M E M O R A N D U M
May 7, 2025
TO: City Clerk
FROM: Kim Sitton
Finance Director
SUBJECT: Monthly Fiscal Report, February 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 February 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: 065195AB-905F-4CA1-95C9-C379554C04A4
BEGINNING ENDING
DESCRIPTION BALANCE RECEIPTS DISBURSEMENTS BALANCE
Balance Per Bank - Bank of America $ 4,473,742.70 $ 71,522,757.67 $ 69,363,551.05 $ 6,632,949.32 Deposits in Transit 741,939.61 741,939.61 1,418,024.13
Outstanding Checks (1,430,766.92) 2,163,706.03 (2,163,706.03) Fiscal Agents 45,026,729.10 197,430.79 56,671,200.85
Developer Escrow Accounts 1,845,026.00
1,418,024.13
1,430,766.92
11,841,902.54
1,845,026.00
Investments
Chandler Investment- City Account 429,148,447.88 14,712,071.62 13,154,501.02 430,706,018.48 Chandler Investment -Pension Trust Fund 40,613,325.28 28,457.78 40,641,783.06 LAIF 43,853,884.12 23,900,000.00 34,400,000.00 33,353,884.12 Investments Subtotal 513,615,657.28 38,640,529.40 47,554,501.02 504,701,685.66 Change Fund 10,248.00 10,248.00
Returned Checks 1,256.22 31,637.15 32,091.22 802.15
Credit Card Reconciling Items- Fees (2,437.46) 2,437.46 2,199.42 (2,199.42) TOTAL $ 564,281,394.53 $ 124,888,055.27 $ 120,055,419.14 $ 569,114,030.66 * For informational purpose only
February 28, 2025
CITY OF CORONA
Receipts and Disbursements*
Docusign Envelope ID: 065195AB-905F-4CA1-95C9-C379554C04A4
ENDING DEPOSITS OUTSTANDING MISCELLANEOUS RECONCILED
ACCOUNTS BANK BAL IN TRANSIT CHECKS RECONCILING ITEMS BALANCES LAIF $ 33,353,884.12 $ 33,353,884.12
Chandler Investment- City Account $ 430,706,018.48 $ 430,706,018.48 Chandler Investment -Pension Trust Fund $ 40,641,783.06 $ 40,641,783.06 Investment Total 504,701,685.66 504,701,685.66
General Account - Bank of America 6,177,918.35 1,246,935.54 (2,037,586.47) (1,397.27) 5,385,870.15 Worker's Comp Account - Bank of America 455,030.97 171,088.59 (126,119.56) 500,000.00 Fiscal Agent Accounts 56,671,200.85 56,671,200.85
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 $ 569,861,109.83 $ 1,418,024.13 $ (2,163,706.03) $ (1,397.27) $ 569,114,030.66 Subject to final audit
CITY OF CORONA
Cash and Investment Status Report
February 28, 2025
Docusign Envelope ID: 065195AB-905F-4CA1-95C9-C379554C04A4 General Fund $ 218,746,491.20
Special Revenue Funds
Gas Tax 13,752,712.57
Measure A 16,675,590.95
Trip Reduction 2,090,810.67
Asset Forfeiture 379,673.71
Development 33,679,221.83
Residential Refuse/Recycling (967,549.20)
Landscape and Streetlight Maintenance 29,924,084.03
Other Grants and Endowments 19,031,606.06 114,566,150.62 Debt Service Funds
Public Financing Authority 5,338.17 5,338.17
Capital Project Funds
Housing/Community Development (1,394,118.57)
Planned Local Drainage 591,796.85
Other Grants (16,351,395.32)
Public Facility Project (4,075,089.61)
Corona Housing Authority 24,950,066.74 3,721,260.09
Enterprise Funds
Water Utility 42,839,018.89
Water Reclamation Utility 62,466,238.54
Transit 512,058.99
Electric Utility 28,670,029.83
Airport 1,991,277.49 136,478,623.74
Internal Service Funds
Fleet Operations 3,646,564.69
Workers' Compensation 22,036,568.45
Liability Risk 548,442.16
Warehouse Services 1,279,497.24
Information Technology 10,035,904.12 37,546,976.66
Fiduciary Funds
AD & CFD Bond Funds 49,534,973.76
AB109 PACT -
Successor Agency 8,514,216.42 58,049,190.18
Total All Funds $ 569,114,030.66
Subject to final audit
CITY OF CORONA
Cash Balance By Fund
February 28, 2025
Docusign Envelope ID: 065195AB-905F-4CA1-95C9-C379554C04A4
MARKET BOOK PERCENT OF
INVESTMENTS PAR VALUE VALUE VALUE PORTFOLIO
ABS 49,175,000.00 40,520,209.77 40,136,219.67 7.95%
Agency 37,880,000.00 37,298,922.82 37,771,426.75 7.48%
CMO 54,755,000.00 52,888,888.88 51,956,460.46 10.29%
Pension Trust 588,706.86 50,375,383.86 40,641,783.06 8.05% Receivable 241,875.34 241,875.34 241,875.34 0.05%
Corporate 121,303,000.00 120,512,917.02 120,129,147.11 23.80% LAIF 33,353,884.12 33,353,884.12 33,353,884.12 6.61%
Money Market Fund FI 9,017,696.69 9,017,696.69 9,017,696.69 1.79% Municipal Bonds 4,395,000.00 4,436,625.05 4,418,161.65 0.88% Supranational 17,190,000.00 16,765,677.37 17,059,834.65 3.38% US Treasury 150,820,000.00 150,022,312.09 149,975,196.15 29.72% TOTAL PORTFOLIO $ 478,720,163.01 515,434,393.00 $ 504,701,685.66 100.00% Subject to final audit
CITY OF CORONA
Investment Portfolio Report
February 28, 2025
Docusign Envelope ID: 065195AB-905F-4CA1-95C9-C379554C04A4