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ATTACHMENT
2 Monthly
Budget and Investment
Statement
As of
February 28
, 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 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 02/28/2022
as of 02/28/2022
as of 02/28/2022
Cash in Bank and on Hand
20,111,113
112,664
20,223,777
Cash Proceeds from MDF Bond Issuance, received Nov 2016 88 -
88 Local Agency Investment Fund (LAIF)
56,170,540
-
56,170,540
CAMP Pool
(103)
-
(103)
U.S. Treasury Bond / Note
114,756,389
-
114,756,389
U.S. Treasury Bill
-
-
-
Supra-National Agency Bond / Note
4,694,274
-
4,694,274
Municipal Bond / Note
10,144,543
-
10,144,543
Federal Agency Collateralized Mortgage Obligation
2,968,198
-
2,968,198
Federal Agency Bond / Note
13,540,713
-
13,540,713
Corporate Note
25,677,882
-
25,677,882
Commercial Paper
-
-
Certificate of Deposit
2,725,000
-
2,725,000
Asset-Backed Security / Collateralized Mortgage Obligation 7,356,274
-
7,356,274
Money Market Fund
215,651
-
215,651
TOTAL City of Napa Cash and Invested Funds
258,360,560
112,664
258,473,225
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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
, Finance
Director
City of Napa
Fiduciary Funds
Grand Total
Fund
as of 02/28/2022
as of 02/28/2022
as of 02/28/2022
General Fund
33,842,261
33,842,261
Special Revenue Funds
74,340,589
74,340,589
CIP Funds
20,035,988
20,035,988
Enterprise Funds
85,599,787
85,599,787
Internal Service Funds
37,833,374
37,833,374
Gasser CFD Funds
1,912,195
1,912,195
Successor Agency Funds
(3,130)
(3,130)
Housing Funds
6,708,562
6,708,562
Payroll Clearing Account
(1,796,401)
(1,796,401)
TOTAL City of Napa Cash and Invested Funds
258,360,560
112,664
258,473,225
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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 z
ero.
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.org/727/Fiscal
-
Transparency
FY 2021/22
Budget
FY 2021/22 YTD
Actual
as of 02/28/2022
as of 02/28/2022
General Fund
Revenues
104,707,596
62,077,104
59.29%
Expenditures
103,791,426
63,602,408
61.28%
Net Position
916,170
(1,525,304)
Non-Recurring General Fund
Revenues
4,296,451
2,142,435
49.87%
Expenditures
8,826,417
2,984,049
33.81%
Net Position
(4,529,966)
(841,614)
Special Revenue Funds
Revenues
28,456,424
15,083,697
53.01%
Expenditures
48,892,909
6,869,126
14.05%
Net Position
(20,436,485)
8,214,571
Capital Project Funds
Revenues
49,320,100
10,402,801
21.09%
Expenditures
59,402,731
10,730,994
18.06%
Net Position
(10,082,631)
(328,193)
Materials Diversion Fund
Revenues
41,556,000
28,279,802
68.05%
Expenditures
42,699,798
21,890,691
51.27%
Net Position
(1,143,798)
6,389,112
Water Enterprise Fund
Revenues
49,973,604
21,866,096
43.76%
Expenditures
71,185,628
18,317,680
25.73%
Net Position
(21,212,023)
3,548,416
Internal Service Funds
Revenues
17,353,288
11,291,515
65.07%
Expenditures
22,527,529
10,603,760
47.07%
Net Position
(5,174,241)
687,755
Housing Authority Fund
Revenues
16,856,930
10,784,379
63.98%
Expenditures
17,505,050
10,631,126
60.73%
Net Position
(648,120)
153,253
ALL FUNDS
Revenues
312,520,394
161,927,829
51.81%
Expenditures
374,831,489
145,629,833
38.85%
Net Position
(62,311,095)
16,297,996
% to date
(Budget to
Actual)