STAFF REPORT
Meeting Date: March 24, 2026
To: Honorable Mayor & City Council
From: Howard S. Fisher, City Treasurer
Subject: Treasurer’s Report for the Month Ended February 28, 2026 Attachments: 1. Summary of Fund Balances
INTRODUCTION
This City Treasurer’s Report for the month ended February 28, 2026, includes a summary of cash receipts and disbursements as well as a summary of fund balances.
DISCUSSION
In February 2026, the City’s cash receipts, and cash disbursements respectively were approximately $67.8 million and $26.8 million.
The City organizes its resources into the following main fund categories: General Fund, Special Revenue Funds, Internal Service Funds, Infrastructure Funds, Permanent Funds, Fiduciary Funds, and Enterprise Funds. Within each of these fund categories are multiple funds that relate to one or more City departments and attached is a summary of these fund balances.
Adequate liquidity exists within the portfolio to meet all known City requirements through at least August 2026, with $72.2 million invested in LAIF and $116.1 million invested in CalTrust as of February 28, 2026. We believe the City will have adequate liquidity to meet all requirements for the foreseeable future.
FISCAL IMPACT
None.
The following is a summary of the cash receipts and disbursements for month ended February 28, 2026:
RECOMMENDATION
This report is for information only.
GENERAL ACCOUNT BANK BALANCE - BEGINNING $ 45,787,138.01
CASH RECEIPTS
UTILITY BILLING $ 8,361,419.35
MISC. RECEIPTS $ -
LEASE $ 2,206,106.54
PERMIT REVENUE RECEIPTS $ 12,873,183.98
TAX REVENUE
SALES TAX $ 5,959,468.04
PROPERTY TAX $ 4,393,877.17
BUSINESS TAX $ 28,283,234.12
TRANSIENT OCC. TAX $ 2,861,399.11
SUBTOTAL $ 41,497,978.44
AMBULANCE $ 345,639.92
PARKING/PARKING CITATION $ 1,927,698.76
R&P $ 210,026.52
POLICE/LIBRARY $ 47,751.53
WIRE IN (LACMTA/HIGHWAY TAX/DONATIONS/OTHER) $ 286,458.48 TOTAL - CASH RECEIPTS $ 67,756,263.52
CASH DISBURSEMENTS
AP $ (17,076,251.50)
WORKERS' COMP $ (421,634.67)
PAYROLL $ (8,704,767.17)
CASH/WIRES OUT (CHARGEBACKS/OTHER) $ (185,503.86)
BANK & CREDIT CARD FEES $ (453,225.64)
TOTAL - CASH DISBURSEMENTS $ (26,841,382.84)
ADDITIONAL CASH RECEIPTS & DISBURSEMENTS
INVESTMENT $ (40,000,000.00)
INTEREST INCOME $ 51,439.14
NET INVESTMENT $ (39,948,560.86)
GENERAL ACCOUNT BANK BALANCE - ENDING $ 46,753,457.83
Howard S. Fisher,
City Treasurer
Approved By
Attachment 1
CITY OF BEVERLY HILLS
SUMMARY OF FUND BALANCES FOR THE MONTH ENDED
February 28, 2026
(REPORT RUN March 4, 2026)
1 Fund 068: GASB 68 & 75 Government Pension OPEB Fund: This fund will always have a debit fund balance because the fund hosts long term liabilities and some associated deferred outflows. 2 Fund 097: Long Term Debt Fund: This fund will always have a debit fund balance because the fund hosts long term liabilities and some associated deferred outflows.
3 Fund 315: Miscellaneous Grants Fund – Non-Safety: A negative fund balance is created when funds are spent and until grant reimbursement is received.
4 Fund 441: Compensated Absences Liability Fund: This fund is hosting the reserves for compensated absences and these reserves are not fully funded, thus the negative fund balance. 5 Fund 450: Liability Claims Res Fund: The negative fund balance results from the fact that liabilities are surpassing assets since the rise in claims liability exceeds the increase in ISF revenues credited to the fund. 6 Fund 852: Stormwater – CA DWR – Prop 1 Fund: The negative fund balance is created when funds are spent and until grant reimbursement is received.
