M E M O R A N D U M
October 16, 2024
TO: City Clerk
FROM: Kim Sitton
Finance Director
SUBJECT: Monthly Fiscal Report, August 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 August 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: 83605C83-4DE5-4355-9C4D-2A6A2A6CF531
BEGINNING ENDING
DESCRIPTION BALANCE RECEIPTS DISBURSEMENTS BALANCE
Balance Per Bank - Bank of America $ 7,584,554.25 $ 60,791,305.14 $ 64,174,996.01 $ 4,200,863.38 Deposits in Transit 1,350,024.61 1,528,684.62 1,350,024.61 1,528,684.62 Outstanding Checks (1,585,530.62) 1,585,530.62 1,454,563.69 (1,454,563.69) Fiscal Agents 30,841,616.28 3,433,184.69 151,447.93 34,123,353.04 Investments
Chandler Investment- City Account 477,782,686.50 14,823,066.71 23,513,130.91 469,092,622.30 Chandler Investment -Pension Trust Fund 39,731,893.66 24,972.45 39,756,866.11 LAIF 20,231,358.66 21,700,000.00 23,400,000.00 18,531,358.66 Investments Subtotal 537,745,938.82 36,548,039.16 46,913,130.91 527,380,847.07 Change Fund 10,248.00 10,248.00
Returned Checks 368.61 88,709.99 89,078.60
Credit Card Reconciling Items- Fees (2,710.43) 2,710.43 2,523.27 (2,523.27) TOTAL $ 575,944,509.52 $ 103,978,164.65 $ 114,135,765.02 $ 565,786,909.15 * For informational purpose only
CITY OF CORONA
Receipts and Disbursements*
August 31, 2024
Docusign Envelope ID: 83605C83-4DE5-4355-9C4D-2A6A2A6CF531
ENDING DEPOSITS OUTSTANDING MISCELLANEOUS RECONCILED
ACCOUNTS BANK BAL IN TRANSIT CHECKS RECONCILING ITEMS BALANCES LAIF 18,531,358.66 $ $ 18,531,358.66
Chandler Investment- City Account 469,092,622.30 $ $ 469,092,622.30 Chandler Investment -Pension Trust Fund 39,756,866.11 $ $ 39,756,866.11 Investment Total 527,380,847.07 527,380,847.07
General Account - Bank of America 3,947,145.65 1,192,335.42 (1,364,496.76) (2,523.27) 3,772,461.04 Worker's Comp Account - Bank of America 253,717.73 336,349.20 (90,066.93) 500,000.00 Fiscal Agent Accounts 34,123,353.04 34,123,353.04
Cashiers Change 10,248.00 10,248.00
BALANCE PER BOOKS OF CITY TREASURER
& FINANCE DIRECTOR 565,715,311.49 $ 1,528,684.62 $ (1,454,563.69) $ (2,523.27) $ 565,786,909.15 $ Subject to final audit
CITY OF CORONA
Cash and Investment Status Report
August 31, 2024
Docusign Envelope ID: 83605C83-4DE5-4355-9C4D-2A6A2A6CF531 General Fund $ 209,325,599.47
Special Revenue Funds
Gas Tax 13,141,355.49
Measure A 16,085,442.94
Trip Reduction 1,949,845.08
Asset Forfeiture 384,409.27
Development 33,839,746.12
Residential Refuse/Recycling (132,308.46)
Landscape and Streetlight Maintenance 27,527,342.27
Other Grants and Endowments 120,610,142.84 27,814,310.13 Debt Service Funds
Public Financing Authority 960.72 960.72
Capital Project Funds
Housing/Community Development (93,028.50)
Planned Local Drainage 915,561.68
Other Grants (5,319,970.96)
Public Facility Project (3,875,769.61)
Corona Housing Authority 21,351,124.81 29,724,332.20
Enterprise Funds
Water Utility 45,013,367.15
Water Reclamation Utility 68,209,586.39
Transit 1,371,827.18
Electric Utility 24,608,321.34
Airport 1,996,521.49 141,199,623.55
Internal Service Funds
Fleet Operations 3,963,404.62
Workers' Compensation 22,584,926.49
Liability Risk (602,628.46)
Warehouse Services 1,150,347.41
Information Technology 36,553,527.10 9,457,477.04
Fiduciary Funds
AD & CFD Bond Funds 25,992,603.17
AB109 PACT -
Successor Agency 36,745,930.66 10,753,327.49
Total All Funds $ 565,786,909.15
Subject to final audit
CITY OF CORONA
Cash Balance By Fund
August 31, 2024
Docusign Envelope ID: 83605C83-4DE5-4355-9C4D-2A6A2A6CF531
MARKET BOOK PERCENT OF
INVESTMENTS PAR VALUE VALUE VALUE PORTFOLIO
ABS 44,755,000.00 38,908,777.83 38,537,202.42 7.31%
Agency 56,745,000.00 55,331,435.80 56,891,070.00 10.79% CMO 54,755,000.00 52,907,072.23 51,956,460.46 9.85%
Pension Trust 762,873.91 49,052,576.71 39,756,866.11 7.54% Receivable 716,947.21 716,947.21 716,947.21 0.14%
Corporate 114,153,000.00 113,319,130.55 112,895,188.10 21.41% LAIF 18,531,358.66 18,531,358.66 18,531,358.66 3.51%
Money Market Fund FI 27,398,364.22 27,398,364.22 27,398,364.22 5.20% Municipal Bonds 3,385,000.00 3,377,620.70 3,462,753.45 0.66% Supranational 12,690,000.00 12,094,242.07 12,633,094.65 2.40% US Treasury 165,495,000.00 165,032,120.86 164,601,541.79 31.21% TOTAL PORTFOLIO $ 499,387,544.00 536,669,646.84 $ 100.00% 527,380,847.07 Subject to final audit
CITY OF CORONA
Investment Portfolio Report
August 31, 2024
Docusign Envelope ID: 83605C83-4DE5-4355-9C4D-2A6A2A6CF531