To: Honorable Mayor and Members of City Council
From: Anne Cardwell, Finance Director
Prepared By: Jocelyn Ramirez, Budget Analyst
TITLE:
Title
Monthly Budget and Investment Statement
LABEL
RECOMMENDED ACTION:
Recommendation
Receive the Monthly Budget and Investment Statements as of January 31, 2022, and as of February 28, 2022.
Body
DISCUSSION:
The City of Napa prepares the Monthly Budget and Investment Statement on a monthly basis to report the status of cash and investments to Council, including current operating position by fund group.
The two attached Monthly Budget and Investment Statements summarize the budget status and investments of all City funds, including General Fund, Enterprise Funds, Capital Project Funds and Special Revenue Funds, as of January 31, 2022, and as of February 28, 2022. These Statements fulfill the requirements of Napa Municipal Code section 2.32.050 by providing budget status information, and the requirements of City Charter Section 58 by providing current cash totals.
The Reports include the following information:
• Total Cash and Invested Funds
• Budget to Year-to-Date Actual by major fund or fund group
FINANCIAL IMPACTS:
There is no financial impact as the Monthly Budget and Investment Statement is presented for informational purposes only.
CEQA:
The Interim Finance Director has determined that the recommended actions described in this agenda report are not subject to CEQA, pursuant to CEQA Guidelines Section 15060(c).
DOCUMENTS ATTACHED:
ATCH 1 - January 2022 Budget Investment Statement
ATCH 2 - February 2022 Budget Investment Statement
NOTIFICATION:
None.