FY 2022/23 End-of-Year Financial Report
As of June 30, 2023
Preliminary, Unaudited
Introduction
This End-of-Year Financial Report provides an analysis of the City’s General Fund and Proprietary Fund revenues and expenditures for the 2022/23 fiscal year. The numbers in this report are preliminary and subject to change, as the year is not yet officially closed.
The audited Annual Financial Report will be presented to the City Council in early 2024.
Management’s Overview
The FY 2022/23 budget as originally adopted in June 20 22 estimated operating revenues of $111.6 million to fund expenditures of $110.8 million. Strong transient occupancy tax (TOT) and sales tax returns led to budget increases at mid-year of $3.9 million. The final amended budget estimated total revenues of $115.9 million to fund expenditures of $1 16.0 million (includes $2.7 million of budget carried forward from FY 2021/22), resulting in a $2.7 million surplus.
Actual revenue s for the year were even higher than anticipated, particularly for sales tax, property tax, and licenses and permit s. As a result, total General Fund revenues for FY 2022/23 were $10.7 million higher than budgeted. $7.8 million is due to the mark-to-market investment adjustment that was correctly allocated across all funds rather than to the General Fund only as in the past.
Operating expenditures were tightly controlled and ended the year $ 6.3 million lower than budgeted.
The preliminary, unaudited numbers indicate that the City could have approximately $6.6 million ($16.2 million less the $9.6 million unrealized loss from FY 2021/22) in available fund balance for the fiscal year. City staff does not have a recommendation on the use of the funds yet as the audit is still in progress and the actual available fund balance could change.
FY 2022/23 General Fund Budget
Attachment 1
FY 2022/23
Budget
(as of 6/30/2023)
FY 2022/23
Actual
(as of 6/30/2023)
% to date
(Budget to
Actual)
FY 2021/22
Annual
Totals
Operating Revenues
Property Tax 40.99 42.93 105% 41.33
Sales Tax 22.21 22.58 102% 21.75
Transient Occupancy Tax 31.03 30.88 100% 28.73
Business License Tax 3.73 4.62 124% 4.04
Other Taxes 2.70 2.85 105% 2.80
Licenses and Permits 2.49 3.00 120% 3.02
Charges for Services 6.15 5.69 93% 6.16
Intergovernmental 0.95 0.75 79% 1.62
Investment Earnings 0.22 7.98 3625% (9.67)
Miscellaneous / Other Revenues 0.34 0.29 85% 0.26
Transfers In 3.12 3.12 100% 3.01
Total Operating Revenues 113.93 124.68 109% 103.06 Non-Operating Revenues
Excess ERAF Above Baseline 2.00 2.00 100% 2.30
Total Non-Operating Revenues 2.00 2.00 100% 2.30
Total Revenues 115.93 126.68 109% 105.36 Operating Expenditures
City Council / City Clerk 1.59 1.33 84% 1.41
City Manager 1.87 1.72 92% 1.54
Finance 9.06 8.35 92% 7.30
City Attorney 1.56 1.45 93% 1.27
Human Resources 2.38 2.05 86% 1.59
Community Development 5.48 4.70 86% 5.21
General Government 11.02 10.37 94% 12.14
Included in General Government:
Transfer to CIP Facilities Reserve 2.16 2.16 100% 1.91 Transfer to CIP General Reserve 1.08 1.08 100% 0.96
Transfer to General Fund Reserves 0.51 0.51 100% -
Police Department 35.25 34.04 97% 33.00
Fire Department 24.40 23.30 96% 23.15
Public Works 14.14 13.48 95% 10.88
Parks & Recreation 9.23 8.86 96% 7.85
Total Operating Expenditures 115.97 109.65 95% 105.34 Fund Balance for Carryforwards 2.69
Fund Balance for General Fund Reserves 0.85
Projected Net Position 2.66 16.18
General Fund Summary (in millions)
Major Revenues
Property Tax
FY 2022/23 Property Tax revenues are currently budgeted at $ 41.0 million, with another $2.0 million of Excess ERAF budgeted in the General Fund . The City’s major source of property tax revenue to the General Fund is residential property (80.5%), followed by commercial property (14.7%) and industrial property (3.2%).
FY 2022/23 property tax revenue exceeds the budget by 5%. The real estate market has thrived during the pandemic, with the increase in remote work leading to workers leaving urban centers to purchase homes in other locations . Looking ahead, home price growth is expected to slow due to rising mortgage rates.
