City of Manhattan Beach
Finance Department
Month End Report
April 2024
Fiscal Year 2023-2024
% of Year
83.3%
Dept Original Budget Adjusted YTD YTD Available %
No. Budget Adjustments1 Budget ExpendituresEncumbrances Budget Used Management Services 11 $4,772,336 $507,209 $5,279,545 $3,604,144 $279,070 $1,396,330 73.6% Finance 12 4,072,716 69,277 4,141,993 3,434,811 92,506 614,677 85.2% Human Resources 13 1,698,442 38,087 1,736,529 1,374,908 37,018 324,602 81.3% Parks and Recreation 14 11,616,474 146,816 11,763,290 9,380,143 321,123 2,062,024 82.5% Police 15 35,878,624 241,519 36,120,143 28,441,880 145,760 7,532,502 79.1% Fire 16 16,595,215 90,109 16,685,324 14,205,664 8,751 2,470,908 85.2% Community Development 17 7,851,987 602,014 8,454,001 6,006,424 307,728 2,139,849 74.7% Public Works 18 10,340,170 993,760 11,333,930 8,371,256 1,018,368 1,944,306 82.8% Information Technology 19 - - - - - - - $92,825,964 $2,688,789 $95,514,753 $74,819,231 $2,210,325 $18,485,198 80.6% ¹Budget Adjustments include City Council-approved adjustments during the current year and encumbrances carried forward from the prior year.
City of Manhattan Beach
Fiscal Year 2023-2024 General Fund Expenditures by Department As of April 30, 2024
Current Year Activity
% of Year
83.3%
Adjusted Adjusted
Fund Budget YTD % Budget %
No. Revenues Revenues Realized Expenditures Expenditures Encumbrances Utilized General Fund 100 $93,975,914 $81,718,374 87.0% $95,514,753 $74,819,231 $2,210,325 80.6% Street Lighting & Landscaping Fund 201 390,597 320,931 82.2% 789,754 495,308 8,812 63.8% Gas Tax Fund 205 2,183,709 1,669,199 76.4% 4,921,856 837,865 1,030,259 38.0% Asset Forfeiture Fund 210 41,800 29,712 71.1% 90,500 40,847 - 45.1% Police Safety Grants Fund 211 164,000 219,642 133.9% 269,421 98,820 30,255 47.9% Prop A Fund 230 1,403,363 842,633 60.0% 1,171,132 575,022 407,731 83.9% Prop C Fund 231 8,440,284 1,340,807 15.9% 9,734,266 2,581,705 354,115 30.2% AB 2766 Fund 232 47,500 38,057 80.1% 275,673 560 - 0.2% Measure R Fund 233 3,031,055 1,336,570 44.1% 2,773,379 626,817 730,625 48.9% Measure M Fund 234 14,876,098 850,218 5.7% 16,221,254 1,859,184 722,999 15.9% Measure W Fund 240 28,133,779 549,964 2.0% 28,383,201 376,035 348,925 2.6% Capital Improvements Fund 401 3,367,638 2,326,540 69.1% 17,442,336 3,713,746 2,119,506 33.4% Bond Construction Fund 402 - 255,598 n/a 1,906,754 1,864,356 19,287 98.8% Underground Assessment District Construction 403 - 159,788 n/a 368,389 715,963 8,388 196.6% Water Fund 501 16,201,728 14,139,706 87.3% 23,540,767 12,560,953 4,277,936 71.5% Storm Drain Fund 502 393,051 499,641 127.1% 6,401,432 914,579 227,919 17.8% Sewer Fund 503 3,898,500 4,092,877 105.0% 16,463,861 2,700,393 1,000,080 22.5% Parking Fund 520 4,457,200 3,781,551 84.8% 5,057,662 2,279,255 213,905 49.3% County Parking Lots Fund 521 1,382,200 814,220 58.9% 1,072,259 237,366 - 22.1% State Pier & Parking Lot Fund 522 858,500 779,312 90.8% 2,841,775 649,178 1,858,381 88.2% Insurance Reserve Fund 601 8,857,380 7,686,669 86.8% 8,756,373 7,202,670 20,948 82.5% Information