Manhattan Beach City Council
November 7, 2023

FY 2023-2024 Quarter 1 Actuals
General Fund
FY 2022-2023 FY 2023-2024
General Fund Revenues Quarter 1 Quarter 1 $ %
Key Revenues
Property Tax $824,597 $896,048 $71,450 8.7%
Sales & Use Tax 2,906,340 3,129,686 223,346 7.7%
Hotel/Motel Transient Occupancy Tax 1,874,724 2,088,298 213,573 11.4% Short-Term Rental Transient Occupancy Tax 14,383 223,665 209,282 1455.1% Business License Tax 432,420 475,614 43,194 10.0%
Real Estate Transfer Tax 109,875 162,856 52,980 48.2%
Building Permits 507,980 662,690 154,710 30.5%
Parking Citations 524,524 315,987 (208,537) (39.8%)
Westdrift Hotel Rent 402,522 459,137 56,615 14.1%
Building Plan Check Fees 446,677 465,391 18,715 4.2%
Subtotal Key Revenues $8,044,042 $8,879,370 $835,329 10.4% Remaining Revenues by Category
Other Taxes & Assessments $146,465 $134,253 ($12,212) (8.3%) Revenue from Permits 353,640 357,567 3,927 1.1%
Fines 24,413 27,611 3,198 13.1%
Interest & Rents 655,114 1,040,458 385,344 58.8%
From Other Governments 7,500 256,371 248,871 3318.3%
Service Charges 3,046,287 3,499,555 453,269 14.9%
Operating Service Transfers 914,938 1,095,573 180,635 19.7% Miscellaneous 189,067 131,491 (57,576) (30.5%)
Subtotal Other Revenues $5,337,425 $6,542,881 $1,205,456 22.6% General Fund Revenues $13,381,466 $15,422,251 $2,040,785 15.3% Unrealized Investment Gain/(Loss) 1,104,166 1,589,861 485,695 44.0% Total General Fund Revenues $14,485,632 $17,012,112 $2,526,480 17.4% FY 2022-2023 FY 2023-2024
General Fund Expenditure Category Quarter 1 Quarter 1 $ % Salary & Wages $8,412,159 $9,235,766 $823,607 9.8%
Employee Benefits 3,349,265 3,669,526 320,261 9.6%
Contract & Professional Services 2,963,270 2,984,931 21,661 0.7% Materials & Services 629,937 691,538 61,601 9.8%
Utilities 162,374 347,049 184,675 113.7%
Internal Service Charges 2,231,540 2,898,004 666,463 29.9% Property & Equipment 1,551 1,194 (358) (23.1%)
Total General Fund Expenditures $17,750,097 $19,828,008 $2,077,911 11.7% FY 2022-2023 FY 2023-2024
Quarter 1 Quarter 1
Total Revenues* $13,381,466 $15,422,251
Total Expenditures 17,750,097 19,828,008
($4,368,631) ($4,405,757)
*Excluding Unrealized Investment Gain/(Loss)
General Fund Revenue &
Expenditure Summary
Increase/(Decrease)
from FY 2023 to FY 2024
Increase/(Decrease)
from FY 2023 to FY 2024