FY 2027 PROPOSED BUDGET
FINANCE AT-A-GLANCE
TOTAL CITYWIDE BUDGET CITYWIDE EXPENDITURES
Revenues $199.7 million Operating $165.6 million
Expenditures $210.6 million CIP & Equipment $22.3 million Debt Service SIl.2 million
Transfers (Non-Departmental) $Il.4 million
• Spending plan supports priorities of:
• Community feedback through the Budget Survey • Outstanding essential services • Public safety and emergency services • Improved infrastructure and maintenance
GENERAL FUND REVENUES GENERAL FUND EXPENDITURES
by Source by Department
Transient Parks &
Service Charges Occupancy Tax Recreation
$12,407,075 $9,257,200 $11,882,807
10.4% Local Transaction
Sales & Use 7.8% 9.2%
and Use Tax Public Works
Tax Fire
$12,542,152 $6,654,000 . $13,896,994
5.6% $22,469,934 10.8%
10.5% Business 17.5%
License Tax
$5,900,000
5.0% Community
Use of Money Development
& Property . $9,978,224
$5,611,100 7.8%
4.7%
Management
Transfers In Services
$5,408,748 - $5,695,533
4.5% 4.4%
Licenses Finance
& Permits $5,139,966
$5,361,462
4.5% 4.0%
Fines & Human Resource
Forfeitures $2,947,97
$2,987,078 2.3%
Property Taxes Other Taxes 2.5%
$49,562,999 $2.100,900 Police
41.6% 1.8% $45,419,467 Non-Departmental
Revenues
Other Govts $1,007,000 35.3% $11,285,654
$312.800 0.8% 8.8%
GENERAL FUND BUDGET QUICK FACTS
Revenues $119.1 million
Expenditures & Transfers $128.7 million FY 2027 Proposed Budget includes:
-
Use of Accumulated Reserves $9.6 million • Placeholder increases for employee MOUs • CPI increases for materials and services
• Budget & Technology Enhancements
GENERAL FUND BUDGET - ONGOING • Year l of Proposed Five-Year Capital Improvement Plan Revenues $119.0 million • Reprioritized $1.3 million in expenditures to make way Expenditures $117.4 million for higher community priorities Operational Surplus $1.5 million
53% of General Fund Expenditures are allocated to public safety and emergency services, which includes an increase GENERAL FUND RESERVE PROJECTIONS AFTER FY 2027 of $6.0 million over the prior year 20% of Expenditures Policy $23.4 million
Notable Capital Improvement Projects funded in FY 2027:
Economic Uncertainty Reserve
• Facilities Structural Assessment Study
Unreserved Fund Balance $1.5 million • Mariposa Fitness Station Equipment Replacement *GOA Recommends 17% of Expenditures • Polliwog Park Historic "Red" House Roof Replacement • Outdoor Dining Project - Flex Spaces
• Slurry Seal and Street Resurfacing Projects
GRANT FUNDING - OVER $50 MILLION AWARDED • Future Project at 400 Manhattan Beach Boulevard • 26 Awarded Grants fund 23 projects or programs
• Sewer Master Plan Update
• 1 Grant Awarded and awaiting agreement • 2nd Street Booster Station Improvements • 2 Grant applications submitted and under consideration • Block 35 Elevated Tank Improvements
• 2 Grants are being reviewed for application
• Groundwater Well 15 Site Improvements