Budget Workshop
Fiscal Year 2026/27
City Council/Camarillo Sanitary District Board
June 10, 2026
Agenda
2 v Budget Overview
• Citywide Summary
• General Fund
• Water
• Sanitary
• Community Funding
• CIP
v Pension Funding Status
City Council
Budget Adoption
6/24/26
Timeline
3 New Fiscal Year
2026/27
7/1/26
2026
Budget Kickoff
12/18/25
Strategic Plan/City Council Goals
& Objectives
Session 1
5/13/26
Strategic Plan/City Council Goals
& Objectives
Session 2
6/10/26
City Council
Budget Workshop
6/10/26
TODAY
4 Budget Overview
• Healthy General Fund Reserves
ü With Strategic Commitments
• A slowing economy, more cautious consumer spending
• Inflation 3.7% (April CPI)
• Upcoming new revenue streams expected to offset the economic slowdown 5 FY 2025/26 Economic Update
Citywide Summary
6 General Fund, $62.2M
Water, $27.1M
Sanitary, $25.7M
Capital Funds, $17.3M
Internal Service,
$14.0M
Special Revenue
Funds, $9.4M
Transit,
Solid Waste, $0.9M
Debt Service, $0.5M
Camarillo Ranch, $0.5M
FY 2026/27
Proposed
Budget
By Fund
$161.6
Million
*Excludes Transfers 7
Taxes, $56.5M
Charges for
Services, $54.1M
Grants &
Subventions,
$15.7M
Internal Charges,
$13.2M
Investment
Licenses & Permits,
$2.0M
Fines/Assessments,
$1.2M
Other Revenues, $1.1M
FY 2026/27
Proposed
Budget – All
Funds
Revenues by Category
8 $153.2
Million
*Excludes Transfers
FY 2026/27
Proposed
Budget – All
Funds
Expenditures by
Category
9 $161.6
Million
*Excludes Transfers
Operational Charges,
$80.4M
Salaries and Benefits,
$40.0M
CIP, $25.6M
Internal Service
Charges, $14.1M
Capital Purchases, $1.5M
General Fund
10 Taxes, $49.1M
Investments-
Contributions, $4.0M
Charges for Services, $2.3M
Licenses & Permits,
$2.0M
Internal Charges, $0.9M
Fines/Assessments, $0.6M
Grants & Subventions, $0.6M
Other Revenues, $0.1M
11 FY 2026/27 Proposed Budget – GF Rev
#REF!, $0.0M#REF!, $0.0M
#REF!, $0.0M##REF!, $0.0M
Property Taxes,
$23.2M
Sales Taxes,
$18.8M
Transient Occupancy Tax, $3.3M
Franchise Tax, $2.0M
Business Tax, $1.7M
$59.5
Million
FY 2026/27
Proposed
Budget –
General Fund
By Category
12 $62.2
Million
*Excludes Transfers
Operational
Charges, $39.2M
Salaries and
Benefits, $17.3M
Internal Service
Charges, $5.7M
13 FY 2026/27 General Fund GASB 54 Commitments
General Fund Commitment FY 2026/27
Commitments
Council Reserve Policy Goal 30,953,526
Economic Development 5,400,000
Natural Disaster Recovery 10,000,000
Camarillo Springs Debris Remediation 200,000
PVRPD Senior Center 8,000,000
Facility Improvement Projects 16,905,000
Information Technology Reserve 5,000,000
Continuum of Care 3,800,000
Loan to Water Utility 15,000,000
Total Committed Fund Balance 95,258,526
14 FY 2026/27 General Fund 5-Year Forecast
FY 2025/26 FY 2026/27 FY 2027/28 FY 2028/29 FY 2029/30 FY 2030/31 $0M
$20M
$40M
$60M
$80M
$100M
$120M
$60.1M
$62.3M $65.4M $66.0M $68.2M $69.7M
Ending Unassigned Fund Balance Ending Commitment Balance Operating Expenditures and Transfers CIP/Reserved Transfer Out Total Revenues & Transfers
15 FY 2026/27 General Fund 5-Year Forecast
FY 2021/22 FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 FY 2028/29 FY 2029/30 FY 2030/31 $0M
$20M
$40M
$60M
$80M
$100M
$120M
$40.6M $53.3M $57.2M $56.2M $68.0M $71.3M $76.4M $74.1M $71.0M $71.3M $49.2M
$55.5M
$72.4M
$63.7M $60.1M
