Loading...
SR-413-000-01 (5) , . . . e e ~/'3-~O&-O/ Santa Monica, California, June 15, 1981 TO: Redevelopment Agency FROM: City Staff SUBJECT. Designation of Agency Treasurer Back9round On April 14, 1981, the City Council adopted Ordinance No. 1202{CCS) designating the City Clerk of the City of Santa Monica to be the Redevelopment Agency Secretary and designating the City Treasurer to be the Agency Treasurer. On May 12, 1981, the Agency ratified, by resolution, the Council action with respect to the designation of the Agency Secretary. The attached resolution ratifies the Council action with respect to the designation of the Agency Treasurer. Discussion The current delineation of duties of the Agency Treasurer, contained in the Agency Bylaws, is substantially broader than the function of the City Treasurer. The Bylaws specify that in addition to being charged with the responsibil ities for It. . . the care and cus tody of a 11 funds of the Agency.... II (s imi \ ar to the respon- sibilities of the City Treasurer), the Agency Treasurer "...shall keep regular books of accounts showing receipts and expenditures...." which, within the City structure, is a function of the Accounting Division of the De~ rtment of Finance. In order to achieve greater coordination of all elements of the Agency's financial activities, it may be more appropriate to designate the City's Director of Finance as the Agency Treasurer. As an alternative, the Agency Bylaws could be amended to redefine the duties of the Treasurer. The attached resolution simply ratifies the previous Council action and would have to be revised if the Agency elects to pursue any other alternatives. . . . e e Redevelopment Agency June IS. 1981 -2- Recommenda t i on It is recommended that the Agency modify and/or adopt the attached resolution designating the City Treasurer as the Agency Treasurer. Prepared by: John Herner JH:mh Attachment