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File #: 2024-2019    Version: 1 Name:
Type: Consent Calendar Status: Passed
File created: 8/27/2019 In control: CITY COUNCIL OF THE CITY OF NAPA
On agenda: 9/17/2019 Final action: 9/17/2019
Title: Monthly Budget and Investment Statements
Attachments: 1. ATCH 1 - Budget Investment Statement for June 2019, 2. ATCH 2 - Budget Investment Statement for July 2019

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 Statements

 

LABEL

RECOMMENDED ACTION:
Recommendation

Receive and file the Monthly Budget and Investment Statements as of June 30, 2019, and as of July 31, 2019.

 

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 June 30, 2019, and as of July 31, 2019. 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 Statements 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 Statements are 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 June 30, 2019

ATCH 2: Monthly Budget and Investment Statement as of July 31, 2019

 

NOTIFICATION:

None.