HomeMy WebLinkAbout1979-03-20; City Council; 5062-1; Transfer Funds for Local Agency InvestmentCITY OF CARLSBAD
l\.GENDA BILL NO • ..S-0 {p 2 -.£."'Pf~ .:t:1:-I
DATE: MARCH 20, 1979 -------------------
DEPARTMENT: CITY TREASURER -----------------
Initial: ~
Dept.Hd._::$
C. Atty.~)~
C. Mgr.
SUbJect: AMENDING RESOLUTION NO. 5078 DESIGNATING CITY OFFICIALS
AUTHORIZED TO MAKE TRANSFERS OF FUNDS TO OR FROM THE LOCAL
AGENCY INVESTMENT FUND
Statement of the Matter
The City Treasurer was authorized by Resolution No. 5078,
adopted May 17, 1977, to invest City funds in the Local
Agency Investm~nt Fund. This Resolution also listed those
City Officials that could, with the Treasurer's approval,
make transfers to or from this fund. The attached resolution
would add the position of the Assistant to the Finance Director
to this list. It is the City Treasurer's opinion that this
will improve the City's ability to take advantage of short
term investments.
Exhibits
Resolution No. ,5: 713 · •
Recommendation
If the City Council concurs, adopt Resolution No. S: 7 /►3
Council Action:
3-20-79 Council adopted Resolution 5713, amending Res. 5078 which
authorized investment of City of Carlsbad monies in the Local
Agency Investment Fund.
RESOLUTION NO. 5713
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF CARLSBAD, CALIFORNIA, Al-lENDING RESOLUTION
NO. 5078, ADOPTED MAY 17', 1977, WHICH AUTHORIZED
INVESTMENT OF CITY OF CARLSBAD MONIES IN THE
LOCAL AGENCY INVESTMENT FUND.
J.
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5 WHEREAS, the City does from time to time invest monies in the
6 Local Agency Investment Fund as authorized by Resolution Ne. 5078,
7 adopted on the 17th of May, 1977; and
8 WHEREAS, the City Treasurer desires to occasionally delegate
9 the duties of making transfers of funds to or from the Local Agency
10 Investment Fund to the Assistant Finance Director, as well as the
ll officers listed in Resolution No. 5078.
12 NOW, THEREFORE, BE IT RESOLVED,. that Resolution No. 5078 be
13 amended to include the name of James F. Elliott, Assistant Finance
14 Director, as an officer of the City authorized to make deposits
15 or withdrawals of monies in the Local Agency Investment Fund.
16. PASSED, APPROVED AND ADOPTED at a regular meeting of the
17 Carlsbad City Council held on the 20th day of March
18 by the following vote, to wit:
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20
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AYES:
NOES:
ABSENT:
24 ATTEST:
Councilmen Packard, Skotnicki, Anear, Lewis and
Councilwoman Casler
None
None
RONALD C. PACKARD, M.ayor,
:: !J:r!t. ~~¾~~.;.
27 (seal)
28
19 79