Preliminary Preliminary Final
December January January Positive Increase
2024 2025 2024 (Negative) (Decrease)
Assets:
Cash and investments 99,403,825 $ 104,673,547 $ 86,887,251 $ 17,786,296 $ 20.47 % Restricted cash 7,899,590 7,911,299.00 7,343,871.00 567,428 7.73 Accounts receivable, net 970,519 958,081.00 933,343.00 24,738 2.65 Due from other funds - - - - 100.00 Prepaid items 1,569,495 1,336,292.00 1,215,713.00 120,579 9.92 Deposits 125,000 125,000.00 125,000.00 - - Total Assets 109,968,429 $ 115,004,219 $ 96,505,178 $ 18,499,041 $ 19.17 % Liabilities:
Accounts payable 1,575 $ 10,047 $ 90 $ 9,957 $ (1) 11,063.33 % Wages & payroll taxes payable 154,888 11,049 123,001 (111,952) (1) (91.02) Deposit & deferred revenues 2,607,136 2,598,846 4,612,014 (2,013,168) (2) (43.65) Total Liabilities 2,763,599 2,619,942 4,735,105 (2,115,163) (44.67) Fund Balance:
Nonspendable 1,694,495 1,461,292 1,340,713 120,579 8.99 Restricted 8,091,537 8,114,063 (3) 7,519,444 594,619 7.91 Committed 88,036,791 88,036,791 (4) 71,360,064 16,676,727 23.37 Assigned 6,032,021 6,335,797 4,994,240 1,341,557 26.86 Unassigned 3,349,986 8,436,334 6,555,612 1,880,722 28.69 Total Fund Balance 107,204,830 112,384,277 91,770,073 20,614,204 22.46 Total Liabilities and Fund Balance 109,968,429$ 115,004,219 $ 96,505,178 $ 18,499,041 $ 19.17 % - - -
Fund Balance:
Beginning Balance on July 1 109,522,919 $ 109,522,919 $ 91,561,603 $ 17,961,316 $ 19.62 Revenues 19,042,997 28,281,583 27,839,694 441,889 (5) 1.59 Interfund Transfers-in 729,501 915,269 1,018,999 (103,730) (10.18) Total Revenues & Transfers-in 19,772,498 29,196,852 28,858,693 338,159 1.17 Expenditures 22,090,387 25,913,196 28,246,144 2,332,948 (6) (8.26) Interfund Transfers-out 200 422,298 404,079 (18,219) 4.51 Total Expenditures & Transfers-out 22,090,587 26,335,494 28,650,223 2,314,729 (8.08) Total Fund Balance 107,204,830$ 112,384,277 $ 91,770,073 $ 20,614,204 $ 22.46 % (1)
(2)
(3)
(4)
(5)
(6)
Liabilities and Fund Balance:
The restricted fund balance includes $7.4m PARS Trust balance, $0.5m economic development loans, and $0.2.m CASp fee.
City of Camarillo
General Fund
Comparative Balance Sheet
December 31, 2024 and January 31, 2025, and January 31, 2024 - Preliminary Year over Year
Accounts payable and Wages payable increase/decrease is due to normal fluctuations during the fiscal year, along with timing of payments.
The deposit and deferred revenues has a net decrease of $2m due to ARPA funds being spent in prior fiscal year.
Year-to-date expenditures decreased by $2.3m primarily due to ISF consolidation of Facilities to the General Fund in the prior fiscal year.
Year-to-date revenues decreased by $0.4m compared to prior fiscal year, which includes a decrease of $1m in Development Services and $0.3 in State Grants, offset by increase of $0.9m in Property Taxes.
Pursuant to GASB 54, City Council adopted a Resolution committing $88.0m of the General Fund Balance for the fiscal year ending June 30, 2024 as listed in the table below: