HomeMy WebLinkAbout02/12/08 February 7, 2008
Honorable Mayor and Members of City Council Meeting of
The Hermosa Beach City Council February 12, 2008
MIDYEAR BUDGET REVIEW 2007-08
RECOMMENDATION:
It is recommended that the City Council:
1. Approve the revisions to estimated revenue, appropriations, budget transfers and fund balances
as shown below and in the attached Revenue Worksheet and Budget Summary.
2. Approve personnel changes as discussed herein under “Personnel Changes”.
3. Approve the recommendations discussed herein under “Recommendations on Policies/Goals”.
BACKGROUND:
The City has conducted a Midyear Budget Review annually since fiscal year 1981-82. The review is a good
tool to ensure that assumptions and estimates originally used to prepare the budget ten months earlier
remain realistic.
ANALYSIS:
OVERVIEW
The results of the Midyear Review (including changes during the first six months) are positive, with a net
increase of revenue over additional appropriations and transfers of $101,499. $1,499 in unallocated funds
will be appropriated to Prospective Expenditures.
REVENUE
(See Revenue Worksheet)
The overall change in revenue in the General Fund is $305,981. Allowing for the $100,000, which is
designated for Theatre Improvements, the change is only 1% overall. The charts below show the trends for
the largest revenue sources.
Taxes
The secured property tax estimate is being revised up slightly. The estimate is 12% higher than 2006-07,
based on the actual levy.
SECURED PROPERTY TAX
0
2,000,000
4,000,000
6,000,000
8,000,000
10,000,0001996-971997-981998-991999-002000-012001-022002-03 2003-042004-052005-06 2006-07 2007-08 Est
1
2007-08 MIDYEAR SALES TAX BY GEOGRAPHIC
AREA
PCH
46%
Downtown
34%
Aviation
5%
Pier/Valley/
Monterey
15%
The sales tax estimate is unchanged from the original estimate. Revenue for the first half is lower than the
first half of last year due to a misallocation of one of our top sales tax producers and late payments from
another. The misallocation has been reported to the State Board of Equalization and will be corrected
before year end.
As in the original budget, sales tax is split into two accounts now, 3108 Sales Tax and 3104 In Lieu Sales
Tax. The In Lieu amount is the State’s “Triple Flip” 25% reduction of local government sales tax, which will
be repaid in January and May with property tax funds.
The following chart compares sales tax on major accounts for the first half of this year to the first half of last
year by the top ten categories to show what the trends are by category and geographic area.
SALES TAX
Comparison of First Half of 2006-07 to 2007-08
Top Ten Categories
RANK/BUSINESS CLASS* Sales Tax
2007-08
Inc./
(Dec.)
% of
Change
Prev. Yr.
Percent
of Total
1. EATING/DRINKING PLACES 441,753 $43,052 10.80% 40.45%
2. OTHER RETAIL STORES 152,982 $3,860 2.59% 14.00%
3. AUTO DEALERS AND SUPPLIES 131,308 ($13,934) -9.59% 12.02%
4. BUILDING MATERIALS 63,988 ($47,592) -42.65% 5.86%
5. FOOD STORES 93,784 ($14,872) -13.69% 8.58%
6. SERVICE STATIONS * * 0.90% *
7. BUSINESS, SERVICE, REPAIR 43,727 ($15,871) -26.63% 4.00%
8. DRUG STORES * * -22.59% *
9. FURNITURE/APPLIANCE 28,195 ($4,373) -13.43% 2.58%
10. APPAREL STORES 27,718 $7,207 35.14% 2.54%
* Drug store and service station amounts are not listed because there are too few in the category
Sales Tax Comparison by Geographic Area
Revenue % of Revenue % ofLOCATION 2006-07 Total % Chg 2007-08 Total
PCH 521,624 51% -13% 454,395 46%
Downtown 312,410 31% 9% 341,773 34%
Pier/Valley/Monterey 139,622 14% 3% 143,848 15%
Aviation 46,823 5% 10% 51,707 5%
2
Transient Occupancy Tax (TOT) is being adjusted up slightly based on the first half year receipts. The new
estimate is up approximately 3% over 2006. Overall occupancy for the first half is 78% compared to 76.5%
for the first half of last year.
TRANSIENT OCCUPANCY TAX
0200,000400,000600,000800,0001,000,0001,200,0001,400,0001,600,0001,800,0002,000,000
1996-971997-981998-991999-002000-012001-022002-03 2003-042004-052005-062006-072007-08 Est
Utility User Tax (UUT) revenue is being revised down 3% from the 2006-07 level. Receipts for the first half
are down overall 6%. Cellular telecom revenue may be reaching the saturation point. Electric UUT revenue
is down 4%.
The companies collecting the UUT have until April to implement changes made to the UUT ordinance in
November 2007. No company has implemented the change at this time.
UTILITY USER TAX
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
1996-971997-981998-991999-002000-012001-022002-03 2003-042004-052005-06 2006-07 2007-08 Est
3
ADDITIONAL APPROPRIATIONS
The following additional appropriations are requested:
GENERAL FUND (001)
City Council
Conference/Training $5,000 Council members attending more
conferences than anticipated.
Fire
Contract Services/Private $2,000 OSHA mandated annual breathing
apparatus flow test, calibration
and certification was not
budgeted.
Equipment more than $1,000 $2,500 Portable fire training aid to be
utilized for fire extinguisher
training at weekly Neighborhood
Watch meetings and with other
groups as needed.
Equipment more than $5,000 $20,000 TNT Rescue Tool (Jaws of Life)
that are currently on Engine 11
were purchased 17 years ago.
Technology has improved to the
point that this unit should be
replaced to provide a quicker and
more reliable life saving piece of
equipment.
Police
Office Supplies $5,000 Unanticipated office supplies
needed for Commission on
Accreditation for Law Enforcement
Agencies (CALEA) file
organization and policy manuals.
Conference/Training $9,192 Unanticipated required training
and conferences as follows:
CALEA - $1,500, Public Records
Act Training - $1,000, West Point
Leadership Program - $1,500;
Armorers’ training (2) - $2,372,
Chief’s attendance at FBI
Academy graduation - $820 and
$2,000 for additional training for
officers not reimbursable through
POST.
Building Improvements $2,632 Workstations ordered in 2006-07
were not received by 6/30/07.
Funds were not reappropriated.
4
GENERAL FUND (001) continued
Public Works
Parks Division
Contract Services/Private $1,000 Replacement of windscreens at
Clark Field Tennis Courts, south
end.
$2,000 Additional funds needed for fence
rental at Valley Park to be used to
protect soccer field during/after
hydroseeding.
Maintenance Materials $10,000 Approximate cost to replace light
fixtures and poles at South Park
due to vandalism; 5 poles have
been destroyed in the last 6 to 8
months.
Street Maintenance/Traffic Safety
Non-Capitalized Assets $8,400 Funds budgeted for LED traffic
signal conversion were used to
purchase solar powered flashing
units t0 replace the traffic signal at
2nd Street and Hermosa Avenue.
TOTAL GENERAL FUND $67,724
DOWNTOWN ENHANCEMENT FUND (109)
Public Works
North Pier Parking Structure
Contract Services/Private $6,000 Replace existing stainless steel
doors on elevator with random
swirl pattern doors to remove
scratched in graffiti and deter the
recurrence of vandalism.
County Share of Parking Structure Revenue
Contract Services/Government $47,396)Net income revised at midyear is
less than original estimate.
TOTAL DOWNTOWN ENHANCEMENT FUND ($41,396)
STATE GAS TAX FUND (115)
Public Works
Street Maintenance/Traffic Safety
Contract Services/Private $14,375 Transportation Development Act
(TDA) project for security camera
installation on the Strand between
Pier and 11th Street was approved
by MTA after the budget was
approved.
TOTAL STATE GAS TAX FUND $14,375
5
PROP A OPEN SPACE FUND (121)
Community Resources
CIP 653
Hermosa Senior Activity Center $100,000
Office Supplies $ 1,305
Equipment less than $1,000 $29,180
Equipment more than $1,000 $20,445
Building Improvements $49,070
Appropriate Prop A Open Space
Grant approved for a Hermosa
Senior Activity Center.
TOTAL PROP A OPEN SPACE FUND $100,000
PARKS/REC FACILITY TAX FUND (125)
Community Resources
Equipment less than $1,000 $1,300 Additional funds needed to
purchase electric height adjusters
for the gym. Price has increased
since the budget was adopted.
CIP 653
Hermosa Senior Activity Center $15,000
Office Supplies $ 195
Equipment less than $1,000 $4,360
Equipment more than $1,000 $3,055
Building Improvements $7,390
Appropriate City share required for
Prop A Open Space Grant for
Hermosa Senior Activity Center.
Public Works
Parks Division
Contract Services/Private $10,000 Additional funds needed for new
rubberized surface at South Park
toy and tot lot. Price has
increased since originally
requested in 2006-07.
CIP 534
Parks Improvements
Contract Services/Private ($18,813) Reduce amount to reflect
Park/Recreation Facility Tax funds
available for the project.
CIP 535
Clark Field Improvements
Contract Services/Private ($1,013) Project was completed in 2006-07.
Electrical upgrades will be a
separate project.
CIP 641
Clark Building Refurbishment
Contract Services/Private ($36,501) Reduce amount to reflect
Park/Recreation Facility Tax funds
available for the project.
TOTAL PARKS/RECREATION FACILITY
TAX FUND ($30,027)
6
BUILDING IMPROVEMENT FUND (127)
Public Works
CIP 535
Clark Field Improvements
Contract Services/Private ($3,622) Project was completed in 2006-07.
Electrical upgrades will be a
separate project.
TOTAL BUILDING IMPROVEMENT FUND ($3,622)
BAYVIEW DRIVE DISTRICT
ADMINISTRATIVE EXPENSE FUND (135)
Finance
Administrative Charges
Contract Services/Private $200 Final estimates received after
budget preparation.
TOTAL BAYVIEW DRIVE DISTRICT
ADMINISTRATIVE EXPENSE FUND $200
LOWER PIER ADMINISTRATIVE
EXPENSE FUND (136)
Finance
Administrative Charges
Contract Services/Private $100 Final estimates received after
budget preparation.
