ATTACHMENT 1
Monthly Budget and Investment Statement
As of June 30, 2025
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 requirements 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.
Investment Type City of Napa Fiduciary Funds Grand TotalCash in Banks31,525,964$ 3,370,524$ 34,896,487$ Solid Waste Debt Service Bank Fund- - - Water Debt Service Bank Fund- - - Local Agency Investment Fund (LAIF)49,797,156 - 49,797,156 California Asset Management Program (CAMP) Liquidity Fund63,304,332 - 63,304,332 California Asset Management Program (CAMP) Operating FundU.S. Treasury Bond / Note - Original Cost96,458,343 - 96,458,343 U.S. Treasury Bill - Original Cost- - Municipal Bond/ Note - Original Cost245,000 - 245,000 Supra-National Agency Bond / Note - Original Cost- - Fed Agency Commercial Mortgage-Backed Security - Orig. Cost30,439,491 - 30,439,491 Federal Agency Bond / Note - Original Cost- - Corporate Note - Original Cost44,019,898 - 44,019,898 Commercial Paper - Original Cost- - Certificate of Deposit - Original Cost4,950,000 - 4,950,000 Bank Note - Original Cost2,644,816 - 2,644,816 Asset-Backed Security - Original Cost29,397,226 - 29,397,226 Joint Powers Authority - Original Cost2,593,088 - 2,593,088 Unsettled Trades0 - 0 TOTAL City of Napa Cash and Invested Funds 355,375,313$ 3,370,524$ 358,745,837$ Fund Type City of Napa Fiduciary Funds Grand TotalGeneral Fund 31,958,154$ -$ 31,958,154$ Measure G 1,305,849.5 - 1,305,849.5 American Rescue Plan Act 1,315,821 - 1,315,821 Special Revenue Funds 112,924,421 - 112,924,421 CIP Funds 38,922,522 - 38,922,522 Enterprise Funds 99,640,954 - 99,640,954 Internal Service Funds 59,346,854 - 59,346,854 Housing Funds 9,960,737 - 9,960,737 Payroll Clearing Account - 1,000,767 1,000,767 Gasser CFD Funds - 2,369,757 2,369,757 TOTAL City of Napa Cash and Invested Funds 355,375,313$ 3,370,524$ 358,745,837$ ATTACHMENT 1
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.
Donna Lee, Finance Director
ATTACHMENT 1
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 2024/25 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 2024/25 BudgetFY 2024/25 YTD Actualas of 6/30/2025 as of 6/30/2025General FundRevenues 133,314,374 137,091,116 102.83%Expenditures 139,548,568 133,693,110 95.80%Net Position (6,234,195) 3,398,005 Measure G General FundRevenues 5,140,000 5,696,155 110.82%Expenditures 5,000,000 - 0.00%Net Position 140,000 5,696,155 Non-Recurring General FundRevenues 8,015,820 7,850,043 97.93%Expenditures 12,025,376 6,173,657 51.34%Net Position (4,009,556) 1,676,386 American Rescue Plan ActRevenues 8,433,948 7,240,125 85.85%Expenditures 8,452,472 7,240,125 85.66%Net Position (18,524) - Special Revenue FundsRevenues 27,197,777 35,914,007 132.05%Expenditures 43,022,976 (17,404,568) -40.45%Net Position (15,825,199) 53,318,575 Capital Project FundsRevenues 141,724,940 66,539,725 46.95%Expenditures 220,675,883 60,946,547 27.62%Net Position (78,950,943) 5,593,179 Materials Diversion FundRevenues 49,857,750 52,364,109 105.03%Expenditures 52,368,423 48,912,938 93.40%Net Position (2,510,673) 3,451,171 Water Enterprise FundRevenues 57,019,717 76,391,941 133.97%Expenditures 99,563,808 64,415,947 64.70%Net Position (42,544,091) 11,975,994 Internal Service FundsRevenues 24,408,360 27,654,039 113.30%Expenditures 32,788,435 19,783,343 60.34%Net Position (8,380,075) 7,870,696 Housing Authority FundRevenues 28,485,804 26,545,661 93.19%Expenditures 29,965,584 25,925,576 86.52%Net Position (1,479,780) 620,084 Gasser CFD FundRevenues - 1,264,946 0.00%Expenditures 1,147,190 1,157,789 100.92%Net Position (1,147,190) 107,157 Pooled CashRevenues - - 0.00%Expenditures - 256 0.00%Net Position - (256) ALL FUNDSRevenues 483,598,490 444,551,867 91.93%Expenditures 644,558,716 350,844,722 54.43%Net Position (160,960,226) 93,707,145 % to date (Budget to Actual)