City of Camarillo
Revenue & Expenditure Report
(Unaudited)
May 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$ 14,261,667$ 75.06% Property Taxes 19,498,684 18,418,618 94.46% Franchise Taxes 3,060,000 2,672,162 87.33% Business License Taxes 1,617,000 1,455,268 90.00% Transient Occupancy Taxes 3,366,000 2,646,699 78.63% Special Assessments 156,670 - 0.00% Licenses and permits 1,900,000 1,088,792 57.30% Subventions and grants 3,306,000 666,304 20.15% Charges for services 3,017,816 2,993,754 99.20% Investment Earnings 2,890,389 3,140,654 108.66% Fines and Forfeitures 343,000 393,793 114.81% Contributions and developer fees 41,476 93,055 224.36% Miscellaneous 2,233,327 2,270,538 101.67% Total Revenues 60,430,362 50,101,304 82.91% Expenditures:
General Government:
City Council 675,674 418,193 61.89% City Clerk 1,035,256 666,475 64.38% City Attorney 459,881 387,785 84.32% City Manager 2,889,770 1,957,676 67.75% Finance 2,002,998 1,605,168 80.14% Human Resources 803,751 525,241 65.35% Community Development 2,892,065 2,160,651 74.71% Community & Human Svcs 735,000 132,777 18.06% CIP Administration 503,963 626,783 124.37% Non-departmental 2,945,941 3,878,870 131.67% Total General Government 14,944,299 12,359,619 82.70%
CITY OF CAMARILLO
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE Month Ended May 2024
Percentage of Current Fiscal Year Elapsed: 92%
CITY OF CAMARILLO
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE Month Ended May 2024
Percentage of Current Fiscal Year Elapsed: 92%
Expenditures (continued):
Public Safety:
Emergency Operations 314,314 113,281 36.04% Code Compliance 941,208 787,811 83.70% Police Services 19,732,918 15,447,162 78.28% DART 35,686 33,713 94.47% Building & Safety 1,885,730 1,000,077 53.03% Total Public Safety 22,909,856 17,382,044 75.87% Highways and streets 9,134,193 6,681,663 73.15% Economic Development 681,397 562,008 82.48% Cultural arts and library services 5,613,411 4,093,439 72.92% Total Expenditures 53,283,156 41,078,773 77.10% Excess (Deficiency) of Revenues
Over (Under) Expenditures 7,147,206 9,022,531 126.24% Other Financing Sources (Uses):
Transfers in 2,025,810 1,603,873 79.17% Transfers out (11,240,881) (392,650) 3.49% Total Other Financing Sources (Uses): (9,215,071) 1,211,223 (13.14%) Net Change in Fund Balance (2,067,865) 10,233,754$ (494.89%) Fund Balance, Beginning of Year 91,561,603 91,561,603 Ending Fund Balance (Projected) 89,493,738$ 101,795,357$ *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$ 2,486,119$ 92.61% 221 - Zone 1-Mission Oaks MD1A 1,070,676 1,075,704 100.47% 222 - Zone 2-Wittenberg MD 31,060 31,325 100.85% 223 - Zone 3-Armitos Strm Basin 1,894 1,793 94.67% 224 - Zone 4-Mission Oaks In MD 54,336 54,329 99.99% 225 - Zone 5-Presley MD 18,645 17,982 96.44% 226 - Zone 6-Spanish Hills MD 22,111 21,826 98.71% 227 - Zone 7-Sares/Regis MD 8,065 8,081 100.20% 228 - Zone 8-Vista Las Posas MD 33,637 32,479 96.56% 230 - Zone 10-Adolfo Glen III MD 30,099 30,723 102.07% 231 - Zone 9-Adolfo Glen II MD 42,344 42,312 99.92% Total Revenues 3,997,375 3,802,673 95.13% Expenditures by Fund:
220 - Lighting & Landscape MD 6,063,003 4,874,892 80.40% 221 - Zone 1-Mission Oaks MD1A 1,334,964 935,831 70.10% 222 - Zone 2-Wittenberg MD 43,060 24,453 56.79% 223 - Zone 3-Armitos Strm Basin 5,658 2,505 44.27% 224 - Zone 4-Mission Oaks In MD 56,262 40,290 71.61% 225 - Zone 5-Presley MD 23,596 12,370 52.42% 226 - Zone 6-Spanish Hills MD 23,934 8,793 36.74% 227 - Zone 7-Sares/Regis MD 12,204 6,932 56.80% 228 - Zone 8-Vista Las Posas MD 42,604 25,741 60.42% 230 - Zone 10-Adolfo Glen III MD 34,388 23,214 67.51% 231 - Zone 9-Adolfo Glen II MD 45,616 34,766 76.21% Total Expenditures 7,685,289 5,989,787 77.94% Excess (Deficiency) of Revenues
