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*Special Finance & Management Committee

Wednesday, February 5, 2020 · 1:00 PM AM · Sgt. Daniel Sakai (HR 4) - 2nd Floor

TL;DR

The Oakland City Council held a special Finance Study Session to review the city's fiscal health and financial status. The meeting was informational and focused on understanding the current economic environment, debt, investments, pension obligations, and revenue challenges facing the city.

Key Decisions

  • No formal decisions made Informational Report Only
Agenda PDF Minutes PDF

Agenda

  1. DEFINITION OF TERMS: Consent Item: any action item that a subject matter Committee has forwarded to the full Council with unanimous recommendation for approval and is not controversial, and does not have a high level of public interest as determined by the Rules Committee. Non-Consent Item: any action that a subject-matter Committee has forwarded to the full Council without unanimous recommendation for approval, or having a high level of public interest, or is controversial as determined by the Rules Committee. Action Item: any resolution, ordinance, public hearing, motion, or recommendation requiring official vote and approval of the City Council to be effective. Informational Item: an item of the agenda consisting only of an informational report that does not require or permit Council action.
  2. Roll Call / Call To Order
  3. COMMITTEE MEMBERSHIP:
  4. Open Forum (TOTAL TIME AVAILABLE: 15 MINUTES)
  5. 1 Subject: Special Finance Study Session From: Councilmember McElhaney Recommendation: Receive An Informational Report To Discuss The Fiscal Health Of The City Of Oakland Including: 1) Finance Department Overview; 2) Current Economic Environment; 3) Debt And Investment; 4) Pension And Other Post-Employment Benefits (OPEB) Obligations; 5) Financial And Reserve Policies; And 6) Revenues
    Informational Report
  6. Adjournment
  7. 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.
  8. Americans With Disabilities Act If you need special assistance 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
  9. 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.