When was the City incorporated?

October 7, 1964 as a General Law City. The City operates under a City Council/City Manager from of government and provides traditional municipal and public enterprise services.

How many members are on the City Council?

The City Council consists of five members elected by the community at large and it selects the Mayor from its members, generally for a one-year term. City Council terms are four years, with elections held every two years.

How often does the City adopt its budgets?

The City’s Operating and Capital Improvement Program (CIP) Budgets are adopted by City Council every other year (biennially) in June.

What is the City's fiscal year?

The City operates on a fiscal year that starts on July 1 through June 30 of the following year.

How many public meetings does the City hold, related to its Operating and Capital Improvement Program (CIP) Budgets?

The City holds three public meetings related to its Operating and Capital Improvement Program (CIP) Budgets. There is a CIP Budget Study Session usually held in April, an Operating Budget Study Session, usually held in May, and an Operating and Capital Improvement Program (CIP) Budgets Public Hearing held in June, with the newly adopted budgets effective July 1st of that year.

What is the City’s key to financial sustainability?

Long-term financial strategic planning is the key to prudent financial sustainability. The Long-term Financial Strategic Plan (Plan) is routinely updated to proactively plan for the future of the City. The Plan guides the development of the Operating and Capital Improvement Program Budgets. The Budgets continue the City’s long-standing tradition of effectively and efficiently providing quality services to the community while planning for a sustainable future.

What City departments participate in the City’s budget process?

Each of the City’s ten departments participate during the City’s budget process. They are as follows: City Manager’s Office, Human Resources Department, City Attorney’s Office, City Clerk Department, Finance Department, Community Development Department, Public Works Department, Library Department, Cultural Affairs Department, and contract with the Ventura County Sheriff's Department.

Does the City have its own Fire and Police Departments?

The City contracts out its police services from Ventura County. The Fire Department is provided by the Ventura County Fire District and paid for through residents’ property taxes.

What is the City’s General Fund?

The City’s General Fund is its primary (and most discretionary) operating fund. It accounts for all financial resources of the City, except for those required to be accounted for in another fund.

What is the overall adopted budget for the City, including CIP projects for FY 2022-23?

The total overall budget is $228.5 million.

What is the City’s Adopted General Fund Budget for FY 2022-23?

The City’s General Fund budget is $96.2 million.

How much is budgeted by the City to provide Library Services to its residents for FY 2022-23?

The City’s adopted budget is $9.6 million to provide library services at both its Grant R. Brimhall Thousand Oaks Library and the Newbury Park Library. This amount includes $0.9 million in Capital Projects. Costs are primarily offset by Property Taxes paid. If necessary, the General Fund may provide support to the Library Fund.

How much is budgeted by the City to provide water to its customers for FY 2022-23?

The City’s adopted budget for the Water Fund is $36.1 million, which includes $8.9 million in capital projects and $18.3 million in water purchases. Revenue is primarily from the sale of water to customers and associated water fees.

How much is budgeted by the City to provide Wastewater services to its residents for FY 2022-23?

The City’s adopted budget for the Wastewater Fund is $27.0 million, which includes $8.1 million in capital projects and $2.0 million in debt service. Revenue is primarily from wastewater service fees paid by customers.

How much is budgeted by the City to provide transportation services to the public in FY 2022-23?

The City’s adopted budget for the Transportation Fund is $8.2 million, which includes $0.5 million in capital projects and approximately $5.7 million in transit contract service costs. Revenues come primarily from federal transportation act and state transportation development act gasoline taxes. Additional funding comes from state and federal grants and fare revenues from bus and Dial-A-Ride services.

How much is budgeted by the City to provide a municipal run golf course in FY 2022-23?

The City’s adopted budget for the Golf Course Fund is $7.0 million, which includes $0.4 million in capital projects and $5.7 million in management fees. The fund is offset by golf course and food and beverage fees.

How much is budgeted by the City to provide cultural arts through its theatres in FY 2022-23?

The City’s adopted budget for the Theatres Fund is $4.8 million to run both the Fred Kavli and Janet and Ray Scherr Forum Theatres. Revenues are primarily related to the rental of both theatres.

How much is budgeted for FY 2022-23’s Capital Improvement Program (CIP) projects?

The City has budgeted $44.8 million for CIP projects within ten different categories as follows:

• Water Projects - $8.4 million

• Street Projects - $14.3 million

• Landscape/Streetscape Projects - $3.6 million

• Wastewater Projects - $6.8 million

• Transportation/Traffic Projects - $4.6 million

• Facility Projects - $2.4 million

• Stormwater Projects - $3.7 million

• Library Projects - $0.8 million

• Open Space Projects - $0.1 million

• Undergrounding - $0.1 million

Where can you find out more about the City’s Operating and Capital Improvement Program (CIP) Budget?

Please refer to the budget information provided on the City’s website at www.toaks.org/departments/finance/budget-information.