Report to Mayor and City Council
Monday, April 08, 2019
Discussion
SUBJECT:
Title
CITY ATTORNEY BUDGET (CITY COUNCIL)
Body
I. SUMMARY
Councilwoman Davis-Holmes and Mayor Pro Tem Hicks requested the item on the "City Attorney" line item in the City's 2015-2016 CAFR brought back to City Council for further discussion. A full report on the City Attorney budget and expenditures was approved on the March 19 Consent Calendar. Staff's understanding is that the additional discussion would have been less on the City Attorney budget and expenditures, which was well covered in the March 19 report, but rather a more detailed discussion about the $7,964,718 reserved for the Colony Cove litigation, which can now be released back into the General Fund.
II. RECOMMENDATION
Recommendation
Review and Discuss.
Body
III. ALTERNATIVES
None.
IV. BACKGROUND
Councilwoman Davis-Holmes and Mayor Pro Tem Hicks requested the item on the City Attorney's line item in the City's 2015-2016 CAFR brought back to City Council for further discussion. A full report on the City Attorney budget and expenditures was approved on the March 19 Consent Calendar. Staff's understanding is that the additional discussion would have been less on the City Attorney budget and expenditures, which was well covered in the March 19 report, but rather a more detailed discussion about the $7,964,718 reserved for the Colony Cove litigation, which can now be released back into the General Fund.
Staff wanted to confirm that the $7.9 million was in fact reserved outside the unrestricted fund balance of the General Fund, and that it could then be released and added back into the General Fund. The Finance Director confirmed last week that the Colony Cove Litigation reserve was reserved outside the unrestricted fund balance. Finance has now reversed the liability and moved the $7.9 million to the unrestricted fund balance.
The long history of litigation with Colony Cove led to a jury trial in Fe...
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