Page 217 - 2020-21 Budget Summary

Appropriations to City Employees' Retirement

Charter Section 1160 requires the City to pay the cost of maintenance of the retirement fund, which provides retirement,
disability, and death benefits for officers and employees of the City except members of the Fire and Police Pensions
System and members of the Water and Power Employees' Retirement Plan. The City's General Fund contribution will
be financed by the issuance of a Tax and Revenue Anticipation Note (TRAN). The Special Fund portion is the amount
obligated to the Harbor, Airports, the Los Angeles City Employee's Retirement System, and the Los Angeles Fire and
Police Pensions System for retirement costs for their employees.

Departmental revenue and total City Employees' Retirement System budget and supporting data are shown in Section
4.

Actual Adopted Estimated Total
Expenditures Budget Expenditures Budget
2018-19 2019-20 2019-20 2020-21

EXPENDITURES AND APPROPRIATIONS

Special
111,549,846 117,461,561 117,368,000 Civilian Pensions - Special Fund Appropriation 113,251,104
111,549,846 117,461,561 117,368,000 Total Special 113,251,104

111,549,846 117,461,561 117,368,000 Total Appropriations to City Employees' Retirement 113,251,104

Actual Adopted Estimated Total
Expenditures Budget Expenditures Budget
2018-19 2019-20 2019-20 2020-21
SOURCES OF FUNDS

111,549,846 117,461,561 117,368,000 City Employees Retirement Fund (Sch. 12) 113,251,104
111,549,846 117,461,561 117,368,000 Total Funds 113,251,104

193