M E M O R A N D U M
February 15, 2023
TO: City Clerk
FROM: Kim Sitton
Finance Director
SUBJECT: Monthly Fiscal Report, December 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 December 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: E37468E2-DA34-4DAD-BEE7-35D0E635D95B
BEGINNING ENDING
DESCRIPTION BALANCE RECEIPTS DISBURSEMENTS BALANCE
Balance Per Bank - Bank of America $ 5,614,549.17 $ 45,436,511.27 $ 46,293,071.33 $ 4,757,989.11 Deposits in Transit 679,204.10 374,619.59 679,204.10 374,619.59 Outstanding Checks (3,081,969.32) 3,081,969.32 2,707,291.16 (2,707,291.16) Fiscal Agents 24,140,569.94 67,548.07 0.10 24,208,117.91 Investments
Chandler Investment- City Account 314,343,652.78 8,939,264.43 8,465,689.11 314,817,228.10 Chandler Investment -Pension Trust Fund 30,107,193.56 190,039.92 30,297,233.48 LAIF 115,874,075.47 19,400,000.00 13,100,000.00 122,174,075.47 Investments Subtotal 460,324,921.81 28,529,304.35 21,565,689.11 467,288,537.05 Change Fund 10,248.00 10,248.00
Returned Checks 6,019.09 25,820.46 27,865.18 3,974.37
Credit Card Reconciling Items- Fees (2,080.55) 2,080.55 2,659.83 (2,659.83) TOTAL $ 487,691,462.24 $ 77,517,853.61 $ 71,275,780.81 $ 493,933,535.04 * For informational purpose only
Subject to final audit
CITY OF CORONA
Receipts and Disbursements*
December 31, 2022
DocuSign Envelope ID: E37468E2-DA34-4DAD-BEE7-35D0E635D95B
ENDING DEPOSITS OUTSTANDING MISCELLANEOUS RECONCILED
ACCOUNTS BANK BAL IN TRANSIT CHECKS RECONCILING ITEMS BALANCES LAIF $ 122,174,075.47 $ 122,174,075.47
Chandler Investment- City Account $ 314,817,228.10 $ 314,817,228.10 Chandler Investment -Pension Trust Fund $ 30,297,233.48 $ 30,297,233.48 Investment Total 467,288,537.05 467,288,537.05
General Account - Bank of America 4,308,840.73 189,725.14 (2,573,248.33) 1,314.54 1,926,632.08 Worker's Comp Account - Bank of America 449,148.38 184,894.45 (134,042.83) 500,000.00 Fiscal Agent Accounts 24,208,117.91 24,208,117.91
Cashiers Change 10,248.00 10,248.00
BALANCE PER BOOKS OF CITY TREASURER
& FINANCE DIRECTOR $ 496,264,892.07 $ 374,619.59 $ (2,707,291.16) $ 1,314.54 $ 493,933,535.04
CITY OF CORONA
Cash and Investment Status Report
December 31, 2022
Subject to final audit
DocuSign Envelope ID: E37468E2-DA34-4DAD-BEE7-35D0E635D95B General Fund $ 140,618,148.51
Special Revenue Funds
Gas Tax 7,846,266.27
Measure A 20,105,689.44
Trip Reduction 1,620,654.05
Asset Forfeiture 372,985.19
Development 28,817,337.15
Residential Refuse/Recycling 842,850.29
Landscape and Streetlight Maintenance 21,942,232.24
Other Grants and Endowments 30,383,599.78 111,931,614.41 Debt Service Funds
Public Financing Authority 2,510.21 2,510.21
Capital Project Funds
Housing/Community Development (77,931.75)
Planned Local Drainage 426,669.04
Other Grants (8,110,586.95)
Public Facility Project (4,273,280.03)
Corona Housing Authority 15,985,506.35 28,020,636.04
Enterprise Funds
Water Utility 46,043,261.34
Water Reclamation Utility 77,327,526.95
Transit 905,840.92
Electric Utility 27,473,754.70
Airport 1,428,745.41 153,179,129.32
Internal Service Funds
Fleet Operations 9,077,193.53
Workers' Compensation 24,385,656.57
Liability Risk (1,159,453.34)
Warehouse Services 756,289.43
Information Technology 43,219,970.86 10,160,284.67
Fiduciary Funds
AD & CFD Bond Funds 24,903,250.30
AB109 PACT 25,261.11
Successor Agency 28,996,655.38 4,068,143.97
Total All Funds $ 493,933,535.04
CITY OF CORONA
Cash Balance By Fund
December 31, 2022
Subject to final audit
DocuSign Envelope ID: E37468E2-DA34-4DAD-BEE7-35D0E635D95B
MARKET BOOK PERCENT OF
INVESTMENTS PAR VALUE VALUE VALUE PORTFOLIO
ABS 35,257,417.37 34,111,334.55 35,254,172.46 7.54%
Agency 67,045,000.00 62,242,354.70 67,511,672.40 14.45% CMO 17,007,811.84 16,494,487.30 17,271,582.53 3.70%
Pension Trust 631,641.50 30,225,637.30 30,297,233.48 6.48% Corporate 84,131,000.00 78,119,534.85 83,832,694.69 17.94% LAIF 122,174,075.47 122,174,075.47 122,174,075.47 26.15% Money Market Fund FI 1,286,143.75 1,286,143.75 1,286,143.75 0.28% Municipal Bonds 3,385,000.00 3,264,189.35 3,462,753.45 0.74% Negotiable CD 500,000.00 498,011.50 500,000.00 0.11%
Supranational 12,690,000.00 11,389,022.58 12,633,094.65 2.70% US Treasury 93,120,000.00 87,904,378.65 93,065,114.17 19.92% TOTAL PORTFOLIO $ 437,228,089.93 $ 447,709,170.00 $ 467,288,537.05 100.00% Subject to final audit
CITY OF CORONA
Investment Portfolio Report
December 31, 2022
DocuSign Envelope ID: E37468E2-DA34-4DAD-BEE7-35D0E635D95B