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File #: 1631-2018    Version: 1 Name:
Type: Consent Calendar Status: Passed
File created: 11/6/2018 In control: CITY COUNCIL
On agenda: 12/4/2018 Final action: 12/4/2018
Title: Monthly Budget and Investment Statement
Attachments: 1. ATCH 1 - Monthly Budget and Investment Stmt as of September 30, 2018

To:                     Honorable Mayor and Members of City Council

 

From:                     Brian Cochran, Finance Director

 

Prepared By:                     Jessie Gooch, Finance Analyst

                                          

TITLE:

Title

Monthly Budget and Investment Statement

 

LABEL

RECOMMENDED ACTION:
Recommendation

 

Receive and file the Monthly Budget and Investment Statement as of September 30, 2018.

 

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 attached Monthly Budget and Investment Statement summarizes the budget status and investments of all City funds, including General Fund, Enterprise Funds, Capital Project Funds and Special Revenue Funds, as of September 30, 2018. This Statement fulfills 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 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 - Monthly Budget and Investment Statement as of September 30, 2018

 

NOTIFICATION:

None