2075 Woodside Road | Redwood City, CA 94061
(650) 260-0005 | peninsulacleanenergy.com
Special Meeting of the Audit and Finance Committee of the Peninsula Clean Energy Authority (PCEA)
REVISED AGENDA
Monday, August 12, 2024
10:00 am
PLEASE NOTE: This meeting will be held in a hybrid format with both in-person and Zoom participation options for members of the public;
Board members shall appear in person.
In-Person Meeting Location:
PCEA Lobby, 2075 Woodside Road, Redwood City, CA 94061
Los Banos City Hall, Conference Room B, 520 J St, Los Banos, CA 93635 Zoom, Virtual Meeting Link:https://pencleanenergy.zoom.us/j/89514559357 Meeting ID: 895-1455-9357 Passcode: 2075 Phone: +1 (669) 444-9171
INTRODUCTION
This meeting of the Peninsula Clean Energy Audit and Finance Committee will be held at the Peninsula Clean Energy Lobby: 2075 Woodside Road, Redwood City, CA 94061 and by teleconference pursuant to California Assembly Bill 2449 and the Ralph M. Brown Act, CA Gov’t Code. Section 54950, et seq.
Members of the Committee are expected to attend the meeting in person and should reach out to Assistant General Counsel for Peninsula Clean Energy, Jennifer Stalzer, with questions or accommodation information ([email protected]). For information regarding how to participate in the meeting remotely, please refer to the instructions at the end of the agenda. In addition, a video broadcast of the meeting can be viewed at https://www.peninsulacleanenergy.com/Audit and Finance-committee following the meeting.
Public Participation
The PCEA Audit and Finance Committee meeting may be accessed through Zoom online at https://pencleanenergy.zoom.us/j/89514559357. The meeting ID is: 895-1455-9357 and the passcode is:
2075. The meeting may also be accessed via telephone by dialing +1(669) 444-9171. Enter the webinar ID: 895-1455-9357, then press #. (Find your local number:
https://pencleanenergy.zoom.us/u/kTlH1Ocod). Peninsula Clean Energy uses best efforts to ensure audio and visual clarity and connectivity. However, it cannot guarantee the connection quality.
Members of the public can also attend this meeting physically at the Peninsula Clean Energy Lobby at 2075 Woodside Road, Redwood City, CA 94061.
Written public comments may be emailed to PCEA Board Clerk, Nelly Wogberg ([email protected]) and such written comments should indicate the specific agenda item on which the member of the public is commenting.
Spoken public comments will be accepted during the meeting in the Board Room(s) or remotely through Zoom at the option of the speaker. Please use the “Raise Your Hand” function in the Zoom platform, or press *6 if you phoned into the meeting, to indicate that you would like to provide comment. 1 1. Approval of Minutes from the May 13, 2024 Audit and Finance Committee Meeting
2. Chair Report
3. Staff Report
4. Q4 Fiscal Year 2024 Financial Report (Quarter Ending June 30, 2024) (Discussion)
5. Committee Members' Reports (Discussion)
Please note that Peninsula Clean Energy Audit and Finance Committee meetings are a limited public forum, and all public comment must relate to something that is within the subject matter jurisdiction of the Committee. If comments do not relate to the subject matter jurisdiction of the Committee, we will stop the comment and move on to the next speaker. General Counsel will assist in identifying comments that are not related to the subject matter jurisdiction of the Committee.
ADA Requests
Individuals who require special assistance or a disability related modification or accommodation to participate in this meeting, or who have a disability and wish to request an alternative format for the meeting, should contact Nelly Wogberg, Board Clerk, by 10:00 a.m. on the day before the meeting at ([email protected]). Notification in advance of the meeting will enable PCEA to make reasonable arrangements to ensure accessibility to this meeting, the materials related to it, and your ability to comment.
Closed Captioning is available for all PCEA Board meetings. While watching the video broadcast in Zoom, please enable captioning.
CALL TO ORDER / ROLL CALL / APPROVE TELECONFERENCE PARTICIPATION UNDER AB 2449
This item is reserved to approve teleconference participation request for this meeting by Director pursuant to Brown Act revisions of AB 2449 due to an emergency circumstance to be briefly described.
PUBLIC COMMENT
This item is reserved for persons wishing to address the Committee on any PCEA-related matters that are not otherwise on this meeting agenda. Public comments on matters listed on the agenda shall be heard at the time the matter is called. Members of the public who wish to address the Committee are customarily limited to two minutes per speaker. The Committee Chair may increase or decrease the time allotted to each speaker.
