pages: CityCouncil/2017-06-06.pdf, 29
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CityCouncil | 2017-06-06 | 29 | The City Manager responded staff could go after grants and return mid-cycle or mid- year when money is set aside; the license plate readers at the bridges are also not included in the current budget and will be brought back to Council. Mayor/Chair Spencer inquired whether staff has a list of the items that will not be funded. The City Manager responded the list is not in the presentation. Mayor/Chair Spencer inquired whether there is a plan to purchase the license plate readers. The Police Chief responded the matter would proceed as soon as some budget savings are realized, which will most likely be in September or October. The City Manager noted savings would be from salary savings. Councilmember/Commissioner Oddie requested clarification regarding the OPEB trust fund; inquired whether the $6.043 million transfer is included in the budget. The Finance Director responded $6.043 million is shown as a reserve; stated in the 2017-18 budget the amount is shown as appropriation so that the funds could be wired over to a trust depending on the allocation being proposed. Councilmember/Commissioner Oddie inquired why the OPEB trust fund increased by so much and is projected to increase in the future. The Finance Director responded the public safety contracts include a provision that in January 2016 the City would contribute funds, plus employee contributions and estimated interest increase the amount. Councilmember/Commissioner Oddie inquired what the expected amount will be in the combined OPEB/PARS trust accounts. The Finance Director responded for OPEB, there will be an additional $3 million contributed, plus normal contributions required by the contract. Councilmember/Commissioner Oddie inquired whether the $3 million is coming from the $6 million set aside the previous year. The Finance Director responded $6 million was set aside in 2015. Councilmember/Commissioner Oddie inquired whether $11.3 million will be set aside for OPEB. Special Joint Meeting Alameda City Council and Successor Agency 3 to the Community Improvement Commission June 6, 2017 | CityCouncil/2017-06-06.pdf |