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ATTACHMENT
1 Monthly
Budget and Investment
Statement
As of
April
3 0,
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 Fiducia
ry 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 out the i nformation by City Fund.
City of Napa
Fiduciary Funds
Grand Total
Type of Investment
as of 04/30/2022
as of 04/30/2022
as of 04/30/2022
Cash in Bank and on Hand
35,592,778
1,982,349
37,575,128
Cash Proceeds from MDF Bond Issuance, received Nov 2016 88 -
88 Local Agency Investment Fund (LAIF)
56,214,804
-
56,214,804
CAMP Pool
(197,827)
-
(197,827)
U.S. Treasury Bond / Note
111,213,887
-
111,213,887
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
2,647,670
-
2,647,670
Federal Agency Bond / Note
12,861,964
-
12,861,964
Corporate Note
30,234,312
-
30,234,312
Commercial Paper
-
-
Certificate of Deposit
2,725,000
-
2,725,000
Asset-Backed Security / Collateralized Mortgage Obligation 7,906,757
-
7,906,757
Money Market Fund
277,656
-
277,656
TOTAL City of Napa Cash and Invested Funds
274,315,906
1,982,349
276,298,255
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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 04/30/2022
as of 04/30/2022
as of 04/30/2022
General Fund
43,997,772
43,997,772
Special Revenue Funds
79,358,330
79,358,330
CIP Funds
19,269,332
19,269,332
Enterprise Funds
86,146,948
86,146,948
Internal Service Funds
38,884,259
38,884,259
Gasser CFD Funds
1,555,657
1,555,657
Successor Agency Funds
(3,130)
(3,130)
Housing Funds
6,659,265
6,659,265
Payroll Clearing Account
429,822
429,822
TOTAL City of Napa Cash and Invested Funds
274,315,906
1,982,349
276,298,255
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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
-
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 04/30/2022
as of 04/30/2022
General Fund
Revenues
104,868,627
87,323,723
83.27%
Expenditures
103,952,457
79,742,881
76.71%
Net Position
916,170
7,580,842
Non-Recurring General Fund
Revenues
4,599,335
2,954,591
64.24%
Expenditures
9,129,301
3,344,197
36.63%
Net Position
(4,529,966)
(389,606)
Special Revenue Funds
Revenues
28,909,774
21,767,122
75.29%
Expenditures
50,270,459
8,512,485
16.93%
Net Position
(21,360,685)
13,254,637
Capital Project Funds
Revenues
51,340,293
11,756,613
22.90%
Expenditures
61,006,754
12,791,856
20.97%
Net Position
(9,666,461)
(1,035,243)
Materials Diversion Fund
Revenues
41,669,000
35,705,780
85.69%
Expenditures
42,812,798
28,092,587
65.62%
Net Position
(1,143,798)
7,613,193
Water Enterprise Fund
Revenues
49,973,604
26,788,293
53.60%
Expenditures
71,185,628
23,251,990
32.66%
Net Position
(21,212,023)
3,536,304
Internal Service Funds
Revenues
17,353,288
14,226,648
81.98%
Expenditures
22,527,529
12,344,660
54.80%
Net Position
(5,174,241)
1,881,988
Housing Authority Fund
Revenues
16,856,930
13,444,944
79.76%
Expenditures
17,505,050
13,392,859
76.51%
Net Position
(648,120)
52,085
ALL FUNDS
Revenues
315,570,851
213,967,714
67.80%
Expenditures
378,389,976
181,473,514
47.96%
Net Position
(62,819,125)
32,494,199
% to date
(Budget to
Actual)