Introduction
This financial report provides an overview of where we are within the budget cycle, then a summary of the City’s financial position through the first quarter of Fiscal Year (FY) 2025/26 (July 1, 2025, through September 30, 2025) for (1) Citywide Revenues and Expenses, (2) the General Fund, (3) Enterprise Funds, and (4) Summary of Cash and Investments. Notable cumulative mid-year to midyear and preliminary amended budget to actual comparisons are included in this report.
The following factors should be taken into consideration when analyzing first quarter data:
• Revenues reported herein are calculated based on actual receipts through September 30, 2025.
Some revenues are received later in the year, and as such can appear to be low at mid-year with variances smoothing out over the Fiscal Year.
• Some costs, such as subscription services, insurance, and other dues, are typically incurred at the beginning of the Fiscal Year, so appear high through the mid-year but are on-budget for the fiscal year, with variances smoothing out over the Fiscal Year. • Construction projects, specifically street improvements, have a different project cycle which is offset from the Fiscal Year. As such, major projects are typically funded across two or more Fiscal Years.
Standard Budget Process Cycle - Where We Are Now & Next Steps:
Tentative Schedule for Financial Reporting
• November 18th – Council Acceptance of Audited Financial Statements for Fiscal Year 2024/25 • January 8th/20th – Measure S Oversight Committee Meeting Annual Report for fiscal year 2024/25 • January 27th – Mid-Year Financial Update
• April 28th – Third Quarter Financial Update for Fiscal Year 2024/25 • June 23rd – Council Final Budget for 2024/25 Renewal and Revised FY 2026/27 * January
Mid-Year &
Financial
Performance
Review
February-May
Internal Budget Review,
Strategic/Long-Term
and Capital Planning
June
Budget
Renewal
NOW*
July - December
Financial Evaluations
Budget Adjustments as
Approved by Council
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Citywide Revenues and Expenses
*Other Special Revenues consists of the following funds: Grants, CDBG Grants, Gas Tax, MTC Streets, RMRA, Traffic Mitigation Fees, Park-In-Lieu, PEG, Public Safety, K-9 Program, Inclusionary Housing, Linkage Affordable Housing, Community Facilities Districts, Measure M Parks, PEG, Bed Tax, and all Local Landscaping and Maintenance Districts.
City-wide Significant Variances
Fund type variances where revenues were less than 20 percent or expenditures are greater than 25 percent of budget as of mid-year were evaluated as follows:
• General Fund Revenues – The difference is primarily due to pending receipts for sales tax, property tax and other taxes. See further discussion on pages 3-4 herein. • Revenues for Special Revenues funds are primarily derived from other special taxes which are reported to the City months after collection, so accrual of revenue lags significantly. • Capital Projects are subject to construction timing of the projects. The City has programed over $12 million in capital projects, utilizing funding from a combination of funding sources including the State and Local Grants, Special Revenue Funds, and General Fund Contributions. Capital Projects timeframes vary due to design and review processes before construction as well as the time to be constructed. For more information on the City projects they are displayed online both on the City budget at https://city-cotati-ca-cleardoc.cleargov.com/11305 on the City’s transparency portal at www.tinyurl.com/CotatiProjects.
• Water and Wastewater Expenses are slightly higher than 25 percent primarily due to the lump sum payment of insurance at the beginning of the fiscal year. Additionally, the City has performed a couple one-time emergency repairs to systems during this quarter. See further discussion on page 6.
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General Fund: Operating Revenues
The following table includes cumulative revenue comparisons through the first quarter of the Fiscal Year 2024/25 and a revenue budget to actual comparison for Fiscal Year 2025/26.
General Fund operating revenues for the first quarter are approximately $99K, or 9.1% below the same period in FY 2024/25. Although revenues are only 8.8% of the annual budget, this is in line with the previous year’s comparison, which was at 9.9% of the budget through September 30, 2024.
The percentage of receipts of revenues is typically less than 25% due to the timing associated with receiving some of the larger revenue sources. For instance, sales tax is the largest General Fund revenue source, but the receipts are received two months after the period paid by the consumers. The following is an explanation of other variations in revenues:
- Property Taxes are received in December and April of the Fiscal Year, and as such are not included in this report to date. We have budgeted over $2 million, in line with the County’s proposed allocation, for Fiscal Year 2025/26.
