CC SR 20251216 04 - FY24-25 Year End ReportCITY COUNCIL MEETING DATE: 12/16/2025
AGENDA REPORT AGENDA HEADING: Regular Business
AGENDA TITLE:
Consider the Fiscal Year (FY) 2024-25 Year-End Draft Financial Report.
RECOMMENDED COUNCIL ACTION:
(1)Receive and file the FY 2024-25 Year-End Draft Financial Report;
(2)Approve the Purchase Order Carryover Schedule for previously approved projects
in the amount of $4,465,585 from FY 2024-25 to FY 2025-26, thereby approving
the following:
a.Decreasing FY 2024-25 Budget for the following: $1,188,698 (General
Fund), $4,845 (Gas Tax-SB-1), $703,277 (1911 Act Street Lighting),
$145,720 (Proposition C), $86,704 (Measure R), $359,123 (Measure M),
$31,595 (Abalone Cove Sewer District), $691,871 (CIP), $2,900 (Federal
Grants), $775,766 (State Grants), $336 (Measure W), $474,750
(Equipment Replacement); and
b.Increasing FY 2025-26 Adopted Budget for the same amounts listed in 2(a).
(3)Approve Continuing Appropriations for previously approved projects of $4,551,548
from FY 2024-25 to FY 2025-26, thereby, approving the following;
a.Decreasing FY 2024-25 Budget for the following: $958,850 (General Fund),
$460,000 (Gas Tax-SB-1), $171,867 (1911 Act Street Lighting), $70,000
(Public Safety Grant), $4,800 (Habitat Restoration), $150,000 (CDBG),
$2,209,708 (Capital Infrastructure Project), $92,500 (State Grants),
$226,323 (Quimby Park Development), $115,000 (Bicycle/Pedestrian
Access), $60,000 (Measure W), $32,500 (Equipment Replacement); and
b.Increasing FY 2025-26 Adopted Budget for the same amounts listed in 3(a).
FISCAL IMPACT: The recommended Council actions align with the year-end process
required by the governmental accounting standards and allow
continuation of projects, programs, and purchases previously
approved by the City Council but not completed or paid by June 30,
2025. The recommendations shift budget authority from prior fiscal
year to the new fiscal year.
Amount Budgeted: As listed in Council Action Nos. 2 and 3
Additional Appropriation: As listed in Council Action Nos. 2 and 3
Account Number(s): Various accounts; see Attachments A and B
ORIGINATED BY: Robert Moya, Deputy Director of Finance RM
REVIEWED BY: Vina Ramos, Director of Finance VR
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APPROVED BY: Ara Mihranian, AICP, City Manager
ATTACHED SUPPORTING DOCUMENTS:
A. Purchase Order Carryover Schedule (page A-1)
B. Additional Appropriation Schedule (page B-1)
BACKGROUND:
This report provides the City Council with an overview of the FY 2024-25 Draft Year-End
Financial Report and outlines the required budget actions to formally close the fiscal year
for the projects, programs, and purchases that were previously approved by the City
Council but not completed or paid by June 30, 2025.
In municipal finance, financial reporting standards for the oversight of public funds require
cities to:
• Maintain separate funds by purpose – i.e., general operations, major capital
maintenance and improvements, and restricted-use of funds.
• Report transfers separately from operating expenses to distinguish the ongoing
operational costs from amounts redirected to other funds for long-term or
restricted uses.
• Report on the changes in fund balances.
Accordingly, the report summarizes the performance of the General Fund (operating
fund), Capital Infrastructure Program (CIP) Fund, Special Revenue Funds, and Other
Funds, covering the fiscal year ending June 30, 2025.
The report also provides additional analysis of the City’s General Fund, highlighting major
revenue, expenditure, and transfers trends by comparing revised budget to year-end draft
actuals. Given the significant emergency and mitigation costs, as well as the sudden
decline in reserves associated with the Portuguese Bend Landslide Complex, this year’s
report will also include an update on the CIP Fund and its current balance.
The City’s external auditor, CliftonLarsonAllen LLP (CLA), initiated the audit in mid-
November and is expected to complete the process by January 2026. As such, the figures
presented in this report are considered a draft until the final audit is completed. However,
Staff does not anticipate any material changes and expects another year of a favorable
(clean) audit for the City. Following its completion, CLA will present the report to the City
Council Audit Subcommittee, which is currently comprised of Councilmember Bradley and
Councilmember Lewis (if this changes under a separate agenda item this evening, it will
be with the new subcommittee members). Subsequently, Staff will report the final audit
results and submit the Annual Comprehensive Financial Report (ACFR) to the Finance
Advisory Committee (FAC) and the City Council.
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EXECUTIVE SUMMARY – GENERAL FUND AND CIP FUND FOR FISCAL YEAR
2024-25:
General Fund
The General Fund is reported in four main sections - Revenues, Expenditures, Transfers,
Fund Balance as summarized below:
• Operating Revenues ended the fiscal year at $44.3 million, exceeding projections
by approximately $1.8 million, or 4.3% above the revised budget of $42.5 million.
This positive result would increase the fund balance.
• Operating Expenditures ended the fiscal year at $35.0 million, underspending the
revised budget of $40.4 million by $5.4 million, or 13.4%.
o Of the underspent amount of $5.4 million, approximately $2.1 million (44%)
in purchase carryovers and continuing appropriations is being requested to
continue funding projects into the current fiscal year that were previously
approved by the City Council but not completed by June 30, 2025.
o The remaining unspent budget of $3.3 million would return to the fund
balance. During next year’s budget workshop, the City Council will be
asked how to allocate these funds.
• Transfers-Out ended the year at $13.4 million, exceeding projections of
approximately $0.3 million, or 2.5% above the revised budget of $13.0 million.
o Transferred a total of $12.7 million to the CIP Fund and $0.8 million to Other
Funds. This transfer is the highest Transfers-Out to the CIP Fund in the
past decade and primarily responding to landslide funding needs.
o The $12.7 million transferred to the CIP Fund includes $6.3 million from the
adopted budget and an additional $6.4 million, approved by the City
Council in October 2024, using prior years’ reserves to support emergency
and mitigation efforts for the Portuguese Bend Landslide Complex.
o When applying the additional transfers to the CIP using prior year’s
reserves, the total expenditures and transfers in FY 2024-25 amount to
$48.4 million.
• Fund Balance is estimated at $33.0 million. After applying the 50% City Council
Reserve Policy No. 41 and including carryovers, the estimated unallocated fund
balance is $14.1 million, an increase of $4.6 million or 39% above the revised
budget.
o Excess revenues of $44.3 million over expenditures of $35.0 million is $9.2
million. However, when offset by annual transfers and additional transfers
from prior year’s reserves to the CIP Fund and Other Funds, for a total of
$13.4 million, the net change in fund balance is a decrease of $4 million
(from $37 million to $33 million).
CIP Fund
The CIP Fund also reported in four main sections – Revenues, Capital and Maintenance,
Expenditures, Transfers, and Fund Balance. The year-end results are summarized as
follows:
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• Revenues from LA County grant and interest earnings ended the year at $3.5
million, exceeding projections by $0.7 or 20%.
• Capital and Maintenance Expenditures ended the year at $28.9 million,
approximately $5.8 million, or 17% below the revised budget of $34.8 million:
o Approximately $23.1 million (80%) of these expenditures were related to
the Portuguese Bend Landslide Complex. This amount is approximately
$2.5 million lower or 9% than revised budget. Majority of this amount is
being requested to carry over into FY 2025-26 for completion.
o Approximately $3.5 million was issued as loans to be paid in the next 10
years to landslide hazard abatement districts to help support their landslide
stabilization efforts.
o The remaining $2.2 million supported a combination of facilities asset
management programs, loan payment, building, sidewalk management
programs, storm drain improvements, traffic calming measures, and
beautification projects.
• Transfers-In from the General Fund totaled $12.7 million, consisting of $6.3 million
from the adopted budget and an additional $6.4 million approved by the City
Council in October 2024, utilizing prior years’ reserves for the Portuguese Bend
Landslide Complex.
Fund Balance is estimated at $16.8 million, a decrease of $12.8 million from the
prior year’s fund balance of $29.6 million. After applying the 50% City Council
Reserve Policy No. 41 and including carryovers, the estimated restricted fund
balance for capital maintenance and improvements is $9.5 million, an increase of
$3.6 million from the revised budget.
As part of the year-end process, Staff is requesting approval of previously authorized
projects and services to continue into FY 2025-26 from all funds as listed in Council Action
Numbers 2 and 3:
• $4.5 million in Purchase Order Carryovers
• $4.5 million in Continuing Appropriations
These adjustments shift budget authority into the new fiscal year and have no net fiscal
impact.
Due to delays in capital projects caused by the landslide-related expenditures over the
past several years, projected to reach $64.4 million by June 30, 2026, the positive
performance of the General Fund of $3.3 million is particularly important. As the main
source of funding for the CIP Fund, each time the General Fund ends the year with
revenues exceeding expenditures, it provides additional resources that allow the City
Council to consider additional Transfers-Out to the CIP Fund, further supporting capital
needs. The City Council will be asked how to allocate these funds during next year’s
budget workshop.
In addition to the summary above, the following discussion highlights the key changes
between the revised budget and the year-end draft results, as outlined below:
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• General Fund year-end results, starting with General Fund Balance
Reconciliation and additional details on Revenues, Expenditures, and
Transfers
• CIP, Special Revenue Funds, and Other Funds results
• Purchase order carryovers and continuing appropriation requests
DISCUSSION:
1. Fiscal Year 2024-25 General Fund Year-End Results
General Fund Balance Reconciliation
The fund balance reconciliation begins with the General Fund’s starting balance, adds
revenues and transfers-in, subtracts operating expenditures and transfers-out. The
calculation also reflects year-end designations that affect the available balance,
including the City’s 50% Reserve Policy requirement (reserves), purchase orders in
process at year-end, and continuing appropriations. The remaining balance is
categorized as the unallocated fund balance (additional reserves), which has
historically supported the City’s capital maintenance and improvements. In FY 2024-
25, approximately $12.7 million of these reserves were transferred to the CIP Fund.
In FY 2024-25, as shown in Table 1 on the next page, the General Fund ended the
year with an approximately $33.0 million fund balance, an increase of about $6.7
million, or 25%, over the revised budget fund balance of $26.3 million. This balance is
net of additional transfers of reserves approved by the City Council. After applying the
City Council’s 50% Reserve Policy, purchase order carryovers, and continuing
appropriations, the General Fund’s unallocated fund balance is $14.1 million,
reflecting an increase of $4.6 million, or 39%, over the revised budget balance of $9.5
million.
