Office of the City Clerk  
Oakland City Hall,  
City of Oakland  
1 Frank H. Ogawa Plaza,  
Room 201  
Oakland, California 94612  
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  
Tuesday, May 26, 2026  
9:30 AM  
City Council Chamber, 3rd Floor  
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  
4 - Rowena Brown, Zac Unger, Charlene Wang, and Janani Ramachandran  
Present  
Approval Of The Draft Minutes From The Committee Meeting May 12, 2026  
26-0663  
1
Attachments: View Report  
A motion was made by Rowena Brown, seconded by Zac Unger, that this matter  
be Accepted. The motion carried by the following vote:  
4 - Brown Unger Wang, Ramachandran  
0
Aye  
NO VOTE  
Determination Of Schedule Of Outstanding Committee Items  
26-0664  
2
Attachments: View Report  
View Supplemental Report - 5/21/2026  
A motion was made by Rowena Brown, seconded by Zac Unger, that this matter  
be Accepted. The motion carried by the following vote:  
4 - Brown Unger Wang, Ramachandran  
Aye  
0
NO VOTE  
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  
Attachments: View Report  
View Attachment A  
View Supplemental Presentation - 5/21/2026  
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:  
4 - Brown Unger Wang, Ramachandran  
0
Aye  
NO VOTE  
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Property Tax), Was Withdrawn From This Agenda And Scheduled To The Finance And  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  
Attachments: View Report  
View Attachment A  
View Attachment A - Redline  
View Legislation  
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:  
3 - Brown Unger, Ramachandran  
Aye  
Excused  
NO VOTE  
1 - Wang  
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  
Attachments: View Report  
View Attachment A  
View Attachment A - Redline  
View Legislation  
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:  
3 - Brown Unger, Ramachandran  
Aye  
Excused  
NO VOTE  
1 - Wang  
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  
Attachments: View Report  
View Attachment A  
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:  
4 - Brown Unger Wang, Ramachandran  
0
Aye  
NO VOTE  
Open Forum  
Adjournment  
0 Speakers Spoke During Open Forum  
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.  
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.