O
Monterey Park
← All issues
taxes budgetLow priorityopen

City Banking and Audit Contracts

Monterey Park

Summary

The city is switching its banking to J.P. Morgan Chase for better rates and incentives, and extended its auditor The Pun Group — but shortened the extension to two years plus one so a fresh auditor reviews the books sooner.

At a glance

Total mentions
1
Last 30 days
0

Last discussed Mar 18, 2026.

Impact analysis

💰Financial impact

Auditor contract not-to-exceed compensation rises from $238,000 to $668,792 through the extended term.

✅Who benefits

Taxpayers through better banking terms and stronger audit oversight.

Mentions & discussions (1)

We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.

The weekly brief for Monterey Park

What the council decided, in plain English — one email a week.

Also follow nearby cities

Free. Unsubscribe with one click any time. We never sell your email.