pages: FinanceAndManagementCommittee/2014-02-25.pdf, 5
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FinanceAndManagementCommittee | 2014-02-25 | *Finance & Management Meeting Minutes February 25, 2014 Committee 9 Subject: Balancing The Remaining Fiscal Year 2013-2014 Budget From: Office Of The City Administrator Recommendation: Adopt A Resolution Authorizing The Balancing Of The Remaining Fiscal Year 2013-2014 Budget By Instructing The City Administrator To: (1) Increase The Revenue Projection In The General Purpose Fund By $18,122,435; (2) Appropriate Additional Expenditures In An Amount Not To Exceed $7,747,810; (3) Increase General Purpose Fund Reserve In An Amount Of $637,017; (4) Report Back With Cost Containment Strategies In May 2014 For The FY 2014-2015 Budget; And, Bring A Balanced Budget By The Mid-Cycle Budget Process In June 2014 For FY 2014-2015 [TITLE CHANGE] 13-0314 A motion was made by President Pro Tempore Kaplan, seconded by Council President Kernighan, that this matter be Continued to the *Finance & Management Committee, due back on March 11, 2014. The motion carried by the following vote: Votes: Councilmember Aye: Member Brooks, President Pro Tempore Kaplan, Council President Kernighan and Chair Schaaf The Committee also directed staff to clarify the report by limiting it exclusively to the current budget adjustments, not future budgets. View Report.pdf View Supplemental Report.pdf View Supplemental Report.pdf 84897 CMS.pdf 10 Subject: Establishing An Unfunded Liability Reserve From: Councilmember Libby Schaaf Recommendation: Adopt A Resolution Establishing An Unfunded Liability Reserve And Allocating $534,500 To That Reserve As Contemplated By The 2013-2015 "All-In" Budget 13-0246 View Report.pdf Open Forum (TOTAL TIME AVAILABLE: 15 MINUTES) There were no Open Forum speakers. Adjournment There being no further business, and upon the motion duly made, the Oakland City Council Finance & Management Committee adjourned the meeting at 11:04 A.M. In the event of a quorum of the City Council participates on this Committee, the meeting is noticed as a Special Meeting of the City Council; however no final City Council action can be taken. City of Oakland Page 5 Printed on 4/1/14 | 5 | FinanceAndManagementCommittee/2014-02-25.pdf |