City of Manhattan Beach
Finance Department
Month End Report
February 2024
Fiscal Year 2023-2024
% of Year
66.7%
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 $2,993,397 $201,238 $2,097,191 60.4% Finance 12 4,072,716 64,446 4,137,162 2,825,626 100,080 1,211,455 70.7% Human Resources 13 1,698,442 38,087 1,736,529 1,056,298 37,018 643,213 63.0% Parks and Recreation 14 11,616,474 146,816 11,763,290 7,634,756 550,439 3,578,095 69.6% Police 15 35,878,624 241,519 36,120,143 23,215,326 286,408 12,618,409 65.1% Fire 16 16,595,215 3,805 16,599,020 11,789,434 41,807 4,767,779 71.3% Community Development 17 7,851,987 510,287 8,362,274 4,835,228 419,139 3,107,907 62.8% Public Works 18 10,340,170 812,929 11,153,099 6,822,084 1,040,318 3,290,697 70.5% Information Technology 19 - - - - - - - $92,825,964 $2,337,378 $95,163,342 $61,172,149 $2,676,448 $31,314,745 67.1% 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 February 29, 2024
Current Year Activity
% of Year
66.7%
Adjusted Adjusted
Fund Budget YTD % Budget %
No. Revenues Revenues Realized Expenditures Expenditures Encumbrances Utilized General Fund 100 $93,872,189 $59,887,599 63.8% $95,163,342 $61,172,149 $2,676,448 67.1% Street Lighting & Landscaping Fund 201 390,597 229,860 58.8% 789,754 407,961 8,812 52.8% Gas Tax Fund 205 2,183,709 1,359,069 62.2% 5,148,191 707,372 1,282,516 38.7% Asset Forfeiture Fund 210 41,800 26,712 63.9% 90,500 32,770 - 36.2% Police Safety Grants Fund 211 164,000 216,955 132.3% 269,421 47,154 49,763 36.0% Prop A Fund 230 1,403,363 688,448 49.1% 1,171,132 472,266 407,731 75.1% Prop C Fund 231 8,440,284 893,303 10.6% 9,740,379 2,579,962 360,228 30.2% AB 2766 Fund 232 47,500 36,685 77.2% 275,673 448 - 0.2% Measure R Fund 233 2,931,378 969,447 33.1% 2,285,589 156,093 431,128 25.7% Measure M Fund 234 14,876,098 719,211 4.8% 16,244,452 1,836,058 232,277 12.7% Measure W Fund 240 28,133,779 539,902 1.9% 28,383,201 278,474 415,838 2.4% Capital Improvements Fund 401 3,367,638 1,841,757 54.7% 17,500,983 2,726,773 2,096,833 27.6% Bond Construction Fund 402 - 252,281 n/a 1,906,754 1,856,631 26,808 98.8% Underground Assessment District Construction 403 - 151,450 n/a 368,389 713,650 8,388 196.0% Water Fund 501 16,201,728 11,819,553 73.0% 23,590,717 9,478,218 3,081,156 53.2% Stormwater Fund 502 393,051 369,094 93.9% 6,401,432 692,578 121,908 12.7% Wastewater Fund 503 3,898,500 3,438,010 88.2% 16,463,861 1,921,841 1,270,014 19.4% Parking Fund 520 4,457,200 2,985,887 67.0% 5,047,662 1,938,229 181,926 42.0% County Parking Lots Fund 521 1,382,200 670,143 48.5% 1,072,259 182,436 - 17.0% State Pier & Parking Lot Fund 522 858,500 626,478 73.0% 2,841,775 343,845 2,108,339 86.3% Insurance Reserve Fund 601 8,857,380 6,000,528 67.7% 8,756,373 6,332,165 67,948 73.1% Information Technology Fund 605 4,404,750 2,936,512 66.7% 5,153,771 2,729,175 559,705 63.8% Fleet Management Fund 610 3,204,433 1,873,111 58.5% 5,214,296 2,157,578 1,534,202 70.8% Building Maintenance & Operation Fund 615 2,560,994 1,595,073 62.3% 2,822,510 1,649,039 207,547 65.8% Underground Assessment Fund 2018 Refunding 710 714,150 375,302 52.6% 706,475 674,454 - 95.5% Underground Assessment Fund 19-12 & 19-14 711 606,106 361,593 59.7% 605,807 586,117 - 96.7% Underground Assessment Fund 19-4 712 337,613 201,550 59.7% 337,363 319,375 - 94.7% City Pension Fund 801 264,480 34,239 12.9% 196,680 135,002 - 68.6% Pension Stabilization Fund 804 50,000 161,351 322.7% - - - - $204,043,420 $101,261,101 49.6% $258,548,741 $102,127,813 $17,129,512 39.5% Year-to-Date
As of February 29, 2024
Fiscal Year 2023-2024 Statement of Revenues & Expenditures City of Manhattan Beach
Current Year Activity
% of Year
66.7%
