City of Manhattan Beach
Finance Department
Month End Report
September 2023
Fiscal Year 2022-2023
% of Year
25.0%
Dept Original Budget Adjusted YTD YTD Available %
No. Budget Adjustments1 Budget Expenditures Encumbrances Budget Used Management Services 11 $4,772,336 $354,644 $5,126,980 $805,228 $315,108 $4,006,644 21.9% Finance 12 4,072,716 64,446 4,137,162 916,995 182,888 3,037,279 26.6% Human Resources 13 1,698,442 40,482 1,738,924 360,054 39,413 1,339,456 23.0% Parks and Recreation 14 11,616,474 116,816 11,733,290 2,850,588 956,363 7,926,338 32.4% Police 15 35,878,624 116,296 35,994,920 7,420,131 123,773 28,451,016 21.0% Fire 16 16,595,215 12,918 16,608,133 3,738,831 26,670 12,842,631 22.7% Community Development 17 7,851,987 396,816 8,248,803 1,547,968 577,019 6,123,816 25.8% Public Works 18 10,340,170 774,993 11,115,163 2,188,211 1,211,851 7,715,100 30.6% Information Technology 19 - - - - - - - $92,825,964 $1,877,411 $94,703,375 $19,828,008 $3,433,086 $71,442,281 24.6% 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 September 30, 2023
Current Year Activity
% of Year
25.0%
Adjusted Adjusted
Fund Budget YTD % Budget %
No. Revenues Revenues Realized Expenditures Expenditures Encumbrances Utilized General Fund 100 $93,300,981 $17,287,344 18.5% $94,703,375 $19,828,008 $3,433,086 24.6% Street Lighting & Landscaping Fund 201 390,597 1,478 0.4% 730,365 66,295 77,929 19.7% Gas Tax Fund 205 1,982,355 489,551 24.7% 4,579,843 89,513 1,996,553 45.5% Asset Forfeiture 210 41,800 7,916 18.9% 90,500 6,774 - 7.5% Police Safety Grants 211 164,000 24,595 15.0% 269,421 22,771 16,628 14.6% Prop A Fund 230 1,403,363 283,686 20.2% 1,171,132 186,364 407,731 50.7% Prop C Fund 231 839,596 327,842 39.0% 3,637,466 1,003,951 1,876,155 79.2% AB 2766 Fund 232 47,500 10,979 23.1% 275,673 168 - 0.1% Measure R 233 2,482,521 330,143 13.3% 1,556,916 55,497 540,270 38.3% Measure M 234 3,999,190 212,280 5.3% 5,880,763 128,819 1,872,214 34.0% Measure W 240 25,530,264 107,779 0.4% 26,938,812 34,839 639,725 2.5% Capital Improvements Fund 401 2,072,438 586,890 28.3% 10,152,980 915,037 1,591,356 24.7% Bond Construction Fund 402 - 238,843 n/a 1,899,593 518,448 1,445,527 103.4% Underground Assessment District Construction 403 - 124,407 n/a 368,389 17,189 8,389 6.9% Water Fund 501 16,201,728 5,394,653 33.3% 20,919,761 2,930,655 3,752,453 31.9% Stormwater Fund 502 393,051 130,445 33.2% 3,187,826 203,168 81,138 8.9% Wastewater Fund 503 3,898,500 1,794,305 46.0% 4,328,228 578,107 574,346 26.6% Parking Fund 520 4,457,200 1,451,701 32.6% 4,418,254 565,213 201,642 17.4% County Parking Lots Fund 521 1,382,200 344,569 24.9% 1,016,620 24,629 - 2.4% State Pier & Parking Lot Fund 522 858,500 303,594 35.4% 2,735,676 80,505 2,113,630 80.2% Insurance Reserve Fund 601 8,857,380 2,242,762 25.3% 8,775,042 3,734,608 229,762 45.2% Information Systems Reserve Fund 605 4,404,750 1,101,192 25.0% 5,166,879 1,286,344 676,731 38.0% Fleet Management Fund 610 3,204,433 745,737 23.3% 4,995,171 803,031 1,558,976 47.3% Building Maintenance & Operation Fund 615 2,560,994 527,434 20.6% 2,841,006 525,662 