2025-11-18 CC Agenda Packet - ITEM C5 - FY 2025-26 First Quarter Financial ReportCITY OF
ELSEGUNDO
FY 2025=26
First Quarter
Financial Report
November 18, 2025
City of El Segundo 1 350 Main St El Segundo, CA 90245
1. FY 2025-26 First Quarter (Q1) -Financial Report
2. Update to Tyler EERP implementation
3. Staff Recommendations
Pj
• General Fund has realized $7.31VI or 7% current year
revenues versus $8.21VI or 9% prior year
• The big 5 revenues sources are anticipated to meet budget
• Future Financial Reports will provide better financial picture
• Significant variances can be addressed during the Mid -Year
process in early 2026
3
$1,400, 000
$1, 2 00, 000
$1,000,000
$800,000
$600,000
$400,000
$200,000
$0
I
Q1 General Fund Revenues Actuals: $7 309,304
I
1
1
�
OC
d�Jr
y�
w+
ry�r
h�i N� Ni
7/
N`rP
r
O
9N�i N%
�N
$1,800,000
$1,600,000
$1,400, 000
$1,200,000
$1,000,000
$800,000
$600,000
$4 00, 000
$200,000
$0
Top 5 Revenue Q1 FY26 & Q1 FY25
SALES & USE TAX BUSINESS LICENSE TRANSIENT OCCUPANCY PROPERTY TAX UTILITY USER TAX (UUT)
TAX
❑ Ql FY26 Q1 FY25
5
Fiscal Year 2025-26
DollarActual Variance in
Source
Revised Full
Revenues
%
BudgetRevenue
Year
-.
Budget to Actuals
Received
Through
e
1
Sales & Use Tax
$1,123,800
($15,680,378)
7%2
icense
0$16,8040,178
183,6433
Transient Occupancy Tax
4,80
1,315,177
(13,484,823)
9%
4
Pr ,Ei irt.,' i =a,:
14.C137 t84
2G,•Fiifj
(14,011,415)
5
Chevron Tax Reso Agreement
6,100,000
0
(6,100,000)
0%
6
Utility 1.1:1-i-i l..ix (UU r)
I I.0J:3,7� '_�
1.:}0f1,45a
(9,793,310)
129/o
7
Charges for Services
5,900,748
1,010,715
(4,890,032)
17%
8
Transt i.-.In
4.754,E-)'aa
�=���
(4.729.994)
10
9
Franchise Tax
5,200,000
0
(5,200,000)
0%
10
011-lor -s
2.875,178
; 1? 660
(2,160,518)
11
Intergovernmental
355,000
31,397
(323,603)
9%
12
License : Pei mil-�
�',329,000
765,6367
(1.563,333)
lim
13
Interest & Rental Income
5,886,646
747,500
(5,139,146)
13%
14
(279,862)
Total
General Fund Revenues
0-
0• 04
0
Fiscal Year 2025-26
Actual
Fund Name Revised Full Year Revenuesto Variance in Dollar
Budget
1 General Fund $104,573,049 $7,309,304 ($97,263 745) 7%
Water Fund
154
21%
3
Transportation Funds
2,646,436
1,106,175
(1,540,261)
42%
4
Debt Service
,505,304
0
0%
Wastewater Fund
6,214,470
1,1080,255
6
Gene', _ _
= 1 7
9,887
00%
7
Equip. Replacement Fund
2,027,142
638,648
(1,388,494)
32%
8
xs Comp. Fund
3,597.350
23)
9
General Liability Fund
3,687,030
920,507
(2,766,523)
25%
10
Dell. d es TrMt
250.000
58,788
11
Public Safety Special Rev
3,084,987
193,502
(2,891.486)
6%
12
Other Special Rev.
1,1'263
30,337
(1,093,926)
13
Rec & Econ Dev Trust Fund
5,144,400
89,902
(5.054,498)
2%
14
Cultural Dev. T
257.500
55,117
(202.383)
15
Debt Service Fund
36,050
36,556
506
101%°
16
Solid Waste Fund
211.000
211,000
- 6
-
17
Senior Housing Fund
287,414
211,909
(75,505)
74%
19
R -hle Project Deposit
7
• General Fund has expended $24.51VI or 23% current year
versus $24.31VI or 25% prior year
• Significant departmental budget variances are due to the
timing of expenditures related to projects and programs and
are trending in line with anticipated contract timelines
• Future Quarterly Financial Reports will provide final picture
• Significant variances can be addressed during the Mid -Year
process in early 2026
93
Q1 General Fund Expenditures Actuals: $24.,546,238
$6,500,000
$6,000,000
$5,500,000
$S,000,000
$4,500,000
$4,000,000
$3,500,000
$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$o
011,
........... .... . ................ .... .. ........................................................ ............. ......... ............. ......... ............................................................... ..... .... ............ ........................................................... ... ........ ......... ....
