Jestin D. Johnson, City Administrator
Subject: FY 2025-26 Q3 R&E Report
Date: May 14, 2026 Page 1
Finance and Management Committee
May 26, 2026
Attachment A: FY 2025-26 Q3 Detailed Report
TABLE OF CONTENTS
The report has the following major sections:
1. General Purpose Fund Q3 Revenues
2. General Purpose Fund Q3 Expenditures
3. General Purpose Fund Q3 Fund Balance
4. Reserves
Appendixes:
Consolidated Fiscal Policy
Jestin D. Johnson, City Administrator
Subject: FY 2025-26 Q3 R&E Report
Date: May 14, 2026 Page 2
Finance and Management Committee
May 26, 2026
I. GENERAL PURPOSE FUND FY 2025-26 Q3 REVENUES
Q3 HIGHLIGHTS OF THE TOP 5 GPF REVENUE CONTRIBUTORS
Property Tax: FY 2025-26 collections of the City's largest revenue source through Q3 are at $190.61 million or 59.1% of the Adjusted Budget of $322.29 million, and are now projected to end the year at $312.26 million, which is $10.04 million or 3.1% below the Adjusted Budget.
Property Tax is calculated as a percentage of a property's assessed value and therefore fluctuates in direct aligning with the changes in the assessed valuations. The Assessed Value growth changes for the City reported in 2025-26 reflect the events that occurred in the 2024 calendar year.
Baseline Adjustment: The 2% CPI cap under Proposition 13 remained in effect, providing modest baseline growth.
Market Activity (2024 impact on 2025–26 roll): Home sales volume increased year-over-year despite elevated interest rates, with moderate price growth that varied by region. Prices trending downward allowed for more volume.
Assessment Roll Growth: Citywide assessed value growth slowed sharply to 0.8% or approximately $739 million in FY 2025–26, down from 4.6% or approximately $3.93 billion in FY 2024–25, indicating significant deceleration in overall value expansion.
Performance Overview by Sector:
• Residential: 1.9%, $1.27B, primary driver of growth; 37% of gains tied to reclassification of vacant parcels to residential.
• Industrial: 4.3%, $160M, driven by sale prices exceeding prior enrolled values. • Commercial: Negative 2.8%, negative $346M, reflecting successful appeals and devalued sales.
• Vacant: Declined due to parcel reclassification.
• Institutional: Temporary increase due to delayed exemption processing (primarily churches and hospitals).
The reduction in overall assessed value growth for the City this year is primarily due to Proposition 8 (Prop 8) reductions, concentrated in the commercial sector. Prop 8 allows temporary reductions in assessed value when a property’s market value falls below its adjusted base year value as of January 1.
Key Prop 8 Impacts for FY 2025-26 Assessed Value:
The majority of the largest secured roll declines were related to commercial properties.
Jestin D. Johnson, City Administrator
Subject: FY 2025-26 Q3 R&E Report
Date: May 14, 2026 Page 3
Finance and Management Committee
May 26, 2026
Commercial assessed values declined by $346.2 million or 2.8%, representing the largest contributor to the slowdown in growth. Reductions were driven by successful Prop 8 appeals, market decline and corresponding devalued sales.
Additional Prop 8 reductions were applied to residential properties as single-family home prices flattened, with 1,252 homes added to review and $610 million in value currently subject to restoration.
Chart 1 below details the FY 2025-26 change in assessed property value by cause compared to FY 2024-25:
Chart 1: FY 2025-26 Change in Assessed Property Value by Cause
Business License Tax (BT): FY 2025–26, collections of the second largest revenue source through Q3 totaled $115.65 million, representing 89.3% of the adjusted annual budget of $129.53 million, and are projected to end the year at $132.08 million, which is $2.54 million or
2.0% above the Adjusted Budget. Business Tax is due and payable on January 1st and becomes delinquent if not paid by March 1st. As a result, the majority of Business Tax revenue is typically received in the third quarter due to the timing of the renewal cycle. Based on this year’s renewal activity and the significant impact of the Special Revenue Collection Project, as detailed in the April 21, 2026, Informational Report, Business License Tax revenue is projected to reach $132.08 million, exceeding the FY 2025-26 Adjusted Budget by $2.54 million (2%). This
Jestin D. Johnson, City Administrator
Subject: FY 2025-26 Q3 R&E Report
Date: May 14, 2026 Page 4
Finance and Management Committee
May 26, 2026
achievement is supported by the "initiatives undertaken to recover outstanding business tax revenue, including the identification and collection of revenue from non-filing businesses," which generated $5.58 million in property liens and 900 in new rental applications, doubling the volume of rental applications from the previous fiscal year.
Real Estate Transfer Tax (RETT): FY 2025-26 collections of the third largest revenue source for the City through Q3 are at $52.44 million or 76.8% of the Adjusted Budget of $68.30 million, and are projected to end the year at $69.92 million, which is $1.62 million or 2.4% above the Adjusted Budget. Through Q3, RETT revenue is currently $4.45 million or 9.3% higher compared to the same period in FY 2024–25, primarily due to an increase in a payment totaling over $5.76 million in Unrecorded Transfers1 received during the current fiscal year. Despite this increase, underlying market activity remains largely stable.
Sales activity has been consistent year over year, with only a 1% decline in both sales and transaction volume through the third quarter. This stability in activity suggests a broadly steady real estate market.
Overall, Real Estate Transfer Tax (RETT) performance is tracking closely with FY 2024–25, and current indicators suggest FY 2025–26 will end at approximately the same level as the prior fiscal year. If significant one-time transaction recorded in the fourth quarter is excluded, FY 2024–25 RETT collections would have totaled $68.58 million.
The stabilization can be attributed in part to the Federal Open Market Committee (FOMC) reducing the federal funds rate three times in FY 2024–25 and implementing three additional cuts in FY 2025–26, lowering the target range to 3.50%–3.75% after it peaked at approximately
5.50% in 2023.
Chart 2 below breaks down the RETT gross sales by tiered sales prices through Q3 in FY 2025- 26 (This section is intentionally left blank.)
1 An Unrecorded Transfer occurs when controlling interest in the entity owning property changes greater than 50% without a formal deed or instrument being filed. Pursuant to Rev & Tax Code §§ 11911 & 11925, such transfers create liability for real estate transfers taxes.
