*Finance & Management Committee on 2026-01-27 9:30 AM
Regular MeetingOakland, CA · January 27, 2026
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