Housing Successor of the City of Redondo Beach
Addendum to the Annual Progress Report
For Fiscal Year Ended June 30, 2024
1) The amount deposited to the Low and Moderate Income Housing Asset Fund, distinguishing any amounts deposited for items listed on the Recognized Obligation Payment Schedule from other amounts deposited.
The Housing Successor Fund received $470,828 in miscellaneous income as of June 30, 2024. None of these amounts were deposited for items listed on the Recognized Obligation Payment Schedule.
2) A statement of the balance in the fund as of the close of the fiscal year, distinguishing any amounts held for items listed on the Recognized Obligation Payment Schedule from other amounts.
The balance in the Housing Successor Fund as of June 30, 2024 was $3,928,382. $535,731 of which was held for items listed on the Recognized Obligation Payment Schedule. 3) A description of expenditures from the fund by category, including, but not limited to, expenditures
a. for monitoring and preserving the long-term affordability of units subject to affordability restrictions or covenants entered into by the redevelopment agency or the housing successor and administering the activities described in paragraphs (2) and (3) of subdivision (a),
The Fund's expenditures related to this category as of June 30, 2024 were $2,465 in administrative expenses and $450 in legal fee expenses. b. for homeless prevention and rapid re-housing services for the development of housing described in paragraph (2) of subdivision (a), and The Housing Successor Fund’s expenditures related to homeless prevention were $316,245 as of June 30, 2024.
c. for the development of housing pursuant to paragraph (3) of subdivision (a),
The Housing Successor Fund had no expenditures related to the development of housing as of June 30, 2024.
4) As described in paragraph (1) of subdivision (a), the statutory value of real property owned by the housing successor, the value of loans and grants receivable, and the sum of these two amounts.
The Housing Successor Fund owned real property with a statutory value of zero, as of June 30, 2024.
Addendum to the Annual
Progress Report
For the Fiscal Year Ended June 30, 2024
The value of loans and notes receivable in the Housing Successor Fund as of June 30, 2024 was $2,439,896.
The sum of the statutory value of real property and the value of loans and notes receivable is $2,439,896.
5) A description of any transfers made pursuant to paragraph (2) of subdivision (c) in the previous fiscal year and, if still unencumbered, in earlier fiscal years and a description of and status update on any project for which transferred funds have been or will be expended if that project has not yet been placed in service.
No transfers occurred pursuant to paragraph (2) of subdivision (c) in the previous fiscal year or earlier fiscal years in the Housing Successor Fund. 6) A description of any project for which the housing successor receives or holds property tax revenue pursuant to the Recognized Obligation Payment Schedule and the status of that project.
The Housing Successor Fund received no such property tax revenue as of June 30, 2024. 7) For interests in real property acquired by the former redevelopment agency prior to February 1, 2012, a status update on compliance with Section 33334.16. For interests in real property acquired on or after February 1, 2012, a status update on the project.
As of June 30, 2024, the Housing Successor Fund owned four properties that were transferred to the Housing Successor Fund February 1, 2012, all of which continue to be used for affordable and senior housing. No properties were acquired subsequent to February 1, 2012.
8) A description of any outstanding obligations pursuant to Section 33413 that remained to transfer to the housing successor on February 1, 2012, of the housing successor's progress in meeting those obligations, and of the housing successor's plans to meet unmet obligations. In addition, the housing successor shall include in the report posted on its Internet Web site the implementation plans of the former redevelopment agency.
As of June 30, 2024; there were no outstanding obligations pursuant to Section 33413 that remained to be transferred to the housing successor on February 1, 2012. 9) The information required by subparagraph (B) of paragraph (3) of subdivision (a).
This item is not applicable to the Housing Successor until Fiscal Year Ended June 30, 2024.
Addendum to the Annual
Progress Report
For the Fiscal Year Ended June 30, 2024
10) The percentage of units of deed-restricted rental housing restricted to seniors and assisted individually or jointly by the housing successor, its former redevelopment agency, and its host jurisdiction within the previous 10 years in relation to the aggregate number of units of deed-restricted rental housing assisted individually or jointly by the housing successor, its former redevelopment agency, and its host jurisdiction within the same time period.
