City of Manhattan Beach
Finance Department
Month End Report
July 2024
Fiscal Year 2023-2024
% of Year
8.3%
Dept Original Budget Adjusted YTD YTD Available %
No. Budget Adjustments1 Budget Expenditures Encumbrances Budget Used Management Services 11 $5,192,028 - $5,192,028 $254,319 $57,485 $4,880,224 6.0% Finance 12 4,333,794 - 4,333,794 389,715 106,475 3,837,604 11.4% Human Resources 13 2,032,287 - 2,032,287 204,737 - 1,827,550 10.1% Parks and Recreation 14 10,575,180 - 10,575,180 847,828 1,036,830 8,690,522 17.8% Police 15 38,223,846 - 38,223,846 2,537,434 (8,365) 35,694,777 6.6% Fire 16 17,732,501 - 17,732,501 1,306,962 26,804 16,398,735 7.5% Community Development 17 8,228,911 - 8,228,911 477,044 9,800 7,742,067 5.9% Public Works 18 12,166,344 - 12,166,344 721,155 37,260 11,407,929 6.2% Information Technology 19 - - - - - - - $98,484,891 $0 $98,484,891 $6,739,195 $1,266,289 $90,479,408 8.1% 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 2024-2025 General Fund Expenditures by Department As of July 31, 2024
Current Year Activity
% of Year
8.3%
Adjusted Adjusted
Fund Budget YTD % Budget %
No. Revenues Revenues Realized Expenditures Expenditures Encumbrances Utilized General Fund 100 $98,993,155 $5,407,655 5.5% $98,484,891 $6,739,195 $1,266,289 8.1% Street Lighting & Landscaping Fund 201 390,985 1,280 0.3% 704,331 (4,458) 7,399 0.4% Gas Tax Fund 205 1,935,943 168,579 8.7% 2,075,138 31,526 76,985 5.2% Asset Forfeiture Fund 210 41,800 6,711 16.1% 78,000 6,908 - 8.9% Police Safety Grants Fund 211 189,000 1,397 0.7% 215,000 2,246 - 1.0% Grants Fund 220 5,320,000 - 0.0% 5,320,000 - - 0.0% Prop A Fund 230 988,594 76,376 7.7% 769,417 58,525 - 7.6% Prop C Fund 231 802,856 63,827 7.9% 1,060,138 36,681 - 3.5% AB 2766 Fund 232 47,500 778 1.6% 673 56 - 8.3% Measure R Fund 233 964,892 166,122 17.2% 2,470,138 6,710 209,946 8.8% Measure M Fund 234 6,510,878 57,677 0.9% 6,218,138 10,753 24,349 0.6% Measure W Fund 240 411,500 5,175 1.3% 100,000 5,581 - 5.6% Capital Improvements Fund 401 1,714,302 585,722 34.2% 5,554,068 78,467 600,295 12.2% Bond Construction Fund 402 - 1,737 n/a - - - n/a Underground Assessment District Construction 403 - 4,053 n/a - - - n/a Water Fund 501 16,832,770 1,987,722 11.8% 19,150,131 403,017 282,220 3.6% Storm Drain Fund 502 2,227,340 11,263 0.5% 2,613,335 27,328 377,837 15.5% Sewer Fund 503 4,273,070 454,813 10.6% 8,305,857 159,477 581,640 8.9% Parking Fund 520 4,387,700 556,858 12.7% 4,290,885 237,057 67,300 7.1% County Parking Lots Fund 521 1,111,200 150,217 13.5% 890,901 8,937 - 1.0% State Pier & Parking Lot Fund 522 870,500 95,505 11.0% 935,275 31,268 115,640 15.7% Insurance Reserve Fund 601 9,223,980 718,686 7.8% 9,370,892 3,543,188 278,232 40.8% Information Technology Fund 605 4,660,060 388,338 8.3% 5,428,569 411,699 679,712 20.1% Fleet Management Fund 610 3,334,359 58,392 1.8% 4,930,447 108,459 - 2.2% Building Maintenance & Operation Fund 615 2,732,659 158,157 5.8% 2,732,659 154,647 206,070 13.2% Underground Assessment Fund 2018 Refunding 710 714,150 13,445 1.9% 716,425 - - 0.0% Underground Assessment Fund 19-12 & 19-14 711 606,106 1,645 0.3% 608,057 - - 0.0% Underground Assessment Fund 19-4 712 337,613 861 0.3% 337,793 - - 0.0% City Pension Fund 801 206,188 - 0.0% 207,666 15,052 - 7.2% Section 115 Fund 804 100,000 79,419 79.4% 1,021,059 - - 0.0% $169,929,100 $11,222,410 6.6% $184,589,883 $12,072,317 $4,773,914 6.5% Year-to-Date
