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File #: 22-201    Version: 1 Name: CC - FAC Measure CC & C FY21Q3 Status Reports
Type: Minute Order Status: Consent Agenda
File created: 8/11/2021 In control: City Council Meeting Agenda
On agenda: 9/13/2021 Final action:
Title: CC - Receipt and Filing of FY2020/2021 3rd Quarter Measure CC and C Sales Tax Status Reports as Approved by the Finance Advisory Committee
Attachments: 1. 2021_09_13_ATT - Measure CC Status Report - XXIX, 2. 2021_09_13_ATT - Measure C Status Report - VIII
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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CC - Receipt and Filing of FY2020/2021 3rd Quarter Measure CC and C Sales Tax Status Reports as Approved by the Finance Advisory Committee

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Meeting Date: September 13, 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: [] Attachments: [X]

Public Notification: (E-Mail) Meetings and Agendas - City Council (09/08/2021); (Email) Meetings and Agendas - Fiscal and Budget Issues (09/08/2021)

Departmental Approval: Onyx Jones, Chief Financial Officer (08/16 /2021)
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RECOMMENDATION

Staff recommends the City Council receive and file the attached FY2020/2021 3rd Quarter Measure CC and Measure C Sales Tax Status Reports as approved by the Finance Advisory Committee (FAC).


BACKGROUND/DISCUSSION

Item 2 on the FAC Work Plan is to: "Develop a methodology to analyze Measure CC proceeds and report the results to the public." In March 3, 2020, Culver City residents voted in support of the continuation of the Measure Y half-cent sales tax under ballot Measure CC, effectively extending the 1/2 cent sales tax through 2033. As a result of the approval, the extension of this Measure in turn shall now be referred to as Measure CC. Additionally, Item 6 of the Work Plan states that the FAC will "provide quarterly reports to the City Council on the One-quarter Cent Local Transactions and Use Tax Measure proceeds", named Measure C.

The Measure CC Status Report is the twenty-eighth report being presented by the FAC; the Measure C Status Report is the seventh report, representing revenue through the third quarter of the 2020/2021 Fiscal Year (January 2021 - March 2021), which illustrates shifting impacts of COVID-19.

These reports are on the City's webpage and are updated quarterly with graphic representations of budget versus a...

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