City of Manhattan Beach
Finance Department
Month End Report
February 2026
Fiscal Year 2025-2026
$4 $5 $6 $7
Percent of Year
66.7%
Major Revenue Accounts 2021 2022 2023 2024 2025 2026 Adj Budget Realized Property Taxes $20,095,655 $21,132,174 $22,819,581 $23,792,958 $24,916,539 25,956,564 $47,376,731 54.8% Sales & Use Tax* 5,350,001 7,159,474 7,656,325 7,768,432 5,760,946 6,822,250 11,440,000 59.6% Local Transaction and Use Tax - - - - - 2,786,395 6,448,000 43.2% Hotel Transient Occupancy Tax (TOT)* 1,291,829 3,302,243 4,211,561 4,987,710 4,112,970 4,309,808 7,682,000 56.1% Short Term Rental TOT* - - 100,230 728,434 1,220,634 872,411 1,367,000 63.8% Business License Tax 895,000 1,328,614 1,229,978 1,651,882 593,806 1,094,307 5,850,000 18.7% Real Estate Transfer Tax 619,418 874,561 387,668 388,213 549,731 544,904 850,000 64.1% Building Permits 937,823 1,209,604 1,082,844 1,434,609 1,563,240 1,774,944 2,557,433 69.4% Parking Citations 1,028,983 1,334,320 1,482,419 940,764 1,382,563 1,709,463 2,618,159 65.3% Interest Earnings 588,488 397,953 533,504 1,095,387 1,020,618 858,860 1,484,313 57.9% Building Plan Check Fees 1,354,230 1,461,677 1,180,559 1,134,650 1,518,509 2,811,888 3,500,000 80.3% Total Major Revenue Accounts $32,161,427 $38,200,619 $40,684,670 $43,923,039 $42,639,556 49,541,793 $91,173,636 54.3% Over/(Under) Prior Year 6,039,192 2,484,051 3,238,369 (1,283,483) 6,902,237 Percent Change From Prior Year 18.8% 6.5% 8.0% (2.9%) 16.2% Other Revenues* 9,031,488 11,635,177 14,066,939 16,543,083 $16,015,861 $31,837,757 40,194,821 79.2% Total General Fund Revenues $41,192,915 $49,835,797 $54,751,609 $60,466,122 $58,655,416 $81,379,550 $131,368,457 61.9% * Accounting methodology change starting FY 2025 results in variances across key revenues. During Quarter 1, prior year revenues are accrued to the prior year and reversed in the new fiscal year. ** The Total General Fund Revenues in Quarter 1 of FY 2026 include one-time bond proceeds of $16.7 million associated with the Certificates of Participation for 400 MBB and Public Saftey Radios.
City of Manhattan Beach
Fiscal Year 2026 General Fund Major Revenue Trends
Year-To-Date Actuals FY 2026
February 28, 2026
$0 $5,000,000 $10,000,000 $15,000,000 $20,000,000 $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*
Local Transaction and Use Tax
Property Taxes
February 28, 2026
Fiscal Year 2026
Fiscal Year 2025
General Fund Major Revenue Sources
$3 $4 $5 $6 $7
Percent of Year
66.7%
-
City of Manhattan Beach
Fiscal Year 2026 General Fund Major Revenue Trends
February Year-Over-Year
* Accounting methodology change starting FY 2025 results in variances across key revenues. During Quarter 1, prior year revenues are accrued to the prior year and reversed in the new fiscal year.
