Page 327 - 2022-23 Blue Book Vol 1

Finance

Treasury Services
Priority Outcome: Make Los Angeles the best run big city in America
This program provides management, implementation, coordination, and oversight of City treasury operations,
banking relationships, merchant services, and other depository and disbursement services to support City
departments.

Program Changes Direct Cost Positions Total Cost
Changes in Salaries, Expense, Equipment, and Special

Apportionment of Changes Applicable to Various Programs (306,837) - (430,859)
Related costs consist of employee benefits.
SG: ($306,837)
Related Costs: ($124,022)
Continuation of Services

12. Housing Merchant Service Fee Advance Funding 355,000 - 355,000
Add funding in the Bank Service Fees Account for credit card
merchant fees. Front funding is provided by the Code
Enforcement Trust Fund ($200,000), Rent Stabilization Trust
Fund ($110,000), and Municipal Housing Finance Fund
($45,000).
EX: $355,000
13. Banking Transition 205,452 - 305,460
Continue funding and resolution authority for two positions
consisting of one Treasury Accountant and one Senior
Management Analyst I to support the banking services
transition and assist in efforts to implement internal controls to
safeguard the City's financial systems. One vacant Information
Systems Manager I is not continued. Related costs consist of
employee benefits.
SG: $205,452
Related Costs: $100,008
TOTAL Treasury Services 253,615 -

D 2021-22 Program Budget 5,500,363 12
Changes in Salaries, Expense, Equipment, and Special 253,615 -
2022-23 PROGRAM BUDGET 5,753,978 12

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