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OCII presents FY2015-16 administration and asset-management budgets; commissioners press on Fillmore garage and community funds
Summary
OCII presented a second budget workshop for fiscal 2015-16 covering administration ($11.7M), staffing changes, debt service and asset-management plans; commissioners asked about Fillmore garage deficits, Shoreview Park capital reserves and disposition costs.
OCII staff presented the agency's second workshop on the fiscal year 2015-16 budget at the April 21 meeting, reviewing administration, debt service and asset-management plans and answering commissioners' questions about operating risks in non-major project areas.
In the presentation OCII's finance staff reported an administration budget of approximately $11.7 million, funded in part by property tax increment and other sources. Leo Levinson, Deputy Director of Finance and Administration, said the salary and benefit total was reduced compared with the prior year largely because several staff performing city work had moved to city departments, but OCII proposes 5 new FTEs to support an accelerated work plan. OCII also reflected a change in CalPERS billing (lower percentage with a lump-sum payment), and a $537,000 lump-sum pension payment…
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