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OAKLAND (ALAMEDA COUNTY)local legislationIn Committee

Oakland FY 2024-25 Third Quarter Financial Report

Original title: Subject: Fiscal Year (FY) 2024-25 Third Quarter (Q3) Revenue And Expenditures (R&E) Report From: Finance Department Recommendation: Receive An Informational Report On Fiscal Year (FY) 2024-25 Third Quarter (Q3) Results And Year-End Estimates For The General Purpose Fund (GPF, 1010), And Select Funds, And An Update On Current Year Balancing Efforts

Record date · June 3, 2025

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What This Bill Does

This report provides an update on the City of Oakland's financial performance for the third quarter of the 2024-25 fiscal year. It includes current revenue and expenditure results, year-end projections for the General Purpose Fund, and an update on efforts to balance the budget.

Why it matters

This report informs the public and city officials about the city's current financial health and the status of efforts to close budget gaps for the 2024-25 fiscal year.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

Oakland City Council

The Council receives this data to inform future budget decisions and oversight.

Indirectly affected

Oakland Residents

Residents are affected by the city's overall financial health and the success of budget balancing efforts.

Key Facts

The report covers the third quarter (Q3) of the 2024-25 fiscal year.
The report includes revenue and expenditure results for the General Purpose Fund (GPF, 1010).
The report includes year-end financial estimates for the General Purpose Fund and select other funds.
The report provides an update on current-year budget balancing efforts.

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The document is an informational report and does not require a legislative vote to enact new policy.
The report is scheduled for a concurrent meeting of the Oakland Redevelopment Successor Agency and the City Council.
The report was introduced on May 13, 2025.

Frequently Asked Questions

What is the purpose of this report?

It is an informational update on how much money the city has collected and spent during the first nine months of the fiscal year, and what the expected financial position is at the end of the year.

Does this report change city taxes or services?

No, this is an informational report intended to update the City Council on the budget status; it does not authorize new spending or tax changes.

What else do you want to know?

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Full breakdown

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Discoveries

1 pattern noticed across the record

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

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Ongoing Budget Balancing

The report explicitly highlights that the city is currently engaged in 'balancing efforts,' suggesting a potential deficit or revenue shortfall in the 2024-25 fiscal year.

Oakland Finance Department

Sources

Open source document

webapi.legistar.com

Analysis Score

0–100

Significance40
How much this matters to a regular citizen
Controversy10
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz10
Current news / social attention level

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