Kelly Cox

speaker

1,881 appearances 25 recordings 1 series first heard Jan 2025 last heard 7 Jul

Kelly Cox’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 8 in all, peaking in Mar 2026 with 2.

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Santa Clara City Council · City Council and Authorities Concurrent on 2026-03-05 6:00 PM - Mar 05, 2026 · 5 Mar 2026 meeting

perhaps do the same projects or maybe serve some of the same purpose and as i understand it that now is underfunded significantly and will not be full until 2031 potentially based on the new capital expenditures and just as a point of clarification

I see that the $1.7 million in other expenses was detailed out.

There's an $838,000 line item that is staffing.

Just as a point of clarification, I would like to know why that staffing line wasn't in the administration and staffing budgeted line item already existing in the operating budget and it was chosen to be put into other expenses.

is that I think I figured it out.

Regardless of if the management company books the 36 within the three-year period, they would be the ones liable to pay that.

Thanks, and that makes sense because you're saying that the reserves in totality will probably end up at $110 million by fiscal year 35-36.

I think my concern with that is if we're projecting $103 million in the upcoming fiscal year and the growth there is roughly $7 million, but we have $75 million in anticipated capital reserves, clearly we're outpacing

our need is greater than our reserves, correct?

And I just wanted clarification because I think I misspoke and then...

maybe led this the wrong way, but I believe in the proposed budget the demolition and renovation fund was targeted to be funded by 2031, and now we're saying that it will not be done within the next 10 years.

Is that correct?

Santa Clara City Council · City Council and Authorities Concurrent on 2026-02-24 5:30 PM - Feb 24, 2026 · 24 Feb 2026 meeting

Thanks, Director Lee.

I'm gonna take a second on this to try to wrap my mind around it.

Again, I think that I can't walk away from this not being concerned about our budget going forward and our preparation.

So I'd like to frame my questions both from a policy standpoint and just an understanding standpoint.

again having worked in this position for a year now i think that having the public really understand how this work is working is important so um i might over explain a little bit just for clarity some of that is for public insight but i want to start just looking at the report um i do see a clear line item showing 67.4 million in revenue that was

bolded and easy to follow.

I had a hard time trying to figure out what total expenses were.

But if I did my math, I think that we saw the operating budgets, administrative costs, but there's 27 or 28 million in transfers out to do these reserve funds that we need to fill.

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