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ATTACHMENT
1 Monthly
Budget and Investment
Statement
As of
May
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 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 05/31/2022
as of 05/31/2022
as of 05/31/2022
Cash in Bank and on Hand
18,210,639
3,936,827
22,147,466
Cash Proceeds from MDF Bond Issuance, received Nov 2016 88 -
88 Local Agency Investment Fund (LAIF)
56,214,804
-
56,214,804
CAMP Pool
0 -
0 U.S. Treasury Bond / Note
122,358,203
-
122,358,203
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
3,504,053
-
3,504,053
Federal Agency Bond / Note
11,727,826
-
11,727,826
Corporate Note
37,301,122
-
37,301,122
Commercial Paper
-
-
Certificate of Deposit
925,000
-
925,000
Asset-Backed Security / Collateralized Mortgage Obligation 9,667,554
-
9,667,554
Money Market Fund
152,406
-
152,406
TOTAL City of Napa Cash and Invested Funds
274,900,511
3,936,827
278,837,338
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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 05/31/2022
as of 05/31/2022
as of 05/31/2022
General Fund
44,115,605
44,115,605
Special Revenue Funds
81,434,325
81,434,325
CIP Funds
18,583,335
18,583,335
Enterprise Funds
85,256,162
85,256,162
Internal Service Funds
38,720,063
38,720,063
Gasser CFD Funds
2,125,268
2,125,268
Successor Agency Funds
(3,130)
(3,130)
Housing Funds
6,791,021
6,791,021
Payroll Clearing Account
1,814,689
1,814,689
TOTAL City of Napa Cash and Invested Funds
274,900,511
3,936,827
278,837,338
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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
-
to
-
Date (YTD) Actual
Net Position
amounts are to be
expected, given that both r
evenue 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 05/31/2022
as of 05/31/2022
General Fund
Revenues
104,868,627
95,959,804
91.50%
Expenditures
103,952,457
86,859,042
83.56%
Net Position
916,170
9,100,762
Non-Recurring General Fund
Revenues
5,201,335
3,523,855
67.75%
Expenditures
9,731,301
3,456,242
35.52%
Net Position
(4,529,966)
67,613
Special Revenue Funds
Revenues
28,909,774
24,362,593
84.27%
Expenditures
50,270,459
9,011,726
17.93%
Net Position
(21,360,685)
15,350,867
Capital Project Funds
Revenues
51,340,293
12,154,517
23.67%
Expenditures
61,006,754
13,761,020
22.56%
Net Position
(9,666,461)
(1,606,502)
Materials Diversion Fund
Revenues
41,669,000
39,159,021
93.98%
Expenditures
42,812,798
30,335,121
70.86%
Net Position
(1,143,798)
8,823,900
Water Enterprise Fund
Revenues
61,266,604
32,505,347
53.06%
Expenditures
85,301,878
30,738,932
36.04%
Net Position
(24,035,273)
1,766,415
Internal Service Funds
Revenues
17,353,288
15,011,829
86.51%
Expenditures
22,527,529
13,221,454
58.69%
Net Position
(5,174,241)
1,790,375
Housing Authority Fund
Revenues
16,856,930
15,119,182
89.69%
Expenditures
17,505,050
14,761,784
84.33%
Net Position
(648,120)
357,397
ALL FUNDS
Revenues
327,465,851
237,796,148
72.62%
Expenditures
393,108,226
202,145,321
51.42%
Net Position
(65,642,375)
35,650,827
% to date
(Budget to
Actual)