City of Manhattan Beach
Finance Department
Month End Report
August 2024
Fiscal Year 2024-2025
% of Year
16.7%
Dept Original Budget Adjusted YTD YTD Available %
No. Budget Adjustments1 Budget Expenditures Encumbrances Budget Used Management Services 11 $5,192,028 $213,624 $5,405,652 $649,629 $230,209 $4,525,814 16.3% Finance 12 4,333,794 75,680 4,409,474 714,495 267,578 3,427,401 22.3% Human Resources 13 2,032,287 37,018 2,069,305 355,255 37,018 1,677,032 19.0% Parks and Recreation 14 10,575,180 159,845 10,735,025 1,966,366 952,257 7,816,402 27.2% Police 15 38,223,846 144,312 38,368,158 5,224,211 315,128 32,828,818 14.4% Fire 16 17,732,501 - 17,732,501 2,886,669 26,804 14,819,028 16.4% Community Development 17 8,228,911 164,437 8,393,348 1,094,944 174,237 7,124,167 15.1% Public Works 18 12,166,344 937,455 13,103,799 1,701,973 945,999 10,455,827 20.2% Information Technology 19 - - - - - - - $98,484,891 $1,732,371 $100,217,262 $14,593,543 $2,949,230 $82,674,489 17.5% 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 August 31, 2024
Current Year Activity
% of Year
16.7%
Adjusted Adjusted
Fund Budget YTD % Budget %
No. Revenues Revenues Realized Expenditures Expenditures Encumbrances Utilized General Fund 100 $98,993,155 $11,527,713 11.6% $100,217,262 $14,593,543 $2,949,230 17.5% Street Lighting & Landscaping Fund 201 390,985 4,102 1.0% 712,327 65,277 11,727 10.8% Gas Tax Fund 205 1,935,943 360,877 18.6% 2,665,981 69,322 562,198 23.7% Asset Forfeiture Fund 210 41,800 28,640 68.5% 78,000 20,838 - 26.7% Police Safety Grants Fund 211 189,000 2,799 1.5% 373,032 6,739 158,032 44.2% Grants Fund 220 5,320,000 - 0.0% 5,320,000 - - 0.0% Prop A Fund 230 988,594 232,804 23.5% 1,177,148 137,703 407,731 46.3% Prop C Fund 231 802,856 194,143 24.2% 1,325,357 41,849 265,219 23.2% AB 2766 Fund 232 47,500 1,561 3.3% 673 112 - 16.6% Measure R Fund 233 964,892 232,714 24.1% 2,764,575 9,145 294,437 11.0% Measure M Fund 234 6,510,878 140,772 2.2% 6,892,604 14,630 674,466 10.0% Measure W Fund 240 411,500 10,371 2.5% 2,342,301 11,849 2,242,301 96.2% Capital Improvements Fund 401 1,714,302 406,148 23.7% 6,909,321 465,982 1,097,076 22.6% Bond Construction Fund 402 - 3,220 n/a - - - n/a Underground Assessment District Construction 403 - 45,771 n/a 38,500 - 38,500 100.0% Water Fund 501 16,832,770 3,163,198 18.8% 21,855,172 1,748,854 2,980,961 21.6% Storm Drain Fund 502 2,227,340 20,768 0.9% 5,052,172 165,803 2,424,322 51.3% Sewer Fund 503 4,273,070 792,131 18.5% 9,032,754 394,598 654,268 11.6% Parking Fund 520 4,387,700 970,004 22.1% 4,695,758 525,397 449,111 20.8% County Parking Lots Fund 521 1,111,200 291,758 26.3% 957,932 34,500 59,062 9.8% State Pier & Parking Lot Fund 522 870,500 155,776 17.9% 1,589,825 99,487 640,024 46.5% Insurance Reserve Fund 601 9,223,980 1,454,002 15.8% 9,386,625 4,465,463 269,771 50.4% Information Technology Fund 605 4,660,060 776,676 16.7% 5,739,331 693,948 914,077 28.0% Fleet Management Fund 610 3,334,359 187,674 5.6% 5,939,507 542,131 1,072,992 27.2% Building Maintenance & Operation Fund 615 2,732,659 433,767 15.9% 3,019,002 430,952 260,108 22.9% Underground Assessment Fund 2018 Refunding 710 714,150 23,579 3.3% 716,425 689,400 - 96.2% Underground Assessment Fund 19-12 & 19-14 711 606,106 2,550 0.4% 608,057 496,149 - 81.6% Underground Assessment Fund 19-4 712 337,613 6,309 1.9% 337,793 277,288 - 82.1% City Pension Fund 801 206,188 106 0.1% 207,666 30,368 - 14.6% Section 115 Fund 804 100,000 136,921 136.9% 1,021,059 991,015 - 97.1% $169,929,100 $21,606,853 12.7% $200,976,161 $27,022,340 $18,425,614 22.6% Year-to-Date
