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Oakland City Hall,
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Oakland, California 94612
City of Oakland
Meeting Minutes - DRAFT
*Finance & Management Committee
Oakland City Hall, 1 Frank H. Ogawa Plaza,
Oakland, California 94612
City of Oakland Website: http://www.oaklandca.gov
9:30 AM City Council Chamber, 3rd FloorTuesday, March 26, 2024 The Oakland City Council Finance And Management Committee convened at 9:34 A.M. with Councilmember Jenkins presiding as Chairperson.
Roll Call / Call To Order
Nikki Fortunato Bas, Rebecca Kaplan, Kevin Jenkins, and Janani RamachandranPresent 4 - 1 Approval Of The Draft Minutes From The Committee Meeting Of March 12, 2024 24-0184
View ReportAttachments:
A motion was made by Rebecca Kaplan, seconded by Nikki Fortunato Bas, that this matter be Accepted. The motion carried by the following vote:
Aye Fortunato Bas Kaplan Jenkins, Ramachandran4 -
NO VOTE 0
2 Determination Of Schedule Of Outstanding Committee Items 24-0185
View Report
View Supplemental Report - 3/21/2024
Attachments:
A motion was made by Rebecca Kaplan, seconded by Janani Ramachandran, that this matter be Accepted. The motion carried by the following vote:
Aye Fortunato Bas Kaplan Jenkins, Ramachandran4 -
NO VOTE 0
The Agenda Was Modified To Note Item 6 Taken Out Of Order And To Be Heard Alongside Item 3
March 26, 2024*Finance & Management Committee Meeting Minutes - DRAFT 3 Subject: FY 2023-24 Second Quarter (Q2) Revenue And Expenditures (R&E) Report From: Finance Department
Recommendation: Receive An Informational Report On Fiscal Year (FY) 2023-24 Second Quarter (Q2) Revenue And Expenditure (R&E) Results And Year-End Projections For The General Purpose Fund (GPF, 1010), And Select Funds 24-0156
View Report
View Attachment A
Attachments:
2 Speakers Spoke On This Item
A motion was made by Nikki Fortunato Bas, seconded by Rebecca Kaplan, that this matter be Received and Filed. The motion carried by the following vote:
Aye Fortunato Bas Kaplan Jenkins, Ramachandran4 -
NO VOTE 0
6 Subject: FY 2024-25 Midcycle Budget General Purpose Fund Deficit From: Finance Department
Recommendation: Receive An Informational Report That Provides An Overview Of The Financial And Structural Challenges Facing The City During And After The Fiscal Year (FY) 2024-25 Midcycle Budget
24-0220
VIew ReportAttachments:
The Committee Approved The Recommendations Of Staff To Receive And Forward This Item To The April 16, 2024 City Council Agenda On Consent The Committee Requests The Following To Be Included In The Supplemental Report:
- The Number of Businesses That Have Paid And Have Not Paid Taxes For Fiscal Year 2023 -24
- How Much Of Those Taxes Did The City End Up Collecting In Fiscal Year 2022 -23
- Information On A Chart Showing Year-By-Year, Business Category, And What Taxes Were Paid Or Unpaid And Whether The Delinquency Notices Were Sent - What Are The Statute Of Limitations To Collect On The Delinquencies 3 Speakers Spoke On This Item
A motion was made by Nikki Fortunato Bas, seconded by Rebecca Kaplan, that this matter be Received and Forwarded to go before the * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council, to be heard 4/16/2024. The motion carried by the following vote:
Aye Fortunato Bas Kaplan Jenkins, Ramachandran4 -
NO VOTE 0
March 26, 2024*Finance & Management Committee Meeting Minutes - DRAFT 4 Subject: Oakland PFRS Investment Portfolio As Of December 31, 2023 From: Finance Department
Recommendation: Receive An Informational Report On The Oakland Police And Fire Retirement System’s (“PFRS”, Or “System”) Investment Portfolio As Of December 31, 2023
24-0157
View Report
View Attachment A
Attachments:
0 Speakers Spoke On This Item
A motion was made by Rebecca Kaplan, seconded by Nikki Fortunato Bas, that this matter be Received and Filed. The motion carried by the following vote:
Aye Fortunato Bas Kaplan Jenkins, Ramachandran4 -
NO VOTE 0
5 Subject: Status Of Negative Funds Citywide Through June 30, 2023 From: Finance Department
Recommendation: Receive An Informational Report On The Status Of Negative Funds Through June 30, 2023
24-0195
VIew Report
View Attachment A
Attachments:
1 Speaker Spoke On This Item
A motion was made by Rebecca Kaplan, seconded by Nikki Fortunato Bas, that this matter be Received and Filed. The motion carried by the following vote:
Aye Fortunato Bas Kaplan Jenkins, Ramachandran4 -
NO VOTE 0
Open Forum
1 Speaker Spoke During Open Forum.
Adjournment
There being no further business, The Oakland City Council Finance And Management Committee adjourned the meeting at 11:07 A.M. * In the event of a quorum of the City Council participates on this Committee, the meeting is noticed as a Special Meeting of the City Council; however no final City Council action can be taken.
March 26, 2024*Finance & Management Committee Meeting Minutes - DRAFT Americans With Disabilities Act
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