City of Manhattan Beach
Month End Report
March 31, 2022
Fiscal Year 2021-2022
% of Year
75.0%
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 $2,616,625 $301,847 $982,905 74.8% Finance 12 3,607,149 99,849 3,706,998 2,580,623 68,981 1,057,394 71.5% Human Resources 13 1,416,358 123,169 1,539,527 1,097,547 74,609 367,371 76.1% Parks and Recreation 14 8,417,571 24,327 8,441,898 6,206,624 50,536 2,184,738 74.1% Police 15 30,667,807 190,779 30,858,586 22,192,443 13,539 8,652,604 72.0% Fire 16 15,471,419 17,430 15,488,849 11,630,414 22,672 3,835,764 75.2% Community Development 17 5,908,891 190,517 6,099,408 4,474,008 159,759 1,465,641 76.0% Public Works 18 8,609,392 268,631 8,878,023 6,172,571 173,113 2,532,339 71.5% Information Technology 19 - - - - - - - $77,698,292 $1,216,375 $78,914,667 $56,970,855 $865,055 $21,078,757 73.3% 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 March 31, 2022
Current Year Activity
% of Year
75.0%
Adjusted Adjusted
Fund Budget YTD % Budget %
No. Revenues Revenues Realized Expenditures Expenditures Encumbrances Utilized General Fund 100 $82,376,365 $55,277,526 67.1% $78,914,667 $56,970,855 $865,055 73.3% Street Lighting & Landscaping Fund 201 389,689 370,901 95.2% 648,241 388,566 7,550 61.1% Gas Tax Fund 205 2,711,285 2,094,047 77.2% 4,058,076 1,085,800 570,262 40.8% Asset Forfeiture 210 28,824 19,458 67.5% 136,247 58,860 27,747 63.6% Police Safety Grants 211 159,192 159,569 100.2% 194,408 51,620 50,945 52.8% Prop A Fund 230 737,244 671,399 91.1% 943,975 448,451 9,531 48.5% Prop C Fund 231 14,405,003 538,497 3.7% 13,691,817 3,657,898 3,094,171 49.3% AB 2766 Fund 232 46,641 22,198 47.6% 673 504 - 74.9% Measure R 233 998,499 411,963 41.3% 2,044,355 109,590 228,730 16.5% Measure M 234 5,949,690 864,096 14.5% 6,835,866 934,478 448,287 20.2% Measure W 240 - 1,910,877 n/a - - - - Capital Improvements Fund 401 3,862,447 1,151,068 29.8% 9,838,260 1,764,878 3,104,938 49.5% Bond Construction Fund 402 8,470,000 8,757,994 103.4% 8,470,000 1,524,590 6,770,498 97.9% Underground Assessment District Construction 403 42,110 (6,189) -14.7% 3,378,665 1,768,382 247,304 59.7% Water Fund 501 15,586,832 11,492,171 73.7% 48,044,673 20,337,069 17,676,401 79.1% Stormwater Fund 502 779,889 203,359 26.1% 4,490,300 1,122,789 264,000 30.9% Wastewater Fund 503 3,604,073 2,570,059 71.3% 13,752,020 2,208,600 489,176 19.6% Parking Fund 520 3,730,433 3,235,069 86.7% 3,478,420 2,071,265 290,421 67.9% County Parking Lots Fund 521 1,263,000 993,662 78.7% 872,452 157,236 - 18.0% State Pier & Parking Lot Fund 522 894,383 651,520 72.8% 2,249,866 358,625 12,985 16.5% Insurance Reserve Fund 601 7,389,560 9,070,438 122.7% 7,207,853 9,857,393 150,616 138.8% Information Systems Reserve Fund 605 3,039,108 2,279,340 75.0% 3,969,519 2,127,851 388,305 63.4% Fleet Management Fund 610 2,363,382 1,707,268 72.2% 4,202,993 904,818 2,173,784 73.2% Building Maintenance & Operation Fund 615 2,104,412 1,186,824 56.4% 2,202,368 1,203,984 492,204 77.0% Special Assessment Debt Service 710 707,750 435,599 61.5% 708,900 706,900 - 99.7% Special Assessment UAD 19-12 19-14 Fund 711 614,943 454,764 74.0% 606,707 604,276 - 99.6% Special Assessment UAD 19-4 Fund 712 336,313 273,189 81.2% 336,163 336,579 - 100.1% City Pension Fund 801 197,697 (511) -0.3% 196,680 154,183 - 78.4% PARS Investment Trust 804 100,000 (75,548) -75.5% - - - - $162,888,764 $106,720,609 65.5% $221,474,163 $110,916,043 $37,362,908 50.1% Year-to-Date
