Agenda packet, first session — Malibu City Council, February 23, 2026 (part 4 of 4)

93 Appendix D
Date: 10/27/2025
Project Number: 0011295.00
Prepared By: J. Kraetsch
Checked By: ME, MM
Description Quantity Unit Material+ Shipping Material Markup Material Tax Labor/Equip Total Unit Cost Total Cost Aspect: Sewer Collection SystemProject: Malibu Sewer Collection System on PCH to LASAN Mobilization & Demobilization (10%) 1 LS $ 5,393,000.00 $ 5,393,000 NPDES Permit Compliance and SWPPP (2%) 1 LS $ 1,079,000.00 $ 1,079,000 Raw Construction Cost Subtotal $ 60,400,000
Bonds and Insurance (2%) 1 LS $ 1,208,000.00 $ 1,208,000 Contractor Profit (15%) 1 LS $ 9,060,000.00 $ 9,060,000 Contingency (40%) 1 LS $ 24,160,000.00 $ 24,160,000 Cost Escalation to Midpoint of Construction (Dec. 2028, 4% Annual; 12% Total) 1 LS $ 11,234,400.00 $ 11,234,000
Total Construction Cost $ 106,062,000
Engineering / Design / Permitting / Environmental (10%) 1 LS $ 10,606,200.00 $ 10,606,000 Construction Management / Inspection (8%) 1 LS $ 8,484,960.00 $ 8,485,000 Total Project Capital Cost $ 125,153,000
Notes:

1. Costs reported in October 2025 dollars.2. Costs are benchmarked to the ENR CCI Los Angeles region for October 2025. CCI equal to 15994.21.3. Contractor overhead and general conditions (18%) and sales tax (10.25%) are embedded in the unit costs.

4. Subtotal and total costs are rounded to the nearest thousand.5. Trenchless crossing costs are based on Pilot-Tube Guided Auger Boring (PTGAB). PTGAB construction costs are roughly the same as Pilot-Tube Guided Pipe Ramming.

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Agenda Item # 7.A.

Council Agenda Report
To: Mayor Silverstein and the Honorable Members of the City Council Prepared by: Christopher Smith, Assistant City Manager
Reviewed by: Renée Neermann, Financial Controller
Approved by: Rob DuBoux, Interim City Manager
Date prepared: February 10, 2026 Meeting date: February 23, 2026 Subject: Fiscal Year 2025-26 Second Quarter Financial Report and Mid-Year Budget Amendments
RECOMMENDED ACTION: 1) Authorize bypassing the Administrative and Finance Subcommittee; 2) Receive and file Fiscal Year (FY) 2025-26 Second Quarter Financial Report; 3) Adopt Resolution No. 26-07 amending the annual budget for Fiscal Year 2025- 26; and 4) Adopt Resolution No. 26-08 amending the Authorized Positions and Salary Ranges for FY 2025-26.

FISCAL IMPACT: The Proposed FY 2025-26 Mid-Year Budget Amendments total a reduction of $596,000 in General Fund Revenue; an increase of $3.9 million in Disaster Fund Revenue; an increase of $2.75 million in General Fund expenditures, and $5.5 million in emergency and disaster management and Capital Improvement expenditures.

The total proposed amendments recognize an increase of $4.3 million in revenue over all funds and an increase of $11.85 million in overall expenditures. As of December 30, 2025, the projected budget General Fund Unassigned Reserve at June 30, 2026, is $50.3 million (unaudited).

Current expenditure levels are contributing to a reduction in the projected General Fund Unassigned ending balance and will exceed the 50% targeted reserve amount per Council Policy #3. Management is monitoring spending trends and evaluating corrective actions as needed.

STRATEGIC PLAN: N/A.

DISCUSSION: The FY 2025-26 amended budget builds on the budget approved by Council in June 2025 to support Malibu’s recovery from the Franklin and Palisades fires City Council meeting
02-23-26
Item

7.A.
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Agenda Item # 7.A.
as well as advance efforts in the Malibu Strategic Plan. Malibu’s economy continues to feel the effects of these natural disasters. But the City remains committed to supporting residents in rebuilding their homes and helping our local businesses through this recovery period, which has seen a decline in revenues from both Sales and Use Tax and Transient Occupancy Tax. However, the fundamentals of Malibu’s economy remain strong as residents return to their homes, local businesses reopen, and construction along the Pacific Coast Highway is completed, making it easier to access Malibu’s beaches, restaurants, and retail establishments.

To support the recovery and advance Council strategic priorities, the FY 2025-26 Amended Budget includes:
• Funding to cover anticipated costs from storm response • New city technology, including a new Land Management System • 1.8 FTE in additional staff positions and other personnel adjustments (includes a reorganization in the City Manager’s Office)
• Disaster Response infrastructure and services, much of which is anticipated to be eligible for reimbursement
• Safety improvements along the Pacific Coast Highway
The City is also tracking approximately $20 million in expenditures eligible for reimbursement from the federal government. Staff are working closely with FEMA and other authorities to process these reimbursements as expeditiously as possible. Staff anticipate receiving approximately $7 million in reimbursements this fiscal year.

The attached report provides revenue, expenditure and fund balance totals for the Second Quarter of FY 2025-26 and the proposed mid-year budget amendments (Attachment 1).

Revenues
The Revenues by Fund Report (pages A1 through A5) reflects General Fund revenues received of $20.97 million or 34.8% of the amended budgeted amount for the fiscal year.

Total revenue for all funds received through the second quarter is $27.02 million or 33% of the Amended Budget amount for the fiscal year. Many revenue sources are received on a quarterly or annual basis and, as such, will be reflected when the year-end report is presented. For example, property taxes are remitted by the County after they are paid by property owners in December and April; Property Tax - In Lieu payments typically come at the end of the year; and Transient Occupancy Tax - Private Rentals is remitted quarterly.

Therefore, this report only reflects payments made in October for the period of July through September. The second quarter payments will be received by the end of January and are not included in this report. Sales Tax is remitted quarterly to the State and then passed along to the City, so there is lag in those receipts as well. Additionally, total City revenue includes grant reimbursements for Capital Improvement Projects (CIP) expenditures that are typically received at the end of the fiscal year.
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Agenda Item # 7.A.

Status Summary
Malibu revenues were reduced as part of the FY 2025-26 budget based on a preliminary analysis on the impacts of the fires. The City remains on track to meet these reduced revenue targets with some variance. Property taxes (increased $1,000,000) and document transfer tax (increased $400,000) have done better than anticipated, as have parking enforcement citation revenues (increased $500,000).

However, transit occupancy tax revenue, especially from vacation rentals, is significantly down (reduced $1,000,000) as are interest earnings from City investments (reduced $700,000), which had to be reduced to cover disaster recovery expenditures. Staff is confident that Malibu will continue to recover from the disaster in the coming years, allowing the City to rebuild its reserves and provide funding for community priorities.

Expenditures
The Expenditure by Fund Report (pages A-6 through A-11) reflects budget carryovers from FY 2024-25, as well as the appropriations approved by the City Council for the current fiscal year in the Amended Budget column. Budget Adjustments, Carryovers, Corrections and Council Appropriations total $638,591 through December 31, 2025. General Fund expenditures for the second quarter total $35.44 million or 39.5% of the Amended Budget amount. Expenditures for all funds total $42.08 million or 37.9% of the Amended Budget amount.

Status Summary
The City has spent approximately 38% of its allocated budget as of December 31, 2025. This is aligned with past mid-year budget performance. Significant costs associated with the rebuild effort, including maintaining the Rebuild Center and contractors to facilitate the review of rebuild projects. These costs are largely eligible for reimbursement from the federal government and are tracked closely by City staff.

The other key area of note in expenditures is around staffing. With the City’s vacancy rate down to approximately 9%, the City has filled many critical positions at approved pay rates higher than those budgeted (i.e., a position was budgeted at Step 2, but the position was hired at Step 5 of the position’s salary scale). These costs are adjusted in the mid-year budget.

As part of the mid-year budget, staff are also asking for one-time funding to support additional storm response given the rains last winter and funding for a new Land Management System. There are also a handful of staffing adjustments, which are included in the Staffing section below.

Fund Balances
Projected Fund Balances for the fiscal year end are reflected on page A-12. The projected Unassigned Fund Balance at June 30, 2026, includes all expenses appropriated by the 3

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Agenda Item # 7.A.

Council as of December 31, 2025. The City ended FY 2024-25 with $67.3 million in the Unassigned General Fund Reserve, with $8.5 million committed for Capital in FY 2025- 26, leaving a July 1, 2025, beginning Unassigned General Fund balance of $58.8 million.

As of December 31, 2025, the projected General Fund Unassigned Reserve at June 30, 2026, is $42.2 million. Additionally, FY 2025-26 recognizes the use of $6.5 million which was Reserved for Contingencies.

Summary
The City’s fund balance is significantly impacted by the recent fires. This is both due to the impacts of the fire on our residents and local economy as well as the need to expend funds in support of community resilience and rebuilding. Significant investments were made to shore up the Big Rock area as well as funds for the Rebuild Center, including leased office space and contractors to streamline reviews.

It is important to note that approximately $20 million in expenditures are being tracked as eligible for reimbursement by the federal government for all natural disasters as far back as the Woolsey Fire. Almost $13 million of the $20 million is in support of the Palisades Fire response. In consultation with city tax advisors, staff anticipate the rate of expenditure of reserves to slow significantly and for the local economy to rebound. Nevertheless, it will take several years to replenish City reserves to pre-fire levels.

Mid-Year Budget Amendments
The Mid-Year Budget Amendments are detailed on pages A-13 through A-14. Below is a summary of General Fund amendments.

General Fund Revenue Amendments
The following amendments to the General Fund adopted revenue budget are a recommended total of ($596,404):

General Fund Expenditure Amendment
The included amendments to the adopted General Fund expenditure budget are recommended. The General Fund expenditures total an increase of $2.75 million; General Fund
100-0000-3111-00 Property Tax 1,000,000
100-0000-3131-00 Documentary Transfer Tax 400,000
100-0000-3133-01 Transient Occupancy Tax - Private Rentals (1,000,000) 100-0000-3137-xx Sales and Use Tax (596,404)
100-0000-3250-00 Parking Citation Fines 500,000
100-0000-3501-00 Interest Earnings (700,000)
101-0000-3410-03 Building Plan Check Fees - Dark Sky (100,000) 101-0000-3410-04 Building Plan Check Fees - Exterior Elevated Elements (100,000) Total General Fund Revenue (596,404)
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Agenda Item # 7.A.

Emergency Response increases of $980,000; Special Revenue Funds increases of $127,500; Capital Improvement Project increases of $3.5 million; and Disaster Capital Improvement increases of $4.5 million. The General Fund Operating Amendments, not including disaster and emergency response, are summarized below.

Personnel
Additional staff positions are being requested to assist the City with increased workload.

General Fund
100-3001-5120-00 Street Maintenance - Routine Street Maintenance 300,000 100-3001-5123-00 Street Maintenance - Storm Response 1,000,000 100-3001-5127-00 Street Maintenance - Weed Abatement 55,000 100-3001-7800-00 Street Maintenance - Equipment 25,000
100-3001-7800-00 Street Maintenance - Equipment 61,000
100-3001-8500-00 Street Maintenance - Information Systems Allocation 31,946 100-3008-5107-00 Public Works/Engineering - Contract Personnel 50,000 100-3008-8500-00 Public Works/Engineering - Information Systems Allocation 121,839 100-7001-6160-00 City Council - Operating Supplies 4,000 100-7002-4xxx-00 Media Operations - Salaries & Benefits 33,000 100-7002-6120-00 Media Operations - Computer Software 10,000 100-7003-4xxx-00 City Manager - Salaries & Benefits 450,000 100-7003-4xxx-00 City Manager - Salaries & Benefits 145,000 100-7003-5100-00 City Manager - Professional Services 35,000 100-7007-5100-00 City Clerk - Professional Services 10,000 100-7054-4xxx-00 Finance - Salaries & Benefits 17,000
100-7054-4xxx-00 Finance - Salaries & Benefits 40,000
100-7054-6120-00 Finance - Computer Software 25,000
100-7059-5107-00 Non-Departmental Services - Contract Personnel 15,000 100-7059-5720-00 Non-Departmental Services - Offsite Storage 30,000 101-2001-5401-00 Planning - Advertising & Noticing 10,000 102-7021-4101-00 Public Safety - Full-Time Salaries 29,957 103-9050-7300-00 City Hall Operations - Leasehold Improvements 250,000 105-9088-5401-00 Vacant Properties - Advertising & Noticing 1,000 Proposed Amended General Fund Expenditures 2,749,742
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Agenda Item # 7.A.

