pages: CityCouncil/2009-02-07.pdf, 6
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CityCouncil | 2009-02-07 | 6 | In response to Vice Mayor deHaan's comments regarding debt, the Interim Finance Director responded debt public relations would be added to the issue bin. Walter Schlueter, Alameda, discussed financial systems ; urged internal systems be reviewed and changed. Gretchen Lipow, Alameda, discussed the State and school budgets. Mayor Johnson stated Council would wait to take action on the item until after the OPEB discussion. [Note: The motion was made at the end of the meeting, see page 30. ] * * * Mayor Johnson called a recess at 10:50 a.m. and reconvened the meeting at 11:05 a.m. (09-062) Discussion of draft General Financial Policies and Guiding Principles; no action required. The Interim Finance Director gave a brief presentation; stated deferred maintenance would be added to each section in response to a suggestion made by the Public Works Director; suggested comments be provided on each section starting with Section I, Guiding Principles. Mayor Johnson stated, under Expenditures [Section I.E], there should be a requirement to report things that the City is not paying for in order to balance the budget. The Interim Finance Director suggested language be added to the Budget section [Section II]. In response to Mayor Johnson's inquiry whether language should be added to Policy I.E.1 or under the Budget section, the Interim Finance Director stated current year expenditures is limited and does not mean full liabilities; that she would work on language that indicates the current year revenues shall fund the current year expenditures and a proportionate share of liabilities. The Development Services Director inquired whether the policies are only about the General Fund; stated policies are not going to work for some of the other funds. The Interim Finance Director responded some of the policies do not work for the Housing Authority, Alameda Municipal Power (AMP ) and Special Meeting Alameda City Council 6 February 7, 2009 | CityCouncil/2009-02-07.pdf |