City of Manhattan Beach
Finance Department
Month End Report
February 2025
Fiscal Year 2024-2025
% of Year
66.7%
Dept Original Budget Adjusted YTD YTD Available %
No. Budget Adjustments1 Budget Expenditures Encumbrances Budget Used Management Services 11 $5,192,028 ($91,211) $5,100,817 $3,376,733 $221,455 $1,502,628 70.5% Finance 12 4,333,794 419,045 4,752,839 2,818,714 157,505 1,776,620 62.6% Human Resources 13 2,032,287 214,111 2,246,398 1,631,215 26,459 588,725 73.8% Parks and Recreation 14 10,575,180 122,062 10,697,242 6,999,368 458,822 3,239,052 69.7% Police 15 38,223,846 336,099 38,559,945 25,368,627 402,124 12,789,194 66.8% Fire 16 17,732,501 2,049,757 19,782,258 13,683,325 59,206 6,039,727 69.5% Community Development 17 8,228,911 187,522 8,416,433 4,963,149 164,474 3,288,811 60.9% Public Works 18 12,166,344 233,133 12,399,477 7,748,535 705,390 3,945,552 68.2% Information Technology 19 - - - - - - - $98,484,891 $3,470,518 $101,955,409 $66,589,665 $2,195,434 $33,170,309 67.5% 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 2025 General Fund Expenditures by Department As of February 28, 2025
Current Year Activity
% of Year
66.7%
Adjusted Adjusted
Fund Budget YTD % Budget %
No. Revenues Revenues Realized Expenditures Expenditures Encumbrances Utilized* General Fund 100 $101,428,659 $58,755,162 57.9% $101,955,409 $66,589,665 $2,195,434 67.5% Street Lighting & Landscaping Fund 201 390,985 226,504 57.9% 726,173 307,281 3,008 42.7% Gas Tax Fund 205 2,082,844 1,300,090 62.4% 5,931,208 208,778 925,716 19.1% Asset Forfeiture Fund 210 41,800 49,260 117.8% 148,000 69,250 - 46.8% Police Safety Grants Fund 211 189,000 218,332 115.5% 373,032 178,248 - 47.8% Grants Fund 220 6,955,849 157,074 2.3% 6,919,849 174,050 19,583 2.8% Prop A Fund 230 988,594 655,314 66.3% 1,276,148 930,719 - 72.9% Prop C Fund 231 7,830,351 615,238 7.9% 7,770,058 188,480 214,935 5.2% AB 2766 Fund 232 47,500 35,743 75.2% 273,428 1,989 - 0.7% Measure R Fund 233 1,513,142 450,003 29.7% 3,643,478 46,464 287,861 9.2% Measure M Fund 234 19,952,149 416,043 2.1% 20,120,114 252,634 1,492,095 8.7% Measure W Fund 240 28,133,779 85,845 0.3% 28,071,967 110,356 2,173,977 8.1% Capital Improvements Fund 401 2,114,453 1,224,243 57.9% 12,161,762 2,664,095 679,881 27.5% Bond Construction Fund 402 - 42,914 - 60 241 - 401.7% Underground Assessment District Construction 403 - 120,029 - 1,170,556 58,985 38,500 8.3% Water Fund 501 16,832,770 12,872,186 76.5% 25,951,099 11,161,313 2,044,377 50.9% Storm Drain Fund 502 2,227,340 1,378,837 61.9% 7,422,250 1,745,553 1,361,119 41.9% Sewer Fund 503 4,273,070 3,686,453 86.3% 21,249,581 1,927,532 5,574,593 35.3% Parking Fund 520 4,387,700 2,918,557 66.5% 6,452,207 2,624,575 528,840 48.9% County Parking Lots Fund 521 1,111,200 712,483 64.1% 956,940 251,071 27,067 29.1% State Pier & Parking Lot Fund 522 870,500 582,431 66.9% 1,650,197 535,753 387,553 56.0% Insurance Reserve Fund 601 9,223,980 6,070,887 65.8% 10,886,625 8,649,100 97,278 80.3% Information Technology Fund 605 4,660,060 3,107,542 66.7% 5,946,980 3,012,395 446,823 58.2% Fleet Management Fund 610 3,334,359 1,920,421 57.6% 5,939,024 1,334,938 1,152,467 41.9% Building Maintenance & Operation Fund 615 2,732,659 1,650,520 60.4% 3,018,931 1,690,248 246,373 