$62.3M $65.4M $66.0M $68.2M $69.7M
Ending Unassigned Fund Balance Ending Commitment Balance Operating Expenditures and Transfers CIP/Reserved Transfer Out Total Expenditures & Transfers Total Revenues & Transfers Water Funds
16 Charges for
Services, $26.1M
Other Revenues,
$0.8M
Investments-
Contributions, $0.4M
Fines/Assessments,
$0.2M
FY 2026/27
Proposed
Budget –
Water
Revenues
By Category
17 $27.4
Million
FY 2026/27
Proposed
Budget –
Water
Expenditures
By Category
18 $27.1
Million
Operational
Charges, $14.6M
Salaries and
Benefits, $7.2M
Internal Service
Charges, $3.2M
CIP, $1.9M
Capital
Purchases, $0.1M
FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 $-5.0M
$5.0M
$15.0M
$25.0M
$35.0M
$45.0M
$55.0M
$14.5M $15.0M $16.7M $18.8M $19.0M $22.0M $23.9M $24.6M $14.1M $30.4M
$9.2M
$2.1M $1.9M
$3.2M
$8.5M $1.9M$9.9M
$28.6M
$45.5M
$25.9M
$20.9M
$30.8M
$25.2M
$32.5M
$26.5M
Ending cash balance Operational $ CIP Bond Defeasance Revenue History
Water
19 Sanitary Funds
20 Charges for
Services, $24.1M
Investments-
Contributions,
$2.6M
Taxes,
$1.9M
Other Revenues,
$0.2M
Fines/Assessments,
$0.2M
FY 2026/27
Proposed
Budget –
Sanitary
Revenues
By Category
21 $29.0
Million
*Excludes Transfers
FY 2026/27
Proposed
Budget –
Sanitary
Expenditures
By Category
22 $25.7
Million
*Excludes Transfers
Salaries and
Benefits, $9.0M
Operational
Charges, $6.5M
CIP, $6.4M
Internal Service
Charges, $3.6M
Capital Purchases,
$0.3M
History
Sanitary
231 2 3 4 5 6 7 8
$70M
$60M
$50M
$40M
$30M
$20M
$10M
$0M $11.2M $11.5M $11.8M $15.9M $17.8M $16.6M $19.7M $17.8M $0.7M
$2.1M $3.9M
$2.2M
$3.3M $6.1M
$10.8M
$6.7M
$13.1M $14.9M $17.0M
$19.3M
$22.3M $24.0M
$31.0M
$25.7M
Series1 Series2 Series3 Series4 Series6
24 Community Funding
Community Funding
• City Council Policy 1.13 Community Grant Funding
• 2024: Removed maximum amount of funding limit
• 2025: Increased outreach
25 Community Service Grants
FY 2024/25 FY 2025/26 FY 2026/27
$ 160,813
$ 37,000
$ 151,184
$ 180,738
$ 197,813
New Organizations (5)
Past Recipients (14)
26 Community Events
FY 2026/27
FY 2025/26
FY 2024/25
Studio Channel
Islands Art Center
(SCIArt), $ 29,750
Studio Channel
Islands Art Center
(SCIArt), $ 29,750
Studio Channel Islands
Art Center (SCIArt), $
29,750
Camarillo
Ranch
Foundation, $
10,000
Camarillo
Ranch
Foundation, $
10,000
Camarillo Ranch
Foundation, $
10,000
Camarillo Old Town
Association (COTA),
$ 46,608
Camarillo Old Town
Association (COTA),
$ 43,300
Camarillo Old Town
Association (COTA), $
43,300
Camarillo Wings Association, $
59,450
Camarillo Wings Association, $
57,450
Camarillo Wings Association, $
48,467
Meadowlark
Service League,
$ 25,000
Meadowlark
Service League,
$ 20,000
St.
Demetrios
Greek
Orthodox
Church, $
8,000
St. Demetrios
Greek
Orthodox
Church, $
6,000
Pacific Pearl Music
Association (PPMA),
$ 3,400
27 $166,500
$131,517
$182,208
Total Community Funding
28 FY 2024/25 FY 2025/26 FY 2026/27
151,184
180,738 197,813
131,517
166,500
184,208$ 282,701
$ 347,238
$ 382,021
CSG Events
Capital Improvement Projects
29 30
Transportation, $10.3M
Water, $1.9M
Sanitary, $6.3M
Buildings and Grounds,
$6.8M
Information
Technology,
$2.8M
Storm Drainage, $0.3M
$28.3
Million
CIP Funding by Category
Transportation
CIP
Project # Project Title Prioritization
Ranking
FY 2026/27
Budget
% of total
through
Year1
Total Project Costs
(All Years)
SD-5052 Bridge Replacement at Las Posas Road and Ventura Boulevard 1 1,005,876 11% 29,193,962
ST-5088 Annual Resurfacing 2 4,137,099 100% 6,912,316 ST-5108 Annual Resurfacing 2 100,000 7% 4,047,222
ST-5128 Annual Resurfacing 2 200,000 8% 2,600,000
ST-5129 Annual Overlay 2 200,000 8% 2,400,000
ST-5006 Pleasant Valley Road Bike Lanes 4 2,000,000 34% 16,481,460 TS-5174 Adaptive Traffic Signal Project 5 1,725,227 46% 3,725,227 ST-5102 Central Avenue Bike Lane 6 654,025 25% 7,297,998 ST-5066 Las Posas Road Widening to 6 Lanes 7 50,000 1% 20,815,831 ST-5113 Hardscape Improvements and Tree Replacement- Phase 1 8 100,000 19% 1,350,000 ST-12-01 Utility Undergrounding Project - 125,000 100% 274,088 Total $ 10,297,227 $ 95,098,104
0 *Tables only include projects that are budgeted in FY 2026/27. “Prioritization Ranking” column may not show all projects in the sequence if projects are budgeted only in past or future years
Water
CIP
Project # Project Title Prioritization
Ranking
FY 2026/27
Budget
% of total
through
Year1
Total Project
Costs (All
Years)
WT-5080 Advanced Metering Infrastructure 2 200,000 59% 13,196,993 WT-5081 Charter Oak Pump Station Nos. 1 & 2 4 500,000 20% 5,522,424 WT-5101 Well D Treatment and Replacement Well E 5 1,050,000 13% 18,572,436 WT-5044 Replacement of Reservoirs 1 and 2 8 172,961 3% 20,639,224 Total $ 1,922,961 $ 57,931,077
Sanitary
CIP
Project # Project Title Prioritization
Ranking
FY 2026/27
Budget
% of total
through
Year1
Total Project
Costs (All
Years)
SS-5037 Pleasant Valley Road Sewer Force Main 1 1,000,000 7% 27,353,212 SS-5120 Wastewater System Generator Replacement 2 550,000 100% 3,090,858 SS-5119 Water Reclamation Plant Upgrades- Phase II 2 4,250,000 5% 151,751,987 SS-5159 Pump Station Nos. 3 and 5 Improvements 9 200,000 6% 9,200,000 SS-5164 Sludge Pump Station Improvements - 200,000 29% 1,400,000 SS-5150 WRP Clarifier Tanks Coating and Repair - 100,000 14% 2,550,000 Total $ 6,300,000 $ 195,346,057
Buildings and Grounds
CIP
Project # Project Name Prioritization
Ranking
FY 2026/27
Budget
% of total
through Year1
Total Project Cost
(All Years)
CY-5163 Corporation Yard Remodel Phase 1 1 350,000 100% 4,170,000 LB-5143 Library HVAC Equipment Replacement 2 1,850,000 50% 3,730,000 CH-5082 City Hall Renovation 6 2,700,000 12% 28,376,493 CH-5067 Standby Power - City Facilities - 1,900,000 100% 4,509,761 Total $ 6,800,000 $ 40,786,254
Storm Drainage
CIP
Project # Project Title Prioritization
Ranking
FY 2026/27
Budget
% of total
through
Year1
Total Project
Costs (All
Years)
SD-5115 Storm Drain Rehabilitation 2 150,000 14% 3,825,268 SD-5158 Calle Quetzal Ditch Improvements - 100,000 9% 1,075,000 Total $ 250,000 $ 4,900,268
Information Technology
CIP
Project Title Prioritization
Ranking
FY 2026/27
Budget
% of total
through
Year1
Total Project
Costs (All Years)
Data Governance 1 235,000 100% 363,906
Enterprise Asset Management System Implementation 2 2,357,500 100% 2,740,830 Physical Security 5 157,500 100% 157,500
Total $ 2,750,000 $ 3,262,236
BREAK
37 Pension Funding Status
38 Background
• City Council Policy 3.16 Pension Rate Stabilization Program (PRSP) Trust Investment guides pension trust investment.
