CITY OF NAPA, CALIFORNIA Comprehensive Annual ...

CITY OF NAPA, CALIFORNIA

Comprehensive Annual Financial

Report

For the year ended June 30, 2016

CITY OF NAPA, CALIFORNIA

COMPREHENSIVE ANNUAL FINANCIAL REPORT

FOR THE FISCAL YEAR ENDED JUNE 30, 2016

Prepared by:

Finance Department, City of Napa

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INTRODUCTORY SECTION

February 15, 2017

To the Honorable Mayor, Members of the City Council and Citizens of the City of Napa: We are pleased to present the Comprehensive Annual Financial Report (CAFR) of the City of Napa for the fiscal year ended June 30, 2016. This report is published in accordance with local ordinance and state law requirements that financial statements be presented in conformity with generally accepted accounting principles (GAAP) and audited in accordance with generally accepted auditing standards by a firm of licensed certified public accountants. Management is responsible for the completeness and reliability of the information contained in this report, based on a comprehensive framework of internal control that has been established for this purpose. Because the cost of internal control should not exceed anticipated benefits, the objective is to provide reasonable, rather than absolute, assurance that the financial statements are free of any material misstatements. The City of Napa’s financial statements have been audited by Vavrinek, Trine, Day & Co. (VTD), LLP, Certified Public Accountants, a public accounting firm fully licensed and qualified to perform audits of State and local governments within the State of California. VTD has issued an unmodified opinion on the City of Napa’s financial statements for the fiscal year ended June 30, 2016. The independent auditor’s report is presented as the first component of the financial section of the audit. Management’s discussion and analysis (MD&A) immediately follows the independent auditor’s report and provides a narrative introduction, overview and analysis of the basic financial statements. MD&A complements this letter of transmittal and should be read in conjunction with it. Profile of the Government The City of Napa was founded in 1847 and incorporated in 1872. The City is located in the northern part of California, about 50 miles north of San Francisco and is the largest city in Napa County. California State Highway 29 runs through Napa, connecting it to Vallejo and the East Bay Area to the south and the Napa Wine Country to the north. California State Highway 12 runs to the south of the City, connecting it to Fairfield and Interstate 80 to the east and Sonoma and US-101 to the west. The Napa River traverses the City on its journey to the San Pablo Bay. The City of Napa currently occupies 18.1 square miles, 17.8 square miles of which is land and 0.3 square miles of which (1.69%) is water. The City serves a population of approximately 80,576 residents and receives property taxes levied on real and personal property located within its boundaries. The City of Napa operates under the Council-Manager form of government. Policy-making and legislative authority are vested in a City Council consisting of a Mayor and four Council members all elected at large. All four Council members are elected to four-year overlapping terms. The Mayor, who

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COMPREHENSIVE ANNUAL FINANCIAL REPORT June 30, 2016

Mission Statement “Preserve and promote the unique quality of life that is Napa”

CITY COUNCIL Jill Techel, Mayor Mary Luros, Vice-Mayor Peter Mott, Council Member Juliana Inman, Council Member Scott Sedgley, Council Member

CITY STAFF

Mike Parness, City Manager Nancy Weiss, Assistant City Manager Michael Barrett, City Attorney Roberta Raper, Finance Director Dorothy Roberts, City Clerk Darlene Colaso, Human Resources Director Steve Potter, Police Chief Mike Randolph, Fire Chief Rick Tooker, Community Development Director Jacques LaRochelle, Public Works Director John Coates, Parks and Recreation Services Director

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City of Napa, California

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FINANCIAL SECTION

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5000 Hopyard Road, Suite 335 Pleasanton, CA 94588 Tel: 925.734.6600 Fax: 925.734.6611 www.vtdcpa.com

F R E S N O L A G U N A H I L L S P A L O A L T O P L E A S A N T O N R A N C H O C U C A M O N G A R I V E R S I D E S A C R A M E N T O

INDEPENDENT AUDITORS’ REPORT

To the Honorable Mayor and Members of the City Council of the City of NapaNapa, California

Report on the Financial Statements

We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Napa, California (City), as of and for the year ended June 30, 2016 and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditors’ Responsibility

Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the City’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Opinions

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financialposition of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Napa, California, as of June 30, 2016, and the respective changes in financial position, and, where applicable, cash flows thereof and the respective budgetary comparison for the General Fund, the Development Fee Special Revenue Fund, the Home Program Special Revenue Fund and the Successor Agency Low/Mod Special Revenue Fund, for the year then ended, in accordance with accounting principles generally accepted in the United States of America.

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Emphasis of Matter

As discussed in Note 1 to the financial statements, the City adopted Governmental Accounting Standards Board (GASB) Statement No. 72 Fair Value Measurement and Application and GASB Statement No. 76, The Hierarchy of Generally Accepted Accounting Principles for State and Local Governments, effective July 1, 2015. Our opinions are not modified with respect to these matters.

Other Matters

Required Supplementary Information

Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and the schedules of net pension liability and related ratios, pension contributions, and other post employment benefits funding progress, as listed in the table of contents, be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Other Information

Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’sbasic financial statements. The introductory section, combining and individual non-major fund financial statements and schedules, and statistical section, are presented for purposes of additional analysis and are not a required part of the basic financial statements.

The combining and individual non-major fund financial statements and schedules are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining and individual non-major fund financial statements and schedules are fairly stated in all material respects in relation to the basic financial statements as a whole.

The introductory and statistical sections have not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we do not express an opinion or provide any assurance on them.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued our report dated January 31, 2017, on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance.

Pleasanton, CaliforniaJanuary 31, 2017

MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A)

UNAUDITED

INTRODUCTION

This narrative is presented to provide readers of this Comprehensive Annual Financial Report with an overview and analysis of the financial activities of the City of Napa for the fiscal year ended June 30, 2016.

OVERVIEW OF THE BASIC FINANCIAL STATEMENTS

This report is presented in the following sections:

1) This introductory commentary, Management’s Discussion and Analysis

2) Basic Financial Statements, including:

a. Government-wide financial statements

b. Fund financial statements

c. Notes to the Financial Statements

3) Supplemental Information

a. Non-major governmental funds

b. Internal service funds

c. Agency funds

The Financial Statements

The Basic Financial Statements are comprised of the Government-wide Financial Statements and the Fund Financial Statements. These two sets of financial statements provide two different perspectives of the City’s financial activities and financial position.

The Government-wide Financial Statements provide a long-term view of the City’s activities as a whole. The Statement of Net Position provides information about financial position, including capital assets and long-term liabilities on the full accrual basis, similar to that used by commercial enterprises. The Statement of Activities provides information about the City’s revenues and expenses, also on the full accrual basis, with the emphasis on measuring the net revenues or expenses of City programs. Information is presented both in total and separately for governmental activities, which are generally tax and grant supported and business-type activities which are typically supported by user fees.

The Fund Financial Statements report the City’s operations in more detail than the government-wide statements. The City, like other state and local governments, uses fund accounting to ensure and demonstrate finance-related legal compliance. All of the funds of the City can be divided into three categories: governmental funds, proprietary funds and fiduciary funds:

Governmental funds account for most of the City’s basic services and focus primarily on short-term activities by measuring current revenues and expenditures and excluding capital assets and long-term obligations. The City maintains several individual governmental funds organized according to their type (special revenue and capital projects). Information is presented separately in the governmental funds balance sheet and in the governmental funds statement of revenues, expenditures and changes in fund balances for the General Fund, Development Fees Fund, Home Program, Successor Agency Low/Mod Fund, and City Capital Projects, which are considered to be major funds. Data from the remaining non-major governmental funds are combined into a single, aggregated presentation. Individual fund data for

11

each of these non-major governmental funds is provided in the form of combining statements beginning on page 91.

Proprietary funds are generally used to account for services for which the City charges customers – either

outside customers, or internal departments or programs of the City. Proprietary funds provide the same type of information as shown in the government-wide financial statements, only in more detail. The City maintains the following two types of proprietary funds:

o Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The City uses enterprise funds to account for the water utility, materials diversion (solid waste & recycling) and housing activities. All of the proprietary funds are major funds.

o Internal service funds are used to report activities that provide supplies and services for certain City programs and activities. The City uses internal service funds to account for fleet services, central stores inventory, information technology equipment maintenance and replacement, capital equipment maintenance and replacement, post-employment benefits for current and past employees, and insurance programs on a cost-reimbursement basis. Because these services predominately benefit governmental rather than business-type functions, they have been included within governmental activities in the government-wide financial statements. The internal service funds are combined into a single, aggregated presentation in the proprietary funds financial statement. Individual fund data for the internal service funds is provided in the form of combining statements beginning on page 109.

Fiduciary funds are used to report assets held in a trust or agency capacity for others. The City currently

has three fiduciary funds; a Payroll fund to hold employee payroll deductions withheld and monies collected from retirees for their share of health insurance premiums, a Pension trust for the purpose of pre-funding pension obligations, both held in an agency capacity, and the Private Purpose Trust Fund used to account for resources held for the benefit of winding down the activities of the former Redevelopment Agency. These fiduciary funds cannot be used to support the City’s programs and therefore are not reflected in the government-wide financial statements.

FINANCIAL HIGHLIGHTS

The City provides services to the citizens of Napa by leveraging property, sales, and other taxes with user fees and federal, state, and local grants to finance its operations. The City’s property and transient occupancy tax revenues increased in fiscal 2016 as the housing market and tourism activity continued to strengthen.

The governmental activities total assets increased by $7.6 million (to $485.2 million), while business-type activities total assets increased by $6.0 million (to $180.8 million). The increase in the government activities funds was due to increased cash and investments offset by a slight decrease in capital assets. The increase of assets for business type activities was related to increased operating cash in the Water utility, primarily as a result of the refinancing of the 2007 Series Water Revenue Bonds. The increase in deferred outflows in both the Governmental Activities and Business-type Activities is the result of the June 30, 2015 measurements of the net pension - liability.

Overall, the City increased liabilities in fiscal 2016 by $7.2 million (from $197.0 million to $204.3 million). $7.1 million of this increase is related to the increased net pension liability as actuarially determined. Deferred inflows decreased by $9.6 million (to $10.4 million).

Overall, the City’s net position increased by $18.5 million (to $464.9 million).

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FINANCIAL ANALYSIS OF THE CITY AS A WHOLE The total net position of the City as of June 30, 2015 and 2016 are summarized in Table 1 below and are followed by a discussion of the balances by category.

Current and other assets - The City’s current and other assets increased by $14.1 million in the City’s cash and investment portfolio during the year as a result of a strong economy, most notably property taxes, transient occupancy taxes and other licenses and permits. In addition the City’s receivables and other assets increased by $5.7 million due to ongoing work for earthquake repairs

Capital assets - The City’s capital assets decreased by $6.9 million during the year to $475.5 million. The decrease is primarily due to depreciation ($19.9 million) offset by the addition of new capital activity, most notably the Water system projects ($2.9 million); Materials diversion covered composting ($1.8 million); and various street and sidewalk improvements ($4.6 million).

Deferred Outflow of Resources - The City’s deferred outflow of resources ($11.3 million in Governmental activities and $2.3 million in Business-type activities) is the result of GASB 68 and the inclusion of the net pension liability in the financial statement presentation, and the impact of refunding the 2007 Water Revenue bonds ($1.1 million) in Business-type activities.

Long-term liabilities - The long-term liabilities of $186.0 million includes the net pension liability as required by GASB 68, in addition to the City’s revenue bonds issued for the water fund. Finally, we continue the reduction of long-term debt in both governmental activities and business-type activities through the absence of new debt issues in the current year and timely payment on outstanding issues.

Current and Other Liabilities - The City’s current and other liabilities decreased by $0.4 million to total $18.2 million. This decrease is a reduction of accounts payable and accrued liabilities in Governmental activities.

Deferred Inflow of Resources - The City’s deferred inflow of resources ($9.6 million in Governmental activities and $0.8 million in Business-type activities) is also related to GASB 68 and adjustments to the net pension liability in the financial statement presentation.

Net position - The City’s total net position increased by $18.5 million during the fiscal year to $464.9 million. The Governmental Activities net position balance of $351.3 million includes $351.1 million of net investment in capital assets, $41.7 million restricted funds available for capital projects and other programs, and a remaining deficit balance of $41.5 million to be offset by future revenues and reduction of non-capital related debt. As in fiscal 2015, this deficit was caused by the inclusion of the net pension liability of $129 million, per GASB 68. The City’s

June 30, 2015 June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 June 30, 2016

Assets:

Current and other assets 118,629,865$ 132,756,489$ 51,380,827$ 57,743,214$ 170,010,692$ 190,499,703$

Capital assets 359,002,016 352,464,570 123,430,711 123,071,581 482,432,727 475,536,151

Assets 477,631,881 485,221,059 174,811,538 180,814,795 652,443,419 666,035,854

Deferred Outflows of Resources

Deferred outflows 10,329,300 11,281,831 1,030,670 2,262,863 11,359,970 13,544,694

Deferred Outflows 10,329,300 11,281,831 1,030,670 2,262,863 11,359,970 13,544,694

Liabilities:

Long-term liabilities 118,918,453 125,163,654 59,485,872 60,879,997 178,404,325 186,043,651

Current and other liabilities 10,876,692 10,429,252 7,766,396 7,811,932 18,643,088 18,241,184

Liabilities 129,795,145 135,592,906 67,252,268 68,691,929 197,047,413 204,284,835

Deferred Inflows of Resources

Deferred inflows 18,527,345 9,583,036 1,821,532 814,374 20,348,877 10,397,410

Deferred Inflows 18,527,345 9,583,036 1,821,532 814,374 20,348,877 10,397,410

Net position:

Net investment in capital assets 357,559,249 351,129,248 75,160,311 75,327,669 432,719,560 426,456,917

Restricted 37,847,661 41,722,015 169,308 724,359 38,016,969 42,446,374

Unrestricted (55,768,219) (41,524,315) 31,438,789 37,519,327 (24,329,430) (4,004,988) Total net position 339,638,691$ 351,326,948$ 106,768,408$ 113,571,355$ 446,407,099$ 464,898,303$

Table 1

Summary of Net Position

Governmental Activities Business-type Activities Total

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Business-type Activities reported a net position balance of $113.6 million, which includes $75.3 million of net investment in capital assets, $0.2 million in restricted housing programs, $0.5 million in restricted debt service and $37.5 million available for future needs including capital projects.

Government-wide Statement of Activities

The changes in the City’s government-wide net position for the year ended June 30, 2016 result from its activities during the fiscal year. The City’s government-wide activities for the current and prior fiscal years are summarized in Table 2 below.