The Management and Administrative Services Department is requesting handful of key staffing adjustments to include the elimination of two Deputy City Manager positions, the addition of one Assistant Manager Position (for a total of two), and one Communications Assistant. The two Assistant City Managers – one focused on internal operations and the other focused on community priorities – will provide a streamlined structure to support the City Manager and the departments in serving the organization and the community. In addition to these changes, the budget provides for one additional position to support city communications.

The proposed Communications Assistant position will help address the City’s communication needs, which have expanded significantly due to increased public engagement expectations, greater reliance on digital platforms, and the need for timely, accurate information during routine operations and emergency situations. The proposed position would support public outreach efforts by assisting with content creation, social media management, website updates, and coordination of messaging across departments. The position would help ensure consistent branding, clear messaging, and regular engagement with the community while allowing higher-level staff to focus on strategic communications and policy-related messaging. The cost of the position is being partially offset by a reduction in contractual services for communications.

The Public Works Department is requesting the addition of one new job classification, a Public Works Administration Manager. The proposed job specification is needed to coordinate the work of administrative staff and external consultants for the Public Works Department. Specifically, the position will manage the City’s filing and reporting responsibilities related to Capital Improvement Projects, emergency response, recovery, and disaster-related funding. Additionally, the proposed classification would serve as the primary liaison between departments, Finance, consultants, and external funding agencies; and will ensure consistent documentation and timely submissions. Establishing this position enhances organizational readiness, protects significant financial resources, and provides a sustainable, centralized approach to disaster reimbursement efforts. This position is significantly funded through the reduction of a Senior Management Analyst position in the department.

The Public Safety Department is requesting a position to support the PCH speed camera pilot, which is a requirement of the pilot program. Revenues from the pilot program should offset the costs of this position. And the Community Services Department is requesting a permanent part-time position to assist with media and communications. Finally, there are a handful of position adjustments/reclassifications within departments with relatively minor budget impacts needed to support department operations.

The net staffing additions and deletions are equal to 1.8 FTE. To accommodate these proposed changes, a budget of $207,957 is included in the mid-year amendments should 6

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Agenda Item # 7.A.
recruitment efforts be realized expeditiously. Staffing needs will continue to be assessed and, if necessary, will be included in the FY 2026-27 Proposed Budget.

The addition of these positions and job classifications requires the Council to adopt an updated Authorized Positions and Salary Ranges Resolution for FY 2025-26, which is included with this report.

Continued Revenue Impacts
The Franklin and Palisades Fire, along with the extended closure and still continued construction on the Pacific Coast Highway have impacted key city revenue streams.

Malibu revenues were reduced as part of the FY 2025-26 budget based on a preliminary analysis on the impacts of the fires. The City remains on track to meet these reduced revenue targets with some variance. Property taxes (increased $1,000,000) and document transfer tax (increased $400,000) have been higher than estimated, as have parking enforcement citation revenues (increased $500,000). However, transit occupancy tax revenue, especially from vacation rentals is significantly down (reduced $1,000,000) as are interest earnings from City investments (reduced $640,000), which had to be reduced to cover disaster recovery expenditures. Staff is confident that Malibu will continue to recover from the disaster in the coming years, allowing the City to rebuild its reserves and provide funding for community priorities.

To support this financial recovery, staff have or are undertaking the following actions:
• Tracking approximately $20 million in operating and capital costs eligible for reimbursement from the Federal government for all disasters as far back as the Woolsey Fire.
• Looking to incorporate a forecast into our budget to help better plan for the out years and our capital costs
• Updating our fee schedule to present with the 26/27 budget • Bringing in a consultant to advise us on updating our reserve policies to leverage the best strategies to replenish our reserves
• Engaged Sunstone Cities to help us with recommendations for a Malibu-specific economic recovery
Long-Term Financial Considerations
Malibu’s financial position remains solid and the City is positioned to successfully undertake the multi-year recovery now underway. However, the General Fund fund balance has been significantly impacted by the recent fires. And Council will need to balance a number of competing elements as the City works to rebuild its financial position and meet the needs of the community.
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Agenda Item # 7.A.
• Rebuilding of City Reserves – Staff and Council will need to identify a strategy to rebuild the City’s General Fund reserves. Rebuilding reserves ensures the City preserves its excellent credit rating, allows the City to earn revenue off of investments, and ensures the community can withstand the next natural disaster. • Unfunded Capital Projects – The City has an extensive list of unfunded capital projects, including transformation of community lands, infrastructure resiliency projects, development of the sewer system along the Pacific Coast Highway, and improvements to traffic safety. These projects will need to be prioritized, and funding strategies put in place to be able to advance them. This may require some level of debt service if the City chooses to bond for any of its projects. • Economic Uncertainty – While many economic fundamentals such as the stock market and relatively low unemployment remain strong there is uncertainty in specific sectors impacting Malibu, including international tourism, continued concerns over inflation, budget shortfalls at the State and county level reducing services and funding opportunities, and shifts in America’s reputation and relationships globally all combine to create a high level of economic uncertainty. • Changes in Federal Government Practices – Along with the economic uncertainty comes uncertainty in federal government policies ranging from the threat of tariffs to substantial cuts in government programs to changes in requirements to receive federal funding. While the City works closely with FEMA and other federal agencies to track eligible disaster costs, how much of these costs will be reimbursed and when remains an open question, meaning the City must factor the impacts of disaster costs into its budget planning for the near term.

Even with these factors, Malibu remains in a relatively strong fiscal position and Malibu remains an extremely attractive destination of choice with beautiful beaches and a good mix of restaurants, shops, and businesses. Malibu will also benefit from the global attention placed on the Los Angeles region by the FIFA World Cup in 2026, the Superbowl in 2027, and LA28 Summer Olympics in 2028.

ATTACHMENTS:

1. FY 2025-26 Q2 Financial Report and Mid-Year Budget Amendments

2. Resolution No. 26-07 - FY 2025-26 Amended Annual Budget

3. Resolution No. 26-08 - FY 2025-26 Authorized Positions and Salary Ranges 8 Object Description
2025-26
Adopted
Amended
Budget
Actual thru
12/31/2025
Percentage
Received
2025-26
Estimated
100, 101, 102 & 103 General Fund
3111 Current Year Secured Property Tax $ 16,000,000 $ 16,000,000 $ 6,661,062 41.6% $ 17,000,000 3112 Current Year Unsecured Property Tax 500,000 500,000 486,044 97.2% 500,000 3113 Homeowner's Exemption 60,000 60,000 8,634 14.4% 60,000 3114 Prior Year Secured Property Tax - - - 0.0% -
3115 Prior Year Unsecured Property Tax 20,000 20,000 - 0.0% 20,000 3118 Property Tax In-Lieu 2,800,000 2,800,000 - 0.0% 2,800,000 Revenue from Property Taxes 19,380,000 19,380,000 7,155,740 36.9% 20,380,000 3131 Documentary Transfer Tax 800,000 800,000 344,810 43.1% 1,200,000 3132 Utility User's Tax 3,000,000 3,000,000 1,157,988 38.6% 3,000,000 3133 Transient Occupancy Tax - Hotels and Motels 2,500,000 2,500,000 956,443 38.3% 2,500,000 3133-01 Transient Occupancy Tax - Private Rentals 4,200,000 4,200,000 759,434 18.1% 3,200,000 3134 Franchise Fees 800,000 800,000 101,000 12.6% 800,000 3137 Sales and Use Tax 8,800,000 8,800,000 2,664,547 30.3% 8,203,596 3138 Parking Occupancy Tax 500,000 500,000 224,393 44.9% 500,000 Revenue From Other Taxes 20,600,000 20,600,000 6,208,615 30.1% 19,403,596 3201 Alarm Permits 30,000 30,000 7,881 26.3% 30,000
3202 Film Permits 300,000 300,000 120,934 40.3% 300,000 3203 Building Permits 1,200,000 1,200,000 703,297 58.6% 1,200,000 3203-01 Code Enforcement - Special Investigations 15,000 15,000 2,210 14.7% 15,000 3204 Wastewater Treatment System Permits 45,000 45,000 29,627 65.8% 45,000 3205 Plumbing Permits 170,000 170,000 100,578 59.2% 170,000 3207 Mechanical Permits 120,000 120,000 79,126 65.9% 120,000 3208 Electrical Permit Fees 250,000 250,000 207,247 82.9% 250,000 3209 Grading/Drainage Permit Fees 105,000 105,000 71,592 68.2% 105,000 3210 Miscellaneous Permits 8,000 8,000 2,981 37.3% 8,000 3418 OWTS Operating Permit Fees 400,000 400,000 208,162 52.0% 400,000 3420 Parking Permits 1,000 1,000 416 41.6% 1,000
3421 Planning Review Fees 1,200,000 1,200,000 676,072 56.3% 1,200,000 Revenue From Licenses and Permits 3,844,000 3,844,000 2,210,123 57.5% 3,844,000 3250 Parking Citation Fines 2,000,000 2,000,000 1,164,249 58.2% 2,500,000 Revenue From Fines and Forfeitures 2,000,000 2,000,000 1,164,249 58.2% 2,500,000 3316 Motor Vehicle In-Lieu Fees 15,000 15,000 16,414 109.4% 15,000 3318 Street Sweeping Reimbursements 50,000 50,000 12,724 25.4% 50,000 3313/3341 FEMA/OES Reimbursements 3,434,136 3,434,136 253,480 7.4% 7,131,678 3373 Proposition A Recreation - - - 0.0% -
3383 Measure A Recreation - - - 0.0% -
3381 LA County EWMP Reimbursement - - - 0.0% -
Revenue From Other Governments 3,499,136 3,499,136 282,618 8.1% 7,196,678 3408 Biology Review Fees 235,000 235,000 107,071 45.6% 235,000 3409 Document Retention Fees 20,000 20,000 12,625 63.1% 20,000 3410 Building Plan Check Fees 1,000,000 1,000,000 569,460 56.9% 1,000,000 3410-01 Administrative Plan Check Processing Fee 70,000 70,000 54,602 78.0% 70,000 3410-03 Building Plan Check Fees - Dark Sky 100,000 100,000 - 0.0% - 3410-04 Building Plan Check Fees - Exterior Elevated Elements 100,000 100,000 - 0.0% - 3411 Inspector Plan Check Fees 200,000 200,000 157,759 78.9% 200,000 3412 Geo Soils Engineering Fees 1,000,000 1,000,000 573,528 57.4% 1,000,000 3413 Other Plan Check Fees 30,000 30,000 62,834 209.4% 30,000 3414 Environmental Health Review Fees 400,000 400,000 267,037 66.8% 400,000 3415 Grading/Drainage Plan Review Fees 50,000 50,000 30,321 60.6% 50,000 3416 Code Enforcement Investigation Fees 80,000 80,000 38,460 48.1% 80,000 3419 Credit Card Fees 130,000 130,000 84,920 65.3% 130,000 3422 OWTS Practitioners Fees 8,000 8,000 3,575 44.7% 8,000 3425 CA Building Standards Surcharge 2,000 2,000 1,326 66.3% 2,000 3427 Technology Enhancement Fee 120,000 120,000 80,240 66.9% 120,000

REVENUES BY FUND
December 31, 2025
A1
Attachment 1
9 Object Description
2025-26
Adopted
Amended
Budget
Actual thru
12/31/2025
Percentage
Received
2025-26
Estimated