“Annually, through the budget process, City Council will determine the PARS Trust annual contribution amount. City Council is committed to attain and maintain fully funded status within a 20-year period (FY 2036-37)”
40 Camarillo’s Current Status
Miscellaneous
Total Active Members 152
Total Accrued Liability $148.7M
Market Value of Assets -$112.0M
Unfunded Liability $36.7M
Funded Ratio 75.3%
Based on CalPERS valuation report for Fiscal Year ending June 30, 2024 Ventura County Agencies (Funded
Ratios)
Total Unfunded Accrued Liability
Funded Ratio
$0.0M $20.0M $40.0M $60.0M $80.0M $100.0M $120.0M $140.0M $160.0M $180.0M $200.0M 65%
70%
75%
80%
85%
90%
95%
Camarillo, [Y VALUE]
Fillmore, [Y VALUE]
Moorpark, [Y
VALUE]
Ojai, [Y VALUE]
Oxnard, [Y VALUE]
Port Hueneme,
[Y VALUE]
Santa Paula,
[Y VALUE]
Simi Valley, [Y VALUE]
Thousand Oaks, [Y VALUE]
City of Ventura, [Y VALUE]
6/30/24 Consolidated Funded Ratio
41 Ventura County Agencies (Funded
Ratios)
Total Unfunded Accrued Liability
Funded Ratio
$0.0M $20.0M $40.0M $60.0M $80.0M $100.0M $120.0M $140.0M $160.0M $180.0M $200.0M 65%
70%
75%
80%
85%
90%
95%
Camarillo, [Y VALUE]
Camarillo (with PARS), [Y
VALUE]
Fillmore, [Y VALUE]
Moorpark, [Y
VALUE]
Ojai, [Y VALUE]
Oxnard, [Y VALUE]
Port Hueneme,
[Y VALUE]
Santa Paula,
[Y VALUE]
Simi Valley, [Y VALUE]
Thousand Oaks, [Y VALUE]
City of Ventura, [Y VALUE]
6/30/24 Consolidated Funded Ratio
42 ADP versus PARS Trust
•Improves the funded ratio
•Reduces annual UAL payment
•Has a direct impact on annual
pension costs
ADP
Pros
•Provides flexibility in investing
•Allows City to pay the normal cost or
the UAL from trust
PAR
S
Pros
•Does not reduce the City’s liability
•Does not reduce the annual UAL
payments
PAR
S
Cons
•Requires cash out the door
ADP
Cons
43 Pleasant Valley Historical Sociaty (PVHS)
Funding Request
50 • May 13 – FY 2025/26 Strategic Plan City Council Goals and Objectives • PVHS Funding Request: $250,000
• City identified funds in the FY 2025/26 budget
• Staff and City Attorney's office is evaluating the request for consistency with State laws
• Overall PVHS Estimated Cost $2.1 million
• Remaining Constructions Total Cost - $727,000
Suggested Action
51 Provide feedback on the FY 2026/27 Preliminary Budget and receive and file the report.
Backup Slides
52 CalPERS – Basics
• Plan administrator is CalPERS (California Public Employees’ Retirement System)
• Eligible City employees participate in the City’s defined benefit plans (Miscellaneous)
• City does not have a Safety plan
• CalPERS is the nation’s largest public pension fund
§Established in 1932
§Over 2 million members
§Administers plans to nearly 3,000 employers (including over 1,500 public agencies)
53 CalPERS – Basic Formula
54 Contributions + Investment Earnings
=
Benefits + Expenses
CalPERS – Basic Formula
55 Benefits
Expenses
Contributions
Investment
Earnings
CalPERS – Basic Formula
56 Benefits
Expenses
Contributions
Investment
Earnings
CalPERS – Basic Formula
57 Benefits
Expenses
Contributions
Investment
Earnings
Unfunded Liability
58 CalPERS Funding Flows
NORMAL COST
• On-going cost/based on payroll
• Pays for current benefits
• Shared by employer/employee
UNFUNDED
ACCRUED LIABILITY (UAL)
• Amortized as long-term debt
• Employer pays 100%
• City pays interest @ “Discount
Rate”
CalPERS
• Administers plan, takes
contributions, pays out
benefits
• Invests for target return
(“Discount Rate”)
RETIREES
Discount Rate = Expected rate of return on plan assets.
Also the rate at which UAL accrues interest.
Currently @ 6.8%, down from 7%
59 Camarillo’s Current Status
Miscellaneous
Total Active Members 152
Total Accrued Liability $148.7M
Market Value of Assets -$112.0M
Unfunded Liability $36.7M
Funded Ratio 75.3%
Based on CalPERS valuation report for Fiscal Year ending June 30, 2024 •Investment Losses
§Market yields lower-than-expected rate of return
§Changes in Discount Rate
•Enhanced Benefits
•Demographics
§Expected lifespan, age at retirement
60 How Did We Get Here?
61 How Did We Get Here (continued)?
• We’re seeing this trend across all of CalPERS
• Problem nationwide
• This was not created overnight
• Unfunded Liability is a dynamic number
§ Managing cost of CalPERS obligations requires constant evaluation and flexible long-term funding strategies
62 How Unfunded Liabilities are Created
19961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024 2025 (est)
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
CalPERS Investment Returns for Fiscal Years Ending June 30 Rate of Return
63 CalPERS Funded Ratios
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
-30.00%
-20.00%
-10.00%
0.00%
10.00%
20.00%
30.00%
83.50%
57.10%
62.10%
70%
65.80%
70.50%
75.80% 73.90%
69.30%
73.2% 73.0% 73.9% 73.1%
84.1%
73.3% 73.2% 75.3%
80.0%
Funding Ratios For Actuarial Valuations Ending June 30
Misc Discount Rate CalPERS Returns
• Unfunded liabilities are the responsibility of the City • More vulnerable to volatile market swings
• Improves the financial health of the City
• Costly to have large unfunded liabilities
§CalPERS is charging us interest on that unfunded liability 64 Why does this matter?
UAL Bases
Reason for Base Date Est
Amort.
