M E M O R A N D U M
June 18, 2025
TO: City Clerk
FROM: Kim Sitton
Finance Director
SUBJECT: Monthly Fiscal Report, April 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 April 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: 8AB00E1C-BB40-4BEA-AA19-5D10B3D2E794
BEGINNING ENDING
DESCRIPTION BALANCE RECEIPTS DISBURSEMENTS BALANCE
Balance Per Bank - Bank of America $ 3,861,730.13 $ 94,932,737.56 $ 93,445,583.51 $ 5,348,884.18 Deposits in Transit 1,165,196.78 1,165,196.78 1,946,035.08 Outstanding Checks (1,029,290.37) 891,525.05 (891,525.05) Fiscal Agents 53,608,058.62 1,867,104.06 73,411,920.11
Developer Escrow Accounts 2,231,086.08
1,946,035.08
1,029,290.37
21,670,965.55
2,231,086.08
Investments
Chandler Investment- City Account 431,948,973.74 26,703,840.56 50,868,826.75 407,783,987.55 Chandler Investment -Pension Trust Fund 43,563,845.59 33,736.79 43,597,582.38 LAIF 24,953,884.12 33,747,807.74 39,000,000.00 19,701,691.86 Investments Subtotal 500,466,703.45 60,485,385.09 89,868,826.75 471,083,261.79 Change Fund 10,248.00 10,248.00
Returned Checks 1,917.42 23,465.50 12,019.68 13,363.24
Credit Card Reconciling Items- Fees (2,440.60) 2,440.60 2,427.28 (2,427.28) TOTAL $ 560,313,209.51 $ 180,090,319.75 $ 187,252,683.11 $ 553,150,846.15 * For informational purpose only
April 30, 2025
CITY OF CORONA
Receipts and Disbursements*
Docusign Envelope ID: 8AB00E1C-BB40-4BEA-AA19-5D10B3D2E794
ENDING DEPOSITS OUTSTANDING MISCELLANEOUS RECONCILED
ACCOUNTS BANK BAL IN TRANSIT CHECKS RECONCILING ITEMS BALANCES LAIF $ 19,701,691.86 $ 19,701,691.86
Chandler Investment- City Account $ 407,783,987.55 $ 407,783,987.55 Chandler Investment -Pension Trust Fund $ 43,597,582.38 $ 43,597,582.38 Investment Total 471,083,261.79 471,083,261.79
General Account - Bank of America 4,931,906.89 1,742,615.77 (771,128.45) 10,935.96 5,914,330.17 Worker's Comp Account - Bank of America 416,977.29 203,419.31 (120,396.60) 500,000.00 Fiscal Agent Accounts 73,411,920.11 73,411,920.11
Escrow Account 2,231,086.08 2,231,086.08
Cashiers Change 10,248.00 10,248.00
BALANCE PER BOOKS OF CITY TREASURER
& FINANCE DIRECTOR $ 552,085,400.16 $ 1,946,035.08 $ (891,525.05) $ 10,935.96 $ 553,150,846.15 Subject to final audit
CITY OF CORONA
Cash and Investment Status Report
April 30, 2025
Docusign Envelope ID: 8AB00E1C-BB40-4BEA-AA19-5D10B3D2E794 General Fund $ 219,790,763.73
Special Revenue Funds
Gas Tax 14,084,957.33
Measure A 17,428,486.89
Trip Reduction 2,143,227.26
Asset Forfeiture 377,170.68
Development 33,918,503.32
Residential Refuse/Recycling (821,914.33)
Landscape and Streetlight Maintenance 26,435,734.95
Other Grants and Endowments 14,699,814.34 108,265,980.44 Debt Service Funds
Public Financing Authority 274,644.20 274,644.20
Capital Project Funds
Housing/Community Development (1,495,660.20)
Planned Local Drainage 464,332.97
Other Grants (20,271,791.21)
Public Facility Project (4,135,502.81)
Corona Housing Authority 22,249,307.51 (3,189,313.74)
Enterprise Funds
Water Utility 43,826,784.25
Water Reclamation Utility 61,416,565.11
Transit 240,022.31
Electric Utility 30,217,978.17
Airport 2,038,983.59 137,740,333.43
Internal Service Funds
Fleet Operations 1,245,350.62
Workers' Compensation 22,207,513.52
Liability Risk 516,147.48
Warehouse Services 1,364,702.93
Information Technology 11,628,047.51 36,961,762.06
Fiduciary Funds
AD & CFD Bond Funds 45,703,100.60
AB109 PACT -
Successor Agency 7,603,575.43 53,306,676.03
Total All Funds $ 553,150,846.15
Subject to final audit
CITY OF CORONA
Cash Balance By Fund
April 30, 2025
Docusign Envelope ID: 8AB00E1C-BB40-4BEA-AA19-5D10B3D2E794
MARKET BOOK PERCENT OF
INVESTMENTS PAR VALUE VALUE VALUE PORTFOLIO
ABS 51,860,000.00 44,376,859.56 43,945,286.87 9.33%
Agency 33,180,000.00 32,881,712.41 33,076,554.85 7.02%
CMO 47,415,000.00 46,138,381.69 45,002,979.99 9.55%
Pension Trust 627,237.98 50,902,024.38 43,597,582.39 9.25% Receivable 106,345.23 106,345.23 106,345.23 0.02%
Corporate 114,318,000.00 114,297,569.50 113,090,436.96 24.01% LAIF 19,701,691.86 19,701,691.86 19,701,691.86 4.18%
Money Market Fund FI 2,707,514.64 2,707,514.64 2,707,514.64 0.57% Municipal Bonds 4,395,000.00 4,470,277.56 4,418,161.65 0.94% Supranational 21,690,000.00 21,480,632.16 21,544,534.64 4.57% US Treasury 144,620,000.00 145,621,134.60 143,892,172.71 30.54% TOTAL PORTFOLIO $ 440,620,789.71 482,684,143.60 $ 471,083,261.79 100.00% Subject to final audit
CITY OF CORONA
Investment Portfolio Report
April 30, 2025
Docusign Envelope ID: 8AB00E1C-BB40-4BEA-AA19-5D10B3D2E794