CC SR 20240618 02 - FY 2024-25 Draft Budget
City of Rancho Palos Verdes
PUBLIC HEARING
Date: June 18, 2024
Subject:
Consideration and possible action to adopt the Fiscal Year (FY) 2024-25 Budget for all City funds, Five-
Year Capital Improvement Program (CIP), and Improvement Authorities (IA).
Recommendation:
(1) Conduct a public hearing on the FY 2024-25 Budget of all City funds, the Five-Year CIP, and IA.
(2) Review and, if acceptable, approve the following proposed budget changes since the
Preliminary Budget Meeting on June 4, 2024:
i. Increase General Fund expenditures by $488,000 for the increases in property tax
assessments from the Klondike Canyon Landslide Abatement District (KCLAD) and
Abalone Cove Landslide Abatement District (ACLAD).
ii. Fund a portion of the assessments from the unallocated balance of $266,650 reported
in the FY 2024-25 Preliminary Budget.
iii. Fund the remaining portion of $221,350 by reducing the additional transfer to CIP Fund
from $1,400,00 to $1,178,650.
iv. Increase the FY 2024-25 Capital Improvement Program Budget by $185,000 for
Intersection Improvements at Palos Verdes Drive South. The $100,000 is proposed to be
funded by the Capital Infrastructure Fund and $85,000 from the Proposition C Fund.
(3) If deemed acceptable, adopt Resolution No. 2024-___, A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF RANCHO PALOS VERDES APPROVING A BUDGET APPROPRIATION AND ADOPTING
THE OPERATING AND CAPITAL IMPROVEMENT BUDGET FOR FISCAL YEAR 2024-25; and,
(4) Adopt Resolution No. IA 2024-___, A RESOLUTION OF THE RANCHO PALOS VERDES JOINT
POWERS IMPROVEMENT AUTHORITY ADOPTING THE OPERATING BUDGET FOR FISCAL YEAR
2024-25.
1. Report of Notice Given: City Clerk
2. Declare Public Hearing Open: Mayor Cruikshank
3. Request for Staff Report: Mayor Cruikshank
4. Staff Report & Recommendation: Vina Ramos, Director of Finance and Jason Loya, Senior
Administrative Analyst.
5. Council Questions of Staff (factual and without bias):
6. Testimony from members of the public:
The normal time limit for each speaker is three (3) minutes. The Presiding Officer may grant additional time to a representative speaking
for an entire group. The Mayor also may adjust the time limit for individual speakers depending upon the number of speakers who
intend to speak.
7. Declare Hearing Closed/or Continue the Public Hearing to a later date: Mayor Cruikshank
8. Council Deliberation:
The Council may ask staff to address questions raised by the testimony, or to clarify matters. Staff and/or Council may also answer
questions posed by speakers during their testimony. The Council will then debate and/or make motions on the matter.
9. Council Action:
The Council may: vote on the item; offer amendments or substitute motions to decide the matter; reopen the hearing for additional
testimony; continue the matter to a later date for a decision.
City of Rancho Palos Verdes
CITY COUNCIL MEETING DATE: 06/18/2024
AGENDA REPORT AGENDA HEADING: Public Hearing
AGENDA TITLE:
Consideration and possible action to adopt the Fiscal Year (FY) 2024-25 Budget for all
City funds, Five-Year Capital Improvement Program (CIP), and Improvement Authorities
(IA).
RECOMMENDED COUNCIL ACTION:
(1)Conduct a public hearing on the FY 2024-25 Budget of all City funds, the Five-
Year CIP, and IA.
(2)Review and, if acceptable, approve the following proposed budget changes since
the Preliminary Budget Meeting on June 4, 2024:
i.Increase General Fund expenditures by $488,000 for the increases in
property tax assessments from the Klondike Canyon Landslide Abatement
District (KCLAD) and Abalone Cove Landslide Abatement District (ACLAD).
ii.Fund a portion of the assessments from the unallocated balance of
$266,650 reported in the FY 2024-25 Preliminary Budget.
iii.Fund the remaining portion of $221,350 by reducing the additional transfer
to CIP Fund from $1,400,00 to $1,178,650.
iv.Increase the FY 2024-25 Capital Improvement Program Budget by
$185,000 for Intersection Improvements at Palos Verdes Drive South. The
$100,000 is proposed to be funded by the Capital Infrastructure Fund and
$85,000 from the Proposition C Fund.
(3)If deemed acceptable, adopt Resolution No. 2024-___, A RESOLUTION OF THE
CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES APPROVING A
BUDGET APPROPRIATION AND ADOPTING THE OPERATING AND CAPITAL
IMPROVEMENT BUDGET FOR FISCAL YEAR 2024-25; and,
(4)Adopt Resolution No. IA 2024-___, A RESOLUTION OF THE RANCHO PALOS
VERDES JOINT POWERS IMPROVEMENT AUTHORITY ADOPTING THE
OPERATING BUDGET FOR FISCAL YEAR 2024-25.
FISCAL IMPACT: The Citywide FY 2024-25 Budget includes total revenues of about
$59.3 million and total expenditures of almost $72.1 million, including
transfers and IA. The General Fund Budget includes revenues of
about $39.7 million and expenditures of $39.7 million, including
transfers.
The FY 2024-25 CIP Budget includes revenues and transfers of $4.5
million and expenditures of $11.7 million. When including additional
1
transfers from General Fund to CIP Fund, the total CIP Fund
Transfers and revenues is $6.5 million.
The total FY 2024-25 Draft Budget for the Capital Improvement
Program totals $23.9 million for 31 projects. When including
external funding, the total projects is $25.8 million. VR
Amount Budgeted: N/A
Additional Appropriation: N/A
Account Number(s): N/A
ORIGINATED BY: Vina Ramos, Director of Finance VR
Jason Loya, Senior Administrative Analyst
REVIEWED BY: Vina Ramos, Director of Finance
APPROVED BY: Ara Mihranian, AICP, City Manager
ATTACHED SUPPORTING DOCUMENTS:
A. Resolution No. 2024-___ (page A-1)
B. Resolution No. IA 2024-___ (page B-1)
C. FY 2024-25 Budget summary for all funds, including IA (page C-1)
D. FY 2024-25 through 2028-29 CIP Budget (page D-1)
BACKGROUND:
After three budget workshops in March and April and a review of the Preliminary Budget
in May, the City Council is now being asked to conduct a public hearing to consider
adopting the FY 2024-25 Budget. The required Public Notice was published in the Palos
Verdes Peninsula News on May 30 and June 6, 2024.
Budget Process
The budget report presented at tonight’s public hearing consolidates the budget
assumptions approved by the City Council in the three workshops and the Preliminary
Budget. This report presents a summary of the overall draft budget and includes
comparison between the draft budget, estimated year-end, and prior year’s budget.
2
Overall, the information presented tonight for the City Council’s review and adoption are
as follows:
• FY 2023-24 General Fund Year-End Estimates;
• FY 2024-25 Draft Budget for the General Fund, CIP, and all other funds;
• FY 2024-25 Fund Balance Summary for the General Fund, CIP, and all other
funds; and
• FY 2024-25 Recurring versus One-time Revenues and Expenditures.
Prior reports that include all detailed information related to the budget workshops and
preliminary budget are available on the City’s website and linked below for reference:
• March 13, 2024 – City Council Goal Setting Workshop
• April 18, 2024 - General Fund Budget Workshop
• April 29, 2024 – CIP Budget Workshop
• June 4, 2024 – Preliminary Budget Meeting
DISCUSSION:
FY 2023-24 General Fund Year-End Estimates
As presented in the Preliminary Budget Meeting on June 4, 2024, the General Fund
revenues are estimated to end at approximately $38.8 million, and expenditures at almost
$37.6 million, net of operating transfers. The estimated year-end fund balance is almost
$34.5 million. After including the $889,500 transfers to Capital Infrastructure Program
(CIP) Fund for the Ladera Linda loan payment and $291,300 to the Employee Pension
Service Fund (EPSF) for the pension payments using prior year’s unallocated fund
balance, the General Fund is estimated to end the year with a fund balance of almost
$34.5 million. As shown in Table 1 below after applying the City Council’s 50% Reserve
Policy, the General Fund’s Unallocated Fund Balance is estimated at almost $16.7
million, an increase of almost $1.5 million or 10% over the FY 2023-24 Revised Budget.
CONTINUED ON THE NEXT PAGE
3
Table 1 –General Fund Balance – FY 2023-24 Year-end Estimates
FY 2024-25 General Fund Draft Budget
Overview
On June 4, 2024, Staff presented the Preliminary Budget at a regularly scheduled City
Council meeting. At this meeting, Staff reported the budget changes based on direction
received at the three workshops that were held in March and April. Subsequent changes
from the preliminary meeting were combined to develop the FY 2024-25 Draft Budget.
At this workshop, the City Council also approved an additional $488,000 based on the
proposed increases in property tax assessments from the Klondike Canyon Landslide
Abatement District (KCLAD) and Abalone Cove Landslide Abatement District (ACLAD).
In April 2024, ACLAD and KCLAD each separately notified landowners within their
respective boundary limits, including the City, that protest hearings would be conducted
to consider potentially increasing assessments in FY 2024-25 based on their projected
budgets. For the City, its assessments as a landowner, would increase from $175,074 to
$378,252 for ACLAD and from $50,877 to $335,826 for KCLAD. The City Council
concluded that the City would not protest the proposed increase, thereby approving an
increase in the FY 2024-25 Draft Budget of $488,000.
In preparation of the Draft Budget, Staff has incorporated $266,650 of the $488,000 by
utilizing the remaining unallocated balance from the FY 2024-25 Preliminary Budget to
ensure a balanced budget. However, adding in the remaining portion of this increase
would result in an operating deficit of $221,350. Staff recommends appropriating
$221,350 from the FY 2022-23 excess of $2.7 million by reducing the previously
authorized transfer to the CIP Fund of $1,400,000 to $1,178,650. Based on the City
General Fund
in millions
FY 2023-24
Revised
Budget
FY 2023-24
Year-End
Estimates
Beginning Fund Balance 33.3 33.3 - 0%
Add: Revenues 38.5 38.6 0.1 0%
Add: Transfers-In 0.3 0.3 - 0%
Total Revenues 38.8 38.8 0.1 0.2%
Less: Expenditures (34.4) (33.2) (1.1) -3.3%
Less: Transfers to CIP (TOT )(4.4) (4.1) (0)-6.8%
Less: Other Transfers-Out (0.1) (0.2) 0 69.0%
Total Expenditures (38.9) (37.6) (1.3) -3.4%
Projected Ending Fund Balance 06/30/2025 33.1 34.5 (1.4) -4.2%
City Council Restricted Fund Balance
Less: Additional Transfers - CIP Ladera (PY Surplus) (0.9) (0.9) - 0%
Less: Transfers to EPS Fund (PY Surplus) (0.3) (0.3) - 0%
Less: Additional Transfers to CIP Fund (PY Surplus) - - - 0%
50% Reserve Policy (16.8) (16.6) (0.1)-1%
Projected Unallocated Fund Balance - 06/30/25 15.2 16.7 1.5 10.1%
Increase/(Decrease)
from FY 2023-24
4
Council’s directives and proposed changes, Staff estimates that the FY 2024-25
Operating Revenues will reach approximately $39.2 million before transfers-in and
Operating Expenditures will amount to almost $34.6 million, before transfers-out and
excluding one-time expenditures. As illustrated in Table 2, Staff estimates a structural
surplus of almost $3.9 million, before transfers. After applying the transfers and one-time
expenditures, the General Fund has a balanced draft budget in FY 2024-25.
Table 2: FY 2024-25 General Fund Revenues and Expenditures Summary
The following information is a summary of revenues and expenditures and any changes
from the FY 2024-25 Preliminary General Fund Budget to the Draft General Fund Budget.
As previously mentioned, the budget line-item details and categories presented at the
budget workshops and preliminary budget are available on the City’s website for
reference.
FY 2024-25 General Fund Revenues:
General Fund revenues, excluding transfers, are expected to exceed the FY 2023-24
year-end estimates in the third quarter by almost $0.9 million, or 2.3%. This includes the
increase of $230,600, or 0.6% reported at the Preliminary Budget Meeting from the
insurance claim for damages incurred at Point Vicente Interpretive Center. Including
transfers, FY 2024-25 General Fund revenues are projected to reach $39.7 million, an
increase of $0.9 million, or 2.2%, from FY 2023-24 year-end estimates of $38.8 million.
This information is categorized by major revenue source and summarized in Table 3
below, including prior year actual performance for additional reference.
CONTINUED ON THE NEXT PAGE
General Fund Recurring One-Time Total
Operating Revenues 39,189,300 265,000 39,454,300
Less: Operating Expenditures 34,590,150 966,650 35,556,800
Structural Surplus/(Deficit)4,599,150 (701,650) 3,897,500
Transfers-In 250,000 250,000
Less: Transfers-Out 4,147,500 - 4,147,500
Estimated Unallocated Balance 451,650 (451,650) -
5
Table 3: FY 2024-25 Draft General Fund Revenues
As illustrated in Charts 1 and 2, property tax revenue totals far exceed all other major
General Fund revenues sources in comparison. In the FY 2024-25 Draft Budget, property
tax represents 45% of the total revenues and has demonstrated stable and recurring
growth of about 4% year-over-year. TOT revenue comes in as the second largest revenue
source in the General Fund and accounts for 17% of total revenues. Combined, these
two revenue sources account for 62% of the General Fund, not including transfers.
Chart 1: FY 2024-25 Draft General Fund Revenues (without transfers)
FY 2022-23 FY 2024-25
Actuals Revised
Budget
YE Estimate
at 3rd Qtr Draft Budget
Property Tax 16,355,675$ 17,149,500$ 17,132,100$ 17,545,000$ 412,900$ 2.4%
Transient Occupancy Tax 6,853,001 6,927,900 6,525,000 6,580,000 55,000$ 0.8%
Sales Tax 2,961,915 2,855,800 2,828,000 2,850,000 22,000$ 0.8%
Permits & Fees 3,643,419 3,171,500 3,197,400 3,226,500 29,100$ 0.9%
Franchise Tax 2,359,276 2,200,000 2,200,000 2,250,000 50,000$ 2.3%
Utility Users Tax 2,876,956 2,482,200 2,585,000 2,545,000 (40,000)$ -1.5%
Other Taxes & Misc. Revenues 3,678,952 3,724,900 4,110,000 4,457,800 347,800$ 8.5%
Subtotal 38,729,195 38,511,800 38,577,500 39,454,300 876,800$ 2.3%
Transfers In 300,000 270,000 270,000 250,000 (20,000)$ -7.4%
Total Revenues $ 39,029,195 $ 38,781,800 $ 38,847,500 $ 39,704,300 856,800$ 2.2%
Revenue Source Variance Draft vs
YE Estimate
FY 2023-24
6
$20
$18
$16
$14
V) $12 2
0 $10 ::::; ....
~ $8
$6
D $4 D $2 □ D □ □ $0
Property Sales Tax Permits & Franchise Other
Tax TOT Fees Tax UlJT Revenues
FV23-24 Rev. Budget $17.1 $6.9 $2.9 $3.2 $2.2 $2.5 $3.7
C FV23-24 VE Est@ Q3 $17.1 $6.5 $2.8 $3.2 $2.2 $2.6 $4.1
FV24-25 Draft $17 .5 $6.6 $2.9 $3.2 $2.3 $2.5 $4.5
Chart 2 – FY 2024-25 Draft Budget - Revenue Allocation
FY 2024-25 General Fund Expenditures
Overall, the General Fund expenditures are estimated at almost $39.7 million, including
transfers out. This reflects the initial increase of $266,650 for the property tax
assessments by 0.7%. Compared to the FY 2023-24 year-end estimates, the increase is
approximately $2 million or 6%, after transfers.
