M E M O R A N D U M
February 19, 2025
TO: City Clerk
FROM: Kim Sitton
Finance Director
SUBJECT: Monthly Fiscal Report, December 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 December 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: 66494BBA-3109-46FA-8C81-3EACAB8AC963
BEGINNING ENDING
DESCRIPTION BALANCE RECEIPTS DISBURSEMENTS BALANCE
Balance Per Bank - Bank of America $ 4,177,668.11 $ 96,355,142.99 $ 90,528,628.40 $ 10,004,182.70 Deposits in Transit 926,089.61 1,464,557.95 926,089.61 1,464,557.95 Outstanding Checks (1,987,499.09) 1,987,499.09 2,181,934.92 (2,181,934.92) Fiscal Agents 48,596,998.33 174,900.63 3,908,129.77 44,863,769.19 Developer Escrow Accounts 1,736,590.18 108,435.82 1,845,026.00 Investments
Chandler Investment- City Account 447,115,650.64 16,461,383.36 35,202,568.21 428,374,465.79 Chandler Investment -Pension Trust Fund 39,997,834.24 615,484.04 40,613,318.28 LAIF 26,242,026.35 41,800,000.00 36,600,000.00 31,442,026.35 Investments Subtotal 513,355,511.23 58,876,867.40 71,802,568.21 500,429,810.42 Change Fund 10,248.00 10,248.00
Returned Checks 924.67 37,233.39 19,479.67 18,678.39
Credit Card Reconciling Items- Fees (2,314.59) 2,314.59 2,235.47 (2,235.47) TOTAL $ 566,814,216.45 $ 159,006,951.86 $ 169,369,066.05 $ 556,452,102.26 * For informational purpose only
December 31, 2024
CITY OF CORONA
Receipts and Disbursements*
Docusign Envelope ID: 66494BBA-3109-46FA-8C81-3EACAB8AC963
ENDING DEPOSITS OUTSTANDING MISCELLANEOUS RECONCILED
ACCOUNTS BANK BAL IN TRANSIT CHECKS RECONCILING ITEMS BALANCES LAIF $ 31,442,026.35 $ 31,442,026.35
Chandler Investment- City Account $ 428,374,465.79 $ 428,374,465.79 Chandler Investment -Pension Trust Fund $ 40,613,318.28 $ 40,613,318.28 Investment Total 500,429,810.42 500,429,810.42
General Account - Bank of America 9,637,355.62 1,178,337.25 (2,028,887.14) 16,442.92 8,803,248.65 Worker's Comp Account - Bank of America 366,827.08 286,220.70 (153,047.78) 500,000.00 Fiscal Agent Accounts 44,863,769.19 44,863,769.19
Escrow Account 1,736,590.18 108,435.82 1,845,026.00
Cashiers Change 10,248.00 10,248.00
BALANCE PER BOOKS OF CITY TREASURER
& FINANCE DIRECTOR $ 557,044,600.49 $ 1,572,993.77 $ (2,181,934.92) $ 16,442.92 $ 556,452,102.26 Subject to final audit
CITY OF CORONA
Cash and Investment Status Report
December 31, 2024
Docusign Envelope ID: 66494BBA-3109-46FA-8C81-3EACAB8AC963 General Fund $ 208,342,413.63
Special Revenue Funds
Gas Tax 13,023,616.19
Measure A 15,747,882.79
Trip Reduction 2,073,598.42
Asset Forfeiture 388,276.14
Development 34,093,660.26
Residential Refuse/Recycling (936,124.47)
Landscape and Streetlight Maintenance 25,527,931.66
Other Grants and Endowments 19,197,625.14 109,116,466.13 Debt Service Funds
Public Financing Authority 5,298.98 5,298.98
Capital Project Funds
Housing/Community Development (782,919.71)
Planned Local Drainage 718,339.31
Other Grants (6,707,992.29)
Public Facility Project (3,875,769.61)
Corona Housing Authority 24,739,049.55 14,090,707.25
Enterprise Funds
Water Utility 40,777,994.81
Water Reclamation Utility 61,743,644.20
Transit 769,545.88
Electric Utility 27,951,737.60
Airport 2,092,475.70 133,335,398.19
Internal Service Funds
Fleet Operations 4,273,107.34
Workers' Compensation 22,114,604.84
Liability Risk 573,848.48
Warehouse Services 1,314,320.56
Information Technology 13,397,894.41 41,673,775.63
Fiduciary Funds
AD & CFD Bond Funds 45,196,058.96
AB109 PACT -
Successor Agency 4,691,983.49 49,888,042.45
Total All Funds $ 556,452,102.26
Subject to final audit
CITY OF CORONA
Cash Balance By Fund
December 31, 2024
Docusign Envelope ID: 66494BBA-3109-46FA-8C81-3EACAB8AC963
MARKET BOOK PERCENT OF
INVESTMENTS PAR VALUE VALUE VALUE PORTFOLIO
ABS 47,085,000.00 39,350,540.77 39,076,662.26 7.81%
Agency 43,070,000.00 42,220,665.29 43,022,306.75 8.60%
CMO 54,755,000.00 52,205,124.18 51,956,460.46 10.38%
Pension Trust 560,242.08 49,552,706.08 40,613,318.28 8.12% Receivable 305,696.51 305,696.51 305,696.51 0.06%
Corporate 117,648,000.00 115,603,316.74 116,481,968.81 23.28% LAIF 31,442,026.35 31,442,026.35 31,442,026.35 6.28%
Money Market Fund FI 1,496,987.14 1,496,987.14 1,496,987.14 0.30% Municipal Bonds 4,395,000.00 4,386,869.25 4,418,161.65 0.88% Supranational 17,190,000.00 16,596,810.22 17,059,834.65 3.41% US Treasury 155,320,000.00 152,670,177.67 154,556,387.56 30.88% TOTAL PORTFOLIO $ 473,267,952.08 505,830,920.20 $ 500,429,810.42 100.00% Subject to final audit
CITY OF CORONA
Investment Portfolio Report
December 31, 2024
Docusign Envelope ID: 66494BBA-3109-46FA-8C81-3EACAB8AC963