City of Oakland

The meeting covered the Audit & Operations Committee agenda, including the recommendation to approve the May 29, 2024, minutes and accept the Administrative Expenses Report as of April 30, 2024. Key agenda items also involved reviewing pending items for the Audit Committee. Separately, the Investment and Financial Matters Committee meeting addressed the approval of its May 29, 2024, minutes, acceptance of informational reports on economic and investment market overviews, preliminary investment fund performance, and asset class reviews for International Equity and Fixed Income. A key recommendation was made to approve a $13.2 million drawdown for member retirement allowances for the period of July 1, 2024, through September 30, 2024.

This semi-annual newsletter reports on the progress of the City of Oakland's Bicycle Plan, detailing advancements in infrastructure and safety initiatives. Key efforts include the approval of a five-year Paving Plan designed to significantly enhance bike lanes, the installation of numerous new and separated bike lanes, and targeted safety improvements around school zones. The report also highlights active community engagement through the Bicyclist and Pedestrian Advisory Commission, the securing of substantial grants for future projects, and the expansion of public bike parking facilities, while also addressing challenges encountered within the bike share program.

The key topics for this meeting of the Audit & Operations Committee included the approval of the February 28, 2024 Meeting Minutes, acceptance of an informational report regarding PFRS administrative expenses as of January 31, 2024, and a recommendation for Board approval of a mid-cycle adjustment to the PFRS FY 2024/2025 Administrative Expenses Budget. Additionally, the committee considered a resolution to authorize travel and reimbursement for Board Member Jaime T. Godfrey to attend the Pension Bridge The Annual 2024 conference. Finally, the committee reviewed a recommendation for the Board to approve the printing and publication of the PFRS Annual Report for the Fiscal Year Ended June 30, 2023.

This document outlines the development and implementation of 'As We Age in Oakland: A 5-Year Strategic Action Plan,' which aims to identify and prioritize the needs of Oakland residents aged 55 and older and adults with disabilities to foster aging well within the community. The plan involves a collaborative, community-wide approach with various stakeholders, and includes a commitment to annual monitoring, evaluation, and communication of progress to ensure successful implementation and resource advocacy.

The City of Oakland's Fiscal Year 2025-2027 Capital Improvement Program (CIP) outlines the renovation, replacement, and delivery of City-owned assets, including libraries, public safety facilities, sewers, recreation centers, parks, and streets. The plan prioritizes balancing the renovation and replacement of existing assets with the delivery of new assets in areas of greatest need, guided by community-championed priorities of equity and safety. Key focus areas include transportation, buildings and facilities, parks and open spaces, sanitary sewer and wastewater systems, and storm drainage and watershed projects. The CIP aims to link long-range strategic goals with current resources, emphasizing a transparent, equitable process that encourages community participation and aligns with the General Plan Update for long-term capital planning.