Los Angeles City Controller Ron Galperin released a report Thursday that outlines $28 million in unspent public funds allocated for specific purposes that have remained unused for years.

Up to 90 percent of the city’s treasury is made up of 830 special purpose funds created with specific restrictions on how they can be spent, and the report found 123 funds totaling $28.2 million that have sat unused for a minimum of four years, with some funds untapped for more than 10 years.

Galerpin said the way the special funds are set up makes it easy for money to be ignored or go unspent.

“When the city generates and collects taxes, fees, grants and other monies, it is vital that Angelenos know the funds are being put to good and timely uses,” Galperin said. “It is shocking that as we deal with crises on multiple fronts — from homelessness to housing — vital public funds we can and should be spending remain idle.

“Taxpayers deserve better and will greatly benefit from a transformation of the city’s management and use of special funds,”he said. “That is why I am putting out all of our findings online to showcase as much open data as possible. Open data is a tool for democracy and a vital starting point for trust in government.”

Councilman Paul Krekorian, chair of the Budget and Finance Committee, said the council will take the steps needed to start using the funds.

“At a time when the city is trying to work more cost-effectively than ever, and we are trying to restore services that were cut in the Great Recession, we cannot afford to leave any funds sitting idle,” Krekorian said.

“Identifying and capturing restricted funding sources that have been untapped for years will create new opportunities to restore essential services for Angelenos,” he said. “With the benefit of the controller’s report, the council will take the necessary policy steps to assure that these funds can be utilized toward our city’s priorities and improving the quality of life for all residents. It has been a pleasure partnering with Controller Galperin for the last five years to get this done, and I appreciate the meticulous work he and his staff have put into this report.”

Galperin said the unused funds can be used for street improvements, economic development and public safety services. The idle funds are in the following categories:

— $7.6 million for street improvements;

— $7.6 million for parks;

— $5.1 million for affordable housing;

— $3.8 million for economic development;

— $2.4 million for public safety;

— $806,000 for public works;

— $406,000 for social services; and

— $227,000 for arts programming.

Galperin also said he is developing a plan to present recommendations for managing and consolidating all the city’s special funds, with a report slated to be released in the fall.

The current report can be viewed in full at www.lacontroller.org/idlefunds.

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