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(1) Receive reports from the Government Efficiency Ad Hoc Subcommittee; (2) Receive reports from the Assets Ad Hoc Subcommittee; (3) Receive reports from the Structural Revenue Review Subcommittee; (4) Discuss report recommendations and determine next steps; and (5) Provide direction to staff, if deemed appropriate.
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Meeting Date:  		October 12, 2022
Contact Person/Dept:	Melissa Zak/Finance Department
Phone Number:  		(310) 253-5865
Fiscal Impact:  Yes []    No [X]			 General Fund:  Yes []     No [X]
Public Hearing:  []          Action Item:	[X]          Attachments: []    
Public Notification:   (E-Mail) Meetings and Agendas - Finance Advisory Committee (10/06/2022) 
Departmental Approval:   Lisa Soghor, Chief Financial Officer (10/06/2022) 
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RECOMMENDATION
Staff recommends that the Finance Advisory Committee (FAC) (1) receive reports from the Government Efficiency Ad Hoc Subcommittee; (2) receive reports from the Assets Ad Hoc Subcommittee; (3) receive reports from the Structural Revenue Review Subcommittee; (4) discuss report recommendations and determine next steps; and (5) provide direction to staff, if deemed appropriate.
BACKGROUND/DISCUSSION
Based on the proposed Fiscal Year 2023 FAC Work Plan, the following FAC ad hoc subcommittees will offer reports for discussion, recommendations, and next steps:
* Government Efficiency Ad Hoc Subcommittee 
o Members: Jacobsen, Griffing, Lachman, Quinn
o Purpose: This ad hoc subcommittee was established to research, implement, and continue a City Innovation Award Program to encourage employees, departments, or committee/advisory commission members to contribute towards increased efficiency, improved quality of life for Culver City residents, reduced costs and/or generated revenue, or demonstrated distinguished performance based on department goals/outcome measures. 
* Assets Ad Hoc Subcommittee 
o Members: Bauer, Griffing, La...
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