REVENUES BY FUND
December 31, 2025
General Fund (Continued)
3431 Public Works/Engineering Fees 375,000 375,000 281,714 75.1% 375,000 3432 WQMP Fees 35,000 35,000 13,908 39.7% 35,000
3434-01 Short-Term Rental Permit Fee 114,000 114,000 49,005 43.0% 114,000 3434-02 Short-Term Rental Violation Fines 10,000 10,000 - 0.0% 10,000 3435 Admin Permit Processing Fees 75,000 75,000 66,462 88.6% 75,000 3436 Electric Vehicle Charger Fees 5,000 5,000 2,050 41.0% 5,000 3441 Sale of Publications and Materials 50 50 103 206.0% 103 3444 Returned Check Service Fees 200 200 200 100.0% 200 3446 Vehicle Impound Release Fees 75,000 75,000 52,542 70.1% 75,000 3447 Election Fees 1,000 1,000 - 0.0% 1,000
3448 Subpoena Fees 3,000 3,000 975 32.5% 3,000
3449 False Alarm Service Charge 2,000 2,000 677 33.9% 2,000 3450 Residential Decals 500 500 70 14.0% 500
3461 Municipal Facility Use Fees 80,000 80,000 15,198 19.0% 40,000 3464 Sports Program Fees 50,000 50,000 17,960 35.9% 30,000 3466 Aquatics Program 150,000 150,000 70,372 46.9% 120,000 3467 Day Camp 70,000 70,000 13,312 19.0% 40,000
3468 Senior Adult Program 30,000 30,000 9,720 32.4% 20,000 3469 Skate Park 40,000 40,000 8,355 20.9% 30,000
3470 Recreation/Community Class Registration 80,000 80,000 23,603 29.5% 65,000 3471/3472 Special Events 7,500 7,500 9,970 132.9% 8,000 Revenue From Service Charges 4,748,250 4,748,250 2,679,954 56.4% 4,393,803 3501 Interest Earnings (General Fund - 101, 103, 104, 105) 3,500,000 3,500,000 634,807 18.1% 2,800,000 3505 City Hall Use Fees 20,000 20,000 5,586 27.9% 15,000 Use of Money and Property 3,520,000 3,520,000 640,393 18.2% 2,815,000 3342 Insurance Reimbursements 2,000,000 2,000,000 36,600 1.8% 2,000,000 3600 Proceeds from Grants 500,000 500,000 537,643 107.5% 550,000 3602 Proposition A Transportation Funds Exchange - - - 0.0% - 3901 Settlements - 50,000 50,000 100.0% 50,000
3902 Legal Fees - - - 0.0% -
3904 TOT Private Rental Penalties 10,000 10,000 259 2.6% 10,000 3905 Miscellaneous Reimbursements 15,000 15,000 - 0.0% 15,000 3920 Donations - 10,000 - 0.0% 10,000
3940 Sale of Surplus Property 3,000 3,000 5,378 0.0% 3,000 3930/3943 Miscellaneous Revenue 10,000 10,000 1,948 19.5% 10,000 Miscellaneous Revenue 2,538,000 2,598,000 631,828 24.3% 2,648,000 60,129,386 60,189,386 20,973,520 34.8% 63,181,077
Special Revenue Funds
201 Gas Tax Fund
3315 Highway User's Fees 305,347 305,347 133,572 43.7% 305,347 3501 Interest Earnings 6,000 6,000 1,816 30.3% 6,000
Total Gas Tax Fund 311,347 311,347 135,388 43.5% 311,347 202 Traffic Safety Fund
3312 Fines & Forfeitures 225,000 225,000 117,540 52.2% 225,000 3501 Interest Earnings 18,000 18,000 5,262 29.2% 18,000 Total Traffic Safety Fund 243,000 243,000 122,802 50.5% 243,000 Total General Fund
A2
10 Object Description
2025-26
Adopted
Amended
Budget
Actual thru
12/31/2025
Percentage
Received
2025-26
Estimated

REVENUES BY FUND
December 31, 2025
203 Proposition A Fund
3371 Prop A Funds 274,739 274,739 139,755 50.9% 274,739 3501 Interest Earnings 38,000 38,000 11,048 29.1% 38,000 Total Proposition A Fund 312,739 312,739 150,803 48.2% 312,739 204 Proposition C Fund
3372 Prop C Funds 227,889 227,889 115,922 50.9% 227,889 3501 Interest Earnings 19,000 19,000 3,953 20.8% 19,000 Total Proposition C Fund 246,889 246,889 119,875 48.6% 246,889 205 Measure R Fund
3374 Measure R Funds 170,917 170,917 86,928 50.9% 170,917 3501 Interest Earnings 14,000 14,000 2,851 20.4% 14,000 Total Measure R fund 184,917 184,917 89,779 48.6% 184,917 206 Air Quality Management Fund
3377 AQMD Funds 14,000 14,000 3,611 25.8% 14,000
3501 Interest Earnings 9,000 9,000 2,692 29.9% 9,000
Total Air Quality Management Fund 23,000 23,000 6,303 27.4% 23,000 207 Solid Waste Management Fund
3311 Solid Waste Management Surcharge 120,000 120,000 23,383 19.5% 120,000 3434 Recycling Fees 18,000 18,000 6,493 36.1% 18,000
3501 Interest Earnings 1,000 1,000 - 0.0% 1,000
3600 Grant Proceeds 70,925 70,925 68,433 96.5% 70,925
Total Solid Waste Management Fund 209,925 209,925 98,309 46.8% 209,925 208 Parkland Development Fund
3135 Parkland Development Fees 15,000 15,000 9,936 66.2% 15,000 3501 Interest Earnings 10,000 10,000 3,315 33.2% 10,000 Total Park Development Fund 25,000 25,000 13,251 53.0% 25,000 209 Quimby Fund
3501 Interest Earnings 500 500 67 13.4% 500
Total Quimby Fund 500 500 67 13.4% 500
211 COPS (Brulte) Grant Fund
3600 Proceeds From Grants (Brulte) 175,000 276,537 185,723 67.2% 276,537 Total COPS (Brulte) Fund 175,000 276,537 185,723 67.2% 276,537 212 Measure M Funds
3375 Measure M Funds 193,706 193,706 98,533 50.9% 193,706 3501 Interest Earnings 27,000 27,000 4,544 16.8% 27,000 Total Measure M Fund 220,706 220,706 103,077 46.7% 220,706 213 Road Maintenance and Rehabilitation Act (RMRA) Fund 3319 SB1 Annual Allocation 281,678 281,678 98,657 35.0% 281,678 3501 Interest Earnings 36,000 36,000 9,952 27.6% 36,000 Total RMRA Fund 317,678 317,678 108,609 34.2% 317,678
214 Art in Public Places Fund
3135 Art in Public Places Fees - - - 0.0% -
3501 Interest Earnings 2,000 2,000 628 31.4% 2,000
Total Art in Public Places Fund 2,000 2,000 628 31.4% 2,000 Special Revenue Funds (Continued)
A3
11 Object Description
2025-26
Adopted
Amended
Budget
Actual thru
12/31/2025
Percentage
Received
2025-26
Estimated

REVENUES BY FUND
December 31, 2025
215 Community Development Block Grant Fund
3320/3320-01 Proceeds From Grants 148,436 148,436 - 0.0% 148,436 Total Comm. Dev. Block Grant Fund 148,436 148,436 - 0.0% 148,436 218 Measure W - LA County Stormwater Fund
3379 Measure W Annual Allocation 382,000 382,000 754,085 197.4% 382,000 3501 Interest Earnings 44,000 44,000 14,893 33.8% 44,000 Total Measure W - LA County Stormwater 426,000 426,000 768,978 180.5% 426,000 225 Grants Fund
3376 TDA - - - 0.0% -
3600 Proceeds From Grants 8,808,396 8,808,396 96,991 1.1% 9,746,762 Total Grants Fund 8,808,396 8,808,396 96,991 1.1% 9,746,762 290 Big Rock LMD Fund
3116 Big Rock Mesa Assessment 382,035 382,035 151,817 39.7% 382,035 3501 Interest Earnings 10,000 10,000 2,188 21.9% 10,000 Total Big Rock LMD Fund 392,035 392,035 154,005 39.3% 392,035 291 Malibu Road LMD Fund
3116 Malibu Road Assessment 69,269 69,269 27,648 39.9% 69,269 3501 Interest Earnings 3,000 3,000 836 27.9% 3,000
Total Malibu Road LMD Fund 72,269 72,269 28,484 39.4% 72,269 292 Calle Del Barco LMD Fund
3116 Calle Del Barco Assessment 94,965 94,965 54,486 57.4% 94,965 3501 Interest Earnings 6,000 6,000 1,813 30.2% 6,000
Total Calle Del Barco LMD Fund 100,965 100,965 56,299 55.8% 100,965 715 Civic Center Water Treatment Facility AD
3501 Interest Earnings 344,000 344,000 100,415 29.2% 344,000 3915 Civic Center Water Treatment Facility AD 2,573,173 2,573,173 838,334 32.6% 2,573,173 Total Civic Ctr Water Treatment Facility AD 2,917,173 2,917,173 938,749 32.2% 2,917,173 517 Civic Center Water Treatment Facility - Phase Two
3501 Interest Earnings 117,000 117,000 35,536 30.4% 117,000 3950 CCWTF - Phase Two Construction - Bond Proceeds - - - 0.0% - 2080 CCWTF - Phase Two Contributions - - - 0.0% -
Total Civic Ctr Water Treatment Facility AD 117,000 117,000 35,536 30.4% 117,000 712 Carbon Beach Undergrounding CFD Fund
3915 Carbon Beach Undergrounding Assessment 256,789 256,789 102,655 40.0% 256,789 3501 Interest Earnings 9,000 9,000 1,574 17.5% 9,000
Total Carbon Beach Undergrounding CFD 265,789 265,789 104,229 39.2% 265,789 713 Broad Beach Assessment District
3915 Broad Beach Undergrounding Assessment 140,397 140,397 61,168 43.6% 140,397 3501 Interest Earnings 11,000 11,000 2,568 23.3% 11,000 Total Broad Beach Undergrounding AD 151,397 151,397 63,736 42.1% 151,397 Total Special Revenue Funds 15,672,161 15,773,698 3,381,621 21.4% 16,712,064 Special Revenue Funds (Continued)
A4
12 Object Description
2025-26
Adopted
Amended
Budget
Actual thru
12/31/2025
Percentage
Received
2025-26
Estimated

