Laguna Beach Citizens' Audit Review and Investment Advisory Committee - October 28, 2024

October 28, 2024

Executive Summary

- The Citizens' Audit Review and Investment Advisory Committee met on October 28, 2024, to review audit results for Fiscal Year 2022-2023 and discuss investment policy changes. - The Committee received an overview of the audit results for Fiscal Year 2022-2023, which represents a key accountability function for city finances. - Members reviewed a sample summary report template for the Fiscal Year 2021-2022 audit to guide preparation of the current year's summary. - The Committee considered forming an Ad Hoc committee specifically to assist with preparing the summary report on the Fiscal Year 2022-23 audit results. - Investment policy changes were reviewed as part of the Committee's ongoing oversight of the city's investment practices. - The meeting focused on the Committee's dual role in both audit review and investment advisory functions for the City of Laguna Beach. - Public participation opportunities were provided through written comments submitted via mail or email at least seven days before the meeting.

Key Decisions

- No specific votes or formal decisions were documented in this agenda. The meeting appears to have been primarily focused on presentations, discussions, and consideration of forming an Ad Hoc committee.