City of Manhattan Beach
Month End Report
January 31, 2022
Fiscal Year 2021-2022
% of Year
58.3%
Dept Original Budget Adjusted YTD YTD Available %
No. Budget Adjustments1 Budget Expenditures Encumbrances Budget Used Management Services 11 $3,599,705 $301,672 $3,901,377 $2,072,811 $355,975 $1,472,592 62.3% Finance 12 3,607,149 99,849 3,706,998 2,021,213 124,600 1,561,185 57.9% Human Resources 13 1,416,358 123,169 1,539,527 843,498 80,461 615,567 60.0% Parks and Recreation 14 8,417,571 24,327 8,441,898 5,081,197 53,216 3,307,485 60.8% Police 15 30,667,807 190,779 30,858,586 17,863,394 16,739 12,978,453 57.9% Fire 16 15,471,419 17,430 15,488,849 9,381,487 24,652 6,082,711 60.7% Community Development 17 5,908,891 190,517 6,099,408 3,400,642 159,149 2,539,618 58.4% Public Works 18 8,609,392 268,631 8,878,023 4,825,923 168,098 3,884,002 56.3% Information Technology 19 - - - - - - - $77,698,292 $1,216,375 $78,914,667 $45,490,163 $982,890 $32,441,614 58.9% 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 January 31, 2022
Current Year Activity
% of Year
58.3%
Adjusted Adjusted
Fund Budget YTD % Budget %
No. Revenues Revenues Realized Expenditures Expenditures Encumbrances Utilized General Fund 100 $82,376,365 $43,499,797 52.8% $78,914,667 $45,490,163 $982,890 58.9% Street Lighting & Landscaping Fund 201 389,689 332,184 85.2% 648,241 285,184 7,550 45.2% Gas Tax Fund 205 2,711,285 1,375,593 50.7% 4,058,076 895,803 558,710 35.8% Asset Forfeiture 210 28,824 10,440 36.2% 136,247 39,673 27,747 49.5% Police Safety Grants 211 159,192 154,965 97.3% 194,408 51,620 5,693 29.5% Prop A Fund 230 737,244 511,293 69.4% 943,975 367,647 11,894 40.2% Prop C Fund 231 14,405,003 407,026 2.8% 13,691,817 2,235,728 3,664,694 43.1% AB 2766 Fund 232 46,641 11,255 24.1% 673 392 - 58.2% Measure R 233 998,499 306,276 30.7% 2,044,355 105,684 53,487 7.8% Measure M 234 5,949,690 750,003 12.6% 6,835,866 652,030 585,514 18.1% Measure W 240 - 411,939 n/a - - - - Capital Improvements Fund 401 3,862,447 872,801 22.6% 9,838,260 1,173,445 2,152,935 33.8% Bond Construction Fund 402 8,470,000 8,742,195 103.2% 8,470,000 322,517 793,481 13.2% Underground Assessment District Construction 403 42,110 (11,820) -28.1% 3,378,665 1,651,136 312,825 58.1% Water Fund 501 15,586,832 9,493,552 60.9% 48,044,673 14,916,605 20,825,321 74.4% Stormwater Fund 502 779,889 151,837 19.5% 4,490,300 982,014 264,575 27.8% Wastewater Fund 503 3,604,073 2,061,030 57.2% 13,752,020 1,388,280 938,483 16.9% Parking Fund 520 3,730,433 2,472,278 66.3% 3,478,420 1,698,438 248,715 56.0% County Parking Lots Fund 521 1,263,000 791,752 62.7% 872,452 137,992 - 15.8% State Pier & Parking Lot Fund 522 894,383 494,292 55.3% 2,249,866 284,858 38,379 14.4% Insurance Reserve Fund 601 7,389,560 7,853,546 106.3% 7,207,853 9,040,506 144,946 127.4% Information Systems Reserve Fund 605 3,039,108 1,772,820 58.3% 3,969,519 1,722,564 391,456 53.3% Fleet Management Fund 610 2,363,382 1,291,909 54.7% 4,202,993 647,661 692,466 31.9% Building Maintenance & Operation Fund 615 2,104,412 881,375 41.9% 2,202,368 881,934 580,444 66.4% Special Assessment Debt Service 710 707,750 384,375 54.3% 708,900 663,025 - 93.5% Special Assessment UAD 19-12 19-14 Fund 711 614,943 405,396 65.9% 606,707 494,823 - 81.6% Special Assessment UAD 19-4 Fund 712 336,313 248,272 73.8% 336,163 278,073 - 82.7% City Pension Fund 801 197,697 (511) -0.3% 196,680 120,988 - 61.5% PARS Investment Trust 804 100,000 (30,369) -30.4% - - - - $162,888,764 $85,645,499 52.6% $221,474,163 $86,528,784 $33,282,206 39.1% Year-to-Date