- Sales Tax revenues for the first quarter are approximately 18.3% or $98,000 less than last year’s cumulative first quarter ending balance. Adjusting the sales tax for the known receipt pending for October, when you annualize the revenue and compare it to budget the total receipts are approximately 23%. If this trend continued this would present a $370K reduction in Sales tax from budget. As these are just two receipts out of the year staff do not believe there is any reason to adjust the overall annual projections for sales tax currently. However, we will continue to monitor receipts and come back to council with any significant items.
- Other Taxes are primarily made up of Cannabis Business Tax which are due to the City after the quarter in which the taxes are collected. Taxes received seem to have decreased in the current fiscal year compared to the prior year, but final receipts for the quarter are yet to be received. Staff are continuing to monitor this revenue account.
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- Licenses, Permits and Franchises are subject to timing as most franchise payments are due annually near the end of the fiscal year.
- Rents are primarily related to revenue from renting community facilities and park space. This revenue source has continued to improve as more events are planned and with the expansion with the management of the Veterans Building.
- Other Agencies decreased from the previous year due to a one-time receipt in the prior year for the State Mandated Cost from the State.
- Charges for Services have mostly increased over the last year as Community Development, Public Works, and the Public Safety Department are again working on new development projects or engaging in more reimbursable activities.
- Investment Earnings have decreased primarily due to pending investment allocations for the quarter, decreased invested balances in the prior year, decreased pooled cash balances subject to the interest allocation, and decreased overall interest rates.
- Other Revenues are misc. other receipts received by the City for general purposes. These are made up of one-time unbudgeted receipts.
General Fund: Department Operating Expenditures
The following table includes cumulative first quarter actual expenditure comparisons by department and again by expenditure type for Fiscal Year 2024/25 and Fiscal Year 2025/26 and an expenditure budget to actual comparison for Fiscal Year 2025/26.
Expenditures by Type
Overall, cumulative mid-year General Fund expenditure increased from the previous year by approximately 34.4% or $826K. Most of the increase was due to the timing of transfers out for capital projects, increased contract services primarily IT services contracts and program services for Faletti Ranch and one time removal of damaged trees for safety.
Expenditures by Department
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Spending by General Fund Departments is consistent with the prior year. Most of the increases are related to the proportional share of allocated expenses for insurance and tech and data management. Other increases for the City Managers Department pertain to special legal charges and for Administrative Services includes a software renewal for debt and lease management as well as the payment for the Cannabis Revenue Audits which are billed back to the Cannabis businesses.
The first three months, as compared to budget, General Fund expenditures are mostly tracking as expected with all operating departments, after adjusting for insurance allocations. Without adjusting for insurance, the first quarter expenditure for the General Fund are at 23.1% of the budget. Overall expenditure is in line with staff expectations.
Enterprise Funds: Operating Revenue
The following table includes cumulative revenue and expenses comparisons through the first quarter of the Fiscal Year 2024/25 and 2025/26 and a revenue budget to actual comparison for Fiscal Year 2025/26 for the Enterprise Operational Funds.
The Water and Wastewater Fund revenues are made up of charges for services, connection fees other revenues, and development fees. The operating revenues for the Water and Wastewater Funds have increased compared to the prior year primarily due to applied rates as well as connection fees at 902 E.
Cotati Ave. For Fiscal Year 2025/26, most expenses are in line with the budget apart from (1) Contract Services and Insurance for both funds, (2) Aqueduct Water for the Water fund, and (3) Other Expenses for the Water fund. Discussion on these differences is included within the funds discussion as follows. 192 of 204
Water Funds – Revenues for the water funds charges for services are tracking at 35.8% of the budget and 25.9% greater than the same period in the last year. This increase is primarily related to the increased water consumption and rates as well as inclusion of one-time connection fees for development.
Expenses as of the first quarter in total are at 29.6% of budget where payments for aqueduct water usage continue to be the main operating expense for the fund at approximately $254K. We expect water usage to decline over the next two quarters as weather changes and irrigation usage is significantly reduced.
