pages: OaklandRedevelopmentSuccessorAgencyAndCityCouncil/2021-03-29.pdf, 10
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OaklandRedevelopmentSuccessorAgencyAndCityCouncil | 2021-03-29 | Special Concurrent Meeting of the Meeting Minutes - FINAL March 29, 2021 Oakland Redevelopment Successor Agency/City Council 3 Subject: Analysis From Harvey Rose On Budget Items From: Council President Fortunato Bas And Vice Mayor Kaplan Recommendation: Receive An Informational Report From The Administration And Analysis From Harvey Rose Associates Containing The Following: (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 First Quarter (Q1) And Second Quarter (Q2), (4) Amount Of Current General Purpose Fund (GPF) Shortfall, (5) Amount Needed To Restore The GPF Emergency Reserve To 7.5%, (6) New Real Estate Transfer Tax (RETT) Revenue, And Any Other Revenue Or Expenditure Amounts, Not Included In The Q2 Report, (7) Cash On Hand, (8) What Other Policies Are Triggered By Receiving New Funds (E.G., Is The City Required To Put 7.5% Of The Federal America Rescue Plan Act (ARPA) Funds Into Reserves? What Are Kids First Set-Asides?), (9) For What Purposes Can The ARPA Funds Be Spent, And (10) What Other New Funds (E.G., Special-Purpose) Are The City Of Oakland Receiving That Are Not Already Covered In The Budget 21-0201 Attachments: View Report - Council President Fortunato Bas View Report View Supplemental Report - 4/9/2021 View Supplemental Report 2 - 4/9/2021 View Powerpoint 4/9/2021 President Fortunato Bas made a motion, seconded by Vice Mayor Kaplan, to continue the report to the April 12, 2021 Special City Council Agenda with direction for Council Committee to forward questions to the Finance Director and any questions for Harvey and Rose to Council President Fourtunato Bas. A motion was made by Nikki Bas, seconded by Rebecca Kaplan, that this matter be Continued to go before the Special Concurrent Meeting of the Oakland Redevelopment Successor Agency/City Council, to be heard 4/12/2021. The motion carried by the following vote: Aye: 8 - Thao, Taylor, Fortunato Bas, Fife, Gallo, Kalb, Kaplan, and Reid NO VOTE: 0 A motion was moved by Present Fortunato Bas, seconded by Councilmember Taylor and carried to extend the meeting past 5 p.m. City of Oakland Page 9 Printed on 8/17/2021 | 10 | OaklandRedevelopmentSuccessorAgencyAndCityCouncil/2021-03-29.pdf |