Page 330 - 2020-21 Budget Summary

SPECIAL PURPOSE FUND SCHEDULES
SCHEDULE 25
ARTS DEVELOPMENT FEE TRUST FUND
Section 5.346 of the Los Angeles Administrative Code establishes the Arts Development Fee Trust Fund. The owners of any non-
residential development project over $500,000 in value shall pay a fee not exceeding one percent of the total value of work and
construction authorized by the building permit. The fee is used to provide cultural and artistic facilities, services, and community
amenities for the project. If private facilities, services, and community amenities for cultural and artistic purposes are provided in the
proposed development project, then a dollar-for-dollar credit may be granted against the Arts Development Fee.
Total
Actual Estimated Budget
2018-19 2019-20 2020-21
REVENUE
18,262,592 19,527,331 Cash Balance, July 1 19,002,331
Less:
- - PYUNEXPAPPR1 Prior Years' Unexpended Appropriations 17,947,199
18,262,592 19,527,331 Balance Available, July 1 1,055,132
2,810,026 3,000,000 11,727 Arts Development Fee 3,000,000
677,707 - 11,806 Reimbursement from Other Agencies -
338,767 150,000 11,842 Interest 358,779
22,089,092 22,677,331 Total Revenue 4,413,911

EXPENDITURES APPROPRIATIONS
6,934 - 375 General Services -
85,135 - 653 Bureau of Street Lighting -
Special Purpose Fund Appropriations:
581,463 452,000 1,873 Arts and Cultural Facilities and Services Fund (Schedule 24) 419,803
1,888,229 3,223,000 1,875 Arts Projects 3,994,108

2,561,761 3,675,000 Total Appropriations 4,413,911
19,527,331 19,002,331 Ending Balance, June 30 -

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