City of Manhattan Beach
Finance Department
Month End Reports
February 28, 2023
Fiscal Year 2022-2023
3 4 5 6 7
Percent of Year
66.7%
Fund
Major Revenue Accounts No. 2018 2019 2020 2021 2022 2023 Adj Budget Realized Property Taxes 100 18,279,421 17,862,419 18,980,112 20,095,655 21,132,174 22,299,006 38,049,313 58.6% Sales & Use Tax 100 5,149,184 6,371,198 6,725,100 5,350,001 7,159,474 7,656,325 9,260,000 82.7% Franchise Tax (a) 100 577,877 492,778 472,597 479,817 430,780 424,723 1,135,000 37.4% Hotel Tax 100 2,457,529 2,844,326 3,184,602 1,291,829 3,302,243 4,311,791 4,025,000 107.1% Business License Tax 100 702,670 813,319 881,444 895,000 1,328,614 1,229,853 3,600,000 34.2% Real Estate Transfer Tax 100 550,517 557,800 640,128 619,418 874,561 387,668 810,000 47.9% Building Permits 100 1,304,432 1,272,246 1,251,351 937,823 1,209,604 1,094,719 1,532,712 71.4% Parking Citations 100 1,576,046 1,333,786 1,199,203 1,028,983 1,334,320 1,477,587 1,875,000 78.8% Interest Earnings 100 456,219 659,787 696,734 588,488 397,953 521,659 637,522 81.8% Marriott Hotel Rent 100 836,830 1,248,396 1,442,610 601,995 1,008,501 1,500,654 1,350,000 111.2% Vehicle in Lieu 100 - 17,276 28,431 - 40,590 - 17,000 0.0% Building Plan Check Fees 100 1,260,684 1,281,637 1,255,936 1,354,230 1,461,677 1,180,559 1,755,000 67.3% Total Major Revenue Accounts 33,151,408 34,754,968 36,758,246 33,243,239 39,680,490 42,084,545 64,046,547 65.7% Over/(Under) Prior Year 1,603,560 2,003,278 (3,515,007) 6,437,251 2,404,054 Percent Change From Prior Year 4.8% 5.8% (9.6%) 19.4% 6.1% Other Revenues 9,986,710 11,666,942 10,064,753 7,949,676 10,155,307 12,171,623 22,885,027 53.2% Total General Fund Revenues 43,138,118 46,421,910 46,822,999 41,192,915 49,835,797 54,256,167 86,931,574 62.4%
(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.
City of Manhattan Beach
Fiscal Year 2022-2023 General Fund Major Revenue Trends Year-To-Date Actuals FY 2023
February 28, 2023
$0 $3,000,000 $6,000,000 $9,000,000 $12,000,000 $15,000,000 $18,000,000 $21,000,000 $24,000,000 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, 2023
Fiscal Year 2022-23
Fiscal Year 2021-22
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
$12,500,000
2018 2019 2020 2021 2022 2023
Sales & Use Tax
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
2018 2019 2020 2021 2022 2023
Franchise Tax
$0
$8,000,000
$16,000,000
$24,000,000
$32,000,000
$40,000,000
2018 2019 2020 2021 2022 2023
Property Taxes
$0
$1,500,000
$3,000,000
$4,500,000
$6,000,000
2018 2019 2020 2021 2022 2023
Hotel Tax
$0
$1,100,000
$2,200,000
$3,300,000
$4,400,000
$5,500,000
2018 2019 2020 2021 2022 2023
Business License Tax
$0
$250,000
$500,000
$750,000
$1,000,000
$1,250,000
$1,500,000
2018 2019 2020 2021 2022 2023
Real Estate Transfer Tax
$0
$550,000
$1,100,000
$1,650,000
$2,200,000
2018 2019 2020 2021 2022 2023
Building Permits
$0
$600,000
$1,200,000
$1,800,000
$2,400,000
