% of Year
33.3%
Adjusted Adjusted
Fund Budget YTD % Budget %
No. Revenues Revenues Realized Expenditures Expenditures Encumbrances Utilized* General Fund 100 $99,370,008 $17,098,610 17.2% $100,520,575 $29,700,047 $2,807,210 32.3% Street Lighting & Landscaping Fund 201 390,985 1,280 0.3% 726,173 180,824 3,008 25.3% Gas Tax Fund 205 2,082,844 569,969 27.4% 5,965,379 101,673 1,021,494 18.8% Asset Forfeiture Fund 210 41,800 40,539 97.0% 78,000 44,404 - 56.9% Police Safety Grants Fund 211 189,000 127,661 67.5% 373,032 92,072 74,945 44.8% Grants Fund 220 6,955,849 - - 6,919,849 - 193,633 2.8% Prop A Fund 230 988,594 267,253 27.0% 1,177,148 225,300 407,731 53.8% Prop C Fund 231 7,830,351 262,583 3.4% 7,813,534 185,551 261,341 5.7% AB 2766 Fund 232 47,500 20,646 43.5% 273,428 1,765 - 0.6% Measure R Fund 233 1,513,142 246,294 16.3% 3,643,478 30,888 294,437 8.9% Measure M Fund 234 19,952,149 195,854 1.0% 20,138,263 28,335 674,466 3.5% Measure W Fund 240 28,133,779 65,111 0.2% 28,071,967 23,288 2,242,032 8.1% Capital Improvements Fund 401 2,114,453 658,079 31.1% 12,285,955 957,198 712,157 13.6% Bond Construction Fund 402 - 37,772 - 60 - - - Underground Assessment District Construction 403 - 103,157 - 1,170,556 58,985 38,500 8.3% Water Fund 501 16,832,770 6,670,826 39.6% 25,937,632 4,519,213 3,365,819 30.4% Storm Drain Fund 502 2,227,340 172,131 7.7% 7,424,304 435,269 2,288,713 36.7% Sewer Fund 503 4,273,070 1,993,563 46.7% 21,249,581 891,665 684,361 7.4% Parking Fund 520 4,387,700 1,797,234 41.0% 6,455,041 976,649 579,039 24.1% County Parking Lots Fund 521 1,111,200 470,654 42.4% 957,932 127,847 41,789 17.7% State Pier & Parking Lot Fund 522 870,500 360,878 41.5% 1,650,764 416,035 395,043 49.1% Insurance Reserve Fund 601 9,223,980 3,191,381 34.6% 9,386,625 5,912,147 214,442 65.3% Information Technology Fund 605 4,660,060 1,553,390 33.3% 5,906,980 1,568,089 840,548 40.8% Fleet Management Fund 610 3,334,359 1,168,656 35.0% 5,939,507 852,305 1,110,648 33.0% Building Maintenance & Operation Fund 615 2,732,659 762,344 27.9% 3,019,002 909,654 296,248 39.9% Underground Assessment Fund 2018 Refunding 710 714,150 20,131 2.8% 716,425 689,400 - 96.2% Underground Assessment Fund 19-12 & 19-14 711 606,106 6,898 1.1% 608,057 496,149 - 81.6% Underground Assessment Fund 19-4 712 337,613 3,360 1.0% 337,793 277,288 - 82.1% City Pension Fund 801 206,188 358 0.2% 207,666 62,508 - 30.1% Section 115 Fund 804 100,000 105,939 105.9% 1,021,059 991,015 - 97.1% $221,228,150 $37,972,551 17.2% $279,975,765 $50,755,561 $18,547,605 24.8% *Includes Encumbered Amounts
Year-to-Date
As of October 31, 2024
Fiscal Year 2025 Statement of Revenues & Expenditures
City of Manhattan Beach
Current Year Activity
% of Year
33.3%
Fund Original Budget Adjusted Year-to-Date Unrealized % No. Budget Adjustments Budget Actuals Amount Realized
General Fund 100 $98,993,155 376,853 $99,370,008 $17,098,610 $82,271,398 17.2% Street Lighting & Landscaping Fund 201 390,985 - 390,985 1,280 389,705 0.3% Gas Tax Fund 205 1,935,943 146,901 2,082,844 569,969 1,512,876 27.4% Asset Forfeiture Fund 210 41,800 - 41,800 40,539 1,261 97.0% Police Safety Grants Fund 211 189,000 - 189,000 127,661 61,339 67.5% Grants Fund 220 5,320,000 1,635,849 6,955,849 - 6,955,849 - Prop A Fund 230 988,594 - 988,594 267,253 721,341 27.0% Prop C Fund 231 802,856 7,027,495 