Period Balance 6/30/24
Expected
Payment 2024-25 Balance 6/30/25
Expected
Payment 2025-26 Balance 6/30/26
Min Req Payment
2026-27
Assumption Change 6/30/2003 0 302,658 312,779 - - - - Method Change 6/30/2004 0 (39,468) (20,783) (20,674) (21,365) - - Assumption Change 6/30/2009 5 1,486,526 245,375 1,334,029 252,245 1,164,063 259,308 Special (Gain)/Loss 6/30/2009 15 2,284,833 185,246 2,248,761 190,433 2,204,876 195,765 Special (Gain)/Loss 6/30/2010 16 347,274 27,047 342,937 27,804 337,523 28,583 Assumption Change 6/30/2011 7 1,355,277 180,417 1,260,986 185,468 1,155,063 190,661 Special (Gain)/Loss 6/30/2011 17 99,123 7,438 98,177 7,646 96,951 7,860 (Gain)/Loss 6/30/2012 18 10,681,319 774,288 10,607,468 795,969 10,506,189 818,256 Payment (Gain)/Loss 6/30/2012 18 (75,462) (5,470) (74,940) (5,623) (74,225) (5,781) (Gain)/Loss 6/30/2013 19 9,509,600 714,564 9,417,793 734,572 9,299,066 755,140 (Gain)/Loss 6/30/2014 20 (9,743,449) (707,202) (9,675,152) (727,004) (9,581,747) (747,360) Assumption Change 6/30/2014 10 4,071,868 498,239 3,833,854 512,190 3,565,238 526,531 (Gain)/Loss 6/30/2015 21 3,101,835 217,992 3,087,478 224,096 3,065,837 230,371 (Gain)/Loss 6/30/2016 22 5,487,537 374,223 5,473,952 384,701 5,448,615 395,473 Assumption Change 6/30/2016 12 1,908,401 201,503 1,829,931 207,145 1,740,294 212,945 (Gain)/Loss 6/30/2017 23 (6,340,988) (420,427) (6,337,689) (432,199) (6,322,000) (444,301) Assumption Change 6/30/2017 13 1,455,382 144,329 1,405,192 148,370 1,347,413 152,525 (Gain)/Loss 6/30/2018 24 (1,709,601) (110,404) (1,711,758) (113,495) (1,710,867) (116,673) Assumption Change 6/30/2018 14 3,966,142 371,579 3,851,835 381,983 3,719,003 392,679 Method Change 6/30/2018 14 332,583 31,159 322,998 32,031 311,860 32,928 Investment (Gain)/Loss 6/30/2019 15 555,190 44,249 547,214 55,312 527,263 55,312 Non-Investment (Gain)/Loss 6/30/2019 15 (763,755) (74,651) (738,543) (74,651) (711,617) (74,651) Investment (Gain)/Loss 6/30/2020 16 2,637,408 158,578 2,652,871 211,438 2,614,758 264,297 Non-Investment (Gain)/Loss 6/30/2020 16 220,937 20,947 214,313 20,947 207,239 20,948 Assumption Change 6/30/2021 17 233,798 21,561 227,414 21,562 220,595 21,561 Net Investment (Gain) 6/30/2021 17 (13,324,110) (547,717) (13,664,116) (821,576) (13,744,226) (1,095,435) Non-Investment (Gain)/Loss 6/30/2021 17 (1,152,955) (106,329) (1,121,471) (106,329) (1,087,846) (106,329) Benefit Change 6/30/2022 18 145,912 13,121 142,274 13,121 138,389 13,121 Investment (Gain)/Loss 6/30/2022 18 18,025,352 387,449 18,850,670 774,899 19,331,703 1,162,348 Non-Investment (Gain)/Loss 6/30/2022 18 688,856 61,944 671,683 61,944 653,342 61,944 Investment (Gain)/Loss 6/30/2023 19 817,498 - 873,088 18,767 913,063 37,533 Non-Investment (Gain)/Loss 6/30/2023 19 1,460,293 - 1,559,593 140,244 1,520,711 140,244 Investment (Gain)/Loss 6/30/2024 20 (2,816,566) - (3,008,092) - (3,212,642) (69,055) Non-Investment (Gain)/Loss 6/30/2024 20 1,438,508 - 1,536,327 - 1,640,797 147,546 Total 36,647,756 3,001,044 36,038,403 3,100,645 35,284,681 3,464,294 65 66
Potential Savings in ADP
FY 2027 FY 2029 FY 2031 FY 2033 FY 2035 FY 2037 FY 2039 FY 2041 FY 2043 $0.0M
$0.2M
$0.4M
$0.6M
$0.8M
$1.0M
$1.2M
$1.4M
$1.6M
Potential Savings with One-Time $5 M ADP
Shortest-to-Longest Longest-to-Shortest
~$6.7M ~$9.9M
67 Potential Savings in ADP
2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 $0.0M
$0.5M
$1.0M
$1.5M
$2.0M
$2.5M
$3.0M
$3.5M
$4.0M
$4.5M
$3.5M
$3.6M