Other expenses that are increased compared to budget are contract services, other expenses, and insurance. Contract services compared to budget are increased primarily due to the water funds proportion of the IT software subscriptions for Itron and Temetra which are incurred at the beginning of the fiscal year. As stated previously, the insurance charges were also incurred at the beginning of the fiscal year. For other expenses compared to budget the primary drivers of increased costs compared to budget are for utilities as well as one-time charges for repairs and maintenance related to emergency repairs. Overall, these costs are in line with the budget, and no adjustments were deemed needed at this time.
Sewer Funds – Revenues are currently tracking at 28.7% of the budget and increased 29.7% from the prior year. Consistent with the water fund, the increase in revenues is due to increased rates, as well as one time connection charges. Operating Expenses for the first quarter decreased by approximately $56K or 5.4% compared to the prior fiscal year. This is primarily due to the decreased other expenses primarily renegotiated bank and merchant fees, which have decreased by $10K and a one-time repair during the prior year. Contract Services, Insurance, Wastewater Treatment have increased consistently with Water as mentioned above.
These funds will continue to be monitored, and staff will provide the City Council with updated information during the mid-year quarterly financial update.
Cash and Investments
The tables below show the cash and investments held by the City as of September 30, 2025. The current cash and investment balances are in line with the City adopted investment policy and as budgeted are enough to meet the City’s expenditure requirements for the remainder of the fiscal year.
Gen. Operating,
$2,658,201
Special Revenues,
$2,955,328
Successor Agency,
$973,915 Water Operating and
Capital, $4,165,374
Wastewater Operating
and Capital, $3,222,036
Internal Service Funds,
$273,924
Capital Projects,
$621,500
Deposit Accounts,
$51,444
Cash and Investment Value By Funds - $14.9 Million
OPERATING CASH,
$358,321 , 2%
LAIF, $6,579 , 0%
US BANK, $6,235,430 , 42%
CAMP, $8,236,72
Investment Portfolio Composition - $14.9 Million
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Cash and Investment Detail by Composition
Fiscal Resilience
During the first quarter of FY 2025–26, several indicators showed outlier performance when compared to established fiscal goals.
In the General Fund, cash coverage was lower due to early-year expenditure patterns, while revenues— particularly sales tax receipts (Bradley Burns and Measure S)—were below budget and prior-year levels (see page 3), reflecting timing delays in remittances. The overall revenues-to-expenditures ratio was below target, consistent with typical first-quarter trends when property tax payments have not yet been received.
In the Water Fund, expenses exceeded budget projections due to front-loaded costs, and wholesale water rates from the Sonoma County Water Agency increased by 3% above projections.
In the Sewer Fund, expenses were below budget and revenue performance improved, though the revenueto-expenditures ratio remained slightly under the target threshold. These variances are attributed to timing and cyclical cash flow factors and will continue to be monitored through mid-year.
Conclusion
Except for identified variances, expenditures and revenues are tracking as expected. Staff will continue to monitor these variances and provide updated information to the City Council during budget updates for the current and next fiscal year.
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FINANCE DEPARTMENT
DATE: October 21, 2025
TO: Honorable Mayor and City Council
VIA: Damien O’Bid, City Manager
FROM: Angela Courter, Administrator Services Director
SUBJECT: INVESTMENT REPORT FOR THE QUARTER ENDED
SEPTEMBER 30, 2025
Attached for your information is the quarterly report of investments as of September 30, 2025.
The total cash and investment portfolio book value (cost) held by the City as of September 30, 2025 was $14,921,727.
The cash and investments held by the City include the following components:
Managed Investment Portfolio ($6,220,368), State of CA Local Agency Investment Fund ($6,579), California Asset Management Program (CAMP) Pooled Investment Fund ($8,236,721), Sonoma County Investment Pool ($84,676), Cash/Time Deposits ($358,321), and accrued interest on investments ($15,062). (Earned interest is the interest earned on investments over a specific time period, accrued interest is the interest that an investment has earned, but hasn’t yet been received, and paid interest is the interest that has already been received as payment).
Cash and investments held by the City and the trustees continue to be invested in accordance with the Government Code and the Council Investment Policy as adopted on May 9, 2023.
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Council Information
FY 2025-26 Q1 Quarter Investment Report
September 30, 2025
During the quarter, one Federal Agency Bond matured in the amount of $800,000. One new U.S. Treasury Note was purchased in the amount of $800,176.
