Summary

Audit and Finance Committee meeting summary

AustinJan 14, 20261 min read

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The committee approved the December 3, 2025 minutes on a 5-0 vote and heard briefings on the fiscal year 2024-2025 financial report, 2026 bond debt capacity, and an audit of speed reduction efforts.

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Mueller Master Development

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Audit and Finance Committee

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TransportationBudget & Tax

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What this means

The committee approved its prior meeting minutes unanimously, then reviewed several financial and oversight topics. Those included bond programs, a possible policy on officeholder expenses, and a proposed citywide efficiency assessment. Members also received updates on the city’s most recent financial report, how much debt capacity is available for 2026 bonds, and an audit of efforts to reduce speeding.

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Approved the December 3, 2025 Audit and Finance Committee minutes on a 5-0 vote.

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Meeting information

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Audit and Finance Committee

Jan 14, 2026, 3:30 PMscheduled

Agenda

Public comment will be allowed in person or remotely by telephone. Speakers may only register to speak on an item once either in person or remotely. Items posted for possible action are available for sign-up. Briefings are not open for sign-up. For full instructions on participation in person or by telephone, please visit the Council Committee Information Center home page, which is linked here: https://www.austintexas.gov/department/city-council/council/council_committee_info_center.htm
A quorum of the City Council may be present at this meeting. Action will only be taken by the members of the committee. The committee may go into a closed session under the Open Meetings Act, Section 551.071, of the Texas Government Code, to receive advice from legal counsel on any item on this agenda.
CALL TO ORDER
Public Communication: General
Speakers signed up prior to the meeting being called to order will each be allowed three minutes to address their concerns regarding items not posted on the agenda. This section is limited to 5 speakers.
Approval of Minutes
Approve the minutes of the Audit and Finance Committee meeting of December 3, 2025.
Discussion and Possible Action
Discussion and possible action regarding bond programs.
Discussion and possible action regarding establishing an officeholder expense policy. [Diana Thomas, Deputy Chief Financial Officer; Carrie Rogers, Intergovernmental Relations Officer].
Discussion and possible action regarding establishing a Comprehensive Efficiency Assessment for the City. [Jason Hadavi, City Auditor].
Briefings
Fiscal Year 2024-2025 financial report. [Kerri Lang, Director - Office of Budget and Organizational Excellence].
Update on debt capacity calculations regarding 2026 bonds. [ Kim Olivares, Director - Financial Services].
Audit on speed reduction efforts. [Sam Socolow, Auditor- City Auditor’s Office].
Future Items
Identify items to discuss at future meetings.
Previously Distributed Memos to Mayor and Council (Information only; not for discussion)
Mueller Master Development Agreement Assignment Update memo dated December 10, 2025.
Fiscal Year 2025-2026 Amended Budget memo dated December 29, 2025.
Additional Information on 2025 FEMA Reimbursements memo dated December 30, 2025.
ADJOURN

Documents from this meeting

Minuteshttps://services.austintexas.gov/edims/document.cfm?id=468624

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