64.1% Underground Assessment Fund 2018 Refunding 710 714,150 342,291 47.9% 716,425 703,875 - 98.2% Underground Assessment Fund 19-12 & 19-14 711 606,106 382,994 63.2% 608,057 595,277 - 97.9% Underground Assessment Fund 19-4 712 337,613 93,220 27.6% 337,793 327,325 - 96.9% City Pension Fund 801 206,188 358 0.2% 207,666 135,366 - 65.2% Section 115 Fund 804 100,000 199,214 199.2% 1,021,059 991,015 - 97.1% $223,286,801 $100,270,186 44.9% $282,906,076 $107,466,572 $19,897,479 45.0% *Includes Encumbered Amounts
Year-to-Date
As of February 28, 2025
Fiscal Year 2025 Statement of Revenues & Expenditures
City of Manhattan Beach
Current Year Activity
% of Year
66.7%
Fund Original Budget Adjusted Year-to-Date Unrealized % No. Budget Adjustments Budget Actuals Amount Realized
General Fund 100 $98,993,155 2,435,504 $101,428,659 $58,755,162 $42,673,497 57.9% Street Lighting & Landscaping Fund 201 390,985 - 390,985 226,504 164,481 57.9% Gas Tax Fund 205 1,935,943 146,901 2,082,844 1,300,090 782,754 62.4% Asset Forfeiture Fund 210 41,800 - 41,800 49,260 (7,460) 117.8% Police Safety Grants Fund 211 189,000 - 189,000 218,332 (29,332) 115.5% Grants Fund 220 5,320,000 1,635,849 6,955,849 157,074 6,798,775 2.3% Prop A Fund 230 988,594 - 988,594 655,314 333,280 66.3% Prop C Fund 231 802,856 7,027,495 7,830,351 615,238 7,215,114 7.9% AB 2766 Fund 232 47,500 - 47,500 35,743 11,757 75.2% Measure R Fund 233 964,892 548,250 1,513,142 450,003 1,063,139 29.7% Measure M Fund 234 6,510,878 13,441,271 19,952,149 416,043 19,536,107 2.1% Measure W Fund 240 411,500 27,722,279 28,133,779 85,845 28,047,934 0.3% Capital Improvements Fund 401 1,714,302 400,151 2,114,453 1,224,243 890,210 57.9% Bond Construction Fund 402 - - - 42,914 (42,914) - Underground Assessment District Construction 403 - - - 120,029 (120,029) - Water Fund 501 16,832,770 - 16,832,770 12,872,186 3,960,584 76.5% Storm Drain Fund 502 2,227,340 - 2,227,340 1,378,837 848,503 61.9% Sewer Fund 503 4,273,070 - 4,273,070 3,686,453 586,617 86.3% Parking Fund 520 4,387,700 - 4,387,700 2,918,557 1,469,143 66.5% County Parking Lots Fund 521 1,111,200 - 1,111,200 712,483 398,717 64.1% State Pier & Parking Lot Fund 522 870,500 - 870,500 582,431 288,069 66.9% Insurance Reserve Fund 601 9,223,980 - 9,223,980 6,070,887 3,153,093 65.8% Information Technology Fund 605 4,660,060 - 4,660,060 3,107,542 1,552,518 66.7% Fleet Management Fund 610 3,334,359 - 3,334,359 1,920,421 1,413,938 57.6% Building Maintenance & Operation Fund 615 2,732,659 - 2,732,659 1,650,520 1,082,139 60.4% Underground Assessment Fund 2018 Refunding 710 714,150 - 714,150 342,291 371,859 47.9% Underground Assessment Fund 19-12 & 19-14 711 606,106 - 606,106 382,994 223,112 63.2% Underground Assessment Fund 19-4 712 337,613 - 337,613 93,220 244,393 27.6% City Pension Fund 801 206,188 - 206,188 358 205,830 0.2% Section 115 Fund 804 100,000 - 100,000 199,214 (99,214) 199.2% $169,929,100 $53,357,701 $223,286,801 $100,270,186 $123,016,615 44.9% City of Manhattan Beach
Fiscal Year 2025 Citywide Revenues
As of February 28, 2025
Current Year Activity
% of Year
66.7%
Fund Original Budget Adjusted Available %