In summary, after adding the property tax assessments, the following Table 4 and Chart
3 on the next page summarizes the FY 2024-25 Draft Budget Expenditures by category
and department.
CONTINUED ON THE NEXT PAGE
7
Other
$9.3
23%
,__ 6%
UUT
$2.5
6%
Olher Tax and Mi! c.
$4.5
11%
______ _.__ ____ -
Table 4 – FY 2024-25 General Fund by Category
Chart 3: FY 2024-25 General Fund by Department
City Council Policy Reserve Policy No. 41
On June 4, 2024, the City Council also affirmed the additional transfers below from prior
year’s unallocated fund balance of $2.7 million. The additional transfers are in accordance
FY 2023-24 FY 2024-25
Expenditure Category
Revised Budget
Year-End
Estimates Preliminary Draft
Change from
Preliminary
Increase(Decrease)
Salaries/Benefits 13,214,300 13,013,800 14,630,600 14,630,600 0%
Sheriff Contract 7,872,000 7,742,750 8,171,600 8,171,600 0.0%
Legal Services 950,000 950,000 975,000 975,000 0%
Professional/Tech 4,969,438 4,675,300 4,670,500 4,670,500 0%
Repairs/Maint 3,733,007 3,519,100 3,378,600 3,378,600 0%
Supplies 696,312 671,100 725,000 725,000 0%
Training/Conference/Meetings 302,443 230,970 308,200 308,200 0%
Other
Capital Outlay 61,000 7,000 66,000 66,000 0%
Utilities 995,800 856,300 928,400 928,400 0%
General Liabilities Premium 675,000 700,000 705,000 705,000 0%
Equipment Replacement Charges 246,900 246,900 201,100 201,100 0%
Misc 662,200 633,980 530,150 796,800 266,650 50%
Subtotal $34,378,400 $33,247,200 $35,290,150 $35,556,800 $266,650 0.8%
Transfers-Out 4,566,000 4,366,000 4,147,500 4,147,500 0 0%
Grand Total $38,944,400 $37,613,200 $39,437,650 $39,704,300 $266,650 0.7%
City
Administration
$4.3
11%
City Council
$0.1
0%Legal Services
$1.0
3%
Public Safety
$9.0
23%
Community
Development
$4.4
11%
Finance
$1.6
4%
Public Works
$8.3
21%
Recreation &
Parks
$4.7
12%
Non-
Departamental
$2.1
5%
Transfers-Out
$4.1
10%
Other
$4.8
12%
8
with the City’s Council Reserve Policy and to replenish the CIP Fund from the public
safety reductions made during the start of the prior year’s budget process. The estimated
accumulated additional transfers from the General Fund to the CIP Fund since FY 2020-
21 is approximately $5.6 million.
• $889,500 to the Capital Infrastructure Program (CIP) Fund, equivalent to the
anticipated annual principal and interest payment for the Ladera Community Park
Project.
• $400,000 to the Employee Pension Service Fund in accordance with the adopted
Pension Guidelines.
• $1.4 million additional transfers to the CIP Fund.
Prior to changes made to the FY 2024-25 Draft Budget, and as reported at the June 4
meeting, preliminary revenues exceeded expenditures by $266,650. Therefore, Staff
seeks City Council’s approval of the FY 2024-25 Draft Budget as presented in this report
with the following changes since the Preliminary Budget Meeting:
• Add $488,000 of property tax assessment payments for ACLAD and KCLAD;
• Fund a portion of the assessments from the FY 2024-25 excess balance of
$266,650; and,
• Fund the remaining $221,350 by reducing the additional transfers to CIP Fund from
$1.4 million to $1.18 million.
FY 2024-25 General Fund – Projected Fund Balance
Overall, Staff projects and ending fund balance of $34.5 million on June 30, 2025. This
includes an increase of $0.9 million or 2.4% increase in revenues and approximately $0.8
million or 2.0% increase in expenditures. After applying the City Council reserve policy
and additional transfers, the General Fund is estimated to end the year with an
unallocated fund balance of $14 million. This is a decrease of approximately $1.1 million
or 7.5% from prior year’s budget, primarily due to additional transfers out from General
Fund to the CIP Fund.
A summary of the estimated FY 2024-25 Fund Balance calculation is illustrated in Table
6 on the next page.
CONTINUED ON THE NEXT PAGE
9
Table 5: FY 2024-25 General Fund – Projected Fund Balance Summary
FY 2024-25 One-Time and Recurring Revenues and Expenditures
As reported on June 4, 2024, after capturing the regulatory increases and new ongoing
programs, the FY 2024-25 Draft Budget positively exceeds the requirement pursuant to
the City Council Policy No. 45, Balanced Operating Budget. The City has a structurally
balanced operating budget with a surplus of almost $3.9 million. Overall, after factoring in
the transfers-out of $4.1 million, the FY 2024-25 General Fund Draft Budget presents a
balanced budget.
CONTINUED ON THE NEXT PAGE
General Fund
in millions
FY 2023-24
Revised
Budget
FY 2023-24
Year-End
Estimates
FY 2024-25
Preliminary
FY 2024-25
Draft
Beginning Fund Balance 33.3 33.3 34.5 34.5 1.2 3.7%
Add: Revenues 38.5 38.6 39.5 39.5 0.9 2.4%
Add: Transfers-In 0.3 0.3 0.3 0.3 (0.0)-7.4%
Total Revenues 38.8 38.8 39.7 39.7 0.9 2.4%
Less: Expenditures (34.4) (33.2) (35.3) (35.6) 1.2 3.4%
Less: Transfers to CIP (TOT )(4.4) (4.1) (3.9) (3.9) (0.6) -12.9%
Less: Other Transfers-Out (0.1) (0.2) (0.3) (0.3) 0.2 103.4%
Total Expenditures (38.9) (37.6) (39.4) (39.7) 0.8 2.0%
Projected Ending Fund Balance 06/30/2025 33.1 34.5 34.8 34.5 1.4 4.2%
City Council Restricted Fund Balance
Less: Additional Transfers - CIP Ladera (PY Surplus) (0.9) (0.9) (0.9) (0.9) - 0.0%
Less: Transfers to EPS Fund (PY Surplus) (0.3) (0.3) (0.4) (0.4) 0.1 37.3%
Less: Additional Transfers to CIP Fund (PY Surplus) - - (1.4) (1.2) 1.2 100.0%
Less: Property Tax Assessments (PY Surplus) - - - (0.2) 0.2
50% Reserve Policy (16.8) (16.6) (17.6) (17.8) 1.0 6.1%
Projected Unallocated Fund Balance - 06/30/25 15.2 16.7 14.4 14.0 (1.1) -7.5%
Increase/(Decrease)
from FY 2023-24
Budget
10
Table 6 – General Fund Recurring vs. One-time Revenues and Expenditures
For FY 2024-25, the one-time expenditures of $966,650 listed in Table 6 are as follows:
• $168,000 City’s upcoming election;
• $40,000 Public Safety Vehicle;
• $100,000 Western Storefront Improvement;
• $155,000 State Mandated Safety Element Update;
• $50,000 Regional Program Settlement Fee;
• $90,000 Document Digital Conversion;
• $266,650 Portion of ACLAD/KCLAD property tax increase in assessment;
• $97,000 Emergency contingency (as needed).
Revenue Type Recurring One-time Total
Property Tax 17,545,000$ $ - 17,545,000$
Transient Occupancy Tax 6,580,000 - 6,580,000
Sales Tax 2,850,000 - 2,850,000
Franchise taxes 2,250,000 - 2,250,000
Utility Users Tax 2,545,000 - 2,545,000
Permits & Fees 3,226,500 - 3,226,500
Other Taxes & Misc. Revenues 4,192,800 265,000 4,457,800
TOTAL REVENUES $ 39,189,300 $ 265,000 $39,454,300
Expenditure by Program Recurring One-time Total
City Council 120,100$ $ - 120,100$
City Administration 4,015,150 305,000 4,320,150
City Attorney 975,000 975,000
Public Safety 8,960,800 40,000 9,000,800
Finance 1,574,500 1,574,500
Community Development 4,123,000 280,000 4,403,000
Public Works 7,973,200 341,650 8,314,850
Recreation & Parks 4,707,400 4,707,400
Non-department 2,141,000 - 2,141,000
TOTAL EXPENDITURES $ 34,590,150 $ 966,650 $35,556,800
STRUCTURAL SURPLUS/(DEFICIT)4,599,150 (701,650) 3,897,500
Transfers in - 250,000 250,000
Transfers out
4,147,500 - 4,147,500
ESTIMATED UNALLOCATED BALANCE $451,650 ($451,650) $0
FUND 101 - GENERAL FUND
FY 2024-25 RECURRING VS. ONE-TIME REVENUES AND EXPENDITURES
11
FY 2024-25 Capital Improvement Program Funds
On June 4, 2024, the City Council also approved the FY 2024-25 Preliminary Budget for
the capital improvement program of $25.7 million and directed Staff to look into
implementing the Intersection Improvements along Palos Verdes Drive South previously
approved by the City Council. In response to Council direction, Staff has revised the CIP
to move the Intersection Improvements at Palos Verdes Drive South project up to FY
2024-25 for engineering, followed by construction in FY 2025-26. Additionally, Staff has
included funding for a contracted project manager to allow acceleration of the project. The
proposed change are as follows:
• Add $85,000 for engineering funded by Proposition C Fund
• Add $100,000 for contracted project manager funded by CIP Fund.
Overall, if approved, after adding the change, the following Table 7 is a summary of the
funding allocations and Table 8 is a summary list of the 31 affirmed projects for FY 2024-
25.
Table 7: FY 2024-25 Draft Budget – Allocations by Fund
*This total includes $1,250,000 for project 8840 (Western Ave. Beautification) and $660,000 for project
8721 (Regional Grant-Torrance Airport). The total of $1,910,000 will not be expended by the City or
adopted in the budget as this was included to demonstrate the City’s participation in regional projects.
Additional information on the approved projects for FY 2024-25 is also listed in
Attachment C.
Fund No.Fund
FY 2024-25 Draft
Budget
202 Gas Tax 715,000
204 Gas Tax SB-1 195,000
211 1911 Act 730,000
215 Proposition C 1,085,000
220 Measure R 3,105,000
221 Measure M - Grant 900,000
310 CDBG 150,000
330 CIP Fund 10,575,100
331 Federal Grants 5,714,900
332 State Grants 120,000
340 Bicycle & Ped 150,000
343 Measure W - Regional Grant 660,000
TBD External Funding 1,250,000
TOTAL $25,840,000
12
Table 8: FY 2024-25 Draft Budget – Capital Improvement Program
Fund No Fund Program Code Project Name
Fiscal Year
2024-25
8200 Abalone Cove Santitary Sewer System Projects 360,000
330 CIP 8202 Abalone Cove Sanitary Sewer Rehabilitation
Program 360,000
8300 Landslide Improvement Projects 4,840,000
215 Prop C 8301 Palos Verdes Drive South Landslide Repair
Program 1,000,000
330 CIP 8301 Palos Verdes Drive South Landslide Repair
Program 440,000
330 CIP 8304 Portuguese Bend Landslide Remediation 1,015,000
331 Federal
Grants 8304 Portuguese Bend Landslide Remediation 2,385,000
8400 Parks, Open Space & Recreation Facilities Project 1,190,000
330 CIP 8426 Park Playground Improvements 650,000
330 CIP 84New3 Wildlife Cooridor Encroachment Removal 540,000
8500 Buildings Improvements Projects 1,025,000
330 CIP 8503 New Civic Center Complex 200,000
330 CIP 8509 Facilities Asset Management Program 825,000
8700 Sewer & Storm Drain Improvement Projects 5,420,000
330 CIP 8701 Storm Drain Asset Management Program &
Master Plan Update 485,000
330 CIP 8708 Altamira Canyon Improvements 50,000
330 CIP 8715 Stormwater Drainage Improvements - Palos
Verdes Drive South at Peppertree Drive 995,000
331 Federal
Grants 8715 Stormwater Drainage Improvements - Palos
Verdes Drive South at Peppertree Drive 2,330,000
343.1
Measure W -
Regional
Grant
8721 Multi-Jurisdictional Stormwater Treatment
at Torrance Airport 660,000
330 CIP 8722 Storm Drain Outlet Improvements at Ocean
Crest Drive 85,000
330 CIP 8723 Storm Drain Improvements at Peacock
Ridge Road 285,000
330 CIP 87New2 Lift Station Improvements at Lower Point
Vicente 40,000
343 Measure W 87New7 Peninsula Verde Stormwater Treatment
Drywell 490,000
13
Table 8: FY 2024-25 Draft Budget – Capital Improvement Program (Continued)
Fund No Fund Program Code Project Name
FY 2024-25
Draft
Budget
8800 Right-of-Way Improvements Projects 13,005,000
330 CIP Fund 8808 Roadway Asset Management Program -
Crenshaw Boulevard 675,000
221.1 Measure M -
Grant 8809 Western Avenue Traffic Flow Improvements 900,000
310 CDBG 8810 Curb Ramp Improvements Program 150,000
215/330 Prop C & CIP 8828 Intersection Improvements Palos Verdes
Drive South 185,000
211 1911 Act 8837 Traffic Signal at Palos Verdes Drive South
and Palos Verdes Drive East 430,000
330 CIP 8840 Western Avenue Beautification (long term)1,785,000
0.001 External
Funding 8840 Western Avenue Beautification (long term)1,250,000
204 Gas Tax 8844 Roadway Asset Management Program -
Triennial Update 195,000
220 Measure R 8846 Traffic Calming Program - (Citywide)255,000
330 CIP Fund 8846 Traffic Calming Program - (Citywide)345,000
330 CIP 8847 Palos Verdes Drive East Guardrail
Improvements 10,100
331 Federal
Grants 8847 Palos Verdes Drive East Guardrail
Improvements 999,900
330 CIP 8855 Roadway Asset Management Program -
Palos Verdes Drive South 25,000
332 State Grants 8855 Roadway Asset Management Program -
Palos Verdes Drive South 120,000
202 Gas Tax 8856 Roadway Asset Management Program -
Residential Streets 715,000
220 Measure R 8856 Roadway Asset Management Program -
Residential Streets 2,790,000
330 CIP 8856 Roadway Asset Management Program -
Residential Streets 840,000
330 CIP 88LY4 Roadway Asset Management Program -
Palos Verdes Drive East 235,000
220 Measure R 88New2 Roadway Asset Management Program -
Highridge Road 60,000
330 CIP 88New3 Roadway Asset Management Program -
Montemalaga Drive 40,000
211 1911 Act 88New6 Hawthorne Boulevard at
Eddinghill/Seamount Left Turn Signal 300,000
330 CIP 88New7 Sidewalk Management Program 550,000
340 Bicycle &
Ped Access 88New7 Sidewalk Management Program 150,000
TOTAL 25,840,000
14
*This total includes $1,250,000 for project 8840 (Western Ave. Beautification) and $660,000 for project 8721
(Regional Grant-Torrance Airport). The total of $1,910,000 will not be expended by the City or adopted in the
budget as this was included to demonstrate the City’s participation in regional projects.
Capital Improvement Program Funds - Fund Balance
After applying the changes, overall, the Capital Improvement Program funds are projected
to have a fund balance of $26.9 million ending June 30, 2025. Of this amount, almost
$24.2 million is from the CIP Fund while the remaining balances are from restricted funds
that can only be used for specific purposes. Table 9 has been adjusted by removing $1.9
million in external funding sources to accurately reflect budgeted expenditure and as
noted in CIP Table 7 and 8. Additional adjustments to the table below include the
proposed change to transfers-in to the CIP Fund as well as the approved additional
personnel expenditures (Principal Engineer) budgeted in the CIP Fund. As shown in
Table 9 below, after applying City Council policy and restrictions from Special Revenue
Funds, the FY 2024-25 Capital Improvement Program is estimated to end the year with
an unallocated fund balance of $19.2 million.