Jestin D. Johnson, City Administrator
Subject: FY 2025-26 Q3 R&E Report
Date: May 14, 2026 Page 5
Finance and Management Committee
May 26, 2026
Chart 2: FY 2025-26 RETT Gross Sales by Sales Price
Sales Tax: FY 2025-26 collections of the fourth largest revenue source of the City through Q3 are at $45.40 million or 54.0% of the Adjusted Budget of $84.14 million, and are now projected to end the year at $81.56 million, which is $2.59 million or 3.1%, below the Adjusted Budget.
Data available for FY2025-26 Q2 (Sales Tax is collected by the State and the corresponding detailed data becomes available to the City in the subsequent quarter) shows that Sales tax across the major industry groups through FY 2025-26 Q2 were 3.5% lower on average compared to the same period in the previous fiscal year.
Q2Sales Tax Update (July–December):
Sales tax performance through the first half of FY 2025–26 is generally stable but slightly weaker in Oakland compared to regional trends.
In Q1, receipts rose 1.0% year over year, but this was driven by one-time payments. Excluding these, underlying sales fell 4.2%, while Alameda County and the Bay Area saw growth of 1.0% and 2.5% respectively.
In Q2, receipts declined 1.6% year over year, with underlying sales down 1.4%. Weakness was led by vehicle sales with a decline of 6%, rental cars declined 10%, and fuel-related sales (fell 11%, largely due to prior demand shifts, the end of EV tax credits, and lower fuel prices.
Partially offsetting these declines, casual dining grew 5% and outperformed statewide trends, while business services showed gains in medical/biotech and related sectors.
Jestin D. Johnson, City Administrator
Subject: FY 2025-26 Q3 R&E Report
Date: May 14, 2026 Page 6
Finance and Management Committee
May 26, 2026
In April 2025, Oakland voters approved Measure A, a 0.5% (half-cent) Local Transactions & Use Tax, which was implemented in October 2025 and remains in effect through September 2035.
Based on the first remittance of funds received for Measure A totaled $7.68 million, reflecting economic activity from October 2025 through December 2025. The first remittance of funds for Measure A reflects the peak holiday shopping season, which traditionally generates higher sales tax than each of the remaining two quarters the FY 2025-26 Adopted Budget totaling $21.8 million for three quarters for this fiscal year remains on track.
Key Trends by Sector:
Chart 3 below compares the Sales Tax totals received by category in FY 2025-26 through Q2 to those received in FY 2024-25 through Q2.
Chart 3: FY 2025-26 and FY 2024-25 through Q2 Sales Tax Totals Received by Category
Overall through the Q2, the decline was concentrated in several key sectors. Fuel and service stations fell 7.9%, general consumer goods dropped 6.5%, food and drugs declined 5.1%, and building and construction decreased 4.6%.
Chart 4 below breaks down the composition of the Major Industry Groups as a percent of the overall Sales Tax total.
(This section is intentionally left blank.)
Jestin D. Johnson, City Administrator
Subject: FY 2025-26 Q3 R&E Report
Date: May 14, 2026 Page 7
Finance and Management Committee
May 26, 2026
Chart 4: Major Industry Groups as a Percent of the Overall Sales Tax Total as of Q2 FY2025-26.
Utility Consumption Tax (UCT): FY 2025-26 collections of the fifth largest revenue category for the City through Q3 are at $47.52 million or 62.8% of the Adjusted Budget of $75.62 million, and are now projected to end the year at $70.60 million which is $5.02 million or 6.6% under the Adjusted Budget.
Revenues have grown significantly in recent years, largely driven by substantial increases in utility rates over the past decade. More recently, PG&E has indicated that electric rates have leveled off, and current revenue trends reflect this shift. As of the end of February, through the portion of the third quarter for which data is available, revenues were essentially flat compared to the prior year, declining slightly by 0.2%. If this slight decline continues through year-end, full- year collections are expected to be comparable to last fiscal year, which totaled $70.75 million.
Chart 5 below shows the average annual electrical rates for PG&E from January 2014 through March 2026.
(This section is intentionally left blank.)
Jestin D. Johnson, City Administrator
Subject: FY 2025-26 Q3 R&E Report
Date: May 14, 2026 Page 8
Finance and Management Committee
May 26, 2026
Chart 5 Average Annual Electrical Rates for PG&E - January 2014 through March 2026.
Source: Public Advocates Office, Q1 2026 Electric Rates Report, 2026, p. 19.
Revenue Variances Exceeding 5% from Adjusted Budget:
Fines & Penalties: FY 2025-26 Q3 collections came in at $18.10 million or 73.6% of the Adjusted Budget of $24.57 million, and now is projected to end the year at $26.59 million, which is 8.2% over the Adjusted Budget. Quarterly totals often appear lower than the true amount collected because parking fines are usually recorded about one month after they occur. This timing delay means third-quarter year to date numbers do not fully reflect all activity from that period.
The higher year-end projection also reflects expected growth from expanded parking enforcement that took effect April 12, 2026. This includes adding Sunday metered parking for about six hours per day, compared to the usual ten-hour enforcement on other days.
Overall, parking fine revenue has been steadily increasing in recent years, largely due to improved staffing in the enforcement unit.
Transient Occupancy Tax (TOT): FY 2025-26 Q3 collections came in at $12.66 million or
81.8% of the Adjusted Budget of $15.48 million, and is projected to end the year at $16.40 million, which is $0.92 million or 5.9% over the Adjusted Budget. TOT revenue has declined over the past couple of years due to hotel closures and reduced travel to the area. Through February, collections were about 1.2% lower than in the same period last fiscal year. Year-end estimates include a small increase estimated for June tied to higher visitor activity from World Cup games hosted in the Bay Area.
Jestin D. Johnson, City Administrator
Subject: FY 2025-26 Q3 R&E Report
Date: May 14, 2026 Page 9
Finance and Management Committee
May 26, 2026
Parking Tax (PT): FY 2025-26 Q3 collections came in at $7.82 million or 65.5% of the Adjusted Budget of $11.94 million, and now is projected to end the year at $10.96 million which is $0.98 million or 8.2% under the Adjusted Budget. Year-to-date results reflect reduced airport traffic, which is contributing to the overall decline, partially offset in the year end projections by anticipated increases in airport parking revenue during World Cup activity.
