City of Camarillo
Revenue & Expenditure Report
(Unaudited)
March 2024
Prepared By:
The Department of Finance
Current Actual Percentage of
Budget Year-to-Date Budget
2023/24 2023/24 2023/24
Revenues:
Sales Taxes 19,000,000$ 11,272,587 $ 59.33% Property Taxes 19,498,684 10,753,746 55.15% Franchise Taxes 3,060,000 1,034,448 33.81% Business License Taxes 1,617,000 1,154,111 71.37% Transient Occupancy Taxes 3,366,000 2,097,834 62.32% Special Assessments 156,670 - 0.00% Licenses and permits 1,900,000 943,762 49.67% Subventions and grants 3,306,000 666,304 20.15% Charges for services 3,017,816 2,591,571 85.88% Investment Earnings 2,890,389 2,132,959 73.79% Fines and Forfeitures 343,000 299,783 87.40% Contributions and developer fees 41,476 86,353 208.20% Miscellaneous 2,233,327 1,927,274 86.30% Total Revenues 60,430,362 34,960,732 57.85% Expenditures:
General Government:
City Council 675,674 322,241 47.69% City Clerk 1,035,256 518,953 50.13% City Attorney 459,881 251,195 54.62% City Manager 2,889,770 1,326,619 45.91% Finance 2,002,998 1,284,660 64.14% Human Resources 803,751 403,056 50.15% Community Development 2,892,065 1,640,638 56.73% Community & Human Svcs 735,000 97,697 13.29% CIP Administration 503,963 493,971 98.02% Non-departmental 5,539,761 5,831,910 105.27% Total General Government 17,538,119 12,170,940 69.40%
CITY OF CAMARILLO
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE Month Ended March 2024
Percentage of Current Fiscal Year Elapsed: 75%
CITY OF CAMARILLO
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE Month Ended March 2024
Percentage of Current Fiscal Year Elapsed: 75%
Expenditures (continued):
Public Safety:
Emergency Operations 314,314 89,076 28.34% Code Compliance 941,208 617,940 65.65% Police Services 19,732,918 10,633,001 53.88% DART 35,686 27,760 77.79% Building & Safety 1,885,730 774,152 41.05% Total Public Safety 22,909,856 12,141,929 53.00% Highways and streets 9,134,193 5,053,624 55.33% Economic Development 681,397 433,826 63.67% Cultural arts and library services 5,613,411 3,308,429 58.94% Total Expenditures 55,876,976 33,108,748 59.25% Excess (Deficiency) of Revenues
Over (Under) Expenditures 4,553,386 1,851,984 40.67% Other Financing Sources (Uses):
Transfers in 2,025,810 1,315,603 64.94% Transfers out (11,240,881) (391,550) 3.48% Total Other Financing Sources (Uses): (9,215,071) 924,053 (10.03%) Net Change in Fund Balance (4,661,685) 2,776,037 $ (59.55%) Fund Balance, Beginning of Year 91,561,603
Ending Fund Balance (Projected) 86, 899,918$
*Beginning fund balance for FY 2021/22 is preliminary and based on preliminary FY 2020/21 ending fund balance.
Current Actual Percentage of
Budget Year-to-Date Budget
2023/24 2023/24 2023/24
Revenues by Fund:
220 - Lighting & Landscape MD 2,684,508$ 1,504,629 $ 56.05% 221 - Zone 1-Mission Oaks MD1A 1,070,676 621,017 58.00% 222 - Zone 2-Wittenberg MD 31,060 18,210 58.63% 223 - Zone 3-Armitos Strm Basin 1,894 1,105 58.34% 224 - Zone 4-Mission Oaks In MD 54,336 29,322 53.96% 225 - Zone 5-Presley MD 18,645 9,918 53.19% 226 - Zone 6-Spanish Hills MD 22,111 13,388 60.55% 227 - Zone 7-Sares/Regis MD 8,065 4,673 57.94% 228 - Zone 8-Vista Las Posas MD 33,637 18,399 54.70% 230 - Zone 10-Adolfo Glen III MD 30,099 17,033 56.59% 231 - Zone 9-Adolfo Glen II MD 42,344 24,541 57.96% Total Revenues 3,997,375 2,262,235 56.59% Expenditures by Fund:
220 - Lighting & Landscape MD 6,063,003 3,712,713 61.24% 221 - Zone 1-Mission Oaks MD1A 1,334,964 700,604 52.48% 222 - Zone 2-Wittenberg MD 43,060 19,880 46.17% 223 - Zone 3-Armitos Strm Basin 5,658 2,065 36.50% 224 - Zone 4-Mission Oaks In MD 56,262 32,387 57.56% 225 - Zone 5-Presley MD 23,596 8,536 36.18% 226 - Zone 6-Spanish Hills MD 23,934 7,918 33.08% 227 - Zone 7-Sares/Regis MD 12,204 3,728 30.55% 228 - Zone 8-Vista Las Posas MD 42,604 19,558 45.91% 230 - Zone 10-Adolfo Glen III MD 34,388 18,949 55.10% 231 - Zone 9-Adolfo Glen II MD 45,616 28,062 61.52% Total Expenditures 7,685,289 4,554,400 59.26% Excess (Deficiency) of Revenues
