Preliminary Preliminary Final
January February February Positive Increase
2025 2026 2025 (Negative) (Decrease)
Assets:
Cash and investments 108,974,813$ 108,038,467$ 105,577,714$ 2,460,753$ 2.33 % Restricted cash 8,908,817 8,908,817 8,121,071 787,746 9.70 Accounts receivable, net 1,703,460 1,726,606 1,060,088 666,518 (1) 62.87 Prepaid items 1,294,005 1,047,221 1,113,054 (65,833) (5.91) Deposits 125,000 125,000 125,000 - - Total Assets 121,006,095$ 119,846,111$ 115,996,927$ 3,849,184$ 3.32 % Liabilities:
Accounts payable 512,266$ 19,717$ 5,767$ 13,950$ (2) 241.90 % Wages & payroll taxes payable 170,016 675,137 290,477 384,660 (3) 132.42 Deposit & deferred revenues 532,050 531,475 2,602,079 (2,070,604) (4) (79.57) Total Liabilities 1,214,332 1,226,329 2,898,323 (1,671,994) (57.69) Fund Balance:
Nonspendable 1,419,005 1,172,221 1,238,054 (65,833) (5.32) Restricted 9,141,720 9,139,564 (5) 8,342,326 797,238 9.56 Committed 89,888,913 89,888,913 (6) 88,036,791 1,852,122 2.10 Assigned 5,079,161 4,634,780 5,764,143 (1,129,363) (19.59) Unassigned 14,262,964 13,784,304 9,717,290 4,067,014 41.85 Total Fund Balance 119,791,763 118,619,782 113,098,604 5,521,178 4.88 Total Liabilities and Fund Balance 121,006,095$ 119,846,111$ 115,996,927$ 3,849,184$ 3.32 % - - -
Fund Balance:
Beginning Balance on July 1 119,045,316$ 119,045,316$ 109,522,919$ 9,522,397 $ 8.69 Revenues 29,665,102 32,903,801 32,738,154 165,647 (7) 0.51 Interfund Transfers-in 1,019,076 1,019,076 1,256,443 (237,367) (18.89) Total Revenues & Transfers-in 30,684,178 33,922,877 33,994,598 (71,720) (0.21) Expenditures 29,522,831 33,933,511 30,008,613 (3,924,898) (8) 13.08 Interfund Transfers-out 414,900 414,900 410,300 (4,600) 1.12 Total Expenditures & Transfers-out29,937,731 34,348,411 30,418,913 (3,929,498) 12.92 Total Fund Balance 119,791,763$ 118,619,782$ 113,098,604$ 5,521,178 $ 4.88 % (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 $3.9m compared to prior fiscal year primarily due to an increase of $1.3m in Public Safety, $1.0m in Public Works, $0.9m in General Government, $0.5m 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 $89.9m of the General Fund balance for the fiscal year ending June 30, 2025 as listed in the table below:
GASB 54 Commitment of Fund Balance
Remaining @
2/28/2026
31,683,913$
Camarillo Springs Debris Barrier Remediation Maintenance 200,000 The Restricted fund balance includes $8.4m 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
January 31 and February 28, 2026, and February 28, 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.