Budget, Finance and Innovation Committee — Los Angeles, CA
Date: 2024-06-07
Time: 13:30

Please Note Public Comment Will Be Taken In­Person Only.


 JOURNAL – BUDGET, FINANCE AND INNOVATION COMMITTEE

 FRIDAY, JUNE 7, 2024 ­ 1:30 PM

 JOHN FERRARO COUNCIL CHAMBER
 ROOM 401, CITY HALL
 200 NORTH SPRING STREET, LOS ANGELES, CA 90012

 MEMBERS: COUNCILMEMBER BOB BLUMENFIELD, CHAIR
 COUNCILMEMBER MARQUEECE HARRIS­DAWSON
 COUNCILMEMBER TIM MCOSKER
 COUNCILMEMBER MONICA RODRIGUEZ
 COUNCILMEMBER KATY YAROSLAVSKY


 (Luigi Verano ­ Legislative Assistant ­ (213) 978­1082 or juan.l.verano@lacity.org)

 Submit written comment at LACouncilComment.com

The audio for Committee meetings is broadcast live on the internet at https://clerk.lacity.gov/calendar. The live audio can also
be accessed at: (213) 621­CITY (Metro), (818) 904­9450 (Valley), (310) 471­CITY (Westside) and (310) 547­CITY (San Pedro
Area). If the live audio is unavailable via one of these channels, members of the public are encouraged to use one of the other
channels.

The Committee will take public comment from members of the public in­person only; there will be no public comment by
teleconference. Additional information regarding Committee procedures provided at the end of this agenda.

Spanish language interpretation is available at all Council and Committee meetings. Interpretation services in additional
languages are available upon request, at no cost. Please submit your request to clerk.interpretation@lacity.org as soon as
possible to allow time for scheduling. You will receive a confirmation reply if an interpreter is available.


 MULTIPLE AGENDA ITEM COMMENT


ITEM(S)

 (1) 23­0600­S120
 City Administrative Officer report relative to the Fourth (Year­End) Financial
 Status Report (FSR) for Fiscal Year 2023­24.

 Fiscal Impact Statement: Yes

 Financial Policies Statement: Yes

 Debt Impact Statement: Yes
(1) 23­0600­S120
 City Administrative Officer report relative to the Fourth (Year­End) Financial
 Status Report (FSR) for Fiscal Year 2023­24.

 Fiscal Impact Statement: Yes

 Financial Policies Statement: Yes

 Debt Impact Statement: Yes

 Community Impact Statement: None submitted

 APPROVED City Admininstrative Officer report dated June 5, 2024 AS AMENDED –
 (3) Yes; (2) Absent: McOsker; Rodriguez
(2) 24­0600­S30
 City Administrative Officer report and Authorizing Resolution relative to the
 issuance and sale of the 2024 Tax and Revenue Anticipation Notes for
 Fiscal Year 2024­25 in an aggregate principal amount not to exceed $1.7
 billion; execution of related documents and actions; and interfund
 borrowing to meet General Fund cash flow needs.

 Fiscal Impact Statement: Yes

 Financial Policies Statement: Yes

 Debt Impact Statement: Yes


 Community Impact Statement: None submitted

 APPROVED City Admininstrative Officer report dated May 28, 2024 and Authorizing
 Resolution – (3) Yes; (2) Absent: McOsker; Rodriguez
(3) 23­0842­S4
 City Administrative Officer report relative to the Fifth Construction Projects
 Report (CPR) for Fiscal Year 2023­24.
 (Government Operations Committee approved this matter as
 amended on May 14, 2024)

 Fiscal Impact Statement: Yes

 Financial Policies Statement: Yes

 Debt Impact Statement: Yes

 Community Impact Statement: None submitted

 (Budget, Finance and Innovation Committee report to be submitted
 Fiscal Impact Statement: Yes

 Financial Policies Statement: Yes

 Debt Impact Statement: Yes

 Community Impact Statement: None submitted

 (Budget, Finance and Innovation Committee report to be submitted
 in Council.)
 (Please visit www.lacouncilfile.com for background documents.)


 APPROVED City Admininstrative Officer report dated May 3, 2024 AS AMENDED – (3)
 Yes; (2) Absent: McOsker; Rodriguez
(4) 21­1015­S10
 City Administrative Officer report relative to a grant application for the
 California Governor’s Office of Planning and Research, Integrated Climate
 Adaptation and Resiliency Program, Extreme Heating and Community
 Resiliency Program Round 1, for Fiscal Year 2023­24. (Energy and
 Environment Committee approved as amended on May 10, 2024.
 Public Works Commitee concurred with the May 10, 2024 action
 taken by the Energy and Environment Committee on May 22, 2024.)

 Fiscal Impact Statement: Yes

 Financial Policies Statement: Yes

 Community Impact Statement: None submitted

 CONCURRED with the May 10, 2024 action of the Energy and Environment
 Committee and the May 22, 2024 action of the Public Works Committee – (3) Yes; (2)
 Absent: McOsker; Rodriguez
(5) 24­0511
 City Administrative Officer report relative to a Fourth Amendment to
 Contract No. C­138396 between the City and Ernst & Young LLP for
 COVID­19 Financial Recovery Services.

 Fiscal Impact Statement: Yes

 Financial Policies Statement: Yes

 Community Impact Statement: None submitted

 TIME LIMIT FILE ­ JULY 5, 2024
 Fiscal Impact Statement: Yes

 Financial Policies Statement: Yes

 Community Impact Statement: None submitted

 TIME LIMIT FILE ­ JULY 5, 2024


 (LAST DAY FOR COUNCIL ACTION ­ JULY 3, 2024)

 APPROVED City Admininstrative Officer report dated April 4, 2024 – (3) Yes; (2)
 Absent: McOsker; Rodriguez
 (6) 19­0355­S1
 City Administrative Officer report relative to the selection of the City's
 General Municipal Advisors and Municipal Advisors for the City's
 Wastewater System Revenue Bond Program.