Over (Under) Expenditures (3,687,914) (2,292,165) 62.15% Other Financing Sources (Uses):
Transfers in 3,382,495 13,579 0.40% Total Other Financing Sources (Uses): 3,382,495 13,579 0.40% Net Change in Fund Balance (305,419) (2,278,586) $ 746.05% Fund Balance, Beginning of Year 1,832,000
Ending Fund Balance (Projected) 1,526,581 $
Percentage of Current Fiscal Year Elapsed: 75%
MAINTENANCE DISTRICTS - SPECIAL REVENUE FUNDS
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES Month Ended March 2024
CITY OF CAMARILLO
Current Actual Percentage of
Budget Year-to-Date Budget
2023/24 2023/24 2023/24
Revenues by Fund:
240 - SIBA Fund 59,101$ 72,030 $ 121.88% 251 - Traffic Mitigation Fund 562,961 432,006 76.74% 252 - Bridge Policy Fund 14,432 16,444 113.94% 253 - Storm Drain Fund 340 520 152.94% 261 - Signals Fund 2,626 4,560 173.65% 262 - Underground Utilities Fund 4,058 6,571 161.93% 263 - Street Improvements Fund 29,598 47,953 162.01% 264 - Parking In-lieu Fund 1,045 152 14.55% Total Revenues 674,161 580,236 86.07% Excess (Deficiency) of Revenues
Over (Under) Expenditures 674,161 580,236 86.07% Other Financing Sources (Uses):
Transfers out (3,831,095) (986,138) 25.74% Total Other Financing Sources (Uses): (3,831,095) (986,138) 25.74% Net Change in Fund Balance (3,156,934) (405,902) $ 12.86% Fund Balance, Beginning of Year 19,898,000
Ending Fund Balance (Projected) 16,741,066$
DEVELOPMENT FEES - SPECIAL REVENUE FUNDS
Month Ended March 2024
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES Percentage of Current Fiscal Year Elapsed: 75%
CITY OF CAMARILLO
Current Actual Percentage of
Budget Year-to-Date Budget
2023/24 2023/24 2023/24
Revenues by Fund:
410 - Capital Improv. Projects 6,285,352$ 15,147 $ 0.24% 429 - Cam Corridor Prjs Area 50,337 13,984 27.78% 498 - Low-Mod Inc Hsng Asset 5,459 3,162 57.92% Total Revenues 6,341,148 32,293 0.51% Expenditures by Fund:
410 - Capital Improv. Projects 15,447,767 4,550,949 29.46% 429 - Cam Corridor Prjs Area 102,296 66 0.06% 498 - Low-Mod Inc Hsng Asset 61,450 9,374 15.25% Total Expenditures 15,611,513 4,560,389 29.21% Excess (Deficiency) of Revenues
Over (Under) Expenditures (9,270,365) (4,528,096) 48.84% Other Financing Sources (Uses):
Transfers in 17,770,745 3,953,555 22.25% Transfers out (407,319) (407,319) 100.00% Total Other Financing Sources (Uses): 17,363,426 3,546,236 20.42% Net Change in Fund Balance 8,093,061 (981,860) $ (12.13%) Fund Balance, Beginning of Year 19,525,000
Ending Fund Balance (Projected) 27,618,061 $
CAPITAL PROJECTS FUNDS
Month Ended March 2024
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES Percentage of Fiscal Year Elapsed: 75%
CITY OF CAMARILLO
Current Actual Percentage of
Budget Year-to-Date Budget
2023/24 2023/24 2023/24
Revenues by Fund:
207 - Article 8c TDA Fund 1,800,000$ 1,200,073 $ 66.67% 208 - Article 8a TDA Fund 1,713,133 1,168,308 68.20% 209 - Article 3 TDA Fund 12,000 12,529 104.41% 210 - Gas Tax Fund 2,026,412 1,315,603 64.92% 211 - SB1 Fund 1,760,518 1,044,175 59.31% 275 - Air Quality Fund 428 2,491 582.01% 280 - CDBG Fund 677,153 98,438 14.54% 285 - Library Special Revenue 152,313 151,108 99.21% 286 - Cable PEG Fees 222,297 130,413 58.67% 321 - Library Debt Service - 17,599 0.00% Total Revenues 8,364,254 5,140,737 61.46% Expenditures by Fund:
280 - CDBG Fund 612,895 132,620 21.64% 285 - Library Special Revenue 299,055 233,323 78.02% 321 - Library Debt Service 489,938 411,725 84.04% Total Expenditures 1,401,888 777,668 55.47% Excess (Deficiency) of Revenues
