City of Hermosa Beach
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The City Manager is required to submit a preliminary budget to the City Council on or before May 15th of each year. One or two public workshops are held in May and June to review the budget and receive public input. One formal public hearing is held in June, prior to budget adoption.
The City Council must adopt an annual budget, by resolution, on or before June 30 for the coming fiscal year (July 1 – June 30). If the budget is not adopted by that date, the preliminary budget, except for capital outlays, goes into effect until the budget is adopted.
The budget may be amended during the year as necessary. A Midyear Budget Review is conducted in February, at which time adjustments to revenue estimates and appropriations are made. Expenditures may not exceed appropriations at the fund level. The City Manager may approve transfers of appropriation within funds; transfers of appropriations from one fund to another require City Council approval. Budgets are adopted for all governmental and proprietary funds on a basis consistent with generally accepted accounting principles.
Our Adopted FY 2024-2025 Budget
The 2024-25 Adopted Budget and Capital Improvement Program is an online, interactive document. The Budget is best viewed on a tablet or computer to ensure full functionality with the various interactive charts, scrollable tables, and other features in the new format. It is recommended to view the document using Google Chrome or Firefox as the browser.
A searchable, printable PDF version of the budget is available for downloading. To search the PDF versions, click the Ctrl and F keys at the same time to open a search box. It is important to note that some functionality and information may not display fully in this PDF version. A brief summary of key information from the budget is available in the Budget In Brief.
The PDF version has bookmarks that can be used to navigate through the document. Once the document is opened there is a side panel which has either page images (thumbnails) or a Table of Contents list. To use the thumbnails, just click on the image. To use the Table of Contents list, just click on the titles.
Fiscal Year 2024-25 Budget Meetings
- April 18, 2024 - Capital Improvement Program(CIP) Study Session
- June 4, 2024 - Fiscal Year 2024-25 Budget Workshop.
- Meeting Agenda
- Budget Workshop Presentation
- June 11, 2024 - Fiscal Year 2024-25 Public Hearing and Adoption