Page 181 - FY 2021-22 Adopted Budget file_Neat

SPECIAL FUNDS

Special Funds are used to account for revenues derived from specific taxes, fees, governmental grants, or
other revenue sources that are designated to finance particular functions and activities of the City. Special
fund revenues include charges to customers or applicants for services provided, operating grants, and
special assessments. Detailed explanations of each Special Fund can be found in Section 3 of the
Proposed Budget. Examples of special funds to be spent for a variety of restricted purposes are:

The Sewer Construction and Maintenance Fund accounts for the construction, operations, and
maintenance of the City’s wastewater collection and treatment system.

The Solid Waste Resources Revenue Fund accounts for all capital and operational activities associated
with solid waste collection, recycling, recovery, and disposal.

The Building and Safety Building Permit Enterprise Fund accounts for the fees collected for plan check,
permitting, and inspection of new construction in the City; testing of construction materials and methods;
and, examining the licensing of welders, equipment operators, and registered deputy building inspectors.

The Proposition C Anti-Gridlock Transit Improvement Fund accounts for the additional one-half cent sales
tax to improve transit service and operations, reduce traffic congestion, improved air quality and the
condition of streets and freeways utilized by public transit, and reduce foreign fuel dependence.

The Proposition A Local Transit Assistance Fund accounts for the City’s 25 percent share of the additional
one-half cent sales tax within the County of Los Angeles for public transit programs.

The Special Gas Tax Street Improvement Fund accounts for gasoline tax and Traffic Congestion Relief
Fund and federal grant revenues from the Surface Transportation Program to be used for the City’s local
streets and road system.

The Road Maintenance and Rehabilitation Program Special Fund provides increased state revenues for
California's transportation system from the State for basic road maintenance, rehabilitation, and critical
safety projects on local streets and roads system, pursuant to Streets and Highways Code section 2032(h).

The Community Development Trust Fund accounts for federal grant funds for community and economic
development within the City.

The Special Parking Revenue Fund accounts for all monies collected from parking meters in the City except
those located in established vehicle parking districts for operations of meters in the City.

Allocations from Other Governmental Agencies Special Revenue Fund is not all-inclusive because the
budget provides for only the portion of fund receipts that are expended to finance City department
operations.

Continuing appropriations for Special Funds are carried forward to the next budget year. Funds for unspent
prior-year appropriations are reserved to indicate that they are not available for new spending because they
have been committed.

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