pages: CityCouncil/2013-05-28.pdf, 3
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CityCouncil | 2013-05-28 | 3 | Mayor Gilmore noted that the Public Utilities Board (PUB) is responsible for AMP's budget. The AMP General Manager stated the City Charter gives the PUB control over AMP's budget and rates. Councilmember Daysog stated the PUB has been conservative in setting fiscal targets and fund transfers to as required by the Charter. Councilmember Tam stated the City is considering refinancing; inquired at what point the City's outstanding liabilities would be factored into the bond rating. The Assistant City Manager responded the liabilities have already impacted the rating; stated a recent letter indicated the City's rating is AA rather than AAA due to the Other Post Employment Benefit (OPEB) liability; noted many surrounding cities have a similar rating. The Controller stated the City's full disclosure in the budget helps the rating. Councilmember Daysog stated that he would like the City to find a way to reduce the $60,000 Recreation Department cut; suggested funds be used from the Council budget. The Assistant City Manager addressed the Council budget; noted the Recreation Department cuts were reduced since prior budget presentations; inquired whether Councilmember Daysog is suggesting no cuts be made. Councilmember Daysog responded that he would prefer no cuts be made; stated that he would like staff to review the matter, but understands staff might not be able to find any way to not make cuts. Councilmember Tam left the dais at 10:07 p.m. and returned at 10:09 p.m. Vice Mayor Ezzy Ashcraft requested an explanation of increases in the City Attorney's budget. The Controller stated operational expenses previously reported under the Internal Service Fund (ISF) were moved under the City Attorney's budget because the expenses should not have been under an ISF; explained other City Attorney increases. Vice Mayor Ezzy Ashcraft inquired whether the budget includes expenses for outside counsel, to which the City Attorney responded in the affirmative; stated outside counsel expenses are under the department budget as well as under some other line items. Special City Council Meeting Alameda City Council 3 May 28, 2013 | CityCouncil/2013-05-28.pdf |