Special Funds

In The Balance

Financial Report on the City's Special Funds

 

Special Funds Report Cover

The City of Los Angeles has more than 700 special funds, with a collective balance of $4.1 billion. While special funds make up close to half the City’s treasury, nearly 600 funds are not included in the annual budget. Currently, there are no standard policies or procedures for creating, using, reviewing, repurposing or closing special funds, resulting in a tangled web of accounts and a considerable amount of money sitting untouched that could be spent on vital City services.

Click here to read the full report on Special Funds.

Click here to view the full listing of All City Funds for Fiscal Year 2017-18.

Click here to view the full listing of All City Funds (current).

 

 

 

 


Special Funds

 

Who manages the City's special funds?

The City’s approach to special fund management is decentralized. Each City department oversees a number of special funds and applies its own rules, with some in charge of many and others very few. Special funds are categorized as fulfilling one of 12 distinct functions. Review where special funds were located and their purposes directly below.

 

 

All figures reported here are from the end of Fiscal Year 2017 - 18 (June 30, 2018).
Click here to view the full listing of All City Funds for Fiscal Year 2017-18.

Click here to view the full listing of All City Funds (current).

 


Idle Funds

 

What about special funds that are not used?

If a special fund is dormant with no expenditures for three or more years, it is considered idle. At the end of fiscal year 2018, 188 special funds with more than $31 million were idle. This money could be used to increase City services, including street improvements and public safety.

 

 

 

All figures reported here are from the end of Fiscal Year 2017 - 18 (June 30, 2018).
Click here to view the full listing of All City Funds for Fiscal Year 2017-18.

Click here to view the full listing of All City Funds (current).

 


 

All City Funds

 

What is the current status of special funds?

This special funds report reviews the funds as of June 30, 2018, but the Controller’s office keeps up-to-date data on all the City's funds on our open data portal. Use the links below to access the data on All City Funds as of today by function or search All City Funds by keyword here.

 

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Arts/Culture/Tourism

Debt Service

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Housing & Homelessness

Parks

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Public Works

Sanitation & Environment

Social Services

Streets

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