The Governmental activities net position increased to $351.3 million during the year, as measured on the accrual basis of accounting. Governmental activities fiscal 2016 revenues increased by 8.9% (to $99.3 million). Charges for Services revenues decreased by $0.9 million, but were more than offset by increases in all other revenues ($10.3 million). Operating and Capital grants and contributions increased over fiscal 2015, which is a function of capital project activity funded by grants. General revenues (Property, sales and other taxes) and other revenues increased by $3.3 million as evidence of a strong economy in the Napa Valley (most notably property tax and transient occupancy tax). Other revenues included one-time revenues from the sale of property acquired as part of a street improvement project. Business type activities experienced an increase in charges for services of $4.1 million, primarily due to services provided by the materials diversion fund. Operating grants increased by $0.3 million while capital grants increased by $0.7 million. The capital grants were provided by FEMA and CalOES to help support repairs to the water system caused by the August 2014 South Napa earthquake. City expenses decreased by $2.2 million overall, with Governmental activities expenses accounting for $.5 million of the reduction and the business-type activities reducing by $1.7 million. The earthquake recovery effort increased


Revenues:

Program revenues:

Charges for services 24,341,937$ 23,404,949$ 50,609,891$ 54,702,895$ 74,951,828$ 78,107,844$

Operating grants and contributions 1,948,170 4,652,353 11,539,293 11,860,381 13,487,463 16,512,734

Capital grants and contributions 2,292,958 5,359,152 2,449,830 3,194,825 4,742,788 8,553,977

General revenues:

Property taxes 27,914,681 28,430,649 27,914,681 28,430,649

Franchise taxes 1,980,893 2,013,918 1,980,893 2,013,918

Sales taxes 16,183,811 15,947,343 16,183,811 15,947,343

Transient occupancy taxes 15,868,715 18,232,924 15,868,715 18,232,924

Other 686,013 1,316,825 172,283 559,887 858,296 1,876,712

Total revenues 91,217,178 99,358,113 64,771,297 70,317,988 155,988,475 169,676,101

Expenses:

Governmental activities:

General government 21,312,351 15,518,775 21,312,351 15,518,775

Public safety 38,299,417 39,402,459 38,299,417 39,402,459

Public works 17,369,631 19,689,070 17,369,631 19,689,070

Park and recreation 7,598,281 8,873,660 7,598,281 8,873,660

Community Development 7,969,662 8,538,328 7,969,662 8,538,328

Business-type activities:

Water 25,698,750 25,132,975 25,698,750 25,132,975

Garbage 22,562,943 21,425,404 22,562,943 21,425,404

Housing 12,570,664 12,622,808 12,570,664 12,622,808

Total expenses 92,549,342 92,022,292 60,832,357 59,181,187 153,381,699 151,203,479

Excess before special

items and transfers (1,332,163) 7,335,821 3,938,940 11,136,801 2,606,776 18,472,622

Special Items 2,173,091 18,572 2,173,091 18,572

Transfers 4,303,764 4,333,864 (4,303,764) (4,333,864) (0)

Changes in net position 5,144,691 11,688,257 (364,824) 6,802,937 4,779,867 18,491,194

Net Position - Beginning 334,494,000 339,638,691 107,133,232 106,768,418 441,627,232 446,407,109

Net Position - Ending 339,638,691$ 351,326,948$ 106,768,408$ 113,571,355$ 446,407,100$ 464,898,303$

Changes in Net Position


Table 2

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expenditures by approximately $5.9 million in fiscal 2015 over the prior year ($4.0 million in governmental activities and $1.9 million in business-type activities), and resulted in relatively flat expenditures between fiscal 2015 and 2016.

FINANCIAL ANALYSIS OF THE CITY’S FUNDS

In addition to the accrual-basis government-wide statements described above, the City also maintains financial records at the fund level for budgetary control. Individual funds are generally established to track the resources and operating results for the general fund and specific restricted programs. The results for governmental funds below differ from the results reported above in the government-wide statements since the focus here is on current, available resources. The following are financial highlights from the City’s most significant funds: Governmental Funds

General Fund - The City’s General Fund budgeted revenues of $84.4 million, and realized $83.4 million (99% of budget), an increase of $7.1 million (approximately 9.3%) from the previous year. This increase is attributed to a strong economy, as additional revenues were received, most notably in property tax, transient occupancy tax, and licenses and permits categories.

General Fund expenditures were budgeted at $81.3 million (excluding transfers) and realized at $75.3 million (93% of budget). Fiscal 2016 expenditures increased over the prior year by $3.3 million (approximately 4.6 percent). The earthquake recovery budget and efforts are reflected in the Public Works department in fiscal 2016 to more closely reflect the support required to complete the repair projects. The significant variances with Budget in the General Fund are as follows: Intergovernmental revenues were under budget by $1.9 million. $0.4 million was related to a mis-calculation on the reconciliation payment from the triple-flip unwind, and lagging sales tax receipts (e.g. reduced gasoline prices). The largest piece ($1.4 million) was related to delays in grant related activities (e.g. ongoing earthquake repairs) that will be completed and reimbursed in fiscal 2017. Departmental expenditure variances in Police (underspent by $1.1 million), and Community Development ($0.9 million) were all related to ongoing activities (e.g. grant or developer funded studies) that will continue into fiscal 2017. The delay in capital outlay ($2.9 million) was related to ongoing projects (e.g. earthquake repairs, replacement of the dispatch console), and will be completed in future fiscal years. Development Fees Fund - The sources of revenue for this fund are the various development impact fees collected from developers which are used for the installation or expansion of related infrastructure and affordable housing. Fiscal 2016 revenues were $2.6 million, an increase of $0.1 million from the prior year due to increased new development activity over the prior year. Development Fees fund expenditures totaled $0.34 million. The delayed expenditures will occur in a future fiscal year as the various projects move through to completion.

54%

6%

26%

12%1%

Revenues by SourceTotal Government Funds

Taxes

Licenses, permits & fees

Intergovernmental

Charges for Services

Investment Income

Miscellaneous revenues

15

HOME Fund – This fund accounts for Federal grants received under the HOME Investment Partnership Program that is administered by the State of California and program income received from the repayment of previous loans. These funds are used to provide down payment assistance to low-income first-time homebuyers.

Successor Agency Low/Mod Fund – This fund accounts for the required 20% set-aside for repayment of the loan between the Napa Redevelopment Agency and the Water Enterprise. City Capital Projects Fund - The City’s capital program saw a decline in expenditures of $0.6 million due to the cyclical construction activity of capital projects. In total, $4.9 million in capital outlay was expended during fiscal 2016. In addition to the revenues received (capital grants), transfers of $11.6 million from the various special revenue funds and general fund provided funding for the capital activity. All resources in this fund are restricted or committed for specific capital improvement programs.

Enterprise Funds

Water Utility Fund – This fund is a fully self-supported enterprise providing water service to the City and adjacent areas. Charges for water and connection fees have consistently been set appropriately to cover both operating and planned maintenance, replacement and expansion costs. The fund issued bonds in 2007 to expand the Jamieson Canyon Treatment Facility. Construction began in 2008, and was completed in fiscal year 2011. The 2007 bonds were refunded in February 2016 through a new Series 2016 Water Revenue Bond. Net position (unrestricted) includes reserves for capital replacement ($0.4 million) and water supply ($1.4 million) as well as a rate stabilization ($1.6 million) and an emergency reserve for the water utility ($1.1 million). Unrestricted net position of the fund increased by $4.8 million over fiscal year 2015 due to the refunding of the series 2007 water revenue bonds which deferred debt service payments for fiscal year 2016.

$0 $15.00 $30.00 $45.00 $60.00 $75.00 $90.00

General Fund

Development Fees Fund

Home Program Fund

Successor Agency…

City Capital Projects…

Other Governmental…

General FundDevelopment

Fees Fund

HomeProgram

Fund

SuccessorAgency

Low/Mod

City CapitalProjects

Fund

OtherGovernmenta

l Funds

Revenues (in million $) $83.37 $2.62 $.46 $- $1.04 $7.44

Expenses (in million $) $75.29 $.34 $.84 $- $4.88 $9.23

Total Revenues & ExpendituresGovernment Funds

(in millions)

16

Materials Diversion Fund - The materials diversion fund is also a fully self-supported enterprise which provides for local solid waste operations and operation of the materials diversion facility. Of the fund’s $21.4 million in operating expenses, $3.0 million was for tipping fees. Net position (unrestricted) includes reserves for rate stabilization ($1.6 million) and operating reserve of $4.6 million. Total net position of this fund increased $2.9 million over fiscal 2015 due to increased revenues and decreased expenditures. Housing (Enterprise) Fund – The Housing Authority administers Federal funds including Section 8 Housing Vouchers, Mainstream Vouchers, and Continuum of Care funds within Napa. The Housing fund net position was increased by $0.3 million in fiscal 2016.

$0 $5.00 $10.00 $15.00 $20.00 $25.00 $30.00

Water Utility

Materials Diversion Utility

Housing

Water Utility Materials Diversion Utility Housing

Revenues (in million $) $29.29 $26.70 $13.05

Expenses (in million $) $25.13 $21.43 $12.62

Total Revenue & ExpensesEnterprise Funds

(in millions)

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CAPITAL ASSETS

As of June 30, 2016, the City had invested $475.5 million in capital assets, net of accumulated depreciation; a decrease of 0.9% from the prior year. The $6.5 million decrease in governmental activities capital assets is the net result of ongoing projects offset by $14.5 million in depreciation. Additionally, construction in progress decreased in fiscal 2016, from an effort to close projects out of Construction in progress to their appropriate asset group. Business-type activities realized a decrease of $0.4 million total which is the net impact of continuing work on approximately 23 construction projects; offset by $5.3 million in depreciation. A summary of the City’s capital assets net of depreciation at June 30, 2015 and 2016 is presented in Table 3. Additional information on Capital Assets can be found in Note 6.

DEBT ADMINISTRATION The City uses a variety of indebtedness to finance various capital acquisitions and improvements. At June 30, 2016, the City’s long-term debt outstanding was $50.7 million. In fiscal 2016, the water utility refunded the 2007 series water revenue bonds, through the issue of a 2016 series water revenue bond. As part of that transaction, most of the notes payable for the water utility were also paid in full. The following table provides a schedule of the City’s long-term debt obligations at June 30, 2015 and 2016.

Additional information on Long Term Debt can be found in Note 7.

Table 3


Capital assets not subject to

depreciation:

Land 25,121,713$ 26,393,172$ 5,283,681$ 5,283,681$ 30,405,394$ 31,676,853$

Construction in progress 97,976,876 13,422,450 8,534,192 9,626,289 106,511,068 23,048,739

Other capital assets:

Building and

improvements 14,400,395 15,417,896 58,264,074 58,242,844 72,664,469 73,660,740

Equipment 4,823,500 5,022,101 2,154,000 2,026,410 6,977,500 7,048,511

Vehicles and rentals 6,541,223 7,112,769 6,541,223 7,112,769

Infrastructure:

Transmission and

distribution systems 49,194,764 47,892,357 49,194,764 47,892,357

Bridges 17,562,131 67,247,165 17,562,131 67,247,165

Roads 169,317,770 177,834,795 169,317,770 177,834,795

Curb/gutter/sidewalks 9,093,767 12,267,997 9,093,767 12,267,997

Traffic signals 4,274,087 4,564,473 4,274,087 4,564,473

Stormwater 3,765,246 5,300,931 3,765,246 5,300,931

Park improvements 4,882,056 13,982,435 4,882,056 13,982,435

Underground utilities 52,053 1,367,206 52,053 1,367,206

Street Lights 1,129,999 2,500,580 1,129,999 2,500,580

Water Rights 61,200 30,600 61,200 30,600

Total Capital Assets, net 359,002,016$ 352,464,570$ 123,430,711$ 123,071,581$ 482,432,727$ 475,536,151$

Capital Assets, net of accumulated depreciation



Water revenue bonds 43,140,673$ 47,989,710$ 43,140,673$ 47,989,710$

Notes payable 1,442,767$ 1,335,322$ 5,599,244 1,389,321 7,042,011 2,724,643

Total Long Term Debt 1,442,767$ 1,335,322$ 48,739,917$ 49,379,031$ 50,182,684$ 50,714,353$

Table 4

Long Term Debt


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ECONOMIC OUTLOOK

The City annually prepares a multi-year financial plan, which focuses on long-term financial viability and allows decision makers to better understand the impact of policy decisions. Budget development is guided by a series of policies adopted by the City Council, which guides long-term planning, minimum reserve levels, employee compensation, cash and debt management, information technology and utility rates. The long-term financial plan is based on these key assumptions: Property Taxes - Pursuant to Proposition 13, passed by California voters in 1978, countywide property taxes are set at 1% of assessed value. Upon change of ownership, the assessed value of a property is reset to the current market value (sales price). Property taxes are the largest source of revenue to the General Fund. Property Taxes are approximately 30% of the City’s total General Fund revenues for FY 15-16. The collection of secured property taxes is expected to increase by approximately 4% for FY 16-17 and for future years, resulting from the increase in assessed values for properties within the City. Transient Occupancy Tax – The Transient Occupancy Tax is the second largest revenue source for the City. The baseline revenue received from these taxes is expected to grow at a rate of 5% annually. Additional revenues are expected from the many hotel projects currently in various stages of development throughout the City. These new hotel projects are estimated to bring in approximately $18 million over the next three fiscal years. Sales Tax – Muni Services provides estimates for sales and use tax as part of their contract with the City. Their estimates are based on current economic projections, and predict a slowing of growth for these revenues to below the historical 5-year average. The level of projected development is estimated by Community Development staff and reflects projects that have been approved or are being reviewed. Personnel Costs – These are based on current staffing levels, a vacancy savings rate of 2%, annual increases for cost of living and merit increases of 3.85%, and no change in employee contributions to their pensions. The forecast also includes additions of 5 new employees per fiscal year. Pension Costs - Pension rates for 16/17 are based on Public Employees Retirement System (PERS) rates supplied by CalPERS. Rates for the next several years are being adjusted based on the PERS recent discount rate change, and are expected to increase by at least 3% from former projections.

CONTACTING THE CITY These Basic Financial Statements are intended to provide citizens, taxpayers, investors, and creditors with a general overview of the City’ finances. Questions about this report should be directed to the Finance Department at 955 School Street, Napa, California. The mailing address is Post Office Box 660, Napa, California, 94559-0660.

19

GOVERNMENT WIDE FINANCIAL STATEMENTS

20

CITY OF NAPASTATEMENT OF NET POSITION

JUNE 30, 2016

Governmental Business-Type Activities Activities Total

Cash and investments (Note 3) 102,804,887$ 37,402,514$ 140,207,401$ Restricted cash and investments (Note 3) - 724,359 724,359Receivables

Accounts 10,296,615 7,374,991 17,671,606Federal, state and other governments 3,439,606 2,123,844 5,563,450Interest receivable 13,000 5,362 18,362Service Concession Arrangement (Note 17) 627,946 627,946Loans receivable (Note 5) 15,115,210 10,112,144 25,227,354

Prepaid items 152,159 152,159Inventory 307,066 307,066Capital assets (Note 6)

Nondepreciable 39,815,622 14,909,970 54,725,592Depreciable,net 312,648,948 108,161,611 420,810,559

Total Assets 485,221,059 180,814,795 666,035,854

DEFERRED OUTFLOWS OF RESOURCESDeferred outflows related to pensions (Note 10) 11,281,831 1,161,395 12,443,226Deferred charge on refunding 1,101,468 1,101,468

Total Deferred Outflows of Resources 11,281,831 2,262,863 13,544,694

LIABILITIESAccounts payable and accrued liabilities 6,052,095 4,700,436 10,752,531Interest payable 290,413 290,413Deposits payable

Due within one year 1,386,779 682,363 2,069,142Due in more than one year 86,980 86,980

Unearned revenue 445,009 153,892 598,901

Compensated absences (Note 1)

Due within one year 37,616 138,302 175,918Due in more than one year 2,772,220 377,193 3,149,413

Claims payable (Note 12)Due within one year 2,392,320 2,392,320Due in more than one year 3,972,780 3,972,780

Long-term debt (Note 7)Due within one year 115,433 1,759,546 1,874,979Due in more than one year 1,219,889 47,619,485 48,839,374

Net OPEB obligation (Note 11) 933,774 933,774Net pension liability (Note 10) 116,264,991 12,883,319 129,148,310

Total Liabilities 135,592,906 68,691,929 204,284,835

DEFERRED INFLOWS OF RESOURCESDeferred inflows related to pensions (Note 10) 8,955,090 814,374 9,769,464

627,946 627,946

Total Deferred Inflows of Resources 9,583,036 814,374 10,397,410

NET POSITION (Note 9)Net investment in capital assets 351,129,248 75,327,669 426,456,917Restricted for:

Capital projects 37,798,115 37,798,115Debt Service 472,461 472,461Housing grant programs 3,923,900 251,898 4,175,798

Unrestricted (41,524,315) 37,519,327 (4,004,988)

Total Net Position 351,326,948$ 113,571,355$ 464,898,303$

See accompanying notes to financial statements

Deferred inflows related to Service Concession

ASSETS

21

CITY OF NAPASTATEMENT OF ACTIVITIES

FOR THE YEAR ENDED JUNE 30, 2016

Program RevenuesOperating Capital

Charges for Grants and Grants and Governmental Business-typeFunctions/Programs Expenses Services Contributions Contributions Activities Activities TotalGovernmental Activities:

General government 15,518,775$ 7,128,670$ 10,282$ 707,173$ (7,672,650)$ (7,672,650)$ Public safety 39,402,459 7,616,506 2,300,377 (29,485,576) (29,485,576) Public works 19,689,070 1,378,255 975,188 3,751,777 (13,583,850) (13,583,850) Parks and recreation 8,873,660 1,322,861 285,164 622,668 (6,642,967) (6,642,967) Community development 8,538,328 5,958,657 1,081,342 277,534 (1,220,795) (1,220,795)

Total Governmental Activities 92,022,292 23,404,949 4,652,353 5,359,152 (58,605,838) (58,605,838)

