At the October meeting of the Financial Administration and Economic Development Committee, members unanimously recommended or approved several items for the city council’s consideration or further action. The committee recorded the following formal actions.

1) 2025 audit engagement: The committee moved to recommend city council approval of the 2025 audit engagement letter with RubinBrown LLP for the city’s financial statements and a separate 2025 audit engagement letter with RubinBrown LLP for the Overland Park Convention Center’s financial statements. The motion passed unanimously.

2) Investment and cash management policy update: The committee moved to recommend governing body approval of an updated investment and cash management policy to reflect recent state law revisions (including pooled CD collateralization and offering CDs to in‑city financial institutions) and to authorize staff to include required certification and documentation under KSA 12‑16,177(b). The motion passed unanimously.

3) Transient guest tax (TGT) budget amendment: The committee moved to direct staff to publish an amendment to the TGT fund and TGT operating fund budgets, schedule a public hearing for Nov. 17, 2025 at 7:30 p.m. in the City Council Chamber, and schedule council adoption for that date following the hearing. The motion passed unanimously.

4) Retirement plan investment management: The committee moved to direct staff to negotiate agreements with IntelliSense Investment Solutions Inc. for discretionary investment management services for city‑sponsored retirement benefit plan investments and to recommend that city council waive the selection process and approve the agreements. The motion passed unanimously.

5) 2026 annual calendar of meetings: The committee moved to recommend city council approval of the 2026 annual calendar of meetings. The motion passed unanimously.

6) Approval of minutes: The committee approved minutes from June 18 and July 16, 2025. The motion passed unanimously.

Vote notes: motions were moved and seconded during the meeting; the committee recorded unanimous support on each item. The committee had a quorum present (committee members noted there were five members present for the meeting).