pages: CityCouncil/2006-02-07.pdf, 14
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CityCouncil | 2006-02-07 | 14 | is above the 20% level. The Public Works Director stated that the City Manager and Finance Director have assurances that the $2 million is available and is enough to keep the remaining General Reserve funds at 20%. The City Manager stated that the recalculation of the General Fund Reserve is reviewed every year at mid-year to ensure that the reserve is based on the actuals. The Fire Chief provided a brief presentation on the $400,000 for fire station planning and acquisition. Councilmember Daysog inquired whether new sites are being considered which would adjoin existing residential areas. The Fire Chief responded all West End fire stations should be reviewed to determine the best way to proceed over the long term. Councilmember deHaan inquired whether the proposed study would be directed to the West End fire stations, to which the Fire Chief responded in the affirmative. Councilmember deHaan inquired whether procurement was being considered for West End fire stations. The Fire Chief responded in the negative; stated the priority is Fire Station 3. Councilmember Matarrese inquired whether the $400,000 was for the study and acquisition, to which the Fire Chief responded in the affirmative. The City Treasurer stated reducing the reserve levels is a serious matter; he is concerned with how the money will be used; a good use would be investing the money in City assets; reserves should be spent on projects that result in a lollar-for-dollar benefit; the Fire Department issues should be addressed during the normal budgeting process the proposal reduced the reserves from 25% to 20%; stated that he understood that reducing the reserves to 20% was temporary. The City Auditor stated that money from the reserves should go toward identifiable projects; he takes exception to using reserve funds for a study; questioned why a planning decision needs to be outsourced; stated staff should make decisions; paying for a study is not a prudent way to spend down the reserves. Special Joint Meeting Alameda City Council and 4 Community Improvement Commission February 7, 2006 | CityCouncil/2006-02-07.pdf |