ACTION TO SET AGENDA AND TO APPROVE CONSENT AGENDA ITEMS
SPECIAL AGENDA
ADJOURNMENT
Public records that relate to any item on the open session agenda are available for public inspection. The records are available at the Peninsula Clean Energy offices or on PCEA Website at:
https://www.peninsulacleanenergy.com.
JOINING INSTRUCTIONS
2 Instructions for Joining a Zoom Meeting via Computer or Phone Best Practices:
Please mute your microphone when you are not speaking to minimize audio feedback If possible, utilize headphones or ear buds to minimize audio feedback If participating via videoconference, audio quality is often better if you use the dial-in option (option 2 below) rather than your computer audio
Options for Joining
Videoconference with Computer Audio - see Option 1 below Videoconference with Phone Call Audio - see Option 2 below Calling in via Telephone/Landline - see Option 3 below
Videoconference Options:
Prior to the meeting, we recommend that you install the Zoom Meetings application on your computer by clicking here https://zoom.us/download.
If you want full capabilities for videoconferencing (audio, video, screensharing) you must download the Zoom application.
Option 1 Videoconference with Computer Audio:
From your computer, click on the following link that is also included in the meeting calendar invitation: https://pencleanenergy.zoom.us/j/89514559357 The Zoom application will open on its own or you will be instructed to open Zoom.
After the application opens, the pop-up screen below will appear asking you to choose ONE of the audio conference options. Click on the Computer Audio option at the top of the pop-up screen.
Click the blue, "Join with Computer Audio" button.
In order to enable video, click on "Start Video" in the bottom left-hand corner of the screen. This menu bar is also where you can mute/unmute your audio.
Option 2 Videoconference with Phone Call Audio
From your computer, click on the following link that is also included in the Meeting Calendar Invitation: https://pencleanenergy.zoom.us/j/89514559357 The Zoom Application will open on its own or you will be instructed to Open Zoom. 3 After the application opens, the pop-up screen below will appear asking you to choose ONE of the audio conference options. Click on the Phone Call option at the top of the pop-up screen.
Please dial +1 (669) 444-9171.
You will be instructed to enter the meeting ID: 895-1455-9357 followed by #.
You will be instructed to enter in your participant ID. Your participant ID is unique to you and is what connects your phone number to your Zoom account.
After a few seconds, your phone audio should be connected to the Zoom application on your computer.
In order to enable video, click on "Start Video" in the bottom left-hand corner of the screen. This menu bar is also where you can mute/unmute your audio.
Audio Only Options:
Please note that if you call in/use the audio only option, you will not be able to see the speakers or any presentation materials in real time.
Option 3: Calling in via Telephone/Landline:
Please dial +1 (669) 444-9171.
You will be instructed to enter the meeting ID: 895-1455-9357 followed by #.
You will be instructed to enter your Participant ID followed by #. If you do not have a participant ID or do not know it, you can press # to stay on the line.
You will be instructed to enter the meeting passcode 2075 followed by #. 4 DATE: May 6, 2024
MEETING DATE: August 12, 2024
VOTE REQUIRED: Majority Vote
TO: Honorable Peninsula Clean Energy Authority Executive Committee FROM: Nelly Wogberg, Board Clerk
SUBJECT: Approval of Minutes from the May 13, 2024 Audit and Finance Committee Meeting
Item No. 1
PENINSULA CLEAN ENERGY AUTHORITY
JPA Board Correspondence
RECOMMENDATION
Approve minutes from the May 13, 2024 Audit and Finance Committee Meeting.
ATTACHMENTS:
05-13-2024 AFC Minutes.pdf
5 Regular Meeting of the Audit and Finance Committee of the Peninsula Clean Energy Authority (PCEA)
Minutes
Monday, May 13, 2024
8:30 a.m.
Zoom Video Conference and Teleconference
CALL TO ORDER
Meeting was called to order at 8:35 a.m. in virtual teleconference, in the Peninsula Clean Energy Authority lobby, and is Los Banos City Hall Conference Room B.
ROLL CALL
Participating:
Tom McCune, Belmont
Donna Colson, Burlingame
Carlos Romero, East Palo Alto
Leslie Ragsdale, Hillsborough
Absent:
Paul Llanez, Los Banos
A quorum was established.
