Investment and Audit Committee

Weimer Room 300 E. Chapman Avenue Orange, CA 92866

Agenda — 24 items

1. 1 The Investment and Audit Committee of the City of Orange, California convened on January 24, 2024, at 3:00 p.m. in a Regular Meeting in the Weimer Room, 300 E. Chapman Avenue, Orange, California.
2. 2 Agenda Information
3. 3 The agenda contains a brief general description of each item to be considered. Written materials relating to an item on the agenda that are provided to the Investment and Audit Committee (IAC) after agenda packet distribution and within 72 hours before it is to consider the item will be made available for public inspection in the City Clerk’s Office located at 300 E. Chapman Avenue, Orange, during normal business hours; at the IAC meeting; and made available on the City's website.
4. 4 Public Participation
5. 5 Pursuant to Government Code Section 54954.3, members of the public may address the Investment and Audit Committee on any agenda items or matters within the jurisdiction of the governing body by using any of the following methods:
6. 6 1) In-Person To speak on an item on the agenda, complete a speaker’s card indicating your name, address, and identify the agenda item number or subject matter you wish to address. The card should be given to staff prior to the start of the meeting. General comments are made during the “Public Comments” section on the agenda. Public comments are limited to three (3) minutes per speaker, unless a different time limit is announced. 2) Written Public Comments Members of the public can submit their written comments electronically for the Committee's consideration by using the eComment feature on the Agenda page of the City's website at www.cityoforange.org. To ensure distribution to the Committee prior to consideration of the agenda, we encourage the public to submit comments by 11:00 a.m. the day of the meeting. All public comments will be provided to the Investment and Audit Committee for consideration and posted on the City's website after the meeting. Please contact the City Clerk’s Office at (714) 744-5500 with any questions.
7. 7 ADA Requirements: In compliance with the Americans with Disabilities Act, if you need accommodations to participate in this meeting, contact the Finance Department at (714) 744-2230. Notification at least 48 hours in advance of meeting will enable the City to make arrangements to assure accessibility to this meeting.
8. 8 page break
9. 1. OPENING/CALL TO ORDER
10. 1.1 PLEDGE OF ALLEGIANCE
11. 1.2 ROLL CALL
12. 2. PUBLIC COMMENT
13. 3. APPROVAL OF MINUTES
14. 3.1. Approval of minutes of the City of Orange Investment and Audit Committee Regular meeting held on October 25, 2023. 24-0035 Approved Pass
15. 4. INVESTMENT ITEMS
16. 4.1 Rate Summary December 2022 - December 2023. 24-0036
17. 4.2 Treasurer’s Investment Report. 24-0037
18. 4.3 Investment Portfolio Update. 24-0038
19. 5. ECONOMIC UPDATES
20. 5.1 Sales Tax Update, Q3. 24-0040
21. 5.2 California Forecast Sales Tax Trends and Economic Drivers. 24-0039
22. 6. CITY UPDATE
23. 7. ADJOURNMENT
24. 25 I, Ryan Nicole Sullivan, Executive Assistant for the City of Orange, hereby declare, under penalty of perjury, that a full and correct copy of this agenda was posted pursuant to Government Code Section 54950 et. seq., at the following locations: Orange Civic Center kiosk and Orange City Clerk's Office at 300 E. Chapman Avenue, Orange Main Public Library at 407 E. Chapman Avenue, and uploaded to the City's website www.cityoforange.org. Date posted: January 18, 2024