Business-type Activities:Water Utility 25,132,975 26,979,829 3,194,825 5,041,679$ 5,041,679 Materials Diversion 21,425,404 26,486,856 49,177 - 5,110,629 5,110,629 Housing 12,622,808 1,236,210 11,811,204 - 424,606 424,606

Total Business-type Activities 59,181,187 54,702,895 11,860,381 3,194,825 10,576,914 10,576,914

Total Primary Government 151,203,479$ 78,107,844$ 16,512,734$ 8,553,977$ (58,605,838) 10,576,914 (48,028,924)

General revenues:

Property 28,430,649 28,430,649Franchises 2,013,918 2,013,918Sales taxes 15,947,343 15,947,343Transient occupancy 18,232,924 18,232,924

Investment earnings 573,908 543,751 1,117,659742,917 16,136 759,053

Special Items 18,572 18,572Transfers (Note 4) 4,333,864 (4,333,864)

Total general revenues, special items, extraordinary items, and transfers 70,294,095 (3,773,977) 66,520,118

Change in Net Position 11,688,257 6,802,937 18,491,194

Net Position-Beginning 339,638,691 106,768,418 446,407,109

Net Position-Ending 351,326,948$ 113,571,355$ 464,898,303$


Changes in Net PositionNet (Expense) Revenue and

Gain on Sale of Capital Assets

Taxes

22

GOVERNMENTAL FUNDS FINANCIAL STATEMENTS

23

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Successor TotalAgency City Non-Major Total

Development Home Low Mod Capital Governmental GovernmentalGeneral Fees Program Set Aside Projects Funds Funds

Cash and investments (Note 3) 16,564,194$ 21,136,412$ 226,087$ 37,455$ 30,653,846$ 18,381,175$ 86,999,169$ Receivables, net:

Accounts 9,246,127 20,313 - - - 211,687 9,478,127

1,658,474 - - 1,378,686 398,044 3,435,204Interest receivable 4,205 3,461 36 - 2,896 10,598Loans receivable (Note 5) 1,100,000 8,093,626 5,921,584 15,115,210

Due from other funds (Note 4) 803,477 803,477Prepaid items 52,159 52,159Inventory 1,879 1,879Advances from other funds (Note 4) 482,850 183,600 675,000 1,341,450

Total Assets 29,913,365$ 21,343,786$ 8,319,749$ 37,455$ 32,707,532$ 24,915,386$ 117,237,273$

LIABILITIES

Accounts payable and accrued liabilities 4,373,080$ 27,803$ 1,709$ 635,222$ 570,269$ 5,608,083$ Vacation and sick leave accrual (Note 1) 8,057 8,057Deposits payable 952,147 370,012 64,620 1,386,779Due to other funds (Note 4) 335,870 335,870Unearned revenue 400,759 - - 44,250 445,009Advances to other funds (Note 4) - 1,341,450 1,341,450

Total Liabilities 5,734,042 397,815 1,709 635,222 2,356,459 9,125,247

DEFERRED INFLOWS OF RESOURCES

1,100,000 8,093,626 9,193,626

67,002 103,878 170,880Total Deferred Inflows of Resources 1,167,002 8,093,626 103,878 9,364,506

Nonspendable 536,888 - 536,888Restricted 50,664 20,945,971 224,414 37,455$ 270,173 16,703,488 38,232,165Committed 500,000 - 31,698,260 - 32,198,260Assigned 18,873,793 - 1,589,224 20,463,017Unassigned 3,050,976 - (1,662,182) 1,388,793

Total Fund Balances 23,012,321 20,945,971 224,414 37,455 31,968,433 16,630,530 92,819,123

29,913,365$ 21,343,786$ 8,319,749$ 37,455$ 32,707,532$ 18,986,989$ 111,308,876$


CITY OF NAPABALANCE SHEET

GOVERNMENTAL FUNDS

JUNE 30, 2016

Federal, state and other

governments

Total Liabilities, Deferred Inflows of

Resources and Fund Balances

FUND BALANCES (Note 9)

Unavailable revenue - Capital grants Unavailable revenue - Revolving loans

ASSETS

and contributions

25

CITY OF NAPA

Reconciliation of the

GOVERNMENTAL FUNDS -- BALANCE SHEET

to the

GOVERNMENT-WIDE STATEMENT OF NET POSITION

JUNE 30, 2016

Fund balances, as reported on the Governmental Funds Balance Sheet 92,819,123$

Amounts reported for Governmental Activities on the Statement of Net Positionare different from those reported on the Governmental Funds Balance sheet because of the following:

Capital assets:Capital assets used in Governmental Activities are not current assets or financial resources and

therefore are not reported in the Governmental Funds. 345,119,238

Non-current revenues:Other long-term assets are not available to pay for current period expenditures and, therefore,

are reported as unavailable revenue in the funds.Loans and Grants 15,292,903

Deferred Outflows of resources

Deferred outflows related to pensions 10,160,367 11,093,894

Internal Service Fund net position:Internal service funds are not governmental funds. However, they are used by management to

charge the costs of certain centralized activities, such as insurance, stores, and vehicle maintenanceto individual governmental funds. The net position of the Internal Service Funds are thereforeincluded as Governmental Activities on the Statement of Net Position. 14,060,232

Long-term liabilities:The liabilities below are not due and payable in the current period and therefore are not

reported on the Governmental Funds Balance Sheet:Compensated absences (2,746,409)Net Pension Obligation (114,155,053)Notes payable (1,335,322)

(118,236,784)

Deferred inflows related to pensions are only reported in the Statement of Net Position (8,821,658)

(8,821,658)

Net position of Governmental Activities, as reported on the Statement of Net Position 351,326,948$


Deferred outflows related to pensions are only reported in the Statement of Net Position

Deferred inflows of resources:

26

Successor TotalAgency City Non-Major Total

Development Home Low Mod Capital Governmental GovernmentalGeneral Fees Program Set Aside Projects Funds Funds

REVENUES50,821,529$ 732,994$ 51,554,523$

Licenses, permits and fees 5,752,852 5,752,852 Intergovernmental 20,142,355 -$ 1,043,380$ 2,892,096 24,077,831 Charges for services 5,782,367 1,987,857$ 458,316$ 431 3,421,806 11,650,777 Investment income 573,908 359,079 4,495 325$ 300,685 1,238,492 Miscellaneous revenues 299,531 269,944 18,567 86 92,740 680,868

Total Revenues 83,372,542$ 2,616,880 462,811 18,892 1,043,897 7,440,321 94,955,343

EXPENDITURESCurrent:

General governmentCity Council 316,862 316,862 City Clerk 794,545 794,545 City Manager 1,184,761 1,184,761 Finance 5,351,272 5,351,272 City Attorney 928,464 928,464 Human Resources 1,146,139 1,146,139 General Services 1,877,402 29,589 1,906,991

Public safetyPolice 25,132,957 653,172 25,786,129 Fire 15,817,479 454 15,817,933

Public works 9,964,166 6,045 76,983 10,047,194 Parks and recreation 8,497,788 3,149 353,645 8,854,582 Community development 4,195,722 28,693 844,058 9 2,134,893 7,203,375

Capital outlay 57,603 4,879,785 5,962,650 10,900,038 Debt service: -

Principal 269,943 - - - 50,000 319,943 Interest and fiscal charges 21,054 - - - - 1,500 22,554

Total Expenditures 75,286,214 337,873 844,058 9 4,879,785 9,232,843 90,580,782

Excess (Deficiency) of Revenues over(under) Expenditures 8,086,328 2,279,007 (381,247) 18,883 (3,835,888) (1,792,522) 4,374,561

OTHER FINANCING SOURCES (USES)Transfers in (Note 4) 3,676,143 11,797,126 6,462,552 21,935,821Transfers out (Note 4) (11,639,641) (1,267,491) (2,486) (182,700) (4,402,825) (17,495,143)Sale of capital assets 1,645,783 1,286,959 - - 2,932,742

Total Other Financing Sources (Uses) (6,317,715) 19,468 (2,486) 11,614,426 2,059,727 7,373,420

SPECIAL ITEM (Note 18)Assets / Liabilities transferred to City from -

Successor Agency 18,572 18,572

Net Change in Fund Balances 1,768,613 2,298,475 (383,733) 37,455 7,778,538 267,205 11,766,553

Beginning Fund Balances 21,243,708 18,647,496 608,146 24,189,895 16,363,325 81,052,570

Ending Fund Balances 23,012,321$ 20,945,971$ 224,414$ 37,455$ 31,968,433$ 16,630,530$ 92,819,123$


CITY OF NAPAGOVERNMENTAL FUNDS

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCESFOR THE YEAR ENDED JUNE 30, 2016

Taxes

27

CITY OF NAPA

Reconciliation of the

GOVERNMENTAL FUNDS STATEMENT

OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES

to the

GOVERNMENT WIDE STATEMENT OF ACTIVITIES


Net change in fund balances, as reported on the Statement of Revenues, Expenditures, andChanges in Fund Balance 11,766,553$

Amounts reported for Governmental Activities on the Statement of Activities are different from those reported on the Statement of Revenues, Expenditures, and Changes in Fund Balancebecause of the following:

Capital asset transactions:Governmental Funds report capital outlays as expenditures. However,

on the Statement of Activities the cost of those assets is capitalized and allocated overtheir estimated useful lives and reported as depreciation expense.

Capitalized expenditures are added back to net position 8,569,146Capital contributions are added back to fund balanceNet retirements are deducted from fund balance (2,189,825)Depreciation expense is deducted from net position (13,483,140) (Depreciation expense is net of internal service fund depreciation (7,103,819) of $1,053,172 which has already been allocated to service funds)

Accrual of non-current revenues and expenditures:The amounts below included in the Statement of Activities do not provide or (require) the use

of current financial resources and therefore are not reported as revenue or expenditures in governmental funds (net change)

Unavailable revenue 1,522,387Change in net pension liability 3,538,824Vacation and sick leave payable (74,889)

4,986,322

Internal service fund activities:Internal Service Funds are used by management to allocate the costs of certain centralized activities,

such as self-insurance, central stores, and vehicle maintenance, to individual funds and programs.Because these funds serve mostly governmental activities, their net revenue (expense) is reported with governmental activities on the Statement of Activities. 2,039,201

Change in Net Position of Governmental Activities, as reported on the Statement of Activities 11,688,257$


28

CITY OF NAPAGENERAL FUND

STATEMENT OF REVENUES, EXPENDITURESAND CHANGES IN FUND BALANCES

BUDGET AND ACTUALFOR THE YEAR ENDED JUNE 30, 2016

Variance withFinal Budget

Final PositiveOriginal Budget Actual (Negative)

Beginning Fund Balance 21,243,708$

Revenues:Taxes 48,247,000$ 50,455,562$ 50,821,529 365,967$ Licenses, permits and fees 4,529,550 5,785,695 5,752,852 (32,843)Intergovernmental 18,037,513 22,006,120 20,142,355 (1,863,765)Charges for services 4,789,058 5,554,277 5,782,367 228,090Investment income 180,000 380,000 573,908 193,908Miscellaneous revenues 157,615 266,875 299,531 32,656

Total Revenues 75,940,736 84,448,529 83,372,542 (1,075,987)

Expenditures:Current:

General governmentCity Council 322,756 322,756 316,862 5,894City Clerk 835,061 903,839 794,545 109,293City Manager 1,222,983 1,297,599 1,184,761 112,838Finance 5,762,828 5,952,773 5,351,272 601,501City Attorney 1,050,146 1,109,031 928,464 180,567Human Resources 1,218,566 1,230,078 1,146,139 83,939General Services 2,552,624 1,855,094 1,877,402 (22,308)

Public safetyPolice 25,287,320 26,196,064 25,132,957 1,063,107Fire 15,152,441 15,926,645 15,817,479 109,166

Public works 8,325,546 9,746,043 9,964,166 (218,123)Parks and recreation 8,375,012 8,568,393 8,497,788 70,605Community Development 4,257,343 5,082,169 4,195,722 886,447

Debt ServicePrincipal repayment 107,446 107,446 107,446Interest and fiscal charges 21,054 21,054 21,054

Capital outlay 505,200 2,952,594 57,603 2,894,991

Total Expenditures 74,996,326 81,271,578 75,286,214 5,985,364

Other Financing Sources (Uses):Transfers in 3,678,642 3,681,982 3,676,143 (5,839)Transfers (out) (2,651,348) (11,088,657) (11,639,641) (550,984)Sale of capital assets 1,595,783 1,645,783 50,000

Total Other Financing Sources (Uses) 1,027,294 (5,810,891) (6,317,715) (506,824)

Net Change in Fund Balances 1,971,703$ (2,633,940)$ 1,768,613 4,402,553$

Ending Fund Balance 23,012,321$


Budgeted Amounts

29

CITY OF NAPA

DEVELOPMENT FEES SPECIAL REVENUE FUND

STATEMENT OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES

BUDGET AND ACTUAL





Revenues:Charges for services 1,650,600$ 2,261,100$ 1,987,857 (273,243)$ Investment income 141,774 141,774 359,079 217,305Principal payments received 342,858 342,858 269,944 (72,914)

Total Revenues 2,135,232 2,745,732 2,616,880 (128,852)


General governmentGeneral Services 51,000 51,000 29,589 21,411

Public safetyFire 454 (454)

Parks and recreation 8,000 8,000 3,149 4,851Public works 6,045 (6,045)Community Development 250,000 250,000 28,693 221,307

Debt servicePrincipal 342,858 342,858 269,943 72,915

Total Expenditures 651,858 651,858 337,873 313,985

Other Financing Sources (Uses):Transfers inTransfers (out) (1,065,452) (6,417,682) (1,267,491) 5,150,191Sale of capital assets 1,286,959 1,286,959

Total Other Financing Sources (Uses) (1,065,452) (5,130,723) 19,468 5,150,191

Net Change in Fund Balances 417,922$ (3,036,849)$ 2,298,475 5,335,324$



Budgeted Amounts

30

CITY OF NAPA

HOME PROGRAM SPECIAL REVENUE FUND



BUDGET AND ACTUAL




Beginning Fund Balance 608,146$

Revenues:Intergovernmental 175,947$ 175,947$ - (175,947)$ Charges for services 76,291 76,291 458,316 382,025 Investment income 1,000 1,000 4,495 3,495

Total Revenues 253,238 253,238 462,811 209,573


Community Development 507,584 507,584 844,058 (336,474)

Total Expenditures 507,584 507,584 844,058 (336,474)

Other Financing Sources (Uses):Transfers (out) (2,486) (2,486) (2,486)

Total Other Financing Sources (Uses) (2,486) (2,486) (2,486)

Net Change in Fund Balances (256,832)$ (256,832)$ (383,733) (126,901)$

Ending Fund Balance 224,414$


Budgeted Amounts

31

CITY OF NAPA

SUCCESSOR AGENCY LOW / MOD SPECIAL REVENUE FUND



BUDGET AND ACTUAL




Beginning Fund Balance -$

Revenues:Intergovernmental -$ -$ -$ Investment income 325 325$ Miscellaneous revenues 18,567$ 18,567$ 18,567

Total Revenues 18,567 18,567 18,892 325


Community Development 9 (9)

Total Expenditures 9 (9)

Other Financing Sources (Uses):Special Items - transfer asset to liability from Successor

Agency Private Purpose Trust 18,567 18,567 18,572 5

Total Other Financing Sources (Uses) 18,567 18,567 18,572 5

Net Change in Fund Balances 37,134$ 37,134$ 37,455 321$



Budgeted Amounts

32

PROPRIETARY FUNDS FINANCIAL STATEMENTS

33

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CITY OF NAPAPROPRIETARY FUNDS

STATEMENT OF NET POSITIONJUNE 30, 2016

Business-type Activities - Enterprise FundsGovernmental

Materials Activities-Water Diversion Internal ServiceUtility Utility Housing Totals Funds

Current Assets:Cash and investments (Note 3) 24,312,815$ 8,015,068$ 5,074,631$ 37,402,514$ 15,805,718$ Receivables, net:

Accounts 4,370,377 2,968,241 36,373 7,374,991 818,488Federal, state and other governments 2,085,390 70 38,384 2,123,844 4,402Interest receivable 3,443 1,267 652 5,362 2,402

