CITY OF CAMARILLO
Fiscal Year 2023/24 Mid-Year Budget Review
Recommended Adjustments
"Exhibit C"
AMENDED
BUDGET
RECOMMENDED
MID-YEAR
ADJUSTMENT
RECOMMENDED
REVISED
BUDGET
Explanation for Change
REVENUE
101 GENERAL FUND 101-0000-311.11-01 Secured / Current Year Property Tax 8,470,988 (171,000) 8,299,988 Increa se to reflect projection based on actuals 101-0000-312.12-01 Unsecured / Current Year Property Tax 900,000 700,000 1,600,000 Inc rease to reflect projection based on actuals 101-0000-313.13-18 Other / Transfer Tax-Real Prop 950,000 (450,000) 500,000 Increase to reflect projection based on actuals 101-0000-313.13-21 Other / AB1484 Residual 200,000 125,000 325,000 Increase to refl ect projection based on actuals 101-0000-313.13-90 Other / VLF Property Taxes 8,120,484 295,000 8,415,484 Increase to ref lect projection based on actuals 101-0000-316.31-02 Business Tax 1,480,000 137,000 1,617,000 Increase to reflect projectio n based on actuals 101-0000-341.51-01
Development Services / Engineering Inspection
Fees 363,000 542,000 905,000 Increase to reflect actual revenues to date 101-0000-341.51-02 Development Services / Subdivision Fees 400,000 201,100 601,100 Increase to reflect actual revenues to date 101-0000-361.70-01 Investment Earnings / Interest Income 1,200,000 1,600,000 2,800,000 Incre ase to reflect projection based on actuals General Fund Subtotal 22,084,472 2,979,100 25,063,572 207 ARTICLE 8c - TRANSIT
FUND
207-0000-337.43-14 TDA / Article 8C Transit - 1,800,000 1,800,000 TDA Aritcle 8c revenue previously received/recorded
in Fund 810 will now be recorded in Fund 207
240 SIBA FUND 240-0000-341.51-25 Development Services / SIBA 201,927 (201,927) - Due to timin g of development activity 251 TRAFFIC MITIGATION
FUND 251-0000-341.51-05 Development Services / Traffic Mitigation Fees 1,242,716 (778,786) 46 3,930 Due to timing of development activity 252 BRIDGE POLICY FUND 252-0000-341.51-10 Development Services / Brid ge Policy 99,371 (97,871) 1,500 Due to timin g of development activity 805 SOLID WASTE FUN D 805-0000-335.39-03 State Operating Grant / Used Oil 8,318 2,614 10,932 I ncrease to reflect approved grant funding 805-0000-335.39-04
State Operating Grant / Beverage Container
Recycle 26,665 (8,887) 17,778 Increase to reflect approved grant funding 805-0000-335.39-18 Other Grant Programs / SB 1383 OWR 75,000 24,269 99,269 In crease to reflect approved grant funding Solid Waste Fund Subtotal 109,983 17,996 127,979 810 TRANSIT FUND
810-0000-337.43-14 TDA / Article 8C Transit 1,800,000 (1,800,000) - TDA Aritcle 8c revenue previously received/recorded
in Fund 810 will now be recorded in Fund 207
815 CAMARILLO RANCH
EVENTS FUND 815-0000-349.59-01 Camarillo Ranch Event Services / Catering Fees 560,100 (310,100) 2 50,000 Decrease to reflect projection based on actuals 815-0000-349.59-04
Camarillo Ranch Event Services / Venue-Site
Rental Fees 256,144 (116,144) 140,000 Decrease to reflect projection based on actuals Camarillo Ranch House Subtotal 816,244 (426,244) 390,000 860 WATER UTILITY FUND
860-0000-346.56-01 Utility Services / Water Sales 11,125,000 (1,750,000) 9,375,000 Proposed reduction in revenues based on actual
water sales from July - December 2023 and
projections for January - June 2024
REVENUE TOTAL $ 37,479,713 $ (257,732) $ 37,221,981
FUND ACCOUNT/ DESCRIPTION
2/1/202411:03 AM 1 of 4
CITY OF CAMARILLO
Fiscal Year 2023/24 Mid-Year Budget Review
Recommended Adjustments
"Exhibit C"
AMENDED
BUDGET
RECOMMENDED
MID-YEAR
ADJUSTMENT
RECOMMENDED
REVISED
BUDGET
Explanation for ChangeFUND ACCOUNT/ DESCRIPTION
EXPENDITURES
101 GENERAL FUND
101-1901-419.79-57 Allocated Charges / Facilities ISF 9,071,087 (6,477,267) 2,593,820 Move budgeted set aside for CIP projects to transfer-
out to Capital Improvement Projects Fund
280 CDBG Fund 280-4401-444.70-01 CDBG Grants / Administration 57,494 13,200 70,694 Amendmen t to increase funds for agreement 280-4405-444.73-49 CDBG-CV Grant / Lutheran Social Services - 28,088 28,088 Additional programs funded with CDBG COVID
