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Ordinance chapter · Lincoln, California

CHAPTER 2.65 - CITY TREASURER

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CHAPTER 2.65 - CITY TREASURER#

Footnotes: --- (10) ---

Editor's note— Ord. No. 985B, § 5, adopted May 14, 2019 added provisions as Chapter 2.65. Prior to reenactment, Ord. 911B, § 8, adopted April 26, 2016, repealed Ch. 2.65 in its entirety. Former Ch. 2.65, §§ 2.65.010, 2.65.020, 2.65.040, 2.65.050, pertained to hearing board and derived from Ord. 701B §1(part), adopted in 2001.

2.65.010 - Office established.#

The office of city treasurer is established.

(Ord. No. 985B, § 5, 5-14-2019)

2.65.020 - Qualifications.#

The city treasurer is an elected official. Therefore, the only statutory requirements for the position are that of being a resident and registered voter of the city. The following qualifications, however, while not required, are desirable:

  1. Knowledge of municipal revenue sources;
  2. Knowledge of methods, practices and principles related to the investment of city funds;
  3. Knowledge of assessment district and bond financing techniques;
  4. Knowledge of methods, practices and principles related to evaluating municipal cash flow needs;
  5. Ability to invest the city's funds in a wise and prudent manner; and
  6. Ability to establish and maintain effective working relationships with those necessary to the performance of required duties.

(Ord. No. 985B, § 5, 5-14-2019)

2.65.030 - Duties.#

  1. The city treasurer shall act as general auditor of all municipal finances, and shall chair and make a quarterly report to the fiscal and investments oversight committee regarding the adequacy of existing internal controls, including reporting whether assets are being properly used, fairly stated and accounted for, and whether all liabilities and fund balances are fairly stated. Once the report is approved by the committee, the city treasurer shall submit the report to the city council for consideration.

  2. With the assistance of the finance director and outside finance professionals, the city treasurer shall ensure funds deposited are compliant with Government Code sections 53630—53683.

  3. The city treasurer shall annually propose an investment policy to the city council for its consideration and approval.

  4. Nothing herein contained shall be construed to dispense with internal control procedures or the annual or special audits otherwise provided for under California or federal law.

(Ord. No. 985B, § 5, 5-14-2019)