PUBLIC COMMENT
None
ACTION TO SET AGENDA AND TO APPROVE CONSENT AGENDA ITEMS Public Comment: None
MOTION: Director Ragsdale moved, seconded by Director McCune to set the Agenda and approve Agenda Item Number 1.
1. Approval of Minutes from the August 14, 2023 and September 11, 2023 Audit and Finance Committee Meetings
MOTION PASSED: 4-0 (Absent: Los Banos)
JURISDICTION BOARD MEMBER YES NO ABSTAIN ABSENT
Belmont Director McCune X
Burlingame Director Colson X
East Palo Alto Director Romero X
Hillsborough Director Ragsdale X
Los Banos Director Llanez X
6 Totals 4 1
REGULAR AGENDA
2. Chair Report
Donna Colson, Chair of the Committee, gave a chair report to the Committee.
3. Staff Report
Nick Bijur, Chief Financial Officer, gave a brief staff report to the Committee.
4. Appointment of Audit and Finance Committee Chair
Public Comment: None
MOTION: Chair Colson moved, seconded by Director McCune to appoint Director Romero as Chair of the Audit and Finance Committee.
MOTION PASSED: 4-0 (Absent: Los Banos)
JURISDICTION BOARD MEMBER YES NO ABSTAIN ABSENT
Belmont Director McCune X
Burlingame Director Colson X
East Palo Alto Director Romero X
Hillsborough Director Ragsdale X
Los Banos Director Llanez X
Totals 4 1
5. Q3 Fiscal Year 2024 Financial Report (Quarter Ending March 31, 2024) (Discussion) Nick Bijur, Chief Financial Officer, gave a presentation on the quarter 3 financial report.
Public Comment: None
6. Recommend to the Board of Directors to Approve the Establishment of a Rate Stabilization Fund (Action)
Nick Bijur, Chief Financial Officer, gave a presentation on the establishment of a rate stabilization fund.
Public Comment: None
MOTION: Director Ragsdale moved, seconded by Director McCune to recommend to the Board of Directors to establish a Rate Stabilization Fund under Government Accounting Standard Board (GASB) Standard 62 for the purpose of stabilizing customer electric generation charges.
MOTION PASSED: 4-0 (Absent: Los Banos)
JURISDICTION BOARD MEMBER YES NO ABSTAIN ABSENT
7 Belmont Director McCune X
Burlingame Director Colson X
East Palo Alto Director Romero X
Hillsborough Director Ragsdale X
Los Banos Director Llanez X
Totals 4 1
7. Review Fiscal Year 2024-2025 Draft Budget (Discussion) Nick Bijur, Chief Financial Officer, gave a presentation on the Fiscal Year 2024-2025 draft budget.
Public Comment: None
8. Committee Members’ Reports
ADJOURNMENT
Meeting was adjourned at 9:59 a.m.
8 Public Comment: xx
MOTION: Director xx moved, seconded by Director xx to
MOTION PASSED/FAILED: 5-0 (Absent: XX)
JURISDICTION BOARD MEMBER YES NO ABSTAIN ABSENT
Belmont Director McCune
Burlingame Director Colson
East Palo Alto Director Romero
Hillsborough Director Ragsdale
Los Banos Director Llanez
Totals
Roll Call
TIME: 8:35am
TURN ON RECORDING
UNMUTE ROOM
“When I call your jurisdiction, please state your name”
JURISDICTION BOARD MEMBER PRESENT ABSENT
Belmont Director McCune X
Burlingame Director Colson X
East Palo Alto Director Romero X
Hillsborough Director Ragsdale X
Los Banos Director Llanez X
Total 4 1
9 DATE: August 5, 2024
MEETING DATE: August 12, 2024
VOTE REQUIRED: None
TO: Honorable Peninsula Clean Energy Authority Audit and Finance Committee FROM: Nicholas Bijur, Chief Financial Officer
SUBJECT: Q4 Fiscal Year 2024 Financial Report (Quarter Ending June 30, 2024) (Discussion)
Item No. 4
PENINSULA CLEAN ENERGY AUTHORITY
JPA Board Correspondence
RECOMMENDATION
Receive report and provide any feedback. This is a discussion item only.
BACKGROUND
Staff will review unaudited financial results for the quarter ending June 30, 2024 and full year results.