Continued on Next Page
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Table 1 – FY 2024-25 General Fund Balance Reconciliation
Additional information on the changes from year-end estimates is provided below.
General Fund Revenues
Total operating revenues increased by nearly $1.8 million, or 4%, when compared to
FY 2024-25 Revised Budget. Table 2 on the following page provides additional details
for each source.
Continued on Next Page
General Fund (in millions)
FY 2024-25
Revised
Budget
FY 2024-25
Year-End
Estimates
FY 2024-25
Year-End
DRAFT
BEGINNING BALANCE 37.0 37.0 37.0 0.0
REVENUES AND EXPENDITURES
Operating Revenues 39.7 40.2 41.5 1.8 4%
Grant Revenue - LA County 2.8 2.8 2.8 0.0 0%
Operating Expenditures -37.6 -35.7 -32.9 -4.7 -13%
Grant Expenditures - Landslide -2.8 -2.8 -2.2 -0.6 -21%
TOTAL EXCESS OF REVENUES OVER EXPENDITURES 2.1 4.5 9.2 7.1 337%
TRANSFERS
Transfers-In to General Fund 0.3 0.3 0.2 -0.1 -43%
Transfers-Out to CIP (TOT)-3.9 -3.9 -4.2 0.3 7%
Other Transfers-Out -0.3 -0.4 -0.3 0.0 -6%
TOTAL - TRANSFERS -3.9 -4.0 -4.3 0.3 7%
DRAFT FUND BALANCE - 06/30/25 (BEFORE ADDITIONAL TRANSFERS-OUT)35.2 37.5 41.9 6.7 19%
ADDITIONAL TRANSFERS FROM RESERVES (CITY COUNCIL POLICY NO. 41)
City Council Restricted Fund Balance:
Additional Transfers - CIP Ladera (PY Surplus)-0.9 -0.9 -0.9 0.0
Additional Transfers - CIP Landslide (PY Surplus)-6.4 -6.4 -6.4 0.0
Additional Transfers - CIP Landslide (PY Surplus)-1.2 -1.2 -1.2 0.0
Transfers to Pension (PY Surplus)-0.4 -0.4 -0.4 0.0
TOTAL - ADDITIONAL TRANSFERS-OUT -8.9 -8.9 -8.9 0.0 0%
NET CHANGE IN FUND BALANCE -10.7 -8.4 -4.0 6.7 63%
DRAFT FUND BALANCE - 06/30/25 (NET OF ALL TRANSFERS)26.3 28.6 33.0 6.7 25%
RESERVE POLICY (CITY COUNCIL POLICY NO. 41)
50% Reserve Policy -16.8 -16.8 -16.8 0.0
PO Carryovers (approved projects but not completed)- - -1.2 -1.2 100%
Continuing Appropriations (approved projects but not completed)- - -0.4 -0.4 100%
Continuing Appropriations (LA County Grant Balance to CIP Fund)- - -0.6 -0.6 100%
TOTAL - RESERVE POLICY -16.8 -16.8 -18.9 2.1 13%
DRAFT Unallocated Fund Balance - 06/30/25 9.5 11.8 14.1 4.6 39%
Revised Budget
vs.
Year-End Draft
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Table 2. FY 2024-25 General Fund Revenues and Transfers-In – Revised Budget vs. Year-End
Draft
As shown above, year-end draft revenues totaled approximately $44.3 million before
transfers, exceeding the revised budget by about $1.8 million, or 4.3%. After
accounting for transfers-in, total draft revenues ended the year at roughly $44.5
million, an increase of approximately $1.7 million, or 4.1%, compared to the revised
budget. Key changes between the year-end estimates and the unaudited actuals are
discussed below:
Property Tax
Draft FY 2024-25 year-end property tax revenues totaled approximately $17.9 million,
exceeding the revised budget by approximately $367,000, or 2.1%. The overall
positive variance is driven primarily by Secured Property Taxes and Property Taxes –
In Lieu, which together finished about $282,000 above budgeted levels, reflecting
continued growth in the City's assessed valuation.
Property Transfer Taxes also finished above expectations by approximately $93,000,
or 23%, indicating stronger-than-anticipated transactional activity despite high interest
rates. Redevelopment Property Tax Trust Fund (RPTTF) revenues were the only
category below estimates, ending the year roughly $9,000 under projections,
consistent with typical fluctuations in County apportionments.
Overall, property tax revenues remain stable and continue to demonstrate long-term
growth supported by a healthy local property tax base.
Transient Occupancy Tax (TOT)
Revenue Sources
(in millions )
FY 2024-25
Revised
Budget
FY 2024-25
Year End
Estimates
FY 2024-25
Year End
DRAFT
Property Tax 17.5 17.6 17.9 0.4 2.1%
Transient Occupancy Tax 6.6 6.8 6.7 0.2 2.5%
Sales Tax 2.9 2.9 2.8 -0.03 -1.1%
Permits & Fees 4.1 4.1 4.2 0.1 3.1%
Franchise Tax 2.3 2.4 2.5 0.3 12.0%
Utility Users Tax 2.5 2.4 3.0 0.5 18.5%
Other Taxes & Misc. Revenues 6.6 6.8 7.0 0.5 6.8%
Subtotal 42.5 43.0 44.3 1.8 4.3%
Transfers In 0.3 0.3 0.2 -0.1 -32.0%
Total Revenues $42.8 $43.3 $44.5 $1.7 4.1%
Revised Budget
vs.
Year-End
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The City’s TOT revenue continues to be driven primarily by Terranea Resort, with a
smaller portion coming from miscellaneous hotels and permitted short-term rental
activity at Terranea (Casitas and Villas). For FY 2024-25, draft TOT revenues totaled
approximately $6.7 million, exceeding the revised budget by about $165,000, or 2.5%.
Terranea performed modestly better than projected, ending the year at $6.7 million in
TOT, an increase of approximately $240,000, above revised budget. This reflects
continued stability in resort occupancy and visitor activity. In contrast, miscellaneous
TOT sources finished significantly below expectations, declining by roughly $79,000.
These revenues tend to fluctuate from year-to-year and are more sensitive to changes
in short-term rental volume and smaller hotel business levels.
Overall, TOT revenues remain a strong and reliable component of the City’s revenue
base, with Terranea continuing to provide consistent performance despite variability
in other TOT sources.
Sales Tax
Sales tax revenues totaled approximately $2.75 million in FY 2024-25, ending the year
about $48,000 below the revised budget, or 1.7%. The slight decline reflects softer
taxable sales activity in the final quarter of the fiscal year, particularly within categories
sensitive to consumer spending trends. While core sales tax revenues were marginally
under projections, the Public Safety Augmentation Fund (PSAF) allocation also came
in below expectations, contributing to the overall negative variance.
Despite this modest shortfall, sales tax revenues remained generally stable throughout
the year, supported by steady retail and service-sector activity within the City. Staff
will continue to monitor economic indicators and statewide sales tax trends, as FY
2025-26 revenue growth is expected to remain moderate.
Permits and Fees
Revenues from permits and fees totaled $4.2 million at year-end, exceeding the
revised budget of $4.1 million by approximately $125,000, or 3.1%. This category
includes a range of development-related revenues such as building and safety
permits, plan check permits, geology permits, parking permits, and right-of-way
permits.
The positive variance is driven largely by stronger-than-expected activity in several
core areas. Building & Safety Permits exceeded budget by about $70,000, reflecting
continued residential construction and reinvestment across the City. Business License
Taxes also outperformed the budget by nearly $70,000, contributing significantly to
the overall gain. Right-of-way (ROW) activity was another key driver, with ROW
Miscellaneous Permits ending the year more than $37,000 above budget.
While some individual permit types came in slightly below projections, including film
permits, Strong Motion Instrumentation Program (SMIP) (State requirement for
seismic and geologic purposes), and minor administrative fees, these shortfalls were
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modest and were more than offset by higher activity in core development-related
categories.
Despite fluctuations across specific permit lines, permits and fees continue to reflect
steady underlying trends in construction and business activity within the City.
Revenues in this category typically vary year-to-year based on the timing and scale of
private development and right-of-way work.
Looking ahead, FY 2025-26 is expected to show improvement. Several actions
implemented for the upcoming fiscal year, including reinstating CPI adjustments to the
Master Fee Schedule, ongoing development activity, and updated cost-recovery
targets position this revenue category for a stronger performance. These changes help
align fees with the cost of service and support more consistent revenue generation
going forward.
Franchise Tax
Franchise Tax revenues totaled approximately $2.5 million at year-end, exceeding the
revised budget of $2.3 million by about $270,000, or 12%. This positive variance
reflects stronger-than-expected payments from the City’s major franchisees, including
Southern California Edison, SoCalGas, Athens Services, Frontier, Cox, and EDCO.
These revenues tend to remain stable from year to year because payments are based
on long-standing franchise agreements tied to utility usage and solid-waste collection
activity.
The year-end performance confirms that Franchise Taxes continue to be a reliable
revenue source for the City and provide steady long-term contributions to the General
Fund.
User Utility Tax (UUT)
Utility Users Tax revenues totaled approximately $3.0 million at year-end, exceeding
the revised budget of $2.6 million by about $472,000, or 18.5%. UUT revenues include
taxes collected on electricity, water, and gas usage.
The positive variance is driven primarily by stronger-than-expected revenues from
electricity and water, both of which significantly outperformed projections. Electricity
exceeded budget by roughly $198,000, reflecting higher consumption and rate
adjustments, while water finished about $274,000 above budget, driven by increased
usage and ongoing water cost impacts. Gas remained stable and finished nearly on
target for the year.
While UUT revenue is sensitive to external factors such as weather patterns, rate
adjustments, and household consumption behavior, the FY 2024-25 results indicate
resilient demand across all major utility types. UUT remains a dependable General
Fund revenue source and continues to show consistent growth relative to prior fiscal
years.
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Other Taxes and Miscellaneous Revenue
Other Taxes and Miscellaneous Revenues include more than 20 individual revenue
sources, with the largest contributors generally coming from Golf Taxes, Interest
Earnings, and Rentals and Leases. For FY 2024-25, revenues in this category totaled
approximately $7.0 million, exceeding the revised budget of $6.6 million by roughly
$452,000, or 6.9%.
The most significant positive variance came from Interest Earnings, which ended the
year approximately at $510,000 above estimates. This increase reflects continued
high interest rates and improved cash flow positioning throughout the fiscal year.