As of June 30, 2024, the Housing Successor Fund had 20% of units of deed- restricted rental housing restricted to seniors and assisted individually or jointly by the housing successor, its former redevelopment agency, and its host jurisdiction within the previous 10 years in relation to the aggregate number of units of deed- restricted rental housing assisted individually or jointly by the housing successor, its former redevelopment agency, and its host jurisdiction within the same time period. 11) The amount of any excess surplus, the amount of time that the successor agency has had excess surplus, and the housing successor's plan for eliminating the excess surplus.
As of June 30, 2024, the total excess surplus was $57,818 of which is planned to be eliminated with the expenses associated with programs and services addressing homelessness issues.
CITY OF REDONDO BEACH
BALANCE SHEET FOR 2024 12
Report generated: 03/13/2025 13:24
User: speloso
Program ID: glbalsht
NET CHANGE ACCOUNT
FUND: 971 LOW MOD INCOME HOUSING ASSET FOR PERIOD BALANCE ASSETS
971 100000 POOLED CASH -10,095.00 1,893,819.58
971 100060 ALLOWANCE/UNREALIZED GAIN/LOSS 10,897.29 -3,795.82 971 122010 HOME IMPROV LOAN RECEIVABLE .00 389,992.00
971 122070 SEASONS NOTE REC - PRINCIPAL .00 2,049,903.76 971 122080 SEASONS NOTE REC - INTEREST .00 54,999.92
971 123000 ADVANCES TO OTHER FUNDS .00 535,731.42
TOTAL ASSETS 802.29 4,920,650.86
LIABILITIES
971 200000 ACCOUNTS PAYABLE -18,468.43 -20,063.43
971 250000 DEF INCOME .00 -389,992.00
971 261000 DUE TO OTHER FUNDS 459,931.00 -582,213.25
TOTAL LIABILITIES 441,462.57 -992,268.68
FUND BALANCE
971 300000 FUND BALANCE .00 -464,322.54
971 330000 BUDGETARY FUND BALANCE .00 43,934.75
971 330100 REVENUE CONTROL -470,828.29 -470,828.29
971 330200 ESTIMATED REVENUE CONTROL .00 217,891.00
971 330300 EXPENDITURE CONTROL 28,563.43 40,160.18
971 330400 ENCUMBRANCE CONTROL .00 35,163.00
971 330500 APPROPRIATIONS CONTROL .00 -261,825.75
971 340000 ASSIGNED FOR ENCUMBRANCE .00 -35,163.00
971 340400 NONSPENDABLE: NOTES RECEIVABLE .00 -3,033,391.53 TOTAL FUND BALANCE -442,264.86 -3,928,382.18
TOTAL LIABILITIES + FUND BALANCE -802.29 -4,920,650.86
CITY OF REDONDO BEACH
BALANCE SHEET FOR 2024 12
Report generated: 03/13/2025 13:24
User: speloso
Program ID: glbalsht
NET CHANGE ACCOUNT
FUND: 971 LOW MOD INCOME HOUSING ASSET FOR PERIOD BALANCE
FUND BALANCE
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** END OF REPORT - Generated by Stephen Peloso **
CITY OF REDONDO BEACH
YEAR-TO-DATE BUDGET REPORT
Report generated: 03/13/2025 18:55
