Finance & Management Committee — Meeting Minutes (Feb 10, 2026): ACFR, ORSA audit, Q4 results, and multi‑year | TheCommon

Summary

Finance & Management Committee — Meeting Minutes (Feb 10, 2026): ACFR, ORSA audit, Q4 results, and multi‑year staffing plan

OaklandFeb 10, 20262 min read

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The Finance & Management Committee met Feb 10, 2026 at 9:30 AM with Chair Janani Ramachandran and members Rowena Brown, Zac Unger, and Charlene Wang present. The committee approved the Jan 27, 2026 draft minutes; accepted the schedule of outstanding items; received and filed the ORSA audit, FY 2024-25 Q4 revenue & expenditures report, and the Annual Comprehensive Financial Report and auditor management letter; and approved forwarding the Multi‑Year Plan to Meet Voter‑Mandated Staffing and Service Level to the Feb 17, 2026 City Council consent agenda. The meeting adjourned at 11:31 AM.

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*Finance & Management Committee

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Approved the draft minutes of the committee meeting held January 27, 2026 (motion carried 4-0).
Accepted the determination of the schedule of outstanding committee items (motion carried 4-0).
Received and filed the Oakland Redevelopment Successor Agency (ORSA) Audit Report for the year ended June 30, 2025 (motion carried 4-0).
Received and filed the Fiscal Year 2024-25 Fourth Quarter Revenue and Expenditures report, including supplemental presentation (motion carried 4-0).
Received and filed the Annual Comprehensive Financial Report (ACFR) and the auditor’s management letter for the year ended June 30, 2025 (motion carried 4-0).
Approved staff recommendation to receive the Multi‑Year Plan to Meet Voter‑Mandated Staffing and Service Level and forwarded the item to the Feb 17, 2026 City Council agenda on consent (motion carried 4-0).
Adjourned the meeting at 11:31 AM.

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*Finance & Management Committee

Feb 10, 2026, 12:00 AMCity Council Chamber, 3rd Floorscheduled

Agenda

The Oakland City Council Finance And Management Committee Convened At 9:30 A.M. With Councilmember Ramachandran Presiding As Chairperson
DEFINITION OF TERMS: • Action Item: shall mean any resolution, ordinance, public hearing, motion or recommendation requiring official vote and approval of the City Council to be effective. • Informational Item: shall mean an agenda item consisting only of an informational report that does not require or permit Council action. • Consent Item shall mean, for the purposes of the City Council agenda: 1) approval of Council minutes, and 2) any action or informational item placed on a Council agenda for a Regular Meeting or Special Meeting (i) as a Consent Item by the Rules and Legislation Committee, (ii) pursuant to Rule 28, or (iii) that a Standing Committee has forwarded to the full Council with unanimous recommendation for approval by the members who are present: Consent Item shall not include: 1) any item having a high level of public interest or controversy as determined by the Standing Committee Chair, or the Rules and Legislation Committee, or pursuant to Rule 28; 2) any item that requires a public hearing or that otherwise is ineligible by law as a Consent Item. • Non-Consent Item shall mean, for the purposes of a City Council agenda for a Regular Meeting or Special Meeting, any action or informational item that: 1) a Standing Committee has forwarded to the full Council without unanimous recommendation for approval; 2) has a high level of public interest or controversy as determined by a Standing Committee Chair, the Rules and Legislation Committee, or pursuant to Rule 28; or 3) requires a public hearing or is otherwise ineligible by law as a Consent Item.
PAGE BREAK
COMMITTEE MEMBERSHIP:
Roll Call / Call To Order
Approval Of The Draft Minutes From The Committee Meeting Held On January 27, 2026
Determination Of Schedule Of Outstanding Committee Items
Subject: Oakland Redevelopment Successor Agency (ORSA) Audit Report, FY 2024-25 From: Finance Department: Recommendation: Receive The Oakland Redevelopment Successor Agency (ORSA) Audit Report For The Year Ended June 30, 2025
Subject: Fiscal Year 2024-25 Fourth Quarter Revenue And Expenditures (R&E) Report From: Finance Department: Recommendation: Receive An Informational Report On Fiscal Year (FY) 2024-25 Fourth Quarter (Q4) Audited Results For The General Purpose Fund (GPF, 1010), And Select Funds
Subject: Annual Comprehensive Financial Report And Management Letter From: Finance Department Recommendation: Receive The Annual Comprehensive Financial Report (ACFR) And The Auditor’s Required Communication To City Council (Management Letter) For The Year Ended June 30, 2025
Subject: Multi-Year Plan To Meet Voter-Mandated Staffing And Service Level From: Finance Department Recommendation: Receive An informational Report Addressing The Oakland Roadmap To Fiscal Health’s Objective Of Presenting A Phased, Multiyear Plan To Move The City Toward Compliance With Voter Mandated Staffing, Service Levels And Other Agreements
Open Forum
Adjournment
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.
Americans With Disabilities Act If you need special assistance, including translation services to participate in Oakland City Council and Committee meetings please contact the Office of the City Clerk. When possible, please notify the City Clerk 5 days prior to the meeting so we can make reasonable arrangements to ensure accessibility. Also, in compliance with Oakland's policy for people with environmental illness or multiple chemical sensitivities, please refrain from wearing strongly scented products to meetings. Office of the City Clerk - Agenda Management Unit Phone: (510) 238-6406 Fax: (510) 238-6699 Recorded Agenda: (510) 238-2386 Telecommunications Relay Service: 711
MATERIALS RELATED TO ITEMS ON THIS AGENDA SUBMITTED TO THE CITY COUNCIL AFTER DISTRIBUTION OF THE AGENDA PACKETS MAY BE VIEWED IN THE OFFICE OF THE CITY CLERK, 1 FRANK H. OGAWA PLAZA, 1ST AND 2ND FLOOR, OAKLAND, CA 94612 FROM 8:30 A.M. TO 5:00 P.M.

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