pages: CityCouncil/2005-12-06.pdf, 19
This data as json
body | date | page | text | path |
---|---|---|---|---|
CityCouncil | 2005-12-06 | 19 | Councilmember/Commissioner/Authority Member deHaan inquired whether the improvement could be attributed to the Finance Director, to which the External Auditor responded in the affirmative. Mayor/Chair Johnson stated the Interim City Manager also contributed to the improvement. The External Auditor stated staff tried very hard not to have adjustments. Councilmember/Commissioner/AuthorityMember deHaan stated that the External Auditor's findings confirm the Council's beliefs. Mayor/Chair Johnson inquired why there was such a fluctuation in administrative expenses in the Police and Fire Pension Plans; stated the benefits and refunds remain about the same. The External Auditor responded the 1999-2000 increase was the cost of the GASB 25 and 27 implementation; the 2004-2005 increase was the cost of actuarial studies and implementing new accounting standards. Mayor/Chair Johnson stated money cannot be transferred from fund to fund without Council approval but can be transferred within funds ; inquired whether one department charging another department was considered an inter-fund transfer. The External Auditor responded in the negative; stated one department charging another department is not considered moving budgeted resources. Mayor Johnson requested money budgeted for one department and allocated to another department be highlighted in the next budget. Vice ayor/Commissioner/Authority Member Gilmore inquired whether the ten-year financial plan figures would be scarier for the Police and Fire unfunded pension benefit obligation. The External Auditor responded in the affirmative; stated the obligation outpaces the funding. Vice Mayor/Commissioner/Authority Member Gilmore stated the challenge would be funding the Plan without hitting other City services too much. Special Joint Meeting Alameda City Council, Community 5 Improvement Commission, and Alameda Reuse and Redevelopment Authority December 6, 2005 | CityCouncil/2005-12-06.pdf |