M E M O R A N D U M
March 15, 2023
TO: City Clerk
FROM: Kim Sitton
Finance Director
SUBJECT: Monthly Fiscal Report, January 2023
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 January 2023, 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: 793FBADD-6609-4986-B52F-2ED32E8DBAF3
BEGINNING ENDING
DESCRIPTION BALANCE RECEIPTS DISBURSEMENTS BALANCE
Balance Per Bank - Bank of America $ 4,757,989.11 $ 56,100,377.07 $ 55,035,510.42 $ 5,822,855.76 Deposits in Transit 374,619.59 834,805.91 834,805.91
Outstanding Checks (2,707,291.16) 2,707,291.16 (3,859,469.66) Fiscal Agents 24,208,117.91 69,762.35
374,619.59
3,859,469.66
24,277,880.26
Investments
Chandler Investment- City Account 314,817,228.10 8,980,940.50 8,674,483.98 315,123,684.62 Chandler Investment -Pension Trust Fund 30,297,233.48 114.73 30,297,348.21 LAIF 122,174,075.47 32,488,648.24 8,600,000.00 146,062,723.71 Investments Subtotal 467,288,537.05 41,469,703.47 17,274,483.98 491,483,756.54 Change Fund 10,248.00 0.00 0.00 10,248.00
Returned Checks 3,974.37 42,247.43 26,423.77 19,798.03
Credit Card Reconciling Items- Fees (2,659.83) 2,659.83 2,787.55 (2,787.55) TOTAL $ 493,933,535.04 $ 101,226,847.22 $ 76,573,294.97 $ 518,587,087.29 * For informational purpose only
Subject to final audit
CITY OF CORONA
Receipts and Disbursements*
January 31, 2023
DocuSign Envelope ID: 793FBADD-6609-4986-B52F-2ED32E8DBAF3
ENDING DEPOSITS OUTSTANDING MISCELLANEOUS RECONCILED
ACCOUNTS BANK BAL IN TRANSIT CHECKS RECONCILING ITEMS BALANCES LAIF $ 146,062,723.71 $ 146,062,723.71
Chandler Investment- City Account $ 315,123,684.62 $ 315,123,684.62 Chandler Investment -Pension Trust Fund $ 30,297,348.21 $ 30,297,348.21 Investment Total 491,483,756.54 491,483,756.54
General Account - Bank of America 5,371,994.67 688,257.14 (3,762,059.80) 17,010.48 2,315,202.49 Worker's Comp Account - Bank of America 450,861.09 146,548.77 (97,409.86) 500,000.00 Fiscal Agent Accounts 24,277,880.26 24,277,880.26
Cashiers Change 10,248.00 10,248.00
BALANCE PER BOOKS OF CITY TREASURER
& FINANCE DIRECTOR $ 521,594,740.56 $ 834,805.91 $ (3,859,469.66) $ 17,010.48 $ 518,587,087.29
CITY OF CORONA
Cash and Investment Status Report
January 31, 2023
Subject to final audit
DocuSign Envelope ID: 793FBADD-6609-4986-B52F-2ED32E8DBAF3 General Fund $ 152,009,166.99
Special Revenue Funds
Gas Tax 8,567,294.92
Measure A 20,461,815.84
Trip Reduction 1,621,305.45
Asset Forfeiture 340,998.97
Development 28,824,952.30
Residential Refuse/Recycling 887,053.76
Landscape and Streetlight Maintenance 26,581,461.95
Other Grants and Endowments 29,305,093.21 116,589,976.40 Debt Service Funds
Public Financing Authority 2,518.39 2,518.39
Capital Project Funds
Housing/Community Development 359,864.68
Planned Local Drainage 387,798.25
Other Grants (8,725,380.28)
Public Facility Project (4,273,280.03)
Corona Housing Authority 28,045,383.49 15,794,386.11
Enterprise Funds
Water Utility 48,460,990.80
Water Reclamation Utility 78,145,990.94
Transit 776,613.77
Electric Utility 26,382,145.55
Airport 1,469,514.49 155,235,255.55
Internal Service Funds
Fleet Operations 9,058,878.45
Workers' Compensation 24,361,605.50
Liability Risk (1,194,279.92)
Warehouse Services 739,169.66
Information Technology 9,642,058.02 42,607,431.71
Fiduciary Funds
AD & CFD Bond Funds 28,696,312.67
AB109 PACT 25,286.58
Successor Agency 7,626,752.89 36,348,352.14
Total All Funds $ 518,587,087.29
CITY OF CORONA
Cash Balance By Fund
January 31, 2023
Subject to final audit
DocuSign Envelope ID: 793FBADD-6609-4986-B52F-2ED32E8DBAF3
MARKET BOOK PERCENT OF
INVESTMENTS PAR VALUE VALUE VALUE PORTFOLIO
ABS 33,922,928.92 32,889,374.14 33,919,698.56 6.90%
Agency 64,745,000.00 60,425,243.57 65,211,511.40 13.27% CMO 17,002,383.21 16,613,559.49 17,266,081.24 3.51%
Pension Trust 631,756.23 32,486,050.83 30,297,348.21 6.16% Corporate 86,581,000.00 81,465,188.91 86,320,400.19 17.56% LAIF 146,062,723.71 146,062,723.71 146,062,723.71 29.72% Money Market Fund FI 210,460.65 210,460.65 210,460.65 0.04% Municipal Bonds 3,385,000.00 3,282,299.10 3,462,753.45 0.70% Negotiable CD 500,000.00 499,383.50 500,000.00 0.10%
Supranational 12,690,000.00 11,529,654.30 12,633,094.65 2.57% US Treasury 95,620,000.00 91,211,899.11 95,599,684.48 19.45% TOTAL PORTFOLIO $ 461,351,252.72 $ 476,675,837.31 $ 491,483,756.54 100.00%
CITY OF CORONA
Investment Portfolio Report
January 31, 2023
Subject to final audit
DocuSign Envelope ID: 793FBADD-6609-4986-B52F-2ED32E8DBAF3