Page 18 - FY 2022-23 Revenue Outlook

Departmental receipts are anticipated to grow by $48 million from the revised
2021-22 revenue budget which include: net increases in special fund and
proprietary department reimbursements based on updated CAP rates, vacancy,
salary and service level assumptions; increased Los Angeles County Metropolitan
Transportation Authority reimbursements with the opening of the new
Crenshaw/LAX line opening in late 2022; ambulance billings fee adjustments; and
the first two installments from the national opioid settlement. Other significant
changes to the proposed budget include increased receipts from parking citations
and the Special Parking Revenue Fund transfer as parking demand increases; an
increased Power Revenue Fund transfer in line with the Department of Water and
Power estimate; increased natural gas franchise revenue under a restructured
agreement; increased interest earnings; and new and delayed receipts from
FEMA.

The following two graphs provide a perspective on the economy and the City’s
General Fund taxes. Revised, proposed, and forecasted growth assumptions for
2021-22 through 2026-27 follow. The balance of this book provides detail on each
General Fund revenue.

8