Page 31 - 2020-21 Supporting Information Book_Revised

2020-21 PROPOSED BUDGET
ONE-TIME REVENUE POLICY
2020-21 PROPOSED BUDGET
ONE-TIME REVENUE POLICY
GENERAL FUND
GENERAL FUND debt combined shall 3.53% 2028
WƵƌƐƵĂŶƚ ƚŽ ƚŚĞ ŝƚLJΖƐ &ŝŶĂŶĐŝĂů WŽůŝĐŝĞƐ͕ ƚŚĞ ŝƚLJ ǁŝůů ĂǀŽŝĚ ƵƐŝŶŐ ŽŶĞͲƚŝŵĞ ƌĞǀĞŶƵĞƐ ƚŽ ĨƵŶĚ ŽŶŐŽŝŶŐ ƉƌŽŐƌĂŵƐ Žƌ ƐĞƌǀŝĐĞƐ͘
WƵƌƐƵĂŶƚ ƚŽ ƚŚĞ ŝƚLJΖƐ &ŝŶĂŶĐŝĂů WŽůŝĐŝĞƐ͕ ƚŚĞ ŝƚLJ ǁŝůů ĂǀŽŝĚ ƵƐŝŶŐ ŽŶĞͲƚŝŵĞ ƌĞǀĞŶƵĞƐ ƚŽ ĨƵŶĚ ŽŶŐŽŝŶŐ ƉƌŽŐƌĂŵƐ Žƌ ƐĞƌǀŝĐĞƐ͘
dŚĞ ƵƐĞ ŽĨ ƵŶĞŶĐƵŵďĞƌĞĚ ƉƌŝŽƌͲLJĞĂƌ ďĂůĂŶĐĞƐ ŝŶ Ăůů ĨƵŶĚƐ ĂƐ ǁĞůů ĂƐ Ăůů ŽƚŚĞƌ ŽŶĞͲƚŝŵĞ ƌĞǀĞŶƵĞƐ ƐŚĂůů ďĞ ƐĐƌƵƚŝŶŝnjĞĚ ĂŶĚ
dŚĞ ƵƐĞ ŽĨ ƵŶĞŶĐƵŵďĞƌĞĚ ƉƌŝŽƌͲLJĞĂƌ ďĂůĂŶĐĞƐ ŝŶ Ăůů ĨƵŶĚƐ ĂƐ ǁĞůů ĂƐ Ăůů ŽƚŚĞƌ ŽŶĞͲƚŝŵĞ ƌĞǀĞŶƵĞƐ ƐŚĂůů ďĞ ƐĐƌƵƚŝŶŝnjĞĚ ĂŶĚ 15% General Revenues
ĐĂƌĞĨƵůůLJ ůŝŵŝƚĞĚ ƚŽ ďĞ ƵƐĞĚ ƉƌŝŵĂƌŝůLJ ĨŽƌ ŽŶĞͲƚŝŵĞ ĞdžƉĞŶĚŝƚƵƌĞƐ͘ KŶĞͲƚŝŵĞ ĞdžƉĞŶĚŝƚƵƌĞƐ ĂƌĞ ĚĞĨŝŶĞĚ ĂƐ ƚŚŽƐĞ ƚŚĂƚ ŚĂǀĞ Ă
ĐĂƌĞĨƵůůLJ ůŝŵŝƚĞĚ ƚŽ ďĞ ƵƐĞĚ ƉƌŝŵĂƌŝůLJ ĨŽƌ ŽŶĞͲƚŝŵĞ ĞdžƉĞŶĚŝƚƵƌĞƐ͘ KŶĞͲƚŝŵĞ ĞdžƉĞŶĚŝƚƵƌĞƐ ĂƌĞ ĚĞĨŝŶĞĚ ĂƐ ƚŚŽƐĞ ƚŚĂƚ ŚĂǀĞ Ă
ĐůĞĂƌůLJ ƌĞĐŽŐŶŝnjĞĚ ƚĞƌŵŝŶĂƚŝŽŶ ĚĂƚĞ ĐŽŶŶĞĐƚĞĚ ƚŽ ƚŚĞ ĐŽŵƉůĞƚŝŽŶ ŽĨ ƚŚĞ ŝĚĞŶƚŝĨŝĞĚ ƉƵƌƉŽƐĞ ŽĨ ƚŚĞ ĞdžƉĞŶĚŝƚƵƌĞ͕ ĞǀĞŶ ŝĨ ƚŚĞ
ĐůĞĂƌůLJ ƌĞĐŽŐŶŝnjĞĚ ƚĞƌŵŝŶĂƚŝŽŶ ĚĂƚĞ ĐŽŶŶĞĐƚĞĚ ƚŽ ƚŚĞ ĐŽŵƉůĞƚŝŽŶ ŽĨ ƚŚĞ ŝĚĞŶƚŝĨŝĞĚ ƉƵƌƉŽƐĞ ŽĨ ƚŚĞ ĞdžƉĞŶĚŝƚƵƌĞ͕ ĞǀĞŶ ŝĨ ƚŚĞ 3.76% 2027
ĞdžƉĞŶĚŝƚƵƌĞ ĐƌŽƐƐĞƐ ŵƵůƚŝƉůĞ ĨŝƐĐĂů LJĞĂƌƐ͘ dŚŝƐ ĞdžŚŝďŝƚ ŝĚĞŶƚŝĨŝĞƐ ďŽƚŚ ƚŚĞ ŽŶĞͲƚŝŵĞ ƌĞǀĞŶƵĞƐ ĂŶĚ ĞdžƉĞŶĚŝƚƵƌĞƐ͕ ĂƐ ĚĞĨŝŶĞĚ
ďLJ ƚŚŝƐ ƉŽůŝĐLJ͕ ƚŚĂƚ ĂƌĞ ŝŶĐůƵĚĞĚ ŝŶ ƚŚĞ WƌŽƉŽƐĞĚ ƵĚŐĞƚ͘ /Ĩ ŽŶĞͲƚŝŵĞ ĞdžƉĞŶĚŝƚƵƌĞƐ ĞdžĐĞĞĚ ŽŶĞͲƚŝŵĞ ƌĞǀĞŶƵĞƐ͕ ƚŚĞ WƌŽƉŽƐĞĚ
ĞdžƉĞŶĚŝƚƵƌĞ ĐƌŽƐƐĞƐ ŵƵůƚŝƉůĞ ĨŝƐĐĂů LJĞĂƌƐ͘ dŚŝƐ ĞdžŚŝďŝƚ ŝĚĞŶƚŝĨŝĞƐ ďŽƚŚ ƚŚĞ ŽŶĞͲƚŝŵĞ ƌĞǀĞŶƵĞƐ ĂŶĚ ĞdžƉĞŶĚŝƚƵƌĞƐ͕ ĂƐ ĚĞĨŝŶĞĚ
ƵĚŐĞƚ ĐŽŵƉůŝĞƐ ǁŝƚŚ ƚŚŝƐ ƉŽůŝĐLJ͘ /Ĩ ŽŶĞͲƚŝŵĞ ƌĞǀĞŶƵĞƐ ĞdžĐĞĞĚ ŽŶĞͲƚŝŵĞ ĞdžƉĞŶĚŝƚƵƌĞƐ͕ ƚŚĞ WƌŽƉŽƐĞĚ ƵĚŐĞƚ ĚŽĞƐ ŶŽƚ
