pages: CityCouncil/2010-01-26.pdf, 7
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CityCouncil | 2010-01-26 | 7 | actual numbers for the current fiscal year could be provided with the mid year report. Mayor/Chair Johnson stated the public expects the Council to put the City into as sound a financial position as soon as possible; there are still a lot of negative funds; the City dose not have any extra money and still has a lot of liabilities that need to be paid, as well as deferred maintenance. The Interim City Manager/Interim Executive Director stated staff will be recommending certain funds be designated as part of the mid year report, which will bring the fund balance down to $8.1 million; further stated the general fund budget went down from around $87 million to $63 million. Vice Mayor/Board Member/Commissioner deHaan noted revenue projections are not very good. The Interim City Manager/Interim Executive Director stated Alameda and Piedmont are the only two cities in the County that have not had property tax losses. Mayor/Chair Johnson stated the City has done a good job managing the cuts with minimal impacts on public service levels. Vice Mayor/Board Member/Commissioner deHaan stated the sewer fund is down from $18.4 million to $12.4 million; $3 million was loaned to a project; inquired whether $3 million was spent on sewer projects. The Public Works Director responded the affirmative; stated projects were completed on both Central Avenue and Fernside Boulevard. In response to Vice Mayor/Board Member/Commissioner deHaan's inquiry regarding spending projections for the current year, the Public Works Director stated staff is planning $2 million in capital improvement projects per year and will review new requirements as a result of the wet weather facility issue. Vice Mayor/Board Member/Commissioner deHaan inquired how much revenue is generated each year, to which the Public Works Director responded $6.5 million, which is close to what is spent for operations. In response to Vice Mayor/Board Member/Commissioner deHaan's further inquiry regarding the sewer fund, the Public Works Director responded the audited revenue is $6.5 million; the $6.4 million in expenses does not include capital projects; further stated a presentation would be given in spring or summer. Councilmember Matarrese moved approval of the staff recommendation. Special Joint Meeting Alameda City Council, Alameda Reuse and Redevelopment Authority and 7 Community Improvement Commission January 26, 2010 | CityCouncil/2010-01-26.pdf |