Preliminary Preliminary Final
August September September Positive Increase
2025 2025 2024 (Negative) (Decrease)
Assets:
Cash and investments 104,025,455$ 102,551,382$ 98,903,309$ 3,648,073$ 3.69 % Restricted cash 8,324,586 8,337,378 8,008,971 328,407 4.10 Accounts receivable, net 1,863,611 1,596,378 1,128,372 468,006 (1) 41.48 Due from other funds - - 20,780 (20,780) (2) (100.00) Prepaid items 2,630,180 2,379,653 2,358,504 21,149 0.90 Deposits 125,000 125,000 125,000 - - Total Assets 116,968,832$ 114,989,791$ 110,544,936$ 4,444,855$ 4.02 % Liabilities:
Accounts payable 735,734$ 127,596$ 112,924$ 14,672$ (1) 12.99 % Wages & payroll taxes payable 174,993 23,662 708,680 (685,018) (3) (96.66) Deposit & deferred revenues 538,208 538,714 2,685,705 (2,146,991) (4) (79.94) Total Liabilities 1,448,935 689,972 3,507,309 (2,817,337) (80.33) Fund Balance:
Nonspendable 2,755,180 2,504,653 2,483,504 21,149 0.85 Restricted 8,491,734 8,550,918 (5) 8,198,834 352,084 4.29 Committed 89,888,913 89,888,913 (6) 88,036,791 1,852,122 2.10 Assigned 8,494,706 8,348,007 7,616,787 731,220 9.60 Unassigned 5,889,364 5,007,328 701,711 4,305,617 613.59 Total Fund Balance 115,519,897 114,299,819 107,037,627 7,262,192 6.78 Total Liabilities and Fund Balance 116,968,832$ 114,989,791$ 110,544,936$ 4,444,855$ 4.02 % - - -
Fund Balance:
Beginning Balance on July 1 119,009,245$ 119,045,315$ 109,522,919$ 9,522,396 $ 8.69 Revenues 1,366,642 3,957,713 5,776,671 (1,818,958) (7) (31.49) Interfund Transfers-in - 172,003 371,268 (199,265) (53.67) Total Revenues & Transfers-in 1,366,642 4,129,716 6,147,940 (2,018,223) (32.83) Expenditures 4,855,990 8,875,212 8,632,832 (242,380) (8) 2.81 Interfund Transfers-out - - 400 400 (100.00) Total Expenditures & Transfers-out4,855,990 8,875,212 8,633,232 (241,980) 2.80 Total Fund Balance 115,519,897$ 114,299,819$ 107,037,627$ 7,262,192 $ 6.78 % (1)
(2)
(3)
(4)
(5)
(6)
Authorized @
6/30/2025
Reserve Level Policy - Council Goal of 50% 31,683,913$
200,000
3,800,000
5,400,000
14,405,000
15,000,000
10,000,000
8,000,000
1,400,000
$89,888,913
(6)
(7) Year-to-date expenditures are comparable to prior fiscal year.
Unfunded Accrued Liability PRSP Trust Fund 1,400,000
Total Commitment $89,888,913
Year-to-date revenue decreased by $1.8m compared to prior fiscal year primarily due to decreases of $0.4m in Contributions and $1.1m in Investment Earnings (due to timing of when investment income is recorded).
Loan to Water Utility 15,000,000
Natural Disaster Recovery 10,000,000
Pleasant Valley Recreation & Park District (Senior Center) 8,000,000 Continuum of Care 3,800,000
Economic Development 5,400,000
Facility Improvement Projects 14,405,000
Pursuant to GASB 54, City Council adopted a Resolution committing $89.9m of the General Fund Balance for the fiscal year ending June 30, 2025 as listed in the table below:
GASB 54 Commitment of Fund Balance
Remaining @
7/31/2025
31,683,913$
Camarillo Springs Debris Barrier Remediation Maintenance 200,000 The Restricted fund balance includes $7.9m PARS Trust balance, $0.4m economic development loans, and $0.2m CASp fee.
Liabilities and Fund Balance:
The Deposit and deferred revenues has a net decrease of $2.1m due to ARPA funds being spent in prior fiscal year.
City of Camarillo
General Fund
Comparative Balance Sheet
August 31 and September 30, 2025, and September 30, 2024 - Preliminary Year over Year
Accounts receivable is higher than prior fiscal year due to normal fluctuation throught the year and due to timing of when year-end accruals are recorded.
Due from other funds decrease is due to the full repayment of the General Fund loan to CDBG Fund.
Wages & payroll taxes payable is lower due to timing of when payroll and payroll related liabilities are recorded.