City of Manhattan Beach
Month End Report
December 31, 2021
Fiscal Year 2021-2022
% of Year
50.0%
Dept Original Budget Adjusted YTD YTD Available %
No. Budget Adjustments1 Budget Expenditures Encumbrances Budget Used Management Services 11 $3,599,705 $189,112 $3,788,817 $1,747,135 $374,516 $1,667,167 56.0% Finance 12 3,607,149 99,849 3,706,998 1,617,615 129,133 1,960,250 47.1% Human Resources 13 1,416,358 123,169 1,539,527 708,533 80,461 750,533 51.2% Parks and Recreation 14 8,417,571 24,327 8,441,898 3,807,109 53,756 4,581,033 45.7% Police 15 30,667,807 190,779 30,858,586 13,371,232 16,739 17,470,615 43.4% Fire 16 15,471,419 17,430 15,488,849 7,250,457 26,632 8,211,760 47.0% Community Development 17 5,908,891 190,517 6,099,408 2,706,787 162,485 3,230,137 47.0% Public Works 18 8,609,392 268,631 8,878,023 3,966,834 164,173 4,747,016 46.5% Information Technology 19 - - - - - - - $77,698,292 $1,103,815 $78,802,107 $35,175,702 $1,007,895 $42,618,511 45.9% ¹Budget Adjustments include City Council-approved adjustments during the current year and encumbrances carried forward from the prior year.
April 30, 2022
May 31, 2022
June 30, 2022
City of Manhattan Beach
Fiscal Year 2021-2022 General Fund Expenditures by Department As of December 31, 2021
Current Year Activity
% of Year
50.0%
Adjusted Adjusted
Fund Budget YTD % Budget %
No. Revenues Revenues Realized Expenditures Expenditures Encumbrances Utilized General Fund 100 $82,376,365 $34,356,760 41.7% $78,802,107 $35,175,702 $1,007,895 45.9% Street Lighting & Landscaping Fund 201 389,689 294,333 75.5% 578,252 237,390 7,550 42.4% Gas Tax Fund 205 1,395,158 809,396 58.0% 3,396,740 879,913 432,714 38.6% Asset Forfeiture 210 28,824 5,465 19.0% 136,247 35,599 27,747 46.5% Police Safety Grants 211 159,192 131,198 82.4% 194,408 34,565 5,693 20.7% Prop A Fund 230 737,244 367,020 49.8% 943,975 299,234 11,894 33.0% Prop C Fund 231 634,279 274,846 43.3% 5,827,757 1,615,935 4,277,323 101.1% AB 2766 Fund 232 46,641 11,100 23.8% 673 336 - 49.9% Measure R 233 458,499 214,786 46.8% 409,172 35,684 123,487 38.9% Measure M 234 2,309,690 358,315 15.5% 3,637,544 577,680 659,863 34.0% Measure W 240 - 687 n/a - - - - Capital Improvements Fund 401 2,919,601 744,256 25.5% 5,966,202 209,667 2,183,083 40.1% Bond Construction Fund 402 8,470,000 8,734,211 103.1% 8,470,000 271,158 838,136 13.1% Underground Assessment District Construction 403 42,110 (14,522) -34.5% 3,378,665 1,640,341 312,825 57.8% Water Fund 501 15,586,832 8,095,871 51.9% 45,058,168 10,081,703 24,542,798 76.8% Stormwater Fund 502 779,889 118,594 15.2% 2,571,890 858,381 264,575 43.7% Wastewater Fund 503 3,604,073 1,725,364 47.9% 4,405,811 1,171,712 938,483 47.9% Parking Fund 520 3,730,433 2,056,880 55.1% 3,185,194 962,353 240,770 37.8% County Parking Lots Fund 521 1,263,000 689,949 54.6% 872,452 93,994 - 10.8% State Pier & Parking Lot Fund 522 894,383 428,557 47.9% 2,236,962 245,702 38,379 