Page 306 - FY 2021-22 Proposed Budget

SPECIAL PURPOSE FUND SCHEDULES

SCHEDULE 12
CITY EMPLOYEES' RETIREMENT FUND
An annual tax levy or appropriation from available funds is required by Charter Section 1160 to meet the cost of maintenance of the
retirement fund, which provides retirement, disability, and death benefits for officers and employees of the City except members of
the Fire and Police Pensions System and members of the Water and Power Employees' Retirement Plan. This schedule reflects the
contributions of the Airports and Harbor Departments and the Los Angeles City Employees' Retirement and Los Angeles Fire and
Police Pensions Systems to pay for retirement costs for their employees.

Total
Actual Estimated Budget
2019-20 2020-21 2021-22
REVENUE
73,140,740 69,437,000 11,726 Airport Revenue Fund 90,681,027
19,284,193 21,176,000 11,726.5 Harbor Revenue Fund 28,443,102
3,178,494 3,647,000 11,732 City Employees' Retirement System Revenue Fund 5,858,754
2,660,866 3,129,000 11,790 Fire and Police Pensions System Revenue Fund 4,064,795
98,264,293 97,389,000 Total Revenue 129,047,678

EXPENDITURES APPROPRIATIONS
Special Purpose Fund Appropriations:
98,264,293 97,389,000 1,095 Civilian Pensions - Special Fund Appropriation 129,047,678

98,264,293 97,389,000 Total Appropriations 129,047,678
- - Ending Balance, June 30 -

The 2021-22 contribution reflects a credit from the 2020-21 true-up adjustment.

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