pages: CityCouncil/2009-02-07.pdf, 21
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CityCouncil | 2009-02-07 | 21 | The Interim Finance Director responded in the affirmative; stated staff knows how the amount accumulated over many years. Mayor Johnson inquired whether the intent is to use the breakdown to have the departments pay back outstanding amounts. The Interim Finance Director responded debt would not continue going forward; stated small amounts would be easy to fix; larger amounts accumulated overtime would be difficult to resolve. The City Manager noted the IT funds would be expended this fiscal year. Councilmember Tam stated that she is trying to match the seven categories in the ISF against the guiding principles, which has designations for major equipment replacement, public facilities, workers' compensation and OPEB; inquired whether there is an ability to transfer between the [ISF] funds; stated the balance of other [ISF] funds exceeds $2.6 million; inquired whether the Beltline litigation was under the risk management column and each department paid a portion. The Interim Finance Director responded only departments involved would pay. Mayor Johnson requested that the Council be provided an answer to the question about the Beltline litigation charges. The Interim Finance Director stated that she would look up the charges. Councilmember Matarrese inquired whether departments that owe money to the deficit would be assessed for the amount owed, to which the Interim Finance Director responded in the affirmative. Mayor Johnson inquired whether the General Fund balance with the [deficit] amount removed would be $8.8 million minus $2.6 million. The Interim Finance Director responded it would if the amount were taken from the fund balance; stated staff is suggesting alternatives; the amount cannot be resolved in one year; $2.6 million would be a serious cut in services and programs. Councilmember Gilmore stated that she understands $2.6 million cannot be made up in one year, but the budget document should reflect the $6.6 million in true cash and should not include amounts that are needed to pay for something else. Special Meeting Alameda City Council 21 February 7, 2009 | CityCouncil/2009-02-07.pdf |