ATTACHMENT A
Adopted
Budget
Year to Date
Approved
Appropriations (A)
Midyear
Appropriations
Revised
Budget after
Midyear
Approved
Budget
Plan
Year to Date
Approved
Adjustments
Midyear
Adjustments
Revised
Budget Plan
after
Midyear
General Fund 438.69 (3.76) 1.18 436.11 451.90 0.40 6.40 458.70 All Other Funds 396.26 35.87 (0.16) 431.96 418.72 0.09 (2.41) 416.40 Total 834.95 32.10 1.02 868.07 870.62 0.49 3.99 875.10
Adopted
Budget
Year to Date
Approved
Appropriations (A)
Midyear
Appropriations
Revised
Budget after
Midyear
Approved
Budget
Plan
Year to Date
Approved
Adjustments
Midyear
Adjustments
Revised
Budget Plan
after
Midyear
General Fund 423.37 1.19 0.00 424.57 443.63 0.40 4.45 448.48 All Other Funds 288.82 8.11 (0.21) 296.72 296.35 0.15 3.14 299.65 Total 712.19 9.31 (0.21) 721.29 739.98 0.55 7.59 748.12 Adopted
Budget
Year to Date
Approved
Appropriations (A)
Midyear
Appropriations
Revised
Budget after
Midyear
Approved
Budget
Plan
Year to Date
Approved
Adjustments
Midyear
Adjustments
Revised
Budget Plan
after
Midyear
General Fund 13.50 - - 13.50 14.99 - - 14.99
All Other Funds 103.36 1.33 8.64 113.33 83.75 - 1.21 84.96 Total 116.87 1.33 8.64 126.84 98.74 - 1.21 99.95
SUMMARY OF CHANGES TO
FY 2023-25 ADOPTED BIENNIAL BUDGET
A Reflects year-to-date budget appropriations approved by Council on 7/18/23 (items 5-B and 5-G), 8/22/23 (item 5-H), 9/26/23 (item 5-C), 10/24/23 (items 5- E, 5-I, and 11-A ), 11/14/23 (item 5-C).
FY 2023-24 FY 2024-25
Revenues (in millions)
Capital Expenditures (in millions)
Operating Expenditures (in millions)
FY 2023-24 FY 2024-25
FY 2023-24 FY 2024-25
Page A-1 of 14
ATTACHMENT A
Fund Department(s) Description
FY 2023-24
Increase /
(Decrease)
FY 2024-25
Increase /
(Decrease)
General Fund Non-Departmental
Represents reductions in Sales and Transaction and Use
Taxes (TUT) primarily due to corrected allocations of
Santa Monica’s share of the Countywide use-tax pools,
the continued impact from the consumer shift from brickand-mortar purchases toward online sales, and a shift in consumer spending away from tangible goods and
towards services that are not subject to sales tax.
$ (677,829) $ (623,744)
General Fund Non-Departmental
Represents a reduction in Transient Occupancy Tax
(TOT) primarily due to the delayed reopening of the
Regent Hotel and the impact of the hotel worker strikes.
FY 2024-25 increase reflects greater than projected TOT revenues from the delayed closure of the Fairmont
Miramar for renovation and gradual recovery in the
tourism sector.
$ (201,105) $ 4,209,734
General Fund Non-Departmental
Represents a reduction in Parking Facility Tax reflecting changing behavior patterns of parkers, including the
prevalence of telecommuting and hybrid work schedules
and use of alternative modes of transportation by visitors to Santa Monica.
$ (45,000) $ (110,000)
General Fund Non-Departmental
Represents an increase in Property Taxes to align with
Proposition 13's CPI adjustment and robust revenues
derived from the former redevelopment project areas.
$ 1,489,546 $ 1,198,764
General Fund Non-Departmental
Increased Business License Tax revenue represents
greater than projected gross receipts reported by
businesses in FY 2023-24. This trend is anticipated to
continue throughout the forecast. Additionally, the
revenue increase is also attributed to the focused
compliance efforts by the Business License Inspector, a position that was added in FY 2022-23.
$ 3,380,500 $ 2,649,200
General Fund Transportation
Represents changing behavior of parkers, including the
increased use of free 90 minute parking in the structures, prevalence of telecommuting and hybrid work schedules
and use of alternative modes of transportation by visitors to Santa Monica.
