City of Manhattan Beach
Finance Department
Month End Report
December 2024
Fiscal
Year 2024-2025
% of Year
50.0%
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 $2,453,564 $227,778 $2,746,841 49.4% Finance 12 4,333,794 75,680 4,409,474 2,187,345 178,495 2,043,634 53.7% Human Resources 13 2,032,287 37,018 2,069,305 1,248,658 26,459 794,189 61.6% Parks and Recreation 14 10,575,180 159,845 10,735,025 5,733,379 634,315 4,367,331 59.3% Police 15 38,223,846 354,817 38,578,663 20,075,242 671,033 17,832,388 53.8% Fire 16 17,732,501 - 17,732,501 10,636,710 98,202 6,997,589 60.5% Community Development 17 8,228,911 175,841 8,404,752 3,831,238 155,969 4,417,545 47.4% Public Works 18 12,166,344 1,057,595 13,223,939 5,939,629 819,898 6,464,412 51.1% Information Technology 19 - - - - - - - $98,484,891 $2,096,950 $100,581,841 $52,105,765 $2,812,150 $45,663,927 54.6% 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 December 31, 2024
Current Year Activity
% of Year
50.0%
Adjusted Adjusted
Fund Budget YTD % Budget %
No. Revenues Revenues Realized Expenditures Expenditures Encumbrances Utilized* General Fund 100 $99,450,008 $41,461,026 41.7% $100,581,841 $52,105,765 $2,812,150 54.6% Street Lighting & Landscaping Fund 201 390,985 151,183 38.7% 726,173 241,394 3,008 33.7% Gas Tax Fund 205 2,082,844 932,530 44.8% 5,956,637 161,081 956,825 18.8% Asset Forfeiture Fund 210 41,800 47,804 114.4% 78,000 57,651 - 73.9% Police Safety Grants Fund 211 189,000 197,577 104.5% 373,032 98,810 74,945 46.6% Grants Fund 220 6,955,849 - - 6,919,849 174,050 19,583 2.8% Prop A Fund 230 988,594 415,490 42.0% 1,202,148 823,079 - 68.5% Prop C Fund 231 7,830,351 412,385 5.3% 7,770,058 188,232 215,183 5.2% AB 2766 Fund 232 47,500 33,987 71.6% 273,428 1,877 - 0.7% Measure R Fund 233 1,513,142 347,409 23.0% 3,643,478 42,114 287,861 9.1% Measure M Fund 234 19,952,149 303,999 1.5% 20,138,263 199,637 1,554,147 8.7% Measure W Fund 240 28,133,779 75,668 0.3% 28,071,967 97,353 2,173,977 8.1% Capital Improvements Fund 401 2,114,453 897,625 42.5% 12,268,794 2,079,032 621,024 22.0% Bond Construction Fund 402 - 40,348 - 60 241 - 401.7% Underground Assessment District Construction 403 - 111,609 - 1,170,556 58,985 38,500 8.3% Water Fund 501 16,832,770 9,786,111 58.1% 25,935,367 7,566,633 3,211,167 41.6% Storm Drain Fund 502 2,227,340 991,578 44.5% 7,424,304 634,823 2,252,576 38.9% Sewer Fund 503 4,273,070 2,824,036 66.1% 21,249,581 1,456,368 1,226,161 12.6% Parking Fund 520 4,387,700 2,206,634 50.3% 6,455,041 1,912,251 509,002 37.5% County Parking Lots Fund 521 1,111,200 585,608 52.7% 957,932 180,709 31,137 22.1% State Pier & Parking Lot Fund 522 870,500 467,021 53.6% 1,650,764 484,727 392,034 53.1% Insurance Reserve Fund 601 9,223,980 4,633,400 50.2% 9,386,625 7,488,183 145,996 81.3% Information Technology Fund 605 4,660,060 2,330,866 50.0% 5,906,980 2,562,276 413,687 50.4% Fleet Management Fund 610 3,334,359 1,854,334 55.6% 5,939,024 1,152,610 1,151,772 38.8% Building Maintenance & Operation Fund 615 2,732,659 1,359,861 49.8% 3,019,002 1,409,663 263,697 55.4% Underground Assessment Fund 2018 Refunding 710 714,150 236,756 33.2% 716,425 689,400 - 96.2% Underground Assessment Fund 19-12 & 19-14 711 606,106 256,484 42.3% 608,057 496,149 - 81.6% Underground Assessment Fund 19-4 712 337,613 69,769 20.7% 337,793 277,288 - 82.1% City Pension Fund 801 206,188 358 0.2% 207,666 103,277 - 49.7% Section 115 Fund 804 100,000 105,420 105.4% 1,021,059 991,015 - 97.1% $221,308,150 $73,136,878 33.0% $279,989,904 $83,734,672 $18,354,430 36.5% *Includes Encumbered Amounts
