Division 5 — FINANCE›Chapter 2 — GENERAL BUDGET
Los Angeles Municipal Code Art. 8 Transfer of Funds to Reserve Fund at Close of Fiscal Year
Los Angeles Municipal Code · 2026-09 edition · updated 2026-10-04 · Los Angeles
Cite as: Los Angeles Municipal Code Article 8 · Text as of 2026-10-04
5.40 Transfer of Surplus to Reserve Fund. (Charter Sec. 344.)¶
Sec. 5.40. Transfer of Surplus to Reserve Fund. (Charter Sec. 344.)
At the close of each fiscal year, the Controller and the Treasurer shall transfer all surplus money remaining in each fund over and above the amount of outstanding demands and liabilities payable out of the fund to the Reserve Fund as provided, and subject to the restrictions set forth, in Charter Section 344.
SECTION HISTORY
Based on Charter, Secs. 173(c) and 382. Amended by: Ord. No. 173,259, Eff. 6-23-00, Oper. 7-1-00.
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