CCMIN12062016 - Laserfiche WebLink

expenditures, transfers, loans, mid-year projected surplus and year-end surplus, allocations to reserves, reserve designations and next steps Councilmember Narum asked regarding the Repair and Replacement Fund and Ms Olson reported that for each of the accounts in that Fund, there is a minimum amount which varies She added that the City has made up for what was lost during the recession The balance in the Repair and Replacement Fund has averaged at approximately $20 million Staff explained the City is seeing Sales Tax below estimates for retail and is monitoring the matter Councilmember Narum asked regarding benefits from Visit Tn-Valley and staff reported that it provides quarterly metrics to the City in terms of hotel room reservations that are a direct reflection of their efforts Benefits are reflected by increased activity and increases in room rates Councilmember Brown addressed public comments received regarding the condition of the golf course and hoped that with recent rains, it will improve the greens and attract players Councilmember Olson asked whether the "softness in retail" has anything to do with the Internet and staff reported Internet sales get distributed to a state-wide pool and every quarter that pool is Increasing Outlets are also having a negative effect on retail sales from the mall as well as the new Nordstrom Rack in Dublin It was noted that sales tax numbers are lower than estimates, but are still experiencing some growth MOTION: It was m/s by Narum/Pentin to waive full reading and adopt Resolution No. 16-902 accepting the FY 2015/16 Year-End Operating Budget Report and Designate General Fund Reserves Motion passed by the following vote Ayes Councilmembers Brown, Narum, Pentin, Olson, Mayor Thorne Noes None Absent None 15 Consider a resolution accepting the FY 2015/16 Year-End Financial Report for the Capital Improvement Program (CIP) Budget and amend the FY 2015/16 CIP Budget Asisstant City Manager Brian Dolan presented the report and addressed details of the specific CIP Funds reviewed, including revenues, expenditures, adjustments to be made for interest income at year end, recommended budget amendments, items carried forward, completed projects, ending fund balances, and recommendations MOTION: It was m/s by Olson/Pentin to waive full reading and adopt Resolution No. 16-903 accepting the FY 2015/16 Year-End Financial Report for the Capital Improvement Program (CIP) Budget and amend the FY 2015/16 CIP Budget Motion passed by the following vote Ayes Councilmembers Brown, Narum, Pentin, Olson, Mayor Thorne Noes None Absent None 16 Consider a resolution to approve a discounted rate for commercial organic and mixed recycling in the amount of 25% per cubic yard for metal container bins and for 96 gallon cart for organics collection Assistant City Manager Brian Dolan presented details of the report noting that Pleasanton Garbage Service (PGS) has not requested a rate increase this year He noted the background and Implementation of mandatory recycling, when last rates were approved and Council's direction to opt City Council Minutes Page 6 of 7 December 6, 2016