Page 471 - 2020-21 Budget Summary

Revenue Forecast Report
Discussion

In 2019-20, total LPFF is estimated to $1.19 billion or $33 million below
budget. The shortfall is largely due to reduced related costs reimbursements
for various departments such as Housing and Community Investment and
Building and Safety, attributable to staff vacancies, and services to proprietary
departments. The 2020-21 LPFF, projected to $1.24 billion, which is 3.9%
above 2019-20 estimated actual and 1.1% above the 2019-20 Adopted
Budget.

Other Significant Revenues

Exhibit 5 depicts other revenues such as Franchise Income, Parking Fines,
Power Revenue Transfer, and Ex-CRA Tax Increment. The revenue estimates
are provided by various departments responsible for administration of the
program(s) and/or collection and transmittal of the receipts to the General
Fund.

EXHIBIT 5

OTHER SIGNIFICANT REVENUES
(amounts expressed in thousands)

% Change over
2019-20
Adopted Budget Estimated Receipts Adopted Budget
FY 2020 2019-20 2020-21 2019-20 2020-21
(a) (b) (c) (b) / (a) (c) / (a)
Franchise Income $ 80,240 $ 85,772 $ 86,141 6.89% 7.35%

Parking Fines 123,785 135,000 135,000 9.06% 9.06%

Power Revenue Transfer 235,600 229,913 226,850 -2.41% -3.71%

Ex-CRA Tax Increment 100,386 89,513 95,317 -10.83% -5.05%

Franchise income is collected from City franchisees, including distributors of
natural gas, cable TV operators, and others such as official police garages and
taxicabs. RecycLA, the solid waste collection franchise system for commercial,
industrial and large multi-family buildings, was partially implemented during
the prior fiscal year and is now the largest element of Franchise Income.
Current year Franchise income revenue is estimated to be $86 million and
2020-21 is projected to be $86 million.

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