pages: CityCouncil/2015-06-02.pdf, 11
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CityCouncil | 2015-06-02 | 11 | Councilmember Daysog stated the mechanics will be ironed out by City staff, but are still unknown; rather than chasing money and figuring out how to spend it, a strategy to address needs and wants is more appropriate; the issue is too substantive to not have a detailed discussion. Councilmember Oddie stated allowing the surplus to absorb operating deficits is not an appropriate use; Council should set a policy at 25% and use the excess to address important issues; Council and staff should develop a strategy to identify options; the 25% should be the amount at the end of FY16-17. Vice Mayor Matarrese stated the fund balance is already being chipped away; he is prepared to support the budget because the delta is so small and projections are so conservative; at the end of the year, the City will be in better shape than the projections; new development will add to the property tax roll and transfer tax; the margin of error could be worked with. Councilmember Ezzy Ashcraft seconded the motion. Under discussion, Mayor Spencer requested clarification on Vice Mayor Matarrese's motion; stated she would not be able to support a restriction. Councilmember Daysog stated that he would vote no because the whole point of the month-long budgeting process was to identify the long-term unfunded capital needs, which are already known; to suddenly say a policy needs to be created to begin to address projects does not make sense; understanding the needs and bending accordingly is the straightforward approach. Vice Mayor Matarrese modified the motion to approve directing the Interim City Manager to provide a strategy that involves allocating the excess of 25% of the current General Fund balance at the end of FY 15-16. Councilmember Ezzy Ashcraft seconded the motion. On the call for the question, the motion carried by the following voice vote: Ayes: Councilmembers Ezzy Ashcraft, Matarrese and Oddie - 3. Noes: Councilmember Daysog and Mayor Spencer - 2. Agency Member Matarrese moved adoption of the SACIC resolution. Agency Member Ezzy Ashcraft seconded the motion. Under discussion, Chair Spencer requested clarification on approving the SACIC resolution. The Finance Director stated the Council is acting as the governing body of the SACIC Special Joint Meeting Alameda City Council and the Successor Agency to the Community Improvement Commission June 2, 2015 | CityCouncil/2015-06-02.pdf |