pages: CityCouncil/2009-08-03.pdf, 4
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CityCouncil | 2009-08-03 | 4 | proportionate share if an Alameda County city has financial hardship and cannot pay. louncilmember/Authority Member/Commissioner Gilmore stated other cities' budgets need to be watched. Mayor/Chair Johnson stated PERS takes no risk; cities would be billed more if obligations are not covered. The Interim City Manager stated the burden is on the employer, not the employee. Mayor/Chair Johnson inquired whether cities are looking at other retirement options. The Interim City Manager responded some Orange County cities are discussing joining the County retirement system and dropping out of PERS; stated dropping out of PERS takes two to three years; the City has not analyzed the issue. louncilmember/Authority Member/Commissioner Tam stated the budget memo states that the City has relied on staffing cuts to preserve a fund balance of $8.8 million; the amount could drop down to $7.9 million with the State Board of Equalization sales tax shift; inquired whether the intent is to preserve $8.8 million in Fiscal Year 2010 and $7.9 million in Fiscal Year 2011 in order to address economic uncertainty. The Interim City Manager responded the City's hope is to hold the $8.8 million firm for twenty-four months; stated the City would need to use approximately $1 million out of fund balance in Fiscal Year 2011 if other strategic things are not done. louncilmember/Authority Member/Commissioner Tam stated page 14 shows new revenue sources would be needed in the future to maintain current service levels inquired whether current service levels are identified and proposed in this budget. The Interim City Manager responded previous levels are identified; stated options are to increase revenues or decrease expenses programs will be evaluated and prioritized after Labor Day; cuts have to be made if revenues are not increased. Councilmember/Authority Member/Commissioner Tam stated headlines suggest that the economy might turn around; Measure P funds could provide some revenue in 2011. Special Joint Meeting Alameda City Council, Alameda Reuse and Redevelopment Agency, and Community Improvement Commission August 3, 2009 | CityCouncil/2009-08-03.pdf |