$ (195,000) $ (70,000)
General Fund Non-Departmental
Decrease is primarily due to delay in the first
supplemental payment of $2.0 million from the Miramar
Project. Per the terms of the Developer Agreement, the
first supplemental payment was to be issued with filing of the plan check application for the project’s first building permit. Due to project delays, the initial payment is now projected to be received in FY 2024-25 with the additional supplemental payments projected for future years.
$ (2,000,000) $ (1,600,000)
DETAIL OF ALL FY 2023-24 AND FY 2024-25 PROPOSED BUDGET CHANGES
REVENUE BUDGET ADJUSTMENTS
Page A-2 of 14
ATTACHMENT A
Fund Department(s) Description
FY 2023-24
Increase /
(Decrease)
FY 2024-25
Increase /
(Decrease)
DETAIL OF ALL FY 2023-24 AND FY 2024-25 PROPOSED BUDGET CHANGES
REVENUE BUDGET ADJUSTMENTS
General Fund Records and
Election Services
Represents a one-time revenue reduction based on
actuals to date for printing and passport services. The Passport Agent position remained vacant for the first half of FY 2023-24.
$ (169,700)
General Fund Library Represents an increase in room rental revenue due to the expansion in service hours at the library. $ 6,000 $ 8,000 General Fund Police
Primarily represents an increase in auto impound fees
due to increasing visitors to the City and normalization of staffing levels.
$ 133,150 $ 193,150
General Fund Fire
The reduction represents a revenue shortfall in
commercial inspection fees due to staffing vacancies in the Fire Prevention division. The division is now fully staffed.
$ (300,000)
General Fund Finance Represents a one-time increase in State claims revenues due to receipt of prior year reimbursements. $ 2,401
General Fund Housing and
Human Services
Represents revised projections based on higher childcare program participation (13% increase) and reduced need
for financial assistance where 62% of families are paying full fee.
$ 57,102 $ 42,676
General Fund Recreation and Arts
Represents higher than expected demand for park
building rentals, as well as additional field permit
revenues offsetting the cost of permanent staffing.
$ 103,098 $ 145,965
General Fund Public Works
Represents the removal of 56 utility pole lease sites that are no longer needed due to the T-Mobile and Sprint
merger.
$ (49,050) $ (50,500)
General Fund Transportation
Represents increased contributions from the Beach and
Pier funds to support the growing costs of parking
operations due to increased usage of the Beach and Pier lots.
$ 200,000 $ 200,000
General Fund Transportation
Represents a decrease in traffic control fee revenue
primarily due to Southern California Edison and telecom companies finalizing major infrastructure enhancements
in the city, potentially leading to a reduction in utility work requiring Temporary Traffic Control Plans
$ (180,422) $ (180,422)
General Fund Community
Development
Represents an increase in building fees offsetting the
cost to add 2.0 FTE building inspectors to address
permitting demand.
$ 302,752
General Fund Community
Development
Represents a one-time shift in timing of receipt of
condominium tax revenue due to the postponement of
major condominium projects as a result of the updated
Housing Element.
$ (106,000) $ 182,000
Page A-3 of 14
ATTACHMENT A
Fund Department(s) Description
FY 2023-24
Increase /
(Decrease)
FY 2024-25
Increase /
(Decrease)
DETAIL OF ALL FY 2023-24 AND FY 2024-25 PROPOSED BUDGET CHANGES
REVENUE BUDGET ADJUSTMENTS
General Fund Community
Development
Represents one-time decreases in enforcement revenue
due to staff vacancies. $ (116,092)
General Fund Community
Development
Represents a decrease in plan check and seismic fee
revenue due the postponement of projects due to
interest rates and uncertain economy.
$ (152,375) $ (100,000)
Total General Fund Revenue Changes $ 1,179,224 $ 6,397,575 FY 2023-24 FY 2024-25
Community Development $ (374,467) $ 384,752
Finance $ 2,401 $ -
Fire $ (300,000) $ -
Housing and Human Services $ 57,102 $ 42,676
Library $ 6,000 $ 8,000
Police $ 133,150 $ 193,150
Public Works $ (49,050) $ (50,500)
Records and Election Services $ (169,700) $ -
Recreation and Arts $ 103,098 $ 145,965
Transportation $ (175,422) $ (50,422)
Non-Departmental $ 1,946,112 $ 5,723,954
$ 1,179,224 $ 6,397,575
Funding Source Department(s) Description FY 2023-24 FY 2024-25 General Fund Revenue Changes by Department
Grand Total General Fund Revenue Changes
Page A-4 of 14
ATTACHMENT A
Fund Department(s) Description
FY 2023-24
Increase /
(Decrease)
FY 2024-25
Increase /
(Decrease)
DETAIL OF ALL FY 2023-24 AND FY 2024-25 PROPOSED BUDGET CHANGES
REVENUE BUDGET ADJUSTMENTS
Airport Fund Public Works Represents greater hangar vacancies than originally anticipated and early lease terminations. $ (250,000)
Airport Fund Public Works
Represents higher than anticipated demand for events
scheduled at Barker Hangar and other venues at the
Airport.