Rentals and Leases also outperformed expectations, finishing the year at about
$113,000 above the year-end estimate due to stable tenant activity and stronger lease
collections.
Golf Tax revenues remained steady at year-end finishing slightly above budget by
about $42,000, supported by consistent usage at local golf facilities. While several
smaller revenue sources within this category fluctuate year to year, the overall
performance demonstrates the strength and diversity of this revenue group. These
revenues continue to provide an important buffer for the General Fund, especially in
years where other major categories may experience slower growth.
General Fund Expenditures
Although total General Fund expenditures ended the year at $48.4 million, this figure
includes both operating costs and all approved transfers-out. When looking only at
operating expenditures, the City spent approximately $35.0 million, which is $5.4
million below the revised budget of $40.4 million, a decrease of 13.4%. This lower
spending level reflects staff vacancy savings, timing delays in several contracted
services, and adjustments to operational needs across multiple departments. Of the
underspent amount of $5.4 million, approximately $2.1 million (44%) in purchase
carryovers and continuing appropriations is being requested to continue funding
projects that were previously approved by the City Council but not completed by June
30, 2025. The remaining unspent budget of $3.3 million would potentially increase the
fund balance unless transferred at the Council’s direction during the budget workshop.
The difference between the $35.0 million in operating expenditures and the $48.4
million total is the result of several scheduled transfers that are part of the City
Council’s adopted financial direction primarily to manage the City’s emergency
declaration caused by the landslide. These transfers include the annual TOT transfers
to the CIP Fund, the prior-year allocations supporting landslide emergency and
mitigation work, the repayment to the CIP Ladera loan, and the General Fund
contribution to the Pension Trust. These are policy-driven and planned uses of the
General Fund rather than operating costs incurred during the fiscal year.
When these transfers are added to operating expenditures, total expenditures reach
$48.4 million, which is $5.0 million, or 9.4%, lower than the revised budget of $53.4
million. Clarifying the distinction between operating expenditures and transfers helps
illustrate that departmental spending remained below estimates, while the higher total
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expenditure figure reflects previously authorized financial commitments that support
capital needs, landslide response, and long-term pension sustainability.
Table 3 below summarizes the expenditures by category, revised budget, year-end
estimates, variances, and percentage of change in the General Fund. Table 4 is a
summary by Departments.
Table 3. FY 2024-25 General Fund Expenditures and Transfers-Out–Revised Budget vs. Year-End Draft
(by Category)
Continued on Next Page
FY 2024-25
Operating Expenditures & Transfers-Out
in millions
Revised
Budget
Year-End
Estimates
FY 2024-25
Year-End
DRAFT
Revised Budget vs.
Year-End
DRAFT
OPERATING EXPENDITURES
Personnel
Salaries/Benefits 14.4 13.7 13.4 (1.1) -7.4%
Non-Personnel
Sheriff Contract 8.2 7.9 8.2 (0.02) -0.2%
Legal Services 1.5 1.1 1.0 (0.4) -29.1%
Operation & Maintenance 16.2 15.7 12.4 (3.8) -23.7%
Capital Outlay 0.1 0.1 0.03 (0.1) -70.4%
TOTAL - Operating Expenditures 40.4 38.5 35.0 (5.4) -13.4%
TRANSFERS-OUT
Transfers-Out (Annual)
Transfers-Out to CIP (TOT) and Other Funds 4.2 4.3 4.5 0.3 7.3%
Transfers-Out (Additional)
Additional Transfers-Out CIP Fund 8.5 8.5 8.5 0.0 0.1%
Additional Transfers-Out Pension Fund (PY Surplus)0.4 0.4 0.4 0.0 3.9%
TOTAL - Transfers-Out 13.0 13.2 13.4 0.3 2.5%
Total Expenditures & Transfers-Out $53.4 $51.7 $48.4 ($5.0) -9.4%
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Table 4. FY 2024-25 General Fund Expenditures and Transfers-Out – Revised Budget vs. Year-End
(by Department)
Key changes between the revised budget and unaudited actuals are discussed in
further detail as follows:
Personnel Costs
Personnel costs, which consist of salaries and employee benefits, totaled $13.4 million
at the end of FY 2024-25. This amount is approximately $1.1 million below the revised
budget of $14.4 million, a decrease of 7.4%. Salaries ended the year at $10.1 million,
coming in about $767,000 (−7.0%) under projections. The savings reflect vacancy
periods across multiple departments, where recruitment timelines extended longer
than expected. Benefits totaled $3.3 million, finishing about $1,800 (−0.1%) below the
estimate and remaining almost exactly in line with projected levels.
Overall, personnel savings were driven by position vacancies and the timing of hires,
while benefit costs stayed stable throughout the year.
Non-Personnel Costs
Excluding salaries, benefits, and transfers, non-personnel operating costs (such as
the Sheriff’s contract, legal services, supplies, utilities, professional and technical
services, repairs and maintenance, training, and other operating expenses) totaled
approximately $21.6 million at year-end. This is about $4.4 million, or 16.9% below the
revised budget of $26.0 million. The variance is largely due to underspending in
professional and technical services, repairs and maintenance, supplies, and capital
outlay, as departments deferred or scaled back projects, focused staff time on
landslide emergency work, and continued to manage operating costs conservatively.
FY 2024-25
Expenditure Category
(in millions)
Revised
Budget
Year-End
Estimates
FY 2024-25
Year-End
DRAFT
Revised Budget vs.
Year-End
DRAFT
Administration 4.6 3.9 3.4 (1.1) -25.0%
Legal Services 1.5 1.3 1.0 (0.43) -29.1%
Sheriff's Contract 8.2 7.9 8.2 (0.02) -0.2%
Public Safety 0.8 0.6 0.5 (0.4) -43.2%
Finance 1.5 1.3 1.4 (0.2) -11.5%
Non-Departmental 5.0 4.7 4.2 (0.8) -16.8%
Public Works 8.9 8.6 7.5 (1.4) -15.8%
Community Development 4.7 4.4 3.8 (0.9) -20.0%
Recreation and Parks 4.7 4.5 4.3 (0.4) -9.1%
Landslide 0.5 1.2 0.8 0.3 60.5%
Subtotal 40.4 38.5 35.0 -5.4 -13.4%
Transfers-Out 13.0 13.2 13.4 0.4 3.2%
Total Expenditures $53.4 $51.7 $48.4 ($5.0) -9.4%
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The highlights of the major variances for non-personnel costs are as follows:
Public Safety
Public Safety expenditures include both the Sheriff’s Contract and several City-
funded Public Safety Division programs that support community outreach,
neighborhood security, and response services provided by non-sworn
personnel. The Sheriff’s Contract ended the year at approximately $8.2 million,
which is about $20,300 below the revised budget of $8.12 million, a variance of
0.2%. This variance is attributed to one motor unit that was off duty for
personnel reasons in July 2024, resulting in lower charges that month. The
motor unit returned to full duty in August 2024, at which point regular billing
resumed. Costs remained stable throughout the remainder of the fiscal year,
reflecting the predictable structure of the law enforcement agreement shared
with two other Peninsula cities. There were some fluctuations for LASD
Supplemental overtime costs for targeted enforcements, as those expenditures
are dependent on the availability of LASD deputies to take on these optional
assignments. Overall, fluctuations on LASD service-related costs were modest
and offset within the overall contract amount, resulting in actual spending that
closely tracked with the adopted service levels.
In addition to the core LASD contract, the City funds a range of public safety
programs, including School Resource Officer support at Peninsula schools, the
Neighborhood Public Safety Grant Program, the automated license plate
reader (ALPR) camera network, and Everbridge emergency notification
services, public outreach, and event safety and management. These activities,
along with the operational needs for the Public Safety Liaisons, appear across
various Sheriff Division line items such as professional and technical services,
supplies, equipment replacement, training, and fuel.
As shown in table on the next page, the combined spending on these public
safety programs totaled approximately $479,400 for the year and reflects the
continued development of the Public Safety Liaison Program, which began its
buildout in the third quarter of FY 2023-24 and is expected to reach full
implementation through the end of this fiscal year. This program is designed to
enhance responsiveness by assigning non-sworn Public Safety Liaisons to
expand safety patrols and address non-emergent calls for service,
supplementing sworn LASD resources and supporting community safety more
broadly.
The salaries and benefits category reflects the staffing assigned to this program
during the year, including a part-time Public Safety Manager (now full-time),
four Public Safety Liaisons through May, one Liaison who transitioned into a
part-time Field Training Officer role (post May), and a full-time Senior
Administrative Analyst position which in active recruitment. The variance
reflects the build-out of this Division, mainly due to vacancies and recruitment
periods, part-time staffing, and the timing of that transition.
13
In addition, labor costs for the Emergency Preparedness Coordinator/Senior
Administrative Analyst were coded to this Division during the year, which added
to the total. These costs have since been reassigned to the Emergency
Management program for FY 2025-26.
Public Safety Expenditures (New City Program) – Revised Budget vs. Year-End
Legal Services
Legal services ended the year at approximately $1.0 million, which is about
$429,300 below the revised budget of $1.5 million, a 29.1% decrease.
Although several legal cost areas remained active throughout the year, which
include general legal services, litigation, labor negotiations, code enforcement,
and Public Records Act requests, overall spending came in lower than
anticipated. Litigation and PRA costs were higher but offset by savings in other
service areas, resulting in total actuals ending below the estimate. In addition,
legal spending related to the landslide response was significantly lower than
anticipated. The City budgeted approximately $500,000 for landslide-related
legal costs but used only about $106,000, contributing to the overall underrun
in this category. However, as the landslide emergency and response efforts
continue, Staff anticipates the ongoing or potentially increased need for
landslide-related legal services in future years.