Over (Under) Expenditures (3,687,914) (2,187,114) 59.30% Other Financing Sources (Uses):
Transfers in 3,382,495 14,179 0.42% Total Other Financing Sources (Uses): 3,382,495 14,179 0.42% Net Change in Fund Balance (305,419) (2,172,935)$ 711.46% Fund Balance, Beginning of Year 1,832,000
Ending Fund Balance (Projected) 1,526,581$
Percentage of Current Fiscal Year Elapsed: 92%
MAINTENANCE DISTRICTS - SPECIAL REVENUE FUNDS
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES Month Ended May 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$ 117,330$ 198.52% 251 - Traffic Mitigation Fund 562,961 667,805 118.62% 252 - Bridge Policy Fund 14,432 26,724 185.17% 253 - Storm Drain Fund 340 852 250.59% 261 - Signals Fund 2,626 7,463 284.20% 262 - Underground Utilities Fund 4,058 10,754 265.01% 263 - Street Improvements Fund 29,598 78,478 265.15% 264 - Parking In-lieu Fund 1,045 249 23.83% Total Revenues 674,161 909,655 134.93% Excess (Deficiency) of Revenues
Over (Under) Expenditures 674,161 909,655 134.93% Other Financing Sources (Uses):
Transfers out (3,831,095) (1,276,072) 33.31% Total Other Financing Sources (Uses): (3,831,095) (1,276,072) 33.31% Net Change in Fund Balance (3,156,934) (366,417)$ 11.61% Fund Balance, Beginning of Year 19,898,000
Ending Fund Balance (Projected) 16,741,066$
DEVELOPMENT FEES - SPECIAL REVENUE FUNDS
Month Ended May 2024
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES Percentage of Current Fiscal Year Elapsed: 92%
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 15,299 30.39% 498 - Low-Mod Inc Hsng Asset 5,459 4,835 88.57% Total Revenues 6,341,148 35,281 0.56% Expenditures by Fund:
410 - Capital Improv. Projects 15,467,767 5,436,466 35.15% 429 - Cam Corridor Prjs Area 102,296 52,558 51.38% 498 - Low-Mod Inc Hsng Asset 61,450 14,839 24.15% Total Expenditures 15,631,513 5,503,863 35.21% Excess (Deficiency) of Revenues
Over (Under) Expenditures (9,290,365) (5,468,582) 58.86% Other Financing Sources (Uses):
Transfers in 17,810,745 4,269,939 23.97% Transfers out (407,319) (407,319) 100.00% Total Other Financing Sources (Uses): 17,403,426 3,862,620 22.19% Net Change in Fund Balance 8,113,061 (1,605,962)$ (19.79%) Fund Balance, Beginning of Year 19,525,000
Ending Fund Balance (Projected) 27,638,061$
CAPITAL PROJECTS FUNDS
Month Ended May 2024
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES Percentage of Fiscal Year Elapsed: 92%
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$ 1,610,633$ 89.48% 208 - Article 8a TDA Fund 1,713,133 1,569,615 91.62% 209 - Article 3 TDA Fund 12,000 12,529 104.41% 210 - Gas Tax Fund 2,026,412 1,603,873 79.15% 211 - SB1 Fund 1,760,518 1,363,002 77.42% 275 - Air Quality Fund 428 4,077 952.57% 280 - CDBG Fund 677,153 657,950 97.16% 285 - Library Special Revenue 152,313 156,612 102.82% 286 - Cable PEG Fees 222,297 185,544 83.47% 321 - Library Debt Service - 21,697 0.00% Total Revenues 8,364,254 7,185,532 85.91% Expenditures by Fund:
280 - CDBG Fund 612,895 769,273 125.51% 285 - Library Special Revenue 299,055 251,346 84.05% 321 - Library Debt Service 489,938 412,180 84.13% Total Expenditures 1,401,888 1,432,799 102.20% Excess (Deficiency) of Revenues
Over (Under) Expenditures 6,962,366 5,752,733 82.63% Other Financing Sources (Uses):
Transfers in 489,938 662,621 135.25% Transfers out (10,134,693) (4,202,950) 41.47% Total Other Financing Sources (Uses): (9,644,755) (3,540,329) 36.71% Net Change in Fund Balance (2,682,389) 2,212,404$ (82.48%) Fund Balance, Beginning of Year 7,234,000
