1 5/13/2025
Public Hearing
Vacate Water Easements at Timber School
Site Located at 1872 Newbury Road
• City hydrant line on Timber School
• To be vacated for site redevelopment
• New easement and waterline loop
Easements’ Background 2
1 2
ITEM 10A
2 5/13/2025
Existing and Proposed Waterlines
Easement to be Vacated
Proposed Loop Waterline
1. Conduct Public Hearing
2. Adopt Resolution Declaring Vacations
3. Find this action Exempt from California
Environmental Quality
Act (CEQA)
Recommendations:
3 4
3 5/13/2025
Thank you!
5 Presented By: Jaime Boscarino, Finance Director
May 13, 2025
Proposed FY 2025-26 &
FY 2026-27
Operating Budget
Study Session
FYs 2025-2027 Budget Process
2 1
2 ITEM 11A
Budget Engagement
3 Social Media
Budget Engagement
4 3
4 Proposed Budget
5 Proposed FY 2025-26 &
FY2026-27
Operating Budget
Citywide Budget Development
Budget Theme – Growing Together
Operating Budget
6 • Biennial budget process
• Fiscally responsible budget
• Conservative revenue estimates
• Strategic spending plan
• Investing in the future
• Balanced General Fund Budget
‒ Reserves support CIP
projects and one-time
initiatives
5 6
History of Funded Positions
7 482 470 457 447
407 397 381 381 381 381 381 381 381 381 381 381 390 397 401 405 0 50
100
150
200
250
300
350
400
450
500
550
Position Additions
8 FY 2025-26
DepartmentPosition
Information
Technology
1. Deputy IT Director
Information
Technology
2. Project Manager
Information
Technology
3. Data Officer
Public Works4. Engineering Division Manager
FY 2026-27
DepartmentPosition
Information
Technology
1. IT Manager
Information
Technology
2. IT Supervisor
Information
Technology
3. Project Manager
Information
Technology
4. IT Analyst
7 8
9 Citywide Proposed Budget – By Fund FY 2025-26
$305,758,196
General Fund,
$127,098,134,
41.6%
Water Fund,
$51,624,079,
16.9%
Wastewater
Fund,
$39,264,524,
12.8%
Transportation Fund,
$16,792,967, 5.5%
Landscaping
Assessment
District Fund,
$12,037,980, 3.9%
Library Fund,
$10,356,670, 3.4%
Street Improvement
Funds, $9,630,415, 3.2%
Los Robles Golf Course
Fund, $8,476,249, 2.8%
Theatres Fund,
$6,226,819, 2.0%
Grants Fund,
$6,053,377, 2.0%
Capital Projects Funds,
$5,275,032, 1.7%
Lighting Assessment District Fund $3,950,548 1.3%
Solid Waste Fund $3,533,910 1.2%
Stormwater/Flood Control Assessment Funds $2,232,185 0.7% ECTA - East County Transit Alliance $1,162,000 0.4%
Public Financing Authority Fund $1,005,600 0.3%
Community Development Block Grant (CDBG) $650,000 0.2% Housing Trust Fund $251,457 0.1%
Cable Television (PEG) Fund $98,000 0.0%
Law Enforcement Agency Seizure Fund $38,250 0.0%
10 Citywide Proposed Budget – By Fund FY 2026-27
$305,143,340
General Fund,
$128,909,916, 42.2%
Water Fund,
$51,893,838,
17.0%
Wastewater Fund,
$36,274,731, 11.9%
Transportation Fund,
$18,469,470, 6.1%
Landscaping
Assessment District
Fund, $12,156,199,
4.0%
Library Fund,
$10,982,024, 3.6%
Street Improvement Funds,
$11,671,960, 3.8%