As of August 31, 2024
Fiscal Year 2024-2025 Statement of Revenues & Expenditures City of Manhattan Beach
Current Year Activity
% of Year
16.7%
Fund Original Budget Adjusted Year-to-Date Unrealized % No. Budget Adjustments Budget Actuals Amount Realized
General Fund 100 $98,993,155 - $98,993,155 $11,527,713 $87,465,442 11.6% Street Lighting & Landscaping Fund 201 390,985 - 390,985 4,102 386,883 1.0% Gas Tax Fund 205 1,935,943 - 1,935,943 360,877 1,575,066 18.6% Asset Forfeiture Fund 210 41,800 - 41,800 28,640 13,160 68.5% Police Safety Grants Fund 211 189,000 - 189,000 2,799 186,201 1.5% Grants Fund 220 5,320,000 - 5,320,000 - 5,320,000 0.0% Prop A Fund 230 988,594 - 988,594 232,804 755,790 23.5% Prop C Fund 231 802,856 - 802,856 194,143 608,713 24.2% AB 2766 Fund 232 47,500 - 47,500 1,561 45,939 3.3% Measure R Fund 233 964,892 - 964,892 232,714 732,178 24.1% Measure M Fund 234 6,510,878 - 6,510,878 140,772 6,370,106 2.2% Measure W Fund 240 411,500 - 411,500 10,371 401,129 2.5% Capital Improvements Fund 401 1,714,302 - 1,714,302 406,148 1,308,154 23.7% Bond Construction Fund 402 - - - 3,220 (3,220) n/a Underground Assessment District Construction 403 - - - 45,771 (45,771) n/a Water Fund 501 16,832,770 - 16,832,770 3,163,198 13,669,572 18.8% Storm Drain Fund 502 2,227,340 - 2,227,340 20,768 2,206,572 0.9% Sewer Fund 503 4,273,070 - 4,273,070 792,131 3,480,939 18.5% Parking Fund 520 4,387,700 - 4,387,700 970,004 3,417,696 22.1% County Parking Lots Fund 521 1,111,200 - 1,111,200 291,758 819,442 26.3% State Pier & Parking Lot Fund 522 870,500 - 870,500 155,776 714,724 17.9% Insurance Reserve Fund 601 9,223,980 - 9,223,980 1,454,002 7,769,978 15.8% Information Technology Fund 605 4,660,060 - 4,660,060 776,676 3,883,384 16.7% Fleet Management Fund 610 3,334,359 - 3,334,359 187,674 3,146,685 5.6% Building Maintenance & Operation Fund 615 2,732,659 - 2,732,659 433,767 2,298,892 15.9% Underground Assessment Fund 2018 Refunding 710 714,150 - 714,150 23,579 690,571 3.3% Underground Assessment Fund 19-12 & 19-14 711 606,106 - 606,106 2,550 603,556 0.4% Underground Assessment Fund 19-4 712 337,613 - 337,613 6,309 331,305 1.9% City Pension Fund 801 206,188 - 206,188 106 206,082 0.1% Section 115 Fund 804 100,000 - 100,000 136,921 (36,921) 136.9% $169,929,100 $0 $169,929,100 $21,606,853 $148,322,247 12.7% City of Manhattan Beach
Fiscal Year 2024-2025 Citywide Revenues
As of August 31, 2024
Current Year Activity
% of Year
16.7%
Fund Original Budget Adjusted Available %
