pages: FinanceAndManagementCommittee/2009-05-26.pdf, 9
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FinanceAndManagementCommittee | 2009-05-26 | *Finance & Management Meeting Minutes May 26,2009 Committee 12 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) 09-0452 A motion was made by Member De La Fuente, seconded by Member Kernighan, that this matter be Continued to the *Finance & Management Committee, due back on June 9, 2009. The motion carried by the following vote: Votes: Councilmember Aye: Member Kernighan, Member De La Fuente, Chair Quan and Member Nadel View Report.pdf View Supplemental Report.pdf View Supplemental Report.pdf S-13 Subject: Seized Property Tax Funds From: Finance and Management Agency Recommendation: Adopt A Resolution Finding Severe Fiscal Hardship Will Exist If Additional City Property Tax Funds Are Seized And Additional Unfunded Mandates Are Adopted By The State Of California 09-0460 A motion was made by Member De La Fuente, seconded by Member Kernighan, that this matter be Continued to the *Finance & Management Committee, due back on June 9, 2009. The motion carried by the following vote: Votes: Councilmember Aye: Member Kernighan, Member De La Fuente, Chair Quan and Member Nadel View Report.pdf 82072 CMS.pdf Open Forum (TOTAL TIME AVAILABLE: 15 MINUTES) The following individual spoke under Open Forum: - Sanjiv Handa Adjournment There being no further business, and upon the motion duly made, the Oakland City Council Finance and Management Committee adjourned the meeting at 2:20 p.m. City of Oakland Page 9 Printed on 7/2/09 | 9 | FinanceAndManagementCommittee/2009-05-26.pdf |