M E M O R A N D U M
February 21, 2024
TO: City Clerk
FROM: Kim Sitton
Finance Director
SUBJECT: Monthly Fiscal Report, December 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 December 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: 260672C1-45E1-4D4E-BCBC-6FF4376B0504
BEGINNING ENDING
DESCRIPTION BALANCE RECEIPTS DISBURSEMENTS BALANCE
Balance Per Bank - Bank of America $ 6,989,536.54 $ 53,424,916.95 $ 54,650,913.21 $ 5,763,540.28 Deposits in Transit 1,313,735.45 1,439,439.11 1,439,439.11 Outstanding Checks (4,260,835.42) 4,260,835.42 (3,734,893.47) Fiscal Agents 25,275,770.55 94,848.17
1,313,735.45
3,734,893.47
25,370,618.72
Investments .
Chandler Investment- City Account 470,800,137.18 45,586,742.94 44,165,553.82 472,221,326.30 Chandler Investment -Pension Trust Fund 32,977,565.84 254,175.01 33,231,740.85 LAIF 29,597,356.57 25,400,000.00 19,000,000.00 35,997,356.57 Investments Subtotal 533,375,059.59 71,240,917.95 63,165,553.82 541,450,423.72 Change Fund 10,248.00 10,248.00
Returned Checks (108.85) 38,986.03 36,002.00 2,875.18
Credit Card Reconciling Items- Fees (2,237.84) 2,237.84 2,128.56 (2,128.56) TOTAL $ 562,701,168.02 $ 130,502,181.47 $ 122,903,226.51 $ 570,300,122.98 * For informational purpose only
CITY OF CORONA
Receipts and Disbursements*
December 31, 2023
DocuSign Envelope ID: 260672C1-45E1-4D4E-BCBC-6FF4376B0504
ENDING DEPOSITS OUTSTANDING MISCELLANEOUS RECONCILED
ACCOUNTS BANK BAL IN TRANSIT CHECKS RECONCILING ITEMS BALANCES LAIF 35,997,356.57 $ $ 35,997,356.57
Chandler Investment- City Account 472,221,326.30 $ $ 472,221,326.30 Chandler Investment -Pension Trust Fund 33,231,740.85 $ $ 33,231,740.85 Investment Total 541,450,423.72 541,450,423.72
General Account - Bank of America 5,379,688.69 1,171,673.07 (3,583,275.84) 746.62 2,968,832.54 Worker's Comp Account - Bank of America 383,851.59 267,766.04 (151,617.63) 500,000.00 Fiscal Agent Accounts 25,370,618.72 25,370,618.72
Cashiers Change 10,248.00 10,248.00
BALANCE PER BOOKS OF CITY TREASURER
& FINANCE DIRECTOR $ 572,594,830.72 $ 1,439,439.11 $ (3,734,893.47) $ 746.62 $ 570,300,122.98 Subject to final audit
CITY OF CORONA
Cash and Investment Status Report
December 31, 2023
DocuSign Envelope ID: 260672C1-45E1-4D4E-BCBC-6FF4376B0504 General Fund $ 192,472,285.76
Special Revenue Funds
Gas Tax 11,099,291.67
Measure A 19,962,493.38
Trip Reduction 1,831,442.91
Asset Forfeiture 331,149.94
Development 31,904,156.70
Residential Refuse/Recycling 735,926.47
Landscape and Streetlight Maintenance 23,555,377.86
Other Grants and Endowments 117,538,007.35 28,118,168.42 Debt Service Funds
Public Financing Authority 4,974.54 4,974.54
Capital Project Funds
Housing/Community Development 400,373.46
Planned Local Drainage 316,519.69
Other Grants 17,113,030.11
Public Facility Project (3,875,769.61)
Corona Housing Authority 42,436,751.22 28,482,597.57
Enterprise Funds
Water Utility 48,582,809.69
Water Reclamation Utility 71,337,102.66
Transit 799,069.09
Electric Utility 21,928,985.10
Airport 1,785,434.79 144,433,401.33
Internal Service Funds
Fleet Operations 7,498,048.91
Workers' Compensation 23,704,522.64
Liability Risk (607,539.92)
Warehouse Services 1,022,428.59
Information Technology 43,820,613.98 12,203,153.76
Fiduciary Funds
AD & CFD Bond Funds 25,261,034.44
AB109 PACT -
Successor Agency 29,594,088.80 4,333,054.36
Total All Funds $ 570,300,122.98
Subject to final audit
CITY OF CORONA
Cash Balance By Fund
December 31, 2023
DocuSign Envelope ID: 260672C1-45E1-4D4E-BCBC-6FF4376B0504
MARKET BOOK PERCENT OF
INVESTMENTS PAR VALUE VALUE VALUE PORTFOLIO
ABS 22,612,598.05 22,360,684.11 22,609,156.73 4.18%
Agency 71,245,000.00 68,275,524.51 71,691,626.40 13.24% CMO 33,805,000.00 32,784,271.18 32,895,214.36 6.08%
Pension Trust 542,983.23 37,759,219.48 33,228,740.85 6.14% Corporate 95,311,000.00 92,112,789.60 94,501,544.24 17.45% LAIF 35,997,356.57 35,997,356.57 35,997,356.69 6.65%
Money Market Fund FI 363,352.38 363,352.38 363,352.38 0.07% Municipal Bonds 3,385,000.00 3,320,140.02 3,462,753.45 0.64% Supranational 12,690,000.00 11,795,461.47 12,633,094.65 2.33% US Treasury 237,945,000.00 231,897,000.67 234,067,583.97 43.23% TOTAL PORTFOLIO $ 513,897,290.23 536,665,799.99 $ 100.00% 541,450,423.72 Subject to final audit
CITY OF CORONA
Investment Portfolio Report
December 31, 2023
DocuSign Envelope ID: 260672C1-45E1-4D4E-BCBC-6FF4376B0504