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(1) Approval of Financial Reports of the Cultural Affairs Foundation for FY 2015-2016 to June 30, 2016; (2) Approval of the Schedule of Disbursements for FY 2015-2016 to June 30, 2016; (3) Review, Approve, and Recommend to the City Council Adoption of the Foundation Budget for FY 2016-2017; (4) Consideration of a Motion Approving the Transmittal of $10,000.00 in Funds to the City to Support the Technical Enhancement of Veterans Memorial Auditorium; and, (2) Consideration of a Motion Approving the Transmittal of Funds to the City to Support the 2016 Culver City Summer Concert Series.
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Meeting Date: 09/21/16
Contact Person/Dept: B. Christine Byers / Cultural Affairs Division
Phone Number: (310) 253-6003
Fiscal Impact: Yes [X] No [] General Fund: Yes [X] No []
Public Hearing: [] Action Item: [X] Attachments: []
Public Notification: Meetings and Agendas - Cultural Affairs Commission (09/15/16)
Department Approval: Serena Wright-Black, Administrative Services Director (09/15/16)
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RECOMMENDATION
Staff recommends that the Cultural Affairs Foundation Board (Board): (1) receive and file the financial information presented for Fiscal Year 2015-2016 through to June 30, 2016; (2) approve the schedule of disbursements for Fiscal Year 2015-2016 through June 30, 2016; (3) review, approve, and recommend to the City Council adoption of the Foundation Budget for FY 2016-2017; (4) adopt a motion approving the transmittal of $10,000.00 in funds to the City to support the technical enhancement of Veterans Memorial Auditorium; and, (2) adopt a motion approving the transmittal of funds to the City to support the 2016 Culver City Summer Concert Series.
BACKGROUND/DISCUSSION
Financial Reports and Schedule of Disbursements: Staff presents financial statements for review and approval by the Board at each of the Regular meetings of the Board. The financi...
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