pages: CityCouncil/2011-09-20.pdf, 3
This data as json
body | date | page | text | path |
---|---|---|---|---|
CityCouncil | 2011-09-20 | 3 | 30, 2011. Councilmember deHaan stated some investments are not bringing in the amount of money forecasted. The Controller stated PFM Asset Management and Chandler Asset Management are the City's registered investment advisors; both advisors have taken advantage of some one-time capital gains which has helped to boost the City's interest income this year; interest income dropped tremendously in Fiscal Year 2010-2011. Councilmember deHaan inquired what was the interest rate in Fiscal Year 2009-2010, to which the Controller responded approximately 1.25%. In response to Councilmember deHaan's inquiry, the Controller stated revenue for Fiscal Year 2009-2010 was $1.1 million for the General Fund and $3.8 million for all funds; revenue for Fiscal Year 2010-2011 will be approximately $600,000 for the General Fund and approximately $2.3 million for all funds. The Assistant City Manager stated revenue estimates for Fiscal Year 2011-2012 are conservative; staff did a lot of work in the spring to ensure there would not be any problems later. Councilmember deHaan moved approval of the staff recommendation. Councilmember Tam seconded the motion, which carried by unanimous voice vote - 3. [Absent: Councilmember Johnson and Mayor Gilmore - 2.] (*11-440) Recommendation to Authorize the City Manager or His Designee to Enter into Purchase and Finance Agreements for an Amount Not to Exceed $3,241,824 for the Replacement of Fire Department Apparatus and Fire and Police Department Radios. Accepted. (*11-441) Recommendation to Reject All Bids and Authorize a New Call for Bids for the Upgrade of the City of Alameda Sewer Pump Stations, Bay Farm Island Pump Station Rehabilitation, No. P.W. 12-10-35. Accepted. (*11-442) Resolution No. 14617, "Authorizing Execution of an Agreement with the State of California for Landscape Maintenance within the State Highway Right-of-Way of Route 260 for the Webster Street/Wilver "Willie" Stargell Avenue Intersection Project." Adopted. (11-443) Resolution No. 14618, "Approving a Revised Memorandum of Understanding between the Alameda Fire Management Association and the City of Alameda for the Period Commencing February 28, 2010 and Ending June 29, 2013." Adopted. The Human Resources Director gave a brief presentation. Regular Meeting Alameda City Council 3 September 20, 2011 | CityCouncil/2011-09-20.pdf |