TOTAL LOWER PIER ADMINISTRATIVE
EXPENSE FUND $100
MYRTLE DISTRICT ADMINISTRATIVE
EXPENSE FUND (137)
Finance
Administrative Charges
Contract Services/Private $100 Final estimates received after
budget preparation.
TOTAL MYRTLE DISTRICT
ADMINISTRATIVE EXPENSE FUND $100
COMMUNITY DEVELOPMENT BLOCK GRANT FUND
(140)
Community Development
CDBG Administration
Contract Services/Private ($100) Revised allocation from
Community Development
Commission per consultant.
7
COMMUNITY DEVELOPMENT BLOCK GRANT FUND
(140) continued
Public Works
CIP 644
Community Center Upgrades Phase 4
Contract Services/Private $10,305 Revision to the scope of the
project to include changing the
restroom stalls to be handicap
accessible.
TOTAL COMMUNITY DEVELOPMENT
BLOCK GRANT FUND $10,205
GRANTS FUND (150)
Public Works
Beverage Recycle Grant
Contract Services/Private $1,424 Adjust budget for final approved
grant amount.
Public Works
CIP 119
Street Improvements/Hermosa Avenue 26th
to 35th/Longfellow
Contract Services/Private $707,000 Appropriate approved construction
and construction management
funding from the Surface
Transportation Program Local
(STPL) grant received 10/11/2007.
TOTAL GRANTS FUND $708,424
SUPPLEMENTAL LAW ENFORCEMENT
SERVICES FUND – COPS (153)
Police
C.O.P.S. Program
Equipment more than $1,000 $2,000 Emergency Alert System (Reverse
911) to be utilized by the Police
Department and School District for
emergency communication, such
as notification of lockdown
situations, emergency evacuations
and disaster coordination.
TOTAL SUPPLEMENTAL LAW
ENFORCEMENT SERVICES FUND - COPS $2,000
8
SEWER FUND (160)
Public Works
Sewers and Storm Drains Division
Contract Services/Private $10,000 Increase rat abatement and roach
abatement in citywide manholes
and sewer lines. Current video
observations have indicated
increased pest problems.
Maintenance Materials $4,000 New/additional manhole frames
and covers needed for citywide
repairs.
Used Oil Block Grant
Contract Services/Private $5,164 Grant approval received after
budget was adopted.
TOTAL SEWER FUND $19,164
FIRE PROTECTION FUND (180)
Fire Department
CIP 610
Fire Station Upstairs Remodel/Addition
Contract Services/Private ($24,200) Reduce project to reflect Fire
Protection funds available for the
project.
CIP 640
Fire Station Renovation ($47,269) Reduce project to reflect Fire
Protection funds available for the
project.
TOTAL FIRE PROTECTION FUND ($71,469)
CAPITAL IMPROVEMENT FUND (301)
Public Works
Street Maintenance/Traffic Safety
Non-Capitalized Assets $11,946 Fund part of the purchase of the
traffic signal controller from the
Capital Improvement Fund due to
lack of funding in the Artesia
Boulevard Relinquishment Fund
$25,000 16
th Street and Pacific Coast
Highway signalized intersection
improvements: new traffic signal
heads, lane assignment, signage
and pavement markings to restrict
eastbound and westbound traffic
on 16th Street to left and right
turns only with no through traffic.
9
CAPITAL IMPROVEMENT FUND (301) continued
CIP 119
Street Improvements/Hermosa Avenue 26th
to 35th/Longfellow
Contract Services/Private $243,667 City matching for STPL project
construction costs.
CIP 535
Clark Field Improvements
Contract Services/Private ($109,017) Consulting fees for design of the
lighting and electrical systems will
be less than anticipated.
CIP 654
Community Center Electrical Upgrades
Contract Services/Private $20,000 Fee for consultant to prepare
contract documents and
construction estimate to upgrade
the Community Center site
electrical system.
TOTAL CAPITAL IMPROVEMENT FUND $191,596
ARTESIA BOULEVARD RELINQUISHMENT FUND (302)
Public Works
Street Maintenance/Traffic Safety
Non-Capitalized Assets ($11,946) Fund part of the purchase of the
traffic signal controller from the
Capital Improvement Fund instead
of the Artesia Boulevard
Relinquishment Fund due to lack
of funding.
TOTAL ARTESIA BOULEVARD
RELINQUISHMENT FUND ($11,946)
EQUIPMENT REPLACEMENT FUND (715)
Community Resources
Auto Maintenance $1,750 Additional funding required for
routine maintenance of
department vehicles.
Police
Building Improvements
$35,000 Penal system plumbing fixtures
must be replaced because they
are not in compliance per the
California Department of
Corrections and the Los Angeles
County Health Department.
10
EQUIPMENT REPLACEMENT FUND (715) continued
Public Works
Administration
Motor Fuels and Lubes $1,000 Additional funding to cover
increased cost of gasoline.
Building Maintenance Division
Auto Maintenance $2,700 Additional funding required due to
unanticipated replacement and
installation of truck engine.
Parks Division
Motor Fuels and Lubes $1,000 Additional funding to cover
increased cost of gasoline.
Auto Maintenance $2,000 Additional funding required due to
unanticipated repair of 4 x 4 truck
transmission.
Sewers and Storm Drains Division
Contract Services/Private $1,500 Additional funding needed to
replace funds transferred to
Building Maintenance for
unanticipated replacement of the
truck engine.
Motor Fuels and Lubes $1,000 Additional funding to cover
increased cost of gasoline.
Street Maintenance/Traffic Safety Division
Motor Fuels and Lubes $1,000 Additional funding to cover
increased cost of gasoline.
Auto Maintenance $690 Additional funding required to
repair trailer tongue/underbody
truck box.
TOTAL EQUIPMENT REPLACEMENT FUND $47,640
PERSONNEL CHANGES
GENERAL FUND (001)
Police
Regular Salaries
Special Duty Pay
Retirement
Uniform
Employee Benefits
Medicare
$24,784
$2,028
$17,812
$258
$5,115
$393
The Taskforce for Regional
Autotheft Prevention (TRAP) has
advised that effective 3/1/08,
funding for this position will no
longer be available from Los
Angeles County, therefore funding
is requested from the General
Fund.
TOTAL GENERAL FUND $50,390
11
PERSONNEL CHANGES
continued
TASKFORCE FOR REGIONAL AUTOTHEFT
PREVENTION FUND – TRAP (156)
Police Department
T.R.A.P. Taskforce
Regular Salaries
Special Duty Pay
Retirement
Uniform
Employee Benefits
Medicare
($24,784)
($2,028)
($17,812)
($258)
($5,115)
($393)
Reduction in TRAP Fund due to
lack of funding.
TOTAL TASKFORCE FOR REGIONAL
AUTOTHEFT PREVENTION FUND –
TRAP (156) ($50,390)
FINANCIAL POLICIES
The City Council’s adopted policies are:
General Fund – Any funds remaining unspent at year-end in the General Fund transfer equally
to the Contingency Fund, Insurance Fund, Equipment Replacement Fund and the Capital
Improvement Fund.
Compensated Absences Fund – Goal of fund balance equal to 25% funding for accrued
liabilities for employee vacation, sick and compensatory time.
Contingency Fund – Goal of fund balance equal to 15% of the General Fund appropriations for
economic uncertainties, unforeseen emergencies.
Insurance Fund – Goal of $3,000,000 in retained earnings for claims reserves and catastrophic
losses.
Equipment Replacement Fund – Goal of retained earnings equal to the accumulated amount
calculated for all equipment, based on replacement cost and useful life of equipment.
Retirement Stabilization Fund – Created with the 2004-05 Budget for use during times of rising
retirement costs, which recently have resulted primarily from reduced investment earnings.
Progress on Funding Goals
Fund Name
Goal
Estimated Fund
Balance 6/30/08
Over/(Under)
Goal Amount
Balance After Midyear
Recommendation
Compensated Absences
Fund
$272,655 $307,965 $35,310 $272,655
25.00% 25.00%
Contingency Fund* $3,977,569 $4,447,167 $469,598 $3,977,569
15.00% 16.77% 1.77% 15.00%
Insurance Fund* $3,000,000 ($409,182) ($3,409,182) $95,726
Equipment Replacement
Fund*
$2,005,472 $850,939 ($1,154,533) $850,939
Retirement Stabilization
Fund
Not specified $761,419 $761,419
*Balances shown are cash balances and do not include funds to be received over time from the payback of loans made to purchase
the storage property adjacent to City Hall.
12
Recommendations on Policies/Goals
• At 6/30/08, the Accrued Compensation Fund is over funded by $35,310. It is recommended that
this amount be transferred to the Insurance Fund.
• As is shown in the Over/(Under) Goal Amount column in the Goals chart on the previous page,
the Insurance Fund and Equipment Replacement Fund (ERF) are under funded according to
our policy. These two funds and the Contingency Fund are the funds that made the loan to the
Downtown Enhancement Fund (DEC) to purchase the property adjacent to City Hall. It is
recommended that the amount overfunded in the Contingency Fund, $469,598, be transferred
to the Insurance Fund. The Insurance Fund deficit is due to projected claims liabilities and
extraordinary legal costs.
• For 2007-08, the standard policy of transferring funds remaining at year-end 2008 will be followed,
which allocates 1/4 each to the Capital Improvement Fund, the Insurance Fund, the ERF and the
Contingency Fund.
THE CHALLENGE FOR NEXT YEAR
For next year, as with the current year, there will be several factors, negative and positive, affecting
preparation of the 2008-09 budget:
• All labor contracts expire 6/30/08.
• Retirement rates for all employees will be lower for 2008-09 due to improved CalPERS investment
returns and rate-smoothing policies implemented by CalPERS. At this time, the projection for rates
in 2009-10 is that they will also decline.
• At this point in time, there is no known impact to our General Fund due to the State’s huge deficit.
We will continue to monitor the State’s budget balancing actions as they unfold.
• Although we have some erosion in the UUT as mentioned previously, voter approval of the
modernized UUT ordinance protects this important source of revenue.
2008-09 budget preparations begin immediately after the midyear revisions are approved.
