City of Manhattan Beach
Finance Department
Month End Report
December 2023
Fiscal Year 2022-2023
% of Year
50.0%
Dept Original Budget Adjusted YTD YTD Available %
No. Budget Adjustments1 Budget Expenditures Encumbrances Budget Used Management Services 11 $4,772,336 $519,491 $5,291,827 $2,153,039 $248,212 $2,890,575 45.4% Finance 12 4,072,716 64,446 4,137,162 2,180,847 118,796 1,837,519 55.6% Human Resources 13 1,698,442 38,087 1,736,529 816,360 37,018 883,150 49.1% Parks and Recreation 14 11,616,474 116,816 11,733,290 6,092,189 776,349 4,864,751 58.5% Police 15 35,878,624 241,519 36,120,143 18,112,594 174,180 17,833,368 50.6% Fire 16 16,595,215 3,805 16,599,020 9,237,964 39,505 7,321,550 55.9% Community Development 17 7,851,987 510,287 8,362,274 3,677,598 494,621 4,190,055 49.9% Public Works 18 10,340,170 812,929 11,153,099 5,219,498 1,000,973 4,932,628 55.8% Information Technology 19 - - - - - - -
$92,825,964 $2,307,378 $95,133,342 $47,490,090 $2,889,655 $44,753,598 53.0% 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 December 31, 2023
Current Year Activity
% of Year
50.0%
Adjusted Adjusted
Fund Budget YTD % Budget %
No. Revenues Revenues Realized Expenditures Expenditures Encumbrances Utilized General Fund 100 $93,857,189 $43,139,070 46.0% $95,133,342 $47,490,090 $2,889,655 53.0% Street Lighting & Landscaping Fund 201 390,597 150,692 38.6% 789,754 288,721 9,053 37.7% Gas Tax Fund 205 2,183,709 1,016,419 46.5% 5,148,191 672,961 1,295,030 38.2% Asset Forfeiture Fund 210 41,800 25,987 62.2% 90,500 23,124 - 25.6% Police Safety Grants Fund 211 164,000 196,989 120.1% 269,421 39,554 - 14.7% Prop A Fund 230 1,403,363 523,177 37.3% 1,171,132 372,471 407,731 66.6% Prop C Fund 231 8,440,284 741,407 8.8% 9,740,379 2,494,994 365,986 29.4% AB 2766 Fund 232 47,500 24,925 52.5% 275,673 336 - 0.1% Measure R Fund 233 2,931,378 902,728 30.8% 2,285,589 95,652 557,385 28.6% Measure M Fund 234 14,876,098 609,830 4.1% 16,244,452 1,763,749 315,896 12.8% Measure W Fund 240 28,133,779 120,305 0.4% 28,383,201 190,050 482,562 2.4% Capital Improvements Fund 401 3,367,638 1,369,233 40.7% 17,500,983 2,313,814 2,470,043 27.3% Bond Construction Fund 402 - 248,719 n/a 1,906,754 1,728,109 154,782 98.7% Underground Assessment District Construction 403 - 140,395 n/a 368,389 19,792 8,388 7.6% Water Fund 501 16,201,728 9,196,965 56.8% 23,658,162 7,396,978 3,227,774 44.9% Stormwater Fund 502 393,051 291,829 74.2% 6,401,432 443,812 115,640 8.7% Wastewater Fund 503 3,898,500 2,752,530 70.6% 16,463,861 1,411,816 1,226,450 16.0% Parking Fund 520 4,457,200 2,251,480 50.5% 5,047,662 1,704,942 133,306 36.4% County Parking Lots Fund 521 1,382,200 556,139 40.2% 1,072,259 128,520 - 12.0% State Pier & Parking Lot Fund 522 858,500 505,154 58.8% 2,841,775 262,982 2,110,641 83.5% Insurance Reserve Fund 601 8,857,380 4,606,485 52.0% 8,756,373 5,415,436 134,616 63.4% Information Technology Fund 605 4,404,750 2,202,384 50.0% 5,153,771 2,142,120 621,787 53.6% Fleet Management Fund 610 3,204,433 1,465,860 45.7% 5,214,296 1,889,708 1,556,888 66.1% Building Maintenance & Operation Fund 615 2,560,994 1,176,453 45.9% 2,822,510 1,216,346 237,804 51.5% Underground Assessment Fund 2018 Refunding 710 714,150 265,344 37.2% 706,475 661,814 - 93.7% Underground Assessment Fund 19-12 & 19-14 711 606,106 258,818 42.7% 605,807 492,358 - 81.3% Underground Assessment Fund 19-4 712 337,613 139,569 41.3% 337,363 271,974 - 80.6% City Pension Fund 801 264,480 559 0.2% 196,680 103,675 - 52.7% Pension Stabilization Fund 804 50,000 138,364 276.7% - - - - $204,028,420 $75,017,808 36.8% $258,586,186 $81,035,899 $18,321,416 31.3% Year-to-Date
As of December 31, 2023
Fiscal Year 2023-2024 Statement of Revenues & Expenditures City of Manhattan Beach
Current Year Activity
% of Year
50.0%
Fund Original Budget Adjusted Year-to-Date Unrealized % No. Budget Adjustments Budget Actuals Amount Realized
