City of Manhattan Beach
Month End Report
February 28, 2022
Fiscal Year 2021-2022
% of Year
66.7%
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 $2,335,824 $305,368 $1,260,185 67.7% Finance 12 3,607,149 99,849 3,706,998 2,288,384 84,110 1,334,505 64.0% Human Resources 13 1,416,358 123,169 1,539,527 958,569 75,659 505,299 67.2% Parks and Recreation 14 8,417,571 24,327 8,441,898 5,517,944 51,076 2,872,878 66.0% Police 15 30,667,807 190,779 30,858,586 19,896,571 73,538 10,888,478 64.7% Fire 16 15,471,419 17,430 15,488,849 10,490,887 24,652 4,973,311 67.9% Community Development 17 5,908,891 190,517 6,099,408 3,924,834 163,206 2,011,368 67.0% Public Works 18 8,609,392 268,631 8,878,023 5,417,467 200,059 3,260,497 63.3% Information Technology 19 - - - - - - - $77,698,292 $1,216,375 $78,914,667 $50,830,480 $977,667 $27,106,521 65.7% 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 Febraury 28, 2022
Current Year Activity
3 4 5 6 7
City of Manhattan Beach Percent of Year
66.7%
Fund
Major Revenue Accounts No. 2017 2018 2019 2020 2021 2022 Adj Budget Realized Property Taxes 100 15,830,811 18,279,421 17,862,419 18,980,112 20,095,655 21,132,174 38,049,313 55.5% Sales & Use Tax 100 6,082,312 5,149,184 6,371,198 6,725,100 5,350,001 7,159,474 9,260,000 77.3% Franchise Tax (a) 100 561,800 577,877 492,778 472,597 479,817 430,780 1,135,000 38.0% Hotel Tax 100 2,972,889 2,457,529 2,844,326 3,184,602 1,291,829 3,572,728 4,025,000 88.8% Business License Tax 100 713,176 702,670 813,319 881,444 895,000 1,328,614 3,600,000 36.9% Real Estate Transfer Tax 100 430,356 550,517 557,800 640,128 619,418 874,561 810,000 108.0% Building Permits 100 979,575 1,304,432 1,272,246 1,251,351 937,823 1,243,786 1,532,712 81.1% Parking Citations 100 1,694,859 1,576,046 1,333,786 1,199,203 1,028,983 1,340,735 1,875,000 71.5% Interest Earnings 100 405,250 456,219 659,787 696,734 588,488 397,953 637,522 62.4% Marriott Hotel Rent 100 1,183,887 836,830 1,248,396 1,442,610 601,995 1,008,501 1,350,000 74.7% Vehicle in Lieu 100 15,812 - 17,276 28,431 - 40,590 17,000 238.8% Building Plan Check Fees 100 1,148,233 1,260,684 1,281,637 1,255,936 1,354,230 1,494,036 1,755,000 85.1% Total Major Revenue Accounts 32,018,961 33,151,408 34,754,968 36,758,246 33,243,239 40,023,931 64,046,547 62.5% Over/(Under) Prior Year 1,132,447 1,603,560 2,003,278 (3,515,007) 6,780,692 Percent Change From Prior Year 3.5% 4.8% 5.8% (9.6%) 20.4% Other Revenues 9,295,431 9,986,710 11,666,942 10,064,753 7,949,676 9,615,170 18,329,818 52.5% Total General Fund Revenues 41,314,392 43,138,118 46,421,910 46,822,999 41,192,915 49,639,101 82,376,365 60.3%
(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 February 28, 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
February 28, 2022
Fiscal Year 2021-22
Fiscal Year 2020-21
General Fund Major Revenue Sources
3 4 5 6 7
Percent of Year
66.7%
#DIV/0!
