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OaklandRedevelopmentSuccessorAgencyAndCityCouncil,2021-03-16,"Special Concurrent Meeting of the
Meeting Minutes - FINAL
March 16, 2021
Oakland Redevelopment Successor
Agency/City Council
S18
Subject:
Budget Amendments To Fiscal Year 2020-21 Mid-Cycle Amendments
From:
Vice Mayor Kaplan
Recommendation: Approve A Report And Recommendation Amending Resolution
88174, Which Adopted The Fiscal Year 2020-2021 Mid-Cycle Amendments, To Among
Other Things, Clarify The Process For Expending Newly Obtained Funds, To Appropriate
Federal Funding To Fill The General Purpose Fund Gap, To Allocate $10 Million
Obtained From The Coliseum Authority To Fund Public Services Including In The Fire
Department And More
[TITLE CHANGE]
21-0190
Attachments:
View Report - 1
View Report Exhibit 2
View Report - 2
The Council gave direction moved by President Bas and Seconded by Vice Mayor
Kaplan to
1. Request review and re port from Harvey Rose Assoc. regarding (1) which
administrative reductions were
implemented from December 20,2020 memo, (2) which administrative restorations
were made to date, (3) amount and uses of additional administrative overspending
between Q1 and 02, (4) amount of current GPP shortfall, (5) amount needed to
restore the GPF emergency reserve to 7.5%, and (6) new RETT revenue* and any
other revenue or expenditure amounts, not included in the Q2 report
2. What other policies are triggered by receiving new funds (Eg do we need to put
7.5% of the Federal funds into reserves? What are Kids First set-asides)?
3. What purposes can the Federal funds be spent on?
Resolution re amendments to current FY 2020-2021 budget and future allocations of
Federal Funds
4.Council to approve certain allocations of $10M JPA funds and Federal funds for
this fiscal year with information on budget and on what stimulus can be spent on
5. Council to allocate toe remaining Federal funds through toe FY 2021-23 two-year
budget process
6. Administration may not utilize the rest of the new Federal funds without Council
approval at e public meeting
Amendments to Consolidate Fiscal Policy (ordinance)
7. Create a separate, segregated account for the GPF emergency reserve fund
8. Require Council approval for use of foe emergency reserve fund (strengthen
language in CFP re GPF Reserve)
City of Oakland
Page 21
Printed on 8/17/2021",22,OaklandRedevelopmentSuccessorAgencyAndCityCouncil/2021-03-16.pdf