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Finance Highlights 2012 0406
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Finance Highlights 2012 0406
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5/1/2012 3:35:49 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Committee Highlights
Document Date (6)
4/6/2012
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_CC Agenda 2012 0507 CS+RG
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\City Clerk\City Council\Agenda Packets\2012\Packet 2012 0507
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March 26, 2012 City Council Questions and Comments <br />Page 2 of 2 <br />Staff reported that slide 17, <br />Slide 17 has a redesigned graphic presentation. Salaries /Benefits, <br />Redevelopment Agency <br />Services /Spls, and Overhead reflect the Scenario B approved by the City <br />Elimination required rework <br />Council. <br />of the column 2012 -13 <br />Proposed Budget <br />Expenditures. The City <br />Council requested making <br />the slide graphics more <br />legible. <br />Slide 18, Improvement, <br />The one -time payment was for Property Transfer Tax. <br />2011 -12 Adopted Budget to <br />Projected Budget incorrectly <br />stated the Lakeside Village <br />one -time payment was <br />Transient Occupancy Tax. <br />What was the previous <br />The sale of the property will result in the assessed value increasing by <br />assessed value for the <br />$71,000,000. Annual City property tax revenue of about $85,000 will come <br />Lakeside Village apartment <br />from the reassessment (increase of 0.5 %). <br />complex? Will the <br />reassessment significantly <br />increase the City property <br />tax revenue. <br />Provide detail of the "Other <br />Should have read "Other Services, Attorney Fees." Reflects increase costs in <br />Consulting, Attorney Fees" <br />2012 -13 for audit services, deferred compensation consultants, flood plain <br />$200,000 on the General <br />management, credit card bank charges, City Attorney services (retainer <br />Fund Expenditure <br />increased by $10,400), and radio maintenance (new East Bay Regional <br />Assumptions 2012 -13, slide <br />Communication System Authority (EBRCSA) radios for 6- months). <br />12. <br />
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