$4.0M $4.1M $4.1M
$3.9M $3.8M
$3.6M $3.5M
$3.3M
$3.0M
$2.9M
$2.7M $2.6M $2.5M
$2.0M
$1.7M
$1.5M
$5M ADP Investment Targeting Shortest-to-Longest Bases
UAL Savings
68 Potential Savings in ADP
2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 $0.0M
$0.5M
$1.0M
$1.5M
$2.0M
$2.5M
$3.0M
$3.5M
$4.0M
$4.5M
$2.6
$2.7
$3.1 $3.1 $3.1 $3.2 $3.2 $3.3 $3.2 $3.2
$3.0
$2.9
$2.7 $2.6 $2.5
$2.0
$1.7
$1.5
$0.9
$0.9
$0.9 $0.9 $1.0 $0.7 $0.6 $0.3 $0.2 $0.1
-$0.0 -$0.0 -$0.0 -$0.0
$5M ADP Investment Targeting Shortest-to-Longest Bases
UAL Savings
69 Potential Savings in ADP
2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 $0.0M
$0.5M
$1.0M
$1.5M
$2.0M
$2.5M
$3.0M
$3.5M
$4.0M
$4.5M
$3.5M
$3.6M
$4.0M $4.1M $4.1M
$3.9M $3.8M
$3.6M $3.5M
$3.3M
$3.0M
$2.9M
$2.7M $2.6M $2.5M
$2.0M
$1.7M
$1.5M
$5M ADP Investment Targeting Longest-to-Shortest Bases
UAL Savings
70 Potential Savings in ADP
2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 $0.0M
$0.5M
$1.0M
$1.5M
$2.0M
$2.5M
$3.0M
$3.5M
$4.0M
$4.5M
$3.1
$3.2
$3.6 $3.7 $3.7
$3.4 $3.4
$3.1
$3.0
$2.8
$2.5
$2.4
$2.2
$2.0 $2.0
$1.5
$1.0
$0.0
$0.4
$0.4
$0.4 $0.4 $0.4
$0.4 $0.4
$0.5 $0.5
$0.5
$0.5
$0.5
$0.5
$0.5 $0.6
$0.6
$0.8
$1.5
$5M ADP Investment Targeting Longest-to-Shortest Bases
UAL Savings
• In years where investment performance outperforms discount rate, the discount rate will be lowered
• Intent is to lower investment volatility over time
• FY 2021 investment returns of 21.3%, triggering a discount rate reduction of 20 basis points
• Discount rate at the time was 7%
If actual investment returns exceed the
discount rate by: (percentage points)
Then the discount rate
will be reduced by:
Then the resulting
discount rate will be:
+2 (9%) 5 bps 6.95%
+7 (14%) 10 bps 6.90%
+10 (17%) 15 bps 6.85%
+13 (20%) 20 bps 6.80%
+17 (24%) 25 bps 6.75%
71 What’s Being Done? (CalPERS)
Risk Mitigation Strategy
• April 2024 – CalPERS Board removed the automatic trigger of the risk mitigation strategy
• Allows Board to make the decision to enact the Risk Mitigation strategy instead of automatically triggering it
• Initial returns indicate CalPERS 2024 returns were 9.3% • Discount rate is currently 6.8%
72 What’s Being Done? (CalPERS)
Risk Mitigation Strategy
If actual investment returns exceed the
discount rate by: (percentage points)
Then the discount rate
will be reduced by:
Then the resulting
discount rate will be:
+2 (8.8%) 5 bps 6.75%
+7 (13.8%) 10 bps 6.70%
+10 (16.8%) 15 bps 6.65%
+13 (19.8%) 20 bps 6.60%
+17 (23.8%) 25 bps 6.55%
Transportation
CIP
Project # Project Title Prioritization
Score
Secondary
Ranking
FY 2026/27
Budget
% of total
through
Year1
Total Project
Costs (All Years)
SD-5052 Bridge Replacement at Las Posas Road and Ventura Boulevard 100 1 1,005,876 11% 29,193,962
ST-5088 Annual Resurfacing 95 2 4,137,099 100% 6,912,316 ST-5108 Annual Resurfacing 95 2 100,000 7% 4,047,222 ST-5128 Annual Resurfacing 95 2 200,000 8% 2,600,000 ST-5129 Annual Overlay 95 2 200,000 8% 2,400,000
ST-5006 Pleasant Valley Road Bike Lanes 90 4 2,000,000 34% 16,481,460 TS-5174 Adaptive Traffic Signal Project 100 5 1,725,227 46% 3,725,227 ST-5102 Central Avenue Bike Lane 90 6 654,025 25% 7,297,998 ST-5066 Las Posas Road Widening to 6 Lanes 80 7 50,000 1% 20,815,831 ST-5113 Hardscape Improvements and Tree Replacement-
Phase 1 95 8 100,000 19% 1,350,000
ST-12-01 Utility Undergrounding Project 50 - 125,000 100% 274,088 Total $ 10,297,227 $ 95,098,104
