Page 490 - 2022-23 Blue Book Vol 2

Solid Waste Resources Revenue Fund

2021-22 20221-23
Adopted Budget Proposed
Budget

SPECIAL PURPOSE FUND APPROPRIATIONS

Arbitrage – Funds provided for the arbitrage costs, as needed, for $ 40,000 $ 40,000
outstanding revenue bonds.

Central Los Angeles Recycling and Transfer Station Community 550,000 550,000
Amenities Fee – Funds are provided for financing community amenities
within Council District 14.

Debt Administration – Funds are provided for the issuance and 12,000 12,000
administration costs for revenue bonds.

Debt Service – Funds are provided for the payment of principal and interest 23,953,175 24,159,175
on outstanding revenue bonds.

Department of Water and Power Fees – Funds are provided for the costs 1,315,200 1,315,200
of billing and collection of the Solid Waste and Multi-family Bulky Item fees.

Neighborhood Empowerment Fund – Funds are provided to reimburse 60,445 -
the Department of Neighborhood Empowerment for one position that
conducts outreach at Neighborhood Councils.

Public Works – Sanitation Expense and Equipment – Funds are 113,823,671 119,214,763
provided for non-capital expenses and equipment for the Bureau of
Sanitation, which include tip fees, container replacements, and minor facility
repairs.

Utilities – Funds are provided to pay for water and electricity expenses at 1,000,000 1,000,000
Solid Resources facilities. These expenses were previously paid out of the
Citywide Water and Electricity Fund.

Reimbursement of General Fund Costs – Funds are provided to 18,621,447 19,628,734
reimburse the General Fund for fringe and central services indirect costs.
The subsidy provided by the General Fund in 2022-23 is $64,090,858.
Subtotal Special Purpose Fund Appropriations $ 159,375,938 $ 165,919,872
TOTAL APPROPRIATIONS $ 319,493,245 $ 338,739,741

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