City of Manhattan Beach
Finance Department
Preliminary Month End
Report June 2024
Fiscal Year 2023-2024
% of Year
100.0%
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 $4,740,144 $204,606 $334,795 93.7% Finance 12 4,072,716 69,241 4,141,957 4,275,272 98,717 (232,032) 105.6% Human Resources 13 1,698,442 38,087 1,736,529 1,722,554 37,018 (23,043) 101.3% Parks and Recreation 14 11,616,474 141,816 11,758,290 11,629,332 159,845 (30,887) 100.3% Police 15 35,878,624 241,519 36,120,143 35,295,853 178,167 646,123 98.2% Fire 16 16,595,215 89,594 16,684,809 17,378,109 - (693,300) 104.2% Community Development 17 7,851,987 558,673 8,410,660 7,443,431 211,197 756,032 91.0% Public Works 18 10,340,170 993,760 11,333,930 10,423,186 940,444 (29,700) 100.3% Information Technology 19 - - - - - - - $92,825,964 $2,639,898 $95,465,862 $92,907,882 $1,829,994 $727,986 99.2% 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 June 30, 2024
Current Year Activity
% of Year
100.0%
Adjusted Adjusted
Fund Budget YTD % Budget %
No. Revenues Revenues Realized Expenditures Expenditures Encumbrances Utilized General Fund 100 $93,975,914 $99,367,303 105.7% $95,465,862 $92,907,882 $1,829,994 99.2% Street Lighting & Landscaping Fund 201 390,597 369,790 94.7% 789,754 657,290 9,160 84.4% Gas Tax Fund 205 2,183,709 2,015,708 92.3% 4,806,229 1,202,607 606,180 37.6% Asset Forfeiture Fund 210 41,800 181,107 433.3% 90,500 54,601 - 60.3% Police Safety Grants Fund 211 164,000 222,397 135.6% 269,421 103,313 158,032 97.0% Prop A Fund 230 1,403,363 923,769 65.8% 1,171,132 704,295 407,731 95.0% Prop C Fund 231 8,440,284 1,436,936 17.0% 9,674,706 2,923,966 278,240 33.1% AB 2766 Fund 232 47,500 51,450 108.3% 275,673 2,917 - 1.1% Measure R Fund 233 3,031,055 1,438,405 47.5% 2,773,379 1,087,389 279,448 49.3% Measure M Fund 234 14,876,098 1,032,980 6.9% 16,221,254 1,868,586 720,999 16.0% Measure W Fund 240 28,133,779 560,277 2.0% 28,383,201 407,036 2,306,835 9.6% Capital Improvements Fund 401 3,367,638 2,625,804 78.0% 17,319,427 4,755,411 1,583,976 36.6% Bond Construction Fund 402 - 259,086 n/a 1,906,754 1,893,678 13,120 100.0% Underground Assessment District Construction 403 - 167,661 n/a 1,869,751 699,195 38,500 39.5% Water Fund 501 16,201,728 17,004,099 105.0% 23,534,307 15,929,200 4,111,158 85.2% Storm Drain Fund 502 393,051 562,397 143.1% 6,401,432 1,191,606 2,437,587 56.7% Sewer Fund 503 3,898,500 4,898,083 125.6% 16,463,861 3,384,774 732,897 25.0% Parking Fund 520 4,457,200 4,680,026 105.0% 5,057,662 2,793,026 409,443 63.3% County Parking Lots Fund 521 1,382,200 1,022,569 74.0% 1,072,259 279,214 67,031 32.3% State Pier & Parking Lot Fund 522 858,500 950,832 110.8% 2,841,775 1,512,851 1,113,512 92.4% Insurance Reserve Fund 601 8,857,380 9,065,265 102.3% 8,756,373 8,300,265 19,628 95.0% Information Technology Fund 605 4,404,750 4,404,768 100.0% 5,153,771 4,088,881 430,600 87.7% Fleet Management Fund 610 3,204,433 2,810,297 87.7% 5,213,008 2,860,218 1,515,384 83.9% Building Maintenance & Operation Fund 615 2,560,994 2,625,643 102.5% 2,825,198 2,698,094 289,351 105.7% Underground Assessment Fund 2018 Refunding 710 714,150 627,202 87.8% 706,475 676,204 - 95.7% Underground Assessment Fund 19-12 & 19-14 711 606,106 596,884 98.5% 605,807 586,117 - 96.7% Underground Assessment Fund 19-4 712 337,613 341,295 101.1% 337,363 321,355 - 95.3% City Pension Fund 801 264,480 34,239 12.9% 196,680 203,161 - 103.3% Section 115 Fund 804 50,000 247,802 495.6% - - - - $204,246,822 $160,524,073 78.6% $260,183,014 $154,093,129 $19,358,804 59.2% Year-to-Date
As of June 30, 2024
Fiscal Year 2023-2024 Statement of Revenues & Expenditures City of Manhattan Beach
Current Year Activity
% of Year
100.0%
