City Council

6) CONSIDERATION OF A CORRECTIVE ACTION PLAN IN RESPONSE TO STATE AUDITOR REPORT 2024-801 It is recommended that the City Council approve the following: 1. Proposed Corrective Action Plan in response to the Local High Risk Program Report 2024-801 issued by the State Auditor; 2. Authorize staff to transfer $1,787,000 from the Other Post- Employment Benefit (OPEB) Internal Service Fund back to the General Fund; and 3. Authorize staff to issue a Request for Proposals for investment management and advisory services to evaluate the City's full portfolio and recommend changes to maximize the return of assets.