Table 9 – FY 2024-25 Estimated Fund Balance - Capital Improvement Program
Funds
Special Revenue Funds and Permanent Funds
The City’s major special revenue funds are the Gas Tax, Proposition A, ARPA, Measure
W, Proposition C, Measure R, Measure M, Measure A, 1911 Act Street Lighting, and
other grants. In addition to funding the Capital Improvement Program projects, a few other
Special Revenues are also designated for operating expenditures such as street
maintenance, public facility upgrades and maintenance, public right-of-way maintenance,
park upgrades, park maintenance, and transit related expenses.
The City’s Permanent Funds are also used to account for resources legally restricted to
the extent that only earnings, and not principal, may be used for purposes that support
the City’s programs. These funds are the Habitat Restoration, Sub-Region One
Maintenance, and Joint Powers Improvement Authority – Abalone Cove.
in millions CIP Fund
Federal
Grants Gas Tax Measure R
Other
Funds Total
Beginning Fund Balance - 7/1/2024 29.4 - 3.0 2.8 6.9 42.1
Revenues and Transfers 6.5 - 2.3 0.8 3.7 13.3
FY 2024-25 Capital Improvement Program (10.6) (5.7) (0.9) (3.1) (3.6) (23.9)
Maintenance Projects - - (1.5) (0.1) (1.8) (3.4)
Salaries & Benefits (0.2) - - - - (0.2)
P&I Payment - Ladera Linda (0.9) - - - - (0.9)
Ending Fund Balance - 6/30/2025 24.2 (5.7) 2.9 0.4 5.2 26.9
Restricted by Council (5.0) - - - - (5.0)
Restricted by Special Purpose (2.9) (0.4) (5.2) (8.4)
Reimbursable Grants 5.7 5.7
Estimated Unallocated Fund Balance $19.2 - - - $19.2
15
Since June 4, 2024, as mentioned above, City directed Staff to look into the Intersection
Improvement at Palos Verdes Drive South. If accepted, the proposed change in the
Special Revenue Funds is $85,000 under Proposition C.
Table 10 below is the revised FY 2024-25 fund balance of $11.7 million for the Other
Special Revenue Funds and Permanent Funds.
Table 10 – FY 2024-25 Estimated Fund Balance – Special Revenue & Permanent
Funds
Internal Service Funds
The City uses an Internal Service Fund (ISF) as an accounting mechanism to accumulate
and allocate costs internally among the City’s various functions. The City uses the
Equipment Replacement Fund (ERF) to account for its fleet of vehicles, computer
systems, furniture, and equipment, and the Employee Pension Service Fund (EPSF) to
account for employee pension service costs, as described below. The funding and uses
for the ISF is typically from the General Fund and restricted by the City Council.
In accordance with the pension guidelines for transparency, during the fiscal year, Staff
maintains the separate tracking of the fund’s financial transactions in the EPSF. At the
end of the fiscal year, in compliance with accounting and audit requirements for the City’s
ACFR presentation, this amount is included in the General Fund’s fund balance as part
of the year-end closing process.
Since June 4, 2024, there are no changes in these funds, therefore, the FY 2024-25 Draft
Budget is the same as presented at the Budget Workshop and Preliminary Budget
Meeting. Table 11 summarizes the projected fund balance for the ERF and EPSF.
in millions Special Revenue
Funds & Permanent Funds
Estimated Beginning Fund Balance - 7/1/2024 $16.3
Add: Revenues $14.5
Add: Transfers-In from General Fund $0.3
Total Revenues $14.8
Less: Expenditures ($19.1)
Less: Transfers-Out ($0.3)
Total Expenditures ($19.3)
Estimated Ending Fund Balance - 6/30/2025 $11.7
Restricted by City Council Policy $0.0
Restricted by Laws/External Agencies ($11.7)
Estimated Unallocated Fund Balance - 06/30/2025 -
16
Table 11 – FY 2024-25 Estimated Fund Balance – Internal Service Fund
Based on the changes presented above, Staff seeks for the City Council’s approval to
increase the FY 2024-25 Capital Improvement Program Budget by $185,000 for the Palos
Verdes Intersection Improvement at Palos Verdes Drive South. The $100,000 is proposed
to be funded by the Capital Infrastructure Fund and $85,000 from the Proposition C Fund.
FY 2024-25 Improvement Authority (IA)
The FY 2024-25 Budget for IA is divided into two legally restricted funds, Abalone Cove
and Portuguese Bend, and provides funding to maintain landslide mitigation resources in
both geographic locations. At the end of FY 2023-24, fund balance is estimated to be
approximately $85,600 for the Portuguese Bend IA Fund and $1,085,400 for the Abalone
Cove IA Fund. The Abalone Cove IA Fund is expected to have an estimated spendable
fund balance of about $85,400 as the Horan agreement legally requires the City to set
aside $1 million of the fund balance to maintain landslide abatement improvements
constructed by the former Redevelopment Agency. Maintenance efforts include
monitoring of the City Wells as per the Agreement with ACLAD, as well as landslide
monitoring surveys in Portuguese Bend. Utility costs are also covered by the City. Due to
the increasing maintenance costs, the interest earnings in this account are not sufficient
to cover monitoring efforts, instead, the CIP Fund has been funding these maintenance
projects.
In FY 2024-25, total expenditures are projected at $74,000 and total revenues including
transfers for $48,000 for both funds. As illustrated in Table 12, Staff estimates that the
remaining fund balance at the end of FY 2024-25 for the Portuguese Bend IA Fund totals
$52,600 and a total of $1,092,400 for the Abalone Cove IA Fund (Attachment B).
CONTINUED ON THE NEXT PAGE
in millions Equipment
Replacement Fund
Employee Pension
Service Fund
Estimated Beginning Fund Balance - 7/1/2024 $2.8 $1.0
Add: Revenues $0.3 $0.0
Add: Transfers-In from General Fund $0.0 $0.4
Total Revenues $0.3 $0.4
Less: Expenditures ($0.7)($0.4)
Less: Transfers-Out $0.0 $0.0
Total Expenditures ($0.7)($0.4)
Estimated Ending Fund Balance - 6/30/2025 $2.4 $1.1
Restricted by City Council Policy ($2.2)($1.1)
Restricted by Laws/External Agencies $0.0 $0.0
Estimated Unallocated Fund Balance - 06/30/2025 $0.2 $0.0
17
Table 12 – FY 2024-25 Summary of Funds – Improvement Authority
Since interest earnings generated from the available fund balance is the sole revenue
source for this budget, Staff anticipates maintenance costs will continue to outpace the
projected revenues needed to cover them in future years. Staff requests that the
Commission (City Council) approve the draft budget of the Improvement Authority for FY
2024-25 by adopting the attached resolution. If the City Council wishes to make any
changes to the draft budget, they can be read into the record during the meeting.
ADDITIONAL INFORMATION:
Public Notice
On May 30 and June 6, 2024, a public notice was published in the Peninsula News
announcing tonight’s public hearing for the City Council’s consideration to adopt the FY
2024-25 Budget consisting of the General Fund, Capital Improvement Program, Special
Revenues, Internal Service Funds, and Improvement Authorities. As of June 11, 2024,
no public comment was received.
CONCLUSION:
On June 4, 2024, the City Council reviewed the Preliminary Budget, reflecting changes
from March and April workshops. Key updates include a $488,000 increase in the FY
2024-25 Draft Budget due to higher tax assessments from ACLAD and KCLAD. This
adjustment is proposed to be funded from the FY 2024-25 projected excess of revenues
over expenditures of $266,650. The remaining amount of $221,350 may be funded by
reducing the additional transfers to CIP Fund from $1,400,00 to $1,178,650.
After all the changes, the FY 2024-25 General Fund revenues are projected at $39.7
million, a 2.1% increase from the previous year-end estimates, with property taxes and
TOT revenue comprising 62% of total revenues. Expenditures, including transfers out,
will match revenues at $39.7 million, marking a 6% increase from FY 2023-24. The
projected ending fund balance on June 30, 2025, is $34.5 million, with an unallocated
fund balance of $14 million after applying the reserve policy and additional transfers,
reflecting a decrease of 7.5% from the prior year.
For the CIP Fund, after adding the Intersection Improvements Palos Verdes Drive South
Fund
Estimated
Fund Balance
7/1/2024 Revenues Transfer-in Expenditures Transfers-out
Estimated
Fund Balance
7/1/2025
285-IA PORTUGUESE BEND MAINT $85,565 $3,000 $15,000 $51,000 $0 $52,565
795-IA ABALONE COVE MAINT $1,085,408 $30,000 $0 $23,000 $0 $1,092,408
Total $1,170,973 $33,000 $15,000 $74,000 $0 $1,144,973
FY 2024-25 Improvement Authority
18
Intersection for $100,000, overall, the revised FY 2024-25 projected fund balance is $24.2
million. After applying the City Council policy of $5 million, the CIP Fund’s unallocated
fund balance is approximately $19.2 million.
The Special Revenues Funds and Internal Service Funds are also estimated to end FY
2024-25 with stable fund balances. The Special Revenue Funds are estimated to end the
year at approximately $11.7 million of restricted fund balance and the Internal Service
Funds are estimated to end the year at $0.2 million, net of City Council’s reserve policy.
In order to legally adopt the FY 2024-25 Budget for the City and the Improvement
Authorities, Staff recommends that the City Council approve the attached two resolutions
(Attachment A and B), approving the FY 2024-25 Budget.
ALTERNATIVES:
In addition to the Staff recommendation, the following alternative action is available for
the City Council’s consideration:
1) Take other action, as deemed appropriate.
19
RESOLUTION NO. 2024-___
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF RANCHO PALOS VERDES
APPROVING A BUDGET APPROPRIATION AND
ADOPTING THE OPERATING AND CAPITAL
IMPROVEMENT BUDGET FOR FISCAL YEAR
2024-2025.
WHEREAS, on June 18, 2024, the City Council opened a duly published Public
Hearing to receive public input regarding the budget for FY 2024-25.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES:
Section 1: That a revenue and expenditure/expense budget is hereby adopted.
The adopted budget, by fund, is per Exhibit A with a total Estimated Ending Fund Balance
of $66,473,980 for all City funds (net of City Council Policy Reserves) as of June 30, 2025,
exclusive of the City’s Improvement Authorities.
A. The City Manager is authorized to transfer certain Budget Appropriation
Balances within functions and/or programs when deemed necessary to do so in
accordance with Chapter 3.32 of the Rancho Palos Verdes Municipal Code.
B. City Council approval will be required for any significant changes involving
increased or decreased service levels.
C. The Director of Finance shall be responsible for constant monitoring of the
budget and shall establish and implement appropriate control mechanisms necessary for
said purpose, after approval by the City Manager.
Section 2: The FY 2024-25 Revenue Budget is hereby adopted, establishing the
following Governmental and Internal Service Fund contribution levels:
A-1
Resolution No. 2024-__
Page 2 of 6
Section 3: The FY 2024-25 Budget is hereby adopted, establishing the following
transfers into the following funds:
GENERAL 39,454,300$
CIP 600,000
GAS TAX 1,184,600
GAS TAX SB-1 1,123,800
1972 ACT 800
EL PRADO LIGHTING 4,800
1911 ACT 967,600
WASTE REDUCTION 211,000
AIR QUALITY MANAGEMENT 41,600
PROPOSITION C 969,200
PROPOSITION A 1,219,000
PUBLIC SAFETY GRANTS 192,300
MEASURE R 782,000
MEASURE M 831,000
HABITAT RESTORATION 4,000
SUBREGION 1 MAINTENANCE 15,000
MEASURE A 27,500
ABALONE COVE SEWER DISTRICT 61,800
DONOR RESTRICTED CONTRIBUTIONS 50,500
CDBG 150,000
FEDERAL GRANTS 5,714,900
STATE GRANTS 25,000
ARPA 85,000
QUIMBY 6,600
LOW-MODERATE INCOME HOUSING 48,600
AFFORDABLE HOUSING IN LIEU 25,500
ENVIRONMENTAL EXCISE TAX 12,500
BICYCLE & PEDESTRIAN ACCESS 42,000
MEASURE W 712,600
TOTAL GOVERNMENTAL FUND REVENUES 54,563,500$
A-2
Resolution No. 2024-__
Page 3 of 6
Section 4: The FY 2024-25 Budget is hereby adopted, establishing the following
transfers from the following funds:
Section 5: The FY 2024-25 Operating and Capital Improvement Budget Programs
are hereby adopted, establishing the following allocations.
GENERAL 250,000$
CIP 5,920,650
HABITAT RESTORATION 150,000
SUBREGION 1 MAINTENANCE 60,000
ABALONE COVE SEWER MAINTENANCE 70,000
EMPLOYEE PENSION FUND 400,000
*TOTAL OPERATING TRANSFERS IN 6,850,650$
*(1) Excludes $15,000 transfers-in from the General Fund to the Improvement Authority -
Portuguese Bend and (2) $221,350 in prior year unallocated fund balance to fund the
remaining portion of the increase to property tax assessments for ACLAD & KCLAD; (3)
General Fund transfers-out include $889,500 for Ladera Linda payment and $1,178,650 as
an additional transfer to CIP Fund from prior year unallocated fund balance per City Council
Reserve Policy; And (4) $400,000 to Employee Pension per Pension Guidelines.
GENERAL 6,615,650$
PUBLIC SAFETY GRANTS 170,000
MEASURE A 80,000
TOTAL OPERATING TRANSFERS OUT 6,865,650$
*(1) Includes $15,000 transfers-out from the General Fund to the Improvement Authority -
Portuguese Bend; (2) General Fund transfers-out include $889,500 for Ladera Linda payment
and $1,178,650 as an additional transfer to CIP Fund from prior year unallocated fund
balance per City Council Reserve Policy; And (3) $400,000 to Employee Pension per Pension
Guidelines.
A-3
Resolution No. 2024-__
Page 4 of 6
City Council 120,100$
Legal Services 975,000
Public Safety - Sheriff Services 8,171,600
Public Safety - Special Programs 462,000
Public Safety Division 380,200
City Manager 1,092,800
City Clerk 838,250
Community Outreach 86,700
Emergency Preparedness 290,300
Human Resources 538,900
Information Technology - Data 1,096,300
Information Technology - Voice 151,000
RPV TV 225,900
Finance 1,574,500
Non-departmental 2,141,000
Community Development Administration 837,600
Planning 1,390,900
Building & Safety Services 1,126,400
Code Enforcement 256,900
View Restoration/Preservation 401,200
Geology 170,000
Animal Control 220,000
Public Works Administration 3,611,700
Traffic Management 269,500
Storm Water Quality 376,500
Public Building Maintenance 581,500
Parks Maintenance 1,162,000
Street Landscape Maintenance 551,500
Trails & Open Space Maintenance 1,116,000
Fuel Modification 700,000
Vehicle Maintenance 107,500
Sewer Maintenance 59,000
Recreation Administration 1,593,400
Other Recreation Facilities 6,000
Fred Hesse Jr. Park 244,800
Robert E. Ryan Park 111,400
Ladera Linda Community Center 238,000
Abalone Cove Shoreline Park 222,100
Special Events 517,400
Point Vicente Interpretive Center 547,700
REACH 237,900
City Run Sports & Activities 5,500
Contract Classes 153,900
Volunteer Program 5,000
Park Rangers 319,600
Eastview Park 48,500
Open Space Management 443,200
SUBTOTAL GENERAL FUND EXPENDITURES 35,777,150$
*(1) Total includes $488,000 for increases in property tax assessments from the Klondike
Canyon Landslide Abatement District (KCLAD) and Abalone Cove Landslide Abatement District
(ACLAD)
A-4
Resolution No. 2024-__
Page 5 of 6
CIP 11,692,500$
GAS TAX 1,819,300
GAS TAX SB-1 633,000
EL PRADO LIGHTING -
1911 ACT 1,371,100
WASTE REDUCTION 319,200
AIR QUALITY MANAGEMENT -
PROPOSITION C 1,085,000
PROPOSITION A 905,400
MEASURE R 3,230,000
MEASURE M 1,523,400
FEDERAL GRANTS 5,714,900
ARPA 660,050
STATE GRANTS 217,000
HABITAT RESTORATION 182,000
SUBREGION 1 MAINTENANCE 49,400
ABALONE COVE SEWER MAINTENANCE 157,500
DONOR RESTRICTED CONTRIBUTIONS 17,000
COMMUNITY DEVELOPMENT BLOCK GRANT 150,000
ENVIRONMENTAL EXCISE TAX -
BICYCLE & PEDESTRIAN ACCESS 150,000
MEASURE W 898,600
SUBTOTAL OTHER FUNDS EXPENDITURES 30,775,350$
EQUIPMENT REPLACEMENT 678,489$
EMPLOYEE PENSION SERVICE FUND 395,000$
SUBTOTAL INTERNAL SERVICE FUNDS EXPENDITURES 1,073,489$
A-5
Resolution No. 2024-__
Page 6 of 6
PASSED, APPROVED and ADOPTED the 18th day of June 2024.
