City of Manhattan Beach
Finance Department
Month End Report
May 2024
Fiscal Year 2023-2024
% of Year
91.7%
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 $3,996,477 $269,970 $1,013,098 80.8% Finance 12 4,072,716 69,241 4,141,957 3,870,061 117,109 154,787 96.3% Human Resources 13 1,698,442 38,087 1,736,529 1,538,859 37,018 160,651 90.7% Parks and Recreation 14 11,616,474 146,816 11,763,290 10,398,323 245,999 1,118,968 90.5% Police 15 35,878,624 241,519 36,120,143 31,918,916 146,192 4,055,035 88.8% Fire 16 16,595,215 89,594 16,684,809 15,819,503 4,336 860,970 94.8% Community Development 17 7,851,987 558,673 8,410,660 6,661,184 287,421 1,462,055 82.6% Public Works 18 10,340,170 993,760 11,333,930 9,552,936 890,385 890,609 92.1% Information Technology 19 - - - - - - - $92,825,964 $2,644,898 $95,470,862 $83,756,259 $1,998,431 $9,716,172 89.8% 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 May 31, 2024
Current Year Activity
% of Year
91.7%
Adjusted Adjusted
Fund Budget YTD % Budget %
No. Revenues Revenues Realized Expenditures Expenditures Encumbrances Utilized General Fund 100 $93,975,914 $95,331,305 101.4% $95,470,862 $83,756,259 $1,998,431 89.8% Street Lighting & Landscaping Fund 201 390,597 369,790 94.7% 789,754 572,497 7,452 73.4% Gas Tax Fund 205 2,183,709 1,833,563 84.0% 4,806,229 856,678 912,218 36.8% Asset Forfeiture Fund 210 41,800 166,864 399.2% 90,500 48,452 - 53.5% Police Safety Grants Fund 211 164,000 221,008 134.8% 269,421 101,066 30,255 48.7% Prop A Fund 230 1,403,363 919,974 65.6% 1,171,132 642,846 407,731 89.7% Prop C Fund 231 8,440,284 1,433,083 17.0% 9,734,266 2,598,383 337,800 30.2% AB 2766 Fund 232 47,500 38,786 81.7% 275,673 616 - 0.2% Measure R Fund 233 3,031,055 1,433,111 47.3% 2,773,379 661,155 702,939 49.2% Measure M Fund 234 14,876,098 974,676 6.6% 16,221,254 1,860,929 722,999 15.9% Measure W Fund 240 28,133,779 555,119 2.0% 28,383,201 393,989 2,306,835 9.5% Capital Improvements Fund 401 3,367,638 2,476,755 73.5% 17,319,427 3,845,478 1,892,709 33.1% Bond Construction Fund 402 - 257,329 n/a 1,906,754 1,864,356 16,808 98.7% Underground Assessment District Construction 403 - 163,672 n/a 1,869,751 716,555 38,500 40.4% Water Fund 501 16,201,728 15,806,517 97.6% 23,534,307 13,681,181 4,228,965 76.1% Storm Drain Fund 502 393,051 548,360 139.5% 6,401,432 982,160 1,817,509 43.7% Sewer Fund 503 3,898,500 4,521,989 116.0% 16,463,861 2,958,453 974,240 23.9% Parking Fund 520 4,457,200 4,221,254 94.7% 5,057,662 2,469,615 394,568 56.6% County Parking Lots Fund 521 1,382,200 892,933 64.6% 1,072,259 251,374 57,750 28.8% State Pier & Parking Lot Fund 522 858,500 855,980 99.7% 2,841,775 807,280 1,765,095 90.5% Insurance Reserve Fund 601 8,857,380 8,377,462 94.6% 8,756,373 7,783,466 20,783 89.1% Information Technology Fund 605 4,404,750 4,037,704 91.7% 5,153,771 3,563,407 584,990 80.5% Fleet Management Fund 610 3,204,433 2,621,533 81.8% 5,213,008 2,736,697 1,475,792 80.8% Building Maintenance & Operation Fund 615 2,560,994 2,285,120 89.2% 2,825,198 2,324,572 243,167 90.9% Underground Assessment Fund 2018 Refunding 710 714,150 625,061 87.5% 706,475 676,204 - 95.7% Underground Assessment Fund 19-12 & 19-14 711 606,106 595,189 98.2% 605,807 586,117 - 96.7% Underground Assessment Fund 19-4 712 337,613 340,409 100.8% 337,363 321,355 - 95.3% City Pension Fund 801 264,480 34,239 12.9% 196,680 188,015 - 95.6% Section 115 Fund 804 50,000 207,593 415.2% - - - - $204,246,822 $152,146,379 74.5% $260,247,574 $137,249,154 $20,937,535 52.7% Year-to-Date
