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File #: 22-202    Version: 1 Name: FAC - Proposed FY2021/2022 Work Plan
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 - Approval of and (if Desired) Direction Related to Proposed Amendments to the Finance Advisory Committee Work Plan.
Attachments: 1. 2021-09-13_ATT - Proposed FAC FY2021/2022 Work Plan
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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CC - Approval of and (if Desired) Direction Related to Proposed Amendments to the Finance Advisory Committee Work Plan.

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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]

Commission Action Required: Yes [] No [X]

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

Department Approval: Onyx Jones, Chief Financial Officer (08/30/2021)
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RECOMMENDATION

The Finance Advisory Committee (FAC) recommends the City Council review and approve the proposed amended FAC Work Plan 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 3, 2020, City Council approved the following eleven Work Plan items:

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 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 Mea...

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