-
City of Manhattan Beach
Fiscal Year-To-Date General Fund Trends
Through February 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
% of Year
66.7%
Adjusted Adjusted
Fund Budget YTD % Budget %
No. Revenues Revenues Realized Expenditures Expenditures Encumbrances Utilized General Fund 100 $82,376,365 $49,639,101 60.3% $78,914,667 $50,830,480 $977,667 65.7% Street Lighting & Landscaping Fund 201 389,689 370,830 95.2% 648,241 362,263 7,550 57.0% Gas Tax Fund 205 2,711,285 1,493,123 55.1% 4,058,076 1,033,353 437,851 36.3% Asset Forfeiture 210 28,824 16,600 57.6% 136,247 45,593 27,747 53.8% Police Safety Grants 211 159,192 159,094 99.9% 194,408 51,620 5,693 29.5% Prop A Fund 230 737,244 601,798 81.6% 943,975 406,098 10,129 44.1% Prop C Fund 231 14,405,003 481,342 3.3% 13,691,817 2,923,068 3,574,271 47.5% AB 2766 Fund 232 46,641 11,417 24.5% 673 448 - 66.6% Measure R 233 998,499 364,106 36.5% 2,044,355 105,684 53,487 7.8% Measure M 234 5,949,690 751,160 12.6% 6,835,866 779,190 458,354 18.1% Measure W 240 - 412,473 n/a - - - - Capital Improvements Fund 401 3,862,447 1,008,867 26.1% 9,838,260 1,279,686 2,068,617 34.0% Bond Construction Fund 402 8,470,000 8,750,203 103.3% 8,470,000 960,607 7,334,481 97.9% Underground Assessment District Construction 403 42,110 (9,029) -21.4% 3,378,665 1,703,492 300,712 59.3% Water Fund 501 15,586,832 10,434,485 66.9% 48,044,673 16,877,711 19,739,910 76.2% Stormwater Fund 502 779,889 202,044 25.9% 4,490,300 1,051,265 264,000 29.3% Wastewater Fund 503 3,604,073 2,311,266 64.1% 13,752,020 1,577,705 944,262 18.3% Parking Fund 520 3,730,433 2,816,643 75.5% 3,478,420 1,867,104 234,821 60.4% County Parking Lots Fund 521 1,263,000 894,716 70.8% 872,452 146,261 - 16.8% State Pier & Parking Lot Fund 522 894,383 567,694 63.5% 2,249,866 312,099 34,808 15.4% Insurance Reserve Fund 601 7,389,560 8,447,151 114.3% 7,207,853 9,022,917 150,616 127.3% Information Systems Reserve Fund 605 3,039,108 2,026,080 66.7% 3,969,519 1,876,183 458,915 58.8% Fleet Management Fund 610 2,363,382 1,462,873 61.9% 4,202,993 748,862 2,101,216 67.8% Building Maintenance & Operation Fund 615 2,104,412 968,482 46.0% 2,202,368 969,107 572,142 70.0% Special Assessment Debt Service 710 707,750 435,597 61.5% 708,900 706,900 - 99.7% Special Assessment UAD 19-12 19-14 Fund 711 614,943 454,762 74.0% 606,707 604,276 - 99.6% Special Assessment UAD 19-4 Fund 712 336,313 273,188 81.2% 336,163 336,579 - 100.1% City Pension Fund 801 197,697 (511) -0.3% 196,680 137,410 - 69.9% PARS Investment Trust 804 100,000 (56,686) -56.7% - - - - $162,888,764 $95,288,867 58.5% $221,474,163 $96,715,961 $39,757,248 43.7% Year-to-Date
As of February 28, 2022
Fiscal Year 2021-2022 Statement of Revenues & Expenditures City of Manhattan Beach
Current Year Activity
% of Year
66.7%
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 $49,639,101 32,737,264 60% Street Lighting & Landscaping Fund 201 389,689 - 389,689 370,830 18,859 95.2% Gas Tax Fund 205 1,395,158 1,316,127 2,711,285 1,493,123 1,218,162 55.1% Asset Forfeiture 210 28,824 - 28,824 16,600 12,224 57.6% Police Safety Grants 211 159,192 - 159,192 159,094 98 99.9% Prop A Fund 230 737,244 - 737,244 601,798 135,446 81.6% Prop C Fund 231 634,279 13,770,724 14,405,003 481,342 13,923,661 3.3% AB 2766 Fund 232 46,641 - 46,641 11,417 35,224 24.5% Measure R 233 458,499 540,000 998,499 364,106 634,393 36.5% Measure M 234 2,309,690 3,640,000 5,949,690 751,160 5,198,530 12.6% Measure W 240 - - - 412,473 (412,473) 100.0% Capital Improvements Fund 401 2,919,601 942,846 3,862,447 1,008,867 2,853,580 26.1% Bond Construction Fund 402 - 8,470,000 8,470,000 8,750,203 (280,203) 103.3% Underground Assessment District Construction 403 42,110 - 42,110 (9,029) 51,139 -21.4% Water Fund 501 15,586,832 - 15,586,832 10,434,485 5,152,347 66.9% Stormwater Fund 502 779,889 - 779,889 202,044 577,846 25.9% Wastewater Fund 503 3,604,073 - 3,604,073 2,311,266 1,292,807 64.1% Parking Fund 520 3,730,433 - 3,730,433 2,816,643 913,790 75.5% County Parking Lots Fund 521 1,263,000 - 1,263,000 894,716 368,284 70.8% State Pier & Parking Lot Fund 522 894,383 - 894,383 567,694 326,689 63.5% Insurance Reserve Fund 601 7,389,560 - 7,389,560 8,447,151 (1,057,591) 114.3% Information Systems Reserve Fund 605 3,039,108 - 3,039,108 2,026,080 1,013,028 66.7% Fleet Management Fund 610 2,363,382 - 2,363,382 1,462,873 900,509 61.9% Building Maintenance & Operation Fund 615 2,104,412 - 2,104,412 968,482 1,135,930 46.0% Special Assessment Debt Service 710 707,750 - 707,750 435,597 272,153 61.5% Special Assessment UAD 19-12 19-14 Fund 711 614,943 - 614,943 454,762 160,181 74.0% Special Assessment UAD 19-4 Fund 712 336,313 - 336,313 273,188 63,125 81.2% City Pension Fund 801 197,697 - 197,697 (511) 198,208 -0.3% PARS Investment Trust 804 100,000 - 100,000 (56,686) 156,686 -56.7% $134,092,759 $28,796,005 $162,888,764 $95,288,867 $67,599,897 58.5% City of Manhattan Beach
Fiscal Year 2021-2022 Citywide Revenues
As of February 28, 2022
Current Year Activity
% of Year
66.7%
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 $50,830,480 $977,667 $27,106,521 65.7% Street Lighting & Landscaping Fund 201 570,702 77,539 648,241 362,263 7,550 278,428 57.0% Gas Tax Fund 205 2,098,738 1,959,338 4,058,076 1,033,353 437,851 2,586,872 36.3% Asset Forfeiture 210 108,500 27,747 136,247 45,593 27,747 62,907 53.8% Police Safety Grants 211 155,000 39,408 194,408 51,620 5,693 137,095 29.5% Prop A Fund 230 932,081 11,894 943,975 406,098 10,129 527,749 44.1% Prop C Fund 231 192,332 13,499,485 13,691,817 2,923,068 3,574,271 7,194,478 47.5% AB 2766 Fund 232 673 - 673 448 - 225 66.6% 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 6,835,866 779,190 458,354 5,598,322 18.1% Measure W 240 - - - - - - - Capital Improvements Fund 401 4,103,784 5,734,476 9,838,260 1,279,686 2,068,617 6,489,958 34.0% Bond Construction Fund 402 - 8,470,000 8,470,000 960,607 7,334,481 174,913 97.9% Underground Assessment District Construction 403 1,779,705 1,598,960 3,378,665 1,703,492 300,712 1,374,461 59.3% Water Fund 501 15,551,079 32,493,594 48,044,673 16,877,711 19,739,910 11,427,052 76.2% Stormwater Fund 502 1,787,478 2,702,822 4,490,300 1,051,265 264,000 3,175,035 29.3% Wastewater Fund 503 3,045,862 10,706,158 13,752,020 1,577,705 944,262 11,230,052 18.3% Parking Fund 520 2,933,472 544,948 3,478,420 1,867,104 234,821 1,376,495 60.4% County Parking Lots Fund 521 872,452 - 872,452 146,261 - 726,191 16.8% State Pier & Parking Lot Fund 522 2,160,254 89,612 2,249,866 312,099 34,808 1,902,959 15.4% Insurance Reserve Fund 601 7,179,370 28,483 7,207,853 9,022,917 150,616 (1,965,679) 127.3% Information Systems Reserve Fund 605 3,520,830 448,689 3,969,519 1,876,183 458,915 1,634,422 58.8% Fleet Management Fund 610 4,056,296 146,697 4,202,993 748,862 2,101,216 1,352,916 67.8% Building Maintenance & Operation Fund 615 2,097,330 105,038 2,202,368 969,107 572,142 661,119 70.0% Special Assessment Debt Service 710 708,900 - 708,900 706,900 - 2,000 99.7% Special Assessment UAD 19-12 19-14 Fund 711 606,707 - 606,707 604,276 - 2,431 99.6% Special Assessment UAD 19-4 Fund 712 336,163 - 336,163 336,579 - (416) 100.1% City Pension Fund 801 196,680 - 196,680 137,410 - 59,270 69.9% PARS Investment Trust 804 - - - - - - - $135,370,156 $86,104,007 $221,474,163 $96,715,961 $39,757,248 $85,000,954 61.6% *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 February 28, 2022
Current Year Activity