Page 470 - FY 2022-23 Proposed Budget

Other Significant Revenues

Exhibit 5 depicts other revenues such as Franchise Income, Parking Fines,
Power Revenue Transfer, and Ex-CRA Tax Increment. These revenue
estimates are provided by various departments responsible for administration
of the program(s) and/or collection and transmittal of the receipts to the
General Fund.

EXHIBIT 5

OTHER SIGNIFICANT REVENUES
(amounts expressed in thousands)

% Change over
2021-22
Adopted Budget Estimated Receipts Approved Budget
FY 2022 2021-22 2022-23 2021-22 2022-23
(a) (b) (c) (b) / (a) (c) / (a)
Franchise Income $ 94,657 $ 96,571 $ 96,600 2.02% 2.05%
Parking Fines 123,621 111,443 118,655 -9.85% -4.02%
Power Revenue Transfer 225,819 225,015 225,200 -0.36% -0.27%
Ex-CRA Tax Increment 111,990 122,910 141,370 9.75% 26.23%

Franchise income is collected from City franchisees, including distributors of
natural gas, cable TV operators, and others such as official police garages.
RecycLA, the solid waste collection franchise system for commercial, industrial
and large multi-family buildings, was implemented during 2017-18 and is now
the largest element of Franchise Income. Franchise income for fiscal year
2021-2022 is estimated to be $96.6 million, and 2022-23 is projected to be
roughly the same.

The Parking Fines estimates are based on the actual collection trend.

The Department of Water and Power (DWP) provides a portion of certain
revenue from the prior year to the City as Power Revenue Transfer. DWP has
approved a transfer of $225.0 million this fiscal year. The 2022-23 forecast of
$225.2 million is based on average of low and high estimates provided by
DWP.

Ex-CRA Tax Increment current year and 2022-23 revenue is projected based
on trend analysis.

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