User: speloso
Program ID: glytdbud
FOR 2024 12 JOURNAL DETAIL 2024 1 TO 2024 12
ORIGINAL APPROP TRANS/ADJSMTS REVISED BUDGET YTD ACTUAL ENCUMBRANCES AVAILABLE BUDGET % USED 971 LOW MOD INCOME HOUSING ASSET
97114000 HOMELESS HOUSING SUPERVISOR
500100 PERSONNEL ADJUSTMENTS
97114000 500100 PERSONNEL ADJUSTMENTS
0.00 0.00 0.00 0.00 0.00 0.00 .0%
TOTAL PERSONNEL ADJUSTMENTS
0.00 0.00 0.00 0.00 0.00 0.00 .0%
97133800 HSG AUTH LOWMOD INCOME HOUSING
404000 INVESTMENT EARNINGS
97133800 404000 INVESTMENT EARNINGS
0.00 0.00 0.00 0.00 0.00 0.00 .0%
TOTAL INVESTMENT EARNINGS
0.00 0.00 0.00 0.00 0.00 0.00 .0%
404010 UNREALIZED GAIN (LOSS)-INVEST
97133800 404010 UNREALIZED GAIN (LOSS)-INVEST
0.00 0.00 0.00 -10,897.29 0.00 10,897.29 100.0%
2024/12/001374 06/30/2024 GNI -10,897.29 REF FY24 FY24 GASB 31 Adjustments
TOTAL UNREALIZED GAIN (LOSS)-INVEST
0.00 0.00 0.00 -10,897.29 0.00 10,897.29 100.0%
411700 ADMINISTRATIVE FEES-NON-TAX
97133800 411700 ADMINISTRATIVE FEES-NON-TAX
CITY OF REDONDO BEACH
YEAR-TO-DATE BUDGET REPORT
Report generated: 03/13/2025 18:55
User: speloso
Program ID: glytdbud
FOR 2024 12 JOURNAL DETAIL 2024 1 TO 2024 12
ORIGINAL APPROP TRANS/ADJSMTS REVISED BUDGET YTD ACTUAL ENCUMBRANCES AVAILABLE BUDGET % USED
0.00 0.00 0.00 0.00 0.00 0.00 .0%
TOTAL ADMINISTRATIVE FEES-NON-TAX
0.00 0.00 0.00 0.00 0.00 0.00 .0%
411920 MISCELLANEOUS REVENUE
97133800 411920 MISCELLANEOUS REVENUE
0.00 0.00 0.00 -459,931.00 0.00 459,931.00 100.0%
2024/12/000532 06/27/2024 GEN -459,931.00 REF FROM 971-261000
TOTAL MISCELLANEOUS REVENUE
0.00 0.00 0.00 -459,931.00 0.00 459,931.00 100.0%
411970 LOAN REPAYMENT
97133800 411970 LOAN REPAYMENT
-217,891.00 0.00 -217,891.00 0.00 0.00 -217,891.00 .0%
TOTAL LOAN REPAYMENT
-217,891.00 0.00 -217,891.00 0.00 0.00 -217,891.00 .0%
460030 REVENUE-CONTRIBUTION FROM FDS
97133800 460030 REVENUE-CONTRIBUTION FROM FDS
0.00 0.00 0.00 0.00 0.00 0.00 .0%
TOTAL REVENUE-CONTRIBUTION FROM FDS
0.00 0.00 0.00 0.00 0.00 0.00 .0%
500000 FULL-TIME SALARIES
97133800 500000 FULL-TIME SALARIES
CITY OF REDONDO BEACH
YEAR-TO-DATE BUDGET REPORT
Report generated: 03/13/2025 18:55
User: speloso
Program ID: glytdbud
FOR 2024 12 JOURNAL DETAIL 2024 1 TO 2024 12
ORIGINAL APPROP TRANS/ADJSMTS REVISED BUDGET YTD ACTUAL ENCUMBRANCES AVAILABLE BUDGET % USED
0.00 0.00 0.00 0.00 0.00 0.00 .0%
2024/05/000357 11/24/2023 PRJ 2,868.94 REF PP2324 WARRANT=PP2324 RUN=1 BIWEEKLY 2024/05/000643 11/24/2023 GEN -2,868.94 REF PP2324 RECLASS ACCT - PAYROLL JE 357
TOTAL FULL-TIME SALARIES
0.00 0.00 0.00 0.00 0.00 0.00 .0%
