M E M O R A N D U M
March 19, 2025
TO: City Clerk
FROM: Kim Sitton
Finance Director
SUBJECT: Monthly Fiscal Report, January 2025
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 January 2025, 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: C19D63EA-7085-4FAE-91A0-13582308EF7A
BEGINNING ENDING
DESCRIPTION BALANCE RECEIPTS DISBURSEMENTS BALANCE
Balance Per Bank - Bank of America $ 10,004,182.70 $ 85,420,610.35 $ 90,951,050.35 $ 4,473,742.70 Deposits in Transit 1,464,557.95 1,477,086.33
Outstanding Checks (2,181,934.92) (1,430,766.92)
Fiscal Agents 44,863,769.19
1,464,557.95
1,430,766.92
45,026,729.10
Developer Escrow Accounts 1,845,026.00
1,477,086.33
2,181,934.92
162,959.91
1,845,026.00
Investments
Chandler Investment- City Account 428,374,465.79 11,500,252.56 10,726,270.47 429,148,447.88 Chandler Investment -Pension Trust Fund 40,613,318.28 7.00 40,613,325.28 LAIF 31,442,026.35 45,611,857.77 33,200,000.00 43,853,884.12 Investments Subtotal 500,429,810.42 57,112,117.33 43,926,270.47 513,615,657.28 Change Fund 10,248.00 10,248.00
Returned Checks 18,678.39 66,787.15 84,209.32 1,256.22
Credit Card Reconciling Items- Fees (2,235.47) 2,235.47 2,437.46 (2,437.46) TOTAL $ 556,452,102.26 $ 146,423,731.46 $ 137,859,292.47 $ 565,016,541.25 * For informational purpose only
January 31, 2025
CITY OF CORONA
Receipts and Disbursements*
Docusign Envelope ID: C19D63EA-7085-4FAE-91A0-13582308EF7A
ENDING DEPOSITS OUTSTANDING MISCELLANEOUS RECONCILED
ACCOUNTS BANK BAL IN TRANSIT CHECKS RECONCILING ITEMS BALANCES LAIF $ 43,853,884.12 $ 43,853,884.12
Chandler Investment- City Account $ 429,148,447.88 $ 429,148,447.88 Chandler Investment -Pension Trust Fund $ 40,613,325.28 $ 40,613,325.28 Investment Total 513,615,657.28 513,615,657.28
General Account - Bank of America 3,981,230.00 1,254,582.43 (1,215,750.32) (1,181.24) 4,018,880.87 Worker's Comp Account - Bank of America 492,512.70 222,503.90 (215,016.60) 500,000.00 Fiscal Agent Accounts 45,026,729.10 45,026,729.10
Escrow Account 1,845,026.00 1,845,026.00
Cashiers Change 10,248.00 10,248.00
BALANCE PER BOOKS OF CITY TREASURER
& FINANCE DIRECTOR $ 564,971,403.08 $ 1,477,086.33 $ (1,430,766.92) $ (1,181.24) $ 565,016,541.25 Subject to final audit
CITY OF CORONA
Cash and Investment Status Report
January 31, 2025
Docusign Envelope ID: C19D63EA-7085-4FAE-91A0-13582308EF7A General Fund $ 210,333,099.25
Special Revenue Funds
Gas Tax 13,517,382.28
Measure A 16,197,968.63
Trip Reduction 2,080,182.11
Asset Forfeiture 388,192.19
Development 33,488,516.56
Residential Refuse/Recycling (960,155.03)
Landscape and Streetlight Maintenance 30,224,820.53
Other Grants and Endowments 18,715,769.73 113,652,677.00 Debt Service Funds
Public Financing Authority 5,318.92 5,318.92
Capital Project Funds
Housing/Community Development (1,229,474.89)
Planned Local Drainage 659,609.15
Other Grants (12,896,725.41)
Public Facility Project (3,875,769.61)
Corona Housing Authority 24,816,828.60 7,474,467.84
Enterprise Funds
Water Utility 42,903,455.98
Water Reclamation Utility 61,918,761.41
Transit 639,667.16
Electric Utility 28,680,942.94
Airport 2,135,703.07 136,278,530.56
Internal Service Funds
Fleet Operations 3,852,154.93
Workers' Compensation 22,188,715.96
Liability Risk 557,265.00
Warehouse Services 1,295,103.17
Information Technology 11,340,685.90 39,233,924.96
Fiduciary Funds
AD & CFD Bond Funds 49,524,886.37
AB109 PACT -
Successor Agency 8,513,636.35 58,038,522.72
Total All Funds $ 565,016,541.25
Subject to final audit
CITY OF CORONA
Cash Balance By Fund
January 31, 2025
Docusign Envelope ID: C19D63EA-7085-4FAE-91A0-13582308EF7A
MARKET BOOK PERCENT OF
INVESTMENTS PAR VALUE VALUE VALUE PORTFOLIO
ABS 49,175,000.00 40,994,433.62 40,708,719.71 7.93%
Agency 38,850,000.00 38,120,154.55 38,739,428.55 7.54%
CMO 54,755,000.00 52,411,140.72 51,956,460.46 10.12%
Pension Trust 560,249.08 50,902,978.08 40,613,325.28 7.91% Receivable 121,956.75 121,956.75 121,956.75 0.02%
Corporate 121,303,000.00 119,583,760.12 120,129,147.11 23.39% LAIF 43,853,884.12 43,853,884.12 43,853,884.12 8.54%
Money Market Fund FI 1,458,351.44 1,458,351.44 1,458,351.44 0.28% Municipal Bonds 4,395,000.00 4,385,120.04 4,418,161.65 0.86% Supranational 17,190,000.00 16,655,536.66 17,059,834.65 3.32% US Treasury 155,320,000.00 153,045,748.39 154,556,387.56 30.09% TOTAL PORTFOLIO $ 486,982,441.39 521,533,064.48 $ 513,615,657.28 100.00% Subject to final audit
CITY OF CORONA
Investment Portfolio Report
January 31, 2025
Docusign Envelope ID: C19D63EA-7085-4FAE-91A0-13582308EF7A