CITY OF OAKLAND CALIFORNIA ANNUAL COMPREHENSIVE FINANCIAL REPORT
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This Annual Comprehensive Financial Report covers the City of Oakland's finances for the fiscal year ended June 30, 2024, and was prepared by the Finance Department under Director Erin Roseman and Controller Stephen Walsh. The report contains government-wide financial statements including the Statement of Net Position and Statement of Activities, along with fund-specific statements covering governmental, proprietary, and fiduciary funds. The document includes an independent auditor's report, management's discussion and analysis, and supporting schedules organized across introductory, financial, and supplementary sections.
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- Budget
The Charter Township of Oakland's preliminary budget for fiscal years 2021–2024 projects General Fund revenues across multiple sources. Current property taxes are estimated at $785,100 for 2021–22, $803,400 for 2022–23, and $822,200 for 2023–24. State sales tax revenue sharing represents the largest revenue stream, projected at $1,500,400 for 2021–22, $1,530,300 for 2022–23, and $1,560,900 for 2023–24. Cable franchise fees and PEG access fees are budgeted at $340,000 and $34,000 respectively for all three years. The budget eliminates Indian Lake Special Assessment revenue ($7,850 in 2020–21) and Cranberry Lake/Kniard Road Special Assessment revenues beginning in 2019–20, while retaining a School Administration Fee of $30,000 for 2021–24. Interest earned projections decline significantly from $208,991 in 2019–20 to $114,550 in 2021–22 and further to $16,500 in 2023–24.
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