City Council

(22) 23-0923 BUDGET, FINANCE AND INNOVATION COMMITTEE REPORT relative to approving the reappropriation of prior year unexpended excess benefit funds to the current fiscal year for the Los Angeles Fire and Police Pensions (LAFPP). Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: APPROVE the reappropriation of $1,366,044.31 from the unencumbered balance within the Excess Benefit Fund No. 918/64, Account No. 649700, Fire and Police Excess Benefit, in the same amount and into the same account to fund 2023-24 excess benefit payments. AUTHORIZE the LAFPP to make technical corrections, as necessary, to implement the intent of these transactions, and authorize the Controller to implement these instructions.