M E M O R A N D U M
April 17, 2024
TO: City Clerk
FROM: Kim Sitton
Finance Director
SUBJECT: Monthly Fiscal Report, February 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 February 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: 67FE7B87-3823-4F7C-A66A-D09E4CD8EB8F
BEGINNING ENDING
DESCRIPTION BALANCE RECEIPTS DISBURSEMENTS BALANCE
Balance Per Bank - Bank of America $ 9,064,907.76 $ 72,855,089.51 $ 73,750,760.48 $ 8,169,236.79 Deposits in Transit 909,572.14 2,234,012.74 2,234,012.74 Outstanding Checks (2,752,689.51) 2,752,689.51 (3,709,871.62) Fiscal Agents 25,492,461.67 10,565,854.99
909,572.14
3,709,871.62
36,058,316.66
Investments
Chandler Investment- City Account 472,837,844.86 52,145,177.06 50,866,476.51 474,116,545.41 Chandler Investment -Pension Trust Fund 33,228,917.25 6,068,150.81 39,297,068.06 LAIF 52,893,518.58 25,400,000.00 37,700,000.00 40,593,518.58 Investments Subtotal 558,960,280.69 83,613,327.87 88,566,476.51 554,007,132.05 Change Fund 10,248.00 10,248.00
Returned Checks (2.27) 28,491.83 20,261.44 8,228.12
Credit Card Reconciling Items- Fees (2,207.94) 2,207.94 2,245.68 (2,245.68) TOTAL $ 591,682,570.54 $ 172,051,674.39 $ 166,959,187.87 $ 596,775,057.06 * For informational purpose only
CITY OF CORONA
Receipts and Disbursements*
February 29, 2024
DocuSign Envelope ID: 67FE7B87-3823-4F7C-A66A-D09E4CD8EB8F
ENDING DEPOSITS OUTSTANDING MISCELLANEOUS RECONCILED
ACCOUNTS BANK BAL IN TRANSIT CHECKS RECONCILING ITEMS BALANCES LAIF 40,593,518.58 $ $ 40,593,518.58
Chandler Investment- City Account 474,116,545.41 $ $ 474,116,545.41 Chandler Investment -Pension Trust Fund 39,297,068.06 $ $ 39,297,068.06 Investment Total 554,007,132.05 554,007,132.05
General Account - Bank of America 7,732,881.64 2,094,870.71 (3,634,374.44) 5,982.44 6,199,360.35 Worker's Comp Account - Bank of America 436,355.15 139,142.03 (75,497.18) 500,000.00 Fiscal Agent Accounts 36,058,316.66 36,058,316.66
Cashiers Change 10,248.00 10,248.00
BALANCE PER BOOKS OF CITY TREASURER
& FINANCE DIRECTOR $ 598,244,933.50 $ 2,234,012.74 $ (3,709,871.62) $ 5,982.44 $ 596,775,057.06 Subject to final audit
CITY OF CORONA
Cash and Investment Status Report
February 29, 2024
DocuSign Envelope ID: 67FE7B87-3823-4F7C-A66A-D09E4CD8EB8F General Fund $ 212,208,542.76
Special Revenue Funds
Gas Tax 11,927,665.23
Measure A 20,819,458.14
Trip Reduction 1,878,757.64
Asset Forfeiture 336,473.76
Development 32,497,729.90
Residential Refuse/Recycling (199,675.49)
Landscape and Streetlight Maintenance 27,800,118.44
Other Grants and Endowments 123,924,970.36 28,864,442.74 Debt Service Funds
Public Financing Authority 5,018.74 5,018.74
Capital Project Funds
Housing/Community Development 341,972.44
Planned Local Drainage 211,625.89
Other Grants 10,263,114.98
Public Facility Project (3,875,769.61)
Corona Housing Authority 35,440,659.10 28,499,715.40
Enterprise Funds
Water Utility 50,572,119.98
Water Reclamation Utility 72,092,260.62
Transit 752,082.90
Electric Utility 22,717,687.23
Airport 1,838,123.61 147,972,274.34
Internal Service Funds
Fleet Operations 6,817,131.87
Workers' Compensation 23,467,699.58
Liability Risk (649,929.00)
Warehouse Services 991,159.68
Information Technology 39,895,260.96 9,269,198.83
Fiduciary Funds
AD & CFD Bond Funds 29,240,046.72
AB109 PACT
Successor Agency
8,088,284.08 37,328,330.80
Total All Funds $ 596,775,057.06
Subject to final audit
CITY OF CORONA
Cash Balance By Fund
February 29, 2024
DocuSign Envelope ID: 67FE7B87-3823-4F7C-A66A-D09E4CD8EB8F
MARKET BOOK PERCENT OF
INVESTMENTS PAR VALUE VALUE VALUE PORTFOLIO
ABS 35,690,000.01 21,428,824.44 21,658,914.80 3.91%
Agency 71,245,000.00 68,325,762.12 71,691,626.40 12.94% CMO 33,805,000.00 32,436,113.37 32,895,214.36 5.94%
Pension Trust 781,973.16 44,942,610.61 39,297,068.06 7.09% Receivable 167,460.33 167,460.33 167,460.33 0.03%
Corporate 101,856,000.00 98,013,476.90 100,843,972.65 18.20% LAIF 40,593,518.58 40,593,518.58 40,593,518.58 7.33%
Money Market Fund FI 677,238.74 677,238.74 677,238.74 0.12% Municipal Bonds 3,385,000.00 3,328,030.45 3,462,753.45 0.63% Supranational 12,690,000.00 11,774,232.04 12,633,094.65 2.28% US Treasury 233,445,000.00 228,695,750.47 230,086,270.03 41.53% TOTAL PORTFOLIO $ 534,336,190.82 550,383,018.06 $ 100.00% 554,007,132.05 Subject to final audit
CITY OF CORONA
Investment Portfolio Report
February 29, 2024
DocuSign Envelope ID: 67FE7B87-3823-4F7C-A66A-D09E4CD8EB8F