M E M O R A N D U M
October 4, 2023
TO: City Clerk
FROM: Kim Sitton
Finance Director
SUBJECT: Monthly Fiscal Report, July 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 July 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: 3348F57D-9410-4B6D-84F6-220281BE844B
BEGINNING ENDING
DESCRIPTION BALANCE RECEIPTS DISBURSEMENTS BALANCE
Balance Per Bank - Bank of America 5,071,103.84 $ 46,442,467.41 $ 47,715,877.62 $ 3,797,693.63 $ Deposits in Transit 533,988.59 1,870,840.33 533,988.59 1,870,840.33 Outstanding Checks (3,139,900.41) 3,139,900.41 2,551,026.63 (2,551,026.63) Fiscal Agents 13,094,669.00 183,086.69 0.00 13,277,755.69 Investments
Chandler Investment- City Account 466,964,652.42 108,959,696.42 107,972,609.04 467,951,739.80 Chandler Investment -Pension Trust Fund 32,721,061.35 45,032.58 32,766,093.93 LAIF 46,959,460.43 20,017,419.25 17,200,000.00 49,776,879.68 Investments Subtotal 546,645,174.20 129,022,148.25 125,172,609.04 550,494,713.41 Change Fund 10,248.00 0.00 0.00 10,248.00
Returned Checks 12,865.17 33,232.86 34,749.52 11,348.51 Credit Card Reconciling Items- Fees (2,033.39) 2,033.39 2,220.87 (2,220.87) TOTAL $ 180,693,709.34 562,226,115.00 $ 176,010,472.27 $ 566,909,352.07 $ * For informational purpose only
July 31, 2023
CITY OF CORONA
Receipts and Disbursements*
DocuSign Envelope ID: 3348F57D-9410-4B6D-84F6-220281BE844B
ENDING DEPOSITS OUTSTANDING MISCELLANEOUS RECONCILED
ACCOUNTS BANK BAL IN TRANSIT CHECKS RECONCILING ITEMS BALANCES LAIF 49,776,879.68 $ 49,776,879.68 $
Chandler Investment- City Account 467,951,739.80 $ 467,951,739.80 $ Chandler Investment -Pension Trust Fund 32,766,093.93 $ 32,766,093.93 $ Investment Total 550,494,713.41 550,494,713.41
General Account - Bank of America 3,416,062.44 1,670,802.19 (2,469,357.30) 9,127.64 2,626,634.97 Worker's Comp Account - Bank of America 381,631.19 200,038.14 (81,669.33) 500,000.00 Fiscal Agent Accounts 13,277,755.69 13,277,755.69
Cashiers Change 10,248.00 10,248.00
BALANCE PER BOOKS OF CITY TREASURER
& FINANCE DIRECTOR 567,580,410.73 $ 1,870,840.33 $ (2,551,026.63) $ 9,127.64 $ 566,909,352.07 $ Subject to final audit
CITY OF CORONA
Cash and Investment Status Report
July 31, 2023
DocuSign Envelope ID: 3348F57D-9410-4B6D-84F6-220281BE844B General Fund $ 168,103,204.58
Special Revenue Funds
Gas Tax 9,528,570.70
Measure A 18,184,597.03
Trip Reduction 1,780,389.30
Asset Forfeiture 355,960.26
Development 30,336,755.15
Residential Refuse/Recycling (286,424.03)
Landscape and Streetlight Maintenance 26,134,404.30
Other Grants and Endowments 29,158,801.15 115,193,053.86 Debt Service Funds
Public Financing Authority 19.73 19.73
Capital Project Funds
Housing/Community Development 239,610.70
Planned Local Drainage 546,451.18
Other Grants 22,385,531.74
Public Facility Project (3,875,769.60)
Corona Housing Authority 28,189,316.64 47,485,140.66
Enterprise Funds
Water Utility 55,459,547.21
Water Reclamation Utility 77,538,147.69
Transit 361,519.14
Electric Utility 18,999,986.69
Airport 1,613,707.30 153,972,908.03
Internal Service Funds
Fleet Operations 6,543,355.00
Workers' Compensation 24,272,776.98
Liability Risk (444,861.74)
Warehouse Services 848,713.83
Information Technology 10,614,288.22 41,834,272.29
Fiduciary Funds
AD & CFD Bond Funds 30,347,498.94
AB109 PACT -
Successor Agency 9,973,253.98 40,320,752.92
Total All Funds 566,909,352.07 $
Subject to final audit
CITY OF CORONA
Cash Balance By Fund
July 31, 2023
DocuSign Envelope ID: 3348F57D-9410-4B6D-84F6-220281BE844B
MARKET BOOK PERCENT OF
INVESTMENTS PAR VALUE VALUE VALUE PORTFOLIO
ABS 27,747,805.53 27,068,773.08 27,744,478.19 5.04%
Agency 68,245,000.00 63,899,581.30 68,760,266.40 12.49% CMO 29,002,407.94 27,579,221.05 28,346,566.25 5.15%
Pension Trust 733,173.09 36,456,720.79 32,766,093.93 5.95% Corporate 94,796,000.00 89,405,859.26 94,342,480.39 17.14% LAIF 49,776,879.61 49,776,879.61 49,776,879.73 9.04%
Money Market Fund FI 764,928.42 764,928.42 764,928.42 0.14% Municipal Bonds 3,385,000.00 3,267,323.86 3,462,753.45 0.63% Supranational 12,690,000.00 11,502,994.51 12,633,094.65 2.29% US Treasury 234,320,000.00 227,153,376.49 231,897,172.00 42.13% TOTAL PORTFOLIO $ 536,875,658.37 521,461,194.59 $ 550,494,713.41 $ 100.00% Average Daily Balance
Subject to final audit
CITY OF CORONA
Investment Portfolio Report
July 31, 2023
DocuSign Envelope ID: 3348F57D-9410-4B6D-84F6-220281BE844B