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101-Staff Report.pdf
ADMINISTRATIVE SERVICES DEPARTMENT CITY HALL 1010300TORRE AVENUE • CUPERTINO, CA 95014-3255 TELEPHONE: (408)777-3227www.cupertino.org CITYCOUNCILSTAFFREPORT Meeting:February 15, 2011 Subject TreasurerandDeputy TreasurerAppointments RecommendedAction AdoptResolution Description Extendstheappointments ofthecurrentCity TreasurerandDeputy Treasurer. Discussion Chapter730ofthestatutesof1976Section16429.1wasaddedtotheCaliforniaGovernment CodetocreateaLocalAgencyInvestmentFundintheStateTreasury.ThisSectionrequires governmentagenciestoappointatreasureranddeputytreasureronanannualbasis.The attachedresolutionextendsthecurrentappointmentsofCarolAtwoodandDavidWooasthe City’s TreasurerandDeputy Treasurer,respectively. Thislegislationwasintendedtoprovideongoingreviewofinvestmentissuesbythegoverning body. FiscalImpact None _____________________________________ Preparedby:DavidWoo,DeputyTreasurer Reviewedby:KellyKlineforCarolA.Atwood,City Treasurer ApprovedforSubmissionby:DavidW.Knapp,CityManager Attachments:Resolution