City of Manhattan Beach
Finance Department
Month End Report
November 2023
Fiscal Year 2022-2023
% of Year
41.7%
Dept Original Budget Adjusted YTD YTD Available %
No. Budget Adjustments1 Budget Expenditures Encumbrances Budget Used Management Services 11 $4,772,336 $424,327 $5,196,663 $1,482,370 $291,843 $3,422,450 34.1% Finance 12 4,072,716 64,446 4,137,162 1,625,945 126,808 2,384,409 42.4% Human Resources 13 1,698,442 40,482 1,738,924 612,706 39,413 1,086,805 37.5% Parks and Recreation 14 11,616,474 116,816 11,733,290 4,528,700 805,847 6,398,743 45.5% Police 15 35,878,624 191,296 36,069,920 12,276,232 102,026 23,691,661 34.3% Fire 16 16,595,215 12,918 16,608,133 6,458,230 71,006 10,078,897 39.3% Community Development 17 7,851,987 446,771 8,298,758 2,762,340 470,892 5,065,526 39.0% Public Works 18 10,340,170 806,821 11,146,991 3,999,096 1,024,031 6,123,863 45.1% Information Technology 19 - - - - - - - $92,825,964 $2,103,876 $94,929,840 $33,745,619 $2,931,867 $58,252,353 38.6% 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 November 30, 2023
Current Year Activity
% of Year
41.7%
Adjusted Adjusted
Fund Budget YTD % Budget %
No. Revenues Revenues Realized Expenditures Expenditures Encumbrances Utilized General Fund 100 $93,481,634 $25,825,682 27.6% $94,929,840 $33,745,619 $2,931,867 38.6% Street Lighting & Landscaping Fund 201 390,597 3,066 0.8% 753,252 245,962 10,745 34.1% Gas Tax Fund 205 1,982,355 857,454 43.3% 4,461,300 491,147 1,530,189 45.3% Asset Forfeiture Fund 210 41,800 22,153 53.0% 90,500 19,888 - 22.0% Police Safety Grants Fund 211 164,000 164,789 100.5% 269,421 39,554 - 14.7% Prop A Fund 230 1,403,363 442,957 31.6% 1,171,132 282,282 407,731 58.9% Prop C Fund 231 839,596 640,063 76.2% 3,637,466 2,458,328 400,582 78.6% AB 2766 Fund 232 47,500 12,132 25.5% 275,673 280 - 0.1% Measure R Fund 233 2,482,521 802,807 32.3% 1,556,916 90,388 558,885 41.7% Measure M Fund 234 3,999,190 531,693 13.3% 5,880,763 1,709,444 360,712 35.2% Measure W Fund 240 25,530,264 116,156 0.5% 26,938,812 99,503 568,719 2.5% Capital Improvements Fund 401 2,272,393 1,132,896 49.9% 11,130,113 1,215,462 2,364,190 32.2% Bond Construction Fund 402 - 246,186 n/a 1,899,593 1,246,467 628,619 98.7% Underground Assessment District Construction 403 - 135,001 n/a 368,389 13,556 8,389 6.0% Water Fund 501 16,201,728 8,164,085 50.4% 20,919,761 6,113,099 2,831,366 42.8% Stormwater Fund 502 393,051 147,262 37.5% 3,344,785 361,655 116,519 14.3% Wastewater Fund 503 3,898,500 2,446,715 62.8% 4,328,228 951,971 1,250,917 50.9% Parking Fund 520 4,457,200 2,133,220 47.9% 4,599,265 897,731 200,920 23.9% County Parking Lots Fund 521 1,382,200 496,033 35.9% 1,072,259 78,322 24,591 9.6% State Pier & Parking Lot Fund 522 858,500 429,192 50.0% 2,780,336 173,217 2,161,289 84.0% Insurance Reserve Fund 601 8,857,380 3,918,348 44.2% 8,775,042 4,860,781 181,607 57.5% Information Technology Fund 605 4,404,750 1,835,320 41.7% 5,153,771 1,811,549 577,953 46.4% Fleet Management Fund 610 3,204,433 1,275,340 39.8% 5,214,296 1,802,105 1,530,466 63.9% Building Maintenance & Operation Fund 615 2,560,994 933,003 36.4% 2,844,074 956,902 260,453 42.8% Underground Assessment Fund 2018 Refunding 710 714,150 17,336 2.4% 706,475 661,814 - 93.7% Underground Assessment Fund 19-12 & 19-14 711 606,106 15,674 2.6% 605,807 492,358 - 81.3% Underground Assessment Fund 19-4 712 337,613 6,268 1.9% 337,363 271,974 - 80.6% City Pension Fund 801 264,480 559 0.2% 196,680 80,635 - 41.0% Pension Stabilization Fund 804 50,000 18,552 37.1% - - - - $180,826,298 $52,769,941 29.2% $214,241,313 $61,171,994 $18,906,711 28.6% Year-to-Date
