Town of Yountville
Staff Report
6550 Yount Street
Yountville, CA 94599
Agenda Item #: 8D
Yountville Town Council Staff Report
DATE: November 4, 2025
TO: Mayor and Town Council
FROM: Celia King, Administrative Service Director
PREPARED BY: Kyle Batista, Financial Analyst
RECOMMENDATION
Receive and file September 2025 Quarterly Investment Report.
DISCUSSION/BACKGROUND
This report represents the Town’s investment portfolio for the quarter ending September 30, 2025. The report includes all Town funds. All investments are in compliance with the Town’s adopted Investment Policy.
The Town’s investments are guided by an Investment Policy, which is reviewed and approved by the Council annually. The Investment Policy was last approved by the Town Council on May 20, 2025. The policy directs that investment goals, in order by priority, are safety, liquidity, and yield. This conservative approach ensures assets are available for use while also allowing the Town to earn additional resources on idle funds. The Town currently participates in the State investment pool known as the Local Agency Investment Fund (LAIF).
LAIF began in 1977 as an investment alternative for California’s local governments and special districts and is administered by the State of California’s Treasurer. The enabling legislation for LAIF is Section 16429.1 et seq. of the California Government Code.
This program offers local agencies the opportunity to participate in a major portfolio, which invests hundreds of millions of dollars, using the investment expertise of the Treasurer's Office investment staff at no additional cost to local agencies or taxpayers. LAIF is part of the Pooled Money Investment Account (PMIA). The PMIA began in 1955, and oversight is provided by the Pooled Money Investment Board (PMIB) and an in-house Investment Committee. The PMIB members are the State Treasurer, State Director of Finance, and State Controller.
The Town established a Section 115 Trust for Other Post-Employment Benefits and Pension Rate Stabilization with Public Agency Retirement Services (PARS). The Town Council adopted a moderate investment strategy, and funds are invested in a diversified portfolio. The interest rates shown are for the quarter reported.
All Town funds are invested in accordance with the approved Investment Policy with an emphasis on safety, liquidity, and yield (in that order). The Town’s investment strategy of balancing the investment portfolio between short-term investments (to meet cash flow needs) and longer-term maturities (to realize a higher rate of return) is appropriate given the current market conditions.
The investment portfolio will continue to be closely monitored to ensure the avoidance of risk and to respond to changes in market conditions. This staff report is presented as informational.
ENVIRONMENTAL REVIEW
Exempt per California Environmental Act (CEQA) Guideline, Section 15061(b)(3).
FISCAL IMPACT
Is there a Fiscal Impact? Yes
Is it Currently Budgeted? Yes
Where is it Budgeted? Interest Income
Is it Mandatory or Discretionary? Mandatory
Is there a Staff Resource Impact? Nominal
STRATEGIC PLAN GOAL
Is item Identified in Strategic Plan? Yes
If yes, Identify Strategic Goal and Objective. Responsible Fiscal Policy: The Town maintains its fiscal health through policies designed to maximize economic opportunities, manage expenses, and ensure prudent reserves.
Briefly Explain Relationship to Strategic Plan Goal and Objective. Quarterly Investment Reports provide timely information and financial transparency and allow the Council to help inform decisions related to maximizing economic opportunities to ensure prudent reserves.
ATTACHMENTS
See below for the September 2025 Quarterly Investment Report.
TOWN OF YOUNTVILLE
QUARTERLY INVESTMENT REPORT
AS OF September 30, 2025
Current Quarter Prior Quarter Change in
9/30/2025 6/30/2025 Quarterly
Fund Cash Balance Cash Balance Cash Balance
No. Fund Name
01 General Fund 2,840,472 3,558,663 (718,191)
02 OPEB (Retiree Benefits) (9,380) (6,284) (3,096)
03 PERS UAL Reserve Fund 25,091 23,528 1,563
04 Emergency Reserve Fund - - -
05 Revenue Stabilization Fund - - -
06 Utlty Entprs Prjct Cmtd Fund 1,564,805 1,534,684 30,121 07 General Fund Reserve 5,609,222 5,501,249 107,973
20 State Gas Tax 197,547 171,359 26,188
21 Public Education & Govmnt TV 63,563 59,161 4,402
22 Tourism Improvement District 471,140 498,409 (27,269) 23 Public Arts Program Fee 37,399 46,425 (9,026)
24 Housing Grant Fund (49,944) 90,024 (139,968)
25 Measure T Transportation Imp 1,070,143 851,155 218,988 26 SB1, 2017 Road Repair Act 192,400 216,491 (24,091)
27 Measure T Equivalent (MTE) 41,181 40,388 793
28 Fire Services - - -
29 UVDS Franchise Fees 517,514 470,127 47,386
30 Disabiliy Access Fee SB 1186 1,684 1,410 273
41 Civic Facilites Impact Fees - - -
42 Drainage Impact Fees - - -
43 Park Impact Fees - - -
44 Public Safety Impact Fees - - -
45 Traffic Facilities Impact Fees - - -
46 Utility Underground Impact Fees 100,352 98,141 2,212 47 Community Project Iimpact Fees 700 - 700
50 Capital Projects 2,556,031 2,571,467 (15,436)
54 2017 Lease Bond-CommCtrRfnd 555,624 34,839 520,785
55 2020 Lease Bond 326,594 31,975 294,620
57 Draught Water Reserve 2,185,414 2,143,347 42,067
58 Water Impact Fees - - -
60 Water Capital Improvements 655,008 671,821 (16,813)
61 Water Utility Operations 1,174,043 1,107,449 66,594
62 Wastewater Utility Operations 1,828,208 1,477,185 351,023 63 Joint Treatment Capital Fund 5,687,490 5,371,560 315,930 64 Wastewater Utility Capital 288,713 802,624 (513,910) 65 Sewer Impact Fees - - -
70 Housing Opportunity Fund 171,438 198,090 (26,652)
71 Measure S, Affordable Housing 674,469 573,435 101,034 75 Measure A Maintenance Fund 345,844 344,927 917
81 Facilities Repair/Replacement 1,358,830 1,365,316 (6,486) 82 Fleet,Tools,Equip RepairReplc 661,723 670,649 (8,926) 92 OPEB Trust Fund Retiree Ben. 6,992,681 6,731,284 261,397 93 PRSP Trust Fund - Pension 3,501,576 3,843,713 (342,137) 95 Tallent Lane Benefit District - - -
96 Mesa Ct. Drainage Ben. Dist. - - -
41,637,575 41,094,613 542,962
Current Quarter Prior Quarter
9/30/2025 6/30/2025 Interest
Cash Balance Cash Balance Rate
Cash on Hand/Petty Cash 425 425 0%
Westamerica Bank Checking & Savings 3,770,435 3,139,676 1.920% LAIF 27,371,975 27,379,031 4.240%
Bank of New York Mellon (Trust) 483 483 0.000%
PRSP Trust Investments 1 3,501,576 3,843,713 8.450%
PARS OPEB Trust Investments 2 6,992,681 6,731,284 7.960% 41,637,575 41,094,613
Activity
# Issued From To Amount
Accounts Payable check range for the period:
Amount of Accounts Payable checks/ACH issued 526 63171 63667 6,335,835 Payroll check range for the period:
Amount of Payroll checks/direct deposits issued 397 26282 26316 879,957 1 5-year Annualized Return
2 10-year Annualized Return