MO 1997-016 to 1997-020 - Laserfiche WebLink

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Although the Boys and Girls Club has attempted to address the building's maintenance needs, most of the Club's funding is earmarked for programming related costs. The City will consider utilizing General Funds and/or CDBG Funds to support the costs associated with the building improvements. The City Council Finance Committee suggested that funds also be allocated to buy furniture and make repairs to the kitchen: The City Council Finance Committee requested information on how much revenue the Boys and Girls Club fund raising campaign brings in each year. The Committee wanted to be assured that the Boys and Girls Club did not lessen its enthusiasm to increase its campaign funding efforts as the City attempts to reduce the financial burden associated with the maintenance of the building. M. 1997-98 Budget Strategies John Jermanis distributed the proposed 1997-98 Budget Strategies to the City Council Finance Committee. He informed the Committee that staff would be developing a report which will summarize the issues identified by City Council Finance Committee and its recommendations to the City Council. The report will also include recommendations for new programs and discuss the Committee's desire to generate additional revenue and identify savings. The Citv Council Finance Committee asked staff how the Main Library retrofit project would be presented in the 1997-98 budget. John Jermanis informed the Committee that the library retrofit could be included in the New and Expanded Programs section of the FY 1997-98 budget. IV. City Investment Policy Review John Jermanis presented the City of San Leandro Investment Policy to the City Council Finance Committee. He informed the Committee that staff presents the policy to .the City Council each year He went on to say that safety and liquidity of principal is the main concern of the City. There are no changes recommended to the City's investment policy at this time. The City Council Finance Committee suggested that the Investment Policy be shared with new Citv Council Members during the City Council Member briefings. V. Public Comments (3 minute time limit) None Adjourn 72