BLUE FOLDER ITEM
Blue folder items are additional back up material to administrative reports and/or public comments received after the printing and distribution of the agenda packet for receive and file.
CITY COUNCIL MEETING
JUNE 17, 2025
L.2 CONTINUED PUBLIC HEARING TO CONSIDER THE FISCAL YEAR 2025-26 PROPOSED BUDGET, 2025-2030 FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM, AND
ASSOCIATED BUDGET RESPONSE REPORTS ADOPT BY TITLE ONLY RESOLUTION NO. CC-2506-042, A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDONDO BEACH, CALIFORNIA, ADOPTING AN ANNUAL BUDGET FOR FISCAL YEAR 2025-26 a. Reconvene the Public Hearing, take testimony;
b. Close the Public Hearing;
c. Receive and file Budget Response Reports; and
d. Adopt by title only Resolution No. CC-2506-042, incorporating the adjustments identified in BRR 1 & 1(A) and the final City Council motion.
CONTACT: STEPHANIE MEYER, FINANCE DIRECTOR
• BRR #2A: Reflecting input on the FY 2025-26 Proposed Budget and CIP from the June 12, 2025 Budget and Finance Commission Meeting
• BRR #13A: Correcting the Transient Occupancy Tax total for 90277 in the table showing totals if the City retained all revenue.
Budget
FY 2025 - 2026
BRR #02A
CITY OF REDONDO BEACH
Budget Response Report
#02A
June 17, 2025
Question:
What written correspondence and/or motions have Commissions provided to the City Council regarding the FY 2025-26 Proposed Budget?
Response:
As part of the FY 2025-26 Budget preparation process, the City Manager attended Commission meetings to share budget themes, solicit input on priorities, and gather Commission feedback on the FY 2025-26 Budget and Five-Year Capital Improvement Program (CIP). The dates of the discussions are shown below:
Date 2025 Commission
February 27 Public Safety Commission
March 10 Harbor Commission
March 24 Public Works & Sustainability Commission
April 2 Budget & Finance Commission
April 9 Public Amenities Commission
June 2 Planning Commission – General Plan Consistency Review June 12 Budget & Finance Commission
As part of BRR #2, provided for the June 10, 2025 City Council Hearing, staff reported on all Commission feedback, apart from the Budget and Finance Commission meeting held on June 12. This report provides feedback from the commission’s June 12 meeting.
Budget & Finance Commission
The Budget and Finance Commission met on June 12, 2025, and unanimously approved a motion to communicate the following points regarding the FY 2025-26 Proposed Budget and CIP:
• A recommendation to limit, to the extent possible, the amount of funds transferred out of the pension reserve fund.
• Ideally, the Commission would have had the opportunity to provide more specific recommendations on homelessness funding and capital project performance, but were limited by the lack of detailed data on:
o Total homelessness program funding and spending to date; and o Historic capital project spending / performance vs. original budget Budget
FY 2025 - 2026
BRR #13A
CITY OF REDONDO BEACH
Budget Response Report
#13A
June 10, 2025
Question:
What percentage of the City’s major revenue sources does each zip code generate? What primary economic activities occur in these areas?
Response:
The tables below show the City’s primary tax sources by zip code. Percentages are based on FY 2023-24 data, which is the last full year of actual revenue available. For the Property Tax and Sales Tax tables, some revenue sources, such as sales tax revenue received from the County and State tax pools, or certain property tax adjustments, are not associated with a specific address/zip code. The City’s two current largest economic commercial area contributors are Rivera Village and the Waterfront, which are both located in the 90277 zip code.
Property Tax (General Fund)
Zip Amount % Total
90277 $16,450,785 46%
90278 $17,856,559 50%
Unallocated
by zip
$1,629,402 4.5%
Total $35,936,746 100%
Sales Tax
Zip Amount % Total
90277 $5,051,086 47%
90278 $3,792,044 35%
Unallocated
by zip
$1,979,349 18%
Total $10,822,479 100%
Transient Occupancy Tax
Zip Amount % Total
90277 5,955,672 63%
90278 3,456,469 37%
Total $9,412,141* 100%
*If the City retained all generated TOT
Zip Amount % Total
90277 $5,955,672 92%
90278 $505,825 8%
Total $6,461,497* 100%
*Actual revenue