Over (Under) Expenditures 6,962,366 4,363,069 62.67% Other Financing Sources (Uses):
Transfers in 489,938 662,121 135.14% Transfers out (10,134,693) (3,888,230) 38.37% Total Other Financing Sources (Uses): (9,644,755) (3,226,109) 33.45% Net Change in Fund Balance (2,682,389) 1,136,960 $ (42.39%) Fund Balance, Beginning of Year 7,234,000
Ending Fund Balance (Projected) 4,551,611 $
OTHER GOVERNMENTAL FUNDS
Month Ended March 2024
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES Percentage of Current Fiscal Year Elapsed: 75%
CITY OF CAMARILLO
Current Actual Percentage of
Budget Year-to-Date Budget
2023/24 2023/24 2023/24
Revenues by Fund:
805 - Solid Waste 8,167,121$ 5,435,309 $ 66.55% 810 - Transit 3,502,381 1,144,396 32.67% 815 - Camarillo Ranch Events 446,963 218,872 48.97% 860 - Water Utility 14,989,258 10,247,860 68.37% 861 - Reclaimed Water 728,287 461,616 63.38% 862 - Water Conservation Credit 16,788 16,379 97.56% 863 - Water Capital Projects 606,460 342,653 56.50% 864 - Water Debt Service Fund - 16,678 0.00% Subtotal Water Funds 16,340,793 11,085,186 67.84% 871 - Sanitary District 15,183,389 11,499,130 75.73% 872 - CAMSAN Debt Service 1,368,044 995,157 72.74% 873 - CAMSAN Capital Projects 674,804 510,117 75.59% Subtotal Sanitary District Funds 17,226,237 13,004,404 75.49% Grand Total Revenues 45,683,495 30,888,167 67.61% Expenses by Fund:
805 - Solid Waste 8,272,554 5,414,828 65.46% 810 - Transit 5,479,577 2,414,391 44.06% 815 - Camarillo Ranch Events 789,125 400,301 50.73% 860 - Water Utility 22,079,251 12,767,606 57.83% 861 - Reclaimed Water 773,896 290,169 37.49% 862 - Water Conservation Credit 762,394 52,819 6.93% 863 - Water Capital Projects 3,142,963 623,944 19.85% 864 - Water Debt Service Fund 182,425 (401,137) (219.89%) Subtotal Water Funds 26,940,929 13,333,401 49.49% 871 - Sanitary District 20,512,410 12,786,099 62.33% 872 - CAMSAN Debt Service 510,600 258,702 50.67% 873 - CAMSAN Capital Projects 5,392,392 1,195,450 22.17% Subtotal Sanitary District Funds 26,415,402 14,240,251 53.91% Grand Total Expenses 67,897,587 35,803,172 52.73% Income (Loss) Before Transfers (22,214,092) (4,915,005) 22.13% Transfers in 11,905,000 9,865,999 82.87% Transfers out (10,000,000) (10,137,620) 101.38% *Adjustment to net position (accrual method) 12,471,596 3,569,314 28.62% Changes in Net Position (7,837,496) (1,617,312) $ 20.64% Net Position, Beginning of Year 208,126,000
Ending Net Position (Projected) 200,288,504 $
ENTERPRISE FUNDS
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN NET POSITION Month Ended March 2024
Percentage of Current Fiscal Year Elapsed: 75%
CITY OF CAMARILLO
Current Actual Percentage of
Budget Year-to-Date Budget
2023/24 2023/24 2023/24
Revenues by Fund:
510 - Risk Management 2,420,188$ 1,637,630 $ 67.67% 530 - Information Systems 4,046,942 3,061,323 75.65% 540 - Vehicles & Equipment 2,956,553 1,905,594 64.45% Total Revenues 9,423,683 6,604,547 70.08% Expenses by Fund:
510 - Risk Management 2,584,168 2,335,993 90.40% 530 - Information Systems 4,188,110 2,284,381 54.54% 540 - Vehicles & Equipment 3,645,415 1,268,279 34.79% 550 - City Hall Facility - 87,124 0.00% 551 - Corp Yard Facility - 71,304 0.00% 552 - Police Facility 10,000 85,687 856.87% 553 - Library Facility 10,000 551,470 5514.70% 555 - Chamber of Commerce - 9,502 0.00% Total Expenses 10,437,693 6,693,740 64.13% Income (Loss) Before Transfers (1,014,010) (89,193) 8.80% Transfers in 40,000 - 0.00% *Adjustment to net position (accrual method) 3,008,372 535,337 17.79% Changes in Net Position 2,034,362 446,144 $ 21.93% Net Position, Beginning of Year 35,367,000
Ending Net Position (Projected) 37,401,362$
INTERNAL SERVICE FUNDS
Month Ended March 2024
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION Percentage of Fiscal Year Elapsed: 75%
CITY OF CAMARILLO