pages: CityCouncil/2009-01-06.pdf, 5
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CityCouncil | 2009-01-06 | 5 | Bill Smith, Alameda, discussed partnerships. Mayor Johnson stated the City needs to build the management tools that the Council needs, such as financial analysts and people to analyze data, keep track of money and know how much things cost; right now, the City does not have the management tools to the extent needed; a policy should be included that states the City will maintain the ability to provide the management tools or analytical data to ensure policies are not developed and then the ball is dropped; further stated a plan is needed on how to create a surplus in order to fund reserves. The Interim Finance Director stated staff would provide alternatives depreciation is factored in as an expense in equipment replacement, which covers operations and creates a fund balance; the same thing has been done for Information Technology and needs to be done for all internal service funds; departments need to contribute proportionally to force starting savings. Mayor Johnson stated the vehicle fund needs to be revisited; the policy might need to be changed due to the current economic situation; a policy should be established that workers compensation be funded; incurring debt for Other Post Employee Benefits (OPEB) could exceed the amount. her first choice would not be to take out debt, however, debt would force the discipline of paying for OPEB, which has not been done since 1989. The Interim Finance Director stated detailed information includes circumstances under which funding OPEB through a debt might be more cost effective; the decision could be made to increase the debt policy because fully funding OPEB now would be more cost effective; a cost benefit analysis would need to be completed; the issue would be reviewed at the workshop. Mayor Johnson stated a full cost recovery policy should be adopted the full amount is not being recovered when police service is contracted. The Interim Finance Director stated charging for use of the service should be a fully burdened rate; the calculations would be changed as soon as possible. Mayor Johnson stated being able to identify costs by cost center is needed in order to provide the ability to manage. Councilmember Matarrese inquired whether the policies would apply to Alameda Power & Telecom (AP&T). . Regular Meeting Alameda City Council 5 January 6, 2009 | CityCouncil/2009-01-06.pdf |