Preliminary Preliminary Final
March April April Positive Increase
2026 2026 2025 (Negative) (Decrease)
Assets:
Cash and investments 107,159,682 $ 110,164,847$ 114,891,846$ (4,726,999) $ (4.11) % Restricted cash 8,727,595 8,727,595 8,000,348 727,247 9.09 Accounts receivable, net 1,577,635 1,574,194 888,950 685,244 (1) 77.08 Prepaid items 798,215 443,892 657,339 (213,447) (2) (32.47) Deposits 125,000 125,000 125,000 - - Total Assets 118,388,127$ 121,035,528$ 124,563,483$ (3,527,955)$ (2.83) % Liabilities:
Accounts payable 12,319 $ 11,997$ 10,831$ 1,166 $ (3) 10.77 % Wages & payroll taxes payable 15,874 631,783 158,283 473,500 (4) 299.15 Deposit & deferred revenues 533,475 529,644 2,601,946 (2,072,302) (5) (79.64) Total Liabilities 561,668 1,173,424 2,771,060 (1,597,636) (57.65) Fund Balance:
Nonspendable 923,215 568,892 782,339 (213,447) (27.28) Restricted 8,955,850 8,967,134 (6) 8,221,603 745,531 9.07 Committed 89,888,913 89,888,913 (7) 88,036,791 1,852,122 2.10 Assigned 4,282,315 3,873,881 4,229,740 (355,859) (8.41) Unassigned 13,776,166 16,563,284 20,521,950 (3,958,666) (19.29) Total Fund Balance 117,826,459 119,862,104 121,792,423 (1,930,319) (1.58) Total Liabilities and Fund Balance 118,388,127$ 121,035,528$ 124,563,483$ (3,527,955)$ (2.83) % - - -
Fund Balance:
Beginning Balance on July 1 119,045,316$ 119,045,316$ 109,522,919$ 9,522,397 $ 8.69 Revenues 36,356,322 43,607,263 50,711,643 (7,104,380) (8) (14.01) Interfund Transfers-in 1,167,781 1,167,781 1,395,695 (227,914) (16.33) Total Revenues & Transfers-in 37,524,103 44,775,044 52,107,339 (7,332,294) (14.07) Expenditures 38,327,760 43,543,056 39,415,135 (4,127,921) (9) 10.47 Interfund Transfers-out 415,200 415,200 422,700 7,500 (1.77) Total Expenditures & Transfers-out38,742,960 43,958,256 39,837,835 (4,120,421) 10.34 Total Fund Balance 117,826,459$ 119,862,104$ 121,792,423$ (1,930,319) $ (1.58) % (1)
(2)
(3)
(4)
(5)
(6)
(7)
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
(8)
(9) Year-to-date expenditures increased by $4.1m compared to prior fiscal year primarily due to an increase of $1.3m in General Government, $1.1m in Public Safety, $1.1m in Public Works, $0.5m 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 $7.1m compared to the prior fiscal year, primarily due to a $7.6m decrease in State Grants offset by an increase of $0.5m in Investment Earnings. The reduction in State Grants reflects a multi-year grant for which the full $7.3m 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 $89.9m of the General Fund balance for the fiscal year ending June 30, 2025 as listed in the table below:
GASB 54 Commitment of Fund Balance
Remaining @
4/30/2026
31,683,913$
Camarillo Springs Debris Barrier Remediation Maintenance 200,000 The Restricted fund balance includes $8.2m 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
March 31 and April 30, 2026, and April 30, 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.
Prepaid items are lower than prior fiscal year primarily due to timing of when PERS prepayment was applied.