Budget and Finance Committee meeting summary
At a glance
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Committee approved the CAO report on a five-year American Express credit card services contract; concurred with actions to allow the City Employees Ridesharing Trust Fund to reimburse positions and with monthly Wildfire Emergency Response and Recovery Account expenditures; approved transferring ATSAC trust funds for traffic system maintenance and a draft ordinance to release Stores Revolving Fund surpluses; approved several City Attorney and Building and Safety reports and discussed multiple legal matters in closed session.
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What this means
The committee approved a city report to move forward with a five-year American Express contract so city departments can accept AMEX credit card payments. The committee agreed to let the ridesharing trust fund reimburse certain staff costs and approved transfers to repair and maintain the city traffic coordination system (ATSAC). Several routine financial and refund items were approved, and the committee met privately to discuss many pending lawsuits; those closed sessions do not result in immediate public action.
Key decisions
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- Approved CAO report recommending a five-year contract with American Express for city credit card acceptance services.
- Concurred with Personnel and Hiring Committee to amend rules allowing the City Employees Ridesharing Trust Fund to reimburse costs of positions supporting the ridesharing and parking program.
- Concurred with Ad Hoc LA Recovery Committee on monthly Wildfire Emergency Response and Recovery Account expenditures for April and June 2025.
- Approved motion to reduce completed-project appropriations within the ATSAC Trust Fund and transfer/appropriate funds for repair, replacement, upgrade, and maintenance of ATSAC infrastructure and equipment.
- Approved City Attorney report and draft ordinance to release existing surpluses and encumbrances in the Stores Revolving Fund.
- Approved City Attorney report regarding a request for attorneys' fees in Yes in My Backyard, et al. v. City of Los Angeles.
- Approved Department of Building and Safety reports granting refund claims for properties at 10052 West Hillgrove Drive and 15526 West Plummer Street.
- Held closed sessions to confer with legal counsel on multiple pending lawsuits (no public action reported); one item (Kamran Hakimi) was waived from consideration and no action was taken.
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