277,180 28.3% Special Assessment Debt Service 710 714,150 6,541 0.9% 706,475 661,814 - 93.7% Special Assessment UAD 19-12 19-14 Fund 711 606,106 5,145 0.8% 605,807 492,358 - 81.3% Special Assessment UAD 19-4 Fund 712 337,613 2,684 0.8% 337,363 271,974 - 80.6% City Pension Fund 801 264,480 555 0.2% 196,680 48,491 - 24.7% PARS Investment Trust 804 50,000 (83,088) -166.2% - - - - $180,445,690 $34,001,962 18.8% $212,486,017 $35,080,231 $23,371,422 16.5% Year-to-Date
As of September 30, 2023
Fiscal Year 2023-2024 Statement of Revenues & Expenditures City of Manhattan Beach
Current Year Activity
% of Year
25.0%
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 $17,287,344 76,013,637 18.5% Street Lighting & Landscaping Fund 201 390,597 - 390,597 1,478 389,119 0.4% Gas Tax Fund 205 1,946,355 36,000 1,982,355 489,551 1,492,804 24.7% Asset Forfeiture 210 41,800 - 41,800 7,916 33,884 18.9% Police Safety Grants 211 164,000 - 164,000 24,595 139,405 15.0% Prop A Fund 230 1,036,405 366,958 1,403,363 283,686 1,119,677 20.2% Prop C Fund 231 839,596 - 839,596 327,842 511,754 39.0% AB 2766 Fund 232 47,500 - 47,500 10,979 36,521 23.1% Measure R 233 2,482,521 - 2,482,521 330,143 2,152,378 13.3% Measure M 234 3,999,190 - 3,999,190 212,280 3,786,910 5.3% Measure W 240 25,530,264 - 25,530,264 107,779 25,422,485 0.4% Capital Improvements Fund 401 2,072,438 - 2,072,438 586,890 1,485,548 28.3% Bond Construction Fund 402 - - - 238,843 (238,843) 100.0% Underground Assessment District Construction 403 - - - 124,407 (124,407) 100.0% Water Fund 501 16,201,728 - 16,201,728 5,394,653 10,807,075 33.3% Stormwater Fund 502 393,051 - 393,051 130,445 262,606 33.2% Wastewater Fund 503 3,898,500 - 3,898,500 1,794,305 2,104,195 46.0% Parking Fund 520 4,457,200 - 4,457,200 1,451,701 3,005,499 32.6% County Parking Lots Fund 521 1,382,200 - 1,382,200 344,569 1,037,631 24.9% State Pier & Parking Lot Fund 522 858,500 - 858,500 303,594 554,906 35.4% Insurance Reserve Fund 601 8,857,380 - 8,857,380 2,242,762 6,614,618 25.3% Information Systems Reserve Fund 605 4,404,750 - 4,404,750 1,101,192 3,303,558 25.0% Fleet Management Fund 610 3,204,433 - 3,204,433 745,737 2,458,697 23.3% Building Maintenance & Operation Fund 615 2,560,994 - 2,560,994 527,434 2,033,560 20.6% Special Assessment Debt Service 710 714,150 - 714,150 6,541 707,609 0.9% Special Assessment UAD 19-12 19-14 Fund 711 606,106 - 606,106 5,145 600,961 0.8% Special Assessment UAD 19-4 Fund 712 337,613 - 337,613 2,684 334,929 0.8% City Pension Fund 801 264,480 - 264,480 555 263,925 0.2% PARS Investment Trust 804 50,000 - 50,000 (83,088) 133,088 -166.2% $180,042,732 $402,958 $180,445,690 $34,001,962 $146,443,728 18.8% City of Manhattan Beach
Fiscal Year 2023-2024 Citywide Revenues
As of September 30, 2023
Current Year Activity
% of Year
25.0%
Fund Original Budget Adjusted Available %
