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All money paid into the City Treasury shall be credited to and kept in separate funds in accordance with the provisions of the Charter, the law, or ordinance. The following funds are hereby established: Fire and police general pension fund, fire and police service pension fund, new system general pension fund, new system service pension fund, general fund, harbor revenue fund, library fund, park fund, playground and recreation fund, power revenue fund, reserve fund, water revenue fund, and such bond funds, interest funds, sinking funds, trust funds, and other funds as may be required by law or ordinance. For the purposes of the Charter, the “General Fund” is established as a medium of control of and accounting for municipal activities other than activities authorized or contemplated by special funds. All revenues and receipts which are not by law or Charter pledged or encumbered for special purposes shall be credited to the “General Fund”.
SECTION HISTORY
Based on Charter, Sec. 380.
Amended by: Ord. No. 154,252, Eff. 9-11-80.
Renumbered Sec. 5.116, Ord. No. 159,509, Eff. 12-21-84.
All money collected from parking meters and revenue from public off-street parking facilities of the City of Los Angeles, administered by the Department of Transportation or under its direction, shall be placed in a separate fund which shall be a special fund to be known as the “Special Parking Revenue Fund”, which fund is hereby created and which fund together with all interest accruing thereon shall be devoted exclusively to the following purposes:
1. For the purchasing, leasing, installing, repairing, maintaining, operating, removing, regulating and policing of parking meters and parking meter spaces in the City of Los Angeles, for the collection of the receipts therefrom and for the payment of any and all expenses relating or incidental thereto. For purposes of this section, the policing of parking meters shall not include the routine and customary issuance of parking citations.
2. For the purchasing, leasing, acquiring, designing, constructing, improving, operating and maintaining of off-street parking facilities in the City of Los Angeles for the provision of parking for the public and for City employees; consistent with the purpose of the regulation of traffic and the prevention of congestion of the city streets, it is the intention of the City that off-street parking facilities be acquired or constructed within or in close proximity to the business district which parking meter zones are established, and paid for from the receipts of the off-street parking facilities and the parking meters installed on streets within or in proximity to said business districts; provided, that notwithstanding such intent, the City may pledge any and all funds in the Special Parking Revenue Fund to fund the acquisition, design, construction, operation and maintenance of a particular off-street parking facility within a parking meter zone anywhere in the City.
3. For the painting and marking of streets and curbs required for the parking of motor vehicles within parking meter zones.
4. For the repayment of any money borrowed from any other fund, or any money which has been advanced or which may be advanced by the City Council from any other fund with the intent that reimbursement be made from the Special Parking Revenue Fund.
5. For the payments of principal, interest, redemption premiums, prepayments, reserve fund replenishments, and certificate payments on any bonds, notes, other evidences of indebtedness, and certificates of participation (collectively, Financings) issued or incurred for the purposes specified in this Article and for the purpose of paying any related financing costs, including, but not limited to, bond insurance, credit enhancement, and costs of issuance. While any Financings are outstanding, first consideration for the use of money in the Special Parking Revenue Fund shall be given to the payments for the Financings, and second consideration to payments of the costs of operations and maintenance.
6. After paying, or setting aside cash for the payments of, the: (a) Financings as provided in subsection 5.; (b) costs of operations and maintenance and costs of activities in the preceding subsections 1. through 4., including the funding required for a 5-year Parking Operations and Maintenance Plan, proposed and updated annually or more often by the Department of Transportation and approved by Council, that includes the necessary maintenance, upgrades, technology and repairs of parking structures, meters, and related assets; and (c) establishment and replenishment of a contingency account for the Special Parking Revenue Fund, any residual money in the Special Parking Revenue Fund may be determined by the Council to be surplus funds for the fiscal year, beginning with Fiscal Year 2007-08, and at the direction of the Council may be transferred immediately to the Reserve Fund for any general governmental purposes. The Council shall make a determination of a surplus, if any, no later than the end of the third quarter of the subsequent fiscal year.
Notwithstanding any other provision of this section to the contrary, all fees paid to the City by City employees for parking privileges at off-street parking facilities shall be deposited in the City Employees Ridesharing Fund, as established by section 5.344 of this Code.*
* Note: This paragraph, added by Ord. No. 174,054 in 2001, was inadvertently removed from this section when the Administrative Code was republished in 2002.
SECTION HISTORY
Based on Municipal Code, Secs. 88.09 and 88.59.
Added by Ord. No. 143,157, Eff. 5-4-72.
Amended by: New Para. 5 added, former Para. 5 number changed to Para. 6, Ord. No. 148,168, Eff. 5-3-76; Para. 5, Ord. No. 149,963, Eff. 8-20-77; First Para., Ord. No. 165,007, Eff. 8-5-89. Renumbers Subsec. 6 as 8 and Subsecs. 6. and 7. added, Ord. No. 168,235, Eff. 10-16-92; Item 9 added, Ord. No. 170,606, Eff. 8-17-95; Para. 2 amended, Para. 10 added, Ord. No. 172,281, Eff. 12-14-98; In Entirety, Ord. No. 172,695, Eff. 8-9-99, Oper. 7-1-00; Para. 2, amended, Last Unnumbered Para. added, Ord. No. 174,054, Eff. 8-6-01; Subsec. 6. added, Ord. No. 176,072, Eff. 8-10-04; First Unnumbered Para. and Subsec. 5. amended, Subsec. 7 added, Ord. No. 180,460, Eff. 2-8-09; Subsec. 7 amended, Ord. No. 180,723, Eff. 7-13-09, Oper. 6-30-09; Subsec. 7 amended, Ord. No. 181,337, Eff. 11-12-10; Subsec. 7 amended, Ord. No. 182,145, Eff. 7-12-12; Subsec. 6 deleted and former Subsec. 7 amended and renumbered as Subsec. 6, Ord. No. 182,251, Eff. 10-23-12.
