C ITY OF B UDGET
REDONDO BEACH FY 2022-23
+ - + - +
Fund
Estimated Fund
Balances July 1,
2022
Proposed Revenues
2022-23
City Manager
Recommended
Revenues
Total Proposed
Revenues 2022-
23 Proposed
Expenditures 2022-
23 City Manager
Recommended
Expenditures
Total Proposed
Expenditures 2022-
23 Transfers In Transfers Out
Estimated Fund
Balances June 30,
2023
General Fund 11,078,523 99,613,990 1,302,053 100,916,042 99,249,950 9,958,897 109,208,847 1,750,927 2,721,844 1,814,801 State Gas Tax 1,018,427 3,475,852 - 3,475,852 1,563,243 1,790,000 3,353,243 - - 1,141,035 Storm Drain Improvement 146,113 30,000 - 30,000 - - - - - 176,113 Street Landscaping & Lighting - 1,530,600 50,000 1,580,600 2,597,707 50,000 2,647,707 1,067,107 - - Local Transportation Article 3 (8,763) 62,594 - 62,594 - 62,594 62,594 - - (8,763) Measure M 172,638 1,173,593 - 1,173,593 342 1,300,000 1,300,342 - - 45,889 Proposition A 1,244,912 1,651,996 - 1,651,996 - - - - 830,674 2,066,234 Proposition C 63,971 1,465,403 - 1,465,403 1,605 1,300,000 1,301,605 - - 227,769 Measure R 166,026 1,024,052 - 1,024,052 - 1,135,000 1,135,000 - - 55,078 Transit - 4,468,111 - 4,468,111 5,298,785 163,050 5,461,835 830,674 - (163,050) Measure W - 720,000 - 720,000 242,093 500,000 742,093 - - (22,093) Air Quality Improvement 144,545 90,000 - 90,000 72,793 - 72,793 - - 161,751 Intergovernmental Grants - 12,233,939 - 12,233,939 1,292,329 10,498,465 11,790,794 - - 443,145 Comm Develop Block Grant (291,771) 476,793 - 476,793 161,668 145,845 307,513 - - (122,491) Housing Authority 1,539,986 6,627,168 - 6,627,168 6,669,968 - 6,669,968 - - 1,497,186 Parks & Recreation Facilities (8,156) 31,500 - 31,500 - - - - - 23,344 Narcotic Forfeiture & Seizure 158,415 30,000 - 30,000 61,130 - 61,130 - - 127,285 Subdivision Park Trust 429,876 1,162,500 - 1,162,500 - 530,000 530,000 - - 1,062,376 Disaster Recovery 208,048 51,000 - 51,000 17,060 - 17,060 - - 241,988 CalPERS Reserve 5,105,721 - - - - - - - - 5,105,721
Capital Projects 2,237,793 491,370 - 491,370 174,619 3,214,021 3,388,640 812,381 - 152,904 Major Facilities Reconstruction 20,714 - - - - - - - - 20,714 Open Space Acquisition 1,100,120 - - - - - - - - 1,100,120 Harbor Tidelands 11,023,105 6,547,997 15,781 6,563,778 6,906,996 3,187,611 10,094,608 - 100,189 7,392,086 Harbor Uplands 4,719,900 5,840,200 15,780 5,855,980 4,307,982 1,768,098 6,076,081 - 1,650,738 2,849,062 Solid Waste 2,265,338 6,056,272 535,594 6,591,866 5,639,324 535,664 6,174,988 4,000 - 2,686,216 Wastewater 8,838,733 5,871,641 - 5,871,641 3,526,060 4,825,993 8,352,053 - - 6,358,321 Self-Insurance Program (7,897,673) 6,510,854 - 6,510,854 7,324,206 - 7,324,206 - - (8,711,025) Vehicle Replacement 7,205,043 3,355,361 - 3,355,361 2,057,733 2,322,916 4,380,649 - - 6,179,755 Building Occupancy 3,568,862 6,864,757 - 6,864,757 3,322,430 20,000 3,342,430 - - 7,091,189 Information Technology 1,588,624 4,246,821 - 4,246,821 3,282,779 386,245 3,669,024 - - 2,166,421 Emergency Communications 5,606,062 4,148,630 - 4,148,630 2,786,657 53,100 2,839,757 - - 6,914,935 Major Facilities Repair (234,096) 107,072 - 107,072 - - - - - (127,024) Total Before Adjustments 61,211,036 185,960,065 1,919,208 187,879,273 156,557,459 43,747,501 200,304,960 4,465,088 5,303,445 47,946,992 Less: Int Svc Fds/Overhead - (31,256,177) (31,256,177) (31,256,177) (31,256,177) - - - Total City 61,211,036 154,703,888 1,919,208 156,623,096 125,301,282 43,747,501 169,048,783 4,465,088 5,303,445 47,946,992 Community Financing Authority - 13,376,289 13,376,289 15,027,026 15,027,026 1,650,738 - - Successor Agency - 1,030,272 1,030,272 217,891 217,891 - 812,381 - Housing Successor Agency 3,791,411 217,891 217,891 429,000 429,000 - - 3,580,302 - -
Grand Total 65,002,447 169,328,340 1,919,208 171,247,548 140,975,199 43,747,501 184,722,700 6,115,826 6,115,826 51,527,294 ● The 8.33% "minimum contingency reserve" set by the City Council has already been removed from the beginning fund balance of the General Fund. ● Beginning fund balances of the Harbor Tidelands & Harbor Uplands Funds exclude capital assets such as the pier & the parking structures.
SUMMARY OF ESTIMATED REVENUES, EXPENDITURES, & ESTIMATED CHANGES IN FUND BALANCES AFTER CITY MANAGER RECOMMENDATIONS