No. Budget Adjustments* Budget Actuals Encumbrances Budget Utilized General Fund 100 $92,825,964 $1,877,411 $94,703,375 $19,828,008 $3,433,086 $71,442,281 24.6% Street Lighting & Landscaping Fund 201 695,449 34,916 730,365 66,295 77,929 586,141 19.7% Gas Tax Fund 205 2,555,138 2,024,705 4,579,843 89,513 1,996,553 2,493,777 45.5% Asset Forfeiture 210 90,500 - 90,500 6,774 - 83,726 7.5% Police Safety Grants 211 239,000 30,421 269,421 22,771 16,628 230,021 14.6% Prop A Fund 230 763,401 407,731 1,171,132 186,364 407,731 577,037 50.7% Prop C Fund 231 810,138 2,827,328 3,637,466 1,003,951 1,876,155 757,360 79.2% AB 2766 Fund 232 275,673 - 275,673 168 - 275,505 0.1% Measure R 233 1,060,138 496,778 1,556,916 55,497 540,270 961,149 38.3% Measure M 234 3,940,138 1,940,625 5,880,763 128,819 1,872,214 3,879,730 34.0% Measure W 240 26,348,763 590,049 26,938,812 34,839 639,725 26,264,248 2.5% Capital Improvements Fund 401 7,896,641 2,256,339 10,152,980 915,037 1,591,356 7,646,587 24.7% Bond Construction Fund 402 - 1,899,593 1,899,593 518,448 1,445,527 (64,382) 103.4% Underground Assessment District Construction 403 360,000 8,389 368,389 17,189 8,389 342,811 6.9% Water Fund 501 17,232,256 3,687,505 20,919,761 2,930,655 3,752,453 14,236,654 31.9% Stormwater Fund 502 3,083,612 104,214 3,187,826 203,168 81,138 2,903,520 8.9% Wastewater Fund 503 3,755,752 572,476 4,328,228 578,107 574,346 3,175,776 26.6% Parking Fund 520 4,143,929 274,325 4,418,254 565,213 201,642 3,651,399 17.4% County Parking Lots Fund 521 1,016,620 - 1,016,620 24,629 - 991,991 2.4% State Pier & Parking Lot Fund 522 622,046 2,113,630 2,735,676 80,505 2,113,630 541,541 80.2% Insurance Reserve Fund 601 8,737,009 38,033 8,775,042 3,734,608 229,762 4,810,672 45.2% Information Systems Reserve Fund 605 4,516,563 650,316 5,166,879 1,286,344 676,731 3,203,804 38.0% Fleet Management Fund 610 3,281,804 1,713,367 4,995,171 803,031 1,558,976 2,633,164 47.3% Building Maintenance & Operation Fund 615 2,530,593 310,413 2,841,006 525,662 277,180 2,038,164 28.3% Special Assessment Debt Service 710 706,475 - 706,475 661,814 - 44,661 93.7% Special Assessment UAD 19-12 19-14 Fund 711 605,807 - 605,807 492,358 - 113,449 81.3% Special Assessment UAD 19-4 Fund 712 337,363 - 337,363 271,974 - 65,389 80.6% City Pension Fund 801 196,680 - 196,680 48,491 - 148,189 24.7% PARS Investment Trust 804 - - - - - - - $188,627,452 $23,858,565 $212,486,017 $35,080,231 $23,371,422 $154,034,364 27.5% *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 September 30, 2023
Current Year Activity
$3 $4 $5 $6 $7
Percent of Year
25.0%
Fund
Major Revenue Accounts No. 2019 2020 2021 2022 2023 2024 Adj Budget Realized Property Taxes 100 $728,979 $755,718 $776,468 $770,228 $824,597 $896,048 $38,049,313 2.4% Sales & Use Tax 100 2,287,552 2,317,466 1,945,493 2,376,253 2,864,287 3,090,624 9,260,000 33.4% Franchise Tax (a) 100 167,202 159,776 151,631 147,576 143,854 131,838 1,135,000 11.6% Hotel Tax 100 1,202,279 1,391,156 501,037 1,308,753 1,889,107 2,311,962 4,025,000 57.4% Business License Tax 100 272,090 319,075 557,680 801,942 432,420 475,614 3,600,000 13.2% Real Estate Transfer Tax 100 183,454 377,688 128,916 336,863 109,875 162,856 810,000 20.1% Building Permits 100 406,031 466,690 378,485 462,326 507,980 662,690 1,532,712 43.2% Parking Citations 100 563,197 526,435 386,735 