Page 31 - FY 2022-23 Budget Summary

Personnel &

Management EXPANDING THE CITY’S HIRING CAPACITY

Additional staffing is provided to the Personnel
Department to increase their ability to hire across key
areas of our City government, including in the Public
Works Bureaus, Housing Department, and Department
of Transportation.

OFFICE OF WORKPLACE EQUITY

Funding is included for the City’s Equity Review Panel
pilot and Citywide Inclusion Plan, which will ensure that
the City is a safe, inclusive workplace and that our
workforce represents the diversity of Los Angeles.

PUBLIC SAFETY RECRUITMENT

Increased number of Background Investigators to
ensure that candidates are suitable for public safety
employment.

Budget &

Finance STRENGTHENING OUR FINANCIAL STANDING
In order to build our fiscal resilience and ensure City
services are not impacted in the face of unexpected
financial stress, the Proposed Budget includes a
Reserve Fund of 6.25%, exceeding the 5% minimum
prescribed by the City’s Financial Policies. The Budget
Stabilization Fund is proposed at $182.6 million. This
Fund exists to protect the City from financial shocks
due to changing economic circumstances. The Reserve
Fund and the Budget Stabilization Fund, plus a $10
million proposed Mid-Year Reserve, equate to a total of
8.8% in Cumulative Reserves.

A NEW CITYWIDE REVENUE MANAGEMENT UNIT

This budget establishes a new division in the Office of
A WELL-RUN CITY departments and, in doing so, ensure the City collects
Finance to fulfill the Department’s responsibility to
efficiently organize revenue collection across City

all outstanding receivables owed.

FY 22-23 PROPOSED BUDGET | 29