__________________________
ATTEST: MAYOR
_____________________
CITY CLERK
State of California )
County of Los Angeles )
City of Rancho Palos Verdes )
I, TERESA TAKAOKA, City Clerk of The City of Rancho Palos Verdes, hereby certify that
the above Resolution No. 2024-__ was duly and regularly passed and adopted by the
said City Council at regular meeting thereof held on June 18, 2024.
__________________________
CITY CLERK
A-6
RESOLUTION NO. IA 2024-__
A RESOLUTION OF THE RANCHO PALOS VERDES
JOINT POWERS IMPROVEMENT AUTHORITY
ADOPTING THE OPERATING BUDGET FOR FISCAL
YEAR 2024-2025
WHEREAS, the Commission of the Rancho Palos Verdes Joint Powers
Improvement Authority desires to adopt the following resolution adopting the operating
budget for FY 2024-25; and
WHEREAS, the Rancho Palos Verdes Joint Powers Improvement Authority
currently has an estimated $1,144,973 in available funds as of June 30, 2025.
NOW, THEREFORE, BE IT RESOLVED, THAT THE COMMISSION OF THE
RANCHO PALOS VERDES JOINT POWERS IMPROVEMENT AUTHORITY DOES
HEREBY ADOPT THE FOLLOWING FY 2024-25 OPERATING AND CAPITAL BUDGET.
Section 1: The FY 2024-25 Revenue Budget (inclusive of transfers from the City's
General Fund) is hereby adopted, establishing the following revenue levels:
Interest Earnings - Portuguese Bend $ 3,000
Interest Earnings - Abalone Cove 30,000
Transfer In – Portuguese Bend 15,000
Transfer In – Abalone Cove 0
TOTAL REVENUES $ 48,000
Section 2: An operating budget for FY 2024-25 is hereby adopted as contained in
the Annual Budget of the Rancho Palos Verdes Joint Powers Improvement Authority
attached hereto and incorporated and referenced as part of this resolution. The following
expenditure levels are hereby established:
Maintenance - Portuguese Bend $ 51,000
Maintenance - Abalone Cove 23,000
TOTAL OPERATING EXPENDITURES $ 74,000
Section 3: Upon adoption of said Budget, the Authority may revise and/or update
said Budget in part or in its entirety, depending on the Authority's fiscal resources,
circumstances, and needs.
Section 4: The Chief Administrative Officer of the Rancho Palos Verdes Joint
Powers Improvement Authority shall be responsible for administration and execution of
said Budget.
B-1
Resolution No. IA 2024-__
Page 2 of 2
PASSED, APPROVED, and ADOPTED the 18th day of June 2024.
__________________________
AUTHORITY CHAIRPERSON
ATTEST:
______________________
AUTHORITY SECRETARY
State of California )
County of Los Angeles )
City of Rancho Palos Verdes )
I, Teresa Takaoka, Authority Secretary of the Rancho Palos Verdes Joint Powers
Improvement Authority, hereby certify that the above Resolution No. IA 2024-__ was duly
and regularly passed and adopted by the said Joint Powers Improvement Authority at
regular meeting thereof held on June 18, 2024.
__________________________
AUTHORITY SECRETARY
B-2
City of Rancho Palos Verdes | Requested Budget 2024-2025 City of Rancho Palos Verdes FY 2024-25 Fund Summary 35
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City of Rancho Palos Verdes FY 2024-25 Fund Summary
Fund Balance
6/30/2024
FY2024-25 Estimated
Resources
FY2024-25 Estimated
Appropriations Fund Balance
6/30/2025FundRevenuesTransfers In Expenditures Transfers Out
General Fund Balance 34,494,794 39,454,300 250,000 35,777,150 4,147,500 34,274,444
Restricted Amount (Policy Reserve) 16,623,600 17,778,400
General Fund Unrestricted Surplus 16,690,394 39,454,300 250,000 35,777,150 4,147,500 14,027,894
Restricted by Council Action
CIP 29,397,834 600,000 5,920,650 11,692,500 -19,225,984
Equipment Replacement 2,816,015 276,100 -678,489 -201,226
Employee Pension Plan 1,024,990 35,700 400,000 395,000 -1,065,690
Subtotal Restricted By Council Action 33,238,839 911,800 6,320,650 12,765,989 -20,492,900
Restricted By Law Or External Agencies
Gas Tax 482,842 1,184,600 -1,819,300 -(151,858)
1972 Act 30,166 800 - -- 30,966
Gas Tax SB-1 2,493,441 1,123,800 -633,000 -2,984,241
El Prado Lighting 50,963 4,800 - -- 55,763
1911 Act 2,831,577 967,600 -1,371,100 -2,428,077
Waste Reduction 305,159 211,000 -319,200 -196,959
Air Quality Management 78,915 41,600 - -- 120,515
Proposition C 129,783 969,200 -1,085,000 -13,983
Proposition A 2,489,800 1,219,000 -905,400 -2,803,400
Public Safety Grants 41,548 192,300 - - 170,000 63,848
Measure R 2,877,178 782,000 -3,230,000 -429,178
Measure M 301,862 831,000 -1,523,400 -(390,538)
Habitat Restoration 74,916 4,000 150,000 182,000 -46,916
Subregion 1 Maintenance 770,889 15,000 60,000 49,400 -796,489
Measure A 42,804 27,500 - - 80,000 (9,696)
Abalone Cove Sewer Maintenance 50,461 61,800 70,000 157,500 -24,761
Donor Restricted Contributions 918,140 50,500 -17,000 -951,640
CDBG 8,091 150,000 -150,000 -8,091
Federal Grants -5,714,900 -5,714,900 - -
State Grants 67,793 25,000 -217,000 -(124,207)
ARPA (569,189) 85,000 -660,050 -(1,144,239)
Quimby 90,246 6,600 - -- 96,846
Low-Mod Income Housing 419,279 48,600 - -- 467,879
Affordable Housing In Lieu 917,027 25,500 - -- 942,527
Environmental Excise Tax 87,583 12,500 - -- 100,083
Bikeways 48,500 42,000 -150,000 -(59,500)
Measure W 1,210,512 712,600 -898,600 -1,024,512
Subtotal Restricted By Law Or External
Agencies 16,250,286 14,509,200 280,000 19,082,850 250,000 11,706,636
Total Governmental Funds 83,983,919 54,875,300 6,850,650 67,625,989 4,397,500 66,473,980
Improvement Authorities
Improv Auth - Portuguese Bend 85,565 3,000 15,000 51,000 -52,565
Improv Auth - Abalone Cove 1,085,408 30,000 -23,000 -1,092,408
Subtotal For Improvement Authorities 1,170,973 33,000 15,000 74,000 -1,144,973
Grand Total of All Funds 85,154,892 54,908,300 6,865,650 67,699,989 4,397,500 67,618,953
(1)Totals include all approved transfers from the prior-year unallocated fund balance in accordance with the City Council Reserve Policy.
(2)General Fund expenditures include $221,350 for ACLAD/KCLAD assessment increase and are off-set by applying a portion of the
prior-year unallocated fund balance.
(3) Deficit fund balances will be offset by PO carry-overs at year-end close and by future grant reimbursements.C-1
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City of Rancho Palos Verdes | Requested Budget 2024-2025 Statement Of Revenues - All Funds 1
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Statement Of Revenues - All Funds
FY20-21
Actuals
FY21-22
Actuals
FY22-23
Actuals
FY23-24
YE Estimate
FY24-25 Draft
Budget
General Fund
Property Taxes
3102-3103 Property Tax 9,072,028 9,392,563 9,920,524 10,474,100 10,690,000
3107 Property Tax in Lieu of VLF 5,384,633 5,565,565 5,937,390 6,193,000 6,400,000
3108 Redevelopment Property Tax Trust 54,130 48,336 58,394 55,000 55,000
3110 Property Transfer Tax 570,712 735,378 439,367 410,000 400,000
Total Property Taxes 15,081,503 15,741,842 16,355,675 17,132,100 17,545,000
Other Taxes
3101 Golf Tax 632,886 733,545 761,500 730,000 735,000
3111 Franchise Taxes 2,203,130 2,278,003 2,359,276 2,200,000 2,250,000
3112 Sales and Use Tax 1,829,019 2,679,211 2,855,576 2,728,000 2,750,000
3113 Sales Tax - PW (PSAF) 90,313 103,232 106,339 100,000 100,000
3114-3117 Utility Users Tax 2,245,825 2,525,992 2,876,956 2,585,000 2,545,000
3120-3121 Transient Occupancy Tax 3,115,435 6,170,132 6,853,001 6,525,000 6,580,000
3210 Business License Tax 675,299 730,966 888,808 850,000 850,000
Total Other Taxes 10,791,907 15,221,081 16,701,456 15,718,000 15,810,000
Other License & Permit
3202 Building & Safety Permits 1,050,030 1,862,181 2,122,766 1,900,000 1,950,000
3203 Building & Safety Plan Check 307,328 538,280 471,712 500,000 500,000
3205 Film Permits 2,671 42,972 26,096 15,000 21,000
3206 Animal Control Fees 28,803 26,944 24,915 20,000 20,000
3207 Building & Safety Fees (362) 365 513 600 600
3208 Building & Safety State Building Standard (53) 299 337 500 500
3209 Building & Safety Geology Fees 152,099 240,065 198,562 210,000 205,000
3212 Business License Penalty 6,184 18,227 28,038 12,000 15,000
3213 Parking Permits 375 88 528 200 300
3214 Parking Decals 594 594 492 400 400
3215 Plan & Zone Permits 362,786 481,031 508,526 450,000 425,000
3217 View Restoration Fees 15,318 5,106 5,444 5,700 5,700
3218 Plan - Misc. Fees 8,622 9,509 3,080 2,000 -
3219 Right of Way Permits 76,205 128,589 277,215 90,000 95,000
3220 Dumpster Permits 3,038 2,304 3,234 3,000 3,000
Total Other License & Permit 2,013,638 3,356,554 3,671,458 3,209,400 3,241,500
Fines & Forfeitures
3501 Tow Fees 5,229 4,067 4,067 3,500 4,000
3502 False Alarm Fines 7,400 8,500 9,700 8,000 8,000
3503 Misc. Court Fines 199,353 188,739 152,809 130,000 130,000
4140-3504 Code Enforcement Citations 46,053 42,906 21,300 30,000 20,000
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2 Statement Of Revenues - All Funds City of Rancho Palos Verdes | Requested Budget 2024-2025
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FY21-22
Actuals
FY22-23
Actuals
FY23-24
YE Estimate
FY24-25 Draft
Budget
5123-3506 Preserve Park Citation 200 100 - - -
Total Fines & Forfeitures 258,235 244,312 187,876 171,500 162,000
Rentals
3602 Rental/Leases 356,613 357,049 427,698 440,000 450,000
5120-3602 Rent - Other Recreational Facilities 2,190 739 2,294 - 1,400
5130-3602 Rent - Hesse Park 960 20,212 37,749 40,000 42,000
5140-3602 Rent - Ryan Park 6,339 6,825 11,461 10,000 11,000
5150-3602 Rent - Ladera Linda (360) - - - 16,400
5180-3602 Rent - PVIC - 141,640 125,137 90,000 125,000
Total Rentals 365,742 526,465 604,339 580,000 645,800
Interests
3601 Interest on Investments 186,670 398,318 675,729 700,000 700,000
3606 Investment Fair Value Adjustment - (651,176) (331,029) - -
Total Interests 186,670 (252,858) 344,700 700,000 700,000
Charges for Services
5122-3411 Parking Lot Fees - 29,626 32,274 20,000 18,000
5160-3411 Shoreline Parking Lot Fees 417,037 243,699 175,746 180,000 200,000
5120-3412 Program/Event Fees 1,840 6,165 3,803 4,000 5,000
5131-3412 Program/Event Fees 16,060 125,769 174,238 212,000 215,000
5170-3412 Program Fees - 19,167 5,396 12,000 12,000
5190-3412 REACH - Program Fees - 2,676 10,103 9,000 8,900
Total Charges For Services 434,937 427,102 401,560 437,000 458,900
Intergovernmental Revenue
9101-3301 Federal Grant Income 515,258 - - - -
Total Intergovernmental 515,258 - - - -
Other Revenue
3801 Special Fund Administration 99,507 100,014 92,907 90,000 90,000
5170-3901 Donations - Special Events 1,000 26,100 27,700 18,000 20,000
5180-3901 Donations - PVIC 1,875 10,002 6,994 9,000 8,000
5190-3901 Donations - REACH - 2,050 3,161 2,000 2,000
3901 Donations - General - 1,500 - - -
3902 CASP Fees 5,360 6,970 7,682 5,000 5,000
3904 RDA Loan Payment 239,062 123,520 227,040 211,000 265,000
3908 Successor Agency Adminstration 8,000 - - - -
5180-3701 PVIC Gift Shop 12,840 104,463 140,690 120,000 120,000
1430-3999 Misc. Revenues 80 160 440 500 500
3999 Misc. Revenues 144,968 191,503 225,882 174,000 380,600
Total Other Revenue 512,692 566,282 732,496 629,500 891,100
Total Operating Revenue 30,160,582 35,830,780 38,999,560 38,577,500 39,454,300
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City of Rancho Palos Verdes | Requested Budget 2024-2025 Statement Of Revenues - All Funds 3
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Actuals
FY21-22
Actuals
FY22-23
Actuals
FY23-24
YE Estimate
FY24-25 Draft
Budget
Inter-Fund Transfers
9217 Transfer In Public Safety Grant 130,000 160,000 250,000 170,000 170,000
9224 Transfer in Measure A Maintenance - 150,000 50,000 100,000 80,000
Total Transfers In 130,000 310,000 300,000 270,000 250,000
Total General Fund 30,290,582 36,140,780 39,299,560 38,847,500 39,704,300
All Other Funds
State Gas Tax Fund
Intergovernmental Revenue
3304 State Gas Tax - 2103 278,418 362,089 343,772 394,000 375,000
3305 State Gas Tax - 2105 212,605 251,253 242,469 257,000 262,000
3306 State Gas Tax - 2106 123,979 149,037 143,985 150,000 152,000
3307 State Gas Tax - 2107 287,691 303,860 330,241 333,000 359,000
3308 State Gas Tax - 2107.5 6,000 12,000 6,000 4,000 6,000
3309 State Gas Tax - 2031 773,632 842,374 - - -
Total Intergovernmental Revenue 1,682,325 1,920,613 1,066,467 1,138,000 1,154,000
Interest
3601 Interest on Investments 5,548 15,232 19,705 30,000 30,600
3606 Investment Fair Value Adjustment - (24,986) (4,782) - -
Total Interest 5,548 (9,754) 14,923 30,000 30,600
