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1 of 3
Monthly
Budget and Investment
Statement
As of
December
3 1
, 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 12/31/2021
as of 12/31/2021
as of 12/31/2021
Cash in Bank and on Hand
39,648,996
(3,264,812)
36,384,184
Cash Proceeds from MDF Bond Issuance, received Nov 2016 89 -
89 Local Agency Investment Fund (LAIF)
56,140,411
-
56,140,411
CAMP Pool
0 -
0 U.S. Treasury Bond / Note
95,926,627
-
95,926,627
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
3,077,473
-
3,077,473
Federal Agency Bond / Note
14,466,444
-
14,466,444
Corporate Note
22,724,639
-
22,724,639
Commercial Paper
-
-
Certificate of Deposit
2,725,000
-
2,725,000
Asset-Backed Security / Collateralized Mortgage Obligation 6,908,499
-
6,908,499
Money Market Fund
381,032
-
381,032
TOTAL City of Napa Cash and Invested Funds
257,549,988
(3,264,812)
254,285,176
ATTACHMENT
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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 12/31/2021
as of 12/31/2021
as of 12/31/2021
General Fund
38,451,600
38,451,600
Special Revenue Funds
71,345,156
71,345,156
CIP Funds
18,311,375
18,311,375
Enterprise Funds
85,644,260
85,644,260
Internal Service Funds
37,042,556
37,042,556
Gasser CFD Funds
1,311,204
1,311,204
Successor Agency Funds
(3,130)
(3,130)
Housing Funds
6,755,042
6,755,042
Payroll Clearing Account
(4,572,886)
(4,572,886)
TOTAL City of Napa Cash and Invested Funds
257,549,988
(3,264,812)
254,285,176
ATTACHMENT
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htt
p://www.cityofnapa.org/727/Fiscal
-
Transparency
FY 2021/22
Budget
FY 2021/22 YTD
Actual
as of 12/31/2021
as of 12/31/2021
General Fund
Revenues
102,357,596
50,490,905
49.33%
Expenditures
101,639,626
46,680,217
45.93%
Net Position
717,970
3,810,688
Non-Recurring General Fund
Revenues
3,887,064
1,916,518
49.31%
Expenditures
8,267,030
2,502,107
30.27%
Net Position
(4,379,966)
(585,589)
Special Revenue Funds
Revenues
28,374,146
9,461,182
33.34%
Expenditures
48,755,755
4,750,519
9.74%
Net Position
(20,381,609)
4,710,663
Capital Project Funds
Revenues
49,320,100
5,492,264
11.14%
Expenditures
59,402,731
7,525,268
12.67%
Net Position
(10,082,631)
(2,033,005)
Materials Diversion Fund
Revenues
41,556,000
21,343,546
51.36%
Expenditures
42,699,798
16,186,789
37.91%
Net Position
(1,143,798)
5,156,757
Water Enterprise Fund
Revenues
45,363,504
16,504,191
36.38%
Expenditures
64,423,003
11,474,085
17.81%
Net Position
(19,059,498)
5,030,107
Internal Service Funds
Revenues
17,198,412
9,554,039
55.55%
Expenditures
22,527,529
9,791,543
43.46%
Net Position
(5,329,117)
(237,504)
Housing Authority Fund
Revenues
16,856,930
8,067,674
47.86%
Expenditures
17,505,050
7,955,304
45.45%
Net Position
(648,120)
112,370
ALL FUNDS
Revenues
304,913,753
122,830,319
40.28%
Expenditures
365,220,523
106,865,832
29.26%
Net Position
(60,306,770)
15,964,488
% to date
(Budget to
Actual)
ATTACHMENT
2 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 2021/22
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: