City of Manhattan Beach
Finance Department
Month End Report
July 2023
Fiscal Year 2022-2023
% of Year
8.3%
Adjusted Adjusted
Fund Budget YTD % Budget %
No. Revenues Revenues Realized Expenditures Expenditures Encumbrances Utilized General Fund 100 $93,300,981 $5,049,632 5.4% $92,825,964 $6,295,775 $1,422,942 8.3% Street Lighting & Landscaping Fund 201 390,597 6,980 1.8% 695,449 16,130 7,550 3.4% Gas Tax Fund 205 1,946,355 156,214 8.0% 2,555,138 - 89,471 3.5% Asset Forfeiture 210 41,800 354 0.8% 90,500 - - 0.0% Police Safety Grants 211 164,000 1,018 0.6% 239,000 17,052 (8,164) 3.7% Prop A Fund 230 1,036,405 94,831 9.1% 763,401 59,254 - 7.8% Prop C Fund 231 839,596 558,590 66.5% 810,138 - 381,614 47.1% AB 2766 Fund 232 47,500 525 1.1% 275,673 56 - 0.0% Measure R 233 2,482,521 4,866 0.2% 1,060,138 - 258,161 24.4% Measure M 234 3,999,190 4,596 0.1% 3,940,138 - 334,077 8.5% Measure W 240 25,530,264 4,349 0.0% 26,348,763 - 49,676 0.2% Capital Improvements Fund 401 2,072,438 147,409 7.1% 7,896,641 - 957,727 12.1% Bond Construction Fund 402 - 5,665 n/a - 44,134 1,522,962 n/a Underground Assessment District Construction 403 - 5,090 n/a 360,000 - - 0.0% Water Fund 501 16,201,728 1,753,994 10.8% 17,232,256 343,902 291,923 3.7% Stormwater Fund 502 393,051 11,011 2.8% 3,083,612 33,194 (8,608) 0.8% Wastewater Fund 503 3,898,500 377,067 9.7% 3,755,752 158,957 365,790 14.0% Parking Fund 520 4,457,200 500,705 11.2% 4,143,929 227,141 178,045 9.8% County Parking Lots Fund 521 1,382,200 148,525 10.7% 1,016,620 6,920 - 0.7% State Pier & Parking Lot Fund 522 858,500 96,425 11.2% 622,046 18,961 176,990 31.5% Insurance Reserve Fund 601 8,857,380 687,785 7.8% 8,737,009 2,768,898 264,825 34.7% Information Systems Reserve Fund 605 4,404,750 367,064 8.3% 4,516,563 353,465 12,362 8.1% Fleet Management Fund 610 3,204,433 280,957 8.8% 3,281,804 280,086 (80,917) 6.1% Building Maintenance & Operation Fund 615 2,560,994 216,930 8.5% 2,530,593 165,828 243,951 16.2% Special Assessment Debt Service 710 714,150 13,231 1.9% 706,475 - - 0.0% Special Assessment UAD 19-12 19-14 Fund 711 606,106 6,034 1.0% 605,807 - - 0.0% Special Assessment UAD 19-4 Fund 712 337,613 9,737 2.9% 337,363 - - 0.0% City Pension Fund 801 264,480 113 0.0% 196,680 15,821 - 8.0% PARS Investment Trust 804 50,000 36,308 72.6% - - - - $180,042,732 $10,546,006 5.9% $188,627,452 $10,805,574 $6,460,376 5.7% Year-to-Date
As of July 31, 2023
Fiscal Year 2023-2024 Statement of Revenues & Expenditures City of Manhattan Beach
Current Year Activity
% of Year
8.3%
Fund Original Budget Adjusted Year-to-Date Unrealized % No. Budget Adjustments Budget Actuals Amount Realized
