Wendy Greuel

Advanced changes in municipal financial reporting and reserve practices that became part of the analytical basis for credit analysts reviewing LA securities. Commissioned and released audit reports and fiscal reviews highlighting gaps in contingency funding and recommending specific reserve targets and policy language. Worked with municipal finance staff to embed new disclosure templates and risk narratives into Comprehensive Annual Financial Reports and budget exhibits that underwriters and rating agencies use in due diligence. The resulting improvements in disclosure quality were referenced in subsequent official statements and influenced credit committee deliberations. By advocating for stronger reserve policies and clearer reporting of long‑term liabilities, these actions reduced informational asymmetries in the market and contributed to measurable changes in how investors price LA bond risk and demand for different tranches in primary offerings.