Miscellaneous Revenue: FY 2025-26 Q3 collections came in at $3.77 million or 121.5% of the Adjusted Budget of $3.10 million, and now is projected to end the year at $4.27 million which is $1.17 million or 37.8% over the Adjusted Budget. A large portion of this revenue, about $2.1 million from legal settlements and claims, plus $0.29 million expected before year-end, is offset by equal liabilities. Because these funds are restricted and tied directly to corresponding expenditures, they do not provide net resources. As a result, they do not contribute to ongoing budget balancing or improving the organization’s recurring financial position.
Licenses and Permits: FY 2025-26 Q3 collections came in at $1.20 million or 89.4% of the Adjusted Budget of $1.35 million, and now is projected to end the year at $1.61 million which is $0.26 million or 19.2% over the Adjusted Budget. The largest source of this revenue is Cannabis Activity Permits, which have generated about $0.81 million through the third quarter.
Interest Income: FY 2025-26 Q3 collections came in at negative $0.75 million or negative 219.5% of the Adjusted Budget of $0.34 million, and now is projected to end the year at $2.50 million which is $2.16 million or 635.1% over the Adjusted Budget. This projection is consistent with recent year‑end trends and reflects expectations that cash balances and interest rates through year-end will remain broadly in line with recent levels. Additionally, the projection anticipates standard year-end accounting adjustments that recognize revenue not evenly recorded during the year.
Table 1 below summarizes all of the FY 2025-26 GPF revenues by category.
(This section is intentionally left blank.)
Jestin D. Johnson, City Administrator
Subject: FY 2025-26 Q3 R&E Report
Date: May 14, 2026 Page 10
Finance and Management Committee
May 26, 2026
Table 1: FY 2025-26 Q3 Adopted Budget to Actuals and Year End Estimate ($ in millions) Revenue
Category
FY 2025-26
Adopted
Budget
FY 2025-26
Adjusted
Budget
FY 2025-26
Q3 YTD
Actuals
FY 2025-26
Q3 Year-End
Estimate
Year-End $
Over /
Under
Adjusted
Budget
Year-End %
Over /
Under
Adjusted
Budget
Property Tax 322.29 322.29 190.61 312.26 (10.04) (3.1) % Business
License Tax 129.53 129.53 115.65 132.08 2.54 2.0 % Sales Tax 84.14 84.14 45.40 81.56 (2.59) (3.1) % Utility
Consumption
Tax 75.62 75.62 47.52 70.60 (5.02) (6.6) %
Real Estate
Transfer Tax 68.30 68.30 52.44 69.92 1.62 2.4 % Service
Charges 51.90 51.99 28.21 53.46 1.47 2.8 %
Fines &
Penalties 24.57 24.57 18.10 26.59 2.02 8.2 %
Transient
Occupancy
Tax 15.48 15.48 12.66 16.40 0.92 5.9 %
Parking Tax 11.94 11.94 7.82 10.96 (0.98) (8.2) % Miscellaneous
Revenue 3.10 3.10 3.77 4.27 1.17 37.8 %
Interfund
Transfers 2.16 2.16 2.16 2.16 — — %
Licenses &
Permits 1.35 1.35 1.20 1.61 0.26 19.2 %
Grants &
Subsidies — 0.85 2.58 2.58 1.73 — %
Interest
Income 0.34 0.34 (0.75) 2.50 2.16 635.1 %
Vehicle
License Fee — — 0.66 0.66 0.66 N / A
Subtotal 790.72 791.67 528.03 787.61 (4.06) (0.5) % Project
Offsets &
Carryforwards — 55.30 — (55.30) (100.0) %
Total
Revenue 791.29 847.54 528.03 787.61 (59.93) (7.1) %
II. GENERAL PURPOSE FUND Q3 EXPENDITURES
Jestin D. Johnson, City Administrator
Subject: FY 2025-26 Q3 R&E Report
Date: May 14, 2026 Page 11
Finance and Management Committee
May 26, 2026
GENERAL PURPOSE FUND EXPENDITURE HIGHLIGHTS
The GPF expenditures are forecasted to come in at $840.80 million, which is a projected underspend of $6.74 million, or 0.8%, in savings when compared to the Adjusted Budget of $847.54 million.
The budgeted vacancy factor assumed in the FY 2025-26 Budget is 4.00% across most City Departments. The GPF's actual vacancy rate through Q3 (net positions that are frozen as part of the FY 2025-26 Adopted Budget), is 15.0% as shown in Table 2 below.
Several departments, including both public safety departments, are projecting to end FY 2025- 26 under their Adjusted Budget, primarily due to personnel savings.
Although the Police and Fire Departments are projected to end the year under budget overall, overtime expenditures remain a concern. Both departments have consistently exceeded their overtime budgets, and this pattern is expected to continue by the end of FY 2025-26. Historical overtime expenditures for public safety are summarized in Chart 7 below. A detailed analysis of current year overtime spending is available in the Overtime Report prepared by the public safety departments.
Table 2: FY 2025-26 Q3 GPF Filled and Vacant Positions (Percent %) Status as of Q3 FY 2025-26 Percent (%)
Filled or Encumbered 85.0 %
Vacant 15.0 %
On April 22, 2026, labor costs were posted through the third quarter of FY 2025-26.
Table 3 below reflects the GPF expenditures forecasted to come in at $840.80 million, which is $6.74 million, or 0.8%, over the adjusted budget of $847.54 million.
Table 3: Summary of FY 2025-26 Q3 GPF Expenditures Budget to Actuals ($ in millions)
FY 2025-26
Adopted
Budget
FY 2025-26
Adjusted
Budget
FY 2025-26
Q3 YTD
Actuals
FY 2025-26
Q3 Year-End
Estimate
Year-End $
Over / Under
Adjusted
Budget
Year-End %
Over / Under
Adjusted
Budget
FY 2025-26
Expenditures 791.29 847.54 576.45 840.80 6.74 0.8 % Jestin D. Johnson, City Administrator
Subject: FY 2025-26 Q3 R&E Report
Date: May 14, 2026 Page 12
Finance and Management Committee
May 26, 2026
Department Level Spending Trends
Table 4 below reflects department level spending and projected year-end GPF expenditures. As a result, City-wide GPF departmental expenditure projections are projected to come in under the Adjusted Budget by $6.74 million. Per the City’s Consolidated Fiscal Policy, Departments projected to overspend in the General Purpose Fund by more than one percent (1%), shall bring an informational report to the City Council within 60 days following acceptance of the Revenue & Expenditure report by the City Council. The report shall list the actions the Administration is taking to bring the expenditures into alignment with the budget.
