Manhattan Beach City Council
May 3, 2022

FY 2019-2020 FY 2020-2021 FY 2021-2022 FY 2022-2023
General Fund Summary Actual Actual (a) Projection (b) Proposed Total Revenues $73,200,844 $163,089,289 $86,966,164 $86,453,227 Total Expenditures 72,958,584 156,609,193 78,452,354 85,243,018 Projected Surplus/(Deficit) $242,260 $6,480,097 $8,513,810 $1,210,209 Surplus Without American Rescue Plan Act Funding $2,271,837 $4,305,549 Variance
FY 2019-2020 FY 2020-2021 FY 2021-2022 FY 2022-2023 (Under)/Over Key Revenues Actual Actual (a) Projection (b) Proposed FY 22 Proj % Property Tax $34,002,016 $36,823,265 $39,192,151 $40,738,780 $1,546,629 3.9% Sales & Use Tax 8,407,953 8,038,137 9,709,000 10,000,000 291,000 3.0% Transient Occupancy Tax 3,571,309 2,382,137 4,613,000 5,350,000 737,000 16.0% Business License Tax 3,652,228 3,755,555 3,750,000 3,950,000 200,000 5.3% Real Estate Transfer Tax 828,842 1,132,663 1,100,000 1,025,000 (75,000) -6.8% Other Taxes & Assessments 1,582,034 1,630,245 1,609,867 1,628,262 18,395 1.1% Building Permits 1,617,100 1,433,778 1,532,712 1,650,000 117,288 7.7% Other Permits 1,664,759 2,191,659 1,981,699 2,007,028 25,329 1.3% Fines 1,925,543 1,443,177 2,116,000 2,207,000 91,000 4.3% Building Plan Check Fees 1,418,857 1,986,711 2,000,000 2,000,000 - 0.0% Service Charges 5,135,279 5,009,202 5,424,478 5,765,225 340,747 6.3% Interest Earnings 923,935 453,863 675,000 675,000 - 0.0% Use of Property & Money 3,901,058 1,821,940 3,067,548 3,450,650 383,102 12.5% American Rescue Plan Act Funds - 4,208,260 4,208,261 - (4,208,261) -100.0% Subtotal Key Revenues $68,630,912 $72, 310,592 $80,979,716 $80,446, 945 ($532,771) -0.7% Other Revenues $4,569,932 $90,778, 697 $5,986,448 $6,006, 282 $19,834 0.3% Total GF Revenues $73,200,844 $163,089,289 $86,966,164 $86,453,227 ($512,937) -0.6% Variance
FY 2019-2020 FY 2020-2021 FY 2021-2022 FY 2022-2023 (Under)/Over By Category Actual Actual (a) Projection (b) Proposed FY 22 Proj % Salaries & Wages 34,129,179 $33,900,075 $35,522,001 $36,929,363 $1,407,362 4.0% Employee Benefits 17, 777,613 103,513,975 13,197,645 13,859,118 661,473 5.0% Contract & Professional Services 9,250,156 8,951,060 11,309,175 12,335,311 1,026,136 9.1% Materials & Services 2,715,200 2,110,124 2,633,356 5,022,203 2,388,847 90.7% Utilities 919,745 944,565 1,010,917 1,086,804 75,887 7.5% Internal Service Charges 7,395,986 6,139,675 8,698,282 9,984,483 1,286,201 14.8% Property & Equipment 276,909 82,869 313,894 378,200 64,306 20.5% Bond Debt 483,575 955,791 5,645,083 5,635,535 (9,548) -0.2% Transfers Out 10,222 11,060 122,001 12,001 (110,000) -90.2% Total GF Expenditures $72,958,584 $156,609,193 $78,452,354 $85,243,018 $6,790,664 8.7% General Fund Expenditures
General Fund Summary
City of Manhattan Beach
Fiscal Year 2022-2023 Proposed Budget
General Fund Revenues
(a) FY 2020-2021 includes Pension Obligation Bond proceeds and payoff of CalPERS Unfunded Accrued Liabilities. (b) FY 2021-2022 Mid-Year Projection presented to City Council on February 15, 2022.