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CC:HA:PFA – CONSENT ITEM: (1) Approval of an Agreement with KPMG LLP for a Strategic Capital Planning Assessment in a Total Amount Not to Exceed $346,000; and (2) Other Direction to the City Manager/Executive Director as Deemed Appropriate.
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Meeting Date: September 28, 2026
Contact Person/Dept: Erin Spragan/ Finance Department
Phone Number: (310) 253-6016
Fiscal Impact: Yes [] No [X] General Fund: Yes [] No [X]
Attachments: Yes [X] No []
Public Notification: (Email) Meetings and Agendas – City Council (09/24/2026)
Department Approval: Stephen Agostini, Assistant City Manager (09/22/2026)
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RECOMMENDATION
Staff recommends the City Council and the Boards of the Housing Authority and Public Finance Authority: (1) approve an agreement with KPMG LLP for a Strategic Capital Planning Assessment in a total amount not to exceed $346,000; and (2) provide other direction to the City Manager/Executive Director as deemed appropriate.
BACKGROUND
The City of Culver City maintains a diverse portfolio of capital assets, including public buildings, parks, streets, stormwater infrastructure, fleet vehicles, and technology systems. Ensuring that these assets are properly maintained, replaced, and improved requires a comprehensive and strategically prioritized approach to capital investment. Over time, deferred maintenance and evolving community needs have created a growing gap between available resources and the capital investments necessary to sustain the City's infrastructure and deliver public services effectively.
In recent years, the City Council has emphasized the importance of long-range fiscal planning and infrastructure stewardship as part of the annual budget process and the Capital Improvement Program (CIP). Staff identified the need for an independent, enterprise-wide assessment of the City's capital investment requirements to better inform decision-making, ...
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