City of Manhattan Beach
Finance Department
Month End Report
January 2024
Fiscal Year 2023-2024
% of Year
58.3%
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 $2,514,246 $195,243 $2,582,338 51.2% Finance 12 4,072,716 64,446 4,137,162 2,489,355 111,842 1,535,965 62.9% Human Resources 13 1,698,442 38,087 1,736,529 919,892 37,018 779,618 55.1% Parks and Recreation 14 11,616,474 146,816 11,763,290 6,903,056 551,114 4,309,120 63.4% Police 15 35,878,624 241,519 36,120,143 20,671,456 248,075 15,200,612 57.9% Fire 16 16,595,215 3,805 16,599,020 10,468,797 41,937 6,088,286 63.3% Community Development 17 7,851,987 510,287 8,362,274 4,248,238 468,347 3,645,689 56.4% Public Works 18 10,340,170 812,929 11,153,099 6,057,215 988,512 4,107,372 63.2% Information Technology 19 - - - - - - -
$92,825,964 $2,337,378 $95,163,342 $54,272,256 $2,642,087 $38,248,999 59.8% 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 January 31, 2024
Current Year Activity
% of Year
58.3%
Adjusted Adjusted
Fund Budget YTD % Budget %
No. Revenues Revenues Realized Expenditures Expenditures Encumbrances Utilized General Fund 100 $93,872,189 $53,914,435 57.4% $95,163,342 $54,272,256 $2,642,087 59.8% Street Lighting & Landscaping Fund 201 390,597 188,385 48.2% 789,754 363,091 9,492 47.2% Gas Tax Fund 205 2,183,709 1,187,078 54.4% 5,148,191 695,774 1,284,191 38.5% Asset Forfeiture Fund 210 41,800 26,349 63.0% 90,500 27,258 - 30.1% Police Safety Grants Fund 211 164,000 215,565 131.4% 269,421 44,843 - 16.6% Prop A Fund 230 1,403,363 598,600 42.7% 1,171,132 416,967 407,731 70.4% Prop C Fund 231 8,440,284 804,151 9.5% 9,740,379 2,502,642 360,228 29.4% AB 2766 Fund 232 47,500 25,547 53.8% 275,673 392 - 0.1% Measure R Fund 233 2,931,378 953,231 32.5% 2,285,589 135,120 537,468 29.4% Measure M Fund 234 14,876,098 717,230 4.8% 16,244,452 1,778,799 308,810 12.9% Measure W Fund 240 28,133,779 534,791 1.9% 28,383,201 199,073 482,562 2.4% Capital Improvements Fund 401 3,367,638 1,715,187 50.9% 17,500,983 2,640,683 2,153,719 27.4% Bond Construction Fund 402 - 250,562 n/a 1,906,754 1,821,746 61,693 98.8% Underground Assessment District Construction 403 - 145,830 n/a 368,389 20,736 8,388 7.9% Water Fund 501 16,201,728 10,841,862 66.9% 23,590,717 8,404,949 3,107,210 48.8% Stormwater Fund 502 393,051 332,399 84.6% 6,401,432 512,240 115,640 9.8% Wastewater Fund 503 3,898,500 3,141,011 80.6% 16,463,861 1,588,479 1,209,525 17.0% Parking Fund 520 4,457,200 2,657,562 59.6% 5,047,662 1,826,326 190,306 40.0% County Parking Lots Fund 521 1,382,200 617,205 44.7% 1,072,259 173,061 - 16.1% State Pier & Parking Lot Fund 522 858,500 570,241 66.4% 2,841,775 298,831 2,108,339 84.7% Insurance Reserve Fund 601 8,857,380 5,294,284 59.8% 8,756,373 5,876,541 110,786 68.4% Information Technology Fund 605 4,404,750 2,569,448 58.3% 5,153,771 2,457,706 563,045 58.6% Fleet Management Fund 610 3,204,433 1,714,532 53.5% 5,214,296 2,038,234 1,511,187 68.1% Building Maintenance & Operation Fund 615 2,560,994 1,311,774 51.2% 2,822,510 1,391,747 237,203 57.7% Underground Assessment Fund 2018 Refunding 710 714,150 329,053 46.1% 706,475 661,814 - 93.7% Underground Assessment Fund 19-12 & 19-14 711 606,106 320,967 53.0% 605,807 496,008 - 81.9% Underground Assessment Fund 19-4 712 337,613 173,595 51.4% 337,363 271,974 - 80.6% City Pension Fund 801 264,480 34,239 12.9% 196,680 118,822 - 60.4% Pension Stabilization Fund 804 50,000 135,945 271.9% - - - - $204,043,420 $91,321,056 44.8% $258,548,741 $91,036,111 $17,409,609 35.2% Year-to-Date