Prepaid items 100,000Inventory (Note 1) 305,187

Total Current Assets 30,772,025 10,984,646 5,150,040 46,906,711 17,036,197

Noncurrent Assets:Restricted cash and investments (Note 3) 472,461 251,898 724,359Loans receivable (Note 5) 637,343 9,474,801 10,112,144Capital assets (Note 6)

Nondepreciable 3,977,793 9,159,766 1,772,411 14,909,970 112,694Depreciable, net 98,910,703 5,747,842 3,503,066 108,161,611 7,232,638

Total Noncurrent Assets 103,998,300 14,907,608 15,002,176 133,908,084 7,345,332

TOTAL ASSETS 134,770,325 25,892,254 20,152,216 180,814,795 24,381,529

Deferred charge on refunding of debt 1,101,468 1,101,468Deferred outflows related to pensions 1,015,741 126,376 19,278 1,161,395 187,937

Total deferred outflows of resources 2,117,209 126,376 19,278 2,262,863 187,937

LIABILITIES

Current Liabilities:Accounts payable and accrued liabilities 2,963,447 1,600,012 136,977 4,700,436 444,012Compensated absences (Note 1) 106,860 5,771 25,671 138,302 29,559Claims payable (Note 12) 2,392,320Accrued interest 289,342 1,071 290,413Deposits payable 296,862 355,298 30,203 682,363Unearned revenue 153,892 153,892Due to other funds (Note 4) 467,607Long-term debt (Note 7):

Revenue bonds 1,680,000 1,680,000Notes payable 79,546 79,546

Total Current Liabilities 5,490,403 1,961,081 273,468 7,724,952 3,333,498

Long-term Liabilities:Compensated absences (Note 1) 308,308 39,939 28,946 377,193 25,812Deposits payable 86,980 86,980Claims payable (Note 12) 3,972,780Net pension obligation 11,289,832 1,374,868 218,619 12,883,319 2,109,938Net OPEB obligation (Note 11) 933,774Long-term debt net of current portion (Note 7):

Revenue bonds, net of unamortized premiums 46,309,710 46,309,710Notes payable 1,309,775 1,309,775

Total Long-term Liabilities 57,907,850 1,414,807 1,644,320 60,966,977 7,042,304

TOTAL LIABILITIES 63,398,253 3,375,888 1,917,788 68,691,929 10,375,802

DEFERRED INFLOWS OF RESOURCESDeferred inflows related to pensions 713,701 86,843 13,830 814,374 133,432

NET POSITION (NOTE 9)

Net investment in capital assets 56,533,906 14,907,608 3,886,155 75,327,669 7,345,332Restricted for Debt Service 472,461 472,461Restricted for Housing Grant Programs 251,898 251,898Unrestricted 15,769,213 7,648,291 14,101,823 37,519,327 6,714,900

Total net position 72,775,580$ 22,555,899$ 18,239,876$ 113,571,355$ 14,060,232$


ASSETS

DEFERRED OUTFLOWS OF RESOURCES

35


STATEMENT OF REVENUES, EXPENSESAND CHANGES IN FUND NET POSITION


Business-type Activities - Enterprise FundsGovernmental


OPERATING REVENUESIntergovernmental Revenue 6,194$ Charges for services 24,042,568$ 26,420,963$ 1,236,210$ 51,699,741$ 11,448,437 Miscellaneous 2,937,261 65,893 3,003,154

Total Operating Revenues 26,979,829 26,486,856 1,236,210 54,702,895 11,454,631

OPERATING EXPENSESCost of goods sold 486,226Housing assistance 10,573,867 10,573,867General administrative 627,049 627,049Employee services and benefits 6,921,990 874,588 1,235,793 9,032,371 1,166,327Materials and services 11,733,736 20,056,878 31,790,614 3,617,176Insurance premiums 2,208 2,208 3,217,343Depreciation and Amortization 4,519,381 493,938 124,546 5,137,865 1,182,744

Total Operating Expenses 23,175,107 21,425,404 12,563,463 57,163,974 9,669,816

Operating Income (Loss) 3,804,722 5,061,452 (11,327,253) (2,461,079) 1,784,815

Investment income 378,444 160,972 4,335 543,751 216,030Connection fees and capital grants 1,260,506 1,260,506Interest expense and fiscal charges (1,957,868) (59,345) (2,017,213)Gain (loss) from sales of capital assets 16,136 16,136 145,170

(302,782) 160,972 (55,010) (196,820) 361,200

and Transfers 3,501,940 5,222,424 (11,382,263) (2,657,899) 2,146,015

Grants from other governments 1,934,319 49,177 11,811,204 13,794,700

Transfers in (Note 4) 68,550 68,550 728,888Transfers (out) (Note 4) (1,961,448) (2,326,940) (114,026) (4,402,414) (835,702)

Change in Net Position 3,543,361 2,944,661 314,915 6,802,937 2,039,201

Beginning Net Position 69,232,219 19,611,238 17,924,961 106,768,418 12,021,031

Ending Net Position 72,775,580$ 22,555,899$ 18,239,876$ 113,571,355$ 14,060,232$


NON-OPERATING REVENUES (EXPENSES)

Total Nonoperating Revenues (Expenses)

Income Before Capital Contributions

36


STATEMENT OF CASH FLOWSFOR THE YEAR ENDED JUNE 30, 2016

Business-type Activities-Enterprise FundsGovernmental


CASH FLOWS FROM OPERATING ACTIVITIESReceipts from customers 24,759,043$ 25,592,049$ 1,257,825$ 51,608,917$ 12,584,456$ Payments to suppliers (11,234,316) (20,544,974) (11,218,406) (42,997,696) (3,613,529)Loan collections 58,477 58,477Payments to or on behalf of employees (6,205,501) (801,085) (1,223,150) (8,229,736) (4,610,790)

Net cash provided (used) by Operating Activities 7,319,226 4,245,990 (11,125,254) 439,962 4,360,137

CASH FLOWS FROM NON-CAPITAL FINANCING ACTIVITIES

Operating grants received 1,934,319 49,177 11,831,775 13,815,271 - Interfund receipt (payment) 53,693 53,693 144,018Transfers in 68,550 - - 68,550 728,888Transfers (out) (1,961,448) (2,326,940) (114,026) (4,402,414) (835,702)

95,114 (2,277,763) 11,717,749 9,535,100 37,204

CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES

Connection fees and capital grants 1,260,506 1,260,506Acquisition of capital assets (2,772,982) (1,905,741) (100,012) (4,778,735) (1,749,109)Proceeds from sales of capital assets 16,136 16,136 145,170Proceeds from refunding of capital debt 4,849,037 4,849,037Deferred outflows of resources from debt activity (1,101,468) (1,101,468)Principal payments on capital debt (4,132,122) (80,622) (4,212,744)Interest paid on capital debt (2,039,007) (59,345) (2,098,352)

Net cash provided (used) by Capital and RelatedFinancing Activities (3,919,900) (1,905,741) (239,979) (6,065,620) (1,603,939)

CASH FLOWS FROM INVESTING ACTIVITIESInterest received 376,422 160,320 4,335 541,077 214,654

Net cash provided by Investing Activities 376,422 160,320 4,335 541,077 214,654

Net Increase (Decrease) in cash and cash equivalents 3,870,862 222,806 356,851 4,450,519 3,008,056

Cash and cash equivalents at beginning of period 20,914,414 7,792,262 4,969,678 33,676,354 12,797,662

Cash and cash equivalents at end of period 24,785,276$ 8,015,068$ 5,326,529$ 38,126,873$ 15,805,718$

Reconciliation of Operating Income (Loss) to Net Cash Provided by (Used for) Operating Activities:Operating income (loss) $3,804,722 $5,061,452 ($11,327,253) ($2,461,079) $1,784,815Adjustments to reconcile operating income to

cash flows from operating activities:Depreciation 4,519,381 493,938 124,546 5,137,865 1,182,744Pension Expense (185,497) (33,528) (4,533) (223,558) (238,379)

Change in assets, deferred outflow, liabilities and deferred inflows:Receivables, net - (increase)/decrease (1,371,163) (861,733) 95,984 (2,136,912) 1,129,825Prepaid items & inventory - (increase)/decrease 153,928 - - 153,928Other Assets - (increase)/decrease 73,798Accounts payable and other accrued expenses 345,492 (488,096) (16,277) (158,881) 112,975Deposits payable - increase/(decrease) 33,125 74,210 1,238 108,573Claims payable - increase/(decrease) 303,100Vacation and sick leave payable - increase/(decrease) 19,238 (253) 1,041 20,026 11,259

Cash Flows from Operating Activities 7,319,226$ 4,245,990$ (11,125,254)$ 439,962$ 4,360,137$


Net cash provided (used) by Noncapital Financing Activities

37

FIDUCIARY FUNDS FINANCIAL STATEMENTS

38

�� !��"�� #��$�� %��#�� #��&'��#�� !��!��(��(��#��$�� #��)��#�� (��(��!��**+$��,-��./01233�456�� !��#��!��#��#�� #!��#��#��#�� !��#��#�$��.��7�8-.��.9�-8��8��4::;<<21�=;5:0>2>?;/@/�2AA45B>0�;6;C;32@A;5>�=;5:0�� )��D�� E�!��##��F��!#��D�� F��!#��D��(��* �GH*G$��39

CITY OF NAPAFIDUCIARY FUNDS

STATEMENT OF FIDUCIARY NET POSITIONJUNE 30, 2016

Successor Agency Agency

Trust Funds Funds

ASSETS

Cash and investments (Note 3) (11,554)$ Restricted cash and investments (Note 3) 4,071,014$ Accounts receivable 11,554Interest receivable 480Capital Assets (Note 15)

Land 35,480Depreciable 82,638Less: Accumulated depreciation (79,448)

Total Assets 4,110,164 -$


Deferred Outflow - Loss on Refunding 150,252

Total Deferred Outflows of Resources 150,252

LIABILITIES

Accounts payable 8,789 -$ Accrued interest payable 123,280 Unearned revenue 44,311 Long-term debt (Note 15)

Due within one year 2,470,625 Due in more than one year 7,640,481

Total Liabilities 10,287,486 -$

NET POSITION (DEFICIT)Held in Trust (6,027,070)$


40

Successor Agency

Trust Funds

ADDITIONS:Intergovernmental revenue 2,285,024$ Investment income 116,602 Sale of Cap Asset 146,100

Total Additions 2,401,626

DEDUCTIONS:Community development 187,897 Depreciation 603 Debt service:

Interest and fiscal charges 264,407

Total Deductions 452,907

EXCESS (DEFICIENCY) OF ADDITIONSOVER DEDUCTIONS 1,948,719

CHANGE IN NET POSITION 2,094,819

BEGINNING NET POSITION (DEFICIT) (8,121,889)

ENDING NET POSITION (DEFICIT) (6,027,070)$


CITY OF NAPASTATEMENT OF CHANGES IN FIDUCIARY FUNDS NET POSITION


41

NOTES TO THE BASIC FINANCIAL STATEMENTS

42

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CITY OF NAPA NOTES TO BASIC FINANCIAL STATEMENTS

For the Fiscal Year Ended June 30, 2016

NOTE 6 – CAPITAL ASSETS

A. Additions and Retirements

Governmental activities capital assets activity for the year ended June 30, 2016, was as follows:

Balance atJune 30,2015 Additions Retirements Transfers

Balance atJune 30,2016

Governmental Activities

Capital assets not being depreciated:

Land 25,121,713$ 1,286,959$ (15,500)$ - 26,393,172$ Construction in progress 97,976,877 3,460,479 (2,327,315) (85,687,591)$ 13,422,450

Total capital assets not being depreciated 123,098,590 4,747,438 (2,342,815) (85,687,591) 39,815,622

Capital assets being depreciated: Building and improvements 35,606,704 254,523 (1,462,381) 2,977,177 37,376,023 Equipment 11,365,143 35,772 (29,335) 800,300 12,171,880 Vehicles and rentals 16,157,021 1,740,339 (1,293,632) 16,603,728 Bridges 28,066,680 544,094 - 49,515,162 78,125,936 Roads 416,702,896 3,071,206 (1,039,812) 16,983,210 435,717,500 Curb/gutter/sidewalks 10,427,456 1,646,634 - 1,796,225 13,870,314 Traffic Signals 5,351,351 96,438 - 330,424 5,778,213 Stormwater 4,619,467 - - 1,652,191 6,271,658 Park Improvements 7,324,342 431,013 - 8,966,971 16,722,326 Underground Utilities 64,761 93,609 - 1,223,163 1,381,533 Street Lights 1,407,671 - - 1,442,767 2,850,438 Water Rights 306,000 - - - 306,000

Total capital assets being depreciated 537,399,492 7,913,626 (3,825,160) 85,687,591 627,175,549

Less accumulated depreciation for:Building and improvements (21,206,310) (866,608) 114,790 - (21,958,128) Equipment (6,541,644) (637,470) 29,335 - (7,149,779) Vehicles and rentals (9,615,790) (1,039,229) 1,164,060 - (9,490,959) Bridges (10,504,549) (374,222) - - (10,878,771) Roads (247,385,128) (10,695,154) 197,577 - (257,882,705) Curb/gutter/sidewalks (1,333,690) (268,627) - - (1,602,317) Traffic Signals (1,077,265) (136,475) - - (1,213,740) Stormwater (854,222) (116,505) - - (970,727) Park Improvements (2,442,288) (297,603) - - (2,739,891) Underground Utilities (12,708) (1,619) - - (14,327) Street Lights (277,672) (72,186) - - (349,858) Water Rights (244,800) (30,600) - - (275,400)

Total accumulated depreciation (301,496,066) (14,536,298) 1,505,762 - (314,526,601)

Net capital assets being depreciated 235,903,427 (6,622,671) (2,319,398) 85,687,591 312,648,948

Governmental activities capital assets, net 359,002,016$ (1,875,234)$ (4,662,213)$ -$ 352,464,570$

60

CITY OF NAPA NOTES TO BASIC FINANCIAL STATEMENTS

For the Fiscal Year Ended June 30, 2016

NOTE 6 – CAPITAL ASSETS (Continued) Business-type activities capital assets activity for the year ended June 30, 2016, was as follows:

B. Depreciation Allocation Depreciation expense is charged to functions and programs on the government-wide Statement of Activities based on their usage of the related assets. The amounts allocated to each function or program is as follows:

Balance atJune 30, 2015 Additions Retirements Transfers

Balance atJune 30, 2016

Business-type Activities

Capital assets not being depreciated:

Land and improvements 5,283,681$ - - - 5,283,681$

Construction in progress 8,534,192 4,472,763$ (280,284)$ (3,100,382)$ 9,626,289

Total capital assets not being depreciated 13,817,873 4,472,763 (280,284) (3,100,382) 14,909,970

Capital assets being depreciated:

Building and improvements 84,491,267 435,712 (46,396) 2,853,143 87,733,726

Equipment 4,957,424 82,847 - 5,040,271

Transmission and distribution 96,876,636 255,656 247,239 97,379,531

Total capital assets being depreciated 186,325,327 774,215 (46,396) 3,100,382 190,153,528

Less accumulated depreciation for:

Building and improvements (26,227,194) (3,310,084) 46,396 - (29,490,882)

Equipment (2,803,424) (210,437) - (3,013,861)

Transmission and distribution (47,681,872) (1,805,302) (49,487,174)

Total accumulated depreciation (76,712,490) (5,325,823) 46,396 - (81,991,917)

Net capital assets being depreciated 109,612,838 (4,551,608) - 3,100,382 108,161,611

Business-type activities capital assets, net $123,430,711 (78,845)$ (280,284)$ -$ $123,071,581

Government activities Business-type activitiesGeneral government 13,483,140$ Water utility 4,519,381$ Internal service funds 1,053,172 Materials Diversion 493,938

Housing 124,546

Total 14,536,312$ 5,137,865$

61

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REQUIRED SUPPLEMENTARY INFORMATION

84

Miscellaneous and Safety Plans Agent Multiple-Employer Defined Benefit Pension Plan

Last 10 years* Schedule of Changes in the Net Pension Liability and Related Ratios

2016 2015 2016 2015

Miscellaneous Miscellaneous Safety Safety

Total Pension Liability

Service Cost 4,112,737$ 4,179,121$ 3,960,625$ 4,089,713$

Interest on total pension liability 15,200,893 14,604,950 14,805,107 14,300,336

Changes in assumptions (3,558,449) (3,500,073)

Difference between expected and actual experience (1,074,702) (1,927,286)

Benefit payments, including refunds of employee contributions (10,421,831) (9,870,003) (10,332,611) (9,744,388)

Net change in total pension liability 4,258,648 8,914,068 3,005,762 8,645,661

Total Pension Liability - beginning 206,492,180 197,578,112 202,144,151 193,498,490

Total Pension Liability - ending (a) 210,750,828$ 206,492,180$ 205,149,913$ 202,144,151$

Plan fiduciary net position

Contributions - employer 5,512,619$ 5,372,508$ 5,843,451$ 5,112,297$

Contributions - employee 1,795,051 1,730,126 1,676,253 1,753,345

Net investment income 3,179,657 21,295,817 3,233,619 21,739,681

Benefit payments (10,421,831) (9,870,003) (10,332,611) (9,744,388)

Administrative Expense (159,717) (163,038)

Net change in fiduciary net position - beginning (94,221) 18,528,448 257,674 18,860,935

Plan fiduciary net position - beginning 141,965,198 123,436,750 144,623,780 125,762,845

Plan fiduciary net position - ending (b) 141,870,977$ 141,965,198$ 144,881,454$ 144,623,780$

Net pension liability - ending (a) - (b) 68,879,851$ 64,526,982$ 60,268,459$ 57,520,371$

Plan fiduciary net position as a percentage of the total pension liability 67.32% 68.75% 70.62% 71.54%

Covered employee payroll 23,161,764$ 22,195,380$ 15,433,149$ 14,428,768$

Net pension liability as a percentage of covered employee payroll 297.39% 290.72% 390.51% 398.65%

* Fiscal year 2014/15 was the 1st year of implementation, therefore only two years are shown.

