Town of Yountville
Staff Report
6550 Yount Street
Yountville, CA 94599
Agenda Item #: 9B
Yountville Town Council Staff Report
DATE: August 4, 2026
TO: Mayor and Town Council
FROM: Kyle Batista, Financial Analyst and Celia King, Administrative Service Director PREPARED BY: Kyle Batista, Financial Analyst
RECOMMENDATION
Receive and file Preliminary June 2026 Quarterly Investment Report.
DISCUSSION/BACKGROUND
This report represents the Town’s investment portfolio for the quarter ending June 30, 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 19, 2026. The policy directs the 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) as an activity that has no potential for causing a significant effect on the environment.
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 Preliminary June 2026 Quarterly Investment Report.
TOWN OF YOUNTVILLE
QUARTERLY INVESTMENT REPORT
AS OF June 30, 2026
Current Quarter Prior Quarter Change in
6/30/2026 3/31/2026 Quarterly
Fund Cash Balance Cash Balance Cash Balance
No. Fund Name
01 General Fund 2,447,366 643,758 1,803,608
02 OPEB (Retiree Benefits) (12,966) (9,553) (3,413)
03 PERS UAL Reserve Fund 26,601 26,601 -
04 Emergency Reserve Fund - - -
05 Revenue Stabilization Fund - - -
06 Utlty Entprs Prjct Cmtd Fund 1,319,909 1,319,909 -
07 General Fund Reserve 5,710,385 5,710,385 -
20 State Gas Tax 216,907 211,724 5,183
21 Public Education & Govmnt TV 72,447 69,140 3,306
22 Tourism Improvement District 604,769 433,360 171,409 23 Public Arts Program Fee 30,223 30,697 (473)
24 Housing Grant Fund 84,118 84,118 -
25 Measure T Transportation Imp 585,630 478,195 107,434 26 SB1, 2017 Road Repair Act 121,148 167,229 (46,082)
27 Measure T Equivalent (MTE) 41,924 41,924 -
28 Fire Services - - -
29 UVDS Franchise Fees 143,557 610,694 (467,136)
30 Disabiliy Access Fee SB 1186 1,326 168 1,158
41 Civic Facilites Impact Fees 794 367 427
42 Drainage Impact Fees 267 103 164
43 Park Impact Fees 736 340 396
44 Public Safety Impact Fees - - -
45 Traffic Facilities Impact Fees 3,066 1,417 1,650
46 Utility Underground Impact Fees 214,127 213,982 145
47 Community Project Iimpact Fees 1,565 724 841
50 Capital Projects 5,114,479 4,909,301 205,179
54 2017 Lease Bond-CommCtrRfnd 13,698 106,508 (92,809)
55 2020 Lease Bond 14,262 356,947 (342,686)
57 Draught Water Reserve 2,224,829 2,224,829 -
58 Water Impact Fees 9,328 11,356 (2,028)
60 Water Capital Improvements 1,042,668 1,043,572 (904) 61 Water Utility Operations 1,445,733 1,363,533 82,200
62 Wastewater Utility Operations 2,175,948 1,884,924 291,024 63 Joint Treatment Capital Fund 5,305,039 5,477,415 (172,376) 64 Wastewater Utility Capital 658,556 643,506 15,051
65 Sewer Impact Fees 10,573 18,626 (8,053)
70 Housing Opportunity Fund 254,214 186,662 67,552
71 Measure S, Affordable Housing 712,490 538,463 174,027 75 Measure A Maintenance Fund 182,763 183,384 (621)
81 Facilities Repair/Replacement 1,243,971 1,298,971 (55,000) 82 Fleet,Tools,Equip RepairReplc 669,131 669,131 -
92 OPEB Trust Fund Retiree Ben. 7,458,802 6,968,631 490,170 93 PRSP Trust Fund - Pension 4,068,195 3,758,156 310,039 95 Tallent Lane Benefit District - - -
96 Mesa Ct. Drainage Ben. Dist. - - -
44,218,576 41,679,194 2,539,382
Current Quarter Prior Quarter
6/30/2026 3/31/2026 Interest
Cash Balance Cash Balance Rate
Cash on Hand/Petty Cash 425 425 0%
Westamerica Bank Checking & Savings 3,771,374 2,030,160 1.380% LAIF 28,919,522 28,919,522 3.810%
Bank of New York Mellon (Trust) 259 2,300 0.000%
PRSP Trust Investments 1 4,068,195 3,758,156 6.780%
PARS OPEB Trust Investments 2 7,458,802 6,968,631 8.470% 44,218,576 41,679,194
Activity
# Issued From To Amount
Accounts Payable check range for the period:
Amount of Accounts Payable checks issued 488 64630 65095 3,834,077.68 Payroll check range for the period:
Amount of Payroll checks/direct deposits issued 457 26362 26408 1,056,970.68 1 5-year Annualized Return
2 10-year Annualized Return