Laguna Beach Citizens' Audit Review and Investment Advisory Committee - August 7, 2024

August 7, 2024

Executive Summary

- The Citizens' Audit Review and Investment Advisory Committee met on August 7, 2024, to evaluate audit firms and make a recommendation to the City Council. - The committee heard presentations from two audit firms: Lance, Soll & Lunghard, LLP and Vasquez & Company, LLP. - The committee was tasked with recommending one audit firm to the City Council for the city's annual financial audit. - Two committee members were selected to attend the August 13, 2024 City Council meeting to present the committee's recommendation and answer questions. - The meeting also included approval of minutes from previous meetings held on July 2, 2024 and March 25, 2024. - Public participation was encouraged through written submissions via mail to the Staff Liaison at 505 Forest Avenue or email to pespinoza@lagunabeachcity.net with a seven-day advance notice requirement. - The meeting was held in person at the Community and Susi Q Center located at 380 3rd Street, Laguna Beach, California.

Key Decisions

- Approved minutes from the July 2, 2024 Citizens' Audit Review and Investment Advisory Committee meeting (vote count not specified). - Approved minutes from the March 25, 2024 Citizens' Audit Review and Investment Advisory Committee meeting (vote count not specified). - Selected an audit firm to recommend to the City Council (specific firm not identified in agenda; vote count not specified). - Selected two committee members to attend the August 13, 2024 City Council meeting to present the audit firm recommendation (specific members not identified in agenda; vote count not specified).