Technology Fund 605 4,404,750 3,670,640 83.3% 5,153,771 3,118,432 604,097 72.2% Fleet Management Fund 610 3,204,433 2,387,114 74.5% 5,213,008 2,496,285 1,596,411 78.5% Building Maintenance & Operation Fund 615 2,560,994 2,016,649 78.7% 2,825,198 2,054,375 248,265 81.5% Underground Assessment Fund 2018 Refunding 710 714,150 553,281 77.5% 706,475 676,204 - 95.7% Underground Assessment Fund 19-12 & 19-14 711 606,106 537,582 88.7% 605,807 586,117 - 96.7% Underground Assessment Fund 19-4 712 337,613 300,645 89.1% 337,363 319,375 - 94.7% City Pension Fund 801 264,480 34,239 12.9% 196,680 165,295 - 84.0% Section 115 Fund 804 50,000 121,221 242.4% - - - - $204,246,822 $133,073,380 65.2% $259,035,099 $124,565,936 $18,039,168 48.1% Year-to-Date
As of April 30, 2024
Fiscal Year 2023-2024 Statement of Revenues & Expenditures City of Manhattan Beach
Current Year Activity
% of Year
83.3%
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 $81,718,374 12,257,540 87.0% Street Lighting & Landscaping Fund 201 390,597 - 390,597 320,931 69,666 82.2% Gas Tax Fund 205 1,946,355 237,354 2,183,709 1,669,199 514,510 76.4% Asset Forfeiture Fund 210 41,800 - 41,800 29,712 12,088 71.1% Police Safety Grants Fund 211 164,000 - 164,000 219,642 (55,642) 133.9% Prop A Fund 230 1,036,405 366,958 1,403,363 842,633 560,730 60.0% Prop C Fund 231 839,596 7,600,688 8,440,284 1,340,807 7,099,477 15.9% AB 2766 Fund 232 47,500 - 47,500 38,057 9,443 80.1% Measure R Fund 233 2,482,521 548,534 3,031,055 1,336,570 1,694,485 44.1% Measure M Fund 234 3,999,190 10,876,908 14,876,098 850,218 14,025,880 5.7% Measure W Fund 240 25,530,264 2,603,515 28,133,779 549,964 27,583,815 2.0% Capital Improvements Fund 401 2,072,438 1,295,200 3,367,638 2,326,540 1,041,098 69.1% Bond Construction Fund 402 - - - 255,598 (255,598) 100.0% Underground Assessment District Construction 403 - - - 159,788 (159,788) 100.0% Water Fund 501 16,201,728 - 16,201,728 14,139,706 2,062,022 87.3% Storm Drain Fund 502 393,051 - 393,051 499,641 (106,590) 127.1% Sewer Fund 503 3,898,500 - 3,898,500 4,092,877 (194,377) 105.0% Parking Fund 520 4,457,200 - 4,457,200 3,781,551 675,649 84.8% County Parking Lots Fund 521 1,382,200 - 1,382,200 814,220 567,980 58.9% State Pier & Parking Lot Fund 522 858,500 - 858,500 779,312 79,188 90.8% Insurance Reserve Fund 601 8,857,380 - 8,857,380 7,686,669 1,170,711 86.8% Information Technology Fund 605 4,404,750 - 4,404,750 3,670,640 734,110 83.3% Fleet Management Fund 610 3,204,433 - 3,204,433 2,387,114 817,319 74.5% Building Maintenance & Operation Fund 615 2,560,994 - 2,560,994 2,016,649 544,345 78.7% Underground Assessment Fund 2018 Refunding 710 714,150 - 714,150 553,281 160,869 77.5% Underground Assessment Fund 19-12 & 19-14 711 606,106 - 606,106 537,582 68,524 88.7% Underground Assessment Fund 19-4 712 337,613 - 337,613 300,645 36,968 89.1% City Pension Fund 801 264,480 - 264,480 34,239 230,241 12.9% Section 115 Fund 804 50,000 - 50,000 121,221 (71,221) 242.4% $180,042,732 $24,204,090 $204,246,822 $133,073,380 $71,173,442 65.2% City of Manhattan Beach
