Page 306 - FY 2020-21 Blue Book Volume I

Finance

Investment
Priority Outcome: Make Los Angeles the best run big city in America
This program manages the City's Investment Program, which includes actively managing the City's multi-
billion dollar General Pool and Special Funds investment portfolios, the purchase and/or reinvestment of City
funds, selling or exchanging securities purchased, and depositing securities for safekeeping to the City
custodial bank as part of its Securities Lending Program.

Program Changes Direct Cost Positions Total Cost

Changes in Salaries, Expense, Equipment, and Special
Apportionment of Changes Applicable to Various Programs (122,057) - (110,725)
Related costs consist of employee benefits.
SG: ($122,057)
Related Costs: $11,332
Continuation of Services

30. Benchmark Data 45,000 - 45,000
Increase funding in the Contractual Services Account to
maintain a subscription for investment index data for the
investment of City funds.
EX: $45,000
TOTAL Investment (77,057) -

D 2019-20 Program Budget 1,583,830 5
Changes in Salaries, Expense, Equipment, and Special (77,057) -
2020-21 PROGRAM BUDGET 1,506,773 5

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