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File #: 25-1210    Version: 1 Name: Public Hearing - Budget FY 25-26 Budget/Gann Public Hearing FY 25-26
Type: Public Hearing Status: Public Hearing
File created: 5/23/2025 In control: City Council Meeting Agenda
On agenda: 6/9/2025 Final action:
Title: CC:SA:HA:PA - PUBLIC HEARING: (1) Receipt of Presentation on the Status of Job Vacancies per Assembly Bill (AB) 2561; (2) Adoption of a City Council Resolution Approving and Adopting the Annual Appropriations Limit for Fiscal Year 2025-2026; (3) Adoption of Respective Resolutions Adopting the Fiscal Year 2025-2026 Budget for the City of Culver City, the Successor Agency to the Culver City Redevelopment Agency, the Culver City Housing Authority, and the Culver City Parking Authority; (4) Adoption of a Resolution Approving Salary Schedules for Miscellaneous Employees, Police Safety Employees and Fire Safety Employees Effective July 1, 2025; (5) Adoption of Resolution Approving Use of the City's Contingency Reserve Funds; and (6) Adoption of Resolution Amending City Council Policy 5002, Financial Policies, to Establish a Committed Reserve for Jubilo Village in the Amount of $12 million.
Attachments: 1. 2025-06-09 ATT 1 - Proposed Resolution for Annual Appropriation Limit and Related Exhibits and Schedule I.pdf, 2. 2025-06-09 ATT 2 - City Council Budget Resolution and related Exhibits A - G.pdf, 3. 2025-06-09 ATT 3 - Successor Agency to the Culver City Redevelopment Agency Budget Resolution.pdf, 4. 2025-06-09 ATT 4 - Housing Authority Budget Resolution.pdf, 5. 2025-06-09 ATT 5 - Parking Authority Budget Resolution.pdf, 6. 2025-06-09 ATT 6 - Adjustments to the City's Proposed Budget Fiscal Year 2025-2026.pdf, 7. 2025-06-09 ATT 7 - Salary Schedule Resolution and related Exhibit A.pdf, 8. 2025-06-09 ATT 8 - Resolution Authorizing Decrease of Contingency Reserve Below Target for FY 25-26.pdf, 9. 2025-06-09 ATT 9 - Resolution Amending Council Policy 5002 Financial Policies Establishing Jubilo Village Reserve.pdf

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CC:SA:HA:PA - PUBLIC HEARING: (1) Receipt of Presentation on the Status of Job Vacancies per Assembly Bill (AB) 2561; (2) Adoption of a City Council Resolution Approving and Adopting the Annual Appropriations Limit for Fiscal Year 2025-2026; (3) Adoption of Respective Resolutions Adopting the Fiscal Year 2025-2026 Budget for the City of Culver City, the Successor Agency to the Culver City Redevelopment Agency, the Culver City Housing Authority, and the Culver City Parking Authority; (4) Adoption of a Resolution Approving Salary Schedules for Miscellaneous Employees, Police Safety Employees and Fire Safety Employees Effective July 1, 2025; (5) Adoption of Resolution Approving Use of the City's Contingency Reserve Funds; and (6) Adoption of Resolution Amending City Council Policy 5002, Financial Policies, to Establish a Committed Reserve for Jubilo Village in the Amount of $12 million.


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Meeting Date: June 9, 2025

Contact Person/Dept: Lisa Soghor/Finance Department

Phone Number: (310) 253-5865

Fiscal Impact: Yes [X] No [] General Fund: Yes [X] No []

Attachments Yes [X] No []

Public Notification: (E-Mail) Meetings and Agendas - City Council (06/05/2025)

Department Approval: Lisa Soghor, Chief Financial Officer (06/03/2025)
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RECOMMENDATION

Staff recommends (1) the City Council receive a presentation of the status of job vacancies per AB 2561; (2) the City Council adopt a resolution approving and adopting the Annual Appropriations Limit for Fiscal Year 2025-2026; (3) the City Council and the Boards of the Successor Agency to the Culver City Redevelopment Agency (Successor Agency), Culver City Housing Authority (Housing Authority), and the Culver City Parking Authority (Parking Authority) (collectively, "Boards") adopt respective resolutions approving the Fiscal Year 2025-2026 Budgets for the City of Culver City, Successor Agency, Housing Authority, and...

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