FUND BALANCES FUND BALANCES
001 GENERAL FUND $ 293,193,999.53 400 EQUIPMENT REPLACEMENT FUND $ 26,201,696.72 004 COMMTY DEV TECHNOLOGY FUND $ 6,305,212.69 405 CAPITAL ASSETS FUND $ 295,947,027.41 006 SEC 115 PENSION TRUST $ 38,901,299.30 410 INFORMATION TECHNOLOGY FUND $ 45,437,914.85 065 CASH DEPOSITS FUND $ - 420 CABLE TELEVISION FUND $ 209,825.81 0681 GASB 68 & 75 GVT PENSION OPEB $ (163,224,173.82) 430 REPROGRAPHICS/GRAPHICS FUND $ 57,013.39 096 GENERAL FIXED ASSETS ACCOUNT GROUP $ 196,727,703.45 440 EMPLOYEE BENEFITS FUND $ 413.00 0972 GENERAL LONG-TERM DEBT ACCOUNT GROUP $ (16,543,120.01) 4414 COMPENSATED ABSENCES LIABILITY FUND $ (5,367,452.69) FUND BALANCES 4505 LIABILITY CLAIMS RES FUND $ (22,566,044.99) 100 COMMUNITY DEVELOPMENT BLOCK GRANT FUND $ 143,226.61 ## 460 WORKERS' COMPENSATION FUND $ 355,242.71 120 STATE GAS TAX FUND $ 5,292,518.60 470 UNEMPLOYMENT INSURANCE FUND $ 334,744.49 121 RMRA (SB1) FUND $ 3,362,826.40 480 POLICY, ADMIN, LEGAL FUND $ 27,947,887.68 130 IN-LIEU PARKING DIST FUND $ 15,094,328.42 490 VEHICLE FUND $ 69,964,288.96 140 GENERAL PLAN FUND $ 3,991,378.34 FUND BALANCES
160 PARKS & REC FACILITIES FUND $ 26,331,545.12 560 DEBT SERVICE FUND $ 4,993,524.46 180 FINE ART FUND $ 2,991,837.49 600 INFRASTRUCTURE CAPITAL PROJECT $ 65,548,583.10 190 POLICE DEPT GRANT FUND $ 1,425,401.08 FUND BALANCES 191 FIRE DEPT GRANT FUND $ 224,080.65 690 COMMTY CHARITABLE FOUNDATION $ 292,592.60 199 ORGANIZED RETAIL THEFT PREVENTION FUND $ 512,116.72 FUND BALANCES 210 AFFORDABLE HOUSING FUND $ 1,033,155.39 800 WATER ENTERPRISE FUND $ 173,989,545.80 240 AIR QUALITY IMPRVMNT FUND $ 135,017.44 801 WATER CAPITAL FACILITIES FUND $ 10,982,417.00 260 CA SENATE BILL 1473 FUND $ 579,657.97 802 WATER SUPPLY CAPITAL FAC. FUND $ 6,159,618.75 270 CA SENATE BILL 1186 FUND $ 394,844.48 810 PARKING ENTERPRISE FUND $ 66,898,082.31 280 MEASURE W - SAFE CLEAN WATER FUND $ 1,542,958.14 820 PARKING AUTHORITY ENT FUND $ 86,777,806.61 300 PROP A FUND $ 4,910,590.98 830 SOLID WASTE ENTERPRISE FUND $ 16,583,782.89 310 PROP C FUND $ 6,192,202.28 840 WASTEWATER ENTERPRISE FUND $ 116,191,261.78 3153 MISC GRANTS FUND - NON-SAFETY $ (33,327.00) 841 WASTEWATER CAPACITY FEE FUND $ 1,169,058.56 323 SEIZED AND FORFEITED PROP-TREASURY FUND $ 895,674.39 850 STORMWATER ENTERPRISE FUND $ 18,605,797.72 326 SEIZED AND FORFEITED PROP-FEDERAL FUND $ 2,241,697.94 851 STORMWATER - MEAS W - REG PRG FUND $ 972,484.36 327 SEIZED AND FORFEITED PROP-STATE FUND $ 769.51 8526 STORMWATER - CA DWR - PROP 1 FUND $ (699,239.83) 330 MEASURE R FUND $ 3,808,485.82 FUND BALANCES
335 METRO VIOLATION FUND $ 1,828,489.82 610 BURTON GREEN SCHOLRSHP FUND $ 69,430.51 340 MEASURE M - LA METRO TAX FUND $ 3,615,154.78 660 BUCK ENDOWMENT TRUST FUND $ 262,840.37
ENTERPRISE FUNDS
PERMANENT FUNDS
GENERAL FUND INTERNAL SERVICE FUNDS
SPECIAL REVENUE FUNDS
INFRASTRUCTURE FUNDS
FIDUCIARY FUNDS