https://oakland.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=748602&GUID=B0BB3972-4340-4446-B463-9B377DDF96EE&G=15529D0E-EFE8-4C09-817E-CE554309072ELegistar15https://oakland.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=748602&GUID=B0BB3972-4340-4446-B463-9B377DDF96EE&G=15529D0E-EFE8-4C09-817E-CE554309072EB0BB3972-4340-4446-B463-9B377DDF96EE-2025-08-27-20-58-43Title: Subject: General Purpose Fund Clarification From: Councilmember Jean Quan Recommendation: Discussion And Consideration Of An Ordinance Amending Ordinance No. 12502 C.M.S. To Clarify General Purpose Fund (GPF) Reserve Requirements; Require A Mayoral Declaration Of Fiscal Emergency And Approval By Council Before The GPF Reserve Can Be Drawn Down; Require That Excess Real Property Transfer Tax Revenues Be Used To Build Up The GPF Reserve, Pay Back Negative Internal Service Fund Balances, Establish Set-Asides For Other Post-Employment Benefits (OPEB) And Police And Fire Retirement System (PFRS) Liabilities, And Fund Capital Improvements Projects; Require That One-Time Revenues Be Used To Repay Negative Fund Balances In Internal Service And Other Funds; And Provide Criteria For Project Carryforwards And Encumbrances In The GPF (TITLE CHANGE)Wed, 27 Aug 2025 20:58:43 GMT