City Council

(57) 23-0600-S111 CONSIDERATION OF MOTION (RODRIGUEZ FOR BLUMENFIELD – KREKORIAN) relative to the Fiscal Year 2023-24 First Financial Status Report (FSR). Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: APPROPRIATE $4,616,909.25 from the available cash balance of the Greater Los Angeles Visitors and Convention Bureau (LATCB) Trust Fund No. 429/10 to the LA Convention and Visitors Bureau Account No. 10Y475 within that fund, and authorize the City Administrative Officer to issue payment to the LATCB for their share of 2022-23 Transient Occupancy Tax receipts pursuant to its agreement with the City. TRANSFER $500,000 from the Unappropriated Balance Fund No. 100/58, Animal Services Sterilization Trust Fund Account No. 580265, to the Animal Services Sterilization Trust Fund No. 842/06, Community Cat S/N Program, Account No. 060053, to ensure sufficient funding for the Citywide Cat Program. TRANSFER $16,741,803 between various department accounts and funds as specified in the attachment to the Motion, attached to the Council file, related to urgent transactions included in the First FSR that must be approved prior to consideration of the First FSR due to urgent contract obligations and operational needs. This amount includes $1,500,000 in time-sensitive transfers for the Los Angeles Fire Department that are not included in the FSR but are also needed prior to the consideration of the First FSR based on updated financial data through October 31, 2023.