City of Manhattan Beach
Finance Department
Month End Report
March 2024
Fiscal Year 2023-2024
% of Year
75.0%
Dept Original Budget Adjusted YTD YTD Available %
No. Budget Adjustments1 Budget Expenditures Encumbrances Budget Used Management Services 11 $4,772,336 $507,209 $5,279,545 $3,231,868 $201,238 $1,846,438 65.0% Finance 12 4,072,716 69,277 4,141,993 3,132,072 95,917 914,004 77.9% Human Resources 13 1,698,442 38,087 1,736,529 1,147,542 37,018 551,969 68.2% Parks and Recreation 14 11,616,474 146,816 11,763,290 8,428,652 545,278 2,789,360 76.3% Police 15 35,878,624 241,519 36,120,143 25,772,776 260,960 10,086,406 72.1% Fire 16 16,595,215 90,109 16,685,324 12,975,164 41,807 3,668,353 78.0% Community Development 17 7,851,987 510,287 8,362,274 5,368,585 409,598 2,584,091 69.1% Public Works 18 10,340,170 993,760 11,333,930 7,653,241 997,120 2,683,569 76.3% Information Technology 19 - - - - - - - $92,825,964 $2,597,062 $95,423,026 $67,709,901 $2,588,936 $25,124,189 73.7% 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 March 31, 2024
Current Year Activity
% of Year
75.0%
Adjusted Adjusted
Fund Budget YTD % Budget %
No. Revenues Revenues Realized Expenditures Expenditures Encumbrances Utilized General Fund 100 $93,975,914 $64,968,767 69.1% $95,423,026 $67,709,901 $2,588,936 73.7% Street Lighting & Landscaping Fund 201 390,597 229,860 58.8% 789,754 434,728 8,812 56.2% Gas Tax Fund 205 2,183,709 1,513,140 69.3% 5,148,191 804,777 1,210,710 39.1% Asset Forfeiture Fund 210 41,800 29,347 70.2% 90,500 35,469 - 39.2% Police Safety Grants Fund 211 164,000 218,300 133.1% 269,421 96,574 30,255 47.1% Prop A Fund 230 1,403,363 691,202 49.3% 1,171,132 524,140 407,731 79.6% Prop C Fund 231 8,440,284 1,214,323 14.4% 9,740,379 2,580,470 360,228 30.2% AB 2766 Fund 232 47,500 37,357 78.6% 275,673 504 - 0.2% Measure R Fund 233 3,031,055 1,029,042 33.9% 2,838,160 167,137 1,254,942 50.1% Measure M Fund 234 14,876,098 782,532 5.3% 16,221,254 1,850,772 724,595 15.9% Measure W Fund 240 28,133,779 544,902 1.9% 28,383,201 311,228 397,772 2.5% Capital Improvements Fund 401 3,367,638 1,989,180 59.1% 17,500,983 3,375,158 2,073,332 31.1% Bond Construction Fund 402 - 253,927 n/a 1,906,754 1,856,631 26,808 98.8% Underground Assessment District Construction 403 - 156,058 n/a 368,389 715,251 8,388 196.4% Water Fund 501 16,201,728 13,206,189 81.5% 23,540,767 10,411,327 5,338,010 66.9% Stormwater Fund 502 393,051 375,694 95.6% 6,401,432 784,269 270,658 16.5% Wastewater Fund 503 3,898,500 3,800,111 97.5% 16,463,861 2,180,999 1,332,764 21.3% Parking Fund 520 4,457,200 3,350,493 75.2% 5,047,662 2,074,232 215,300 45.4% County Parking Lots Fund 521 1,382,200 741,426 53.6% 1,072,259 192,281 - 17.9% State Pier & Parking Lot Fund 522 858,500 702,980 81.9% 2,841,775 577,135 1,907,466 87.4% Insurance Reserve Fund 601 8,857,380 6,698,870 75.6% 8,756,373 6,759,208 67,948 78.0% Information Technology Fund 605 4,404,750 3,303,576 75.0% 5,153,771 2,919,117 512,747 66.6% Fleet Management Fund 610 3,204,433 2,166,871 67.6% 5,213,008 2,291,601 1,580,845 74.3% Building Maintenance & Operation Fund 615 2,560,994 1,779,859 69.5% 2,825,198 1,818,457 251,272 73.3% Underground Assessment Fund 2018 Refunding 710 714,150 377,334 52.8% 706,475 674,454 - 95.5% Underground Assessment Fund 19-12 & 19-14 711 606,106 363,304 59.9% 605,807 586,117 - 96.7% Underground Assessment Fund 19-4 712 337,613 202,439 60.0% 337,363 319,375 - 94.7% City Pension Fund 801 264,480 34,239 12.9% 196,680 150,149 - 76.3% Pension Stabilization Fund 804 50,000 220,022 440.0% - - - - $204,246,822 $110,981,346 54.3% $259,289,249 $112,201,461 $20,569,517 43.3% Year-to-Date
As of March 31, 2024
Fiscal Year 2023-2024 Statement of Revenues & Expenditures City of Manhattan Beach
Current Year Activity
% of Year
75.0%
Fund Original Budget Adjusted Year-to-Date Unrealized % No. Budget Adjustments Budget Actuals Amount Realized
