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Record D-43562 · staff_report

FY 2026-27 Proposed Midcycle Budget

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City ResolutionFiled under council matter 26-0787 introduced 2026-06-03
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 Admi

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5 the City Administrator is authorized to apply for accept and appropriate these additional grant funds consistent with the City’s Capital Improvement Program priorities so long as there are no additional costs associated with the City’s acceptance or appropriation of the additional funds beyond reserved grant matching funds, or negative impact on the City’s existing funding resources funds or negative impact on the speed and capacity to deliver funded Capital Improvement Program projects; and be it FURTHER RESOLVED: That if additional grant funds become available to fund Capital Improvement Program projects that are approved but not funded in the Capital Improvement Program, then the City Administrator is authorized to apply for accept and appropriate these additional grant funds consistent with the City’s Capital Improvement Program priorities so long as there are no additional costs associated with the City’s acceptance or appropriation of the additional funds beyond reserved grant matching funds, or negative impact on the City’s existing funding resources funds or negative impact on the speed and capacity to deliver of funded Capital Improvement Program projects; and be it FURTHER RESOLVED: That this resolution serves as a “resolution of local support” to facilitate grant application acceptance and execute restricted grant agreements for named Capital Improvement Program projects that are funded or are approve but not funded when required by external funding agencies, including but not limited to the California Department of Transportation, the United States Department of Transportation, the Metropolitan Transportation Commission, the Alameda County Transportation Commission, etc.; and be it FURTHER RESOLVED: That the opioid abatement and subdivision funding received by the City of Oakland pursuant to National Opioid Settlement Agreements, California State- Subdivision Agreements, California Mallinckrodt Statement Abatement Agreement and any related opioid settlement agreements (“Opioid Remediation Funds”) (see Resolution Nos. 88980, 89534, 89609, 90381, 90879, 91163 C.M.S.) in Fiscal Years 2025-2026 and 2026-2027 will be appropriated to Project 1007641 – Opioid Settlement to be used consistent with the terms of the settlement and bankruptcy agreements; and be it FURTHER RESOLVED: That the City Administrator, through the Medical Services Division of the Oakland Fire Department or as otherwise designated, will oversee the appropriate use of the Opioid Remediation Funds consistent with the terms of the settlement and bankruptcy agreements, including but not limited to annual reporting requirements, applicable guidance from the California Department of Health Care Services, and timely encumbrance within five years of receipt (or seven years for capital outlays) to ensure that monies do not revert to the State of California; and be it FURTHER RESOLVED: That if funding is received by the City of Oakland pursuant to any settlements, then the City Administrator is authorized to accept, appropriate, and expend these settlement funds consistent with the terms of said settlement or agreement; and be it FURTHER RESOLVED: That if funding is received by the City of Oakland pursuant to any insurance claim recoveries for repair or replacement of damaged City assets, then the City Administrator is authorized to accept, appropriate, and expend these funds for the purpose of