Fiscal Year 2013-2015 Special Budget Meeting
Informational ReportFiled under council matter 12-0351
Subject: Fiscal Year 2013-2015 Special Budget Meeting From: City Administrator's Office Recommendation: Receive A Presentation And Hold Discussion On The Mayor's Proposed Budget For Fiscal Year 2013-2015
Extracted text
OrnCE OF THE CITY CLtRK
OAKLAND
13 JUN
PM Z' 15
DISTRIBUTION DATE:
6/24/13_
MEMORANDUM
CITY OF OAKLAND
TO:
HONORABLE MAYOR &
FROM: Fred Blackwell
CITY COUNCIL
SUBJECT: Update on Funding for
DATE:
June 24, 2013
Housing Project Staff Costs
City Administrator
Date
Approval
/s/ Deanna J. Santana
6/24/13
'
INFORMATION
SUMMARY
On Friday, June 21, 2013 staff received good news from the State Department of Finance
("DOF"). After months of continued discussions and documentation provided to DOF in order to
justify the Low.and Moderate Income Housing Project staff costs as an allowable cost on the
Recognized Obligation Payment Schedule ("ROPS") - the June 21^* letter provides approval for
these costs going back to January 1, 2013 through December 31, 2013. This is an estimated total
expenditure of $1.7 million over the 12 month period that will cover the cost of 9.75 FTEs that
directly support affordable housing projects, which will be fianded through Redevelopment
Property Tax Trust Fund ("RPTTF") dollars (former tax increment) rather than the General
Purpose Fund or other sources.
BACKGROUND
The dissolution of redevelopment agencies throughout the state became effective February 1,
2012. Staff has continued to work with the Oakland Oversight Board and the DOF on a number
of issues and mandates resulting from the passage of the ABX 26, the dissolution statute, as well
as the passage of AB 1484 in June 2012, which amended the dissolution statute.
The DOF reviews the City's ROPS (spending plan for enforceable obligations) every six months.
The ROPS in, which covers the period January 1, 2013, through June 30, 2013, was presented to
the ORSA board in July 2012, approved by the Oakland Oversight Board in August 2012, and
submitted to the'DOF prior to the September 1,2012 deadline. Several line items from the ROPS
III were objected to by the DOF. As allowed for in AB 1484, City staff participated in a meet
and confer session in early November 2012 with DOF staff to challenge most of the DOF
objections. As of December 2012, the DOF continued to deny the housing project staff costs