Professional and Technical Services
Professional and Technical Services ended the year at approximately $3.5
million, which is about $2.2 million below the revised budget of $5.8 million, a
decrease of 38.9%. This variance is driven by several projects and contracted
services that did not move forward before June 30, 2025. Major underspending
occurred in departments that had work scheduled or approved but not
completed, including planning efforts such as the Housing Element update and
multiple operational studies. In addition, several Sheriff-related technical
service items such as dispatch radio equipment and Public Safety vehicle
upfitting were budgeted within this category but ultimately remained unspent,
due to these items unavailable until this fiscal year. Of the $3.5 million in actual
spending, approximately $696,000 has been requested as PO carryovers and
$163,000 in continuing appropriations, for a combined total of about $859,000,
or 24.5% of the unaudited year-end actuals to continue previously approved
Public Safety Program FY 2024-25
Revised Budget
Year-End
Draft
Salaries and Benefits (Public Safety)242,300 118,636 -123,664 -51%
Salaries and Benefts (Emergency Preparedness)120,000 118,674 -1,326 -1%
SRO Progarm 100,000 69,926 -30,074 -30%
Grants 45,000 16,941 -28,059 -62%
LASD Supplemental 70,000 39,008 -30,992 -44%
Other - Operation & Maintenance 137,600 116,216 -21,384 -16%
TOTAL $714,900 $479,401 -$235,499 -33%
Revised Budget
vs. Year-End Draft
14
projects into FY 2025-26. Together, these delays and cost savings led to a
significantly lower actual year-end total.
Repairs and Maintenance
Repairs ended the fiscal year at approximately $2.8 million, which is about
$753,000 below the revised budget of $3.6 million, a decrease of 20.9%. This
category includes ongoing repairs and maintenance across City facilities,
parks, landscaping, and infrastructure.
The variance reflects several planned repair projects that did not move forward
by year-end due to scheduling delays, contractor availability, and competing
operational priorities. Some on-call repair budgets were not fully used, and a
portion of routine maintenance work shifted into the next fiscal year. These
savings do not include landslide-related repairs, which were charged to the CIP
Fund. A total of approximately $405,000 in purchase order carryovers and
$65,350 in continuing appropriations, totaling about $470,000 (16.8%), has
been requested to complete deferred repair work in FY 2025–26. Several open
purchase orders will be carried into FY 2025-26 to complete the deferred work.
Supplies, Training, and Conference
Supplies ended the year at approximately $626,000, which is about $105,000
below the revised budget of $731,000, a decrease of 14.4%. The savings are
primarily due to lower-than-anticipated spending on operating materials and
supplies, fuel, and inventory across multiple divisions, with some of the
remaining balance tied to open purchase orders that will be requested for
carryover into FY 2025-26 to complete planned purchases.
Training and conference expenditures totaled approximately $250,000, which
is about $82,000 below the revised budget of $332,200, a decrease of 24.7%.
This variance reflects reduced participation in trainings and conferences due to
competing priorities, the deferral of certain professional development activities
to the next fiscal year, and the continued use of virtual or low-cost training
options where feasible.
Miscellaneous – General Liabilities Premium, Equipment Replacement
Charges
This category includes the City’s general liability insurance premium,
equipment replacement charges to the departments (for future vehicle and
equipment needs), and other miscellaneous expenses such as dues, grant
disbursements, and program costs. At the end of FY 2024-25, equipment
replacement charges were fully transferred as planned, totaling $201,100,
consistent with the year-end estimate. General liability insurance premiums
ended the year at approximately $751,000, which is about $139,000, or 22.7%,
higher than the year-end estimate of $612,000, reflecting increased insurance
costs.
Capital
15
Capital outlay ended the fiscal year at approximately $33,000, which is about
$67,000 lower than the year-end estimate of $101,000, a decrease of 66.8%.
The variance is mainly due to several planned purchases that did not move
forward before year-end, including equipment and vehicle replacements
scheduled in multiple City Departments. Actual spending consisted primarily of
equipment purchases in the Information Technology division and a minor
landslide-related expenditure in non-departmental. No vehicle purchases
occurred, and several equipment items listed in the year-end estimate
remained unspent. Items with active purchase orders or ongoing procurement
needs will be requested as carryovers into the next fiscal year (2025-26) to
ensure completion of the planned replacements.
Transfers-Out
Transfers-out ended the year at approximately $13.4 million, which is about $340,000
above the revised budget of $13.0 million, an increase of 2.6%. Most of the major
interfund transfers, including Subregion 1 Maintenance, Abalone Cove Sewer,
Portuguese Bend, and Employee Pension Fund contributions, ended exactly as
projected.
The variance is mainly driven by the CIP transfer, which ended the year at
approximately $12.6 million, about $274,000 above the revised budget of $12.3
million, reflecting the final accounting of revenues dedicated to infrastructure. All other
transfers, including the $250,000 transfer to the Habitat Restoration Fund, closed the
year in line with the revised budget.
Overall, the increase in this category is primarily timing-related and reflects final year-
end reconciliations associated with the Infrastructure Transfer, rather than ongoing
operational changes.
Capital Infrastructure Program (CIP) Fund, Special Revenue Funds, Other Funds
CIP Fund
The CIP Fund is primarily funded through Transfers-In from the General Fund, making
it unlikely that revenues from grants or interest earnings alone would cover its
expenditures. Unlike the General Fund, the CIP Fund relies only from transfers,
grants, interest earnings, and prior year reserves to maintain balance. Historically, the
CIP Fund has used its reserves and fund balance to continue funding and improving
the City’s capital maintenance and improvement program.
Key highlights of the Revenues, Expenditures, and Transfers are as follows:
• Revenues from LA County grant and interest earnings ended the year
at $3.5 million, exceeding projections by $0.7 or 20%.
16
• Capital and maintenance expenditures ended the year at $28.9 million,
approximately $5.8 million, or 17% below the revised budget of $34.8
million (Table 5).
o $23.1 million (80%) of these expenditures were related to the
Portuguese Bend Landslide Complex. This amount is
approximately $2.5 million lower or 9% than revised budget.
Majority of this amount is being requested to carry over into FY
2025-26 for completion.
o Approximately $3.5 million was issued to the two Geologic
Hazard Abatement Districts (GHADs) to help support their
landslide stabilization efforts. In accordance with governmental
accounting standards, KCLAD and ACLAD loans are recorded as
loan issued (not an expenditure), with corresponding receivables
recognized and scheduled for collection over the next 10 years.
o The remaining $2.2 million supported a combination of facilities
asset management programs, loan payment for the Ladera Linda,
building, sidewalk management programs, storm drain
improvements, traffic calming measures, and beautification
projects.
• Transfers-In from the General Fund totaled $12.7 million, consisting of $6.3 million
from the adopted budget and an additional $6.4 million approved by the City
Council in October 2024, utilizing prior years’ reserves for the Portuguese Bend
Landslide Complex.
• Fund Balance is estimated at $16.8 million. After applying the 50% City Council
Reserve Policy No. 41 and including carryovers, the estimated restricted fund
balance for capital maintenance and improvements is $9.5 million, an increase of
$3.6 million or 62% above the revised budget.
Table 5 on the next page summarizes capital projects for both maintenance and
improvements, showing the revised budget compared to actual expenditures.
Continued on Next Page
17
Table 5. FY 2023-24 CIP Fund Expenditures – Revised Budget vs. Year-End Draft
*In accordance with governmental accounting standards, KCLAD and ACLAD loans are
recorded as loans issued (instead of one year expense), with corresponding receivables
recognized and scheduled for collection over the next 10 years. *
Continued on Next Page
CIP Fund - Capital Maintenance,
Improvement, Other
(in millions)
FY 2024-2025
Revised Budget
FY 2024-2025
Year-End Draft
PBL EMERGENCY HYDRAUGERS 18,349,022 16,480,355 -1,868,667 -10%
LOCAL EMERGENCY - LANDSLIDE 6,860,770 6,584,959 -275,811 -4%
KCLAD AND ACLAD LOANS 3,527,500 3,527,500 0 0%
PVDS RESURFACE (LANDSLIDE)449,286 88,437 -360,850 -80%
PB LANDSLIDE AREA STRATEGIC 518,120 213,690 -304,429 -59%
ABALONE COVE SEWER REHAB 360,000 0 -360,000 -100%
LADERA LINDA COMMUNITY CNTR 115,485 63,216 -52,269 -45%
LADERA LINDA LOAN PAYMENT 889,500 889,500 0 0%
FACILITIES ASSET MGMT PROGRAM 825,000 419,823 -405,177 -49%
STORMDRAIN OUTLET @ PEACOCK R 301,382 246,154 -55,228 -18%
TRAFFIC CALMING - CITYWIDE 394,667 137,807 -256,859 -65%
SIDEWALK MGMT PROGRAM 75,000 52,879 -22,121 -29%
ROADWAY ASSET MGMT PRGRAM-PVDE 235,000 46,032 -188,968 -80%
STORMDRAIN OUTLET @ OCEAN CRST 85,000 39,714 -45,286 -53%
PUBLIC WORKS ADMINISTRATION 227,900 35,752 -192,148 -84%
TRAFFIC/TRANSPORT IMPROVE 100,000 30,507 -69,493 -69%
WILDLIFE CORRIDOR ENCR REMOVAL 540,000 18,641 -521,359 -97%
LIFT STATION IMPR AT LOWER PV 40,000 16,707 -23,293 -58%
ROADWAY ASSET MGMT-MONTEMALAGA 40,000 11,713 -28,287 -71%
WESTERN BEAUTIFICATION 135,363 10,848 -124,515 -92%
STORM DRAIN LINING PROGRAM 485,000 8,049 -476,952 -98%
PVIC RESTROOMS IMPROVEMENTS 381 381 0 0%
CIVIC CENTER 200,000 -200,000 -100%
TOTAL CIP FUND 34,754,375 28,922,664 -5,831,711 -17%
Revised Budget
vs.
