M E M O R A N D U M
January 15, 2025
TO: City Clerk
FROM: Kim Sitton
Finance Director
SUBJECT: Monthly Fiscal Report, October 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 October 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: 081F3675-B37E-4111-89A7-A0C2FF08F651
BEGINNING ENDING
DESCRIPTION BALANCE RECEIPTS DISBURSEMENTS BALANCE
Balance Per Bank - Bank of America $ 2,297,153.77 $ 64,929,306.14 $ 63,848,571.88 $ 3,377,888.03 Deposits in Transit 1,373,495.54 1,002,250.91 1,373,495.54 1,002,250.91 Outstanding Checks (1,071,161.65) 1,071,161.65 1,734,739.97 (1,734,739.97) Fiscal Agents 22,348,296.64 31,677,794.17 275,010.66 53,751,080.15 Developer Escrow Accounts 1,736,590.18 1,736,590.18
Investments
Chandler Investment- City Account 460,234,032.25 33,756,097.05 48,155,594.98 445,834,534.32 Chandler Investment -Pension Trust Fund 39,946,948.16 25,119.10 39,972,067.26 LAIF 20,531,358.66 25,010,667.69 22,500,000.00 23,042,026.35 Investments Subtotal 520,712,339.07 58,791,883.84 70,655,594.98 508,848,627.93 Change Fund 10,248.00 10,248.00
Returned Checks 7,302.84 42,217.62 51,613.47 (2,093.01) Credit Card Reconciling Items- Fees (2,986.66) 2,986.66 2,565.45 (2,565.45) TOTAL $ 547,411,277.73 $ 157,517,600.99 $ 137,941,591.95 $ 566,987,286.77 * For informational purpose only
CITY OF CORONA
Receipts and Disbursements*
October 31, 2024
Docusign Envelope ID: 081F3675-B37E-4111-89A7-A0C2FF08F651
ENDING DEPOSITS OUTSTANDING MISCELLANEOUS RECONCILED
ACCOUNTS BANK BAL IN TRANSIT CHECKS RECONCILING ITEMS BALANCES LAIF 23,042,026.35 $ $ 23,042,026.35
Chandler Investment- City Account 445,834,534.32 $ $ 445,834,534.32 Chandler Investment -Pension Trust Fund 39,972,067.26 $ $ 39,972,067.26 Investment Total 508,848,627.93 508,848,627.93
General Account - Bank of America 3,045,790.51 720,696.20 (1,621,087.74) (4,658.46) 2,140,740.51 Worker's Comp Account - Bank of America 332,097.52 281,554.71 (113,652.23) 500,000.00 Fiscal Agent Accounts 53,751,080.15 53,751,080.15
Escrow Account 1,736,590.18 1,736,590.18
Cashiers Change 10,248.00 10,248.00
BALANCE PER BOOKS OF CITY TREASURER
& FINANCE DIRECTOR $ 567,724,434.29 $ 1,002,250.91 $ (1,734,739.97) $ (4,658.46) $ 566,987,286.77 Subject to final audit
CITY OF CORONA
Cash and Investment Status Report
October 31, 2024
Docusign Envelope ID: 081F3675-B37E-4111-89A7-A0C2FF08F651 General Fund $ 205,210,207.46
Special Revenue Funds
Gas Tax 12,475,051.35
Measure A 14,323,208.35
Trip Reduction 2,001,770.80
Asset Forfeiture 383,058.19
Development 33,446,705.84
Residential Refuse/Recycling (881,891.39)
Landscape and Streetlight Maintenance 26,235,978.29
Other Grants and Endowments 114,920,263.49 26,936,382.06 Debt Service Funds
Public Financing Authority 1,835,229.03 1,835,229.03
Capital Project Funds
Housing/Community Development (599,021.80)
Planned Local Drainage 864,166.56
Other Grants (4,621,582.55)
Public Facility Project (3,875,769.61)
Corona Housing Authority 21,481,096.31 29,713,303.71
Enterprise Funds
Water Utility 39,962,373.19
Water Reclamation Utility 62,973,722.45
Transit 1,063,930.14
Electric Utility 26,820,874.32
Airport 2,035,009.81 132,855,909.91
Internal Service Funds
Fleet Operations 2,081,669.36
Workers' Compensation 22,404,017.12
Liability Risk (656,292.02)
Warehouse Services 1,239,123.77
Information Technology 36,090,322.56 11,021,804.33
Fiduciary Funds
AD & CFD Bond Funds 48,746,435.76
AB109 PACT -
Successor Agency 54,594,258.01 5,847,822.25
Total All Funds $ 566,987,286.77
Subject to final audit
CITY OF CORONA
Cash Balance By Fund
October 31, 2024
Docusign Envelope ID: 081F3675-B37E-4111-89A7-A0C2FF08F651
MARKET BOOK PERCENT OF
INVESTMENTS PAR VALUE VALUE VALUE PORTFOLIO
ABS 47,085,000.00 40,241,643.53 39,970,431.61 7.86%
Agency 48,195,000.00 47,046,530.35 48,137,813.50 9.46%
CMO 54,755,000.00 52,331,320.99 51,956,460.46 10.21%
Pension Trust 829,455.26 49,148,365.16 39,972,067.26 7.86% Receivable (4,234,136.24) (4,234,136.24) (4,234,136.24) -0.83% Corporate 114,203,000.00 112,539,020.82 113,038,932.46 22.21% LAIF 23,042,026.35 23,042,026.35 23,042,026.35 4.53%
Money Market Fund FI 24,517,818.36 24,517,818.36 24,517,818.36 4.82% Municipal Bonds 4,395,000.00 4,427,171.40 4,418,161.65 0.87% Supranational 12,690,000.00 12,139,961.53 12,633,094.65 2.48% US Treasury 156,245,000.00 154,093,954.66 155,395,957.86 30.54% TOTAL PORTFOLIO $ 481,723,163.73 515,293,676.91 $ 100.00% 508,848,627.93 Subject to final audit
CITY OF CORONA
Investment Portfolio Report
October 31, 2024
Docusign Envelope ID: 081F3675-B37E-4111-89A7-A0C2FF08F651