No. Budget Adjustments* Budget Actuals Encumbrances Budget Utilized General Fund 100 $98,484,891 $1,732,371 $100,217,262 $14,593,543 $2,949,230 $82,674,489 17.5% Street Lighting & Landscaping Fund 201 704,331 7,996 712,327 65,277 11,727 635,323 10.8% Gas Tax Fund 205 2,075,138 590,843 2,665,981 69,322 562,198 2,034,461 23.7% Asset Forfeiture Fund 210 78,000 - 78,000 20,838 - 57,162 26.7% Police Safety Grants Fund 211 215,000 158,032 373,032 6,739 158,032 208,261 44.2% Grants Fund 220 5,320,000 - 5,320,000 - - 5,320,000 0.0% Prop A Fund 230 769,417 407,731 1,177,148 137,703 407,731 631,714 46.3% Prop C Fund 231 1,060,138 265,219 1,325,357 41,849 265,219 1,018,289 23.2% AB 2766 Fund 232 673 - 673 112 - 561 16.6% Measure R Fund 233 2,470,138 294,437 2,764,575 9,145 294,437 2,460,993 11.0% Measure M Fund 234 6,218,138 674,466 6,892,604 14,630 674,466 6,203,508 10.0% Measure W Fund 240 100,000 2,242,301 2,342,301 11,849 2,242,301 88,151 96.2% Capital Improvements Fund 401 5,554,068 1,355,253 6,909,321 465,982 1,097,076 5,346,263 22.6% Bond Construction Fund 402 - - - - - - n/a Underground Assessment District Construction 403 - 38,500 38,500 - 38,500 - 100.0% Water Fund 501 19,150,131 2,705,041 21,855,172 1,748,854 2,980,961 17,125,357 21.6% Storm Drain Fund 502 2,613,335 2,438,837 5,052,172 165,803 2,424,322 2,462,047 51.3% Sewer Fund 503 8,305,857 726,897 9,032,754 394,598 654,268 7,983,889 11.6% Parking Fund 520 4,290,885 404,873 4,695,758 525,397 449,111 3,721,250 20.8% County Parking Lots Fund 521 890,901 67,031 957,932 34,500 59,062 864,370 9.8% State Pier & Parking Lot Fund 522 935,275 654,550 1,589,825 99,487 640,024 850,314 46.5% Insurance Reserve Fund 601 9,370,892 15,733 9,386,625 4,465,463 269,771 4,651,391 50.4% Information Technology Fund 605 5,428,569 310,762 5,739,331 693,948 914,077 4,131,306 28.0% Fleet Management Fund 610 4,930,447 1,009,060 5,939,507 542,131 1,072,992 4,324,384 27.2% Building Maintenance & Operation Fund 615 2,732,659 286,343 3,019,002 430,952 260,108 2,327,942 22.9% Underground Assessment Fund 2018 Refunding 710 716,425 - 716,425 689,400 - 27,025 96.2% Underground Assessment Fund 19-12 & 19-14 711 608,057 - 608,057 496,149 - 111,908 81.6% Underground Assessment Fund 19-4 712 337,793 - 337,793 277,288 - 60,506 82.1% City Pension Fund 801 207,666 - 207,666 30,368 - 177,298 14.6% Section 115 Fund 804 1,021,059 - 1,021,059 991,015 - 30,044 97.1% $184,589,883 $16,386,278 $200,976,161 $27,022,340 $18,425,614 $155,528,207 22.6% *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 August 31, 2024
Current Year Activity
$3 $4 $5 $6 $7
Percent of Year
16.7%
Major Revenue Accounts 2020 2021 2022 2023 2024 2025 Adj Budget Realized Property Taxes $755,718 $776,468 $770,228 $824,597 $896,139 $1,419,947 $44,688,638 3.2% Sales & Use Tax 1,638,508 1,249,220 1,708,940 1,995,892 2,248,249 1,958,767 11,350,000 17.3% Hotel Transient Occupancy Tax (TOT) 908,113 300,577 882,717 1,109,796 1,326,445 1,489,730 7,415,000 20.1% Short Term Rental TOT 2,620 - - 4,278 173,730 266,089 1,200,000 22.2% Business License Tax 244,238 489,304 717,723 315,511 396,599 300,817 5,200,000 5.8% Real Estate Transfer Tax 121,395 43,690 336,863 - - 150,858 800,000 18.9% Building Permits 334,463 256,657 240,375 369,028 431,554 421,551 2,100,000 20.1% Parking Citations 316,479 195,554 360,864 234,447 149,062 404,168 2,175,000 18.6% Interest Earnings 362,501 337,855 151,755 134,355 360,878 394,223 1,375,000 28.7% Building Plan Check Fees 323,307 346,109 248,307 364,369 353,602 410,812 1,837,500 22.4% Total Major Revenue Accounts $5,007,341 $3,995, 433 $5,417,772 $5,352,273 $6,336, 258 $7,216,962 $78,141,138 9.2% Over/(Under) Prior Year (1,011,909) 1,422,339 (65,499) 983,985 880,704 Percent Change From Prior Yea
