pages: CityCouncil/2011-02-15.pdf, 23
This data as json
body | date | page | text | path |
---|---|---|---|---|
CityCouncil | 2011-02-15 | 23 | AGENDA ITEM (11-093 CC/11-019 ARRA/11-011 CIC) Recommendation to Accept the Quarterly Financial Report Through December 31, 2010 and Approve the Mid-Year Budget Adjustments to the City's FY10-11 Budget. The Controller gave brief presentation. Mayor/Chair Gilmore inquired whether the $1.1 million for the Alameda Point Going Forward Project is related to what was requested tonight under another item [Perkins + Will contract, paragraph no. 11-018 ARRA] The Deputy City Manager - Development Services responded the Contract is included in the $1.1 million; stated staff is suggesting using $300,000 in bond money so that the net would be $700,000, which includes $400,000 for water and $330,000 for the Alameda Point Going Forward Project. Mayor/Chair Gilmore inquired whether approving the funding would back ARRA into approving the contract. The Deputy City Manager - Development Services responded the item would not go forward without the contract being approved by ARRA. Mayor/Chair Gilmore stated that she and Councilmember/Board Member/Commissioner deHaan asked for an explanation regarding the General Fund balance. The Acting City Manager/Executive Director stated a memo would go out tomorrow. The Controller stated the available reserves in the General Fund ranged from 14% to 21% for Fiscal Year 2001-2002; the Fiscal Year 2010-2011 budget is at 21% and is similar to Fiscal Year 2002-2003 and Fiscal Year 2003-2004; the main reason the percentage has gone up is that the Fleet Industrial Service Center (FISC) Special Revenue Fund has repaid the City $1 million from a loan; the City has had expenditure savings on average of about 5% the last couple of years; unexpected vacancies result in savings; capital maintenance expenditures were approximately $600,000 for Fiscal Year 2004-2005; in Fiscal Year 2009-2010, $1.5 million was spent; $2 million has been budged for Fiscal Year 2010-2011. The Acting City Manager/Executive Director stated departments have done a lot of belt tightening; one year, expenditures came in $5 million under budget. The Controller stated Fiscal Year 2009-2010 had a positive variance and generated about $3 million in savings; the percentage variance was only 2% for revenues in Fiscal Special Joint Meeting Alameda City Council, Alameda Reuse and Redevelopment Authority, and 8 Community Improvement Commission February 15, 2001 | CityCouncil/2011-02-15.pdf |