Item Coversheet

STAFF REPORT - CITY COUNCIL/SUCCESSOR AGENCY/PUBLIC FINANCE AUTHORITY

Subject:Adopt Resolution No. 4025 Authorizing Investment of Monies in the Local Agency Investment Fund
Meeting Date:May 6, 2021
From:Marissa Trejo, City Manager
Prepared by:Jasmin Bains, Financial Services Director


I.    RECOMMENDATION:

Financial Services Director recommend Council adopt Resolution No. 4025 authorizing investment of monies in the Local Agency Investment Fund.



II.    BACKGROUND:

There are currently staff members and council members authorized to order the deposit or withdrawal of monies in the Local Agency Investment Fund.



III.   DISCUSSION:

Due to the recent change in elected official, it is necessary to make changes to the Resolution naming the employees authorized to order the deposit or withdrawal of monies in the Local Agency Investment Fund.

 

Additions:

Ron Ramsey as Mayor

Ray Singleton as Mayor Pro Tempore



IV.   ALTERNATIVES:

None

V.    FISCAL IMPACT:

None
ATTACHMENTS:
File NameDescription
Resolution_No._4025_Authorizing_Investment_in_LAIF.pdfResolution No. 4025 Authorizing Investment in LAIF