Respectfully submitted, Concur:
___________________________ ________________________
Viki Copeland Stephen R. Burrell
Finance Director City Manager
13
2007-08 Midyear ReviewCITY OF HERMOSA BEACH2007-082006-072006-072007-08 2008 IncreaseAccount NumberThru Dec 07 Thru Dec 06 Thru Year End Revised Budget Mdyr Revision(Decrease)001 General Fund3100 Taxes3101 Current Year Secured3,202,9902,860,8096,983,2227,758,1577,836,480 78,3233102 Current Year Unsecured319,451275,687348,678365,262372,9367,6743103 Prior Year Collections122,06174,088142,471127,492172,429 44,9373106 Supplemental Roll SB813179,168167,426517,853544,339529,595 (14,744)3107 Transfer Tax103,324100,571279,219264,730281,972 17,2423104 In-lieu Sales Tax00593,902607,366607,36603108 Sales Tax842,644868,8951,801,4881,823,4821,823,48203109 1/2 Cent Sales Tx Ext62,79063,106189,852190,000190,00003110 Cable TV Franchise62,29075,909273,932280,000263,897 (16,103)3111 Electric Franchise0074,37674,37674,37603112 Gas Franchise0062,65262,65262,65203113 Refuse Franchise90,84166,793174,404194,363198,4524,0893114 Transient Occupancy Tax793,079521,0111,769,0161,791,2521,820,000 28,7483115 Business License379,262354,985800,763797,562797,56203120 Utility User Tax1,090,8771,161,4812,769,1132,794,4552,698,510 (95,945)3122 Property tax In-lieu of Veh Lic Fees001,391,3201,486,3591,557,336 70,9773123 Verizon Nonexclusive Cable Franchise Fee12,29970221,20712,18232,804 20,622Total Taxes7,261,0766,591,46318,193,46819,174,02919,319,849 145,8203200 Licenses And Permits3202 Dog Licenses9,4788,39911,00010,00011,0001,0003203 Bicycle Licenses02626656503204 Building Permits232,718232,476408,208396,674396,67403205 Electric Permits34,33943,26483,66166,07666,07603206 Plumbing Permits39,26437,65772,49552,84065,684 12,8443207 Occupancy Permits10,4886,93814,97813,79015,0001,2103208 Grease Trap Permits2,208006,7509,6002,8503209 Garage Sales542151505003211 Banner Permits5,6003,0877,0566,5006,5000 14
2007-08 Midyear ReviewCITY OF HERMOSA BEACH2007-082006-072006-072007-08 2008 IncreaseAccount NumberThru Dec 07 Thru Dec 06 Thru Year End Revised Budget Mdyr Revision(Decrease)001 General Fund3212 Animal/Fowl Permits7800078783213 Animal Redemption Fee6788691,6181,7001,500(200)3214 Amplified Sound Permit1,3479771,9591,2001,8006003215 Temporary Sign Permit1,4641,8604,2003,0423,04203217 Open Fire Permit8351127283208355153218 Auto Repair Permit1357,3377,5907,3377,33703219 Newsrack Permits11401,4081,6531,8401873225 Taxicab Franchise Fees00157,855154,000154,0000Total Licenses And Permits338,800343,023772,833721,997741,081 19,0843300 Fines & Forfeitures3301 Municipal Court Fines130,052114,665310,682273,327311,000 37,6733302 Court Fines /Parking822,341631,9651,285,3431,450,3001,475,719 25,419Total Fines & Forfeitures952,393746,6301,596,0251,723,6271,786,719 63,0923400 Use Of Money & Property3401 Interest Income5,0454,036108,652162,96573,658 (89,307)3403 Pier Revenue42240590690090003404 Community Center Leases34,79737,39573,30574,00060,000 (14,000)3405 Community Center Rentals51,52942,33274,39960,00070,000 10,0003406 Community Center Theatre55,64027,24275,51655,00070,000 15,0003411 Other Facilities5,5078,26013,1697,0007,00003412 Tennis Courts10,7369,39919,06720,00020,00003418 Special Events34,17455,491100,60460,00060,00003450 Investment Discount1,0304192,0271,6141,7511373475 Investment Premium0(95)(95)000Total Use Of Money & Property198,880184,884467,550441,479363,309 (78,170)3500 Intergovernmental/State3505 In Lieu Motor Vehicle42,49557,853113,706129,45796,597 (32,860)3507 Highway Maintenance1,86401,8641,8641,8640 15
2007-08 Midyear ReviewCITY OF HERMOSA BEACH2007-082006-072006-072007-08 2008 IncreaseAccount NumberThru Dec 07 Thru Dec 06 Thru Year End Revised Budget Mdyr Revision(Decrease)001 General Fund3508 Mandated Costs13,97228,40856,7028,00013,9725,9723509 Homeowner Property Tax Relief12,09711,51276,74776,74780,6443,8973510 POST8,1194,5579,10910,00010,00003511 STC-Service Officer Training9238971,7945,0003,000 (2,000)Total Intergovernmental/State79,470103,227259,922231,068206,077 (24,991)3800 Current Service Charges3801 Residential Inspection20,36621,38153,93950,84441,222 (9,622)3802 Sign Review3,2621,9503,3063,3905,1821,7923803 Environmental Impact9533,8205,7267,6246,101 (1,523)3805 Conditional Use Permit Amendment5,18802,3702,3706,8214,4513806 Board Of Appeals5020001,0041,0043807 Refuse Lien Fees/Consolidated2,6762,384408408462543808 Zone Variance Review8,7956,68411,8298,57512,4453,8703809 Tentative Map Review7,36413,93819,37421,74415,076 (6,668)3810 Final Map Review4,92211,05519,21518,36017,891(469)3811 Zone Change/Gen Plan Amendment5,7185,4248,28311,43611,43603812 Conditional Use Review10,90030,46442,19326,06726,06703813 Plan Check Fees196,367160,377317,327320,754320,75403814 Planning/Zoning Appeal708033399999903815 Public Works Services39,76621,01356,52660,00060,00003816 Utility Improvement Project (per 250 lf)0002,0002,00003818 Police Services3,2611,6423,1923,5003,50003819 Jail Services17,50014,22534,05330,00035,0005,0003823 Special Event Security/Police21,10635,35864,08650,00050,00003825 Public Notice Posting1,0658761,7311,5301,53003827 Library Grounds Maintenance010,31710,31710,83210,83203831 Street Cut Inspection37,53561,318103,61465,00065,00003833 Recreation Service Charges4,432456,3339,6008,000 (1,600)3834 Encroachment Permit89,251118,744181,516190,000180,000 (10,000)3835 Youth Sports Admin Fee2,3400011,0006,340 (4,660) 16
2007-08 Midyear ReviewCITY OF HERMOSA BEACH2007-082006-072006-072007-08 2008 IncreaseAccount NumberThru Dec 07 Thru Dec 06 Thru Year End Revised Budget Mdyr Revision(Decrease)001 General Fund3837 Returned Check Charge1,1526961,7121,4001,7003003838 Sale Of Maps/Publications6667710010003839 Photocopy Charges4124681,1521,2001,20003840 Ambulance Transport214,668236,159471,468454,056454,05603841 Police Towing34,02428,34689,10660,00060,00003842 Parking Meters761,588722,1651,486,3931,490,0001,500,000 10,0003843 Parking Permits-Annual28,15225,545364,021340,000364,000 24,0003844 Daily Parking Permits7869961,5481,3501,35003848 Driveway Permits7682035194501,0005503849 Guest Permits1,0918641,6211,7001,70003850 Contractors Permits16,11414,94633,63932,00034,0002,0003851 Cash Key Revenue15,4929,51623,28418,00024,0006,0003852 Recreation Program Transaction Fee25,74511,82028,46634,50038,0003,5003857 Parking Plan Application8,3334,7079,5824,87511,7916,9163862 Alarm Permit Fee17639559960060003864 C.U.P./Fences/Walls0001,0031,4394363867 Precise Development Plans12,21418,44625,59247,64024,884 (22,756)3868 Public Noticing/300 Ft Radius9,4817,98414,97016,96616,96603870 Legal Determination Hearing0002,0802,2131333871 Passport Processing Fee14,28002,4806,00024,000 18,0003872 Passport Photo Fee3,68005802,0005,0003,0003878 Reinspection Fee2,1042531,5741,0402,1041,0643882 Spec Event Security/Fire3,8072,6285,8633,9243,92403883 Final/Tentative Map Extension3,5712,7277,9525,2255,22503884 Lot Line Adjustment1,5671,4732,9461,4731,567943886 Text Amendment/Private03,2845,0150003887 Lot Merger Hearing0001,4720 (1,472)3888 Planning Commission Appeals3,0384,34010,2298,8328,83203890 300 Ft Radius Noticing/Appeal to CC9009002,0251,8001,80003891 Appeal of Plng Comm Action to Council3,34801,5734,7194,71903893 Contract Recreation Classes226,130231,380365,263305,020305,0200 17