Table 4: Summary of FY 2025-26 GPF Projected Expenditure Variance ($ in millions) Department
FY 2025-26
Adopted
Budget
FY 2025-26
Adjusted
Budget
FY 2025-26
Q3 YTD
Actuals
FY 2025-26
Q3 Year-
End
Estimate
Year-End $
Over /
Under
Adjusted
Budget
Year-End %
Over /
Under
Adjusted
Budget
Capital
Improvement
Projects 0.32 3.07 2.92 3.07 — — %
City
Administrator 4.17 4.74 3.49 4.74 — — %
City Attorney 22.25 25.49 17.83 25.82 (0.34) (1.3) % City Auditor 3.49 3.83 2.31 3.72 0.12 3.0 %
City Clerk 3.97 7.21 2.20 6.66 0.55 7.6 %
City Council 7.28 7.32 5.09 6.99 0.33 4.5 %
Department of
Transportation 26.20 27.23 15.58 27.64 (0.41) (1.5) % Department of
Violence
Prevention 5.72 6.00 2.97 5.68 0.32 5.4 %
Department of
Workplace and
Employment
Standard 1.33 1.53 0.59 1.34 0.20 12.9 %
Economic and
Workforce
Development
Department 10.38 12.72 3.62 11.82 0.90 7.0 %
Finance
Department 23.35 27.02 14.85 25.99 1.03 3.8 % Fire Department 210.49 221.92 151.53 221.95 (0.03) — % Human
Resources 0.44 0.57 0.25 0.59 (0.03) (4.6) %
Jestin D. Johnson, City Administrator
Subject: FY 2025-26 Q3 R&E Report
Date: May 14, 2026 Page 13
Finance and Management Committee
May 26, 2026
Department
FY 2025-26
Adopted
Budget
FY 2025-26
Adjusted
Budget
FY 2025-26
Q3 YTD
Actuals
FY 2025-26
Q3 Year-
End
Estimate
Year-End $
Over /
Under
Adjusted
Budget
Year-End %
Over /
Under
Adjusted
Budget
Management
Department
Human Services
Department 36.36 40.10 31.36 39.52 0.59 1.5 % Information
Technology
Department 6.06 7.37 3.40 7.99 (0.62) (8.5) %
Mayor 5.70 5.87 4.07 5.45 0.42 7.1 %
Non
Departmental
and Port 32.35 39.27 35.54 43.34 (4.06) (10.3) % Oakland Animal
Services 5.27 6.44 3.52 5.73 0.71 11.1 %
Oakland Parks
and Recreation
Department 12.69 13.12 7.53 12.22 0.90 6.9 %
Oakland Public
Library
Department 11.75 12.30 9.85 13.07 (0.76) (6.2) % Oakland Public
Works
Department 0.79 1.59 0.92 3.16 (1.57) (98.9) % Police
Commission 7.13 7.71 3.37 5.81 1.89 24.6 %
Police
Department 349.96 360.85 251.65 354.32 6.53 1.8 % Public Ethics
Commission 2.82 3.17 1.35 2.48 0.68 21.6 %
Race and Equity
Department 1.01 1.09 0.68 1.03 0.05 5.0 %
Total 791.29 847.54 576.45 840.80 6.74 0.8 %
Jestin D. Johnson, City Administrator
Subject: FY 2025-26 Q3 R&E Report
Date: May 14, 2026 Page 14
Finance and Management Committee
May 26, 2026
Chart 6: Percentage of Adjusted Budget Spent by each Department
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Race and Equity Department (63%)
Public Ethics Commission (42%)
Police Department (70%)
Police Commission (44%)
Oakland Public Works Department (58%)
Oakland Public Library Department (80%)
Oakland Parks and Recreation Department (57%)
Oakland Animal Services (55%)
Non Departmental and Port (90%)
Mayor (69%)
Information Technology Department (46%)
Human Services Department (78%)
Human Resources Management Department (43%)
Fire Department (68%)
Finance Department (55%)
Economic and Workforce Development Department (28%)
Department of Workplace and Employment Standard (38%)
Department of Violence Prevention (49%)
Department of Transportation (57%)
City Council (70%)
City Clerk (30%)
City Auditor (60%)
City Attorney (70%)
City Administrator (74%)
Capital Improvement Projects (95%)
FY 2025-26 Q3 YTD Actuals FY 2025-26 Remaining Adjusted Budget Jestin D. Johnson, City Administrator
Subject: FY 2025-26 Q3 R&E Report
Date: May 14, 2026 Page 15
Finance and Management Committee
May 26, 2026
Chart 7: Historical Public Safety Overtime Spending ($ in Millions)
(This section is intentionally left blank.)
FY 2021-22 FY2022-23 FY2023-24 FY2024-25 FY2025-26
Police Department 34,347,991 51,163,232 55,237,781 45,929,498 47,859,501 Fire Department 29,827,365 29,959,858 29,235,910 26,045,842 35,722,550 -
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
Police Department Fire Department
Jestin D. Johnson, City Administrator
Subject: FY 2025-26 Q3 R&E Report
Date: May 14, 2026 Page 16
Finance and Management Committee
May 26, 2026
III. GENERAL PURPOSE FUND - FUND BALANCE
The City's GPF Fund Balance, net obligations, is projected to end FY 2025-26 at $32.32 million.
Obligations may include reserves required by City Ordinances or the City Charter (mandated emergency reserves). Table 5 below deducts restricted set-asides for legal settlements in the amount of $1.92 million to decrease the estimated FY 2025-26 year-end available fund balance from $34.24 million to $32.32 million. The estimated FY 2025-26 available Fund Balance is the amount of unobligated funding available to the City in the GPF.
Table 5: FY 2025-26 Year-End Available GPF Fund Balance GENERAL PURPOSE FUND (1010) FY 2025-26 Q3 Year-
End Estimate
Beginning Fund Balance - Audited 87.43
Revenue 787.61
Expenditures 840.80
Estimated Current Year Surplus/(Shortfall) (53.19)
Estimated Ending Fund Balance 34.24
Use of Fund Balance in FY 2025-26
Restricted Legal Settlements (1.92)
Estimated Ending Fund Balance 32.32
(This section is intentionally left blank.)