Two-year Treasuries yielding 3.72% at the beginning of the quarter ended lower at the end of the quarter at 3.60%, which was a decrease of 12 basis points for the quarter.
As of September 30, 2025, the Weighted Yield to Maturity on the Managed Investment Portfolio was 4.13%.
At the end of this quarter, the Weighted Average Maturity of the Managed Investment Portfolio was 2.41 years.
The Federal Open Market Committee (FOMC) meets approximately every six weeks and determines the level of the Federal Funds Rate. At the September 17th meeting, the FOMC voted to lower the target range for the federal funds rate by 1/4 percentage point to 4 to 4-1/4 percent.
Summary from the September 17th meeting:
"Recent indicators suggest that growth of economic activity moderated in the first half of the year. Job gains have slowed, and the unemployment rate has edged up but remains low. Inflation has moved up and remains somewhat elevated.
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook remains elevated. The Committee is attentive to the risks to both sides of its dual mandate and judges that downside risks to employment have risen.
In support of its goals and in light of the shift in the balance of risks, the Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 4 to 4-1/4 percent. In considering additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities. The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective.
In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary 196 of 204
Council Information
FY 2025-26 Q1 Quarter Investment Report
September 30, 2025
policy as appropriate if risks emerge that could impede the attainment of the Committee's goals. The Committee's assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments."
Finance staff hired Optimized Investment Partners in May 2023 to help improve the investment returns for the city and to ensure compliance with California Government Code by ensuring safety of principal and sufficient liquidity for operations. Ongoing portfolio management activity will continue to be performed in partnership with Optimized Investment Partners, the City Manager, and the Administrator Services Director.
Considering the projected timing of cash receipts and disbursements and the structure of the Pooled Investment Portfolio, the City will be able to comfortably meet overall cash flow needs over the next six months.
If you have any questions, please feel free to contact me at 707-665-4236. 197 of 204
Par Value (1) Market Value (2) Book Value (3)
Cash & Investments Held by City
Investment Portfolio
Managed Investments
U.S. Bank Custodial Cash Account $ 53,673 $ 53,673 $ 53,673 0.36% U.S. Treasury Bill/ Note 3,285,000 3,224,369 3,203,701 21.49% Federal Agency Bond 800,000 786,352 747,994 5.02%
Certificate of Deposit 2,215,000 2,243,147 2,215,000 14.86% Managed Investments Subtotal $ 6,353,673 $ 6,307,541 $ 6,220,368 41.73% Pooled Investments
State of CA Local Agency Investment Fund $ 6,579 $ 6,579 $ 6,579 0.04% CAMP 8,236,721 8,236,721 8,236,721 55.26%
Sonoma County Investment Pool 84,676 84,676 84,676 0.57% Pooled Investments Subtotal $ 8,327,976 $ 8,327,976 $ 8,327,976 55.87% Investment Portfolio Subtotal $ 14,681,648 $ 14,635,517 $ 14,548,344 97.60% Cash/Time Deposits $ 358,321 $ 358,321 $ 358,321 2.40%
Funds Available for Investment $ 15,039,969 $ 14,993,837 $ 14,906,665 100.00% Accrued Interest $ 15,062 $ 15,062 $ 15,062
Total Cash & Investments Held by City $ 15,055,032 $ 15,008,900 $ 14,921,727 Notes:
1. Par value is the principal amount of the investment on maturity.
2. Market values contained herein are received from sources we believe are reliable; however, we do not guarantee their accuracy.
