Redding Municipal Code Ch. 2.20 City Treasurer

The office of city treasurer is established and shall be supervised by the city treasurer as an elected part-time position. The compensation of the city treasurer shall be fixed by resolution of the city council adopting a salary schedule reflecting salary for the position at the same rate and with the same benefit level as established for and enjoyed by members of the city council.

(Ord. 2408 § 1 (part), 2008)

There is hereby created and established the position of administrator of the office of the city treasurer of the City of Redding. The administrator of the office of the city treasurer shall be appointed by the city manager in accordance with personnel rules and regulations. The administrator of the office of the city treasurer, upon appointment by the city manager, shall receive such compensation as is set forth in the salary schedule approved by resolution of the city council pertaining to the position.

(Ord. 2408 § 1 (part), 2008)

Employees of the office of the city treasurer responsible for the investment or management of money shall be so designated within city budget documents and personnel records. Employees of the office of the city treasurer shall be jointly appointed by the city treasurer and the administrator of the office of the city treasurer. Employees may be assigned to joint service in the office of the city treasurer and the financial administration department upon terms acceptable to the city treasurer and the administrator of the office of the city treasurer. The city treasurer and administrator of the office of the city treasurer shall establish employment standards for employees responsible for the investment or management of money.

(Ord. 2408 § 1 (part), 2008)

The city treasurer may appoint as a deputy one or more employees of the office of the city treasurer responsible or partially responsible for the investment and management of money. The administrator of the office of the city treasurer may be appointed as a deputy.

(Ord. 2408 § 1 (part), 2008)

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 treasurer shall perform those duties established by the general laws of the state relating to the management and investment of city money including: to sign all checks issued by the city, except that the deputy city treasurer may sign warrants and checks in place of the city treasurer during the absence or incapacity of the city treasurer; to issue to the city council a joint monthly report with the administrator of the office of the city treasurer and the director of finance reconciling money on deposit in the various banks with fund balances shown by accounting department records.

The city treasurer shall have no duty to collect city taxes or license fees or to perform any function of the administrator of the office of the city treasurer established pursuant to this section.

(Ord. 2408 § 1 (part), 2008)

In general, it is the duty of the administrator of the office of the city treasurer to receive and safely keep all moneys which come into his or her hands for investment by the city treasurer and to pay out money only in accordance with law and proper authority, and to this end the administrator of the office of the city treasurer shall have the following specific duties:

A. To receive and deposit all moneys paid in from the various city departments. To issue a pre-numbered receipt in triplicate for all such moneys, with disposition as follows:

1. Original to the paying department,

2. Duplicate to the director of finance, and

3. Triplicate copy to the city treasurer;

B. To keep a daily record of deposits and withdrawals of moneys in the various banks;

C. To cause all checks issued by the city to be signed by the city treasurer, except that the deputy city treasurer may sign warrants and checks in place of the city treasurer during the absence or incapacity of the city treasurer;

D. To keep and compute the book on special assessments;

E. To maintain and properly credit the bond registers for bonds and coupons on special assessments;

F. To issue bills, maintain detailed records and receive all moneys on special improvement projects;

G. To handle petty cash funds for all city departments;

H. To perform such other duties as may be prescribed from time to time by the city manager or the city council.

(Ord. 2408 § 1 (part), 2008)

All officers or employees of the city shall pay all receipts collected by them to the administrator of the office of the city treasurer to be deposited into the city treasury daily, and such fees shall be credited to the appropriate fund.

(Ord. 2408 § 1 (part), 2008)

The city treasurer shall serve as the ex officio chair of an investment policy advisory committee. Members of the committee shall be knowledgeable in matters of the investment of public moneys. The city treasurer shall hold an investment policy advisory committee meeting once a year, or as needed, for the purpose of reviewing and updating the city's investment policy. The investment advisory policy committee is comprised of a minimum of five persons, identified as follows: the city treasurer; two members from the following eligible positions: city manager, assistant city manager, deputy city manager, or the finance officer or designee; plus two community members representing the finance industry.

(Ord. 2408 § 1 (part), 2008)

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

(Ord. 2408 § 1 (part), 2008)