Jestin D. Johnson, City Administrator
Subject: FY 2025-26 Q3 R&E Report
Date: May 14, 2026 Page 17
Finance and Management Committee
May 26, 2026
IV. RESERVES
On December 9, 2014 Council Ordinance No. 13279 amended the City’s Consolidated Fiscal Policies to include designated reserves for both the Vital Services Stabilization Fund and for the acceleration of long-term obligations, in addition to the mandated 7.5% GPF Emergency Reserve (refer to the City of Oakland Consolidated Fiscal Policy, Section I, Part C: Use of Excess Real Estate Transfer Tax). It is important to note that while these balances are designated each fiscal year, reserve appropriations adopted in subsequent fiscal years may include any prior year true-ups.
Emergency Reserve
The City’s GPF Emergency Reserve was budgeted at 7.5% of the FY 2022-23 GPF Adopted Budget of $872.07 million. As of June 30, 2025, the balance in this reserve was $63.81 million, or approximately 8.1% of the FY 2025-26 GPF Adopted Budget of $791.29 million. The reserve is approximate to one month of FY 2025-26 Adopted Budget in the GPF. This reserve will be held in Fund 1011 as directed by Council in Resolution 88717 C.M.S. The reserve requirement, pursuant to the CFP has been met.
However, the emergency reserve policy level of 7.5% is inadequate to sustain city services in an economic downturn as evidenced by the events of the last 2 years. The recommended policy level is 16.7% or two months of operating expenditures. This recommended level is supported by best practices outlined by the Government Finance Officer's Association's (GFOA).
Vital Services Stabilization Fund
The Vital Services Stabilization Fund (VSSF) was established in 2014 by City Council after the Great Recession to serve as the City's "Rainy Day" fund. Per the Consolidated Fiscal Policy, 25% of excess RETT revenue is intended to go into the VSSF. The FY 2022-23 ending available balance was assumed in its entirety in the FY 2023-24 Adopted Budget to balance expenditures as City Council declared that the City is experiencing a severe financial event and state of extreme fiscal necessity. The target funding level per the City's Consolidated Fiscal Policy is $118.69 million, or 15% of the Adopted Budget GPF revenues.
Table 6 below shows the estimated FY 2025-26 year end reserve balances.
Table 6: FY 2025-26 Q3 Reserve Balances ($ in millions) Description
FY 2024-25
Beginning Balances
FYE Estimated 24-25
Balance
Mandated Emergency Reserves FY 2022-23* 63.81 64.13
Vital Services Stabilization Fund — —
OMERS Reserves (Reso. No. 85098 C.M.S) 2.36 2.36
Total Reserves 66.19 66.49
*The 7.5% GPF reserve is not a cumulative balance
Jestin D. Johnson, City Administrator
Subject: FY 2025-26 Q3 R&E Report
Date: May 14, 2026 Page 18
Finance and Management Committee
May 26, 2026
V. SELECTED Q3 NON-GPF
This section of the FY 2025-26 Q3 report contains additional analysis on selected non-GPF funds. For additional fund descriptions, please visit
https://stories.opengov.com/oaklandca/published/_dhbklVRjPB.This Q3 report discusses selected funds that are of special interest to the City because the revenue comes from a special tax or local measure, or because of the particular revenue or expenditure restrictions. For these funds, the revenue tables below will show year-end estimates compared to the adopted budget.
The expenditure tables in this section compares the FY 2025-26 Adopted Budget to FY 2025-26 year-end estimates.
The fund balance tables compare the FY 2025-26 audited beginning fund balance to the FY 2025-26 projected ending fund balance for these funds.
All other funds are summarized in Table 16.
(This section is intentionally left blank.)
Jestin D. Johnson, City Administrator
Subject: FY 2025-26 Q3 R&E Report
Date: May 14, 2026 Page 19
Finance and Management Committee
May 26, 2026
Measure HH - Sugar Sweetened Beverage Distribution Tax (SSBT) Fund (1030) FY 2025-26 revenue is projected to end the year at $6.25 million. Expenditures are projected to end the year at $11.20 million. This results in a current year estimated operating shortfall of $4.95 million. Therefore, the estimated available fund balance in Measure HH (SSBT) Fund (1030) is expected to decrease from $6.73 million to $1.78 million.
Table 7: FY 2025-26 Measure HH (SSBT) Fund Year-End Available Fund Balance ($ in millions)
MEASURE HH SSBT (1030) FY 2025-26 Q3
Year-End Estimate
Beginning Fund Balance - Audited $ 6.73
Revenue 6.25
Expenditures 11.20
Estimated Current Year Surplus/(Shortfall) (4.95)
Estimated Ending Fund Balance 1.78
Self-Insurance Liability Fund (1100)
FY 2025-26 revenue is projected to end the year at $73.87 million. Expenditures are projected to end the year at $68.20 million. This results in a current year estimated operating surplus of $5.67 million. Therefore, the estimated available fund balance in the Self -Insurance Liability Fund at year-end is expected to increase from $23.73 million to $29.40 million.
Table 8: FY 2025-26 Self-Insurance Liability Fund Year-End Available Fund Balance ($ in millions)
SELF-INSURANCE LIABILITY FUND (1100) FY 2025-26 Q3
Year-End Estimate
Beginning Fund Balance - Audited $ 23.73
Revenue 73.87
Expenditures 68.20
Estimated Current Year Surplus/(Shortfall) 5.67
Subtotal Fund Balance 29.40
Jestin D. Johnson, City Administrator
Subject: FY 2025-26 Q3 R&E Report
Date: May 14, 2026 Page 20
Finance and Management Committee
May 26, 2026
Affordable Housing Trust Fund (1870)
Fund Balance - FY 2025-26 revenue is projected to end the year at $13.76 million. Expenditures are projected to end the year at $29.59 million. This results in a current year estimated operating shortfall of $15.83 million . Therefore, the estimated available fund balance in the Affordable Housing Trust Fund is expected to decrease from $14.97 million to negative $0.86 million in FY 2025-26.
Table 9: FY 2025-26 Affordable Housing Trust Fund Year-End Available Fund Balance ($ in millions)
AFFORDABLE HOUSING TRUST FUND (1870) FY 2025-26 Q3
Year-End Estimate
Beginning Fund Balance - Audited $ 14.97
Revenue 13.76
Expenditures 29.59
Estimated Current Year Surplus/(Shortfall) (15.83)
Subtotal Fund Balance (0.86)
Measures BB & F Funds (2215, 2217, 2218, 2219, 2220)
Fund Balance - FY 2025-26 revenue is projected to end the year at $36.71 million. Expenditures are projected to end the year at $86.53 million. This results in a current year estimated operating shortfall of $49.82 million. Therefore, the estimated available fund balance in the Measure BB/F Funds is expected to decrease from $43.33 million to negative 6.49 million in FY 2025-26.
