Budget Includes Expenditures Totaling $148.6 Million

The city released the following information on the budget in a press release:

The adopted budget includes revenues of $145,201,709 and expenditures totaling $148,620,035 across all funds. The General Fund is balanced with revenues of $86,669,227 and expenditures of $85,275,151 resulting in a projected year-end surplus of $1,394,076. The adopted budget projects a General Fund balance on June 30, 2023 of $28.7 million. Within this total fund balance, the city’s Financial Policy reserve is 20% of operating expenditures, or $17.0 million. Additionally, the City Council has set aside $4.0 million as an “Economic Uncertainty” reserve.

Adopted service investment includes:

• Resources dedicated to strengthen public safety to ensure that the city is prepared and ready for potential crises such as a natural disaster or any crisis needing emergency operations; address homelessness; strengthen field technology and officer safety; enhance parking enforcement services and resiliency strategies for officers; replace aging technology; and improve street and parking closures during special events.
• Enhanced core service deliveries to meet and exceed turnaround times for complex building projects; ensure quality assurance of contractors performing maintenance work; manage and expedite Capital Improvement Projects; elevate the city’s recreation programs; foster community engagement; and protect the city’s computer systems and networks.
• Retaining and investing in the city workforce to reduce turnover and ensure continuity and excellence in service delivery.
• Revitalizing parks, fields, and the Downtown and North Manhattan Beach business districts.
• Restoration of the Sand Dune Park and funding dedicated to the Senior & Scout House Project.

The City Council also approved the $149.8 million 5-Year Capital Improvement Program (CIP) for FY 2022/23 through FY 2026/27 that includes 73 capital projects and studies. The CIP ensures that the city’s facilities and infrastructure meet the current and future needs of the community. With a focus on assessments and investments in the city’s parks, open-space, and public-buildings, stormwater systems, sewer infrastructures, and citywide transportation improvements, the CIP aims to ensure that Manhattan Beach is a well-maintained city with up-to-date infrastructure.

The 5-Year CIP Plan includes the following:

• $219,989 Street Lighting & Landscape Projects
• $37.9 Million Streets, Sidewalks and Other Rights-of-Way Projects (ROW)
• $22.6 Million Building, Park, Pedestrian and Signal Preemption Projects
• $36.8 Million Water Infrastructure Projects
• $25.7 Million Stormwater Projects
• $22.5 Million Wastewater Projects
• $2.2 Million Parking Lot Projects
• $1.8 Million State Pier and Lot Projects

“Manhattan Beach is a full-service city that provides high-quality programs, services, and resources to the city,” said City Manager Bruce Moe in a statement. “I am proud of the city team for developing a balanced budget that provides funding for initiatives to build on the city’s successes, maintain core services, strengthen public safety, and address the needs and interests of the community.”

The budget is available at www.manhattanbeach.gov/budget.