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Oakland City Hall,
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Oakland, California 94612
City of Oakland
Meeting Minutes - FINAL
*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, May 26, 2026 The Oakland City Council Finance And Management Committee Convened At 9:30 A.M., With Councilmember Ramachandran Presiding As Chairperson
COMMITTEE MEMBERSHIP:
Roll Call / Call To Order
Rowena Brown, Zac Unger, Charlene Wang, and Janani RamachandranPresent 4 - 1 Approval Of The Draft Minutes From The Committee Meeting May 12, 2026 26-0663
View ReportAttachments:
A motion was made by Rowena Brown, seconded by Zac Unger, that this matter be Accepted. The motion carried by the following vote:
Aye Brown Unger Wang, Ramachandran4 -
NO VOTE 0
2 Determination Of Schedule Of Outstanding Committee Items 26-0664
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View Supplemental Report - 5/21/2026
Attachments:
A motion was made by Rowena Brown, seconded by Zac Unger, that this matter be Accepted. The motion carried by the following vote:
Aye Brown Unger Wang, Ramachandran4 -
NO VOTE 0
May 26, 2026*Finance & Management Committee Meeting Minutes - FINAL 3 Subject: Fiscal Year (FY) 2025-26 Third Quarter (Q3) Revenue And Expenditures (R&E) Report
From: Finance Department
Recommendation: Receive An Informational Report On Fiscal Year (FY) 2025-26 Third Quarter (Q3) Revenues And Expenditures (R&E) Results And Year-End Estimates For The General Purpose Fund (GPF, 1010), And Select Funds
26-0686
View Report
View Attachment A
View Supplemental Presentation - 5/21/2026
Attachments:
7 Speakers Spoke On This Item
A motion was made by Charlene Wang, seconded by Rowena Brown, that this matter be Received and Filed. The motion carried by the following vote:
Aye Brown Unger Wang, Ramachandran4 -
NO VOTE 0
Item 4 Regarding The Amending Oakland Municipal Code Chapter 4.56 (Vacant Property Tax), Was Withdrawn From This Agenda And Scheduled To The Finance And Management Committee Pending List Under No Date Specific 5 Subject: City Of Oakland Investment Policy For FY 2026-27 From: Finance Department
Recommendation: Adopt The Following Pieces Of Legislation:
1) A Resolution Adopting The City Of Oakland Investment Policy For Fiscal Year 2026-2027; And
26-0641
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View Attachment A
View Attachment A - Redline
View Legislation
Attachments:
0 Speakers Spoke On This Item
The Committee Approved The Recommendation Of Staff And To Forward This Item To The June 2, 2026 City Council Agenda On Consent
A motion was made by Rowena Brown, seconded by Zac Unger, that this matter be Approved the Recommendation of Staff, and Forward to go before the * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council, to be heard 6/2/2026. The motion carried by the following vote:
Aye Brown Unger, Ramachandran3 -
Excused Wang1 -
May 26, 2026*Finance & Management Committee Meeting Minutes - FINAL NO VOTE 0
2) A Resolution Pursuant To Government Code Section 53607 Delegating Investment Authority Of The Oakland Redevelopment Successor Agency To The Agency Treasurer For Fiscal Year 2026-2027
26-0642
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View Attachment A
View Attachment A - Redline
View Legislation
Attachments:
0 Speakers Spoke On This Item
The Committee Approved The Recommendation Of Staff And To Forward This Item To The June 2, 2026 City Council Agenda On Consent
A motion was made by Rowena Brown, seconded by Zac Unger, that this matter be Approved the Recommendation of Staff, and Forward to go before the * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council, to be heard 6/2/2026. The motion carried by the following vote:
Aye Brown Unger, Ramachandran3 -
Excused Wang1 -
NO VOTE 0
6 Subject: Cash Management Report For FY 2025-2026 Third Quarter Ended March 31, 2026
From: Finance Department
Recommendation: Receive The Informational Cash Management Report For Fiscal Year 2025-2026 Third Quarter Ended March 31, 2026
26-0645
View Report
View Attachment A
Attachments:
0 Speakers Spoke On This Item
A motion was made by Zac Unger, seconded by Rowena Brown, that this matter be Received and Filed. The motion carried by the following vote:
Aye Brown Unger Wang, Ramachandran4 -
NO VOTE 0
Open Forum
0 Speakers Spoke During Open Forum
May 26, 2026*Finance & Management Committee Meeting Minutes - FINAL Adjournment
There Being No Further Business, The Oakland City Council Finance And Management Committee Adjourned The Meeting At 10:34 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.
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