Year-End Draft
18
Table 6 below is the draft fund balance reconciliation showing Revenues, Expenditures,
and Transfers:
Table 6 – FY 2024-25 CIP Fund Balance Reconciliation
CIP Fund (in millions)
FY 2024-25
Revised
Budget
FY 2024-25
Year-End
Estimates
FY 2024-25
Year-End
DRAFT
BEGINNING BALANCE 29.6 29.6 29.6 0.0
REVENUES AND CAPITAL MAINTENANCE AND
IMPROVEMENTS
Interest Earnings 0.6 1.2 1.3 0.7 117%
Grant Revenue - LA County 2.2 2.2 2.2 0.0
Capital Expenditures -4.2 -4.2 -1.3 -2.9 -69%
Capital Expenditures - Landslide (inc. PY carryover)-25.2 -25.2 -23.2 -2.0 -8%
Ladera Loan Payment -0.9 -0.9 -0.9 0.0 -1%
TOTAL DEFICIT OF REVENUES UNDER EXPENDITURES -27.5 -26.9 -21.8 5.7 -21%
LOANS TO ACLAD AND KCLAD
Loans -3.6 -3.6 -3.6 0.0
TOTAL - LOANS -3.6 -3.6 -3.6 0.0 0%
TRANSFERS (ANNUAL)
Transfers-In from General Fund 3.9 3.9 4.1 0.3 7%
TOTAL - TRANSFERS 3.9 3.9 4.1 0.3 7%
DRAFT FUND BALANCE - 06/30/25 (BEFORE
ADDITIONAL TRANSFERS-IN)2.4 3.0 8.3 5.9 250%
ADDITIONAL TRANSFERS FROM GENERAL FUND (CITY
COUNCIL POLICY NO. 41)
City Council Restricted Fund Balance:
Additional Transfers - CIP Ladera (PY Surplus)0.9 0.9 0.9 0.0
Additional Transfers - CIP Landslide (PY Surplus)6.4 6.4 6.4 0.0
Additional Transfers - CIP Landslide (PY Surplus)1.2 1.2 1.2 0.0
TOTAL - ADDITIONAL TRANSFERS-IN 8.5 8.5 8.5 0.0
NET CHANGE IN FUND BALANCE -18.7 -18.1 -12.8 5.9 32%
DRAFT FUND BALANCE - 06/30/25 (NET OF ALL
TRANSFERS)10.9 11.5 16.8 5.9 55%
RESERVE POLICY (CITY COUNCIL POLICY NO. 41)
Reserve Policy -5.0 -5.0 -5.0 0.0
PO Carryovers (approved projects but not completed
by June 30, 2025)- - -0.7 -0.7 100%
Continuing Appropriations (approved projects but
not completed by June 30, 2025)- - -2.2 -2.2 100%
Continuing Appropriations (LA County Grant Balance
to CIP Fund)- 0.0 0.6 0.6 100%
TOTAL - RESERVE POLICY -5.0 -5.0 -7.3 2.3 46%
DRAFT Restricted Fund Balance - 06/30/25 5.9 6.5 9.5 3.6 62%
Revised Budget
vs.
Year-End Draft
19
Special Revenue Funds and Other Funds
Other funds include 29 Special Revenue Funds and Permanent Funds such as Gas
Tax, the American Rescue Plan Act (ARPA), Employee Pension Fund, Proposition A
and C, Measure R, Measure M, Measure W, Other Grants, and Improvement
Authority. These funds are used to account for taxes and other grant revenues set
aside in accordance with law or administrative regulation for a specific purpose set by
the agencies that are providing the sources.
At year-end, draft expenditures for these funds total approximately $10.9 million (Table
7), which is $14.9 million, or 58%, below the revised budget. This significant variance
is primarily due to the nature of these funds, which support capital projects that are
multi-year projects. Many of these projects did not progress as planned in FY 2024–
25 due to competing capital priorities, including the landslide emergency response and
related mitigation efforts.
These funds are restricted and designated for specific purposes, including street
repairs and maintenance, transit services, lighting, and open space and parks, in
accordance with local, state, and federal requirements.
Table 7 – FY 2024-25 Other Funds – Revised Budget vs. Year-end Draft
Other Funds - Capital
Maintenance, Improvement,
Other
(in millions)
FY 2024-2025
Revised Budget
FY 2024-
2025 Year-
End Draft
Revised Budget
vs.
Year-End Draft
1911 ACT STREET LIGHTING 2.02 0.71 -1.31 -65%
ABALONE COVE SEWER DISTRICT 0.17 0.07 -0.10 -59%
ARPA 3.40 3.12 -0.29 -8%
BICYCLE/PEDESTRIAN ACCESS 0.15 0.04 -0.12 -77%
CDBG 0.17 0.01 -0.15 -92%
EMPLOYEE PENSION PLAN 0.40 0.35 -0.04 -10%
EQUIPMENT REPLACEMENT 1.23 0.18 -1.06 -86%
FEDERAL GRANTS 3.70 0.07 -3.63 -98%
GAS TAX 2.07 0.90 -1.17 -56%
GAS TAX-SB1 0.76 0.65 -0.11 -15%
HABITAT RESTORATION 0.18 0.19 0.01 7%
IA ABALONE COVE MAINTENANCE 0.02 0.00 -0.02 -91%
IA PORTUGUESE BEND
MAINTENANCE 0.05 0.00 -0.05 -97%
MEASURE A MAINTENANCE 0.08 0.00 -0.08 -100%
MEASURE M 2.23 0.99 -1.24 -55%
MEASURE R 3.73 0.53 -3.20 -86%
MEASURE W 1.14 0.35 -0.79 -69%
PROPOSITION A 0.91 0.91 0.00 0%
PROPOSITION C 1.40 1.07 -0.33 -23%
PUBLIC SAFETY GRANTS 0.17 0.17 0.00 0%
20
QUIMBY PARK DEVELOPMENT 0.23 0.00 -0.23 -100%
STATE GRANTS 1.31 0.33 -0.98 -75%
SUBREGION ONE MAINTENANCE 0.05 0.09 0.04 75%
WASTE REDUCTION 0.32 0.23 -0.08 -26%
Grand Total $25.9 $11.0 -$14.9 -58%
As part of the City’s year-end closing process, Staff seeks the City Council’s acceptance
of the FY 2024-25 Draft Year-End Financial Report. Once the audit is completed in the
next few months, Staff will present the City’s Annual Comprehensive Financial Report
(ACFR) to the City Council.
2. Purchase Order Carryover
As part of the year-end process, Staff has completed reviewing purchases that were
encumbered in FY 2024-25 but not finished or delivered by June 30, 2025. The total
Purchase Order carryover is approximately $4.5 million. Of this amount, approximately
$2.0 million or 44% is related to capital projects and $1.2 million or 27% is a combination
of professional and technical, and repairs and maintenance in the General Fund.
The main capital projects that were encumbered in FY 2024-25 and continue into FY
2024-25 are Hawthorne Boulevard at Eddinghill/Seamont Left Turn Signal, Western
Avenue Traffic Flow Improvements, Facilities Maintenance Program, and Roadway
Maintenance Program – Palos Verdes Drive South and West. Additionally, other ongoing
encumbered projects include fuel modification, the Housing Element (implementing
programs), facilities asset management, and various street and rehabilitation projects.
Table 8 is the summary of the open purchase orders grouped by fund. Additional details
for the purchase order requests are presented in Attachment A.
Table 8 – FY 2024-25 Purchase Order Summary (by Fund)
Fund No.Fund Name PO
Balance
101 General Fund 1,188,698
204 Gas Tax-SB1 4,845
211 1911 Act Street Lighting 703,277
215 Proposition C 145,720
220 Measure R 86,704
221 Measure M 359,123
225 Abalone Cove Sewer District 31,595
330 CIP 691,871
331 Federal Grants 2,900
332 State Grants 775,766
343 Measure W 336
681 Equipment Replacement 474,750
Grand Total $4,465,585
21
To meet budgetary requirements for the projects that were previously encumbered but
not completed by year-end, Staff seeks the City Council’s approval to carry over the
purchase orders of approximately $4.5 million into FY 2025-26 (Attachment A). The
carryover amount has no fiscal impact as it decreases the FY 2024-25 budget and
increases the FY 2025-26 budget by the same amount.
3. Continuing Appropriations
The FY 2024-25 Continuing Appropriation requests process involves a comprehensive
review of expenditure accounts with balances across all funds, with an emphasis on the
CIP Fund and Special Revenue Funds. In accordance with governmental accounting
standards, the City Council must approve appropriations in FY 2025-26 for projects and
programs that were approved in FY 2024-25 but not encumbered by the end of the fiscal
year. The majority of the continuing appropriations are typically capital projects that are
included in the Five-Year Capital Improvement Program and approved to continue in FY
2025-26.
At the end of FY 2024-25, the total for continuing appropriation requests amounts to $4.5
million. Notable projects included in this amount are mainly landslide and street
rehabilitation related.
Table 9 below is a summary of the continuing appropriations by fund. Additional details
for the carryover appropriations requests are presented in Attachment B.
Table 9 – FY 2024-25 Continuing Appropriation Requests (by Fund)
Staff seeks the City Council’s approval of the Continuing Appropriation Requests of
approximately $4.5 million. The carryover amount has no fiscal impact as it decreases
the FY 2024-25 budget balance and increases the FY 2025-26 budget by the same
amount.
Fund No. Fund Name
Continuing
Appropriation
Requests
101 General Fund 958,850
204 Gas Tax-SB1 460,000
211 1911 Act Street Lighting 171,867
217 Public Safety Grant 70,000
222 Habitat Restoration 4,800
310 CDBG 150,000
330 CIP 2,209,708
332 State Grants 92,500
334 Quimby Park Development 226,323
340 Bicycle/Ped Access 115,000
343 Measure W 60,000
681 Equipment Replacement 32,500
Grand Total $ 4,551,548
22
CONCLUSION:
The FY 2024-25 Draft Year-End Financial Report reflects another solid fiscal year for the
General Fund, allowing the City to fund landslide emergency response efforts through
strategic transfers from prior-year reserves. Operational revenues totaled $44.3 million,
exceeding expenditures of approximately $35 million by over $9.2 million. However, after
accounting for the annual transfers and additional transfers from prior-year reserves of
$13.4 million to the CIP fund and Other Funds, the General Fund ended the year with a
net decrease of $4 million in fund balance.
When comparing draft year-end to the revised budget, the General Fund revenues
exceeded the revised budget by approximately $1.8 million, while operating expenditures
finished $5.4 million below the revised budget. After accounting for City Council approved
transfers, year-end designations, and updated carryover amounts, the General Fund’s
unallocated fund balance is projected at approximately $14.1 million, an increase of $4.6
million over the revised budget.
As part of the year-end process, Staff is requesting approval of $4.5 million in Purchase
Order Carryovers and $4.5 million in Continuing Appropriations from FY 2024-25 to FY
2025-26. These adjustments allow previously authorized projects, contractual work, and
operational commitments to continue into the new fiscal year without interruption.
Because these actions simply shift budgeted amounts between fiscal years, they result
in no net fiscal impact to the City.
The Capital Infrastructure Program (CIP) Fund ended the fiscal year with a draft balance
of approximately $16.8 million, a net decrease of $12.8 million from the $29.6 million of
starting balance. This sharp decline reflects the planned use of prior-year reserves to
support landslide stabilization and other major capital maintenance activities during FY
2024-25. After applying City Council policy reserves, continuing appropriation, and
purchase order carryover, the restricted fund balance is $9.5 million.
Other City funds, including Special Revenue Funds, and Other Funds, concluded the
fiscal year with approximately $11.0 million in expenditures. Compared to the revised
budget of $25.9 million, this amount is $14.9 million or 58% lower than anticipated
primarily due to the multi-year nature of capital projects and delays resulting from the
landslide emergency response and shifting capital priorities.
