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ATTACHMENT
1 Monthly
Budget and Investment
Statement
As of
June 30
,
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 06/30/2022
as of 06/30/2022
as of 06/30/2022
Cash in Bank and on Hand
28,537,985
5,395,508
33,933,493
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
3,809,575
-
3,809,575
Municipal Bond / Note
10,144,543
-
10,144,543
Federal Agency Collateralized Mortgage Obligation
3,207,907
-
3,207,907
Federal Agency Bond / Note
11,727,826
-
11,727,826
Corporate Note
38,292,452
-
38,292,452
Commercial Paper
-
-
Certificate of Deposit
925,000
-
925,000
Asset-Backed Security / Collateralized Mortgage Obligation 9,553,348
-
9,553,348
Money Market Fund
524,352
-
524,352
TOTAL City of Napa Cash and Invested Funds
285,296,083
5,395,508
290,691,591
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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 06/30/2022
as of 06/30/2022
as of 06/30/2022
General Fund
55,053,168
55,053,168
Special Revenue Funds
80,854,306
80,854,306
CIP Funds
19,105,449
19,105,449
Enterprise Funds
84,110,822
84,110,822
Internal Service Funds
39,387,319
39,387,319
Gasser CFD Funds
2,125,696
2,125,696
Successor Agency Funds
-
-
Housing Funds
6,785,019
6,785,019
Payroll Clearing Account
3,269,813
3,269,813
TOTAL City of Napa Cash and Invested Funds
285,296,083
5,395,508
290,691,591
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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 06/30/2022
as of 06/30/2022
General Fund
Revenues
104,873,931
104,871,994
100.00%
Expenditures
103,957,761
99,061,178
95.29%
Net Position
916,170
5,810,816
Non-Recurring General Fund
Revenues
5,201,335
3,747,077
72.04%
Expenditures
9,731,301
4,194,594
43.10%
Net Position
(4,529,966)
(447,518)
Special Revenue Funds
Revenues
28,909,774
25,477,063
88.13%
Expenditures
52,270,459
11,151,744
21.33%
Net Position
(23,360,685)
14,325,319
Capital Project Funds
Revenues
51,340,293
13,916,425
27.11%
Expenditures
61,506,754
16,016,937
26.04%
Net Position
(10,166,461)
(2,100,512)
Materials Diversion Fund
Revenues
41,669,000
43,105,112
103.45%
Expenditures
42,812,798
35,984,052
84.05%
Net Position
(1,143,798)
7,121,061
Water Enterprise Fund
Revenues
61,438,147
33,373,669
54.32%
Expenditures
85,644,964
37,387,558
43.65%
Net Position
(24,206,816)
(4,013,888)
Internal Service Funds
Revenues
17,353,288
17,402,357
100.28%
Expenditures
22,527,529
15,337,478
68.08%
Net Position
(5,174,241)
2,064,879
Housing Authority Fund
Revenues
16,856,930
16,253,085
96.42%
Expenditures
17,505,050
16,343,383
93.36%
Net Position
(648,120)
(90,298)
ALL FUNDS
Revenues
327,642,698
258,146,782
78.79%
Expenditures
395,956,616
235,476,924
59.47%
Net Position
(68,313,918)
22,669,859
% to date
(Budget to
Actual)