Page 308 - 2020-21 Budget Summary

SPECIAL PURPOSE FUND SCHEDULES
SCHEDULE 11
SPECIAL PARKING REVENUE FUND
The Special Parking Revenue Fund receives all monies collected from parking meters and City-owned parking lots in the City in
accordance with Division 5 of the Los Angeles Administrative Code (LAAC). Fund monies may be used for the following purposes: 1)
purchasing, leasing, installing, maintaining, operating, regulating and policing of parking meters and metered spaces, collection of
meter revenue and related expenses; 2) the purchase, improvement, and operation of off-street parking facilities; 3) the painting and
marking of streets and curbs required for the parking of motor vehicles within parking meter zones; and, 4) the payment of debt
service costs incurred for off-street parking facilities. LAAC Section 5.117 Subsection 6 allows the City to establish surplus funding
which may be transferred to the Reserve Fund for general governmental purposes, after paying, or setting aside funding for the cost
of operations and maintenance for eligible activities.
Total
Actual Estimated Budget
2018-19 2019-20 2020-21
REVENUE
5,429,315 4,333,008 Cash Balance, July 1 7,000,000
Less:
- - PYUNEXPAPPR1 Prior Years' Unexpended Appropriations 6,809,294
5,429,315 4,333,008 Balance Available, July 1 190,706
13,324,745 9,860,000 11,763 Hollywood and Highland Lot 745 13,800,000
719,080 19,246,000 11,768 Lease and Rental Fees 726,000
453,174 406,000 11,787 Parking Fees 386,000
9,801,119 7,400,000 11,788 Parking Lots 10,200,000
56,710,171 45,950,000 11,789 Parking Meters 57,500,000
267,435 1,376,000 11,840 Other Receipts 110,000
1,019,790 735,000 11,842 Interest 767,000
Less:
32,115,566 31,294,008 11,845 Surplus Transfer to the Reserve Fund 27,720,568
55,609,263 58,012,000 Total Revenue 55,959,138

EXPENDITURES APPROPRIATIONS
474,562 605,000 375 General Services -
32,204 5,000 447 Information Technology Agency -
118,706 143,000 533 Police -
394,600 418,000 691 Transportation 394,600
6,452,607 6,453,000 839 Capital Finance Administration 6,439,545
Special Purpose Fund Appropriations:
146,500 146,500 10,618.75 Blossom Plaza Easements and Improvements 146,500
5,512,317 3,000,000 10,635 Capital Equipment Purchases 5,500,000
2,173,507 3,000,000 10,650 Collection Services 3,000,000
21,798,377 22,000,000 10,660 Contractual Services 23,000,000
21,587 - 10,685 General Services - Related Cost -
41,500 - 10,690.5 Hollywood Parking Facility - SPRF -
2,112,325 2,300,000 10,701 Maintenance, Repair, & Utility Service for Off-Street Lots 2,500,000
29,218 60,000 10,712 Miscellaneous Equipment 60,000
330,000 360,000 10,722 Parking Facilities Lease Payments 360,000
4,887,104 5,000,000 10,725 Parking Meter and Off-Street Parking Administration 6,109,262
128,210 500,000 10,725.5 Parking Studies 500,000
88,890 - 10,727.25 Parking Way Finding Signs -
1,596,298 1,400,000 10,747 Replacement Parts, Tools and Equipment 1,400,000
18,377 15,000 10,794.5 Travel and Training 32,000

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