Town of Yountville
Staff Report
6550 Yount Street
Yountville, CA 94599
Agenda Item #: 8D
Yountville Town Council Staff Report
DATE: February 3, 2026
TO: Mayor and Town Council
FROM: Celia King, Administrative Service Director
PREPARED BY: Kyle Batista, Financial Analyst
RECOMMENDATION
Receive and file December 2025 Quarterly Investment Report.
DISCUSSION/BACKGROUND
This report represents the Town’s investment portfolio for the quarter ending December 31, 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). 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
ATTACHMENTS
See below for the December 2025 Quarterly Investment Report.
TOWN OF YOUNTVILLE
QUARTERLY INVESTMENT REPORT
AS OF December 31, 2025
Current Quarter Prior Quarter Change in
12/31/2025 9/30/2025 Quarterly
Fund Cash Balance Cash Balance Cash Balance
No. Fund Name
01 General Fund 4,124,282 2,882,876 1,241,406
02 OPEB (Retiree Benefits) 77,083 (9,380) 86,463
03 PERS UAL Reserve Fund 251,356 25,091 226,265
04 Emergency Reserve Fund - - -
05 Revenue Stabilization Fund - - -
06 Utlty Entprs Prjct Cmtd Fund 90,652 1,564,805 (1,474,154) 07 General Fund Reserve 5,662,080 5,609,222 52,859
20 State Gas Tax 190,829 197,547 (6,717)
21 Public Education & Govmnt TV 67,686 63,563 4,123
22 Tourism Improvement District 555,503 469,469 86,034
23 Public Arts Program Fee 43,882 37,399 6,483
24 Housing Grant Fund (120,143) (49,944) (70,199)
25 Measure T Transportation Imp 306,705 1,205,787 (899,083) 26 SB1, 2017 Road Repair Act 145,945 192,400 (46,455)
27 Measure T Equivalent (MTE) 41,569 41,181 388
28 Fire Services - - -
29 UVDS Franchise Fees 562,322 517,514 44,809
30 Disabiliy Access Fee SB 1186 1,848 1,692 156
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 212,104 210,124 1,980 47 Community Project Iimpact Fees - 700 (700)
50 Capital Projects 2,153,590 2,545,387 (391,797)
54 2017 Lease Bond-CommCtrRfnd 103,309 555,624 (452,315) 55 2020 Lease Bond 353,928 326,594 27,333
57 Draught Water Reserve 2,206,009 2,185,414 20,594
58 Water Impact Fees - - -
60 Water Capital Improvements 2,287,921 655,009 1,632,911 61 Water Utility Operations 1,197,183 1,172,416 24,767
62 Wastewater Utility Operations 1,780,332 1,826,338 (46,005) 63 Joint Treatment Capital Fund 5,518,858 5,687,493 (168,635) 64 Wastewater Utility Capital 617,470 288,713 328,757
65 Sewer Impact Fees - - -
70 Housing Opportunity Fund 173,053 171,438 1,616
71 Measure S, Affordable Housing 568,799 674,469 (105,670) 75 Measure A Maintenance Fund 251,743 345,844 (94,101)
81 Facilities Repair/Replacement 1,367,329 1,358,830 8,499 82 Fleet,Tools,Equip RepairReplc 667,959 661,723 6,236
92 OPEB Trust Fund Retiree Ben. 7,018,142 6,992,681 25,460 93 PRSP Trust Fund - Pension 3,568,176 3,501,576 66,601 95 Tallent Lane Benefit District - - -
96 Mesa Ct. Drainage Ben. Dist. - - -
42,047,504 41,909,595 137,909
Current Quarter Prior Quarter
12/31/2025 9/30/2025 Interest
Cash Balance Cash Balance Rate
Cash on Hand/Petty Cash 425 425 0%
Westamerica Bank Checking & Savings 4,807,790 4,042,455 1.380% LAIF 26,652,988 27,371,975 4.090%
Bank of New York Mellon (Trust) (17) 483 0.000%
PRSP Trust Investments 1 3,568,176 3,501,576 6.950%
PARS OPEB Trust Investments 2 7,018,142 6,992,681 7.940% 42,047,504 41,909,595
Activity
# Issued From To Amount
Accounts Payable check range for the period:
Amount of Accounts Payable checks issued 527 63668 64163 6,338,821.10 Payroll check range for the period:
Amount of Payroll checks/direct deposits issued 415 26317 26339 899,366.55 1 5-year Annualized Return
2 10-year Annualized Return