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 $59,887,599 33,984,590 63.8% Street Lighting & Landscaping Fund 201 390,597 - 390,597 229,860 160,737 58.8% Gas Tax Fund 205 1,946,355 237,354 2,183,709 1,359,069 824,641 62.2% Asset Forfeiture Fund 210 41,800 - 41,800 26,712 15,088 63.9% Police Safety Grants Fund 211 164,000 - 164,000 216,955 (52,955) 132.3% Prop A Fund 230 1,036,405 366,958 1,403,363 688,448 714,915 49.1% Prop C Fund 231 839,596 7,600,688 8,440,284 893,303 7,546,980 10.6% AB 2766 Fund 232 47,500 - 47,500 36,685 10,815 77.2% Measure R Fund 233 2,482,521 448,857 2,931,378 969,447 1,961,931 33.1% Measure M Fund 234 3,999,190 10,876,908 14,876,098 719,211 14,156,887 4.8% Measure W Fund 240 25,530,264 2,603,515 28,133,779 539,902 27,593,877 1.9% Capital Improvements Fund 401 2,072,438 1,295,200 3,367,638 1,841,757 1,525,881 54.7% Bond Construction Fund 402 - - - 252,281 (252,281) 100.0% Underground Assessment District Construction 403 - - - 151,450 (151,450) 100.0% Water Fund 501 16,201,728 - 16,201,728 11,819,553 4,382,175 73.0% Stormwater Fund 502 393,051 - 393,051 369,094 23,957 93.9% Wastewater Fund 503 3,898,500 - 3,898,500 3,438,010 460,490 88.2% Parking Fund 520 4,457,200 - 4,457,200 2,985,887 1,471,313 67.0% County Parking Lots Fund 521 1,382,200 - 1,382,200 670,143 712,057 48.5% State Pier & Parking Lot Fund 522 858,500 - 858,500 626,478 232,022 73.0% Insurance Reserve Fund 601 8,857,380 - 8,857,380 6,000,528 2,856,852 67.7% Information Technology Fund 605 4,404,750 - 4,404,750 2,936,512 1,468,238 66.7% Fleet Management Fund 610 3,204,433 - 3,204,433 1,873,111 1,331,322 58.5% Building Maintenance & Operation Fund 615 2,560,994 - 2,560,994 1,595,073 965,921 62.3% Underground Assessment Fund 2018 Refunding 710 714,150 - 714,150 375,302 338,849 52.6% Underground Assessment Fund 19-12 & 19-14 711 606,106 - 606,106 361,593 244,513 59.7% Underground Assessment Fund 19-4 712 337,613 - 337,613 201,550 136,063 59.7% City Pension Fund 801 264,480 - 264,480 34,239 230,241 12.9% Pension Stabilization Fund 804 50,000 - 50,000 161,351 (111,351) 322.7% $180,042,732 $24,000,688 $204,043,420 $101,261,101 $102,782,319 49.6% City of Manhattan Beach
Fiscal Year 2023-2024 Citywide Revenues
As of February 29, 2024
Current Year Activity
% of Year
66.7%
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 $61,172,149 $2,676,448 $31,314,745 67.1% Street Lighting & Landscaping Fund 201 695,449 94,305 789,754 407,961 8,812 372,981 52.8% Gas Tax Fund 205 2,555,138 2,593,053 5,148,191 707,372 1,282,516 3,158,303 38.7% Asset Forfeiture Fund 210 90,500 - 90,500 32,770 - 57,730 36.2% Police Safety Grants Fund 211 239,000 30,421 269,421 47,154 49,763 172,504 36.0% Prop A Fund 230 763,401 407,731 1,171,132 472,266 407,731 291,135 75.1% Prop C Fund 231 810,138 8,930,241 9,740,379 2,579,962 360,228 6,800,190 30.2% AB 2766 Fund 232 275,673 - 275,673 448 - 275,225 0.2% Measure R Fund 233 1,060,138 1,225,451 2,285,589 156,093 431,128 1,698,368 25.7% Measure M Fund 234 3,940,138 12,304,314 16,244,452 1,836,058 232,277 14,176,118 12.7% Measure W Fund 240 26,348,763 2,034,438 28,383,201 278,474 415,838 27,688,889 2.4% Capital Improvements Fund 401 7,896,641 9,604,342 17,500,983 2,726,773 2,096,833 12,677,378 27.6% Bond Construction Fund 402 - 1,906,754 1,906,754 1,856,631 26,808 23,315 98.8% Underground Assessment District Construction 403 360,000 8,389 368,389 713,650 8,388 (353,649) 196.0% Water Fund 501 17,232,256 6,358,461 23,590,717 9,478,218 3,081,156 11,031,344 53.2% Stormwater Fund 502 3,083,612 3,317,820 6,401,432 692,578 121,908 5,586,946 12.7% Wastewater Fund 503 3,755,752 12,708,109 16,463,861 1,921,841 1,270,014 13,272,006 19.4% Parking Fund 520 4,143,929 903,733 5,047,662 1,938,229 181,926 2,927,508 42.0% County Parking Lots Fund 521 1,016,620 55,639 1,072,259 182,436 - 889,823 17.0% State Pier & Parking Lot Fund 522 622,046 2,219,729 2,841,775 343,845 2,108,339 389,591 86.3% Insurance Reserve Fund 601 8,737,009 19,364 8,756,373 6,332,165 67,948 2,356,260 73.1% Information Technology Fund 605 4,516,563 637,208 5,153,771 2,729,175 559,705 1,864,891 63.8% Fleet Management Fund 610 3,281,804 1,932,492 5,214,296 2,157,578 1,534,202 1,522,516 70.8% Building Maintenance & Operation Fund 615 2,530,593 291,917 2,822,510 1,649,039 207,547 965,923 65.8% Underground Assessment Fund 2018 Refunding 710 706,475 - 706,475 674,454 - 32,021 95.5% Underground Assessment Fund 19-12 & 19-14 711 605,807 - 605,807 586,117 - 19,691 96.7% Underground Assessment Fund 19-4 712 337,363 - 337,363 319,375 - 17,988 94.7% City Pension Fund 801 196,680 - 196,680 135,002 - 61,678 68.6% Pension Stabilization Fund 804 - - - - - - - $188,627,452 $69,921,289 $258,548,741 $102,127,813 $17,129,512 $139,291,416 39.5% *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 February 29, 2024
