Agenda Item   

AGENDA STAFF REPORT

 

                                                                                                                        ASR Control  25-000821

 

MEETING DATE:

12/16/25

legal entity taking action:

Board of Supervisors

board of supervisors district(s):

All Districts

SUBMITTING Agency/Department:

County Executive Office   (Approved)

Department contact person(s):

Oana Cosma (714)834-7410 

 

 

Karalyn Meeh (714)834-4146

 

 

Subject:  2025 Strategic Financial Plan and 2025 Vision Annual Report

 

      ceo CONCUR

County Counsel Review

Clerk of the Board

          Concur

No Legal Objection

Discussion

 

 

3 Votes Board Majority

 

 

 

    Budgeted: N/A

Current Year Cost:   N/A

Annual Cost: N/A

 

 

 

    Staffing Impact:

No

# of Positions:            

Sole Source:   N/A

    Current Fiscal Year Revenue: N/A

   Funding Source:     N/A

County Audit in last 3 years: No

   Levine Act Review Completed: N/A

 

    Prior Board Action:         N/A

 

RECOMMENDED ACTION(S):

 

 

1.

Receive and file the 2025 Strategic Financial Plan.

 

2.

Receive and file the OC CARES Annual Report for Fiscal Year 2024-25.

 

3.

Approve Real Estate Development Policy.

 

4.

Approve Orange County Investment Policy.

 

 

 

 

 

SUMMARY:

 

Strategic Financial Plan

 

The Strategic Financial Plan provides the Board of Supervisors, members of the public, County departments and other interested parties with a long-term operational linkage between the County’s Strategic Financial Plan and the annual budget process.  The Strategic Financial Plan provides a tool for evaluating the possible impact of policy decisions related to General Fund Operations, capital requirements and strategic priorities.

 

OC CARES Annual Report

 

The OC CARES Annual Report for Fiscal Year 2024-25 summarizes the achievements and progress made towards implementation of the 2025 Vision Report.

 

Real Estate Development Policy

 

The County's Real Estate Development Policy is being established to provide a framework for the strategic development and monetization of underutilized or surplus County-owned real property through public private partnerships with the private sector.

 

Orange County Investment Policy

 

The Orange County Investment Policy provides the structure for the prudent investment of the County of Orange funds and other depositors in the County Treasury.

 

 

BACKGROUND INFORMATION:

 

Strategic Financial Plan

 

Refer to the 2025 Strategic Financial Plan, Attachment A, Executive Summary section for background information.

 

OC CARES Annual Report

 

On October 22, 2019, the Board of Supervisors received the Community Correction’s System: Integrated Services 2025 Vision Report, which serves as the action plan for the County to reform the criminal justice system by prioritizing behavioral health prevention and services, in-custody and post-custody reentry efforts and collaborating with the courts and other stakeholders to strengthen the Community Corrections System of Care. The Orange County Criminal Justice Coordinating Council provides oversight on the implementation of the goals and action items outlined in the report and progress is tracked and reported quarterly.  The OC CARES system links the various systems of care in the County of Orange to provide full care coordination and services.  The Integrated Services 2025 Vision implementation plan was revised last year to OC CARES: Justice through Prevention and Intervention. The OC CARES 2025 Vision Annual Report for FY 2024-25 summarizes the achievements and progress made towards implementation.  All related priorities, action items, targets and outcomes have been incorporated into the County’s 2025 Strategic Financial Plan.

 

Real Estate Development Policy

 

The Real Estate Development Policy is intended to guide the evaluation, planning and implementation of development projects on County-owned land that leverage private investment while advancing County priorities for fiscal sustainability, community development and equitable access to housing. Refer to the Purpose section of the Real Estate Development Policy, Attachment C, for additional background information.


 

 

Orange County Investment Policy

 

The Policy is prepared in accordance with California State law and based on prudent money management practices. The primary goal is to invest public funds in a manner that will provide the maximum security of principal invested with secondary emphasis on providing adequate liquidity to pool participants and lastly to achieve a market rate of return within the parameters of prudent risk management while conforming to all applicable statutes and resolutions governing the investment of public funds.

 

 

 

FINANCIAL IMPACT:

 

N/A

 

 

 

STAFFING IMPACT:

 

N/A

 

 

 

ATTACHMENT(S):

 

Attachment A - 2025 Strategic Financial Plan
Attachment B - OC CARES Annual Report FY 2024-25
Attachment C - Real Estate Development Policy
Attachment D - Orange County Investment Policy (Clean)
Attachment E - Orange County Investment Policy (Redline)