Ending Fund Balance (Projected) 4,551,611$
OTHER GOVERNMENTAL FUNDS
Month Ended May 2024
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES Percentage of Current Fiscal Year Elapsed: 92%
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$ 7,008,564$ 85.81% 810 - Transit 3,502,381 1,186,296 33.87% 815 - Camarillo Ranch Events 446,963 242,966 54.36% 860 - Water Utility 14,989,258 12,526,920 83.57% 861 - Reclaimed Water 728,287 616,085 84.59% 862 - Water Conservation Credit 16,788 26,523 157.99% 863 - Water Capital Projects 606,460 423,180 69.78% 864 - Water Debt Service Fund - 18,457 0.00% Subtotal Water Funds 16,340,793 13,611,165 83.30% 871 - Sanitary District 16,431,789 14,747,222 89.75% 872 - CAMSAN Debt Service 1,368,044 1,604,398 117.28% 873 - CAMSAN Capital Projects 674,804 798,035 118.26% Subtotal Sanitary District Funds 18,474,637 17,149,655 92.83% Grand Total Revenues 46,931,895 39,198,646 83.52% Expenses by Fund:
805 - Solid Waste 8,272,554 6,846,111 82.76% 810 - Transit 5,479,577 3,212,127 58.62% 815 - Camarillo Ranch Events 789,125 520,821 66.00% 860 - Water Utility 22,079,251 16,402,162 74.29% 861 - Reclaimed Water 773,896 400,798 51.79% 862 - Water Conservation Credit 762,394 67,762 8.89% 863 - Water Capital Projects 3,142,963 1,223,250 38.92% 864 - Water Debt Service Fund 182,425 (401,137) (219.89%) Subtotal Water Funds 26,940,929 17,692,835 65.67% 871 - Sanitary District 20,512,410 16,075,741 78.37% 872 - CAMSAN Debt Service 510,600 259,417 50.81% 873 - CAMSAN Capital Projects 5,943,567 1,438,688 24.21% Subtotal Sanitary District Funds 26,966,577 17,773,846 65.91% Grand Total Expenses 68,448,762 46,045,740 67.27% Income (Loss) Before Transfers (21,516,867) (6,847,094) 31.82% 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) 13,022,771 4,674,534 35.90% Changes in Net Position (6,589,096) (2,444,181)$ 37.09% Net Position, Beginning of Year 208,126,000
Ending Net Position (Projected) 201,536,904$
ENTERPRISE FUNDS
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN NET POSITION Month Ended May 2024
Percentage of Current Fiscal Year Elapsed: 92%
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$ 2,127,133$ 87.89% 530 - Information Systems 4,046,942 3,764,412 93.02% 540 - Vehicles & Equipment 2,956,553 2,424,091 81.99% Total Revenues 9,423,683 8,315,636 88.24% Expenses by Fund:
510 - Risk Management 2,584,168 2,435,300 94.24% 530 - Information Systems 4,188,110 2,845,046 67.93% 540 - Vehicles & Equipment 3,645,415 1,587,593 43.55% Total Expenses 10,417,693 6,867,939 65.93% Income (Loss) Before Transfers (994,010) 1,447,697 (145.64%) Transfers in - - 0.00% *Adjustment to net position (accrual method) 3,000,972 702,587 23.41% Changes in Net Position 2,006,962 2,150,284$ 107.14% Net Position, Beginning of Year 35,367,000
Ending Net Position (Projected) 37,373,962$
INTERNAL SERVICE FUNDS
Month Ended May 2024
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION Percentage of Fiscal Year Elapsed: 92%
CITY OF CAMARILLO
Total Receipts 17,434,460 $
Total Disbursements 10,578,272 $
Fund Balances
Fund Type:
General Fund 101,795,360 $
Special Revenue Funds 31,338,044
Trust Funds * (44,049,862)
Debt Service Fund 510,234
Capital Projects Funds 19,738,839
Internal Service Funds 42,596,464
Enterprise Funds 208,957,219
Total Fund Balances 360,886,298$
* Successor Agency Fund fund balance includes outstanding bonds.
CITY OF CAMARILLO
Receipts, Disbursements, and Fund Balances
(CA State Govt. Code 41004)
Preliminary
Month Ended May 2024