Fiscal Year 2023-2024 Citywide Revenues
As of April 30, 2024
Current Year Activity
% of Year
83.3%
Fund Original Budget Adjusted Available %
No. Budget Adjustments* Budget Actuals Encumbrances Budget Utilized General Fund 100 $92,825,964 $2,688,789 $95,514,753 $74,819,231 $2,210,325 $18,485,198 80.6% Street Lighting & Landscaping Fund 201 695,449 94,305 789,754 495,308 8,812 285,634 63.8% Gas Tax Fund 205 2,555,138 2,366,718 4,921,856 837,865 1,030,259 3,053,732 38.0% Asset Forfeiture Fund 210 90,500 - 90,500 40,847 - 49,653 45.1% Police Safety Grants Fund 211 239,000 30,421 269,421 98,820 30,255 140,345 47.9% Prop A Fund 230 763,401 407,731 1,171,132 575,022 407,731 188,379 83.9% Prop C Fund 231 810,138 8,924,128 9,734,266 2,581,705 354,115 6,798,446 30.2% AB 2766 Fund 232 275,673 - 275,673 560 - 275,113 0.2% Measure R Fund 233 1,060,138 1,713,241 2,773,379 626,817 730,625 1,415,936 48.9% Measure M Fund 234 3,940,138 12,281,116 16,221,254 1,859,184 722,999 13,639,072 15.9% Measure W Fund 240 26,348,763 2,034,438 28,383,201 376,035 348,925 27,658,241 2.6% Capital Improvements Fund 401 7,896,641 9,545,695 17,442,336 3,713,746 2,119,506 11,609,084 33.4% Bond Construction Fund 402 - 1,906,754 1,906,754 1,864,356 19,287 23,110 98.8% Underground Assessment District Construction 403 360,000 8,389 368,389 715,963 8,388 (355,962) 196.6% Water Fund 501 17,232,256 6,308,511 23,540,767 12,560,953 4,277,936 6,701,878 71.5% Storm Drain Fund 502 3,083,612 3,317,820 6,401,432 914,579 227,919 5,258,935 17.8% Sewer Fund 503 3,755,752 12,708,109 16,463,861 2,700,393 1,000,080 12,763,388 22.5% Parking Fund 520 4,143,929 913,733 5,057,662 2,279,255 213,905 2,564,503 49.3% County Parking Lots Fund 521 1,016,620 55,639 1,072,259 237,366 - 834,893 22.1% State Pier & Parking Lot Fund 522 622,046 2,219,729 2,841,775 649,178 1,858,381 334,215 88.2% Insurance Reserve Fund 601 8,737,009 19,364 8,756,373 7,202,670 20,948 1,532,755 82.5% Information Technology Fund 605 4,516,563 637,208 5,153,771 3,118,432 604,097 1,431,242 72.2% Fleet Management Fund 610 3,281,804 1,931,204 5,213,008 2,496,285 1,596,411 1,120,312 78.5% Building Maintenance & Operation Fund 615 2,530,593 294,605 2,825,198 2,054,375 248,265 522,558 81.5% Underground Assessment Fund 2018 Refunding 710 706,475 - 706,475 676,204 - 30,271 95.7% 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 - 196,680 165,295 - 31,385 84.0% Section 115 Fund 804 - - - - - - - $188,627,452 $70,407,647 $259,035,099 $124,565,936 $18,039,168 $116,429,995 48.1% *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 April 30, 2024
Current Year Activity
$3 $4 $5 $6 $7
Percent of Year
83.3%
Fund