No. Budget Adjustments* Budget Actuals Encumbrances Budget Utilized** General Fund 100 $98,484,891 $3,470,518 $101,955,409 $66,589,665 $2,195,434 $33,170,309 67.5% Street Lighting & Landscaping Fund 201 704,331 21,842 726,173 307,281 3,008 415,884 42.7% Gas Tax Fund 205 2,075,138 3,856,070 5,931,208 208,778 925,716 4,796,714 19.1% Asset Forfeiture Fund 210 78,000 70,000 148,000 69,250 - 78,750 46.8% Police Safety Grants Fund 211 215,000 158,032 373,032 178,248 - 194,784 47.8% Grants Fund 220 5,320,000 1,599,849 6,919,849 174,050 19,583 6,726,216 2.8% Prop A Fund 230 769,417 506,731 1,276,148 930,719 - 345,429 72.9% Prop C Fund 231 1,060,138 6,709,920 7,770,058 188,480 214,935 7,366,642 5.2% AB 2766 Fund 232 673 272,755 273,428 1,989 - 271,439 0.7% Measure R Fund 233 2,470,138 1,173,340 3,643,478 46,464 287,861 3,309,154 9.2% Measure M Fund 234 6,218,138 13,901,976 20,120,114 252,634 1,492,095 18,375,385 8.7% Measure W Fund 240 100,000 27,971,967 28,071,967 110,356 2,173,977 25,787,633 8.1% Capital Improvements Fund 401 5,554,068 6,607,694 12,161,762 2,664,095 679,881 8,817,785 27.5% 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 6,800,968 25,951,099 11,161,313 2,044,377 12,745,410 50.9% Storm Drain Fund 502 2,613,335 4,808,915 7,422,250 1,745,553 1,361,119 4,315,578 41.9% Sewer Fund 503 8,305,857 12,943,724 21,249,581 1,927,532 5,574,593 13,747,456 35.3% Parking Fund 520 4,290,885 2,161,322 6,452,207 2,624,575 528,840 3,298,792 48.9% County Parking Lots Fund 521 890,901 66,039 956,940 251,071 27,067 678,802 29.1% State Pier & Parking Lot Fund 522 935,275 714,922 1,650,197 535,753 387,553 726,891 56.0% Insurance Reserve Fund 601 9,370,892 1,515,733 10,886,625 8,649,100 97,278 2,140,247 80.3% Information Technology Fund 605 5,428,569 518,411 5,946,980 3,012,395 446,823 2,487,762 58.2% Fleet Management Fund 610 4,930,447 1,008,577 5,939,024 1,334,938 1,152,467 3,451,619 41.9% Building Maintenance & Operation Fund 615 2,732,659 286,272 3,018,931 1,690,248 246,373 1,082,311 64.1% Underground Assessment Fund 2018 Refunding 710 716,425 - 716,425 703,875 - 12,550 98.2% Underground Assessment Fund 19-12 & 19-14 711 608,057 - 608,057 595,277 - 12,780 97.9% Underground Assessment Fund 19-4 712 337,793 - 337,793 327,325 - 10,468 96.9% City Pension Fund 801 207,666 - 207,666 135,366 - 72,300 65.2% Section 115 Fund 804 1,021,059 - 1,021,059 991,015 - 30,044 97.1% $184,589,883 $98,316,193 $282,906,076 $107,466,572 $19,897,479 $155,542,024 45.0% *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 February 28, 2025
Current Year Activity
$3 $4 $5 $6 $7
Percent of Year
66.7%
Major Revenue Accounts 2020 2021 2022 2023 2024 2025 Adj Budget Realized Property Taxes $18,980,112 $20,095,655 $21,132,174 $22,819,581 $23,792,958 $24,935,382 $44,688,638 55.8% Sales & Use Tax* 6,725,100 5,350,001 7,159,474 7,656,325 7,768,432 5,760,946 11,350,000 50.8% Hotel Transient Occupancy Tax (TOT)* 3,179,152 1,291,829 3,302,243 4,211,561 4,987,710 4,112,970 7,415,000 55.5% Short Term Rental TOT* 5,450 - - 100,230 728,434 1,220,634 1,200,000 101.7% Business License Tax 881,444 895,000 1,328,614 1,229,978 1,651,882 593,806 5,503,651 10.8% Real Estate Transfer Tax 640,128 619,418 874,561 387,668 388,213 549,731 800,000 68.7% Building Permits 1,251,351 937,823 1,209,604 1,082,844 1,434,609 1,560,060 2,100,000 74.3% Parking Citations 1,199,203 1,028,983 1,334,320 