Los Robles Golf Course Fund,
$9,625,709, 3.2%
Theatres Fund, $6,437,348,
2.1%
Grants Fund, $3,680,370, 1.2%
Capital Projects Funds,
$2,823,894, 0.9%
Lighting Assessment District Fund $3,790,082 1.2%
Solid Waste Fund $3,046,698 1.0%
Stormwater/Flood Control Assessment Funds $2,043,952 0.7% ECTA - East County Transit Alliance $1,236,998 0.4%
Public Financing Authority Fund $1,003,800 0.3%
Community Development Block Grant (CDBG) $650,000 0.2% Housing Trust Fund $258,101 0.1%
Cable Television (PEG) Fund $150,000 0.1%
Law Enforcement Agency Seizure Fund $38,250 0.0%
9 10
11 Citywide Proposed Budget – By Category FY 2025-26
$305,758,196
Maintenance &
Operations
$103,829,733
34.0%
Capital & Maintenance
Improvements
$80,800,359
26.4%
Salary & Benefits
$77,815,511
25.5%
Police Services
$35,898,867
11.7%
Transfers to Other
Funds
$6,408,126
2.1%
Debt Service
$1,005,600
0.3%
12 Citywide Proposed Budget – By Category FY 2026-27
$305,143,340
Maintenance &
Operations
$106,987,506
35.2%
Salary & Benefits
$82,413,291
27.0%
Capital & Maintenance
Improvements
$72,966,064
23.9%
Police Services
$37,682,767
12.3%
Transfers to Other
Funds
$4,089,912
1.3%
Debt Service
$1,003,800
0.3%
11 12
Proposed Budget 13
Proposed FY 2025-26 &
FY2026-27
Operating Budget
General Fund Highlights
General Fund Operational Highlights
14 • Balanced budget – ongoing operating revenues greater than ongoing operating expenditures
• Funding for implementation of City Council Priorities • Information Technology Strategic Plan (ITSP)
• New IT Department
• Navigation Center operating costs (shared with County) • General Plan - Code and Specific Plan Updates
• Climate and Environmental Action Plan items
• Additional funding for sidewalk maintenance
• Increase in social services grants program from $100K to $200K 13 14
General Fund 10-Year Analysis
15 $82.1 $80.4
$86.0
$91.3
$100.7
$104.0
$94.6
$107.8
$119.4
$111.5
$113.5
$115.7
$72.2 $70.9
$85.1
$80.2
$88.4
$80.5
$91.5 $92.8
$99.8 $100.5
$1
27.1 $128.9
$60.0
$65.0
$70.0
$75.0
$80.0
$85.0
$90.0
$95.0
$100.0
$105.0
$110.0
$115.0
$120.0
$125.0
$130.0
$135.0Millions
Revenues Expenditures
General Fund Proposed Revenues 16
FY 2025-26
$113,464,460
Sales Tax,
$36,328,855
32.0%
Property Tax,
$19,355,786
17.1%
Property Tax In Lieu
(VLF), $16,747,959
14.8%
Charges for Current
Services, $9,069,429
8.0% Franchise Fees,
$7,867,000
6.9%
Licenses & Permits,
$5,498,700
4.8%
Transient
Occupancy Tax,
$5,185,000
4.6%Use of Money,
$5,123,810
4.5%
Other,
$3,526,931
3.1%
Business Tax
$2,400,000
2.1%
Transfers,
$1,457,615
1.3%Revenue from Other
Agencies
$903,375
0.8%
15 16
General Fund Proposed Revenues 17
FY 2026-27
$115,685,287
Sales Tax,
$37,474,436
32.2%
Property Tax,
$19,993,688
17.3%
Property Tax In Lieu
(VLF), $17,310,690
15.0%
Charges for Current
Services, $9,381,987
8.1% Franchise Fees,
$8,103,500
7.0% Licenses & Permits,
$5,648,700
4.9%
Transient
Occupancy Tax,
$5,340,000
4.6%Use of Money,
$4,463,625
3.9%
Other,
