pages: CityCouncil/2010-05-18.pdf, 4
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CityCouncil | 2010-05-18 | 4 | Councilmember Matarrese stated the City is in the "pay-as-you-go" mode and cannot address unfunded liabilities such as deferred maintenance. The City Treasurer stated the City is not starting at zero [in the budget] but is starting at negative $8 million. Mayor Johnson inquired whether the upcoming budget would be dealing with the negative $8 miliion. The Interim City Manager responded the City is still trying to recover some negative cash; stated the City can only afford to put $100,000 into the deferred maintenance budget this year; staff has not started to touch the deferred maintenance negative; staff is trying to recover the negative cash; there has been a 10% staff reduction; focus needs to be on risk management and workers compensation; joint power authorities expect the City to have a funded reserve; joint power authorities have not required cities to show an earmarked reserve if there is a healthy cash reserves in the General Fund; now, cities are using cash reserves; some cash needs to be put away for mandated reserves. In response to Vice Mayor deHaan's inquiry, the Interim City Manager stated the California Chief Legislative Analyst indicated that growth would be difficult until 2014; the new forecast is that a household will not have discretionary income until 2018. Vice Mayor deHaan stated the City is not able to take care of what is necessary and is not getting a higher rate of return; inquired why the Other Post Employment Benefit (OPED) deficit is higher, to which the City Treasurer responded everything is based on assumptions. The Interim City Manager stated medical insurance has dropped by several percentage points. Vice Mayor deHaan stated there has been some stabilization. The City Treasurer stated medical costs would not remain the same. CONSENT CALENDAR Mayor Johnson announced that the Resolution Authorizing the City of Alameda Fire Department to Access Federal Level Summary Criminal History [paragraph no. 10-238 was withdrawn from the agenda. Councilmember Tam moved approval of the Consent Calendar. Councilmember Matarrese seconded the motion, which carried by unanimous voice vote - 5. [Items so enacted or adopted are indicated by an asterisk preceding the Regular Meeting Alameda City Council 4 May 18, 2010 | CityCouncil/2010-05-18.pdf |