August 16, 2022, Item #8
AG EN DA REPORT City of Poway
DATE:
TO:
FROM:
CONTACT:
August 16, 2022
Honorable Mayor and Members of the City Council
Aaron Bea nan, Director of Finance ;fS
Aaron Bea nan, Director of Finance
(858) 668-4411 or [email protected]
CITY COUNCIL
SUBJECT: Resolution Approving and Authorizing Deposit and Withdrawal of Monies on Behalf of the City of Poway in the Local Agency Investment Fund Summary:
The attached Resolution authorizes specific City positions to deposit and withdraw monies in the Local Agency Investment Fund (LAIF).
Recommended Action:
It is recommended the City Council adopt the Resolution.
Discussion:
City of Poway position titles have changed since the City last approved authorized positions with the LAIF. The attached Resolution updates the authorized positions on file with the LAIF using the new City position titles.
Environmental Review:
This action is not subject to review under the California Environmental Quality Act (CEQA).
Fiscal Impact:
None.
Public Notification:
None.
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August 16, 2022, Item #8
Attachments:
A. Resolution
Reviewed/Approved By:
Wendyaserman
Assistant City Manager
2 of4
Reviewed By:
Alan Fenstermacher
City Attorney
August 16, 2022, Item #8
ATTACHMENT A
RESOLUTION
NO.
22-
A
RESOLUTION
OF
THE
CITY
COUNCIL
OF
THE
CITY
OF
POWAY,
CALIFORNIA
,
APPROVING
AND
AUTHORIZING
DEPOSIT
AND
WITHDRAWAL
OF
MONIES
ON
BEHALF
OF
THE
CITY
OF
POWAY
IN
THE
LOCAL
AGENCY
INVESTMENT
FUND
WHEREAS
, Pursuant
to
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
for
the
deposit
of
money
of
a
local
agency
for
purposes
of
investment
by
the
State
Treasurer;
and
WHEREAS,
the
City
Council
does
hereby
find
that
the
deposit
and
withdrawal
of
money
in
the
Local
Agency
Investment
Fund
in
accordance
with
the
provision
of
Section
16429.1
of
the
Government
Code
for
the
purpose
of
investment
as
stated
therein
is
in
the
best
interest
of
the
City
of
Poway. NOW,
THEREFORE,
BE
IT
RESOLVED
by
the
City
Council
of
the
City
of
Poway
as
follows
: SECTION
1:
This
Resolution
authorizes
the
deposit
and
withdrawal
of
City
of
Poway
monies
in
the
Local
Agency
Investment
Fund
in
the
State
Treasury
in
accordance
with
the
provisions
of
Section
16429.1
of
the
Government
Code
for
the
purpose
of
investment
as
stated
therein,
and
verification
by
the
State
Treasurer
's Office
of
all
banking
information
provided
in
that
regard
. SECTION
2:
The
following
City
of Poway
officers
or
their
successors
in
office
shall
be
authorized
to
order
the
deposit
or
withdrawal
of
monies
in
the
Local
Agency
Investment
Fund
:
Steve
Vaus,
Mayor
Signature
Chris
Hazeltine,
City
Manager
Signature
Wendy
Kaserman,
Assistant
City
Manager
Signature
Aaron
Beanan
, Director
of
Finance
Signature
Mehrnoush
Jamshidi,
Finance
Manager
Signature
Vacant,
Senior
Accountant
Signature
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4 August 16, 2022, Item #8
Resolution
No.
22-
Page
2 PASSED,
ADOPTED
AND
APPROVED
at
a
Regular
Meeting
of
the
City
Council
of
the
City
of
Poway,
California
on
the
16th
day
of
August
, 2022
by
the
following
vote,
to
wit:
AYES: NOES
:
ABSENT: DISQUALIFIED:
Steve
Vaus,
Mayor
ATTEST: Carrie
Gallagher,
CMC,
City
Clerk
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