Page 306 - FY 2022-23 Proposed Budget

SPECIAL PURPOSE FUND SCHEDULES
SCHEDULE 11
SPECIAL PARKING REVENUE FUND
The Special Parking Revenue Fund receives all monies collected from parking meters and City-owned parking lots in the City in
accordance with Division 5 of the Los Angeles Administrative Code (LAAC). Fund monies may be used for the following purposes: 1)
purchasing, leasing, installing, maintaining, operating, regulating and policing of parking meters and metered spaces, collection of
meter revenue and related expenses; 2) the purchase, improvement, and operation of off-street parking facilities; 3) the painting and
marking of streets and curbs required for the parking of motor vehicles within parking meter zones; and, 4) the payment of debt
service costs incurred for off-street parking facilities. LAAC Section 5.117 Subsection 6 allows the City to establish surplus funding
which may be transferred to the Reserve Fund for general governmental purposes, after paying, or setting aside funding for the cost
of operations and maintenance for eligible activities.
Total
Actual Estimated Budget
2020-21 2021-22 2022-23
REVENUE
23,864,089 55,585,003 Cash Balance, July 1 53,736,749
Less:
- - PYUNEXPAPPR1 Prior Years' Unexpended Appropriations 27,400,000
23,864,089 55,585,003 Balance Available, July 1 26,336,749
3,246,284 7,380,000 11,763 Hollywood and Highland Lot 745 9,000,000
20,468,073 600,000 11,768 Lease and Rental Fees 600,000
25,549 33,000 11,787 Parking Fees 33,000
3,152,429 6,800,000 11,788 Parking Lots 8,000,000
34,156,256 44,400,000 11,789 Parking Meters 45,700,000
100,152 245,000 11,840 Other Receipts 245,000
675,533 528,000 11,842 Interest 528,000
Less:
- 8,476,000 11,845 Surplus Transfer to the Reserve Fund 30,426,435
85,688,365 107,095,003 Total Revenue 60,016,314

EXPENDITURES APPROPRIATIONS
53,555 551,000 393 General Services -
238 - 465 Information Technology Agency -
21,396 334,000 701 Transportation 1,020,196
4,959,316 6,413,000 857 Capital Finance Administration 6,379,862

Special Purpose Fund Appropriations:
146,500 - 10,618.75 Blossom Plaza Easements and Improvements -
424,405 4,640,000 10,635 Capital Equipment Purchases 6,890,000
2,075,590 3,000,000 10,650 Collection Services 3,000,000
14,674,859 22,500,000 10,660 Contractual Services 23,000,000
1,356,018 2,500,000 10,701 Maintenance, Repair, & Utility Service for Off-Street Lots 2,500,000
5,648 60,000 10,712 Miscellaneous Equipment 60,000
- 360,000 10,722 Parking Facilities Lease Payments 840,000
5,012,769 5,500,000 10,725 Parking Meter and Off-Street Parking Administration 6,618,000
14,596 500,000 10,725.5 Parking Studies 500,000
120,490 - 10,737.63 Proportionate Share - Code the Curb Project -
1,018,208 1,400,000 10,747 Replacement Parts, Tools and Equipment 1,400,000
218,000 - 10,792 Transportation Grant Matching Funds -

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