Consent Item 10
Consent Item 10
To: Ava Community Energy Authority
From: Howard Chang, Chief Executive Officer & Treasurer Subject: Presenting the Treasurer’s Report for Fiscal Year 2024-2025 Q2 (Informational Item)
Date: January 13, 2025
Summary/Recommendation
Receive report on Ava’s cash position.
Background and Discussion
For the quarter ending December 31, 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 12/31/2024
Accounts Held Amount
River City Accounts
Operating
Internal Operating $ 4,599,638
Operating Fund $ 92,068,571
Lockbox $ 16,748,233
Interest Bearing
Money Market $ 55,799,235
Insured Cash Sweep Checking $ 86,476,087
Insured Cash Sweep Saving $ 20,226,515
CDARS $ 50,000,000
US Bank
Checking $ 115,392,044
Custodial $ 332,328,629
Wells Fargo
Security Margin $ 475,218
Total $ 774,114,170
Consent Item 10
Cash Received by Month into Lockbox Account
Outstanding Loan Balances:
Union Bank Credit Facility: $0.00
Customer Delinquency:
As of December 31, 2024
31 – 60 Days: $ 4,927,370
61 – 90 Days: $ 4,961,071
91 - 120 Days: $ 3,090,640
120+ Days: $ 47,484,967
Oct 2024 $ 95,054,280
Nov 2024 $ 72,655,606
Dec 2024 $ 65,326,118
Total $ 233,036,004