As of March 31, 2022
Fiscal Year 2021-2022 Statement of Revenues & Expenditures City of Manhattan Beach
Current Year Activity
% of Year
75.0%
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 $55,277,526 27,098,839 67% Street Lighting & Landscaping Fund 201 389,689 - 389,689 370,901 18,788 95.2% Gas Tax Fund 205 1,395,158 1,316,127 2,711,285 2,094,047 617,237 77.2% Asset Forfeiture 210 28,824 - 28,824 19,458 9,366 67.5% Police Safety Grants 211 159,192 - 159,192 159,569 (377) 100.2% Prop A Fund 230 737,244 - 737,244 671,399 65,845 91.1% Prop C Fund 231 634,279 13,770,724 14,405,003 538,497 13,866,506 3.7% AB 2766 Fund 232 46,641 - 46,641 22,198 24,443 47.6% Measure R 233 458,499 540,000 998,499 411,963 586,536 41.3% Measure M 234 2,309,690 3,640,000 5,949,690 864,096 5,085,594 14.5% Measure W 240 - - - 1,910,877 (1,910,877) 100.0% Capital Improvements Fund 401 2,919,601 942,846 3,862,447 1,151,068 2,711,379 29.8% Bond Construction Fund 402 - 8,470,000 8,470,000 8,757,994 (287,994) 103.4% Underground Assessment District Construction 403 42,110 - 42,110 (6,189) 48,299 -14.7% Water Fund 501 15,586,832 - 15,586,832 11,492,171 4,094,661 73.7% Stormwater Fund 502 779,889 - 779,889 203,359 576,530 26.1% Wastewater Fund 503 3,604,073 - 3,604,073 2,570,059 1,034,014 71.3% Parking Fund 520 3,730,433 - 3,730,433 3,235,069 495,364 86.7% County Parking Lots Fund 521 1,263,000 - 1,263,000 993,662 269,338 78.7% State Pier & Parking Lot Fund 522 894,383 - 894,383 651,520 242,863 72.8% Insurance Reserve Fund 601 7,389,560 - 7,389,560 9,070,438 (1,680,878) 122.7% Information Systems Reserve Fund 605 3,039,108 - 3,039,108 2,279,340 759,768 75.0% Fleet Management Fund 610 2,363,382 - 2,363,382 1,707,268 656,114 72.2% Building Maintenance & Operation Fund 615 2,104,412 - 2,104,412 1,186,824 917,588 56.4% Special Assessment Debt Service 710 707,750 - 707,750 435,599 272,151 61.5% Special Assessment UAD 19-12 19-14 Fund 711 614,943 - 614,943 454,764 160,179 74.0% Special Assessment UAD 19-4 Fund 712 336,313 - 336,313 273,189 63,124 81.2% City Pension Fund 801 197,697 - 197,697 (511) 198,208 -0.3% PARS Investment Trust 804 100,000 - 100,000 (75,548) 175,548 -75.5% $134,092,759 $28,796,005 $162,888,764 $106,720,609 $56,168,155 65.5% City of Manhattan Beach
Fiscal Year 2021-2022 Citywide Revenues
As of March 31, 2022
Current Year Activity
% of Year
75.0%
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 $56,970,855 $865,055 $21,078,757 73.3% Street Lighting & Landscaping Fund 201 570,702 77,539 648,241 388,566 7,550 252,125 61.1% Gas Tax Fund 205 2,098,738 1,959,338 4,058,076 1,085,800 570,262 2,402,014 40.8% Asset Forfeiture 210 108,500 27,747 136,247 58,860 27,747 49,640 63.6% Police Safety Grants 211 155,000 39,408 194,408 51,620 50,945 91,843 52.8% Prop A Fund 230 932,081 11,894 943,975 448,451 9,531 485,993 48.5% Prop C Fund 231 192,332 13,499,485 13,691,817 3,657,898 3,094,171 6,939,748 49.3% AB 2766 Fund 232 673 - 673 504 - 169 74.9% Measure R 233 263,738 1,780,617 2,044,355 109,590 228,730 1,706,034 16.5% Measure M 234 2,413,738 4,422,128 6,835,866 934,478 448,287 5,453,101 20.2% Measure W 240 - - - - - - - Capital Improvements Fund 401 4,103,784 5,734,476 9,838,260 1,764,878 3,104,938 4,968,444 49.5% Bond Construction Fund 402 - 8,470,000 8,470,000 1,524,590 6,770,498 174,913 97.9% Underground Assessment