December 2nd, 2025

 

Call to Order   

Oral Communications   

 

Action Items

1. Discussion and Recommendation to the City Council to Accept the Macias Gini & O’Connell’s Audit of the City of Palo Alto’s Financial Statements as of June 30, 2025

Auditor’s Report to the City Council

Cable TV Franchise Auditor’s Report

Public Improvement Corporation Annual Financial Report

Regional Water Quality Control Plant Auditor’s Report

GANN Report

Transportation Development Act Funds, Article III

Staff Presentation

 

2. FY2025 Annual Comprehensive Financial Report (ACFR) and the Year-End Budget Adjustments in Various Funds on the schedule

General Fund Statement of Revenues, Expenditures, and Change in Fund Balance – Budget versus Actual (Budgetary Statement)

Recommended FY25 Year-End Budget Adjustments

Staff Presentation

 

3. Review and Recommend the City Council Accept the FY 2027- 2036 Long Range Financial Forecast and FY 2027 Annual Budget Development Guidelines

Late Packet Report

FY 2027 Budget Policy Guidelines

The Economy

General Fund Base Case Revenue Assumptions

General Fund Base Case Expense Assumptions

Assumptions Not Included in Forecast

Staff Presentation

 

4. Accept the Fiscal Year 2026 First Quarter Financial Status Report

Late Packet Report

FY 2026 First Quarter Financial Report

Public Safety Overtime Analysis Q1 2026

 

Future Meetings and Agendas

Adjournment