Page
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ATTACHMENT
1 Monthly
Budget and Investment
Statement
As of
March
31 , 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 03/31/2022
as of 03/31/2022
as of 03/31/2022
Cash in Bank and on Hand
22,141,710
801,377
22,943,087
Cash Proceeds from MDF Bond Issuance, received Nov 2016 88 -
88 Local Agency Investment Fund (LAIF)
56,170,540
-
56,170,540
CAMP Pool
0 -
0 U.S. Treasury Bond / Note
112,035,240
-
112,035,240
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
2,928,384
-
2,928,384
Federal Agency Bond / Note
12,861,964
-
12,861,964
Corporate Note
28,669,832
-
28,669,832
Commercial Paper
-
-
Certificate of Deposit
2,725,000
-
2,725,000
Asset-Backed Security / Collateralized Mortgage Obligation 8,044,752
-
8,044,752
Money Market Fund
306,444
-
306,444
TOTAL City of Napa Cash and Invested Funds
260,722,771
801,377
261,524,149
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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 03/31/2022
as of 03/31/2022
as of 03/31/2022
General Fund
33,655,332
33,655,332
Special Revenue Funds
75,197,120
75,197,120
CIP Funds
19,881,197
19,881,197
Enterprise Funds
85,998,323
85,998,323
Internal Service Funds
39,335,285
39,335,285
Gasser CFD Funds
1,558,135
1,558,135
Successor Agency Funds
(3,130)
(3,130)
Housing Funds
6,655,515
6,655,515
Payroll Clearing Account
(753,628)
(753,628)
TOTAL City of Napa Cash and Invested Funds
260,722,771
801,377
261,524,149
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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 03/31/2022
as of 03/31/2022
General Fund
Revenues
104,796,627
68,782,447
65.63%
Expenditures
103,880,457
72,047,406
69.36%
Net Position
916,170
(3,264,959)
Non-Recurring General Fund
Revenues
4,575,808
2,638,575
57.66%
Expenditures
9,105,774
3,139,354
34.48%
Net Position
(4,529,966)
(500,779)
Special Revenue Funds
Revenues
28,489,680
16,754,997
58.81%
Expenditures
49,562,165
7,591,064
15.32%
Net Position
(21,072,485)
9,163,933
Capital Project Funds
Revenues
50,539,930
11,202,792
22.17%
Expenditures
60,206,391
11,697,182
19.43%
Net Position
(9,666,461)
(494,390)
Materials Diversion Fund
Revenues
41,556,000
32,188,463
77.46%
Expenditures
42,699,798
25,084,353
58.75%
Net Position
(1,143,798)
7,104,110
Water Enterprise Fund
Revenues
49,973,604
24,123,058
48.27%
Expenditures
71,185,628
21,294,464
29.91%
Net Position
(21,212,023)
2,828,593
Internal Service Funds
Revenues
17,353,288
13,491,118
77.74%
Expenditures
22,527,529
11,220,204
49.81%
Net Position
(5,174,241)
2,270,915
Housing Authority Fund
Revenues
16,856,930
12,104,194
71.81%
Expenditures
17,505,050
12,029,611
68.72%
Net Position
(648,120)
74,583
ALL FUNDS
Revenues
314,141,867
181,285,643
57.71%
Expenditures
376,672,792
164,103,637
43.57%
Net Position
(62,530,925)
17,182,006
% to date
(Budget to
Actual)