9770 CULVER BOULEVARD, CULVER CITY, CA 90232-0507
MEMORANDUM
DATE: June 10, 2026
TO: HONORABLE MAYOR FREDDY PUZA AND MEMBERS OF THE
CITY COUNCIL OF THE CITY OF CULVER CITY
FROM: Chair Andrew Lachman and Members of the Culver City Finance Advisory Committee
SUBJECT: 2026 ACCOMPLISHMENTS AND 2026 PROPOSED
ACTIVITY/UPCOMING AGENDA ITEMS FOR THE NEXT 6
MONTHS
CC: Odis Jones, City Manager
At the June 10, 2026 regular meeting of the Finance Advisory Committee (FAC), the FAC discussed and approved a staff report of activity and authorized staff to transmit the final report to City Council for approval. The list below summarizes the CBC’s accomplishments during the period of January 2026 through June 2026 and provides a list of anticipated activities/upcoming agenda items for the second half of the 2026 calendar year. The FAC regularly meets on the second Wednesday of the month and met three times between January 2026 and June 2026.
List of Accomplishments
The Assets Ad Hoc Subcommittee presented its final report on the City’s real property assets to the FAC and to City Council.
The Government Efficiency Subcommittee continued the fifth annual Innovation Awards program to be presented at the August 10, 2026 City Council meetings.
The FAC filed ongoing status reports with the City Council on a quarterly basis: Measure CC Sales Tax, Measure C Sales Tax, and Real Property Transfer Tax.
Reviewed the Fiscal Year 2025-2026 FAC budget and made a recommendation regarding the proposed Fiscal Year 2026-2027 FAC budget.
Parks, Recreation & Community Services users fees were approved by City Council following receiving recommendations from the FAC.
Finance Advisory Committee 2026 Accomplishments and 2026 Work Plans
Scheduled Activities Plan:
Provide quarterly reports to the City Council on Measures CC, C, and CL proceeds
Review implementation of Measure RE and the Real Property Transfer Tax as approved in November 2020
Review proposed tax measures or changes to existing tax measures as has historically been done by City Council
Participate in the Economic Vitality Task Force
Monitor the communications strategy of financial information on the City’s website
Review User Fees in consideration of annual Consumer Price Index (CPI) updates
Review and make recommendations for the annual updates to the long- term financial forecast
Review and discuss budget expenditure challenges/inefficiencies for the future
Continue the successful, annual Innovations Awards Program (Government Efficiency Subcommittee) to incentivize/recognize staff for ideas or programs that generate cost-savings, revenue enhancements, or improve municipal efficiency
Engage in other special projects to review challenges created by budget and revenue impacts resulting from fluctuating economic conditions The Structural Revenue Review Ad Hoc Subcommittee (created July 13, 2022) will review current revenue sources in the City, as well as the updated revenue map
Review revenue and financing opportunities to fund needed infrastructure issues in the City, such as housing and parks
Review and discuss the Annual Comprehensive Financial Report (ACFR) after publication
Review success of City Fraud, Waste, and Abuse of City Resources hotline Discuss and improve communication with the City Council Examine the City’s Contingency Reserve policy, appropriate levels, and risk tolerance
Review the effects of the reduction in the Cannabis Distribution Tax portion of the Cannabis Business Tax