|
Title:
|
Discussion and (If Desired) Direction Related to the Work Plan for the Finance Advisory Committee.
|
City of Culver City, California
Agenda Item Report
Meeting Date: 09/22/2014 Item Number: A-3
CITY COUNCIL AGENDA ITEM: Discussion and (If Desired) Direction Related to the
Work Plan for the Finance Advisory Committee.
Contact Person/Dept.: Jeff Muir, Finance
Department
Phone Numbers: (310) 253-5865
Fiscal Impact: Yes [] No [X] General Fund: Yes [] No []
Public Hearing: [] Action Item: [X] Attachments: [X]
Commission Action Required: Yes [] No [X] Date: _________
Public Notification: (Email) Meetings and Agendas – City Council (09/17/14);
(Email) Ongoing Topics – Fiscal and Budget Issues (09/17/14)
Department Approval:
Jeff Muir (09/15/14)
City Attorney Approval:
Carol Schwab (by H. Baker) (09/15/14)
Chief Financial Officer Approval:
Jeff Muir (09/15/14)
City Manager Approval:
John M. Nachbar (09/17/14)
RECOMMENDATION:
It is recommended that the City Council discuss the Amended Work Plan for the
Finance Advisory Committee (FAC) and (if desired) provide direction as deemed
appropriate.
BACKGROUND:
Pursuant to Section III(B) of the Finance Advisory Committee Bylaws, the FAC’s
approved Work Plan may be amended from time to time with City Council approval.
The FAC met in September with discussion of the amended Work Plan as an
agenda item. With a number of tasks from the original work plan completed, the FAC
has approved the attached amended Work Plan for City Council consideration.
DISCUSSION:
The City Council approved the Work Plan document as recommended by the FAC
with one item added at their September 23, 2013 meeting, as follows:
1. Develop a communications strategy for financial information on the City's
website.
2. Develop a methodology to analyze Measure Y proceeds and report the results to
the public.
3. Undertake a Budget Benchmarking Project to compare where and how Culver
City spends and receives money to selected similar communities. Analyze
possibilities for alternative service delivery methods.
4. Review and comment on suggested modifications to budget process.
5. Review and make recommendations for the City's current financial policies. City of Culver City, California
Agenda Item Report
6. Review and make recommendations for the long-term financial forecast.
7. Review and make recommendations for addressing storm water requirement
compliance.
8. Review current and potential utilization of assessment districts.
9. Review and make recommendations on the City's existing Business Tax
ordinance.
10. Review the current Rental Assistance Program that was formerly funded by the
Redevelopment Agency, possible funding options to continue the program, and
at what cost to other programs or functions continuing the program might come.
To date, the FAC has made a recommendation on the Rental Assistance Plan item
added by City Council (Item 10), filed two reports to the City Council communicating
the first full year of Measure Y proceeds (Item 2), commented on and approved the
recommended modifications to the budget process (Item 4), made a series of
recommendations regarding the City’s current financial policies which were
subsequently adopted by the City Council (Item 5), and reviewed the long-term
financial forecast (Item 6). Staff continues to work with a FAC subcommittee
established to deal with the subject of communication of financial information on the
website (Item 1). The FAC has received presentations on the storm water issue
from Public Works staff (Item 7), as well as on the various assessment district
options available to cities (Item 8).
In October 2013, the FAC created two Ad-Hoc Subcommittees: Policies
Subcommittee and Communications Subcommittee to begin dealing with the work
plan items. Due to the completion of the mission, both Ad-Hoc Subcommittees were
dissolved at the August 13, 2014 FAC meeting. At this meeting, a new Ad-Hoc
Revenue Opportunities Subcommittee was created to review, make
recommendations for, and potentially expand the scope of Work Plan Item #9.
At their September 2014 meeting, the FAC approved the attached Amended Work
Plan and recommended it be transmitted to the City Council. Several items from the
original work plan that have been completed are removed. The item (formerly #9)
dealing with the review of the Business Tax Ordinance has been expanded to review
revenue opportunities available to the City and not be specific to Business Tax.
The purpose of this item is for the City Council to review and discuss the amended
FAC Work Plan. The FAC also encourages the addition of any items to the Work
Plan as the City Council may see fit.
FISCAL ANALYSIS:
There is no fiscal impact from discussing and approving this item.
City of Culver City, California
Agenda Item Report
ATTACHMENT:
? FAC Amended Work Plan
MOTION:
That the City Council
Discuss the proposed FAC Work Plan and (if desired) provide direction as
deemed appropriate.
MEETING DATE: 09/22/14
AGENDA ITEM: Discussion and (If Desired) Direction Related to the
Work Plan for the Finance Advisory Committee.
ATTACHMENTS
1. FAC Amended Work Plan
1
CITY OF CULVER CITY
Finance Advisory Committee
____________________________
Culver City Employees take pride in effectively providing the highest levels of service to enrich the quality of life for the community by building on our
tradition of more than seventy-five years of public service, by our present commitment, and by our dedication to meet the challenges of the future.
PRINTED ON RECYCLED PAPER
DATE: September 10, 2014
TO: City Council
FROM: Finance Advisory Committee
SUBJECT: Revised Work Plan
Pursuant to Section III(B) of the Finance Advisory Committee Bylaws, the Committee’s approved work
plan may be amended from time to time by the City Council. With a number of tasks from the original
work plan completed, the Committee has approved the following amended list for City Council
consideration:
1. Undertake a Budget Benchmarking Project to compare where and how Culver City spends and
receives money to selected similar communities. Analyze possibilities for alternative service
delivery methods.
2. Review and make recommendations on revenue opportunities that may be available to the City.
3. Continue to provide quarterly reports to the City Council on Measure Y proceeds.
4. Continue to monitor the communications strategy of financial information on the City’s website.
5. Review and make recommendations for the annual updates to the long-term financial forecast.
6. Review and make recommendations for addressing storm water requirement compliance.
7. Review current and potential utilization of assessment districts.
The Committee considers this Work Plan to be a living document, that may be amended from time to time
as recommended by the Committee and approved by City Council. The Committee also encourages the
addition of any items to the Work Plan as the City Council may see fit.
Pursuant to approval by the City Council, along with any items the City Council may add, the Committee
looks forward to working collaboratively to complete these tasks.
Signed,
__________________________________
Goran Eriksson, Chair
CC: John Nachbar, City Manager