ďLJ ƚŚŝƐ ƉŽůŝĐLJ͕ ƚŚĂƚ ĂƌĞ ŝŶĐůƵĚĞĚ ŝŶ ƚŚĞ WƌŽƉŽƐĞĚ ƵĚŐĞƚ͘ /Ĩ ŽŶĞͲƚŝŵĞ ĞdžƉĞŶĚŝƚƵƌĞƐ ĞdžĐĞĞĚ ŽŶĞͲƚŝŵĞ ƌĞǀĞŶƵĞƐ͕ ƚŚĞ WƌŽƉŽƐĞĚ
ĐŽŵƉůLJ ǁŝƚŚ ƚŚŝƐ ƉŽůŝĐLJ͘
ƵĚŐĞƚ ĐŽŵƉůŝĞƐ ǁŝƚŚ ƚŚŝƐ ƉŽůŝĐLJ͘ /Ĩ ŽŶĞͲƚŝŵĞ ƌĞǀĞŶƵĞƐ ĞdžĐĞĞĚ ŽŶĞͲƚŝŵĞ ĞdžƉĞŶĚŝƚƵƌĞƐ͕ ƚŚĞ WƌŽƉŽƐĞĚ ƵĚŐĞƚ ĚŽĞƐ ŶŽƚ 2026 Remaining General Obligation Authorization***
One-Time Revenues
($ millions)
ĐŽŵƉůLJ ǁŝƚŚ ƚŚŝƐ ƉŽůŝĐLJ͘ 3.80 3.76%
Delayed 2019-20 fee receipts (including Fire construction, Police Permit, and Brush Clearance fees)
Delayed 2019-20 Property Tax receipts 2.00
Delayed 2019-20 Business Tax receipts
One-Time Revenues 44.70 ($ millions)
5.48
Delayed 2019-20 parking fine payments
Delayed 2019-20 fee receipts (including Fire construction, Police Permit, and Brush Clearance fees) 4.22 3.80
Special Parking Revenue Fund transfer above base level
Delayed 2019-20 Property Tax receipts 60.20 2.00 3.87% 2025
Total One-Time Revenues
Delayed 2019-20 Business Tax receipts 44.70
Delayed 2019-20 parking fine payments ($ millions) 5.48
One-Time Expenditures
Special Parking Revenue Fund transfer above base level 0.91 4.22
Mayo Street Retaining Wall Replacement
CIEP - Physical Plant
City Attorney Compensation Adjustment 2.60 4.05% 2024 Fiscal Year
Total One-Time Revenues Gang Injunction Settlement Implementation 1.13 60.20
Economic and Workforce Development
Information Technology Agency LAPD and LAFD Radio Infrastructure Repairs, Phase Three 2.50 General Obligation Bonds***
Information Technology Agency Human Resources and Payroll Project 7.02 2020-21 PROPOSED BUDGET VOTER APPROVED AND NON-VOTER APPROVED DEBT April 2020 Debt Service to General Revenues* *Projected revenue growth from Fiscal Years 2021-22 to 2024-25 is 4.1%, 3.0%, 3.1%, and 3.1%, respectively. Projected revenue growth from 2025-26 through 2027-28 is 2.9%.
