STAFF REPORT
Meeting Date: September 22, 2026
To: Honorable Mayor & City Council
From: Howard S. Fisher, City Treasurer
Subject: Treasurer’s Report for the Month Ended August 31, 2026 Attachments: 1. Summary of Fund Balances
INTRODUCTION
This City Treasurer’s Report for the month ended August 31, 2026, includes a summary of cash receipts and disbursements as well as a summary of fund balances.
DISCUSSION
In August 2026, the City’s cash receipts, and cash disbursements respectively were approximately $31.9 million and $43.4 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 February 2027, with $73.5 million invested in LAIF and $77.9 million invested in CalTrust as of August 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 August 31, 2026:
RECOMMENDATION
This report is for information only.
GENERAL ACCOUNT BANK BALANCE - BEGINNING $ 32,051,910.95
CASH RECEIPTS
UTILITY BILLING $ 8,664,512.17
LEASE $ 2,139,089.59
PERMIT REVENUE RECEIPTS $ 4,159,818.08
TAX REVENUE
SALES TAX $ 4,859,699.07
PROPERTY TAX $ 3,995,542.79
BUSINESS TAX $ 1,469,227.57
TRANSIENT OCC. TAX $ 3,368,523.27
SUBTOTAL $ 13,692,992.70
AMBULANCE $ 235,906.13
PARKING/PARKING CITATION $ 2,101,907.32
R&P $ 540,542.76
POLICE/LIBRARY $ 38,280.62
WIRE IN (LACMTA/HIGHWAY TAX/DONATIONS/UAL REIMBURSEMENT/OTHER) $ 316,277.60 TOTAL - CASH RECEIPTS $ 31,889,326.97
CASH DISBURSEMENTS
AP $ (32,584,824.18)
WORKERS' COMP $ (463,162.70)
PAYROLL $ (9,947,444.91)
CASH/WIRES OUT (CHARGEBACKS/OTHER) $ (206,182.72)
BANK & CREDIT CARD FEES $ (155,502.87)
TOTAL - CASH DISBURSEMENTS $ (43,357,117.38)
ADDITIONAL CASH RECEIPTS & DISBURSEMENTS
INVESTMENT $ -
INTEREST INCOME $ 31,508.18
NET INVESTMENT $ 31,508.18
GENERAL ACCOUNT BANK BALANCE - ENDING $ 20,615,628.72
Howard S. Fisher,
City Treasurer
Approved By
Attachment 1
CITY OF BEVERLY HILLS
SUMMARY OF FUND BALANCES FOR THE MONTH ENDED
August 2026
(REPORT RUN September 2, 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 100: Community Development Block Grant Fund: A negative fund balance is created when funds are spent and until grant reimbursement is received.
4 Fund 199: Organized Retail Theft Prevention Fund: A negative fund balance is created when funds are spent and until grant reimbursement is received.
5 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. 6 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. 7 Fund 460: Workers’ Compensation 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. 8 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 $ 297,981,187.65 400 EQUIPMENT REPLACEMENT FUND $ 27,199,644.19 004 COMMTY DEV TECHNOLOGY FUND $ 6,791,259.73 405 CAPITAL ASSETS FUND $ 302,129,033.15 006 SEC 115 PENSION TRUST $ 37,903,642.20 410 INFORMATION TECHNOLOGY FUND $ 45,420,554.88 065 CASH DEPOSITS FUND $ - 4415 COMPENSATED ABSENCES LIABILITY FUND $ (8,800,163.05) 0681 GASB 68 & 75 GVT PENSION OPEB $ (151,562,212.06) 4506 LIABILITY CLAIMS RES FUND $ (28,351,175.08) 096 GENERAL FIXED ASSETS ACCOUNT GROUP $ 209,640,373.76 4607 WORKERS' COMPENSATION FUND $ (1,375,707.72) 0972 GENERAL LONG-TERM DEBT ACCOUNT GROUP $ (13,464,111.92) 470 UNEMPLOYMENT INSURANCE FUND $ 325,170.99 FUND BALANCES 480 POLICY, ADMIN, LEGAL FUND $ 31,279,671.15 1003 COMMUNITY DEVELOPMENT BLOCK GRANT FUND $ (10,105.64) ## 490 VEHICLE FUND $ 69,737,332.23 120 STATE GAS TAX FUND $ 1,944,874.71 491 VEHICLE OPERATIONS FUND $ 565,409.55 121 RMRA (SB1) FUND $ 1,997,362.35 FUND BALANCES
130 IN-LIEU PARKING DIST FUND $ 14,686,947.26 560 DEBT SERVICE FUND $ 3,593,934.84 140 GENERAL PLAN FUND $ 4,355,777.78 600 INFRASTRUCTURE CAPITAL PROJECT $ 65,753,823.75 160 PARKS & REC FACILITIES FUND $ 29,856,429.27 FUND BALANCES 180 FINE ART FUND $ 3,806,737.42 690 COMMTY CHARITABLE FOUNDATION $ 0.52 190 POLICE DEPT GRANT FUND $ 1,258,337.66 FUND BALANCES 191 FIRE DEPT GRANT FUND $ 188,669.37 800 WATER ENTERPRISE FUND $ 174,180,807.54 1994 ORGANIZED RETAIL THEFT PREVENTION FUND $ (17,936.80) 801 WATER CAPITAL FACILITIES FUND $ 11,604,488.41 210 AFFORDABLE HOUSING FUND $ 950,180.54 802 WATER SUPPLY CAPITAL FAC. FUND $ 6,543,188.55 240 AIR QUALITY IMPRVMNT FUND $ 161,296.69 810 PARKING ENTERPRISE FUND $ 73,197,773.70 260 CA SENATE BILL 1473 FUND $ 792,676.40 820 PARKING AUTHORITY ENT FUND $ 91,251,729.84 270 CA SENATE BILL 1186 FUND $ 404,981.07 830 SOLID WASTE ENTERPRISE FUND $ 15,772,967.14 280 MEASURE W - SAFE CLEAN WATER FUND $ 944,791.81 840 WASTEWATER ENTERPRISE FUND $ 117,204,051.82 300 PROP A FUND $ 5,327,091.55 841 WASTEWATER CAPACITY FEE FUND $ 1,268,721.60 310 PROP C FUND $ 6,125,827.17 850 STORMWATER ENTERPRISE FUND $ 20,225,646.71 315 MISC GRANTS FUND - NON-SAFETY $ - 851 STORMWATER - MEAS W - REG PRG FUND $ 963,625.67 323 SEIZED AND FORFEITED PROP-TREASURY FUND $ 858,681.52 8528 STORMWATER - CA DWR - PROP 1 FUND $ (698,924.39) 326 SEIZED AND FORFEITED PROP-FEDERAL FUND $ 2,197,270.95 FUND BALANCES 327 SEIZED AND FORFEITED PROP-STATE FUND $ 769.51 610 BURTON GREEN SCHOLRSHP FUND $ 67,461.42 330 MEASURE R FUND $ 3,849,245.92 660 BUCK ENDOWMENT TRUST FUND $ 265,693.37 335 METRO VIOLATION FUND $ 2,000,929.53
340 MEASURE M - LA METRO TAX FUND $ 2,932,398.86
GENERAL FUND INTERNAL SERVICE FUNDS
SPECIAL REVENUE FUNDS
FIDUCIARY FUNDS
PERMANENT FUNDS
ENTERPRISE FUNDS
INFRASTRUCTURE FUNDS