ATTACHMENTS:
Q4 2024 Financial Package.pdf
10 Fiscal Year Actual/Budget Amount Fiscal Year Actual/Budget Amount June 30, 2016 Audited ($1,044) June 30, 2016 Audited $3,833 June 30, 2017 Audited $21,711 June 30, 2017 Audited $18,882 June 30, 2018 Audited $85,365 June 30, 2018 Audited $64,689 June 30, 2019 Audited $140,139 June 30, 2019 Audited $114,069 June 30, 2020 Audited $189,072 June 30, 2020 Audited $177,629 June 30, 2021 Audited $180,717 June 30, 2021 Audited $165,652 June 30, 2022 Audited $167,671 June 30, 2022 Audited $135,090 June 30, 2023 Audited $307,626 June 30, 2023 Audited $254,074 June 30, 2024 Actual $417,200 June 30, 2024 Actual $390,523 June 30, 2024 Budget $425,043 June 30, 2024 Budget $377,162 Fiscal Year Actual/Budget Amount Fiscal Year Actual/Budget Amount FY2015-2016 Audited ($1,044) FY2015-2016 Audited $0
FY2016-2017 Audited $22,755 FY2016-2017 Audited $64,501 FY2017-2018 Audited $63,655 FY2017-2018 Audited $170,135 FY2018-2019 Audited $54,774 FY2018-2019 Audited $194,035 FY2019-2020 Audited $48,933 FY2019-2020 Audited $216,066 FY2020-2021 Audited ($8,355) FY2020-2021 Audited $213,834 FY2021-2022 Audited ($13,046) FY2021-2022 Audited $226,678 FY2022-2023 Audited $139,955 FY2022-2023 Audited $265,208 FY2023-2024 Actual $109,574 FY2023-2024 Actual $323,966 FY2023-2024 Budget $124,612 FY2023-2024 Budget $311,261 Fiscal Year Actual/Budget Amount Fiscal Year Actual/Budget Amount FY2015-2016 Audited $0 FY2015-2016 Audited $1,041
FY2016-2017 Audited $93,129 FY2016-2017 Audited $5,603
FY2017-2018 Audited $244,738 FY2017-2018 Audited $10,836 FY2018-2019 Audited $259,782 FY2018-2019 Audited $12,877 FY2019-2020 Audited $278,093 FY2019-2020 Audited $15,272 FY2020-2021 Audited $228,101 FY2020-2021 Audited $22,469 FY2021-2022 Audited $237,899 FY2021-2022 Audited $19,861 FY2022-2023 Audited $428,218 FY2022-2023 Audited $25,946 FY2023-2024 Actual $453,805 FY2023-2024 Actual $36,712
FY2023-2024 Budget $474,624 FY2023-2024 Budget $39,396
Peninsula Clean Energy
Performance at a Glance
Results for the Fiscal Year Ended
June 30, 2024
($000s)
Net Position Balance Unrestricted Cash/Investments Balance Revenues Total Other Operating Expenses
Change in Net Position Cost of Electricty
11 Peninsula Clean Energy
Performance at a Glance
Results for the Fiscal Year Ended
June 30, 2024
($000s)
FY 2024 Revenues FY 2024 Expenses
Customer Accounts Energy Used
283,346 , 91%
28,845 , 9%
Customer Accounts
Residential Commercial/Industrial
1,371,234 ,
41%
1,976,988 ,
59%
YTD Energy Usage (MWh)
Residential Commercial/Industrial
$453,805
$474,624
$0 $100,000 $200,000 $300,000 $400,000 $500,000
FY 2024 Revenues - Actual vs. Budget
Actual Revenues - FY 2024 Budget Revenues - FY 2024
$360,678
$350,657
$0 $50,000 $100,000$150,000$200,000$250,000$300,000$350,000$400,000 FY 2024 Expenses - Actual vs. Budget
Actual Expenses - FY 2024 Budget Expenses - FY 2024
12 1
ACCOUNTANTS’ COMPILATION REPORT
Board of Directors
Peninsula Clean Energy Authority
Management is responsible for the accompanying financial statements of Peninsula Clean Energy Authority (PCE), a California Joint Powers Authority, which comprise the statement of net position as of June 30, 2024, and the statement of revenues, expenses, and changes in net position, and the statement of cash flows for the year then ended, in accordance with accounting principles generally accepted in the United States of America. We have performed a compilation engagement in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the AICPA. We did not audit or review the accompanying statements nor were we required to perform any procedures to verify the accuracy or completeness of the information provided by management. Accordingly, we do not express an opinion, conclusion, nor provide any assurance on these financial statements.
