ATTACHMENT 1
Monthly Budget and Investment Statement
As of March 31, 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 Banks33,095,307$ (1,273,785)$ 31,821,521$ 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 Fund54,464,233 - 54,464,233 California Asset Management Program (CAMP) Operating FundU.S. Treasury Bond / Note - Original Cost89,277,816 - 89,277,816 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. Cost40,215,710 - 40,215,710 Federal Agency Bond / Note - Original Cost- - Corporate Note - Original Cost56,567,733 - 56,567,733 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 Cost28,545,960 - 28,545,960 Joint Powers Authority - Original Cost196,603 - 196,603 Unsettled Trades(1,745,486) - (1,745,486) TOTAL City of Napa Cash and Invested Funds 328,039,753$ (1,273,785)$ 326,765,967$ Fund Type City of Napa Fiduciary Funds Grand TotalGeneral Fund 16,432,134 -$ 16,432,134$ Measure G 9,203,865 - 9,203,864.8 American Rescue Plan Act 435,098 - 435,098 Special Revenue Funds 106,158,305 - 106,158,305 CIP Funds 34,811,671 - 34,811,671 Enterprise Funds 95,226,437 - 95,226,437 Internal Service Funds 60,996,461 - 60,996,461 Housing Funds 4,775,782 - 4,775,782 Payroll Clearing Account - (3,151,962) (3,151,962) Gasser CFD Funds - 1,878,176 1,878,176 TOTAL City of Napa Cash and Invested Funds 328,039,753$ (1,273,785)$ 326,765,967$ 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 03/31/2026 as of 03/31/2026General FundRevenues 143,338,094 88,071,117 61.44%Expenditures 155,598,751 107,145,004 68.86%Net Position (12,260,657) (19,073,886) Measure G General FundRevenues 22,573,130 14,478,084 64.14%Expenditures 27,250,786 10,970,374 40.26%Net Position (4,677,656) 3,507,710 Non-Recurring General FundRevenues 34,455,206 9,923,370 28.80%Expenditures 40,369,011 26,825,433 66.45%Net Position (5,913,805) (16,902,063) American Rescue Plan ActRevenues - - 0.00%Expenditures 1,475,157 818,095 55.46%Net Position (1,475,157) (818,095) Special Revenue FundsRevenues 40,412,523 18,424,273 45.59%Expenditures 113,155,159 32,253,708 28.50%Net Position (72,742,636) (13,829,436) Capital Project FundsRevenues 182,789,257 85,511,156 46.78%Expenditures 271,726,645 79,790,804 29.36%Net Position (88,937,388) 5,720,351 Materials Diversion FundRevenues 67,733,100 45,860,144 67.71%Expenditures 68,218,001 44,734,076 65.58%Net Position (484,901) 1,126,068 Water Enterprise FundRevenues 62,510,770 34,466,751 55.14%Expenditures 90,421,406 32,766,567 36.24%Net Position (27,910,636) 1,700,184 Internal Service FundsRevenues 28,897,136 24,308,902 84.12%Expenditures 38,236,890 21,221,302 55.50%Net Position (9,339,754) 3,087,600 Housing Authority FundRevenues 28,323,434 19,746,141 69.72%Expenditures 32,371,630 19,961,221 61.66%Net Position (4,048,196) (215,081) Gasser CFD FundRevenues - 655,982 0.00%Expenditures 1,144,632 1,149,684 100.44%Net Position (1,144,632) (493,702) Pooled CashRevenues - 679 0.00%Expenditures - - 0.00%Net Position - 679 ALL FUNDSRevenues 611,032,649 341,446,598 55.88%Expenditures 839,968,068 377,636,269 44.96%Net Position (228,935,419) (36,189,671) % to date (Budget to Actual)