As of November 30, 2023
Fiscal Year 2023-2024 Statement of Revenues & Expenditures City of Manhattan Beach
Current Year Activity
% of Year
41.7%
Fund Original Budget Adjusted Year-to-Date Unrealized % No. Budget Adjustments Budget Actuals Amount Realized
General Fund 100 $93,300,981 $180,653 $93,481,634 $25,825,682 67,655,952 27.6% Street Lighting & Landscaping Fund 201 390,597 - 390,597 3,066 387,531 0.8% Gas Tax Fund 205 1,946,355 36,000 1,982,355 857,454 1,124,901 43.3% Asset Forfeiture Fund 210 41,800 - 41,800 22,153 19,647 53.0% Police Safety Grants Fund 211 164,000 - 164,000 164,789 (789) 100.5% Prop A Fund 230 1,036,405 366,958 1,403,363 442,957 960,405 31.6% Prop C Fund 231 839,596 - 839,596 640,063 199,533 76.2% AB 2766 Fund 232 47,500 - 47,500 12,132 35,368 25.5% Measure R Fund 233 2,482,521 - 2,482,521 802,807 1,679,714 32.3% Measure M Fund 234 3,999,190 - 3,999,190 531,693 3,467,497 13.3% Measure W Fund 240 25,530,264 - 25,530,264 116,156 25,414,108 0.5% Capital Improvements Fund 401 2,072,438 199,955 2,272,393 1,132,896 1,139,497 49.9% Bond Construction Fund 402 - - - 246,186 (246,186) 100.0% Underground Assessment District Construction 403 - - - 135,001 (135,001) 100.0% Water Fund 501 16,201,728 - 16,201,728 8,164,085 8,037,643 50.4% Stormwater Fund 502 393,051 - 393,051 147,262 245,789 37.5% Wastewater Fund 503 3,898,500 - 3,898,500 2,446,715 1,451,785 62.8% Parking Fund 520 4,457,200 - 4,457,200 2,133,220 2,323,980 47.9% County Parking Lots Fund 521 1,382,200 - 1,382,200 496,033 886,167 35.9% State Pier & Parking Lot Fund 522 858,500 - 858,500 429,192 429,308 50.0% Insurance Reserve Fund 601 8,857,380 - 8,857,380 3,918,348 4,939,032 44.2% Information Technology Fund 605 4,404,750 - 4,404,750 1,835,320 2,569,430 41.7% Fleet Management Fund 610 3,204,433 - 3,204,433 1,275,340 1,929,093 39.8% Building Maintenance & Operation Fund 615 2,560,994 - 2,560,994 933,003 1,627,991 36.4% Underground Assessment Fund 2018 Refunding 710 714,150 - 714,150 17,336 696,814 2.4% Underground Assessment Fund 19-12 & 19-14 711 606,106 - 606,106 15,674 590,432 2.6% Underground Assessment Fund 19-4 712 337,613 - 337,613 6,268 331,345 1.9% City Pension Fund 801 264,480 - 264,480 559 263,921 0.2% Pension Stabilization Fund 804 50,000 - 50,000 18,552 31,448 37.1% $180,042,732 $783,566 $180,826,298 $52,769,941 $128,056,357 29.2% City of Manhattan Beach
Fiscal Year 2023-2024 Citywide Revenues
As of November 30, 2023
Current Year Activity
% of Year
41.7%
Fund Original Budget Adjusted Available %
