Laserfiche WebLink
CITY COUNCIL FINANCE COMMITTEE <br />February 17, 2009 <br />4:00 p.m. - 5:30 p.m. <br />San Leandro City Hall <br />835 East 14th Street <br />San Leandro, California <br />(Sister Cities Gallery) <br />HIGHLIGHTS <br />Committee Members: Mayor Santos and Councilmember Prola <br />City Staff Present: City Manager Hollister, Interim Assistant City Manager Diaz, Interim <br />Finance Director Carter, Police Chief Willis, Community Development <br />Director Sims, Recreation & Human Services Manager Oliver, Library <br />Services Director Bohne, Human Resources Director Caire, Public Works <br />Director Bakaldin, Deputy Finance Director Rodriguez, Budget & <br />Compliance Manager Perini, Sr. Accountant Galvin, and Administrative <br />Assistant II Powell. <br />Public Present: Captain Overton, Interim Captain Pricco, Detective Sgt. Sobek, <br />Detective Sgt. Lemmon, Kathy Ornelas, Cindy Fonzeno, Jerry Maughan, <br />Sherryl Maughan, Dan Walters, Rayan Fowler, Micki Cronin, Marian <br />Handa, Sally Barros, Jonathan Smothers, Daman Miller, Charles Glast, <br />Bernie Leeor, Sabrina Almazan <br />The meeting was called to order at 4:15 p.m. <br />1. Discussion Regarding Accounting Report for Development Fees for Street <br />Improvements (DFSI) and Park Development Fees <br />Interim Finance Director Carter explained that the annual report for the two funds, Development <br />Fees for Street Improvements (DFSI) and Park Development Fees, is brought to the Finance <br />Committee for review and to answer any question and is then forwarded to the City Council for <br />approval. The required report is to be available 180 days after the close of the fiscal year. In <br />terms of the schedules that are attached, Carter informed the Committee the total ending fund <br />balance for 2007-08 is the amount available for future periods. The balances are: DFSI, <br />$1,889,153; and Park Development Fees, $733,598. <br />Councilmember Prola asked for an explanation of "Encumbered" and "Committed but <br />Unexpended". Carter explained "Encumbered" funds represent either purchase orders or <br />contracts that have not expended all funds and have a remaining balance. The "Committed but <br />Unexpended" funds represent plans or intentions by Council for future projects. Councilmember <br />Prola inquired if the $733,598 is money that we have right now and that we can spend, and <br />possibly use for a joint project with a school district like we did for Bancroft. Mayor Santos <br />1 <br />