Finance Highlights 2008 0219 - Laserfiche WebLink

Home

fill the vacancy. Also the State will be mandating that all cities be responsible for the 911 cell phone calls made in their jurisdictions. When this happens, the dispatchers will see a 30°l0 - 40% increase in volume and at the current staffing level, they will not be able to handle the increase. Mayor Santos supports the increase of police officers and indicated the need to look for revenue enhancements. The need to take a parcel tax to the ballot may have to be considered. Jermanis also suggested that the City look into adding 2 cents to the property tax bills for City Charter approved public safety retirement costs. Jermanis recommended approving the addition of police staff and monitoring costs and performance for a year. If the addition of the police staff does not assist in decreasing crime, the City can reduce personnel through attrition in future periods. Committee Recommendation Vice Mayor Grant recommended going to forward to the City Council with the recommendation to hire additional police staff and provide for required equipment, as outlined in the Police Chief's report, and as discussed by the City Manager. The Mayor also indicated that he would be recommending to the City Council the establishment of an Ad Hoc Committee that would address Public Safety issues specifically in the areas of staffing, facilities, and funding. The Committee was in agreement with both recommendations. 4. Discussion Regarding Alameda County Fire Department Second Quarter Expenditure Report Fire Chief Gilbert provided an overview of the 2007-08 Second Quarter Invoice and Year-End Estimated Expenditures Report. Currently the department is $225k under budget however they have discovered. that $SOk, the cost of a Code Enforcement Officer, was left off the budget and there are anticipated costs that have not yet come through. Therefore Gilbert believes that the Fire Department is on track with their budget. Councilmember Gregory asked if the ALCO Fire will be going "green". Gilbert stated that they are currently using biodiesel fuel and they are looking at replacing their support fleet with hybrid vehicles. The Committee accepted the report. 5. Discussion Regarding Investment Report for the Quarter Ended December 31, 2007 Carter reported on the City's investment portfolio which has a market value of $86.3 million. Of this amount, $44.5 million is with LAIF (Local Agency Investment Fund) and $41.8 million was in the Chandler Asset management program. Carter stated that the City is in compliance with all legal stipulations and is currently exceeding the Investment Policy benchmark. The Committee accepted the report. 6. Committee Member Comments None. 3