Redondo Beach City Council
February 18, 2025

Fund Adopted
Budget
Revised Budget
(prior to Midyear
Review)
Revised Budget (with
proposed Midyear
Changes)
Total Proposed
Changes
Increase / (Decrease)
Governmental Funds
100 - General Fund
Taxes
Property Tax 36,054,267 36,054,267 37,083,003 1,028,736 Property Tax in Lieu of VLF 8,933,867 8,933,867 10,045,976 1,112,109 Homeowners' Exemption 136,000 136,000 136,000 -
Sales and Use Tax 11,000,000 11,000,000 11,000,000 -
Property Tax Trust Fund - - - -
Public Safety Augmentation Fund 973,000 973,000 973,000 - Utility Users' Tax 8,500,000 8,500,000 8,500,000 -
Transient Occupancy Tax 8,281,822 8,281,822 8,281,822 - Franchise Fees 2,165,348 2,165,348 2,165,348 -
Business License Tax 1,326,402 1,326,402 1,326,402 -
Property Transfer Tax 2,300,919 2,300,919 2,300,919 -
Total Taxes 79,671,625 79,671,625 81,812,470 2,140,845
Licenses and Permits
Construction/Excavation Permits 2,169,794 2,169,794 2,169,794 - Street/Curb/Parking Permits 82,500 82,500 82,500 -
Miscellaneous Licenses/Permits 319,159 319,159 319,159 - Total Licenses and Permits 2,571,453 2,571,453 2,571,453 - Fines and Forfeitures
Parking Citations 1,409,922 1,409,922 1,409,922 -
Vehicle Code Fines 95,000 95,000 95,000 -
Restitution 15,892 15,892 15,892 -
Total Fines and Forfeitures 1,520,814 1,520,814 1,520,814 - Use of Money and Property
Investment Earnings 1,500,000 1,500,000 1,500,000 -
Rents and Percentages 1,911,107 1,911,107 1,875,043 (36,065) Total Use of Money and Property 3,411,107 3,411,107 3,375,043 (36,065) Intergovernmental
Motor Vehicle/In-Lieu 65,000 65,000 65,000 -
SB90 State Mandated Cost Reimbursement 30,000 30,000 30,000 - Other Intergovernmental Revenue 100,000 100,000 100,000 - Total Intergovernmental 195,000 195,000 195,000 -
City of Redondo Beach
Midyear Revenue Adjustments
Fiscal Year 2024 - 2025
Fund Adopted
Budget
Revised Budget
(prior to Midyear
Review)
Revised Budget (with
proposed Midyear
Changes)
Total Proposed
Changes
Increase / (Decrease)
City of Redondo Beach
Midyear Revenue Adjustments
Fiscal Year 2024 - 2025
Charges for Services
Administrative Fees 127,200 127,200 97,100 (30,100)
Parking Meter Fees 2,960,372 2,960,372 3,210,372 250,000 Police Service Fees 331,050 331,050 331,050 -
Fire Service Fees 524,500 524,500 724,500 200,000
Library Book Fines and Fees 20,500 20,500 20,500 -
Recreation Users Pay 3,129,285 3,129,285 2,769,589 (359,696) Planning Fees 325,000 325,000 325,000 -
Building and Engineering Fees 2,605,640 2,605,640 2,605,640 - State Energy Fees 263,245 263,245 263,245 -
Other Building Fees 316,299 316,299 316,299 -
Public Works Fees 5,336 5,336 5,336 -
Total Charges for Services 10,608,427 10,608,427 10,668,631 60,204 Other Revenues
Miscellaneous Revenue 2,307,153 2,307,153 2,307,153 -
Program Donations 220,510 267,683 267,683 -
Claims Settlement - - - -
Total Other Revenues 2,527,663 2,574,836 2,574,836 -
Total Revenue from Outside Sources 100,506,089 100,553,262 102,718,246 2,164,984 Internal Revenue
Overhead Charges 13,809,642 13,809,642 14,737,617 927,975 Transfers In 4,265,303 4,265,303 4,265,303 -
Total Internal Revenue 18,074,945 18,074,945 19,002,920 927,975 Total General Fund 118,581,034 118,628,207 121,721,166 3,092,959 Total General Fund without Transfers In 114,315,732 114,362,904 117,455,863 3,092,959 Special Revenue Funds
202 - State Gas Tax Fund
Use of Money and Property 25,000 25,000 25,000 -
