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ATTACHMENT
1 Monthly
Budget and Investment
Statement
As of
November
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 investme
nts
by type of investment, while the second table breaks out the information by City Fund.
City of Napa
Fiduciary Funds
Grand Total
Type of Investment
as of 11/30/2021
as of 11/30/2021
as of 11/30/2021
Cash in Bank and on Hand
29,660,383
(5,592,628)
24,067,755
Cash Proceeds from MDF Bond Issuance, received Nov 2016 89 -
89 Local Agency Investment Fund (LAIF)
51,140,411
-
51,140,411
CAMP Pool
0 -
0 U.S. Treasury Bond / Note
94,761,877
-
94,761,877
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
3,157,013
-
3,157,013
Federal Agency Bond / Note
14,466,444
-
14,466,444
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 7,035,116
-
7,035,116
Money Market Fund
228,545
-
228,545
TOTAL City of Napa Cash and Invested Funds
242,478,398
(5,592,628)
236,885,770
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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 expenditure 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 review upon request.
Anne
Cardwell
, Financ
e
Director
City of Napa
Fiduciary Funds
Grand Total
Fund
as of 11/30/2021
as of 11/30/2021
as of 11/30/2021
General Fund
23,731,351
23,731,351
Special Revenue Funds
71,662,431
71,662,431
CIP Funds
18,189,951
18,189,951
Enterprise Funds
83,932,878
83,932,878
Internal Service Funds
38,201,440
38,201,440
Gasser CFD Funds
1,311,119
1,311,119
Successor Agency Funds
(3,130)
(3,130)
Housing Funds
6,760,346
6,760,346
Payroll Clearing Account
(6,900,617)
(6,900,617)
TOTAL City of Napa Cash and Invested Funds
242,478,398
(5,592,628)
236,885,770
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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:
htt
p://www.cityofnapa.org/727/Fiscal
-
Transparency
FY 2021/22
Budget
FY 2021/22 YTD
Actual
as of 11/30/2021
as of 11/30/2021
General Fund
Revenues
101,284,165
23,649,781
23.35%
Expenditures
100,566,195
35,291,474
35.09%
Net Position
717,970
(11,641,693)
Non-Recurring General Fund
Revenues
3,853,281
1,800,872
46.74%
Expenditures
8,229,247
2,340,559
28.44%
Net Position
(4,375,966)
(539,688)
Special Revenue Funds
Revenues
28,374,146
8,055,593
28.39%
Expenditures
48,755,755
3,021,511
6.20%
Net Position
(20,381,609)
5,034,082
Capital Project Funds
Revenues
49,320,100
3,279,933
6.65%
Expenditures
59,402,731
5,396,926
9.09%
Net Position
(10,082,631)
(2,116,993)
Materials Diversion Fund
Revenues
41,556,000
17,208,153
41.41%
Expenditures
42,699,798
12,303,080
28.81%
Net Position
(1,143,798)
4,905,073
Water Enterprise Fund
Revenues
45,363,504
12,944,283
28.53%
Expenditures
64,423,003
9,057,792
14.06%
Net Position
(19,059,498)
3,886,491
Internal Service Funds
Revenues
17,194,412
7,177,432
41.74%
Expenditures
22,402,529
6,285,035
28.06%
Net Position
(5,208,117)
892,397
Housing Authority Fund
Revenues
16,856,930
6,767,602
40.15%
Expenditures
17,505,050
6,526,033
37.28%
Net Position
(648,120)
241,569
ALL FUNDS
Revenues
303,802,539
80,883,648
26.62%
Expenditures
363,984,309
80,222,411
22.04%
Net Position
(60,181,770)
661,237
% to date
(Budget to
Actual)