As of January 31, 2024
Fiscal Year 2023-2024 Statement of Revenues & Expenditures City of Manhattan Beach
Current Year Activity
% of Year
58.3%
Fund Original Budget Adjusted Year-to-Date Unrealized % No. Budget Adjustments Budget Actuals Amount Realized
General Fund 100 $93,300,981 $571,208 $93,872,189 $53,914,435 39,957,753 57.4% Street Lighting & Landscaping Fund 201 390,597 - 390,597 188,385 202,212 48.2% Gas Tax Fund 205 1,946,355 237,354 2,183,709 1,187,078 996,632 54.4% Asset Forfeiture Fund 210 41,800 - 41,800 26,349 15,451 63.0% Police Safety Grants Fund 211 164,000 - 164,000 215,565 (51,565) 131.4% Prop A Fund 230 1,036,405 366,958 1,403,363 598,600 804,763 42.7% Prop C Fund 231 839,596 7,600,688 8,440,284 804,151 7,636,133 9.5% AB 2766 Fund 232 47,500 - 47,500 25,547 21,953 53.8%
Measure R Fund 233 2,482,521 448,857 2,931,378 953,231 1,978,147 32.5% Measure M Fund 234 3,999,190 10,876,908 14,876,098 717,230 14,158,868 4.8% Measure W Fund 240 25,530,264 2,603,515 28,133,779 534,791 27,598,988 1.9% Capital Improvements Fund 401 2,072,438 1,295,200 3,367,638 1,715,187 1,652,451 50.9% Bond Construction Fund 402 - - - 250,562 (250,562) 100.0% Underground Assessment District Construction 403 - - - 145,830 (145,830) 100.0% Water Fund 501 16,201,728 - 16,201,728 10,841,862 5,359,866 66.9% Stormwater Fund 502 393,051 - 393,051 332,399 60,652 84.6% Wastewater Fund 503 3,898,500 - 3,898,500 3,141,011 757,489 80.6% Parking Fund 520 4,457,200 - 4,457,200 2,657,562 1,799,638 59.6% County Parking Lots Fund 521 1,382,200 - 1,382,200 617,205 764,995 44.7% State Pier & Parking Lot Fund 522 858,500 - 858,500 570,241 288,259 66.4% Insurance Reserve Fund 601 8,857,380 - 8,857,380 5,294,284 3,563,096 59.8% Information Technology Fund 605 4,404,750 - 4,404,750 2,569,448 1,835,302 58.3% Fleet Management Fund 610 3,204,433 - 3,204,433 1,714,532 1,489,901 53.5% Building Maintenance & Operation Fund 615 2,560,994 - 2,560,994 1,311,774 1,249,220 51.2% Underground Assessment Fund 2018 Refunding 710 714,150 - 714,150 329,053 385,097 46.1% Underground Assessment Fund 19-12 & 19-14 711 606,106 - 606,106 320,967 285,139 53.0% Underground Assessment Fund 19-4 712 337,613 - 337,613 173,595 164,018 51.4% City Pension Fund 801 264,480 - 264,480 34,239 230,241 12.9% Pension Stabilization Fund 804 50,000 - 50,000 135,945 (85,945) 271.9% $180,042,732 $24,000,688 $204,043,420 $91,321,056 $112,722,364 44.8% City of Manhattan Beach
Fiscal Year 2023-2024 Citywide Revenues
As of January 31, 2024
Current Year Activity
% of Year
58.3%
Fund Original Budget Adjusted Available %
