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Discussion of Measure CW Reporting
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Meeting Date: January 11, 2017
Contact Person/Dept: Jeff Muir/Finance Department
Phone Number: (310) 253-5865
Fiscal Impact: Yes [] No [X] General Fund: Yes [] No [X]
Public Hearing: [] Action Item: [] Attachments: [X]
Public Notification: (E-Mail) Meetings and Agendas - Finance Advisory Committee (01/05/17)
Department Approval: Jeff Muir, Chief Financial Officer
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RECOMMENDATION
Staff recommends the Finance Advisory Committee (FAC) discuss the future reporting of Measure CW.
BACKGROUND/DISCUSSION
On November 8, 2016, Culver City residents voted in favor of the Clean Water, Clean Beach Parcel Tax (Measure CW). Measure CW was placed on the ballot by the City Council of the City of Culver City to create a dedicated source of funding to pay for water quality programs that will prevent pollution from reaching our waterways, beaches and the Ballona Creek Estuary. In effort to ensure accountability of public funds, the ballot measure included the following statement:
§5.06.055.B. On an annual basis, the City’s Finance Advisory Committee shall review the revenues and expenditures of the Parcel Tax Proceeds consistent with the City Council Adopted Budget, and submit a report of its findings to the City Council.
While charges from Measure CW will not begin to appear on tax statements until fall 2017, Staff recommends the FAC initiate discussions on the future reporting of this newly adopted measure.
ATTACHMENTS
• Ordinance 2016-013: Culver City Safe and Clean Water Protection Measure
MOTION
That the FAC:
• Discuss Measure CW Status Reporting.