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File #: 19-0899    Version: 1
Type: Agenda Item Status: Approved
File created: 5/31/2019 In control: Board of Supervisors
On agenda: 7/16/2019 Final action: 7/16/2019
Title: Treasurer-Tax Collector’s Office recommending the Board adopt and authorize the Chair to sign Resolution 106-2019 pertaining to the following: 1) Authorizing the deposit and withdrawal of El Dorado County monies in the Local Agency Investment Fund (LAIF); and 2) Updating the names and titles of the El Dorado County officers authorized to order the deposit or withdrawal of El Dorado County monies in LAIF. FUNDING: N/A
Attachments: 1. A - ResolutionLocal Agency Investment Fund, 2. B - Counsel Approval, 3. Executed Resolution 106-2019

Title

Treasurer-Tax Collector’s Office recommending the Board adopt and authorize the Chair to sign Resolution 106-2019 pertaining to the following:

1) Authorizing the deposit and withdrawal of El Dorado County monies in the Local Agency Investment Fund (LAIF); and

2) Updating the names and titles of the El Dorado County officers authorized to order the deposit or withdrawal of El Dorado County monies in LAIF.

 

FUNDING:  N/A

Body

DISCUSSION / BACKGROUND

The County of El Dorado Treasury is currently authorized by the Board of Supervisors to deposit and withdraw monies in LAIF and actively uses the account. However, with the election of a new Treasurer-Tax Collector, the appointment of a new Assistant Treasurer-Tax Collector, and hiring of a new Accounting Division Manager, the Office is wishing to adopt a new resolution. The objective of the new resolution is to update the names and positions of the officers authorized to deposit and withdraw monies from LAIF and to extend authority for such actions from one officer to three officers for continuity purposes.

 

ALTERNATIVES

N/A

 

PRIOR BOARD ACTION

N/A

 

OTHER DEPARTMENT / AGENCY INVOLVEMENT

None

 

CAO RECOMMENDATION / COMMENTS

It is recommended that the Board approve this item.

 

FINANCIAL IMPACT

None

 

CLERK OF THE BOARD FOLLOW UP ACTIONS

Obtain the Deputy Clerk and Chair's signature on the resolution and forward a copy to the Treasurer-Tax Collector’s Office.

 

STRATEGIC PLAN COMPONENT

Good Governance

 

CONTACT

Todd Hall x5820