eComments During Meetings: When available, click here to submit eComments during a live meeting | Attendees must register here to attend all virtual meetings.

Share to Facebook Share to Twitter Bookmark and Share
File #: 21-97    Version: 1 Name: 2020 FAC Revised Work Plan for Council Approval
Type: Minute Order Status: Consent Agenda
File created: 7/22/2020 In control: City Council Meeting Agenda
On agenda: 8/3/2020 Final action:
Title: CC - Approval of and (if Desired) Direction Related to the Finance Advisory Committee Work Plan.
Attachments: 1. Proposed FAC Revised Work Plan
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
No records to display.
title
CC - Approval of and (if Desired) Direction Related to the Finance Advisory Committee Work Plan.

body
Meeting Date: August 3, 2020

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: [] Attachments: [X]

Commission Action Required: Yes [] No [X]

Public Notification: (E-Mail) Meetings and Agendas - City Council (07/30/2020); (Email) Meetings and Agendas - Fiscal and Budget Issues (07/30/2020)

Department Approval: Onyx Jones, Chief Financial Officer (07/30/2020)
____________________________________________________________________________


RECOMMENDATION

The Finance Advisory Committee (FAC) recommends the City Council review the amended FAC Work Plan for approval and if desired, provide direction as deemed appropriate.


BACKGROUND/DISCUSSION

Pursuant to Section III(B) of the Finance Advisory Committee Bylaws, the Committee's approved Work Plan may be amended from time to time with City Council approval. On August 26, 2019, City Council approved the following eight Work Plan items:

1. Review and make and make recommendations on revenue opportunities that may be available to the City, while continuing to monitor and compare to similar neighboring cities where and how Culver City spends and receives money.

2. Continue to provide quarterly reports to the City Council on Measure Y proceeds.

3. Continue to monitor the communications strategy of financial information on the City's website.

4. Review and make recommendations for the annual updates to the long-term financial forecast.

5. Review 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.

6. Provide quarterly reports to the City Council on the One-quarter Cent Local Transactions and Use Tax Measure proceeds.

7. ...

Click here for full text