 Fiscal Impact Statement: Yes

 Financial Policies Statement: Yes

 Community Impact Statement: None submitted

 TIME LIMIT FILE ­ JULY 29, 2024


 (LAST DAY FOR COUNCIL ACTION ­ JULY 3, 2024)

 APPROVED City Admininstrative Officer report dated May 28, 2024 – (3) Yes; (2)
 Absent: McOsker; Rodriguez


SUPPORTING MATERIALS

Materials relating to items on the agenda are available on the Office of the City Clerk's Council File Management System found at
https://cityclerk.lacity.org/lacityclerkconnect by entering the Council File number (e.g., 00­0000) associated with the agenda item.

PUBLIC INPUT AT CITY COUNCIL COMMITTEE MEETINGS

Members of the public who wish to speak on one or multiple items shall have an opportunity to speak up to one minute per item up
to a total of two minutes for two or more agenda items. At regular meetings, members of the public shall also have an opportunity to
speak up to one minute for general public comment on any matter within the subject­matter jurisdiction of the Committee. The
Committee is not required to take general public comment at special meetings. The Committee may limit the total amount of time for
public comment on any specific agenda item, on all agenda­items collectively, and/or on general public comment, based on the
anticipated time required to hear from public speakers on any given or all agenda items, on the availability of Committee members
and the need to maintain quorum, and on any other relevant factor. The Committee shall not discuss or take action relative to any
general public comment except as explicitly permitted under the Brown Act.

COMMITTEE INFORMATION, ASSIGNMENTS, AND STRUCTURE

https://clerk.lacity.gov/clerk­services/cps/council­committee­meetings/info­assignments­structure

SPECIAL ACCOMMODATION
PUBLIC INPUT AT CITY COUNCIL COMMITTEE MEETINGS

Members of the public who wish to speak on one or multiple items shall have an opportunity to speak up to one minute per item up
to a total of two minutes for two or more agenda items. At regular meetings, members of the public shall also have an opportunity to
speak up to one minute for general public comment on any matter within the subject­matter jurisdiction of the Committee. The
Committee is not required to take general public comment at special meetings. The Committee may limit the total amount of time for
public comment on any specific agenda item, on all agenda­items collectively, and/or on general public comment, based on the
anticipated time required to hear from public speakers on any given or all agenda items, on the availability of Committee members
and the need to maintain quorum, and on any other relevant factor. The Committee shall not discuss or take action relative to any
general public comment except as explicitly permitted under the Brown Act.

COMMITTEE INFORMATION, ASSIGNMENTS, AND STRUCTURE

https://clerk.lacity.gov/clerk­services/cps/council­committee­meetings/info­assignments­structure

SPECIAL ACCOMMODATION

Requests for reasonable modification or accommodation from individuals with disabilities, consistent with the Americans with
Disabilities Act, can be made by contacting the City Clerk's Office at (213) 978­1064. For Telecommunications Relay Service for the
hearing impaired, please see the information below.

NOTICE TO PAID REPRESENTATIVES

If a member of the public is compensated to monitor, attend, or speak at this meeting, City law may require them to register as a
lobbyist and report this activity. More information can be found at Los Angeles Municipal Code 48.01 et seq. or at
ethics.lacity.org/lobbying. Further assistance can be found by contacting the Ethics Commission at (213) 978­1960 or
ethics.commission@lacity.org.

EXHAUSTION OF ADMINISTRATIVE REMEDIES

A member of the public seeking to challenge a City action in court may be limited to raising only those issues raised at the public
hearing described in this notice, or in written correspondence delivered to the City Clerk prior to the public hearing in time
reasonably to be considered by the Committee members. Any written correspondence delivered to the City Clerk before the City
Council's final action on a matter will become a part of the administrative record.

TELECOMMUNICATIONS RELAY SERVICE (TRS) COMMUNICATIONS

Individuals who are deaf and hard of hearing, and individuals with a speech disability, may be able to avail themselves of both for
peer­to­peer and third­party telecommunications relay service (TRS) communications. Telecommunications Relay Service is a
telephone service that allows persons with hearing or speech disabilities to place and receive telephone calls. TRS is available in
all 50 states, the District of Columbia, Puerto Rico and the U.S. territories for local and/or long distance calls. TRS providers ­
generally telephone companies ­ are compensated for the costs of providing TRS from either a state or a federal fund. There is no
cost to the TRS user.

What forms of TRS are available? There are several forms of TRS, depending on the particular needs of the user and the equipment
available: TRS includes: Text to Voice TIY­Based TRS; Speech­to­Speech Relay Service; Shared Non­English Language Relay
Service; Captioned Telephone Relay Service; Internet Protocol Relay Service; and Video Relay Service. Please visit this site for detail
descriptions, https://www.fcc.gov/consumers/guides/telecommunications­relay­service­trs.

Don't hang up! Some people hang up on TRS calls because they think the caller is a telemarketer. If you hear, "Hello, this is the relay
service…" when you pick up the phone, please don't hang up! You are about to talk, through a TRS provider, to a person who is deaf,
hard­of­hearing, or has a speech disability.

For more information about FCC programs to promote access to telecommunications services for people with disabilities, visit the
FCC's Disability Rights Office website.