As of July 31, 2024
Fiscal Year 2024-2025 Statement of Revenues & Expenditures City of Manhattan Beach
Current Year Activity
% of Year
8.3%
Fund Original Budget Adjusted Year-to-Date Unrealized % No. Budget Adjustments Budget Actuals Amount Realized
General Fund 100 $98,993,155 - $98,993,155 $5,407,655 93,585,500 5.5% Street Lighting & Landscaping Fund 201 390,985 - 390,985 1,280 389,705 0.3% Gas Tax Fund 205 1,935,943 - 1,935,943 168,579 1,767,364 8.7% Asset Forfeiture Fund 210 41,800 - 41,800 6,711 35,089 16.1% Police Safety Grants Fund 211 189,000 - 189,000 1,397 187,603 0.7% Grants Fund 220 5,320,000 - 5,320,000 - 5,320,000 0.0% Prop A Fund 230 988,594 - 988,594 76,376 912,218 7.7% Prop C Fund 231 802,856 - 802,856 63,827 739,029 7.9% AB 2766 Fund 232 47,500 - 47,500 778 46,722 1.6% Measure R Fund 233 964,892 - 964,892 166,122 798,770 17.2% Measure M Fund 234 6,510,878 - 6,510,878 57,677 6,453,201 0.9% Measure W Fund 240 411,500 - 411,500 5,175 406,325 1.3% Capital Improvements Fund 401 1,714,302 - 1,714,302 585,722 1,128,580 34.2% Bond Construction Fund 402 - - - 1,737 (1,737) 100.0% Underground Assessment District Construction 403 - - - 4,053 (4,053) 100.0% Water Fund 501 16,832,770 - 16,832,770 1,987,722 14,845,048 11.8% Storm Drain Fund 502 2,227,340 - 2,227,340 11,263 2,216,077 0.5% Sewer Fund 503 4,273,070 - 4,273,070 454,813 3,818,257 10.6% Parking Fund 520 4,387,700 - 4,387,700 556,858 3,830,842 12.7% County Parking Lots Fund 521 1,111,200 - 1,111,200 150,217 960,983 13.5% State Pier & Parking Lot Fund 522 870,500 - 870,500 95,505 774,995 11.0% Insurance Reserve Fund 601 9,223,980 - 9,223,980 718,686 8,505,294 7.8% Information Technology Fund 605 4,660,060 - 4,660,060 388,338 4,271,722 8.3% Fleet Management Fund 610 3,334,359 - 3,334,359 58,392 3,275,967 1.8% Building Maintenance & Operation Fund 615 2,732,659 - 2,732,659 158,157 2,574,502 5.8% Underground Assessment Fund 2018 Refunding 710 714,150 - 714,150 13,445 700,705 1.9% Underground Assessment Fund 19-12 & 19-14 711 606,106 - 606,106 1,645 604,461 0.3% Underground Assessment Fund 19-4 712 337,613 - 337,613 861 336,752 0.3% City Pension Fund 801 206,188 - 206,188 - 206,188 0.0% Section 115 Fund 804 100,000 - 100,000 79,419 20,581 79.4% $169,929,100 $0 $169,929,100 $11,222,410 $158,706,690 6.6% City of Manhattan Beach
Fiscal Year 2024-2025 Citywide Revenues
As of July 31, 2024
Current Year Activity
% of Year
8.3%
Fund Original Budget Adjusted Available %