Sales Tax
Sales Tax revenues for FY 2022/23 are currently budgeted at $22.2 million. Sales tax is received in monthly advances from the California Department of Tax and Fee Administration (CDTFA) based on prior year actual revenues received, and lag two (2) months behind. Actual revenues were 2% higher than the adjusted budget.
FY 2022/23 sales tax revenue for the City of Napa was 3.8% higher than the prior year, with the City receiving a 4 6.8% share of the County Pool. Restaurants and Hotels grew by 3.03%, with revenues increasing by $ 0.13 million. Building and Construction grew by 11.30%, with revenues increasing by $0.24 million. Overall, every category increased year -over-year with the exception of Fuel and Service Stations which saw a 1% drop, likely due to increased EV sales.
Our sales tax consultants, HdL Companies, does not expect this level of growth to continue into FY 2023/24. Sales tax growth is forecasted to plateau in FY 2023/24, and to slightly grow in FY 2024/25.
Transient Occupancy Tax
Transient Occupancy Tax (TOT) revenue was the hardest hit by the COVID -19 pandemic. The adopted budget for FY 2022/23 was $28.1 million, and the budget was increased with the Mid-Year Report to $31.1 million based on actual revenues.
Revenues continued to grow through the second half of the fiscal year, with actual revenue hitting a high of $30.9 million for FY 2022/23.
There were 2 9 hotels, 23 bed and breakfast establishments, 4 5 non-hosted and 40 hosted vacation rentals generating transient occupancy tax revenue within the City as of June 30.
Other Revenues
Business License Tax ended the year 24% over budget , illustrating the strong growth in the local economy. This also includes the recovery of lost revenue from HdL.
Other Taxes are in line with the City’s 5-year trends.
Licenses and Permits revenue, which were trending high at mid -year, came in at 120% of budget as development increased.
Charges for Services are in line with the City’s 5-year trends.
Intergovernmental revenues ended the year 1% over budget.
Investment Earnings ended the year at $7.75 million higher than budgeted due to allocation of mark-to-market losses for the fiscal year across all city funds .
Investments purchased prior to the Fed’s interest rate increases have lost value in the market, wiping out the actual interest earned from an accounting perspective.
Miscellaneous Revenues include Rents and Royalties , as well as Contributions/Donations from Private Sources. This category ended the year at 85% of the annual budget.
Non-Operating Revenues for FY 202 2/23 were the $2. 0 million of additional Excess ERAF budgeted to the General Fund in FY 2022/23 to balance the adopted budget.
Expenditures
The FY 2022/23 expenditure budget was $116.0 million.
Current projections for FY 2022/23 total expenditures are $109.7 million, $6.3 million under budget. Budget savings was achieved primarily by holding positions vacant and reducing spending on external services.
Savings in salaries, benefits, and services as compared to the amended budget were found across City departments, with the greatest savings found in Police ($1.2 million), Fire ($1.1 million) Public Works ($0. 7 million), Community Development ($0.7 million), and Finance ($0.7 million).
The following table provides the operating expenditure budget and preliminary, unaudited actual spent to date for each department through June 30, 2023:
Expenditures by Department
Budget
6/30/2023
$ in millions
Actual
6/30/2023
$ in millions %
City Council / City Clerk 1.59 1.33 84%
City Manager 1.87 1.72 92%
Finance 9.06 8.35 92%
City Attorney 1.56 1.45 93%
Human Resources 2.38 2.05 86%
Community Development 5.48 4.70 86%
General Government 11.02 10.37 94%
Police Department 35.25 34.04 97%
Fire Department 24.40 23.30 96%
Public Works 14.14 13.48 95%
Parks & Recreation 9.23 8.86 96%
Total Expenditures 115.97 109.65 95%
Non-Recurring General Fund
This fund is used for multi -year non-CIP projects, grants, and developer -funded consultants. As such, revenues rarely match expenditures in a fiscal year.