*Tables only include projects that are budgeted in FY 2026/27. “Secondary Ranking” column may not show all projects in the sequence if projects are budgeted only in past or future years
Water
CIP
Project # Project Title Prioritization
Score
Secondary
Ranking
FY 2026/27
Budget
% of total
through
Year1
Total Project
Costs (All
Years)
WT-5080 Advanced Metering Infrastructure 95 2 200,000 59% 13,196,993 WT-5081 Charter Oak Pump Station Nos. 1 & 2 80 4 500,000 20% 5,522,424 WT-5101 Well D Treatment and Replacement Well E 90 5 1,050,000 13% 18,572,436 WT-5044 Replacement of Reservoirs 1 and 2 95 8 172,961 3% 20,639,224 Total $ 1,922,961 $ 57,931,077
Sanitary
CIP
Project # Project Title Prioritization
Score
Secondary
Ranking
FY 2026/27
Budget
% of total
through
Year1
Total Project
Costs (All
Years)
SS-5037 Pleasant Valley Road Sewer Force Main 95 1 1,000,000 7% 27,353,212 SS-5120 Wastewater System Generator Replacement 95 2 550,000 100% 3,090,858 SS-5119 Water Reclamation Plant Upgrades- Phase II 95 2 4,250,000 5% 151,751,987 SS-5159 Pump Station Nos. 3 and 5 Improvements 90 9 200,000 6% 9,200,000 SS-5164 Sludge Pump Station Improvements 55 - 200,000 29% 1,400,000 SS-5150 WRP Clarifier Tanks Coating and Repair 50 - 100,000 14% 2,550,000 Total $ 6,300,000 $ 195,346,057
Buildings and Grounds
CIP
Project # Project Name Prioritization
Score
Secondary
Ranking
FY 2026/27
Budget
% of total
through
Year1
Total Project
Cost (All Years)
CY-5163 Corporation Yard Remodel Phase 1 85 1 350,000 100% 4,170,000 LB-5143 Library HVAC Equipment Replacement 100 2 1,850,000 50% 3,730,000 CH-5082 City Hall Renovation 80 6 2,700,000 12% 28,376,493 CH-5067 Standby Power - City Facilities - - 1,900,000 100% 4,509,761 Total $ 6,800,000 $ 40,786,254
Storm Drainage
CIP
Project # Project Title Prioritization
Score
Secondary
Ranking
FY 2026/27
Budget
% of total
through
Year1
Total Project
Costs (All
Years)
SD-5115 Storm Drain Rehabilitation 95 2 150,000 14% 3,825,268 SD-5158 Calle Quetzal Ditch Improvements 50 - 100,000 9% 1,075,000 Total $ 250,000 $ 4,900,268
Housing
CIP
Project # Project Title Prioritization
Score
Secondary
Ranking
FY 2026/27
Budget
% of total
through
Year1
Total Project
Costs (All
Years)
HP-5175 Arneill Road Housing Project 1,140,035 100% 8,180,161 Total $ 1,140,035 $ 8,180,161
Information Technology
CIP
Project Title Prioritization
Score
Secondary
Ranking
FY 2026/27
Budget
% of total
through
Year1
Total Project
Costs (All
Years)
Data Governance 95 1 235,000 100% 363,906
Enterprise Asset Management System
Implementation 85 2 2,357,500 100% 2,740,830
Physical Security 85 5 157,500 100% 157,500
Total $ 2,750,000 $ 3,262,236
Funding Status (Non-Pooled
Cities/Towns)
$0.0M $100.0M $200.0M $300.0M $400.0M $500.0M $600.0M $700.0M $800.0M $900.0M $1000.0M 55%
60%
65%
70%
75%
80%
85%
90%
95%
100%
6/30/24 Consolidated Funded Ratio
FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 FY 2031
Revenues
Property Taxes 21,539,024 23,233,807 23,902,560 24,646,133 25,367,249 26,113,189 Sales Tax 16,847,630 18,766,832 19,652,169 20,045,212 21,226,116 21,650,639 Other Taxes 8,117,591 7,082,584 8,282,443 8,406,370 8,532,843 8,661,908 Licenses & Permits 2,324,340 1,965,672 2,281,737 1,671,000 1,671,000 1,660,000 Charges for Services 2,400,449 2,317,338 2,321,807 2,228,402 2,289,288 2,345,308 Other 6,810,068 6,179,239 6,208,506 6,244,099 6,280,682 6,363,283 Revenues Subtotal 58,039,102 59,545,472 62,649,222 63,241,216 65,367,178 66,794,326 Transfers In 2,018,831 2,744,580 2,715,324 2,775,783 2,838,057 2,902,199 Total Revenues & Transfers 60,057,933 62,290,052 65,364,545 66,016,999 68,205,235 69,696,525 Expenditures
