Consent Item 11
Consent Item 11
TO: Ava Community Energy Authority Board of Directors
FROM: Howard Chang, Chief Operating Officer & Treasurer SUBJECT: Treasurer’s Report (Informational Item)
DATE: April 17, 2024
__________________________________________________________________ Recommendation
Receive report on EBCE’s cash position.
Background and Discussion
For the quarter ending March 31, 2024, EBCE has maintained a positive cash balance on all EBCE bank accounts. Below is a summary of account balances, cash received, and outstanding loan balances.
Account Balances as of 3/31/2024
Account Amount
Internal Operating $ 3,365,245
Operating Fund $ 74,919,911
Lockbox $ 13,655,472
US Bank $ 99,591,910
Money Market $ 160,930,786
Insured Cash Sweep Checking $ 134,416,926
Insured Cash Sweep Saving $ 20,501,532
Wells Fargo $ 532,682
CDARS $ 50,000,000
Total $ 557,914,463
Consent Item 11
Cash Received by Month into Lockbox Account
Outstanding Loan Balances:
Union Bank Credit Facility: $0.00
Customer Delinquency:
As of March 31, 2024
31 – 60 Days: $ 5,395,190
61 – 90 Days: $ 2,941,801
91 - 120 Days: $ 2,209,025
120+ Days: $ 41,452,964
January 2024 $ 82,202,148
February 2024 $ 72,374,625
March 2024 $ 78,324,537
Total $ 232,901,310