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CC:SA:HA:PA:CCPFA - PUBLIC HEARING: (1) Adoption of a City Council Resolution Approving and Adopting the Annual Appropriations Limit for Fiscal Year 2026-2027; (2) Adoption of Respective Resolutions Adopting the Fiscal Year 2026-2027 Budget for the City of Culver City, the Successor Agency to the Culver City Redevelopment Agency, the Culver City Housing Authority, the Culver City Parking and the Culver City Public Finance Authority; (3) Adoption of a Resolution Approving Salary Schedules for Miscellaneous Employees, Police Safety Employees and Fire Safety Employees Effective June 29 , 2026; and (4) Adoption of a City Council Resolution Authorizing a Decrease to the Contingency Reserve Below Established Target and Rescinding Resolution No. 2025-R052 Establishing a Committed Reserve for the Loan to Community Corp of Santa Monica (CCSM).
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Meeting Date: June 8, 2026
Contact Person/Dept: Stephen Agostini, Chief Financial Officer
Michael Towler, Finance Manager
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 (06/04/2026)
Department Approval: Stephen Agostini, Chief Financial Officer (06/04/2026)
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RECOMMENDATION
Staff recommends (1) adopt a resolution approving and adopting the Annual Appropriations Limit for Fiscal Year 2026-2027; (2) the City Council and the Boards of the Successor Agency to the Culver City Redevelopment Agency (Successor Agency), Culver City Housing Authority (Housing Authority), the Culver City Parking Authority (Parking Authority), and the Culver City Public Financing Authority (collectively, "Boards") adopt respective resolutions approving the Fiscal Year 2026-2027 Budgets for the City of Culver City, Successor Agency, Housing Authority, Parking Authority and the Public Financing Authority; (3) t...
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