85

REQUIRED SUPPLEMENTARY INFORMATION (Continued)

Miscellaneous and Safety Plans

Schedule of Contributions Last 10 years*

Notes to Schedule

2016 2015 2016 2015

Miscellaneous Miscellaneous Safety Safety

Actuarially determined contributions 5,512,619$ 5,372,508$ 5,843,451$ 5,112,297$

Contributions in relation to the actuarially determined contribution (5,512,619) (5,372,508) (5,843,451) (5,112,297)

Contribution deficiency (excess) -$ -$ -$ -$

Covered employee payroll 23,513,799$ 22,669,463$ 16,407,077$ 15,757,671$

Contributions as a percentage of covered-employee payroll 23.44% 23.70% 35.62% 32.44%

* Fiscal year 2014/15 was the 1st year of implementation, therefore only two years are shown.

Miscellaneous Safety

Valuation Date June 30, 2014 June 30, 2014

Measurement Date June 30, 2015 June 30, 2015

Actuarial Cost Method

Actuarial Assumptions:

- Discount Rate 7.65% 7.65%

- Inflation 2.75% 2.75%

- Payroll Growth 3.00% 3.00%

- Projected Salary Increase (1) 3.2% - 12.2% 3.4% - 20.0%

- Investment Rate of Return (2) 7.65% 7.65%

- Mortality (3)

(1) Annual increases vary by category, entry age, and duration of service

(2) Net of pension plan investment and administrative expenses, includes inflation

Entry age Normal cost method

Derived using CalPERS Membership Data for all Funds

(3) The probabilities of mortality are based on the 2010 CalPERS Experience Study for

the period from 1997 to 2007. Pre-retirement and Post-retirement mortality rates include

5 years of projected mortality improvement using Scale AA published by the Society

of Actuaries. (www.calpers.ca.gov)

86

REQUIRED SUPPLEMENTARY INFORMATION (Continued)

Schedule of Funding Progress for Other Post Employment Benefits (OPEB)

Retiree Health Plan Schedule of Funding Progress

(Underfunded)

Entry Age (Underfunded) Actuarial Liability

Actuarial Actuarial Value Actuarial Accrued Actuarial Accrued as Percentage of

Valuation of Assets Liability Liability Funded Ratio Covered Payroll Covered Payroll

Date (A) (B) (A-B) (A/B) ( C) [(A-B)/C]

6/30/2011 2,231,000$ 12,917,000$ (10,686,000)$ 17.27% 32,613,000$ -32.77%

6/30/2013 2,918,000 12,861,000 (9,943,000) 22.69% 34,801,000 -28.57%

6/30/2015 4,240,000 12,829,000 (8,589,000) 33.05% 37,992,000 -22.61%

87

OTHERSUPPLEMENTARY INFORMATION

88

CITY OF NAPACAPITAL PROJECTS FUND

SCHEDULE OF REVENUES, EXPENDITURESAND CHANGES IN FUND BALANCES

BUDGET AND ACTUALFOR THE YEAR ENDED JUNE 30, 2016




Revenues:Intergovernmental 570,696$ 1,764,846$ 1,043,380 (721,466)$ Charges for services - 53,884 431 (53,453) Miscellaneous revenues 181,000 106,086 86 (106,000)

Total Revenues 751,696 1,924,816 1,043,897 (880,919)


Capital outlay 13,421,207 29,723,728 4,879,785 24,843,943


Other Financing Sources (Uses):Transfers in 3,392,912 18,956,862 11,797,126 (7,159,736)Transfers (out) (160,000) (182,700) (182,700) -

Total Other Financing Sources (Uses) 3,232,912 18,774,162 11,614,426 (7,159,736)

Net Change in Fund Balances (9,436,599)$ (9,024,750)$ 7,778,538 16,803,288$



Budgeted Amounts

89

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Tourism Community CALAssessment Improvement Development Home Public Safety

Districts District Block Grant Traffic Parking Grant Programs

Cash and investments 4,955,404$ 364,906$ 61,945$ 1,856,851$ 5,207,392$ 55,342$ 26,824$ Receivables:

Accounts receivable 19,575 68,275 800 27,815 19,061200,000 89,999 108,045

Interest receivable 814 58 17 285 819 9 4Loans receivable 1,974,350 1,362,557

Total Assets 5,175,793$ 433,239$ 2,127,111$ 1,884,951$ 5,227,272$ 1,525,953$ 26,828$

Accounts payable and 49,683$ 1,061$ 31,195$ 23,158$ 34,290$ 4,907$

Deposits payable 54,620Due to other funds Unearned RevenueAdvances from other funds

Total Liabilities 104,303 1,061 31,195 23,158 34,290 4,907

Unavailable revenue - Charges for services 125

1,974,399 1,362,556

Total Deferred Inflows 125 1,974,399 1,362,556

Fund balances (Deficit):Nonspendable Restricted 5,071,365 432,178 121,517 1,861,793 5,192,982 158,490 26,828$ Committed - Assigned - Unassigned

Total Fund Balances (Deficit) 5,071,365 432,178 121,517 1,861,793 5,192,982 158,490 26,828

5,175,793$ 433,239$ 2,127,111$ 1,884,951$ 5,227,272$ 1,525,953$ 26,828$

Total Liabilities and Deferred

Inflows of Resources and Fund

Balances

DEFERRED INFLOWS

OF RESOURCES

accrued liabilities

loans


LIABILITIES

Unavailable revenue - Housing

ASSETS

JUNE 30, 2016

COMBINING BALANCE SHEETS

NON-MAJOR GOVERNMENTAL FUNDS

CITY OF NAPA

SPECIAL REVENUE FUNDS

91

Total

Parks & Public Housing Nonmajor

Recreation Trust Infrastructure Inclusionary Golf Street Sidewalk Governmental

Programs Program Program Fund Resurfacing Program Funds

Cash and investments 22,732$ 13,215$ 3,810,490$ 1,119,105$ 886,969$ 18,381,175$ Receivables: -

Accounts receivable 6,643 69,518$ 211,687 398,044

Interest receivable 3 2 600 176 109 2,896 Loans receivable 2,584,677 5,921,584

Total Assets 22,735$ 13,217$ 6,402,410$ 69,518$ 1,119,281$ 887,078$ 24,915,386$

LIABILITIES

Accounts payable and 8,710$ 130$ 242,866$ 174,269$ 570,269$

Deposits payable 10,000 64,620 Due to other funds 335,870 335,870 Unearned Revenue 44,250 44,250 Advances from other funds 1,341,450 1,341,450

Total Liabilities 8,710 1,731,700 242,866 174,269 2,356,459

Unavailable revenue - Charges - for services 125

2,591,317 5,928,272

Total Deferred Inflows 2,591,317 5,928,397

Fund balances (Deficit):Nonspendable Restricted 22,735$ 13,217$ 3,802,383 16,703,488Committed Assigned 876,415 712,809 1,589,224Unassigned (1,662,182) (1,662,182)

Total Fund Balances (Deficit) 22,735 13,217 3,802,383 (1,662,182) 876,415 712,809 16,630,530

22,735$ 13,217$ 6,402,410$ 69,518$ 1,119,281$ 887,078$ 24,915,386$

Total Liabilities and Deferred

Inflows of Resources and Fund

Balances

DEFERRED INFLOWS

OF RESOURCES

accrued liabilities

loans


Unavailable revenue - Housing

ASSETS

CITY OF NAPA


COMBINING BALANCE SHEETS

JUNE 30, 2016

SPECIAL REVENUE FUNDS CAPITAL PROJECT FUNDS

92

Tourism Community CALAssessment Improvement Development Home Public Safety

Districts District Block Grant Traffic Parking Grant Programs

REVENUESTaxes 732,994$ Intergovernmental 200,000$ 558,884$ 1,630,740$ -$ 502,472$ -$ Charges for services 1,516,938 95,701 301,234 613,717$ 99,577 Investment income 89,372 6,158 30,713 87,439 3,063 446$ Miscellaneous revenues - -

Total Revenues 1,806,310 739,152 654,585 1,962,687 701,156 605,112 446


Public safetyPolice 363,444 289,715 13

Public works 75,975 1,002 Parks and recreation 142,941 189,264 Community Development 549,885 522,862 446,445 - 507,830

Capital outlayDebt service:

Principal repayment 50,000 Interest and fiscal charges 1,500

Total Expenditures 768,801 522,862 446,445 415,946 478,979 507,830 13

Excess (Deficiency) of Revenues over (under) Expenditures 1,037,509 216,290 208,140 1,546,741 222,177 97,282 433

OTHER FINANCING SOURCES (USES)Transfers in 19,360 1,100,000 276,906 Transfers (out) (592,086) (8,791) (199,786) (2,264,049) (132,963)

Total Other Financing Sources (Uses) (572,726) (8,791) (199,786) (1,164,049) 143,943 - -

Net Change in Fund Balances 464,783 207,499 8,354 382,692 366,120 97,282 433

Beginning Fund Balances (Deficit) 4,606,582 224,679 113,163 1,479,101 4,826,862 61,208 26,395

Ending Fund Balances (Deficit) 5,071,365$ 432,178$ 121,517$ 1,861,793$ 5,192,982$ 158,490$ 26,828$



CITY OF NAPA



COMBINING STATEMENTS OF REVENUES, EXPENDITURES

93

Parks & Public Housing TotalRecreation Trust Infrastructure Inclusionary Golf Street Sidewalk Nonmajor

Programs Program Program Fund Resurfacing Program Governmental Funds

REVENUESTaxes 732,994$ Intergovernmental -$ 2,892,096 Charges for services 4,000$ 790,639$ 3,421,806 Investment income 422$ 218 70,392 (12,270)$ 16,372$ 8,360$ 300,685 Miscellaneous revenues 19,880 - 72,860 92,740

Total Revenues 20,302 4,218 861,031 60,590 16,372 8,360 7,440,321


Public safetyPolice 653,172

Public works 6 76,983Parks and recreation 20,435 - 1,005 353,645Community Development 107,871 2,134,893

Capital outlay 1,286,959 3,053,562 1,622,129 5,962,650Debt service:

Principal repayment 50,000Interest and fiscal charges 1,500

Total Expenditures 20,435 6 1,394,830 1,005 3,053,562 1,622,129 9,232,843

Excess (Deficiency) of Revenues over (under) Expenditures (133) 4,212 (533,799) 59,585 (3,037,190) (1,613,769) (1,792,522)

OTHER FINANCING SOURCES (USES)Transfers in 3,112,130 1,954,156 6,462,552Transfers (out) (5,150) (1,100,000) (100,000) (4,402,825)

Total Other Financing Sources (Uses) - - (5,150) - 2,012,130 1,854,156 2,059,727

Net Change in Fund Balances (133) 4,212 (538,949) 59,585 (1,025,060) 240,387 267,205

Beginning Fund Balances (Deficit) 22,868 9,005 4,341,332 (1,721,767) 1,901,475 472,422 16,363,325

Ending Fund Balances (Deficit) 22,735$ 13,217$ 3,802,383$ (1,662,182)$ 876,415$ 712,809$ 16,630,530$

CAPITAL PROJECT FUNDS

CITY OF NAPA


COMBINING STATEMENTS OF REVENUES, EXPENDITURES




94

CITY OF NAPA

ASSESSMENT DISTRICTS

SCHEDULE OF REVENUES, EXPENDITURES


BUDGET AND ACTUAL





Revenues:Intergovernmental 200,000 200,000$ Charges for services 1,217,309$ 1,635,109$ 1,516,938 (118,171) Investment income 32,565 32,565 89,372 56,807

Total Revenues 1,249,874 1,667,674 1,806,310 138,636


Public works 81,975 81,975 75,975 6,000Parks and recreation 157,158 157,158 142,941 14,217Community Development 137,565 437,565 549,885 (112,320)

Capital outlay 51,000 51,000 - 51,000

Total Expenditures 427,698 727,698 768,801 (41,103)

Other Financing Sources (Uses):Transfers in - 19,360 19,360 Transfers (out) (853,562) (2,222,014) (592,086) 1,629,928

Total Other Financing Sources (Uses) (853,562) (2,202,654) (572,726) 1,629,928

Net Change in Fund Balances (31,386)$ (1,262,678)$ 464,783 1,727,461$


Budgeted Amounts

95

CITY OF NAPA

TOURISM IMPROVEMENT DISTRICT



BUDGET AND ACTUAL





Revenues:Taxes 664,886$ 719,750$ 732,994 13,244$ Investment income 1,000 1,000 6,158 5,158

Total Revenues 665,886 720,750 739,152 18,402


Community Development 849,619 804,750 522,862 281,888


Other Financing Sources (Uses):Transfers (out) (8,791) (8,791) (8,791) -

Total Other Financing Sources (Uses) (8,791) (8,791) (8,791) -

Net Change in Fund Balances (192,524)$ (92,791)$ 207,499 300,290$


Budgeted Amounts

96

CITY OF NAPA



BUDGET AND ACTUAL





Revenues:Intergovernmental 645,477$ 945,840$ 558,884 (386,956)$ Charges for services 63,316 63,316 95,701 32,385Miscellaneous revenues 0 0 299,531 299,531

Total Revenues 708,793 1,009,156 654,585 (354,571)




Other Financing Sources (Uses):Transfers (out) (106,413) (236,153) (199,786) 36,367

Total Other Financing Sources (Uses) (106,413) (236,153) (199,786) 36,367

Net Change in Fund Balances 6,173$ 176,796$ 8,354 (168,442)$


COMMUNITY DEVELOPMENT BLOCK GRANT

Budgeted Amounts

97

CITY OF NAPA

TRAFFIC FUND



BUDGET AND ACTUAL





Revenues:Intergovernmental 1,666,861$ 1,755,805$ 1,630,740 (125,065)$ Charges for services 412,378 412,378 301,234 (111,144)Investment income 12,500 12,500 30,713 18,213

Total Revenues 2,091,739 2,180,683 1,962,687 (217,996)


Public safetyPolice 381,835 381,835 363,444 18,391

Public works 1,002 (1,002)Capital Outlay 36,255 36,255 0 36,255Debt Service

Principal repayment 50,000 50,000 50,000 - Interest and fiscal charges 2,000 2,000 1,500 500


Other Financing Sources (Uses):Transfers in 1,100,000 1,100,000 1,100,000 - Transfers (out) (2,493,076) (2,758,492) (2,264,049) 494,443

Total Other Financing Sources (Uses) (1,393,076) (1,658,492) (1,164,049) 494,443

Net Change in Fund Balances 228,573$ 52,101$ 382,692 330,591$


Budgeted Amounts

98

CITY OF NAPA

PARKING FUND



BUDGET AND ACTUAL





Revenues:Charges for services 538,000$ 590,500$ 613,717 23,217$ Investment income 38,000 38,000 87,439 49,439