Year-to-Date
As of December 31, 2024
Fiscal Year 2025 Statement of Revenues & Expenditures
City of Manhattan Beach
Current Year Activity
% of Year
50.0%
Fund Original Budget Adjusted Year-to-Date Unrealized % No. Budget Adjustments Budget Actuals Amount Realized
General Fund 100 $98,993,155 456,853 $99,450,008 $41,461,026 $57,988,982 41.7% Street Lighting & Landscaping Fund 201 390,985 - 390,985 151,183 239,802 38.7% Gas Tax Fund 205 1,935,943 146,901 2,082,844 932,530 1,150,314 44.8% Asset Forfeiture Fund 210 41,800 - 41,800 47,804 (6,004) 114.4% Police Safety Grants Fund 211 189,000 - 189,000 197,577 (8,577) 104.5% Grants Fund 220 5,320,000 1,635,849 6,955,849 - 6,955,849 - Prop A Fund 230 988,594 - 988,594 415,490 573,104 42.0% Prop C Fund 231 802,856 7,027,495 7,830,351 412,385 7,417,966 5.3% AB 2766 Fund 232 47,500 - 47,500 33,987 13,513 71.6% Measure R Fund 233 964,892 548,250 1,513,142 347,409 1,165,732 23.0% Measure M Fund 234 6,510,878 13,441,271 19,952,149 303,999 19,648,151 1.5% Measure W Fund 240 411,500 27,722,279 28,133,779 75,668 28,058,111 0.3% Capital Improvements Fund 401 1,714,302 400,151 2,114,453 897,625 1,216,828 42.5% Bond Construction Fund 402 - - - 40,348 (40,348) - Underground Assessment District Construction 403 - - - 111,609 (111,609) - Water Fund 501 16,832,770 - 16,832,770 9,786,111 7,046,659 58.1% Storm Drain Fund 502 2,227,340 - 2,227,340 991,578 1,235,762 44.5% Sewer Fund 503 4,273,070 - 4,273,070 2,824,036 1,449,034 66.1% Parking Fund 520 4,387,700 - 4,387,700 2,206,634 2,181,066 50.3% County Parking Lots Fund 521 1,111,200 - 1,111,200 585,608 525,592 52.7% State Pier & Parking Lot Fund 522 870,500 - 870,500 467,021 403,479 53.6% Insurance Reserve Fund 601 9,223,980 - 9,223,980 4,633,400 4,590,580 50.2% Information Technology Fund 605 4,660,060 - 4,660,060 2,330,866 2,329,194 50.0% Fleet Management Fund 610 3,334,359 - 3,334,359 1,854,334 1,480,025 55.6% Building Maintenance & Operation Fund 615 2,732,659 - 2,732,659 1,359,861 1,372,798 49.8% Underground Assessment Fund 2018 Refunding 710 714,150 - 714,150 236,756 477,394 33.2% Underground Assessment Fund 19-12 & 19-14 711 606,106 - 606,106 256,484 349,622 42.3% Underground Assessment Fund 19-4 712 337,613 - 337,613 69,769 267,844 20.7% City Pension Fund 801 206,188 - 206,188 358 205,830 0.2% Section 115 Fund 804 100,000 - 100,000 105,420 (5,420) 105.4% $169,929,100 $51,379,050 $221,308,150 $73,136,878 $148,171,272 33.0% City of Manhattan Beach
Fiscal Year 2025 Citywide Revenues
As of December 31, 2024
Current Year Activity
% of Year
50.0%
Fund Original Budget Adjusted Available %
