Budget and Finance Commitee — Los Angeles, CA
Date: 2025-11-24
Time: 13:00

BUDGET AND FINANCE ADVISORY COMMITTEE (BFAC)

 Monday, November 24, 2025 - 1:00 PM

 BOARD OF PUBLIC WORKS EDWARD R. ROYBAL HEARING ROOM
 SUITE 350, CITY HALL
 200 NORTH SPRING STREET, LOS ANGELES, CA 90012

 MEMBERS: RON S. GALPERIN
 GILDA HAAS
 DERRIC J. JOHNSON
 JESSICA LALL
 JOSEPH M. LUMARDA

 Armando Bencomo, Legislative Assistant - (213) 978-1080
 (or Clerk.BudgetandFinanceCommittee@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. Additional
information regarding Committee procedures provided at the end of this agenda.

The Committee will take public comment from members of the public in-person 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 City Council and Committee meetings.

SE OFRECE SERVICIO DE TRADUCCIÓN AL ESPAÑOL EN TODAS LAS REUNIONES DEL CONSEJO Y COMITÉ
MUNICIPAL.

For interpretation services in additional languages and Sign Language Interpreters, at no cost, please
contact clerk.interpretation@lacity.org or call (213) 978-1133 and provide the language desired, specific meeting,
meeting date, and the number of people in the group.

All requests should be submitted with as much advance notice as possible, preferably two business days prior to the
meeting you wish to attend for additional language interpretation and five business days for Sign Language
Interpretation. We will do our best to accommodate requests with shorter notice, but securing last-minute interpreters or
captioners may not always be feasible.



 MULTIPLE AGENDA ITEM COMMENT
 GENERAL PUBLIC COMMENT



ITEM(S)

 (1) Welcome and Introductions
 Councilmember Katy Yaroslavsky, Chair of the Budget and Finance
 Committee, will welcome members and lead introductions.

 (2) VOTE: BFAC Chair and Vice-Chair
 The Committee will nominate and vote to elect a Chair and Vice-Chair
 for the BFAC.

 (3) Budget Overview
 Staff will provide an overview of the City budget and key financial
 priorities.

 (4) Discussion: Committee Focus Areas
 The Committee will discuss a work plan, set goals and focus areas for
 the year, and consider focus area leadership, as needed.

 (5) Next Steps
 Identify next steps, meeting frequency, and confirm upcoming BFAC
 meeting dates.



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., 00-0000) 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 subject-matter 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 agenda-items 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/clerk-services/cps/council-committee-meetings/info-assignments-structure

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) 978-1133. 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) 978-1960 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

Telephone communication is one of the most important forms of communication in society today. Due to advancements in
technology, telephone devices have evolved with new services and capabilities. Individuals who are deaf and hard of hearing, and
individuals with a speech disability, may be able to avail themselves of both for peer-to-peer and third-party 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 TIY-Based TRS; Speech-to-Speech Relay Service; Shared Non-English 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/telecommunications-relay-service-trs.

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, hard-of-hearing, 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.

JOURNAL – BUDGET AND FINANCE ADVISORY COMMITTEE

 Monday, November 24, 2025

 ROOM 350, CITY HALL - 1:00 PM
 200 NORTH SPRING STREET, LOS ANGELES, CA 90012

 MEMBERS: RON S. GALPERIN
 GILDA HAAS
 DERRIC J. JOHNSON
 JESSICA LALL
 JOSEPH M. LUMARDA


 Armando Bencomo, Legislative Assistant - (213) 978-1080
 (or Clerk.BudgetandFinanceCommittee@lacity.org)

 Submit written comment at LACouncilComment.com

The audio for this meeting is broadcast live on the internet at https://clerk.lacity.gov/calendar. 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



 GENERAL PUBLIC COMMENT

The BFAC provided an opportunity for Multiple Agenda Item and General Public Comments.


ITEM(S)

 (1) Welcome and Introductions
 Councilmember Katy Yaroslavsky, Chair of the Budget and Finance
 Committee, will welcome members and lead introductions.
 Councilmember Katy Yaroslavsky called the meeting to order at 1:06 p.m., with the
 following Members present: Ron S. Galperin, Gilda Haas, Derric J. Johnson, Jessica
 Lall. Absent: Joseph M. Lumarda.

 Councilmember Yaroslavsky discussed the purpose, potential focus areas, and intent of
 establishing the BFAC. Councilmember Yaroslavsky also introduced each Member and
 discussed their respective professional background.

