FY 2026 Quarter 1 Actuals
General Fund - Revenues & Expenditures by Category
FY 2026 FY 2026 FY 2026 Percent FY 2025
General Fund Revenues Original Budget Revised Budget Quarter 1 Realized Quarter 1 Variance Key Revenues
Property Tax $47,018,618 $47,018,618 $961,659 2.0% $938,608 $23,051 Sales & Use Tax 11,440,000 11,440,000 839,999 7.3% 1,047,716 (207,716) Local Transaction and Use Tax 5,943,000 5,943,000 347,280 5.8% - 347,280 Hotel Transient Occupancy Tax (TOT) 7,682,000 7,682,000 1,487,613 19.4% 1,647,417 (159,804) Short-Term Rental TOT 1,367,000 1,367,000 229,520 16.8% 256,456 (26,935) Business License Tax 5,850,000 5,850,000 385,815 6.6% 323,500 62,315 Real Estate Transfer Tax 850,000 850,000 187,239 22.0% 91,364 95,875 Building Permits 2,557,433 2,557,433 636,087 24.9% 566,819 69,269 Parking Citations 2,741,865 2,741,865 503,467 18.4% 410,647 92,820 Interest Earnings 1,484,313 1,484,313 329,201 22.2% 560,894 (231,693) Building Plan Check Fees 2,000,000 2,000,000 1,007,449 50.4% 575,996 431,453 Subtotal Key Revenues $88,934,229 $88,934,229 $6,915,330 7.8% $6,419,415 $495,915 Remaining Revenues by Category
Other Taxes & Assessments $1,781,600 $1,781,600 ($7,213) (0.4%) $40,561 ($47,774) Revenue from Permits 1,284,894 1,284,894 286,294 22.3% 287,792 (1,498) Fines 195,078 195,078 61,953 31.8% 37,263 24,690
Interest & Rents 4,106,130 4,106,130 560,772 13.7% 469,338 91,435 From Other Governments 315,190 315,190 113,483 36.0% 5,064 108,419 Service Charges 9,106,871 9,106,871 3,492,758 38.4% 3,434,267 58,491 Operating Service Transfers 5,533,136 5,533,136 1,224,571 22.1% 1,046,156 178,415 Miscellaneous 941,500 941,500 218,892 23.2% 311,410 (92,518) Subtotal Other Revenues $23,264,399 $23,264,399 $5,951,510 25.6% $5,631,851 $319,659 General Fund Revenues $112,198,628 $112,198,628 $12,866,840 11.5% $12,051,266 $815,574 Unrealized Investment Gain/(Loss) - - ($53,539) - $1,141,441 ($1,194,979) Bond Proceeds $13,221,000 $16,846,807 $16,649,819 98.8% - $16,649,819 * Total General Fund Revenues $125,419,628 $129,045,435 $29,463,121 22.8%$13,192,707 $16,270,414 *FY 2026 inlcudes one-time bond proceeds to reimburse the General Fund balance for the acquisition of 400 Manhattan Beach Boulevard and Public Safety Radios.
FY 2026 FY 2026 FY 2026 Percent FY 2025
General Fund Expenditure Original Budget Revised Budget Quarter 1 Utilized Quarter 1 Variance Salary & Wages $45,980,159 $45,980,159 $10,832,461 23.6% $10,652,671 $179,789 Employee Benefits 17,083,678 17,083,678 4,053,755 23.7% 3,911,503 142,252 Contract & Professional Services 14,768,581 16,391,979 3,427,826 20.9% 3,720,430 (292,604) Materials & Services 4,972,935 5,053,116 1,073,378 21.2% 1,062,330 11,048 Utilities 1,754,711 1,754,711 316,928 18.1% 330,249 (13,320) Internal Service Charges 15,297,279 15,297,279 3,544,078 23.2% 2,963,800 580,278 Property & Equipment 74,400 371,768 1,704 0.5% 193,779 (192,075) Bond Debt 5,635,352 5,677,102 61,617 1.1% - 61,617
Transfers Out 13,134 13,134 - - - -
General Fund Expenditures $105,580,229 $107,622,926 $23,311,747 21.7% $22,834,761 $476,985 Public Safety Radio Replacements - 3,438,082 3,413,377 99.3% - 3,413,377 Total General Fund Expenditures $105,580,229 $111,061,008 $26,725,124 24.1%$22,834,761 $3,890,362 7 7
FY 2026 FY 2026 FY 2026 FY 2025
Original Budget Revised Budget Quarter 1 Quarter 1 Variance Total Revenues $112,198,628 $112,198,628 $12,866,840 $12,051,266 $815,574 Total Expenditures 105,580,229 107,622,926 23,311,747 22,834,761 476,985 $6,618,399 $4,575,702 ($10,444,907) ($10,783,496) $338,589 **Excluding Revenues for Unrealized Investment Gain/(Loss) and One-time Bond Proceeds and Expenditures for Purchase of Public Safety Radios.
General Fund Revenue &
Expenditure Summary**