M E M O R A N D U M
September 18, 2024
TO: City Clerk
FROM: Kim Sitton
Finance Director
SUBJECT: Monthly Fiscal Report, July 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 July 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: 36713A54-DB85-4B6C-98BB-ABE0383FB1D9
BEGINNING ENDING
DESCRIPTION BALANCE RECEIPTS DISBURSEMENTS BALANCE
Balance Per Bank - Bank of America $ 5,114,305.82 $ 62,151,210.29 $ 59,680,961.86 $ 7,584,554.25 Deposits in Transit 2,488,877.52 2,907,170.83 2,488,877.52 2,907,170.83 Outstanding Checks (1,865,041.06) 1,865,041.06 1,585,530.62 (1,585,530.62) Fiscal Agents 30,699,243.00 605,303.44 462,930.16 30,841,616.28 Investments
Chandler Investment- City Account 476,887,325.54 79,297,321.90 78,401,960.94 477,782,686.50 Chandler Investment -Pension Trust Fund 39,707,142.18 24,751.48 39,731,893.66 LAIF 38,322,134.61 15,809,224.05 33,900,000.00 20,231,358.66 Investments Subtotal 554,916,602.33 95,131,297.43 112,301,960.94 537,745,938.82 Change Fund 10,248.00 10,248.00
Returned Checks 1,345.99 30,931.56 31,908.94 368.61
Credit Card Reconciling Items- Fees (2,270.24) 2,270.24 2,710.43 (2,710.43) TOTAL $ 591,363,311.36 $ 162,693,224.85 $ 176,554,880.47 $ 577,501,655.74 * For informational purpose only
July 31, 2024
CITY OF CORONA
Receipts and Disbursements*
Docusign Envelope ID: 36713A54-DB85-4B6C-98BB-ABE0383FB1D9
ENDING DEPOSITS OUTSTANDING MISCELLANEOUS RECONCILED
ACCOUNTS BANK BAL IN TRANSIT CHECKS RECONCILING ITEMS BALANCES LAIF $ 20,231,358.66 $ 20,231,358.66
Chandler Investment- City Account $ 477,782,686.50 $ 477,782,686.50 Chandler Investment -Pension Trust Fund $ 39,731,893.66 $ 39,731,893.66 Investment Total 537,745,938.82 537,745,938.82
General Account - Bank of America 7,195,794.18 2,700,429.03 (1,490,028.75) (2,341.82) 8,403,852.64 Worker's Comp Account - Bank of America 388,760.07 206,741.80 (95,501.87) 500,000.00 Fiscal Agent Accounts 30,841,616.28 30,841,616.28
Cashiers Change 10,248.00 10,248.00
BALANCE PER BOOKS OF CITY TREASURER
& FINANCE DIRECTOR $ 576,182,357.35 $ 2,907,170.83 $ (1,585,530.62) $ (2,341.82) $ 577,501,655.74 Subject to final audit
CITY OF CORONA
Cash and Investment Status Report
July 31, 2024
Docusign Envelope ID: 36713A54-DB85-4B6C-98BB-ABE0383FB1D9 General Fund $ 215,648,952.95
Special Revenue Funds
Gas Tax 12,949,813.25
Measure A 15,676,394.83
Trip Reduction 1,950,952.06
Asset Forfeiture 338,874.03
Development 35,114,879.37
Residential Refuse/Recycling (623,251.40)
Landscape and Streetlight Maintenance 27,925,560.03
Other Grants and Endowments 29,261,646.94 122,594,869.11 Debt Service Funds
Public Financing Authority 956.43 956.43
Capital Project Funds
Housing/Community Development 109,478.96
Planned Local Drainage 981,589.24
Other Grants (685,153.61)
Public Facility Project (3,875,769.61)
Corona Housing Authority 29,718,920.41 26,249,065.39
Enterprise Funds
Water Utility 46,215,218.48
Water Reclamation Utility 69,530,032.15
Transit 1,321,672.91
Electric Utility 23,971,095.43
Airport 2,001,546.13 143,039,565.10
Internal Service Funds
Fleet Operations 4,345,788.16
Workers' Compensation 22,536,136.27
Liability Risk (5,672,441.58)
Warehouse Services 1,135,413.86
Information Technology 11,064,687.60 33,409,584.31
Fiduciary Funds
AD & CFD Bond Funds 25,826,432.07
AB109 PACT -
Successor Agency 10,732,230.38 36,558,662.45
Total All Funds 577,501,655.74 $
Subject to final audit
CITY OF CORONA
Cash Balance By Fund
July 31, 2024
Docusign Envelope ID: 36713A54-DB85-4B6C-98BB-ABE0383FB1D9
MARKET BOOK PERCENT OF
INVESTMENTS PAR VALUE VALUE VALUE PORTFOLIO
ABS 44,755,000.00 39,214,610.62 39,031,307.20 7.26%
Agency 56,745,000.00 55,024,354.03 56,891,070.00 10.58% CMO 54,755,000.00 52,372,516.37 51,956,460.46 9.66%
Pension Trust 737,901.46 48,212,179.36 39,731,893.66 7.39% Receivable 192,461.36 192,461.36 192,461.36 0.04%
Corporate 110,043,000.00 108,168,407.26 108,716,920.52 20.22% LAIF 20,231,358.66 20,231,358.66 20,231,358.66 3.76%
Money Market Fund FI 35,156,842.69 35,156,842.69 35,156,842.69 6.54% Municipal Bonds 3,385,000.00 3,369,327.45 3,462,753.45 0.64% Supranational 12,690,000.00 12,007,618.42 12,633,094.65 2.35% US Treasury 170,495,000.00 168,843,212.55 169,741,776.17 31.57% TOTAL PORTFOLIO $ 509,186,564.17 542,792,888.77 $ 537,745,938.82 100.00% Subject to final audit
CITY OF CORONA
Investment Portfolio Report
July 31, 2024
Docusign Envelope ID: 36713A54-DB85-4B6C-98BB-ABE0383FB1D9