Consent Item 7
Consent Item 7
To: Ava Community Energy Authority
From: Russell Mills, Chief Financial Officer & Treasurer Subject: Presenting the Treasurer’s Report for Fiscal Year 2025-2026 Q3 (Informational Item)
Date: April 15, 2026
Summary/Recommendation
Receive report on Ava’s cash position.
Background and Discussion
For the quarter ending March 31, 2026, 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 03/31/2026
Accounts Held Amount
River City Accounts
Operating
Internal Operating $ 6,101,544
Operating Fund $ 112,151,486
Lockbox $ 12,690,430
Interest Bearing
Money Market $ 122,441,809
Insured Cash Sweep Checking $ 111,387,429
Insured Cash Sweep Saving $ 5,215,010
CDARS $ 50,000,000
US Bank
Checking $ -
Reserve Balance $ 330,873,400
Invested Capital $ 22,471,366
Wells Fargo
Security Margin $ 168,200
Total $ 773,500,674
Consent Item 7
Cash Received by Month into Lockbox Account
Outstanding Loan Balances:
PNC Credit Facility: $0.00
Customer Delinquency:
As of March 31, 2026
31 – 60 Days: $ 8,809,677
61 – 90 Days: $ 5,844,983
91 - 120 Days: $ 4,275,468
120+ Days: $ 61,042,419
Jan 2026 $ 91,718,890
Feb 2026 $ 79,339,742
Mar 2026 $ 58,504,680
Total $ 229,563,312