 Member Joseph M. Lumarda subsequently arrived at 1:21 p.m.



(2) VOTE: BFAC Chair and Vice-Chair
 The Committee will nominate and vote to elect a Chair and Vice-Chair
 for the BFAC.


 The Clerk called for nominations for the election of Committee Chair. Member Lall
 nominated Member Galperin, which was seconded by Member Johnson. Member
 Galperin was elected as Committee Chair by a unanimous vote. (5) Yes; (0) No

 The Clerk called for nominations for the election of Committee Vice-Chair. Chairperson
 Galperin nominated Member Lall, which was seconded by Member Haas. Member Lall
 was elected as Committee Chair by a unanimous vote. (5) Yes; (0) No

 Chairperson Galperin presided over the Committee meeting thereafter.



(3) Budget Overview
 Staff will provide an overview of the City budget and key financial
 priorities.


 Matthew Szabo, City Administrative Officer (CAO), presented an overview of the Fiscal
 Year 2025-26 Budget, and answered questions from Members. (The CAO presentation,
 dated November 24, 2025, is available in Council file No. 25-0314.)

 Andrea Galvin, Chief Legislative Analyst (CLA), discussed the role of the CLA’s Office
 during the budget deliberation process upon release of the Mayor’s Proposed Budget by
 April 20th of each Fiscal Year, discussed support and legislative research that can be
 provided to the BFAC by the CLA’s Office, and answered questions from Members.

 The Committee discussed the resources available among various City Offices and
 departments that can provide requested reports and information to the Committee.
(4) Discussion: Committee Focus Areas
 The Committee will discuss a work plan, set goals and focus areas for
 the year, and consider focus area leadership, as needed.


 The Committee discussed a potential work plan and focus areas to be undertaken,
 and grouping into pairs of two for each focus area. One group will focus on economic
 development and asset management, such as establishing a community development
 corporation. One group will focus on financial management, such as the City’s Treasury,
 Temporary Revenue Anticipation Notes (TRAN), General Fund reimbursements, Cost
 Allocation Plan (CAP), potential consolidation of special funds, and outstanding debt.
 One group will focus on revenue sources, cost recovery, franchising opportunities,
 restructuring fees, expenditures, liabilities, workers compensation and overtime costs,
 and innovations that can yield short-term goals and results. The Committee also
 discussed the integration of equity and efficiencies into the focus areas, developing a set
 of criteria for evaluation of established goals, setting six-month increments over a two-
 year period for each goal, and monitoring the Charter Reform Commission’s efforts.

 University of California Los Angeles (UCLA) Fellows Golden Bachelder and Prokriti
 Monolina were introduced and discussed their availability to provide support to the
 Committee.
(5) Next Steps
 Identify next steps, meeting frequency, and confirm upcoming BFAC
 meeting dates.


 The Committee discussed the development of future Agendas and topics of discussion,
 and dissemination of information. The City Attorney discussed the parameters in which
 the Committee Members can communicate regarding the focus areas to maintain
 compliance with the Ralph M. Brown Act. Each pair will report back on the status and
 progress to the Committee for each focus area, to be scheduled as topics of discussion
 during the BFAC meetings.

 The Committee agreed to meet once per month, on Fridays at 1:00 p.m. Upcoming
 BFAC meetings are confirmed to be scheduled on Monday, January 12, 2026 and
 Friday, February 6, 2025 at 1:00 p.m. The meeting location(s) for future BFAC meetings
 will be confirmed at a later date.

 ADJOURNMENT

 The meeting was adjourned at 3:25 p.m. with all Members present.
If you challenge this Committee's action(s) in court, you may be limited to raising only those issues you or someone else raised at
the public hearing described in this notice, or in written correspondence delivered to the City Clerk at or prior to, the public hearing.
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.

Materials relative to items on this agenda can be obtained from the Office of the City Clerk's Council File Management System, at
lacouncilfile.com by entering the Council File number listed immediately following the item number (e.g., 00-0000).

Telecommunication Relay Services

Telephone communication is one of the most important forms of communication in society today. Due to advancements in
technology, telephone devices have evolved with new services and capabilities. Individuals who are deaf and hard of hearing, and
individuals with a speech disability are following these trends and are rapidly migrating to more advanced telecommunications
methods, both for peer-to-peer and third-party 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 TIY-Based TRS; Speech-to-Speech Relay Service; Shared Non-English 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/telecommunications-relay-service-trs.

Don't hang up! Some people hang up on TRS calls because they think the CA 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, hard-of-hearing, or has a speech disability.

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