General Fund 100 $93,300,981 $0 $93,300,981 $5,049,632 88,251,349 5.4% Street Lighting & Landscaping Fund 201 390,597 - 390,597 6,980 383,617 1.8% Gas Tax Fund 205 1,946,355 - 1,946,355 156,214 1,790,141 8.0% Asset Forfeiture 210 41,800 - 41,800 354 41,446 0.8% Police Safety Grants 211 164,000 - 164,000 1,018 162,982 0.6% Prop A Fund 230 1,036,405 - 1,036,405 94,831 941,575 9.1% Prop C Fund 231 839,596 - 839,596 558,590 281,006 66.5% AB 2766 Fund 232 47,500 - 47,500 525 46,975 1.1% Measure R 233 2,482,521 - 2,482,521 4,866 2,477,655 0.2% Measure M 234 3,999,190 - 3,999,190 4,596 3,994,594 0.1% Measure W 240 25,530,264 - 25,530,264 4,349 25,525,915 0.0% Capital Improvements Fund 401 2,072,438 - 2,072,438 147,409 1,925,029 7.1% Bond Construction Fund 402 - - - 5,665 (5,665) 100.0% Underground Assessment District Construction 403 - - - 5,090 (5,090) 100.0% Water Fund 501 16,201,728 - 16,201,728 1,753,994 14,447,734 10.8% Stormwater Fund 502 393,051 - 393,051 11,011 382,040 2.8% Wastewater Fund 503 3,898,500 - 3,898,500 377,067 3,521,433 9.7% Parking Fund 520 4,457,200 - 4,457,200 500,705 3,956,495 11.2% County Parking Lots Fund 521 1,382,200 - 1,382,200 148,525 1,233,675 10.7% State Pier & Parking Lot Fund 522 858,500 - 858,500 96,425 762,075 11.2% Insurance Reserve Fund 601 8,857,380 - 8,857,380 687,785 8,169,595 7.8% Information Systems Reserve Fund 605 4,404,750 - 4,404,750 367,064 4,037,686 8.3% Fleet Management Fund 610 3,204,433 - 3,204,433 280,957 2,923,476 8.8% Building Maintenance & Operation Fund 615 2,560,994 - 2,560,994 216,930 2,344,064 8.5% Special Assessment Debt Service 710 714,150 - 714,150 13,231 700,919 1.9% Special Assessment UAD 19-12 19-14 Fund 711 606,106 - 606,106 6,034 600,072 1.0% Special Assessment UAD 19-4 Fund 712 337,613 - 337,613 9,737 327,876 2.9% City Pension Fund 801 264,480 - 264,480 113 264,368 0.0% PARS Investment Trust 804 50,000 - 50,000 36,308 13,692 72.6% $180,042,732 $0 $180,042,732 $10,546,006 $169,496,726 5.9% City of Manhattan Beach
Fiscal Year 2023-2024 Citywide Revenues
As of July 31, 2023
Current Year Activity
% of Year
8.3%
Fund Original Budget Adjusted Available %
No. Budget Adjustments* Budget Actuals Encumbrances Budget Utilized General Fund 100 $92,825,964 $0 $92,825,964 $6,295,775 $1,422,942 $85,107,247 8.3% Street Lighting & Landscaping Fund 201 695,449 - 695,449 16,130 7,550 671,769 3.4% Gas Tax Fund 205 2,555,138 - 2,555,138 - 89,471 2,465,667 3.5% Asset Forfeiture 210 90,500 - 90,500 - - 90,500 0.0% Police Safety Grants 211 239,000 - 239,000 17,052 (8,164) 230,112 3.7% Prop A Fund 230 763,401 - 763,401 59,254 - 704,147 7.8% Prop C Fund 231 810,138 - 810,138 - 381,614 428,524 47.1% AB 2766 Fund 232 275,673 - 275,673 56 - 275,617 0.0% Measure R 233 1,060,138 - 1,060,138 - 258,161 801,977 24.4% Measure M 234 3,940,138 - 3,940,138 - 334,077 3,606,061 8.5% Measure W 240 26,348,763 - 26,348,763 - 49,676 26,299,087 0.2% Capital Improvements Fund 401 7,896,641 - 7,896,641 - 957,727 6,938,914 12.1% Bond Construction Fund 402 - - - 44,134 1,522,962 (1,567,096) 100.0% Underground Assessment District Construction 403 360,000 - 360,000 - - 360,000 0.0% Water Fund 501 17,232,256 - 17,232,256 343,902 291,923 16,596,430 3.7% Stormwater Fund 502 3,083,612 - 3,083,612 33,194 (8,608) 3,059,026 0.8% Wastewater Fund 503 3,755,752 - 3,755,752 158,957 365,790 3,231,004 14.0% Parking Fund 520 4,143,929 - 4,143,929 227,141 178,045 3,738,743 9.8% County Parking Lots Fund 521 1,016,620 - 1,016,620 6,920 - 1,009,700 0.7% State Pier & Parking Lot Fund 522 622,046 - 622,046 18,961 176,990 426,095 31.5% Insurance Reserve Fund 601 8,737,009 - 8,737,009 2,768,898 264,825 5,703,286 34.7% Information Systems Reserve Fund 605 4,516,563 - 4,516,563 353,465 12,362 4,150,736 8.1% Fleet Management Fund 610 3,281,804 - 3,281,804 280,086 (80,917) 3,082,635 6.1% Building Maintenance & Operation Fund 615 2,530,593 - 2,530,593 165,828 243,951 2,120,814 16.2% Special Assessment Debt Service 710 706,475 - 706,475 - - 706,475 0.0% Special Assessment UAD 19-12 19-14 Fund 711 605,807 - 605,807 - - 605,807 0.0% Special Assessment UAD 19-4 Fund 712 337,363 - 337,363 - - 337,363 0.0% City Pension Fund 801 196,680 - 196,680 15,821 - 180,859 8.0% PARS Investment Trust 804 - - - - - - - $188,627,452 $0 $188,627,452 $10,805,574 $6,460,376 $171,361,502 9.2% *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 2023-2024 Citywide Expenditures
As of July 31, 2023
Current Year Activity
% of Year
8.3%
Dept Original Budget Adjusted YTD YTD Available %
No. Budget Adjustments1 Budget Expenditures Encumbrances Budget Used Management Services 11 $4,772,336 $0 $4,772,336 $261,940 $17,775 $4,492,621 5.9% Finance 12 4,072,716 - 4,072,716 282,735 180,149 3,609,832 11.4% Human Resources 13 1,698,442 - 1,698,442 109,689 53,087 1,535,666 9.6% Parks and Recreation 14 11,616,474 - 11,616,474 1,002,003 88,971 10,525,501 9.4% Police 15 35,878,624 - 35,878,624 2,386,480 58,619 33,433,525 6.8% Fire 16 16,595,215 - 16,595,215 1,227,542 4,276 15,363,397 7.4% Community Development 17 7,851,987 - 7,851,987 408,709 580,238 6,863,040 12.6% Public Works 18 10,340,170 - 10,340,170 616,678 439,828 9,283,665 10.2% Information Technology 19 - - - - - - - $92,825,964 $0 $92,825,964 $6,295,775 $1,422,942 $85,107,247 8.3% ¹Budget Adjustments include City Council-approved adjustments during the current year and encumbrances carried forward from the prior year.
April 30, 2024
May 31, 2024
June 30, 2024
City of Manhattan Beach
Fiscal Year 2023-2024 General Fund Expenditures by Department As of July 31, 2023
Current Year Activity
3 4 5 6 7
Percent of Year
8.3%
Fund
Major Revenue Accounts No. 2019 2020 2021 2022 2023 2024 Adj Budget Realized Property Taxes 100 - - - - - 565,924 38,049,313 1.5% Sales & Use Tax 100 807,489 796,068 808,170 810,878 903,609 1,087,863 9,260,000 11.7% Franchise Tax (a) 100 - - - - - - 1,135,000 0.0% Hotel Tax 100 368,172 428,140 149,656 424,420 374,609 627,173 4,025,000 15.6% Business License Tax 100 94,379 125,814 309,824 590,778 183,846 213,052 3,600,000 5.9% Real Estate Transfer Tax 100 83,209 42,322 - 99,788 - 69,040 810,000 8.5% Building Permits 100 103,762 211,387 192,218 118,802 170,529 234,085 1,532,712 15.3% Parking Citations 100 208,631 161,563 121,490 195,593 30,532 215,611 1,875,000 11.5% Interest Earnings 100 95,297 269,085 (30,364) 63,707 (24,827) 268,141 637,522 42.1% Marriott Hotel Rent 100 33,333 423,467 33,333 196,535 33,333 492,470 1,350,000 36.5% Vehicle in Lieu 100 - - - - - - 17,000 0.0% Building Plan Check Fees 100 171,379 189,865 242,439 131,989 179,695 149,540 1,755,000 8.5% Total Major Revenue Accounts 1,965,650 2,647,711 1,826,766 2,632,490 1,851,326 3,922,898 64,046,547 6.1% Over/(Under) Prior Year 682,060 (820,944) 805,723 (781,164) 2,071,572 Percent Change From Prior Year 34.7% (31.0%) 44.1% (29.7%) 111.9% Other Revenues 2,307,387 2,205,619 1,193,188 1,357,645 3,183,514 1,126,734 29,254,434 3.9% Total General Fund Revenues 4,273,038 4,853,329 3,019,954 3,990,134 5,034,840 5,049,632 93,300,981 5.4%
(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 2023-2024 General Fund Major Revenue Trends Year-To-Date Actuals FY 2024
July 31, 2023
$0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 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
July 31, 2023
Fiscal Year 2023-24
Fiscal Year 2022-23
General Fund Major Revenue Sources
3 4 5 6 7
Percent of Year
8.3%
#DIV/0!
-
City of Manhattan Beach
Fiscal Year-To-Date General Fund Trends
Through July Year-Over-Year
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
2019 2020 2021 2022 2023 2024
Sales & Use Tax
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
2019 2020 2021 2022 2023 2024
Franchise Tax
$0
$400,000
$800,000
$1,200,000
$1,600,000
$2,000,000
2019 2020 2021 2022 2023 2024
Property Taxes
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
2019 2020 2021 2022 2023 2024
Hotel Tax
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
2019 2020 2021 2022 2023 2024
Business License Tax
$0
$50,000
$100,000
$150,000
$200,000
$250,000
2019 2020 2021 2022 2023 2024
Real Estate Transfer Tax
$0
$100,000
$200,000
$300,000
$400,000
$500,000
2019 2020 2021 2022 2023 2024
Building Permits
$0
$100,000
$200,000
$300,000
$400,000
$500,000
2019 2020 2021 2022 2023 2024
Parking Citations
$0
$100,000
$200,000
$300,000
$400,000
$500,000
2019 2020 2021 2022 2023 2024
Interest Earnings
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
2019 2020 2021 2022 2023 2024
Marriott Hotel Rent
$0
$100,000
$200,000
$300,000
$400,000
$500,000
2019 2020 2021 2022 2023 2024
Building Plan Check Fees
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. 19,131 100-21706 Recreation Sponsorships 2017 Sponsorship revenue/expenses for other programs. 24,750 802-21708 Public Art Development Fees 2003 Funded through a portion of development fees. Used to fund Public Art. 1,801,652 100-21410 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. 24,198 100-21412 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.
46,260
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.
28,473
100-21602 Tree Penalties for Illegal Removal 2018 Fines for illegally removed trees for the planting of new trees. $ 77,355 100-21601 General Plan Maintenance 2010 Surcharge taken from permits to fund updates for General Plan (i.e., Mobility Plan, Housing Element, Land Use, etc.). 514,940 100-21608 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.
67,787
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. 18,142
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.
90,512
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.
198,986
100-21311 Time Warner PEG Deposit 1997 Public, Education, and Governmental Access. MBtv (city government cablecast and webcast) capital expenditures, repairs and upgrades.
$ 506,827
100-21312 Verizon PEG Deposit 2007 Public, Education, and Governmental Access. MBtv (city government cablecast and webcast) capital expenditures, repairs and upgrades.
326,331
Total $ 3,881,928
Information Technology
Balance Sheet Accounts
As of July 31, 2023
Parks & Recreation
Police
Fire
Community Development