$2,546,401
2.2%
Business Tax
$2,520,000
2.2%
Revenue from Other
Agencies
$1,453,100
1.3%Transfers,
$1,449,160
1.3%
General Fund Proposed Revenues 18
In Millions
Revenue Type
FY 2023-24
Actual
FY 2024-25
Projected
FY 2025-26
Proposed
%
Change
FY 2026-27
Proposed
%
Change
Sales and Use Tax $34.9 $35.6 $36.3 2.1% $37.5 3.2%
Property Tax 17.8 18.5 19.4 4.8% 20.0 3.3%
Property Tax In-Lieu of VLF 15.6 16.2 16.7 3.3% 17.3 3.4% Franchise Fee 7.5 7.7 7.9 1.9% 8.1 3.0%
Transient Occupancy Tax 4.9 5.0 5.2 3.0% 5.3 3.0%
Business Tax 2.3 2.3 2.4 2.5% 2.5 5.0%
Other Taxes 0.8 0.8 0.8 0.0% 0.8 0.0%
Charges for Current Services 8.4 7.7 9.1 17.4% 9.4 3.4% Licenses and Permits 5.9 6.6 5.5 -16.5% 5.6 2.7%
Fines and Penalties 1.0 0.9 1.0 5.9% 1.0 0.0%
Revenue from Other Agencies 7.3 0.9 0.9 -2.8% 1.5 60.9% Revenue From Use of Money 7.6 7.2 5.1 -29.3% 4.5 -12.9% Other Revenue 4.1 0.4 1.7 301.0% 0.7 -58.5%
Transfers From Other Funds 1.4 1.5 1.5 0.0% 1.4 -3.4%
TOTAL $119.4 $111.5 $113.5 1.8% $115.6 1.9%
17 18
General Fund
Proposed Appropriations
19 FY 2025-26
$127,098,134
Salaries &
Benefits,
$47,096,396
37.1%
Police
Services,
$35,898,867
28.2%
Maintenance &
Operations, $23,428,527
18.4% Capital Outlay
$1,418,233
1.1%Capital
Improvements
$8,682,000
6.8% Maintenance
Im
provements,
$6,048,600
4.8%Transfers to
Other Funds,
$4,525,511
3.6%
General Fund
Proposed Appropriations
20 FY 2026-27
$128,909,916
Salaries &
Benefits,
$50,474,831
39.2%
Police
Services,
$37,682,767
29.2%
Maintenance &
Operations, $24,277,453
18.8%
Capital Outlay
$602,626
0.5% Capital
Im
provements
$13,091,000
10.2%Maintenance
Improvements,
$565,500
0.4%
Transfers to
Other Funds,
$2,215,752
1.7%
19 20
General Fund Proposed Expenditures 21
In Millions
Revenue Type
FY 2023-24
Actual
FY 2024-25
Projected
FY 2025-26
Proposed
%
Change
FY 2026-27
Proposed
%
Change
Salaries and Benefits $38.9 $41.7 $47.0 12.7% $50.5 7.4% Police Services 33.0 34.3 35.9 4.7% 37.7 5.0%
Maintenance and Operations 16.9 16.5 23.5 42.4% 24.3 3.4% Capital Outlay 1.9 1.0 1.4 40.0% 0.6 -57.1%
Capital Improvements 7.3 5.1 8.7 70.6% 13.1 50.6%
Maintenance Improvements 2.3 2.3 6.0 156.2% 0.6 -90.0%
Transfers to Other Funds 1.5 1.5 4.5 206.7% 2.2 -51.1%
TOTAL $101.8 $102.4 $127.0 24.0% $129.0 1.6%
RR0
General Fund Historical Support
22 $-
$1.0
$2.0
$3.0
$4.0
$5.0
$6.0
$7.0
$8.0
Millions
Library
Streets
Debt Service
Stormwater
Open Space
Transportation
21 22
Library Fund 23
Library Fund Summary 24
In Millions
FY
2023-24
Actual
FY 2024-25
Projected
FY 2025-26
Proposed % Change
FY 2026-27
Proposed % Change
Operating Revenue $9.5 $10.4 $10.5 1.0% $11.5 9.5%
Transfers in (General Fund) 0.4 0.2 2.1 950.0% 0.0 -100.0% Total Revenue $9.9 $10.6 $12.6 18.9% $11.5 -8.7%
Operating Expenditures $9.3 $9.8 $10.4 6.1% $10.8 3.8%
Capital Improvements 2.2 0.8 0.0 -100.0% 0.2 100.0%
Total Expenditures $11.5 $10.6 $10.4 -1.9% $11.0 5.8%
Reserves/(Use of Fund Balance) ($1.6) $0.0 $2.2 100.0% $0.5 -77.3% RR0
23 24
