City of Gresham

The meeting focused on key financial topics including an investment performance review, an annual review of the city's investment policy, and a review of the budget to actual report. Discussions included updates on various projects, committee business, and the restructuring of the city's investment policy to align with industry best practices.

The document contains an agenda for an upcoming Finance Committee meeting and minutes from a previous session. Key discussion topics include the Capital Improvement Program update, the Urban Renewal budget process, and a General Fund forecast. Previous meeting discussions covered the approval of a forgivable loan for the Wastewater Treatment Plant, a property tax update, committee duties for the Gresham Redevelopment Commission, council compensation adjustments, and the status of the Police training facility lease.

The Finance Committee meeting agenda included several key items for discussion and possible decision. Discussions were scheduled regarding a Forgivable Loan for the Wastewater Treatment Plant, which requires Council approval on a future date, and an update on 2025 property tax data from Multnomah County. A significant portion of the meeting was dedicated to the annual preparation and approval of the Mayor & Council Compensation Schedule for Fiscal Year 2026/27. The committee also planned to follow up on items from the January 21, 2026 meeting and review project updates.

The Public Safety Levy Advisory Subcommittee presented its 2025 annual report to the City Council, covering their oversight activities since their formal creation in January 2025. The subcommittee met five times, reviewing operational needs and staffing challenges for the Gresham Fire and Police departments funded by the 2024 voter-approved levy. Financially, the levy collected $12,549,898 in its first fiscal year, with $11,094,890 spent, resulting in an unaudited balance of $1,555,008 as of June 30, 2025. Staffing updates indicated that 40 police positions (including five new sworn positions) and 33 fire department positions were funded, with most positions filled. Police operational enhancements included expanding the community safety specialist team (four of six positions filled) and reopening the Rockwood station. Fire department improvements included fully staffing Engine and Rescue 72 and restoring school fire safety inspections for the first time in 16 years, with two new fire inspectors hired.

The Finance Committee meeting agenda included several key items for discussion and action. Topics covered included the election of a Chair to fill a vacancy, public comment, review of the Fiscal Year 2024/25 Audit Results, and the Annual Comprehensive Financial Report. Operational matters included discussion on a Facility Lease for the Police Training Facility, a Budget Adjustment to Accept and Appropriate a Department of Homeland Security grant for firefighter health assessments and equipment, and a review of the Public Safety Levy Advisory Subcommittee Year 1 Report. Further items involved an update on property tax data from Multnomah County, review of the FY 2025/26 Budget to Actual Report (Quarter 2), and review of the 2026 Finance/Budget Committee Calendar.