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City finance staff and investment adviser report fiscal-year budget development and say city portfolio remains secure amid market volatility
Summary
Camarillo finance staff outlined the FY 2025–26 budget development timeline amid economic uncertainty; investment adviser Chandler Asset Management told the council the city’s bond-focused portfolio is secure, liquid and designed to minimize volatility.
City Finance Director Mark Uribe briefed the Camarillo City Council on the preliminary fiscal-year 2025–26 budget development process, and the city’s investment adviser gave an economic and portfolio update.
Uribe explained the city’s budget calendar, which begins with the midyear review and leads to a budget workshop scheduled for June 4 and final adoption in June. He said major general-fund revenues—sales tax and property tax—are…
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