FY 2022/23
Budget
(as of 6/30/2023)
FY 2022/23
Actual
(as of 6/30/2023)
% to date
(Budget to
Actual)
FY 21/22
Annual
Totals
Beginning Fund Balance 6.48 6.48
Non-Recurring Revenues
Property Tax (Excess ERAF) 2.50 3.09 124% 0.77
Sales Tax - 0.02 n/a 0.03
Licenses and Permits 0.40 0.09 21% 0.16
Charges for Services 1.03 0.93 90% 1.21
Intergovernmental 5.85 1.73 30% 0.91
Investment Earnings 0.11 (0.23) -215% 0.01
Miscellaneous / Other Revenues 0.36 0.42 114% 0.17
Transfers In 0.09 0.09 100% 1.29
Total Non-Recurring Revenues 10.34 6.14 59% 4.55
Non-Recurring Expenditures
Salaries, Wages & Benefits 0.69 0.55 80% 0.70
Services 8.09 2.81 35% 1.98
Materials and Supplies 0.65 0.16 24% 0.09
Capital Outlay 2.39 1.79 75% -
Internal Services 0.01 - 0% 0.01
Transfers Out 0.70 0.70 100% 1.37
Total Non-Recurring Expenditures 12.54 6.01 48% 4.15
Net Impact of Non Recurring (2.20) 0.13
Projected Ending Fund Balance 4.28 6.61
Non-Recurring General Fund Summary (in millions)
General Fund Reserves
In accordance with the City’s Fiscal Policy, the City maintains an Operating Reserve of 5%, an Emergency Reserve of 14% and a Contingency Reserve of 1% of the annual General Fund Operating Budget. The CIP Facilities Reserve receives a transfer equal to 2% of the General Fund Operating Budget, and the CIP General Fund Reserve a transfer of 1% of the General Fund Operating Budget.
Proprietary Funds
In addition to the General Fund, the End of Year Financial Report also provides a snapshot of the City’s Proprietary Funds. Proprietary funds are those funds in which the City charges a fee to customers to recover the cost of providing the service. These funds are made up of Enterprise Funds and Internal Service Funds.
Both types of funds are presented separately below, along with summary information for each of the individual funds within each category.
Enterprise Funds
Enterprise Funds are those funds that provide goods or services to the public for a fee that makes the entity self-supporting. Napa’s Enterprise Funds include: Solid Waste & Recycling and Water. A listing of these funds and summary of the activity for FY 2022/23 follows below:
Solid Waste & Recycling Fund
The Solid Waste & Recycling (SWR) Fund is responsible for the collection, processing, public education and long -term planning related to solid waste materials generated in the City of Napa. Beyond the safe and cost -effective handling of solid waste materials, the fund’s primary mission is to maximize the diversion of solid waste materials from landfill disposal in order to meet or exceed State mandates. A summary of the preliminary, unaudited SWR Fund activity through June 30, 2023 is provided below:
FY 2022/23
Beginning
Balance Usage
Budgeted
Transfers
In
FY 2022/23
Ending
Balance
Emergency Reserve 15.40 - - 15.40
Operating Reserve 4.94 - 0.33 5.37
Contingency Reserve 0.99 - 0.07 1.07
CIP Facilities Reserve 12.49 (4.53) 2.16 10.15
CIP General Fund Projects Reserve 9.68 (9.92) 1.08 0.86 Total Reserves 43.49 (14.45) 3.63 32.85
Reserves
(in millions)
FY 2022/23
Amended
Budget
(as of 6/30/2023)
FY 2022/23
Actual
(as of
6/30/2023)
% to date
(Budget to
Actual)
FY 2021/22
Annual
Totals
Revenues
Refuse Collection Charges 29.15 30.13 103% 24.36
MDF Gate Fees 4.42 4.78 108% 4.81
Material Sales 9.98 9.23 92% 8.19
Other Revenues 0.23 (0.44) -188% 0.24
Total Revenues 43.79 43.70 100% 37.60
Expenditures
Salaries and Benefits 1.61 1.48 92% 1.23
Contractor Service 31.33 30.61 98% 23.29
Transfer Station Disposal Fees 3.74 3.51 94% 3.15
MDF Facility Materials 2.80 2.46 88% 4.30
Debt Service 0.87 0.29 34%
Other Materials, Supplies & Services 4.01 4.31 107% 3.27 Administrative Support 0.66 0.66 100%
Transfer Out to Street Resurfacing 1.15 1.15 100%
Transfer Out to SWR CIP Fund 0.73 0.73 100%
Transfer Out to SWR Non-Recurring Fund 2.37 2.37 100% Total Expenditures 49.28 47.57 97% 31.97
Fund Balance for Carryforwards 3.80 3.80
Surplus / (Deficit) (1.70) (0.07)
Solid Waste & Recycling Operating Fund
FY 2022/23
Amended
Budget
(as of 6/30/2023)
FY 2022/23
Actual
(as of
6/30/2023)
% to date
(Budget to
Actual)
FY 2021/22
Annual
Totals
Revenues
Transfer In from SWR Operating Fund 0.73 0.73 100% 24.36 Total Revenues 0.73 0.73 100% 37.60
Expenditures
Capital Projects 0.72 0.30 41% 1.23
Total Expenditures 0.72 0.30 41% 31.97
Fund Balance for Carryforwards 0.39
Surplus / (Deficit) 0.40 0.44
Solid Waste & Recycling CIP Fund
Overall operating revenues are as expected. Refuse collection charges are slightly higher than budgeted. Revenue from Gate Fees is slightly over budget, at 108%.
