pages: CityCouncil/2009-02-03.pdf, 17
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CityCouncil | 2009-02-03 | 17 | Vice Mayor deHaan inquired whether the feasibility study could be phased. The Public Works Director stated that grants typically are pro- rated. On the call for the question, the motion carried by unanimous voice vote - 5. (09-054) - Recommendation to accept the Financial Report for the Second Fiscal Quarter - October, November and December 2008. The City Manager suggested that the item be continued to Saturday's budget workshop. The Interim Finance Director stated the item would come back to Council since the workshop does not have action items. Councilmember Matarrese requested that the workshop have action items stated the he is very concerned about negative cash fund balances and accumulated cash deficits; that he would like to act on the issues. (09-055) Recommendation to accept transmittal of the Comprehensive Annual Financial Report (CAFR) for the Fiscal Year ended June 30, 2008. The City Auditor stated the former AP&T telecom sale was not a run of the mill type item; staff received guidance on how to reflect the transaction; thanked Maze and Associates and City staff for all efforts made; the report is clean and numbers are fairly stated. The City Manager stated the Public Utilities Board reviewed the report and is happy that all information is available and transparent. Councilmember Gilmore stated that she appreciates the new format and text; the narratives are easy for the public to read. The City Auditor thanked the Interim Finance Director for all her help. Councilmember Tam inquired whether the designated amount for workers compensation is part of the $10 million unreserved cash. The Interim Finance Director responded the workers compensation potential worse case scenario is in the Workers Compensation Fund which is in the Internal Services Fund. Regular Meeting Alameda City Council 17 February 3, 2009 | CityCouncil/2009-02-03.pdf |