$0
$2,000,000
$4,000,000
$6,000,000
$8,000,000
2022 2023 2024 2025 2026
Sales & Use Tax*
$0
$7,000,000
$14,000,000
$21,000,000
$28,000,000
2022 2023 2024 2025 2026
Property Taxes
$0
$1,300,000
$2,600,000
$3,900,000
$5,200,000
2022 2023 2024 2025 2026
Hotel Transient Occupancy Tax
(TOT)*
$0
$450,000
$900,000
$1,350,000
$1,800,000
2022 2023 2024 2025 2026
Business License Tax
$0
$250,000
$500,000
$750,000
$1,000,000
2022 2023 2024 2025 2026
Real Estate Transfer Tax
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
2022 2023 2024 2025 2026
Building Permits
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
2022 2023 2024 2025 2026
Parking Citations
$0
$300,000
$600,000
$900,000
$1,200,000
2022 2023 2024 2025 2026
Interest Earnings
$0
$750,000
$1,500,000
$2,250,000
$3,000,000
2022 2023 2024 2025 2026
Building Plan Check Fees
$0
$350,000
$700,000
$1,050,000
$1,400,000
2022 2023 2024 2025 2026
Short Term Rental TOT*
$0
$800,000
$1,600,000
$2,400,000
$3,200,000
2022 2023 2024 2025 2026
Local Transaction and Use Tax
% of Year
66.7%
Adjusted Adjusted
Fund Budget YTD % Budget %
No. Revenues Revenues Realized Expenditures Expenditures Encumbrances Utilized* General Fund 100 $131,368,457 $81,379,550 61.9% $122,665,916 $74,234,145 $1,868,888 62.0% Street Lighting & Landscaping Fund 201 533,696 251,771 47.2% 675,465 329,809 - 48.8% Gas Tax Fund 205 2,343,616 1,191,162 50.8% 7,220,880 927,696 400,587 18.4% Asset Forfeiture Fund 210 74,769 1,107,645 1481.4% 168,000 77,941 - 46.4% Police Safety Grants Fund 211 209,284 214,063 102.3% 311,680 116,355 50,872 53.7% Grants Fund 220 20,189,425 - - 20,189,425 - - - Prop A Fund 230 918,788 656,641 71.5% 1,431,253 482,283 230,504 49.8% Prop C Fund 231 7,719,179 565,050 7.3% 8,238,401 44,551 151,016 2.4% AB 2766 Fund 232 53,373 42,485 79.6% 262,812 448 - 0.2% Measure R Fund 233 1,351,576 391,405 29.0% 3,192,054 29,617 259,009 9.0% Measure M Fund 234 19,177,405 388,436 2.0% 20,821,064 1,312,731 15,939,579 82.9% Measure W Fund 240 17,578,857 443,681 2.5% 18,545,464 566,363 987,947 8.4% Capital Improvements Fund 401 6,105,804 871,539 14.3% 17,617,741 1,781,048 295,442 11.8% Bond Construction Fund 402 - 9,412 - 60 - - - Underground Assessment District Construction 403 57,096 32,450 56.8% 1,141,818 - 27,000 2.4% Water Fund 501 18,658,082 13,273,599 71.1% 27,255,575 10,933,505 1,386,588 45.2% Storm Drain Fund 502 2,756,328 1,356,653 49.2% 6,297,361 1,054,366 1,781,525 45.0% Sewer Fund 503 4,706,815 3,491,830 74.2% 23,592,271 3,546,627 12,505,332 68.0% Parking Fund 520 6,733,427 3,732,128 55.4% 9,723,685 2,235,986 353,856 26.6% County Parking Lots Fund 521 1,588,160 1,001,009 63.0% 1,457,347 276,214 22,782 20.5% State Pier & Parking Lot Fund 522 1,161,785 660,391 56.8% 1,918,359 676,979 131,896 42.2% Insurance Reserve Fund 601 10,116,300 6,653,786 65.8% 12,968,699 11,308,712 93,286 87.9% Information Technology Fund 605 6,425,946 3,878,148 60.4% 7,067,504 3,447,560 1,056,985 63.7% Fleet Management Fund 610 3,523,905 2,090,917 59.3% 4,784,746 1,810,982 120,852 40.4% Building Maintenance & Operation Fund 615 2,991,842 1,767,951 59.1% 3,068,874 1,855,950 164,462 65.8% Underground Assessment Fund 2018 Refunding 710 714,150 108,494 15.2% 509,025 496,825 - 97.6% Underground Assessment Fund 19-12 & 19-14 711 606,106 353,461 58.3% 604,907 591,906 - 97.9% Underground Assessment Fund 19-4 712 337,613 187,130 55.4% 338,143 333,425 - 98.6% City Pension Fund 801 213,343 (1) (0.0%) 213,115 137,742 - 64.6% Section 115 Fund 804 3,346,893 359,188 10.7% 1,856,902 1,856,902 - 100.0% $271,562,020 $126,459,973 46.6% $324,138,547 $120,466,670 $37,828,408 48.8% *Includes Encumbered Amounts
Year-to-Date
As of February 28, 2026