Other Governmental Fund 25
Lighting Fund Summary 26
In Millions
FY 2023-24
Actual
FY 2024-25
Projected
FY 2025-26
Proposed % Change
FY 2026-27
Proposed % Change
Operating Revenue $2.9 $3.0 $3.1 3.3% $3.1 0.0%
Transfers in (Capital Projects) 0.1 0.0 0.0 0.0% 0.0 0.0% Total Revenue $3.0 $3.0 $3.1 3.3% $3.1 0.0%
Operating Expenditures $2.4 $2.6 $2.7 3.8% $2.7 0.0%
Capital Improvements 0.4 0.6 1.3 116.7% 1.1 -15.4%
Total Expenditures $2.8 $3.2 $4.0 25.0% $3.8 -5.0%
Reserves/(Use of Fund Balance) $0.2 ($0.2) ($0.9) 350.0% ($0.7) -22.2% 25 26
Landscape Fund Summary 27
In Millions
FY 2023-24
Actual
FY 2024-25
Projected
FY 2025-26
Proposed % Change
FY 2026-27
Proposed % Change
Operating Revenue $7.7 $8.0 $8.1 1.2% $8.2 1.2%
Transfers in 0.0 0.0 0.0 0.0% 0.0 0.0%
Total Revenue $7.7 $8.0 $8.1 1.2% $8.2 1.2%
Operating Expenditures $5.5 $6.3 $7.2 12.5% $7.6 5.6%
Capital Improvements 0.0 0.6 4.8 700.0% 4.6 -4.2%
Total Expenditures $5.5 $6.9 $12.0 42.5% $12.2 1.7%
Reserves/(Use of Fund Balance) $2.2 $1.1 ($3.9) -454.5% ($4.0) 2.6% Stormwater Fund Summary 28
In Millions
FY 2023-24
Actual
FY 2024-25
Projected
FY 2025-26
Proposed % Change
FY 2026-27
Proposed % Change
Operating Revenue $0.8 $0.6 $0.6 0.0% $0.6 0.0%
Transfers in (General Fund) 0.0 0.0 1.3 100.0% 1.1 -15.4% Transfers in (Solid Waste) 0.3 0.3 0.3 0.0% 0.3 0.0%
Total Revenue $1.1 $0.9 $2.2 144.4% $2.0 -9.1%
Operating Expenditures $1.0 $0.9 $1.0 11.1% $1.0 0.0%
Capital Improvements 0.1 0.0 1.2 100.0% 1.0 -16.7%
Total Expenditures $1.1 $0.9 $2.2 144.4% $2.0 -9.1%
Reserves/(Use of Fund Balance) $0.0 $0.0 $0.0 0.0% $0.0 0.0% 27 28
Enterprise Fund 29
Water Fund 30
• Water system distributes up to 12
million gallons per day
• Serves more than 17,000 accounts
• Revenue primarily from water sales
and base charges
29 30
Water Fund Summary 31
In Millions
FY 2023-24
Actual
FY 2024-25
Projected
FY 2025-26
Proposed % Change
FY 2026-27
Proposed % Change
Revenue $30.3 $36.0 $34.1 -5.6% $35.9 5.3%
Operating Expenses $24.7 $26.6 $33.6 26.3% $35.0 4.2%
Capital Improvements/Depreciation 3.3 10.3 18.0 74.8% 16.9 -6.1% Total Expenses $28.0 $36.9 $51.6 39.8% $51.9 0.6%
Reserves/(Use of Net Position) $2.3 ($0.9) ($17.5) 1844.4% ($16.0) -8.6% Wastewater Fund 32
• Hill Canyon treats up to 10
million gallons per day
• Serves more than 38,000
accounts
• Revenue primarily from
service charges
31 32
Wastewater Fund Summary 33
In Millions
FY 2023-24
Actual
FY 2024-25
Projected
FY 2025-26
Proposed % Change
FY 2026-27
Proposed % Change
Revenue $25.9 $25.2 $27.6 9.5% $28.7 4.0%
Operating Expenses $19.7 $21.1 $23.6 11.8% $24.2 2.5%
Capital Improvements/Depreciation 6.6 15.2 15.6 2.6% 12.1 -22.4% Total Expenses $26.3 $36.3 $39.2 8.0% $36.3 -7.4%
Reserves/(Use of Net Position) ($0.4) ($11.1) ($11.6) 4.5% ($7.6) -34.5% Solid Waste Fund 34
• Recycling Program
• Household Hazardous Waste
• Sustainability
• Community Enhancement Grant
Program
• Caltrans Adopt-A-Highway
