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File #: 23-745    Version: 1 Name: 2023 FAC Subcommittees
Type: Minute Order Status: Action Item
File created: 3/9/2023 In control: FINANCE ADVISORY COMMITTEE
On agenda: 4/12/2023 Final action:
Title: (1) RECEIVE REPORTS FROM THE GOVERNMENT EFFICIENCY AD HOC SUBCOMMITTEE; (2) RECEIVE REPORTS FROM THE ASSETS AD HOC SUBCOMMITTEE; (3) RECEIVE REPORTS FROM THE STRUCTURAL REVENUE REVIEW AD HOC SUBCOMMITTEE; (4) RECEIVE REPORTS FROM THE FAC ANNIVERSARY AD HOC SUBCOMMITTEE; (5) DISCUSS REPORT RECOMMENDATIONS AND DETERMINE NEXT STEPS; AND (6) PROVIDE DIRECTION TO STAFF, IF DEEMED APPROPRIATE.
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(1) RECEIVE REPORTS FROM THE GOVERNMENT EFFICIENCY AD HOC SUBCOMMITTEE; (2) RECEIVE REPORTS FROM THE ASSETS AD HOC SUBCOMMITTEE; (3) RECEIVE REPORTS FROM THE STRUCTURAL REVENUE REVIEW AD HOC SUBCOMMITTEE; (4) RECEIVE REPORTS FROM THE FAC ANNIVERSARY AD HOC SUBCOMMITTEE; (5) DISCUSS REPORT RECOMMENDATIONS AND DETERMINE NEXT STEPS; AND (6) PROVIDE DIRECTION TO STAFF, IF DEEMED APPROPRIATE.

 

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Meeting Date:                                            April 12, 2023

 

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 (04/06/2023)

 

Departmental Approval:   Lisa Soghor, Chief Financial Officer (04/06/2023)

_____________________________________________________________________

 

 

RECOMMENDATION

 

Staff recommends that the Finance Advisory Committee (FAC) (1) receive reports from the Government Efficiency Ad Hoc Subcommittee; (2) receive reports from the Assets Ad Hoc Subcommittee; (3) receive reports from the Structural Revenue Review Ad Hoc Subcommittee; (4) receive reports from the FAC Anniversary Ad Hoc Subcommittee; (5) discuss report recommendations and determine next steps; and (6) provide direction to staff, if deemed appropriate.

 

 

BACKGROUND / DISCUSSION

 

Based on the proposed Fiscal Year 2023 FAC Work Plan, the following FAC ad hoc subcommittees will offer reports for discussion, recommendations, and next steps:

 

                     Government Efficiency Ad Hoc Subcommittee

o                     Members: Griffing, Jacobsen, Lachman, Menthe

o                     Purpose: This ad hoc subcommittee was established to research, implement, and continue a City Innovation Award Program to encourage employees, departments, or committee/advisory commission members to contribute towards increased efficiency, improved quality of life for Culver City residents, reduced costs and/or generated revenue, or demonstrated distinguished performance based on department goals/outcome measures.

 

                     Assets Ad Hoc Subcommittee

o                     Members: Bauer, Griffing, Lachoff

o                     Purpose: This ad hoc subcommittee was established to analyze real property assets for Culver City, including but not limited to opportunities to maximize revenue at parks.

 

                     Structural Revenue Review Ad Hoc Subcommittee

o                     Members: Bauer, De Matos, Jones, Lachman

o                     Purpose: This ad hoc subcommittee was established to identify and review all current revenue sources in the City.

 

                     FAC Anniversary Ad Hoc Subcommittee

o                     Members: Griffing, Jacobsen, Menthe

o                     Purpose: This ad hoc subcommittee was established on March 8, 2023 to organize an event commemorating the 10-year anniversary of the FAC’s first meeting (May 8, 2013) and to highlight the FAC’s accomplishments since its formation.

 

 

FISCAL ANALYSIS

 

None.

 

 

ATTACHMENTS

 

None.

 

 

MOTION

 

None.