pages: JointPowersFinancingAuthorityandtheFinanceAndManagementCommittee/2008-03-11.pdf, 5
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JointPowersFinancingAuthorityandtheFinanceAndManagementCommittee | 2008-03-11 | *Special Concurrent Meeting of the Meeting Minutes March 11, 2008 Joint Powers Financing Authority and the Finance & Management Committee 4 Subject: Second Quarter Revenue and Expenditure Report From: Budget Office Recommendation: Receive A Report On Fiscal Year 2007-2008 Second Quarter Revenue And Expenditure Results And Year-End Projections For Four Selected Funds - General Purpose Fund (1010), Telecommunications Reserve Fund (1760), Equipment Fund (4100), City Facilities Fund (4400) 07-0797 Play Video A motion was made by Member Brunner, seconded by Member De La Fuente, that this matter be *Approve the Recommendation of Staff, and Forward to the Concurrent Meeting of the Oakland Redevelopment Agency/ City Council, due back on March 18, 2008 as a Consent Calendar item. The motion carried by the following vote: Votes: Councilmember Aye: Member Brunner, Member Nadel, Member De La Fuente and Chair Quan The Committee directed Staff to submit in the Third Quarter Revenue and Expenditure Report the following: 1) An updated analysis of the State cuts, especially the sales taxes; 2) Options for paying down or establishing a trust fund for the Pension Fund (OPEB) for the long-term deficit; 3) An analysis of the impacts of Foreclosures; and 4) The best options for the Internal Services Fund (i.e. growth of. fund) The following individual(s) spoke and did not indicate a position on this item: - Sanjiv Handa View Report.pdf View Report.pdf City of Oakland Page 5 Printed on 4/9/08 | 5 | JointPowersFinancingAuthorityandtheFinanceAndManagementCommittee/2008-03-11.pdf |