Page 305 - FY 2021-22 Proposed Budget

SPECIAL PURPOSE FUND SCHEDULES
SCHEDULE 11
SPECIAL PARKING REVENUE FUND
The Special Parking Revenue Fund receives all monies collected from parking meters and City-owned parking lots in the City in
accordance with Division 5 of the Los Angeles Administrative Code (LAAC). Fund monies may be used for the following purposes: 1)
purchasing, leasing, installing, maintaining, operating, regulating and policing of parking meters and metered spaces, collection of
meter revenue and related expenses; 2) the purchase, improvement, and operation of off-street parking facilities; 3) the painting and
marking of streets and curbs required for the parking of motor vehicles within parking meter zones; and, 4) the payment of debt
service costs incurred for off-street parking facilities. LAAC Section 5.117 Subsection 6 allows the City to establish surplus funding
which may be transferred to the Reserve Fund for general governmental purposes, after paying, or setting aside funding for the cost
of operations and maintenance for eligible activities.
Total
Actual Estimated Budget
2019-20 2020-21 2021-22
REVENUE
5,284,172 23,889,786 Cash Balance, July 1 29,278,286
Less:
- - PYUNEXPAPPR1 Prior Years' Unexpended Appropriations 27,425,505
5,284,172 23,889,786 Balance Available, July 1 1,852,781
9,921,195 3,200,000 11,763 Hollywood and Highland Lot 745 6,506,000
596,514 300,000 11,768 Lease and Rental Fees 898,000
406,465 10,000 11,787 Parking Fees 33,000
7,373,383 3,000,000 11,788 Parking Lots 5,856,000
46,440,343 33,500,000 11,789 Parking Meters 48,455,000
94,036 100,000 11,840 Other Receipts 245,000
1,227,674 1,000,000 11,842 Interest 1,632,000
Less:
- - 11,845 Surplus Transfer to the Reserve Fund 8,476,580
71,343,782 64,999,786 Total Revenue 57,001,201

EXPENDITURES APPROPRIATIONS
91,830 - 383 General Services -
13,771 - 455 Information Technology Agency -
76,573 - 541 Police -
298,846 26,000 691 Transportation 394,600
6,453,539 6,439,000 847 Capital Finance Administration 6,412,730
Special Purpose Fund Appropriations:
146,500 146,500 10,618.75 Blossom Plaza Easements and Improvements -
5,979,274 500,000 10,635 Capital Equipment Purchases 5,800,000
1,753,772 2,500,000 10,650 Collection Services 3,000,000
19,785,385 18,000,000 10,660 Contractual Services 23,000,000
1,283,084 1,200,000 10,701 Maintenance, Repair, & Utility Service for Off-Street Lots 2,500,000
32,934 5,000 10,712 Miscellaneous Equipment 60,000
180,000 360,000 10,722 Parking Facilities Lease Payments 360,000
4,449,428 5,000,000 10,725 Parking Meter and Off-Street Parking Administration 6,208,604
37,130 45,000 10,725.5 Parking Studies 500,000
423,071 100,000 10,737.63 Proportionate Share - Code the Curb Project -
1,435,047 1,400,000 10,747 Replacement Parts, Tools and Equipment 1,400,000
15,743 - 10,794.5 Travel and Training -
4,998,069 - 10,802 Reimbursement of General Fund Costs 7,365,267

47,453,996 35,721,500 Total Appropriations 57,001,201

23,889,786 29,278,286 Ending Balance, June 30 -

278