Table 10: FY 2025-26 Measure BB/F Funds Year-End Available Fund Balance ($ in millions)
Measure B/BB and Measure F Funds (2211, 2212, 2213, 2215, 2216, 2217, 2218, 2219, 2220)
FY 2025-26 Q3 Year-
End Estimate
Beginning Fund Balance - Audited $ 43.33
Revenue 36.71
Expenditures 86.53
Estimated Current Year Surplus/(Shortfall) (49.82)
Estimated Ending Fund Balance (6.49)
Jestin D. Johnson, City Administrator
Subject: FY 2025-26 Q3 R&E Report
Date: May 14, 2026 Page 21
Finance and Management Committee
May 26, 2026
State Transportation Gas Tax Funds (2230, 2232)
FY 2025-26 revenue is projected to end the year at $26.85 million. Expenditures are projected to end the year at $38.62 million. This results in a current year estimated operating shortfall of $11.77 million. Therefore, the estimated available fund balance in the State Transportation Gas Tax Funds is expected to decrease from $14.18 million to $2.41 million in FY 2025-26.
Table 11: FY 2025-26 State Transportation Funds Year-End Available Fund Balance ($ in millions)
State Transportation (Gas Tax) Funds (2230, 2232) FY 2025-26 Q3 Year- End Estimate
Beginning Fund Balance - Audited $ 14.18
Revenue 26.85
Expenditures 38.62
Estimated Current Year Surplus/(Shortfall) (11.77)
Estimated Ending Fund Balance 2.41
Measure Q - Oakland Parks and Recreation Preservation, Litter Reduction, and Homelessness Support Act Fund (2244)
FY 2025-26 revenue is projected to end the year at $34.45 million. Expenditures are projected to end the year at $41.03 million. This results in a current year estimated operating shortfall of $6.58 million. Therefore, the estimated available fund balance in Measure Q Fund (2244) is expected to decrease from $19.64 million in to $13.06 million in FY 2025-26.
Table 12: FY 2025-26 Measure Q Year-End Fund Balance ($ in millions) MEASURE Q (2244) FY 2025-26 Q3 Year-
End Estimate
Beginning Fund Balance - Audited 19.64
Revenue 34.45
Expenditures 41.03
Estimated Current Year Surplus/(Shortfall) (6.58)
Estimated Ending Fund Balance 13.06
Jestin D. Johnson, City Administrator
Subject: FY 2025-26 Q3 R&E Report
Date: May 14, 2026 Page 22
Finance and Management Committee
May 26, 2026
Landscaping and Lighting Assessment District (LLAD) Fund (2310)
FY 2025-26 revenue is projected to end the year at $19.80 million. Expenditure are projected to end the year at $18.87 million. This results in a current year estimated operating surplus of $0.93 million. As a result, the estimated available fund balance in the Landscaping and Lighting Assessment District Fund (2310) is expected to increase from $1.94 million to $2.87 million in FY 2025-26.
Table 13: FY 2025-26 Landscaping and Lighting Assessment District (LLAD) Fund Balance ($ in millions)
Landscaping & Lighting Assess. District Fund (LLAD) (2310) FY 2025-26 Q3 Year-End Estimate
Beginning Fund Balance - Audited 1.94
Revenue 19.80
Expenditures 18.87
Estimated Current Year Surplus/(Shortfall) 0.93
Estimated Ending Fund Balance 2.87
Equipment Fund (4100)
FY 2025-26 revenue is projected to end the year at $30.17 million. Expenditures are projected to end the year at $43.07 million. This results in a current year estimated operating shortfall of $12.91 million. Therefore, the estimated available fund balance in the Equipment Fund (4100) is expected to decrease from $18.67 million to $5.76 million.
Table 14: FY 2025-26 Equipment Fund Year-End Available Fund Balance ($ in millions) Equipment Fund (4100) FY 2025-26 Q3
Year-End Estimate
Beginning Fund Balance - Audited 18.67
Revenue 30.17
Expenditures 43.07
Estimated Current Year Surplus/(Shortfall) (12.91)
Subtotal Fund Balance 5.76
Jestin D. Johnson, City Administrator
Subject: FY 2025-26 Q3 R&E Report
Date: May 14, 2026 Page 23
Finance and Management Committee
May 26, 2026
City Facilities Fund (4400)
FY 2025-26 revenue is projected to end the year at $48.69 million. Expenditures are projected to end the year at $52.60 million. This results in a current year estimated operating shortfall of $3.91 million. Therefore, the estimated available fund balance in the Facilities Fund (4400) is projected to decrease from $7.98 million to $4.07 million in FY 2025-26.
Table 15: FY 2025-26 Facilities Fund Year-End Available Fund Balance ($ in millions) City Facilities Fund (4400) FY 2025-26 Q3
Year-End Estimate
Beginning Fund Balance - Audited 7.98
Revenue 48.69
Expenditures 52.60
Estimated Current Year Surplus/(Shortfall) (3.91)
Estimated Ending Fund Balance 4.07
(This section is intentionally left blank.)
