Consent Item 7
Consent Item 7
To: Ava Community Energy Authority
From: Howard Chang, Chief Executive Officer
Subject: Treasurer’s Report (Informational Item)
Date: November 20, 2024
__________________________________________________________________ Recommendation
Receive report on Ava’s cash position.
Background and Discussion
For the quarter ending September 30, 2024, Ava has maintained a positive cash balance on all Ava bank accounts. Below is a summary of account balances, cash received, and outstanding loan balances.
Account Balances as of 9/30/2024
Account Amount
Internal Operating $ 4,194,010
Operating Fund $ 126,867,223
Lockbox $ 24,761,552
US Bank $ 349,697,730
Money Market $ 79,975,245
Insured Cash Sweep Checking $ 110,296,127
Insured Cash Sweep Saving $ 44,632
Wells Fargo $ 495,357
CDARS $ 20,030,952
Total $ 716,362,828
Consent Item 7
Cash Received by Month into Lockbox Account
Outstanding Loan Balances:
Union Bank Credit Facility: $0.00
Customer Delinquency:
As of September 30, 2024
31 – 60 Days: $ 6,187,100
61 – 90 Days: $ 3,349,725
91 - 120 Days: $ 2,448,754
120+ Days: $ 44,504,775
July 2024 $ 89,763,013
Aug 2024 $ 102,027,848
Sept 2024 $ 92,597,607
Total $ 284,388,468