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Board rescinds voluntary pool participation, moves to strengthen investment oversight and continues details for committee structure
Summary
Following public comment and internal audits, the board approved rescinding the voluntary pool participation program and directed staff to continue work on restructuring treasury oversight; the package was bifurcated so key elements return for further refinement.
After public testimony raising staffing and management concerns in the Treasurer-Tax Collector's office, the Orange County Board of Supervisors moved to tighten investment oversight and rescind the voluntary pool participation program.
Public speaker Suzanne Lester and others described repeated vacancies and turnover in the treasurer's office. The board chair outlined audit findings and alleged delays in statutorily…
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