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 $99,367,303 (5,391,390) 105.7% 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 2,015,708 168,002 92.3% Asset Forfeiture Fund 210 41,800 - 41,800 181,107 (139,307) 433.3% Police Safety Grants Fund 211 164,000 - 164,000 222,397 (58,397) 135.6% Prop A Fund 230 1,036,405 366,958 1,403,363 923,769 479,593 65.8% Prop C Fund 231 839,596 7,600,688 8,440,284 1,436,936 7,003,347 17.0% AB 2766 Fund 232 47,500 - 47,500 51,450 (3,950) 108.3% Measure R Fund 233 2,482,521 548,534 3,031,055 1,438,405 1,592,651 47.5% Measure M Fund 234 3,999,190 10,876,908 14,876,098 1,032,980 13,843,118 6.9% Measure W Fund 240 25,530,264 2,603,515 28,133,779 560,277 27,573,503 2.0% Capital Improvements Fund 401 2,072,438 1,295,200 3,367,638 2,625,804 741,834 78.0% Bond Construction Fund 402 - - - 259,086 (259,086) 100.0% Underground Assessment District Construction 403 - - - 167,661 (167,661) 100.0% Water Fund 501 16,201,728 - 16,201,728 17,004,099 (802,371) 105.0% Storm Drain Fund 502 393,051 - 393,051 562,397 (169,346) 143.1% Sewer Fund 503 3,898,500 - 3,898,500 4,898,083 (999,583) 125.6% Parking Fund 520 4,457,200 - 4,457,200 4,680,026 (222,826) 105.0% County Parking Lots Fund 521 1,382,200 - 1,382,200 1,022,569 359,631 74.0% State Pier & Parking Lot Fund 522 858,500 - 858,500 950,832 (92,332) 110.8% Insurance Reserve Fund 601 8,857,380 - 8,857,380 9,065,265 (207,885) 102.3% Information Technology Fund 605 4,404,750 - 4,404,750 4,404,768 (18) 100.0% Fleet Management Fund 610 3,204,433 - 3,204,433 2,810,297 394,136 87.7% Building Maintenance & Operation Fund 615 2,560,994 - 2,560,994 2,625,643 (64,649) 102.5% Underground Assessment Fund 2018 Refunding 710 714,150 - 714,150 627,202 86,948 87.8% Underground Assessment Fund 19-12 & 19-14 711 606,106 - 606,106 596,884 9,222 98.5% Underground Assessment Fund 19-4 712 337,613 - 337,613 341,295 (3,682) 101.1% City Pension Fund 801 264,480 - 264,480 34,239 230,241 12.9% Section 115 Fund 804 50,000 - 50,000 247,802 (197,802) 495.6% $180,042,732 $24,204,090 $204,246,822 $160,524,073 $43,722,749 78.6% City of Manhattan Beach
Fiscal Year 2023-2024 Citywide Revenues
As of June 30, 2024
Current Year Activity
% of Year
100.0%
Fund Original Budget Adjusted Available %
No. Budget Adjustments* Budget Actuals Encumbrances Budget Utilized General Fund 100 $92,825,964 $2,639,898 $95,465,862 $92,907,882 $1,829,994 $727,986 99.2% Street Lighting & Landscaping Fund 201 695,449 94,305 789,754 657,290 9,160 123,304 84.4% Gas Tax Fund 205 2,555,138 2,251,091 4,806,229 1,202,607 606,180 2,997,442 37.6% Asset Forfeiture Fund 210 90,500 - 90,500 54,601 - 35,899 60.3% Police Safety Grants Fund 211 239,000 30,421 269,421 103,313 158,032 8,076 97.0% Prop A Fund 230 763,401 407,731 1,171,132 704,295 407,731 59,106 95.0% Prop C Fund 231 810,138 8,864,568 9,674,706 2,923,966 278,240 6,472,500 33.1% AB 2766 Fund 232 275,673 - 275,673 2,917 - 272,756 1.1% Measure R Fund 233 1,060,138 1,713,241 2,773,379 1,087,389 279,448 1,406,542 49.3% Measure M Fund 234 3,940,138 12,281,116 16,221,254 1,868,586 720,999 13,631,669 16.0% Measure W Fund 240 26,348,763 2,034,438 28,383,201 407,036 2,306,835 25,669,330 9.6% Capital Improvements Fund 401 7,896,641 9,422,786 17,319,427 4,755,411 1,583,976 10,980,040 36.6% Bond Construction Fund 402 - 1,906,754 1,906,754 1,893,678 13,120 (44) 100.0% Underground Assessment District Construction 403 360,000 1,509,751 1,869,751 699,195 38,500 1,132,056 39.5% Water Fund 501 17,232,256 6,302,051 23,534,307 15,929,200 4,111,158 3,493,950 85.2% Storm Drain Fund 502 3,083,612 3,317,820 6,401,432 1,191,606 2,437,587 2,772,239 56.7% Sewer Fund 503 3,755,752 12,708,109 16,463,861 3,384,774 732,897 12,346,190 25.0% Parking Fund 520 4,143,929 913,733 5,057,662 2,793,026 409,443 1,855,193 63.3% County Parking Lots Fund 521 1,016,620 55,639 1,072,259 279,214 67,031 726,014 32.3% State Pier & Parking Lot Fund 522 622,046 