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SUPPLEMENTAL MATERIAL <br />Staff does not recommend a Friday closure for multiple reasons: <br />• Library patrons often use multiple regional libraries. As Dublin is already <br />closed Fridays, this further limits library access on Fridays. <br />• The Pleasanton Library is currently only open four hours on Sundays. <br />• Recreation Administration, which is housed in the Library is open Monday - <br />Friday. Closing Fridays would negatively impact access to recreation <br />services. <br />• The afterschool program for students at the library would also be negatively <br />impacted by a Friday closure. <br />• Closing Fridays is negatively impactful to staff schedules, requiring some staff <br />to have Thursdays/Fridays as their "weekends." This will make it more difficult <br />to recruit and retain highly qualified and essential staff. <br />A final operational decision will be made after discussion with impacted staff and <br />labor groups. Please be reminded that adopting the budget on June 1711 will not <br />conflict with the discussion regarding library hours. If more time or discussion is <br />needed, operational details can be worked out after the budget adoption. <br />11. Is it intended that when reducing the 115 fund, it is the portion of the 115 that sits <br />in GF Restricted reserve? <br />A. Yes, that is correct. <br />12. Would we even dollar cost average withdraw? <br />A. According to our investment manager, dollar cost averaging withdrawal is not <br />necessary for the $1.0 (year 1) and $2.0 (year 2) the City anticipates to <br />withdraw from the Pension Trust. <br />13. For unrestricted funds, is it correct that in year 2 it will be increased by net <br />$329K? Is it correct that the year 1 impact is $94K, for a total reserve estimate of <br />$30.8M? <br />A. As stated in a response above, the $1.6 million in reduced contribution to the <br />Deferred Maintenance — Asset Management Program minus the $270,000 <br />increase in Fire expenditures resulted in approximately $1.3 million increase <br />in General Fund reserve over two years compared to the reserve presented <br />to the Council on May 20, 2025, with $1.0 million in the restricted pension <br />reserve and $329,000 in the unrestricted reserve. <br />The $329,000 increase in unrestricted reserve is over two years with <br />about $94,000 in reserve reduction in year 1 due to the Fire expenditures <br />and about $423,000 in reserve increase in year 2 ($600,000 in reduced <br />rd <br />