Investment, Banking & Audit Committee


The Investment, Banking & Audit Committee is responsible for reviewing and making recommendations to the City Council on the City's Investment Policy and the Draft Comprehensive Annual Financial Report (CAFR). In addition, they periodically review the City's investment portfolio and investment practices to ensure conformance with the City's Investment Policy.


The Committee meets on a quarterly basis throughout the year in the City Council Chambers. However, from December 7, 2022 to early April 2023, the Council Chambers at City Hall will be closed for the City Council Chamber Improvements Project. All City Council, Commission, and Committee meetings will be held at the Crown Valley Community Center (29751 Crown Valley Pkwy), with the exception of the Senior Citizens Committee Meetings, which will continue to be held at Sea Country Senior & Community Center (24602 Aliso Creek Rd). 

To view Committee agendas and reports, please click the button below.



The Committee consists of five members and two City Council Liaisons. The Committee Members serve two-year terms. The Committee Members are required to have substantial education and experience in one or more of the following the areas: accounting, finance, investment, banking, and other relevant experience. To learn more about the recruitment process, vacancies, and qualifications, please CLICK HERE.

Currently, the following individuals serve on the Investment, Banking & Audit Committee:

  • Council Member Rischi Paul Sharma (City Council Liaison)
  • Council Member Kelly Jennings (City Council Liaison)
  • Sean Latimer, Chair
  • Miles Friedman, Vice Chair
  • James Carbone
  • Kevin McElroy
  • Richard Riegle