Debt & Fiduciary Funds
FY 2023-25 PROPOSED POLICY BUDGET
Funds are groups of revenue and expenditure accounts that must be balanced individually and separately. The City’s Budget contains over 100 funds. This page contains a miscellaneous group of funds that cover a variety of City functions. These funds are bond measures and other debts, and employee pension funds.
The financial statements collect funds in broader grouping and contain a number of accrual funds that are not used for budgetary purposes.
DEBT SERVICE FUNDS
(6000-6999)
6013 - 2013 LED Streetlight Acquisition Lease Financing
Source of Funds: Funds Transfer from LLAD (2310)
Use of Funds: Debt service payment for the LED Streetlight lease
6029 - Taxable Pension Obligation Bonds: 2012 Series-PFRS
Source of Funds: Property tax revenue for pension override
Use of Funds: Bank and bond expenditure for both principal and interest for Pension Obligation Bonds (POBs)
6032 - Taxable Pension Obligation Bonds 2001 Series
Source of Funds: Property tax revenue for pension override
Use of Funds: Bank and bond expenditure for both principal and interest for POBs
6036 - JPFA Refunding Revenue Bonds: 2008 Series A-1 (Tax-Exempt)
Source of Funds: Proceeds from Revenue Bonds 2008 Series A (tax exempt)
Use of Funds: Refunding JPFA Revenue Bonds: 2005 Series
6064 - General Obligation Refunding Bonds, Series 2015A
Source of Funds: General Obligation Bond: Series 2015A
Use of Funds: Refunding General Obligation Bond series 2005, 2006 and 2009B
6312 - General Obligation Bond (GOB): 2012 Series
Source of Funds: Voter-approved Measure DD and Measure G assessments
Use of Funds: Debt service payments of interest and principal for GOB 2012
6322 - Measure DD 2017C Clean Water, Safe Parks & Open Space Trust Fund for Oakland
Source of Funds: Voter-approved Measure DD assessments
Use of Funds: Principal and interest on long-term debt
6330 - Measure KK: 2017A-1 (TE) Infrastructure and Affordable Housing
Source of Funds: General Obligation Bond: Series 2017A-1 (Tax-Exempt)
Use of Funds: Capital improvements including infrastructure and projects including transportation and public facilities
6331 - Measure KK: 2017A-2 (Taxable) Infrastructure and Affordable Housing
Source of Funds: General Obligation Bond: Series 2017A-2 (Taxable)
Use of Funds: Acquisition, rehabilitation, or new construction of affordable housing
6332 - Measure KK: 2020B-1 GOB
Source of Funds: Reissuance of Measure KK bonds in 2020
Use of Funds: Finance Measure KK projects and costs related to the issuance of the bonds
6333 - Measure KK: 2020B-2 GOB
Source of Funds: Reissuance of Measure KK bonds in 2020
Use of Funds: Finance Measure KK projects and costs related to the issuance of the bonds
6334 - 2020 GOB Refunding
Source of Funds: Reissuance of bond in 2020
Use of Funds: Refund Prior Bonds for debt service savings
6335 - Measure KK Infrastructure Series: 2022C-1 GOB
Source of Funds: Reissuance of Measure KK bonds in 2022
Use of Funds: Finance Measure KK projects and costs related to the issuance of the bonds
6337 - Measure KK: Series 2023 GOB
Source of Funds: Reissuance of Measure KK bonds in 2023
Use of Funds: Finance Measure KK projects and costs related to the issuance of the bonds
6340 - Measure U: Affordable Housing & Infrastructure GOB
Source of Funds: Measure U bonds
Use of Funds: Finance Measure U projects and costs related to the issuance of the bonds
6540 - Skyline Sewer District - Redemption
Source of Funds: Repayment agreement with homeowners
Use of Funds: Pay for street light undergrounding liability
6557 - Piedmont Pines P1 2018 Reassessment Refunding Bond
Source of Funds: Negative fund repayment pursuant to Resolution No. 87140 C.M.S.
Use of Funds: Negative fund repayment pursuant to Resolution No. 87140 C.M.S.
6587 - 2012 Refunding Reassessment Bonds-Debt Service
Source of Funds: Special property tax assessment from Reassessment District No 99-1
Use of Funds: Bank and bond expenditure for both principal and interest
6613 - JPFA Lease Revenue Refunding Bonds, Series 2018
Source of Funds: Proceeds from refunding of lease revenue bonds and other funding sources
Use of Funds: Construction of City Administration Building
6999 - Miscellaneous Debt Services
Source of Funds: Revenue from sale of season tickets
Use of Funds: Debt service on the Coliseum and renovation Lease Revenue Bonds
FIDUCIARY FUNDS/TRUST & AGENCY FUNDS
(7000-7999)
7100 - Police and Fire Retirement System
Source of Funds: City Police and Fire Retirement System contributions
Use of Funds: City administrative costs related to the Police and Fire Retirement System
7130 - Employee Deferred Compensation
Source of Funds: Employee deferred compensation contributions
Use of Funds: Account for employees' deferred compensation contributions and disbursements
7320 - Police and Fire Retirement System Refinancing Annuity Trust
Source of Funds: Pension Annuity receipts
Use of Funds: Transfer to General Purpose Fund to support accrued pension liability payments
7540 - Oakland Public Library Trust
Source of Funds: Donations, endowments and contributions from individuals and private corporations
Use of Funds: Library Programs
7640 - Oakland Public Museum Trust
Source of Funds: Donations and proceeds from fundraising activities
Use of Funds: Museum programs and improvements
7760 - Grant Clearing
Source of Funds: Recoveries of departmental burden charges to other subordinate programs within departments
Capital project funding for personnel expenditures
Use of Funds: Administrative costs in departments that are largely supported by grant and other restricted funding sources
Personnel costs that are directly supported by capital projects
7999 - Miscellaneous Trusts
Source of Funds: Donations and endowments
Use of Funds: Miscellaneous programs and services