As of May 31, 2024
Fiscal Year 2023-2024 Statement of Revenues & Expenditures City of Manhattan Beach
Current Year Activity
% of Year
91.7%
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 $95,331,305 (1,355,391) 101.4% Street Lighting & Landscaping Fund 201 390,597 - 390,597 369,790 20,807 94.7% Gas Tax Fund 205 1,946,355 237,354 2,183,709 1,833,563 350,146 84.0% Asset Forfeiture Fund 210 41,800 - 41,800 166,864 (125,064) 399.2% Police Safety Grants Fund 211 164,000 - 164,000 221,008 (57,008) 134.8% Prop A Fund 230 1,036,405 366,958 1,403,363 919,974 483,389 65.6% Prop C Fund 231 839,596 7,600,688 8,440,284 1,433,083 7,007,201 17.0% AB 2766 Fund 232 47,500 - 47,500 38,786 8,714 81.7% Measure R Fund 233 2,482,521 548,534 3,031,055 1,433,111 1,597,945 47.3% Measure M Fund 234 3,999,190 10,876,908 14,876,098 974,676 13,901,421 6.6% Measure W Fund 240 25,530,264 2,603,515 28,133,779 555,119 27,578,660 2.0% Capital Improvements Fund 401 2,072,438 1,295,200 3,367,638 2,476,755 890,883 73.5% Bond Construction Fund 402 - - - 257,329 (257,329) 100.0% Underground Assessment District Construction 403 - - - 163,672 (163,672) 100.0% Water Fund 501 16,201,728 - 16,201,728 15,806,517 395,211 97.6% Storm Drain Fund 502 393,051 - 393,051 548,360 (155,309) 139.5% Sewer Fund 503 3,898,500 - 3,898,500 4,521,989 (623,489) 116.0% Parking Fund 520 4,457,200 - 4,457,200 4,221,254 235,946 94.7% County Parking Lots Fund 521 1,382,200 - 1,382,200 892,933 489,267 64.6% State Pier & Parking Lot Fund 522 858,500 - 858,500 855,980 2,520 99.7% Insurance Reserve Fund 601 8,857,380 - 8,857,380 8,377,462 479,918 94.6% Information Technology Fund 605 4,404,750 - 4,404,750 4,037,704 367,046 91.7% Fleet Management Fund 610 3,204,433 - 3,204,433 2,621,533 582,900 81.8% Building Maintenance & Operation Fund 615 2,560,994 - 2,560,994 2,285,120 275,874 89.2% Underground Assessment Fund 2018 Refunding 710 714,150 - 714,150 625,061 89,089 87.5% Underground Assessment Fund 19-12 & 19-14 711 606,106 - 606,106 595,189 10,917 98.2% Underground Assessment Fund 19-4 712 337,613 - 337,613 340,409 (2,796) 100.8% City Pension Fund 801 264,480 - 264,480 34,239 230,241 12.9% Section 115 Fund 804 50,000 - 50,000 207,593 (157,593) 415.2% $180,042,732 $24,204,090 $204,246,822 $152,146,379 $52,100,444 74.5% City of Manhattan Beach
Fiscal Year 2023-2024 Citywide Revenues
As of May 31, 2024
Current Year Activity
% of Year
91.7%
Fund Original Budget Adjusted Available %
