Camarillo City Council
AGENDA REPORT
Date: December 10, 2025
To: Honorable Mayor and City Councilmembers
From: Greg Ramirez, City Manager
Submitted by: Mark Uribe, Finance Director
Subject: Revenue & Expenditure Report for October 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 33% at October 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 Property Taxes represent 0.80% of the budgeted amount, which is expected at this time in the year. Property tax revenues are typically received in installments, with the majority of collections occurring in December and April, aligning with the established due dates for property tax payments.
Revenue & Expenditure Report
December 10, 2025
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Actual revenues for Franchise Taxes (1.55% of budgeted amount) include solid waste taxes and other Franchise taxes and are normally received quarterly or annually in April.
Actual revenues for Special Assessments (0% of budgeted amount) are Stormwater benefit assessment fees that the City will receive in September 2026 and accrued back to the current fiscal year.
Actual revenues for Contributions and developer fees (2.09% of budgeted amount) are collected throughout the year and are dependent on state grants received for the library, as well as development fees, which vary based on the timing and progress of development activity. The receipt of these revenues can fluctuate significantly depending on project schedules.
Actual expenditures for Capital Improvement Projects (CIP) Administration (53.88% of budgeted amount) include allocating staff time and related costs to on- going projects. Additionally, October allocations have not yet been recorded as of the date this report was prepared. The allocation of less staff time than anticipated to active projects is consistent with the nature of project activity, which fluctuates throughout the fiscal year.
Actual expenditures for Police Grants (15.62% of budgeted amount) are due to timing of police grant program activities.
Transfers in/out of the General Fund are analyzed and recorded at the end of the fiscal year.
Special Revenue Funds (Maintenance Districts)
Maintenance Districts revenues are dependent on the timing the County distributes property tax apportionments to the City. The majority of revenue is received annually in December and April.
Special Revenue Funds (Development Fees)
Actual revenues for Development Fees funds are mainly comprised of investment earnings which are recorded quarterly and have yet to be recorded at the time this report was prepared.
Transfers out of the Development Fees funds comprise 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) Revenue & Expenditure Report
December 10, 2025
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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 6.51% of its budgeted amount as the costs of Capital Improvement projects are not uniformly spent throughout the fiscal year and are dependent on project progression.
Actual expenditures for the Camarillo Corridor Projects Area fund are mainly comprised of administrative fees that are not uniformly spent throughout the fiscal year.
Actual expenditures for the Low-Moderate Income Housing Asset fund are mainly comprised by administrative and legal fees that are not uniformly spent throughout the fiscal year.
Transfers in/out have yet to be recorded at the time this report was prepared.
Other Governmental Funds
Actual revenues for SB125 are typically received in January; therefore, funds have not been received at the time this report was prepared. Actual revenues for TDA 8(a) and TDA 8(c) funding will begin to be received in monthly installments beginning in November. Annual TDA 3 funding has been fully received for this fiscal year.
Actual revenues for the Air Quality Fund (4,210.87% of its budgeted amount) account for received payment for Air Quality Fee related to the new Costco fuel station that is currently in development.
Actual revenues for CDBG funding are dependent on the timing when grant reimbursement requests are submitted and approved.
Actual revenues for the Library Special Revenue Fund consist of annual cash contributions from two donors, which had not been received at the time this report was prepared.
Actual revenues for Cable PEG Fees are earned quarterly and normally received by the City in the months of November, February, May, and August. Actual expenditures for the CDBG fund (3.57% of its budgeted amount) account for payments to all eligible non-profit organizations for costs incurred through October 2025.
Revenue & Expenditure Report
December 10, 2025
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Actual expenditures for all Other Government Funds are dependent on the timing of when the City’s consultants invoice the City for services along with when debt service is paid, which is annually in December.
Transfers in and out of the Other Government Funds are analyzed and recorded at the end of the fiscal year.
Enterprise Funds
Actual revenues for the Transit fund (2.68% of its budgeted amount) are not received uniformly throughout the year and they are dependent on grant reimbursement payments received.
Actual revenues for the Reclaimed Water fund are (57.16% of budgeted amount) which is due to the recent water rate increase (24%) that was effective July 2025. Actual expenditures for Water Debt Service fund are 630.21% of its budgeted amount due to annual administrative fees of $3,025 paid to the City’s Bond Trustee.
Transfers in/out of the Enterprise Fund are analyzed and recorded at the end of the fiscal year.
Internal Service Funds
Actual expenditures for Risk Management fund are 77.71% of its budgeted amount due to liability insurance policies paid in full at the beginning of the fiscal year.
The report for October 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 October 2025 - Preliminary REFERENCE MATERIALS – AVAILABLE FOR REVIEW AT CITY HALL None