Materials sales revenue is 8% lower than adopted budget. Operating expenditures continue to come in lower than budgeted.
FY 2022/23
Amended
Budget
(as of 6/30/2023)
FY 2022/23
Actual
(as of
6/30/2023)
% to date
(Budget to
Actual)
FY 2021/22
Annual
Totals
Revenues
Organics Grant 1.50 1.53 102% 24.36
Transfer In from SWR Operating Fund 2.37 2.37 100% 4.81 Total Revenues 3.88 3.90 101% 37.60
Expenditures
Organics Grant 1.50 - 0% 1.23
Other Expenditures 2.42 1.71 71% 23.29
Total Expenditures 3.93 1.71 44% 31.97
Surplus / (Deficit) (0.05) 2.19
Solid Waste & Recycling Non-Recurring Fund
Water Fund
The Water Fund is responsible for the operation, maintenance and improvement of the municipal water system serving the City and adjacent areas. The Fund’s mission is to provide an uninterrupted supply of high quality and low-cost water to the community for consumption, sanitary needs, irrigation, and fire protection. The Water Fund’s Administration, Engineering, Treatment, and Distribution sections accomplish this mission by delivering over 13,200 acre-feet (4.3 billion gallons) of water meeting State and Federal drinking water regulations, inv esting in capital improvements, planning for long -term water supply needs, responding to emergency repairs, and maintaining a proactive water conservation program. A summary of the preliminary, unaudited Water Fund activity through June 30, 2023 is provided below:
FY 2022/23
Amended
Budget
(as of
6/30/2023)
FY 2022/23
Actual
(as of
6/30/2023)
% to date
(Budget to
Actual)
FY 2021/22
Annual Totals
Revenues
Charges for Services 35.07 34.94 100% 38.80
Other Revenues 0.73 0.75 103% 0.14
Total Revenues 35.80 35.69 100% 38.94
Expenditures
Salaries and Benefits 11.76 9.99 85% 8.50
Services, Materials and Supplies 9.33 12.02 129% 12.97 NBA Water Supply 10.59 8.69 82%
Administrative Support 1.91 1.91 100% 1.70
Water Bond Debt Service 3.33 3.33 100%
Transfer Out to Water CIP Fund 5.09 5.09 100%
Transfer Out to Water Non-Recurring Fund - - n/a
Transfer Out to Fleet 0.06 0.06 100%
Total Expenditures 42.05 41.07 98% 23.16
Surplus / (Deficit) (6.25) (5.38) 15.78
Water Operating Fund
Revenue is as budgeted. Operating expenditures are slightly lower than budget.
