STAFF REPORT
Meeting Date: April 21, 2026
To: Honorable Mayor & City Council
From: Howard S. Fisher, City Treasurer
Subject: Treasurer’s Report for the Month Ended March 31, 2026 Attachments: 1. Summary of Fund Balances
INTRODUCTION
This City Treasurer’s Report for the month ended March 31, 2026, includes a summary of cash receipts and disbursements as well as a summary of fund balances.
DISCUSSION
In March 2026, the City’s cash receipts, and cash disbursements respectively were approximately $42.8 million and $29.2 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 September 2026, with $72.2 million invested in LAIF and $116.5 million invested in CalTrust as of March 31, 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 March 31, 2026:
RECOMMENDATION
This report is for information only.
GENERAL ACCOUNT BANK BALANCE - BEGINNING $ 46,753,457.83
CASH RECEIPTS
UTILITY BILLING $ 7,622,675.48
MISC. RECEIPTS $ -
LEASE $ 2,510,992.18
PERMIT REVENUE RECEIPTS $ 14,317,476.73
TAX REVENUE
SALES TAX $ 3,026,130.48
PROPERTY TAX $ 503,736.65
BUSINESS TAX $ 4,009,105.71
TRANSIENT OCC. TAX $ 6,209,779.48
SUBTOTAL $ 13,748,752.32
AMBULANCE $ 236,251.49
PARKING/PARKING CITATION $ 2,284,528.21
R&P $ 1,235,905.50
POLICE/LIBRARY $ 61,431.30
WIRE IN (LACMTA/HIGHWAY TAX/DONATIONS/OTHER) $ 820,438.50 TOTAL - CASH RECEIPTS $ 42,838,451.71
CASH DISBURSEMENTS
AP $ (18,915,338.13)
WORKERS' COMP $ (450,116.19)
PAYROLL $ (9,406,760.45)
CASH/WIRES OUT (CHARGEBACKS/OTHER) $ (197,786.78)
BANK & CREDIT CARD FEES $ (189,913.35)
TOTAL - CASH DISBURSEMENTS $ (29,159,914.90)
ADDITIONAL CASH RECEIPTS & DISBURSEMENTS
INVESTMENT $ (25,000,000.00)
INTEREST INCOME $ 52,256.02
NET INVESTMENT $ (24,947,743.98)
GENERAL ACCOUNT BANK BALANCE - ENDING $ 35,484,250.66
Howard S. Fisher,
City Treasurer
Approved By
Attachment 1
CITY OF BEVERLY HILLS
SUMMARY OF FUND BALANCES FOR THE MONTH ENDED
March 31, 2026
(REPORT RUN April 7, 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.