Preliminary Preliminary Final
February March March Positive Increase
2026 2026 2025 (Negative) (Decrease)
Assets:
Cash and investments 107,645,564 $ 105,808,404$ 111,867,859$ (6,059,455) $ (5.42) % Restricted cash 9,058,760 9,058,760 8,037,883 1,020,877 12.70 Accounts receivable, net 1,715,015 1,588,183 924,858 663,325 (1) 71.72 Due from other funds - - - - - Prepaid items 1,047,221 798,215 895,928 (97,713) (10.91) Deposits 125,000 125,000 125,000 - - Total Assets 119,591,560$ 117,378,562$ 121,851,528$ (4,472,966)$ (3.67) % Liabilities:
Accounts payable 51,262 $ 12,319$ 9,555 $ 2,764 $ (2) 28.93 % Wages & payroll taxes payable 171,372 15,874 4,521 11,353 (3) 251.12 Deposit & deferred revenues 531,475 533,259 2,606,242 (2,072,983) (4) (79.54) Total Liabilities 754,109 561,452 2,620,318 (2,058,866) (78.57) Fund Balance:
Nonspendable 1,172,221 923,215 1,020,928 (97,713) (9.57) Restricted 9,289,507 9,287,015 (5) 8,259,138 1,027,877 12.45 Committed 89,888,913 89,888,913 (6) 88,036,791 1,852,122 2.10 Assigned 4,661,302 4,282,315 5,069,313 (786,998) (15.52) Unassigned 13,825,508 12,435,652 16,845,040 (4,409,388) (26.18) Total Fund Balance 118,837,451 116,817,110 119,231,210 (2,414,100) (2.02) Total Liabilities and Fund Balance 119,591,560$ 117,378,562$ 121,851,528$ (4,472,966)$ (3.67) % - - -
Fund Balance:
Beginning Balance on July 1 119,045,316$ 119,045,316$ 109,522,919$ 9,522,397 $ 8.69 Revenues 33,043,989 35,315,296 43,626,162 (8,310,866) (7) (19.05) Interfund Transfers-in 1,167,781 1,167,781 1,395,695 (227,914) (16.33) Total Revenues & Transfers-in 34,211,770 36,483,077 45,021,858 (8,538,780) (18.97) Expenditures 34,004,435 38,296,083 34,890,867 (3,405,216) (8) 9.76 Interfund Transfers-out 415,200 415,200 422,700 7,500 (1.77) Total Expenditures & Transfers-out34,419,635 38,711,283 35,313,567 (3,397,716) 9.62 Total Fund Balance 118,837,451$ 116,817,110$ 119,231,210$ (2,414,100) $ (2.02) % (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 $3.4m compared to prior fiscal year, primarily due to an increase of $1.0m in General Government, $1.0m in Public Works, $0.6m in Public Safety, $0.6m in Cultural, Arts & Leisure, and $0.1m in Community Services.
Unfunded Accrued Liability PRSP Trust Fund 1,400,000
Total Commitment $89,888,913
Year-to-date revenue decreased by $8.3 million compared to the prior fiscal year, primarily due to a $1.0 million decline in Sales Taxes and a $7.3 million decrease in State Grants. The reduction in State Grants reflects a multi-year grant for which the full $7.3 million award was received in advance during the 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 $89.9m of the General Fund balance for the fiscal year ending June 30, 2025 as listed in the table below:
GASB 54 Commitment of Fund Balance
Remaining @
3/31/2026
31,683,913$
Camarillo Springs Debris Barrier Remediation Maintenance 200,000 The Restricted fund balance includes $8.6m 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
February 28 and March 31, 2026, and March 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.