pages: CityCouncil/2016-04-19.pdf, 9
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CityCouncil | 2016-04-19 | 9 | The Finance Director responded in June, staff is going to present a mid-cycle update for FY 2016-17. The Acting Public Works Director stated there are two processes going on at the same time: the City is adopting a budget and setting sewer rates for the next 5 years; the mistake is the sewer rates are not set far enough in advance to plug the revenue number into the final budget. Councilmember Oddie inquired what are the next steps and when will Council receive an update; requested staff to make sure the update includes the full picture, not bits and pieces; stated Council needs a 5 year update. The Finance Director stated all the information will be included; the expenditures, revenues and labor costs for the fiscal year will come back to Council and will include the 5 year projection. Councilmember Oddie inquired suggested staff provide information on which projects or items are single or recurring expenditures and revenues. Councilmember Daysog stated the budget summary is projecting a 24% reserve; previously the reserve was 38%; any reserve is a byproduct of the transactions on the revenue side while holding expenditures; he likes the fact that the reserve is above 20%; noted the reserve is helping pay for the citywide transportation strategy. Mayor Spencer inquired if amending the fiscal year budget has to be done today. The Financial Director responded staff prefers it be done today because some departments are relying on the budget being set to move forward with projects. Mayor Spencer inquired whether there is a deadline for the budget to be voted on. The City Manager responded staff would like the budget to be voted on as soon as possible so departments know how much their budget is going to be in order to move forward on projects. Mayor Spencer inquired why the Library is asking for an increase due to the minimum wage increase; questioned why other departments are not requesting the same increase, since other departments pay minimum wage. The Financial Director responded the Park and Recreation Department anticipated the increase in their budget, the Library budget did not consider the increase. Mayor Spencer inquired whether out of all the City departments the Library is the only one that will require an increase to cover the increase in the minimum wage. The Financial Director responded in the affirmative; stated other departments needing Regular Meeting Alameda City Council April 19, 2016 | CityCouncil/2016-04-19.pdf |