No. Budget Adjustments* Budget Actuals Encumbrances Budget Utilized** General Fund 100 $98,484,891 $2,096,950 $100,581,841 $52,105,765 $2,812,150 $45,663,927 54.6% Street Lighting & Landscaping Fund 201 704,331 21,842 726,173 241,394 3,008 481,771 33.7% Gas Tax Fund 205 2,075,138 3,881,499 5,956,637 161,081 956,825 4,838,732 18.8% Asset Forfeiture Fund 210 78,000 - 78,000 57,651 - 20,349 73.9% Police Safety Grants Fund 211 215,000 158,032 373,032 98,810 74,945 199,276 46.6% Grants Fund 220 5,320,000 1,599,849 6,919,849 174,050 19,583 6,726,216 2.8% Prop A Fund 230 769,417 432,731 1,202,148 823,079 - 379,069 68.5% Prop C Fund 231 1,060,138 6,709,920 7,770,058 188,232 215,183 7,366,642 5.2% AB 2766 Fund 232 673 272,755 273,428 1,877 - 271,551 0.7% Measure R Fund 233 2,470,138 1,173,340 3,643,478 42,114 287,861 3,313,504 9.1% Measure M Fund 234 6,218,138 13,920,125 20,138,263 199,637 1,554,147 18,384,478 8.7% Measure W Fund 240 100,000 27,971,967 28,071,967 97,353 2,173,977 25,800,637 8.1% Capital Improvements Fund 401 5,554,068 6,714,726 12,268,794 2,079,032 621,024 9,568,738 22.0% Bond Construction Fund 402 - 60 60 241 - (181) 401.7% 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 6,785,236 25,935,367 7,566,633 3,211,167 15,157,568 41.6% Storm Drain Fund 502 2,613,335 4,810,969 7,424,304 634,823 2,252,576 4,536,905 38.9% Sewer Fund 503 8,305,857 12,943,724 21,249,581 1,456,368 1,226,161 18,567,052 12.6% Parking Fund 520 4,290,885 2,164,156 6,455,041 1,912,251 509,002 4,033,788 37.5% County Parking Lots Fund 521 890,901 67,031 957,932 180,709 31,137 746,086 22.1% State Pier & Parking Lot Fund 522 935,275 715,489 1,650,764 484,727 392,034 774,004 53.1% Insurance Reserve Fund 601 9,370,892 15,733 9,386,625 7,488,183 145,996 1,752,446 81.3% Information Technology Fund 605 5,428,569 478,411 5,906,980 2,562,276 413,687 2,931,017 50.4% Fleet Management Fund 610 4,930,447 1,008,577 5,939,024 1,152,610 1,151,772 3,634,642 38.8% Building Maintenance & Operation Fund 615 2,732,659 286,343 3,019,002 1,409,663 263,697 1,345,642 55.4% 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 - 207,666 103,277 - 104,389 49.7% Section 115 Fund 804 1,021,059 - 1,021,059 991,015 - 30,044 97.1% $184,589,883 $95,400,021 $279,989,904 $83,734,672 $18,354,430 $177,900,802 36.5% *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 December 31, 2024
Current Year Activity
$3 $4 $5 $6 $7
Percent of Year
50.0%
Major Revenue Accounts 2020 2021 2022 2023 2024 2025 Adj Budget Realized Property Taxes $12,078,002 $12,953,416 $13,464,650 $14,462,440 $15,215,077 $15,997,900 $44,688,638 35.8% Sales & Use Tax* 4,757,818 3,294,389 5,014,311 5,743,065 5,857,302 3,715,005 11,350,000 32.7% Hotel Transient Occupancy Tax (TOT)* 2,528,456 1,073,791 2,535,995 3,547,030 3,956,908 3,286,172 7,415,000 44.3% Short Term Rental TOT* 5,450 - - 52,870 503,055 689,797 1,200,000 57.5% Business License Tax 456,267 764,430 1,005,392 596,476 800,904 471,864 5,200,000 9.1% Real Estate Transfer Tax 466,293 436,693 767,356 301,369 301,434 418,442 800,000 52.3% Building Permits 914,454 716,503 794,962 874,424 1,189,887 1,207,170 2,100,000 57.5% Parking Citations 946,899 855,908 1,046,820 1,129,931 684,797 1,071,655 2,175,000 49.3% Interest Earnings 524,634 533,614 316,614 312,179 818,683 814,105 1,375,000 59.2% Building Plan Check Fees 1,068,218 1,004,689 1,083,939 881,853 931,824 1,152,443 