pages: CityCouncil/2009-04-21.pdf, 7
This data as json
body | date | page | text | path |
---|---|---|---|---|
CityCouncil | 2009-04-21 | 7 | out the Fiscal Year 2008-2009 negative. Councilmember Tam stated Fiscal Year 2004-2005 shows a decline in the cash balance but the fund balance grew; prior Councils and managers have made discretionary decisions on whether or not to pay back the deficit. The Interim City Manager stated staff is coming up with corrective actions to charge back fixed charges repayment would be considered an additional fixed charge to departments over three years; the huge hit would not be absorbed in one year. Vice Mayor deHaan stated the City has been living with budgets that have had a 5% growth. The Interim City Manager stated the projected property tax growth is 5%. Vice Mayor deHaan stated cash reserves are down; there will easily be a 10%-15% reduction; the books are still carrying $2. 1 million from Alameda Municipal Power (AMP) . The Interim City Manager stated none of the $6 million owed to the City has been written off; the Executive Management Team's job is Regular Meeting Alameda City Council 7 April 21, 2009 | CityCouncil/2009-04-21.pdf |