General Fund 100 $93,300,981 $674,933 $93,975,914 $64,968,767 29,007,146 69.1% 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 1,513,140 670,569 69.3% Asset Forfeiture Fund 210 41,800 - 41,800 29,347 12,453 70.2% Police Safety Grants Fund 211 164,000 - 164,000 218,300 (54,300) 133.1% Prop A Fund 230 1,036,405 366,958 1,403,363 691,202 712,161 49.3% Prop C Fund 231 839,596 7,600,688 8,440,284 1,214,323 7,225,960 14.4% AB 2766 Fund 232 47,500 - 47,500 37,357 10,143 78.6% Measure R Fund 233 2,482,521 548,534 3,031,055 1,029,042 2,002,013 33.9% Measure M Fund 234 3,999,190 10,876,908 14,876,098 782,532 14,093,566 5.3% Measure W Fund 240 25,530,264 2,603,515 28,133,779 544,902 27,588,877 1.9% Capital Improvements Fund 401 2,072,438 1,295,200 3,367,638 1,989,180 1,378,458 59.1% Bond Construction Fund 402 - - - 253,927 (253,927) 100.0% Underground Assessment District Construction 403 - - - 156,058 (156,058) 100.0% Water Fund 501 16,201,728 - 16,201,728 13,206,189 2,995,539 81.5% Stormwater Fund 502 393,051 - 393,051 375,694 17,357 95.6% Wastewater Fund 503 3,898,500 - 3,898,500 3,800,111 98,389 97.5% Parking Fund 520 4,457,200 - 4,457,200 3,350,493 1,106,707 75.2% County Parking Lots Fund 521 1,382,200 - 1,382,200 741,426 640,774 53.6% State Pier & Parking Lot Fund 522 858,500 - 858,500 702,980 155,520 81.9% Insurance Reserve Fund 601 8,857,380 - 8,857,380 6,698,870 2,158,510 75.6% Information Technology Fund 605 4,404,750 - 4,404,750 3,303,576 1,101,174 75.0% Fleet Management Fund 610 3,204,433 - 3,204,433 2,166,871 1,037,562 67.6% Building Maintenance & Operation Fund 615 2,560,994 - 2,560,994 1,779,859 781,135 69.5% Underground Assessment Fund 2018 Refunding 710 714,150 - 714,150 377,334 336,816 52.8% Underground Assessment Fund 19-12 & 19-14 711 606,106 - 606,106 363,304 242,802 59.9% Underground Assessment Fund 19-4 712 337,613 - 337,613 202,439 135,174 60.0% City Pension Fund 801 264,480 - 264,480 34,239 230,241 12.9% Pension Stabilization Fund 804 50,000 - 50,000 220,022 (170,022) 440.0% $180,042,732 $24,204,090 $204,246,822 $110,981,346 $93,265,476 54.3% City of Manhattan Beach
Fiscal Year 2023-2024 Citywide Revenues
As of March 31, 2024
Current Year Activity
% of Year
75.0%
Fund Original Budget Adjusted Available %
No. Budget Adjustments* Budget Actuals Encumbrances Budget Utilized General Fund 100 $92,825,964 $2,597,062 $95,423,026 $67,709,901 $2,588,936 $25,124,189 73.7% Street Lighting & Landscaping Fund 201 695,449 94,305 789,754 434,728 8,812 346,214 56.2% Gas Tax Fund 205 2,555,138 2,593,053 5,148,191 804,777 1,210,710 3,132,704 39.1% Asset Forfeiture Fund 210 90,500 - 90,500 35,469 - 55,031 39.2% Police Safety Grants Fund 211 239,000 30,421 269,421 96,574 30,255 142,592 47.1% Prop A Fund 230 763,401 407,731 1,171,132 524,140 407,731 239,261 79.6% Prop C Fund 231 810,138 8,930,241 9,740,379 2,580,470 360,228 6,799,681 30.2% AB 2766 Fund 232 275,673 - 275,673 504 - 275,169 0.2% Measure R Fund 233 1,060,138 1,778,022 2,838,160 167,137 1,254,942 1,416,082 50.1% Measure M Fund 234 3,940,138 12,281,116 16,221,254 1,850,772 724,595 13,645,887 15.9% Measure W Fund 240 26,348,763 2,034,438 28,383,201 311,228 397,772 27,674,202 2.5% Capital Improvements Fund 401 7,896,641 9,604,342 17,500,983 3,375,158 2,073,332 12,052,493 31.1% 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 8,389 368,389 715,251 8,388 (355,250) 196.4% Water Fund 501 17,232,256 6,308,511 23,540,767 10,411,327 5,338,010 7,791,431 66.9% Stormwater Fund 502 3,083,612 3,317,820 6,401,432 784,269 270,658 5,346,505 16.5% Wastewater Fund 503 3,755,752 12,708,109 16,463,861 2,180,999 1,332,764 12,950,098 21.3% Parking Fund 520 4,143,929 903,733 5,047,662 2,074,232 215,300 2,758,131 45.4% County Parking Lots Fund 521 1,016,620 55,639 1,072,259 192,281 - 879,978 17.9% State Pier & Parking Lot Fund 522 622,046 2,219,729 2,841,775 577,135 1,907,466 357,173 87.4% Insurance Reserve Fund 601 8,737,009 