funding
280-4405-444.73-51 CDBG-CV / Program Administration - 6,600 6,6 00 Additional programs funded with CDBG COVID
funding
280-4405-444.73-52 CDBG-CV Grant / Sr Meal Delivery Healthcare - 37,500 37,500 Additional programs funded with CDBG COVID
funding
280-4405-444.73-53 CDBG-CV Grant / PVRPD Food Program - 26,631 26,6 31 Additional programs funded with CDBG COVID
funding
CDBG Fund Subtotal 57,494 112,019 169,513 410 CAPITAL
IMPROVEMENT
PROJECTS FUND 410-8510-485.92-01 CIP/ Administration 372,732 (25,000) 347,732 Decrease to reflect actual projected project
expenditures through the remainder of FY 2023/24
410-8510-485.92-21 CIP / Design/Engineering 5,960,598 (1,657,984) 4,302,614 Decrease to reflect actual projected project
expenditures through the remainder of FY 2023/24
410-8510-485.92-31 CIP / Right-of-Way/Easements 22,386 (19,000) 3,386 Decrease to reflect actual projected project
expenditures through the remainder of FY 2023/24
410-8510-485.92-41 CIP / Construction 9,076,629 (1,697,684) 7,378,945 Decrease to reflect actual projected project
expenditures through the remainder of FY 2023/24
Capital Improvement Projects Fund Subtotal 15,432,345 (3,399,668 ) 12,032,677
510 RISK MANAGEMENT
FUND 510-5110-451.52-13 Insurance / Earthquake & Flood 635,000 130,000 765,000 Reflects actual insurance premium 540 VEHICLE AND
EQUIPMENT FUND 540-5540-455.91-33 Capital Purchases / Vehicle 2,853,512 (453,512) 2,400,000 Supply chain i nteruptions and lack of supply 550 CITY HALL FACILITY
FUND 550-5750-419.91-11 Capital Purchases / Buildings 775,000 (417,850) 357,150 Restroom & break room remodel not fully expended in
FY 2023/24 and will continue in FY 2024/25
551 CORP YARD FACILITY
FUND 551-5751-432.36-01 Repair Services / Office Furniture & Equipment 50,000 (50,000) - Restroom & break room remodel to be completed in
FY 2024/25
551-5751-432.91-21 Capital Purchases / Impr Other than Buildings 575,000 (575,000) - Restroom & break room remodel to be completed in
FY 2024/25
Corp Yard Facility Fund Subtotal 625,000 (625,000) - 552 POLICE FACILITY FUND
552-8610-486.92-21 CIP / Design/Engineering 57,500 (47,500) 10,000 Decrease to reflect actual projected project
expenditures through the remainder of FY 2023/24
805 SOLID WASTE FUND 805-3510-435.71-53 Other Grant Pro grams / SB 1383 OWR 75,896 23,373 99,269 Increase to reflect grant award 2/1/202411:03 AM 2 of 4
CITY OF CAMARILLO
Fiscal Year 2023/24 Mid-Year Budget Review
Recommended Adjustments
"Exhibit C"
AMENDED
BUDGET
RECOMMENDED
MID-YEAR
ADJUSTMENT
RECOMMENDED
REVISED
BUDGET
Explanation for ChangeFUND ACCOUNT/ DESCRIPTION
815 CAMARILLO RANCH
EVENTS FUND 815-4001-449.32-01 Professional Services / Administrative 37,500 (37,500) - Due to reduction in filming cost for virtual tour 815-4001-449.35-72
Contract Services / Building & Grounds
Maintenance 125,520 (12,500) 113,020 Reduction in inspection fees 815-4001-449.91-11 Capital Purchases / Buildings 129,375 (50,000) 79,375 Concrete pad for kitchen project to be completed in
FY 2024/25
815-9010-486.92-41 CIP / Construction 233,367 (70,000) 163,367 Concrete pad installation reclassed from CIP to
operations
Camarillo Ranch Events Fund Subtotal 525,762 (170,000) 355,762 860 WATER UTILITY FUND
860-3670-436.60-01 Utility Service / Electrical 960,000 400,000 1,360,000 Increase to reflect usage at Desalter & SCE/CPA
rates
861 RECLAIMED WATER
FUND 861-8110-487.92-21 CIP / Design/Engineering 272,219 (272,219) - Decrease to reflect actual projected project
expenditures through the remainder of FY 2023/24
861-8116-487.92-21 CIP / Design/Engineering 63,651 (61,190) 2,461 Decrease to reflect actual projected project
expenditures through the remainder of FY 2023/24
861-8116-487.92-31 CIP / Right-of-Way/Easements 100,000 (96,330) 3,670 Decrease to reflect actual projected project
expenditures through the remainder of FY 2023/24
