Financial Review Committee Meeting - October 28, 2025

Financial Review Committee · February 18, 2026

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Call to order and roll call

Presentation

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Meeting called to order; secretary asked to call the roll. Chair Mitchell noted all members present except Member Pagano and Vice Chair Frost. This establishes quorum for the Financial Review Committee meeting of Oct. 28.

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The Financial Review Committee met Oct. 28, 2025. Members approved meeting minutes, a quarterly financial report showing roughly $8.6 million in general fund revenues and $11 million in expenditures (quarter), heard a CalPERS pension actuarial update showing an estimated 94.9% funded status, and approved an investment policy update effective Jan. 1, 2026.

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Transcript

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