Consent Item 9
Consent Item 9
To: Ava Community Energy Authority
From: Russell Mills, Chief Financial Officer & Treasurer Subject: Treasurer’s Report for Fiscal Year 2025-2026 Q4 Date: September 16, 2026
Summary/Recommendation
Receive report on Ava’s cash position.
Background and Discussion
For the quarter ending June 30, 2026, Ava has maintained a positive balance on all Ava bank accounts. Below is a summary of account balances, cash received, and outstanding loan balances.
Consent Item 9
Account Balances as of 6/30/2026
Cash Received by Month into Lockbox Account
Outstanding Loan Balances:
PNC Credit Facility: $0.00
Customer Delinquency:
As of June 30, 2026
31 – 60 Days: $ 3,523,472
61 – 90 Days: $ 3,216,893
91 - 120 Days: $ 3,719,865
120+ Days: $ 66,302,761
Accounts Held Amount
River City Accounts
Operating
Internal Operating $ 4,511,385
Operating Fund $ 105,525,133
Lockbox $ 13,532,405
Interest Bearing
Money Market $ 127,104,356
Insured Cash Sweep Checking $ 112,467,875
Insured Cash Sweep Saving $ 5,265,595
CDARS $ 47,000,074
US Bank
Checking $ -
Reserve Balance $ 330,873,400
Invested Capital $ 24,693,290
Wells Fargo
Security Margin $ 144,867
PNC
Checking $ 17,570,788
Total $ 788,689,168
Apr 2026 $ 50,201,885
May 2026 $ 39,698,840
Jun 2026 $ 43,112,322
Total $ 133,013,047