Laguna Beach City Council - April 29, 2025

April 29, 2025

Executive Summary

- The Citizens' Audit Review and Investment Advisory Committee met on April 29, 2025, to review investment performance and plan for future policy updates. - Mark Orgill, CFA, Director of Advisory Services at Meeder, presented a report on the City's long-term investments. - City Treasurer Laura Parisi, CPA, CCMT, provided a report on short-term investment performance. - The Committee discussed establishing a sub-committee to review and propose changes to the 2026 Investment Policy. - Future quarterly meeting dates were established to maintain regular oversight of the City's investment portfolio.

Key Decisions

- Received and filed the long-term investment report from Mark Orgill, CFA, Director of Advisory Services at Meeder. - Received and filed the short-term investment report from City Treasurer Laura Parisi, CPA, CCMT. - Discussed establishing a sub-committee to consider and review changes to the 2026 Investment Policy (no final decision documented in this agenda). - Established dates for future quarterly meetings.