$ 40,000 $ 40,000
Airport Fund Public Works Represents a reduction in filming revenues due to industry strikes in FY 2023-24. $ (4,000)
Airport Fund Public Works Represents one-time collection of three large violation fees. $ 4,000
Airport Fund Public Works
Represents an increase in revenue to reflect a minimum
annual property management fee of $65,000 under a new
agreement with Santa Monica College.
$ 18,815 $ 17,429
Airport Fund Public Works
Represents a reduction in retail/office rental revenues due to unexpected lease vacancies and the exercise by
Santa Monica College of its option to expand its
leasehold on non-aviation land further reducing
retail/office space at the Airport.
$ (205,000) $ (112,400)
Beach Fund Community
Development
Represents a one-time decrease in Filming permits due
to less demand resulting from the SAG and WGA strikes.
Revenues are expected to return to normal in FY 2024-
25. $ (50,000)
Big Blue Bus Fund Transportation Represents updated funding from Measure R capital grants. $ 14,610
Big Blue Bus Fund Transportation
Represents capital revenue to be used as local match for bus procurement, which will be received in a year later than projected - in FY25/26 due to timing of receipt and acceptance of buses.
$ (2,367,267)
Big Blue Bus Fund Transportation
Represents deferral of anticipated capital revenue
associated with the 7th street activation project. The
project has been delayed as a result of unsuccessful bids for the project scope of work. Revenues will not be
received until project expenses are incurred when the
project moves forward. The timing of the project is
unknown at this time.
$ (1,965,868)
Big Blue Bus Fund Transportation
Represents increase in revenue associated with Low
Carbon Fuel Standard credits (LCFS) for fleet conversion to battery-electric buses (BEB). Pending the availability of funds, revenue is expected to increase overtime as fleet transitions to 100% BEB.
$ 60,000 $ 60,000
Citizens' Option for
Public Safety (COPS)
Fund
Police Dept Represents increases of actual Citizens' Option for Public Safety (COPS) revenues received from State of CA. $ 15,000 $ 15,000 Gas Tax Fund Public Works
Represents recently released Department of Finance's
allocations of Local Streets and Roads (LSR) funds to
cities and counties through the Highway Users Tax
Account (HUTA) and the Road Maintenance and
Rehabilitation Account (RMRA).
$ (183,147)
Housing Authority Fund Housing and
Human Services
Represents disbursement from HUD for retroactively
reconciled Admin Fees as well as higher than projected
increase in Admin Fee rates.
$ 298,254 $ 217,669
Housing Authority Fund Housing and
Human Services
Represents lower voucher utilization and a reduction in housing assistance payments due to a longer lease-up
period.
$ (1,047,373) $ (1,057,297)
Page A-5 of 14
ATTACHMENT A
Fund Department(s) Description
FY 2023-24
Increase /
(Decrease)
FY 2024-25
Increase /
(Decrease)
DETAIL OF ALL FY 2023-24 AND FY 2024-25 PROPOSED BUDGET CHANGES
REVENUE BUDGET ADJUSTMENTS
Miscellaneous Grants
Fund City Manager
Represents the award of a new grant from the U.S.
Department of Homeland Security, Federal Emergency
Management Agency (FEMA) Hazard Mitigation Grant
Program (HMGP) through the State of California,
Governor’s Office of Emergency Services (CalOES) to
support the preparation of the Local Hazard Mitigation
Plan.
$ 135,000 $ -
Miscellaneous Grants
Fund
Housing and
Human Services
Represents funds not being committed to City's Human
Services Grants Program (HSGP) for FY 2023-24 and
beyond. Housing Authority will repurpose funds for
another use.
$ (14,121) $ (21,672)
Miscellaneous Grants
Fund
Housing and
Human Services
Represents the loss in subsidies from the State of
California when it deemed that neither the PAL nor the
VAP Summer Food Service Program sites met the
definition of being low-income in 2023 based on census
data. The PAL and VAP sites will reapply in 2024.