Fiscal Year 2026 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 $125,419,628 5,948,829 $131,368,457 $81,379,550 $49,988,906 61.9% Street Lighting & Landscaping Fund 201 391,003 142,693 533,696 251,771 281,925 47.2% Gas Tax Fund 205 2,098,759 244,857 2,343,616 1,191,162 1,152,454 50.8% Asset Forfeiture Fund 210 74,769 - 74,769 1,107,645 (1,032,876) 1481.4% Police Safety Grants Fund 211 209,284 - 209,284 214,063 (4,779) 102.3% Grants Fund 220 - 20,189,425 20,189,425 - 20,189,425 - Prop A Fund 230 918,788 - 918,788 656,641 262,147 71.5% Prop C Fund 231 777,139 6,942,040 7,719,179 565,050 7,154,129 7.3% AB 2766 Fund 232 53,373 - 53,373 42,485 10,888 79.6% Measure R Fund 233 610,433 741,143 1,351,576 391,405 960,172 29.0% Measure M Fund 234 654,628 18,522,777 19,177,405 388,436 18,788,968 2.0% Measure W Fund 240 4,519,201 13,059,656 17,578,857 443,681 17,135,176 2.5% Capital Improvements Fund 401 1,105,804 5,000,000 6,105,804 871,539 5,234,265 14.3% Bond Construction Fund 402 - - - 9,412 (9,412) - Underground Assessment District Construction 403 57,096 - 57,096 32,450 24,646 56.8% Water Fund 501 18,658,082 - 18,658,082 13,273,599 5,384,483 71.1% Storm Drain Fund 502 2,256,328 500,000 2,756,328 1,356,653 1,399,675 49.2% Sewer Fund 503 4,706,815 - 4,706,815 3,491,830 1,214,985 74.2% Parking Fund 520 6,283,427 450,000 6,733,427 3,732,128 3,001,299 55.4% County Parking Lots Fund 521 1,588,160 - 1,588,160 1,001,009 587,151 63.0% State Pier & Parking Lot Fund 522 1,161,785 - 1,161,785 660,391 501,394 56.8% Insurance Reserve Fund 601 10,116,300 - 10,116,300 6,653,786 3,462,514 65.8% Information Technology Fund 605 6,425,946 - 6,425,946 3,878,148 2,547,798 60.4% Fleet Management Fund 610 3,523,905 - 3,523,905 2,090,917 1,432,988 59.3% Building Maintenance & Operation Fund 615 2,991,842 - 2,991,842 1,767,951 1,223,891 59.1% Underground Assessment Fund 2018 Refunding 710 714,150 - 714,150 108,494 605,656 15.2% Underground Assessment Fund 19-12 & 19-14 711 606,106 - 606,106 353,461 252,645 58.3% Underground Assessment Fund 19-4 712 337,613 - 337,613 187,130 150,483 55.4% City Pension Fund 801 213,343 - 213,343 (1) 213,344 (0.0%) Section 115 Fund 804 100,000 3,246,893 3,346,893 359,188 2,987,705 10.7% $196,573,707 $74,988,313 $271,562,020 $126,459,973 $145,102,047 46.6% City of Manhattan Beach
Fiscal Year 2026 Citywide Revenues
As of February 28, 2026
Current Year Activity
% of Year
66.7%
Fund Original Budget Adjusted Available %
No. Budget Adjustments* Budget Actuals Encumbrances Budget Utilized** General Fund 100 $105,580,229 $17,085,687 $122,665,916 $74,234,145 $1,868,888 $46,562,883 62.0% Street Lighting & Landscaping Fund 201 675,465 - 675,465 329,809 - 345,656 48.8% Gas Tax Fund 205 2,262,690 4,958,190 7,220,880 927,696 400,587 5,892,597 18.4% Asset Forfeiture Fund 210 168,000 - 168,000 77,941 - 90,059 46.4% Police Safety Grants Fund 211 220,000 91,680 311,680 116,355 50,872 144,453 53.7% Grants Fund 220 - 20,189,425 20,189,425 - - 20,189,425 - Prop A Fund 230 1,431,253 - 1,431,253 482,283 230,504 718,466 49.8% Prop C Fund 231 685,664 7,552,737 8,238,401 44,551 151,016 8,042,834 2.4% AB 2766 Fund 232 673 262,139 262,812 448 - 262,364 0.2% Measure R Fund 233 379,753 2,812,301 3,192,054 29,617 259,009 2,903,429 9.0% Measure M Fund 234 1,534,832 19,286,232 20,821,064 1,312,731 15,939,579 3,568,754 82.9% Measure W Fund 240 4,107,744 14,437,720 18,545,464 566,363 987,947 16,991,154 8.4% Capital Improvements Fund 401 8,537,665 9,080,076 17,617,741 1,781,048 295,442 15,541,250 11.8% Bond Construction Fund 402 - 60 60 - - 60 - Underground Assessment District Construction 403 - 1,141,818 1,141,818 - 27,000 1,114,818 2.4% Water Fund 501 19,586,471 7,669,104 27,255,575 10,933,505 1,386,588 14,935,483 45.2% Storm Drain Fund 502 2,657,941 3,639,420 6,297,361 1,054,366 1,781,525 3,461,471 45.0% Sewer Fund 503 5,998,920 17,593,351 23,592,271 3,546,627 12,505,332 7,540,312 68.0% Parking Fund 520 8,185,111 1,538,574 9,723,685 2,235,986 353,856 7,133,843 26.6% County Parking Lots Fund 521 1,188,011 269,336 1,457,347 276,214 22,782 1,158,351 20.5% State Pier & Parking Lot Fund 522 702,081 1,216,278 1,918,359 676,979 131,896 1,109,483 42.2% Insurance Reserve Fund 601 11,897,119 1,071,580 12,968,699 