2018 2019 2020 2021 2022 2023
Parking Citations
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
2018 2019 2020 2021 2022 2023
Interest Earnings
$0
$600,000
$1,200,000
$1,800,000
2018 2019 2020 2021 2022 2023
Marriott Hotel Rent
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
2018 2019 2020 2021 2022 2023
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 $86,931,574 $54,256,167 62.4% $87,363,052 $51,115,335 $1,037,471 59.7% Street Lighting & Landscaping Fund 201 390,822 229,236 58.7% 719,511 319,694 5,467 45.2% Gas Tax Fund 205 2,048,850 1,194,690 58.3% 3,763,167 203,312 1,073,830 33.9% Asset Forfeiture 210 41,800 41,628 99.6% 135,497 27,298 27,747 40.6% Police Safety Grants 211 159,000 182,898 115.0% 209,693 75,935 22,651 47.0% Prop A Fund 230 883,003 661,502 74.9% 788,363 454,084 5,307 58.3% Prop C Fund 231 10,681,953 2,321,034 21.7% 11,116,168 627,718 1,870,803 22.5% AB 2766 Fund 232 47,500 30,167 63.5% 673 448 - 66.6% Measure R 233 1,087,088 491,172 45.2% 2,595,986 63,400 873,938 36.1% Measure M 234 11,594,378 510,714 4.4% 12,873,472 122,599 507,492 4.9% Measure W 240 3,015,015 459,127 15.2% 2,603,515 85,766 1,073,647 44.5% Capital Improvements Fund 401 2,698,284 1,045,440 38.7% 13,413,182 2,886,881 2,774,497 42.2% Bond Construction Fund 402 - 259,300 n/a 5,595,390 2,565,005 2,897,328 97.6% Underground Assessment District Construction 403 - 122,872 n/a 1,316,657 87,463 8,389 7.3% Water Fund 501 16,472,500 10,855,786 65.9% 33,697,983 14,656,884 10,955,871 76.0% Stormwater Fund 502 344,484 258,866 75.1% 4,458,062 836,414 136,216 21.8% Wastewater Fund 503 3,628,000 2,852,407 78.6% 15,349,147 1,531,707 1,098,577 17.1% Parking Fund 520 3,983,200 2,837,990 71.2% 3,026,777 1,799,997 267,831 68.3% County Parking Lots Fund 521 1,363,000 787,809 57.8% 953,214 144,174 - 15.1% State Pier & Parking Lot Fund 522 833,500 605,932 72.7% 2,776,820 270,910 1,991,758 81.5% Insurance Reserve Fund 601 7,549,860 7,184,509 95.2% 8,278,953 7,966,931 122,582 97.7% Information Systems Reserve Fund 605 3,698,533 2,466,402 66.7% 4,738,998 2,059,118 479,681 53.6% Fleet Management Fund 610 2,772,827 1,732,956 62.5% 4,970,091 1,691,432 1,911,466 72.5% Building Maintenance & Operation Fund 615 2,195,831 1,167,330 53.2% 2,596,244 1,212,150 456,428 64.3% Special Assessment Debt Service 710 714,150 434,502 60.8% 700,450 663,875 - 94.8% Special Assessment UAD 19-12 19-14 Fund 711 606,106 378,240 62.4% 609,007 503,103 - 82.6% Special Assessment UAD 19-4 Fund 712 337,613 188,239 55.8% 341,813 278,506 - 81.5% City Pension Fund 801 264,480 833 0.3% 196,680 133,009 - 67.6% PARS Investment Trust 804 50,000 90,046 180.1% - - - - $164,393,351 $93,647,793 57.0% $225,188,565 $92,383,150 $29,598,976 41.0% Year-to-Date
As of February 28, 2023
Fiscal Year 2022-2023 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 $86,669,227 $262,347 $86,931,574 $54,256,167 32,675,407 62.4% Street Lighting & Landscaping Fund 201 390,822 - 390,822 229,236 161,586 58.7% Gas Tax Fund 205 1,798,763 250,087 2,048,850 1,194,690 854,159 58.3% Asset Forfeiture 210 41,800 - 41,800 41,628 172 99.6% Police Safety Grants 211 159,000 - 159,000 182,898 (23,898) 115.0% Prop A Fund 230 883,003 - 883,003 661,502 221,501 74.9% Prop C Fund 231 712,451 9,969,502 10,681,953 2,321,034 8,360,919 21.7% AB 2766 Fund 232 47,500 - 47,500 30,167 17,333 63.5% Measure R 233 547,088 540,000 1,087,088 491,172 595,916 45.2% Measure M 234 5,921,033 5,673,345 11,594,378 510,714 11,083,664 4.4% Measure W 240 1,611,500 1,403,515 3,015,015 459,127 2,555,889 15.2% Capital Improvements Fund 401 1,605,438 1,092,846 2,698,284 1,045,440 1,652,844 38.7% Bond Construction Fund 402 - - - 259,300 (259,300) 100.0% Underground Assessment District Construction 403 - - - 122,872 (122,872) 100.0% Water Fund 501 16,472,500 - 16,472,500 10,855,786 5,616,714 65.9% Stormwater Fund 502 344,484 - 344,484 258,866 85,618 75.1% Wastewater Fund 503 3,628,000 - 3,628,000 2,852,407 775,593 78.6% Parking Fund 520 3,983,200 - 3,983,200 2,837,990 1,145,210 71.2% County Parking Lots Fund 521 1,363,000 - 1,363,000 787,809 575,191 57.8% State Pier & Parking Lot Fund 522 833,500 - 833,500 605,932 227,568 72.7% Insurance Reserve Fund 601 7,549,860 - 7,549,860 7,184,509 365,351 95.2% Information Systems Reserve Fund 605 3,698,533 - 3,698,533 2,466,402 1,232,131 66.7% Fleet Management Fund 610 2,772,827 - 2,772,827 1,732,956 1,039,871 62.5% Building Maintenance & Operation Fund 615 2,195,831 - 2,195,831 1,167,330 1,028,501 53.2% Special Assessment Debt Service 710 714,150 - 714,150 434,502 279,648 60.8% Special Assessment UAD 19-12 19-14 Fund 711 606,106 - 606,106 378,240 227,866 62.4% Special Assessment UAD 19-4 Fund 712 337,613 - 337,613 188,239 149,374 55.8% City Pension Fund 801 264,480 - 264,480 833 263,647 0.3% PARS Investment Trust 804 50,000 - 50,000 90,046 (40,046) 180.1% $145,201,709 $19,191,642 $164,393,351 $93,647,793 $70,745,558 57.0% City of Manhattan Beach
Fiscal Year 2022-2023 Citywide Revenues
As of February 28, 2023
Current Year Activity
% of Year
66.7%
Fund Original Budget Adjusted Available %
No. Budget Adjustments* Budget Actuals Encumbrances Budget Utilized General Fund 100 $85,275,151 $2,087,901 $87,363,052 $51,115,335 $1,037,471 $35,210,246 59.7% Street Lighting & Landscaping Fund 201 612,022 107,489 719,511 319,694 5,467 394,349 45.2% Gas Tax Fund 205 1,575,138 2,188,029 3,763,167 203,312 1,073,830 2,486,025 33.9% Asset Forfeiture 210 107,750 27,747 135,497 27,298 27,747 80,452 40.6% Police Safety Grants 211 155,000 54,693 209,693 75,935 22,651 111,107 47.0% Prop A Fund 230 780,646 7,717 788,363 454,084 5,307 328,972 58.3% Prop C Fund 231 1,260,138 9,856,030 11,116,168 627,718 1,870,803 8,617,647 22.5% AB 2766 Fund 232 673 - 673 448 - 225 66.6% Measure R 233 760,138 1,835,848 2,595,986 63,400 873,938 