1 REVIEW AND APPROVE DRAFT MINUTES FOR JANUARY 13, 2026 AUDIT AND FINANCE COMMITTEE MEETING Report: ROBERT BARRON III, ASSISTANT CITY MANAGER/FINANCE DIRECTOR Recommendation: It is recommended that the Committee approve the minutes for January 13, 2026. Description: This is a routine item to approve the Committee Meeting minutes from a previous meeting(s). 1
2 PRESENTATION, REVIEW, AND DISCUSSION BY TRUECOMP AND REVIEW OF THEIR PENSION MODELING SOFTWARE TOOL. DISCUSSION OF CALPERS ASSUMPTION UPDATES, FUNDING STATUS, IMPACT OF ADDITIONAL CONTRIBUTIONS TO THE PENSION, AND INVESTMENT RETURNS. PROVIDE A FORWARD-LOOKING PROJECTION ON THE PENSION TOOL FOR CONTRIBUTION AND INVESTMENTS. Report: ROBERT BARRON III, ASSISTANT CITY MANAGER/FINANCE DIRECTOR Recommendation: It is recommended that the Committee review the presentation by True Comp on CalPERS pension assumptions and updates on funding status and forward-looking projections Description: This item involves review and discussion by the True Comp presentation of the pension portal modeling of CalPERS funding status, impact of additional contributions, investment returns and future projections
3 PRESENTATION, REVIEW, AND ACCEPTANCE OF THE DRAFT FISCAL YEAR 2024-25 ATHERTON BASIC FINANCIAL STATEMENTS Report: ROBERT BARRON III, ASSISTANT CITY MANAGER, FINANCE DIRECTOR Recommendation: It is recommended that the Committee review the presentation by True Comp on CalPERS pension assumptions and updates on funding status and forward-looking projections Description: This item involves review and discussion by the True Comp presentation of the pension portal modeling of CalPERS funding status, impact of additional contributions, investment returns and future projections 2