$ (10,000)
Miscellaneous Grants
Fund
Housing and
Human Services
Represents a correction to transfer revenues between
Funds. The revenue for the Childcare Linkage Fee is
being moved from the Miscellaneous Grants Fund to the
Special Source Revenue Fund.
$ (35,000) $ (35,000)
Miscellaneous Grants
Fund
Housing and
Human Services
Represents the acceptance of a new Local Aging and
Disability Action Planning (LADAP) Grant to retain a
consultant to develop a strategic plan that will address the needs of older adults and people with disabilities
living in Santa Monica.
$ 200,000
Miscellaneous Grants
Fund
Information
Services
Represents a cleanup item to eliminate budget from FY
2024-25, as no additional funding is expected for the
Urban Area Security Initiative (UASI) 2021 grant cycle. $ (692,153)
Miscellaneous Grants
Fund Library
Represents an increase to the award amount for the new
California Library Literacy Services (CLLS) grant to
provide enhanced English as a Second Language (ESL)
services.
$ 15,500
Miscellaneous Grants
Fund Police Dept
Represents a cleanup item to correct remaining available funds from the Urban Area Security Initiative (UASI) 2020 grant cycle and the California Office of Traffic Safety for the Selective Traffic Enforcement Program (STEP) 2021
grant cycle.
$ 30,873
Miscellaneous Grants
Fund Police Dept
Represents the additional award amount from the
California Office of Traffic Safety for the 2023 STEP
(Selective Traffic Enforcement Program) Grant for
education and special enforcement efforts to help prevent traffic-related deaths and injuries.
$ 31,600
Miscellaneous Grants
Fund Public Works
Represents the award of a new grant from the Los
Angeles County Regional Park and Open Space District
under the Los Angeles County 2016 Measure A grant
program, which will finance the Douglas Park Playground Reconstruction project.
$ 1,443,700
Pier Fund Community
Development
Represents an increase in outdoor dining revenue due to retroactive payments of amounts due and revenue from
new licenses.
$ 30,000 $ 30,000
Page A-6 of 14
ATTACHMENT A
Fund Department(s) Description
FY 2023-24
Increase /
(Decrease)
FY 2024-25
Increase /
(Decrease)
DETAIL OF ALL FY 2023-24 AND FY 2024-25 PROPOSED BUDGET CHANGES
REVENUE BUDGET ADJUSTMENTS
Resource Recovery &
Recycling Fund Public Works
Represents revenue from performance security deposit
forfeitures as a result of non-compliance by construction and demolition-related contractors.
$ 600,000
Risk Management
Administration Finance
Represents increased payments from other funds for
property insurance due to higher renewal premiums than
what was originally anticipated by the City's broker due to California's natural disasters, such as wildfires and
hurricanes, and carriers leaving the market altogether. $ 312,526 $ 800,402
Self Insurance, Bus
Fund Non-Departmental
Represents increased payment from Big Blue Bus fund
based on the September 2023 actuarial analysis
completed by an independent actuary to ensure selfinsurance fund has sufficient funding to cover expenses. $ 300,000 $ 1,000,000
Self Insurance,
Comprehensive Fund Non-Departmental
Represents increased payments from other funds based
on the September 2023 actuarial analysis completed by
an independent actuary to ensure self-insurance fund has sufficient funding to cover expenses.
$ 482,039 $ 3,100,004
Special Revenue Source
Fund City Manager Represents a correction for the Kiwanis donation, which was received a year later than expected. $ 70,000 $ - Special Revenue Source
Fund
Housing and
Human Services
Represents a correction to transfer revenue between
Funds. The revenue for the Childcare Linkage Fee is
being moved from the Miscellaneous Grants Fund to the
Special Source Revenue Fund.
$ 35,000 $ 35,000
Special Revenue Source
Fund Non-Departmental
Represents a correction for the revenue from the fees
paid by cable operators, which was inadvertently omitted from the FY 2023-25 Budget.
$ 207,000 $ 207,000
Special Revenue Source
Fund Transportation
Represents a decrease in Transporation Impact Fees
based on updated revenue projections analyzing actuals
in the last three years.
$ (275,000) $ (275,000)
Vehicle Management
Fund Public Works Represents lower than anticipated increase in Southern California Gas rates. $ (300,000) $ (300,000) Vehicle Management
Fund Public Works
Represents the increase of vehicle maintenance revenue
charged to non-General Funds into the Vehicle
Management Fund associated with adding 1.0 FTE
Senior Mechanic and 1.0 FTE Mechanic I.