REVENUES BY FUND
December 31, 2025
500 Legacy Park Project Fund
3501 Interest Earnings 60,000 60,000 16,528 27.5% 60,000 3505 Proceeds from Rent 1,561,176 1,535,478 748,684 48.8% 1,535,478 3600 Proceeds from Grants - 2,000 2,000 100.0% 2,000
3373 Prop A Recreation - - - 0.0% -
3383 Measure A Recreation - - - 0.0% -
3905 Miscellaneous Reimbursements 65,740 65,740 63,881 97.2% 150,740 3943 Other Miscellaneous Revenue - - - 0.0% -
Total Legacy Park Project Fund 1,686,916 1,663,218 831,093 50.0% 1,748,218 Total Legacy Park Project Fund 1,686,916 1,663,218 831,093 50.0% 1,748,218 515 Civic Center Wastewater Treatment Facility O&M
3501 Interest Earning 5,000 5,000 4,762 95.2% 5,000
3510 Sewer Service Fees 2,400,000 2,400,000 867,875 36.2% 2,400,000 3915 Contributions-Property Owners - - - 0.0% -
Total CCWTF O&M 2,405,000 2,405,000 872,637 36.3% 2,405,000 Total CCWTF O&M Funds 2,405,000 2,405,000 872,637 36.3% 2,405,000 601 Vehicle Fund
3501 Interest Earnings 10,000 10,000 6,212 62.1% 10,000 3951 Vehicle Charges 144,000 144,000 72,000 50.0% 144,000 Total Vehicle Fund 154,000 154,000 78,212 50.8% 154,000 602 Information Technology Fund
3501 Interest Earnings 1,000 1,000 - 0.0% 1,000
3952 Information Technology Charges 1,756,262 1,756,262 885,560 50.4% 1,756,262 Total Information Technology Fund 1,757,262 1,757,262 885,560 50.4% 1,757,262 Total Internal Service Funds 1,911,262 1,911,262 963,772 50.4% 1,911,262 Total Revenue - All Funds $ 81,804,725 $ 81,942,564 $ 27,022,643 33.0% $ 85,957,621 Total 2024-25 Adopted budget: $ 81,804,725
Account Description Amount Comment Date
500-0000-3505-06 Super Care Drugs - One-time 50% Rent Reduction Budget Amendment (25,698) Council Action 8/11/2025 100-0000-3920-00 SCE Donation for 2025 Safety & Preparedness Fair Budget Amendment 10,000 Council Action 8/25/2025 100-0000-3901-00 Cross Creek Ranch Settlement Agreement Settlement Reimb 50,000 Budget Adjustment 8/21/2025 211-0000-3600-00 COPS (Brulte) Grant Proceeds Proceeds from Grants 101,537 Budget Adjustment 10/31/2025 500-0000-3600-00 Legacy Park Project Fund - Water Bottle Filling Stations Proceeds from Grants 2,000 Budget Adjustment 7/23/2025 Total Amendments 137,839
Total Amendment Budget $ 81,942,564
Internal Service Funds
Reconciliation of adopted to amended budget
A5
13 Adopted Budget Amended
Budget (1)
Actual thru
12/31/2025 % Spent 2025-26
Estimated
General Fund
Management and Administration
7001 City Council
Salaries & Benefits $ 70,754 $ 70,754 $ 34,940 49.4% $ 70,754 Operating 709,292 709,292 701,413 98.9% 709,292
Total City Council 780,046 780,046 736,353 94.4% 780,046 7002 Media Operations
Salaries & Benefits 274,959 274,959 129,081 51.2% 274,959 Salaries & Benefits - Palisades Fire 23,713 23,713 23,713 23,713 Operating 653,567 953,567 135,753 14.2% 953,567
Total Media 952,239 1,252,239 288,547 23.0% 1,252,239
7003 City Manager
Salaries & Benefits 1,229,163 1,229,163 603,669 49.9% 1,229,163 Salaries & Benefits - Palisades Fire 18,861 18,861 18,861 18,861 Operating 507,367 507,367 228,504 45.0% 507,367
Total City Manager 1,755,391 1,755,391 851,034 48.5% 1,755,391 7005 Legal Counsel
Salaries & Benefits - - - n/a -
Operating 1,393,000 1,393,000 901,533 64.7% 1,393,000
Total Legal Counsel 1,393,000 1,393,000 901,533 64.7% 1,393,000 7054 Finance
Salaries & Benefits 1,119,020 1,119,020 374,637 33.6% 1,119,020 Salaries & Benefits - Franklin Fire 60 60 60 60
Salaries & Benefits - Palisades Fire 2,575 2,575 2,575 3,174 Operating 843,509 843,509 416,283 49.4% 843,509
Total Finance 1,965,164 1,965,164 793,555 40.4% 1,965,763 7058 Human Resources
Salaries & Benefits 524,773 524,773 235,747 44.9% 524,773 Operating 333,575 333,575 114,624 34.4% 333,575
Total Human Resources 858,348 858,348 350,371 40.8% 858,348 7059 Non Departmental Services
Salaries & Benefits 78,729 78,729 37,549 47.7% 78,729
OPEB/Retiree Health/Unfunded Liability 1,762,017 1,762,017 1,013,347 57.5% 1,762,017 Operating 2,564,377 2,564,377 1,408,188 54.9% 2,564,377 Total Non Departmental Services 4,405,123 4,405,123 2,459,084 55.8% 4,405,123 103-9050 City Hall
Salaries & Benefits 163,966 163,966 81,831 49.9% 163,966 Operating 1,410,865 1,410,865 607,078 43.0% 1,410,865
Total City Hall 1,574,831 1,574,831 688,909 43.7% 1,574,831 9088 Vacant Land
Salaries & Benefits - - - n/a -
Operating 502,700 502,700 21,407 4.3% 502,700
Total Vacant Land 502,700 502,700 21,407 4.3% 502,700
9050/9074/9088 Debt Service (City Hall / Trancas / Vacant Land) 3,299,701 3,299,701 - 0.0% 3,299,701 3,299,701 3,299,701 - 0.0% 3,299,701
Total Management & Administration 17,486,543 17,786,543 7,090,793 39.9% 17,787,142 City Clerk
7007 City Clerk
Salaries & Benefits 652,092 652,092 307,801 47.2% 652,092 Operating 203,963 203,963 98,340 48.2% 203,963
Total City Clerk 856,055 856,055 406,141 47.4% 856,055
Total City Clerk 856,055 856,055 406,141 47.4% 856,055

EXPENDITURES BY FUND
December 31, 2025
A6
14 Adopted Budget Amended
Budget (1)
Actual thru
12/31/2025 % Spent 2025-26
Estimated

EXPENDITURES BY FUND
December 31, 2025
General Fund (Continued)
Public Safety
7021 Public Safety Services
Salaries & Benefits 923,543 923,543 446,153 48.4% 923,543 Salaries & Benefits - Palisades Fire 822 822 822 822
Operating 15,743,421 15,778,921 6,477,151 41.0% 15,778,921 Total Public Safety 16,667,786 16,703,286 6,924,126 41.5% 16,703,286 Total Public Safety 16,667,786 16,703,286 6,924,126 41.5% 16,703,286 Community Services
4001 General Recreation
Salaries & Benefits 787,380 787,380 398,043 50.6% 787,380 Operating 233,834 235,850 127,056 53.9% 235,850
Total General Recreation 1,021,214 1,023,230 525,099 51.3% 1,023,230 4002 Aquatics
Salaries & Benefits 345,072 345,072 162,839 47.2% 345,072 Operating 124,520 124,520 39,380 31.6% 124,520
Total Aquatics 469,592 469,592 202,219 43.1% 469,592
4003 Outdoor Recreation
Salaries & Benefits 33,419 33,419 23,710 70.9% 33,419
Operating 14,550 14,550 5,117 35.2% 14,550
Total Outdoor Recreation 47,969 47,969 28,827 60.1% 47,969 4004 Day Camps
Salaries & Benefits 48,105 48,105 24,351 50.6% 48,105
Operating 60,000 60,000 25,324 42.2% 60,000
Total Day Camps 108,105 108,105 49,675 46.0% 108,105
4005 Skate Park
Salaries & Benefits 42,238 42,238 16,708 39.6% 42,238
Operating 89,485 89,485 6,420 7.2% 89,485
Total Skate Park 131,723 131,723 23,128 17.6% 131,723
4006 Sports
Salaries & Benefits 77,694 77,694 36,061 46.4% 77,694
Operating 48,845 48,845 8,504 17.4% 48,845
Total Sports 126,539 126,539 44,565 35.2% 126,539
4007 Community Programs
Salaries & Benefits 115,812 115,812 47,204 40.8% 115,812 Operating 81,700 81,700 22,692 27.8% 81,700
Total Community Programs 197,512 197,512 69,896 35.4% 197,512 4008 Senior Adult Programs
Salaries & Benefits 104,332 104,332 68,294 65.5% 104,332 Operating 166,435 166,435 42,005 25.2% 166,435
Total Senior Adult Programs 270,767 270,767 110,299 40.7% 270,767 4010 Park Maintenance
Salaries & Benefits 338,288 338,288 141,162 41.7% 338,288 Operating 1,409,682 1,429,682 371,801 26.0% 1,429,682
Total Park Maintenance 1,747,970 1,767,970 512,963 29.0% 1,767,970 4011 Special Events
Salaries & Benefits 117,907 117,907 56,077 47.6% 117,907 Operating 225,658 225,658 31,637 14.0% 225,658
Total Special Events 343,565 343,565 87,714 25.5% 343,565 4012 Malibu Arts
Salaries & Benefits 187,598 187,598 62,812 33.5% 187,598 Operating 93,302 93,302 37,776 40.5% 93,302
Total Malibu Arts 280,900 280,900 100,588 35.8% 280,900 Total Community Services 4,745,856 4,767,872 1,754,973 36.8% 4,767,872 A7
15 Adopted Budget Amended
Budget (1)
Actual thru
12/31/2025 % Spent 2025-26
Estimated

EXPENDITURES BY FUND
December 31, 2025
General Fund (Continued)
Environmental & Sustainability Development
2004 Building Safety & Sustainability
Salaries & Benefits 1,994,607 1,994,607 721,494 40.7% 1,994,607 Salaries & Benefits - Broad Fire 236 236 236 236
Salaries & Benefits - Franklin Fire 1,167 1,167 1,167 1,167 Salaries & Benefits - Palisades Fire 151,252 151,252 151,252 151,252 Operating 4,481,440 4,481,440 1,112,477 24.8% 4,481,440 Total Building Safety & Sustainability 6,628,702 6,628,702 1,986,626 30.0% 6,628,702 2010 Wastewater Management
Salaries & Benefits 333,898 333,898 80,950 24.4% 333,898 Salaries & Benefits - Franklin Fire 8 8 8 8
Salaries & Benefits - Palisades Fire 723 723 723 723
Operating 338,931 338,931 121,308 35.8% 338,931
Total Wastewater Management 673,560 673,560 202,989 30.1% 673,560 3003 Clean Water Program
Salaries & Benefits 547,749 547,749 149,071 28.9% 547,749 Salaries & Benefits - Franklin Fire 49 49 49 49
Salaries & Benefits - Palisades Fire 12,801 12,801 12,801 12,801 Operating 1,728,858 1,728,858 836,780 48.4% 1,728,858
Total Clean Water Program 2,289,457 2,289,457 998,701 43.6% 2,289,457 Total Env. & Sustainability Development 9,591,719 9,591,719 3,188,316 33.2% 9,591,719 Planning Deparment
2001 Planning
Salaries & Benefits 3,479,631 3,479,631 1,530,529 44.9% 3,479,631 Salaries & Benefits - Franklin Fire 36 36 36 36
Salaries & Benefits - Palisades Fire 55,854 55,854 55,854 55,854 Operating 2,306,660 2,306,660 648,828 28.1% 2,306,660
Total Planning 5,842,181 5,842,181 2,235,247 38.3% 5,842,181 2012 Code Enforcement
Salaries & Benefits 713,010 713,010 320,595 45.0% 713,010 Operating 215,950 215,950 136,200 63.1% 215,950
Total Code Enforcement 928,960 928,960 456,795 49.2% 928,960 Total Planning Department 6,771,141 6,771,141 2,692,042 39.8% 6,771,141 Public Works/Engineering
3001 Street Maintenance
Salaries & Benefits 526,973 526,973 237,949 45.2% 526,973 Salaries & Benefits - Palisades Fire 796 796 796 796
Operating 2,818,700 2,818,700 1,497,400 53.1% 2,818,700 Total Street Maintenance 3,346,469 3,346,469 1,736,145 51.9% 3,346,469 3005 Fleet Operations
Salaries & Benefits - - - n/a -
Operating 21,000 95,703 82,283 86.0% 95,703
Total Fleet Operations 21,000 95,703 82,283 86.0% 95,703 3007 Stormwater Facilities
Salaries & Benefits - - - n/a -
Operating 220,500 220,500 48,909 22.2% 220,500
Total Stormwater Facilities 220,500 220,500 48,909 22.2% 220,500 3008 Public Works
Salaries & Benefits 1,867,777 1,867,777 805,521 44.5% 1,867,777 Salaries & Benefits - Franklin Fire 776 776 776 776
Salaries & Benefits - Palisades Fire 47,113 47,113 47,113 47,113 Operating 646,946 646,946 255,300 39.5% 646,946
Total Public Works 2,562,612 2,562,612 1,108,710 43.3% 2,562,612 Total Public Works /Engineering 6,150,581 6,225,284 2,976,047 47.8% 6,225,284 A8
16 Adopted Budget Amended
Budget (1)
Actual thru
12/31/2025 % Spent 2025-26
Estimated