Total Revenues 576,000 628,500 701,156 72,656


Police 332,773 336,177 289,715 46,462Parks and recreation 198,619 198,619 189,264 9,355


Other Financing Sources (Uses):Transfers in 70,000 276,906 276,906 - Transfers (out) (218,041) (218,041) (132,963) 85,078

Total Other Financing Sources (Uses) (148,041) 58,865 143,943 85,078

Net Change in Fund Balances (103,433)$ 152,569$ 366,120 213,551$


Budgeted Amounts

99

CITY OF NAPA

CAL HOME GRANT



BUDGET AND ACTUAL





Revenues:Intergovernmental 480,895$ 900,895$ 502,472 (398,423)$ Charges for services - 99,554 99,577 23Investment income 1,400 1,400 3,063 1,663

Total Revenues 482,295 1,001,849 605,112 (396,737)




Net Change in Fund Balances (2,352)$ 5,643$ 97,282 91,639$


Budgeted Amounts

100

CITY OF NAPA

PUBLIC SAFETY PROGRAMS



BUDGET AND ACTUAL





Revenues:Investment income 160$ 160$ 446 286$ Miscellaneous revenues 1,000 1,000 0 (1,000)

Total Revenues 1,160 1,160 446 (714)


Police 5,000 5,000 13 4,987

Total Expenditures 5,000 5,000 13 4,987

Net Change in Fund Balances (3,840)$ (3,840)$ 433 4,273$


Budgeted Amounts

101

CITY OF NAPA

PARKS & RECREATION TRUST PROGRAMS



BUDGET AND ACTUAL





Revenues:Investment income 100$ 100$ 422 322$ Miscellaneous revenues - 19,880 19,880 -

Total Revenues 100 19,980 20,302 322


Parks and recreation - 19,880 20,435 (555)

Total Expenditures - 19,880 20,435 (555)

Net Change in Fund Balances 100$ 100$ (133) (233)$


Budgeted Amounts

102

CITY OF NAPA

PUBLIC INFRASTRUCTURE PROGRAM



BUDGET AND ACTUAL





Revenues:Charges for services -$ 4,000$ 4,000 -$ Investment income 218 218$

Total Revenues 4,000 4,218 218


Public Works - - 6 (6)

Total Expenditures - - 6 (6)

Net Change in Fund Balances $ 4,000$ 4,212 212$


Budgeted Amounts

103

CITY OF NAPA



BUDGET AND ACTUAL





Revenues:Charges for services 237,339$ 750,339$ 790,639 40,300$ Investment income 33,000 33,000 70,392 37,392

Total Revenues 270,339 783,339 861,031 77,692


Community Development 2,207,810 4,355,808 107,871 4,247,937

Capital Outlay - 1,286,959 1,286,959 -


Other Financing Sources (Uses):Transfers in 0Transfers (out) (5,150) (5,150) (5,150) (0) Proceeds from the sale of capital assets - 77,407 - (77,407)

Total Other Financing Sources (Uses) (5,150) 72,257 (5,150) (77,407)

Net Change in Fund Balances (1,942,621)$ (4,787,171)$ (538,949) 4,248,222$


Budgeted Amounts

HOUSING INCLUSIONARY PROGRAM

104

CITY OF NAPA

GOLF FUND



BUDGET AND ACTUAL




Beginning Fund Balance (Deficit) (1,721,767)$

Revenues:Charges for servicesInvestment income (12,270) (12,270)$ Miscellaneous revenues 13,667$ 13,667$ 72,860 59,193

Total Revenues 13,667 13,667 60,590 46,923

Expenditures:Property taxes 30 30 30Capital outlay 25,000 25,000 1,005 23,995Debt Service

Principal repayment 2,000 2,000 2,000


Net Change in Fund Balances (13,363)$ (13,363)$ 59,585 72,948$

Ending Fund Balance (Deficit) (1,662,182)$

Budgeted Amounts

105

CITY OF NAPA

STREET RESURFACING PROGRAM



BUDGET AND ACTUAL





Revenues:Investment Income -$ 16,372 16,372$

Total Revenues 16,372 16,372

Expenditures:Capital outlay 3,112,131$ 3,884,761$ 3,053,562 (831,199)

Total Expenditures 3,112,131 3,884,761 3,053,562 (831,199)

Other Financing Sources (Uses):Transfers in 3,112,130 3,112,130 3,112,130 - Transfers (out) (1,100,000) (1,100,000) (1,100,000) -

Total Other Financing Sources (Uses) 2,012,130 2,012,130 2,012,130 -

Net Change in Fund Balances (1,100,001)$ (1,872,631)$ (1,025,060) (814,827)$


Budgeted Amounts

106

CITY OF NAPA

SIDEWALK REPLACEMENT PROGRAM



BUDGET AND ACTUAL





Revenues:Investment Income -$ -$ 8,360 8,360$

Total Revenues 8,360 8,360


Capital outlay 1,860,783$ 2,462,944$ 1,622,129 840,815

Total Expenditures 1,860,783 2,462,944 1,622,129 840,815

Other Financing Sources (Uses):Transfers in 1,860,783 1,990,523 1,954,156 (36,367) Transfers (out) - (100,000) (100,000)

Total Other Financing Sources (Uses) 1,860,783 1,890,523 1,854,156 (36,367)

Net Change in Fund Balances (0)$ (572,421)$ 240,387 812,808$


Budgeted Amounts

107

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CITY OF NAPAINTERNAL SERVICE FUNDS

COMBINING STATEMENT OF NET POSITIONJUNE 30, 2016

Information PostRisk Central Technology Employment Equipment

Management Stores Fleet Replacement Benefit Replacement Total

Current Assets:Cash and investments 10,615,720$ -$ 3,768,388$ 67,792$ 1,252,745$ 101,073$ 15,805,718$ Accounts receivable 2,858 47,740 767,890 - 818,488 Federal, state and other governments - 4,402 - - 4,402 Interest receivable 1,677 - 573 10 126 16 2,402 Prepaid items 100,000 - 100,000 Inventory 305,187$ 305,187

Total Current Assets 10,720,255 305,187 3,821,103 67,802 2,020,761 101,089 17,036,197

Capital Assets: Nondepreciable 112,694 112,694

Depreciable, net 33,667 7,198,971 7,232,638

Total Assets 10,720,255 338,854 11,132,768 67,802 2,020,761 101,089 24,381,529

Deferred outflows related to pension 30,272 18,092 139,573 187,937

Current Liabilities:Accounts payable and accrued liabilities 64,001 6,547 330,296 207 42,961 - 444,012 Compensated absences 7,179 7,036 15,344 29,559 Claims payable 2,392,320 2,392,320 Due to other funds 383,773 83,834 467,607

Total Current Liabilities 2,463,500 397,356 345,640 207 126,795 - 3,333,498

Long-Term Obligations:Net OPEB Obligation 933,774 933,774 Net Pension liability 327,163 206,651 1,576,124 2,109,938 Compensated absences - 25,812 25,812 Claims payable 3,972,780 3,972,780

Total Long-Term Obligations 4,299,943 206,651 1,601,936 - 933,774 - 7,042,304

Total Liabilities 6,763,443 604,007 1,947,576 207 1,060,569 - 10,375,802

DEFERRED INFLOWS OF RESOURCES - Deferred Inflow related to Pensions 20,660 13,077 99,695 133,432

NET POSITION

Net investment in capital assets 33,667 7,311,665 7,345,332 Unrestricted 3,966,424 (293,805) 1,913,405 67,595 960,192 101,089 6,714,900

Total Net Position (Deficit) 3,966,424$ (260,138)$ 9,225,070$ 67,595$ 960,192$ 101,089$ 14,060,232$

ASSETS

LIABILITIES


110

CITY OF NAPA

INTERNAL SERVICE FUNDS

COMBINING STATEMENTS OF REVENUES, EXPENSES AND

CHANGES IN FUND NET POSITION


Information PostRisk Central Technology Employment Equipment

Management Stores Fleet Replacement Benefit Replacement Total

OPERATING REVENUESIntergovernmental Revenue 6,194$ 6,194$ Charges for services 4,577,947$ 792,235$ 4,454,416 172,000$ 1,451,839$ -$ 11,448,437

Total Operating Revenues 4,577,947 792,235 4,460,610 172,000 1,451,839 - 11,454,631

OPERATING EXPENSESCost of goods sold 486,226 486,226 Employee services and benefits 216,818 110,431 839,078 1,166,327 Materials and services 479,261 32,126 2,992,075 113,688 - 26$ 3,617,176 Insurance premiums and claims 2,278,695 938,648 3,217,343 Depreciation 4,487 1,178,257 1,182,744

Total Operating Expenses 2,974,774 633,270 5,009,410 113,688 938,648 26 9,669,816

Operating Income (Loss) 1,603,173 158,965 (548,800) 58,312 513,191 (26) 1,784,815

NONOPERATING REVENUES (EXPENSES)Investment income 169,121 (6,227) 57,825 1,051 (6,855) 1,115 216,030 Gain on sale of Capital Assets 145,170 145,170

Total Nonoperating Revenues (Expenses) 169,121 (6,227) 202,995 1,051 (6,855) 1,115 361,200

Income (loss) before transfers 1,772,294 152,738 (345,805) 59,363 506,336 1,089 2,146,015

TRANSFERSTransfers in 628,888 - 100,000 728,888 Transfers (out) (489,300) (174,000) (172,402) (835,702)

Change in Net Position 1,282,994 (21,262) 110,681 59,363 506,336 101,089 2,039,201

2,683,430 (238,876) 9,114,389 8,232 453,856 - 12,021,031

Ending Net Position (Deficits) 3,966,424$ (260,138)$ 9,225,070$ 67,595$ 960,192$ 101,089$ 14,060,232$

Beginning Net Position (Deficits)

111

CITY OF NAPAINTERNAL SERVICE FUNDS

COMBINING STATEMENTS OF CASH FLOWSFOR THE YEAR ENDED JUNE 30, 2016

InformationRisk Central Technology Equipment

Management Stores Fleet Replacement OPEB Replacement Total

CASH FLOWS FROM OPERATING ACTIVITIESReceipts from customers 5,764,464$ 792,235$ 4,436,666$ 172,000$ 1,419,107$ (16)$ 12,584,456$ Payments to suppliers (110,821) (557,208) (2,893,729) (113,497) 61,752 (26) (3,613,529) Payments to / or on behalf of employees (2,504,253) (114,984) (865,355) - (1,126,198) - (4,610,790)

Net cash provided (used) by Operating Activities 3,149,390 120,043 677,582 58,503 354,661 (42) 4,360,137

CASH FLOWS FROM NONCAPITALFINANCING ACTIVITIES

Transfers in 628,888 - 100,000 728,888 Transfers out (489,300) (174,000) (172,402) (835,702) Interfund receipts (payments) 60,184 83,834 144,018

Net cash provided (used) by Noncapital Financing Activities (489,300) (113,816) 456,486 83,834 100,000 37,204

CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES

Sale of capital assets 145,170 145,170 Principal payments on capital debt - Acquisition of capital assets - (1,749,109) (1,749,109)

Net cash provided (used) by Capital and RelatedFinancing Activities - (1,603,939) (1,603,939)

CASH FLOWS FROM INVESTING ACTIVITIES Interest 168,059 (6,227) 57,582 1,041 (6,916) 1,115 214,654

Net cash provided (used) by Investing Activities 168,059 (6,227) 57,582 1,041 (6,916) 1,115 214,654

Net Cash Increase (Decrease) in cash and cash equivalents 2,828,149 (412,289) 59,544 431,579 101,073 3,008,056

Cash and cash equivalents at beginning of period 7,787,571 4,180,677 8,248 821,166 - 12,797,662

Cash and cash equivalents at end of period 10,615,720$ -$ 3,768,388$ 67,792$ 1,252,745$ 101,073$ 15,805,718$

Reconciliation of operating income (loss) to net cash flowsfrom operating activities:

Operating income (loss) 1,603,173$ 158,965$ (548,800)$ 58,312$ 513,191$ (26)$ 1,784,815$ Adjustments to reconcile operating income to net cash flows

from operating activities:Depreciation - 4,487 1,178,257 1,182,744 Pension Expense (8,187) (4,893) (37,749) (187,550) (238,379)

Change in assets and liabilities:Receivables, net (increase)/decrease 1,186,517 (23,944) (32,732) (16) 1,129,825 Other assets (Increase)/decrease 68,692 (40,935) 46,041 73,798 Accounts payable and other accrued expenses increase/(decrease) (3,352) 2,079 52,305 191 61,752 - 112,975 Claims payable incraese/(decrease) 303,100 303,100 Vacation and sick leave payable increase/(decrease) (553) 340 11,472 11,259

Net cash provided (used) by Operating Activities 3,149,390$ 120,043$ 677,582$ 58,503$ 354,661$ (42)$ 4,360,137$

112

AGENCY FUNDS

These funds are used to account for assets held by the city as an agent for individuals, private organizations, and other governments. The financial activities of these funds are excluded from the City-wide financial statements, but are presented in separate Fiduciary Fund financial statements. Agency Funds Payroll Fund To account for the collection and payment of all payroll deductions made from the City employees and for monies collected from retirees to reimburse the City for their share of their health insurance premiums.

113

CITY OF NAPAAGENCY FUNDS

COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIESFOR THE YEAR ENDED JUNE 30, 2016

Balance BalanceJuly 1, 2015 Additions Deductions June 30, 2016

PAYROLL

AssetsCash and investments 33,895$ 36,391,176$ (36,436,625)$ (11,554)$ Accounts receivable 6,483 7,639 (2,568) 11,554Loan receivable 461 (461)

Total Assets 40,378$ 36,399,276$ (36,439,654)$ -$

LiabilitiesAccounts payable 40,378$ 77,032,494$ (77,072,872)$ -$

TOTAL AGENCY FUNDS

AssetsCash and investments 33,895$ 36,391,176$ (36,436,625)$ (11,554)$ Accounts receivable 6,483 7,639 (2,568) 11,554 Loan receivable - 461 (461) -

Total Assets 40,378$ 36,399,276$ (36,439,654)$ -$

LiabilitiesAccounts payable 40,378 77,032,494 (77,072,872)

Total Liabilities 40,378$ 77,032,494$ (77,072,872)$ -$

114

STATISTICAL SECTION

115

STATISTICAL SECTION

This part of the City’s Comprehensive Annual Financial Report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the City’s overall financial health. Contents: Financial Trends Information

These schedules contain trend information to help the reader understand how the City’s financial performance and well-being have changed over time.

Revenue Capacity Information

These schedules contain trend information to help the reader understand the City’s most significant local revenue source, property taxes.

Debt Capacity Information

These schedules present information to help the reader assess the affordability of the City’s current level of outstanding debt and the City’s ability to issue additional debt in the future.

Demographic and Economic Information

These schedules offer demographic and economic indicators to help the reader understand the environment within which the City’s financial activities take place.

Operating Information

These schedules contain service and infrastructure data to help the reader understand how the information in the City’s financial report relates to the services the City provides and the activities it performs.