500100 PERSONNEL ADJUSTMENTS
97133800 500100 PERSONNEL ADJUSTMENTS
0.00 0.00 0.00 279,000.00 0.00 -279,000.00 100.0%
2024/12/001447 06/30/2024 GEN 279,000.00 REF FY24 HOMELESS OUTREACH-WAGES EXP
TOTAL PERSONNEL ADJUSTMENTS
0.00 0.00 0.00 279,000.00 0.00 -279,000.00 100.0%
501020 FICA
97133800 501020 FICA
0.00 0.00 0.00 -5.31 0.00 5.31 100.0%
2024/05/000357 11/24/2023 PRJ 177.88 REF PP2324 WARRANT=PP2324 RUN=1 BIWEEKLY 2024/05/000643 11/24/2023 GEN -177.88 REF PP2324 RECLASS ACCT - PAYROLL JE 357 2024/05/000643 11/24/2023 GEN -5.31 REF PP2324 RECLASS ACCT - PAYROLL JE 357
TOTAL FICA
0.00 0.00 0.00 -5.31 0.00 5.31 100.0%
501030 LIFE INSURANCE
97133800 501030 LIFE INSURANCE
0.00 0.00 0.00 5.31 0.00 -5.31 100.0%
2024/05/000357 11/24/2023 PRJ 5.31 REF PP2324 WARRANT=PP2324 RUN=1 BIWEEKLY
CITY OF REDONDO BEACH
YEAR-TO-DATE BUDGET REPORT
Report generated: 03/13/2025 18:55
User: speloso
Program ID: glytdbud
FOR 2024 12 JOURNAL DETAIL 2024 1 TO 2024 12
ORIGINAL APPROP TRANS/ADJSMTS REVISED BUDGET YTD ACTUAL ENCUMBRANCES AVAILABLE BUDGET % USED
TOTAL LIFE INSURANCE
0.00 0.00 0.00 5.31 0.00 -5.31 100.0%
501060 MEDICARE
97133800 501060 MEDICARE
0.00 0.00 0.00 0.00 0.00 0.00 .0%
2024/05/000357 11/24/2023 PRJ 41.60 REF PP2324 WARRANT=PP2324 RUN=1 BIWEEKLY 2024/05/000643 11/24/2023 GEN -41.60 REF PP2324 RECLASS ACCT - PAYROLL JE 357
TOTAL MEDICARE
0.00 0.00 0.00 0.00 0.00 0.00 .0%
501070 PSYCHOLOGICAL INSURANCE
97133800 501070 PSYCHOLOGICAL INSURANCE
0.00 0.00 0.00 0.00 0.00 0.00 .0%
2024/05/000357 11/24/2023 PRJ 0.10 REF PP2324 WARRANT=PP2324 RUN=1 BIWEEKLY 2024/05/000643 11/24/2023 GEN -0.10 REF PP2324 RECLASS ACCT - PAYROLL JE 357
TOTAL PSYCHOLOGICAL INSURANCE
0.00 0.00 0.00 0.00 0.00 0.00 .0%
501080 PENSION (EMPLOYER SHARE)
97133800 501080 PENSION (EMPLOYER SHARE)
0.00 0.00 0.00 0.00 0.00 0.00 .0%
2024/05/000357 11/24/2023 PRJ 248.16 REF PP2324 WARRANT=PP2324 RUN=1 BIWEEKLY 2024/05/000643 11/24/2023 GEN -248.16 REF PP2324 RECLASS ACCT - PAYROLL JE 357
TOTAL PENSION (EMPLOYER SHARE)
0.00 0.00 0.00 0.00 0.00 0.00 .0%
CITY OF REDONDO BEACH
YEAR-TO-DATE BUDGET REPORT
Report generated: 03/13/2025 18:55
User: speloso
Program ID: glytdbud
FOR 2024 12 JOURNAL DETAIL 2024 1 TO 2024 12
ORIGINAL APPROP TRANS/ADJSMTS REVISED BUDGET YTD ACTUAL ENCUMBRANCES AVAILABLE BUDGET % USED 501095 OTHER POST EMP BENEFITS (OPEB)
97133800 501095 OTHER POST EMP BENEFITS (OPEB)
0.00 0.00 0.00 0.00 0.00 0.00 .0%
2024/05/000357 11/24/2023 PRJ 80.56 REF PP2324 WARRANT=PP2324 RUN=1 BIWEEKLY 2024/05/000643 11/24/2023 GEN -80.56 REF PP2324 RECLASS ACCT - PAYROLL JE 357