Major Revenue Accounts No. 2019 2020 2021 2022 2023 2024 Adj Budget Realized Property Taxes 100 $25,746,991 $27,471,166 $29,619,573 $30,904,803 $32,969,326 $34,684,518 $38,049,313 91.2% Sales & Use Tax 100 7,837,528 7,830,413 6,467,650 8,347,199 9,023,876 9,398,204 9,260,000 101.5% Franchise Tax (a) 100 1,008,237 1,018,936 1,051,935 1,082,197 1,174,970 1,200,686 1,135,000 105.8% Hotel Tax 100 3,588,030 3,574,726 1,605,033 4,398,130 5,426,979 7,173,553 4,025,000 178.2% Business License Tax 100 3,535,969 2,065,381 2,307,770 4,350,917 3,918,317 3,837,721 3,600,000 106.6% Real Estate Transfer Tax 100 598,175 674,360 733,379 1,066,884 453,420 440,222 810,000 54.3% Building Permits 100 1,610,408 1,391,144 1,231,939 1,574,559 1,343,943 1,840,973 1,532,712 120.1% Parking Citations 100 1,601,018 1,489,437 1,100,187 1,679,238 1,857,915 1,273,978 1,875,000 67.9% Interest Earnings 100 862,173 1,056,505 771,459 556,518 818,975 1,426,460 637,522 223.8% Marriott Hotel Rent 100 1,315,062 1,509,276 668,661 1,075,168 1,880,634 1,629,070 1,350,000 120.7% Building Plan Check Fees 100 1,547,138 1,335,854 1,702,313 1,820,395 1,411,301 1,506,603 1,755,000 85.8% Total Major Revenue Accounts $49,250,732 $49,417,198 $47,259,899 $56,856,008 $60,279,655 $64,411,987 $64,029,547 100.6% Over/(Under) Prior Year 166,467 (2,157,299) 9,596,109 3,423,647 4,132,332 Percent Change From Prior Year 0.3% (4.4%) 20.3% 6.0% 6.9% Other Revenues 14,294,479 12,122,439 9,976,135 13,614,655 15,696,045 $17,306,387 29,946,367 57.8% Total General Fund Revenues $63,545,210 $61,539,638 $57,236,033 $70,470,663 $75,975,700 $81,718,374 $93,975,914 87.0%
(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
April 30, 2024
$0 $6,000,000 $12,000,000 $18,000,000 $24,000,000 $30,000,000 $36,000,000 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
April 30, 2024
Fiscal Year 2023-24
Fiscal Year 2022-23
General Fund Major Revenue Sources
$3 $4 $5 $6 $7
Percent of Year
83.3%
#DIV/0!
-
City of Manhattan Beach
Fiscal Year-To-Date General Fund Trends
Through April 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
$350,000
$700,000
$1,050,000
$1,400,000
2019 2020 2021 2022 2023 2024
Franchise Tax
$0
$9,000,000
$18,000,000
$27,000,000
$36,000,000
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
$1,200,000
$2,400,000
$3,600,000
$4,800,000
2019 2020 2021 2022 2023 2024
Business License Tax
$0
$300,000
$600,000
$900,000
$1,200,000
2019 2020 2021 2022 2023 2024
Real Estate Transfer Tax
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
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. 3,573 100-21706 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. 1,525,802 100-21410 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. 7,966 100-21407 Equipment Deposits 1997 Funded through donations. Used for Various Special Equipment. 24,678 100-21412 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.
46,762
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.
39,935
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.). 558,700 100-21608 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.
76,499
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. 19,877
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.
106,689
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.
148,869
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 $ 3,675,247
Information Technology
Balance Sheet Accounts
As of April 30, 2024
Parks & Recreation
Police
Fire
Community Development