EXPENDITURES BY FUND
December 31, 2025
General Fund (Continued)
Disaster Response
3002 Woolsey Fire Rebuilds and Storm Response 1,061,000 1,061,000 298,521 28.1% 1,061,000 9200 Woolsey Fire & Storm Response CIP Projects 5,200,000 5,200,000 653,566 12.6% 2,481,003 Total Woolsey Fire Response 6,261,000 6,261,000 952,087 15.2% 3,542,003 3100 Broad Fire - Emergency Response/Recovery - - 421 0.0% 421 Total Broad Fire Response - - 421 0.0% 421
3101 Franklin Fire - Salaries & Benefits - - 8 0.0% 8
3101 Franklin Fire - Emergency Response/Recovery 1,217,017 1,217,017 18,679 1.5% 1,217,017 3101 Franklin Fire - CIP Projects - - - 0.0% 11,974
Total Franklin Fire Response 1,217,017 1,217,017 18,687 1.5% 1,228,999 3102 Palisades Fire - Salaries & Benefits 152,739 152,739 22,492 14.7% 152,739 3102 Palisades Fire - Emergency Response/Recovery 7,635,852 7,635,852 4,202,604 55.0% 7,635,852 3102 Palisades Fire - CIP Projects 3,192,271 3,256,498 4,028,783 123.7% 7,766,498 Total Palisades Fire Response 10,980,862 11,045,089 8,253,879 74.7% 15,555,089 General Fund CIP
9000 General Fund CIP 8,476,107 8,476,107 1,181,691 13.9% 9,575,041 9000 Case Crummer Reserved for CIP - - - 0.0% -
Total General Fund CIP 8,476,107 8,476,107 1,181,691 13.9% 9,575,041 Total General Fund 89,204,667 89,701,113 35,439,203 39.5% 92,604,052 Special Revenue Funds
203-3009 Transportation Services 571,468 571,468 235,164 41.2% 571,468 207-3004 Solid Waste Management 583,871 583,871 177,735 30.4% 583,871 211-7021 Public Safety - Brulte 175,000 276,537 123,475 44.7% 276,537 215-7070 Community Development Block Grant 60,454 60,454 61,814 102.2% 60,454 290-6002 Big Rock Mesa LMD 389,177 389,177 98,474 25.3% 389,177 291-6003 Malibu Road LMD 83,371 83,371 22,965 27.5% 83,371 292-6004 Calle del Barco LMD 87,381 87,381 28,698 32.8% 87,381 712-9048 Carbon Beach Undergrounding CFD 238,276 238,276 179,570 75.4% 238,276 713-9052 Broad Beach Undergrounding AD 142,680 142,680 99,190 69.5% 142,680 715-9049 Civic Center Wastewater Treatment Plant AD 2,319,386 2,319,386 1,954,303 84.3% 2,319,386 CCWTF Phase Two - - - 0.0% -
Total Special Revenue Funds 4,651,064 4,752,601 2,981,388 62.7% 4,752,601 A9
17 Adopted Budget Amended
Budget (1)
Actual thru
12/31/2025 % Spent 2025-26
Estimated

EXPENDITURES BY FUND
December 31, 2025
Capital Project Funds
310 Capital Improvement Fund
9002 Annual Street Overlay 800,000 800,000 66 0.0% 1,000,000 9115 Big Rock Drive and Tuna Canyon Resurfacing Deferred Deferred - n/a Deferred 9058 PCH Intersection Improvements - - 132,504 0.0% 132,504 9065 MCLE Office Trailer 900,000 900,000 22,886 2.5% 900,000 9066 PCH Signal Synchronization Imp. 4,155,904 4,155,904 68,937 1.7% 5,655,904 9075 Civic Center Way Treatment Facility Ph 2 670,000 670,000 145,584 21.7% 670,000 9078 City Hall Solar Power On Hold On Hold - n/a On Hold 9090 Permanent Skate Park 5,053,111 5,053,111 883,621 17.5% 5,393,111 9100 PCH/Trancas Right Turn Lane 1,130,000 1,130,000 16,658 1.5% 1,130,000 9101 PCH Crosswalk Improvements 290,000 290,000 132,787 45.8% 290,000 9102 PCH Median Imp at Paradise Cove/Zuma 221,670 221,670 12,063 5.4% 45,858 9103 Kanan Dume Biofilter 530,000 530,000 1,971 0.4% 530,000 9105 Traffic Signals Backup Power - 19,670 19,670 0.0% 19,670 9108 Harbor Vista Curb Return Modifications Deferred Deferred - n/a 350,000 9109 PCH at Las Flores & Rambla Pacifico 400,000 400,000 123,141 30.8% 400,000 9110 Encinal Canyon 60" Storm Drain Repairs 844,300 865,238 312 0.0% 865,238 9114 PCH Ped Undercrossing at Malibu Seafood 350,000 350,000 54,333 15.5% 350,000 9116 Stuart Ranch Road Walkway Deferred Deferred - n/a Deferred 9118 Legacy Park Arbors Renovations 150,000 150,000 - 0.0% - 9120 Pt. Dume Storm Drain Improvements - Ph 1 Deferred Deferred - n/a Deferred 9121 Charmlee Park Nature Center Renovations 185,000 185,000 - 0.0% 185,000 9122 Legacy Park Irrigation Improvements Deferred Deferred - n/a Deferred 9123 Malibu Bluffs Park Snack Shack 425,000 425,000 - 0.0% 425,000 9124 Land Management System 75,000 75,000 - 0.0% 75,000 9125 PCH Quick Build Roundabouts 1,875,000 1,875,000 110,415 5.9% 1,875,000 9126 City Hall Audio Visual and Broadcast System 500,000 500,000 - 0.0% 500,000 CIP General Fund Expenses (funding offset) (8,476,107) (8,476,107) (1,181,691) 13.9% (9,575,041) CIP Case Crummer Reserve (funding offset) - - - 0.0% -
Total Capital Project Funds 10,078,878 10,119,486 543,257 5.4% 11,217,244 Legacy Park Project Fund
500 7004 Legacy Park Debt Service 1,085,419 1,085,419 892,733 82.2% 1,085,419 7008 Legacy Park - Salaries & Benefits 133,983 133,983 56,247 42.0% 133,983 7008 Legacy Park - Operations 923,007 923,007 347,723 37.7% 923,007 Total Legacy Park Project Fund 2,142,409 2,142,409 1,296,703 60.5% 2,142,409 Civic Center Wastewater Treatment Facility Fund
515 3010 CCWTF Sewer Svcs - Salaries & Benefits 112,015 112,015 41,099 36.7% 112,015 3010 CCWTF Sewer Svcs - Operations 2,196,222 2,196,222 941,916 42.9% 2,196,222 Total CCWTF Fund 2,308,237 2,308,237 983,015 42.6% 2,308,237 Internal Service Funds
3005 Vehicle 89,000 89,000 35,877 40.3% 89,000
7060 Information Technology
Salaries & Benefits 748,915 748,915 362,977 48.5% 748,915 Operating 1,096,500 1,096,500 439,100 40.0% 1,096,500
Total Information Technology 1,845,415 1,845,415 802,077 43.5% 1,845,415 Total Internal Service Funds 1,934,415 1,934,415 837,954 43.3% 1,934,415 Total All Funds $ 110,319,670 $ 110,958,261 $ 42,081,520 37.9% $ 114,958,958 (1) The amended budget column includes the original budget amount plus encumbrance carryovers and any additional appropriations.

A10
18 Adopted Budget Amended
Budget (1)
Actual thru
12/31/2025 % Spent 2025-26
Estimated

EXPENDITURES BY FUND
December 31, 2025
Reconciliation of adopted to amended budget
Total 2025-26 Adopted budget: $ 110,319,670
Account Description Project Amount Comment Date
100-7021-7800-00 Public Safety - Equipment LA-RICS Radios for Emergency Comms 35,500 Budget Carryover 7/1/2025 102-9225-5100-00 Capital Improvement Projects - Palisades Fire Burn Area Guardrail Replacement 64,227 Budget Carryover 7/1/2025 310-9105-5100-00 Capital Improvement Projects CIP 9105 - Traffic Signals Backup Power 19,670 Budget Carryover 7/1/2025 310-9110-5100-00 Capital Improvement Projects CIP 9110 - Encinal Canyon 60" Stormdrain 20,938 Budget Carryover 7/1/2025 601-3005-7700-00 Fleet Operations - Equipment - Fleet Vehicles F-24 VOP Vehicle (Ford Explorer SUV) 74,703 Budget Carryover 7/1/2025 100-4010-7300-00 Park Maintenance - Capital Outlay - Parkland Dev Bluffs Park - Telescope installation 20,000 Council Appropriation 8/11/2025 100-7002-5100-00 Media Operations - Professional Services Tripepi Smith on-call communications svcs 300,000 Council Appropriation 8/11/2025 100-4001-5107-00 General Recreation - Contract Personnel Malibu Film Society - Audio-visual Consult. 2,016 Council Appropriation 8/11/2025 100-4010-7300-00 Park Maintenance - Capital Outlay Non-Natve Tree Removal Expenses (20,000) Budget Transfer 7/1/2025 100-4010-5130-00 Park Maintenance - Parks Maintenance Non-Natve Tree Removal Expenses 20,000 Budget Transfer 7/1/2025 100-7021-5116-00 Public Safety - Beach Team LA-RICS Radios for Emergency Comms (100,000) Budget Transfer 7/1/2025 100-7021-7800-00 Public Safety - Equipment LA-RICS Radios for Emergency Comms 100,000 Budget Transfer 7/1/2025 102-9204-5100-00 Disaster CIP - Clover Heights Storm Drain Imp Move funding source from HMGP Program (416,778) Budget Transfer 7/1/2025 102-9204-5100-00 Disaster CIP - Clover Heights Storm Drain Imp Move funding source to SCE Escrow Settlmt 416,778 Budget Transfer 7/1/2025 102-3102-5100-02 Disaster Response - Palisades Fire Recognize HCD Recovery Grant funding (210,000) Budget Transfer 7/1/2025 102-0000-3600-00 Proceeds from Grants - HCD Recovery Grant Recognize HCD Recovery Grant funding 210,000 Budget Transfer 7/1/2025 310-9090-5100-00 CIP - Permanent Skate Park Move funding from OGALS to General Fund (185,822) Budget Transfer 7/1/2025 310-9090-5100-00 CIP - Permanent Skate Park Move funding from Settlement to General Fnd (150,000) Budget Transfer 7/1/2025 310-9090-5100-00 CIP - Permanent Skate Park Move funding source to General Fund 335,822 Budget Transfer 7/1/2025 100-7003-5100-00 City Manager's Office - Professional Services Tripepi Smith Amend 2-Vacant Land Outreach (50,000) Budget Transfer 7/14/2025 105-9088-5100-00 Vacant Properties - Professional Services Tripepi Smith Amend 2-Vacant Land Outreach 50,000 Budget Transfer 7/14/2025 500-7008-5130-00 Legacy Park - Maintenance Water Bottle Filling Stations (Grant Funded) (2,000) Budget Transfer 7/23/2025 500-7008-7300-00 Legacy Park - Improvements Water Bottle Filling Stations (Grant Funded) 2,000 Budget Transfer 7/23/2025 211-7021-5115-00 Special Revenue Fund-Law Enforcement Svcs COPS/Brulte Grant-Expend addl revenue rcvd 101,537 Budget Correction 10/31/2025 638,591
Total 2025-26 Current Amended Budget: $ 110,958,261
A11
19 Budget Estimated Estimated Transfers In/Out Other 2025-26 Estimated Non-Current/ Budget Fund Balance Revenues Expenditures Fiscal Year Activity & Fund Balance Unavailable Fund Balance FUND July 1, 2025 6/30/2026 6/30/2026 2025-26 PY Non-current 6/30/2026 Revenue June 30, 2026 General Fund - Unassigned $ 58,779,746 $ 56,049,399 $ 54,993,591 $ (17,627,624) $ - $ 42,207,930 $ - $ 42,207,930 General Fund - Committed - Contingencies 6,500,000 - 6,500,000 - - - - - General Fund - Committed - CIPs 8,476,107 - 9,575,041 - - (1,098,934) - (1,098,934) General Fund - Assigned - SCE Settlement Woolsey F 3,230,798 - - (849,167) - 2,381,631 - 2,381,631 Committed - Deferred Maintenance 1,023,138 - 814,500 - - 208,638 - 208,638 Committed - Water Quality Settlement 51,076 - - - - 51,076 - 51,076 Restricted - Case (Crummer) Parcel - - - - - - - -
Restricted - Housing Element Program 123,306 - 65,000 - - 58,306 - 58,306 Restricted - City Facilities - La Paz 550,000 - - - - 550,000 - 550,000 Unassigned - FEMA Disaster Projects & CIP - 7,131,678 20,655,920 19,477,345 - 5,953,103 - 5,953,103 Total General Fund 78,734,171 63,181,077 92,604,052 1,000,554 - 50,311,750 - 50,311,750 201 Gas Tax Fund 87,948 311,347 - (300,000) - 99,295 - 99,295 202 Traffic Safety Fund 330,305 243,000 - (300,000) - 273,305 - 273,305 203 Proposition A Fund 683,771 312,739 571,468 - - 425,042 - 425,042 204 Proposition C Fund 210,620 246,889 - (265,000) - 192,509 - 192,509 205 Measure R Fund 155,596 184,917 - (260,000) - 80,513 - 80,513 206 Air Quality Management Fund 173,187 23,000 - - - 196,187 - 196,187 207 Solid Waste Management Fund 3,011 209,925 583,871 373,946 - 3,011 - 3,011 208 Parkland Development In-Lieu Fund 205,306 25,000 - - - 230,306 - 230,306 209 Quimby Fund 4,278 500 - - - 4,778 - 4,778
211 COPS Brulte Grant Fund - 276,537 276,537 - - - - -
212 Measure M Fund 259,612 220,706 - (300,000) - 180,318 - 180,318 213 RMRA (SB1) Fund 632,364 317,678 - (280,000) - 670,042 - 670,042 214 Art in Public Places In-Lieu Fund 39,849 2,000 - - - 41,849 - 41,849 215 Community Development Block Grant Fund - 148,436 60,454 (87,982) - - - - 218 Measure W LA County Stormwater 686,805 426,000 - (1,052,000) - 60,805 - 60,805 225 Grants Fund - 9,746,762 - (9,746,762) - - - -
290 Big Rock LMD 139,811 392,035 389,177 - - 142,669 - 142,669 291 Malibu Road LMD 51,005 72,269 83,371 - - 39,903 - 39,903 292 Calle Del Barco LMD 115,451 100,965 87,381 - - 129,035 - 129,035 712 Carbon Beach Undergrounding CFD 493,257 265,789 238,276 - - 520,770 - 520,770 713 Broad Beach Assessment District 305,753 151,397 142,680 - - 314,470 - 314,470 715 CCWTF AD Phase One 8,147,598 2,917,173 2,319,386 - - 8,745,385 - 8,745,385 517 CCWTF Phase Two 454,503 117,000 - - - 571,503 - 571,503 Total Special Revenue Funds 13,180,030 16,712,064 4,752,601 (12,217,798) - 12,921,695 - 12,921,695 Capital Improvements Fund - - 11,217,244 11,217,244 - - - - Total Capital Improvement Funds - - 11,217,244 11,217,244 - - - - Legacy Park Project Fund 783,836 1,748,218 2,142,409 - - 389,645 - 389,645 Total Legacy Fund 783,836 1,748,218 2,142,409 - - 389,645 - 389,645 Civic Center Wastewater Treatment Facility 574,153 2,405,000 2,308,237 - - 670,916 - 670,916 Total Civic Center Wastewater Treatment Fac. 574,153 2,405,000 2,308,237 - - 670,916 - 670,916 601 Vehicle 419,606 154,000 89,000 - - 484,606 - 484,606 602 Information Technology 196,329 1,757,262 1,845,415 - - 108,176 - 108,176 Total Internal Service Funds 615,935 1,911,262 1,934,415 - - 592,782 - 592,782 Total All Funds $ 93,888,125 $ 85,957,621 $ 114,958,958 $ - $ - $ 64,886,788 $ - $ 64,886,788 FY 2025-26 ESTIMATED BUDGET FUND BALANCES
December 31, 2025
A12
20 FISCAL YEAR 2025-26 PROPOSED BUDGET AMENDMENTS
Account Description Amount Detail