Information Technology Agency Police Phone Replacement 0.90
One-Time Expenditures Mobile Worker Program 0.88 ($ millions) 4.43% 2023
Information Technology Agency
First Responder Equipment
CIEP - Physical Plant Fire Mayo Street Retaining Wall Replacement 0.29 0.91 Pursuant to the Debt Management Policy, the Debt Affordability Ceiling for debt service on voter approved and non-voter approved
1.28
Fire
Turnout Gear
City Attorney General City Purposes Compensation Adjustment 10.00 2.60
Additional Homeless Services
General City Purposes
Justice Fund
Economic and Workforce Development Gang Injunction Settlement Implementation 1.00 1.13
Access System Upgrade
General Services
0.11
Information Technology Agency LAPD and LAFD Radio Infrastructure Repairs, Phase Three 0.18 2.50 5.23% 2022 **Includes Judgment Obligation Bonds, Convention Center, MICLA bond issuances, MICLA Commercial Papger and Refundings.
Automated Processing Software
General Services
Case Management System
Information Technology Agency Human Resources and Payroll Project 0.06 7.02
Housing and Community Investment
Occupancy Monitoring Contract for Proposition HHH
Housing and Community Investment
Information Technology Agency Police Phone Replacement 0.04 0.90 Non-Voter Approved Debt**
0.02
Disability
HIV and Disability Legal Services Partnership
Information Technology Agency Mobile Worker Program 0.07 0.88
Central Recycling Trust Fund - Related Cost Repayment
Other Special Purpose Funds
Transfer to the Reserve Fund
Fire Other Special Purpose Funds First Responder Equipment 12.34 0.29 5.39% 2021
3.89
Solid Waste Resource Fund - Related Cost Repayment
Other Special Purpose Funds
Fire PW - Bureau of Engineering Turnout Gear 0.18 1.28
Cloud Environment Subscription and Maintenance
General City Purposes Additional Homeless Services 0.30 10.00
Unappropriated Balance
Personnel Related Cybersecurity Measures
Unappropriated Balance
Police Department Sworn Overtime -Cash Payout
General City Purposes Justice Fund 5.00 1.00
Unappropriated Balance
Discovery Cube
0.50
General Services Unappropriated Balance Access System Upgrade 2.34 0.11 be no more than 15 percent of General Revenues. 6.01% 2020
Repayment for Community Development Block Grant Projects
Zoo and El Pueblo Revenue Shortfalls
General Services Unappropriated Balance Automated Processing Software 16.35 0.18
Total One-Time Expenditures
Housing and Community Investment Case Management System 69.89 0.06 DEBT MANAGEMENT POLICY Debt
Housing and Community Investment Occupancy Monitoring Contract for Proposition HHH 9.69 0.04 $-
One-Time Expenditures in Excess of (falling short of) One-Time Revenues
Disability HIV and Disability Legal Services Partnership 0.02 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 ***Voter-Approved
Other Special Purpose Funds Central Recycling Trust Fund - Related Cost Repayment 0.07
Other Special Purpose Funds Transfer to the Reserve Fund 12.34 Debt Service Amount (000's)
Other Special Purpose Funds Solid Waste Resource Fund - Related Cost Repayment 3.89
PW - Bureau of Engineering Cloud Environment Subscription and Maintenance 0.18 17
Unappropriated Balance Personnel Related Cybersecurity Measures 0.30
Unappropriated Balance Police Department Sworn Overtime -Cash Payout 5.00
Unappropriated Balance Discovery Cube 0.50
Unappropriated Balance Repayment for Community Development Block Grant Projects 2.34
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Unappropriated Balance Zoo and El Pueblo Revenue Shortfalls 16.35
Total One-Time Expenditures 69.89
One-Time Expenditures in Excess of (falling short of) One-Time Revenues 9.69

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