pages: CityCouncil/2011-02-15.pdf, 27
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CityCouncil | 2011-02-15 | 27 | The Public Works Director responded $282,000 is for water, and $125,000 for is for JPA; stated the 18-month payment plan includes payments next year. Vice Mayor/Board Member/Commissioner Bonta stated burning through the $2.1 million transfer tax in a short period of time is difficult; alternatives should be explored for the discretionary items; putting some of the money aside would be nice. Councilmember/Board Member/Commissioner deHaan stated every good budget has contingencies; inquired why some items could not be taken care of with contingencies. The Controller responded the City Manager contingency amount for Fiscal Year 2010- 2011 is approximately $200,000; stated half has been used this year. The Acting City Manager/Executive Director stated the contingency would be used for the City Manager recruitment and employee training; some contingencies exist because departments have been good at saving money; a lot of departments will come in under budget. Councilmember/Board Member/Commissioner deHaan inquired how things would have been paid without the money from the Alameda Towne Centre sale, to which the Controller responded the General Fund reserve would have had to be drawn down. Councilmember/Board Member/Commissioner deHaan stated the established threshold would be broken; inquired whether there would be enough revenue generation next year. The Acting City Manager/Executive Director responded revenues will not have a spectacular growth; stated the real problem will be on the expenditure side; there will be a $1.3 million hit for PERS, payments for miscellaneous employees and health care costs will go up. Councilmember Tam moved approval of accepting the Quarterly Financial Report. Councilmember Johnson seconded the motion. The Controller inquired whether the motion includes approval of the budget adjustments. Councilmembers Tam and Johnson agreed to amend the motion to include budget adjustments. On the call for the question, the motion carried by unanimous voice vote - 5. Special Joint Meeting Alameda City Council, Alameda Reuse and Redevelopment Authority, and 12 Community Improvement Commission February 15, 2001 | CityCouncil/2011-02-15.pdf |