10A - MINUTES - 06-04-2012 - Laserfiche WebLink

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Legal notice published in the Orange County Register May 25, 2012 and June 1, 2012 Mayor Pulido opened the Public Hearing. There were no speakers and the Hearing closed. Council discussion ensued. Councilemmber Benavides requested report on Fiscal Policy. Executive Director of Finance and Management Francisco Gutierrez provided a summary of Policy included in staff report. Councilmember Bustamante thanked staff for efforts to bring balanced budget and Fiscal Policy. Councilmember Sarmiento echoed comments made earlier. Proposed Policy is departure from the past, now more transparent process in managing City's finances and checks and balances; may help improve City's bond rating; reserve policy will be range 5-15%, good element to balance employee concessions and maintain service levels. Mayor Pro Tern Alvarez requested an amendment to her original motion to approve. Add folloing language to the Fiscal Policy: no langauge shall be adopted that requires the City to maintain a minimum or required level of staffing and overtime; important lanugage to protect reserves when negotiating labor contracts. AMENDED MOTION: 1. Place ordinance on first reading and authorize publication of title. ORDINANCE NO. NS-2835 - AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SANTA ANA APPROPRIATING MONIES TO THE SEVERAL OFFICES, AGENCIES AND DEPARTMENTS OF THE CITY FOR THE FISCAL YEAR COMMENCING JULY 1, 2012 2. Adopt amended Fiscal Policy. 3. Approve an Appropriation Adjustment. (Requires five affirmative votes) APPROPRIATION ADJUSTMENT NO. 2012-179 - To shift Risk Management funds and enhance General Fund reserve levels. 4. Adopt resolutions. ¦ RESOLUTION NO. 2012-021 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA TO AMEND RESOLUTION NOS. 82-110, 91-066 AND 96-095 TO EFFECT CITY COUNCIL MINUTES 20 JUNE 4, 2012 1 OA-20