Discussion of Current Economic Conditions and Effects on Culver City and Direction to Staff as Deemed Appropriate. City of Culver City California City Council Agenda Item Report Meeting Date: 10/13/08 AGENDA ITEM: Discussion of Current Economic Conditions and Effects on Culver City and Input to Staff as Deemed Appropriate. Item Number: A 1 Contact Person/Dept.: Jeff Muir CFO Fiscal Impact: Yes X No Phone Number: (310) 253 5865 General Fund: Yes X No Public Hearing: Action Item: X Attachments: Public Notification: Master E Mail Notification List (10/09/08) Department Approval: Jeff Muir (10/09/08) Chief Financial Officer Approval: Jeff Muir (10/09/08) City Attorney Approval: Carol Schwab (by H. Baker) (10/09/08) City Manager Approval: Jerry B. Fulwood (10/09/08) RECOMMENDATION: Staff recommends the City Council receive and file a brief report on current economic conditions and how they may affect Culver City and provide input to staff. BACKGROUND: At the joint meeting of the City Council and Redevelopment Agency on October 6 2008 the City Manager briefly described some proactive steps the City would be taking to protect itself from the current conditions that exist in the economy and financial markets. In order to weather these economic conditions and attempt to prevent deeper cuts in the future the City Manager informed the City Council of the following actions that are being taken: Implementation of an immediate hiring freeze excluding Public Safety positions. All vacant positions will be reviewed on a case by case basis with the City Manager. Cessation of overtime excluding Public Safety or emergency situations. All exceptions to be reviewed by the City Manager. Assessment of current usage of part time and contract employees. Assessment of current usage of consultants. The City Manager also informed City Council that a more comprehensive memo would be issued detailing these actions and that the Finance Department was in the process of putting together a budget rev...
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