City Hall: 955 School Street, Napa CA 94559
Mailing Address: P.O. Box 660, Napa CA 94559
(707) 257
-
950
3
www.cityofnapa.org
M E M O
TO:
Mayor and City Council
M
embers
FROM:
Raj Prasad
,
Finance Director
DATE:
December
1 , 2023
SUBJECT:
Correction to Agenda Item
13 .A
-
Fiscal Year 2022
/
23 End of Year
Report
Update
-
Unaudited
Subsequent to
publishing the
agenda material for the
December
5 ,
2023,
City Council
meeting,
an edit
to
Agenda Item
13 .A
–
Fiscal Year 202
2/
23 End of
Year Report
Update
–
Unaudited was
identified.
END OF
YEAR FINAN
CIAL REPORT
(Attachment
1 )
1. The General Fund
Reserves
Table on page
7 of
1 6
has been updated as follows:
FY 2022/23
Beginning
Balance Usage Transfers In
FY 2022/23
Ending
Balance
Emergency Reserve 15.40 - 0.13 15.52 Operating Reserve 4.94 - 0.61 5.54 Contingency Reserve 0.99 - 0.12 1.11 CIP Facilities Reserve 6.75 - 0.10 6.85 CIP General Fund Projects Reserve 3.73 - - 3.73 Total Reserves 31.80 - 0.95 32.75 Reserves
(in millions)
Item 13.A.