Jestin D. Johnson, City Administrator
Subject: FY 2025-26 Q3 R&E Report
Date: May 14, 2026 Page 24
Finance and Management Committee
May 26, 2026
ALL OTHER FUNDS – FUND BALANCE SUMMARY
Table 16: FY 2025-26 All Other Funds Year-End Available Fund Balances ($ in millions) Fund Description
FY25-26
Beg Audited
Fund
Balance
FY25-26
Year End
Rev
Projections
FY25-26
Year End
Exp
Projections
Estimated
Ending
Fund
Balance
P12-26
1150 - Worker's Compensation
Insurance Claims — 0.71 9.33 (8.63)
1200 - Pension Override Tax
Revenue 392.52 94.27 94.27 392.52
1610 - Successor Redevelopment
Agency Reimbursement Fund (0.16) 1.11 0.91 0.05
1700 - Mandatory Refuse Program 1.05 2.38 1.58 1.84 1710 - Recycling Program 6.32 7.07 6.77 6.62
1720 - Comprehensive Clean-up 4.73 24.11 27.20 1.64 1750 - Multipurpose Reserve (8.58) 7.04 6.22 (7.76) 1760 - Telecommunications
Reserve (1.50) 1.10 0.99 (1.40)
1770 - Telecommunications Land
Use 2.74 1.07 0.68 3.14
1780 - Kid's First Oakland
Children's Fund 27.14 23.27 45.76 4.65
1820 - OPRCA Self Sustaining
Revolving Fund 2.01 6.10 6.40 1.71
1871 - Jobs Housing Impact Fee
Fund 11.01 1.39 14.49 (2.10)
1872 - Affordable Housing Impact
Fee Fund 10.50 3.12 17.77 (4.14)
1882 - Multi Service Center/Rent 0.10 0.11 0.22 (0.01) 2102 - Department of Agriculture (0.08) 0.69 8.46 (7.86) 2103 - HUD-ESG/SHP/HOPWA (8.59) 14.05 36.51 (34.90) 2108 - HUD-CDBG (4.55) 9.54 20.12 (15.14)
2109 - HUD-Home 4.39 2.99 26.32 (18.94)
Jestin D. Johnson, City Administrator
Subject: FY 2025-26 Q3 R&E Report
Date: May 14, 2026 Page 25
Finance and Management Committee
May 26, 2026
Fund Description
FY25-26
Beg Audited
Fund
Balance
FY25-26
Year End
Rev
Projections
FY25-26
Year End
Exp
Projections
Estimated
Ending
Fund
Balance
P12-26
2112 - Department of Justice (2.18) 2.15 4.54 (4.56) 2120 - Federal Action Agency (0.01) 0.38 0.96 (0.67) 2123 - US Dept of Homeland
Security (0.86) 1.08 2.23 (2.01)
2124 - Federal Emergency
Management Agency (FEMA) (8.44) 0.36 12.78 (20.86) 2128 - Department of Health and
Human Services (1.95) 18.72 29.06 (13.18)
2134 - California Parks and
Recreation (1.27) 0.08 14.26 (15.67)
2138 - California Department of
Education 4.80 3.40 4.07 4.12
2139 - California Department of
Conservation (0.38) 1.85 6.82 (5.34)
2144 - California Housing and
Community Development (8.40) 21.52 87.97 (74.84)
2152 - California Board of
Corrections (0.17) 13.29 22.10 (8.98)
2154 - California Integrated Waste
Management Board (0.13) 0.83 1.06 (0.36)
2159 - State of California Other (23.64) 49.00 158.52 (133.16) 2160 - County of Alameda: Grants 0.93 0.67 2.55 (0.96) 2172 - Alameda County: Vehicle
Abatement Authority 0.09 0.50 0.65 (0.07)
2190 - Private Grants 0.29 1.38 1.25 0.16
2195 - Workforce Investment Act 1.13 3.45 7.25 (2.66) 2215 - Measure F - Vehicle
Registration Fee 3.35 1.81 4.46 0.70
2241 - Measure Q-Library Services
Retention & Enhancement 5.24 20.92 24.40 1.77
2243 - Measure D - Parcel Tax to
Maintain, Protect & Improve Library
Services 8.59 16.86 17.61 7.85
Jestin D. Johnson, City Administrator
Subject: FY 2025-26 Q3 R&E Report
Date: May 14, 2026 Page 26
Finance and Management Committee
May 26, 2026
Fund Description
FY25-26
Beg Audited
Fund
Balance
FY25-26
Year End
Rev
Projections
FY25-26
Year End
Exp
Projections
Estimated
Ending
Fund
Balance
P12-26
2250 - Measure N: Fund 0.95 2.18 2.08 1.05
2252 - Measure Z - Violence
Prevention and Public Safety Act of
2014 2.30 3.31 7.66 (2.05)
2253 - Oakland Zoo Fund 1.19 15.54 15.54 1.19
2254 - Measure MM - Wildfire
Protection Zone — 2.67 2.63 0.04
2255 - Measure NN - Community
Violence & Emergency Response
Act of 2024 6.73 47.37 39.24 14.85
2261 - Measure AA - Oversight 9.09 3.31 11.96 0.44 2262 - Measure AA - Early
Education 24.21 30.36 49.73 4.84
2263 - Measure AA - Oakland
Promise 10.08 15.18 23.05 2.21
2264 - Measure AA - First 5 (2.09) 7.26 5.55 (0.38) 2270 - Vacant Property Tax Act
Fund 3.33 7.44 7.05 3.73
2330 - Werner Court Vegetation
Mgmt District 0.08 — — 0.08
2331 - Wood Street Community
Facilities District 0.62 0.09 0.10 0.61
2332 - Gateway Industrial Park 2.12 1.36 2.69 0.80 2333 - Brooklyn Basin Public
Services 0.75 0.50 0.37 0.88
2335 - Brooklyn Basin CFD 2023-1 0.33 0.35 0.34 0.35 2411 - False Alarm Reduction
Program (3.31) 0.97 0.79 (3.13)
2412 - Measure M - Alameda
County: Emergency Dispatch
Service Supplemental Assessment 1.17 2.73 2.81 1.10 2413 - Rent Adjustment Program
Fund 0.12 12.33 8.27 4.18
Jestin D. Johnson, City Administrator
Subject: FY 2025-26 Q3 R&E Report
Date: May 14, 2026 Page 27
Finance and Management Committee
May 26, 2026
Fund Description
FY25-26
Beg Audited
Fund
Balance
FY25-26
Year End
Rev
Projections
FY25-26
Year End
Exp
Projections
Estimated
Ending
Fund
Balance
P12-26
2415 - Development Service Fund 90.62 79.37 110.86 59.13 2416 - Traffic Safety Fund (0.22) 1.48 1.12 0.13