116

City of Napa - Financial Trends InformationNet Position by ComponentLast Ten Fiscal Years(Accrual basis accounting, in thousands)

2007 2008 2009 2010 2011Governmental Activities

Net investment in capital assets 334,182$ 337,798$ 348,410$ 332,285$ 338,198$ Restricted 50,670 52,663 39,645 38,113 33,576Unrestricted 2,715 37,658 49,287

Total governmental activities net position 387,568$ 390,461$ 388,055$ 408,056$ 421,061$

Business-type ActivitiesNet investment in capital assets 57,118$ 61,909$ 67,094$ 70,797$ 60,887$ Restricted 9,523 1,187Unrestricted 24,915 39,155 26,294 29,400 46,648

Total business-type activities net position 82,033$ 101,064$ 102,910$ 101,384$ 107,535$

Primary GovernmentNet investment in capital assets 391,300$ 399,707$ 415,504$ 403,082$ 399,085$ Restricted 50,670 52,663 49,168 39,299 33,576Unrestricted 27,630 39,155 26,294 67,059 95,935

Total primary government activities net position 469,601$ 491,525$ 490,965$ 509,440$ 528,596$

Source: City of Napa - Audited Financials

117

City of Napa - Financial Trends InformationNet Position by ComponentLast Ten Fiscal Years(Accrual basis accounting, in thousands)

Governmental ActivitiesNet investment in capital assetsRestrictedUnrestricted

Total governmental activities net position

Business-type ActivitiesNet investment in capital assetsRestrictedUnrestricted

Total business-type activities net position

Primary GovernmentNet investment in capital assetsRestrictedUnrestricted

Total primary government activities net position

Source: City of Napa - Audited Financials

2012 2013 2014 2015 2016

356,311$ 356,406$ 365,826$ 357,559$ 351,129$ 34,398 38,205 37,699 37,848 41,72247,907 40,475 49,510 (55,768) (41,524)

438,616$ 435,086$ 453,035$ 339,639$ 351,327$

62,435$ 63,898$ 72,262$ 75,160$ 75,328$ 1,077 799 534 169 724

42,933 45,474 47,189 31,439 37,519106,445$ 110,172$ 119,986$ 106,768$ 113,571$

418,746$ 420,304$ 438,088$ 432,720$ 426,457$ 35,475 39,004 38,234 38,017 42,44690,840 85,948 96,699 (24,329) (4,005)

545,061$ 545,257$ 573,020$ 446,407$ 464,898$

118

City of Napa - Financial Trends InformationChanges in Net PositionLast Ten Fiscal Years(Accrual basis accounting, in thousands)

2007 2008 2009 2010 2011 2012

ExpensesGovernmental activities

General Government 15,527$ 18,376$ 22,803$ 20,261$ 16,605$ 19,664$ Public Safety 32,219 27,477 34,179 34,152 29,081 32,266 Public Works 4,597 18,605 16,496 20,185 20,431 18,201 Parks & Recreation 6,185 5,197 4,903 8,569 7,241 6,734 Community Development 238 1,119 492 Redevelopment 13,207 1,841 1,171 1,418 1,363 580 Interest on long term debt 1,123 1,124 1,056 1,058 986 937

Total Governmental activities expenses 72,857$ 72,621$ 80,607$ 85,880$ 76,826$ 78,874$

Business-type activitiesWater 15,722$ 18,563$ 19,976$ 21,423$ 19,494$ 21,627$ Materials Diversion 16,701 18,173 18,851 19,776 19,747 20,505 Golf 1,656 1,760 1,746 1,768 1,778 1,783 Housing 411 11,230 10,602 11,187 11,368 13,626

Total business-type activities expenses 34,490 49,725 51,175 54,154 52,387 57,542 Total Primary government expenses 107,346$ 122,346$ 131,782$ 140,034$ 129,213$ 136,416$

Source: City of Napa Audited Financial Statements

119


2007 2008 2009 2010 2011 2012

Program RevenuesGovernmental activities

Charges for ServicesGeneral Government 5,246$ 4,700$ 4,658$ 2,106$ 2,975$ 1,876$ Public Safety 2,815 2,561 2,919 3,784 4,076 2,953 Public Works 3,052 3,027 410 2,503 1,953 418 Parks & Recreation 2,803 1,917 1,216 1,481 1,470 1,257 Community DevelopmentRedevelopment 179 20 1

Operating grants and contributions 14,465 5,931 5,246 4,827 4,776 5,152 Capital grants and contributions 7,249 17,857 9,535 13,006 9,322 5,785

Total governmental activities program revenues 35,629$ 35,992$ 23,985$ 27,885$ 24,593$ 17,444$

Business type activitiesCharges for Services

Water 19,659$ 21,111$ 19,721$ 19,386$ 19,422$ 22,166$ Materials Diversion 18,971 21,290 20,848 21,726 23,285 24,609 Golf 1,755 1,757 1,673 1,495 1,394 1,580 Housing 156 520 540 1,322 5,167 1,163

Operating grants and contributions 491 10,644 10,086 10,376 11,611 10,221 Capital grants and contributions 1,018 1,015 71 334 322 352

Total business-type activities program revenues 42,050 56,337 52,939 54,639 61,201 60,092 Total Primary government revenues 77,680$ 92,329$ 76,923$ 82,524$ 85,794$ 77,536$

Net (expense)/revenueGovernmental activities (37,227)$ (36,629)$ (56,623)$ (57,995)$ (52,233)$ (61,430)$ Business-type activities 7,560 6,612 1,764 485 8,814 2,551 Total Primary government net expense (29,667)$ (30,017)$ (54,859)$ (57,510)$ (43,419)$ (58,880)$

Source: City of Napa-Audited Financial Statements

120


2007 2008 2009 2010 2011 2012

General Revenues and other changes in net positionGovernmental activities

TaxesProperty taxes 15,852$ 23,317$ 23,059$ 23,326$ 27,452$ 25,399$ Property tax increment 3,487 4,538 4,975 6,278 6,235 3,057 Franchise taxes 1,377 1,423 1,561 1,610 1,685 1,748 Sales taxes 12,914 9,648 8,637 11,559 12,192 13,019 Transient Occupancy 7,779 8,725 8,175 8,256 9,872 11,817

Motor vehicle license fees 5,936 3,406 3,533 221 358 39 Business license 3,038 3,145 2,938 2,508 2,572 2,661 Investment earnings 3,266 4,436 3,030 1,369 1,368 849 Miscellaneous 918 2,590 2,331 Sale of Capital AssetsTransfers 2,443 1,353 2,694 2,729 3,504 4,178

Total governmental activities 57,010$ 62,581$ 60,933$ 57,857$ 65,238$ 62,767$

Business -type activitiesInvestment earnings 1,666 4,136 2,777 717 841 537 Sale of Capital AssetsMiscellaneousTransfers (2,443) (1,353) (2,694) (2,729) (3,504) (4,178)

Total business-type activities (777) 2,782 83 (2,012) (2,663) (3,641) Total primary government 91,862$ 101,356$ 85,000$ 83,731$ 62,575$ 59,126$

Special Items (Transfer to Successor Agency Trust) 16,327$ Extraordinary Items - Governmental activitiesExtraordinary Items - Business-type activities

Change in Net PositionGovernmental activities 19,783$ 25,952$ 4,310$ (138)$ 13,005$ 17,664$ Business-type activities 6,783 9,394 1,847 (1,527) 6,152 (1,090) Total primary government 26,566$ 35,347$ 6,156$ (1,664)$ 19,157$ 16,574$

Source: City of Napa-Audited Financial Statements** In fiscal 2014 and 2015 Business License and Motor Vehicles Fees are included in General Government Charges for Services

121


ExpensesGovernmental activities

General GovernmentPublic SafetyPublic WorksParks & RecreationCommunity DevelopmentRedevelopmentInterest on long term debt

Total Governmental activities expenses

Business-type activitiesWaterMaterials DiversionGolfHousing

Total business-type activities expensesTotal Primary government expenses

Source: City of Napa Audited Financial Statements

2013 2014 2015 2016

19,452$ 10,614$ 21,312$ 15,519$ 34,946 36,764 38,299 39,402 22,914 27,223 17,370 19,689 6,765 7,269 7,598 8,874 3,418 6,246 7,970 8,538

- - - - - - - -

87,494$ 88,117$ 92,549$ 92,022$

21,173$ 23,801$ 25,699$ 25,133$ 21,277 21,078 22,563 21,425 1,459 - -

13,291 12,169 12,571 12,623 57,200 57,047 60,832 59,181

144,695$ 145,164$ 153,382$ 151,203$

122


Program RevenuesGovernmental activities

Charges for ServicesGeneral GovernmentPublic SafetyPublic WorksParks & RecreationCommunity DevelopmentRedevelopment

Operating grants and contributionsCapital grants and contributions

Total governmental activities program revenues

Business type activitiesCharges for Services

WaterMaterials DiversionGolfHousing

Operating grants and contributionsCapital grants and contributions

Total business-type activities program revenuesTotal Primary government revenues

Net (expense)/revenueGovernmental activitiesBusiness-type activitiesTotal Primary government net expense

Source: City of Napa-Audited Financial Statements

2013 2014 2015 2016

3,230$ 10,156$ 6,300$ 7,129$ 4,722 4,487 5,155 7,617 2,352 4,558 5,042 1,378 1,966 1,659 2,670 1,323 2,579 2,930 5,175 5,959

- - - 2,448 2,329 1,948 4,652 2,116 12,765 2,293 5,359

19,413$ 38,885$ 28,583$ 33,416$

25,454$ 28,510$ 24,946$ 26,980$ 24,461 24,117 24,249 26,487 1,260 - - 1,160 1,116 1,415 1,236

11,501 10,543 11,539 11,860 462 729 2,450 3,195

64,298 65,015 64,599 69,758 83,711$ 103,900$ 93,182$ 103,175$

(68,081)$ (49,232)$ (63,966)$ (58,606)$ 7,097 7,967 3,767 10,577

(60,984)$ (41,264)$ (60,200)$ (48,029)$

123


General Revenues and other changes in net positionGovernmental activities

TaxesProperty taxesProperty tax incrementFranchise taxesSales taxesTransient Occupancy

Motor vehicle license feesBusiness licenseInvestment earningsMiscellaneousSale of Capital AssetsTransfers

Total governmental activities

Business -type activitiesInvestment earningsSale of Capital AssetsMiscellaneousTransfers

Total business-type activitiesTotal primary government

Special Items (Transfer to Successor Agency Trust)Extraordinary Items - Governmental activitiesExtraordinary Items - Business-type activities

Change in Net PositionGovernmental activitiesBusiness-type activitiesTotal primary government

Source: City of Napa-Audited Financial Statements** In fiscal 2014 and 2015 Business License and Motor Vehicles Fees are included in General Government Charges for Services

2013 2014 2015 2016

25,419$ 26,785$ 27,915$ 28,431$ - - - -

1,818 1,871 1,981 2,014 14,267 15,150 16,184 15,947 14,032 15,803 15,869 18,233

40 ** ** **2,766 ** ** **

93 531 686 574 - - -

743 4,128 4,299 4,304 4,334

62,562$ 64,439$ 66,938$ 70,276$

11 364 172 544 16

(4,128) (4,299) (4,304) (4,334) (4,117) (3,935) (4,131) (3,774) 58,445$ 60,504$ 62,806$ 66,502$

19$ 3,995$ 3,415$ 2,173$

747 -$ -$ -$

(1,524)$ 18,622$ 5,145$ 11,688$ 3,727 4,033 (365) 6,803 2,203$ 22,655$ 4,780$ 18,491$

124

City of Napa - Financial Trends InformationChanges in Fund Balances, Government FundsLast Ten Fiscal Years(Modified accrual basis accounting, in thousands)

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016Revenues

Taxes 30,067$ 40,035$ 39,635$ 39,471$ 43,717$ 42,483$ 41,269$ 44,459$ 46,861$ 51,555$ Licenses and permits 12,083 10,483 6,318 3,477 3,618 4,084 3,945 4,198 4,766 5,753 Intergovernmental 38,111 22,141 18,544 29,404 24,550 21,551 23,394 26,268 23,344 24,078 Charges for services 5,043 6,003 5,671 8,937 9,297 9,226 11,711 12,238 12,030 11,651 Investment earnings 3,029 4,110 2,739 1,155 1,003 726 93 531 632 1,238 Loan repayments 907 715 269 - - - 155 - - - Miscellaneous 911 1,709 672 172 466 777 124 514 504 681

Total Revenues 90,151 85,196 73,847 82,616 82,652 78,846 80,692 88,208 88,136 94,955

ExpendituresGeneral government 15,364 18,595 23,178 17,610 16,588 16,538 12,691 - - -

City Council 279 307 317 City Clerk 623 829 795 City Manager 1,213 1,174 1,185 Finance 4,697 5,203 5,351 City Attorney 876 867 928 Human Resources 1,071 1,034 1,146 General Services 2,234 6,260 1,907

Public safety 28,618 30,557 33,202 34,781 33,268 34,009 34,946 - - - Police 22,911 23,741 25,786 Fire 13,755 14,560 15,818

Public Works 6,094 6,494 6,840 8,871 6,752 6,773 7,257 7,252 7,675 10,047 Parks & Recreation 5,828 5,000 4,526 8,101 6,813 6,580 6,765 7,269 7,565 8,855 Community Development 238 392 3,849 3,418 6,246 7,976 7,203 Housing 12,152 1,574 1,088 - - - - - - - Redevelopment 1,447 996 473 935 974 - - - - - County Fees and pass-through - 67 211 116 124 - - - - Capital Outlay 14,846 11,029 20,795 17,395 15,663 10,793 15,657 16,469 9,267 10,900 Debt Service

Principal 1,020 1,210 1,240 1,535 3,365 1,730 - 328 473 320 Interest and fiscal charges 1,081 1,088 1,019 1,025 1,216 801 - 5 3 23

Total Expenditures 86,451 76,542 92,429 90,704 85,147 81,197 80,733 85,228 86,934 90,581

Excess of revenues over/(under) expenditures 3,700 8,654 (18,583) (8,088) (2,495) (2,351) (42) 2,980 1,202 4,375

Other financing sources (uses)Transfer in 14,382 16,904 18,748 15,385 30,927 11,822 22,210 17,369 21,237 21,936 Transfer out (11,738) (18,059) (17,064) (12,607) (27,185) (7,280) (17,274) (13,224) (16,163) (17,495) Debt ProceedsPayments to refunded bond escrow agent Sale of capial assets Total other financing Sources (uses) 221 4 772 2,933 Special Items -

Total Other Financing Sources 2,643 (1,154) 1,683 2,999 3,743 4,542 4,940 4,145 5,846 7,373 Change in Accounting MethodExtraordinaary Items (Transfer to/from Successor Agency Trust) (1,199) 1,220 2,173 19

Net Change in fund balances 6,344$ 7,499$ (16,899)$ (5,089)$ 1,248$ 991$ 4,899$ 8,345 9,220 11,767

Debt service as a percentage of non-capital expenditures 1% 2% 2% 2% 5% 3% 0% 0% 1% 0%

Source: City of Napa -Audited Financial Statements

125

City of Napa - Revenue CapacityAssessed Value and Estimated Actual Value of Taxable PropertyLast Ten Fiscal Years(in millions)

Fiscal Year Real PropertyPersonal Property

Total Taxable Assessed Value

Net Increase / (Decrease) Amount

Net Increase % Direct Tax Rate

2007 7,607 215 7,822 796 10% 0.015%2008 8,369 242 8,611 789 9% 0.015%2009 8,702 251 8,954 343 4% 0.015%2010 8,455 256 8,711 (242) -3% 0.015%2011 8,382 259 8,641 (70) -1% 0.015%2012 8,414 251 8,665 23 0% 0.015%2013 8,509 254 8,763 98 1% 0.015%2014 8,970 248 9,219 456 5% 0.015%2015 9,542 247 9,788 570 6% 0.015%2016 10,143 264 10,407 618 6% 0.015%

Source: Napa County Auditor Controller's Office http://www.countyofnapa.org/Pages/DepartmentContent.aspx?id=4294973814

126

City of Napa - Revenue CapacityDirect and Overlapping Property Tax RatesLast Ten Fiscal Years

Fiscal Year County City Education

Lake Park Maintenance

District

River Park Maintenance

District Total2006/07 1.0000% 0.0150% 0.0590% 0.1125% 0.1688% 1.3553%2007/08 1.0000% 0.0150% 0.0875% 0.1125% 0.1688% 1.3838%2008/09 1.0000% 0.0150% 0.0807% 0.1125% 0.1688% 1.3770%2009/10 1.0000% 0.0150% 0.0986% 0.1125% 0.1688% 1.3949%2010/11 1.0000% 0.0150% 0.0779% 0.1125% 0.1688% 1.3742%2011/12 1.0000% 0.0150% 0.0973% 0.1125% 0.1688% 1.3936%2012/13 1.0000% 0.0150% 0.0904% 0.1125% 0.1688% 1.3867%2013/14 1.0000% 0.0150% 0.0986% 0.1125% 0.1688% 1.3949%2014/15 1.0000% 0.0150% 0.0954% 0.1125% 0.1688% 1.3917%2015/16 1.0000% 0.0150% 0.0889% 0.1125% 0.1688% 1.3852%

Source: Napa County Auditor Controller's Office http://www.countyofnapa.org/Pages/DepartmentContent.aspx?id=4294973814

127

City of Napa - Revenue CapacityPrincipal Property TaxpayersCurrent Year and Nine Years Ago

Taxpayer Type of Business Assessed Value Rank

Percentage of Total Assessed Valuation Assessed Value Rank

Percentage of Total Assessed Valuation

Kaiser Foundation Hospitals Hospital 270,490,811$ 1 2.76% 24,596,618$ 8Meritage Resort LLC Hotels 92,854,818 2 0.95%Inland American Lodging Napa Solano LLC Hotels 73,372,381 3 0.75%IA Lodging Napa First LLC Hotels 68,733,238 4 0.70%Hawthorn Village Limited Partnership Apartments 54,931,686 5 0.56%South Napa Fee LLC 51,486,446 6 0.53%Chelsea Financing Partnership LP Real Estate 45,445,695 7 0.46% 40,079,663 3Shell Owners Association West Timeshares 41,420,180 7 0.42%First Napa Acquisition LLC Apartments 39,237,859 9 0.40% 45,401,390 2Napa Crossings South LLC Real Estate-Retail 33,956,535 10 0.35%Dey Laboratories LP 91,193,452 1Sunstone Napa LLC 33,426,211 4Gasser Peter A and Vernice 30,101,733 5Intelstat Corporation 28,283,908 6AGS Ventures Inc 26,115,218 7LBA Realty Fund II WBP II LLC 23,299,551 9Napa Town Center Partner 18,017,011 10

Source: Napa County Auditor Controller's Office

2016 2007

128

City of Napa - Revenue CapacityProperty Tax Levies and CollectionsLast Ten Fiscal Years

Fiscal Year ended June 30

Total Tax Levy for

Fiscal Year2 Amount Percentage of Levy2007 - - - 2008 - - - 2009 - - - 2010 - - - 2011 14,378,036$ 14,378,036$ 100%2012 1 . 14,922,304 14,922,304 100%2013 15,207,190 15,207,190 100%2014 15,334,229 15,334,229 100%2015 16,558,128 16,558,128 100%2016 17,253,718 17,253,718 100%

Source: Napa County Auditor Controller's Office1 Information prior to fiscal year 2010 is not readily available.2 Levy does not include ERAF or RDA pass through.