2007-08 Midyear ReviewCITY OF HERMOSA BEACH2007-082006-072006-072007-08 2008 IncreaseAccount NumberThru Dec 07 Thru Dec 06 Thru Year End Revised Budget Mdyr Revision(Decrease)001 General Fund3894 Other Recreation Programs78,11987,550108,68191,50091,50003895 Zoning Information Letters002000003896 Mailing Fee8101,3300003897 Admin Fee/TULIP Ins Certificate6023681753008005003899 C.U.P. Minor Amendment01,0691,0691,0690 (1,069)Total Current Service Charges1,955,3331,940,3194,016,3753,848,3273,881,152 32,8253900 Other Revenue3901 Sale of Real/Personal Property4220050050003902 Refunds/Reimb Previous Years8,23929,35734,35706,8226,8223903 Contributions Non Govt116,66050,88662,98621,710121,710 100,0003904 General Miscellaneous16,55744,23254,961037,839 37,8393905 Cable Franchise Acceptance Fee010,00010,0000003920 BCHD Healthy Cities Fund5,454021,83521,84021,84003945 In-Serv Firefighter Trng Prog/El Camino6,3008,10020,60012,26812,26803960 Verizon PEG Grant0050403,6603,660Total Other Revenue153,632142,575205,24356,318204,639 148,321Total General Fund10,939,584 10,052,12125,511,41626,196,84526,502,826 305,981105 Lightg/Landscapg Dist Fund3100 Taxes3101 Current Year Secured181,932181,999446,309447,990447,99003103 Prior Year Collections4,9824,0537,35310,33710,33703105 Assessment Rebates(1,157)(911)(2,806)(2,067)(2,067)0Total Taxes185,757185,141450,856456,260456,2600 18
2007-08 Midyear ReviewCITY OF HERMOSA BEACH2007-082006-072006-072007-08 2008 IncreaseAccount NumberThru Dec 07 Thru Dec 06 Thru Year End Revised Budget Mdyr Revision(Decrease)105 Lightg/Landscapg Dist Fund3400 Use Of Money & Property3401 Interest Income702535,4184,3045,4991,1953450 Investment Discount5010104691853475 Investment Premium0(2)(2)000Total Use Of Money & Property752615,5204,3105,5901,2803900 Other Revenue3902 Refunds/Reimb Previous Years9400000Total Other Revenue9400000Total Lightg/Landscapg Dist Fund186,603185,202456,376460,570461,8501,280109 Downtown Enhancement Fund3400 Use Of Money & Property3401 Interest Income7,04410,68945,41645,71432,529 (13,185)3419 Coke Machine Revenue-Centennial Celeb7060001,4001,4003425 Ground Lease14,25614,25628,51228,51228,51203427 Cell Site License15,76315,25926,51827,42527,42503431 Storage Facility Operating Lease91,14788,492179,197184,573184,57303450 Investment Discount488192621897726(171)3475 Investment Premium0(17)(17)000Total Use Of Money & Property129,404128,871280,247287,121275,165 (11,956)3800 Current Service Charges3815 Public Works Services3,6522,5986,9306,0006,00003844 Lot A Revenue117,560138,392261,655270,000222,408 (47,592)3846 North Pier Parking Structure Revenue300,762332,279641,854671,000582,208 (88,792)Total Current Service Charges421,974473,269910,439947,000810,616 (136,384)3900 Other Revenue3903 Contributions Non Govt49,16581,92286,11238,01549,164 11,149Total Other Revenue49,16581,92286,11238,01549,164 11,149Total Downtown Enhancement Fund600,543684,0621,276,7981,272,1361,134,945 (137,191) 19
2007-08 Midyear ReviewCITY OF HERMOSA BEACH2007-082006-072006-072007-08 2008 IncreaseAccount NumberThru Dec 07 Thru Dec 06 Thru Year End Revised Budget Mdyr Revision(Decrease)115 State Gas Tax Fund3400 Use Of Money & Property3401 Interest Income664,25314,60711,8654,120 (7,745)3450 Investment Discount256122329575(220)3475 Investment Premium0(2)(2)000Total Use Of Money & Property914,31214,82812,1604,195 (7,965)3500 Intergovernmental/State3501 Section 2106 Allocation24,24131,51380,67574,50074,50003502 Section 2107 Allocation53,95068,839173,278159,241169,325 10,0843503 Section 2107.5 Allocation04,0008,0004,0004,00003512 Section 2105 (Prop 111)39,65350,685129,413119,156126,3867,2303522 TDA Article 3/Local8,4244,66711,19811,20014,3753,1753552 Prop 42/AB2928 Traffic Congestion Relief0144,069144,069000Total Intergovernmental/State126,268303,773546,633368,097388,586 20,4893900 Other Revenue3902 Refunds/Reimb Previous Years00(3,820)000Total Other Revenue00(3,820)000Total State Gas Tax Fund126,359308,085557,641380,257392,781 12,524117 AB939 Fund3400 Use Of Money & Property3401 Interest Income6,3315,97822,64522,68322,007(676)3450 Investment Discount31795320421456353475 Investment Premium0(8)(8)000Total Use Of Money & Property6,6486,06522,95723,10422,463(641)3800 Current Service Charges3860 AB939 Surcharge24,27123,78357,59657,30757,3070Total Current Service Charges24,27123,78357,59657,30757,3070Total AB939 Fund30,91929,84880,55380,41179,770(641) 20
2007-08 Midyear ReviewCITY OF HERMOSA BEACH2007-082006-072006-072007-08 2008 IncreaseAccount NumberThru Dec 07 Thru Dec 06 Thru Year End Revised Budget Mdyr Revision(Decrease)121 Prop A Open Space Fund3600 Intergovernmental/County3608 Maintenance Allocation0020,55720,55720,55703613 Beach Restroom Rehab/Co Share000250,000250,00003625 Hermosa Senior Activity Center0000100,000 100,000Total Intergovernmental/County0020,557270,557370,557 100,000Total Prop A Open Space Fund0020,557270,557370,557 100,000122 Tyco Fund3400 Use Of Money & Property3401 Interest Income3,8592,54714,42212,56316,4293,8663426 Easement Agreement150,000150,000300,000300,000300,00003450 Investment Discount21857229244322783475 Investment Premium0(6)(6)000Total Use Of Money & Property154,077152,598314,645312,807316,7513,944Total Tyco Fund154,077152,598314,645312,807316,7513,944123 Tyco Tidelands3400 Use Of Money & Property3401 Interest Income5,9175,10120,20419,54220,5229803450 Investment Discount29681286364425613475 Investment Premium0(7)(7)000Total Use Of Money & Property6,2135,17520,48319,90620,9471,041Total Tyco Tidelands6,2135,17520,48319,90620,9471,041 21
2007-08 Midyear ReviewCITY OF HERMOSA BEACH2007-082006-072006-072007-08 2008 IncreaseAccount NumberThru Dec 07 Thru Dec 06 Thru Year End Revised Budget Mdyr Revision(Decrease)125 Park/Rec Facility Tax Fund3100 Taxes3116 Parks & Recreation Facility Tax03,5003,5003,5003,5000Total Taxes03,5003,5003,5003,50003400 Use Of Money & Property3401 Interest Income2,9645,19514,64418,8449,700 (9,144)3450 Investment Discount14386208366209(157)3475 Investment Premium0(7)(7)000Total Use Of Money & Property3,1075,27414,84519,2109,909 (9,301)3900 Other Revenue3910 Park/Recreation In Lieu Fee24,69234,48075,752310,496155,248 (155,248)Total Other Revenue24,69234,48075,752310,496155,248 (155,248)Total Park/Rec Facility Tax Fund27,79943,25494,097333,206168,657 (164,549)126 4% Utility Users Tax Fund3400 Use Of Money & Property3401 Interest Income195579352,094804 (1,290)3450 Investment Discount3914355(30)3475 Investment Premium0(1)(1)000Total Use Of Money & Property225659482,129809 (1,320)Total 4% Utility Users Tax Fund225659482,129809 (1,320)127 Building Improvement Fund3400 Use Of Money & Property3401 Interest Income6172284233209(24)3450 Investment Discount31465(1)Total Use Of Money & Property6473288239214(25)Total Building Improvement Fund6473288239214(25) 22
2007-08 Midyear ReviewCITY OF HERMOSA BEACH2007-082006-072006-072007-08 2008 IncreaseAccount NumberThru Dec 07 Thru Dec 06 Thru Year End Revised Budget Mdyr Revision(Decrease)135 Bayview Dr Dist Admin Exp Fund3400 Use Of Money & Property3401 Interest Income00425141(10)Total Use Of Money & Property00425141(10)3900 Other Revenue3925 Spec Assessment Admin Fees4,6204,2114,2114,4364,620184Total Other Revenue4,6204,2114,2114,4364,620184Total Bayview Dr Dist Admin Exp Fund4,6204,2114,2534,4874,661174136 Lower Pier Admin Exp Fund3900 Other Revenue3925 Special Assessment Admin Fees3,3243,0403,0403,2473,32477Total Other Revenue3,3243,0403,0403,2473,32477Total Lower Pier Admin Exp Fund3,3243,0403,0403,2473,32477137 Myrtle Dist Admin Exp Fund3400 Use Of Money & Property3401 Interest Income176142769531755224Total Use Of Money & Property1761427695317552243900 Other Revenue3925 Special Assessment Admin Fees9,3918,9908,9909,3379,39154Total Other Revenue9,3918,9908,9909,3379,39154Total Myrtle Dist Admin Exp Fund9,5679,1329,7599,86810,146278 23
