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(1) Discuss the formation of an ad hoc subcommittee with the purpose of creating a communication to the City Council reaffirming the role of the FAC; (2) Create the ad hoc subcommittee, if desired; and (3) Appoint members to the ad hoc subcommittee, if desired.
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Meeting Date: September 14, 2022
Contact Person/Dept: Melissa Zak/Finance Department
Phone Number: (310) 253-5865
Fiscal Impact: Yes [] No [X] General Fund: Yes [] No [X]
Public Hearing: [] Action Item: [X] Attachments: []
Public Notification: (E-Mail) Meetings and Agendas - Finance Advisory Committee (09/07/2022)
Departmental Approval: Lisa Soghor, Chief Financial Officer (09/06/2022)
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RECOMMENDATION
Staff recommends that the Finance Advisory Committee (FAC) (1) discuss the formation of an ad hoc subcommittee with the purpose of creating a communication to the City Council reaffirming the role of the FAC; (2) create an ad hoc subcommittee (if desired); and (3) appoint members to the ad hoc subcommittee (if desired).
BACKGROUND/DISCUSSION
At the June 2022 meeting of the FAC, the Committee expressed a desire to further discuss the formation of an ad hoc subcommittee with the purpose of creating a communication to the City Council reaffirming the role of the FAC.
ATTACHMENTS
None
MOTION
That the FAC:
1. Discuss the potential creation of an ad hoc subcommittee;
2. (If desired) Create such ad hoc subcommittee; and
3. (If desired) Appoint members to such ad hoc subcommittee.