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File #: 19-914    Version: 1 Name: Measure CW Presentation and Discussion
Type: Minute Order Status: Action Item
File created: 2/8/2019 In control: FINANCE ADVISORY COMMITTEE
On agenda: 3/13/2019 Final action:
Title: (1) Discuss Proposed Measure CW Annual Report and (2) Provide a Recommendation for Transmittal to City Council
Attachments: 1. Measure CW Informational Page
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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(1) Discuss Proposed Measure CW Annual Report and (2) Provide a Recommendation for Transmittal to City Council

 

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Meeting Date:                                            March 13, 2019

 

Contact Person/Dept:                     Erica McAdoo/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 (03/08/19)

 

Departmental Approval:                     Onyx Jones, Chief Financial Officer (03/08/19)

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RECOMMENDATION

 

Staff recommends that the Finance Advisory Committee (FAC) (1) discuss the proposed Measure CW Annual Report; and (2) provide a recommendation for transmittal to City Council.

 

 

BACKGROUND/DISCUSSION

 

During the November 8, 2016 Special Municipal Election, Culver City residents voted on Measure CW, the Clean Water, Clean Beach Parcel Tax (Measure CW).  The The Measure was approved receiving over 73% of votes in favor of raising funds improvements in water quality in Ballona Creek, Marina del Rey, Santa Monica Bay, and the Pacific Ocean. 

 

The ballot measure included language that the Finance Advisory Committee would oversee how the funds were spent, stating:  “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.” 

 

Finance Staff will provide a Measure CW Annual Report draft for review and Committee discussion for authorization to transmit to City Council.

 

 

ATTACHMENTS

 

1.                     Measure CW Annual Report

 

 

MOTION

 

That the FAC:

1.                     Hold discussion; and,

2.                     Provide a recommendation for transmittal to City Council.