General Fund 100 $93,300,981 $556,208 $93,857,189 $43,139,070 50,718,119 46.0% Street Lighting & Landscaping Fund 201 390,597 - 390,597 150,692 239,905 38.6% Gas Tax Fund 205 1,946,355 237,354 2,183,709 1,016,419 1,167,290 46.5% Asset Forfeiture Fund 210 41,800 - 41,800 25,987 15,813 62.2% Police Safety Grants Fund 211 164,000 - 164,000 196,989 (32,989) 120.1% Prop A Fund 230 1,036,405 366,958 1,403,363 523,177 880,186 37.3% Prop C Fund 231 839,596 7,600,688 8,440,284 741,407 7,698,877 8.8% AB 2766 Fund 232 47,500 - 47,500 24,925 22,575 52.5%
Measure R Fund 233 2,482,521 448,857 2,931,378 902,728 2,028,650 30.8% Measure M Fund 234 3,999,190 10,876,908 14,876,098 609,830 14,266,268 4.1% Measure W Fund 240 25,530,264 2,603,515 28,133,779 120,305 28,013,474 0.4% Capital Improvements Fund 401 2,072,438 1,295,200 3,367,638 1,369,233 1,998,405 40.7% Bond Construction Fund 402 - - - 248,719 (248,719) 100.0% Underground Assessment District Construction 403 - - - 140,395 (140,395) 100.0% Water Fund 501 16,201,728 - 16,201,728 9,196,965 7,004,763 56.8% Stormwater Fund 502 393,051 - 393,051 291,829 101,222 74.2% Wastewater Fund 503 3,898,500 - 3,898,500 2,752,530 1,145,970 70.6% Parking Fund 520 4,457,200 - 4,457,200 2,251,480 2,205,720 50.5% County Parking Lots Fund 521 1,382,200 - 1,382,200 556,139 826,061 40.2% State Pier & Parking Lot Fund 522 858,500 - 858,500 505,154 353,347 58.8% Insurance Reserve Fund 601 8,857,380 - 8,857,380 4,606,485 4,250,895 52.0% Information Technology Fund 605 4,404,750 - 4,404,750 2,202,384 2,202,366 50.0% Fleet Management Fund 610 3,204,433 - 3,204,433 1,465,860 1,738,573 45.7% Building Maintenance & Operation Fund 615 2,560,994 - 2,560,994 1,176,453 1,384,541 45.9% Underground Assessment Fund 2018 Refunding 710 714,150 - 714,150 265,344 448,806 37.2% Underground Assessment Fund 19-12 & 19-14 711 606,106 - 606,106 258,818 347,288 42.7% Underground Assessment Fund 19-4 712 337,613 - 337,613 139,569 198,044 41.3% City Pension Fund 801 264,480 - 264,480 559 263,921 0.2% Pension Stabilization Fund 804 50,000 - 50,000 138,364 (88,364) 276.7% $180,042,732 $23,985,688 $204,028,420 $75,017,808 $129,010,612 36.8% City of Manhattan Beach
Fiscal Year 2023-2024 Citywide Revenues
As of December 31, 2023
Current Year Activity
% of Year
50.0%
Fund Original Budget Adjusted Available %
No. Budget Adjustments* Budget Actuals Encumbrances Budget Utilized General Fund 100 $92,825,964 $2,307,378 $95,133,342 $47,490,090 $2,889,655 $44,753,598 53.0% Street Lighting & Landscaping Fund 201 695,449 94,305 789,754 288,721 9,053 491,980 37.7% Gas Tax Fund 205 2,555,138 2,593,053 5,148,191 672,961 1,295,030 3,180,200 38.2% Asset Forfeiture Fund 210 90,500 - 90,500 23,124 - 67,376 25.6% 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 1,171,132 372,471 407,731 390,930 66.6% Prop C Fund 231 810,138 8,930,241 9,740,379 2,494,994 365,986 6,879,399 29.4% AB 2766 Fund 232 275,673 - 275,673 336 - 275,337 0.1%
Measure R Fund 233 1,060,138 1,225,451 2,285,589 95,652 557,385 1,632,551 28.6% Measure M Fund 234 3,940,138 12,304,314 16,244,452 1,763,749 315,896 14,164,807 12.8% Measure W Fund 240 26,348,763 2,034,438 28,383,201 190,050 482,562 27,710,588 2.4% Capital Improvements Fund 401 7,896,641 9,604,342 17,500,983 2,313,814 2,470,043 12,717,126 27.3% Bond Construction Fund 402 - 1,906,754 1,906,754 1,728,109 154,782 23,863 98.7% Underground Assessment District Construction 403 360,000 8,389 368,389 19,792 8,388 340,210 7.6% Water Fund 501 17,232,256 6,425,906 23,658,162 7,396,978 3,227,774 13,033,411 44.9% Stormwater Fund 502 3,083,612 3,317,820 6,401,432 443,812 115,640 5,841,980 8.7% Wastewater Fund 503 3,755,752 12,708,109 16,463,861 1,411,816 1,226,450 13,825,595 16.0% Parking Fund 520 4,143,929 903,733 5,047,662 1,704,942 133,306 3,209,414 36.4% County Parking Lots Fund 521 1,016,620 55,639 1,072,259 128,520 - 943,739 12.0% State Pier & Parking Lot Fund 522 622,046 2,219,729 2,841,775 262,982 2,110,641 468,152 83.5% Insurance Reserve Fund 601 8,737,009 19,364 8,756,373 5,415,436 134,616 3,206,321 63.4% Information Technology Fund 605 4,516,563 637,208 5,153,771 2,142,120 621,787 2,389,864 53.6% Fleet Management Fund 610 3,281,804 1,932,492 5,214,296 1,889,708 1,556,888 1,767,699 66.1% Building Maintenance & Operation Fund 615 2,530,593 291,917 2,822,510 1,216,346 237,804 1,368,360 51.5% 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 - 196,680 103,675 - 93,005 52.7% Pension Stabilization Fund 804 - - - - - - -
