pages: CityCouncil/2009-05-05.pdf, 6
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CityCouncil | 2009-05-05 | 6 | (09-184) - Financial "State of the City" The Interim City Manager gave a Power Point presentation. Vice Mayor deHaan stated the Planning and Building fund increased immensely in 2004; the fund decreased when the economy dropped. The Interim City Manager stated a lot of money is paid up front during the entitlement and permit process; the work continues for a long period thereafter the key is to ensure that there is enough core staff to continue the work while being frosty on managing cash. Vice Mayor deHaan stated the lagging factor could get worse. The Interim City Manager stated the matter would be addressed in the Fiscal Year 2009-2010 budget. Councilmember Tam stated that she needs clarification on management's discretion to transfer amongst funds inquired whether Alameda Municipal Power (AMP) paid more subsidy since Golf was not contributing. The Interim City Manager responded in the negative; stated money generated by enterprise funds stays within the fund; assessments are made against the funds in a variety of ways; budget policies dictate how much to charge enterprise funds for the cost of supporting the corporate whole; Council discussed reducing the Return on Investment (ROI) for a short period of time for AMP and Golf, which requires the ordinance to be amended; that she needs to have a clear understanding of how to proceed in the future and to determine how to reconcile the issue for prior years; only Council has the authority to move money between funds. Councilmember Tam stated Planning and Building reserves accumulated in Fiscal Years 2005, 2006, 2007 because revenues exceeded expenses inquired whether accumulated funds could be used for a smoothing effect, to which the Interim City Manager responded in the affirmative. Councilmember Tam stated there seems to be some discretionary earmarks within funds; Council discussed potentially retrofitting the Carnegie Building $400,000 is held in reserve for a fire station. The Interim City Manager stated $400,000 in cash money is held in the General Fund reserve; approximately $900,000 in community Regular Meeting Alameda City Council 6 May 5, 2009 | CityCouncil/2009-05-05.pdf |