3. Book value is par value of the security plus or minus any premium or discount on the security.
City of Cotati
Summary of Cash and Investments for the Quarter Ended September 30, 2025 Portfolio Assets % of Portfolio
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*Note: Cash/time deposits not included in WYTM
Excludes Pooled Investments and U.S. Bank Custodial Cash Account Under 1 Year
Maturity Sep 2025 Jun 2025 Change 1 - 2 Years
3-Month 4.02% 4.41% -0.39% 2 - 3 Years
1-Year 3.68% 3.96% -0.28% 3 - 4 Years
2-Year 3.60% 3.72% -0.12% 4 - 5 Years
3-Year 3.61% 3.68% -0.07% Total
5-Year 3.74% 3.79% -0.05%
10-Year 4.16% 4.24% -0.08%
Jul
Aug
Sep 2025 Sep 2024 Sep 2023 Sep 2022 Sep
3.60% 3.66% 5.03% 4.22% Total for Quarter
Note: Interest Earnings figures do not include capital gains or losses $ 165,865 183,679 $ (17,814) $
$ (8,625) 60,612 $
$ 54,359 $ (4,513) 49,846 $
2-Year U.S. Treasury Yield - Historical Data 55,407 $ (4,676) $ $ 26% 1,615,000
$ 100% 6,300,000
Interest Earnings FY 24-25 FY 25-26 Change
$ 69,237
$ 60,083
$ 28% 1,783,000
$ 4% 248,000
$ 14% 870,000
U.S. Treasury Yields - Quarterly Comparison $ 28% 1,784,000 Book Value (COST) 14,548,344 $
Market Value 14,635,517 $
Weighted Average Maturity (in years) 2.41
Weighted Yield to Maturity* 4.13%
Portfolio Maturity PAR Maturing % Maturing
City of Cotati
Investment Report for the Quarter Ended September 30, 2025 Investment Portfolio Summary and Key Statistics
Portfolio Key Statistics
PAR Value 14,681,648 $
55.26%
21.49%
14.86%
5.02%
2.40%
0.57% 0.36%
0.04% CAMP 55.26%
U.S. TREASURY BILL/NOTE 21.49%
CERTIFICATE OF DEPOSIT 14.86%
FEDERAL AGENCY BOND 5.02%
CASH/TIME DEPOSITS 2.40%
Sonoma County Investment Pool 0.57%
INVESTMENT CASH ACCOUNT 0.36%
LOCAL AGENCY INVESTMENT FUND 0.04%
0%
5%
10%
15%
20%
25%
30%
Under 1
Year
1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years
28% 28%
4%
14%
26%
Portfolio Maturity Distribution
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City of Cotati
Summary of Fiscal Resilience Enterprise Fund Factors
As of:
General Fund:
Cash*
Budget Operating
Expenses Cash Coverage Goal
A. Cash Coverage Ratio = $ 2,615,780 $ 10,558,688 25% > 25% Cash* Current Liabilities** Quick Ratio Goal
B. Liquidity Ratio = $ 2,615,780 $ 187,310 13.97 > 2.00 Twelve Month
Rolling Revenues To
9/30/2025
Twelve Month
Rolling Budget
Revenues
Revenues to
Budget Goal
C.1 Rolling Twelve Months Revenue to Budget = $ 9,689,534 $ 11,360,693 -15% > - 10% Fiscal Year Total
Revenues To
9/30/2025
Prior Fiscal Year
Revenues *
9/30/2024
Revenues to Prior
Year
C.2 Current Fiscal Year Revenue to Prior Fiscal Year = $ 989,615 $ 1,089,149 -9% D. Increase in Expenditures
Operating
Expenditures
9/30/2025
Budget Expenditures
(3 Months)
Expenditures to
Budget Goal
Operating Expenditures Compared to Budget $ 2,798,071 $ 2,639,672 6% < 10% Operating
Expenditures
9/30/2025
Prior Fiscal Year
Expenditures
9/30/2024
Expenditures to
Prior Year
Operating Expenditures Compared to Prior Year $ 2,798,071 $ 2,404,320 16% E. Significant Revenue Sources Changes
Current Fiscal Year
9/30/2025
Prior Fiscal Year
9/30/2024 % Change Goal
Bradley Burns $ 207,277 $ 256,070 -19.1% > - 10%
Measure S $ 227,233 $ 277,902 -18.2%
Combined Sales Tax $ 434,510 $ 533,972 -18.6%
Property Tax $ - $ - 0.0%
Current Fiscal Year
9/30/2025
Budget
(1 Month) % Change Goal
Bradley Burns* $ 207,277 $ 233,600 -11.3% > - 10%
Measure S* $ 227,233 $ 255,317 -11.0%
Combined Sales Tax* $ 434,510 $ 488,917 -11.1%
Property Tax $ - $ 177,000 -100.0%
Tuesday, September 30, 2025
* - Sales Tax - 1 of the 12 monthly payments have been received to date and show a dip in receipts from the prior year and budget. The second payment for the fiscal year is scheduled and is increased from the first payment and in line with budget expectation. Staff will continue to monitor receipts and work with consultant for any proposal for changing the adopted budget and addressing any implications. ** - Property Tax - Payments are received in December, April and August of each year. As such, no payments have been received for the fiscal year.
