File #: 07-1641-3    Version: 1 Name: City Of Oakland Budget
Type: Ordinance Status: In Council
File created: 10/13/2008 In control: *Finance & Management Committee
On agenda: 10/28/2008 Final action: 11/6/2014
Title: Subject: City Of Oakland Budget From: Office of the City Administrator Recommendation: Adopt The Following Pieces Of Legislation: 1) An Ordinance Amending Ordinance No. 12502 C.M.S. To (1) Clarify The General Purpose Fund (GPF) Reserve Requirements; (2) Consolidate All Municipal Capital Projects In The Capital Improvements Reserve Fund; (3) Require A Mayoral Declaration Of Fiscal Emergency And Approval By Council Before The GPF Reserve Can Be Drawn Down; (4) Require That Real Property Transfer Tax Revenues In Excess Of $40 Million Be Deposited In The GPF Reserve And The Capital Improvements Reserve Fund; (5) Require That One-Time Revenues Be Used To Repay Negative Fund Balances And Fund Capital Improvement Projects; And (6) Provide Criteria For Project Carryforwards And Encumbrances In The GPF; And
Attachments: 1. View Report.pdf, 2. View Supplemental Report.pdf
Title
Subject:      City Of Oakland Budget
From:            Office of the City Administrator
Recommendation: Adopt The Following Pieces Of Legislation:
 
1) An Ordinance Amending Ordinance No. 12502 C.M.S. To (1) Clarify The General Purpose Fund (GPF) Reserve Requirements; (2) Consolidate All Municipal Capital Projects In The Capital Improvements Reserve Fund; (3) Require A Mayoral Declaration Of Fiscal Emergency And Approval By Council Before The GPF Reserve Can Be Drawn Down; (4) Require That Real Property Transfer Tax Revenues In Excess Of $40 Million Be Deposited In The GPF Reserve And The Capital Improvements Reserve Fund; (5) Require That One-Time Revenues Be Used To Repay Negative Fund Balances And Fund Capital Improvement Projects; And (6) Provide Criteria For Project Carryforwards And Encumbrances In The GPF; And