12.7% Insurance Reserve Fund 601 7,389,560 3,607,274 48.8% 7,207,853 8,040,585 166,613 113.9% Information Systems Reserve Fund 605 3,039,108 1,519,560 50.0% 3,969,519 1,459,798 396,428 46.8% Fleet Management Fund 610 2,363,382 1,085,962 45.9% 4,202,993 523,230 673,830 28.5% Building Maintenance & Operation Fund 615 2,104,412 703,250 33.4% 2,202,368 691,068 143,304 37.9% Special Assessment Debt Service 710 707,750 308,488 43.6% 708,900 663,025 - 93.5% Special Assessment UAD 19-12 19-14 Fund 711 614,943 344,557 56.0% 606,707 494,823 - 81.6% Special Assessment UAD 19-4 Fund 712 336,313 210,154 62.5% 336,163 278,073 - 82.7% City Pension Fund 801 197,697 (511) -0.3% 196,680 105,489 - 53.6% PARS Investment Trust 804 100,000 18,932 18.9% - - - - $142,679,067 $67,200,730 47.1% $189,503,403 $66,683,141 $37,293,390 35.2% Year-to-Date
As of December 31, 2021
Fiscal Year 2021-2022 Statement of Revenues & Expenditures City of Manhattan Beach
Current Year Activity
% of Year
50.0%
Fund Original Budget Adjusted Year-to-Date Unrealized % No. Budget Adjustments Budget Actuals Amount Realized
General Fund 100 $82,260,057 116,308 $82,376,365 $34,356,760 48,019,605 42% Street Lighting & Landscaping Fund 201 389,689 - 389,689 294,333 95,356 75.5% Gas Tax Fund 205 1,395,158 - 1,395,158 809,396 585,762 58.0% Asset Forfeiture 210 28,824 - 28,824 5,465 23,359 19.0% Police Safety Grants 211 159,192 - 159,192 131,198 27,994 82.4% Prop A Fund 230 737,244 - 737,244 367,020 370,224 49.8% Prop C Fund 231 634,279 - 634,279 274,846 359,433 43.3% AB 2766 Fund 232 46,641 - 46,641 11,100 35,541 23.8% Measure R 233 458,499 - 458,499 214,786 243,713 46.8% Measure M 234 2,309,690 - 2,309,690 358,315 1,951,375 15.5% Measure W 240 - - - 687 (687) 100.0% Capital Improvements Fund 401 2,919,601 - 2,919,601 744,256 2,175,346 25.5% Bond Construction Fund 402 - 8,470,000 8,470,000 8,734,211 (264,211) 103.1% Underground Assessment District Construction 403 42,110 - 42,110 (14,522) 56,632 -34.5% Water Fund 501 15,586,832 - 15,586,832 8,095,871 7,490,961 51.9% Stormwater Fund 502 779,889 - 779,889 118,594 661,295 15.2% Wastewater Fund 503 3,604,073 - 3,604,073 1,725,364 1,878,709 47.9% Parking Fund 520 3,730,433 - 3,730,433 2,056,880 1,673,553 55.1% County Parking Lots Fund 521 1,263,000 - 1,263,000 689,949 573,051 54.6% State Pier & Parking Lot Fund 522 894,383 - 894,383 428,557 465,826 47.9% Insurance Reserve Fund 601 7,389,560 - 7,389,560 3,607,274 3,782,286 48.8% Information Systems Reserve Fund 605 3,039,108 - 3,039,108 1,519,560 1,519,548 50.0% Fleet Management Fund 610 2,363,382 - 2,363,382 1,085,962 1,277,420 45.9% Building Maintenance & Operation Fund 615 2,104,412 - 2,104,412 703,250 1,401,162 33.4% Special Assessment Debt Service 710 707,750 - 707,750 308,488 399,262 43.6% Special Assessment UAD 19-12 19-14 Fund 711 614,943 - 614,943 344,557 270,386 56.0% Special Assessment UAD 19-4 Fund 712 336,313 - 336,313 210,154 126,159 62.5% City Pension Fund 801 197,697 - 197,697 (511) 198,208 -0.3% PARS Investment Trust 804 100,000 - 100,000 18,932 81,068 18.9% $134,092,759 $8,586,308 $142,679,067 $67,200,730 $75,478,337 47.1% City of Manhattan Beach
