Finance Highlights 2010 1116 - Laserfiche WebLink

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CITY COUNCIL FINANCE COMMITTEE November 16, 2010 4:00 p.m. — 5:30 p.m. San Leandro City Hall 835 East 14 Street San Leandro, California (Sister Cities Gallery) HIGHLIGHTS Committee Members: Councilmember Prola, Councilmember Souza City Staff Present: City Manager Hollister, Finance Director Vesely, Deputy Finance Director Rodriguez, Assistant to the City Manager Diaz, Budget & Compliance Manager Perini, Accountant II Galvin, Administrative Assistant III Perez Public Present: Charles Gilcrest The meeting was called to order at 4:03 p.m. 1. Discussion Regarding FY 2011 -12 Budget Process and Calendar Finance Director Vesely provided a brief overview of the budget calendar for the FY 2011 -12 budget process and introduced Budget & Compliance Manager Perini to provide further explanation. Perini pointed out the more important dates, e.g. Public Hearings, department due dates, and explained the budget approach for the upcoming fiscal year. Vesely stated that although Measure Z did pass, reductions are still possible. City Manager Hollister stated that the City has saved money through attrition but staff will still be conservative when budgeting. Councilmembers Prola and Souza spoke of the $3.1 million received from Kaiser as part of the development agreement. Hollister stated that Council has designated $1.6 million to for transportation and $1.5 for general fund services (which will be spent $300,000 per year for five years to bridge services vs. revenue gap with Kaiser). Councilmember Souza questioned why discussions of amending the Financial Policy would be presented to the Finance Committee (Committee) prior to City Council. Perini explained that it staff would bring the working document to the Committee for review so the Committee would have an opportunity to provide input. Hollister stated that the working document should be brought to Committee in December and then to City Council under "Action Item" for discussion and approval. Councilmember Souza also requested that the Capital Improvement Project (CIP) discussion take place sooner than in prior years to allow for more time. Vesely stated that a CIP sub calendar can be developed.