Following the completion of the external audit by CliftonLarsonAllen LLP, staff will present
the final audited results and the Annual Comprehensive Financial Report (ACFR) to the
Finance Advisory Committee and the City Council.
Staff recommend that the City Council receive and file the FY 2024-25 Draft Year-End
Financial Report and approve the associated budget actions.
23
ALTERNATIVES:
In addition to the Staff recommendation, the following alternative actions are available for
the City Council’s consideration:
1. Do not approve the Purchase Order Carryover Schedule for previously approved
projects in the amount of $4,465,585 and direct Staff to return at a future meeting
to discuss the next steps for canceled projects;
2. Do not approve the Continuing Appropriations for previously approved projects of
$4,528,548 direct Staff to return at a future meeting to discuss the next steps for
canceled projects; and/or
3. Take other action, as deemed appropriate.
24
ATTACHMENT A
CITY OF RANCHO PALOS VERDES
FY 2024-25 PO CARRYOVER
ACCOUNT NUMBER FUND FUND DESC NUMB PROGRAM
VENDOR
NUMBER VENDOR NAME PO NUMBER PO CARRYOVER DESCRIPTION
101-400-1410-5101 101 GENERAL FUND 1410 CITY MANAGER 3870 KILEY, GREGORY THOMAS 20250363 36,000.00 FY24-25 FEDERAL LEGISLATIVE SE
101-400-1430-5101 101 GENERAL FUND 1430
EMERGENCY
PREPAREDNESS 1403 DELL MARKETING L.P. 20250391 7,658.91 FY24-25 SIX EOC LAPTOPS
101-400-1440-5101 101 GENERAL FUND 1440 RPV TV 3034 WESTERN A/V 20250390 6,306.04 FY24-25 HESSE PARK A/V EVALUAT
101-400-1470-5101 101 GENERAL FUND 1470
INFORMATION
TECHNOLOGY - DATA 6 RAMUNDSEN SUPERIOR HOLDINGS, LLC. 20220250 2,001.00 FY21-22 TRAKIT ASSESSMENT
101-400-1470-5101 101 GENERAL FUND 1470
INFORMATION
TECHNOLOGY - DATA 865 WRIGHT, BRANDON 20250111 4,775.00 FY24-25 CITYWORKS SUPPORT AND
101-400-1470-5101 101 GENERAL FUND 1470
INFORMATION
TECHNOLOGY - DATA 1478 FORTECH, LLC 20240354 8,582.50 FY 23-24 NETWORK UPGRADE PROJE
101-400-1470-5101 101 GENERAL FUND 1470
INFORMATION
TECHNOLOGY - DATA 2525 SECURITYMETRICS, INC 20220291 3,440.00 FY21-22 VALIDATED PCI SAQ ASSE
101-400-1470-5201 101 GENERAL FUND 1470
INFORMATION
TECHNOLOGY - DATA 2161 DOCUSIGN, INC. 20250376 5,060.00 FY24-25 DOCUSIGN RENEWAL
101-400-1470-5201 101 GENERAL FUND 1470
INFORMATION
TECHNOLOGY - DATA 2850 GRANICUS, INC. 20250001 3,549.22 FY24-25 ANNUAL GRANICUS SUBSCR
101-400-2999-5101 101 GENERAL FUND 2999 NON-DEPARTMENTAL 635 TRIPEPI SMITH & ASSOCIATES, INC. 20250146 35,000.00 FY24-25 STRATEGIC COMMUNICATIO
101-400-2999-5101 101 GENERAL FUND 2999 NON-DEPARTMENTAL 1944 BLAIS & ASSOCIATES, INC. 20250149 5,452.00 FY24-25 GRANT RESEARCH & SUPPO
101-400-3110-5101 101 GENERAL FUND 3110
PUBLIC WORKS
ADMINISTRATION 456 HARRIS & ASSOCIATES 20250348 3,000.00 FY24-25 LLMD - PREPARATION OF
101-400-3110-5101 101 GENERAL FUND 3110
PUBLIC WORKS
ADMINISTRATION 641 LABELLE-MARVIN INCORPORATED 20250364 4,833.50 FY24-25 VISUAL PAVEMENT CONDIT
101-400-3110-5101 101 GENERAL FUND 3110
PUBLIC WORKS
ADMINISTRATION 1074 NV5, INC. 20250377 1,096.00 FY24-25 STANDARD DETAIL FOR DO
101-400-3110-5101 101 GENERAL FUND 3110
PUBLIC WORKS
ADMINISTRATION 1123 MULTI W. SYSTEMS, INC. 20250389 54,617.41 FY24-25 PVIC SANITARY IMPROVEM
101-400-3110-5101 101 GENERAL FUND 3110
PUBLIC WORKS
ADMINISTRATION 1944 BLAIS & ASSOCIATES, INC. 20250396 14,355.00 FY24-25 CA NATURAL RESOURCES E
101-400-3110-5101 101 GENERAL FUND 3110
PUBLIC WORKS
ADMINISTRATION 2535 TRANSTECH ENGINEERS, INC. 20250174 7,270.60 FY24-25 PM WESTERN AVE TRAFFIC
101-400-3110-5101 101 GENERAL FUND 3110
PUBLIC WORKS
ADMINISTRATION 2535 TRANSTECH ENGINEERS, INC. 20250384 2,873.00 FY24-25 SCE BOX LOOP CIRCUIT C
101-400-3110-5101 101 GENERAL FUND 3110
PUBLIC WORKS
ADMINISTRATION 2663 SUNBEAM SOLAR 20250078 1,064.00 FY24-25 INSPECTION: PERMITS, R
101-400-3110-5101 101 GENERAL FUND 3110
PUBLIC WORKS
ADMINISTRATION 2663 SUNBEAM SOLAR 20250133 10,000.00 FY24-25 BLUFF FENCE REPLACEMEN
101-400-3110-5101 101 GENERAL FUND 3110
PUBLIC WORKS
ADMINISTRATION 2963 BUILT RITE FENCE COMPANY 20250374 6,284.00 FY24-25 BLUFF TRAIL FENCE REPA
101-400-3110-5101 101 GENERAL FUND 3110
PUBLIC WORKS
ADMINISTRATION 3869 NBS GOVERNMENT FINANCE GROUP 20250373 7,100.00 FY24-25 LLMD ADMINISTRATION FO
330-400-8509-8006 330
CAPITAL
INFRASTRUCTURES
PROJEC
8509 FACILITIES MAINTENANCE
PROGRAM 2792 Z&K CONSULTANTS, INC 20250306 16,294.50 FY24-25 HESSE PARK ROOF REP.
101-400-3150-8802 101 GENERAL FUND 3150
TRAILS & OPEN SPACE
MAINT 2963 BUILT RITE FENCE COMPANY 20250374 62,840.00 FY24-25 BLUFF TRAIL FENCE REPA
101-400-3180-5202 101 GENERAL FUND 3180
STREET LANDSCAPE
MAINTENANCE 2279 WESTON INDUSTRIES INC. 20250361 24,250.00 FY24-25 MIRALESTE ENTRY SIGN
101-400-3230-5201 101 GENERAL FUND 3230 FUEL MODIFICATION 2142 FIRE GRAZERS, INC. 20250338 304,504.26 FY24-25 FUEL MOD - GOAT GRAZIN
101-400-3230-5201 101 GENERAL FUND 3230 FUEL MODIFICATION 3269 STAY GREEN INC. 20250040 91,699.64 FY24-25 FUEL MOD - HAND TRIMMI
101-400-4120-5101 101 GENERAL FUND 4120 PLANNING 19 E.S.A. 20240121 10,469.81 FY23-24 HOUSING ELEMENT UPDATE
101-400-4120-5101 101 GENERAL FUND 4120 PLANNING 501 DUDEK 20240262 160,930.91 FY23-24 HOUSING ELEMENT PO. TO
101-400-4120-5101 101 GENERAL FUND 4120 PLANNING 3028 MICHAEL BAKER INTERNATIONAL, INC. 20250283 46,784.00 FY24-25 PLANNING SERV(AMEND3 T
101-400-4120-5101 101 GENERAL FUND 4120 PLANNING 3895 BLACK & VEACH CORPORATION 20250386 165,402.00 FY24-25 SAFETY ELEMENT UPDATE
101-400-4140-5101 101 GENERAL FUND 4140 CODE ENFORCEMENT 1274 OCEAN BLUE ENVIRONMENTAL SERVICES, INC. 20250208 85,272.44 FY24-25 CODE ENFORCEMENT ABATE
101-400-4150-5101 101 GENERAL FUND 4150 VIEW RESTORATION 2630 ARBORGATE CONSULTING, INC. 20250284 5,000.00 FY24-25 ARBORIST FOR VIEW CASE
A-1
ATTACHMENT A
CITY OF RANCHO PALOS VERDES
FY 2024-25 PO CARRYOVER
ACCOUNT NUMBER FUND FUND DESC NUMB PROGRAM
VENDOR
NUMBER VENDOR NAME PO NUMBER PO CARRYOVER DESCRIPTION
101-400-5123-4310 101 GENERAL FUND 5123 PRESERVE PARK RANGERS 3840 ADORAMA, INC. 20250352 1,226.73 FY24-25 DRONE & MISC EQUIPMENT
204-400-8844-8001 204 GAS TAX-SB1 8844
ROADWAY MAINT PRGM-
TRIENNIAL U 2592 BUCKNAM, PETER JOSEPH 20250192 4,844.50 FY24-25 PAVEMENT MANAGEMENT PR
211-400-0000-5201 211
1911 ACT STREET
LIGHTING 0 UNASSIGNED 2484 SIEMENS MOBILITY, INC. 20250029 3,466.79 FY24-25 TRAFFIC SIGNAL REPAIR
211-400-8837-8001 211
1911 ACT STREET
LIGHTING 8837 TRAFFIC SIGNAL PVD S &
PVD E 2535 TRANSTECH ENGINEERS, INC. 20250167 47,256.60 FY24-25 PM PVDS/PVDE TS POLES
211-400-8857-8001 211
1911 ACT STREET
LIGHTING 8857 HAWTHORNE
@EDDINGHILL LT SIGNAL 2535 TRANSTECH ENGINEERS, INC. 20250168 14,726.80 FY24-25 PM DESIGN HAWTHORNE &
