M E M O R A N D U M
City Clerk
Kim Sitton
Finance Director
August 3, 2022
TO:
FROM:
SUBJECT: Monthly Fiscal Report, May 2022
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 May 2022, 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: E78E9771-DBFF-4500-8E22-A5B659B0D295
BEGINNING ENDING
DESCRIPTION BALANCE RECEIPTS DISBURSEMENTS BALANCE
Balance Per Bank - Bank of America 10,577,109.91 $ 61,898,189.43 $ 61,475,416.89 $ 10,999,882.45 $ Deposits in Transit 599,230.15 919,624.94 599,230.15 919,624.94 Outstanding Checks (4,514,237.23) 4,514,237.23 2,879,236.37 (2,879,236.37) Fiscal Agents 36,641,536.98 20,601,397.37 41,083,195.05 16,159,739.30 Investments 401,234,113.18 55,561,364.61 30,977,735.66 425,817,742.13 Unrealized Investment Gain (Loss) 0.00 0.00 0.00 0.00
Change Fund 10,148.00 0.00 0.00 10,148.00
Returned Checks 31,707.69 34,219.52 57,842.92 8,084.29
Pcard Reconcling Items 0.00 0.00 0.00 0.00
Credit Card Reconciling Items- Fees (2,577.59) 2,577.59 2,453.31 (2,453.31) TOTAL $ 143,531,610.69 444,577,031.09 $ 137,075,110.35 $ 451,033,531.43 $ *For information purposes only
Subject to final audit
CITY OF CORONA
Receipts and Disbursements
May 31, 2022
DocuSign Envelope ID: E78E9771-DBFF-4500-8E22-A5B659B0D295
ENDING DEPOSITS OUTSTANDING MISCELLANEOUS RECONCILED
ACCOUNTS BANK BAL IN TRANSIT CHECKS RECONCILING ITEMS BALANCES LAIF 113,494,697.40 $ - $ $ - $ 113,494,697.40 - $
Investment Account 312,323,044.73 312,323,044.73
Investment Total 425,817,742.13 425,817,742.13
General Account - Bank of America 10,564,809.55 747,165.32 (2,771,703.85) 5,630.98 8,545,902.00 Worker's Comp Account - Bank of America 435,072.90 172,459.62 (107,532.52) 500,000.00 Fiscal Agent Accounts 16,159,739.30 16,159,739.30
Petty Cash 10,148.00 10,148.00
BALANCE PER BOOKS OF CITY TREASURER
& FINANCE DIRECTOR 452,987,511.88 $ 919,624.94 $ (2,879,236.37) $ 5,630.98 $ 451,033,531.43 GENERAL LEDGER GRAND TOTAL $ 451,033,531.43
Subject to final audit
CITY OF CORONA
Cash Status Report
May 31, 2022
DocuSign Envelope ID: E78E9771-DBFF-4500-8E22-A5B659B0D295 General Fund $ 130,227,325.23
Special Revenue Funds
Gas Tax 8,157,220.97
Measure A 17,952,475.89
Trip Reduction 1,454,250.69
Asset Forfeiture 465,426.52
Development 29,181,520.42
Residential Refuse/Recycling 136,059.72
Landscape and Streetlight Maintenance 25,220,784.13
Other Grants and Endowments 15,472,307.25 98,040,045.59 Debt Service Funds
Public Financing Authority 39.17 39.17
Capital Project Funds
Housing/Community Development 179,839.41
Planned Local Drainage 377,965.97
Other Grants (8,321,052.92)
Public Facility Project (4,273,280.03)
Corona Housing Authority 15,417,482.93 27,454,010.50
Enterprise Funds
Water Utility 32,002,099.19
Water Reclamation Utility 81,653,857.61
Transit 1,131,621.46
Electric Utility 25,949,888.19
Airport 1,438,755.38 142,176,221.83
Internal Service Funds
Fleet Operations 7,384,603.20
Workers' Compensation 24,942,451.60
Liability Risk 318,665.24
Warehouse Services 529,125.97
Information Technology 39,083,607.69 5,908,761.68
Fiduciary Funds
AD & CFD Bond Funds 14,759,441.95
AB109 PACT 25,060.36
Successor Agency 26,088,808.99 11,304,306.68
Total All Funds $ 451,033,531.43
Subject to final audit
CITY OF CORONA
Cash Balance By Fund
May 31, 2022
DocuSign Envelope ID: E78E9771-DBFF-4500-8E22-A5B659B0D295
MARKET BOOK PERCENT OF
INVESTMENTS PAR VALUE VALUE VALUE PORTFOLIO
ABS 41,746,068.56 40,918,999.50 41,743,603.21 9.80%
Agency 75,045.00 71,983,056.30 75,650,330.40 17.77%
CMO 20,317,320.48 20,365,431.39 20,889,933.88 4.91%
Commercial Paper 0.00%
Corporate 83,891,000.00 80,348,242.85 83,835,719.15 19.69% LAIF 113,494,697.40 113,494,697.40 113,494,697.40 26.65% Money Market Fund FI 628,505.60 628,505.60 628,505.67 0.15% Municipal Bonds 3,385,000.00 3,327,928.90 3,462,753.45 0.81% Negotiable CD 500,000.00 496,115.50 500,000.00 0.12%
Supranational 12,690,000.00 11,739,181.68 12,633,094.65 2.97% US Treasury 72,970,000.00 70,136,045.93 72,979,104.32 17.14% TOTAL PORTFOLIO $ 413,438,205.05 349,697,637.04 $ 425,817,742.13 $ 100.00% Average Daily Balance
Subject to final audit
CITY OF CORONA
Investment Portfolio Report
May 31, 2022
DocuSign Envelope ID: E78E9771-DBFF-4500-8E22-A5B659B0D295