Reclaimed Water Fund Subtotal 435,870 (429,739) 6,131 863 WATER CAPITAL
PROJECTS FUND 863-8710-487.92-21 CIP / Design/Engineering 1,092,586 (413,933) 690,153 Decrease to reflect actual projected project
expenditures through the remainder of FY 2023/24
863-8710-487.92-31 CIP / Right-of-Way/Easements 472,795 (250,000) 222,795 Decrease to reflect actual projected project
expenditures through the remainder of FY 2023/24
863-8716-487.92-21 CIP / Design/Engineering 355,683 (100,000) 255,683 Decrease to reflect actual projected project
expenditures through the remainder of FY 2023/24
Water Capital Projects Fund Subtotal 1,921,064 (763,933) 1,157,131 871 SANITARY DISTRICT
FUND 871-3740-437.60-01 Utility Service / Electrical 650,000 350,000 1,000,000 Increase to reflect usage at water reclamation plant &
SCE/CPA rates
873 CAMSAN CAPITAL
PROJECTS FUND 873-8810-488.92-21 CIP / Design/Engineering 2,105,410 (912,720) 1,192,690 Decrease to reflect actual projected project
expenditures through the remainder of FY 2023/24
873-8810-488.92-41 CIP / Design/Engineering 1,152,417 (29,990) 1,122,427 Decrease to reflect actual projected project
expenditures through the remainder of FY 2023/24
873-8816-488.92-21 CIP / Construction 1,007,458 (99,191) 841,447 Decrease to reflect actual projected project
expenditures through the remainder of FY 2023/24
CAMSAN Capital Projects Fund Subtotal 4,265,285 (1,041,901) 3,223,384 EXPENDITURE TOTAL $ 38,340,815 $ (12,810,978) $ 25,529,837 2/1/202411:03 AM 3 of 4
CITY OF CAMARILLO
Fiscal Year 2023/24 Mid-Year Budget Review
Recommended Adjustments
"Exhibit C"
AMENDED
BUDGET
RECOMMENDED
MID-YEAR
ADJUSTMENT
RECOMMENDED
REVISED
BUDGET
Explanation for ChangeFUND ACCOUNT/ DESCRIPTION
TRANSFERS IN
410 CAPITAL
IMPROVEMENT
PROJECTS FUND 410-9999-399.98-01 Transfer in / From 101 General Fund 758,181 6,477,267 7,235,448 Move budgeted set aside for CIP projects to transfer-
out to Capital Improvement Projects Fund
410-9999-399.98-86 Transfer in / From 286 Cable PEG Fees 2,491,178 (598,584) 1,892,594 Decrease to reflect actual projected project
expenditures through the remainder of FY 2023/24
Capital Improvement Projects Fund Subtotal 3,249,359 5,878,683 9,128,042 429 CAMARILLO CORRIDOR
PROJECTS FUND
429-9999-399.98-48 Transfer in / From 498 Low Mod Housing 3,100 404,219 407,319 To reflect previous Council action on Affordable Loan
Program
550 CITY HALL FACILITY
FUND 550-9999-399.98-86 Transfer in / From 286 Cable PEG Fees 340,000 (340,000) - Decrease to reflect actual projected project
expenditures through the remainder of FY 2023/24
810 TRANSIT FUND
810-9999-337.43-14 Transfer in / From 207 Transportation Fund - 1,800,000 1,8 00,000 TDA Aritcle 8c revenue previously received/recorded
in Fund 810 will now be recorded in Fund 207
TRANSFERS IN TOTAL 3,592,459 7,742,902 11,335,361
TRANSFERS OUT
101 GENERAL FUND
101-9999-499.98-41 Transfer out / To 410 Capital Projects Fund 758,181 6,477,267 7,235,44 8 Move budgeted set aside for CIP projects to transfer-
out to Capital Improvement Projects Fund
207 ARTICLE 8c - TRANSIT
FUND 207-9999-499.98-81 Transfer out / To 810 Transit Fund - 1,800,000 1,800,000 TDA Aritcle 8c revenue previously received/recorded
in Fund 810 will now be recorded in Fund 207
286 CABLE PEG FUND
286-9999-499.98-41 Transfer out / To 410 Capital Projects Fund 2,491,178 (598,584) 1,892,59 4 Decrease to reflect actual projected project
expenditures through the remainder of FY 2023/24
286-9999-499.98-55 Transfer out / To 550 City Hall Fund 340,000 (340,000) - Decrease to reflect actual projected project
expenditures through the remainder of FY 2023/24
Cable PEG Fund Subtotal 2,831,178 (938,584) 1,892,594 498 LOW/MODERATE
INCOME HOUSING
FUND 498-9999-499.98-44
Transfer out / Top 429 Camarillo Corridor Projects
Fund 3,100 404,219 407,319 To reflect previous Council action on Affordable Loan
Program
TRANSFERS OUT TOTAL $ 3,592,459 $ 7,742,902 $ 11,335,361 2/1/202411:03 AM 4 of 4