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CC:SA:HA:PA - CONSENT ITEM: (1) Receipt of the City Manager's/Executive Director's Proposed Budget for FY 2022/2023; and (2) Setting the Date and Time of the Public Hearing on the Proposed Budget for June 27, 2022 at 7:00 p.m.
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Meeting Date: May 9, 2022
Contact Person/Dept.: Lisa Soghor, Chief Financial Officer
Phone Number: 310-253-6016
Fiscal Impact: Yes [X] No [] General Fund: Yes [X] No []
Attachments: Yes [] No []
Commission Action Required: Yes [] No [X]
Public Notification: (E-Mail) Meetings and Agendas - City Council (05/04/2022);
Department Approval: Onyx Jones, Assistant City Manager (05/04/2022)
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RECOMMENDATION
Staff recommends the City Council, Successor Agency to the Culver City Redevelopment Agency (Successor Agency) Board, Housing Authority Board, and Parking Authority Board (1) receive the City Manager's/Executive Director's Proposed Budget for FY 2022/2023 (Proposed Budget) for the City, the Successor Agency, the Housing Authority and the Parking Authority; and (2) set the date and time for public hearing on the Proposed Budget for June 27, 2022 at 7:00 p.m., or as soon thereafter as may be heard.
BACKGROUND / DISCUSSION
In accordance with Section 801 of the Culver City Charter, which requires that a proposed budget be submitted to the City Council at least 45 days prior to the beginning of each fiscal year, the City Council and Boards for the Successor Agency, Housing Authority and Parking Authority have been provided with the Proposed Budget for FY 2022/2023. In addition, Section 801 requires the City Council to set the date and time for a public hearing on the proposed budget. Staff recommends the public hearing be set for June 27, 2022 at 7:00 p.m. or as soon thereafter as the matter may be heard.
Prior to the June 27th Public Hearing, the City Manager/Executive Director and Chief Financial Officer will give...
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