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ACCEPT: Finance Committee Meeting Highlights of April 6, 2012
COMMITTEE RECOMMENDATION: Consider the decrease of the City’s General Liability Self-Insured Retention level to $500,000
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CITY OF SAN LEANDRO
CITY COUNCIL FINANCE COMMITTEE
April 6, 2012
8:15am - 9:45am
San Leandro City Hall
835 East 14th Street
San Leandro, California
(Sister Cities Gallery)
Committee Members: Councilmember Prola and Councilmember Cutter
City Staff Present: City Manager Zapata, Assistant City Manager Marshall, Interim Finance Director O’Leary, Deputy Finance Director Rodriguez, Interim Police Captain Tudor, Budget and Compliance Manager Perini, Administrative Assistant III Perez
Public Present: Chris Crow
The meeting was called to order at 8:29 a.m.
1. Continued Discussion Regarding Development for 2012-13 City Budget and Budget Work Session Follow-Up
City Manager Chris Zapata addressed the Finance Committee and stated that the following Budget discussion is related to items that were unfinished from the City Council Work Session of March 26, 2012. The City Council will determine whether and how to spend the available one-time funds of $1.5 million. The available funds come from $500,000 from Kaiser; $900,000 from completed capital projects; $600,000 Property Tax revenue; and $400,000 from other revenue sources. Mr. Zapata stated that staff will be awaiting direction from City Council on how the $1.5 million will be spent. Finance Director O’Leary provided a summary table on the questions brought forth from the March 26, 2012, City Council Work Session.
Mr. O’Leary also spoke to the Finance Committee, and provided a budget spreadsheet, regarding the Shoreline Fund. The Shoreline Fund has an obligation to pay for Golf Course improvements in the amount of $337,000. Mr. O’Leary explained when the City fulfills the obligation; the Shoreline Fund will be in a deficit. Therefore, staff will be developing the budget for the Shoreline Fund by changing the d...
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