To: Members of the Measure G Citizen Oversight Committee
From: Donna Lee, Finance Director
Prepared By: Seth Anderson, Budget Officer
TITLE:
Title
Measure G Fiscal Year 2026/27 Financial Update
LABEL
RECOMMENDED ACTION:
Recommendation
Receive a presentation on Measure G revenue and expenditures for Fiscal Years 2025/26 and 2026/27.
Body
DISCUSSION:
The purpose of this presentation is to provide the Measure G Citizen Oversight Committee with an update on the financial status of the Measure G Transaction and Use Tax (TUT).
FY 2025/26 End of Year (Unaudited)
This update includes a review of unaudited Measure G TUT revenues received between July 1, 2025 and June 30, 2026.
The City’s financial audit for FY 2025/26 is underway and being performed by the independent certified public accounting firm Lance, Soll & Lunghard (LSL), LLP. Until the audit is complete and financial statements are issued, FY 2025/26 numbers should be considered unaudited and subject to change.
FY 2025/26 Measure G TUT revenue receipts received to date total $24.8 million with another $0.3 million in investment earnings posted to the Measure G fund. This exceeds the budgeted revenues of $22.6 million by $2.2 million.
FY 2025/26 Measure G expenditures total $20.5 million to date. The revised FY 2025/26 Measure G expenditure budget totals $27.3 million. The revised budget includes $5.0 million in prior year capital project commitments that were unspent at the end of FY 2024/25.
FY 2026/27 Revised Budget
The FY 2026/27 Adopted Mid-Cycle Budget revised Measure G TUT revenues to $25.2 million and Measure G expenditures to $25.2 million. Revised revenues included the planned usage of unassigned available fund balance from FY 2024/25.
Revenues, originally adopted at $23.0 million, were adjusted based on actual trends, revised consultant projections, and the forementioned usage of unassigned available fund balance. Measure G TUT revenues are projected at $24.4 million, investment earnings are projected at $0.2 million, and $0.6 million in unassigned and available fund balance has been appropriated.
Expenditures, originally adopted at $23.1 million, were adjusted based on the newly projected Measure G TUT revenue providing the capacity for additional core services enhancements and support. An additional $2.1 million in Measure G expenditures were approved by City Council through the Mid-Cycle Budget process and directed towards supporting and enhancing the City’s 9-1-1 and Dispatch Services. Measure G support ensures that these critical services have the stable funding needed while maximizing community benefits. Other expenditure adjustments include the reallocation of approved Capital Improvement Project funding. A reappropriation of $0.6 million was approved reducing the Westwood Interior Streets project and increasing the Lake Park, Laurel Park, and Klamath Park Improvement projects.
Looking ahead, Finance will continue its diligent monitoring and reconciliation of Measure G revenues and expenditures to ensure resources are accurately accounted for, strategically planned, and used to maximize community benefit. As FY 2025/26 is finalized and prepared for audit, staff will maintain strong financial controls while closely monitoring FY 2026/27 revenue trends and expenditure activity, allowing the City to adjust plans as needed to respond to changing conditions and ensure Measure G resources continue to support the priorities of the Council and Napa community.
FINANCIAL IMPACTS:
None.
CEQA:
The Finance Director has determined that the Recommended Action described in this staff report is not subject to CEQA, pursuant to CEQA Guidelines Section 15060 (c).
DOCUMENTS ATTACHED:
ATCH 1 - Measure G FY 2026/27 Update Presentation
NOTIFICATION:
None.