A. Creation and Administration of Fund. There is hereby created within the Treasury of the City of Los Angeles a special fund known as the Vermont/Western Station Neighborhood Area Plan Child Care Trust Fund, referred to in this chapter as the Child Care Fund or Fund. The Department of Recreation and Parks (Department) with the concurrence of the President of the City Council shall administer, have overall management of and expend funds from the Child Care Fund in accordance with the provisions of this chapter. The Department with the concurrence of the President of the City Council shall also administer the Fund in accordance with established City practice and in conformity with Government Code Section 66000, et seq. All interest or other earnings from money received into the Child Care Fund shall be credited to the Fund and devoted to the purposes listed in this chapter.
B. Purpose. The Child Care Fund shall be used for the deposit of money paid to the City of Los Angeles pursuant to the Vermont/Western Station Neighborhood Area Specific Plan and any other money appropriated or given to this Fund for the creation or development of child care programs or facilities in the Vermont/Western Station Neighborhood area.
C. Expenditures. Except as set forth below, Child Care Funds collected pursuant to the Vermont/Western Station Neighborhood Area Specific Plan and any other monies placed in this Fund shall be expended only for the purpose of acquiring facilities, developing, improving, and operating child care programs physically located within the boundaries of the Vermont/Western Station Neighborhood Area Specific Plan area, and providing financial assistance with child care payments to qualifying parents in the area, as determined by the Department.
The Department with the concurrence of the President of the City Council is authorized to make expenditures from this Child Care Fund in accordance with the Vermont/Western Station Neighborhood Area Plan and the Vermont/Western Station Neighborhood Area Plan Development Standards and Design Guidelines. Administration of the Fund and expenditures from the Fund shall also be in compliance with the requirements in Government Code Section 66000, et seq., including the following:
1. The Department shall deposit all monies received pursuant to the Vermont/Western Station Neighborhood Area Specific Plan in the Fund and avoid any commingling of the monies with other City revenues and funds, except for temporary investments, and expend those monies solely for the purpose for which it was collected. Any interest income earned by monies in the Fund shall also be deposited in that Fund and shall be expended only for the purpose for it was originally collected.
2. The Department shall, within 180 days after the last day of each fiscal year, make available to the public all the information required by Government Code Section 66006(a).
3. The City Council shall review the information made available to the public pursuant to Subdivision 2. within the time required by Government Code Section 66006, and give notice of that meeting as required by that section.
4. When required to do so by Government Code Section 66001(e) and (f), the City Council shall authorize refunds of payments made to the Child Care Fund.
D. Reporting. The Department shall report annually to the City Council and Mayor, identifying and describing in detail, receipts and expenditures of the Fund. The Department shall submit each annual report within 60 days after the close of the fiscal year covered in the report.
SECTION HISTORY
Chapter and Section Added by Ord. No. 173,963, Eff. 6-18-01.
Amended by: Ord. No. 181,192, Eff. 7-27-10.
Repealed by Ord. No. 187,475, Eff. 6-9-22.
Added by Ord. No. 187,966, Eff. 10-3-23.