7,830,351 262,583 7,567,768 3.4% AB 2766 Fund 232 47,500 - 47,500 20,646 26,854 43.5% Measure R Fund 233 964,892 548,250 1,513,142 246,294 1,266,848 16.3% Measure M Fund 234 6,510,878 13,441,271 19,952,149 195,854 19,756,295 1.0% Measure W Fund 240 411,500 27,722,279 28,133,779 65,111 28,068,668 0.2% Capital Improvements Fund 401 1,714,302 400,151 2,114,453 658,079 1,456,374 31.1% Bond Construction Fund 402 - - - 37,772 (37,772) - Underground Assessment District Construction 403 - - - 103,157 (103,157) - Water Fund 501 16,832,770 - 16,832,770 6,670,826 10,161,944 39.6% Storm Drain Fund 502 2,227,340 - 2,227,340 172,131 2,055,209 7.7% Sewer Fund 503 4,273,070 - 4,273,070 1,993,563 2,279,507 46.7% Parking Fund 520 4,387,700 - 4,387,700 1,797,234 2,590,466 41.0% County Parking Lots Fund 521 1,111,200 - 1,111,200 470,654 640,546 42.4% State Pier & Parking Lot Fund 522 870,500 - 870,500 360,878 509,622 41.5% Insurance Reserve Fund 601 9,223,980 - 9,223,980 3,191,381 6,032,599 34.6% Information Technology Fund 605 4,660,060 - 4,660,060 1,553,390 3,106,670 33.3% Fleet Management Fund 610 3,334,359 - 3,334,359 1,168,656 2,165,703 35.0% Building Maintenance & Operation Fund 615 2,732,659 - 2,732,659 762,344 1,970,315 27.9% Underground Assessment Fund 2018 Refunding 710 714,150 - 714,150 20,131 694,019 2.8% Underground Assessment Fund 19-12 & 19-14 711 606,106 - 606,106 6,898 599,208 1.1% Underground Assessment Fund 19-4 712 337,613 - 337,613 3,360 334,253 1.0% City Pension Fund 801 206,188 - 206,188 358 205,830 0.2% Section 115 Fund 804 100,000 - 100,000 105,939 (5,939) 105.9% $169,929,100 $51,299,050 $221,228,150 $37,972,551 $183,255,599 17.2% City of Manhattan Beach
Fiscal Year 2025 Citywide Revenues
As of October 31, 2024
Current Year Activity
% of Year
33.3%
Fund Original Budget Adjusted Available %
No. Budget Adjustments* Budget Actuals Encumbrances Budget Utilized** General Fund 100 $98,484,891 $2,035,684 $100,520,575 $29,700,047 $2,807,210 $68,013,317 32.3% Street Lighting & Landscaping Fund 201 704,331 21,842 726,173 180,824 3,008 542,341 25.3% Gas Tax Fund 205 2,075,138 3,890,241 5,965,379 101,673 1,021,494 4,842,212 18.8% Asset Forfeiture Fund 210 78,000 - 78,000 44,404 - 33,596 56.9% Police Safety Grants Fund 211 215,000 158,032 373,032 92,072 74,945 206,015 44.8% Grants Fund 220 5,320,000 1,599,849 6,919,849 - 193,633 6,726,216 2.8% Prop A Fund 230 769,417 407,731 1,177,148 225,300 407,731 544,117 53.8% Prop C Fund 231 1,060,138 6,753,396 7,813,534 185,551 261,341 7,366,642 5.7% AB 2766 Fund 232 673 272,755 273,428 1,765 - 271,663 0.6% Measure R Fund 233 2,470,138 1,173,340 3,643,478 30,888 294,437 3,318,154 8.9% Measure M Fund 234 6,218,138 13,920,125 20,138,263 28,335 674,466 19,435,462 3.5% Measure W Fund 240 100,000 27,971,967 28,071,967 23,288 2,242,032 25,806,647 8.1% Capital Improvements Fund 401 5,554,068 6,731,887 12,285,955 957,198 712,157 10,616,600 13.6% Bond Construction Fund 402 - 60 60 - - 60 - Underground Assessment District Construction 403 - 1,170,556 1,170,556 58,985 38,500 1,073,071 8.3% Water Fund 501 19,150,131 6,787,501 25,937,632 4,519,213 3,365,819 18,052,600 30.4% Storm Drain Fund 502 2,613,335 4,810,969 7,424,304 435,269 2,288,713 4,700,322 36.7% Sewer Fund 503 8,305,857 12,943,724 21,249,581 891,665 684,361 19,673,555 7.4% Parking Fund 520 4,290,885 