11,308,712 93,286 1,566,701 87.9% Information Technology Fund 605 6,549,112 518,392 7,067,504 3,447,560 1,056,985 2,562,959 63.7% Fleet Management Fund 610 4,306,751 477,995 4,784,746 1,810,982 120,852 2,852,912 40.4% Building Maintenance & Operation Fund 615 2,956,895 111,979 3,068,874 1,855,950 164,462 1,048,461 65.8% Underground Assessment Fund 2018 Refunding 710 509,025 - 509,025 496,825 - 12,200 97.6% Underground Assessment Fund 19-12 & 19-14 711 604,907 - 604,907 591,906 - 13,001 97.9% Underground Assessment Fund 19-4 712 338,143 - 338,143 333,425 - 4,718 98.6% City Pension Fund 801 213,115 - 213,115 137,742 - 75,373 64.6% Section 115 Fund 804 1,856,902 - 1,856,902 1,856,902 - - 100.0% $193,134,472 $131,004,075 $324,138,547 $120,466,670 $37,828,408 $165,843,469 48.8% *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 2026 Citywide Expenditures
As of February 28, 2026
Current Year Activity
% of Year
66.7%
Dept Original Budget Adjusted YTD YTD Available %
No. Budget Adjustments1 Budget Expenditures Encumbrances Budget Used Management Services 11 $5,484,086 $492,198 $5,976,284 $3,424,322 $45,198 $2,506,764 58.1% Finance 12 5,014,140 340,673 5,354,813 3,318,834 174,540 1,861,439 65.2% Human Resources 13 2,438,873 376,459 2,815,332 1,510,065 25,325 1,279,942 54.5% Parks and Recreation 14 12,157,179 69,983 12,227,162 8,221,725 368,807 3,636,629 70.3% Police 15 40,371,162 3,407,601 43,778,763 30,004,841 374,052 13,399,871 69.4% Fire 16 18,591,849 1,310,810 19,902,659 13,540,911 2,168 6,359,579 68.0% Community Development 17 8,801,990 1,275,776 10,077,766 6,371,758 185,533 3,520,475 65.1% Public Works 18 12,720,950 922,602 13,643,552 7,841,690 693,265 5,108,597 62.6% Information Technology 19 - - - - - - - Non-Departmental ² 99 - 8,889,586 8,889,586 - - 8,889,586 - $105,580,229 $17,085,687 $122,665,916 $74,234,145 $1,868,888 $46,562,883 62.0% ¹ Budget Adjustments include City Council-approved adjustments during the current year and encumbrances carried forward from the prior year. ² Non-Departmental expenditures reflect transfers out to other Funds. Reclassification of Transfers was established during FY 2026 Mid-Year update.
City of Manhattan Beach
Fiscal Year 2026 General Fund Expenditures by Department As of February 28, 2026
Current Year Activity
Account Description Established Purpose Amount
Parks & Recreation
100-21501 Tree and Bench Donations 2003 Donations for trees & benches. $ 6,797 100-21705 Pumpkin Race 2013 Sponsorship revenue/expenses for Pumpkin Race. $ 27,422 100-21706 Recreation Sponsorships 2017 Sponsorship revenue/expenses for other programs. $ 35,862 802-21708 Public Arts Fund 2003 Funded through a portion of development fees. Used to fund Public Art. $ 1,660,946 Police
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. $ 36,246 100-21407 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.
$ 48,092
Fire
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.
$ 64,449
Community Development
100-21602 Tree Penalties for Illegal Removal 2018 Fines for illegally removed trees for the planting of new trees. $ 79,305 100-21601 General Plan Maintenance 2010 Surcharge taken from permits to fund updates for General Plan (i.e., Mobility Plan, Housing Element, Land Use, etc.). $ 683,716 100-21608 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.
$ 100,955
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. $ 9,638
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.
$ 140,381
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.
$ 415,324
Information Technology
100-21311 Time Warner PEG Deposit 1997 Public, Education, and Governmental Access. MBtv (city government cablecast and webcast) capital expenditures, repairs and upgrades.
$ 118,362
100-21312 Verizon PEG Deposit 2007 Public, Education, and Governmental Access. MBtv (city government cablecast and webcast) capital expenditures, repairs and upgrades.
$ 196,133
Total $ 3,762,194
Balance Sheet Accounts
As of February 28, 2026