• Revenues generated primarily from
commercial & residential solid waste
management fee
33 34
Solid Waste Fund Summary 35
In Millions
FY 2023-24
Actual
FY 2024-25
Projected
FY 2025-26
Proposed % Change
FY 2026-27
Proposed % Change
Revenue $3.3 $3.6 $3.2 -11.1% $3.3 3.1%
Operating Expenses $1.6 $2.2 $2.6 18.2% $2.7 3.8%
Capital Improvements/Depreciation 0.1 0.4 0.6 50.0% 0.0 -100.0% Transfers Out (Stormwater) 0.3 0.3 0.3 0.0% 0.3 0.0%
Total Expenses $2.0 $2.9 $3.5 20.7% $3.0 -14.3%
Reserves/(Use of Net Position) $1.3 $0.7 ($0.3) -142.9% $0.3 -200.0% Transportation Fund 36
• Thousand Oaks Transit Bus system,
Dial-A-Ride
• Bus and DAR services to Westlake
Village, Agoura Hills, Oak Park,
Moorpark, Kanan Shuttle, County
unincorporated
• Revenues primarily from State and
Federal funding
35 36
Transportation Fund Summary 37
In Millions
FY 2023-24
Actual
FY 2024-25
Projected
FY 2025-26
Proposed % Change
FY 2026-27
Proposed % Change
Revenue $8.5 $8.3 $13.2 59.0% $13.0 -1.5%
Transfers in (General Fund) 0.0 0.0 0.0 0.0% 0.0 0.0%
Total Revenue $8.5 $8.3 $13.2 59.0% $13.0 -1.5%
Operating Expenses $8.0 $8.5 $9.2 8.2% $9.7 5.4%
Capital Improvements/Depreciation 0.8 1.1 7.6 590.9% 8.8 15.8% Total Expenses $8.8 $9.6 $16.8 75.0% $18.5 10.1%
Reserves/(Use of Net Position) ($0.3) ($1.3) ($3.6) 176.9% ($5.5) 52.8% Golf Course Fund 38
• Managed by Arcis Golf
• 18-hole golf course and 2 banquet facilities
37 38
Golf Course Fund Summary 39
In Millions
FY 2023-24
Actual
FY 2024-25
Projected
FY 2025-26
Proposed % Change
FY 2026-27
Proposed % Change
Revenue $8.4 $8.5 $8.9 4.7% $9.1 2.2%
Operating Expenses $7.6 $7.8 $8.2 5.1% $8.3 1.2%
Capital Improvements/Depreciation 0.4 0.4 0.2 -50.0% 1.2 500.0% Transfers Out (Open Space) 0.1 0.1 0.1 0.0% 0.1 0.0%
Total Expenses $8.1 $8.3 $8.5 2.4% $9.6 12.9%
Reserves/(Use of Net Position) $0.3 $0.2 $0.4 100.0% ($0.5) -225.0% Theatres Fund 40
Operations of the 1,800
seat Fred Kavli Theatre
and 400 seat Janet and
Ray Scherr Forum
39 40
Theatre Fund Summary 41
In Millions
FY 2023-24
Actual
FY 2024-25
Projected
FY 2025-26
Proposed % Change
FY 2026-27
Proposed % Change
Revenue $6.0 $5.6 $6.3 12.5% $6.4 1.6%
Operating Expenses $5.5 $5.5 $6.2 12.7% $6.4 3.2%
Capital Improvements/Depreciation 0.0 0.0 0.0 0.0% 0.0 0.0% Total Expenses $5.5 $5.5 $6.2 12.7% $6.4 3.2%
Reserves/(Use of Net Position) $0.5 $0.1 $0.1 0.0% $0.0 -100.0% Recap of Operating Budget Highlights
42 • Structurally balanced budget
• Fiscally responsible
• Economic uncertainty
• Funding for City Council Priorities
• Strategic addition to IT staffing
• Funding for Navigation Center
• Sidewalk maintenance
• General Plan implementation
• CEAP implementation
41 42
1. Receive information on Proposed FY 2025-26 and FY 2026-27 Operating Budget.
2. Find that this action is not a project as defined under the California Environmental Quality Act.
Recommendations
Questions?
43 44
General Fund Proposed Revenues 45
General Fund Proposed Revenues 46
45 46