1,658,649 36.1% Measure M 234 5,870,138 7,003,334 12,873,472 122,599 507,492 12,243,382 4.9% Measure W 240 1,200,000 1,403,515 2,603,515 85,766 1,073,647 1,444,102 44.5% Capital Improvements Fund 401 6,442,589 6,970,593 13,413,182 2,886,881 2,774,497 7,751,804 42.2% Bond Construction Fund 402 - 5,595,390 5,595,390 2,565,005 2,897,328 133,057 97.6% Underground Assessment District Construction 403 1,285,750 30,907 1,316,657 87,463 8,389 1,220,805 7.3% Water Fund 501 13,304,706 20,393,277 33,697,983 14,656,884 10,955,871 8,085,229 76.0% Stormwater Fund 502 1,836,564 2,621,498 4,458,062 836,414 136,216 3,485,431 21.8% Wastewater Fund 503 4,710,392 10,638,755 15,349,147 1,531,707 1,098,577 12,718,862 17.1% Parking Fund 520 2,698,608 328,169 3,026,777 1,799,997 267,831 958,950 68.3% County Parking Lots Fund 521 953,214 - 953,214 144,174 - 809,040 15.1% State Pier & Parking Lot Fund 522 737,458 2,039,362 2,776,820 270,910 1,991,758 514,152 81.5% Insurance Reserve Fund 601 8,243,352 35,601 8,278,953 7,966,931 122,582 189,440 97.7% Information Systems Reserve Fund 605 4,276,387 462,611 4,738,998 2,059,118 479,681 2,200,198 53.6% Fleet Management Fund 610 2,490,440 2,479,651 4,970,091 1,691,432 1,911,466 1,367,194 72.5% Building Maintenance & Operation Fund 615 2,195,831 400,413 2,596,244 1,212,150 456,428 927,666 64.3% Special Assessment Debt Service 710 700,450 - 700,450 663,875 - 36,575 94.8% Special Assessment UAD 19-12 19-14 Fund 711 609,007 - 609,007 503,103 - 105,904 82.6% Special Assessment UAD 19-4 Fund 712 341,813 - 341,813 278,506 - 63,307 81.5% City Pension Fund 801 196,680 - 196,680 133,009 - 63,671 67.6% PARS Investment Trust 804 - - - - - - - $148,620,035 $76,568,530 $225,188,565 $92,383,150 $29,598,976 $103,206,438 54.2% *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 2022-2023 Citywide Expenditures
As of February 28, 2023
Current Year Activity
% of Year
66.7%
Dept Original Budget Adjusted YTD YTD Available %
No. Budget Adjustments1 Budget Expenditures Encumbrances Budget Used Management Services 11 $4,359,023 $173,158 $4,532,181 $2,741,756 $446,960 $1,343,465 70.4% Finance 12 3,819,223 23,665 3,842,888 2,332,519 87,506 1,422,864 63.0% Human Resources 13 1,622,969 92,701 1,715,670 1,112,382 72,142 531,146 69.0% Parks and Recreation 14 9,131,405 63,127 9,194,532 5,856,818 83,764 3,253,950 64.6% Police 15 33,631,799 510,231 34,142,030 20,126,479 61,664 13,953,886 59.1% Fire 16 15,286,191 343,210 15,629,401 9,214,473 34,395 6,380,533 59.2% Community Development 17 6,782,954 232,895 7,015,849 3,911,849 74,831 3,029,169 56.8% Public Works 18 10,641,587 648,913 11,290,500 5,819,058 176,209 5,295,233 53.1% Information Technology 19 - - - - - - - $85,275,151 $2,087,901 $87,363,052 $51,115,335 $1,037,471 $35,210,246 59.7% ¹Budget Adjustments include City Council-approved adjustments during the current year and encumbrances carried forward from the prior year.
