Finance & Management Committee meeting summary | Delegating Investment Authority Of The Oakland Redevelopment | TheCommon

Summary

Finance & Management Committee meeting summary

OaklandMay 26, 20262 min read

At a glance

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Committee met May 26, 2026 and approved draft minutes and the schedule of outstanding items. Staff presented and the Committee received the FY 2025-26 third quarter revenue & expenditures report and the third quarter cash management report. The Committee approved the City investment policy and a delegation of successor agency investment authority and forwarded both items to the June 2, 2026 City Council consent agenda. An item to amend the Vacant Property Tax was withdrawn and placed on the pending list.

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Delegating Investment Authority Of The Oakland Redevelopment Oakland Redevelopment

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*Finance & Management Committee

Topics discussed

Budget & Tax

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What this means

City finance staff reported the city’s financial status for the third quarter of FY 2025-26 and the Committee accepted those reports, so city leaders have the latest revenue, spending, and cash information as they plan the budget. The Committee approved the proposed investment policy and a delegation of investment authority for the redevelopment successor agency and sent those approvals to the full City Council for final action. A proposed change to the Vacant Property Tax was removed from the agenda and will be considered later.

Key decisions

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Approved the draft minutes from the May 12, 2026 Committee meeting.
Accepted the schedule of outstanding Committee items.
Received and filed the FY 2025-26 Third Quarter Revenue and Expenditures report (General Purpose Fund and select funds).
Received and filed the FY 2025-26 Third Quarter Cash Management report (ended March 31, 2026).
Approved the City of Oakland Investment Policy for FY 2026-27 and forwarded it to the June 2, 2026 City Council consent agenda.
Approved a resolution delegating investment authority of the Oakland Redevelopment Successor Agency to the Agency Treasurer for FY 2026-27 and forwarded it to the June 2, 2026 City Council consent agenda.
Withdrew the item to amend Oakland Municipal Code Chapter 4.56 (Vacant Property Tax) and placed it on the Committee pending list with no date specific.

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Meeting information

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*Finance & Management Committee

May 26, 2026, 12:00 AMCity Council Chamber, 3rd Floorscheduled

Agenda

PUBLIC PARTICIPATION The Public May Observe And/Or Participate In This Meeting In Many Ways. OBSERVE: • To observe, the public may view the televised video conference by viewing KTOP channel 10 on Xfinity (Comcast) or ATT Channel 99 and locating City of Oakland KTOP - Channel 10 • To observe the meeting online from the City’s Agenda Meeting Calendar, at the noticed meeting time, please click on https://oakland.legistar.com/calendar.aspx and click on the “In Progress” link under “Video” for the corresponding meeting. • To observe the meeting by video conference, please click on this link: https://us02web.zoom.us/j/81112262938 at the noticed meeting time. • To listen to the meeting by phone, please call the numbers below at the noticed meeting time: Dial (for higher quality, dial a number based on your current location):US: +1 669 900 6833 or +1 253 215 8782 or +1 346 248 7799 or +1 929 436 2866 or +1 301 715 8592 or +1 312 626 6799 or 833 548 0282 (Toll Free) or 877 853 5247 (Toll Free) or 888 788 0099 (Toll Free) or 833 548 0276 (Toll Free) Meeting ID: 811 1226 2938 If asked for a participant ID or code, press #. PUBLIC COMMENT WILL BE TAKEN ON EACH ACTION ITEM. ALL MEMBERS OF THE PUBLIC WISHING TO SPEAK MUST FILL OUT A SPEAKER CARD FOR EACH ITEM. SPEAKERS' CARDS MUST BE RECEIVED BY THE CITY CLERK BEFORE THE ITEM IS READ INTO THE RECORD. COMMENTS ON ITEMS NOT ON THE AGENDA WILL BE TAKEN DURING OPEN FORUM AT THE END OF THE MEETING. ELECTRONIC SPEAKER CARDS/PUBLIC COMMENTS: • To Submit An Electronic Speaker Card, Members Of The Public Must (1) Visit The City Of Oakland Meeting Calendar Website At: https://oakland.legistar.com/Calendar.aspx (2) Click the hyperlink labeled ‘eComment’ in the far right column of the meeting you wish to participate, (You Will Be Redirected To The Specific Meeting Webpage); And (3) Register To ‘Sign In To Speak’ For Each Agenda Item(s) You Wish To Speak to. PLEASE NOTE, ELECTRONIC SPEAKER CARDS MUST BE SUBMITTED 24 HOURS BEFORE THE SCHEDULED MEETING START TIME. • eComment. To send your comment directly to Council members, go to https://oakland.legistar.com/calendar.aspx and click on the “eComment” link for the corresponding meeting. Please note that eComment submission ends at the meeting’s scheduled start time. • To Comment In Person, Members Of The Public Must Submit A Separate Speaker Card For Each Item On The Agenda To The City Clerk Before The Item Is Called And/Or As Stated In The Council's Rule Of Procedure. *To Be Recognized To Speak Via ZOOM, Speaker Cards Must Be Submitted and Received Before The City Clerk Reads the Item Into the Record. • Once You Have Submitted Your Speaker Card - Your Zoom Profile Name Will Be Acknowledged To Speak When Public Comment Is Taken. When your name is called please raise your hand in Zoom (By Pressing “*9”) and Unmute Your Self By Pressing *6. You Will Be Permitted To Speak During Your Turn. Instructions On How To “Raise Your Hand” Is Available At: Https://Support.Zoom.Us/Hc/En-Us/Articles/205566129 - Raise-Hand-In-Webinar. If you have any questions, please email the Agenda Management Unit at cityclerk@oaklandca.gov Agenda Management Unit at cityclerk@oaklandca.gov - Office of the City Clerk
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.
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
Approval Of The Draft Minutes From The Committee Meeting May 12, 2026
Determination Of Schedule Of Outstanding Committee Items
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
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
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
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
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
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.
Subject: Amending Oakland Municipal Code Chapter 4.56 (Vacant Property Tax) From: Council President Jenkins Recommendation: Adopt An Ordinance Amending Oakland Municipal Code Chapter 4.56 (Vacant Property Tax) To Establish A Temporary Three-Year Exemption For Parcels Located East Of High Street To Incentivize Property Activation, Reduce Vacancy, And Prevent Tax Default In Historically Underinvested Areas Of East Oakland

Documents from this meeting

Minuteshttps://oakland.legistar1.com/oakland/meetings/2026/5/9532_M__Finance___Management_Committee_26-05-26_Meeting_Minutes.pdf
Agendahttps://oakland.legistar1.com/oakland/meetings/2026/5/9532_A__Finance___Management_Committee_26-05-26__Agenda.pdf

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