No. Budget Adjustments* Budget Actuals Encumbrances Budget Utilized General Fund 100 $92,825,964 $2,103,876 $94,929,840 $33,745,619 $2,931,867 $58,252,353 38.6% Street Lighting & Landscaping Fund 201 695,449 57,803 753,252 245,962 10,745 496,545 34.1% Gas Tax Fund 205 2,555,138 1,906,162 4,461,300 491,147 1,530,189 2,439,964 45.3% Asset Forfeiture Fund 210 90,500 - 90,500 19,888 - 70,612 22.0% Police Safety Grants Fund 211 239,000 30,421 269,421 39,554 - 229,867 14.7% Prop A Fund 230 763,401 407,731 1,171,132 282,282 407,731 481,119 58.9% Prop C Fund 231 810,138 2,827,328 3,637,466 2,458,328 400,582 778,556 78.6% AB 2766 Fund 232 275,673 - 275,673 280 - 275,393 0.1% Measure R Fund 233 1,060,138 496,778 1,556,916 90,388 558,885 907,643 41.7% Measure M Fund 234 3,940,138 1,940,625 5,880,763 1,709,444 360,712 3,810,607 35.2% Measure W Fund 240 26,348,763 590,049 26,938,812 99,503 568,719 26,270,590 2.5% Capital Improvements Fund 401 7,896,641 3,233,472 11,130,113 1,215,462 2,364,190 7,550,462 32.2% Bond Construction Fund 402 - 1,899,593 1,899,593 1,246,467 628,619 24,507 98.7% Underground Assessment District Construction 403 360,000 8,389 368,389 13,556 8,389 346,444 6.0% Water Fund 501 17,232,256 3,687,505 20,919,761 6,113,099 2,831,366 11,975,296 42.8% Stormwater Fund 502 3,083,612 261,173 3,344,785 361,655 116,519 2,866,610 14.3% Wastewater Fund 503 3,755,752 572,476 4,328,228 951,971 1,250,917 2,125,340 50.9% Parking Fund 520 4,143,929 455,336 4,599,265 897,731 200,920 3,500,614 23.9% County Parking Lots Fund 521 1,016,620 55,639 1,072,259 78,322 24,591 969,346 9.6% State Pier & Parking Lot Fund 522 622,046 2,158,290 2,780,336 173,217 2,161,289 445,830 84.0% Insurance Reserve Fund 601 8,737,009 38,033 8,775,042 4,860,781 181,607 3,732,654 57.5% Information Technology Fund 605 4,516,563 637,208 5,153,771 1,811,549 577,953 2,764,269 46.4% Fleet Management Fund 610 3,281,804 1,932,492 5,214,296 1,802,105 1,530,466 1,881,725 63.9% Building Maintenance & Operation Fund 615 2,530,593 313,481 2,844,074 956,902 260,453 1,626,719 42.8% Underground Assessment Fund 2018 Refunding 710 706,475 - 706,475 661,814 - 44,661 93.7% Underground Assessment Fund 19-12 & 19-14 711 605,807 - 605,807 492,358 - 113,449 81.3% Underground Assessment Fund 19-4 712 337,363 - 337,363 271,974 - 65,389 80.6% City Pension Fund 801 196,680 - 196,680 80,635 - 116,045 41.0% Pension Stabilization Fund 804 - - - - - - - $188,627,452 $25,613,861 $214,241,313 $61,171,994 $18,906,711 $134,162,608 37.4% *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 November 30, 2023
Current Year Activity
$3 $4 $5 $6 $7
Percent of Year
41.7%
Fund
Major Revenue Accounts No. 2019 2020 2021 2022 2023 2024 Adj Budget Realized Property Taxes 100 $1,180,089 $1,293,478 $1,369,646 $1,295,740 $1,345,173 $1,494,231 $38,049,313 3.9% Sales & Use Tax 100 3,801,368 4,041,448 3,294,389 4,311,560 4,838,676 5,010,572 9,260,000 54.1% Franchise Tax (a) 100 326,909 316,483 299,254 289,135 283,263 258,073 1,135,000 22.7% Hotel Tax 100 1,906,547 2,192,832 915,719 2,109,006 3,088,026 3,829,394 4,025,000 95.1% Business License Tax 100 377,112 436,630 691,497 989,699 565,640 745,212 3,600,000 20.7% Real Estate Transfer Tax 100 415,056 466,293 339,188 663,510 246,602 227,840 810,000 28.1% Building Permits 100 722,003 702,786 621,607 639,924 758,045 1,106,454 