Consent Item 9
Consent Item 9
To: Ava Community Energy Authority
From: Russell Mills, Chief Financial Officer & Treasurer Subject: Presenting the Treasurer’s Report for Fiscal Year 2024-2025 Q4 (Informational Item)
Date: July 16, 2025
Summary/Recommendation
Receive report on Ava’s cash position.
Background and Discussion
For the quarter ending June 30, 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 6/30/2025
Accounts Held Amount
River City Accounts
Operating
Internal Operating $ 4,353,910
Operating Fund $ 84,563,179
Lockbox $ 18,826,078
Interest Bearing
Money Market $ 58,406,576
Insured Cash Sweep Checking $ 88,381,011
Insured Cash Sweep Saving $ 5,053,813
CDARS $ 50,000,000
US Bank
Checking $ 56,832,118
Custodial $ 343,570,019
Wells Fargo
Security Margin $ 432,979
Total $ 710,419,683
Consent Item 9
Cash Received by Month into Lockbox Account
Outstanding Loan Balances:
US Bank Credit Facility: $0.00
Customer Delinquency:
As of June 30, 2025
31 – 60 Days: $ 5,102,867
61 – 90 Days: $ 3,677,088
91 - 120 Days: $ 3,274,441
120+ Days: $ 48,488,427
April 2025 $ 69,044,422
May 2025 $ 63,369,847
June 2025 $ 67,761,967
Total $ 200,176,237