# Management Finance Policy Committee Meeting - October 2026


**Body:** The Aurora Channel
**Date:** October 22, 2026
**Jurisdiction:** SLED

**Tags:** Construction & Infrastructure, Professional Services, Physical Infrastructure


The Aurora Management Finance Policy Committee met on October 22, 2026. The committee advanced a proposed best-value contracting ordinance for public works construction and maintenance procurements of $500,000 or more. It would score bids on multiple criteria—including price, contractor capacity and past performance, workforce practices, and safety—rather than relying solely on the lowest bid. Staff will further assess the threshold, project definitions, implementation timing, and stakeholder feedback before a study session; no final ordinance vote occurred. The committee also advanced the proposed prohibition on sales-and-use-tax incentives for data centers and a fall 2026 supplemental budget ordinance, described as primarily involving one-time capital-project adjustments. August sales-tax collections were reported at $29.3 million, up $4 million (16%) from August 2025.

The committee advanced an intergovernmental agreement allowing RTD police to buy fuel at city facilities, with quarterly billing and an administrative fee, and recommended moving forward with a five-year renewal of the city’s Wells Fargo banking-services contract. The city holds $8.5 million at Wells Fargo to offset service fees at a 1.5% earnings credit rate; additional cash sweeps to a money-market vehicle earning more than 3.5%. The committee also moved forward the 2026 audit engagement letter for Forvis Mazars LLP, covering financial and federal single audits and other procedures; fees were included in the letter but not stated in the transcript. Other items advanced included metropolitan-district service plans and 2027 business improvement district budgets. No contract award was made at this meeting.

**Source:** The Aurora Channel