Consent Item 14
Consent Item 14
To: Ava Community Energy Authority
From: Russell Mills, Chief Financial Officer & Treasurer Subject: Presenting the Treasurer’s Report for Fiscal Year 2026-2027 Q1 (Informational Item)
Date: October 21, 2026
Summary/Recommendation
Receive the report on Ava’s cash position, monthly receipts, and outstanding loan balances.
Background and Discussion
For the quarter ending September 30, 2026, Ava has maintained a positive cash balance on all Ava bank accounts. Below is a summary of account balances, cash received, and any outstanding loan balances.
Account Balances as of 9/30/2026
Accounts Held Amount
River City Accounts
Operating
Internal Operating $ 2,417,447
Operating Fund $ 78,413,259
Lockbox $ 18,989,387
Interest Bearing
Money Market $ 125,617,932
Insured Cash Sweep Checking $ 113,573,327
Insured Cash Sweep Saving $ 5,317,351
CDARS $ 50,136,565
US Bank
Checking $ -
Reserve Balance $ 330,873,400
Invested Capital $ 21,163,349
Wells Fargo
Security Margin $ 121,311
PNC
Checking $ 4,812,140
Total $ 751,435,468
Consent Item 14
Cash Received by Month into Lockbox Account
Outstanding Loan Balances:
PNC Bank Credit Facility: $0.00
Customer Delinquency:
As of September 30, 2026
31 – 60 Days: $ 4,620,221
61 – 90 Days: $ 3,458,612
91 - 120 Days: $ 1,969,169
120+ Days: $ 64,263,633
Jul 2026 $ 53,046,371
Aug 2026 $ 72,794,188
Sep 2026 $ 74,036,957
Total $ 199,877,516