1,532,712 72.2% Parking Citations 100 934,035 863,258 701,140 891,113 925,786 564,051 1,875,000 30.1% Interest Earnings 100 440,580 555,322 470,235 315,894 372,467 871,071 637,522 136.6% Marriott Hotel Rent 100 806,420 987,326 443,005 636,865 1,010,839 1,099,914 1,350,000 81.5% Building Plan Check Fees 100 827,131 732,195 840,706 781,471 685,864 790,687 1,755,000 45.1% Total Major Revenue Accounts $11,737,250 $12,588,051 $9,986,387 $12,923,917 $14,120,379 $15,997,499 $64,029,547 25.0% Over/(Under) Prior Year 850,802 (2,601,664) 2,937,530 1,196,462 1,877,120 Percent Change From Prior Year 7.2% (20.7%) 29.4% 9.3% 13.3% Other Revenues 8,229,100 6,627,225 5,840,017 6,299,404 8,339,682 $9,828,183 29,452,087 33.4% Total General Fund Revenues $19,966,350 $19,215,276 $15,826,404 $19,223,320 $22,460,061 $25,825,682 $93,481,634 27.6%
(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
November 30, 2023
$0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 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
November 30, 2023
Fiscal Year 2023-24
Fiscal Year 2022-23
General Fund Major Revenue Sources
$3 $4 $5 $6 $7
Percent of Year
41.7%
#DIV/0!
-
City of Manhattan Beach
Fiscal Year-To-Date General Fund Trends
Through November Year-Over-Year
$0
$1,500,000
$3,000,000
$4,500,000
$6,000,000
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
$1,000,000
$2,000,000
$3,000,000
$4,000,000
2019 2020 2021 2022 2023 2024
Hotel Tax
$0
$300,000
$600,000
$900,000
$1,200,000
2019 2020 2021 2022 2023 2024
Business License Tax
$0
$200,000
$400,000
$600,000
$800,000
2019 2020 2021 2022 2023 2024
Real Estate Transfer Tax
$0
$300,000
$600,000
$900,000
$1,200,000
2019 2020 2021 2022 2023 2024
Building Permits
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
2019 2020 2021 2022 2023 2024
Parking Citations
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
2019 2020 2021 2022 2023 2024
Interest Earnings
$0
$300,000
$600,000
$900,000
$1,200,000
2019 2020 2021 2022 2023 2024
Marriott Hotel Rent
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
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. 23,043 100-21706 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. 1,753,935 100-21410 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. 8,793 100-21407 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.
46,484
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.
32,743
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.). 538,985 100-21608 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.
72,413
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. 19,699
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.
97,096
100-21311 Time Warner PEG Deposit 1997 Public, Education, and Governmental Access. MBtv (city government cablecast and webcast) capital expenditures, repairs and upgrades.
$ 536,133
100-21312 Verizon PEG Deposit 2007 Public, Education, and Governmental Access. MBtv (city government cablecast and webcast) capital expenditures, repairs and upgrades.
334,298
Total $ 3,820,455
Information Technology
Balance Sheet Accounts
As of November 30, 2023
Parks & Recreation
Police
Fire
Community Development