2007-08 Midyear ReviewCITY OF HERMOSA BEACH2007-082006-072006-072007-08 2008 IncreaseAccount NumberThru Dec 07 Thru Dec 06 Thru Year End Revised Budget Mdyr Revision(Decrease)138 Loma Dist Admin Exp Fund3400 Use Of Money & Property3401 Interest Income2401951,012763981218Total Use Of Money & Property2401951,0127639812183900 Other Revenue3925 Special Assessment Admin Fees10,3799,9909,99010,38510,379(6)Total Other Revenue10,3799,9909,99010,38510,379(6)Total Loma Dist Admin Exp Fund10,61910,18511,00211,14811,360212139 Beach Dr Assmnt Dist Admin Exp Fund3400 Use Of Money & Property3401 Interest Income00695131(20)Total Use Of Money & Property00695131(20)3900 Other Revenue3925 Special Assessment Admin Fees2,9582,7432,7953,0402,958(82)Total Other Revenue2,9582,7432,7953,0402,958(82)Total Beach Dr Assmnt Dist Admin Exp Fund2,9582,7432,8643,0912,989(102)140 Community Dev Block Grant3700 Intergovernmental/Federal3715 CDBG Administration1,30909,7969,7009,600(100)3723 Community Center Theatre/Phase III-V04,123(4,404)173,804184,109 10,305Total Intergovernmental/Federal1,3094,1235,392183,504193,709 10,205Total Community Dev Block Grant1,3094,1235,392183,504193,709 10,205 24
2007-08 Midyear ReviewCITY OF HERMOSA BEACH2007-082006-072006-072007-08 2008 IncreaseAccount NumberThru Dec 07 Thru Dec 06 Thru Year End Revised Budget Mdyr Revision(Decrease)145 Proposition A Fund3100 Taxes3117 Proposition A Transit130,764161,047313,868315,511315,5110Total Taxes130,764161,047313,868315,511315,51103400 Use Of Money & Property3401 Interest Income15,47910,49746,43436,29252,499 16,2073450 Investment Discount7651636457551,0853303475 Investment Premium0(12)(12)000Total Use Of Money & Property16,24410,64847,06737,04753,584 16,5373800 Current Service Charges3853 Dial-A-Taxi Program2,0352,5704,8405,0004,840(160)3855 Bus Passes5673628358001,040240Total Current Service Charges2,6022,9325,6755,8005,880803900 Other Revenue3902 Refunds/Reimb Previous Years0(14)(14)000Total Other Revenue0(14)(14)000Total Proposition A Fund149,610174,613366,596358,358374,975 16,617146 Proposition C Fund3100 Taxes3118 Proposition C Local Return109,408134,340261,155262,100262,1000Total Taxes109,408134,340261,155262,100262,10003400 Use Of Money & Property3401 Interest Income38,71629,506122,606107,714132,991 25,2773450 Investment Discount1,9284631,7232,1062,7486423475 Investment Premium0(36)(36)000Total Use Of Money & Property40,64429,933124,293109,820135,739 25,919Total Proposition C Fund150,052164,273385,448371,920397,839 25,919 25
2007-08 Midyear ReviewCITY OF HERMOSA BEACH2007-082006-072006-072007-08 2008 IncreaseAccount NumberThru Dec 07 Thru Dec 06 Thru Year End Revised Budget Mdyr Revision(Decrease)150 Grants Fund3500 Intergovernmental/State3558 Beverage Recycling Grant5,1655,2615,26105,1655,1653570 Clean Beaches Initiative Grant (Prop 50)000640,000640,0000Total Intergovernmental/State5,1655,2615,261640,000645,1655,1653600 Intergovernmental/County3604 County of LA Measure B Funds16,949049,92716,95016,9500Total Intergovernmental/County16,949049,92716,95016,95003700 Intergovernmental/Federal3732 STPL Street Improvement Reimb0042,6369,624716,624 707,0003736 Bulletproof Vest Partnership004,1870003739 Assistance to Firefighters Fed Grant0064,718000Total Intergovernmental/Federal00111,5419,624716,624 707,0003900 Other Revenue3965 Fireman's Fund Emerg Prep Prog Grant9,229009,2299,2290Total Other Revenue9,229009,2299,2290Total Grants Fund31,3435,261166,729675,8031,387,968 712,165151 Ofc of Traffic Sfty Grant Fund3500 Intergovernmental/State3565 Ticket Writer/Traffic Mgmt Grant00128,072000Total Intergovernmental/State00128,072000Total Ofc of Traffic Sfty Grant Fund00128,072000 26
2007-08 Midyear ReviewCITY OF HERMOSA BEACH2007-082006-072006-072007-08 2008 IncreaseAccount NumberThru Dec 07 Thru Dec 06 Thru Year End Revised Budget Mdyr Revision(Decrease)152 Air Quality Mgmt Dist Fund3400 Use Of Money & Property3401 Interest Income2,1351,4036,2084,8867,2502,3643450 Investment Discount105218598148503475 Investment Premium0(2)(2)000Total Use Of Money & Property2,2401,4226,2914,9847,3982,4143500 Intergovernmental/State3538 AQMD Emission Control AB27665,9325,94523,32423,75123,7510Total Intergovernmental/State5,9325,94523,32423,75123,7510Total Air Quality Mgmt Dist Fund8,1727,36729,61528,73531,1492,414153 Supp Law Enf Serv Fund (SLESF)3100 Taxes3135 C.O.P.S. Allocation100,000100,000100,000100,000100,0000Total Taxes100,000100,000100,000100,000100,00003400 Use Of Money & Property3401 Interest Income2,8502,69714,88812,91212,91313450 Investment Discount17553219250266163475 Investment Premium0(3)(3)000Total Use Of Money & Property3,0252,74715,10413,16213,17917Total Supp Law Enf Serv Fund (SLESF)103,025102,747115,104113,162113,17917154 CA Law Enf Equip Prog Fund (CLEEP)3400 Use Of Money & Property3401 Interest Income2510216634995(254)3450 Investment Discount12262(4)Total Use Of Money & Property2610416835597(258)Total CA Law Enf Equip Prog Fund (CLEEP)2610416835597(258) 27
2007-08 Midyear ReviewCITY OF HERMOSA BEACH2007-082006-072006-072007-08 2008 IncreaseAccount NumberThru Dec 07 Thru Dec 06 Thru Year End Revised Budget Mdyr Revision(Decrease)156 Taskforce for Reg Autotheft Prev (TRAP)3600 Intergovernmental/County3620 T.R.A.P. Taskforce Reimbursement00137,078155,401105,011 (50,390)Total Intergovernmental/County00137,078155,401105,011 (50,390)Total Taskforce for Reg Autotheft Prev (TRAP)00137,078155,401105,011 (50,390)160 Sewer Fund3400 Use Of Money & Property3401 Interest Income15,21317,14655,51664,90849,697 (15,211)3450 Investment Discount6982617881,1271,013(114)3475 Investment Premium0(24)(24)000Total Use Of Money & Property15,91117,38356,28066,03550,710 (15,325)3500 Intergovernmental/State3550 CA Waste Oil Recycling Grant01,0395,95105,1645,164Total Intergovernmental/State01,0395,95105,1645,1643600 Intergovernmental/County3602 Beach Outlet Maintenance005,7698,00025,000 17,000Total Intergovernmental/County005,7698,00025,000 17,0003800 Current Service Charges3828 Sewer Connection Fee95622,24729,38927,50213,751 (13,751)3829 Sewer Demolition Fee3,5211,8693,4926,0006,00003832 Sewer Lateral Installation2,8665,93713,42710,00010,0000Total Current Service Charges7,34330,05346,30843,50229,751 (13,751)3900 Other Revenue3902 Refunds/Reimb Previous Years0(460)(460)0003917 Adopt-A-Storm Drain Donation7201,0725,8404,0004,0000Total Other Revenue7206125,3804,0004,0000Total Sewer Fund23,97449,087119,688121,537114,625 (6,912) 28
2007-08 Midyear ReviewCITY OF HERMOSA BEACH2007-082006-072006-072007-08 2008 IncreaseAccount NumberThru Dec 07 Thru Dec 06 Thru Year End Revised Budget Mdyr Revision(Decrease)170 Asset Seizure/Forft Fund3300 Fines & Forfeitures3304 State Forfeited Funds2,8264713,1067504,0003,2503307 Department of Justice Forfeited Funds1,9831,56916,5243,0004,0001,0003308 Department of Treasury Forfeited Funds4,0631221223005,0004,700Total Fines & Forfeitures8,8722,16219,7524,05013,0008,9503400 Use Of Money & Property3401 Interest Income1,3981,3084,8404,3044,9596553450 Investment Discount662172949623475 Investment Premium0(2)(2)000Total Use Of Money & Property1,4641,3274,9104,3985,055657Total Asset Seizure/Forft Fund10,3363,48924,6628,44818,0559,607180 Fire Protection Fund3400 Use Of Money & Property3401 Interest Income2,6983,34812,29213,1449,751 (3,393)3450 Investment Discount13955176246206(40)3475 Investment Premium0(5)(5)000Total Use Of Money & Property2,8373,39812,46313,3909,957 (3,433)3900 Other Revenue3912 Fire Flow Fee41,07171,45897,699102,775102,7750Total Other Revenue41,07171,45897,699102,775102,7750Total Fire Protection Fund43,90874,856110,162116,165112,732 (3,433) 29
