pages: CityCouncil/2010-01-26.pdf, 11
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CityCouncil | 2010-01-26 | 11 | a prior year. The Interim City Manager continued the presentation. Mayor Johnson inquired why supply costs are so different; stated supply costs were consistent between 2001 and 2009; now costs are down to almost nothing. The Interim City Manager responded that she would look into the matter; continued the presentation. Councilmember Tam stated the unrestricted fund balance was $8.35 million in Fiscal Year 2000-2001 and went down to $1 million in Fiscal Year 2008-2009; the South Course needs a new sprinkler system which would cost approximately $1 million; inquired whether the $1 million would come from the unrestricted fund balance. The Interim City Manager responded in the affirmative; continued the presentation. Mayor Johnson inquired whether the net income loss would be the same as an operating loss, to which the Interim City Manager responded in the affirmative. Mayor Johnson stated the Golf Course has been operating at a loss for a number of years. Councilmember Matarrese stated the general downward trend of the unrestricted fund balance does not match up with capital outlay and capital improvement numbers; some of the delta from year to year in the unrestricted fund balance is assumed to go into operations; the actual net income is the cash balance; June to December shows a positive; the missing piece of data is what the unrestricted fund balance total will be for Fiscal Year 2009-2010; all deltas need to be known prior to operating contract discussions; Fiscal Year 2001-2002 to Fiscal Year 2002-2003 had a $4 million loss; details are needed. The Interim City Manager stated the matter will come to Council at the second meeting in February; staff will provide some generic negotiating criteria as to what direction Council wants to take. Vice Mayor deHaan inquired whether different accounting practices have been applied. The Interim City Manager responded the audit was closed by a person with no history or knowledge of the Golf Course; stated ten years of data was gathered. Vice Mayor deHaan stated that he is not comfortable with some of the numbers or explanations; he has concerns with the extreme draw down. The Interim City Manager stated the numbers are real; the balance sheet would be Special Joint Meeting Alameda City Council, Alameda Reuse and Redevelopment Authority and 11 Community Improvement Commission January 26, 2010 | CityCouncil/2010-01-26.pdf |