CITY OF CAMARILLO
Fiscal Year 2024/25 Mid-Year Budget Review
Recommended Adjustments
"Exhibit C"
CURRENT
BUDGET
RECOMMENDED
MID-YEAR
ADJUSTMENT
RECOMMENDED
BUDGET
Explanation for Change
REVENUE
101GENERAL FUND 101-0000-316.21-01 Sales Tax 19,500,000 (580,000) 18,920,000 Decrease based on consultant's projections 101-0000-361.70-01 Investment Earnings / Interest Income 2,840,000 865,000 3,705,000 Increase to reflect projection based on investment earnings rate of return and LAIF rates
101-0000-312.12-01 Unsecured/Current Year 1,620,000 406,312 2,026,312 Increase to reflect projection based on actuals 101-0000-341.51-01 Development Services / Engineering Inspection Fees
565,000 (415,000) 150,000 Decrease to reflect actual revenues to date & funds were received in the last fiscal year
101-0000-341.51-02 Development Services / Subdivision Fees 260,000 50,000 310,000 Increase to reflect actual revenues to date 101-0000-341.51-03 Development Services /Geotechnical Fees 83,000 (52,500) 30,500 Decrease to reflect projection based on actuals General Fund Subtotal 24,868,000 273,812 25,141,812 207 ARTICLE 8c TDA FUND 207-0000-337.43-14 TDA / Article 8c-Transit 1,681,000 218,000 1,899,000 Adjust unearned revenues to reflect the decrease of TDA revenue allocation for FY 2024/25 in the amount
of $327,983 and an expenditure increase of $218,000
in transit operations
208ARTICLE 8a TDA FUND 208-0000-337.43-11 TDA / Article 8a-Roads 1,800,000 200,000 2,000,000 Increase TDA revenue allocation for FY 2024/25 210GAS TAX FUND 210-0000-337.41-01 Gas Tax-2105 Prop 111 439,264 7,771 447,035 Increases based on revised State estimates 210-0000-337.41-02 Gas Tax-2106 Construction 281,244 6,006 287,250 Increases based on revised State estimates 210-0000-337.41-04 Gas Tax-2107 Construction 600,314 9,643 609,957 Increases based on revised State estimates 210-0000-337.41-06 Gas Tax-2103 Swap 628,303 26,609 654,912 Increases based on revised State estimates Gas Tax Fund 1,949,125 50,029 1,999,154 251 TRAFFIC MITIGATION 251-0000-341.51-05 Development Services / Traffic Mitigation Fees 1,362,006 (464,621) 897,385 Due to timing of development activity 252BRIDGE POLICY FUND 252-0000-341.51-10 Development Services / Bridge Policy 149,681 (140,181) 9,500 Due to timing of development activity 810 TRANSIT FUND 810-0000-331.35-21 Federal Grants/FTA Assist Bus O&M 1,385,800 91,000 1,476,800 Increased reimbursement due to increased expenditures for bus and local DAR services
810-0000-331.35-24 Federal Grants/FTA Local ADA 93,000 39,000 132,000 Increased reimbursement due to increased expenditures for local ADA services
810-0000-332.36-11 Capital Grants/FTA-Buses 223,000 599,305 822,305 Increased reimbursement due to FY 2023/24 bus procurements carrying forward to FY 2024/25
810-0000-371.80-85 Other Revenues/Gain/Loss Asset Disposal - 66,989 66,989 Revenue from transit vehicle auctions and insurance payment for totaled vehicle
Transit Fund Subtotal 1,701,800 796,294 2,498,094 860 WATER UTILITY FUND860-0000-346.56-01 Utility Services / Water Sales 10,506,402 997,000 11,503,402 Based on actual water sales and projected sales through 06/30/2025
871 SANITARY DISTRICT
FUND
