Agenda Item
City Council
Item #: 6.1. 7/12/2022 File #: 22-0409
1. SUBJECT
Appointment(s) to Investment and Audit Committee.
2. SUMMARY
With the adoption of Resolution No. 11387 at the April 12, 2022, City Council meeting, the City’s Investment Advisory Committee and Audit Committee were merged into one new committee entitled the Investment and Audit Committee. Resolution No. 11387 also established the Committee’s qualifications for appointment including the number of representatives and terms. The Investment and Audit Committee consists of five members: the City Treasurer and four citizen representatives.
Terms are two years. For the initial committee, two of the four citizen representatives shall be appointed to a one-year term, then two years thereafter. Existing members of the Investment Advisory Committee and Audit Committee applied for the newly created committee, and Mayor Murphy is recommending their appointment.
3. RECOMMENDED ACTION
Confirm Mayor Murphy’srecommendation to appoint Larry Sallinger to a two-year term ending June 30, 2024; Mark Mittmann to a two-year term ending June 30, 2024; and Jordan Prell to a one-year term ending June 30, 2023.
4. ATTACHMENTS
· Resolution No. 11387
City of Orange Printed on 7/7/2022Page 1 of 1
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