(a) There is hereby created within the Treasury of the City of Los Angeles a trust fund known as the “City Employees Ridesharing Fund,” hereinafter referred to in this Chapter as the “Fund.”
(b) All monies received by the City in each fiscal year from City employees for parking privileges at all City owned lots, or privately owned lots where the City leases space for parking by City employees, shall be deposited in the City Employees Ridesharing Fund. Other monies to be deposited in this Fund shall include all monies collected from City employees for fares in City operated vanpools and for approved personal use of vanpool vehicles; and monies secured from grants or other rideshare incentive programs.
(c) All interest or other earnings attributable to monies in the Fund shall be credited to the Fund.
(d) All monies deposited in the Fund shall be used to pay for costs, exclusive of salaries, incurred in the City employees ridesharing program, to provide for ridesharing enhancements that reduce City employee private vehicle usage in commuting to and from work.
(e) The Fund shall be administered and expenditures shall be authorized by the General Manager of the Personnel Department in accordance with established City practice, provided, however, that no expenditure shall be made from the Fund for any purpose which is contrary to the budget policy of the Personnel Department, as established by the Mayor and City Council with respect to the Fund.
(f) Monies not expended from the Fund in any fiscal year shall not revert to the Reserve Fund, but shall remain in the Fund.
(g) The General Manager of the Personnel Department shall report to the City Council regarding the Fund on an annual basis, within 90 days after the close of the City’s fiscal year. Such report shall identify all receipts into, and all expenditures out of, the Fund, as well as the purposes for which the expenditures were made.
SECTION HISTORY
Added by Ord. No. 166,957, Eff. 6-19-91, Oper. 7-1-90.
Amended by: Subsec. (b), Ord. No. 176,954, Eff. 10-23-05, Oper. 7-1-05.