Special City Council
May 29, 2024
RECOMMENDATION
AGENDA REPORT
Staff Recommends That The City Council Receive This Informational Report on the Mayor’s Proposed Fiscal Year (FY) 2024-25 Midcycle Budget
EXECUTIVE SUM MARY
The Mayor’s Fiscal Year (FY) 2024-25 Proposed Policy Midcycle Budget was published on May 24, 2024. This informational report was written to provide the City Council an overview on the proposed one-year spending plan that the City Administrator will appropriate during FY 2024-25.
Approval of the proposed resolutions will invest in the City Council shared priorities (Housing Security & Homelessness Solutions, Community Safety, Prevention and Healing, Good Jobs and Vibrant Economy, and Clean, Healthy, Sustainable Neighborhoods).
BACKGROUND /
LEGISLATIVE HISTORY
Per Section 801 of the Oakland City Charter, the City Council is required to adopt a budget by June 30 to authorize expenditures for the following fiscal year. If a budget is not adopted by June 30, the appropriations of the previous fiscal year are deemed to be effective until the new budget and appropriation measures are adopted.
ANALYSIS AND POLICY ALTERNATIVES
The FY 2023-25 Proposed Policy Budget totals more than $2.23 billion over the next fiscal years (see Table 1). This Proposed Midcycle Budget freezes or deletes a net 1-year total of 98 vacant full-time equivalents (FTE) above and beyond those frozen and deleted during biennial budget adoption, and results in no layoffs. This budget invests in the four City Council Priorities:
TO: Jestin D. Johnson FROM: Erin Roseman
City Administrator Finance Director
SUBJECT: Informational Report on the Mayor’s
Proposed FY 2024-25 Midcycle
Budget
DATE: May 21, 2024
City Administrator Approval Date:
Jestin Johnson (May 24, 2024 09:07 PDT)
May 24, 2024
To: Jestin D. Johnson, City Administrator
Subject: Informational Report on the Mayor’s Proposed FY 2024-25 Midcycle Budget Date: May 21, 2024 Page 2
Special City Council
May 29, 2024
1) holistic community safety, 2) housing, economic, and cultural security, 3) vibrant, sustainable infrastructure, and 4) responsive, trustworthy government.
Table 1: Revenues, Expenditures, & Full-time Equivalent Positions FY 2023-24
Biennial Adopted
FY 2024-25
Biennial Adopted
FY 2024-25
Midcycle Proposed
General Purpose Fund $830,158,436 $847,271,764 $898,057,458 Restricted Special Funds $1,285,684,571 $1,293,333,671 $1,334,744,661 Total - All Funds $2,115,843,007 $2,140,605,435 $2,232,802,119 Full-Time Equivalent
Positions - GPF 2,425.79 2,459.96 2,115.28
Full-Time Equivalent
Positions - All Funds 4,744.73 4,758.73 4,611.75
Please see the FY 2024-25 Proposed Midcycle Budget document for details on the proposed budget. The FY 2023-25 Proposed Budget may be accessed online in interactive budget book on the FY 2024-25 Budget website: www.Oaklandca.gov/budget
FISCAL IMPACT
The fiscal impacts are described in the FY 2024-25 Proposed Midcycle Budget.
PUBLIC OUTREACH / INTEREST
The biennial budget development process includes various opportunities for community input.
The process began with a scientifically conducted poll on community priorities, which was conducted and presented to the City Council in March 2023. A public meeting was held (the City Council Retreat) on March 3, 2023, to discuss individual Councilmembers and shared budget priorities.
Community Budget Forums were held in the month of May 2023 on the proposed biennial budget. Several special budget meetings are scheduled for May and June in City Hall.
See the City’s Budget website for additional information: www.oaklandca.gov/budget.
COORDINATION
The Finance Department worked with all City Departments in preparing the FY 2024-25 Midcycle Proposed Budget.
To: Jestin D. Johnson, City Administrator
Subject: Informational Report on the Mayor’s Proposed FY 2024-25 Midcycle Budget Date: May 21, 2024 Page 3
Special City Council
May 29, 2024
SUSTAINABLE OPPORTUNITIES
Economic: The City’s Budget represents over $2.23 billion in annual expenditures into the local economy over the next two years. There could be significant economic impacts depending on the decisions made by the Mayor and Council.
Environmental: The impact of the City’s appropriation can have a considerable effect on the local environment impacts depending on the decisions made by the Mayor and Council.
Race & Equity: The budget is a significant tool for improving equity. Budgetary service impact statements reflect immediately available information of the proposed budgets impacts on vulnerable communities. The Proposed Budget specifically addresses areas of Housing Security & Homelessness Solutions, Community Safety, Prevention and Healing, Good Jobs and Vibrant Economy, and Clean, Healthy, Sustainable neighborhoods, all of which have equity considerations.
ACTION REQUESTED OF THE CITY COUNCIL
Staff Recommends That The City Council Receive This Informational Report On The Mayor’s Proposed Fiscal Year (FY) 2024-25 Midcycle Budget
For questions regarding this report, please contact Brad Johnson, Budget Administrator, at (510) 207-5730.
Respectfully submitted,
ERIN ROSEMAN
Director of Finance
Finance Department
Prepared by:
Bradley Johnson, Budget Administrator