Camarillo City Council
AGENDA REPORT
Date: August 27, 2025
To: Honorable Mayor and City Councilmembers
From: Greg Ramirez, City Manager
Submitted by: Mark Uribe, Finance Director
Subject: Revenue & Expenditure Report for July 2025
BACKGROUND
Pursuant to the City’s Fiscal Management Policy 3.01, a monthly Revenue and Expenditure Report detailing the City’s financial status including revenues, expenditures, transfers in/out, and the projected fund balance/net position by Governmental and Proprietary Funds, will be provided to City Council for review.
DISCUSSION
The “Current Budget” column pertains to the current fiscal year (FY) budget that has been adopted and includes adjustments approved by City Council in June 2025. The “Actual Year-to-Date” column presents the cumulative year to date revenues received and expenditures incurred for the current fiscal year. And lastly, the “Percentage of Budget” column calculates the percentage of Actual Year-to-Date activity compared to the Current Budget.
The percentage of the current fiscal year elapsed is 8% at July 2025. Please note revenues are not received, and expenditures are not paid uniformly throughout the fiscal year. Also note, revenues are often billed and reimbursed in arrears. Certain main revenue sources are received in two lump-sums during the fiscal year, such as Property Taxes which are received in December and April, while other revenue is received after grants are approved and funds have been spent.
Notable percentages are as follows:
General Fund
•Actual revenues for Franchise Taxes (0% of budgeted amount) are normally received quarterly or annually in April.
Revenue & Expenditure Report
August 27, 2025
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•Actual revenues for Special Assessments (0% of budgeted amount) for FY 2025/26 will be received in September 2026 and accrued back to the current fiscal year.
•Actual expenditures for Police Grants (0% of the budgeted amount) are due to no expenditures incurred during this month. The projects remain on track, expenditures will resume in the following months.
•Actual expenditures for Building & Safety (0% of budgeted amount) are under budget due to the timing when the City is billed for Building & Safety services and when these invoices are recorded. There is a two-month lag from when services are billed by the consultant.
•Transfers out of the General Fund are analyzed and recorded at the end of the fiscal year.
Special Revenue Funds (Development Fees)
•Transfers out of the Development Fees funds are comprised of Capital Improvement Project funding adjustments that have yet to be recorded at the time this report was prepared.
Capital Projects Funds
•Actual revenues for Capital Improvement Projects are mainly comprised of grant revenues received from Los Angeles – San Diego – San Luis Obispo (LOSSAN) Rail Corridor Agency and Congestion Mitigation and Air Quality (CMAQ) Program, which are based on when grant-eligible expenses are incurred and reimbursed. •Actual expenditures for the Capital Improvement Projects fund accounts for (0.02% of its budgeted amount) as the costs of Capital Improvement projects dependent on project progression.
•Due to the timing of this report all transfers in and out have not yet been recorded.
Other Governmental Funds
•Due to the timing of this report transfers in and out have not yet been recorded.
Enterprise Funds
•Actual revenues for the Solid Waste fund are (93.40% of budgeted amount) due to the timing of year-end accounting entries.
•Due to the timing of this report, transfers in and out have not yet been recorded.
Revenue & Expenditure Report
August 27, 2025
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The report for July is preliminary due to the timing of when the report is prepared versus when the reporting month closes.
FISCAL IMPACT
There is no budget impact as a result of this action.
RECOMMENDATION
Receive and file report.
ATTACHMENTS
1. Revenue & Expenditure Report for July 2025 - Preliminary REFERENCE MATERIALS – AVAILABLE FOR REVIEW AT CITY HALL None