Although operating costs for consumables are up due to post-pandemic supply FY 2022/23
Amended
Budget
(as of
6/30/2023)
FY 2022/23
Actual
(as of
6/30/2023)
% to date
(Budget to
Actual)
FY 2021/22
Annual Totals
Revenues
Capital Projects Distribution - - n/a 38.80
Capital Projects Supply 0.10 0.18 178%
Capital Projects Transmission 0.36 - 0%
Capital Projects Treatment - - n/a
Capacity Fees 1.40 1.18 84%
Transfer In from Water Operating Fund 5.09 5.09 100%
Other Revenues - - n/a
Total Revenues 6.95 6.45 93% 38.80
Expenditures
Capital Projects Administration 0.14 0.04 32%
Capital Projects Distribution 5.23 0.87 17% 8.50
Capital Projects Supply 2.17 0.27 12% 12.97
Capital Projects Transmission 4.82 2.84 59%
Capital Projects Treatment 4.58 0.02 0%
Total Expenditures 16.93 4.04 24% 23.16
Fund Balance for Carryforwards 19.37 19.37
Surplus / (Deficit) 9.39 21.78 15.64
Water CIP Fund
FY 2022/23
Amended
Budget
(as of
6/30/2023)
FY 2022/23
Actual
(as of
6/30/2023)
% to date
(Budget to
Actual)
FY 2021/22
Annual Totals
Revenues
SWP Refund - Reach3B Allocn 0.72 0.25 35% 38.80
Other Revenues - - n/a 0.14
2014 Earthquake Revenues (FEMA/CalOES) 1.17 - 0%
2017 Fire Revenues (FEMA/CalOES) 5.75 - 0%
Total Revenues 7.64 0.25 3% 38.94
Expenditures
2014 Earthquake Projects 1.63 - 0%
2017 Fire Projects 8.07 0.06 1%
Administrative Support 0.01 0.01 100% 1.70
Other Expenditures 2.37 0.81 34% 12.97
Total Expenditures 12.09 0.88 7% 23.16
Fund Balance for Carryforwards 8.78 8.78
Surplus / (Deficit) 4.33 8.15 15.78
Water Non-Recurring Fund
chain shortages, fuel prices, and inflation, numerous staff vacancies have suppressed salaries and benefits below budget.
Most capital improvement projects (CIP) are in the planning and design phase therefore actual expenditures are just 24% of budgeted costs for design and construction.
Internal Service Funds
Internal Service Funds are used to account for the financing of goods and services provided by one department to other departments of the city. Napa’s Internal Service Funds include Fleet Management, Information Technology Replacement, Risk Management, Post-Employment Benefits, and Equipment Replacement.
Internal Service Funds
FY 2022/23
Budget
(as of
6/30/2023)
FY 2022/23
Actual
(as of
6/30/2023)
% to date
(as of
6/30/2023)
FY 2021/22
Actual
(as of
6/30/2022)
Fleet Management Fund
Available Capital [1] 6.66 6.66
Revenues 5.10 5.00 98% 5.04
Expenditures 10.22 4.77 47% 2.43
Fund Balance Addition/(Reduction) (5.12) 0.23 2.61
Projected Ending Available Balance 1.54 6.89
Fleet - Fire Apparatus Replacement Fund
Available Capital [1] 3.97 3.97
Revenues 0.64 0.42 65% 0.42
Expenditures 0.50 0.58 118% 2.43
Fund Balance Addition/(Reduction) 0.15 (0.17) (2.00)
Projected Ending Available Balance 4.11 3.80
IT Replacement
Available Capital [1] 0.32 0.32
Revenues 0.30 0.23 77% 0.29
Expenditures 0.29 0.09 30% 0.12
Fund Balance Addition/(Reduction) 0.01 0.14 0.17
Projected Ending Available Balance 0.32 0.46
Risk Management - General Liability [2]
Available Capital [1] (0.11) (0.11)
Revenues 24.05 24.10 100%
Expenditures 26.28 20.69 79%
Fund Balance Addition/(Reduction) (2.23) 3.41
Projected Ending Available Balance (2.34) 3.30
Workers Compensation [2]
Available Capital [1] 3.93 3.93
Revenues 4.76 4.74 100%
Expenditures 4.88 2.94 60%
Fund Balance Addition/(Reduction) (0.12) 1.79
Projected Ending Available Balance 3.81 5.72
Unemployment Insurance [2]
Available Capital [1] 0.29 0.29
Revenues 0.13 0.14 103%
Expenditures 0.10 0.05 52%
Fund Balance Addition/(Reduction) 0.03 0.08
Projected Ending Available Balance 0.32 0.38
Post Employment Benefits (PEB)
Available Capital [1] 7.54 7.54
Revenues 1.34 1.19 89% 0.46
Expenditures 2.10 2.04 97% 1.12
Fund Balance Addition/(Reduction) (0.76) (0.84) (0.66)
Projected Ending Available Balance 6.79 6.70
Equipment Replacement
Available Capital [1] 0.75 0.75
Revenues 0.34 0.34 100% 0.16
Expenditures 0.05 0.03 57% 0.00
Fund Balance Addition/(Reduction) 0.29 0.31 0.16
Projected Ending Available Balance 1.04 1.06
[1] Available Capital = Fund Balance available for Appropriation [2] General Liability, Workers Compensation, and Unemployment were combined in one fund in FY 2021/22
What We Are Watching
Nationally:
The Federal Reserve Board is continuing to attempt to mitigate high inflation rates with further interest rate increases. On July 26 the Fed announced another 25- basis point interest rate hike, bringing the benchmark rate to the highest it’s been since 2007. The current federal funds rate is now 5.25%-5.50%, as compared to
4.25%-4.5% in December 2022.