April 30, 2023
May 31, 2022
June 30, 2022
City of Manhattan Beach
Fiscal Year 2022-2023 General Fund Expenditures by Department As of February 28, 2023
Current Year Activity
Account Description Established Purpose Amount
100-21501 Tree and Bench Donations 2003 Donations for trees & benches. $ 6,797 100-21702 Joslyn Foundation Deposits 1997 Joslyn Center Donations. 6,558 100-21705 Pumpkin Race 2013 Sponsorship revenue/expenses for Pumpkin Race. 18,649 100-21706 Recreation Sponsorships 2017 Sponsorship revenue/expenses for other programs. 18,750 802-21708 Public Art Development Fees 2003 Funded through a portion of development fees. Used to fund Public Art. 2,181,256 100-21410 Reserve Force Deposits 1997 Funded through donations. Reserve Officer equipment, training, etc. $ 1,945 100-21405 K9 Deposits 1997 Funded through donations. Used for K9 Equipment. 530 100-21408 Victims Assistance Deposits 1997 Property that is forfeited permanently and goes to auction. The funds are deposited for Victims Assistance programs. 3,423 100-21411 Every 15 Minutes Deposits 1998 Funded through donations. Every 15 Minutes Program. In conjunction with Mira Costa (MBUSD). 4,356 100-21409 Explorer Scout Deposits 1997 Funded through donations. Explorer events, special equipment, etc. 12,585 100-21404 Neighborhood Watch Deposits 1997 Property that is forfeited permanently and goes to auction. The funds are deposited for various Neighborhood Watch uses. 13,039 100-21407 Equipment Deposits 1997 Funded through donations. Used for Various Special Equipment. 23,488 100-21412 Graux Trust (Police) 2014 Donation gift from the Graux Trust. 8,893 100-21402 Inmate Welfare Deposits 1997 Funds generated through inmate telephone in the jail. Use for Inmate welfare, i.e. new mattresses, periodicals, newspapers, books, etc.
46,014
100-21453 Paramedic Trust Deposits 1997 Donations to Fire operations. $ 7,295 100-21451 Graux/Rotary Trust (Fire) 2014 Donation gift from the Graux Trust. 1,756 100-21452 Customer Deposits 2012 Donations from public to fire services. 963 100-21913 Fire Technology Replacement 2020 Funded through a fee of 5% of annual Fire Inspection Permits. The purpose of this technology fee is to recover the cost associated with replacement of existing system, upgrades to the existing and new system, and maintenance costs associated with the system.
19,248
100-21602 Tree Penalties for Illegal Removal 2018 Fines for illegally removed trees for the planting of new trees. $ 77,255 100-21601 General Plan Maintenance 2010 Surcharge taken from permits to fund updates for General Plan (i.e., Mobility Plan, Housing Element, Land Use, etc.). 492,727 100-21608 Seismic Fees 1998 A portion of this fee is paid quarterly by the City to the Department of Conservation (DoC) along with a quarterly report.
Balance of fee is used for data utilization, and seismic education incorporating data interpretations from data of the strong- motion instrumentation program.
63,135
100-21609 Congestion Management Plan 2002 Fees that are charged for projects that increase traffic; Planning correction checklist has section for CMP, where a spreadsheet calculates trips/cost; county program on hold for number of years. Funds are to be used for transportation improvements.
68,440
100-21610 BSA Revolving Fund Fee 2009 Fee identified during Building permit application. A portion of this fee is paid quarterly by the City to the CA Building Standards Commission (BSC) along with a quarterly report. Fee paid to BSC based on calculations in the report. 16,685
100-21616 SB 1186 Disability Access & Education 2014 Fee charged on permits, a portion of which is available yearly for Building Inspector training on Title 24, CASp (Certified Access Specialist Program), and SB 1186.
90,711
100-21914 Energov Technology Replacement 2020 Funded through a fee of 3% of Building Permits. The purpose of this technology fee is to recover the cost associated with replacement of existing system, upgrades to the existing and new system, and maintenance costs associated with the system.
141,435
100-21311 Time Warner PEG Deposit 1997 Public, Education, and Governmental Access. MBtv (city government cablecast and webcast) capital expenditures, repairs and upgrades.
$ 491,424
100-21312 Verizon PEG Deposit 2007 Public, Education, and Governmental Access. MBtv (city government cablecast and webcast) capital expenditures, repairs and upgrades.
325,842
Total $ 4,143,201
Information Technology
Balance Sheet Accounts
As of February 28, 2023
Parks & Recreation
Police
Fire
Community Development