REVENUE
TOTAL ADOPTED REVENUE BUDGET $ 87,041,488
General Fund
100-0000-3111-00 Property Tax 1,000,000 To increase anticipated Property Tax revenue 100-0000-3131-00 Documentary Transfer Tax 400,000 To increase anticipated Documentary Transfer Tax revenue 100-0000-3133-01 Transient Occupancy Tax - Private Rentals (1,000,000) Reduced TOT due to homes not operating as a result of Palisades Fire 100-0000-3137-xx Sales and Use Tax (596,404) Reduced Sales Tax due to slow local economy 100-0000-3250-00 Parking Citation Fines 500,000 To increase anticipated Parking Citation Fines revenue 100-0000-3501-00 Interest Earnings (700,000) Reduced investment interest earnings 101-0000-3410-03 Building Plan Check Fees - Dark Sky (100,000) No anticipated revenue for FY 2025-26 101-0000-3410-04 Building Plan Check Fees - Exterior Elevated Elements (100,000) No anticipated revenue for FY 2025-26 Total General Fund Revenue (596,404)
Emergency & Disaster Management
102-0000-3313/41-00 FEMA/OES Reimbursements 3,697,542 Funding for Disaster CIP projects 102-0000-3600-00 Proceeds from Grants 200,000 LA County Grant - Las Flores Park fire damages Total Disaster Fund Revenue 3,897,542
Special Revenue Funds
225-0000-3600-00 Measure M Subregional Highway Funds 1,500,000 Additional Measure M Funding provided by METRO for CIP 9066 225-0000-3600-00 Measure M Subregional Highway Funds (175,812) Reduction in Measure M Funding for cancelled project - CIP 9102 225-0000-3600-00 Proceeds from Grants (185,822) OGALS Grant applied to CIP 9090 in FY 2024-25 225-0000-3600-00 Proceeds from Grants (200,000) LA County Grant - Las Flores Park fire damages Total Disaster Fund Revenue 938,366
Legacy Park Fund
500-0000-3905-00 Miscellaneous Reimbursements 85,000 For Legacy Park tenant reimbursements (utilities, insurance, WW fees) Total Legacy Park Fund Revenue 85,000
TOTAL PROPOSED AMENDMENTS - ALL FUNDS 4,324,504
Total Proposed Revenue Budget $ 91,365,992

EXPENDITURES
TOTAL ADOPTED EXPENDITURE BUDGET 110,958,261
Total Adopted General Fund Expenditures 89,701,113
General Fund
100-3001-5120-00 Street Maintenance - Routine Street Maintenance 300,000 Increase for routine maint (repairs, labor costs, & speed hump install) 100-3001-5123-00 Street Maintenance - Storm Response 1,000,000 Increase for potential expenses through the rainy season (Dec-Apr) 100-3001-5127-00 Street Maintenance - Weed Abatement 55,000 Increase due to high rainfall and resulting vegetation growth 100-3001-7800-00 Street Maintenance - Equipment 25,000 To remove/replace bollards and replace City entrance signs 100-3001-7800-00 Street Maintenance - Equipment 61,000 To purchase 3 portable changeable message signs 100-3001-8500-00 Street Maintenance - Information Systems Allocation 31,946 To correct Internal Service charges for this division 100-3008-5107-00 Public Works/Engineering - Contract Personnel 50,000 For temporary administrative staff to ease workload 100-3008-8500-00 Public Works/Engineering - Information Systems Allocation 121,839 To correct Internal Service charges for this division 100-7001-6160-00 City Council - Operating Supplies 4,000 Additional funding for operating expenses 100-7002-4xxx-00 Media Operations - Salaries & Benefits 33,000 To fund a Media Assistant position 100-7002-6120-00 Media Operations - Computer Software 10,000 For teleprompter and access card cloud service 100-7003-4xxx-00 City Manager - Salaries & Benefits 450,000 For existing salary & benefit compensation 100-7003-4xxx-00 City Manager - Salaries & Benefits 145,000 To fund an Assistant City Manager Position in the CM Office 100-7003-5100-00 City Manager - Professional Services 35,000 Athenian Group - Strategic Plan Modernization/CM Transition Support 100-7007-5100-00 City Clerk - Professional Services 10,000 Consultant assistance with records management program 100-7054-4xxx-00 Finance - Salaries & Benefits 17,000 For existing salary & benefit compensation 100-7054-4xxx-00 Finance - Salaries & Benefits 40,000 Part-time Temporary Staff for Budget planning support 100-7054-6120-00 Finance - Computer Software 25,000 For financial software increased pricing 100-7059-5107-00 Non-Departmental Services - Contract Personnel 15,000 For temporary administrative staff 100-7059-5720-00 Non-Departmental Services - Offsite Storage 30,000 Add'l offsite storage due to reconfiguration of City Hall office space 101-2001-5401-00 Planning - Advertising & Noticing 10,000 For increase in public noticing of planning applications 102-7021-4101-00 Public Safety - Full-Time Salaries 29,957 Public Safety Specialist to implement & operate a speed safety program 103-9050-7300-00 City Hall Operations - Leasehold Improvements 250,000 Architectural space design services for City Hall office space 105-9088-5401-00 Vacant Properties - Advertising & Noticing 1,000 Advertisements for Community Lands project Proposed Amended General Fund Expenditures 2,749,742
A13
21 Emergency & Disaster Management - Palisades Fire
102-3100-5100-04 Disaster Response - Professional Services - Public Works 20,000 For DCM Partners to begin closeout of Woolsey Fire FEMA/OES 102-3102-5100-02 Disaster Response - Professional Services - Planning 110,000 For Permitting Liaison - Fundedy by HCD Planning Recovery Grant 102-3102-5100-02 Disaster Response - Professional Services - ESD 50,000 Geotechnical, coastal engineering, & environmental health coordination 102-3102-5100-04 Disaster Response - Professional Services - Public Works 800,000 For various consultants/contractors to assist with Palisades recovery Proposed Amended Emergency & Disaster Management Expenditures 980,000 Special Revenue Funds
207-3004-5100-00 Solid Waste Management - Professional Services 45,000 Increase for expanded workload and SB 1383 & AB 939 compliance 207-3004-5100-01 Solid Waste Management - Dumpster Lid Enforcement 15,000 Increase for expanded scope of Clean Bay inspections 215-7070-7800-00 CDBG - Other Equipment 67,500 Increase for continued rental of trailer and restroom (pending perm trailer) Proposed Amended Special Revenue Expenditures 127,500
Capital Improvement Project Fund
310-9002-5100-00 CIP - Annual Street Overlay 200,000 Increased costs to asphalt 310-9058-5100-00 CIP - PCH Intersection Improvements 132,504 Final costs on project due to disallowed expenses determined at audit 310-9066-5100-00 CIP - PCH Signal Synchronization (Measure M Hwy Ops) 1,500,000 Additional Measure M Funding provided by METRO 310-9090-5100-00 CIP - Permanent Skate Park 340,000 To perform materials inspection required for the skate park project 310-9108-5100-00 CIP - Harbor Vista Curb Return Modifications 350,000 To increase curb return radius at Malibu Canyon & Harbor Vista Drive 310-9124-5100-00 CIP - Land Management System 800,000 To fund replacement of current system & include project mgmt support 310-XXXX-5100-00 CIP - City Hall Fire Suppression System (Information Syst) 150,000 To detect and extinguish fires in areas housing sensitive IT equipment Proposed Amended CIP Expenditures 3,472,504
Disaster Capital Improvements
102-9223-5100-00 Disaster CIP - Big Rock Drainage Infrastructure 4,500,000 To complete replacement of drainage system in the Big Rock community 102-9224-5100-00 Disaster CIP - Rambla Vista Retaining Walls 10,000 To complete repairs to retaining walls damaged by the Palisades Fire 102-9226-5100-00 Disaster CIP - Malibu Canyon Guardrails Replacement 11,974 To complete replacement of guardrails damaged by the Franklin Fire Proposed Amended Disaster CIP Expenditures 4,521,974
TOTAL PROPOSED AMENDMENTS - ALL FUNDS 11,851,720
TOTAL AMENDED EXPENDITURE BUDGET (all funds) $ 122,809,981 A14
22 Attachment 2
RESOLUTION NO. 26-07

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MALIBU
AMENDING THE ANNUAL BUDGET FOR FISCAL YEAR 2025-26
The City Council of the City of Malibu does hereby find, order and resolve as follows:

SECTION 1. Since the adoption of the 2025-26 annual budget on June 23, 2025, the City has determined that additional revenue and expenditure adjustments are necessary, which require amending the Adopted Budget for Fiscal Year 2025-26.

SECTION 2. The 2025-26 annual budget is hereby amended as shown in Exhibit A. The 2025- 26 annual budget adopted June 23, 2025, by Resolution No. 25-37 as modified by Exhibit A shall be the official municipal budget for the City of Malibu.

SECTION 3. This Resolution shall become effective immediately upon its passage and adoption.

SECTION 4. The City Clerk shall certify to the passage and adoption of this resolution and enter it into the book of original resolutions.