No. Budget Adjustments* Budget Actuals Encumbrances Budget Utilized General Fund 100 $92,825,964 $2,644,898 $95,470,862 $83,756,259 $1,998,431 $9,716,172 89.8% Street Lighting & Landscaping Fund 201 695,449 94,305 789,754 572,497 7,452 209,805 73.4% Gas Tax Fund 205 2,555,138 2,251,091 4,806,229 856,678 912,218 3,037,333 36.8% Asset Forfeiture Fund 210 90,500 - 90,500 48,452 - 42,048 53.5% Police Safety Grants Fund 211 239,000 30,421 269,421 101,066 30,255 138,099 48.7% Prop A Fund 230 763,401 407,731 1,171,132 642,846 407,731 120,555 89.7% Prop C Fund 231 810,138 8,924,128 9,734,266 2,598,383 337,800 6,798,083 30.2% AB 2766 Fund 232 275,673 - 275,673 616 - 275,057 0.2% Measure R Fund 233 1,060,138 1,713,241 2,773,379 661,155 702,939 1,409,285 49.2% Measure M Fund 234 3,940,138 12,281,116 16,221,254 1,860,929 722,999 13,637,326 15.9% Measure W Fund 240 26,348,763 2,034,438 28,383,201 393,989 2,306,835 25,682,377 9.5% Capital Improvements Fund 401 7,896,641 9,422,786 17,319,427 3,845,478 1,892,709 11,581,241 33.1% Bond Construction Fund 402 - 1,906,754 1,906,754 1,864,356 16,808 25,590 98.7% Underground Assessment District Construction 403 360,000 1,509,751 1,869,751 716,555 38,500 1,114,696 40.4% Water Fund 501 17,232,256 6,302,051 23,534,307 13,681,181 4,228,965 5,624,162 76.1% Storm Drain Fund 502 3,083,612 3,317,820 6,401,432 982,160 1,817,509 3,601,763 43.7% Sewer Fund 503 3,755,752 12,708,109 16,463,861 2,958,453 974,240 12,531,168 23.9% Parking Fund 520 4,143,929 913,733 5,057,662 2,469,615 394,568 2,193,479 56.6% County Parking Lots Fund 521 1,016,620 55,639 1,072,259 251,374 57,750 763,135 28.8% State Pier & Parking Lot Fund 522 622,046 2,219,729 2,841,775 807,280 1,765,095 269,399 90.5% Insurance Reserve Fund 601 8,737,009 19,364 8,756,373 7,783,466 20,783 952,124 89.1% Information Technology Fund 605 4,516,563 637,208 5,153,771 3,563,407 584,990 1,005,374 80.5% Fleet Management Fund 610 3,281,804 1,931,204 5,213,008 2,736,697 1,475,792 1,000,519 80.8% Building Maintenance & Operation Fund 615 2,530,593 294,605 2,825,198 2,324,572 243,167 257,459 90.9% 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 - 337,363 321,355 - 16,008 95.3% City Pension Fund 801 196,680 - 196,680 188,015 - 8,665 95.6% Section 115 Fund 804 - - - - - - - $188,627,452 $71,620,122 $260,247,574 $137,249,154 $20,937,535 $102,060,885 52.7% *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 May 31, 2024
Current Year Activity
$3 $4 $5 $6 $7
Percent of Year
91.7%
Fund
Major Revenue Accounts No. 2019 2020 2021 2022 2023 2024 Adj Budget Realized Property Taxes 100 $31,356,382 $31,983,209 $35,875,913 $36,789,619 $39,786,639 $42,170,413 $38,049,313 110.8% Sales & Use Tax 100 8,493,809 8,243,266 7,210,806 9,457,392 10,134,998 10,557,372 9,260,000 114.0% Franchise Tax (a) 100 1,168,793 1,175,490 1,115,583 1,221,477 1,308,725 1,320,027 1,135,000 116.3% Hotel Tax 100 3,993,943 3,765,739 1,845,902 4,893,669 5,918,550 7,883,956 4,025,000 195.9% Business License Tax 100 3,984,673 3,212,405 2,887,121 4,899,419 4,816,325 5,278,328 3,600,000 146.6% Real Estate Transfer Tax 100 751,942 797,147 957,017 1,066,884 495,552 578,633 810,000 71.4% Building Permits 100 1,783,264 1,521,018 1,354,991 1,756,905 1,510,193 2,166,334 1,532,712 141.3% Parking