9
Fiscal Year 2025-26
Expenditure Source
Revised Full Year Appropriations
Actual
Variance in
Dollar -
Percentage
Budget Expended
Through
Revised Budget
Expended*
Q
Actuals
1
Police
$24,867,038
$6,534,098
($18,332,940)
26%
2
Fn--
18.363,290
4.046.412
(14.316,877)
22%
3
Transfers Out
15,138,648
5,641,000
(9,497,648)
37%
4
Public Works
9.962,675
(8,510,256)
15:,.,
5
Non -departmental
7,508,339
1,652,211
(5.856,128)
22%
6
n, Perks « Library
1 1,� �4
2255,E+04
(9,038,744,
20`
7
Community Development
3,957,955
730,350
(3,227,605)
18%
8
Intorn-�a_iti in T,2f_I'�rr-,luny
4.11J7 3~ j
769.914
(3.337.436)
1<+'
9
City Manager
3,140,747
549,261
(2,591,486)
17%
10
f=1ria11cc.
2,807,702
5-19,652
(2,288,050)
1'a"
11
Human Resources
2,059,083
195,271
(1 863,812)
12
41IMMmey
825,00U
2
(729,068)
12,%
13
City Clerk
596,780
84,083
(512,697)
14%
14
City Council AL
�,
15
Covid-19 Reimbursements
0
(29,795)
(29,795)
0%
Total General Fund .-
*Does not include encumbrances
11
1
Fund Name
General Fund (a)
Fiscal Year 2025-26
RevisedActual
Full Year ExpendituresDollar*
..-
$104,856,353
..
$24,546,238
($80,310,115)
%
.-.
23%
2
Water Fund
Transportation Funds (c)
40.51 �1.41 r,
2,041,806
7 C175,029
(33,444,387)
17%
3
178,972
(1,862,833)
4
Debt Service PCBs
i4,4.U7,r-,4�',
8,057,387
(1,440.262)
5
Wastewater Fund (d)
8,053,698
660,548
(7,393,149)
6
General -, -
?:'.�-7ri 210
1.398.389
(21,371,821)
_ 8%
7
Equip. Replacement Fund
8,146,058
154,248
(7,991,810)
3
'Nork�rs Ct tiip. Fur -,,_I ;I)
3,498,108
1,750,799
(,
(1,536,202)
59%
9
General Liability Fund (g)
3,777,967
2,241,765
10
Dev. Services 1-rust (11)
0
(975,000)
00/:,
11
Public Safety Special Rev. (i)
3,130,849
166,931
(2,963,918)
5%
12
04162mial f'tv (j)
2,6= `, jt ^
45.786
(2,590,101)
2%
13
Rec & Econ Dev Trust Fund (k)
4,948,394
(14 088)
(4,962,482)
0%
14
Cultural Dev. trust Fund (h
.117
28,509
(349.607)
_8%c
15
Debt Service Fund (m)
541,606
458,433
(83,172)
85%
16
Soli t �:'J:3ste r �rnt1 (n)
0
(346,000)
0%
17 Senior Housing Fund
Total
*Does not include encumbrances
53,621
i
4,595
(49,026)
9%
12
General Fund Reserve: 25% ($23.5M)
General Fund Balance: $43.5M (as of 6/30/25)
Economic Uncertainty Reserve: 2M
OPEB Reserve: $40.IM
Pension Trust Reserve: $6.7M
General Fund CIP Reserve: 400k
.....................
12
Description
Estimated
Beginning Unassigned Fund Balance on July 1, 2024
$40,701,761
Estimated FY 2024-25 Revenues
$96,690,772
Estimated FY 2024-25 Expenditures
$(93,886,298)
Estimated Ending Fund Balance (June 30, 2025)
$43,506,235
25% Reserve Requirement
$2314711575
Estimated Available Unassigned Reserve *
C0,03496612
0001
* City Council appropriated $5,230,000 towards FY 2025-26 General Fund CIP's
13
0
1
Implementation of
Acct/AP/AR/GB/
PO/Budget
Financial Module End -User First Check Run
Implementation Training in Tyler EERP
Human
Resources
Mgt/Payroll
Implementation
a
Utility Billing
Module (Go -Live)
14
1. Receive and File the First Quarter Fiscal Year 2025-26 Financial Report
15