FY 2026-27 Proposed Midcycle Budget
Subject: FY 2026-27 Proposed Midcycle Budget
From: Finance Department
Recommendation: Adopt A Resolution (1) Adopting The Midcycle Budget For Fiscal Years 2026-27 And Appropriating Funds And Revenues To Cover Expenditures Approved By Said Budget; And (2) Authorizing The City Administrator To Transfer Funds Between Departments, Programs And Funds As Necessary To Support Operations As Set Forth In The Adopted Policy Budget For Fiscal Year 2026-27; And (3) Authorizing All Actions Necessary To Apply For Accept And Appropriate Additional Funds Required To Advance And Complete The Projects Identified In The Capital Improvement Program Provided That Such Acceptance Is Consistent With And Does Not Otherwise Negatively Impact The City’s Capital Improvement Program; And (4) Authorizing The City Administrator To Accept And Appropriate Future Settlement Proceeds Received By The City; And (5) Authorizing The City Administrator To Accept And Appropriate Future Insurance Recoveries Proceeds Received By The City For The Repair Or Replacement Of Damaged City Assets; And (6) Authorizing The City Administrator To Appropriate Funds As Necessary To Satisfy Legally Required Payments Or Payments Related To Unfunded Liability; And (7) Declaring A State Of Extreme Fiscal Necessity And The Existence Of A Severe And Unanticipated Financial Event; And (8) Suspending For Fiscal Years 2026-2027 The Charter Mandated Minimum Staffing Budget Set Asides For The Public Ethic Commission; And (9) Suspending The Minimum Budget Set Asides For The Democracy Dollars Fund And For Non-Staff Costs Related To The Public Ethics Commission’s Administration Of The Oakland Fair Elections Act’s Democracy Dollars Program