§ 2.08.120. City Treasurer duties.

A.

The City Treasurer shall perform those duties established by the general laws of the State of California relating to the management and investment of City money set forth in Sections 41001 et seq. of the Government Code. Such duties include but are not limited to:

1.

Receiving and safely keeping all money coming into his or her hands as City Treasurer;

2.

Complying with all laws governing the deposit and securing of public funds and the handling of trust funds in his possession;

3.

Paying out money only on warrants signed by legally designated persons;

4.

Submitting to the City Clerk, at least once each month, a written report and accounting of all receipts, disbursements, and fund balances and filing a copy of the written report and accounting with the legislative body;

5.

The City Treasurer may appoint deputies for whose acts the City Treasurer and his or her bondsmen are responsible. The deputies shall hold office at the pleasure of the City Treasurer and receive such compensation as is provided by the City Council.

B.

The City Treasurer shall also perform the following duties:

1.

Reviewing the monthly warrants on a biweekly basis with the City Manager, or his/her designee, to determine the integrity of the warrants and to ensure the warrants are properly issued;

2.

Delivering monthly summary accounting of all receipts, expenses and fund balances to the City Council and working with the City Manager, or his/her designee, to ensure accuracy of said reports;

3.

Providing a monthly City Treasurer's report to the City Council, raising issues of concern and or requests for City Council action;

4.

Representing the City as needed and/or requested by the City Council at City, County, State or Commission meetings;

5.

Working with the City Manager, or his/her designee, to prepare and deliver additional reports as requested by the City Council. Reports may be added to a monthly, quarterly or annual schedule if deemed to be beneficial to the City Council and decision making;

6.

Completing special projects as requested by the City Council;

7.

Serving on all City Financial committees including budget formation, audit decisions and process, risk assessment, financial strategy, revenue development and transparency policies for the security and integrity of City assets, funds, information and security.

C.

The authority of the City Council to invest or reinvest City funds may be delegated to the City Treasurer, subject to annual review and renewal by the City Council, pursuant to Section 53607 of the California Government Code. In the event the City Council delegates the City's investment and reinvestment authority to the City Treasurer, the City Treasurer shall assume full responsibility for investment activities until said delegation of authority is revoked or expires, and shall make a monthly report of investment activities to the City Council. The City Treasurer shall have the duty to enforce the investment policy of the City as may be adopted and amended from time to time by the City Council.

( Ord. No. 1064, § 3, 10-6-2015 )