2,164,156 6,455,041 976,649 579,039 4,899,353 24.1% County Parking Lots Fund 521 890,901 67,031 957,932 127,847 41,789 788,295 17.7% State Pier & Parking Lot Fund 522 935,275 715,489 1,650,764 416,035 395,043 839,686 49.1% Insurance Reserve Fund 601 9,370,892 15,733 9,386,625 5,912,147 214,442 3,260,036 65.3% Information Technology Fund 605 5,428,569 478,411 5,906,980 1,568,089 840,548 3,498,343 40.8% Fleet Management Fund 610 4,930,447 1,009,060 5,939,507 852,305 1,110,648 3,976,554 33.0% Building Maintenance & Operation Fund 615 2,732,659 286,343 3,019,002 909,654 296,248 1,813,101 39.9% 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 62,508 - 145,159 30.1% Section 115 Fund 804 1,021,059 - 1,021,059 991,015 - 30,044 97.1% $184,589,883 $95,385,882 $279,975,765 $50,755,561 $18,547,605 $210,672,600 24.8% *Budget Adjustments include City Council-approved adjustments during the current year and encumbrances carried forward from the prior year. **Includes Encumbered Amounts
Year-to-Date
City of Manhattan Beach
Fiscal Year 2025 Citywide Expenditures
As of October 31, 2024
Current Year Activity
$3 $4 $5 $6 $7
Percent of Year
33.3%
Major Revenue Accounts 2020 2021 2022 2023 2024 2025 Adj Budget Realized Property Taxes $755,718 $776,468 $770,228 $824,597 $896,048 $957,450 $44,688,638 2.1% Sales & Use Tax* 3,129,223 2,574,802 3,264,452 3,758,858 3,952,856 1,876,762 11,350,000 16.5% Hotel Transient Occupancy Tax (TOT)* 1,769,443 711,274 1,698,250 2,473,168 2,725,617 2,347,902 7,415,000 31.7% Short Term Rental TOT* 5,450 - 600 22,052 342,842 333,387 1,200,000 27.8% Business License Tax 396,282 608,993 903,296 519,882 568,734 378,395 5,200,000 7.3% Real Estate Transfer Tax 412,419 224,754 564,928 172,356 162,856 146,855 800,000 18.4% Building Permits 612,909 536,256 559,167 657,607 837,424 720,337 2,100,000 34.3% Parking Citations 680,689 508,999 672,561 863,450 445,957 650,836 2,175,000 29.9% Interest Earnings 591,874 479,350 320,513 348,793 855,017 512,115 1,375,000 37.2% Building Plan Check Fees 651,158 624,437 643,222 554,836 641,343 789,808 1,837,500 43.0% Total Major Revenue Accounts $9,005,166 $7,045,332 $9,397,216 $10,195,599 $11,428,693 $8,713,847 $78,141,138 11.2% Over/(Under) Prior Year (1,959,833) 2,351,884 798,384 1,233,094 (2,714,846) Percent Change From Prior Year (21.8%) 33.4% 8.5% 12.1% (23.8%) Other Revenues* 6,770,480 5,131,150 5,950,823 7,895,766 9,830,157 $8,384,763 21,228,870 39.5% Total General Fund Revenues $15,775,646 $12,176,483 $15,348,039 $18,091,366 $21,258,850 $17,098,610 $99,370,008 17.2% * Variance in FY 2025 is due to an accounting methodology change wherein identified key revenues are accrued and reversed to the previous year during Quarter 1 instead of at the End of the Fiscal Year
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 2025 General Fund Major Revenue Trends
Year-To-Date Actuals FY 2025
October 31, 2024
$0 $1,000,000 $2,000,000 $3,000,000 $4,000,000
Building Plan Check Fees
Interest Earnings
Parking Citations
Building Permits
Real Estate Transfer Tax
Business License Tax
Short Term Rental TOT*
Hotel Transient Occupancy Tax*
Sales & Use Tax*
Property Taxes
October 31, 2024
Fiscal Year 2024-25
Fiscal Year 2023-24
General Fund Major Revenue Sources
$3 $4 $5 $6 $7
Percent of Year
33.3%
-