1,837,500 62.7% Total Major Revenue Accounts $23,746,492 $21,633,434 $26,030,040 $27,901,636 $30,259,870 $28,824,553 $78,141,138 36.9% Over/(Under) Prior Year (2,113,058) 4,396,605 1,871,597 2,358,233 (1,435,317) Percent Change From Prior Year (8.9%) 20.3% 7.2% 8.5% (4.7%) Other Revenues* 9,334,680 7,280,204 8,589,686 11,365,348 12,914,801 $12,636,474 21,308,870 59.3% Total General Fund Revenues $33,081,172 $28,913,638 $34,619,725 $39,266,984 $43,174,671 $41,461,026 $99,450,008 41.7% * 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 2025 General Fund Major Revenue Trends
Year-To-Date Actuals FY 2025
December 31, 2024
$0 $4,000,000 $8,000,000 $12,000,000 $16,000,000
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
December 31, 2024
Fiscal Year 2025
Fiscal Year 2024
General Fund Major Revenue Sources
$3 $4 $5 $6 $7
Percent of Year
50.0%
-
* 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 December Year-Over-Year
$0
$1,500,000
$3,000,000
$4,500,000
$6,000,000
2020 2021 2022 2023 2024 2025
Sales & Use Tax*
$0
$4,000,000
$8,000,000
$12,000,000
$16,000,000
2020 2021 2022 2023 2024 2025
Property Taxes
$0
$1,000,000
$2,000,000
$3,000,000
$4,000,000
2020 2021 2022 2023 2024 2025
Hotel Transient Occupancy Tax
(TOT)*
$0
$300,000
$600,000
$900,000
$1,200,000
2020 2021 2022 2023 2024 2025
Business License Tax
$0
$200,000
$400,000
$600,000
$800,000
2020 2021 2022 2023 2024 2025
Real Estate Transfer Tax
$0
$350,000
$700,000
$1,050,000
$1,400,000
2020 2021 2022 2023 2024 2025
Building Permits
$0
$300,000
$600,000
$900,000
$1,200,000
2020 2021 2022 2023 2024 2025
Parking Citations
$0
$250,000
$500,000
$750,000
$1,000,000
2020 2021 2022 2023 2024 2025
Interest Earnings
$0
$300,000
$600,000
$900,000
$1,200,000
2020 2021 2022 2023 2024 2025
Building Plan Check Fees
$0
$175,000
$350,000
$525,000
$700,000
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. (396) 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. 1,717,735 100-21410 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. 14,985 100-21404 Neighborhood Watch Deposits 1997 Property that is forfeited permanently and goes to auction. The funds are deposited for various Neighborhood Watch uses. 20,769 100-21407 Equipment Deposits 1997 Funded through donations. Used for Various Special Equipment. 25,878 100-21412 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.
47,169
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.
51,289
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.). 612,118 100-21608 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.
84,336
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. 15,900
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.
108,868
100-21311 Time Warner PEG Deposit 1997 Public, Education, and Governmental Access. MBtv (city government cablecast and webcast) capital expenditures, repairs and upgrades.
$ 50,429
100-21312 Verizon PEG Deposit 2007 Public, Education, and Governmental Access. MBtv (city government cablecast and webcast) capital expenditures, repairs and upgrades.
208,275
Total $ 3,293,341
Information Technology
Balance Sheet Accounts
As of December 31, 2024
Parks & Recreation
Police
Fire
Community Development