Management has elected to omit substantially all of the note disclosures required by accounting principles generally accepted in the United States of America in these interim financial statements.
PCE’s annual audited financial statements will include the note disclosures omitted from these interim statements. If the omitted disclosures were included in these financial statements, they might influence the user’s conclusions about the Authority’s financial position, results of operations, and cash flows. Accordingly, these financial statements are not designed for those who are not informed about such matters.
We are not independent with respect to PCE because we performed certain accounting services that impaired our independence.
Maher Accountancy
San Rafael, CA
August 5, 2024
1101 Fifth Avenue, Suite 200 San Rafael, CA 94901 415 459 1249 mahercpa.com 13 ASSETS
Current assets
Cash and cash equivalents 179,932,959$
Accounts receivable, net of allowance 32,381,329
Accrued revenue 25,740,350
Investments 16,828,861
Other receivables 6,315,467
Prepaid expenses 4,611,128
Deposits and other assets 5,219,282
Total current assets 271,029,376
Noncurrent assets
Investments 192,300,331
Other receivables 4,493,035
Deposits and other assets 190,662
Lease asset, net of amortization 1,108,612
Construction in progress 5,322,353
Capital assets, net of depreciation 761,820
Total noncurrent assets 204,176,813
Total assets 475,206,189
LIABILITIES
Current liabilities
Accrued cost of electricity 43,668,621
Accounts payable 2,950,037
Other accrued liabilities 899,037
Deferred revenue 4,372,157
User taxes and energy surcharges due to other governments 1,166,699 Deposits - energy suppliers 1,889,999
Lease liability 532,209
Total current liabilities 55,478,759
Noncurrent liabilities
Deposits - energy suppliers 1,799,451
Lease liability 727,879
Total noncurrent liabilities 2,527,330
Total liabilities 58,006,089
NET POSITION
Net investment in capital assets 5,455,117
Unrestricted 411,744,983
Total net position $ 417,200,100
As of June 30, 2024
STATEMENT OF NET POSITION
PENINSULA CLEAN ENERGY AUTHORITY
See accountants' compilation report. 2 14
OPERATING REVENUES
Electricity sales, net 440,998,186$
Green electricity premium 2,980,743
Liquidated damages revenue 6,555,711
Grant revenue 3,270,369
Other income 1,602,850
Total operating revenues 455,407,859
OPERATING EXPENSES
Cost of electricity 323,966,216
Contract services 12,540,036
Staff compensation 9,841,890
Other operating expenses 13,704,189
Depreciation and amortization 578,324
Total operating expenses 360,630,655
Operating income (loss) 94,777,204
NONOPERATING REVENUES (EXPENSES)
Interest and investment returns 14,844,423
Finance costs (47,519)
Nonoperating revenues (expenses), net 14,796,904
CHANGE IN NET POSITION 109,574,108
Net position at beginning of period 307,625,992
Net position at end of period $ 417,200,100
PENINSULA CLEAN ENERGY AUTHORITY
STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN NET POSITION
Year Ended June 30, 2024
See accountants' compilation report. 3 15
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers 456,221,752$
Receipts from grantors 3,270,369
Receipts of supplier security deposits 14,735,000
Other operating receipts 8,158,561
Payments to suppliers for electricity (304,462,015)
Payments for other goods and services (30,617,937)
Payments for deposits and collateral (2,238,725)
Payments of staff compensation (9,643,005)
Payments of taxes and surcharges to other governments (6,346,905) Net cash provided (used) by operating activities 129,077,095
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES
Payments of lease obligation (547,354)
Payments to acquire capital assets (5,113,486)
Net cash provided (used) by capital and related financing activities (5,660,840)
