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Receive Reports for Discussion from the (1) Assets Ad Hoc Subcommittee, (2) Structural Revenue Review Ad Hoc Subcommittee, (3) Affordable Housing Ad Hoc Subcommittee; and (4) Provide Direction to Staff, if Deemed Appropriate
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Meeting Date: July 9, 2025
Contact Person/Dept: James Lambert/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 (07/02/2025)
Departmental Approval: Lisa Soghor, Chief Financial Officer (07/01/2025)
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BACKGROUND / DISCUSSION
In keeping with the FAC Fiscal Year 2024-2025 Work Plan, the following FAC Ad Hoc Subcommittees will offer reports for discussion, recommendations, and next steps:
• Assets Ad Hoc Subcommittee
o Members: Bauer, Griffing, Lachoff, Thakur
o Purpose: This Ad Hoc Subcommittee was established to analyze real property assets for Culver City, including but not limited to opportunities to maximize revenue at parks.
• Structural Revenue Review Ad Hoc Subcommittee
o Members: Austin, Jones, Lachman, Rajiv
o Purpose: This Ad Hoc Subcommittee was established to identify and review all current revenue sources in the City.
• Affordable Housing Ad Hoc Subcommittee
o Members: Austin, Bauer, Jones, Lachman
o Purpose: This Ad Hoc Subcommittee was established to formulate a speaker series on the economics of affordable housing and identify potential speakers.
o The Ad Hoc Subcommittee was formed on April 12, 2023.
ATTACHMENTS
None.
MOTION
None.