2007-08 Midyear ReviewCITY OF HERMOSA BEACH2007-082006-072006-072007-08 2008 IncreaseAccount NumberThru Dec 07 Thru Dec 06 Thru Year End Revised Budget Mdyr Revision(Decrease)198 Retirement Stabilization Fund3400 Use Of Money & Property3401 Interest Income18,27019,38871,62578,86664,054 (14,812)3450 Investment Discount9203061,0141,3651,336(29)3475 Investment Premium0(25)(25)000Total Use Of Money & Property19,19019,66972,61480,23165,390 (14,841)Total Retirement Stabilization Fund19,19019,66972,61480,23165,390 (14,841)199 Contingency Fund3400 Use Of Money & Property3401 Interest Income85,65368,505270,871219,732289,218 69,4863450 Investment Discount4,1841,0223,7644,5775,9511,3743475 Investment Premium0(71)(71)000Total Use Of Money & Property89,83769,456274,564224,309295,169 70,860Total Contingency Fund89,83769,456274,564224,309295,169 70,860301 Capital Improvement Fund3400 Use Of Money & Property3401 Interest Income41,46773,466189,987258,700139,672 (119,028)3450 Investment Discount1,9861,0912,5714,6242,854 (1,770)3475 Investment Premium0(89)(89)000Total Use Of Money & Property43,45374,468192,469263,324142,526 (120,798)Total Capital Improvement Fund43,45374,468192,469263,324142,526 (120,798)302 Artesia Blvd Relinquishment3400 Use Of Money & Property3401 Interest Income8486,66312,88425,4743,518 (21,956)3450 Investment Discount4410317443973(366)3475 Investment Premium0(9)(9)000Total Use Of Money & Property8926,75713,04925,9133,591 (22,322)Total Artesia Blvd Relinquishment8926,75713,04925,9133,591 (22,322) 30
2007-08 Midyear ReviewCITY OF HERMOSA BEACH2007-082006-072006-072007-08 2008 IncreaseAccount NumberThru Dec 07 Thru Dec 06 Thru Year End Revised Budget Mdyr Revision(Decrease)307 Myrtle Util Undrgrnd Impr Fund3400 Use Of Money & Property3401 Interest Income191164652582641593450 Investment Discount103912131Total Use Of Money & Property20116766159465460Total Myrtle Util Undrgrnd Impr Fund20116766159465460309 Bayview Dr Util Undrgrndng Dist Imp Fund3400 Use Of Money & Property3401 Interest Income4,2753,85115,26614,19114,7595683450 Investment Discount21659212269310413475 Investment Premium0(5)(5)000Total Use Of Money & Property4,4913,90515,47314,46015,069609Total Bayview Dr Util Undrgrndng Dist Imp Fun4,4913,90515,47314,46015,069609311 Beach Dr Assessment Dist Improvmnt Fund3400 Use Of Money & Property3401 Interest Income1,7561,5816,1355,7006,1034033450 Investment Discount882485128126(2)3475 Investment Premium0(2)(2)000Total Use Of Money & Property1,8441,6036,2185,8286,229401Total Beach Dr Assessment Dist Improvmnt Fu1,8441,6036,2185,8286,229401609 Bayview Dr Redemption Fund 2004-23400 Use Of Money & Property3401 Interest Income1,787922,2813,0245,7222,698Total Use Of Money & Property1,787922,2813,0245,7222,698Total Bayview Dr Redemption Fund 2004-21,787922,2813,0245,7222,698 31
2007-08 Midyear ReviewCITY OF HERMOSA BEACH2007-082006-072006-072007-08 2008 IncreaseAccount NumberThru Dec 07 Thru Dec 06 Thru Year End Revised Budget Mdyr Revision(Decrease)610 Lwr Pier Dist Redemption Fund3400 Use Of Money & Property3401 Interest Income2131091,7271,3961,45054Total Use Of Money & Property2131091,7271,3961,45054Total Lwr Pier Dist Redemption Fund2131091,7271,3961,45054611 Beach Dr Assessment Dist Redemption Fund3400 Use Of Money & Property3401 Interest Income571083569871921Total Use Of Money & Property571083569871921Total Beach Dr Assessment Dist Redemption F571083569871921612 Beach Dr Assessment Dist Reserve Fund3400 Use Of Money & Property3401 Interest Income7363251233230(3)Total Use Of Money & Property7363251233230(3)Total Beach Dr Assessment Dist Reserve Fund7363251233230(3)617 Myrtle Ave Assessment Fund3400 Use Of Money & Property3401 Interest Income4253563,6203,1413,055(86)Total Use Of Money & Property4253563,6203,1413,055(86)Total Myrtle Ave Assessment Fund4253563,6203,1413,055(86) 32
2007-08 Midyear ReviewCITY OF HERMOSA BEACH2007-082006-072006-072007-08 2008 IncreaseAccount NumberThru Dec 07 Thru Dec 06 Thru Year End Revised Budget Mdyr Revision(Decrease)618 Loma Drive Assessment Fund3400 Use Of Money & Property3401 Interest Income3762813,6543,9553,107(848)Total Use Of Money & Property3762813,6543,9553,107(848)Total Loma Drive Assessment Fund3762813,6543,9553,107(848)619 Bayview Dr Reserve Fund 2004-23400 Use Of Money & Property3401 Interest Income24121183681483218Total Use Of Money & Property24121183681483218Total Bayview Dr Reserve Fund 2004-224121183681483218705 Insurance Fund3800 Current Service Charges3880 Insurance Service Charges952,356849,2101,698,4171,904,7111,904,7110Total Current Service Charges952,356849,2101,698,4171,904,7111,904,71103900 Other Revenue3902 Refunds/Reimb Previous Years61,8072,40065,0612,40061,807 59,4073906 ICRMA Police Certification Grant0005,0005,0000Total Other Revenue61,8072,40065,0617,40066,807 59,407Total Insurance Fund1,014,163851,6101,763,4781,912,1111,971,518 59,407 33
2007-08 Midyear ReviewCITY OF HERMOSA BEACH2007-082006-072006-072007-08 2008 IncreaseAccount NumberThru Dec 07 Thru Dec 06 Thru Year End Revised Budget Mdyr Revision(Decrease)715 Equipment Replacement Fund3800 Current Service Charges3885 Comm Equip/Business Mach Charges258,791244,362488,726517,575517,57503889 Vehicle/Equip Replacement Charges415,560386,064772,131831,109831,1090Total Current Service Charges674,351630,4261,260,8571,348,6841,348,68403900 Other Revenue3901 Sale of Real/Personal Property20,9431,4681,468020,943 20,9433902 Refunds/Reimb Previous Years008690003903 Contributions Non Govt1,5003,2505,0001,5003,0001,500Total Other Revenue22,4434,7187,3371,50023,943 22,443Total Equipment Replacement Fund696,794635,1441,268,1941,350,1841,372,627 22,443Grand Total14,499,063 13,740,11533,573,35835,384,50736,219,814 835,307 34
CITY OF HERMOSA BEACH BUDGET SUMMARY
2007-08 MIDYEAR REVIEW
LIGHTING DOWNTOWN
GENERAL LANDSCAPING ENHANCEMENT
FUND FUND FUND
001 105 109
ESTIMATED REVENUE
Taxes $19,319,849 $456,260 $0
Licenses/Permits $741,081 $0 $0
Fines/Forfeitures $1,786,719 $0 $0
Use of Money/Property $363,309 $5,590 $275,165
Intergovernmental/State $206,077 $0 $0
Intergovernmental/County $0 $0 $0
Intergovernmental/Federal $0 $0 $0
Current Service Charges $3,881,152 $0 $810,616
Other Revenue $204,639 $0 $49,164
TOTAL ESTIMATED REVENUE $26,502,826 $461,850 $1,134,945
INTERFUND TRANSFERS IN $869,239 $98,440 $0
ESTIMATED FUNDS AVAILABLE $27,372,065 $560,290 $1,134,945
ACTUAL FUND BALANCE
7/1/07 $310,693 $100,704 $8,707,211
TOTAL FUNDS AVAILABLE $27,682,758 $660,994 $9,842,156
APPROPRIATIONS
Operating Budget $26,501,127 $591,118 $1,218,593 2
Capital Outlay $16,000 $0 $0
Capital Improvements $0 $0 $41,600
TOTAL APPROPRIATIONS $26,517,127 $591,118 $1,260,193
INTERFUND TRANSFERS OUT $798,440 $10,835 $4,259
TOTAL APPROPRIATIONS/TRANSFERS OUT $27,315,567 $601,953 $1,264,452
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS 1
ESTIMATED FUND BALANCE 6/30/08 $367,191 (a)$59,041 $8,577,704 (b)
(a) DESIGNATIONS/RESERVES OF FUND BALANCE:(b) Investment In
Affordable Housing $111,831 Fixed Assets
Reserve for Capital Outlay $9,592 $10,329,833
Reserve Greenwald Theatre Improvement
donation $100,000
Sales Tax Receivable - Due 01/09 $145,768
$367,191
Storage Lot Loan (reduced by lease revenue) $1,786,553
Available Fund Balance 6/30/08 $0 $59,041 $34,424
1 Reflects increase to fund balance for fixed asset purchases 2Funded from Previous Year
in Enterprise/Internal Service Funds.Centennial Donations
$66,324
35
CITY OF HERMOSA BEACH BUDGET SUMMARY
2007-08 MIDYEAR REVIEW
COMPENSATED PROP A STATE GAS AB 939 ABSENCES OPEN SPACE TYCO
TAX FUND FUND FUND FUND FUND
115 117 119 121 122
ESTIMATED REVENUE
Taxes $0 $0 $0 $0 $0
Licenses/Permits $0 $0 $0 $0 $0
Fines/Forfeitures $0 $0 $0 $0 $0
Use of Money/Property $4,195 $22,463 $0 $0 $316,751
Intergovernmental/State $388,586 $0 $0 $0 $0
Intergovernmental/County $0 $0 $0 $370,557 $0
Intergovernmental/Federal $0 $0 $0 $0 $0
Current Service Charges $0 $57,307 $0 $0 $0
Other Revenue $0 $0 $0 $0 $0
