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Council reviews special revenue funds: court tech, grants, forfeiture, venue and street funds inform budget choices
Summary
Finance staff walked council through special revenue funds—court technology, court security, grants, asset forfeiture/seizure, hotel tax, venue tax, sewer and street funds—explaining permitted uses and projected revenues, and how those funds affect the general fund and reserves.
During a budget workshop, Finance Director Fred reviewed Hollywood Park’s special revenue funds in detail, explaining what each fund can be used for, the projected revenue for the coming year and how reserves are allocated across funds.
Court-related funds: Fred told council the Court Technology Fund (Fund 110) is expected to receive roughly $9,000 in fines and $2,000 in interest and can cover court-related technology and some police telephone costs tied to court activity. A separate Court Security Fund projects about $20,000 in revenues and holds roughly $40,000 in reserves for court-security capital needs.
Grants and donations: Fund 130 holds grants and donations for police and fire; staff projected about $75,000 in police grants (body cameras, ballistic plates and related equipment) and $15,000 in fire grants for training and…
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