211-400-8857-8001 211
1911 ACT STREET
LIGHTING 8857 HAWTHORNE
@EDDINGHILL LT SIGNAL 2663 SUNBEAM SOLAR 20250340 26,124.00 FY24-25 CM AND CI HAWTHORNE/ED
211-400-8857-8006 211
1911 ACT STREET
LIGHTING 8857 HAWTHORNE
@EDDINGHILL LT SIGNAL 2663 SUNBEAM SOLAR 20250340 41,005.00 FY24-25 CM AND CI HAWTHORNE/ED
211-400-8857-8802 211
1911 ACT STREET
LIGHTING 8857 HAWTHORNE
@EDDINGHILL LT SIGNAL 3834 ALFARO COMMUNICATIONS CONSTRUCTION, INC 20250351 570,698.00 FY24-25 HAWTHORNE AND EDDINGHI
215-400-8809-8005 215 PROPOSITION C 8809
WESTERN AVE. TRAFFIC
CONGEST 362 STATE OF CA, DEPT OF TRANSPORTATION 20220184 25,000.00 FY21-22 WESTERN AVE RIGHT-TURN
215-400-8809-8804 215 PROPOSITION C 8809
WESTERN AVE. TRAFFIC
CONGEST 362 STATE OF CA, DEPT OF TRANSPORTATION 20220184 105,000.00 FY21-22 WESTERN AVE RIGHT-TURN
215-400-8828-8005 215 PROPOSITION C 8828
INTERSEC IMPR PVD
SOUTH 3791 KIMLEY-HORN AND ASSOCIATES, INC. 20250323 15,720.00 FY24-25 ROUNDABOUTS FEASIBILIT
220-400-3120-5101 220 MEASURE R 3120 TRAFFIC MANAGEMENT 2137 GENERAL TECHNOLOGIES AND SOLUTIONS (GTS) LLC 20250082 5,066.79 FY24-25 TRAFFIC ENGINEERING CO
220-400-8304-8001 220 MEASURE R 8304
PB LANDSLIDE AREA
STRATEGIC 1851 CHAMBERS GROUP INC. 20200268 81,637.51 FY19-20 EIR PB LANDSLIDE MITIG
221-400-8809-8001 221 MEASURE M 8809
WESTERN AVE. TRAFFIC
CONGEST 2535 TRANSTECH ENGINEERS, INC. 20240346 91,129.75 FY 23-24 STAGE 3 DESIGN PHASE
221-400-8809-8005 221 MEASURE M 8809
WESTERN AVE. TRAFFIC
CONGEST 2565 ITERIS, INC. 20250263 267,993.20 FY24-25 WESTERN AVE FINAL ENG
225-400-0000-5101 225
ABALONE COVE
SEWER DISTRICT 0 UNASSIGNED 456 HARRIS & ASSOCIATES 20250369 3,750.00 FY24-25 ABALONE COVE ANNUAL SE
225-400-0000-5201 225
ABALONE COVE
SEWER DISTRICT 0 UNASSIGNED 1274 OCEAN BLUE ENVIRONMENTAL SERVICES, INC. 20250080 27,845.22 FY24-25 EMERGENCY SPILL RESPON
330-400-8302-8001 330
CAPITAL
INFRASTRUCTURES
PROJEC
8302 PORTUGUESE BEND
RESURFACE 2534 FEHR & PEERS 20250062 591.50 FY24-25 PVDS ADDITIONAL ENG SE
330-400-8427-8005 330
CAPITAL
INFRASTRUCTURES
PROJEC
8427 WILDFIRE CORRID
ENCROACH REM 3200 BKF ENGINEERS 20250159 12,159.00 FY24-25 WILDFIRE CORRIDOR DESI
330-400-8509-8001 330
CAPITAL
INFRASTRUCTURES
PROJEC
8509 FACILITIES MAINTENANCE
PROGRAM 2792 Z&K CONSULTANTS, INC 20250306 19,620.50 FY24-25 HESSE PARK ROOF REP.
330-400-8509-8802 330
CAPITAL
INFRASTRUCTURES
PROJEC
8509 FACILITIES MAINTENANCE
PROGRAM 3789 CHAPMAN COAST ROOF CO, INC. 20250322 249,683.68 FY2425 HESSE PARK ROOF REPLACE
330-400-8701-8001 330
CAPITAL
INFRASTRUCTURES
PROJEC
8701 STORM DRAIN ASSET
MGMT PRGM 2663 SUNBEAM SOLAR 20250325 5,008.00 FY2425 PM & INSPECT - CIPP LIN
330-400-8701-8006 330
CAPITAL
INFRASTRUCTURES
PROJEC
8701 STORM DRAIN ASSET
MGMT PRGM 2663 SUNBEAM SOLAR 20250325 6,850.00 FY2425 PM & INSPECT - CIPP LIN
330-400-8724-8005 330
CAPITAL
INFRASTRUCTURES
PROJEC
8724 LIFT STATION IMPROV @
LOW PT VIC 1074 NV5, INC. 20250316 7,373.00 FY24-25 LIFT STATION AT LOWER
A-2
ATTACHMENT A
CITY OF RANCHO PALOS VERDES
FY 2024-25 PO CARRYOVER
ACCOUNT NUMBER FUND FUND DESC NUMB PROGRAM
VENDOR
NUMBER VENDOR NAME PO NUMBER PO CARRYOVER DESCRIPTION
330-400-8828-8001 330
CAPITAL
INFRASTRUCTURES
PROJEC
8828 INTERSEC IMPR PVD
SOUTH 2535 TRANSTECH ENGINEERS, INC. 20250140 19,913.20 FY24-25 PM ROUNDABOUTS FEASIBI
330-400-8828-8005 330
CAPITAL
INFRASTRUCTURES
PROJEC
8828 INTERSEC IMPR PVD
SOUTH 3791 KIMLEY-HORN AND ASSOCIATES, INC. 20250323 23,000.00 FY24-25 ROUNDABOUTS FEASIBILIT
330-400-8840-8001 330
CAPITAL
INFRASTRUCTURES
PROJEC
8840 WESTERN
BEAUTIFICATION 2535 TRANSTECH ENGINEERS, INC. 20230086 36,877.00 FY22-23 PROJECT MGMT WESTERN A
330-400-8840-8001 330
CAPITAL
INFRASTRUCTURES
PROJEC
8840 WESTERN
BEAUTIFICATION 2731 NUVIS 20230267 50,363.00 FY22-23 LANDSCAPE ARCHITECTURE
330-400-8855-8005 330
CAPITAL
INFRASTRUCTURES
PROJEC
8855 ROADWAY MAINT PRGM-
PVD S & W 456 HARRIS & ASSOCIATES 20250321 18,035.00 FY24-25 RAMP - PVDS/PVDW DESIG
330-400-8858-8005 330
CAPITAL
INFRASTRUCTURES
PROJEC
8858 ROADWAY MAINT PRGM-
PVD EAST 3200 BKF ENGINEERS 20250346 85,175.69 FY24-25 RAMP - PVDE, PHASE 1 D
330-400-8861-8005 330
CAPITAL
INFRASTRUCTURES
PROJEC
8861 SIDEWALK MAINT
PROGRAM 3306 WATEARTH, INC 20250315 19,119.19 FY24-25 SIDEWALK MANAGEMENT PR
330-400-9102-4310 330
CAPITAL
INFRASTRUCTURES
PROJEC
9102 LOCAL EMERGENCY -
LANDSLIDE 2014 CALIFORNIA BARRICADE RENTALS INC. 20250119 5,033.00 FY24-25 EMERGENCY SLIDE AREA C
330-400-9102-8001 330
CAPITAL
INFRASTRUCTURES
PROJEC
9102 LOCAL EMERGENCY -
LANDSLIDE 1479 GEOLOGIC ASSOCIATES, INC. 20250334 50,000.00 FY24-25 EMERG. LANDSLIDE STABI
330-400-9102-8001 330
CAPITAL
INFRASTRUCTURES
PROJEC
9102 LOCAL EMERGENCY -
LANDSLIDE 2379 HOUT CONSTRUCTION SERVICES, INC.20250333 33,125.00 FY2425 EMERG. LANDSLIDE STABIL
330-400-9102-8001 330
CAPITAL
INFRASTRUCTURES
PROJEC
9102 LOCAL EMERGENCY -
LANDSLIDE 2534 FEHR & PEERS 20250062 17,045.50 FY24-25 PVDS ADDITIONAL ENG SE
330-400-9102-8001 330
CAPITAL
INFRASTRUCTURES
PROJEC
9102 LOCAL EMERGENCY -
LANDSLIDE 2535 TRANSTECH ENGINEERS, INC. 20250173 16,604.00 FY24-25 PM DE-ENERGIZE CRISIS
331-400-9103-5101 331 FEDERAL GRANTS 9103
LOCAL EMERGENCY -
LANDSLIDE 3871 THE PROPERTY SCIENCES GROUP, INC 20250367 2,900.00 FY24-25 APPRAISAL SERVICES
332-400-3230-5201 332 STATE GRANTS 3230 FUEL MODIFICATION 2142 FIRE GRAZERS, INC.20250338 676,244.96 FY24-25 FUEL MOD - GOAT GRAZIN
332-400-8855-8005 332 STATE GRANTS 8855
ROADWAY MAINT PRGM-
PVD S & W 456 HARRIS & ASSOCIATES 20250321 99,521.25 FY24-25 RAMP - PVDS/PVDW DESIG
343-400-8725-8005 343 MEASURE W 8725
PENNINSULA VERDE
STORMWATER 3200 BKF ENGINEERS 20250300 335.50 FY24-25 PEN VERDE STRMWTR TRTM
681-400-0000-8101 681
EQUIPMENT
REPLACEMENT 0 UNASSIGNED 3187 VIGILANT SOLUTIONS, LLC.20240319 284,850.00 FY23-24 PENINSULA CITIES ALPR
681-400-6120-5118 681
EQUIPMENT
REPLACEMENT 6120 SPECIAL PROGRAMS 3187 VIGILANT SOLUTIONS, LLC. 20240319 189,900.00 FY23-24 PENINSULA CITIES ALPR
TOTAL PO CARRYOVER $ 4,465,585
A-3
ATTACHMENT B
CITY OF RANCHO PALOS VERDES
FY 2024-25 CONTINUING APPROPRIATION REQUEST
ACCOUNT FUND FUND NAME
PROGRAM
DESCRIPTION
CONTINUING
APPROPRIATION
REQUEST
JUSTIFICATION
101-400-1310-4102 101 GENERAL FUND CITY CLERK 23,000 Unspent balance to continue digital/scanning
project
101-400-1430-4310 101 GENERAL FUND
EMERGENCY
PREPAREDNESS 14,000
Supports emergency communication needs,
including satellite phones and related
equipment
101-400-1440-5101 101 GENERAL FUND RPV TV 9,000 Upgrades required to improve audio-visual
systems at Hesse Park and/or Ladera Linda
101-400-2999-4105 101 GENERAL FUND
NON-
DEPARTMENTAL 70,000 Unspent funds for eligible employee vacation
payouts scheduled in FY 25-26.
