Fiscal Year 2022 - 2023
Adopted Adjusted Increase Actual Estimated Estimated Variance Variance 2022-2023 2022-2023 (Decrease) 2022-2023 Apr-Jun Year End $ %
GENERAL FUND
Taxes:
Property Tax 32,313,229 32,313,229 - 19,461,889 13,736,274 33,198,162 884,933 3% Property Tax in Lieu of VLF 9,094,480 9,094,480 - 4,607,293 4,326,574 8,933,867 (160,613) -2% Homeowners' Exemption 140,000 140,000 - 67,467 68,123 135,589 (4,411) -3% Sales and Use Tax 11,839,338 11,839,338 - 6,455,197 4,937,492 11,392,689 (446,649) -4% Property Tax Trust 300,000 300,000 - 389 25,264 25,653 (274,347) -91% Public Safety Aug. Fund 926,189 926,189 - 586,765 401,922 988,687 62,498 7% Utility Users' Tax 7,072,150 7,072,150 - 5,982,562 2,657,141 8,639,703 1,567,553 22% Transient Occupancy Tax 5,800,000 5,800,000 - 4,520,258 2,261,564 6,781,822 981,822 17% Franchise Fees 1,775,000 1,775,000 - 1,044,682 1,120,666 2,165,348 390,348 22% Business License Tax 1,271,042 1,271,042 - 1,100,247 226,155 1,326,402 55,360 4% Property Transfer Tax 3,000,000 3,000,000 - 1,459,854 1,441,065 2,900,919 (99,081) -3% Sub-total 73,531,428 73,531,428 - 45,286,603 31,202,240 76,488,843 2,957,415 4% Licenses and Permits:
Construction/Excavation Permits 1,719,900 1,719,900 - - - 1,719,900 - 0% Street/Curb/Parking Permits 68,500 68,500 - - - 68,500 - 0% Misc. Licenses/Permits 479,459 479,459 - - - 479,459 - 0% Sub-total 2,267,859 2,267,859 - - - 2,267,859 - 0%
Fines and Forfeitures:
Parking Citations 1,335,000 1,335,000 - 785,941 419,318 1,335,000 - 0% Vehicle Code Fines 95,000 95,000 - 108,540 24,623 95,000 - 0% Restitution 16,200 16,200 - 48,029 1,505 16,200 - 0%
Sub-total 1,446,200 1,446,200 - 942,511 445,446 1,446,200 - 0% Use of Money and Property:
Investment Earnings 750,000 750,000 - 817,729 377,333 750,000 - 0% Rents and Percentages 1,760,396 1,760,396 - 1,323,899 487,205 1,760,396 - 0% Sub-total 2,510,396 2,510,396 - 2,141,628 864,538 2,510,396 - 0% Intergovernmental:
Motor Vehicle/In-Lieu 30,000 30,000 - 72,000 - 30,000 - 0% SB90 State Mandated Cost Reimb. 30,000 30,000 - - 26,708 30,000 - 0% Other Intergovernmental Revenue 180,000 180,000 - 52,330 - 180,000 - 0% Sub-total 240,000 240,000 - 124,329 26,708 240,000 - 0% City of Redondo Beach
2022-2023 Midyear Revenue Adjustments
Exhibit B - Page 1
Exhibit B
Fiscal Year 2022 - 2023
Adopted Adjusted Increase Actual Estimated Estimated Variance Variance 2022-2023 2022-2023 (Decrease) 2022-2023 Apr-Jun Year End $ % City of Redondo Beach
2022-2023 Midyear Revenue Adjustments
Charges for Services:
Administrative Fees 89,100 89,100 - 94,140 34,678 89,100 - 0% Parking Meter Fees 2,500,000 2,500,000 - 2,001,670 783,988 2,500,000 - 0% Police Service Fees 277,000 277,000 - 280,616 183,344 277,000 - 0% Fire Service Fees 663,000 663,000 - 158,141 294,468 663,000 - 0% Library Book Fines and Fees 19,500 19,500 - 16,592 5,686 19,500 - 0% Recreation Users Pay 1,375,050 1,375,050 - 1,472,034 465,490 1,375,050 - 0% Planning Fees 325,000 325,000 - 146,921 56,713 325,000 - 0% Building and Engineering Fees 2,103,320 2,103,320 - 3,081,432 979,473 2,103,320 - 0% State Energy Fees 181,650 181,650 - 430,385 31,346 181,650 - 0% Other Building Fees 164,395 164,395 - 278,113 43,738 164,395 - 0% Public Works Fees 2,000 2,000 - - - 2,000 - 0%
Sub-total 7,700,015 7,700,015 - 7,960,043 2,878,923 7,700,015 - 0% Other Revenues:
Miscellaneous Revenue 2,260,025 2,260,025 - 334,226 1,816,360 2,260,025 - 0% Program Donations 127,141 127,141 - 87,579 28,207 127,141 - 0% Claims Settlement - - - - - - - 0%
Sub-total 2,387,166 2,387,166 - 421,806 1,844,567 2,387,166 - 0% REVENUE FROM OUTSIDE SOURCES 90,083,064 90,083,064 - 56,876,919 37,262,423 93,040,479 2,957,415 3% Internal Revenue:
Overhead Charges 10,036,226 10,036,226 - 6,689,369 3,037,727 9,727,096 (309,130) -3% Transfers In - - - - - - - 0%
Sub-total 10,036,226 10,036,226 - 6,689,369 3,037,727 9,727,096 (309,130) -3% TOTAL GENERAL FUND 100,119,290 100,119,290 - 63,566,288 40,300,150 102,767,575 2,648,285 3% Exhibit B - Page 2
Exhibit B