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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />RESOLUTION NO. R-42-02 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON, <br />CALIFORNIA, AFFORDING COMPENSATION AND SUPPLEMENTAL <br />COMPENSATION TO THE CITY TREASURER AND REPEALING <br />RESOLUTION NO. R-69-91 <br />Whereas, City Ordinance No. 829 fixes the salary for the City Treasurer at $225 per <br />month, and authorizes the City Council to provide, by resolution, supplemental compensation <br />for additional responsibilities; and <br />Whereas, the present City Treasurer, Michael Williams performs comprehensive <br />treasury services and, in addition, City Treasurer Williams performs investment, financial <br />forecasting and money management services for the City. <br />NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF COLTON DOES <br />HEREBY RESOLVE AS FOLLOWS: <br />SECTION 1: Supplemental salary for City Treasurer, Michael Williams shall be fixed <br />at three thousand one hundred twenty dollars ($3,120) per month, in addition to the sum of <br />$225 per month provided by Ordinance No. 829, for total salary of three thousand three <br />hundred and forty five dollars ($3,345) per month, effective February 19, 2002. <br />SECTION 2: Supplemental salary for the City treasurer is specifically allocated in <br />compensation for the investment, forecasting and money management services; should the <br />City Treasurer cease to perform such services, the City may choose to reduce or delete the <br />Treasurer's supplemental salary. <br />SECTION 3: The supplemental compensation is specifically authorized for the <br />performance of City Treasurer Michael Williams. Supplemental compensation shall not be <br />provided to subsequent City Treasurers, unless so authorized by the City Council. <br />1 <br />