(a) Preliminary investigation, study, planning and mapping of proposed prospective off-street parking areas and contemplated vehicle parking districts, as described in the Streets and Highways Code of the State of California, hereinafter referred to as “Parking Districts”;
(b) Compensation for architects, engineers, drafter, attorneys, financial consultants and other persons supplying services necessary or convenient for the aforesaid preliminary investigation or for the preparation of documents and petitions in connection with Parking Districts;
(c) The cost of title searching, description writing, appraisal fees, partial reconveyance fees, surveys and sketches incident to securing properties or easements for properties or rights of way in connection with public parking.
SECTION HISTORY
Based on Municipal Code, Sec. 88.09.1.
Added by Ord. No. 143,157, Eff. 5-4-72. (Formerly Sec. 5.118 in Art. 3.)
Monies may be advanced from the Special Parking Revenue Fund for the purposes described in Section 5.117 of this Code including incidental expenses, as defined in Section 5.118, upon or by order of the City Council upon such conditions as said Council may impose, provided, however, that in the absence of Council order to the contrary, monies as advanced shall be returned to the Special Parking Revenue Fund from any monies realized from the payment of assessments, sale of bonds or from any other means of financing the acquisitions and improvement of off-street parking facilities in connection with the vehicle parking districts formed pursuant to the provisions of the Streets and Highways Code of the State of California.
SECTION HISTORY
Based on Municipal Code, Sec. 88.09.2.
Added by Ord. No. 143,157, Eff. 5-4-72. (Formerly Sec. 5.119 in Art. 3, with changes.)
(a) There is created and established in the Treasury of the City of Los Angeles a special fund to be known as the “Permit Parking Program Revenue Fund” (Fund).
(b) The purpose of the Fund shall be the receipt, retention and disbursement of funds received by the Los Angeles City Department of Transportation for the formulation, implementation, maintenance and enforcement of Preferential Parking Districts, Overnight Parking Districts, Oversize Vehicle Restricted Areas, Carshare, and other vehicle permitting functions and the administration of the permit parking programs. The Fund shall also be used for the disbursement of monies transferred into the Fund by the City Council.
(c) The Fund shall be administered by the General Manager of the Department of Transportation or the Manager’s designee(s).
(d) The Department of Transportation shall collect payments derived from the sale of parking permits to residents of Preferential Parking Districts, Overnight Parking Districts, Oversize Vehicle Restricted Areas, Carshare, and other vehicle sharing permitting functions, and remit these funds to the Treasury of the City of Los Angeles for deposit into the Fund. All interest and other earnings attributable to monies in the Fund or to any of the separate accounts within the Fund shall be credited to the Fund or to the account to which it is attributable and shall be devoted to the purposes of the Fund.
(e) The General Manager of the Department of Transportation shall inform the Controller of any special condition or restriction imposed upon any monies accepted for deposit in the Fund. The Controller shall establish a separate account in the Fund for each of the Overnight Parking Districts, Preferential Parking Districts, Oversize Vehicle Restricted Areas and the Carshare and other Vehicle sharing permits programs.
(f) The General Manager of the Department of Transportation is authorized to establish appropriate procedures to carry out the provisions of this Article.
(g) Monies not expended from the Fund at the close of any fiscal year shall not revert to the Reserve Fund, but shall remain in the Fund.
(h) The General Manager of the Department of Transportation shall maintain appropriate accounting records of the actual costs of the services rendered pursuant to the Fund.
SECTION HISTORY
Added by Ord. No. 176,861, Eff. 9-14-05.
Amended by: Article Title and Section, Ord. No. 181,918, Eff. 12-6-11.
(a) The Reserve Fund is established by Charter Section 302. Pursuant to Charter Section 302, the Reserve Fund shall include funding for unanticipated expenditures and revenue shortfalls in the City’s General Fund and includes two accounts within the Reserve Fund, the Contingency Reserve Account and the Emergency Reserve Account. It is the goal of the City Council that the amount allocated annually to the Reserve Fund, including the amount required by the Charter to be allocated to the Emergency Reserve Account, shall be not less than 5 percent (5%) of all General Fund receipts anticipated for that fiscal year in the adopted budget. The provisions and limitations applicable to the Reserve Fund, Contingency Reserve Account, and Emergency Reserve Account are set forth in Charter Section 302. However, the Charter provides that the City Council shall, by ordinance, establish policies for the use of the Contingency Reserve Account.
(b) Policies for Use of the Contingency Reserve Account. The Contingency Reserve Account shall include all monies in the Reserve Fund over and above the amount required to be allocated to the Emergency Reserve Account pursuant to Charter Section 302
. The Contingency Reserve Account will be the source of additional funding needed as a result of unanticipated expenditures and revenue shortfalls. Transfers and appropriations from the Contingency Reserve Account shall be made in compliance with Charter Sections 340 and 341 in accordance with the policy decisions and determinations made by the Council and Mayor in connection with the City budget, as revised from time to time.
SECTION HISTORY
Based on Charter Sec. 380.
Amended by: Ord. No. 173,305, Eff. 6-30-00, Oper. 7-1-00; Ord. No. 182,928, Eff. 4-12-14.
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