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May 28, 2013 > Fremont City Council

Fremont City Council

May 21, 2013

Consent:
Award contract to Valley Slurry Seal International, Inc. for 2013 Cape and Slurry Seal Project in the amount of $2,965,228

Support applications to Metropolitan Transportation Commission for One Bay Area grant for City Center multi-modal improvements and 2014 pavement rehabilitation project.

Approve a Memorandum of Understanding (2013-15) with Fremont Police Managers Association (ten members consisting of Police Lieutenants and Captains) for decrease of CalPERS (retirement) employee contribution and increase in pay and benefits.


Other Business:
Presentation of proposed FY 2013/14 Operating Budget with a FY 2013/14 proposed budget of $239 million. Approximately 2/3 of budget is General Fund allocation. Economic outlook is positive but CalPERS (retirement fund) changes and its impact in FY 2015/16 are unknown at this time. Winding down Redevelopment projects should be accomplished by the end of this year or early 2014.

Property Tax, City's largest revenue source, is increasing as distressed property sales are declining. Sales Tax is volatile but showing strength in Fremont especially at Fremont Auto Mall and Pacific Commons. City revenues are ahead of projections; unmet needs including infrastructure (roads, etc.), post employment benefits, library hours and public safety needs should be addressed. General Fund allocations are projected to be used primarily (86%) for police, fire and maintenance. Currently Fremont is servicing its population with 3.8 Full Time Equivalent employees for every 1,000 residents. This ratio is considered by staff to be very low. A new Economic Volatility Reserve will be created to retain consistent staffing levels during transitory economic downturns.

Cost Centers - Development, Recreation, Human Services Special Revenue Fund - primarily supported by fees rather than taxes, "insulate" the General Fund and are used to benefit fee payers. Development Cost Center is currently below target and review is under way to correct its fund balance.

Staff concluded that the City is on "sound financial footing" and in a modest financial recovery. Focus of the new budget will be to "address unmet needs" including staff levels. Citing City fiscal restraint and judicious use of reserves as the City emerges from the recent "Great Recession," City Manager Fred Diaz concluded, "We earned where we are now."

Public budget hearings and discussion of Capital Improvement Program are scheduled for Fremont City Council meetings on June 4 and June 11.

Mayor Bill Harrison Aye
Vice Mayor Anu Natarajan Aye
Suzanne Lee Chan Aye
Vinnie Bacon Aye
Raj Salwan Aye

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