Page 186 - FY 2021-22 Blue Book Volume 1

Controller

Financial Reporting of City and Grant Funds
Priority Outcome: Make Los Angeles the best run big city in America
This program provides leadership and guidance to City departments in the proper recording and reporting of
financial data and ensures the City's compliance with accounting regulations. This program produces the
City's Comprehensive Annual Financial Report, Preliminary Financial Report, Municipal Improvement
Corporation of Los Angeles financial statements and state-mandated reports, and timely cash and revenue
forecasts. This program compiles the Schedule of Expenditures of Federal Awards and the Cost Allocation
Plan for the City. This program ensures sufficient General Fund cash flow and General Obligation bond tax
levy to meet obligations. Finally, this program provides check reconciliation services ensuring against
fraudulent checks.

Program Changes Direct Cost Positions Total Cost

Changes in Salaries, Expense, Equipment, and Special
Apportionment of Changes Applicable to Various Programs 58,001 (1) (57,478)
Related costs consist of employee benefits.
SG: $58,001
Related Costs: ($115,479)
Continuation of Services

12. Special Fund Analysis 272,370 - 392,441
Continue funding and resolution authority for two positions
consisting of one Senior Management Analyst II and one
Senior Management Analyst I to continue a comprehensive
reconciliation of all City special fund balances. Related costs
consist of employee benefits.
SG: $272,370
Related Costs: $120,071
TOTAL Financial Reporting of City and Grant Funds 330,371 (1)

D 2020-21 Program Budget 2,139,379 21
Changes in Salaries, Expense, Equipment, and Special 330,371 (1)
2021-22 PROGRAM BUDGET 2,469,750 20

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