City Council

8. Measure BP Fund- Revenue Allocation Policy It is recommended that the City Council: 1. Adopt as a Policy that the Measure BP SOC shall have review and recommendation jurisdiction of investments of up to $6 Million annually of Measure BP Revenue; and 2. Any and all Measure BP revenue, including interest earnings, above $6 million annually shall be under the direct review and allocation jurisdiction of the City Council. 3. Direct the Chief Executive Officer (CEO) and the Director of Finance to implement this policy effective July 1, 2025, with applicability retroactive to the inception of Measure BP on April 1, 2023, using the fiscal year as the basis. 4. Authorize the CEO to make non-substantive adjustments as deemed necessary.