No. Budget Adjustments* Budget Actuals Encumbrances Budget Utilized General Fund 100 $92,825,964 $2,337,378 $95,163,342 $54,272,256 $2,642,087 $38,248,999 59.8% Street Lighting & Landscaping Fund 201 695,449 94,305 789,754 363,091 9,492 417,171 47.2% Gas Tax Fund 205 2,555,138 2,593,053 5,148,191 695,774 1,284,191 3,168,226 38.5% Asset Forfeiture Fund 210 90,500 - 90,500 27,258 - 63,242 30.1% Police Safety Grants Fund 211 239,000 30,421 269,421 44,843 - 224,578 16.6% Prop A Fund 230 763,401 407,731 1,171,132 416,967 407,731 346,434 70.4% Prop C Fund 231 810,138 8,930,241 9,740,379 2,502,642 360,228 6,877,510 29.4% AB 2766 Fund 232 275,673 - 275,673 392 - 275,281 0.1%
Measure R Fund 233 1,060,138 1,225,451 2,285,589 135,120 537,468 1,613,001 29.4% Measure M Fund 234 3,940,138 12,304,314 16,244,452 1,778,799 308,810 14,156,843 12.9% Measure W Fund 240 26,348,763 2,034,438 28,383,201 199,073 482,562 27,701,566 2.4% Capital Improvements Fund 401 7,896,641 9,604,342 17,500,983 2,640,683 2,153,719 12,706,581 27.4% Bond Construction Fund 402 - 1,906,754 1,906,754 1,821,746 61,693 23,315 98.8% Underground Assessment District Construction 403 360,000 8,389 368,389 20,736 8,388 339,265 7.9% Water Fund 501 17,232,256 6,358,461 23,590,717 8,404,949 3,107,210 12,078,559 48.8% Stormwater Fund 502 3,083,612 3,317,820 6,401,432 512,240 115,640 5,773,552 9.8% Wastewater Fund 503 3,755,752 12,708,109 16,463,861 1,588,479 1,209,525 13,665,857 17.0% Parking Fund 520 4,143,929 903,733 5,047,662 1,826,326 190,306 3,031,031 40.0% County Parking Lots Fund 521 1,016,620 55,639 1,072,259 173,061 - 899,198 16.1% State Pier & Parking Lot Fund 522 622,046 2,219,729 2,841,775 298,831 2,108,339 434,605 84.7% Insurance Reserve Fund 601 8,737,009 19,364 8,756,373 5,876,541 110,786 2,769,046 68.4% Information Technology Fund 605 4,516,563 637,208 5,153,771 2,457,706 563,045 2,133,020 58.6% Fleet Management Fund 610 3,281,804 1,932,492 5,214,296 2,038,234 1,511,187 1,664,874 68.1% Building Maintenance & Operation Fund 615 2,530,593 291,917 2,822,510 1,391,747 237,203 1,193,559 57.7% 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 - 605,807 496,008 - 109,799 81.9% Underground Assessment Fund 19-4 712 337,363 - 337,363 271,974 - 65,389 80.6% City Pension Fund 801 196,680 - 196,680 118,822 - 77,858 60.4% Pension Stabilization Fund 804 - - - - - - -
$188,627,452 $69,921,289 $258,548,741 $91,036,111 $17,409,609 $150,103,020 35.2% *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 January 31, 2024
Current Year Activity
$3 $4 $5 $6 $7
Percent of Year
58.3%
Fund
Major Revenue Accounts No. 2019 2020 2021 2022 2023 2024 Adj Budget Realized Property Taxes 100 $16,372,562 $17,448,035 $12,953,416 $19,514,592 $20,922,558 $21,982,501 $38,049,313 57.8% Sales & Use Tax 100 5,395,491 5,580,287 4,783,258 5,813,585 6,429,043 6,741,650 9,260,000 72.8% Franchise Tax (a) 100 326,909 316,483 299,254 289,135 283,263 258,073 1,135,000 22.7% Hotel Tax 100 2,522,946 2,840,889 1,183,374 2,965,157 4,018,074 5,104,634 4,025,000 126.8% Business License Tax 100 451,609 490,227 817,415 1,031,426 630,814 836,637 