Current Year Activity
$3 $4 $5 $6 $7
Percent of Year
66.7%
Fund
Major Revenue Accounts No. 2019 2020 2021 2022 2023 2024 Adj Budget Realized Property Taxes 100 $17,862,419 $18,980,112 $20,095,655 $21,132,174 $22,819,581 $23,792,958 $38,049,313 62.5% Sales & Use Tax 100 6,371,198 6,725,100 5,350,001 7,159,474 7,656,325 7,768,432 9,260,000 83.9% Franchise Tax (a) 100 492,778 472,597 479,817 430,780 424,723 377,098 1,135,000 33.2% Hotel Tax 100 2,844,326 3,184,602 1,291,829 3,302,243 4,311,791 5,716,143 4,025,000 142.0% Business License Tax 100 813,319 881,444 895,000 1,328,614 1,229,978 1,632,307 3,600,000 45.3% Real Estate Transfer Tax 100 557,800 640,128 619,418 874,561 387,668 388,213 810,000 47.9% Building Permits 100 1,272,246 1,251,351 937,823 1,209,604 1,082,844 1,434,609 1,532,712 93.6% Parking Citations 100 1,333,786 1,199,203 1,028,983 1,334,320 1,482,419 940,791 1,875,000 50.2% Interest Earnings 100 659,787 696,734 588,488 397,953 533,504 1,095,387 637,522 171.8% Marriott Hotel Rent 100 1,248,396 1,442,610 601,995 1,008,501 1,500,654 1,562,404 1,350,000 115.7% Building Plan Check Fees 100 1,281,637 1,255,936 1,354,230 1,461,677 1,180,559 1,134,650 1,755,000 64.7% Total Major Revenue Accounts $34,737,692 $36,729,815 $33,243,239 $39,639,900 $42,610,047 $45,842,992 $64,029,547 71.6% Over/(Under) Prior Year 1,992,124 (3,486,577) 6,396,662 2,970,147 3,232,945 Percent Change From Prior Year 5.7% (9.5%) 19.2% 7.5% 7.6% Other Revenues 11,684,218 10,093,184 7,949,676 10,195,896 12,141,561 $14,044,606 29,842,642 47.1% Total General Fund Revenues $46,421,910 $46,822,999 $41,192,915 $49,835,797 $54,751,609 $59,887,599 $93,872,189 63.8%
(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
February 29, 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
February 29, 2024
Fiscal Year 2023-24
Fiscal Year 2022-23
General Fund Major Revenue Sources
$3 $4 $5 $6 $7
Percent of Year
66.7%
#DIV/0!
-
City of Manhattan Beach
Fiscal Year-To-Date General Fund Trends
Through February 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
$150,000
$300,000
$450,000
$600,000
2019 2020 2021 2022 2023 2024
Franchise Tax
$0
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
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
$500,000
$1,000,000
$1,500,000
$2,000,000
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
$400,000
$800,000
$1,200,000
$1,600,000
2019 2020 2021 2022 2023 2024
Building Permits
$0
$400,000
$800,000
$1,200,000
$1,600,000
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
$400,000
$800,000
$1,200,000
$1,600,000
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. 13,877 100-21706 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. 1,706,639 100-21410 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. 24,278 100-21412 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.
46,687
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.
36,116
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.). 547,607 100-21608 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.
74,117
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. 19,179
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.
121,657
100-21311 Time Warner PEG Deposit 1997 Public, Education, and Governmental Access. MBtv (city government cablecast and webcast) capital expenditures, repairs and upgrades.
$ 551,213
100-21312 Verizon PEG Deposit 2007 Public, Education, and Governmental Access. MBtv (city government cablecast and webcast) capital expenditures, repairs and upgrades.
337,937
Total $ 3,821,736
Information Technology
Balance Sheet Accounts
As of February 29, 2024
Parks & Recreation
Police
Fire
Community Development