Intergovernmental 3,711,193 3,711,193 3,731,941 20,748
Charges for Services 12,000 12,000 12,000 -
Other Revenues - - - -
Total State Gas Tax Fund 3,748,193 3,748,193 3,768,941 20,748 204 - Storm Drain Improvement Fund
Charges for Services 36,000 36,000 36,000 -
Total Storm Drain Improvement Fund 36,000 36,000 36,000 - 208 - Street Landscaping & Lighting District Fund
Charges for Services 1,530,600 1,530,600 1,530,600 -
Transfers In 1,125,701 1,125,701 1,125,701 -
Total Street Landscaping & Lighting District Fund 2,656,301 2,656,301 2,656,301 - Fund Adopted
Budget
Revised Budget
(prior to Midyear
Review)
Revised Budget (with
proposed Midyear
Changes)
Total Proposed
Changes
Increase / (Decrease)
City of Redondo Beach
Midyear Revenue Adjustments
Fiscal Year 2024 - 2025
210 - Local Transportation Article III Fund
Intergovernmental 70,249 70,249 70,249 -
Total Local Transportation Article III Fund 70,249 70,249 70,249 - 211 - Measure M Fund
Use of Money and Property 30,000 30,000 30,000 -
Intergovernmental 1,356,563 1,356,563 1,356,563 -
Total Measure M Fund 1,386,563 1,386,563 1,386,563 -
212 - Proposition A Fund
Use of Money and Property 30,000 30,000 30,000 -
Intergovernmental 1,924,059 1,924,059 1,924,059 -
Total Proposition A Fund 1,954,059 1,954,059 1,954,059 - 214 - Proposition C Fund
Use of Money and Property 120,000 120,000 120,000 -
Intergovernmental 1,595,956 1,595,956 1,595,956 -
Total Proposition C Fund 1,715,956 1,715,956 1,715,956 - 215 - Measure R Fund
Use of Money and Property 54,814 54,814 54,814 -
Intergovernmental 1,196,967 1,196,967 1,196,967 -
Total Measure R Fund 1,251,781 1,251,781 1,251,781 -
217 - Measure W Fund
Intergovernmental 710,000 710,000 710,000 -
Total Measure W Fund 710,000 710,000 710,000 -
218 - Air Quality Improvement Fund
Use of Money and Property 2,000 2,000 2,000 -
Intergovernmental 88,000 88,000 88,000 -
Total Air Quality Improvement Fund 90,000 90,000 90,000 - 230 - Intergovernmental Grants Fund
Intergovernmental 3,028,500 6,339,963 6,339,963 -
Total Intergovernmental Grants Fund 3,028,500 6,339,963 6,339,963 - 234 - Community Development Block Grant Fund
Intergovernmental 140,071 140,071 140,071 -
Total Community Development Block Grant Fund 140,071 140,071 140,071 - 238 - Housing Authority Fund
Other Revenues 838,987 838,987 838,987
Intergovernmental 7,794,657 8,898,597 8,898,597 -
Total Housing Authority Fund 8,633,644 9,737,584 9,737,584 - Fund Adopted
Budget
Revised Budget
(prior to Midyear
Review)
Revised Budget (with
proposed Midyear
Changes)
Total Proposed
Changes
Increase / (Decrease)
City of Redondo Beach
Midyear Revenue Adjustments
Fiscal Year 2024 - 2025
250 - Parks and Recreation Facilities Fund
Charges for Services 31,500 31,500 31,500 -
Total Parks and Recreation Facilities Fund 31,500 31,500 31,500 - 252 - Narcotic Forfeiture/Seizure Fund
Fines and Forfeitures 20,000 20,000 20,000 -
Use of Money and Property 10,000 10,000 10,000 -
Total Narcotic Foreiture/Seizure Fund 30,000 30,000 30,000 - 254 - Subdivision Park Trust Fund
Other Revenues 750,000 750,000 750,000 -
Total Subdivision Park Trust Fund 750,000 750,000 750,000 - 256 - Disaster Recovery Fund
Intergovernmental - - - -
Charges for Services - - - -
Other Revenues 19,788 19,788 19,788 -
Total Disaster Recovery Fund 19,788 19,788 19,788 -
Total Special Revenue Funds 26,252,605 30,668,008 30,688,756 20,748 Capital Projects Funds
