Page 344 - 2020-21 Budget Summary

SPECIAL PURPOSE FUND SCHEDULES
SCHEDULE 33
CANNABIS REGULATION SPECIAL REVENUE TRUST FUND
Section 5.586 of the Los Angeles Administrative Code (LAAC) establishes the Department of Cannabis Regulation Cannabis
Regulation Trust Fund. This fund receives monies from fees paid for the licensing and permitting of new and existing cannabis
retailers, cultivators, distributors, and manufacturers in the City of Los Angeles pursuant to Chapter 10, Articles 4 and 5 of the Los
Angeles Municipal Code (LAMC). The Fund is administered by the Department of Cannabis Regulation to pay for salaries, expenses,
equipment, materials, and services in support of the Department's functions relating to those services for which fees are paid into the
Fund.
Total
Actual Estimated Budget
2018-19 2019-20 2020-21
REVENUE
- 6,626,974 Cash Balance, July 1 906,974
- 6,626,974 Balance Available, July 1 906,974
1,750,000 3,000,000 11,759 General Fund -
11,406,655 8,050,000 11,791 Permit Fees 17,040,000
86,149 125,000 11,842 Interest 125,000
13,242,804 17,801,974 Total Revenue 18,071,974

EXPENDITURES APPROPRIATIONS
2,343,345 3,775,000 79 Cannabis Regulation 4,508,693
135,736 590,000 111 City Attorney 560,832
- 50,000 127 City Clerk 57,117
20,421 200,000 149 City Planning -
- 877,000 323 Finance 898,951
45,246 104,000 375 General Services 103,873
6,056 8,000 447 Information Technology Agency -
- 140,000 505 Personnel 176,491
20,982 - 533 Police -
93,176 195,000 839 Capital Finance Administration 182,372
Special Purpose Fund Appropriations:
- 4,750,000 1,231 Social Equity Program -
3,950,868 6,206,000 1,232 Reimbursement of General Fund Costs 11,583,645
6,615,830 16,895,000 Total Appropriations 18,071,974

6,626,974 906,974 Ending Balance, June 30 -

314