General government 15,952,345 14,693,159 14,339,846 14,994,145 15,639,587 17,823,710 Public safety 26,106,414 26,573,139 27,311,407 27,692,290 28,286,530 28,769,259 Highways and streets 10,614,736 10,468,009 10,480,462 10,891,985 11,375,430 11,883,541 Facility 4,651,785 4,635,747 4,065,111 4,159,393 4,304,040 4,408,375 Community Services 1,095,840 1,462,830 1,283,306 1,065,924 1,114,030 1,164,705 Cultural and Recreation 4,210,547 4,389,049 4,174,071 4,268,733 4,365,953 4,463,760 Expenditures Subtotal 62,631,667 62,221,933 61,654,203 63,072,471 65,085,570 68,513,350 Transfers Out 5,003,958 4,119,859 2,280,691 2,227,453 2,277,005 2,314,832 Total Operating Expenditures and
Transfers 67,635,625 66,341,792 63,934,894 65,299,924 67,362,575 70,828,183 Ending Fund Balance 103,224,458 94,247,718 83,206,625 75,132,544 72,314,382 70,700,446 81 FY 2026/27 General Fund 5-Year Forecast
82 FY 2026/27 General Fund 5-Year Forecast
1 2 3 4 5 6 7 8 9 10
$-20.0M
$0.0M
$20.0M
$40.0M
$60.0M
$80.0M
$100.0M
$120.0M
$49.2M
$55.5M
$63.5M $63.7M
$60.1M $62.3M $64.7M $65.3M $67.5M $69.0M
$40.3M $47.7M
$49.9M
$56.2M
$67.6M $62.4M $63.2M $64.6M $66.7M $68.7M
Series1 Series2 Series3 Series4 Series5 Series6 Series7 Series8 Series9 Series10 83 Storm Drainage
Housing
Water
Information Technology
Sanitary
Buildings and Grounds
Transportation $3.9M $0.7M $1.7M $2.7M $1.3M
$0.3M
$1.1M
$1.9M
$2.8M
$6.3M
$6.8M
$10.3M
Federal Grant/Aid General Fund Information Systems ISF
SB1 Fund TDA Article 8 TMF
Sanitary Water Grand Total
CIP Funding by Source
Community Service Grant Applications
• Twenty-two (22) applications were submitted
• Nineteen (19) were approved by the committee
• Six (6) are new organizations applying for funding
• The grant request total is $228,058
• Total awarded was $197,813
84 85
FY 2026/27 General Fund 5-Year Forecast
1 2 3 4 5 6
$0 M
$20 M
$40 M
$60 M
$80 M
$100 M
$120 M
$60.1M
$62.3M $65.4M $66.0M $68.2M $69.7M
$73.1M $75.7M $76.0M $73.6M $70.6M $70.8M
Series1 Series2 Series3 Series4 Series5 Series6 Series7 Series8 Series9 Series10 86 FY 2026/27 General Fund 5-Year Forecast
1 2 3 4 5 6 7 8 9 10
$0 M
$20 M
$40 M
$60 M
$80 M
$100 M
$120 M
$49.2M
$55.5M
$63.5M $63.7M $60.1M
$62.3M $65.4M $66.0M $68.2M $69.7M
$40.6M $53.3M $57.2M $56.2M $73.1M $75.7M $76.0M $73.6M $70.6M $70.8M Series1 Series2 Series3 Series4 Series5 Series6 Series7 Series8 Series9 Series10 FY 2025/26 Proposed Budget – GF Exp.
87 FY 2026/27 General Fund GASB 54 Commitments
General Fund Commitment FY 2025/26
Commitments Adjustments FY 2026/27
Commitments
Council Reserve Policy Goal 33,876,483 (2,922,957) 30,953,526 Economic Development 5,400,000 - 5,400,000
Natural Disaster Recovery 10,000,000 - 10,000,000 Camarillo Springs Debris Remediation 200,000 - 200,000 PVRPD Senior Center 8,000,000 - 8,000,000 Facility Improvement Projects 21,905,000 (8,925,000) 12,980,000 Information Technology Reserve - 5,000,000 5,000,000 Continuum of Care 3,800,000 - 3,800,000
Loan to Water Utility 15,000,000 (1,000,000) 14,000,000 Total Committed Fund Balance 98,181,483 (7,847,957) 90,333,526 Other Funding
• FY 2025/26
• KidSTREAM - $150k
• Food Share - $70k
• Boys and Girls Club - $26,100
• Camarillo Health Care District “CardioFit” – 11,887
• Pleasant Valley Historical Society - $250k
88