871-0000-347.57-01 Sanitation Services / Sewer Regular Rate Charge 16,623,708 1,633,342 18,257,050 Based on actuals and projections through 6/30/2025 REVENUE TOTAL $ 60,641,722 $ 3,563,675 $ 64,205,397
FUND ACCOUNT/ DESCRIPTION
2/26/202512:57 PM 1 of 3
CITY OF CAMARILLO
Fiscal Year 2024/25 Mid-Year Budget Review
Recommended Adjustments
"Exhibit C"
CURRENT
BUDGET
RECOMMENDED
MID-YEAR
ADJUSTMENT
RECOMMENDED
BUDGET
Explanation for ChangeFUND ACCOUNT/ DESCRIPTION
EXPENDITURES
101 GENERAL FUND 101-1701-417.32-01 Professional Services / Administration 1,110,456 22,525 1,132,981 Design plans related to Arneil Road Mixed Use project and Ventura County Community Development
Corporation (VCCDC) expenses related to Permanent
Local Housing Allocation (PLHA) Program
101-2152.426.71-17 Grant Programs / Tobacco - 70,662 70,662 Tobacco grant approved by City Council on 12/1/2024 General Fund Subtotal 1,110,456 93,187 1,203,643 510 RISK MANAGEMENT
FUND
510-5110-451.52-13 Insurance / Earthquake & Flood 787,000 73,670 860,670 Reflects actual insurance premium 530 INFORMATION
SYSTEMS FUND
530-5330-453.10-01 Regular Wages 1,272,824 210,168 1,482,992 Two positions to support technology initiatives. 530-5330-453.32-01 Administrative 2,350,918 150,000 2,500,918 Professional services related to the Citywide digitization project.
Information Systems Fund Subtotal 3,623,742 360,168 3,983,910 810TRANSIT FUND 810-3801-438.34-41 Contract Services/Transit, Bus Local 1,620,000 140,000 1,760,000 Increased demand for general DAR services 810-3801-438.34-35 Contract Services/Transit, Local ADA 345,000 60,000 405,000 Increased demand for local ADA services Transit Fund Subtotal 1,965,000 200,000 2,165,000 860 WATER UTILITY FUND 860-3601-436.32.01 Professional Services - Administrative 1,222,587 (190,000) 1,032,587 Decrease reflects CMMS shift to Administrative Services Departments, special studies consultant not
needed in this fiscal year
860-3610-436.61-70 Water Purchased Resale 5,023,333 1,232,740 6,256,073 Increase to reflect usage of imported water as a result of drier winter & unplanned well B maintenance
Water Utility Fund Subtotal 6,245,920 1,042,740 7,288,660 871 SANITARY DISTRICT
FUND
871-3701-437.32-01 Professional Services - Administrative 1,507,517 (165,000) 1,342,517 Decrease to reflect CMMS project shift to Admin.
Services Dept and other expenditure shifts to next FY.
EXPENDITURE TOTAL $ 15,239,635 $ 1,604,765 $ 16,844,400 2/26/202512:57 PM 2 of 3
CITY OF CAMARILLO
Fiscal Year 2024/25 Mid-Year Budget Review
Recommended Adjustments
"Exhibit C"
CURRENT
BUDGET
RECOMMENDED
MID-YEAR
ADJUSTMENT
RECOMMENDED
BUDGET
Explanation for ChangeFUND ACCOUNT/ DESCRIPTION
TRANSFERS IN
810 TRANSIT FUND 810-9999-399.98-07 Transfer in / From 207 Transportation Fund 1,681,000 218,000 1,899,000 Increase to reflect vehicle procurement and increased transit demands
TRANSFERS IN TOTAL $ 1,681,000 $ 218,000 $ 1,899,000
TRANSFERS OUT
207 ARTICLE 8c - TRANSIT
FUND
207-9999-499.98-81 Transfer out / To 810 Transit Fund 1,681,000 218,000 1,899,000 Increase to reflect vehicle procurement and increased transit demands
TRANSFERS OUT TOTAL $ 1,681,000 $ 218,000 $ 1,899,000 2/26/202512:57 PM 3 of 3