Page 355 - FY 2021-22 Proposed Budget

SPECIAL PURPOSE FUND SCHEDULES
SCHEDULE 48
MUNICIPAL HOUSING FINANCE FUND
Monies derived from the sale of revenue bonds for multi-family residential housing developments, Section 5.120.5 of the Los Angeles
Municipal Code, are deposited into the Municipal Housing Finance Fund. Receipts are used for the purpose of acquiring, developing,
constructing and rehabilitating of single-family and multi-family residential housing developments. Proceeds are also used for the
purpose of making loans for financing or refinancing of the acquisition, development, construction and rehabilitation of single-family
and multi-family residential housing development. This fund is administered by the Housing Department.
Total
Actual Estimated Budget
2019-20 2020-21 2021-22
REVENUE
12,584,277 17,777,480 Cash Balance, July 1 20,313,480
Less:
- - PYUNEXPAPPR1 Prior Years' Unexpended Appropriations 9,038,528
12,584,277 17,777,480 Balance Available, July 1 11,274,952
3,715,362 3,476,000 11,767 Land Use Covenant Fee 3,711,000
5,645 7,000 11,779 Mortgage Application/Loan Fee 7,000
5,197,928 3,632,000 11,782 Municipal Bond Registration 4,002,000
1,383,974 1,132,000 11,796 Program Income 1,244,000
572,275 302,000 11,840 Other Receipts 300,000
298,292 298,000 11,842 Interest 298,000
23,757,753 26,624,480 Total Revenue 20,836,952

EXPENDITURES APPROPRIATIONS
- - 87 City Administrative Officer 45,357
63,122 59,000 111 City Attorney 65,444
97,388 - 149 City Planning -
- - 195 Controller 10,596
8,958 - 331 Finance -
3,333,927 3,600,000 419 Housing 4,408,763
- - 513 Personnel 168,597
Special Purpose Fund Appropriations:
48,122 - 1,990 Contract Programming - Systems Upgrades -
1,624 - 2,014 Engineering Special Service Fund -
500 - 2,069 Housing Listing Service -
2,979 - 2,130 Professional Services Contract -
264,295 275,000 2,175 Technical Contracts 224,500
- 1,000 2,180 Translation Services 1,500
- - 2,181 Unallocated 13,480,437
2,159,358 2,376,000 2,198 Reimbursement of General Fund Costs 2,431,758

5,980,273 6,311,000 Total Appropriations 20,836,952
17,777,480 20,313,480 Ending Balance, June 30 -

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