Budget, Finance and Innovation Committee

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.