Cupertino Municipal Code Ch. 2.24 City Treasurer\

* For statutory provisions regarding the position of city treasurer, see Gov. Code §§ 36501 and 41001 et seq.

It shall be the duty of the Treasurer to receive and safely keep all moneys of the City deposited with him or her in connection with any business thereof.

(Ord. 1697, (part), 1995; Ord. 650, (part), 1974; Ord. 17, § 1, 1956)

The Treasurer shall pay out all moneys owed by the City including obligations incurred by improvement bonds thereof on certification of the Director of Finance that such are due and owing. All payments, transfers or withdrawals of City moneys shall be by checks signed by the Mayor and Treasurer. In the event that the Mayor or Treasurer are not available, then the Vice-Mayor and/or Deputy Treasurer are authorized to sign in their place. A facsimile signature may be used.

(Ord. 1951, 2004; Ord. 1697, (part), 1995; Ord. 946, 1979; Ord. 650, (part), 1974; Ord. 17, § 2, 1956; Ord. 26-2283, Att. A § 3, 2026)

The Treasurer shall make monthly reports which conform to the requirements of Government Code Section 41004. Said reports shall be delivered to the City Council, the City Manager and made available for review by such other persons who may so request.

(Ord. 1697, (part), 1995; Ord. 650, (part), 1974; Ord. 17, § 3, 1956)

The Treasurer before entering upon his or her duties shall take the oath of office provided for in the Constitution of the State of California and shall file with the City Clerk an official bond in the amount to be set from time to time by the City Council by resolution for the faithful performance of his or her duties, payable to the City. Said bond shall be to the satisfaction of the Mayor and his or her approval shall be endorsed thereon. The premium of the bond shall be paid by the City.

(Ord. 1697, (part), 1995; Ord. 17, § 4, 1956)

Pursuant to authority granted by state statutes, there is hereby delegated to the Treasurer the authority to invest or to reinvest funds of the City, or to sell or exchange securities so purchased, and who shall thereafter assume full responsibility for such transactions until such time as the delegation of authority is revoked. The Treasurer shall make a monthly report of all such transactions to the members of the City Council, the City Manager and also make it available for review by such other persons who may so request.

(Ord. 650, (part), 1974)