Los Angeles
City Council
Agenda Item 79
(79) 130933S8 COMMUNICATION FROM THE DEPARTMENT OF CULTURAL AFFAIRS (DCA) relative to the updated annual Expenditure Plan and Fee Status (DCA) relative to the updated annual Expenditure Plan and Fee Status Report for the Arts Development Fee (ADF) Program for Fiscal Year (FY) 202425. Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: 1. APPROVE the public art project commitments and associated findings relative to a total of $907,781 comprised of “Priority Fees” as identified in the FY 2024/2025 ADF Expenditure Plan and Fee Status Report, attached to the Council file. 2. INSTRUCT the DCA to update the accrued interest to each of the appropriation accounts, within Fund 516, to be used in tandem with the original ADF fee collected. 3. AUTHORIZE the City Controller to approve the interest appropriations, within Fund 516, recommended by the DCA. Fiscal Impact Statement: The DCA reports that there is no financial impact to the City’s General Fund. Community Impact Statement: None submitted (The Neighborhoods and Community Enrichment Committee waived consideration of the above matter.)