Page
1 of 3
ATTACHMENT
1 Monthly
Budget and Investment
Statement
As of
January
3 1
, 20
2 2
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 01/31/2022
as of 01/31/2022
as of 01/31/2022
Cash in Bank and on Hand
21,029,217
(1,526,280)
19,502,937
Cash Proceeds from MDF Bond Issuance, received Nov 2016 148,266
-
148,266
Local Agency Investment Fund (LAIF)
56,170,540
-
56,170,540
CAMP Pool
0 -
0 U.S. Treasury Bond / Note
114,278,891
-
114,278,891
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
3,024,993
-
3,024,993
Federal Agency Bond / Note
13,540,713
-
13,540,713
Corporate Note
25,184,052
-
25,184,052
Commercial Paper
-
-
Certificate of Deposit
2,725,000
-
2,725,000
Asset-Backed Security / Collateralized Mortgage Obligation 7,514,166
-
7,514,166
Money Market Fund
156,408
-
156,408
TOTAL City of Napa Cash and Invested Funds
259,323,023
(1,526,280)
257,796,743
ATTACHMENT
1 Page
2 of 3
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 01/31/2022
as of 01/31/2022
as of 01/31/2022
General Fund
37,741,608
37,741,608
Special Revenue Funds
75,346,078
75,346,078
CIP Funds
17,726,563
17,726,563
Enterprise Funds
84,423,190
84,423,190
Internal Service Funds
37,352,945
37,352,945
Gasser CFD Funds
1,911,906
1,911,906
Successor Agency Funds
(3,130)
(3,130)
Housing Funds
6,732,638
6,732,638
Payroll Clearing Account
(3,435,056)
(3,435,056)
TOTAL City of Napa Cash and Invested Funds
259,323,023
(1,526,280)
257,796,743
ATTACHMENT
1 Page
3 of 3
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
-
t
o
-
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.org/727/Fiscal
-
Transparency
FY 2021/22
Budget
FY 2021/22 YTD
Actual
as of 01/31/2022
as of 01/31/2022
General Fund
Revenues
104,707,596
56,571,020
54.03%
Expenditures
103,791,426
53,663,462
51.70%
Net Position
916,170
2,907,558
Non-Recurring General Fund
Revenues
4,296,451
2,025,303
47.14%
Expenditures
8,826,417
2,783,170
31.53%
Net Position
(4,529,966)
(757,867)
Special Revenue Funds
Revenues
28,456,424
14,665,469
51.54%
Expenditures
48,892,909
5,447,813
11.14%
Net Position
(20,436,485)
9,217,655
Capital Project Funds
Revenues
49,320,100
6,164,079
12.50%
Expenditures
59,402,731
8,761,486
14.75%
Net Position
(10,082,631)
(2,597,407)
Materials Diversion Fund
Revenues
41,556,000
24,443,282
58.82%
Expenditures
42,699,798
18,572,870
43.50%
Net Position
(1,143,798)
5,870,413
Water Enterprise Fund
Revenues
49,973,604
18,436,820
36.89%
Expenditures
71,185,628
15,772,965
22.16%
Net Position
(21,212,023)
2,663,855
Internal Service Funds
Revenues
17,353,288
10,458,522
60.27%
Expenditures
22,527,529
10,316,992
45.80%
Net Position
(5,174,241)
141,529
Housing Authority Fund
Revenues
16,856,930
9,484,579
56.27%
Expenditures
17,505,050
9,260,512
52.90%
Net Position
(648,120)
224,067
ALL FUNDS
Revenues
312,520,394
142,249,074
45.52%
Expenditures
374,831,489
124,579,270
33.24%
Net Position
(62,311,095)
17,669,804
% to date
(Budget to
Actual)