Use of cash due to increased expenditures at the beginning of the fiscal year for annual subscriptions and construction projects. Cash is typically lower during the first quarter of the year while the City is pending receipts for property taxes.
Overall revenues for sales taxes, other taxes and investment earnings have decreased for the General Fund. While some of this is believed to be due to timing of receipts, there is not sufficient information for this one quarter to create a trend with expectations for changing the fiscal year. Staff will continue to evaluate the receipts and revenue projections and present to council at Mid-Year or sooner if significant.
Increased expenditures are in line with budgeted expectations for increases. 200 of 204
City of Cotati
Summary of Fiscal Resilience Enterprise Fund Factors
As of:
General Fund:
Tuesday, September 30, 2025
F. Community Event Identification:
Fiscal Year Total
Revenues To
9/30/2025
Fiscal Year
Operating
Expenditures
9/30/2025
Current Year
Revenues to
Expenses Goal
G. Current Fiscal Year Revenues to Operating Expenditures $ 989,615 $ 2,798,071 35% > 110% Prior Fiscal Year
Revenues
9/30/2024
Prior Fiscal Year
Expenditures
9/30/2024
Prior Year
Revenues to
Expenses
Prior year Revenues to Operating Expenditures $ 1,089,149 $ 2,404,320 45% Ref:
* Cash incudes the pooled cash attributable to the evaluated fund which consists of all liquid available cash and investments held including CD's and Treasury notes. ** Current Liabilities are the total of all liabilities for the evaluated fund, as of the reporting date, that are due and payable within one year.
Due to timing of major revenue sources, mentioned in E above, it is consistent that the coverage for revenues would be lower through this period to date. This will continue to be monitored for risk.
- No known or identified issues.
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City of Cotati
Summary of Fiscal Resilience Enterprise Fund Factors
As of:
Water Enterprise Fund
Cash*
Budget Operating
Expenses Cash Coverage Goal
A. Cash Coverage Ratio = $ 4,165,374 $ 2,527,011 164.83% > 33% Cash* Current Liabilities** Quick Ratio Goal
B. Liquidity Ratio: = $ 4,165,374 $ 285,775 14.58 > 2.0 Twelve Month
Rolling Revenues To
9/30/2025
Twelve Month
Rolling Budget
Revenues Revenues to Budget Goal
C.1 Rolling Twelve Months Revenue to Budget = $ 2,903,619 $ 2,572,593 13% > - 10% Fiscal Year Total
Revenues To
9/30/2025
Prior Fiscal Year
Revenues
6/30/2024
Revenues to Prior
Year
C.2 Current Fiscal Year Revenue to Prior Fiscal Year = $ 950,006 $ 754,806 26% D. Increase in Expenditures Fiscal Year
Operating
Expenditures
9/30/2025
Budget Expenditures
(3 Months)
Expenditures to
Budget Goal
Operating Expenditures Compared to Budget $ 746,645 $ 586,867 27% < 10% Fiscal Year
Operating
Expenditures
9/30/2025
Prior Fiscal Year
Operating
Expenditures
9/30/2024
Expenditures to
Prior Year
Operating Expenditures Compared to Prior Year $ 746,645 $ 605,960 23% E. Supporting Agency Change In Rates
1-Jul-25 Goal
Budgeted Rate Agency Rate Difference < 2%
Sonoma County Water Agency (65% of supply) 12.00% 15.00% 3.0000% F.
