HomeMy Public PortalAbout86-162 (12-16-86)RESOLUTION N0. 86-162
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF LYNWOOD AMENDING THF. SALARY SCHEDULE FOR
FY 86-87 REGARDING SPECIAL COMPENSATION FOR
CITY TREASURER
WHF.RF.AS, the City Council of the City of Lynwood has adopted Resolution
86-90 which includes a. salary schedule for Fiscal Year 1986-87; and
i
WHEREAS, the City Treasurer is performing the duties defi"ned in Government
Code Section 41000-41007; and
4713EREAS, the City Treasurer is performing additional. duties as outlined in
Exhibit A.
NOW, TIC RE FORE, the City Council of the City of Lynwood does hereby resolve
as follows:
Section 1. Amend the Speci,
FY 86-87 to add
Cash Management
Section 2. 7'h is resolution
adoption.
al Assignment Compensation salary schedule for
the following rate:
Supervis~ar $ 46.15
100.00 Mo.
shall become effective immediately upon its
PASSED, APPROVED and ADOPTED this ]"6thday of December 1986.
I"'~
~I
1 ~
PAUL R•ICHARllS, Mayor
City of Lynwood
ATTEST
~f~~ti~~~L~ ,~/'S• J 11N APPROVED AS TO CONTENT:
ANDREA L. HOOPER, City .,lerk
City of Lynwood ~^ ~ ~~i{~~ ~
8-~'~C
Suzan e K. Fevold
Acting Personnel Officer
APPROVED AS TO FORM:
' _______•e~l~
City Attorney L~~`
STATE OF CALIFORNIA )
ss.
COUNTY OF I,OS ANGELES )
I, the undersigned City Clerk of the City of Lynwood,
do hereby certify that the foregoing resolution was passed and
adopted by the City Council of the City of Lynwood at a regular
meeting held on the 16th day of December 1986.
AYES: COUNCILPERSONS HENNING, A10RRIS, KICFIARDS, WBLI,S
NOES: NONE
ABSENT: MEMBER BYORK
~~ ~~
City Clerk, City of L~ood
"mil
'°`1
EXHIBIT A
CASH 1~LSNAGEMENT SUPERVISOR DUTIES
1. Investments of idle funds:
a) Supervise the development of projected cash flow analysis to determine
availability of funds and needed maturities.
i b) Review and approval of the placement of funds with financial institutions
and determination of maturing dates based on cash flow needs.
c) Review market conditions to determine type of securities that offer highest
interest rates available with consideration of safety.
2. Analysis of financial institutions:
a) Review of audited bank statements to insure financial solvency and safety
of City funds.
b) Supervision of the development of micro-computer program to monitor this
function.
3. Preparation and annual review of City investment policy which is submitted to
the City Council.
4. Review and approval of monthly City Treasurer's report.
5. Attend conferences and meetings to obtain the latest techniques of investments
with cash flow monitoring, etc..
6. Review of state legislation affecting City Treasurer's function.
7. Conferences with bank officials regarding conditions of City accounts, status
of funds and investments.
8. Miscellaneous other duties.