M E M O R A N D U M
November 16, 2022
TO: City Clerk
FROM: Kim Sitton
Finance Director
SUBJECT: Monthly Fiscal Report, September 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 September 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: 5D9A3BD6-0B2F-4315-BBA0-013FD9A4A1B0
BEGINNING ENDING
DESCRIPTION BALANCE RECEIPTS DISBURSEMENTS BALANCE
Balance Per Bank - Bank of America $ 5,413,896.39 $ 59,548,033.90 $ 58,165,320.41 $ 6,796,609.88 Deposits in Transit, as restated 984,089.12 728,007.35 984,089.12 728,007.35 Outstanding Checks (1,176,045.78) 1,176,045.78 4,890,284.55 (4,890,284.55) Fiscal Agents 37,185,032.18 11,582,811.23 23,563,753.51 25,204,089.90 Investments
Chandler Investment- City Account 313,258,333.77 7,203,349.22 6,881,099.47 313,580,583.52 Chandler Investment -Pension Trust Fund 30,008,313.86 72,964.14 30,081,278.00 LAIF 101,695,864.70 29,500,000.00 16,900,000.00 114,295,864.70 Investments Subtotal 444,962,512.33 36,776,313.36 23,781,099.47 457,957,726.22 Change Fund 10,248.00 10,248.00
Returned Checks 23,958.00 13,684.53 10,273.47
Credit Card Reconciling Items- Fees (2,821.46) 2,821.46 2,630.21 (2,630.21) TOTAL $ 487,376,910.78 $ 109,837,991.08 $ 111,400,861.80 $ 485,814,040.06 * For informational purpose only
Subject to final audit
CITY OF CORONA
Receipts and Disbursements*
September 30, 2022
DocuSign Envelope ID: 5D9A3BD6-0B2F-4315-BBA0-013FD9A4A1B0
ENDING DEPOSITS OUTSTANDING MISCELLANEOUS RECONCILED
ACCOUNTS BANK BAL IN TRANSIT CHECKS RECONCILING ITEMS BALANCES LAIF $ 114,295,864.70 $
Chandler Investment- City Account $ 313,580,583.52
Chandler Investment -Pension Trust Fund $ 30,081,278.00 $ 114,295,864.70
$ 313,580,583.52
$ 30,081,278.00
Investment Total 457,957,726.22 457,957,726.22
General Account - Bank of America 6,446,781.80 511,040.45 (4,823,489.57) 7,643.26 2,141,975.94 Worker's Comp Account - Bank of America 349,828.08 216,966.90 (66,794.98) 500,000.00 Fiscal Agent Accounts 25,204,089.90 25,204,089.90
Cashiers Change 10,248.00 10,248.00
BALANCE PER BOOKS OF CITY TREASURER
& FINANCE DIRECTOR $ 489,968,674.00 $ 728,007.35 $ (4,890,284.55) $ 7,643.26 $ 485,814,040.06 Subject to final audit
CITY OF CORONA
Cash and Investment Status Report
September 30, 2022
DocuSign Envelope ID: 5D9A3BD6-0B2F-4315-BBA0-013FD9A4A1B0 General Fund $ 137,356,251.98
Special Revenue Funds
Gas Tax 6,650,776.37
Measure A 19,553,735.19
Trip Reduction 1,572,158.07
Asset Forfeiture 440,622.38
Development 28,063,138.21
Residential Refuse/Recycling 64,624.57
Landscape and Streetlight Maintenance 23,633,265.22
Other Grants and Endowments 30,318,582.50 110,296,902.51 Debt Service Funds
Public Financing Authority 42.37 42.37
Capital Project Funds
Housing/Community Development 339,001.63
Planned Local Drainage 545,235.98
Other Grants (7,905,948.97)
Public Facility Project (4,273,280.03)
Corona Housing Authority 16,278,347.22 27,573,338.61
Enterprise Funds
Water Utility 46,068,561.94
Water Reclamation Utility 77,369,045.46
Transit 1,184,828.93
Electric Utility 26,237,763.07
Airport 1,350,837.95 152,211,037.35
Internal Service Funds
Fleet Operations 5,301,650.51
Workers' Compensation 24,583,825.98
Liability Risk (2,185,092.88)
Warehouse Services 695,090.45
Information Technology 37,484,155.27 9,088,681.21
Fiduciary Funds
AD & CFD Bond Funds 24,770,021.77
AB109 PACT 25,165.11
Successor Agency 32,187,303.36 7,392,116.48
Total All Funds $ 485,814,040.06
Subject to final audit
CITY OF CORONA
Cash Balance By Fund
September 30, 2022
DocuSign Envelope ID: 5D9A3BD6-0B2F-4315-BBA0-013FD9A4A1B0
MARKET BOOK PERCENT OF
INVESTMENTS PAR VALUE VALUE VALUE PORTFOLIO
ABS 38,834,924.46 37,588,922.34 38,831,887.44 8.48%
Agency 68,745,000.00 63,531,669.36 69,211,791.40 15.11% CMO 18,218,302.12 17,795,995.36 18,731,401.71 4.09%
Pension Trust 15,607,512.30 28,465,134.25 30,081,278.01 6.57% Corporate 84,131,000.00 77,358,871.73 83,832,694.76 18.31% LAIF 114,295,864.70 114,295,864.70 114,295,864.70 24.96% Money Market Fund FI 709,931.95 709,931.95 709,931.95 0.16% Municipal Bonds 3,385,000.00 3,253,086.55 3,462,753.45 0.76% Negotiable CD 500,000.00 495,044.00 500,000.00 0.11%
Supranational 12,690,000.00 11,274,575.41 12,633,094.65 2.76% US Treasury 85,720,000.00 80,126,706.39 85,667,028.15 18.71% TOTAL PORTFOLIO $ 442,837,535.53 $ 434,895,802.04 $ 457,957,726.22 100.00% Subject to final audit
CITY OF CORONA
Investment Portfolio Report
September 30, 2022
DocuSign Envelope ID: 5D9A3BD6-0B2F-4315-BBA0-013FD9A4A1B0