Laguna Beach City Council - December 8, 2021

December 8, 2021

Executive Summary

- The Citizens' Audit Review and Measure LL Oversight Committee convened on February 9, 2022, via Zoom webinar to review fiscal year 2020-21 Measure LL financial reports and discuss audit-related matters. - The Committee approved minutes from two previous meetings held on December 8, 2021, and October 6, 2021. - Staff provided an update on the FY 2021-22 audit progress and status. - The Committee reviewed detailed financial reports for Measure LL, including expenditure budget versus actual, revenue budget versus actual, and balance sheet documents. - Discussion focused on the financial impact of low-frequency, high-impact events on Measure LL-funded programs and how unexpected costs affect budgeted initiatives. - The Committee discussed scheduling and planning for the upcoming Audit Request for Proposal (RFP) to select an auditing firm. - Public participation was available via Zoom webinar, phone, or written submission, with a 3:00 PM deadline for email comments on the day before the meeting.

Key Decisions

- Approved minutes from the December 8, 2021 meeting. - Approved minutes from the October 6, 2021 meeting.