pages: CityCouncil/2008-04-01.pdf, 12
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CityCouncil | 2008-04-01 | 12 | Ms. Perkins stated said proposal combines separate things that are interrelated the items all require separate work efforts; priority setting is an attempt to establish enough separation between items to provide staff direction as to use of resources. Mayor Johnson stated that she is not combining the items; she is suggesting that the item become the tenth priority; how it would be done and the structure would need to come back to Council: the task would be to implement the overriding goal of short-term and long- term financial feasibility; GASB-45 is something that the City has to do. Ms. Perkins inquired whether the suggestion is to move up Item 28 [GASB-45]. to which Mayor Johnson responded that it could be put with the budget task [ Item 18]. Vice Mayor Tam inquired whether the suggestion is that GASB-45 is a separate effort. Mayor Johnson responded GASB-45 is not something the City has to plan for or study; stated it is something that the City has to pay for and costs money; not paying is like making interest only loans on a mortgage; the State says a plan has to be adopted, but the City actually has to pay. Councilmember Gilmore stated it does have to be paid for, but should be part of the budget. Mayor Johnson stated the budget is only one or two years; these are things that have to be paid for forever; further stated when Council makes commitments they go well beyond the current budget and the cost grows. Ms. Perkins inquired whether Item 28 should become one of the top priorities. Mayor Johnson stated the item relates to community stakeholders developing a long-term and short-term economic strategy; the two could be combined. Ms. Perkins inquired how broad Council would like to make the priority because the items are really different work efforts. Mayor Johnson responded GASB-45 states the City has made commitments and has to tell everyone how the commitments will be paid for the City might want to take it one step further and actually pay. Regular Meeting Alameda City Council April 1, 2008 | CityCouncil/2008-04-01.pdf |