1,482,419 940,764 1,382,563 2,175,000 63.6% Interest Earnings 696,734 588,488 397,953 533,504 1,095,387 1,020,618 1,375,000 74.2% Building Plan Check Fees 1,255,936 1,354,230 1,461,677 1,180,559 1,134,650 1,516,905 1,837,500 82.6% Total Major Revenue Accounts $34,814,609 $32,161,427 $38,200,619 $40,684,670 $43,923,039 $42,653,614 $78,444,789 54.4% Over/(Under) Prior Year (2,653,182) 6,039,192 2,484,051 3,238,369 (1,269,425) Percent Change From Prior Year (7.6%) 18.8% 6.5% 8.0% (2.9%) Other Revenues* 12,008,390 9,031,488 11,635,177 14,066,939 16,543,083 $16,101,548 22,983,870 70.1% Total General Fund Revenues $46,822,999 $41,192,915 $49,835,797 $54,751,609 $60,466,122 $58,755,162 $101,428,659 57.9% * 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
February 28, 2025
$0 $6,250,000 $12,500,000 $18,750,000 $25,000,000
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
February 28, 2025
Fiscal Year 2025
Fiscal Year 2024
General Fund Major Revenue Sources
$3 $4 $5 $6 $7
Percent of Year
66.7%
-
* 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-To-Date General Fund Trends
Through February Year-Over-Year
$0
$2,000,000
$4,000,000
$6,000,000
$8,000,000
2020 2021 2022 2023 2024 2025
Sales & Use Tax*
$0
$6,250,000
$12,500,000
$18,750,000
$25,000,000
2020 2021 2022 2023 2024 2025
Property Taxes
$0
$1,250,000
$2,500,000
$3,750,000
$5,000,000
2020 2021 2022 2023 2024 2025
Hotel Transient Occupancy Tax
(TOT)*
$0
$425,000
$850,000
$1,275,000
$1,700,000
2020 2021 2022 2023 2024 2025
Business License Tax
$0
$250,000
$500,000
$750,000
$1,000,000
2020 2021 2022 2023 2024 2025
Real Estate Transfer Tax
$0
$400,000
$800,000
$1,200,000
$1,600,000
2020 2021 2022 2023 2024 2025
Building Permits
$0
$375,000
$750,000
$1,125,000
$1,500,000
2020 2021 2022 2023 2024 2025
Parking Citations
$0
$300,000
$600,000
$900,000
$1,200,000
2020 2021 2022 2023 2024 2025
Interest Earnings
$0
$400,000
$800,000
$1,200,000
$1,600,000
2020 2021 2022 2023 2024 2025
Building Plan Check Fees
$0
$325,000
$650,000
$975,000
$1,300,000
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. 19,604 100-21706 Recreation Sponsorships 2017 Sponsorship revenue/expenses for other programs. 35,750 802-21708 Public Arts Fund 2003 Funded through a portion of development fees. Used to fund Public Art. 1,699,754 100-21410 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. 27,920 100-21407 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.
47,369
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.
53,300
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.). 622,815 100-21608 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.
86,632
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. 16,597
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.
137,802
100-21311 Time Warner PEG Deposit 1997 Public, Education, and Governmental Access. MBtv (city government cablecast and webcast) capital expenditures, repairs and upgrades.
$ 65,167
100-21312 Verizon PEG Deposit 2007 Public, Education, and Governmental Access. MBtv (city government cablecast and webcast) capital expenditures, repairs and upgrades.
206,067
Total $ 3,364,878
Information Technology
Balance Sheet Accounts
As of February 28, 2025
Parks & Recreation
Police
Fire
Community Development