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(1) Receive Reports from Current Subcommittees; (2) Discuss Recommendations from the Bylaws Subcommittee; (3) Approval of the Recommendations from the Bylaws Subcommittee for Transmittal to City Council; (4) Discuss Recommendations from the Government Efficiency Subcommittee; (5) Approval of the Recommendations from the Government Efficiency Subcommittee for Transmittal to Appropriate Body.
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Meeting Date: March 10, 2021
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: [X]
Public Notification: (E-Mail) Meetings and Agendas - Finance Advisory Committee (03/04/2021)
Department Approval: Onyx Jones, Chief Financial Officer (03/04/2021)
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RECOMMENDATION
Staff recommends that the Finance Advisory Committee (FAC) receive and discuss reports from current subcommittees, including review of recommendations from the Bylaws & Government Subcommittees for approval to transmit to the City Council and/or the appropriate body.
BACKGROUND/DISCUSSION
At the July 2020 meeting of the FAC, revisions were made to the Work Plan of the Finance Advisory Committee for transmittal to City Council for direction and/or approval. City Council approved the Work Plan at the City Council Meeting on August 3, 2020:
1. Review 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 reve...
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