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from investment sales 57,048,636
Investment income received 9,947,512
Purchase of investments (140,704,733)
Net cash provided (used) by investing activities (73,708,585) Net change in cash and cash equivalents 49,707,670
Cash and cash equivalents at beginning of period 130,225,289 Cash and cash equivalents at end of period 179,932,959$
NONCASH CAPITAL FINANCING ACTIVITIES
Capital acquisitions included in accounts payable and other liabilites 477,580$ Year Ended June 30, 2024
STATEMENT OF CASH FLOWS
PENINSULA CLEAN ENERGY AUTHORITY
See accountants' compilation report. 4 16
RECONCILIATION OF OPERATING INCOME (LOSS) TO NET
CASH PROVIDED (USED) BY OPERATING ACTIVITIES
Operating income (loss) 94,777,204$
Adjustments to reconcile operating income to net
cash provided (used) by operating activities
Depreciation and amortization expense 578,324
(Increase) decrease in:
Accounts receivable 4,843,470
Accrued revenue (3,515,790)
Other receivables (1,418,862)
Prepaid expenses 3,955,081
Deposits and other assets 11,783,042
Increase (decrease) in:
Accrued cost of electricity 18,022,051
Accounts payable 1,311,342
Other accrued liabilities 154,836
Deferred revenue (471,906)
User taxes and energy
surcharges due to other governments (73,597)
Deposits - energy suppliers (868,100)
Net cash provided (used) by operating activities 129,077,095$ Year Ended June 30, 2024
STATEMENT OF CASH FLOWS
PENINSULA CLEAN ENERGY AUTHORITY
(continued)
See accountants' compilation report. 5 17
18 19
20 21
Cash Receipts .00 40,000,000.00
Cash Disbursements .00 - 36,099.24
Taxable Interest 124,003.09 1,800,730.48Realized Gain/Loss - 174,370.52 - 441,158.08Change In Unrealized Gain/Loss 572,518.82 1,504,741.11Change In Accrued Income 163,415.59 633,045.20 01806604 54- -01-B -82 -186-040101 -11-04304-04PENINSULA CLEAN ENERGY - CHANDLER Page 3 of 34ACCOUNT Period from June 1, 2024 to June 30, 2024
CURRENT PERIOD YEAR TO DATE
06/01/2024 TO 06/30/2024 07/01/2023 TO 06/30/2024
Beginning Market Value 102,791,435.31 60,015,742.82ReceiptsTotal Receipts .00 40,000,000.00DisbursementsTotal Disbursements .00 - 36,099.24 Asset ActivityTotal Asset Activity 685,566.98 3,497,358.71Net Change In Market Value 685,566.98 43,461,259.47Ending Market Value 103,477,002.29 103,477,002.29
MARKET VALUE RECONCILIATION
22 1 1 1 1 1 1 1 1 1 1 1 11 1111 1 11 1 1 11 1 11 1 111 1 11 1111 11 111 1 11 1 11 11 111 1 1 11 1 1 1 111 1 1 1 1 11 1 1 1 11 11 11 1 1 11 11 1 111 11111 1 1 1 11 1 1 111 1111 1 1 11 1 1 11111 1 1 1 11 1 1 11 1 1 1 1 11 1 1 111 11 1 1 11 1111 1111 1 11 1 1 1 1 1 1 1 1 1 1 11 111 1 11111111111111111111 Cash Receipts .00 40,000,000.00Cash Disbursements .00 - 36,099.24 Taxable Interest 124,003.09 1,800,730.48Realized Gain/Loss - 174,370.52 - 441,158.08Change In Accrued Income 163,415.59 633,045.20 01806604 54- -01-B -82 -186-040101 -11-04304-04PENINSULA CLEAN ENERGY - CHANDLER Page 4 of 34ACCOUNT Period from June 1, 2024 to June 30, 2024
CURRENT PERIOD YEAR TO DATE
06/01/2024 TO 06/30/2024 07/01/2023 TO 06/30/2024
Beginning Cost 106,119,362.16 64,275,891.96ReceiptsTotal Receipts .00 40,000,000.00DisbursementsTotal Disbursements .00 - 36,099.24 Asset ActivityTotal Asset Activity 113,048.16 1,992,617.60Ending Cost 106,232,410.32 106,232,410.32
COST RECONCILIATION
23 Cash And Equivalents 135,155.41 0.13
U.S. Government Issues 60,040,697.56 58.02Corporate Issues 39,694,781.85 38.36Foreign Issues 2,716,987.50 2.63Accrued Income 889,379.97 0.86 01806604 54- -01-B -82 -186-040101 -11-04304-04PENINSULA CLEAN ENERGY - CHANDLER Page 5 of 34ACCOUNT Period from June 1, 2024 to June 30, 2024 06/30/2024 % OF
ASSETS MARKET VALUE MARKETTotal Assets 102,587,622.32 99.14Grand Total 103,477,002.29 100.00
ASSET SUMMARY
BONDS 99.01%
24