Orange County Grand Jury
• 2014-2015
• Agency Response
Response to:
City of Laguna Hills
City of Laguna Hills City Council Mayor Council Members Dore J. Gilbert, M.d. Andrew Blount December 8, 2015*
⚠️ Translation Notice: This content has been automatically translated. The original English text is the official version. Translation may contain errors.
⚠️ Este contenido ha sido traducido automáticamente. El texto original en inglés es la versión oficial. La traducción puede contener errores.
Findings and Recommendations 1 findings
F1
Aliso Viejo, Dana Point, Laguna Hills, and Villa Park were not in compliance with GASB Statement No. 45 regarding the authorization of a study to determine other post-employment benefit liabilities. Aliso Viejo, Dana Point, Laguna Hills, Laguna Woods, and Villa Park were not in compliance with the disclosure of post- employment benefits in the Notes Section of their Comprehensive Annual Financial Report for FY 2012-2013. Response: As it pertains to Laguna Hills, the City wholly disagrees with this finding. Since the City does not offer, and has never offered, to its employees any other post-employment benefits (OPEB), there can be no associated liabilities and no need to engage such a 24035 El Toro Road • Laguna Hills, California 92653 • (949) 707-2610 • FAX (949) 707-2614 website: www.ci.laguna-hills.ca.us Grand Jury Response - GASB 45 December 8, 2015 study. Since there are no liabilities, there is no requirement to make such a disclosure in the City's Comprehensive Annual Financial Report (CAFR). Furthermore, the City's financial reports are independently audited. The City's independent auditors (two different firms) have never suggested that the City is out of compliance with GASB Statement No. 45. GRAND JURY RECOMMENDATIONS
Related Recommendations (1)
R1
The cities of Aliso Viejo, Dana Point, Laguna Hills, Villa Park, and Laguna Woods should measure and disclose their liability in accordance with Governmental Accounting Standards Board Statement No. 45. Response: As it pertains to Laguna Hills, this recommendation will not be implemented because it is not warranted. The City has no OPEB liability to measure and is, and always has been, in full compliance with GASB Statement No. 45. Should you have any questions or need additional information, please contact Donald J. White, Assistant City Manager, at (949) 707-2610. Sincerely, Dore J. Gilbert, M.D. Mayor
* This report's PDF did not contain easily extractable text and required Optical Character Recognition (OCR) for analysis. There may be minor errors in the extracted findings and recommendations due to OCR limitations with scanned documents.