Fiscal Year 2021-2022 Citywide Revenues
As of December 31, 2021
Current Year Activity
% of Year
50.0%
Fund Original Budget Adjusted Available %
No. Budget Adjustments* Budget Actuals Encumbrances Budget Utilized General Fund 100 $77,698,292 $1,103,815 $78,802,107 $35,175,702 $1,007,895 $42,618,511 45.9% Street Lighting & Landscaping Fund 201 570,702 7,550 578,252 237,390 7,550 333,312 42.4% Gas Tax Fund 205 2,098,738 1,298,002 3,396,740 879,913 432,714 2,084,113 38.6% Asset Forfeiture 210 108,500 27,747 136,247 35,599 27,747 72,901 46.5% Police Safety Grants 211 155,000 39,408 194,408 34,565 5,693 154,149 20.7% Prop A Fund 230 932,081 11,894 943,975 299,234 11,894 632,847 33.0% Prop C Fund 231 192,332 5,635,425 5,827,757 1,615,935 4,277,323 (65,501) 101.1% AB 2766 Fund 232 673 - 673 336 - 337 49.9% Measure R 233 263,738 145,434 409,172 35,684 123,487 250,000 38.9% Measure M 234 2,413,738 1,223,806 3,637,544 577,680 659,863 2,400,000 34.0% Measure W 240 - - - - - - - Capital Improvements Fund 401 4,103,784 1,862,418 5,966,202 209,667 2,183,083 3,573,453 40.1% Bond Construction Fund 402 - 8,470,000 8,470,000 271,158 838,136 7,360,706 13.1% Underground Assessment District Construction 403 1,779,705 1,598,960 3,378,665 1,640,341 312,825 1,425,499 57.8% Water Fund 501 15,551,079 29,507,089 45,058,168 10,081,703 24,542,798 10,433,667 76.8% Stormwater Fund 502 1,787,478 784,412 2,571,890 858,381 264,575 1,448,933 43.7% Wastewater Fund 503 3,045,862 1,359,949 4,405,811 1,171,712 938,483 2,295,616 47.9% Parking Fund 520 2,933,472 251,722 3,185,194 962,353 240,770 1,982,072 37.8% County Parking Lots Fund 521 872,452 - 872,452 93,994 - 778,458 10.8% State Pier & Parking Lot Fund 522 2,160,254 76,708 2,236,962 245,702 38,379 1,952,880 12.7% Insurance Reserve Fund 601 7,179,370 28,483 7,207,853 8,040,585 166,613 (999,345) 113.9% Information Systems Reserve Fund 605 3,520,830 448,689 3,969,519 1,459,798 396,428 2,113,293 46.8% Fleet Management Fund 610 4,056,296 146,697 4,202,993 523,230 673,830 3,005,933 28.5% Building Maintenance & Operation Fund 615 2,097,330 105,038 2,202,368 691,068 143,304 1,367,996 37.9% Special Assessment Debt Service 710 708,900 - 708,900 663,025 - 45,875 93.5% Special Assessment UAD 19-12 19-14 Fund 711 606,707 - 606,707 494,823 - 111,884 81.6% Special Assessment UAD 19-4 Fund 712 336,163 - 336,163 278,073 - 58,090 82.7% City Pension Fund 801 196,680 - 196,680 105,489 - 91,191 53.6% PARS Investment Trust 804 - - - - - - - $135,370,156 $54,133,247 $189,503,403 $66,683,141 $37,293,390 $85,526,872 54.9% *Budget Adjustments include City Council-approved adjustments during the current year and encumbrances carried forward from the prior year.