$ 57,961 $ 180,029
Vehicle Management
Fund Public Works
Represents revenue into the Vehicle Management Fund
from the Resource Recycling and Recovery (RRR) Fund,
associated with the purchase of six new RRR vehicles.
$ 4,025,703 $ 977,912
Vehicle Management
Fund Public Works
Adjustment to revenue from vehicle maintenance charges
billed to user departments. The increase adjusts the
budgeted projections for cost of living increases on
expenses to capture full cost recovery on vehicle
maintenance services. The cost for services charged to
user departments will increase resulting in increased
revenue to the fund.
$ 715,300 $ 715,300
Water Fund Public Works
Represents reimbursements from Stormwater and
Wastewater Funds for staff time expended on behalf of
those funds.
$ 54,443 $ 40,017
Water Fund Public Works Represents an uptick in large development permits and the associated development fees. $ 500,000 $ 500,000
Page A-7 of 14
ATTACHMENT A
Fund Department(s) Description
FY 2023-24
Increase /
(Decrease)
FY 2024-25
Increase /
(Decrease)
DETAIL OF ALL FY 2023-24 AND FY 2024-25 PROPOSED BUDGET CHANGES
REVENUE BUDGET ADJUSTMENTS
Water Fund Public Works
Represents the decline in water consumption as a result of continued water conservation efforts and the
expectation of another extreme wet winter.
$ (5,500,000) $ (5,500,000)
Total Other Fund Revenue Changes $ (157,685) $ (2,409,527) FY 2023-24 FY 2024-25
total fund Airport Fund $ (396,185) $ (54,971)
total fund Beach Fund $ (50,000) $ -
total fund Big Blue Bus Fund $ (1,891,258) $ (2,307,267) Citizens' Option for Public Safety (COPS) Fund $ 15,000 $ 15,000 Gas Tax Fund $ (183,147) $ -
total fund Housing Authority Fund $ (749,119) $ (839,628) total fund Miscellaneous Grants Fund $ 1,782,052 $ (733,325) total fund Pier Fund $ 30,000 $ 30,000
total fund Resource Recovery & Recycling Fund $ 600,000 $ - total fund Risk Management Administration $ 312,526 $ 800,402 Self Insurance, Bus Fund $ 300,000 $ 1,000,000
Self Insurance, Comprehensive Fund $ 482,039 $ 3,100,004 total fund Special Revenue Source Fund $ 37,000 $ (33,000) total fund Vehicle Management Fund $ 4,498,964 $ 1,573,241 total fund Water Fund $ (4,945,557) $ (4,959,983)
$ (157,685) $ (2,409,527)
Total Revenue Changes All Funds $ 1,021,539 $ 3,988,048 Grand Total Other Funds Revenue Changes
Other Fund Revenue Changes by Fund
Page A-8 of 14
ATTACHMENT A
Fund Department(s) Description
FY 2023-24
Increase /
(Decrease)
FY 2024-25
Increase /
(Decrease)
City Manager $ 19,416
City Attorney $ 23,035
Records and
Elections Services $ 6,172
Community
Development $ 54,999
Fire Dept $ 160,615
Finance $ 20,660
Housing and Human
Services $ 104,708
Human Resources $ 9,394
Information Services $ 59,566
Library $ 16,535
Police Dept $ 574,592
Public Works $ 1,269,537
Recreation and Arts $ 30,652
Transportation $ 216,436
Transportation $ 147,672
Non-Departmental $ 295,344
City Council $ 50,000
City Manager $ (27,923) $ 198,679
Non-Departmental $ (22,077) $ (198,679)
Housing and Human
Services $ 93,125
Non-Departmental $ (93,125)
Housing and Human
Services $ 95,500
Non-Departmental $ (95,500)
Public Works $ 46,946 $ 116,763
Non-Departmental $ (46,946) $ (116,763)
General Fund Community
Development
This net zero adjustment reflects the addition of 2.0 FTE Building Inspectors, offset by one-time savings from
overtime and professional services expenditures in FY
2023-24 and ongoing additional Building and Safety
revenues starting in FY 2024-25.
$ 302,752
DETAIL OF ALL FY 2023-24 AND FY 2024-25 PROPOSED BUDGET CHANGES
EXPENDITURE BUDGET ADJUSTMENTS
General Fund
Represents increased payments to the General Liability
and Auto Fund based on the September 2023 actuarial
analysis completed by an independent actuary to achieve a 75% confidence level (statistical certainty that an
actuary believes funding will be sufficient to cover claim expenses, excess insurance premiums and program
overhead).
