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City accepts RAFTELUS finance assessment; council directs audit/investment committee split and follow‑up
Summary
Council accepted an organizational assessment of the finance department and approved staff direction to separate audit oversight from investment advisory functions, pursue a finance strategic plan and return with implementation steps.
Laguna Beach city council on Monday accepted an organizational assessment by consulting firm RAFTELUS that identified staffing shortfalls, turnover and process weaknesses in the finance department and recommended a package of reforms, including restructuring and new policies.
The assessment: RAFTELUS told the council the finance unit has been stretched by a combination of high staff turnover, implementation of a new ERP system and inconsistent leadership. The consultants delivered 20 recommendations with a 24–48 month implementation window; staff emphasized seven priority items including separating accounting and budget functions into two…
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