TO: Napa Berryessa Resort Improvement District Board
FROM: Tracy Schulze - Auditor-Controller
REPORT BY: Georgina Panganiban - Deputy Auditor-Controller
SUBJECT: Authorization to prepare necessary entries to close the financial books for the fiscal year ended June 30, 2025.
RECOMMENDATION
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Authorize preparation of the necessary accounting entries to close the financial books for the fiscal year ended June 30, 2025. (Fiscal Impact: $343,255 Expense; Napa Berryessa Resort Improvement District Fund; Not Budgeted; Discretionary)
[4/5 vote required]
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BACKGROUND
The Auditor-Controller anticipates completing all the necessary accounting entries to close the financial books for the fiscal year ended June 30, 2025 by Tuesday, September 30, 2025.
There are no changes requiring Board approval to the financial records for Napa Berryessa Resort Improvement District for the year ended June 30, 2025. In addition, there are no changes to fund balance commitments or restrictions - the district will maintain the fund balance commitment in the amount of $34,556 for FEMA/CalOES; and $72,151 due to the remaining excess insurance proceeds from 2020 LNU Fire Complex. Funds are restricted until the projects are fully audited and can be released.
However, on June 24, 2025, your board approved estimated amount of remaining budget and related contracts for continued projects to be carried forward in the following year. The item presented today is to ratify final amounts resulting from completing all accounting entries through June 30, 2025.
The three capital improvement projects to be completed in Fiscal Year 2025-26 or beyond are as follows:
Project 21071
The USDA Reserve Wastewater Treatment Plant project is the replacement of various short lived assets installed as part of the USDA funded wastewater treatment plant replacement project in 2012. Funded by depreciation reserves the funds are needed to procure services and supplies to complete work on the following: Stor...
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