101-400-2999-5101 101 GENERAL FUND
NON-
DEPARTMENTAL 50,000 Unspent funds for contingency funding for
emergency response
101-400-2999-5101 101 GENERAL FUND
NON-
DEPARTMENTAL 35,000 Unspent funds needed to support the public
affairs communication services
101-400-2999-5201 101 GENERAL FUND
NON-
DEPARTMENTAL 50,000 Unspent funds for contingency funding for
emergency response
101-400-4120-5101 101 GENERAL FUND PLANNING 44,000
Unspent grant reimbursement for the
Western Storefront Grant program
scheduled in the first quarter of FY 25-26
101-400-5122-5201 101 GENERAL FUND
OPEN SPACE
MANAGEMENT 5,350 Solar light tower rental during the Seaview
neighborhood power outage
101-400-6111-5106 101 GENERAL FUND PUBLIC SAFETY 31,500
Upfitting the new Public Safety Liaison
vehicle with required safety and
communication equipment
101-400-6111-5201 101 GENERAL FUND PUBLIC SAFETY 10,000
Upfitting the new Public Safety Liaison
vehicle with required safety and
communication equipment
101-400-6111-8101 101 GENERAL FUND PUBLIC SAFETY 12,000
Upfitting the new Public Safety Liaison
vehicle with required safety and
communication equipment
101-400-6120-5101 101 GENERAL FUND SPECIAL PROGRAMS 25,000 Surveillance cameras for Civic Center
101-400-0000-9330 101 GENERAL FUND
NON-
DEPARTMENTAL 580,000 Transfers-Out to the CIP Fund for the LA
County Grant Balance
B-1
ATTACHMENT B
CITY OF RANCHO PALOS VERDES
FY 2024-25 CONTINUING APPROPRIATION REQUEST
ACCOUNT FUND FUND NAME
PROGRAM
DESCRIPTION
CONTINUING
APPROPRIATION
REQUEST
JUSTIFICATION
204-400-3170-5201 204 GAS TAX SB1
STREET PAVEMENT
MAINT 460,000 Street Sweeping funding from SB1
211-400-8857-8001 211
1911 ACT FUND
STREET LIGHTING
HAWTHORNE BLVD
@ EDDINGHILL LT
SIG
30,033 Ongoing project. Included in the Five-Year
Capital Improvement Program
211-400-8857-8005 211
1911 ACT FUND
STREET LIGHTING
HAWTHORNE BLVD
@ EDDINGHILL LT
SIG
45,000 Ongoing project. Included in the Five-Year
Capital Improvement Program
211-400-8857-8006 211
1911 ACT FUND
STREET LIGHTING
HAWTHORNE BLVD
@ EDDINGHILL LT
SIG
17,532 Ongoing project. Included in the Five-Year
Capital Improvement Program
211-400-8857-8802 211
1911 ACT FUND
STREET LIGHTING
HAWTHORNE BLVD
@ EDDINGHILL LT
SIG
79,302 Ongoing project. Included in the Five-Year
Capital Improvement Program
217-400-0000-9101 217
PUBLIC SAFETY
GRANT UNASSIGNED 70,000
Transfers out to General Fund (Special
Revenue Funds - Public Safety Fund
Balance) to reimburse eligible public safety
expenses
222-400-0000-5101 222
HABITAT
RESTORATION UNASSIGNED 4,100
Continue program per NCCP requirements
with the Habitat Restoration Fund CPI
Increase
222-400-0000-5201 222
HABITAT
RESTORATION UNASSIGNED 700
Continue program per NCCP requirements
with the Habitat Restoration Fund CPI
Increase
310-400-8810-8001 310 CDBG
CURB RAMP IMPROV
PROGRAM 5,000 Ongoing project. Included in the Five-Year
Capital Improvement Program
310-400-8810-8005 310 CDBG
CURB RAMP IMPROV
PROGRAM 20,000 Ongoing project. Included in the Five-Year
Capital Improvement Program
310-400-8810-8006 310 CDBG
CURB RAMP IMPROV
PROGRAM 10,000 Ongoing project. Included in the Five-Year
Capital Improvement Program
310-400-8810-8802 310 CDBG
CURB RAMP IMPROV
PROGRAM 115,000 Ongoing project. Included in the Five-Year
Capital Improvement Program
330-400-8307-8001 330
CAPITAL
INFRASTRUCTURE
PROGRAM
LANDSLIDE -
EMERGENCY STAB 796,032 Ongoing project. Included in the Five-Year
Capital Improvement Program
B-2
ATTACHMENT B
CITY OF RANCHO PALOS VERDES
FY 2024-25 CONTINUING APPROPRIATION REQUEST
ACCOUNT FUND FUND NAME
PROGRAM
DESCRIPTION
CONTINUING
APPROPRIATION
REQUEST
JUSTIFICATION
330-400-8307-8005 330
CAPITAL
INFRASTRUCTURE
PROGRAM
LANDSLIDE -
EMERGENCY STAB 578,102 Ongoing project. Included in the Five-Year
Capital Improvement Program
330-400-8307-8802 330
CAPITAL
INFRASTRUCTURE
PROGRAM
LANDSLIDE -
EMERGENCY STAB 74,641 Ongoing project. Included in the Five-Year
Capital Improvement Program
330-400-8405-8802 330
CAPITAL
INFRASTRUCTURE
PROGRAM
LADERA LINDA
COMM PARK 51,900 Ongoing project. Included in the Five-Year
Capital Improvement Program
330-400-8426-8001 330
CAPITAL
INFRASTRUCTURE
PROGRAM
PARK PLAYGROUND
IMPROV 50,000 Ongoing project. Included in the Five-Year
Capital Improvement Program
330-400-8427-8005 330
CAPITAL
INFRASTRUCTURE
PROGRAM
WILDFIRE CORR
ENCROACH 69,200 Ongoing project. Included in the Five-Year
Capital Improvement Program
330-400-8427-8404 330
CAPITAL
INFRASTRUCTURE
PROGRAM
WILDFIRE CORR
ENCROACH 440,000 Ongoing project. Included in the Five-Year
Capital Improvement Program
330-400-8722-8001 330
CAPITAL
INFRASTRUCTURE
PROGRAM
PALOS VERDE
NATURE PRES
BURMA RD
14,400 Ongoing project. Included in the Five-Year
Capital Improvement Program
330-400-8722-8802 330
CAPITAL
INFRASTRUCTURE
PROGRAM
PALOS VERDE
NATURE PRES
BURMA RD
30,886 Ongoing project. Included in the Five-Year
Capital Improvement Program
330-400-8828-8001 330
CAPITAL
INFRASTRUCTURE
PROGRAM
INTERSEC IMPOV
PVD S 26,580 Ongoing project. Included in the Five-Year
Capital Improvement Program
330-400-8847-8811 330
CAPITAL
INFRASTRUCTURE
PROGRAM
PVD EAST
GUARDRAIL IMPROV 10,100 Ongoing project. Included in the Five-Year
Capital Improvement Program
330-400-8855-8005 330
CAPITAL
INFRASTRUCTURE
PROGRAM
ROADWAY MAINT
PROG-PVD S W 6,965 Ongoing project. Included in the Five-Year
Capital Improvement Program
B-3
ATTACHMENT B
CITY OF RANCHO PALOS VERDES
FY 2024-25 CONTINUING APPROPRIATION REQUEST
ACCOUNT FUND FUND NAME
PROGRAM
DESCRIPTION
CONTINUING
APPROPRIATION
REQUEST
JUSTIFICATION
330-400-8855-8005 330
CAPITAL
INFRASTRUCTURE
PROGRAM
ROADWAY MAINT
PROG-PVD S W 5,600 Ongoing project. Included in the Five-Year
Capital Improvement Program
330-400-8861-8001 330
CAPITAL
INFRASTRUCTURE
PROGRAM
SIDEWALK
MANAGEMENT
PROGRAM
2,302 Ongoing project. Included in the Five-Year
Capital Improvement Program
330-400-9102-5101 330
CAPITAL
INFRASTRUCTURE
PROGRAM
LANDSLIDE -
EMERGENCY STAB 53,000 Ongoing project. Included in the Five-Year
Capital Improvement Program
332-400-8855-8005 332 STATE GRANT
ROADWAY MAINT
PROG-PVD S W 1,500 Ongoing project. Included in the Five-Year
Capital Improvement Program
332-400-8855-8005 332 STATE GRANT
ROADWAY MAINT
PROG-PVD S W 91,000 Ongoing project. Included in the Five-Year
Capital Improvement Program
334-400-8405-8001 334
QUMBY PARK
DEVELOPMENT
LADERA LINDA
COMM PARK 14,350 Ongoing project. Included in the Five-Year
Capital Improvement Program
334-400-8405-8004 334
QUMBY PARK
DEVELOPMENT
LADERA LINDA
COMM PARK 69,842 Ongoing project. Included in the Five-Year
Capital Improvement Program
334-400-8405-8006 334
QUMBY PARK
DEVELOPMENT
LADERA LINDA
COMM PARK 13,546 Ongoing project. Included in the Five-Year
Capital Improvement Program
334-400-8405-8099 334
QUMBY PARK
DEVELOPMENT
LADERA LINDA
COMM PARK 128,585 Ongoing project. Included in the Five-Year
Capital Improvement Program
340-400-8861-8802 340
BICYCLE/PED
ACCESS
SIDEWALK
MANAGEMENT
PROGRAM
115,000 Ongoing project. Included in the Five-Year
Capital Improvement Program
343-400-8725-8001 343 MEASURE W
PENNINSULA VERDE
STORMWATER 60,000 Ongoing project. Included in the Five-Year
Capital Improvement Program
681-400-0000-5106 681
EQUIPMENT
REPLACEMENT UNASSIGNED 32,500
Canon Lease from Equipment Replacement
Fund
TOTAL CONTINUING APPROPRIATION REQUEST $4,551,548
B-4