Total State Gas Tax Fund 1,687,873 1,910,859 1,081,390 1,168,000 1,184,600
Gas Tax SB-1
Intergovernmental Revenue
3309 State Gas Tax - 2103 - - 944,656 1,013,000 1,083,000
Total Intergovernmental Revenue - - 944,656 1,013,000 1,083,000
Interest
3601 Interest on Investments - - 17,454 40,000 40,800
3606 Investment Fair Value Adjustment - - (26,398) - -
Total Interest - - (8,944) 40,000 40,800
Total State Gas Tax Fund - - 935,712 1,053,000 1,123,800
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4 Statement Of Revenues - All Funds City of Rancho Palos Verdes | Requested Budget 2024-2025
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Actuals
FY21-22
Actuals
FY22-23
Actuals
FY23-24
YE Estimate
FY24-25 Draft
Budget
1972 Act Fund
Interest
3601 Interest on Investments 240 391 638 800 800
3606 Investment Fair Value Adjustment - (594) (238) - -
Total 1972 Act Fund 240 (203) 400 800 800
El Prado Fund
Other Taxes
3102 Assessments 2,971 3,132 3,369 3,400 3,500
Interest
3601 Interest on Investments 312 559 971 1,300 1,300
3606 Investment Fair Value Adjustment - (864) (441) - -
Total El Prado Fund 3,283 2,827 3,899 4,700 4,800
1911 Act Fund
Other Taxes
3102 Assessments 769,945 806,016 854,942 883,000 900,600
3999 Misc Revenues - 98,313 - - -
Interest
3601 Interest on Investments 12,912 23,793 46,567 65,000 67,000
3606 Investment Fair Value Adjustment - (38,760) (28,280) - -
Total 1911 Act Fund 782,857 889,362 873,229 948,000 967,600
Waste Reduction Fund
Intergovernmental Revenue
3302 Used Oil Payment 15,952 76,287 17,320 - -
Total Intergovernmental 15,952 76,287 17,320 - -
Charges for Service
3406 AB 939 Fees 187,231 200,137 220,361 195,000 200,800
Interest
3601 Interest on Investments 3,606 4,943 7,991 10,000 10,200
3606 Investment Fair Value Adjustment - (7,292) (2,696) - -
Total Waste Reduction Fund 206,789 274,075 242,976 205,000 211,000
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City of Rancho Palos Verdes | Requested Budget 2024-2025 Statement Of Revenues - All Funds 5
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Actuals
FY21-22
Actuals
FY22-23
Actuals
FY23-24
YE Estimate
FY24-25 Draft
Budget
Air Quality Management Fund
Intergovernmental Revenue
3303 AB 2766 Revenue 54,492 39,723 68,403 40,000 40,000
Interest
3601 Interest on Investments 1,208 1,896 1,930 1,600 1,600
3606 Investment Fair Value Adjustment - (2,850) 1,583 - -
Total AQMD Fund 55,700 38,769 71,916 41,600 41,600
Proposition “C” Transportation Fund
Intergovernmental Revenue
3303 Proposition “C” Sales Tax 710,280 874,133 905,694 939,100 957,000
3999 Miscellaneous Revenue 26,000 - - - -
Interest
3601 Interest on Investments 8,185 10,433 13,906 12,000 12,200
3606 Investment Fair Value Adjustment - (13,907) (1,837) - -
Total Proposition “C” Fund 744,465 870,659 917,763 951,100 969,200
Proposition “A” Transportation Fund
Intergovernmental Revenue
3303 Proposition “A” Sales Tax 856,312 1,053,834 1,091,892 1,132,000 1,154,000
Interest
3601 Interest on Investments 13,627 22,260 42,019 65,000 65,000
3606 Investment Fair Value Adjustment - (35,330) (23,127) - -
Total Proposition “A” Fund 869,939 1,040,764 1,110,784 1,197,000 1,219,000
Public Safety Fund
Intergovernmental Revenue
3302 CA Brulte (COPS) 156,727 161,285 165,271 186,100 189,800
Interest
3601 Interest on Investments 1,059 1,745 2,273 2,500 2,500
3606 Investment Fair Value Adjustment - (2,693) 861 - -
Total Public Safety Fund 157,786 160,337 168,405 188,600 192,300
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6 Statement Of Revenues - All Funds City of Rancho Palos Verdes | Requested Budget 2024-2025
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Actuals
FY21-22
Actuals
FY22-23
Actuals
FY23-24
YE Estimate
FY24-25 Draft
Budget
Measure “R” Transit Sales Tax Fund
Intergovernmental Revenue
3303 Measure “R” Sales Tax 533,448 655,494 679,075 704,000 717,000
Interest
3601 Interest on Investments 11,186 23,836 48,846 80,000 65,000
3606 Investment Fair Value Adjustment - (37,914) (30,505) - -
Total Measure “R” Fund 544,634 641,416 697,416 784,000 782,000
Measure “M” Transit Sales Tax Fund
Intergovernmental Revenue
3303 Measure “M” Sales Tax 604,417 741,767 768,179 837,300 813,000
Interest
3601 Interest on Investments 2,244 6,628 13,664 20,000 18,000
3606 Investment Fair Value Adjustment - (10,717) (6,118) - -
Total Measure “M” Fund 606,661 737,678 775,725 857,300 831,000
Habitat Restoration Fund
Interest
3601 Interest on Investments 6,092 5,884 5,620 4,000 4,000
3606 Investment Fair Value Adjustment - (7,925) 1,724 - -
Other Revenues
3999 Misc Revenues - - - 600 -
9101 Transfer in from General Fund - - - 100,000 150,000
Total Habitat Restoration Fund 6,092 (2,041) 7,344 104,600 154,000
Subregion 1 Fund
Interest
3601 Interest on Investments 6,298 9,929 16,011 20,000 15,000
3606 Investment Fair Value Adjustment - (15,024) (5,898) - -
Transfers In
9101 Transfer in from General Fund 10,000 30,000 50,000 60,000 60,000
Total Subregion 1 Fund 16,298 24,905 60,113 80,000 75,000
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City of Rancho Palos Verdes | Requested Budget 2024-2025 Statement Of Revenues - All Funds 7
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Actuals
FY21-22
Actuals
FY22-23
Actuals
FY23-24
YE Estimate
FY24-25 Draft
Budget
Measure A Fund
Intergovernmental Revenue
3303 Measure A - 238,099 21,031 20,000 25,000
Interest
3601 Interest on Investments 153 42 3,034 2,800 2,500
3606 Investment Fair Value Adjustment - - (3,638) - -
Total Measure A Fund 153 238,141 20,427 22,800 27,500
Abalone Cove Sewer Maintenance Fund
Other Taxes
3102 Assessments 51,980 56,176 57,998 59,400 60,500
Interest
3601 Interest on Investments 2,045 2,318 2,258 1,300 1,300
3606 Investment Fair Value Adjustment - (3,270) 1,066 - -
Transfers In
9101 Transfer in from General Fund - - - 70,000 70,000
Total Abalone Cove Sewer Maint. Fund 54,025 55,224 61,322 130,700 131,800
Donor Restricted Donations Fund
Interest
3601 Interest on Investments 6,495 10,650 17,983 25,000 25,500
3606 Investment Fair Value Adjustment - (16,262) (7,354) - -
Other Revenue
2999-3901 Donations - City’s Anniversary - - 2,000 26,200 -
5411-3901 Donations - Sales - Amphitheater Plaques 10,500 31,000 56,000 6,700 20,000
5414-3901 Donations - Commemorative Benches 6,000 3,000 9,000 - 4,000
5415-3901 Donations - General - Pvic Exhibit 200 300 850 500 300
5417-3901 Donations - 25 2,000 - 200
5418-3901 Donations - - - 1,500 200
5419-3901 Donations - - - 35,000 300
Total Donor Restricted Donations Fund 23,195 28,713 80,479 94,900 50,500
Community Development Block Grant Fund
Intergovernmental Revenue
3301 Grant Income 25,556 153,987 360,426 27,400 150,000
3301 Federal Grant 3,008 2,646 25,155 - -
Total CDBG Fund 28,564 156,633 385,581 27,400 150,000C-8
8 Statement Of Revenues - All Funds City of Rancho Palos Verdes | Requested Budget 2024-2025
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Actuals
FY21-22
Actuals
FY22-23
Actuals
FY23-24
YE Estimate
FY24-25 Draft
Budget
Capital Improvement Fund
Interest
3601 Interest on Investments 214,382 447,965 816,186 1,000,000 600,000
3606 Investment Fair Value Adjustment - (748,704) (275,055) - -
Other Revenue
3999 Misc Revenues 757 - - - -
Transfers In
9101 Transfer in from General Fund 1,720,819 4,699,515 7,236,122 5,010,500 3,852,500
Total Transfers In 1,720,819 4,699,515 7,236,122 5,010,500 3,852,500
Total Capital Improvement Fund 1,935,958 4,398,776 7,777,253 6,010,500 4,452,500
Federal Grants
Intergovernmental Revenue
3301 Federal Grant - - - - 5,714,900
Total Federal Grants Fund - - - - 5,714,900
State Grants
Intergovernmental Revenue
3302 State Grant 7,264 241,441 278,977 45,800 -
8830-3302 Peninsula-Wide Safe Routes 37,586 - - - -
4120-3302 Planning - - 179,422 800 -
Interest
3601 Interest on Investments - 121 13,879 40,000 25,000
3606 Investment Fair Value Adjustment - - (40,340) - -
Total State Grants Fund 44,850 241,562 431,938 86,600 25,000
ARPA
Intergovernmental Revenue
3301 Federal Grant - 1,803,693 3,732,740 - -
Interest
3601 Interest on Investments - 63,088 132,479 150,000 85,000
3606 Investment Fair Value Adjustment - (93,085) (67,315) - -
Total ARPA - 1,773,696 3,797,904 150,000 85,000
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City of Rancho Palos Verdes | Requested Budget 2024-2025 Statement Of Revenues - All Funds 9
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Actuals
FY21-22
Actuals
FY22-23
Actuals
FY23-24
YE Estimate
FY24-25 Draft
Budget
Quimby Fund
Charges for Service
3907 Quimby Developer Fee 23,652 - - - -
Interest
3601 Interest on Investments 9,861 10,723 9,884 6,500 6,600
3606 Investment Fair Value Adjustment - (14,831) 5,630 - -
Total Quimby Fund 33,513 (4,108) 15,514 6,500 6,600
City Low-Mod Income Housing Fund
Interest
3601 Interest on Investments 1,845 3,748 7,613 12,000 12,200
3606 Investment Fair Value Adjustment - (5,783) (4,772) - -
Property Tax
3108 Redevelopment Property Tax Trust 59,765 30,880 56,760 35,000 36,400
Total City Low-Mod Income Housing Fund 61,610 28,845 59,601 47,000 48,600
Affordable Housing Projects Fund
Interest
3601 Interest on Investments 7,143 11,704 18,742 25,000 25,500
3606 Investment Fair Value Adjustment - (17,711) (6,720) - -
Other Revenues
3999 Misc Revenues 12,441 - - 10,300 -
Total Affordable Housing Projects Fund 19,584 (6,007) 12,022 35,300 25,500
Environmental Excise Tax (EET)
Charges for Service
3907 EET Developer Fee 3,902 15,608 31,216 10,000 10,000
Interest
3601 Interest on Investments 2,275 1,999 2,087 2,500 2,500
3606 Investment Fair Value Adjustment - (2,633) 134 - -
Total EET Fund 6,177 14,974 33,437 12,500 12,500
TDA Article 3 - SB 821 Bikeway Fund
Intergovernmental Revenue
3303 TDA Article 3 - SB 821 511 28,038 29,106 48,500 42,000
Total TDA Article 3 Fund 511 28,038 29,106 48,500 42,000C-10
10 Statement Of Revenues - All Funds City of Rancho Palos Verdes | Requested Budget 2024-2025
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FY20-21
Actuals
FY21-22
Actuals
FY22-23
Actuals
FY23-24
YE Estimate
FY24-25 Draft
Budget
Measure W Fund
Interest
3601 Interest on Investments - 9,543 20,181 32,000 32,600
3606 Investment Fair Value Adjustment - (16,298) (10,601) - -
Intergovernmental Revenue
3303 Local Grants 679,381 681,800 685,417 681,500 680,000
Total Measure W Fund 679,381 675,045 694,997 713,500 712,600
Equipment Replacement Fund
Charges for Service
3803 Interfund Charges 93,600 308,400 292,200 246,900 201,100
Total Charges for Service 93,600 308,400 292,200 246,900 201,100
Interest
3601 Interest on Investments 21,365 37,254 65,518 100,000 75,000
3606 Investment Fair Value Adjustment - (57,370) (29,947) - -
Total Equipment Replacement Fund 114,965 288,284 327,771 346,900 276,100
Employee Pension Service Fund
9101 Transfer in from General Fund - 640,000 400,000 291,300 -
Interest
3601 Interest on Investments - 5,442 18,657 35,000 35,700
3606 Investment Fair Value Adjustment - (10,834) (16,664) - -
Total Employee Pension Fund - 634,608 401,993 326,300 35,700
Total All Other Funds 8,685,103 15,141,831 21,076,417 15,643,100 19,553,500
Improvement Authority
IA - Portuguese Bend Maintenance
3601 Other Taxes & Misc. Revenues 425 257 1,744 3,000 3,000
9101 Transfers In 20,000 55,000 15,000 15,000 15,000
3606 Investment Fair Value Adjustment - (905) (263) - -
Total IA - Portuguese Bend Maintenance 20,425 54,352 16,481 18,000 18,000
IA - Abalone Cove Maintenance
3601 Other Taxes & Misc. Revenues 6,309 4,242 25,328 40,000 30,000
C-11
City of Rancho Palos Verdes | Requested Budget 2024-2025 Statement Of Revenues - All Funds 11
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3606 Investment Fair Value Adjustment -(13,995)(2,382)--
Total IA - Abalone Cove Maintenance 6,309 (9,753)22,946 40,000 30,000
Total Improvement Authority 26,734 44,599 39,427 58,000 48,000
Total City Revenues 39,002,419 51,327,210 60,415,404 54,548,600 59,305,800
The Statement of Revenues does not include additional approved transfers-in from the prior-year unallocated fund balance as noted in the
Fund Summary page of this report. All approved transfers-in will be reflected in the final totals for the FY 2024-25 Adopted Budget.
