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 2025-2026 Q1 (Informational Item)
Date: October 22, 2025
Summary/Recommendation
Receive report on Ava’s cash position.
Background and Discussion
For the quarter ending September 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 9/30/2025
Accounts Held Amount
River City Accounts
Operating
Internal Operating $ 8,259,618
Operating Fund $ 141,924,434
Lockbox $ 29,205,539
Interest Bearing
Money Market $ 59,594,586
Insured Cash Sweep Checking $ 89,346,827
Insured Cash Sweep Saving $ 5,109,041
CDARS $ 50,000,000
US Bank
Checking $ 53,423,114
Custodial $ 343,902,651
Wells Fargo
Security Margin $ 411,287
Total $ 781,177,097
Consent Item 9
Cash Received by Month into Lockbox Account
Outstanding Loan Balances:
US Bank Credit Facility: $0.00
Customer Delinquency:
As of September 30, 2025
31 – 60 Days: $ 7,795,524
61 – 90 Days: $ 4,905,720
91 - 120 Days: $ 3,406,666
120+ Days: $ 51,020,021
July 2025 $ 96,172,538
Aug 2025 $ 101,189,465
Sept 2025 $ 104,844,218
Total $ 302,206,221