Page 327 - FY 2022-23 Proposed Budget

SPECIAL PURPOSE FUND SCHEDULES
SCHEDULE 25
ARTS DEVELOPMENT FEE TRUST FUND
Section 5.346 of the Los Angeles Administrative Code establishes the Arts Development Fee Trust Fund. The owners of any non-
residential development project over $500,000 in value shall pay a fee not exceeding one percent of the total value of work and
construction authorized by the building permit. The fee is used to provide cultural and artistic facilities, services, and community
amenities for the project. If private facilities, services, and community amenities for cultural and artistic purposes are provided in the
proposed development project, then a dollar-for-dollar credit may be granted against the Arts Development Fee.
Total
Actual Estimated Budget
2020-21 2021-22 2022-23
REVENUE
21,613,825 21,861,212 Cash Balance, July 1 21,464,212
Less:
- - PYUNEXPAPPR1 Prior Years' Unexpended Appropriations 21,168,659
21,613,825 21,861,212 Balance Available, July 1 295,553
2,210,892 2,000,000 11,727 Arts Development Fee 2,000,000
160,201 400,000 11,806 Reimbursement from Other Agencies 500,000
280,172 250,000 11,842 Interest 251,131
24,265,090 24,511,212 Total Revenue 3,046,684

EXPENDITURES APPROPRIATIONS
26,790 - 393 General Services -
8,500 - 663 Bureau of Street Lighting -
Special Purpose Fund Appropriations:
- 316,000 1,873 Arts and Cultural Facilities and Services Fund (Schedule 24) 546,684
2,368,588 2,731,000 1,874 Arts Projects 2,500,000

2,403,878 3,047,000 Total Appropriations 3,046,684
21,861,212 21,464,212 Ending Balance, June 30 -

The actual fund transfer to Schedule 24 shall directly charge development project accounts.

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