PASSED, APPROVED, and ADOPTED this 23rd day of February 2026. _____________________________
BRUCE SILVERSTEIN, Mayor
ATTEST:
_________________________________
KELSEY PETTIJOHN, City Clerk
(seal)
APPROVED AS TO FORM:
_________________________________
TREVOR RUSIN, Interim City Attorney
23 Resolution No. 26-07

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_____________________

EXHIBIT A
FISCAL YEAR 2025-26 PROPOSED BUDGET AMENDMENTS
Account Description Amount Detail

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_____________________
FISCAL YEAR 2025-26 PROPOSED BUDGET AMENDMENTS
Account Description Amount Detail

EXPENDITURES
TOTAL ADOPTED EXPENDITURE BUDGET 110,958,261
Total Adopted General Fund Expenditures 89,701,113
General Fund
100-3001-5120-00 Street Maintenance - Routine Street Maintenance 300,000 Increase for routine maint (repairs, labor costs, & speed hump install) 100-3001-5123-00 Street Maintenance - Storm Response 1,000,000 Increase for potential expenses through the rainy season (Dec-Apr) 100-3001-5127-00 Street Maintenance - Weed Abatement 55,000 Increase due to high rainfall and resulting vegetation growth 100-3001-7800-00 Street Maintenance - Equipment 25,000 To remove/replace bollards and replace City entrance signs 100-3001-7800-00 Street Maintenance - Equipment 61,000 To purchase 3 portable changeable message signs 100-3001-8500-00 Street Maintenance - Information Systems Allocation 31,946 To correct Internal Service charges for this division 100-3008-5107-00 Public Works/Engineering - Contract Personnel 50,000 For temporary administrative staff to ease workload 100-3008-8500-00 Public Works/Engineering - Information Systems Allocation 121,839 To correct Internal Service charges for this division 100-7001-6160-00 City Council - Operating Supplies 4,000 Additional funding for operating expenses 100-7002-4xxx-00 Media Operations - Salaries & Benefits 33,000 To fund a Media Assistant position 100-7002-6120-00 Media Operations - Computer Software 10,000 For teleprompter and access card cloud service 100-7003-4xxx-00 City Manager - Salaries & Benefits 450,000 For existing salary & benefit compensation 100-7003-4xxx-00 City Manager - Salaries & Benefits 145,000 To fund an Assistant City Manager Position in the CM Office 100-7003-5100-00 City Manager - Professional Services 35,000 Athenian Group - Strategic Plan Modernization/CM Transition Support 100-7007-5100-00 City Clerk - Professional Services 10,000 Consultant assistance with records management program 100-7054-4xxx-00 Finance - Salaries & Benefits 17,000 For existing salary & benefit compensation 100-7054-4xxx-00 Finance - Salaries & Benefits 40,000 Part-time Temporary Staff for Budget planning support 100-7054-6120-00 Finance - Computer Software 25,000 For financial software increased pricing 100-7059-5107-00 Non-Departmental Services - Contract Personnel 15,000 For temporary administrative staff 100-7059-5720-00 Non-Departmental Services - Offsite Storage 30,000 Add'l offsite storage due to reconfiguration of City Hall office space 101-2001-5401-00 Planning - Advertising & Noticing 10,000 For increase in public noticing of planning applications 102-7021-4101-00 Public Safety - Full-Time Salaries 29,957 Public Safety Specialist to implement & operate a speed safety program 103-9050-7300-00 City Hall Operations - Leasehold Improvements 250,000 Architectural space design services for City Hall office space 105-9088-5401-00 Vacant Properties - Advertising & Noticing 1,000 Advertisements for Community Lands project Proposed Amended General Fund Expenditures 2,749,742
Emergency & Disaster Management - Palisades Fire
102-3100-5100-04 Disaster Response - Professional Services - Public Works 20,000 For DCM Partners to begin closeout of Woolsey Fire FEMA/OES 102-3102-5100-02 Disaster Response - Professional Services - Planning 110,000 For Permitting Liaison - Fundedy by HCD Planning Recovery Grant 102-3102-5100-02 Disaster Response - Professional Services - ESD 50,000 Geotechnical, coastal engineering, & environmental health coordination 102-3102-5100-04 Disaster Response - Professional Services - Public Works 800,000 For various consultants/contractors to assist with Palisades recovery Proposed Amended Emergency & Disaster Management Expenditures 980,000 Special Revenue Funds
207-3004-5100-00 Solid Waste Management - Professional Services 45,000 Increase for expanded workload and SB 1383 & AB 939 compliance 207-3004-5100-01 Solid Waste Management - Dumpster Lid Enforcement 15,000 Increase for expanded scope of Clean Bay inspections 215-7070-7800-00 CDBG - Other Equipment 67,500 Increase for continued rental of trailer and restroom (pending perm trailer) Proposed Amended Special Revenue Expenditures 127,500
Capital Improvement Project Fund
310-9002-5100-00 CIP - Annual Street Overlay 200,000 Increased costs to asphalt 310-9058-5100-00 CIP - PCH Intersection Improvements 132,504 Final costs on project due to disallowed expenses determined at audit 310-9066-5100-00 CIP - PCH Signal Synchronization (Measure M Hwy Ops) 1,500,000 Additional Measure M Funding provided by METRO 310-9090-5100-00 CIP - Permanent Skate Park 340,000 To perform materials inspection required for the skate park project 310-9108-5100-00 CIP - Harbor Vista Curb Return Modifications 350,000 To increase curb return radius at Malibu Canyon & Harbor Vista Drive 310-9124-5100-00 CIP - Land Management System 800,000 To fund replacement of current system & include project mgmt support 310-XXXX-5100-00 CIP - City Hall Fire Suppression System (Information Syst) 150,000 To detect and extinguish fires in areas housing sensitive IT equipment Proposed Amended CIP Expenditures 3,472,504
Disaster Capital Improvements
102-9223-5100-00 Disaster CIP - Big Rock Drainage Infrastructure 4,500,000 To complete replacement of drainage system in the Big Rock community 102-9224-5100-00 Disaster CIP - Rambla Vista Retaining Walls 10,000 To complete repairs to retaining walls damaged by the Palisades Fire 102-9226-5100-00 Disaster CIP - Malibu Canyon Guardrails Replacement 11,974 To complete replacement of guardrails damaged by the Franklin Fire Proposed Amended Disaster CIP Expenditures 4,521,974
TOTAL PROPOSED AMENDMENTS - ALL FUNDS 11,851,720
TOTAL AMENDED EXPENDITURE BUDGET (all funds) $ 122,809,981 25 RESOLUTION NO. 26-08

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MALIBU
RESCINDING SECTION 2 OF RESOLUTION NO. 25-39 AND APPROVING

THE AUTHORIZED POSITIONS AND SALARY RANGES FOR FISCAL
YEAR 2025-26 AND APPROVING THE PUBLIC WORKS

ADMINISTRATION MANAGER AND COMMUNICATIONS ASSISTANT

JOB SPECIFICATIONS
The City Council of the City of Malibu does hereby find, order and resolve as follows:

SECTION 1. On June 23, 2025, the City Council adopted Resolution No. 25-39 approving the Authorized Position and Salary Ranges for Fiscal Year 2025-26.

SECTION 2. Since June 23, 2025, changes to the Authorized Positions and Salary Ranges for Fiscal Year 2025-26 are needed.

SECTION 3. Section 2 of Resolution 25-39 is hereby rescinded.

SECTION 4. The Public Works Administration Manager and Communications Assistant job specifications, as set forth in Exhibit A, are hereby approved.

SECTION 5. The City Council has reviewed the updated Authorized Positions and Salary Ranges for Fiscal Year 2025-26 as set forth in Exhibit B.

SECTION 6. The Authorized Positions and Salary Ranges for Fiscal Year 2025-26 incorporated by this reference are hereby approved.

SECTION 7. The City Manager has the authority to increase a salary range as needed for authorized positions that are required to be on call for emergency services by a maximum of three percent.

SECTION 8. This Resolution shall become effective immediately upon its passage and adoption.

SECTION 9. The City Clerk shall certify to the passage and adoption of this resolution and enter it into the book of original resolutions.

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_____________________
APPROVED AS TO FORM:
_________________________________
TREVOR RUSIN, Interim City Attorney
27 Resolution No. 26-08

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_____________________

EXHIBIT A
28 Resolution No. 26-08

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_____________________
29 Resolution No. 26-08

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_____________________
30 Resolution No. 26-08

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_____________________
31 Resolution No. 26-08

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_____________________
32 Resolution No. 26-08

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_____________________
33 Resolution No. 26-08

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_____________________
34 Resolution No. 26-08

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_____________________
35 Resolution No. 26-08

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_____________________

EXHIBIT B
36 Resolution No. 26-08

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_____________________
37 Resolution No. 26-08

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_____________________
38 Resolution No. 26-08

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_____________________
Minimum Maximum
City Manager n/a
Assistant City Manager 38 $235,976 $307,895
Community Development Director 36 $214,037 $279,270
Deputy City Manager 36 $214,037 $279,270
Public Works Director/City Engineer 36 $214,037 $279,270 Community Services Director 34 $194,138 $253,306
Public Safety Director 34 $194,138 $253,306
Assistant Community Development Director 32 $176,089 $229,756 Building Official 32 $176,089 $229,756
Financial Controller 32 $176,089 $229,756
City Clerk 31 $167,704 $218,815
Assistant Public Works Director/Asst City Engineer 30 $159,718 $208,395 Deputy Community Development Director 30 $159,718 $208,395 Environmental Sustainability Manager/Dep Building Official 30 $159,718 $208,395 Human Resources Manager 30 $159,718 $208,395
Information Systems Manager 30 $159,718 $208,395
Deputy Public Works Director 29 $152,112 $198,472
Planning Manager 29 $152,112 $198,472
Community Services Deputy Director 28 $144,869 $189,021 Environmental Programs Manager 28 $144,869 $189,021
Public Safety Manager 28 $144,869 $189,021
Public Works Superintendent 27 $137,970 $180,020
Senior Civil Engineer 27 $137,970 $180,020
Senior Plan Check Engineer 27 $137,970 $180,020
Code Enforcement Manager 26 $131,400 $171,447
Development and Operations Manager 26 $131,400 $171,447 Information Systems Administrator 26 $131,400 $171,447
Principal Planner 26 $131,400 $171,447
Public Information Officer 26 $131,400 $171,447
Recreation Manager 26 $131,400 $171,447
Assistant to the City Manager 25 $125,143 $163,283
Associate Civil Engineer 25 $125,143 $163,283
Plan Check Engineer 25 $125,143 $163,283
Associate Engineer 24 $119,184 $155,508
Environmental Health Administrator 24 $119,184 $155,508 Media Information Officer 24 $119,184 $155,508
Senior Planner 24 $119,184 $155,508
Supervising Building Inspector 24 $119,184 $155,508
Assistant City Clerk 23 $113,508 $148,103
Emergency Services Coordinator 23 $113,508 $148,103
Environmental Compliance Coordinator 23 $113,508 $148,103 Information Systems Analyst 23 $113,508 $148,103
Classification Title
Salary Range
Annual Base Salary
Per Contract
39 Resolution No. 26-08

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_____________________
Parks Supervisor 23 $113,508 $148,103
Senior Management Analyst 23 $113,508 $148,103
Assistant Engineer 22 $108,103 $141,050
Associate Planner 22 $108,103 $141,050
Certified Plans Examiner 22 $108,103 $141,050
Financial Analyst 22 $108,103 $141,050
Environmental Sustainability Analyst 21 $102,955 $134,333 Fire Safety Liaison 21 $102,955 $134,333
Grants Analyst 21 $102,955 $134,333
Human Resources Analyst 21 $102,955 $134,333
Management Analyst 21 $102,955 $134,333
Public Safety Coordinator 21 $102,955 $134,333
Senior Building Inspector 21 $102,955 $134,333
Senior Public Works Inspector 21 $102,955 $134,333
Executive Assistant 20 $98,053 $127,937
Recreation Supervisor 20 $98,053 $127,937
Senior Code Enforcement Officer 20 $98,053 $127,937
Assistant Planner 19 $93,384 $121,844
Building Inspector 19 $93,384 $121,844
Environmental Programs Specialist 19 $93,384 $121,844
Public Works Inspector 19 $93,384 $121,844
Code Enforcement Officer 18 $88,937 $116,042
Deputy City Clerk 18 $88,937 $116,042
Information Systems Technician 18 $88,937 $116,042
Supervising Permit Services Technician 18 $88,937 $116,042 Wastewater Management Program Specialist 18 $88,937 $116,042 Human Resources Technician 17 $84,702 $110,516
Management Specialist 17 $84,702 $110,516
Planning Technician 17 $84,702 $110,516
Public Safety Specialist 17 $84,702 $110,516
Senior Accounting Technician 17 $84,702 $110,516
Senior Recreation Coordinator 17 $84,702 $110,516
Graphic Artist 16 $80,668 $105,254
Media Production Technician 16 $80,668 $105,254
Senior Administrative Assistant 16 $80,668 $105,254
Senior Maintenance Technician 16 $80,668 $105,254
Senior Permit Services Technician 16 $80,668 $105,254
Accounting Technician 15 $76,827 $100,242
Engineering Technician 15 $76,827 $100,242
Recreation Coordinator 15 $76,827 $100,242
Administrative Assistant 14 $73,169 $95,468
Maintenance Technician 14 $73,169 $95,468
Permit Services Technician 14 $73,169 $95,468
Records Management Specialist 14 $73,169 $95,468
40 Resolution No. 26-08

