24-0534
Subject: FY 2024-25 Proposed Midcycle Budget Legislation From: Finance Department Recommendation: Adopt A Resolution: 1. Adopting The Midcycle Budget For Fiscal Year 2024-25 And Appropriating Funds To Cover Expenditures Approved By Said Budget; 2. Authorizing The City Administrator To Transfer Funds Between Departments, Programs And Funds As Necessary To Support Departmental Reorganization As Set Forth In The Adopted Policy Budget For Fiscal Year 2024-25; 3. Creating The Following Funds: Fund 4510 - Personnel Management Fund, Fund 5338 - Measure KK Infrastructure Series 2024E GOB (Tax Exempt), Fund 5342 Measure U: Infrastructure Series 2024 B-1 GOB (Tax Exempt), Fund 5343 - Measure U: Affordable Housing & Infrastructure Series 2024B-2 GOB (Taxable); 4. Taking All Steps Necessary To Apply For And Receive Additional Funds Required To Advance And Complete The Projects Identified In The Capital Improvement Program And Accept And Appropriate Any Additional Funds Provided That Such Acceptance Is Consistent With And Does Not Otherwise Negatively Impact The City’s Capital Improvement Program; 5. Declaring A State Of Extreme Fiscal Necessity And The Existence Of A Severe And Unanticipated Financial Event; 6. Suspending For Fiscal Year 2024-2025 The Charter Mandated Minimum Staffing Budget Set Asides For The Office Of The City Auditor; And 7. Suspending The Minimum Budget Set Asides For The Democracy Dollars Fund And For Non-Staff Costs Related To The Public Ethics Commission’s Administration Of The Oakland Fair Elections Act’s Democracy Dollars Program; 8. Adopting A Contingency Budget And Associated Fiscal Measures That Shall Take Effect No Later Than October 1st 2024 If Anticipated Revenue From Land Sales Is Not Available By September 1st 2024
- Committee
- Special Concurrent Meeting of the Oakland Redevelopment Successor Agency/City Council
- Requested by
- Finance Department
- Introduced
- June 5, 2024
- On agenda
- June 26, 2024
- Passed
- June 28, 2024
- Enacted
- June 28, 2024
- Enactment no.
- 90326 C.M.S