2015-01-20 Joint CC SACIC Minutes
MINUTES OF THE SPECIAL JOINT CITY COUNCIL
AND SUCCESSOR AGENCY TO THE COMMUNITY
IMPROVEMENT COMMISSION (SACIC) MEETING
TUESDAY- -JANUARY 20, 2015- -7:01 P.M.
Mayor/Chair Spencer convened the meeting at 1:06 a.m.
Roll Call - Present: Councilmembers/Agency Members Daysog, Ezzy
Ashcraft, Matarrese, Oddie and Mayor/Chair Spencer
– 5.
Absent: None.
Oral Communications
None.
Agenda Items
(15-067 CC/15-001 SACIC) Recommendation to Accept the First Quarter Financial
Report for the Period Ending September 30, 2014. (Continued to February 3, 2015)
(15-068 CC/15-002 SACIC) Recommendation to Accept the Fiscal Year 2013-14
Audited Financial Statements and Compliance Reports.
The Interim Finance Director gave a Power Point presentation.
Councilmember/Agency Member Daysog inquired whether the way in which the report
was prepared is substantially different than past reports.
Grace Zhang, Maze and Associates, responded in the negative; stated reporting has
been consistent.
Mayor/Chair Spencer stated the presentation was not online.
The Assistant City Manager stated the presentation is a summary and was not posted
online.
Mayor/Chair Spencer stated that she prefers presentations be included in the packet so
Council may see them in advance.
Vice Mayor/Agency member Matarrese stated there is revenue and expense
information included in the presentation that was not in the staff report.
The Interim Finance Director explained staff became aware of the information as the
Joint Meeting
Alameda City Council and Successor Agency to
the Community Improvement Commission
January 20, 2015
presentation was being prepared.
In response to Vice Mayor/Agency Member Matarrese’s inquiry, the Interim Finance
Director stated the disparity in the reserves is because revenues increased and
expenses did not; in prior years, the percentage was already 30 to 35; the gain from this
fiscal year brought the percent up to 40.
The City Manager stated staff predicted a growth of under 3%; 3.6% went into the
reserves one year; this year at 8.1% after having projected 2.9%; at the same time,
employee cost sharing for healthcare and pensions began; there were cuts in costs at
the same time as an unexpected growth in revenue.
In response to Vice Mayor/Agency Member Matarrese’s inquiry, the Interim Finance
Director stated part of the amount is unrestricted, but part is restricted by previous
Council actions.
The City Manager stated staff manages a lot of other funds; pension and Other Post
Employment Benefits (OPEB) must be characterized.
Vice Mayor Matarrese stated clarification is important for the public and Council to
understand the mid-year budget.
The City Manager stated a systematic approach to the next budget will begin in March
to reach a two-year budget resolution in early June; the issues will be decanted in
significantly greater detail.
Councilmember/Agency Member Daysog stated a key component driving the $29
million reserve is a one-time sale of property.
Vice Mayor/Agency Member Matarrese stated one-time events cannot be relied upon
for operating expenses.
Mayor/Chair Spencer stated a recent presentation at a conference showed Alameda
County Cities unfunded OPEB liabilities as a percentage of their General fund; the
range was 7% to 140% and Alameda was at 140%.
Councilmember/Agency Member Ezzy Ashcraft moved approval of the staff
recommendation.
Vice Mayor/Agency Member Matarrese seconded the motion, which carried by
unanimous voice vote – 5.
The City Attorney noted that the First Quarter Financial Report \[paragraph no. 15-067
CC/15-001 SACIC\] could not be continued to tomorrow’s meeting as it was not noticed
as a joint meeting; the matter could be continued to the next Joint meeting.
Joint Meeting
Alameda City Council and Successor Agency to
the Community Improvement Commission
January 20, 2015
Adjournment
There being no further business, Mayor/Chair Spencer adjourned the meeting at 1:23
a.m.
Respectfully submitted,
Lara Weisiger, City Clerk
Secretary, SACIC
The agenda for this meeting was posted in accordance with the Sunshine Ordinance.
Joint Meeting
Alameda City Council and Successor Agency to
the Community Improvement Commission
January 20, 2015