Preliminary Preliminary Final
December January January Positive Increase
2025 2026 2025 (Negative) (Decrease)
Assets:
Cash and investments 105,859,970$ 109,235,520$ 106,148,740$ 3,086,780$ 2.91 % Restricted cash 8,776,416 8,776,416 8,060,831 715,585 8.88 Accounts receivable, net 1,727,874 1,707,762 942,002 765,760 (1) 81.29 Prepaid items 1,536,820 1,294,005 1,336,292 (42,287) (3.16) Deposits 125,000 125,000 125,000 - - Total Assets 118,026,080$ 121,138,703$ 116,612,865$ 4,525,838$ 3.88 % Liabilities:
Accounts payable 60,828$ 11,782$ 10,047$ 1,735$ (2) 17.27 % Wages & payroll taxes payable 17,961 659,043 10,744 648,299 (3) 6,034.06 Deposit & deferred revenues 538,596 531,986 2,598,846 (2,066,860) (4) (79.53) Total Liabilities 617,385 1,202,811 2,619,637 (1,416,826) (54.08) Fund Balance:
Nonspendable 1,661,820 1,419,005 1,461,292 (42,287) (2.89) Restricted 8,996,868 9,009,319 (5) 8,282,086 727,233 8.78 Committed 89,888,913 89,888,913 (6) 88,036,791 1,852,122 2.10 Assigned 5,620,821 5,576,574 6,310,709 (734,135) (11.63) Unassigned 11,240,273 14,042,081 9,902,350 4,139,731 41.81 Total Fund Balance 117,408,695 119,935,892 113,993,228 5,942,664 5.21 Total Liabilities and Fund Balance 118,026,080$ 121,138,703$ 116,612,865$ 4,525,838$ 3.88 % - - -
Fund Balance:
Beginning Balance on July 1 119,045,316$ 119,045,316$ 109,522,919$ 9,522,397 $ 8.69 Revenues 21,277,740 29,411,343 29,510,878 (99,535) (7) (0.34) Interfund Transfers-in 875,045 875,045 1,102,859 (227,814) (20.66) Total Revenues & Transfers-in 22,152,785 30,286,388 30,613,738 (327,349) (1.07) Expenditures 23,374,506 28,980,912 25,733,129 (3,247,783) (8) 12.62 Interfund Transfers-out 414,900 414,900 410,300 (4,600) 1.12 Total Expenditures & Transfers-out23,789,406 29,395,812 26,143,429 (3,252,383) 12.44 Total Fund Balance 117,408,695$ 119,935,892$ 113,993,228$ 5,942,664 $ 5.21 % (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
(7)
(8) Year-to-date expenditures increased by $3.2m compared to prior fiscal year primarily due to an increase of $1.0m in Public Safety, $0.9m in General Government, $0.9m in Public Works, $0.2m in Cultural, Arts & Leisure, and $0.2m in Community Services.
Unfunded Accrued Liability PRSP Trust Fund 1,400,000
Total Commitment $89,888,913
Year-to-date revenue is comparable to prior fiscal year.
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 $89.9m of the General Fund balance for the fiscal year ending June 30, 2025 as listed in the table below:
GASB 54 Commitment of Fund Balance
Remaining @
1/31/2026
31,683,913$
Camarillo Springs Debris Barrier Remediation Maintenance 200,000 The Restricted fund balance includes $8.3m PARS Trust balance, $0.5m economic development loans, and $0.2m CASp fee.
Liabilities and Fund Balance:
Wages & payroll taxes payable is higher than prior fiscal year primarily due to timing of when payroll and payroll related liabilities are recorded.
City of Camarillo
General Fund
Comparative Balance Sheet
December 31, 2025 and January 31, 2026, and January 31, 2025 - Preliminary Year over Year
Accounts receivable is higher than prior fiscal year primarily due to Permanent Local Housing Allocation (PLHA) loan distributions to qualified local residents, along with normal fluctuations during the fiscal year.
Accounts payable is higher than prior fiscal year primarily due to higher contract retention payable in current fiscal year, along with normal fluctuations during the fiscal year.
The Deposit and deferred revenues has a net decrease of $2.1m due to remaining ARPA funds being fully spent in prior fiscal year.