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For any questions related to parking, billing or cashiering please click on the Revenue link above or call 949-644-3141.

For any other Finance related questions, please call 949-644-3123.

Articles of Interest

Open Budget Data Updated Through September 30, 2020

The City of Newport Beach makes financial information available to review the status of revenues and expenditures.  The online Open Budget Portal provides citizens an in-depth and friendly view of the City’s financial data including the City’s revenue sources, expenditures and the Capital Improvement Program (CIP).  The site provides users the ability to view the financial data in a table, chart or graph format.  Interactive features of the site allow for searching by departmental or other types of budget categories.  The CIP portion of the site organizes information by funding category, funding source or by project.  Users will also find project photos, the current phase of the project and a map showing the project’s location.


The City of Newport Beach, along with other local jurisdictions, states, and the federal government are facing an exceptionally challenging economic environment as a result of the COVID-19 Pandemic.  The closure of businesses and public facilities has negatively impacted various sources of City revenues, including sales tax and transient occupancy tax revenues, which are generally two of the City’s largest tax revenue sources.  The Fiscal Year 2020-21 revised budget projects General Fund revenues of approximately $201.3 million, which is an approximately $28.6 million decrease from the fiscal year 2019-20 actual revenues.

Through September 30, 2020, the City’s General Fund has received $20.7 million, or 10.3%, of the $201.3 million of budgeted general fund revenues. Although materially less than prior year, due to the tax remittance calendar, the percentage received to date compared to the total expected is a normal trend for this time of year.

The General Fund’s top three revenues sources (Property Taxes, Sales Taxes, and Transient Occupancy Tax) account for approximately 75% of all General Fund revenues. The City expects to receive $152.6 million of revenue from these three sources in fiscal year 2020-21, which is $17.8 million less than prior year actuals.

Property Tax

Property Tax is the top source of revenue for the City and represents almost half of all General Fund revenues. Property taxes are one of the least affected revenue sources by the pandemic and as a whole are budgeted to come in at $117.5 million for fiscal year 2020-21, which represents a 3.7% increase over prior year actuals. The City has collected about $1.8 million, or 1.5%, of budget through September 30, 2020. This is typical as property taxes are received in large part during December and April of each fiscal year. A better gauge for where the City is for the year on property taxes will be mid- to late- December when about half of secured property taxes should be received.

Sales Tax

Sales tax, the second largest revenue source for the City, is expected to finish fiscal year 2020-21 at $28.7 million, which is roughly a $7.5 million, or 20.7%, decrease from prior year actuals. As of September 30, 2020, the City has received $3.2 million, or 11.2%, of the sales tax budget, which is about $800,000 higher than expected. And, as with property taxes, sales tax results through September 30 are not indicative of budget performance by year-end.  By late-November, the City will obtain its true 3rd quarter sales tax receipts, which will provide a better gauge of how sales tax is trending compared to budget.

Transient Occupancy Taxes

Transient Occupancy Taxes (TOT) are the most severely impacted revenue source and are budgeted extremely conservatively at $6.4 million for fiscal year 2020-21, which represents a 69.1%, or $14.4 million, decrease compared to prior year total TOT revenues. The City has realized 35.2%, or $2.3 million, through September 30, 2020, which was $1.7 million higher than expected for the quarter.

Click link to view an interactive snapshot of General Fund revenues through September 30, 2020.


As of September 30, 2020, General Fund expenditures totaled $47.6 million, which represents 21.4% of the $223.0 million revised budget.

Click link to view an interactive snapshot of General Fund expenditures through September 30, 2020.

Note: Open budget data is refreshed on a monthly basis and does not remain static.  The narrative above represents the status of General Fund revenues and expenditures through September 30, 2020, and may not match data accessed subsequent to this time.

Annual Reporting on Development Impact Fees and Development Agreements

The City Council of the City of Newport Beach will hold a public meeting to review the ANNUAL REPORTING ON DEVELOPMENT IMPACT FEES & DEVELOPMENT AGREEMENTS pursuant to the Mitigation Fee Act (Government Code Section 66000, et seq.). The meeting will take place on Tuesday, November 10, 2020, at 4:00 p.m. Please click on the document names to access the Development Impact Fee Report and the Development Agreements Report documents.

GANN Limit Calculation

The City Council of the City of Newport Beach will establish the City’s Appropriations Limit for Fiscal Year 2020-21, pursuant to Article XIIIB of the State Constitution on Tuesday, June 23, 2020, at 7:00 p.m. or soon thereafter in the Council Chambers at 100 Civic Center Drive, Newport Beach.

Click on the title of the document for access to the calculation of the Fiscal Year 2020-21 Appropriations Limit. For questions regarding this item please contact Scott Catlett Finance Director/Treasurer, at 949-644-3123 or scatlett@newportbeachca.gov.

Moody's Annual Issuer Comment - No Change in Credit Rating

Credit rating agency Moody’s recently released its latest credit rating for the City of Newport Beach. The report stated that “The credit position for Newport Beach is extremely strong. Its Aaa rating is significantly above the median rating of Aa3 for US cities. Notable credit factors include an extensive tax base, a very strong wealth and income profile and a robust financial position. It also reflects a negligible debt burden and a significant pension liability.” The report also stated “Positively, Newport Beach has substantial budget flexibility to cut discretionary expenditures should financial challenges occur.”

Select the title to read the report, Moody's Investor Service Annual Comment on Newport Beach.

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