Budget and Finance Advisory Committee meeting summary
At a glance
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Chair Ron S. Galperin and Members Gilda Haas and Derric J. Johnson met and approved the November 24, 2025 minutes. The Committee reviewed progress on focus areas including new revenue opportunities, liability mitigation (with emphasis on rising LAPD liability payouts), potential insurance and privatization models, and performance‑based budgeting. Members discussed special fund use, cost allocation, treasury and reserve fund management, parking revenue, and Brown Act document‑sharing rules. Next steps include gathering prior research, drafting motion language, developing a performance‑based budget template, and evaluating models; the next meeting was set for February 27, 2026.
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What this means
Committee members are studying ways to reduce budget pressure from growing liability payouts (especially LAPD-related payouts) and to find new or better ways to track and collect city revenue. They plan to research insurance and privatization options, test tying departmental budgets to measurable performance, and prepare draft proposals for City Council consideration. For residents, this could lead to changes in how departmental costs and lawsuit payouts are handled, and to future policy proposals aimed at stabilizing the city’s General Fund.
Key decisions
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- Approved the Minutes of the November 24, 2025 BFAC meeting.
- Reviewed and prioritized focus areas: revenue generation, liability mitigation (including LAPD payouts), insurance/privatization options, and performance‑based budgeting.
- Directed gathering of prior research and development of proposed motion language and a draft performance‑based budget template for future consideration.
- Confirmed the next Committee meeting for Friday, February 27, 2026 at 1:00 p.m.
- Adjourned the meeting at 3:00 p.m.
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Meeting information
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Budget and Finance Advisory Committee
Agenda
- Call to Order and Roll Call(1)Decision: ITEM(S)
- Public Comment Multiple Agenda Item Comment General Public Comment(2)Decision: ITEM(S)
- Approval of Minutes The Committee will review and approve the Minutes of the November 24, 2025, Budget and Finance Advisory Committee meeting.(3)Decision: ITEM(S)
- Report Backs on Focus Area Progress Committee members will report back on the status and progress of the potential focus areas discussed during the previous meeting. Discussion will include updates on initial research and goals regarding economic development, financial management, and revenue sources.(4)Decision: ITEM(S)
- Discussion Committee members will refine the BFAC work plan, goals, and focus areas for the year, as needed.(5)Decision: ITEM(S)
- Next Steps and Future Agenda Items(6)Decision: ITEM(S)
- Adjournment(7)Decision: ITEM(S)
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