C-12
City of Rancho Palos Verdes | Requested Budget 2024-2025 Statement Of Expenditures - All Funds 1
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Statement Of Expenditures - All Funds
FY20-21
Actuals
FY21-22
Actuals
FY22-23
Actuals
FY23-24
YE Estimate
FY24-25 Draft
Budget
Transfers Out 1,750,819 5,424,515 7,701,122 5,546,800 4,147,500
City Council 84,681 96,177 109,556 111,900 120,100
Legal Services 886,407 915,444 935,777 950,000 975,000
Public Safety
Sheriff 6,970,901 6,985,320 7,060,240 7,742,750 8,171,600
Special Programs 263,050 307,974 365,459 350,125 462,000
Public Safety Division
Special Programs - - - 30,000 380,200
Total Public Safety 7,233,951 7,293,294 7,425,699 8,122,875 9,013,800
City Administration
City Manager 628,592 733,899 806,045 853,100 1,092,800
City Clerk 401,928 417,858 538,937 556,800 838,250
Community Outreach 82,978 75,827 72,341 84,800 86,700
Emergency Preparedness 16,829 47,069 85,529 154,445 290,300
Emergency Operation Center 322,056 172,927 138,758 200,000 -
RPVTV 184,775 183,236 201,874 231,313 225,900
Personnel 309,885 371,026 396,306 539,268 538,900
Information Technology - Data 979,005 925,095 979,250 1,035,080 1,096,300
Information Technology - Voice 117,369 101,672 103,162 165,692 151,000
Total City Administration 3,043,417 3,028,609 3,322,202 3,820,498 4,320,150
Finance
Finance 1,458,001 1,280,029 1,372,347 1,520,026 1,574,500
Total Finance 1,458,001 1,280,029 1,372,347 1,520,026 1,574,500
Non-Department
Non-Departmental 1,862,324 2,097,681 3,303,128 2,277,000 2,141,000
Total Non-Department 1,862,324 2,097,681 3,303,128 2,277,000 2,141,000
Community Development
Administration 528,887 670,354 604,654 733,800 837,600
Planning 616,938 815,105 859,335 1,583,500 1,390,900
Building & Safety 598,490 656,332 814,773 1,034,340 1,126,400
Code Enforcement 208,263 268,139 255,049 310,300 256,900
View Restoration 385,703 369,954 370,720 388,300 401,200
Geology 144,068 163,336 163,200 175,000 170,000
Animal Control 94,282 150,611 175,369 180,000 220,000
Total Community Development 2,576,631 3,093,831 3,243,100 4,405,240 4,403,000
Public Works
Public Works Administration 1,934,346 2,075,027 2,221,722 3,250,600 3,611,700
Traffic Management 120,558 361,666 440,400 351,300 269,500
Storm Water Quality 472,168 15,942 170,794 320,500 376,500
C-13
2 Statement Of Expenditures - All Funds City of Rancho Palos Verdes | Requested Budget 2024-2025
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Actuals
FY21-22
Actuals
FY22-23
Actuals
FY23-24
YE Estimate
FY24-25 Draft
Budget
Building Maintenance 477,391 502,449 528,514 756,800 581,500
Parks Maintenance 618,404 826,179 730,916 975,000 1,162,000
Street Landscape Maintenance 232,493 346,595 530,695 715,000 551,500
Trails & Open Space Maintenance 306,370 407,139 437,840 489,100 1,116,000
Vehicle Maintenance 46,219 60,621 68,956 72,500 107,500
Sewer Maintenance 22,830 13,400 22,037 85,400 59,000
Fuel Modification 415,389 325,086 387,553 705,000 700,000
Total Public Works 4,646,168 4,934,104 5,539,427 7,721,200 8,535,200
Recreation And Parks
Recreation Administration 990,768 1,077,321 1,216,334 1,167,550 1,593,400
Other Recreational Facilities 2,569 2,009 4,058 32,250 6,000
Fred Hesse Jr. Park 174,918 160,201 174,637 243,100 244,800
Robert E. Ryan Park 109,586 103,011 110,102 126,100 111,400
Ladera Linda Community Center 74,828 100,953 63,837 143,300 238,000
Abalone Cove Shoreline Park 137,950 106,752 157,634 199,250 222,100
Special Events And Programs 141,020 297,916 395,592 445,500 517,400
Point Vicente Interpretive Center 427,698 464,773 536,720 573,700 547,700
Reach 43,008 75,283 82,085 110,850 237,900
Support Services 23,310 22,770 24,255 24,300 -
City Run Sports & Activities 400 - 3,085 5,150 5,500
Contract Classes 1,890 72,212 121,207 149,000 153,900
Volunteer Program 4,700 4,927 5,000 5,000 5,000
Park Rangers 272,887 296,193 403,329 397,410 319,600
Eastview Park 65,572 74,371 69,999 72,025 48,500
Open Space Management 179,058 203,160 155,449 468,500 443,200
Recreation & Parks Holding 686 - - 6,675 -
Parking Enforcement - 87,773 66,214 148,825 -
NCCP 47,284 - - - -
Total Recreation & Parks 2,698,132 3,149,625 3,589,537 4,318,485 4,694,400
Total General Fund 26,240,531 31,313,309 36,541,895 38,794,024 39,924,650
All Other Funds
State Gas Tax
Street Pavement Maintenance 197,753 203,129 246,655 965,378 582,300
Street Landscape Maintenance 735,320 607,476 670,026 557,500 522,000
Traffic Signal Maintenance 23,903 9,138 - - -
Portuguese Bend Rd. Maintenance 15,438 - - - -
Roadway Asset Management Program (CIP)1,626,932 183,898 315,000 - 715,000
Total State Gas Tax 2,599,346 1,003,641 1,231,681 1,522,878 1,819,300
Gas Tax SB-1
Street Pavement Maintenance - - - - 438,000C-14
City of Rancho Palos Verdes | Requested Budget 2024-2025 Statement Of Expenditures - All Funds 3
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Actuals
FY21-22
Actuals
FY22-23
Actuals
FY23-24
YE Estimate
FY24-25 Draft
Budget
Capital Improvements - - 29,239 - 195,000
Total Gas Tax SB-1 - - 29,239 - 633,000
1911 Act
Street Lights Maintenance 460,560 371,038 440,188 452,700 641,100
Capital Improvements 368,410 15,752 - - 730,000
Total 1911 Act 828,970 386,790 440,188 452,700 1,371,100
Waste Reduction
Operating Expenses 224,461 318,983 276,255 258,740 319,200
Total Waste Reduction 224,461 318,983 276,255 258,740 319,200
Air Quality
Operating Expenses 55,839 54,000 171,993 - -
Total Air Quality 55,839 54,000 171,993 - -
Prop “C” Transportation
Traffic Maintenance - - - - 85,000
Street Maintenance (CIP)759,078 739,950 1,168,591 1,266,297 1,000,000
Total Proposition “C”759,078 739,950 1,168,591 1,266,297 1,085,000
Prop “A” Transportation
Dial-A-Ride 874,187 777,197 776,662 854,227 905,400
Capital Projects 463,842 - - - -
Total Proposition “A”1,338,029 777,197 776,662 854,227 905,400
Public Safety
Transfers Out 130,000 160,000 250,000 170,000 170,000
Total Public Safety 130,000 160,000 250,000 170,000 170,000
Measure R
Traffic Management - 100,044 - 110,000 125,000
Capital Projects 427,417 109,281 152,995 154,595 3,105,000
Total Measure R 427,417 209,325 152,995 264,595 3,230,000
Measure M
Repairs & Maintenance 414,190 536,921 605,035 701,400 623,400
Capital Projects - - 91,964 425,000 900,000
Total Measure M 414,190 536,921 696,999 1,126,400 1,523,400
Habitat Restoration 153,618 305,793 218,165 179,000 182,000
Subregion 1 42,116 44,703 47,440 47,400 49,400
Measure A
Transfers Out - 150,000 50,000 100,000 80,000
C-15
4 Statement Of Expenditures - All Funds City of Rancho Palos Verdes | Requested Budget 2024-2025
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Actuals
FY21-22
Actuals
FY22-23
Actuals
FY23-24
YE Estimate
FY24-25 Draft
Budget
Total Measure A - 150,000 50,000 100,000 80,000
Abalone Cove Sewer Maintenance 94,903 119,142 155,983 139,782 157,500
Donor Restricted Donations
Operating Expenses 26,608 13,770 36,223 14,500 17,000
Total Donor Restricted Donations 26,608 13,770 36,223 14,500 17,000
Community Development Block Grant 29,908 158,529 400,186 27,483 150,000
Capital Improvement Program Fund
Administration 14,274 - - - -
Street Improvements 311,557 30,101 722,391 782,656 4,605,100
Parks, Trails & Open Space Improvements 396,073 - 180,127 115,000 1,190,000
Sewer Improvements 87,803 204,279 30,075 1,960 410,000
Building Improvements 33,301 255,216 8,742,526 5,274,212 1,914,500
Storm Water Quality Improvements 46,709 1,475 366,396 37,000 1,890,000
Landslide Improvements - 183,726 554,935 9,389,600 1,455,000
Landslide Improvements - - - 1,820,800 -
Salaries & Benefits - - - - 227,900
Total Capital Improvement 889,717 674,797 10,596,450 17,421,228 11,692,500
Federal Grants
Capital Improvements - - - - 5,714,900
Total Federal Grants - - - - 5,714,900
State Grants
Professional & Technical - 89,053 93,964 150,000 97,000
Capital Improvements 49,207 - - - 120,000
Transfers Out - - 813,341 - -
Total State Grants 49,207 89,053 907,305 150,000 217,000
Federal Grants - ARPA
Capital Improvements - 1,803,693 3,732,742 3,616,957 660,050
Total Federal Grants - 1,803,693 3,732,742 3,616,957 660,050
QUIMBY
Capital Improvements 130,863 422,174 422,523 163,983 -
Total Quimby 130,863 422,174 422,523 163,983 -
Environmental Excise Tax (EET)
Street Landscape Maintenance 143,635 120,090 62,596 - -
Total Environmental Excise Tax (EET)143,635 120,090 62,596 - -
TDA Article 3 - SB 821 Bikeway Fund
Operating Expenses 511 28,038 29,106 - -
Capital Improvements - - - - 150,000
Total TDA Article 3 - SB 821 Bikeway 511 28,038 29,106 - 150,000C-16
City of Rancho Palos Verdes | Requested Budget 2024-2025 Statement Of Expenditures - All Funds 5
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Actuals
FY21-22
Actuals
FY22-23
Actuals
FY23-24
YE Estimate
FY24-25 Draft
Budget
Measure W
Operating Expenses 187,954 465,213 521,145 378,100 408,600
Capital Improvements ----490,000
Total Measure W 187,954 465,213 521,145 378,100 898,600
Equipment Replacement 198,644 127,124 51,935 701,010 678,489
Employee Pension Fund --202,210 135,700 395,000
Total All Other Funds 8,725,014 8,708,926 22,628,612 28,990,980 32,098,839
Improvement Authority
IA - Portuguese Bend Maintenance
Prof/Tech Services 37,515 38,386 2,700 2,000 2,500
Repair & Maintenance Services 6,036 5,158 1,200 5,000 45,000
Electricity 1,500 2,552 2,515 3,200 3,500
Total Portuguese Bend Maintenance 45,051 46,096 6,415 10,200 51,000
IA - Abalone Cove Maintenance
Prof/Tech Services 15,205 17,828 2,700 --
Repair & Maintenance Services 3,086 5,158 1,200 10,000 10,000
Electricity 10,404 12,750 11,127 13,000 13,000
Total Abalone Cove Maintenance 28,695 35,736 15,027 23,000 23,000
Total Improvement Authority 73,746 81,832 21,442 33,200 74,000
Total City Expenditures 35,039,291 40,104,067 59,191,949 67,818,204 72,097,489
The Statement of Expenditures does not include additional approved transfers-out from the prior-year unallocated fund balance as noted in
the Fund Summary page of this report. All approved transfers-out will be reflected in the final totals for the FY 2024-25 Adopted Budget.
