RES-11522 ESTABLISHMENT OF THE INVESTMENT ADVISORY COMMITTEE AND AUDIT ADVISORY COMMITTEE - RESCINDS RESOLUTION NO. 11387RESOLUTION NO. 11522
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ORANGE RESCINDING RESOLUTION
NO. 11387
WHEREAS, the City Council of the City of Orange creates boards, committees, and
commissions and appoints members thereof to assist in carrying out the City's business and to
further the public interest; and
WHEREAS,Resolution No. 11387 merged the previously separated Audit Committee and
Investment Advisory Committee; and
WHEREAS, both audit and investment advisory functions are imperative to promote the
City's fiscal health; and
WHEREAS, the City Council recognizes the unique components of both Committees
regarding financial management fields; and
WHEREAS, the City Council desires to separate the Investment and Audit Committee,
and establish the Investment Advisory Committee and Audit Advisory Committee by adopting
new Orange Municipal Code sections.
NOW,THEREFORE, BE IT RESOLVED by the City Council of the City of Orange as
follows:
That Resolution No. 11387 is hereby repealed in its entirety.
ADOPTED this 27th day of February 2024.
Daniel R. Slater, Mayor, City of Orange
ATTEST:
Pamela Coleman, City Clerk, City of Orange
APPR VED AS TO FORM:
Mike Vigliotta, City Attorney
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ORANGE
I, PAMELA COLEMAN, City Clerk of the City of Orange, California, do hereby certify
that the foregoing Resolution was duly and regularly adopted by the City Council of the City of
Orange at a regular meeting thereof held on the 27th day of February 2024,by the following vote:
AYES: COUNCILMEMBERS: Barrios, Dumitru,Tavoularis, Bilodeau, Gutierrez,
and Slater
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: Gyllenhammer
41,f,t 0_0.,t_. l..6,("4 e-1
Pamela Coleman, City Clerk, City of Orange
I
Resolution No. 11522 2