TOTAL ESTIMATED REVENUE $392,781 $79,770 $0 $370,557 $316,751
INTERFUND TRANSFERS IN $0 $0 $0 $0
ESTIMATED FUNDS AVAILABLE $392,781 $79,770 $0 $370,557 $316,751
ACTUAL FUND BALANCE
7/1/07 $71,557 $303,134 $307,965 $3 $206,008
TOTAL FUNDS AVAILABLE $464,338 $382,904 $307,965 $370,560 $522,759
APPROPRIATIONS
Operating Budget $14,375 $99,264 $0 $0 $0
Capital Outlay $0 $0 $0 $0 $0
Capital Improvements $37,482 $41,600 $0 $350,000 $213,799
TOTAL APPROPRIATIONS $51,857 $140,864 $0 $350,000 $213,799
INTERFUND TRANSFERS OUT $352,897 $0 $35,310 $20,557 $175,000
TOTAL APPROPRIATIONS/TRANSFERS OUT $404,754 $140,864 $35,310 $370,557 $388,799
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS 1
ESTIMATED FUND BALANCE 6/30/08 $59,584 $242,040 $272,655 $3 $133,960
Available Fund Balance 6/30/08 $59,584 $242,040 $272,655 $3 $133,960
1 Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
36
CITY OF HERMOSA BEACH BUDGET SUMMARY
2007-08 MIDYEAR REVIEW
BAYVIEW DRIVE
PARK/4% UTILITY USER DISTRICT
TYCO RECREATION TAX RAILROAD BUILDING ADMINISTRATIVE
TIDELANDS FACILITY TAX RIGHT OF IMPROVEMENT EXPENSE
FUND FUND WAY FUND FUND FUND
123 125 126 127 135
ESTIMATED REVENUE
Taxes $0 $3,500 $0 $0 $0
Licenses/Permits $0 $0 $0 $0 $0
Fines/Forfeitures $0 $0 $0 $0 $0
Use of Money/Property $20,947 $9,909 $809 $214 $41
Intergovernmental/State $0 $0 $0 $0 $0
Intergovernmental/County $0 $0 $0 $0 $0
Intergovernmental/Federal $0 $0 $0 $0 $0
Current Service Charges $0 $0 $0 $0 $0
Other Revenue $0 $155,248 $0 $0 $4,620
TOTAL ESTIMATED REVENUE $20,947 $168,657 $809 $214 $4,661
INTERFUND TRANSFERS IN $0 $0 $0 $0 $0
ESTIMATED FUNDS AVAILABLE $20,947 $168,657 $809 $214 $4,661
ACTUAL FUND BALANCE
7/1/07 $283,436 $130,060 ($809) $3,658 $80
TOTAL FUNDS AVAILABLE $304,383 $298,717 $0 $3,872 $4,741
APPROPRIATIONS
Operating Budget $0 $94,785 $0 $0 $1,944
Capital Outlay $0 $13,448 $0 $0 $0
Capital Improvements $301,950 $190,484 $0 $0 $0
TOTAL APPROPRIATIONS $301,950 $298,717 $0 $0 $1,944
INTERFUND TRANSFERS OUT $0 $0 $0 $0 $2,693
TOTAL APPROPRIATIONS/TRANSFERS OUT $301,950 $298,717 $0 $0 $4,637
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS 1
ESTIMATED FUND BALANCE 6/30/08 $2,433 $0 $0 $3,872 $104
Available Fund Balance 6/30/08 $2,433 $0 $0 $3,872 $104
1 Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
37
CITY OF HERMOSA BEACH BUDGET SUMMARY
2007-08 MIDYEAR REVIEW
BEACH DRIVE
LOWER PIER MYRTLE DISTRICT LOMA DISTRICT ASSESSMENT DISTRICT ADMINISTRATIVE ADMINISTRATIVE ADMINISTRATIVE ADMINISTRATIVE EXPENSE EXPENSE EXPENSE EXPENSE
FUND FUND FUND FUND
136 137 138 139
ESTIMATED REVENUE
Taxes $0 $0 $0 $0
Licenses/Permits $0 $0 $0 $0
Fines/Forfeitures $0 $0 $0 $0
Use of Money/Property $0 $755 $981 $31
Intergovernmental/State $0 $0 $0 $0
Intergovernmental/County $0 $0 $0 $0
Intergovernmental/Federal $0 $0 $0 $0
Current Service Charges $0 $0 $0 $0
Other Revenue $3,324 $9,391 $10,379 $2,958
TOTAL ESTIMATED REVENUE $3,324 $10,146 $11,360 $2,989
INTERFUND TRANSFERS IN $0 $0 $0 $0
ESTIMATED FUNDS AVAILABLE $3,324 $10,146 $11,360 $2,989
ACTUAL FUND BALANCE
7/1/07 $1,856 $9,345 $12,544 $197
TOTAL FUNDS AVAILABLE $5,180 $19,491 $23,904 $3,186
APPROPRIATIONS
Operating Budget $2,215 $6,157 $6,634 $1,896
Capital Outlay $0 $0 $0 $0
Capital Improvements $0 $0 $0 $0
TOTAL APPROPRIATIONS $2,215 $6,157 $6,634 $1,896
INTERFUND TRANSFERS OUT $1,132 $3,279 $3,748 $1,144
TOTAL APPROPRIATIONS/TRANSFERS OUT $3,347 $9,436 $10,382 $3,040
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS 1
ESTIMATED FUND BALANCE 6/30/08 $1,833 $10,055 $13,522 $146
Available Fund Balance 6/30/08 $1,833 $10,055 $13,522 $146
1 Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
38
CITY OF HERMOSA BEACH BUDGET SUMMARY
2007-08 MIDYEAR REVIEW
COMMUNITY
DEVELOPMENT PROPOSITION PROPOSITION
BLOCK GRANT A C GRANTS
FUND FUND FUND FUND
140 145 146 150
ESTIMATED REVENUE
Taxes $0 $315,511 $262,100 $0
Licenses/Permits $0 $0 $0 $0
Fines/Forfeitures $0 $0 $0 $0
Use of Money/Property $0 $53,584 $135,739 $0
Intergovernmental/State $0 $0 $0 $645,165
Intergovernmental/County $0 $0 $0 $16,950
Intergovernmental/Federal $193,709 $0 $0 $716,624
Current Service Charges $0 $5,880 $0 $0
Other Revenue $0 $0 $0 $9,229
TOTAL ESTIMATED REVENUE $193,709 $374,975 $397,839 $1,387,968
INTERFUND TRANSFERS IN $0 $0 $0 $0
ESTIMATED FUNDS AVAILABLE $193,709 $374,975 $397,839 $1,387,968
ACTUAL FUND BALANCE
7/1/07 $5 $668,598 $1,788,130 $7,874
TOTAL FUNDS AVAILABLE $193,714 $1,043,573 $2,185,969 $1,395,842
APPROPRIATIONS
Operating Budget $9,600 $184,301 $1,600 $22,268
Capital Outlay $0 $0 $0 $16,950
Capital Improvements $184,109 $0 $1,662,016 $1,356,624
TOTAL APPROPRIATIONS $193,709 $184,301 $1,663,616 $1,395,842
INTERFUND TRANSFERS OUT $0 $0 $0 $0
TOTAL APPROPRIATIONS/TRANSFERS OUT $193,709 $184,301 $1,663,616 $1,395,842
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS 1
ESTIMATED FUND BALANCE 6/30/08 $5 $859,272 $522,353 $0
Available Fund Balance 6/30/08 $5 $859,272 $522,353 $0
1 Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
39
CITY OF HERMOSA BEACH BUDGET SUMMARY
2007-08 MIDYEAR REVIEW
SUPPLEMENTAL CALIFORNIA
AIR QUALITY LAW ENFORCEMENT LAW ENFORCEMENT
IMPROVEMENT SERVICES EQUIPMENT PROGRAM
FUND FUND FUND
152 153 154
ESTIMATED REVENUE
Taxes $0 $100,000 $0
Licenses/Permits $0 $0 $0
Fines/Forfeitures $0 $0 $0
Use of Money/Property $7,398 $13,179 $97
Intergovernmental/State $23,751 $0 $0
Intergovernmental/County $0 $0 $0
Intergovernmental/Federal $0 $0 $0
Current Service Charges $0 $0 $0
Other Revenue $0 $0 $0
TOTAL ESTIMATED REVENUE $31,149 $113,179 $97
INTERFUND TRANSFERS IN $0 $0 $0
ESTIMATED FUNDS AVAILABLE $31,149 $113,179 $97
ACTUAL FUND BALANCE
7/1/07 $102,419 $161,571 $1,587
TOTAL FUNDS AVAILABLE $133,568 $274,750 $1,684
APPROPRIATIONS
Operating Budget $1,000 $69,659 $0
Capital Outlay $0 $103,500 $0
Capital Improvements $0 $0 $0
TOTAL APPROPRIATIONS $1,000 $173,159 $0
INTERFUND TRANSFERS OUT $0 $0 $0
TOTAL APPROPRIATIONS/TRANSFERS OUT $1,000 $173,159 $0
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS 1
ESTIMATED FUND BALANCE 6/30/08 $132,568 $101,591 $1,684
Available Fund Balance 6/30/08 $132,568 $101,591 $1,684
1 Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
40
CITY OF HERMOSA BEACH BUDGET SUMMARY
2007-08 MIDYEAR REVIEW
TASKFORCE FOR
REG AUTOTHEFT ASSET SEIZURE/FIRE
PREVENTION SEWER FORFEITURE PROTECTION
FUND FUND FUND FUND
156 160 170 180
ESTIMATED REVENUE
Taxes $0 $0 $0 $0
Licenses/Permits $0 $0 $0 $0
Fines/Forfeitures $0 $0 $13,000 $0
Use of Money/Property $0 $50,710 $5,055 $9,957
Intergovernmental/State $105,011 $5,164 $0 $0
Intergovernmental/County $0 $25,000 $0 $0
Intergovernmental/Federal $0 $0 $0 $0
Current Service Charges $0 $29,751 $0 $0
Other Revenue $0 $4,000 $0 $102,775
TOTAL ESTIMATED REVENUE $105,011 $114,625 $18,055 $112,732
INTERFUND TRANSFERS IN $0 $700,000 $0 $0
ESTIMATED FUNDS AVAILABLE $105,011 $814,625 $18,055 $112,732
ACTUAL FUND BALANCE
7/1/07 $0 $637,637 $64,929 $153,108
TOTAL FUNDS AVAILABLE $105,011 $1,452,262 $82,984 $265,840
APPROPRIATIONS
Operating Budget $105,011 $753,205 $0 $0
Capital Outlay $0 $0 $0 $0
Capital Improvements $0 $581,999 $0 $103,840
TOTAL APPROPRIATIONS $105,011 $1,335,204 $0 $103,840
INTERFUND TRANSFERS OUT $0 $15,600 $0 $162,000
TOTAL APPROPRIATIONS/TRANSFERS OUT $105,011 $1,350,804 $0 $265,840
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS 1
ESTIMATED FUND BALANCE 6/30/08 $0 $101,458 $82,984 (c)$0
(c) Designated Dept of Justice Funds
$9,989
(c) Designated Dept of Treasury Funds
$730
Available Fund Balance 6/30/08 $0 $101,458 $72,265 $0
1 Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
41
CITY OF HERMOSA BEACH BUDGET SUMMARY
2007-08 MIDYEAR REVIEW
