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*Finance & Management Committee on 2026-01-27 9:30 AM

Regular Meeting

Oakland, CA · January 27, 2026

AgendaMinutes

Minutes

Office of the City Clerk City of Oakland Oakland City Hall, 1 Frank H. Ogawa Plaza, Room 201 Meeting Minutes - FINAL Oakland, California 94612 *Finance & Management Committee Oakland City Hall, 1 Frank H. Ogawa Plaza, Oakland, California 94612 City of Oakland Website: http://www.oaklandca.gov Tuesday, January 27, 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 Present 4- Rowena Brown, Zac Unger, Charlene Wang, and Janani Ramachandran 1 Approval Of The Draft Minutes From The Committee Meeting Held On December 9, 2025 26-0346 Attachments: View Report 0 Speakers Spoke On This Item A motion was made by Rowena Brown, seconded by Charlene Wang, that this matter be Accepted. The motion carried by the following vote: Aye 4- Brown Unger Wang, Ramachandran NO VOTE 0 2 Determination Of Schedule Of Outstanding Committee Items 26-0347 Attachments: View Report 1 Speaker Spoke On This Item A motion was made by Zac Unger, seconded by Rowena Brown, that this matter be Accepted. The motion carried by the following vote: Aye 4- Brown Unger Wang, Ramachandran NO VOTE 0 City of Oakland Page 1 Printed on 2/10/2026 *Finance & Management Committee Meeting Minutes - FINAL January 27, 2026 3 Subject: Oakland PFRS’s Investment Portfolio As Of September 30, 2025 From: Finance Department Recommendation: Receive An Informational Report On The Oakland Police And Fire Retirement System’s (“PFRS”, Or “System”) Investment Portfolio As Of September 30, 2025 26-0330 Attachments: View Report View Attachment A 1 Speaker Spoke On This Item A motion was made by Rowena Brown, seconded by Charlene Wang, that this matter be Received and Filed. The motion carried by the following vote: Aye 4- Brown Unger Wang, Ramachandran NO VOTE 0 4 Subject: Informational Report On Ratings For GO Bonds, Series 2025 From: Finance Department Recommendation: Receive An Informational Report On The Ratings For The General Obligation Bonds Series 2025 (Measure U) From Moody’s Investor Service And Standard And Poor’s Ratings 26-0261 Attachments: View Report View Attachment A View Attachment B View Attachment C View Attachment D 1 Speaker Spoke On This Item A motion was made by Janani Ramachandran, seconded by Rowena Brown, that this matter be Received and Filed. The motion carried by the following vote: Aye 4- Brown Unger Wang, Ramachandran NO VOTE 0 City of Oakland Page 2 Printed on 2/10/2026 *Finance & Management Committee Meeting Minutes - FINAL January 27, 2026 5 Subject: FY 2025-2028 Citywide Strategic Plan Six-Month Update From: Office Of The City Administrator Recommendation: Receive An Informational Report From The City Administrator On The FY 2025-2028 Citywide Strategic Plan Six-Month Update 26-0328 Attachments: View Report View Attachment A The Committee Approved The Recommendations Of Staff And To Receive And Forward This Informational Report To The February 3, 2026 City Council Agenda On Consent 4 Speakers Spoke On This Item A motion was made by Zac Unger, seconded by Rowena Brown, that this matter be Received and Forwarded to go before the * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council, to be heard 2/3/2026. The motion carried by the following vote: Aye 4- Brown Unger Wang, Ramachandran NO VOTE 0 Open Forum 3 Speakers Spoke During Open Forum Adjournment There Being No Further Business, The Oakland City Council Finance And Management Committee Adjourned The Meeting At 11:01 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. City of Oakland Page 3 Printed on 2/10/2026 *Finance & Management Committee Meeting Minutes - FINAL January 27, 2026 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. City of Oakland Page 4 Printed on 2/10/2026

Agenda

City of Oakland Office of the City Clerk Oakland City Hall, 1 Frank H. Ogawa Plaza, Room 201 Oakland, California 94612 Agenda - FINAL Tuesday, January 27, 2026 9:30 AM City Council Chamber, 3rd Floor *Finance & Management Committee Oakland City Hall, 1 Frank H. Ogawa Plaza, Oakland, California 94612 City of Oakland Website: http://www.oaklandca.gov *Finance & Management Committee Agenda - FINAL January 27, 2026 PUBLIC PARTICIPATION The Public May Observe And/Or Participate In This Meeting 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: • 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 closes twenty-four (24) hours before meeting 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. • 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. *To Be Recognized To Speak Via ZOOM, Speaker Cards Must Be Submitted and Received City of Oakland Page 2 Printed on 1/22/2026 4:27:34PM *Finance & Management Committee Agenda - FINAL January 27, 2026 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. 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. City of Oakland Page 3 Printed on 1/22/2026 4:27:34PM *Finance & Management Committee Agenda - FINAL January 27, 2026 COMMITTEE MEMBERSHIP: Councilmember Rowena Brown, At-Large; Councilmember Zac Unger, District 1; Councilmember Charlene Wang, District 2; Chairperson: Councilmember Janani Ramachandran, District 4 Roll Call / Call To Order 1 Approval Of The Draft Minutes From The Committee Meeting Held On December 9, 2025 26-0346 Attachments: View Report 2 Determination Of Schedule Of Outstanding Committee Items 26-0347 Attachments: View Report 3 Subject: Oakland PFRS’s Investment Portfolio As Of September 30, 2025 From: Finance Department Recommendation: Receive An Informational Report On The Oakland Police And Fire Retirement System’s (“PFRS”, Or “System”) Investment Portfolio As Of September 30, 2025 26-0330 Sponsors: Finance Department Attachments: View Report View Attachment A Legislative History 1/8/26 *Rules & Legislation Scheduled to the *Finance & Management Committee Committee 4 Subject: Informational Report On Ratings For GO Bonds, Series 2025 From: Finance Department Recommendation: Receive An Informational Report On The Ratings For The General Obligation Bonds Series 2025 (Measure U) From Moody’s Investor Service And Standard And Poor’s Ratings 26-0261 Sponsors: Finance Department Attachments: View Report View Attachment A View Attachment B View Attachment C View Attachment D Legislative History City of Oakland Page 4 Printed on 1/22/2026 4:27:34PM *Finance & Management Committee Agenda - FINAL January 27, 2026 11/20/25 *Rules & Legislation Scheduled to the *Finance & Management Committee Committee 12/4/25 *Rules & Legislation * Withdrawn and Rescheduled to the Committee *Finance & Management Committee 5 Subject: FY 2025-2028 Citywide Strategic Plan Six-Month Update From: Office Of The City Administrator Recommendation: Receive An Informational Report From The City Administrator On The FY 2025-2028 Citywide Strategic Plan Six-Month Update 26-0328 Sponsors: Office Of The City Administrator Attachments: View Report View Attachment A Legislative History 1/8/26 *Rules & Legislation Scheduled to the *Finance & Management Committee Committee 1/15/26 *Rules & Legislation * Withdrawn and Rescheduled to the Committee *Finance & Management Committee 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 City of Oakland Page 5 Printed on 1/22/2026 4:27:34PM *Finance & Management Committee Agenda - FINAL January 27, 2026 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. City of Oakland Page 6 Printed on 1/22/2026 4:27:34PM