Redondo Beach City Council
June 18, 2024

Budget Overview
Proposed FY 2024-25 Budget and Five-Year CIP
June 18, 2024
Budget Calendar Progress
May 21st
Budget &
CIP Hearing
Introduction
May 23rd
Planning
Commission
General Plan
Consistency
Review
May 29th
Public Works
&
Sustainability
Commission -
Review
May 30th
Budget &
Finance
Commission
- Review
June 4th
Budget & CIP
Hearing -
Operations
June 10th
Harbor
Commission
- Review
June 11th
Budget & CIP
Hearing
CIP
Program
Discussion
June 18th
Budget & CIP
Hearing
Adoption
Proposed FY 2024-25
Budget Response Reports
1 Budget Corrections 13 Beryl and Maria Avenue Intersection Upgrades
25 Redondo Union High School Traffic Flow
Improvement
37 Ito Family Park Dedication Plaque/
Monument Project Status
49 Beach Bike and Pedestrian Path
Maintenance
2 Median Irrigation and Plant
Replacement-Beryl & Diamond
14 Inglewood and 182nd Intersection
Upgrades
26 Signature Event Subsidies 38 Community Services Department Fee Comparison
50 General Fund Revenue Options
3 Grant Avenue Debris Collection 15 Traffic Enforcement Unit Staffing 27 Sworn Officer Staffing 39 Wilderness Park Master Plan 51 All Abilities Playground-Franklin Park 4 Perry Park Teen Center 16 General Obligation Bonds-City Facility Renovation & Reconstruction Costs
28 Civilian Officer Staffing 40 Blue Butterfly Habitat 52 City Street Sign Replacement 5 Catalina Avenue Median Improvements 17 Dale Page Park Playground 29 Residential Streets Traffic Enforcement and Safety
41 Harbor Department/ Harbor Patrol
Supervisor
53 Metro Litigation Funds
6 International Boardwalk Storefront
Improvement Program
18 Grant Avenue Repaving 30 Information Technology Replacement Program
42 Long Beach Prosecution Model Cost 54 Municipal Services Officers 7 Perry Park Basketball/ Pickleball Courts 19 Police and Waterfront and Economic Development Fee Increases
31 City Alleyway Repair 43 Parking Meter Program 55 Crossing Guard Staffing Costs 8 Pickleball Court Sound Mitigation 20 Ambulance Transport Rights 32 Aviation Park Pool Structure Removal 44 Police Department Master Fee Schedule 56 John Parsons Public Art Fund 9 Parking Meter Permit Fee Adjustment 21 Fire Station Renovations 33 Vehicle and Equipment Replacement Program
45 Short-term Vacation Rental 57 Parking Meter Holiday Ribbons 10 Teen Programs 22 Elections Costs 34 City Trees 46 Capital Projects Funds Restriction 11 Senior Lunch Programs 23 Hermosa Beach Fees - City Prosecutor 35 Redondo Beach Performing Arts Center Cultural and Entertainment Rental
Activity
47 Recreation Program: Part-time Staffing
12 Path of History Marker 24 Alta Vista Park Movie Nights 36 Commission Comments-FY 2024-25 Proposed Budget and CIP
48 Alta Vista Park Teen Recreation
Equipment
• Proposed Appropriations Before 63 Decision Packages
 $171.0 million Citywide
 $98.4 million General Fund
• Capital Budget
 $17.3 million new appropriations
 $82.7 million total funding
 125 projects
• Unallocated General Fund Balance with Decision Packages & Corrections in BRR #1  $69,304
• Reserves
 $8.0 million CalPERS reserve fund
 $8.6 million General Fund contingency reserve (8.33% operating budget) FY 2024-25 Proposed Budget Summary
General Fund Budget Summary
Estimated Beginning Fund Balance $ 4,264,254
Proposed Core Budget*
Revenues 116,503,013
Expenditures (114,320,546)
Unfunded Accrued Liability (UAL)
FY 2024-25 Payment (3,252,026)
Recommended Decision Packages-Ongoing
Revenues 1,353,789
Expenditures (1,185,161)
Recommended Decision Packages-One-Time
Expenditures (3,280,131)
Recommended CIP Allocation -
Estimated Year-End Fund Balance after Recommendations $83,191 Budget Response Report #1
Correction for negative budget entries (13,887)
Revised Estimated Year-End Fund Balance after Recommendations $ 69,304 * Proposed Core Budget figures include Transfers In ($4.2 million) and Transfers Out ($15.9 million) Recommended Actions
A. Open the Public Hearing
B. Take Testimony
C. Adopt the FY 2024-2025 Budget and Five-Year Capital Program