pages: CityCouncil/2007-02-20.pdf, 17
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CityCouncil | 2007-02-20 | 17 | MINUTES OF THE SPECIAL JOINT CITY COUNCIL, ALAMEDA REUSE AND REDEVELOPMENT AUTHORITY, AND COMMUNITY IMPROVEMENT COMMISSION MEETING TUESDAY- - - -FEBRUARY 20, 2007- - -7:31 P. M. Mayor/Chair Johnson convened the Special Joint Meeting at 9:46 p.m. ROLL CALL - Present : Councilmembers/Board Members/Commissioners deHaan, Gilmore, Matarrese, Tam and Mayor/Chair Johnson - 5. Absent : None AGENDA ITEM (07-098CC/07-005CIC) Recommendation to accept the Fiscal Year 2007 Second Quarter Financial Report and budget adjustments. The Finance Director gave a brief presentation. Mayor/Chair Johnson inquired whether reserve money is funding the Golf budget, to which the Finance Director responded in the affirmative. Mayor/Chair Johnson inquired how much is being drawn from the reserves. The Finance Director responded the Fiscal Year would end with a $500,000 loss; stated depreciation is part of the loss; the net cash loss is approximately $250,000 to $300,000. Mayor/Chair Johnson stated the money used to supplement the Golf budget was set aside for the Clubhouse; finding a way to stop spending reserve money is important. The City Manager stated several options are being considered; the Golf Commission recommended a rate increase be presented to Council at the March 20 City Council meeting. Mayor/Chair Johnson stated that she is interested in cost savings rather than a rate increase; rounds are declining; budget controls need to be put in place; alarms should have gone off when reserve money was being spent a separate, inaccessible account should be set for a reasonable operating reserve; the money has not been used for the intended purpose. Councilmember/Board Member/Commissioner Gilmore stated a resolution could be adopted that states that the Golf Commission cannot spend Special Joint Meeting Alameda City Council, 1 Alameda Reuse and Redevelopment Authority, and Community Improvement Commission February 20, 2007 | CityCouncil/2007-02-20.pdf |