No. Budget Adjustments* Budget Actuals Encumbrances Budget Utilized General Fund 100 $98,484,891 - $98,484,891 $6,739,195 $1,266,289 $90,479,408 8.1% Street Lighting & Landscaping Fund 201 704,331 - 704,331 (4,458) 7,399 701,390 0.4% Gas Tax Fund 205 2,075,138 - 2,075,138 31,526 76,985 1,966,627 5.2% Asset Forfeiture Fund 210 78,000 - 78,000 6,908 - 71,092 8.9% Police Safety Grants Fund 211 215,000 - 215,000 2,246 - 212,754 1.0% Grants Fund 220 5,320,000 - 5,320,000 - - 5,320,000 0.0% Prop A Fund 230 769,417 - 769,417 58,525 - 710,892 7.6% Prop C Fund 231 1,060,138 - 1,060,138 36,681 - 1,023,457 3.5% AB 2766 Fund 232 673 - 673 56 - 617 8.3% Measure R Fund 233 2,470,138 - 2,470,138 6,710 209,946 2,253,482 8.8% Measure M Fund 234 6,218,138 - 6,218,138 10,753 24,349 6,183,036 0.6% Measure W Fund 240 100,000 - 100,000 5,581 - 94,419 5.6% Capital Improvements Fund 401 5,554,068 - 5,554,068 78,467 600,295 4,875,306 12.2% Bond Construction Fund 402 - - - - - - 0.0% Underground Assessment District Construction 403 - - - - - - 0.0% Water Fund 501 19,150,131 - 19,150,131 403,017 282,220 18,464,894 3.6% Storm Drain Fund 502 2,613,335 - 2,613,335 27,328 377,837 2,208,171 15.5% Sewer Fund 503 8,305,857 - 8,305,857 159,477 581,640 7,564,740 8.9% Parking Fund 520 4,290,885 - 4,290,885 237,057 67,300 3,986,528 7.1% County Parking Lots Fund 521 890,901 - 890,901 8,937 - 881,964 1.0% State Pier & Parking Lot Fund 522 935,275 - 935,275 31,268 115,640 788,367 15.7% Insurance Reserve Fund 601 9,370,892 - 9,370,892 3,543,188 278,232 5,549,472 40.8% Information Technology Fund 605 5,428,569 - 5,428,569 411,699 679,712 4,337,158 20.1% Fleet Management Fund 610 4,930,447 - 4,930,447 108,459 - 4,821,988 2.2% Building Maintenance & Operation Fund 615 2,732,659 - 2,732,659 154,647 206,070 2,371,941 13.2% Underground Assessment Fund 2018 Refunding 710 716,425 - 716,425 - - 716,425 0.0% Underground Assessment Fund 19-12 & 19-14 711 608,057 - 608,057 - - 608,057 0.0% Underground Assessment Fund 19-4 712 337,793 - 337,793 - - 337,793 0.0% City Pension Fund 801 207,666 - 207,666 15,052 - 192,614 7.2% Section 115 Fund 804 1,021,059 - 1,021,059 - - 1,021,059 - $184,589,883 $0 $184,589,883 $12,072,317 $4,773,914 $167,743,651 6.5% *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 2024-2025 Citywide Expenditures
As of July 31, 2024
Current Year Activity
$3 $4 $5 $6 $7
Percent of Year
8.3%
Fund
Major Revenue Accounts No. 2020 2021 2022 2023 2024 2025 Adj Budget Realized Property Taxes 100 - - - - $227 - $44,688,638 0.0% Sales & Use Tax 100 $796,068 $808,170 $810,878 $903,609 1,087,863 $1,010,182 11,350,000 8.9% Franchise Tax (a) 100 - - - - - - 1,250,000 0.0% Hotel Tax 100 428,140 149,656 424,420 374,609 627,173 762,604 8,615,000 8.9% Business License Tax 100 125,814 309,824 590,778 183,846 212,980 191,594 5,200,000 3.7% Real Estate Transfer Tax 100 42,322 - 99,788 - - 59,495 800,000 7.4% Building Permits 100 211,387 192,218 118,802 170,529 234,085 213,996 2,100,000 10.2% Parking Citations 100 161,563 121,490 195,593 30,585 20,074 206,341 2,175,000 9.5% Interest Earnings 