As of January 31, 2022
Fiscal Year 2021-2022 Statement of Revenues & Expenditures City of Manhattan Beach
Current Year Activity
% of Year
58.3%
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 $43,499,797 38,876,568 53% Street Lighting & Landscaping Fund 201 389,689 - 389,689 332,184 57,505 85.2% Gas Tax Fund 205 1,395,158 1,316,127 2,711,285 1,375,593 1,335,692 50.7% Asset Forfeiture 210 28,824 - 28,824 10,440 18,384 36.2% Police Safety Grants 211 159,192 - 159,192 154,965 4,227 97.3% Prop A Fund 230 737,244 - 737,244 511,293 225,951 69.4% Prop C Fund 231 634,279 13,770,724 14,405,003 407,026 13,997,977 2.8% AB 2766 Fund 232 46,641 - 46,641 11,255 35,386 24.1% Measure R 233 458,499 540,000 998,499 306,276 692,223 30.7% Measure M 234 2,309,690 3,640,000 5,949,690 750,003 5,199,687 12.6% Measure W 240 - - - 411,939 (411,939) 100.0% Capital Improvements Fund 401 2,919,601 942,846 3,862,447 872,801 2,989,646 22.6% Bond Construction Fund 402 - 8,470,000 8,470,000 8,742,195 (272,195) 103.2% Underground Assessment District Construction 403 42,110 - 42,110 (11,820) 53,930 -28.1% Water Fund 501 15,586,832 - 15,586,832 9,493,552 6,093,280 60.9% Stormwater Fund 502 779,889 - 779,889 151,837 628,052 19.5% Wastewater Fund 503 3,604,073 - 3,604,073 2,061,030 1,543,043 57.2% Parking Fund 520 3,730,433 - 3,730,433 2,472,278 1,258,155 66.3% County Parking Lots Fund 521 1,263,000 - 1,263,000 791,752 471,248 62.7% State Pier & Parking Lot Fund 522 894,383 - 894,383 494,292 400,091 55.3% Insurance Reserve Fund 601 7,389,560 - 7,389,560 7,853,546 (463,986) 106.3% Information Systems Reserve Fund 605 3,039,108 - 3,039,108 1,772,820 1,266,288 58.3% Fleet Management Fund 610 2,363,382 - 2,363,382 1,291,909 1,071,473 54.7% Building Maintenance & Operation Fund 615 2,104,412 - 2,104,412 881,375 1,223,037 41.9% Special Assessment Debt Service 710 707,750 - 707,750 384,375 323,375 54.3% Special Assessment UAD 19-12 19-14 Fund 711 614,943 - 614,943 405,396 209,547 65.9% Special Assessment UAD 19-4 Fund 712 336,313 - 336,313 248,272 88,041 73.8% City Pension Fund 801 197,697 - 197,697 (511) 198,208 -0.3% PARS Investment Trust 804 100,000 - 100,000 (30,369) 130,369 -30.4% $134,092,759 $28,796,005 $162,888,764 $85,645,499 $77,243,265 52.6% City of Manhattan Beach
Fiscal Year 2021-2022 Citywide Revenues
As of January 31, 2022
Current Year Activity
% of Year
58.3%
Fund Original Budget Adjusted Available %
No. Budget Adjustments* Budget Actuals Encumbrances Budget Utilized General Fund 100 $77,698,292 $1,216,375 $78,914,667 $45,490,163 $982,890 $32,441,614 58.9% Street Lighting & Landscaping Fund 201 570,702 77,539 648,241 285,184 7,550 355,506 45.2% Gas Tax Fund 205 2,098,738 1,959,338 4,058,076 895,803 558,710 2,603,563 35.8% Asset Forfeiture 210 108,500 27,747 136,247 39,673 27,747 68,827 49.5% Police Safety Grants 211 155,000 39,408 194,408 51,620 5,693 137,095 29.5% Prop A Fund 230 932,081 11,894 943,975 367,647 11,894 564,434 40.2% Prop C Fund 231 192,332 13,499,485 13,691,817 2,235,728 3,664,694 7,791,395 43.1% AB 2766 Fund 232 673 - 673 392 - 281 58.2% Measure R 233 263,738 1,780,617 2,044,355 105,684 53,487 1,885,183 7.8% Measure M 234 2,413,738 4,422,128 6,835,866 652,030 585,514 5,598,322 18.1% Measure W 240 - - - - - - - Capital Improvements Fund 401 4,103,784 5,734,476 9,838,260 1,173,445 2,152,935 6,511,881 33.8% Bond Construction Fund 402 - 8,470,000 8,470,000 322,517 793,481 7,354,003 