pages: CityCouncil/2010-01-26.pdf, 6
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CityCouncil | 2010-01-26 | 6 | understand the real fund balance. The Interim City Manager/Interim Executive Director stated not having workers compensation and risk management funds is very risky. Mayor/Chair Johnson stated the City is also developing a systematic way for dealing with large maintenance projects. Councilmember/Board Member/Commissioner Matarrese stated "why" should be addressed in the discussion about the appropriate [general fund] fund balance. Councilmember/Board Member/Commissioner Tam stated that she understand the City is trying to have a balance between providing services and increasing the bond rating by having a reserve; $9.9 million of the $18.2 million fund balance is cash. In response to Councilmember/Board Member/Commissioner Tam's inquiry regarding cash on hand, the Interim City Manager Interim/Executive Director stated bond rating agencies review all cash reserves, such as the $3 million cash in equipment replacement; going forward rating agencies will start to look at issues like OPEB. Councilmember/Board Member/Commissioner Tam inquired how many positions were eliminated, the Human Resources Director responded the number of positions went from 650 to 575; stated many positions that were cut were not filled. Mayor/Chair Johnson inquired whether the positions remain in the budget, to which the Interim City Manager/Interim Executive Director responded in the negative. Councilmember/Board Member/Commissioner Tam stated times are tough; the City had to make cuts; carefully characterizing the [general fund] fund balance is important, particularly if there might be about another five years of tough times. The Interim City Manager/Interim Executive Director stated the State Chief Legislative Analyst is forecasting no growth until 2014; the decision was to make the cuts all at one time; a plan was created to recover negatives in 24 months; the City was not prepared for the latest surprise of the State wanting to take the gas tax. In response to Vice Mayor/Board Member/Commissioner deHaan's inquiry about full time equivalent employees, the Interim City Manager/Interim Executive Director stated the audit amounts are simply the numbers that were included in the budget, not the actual number of employees. Vice Mayor/Board Member/Commissioner deHaan inquired when the actual numbers would be provided, to which the Interim City Manager/Interim Executive Director responded the Special Joint Meeting Alameda City Council, Alameda Reuse and Redevelopment Authority and 6 Community Improvement Commission January 26, 2010 | CityCouncil/2010-01-26.pdf |