title
Receive Reports for Discussion from the (1) Assets Ad Hoc Subcommittee, (2) Structural Revenue Review Ad Hoc Subcommittee, (3) City Council Engagement Ad Hoc Subcommittee, (4) Affordable Housing Ad Hoc Subcommittee, (5) 2024 Government Efficiency Ad Hoc Subcommittee, and (6) Provide Direction to Staff, if Deemed Appropriate
body
Meeting Date: February 14, 2024
Contact Person/Dept: John Figueroa/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 (02/08/2024)
Departmental Approval: Lisa Soghor, Chief Financial Officer (02/08/2024)
_____________________________________________________________________
BACKGROUND / DISCUSSION
In keeping with the FAC Fiscal Year 2023 Work Plan, the following FAC ad hoc subcommittees will offer reports for discussion, recommendations, and next steps:
* 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, Jones, Lachman
o Purpose: This ad hoc subcommittee was established to identify and review all current revenue sources in the City.
* City Council Engagement Ad Hoc Subcommittee[SL1]
o Members: Jacobsen, Jones, Lachman, Lachoff
o Purpose: This ad hoc subcommittee was established to identify ways to broaden the relationship between the FAC and the City Council.
o The ad hoc subcommittee was formed on March 8, 2023.
* Affordable Housing Ad Hoc Subcommittee
o Members: Bauer, Jacobsen, Lachman
o Purpose: This ad hoc subcommittee was established to formulate a speaker series on the economics of affordable housing and identify potential speaker...
Click here for full text