HomeMy WebLinkAboutReso 113-2020 (20-627)City of South San Francisco P.O. Box 711 (City Hall,
400 Grand Avenue)
South San Francisco, CA
City Council
Resolution: RES 113-2020
File Number: 20-627 Enactment Number: RES 113-2020
RESOLUTION AUTHORIZING THE APPOINTMENT
OF DEPUTY CITY TREASURER(S).
WHEREAS, the City has an elected City Treasurer whose election has been certified by the City
Clerk; and
WHEREAS, the City Treasurer is an elected position; and
WHEREAS, it is in the best interest of the City to appoint Deputy Treasurers for the management
of day-to-day financial operations of the City; and
WHEREAS, the Deputy Treasurers appointed by Council per Resolution No. 11-2014 no longer
work for the City.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of South San Francisco
does hereby confirm and certifies that the City's Director of Finance is also the Deputy Treasurer. In the
event that the title of the position of Director of Finance is changed in the future, the position shall
continue to be the Deputy Treasurer regardless of the title change.
BE IT FURTHER RESOLVED that the City Council of the City of South San Francisco hereby
confirms and certifies that the City's Director of Finance, with written approval from the City Treasurer,
can appoint additional Deputy Treasurers as necessary without further confirmation by the City Council.
BE IT FURTHER RESOLVED that the appointment of additional Deputy Treasurers of the City
by the Finance Director shall be limited to the following position classifications: Deputy Finance
Director and Financial Services Manager. In the event that the titles of those positions are changed in the
future, the positions shall continue to be eligible to be appointed as Deputy Treasurers regardless of the
title changes.
BE IT FURTHER RESOLVED, that Deputy Treasurers are authorized to carry out investment
transactions on behalf of the City, which includes, but is not limited to the authority to deposit and
withdraw funds of the City of South San Francisco monies in the Local Agency Investment Fund (LAIF)
in the State Treasury in accordance with the provisions of Section 16429.1 of the Government Code for
the purpose of investment as stated therein.
BE IT FURTHER RESOLVED, that the City Manager and Director of Finance are hereby
authorized to execute forms and agreements to carry out the intent of this Resolution, including, but not
limited to forms and agreements with the City's banking and investment institutions in order to add the
Deputy Treasurers as authorized signatories to banking and investment agreements.
City of South San Francisco Page 1
File Number: 20-627 Enactment Number. RES 113-2020
At a meeting of the City Council on 9/9/2020, a motion was made by Vice Mayor Addiego, seconded by
Councilmember Matsumoto, that this Resolution be approved. The motion passed.
Mayor Garbarino, Vice Mayor Addiego, Councilmember Nagales, Councilmember
Yes: 5 Nicolas, and Councilmember Matsumoto
Attest by 4 zz'�//
/Osa Govea Acosta, City Clerk
City of South San Francisco Page 2