TOTAL OTHER POST EMP BENEFITS (OPEB)
0.00 0.00 0.00 0.00 0.00 0.00 .0%
501110 UNEMPLOYMENT
97133800 501110 UNEMPLOYMENT
0.00 0.00 0.00 0.00 0.00 0.00 .0%
2024/05/000357 11/24/2023 PRJ 6.00 REF PP2324 WARRANT=PP2324 RUN=1 BIWEEKLY 2024/05/000643 11/24/2023 GEN -6.00 REF PP2324 RECLASS ACCT - PAYROLL JE 357
TOTAL UNEMPLOYMENT
0.00 0.00 0.00 0.00 0.00 0.00 .0%
520040 CONTRACTS/PROFESSIONAL SERVICE
97133800 520040 CONTRACTS/PROFESSIONAL SERVICE
150,000.00 111,825.75 261,825.75 39,710.18 35,163.00 186,952.57 28.6% 2024/04/000167 10/05/2023 API 290.00 VND 001742 VCH KEYSER MARSTON AFFORDABLE HOUSING CONSULTANT 111048 2024/04/000696 10/05/2023 API 1,595.00 VND 001742 VCH KEYSER MARSTON AFFORDABLE HOUSING CONSULTANT 111276 2024/07/000602 01/29/2024 API 1,480.00 VND 001742 VCH KEYSER MARSTON AFFORDABLE HOUSING CONSULTANT 112553 2024/07/000602 01/29/2024 API 435.00 VND 001742 VCH KEYSER MARSTON AFFORDABLE HOUSING CONSULTANT 112553 2024/07/000602 01/29/2024 API 1,981.75 VND 001742 VCH KEYSER MARSTON AFFORDABLE HOUSING CONSULTANT 112553 2024/07/000602 01/29/2024 API 2,900.00 VND 001742 VCH KEYSER MARSTON AFFORDABLE HOUSING CONSULTANT 112553 2024/08/000110 02/14/2024 API 290.00 VND 001742 VCH KEYSER MARSTON PROFESSIONAL SERVICES JAN 2024 112808 2024/10/000273 04/15/2024 API 580.00 VND 001742 VCH KEYSER MARSTON PROFESSIONAL SERVICES DEC 2023 113877 2024/11/000581 05/28/2024 API 1,595.00 VND 001742 VCH KEYSER MARSTON PROFESSIONAL SERVICES APR 2024 114378 2024/12/000470 06/19/2024 API 500.00 VND 014466 VCH CENTURY MOONSTO DEPOSIT ASSISTANCE THE MOONSTO 114771 2024/12/000470 06/19/2024 API 500.00 VND 014466 VCH CENTURY MOONSTO PBV DEPOSIT ASSISTANCE MOONSTO 114772 2024/12/000470 06/19/2024 API 500.00 VND 014466 VCH CENTURY MOONSTO PBV DEPOSIT ASSISTANCE MOONSTO 114773 2024/12/000470 06/19/2024 API 500.00 VND 014466 VCH CENTURY MOONSTO PBV DEPOSIT ASSISTANCE MOONSTO 114774 2024/12/000470 06/19/2024 API 500.00 VND 014466 VCH CENTURY MOONSTO PBV DEPOSIT ASSISTANCE MOONSTO 114775
CITY OF REDONDO BEACH
YEAR-TO-DATE BUDGET REPORT
Report generated: 03/13/2025 18:55
User: speloso
Program ID: glytdbud
FOR 2024 12 JOURNAL DETAIL 2024 1 TO 2024 12
ORIGINAL APPROP TRANS/ADJSMTS REVISED BUDGET YTD ACTUAL ENCUMBRANCES AVAILABLE BUDGET % USED 97133800 520040 CONTRACTS/PROFESSIONAL SERVICE
