King City Municipal Code Ch. 2.15 City Treasurer

The office of the city treasurer is confirmed as provided in Sections 36501 and 36502 of the Government Code of the state. The city treasurer shall perform such duties as are prescribed by Sections 41001 through 41007 of the Government Code of the state. The city treasurer shall perform such other duties consistent with this code as may be required of him or her by the council. The principal functions of the city treasurer shall be to receive and safely keep all public funds coming into his or her hands as treasurer, and to comply with all laws governing the deposit and securing of public funds and the handling of trust funds in his possession.

(Ord. 639 § 1, 2003)

The city treasurer shall be appointed by and serve at the pleasure of the city council. The city council may appoint the director of finance as city treasurer and in case of such appointment no compensation above or in addition to the compensation set for the position of director of finance shall be payable to the city treasurer in connection with his or her service in such office.

(Ord. 639 § 1, 2003)

The city treasurer may appoint deputies for whose acts he or she and his or her bondsmen are responsible, but in doing so, shall not incur any indebtedness or liability on behalf of the city except as authorized by the city council.

(Ord. 639 § 1, 2003)

The city treasurer shall coordinate his or her activities with the director of finance to assure availability of funds in response to demands for payment against city financial resources. The city treasurer shall not withhold making available funds to the finance director for payment of materials, equipment, goods or services duly authorized by the council through the adopted budget or by council approval by ordinance, resolution or motion when requests for such funds are duly authorized and presented by the director of finance.

(Ord. 639 § 1, 2003)

In addition to the requirements, duties and obligations imposed upon the city treasurer by the State Government Code concerning the investment of city moneys, the city treasurer shall attempt to secure the maximum rate of return on invested uncommitted city funds consistent with assuring availability of funds to meet the city’s financial obligations and consistent with statutory investment limitations. In order to assure compliance with this requirement, the city treasurer shall closely coordinate the investment of funds with the director of finance to assure the ability of the city to meet its obligations.

(Ord. 639 § 1, 2003)

The city treasurer shall execute a bond to the city necessary for the performance of his or her duties in the sum required by law or in such other sum as the city council shall set and authorize by ordinance or resolution. Any premium for such bond shall be a proper charge against the city.

(Ord. 639 § 1, 2003)