pages: CityCouncil/2009-02-17.pdf, 15
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CityCouncil | 2009-02-17 | 15 | do when funds start disappearing. Councilmember Matarrese stated the ISF absorbed a deficit that should have been attributed to the General Fund; the real cash deficit was buried; that he wants to ensure that there is a broad approach for the entire City budget including AMP, Housing Authority, and Enterprise Funds and that root causes are determined when there is a problem. Vice Mayor deHaan stated more background is needed; taking $2. 1 from liquid reserves is a pretty good hit and cannot be taken lightly. Mayor Johnson stated operational reviews are being done for public safety; consideration should be given to performing operational reviews for the entire City. Vice Mayor deHaan inquired when the public safety review would come to Council, to which the City Manager responded the beginning of April. Councilmember Matarrese stated the operational review is relevant to the 90-day working capital fund balance for operating reserves in SRF; that he would like to receive numbers on the affect that the economic downturn has had on the Planning and Building Department in order to fix any problems and apply standards for SRF. The City Manager stated staff might not be able to provide information at the next Council meeting. Councilmember Matarrese inquired whether staff knows how much money is coming in and going out; stated that he wants information on whether enough money is being brought in to cover operation and whether there is a draw down on the fund balance; that he wants the number now. Vice Mayor deHaan stated the economy has changed drastically; whether other operational activities are having a downturn needs to be understood; the economic ramp up could take three years. Mayor Johnson stated the City would be out of money in thirty months if everything stays status quo. Councilmember Matarrese stated property assessments have declined and the City potentially could have less revenue next year. Regular Meeting Alameda City Council 15 February 17, 2009 | CityCouncil/2009-02-17.pdf |