2024/12/000470 06/19/2024 API 500.00 VND 014466 VCH CENTURY MOONSTO PBV DEPOSIT ASSISTANCE MOOSTON 114776 2024/12/000470 06/19/2024 API 500.00 VND 014466 VCH CENTURY MOONSTO PBV DEPOSIT ASSISTANCE MOONSTO 114777 2024/12/000470 06/19/2024 API 500.00 VND 014466 VCH CENTURY MOONSTO PBV DEPOSIT ASSISTANCE MOONSTO 114778 2024/12/000470 06/19/2024 API 500.00 VND 014466 VCH CENTURY MOONSTO PBV DEPOSIT ASSISTANCE MOONSTO 114779 2024/12/000470 06/19/2024 API 500.00 VND 014466 VCH CENTURY MOONSTO PBV DEPOSIT ASSISTANCE MOONSTO 114780 2024/12/000470 06/19/2024 API 500.00 VND 014466 VCH CENTURY MOONSTO PBV DEPOSIT ASSISTANCE MOONTON 114781 2024/12/000470 06/19/2024 API 500.00 VND 014466 VCH CENTURY MOONSTO PBV DEPOSIT ASSISTANCE MOONSTO 114782 2024/12/000470 06/19/2024 API 500.00 VND 014466 VCH CENTURY MOONSTO PBV DEPOSIT ASSISTANCE MOONSTO 114783 2024/12/000470 06/19/2024 API 500.00 VND 014466 VCH CENTURY MOONSTO PBV DEPOSIT ASSISTANCE MOONSTO 114784 2024/12/000470 06/19/2024 API 500.00 VND 014466 VCH CENTURY MOONSTO PBV DEPOSIT ASSISTANCE MOONSTO 114785 2024/12/000470 06/19/2024 API 500.00 VND 014466 VCH CENTURY MOONSTO PBV DEPOSIT ASSISTANCE MOONSTO 114786 2024/12/000470 06/19/2024 API 500.00 VND 014466 VCH CENTURY MOONSTO PBV DEPOSIT ASSISTANCE MOONSTO 114787 2024/12/000939 06/24/2024 API 20,063.43 VND 012546 VCH KINGDOM CAUSES 5/24 RB Outreach and Engagemen 115056 97133800 520040 A1273 CONTRACTS/PROFESSIONAL SERVICE
0.00 0.00 0.00 450.00 0.00 -450.00 100.0%
2024/02/000692 08/30/2023 CRP -581.50 REF 723585 REFUND FROM VENDOR 2024/05/000561 11/15/2023 API 29.50 VND 008295 VCH BEST, BEST & KR 10/23 Housing Legal Fees 111690 2024/06/000346 12/12/2023 API 552.00 VND 008295 VCH BEST, BEST & KR 11/23 Housing Legal Fees 112115 2024/09/000510 03/20/2024 API 450.00 VND 008295 VCH BEST, BEST & KR 2/24 Housing Legal Fees 114294 97133800 520040 A1601 CONTRACTS/PROFESSIONAL SERVICE
0.00 0.00 0.00 0.00 0.00 0.00 .0%
97133800 520040 A1627 CONTRACTS/PROFESSIONAL SERVICE
0.00 0.00 0.00 0.00 0.00 0.00 .0%
TOTAL CONTRACTS/PROFESSIONAL SERVICE
150,000.00 111,825.75 261,825.75 40,160.18 35,163.00 186,502.57 28.8% 540070 UNENCUMBERED CASH REMITTANCE
97133800 540070 UNENCUMBERED CASH REMITTANCE
0.00 0.00 0.00 0.00 0.00 0.00 .0%
CITY OF REDONDO BEACH
YEAR-TO-DATE BUDGET REPORT
Report generated: 03/13/2025 18:55
User: speloso
Program ID: glytdbud
FOR 2024 12 JOURNAL DETAIL 2024 1 TO 2024 12
ORIGINAL APPROP TRANS/ADJSMTS REVISED BUDGET YTD ACTUAL ENCUMBRANCES AVAILABLE BUDGET % USED
TOTAL UNENCUMBERED CASH REMITTANCE
0.00 0.00 0.00 0.00 0.00 0.00 .0%
570000 TRANSFERS OUT
97133800 570000 TRANSFERS OUT
0.00 0.00 0.00 0.00 0.00 0.00 .0%
TOTAL TRANSFERS OUT
0.00 0.00 0.00 0.00 0.00 0.00 .0%
TOTAL LOW MOD INCOME HOUSING ASSET
-67,891.00 111,825.75 43,934.75 -151,668.11 35,163.00 160,439.86 -265.2%
