JOINT CITY COUNCIL/REDEVELOPMENT AGENCY BOARD AGENDA ITEM: Review Approve Receive and File the Culver City Redevelopment Agency s State Controller s Report and Related Documents for Fiscal Year 2008 09. City of Culver City California Agenda Item Report Meeting Date: 12/14/2009 JOINT CITY COUNCIL/REDEVELOPMENT AGENCY BOARD AGENDA ITEM: Review Approve Receive and File the Culver City Redevelopment Agency s State Controller s Report and Related Documents for Fiscal Year 2008 09. Contact Person/Dept.: John Fisanotti Phone Number: (310) 253 5767 Item Number: J 2 Fiscal Impact: Yes No X General Fund: Yes No X Public Hearing: Action Item: X Attachments: X Commission Action Required: Yes No Date: _______________ Public Notification: Meetings and Agendas Redevelopment Agency (12/10/09). Department Approval: Sol Blumenfeld(12/08/09) City Attorney Approval: Carol Schwab (by H. Baker) (12/10/09) Agency General Counsel Approval: Murray Kane (12/08/09) City Manager/Executive Director Approval: Mark Scott (12/10/09) Chief Financial Officer Approval: Mark Scott (by N. Kimball) (12/10/09) RECOMMENDATION: Staff recommends that the Redevelopment Agency Board review and approve the Annual State Controller s Report for Fiscal Year 2008 09 (the Annual Report ) submit the Annual Report to the City Council and authorize its transmittal to the State Controller s Office; AND Staff recommends that the City Council receive and file the Annual Report. BACKGROUND: California Community Redevelopment Law (i.e. Health and Safety Code 33000 et. seq.) requires the Culver City Redevelopment Agency (Agency) to file a report that includes an independent audit financial statements and housing information with the State Controller s Office annually within six months of the end of the Agency s fiscal year. In Culver City that submission deadline is December 31 of each year. The financial audit determines whether the Agency s financial statements have fairly presented in all material respects its financial ...
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