3,600,000 23.2% Real Estate Transfer Tax 100 499,727 610,955 527,678 874,561 387,668 354,747 810,000 43.8% Building Permits 100 1,169,321 1,101,962 849,070 1,023,875 970,964 1,317,596 1,532,712 86.0% Parking Citations 100 1,193,390 1,098,921 981,665 1,172,769 1,356,247 792,622 1,875,000 42.3% Interest Earnings 100 554,469 666,997 521,227 348,423 494,330 1,039,311 637,522 163.0% Marriott Hotel Rent 100 1,215,062 1,053,992 568,661 703,531 1,077,506 1,529,070 1,350,000 113.3% Building Plan Check Fees 100 1,189,691 1,161,341 1,194,711 1,284,465 1,093,327 1,035,907 1,755,000 59.0% Total Major Revenue Accounts $30,891,178 $32,370,090 $24,679,727 $35,021,518 $37,663,794 $40,992,749 $64,029,547 64.0% Over/(Under) Prior Year 1,478,912 (7,690,363) 10,341,791 2,642,275 3,328,955 Percent Change From Prior Year 4.8% (23.8%) 41.9% 7.5% 8.8% Other Revenues 2,109,867 711,082 6,471,514 9,013,729 11,097,896 $12,921,687 29,842,642 43.3% Total General Fund Revenues $33,001,045 $33,081,172 $31,151,241 $44,035,247 $48,761,690 $53,914,435 $93,872,189 57.4% (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
January 31, 2024
$0 $4,000,000 $8,000,000 $12,000,000 $16,000,000 $20,000,000 $24,000,000 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
January 31, 2024
Fiscal Year 2023-24
Fiscal Year 2022-23
General Fund Major Revenue Sources
$3 $4 $5 $6 $7
Percent of Year
58.3%
#DIV/0!
-
City of Manhattan Beach
Fiscal Year-To-Date General Fund Trends
Through January Year-Over-Year
$0
$2,000,000
$4,000,000
$6,000,000
$8,000,000
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
$6,000,000
$12,000,000
$18,000,000
$24,000,000
2019 2020 2021 2022 2023 2024
Property Taxes
$0
$1,500,000
$3,000,000
$4,500,000
$6,000,000
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
$250,000
$500,000
$750,000
$1,000,000
2019 2020 2021 2022 2023 2024
Real Estate Transfer Tax
$0
$350,000
$700,000
$1,050,000
$1,400,000
2019 2020 2021 2022 2023 2024
Building Permits
$0
$350,000
$700,000
$1,050,000
$1,400,000
2019 2020 2021 2022 2023 2024
Parking Citations
$0
$300,000
$600,000
$900,000
$1,200,000
2019 2020 2021 2022 2023 2024
Interest Earnings
$0
$400,000
$800,000
$1,200,000
$1,600,000
2019 2020 2021 2022 2023 2024
Marriott Hotel Rent
$0
$350,000
$700,000
$1,050,000
$1,400,000
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. 14,095 100-21706 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. 1,753,987 100-21410 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. 13,585 100-21404 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.
46,595
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.
34,457
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.). 544,631 100-21608 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.
73,397
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. 18,995
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.
112,342
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 $ 3,835,555
Information Technology
Balance Sheet Accounts
As of January 31, 2024
Parks & Recreation
Police
Fire
Community Development