2023-05-02 Special CC SACIC MinutesSpecial Joint Meeting
Alameda City Council and Successor Agency
to the Community Improvement Commission
May 2, 2023
1
MINUTES OF THE SPECIAL JOINT MEETING OF THE CITY COUNCIL AND
SUCCESSOR AGENCY TO THE
COMMUNITY IMPROVEMENT COMMISSION (SACIC)
TUESDAY- -MAY 2, 2023- -6:59 P.M.
Mayor/Chair Ezzy Ashcraft convened the meeting at 7:24 p.m. Vice
Mayor/Commissioner Daysog led the Pledge of Allegiance.
ROLL CALL - Present: Councilmembers/Commissioners Daysog, Herrera
Spencer, Jensen, Vella and Mayor/Chair Ezzy
Ashcraft – 5.
Absent: None.
CONSENT CALENDAR
Commissioner Vella moved approval of the Consent Calendar.
Commissioner Jensen seconded the motion, which carried by unanimous voice vote - 5.
[Items so enacted or adopted are indicated by an asterisk preceding the paragraph
number.]
(*23-07 SACIC) Minutes of the Special Joint City Council and SACIC Meeting Held o n
March 21, 2023. Accepted.
AGENDA ITEM
(23-254 CC/23-08 SACIC) Recommendation to Accept the Fiscal Year 2021 -22 Audited
Financial Statements and Compliance Reports.
Amy Meyer, Maze and Associates, and the City Auditor gave a brief presentation.
Vice Mayor/Commissioners Daysog stated the City has a healthy fund balance; inquired
whether the City should be concerned about the fund balance; stated the balance is
going from $54.6 million to $90 million; questioned whether the COVID -19 pandemic
drove the current situation; expressed concern over the large increase in the fund
balance relative to the standard ratio.
Ms. Meyer responded Council must look at the timing of projects; stated having
reserves and funds in place is a good thing, however, the overall picture must be
considered; the City could have an influx of federal funding that has not yet been spent,
as well as new revenues and expenditures; accumulating fund balance is not a bad
thing; discussed figures being tamped down due to negative fair value experience.
In response to Vice Mayor/Commissioner Daysog concerns, Ms. Meyer stated COVID-
Special Joint Meeting
Alameda City Council and Successor Agency
to the Community Improvement Commission
May 2, 2023 2
19 created a dip; the City is still coming out of the dip; the balance point still needs to be
discovered.
Councilmember/Commissioner Herrera Spencer expressed support for the City Auditor;
stated that she hopes staff will look into the ongoing request to increase staff in the
Finance Department.
Councilmember/Commissioner Herrera Spencer moved approval of the staff
recommendation.
Councilmember/Commissioner Jensen seconded the motion, which carried by
unanimous voice vote - 5.
ADJOURNMENT
There being no further business, Mayor/Chair Ezzy Ashcraft adjourned the meeting at
7:40 p.m.
Respectfully submitted,
Lara Weisiger, City Clerk
Secretary, SACIC
The agenda for this meeting was posted in accordance with the Sunshine Ordinance.