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(1) Receive reports from the Government Efficiency Ad Hoc Subcommittee; (2) Receive reports from the Assets Ad Hoc Subcommittee; (3) Receive reports from the Structural Revenue Review Subcommittee; (4) Discuss report recommendations and determine next steps; and (5) Provide direction to staff, if deemed appropriate.
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Meeting Date: October 12, 2022
Contact Person/Dept: Melissa Zak/Finance Department
Phone Number: (310) 253-5865
Fiscal Impact: Yes [] No [X] General Fund: Yes [] No [X]
Public Hearing: [] Action Item: [X] Attachments: []
Public Notification: (E-Mail) Meetings and Agendas - Finance Advisory Committee (10/06/2022)
Departmental Approval: Lisa Soghor, Chief Financial Officer (10/06/2022)
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RECOMMENDATION
Staff recommends that the Finance Advisory Committee (FAC) (1) receive reports from the Government Efficiency Ad Hoc Subcommittee; (2) receive reports from the Assets Ad Hoc Subcommittee; (3) receive reports from the Structural Revenue Review Subcommittee; (4) discuss report recommendations and determine next steps; and (5) provide direction to staff, if deemed appropriate.
BACKGROUND/DISCUSSION
Based on the proposed Fiscal Year 2023 FAC Work Plan, the following FAC ad hoc subcommittees will offer reports for discussion, recommendations, and next steps:
• Government Efficiency Ad Hoc Subcommittee
o Members: Jacobsen, Griffing, Lachman, Quinn
o Purpose: This ad hoc subcommittee was established to research, implement, and continue a City Innovation Award Program to encourage employees, departments, or committee/advisory commission members to contribute towards increased efficiency, improved quality of life for Culver City residents, reduced costs and/or generated revenue, or demonstrated distinguished performance based on department goals/outcome measures.
• Assets Ad Hoc Subcommittee
o Members: Bauer, Griffing, Lachoff
o Purpose: This ad hoc subcommittee was established to analyze real property assets for Culver City, including but not limited to opportunities to maximize revenue at parks.
• Structural Revenue Review Ad Hoc Subcommittee
o Members: Bauer, De Matos, Jones, Lachman
o Purpose: This ad hoc subcommittee was established to identify and review all current revenue sources in the City.
ATTACHMENTS
• None
MOTION
That the FAC:
1. Receive reports from current subcommittees;
2. Discuss report recommendations and determine next steps;
3. Provide direction to staff, if deemed appropriate.