General Fund
Represents increased payments to the Risk Management
Administration Fund for property insurance due to higher renewal premiums than what was originally anticipated by the City's broker due to California's natural disasters, such as wildfires and hurricanes, and carriers leaving the market altogether.
General Fund
This adjustment reflects the addition of 1.0 FTE Project Support Assistant (limited term thru 12.31.2028) funded by the Airport Fund.
This net zero adjustment reflects a one-time increase to City Council's discretionary funds and travel accounts; equity adjustments within the City Manager's Office; and the addition of 1.0 FTE 911 CAD Administrator, offset by the deletion of 1.0 FTE Administrative Analyst and
reallocation of non-departmental funds.
General Fund
This adjustment reflects the Tenant Protections and a
Right to Counsel program as part of the City's Homeless Prevention Strategy, funded by the Housing Trust Fund.
General Fund
General Fund
This adjustment reflects the purchase of Below Market
Housing (BMH) Software Portal Enhancement for
Tenants and Landlords, funded by the Housing Trust
Fund.
Page A-9 of 14
ATTACHMENT A
Fund Department(s) Description
FY 2023-24
Increase /
(Decrease)
FY 2024-25
Increase /
(Decrease)
DETAIL OF ALL FY 2023-24 AND FY 2024-25 PROPOSED BUDGET CHANGES
EXPENDITURE BUDGET ADJUSTMENTS
General Fund Recreation and Arts
This adjustment reflects the addition of 1.0 FTE Guest
Services Assistant for Outdoor Sports Facility permitting, Memorial Park front office and providing enhanced
customer service and support for the Community
Recreation Division, offset by additional field permit
revenues.
$ 28,098 $ 70,965
General Fund Non-Departmental
This reflects adjustments to the Measure GSH allocation for SMMUSD and affordable housing transfer
corresponding with lower than projected Transaction and Use Tax (TUT) revenue. The TUT revenue budget is also
being reduced.
$ (26,250) $ (102,750)
General Fund Non-Departmental
Adjustment related to CalPERS pension contribution
increases related to the unfunded liability in FY 2024-25.
The new amount is based on the revised valuation
reports provided by CalPERS.
$ 1,170,000
Total General Fund Operating Expenditure Changes $ 1,848 $ 4,450,300 FY 2023-24 FY 2024-25
City Council $ 50,000 $ -
City Manager $ (27,923) $ 218,095
City Attorney $ - $ 23,035
Records and Elections Services $ - $ 6,172
Community Development $ - $ 357,751
Fire Dept $ - $ 160,615
Finance $ - $ 20,660
Housing and Human Services $ 188,625 $ 104,708
Human Resources $ - $ 9,394
Information Services $ - $ 59,566
Library $ - $ 16,535
Police Dept $ - $ 574,592
Public Works $ 46,946 $ 1,386,300
Recreation and Arts $ 28,098 $ 101,617
Transportation $ - $ 364,108
Non-Departmental $ (283,898) $ 1,047,152
Grand Total General Fund Operating Expenditure Changes $ 1,848 $ 4,450,300 General Fund Expenditure Changes by Department
Page A-10 of 14
ATTACHMENT A
Fund Department(s) Description
FY 2023-24
Increase /
(Decrease)
FY 2024-25
Increase /
(Decrease)
DETAIL OF ALL FY 2023-24 AND FY 2024-25 PROPOSED BUDGET CHANGES
EXPENDITURE BUDGET ADJUSTMENTS
Airport Fund Public Works $ 12,953 $ 14,341
Community
Development $ 11,617 $ 12,863
Public Works $ 27,020 $ 29,916
Recreation and Arts $ 6,752 $ 7,475
Cemetery Fund Public Works $ 9,847 $ 10,901
Community
Development $ 12,371 $ 13,696
Police Dept $ 2,905 $ 3,216
Public Works $ 52,963 $ 58,638
Resource Recovery &
Recycling Fund Public Works $ 121,430 $ 134,441
Risk Management
Administration Finance $ 11,805 $ 13,069
Vehicle Management
Fund Public Works $ 12,248 $ 13,561
Wastewater Fund Public Works $ 138,188 $ 152,994
Water Fund Public Works $ 61,940 $ 68,576
Airport Fund Public Works $ 59,656 $ 68,168
Public Works $ 441 $ 504
Recreation and Arts $ 15,776 $ 18,028
Big Blue Bus Fund Transportation $ 71,378 $ 81,562
Cemetery Fund Public Works $ 12,774 $ 14,596
Community
Development $ 59,229 $ 67,679
Police Dept $ 537 $ 614
Public Works $ 93 $ 106
Resource Recovery &
Recycling Fund Public Works $ 707 $ 808
Risk Management
Administration Finance $ 187 $ 214
Vehicle Management
Fund Public Works $ 27,880 $ 31,857
Wastewater Fund Public Works $ 10,412 $ 11,897
Water Fund Public Works $ 49,562 $ 56,633
Big Blue Bus Fund Transportation
Represents increased payment to the Transit Liability
Fund based on the September 2023 actuarial analysis
completed by an independent actuary to achieve a 75%
confidence level (statistical certainty that an actuary believes funding will be sufficient to cover claim
expenses, excess insurance premiums and program
overhead).
