Finance and Audit CommissionMenlo Park
Quarterly update on city grant funding
Commission will receive a quarterly update on grant funding received by the city.
Info onlyComment period has passedOct 15Budget & Taxes
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Public spending, fees, taxes, bonds, contracts, and the tradeoffs behind public money.
Commission will receive a quarterly update on grant funding received by the city.
Commission will review the investment portfolio report dated June 30, 2026.
The City Council is asked to authorize the city manager and city attorney to sign a legal services agreement with Goldfarb Lipman.
The council will consider a resolution to change the city’s salary schedule starting Sept. 20, 2026.
What's happening
Why it matters
Changing the salary schedule will affect pay for city workers and the city’s payroll costs.
Who is affected
How to act
Attend: In person at City Council Chambers or via Zoom (ID 832 1285 7140)
Email: city.council@menlopark.gov
Submit comment: Submit written comment online up to one hour before the meeting start time (5:30 p.m.)
Decision update
The item “Amend city salary schedule effective Sept. 20, 2026” passed (4–0–1).
Decided Sep 15, 2026.
The Finance and Audit Commission presented its FY 2026‑27 work plan and reviewed prior‑year activities.
City Council will consider a resolution to amend the salary schedule effective Sept. 6, 2026.
What's happening
Why it matters
It changes pay for police officers and sergeants, affecting the city budget and public‑safety staffing.
Who is affected
How to act
Attend: Not listed in the source document.
Email: Not listed in the source document.
Submit comment: Not listed in the source document.
Decision update
The City Council approved the consent calendar, which includes the resolution to amend the salary schedule effective September 6, 2026.
Decided Aug 25, 2026.
The City Council will receive the quarterly investment report for March 31, 2026.
City Council will receive and file the investment portfolio quarterly report for March 31, 2026.
The Council will vote to approve a vesting tentative map that merges two parcels and creates eight condo parcels plus a common area at 335‑355 Pierce Rd.
Staff recommends the Council receive the quarterly investment portfolio report for March 31, 2026.
The City Council received and filed the investment portfolio quarterly reports for March 31, 2026.
The Council will adopt a resolution approving a vesting tentative map that creates eight condominium parcels and one common area at 335‑355 Pierce Rd.
City Council adopted a resolution approving the fiscal year 2026‑27 investment policy for the City and the Successor Agency.
The City Council will consider adopting the FY 2026‑27 investment policy for the City and the Successor Agency.
What's happening
Why it matters
It sets rules for how city funds are invested, affecting the safety, liquidity and returns of public money.
Who is affected
How to act
Attend: Attend in person at City Council Chambers or join via Zoom (ID 832 1285 7140).
Email: city.council@menlopark.gov
Submit comment: Submit a written comment online up to one hour before the meeting start time.
Decision update
The item “Adopt investment policy for FY 2026‑27” passed unanimously (Unanimous).
Decided Aug 11, 2026.
Council will consider and adopt a resolution to amend the city's comprehensive master fee schedule, revising building permit fees in community development.
The commission will consider a below‑market‑rate housing in‑lieu fee for a research and life‑sciences project at 985‑1005 O’Brien Dr. and 1320 Willow Rd.
Staff presented changes to the city’s FY 2026‑27 budget that the commission adopted.
Staff report updates the City’s adopted FY 2026‑27 budget.
What's happening
Why it matters
The budget determines funding for city services, including libraries.
Who is affected
How to act
Attend: Not listed in the source document.
Email: Not listed in the source document.
Submit comment: Not listed in the source document.
Decision update
The Library Commission adopted an informational item that provided clarification on the City of Menlo Park’s FY 2026‑27 adopted budget. The adoption does not alter the budget itself.
Decided Jul 20, 2026.
The policy requires the Administrative Services Director to notify the City Manager if a security’s rating falls below the minimum.
The city’s investment advisor, Insight Investment, reviews the policy each fiscal year for compliance and market trends.
The Commission presented its work‑plan goals, including an annual review of the investment policy and quarterly review of investment portfolio performance.
The City can invest in supranational securities rated “AA” or higher, limited to 30% of the portfolio.
U.S. GDP for Q4 was revised down from 1.4% to 0.7% annualized.
The agenda notes ICE BofA as a broker‑dealer without additional details.