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File #: 21-0243    Version: Name:
Type: City Resolution Status: Passed
File created: 4/1/2021 In control: Special Concurrent Meeting of the Oakland Redevelopment Successor Agency/City Council
On agenda: 4/12/2021 Final action: 4/12/2021
Title: Subject: Amendment To Fiscal Year 2020-2021 Budget Updated Title From: Council President Fortunato Bas Recommendation: Adopt A Resolution: (1) Creating The American Rescue Plan Act (“ARPA”) Fund (Fund 2072) From Which No Expenditures Shall Be Made Except For The Purpose And In The Manner Specified By The City Council Following A Public Process And Public Vote Pursuant To Charter Section 806; (2) Accepting And Appropriating The Anticipated Award Of ARPA Funds To The City Of Oakland (“City”) In An Estimated Amount Of One Hundred Ninety-Two Million Eighty-Four Thousand One Hundred Five Dollars ($192,084,105) To The ARPA Fund (Fund 2072); (3) Authorizing The City Administrator To Take Any And All Actions Necessary To Receive ARPA Funds Awarded To The City; (4) Amending Resolution No. 88174, Which Adopted The Fiscal Year (“FY”) 2020-21 Midcycle Budget Adjustments, To Allocate ARPA Funds In An Amount Not To Exceed Fifty-Six Million One-Hundred Thirty Thousand Dollars ($56,130,000)...
Attachments: 1. View Report, 2. View Resolution, 3. View Exhibit, 4. 88574 CMS
Title
Subject: Amendment To Fiscal Year 2020-2021 Budget Updated Title
From: Council President Fortunato Bas
Recommendation: Adopt A Resolution:

(1) Creating The American Rescue Plan Act (“ARPA”) Fund (Fund 2072) From Which No Expenditures Shall Be Made Except For The Purpose And In The Manner Specified By The City Council Following A Public Process And Public Vote Pursuant To Charter Section 806;

(2) Accepting And Appropriating The Anticipated Award Of ARPA Funds To The City Of Oakland (“City”) In An Estimated Amount Of One Hundred Ninety-Two Million Eighty-Four Thousand One Hundred Five Dollars ($192,084,105) To The ARPA Fund (Fund 2072);

(3) Authorizing The City Administrator To Take Any And All Actions Necessary To Receive ARPA Funds Awarded To The City;

(4) Amending Resolution No. 88174, Which Adopted The Fiscal Year (“FY”) 2020-21 Midcycle Budget Adjustments, To Allocate ARPA Funds In An Amount Not To Exceed Fifty-Six Million One-Hundred Thirty Thousand Dollars ($56,130,000) And The Ten Million Dollars ($10,000,000) Received From The Oakland-Alameda County Coliseum Joint Powers Authority To:

(A) Balance The FY 2020-21 Budget By (i) Closing The Deficit In The General Purpose Fund (“GPF”) (Fund 1010); (ii) Closing The Deficit And Replenishing Required Reserve Amounts In The Office Of Parks And Recreation Cultural Advisory (“OPRCA”) Self-Sustaining Revolving Fund (1820), The Measure Z Violence Prevention And Safety Act Of 2014 Fund (2252), And The Measure C Transient Occupancy Tax (“TOT”) Surcharge Fund (2419); And (iii) Replenishing The City’s Emergency Reserve Fund;

(B) Align The General Purpose Fund (Fund 1010), The Office Of Parks And Recreation Cultural Advisory (“OPRCA”) Self-Sustaining Revolving Fund (1820), The Measure Z Violence Prevention And Safety Act Of 2014 Fund (2252), And The Measure C Transient Occupancy Tax (“TOT”) Surcharge Fund (2419) With Revenue And Expenditures Forecasted For Said Funds In The Second Quarter (“Q2”) Reven...

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