r (20.2%) 35.6% (1.2%) 18.4% 13.9%
Other Revenues 3,990,108 2,486,319 3,102,453 4,887,808 6,561,251 $4,310,751 20,852,017 20.7% Total General Fund Revenues $8,997,449 $6, 481,752 $8,520,225 $10,240,081 $12, 897,509 $11,527,713 $98,993,155 11.6%
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
August 31, 2024
$0 $300,000 $600,000 $900,000 $1,200,000 $1,500,000 $1,800,000 $2,100,000 $2,400,000 Building Plan Check Fees
Interest Earnings
Parking Citations
Building Permits
Real Estate Transfer Tax
Business License Tax
Short Term Rental TOT
Hotel Transient Occpancy Tax
Sales & Use Tax
Property Taxes
August 31, 2024
Fiscal Year 2024-25
Fiscal Year 2023-24
General Fund Major Revenue Sources
$3 $4 $5 $6 $7
Percent of Year
16.7%
-
City of Manhattan Beach
Fiscal Year-To-Date General Fund Trends
Through August Year-Over-Year
$0
$600,000
$1,200,000
$1,800,000
$2,400,000
2020 2021 2022 2023 2024 2025
Sales & Use Tax
$0
$400,000
$800,000
$1,200,000
$1,600,000
2020 2021 2022 2023 2024 2025
Property Taxes
$0
$400,000
$800,000
$1,200,000
$1,600,000
2020 2021 2022 2023 2024 2025
Hotel Transient Occupancy Tax
(TOT)
$0
$250,000
$500,000
$750,000
$1,000,000
2020 2021 2022 2023 2024 2025
Business License Tax
$0
$90,000
$180,000
$270,000
$360,000
2020 2021 2022 2023 2024 2025
Real Estate Transfer Tax
$0
$125,000
$250,000
$375,000
$500,000
2020 2021 2022 2023 2024 2025
Building Permits
$0
$112,500
$225,000
$337,500
$450,000
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
$105,000
$210,000
$315,000
$420,000
2020 2021 2022 2023 2024 2025
Building Plan Check Fees
$0
$70,000
$140,000
$210,000
$280,000
2020 2021 2022 2023 2024 2025
Short Term Rental TOT
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. (5,009) 100-21706 Recreation Sponsorships 2017 Sponsorship revenue/expenses for other programs. 30,750 802-21708 Public Arts Fund 2003 Funded through a portion of development fees. Used to fund Public Art. 1,587,844 100-21410 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. 15,873 100-21407 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.
46,740
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.). 590,946 100-21608 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.
86,021
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. 19,451
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.
215,823
100-21311 Time Warner PEG Deposit 1997 Public, Education, and Governmental Access. MBtv (city government cablecast and webcast) capital expenditures, repairs and upgrades.
$ 108,916
100-21312 Verizon PEG Deposit 2007 Public, Education, and Governmental Access. MBtv (city government cablecast and webcast) capital expenditures, repairs and upgrades.
344,548
Total $ 3,415,550
Information Technology
Balance Sheet Accounts
As of August 31, 2024
Parks & Recreation
Police
Fire
Community Development