Preliminary Preliminary Final
April May May Positive Increase
2025 2025 2024 (Negative) (Decrease)
Assets:
Cash and investments 114,891,846$ 110,717,223$ 109,126,294$ 1,590,929$ 1.46 % Restricted cash 8,000,348 8,000,348.00 7,620,587.00 379,761 4.98 Accounts receivable, net 888,950 1,010,003.00 746,245.00 263,758 (1) 35.34 Due from other funds - - 18,665.00 (18,665) (2) (100.00) Prepaid items 657,339 297,979.00 323,957.00 (25,978) (8.02) Deposits 125,000 125,000.00 125,000.00 - - Total Assets 124,563,483$ 120,150,553$ 117,960,748$ 2,189,805$ 1.86 % Liabilities:
Accounts payable 10,832$ 10,103$ 158$ 9,945$ (3) 6,294.30 % Wages & payroll taxes payable 158,283 297,167 258,438 38,729 14.99 Deposit & deferred revenues 2,601,946 2,606,612 4,615,495 (2,008,883) (4) (43.52) Total Liabilities 2,771,061 2,913,882 4,874,091 (1,960,209) (40.22) Fund Balance:
Nonspendable 782,339 422,979 448,957 (25,978) (5.79) Restricted 8,211,408 8,208,583 (5) 7,796,160 412,423 5.29 Committed 88,036,791 88,036,791 (6) 71,360,064 16,676,727 23.37 Assigned 4,229,740 3,498,128 3,561,440 (63,312) (1.78) Unassigned 20,532,144 17,070,190 29,920,036 (12,849,846) (42.95) Total Fund Balance 121,792,422 117,236,671 113,086,657 4,150,014 3.67 Total Liabilities and Fund Balance 124,563,483$ 120,150,553$ 117,960,748$ 2,189,805$ 1.86 % - - -
Fund Balance:
Beginning Balance on July 1 109,522,919$ 109,522,919$ 91,561,603 $ 17,961,316$ 19.62 Revenues 50,711,646 50,976,353 50,453,555 522,798 (7) 1.04 Interfund Transfers-in 1,395,695 1,395,695 10,363,339 (8,967,644) (86.53) Total Revenues & Transfers-in 52,107,341 52,372,048 60,816,894 (8,444,846) (13.89) Expenditures 39,416,238 44,236,696 38,899,190 (5,337,506) (8) 13.72 Interfund Transfers-out 421,600 421,600 392,650 (28,950) 7.37 Total Expenditures & Transfers-out39,837,838 44,658,296 39,291,840 (5,366,456) 13.66 Total Fund Balance 121,792,422$ 117,236,671$ 113,086,657$ 4,150,014 $ 3.67 % (1)
(2)
(3)
(4)
(5)
(6)
(7)
(8) Year-to-date expenditures increased by $5.4m primarily due to increases of $2m in Public Safety, $1.6m General Government, and $1.8m in Public Workds & Community Services.
Year-to-date revenue increased by $0.5m compared to prior fiscal year, which includes an increase of $1.2m in Property taxes and a decrease of $0.7m in Sales 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:
Liabilities and Fund Balance:
The Restricted fund balance includes $7.4m PARS Trust balance, $0.6m economic development loans, and $0.2.m CASp fee.
City of Camarillo
General Fund
Comparative Balance Sheet
April 30 and May 31, 2025, and May 31, 2024 - Preliminary Year over Year
Accounts receivable increase is due to two new PLHA Loan distributions, along with normal fluctuations during the fiscal year.
Accounts payable increase is due to higher contract retention payable in currect fiscal year, along with normal fluctuations during the fiscal year.
Due from other funds decrease is due to the full repayment of the General Fund loan to CDBG Fund.
The Deposit and deferred revenues has a net decrease of $2m due to ARPA funds being spent in prior fiscal year.