101-Staff Report.pdf ADMINISTRATIVE SERVICES DEPARTMENT
CITY HALL
10 10300 TORRE AVENUE • CUPERTINO, CA 95014-3255
TELEPHONE: (408) 777-3227 www.cupertino.org
CITY COUNCIL STAFF REPORT
Meeting: February 7, 2012
Treasurer and Deputy Treasurer Appointments
Subject
Adopt Resolution No. 12-
Recommended Action
Extends the appointments of the current City Treasurer and Deputy Treasurer.
Description
Chapter 730 of the statutes of 1976 Section 16429.1 was added to the California Government
Code to create a Local Agency Investment Fund in the State Treasury. This Section requires
government agencies to appoint a treasurer and deputy treasurer on an annual basis. The
attached resolution extends the current appointments of Carol Atwood and David Woo as the
City’s Treasurer and Deputy Treasurer, respectively.
Discussion
This legislation was intended to provide ongoing review of investment issues by the governing
body.
Fiscal Impact
None
_____________________________________
Prepared by: David Woo, Deputy Treasurer
Reviewed by: Carol A. Atwood, City Treasurer
Approved for Submission by:
Attachments: Draft Resolution
David W. Knapp, City Manager