ATTACHMENT 1
Monthly Budget and Investment Statement
As of February 28, 2026
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 Banks43,356,989$ (2,095,714)$ 41,261,275$ Solid Waste Debt Service Bank Fund- - - Water Debt Service Bank Fund- - - Local Agency Investment Fund (LAIF)22,697,068- 22,697,068 California Asset Management Program (CAMP) Liquidity Fund54,778,325 - 54,778,325 California Asset Management Program (CAMP) Operating FundU.S. Treasury Bond / Note - Original Cost96,895,555 - 96,895,555 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. Cost33,163,354 - 33,163,354 Federal Agency Bond / Note - Original Cost- - Corporate Note - Original Cost50,371,052 - 50,371,052 Commercial Paper - Original Cost- - Certificate of Deposit - Original Cost1,400,000 - 1,400,000 Bank Note - Original Cost3,079,810 - 3,079,810 Asset-Backed Security - Original Cost28,025,348 - 28,025,348 Joint Powers Authority - Original Cost2,430,778 - 2,430,778 Unsettled Trades1,223,094 - 1,223,094 TOTAL City of Napa Cash and Invested Funds 337,666,373$ (2,095,714)$ 335,570,658$ Fund Type City of Napa Fiduciary Funds Grand TotalGeneral Fund 24,135,677 -$ 24,135,677$ Measure G 10,644,065 - 10,644,064.9 American Rescue Plan Act 456,957 - 456,957 Special Revenue Funds 106,618,892 - 106,618,892 CIP Funds 32,622,531 - 32,622,531 Enterprise Funds 100,352,477 - 100,352,477 Internal Service Funds 57,497,723 - 57,497,723 Housing Funds 5,338,051 - 5,338,051 Payroll Clearing Account - (4,207,144) (4,207,144) Gasser CFD Funds - 2,111,430 2,111,430 TOTAL City of Napa Cash and Invested Funds 337,666,373$ (2,095,714)$ 335,570,658$ 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 2025/26 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 2025/26 BudgetFY 2025/26 YTD Actualas of 02/28/2026 as of 02/28/2026General FundRevenues 141,823,906 79,660,189 56.17%Expenditures 145,470,811 86,184,601 59.25%Net Position (3,646,905) (6,524,413) Measure G General FundRevenues 22,373,130 12,811,911 57.26%Expenditures 27,250,786 7,864,001 28.86%Net Position (4,877,656) 4,947,910 Non-Recurring General FundRevenues 29,055,006 4,728,601 16.27%Expenditures 35,183,814 26,119,412 74.24%Net Position (6,128,808) (21,390,811) American Rescue Plan ActRevenues - - 0.00%Expenditures 1,475,157 801,973 54.37%Net Position (1,475,157) (801,973) Special Revenue FundsRevenues 41,444,522 13,175,740 31.79%Expenditures 115,010,197 26,287,260 22.86%Net Position (73,565,675) (13,111,520) Capital Project FundsRevenues 180,814,908 80,572,484 44.56%Expenditures 270,474,895 78,051,435 28.86%Net Position (89,659,987) 2,521,049 Materials Diversion FundRevenues 60,876,900 37,433,529 61.49%Expenditures 66,818,001 37,634,791 56.32%Net Position (5,941,101) (201,262) Water Enterprise FundRevenues 62,510,769 30,505,790 48.80%Expenditures 90,421,406 27,750,865 30.69%Net Position (27,910,637) 2,754,925 Internal Service FundsRevenues 25,397,136 16,957,964 66.77%Expenditures 34,736,888 17,713,004 50.99%Net Position (9,339,752) (755,040) Housing Authority FundRevenues 28,073,434 16,300,767 58.06%Expenditures 32,121,630 17,616,694 54.84%Net Position (4,048,196) (1,315,927) Gasser CFD FundRevenues - 566,748 0.00%Expenditures 1,144,632 827,196 72.27%Net Position (1,144,632) (260,449) Pooled CashRevenues - 921,986 0.00%Expenditures - 15,953 0.00%Net Position - 906,033 ALL FUNDSRevenues 592,369,711 293,635,708 49.57%Expenditures 820,108,217 326,867,185 39.86%Net Position (227,738,506) (33,231,478) % to date (Budget to Actual)