District Construction 403 1,779,705 1,598,960 3,378,665 1,768,382 247,304 1,362,979 59.7% Water Fund 501 15,551,079 32,493,594 48,044,673 20,337,069 17,676,401 10,031,204 79.1% Stormwater Fund 502 1,787,478 2,702,822 4,490,300 1,122,789 264,000 3,103,511 30.9% Wastewater Fund 503 3,045,862 10,706,158 13,752,020 2,208,600 489,176 11,054,243 19.6% Parking Fund 520 2,933,472 544,948 3,478,420 2,071,265 290,421 1,116,734 67.9% County Parking Lots Fund 521 872,452 - 872,452 157,236 - 715,216 18.0% State Pier & Parking Lot Fund 522 2,160,254 89,612 2,249,866 358,625 12,985 1,878,256 16.5% Insurance Reserve Fund 601 7,179,370 28,483 7,207,853 9,857,393 150,616 (2,800,156) 138.8% Information Systems Reserve Fund 605 3,520,830 448,689 3,969,519 2,127,851 388,305 1,453,364 63.4% Fleet Management Fund 610 4,056,296 146,697 4,202,993 904,818 2,173,784 1,124,391 73.2% Building Maintenance & Operation Fund 615 2,097,330 105,038 2,202,368 1,203,984 492,204 506,180 77.0% 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 - 196,680 154,183 - 42,497 78.4% PARS Investment Trust 804 - - - - - - - $135,370,156 $86,104,007 $221,474,163 $110,916,043 $37,362,908 $73,195,213 67.0% *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 March 31, 2022
Current Year Activity
3 4 5 6 7
City of Manhattan Beach Percent of Year
75.0%
Fund
Major Revenue Accounts No. 2017 2018 2019 2020 2021 2022 Adj Budget Realized Property Taxes 100 15,934,459 18,369,067 17,999,960 19,103,960 20,261,524 21,339,126 38,049,313 56.1% Sales & Use Tax 100 6,899,157 6,745,784 7,098,843 7,320,455 5,815,740 7,767,456 9,260,000 83.9% Franchise Tax (a) 100 630,360 577,877 492,778 472,597 479,817 437,439 1,135,000 38.5% Hotel Tax 100 3,303,418 2,739,395 3,188,321 3,477,703 1,324,542 4,122,717 4,025,000 102.4% Business License Tax 100 1,466,035 1,455,078 1,721,276 1,585,560 1,885,110 2,657,588 3,600,000 73.8% Real Estate Transfer Tax 100 452,331 592,224 557,800 640,128 669,075 923,107 810,000 114.0% Building Permits 100 1,149,935 1,519,164 1,433,997 1,329,552 1,091,710 1,441,901 1,532,712 94.1% Parking Citations 100 1,871,848 1,760,903 1,449,210 1,300,562 1,014,780 1,397,186 1,875,000 74.5% Interest Earnings 100 474,430 523,879 725,986 824,764 666,215 494,478 637,522 77.6% Marriott Hotel Rent 100 1,217,221 870,163 1,281,729 1,475,943 635,328 1,041,834 1,350,000 77.2% Vehicle in Lieu 100 15,812 18,680 17,276 28,431 - 40,590 17,000 238.8% Building Plan Check Fees 100 1,317,950 1,375,476 1,420,482 1,319,346 1,581,912 1,687,613 1,755,000 96.2% Total Major Revenue Accounts 34,732,956 36,547,691 37,387,659 38,879,000 35,425,753 43,351,035 64,046,547 67.7% Over/(Under) Prior Year 1,814,734 839,969 1,491,340 (3,453,247) 7,925,282 Percent Change From Prior Year 5.2% 2.3% 4.0% (8.9%) 22.4% Other Revenues 10,482,428 11,612,463 12,950,964 11,376,693 8,912,907 11,926,491 18,329,818 65.1% Total General Fund Revenues 45,215,385 48,160,154 50,338,624 50,255,692 44,338,660 55,277,526 82,376,365 67.1%
(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 March 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
March 31, 2022
Fiscal Year 2021-22
Fiscal Year 2020-21
General Fund Major Revenue Sources
3 4 5 6 7
Percent of Year
75.0%
#DIV/0!
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City of Manhattan Beach
Fiscal Year-To-Date General Fund Trends
Through March 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