pages: CityCouncil/2007-04-17.pdf, 3
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CityCouncil | 2007-04-17 | 3 | The AP&T General Manager responded staff is in the process reviewing the draft report and providing comments; the final report is to be presented to the PUB at their next meeting; the initial feedback has been positive and shows that customers would switch to AP&T if the service were cheaper. Councilmember deHaan inquired whether the figures are close to what the Consultant estimated for success. The AP&T General Manager responded the figures would be known after follow up is completed. Councilmember deHaan stated that many of the Consultant's suggestions have been implemented; inquired whether there would be additional cost-saving opportunities. The AP&T General Manager responded the Consultant was clear that implementing everything suggested would be a huge challenge; stated the main focus is to get to a zero inter-fund advance; AP&T expects to transfer approximately $1. 2 million from the power division to the telecom side this year, which is down from the $2.6 originally budgeted; AP&T is heading in the right direction. Councilmember deHaan stated cost savings have been netted from actions taken already inquired whether the operation would be viable as status quo. The AP&T General Manager responded all business plans include refinancing the 2009 bond; cutting costs, increasing revenue and increasing operation efficiencies are needed to make up the difference and meet the obligation; a lot of the cost cutting is coming first; the major revenue enhancing strategies would come later; he does not see major cost cutting strategies in the future; some strategies have been postponed, such as the billing system; the matter would be reviewed in 2008. Councilmember Matarrese thanked the AP&T General Manager and PUB for the presentation; stated it is important for the public to be kept appraised; progress is being made; thanked the AP&T General Manager for reviewing the commercial market inquired when voice would become part of the budget line item. The AP&T General Manager responded Fiscal Year 2008; stated steps are being taken to explore different business models. Councilmember Matarrese stated that a rate increase is projected in the coming year's budget ; the rate would still be below Comcast' S rates; inquired whether the rate would be below Alameda Comcast Regular Meeting Alameda City Council 3 April 17, 2007 | CityCouncil/2007-04-17.pdf |