RETIREMENT CAPITAL ARTESIA BLVD
STABILIZATION CONTINGENCY IMPROVEMENT RELINQUISHMENT
FUND FUND FUND FUND
198 199 301 302
ESTIMATED REVENUE
Taxes $0 $0 $0 $0
Licenses/Permits $0 $0 $0 $0
Fines/Forfeitures $0 $0 $0 $0
Use of Money/Property $65,390 $295,169 $142,526 $3,591
Intergovernmental/State $0 $0 $0 $0
Intergovernmental/County $0 $0 $0 $0
Intergovernmental/Federal $0 $0 $0 $0
Current Service Charges $0 $0 $0 $0
Other Revenue $0 $0 $0 $0
TOTAL ESTIMATED REVENUE $65,390 $295,169 $142,526 $3,591
INTERFUND TRANSFERS IN $0 $0 $175,000 $0
ESTIMATED FUNDS AVAILABLE $65,390 $295,169 $317,526 $3,591
ACTUAL FUND BALANCE
7/1/07 $930,819 $4,582,846 $2,153,186 $18,463
TOTAL FUNDS AVAILABLE $996,209 $4,878,015 $2,470,712 $22,054
APPROPRIATIONS
Operating Budget $0 $0 $0 $4,000
Capital Outlay $0 $0 $36,946 $18,054
Capital Improvements $0 $0 $2,128,800 $0
TOTAL APPROPRIATIONS $0 $0 $2,165,746 $22,054
INTERFUND TRANSFERS OUT $234,790 $469,598 $56,305 $0
TOTAL APPROPRIATIONS/TRANSFERS OUT $234,790 $469,598 $2,222,051 $22,054
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS 1
ESTIMATED FUND BALANCE 6/30/08 $761,419 $4,408,417 (d) $248,661 (d)$0
(d) RESERVES: (d) RESERVES:
Advance to Utility Advance to Utility Districts
Districts $200,000
$65,520
Storage Lot Loan (reduced by lease revenue)($365,328)
Available Fund Balance 6/30/08 $761,419 $3,977,569 $48,661 $0
1 Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
42
CITY OF HERMOSA BEACH BUDGET SUMMARY
2007-08 MIDYEAR REVIEW
BAYVIEW DRIVE
BEACH DRIVE 2 MYRTLE UTILITY UTILITY
UNDERGROUNDING UNDERGROUNDING UNDERGROUNDING
DISTRICT IMPROVEMENT DISTRICT IMPROVEMENT DISTRICT IMPROVEMENT
FUND FUND FUND
303 307 309
ESTIMATED REVENUE
Taxes $0 $0 $0
Licenses/Permits $0 $0 $0
Fines/Forfeitures $0 $0 $0
Use of Money/Property $0 $654 $15,069
Intergovernmental/State $0 $0 $0
Intergovernmental/County $0 $0 $0
Intergovernmental/Federal $0 $0 $0
Current Service Charges $0 $0 $0
Other Revenue $0 $0 $0
TOTAL ESTIMATED REVENUE $0 $654 $15,069
INTERFUND TRANSFERS IN $0 $0 $0
ESTIMATED FUNDS AVAILABLE $0 $654 $15,069
ACTUAL FUND BALANCE
7/1/07 ($65,520)$9,062 $211,004
TOTAL FUNDS AVAILABLE ($65,520)$9,716 $226,073
APPROPRIATIONS
Operating Budget $0 $0 $0
Capital Outlay $0 $0 $0
Capital Improvements $0 $0 $180,531
TOTAL APPROPRIATIONS $0 $0 $180,531
INTERFUND TRANSFERS OUT $0 $0 $0
TOTAL APPROPRIATIONS/TRANSFERS OUT $0 $0 $180,531
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS 1
ESTIMATED FUND BALANCE 6/30/08 ($65,520)$9,716 $45,542
Available Fund Balance 6/30/08 ($65,520)$9,716 $45,542
1 Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
43
CITY OF HERMOSA BEACH BUDGET SUMMARY
2007-08 MIDYEAR REVIEW
BEACH DRIVE PROSPECT BAYVIEW DRIVE
UTILITY UTILITY ASSESSMENT
UNDERGROUNDING UNDERGROUNDING DISTRICT
DISTRICT IMPROVEMENT DISTRICT IMPROVEMENT REDEMPTION
FUND FUND FUND
311 312 609
ESTIMATED REVENUE
Taxes $0 $0 $0
Licenses/Permits $0 $0 $0
Fines/Forfeitures $0 $0 $0
Use of Money/Property $6,229 $0 $5,722
Intergovernmental/State $0 $0 $0
Intergovernmental/County $0 $0 $0
Intergovernmental/Federal $0 $0 $0
Current Service Charges $0 $0 $0
Other Revenue $0 $0 $0
TOTAL ESTIMATED REVENUE $6,229 $0 $5,722
INTERFUND TRANSFERS IN $0 $0 $0
ESTIMATED FUNDS AVAILABLE $6,229 $0 $5,722
ACTUAL FUND BALANCE
7/1/07 $84,180 ($200,000)$5,312
TOTAL FUNDS AVAILABLE $90,409 ($200,000)$11,034
APPROPRIATIONS
Operating Budget $0 $0 $0
Capital Outlay $0 $0 $0
Capital Improvements $0 $0 $0
TOTAL APPROPRIATIONS $0 $0 $0
INTERFUND TRANSFERS OUT $0 $0 $0
TOTAL APPROPRIATIONS/TRANSFERS OUT $0 $0 $0
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS 1
ESTIMATED FUND BALANCE 6/30/08 $90,409 ($200,000)$11,034
Available Fund Balance 6/30/08 $90,409 ($200,000)$11,034
1 Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
44
CITY OF HERMOSA BEACH BUDGET SUMMARY
2007-08 MIDYEAR REVIEW
BEACH DRIVE BEACH DRIVE
LOWER PIER ASSESSMENT ASSESSMENT
DISTRICT DISTRICT DISTRICT
REDEMPTION REDEMPTION RESERVE
FUND FUND FUND
610 611 612
ESTIMATED REVENUE
Taxes $0 $0 $0
Licenses/Permits $0 $0 $0
Fines/Forfeitures $0 $0 $0
Use of Money/Property $1,450 $719 $230
Intergovernmental/State $0 $0 $0
Intergovernmental/County $0 $0 $0
Intergovernmental/Federal $0 $0 $0
Current Service Charges $0 $0 $0
Other Revenue $0 $0 $0
TOTAL ESTIMATED REVENUE $1,450 $719 $230
INTERFUND TRANSFERS IN $0 $0 $0
ESTIMATED FUNDS AVAILABLE $1,450 $719 $230
ACTUAL FUND BALANCE
7/1/07 $8,109 $1,773 $521
TOTAL FUNDS AVAILABLE $9,559 $2,492 $751
APPROPRIATIONS
Operating Budget $0 $0 $0
Capital Outlay $0 $0 $0
Capital Improvements $0 $0 $0
TOTAL APPROPRIATIONS $0 $0 $0
INTERFUND TRANSFERS OUT $0 $0 $0
TOTAL APPROPRIATIONS/TRANSFERS OUT $0 $0 $0
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS 1
ESTIMATED FUND BALANCE 6/30/08 $9,559 $2,492 $751
Available Fund Balance 6/30/08 $9,559 $2,492 $751
1 Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
45
CITY OF HERMOSA BEACH BUDGET SUMMARY
2007-08 MIDYEAR REVIEW
MYRTLE LOMA BAYVIEW OTHER POST
AVENUE DRIVE DRIVE EMPLOYMENT
ASSESSMENT ASSESSMENT RESERVE BENEFITS
FUND FUND FUND FUND
617 618 619 625
ESTIMATED REVENUE
Taxes $0 $0 $0 $0
Licenses/Permits $0 $0 $0 $0
Fines/Forfeitures $0 $0 $0 $0
Use of Money/Property $3,055 $3,107 $832 $0
Intergovernmental/State $0 $0 $0 $0
Intergovernmental/County $0 $0 $0 $0
Intergovernmental/Federal $0 $0 $0 $0
Current Service Charges $0 $0 $0 $0
Other Revenue $0 $0 $0 $0
TOTAL ESTIMATED REVENUE $3,055 $3,107 $832 $0
INTERFUND TRANSFERS IN $0 $0 $0 $0
ESTIMATED FUNDS AVAILABLE $3,055 $3,107 $832 $0
ACTUAL FUND BALANCE
7/1/07 $24,057 $95,624 $1,555 $1,400,966
TOTAL FUNDS AVAILABLE $27,112 $98,731 $2,387 $1,400,966
APPROPRIATIONS
Operating Budget $0 $0 $0 $0
Capital Outlay $0 $0 $0 $0
Capital Improvements $0 $0 $0 $0
TOTAL APPROPRIATIONS $0 $0 $0 $0
INTERFUND TRANSFERS OUT $0 $0 $0 $0
TOTAL APPROPRIATIONS/TRANSFERS OUT $0 $0 $0 $0
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS 1
ESTIMATED FUND BALANCE 6/30/08 $27,112 $98,731 $2,387 $0 (e)
(e) Trust was set up in July 2007
and all previous funding was transferred
in August 2007. Contributions are sent
to the trust every month.
Available Fund Balance 6/30/08 $27,112 $98,731 $2,387 $0
1 Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
46
CITY OF HERMOSA BEACH BUDGET SUMMARY
2007-08 MIDYEAR REVIEW
EQUIPMENT
INSURANCE REPLACEMENT TOTAL
FUND FUND (MEMORANDUM
705 715 ONLY)
ESTIMATED REVENUE
Taxes $0 $0 $20,457,220
Licenses/Permits $0 $0 $741,081
Fines/Forfeitures $0 $0 $1,799,719
Use of Money/Property $0 $0 $1,840,622
Intergovernmental/State $0 $0 $1,373,754
Intergovernmental/County $0 $0 $412,507
Intergovernmental/Federal $0 $0 $910,333
Current Service Charges $1,904,711 $1,348,684 $8,038,101
Other Revenue $66,807 $23,943 $646,477
TOTAL ESTIMATED REVENUE $1,971,518 $1,372,627 $36,219,814
INTERFUND TRANSFERS IN $504,908 $0 $2,347,587
ESTIMATED FUNDS AVAILABLE $2,476,426 $1,372,627 $38,567,401
ACTUAL FUND BALANCE
7/1/07 $839,799 $5,768,595 $29,903,851
TOTAL FUNDS AVAILABLE $3,316,225 $7,141,222 $68,471,252
APPROPRIATIONS
Operating Budget $2,602,174 $1,353,988 $33,644,916
Capital Outlay $0 $469,048 $673,946
Capital Improvements $0 $1,203,236 $8,578,070
TOTAL APPROPRIATIONS $2,602,174 $3,026,272 $42,896,930
INTERFUND TRANSFERS OUT $0 $0 $2,347,587
TOTAL APPROPRIATIONS/TRANSFERS OUT $2,602,174 $3,026,272 $45,244,517
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS 1 $1,485,470 $1,485,470
ESTIMATED FUND BALANCE 6/30/08 $714,051 $5,600,420 (f)$23,311,239
(f) Investment In
Fixed Assets
$4,131,153
Storage Lot Loan (reduced by lease revenue)($618,325)($618,328)
Available Fund Balance 6/30/08 $95,726 $850,939 $8,391,395
1 Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
47