$ 300,000 $ 1,000,000
Beach Fund
Pier Fund
Pier Fund
Beach Fund
Represents increased payments to the General Liability
and Auto Fund based on the September 2023 actuarial
analysis completed by an independent actuary to achieve a 75% confidence level (statistical certainty that an
actuary believes funding will be sufficient to cover claim expenses, excess insurance premiums and program
overhead).
Represents increased payments to the Risk Management
Administration Fund for property insurance due to higher renewal premiums than what was originally anticipated by the City's broker due to California's natural disasters, such as wildfires and hurricanes, and carriers leaving the market altogether.
Page A-11 of 14
ATTACHMENT A
Fund Department(s) Description
FY 2023-24
Increase /
(Decrease)
FY 2024-25
Increase /
(Decrease)
DETAIL OF ALL FY 2023-24 AND FY 2024-25 PROPOSED BUDGET CHANGES
EXPENDITURE BUDGET ADJUSTMENTS
Airport Fund Public Works $ 226 $ 700
Beach Fund Public Works $ 5,322 $ 16,533
Cemetery Fund Public Works $ 564 $ 1,750
Police Dept $ 16 $ 48
Public Works $ 904 $ 2,808
Resource Recovery &
Recycling Fund Public Works $ 44,616 $ 138,582
Risk Management
Administration Finance $ 22 $ 68
Vehicle Management
Fund Public Works $ 88,206 $ 273,976
Wastewater Fund Public Works $ 2,354 $ 7,312
Water Fund Public Works $ 3,937 $ 12,228
Community
Development $ 183,859 $ 183,859
Recreation and Arts $ 5,710 $ 5,710
Pier Fund Community
Development $ 10,431 $ 10,431
Transportation $ (522,327)
Capital Improvement $ 522,327
Transportation $ (67,673)
Capital Improvement $ 67,673
Public Works $ 375,161
Capital Improvement $ 4,025,703 $ 602,751
Public Works $ 375,161
Capital Improvement $ 4,025,703 $ 602,751
Clean Beaches/Ocean
Parcel Tax Fund Non-Departmental $ 370,430 $ (218,664)
Wastewater Fund Non-Departmental $ (370,430) $ 218,664
Pier Fund
This adjustment reflects the department's contribution to the Vehicle Management Fund associated with adding
1.0 FTE Sr Mechanic and 1.0 FTE Mechanic I to provide
maintenance on the City's Vehicle.
This adjustment reflects increased contributions to the General Fund to support the growing costs of parking
operations due to increased usage of the Beach and Pier lots, resulting in higher costs in labor, liability insurance, and repairs/replacements from both regular maintenance
and vandalisms of parking facilities and equipment.
This adjustment reflects the transfer of the Caltrans grant and local match Transportation Impact Fee (TIF) funds
from operating to the Capital Improvement Program
budget for the Santa Monica Boulevard Safety
Enhancement study.
Miscellaneous Grants
Fund
Special Revenue
Source Fund
Beach Fund
Resource Recovery &
Recycling Fund
Vehicle Management
Fund
Reflects the accounting transactions required for the
purchase and ongoing replacement cost of (6) new
Resource Recovery and Recycling vehicles. The
transactions include contributions from the RRR fund to the Vehicle Management Fund as well as ongoing
maintenance of the vehicles.
This adjustment reflects the actual repayment schedule
determined by the State Water Resources Control Board,
which was post development of FY 2023-25 Biennial
Budget.
