Meetings Tagged "Berkeley Budget"

December 11, 2012 – Special Meeting, Year End review and 2013 Budget Update

Year End Review Revenues Property Taxes and Transfer Tax down Interest Income below expectation Sales, Business, Transient Occupancy Tax up Parking Fines – down Expenditures 2.1 million under adopted budget Held positions vacant and held back non-personnel expenses Also benefited from write offs Ended year instead of $1.9M deficit with 400K excess which will be added to the...

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May 1, 2012 – Special Meeting – 2013 Budget Update

May 1, 2012 – Special Meeting, 2013 Budget Update SUMMARY FROM THE GALLERY Revenues are down and expenses are up.  The current deficit is projected at $1.8M.  It will be covered by moving the loan from the general fund for new garbage trucks to the workers compensation fund and from fund reserves.  Future challenges will occur when CALPERS requires increased payments to the retirement...

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April 3, 2012 – Special Meeting: Survey Results – Potential Bond Measure/Special Taxes

April 3, 2012 Special Meeting – March Tax Survey Results SUMMARY FROM THE GALLERY Over 400 likely voters were interviewed for various new taxing measures including special taxes and Bond Measures at different levels.  The only items that came close to receiving a majority of support was a Bond Measure for storm drain infrastructure and a special tax for homeless services.  Councilmembers made...

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February 28, 2012 – City Council Meeting

February 28, 2012 - Berkeley City Council Meeting SUMMARY FROM THE GALLERY  PLASTIC RECYCLING:  City staff was directed to research the possibility of expanding recycling to include plastics.  This would not affect the work around the ban on plastic bags and would include a public education component BOND MEASURE:  Approval was granted to conduct a survey for a $100Million infrastructure...

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February 28, 2012 Special Meeting – Community Agency Funding

February 28, 2012 - Special Meeting: Community Agency Funding Workshop SUMMARY FROM THE GALLERY  Federal funding has taken dramatic cuts.  While there is currently a gap of almost $300,000, unexpected and new funds have filled most of the gap leaving approximately $75,000.  As a result community agencies will be receiving 1.7% cuts across the board.  2014 funding looks even worse.  Staffing...

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February 14, 2012 – Special Meeting: Mid-Year Budget Update

February 14, 2012   Special Meeting Mid-Year Budget Update SUMMARY FROM THE GALLERY  MID-YEAR FY 2012 BUDGET UPDATE. Revenues are down by $1.86 Million, expenses are up $40K.  Total underfunding is $1.9 Million.  Balancing will come from 1) deferring Council Chamber relocation project = $400K, 2) Refuse budget capital needs are being funded through revenues – therefore, there is a capital...

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December 13, 2011 – Special Meeting, Federal/State Budget Cuts, Public Facility Capital Needs

SUMMARY FROM THE GALLERY Federal and State cuts continue to decrease beyond that which was anticipated in the current budget cycle.  Revenues continue to decline- specifically in property transfer tax, interest income and moving violations.  Anticipated deficit:  $1.8 Million Public Facility Capital needs:  $127.8 Million unfunded.  Due primarily to deferred maintenance, seismic upgrade and...

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December 6, 2011 – Special Meeting, Unfunded Pension Liabilities

SUMMARY FROM THE GALLERY Unfunded liabilities to CALPERs for employee pensions total $429,800,000 market value.  This does not include the contribution made by the city on behalf of the employees.  Actuary recommends a plan to get to 100% funded. Meeting Notes ACTUARY...

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Media Items Tagged "Berkeley Budget"

Berkeley Budget SOS – City of Berkeley Overtime Study

Overtime Comparison – Berkeley to Other Regional Municipalities

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