City Council

(10) 25-0600-S138\nBUDGET AND FINANCE COMMITTEE REPORT relative to the Fourth\n(Year-End) Financial Status Report (FSR) for Fiscal Year (FY) 2025-\n26.\nRecommendations for Council action, SUBJECT TO THE APPROVAL\nOF THE MAYOR:\n1. APPROVE the recommendations contained in the City\nAdministrative Officer (CAO) report dated June 2, 2026 relative\nto the Fourth (Year-End) FSR for FY 2025-26, attached to the\nCouncil file, as amended to incorporate the following CAO\nrecommendations:\na. Amend Recommendation No. 12 to state:\nAuthorize the Controller to transfer $5,240,791 from the\nDisaster Assistance Trust Fund No. 872/10, Account No.\n10C813, Federal Disaster Assistance, to the General\nFund No. 100/62, Revenue Source Code No. 5425,\nDisaster Cost Reimbursement from Federal Government,\nto repay Building and Safety Permit Enterprise Fund No.\n48R0/08 loan for activities related to the Palisades Fire.\n[Council file No. (CF) 25-0006-S48]\nb. Authorize the Controller to rescind Recommendation No.\n41 of the 2025-26 Third FSR (CF 25-0600-S133) which\nauthorized Executive Director, Bureau of Street Lighting,\nto disburse up to $1,425.90 from the Digital Inclusion\nFund to pay invoice from the Housing Authority of the City\nof Los Angeles (HACLA), and replace with the following:\ni. Authorize the Executive Director, Bureau of Street\nLighting, or designee, to disburse up to $4,611.61\nfrom the Digital Inclusion Fund, Universal\nBroadband Services Account, to pay revised Invoice\nNo. 1-2025-03-09 from the HACLA for items that\nwere purchased for Digital Inclusion Project -\nModernize HACLA Labs.\nc. Add a recommendation to transfer $217,389.35 from\nvarious accounts within the Department of Aging, Youth\nDevelopment Department, and Economic and Workforce\nDevelopment Department Fund No. 100 as follows:\nFrom:\nFund No. 100/02; Account No. 001010; Salaries, General:\n$39,975.25\nFund No. 100/02; Account No. 001070; Salaries, As-\nNeeded: $5,833.10\nFund No. 100/19; Account No. 001010; Salaries, General:\n$9,911.00\nFund No. 100/19; Account No. 001070; Salaries, As-\nNeeded: $809.00\nFund No. 100/22; Account No. 001010; Salaries, General:\n$154,233.00\nFund No. 100/22; Account No. 001070; Salaries, As-\nNeeded: $4,535.00\nFund No. 100/22; Account No. 001090; Overtime General:\n$2,056.00\nFund No. 100/22; Account No. 003310; Transportation:\n$37.00\nTotal: $217,389.35\nTo:\nFund No. 100/21; Account No. 001010; Salaries, General:\n$204,119.25\nFund No. 100/21; Account No. 001070; Salaries, As-\nNeeded: $11,177.10\nFund No. 100/21; Account No. 001090; Salaries,\nOvertime: $2,056.00\nFund No. 100/21; Account No. 003310; Transportation:\n$37.00\nTotal: $217,389.35\nd. Add a recommendation to establish a new appropriation\naccount and transfer $3,700 from the Other Programs for\nthe Aging Fund No. 410/02, Account No. 021021, Enrollee\nWages to the Other Programs for the Aging Fund No.\n410/21, Account No. 211021, Enrollee Wages.\ne. Add a recommendation to establish a new appropriation\naccounts and transfer appropriations from various funds\nand accounts totaling $42,805.26 as follows:\nFrom:\nFund No. 385/94, Proposition A Local Transit Fund;\nAccount No. 94C102, Aging: $5,906.27\nFund No. 395/02, Area Plan for the Aging Title 7 Fund;\nAccount No. 02C102, Aging: $22,776.33\nFund No. 410/02 ,Other Programs for the Aging Fund;\nAccount No. 02C102, Aging: $1,865.78\nFund No. 424/21, Community Development Trust\nFund; Account No. 21C102, Aging: 1,990.04\nFund No. 597/02, Fund for Senior Services; Account No.\n02C102, Aging: $1,162.98\nFund No. 42J/02, Senior Human Services Program\nFund; Account No. 02C102, Aging: $569.09\nFund No. 47Y/02, Health Insurance Counseling and\nAdvocacy Program Fund (HICAP); Account No. 02C102,\nAging: $835.43\nFund No. 57E/02, Supplemental Nutrition Assistance\nProgram Education; Account No. 02C102,\nAging: $2,258.84\nFund No. 67A/02, Funds for Other Aging Grants and\nMiscellaneous Programs; Account No. 02C102, Aging:\n$5,440.50\nTotal: $42,805.26\nTo:\nFund No. 385/94, Proposition A Local Transit Fund;\nAccount No. 94C121, Community Investment: $5,906.27\nFund No. 395/21, Area Plan for the Aging Title 7 Fund;\nAccount No. 21C121, Community Investment: $22,776.33\nFund No. 410/21, Other Programs for the Aging Fund;\nAccount No. 21C121, Community Investment: $1,865.78\nFund No. 424/21, Community Development Trust Fund;\nAccount No. 21C121, Community Investment: $1,990.04\nFund No. 597/21, Fund for Senior Services; Account No.\n21C121, Community Investment: $1,162.98\nFund No. 42J/21, Senior Human Services Program Fund;\nAccount No. 21C121, Community Investment: $569.09\nFund No. 47Y/21, Health Insurance Counseling and\nAdvocacy Program Fund (HICAP); Account No. 21C121,\nCommunity Investment: $835.43\nFund No. 57E/21, Supplemental Nutrition Assistance\nProgram Education; Account No. 21C121, Community\nInvestment: $2,258.84\nFund No. 67A/21, Funds for Other Aging Grants and\nMiscellaneous Programs; Account No. 21C121,\nCommunity Investment: $5,440.50\nTotal: $42,805.26\nf. Add a new appropriation account and transfer $160,861\nfrom the Workforce Innovation and Opportunity Act\n(WIOA) Fund No. 57W, Account No. 22C122, to WIOA\nFund 57W/21, Account No. 21C121, Community\nInvestment.\n2. AMEND the Fourth (Year-End) FSR as follows:\na. Reduce the transfer from the Unappropriated Balance,\nReserve for Mid-Year Adjustments to the City Attorney –\nOutside Counsel Account for outside counsel contracts by\n$4,534,723 (Attachment 6).\nb. Remove the $260,000 transfer from the Unappropriated\nBalance, Reserve for Mid-Year Adjustments Account to\nthe Bureau of Sanitation – Overtime for June 2026\n(Attachment 6).\nc. The remaining Bureau of Street Services funds in FY\n2025-26 for work going forward shall be used for\npavement preservation and curb ramps improvements as\npreviously approved in the FY 2025-26 Budget.\nFiscal Impact Statement: The CAO reports that a total of $81.45\nmillion in projected over-expenditures are identified in the Fourth\n(Year-End) FSR; and, recommends transfers, appropriations, and\nother budgetary adjustments totaling $477.35 million in Sections 1, 2,\nand 4 of said report.\nFinancial Policies Statement: The CAO reports that the\nrecommendations in said report comply with the City’s Financial\nPolicies as the recommended transactions use current revenues and\nbalances to pay for current operations.