100 269,085 (30,364) 63,707 (24,827) 268,141 281,032 1,375,000 20.4% Building Plan Check Fees 100 189,865 242,439 131,989 179,695 149,540 149,540 1,837,500 8.1% Total Major Revenue Accounts $2,224,243 $1,793,433 $2,435,954 $1,818,046 $2,600,081 $2,874,784 $79,391,138 3.6% Over/(Under) Prior Year (430,810) 642,521 (617,909) 782,035 274,702 Percent Change From Prior Year (19.4%) 35.8% (25.4%) 43.0% 10.6% Other Revenues 2,629,086 1,226,521 1,554,180 3,184,030 4,694,879 $2,532,871 19,602,017 12.9% Total General Fund Revenues $4,853,329 $3,019,954 $3,990,134 $5,002,076 $7,294,961 $5,407,655 $98,993,155 5.5%
(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 2024-2025 General Fund Major Revenue Trends Year-To-Date Actuals FY 2025
July 31, 2024
$0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 Building Plan Check Fees
Interest Earnings
Parking Citations
Building Permits
Real Estate Transfer Tax
Business License Tax
Hotel Tax
Franchise Tax (a)
Sales & Use Tax
Property Taxes
July 31, 2024
Fiscal Year 2024-25
Fiscal Year 2023-24
General Fund Major Revenue Sources
$3 $4 $5 $6 $7
Percent of Year
8.3%
#DIV/0!
-
- -
#DIV/0!
#N/A
City of Manhattan Beach
Fiscal Year-To-Date General Fund Trends
Through July Year-Over-Year
$0
$300,000
$600,000
$900,000
$1,200,000
2020 2021 2022 2023 2024 2025
Sales & Use Tax
$0
$350,000
$700,000
$1,050,000
$1,400,000
2020 2021 2022 2023 2024 2025
Franchise Tax
$0
$9,000,000
$18,000,000
$27,000,000
$36,000,000
$45,000,000
2020 2021 2022 2023 2024 2025
Property Taxes
$0
$250,000
$500,000
$750,000
$1,000,000
2020 2021 2022 2023 2024 2025
Hotel Tax
$0
$250,000
$500,000
$750,000
$1,000,000
2020 2021 2022 2023 2024 2025
Business License Tax
$0
$50,000
$100,000
$150,000
$200,000
2020 2021 2022 2023 2024 2025
Real Estate Transfer Tax
$0
$100,000
$200,000
$300,000
$400,000
2020 2021 2022 2023 2024 2025
Building Permits
$0
$75,000
$150,000
$225,000
$300,000
2020 2021 2022 2023 2024 2025
Parking Citations
$0
$100,000
$200,000
$300,000
$400,000
2020 2021 2022 2023 2024 2025
Interest Earnings
$0
$100,000
$200,000
$300,000
$400,000
2020 2021 2022 2023 2024 2025
Building Plan Check Fees
Account Description Established Purpose Amount
100-21501 Tree and Bench Donations 2003 Donations for trees & benches. $ 6,797 100-21705 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. 1,585,649 100-21410 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. 10,895 100-21407 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.
46,842
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.
45,569
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.). 584,415 100-21608 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.
84,382
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. 19,818
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.
201,401
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 $ 3,835,894
Information Technology
Balance Sheet Accounts
As of July 31, 2024
Parks & Recreation
Police
Fire
Community Development