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Sec. 5.111.2. Creation and Administration of the Fund.
 
   (a)   There is hereby created and established within the Treasury of the City of Los Angeles a special fund to be known as the “Cultural Affairs Trust Fund”, hereinafter referred to as the “Fund”.
 
   (b)   The Fund shall be used to augment established programs and activities of the Department, and may be used for the purchase of equipment or furnishings in support of ongoing cultural programs, subject to any special terms or conditions of individual gifts, contributions, or bequests, to the fund.
 
   (c)   All offers of monetary gifts, contributions or bequests accepted by the City Council or the General Manager of the Cultural Affairs Department for any of the purposes discussed above, and all fees and charges collected pursuant to Sections 22.117(c) and (f) of the Los Angeles Administrative Code, shall be placed in the Fund. Fees charged for admission to the Watts Towers, pursuant to Section 22.117(d) of the Los Angeles Administrative Code, shall be placed in the Fund and shall be allocated for programming, staffing, maintenance and restoration of the Watts Towers. Fees charged for admission to the Hollyhock House, pursuant to Section 22.117(d) of the Los Angeles Administrative Code, shall be placed in the Fund and shall be allocated for programming, staffing, maintenance and restoration of the Hollyhock House. The General Manager of the Cultural Affairs Department shall annually submit a detailed report showing amounts and general purposes for which monies in the Fund have been used.
 
   (d)   All offers of gifts, contributions, or bequests with a value of more than $50,000 shall be submitted to the Council for acceptance or rejection. All offers of gifts, contributions, or bequests of personal property, which have a value of $50,000 or less, may be accepted for and on behalf of the City by the General Manager of the Department.
 
   (e)   The Controller, at the request of the Department, shall establish a separate account for each accepted monetary gift, contribution or bequest which includes any special requirements, qualifications, or conditions for its use. All accepted monetary gifts, contributions, or bequests which do not include special requirements, qualifications, or conditions for use shall be placed in a general account established by the Controller for this purpose.
 
   (f)   The fund shall be administered and expenditures shall be authorized by the General Manager of the Department or his designee in accordance with established City practice. The General Manager of the Department shall not utilize the fund for purposes which are contrary to the budgetary policy for the Department as established by the Mayor and Council.
 
   (g)   The General Manager of the Department shall report to the Council semiannually, commencing on October 1 with respect to all receipts placed into the fund, the source thereof and all expenditures from the fund and the purposes thereof.
 
   (h)   Fees charged for the registration of Original Art Murals, pursuant to Section 22.116(b) of the Los Angeles Administrative Code, shall be placed in the Fund and allocated for mural registration program implementation.
 
   (i)   The rental and use fees collected pursuant to Section 22.117(i) of this Code shall be placed in the Cultural Affairs Trust Fund (Fund No. 844, Department 30). The fees shall be allocated for staffing, programming, and maintenance of theaters managed by the Cultural Affairs Department.
 
   (j)   Funds do not transfer to the General Fund at the end of the fiscal year.
 
   This Cultural Affairs Department Trust fund is the successor to the Department of Municipal Arts Trust Fund which was created by Ordinance number 153,179. All funds in the Department of Municipal Arts Trust fund on the operative date of this ordinance shall be, and hereby are transferred to the Cultural Affairs Department Trust Fund and may be expended for any purpose for which they could have been expended under the Municipal Arts Trust Fund.
 
SECTION HISTORY
 
Added by Ord. No. 153,179, Eff. 1-13-80.
Amended by: Ord. No. 153,893, Eff. 6-30-80, Oper. 7-1-80; Subsec. (d), Ord. No. 158,975, Eff. 6-30-84; Subsec. (c), Ord. No. 160,602, Eff. 1-31-86; Subsec. (d), Ord. No. 175,312, Eff. 8-4-03; Subsec. (c), Ord. No. 181,815, Eff. 8-28-11; Subsec. (h) added, Ord. No. 182,706, Eff. 10-12-13; Subsec. (c), Ord. No. 183,821, Eff. 10-3-15; Subsecs. (i) and (j) added, Ord. No. 186,388, Eff. 12-9-19.