Ordinance No. 458 - Finance Director, Treasurer and City Manager' ~ ~. ~ •
ORDINANCE N0. 458
AN ORDINANCE OF THE CITY OF ROSEMEAD
AMENDING CHAPTER 2 OF ARTICLE II OF THE
ROSEMEAD MUNICIPAL CODE AS IT RELATES
TO THE POSITIONS OF FINANCE DIRECTOR,
TREASURER AND CITY hfANA"GEP~_-~~,:-.
THE CITY COUNCIL OF THE CITY OF ROSEMEAD DOES ORDAIN AS FOLLOWS:
SECTION 1-. Section 2202 of the Rosemead Municipal
Code is hereby recodified and transferred to Section 2201.1.
The text shall remain unchanged.
SECTION 2. Section 2202 of the Rosemead Municipal
Code is added to read as follows:
2202. City Treasurer. The City Treasurer
• shall be appointed by and serve at the pleasure
of the City Council. The City Treasurer shall
have the following duties:
' (a) Receive and have custody of all moneys
receivable by the City from any source;
(b) Deposit all moneys received in such
depositories as may be designated by resolution
of the City Council;.
(c) Disburse moneys on demands properly
audited and approved in the manner provided for;
(d) Prepare and submit to the City Clerk
monthly written reports of all receipts, dis-
bursements and fund balances, copies of which
reports shall be filed with the City Manager
and City Finance Director, .and City Council;
(e) Discharge any other financial duties
which may from time to time be assigned by the
City Manager whether the same pertains to the
normal duties of a City Treasurer or not;
(f) Serve as Chairman of the Investment
Committee;
(g) Review and sign all investment documents
to verify that they are in compliance with
applicable laws and regulations.
SECTION 3. Sections 2204 and 2205 of the Rosemead
Municipal Code are hereby deleted, and new Sections 2204 and
2205 are hereby enacted to read as follows:
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2204. Office of Director of Finance/Assistant Cit
Treasurer an Purchasing Officer. Pursuant to
Section 40805.5 of the Government Code of the State
of California, the Office of Director of Finance is
hereby established, and the duties provided for in
Government Code Sections 40802, 40803, 40804, and
40805 are hereby transferred from the City Clerk to
the Director of Finance. The Director of Finance
shall also be the Assistant City Treasurer and
Purchasing Officer and shall be appointed by the
City Manager on the basis of his professional and
administrative qualifications and ability and shall
serve as a department head at the pleasure of the
City Manager.
2205. Powers and Duties of Director of Finance. The
Director of Finance shall be vested and charged with
the following powers, duties and responsibilities:
(a) To have charge of the administration of the
financial affairs of the City;
(b) To assist the City Manager,in preparing the
• annual budget for submission to the City Council,
and to administer it after adoption;
(c) To keep the City Manager fully informed on
the financial condition and needs of the City;
(d) To serve as the Accounting Officer of the
City and maintain records readily reflecting the
financial condition of the City;
(e) To prepare for presentation to the City Council
at the end of each fiscal year a summary statement of
receipts and disbursements by departments and funds,
including opening and closing fund balances in the
treasury;
(f) To cause the financial statement of the City
to be published in a newspaper of general circulation
printed and published in the City, within 120 days
after the close of the fiscal year for which such
statement is compiled;
(g) To audit and approve before payment all bills,
invoices, payrolls, demands or charges against the
City, and with the advice of the City Attorney when
necessary, determine the regularity, legality and
correctness of such claims, demands and charges;
(h) Supervise the keeping of current inventories
of all property of the ,City by all City departments,
offices and agencies;
(i) Perform such other duties as may be imposed
upon him by ordinance or directive of the City Manager;
(j) To serve on the Finance Committee as se_t forth
in Section 2201 of this Code;
(k) To act as purchasing officer as defined in
Section 2602 of this code for the purchase of supplies,
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equipment, services and facilities as described
in Section 2602 through 2612 of this code.
The Director of Finance shall be bonded in an amount
t`o be determined by the City Council with the advice of the
City Attorney.
SECTION 4. Sections 2206 and 2207 are hereby added
to the Rosemead Municipal Code to read as follows:
2206. Powers and Duties of Director of Finance
Acting as Assistant City Treasurer. The City
Treasurer shall appoint the Director of Finance to
act as the Assistant City Treasurer, and the Assis-
tant City Treasurer shall perform the following duties:
(a) To act for the Treasurer when the Treasurer
is absent, unable or refu"s es to perform his duties.
(b) Preparation of cash flow projections for use
in determining monies available. for investment by the
City;
(c) Collection of taxes and licence fees;
(d) Preparation of a monthly report .of receipts,
disbursements, and fund balances as required by
Government Code Section 41004;
(e) Preparation of demand listing and checks or
warrants, and payment thereof;
(f) Receipt and deposit of money via the use of
prenumbered receipt forms, cash register machines,
cash journals, deposit slips and coordination of
night deposits at all receiving points.
2207. The Investment Committee. There shall be an
Investment Committee which shall serve as an advisory
body to the City Treasurer and City Council.
• (a) Duties. The Investment Committee shall meet
on a regular basis, not less than once each month, to
determine investments, appropriate depository banks,
the amount and allocation of active and inactive de-
posits, the methods of deposit, and all-other matters
pertinent to the investment and cash-flow of the City
of Rosemead. The Investment Committee shall advise
the Treasurer and report, from time to time, to the
City Council on the status of the investment and cash-
flow requirements of the City.,
(b) Members of Investment Committee. The Invest-
ment Committee shall consist of the Treasurer, who
shall be its chairman, the City Manager, and the Director
of Finance.
PASSED, APPROVED and ADOPTED this .25:day of October 1977.
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ATTEST:
CITY CLERK
APPROVED AS TO FORM:
CITY ATTORNEY
I, E11en Poochigian, City Clerk of the City of Rosemead, do
hereby certify that the foregoing is a full, true and correct
copy of the Ordinance No. 458 adopted by the Rosemead City
Council at the regular meeting of October 25, 1977
by the following vote:
AYES: Councilmembers Imperial, Taylor, Trujillo, & Mayor Cichy
• NOES: None
ABSTAIN: None
ABSENT: Councilman Hunter
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City Cle~'k
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