Oceanside Municipal Code Art. IV Office of the City Treasurer

Footnotes:

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Editor's note— Ord. No. 97-19, § 1, adopted Jan. 7, 1998, amended Art. IV, in its entirety, to read as herein set out. Prior to inclusion of said ordinance, Art. IV pertained to the treasurer. See the Code Comparative Table.

(a) The office of the city treasurer is established and shall be supervised by the city treasurer, an elected official. No person shall be eligible for election or appointment to the office of city treasurer unless that person, at the time of the final candidate filing date or proposed appointment date, meets at least one (1) of the following criteria:

(1) The person possesses a valid baccalaureate, masters, or doctoral degree from an accredited college or university with a minimum of sixteen (16) college semester units, or their equivalent, in accounting, auditing, economics, business administration or finance.

(2) The person possesses a valid certificate issued by the California State Board of Accountancy pursuant to Chapter 1 (commencing with Section 5000) of Division 3 of the Business and Professions Code, showing that person to be, and a permit authorizing that person to practice as, a certified public accountant.

(3) The person possesses a valid charter issued by the Institute of Chartered Financial Analysts showing the person to be designated a Chartered Financial Analyst, or showing the person has achieved a Certificate in Investment Performance Measurement (CIPM).

(4) The person possesses a valid certificate issued by the California Municipal Treasurer's Association showing the person is a Certified California Municipal Treasurer (CCMT).

(b) The minimum qualifications established in section 2.17(a) shall apply to any candidate for city treasurer as well as any person appointed as a city treasurer commencing with the general municipal election on November 5, 2024.

(c) The city treasurer and the financial services director shall work collectively to ensure the city council adopted investment policy is followed.

(Ord. No. 97-19, § 1, 1-7-98; Ord. No. 17-OR0020-1, § 1, 1-4-2017; Ord. No. 22-OR0719-1, § 1, 10-19-2022)

Employees of the office of the city treasurer responsible for the investment or management of money shall be members of the unclassified service, provided, however, that this provision shall not apply to persons employed in the classified service on the effective date of the ordinance adopting this section unless and until the employee is promoted. Notwithstanding any provision of Chapter 23 of this Code or of the Oceanside Personnel Rules and Regulations to the contrary, employees of the office of the city treasurer shall be appointed by the director of financial services, following consultation with the city treasurer, subject to the approval of the city manager. Employees may be assigned to joint service in the office of the city treasurer and the financial services department upon terms acceptable to the city treasurer and the financial services director. The financial services director, in consultation with the city treasurer, shall establish employment standards for employees responsible for the investment or management of money.

(Ord. No. 97-19, § 1, 1-7-98; Ord. No. 17-OR0020-1, § 1, 1-4-2017)

The city treasurer and financial services director may appoint as a deputy one or more employees of the office of the city treasurer responsible for the investment and management of money. The financial services director shall be appointed as a deputy. Deputies shall receive no additional compensation for services provided in the capacity of deputy.

(Ord. No. 97-19, § 1, 1-7-98; Ord. No. 17-OR0020-1, § 1, 1-4-2017)

The city treasurer shall receive such compensation as may from time to time be determined by resolution of the city council.

(Ord. No. 97-19, § 1, 1-7-98)

Before commencing any duties of office, the city treasurer, and any employee of the office of the city treasurer responsible for the investment or management of money shall post a faithful performance bond payable to the city in an amount determined by resolution of the city council. This bond may be a master bond providing coverage for more than one officer, employee or agent of the city pursuant to Section 1481 of the California Government Code. The cost of the premium on the bond shall be a charge against the general fund of the city.

(Ord. No. 97-19, § 1, 1-7-98)

The authority of the city council to invest or reinvest city funds is delegated to the city treasurer, subject to annual review and renewal by the city council, pursuant to Section 53607 of the California Government Code. The city treasurer shall have the duty to enforce the investment policy of the city as may be adopted from time to time by the city council. The city council shall review the city's investment policy during its consideration of the annual budget. The city treasurer shall have the duty to recommend additions, deletions or modifications to the investment policy for consideration by the city council. The city treasurer shall perform those duties established by the general laws of the state relating to the management and investment of city money. The city treasurer shall have no duty to collect city taxes or license fees or to perform any function of the director of the financial services department established pursuant to sections 2.55 through 2.58 of this Code.

(Ord. No. 97-19, § 1, 1-7-98; Ord. No. 20-OR0062-1, § 1, 2-5-20)

The city treasurer and financial services director shall cooperate in order to assure the prudent management of the city's fiscal resources.

(Ord. No. 97-19, § 1, 1-7-98; Ord. No. 17-OR0020-1, § 1, 1-4-2017)

The city treasurer and director of financial services shall cooperate in order to assure the prudent management of the city's fiscal resources.

(Ord. No. 20-OR0062-1, § 1, 2-5-20)

Editor's note— Ord. No. 02-OR026-1, § 1, adopted Jan. 9, 2002, repealed § 2.18.3 in its entirety. Formerly, said section pertained to sunset provisions of article IV, office of the city treasurer, as adopted by Ord. No. 97-19, § 1, adopted Jan. 7, 1998.