$188,627,452 $69,958,734 $258,586,186 $81,035,899 $18,321,416 $159,228,871 38.4% *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 December 31, 2023
Current Year Activity
$3 $4 $5 $6 $7
Percent of Year
50.0%
Fund
Major Revenue Accounts No. 2019 2020 2021 2022 2023 2024 Adj Budget Realized Property Taxes 100 $11,313,358 $12,078,002 $12,953,416 $13,464,650 $14,462,440 $15,215,077 $38,049,313 40.0% Sales & Use Tax 100 4,549,087 4,757,818 3,294,389 5,014,311 5,743,065 5,857,302 9,260,000 63.3% Franchise Tax (a) 100 326,909 316,483 299,254 289,135 283,263 258,073 1,135,000 22.7% Hotel Tax 100 2,226,721 2,533,906 1,073,791 2,535,995 3,599,900 4,459,963 4,025,000 110.8% Business License Tax 100 413,645 456,267 764,430 1,005,392 596,476 798,277 3,600,000 22.2% Real Estate Transfer Tax 100 456,342 466,293 436,693 767,356 301,369 301,434 810,000 37.2% Building Permits 100 993,537 914,454 716,503 794,962 874,424 1,189,887 1,532,712 77.6% Parking Citations 100 1,071,314 946,899 855,908 1,046,820 1,129,931 684,797 1,875,000 36.5% Interest Earnings 100 418,994 524,634 533,614 316,614 312,179 818,683 637,522 128.4% Marriott Hotel Rent 100 839,753 1,020,659 535,328 670,198 1,044,172 1,133,247 1,350,000 83.9% Building Plan Check Fees 100 989,532 1,068,218 1,004,689 1,083,939 881,853 931,824 1,755,000 53.1% Total Major Revenue Accounts $23,599,191 $25,083,634 $22,468,016 $26,989,373 $29,229,072 $31,648,563 $64,029,547 49.4% Over/(Under) Prior Year 1,484,444 (2,615,618) 4,521,357 2,239,699 2,419,491 Percent Change From Prior Year 6.3% (10.4%) 20.1% 8.3% 8.3% Other Revenues 9,401,855 7,997,537 6,445,622 7,630,352 10,037,912 $11,490,507 29,827,642 38.5% Total General Fund Revenues $33,001,045 $33,081,172 $28,913,638 $34,619,725 $39,266,984 $43,139,070 $93,857,189 46.0% (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
December 31, 2023
$0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 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
December 31, 2023
Fiscal Year 2023-24
Fiscal Year 2022-23
General Fund Major Revenue Sources
$3 $4 $5 $6 $7
Percent of Year
50.0%
#DIV/0!
-
City of Manhattan Beach
Fiscal Year-To-Date General Fund Trends
Through December 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
$5,000,000
$10,000,000
$15,000,000
$20,000,000
2019 2020 2021 2022 2023 2024
Property Taxes
$0
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
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
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
2019 2020 2021 2022 2023 2024
Building Permits
$0
$300,000
$600,000
$900,000
$1,200,000
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
$300,000
$600,000
$900,000
$1,200,000
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. 17,295 100-21706 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. 1,757,542 100-21410 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.
34,055
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.). 540,904 100-21608 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.
72,861
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. 18,796
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.
103,386
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 $ 3,827,380
Information Technology
Balance Sheet Accounts
As of December 31, 2023
Parks & Recreation
Police
Fire
Community Development