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CC - ACTION ITEM: (1) Presentation on Priority-Driven Budgeting; (2) Approval of Demographics for Civic Assembly as Recommended by the Civic Assembly Ad Hoc Subcommittee; and (3) Other Direction to the City Manager as Deemed Appropriate.
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Meeting Date: January 12, 2026
Contact Person/Dept: Elizabeth Shavelson/Finance Department
Phone Number: (310) 253-5865
Fiscal Impact: Yes [] No [X] General Fund: Yes [] No []
Attachments: Yes [X] No []
Public Notification: (Email) Meetings and Agendas - City Council (01/07/2026); (Email) Ongoing Topics - Fiscal and Budget Issues (01/07/2026)
Department Approval: Lisa Soghor, Chief Financial Officer (01/06/2026)
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RECOMMENDATION
Staff recommends the City Council (1) receive a presentation on priority-driven budgeting; (2) approve the demographics for Civic Assembly as recommended by the Civic Assembly Ad Hoc Subcommittee; and (3) provide other direction to the City Manager as deemed appropriate.
BACKGROUND
Priority-Driven Budgeting
The Government Finance Officers Association (GFOA), founded in 1906, represents public finance officials throughout the United States and Canada. The association's more than 28,000 members are comprised of federal, state/provincial, and local finance officials deeply involved in planning, financing, and implementing governmental operations. GFOA's mission is to advance excellence in public finance. As part of its mission, GFOA establishes industry standards and best practices and administers an award program for excellence in financial reporting and budget presentation.
GFOA's Distinguished Budget Presentation Awards Program includes 24 criteria for award eligibility including identification of strategic goals, financial plans and priorities. In order to be eligible for the award, agencies must include a coherent statement of organization-wide, strategic goals and strategies that addre...
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