C-17
Program Code Project Name Fund
Committed as of
3/31/2024
Fiscal Year
2024-25
Fiscal Year
2025-26
Fiscal Year
2026-27
Fiscal Year
2027-28
Fiscal Year
2028-29
8200 Series Abalone Cove Santitary Sewer System Projects
330 (CIP Fund)19,250$ 360,000$ 4,405,000$ 1,355,000$ -$ -$
8300 Series Landslide Improvement Projects
330 (CIP Fund)-$ -$ -$ -$ 275,000$ 2,445,000$
215 (Proposition C)1,021,057$ 1,000,000$ 825,000$ 440,000$ TBD TBD
330 (CIP Fund)223,562$ 440,000$ -$ -$ TBD TBD
220 (Measure R)292,300$ -$ -$ -$ -$ -$
330 (CIP Fund)3,562,038$ 1,015,000$ 3,660,000$ 2,425,000$ -$ -$
331 (Federal Grants)-$ 2,385,000$ 8,555,000$ 5,660,000$ -$ -$
330 (CIP Fund)6,772,400$ -$ -$ -$ -$ -$
333 (ARPA Federal Grant)2,862,600$ -$ -$ -$ -$ -$
8400 Series Parks, Open Space & Recreation Facilities Projects
330 (CIP Fund)-$ 650,000$ 600,000$ 940,000$ -$ -$
330 (CIP Fund)-$ 540,000$ -$ -$ -$ -$
8500 Series Building Improvements Projects
330 (CIP Fund)448,840$ 200,000$ 350,000$ 500,000$ TBD TBD
330 (CIP Fund)93,994$ 825,000$ 355,000$ 660,000$ 545,000$ 585,000$
8700 Series Sewer & Storm Drain Improvements Projects
330 (CIP Fund)-$ 485,000$ 500,000$ 500,000$ 500,000$ 500,000$
330 (CIP Fund)311,974$ 50,000$ TBD TBD TBD TBD
330 (CIP Fund)263,594$ 995,000$ -$ -$ -$ -$
331 (Federal Grants)-$ 2,330,000$ -$ -$ -$ -$
333 (ARPA Federal Grant)11,000$ -$ -$ -$ -$ -$
343 (Measure W - Regional Grant)-$ 660,000$ 1,800,000$ 2,910,000$ 235,000$ 155,000$
330 (CIP Fund)-$ 85,000$ -$ -$ -$ -$
330 (CIP Fund)42,605$ 285,000$ -$ -$ -$ -$
330 (CIP Fund)-$ 40,000$ 315,000$ -$ -$ -$
343 (Measure W)-$ 490,000$ -$ -$ -$ -$
Lift Station Improvements at Lower Point Vicente
New Civic Center Complex
Facilities Asset Management Program
Storm Drain Asset Management Program & Master Plan Update
Altamira Canyon Improvements
Wildlife Cooridor Encroachment Removal
8715 Stormwater Drainage Improvements - Palos Verdes Drive South at
Peppertree Drive
Storm Drain Improvements at Peacock Ridge Road
Multi-Jurisdictional Stormwater Treatment at Torrance Airport
Storm Drain Outlet Improvements at Ocean Crest Drive
Peninsula Verde Stormwater Treatment Drywell
8302
8301 Palos Verdes Drive South Realignment - East End
8202 Abalone Cove Sanitary Sewer Rehabilitation Program
8304 Portuguese Bend Landslide Remediation
Palos Verdes Drive South Landslide Repair Program
8722
8723
8721
8724
8725
8708
8503
8509
8427
8307 Portuguese Bend Landslide Remediation - Emergency Hydraugers
8426 Park Playground Improvements
8701
D-1
Program Code Project Name Fund
Committed as of
3/31/2024
Fiscal Year
2024-25
Fiscal Year
2025-26
Fiscal Year
2026-27
Fiscal Year
2027-28
Fiscal Year
2028-29
8800 Series Right-of-Way Improvements Projects
204 (Gas Tax - SB1)141,137$ -$ -$ -$ -$ -$
330 (CIP Fund)1,853$ 675,000$ -$ -$ -$ -$
215 (Proposition C)200,000$ -$ TBD TBD TBD TBD
220 (Measure R)74,483$ -$ TBD TBD TBD TBD
221 (Measure M - Grant)475,127$ 900,000$ TBD TBD TBD TBD
310 (CDBG)30,000$ 150,000$ 150,000$ 150,000$ 150,000$ 150,000$
215 (Proposition C)70,401$ 85,000$ -$ -$ -$ -$
330 (CIP Fund)7,271$ 100,000$ 1,325,000$ -$ -$ -$
215 (Proposition C)55,503$ -$ -$ -$ -$ -$
211 (1911 Act)-$ 430,000$ -$ -$ -$ -$
330 (CIP Fund)211,391$ 1,785,000$ 420,000$ 3,600,000$ 420,000$ -$
333 (ARPA Federal Grant)135,000$ -$ -$ -$ -$ -$
0 (External Funding)-$ 1,250,000$ -$ -$ -$ -$
204 (Gas Tax - SB1)-$ 195,000$ -$ -$ 215,000$ -$
220 (Measure R)4,644$ 255,000$ -$ -$ -$ -$
330 (CIP Fund)191,837$ 345,000$ 625,000$ 650,000$ 665,000$ 680,000$
330 (CIP Fund)-$ 10,100$ -$ -$ -$ -$
331 (Federal Grants)-$ 999,900$ -$ -$ -$ -$
330 (CIP Fund)-$ 25,000$ 470,000$ -$ -$ -$
331 (Federal Grants)-$ -$ 1,420,000$ -$ -$ -$
332 (State Grants)-$ 120,000$ -$ -$ -$ -$
202 (Gas Tax - Highway User Tax Account)-$ 715,000$ 790,000$ 400,000$ -$ -$
204 (Gas Tax - SB1)-$ -$ 3,100,000$ -$ 1,610,000$ 525,000$
220 (Measure R)-$ 2,790,000$ -$ 1,400,000$ 515,000$ 1,645,000$
330 (CIP Fund)-$ 840,000$ 935,000$ 650,000$ 615,000$ 630,000$
211 (1911 Act)-$ 300,000$ TBD -$ -$ -$
330 (CIP Fund)-$ 235,000$ 3,395,000$ -$ -$ -$
220 (Measure R)-$ 60,000$ 805,000$ -$ -$ -$
330 (CIP Fund)-$ 40,000$ 540,000$ -$ -$ -$
330 (CIP Fund)-$ 550,000$ -$ -$ -$ -$
340 (Bicycle & Ped access)-$ 150,000$ -$ -$ -$ -$
330 (CIP Fund)-$ -$ 95,000$ 1,405,000$ -$ -$
220 (Measure R)-$ -$ -$ 60,000$ 835,000$ -$
330 (CIP Fund)-$ -$ -$ 65,000$ 905,000$ -$
17,523,861$ 25,840,000$ 35,435,000$ 23,770,000$ 7,485,000$ 7,315,000$
Roadway Asset Management Program - Indian Peak Road
Roadway Asset Management Program - Palos Verdes Drive East
Roadway Asset Management Program - Highridge Road
Roadway Asset Management Program - Crest Road
Roadway Asset Management Program - Residential Streets
Roadway Asset Management Program - Montemalaga Drive
Traffic Signal at Palos Verdes Drive South and Palos Verdes Drive
East8837
88New4 Roadway Asset Management Program - Crestridge Road
8846
8847
Traffic Calming Program - (Citywide)
8828 Intersection Improvements along Palos Verdes Drive South
Palos Verdes Drive East Guardrail Improvements
Roadway Asset Management Program - Crenshaw Boulevard
Curb Ramp Improvements Program
Roadway Asset Management Program - Triennial Update8844
8840
8808
8810
8809
8857
Western Avenue Traffic Flow Improvements
Western Avenue Beautification (long term)
8860
88New5
8855
8858
8859
8861
88LY2
8856
Sidewalk Management Program
Roadway Asset Management Program - Palos Verdes Drive South
Hawthorne Boulevard at Eddinghill/Seamount Left Turn Signal
D-2
Program Code Project Name Fund
Committed as of
3/31/2024
Fiscal Year
2024-25
Fiscal Year
2025-26
Fiscal Year
2026-27
Fiscal Year
2027-28
Fiscal Year
2028-29
Funding Summary
202 (Gas Tax - Highway User Tax Account)-$ 715,000$ 790,000$ 400,000$ -$ -$
204 (Gas Tax - SB1)141,137$ 195,000$ 3,100,000$ -$ 1,825,000$ 525,000$
211 (1911 Act)-$ 730,000$ -$ -$ -$ -$
215 (Proposition C)1,346,961$ 1,085,000$ 825,000$ 440,000$ -$ -$
220 (Measure R)371,427$ 3,105,000$ 805,000$ 1,460,000$ 1,350,000$ 1,645,000$
221 (Measure M)-$ -$ -$ -$ -$ -$
221 (Measure M - Grant)475,127$ 900,000$ -$ -$ -$ -$
225 (Ab Cove sewer maint.)-$ -$ -$ -$ -$ -$
310 (CDBG)30,000$ 150,000$ 150,000$ 150,000$ 150,000$ 150,000$
330 (CIP Fund)12,150,609$ 10,575,100$ 17,990,000$ 12,750,000$ 3,925,000$ 4,840,000$
331 (Federal Grants)-$ 5,714,900$ 9,975,000$ 5,660,000$ -$ -$
332 (State Grants)-$ 120,000$ -$ -$ -$ -$
333 (ARPA Federal Grant)3,008,600$ -$ -$ -$ -$ -$
334 (Quimby park development)-$ -$ -$ -$ -$ -$
340 (Bicycle & Ped access)-$ 150,000$ -$ -$ -$ -$
343 (Measure W)-$ 490,000$ -$ -$ -$ -$
343 (Measure W - Regional Grant)-$ 660,000$ 1,800,000$ 2,910,000$ 235,000$ 155,000$
0 (External Funding)-$ 1,250,000$ -$ -$ -$ -$
17,523,861$ 25,840,000$ 35,435,000$ 23,770,000$ 7,485,000$ 7,315,000$
D-3
Program Code Project Name Fund
Committed as of
3/31/2024
Fiscal Year
2024-25
Fiscal Year
2025-26
Fiscal Year
2026-27
Fiscal Year
2027-28
Fiscal Year
2028-29
Wants/Needs List (Projects not recommended for funding in Fiscal Years 2024-25 through 2028-29)
8200 Series Abalone Cove Santitary Sewer System Projects
8300 Series Landslide Improvement Projects
8400 Series Parks, Open Space & Recreation Facilities Projects
8411 Lower Point Vicente Parking Lot Lighting Improvements
8500 Series Building Improvements Projects
8700 Series Sewer & Storm Drain Improvements Projects
8711 Stormwater Drainage Improvements at Bayend Drive
8714 Stormwater Drainage Improvements from Crest Road to Crestridge
Canyon
8718 Stormwater Drainage Improvements at Corsini Place
87New1 Stormwater Drainage Improvements
- Hawthorne Boulevard at Hawkhurst Drive
8800 Series Right-of-Way Improvements Projects
8811 Aesthetic Improvements Program - Arterial Walls and Fences (City-
wide)
8839 Palos Verdes Drive East Path Improvements near Bronco Drive
8851 Arterial Roadway Beautification Program
Restroom Improvements and New Office Space at Eastview Park
8845 Palos Verdes Nature Preserve Parking - Crenshaw Boulevard (North of
Crest Road)
8417 Point Vicente Interpretive Center "Bubbles" Statue Marquee Sign
Fence Program8404
85Pot1
84New1 Connector Trail
D-4
Program Code Project Name Fund
Committed as of
3/31/2024
Fiscal Year
2024-25
Fiscal Year
2025-26
Fiscal Year
2026-27
Fiscal Year
2027-28
Fiscal Year
2028-29
COMPLETED PROJECTS
8200 Series Abalone Cove Santitary Sewer System Projects
8300 Series Landslide Improvement Projects
8302 Palos Verdes Drive South Landslide Repair Program
8400 Series Parks, Open Space & Recreation Facilities Projects
8405 Ladera Linda Community Park
8500 Series Building Improvements Projects
8508 Point Vicente Interpretive Center Restroom Improvements
8700 Series Sewer & Storm Drain Improvements Projects
8800 Series Right-of-Way Improvements Projects
8843 Roadway Asset Management Program - Silver Spur Road (North of
Hawthorne Boulevard)
8853 Retaining Wall Repairs at 3001 Crest Road
D-5
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City of Rancho Palos Verdes | Requested Budget 2024-2025 1
Project Account Detail
Project
Code Project Details Account Description
FY 20-21
Actuals
FY 21-22
Actuals
FY 22-23
Actuals
FY 23-24
YE Estimates
FY24-25
Draft Budget
8004 PUBLIC SIGNS REPLACEMENT PROGRAM 2,048 - - - -
330-400-8004-8006 Inspection Services 2,048 - - - -
8005 IT- CITYWIDE TECHNOLOGY IMPROV - 173,720 20,391 52,200 -
333-400-8005-8001 Professional/Tech Services - 1,678 5,805 5,550 -
333-400-8005-8101 Equipment & Furniture - 172,042 14,586 46,650 -
8006 IT - HESSE PARK TECHNOLOGY IMP - 6,000 26,424 2,526 335,050
333-400-8006-8001 Professional/Tech Services - 6,000 - - -
333-400-8006-8101 Equipment & Furniture - - 26,424 2,526 335,050
8007 EMERGENCY PREPAREDNESS - - - - 325,000
333-400-8007-8001 Professional/Tech Services - - - - 100,000
333-400-8007-8101 Equipment & Furniture - - - - 225,000
8110 GRANT ADMINISTRATION 14,274 - - - -
330-400-8110-4901 Misc. Expenses 14,274 - - - -
8202 ABALONE COVE SEWER REHABILITATION PROGRAM 6,652 - 17,291 1,960 360,000
330-400-8202-8001 Professional/Tech Services - - 17,291 1,960 100,000
330-400-8202-8005 Engineering Design Services 6,652 - - - 260,000
8302 PVDS LANDSLIDE AREA RESURFACING PROGRAM 649,820 498,074 1,096,888 1,435,297 1,440,000
215-400-8302-8001 Professional/Tech Services - 70,992 209,347 3,223 -
215-400-8302-8005 Engineering Design Services - - 11,974 11,974 -
215-400-8302-8006 Inspection Services 18,000 11,008 - 20,100 -
215-400-8302-8802 Other Improvements 631,820 416,074 875,567 1,050,000 1,000,000
330-400-8302-8001 Professional/Tech Services - - - 230,000 200,000
330-400-8302-8005 Engineering Design Services - - - 40,000 -
330-400-8302-8006 Inspection Services - - - 50,000 240,000
330-400-8302-8802 Other Improvements - - - 30,000 -
8304 PORTUGUESE BEND LANDSLIDE REMEDIATION 157,593 201,663 586,175 1,631,638 3,400,000
220-400-8304-8001 Professional/Tech Services 157,593 17,937 31,240 81,638 -
330-400-8304-8001 Professional/Tech Services - 183,726 213,798 300,000 735,000
330-400-8304-8003 Environmental Review - - - - 50,000
330-400-8304-8005 Engineering Design Services - - 341,137 1,250,000 230,000
331-400-8304-8001 Professional/Tech Services - - - - 2,385,000
8306 AB COVE LANDSLIDE DEWATERING W - - - 717,200 -D-6
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2 City of Rancho Palos Verdes | Requested Budget 2024-2025
Project
Code Project Details Account Description
FY 20-21
Actuals
FY 21-22
Actuals
FY 22-23
Actuals
FY 23-24
YE Estimates
FY24-25
Draft Budget
330-400-8306-8802 Other Improvements - - - 717,200 -
8307 PB Landslide Remediation - Emergency Hydraugers - - - 9,635,000 -
330-400-8307-8001 Professional/Tech Services - - - 360,000 -
330-400-8307-8005 Engineering Design Services - - - 275,000 -
330-400-8307-8802 Other Improvements - - - 6,137,400 -
333-400-8307-8802 Other Improvements - - - 2,862,600 -
8404 COASTAL BLUFF FENCE 293,304 - - - -
330-400-8404-8006 Inspection Services 23,414 - - - -
330-400-8404-8404
Trails/Open Space
Improvements 269,890 - - - -
8405 LADERA LINDA COMMUNITY PARK 130,863 2,083,808 11,407,176 5,234,780 889,500
330-400-8405-5105 Interest Expenses - - 155,320 143,900 129,200
330-400-8405-7101 Principal - - 734,025 745,500 760,300
330-400-8405-8001 Professional/Tech Services - 8,349 4,308 17,105 -
330-400-8405-8099 Misc./Other Expenses - - - 30,071 -
330-400-8405-8101 Equipment & Furniture - 41,712 62,551 45,561 -
330-400-8405-8403 Parks Improvements - - 7,607,446 3,982,283 -
333-400-8405-8001 Professional/Tech Services - 424,717 385,731 106,377 -
333-400-8405-8008 Material Testings - 12,645 28,467 - -
333-400-8405-8403 Parks Improvements - 1,174,211 2,006,805 - -
334-400-8405-8001 Professional/Tech Services 920 6,795 - 39,471 -
334-400-8405-8004 Architecture Design Services 129,943 395,759 261,942 96,000 -
334-400-8405-8006 Inspection Services - - 139,002 21,615 -
334-400-8405-8008 Material Testings - 3,025 11,363 - -
334-400-8405-8099 Misc./Other Expenses - 16,595 10,216 6,897 -
8418 HESSE PARKING LOT IMPROVE 13,383 - - - -
330-400-8418-8004 Architecture Design Services 13,383 - - - -
8420 PV NATURE PRESERVE SIGNS PROGRAM 19,435 - 55,400 - -
330-400-8420-8802 Other Improvements 19,435 - 55,400 - -
8421 PVIC PARK MASTER PLAN/IMPROV 19,602 - - - -
330-400-8421-8005 Engineering Design Services 19,602 - - - -
8422 BURMA ROAD TRAIL 50,349 - - - -
330-400-8422-8802 Other Improvements 50,349 - - - -
8423 NATURE PRESERVE GATE FOR RATTLESNAKE TRAILHEAD - - 124,727 - -D-7
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City of Rancho Palos Verdes | Requested Budget 2024-2025 3
Project
Code Project Details Account Description
FY 20-21
Actuals
FY 21-22
Actuals
FY 22-23
Actuals
FY 23-24
YE Estimates
FY24-25
Draft Budget
330-400-8423-8001 Professional/Tech Services - - 25,096 - -
