City of Camarillo
General Fund
Comparative Balance Sheet
July 31 and August 31, 2025, and August 31, 2024 - Preliminary Preliminary Preliminary Final Year over Year
July August August Positive Increase
2025 2025 2024 (Negative) (Decrease)
Assets:
Cash and investments $ 106,003,445 $ 104,025,455 $ 98,632,761 $ 5,392,694 5.47 % Restricted cash 8,275,370 8,324,586 7,895,256 429,330 5.44 Accounts receivable, net 1,348,254 1,863,611 1,167,053 696,558 (1) 59.69 Due from other funds 20,780 (20,780) (2) (100.00)
Prepaid items 2,783,248 2,630,180 2,579,745 50,435 1.96 Deposits 125,000 125,000 125,000
Total Assets $ 118.535,317 116,968,832 $ 110.420,595 $ 6,548,237 5.93% Liabilities and Fund Balance:
Liabilities:
Accounts payable $ 68,12 $ 735,734 $ 59,430 $ 676,304 (1) 1,137.98 % Wages & payroll taxes payable 73,54 174,993 999,695 (824,702) (3) (82.50) Deposit & deferred revenues 2,601,485 538,208 2.687,337 (2,149,129) (4) (79.97) Total Liabilities 2,943,151 1,448,935 3,746,462 (2,297,527) (61.33) Fund Balance:
Nonspendable 2,908,248 2,755,180 2,704,745 50,435 1.86
Restricted 8,493,970 8,540,950 (5) 8,085,119 455,831 5.64 Committed 89.888.913 89.888.913 (6) 88,036,791 1,852,122 2.10 Assigned 6,267,989 8,494,706 5,003,710 3,490,996 69.77
Unassigned 8,033,046 5,840,148 2,843,768 2,996,380 105.37 Total Fund Balance 115,592,166 115.519.897 106.674.133 8,845,764 8.29 Total Liabilities and Fund Balance $ 118,535,317 $ 116,968,832 $ 110,420,595 $ 6,548,237 5.93 % Fund Balance:
Beginning Balance on July 1 $ 113,509,293 119,009,245 $ 109,522,919 $ 9,486,326 8.66 Revenues 3,091,607 1,366,642 1,803,502 (436.860) (7) (24.22) Interfund Transfers-in 187,100 (187,100) (100.00)
Total Revenues & Transfers-in 3,091,607 1,366,642 1,990,603 (623,960) (31.35) Expenditures 1,008,734 4,855,990 4.838.989 (17,001) (8) 0.35 Interfund Transfers-out 400 400 (100.00)
Total Expenditures & Transfers-out 1,008,734 4,855,990 4,839,389 (16,601) 0.34 Total Fund Balance : $ 115,592,166 115,519,897 $ 106,674,133 8,845,764 8.29 % (1) Accounts receivable/payable are higher than prior fiscal year due to timing of when year-end accruals are recorded. (2) Due from other funds decrease is due to the full repayment of the General Fund loan to CDBG Fund. (3) Wages & payroll taxes payable is lower due to timing of when payroll is recorded. (4) The Deposit and deferred revenues has a net decrease of $2. 1m due to ARPA funds being spent in prior fiscal year. (5) The Restricted fund balance includes $7.9m PARS Trust balance, $0.4m economic development loans, and $0.2m CASp fee. (6) Pursuant to GASB 54, City Council adopted a Resolution committing $89.9m of the General Fund Balance for the fiscal year ending June 30, 202:
Authorized @ Remaining @
GASB 54 Commitment of Fund Balance 6/30/2025 7/31/2025
Reserve Level Policy - Council Goal of 50% 31,683,913 $ 31,683,913 Camarillo Springs Debris Barrier Remediation Maintenance 200,000 200,000 Continuum of Care 3,800,000 3,800,000
Economic Development 5,400,000 5,400,000
Facility Improvement Projects 14,405,000 14,405,000
Loan to Water Utility 15,000,000 15,000,000
Natural Disaster Recovery 10,000,000 10,000,000
Pleasant Valley Recreation & Park District (Senior Center) 8,000,000 8,000,000 Unfunded Accrued Liability PRSP Trust Fund 1,400,000 1,400,000 Total Commitment $89,888,913 S89,888,913
(7) Year-to-date revenue decreased by $0.4m compared to prior fiscal year includes a decrease of $0.3m in Contributions, $O.08m in Charges for Services, $0.04m in Business & Franchise Taxes, and $0.02 in Fines & Penalties. (8) Year-to-date expenditures are comparable to prior fiscal year.