2,219,729 2,841,775 1,512,851 1,113,512 215,412 92.4% Insurance Reserve Fund 601 8,737,009 19,364 8,756,373 8,300,265 19,628 436,480 95.0% Information Technology Fund 605 4,516,563 637,208 5,153,771 4,088,881 430,600 634,290 87.7% Fleet Management Fund 610 3,281,804 1,931,204 5,213,008 2,860,218 1,515,384 837,406 83.9% Building Maintenance & Operation Fund 615 2,530,593 294,605 2,825,198 2,698,094 289,351 (162,247) 105.7% 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 - 196,680 203,161 - (6,481) 103.3% Section 115 Fund 804 - - - - - - - $188,627,452 $71,555,562 $260,183,014 $154,093,129 $19,358,804 $86,731,080 59.2% *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 June 30, 2024
Current Year Activity
$3 $4 $5 $6 $7
Percent of Year
100.0%
Fund
Major Revenue Accounts No. 2019 2020 2021 2022 2023 2024 Adj Budget Realized Property Taxes 100 $31,448,387 $33,319,571 $36,823,265 $38,703,862 $41,049,070 $42,214,841 $42,563,634 99.2% Sales & Use Tax 100 9,212,806 8,797,241 8,038,137 10,473,355 11,176,629 11,356,627 11,050,000 102.8% Franchise Tax (a) 100 1,168,793 1,175,490 1,189,086 1,217,755 1,296,708 1,320,027 1,150,000 114.8% Hotel Tax 100 4,372,444 3,852,539 2,382,137 5,585,495 6,599,847 8,655,420 7,250,000 119.4% Business License Tax 100 4,053,020 3,643,611 3,755,555 5,175,626 4,935,627 5,422,754 4,850,000 111.8% Real Estate Transfer Tax 100 824,402 827,475 1,132,663 1,333,170 696,646 657,293 800,000 82.2% Building Permits 100 1,929,097 1,601,914 1,433,778 1,910,538 1,661,661 2,514,241 1,532,712 164.0% Parking Citations 100 1,803,259 1,538,218 1,354,932 2,316,440 2,362,935 1,538,542 2,450,000 62.8% Interest Earnings 100 842,465 928,038 454,133 559,145 1,132,781 1,377,638 925,000 148.9% Marriott Hotel Rent 100 1,760,444 1,575,943 898,530 1,346,764 1,947,300 2,128,473 2,000,000 106.4% Building Plan Check Fees 100 1,775,015 1,418,857 1,986,711 2,111,264 1,703,380 1,754,046 1,850,000 94.8% Total Major Revenue Accounts $59,190,133 $58,678,895 $59,448,928 $70,733,412 $74,562,584 $78,939,903 $76,421,346 103.3% Over/(Under) Prior Year (511,239) 770,033 11,284,484 3,829,172 4,377,319 Percent Change From Prior Year (0.9%) 1.3% 19.0% 5.4% 5.9% Other Revenues 17,240,604 13,235,436 103,641,135 19,051,896 16,607,729 $20,427,401 17,554,568 116.4% Total General Fund Revenues $76,430,737 $71,914,331 $163,090,063 $89,785,308 $91,170,313 $99,367,303 $93,975,914 105.7%
(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
June 30, 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
June 30, 2024
Fiscal Year 2023-24
Fiscal Year 2022-23
General Fund Major Revenue Sources
$3 $4 $5 $6 $7
Percent of Year
100.0%
#DIV/0!
-
#N/A
City of Manhattan Beach
Fiscal Year-To-Date General Fund Trends
Through June 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
$350,000
$700,000
$1,050,000
$1,400,000
2019 2020 2021 2022 2023 2024
Real Estate Transfer Tax
$0
$700,000
$1,400,000
$2,100,000
$2,800,000
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
$550,000
$1,100,000
$1,650,000
$2,200,000
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. - 100-21705 Pumpkin Race 2013 Sponsorship revenue/expenses for Pumpkin Race. (2,158) 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. 1,625,649 100-21410 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. 6,775 100-21407 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.
42,815
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.). 578,715 100-21608 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.
83,267
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. 20,212
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.
187,676
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 $ 3,848,844
Information Technology
Balance Sheet Accounts
As of June 30, 2024
Parks & Recreation
Police
Fire
Community Development