330-400-8423-8802 Other Improvements - - 99,631 - -
8424 CITY ENTRANCE ROADWAY AND PARK MONUMENT SIGNS - - 352,044 78,801 -
333-400-8424-8802 Other Improvements - - 352,044 78,801 -
8426 PARK PLAYGROUND IMPROVEMENTS - - - 115,000 650,000
330-400-8426-8001 Professional/Tech Services - - - 30,000 90,000
330-400-8426-8006 Inspection Services - - - 20,000 120,000
330-400-8426-8802 Other Improvements - - - 65,000 440,000
8427 WILDLIFE CORRIDOR ENCROACHMENT REMOVAL - - - - 540,000
330-400-8427-8005 Engineering Design Services - - - - 100,000
330-400-8427-8404
Trails/Open Space
Improvements - - - - 440,000
8503 NEW CIVIC CENTER COMPLEX 3,301 116,583 170,954 55,856 200,000
330-400-8503-8001 Professional/Tech Services 3,301 116,583 170,954 55,856 200,000
8504 CITYWIDE ADA TRANSITION PLAN 30,000 2,500 - - -
330-400-8504-8004 Architecture Design Services 30,000 2,500 - - -
8508 RESTROOM IMPROVEMENTS AT PVIC - 12,400 16,200 472,851 -
330-400-8508-8001 Professional/Tech Services - - - 4,000 -
330-400-8508-8006 Inspection Services - - - 39,936 -
330-400-8508-8802 Other Improvements - - - 25,000 -
333-400-8508-8005 Engineering Design Services - 12,400 16,200 6,365 -
333-400-8508-8802 Other Improvements - - - 397,550 -
8509 FACILITIES ASSET MANAGEMENT PROGRAM - 86,072 7,922 185,000 825,000
330-400-8509-8001 Professional/Tech Services - 86,072 7,922 150,000 30,000
330-400-8509-8005 Engineering Design Services - - - 15,000 60,000
330-400-8509-8006 Inspection Services - - - 20,000 60,000
330-400-8509-8802 Other Improvements - - - - 675,000
8701
STORM DRAIN ASSET MGMT PROGRAM & MASTER PLAN
UPDATE - - - - 485,000
330-400-8701-8001 Professional/Tech Services - - - - 200,000
330-400-8701-8005 Engineering Design Services - - - - 75,000
330-400-8701-8006 Inspection Services - - - - 15,000
330-400-8701-8807 Stormwater Improvements - - - - 195,000
8708 ALTAMIRA CANYON IMPROVEMENTS - EROSION CONTROL 81,151 204,279 12,784 - 50,000D-8
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4 City of Rancho Palos Verdes | Requested Budget 2024-2025
Project
Code Project Details Account Description
FY 20-21
Actuals
FY 21-22
Actuals
FY 22-23
Actuals
FY 23-24
YE Estimates
FY24-25
Draft Budget
330-400-8708-8001 Professional/Tech Services 81,151 204,279 12,784 - 50,000
8709 CONNECTOR PIPE SCREENS 23,721 - - - -
330-400-8709-8004 Architecture Design Services 7,850 - - - -
330-400-8709-8807 Stormwater Improvements 4,250 - - - -
332-400-8709-8807 Stormwater Improvements 11,621 - - - -
8714 CREST RD TO CRESTRIDGE 19,598 - - - -
330-400-8714-8005 Engineering Design Services 19,598 - - - -
8715
STORMWATER DRAINAGE IMPROVEMENTS PVDS AT
PEPPERTREE DR. 15,011 1,475 38,106 69,000 3,325,000
330-400-8715-8001 Professional/Tech Services - - 27,106 - 110,000
330-400-8715-8004 Architecture Design Services 15,011 1,475 - - -
330-400-8715-8006 Inspection Services - - - - 215,000
330-400-8715-8802 Other Improvements - - - - 670,000
331-400-8715-8802 Other Improvements - - - - 2,330,000
333-400-8715-8001 Professional/Tech Services - - 11,000 29,000 -
333-400-8715-8005 Engineering Design Services - - - 40,000 -
8720 SINKHOLE REPAIRS @ HAWTHORNE BLVD. - - 414,290 - -
220-400-8720-8807 Stormwater Improvements - - 75,000 - -
330-400-8720-8001 Professional/Tech Services - - 52,822 - -
330-400-8720-8807 Stormwater Improvements - - 286,468 - -
8722
STORM DRAIN OUTLET IMPROVEMENTS AT OCEAN CREST
DRIVE - - - - 85,000
330-400-8722-8001 Professional/Tech Services - - - - 15,000
330-400-8722-8802 Other Improvements - - - - 70,000
8723 STORM DRAIN IMPROVEMENTS AT PEACOCK RIDGE ROAD - - - 37,000 285,000
330-400-8723-8001 Professional/Tech Services - - - 37,000 10,000
330-400-8723-8006 Inspection Services - - - - 20,000
330-400-8723-8802 Other Improvements - - - - 255,000
8724 LIFT STATION IMPS AT LOWER POINT VICENTE - - - - 40,000
330-400-8724-8005 Engineering Design Services - - - - 40,000
8725 STORMWATER TREATMENT PROJECT - DRY WELL - - - - 490,000
343-400-8725-8001 Professional/Tech Services - - - - 45,000
343-400-8725-8005 Engineering Design Services - - - - 30,000
343-400-8725-8006 Inspection Services - - - - 30,000
343-400-8725-8807 Stormwater Improvements - - - - 385,000D-9
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City of Rancho Palos Verdes | Requested Budget 2024-2025 5
Project
Code Project Details Account Description
FY 20-21
Actuals
FY 21-22
Actuals
FY 22-23
Actuals
FY 23-24
YE Estimates
FY24-25
Draft Budget
8801 SIDEWALK REPAIR & REPLACEMENT 196,148 - - - -
220-400-8801-8006 Inspection Services 22,784 - - - -
220-400-8801-8802 Other Improvements 173,364 - - - -
8804 HAWTHORNE BLVD. BEAUTIFICATION 1,537,395 33,976 - - -
202-400-8804-8002 Construction Management 2,240 - - - -
202-400-8804-8004 Architecture Design Services 13,353 - - - -
202-400-8804-8006 Inspection Services 72,736 - - - -
202-400-8804-8802 Other Improvements 1,449,066 33,976 - - -
8808
ROADWAY ASSET MANAGEMENT PROGRAM - CRENSHAW
BLVD. 89,537 - 1,853 - 675,000
202-400-8808-8005 Engineering Design Services 89,537 - - - -
330-400-8808-8001 Professional/Tech Services - - 1,853 - 25,000
330-400-8808-8005 Engineering Design Services - - - - 50,000
330-400-8808-8006 Inspection Services - - - - 50,000
330-400-8808-8802 Other Improvements - - - - 550,000
8809 WESTERN AVENUE TRAFFIC FLOW IMPROVEMENTS 5,012 73,402 91,964 606,000 900,000
215-400-8809-8005 Engineering Design Services - 70,000 - 25,000 -
215-400-8809-8804 Arterial St Improvements - - - 156,000 -
220-400-8809-8005 Engineering Design Services 5,012 3,402 - - -
221-400-8809-8001 Professional/Tech Services - - 91,964 425,000 -
221-400-8809-8005 Engineering Design Services - - - - 900,000
8810 ADA INFRASTRUCTURE IMPROVEMENTS 4,453 135,584 - 12,000 150,000
310-400-8810-8001 Professional/Tech Services 4,453 10,858 - 12,000 5,000
310-400-8810-8005 Engineering Design Services - - - - 20,000
310-400-8810-8006 Inspection Services - 12,250 - - 10,000
310-400-8810-8802 Other Improvements - 112,476 - - 115,000
8818 RESIDENTIAL ST REHAB - AREA 8 3,357 - - - -
330-400-8818-8004 Architecture Design Services 3,357 - - - -
8821 STREET LIGHTS ACQUISITION 8,250 - - - -
211-400-8821-8099 Misc./Other Expenses 8,250 - - - -
8822 WESTERN AVE. ALPR 3,156 - - - -
330-400-8822-8802 Other Improvements 3,156 - - - -
8824 SILVER SPUR TRANSIT IMPROVE 463,842 - - - -D-10
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6 City of Rancho Palos Verdes | Requested Budget 2024-2025
Project
Code Project Details Account Description
FY 20-21
Actuals
FY 21-22
Actuals
FY 22-23
Actuals
FY 23-24
YE Estimates
FY24-25
Draft Budget
216-400-8824-8002 Construction Management 2,240 - - - -
216-400-8824-8006 Inspection Services 26,048 - - - -
216-400-8824-8099 Misc./Other Expenses 9,584 - - - -
216-400-8824-8802 Other Improvements 425,970 - - - -
8828 PVDS INTERSECTION IMPROVEMENTS - - 7,271 - 185,000
215-400-8828-8005 Engineering Design Services - - - - 85,000
330-400-8828-8001 Professional/Tech Services - - - - 100,000
330-400-8828-8005 Engineering Design Services - - 7,271 - -
8830 PENINSULA-WIDE SAFE ROUTES 42,456 - - - -
330-400-8830-8005 Engineering Design Services 4,870 - - - -
332-400-8830-8005 Engineering Design Services 37,586 - - - -
8834
ROADWAY ASSET MANAGEMENT PROGRAM - RESIDENTIAL
STREETS 298,126 - 34,668 - -
330-400-8834-8005 Engineering Design Services - - 34,668 - -
330-400-8834-8805 Residential St Improvements 298,126 - - - -
8837 NEW TRAFFIC SIGNAL AT PVDS & PVDE 109,258 171,876 45,703 - 430,000
211-400-8837-8001 Professional/Tech Services - - - - 20,000
211-400-8837-8006 Inspection Services - - - - 35,000
211-400-8837-8811 Traffic Improvements - - - - 375,000
215-400-8837-8005 Engineering Design Services 3,102 11,827 3,673 - -
215-400-8837-8006 Inspection Services - 23,303 - - -
215-400-8837-8802 Other Improvements 106,156 136,746 42,030 - -
8838 TRAFFIC SIGNAL @ VIA RIVERA 360,160 15,752 - - -
211-400-8838-8005 Engineering Design Services 5,834 163 - - -
211-400-8838-8006 Inspection Services 16,640 2,560 - - -
211-400-8838-8101 Equipment & Furniture 62,171 - - - -
211-400-8838-8802 Other Improvements 275,515 13,029 - - -
8839 PVDE WIDENING AT BRONCO 68,664 18,777 - - -
220-400-8839-8005 Engineering Design Services 68,664 18,777 - - -
8840 WESTERN AVENUE BEAUTIFICATION (LONG TERM) - - 106,781 147,538 1,785,000
330-400-8840-8001 Professional/Tech Services - - 56,471 110,100 -
330-400-8840-8802 Other Improvements - - - - 1,785,000
333-400-8840-8001 Professional/Tech Services - - 50,310 37,438 -
8841 ADA REDONELA DRIVE AREA 22,447 20,070 375,261 15,483 -D-11
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City of Rancho Palos Verdes | Requested Budget 2024-2025 7
Project
Code Project Details Account Description
FY 20-21
Actuals
FY 21-22
Actuals
FY 22-23
Actuals
FY 23-24
YE Estimates
FY24-25
Draft Budget
310-400-8841-8001 Professional/Tech Services 22,447 20,070 125,209 15,483 -
310-400-8841-8005 Engineering Design Services - - 7,964 - -
310-400-8841-8802 Other Improvements - - 242,088 - -
8843
ARTERIAL ROADWAY REHABILITATION - SILVER SPUR
ROAD NORTH - 25,819 861,811 27,057 -
220-400-8843-8001 Professional/Tech Services - 25,819 - - -
220-400-8843-8801 Infrastructures - - 26,441 22,957 -
333-400-8843-8001 Professional/Tech Services - - 20,963 4,100 -
333-400-8843-8802 Other Improvements - - 814,407 - -
8844
PAVEMENT MANAGEMENT PROGRAM - TRIENNIAL
UPDATE - 149,922 29,239 - 195,000
202-400-8844-8001 Professional/Tech Services - 149,922 - - -
204-400-8844-8001 Professional/Tech Services - - 29,239 - 195,000
8845
TRAFFIC CALMING - PV NATURE PRESERVE PARKING
SOLUTIONS - - 24,165 - -
330-400-8845-8005 Engineering Design Services - - 24,165 - -
8846 TRAFFIC CALMING PROGRAM - CITYWIDE - - 136,605 150,000 600,000
220-400-8846-8001 Professional/Tech Services - - - - 20,000
220-400-8846-8005 Engineering Design Services - - - - 150,000
220-400-8846-8006 Inspection Services - - - - 35,000
220-400-8846-8802 Other Improvements - - - 50,000 50,000
330-400-8846-8001 Professional/Tech Services - - 71,920 - -
330-400-8846-8005 Engineering Design Services - - 40,894 100,000 -
330-400-8846-8802 Other Improvements - - 23,791 - 345,000
8847 GUARDRAIL IMPROVEMENTS ALONG PVDE - - - - 1,010,000
330-400-8847-8811 Traffic Improvements - - - - 10,100
331-400-8847-8002 Construction Management - - - - 40,000
331-400-8847-8005 Engineering Design Services - - - - 75,000
331-400-8847-8006 Inspection Services - - - - 75,000
331-400-8847-8811 Traffic Improvements - - - - 809,900
8848
ARTERIAL ROADWAY REHABILITATION - SILVER SPUR
ROAD SOUTH - 43,346 752,481 - -
202-400-8848-8805 Residential St Improvements - - 315,000 - -
215-400-8848-8805 Residential St Improvements - - 26,000 - -
220-400-8848-8001 Professional/Tech Services - - 375 - -
220-400-8848-8002 Construction Management - - 19,939 - -
220-400-8848-8005 Engineering Design Services - 43,346 - - -
D-12
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8 City of Rancho Palos Verdes | Requested Budget 2024-2025
Project
Code Project Details Account Description
FY 20-21
Actuals
FY 21-22
Actuals
FY 22-23
Actuals
FY 23-24
YE Estimates
FY24-25
Draft Budget
330-400-8848-8805 Residential St Improvements - - 391,167 - -
8850 TRAFFIC MANAGEMENT-FORRESTAL - 30,101 - - -
330-400-8850-8001 Professional/Tech Services - 30,101 - - -
8853 RETAINING WALL AT 3001 CREST ROAD - - 70,191 572,556 -
330-400-8853-8001 Professional/Tech Services - - - 35,100 -
330-400-8853-8005 Engineering Design Services - - 70,191 13,000 -
330-400-8853-8006 Inspection Services - - - 84,456 -
330-400-8853-8802 Other Improvements - - - 440,000 -
8855 ROADWAY ASSET MANAGEMENT PROGRAM - PVDS - - - - 145,000
330-400-8855-8005 Engineering Design Services - - - - 25,000
332-400-8855-8005 Engineering Design Services - - - - 120,000
8856
ROADWAY ASSET MANAGEMENT PROGRAM - RESIDENTIAL
STREETS - - - - 4,345,000
202-400-8856-8001 Professional/Tech Services - - - - 145,000
202-400-8856-8005 Engineering Design Services - - - - 285,000
202-400-8856-8006 Inspection Services - - - - 285,000
220-400-8856-8802 Other Improvements - - - - 2,790,000
330-400-8856-8802 Other Improvements - - - - 840,000
8857
HAWTHORNE BLVD AT EDDINGHILL/SEAMOUNT LEFT
TURN SIGNAL - - - - 300,000
211-400-8857-8001 Professional/Tech Services - - - - 10,000
211-400-8857-8005 Engineering Design Services - - - - 40,000
211-400-8857-8006 Inspection Services - - - - 20,000
211-400-8857-8802 Other Improvements - - - - 230,000
8858 ROADWAY ASSET MANAGEMENT PROGRAM - PVDE - - - - 235,000
330-400-8858-8005 Engineering Design Services - - - - 235,000
8859
ROADWAY ASSET MANAGEMENT PROGRAM - HIGHRIDGE
ROAD - - - - 60,000
220-400-8859-8005 Engineering Design Services - - - - 60,000
8860
ROADWAY ASSET MANAGEMENT PROGRAM -
MONTEMALAGA DRIVE - - - - 40,000
330-400-8860-8005 Engineering Design Services - - - - 40,000
8861 SIDEWALK MANAGEMENT PROGRAM - - - - 700,000
330-400-8861-8001 Professional/Tech Services - - - - 25,000
D-13
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City of Rancho Palos Verdes | Requested Budget 2024-2025 9
Project
Code Project Details Account Description
FY 20-21
Actuals
FY 21-22
Actuals
FY 22-23
Actuals
FY 23-24
YE Estimates
FY24-25
Draft Budget
330-400-8861-8005 Engineering Design Services ---- 50,000
330-400-8861-8006 Inspection Services ---- 50,000
330-400-8861-8802 Other Improvements ---- 425,000
340-400-8861-8802 Other Improvements ---- 150,000
Grand Total 4,742,366 4,105,199 16,884,765 21,254,743 25,479,550
The FY 24-25 Draft CIP Budget total of $25,479,550 includes $889,500 for the Ladera Linda loan payment and $660,050 in capital projects for
IT (8006) and Emergency Preparedness (8007) which are not shown in the Five-Year Capital Improvement Program.
D-14