Recording of Citizens Financial Accountability Oversight Committee - December 2025 Meeting

Citizens Financial Accountability Oversight Committee · December 31, 2025

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58:14

Opening and pledge of allegiance

Announcement

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Meeting called to order and opened remotely by the chair. The meeting began with the Pledge of Allegiance led by the chair.

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The Citizens Financial Accountability Oversight Committee (CFAOC) met remotely on Dec. 30, 2025. Auditors delivered an unmodified opinion on CIRM's FY2024 financial statements and the committee adopted the audit; CIRM presented its 2024–25 results and a $505 million research budget for 2025–26 and answered member questions about equity, underspent funds, and large variances.

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Transcript

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