January 15, 2026 - Finance and Audit Commission

Finance and Audit Commission · January 21, 2026

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Meeting called to order

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Chair Jayanta De opened the hybrid meeting and said commissioners, staff and the public were participating from the Downtown Nunavut Park Conference Room and remotely.

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The Menlo Park Finance and Audit Commission reviewed the city's annual comprehensive financial report for the year ending June 30, 2025; auditors issued a clean opinion but identified an interest allocation error under GASB 31 that prompted prior-period adjustments and reduced the general fund balance. The commission voted unanimously to recommend receipt of the report to city council.

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Transcript

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