Page A-12 of 14
ATTACHMENT A
Fund Department(s) Description
FY 2023-24
Increase /
(Decrease)
FY 2024-25
Increase /
(Decrease)
DETAIL OF ALL FY 2023-24 AND FY 2024-25 PROPOSED BUDGET CHANGES
EXPENDITURE BUDGET ADJUSTMENTS
Airport Fund Non-Departmental
This adjustment reflects the addition of 1.0 FTE Project Support Assistant (limited term thru 12.31.2028) funded by the Airport Fund.
$ 46,946 $ 116,763
Housing Authority Fund Housing and Human
Services
This adjustment reflects lower HAP voucher utilization
primarily due to a delay in the lease-up of 57 project
based units at 1413 Michigan Avenue as well as lower
voucher utilization due to a longer lease-up period on the Emergency Housing Voucher and Serial Inebriate
Programs.
$ (1,670,716) $ (299,506)
Miscellaneous Grants
Fund City Manager
This adjustment reflects the award of a new grant from
the U.S. Department of Homeland Security, Federal
Emergency Management Agency (FEMA) Hazard
Mitigation Grant Program (HMGP) through the State of
California, Governor’s Office of Emergency Services
(CalOES) to support the preparations of the Local Hazard Mitigation Plan.
$ 135,000
Miscellaneous Grants
Fund
Housing and Human
Services
This adjustment reflects the acceptance of a new Local
Aging and Disability Action Planning (LADAP) Grant to
retain a consultant to develop a strategic plan that will address the needs of older adults and people with
disabilities living in Santa Monica.
$ 200,000
Miscellaneous Grants
Fund Police Dept
This Adjustment reflects an additional grant award
amount from the California Office of Traffic Safety for the 2023 STEP (Selective Traffic Enforcement Program)
Grant for education and special enforcement efforts to
help prevent traffic-related deaths and injuries.
$ 31,600
Special Revenue
Source Fund Non-Departmental
This adjustment reflects the Tenant Protections and a
Right to Counsel program as part of the City's Homeless Prevention Strategy, funded by the Housing Trust Fund
$ 93,125
Special Revenue
Source Fund Non-Departmental
This adjustment reflects the purchase of BMH Software
Portal Enhancement for Tenants and Landlords, funded
by the Housing Trust Fund.
$ 95,500
Page A-13 of 14
ATTACHMENT A
Fund Department(s) Description
FY 2023-24
Increase /
(Decrease)
FY 2024-25
Increase /
(Decrease)
DETAIL OF ALL FY 2023-24 AND FY 2024-25 PROPOSED BUDGET CHANGES
EXPENDITURE BUDGET ADJUSTMENTS
Special Revenue
Source Fund Non-Departmental
Reflects adjustment to the Measure GSH affordable
housing transfer corresponding with lower than projected Transaction and Use Tax (TUT) revenue. The TUT
revenue budget is also being reduced.
$ 8,750 $ 34,250
Total Other Funds Expenditure Changes $ 8,428,449 $ 4,347,689 FY 2023-24 FY 2024-25
total fund Airport Fund $ 119,781 $ 199,972
total fund Beach Fund $ 256,497 $ 274,888
total fund Big Blue Bus Fund $ 371,378 $ 1,081,562
total fund Cemetery Fund $ 23,185 $ 27,247
total fund Clean Beaches/Ocean Parcel Tax Fund $ 370,430 $ (218,664) total fund Housing Authority Fund $ (1,670,716) $ (299,506) total fund Miscellaneous Grants Fund $ 366,600 $ -
total fund Pier Fund $ 139,449 $ 157,236
total fund Resource Recovery & Recycling Fund $ 4,192,456 $ 1,251,743 total fund Risk Management Administration $ 12,014 $ 13,351 total fund Special Revenue Source Fund $ 197,375 $ 34,250 total fund Vehicle Management Fund $ 4,154,037 $ 1,297,306 total fund Wastewater Fund $ (219,476) $ 390,867
total fund Water Fund $ 115,439 $ 137,437
$ 8,428,449 $ 4,347,689
General Fund Operating $ 1,848 $ 4,450,300
Other Funds Operating $ (212,957) $ 3,142,187
total fund Total Operating Changes all Funds $ (211,109) $ 7,592,487 General Fund Capital $ - $ -
Other Funds Capital $ 8,641,406 $ 1,205,502
Total Capital Changes all Funds $ 8,641,406 $ 1,205,502 $ 8,430,297 $ 8,797,989
Grand Total Other Funds Operating and Capital Expenditure Changes Other Funds Expenditure Changes by Fund
Total Expenditure Changes all Funds
Page A-14 of 14