300 - Capital Project Fund
Taxes - - - -
Charges for Services 349,341 349,341 349,341 -
Other Revenues - - - -
Transfers In 805,876 805,876 805,876 -
Total Capital Project Fund 1,155,217 1,155,217 1,155,217 - Total Capital Projects Funds 1,155,217 1,155,217 1,155,217 - Total Governmental Funds 145,988,856 150,451,432 153,565,139 3,113,707 Enterprise Funds
600 - Harbor Tidelands Fund
Fines and Forfeitures 7,200 7,200 7,200 -
Use of Money and Property 6,435,076 6,435,076 6,955,777 520,701 Charges for Services 931,000 931,000 931,000 -
Other Revenues 38,729 39,419 39,419 -
Total Harbor Tidelands Fund 7,412,005 7,412,695 7,933,395 520,701 601 - Harbor Uplands Fund
Fines and Forfeitures 15,300 15,300 15,300 -
Use of Money and Property 5,590,350 5,590,350 4,770,424 (819,926) Charges for Services 1,629,500 1,629,500 1,629,500 -
Other Revenues 200 200 200 -
Total Harbor Uplands Fund 7,235,350 7,235,350 6,415,424 (819,926) Fund Adopted
Budget
Revised Budget
(prior to Midyear
Review)
Revised Budget (with
proposed Midyear
Changes)
Total Proposed
Changes
Increase / (Decrease)
City of Redondo Beach
Midyear Revenue Adjustments
Fiscal Year 2024 - 2025
602 - Solid Waste Fund
Licenses and Permits 30,000 30,000 40,000 10,000
Intergovernmental 26,803 26,803 26,803 -
Charges for Services 6,841,259 6,841,259 6,957,665 116,406 Other Revenues 209,604 209,604 209,604 -
Total Solid Waste Fund 7,107,667 7,107,667 7,234,073 126,406 603 - Wastewater Fund
Use of Money and Property 300,000 300,000 300,000 -
Charges for Services 5,569,939 5,569,939 5,569,939 -
Other Revenues - - - -
Total Wastewater Fund 5,869,939 5,869,939 5,869,939 -
216 - Transit Fund
Intergovernmental 2,747,366 2,747,366 2,747,366 -
Charges for Services 297,317 297,317 297,317 -
Other Revenue - - - -
Transfers In 3,293,124 3,293,124 3,293,124 -
Total Transit Fund 6,337,807 6,337,807 6,337,807 -
Total Enterprise Funds 33,962,767 33,963,457 33,790,638 (172,819) Internal Service Funds
700 - Self-Insurance Program Fund
Charges for Services 9,301,086 9,301,086 10,089,680 788,594 Total Self-Insurance Program Fund 9,301,086 9,301,086 10,089,680 788,594 701 - Vehicle Replacement Fund
Charges for Services 4,893,316 4,893,316 5,052,525 159,209 Other Revenues 78,670 78,670 78,670 -
Total Vehicle Replacement Fund 4,971,986 4,971,986 5,131,195 159,209 702 - Building Occupancy Fund
Charges for Services 3,316,655 3,316,655 3,922,107 605,452 Total Building Occupancy Fund 3,316,655 3,316,655 3,922,107 605,452 703 - Information Technology Fund
Charges for Services 4,243,192 4,243,192 4,930,492 687,300 Total Information Technology Fund 4,243,192 4,243,192 4,930,492 687,300 705 - Emergency Communications Fund
Charges for Services 2,554,415 2,554,415 2,991,105 436,690 Total Emergency Communications Fund 2,554,415 2,554,415 2,991,105 436,690 707 - Major Facilities Repair Fund
Charges for Services 110,546 110,546 137,271 26,725
Total Major Facilities Repair Fund 110,546 110,546 137,271 26,725 Fund Adopted
Budget
Revised Budget
(prior to Midyear
Review)
Revised Budget (with
proposed Midyear
Changes)
Total Proposed
Changes
Increase / (Decrease)
City of Redondo Beach
Midyear Revenue Adjustments
Fiscal Year 2024 - 2025
Total Internal Service Funds 24,497,880 24,497,880 27,201,850 2,703,970 Total Proprietary Funds 58,460,647 58,461,337 60,992,488 2,531,151 Grand Total 204,449,504 208,912,770 214,557,627 5,644,858