1992 AGN NOV 17 I11 - Laserfiche WebLink

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CITY OF COLTON `��orvor�tea Z AGENDA REPORT "8"' 1887 8 � f oto For Council Meeting of November 17, 1992 TO: HONORABLE MAYOR AND CITY COUNCIL DATE: October 26, 1992 FROM: GORDON R. JOHNSON Personnel Director Pr i SUBJECT: DEPUTY CITY TREASURER - DESIGNATION & COMPENSATION BACKGROUND The City Treasurer is a part-time position. Section 41006 of the California Government Code states: "The city treasurer may appoint deputies for whose acts he and his bondsmen are responsible." Section 41007 of the same code states: "The deputies shall hold office at the pleasure of the city treasurer and receive such compensation as is provided by the legislative body." In his absence, the City Treasurer has designated an employee of the Finance Department to perform certain required administrative duties. These include but are not limited to: 1. Review daily deposit and determine if funds need to be transferred. 2. Initiate wire transfers as necessary. 3. Sign legal and financial documents pertaining to the commercial bank and Local Agency Investment Fund (LAIF) accounts. 4. Obtain and analyze account balance reports for previous periods. These duties are in addition to the accounting functions of preparing and verifying the bank deposit which the Deputy City Treasurer performs and are not a part of the job description of any city employee. Attached is a proposed job description for Deputy City Treasurer for your consideration. It is desirable to establish a method for the City Treasurer to designate a Deputy City Treasurer to perform these duties and compensate that employee for the added responsibilities listed above. If the City Treasurer chooses to select a current City employee to have this collateral assignment, such employee would receive an additional $115.00 per month for the duration of such assignment, the equivalent of 5% of the "E" step of Account Technician II. Such an appointment would require the approval of the Department Head where that 1