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ATTACHMENT
1 Monthly
Budget and Investment
Statement
As of
April
3 0
,
20 2
4 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 Fiduciary 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 information by City Fund.
City of Napa
Fiduciary
Funds
Grand Total
Type of Investment
Cash in Banks
23,731,692
192,243
23,923,935
Solid Waste Debt Service Bank Fund
136
136
Water Debt Service Bank Fund
2,708,401
2,708,401
Local Agency Investment Fund (LAIF)
48,140,664
48,140,664
California Asset Management Program (CAMP) Liquidity Fund 59,804,466
59,804,466
California Asset Management Program (CAMP) Operating Fund U.S. Treasury Bond / Note - Original Cost
75,760,219
75,760,219
U.S. Treasury Bill - Original Cost
-
-
Supra-National Agency Bond / Note - Original Cost
-
-
Municipal Bond / Note - Original Cost
5,809,655
5,809,655
Fed Agency Commercial Mortgage-Backed Security - Orig. Cost 31,762,931
31,762,931
Federal Agency Bond / Note - Original Cost
1,044,467
1,044,467
Corporate Note - Original Cost
49,740,309
49,740,309
Commercial Paper - Original Cost
-
-
Bank Note - Original Cost
2,804,816
2,804,816
Certificate of Deposit - Original Cost
6,550,000
6,550,000
Asset-Backed Security - Original Cost
30,353,480
30,353,480
Joint Powers Authority - Original Cost
137,094
137,094
Unsettled Trades
(142,443)
(142,443)
TOTAL City of Napa Cash and Invested Funds
338,205,884
192,243
338,398,127
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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.
Rajneil
Prasad
, Finance
Director
City of Napa
Fiduciary Funds
Grand Total
Fund
General Fund
36,839,416
36,839,416
American Rescue Plan Act
12,311,477
12,311,477
Special Revenue Funds
70,479,114
70,479,114
CIP Funds
66,689,013
66,689,013
Enterprise Funds
96,399,029
96,399,029
Internal Service Funds
48,909,172
48,909,172
Housing Funds
6,578,663
6,578,663
Payroll Clearing Account
(1,525,462)
(1,525,462)
Gasser CFD Funds
1,717,705
1,717,705
TOTAL City of Napa Cash and Invested Funds
338,205,884
192,243
338,398,127
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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 3
/2
4 budget. Negative Year
-
to
-
Date (YTD) Actual
Net Position
amounts are to be
expected, given that both revenue collections and expenditure incurrences fluctuate throughout the year.
FY 2023/24
Budget
FY 2023/24 YTD
Actual
as of 04/30/2024
as of 04/30/2024
General Fund
Revenues
124,666,843
83,251,446
66.78%
Expenditures
131,537,489
93,367,659
70.98%
Net Position
(6,870,646)
(10,116,214)
Non-Recurring General Fund
Revenues
4,375,709
5,397,041
123.34%
Expenditures
12,855,586
2,711,948
21.10%
Net Position
(8,479,878)
2,685,093
American Rescue Plan Act
Revenues
12,113,024
(27,954)
-0.23%
Expenditures
11,636,411
312,062
2.68%
Net Position
476,613
(340,016)
Special Revenue Funds
Revenues
40,067,690
31,127,211
77.69%
Expenditures
45,938,100
18,704,571
40.72%
Net Position
(5,870,410)
12,422,640
Capital Project Funds
Revenues
45,463,027
18,978,408
41.74%
Expenditures
94,725,092
20,051,386
21.17%
Net Position
(49,262,065)
(1,072,978)
Materials Diversion Fund
Revenues
44,135,000
33,752,372
76.48%
Expenditures
50,419,933
39,793,423
78.92%
Net Position
(6,284,933)
(6,041,051)
Water Enterprise Fund
Revenues
59,965,160
31,257,201
52.13%
Expenditures
80,505,126
28,102,291
34.91%
Net Position
(20,539,966)
3,154,911
Internal Service Funds
Revenues
25,014,123
16,943,687
67.74%
Expenditures
32,098,544
16,059,186
50.03%
Net Position
(7,084,421)
884,501
Housing Authority Fund
Revenues
26,929,670
18,588,785
69.03%
Expenditures
29,368,590
19,212,307
65.42%
Net Position
(2,438,920)
(623,521)
Gasser CFD Fund
Revenues
-
692,947
0.00%
Expenditures
1,147,440
1,157,135
100.84%
Net Position
(1,147,440)
(464,188)
Pooled Cash
Revenues
-
508,971
0.00%
Expenditures
-
15,013
0.00%
Net Position
-
493,957
ALL FUNDS
Revenues
382,730,245
240,470,115
62.83%
Expenditures
490,232,311
239,486,980
48.85%
Net Position
(107,502,066)
983,135
% to date
(Budget to
Actual)