The Orange County Board of Supervisors has publicly addressed concerns regarding Treasurer-Tax Collector Shari Freidenrich's management of her office, including allegations of creating a hostile workplace environment. Supervisors Doug Chaffee and Katrina Foley emphasized that these issues led to the decision to remove Freidenrich's investment authority over the county's $17 billion investment pool. They cited staff complaints about working conditions and delays in processing financial transactions as contributing factors.
In response, Freidenrich has not provided any public comment on the matter.
This development has raised concerns about the management of county finances and the work environment within the Treasurer-Tax Collector's office. The Board of Supervisors is expected to consider transferring oversight of the investment pool to the existing Audit Oversight Committee, which includes members appointed by the supervisors.
For more detailed information, you can refer to the full article on Voice of OC.
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