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10. REPORTS OF THE CITY MANAGER Item 10a(1) First Ouarter 1994-95 Financial Report (SR 95:26) Item 10a(2) Reeonunended Uses of General Fund Undesignated Fund Balance (SR 95:32) Susan Rossi presented the staff reports. Ms. Michelotti asked for clarification of the funding for the proposed North Pleasanton community park. Ms. Acosta indicated Council had requested the park be shown as an unfunded project because it was not known how all the financing methods would work. Since the City is not paying the entire cost of the park, Council was uncomfortable setting forth what funds are available until the entire package was put together. Mr. Tarver indicated that wherever there appears to be negotiations or yet to be identified sources of funding, staff has shown "to be determined". In the CIP, he prefers that items be listed as unfunded. He was uncomfortable raising expectations related to financing and acquisition costs when an agreement is still under negotiation. Ms. Acosta indicated that staff wanted to make it clear that the money coming from North Pleasanton for park fees is not spent. She was concerned that if the budget shows funds coming in and unallocated, that they will be spent for something else. The plan is to have the funding mechanism for the community park before Council in February. Mr. Pico indicated his desire to use the funds in other ways. He feels the City has adequate General Fund reserves and sound investment strategies. The staff report indicates there is an approximately $1 million shortfall in the capital budget. If the $401,000 is transferred, there will be an excess of $100,000 over what is needed to cover the shortfall. Mr. Pico indicated that his election platform included encouraging private sector management techniques in the public sector and encouraging employees to work more effectively and to minimize waste. He is delighted that the City employees have responded in such a positive way. He believed it appropriate to reward them and agreed with the set aside for City Hall expansion and funding for improved data processing equipment. He requested Council to designate $100,000 for a youth program fund for demonstration- type projects to enhance the quality of life of Pleasanton's youth and provide positive life experiences. He believes this would be a significant demonstration of good will and faith to the 01/17/95 - 12-