Page 341 - FY 2022-23 Proposed Budget

SPECIAL PURPOSE FUND SCHEDULES
SCHEDULE 33
CANNABIS REGULATION SPECIAL REVENUE TRUST FUND
Section 5.586 of the Los Angeles Administrative Code (LAAC) establishes the Department of Cannabis Regulation Cannabis
Regulation Trust Fund. This fund receives monies from fees paid for the licensing and permitting of new and existing cannabis
retailers, cultivators, distributors, and manufacturers in the City of Los Angeles pursuant to Chapter 10, Articles 4 and 5 of the Los
Angeles Municipal Code (LAMC). The Fund is administered by the Department of Cannabis Regulation to pay for salaries, expenses,
equipment, materials, and services in support of the Department's functions relating to those services for which fees are paid into the
Fund.
Total
Actual Estimated Budget
2020-21 2021-22 2022-23
REVENUE
4,249,771 12,226,221 Cash Balance, July 1 13,669,221
4,249,771 12,226,221 Balance Available, July 1 13,669,221
- 3,000,000 11,759 General Fund -
10,484,560 12,000,000 11,791 Permit Fees 15,000,000
9,907,665 28,038,000 11,824 State Grants 6,500,000
177,518 358,000 11,842 Interest 360,000
24,819,514 55,622,221 Total Revenue 35,529,221

EXPENDITURES APPROPRIATIONS
3,469,841 4,716,000 79 Cannabis Regulation 7,487,783
560,047 600,000 113 City Attorney 1,055,270
57,117 63,000 129 City Clerk 65,491
871,982 473,000 341 Finance 686,096
103,953 104,000 393 General Services 103,873
32,524 - 465 Information Technology Agency -
88,289 363,000 523 Personnel 406,110
- 451,000 551 Police 451,008
182,372 181,000 857 Capital Finance Administration 180,844
Special Purpose Fund Appropriations:
26,750 - 1,231.63 Cannabis Public Information, Education and Outreach -
843,471 5,726,000 1,231.72 Local Equity Grant Funding 6,500,000
- 22,312,000 1,231.73 Local Jurisdiction Assistance Grant Program -
- 3,000,000 1,231.75 Social Equity Program 2,954,769
6,356,947 3,964,000 1,232 Reimbursement of General Fund Costs 6,495,124
- - 10,512.25 Reserve for Future Costs 9,142,853

12,593,293 41,953,000 Total Appropriations 35,529,221
12,226,221 13,669,221 Ending Balance, June 30 -

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