pages: CityCouncil/2005-02-15.pdf, 7
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CityCouncil | 2005-02-15 | 7 | Counci lmember Daysog inquired whether neighborhood park directors would remain, to which the Interim City Manager responded in the affirmative. The Interim City Manager completed his review; stated the total reduction in department budgets is $2,770,363; added to reductions in non-departmental areas, the total reduction is $6,295,983 the budget expenditure cuts and decreased revenues have no impact on the General Fund reserves for the fiscal year. Mayor Johnson stated there was a $1.2 million deficit in December; inquired how the deficit has reached $4.8 million. The Finance Director responded the budget adopted July 20 had expenditures exceeding revenues by $1.6 million; revenues decreased another $2 million because the 911 fee and Payment In Lieu of Taxes (PILOT) Return on Investment (ROI) were not adopted by the Council, resulting in a $3.2 million deficit; Council actions to appropriate funds for the City Manager recruitment, Interim City Manager, Chinatown agreement, and other activities had an approximately $256,000 impact. Councilmember deHaan inquired whether hiring additional Firefighters would have an impact on overtime. The Interim City Manager responded that the five Firefighters would start the academy March 15; there would be a cost of $322,000 in salaries for the five Firefighters in the academyi there will not be a net benefit for the current fiscal year. Councilmember deHaan inquired whether there would be an impact in future years, to which the Interim City Manager responded in the affirmative. Councilmember deHaan inquired the amount of the reserve that was required to be set aside. The Interim City Manager responded there is a $2,453,743 set aside for accrued vacation and $1,444,000 for post employment health; the total accrued liability is about $3.5 million of the reserves. Mayor Johnson inquired whether the general reserves are about $10 million. The Interim City Manager responded that after removing the $3.5 million required in set aside and removing loans to other funds, the amount remaining is $8.9 million; if action is not taken, the Regular Meeting Alameda City Council 7 February 15, 2005 | CityCouncil/2005-02-15.pdf |