532,862 524,524 315,987 1,875,000 16.9% Interest Earnings 100 334,805 388,176 370,608 245,811 199,650 564,120 637,522 88.5% Marriott Hotel Rent 100 385,837 490,134 100,000 263,202 502,522 559,137 1,350,000 41.4% Vehicle in Lieu 100 - - - - - - 17,000 0.0% Building Plan Check Fees 100 457,552 512,390 481,107 458,479 446,677 465,391 1,755,000 26.5% Total Major Revenue Accounts $6,988,978 $7,704,704 $5,778,161 $7,704,294 $8,445,492 $9,636,266 $64,046,547 15.0% Over/(Under) Prior Year 715,726 (1,926,543) 1,926,133 741,198 1,190,774 Percent Change From Prior Year 10.2% (25.0%) 33.3% 9.6% 14.1% Other Revenues 4,750,134 4,397,387 3,360,990 3,998,534 6,040,140 7,651,078 29,254,434 26.2% Total General Fund Revenues $11,739,112 $12,102,091 $9,139,151 $11,702,828 $14,485,632 $17,287,344 $93,300,981 18.5%
(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
September 30, 2023
$0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 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
September 30, 2023
Fiscal Year 2023-24
Fiscal Year 2022-23
General Fund Major Revenue Sources
$3 $4 $5 $6 $7
Percent of Year
25.0%
#DIV/0!
-
City of Manhattan Beach
Fiscal Year-To-Date General Fund Trends
Through September Year-Over-Year
$0
$750,000
$1,500,000
$2,250,000
$3,000,000
$3,750,000
2019 2020 2021 2022 2023 2024
Sales & Use Tax
$0
$100,000
$200,000
$300,000
$400,000
$500,000
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
$600,000
$1,200,000
$1,800,000
$2,400,000
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
$100,000
$200,000
$300,000
$400,000
$500,000
2019 2020 2021 2022 2023 2024
Real Estate Transfer Tax
$0
$200,000
$400,000
$600,000
$800,000
2019 2020 2021 2022 2023 2024
Building Permits
$0
$150,000
$300,000
$450,000
$600,000
2019 2020 2021 2022 2023 2024
Parking Citations
$0
$150,000
$300,000
$450,000
$600,000
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
$150,000
$300,000
$450,000
$600,000
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. 11,603 100-21706 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. 1,762,938 100-21410 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.
46,383
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. 1,063 100-21913 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.
31,261
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.). 527,652 100-21608 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.
69,968
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. 18,908
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.
106,888
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.
69,093
100-21311 Time Warner PEG Deposit 1997 Public, Education, and Governmental Access. MBtv (city government cablecast and webcast) capital expenditures, repairs and upgrades.
$ 520,496
100-21312 Verizon PEG Deposit 2007 Public, Education, and Governmental Access. MBtv (city government cablecast and webcast) capital expenditures, repairs and upgrades.
330,441
Total $ 3,758,615
Information Technology
Balance Sheet Accounts
As of Septmber 30, 2023
Parks & Recreation
Police
Fire
Community Development