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Receive Reports for Discussion from the (1) Assets Ad Hoc Subcommittee, (2) Structural Revenue Review Ad Hoc Subcommittee, (3) FAC Anniversary Ad Hoc Subcommittee, (4) City Council Engagement Ad Hoc Subcommittee; (5) Affordable Housing Ad Hoc Subcommittee, and (6) Provide Direction to Staff, if Deemed Appropriate
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Meeting Date: July 12, 2023
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 (07/05/2023)
Departmental Approval: Lisa Soghor, Chief Financial Officer 07/05/2023)
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RECOMMENDATION
Staff recommends that the Finance Advisory Committee (FAC) receive reports for discussion from the (1) Assets Ad Hoc Subcommittee, (2) Structural Revenue Review Ad Hoc Subcommittee, (3) FAC Anniversary Ad Hoc Subcommittee, and (4) City Council Engagement Ad Hoc Subcommittee, (5) Affordable Housing Ad Hoc Subcommittee, and (6) provide direction to staff, if deemed appropriate.
BACKGROUND / DISCUSSION
In keeping with the FAC Fiscal Year 2023 Work Plan, the following FAC ad hoc subcommittees will offer reports for discussion, recommendations, and next steps:
* 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, Jones, Lachman
o Purpose: This ad hoc subcommittee was established to identify and review all current revenue sources in the City.
* FAC Anniversary Ad Hoc Subcommittee
o Members: Griffing, Jacobsen, Menthe
o Purpose: This ad hoc subcommittee was established with the g...
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