Preliminary Preliminary Final
April May May Positive Increase
2026 2026 2025 (Negative) (Decrease)
Assets:
Cash and investments 110,285,496$ 113,020,283$ 110,743,306$ 2,276,977$ 2.06 % Restricted cash 9,084,229 9,084,229 8,177,729 906,500 11.08 Accounts receivable, net 1,612,336 1,637,339 958,812 678,527 (1) 70.77 Prepaid items 443,892 200,175 297,979 (97,804) (2) (32.82) Deposits 125,000 125,000 125,000 - - Total Assets 121,550,953$ 124,067,026$ 120,302,826$ 3,764,200$ 3.13 % Liabilities:
Accounts payable 12,102$ 74,671$ 10,103$ 64,568$ (3) 639.10 % Wages & payroll taxes payable 631,783 315,960 297,167 18,793 6.32 Deposit & deferred revenues 529,644 531,510 2,606,608 (2,075,098) (4) (79.61) Total Liabilities 1,173,529 922,141 2,913,878 (1,991,737) (68.35) Fund Balance:
Nonspendable 568,892 325,175 422,979 (97,804) (23.12) Restricted 9,323,768 9,321,984 (5) 8,398,984 923,000 10.99 Committed 89,888,913 89,888,913 (6) 88,036,791 1,852,122 2.10 Assigned 3,873,881 3,266,716 3,497,176 (230,460) (6.59) Unassigned 16,721,970 20,342,097 17,033,018 3,309,079 19.43 Total Fund Balance 120,377,424 123,144,885 117,388,948 5,755,937 4.90 Total Liabilities and Fund Balance 121,550,953$ 124,067,026$ 120,302,826$ 3,764,200$ 3.13 % - - -
Fund Balance:
Beginning Balance on July 1 119,045,316$ 119,045,316$ 109,522,919$ 9,522,397 $ 8.69 Revenues 44,153,257 51,628,490 51,239,941 388,549 (7) 0.76 Interfund Transfers-in 1,167,781 1,167,781 1,395,695 (227,914) (16.33) Total Revenues & Transfers-in 45,321,038 52,796,271 52,635,637 160,635 0.31 Expenditures 43,573,730 48,281,502 44,286,008 (3,995,494) (8) 9.02 Interfund Transfers-out 415,200 415,200 483,600 68,400 (14.14) Total Expenditures & Transfers-out43,988,930 48,696,702 44,769,608 (3,927,094) 8.77 Total Fund Balance 120,377,424$ 123,144,885$ 117,388,948$ 5,755,937 $ 4.90 % (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 $4.0m compared to prior fiscal year primarily due to an increase of $1.3m in General Government, $1.1m in Public Safety, $1.0m in Public Works, $0.4m 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 $89.9m of the General Fund balance for the fiscal year ending June 30, 2025 as listed in the table below:
GASB 54 Commitment of Fund Balance
Remaining @
5/31/2026
31,683,913$
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:
City of Camarillo
General Fund
Comparative Balance Sheet
April 30 and May 31, 2026, and May 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 the prior fiscal year primarily due to normal fluctuations in invoice processing and the timing of payments.
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 higher monthly CalPERS charges, which have accelerated the use of the prepaid PERS amount.