TOTAL REVENUES
-217,891.00 0.00 -217,891.00 -470,828.29 0.00 252,937.29
TOTAL EXPENSES
150,000.00 111,825.75 261,825.75 319,160.18 35,163.00 -92,497.43
GRAND TOTAL
-67,891.00 111,825.75 43,934.75 -151,668.11 35,163.00 160,439.86 -265.2% ** END OF REPORT - Generated by Stephen Peloso **
CITY OF REDONDO BEACH
YEAR-TO-DATE BUDGET REPORT
Report generated: 03/13/2025 18:55
User: speloso
Program ID: glytdbud
REPORT OPTIONS
Field # Total Page Break
Sequence 1 1 Y N
Sequence 2 9 N N
Sequence 3 11 Y N
Sequence 4 0 N N
Report title:
YEAR-TO-DATE BUDGET REPORT
Includes accounts exceeding 0% of budget.
Print totals only: N Year/Period: 2024/12
Print Full or Short description: F Print MTD Version: N Print full GL account: N
Format type: 1 Roll projects to object: N
Double space: N Carry forward code: 1
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Include requisition amount: N
Print Revenues-Version headings: N
Print revenue as credit: Y
Print revenue budgets as zero: N
Include Fund Balance: N
Print journal detail: Y
From Yr/Per: 2024/ 1
To Yr/Per: 2024/12
Include budget entries: N
Incl encumb/liq entries: N
Sort by JE # or PO #: J
Detail format option: 1
Include additional JE comments: N
Multiyear view: L
Amounts/totals exceed 999 million dollars: N
Find Criteria
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Fund 971
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CITY OF REDONDO BEACH
YEAR-TO-DATE BUDGET REPORT
Report generated: 03/13/2025 18:55
User: speloso
Program ID: glytdbud
REPORT OPTIONS
Rollup Code
Test for Fiscal Test for Fiscal Test for Fiscal Test for Fiscal Year Ending Year Ending Year Ending Year Ending
June 30, 2021 June 30, 2022 June 30, 2023 June 30, 2024 Opening Fund Balance of Prior Year 4,143,210 4,137,151 3,841,655 3,497,714.07 Less: Unavailable Funds:
Notes and Loans Receivable (2,589,992) (2,589,992) (2,439,896) (2,439,896) Land Held for Resale - - -
Unencumbered Fund Balance 1,553,218 1,547,159 1,401,759 1,057,818 Limitation (greater of $1,000,000 or four years deposits) Aggregate Amount Deposited for the Last Four Years:
2022-23 41,780
2021-22 96,465 96,465
2020-21 108,195 108,195 108,195
2019-20 116,547 116,547 116,547 116,547
2018-19 74,847 74,847 74,847
2017-18 85,353 85,353
2016-17 134,390
2015-16
2014-15
2013-14
Total 411,137 384,942 396,054 362,987
Base Limitation 1,000,000 1,000,000 1,000,000 1,000,000 Greater Amount 1,000,000 1,000,000 1,000,000 1,000,000
Excess Surplus 553,218 547,159 401,759 57,818
Excess Surplus Calculation
Fiscal Year 2023-24