Collected within the Fiscal Year of the Levy

129

Ratios of Outstanding Debt by Type

Fiscal Year Ended June 30

General Obligation

Bonds

Redevelopment

Bonds1Capital Leases

Total Governmental

Activities2007 -$ 24,620,000$ -$ 24,620,000$ 2008 - 23,410,000 121,664$ 23,531,664 2009 - 22,170,000 157,688 22,327,688 2010 - 20,635,000 432,534 21,067,534 2011 - 19,020,000 329,190 19,349,190 2012 - - 240,944 240,944 2013 - - 106,236 106,236 2014 - - 44,112 44,112 2015 - - 1,442,767 1,442,767 2016 1,335,322 1,335,322

1 Redevelopment Bonds were previously classified as governmental. With the dissolution of Redevelopment in fiscal year 2012 they are now presented under a separate fiduciary fund.

Governmental Activities

City of Napa - Debt Capacity

Last Ten Fiscal Years

130

City of Napa - Debt CapacityRatios of Outstanding Debt by TypeLast Ten Fiscal Years

Fiscal Year Ended June

30

Water Revenue

BondsSolid Waste

Revenue BondsLoans & Notes

Payable

Total Business Type

Activities

Total Primary

Government

Percentage of Personal

IncomeDebt Per Capita

2007 - 6,200,000$ 7,964,758$ 14,164,758$ 38,784,758$ 1.03% 519 2008 47,350,000$ 5,840,000 7,611,029 60,801,029 84,332,693 2.20% 1,122 2009 47,350,000 5,465,000 7,263,293 60,078,293 82,405,981 2.23% 1,083 2010 47,350,000 5,075,000 6,904,816 59,329,816 80,397,350 2.14% 1,046 2011 46,300,000 4,665,000 6,535,107 57,500,107 76,849,297 1.95% 999 2012 45,205,000 4,235,000 6,154,139 55,594,139 55,835,083 1.31% 720 2013 44,065,000 3,785,000 5,760,697 53,610,697 53,716,933 1.22% 690 2014 42,880,000 - 7,623,965 50,503,965 50,548,077 1.14% 645 2015 43,140,673 - 5,599,244 48,739,917 50,182,684 1.16% 635 2016 47,989,710 1,389,321 49,379,031 50,714,353 1.02% 629

Business Type Activities

131

City of Napa - Debt Capacity

As of June 30, 2016

City Assessed Valuation 10,406,262,268$

Total Debt at June 30, 2016

Percentage

Applicable1Estimated Share of Overlapping Debt

Direct and Overlapping Tax and Assessment Debt

Napa Joint Community College District 118,406,073$ 31.047% 36,761,533$

Napa Valley Unified School District 273,172,270 46.587% 127,262,765

California Statewide Development Authority 1915 Act Bonds 2,197,401 100.000% 2,197,401

Total Direct and Overlapping Tax and Assessment Debt 166,221,700$

Direct and Overlapping General Fund Obligation Debt

City of Napa Capital Lease 1,335,322$ 100% 1,335,322$

Napa County Certificates of Participation 27,305,000$ 31.324% 8,553,018$

Napa County Board of Education Certificates of Participation 2,710,000 31.324% 848,880

Total Overlapping General Fund Obligation Debt 10,737,221$

Overlapping Tax Increment Debt (Successor Agency)

Successor Agency to the Napa City Redevelopment Authority 9,100,000$ 100.000% 9,100,000$

Total Direct Debt 1,335,322

Total Overlapping Debt 184,723,599 Total Direct and Overlapping Debt 2 186,058,921$

Source: California Municipal Statistics, Inc1 Applicable percentages were estimated by determining the portion of the overlapping district's assessed value

that if within the boundaries of the city divided by the district's total taxable assessed value.2 Excludes tax and revenue anticipation notes, revenue, mortgage revenue and non-bonded capital lease

obligations.

Direct and Overlapping Debt

132

City of Napa - Debt CapacityLegal Debt Margin InformationLast Ten Fiscal Years

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Assessed valuation 7,822,180,558$ 8,610,881,711$ 8,953,549,785$ 8,711,134,526$ 8,641,413,264$ 8,664,660,774$ 8,762,995,441$ 9,218,760,715$ 9,787,994,372$ 10,406,262,268$

Conversion percentage 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%

Adjusted assessed valuation 1,955,545,140 2,152,720,428 2,238,387,446 2,177,783,632 2,160,353,316 2,166,165,194 2,190,748,860 2,304,690,179 2,446,998,593 2,601,565,567

Debt limit percentage 15% 15% 15% 15% 15% 15% 15% 15% 15% 15%

Debt limit 293,331,771$ 322,908,064$ 335,758,117$ 326,667,545$ 324,052,997$ 324,924,779$ 328,612,329$ 345,703,527$ 367,049,789$ 390,234,835$

Total net debt applicable to limit:General obligation bonds - - - - - - - - - -

Legal debt margin 293,331,771$ 322,908,064$ 335,758,117$ 326,667,545$ 324,052,997$ 324,924,779$ 328,612,329$ 345,703,527$ 367,049,789$ 390,234,835$

Total debt applicable to the limitas percentage of debt limit 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

133

City of Napa - Debt CapacityPledged Revenue CoverageLast Ten Fiscal Years


Gross Water Revenues Less Expenses

Net Available Revenues Principal Interest Notes Payable

City System Coverage

2006 18,117,923$ 10,241,233$ 7,876,690$ 1,160,000$ 240,266$ 192,096$ 4.952007 19,659,303 10,649,138 9,010,165 1,225,000 199,666 302,392 5.222008 21,111,182 12,610,256 8,500,926 1,270,000 2,487,730 382,464 2.052009 19,721,108 13,972,193 5,748,915 1,320,000 2,352,124 391,537 1.412010 19,385,902 15,789,037 3,596,865 1,365,000 2,300,644 391,537 0.892011 19,422,077 14,022,037 5,400,040 1,050,000 2,246,044 391,537 1.462012 22,160,235 15,389,343 6,770,892 1,095,000 2,204,044 391,537 1.832013 25,454,220 15,452,198 10,002,022 1,140,000 2,160,244 391,537 2.712014 28,510,172 14,339,154 14,171,018 1,541,062 5,313,787 391,537 1.962015 24,945,963 19,254,164 5,691,799 1,245,000 2,052,894 391,537 1.542016 30,174,654 25,132,975 5,041,679 - 419,545 - 12.02


Gross Solid Waste Revenues Less Expenses

Net Available Revenues Principal Interest Notes Payable

City System Coverage

2006 13,482,083$ 12,191,639$ 1,290,444$ 335,000$ 342,926$ 1.902007 18,970,522 16,080,291 2,890,231 345,000 329,972 4.282008 21,290,455 17,546,499 3,743,956 360,000 316,542 5.532009 20,848,145 18,227,150 2,620,995 375,000 302,540 3.872010 15,567,913 14,105,116 1,462,797 390,000 285,529 2.172011 15,986,299 13,015,485 2,970,813 410,000 265,289 4.402012 16,538,005 14,061,154 2,476,851 430,000 244,037 3.672013 24,461,038 20,763,495 3,697,543 450,000 221,773 5.502014 24,117,179 20,464,194 3,652,985 3,552,784 278,931 0.952015 24,248,868 22,297,405 1,951,463 - - 2016 26,536,033 21,425,404 5,110,629 - -

Debt Service

WaterDebt Service

Solid Waste Revenue Bonds

134

City of Napa - Demographic and Economic InformationDemographic and Economic InformationLast Ten Fiscal Years

Year PopulationPersonal Income

(in thousands)Per Capita

IncomeSchool

EnrollmentUnemployment

Rate2007 74,688 3,777,047$ 50,571$ 20,087 4.0%2008 75,186 3,831,479 50,960 20,108 5.1%2009 76,090 3,696,376 48,579 20,370 8.6%2010 76,856 3,756,337 48,875 20,520 9.7%2011 76,915 3,937,587 51,194 20,582 9.1%2012 77,513 4,271,199 55,103 20,593 7.8%2013 77,881 4,410,713 56,634 20,725 6.3%2014 78,358 4,437,727 56,634 20,868 5.4%2015 78,971 4,311,501 54,596 21,002 4.4%2016 80,576 4,954,054 61,483 20,817 4.1%

(1) California Department of Finance offers multiple statistics for City of Napa population. These numbers come from "E-4 Population and Housing Estimates for Cities, Counties and the State, 2001-2010." and "E-1 Current Population Estimates".

(2) Source: US Department of Commerce, Bureau of Economic Analysis. Per capita income represented is for 2015 Napa County. 2016 per capita income is not yet available.

(3) California Department of Education, Educational Demographics Unit (District and School Enrollment by Grade)

(4) United States Department of Labor, Bureau of Labor Statistics. Unemployment rate presented is for Napa County. 2016 unemployment rate is an average of January 2016 through September 2016.

135

City of Napa - Demographic and Economic InformationPrincipal EmployersCurrent Year and Nine Years Ago

2016

EmployerNumber of Employees

Percent ofTotal

EmploymentNumber of Employees

Percent ofTotal

EmploymentNapa Valley Unified School District 1,900 5.16% 1,650 1.26%Queen of the Valley Medical Center 1,365 3.71% 1,200 0.92%County of Napa 1,248 3.39% 1,375 1.05%City of Napa 458 1.24%Target2 292 0.79%Napa Valley College 290 0.79% 800 61.00%Walmart Supercenter 250 0.68%The Meadows of Napa Valley Assisted Living 214 0.58%Kohl's Department Store 200 0.54%Meritage Resort and Spa 190 0.52%Kaiser Permanente 180 0.49%Marriott-Napa Valley 165 0.45%Coldwell Banker Brokers of the Valley 159 0.43%Aldea Children & Family Services 150 0.41%Regulus Integrated Solutions 150 0.41%Whole Foods 150 0.41%

Source: Economic Development Division of the City of Napa and United States Census Bureau.1 Information prior to 2013 is not readily available.2 Includes four retail locations.

20071

136

City of Napa - Demographic and Economic InformationFull Time Equivalent City Government Employees by Function / ProgramLast Ten Fiscal Years

Function/Program 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Governmental Activities General Government 49.45 58.62 59.27 62.88 57.62 57.35 54.88 56.43 57.06 56.94 Public Safety

Police 131.89 134.76 137.85 132.79 126.28 125.18 128.53 130.03 132.42 132.42 Fire 68.12 70.74 70.56 70.93 65.36 65.57 65.60 67.84 69.01 69.51

Public Works 57.50 59.96 61.18 64.22 59.22 58.70 63.70 65.38 72.58 75.05 Parks and recreation 70.30 73.75 72.00 69.04 57.89 59.12 59.41 69.59 63.38 63.44 Community development and Housing 41.98 39.11 43.48 42.11 38.71 38.98 37.71 35.29 38.36 38.29

Business type ActivitiesWater Utility 50.23 50.50 52.50 54.57 52.57 53.23 54.17 55.66 59.23 60.23Materials Diversion Utility 6.20 6.75 6.66 6.44 6.36 7.26 6.26 7.00 7.38 7.38

TOTAL 475.67 494.19 503.50 502.98 464.01 465.39 470.26 487.22 499.42 503.26

Source: Budget Document, City of Napa

137

City of Napa - Operating InformationOperating Indicators by Function/ProgramLast Ten Fiscal Years

Function/Program 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016Police

Physical arrests 3,728 3,923 4,602 4,170 3,752 3,505 3,205 3,440 3,803 3,803 Parking violations 9,501 8,512 8,159 6,497 6,551 6,408 7,683 8,683 2,953 2,953 Traffic violations 5,687 6,007 6,099 4,715 3,054 3,332 3,078 3,668 4,835 4,835

FireNumber of calls answered 6,976 6,807 7,002 6,953 6,941 7,197 7,646 7,897 8,802 8,969 Inspections 560 1,555 1,296 1,496 1,425 1,425 1,464 1,379 1,401 1,598

Highways and streetsStreet resurfacing (miles) - - 10 9.74 7.32 8.95 8.97 9.02 6.11 10.01 Potholes repairs - 1,182 653 294 211 326 300 358 383 320

Materials Diversion UtilityRefuse collected (tons/day) 122 108 103 98 98 94 92 90 94 89 Recyclables collected (tons/day) 70 69 71 64 68 60 64 64 72 76 Green Waste collected (tons/day) - 57.64 59.68 61.34 64.65 62.69 69.20 71 69 72

Culture and recreationAthletic field permits issued 25 21 29 37 30 25 10 17 18 8

WaterNew connections - 127 618 - - 326 - 238 98 62 Water Main breaks1 123 98 59 99 64 93 63 38 272 68 Average daily consumption (per thousand gallons) 14.98 15.33 14.94 13.14 13.35 13.79 14.27 14.12 12.27 11.24

Source: City of Napa1 233 of the 272 water main breaks in 2015 were related to the August 24, 2014 South Napa Earthquake

138

City of Napa - Operating Information

Capital Asset Statistics by FunctionLast Ten Fiscal Years

Function/Program 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Police

Police Stations 1 1 1 1 1 1 1 1 1 1

Police Vehicles 22 21 21 20 22 24 27 27 27 46

Police Motorcycles 4 4 5 5 5 5 5 5 5 4

Fire

Fire stations 4 4 4 4 4 4 4 4 4 4 Fire Apparatus 9 9 9 9 9 9 10 10 10 9

Highways and StreetsStreets (miles) - - - - - - 234.4 237.3 237.3 237.3

Parks & RecreationParks 49 49 50 50 51 52 53 53 54 54 Parks (acreage) 764 764 765 765 798 804 804 804 810 814 Tennis Courts 2 2 2 2 2 2 2 2 2 2 Community Centers 3 3 3 3 3 3 3 3 3 3

WastewaterStorm Drain (miles) 151 152 152 152 152 152 152 152 152 152

WaterReservoirs 2 2 2 2 2 2 2 2 2 2

Materials Diversion UtilityFacility 1 1 1 1 1 1 1 1 1 1

`Golf Course:

Napa Golf Course 1 1 1 1 1 1 1 1 1 1

Source: City of Napa1 Information prior to 2014 is not readily available.2 Street miles within the City jurisdiction, excludes private-owned

139

CITY OF NAPA, CALIFORNIA Comprehensive Annual ...

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