Laguna Beach City Council - January 15, 2020

January 15, 2020

Executive Summary

- The Citizens' Audit Review and Measure LL Oversight Committee met on January 15, 2020, at 6:00 PM at the Community and Susi Q Center to review and approve a draft audit report on the City's fiscal year 2017-18 Comprehensive Annual Financial Report (CAFR). - Committee Member Peter Stevenson participated by phone. - The Committee discussed and approved minutes from two prior meetings held on October 1, 2019 and November 18, 2019. - The Committee reviewed a draft audit report, PowerPoint presentation, and press release for presentation to the City Council on February 4, 2020 (pending confirmation of the date). - A 2020 meeting calendar was reviewed and approved for the year ahead. - The Committee discussed working simultaneously on the 2018-19 Measure LL oversight review and the audit report. - Time permitting, the Committee planned to discuss items for the next audit report including SWOT Analysis and Performance Measures. - This appears to be a continuation of ongoing financial oversight and audit activities conducted by this committee.

Key Decisions

- Approved minutes from meetings held on October 1, 2019 and November 18, 2019. - Approved draft audit report on the June 30, 2018 Comprehensive Annual Financial Report (CAFR). - Approved PowerPoint presentation for City Council. - Approved press release regarding the audit findings. - Approved the 2020 meeting calendar for the Citizens' Audit Review and Measure LL Oversight Committee. - Confirmed February 4, 2020 as the tentative date for presentation to the City Council.