M E M O R A N D U M
January 3, 2024
TO: City Clerk
FROM: Kim Sitton
Finance Director
SUBJECT: Monthly Fiscal Report, October 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 October 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: 02E4E591-E942-4FED-BEFC-5655649800A1
BEGINNING ENDING
DESCRIPTION BALANCE RECEIPTS DISBURSEMENTS BALANCE
Balance Per Bank - Bank of America $ 3,732,253.84 $ 44,157,541.55 $ 42,261,663.24 $ 5,628,132.15 Deposits in Transit 1,003,558.31 1,738,425.69 1,003,558.31 1,738,425.69 Outstanding Checks (1,928,785.95) 1,928,785.95 2,576,418.24 (2,576,418.24) Fiscal Agents 26,201,755.29 4,332,112.94 8,878.74 30,524,989.49 Investments
Chandler Investment- City Account 469,018,531.68 66,170,653.98 64,775,294.04 470,413,891.62 Chandler Investment -Pension Trust Fund 32,844,418.70 115,682.68 32,960,101.38 LAIF 36,126,879.61 10,050,000.00 17,550,000.00 28,626,879.61 Investments Subtotal 537,989,829.99 76,336,336.66 82,325,294.04 532,000,872.61 Change Fund 10,248.00 10,248.00
Returned Checks 1,838.05 32,235.90 30,161.04 3,912.91
Credit Card Reconciling Items- Fees (2,437.45) 2,437.45 2,376.25 (2,376.25) TOTAL $ 567,008,260.08 $ 128,527,876.14 $ 128,208,349.86 $ 567,327,786.36 * For informational purpose only
October 31, 2023
CITY OF CORONA
Receipts and Disbursements*
DocuSign Envelope ID: 02E4E591-E942-4FED-BEFC-5655649800A1
ENDING DEPOSITS OUTSTANDING MISCELLANEOUS RECONCILED
ACCOUNTS BANK BAL IN TRANSIT CHECKS RECONCILING ITEMS BALANCES LAIF 28,626,879.61 $ $ 28,626,879.61
Chandler Investment- City Account 470,413,891.62 $ $ 470,413,891.62 Chandler Investment -Pension Trust Fund 32,960,101.38 $ $ 32,960,101.38 Investment Total 532,000,872.61 532,000,872.61
General Account - Bank of America 5,249,930.43 1,472,502.98 (2,432,293.81) 1,536.66 4,291,676.26 Worker's Comp Account - Bank of America 378,201.72 265,922.71 (144,124.43) 500,000.00 Fiscal Agent Accounts 30,524,989.49 30,524,989.49
Cashiers Change 10,248.00 10,248.00
BALANCE PER BOOKS OF CITY TREASURER
& FINANCE DIRECTOR $ 568,164,242.25 $ 1,738,425.69 $ (2,576,418.24) $ 1,536.66 $ 567,327,786.36 Subject to final audit
CITY OF CORONA
Cash and Investment Status Report
October 31, 2023
DocuSign Envelope ID: 02E4E591-E942-4FED-BEFC-5655649800A1 General Fund $ 185,604,585.01
Special Revenue Funds
Gas Tax 11,180,528.93
Measure A 19,446,589.95
Trip Reduction 1,777,134.79
Asset Forfeiture 341,619.48
Development 30,664,841.81
Residential Refuse/Recycling 916,197.82
Landscape and Streetlight Maintenance 24,297,612.68
Other Grants and Endowments 28,999,681.47 117,624,206.93 Debt Service Funds
Public Financing Authority 1,809,744.88 1,809,744.88
Capital Project Funds
Housing/Community Development 445,397.97
Planned Local Drainage 452,566.29
Other Grants 17,436,666.67
Public Facility Project (3,875,769.61)
Corona Housing Authority 42,671,399.25 28,212,537.93
Enterprise Funds
Water Utility 49,668,497.47
Water Reclamation Utility 75,281,627.22
Transit 506,048.64
Electric Utility 20,962,794.53
Airport 1,710,076.95 148,129,044.81
Internal Service Funds
Fleet Operations 5,403,975.27
Workers' Compensation 24,084,665.97
Liability Risk (554,943.39)
Warehouse Services 935,468.44
Information Technology 40,405,711.27 10,536,544.98
Fiduciary Funds
AD & CFD Bond Funds 25,069,961.63
AB109 PACT -
Successor Agency 31,083,094.21 6,013,132.58
Total All Funds $ 567,327,786.36
Subject to final audit
CITY OF CORONA
Cash Balance By Fund
October 31, 2023
DocuSign Envelope ID: 02E4E591-E942-4FED-BEFC-5655649800A1
MARKET BOOK PERCENT OF
INVESTMENTS PAR VALUE VALUE VALUE PORTFOLIO
ABS 26,225,355.31 25,661,220.66 26,221,552.98 4.93%
Agency 71,245,000.00 67,087,788.46 71,691,626.40 13.48% CMO 31,305,000.00 29,190,467.36 30,483,886.23 5.73%
Pension Trust 927,180.54 32,794,606.99 32,960,101.38 6.20% Corporate 96,176,000.00 89,986,123.50 95,480,879.39 17.95% LAIF 28,997,356.57 28,997,356.57 28,997,356.69 5.45%
Money Market Fund FI 51,089,503.95 51,089,503.95 51,089,503.95 9.60% Municipal Bonds 3,385,000.00 3,287,691.41 3,462,753.45 0.65% Supranational 12,690,000.00 11,523,650.31 12,633,094.65 2.37% US Treasury 181,570,000.00 173,877,181.87 178,980,117.49 33.64% TOTAL PORTFOLIO $ 503,610,396.37 $ 513,495,591.08 $ 532,000,872.61 100.00% Subject to final audit
CITY OF CORONA
Investment Portfolio Report
October 31, 2023
DocuSign Envelope ID: 02E4E591-E942-4FED-BEFC-5655649800A1