Citations 100 1,799,840 1,585,726 1,291,462 1,900,581 2,053,557 1,434,356 1,875,000 76.5% Interest Earnings 100 847,165 1,017,036 759,123 522,368 817,502 1,463,726 637,522 229.6% Marriott Hotel Rent 100 1,727,111 1,542,610 701,995 1,476,632 1,913,967 2,095,139 1,350,000 155.2% Building Plan Check Fees 100 1,644,583 1,362,522 1,818,641 1,897,275 1,529,224 1,620,170 1,755,000 92.3% Total Major Revenue Accounts $57,551,506 $56,206,167 $55,818,553 $65,882,222 $70,285,231 $76,568,455 $64,029,547 119.6% Over/(Under) Prior Year (1,345,338) (387,615) 10,063,669 4,403,009 6,283,224 Percent Change From Prior Year (2.3%) (0.7%) 18.0% 6.7% 8.9% Other Revenues 16,012,706 12,853,284 97,010,019 14,760,752 17,687,083 $18,762,850 29,946,367 62.7% Total General Fund Revenues $73,564,212 $69,059,452 $152,828,571 $80,642,974 $87,972,315 $95,331,305 $93,975,914 101.4%
(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
May 31, 2024
$0 $9,000,000 $18,000,000 $27,000,000 $36,000,000 $45,000,000 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
May 31, 2024
Fiscal Year 2023-24
Fiscal Year 2022-23
General Fund Major Revenue Sources
$3 $4 $5 $6 $7
Percent of Year
91.7%
#DIV/0!
-
#N/A
City of Manhattan Beach
Fiscal Year-To-Date General Fund Trends
Through May Year-Over-Year
$0
$3,000,000
$6,000,000
$9,000,000
$12,000,000
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
$45,000,000
2019 2020 2021 2022 2023 2024
Property Taxes
$0
$2,250,000
$4,500,000
$6,750,000
$9,000,000
2019 2020 2021 2022 2023 2024
Hotel Tax
$0
$1,500,000
$3,000,000
$4,500,000
$6,000,000
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
$600,000
$1,200,000
$1,800,000
$2,400,000
2019 2020 2021 2022 2023 2024
Building Permits
$0
$600,000
$1,200,000
$1,800,000
$2,400,000
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
$600,000
$1,200,000
$1,800,000
$2,400,000
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. 3,724 100-21706 Recreation Sponsorships 2017 Sponsorship revenue/expenses for other programs. 24,750 802-21708 Public Arts Fund 2003 Funded through a portion of development fees. Used to fund Public Art. 1,630,605 100-21410 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. 7,778 100-21407 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.
46,812
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.
41,214
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.). 568,660 100-21608 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.
79,371
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. 20,001
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.
167,495
100-21311 Time Warner PEG Deposit 1997 Public, Education, and Governmental Access. MBtv (city government cablecast and webcast) capital expenditures, repairs and upgrades.
$ 566,168
100-21312 Verizon PEG Deposit 2007 Public, Education, and Governmental Access. MBtv (city government cablecast and webcast) capital expenditures, repairs and upgrades.
341,357
Total $ 3,831,300
Information Technology
Balance Sheet Accounts
As of May 31, 2024
Parks & Recreation
Police
Fire
Community Development