Page 339 - FY 2021-22 Proposed Budget

SPECIAL PURPOSE FUND SCHEDULES
SCHEDULE 33
CANNABIS REGULATION SPECIAL REVENUE TRUST FUND
Section 5.586 of the Los Angeles Administrative Code (LAAC) establishes the Department of Cannabis Regulation Cannabis
Regulation Trust Fund. This fund receives monies from fees paid for the licensing and permitting of new and existing cannabis
retailers, cultivators, distributors, and manufacturers in the City of Los Angeles pursuant to Chapter 10, Articles 4 and 5 of the Los
Angeles Municipal Code (LAMC). The Fund is administered by the Department of Cannabis Regulation to pay for salaries, expenses,
equipment, materials, and services in support of the Department's functions relating to those services for which fees are paid into the
Fund.
Total
Actual Estimated Budget
2019-20 2020-21 2021-22
REVENUE
6,626,975 4,760,112 Cash Balance, July 1 16,513,678
6,626,975 4,760,112 Balance Available, July 1 16,513,678
3,000,000 - 11,759 General Fund 3,000,000
4,581,483 23,402,000 11,791 Permit Fees 22,000,000
- 7,876,668 11,824 State Grants -
183,570 335,806 11,842 Interest 358,182
14,392,028 36,374,586 Total Revenue 41,871,860

EXPENDITURES APPROPRIATIONS
3,238,389 3,674,000 79 Cannabis Regulation 5,212,982
20,000 7,000 87 City Administrative Officer -
573,129 455,000 111 City Attorney 644,478
38,208 57,000 127 City Clerk 62,621
65,731 - 149 City Planning -
519,683 900,000 331 Finance 521,647
103,873 104,000 383 General Services 103,873
12,461 32,000 455 Information Technology Agency -
97,632 176,000 513 Personnel 363,483
- - 541 Police 451,008
195,444 182,000 847 Capital Finance Administration 180,638
Special Purpose Fund Appropriations:
- 8,688,000 1,231 Social Equity Program 6,938,334
4,767,366 5,585,908 1,232 Reimbursement of General Fund Costs 7,045,779
- - 10,512.25 Reserve for Future Costs 20,347,017

9,631,916 19,860,908 Total Appropriations 41,871,860

4,760,112 16,513,678 Ending Balance, June 30 -

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