Page 558 - FY 2021-22 Adopted Budget file_Neat

HARBOR DEPARTMENT

APPROPRIATIONS (Continued)
Adopted Adopted
Budget Estimated Budget
Expenditures Appropriation Expenditures Appropriation
2019-20 2020-21 2020-21 2021-22

$ 19,109,029 $ 18,295,716 $ 18,296,000 Capitalized Expenditures (8)................................................... $ 19,491,318
9,148,155 -- -- Land and Property Acquisition................................................ --

7,741,597 8,336,131 7,641,000 Equipment Purchases ........................................................... 6,165,809

80,062,127 160,252,844 * 132,377,000 Construction and Capital Improvements ................................ 188,692,952

$ 116,060,908 $ 186,884,691 $ 158,314,000 Total Capital Budget......................................................... $ 214,350,079
$ 426,889,563 $ 568,328,596 $ 486,263,000 Total Operating and Capital Budget................................ $ 625,700,558

$ (42,821,424) $ (12,720,934) $ (453,000) Accrual Adjustments............................................................... $ (36,196,179)

262,110,000 45,410,000 45,410,000 Debt Repayments (6)............................................................. 88,335,000
$ 646,178,139 $ 601,017,662 $ 531,220,000 Total Budget..................................................................... $ 677,839,379
Projected Year-End Balances:
65,519,544 64,426,707 66,821,000 Restricted Cash (9)............................................................. 66,579,363

928,705,939 833,715,970 ** 973,424,000 Unappropriated Balance/Carried Forward........................... 965,753,443
$ 1,640,403,622 $ 1,499,160,339 $ 1,571,465,000 Total Appropriations............................................................ $ 1,710,172,185
Note: Rounding of figures may occur.

(1) Includes Construction Fund, Debt Service Reserve Fund, China Shipping Funds, Clean Truck Fund, etc.
(2) Includes interest and investment income, pass-through grant receipts, settlements, rebates, and other reimbursements.
(3) Represents the portion of personnel salaries and related overhead for work performed on capital projects.
(4) Includes costs associated with the Clean Air Action Plan and the Clean Truck Program.
(5) Includes customer incentives, equipment rental, equipment rental maintenance, memberships, subscriptions, environmental remediation, taxes, assessments, etc.
(6) FY 2021-22 debt repayment includes $47.2 million for 8/1/21 principal pay down and $41.1 million for Series 2011AB refunding bonds transaction.
(7) Includes debt issuance costs, pass-through grant disbursements, etc.
(8) Includes overhead expenses which are allocated to capital projects.
(9) Includes Common Reserve Release estimated at $2.6 million resulting from FY 2021-22 refunding transaction for Series 2011AB bonds.

* The FY 2020/21 Adopted Budget includes a $3.8 million transfer to Other Operating Expenses from the Unappropriated Balance, a $3.3 million transfer across the various operating
expense budget categories, and a $3.4 million transfer from the Capital Budget to the Operating Expense Budget, approved by the Board in FY 2020-21. This resulted in a net
increase of $7.2 million as compared to the initially adopted budget in July 2021 of $277.8 million.

I hereby certify that this is a full copy of the Adopted Budget of the Los Angeles Harbor Department for the Fiscal Year 2021-22.

EUGENE D. SEROKA
Executive Director

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