HomeMy WebLinkAbout2020-06-18; Clean Energy Alliance JPA; ; Clean Energy Alliance Treasurer's ReportClean Energy Alliance
JOINT POWERS AUTHORITY
DATE: June 18, 2020
Staff Report
TO: Clean Energy Alliance Board of Directors
FROM: Marie Marron Berkuti, Interim Treasurer
ITEM 1: Clean Energy Alliance Treasurer's Report
RECOMMENDATION:
Receive and File Clean Energy Alliance Interim Treasurer's Report.
BACKGROUND AND DISCUSSION:
This report provides the Board with the following financial information through May 31, 2020:
• Budget to Actuals -Reports actual revenues and expenditures compared to adopted budget
• Statement of Financial Position -Reports assets and liabilities of CEA
• List of Payments Issued -Reports payments issued for May 2020
BUDGET TO ACTUALS
Through May 31, CEA has earned 100% of its revenue as a result of invoicing the advances to the
Member Agencies.
Of its approved $450,000 budgeted expenditures, $249,176.02 has expended, leaving $200,823.98
available for future budgeted expenditures.
June 18, 2020 Item #1 Page 1 of 3
Revenue
Clean Energy Alliance
Budget to Actuals
As of May 31, 2020
BUDGET ACTUALS
June 18, 2020
Treasurer's Report
Page 2 of 3
VARIANCE
Advances from Member Agencies
Total Revenue
$ 450,000.00 $ 450,000.00
Expenditures
Staffing/Consultants
Legal Services
Professional Services
Memberships & Due
Graphic Design Services
CCA Bond
Total Expenditures
450,000.00
$ 50,000.00 $
130,000.00
115,000.00
1,500.00
6,500.00
147,000.00
$ 450,000.00 $
450,000.00
31,919.24 $ 18,080.76
55,840.89 74,159.11
59,915.89 55,084.11
1,500.00
6,500.00
100,000.00 47,000.00
249,176.02 $ 200,823.98
Net Results (Revenue -Expenditures) $ $ 200,823.98 $ 200,823.98
STATEMENT OF FINANCIAL POSITION
CEA's Statement of Financial Position reports the assets and liabilities as of May 31, 2020.
Clean Energy Alliance
Statement of Financial Position
As of May 31, 2020
Assets
River City Bank -Operating Account
Total Assets
Liabilities
Accounts Payable
Total Liabilities
Reserve for Future Expenditures
$ 244,949.68
$ 44,125.70
$ 244,949.68
$ 44,125.70
$ 200,823.98
June 18, 2020 Item #1 Page 2 of 3
As of May 31, liabilities represent invoices received for services, but not yet paid.
LISTING OF PAYMENTS
June 18, 2020
Treasurer's Report
Page 3 of 3
The report below provides the detail of payments issued by CEA for May 2020. All payments were
within approved budget.
Clean Energy Alliance
List of Payments Issued May 2020
05/29/20 Bayshore Consulting January 2020 CEO Services $ 5,700.66
05/29/20 Bayshore Consulting February 2020 CEO Services 4,581.08
05/29/20 Bayshore Consulting March 2020 CEO Services 4,125.00
05/29/20 RWG Law March 2020 General Counsel Svcs 4,288.00
05/29/20 TosdalAPC April 2020 Regulatory Counsel Svcs 3,780.60
05/29/20 Pacific Energy Advisors April 2020 Technical Consulting Svcs 23,736.25
05/29/20 SDG&E Data Request Invoice 3,888.00
05/29/20 Cal-CCA Membership 1,500.00
Total May Payments $ 51,599.59
FISCAL IMPACT
There is no fiscal impact associated with this item.
June 18, 2020 Item #1 Page 3 of 3