13.2% Underground Assessment District Construction 403 1,779,705 1,598,960 3,378,665 1,651,136 312,825 1,414,704 58.1% Water Fund 501 15,551,079 32,493,594 48,044,673 14,916,605 20,825,321 12,302,746 74.4% Stormwater Fund 502 1,787,478 2,702,822 4,490,300 982,014 264,575 3,243,710 27.8% Wastewater Fund 503 3,045,862 10,706,158 13,752,020 1,388,280 938,483 11,425,257 16.9% Parking Fund 520 2,933,472 544,948 3,478,420 1,698,438 248,715 1,531,266 56.0% County Parking Lots Fund 521 872,452 - 872,452 137,992 - 734,460 15.8% State Pier & Parking Lot Fund 522 2,160,254 89,612 2,249,866 284,858 38,379 1,926,628 14.4% Insurance Reserve Fund 601 7,179,370 28,483 7,207,853 9,040,506 144,946 (1,977,598) 127.4% Information Systems Reserve Fund 605 3,520,830 448,689 3,969,519 1,722,564 391,456 1,855,499 53.3% Fleet Management Fund 610 4,056,296 146,697 4,202,993 647,661 692,466 2,862,866 31.9% Building Maintenance & Operation Fund 615 2,097,330 105,038 2,202,368 881,934 580,444 739,990 66.4% 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 - 196,680 120,988 - 75,692 61.5% PARS Investment Trust 804 - - - - - - - $135,370,156 $86,104,007 $221,474,163 $86,528,784 $33,282,206 $101,663,174 54.1% *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 January 31, 2022
Current Year Activity
3 4 5 6 7
City of Manhattan Beach Percent of Year
58.3%
Fund
Major Revenue Accounts No. 2017 2018 2019 2020 2021 2022 Adj Budget Realized Property Taxes 100 14,411,531 15,445,953 16,372,562 17,448,035 12,953,416 19,514,592 38,049,313 51.3% Sales & Use Tax 100 5,183,912 5,149,184 5,395,491 5,580,287 4,783,258 5,813,585 9,260,000 62.8% Franchise Tax (a) 100 451,606 411,542 326,909 316,483 299,254 289,135 1,135,000 25.5% Hotel Tax 100 2,625,179 2,200,894 2,522,946 2,840,889 1,183,374 2,965,157 4,025,000 73.7% Business License Tax 100 300,001 305,570 451,609 490,227 817,415 1,031,426 3,600,000 28.7% Real Estate Transfer Tax 100 376,469 441,178 499,727 610,955 527,678 874,561 810,000 108.0% Building Permits 100 888,851 1,091,370 1,169,321 1,101,962 849,070 1,024,352 1,532,712 66.8% Parking Citations 100 1,502,039 1,398,520 1,193,390 1,098,921 981,665 1,172,769 1,875,000 62.5% Interest Earnings 100 353,625 413,016 554,469 666,997 521,227 348,423 637,522 54.7% Marriott Hotel Rent 100 903,306 764,719 1,215,062 1,053,992 568,661 703,531 1,350,000 52.1% Vehicle in Lieu 100 15,812 - - - - (40,590) 17,000 -238.8% Building Plan Check Fees 100 980,685 1,124,455 1,189,691 1,161,341 1,194,711 1,284,465 1,755,000 73.2% Total Major Revenue Accounts 27,993,017 28,746,398 30,891,178 32,370,090 24,679,727 34,981,406 64,046,547 54.6% Over/(Under) Prior Year 753,381 2,144,780 1,478,912 (7,690,363) 10,301,678 Percent Change From Prior Year 2.7% 7.5% 4.8% (23.8%) 41.7% Other Revenues 1,251,294 1,684,121 2,109,867 711,082 6,471,514 8,518,391 18,329,818 46.5% Total General Fund Revenues 29,244,311 30,430,520 33,001,045 33,081,172 31,151,241 43,499,797 82,376,365 52.8%
(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 January 31, 2022
Year-To-Date Actuals FY 2022
$0 $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 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
January 31, 2022
Fiscal Year 2021-22
Fiscal Year 2020-21
General Fund Major Revenue Sources
3 4 5 6 7
Percent of Year
58.3%
#DIV/0!
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City of Manhattan Beach
Fiscal Year-To-Date General Fund Trends
Through January 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