Fiscal Year Total
Revenues To
9/30/2025
Fiscal Year
Operating
Expenditures
9/30/2025
Revenues to
Expenses Goal
Operating Revenues to Operating Expenditures $ 950,006 $ 746,645 127% > 110% Prior Fiscal Year
Revenues
9/30/2024
Prior Fiscal Year
Expenditures
9/30/2024
Prior Year Revenues
to Expenses
Prior Year Revenues to Operating Expenditures $ 754,806 $ 605,960 125% Tuesday, September 30, 2025
* Cash incudes the pooled cash attributable to the evaluated fund which consists of all liquid available cash and investments held including CD's and Treasury notes. ** Current Liabilities are the total of all liabilities for the evaluated fund, as of the reporting date, that are due and payable within one year. 202 of 204
City of Cotati
Summary of Fiscal Resilience General Fund Factors
As of:
Sewer Enterprise Funds
Cash*
Budget Operating
Expenses Cash Coverage Goal
A. Cash Coverage Ratio = $ 3,222,036 $ 3,682,748 87.49% > 33% B. Cash* Current Liabilities** Quick Ratio Goal
Liquidity Ratio: = $ 3,222,036 $ 66,656 48.34 > 2.0
C.1 Twelve Month
Rolling Revenues To
9/30/2025
Twelve Month
Rolling Budget
Revenues Revenues to Budget Goal
Rolling Twelve Months Revenue to Budget = $ 3,735,729 $ 3,736,112 0% > - 10% C.2 Fiscal Year Total
Revenues To
9/30/2025
Prior Fiscal Year
Revenues
9/30/2024
Revenues to Prior
Year
Current Fiscal Year Revenue to Prior Fiscal Year = $ 1,076,602 $ 830,182 30% D. Increase in Expenditures Fiscal Year
Operating
Expenditures
9/30/2024
Budget Operating
Expenditures
(3 Months)
Expenditures to
Budget Goal
Operating Expenditures Compared to Budget $ 985,357 $ 1,227,583 -20% < 10% Fiscal Year
Operating
Expenditures
9/30/2025
Prior Fiscal Year
Expenditures
9/30/2024
Expenditures to
Prior Year
Operating Expenditures Compared to Prior Year $ 985,357 $ 978,174 1% E. Supporting Agency Change In Rates
1-Jul-25 Goal
Budgeted Rate Agency Rate Difference < 2%
Santa Rosa Wastewater Treatment 6.00% 1.30% -4.7000%
F.
Total Revenues To
9/30/2025
Operating
Expenditures
9/30/2025
Revenues to
Expenses Goal
Operating Revenues to Operating Expenditures $ 1,076,602 $ 985,357 109% > 110% Prior Fiscal Year
Revenues
9/30/2024
Prior Fiscal Year
Expenditures
9/30/2024
Prior Year Revenues
to Expenses
Prior Year Revenues to Operating Expenditures $ 830,182 $ 978,174 85% Note:
Tuesday, September 30, 2025
* Cash incudes the pooled cash attributable to the evaluated fund which consists of all liquid available cash and investments held including CD's and Treasury notes. ** Current Liabilities are the total of all liabilities for the evaluated fund, as of the reporting date, that are due and payable within one year.
This item is improving over prior year and aligned with the utility rate study. Revenues have improved in part due to the move to monthly billing which more closely ties to the cost of services rendered. This will continue to be monitored for increased risk. 203 of 204
Cotati City Council
Agenda Staff Report
Item type: INFORMATION RECEIVED AFTER THE AGENDA WAS POSTED To: City Council
Subject: INFORMATION RECEIVED AFTER THE AGENDA WAS POSTED Date: October 28, 2025
Written by: Kevin Patterson, City Clerk
Recommendation
Information or written comments pertaining to this meeting, and which was received after the agenda was posted, is attached below.
Pursuant to City Council Policy 2025-03: City Council Rules section IV A., written Communications, interested persons or their authorized representative may address the Council by written communication on any matters concerning the City’s business, or any matters over which the Council has control.
1. To be considered for inclusion in the agenda packet, such written communication shall be delivered to the City Clerk no later than 11:00 a.m. of the Wednesday the week preceding the regular Council meeting for which such written communication is intended.
2. If received after the above date and time, but no later than noon the day before the meeting, written communications received by the City Clerk shall be posted on the website by the end of that day and notification provided to the electronic Agenda mailing list by the end of the day. All written communications received by the City Clerk by 5 pm on the City Council meeting day shall be made available to the City Council and public at the City Council meeting.
City Council Policy 2025-03 is available at the online meeting portal at www.cotaticity.gov or by request from the City Clerk at 707-665-3622 or [email protected]. 204 of 204