Page 190 - FY 2020-21 Blue Book Volume I

Controller

Financial Reporting of City and Grant Funds
Priority Outcome: Make Los Angeles the best run big city in America
This program provides leadership and guidance to City departments in the proper recording and reporting of
financial data and ensures the City's compliance with accounting regulations. This program produces the
City's Comprehensive Annual Financial Report, Preliminary Financial Report, Municipal Improvement
Corporation of Los Angeles financial statements and state-mandated reports, and timely cash and revenue
forecasts. This program compiles the Schedule of Expenditures of Federal Awards and the Cost Allocation
Plan for the City. This program ensures sufficient General Fund cash flow and General Obligation bond tax
levy to meet obligations. Finally, this program provides check reconciliation services ensuring against
fraudulent checks.

Program Changes Direct Cost Positions Total Cost

Changes in Salaries, Expense, Equipment, and Special
Apportionment of Changes Applicable to Various Programs (846,181) 1 (1,064,661)
Related costs consist of employee benefits.
SG: ($843,681) EX: ($2,500)
Related Costs: ($218,480)
Continuation of Services

19. E-Payables Reconciliation Support 80,857 1 119,542
Continue funding and add regular authority for one Senior
Accountant I to support the E-Payables program. The E-
Payables program provides electronic payment options for City
vendors, which reduces the reliance on paper checks and
generates rebates to the City from the bank. Related costs
consist of employee benefits.
SG: $80,857
Related Costs: $38,685
20. Special Fund Analysis 269,050 - 379,285
Continue funding and resolution authority for two positions
consisting of one Senior Management Analyst II and one
Senior Management Analyst I to continue a comprehensive
reconciliation of all City special fund balances. Related costs
consist of employee benefits.
SG: $269,050
Related Costs: $110,235

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