* Variance in FY 2025 is due to an accounting methodology change wherein identified key revenues are accrued and reversed to the previous year during Quarter 1 instead of at the End of the Fiscal Year
City of Manhattan Beach
Fiscal Year-To-Date General Fund Trends
Through October Year-Over-Year
$0
$1,000,000
$2,000,000
$3,000,000
$4,000,000
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
$700,000
$1,400,000
$2,100,000
$2,800,000
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
$150,000
$300,000
$450,000
$600,000
2020 2021 2022 2023 2024 2025
Real Estate Transfer Tax
$0
$250,000
$500,000
$750,000
$1,000,000
2020 2021 2022 2023 2024 2025
Building Permits
$0
$225,000
$450,000
$675,000
$900,000
2020 2021 2022 2023 2024 2025
Parking Citations
$0
$225,000
$450,000
$675,000
$900,000
2020 2021 2022 2023 2024 2025
Interest Earnings
$0
$200,000
$400,000
$600,000
$800,000
2020 2021 2022 2023 2024 2025
Building Plan Check Fees
$0
$90,000
$180,000
$270,000
$360,000
2020 2021 2022 2023 2024 2025
Short Term Rental TOT*
% of Year
33.3%
Dept Original Budget Adjusted YTD YTD Available %
No. Budget Adjustments1 Budget Expenditures Encumbrances Budget Used Management Services 11 $5,192,028 $236,155 $5,428,183 $1,506,440 $251,463 $3,670,280 32.4% Finance 12 4,333,794 75,680 4,409,474 1,355,097 192,438 2,861,939 35.1% Human Resources 13 2,032,287 37,018 2,069,305 788,778 26,459 1,254,069 39.4% Parks and Recreation 14 10,575,180 159,845 10,735,025 3,429,748 790,244 6,515,032 39.3% Police 15 38,223,846 274,817 38,498,663 10,935,908 464,607 27,098,148 29.6% Fire 16 17,732,501 - 17,732,501 5,854,032 70,946 11,807,523 33.4% Community Development 17 8,228,911 194,574 8,423,485 2,330,203 135,922 5,957,361 29.3% Public Works 18 12,166,344 1,057,595 13,223,939 3,499,842 875,131 8,848,966 33.1% Information Technology 19 - - - - - - - $98,484,891 $2,035,684 $100,520,575 $29,700,047 $2,807,210 $68,013,317 32.3% 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 2025 General Fund Expenditures by Department As of October 31, 2024
Current Year Activity
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. 3,748 100-21706 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. 1,601,262 100-21410 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. 13,985 100-21404 Neighborhood Watch Deposits 1997 Property that is forfeited permanently and goes to auction. The funds are deposited for various Neighborhood Watch uses. 14,681 100-21407 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.
46,906
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.
48,493
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.). 598,707 100-21608 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.
82,979
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. 16,042
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.
123,383
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.
78,956
100-21311 Time Warner PEG Deposit 1997 Public, Education, and Governmental Access. MBtv (city government cablecast and webcast) capital expenditures, repairs and upgrades.
$ 26,217
100-21312 Verizon PEG Deposit 2007 Public, Education, and Governmental Access. MBtv (city government cablecast and webcast) capital expenditures, repairs and upgrades.
205,302
Total $ 3,097,943
Information Technology
Balance Sheet Accounts
As of October 31, 2024
Parks & Recreation
Police
Fire
Community Development