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_____________________
Accounting Assistant 12 $66,366 $86,593
Pool Manager 11 $63,206 $82,469
Senior Office Assistant 10 $60,196 $78,542
Office Assistant 8 $54,599 $71,240
Minimum Maximum
Fire Safety Liaison 21 $49.50 $64.58
Deputy City Clerk 18 $42.76 $55.79
Senior Permit Services Technician 16 $38.78 $50.60
Media Assistant 8 $26.25 $34.25
Office Assistant 8 $26.25 $34.25
Parks Maintenance Assistant 6 $23.81 $31.07
Recreation Assistant II 6 $23.81 $31.07
Senior Lifeguard 6 $23.81 $31.07
Intern 2 $19.59 $25.56
Lifeguard 2 $19.59 $25.56
Recreation Assistant I 2 $19.59 $25.56
Student Intern 1 $18.66 $24.34
Part Time Classifications
Salary Range
Hourly Base Rate
41

Page 1 of 1 ends

Agenda Item # 7.A.

Supplemental
Council Agenda Report
To: Mayor Silverstein and the Honorable Members of the City Council Prepared by: Renée Neermann, Financial Controller
Reviewed by: Christopher Smith, Assistant City Manager
Date prepared: February 18, 2026 Meeting date: February 23, 2026 Subject: Fiscal Year 2025-26 Second Quarter Financial Report and Mid-Year Budget Amendments
RECOMMENDED ACTION: 1) Authorize bypassing the Administrative and Finance Subcommittee; 2) Receive and file Fiscal Year (FY) 2025-26 Second Quarter Financial Report; 3) Adopt Resolution No. 26-07 amending the annual budget for Fiscal Year 2025- 26; and 4) Adopt Resolution No. 26-08 amending the Authorized Positions and Salary Ranges for FY 2025-26.

DISCUSSION: Attachment A to the Fiscal Year 2025-26 Second Quarter Financial Report and Mid-Year Budget Amendments and Resolution No. 26-07 amending the total proposed revenue budget Fiscal Year 2025-26 has been corrected due to a formula error.

This was an administrative error that affects only the proposed total revenue, it has no impact on specific revenues or fund balance projections.

Resolution No. 26-08 amending the Authorized Positions and Salary Ranges for FY 2025- 26 has been corrected to include salary ranges for the proposed Public Works Administration Manager and Communications Assistant job specifications.

ATTACHMENTS:

1. Resolution No. 26-07 - FY 2025-26 Amended Annual Budget

2. Resolution No. 26-08 - FY 2025-26 Authorized Positions and Salary Ranges City Council Meeting
02-23-26
Item

7.A.
1 RESOLUTION NO. 26-07

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MALIBU
AMENDING THE ANNUAL BUDGET FOR FISCAL YEAR 2025-26
The City Council of the City of Malibu does hereby find, order and resolve as follows:

SECTION 3. This Resolution shall become effective immediately upon its passage and adoption.

SECTION 4. The City Clerk shall certify to the passage and adoption of this resolution and enter it into the book of original resolutions.

Page 2 of 3 ends

_____________________

EXHIBIT A
FISCAL YEAR 2025-26 PROPOSED BUDGET AMENDMENTS
Account Description Amount Detail

REVENUE
TOTAL ADOPTED REVENUE BUDGET $ 81,942,564
General Fund
100-0000-3111-00 Property Tax 1,000,000 To increase anticipated Property Tax revenue 100-0000-3131-00 Documentary Transfer Tax 400,000 To increase anticipated Documentary Transfer Tax revenue 100-0000-3133-01 Transient Occupancy Tax - Private Rentals (1,000,000) Reduced TOT due to homes not operating as a result of Palisades Fire 100-0000-3137-xx Sales and Use Tax (596,404) Reduced Sales Tax due to slow local economy 100-0000-3250-00 Parking Citation Fines 500,000 To increase anticipated Parking Citation Fines revenue 100-0000-3501-00 Interest Earnings (700,000) Reduced investment interest earnings 101-0000-3410-03 Building Plan Check Fees - Dark Sky (100,000) No anticipated revenue for FY 2025-26 101-0000-3410-04 Building Plan Check Fees - Exterior Elevated Elements (100,000) No anticipated revenue for FY 2025-26 Total General Fund Revenue (596,404)
Emergency & Disaster Management
102-0000-3313/41-00 FEMA/OES Reimbursements 3,697,542 Funding for Disaster CIP projects 102-0000-3600-00 Proceeds from Grants 200,000 LA County Grant - Las Flores Park fire damages Total Disaster Fund Revenue 3,897,542
Special Revenue Funds
225-0000-3600-00 Measure M Subregional Highway Funds 1,500,000 Additional Measure M Funding provided by METRO for CIP 9066 225-0000-3600-00 Measure M Subregional Highway Funds (175,812) Reduction in Measure M Funding for cancelled project - CIP 9102 225-0000-3600-00 Proceeds from Grants (185,822) OGALS Grant applied to CIP 9090 in FY 2024-25 225-0000-3600-00 Proceeds from Grants (200,000) LA County Grant - Las Flores Park fire damages Total Disaster Fund Revenue 938,366
Legacy Park Fund
500-0000-3905-00 Miscellaneous Reimbursements 85,000 For Legacy Park tenant reimbursements (utilities, insurance, WW fees) Total Legacy Park Fund Revenue 85,000
TOTAL PROPOSED AMENDMENTS - ALL FUNDS 4,324,504
Total Proposed Revenue Budget $ 86,267,068
3 Resolution No. 26-07

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_____________________
FISCAL YEAR 2025-26 PROPOSED BUDGET AMENDMENTS
Account Description Amount Detail

EXPENDITURES
TOTAL ADOPTED EXPENDITURE BUDGET 110,958,261
Total Adopted General Fund Expenditures 89,701,113
General Fund
100-3001-5120-00 Street Maintenance - Routine Street Maintenance 300,000 Increase for routine maint (repairs, labor costs, & speed hump install) 100-3001-5123-00 Street Maintenance - Storm Response 1,000,000 Increase for potential expenses through the rainy season (Dec-Apr) 100-3001-5127-00 Street Maintenance - Weed Abatement 55,000 Increase due to high rainfall and resulting vegetation growth 100-3001-7800-00 Street Maintenance - Equipment 25,000 To remove/replace bollards and replace City entrance signs 100-3001-7800-00 Street Maintenance - Equipment 61,000 To purchase 3 portable changeable message signs 100-3001-8500-00 Street Maintenance - Information Systems Allocation 31,946 To correct Internal Service charges for this division 100-3008-5107-00 Public Works/Engineering - Contract Personnel 50,000 For temporary administrative staff to ease workload 100-3008-8500-00 Public Works/Engineering - Information Systems Allocation 121,839 To correct Internal Service charges for this division 100-7001-6160-00 City Council - Operating Supplies 4,000 Additional funding for operating expenses 100-7002-4xxx-00 Media Operations - Salaries & Benefits 33,000 To fund a Media Assistant position 100-7002-6120-00 Media Operations - Computer Software 10,000 For teleprompter and access card cloud service 100-7003-4xxx-00 City Manager - Salaries & Benefits 450,000 For existing salary & benefit compensation 100-7003-4xxx-00 City Manager - Salaries & Benefits 145,000 To fund an Assistant City Manager Position in the CM Office 100-7003-5100-00 City Manager - Professional Services 35,000 Athenian Group - Strategic Plan Modernization/CM Transition Support 100-7007-5100-00 City Clerk - Professional Services 10,000 Consultant assistance with records management program 100-7054-4xxx-00 Finance - Salaries & Benefits 17,000 For existing salary & benefit compensation 100-7054-4xxx-00 Finance - Salaries & Benefits 40,000 Part-time Temporary Staff for Budget planning support 100-7054-6120-00 Finance - Computer Software 25,000 For financial software increased pricing 100-7059-5107-00 Non-Departmental Services - Contract Personnel 15,000 For temporary administrative staff 100-7059-5720-00 Non-Departmental Services - Offsite Storage 30,000 Add'l offsite storage due to reconfiguration of City Hall office space 101-2001-5401-00 Planning - Advertising & Noticing 10,000 For increase in public noticing of planning applications 102-7021-4101-00 Public Safety - Full-Time Salaries 29,957 Public Safety Specialist to implement & operate a speed safety program 103-9050-7300-00 City Hall Operations - Leasehold Improvements 250,000 Architectural space design services for City Hall office space 105-9088-5401-00 Vacant Properties - Advertising & Noticing 1,000 Advertisements for Community Lands project Proposed Amended General Fund Expenditures 2,749,742
Emergency & Disaster Management - Palisades Fire
102-3100-5100-04 Disaster Response - Professional Services - Public Works 20,000 For DCM Partners to begin closeout of Woolsey Fire FEMA/OES 102-3102-5100-02 Disaster Response - Professional Services - Planning 110,000 For Permitting Liaison - Fundedy by HCD Planning Recovery Grant 102-3102-5100-02 Disaster Response - Professional Services - ESD 50,000 Geotechnical, coastal engineering, & environmental health coordination 102-3102-5100-04 Disaster Response - Professional Services - Public Works 800,000 For various consultants/contractors to assist with Palisades recovery Proposed Amended Emergency & Disaster Management Expenditures 980,000 Special Revenue Funds
207-3004-5100-00 Solid Waste Management - Professional Services 45,000 Increase for expanded workload and SB 1383 & AB 939 compliance 207-3004-5100-01 Solid Waste Management - Dumpster Lid Enforcement 15,000 Increase for expanded scope of Clean Bay inspections 215-7070-7800-00 CDBG - Other Equipment 67,500 Increase for continued rental of trailer and restroom (pending perm trailer) Proposed Amended Special Revenue Expenditures 127,500
Capital Improvement Project Fund
310-9002-5100-00 CIP - Annual Street Overlay 200,000 Increased costs to asphalt 310-9058-5100-00 CIP - PCH Intersection Improvements 132,504 Final costs on project due to disallowed expenses determined at audit 310-9066-5100-00 CIP - PCH Signal Synchronization (Measure M Hwy Ops) 1,500,000 Additional Measure M Funding provided by METRO 310-9090-5100-00 CIP - Permanent Skate Park 340,000 To perform materials inspection required for the skate park project 310-9108-5100-00 CIP - Harbor Vista Curb Return Modifications 350,000 To increase curb return radius at Malibu Canyon & Harbor Vista Drive 310-9124-5100-00 CIP - Land Management System 800,000 To fund replacement of current system & include project mgmt support 310-XXXX-5100-00 CIP - City Hall Fire Suppression System (Information Syst) 150,000 To detect and extinguish fires in areas housing sensitive IT equipment Proposed Amended CIP Expenditures 3,472,504
Disaster Capital Improvements
102-9223-5100-00 Disaster CIP - Big Rock Drainage Infrastructure 4,500,000 To complete replacement of drainage system in the Big Rock community 102-9224-5100-00 Disaster CIP - Rambla Vista Retaining Walls 10,000 To complete repairs to retaining walls damaged by the Palisades Fire 102-9226-5100-00 Disaster CIP - Malibu Canyon Guardrails Replacement 11,974 To complete replacement of guardrails damaged by the Franklin Fire Proposed Amended Disaster CIP Expenditures 4,521,974
TOTAL PROPOSED AMENDMENTS - ALL FUNDS 11,851,720
TOTAL AMENDED EXPENDITURE BUDGET (all funds) $ 122,809,981 4 RESOLUTION NO. 26-08