Page 325 - FY 2021-22 Proposed Budget

SPECIAL PURPOSE FUND SCHEDULES
SCHEDULE 25
ARTS DEVELOPMENT FEE TRUST FUND
Section 5.346 of the Los Angeles Administrative Code establishes the Arts Development Fee Trust Fund. The owners of any non-
residential development project over $500,000 in value shall pay a fee not exceeding one percent of the total value of work and
construction authorized by the building permit. The fee is used to provide cultural and artistic facilities, services, and community
amenities for the project. If private facilities, services, and community amenities for cultural and artistic purposes are provided in the
proposed development project, then a dollar-for-dollar credit may be granted against the Arts Development Fee.
Total
Actual Estimated Budget
2019-20 2020-21 2021-22
REVENUE
19,405,345 21,632,991 Cash Balance, July 1 20,411,991
Less:
- - PYUNEXPAPPR1 Prior Years' Unexpended Appropriations 20,150,918
19,405,345 21,632,991 Balance Available, July 1 261,073
5,209,239 3,000,000 11,727 Arts Development Fee 3,000,000
261,946 37,000 11,806 Reimbursement from Other Agencies -
408,977 359,000 11,842 Interest 300,000
25,285,507 25,028,991 Total Revenue 3,561,073

EXPENDITURES APPROPRIATIONS
138,637 - 383 General Services -
4,359 - 541 Police -
2,434 - 653 Bureau of Street Lighting -
52,787 - 667 Bureau of Street Services -
Special Purpose Fund Appropriations:
- 915,000 1,873 Arts and Cultural Facilities and Services Fund (Schedule 24) 561,073
3,454,299 3,702,000 1,874 Arts Projects 3,000,000

3,652,516 4,617,000 Total Appropriations 3,561,073
21,632,991 20,411,991 Ending Balance, June 30 -

The actual fund transfer to Schedule 24 shall directly charge development project accounts.

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