19,364 8,756,373 6,759,208 67,948 1,929,217 78.0% Information Technology Fund 605 4,516,563 637,208 5,153,771 2,919,117 512,747 1,721,908 66.6% Fleet Management Fund 610 3,281,804 1,931,204 5,213,008 2,291,601 1,580,845 1,340,562 74.3% Building Maintenance & Operation Fund 615 2,530,593 294,605 2,825,198 1,818,457 251,272 755,468 73.3% 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 - 196,680 150,149 - 46,531 76.3% Pension Stabilization Fund 804 - - - - - - - $188,627,452 $70,661,797 $259,289,249 $112,201,461 $20,569,517 $126,518,271 43.3% *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 March 31, 2024
Current Year Activity
$3 $4 $5 $6 $7
Percent of Year
75.0%
Fund
Major Revenue Accounts No. 2019 2020 2021 2022 2023 2024 Adj Budget Realized Property Taxes 100 $17,999,960 $19,103,960 $20,261,524 $21,339,126 $23,010,718 $23,942,775 $38,049,313 62.9% Sales & Use Tax 100 7,098,843 7,320,455 5,815,740 7,767,456 8,356,391 8,599,628 9,260,000 92.9% Franchise Tax (a) 100 492,778 472,597 479,817 437,439 431,910 384,519 1,135,000 33.9% Hotel Tax 100 3,188,321 3,477,703 1,324,542 3,852,232 4,831,563 6,383,082 4,025,000 158.6% Business License Tax 100 1,721,276 1,585,560 1,885,110 2,655,398 2,248,132 2,450,138 3,600,000 68.1% Real Estate Transfer Tax 100 557,800 640,128 669,075 923,107 453,420 440,222 810,000 54.3% Building Permits 100 1,433,997 1,329,552 1,091,710 1,407,719 1,239,931 1,544,722 1,532,712 100.8% Parking Citations 100 1,449,210 1,300,562 1,014,780 1,390,771 1,716,704 1,095,848 1,875,000 58.4% Interest Earnings 100 725,986 824,764 666,215 494,478 610,855 1,227,971 637,522 192.6% Marriott Hotel Rent 100 1,281,729 1,475,943 635,328 1,041,834 1,533,988 1,595,737 1,350,000 118.2% Building Plan Check Fees 100 1,420,482 1,319,346 1,581,912 1,629,664 1,299,156 1,348,127 1,755,000 76.8% Total Major Revenue Accounts $37,370,384 $38,850,569 $35,425,753 $42,939,224 $45,732,769 $49,012,769 $64,029,547 76.5% Over/(Under) Prior Year 1,480,185 (3,424,816) 7,513,471 2,793,546 3,280,000 Percent Change From Prior Year 4.0% (8.8%) 21.2% 6.5% 7.2% Other Revenues 12,968,240 11,405,123 8,912,907 12,237,240 14,325,141 $15,955,998 29,946,367 53.3% Total General Fund Revenues $50,338,624 $50,255,692 $44,338,660 $55,176,463 $60,057,911 $64,968,767 $93,975,914 69.1%
(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
March 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
March 31, 2024
Fiscal Year 2023-24
Fiscal Year 2022-23
General Fund Major Revenue Sources
$3 $4 $5 $6 $7
Percent of Year
75.0%
#DIV/0!
-
City of Manhattan Beach
Fiscal Year-To-Date General Fund Trends
Through March Year-Over-Year
$0
$2,500,000
$5,000,000
$7,500,000
$10,000,000
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
$2,000,000
$4,000,000
$6,000,000
$8,000,000
2019 2020 2021 2022 2023 2024
Hotel Tax
$0
$700,000
$1,400,000
$2,100,000
$2,800,000
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
$500,000
$1,000,000
$1,500,000
$2,000,000
2019 2020 2021 2022 2023 2024
Parking Citations
$0
$400,000
$800,000
$1,200,000
$1,600,000
2019 2020 2021 2022 2023 2024
Interest Earnings
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
2019 2020 2021 2022 2023 2024
Marriott Hotel Rent
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
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. 13,370 100-21706 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. 1,591,639 100-21410 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.
37,682
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.). 550,183 100-21608 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.
74,623
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. 19,336
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.
130,078
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 $ 3,719,456
Information Technology
Balance Sheet Accounts
As of March 31, 2024
Parks & Recreation
Police
Fire
Community Development