M E M O R A N D U M
March 20, 2024
TO: City Clerk
FROM: Kim Sitton
Finance Director
SUBJECT: Monthly Fiscal Report, January 2024
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 2024, 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: 041A57A8-B45D-42D1-9B05-85E281FBA16A
BEGINNING ENDING
DESCRIPTION BALANCE RECEIPTS DISBURSEMENTS BALANCE
Balance Per Bank - Bank of America $ 5,763,540.28 $ 66,309,431.96 $ 63,008,064.48 $ 9,064,907.76 Deposits in Transit 1,439,439.11 1,697,596.72 1,697,596.72 Outstanding Checks (3,734,893.47) 3,734,893.47 (2,752,689.51) Fiscal Agents 25,370,618.72 121,842.95
1,439,439.11
2,752,689.51
25,492,461.67
Investments
Chandler Investment- City Account 472,224,326.30 29,272,605.85 28,659,087.29 472,837,844.86 Chandler Investment -Pension Trust Fund 33,228,740.85 176.40 33,228,917.25 LAIF 35,997,356.57 32,996,162.01 16,100,000.00 52,893,518.58 Investments Subtotal 541,450,423.72 62,268,944.26 44,759,087.29 558,960,280.69 Change Fund 10,248.00 10,248.00
Returned Checks 2,875.18 64,551.28 67,428.73 (2.27)
Credit Card Reconciling Items- Fees (2,128.56) 2,128.56 2,207.94 (2,207.94) TOTAL $ 570,300,122.98 $ 134,199,389.20 $ 112,028,917.06 $ 592,470,595.12 * For informational purpose only
January 31, 2024
CITY OF CORONA
Receipts and Disbursements*
DocuSign Envelope ID: 041A57A8-B45D-42D1-9B05-85E281FBA16A
ENDING DEPOSITS OUTSTANDING MISCELLANEOUS RECONCILED
ACCOUNTS BANK BAL IN TRANSIT CHECKS RECONCILING ITEMS BALANCES LAIF $ 52,893,518.58 $ 52,893,518.58
Chandler Investment- City Account $ 472,837,844.86 $ 472,837,844.86 Chandler Investment -Pension Trust Fund $ 33,228,917.25 $ 33,228,917.25 Investment Total 558,960,280.69 558,960,280.69
General Account - Bank of America 8,703,115.44 1,359,008.49 (2,552,308.96) (2,210.21) 7,507,604.76 Worker's Comp Account - Bank of America 361,792.32 338,588.23 (200,380.55) 500,000.00 Fiscal Agent Accounts 25,492,461.67 25,492,461.67
Cashiers Change 10,248.00 10,248.00
BALANCE PER BOOKS OF CITY TREASURER
& FINANCE DIRECTOR $ 593,527,898.12 $ 1,697,596.72 $ (2,752,689.51) $ (2,210.21) $ 592,470,595.12 Subject to final audit
CITY OF CORONA
Cash and Investment Status Report
January 31, 2024
DocuSign Envelope ID: 041A57A8-B45D-42D1-9B05-85E281FBA16A General Fund $ 202,477,610.15
Special Revenue Funds
Gas Tax 11,504,616.27
Measure A 20,828,771.41
Trip Reduction 1,831,023.09
Asset Forfeiture 337,875.74
Development 32,289,031.98
Residential Refuse/Recycling (36,297.12)
Landscape and Streetlight Maintenance 28,004,762.58
Other Grants and Endowments 28,353,727.21 123,113,511.16 Debt Service Funds
Public Financing Authority 4,996.64 4,996.64
Capital Project Funds
Housing/Community Development 375,536.05
Planned Local Drainage 269,334.24
Other Grants 14,358,696.03
Public Facility Project (3,875,769.61)
Corona Housing Authority 28,473,974.48 39,601,771.19
Enterprise Funds
Water Utility 50,375,544.16
Water Reclamation Utility 72,631,279.10
Transit 883,851.69
Electric Utility 22,454,306.22
Airport 1,801,710.62 148,146,691.79
Internal Service Funds
Fleet Operations 7,117,734.43
Workers' Compensation 23,621,519.97
Liability Risk (609,267.19)
Warehouse Services 1,006,206.03
Information Technology 10,822,117.46 41,958,310.70
Fiduciary Funds
AD & CFD Bond Funds 29,084,950.79
AB109 PACT -
Successor Agency 8,082,752.70 37,167,703.49
Total All Funds $ 592,470,595.12
Subject to final audit
CITY OF CORONA
Cash Balance By Fund
January 31, 2024
DocuSign Envelope ID: 041A57A8-B45D-42D1-9B05-85E281FBA16A
MARKET BOOK PERCENT OF
INVESTMENTS PAR VALUE VALUE VALUE PORTFOLIO
ABS 32,255,000.01 19,666,657.39 19,864,453.55 3.55%
Agency 71,245,000.00 68,490,782.46 71,691,626.40 12.83% CMO 33,805,000.00 32,818,533.72 32,895,214.36 5.89%
Pension Trust 543,159.63 37,424,024.23 33,228,917.25 5.94% Receivable 139,437.36 278,874.72 139,437.36 0.02%
Corporate 94,536,000.00 91,493,095.64 93,544,281.75 16.74% LAIF 52,893,518.58 52,893,518.58 52,893,518.58 9.46%
Money Market Fund FI 479,477.50 479,477.50 479,477.50 0.09% Municipal Bonds 3,385,000.00 3,326,134.85 3,462,753.45 0.62% Supranational 12,690,000.00 11,829,245.49 12,633,094.65 2.26% US Treasury 241,945,000.00 238,049,127.44 238,127,505.84 42.60% TOTAL PORTFOLIO $ 543,916,593.08 556,749,472.02 $ 558,960,280.69 100.00% Subject to final audit
CITY OF CORONA
Investment Portfolio Report
January 31, 2024
DocuSign Envelope ID: 041A57A8-B45D-42D1-9B05-85E281FBA16A