City of Oxnard

FINANCIAL DATA

OUR COMMITMENT TO FINANCIAL TRANSPARENCY

The City's financial situation is challenging us to do more with less, to cut costs where we can, and to pursue additional sources of revenue. We want to assure you that the City of Oxnard is committed to helping members of our community better understand how their tax dollars and fees are spent.


The tools in this section allow you to learn about the City's budget and finances and provide a wide range of easy access to financial reports that detail where the City gets and how the City spends its money.


The City’s goal is to continue to expand and present more information through this platform as it becomes available. Data going back to fiscal year 2015-16 is available to view, filter and analyze. Please note that all financial information is presented on a budgetary basis and, therefore, will be different in some respects than the City's Comprehensive Annual Financial Report (CAFR), which is prepared in accordance with generally accepted accounting principals (GAAP).

Additional reports, including the City's latest CAFR and the adopted budget, can be found here.


For a brief overview about interacting with the data in the charts and graphs on these pages CLICK HERE.

THE BIG PICTURE:

Revenue Trends Over Time - All Funds*


The City is funded by revenue from various taxes and fees, as well as grants. Different sources of revenue are restricted to specific uses, which the City assigns to funds that serve as a group of accounts for the City. The City of Oxnard has over 175 active individual funds.


A few examples of funds include:

- General Fund (101): Provides basic City services, like police, fire, parks, and street maintenance, funded mostly through sales and property taxes.

- Enterprise Funds (601 through 638): Include water, wastewater and solid waste, funded almost entirely through fees charged to the ratepayers.


Learn more about the revenues for various City funds here.


NOTE: Revenues are not collected evenly throughout the year; for example, property taxes that represent a large part of the city's income are mostly collected in December and April.


THE BIG PICTURE:

Expense Trends Over Time - All Funds*


Providing services for roughly 210,000 residents, Oxnard is the largest city in Ventura County and the 20th most populous city in California. The City is responsible for maintaining 453 miles of streets, 650 miles of sidewalks, 70 miles of alleys and 1.8 million square feet of medians. Additionally, the City is responsible for the maintenance of 56,000 trees as well as 53 total parks throughout Oxnard.


The City's biggest expense is personnel-related costs. This includes not only salaries but also the cost of benefits. Operating and maintenance (O&M) expenses cover a wide variety of charges such as supplies, equipment, repair contracts, and utilities. Internal charges include the allocated costs for liability insurance, maintenance of City-owned facilities and vehicles, information technology, human resources, finance and administration. Another significant type of expense is debt service (principal and interest payments) on bonds that the City uses to fund large capital projects that provide a long-term benefit to the City.

Learn more about the expenses for various City funds here.


* Excludes Oxnard Housing Authority and fiduciary funds in which the City acts as a trustee for third parties such as retirement funds.

Revenue Sources

Property Tax:

Property Tax Breakout

As we mentioned, taxes are one of the primary sources of revenue for the City, but taxes are limited. For the City's General Fund, property taxes are the largest source of revenue. California's Proposition 13 limits the amount of property tax at 1% of assessed value at the time of sale and limits increases to assessed value to no more than 2% per year until the property is sold. That 2% is not keeping up with the increased cost of providing City services. Furthermore, the City only gets 17.6% of the 1%.

Sales Tax:

Sales Tax Breakout

Sales tax is the second largest source of income for the General Fund, but of the 7.75% sales tax collected, only 1% goes to the City (plus the 0.5% Measure O tax, which is committed to particular programs and projects by City Council action). Sales tax revenue is dependent on the economy and can decrease if the economy goes down. This is why it is important for the City to try to encourage a diverse business environment and for residents to spend their money locally.


OTHER REVENUE

Other sources of revenue include business license tax, transient occupancy (hotel) tax, development fees, franchise fees, and other fees and fines.

THE DETAILS

Learn more about the various City funds by clicking on the following links:

General Fund

Measure O

Special Districts

Enterprise Funds (Utilities)

Cash Balances by Fund