Nationwide, unemployment was at 3. 9% for October 2023. Unemployment rates continue to be higher for Black (5. 8%) and Hispanic or Latino ( 4.8%) people, as well as teenagers (1 3.2%) and people without a high school diploma (5.8%) per the U.S. Bureau of Labor Statistics.
The third quarter estimate of 2023 shows an increase of 4.9% in US GDP, while the second quarter increase was 2.1%.
In September, the 12 -month CPI change was 3.7%, with consumer food prices increasing by 3.7% from September 2022 to September 2023. Shelter prices rose
7.2% year over year.
State:
California prices have grown by 1 7% overall since December 2020, with inflation shifting to food and other services, which includes shelter. The unemployment rate as of October was 4.8% and has increased by 0.7% in the last twelve months.
The Legislative Analyst’s Office’s currently anticipates that the big three tax revenues for California (personal income, corporation, and sales) will end the fiscal year about $5 billion under budget. Inflation -adjusted retail sales have remained flat over the last 12 months.
The market for the Bay Area home price s is leveling out. California homes sales decreased by 9.2% from November 202 2 to October 2023. Bay Area sales increased by 28% within the same period. In October 202 3, Bay Area median prices were $1.269 million at the median, up just 0.3% from November 2022.
Gas prices fluctuated over the last 12 months, but the average price in November 2023 was just 3.2% lower than November 2022. Average gas price in February 2023 was $4.821/gallon, and prices have been over $4.00/gallon since April 2021.
Local Economic Condition:
The City relies on the TOT and sales tax revenue generated by visitors to the area. TOT revenue was almost as anticipated but is unknown if this is sustainable and will continue to be closely monitored. Napa County hotels have regained pre-pandemic level of prices for hotel rooms, and occupancy rates were
close to pre-pandemic levels in 2023. 2024 is likely to be a year of slower growth of hotel revenues, but of continued strength for the city economy.
In Napa County, the median single-family home sold price in October 2023 was $1,027,500 – slightly higher than October 2022’s median home price of $975,000 but substantially higher than the pre-pandemic price of $659,500 in February 2020.
Napa County’s unemployment rate continues to be lower than California’s overall rate and was 3.5% for October 2023 after seasonal adjustments. This is higher from the 2.9% unemployment rate experienced in October 2022.
Mid-Year Appropriation Adjustments
In accordance with Fiscal Policy 5.b.iii, adopted by City Council on June 21, 2022, the City Manager is authorized to increase appropriations for specific purposes, as long as the expenditure appropriations do not exceed the amount of the revenue, and the adjustment is reported to the City Council as part of the next regular financial report. The adjustments shown below were posted between 1/1/2 3 and 6/30/23.
Budget Adjustment Summary (Department /
Purpose) Revenues Expenditures
Parks & Recreation / Donation 13,614.39 13,614.39
Total Operating General Fund 13,614.39 13,614.39
Budget Adjustment Summary (Department /
Purpose) Revenues Expenditures
Fire / Donation 74,750.00 74,750.00
Fire / Grant 31,800.00 31,800.00
Human Resources / Flex Account Forfeitures 18,558.77 18,558.77 Parks & Recreation / Napa Lighted Art Festival Donations and Sponsorships 59,050.00 59,050.00
Parks & Recreation / Donations 23,250.00 23,250.00
Police / Grants 204,803.48 204,803.48
Total Non-Recurring General Fund 412,212.25 412,212.25
Budget Adjustment Summary (Fund / Department /
Purpose) Revenues Expenditures
General Liability / City Manager / Reimbursements 17,744,912.75 17,744,912.75 Workers Compensation / City Manager /
Reimbursements 6,543.29 6,543.29
Section 8 / City Manager / HAP Adjustments 350,000.00 350,000.00 Continuum of Care / City Manager / HAP Adjustments 24,315.00 24,315.00 Total Other Funds 18,125,771.04 18,125,771.04