2417 - Excess Litter Fee Fund 2.13 0.97 1.15 1.96 2419 - Measure C: Transient
Occupancy Tax (TOT) Surcharge 0.82 4.22 5.32 (0.28) 2420 - Transportation Impact Fee 9.78 2.42 9.13 3.08 2421 - Capital Improvements Impact
Fee Fund 4.44 1.47 6.38 (0.48)
2425 - Right of Way Repair and
Maintenance Fund — 4.22 1.39 2.84
2430 - Lead Settlement 2022 5.25 0.09 4.80 0.53
2826 - Mortgage Revenue 3.30 0.17 2.09 1.38
2830 - Low and Moderate Income
Housing Asset Fund 16.90 5.99 22.89 (0.01)
2990 - Public Works Grants (0.96) 0.28 0.39 (1.95) 2994 - Social Services Grants 1.22 1.32 1.76 0.79 2996 - Parks and Recreation Grants
2001 0.25 0.17 0.14 0.28
2999 - Miscellaneous Grants 8.24 1.90 14.38 (4.24) 3100 - Sewer Service Fund 129.93 76.64 166.65 39.92 3200 - Golf Course (0.10) 1.74 2.90 (1.27)
4200 - Radio / Telecommunications 3.17 4.26 6.28 1.14 4210 - Telephone Equipment and
Software (0.90) 1.70 1.94 (1.14)
4300 - Reproduction 0.51 1.58 2.04 0.04
4500 - Central Stores (0.02) 0.43 0.45 (0.04)
Jestin D. Johnson, City Administrator
Subject: FY 2025-26 Q3 R&E Report
Date: May 14, 2026 Page 28
Finance and Management Committee
May 26, 2026
Fund Description
FY25-26
Beg Audited
Fund
Balance
FY25-26
Year End
Rev
Projections
FY25-26
Year End
Exp
Projections
Estimated
Ending
Fund
Balance
P12-26
4510 - Personnel Management (0.22) 19.24 16.54 2.48 4550 - Purchasing 0.43 7.42 6.58 1.28
4600 - Information Technology 15.85 23.45 40.99 (1.68) 5322 - Measure DD: 2017C Clean
Water, Safe Parks & Open Space
Trust for Oakland 10.51 4.49 11.96 3.04
5335 - Measure KK: Infrastructure
Series 2022C-1 (Tax Exempt) 58.50 1.65 82.48 (22.33) 5338 - Measure KK Infrastructure
Series 2024E GOB (Tax Exempt) — — — —
5341 - Measure U: Affordable
Housing GOB Series 2023A-2
(Taxable) 30.92 0.75 25.62 6.04
5342 - Measure U: Infrastructure
Series 2025B-1 GOB (Tax-Exempt) — 94.26 95.48 (1.22) 5343 - Measure U: Affordable
Housing Series 2025B-2 GOB
(Taxable) (Social Bonds) — 180.00 95.18 84.82
5505 - Municipal Capital
Improvement: Public Arts 3.69 0.20 2.04 1.84
5610 - Central District Projects 19.35 2.42 5.86 15.92 5611 - Central District: TA Bonds
Series 2003 12.97 0.07 2.30 10.74
5612 - Central District: TA Bonds
Series 2005 2.08 0.06 1.74 0.40
5614 - Central District: TA Bonds
Series 2006T 12.68 2.27 7.55 7.40
5630 - Broadway/MacArthur/San
Pablo Projects 0.57 0.02 0.12 0.47
5637 - BMSP: TA Bond Series
2006C-TE — — — —
5638 - BMSP: TA Bond Series
2006C-T 0.44 0.01 0.12 0.34
5643 - Central City East TA Bonds
Series 2006A-T (Taxable) 17.10 0.26 5.08 12.27
Jestin D. Johnson, City Administrator
Subject: FY 2025-26 Q3 R&E Report
Date: May 14, 2026 Page 29
Finance and Management Committee
May 26, 2026
Fund Description
FY25-26
Beg Audited
Fund
Balance
FY25-26
Year End
Rev
Projections
FY25-26
Year End
Exp
Projections
Estimated
Ending
Fund
Balance
P12-26
5650 - Coliseum Projects 5.96 0.10 3.10 2.97
5656 - Coliseum: TA Bonds Series
2006B-T (Taxable) 24.91 0.18 6.12 18.97
5671 - OBRA: Leasing & Utility 57.76 2.12 5.12 54.75 5999 - Miscellaneous Capital
Projects 3.66 0.06 11.31 (7.58)
6029 - Taxable Pension Obligation
Bonds: 2012 Series-PFRS 6.94 54.86 54.87 6.92
6064 - GO Refunding Bonds, Series
2015A 3.30 5.51 5.53 3.29
6322 - Measure DD: 2017C Clean
Water, Safe Parks & Open Space
Trust for Oakland 0.86 1.46 1.47 0.84
6330 - Measure KK: 2017A-1 (TE)
Infrastructure and Affordable
Housing 1.75 2.25 2.26 1.74
6331 - Measure KK: 2017A-2
(Taxable) Infrastructure and
Affordable Housing 1.71 4.14 4.16 1.70
6332 - Measure KK: 2020B-1 GOB 3.11 3.94 3.96 3.10 6333 - Measure KK: 2020B-2 GOB 1.57 4.97 4.98 1.55 6334 - 2020 GOB Refunding 2.35 5.81 5.82 2.34
6335 - Measure KK: Infrastructure
Series 2022C-1 GOB (Tax Exempt) 10.18 10.44 10.46 10.16 6337 - Measure KK: Infrastructure
Series 2023D GOB (Tax-Exempt) 2.36 2.82 2.83 2.35 6340 - Measure U: Infrastructure
Series 2023 A-1 GOB (Tax-Exempt) 1.96 1.76 1.78 1.94 6341 - Measure U: Affordable
Housing GOB Series 2023A-2
(Taxable) 3.86 3.45 3.47 3.86
6557 - Piedmont Pines P1 2018
Reassessment Refunding Bond 0.26 0.11 0.14 0.22
6613 - JPFA Lease Revenue
Refunding Bonds, Series 2018 — 8.33 8.34 (0.01)
Jestin D. Johnson, City Administrator
Subject: FY 2025-26 Q3 R&E Report
Date: May 14, 2026 Page 30
Finance and Management Committee
May 26, 2026
Fund Description
FY25-26
Beg Audited
Fund
Balance
FY25-26
Year End
Rev
Projections
FY25-26
Year End
Exp
Projections
Estimated
Ending
Fund
Balance
P12-26
6999 - Miscellaneous Debt Service — 25.00 25.00 — 7100 - Police and Fire Retirement
System 476.65 54.55 3.89 527.32
7320 - Police and Fire Retirement
System Refinancing Annuity Trust 25.34 3.38 3.38 25.34 7540 - Oakland Public Library Trust 1.41 0.10 1.11 0.41 7640 - Oakland Public Museum
Trust 0.41 0.01 0.32 0.09
7760 - Grant Clearing (6.61) — 13.47 (20.08)
7999 - Miscellaneous Trusts 3.49 0.53 2.29 1.73