Consent Item 9
Consent Item 9
To: Ava Community Energy Authority
From: Howard Chang, Chief Executive Officer & Treasurer Subject: Treasurer’s Report for Fiscal Year 2024-2025 Q3 (Informational Item) Date: May 21, 2025
Summary/Recommendation
Receive report on Ava’s cash position.
Background and Discussion
For the quarter ending March 31, 2025, 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 3/31/2025
Accounts Held Amount
River City Accounts
Operating
Internal Operating $ 8,999,779
Operating Fund $ 125,044,091
Lockbox $ 22,219,979
Interest Bearing
Money Market $ 91,305,369
Insured Cash Sweep Checking $ 87,428,915
Insured Cash Sweep Saving $ 20,449,379
CDARS $ 50,000,000
US Bank
Checking $ 3,495,997
Custodial $ 338,235,588
Wells Fargo
Security Margin $ 454,158
Total $ 747,633,255
Consent Item 9
Cash Received by Month into Lockbox Account
Outstanding Loan Balances:
Union Bank Credit Facility: $0.00
Customer Delinquency:
As of March 31, 2025
31 – 60 Days: $ 3,457,814
61 – 90 Days: $ 4,063,520
91 - 120 Days: $ 2,834,473
120+ Days: $ 43,010,845
Jan 2025 $ 64,036,938
Feb 2025 $ 67,791,179
Mar 2025 $ 71,029,591
Total $ 202,857,709