Year-to-Date
City of Manhattan Beach
Fiscal Year 2021-2022 Citywide Expenditures
As of December 31, 2021
Current Year Activity
3 4 5 6 7
City of Manhattan Beach Percent of Year
50.0%
Fund
Major Revenue Accounts No. 2017 2018 2019 2020 2021 2022 Adj Budget Realized Property Taxes 100 9,967,313 10,664,807 11,313,358 12,078,002 12,953,416 13,464,650 38,459,313 35.0% Sales & Use Tax 100 4,510,012 4,604,084 4,549,087 4,757,818 3,294,389 5,014,311 9,260,000 54.2% Franchise Tax (a) 100 381,550 411,542 326,909 316,483 299,254 289,135 1,135,000 25.5% Hotel Tax 100 2,375,941 1,987,252 2,226,721 2,533,906 1,073,791 2,535,995 4,722,059 53.7% Business License Tax 100 283,752 282,605 413,645 456,267 764,430 1,005,392 3,600,000 27.9% Real Estate Transfer Tax 100 342,861 441,178 456,342 466,293 436,693 767,356 810,000 94.7% Building Permits 100 796,004 949,655 993,537 914,454 716,503 794,962 1,532,712 51.9% Parking Citations 100 1,400,179 1,187,576 1,071,314 946,899 855,908 1,046,820 1,955,000 53.5% Interest Earnings 100 289,257 354,004 418,994 524,634 533,614 316,614 1,362,170 23.2% Marriott Hotel Rent 100 869,973 731,386 839,753 1,020,659 535,328 670,198 (550,000) -121.9% Vehicle in Lieu 100 - - - - - - 17,000 0.0% Building Plan Check Fees 100 898,814 1,051,101 989,532 1,068,218 1,004,689 1,083,939 1,755,000 61.8% Total Major Revenue Accounts 22,115,654 22,665,189 23,599,191 25,083,634 22,468,016 26,989,373 64,058,254 42.1% Over/(Under) Prior Year 549,535 934,002 1,484,444 (2,615,618) 4,521,357 Percent Change From Prior Year 2.5% 4.1% 6.3% (10.4%) 20.1% Other Revenues 7,128,657 7,765,331 9,401,855 7,997,537 6,445,622 7,367,387 18,318,111 40.2% Total General Fund Revenues 29,244,311 30,430,520 33,001,045 33,081,172 28,913,638 34,356,760 82,376,365 41.7%
(a) The structure of payments for the some of the franchise fees has changed resulting in lower initial revenues at the beginning of the fiscal year as compared to prior years. This revenue will self adjust throughout the year to better align with prior full-year numbers.
Fiscal Year 2021-2022 General Fund Major Revenue Trends December 31, 2021
Year-To-Date Actuals FY 2022
$0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 Building Plan Check Fees
Marriott Hotel Rent
Interest Earnings
Parking Citations
Building Permits
Real Estate Transfer Tax
Business License Tax
Hotel Tax
Franchise Tax (a)
Sales & Use Tax
Property Taxes
December 31, 2021
Fiscal Year 2021-22
Fiscal Year 2020-21
General Fund Major Revenue Sources
3 4 5 6 7
Percent of Year
50.0%
#DIV/0!
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City of Manhattan Beach
Fiscal Year-To-Date General Fund Trends
Through December Year-Over-Year
$0
$2,500,000
$5,000,000
$7,500,000
$10,000,000
2017 2018 2019 2020 2021 2022
Sales & Use Tax
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
2017 2018 2019 2020 2021 2022
Franchise Tax
$0
$8,000,000
$16,000,000
$24,000,000
$32,000,000
$40,000,000
2017 2018 2019 2020 2021 2022
Property Taxes
$0
$1,500,000
$3,000,000
$4,500,000
2017 2018 2019 2020 2021 2022
Hotel Tax
$0
$1,100,000
$2,200,000
$3,300,000
$4,400,000
2017 2018 2019 2020 2021 2022
Business License Tax
$0
$250,000
$500,000
$750,000
$1,000,000
2017 2018 2019 2020 2021 2022
Real Estate Transfer Tax
$0
$550,000
$1,100,000
$1,650,000
$2,200,000
2017 2018 2019 2020 2021 2022
Building Permits
$0
$600,000
$1,200,000
$1,800,000
$2,400,000
2017 2018 2019 2020 2021 2022
Parking Citations
$0
$250,000
$500,000
$750,000
$1,000,000
2017 2018 2019 2020 2021 2022
Interest Earnings
$0
$600,000
$1,200,000
$1,800,000
2017 2018 2019 2020 2021 2022
Marriott Hotel Rent
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
2017 2018 2019 2020 2021 2022
Building Plan Check Fees