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ATTACHMENT
1 Monthly
Budget and Investment
Statement
As of
October
30 , 20
2 1
This Budget and Investment Statement summarizes the budget status and investments of all City funds, including General Fund, Enterprise Funds, Capital Project Funds and Special Revenue Funds, as of the date identified above. This Statement fulfills the req uirements of Napa Municipal
Code section 2.32.050 by providing budget status information, and the requirements of City Charter Section 58 by providing current cash totals.
The
City of Napa
column below represents the City’s pooled cash, while the Fiduciary Funds
column includes
Successor Agency
bond proceeds
and reserves and
payroll disbursements
passing through the payroll clearing account.
The first table shows the total cash and investments
by type of investment, while the second table breaks ou t the information by City Fund.
City of Napa
Fiduciary Funds
Grand Total
Type of Investment
as of 10/31/2021
as of 10/31/2021
as of 10/31/2021
Cash in Bank and on Hand
25,907,721
(7,413,271)
18,494,451
Cash Proceeds from MDF Bond Issuance, received Nov 2016 89 -
89 Local Agency Investment Fund (LAIF)
51,140,411
-
51,140,411
CAMP Pool
(571,702)
-
(571,702)
U.S. Treasury Bond / Note
95,433,756
-
95,433,756
U.S. Treasury Bill
-
-
-
Supra-National Agency Bond / Note
4,694,274
-
4,694,274
Municipal Bond / Note
10,856,503
-
10,856,503
Federal Agency Collateralized Mortgage Obligation
3,185,336
-
3,185,336
Federal Agency Bond / Note
15,428,444
-
15,428,444
Corporate Note
22,752,742
-
22,752,742
Commercial Paper
-
-
Certificate of Deposit
3,725,000
-
3,725,000
Asset-Backed Security / Collateralized Mortgage Obligation 5,614,057
-
5,614,057
Money Market Fund
387,138
-
387,138
TOTAL City of Napa Cash and Invested Funds
238,553,769
(7,413,271)
231,140,499
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I hereby certify that the investments summarized in this Statement comply with the City’s adopted Statement of Investment Policy and City Charter Section 58, and that sufficient funds are available to meet expenditur
e requirements for the next six months. Bond funds are in compliance with their respective bond indentures, which may have different provisions than the City’s Investment Policy. More detailed information summarized in this Statement is available for revie w upon
request.
Anne
Cardwell
, Finance
Director
City of Napa
Fiduciary Funds
Grand Total
Fund
as of 10/31/2021
as of 10/31/2021
as of 10/31/2021
General Fund
25,464,426
25,464,426
Special Revenue Funds
70,628,099
70,628,099
CIP Funds
19,410,147
19,410,147
Enterprise Funds
79,515,175
79,515,175
Internal Service Funds
36,744,719
36,744,719
Gasser CFD Funds
1,310,993
1,310,993
Successor Agency Funds
(3,130)
(3,130)
Housing Funds
6,791,205
6,791,205
Payroll Clearing Account
(8,721,134)
(8,721,134)
TOTAL City of Napa Cash and Invested Funds
238,553,769
(7,413,271)
231,140,499
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The table below provides the budget status for the City’s funds, grouped by major fund, or major fund category, as of the date identified above and includes several Net Positions
of less than zero.
Budgets with a negative Net Position will use fund balance
to make up the difference. This use of
available fund balance to balance the budget has been approved by City Council with the adoption of the FY 20
2 1
/2
2 budget. Negative Year
-
to
-
Date (YTD) Actual
Net Position
amounts are to be
expected, given that
both revenue collections and expenditure incurrences fluctuate throughout the year.
More detailed information
can be found using the City’s Fiscal Transparency Tool:
http://www.cityofnapa.or
g/727/Fiscal
-
Transparency
FY 2021/22
Budget
FY 2021/22 YTD
Actual
as of 10/31/2021
as of 10/31/2021
General Fund
Revenues
101,284,165
16,689,291
16.48%
Expenditures
100,566,195
28,656,871
28.50%
Net Position
717,970
(11,967,580)
Non-Recurring General Fund
Revenues
3,853,281
1,619,144
42.02%
Expenditures
8,229,247
934,106
11.35%
Net Position
(4,375,966)
685,037
Special Revenue Funds
Revenues
28,374,146
6,898,151
24.31%
Expenditures
48,755,755
2,734,382
5.61%
Net Position
(20,381,609)
4,163,769
Capital Project Funds
Revenues
49,320,100
2,621,919
5.32%
Expenditures
59,402,731
3,544,885
5.97%
Net Position
(10,082,631)
(922,966)
Materials Diversion Fund
Revenues
41,556,000
13,785,208
33.17%
Expenditures
42,699,798
10,790,054
25.27%
Net Position
(1,143,798)
2,995,153
Water Enterprise Fund
Revenues
45,363,504
8,989,392
19.82%
Expenditures
64,423,003
6,877,511
10.68%
Net Position
(19,059,498)
2,111,881
Internal Service Funds
Revenues
17,194,412
4,982,106
28.98%
Expenditures
22,402,529
5,666,468
25.29%
Net Position
(5,208,117)
(684,362)
Housing Authority Fund
Revenues
16,856,930
5,379,383
31.91%
Expenditures
17,505,050
5,234,448
29.90%
Net Position
(648,120)
144,935
ALL FUNDS
Revenues
303,802,539
60,964,593
20.07%
Expenditures
363,984,309
64,438,726
17.70%
Net Position
(60,181,770)
(3,474,133)
% to date
(Budget to
Actual)