Town of Yountville
Staff Report
6550 Yount Street
Yountville, CA 94599
Agenda Item #: 8D
Yountville Town Council Staff Report
DATE: May 5, 2026
TO: Mayor and Town Council
FROM: Celia King, Administrative Service Director
PREPARED BY: Kyle Batista, Financial Analyst
RECOMMENDATION
Receive and file March 2026 Quarterly Investment Report.
DISCUSSION/BACKGROUND
This report represents the Town’s investment portfolio for the quarter ending March 31, 2026. 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 March 2026 Quarterly Investment Report.
TOWN OF YOUNTVILLE
QUARTERLY INVESTMENT REPORT
AS OF March 31, 2026
Current Quarter Prior Quarter Change in
3/31/2026 12/31/2025 Quarterly
Fund Cash Balance Cash Balance Cash Balance
No. Fund Name
01 General Fund 687,983 4,125,719 (3,437,736)
02 OPEB (Retiree Benefits) (9,553) 84,161 (93,714)
03 PERS UAL Reserve Fund 26,601 251,356 (224,755)
04 Emergency Reserve Fund - - -
05 Revenue Stabilization Fund - - -
06 Utlty Entprs Prjct Cmtd Fund 1,319,909 90,652 1,229,257 07 General Fund Reserve 5,710,385 5,662,080 48,305
20 State Gas Tax 211,724 190,829 20,895
21 Public Education & Govmnt TV 69,140 67,686 1,455
22 Tourism Improvement District 434,269 554,868 (120,599) 23 Public Arts Program Fee 30,697 43,882 (13,185)
24 Housing Grant Fund 84,118 (120,143) 204,261
25 Measure T Transportation Imp 478,195 306,705 171,491 26 SB1, 2017 Road Repair Act 167,229 145,945 21,284
27 Measure T Equivalent (MTE) 41,924 41,569 355
28 Fire Services - - -
29 UVDS Franchise Fees 610,694 562,322 48,372
30 Disabiliy Access Fee SB 1186 168 1,848 (1,680)
41 Civic Facilites Impact Fees 367 - 367
42 Drainage Impact Fees 103 - 103
43 Park Impact Fees 340 - 340
44 Public Safety Impact Fees - - -
45 Traffic Facilities Impact Fees 1,417 - 1,417
46 Utility Underground Impact Fees 213,982 212,104 1,878 47 Community Project Iimpact Fees 724 - 724
50 Capital Projects 4,847,483 2,153,590 2,693,893
54 2017 Lease Bond-CommCtrRfnd 106,501 105,605 896
55 2020 Lease Bond 356,947 353,928 3,019
57 Draught Water Reserve 2,224,829 2,206,009 18,820
58 Water Impact Fees 11,356 - 11,356
60 Water Capital Improvements 1,043,612 2,287,921 (1,244,309) 61 Water Utility Operations 1,367,656 1,195,365 172,291 62 Wastewater Utility Operations 1,892,350 1,778,514 113,836 63 Joint Treatment Capital Fund 5,477,415 5,518,858 (41,442) 64 Wastewater Utility Capital 575,494 617,470 (41,977)
65 Sewer Impact Fees 18,626 - 18,626
70 Housing Opportunity Fund 186,662 173,053 13,609
71 Measure S, Affordable Housing 538,463 568,799 (30,336) 75 Measure A Maintenance Fund 252,017 251,743 274
81 Facilities Repair/Replacement 1,373,971 1,367,329 6,642 82 Fleet,Tools,Equip RepairReplc 669,131 667,959 1,172
92 OPEB Trust Fund Retiree Ben. 6,968,631 7,018,142 (49,510) 93 PRSP Trust Fund - Pension 3,758,156 3,568,176 189,980 95 Tallent Lane Benefit District - - -
96 Mesa Ct. Drainage Ben. Dist. - - -
41,749,715 42,054,044 (304,328)
Current Quarter Prior Quarter
3/31/2026 12/31/2025 Interest
Cash Balance Cash Balance Rate
Cash on Hand/Petty Cash 425 425 0%
Westamerica Bank Checking & Savings 4,100,688 4,812,034 1.380% LAIF 26,919,522 26,652,988 3.826%
Bank of New York Mellon (Trust) 2,293 2,279 0.000%
PRSP Trust Investments 1 3,758,156 3,568,176 6.100%
PARS OPEB Trust Investments 2 6,968,631 7,018,142 7.810% 41,749,715 42,054,044
Activity
# Issued From To Amount
Accounts Payable check range for the period:
Amount of Accounts Payable checks issued 492 64164 64629 4,580,382.57 Payroll check range for the period:
Amount of Payroll checks/direct deposits issued 356 26340 26361 803,451.19 1 5-year Annualized Return
2 10-year Annualized Return