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OAKLAND (ALAMEDA COUNTY)local legislationFiled

Oakland Annual Financial Report and Auditor's Letter (2024)

Original title: Subject: Annual Comprehensive Financial Report And Management Letter From: Finance Department Recommendation: Receive The Annual Comprehensive Financial Report (ACFR) And The Auditor’s Required Communication To City Council (Management Letter) For The Year Ended June 30, 2024

Record date · March 18, 2025

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What This Bill Does

The City of Oakland Finance Department has submitted the Annual Comprehensive Financial Report () and the auditor's for the fiscal year ending June 30, 2024. This report is an informational filing for the City Council and the Oakland .

Why it matters

This report provides the official record of the city's financial health and audit findings for the 2024 fiscal year, which informs future budget decisions and public oversight of city funds.

Who It Affects

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

Indirectly affected

Oakland Residents

Residents are affected by the city's financial transparency and the audit findings regarding the management of public funds.

Directly affected

Oakland City Council

The Council is responsible for receiving and reviewing the audit findings and financial statements.

Key Facts

The document is an informational report covering the fiscal year ending June 30, 2024.
The report includes the Annual Comprehensive Financial Report (ACFR).
The report includes the Auditor’s Required Communication to City Council (Management Letter).
The filing is associated with file number 25-0456.

Show all 6 facts

The report is presented to both the Oakland City Council and the Oakland Redevelopment Successor Agency.
The report was introduced on January 27, 2025.

Frequently Asked Questions

What is an ACFR?

An Annual Comprehensive Financial Report is a set of financial statements for a state, municipality, or other governmental entity that complies with the accounting requirements established by the Governmental Accounting Standards Board.

What is a management letter?

A is a document provided by an external auditor to the city's management and council that identifies internal control weaknesses or other observations noted during the audit process.

What else do you want to know?

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Full breakdown

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Discoveries

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

policy shift90% confidence

Standard Annual Reporting Cycle

The document follows the standard annual cycle for municipal financial reporting, occurring in late January for the fiscal year ending the previous June.

Oakland Finance Department

Connected Entities

Oakland City Council, Oakland Finance Department, Oakland Redevelopment Successor Agency

OrganizationOakland City Council“The governing body receiving the report.”Map →

OrganizationOakland Finance Department“The department responsible for submitting the financial report.”Map →

OrganizationOakland Redevelopment Successor Agency“A body holding a concurrent meeting with the City Council regarding this report.”Map →

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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