Manhattan Beach City Council
November 15, 2022

FY 2022-2023 Quarter 1 Actuals
General Fund
FY 2021-2022 FY 2022-2023
General Fund Revenues Quarter 1 Quarter 1 $ %
Key Revenues
Property Tax $770,228 $824,597 $54,370 7.1%
Sales & Use Tax 2,416,832 2,906,340 489,508 20.3%
Transient Occupancy Tax 1,308,753 1,874,724 565,972 43.2% Business License Tax 801,647 432,420 (369,227) (46.1%)
Real Estate Transfer Tax 336,863 109,875 (226,987) (67.4%) Building Permits 462,326 507,980 45,654 9.9%
Parking Citations 532,862 524,577 (8,285) (1.6%)
Westdrift Hotel Rent 470,198 402,522 (67,676) (14.4%)
Building Plan Check Fees 458,479 446,677 (11,802) (2.6%) Subtotal Key Revenues $7,558,187 $8,029,712 $471,525 6.2% Remaining Revenues by Category
Other Taxes & Assessments $151,860 $160,848 $8,989 5.9% Revenue from Permits 332,312 352,101 19,788 6.0%
Fines 11,368 27,605 16,237 142.8%
Interest & Rents 689,250 687,928 (1,323) (0.2%)
From Other Governments 8,324 36,864 28,540 342.9%
Service Charges 2,583,272 3,046,386 463,114 17.9%
Operating Service Transfers 972,032 914,938 (57,095) (5.9%) Miscellaneous 413,548 189,804 (223,744) (54.1%)
Subtotal Other Revenues $5,161,967 $5,416,474 $254,507 4.9% General Fund Revenues $12,720,154 $13,446,186 $726,032 5.7% Unrealized Investment Gain/(Loss) (709,422) 1,104,166 1,813,588 (255.6%) Total General Fund Revenues $12,010,732 $14,550,352 $2,539,620 21.1% FY 2021-2022 FY 2022-2023
General Fund Expenditure Category Quarter 1 Quarter 1 $ % Salary & Wages $8,329,739 $8,412,723 $82,984 1.0%
Employee Benefits 3,148,061 3,015,198 (132,863) (4.2%)
Contract & Professional Services 2,412,130 2,463,108 50,978 2.1% Materials & Services 405,711 456,699 50,988 12.6%
Utilities 100,346 147,384 47,037 46.9%
Internal Service Charges 1,948,620 2,231,540 282,920 14.5% Property & Equipment 78,649 887 (77,762) (98.9%)
Bond Debt - - - -
Transfers Out - - - -
Total General Fund Expenditures $16,423,257 $16,727,539 $304,283 1.9% FY 2021-2022 FY 2022-2023
Quarter 1 Quarter 1
Total Revenues* $12,720,154 $13,446,186
Total Expenditures 16,423,257 16,727,539
($3,703,102) ($3,281,353)
*Excluding Unrealized Investment Gain/(Loss)
General Fund Revenue &
Expenditure Summary
Increase/(Decrease)
from FY 2022 to FY 2023
Increase/(Decrease)
from FY 2022 to FY 2023