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HomeMy WebLinkAbout2003-07-08; City Council; 17233; Adjusting the Compensation of the City Treasurerz /"" -+ 0 ( 2) >L!'# r CITY OF CARLSBAD - AGENDA BILL 17,233 AB# MTG. 7-8-03 DEPT. CITY COUNCIL AD-HOC SUBCOMMITTEE ON COMPENSATION TITLE: AMENDMENT OF SECTION 2.08.020 OF THE CARLSBAD MUNICIPAL CODE ADJUSTING THE COMPENSATION OF THE CITY TREASURER r DEPT. HD. CITY ATTY. CITY MGR. % RECOMMENDED ACTION: Introduce Ordinance No. NS-667 Code to adjust the compensation of the City Treasurer. amending Section 2.08.020 of the Carlsbad Municipal ITEM EXPLANATION: Government Code section 3651 7 provides that the City Treasurer shall receive a compensation fixed by ordinance or resolution of the City Council. The City Council has adjusted the City Treasurer's compensation in the years of 1968, 1973, 1980, 1983, 1985, 1989, 1995 and 2001. The City Treasurer's current compensation is $800 per month. Since the last adjustment of the compensation of the City Treasurer, the portfolio of funds for which he is responsible has substantially increased necessitating increased cash flow and investment management and the increase in compensation recognizes these factors. The proposed ordinance adjusts the City Treasurer's compensation by $80 per month. The salary adjustment would become effective 30 days after the adoption of the ordinance and be retroactive to January 1, 2003. FISCAL IMPACT: The fiscal impact resulting from this action will be an increase in compensation of the City Treasurer of $80 per month for a total annual fiscal impact of $960. EXHIBITS: 1. Ordinance No. NS-667 ORDINANCE NO. NS-667 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA TO AMEND SECTION 2.08.020 OF THE CARLSBAD MUNICIPAL CODE TO ADJUST THE COMPENSATION OF THE CITY TREASURER The City Council of the City of Carlsbad, California does ordain as follows: SECTION I: That section 2.08.020 of the Carlsbad Municipal Code is amended to read as follows: “2.08.020 ComDensation of city treasurer (a) Effective January 1, 2003, the compensation of the City Treasurer is (b) In addition, the City Treasurer shall receive an automobile allowance fixed at the sum of $880 (eight hundred eighty dollars) per month payable biweekly. as established by resolution of the City Council.” EFFECTIVE DATE: This ordinance shall be effective thirty days after its adoption, and the City Clerk shall certify the adoption of this ordinance and cause it to be published at least once in a newspaper of general circulation in the City of Carlsbad within fifteen days after its adoption. INTRODUCED AND FIRST READ at a regular meeting of the Carlsbad City Council on the 8th day of JULY , 2003, and thereafter ... ... ... ... ... ... Ordinance No. NS-667 Page 1 of 2 PASSED AND ADOPTED at a regular meeting of the City Council of the , 2003, by the following vote, to City of Carlsbad on the wit: day of AYES: NOES: ABSENT: APPROVED AS TO FORM AND LEGALITY RONALD R. BALL, City Attorney Ordinance No. NS-667 Page 2 of 2 CLAUDE A. LEWIS, Mayor ATTEST: LORRAINE M. WOOD, City Clerk (SEAL)