M E M O R A N D U M
February 16, 2022
TO: City Clerk
FROM: Kim Sitton
Finance Director
SUBJECT: Monthly Fiscal Report, December 2021
Pursuant to CMC Section 2.28.010 (D) the attached report provides an accounting of all receipts, disbursements and fund balances for the month of December 2021, subject to final audit.
Prepared By: Reviewed By:
_______________________________ _______________________________ Financial Analyst Accounting Manager
Respectfully submitted:
_______________________________ _______________________________ Finance Director Assistant City Manager
_______________________________
City Treasurer
Attachment
DocuSign Envelope ID: 8BE55790-501D-443A-9825-7027E2623A1B
BEGINNING ENDING
DESCRIPTION BALANCE RECEIPTS DISBURSEMENTS BALANCE
Balance Per Bank - Bank of America 6,736,789.79 $ 46,810,682.77 $ 48,310,236.74 $ 5,237,235.82 $ Deposits in Transit 1,439,906.18 154,298.33 1,439,906.18 154,298.33 Outstanding Checks (4,736,527.21) 4,736,527.21 3,124,211.47 (3,124,211.47) Fiscal Agents 9,021,206.05 11,991.23 10,448.77 9,022,748.51 Investments 380,350,515.07 43,208,879.79 35,503,468.67 388,055,926.19 Change Fund 10,148.00 0.00 0.00 10,148.00
Returned Checks 2,587.46 26,422.85 20,718.71 8,291.60
Credit Card Reconciling Items- Fees (2,070.79) 2,070.79 2,233.70 (2,233.70) TOTAL $ 94,950,872.97 392,822,554.55 $ 88,411,224.24 $ 399,362,203.28 $ *For information purposes only
Subject to final audit
CITY OF CORONA
Receipts and Disbursements
DECEMBER 31, 2021
DocuSign Envelope ID: 8BE55790-501D-443A-9825-7027E2623A1B
ENDING DEPOSITS OUTSTANDING MISCELLANEOUS RECONCILED
ACCOUNTS BANK BAL IN TRANSIT CHECKS RECONCILING ITEMS BALANCES LAIF 78,373,420.92 $ - $ $ - $ 78,373,420.92 - $
Investment Account 309,682,505.27 309,682,505.27
Investment Total 388,055,926.19 388,055,926.19
General Account - Bank of America 4,803,294.50 7,391.65 (3,043,363.47) 6,057.90 1,773,380.58 Worker's Comp Account - Bank of America 433,941.32 146,906.68 (80,848.00) 500,000.00 Fiscal Agent Accounts 9,022,748.51 9,022,748.51
Petty Cash 10,148.00 10,148.00
BALANCE PER BOOKS OF CITY TREASURER
& FINANCE DIRECTOR 402,326,058.52 $ 154,298.33 $ (3,124,211.47) $ 6,057.90 $ 399,362,203.28 GENERAL LEDGER GRAND TOTAL $ 399,362,203.28
Subject to final audit
CITY OF CORONA
Cash Status Report
DECEMBER 31, 2021
DocuSign Envelope ID: 8BE55790-501D-443A-9825-7027E2623A1B General Fund $ 107,880,923.94
Special Revenue Funds
Gas Tax 8,705,002.45
Measure A 18,583,086.19
Trip Reduction 1,415,324.56
Asset Forfeiture 565,875.50
Development 27,098,443.18
Residential Refuse/Recycling 13,870.18
Landscape and Streetlight Maintenance 20,543,117.85
Other Grants and Endowments 15,521,760.10 92,446,480.01 Debt Service Funds
Public Financing Authority 20.40 20.40
Capital Project Funds
Housing/Community Development 63,729.03
Planned Local Drainage 325,446.36
Other Grants (5,694,982.21)
Public Facility Project (4,273,280.03)
Corona Housing Authority 19,197,309.15 9,618,222.30
Enterprise Funds
Water Utility 30,056,424.81
Water Reclamation Utility 76,940,575.43
Transit 536,259.68
Electric Utility 25,380,129.90
Airport 1,324,020.06 134,237,409.88
Internal Service Funds
Fleet Operations 9,239,896.92
Workers' Compensation 24,683,708.71
Liability Risk 347,916.71
Warehouse Services 565,141.81
Information Technology 6,938,887.39 41,775,551.54
Fiduciary Funds
AD & CFD Bond Funds 9,270,032.84
AB109 PACT 24,862.17
Successor Agency 4,108,700.20 13,403,595.21
Total All Funds 399,362,203.28 $
Subject to final audit
CITY OF CORONA
Cash Balance By Fund
DECEMBER 31, 2021
DocuSign Envelope ID: 8BE55790-501D-443A-9825-7027E2623A1B
MARKET BOOK PERCENT OF
INVESTMENTS PAR VALUE VALUE VALUE PORTFOLIO
ABS 30,924,952.76 30,839,543.26 30,935,450.90 7.97%
Agency 83,295,000.00 83,785,475.86 83,806,263.90 21.60% CMO 19,167,218.64 19,786,517.56 19,675,780.32 5.07%
Commercial Paper - - - 0.00%
Corporate 84,290,000.00 85,175,151.69 84,351,926.30 21.74% LAIF 78,373,420.92 78,373,420.92 78,373,420.92 20.20%
Money Market Fund FI 769,775.19 769,775.19 769,775.25 0.20% Municipal Bonds 3,385,000.00 3,515,661.00 3,462,753.45 0.89% Negotiable CD 500,000.00 500,019.00 499,999.98 0.13%
Supranational 16,290,000.00 16,064,178.58 16,145,667.65 4.16% US Treasury 69,920,000.00 70,253,494.18 70,034,887.52 18.05% TOTAL PORTFOLIO $ 389,063,237.24 386,915,367.51 $ 388,055,926.19 $ 100.00% Average Daily Balance
Subject to final audit
CITY OF CORONA
Investment Portfolio Report
DECEMBER 31, 2021
DocuSign Envelope ID: 8BE55790-501D-443A-9825-7027E2623A1B