City of Camarillo
Reserve Analysis - Current
Fiscal Year 2024/25
"Exhibit D"
Reserve
Basis
Projected
6/30/25
Fund
Balance (1)
Expend. &
Transfers *
Reserve Policy
Requirement
Other
Committed
Fund Balance
Projected
6/30/25
Unassigned
Fund Balance
Available
Fund
Balance %
50% 101 General Fund 100,809,389 $ 64,526,894$ 32,263,447$ $56,805,000 11,740,942$ 12% 20% 221 Zone 1-Mission Oaks MD-1A 1,012,575 1,431,938 286,388 726,187 72% 20% 222 Zone 2-Wittenberg Maint. Dist. 87,369 44,448 8,890 78,479 90% 20% 223 Zone 3-Armitos Storm Basins MD 796 6,028 1,206 (410) -52% 20% 224 Zone 4-Mission Oaks Industrial MD 62,046 60,613 12,123 49,923 80% 20% 225 Zone 5-Presley Maint. Dist. 25,111 26,575 5,315 19,796 79% 20% 226 Zone 6-Spanish Hills Maint. Dist. 41,167 25,379 5,076 36,091 88% 20% 227 Zone 7-Sares/Regis Maint. Dist. 9,843 11,960 2,392 7,451 76% 20% 228 Zone 8-Vista Las Posas Maint. Dist. 30,847 45,003 9,001 21,846 71% 20% 230 Zone 10-Adolfo Glen III Maint. Dist. 58,154 36,703 7,341 50,813 87% 20% 231 Zone 9-Adolfo Glen II Maint. Dist. 65,118 47,485 9,497 55,621 85% (1) The working capital measurement is used for Internal Service Funds (5xx) and Enterprise Funds (8xx) (2) General Fund Commitments of Fund Balance
$14,405,000 Building and Grounds Capital Projects
$10,000,000 Natural Disaster Recovery
$8,000,000 Pleasant Valley Rec. & Park District - Community and Senior Center $5,400,000 Economic Development
$3,800,000 Continuum of Care
$200,000 Camarillo Springs Debris Barrier Remediation Maintenance $15,000,000 Loan to Water Utility
$56,805,000Total
* Expenditures and transfers exclude capital projects and depreciation, and include principal payments on debt Reserve
Basis
Projected
6/30/25
Fund
Balance (1)
Expend. &
Transfers *
Reserve Policy
Requirement
Other
Committed
Fund Balance
Projected
6/30/25
Unassigned
Fund Balance
Available
Fund
Balance %
510 Risk Management 1,008,499 $ 2,695,285$ 265,500$ 141,508$ 601,491$ 60% 100% of accumulated depreciation:
530 Information Services 2,344,463 5,720,904 1,284,904 1,059,559 45% 120% of accumulated depreciation:
540 Vehicles & Equipment 6,506,464 3,946,433 4,866,788 1,639,676 25% (1) The working capital measurement is used for Internal Service Funds (5xx) and Enterprise Funds (8xx) * Expenditures and transfers exclude capital projects and depreciation, and include principal payments on debt ** (RC) Replacement Cost
*** Funds are available in the Wastewater Capital Fund
Fund
General Fund: Minimum of 50% of the operating expenditures plus transfers to other funds for operations:
Zone 2-10 Funds: Minimum of 20% of the operating expenditures:
Fund
Three times the self-insured retention for liability claims ($30,000 * 3), + 100% greatest deductible for single property damage coverage ($100,000), + 25% annual appropriation for workers' compensation expense:
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City of Camarillo
Reserve Analysis - Current
Fiscal Year 2024/25
"Exhibit D"
Reserve
Basis
Projected
6/30/25
Fund
Balance
Expend. &
Transfers *
Reserve Policy
Requirement
Other
Committed
Fund Balance
Projected
6/30/25
Unassigned
Fund Balance
Available
Fund
Balance %
Solid Waste
805 Operations 5% 325,616$ 9,150,010$ 457,501$ (131,885) $ -41% Water Utility
860 Operations 25% of O&M 24,726,628 6,181,657 Rate Stabilization 5% Commodity Sales 124,905
Capital Annual Depreciation (RC)** 2,604,897
Restricted/Emergency 1% Assets (RC) 537,974
Operating Fund (1,254,052) 9,449,433 (10,703,485) $ -854% Wastewater Utility
871 Operations 25% of O&M 21,271,530 5,317,883 Capital Annual Depreciation (RC) 5,850,282
Restricted/Emergency 1% Assets (RC) 1,552,915
Debt Service 1 Year Debt Service 1,305,994
Operating Fund 36,682,606 14,027,074 22,655,531 62% (1) The working capital measurement is used for Internal Service Funds (5xx) and Enterprise Funds (8xx) * Expenditures and transfers exclude capital projects and depreciation, and include principal payments on debt ** (RC) Replacement Cost
*** Funds are available in the Wastewater Capital Fund
(2) The Camarillo Ranch Facility activities have been transferred to the Camarillo Ranch Enterprise Fund.
Fund
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