HomeMy WebLinkAbout2004-01-27 - AGENDA REPORTS - PFA FUNDS INVESTMENT FUND (2)CONSENT CALENDAR
DATE:
SUBJECT:
DEPARTMENT:
Agenda Item: —
CITY OF SANTA CLARITA
PUBLIC FINANCE AUTHORITY
AGENDA REPORT
City Manager Approval
Item to be presented by:
January 27, 2004
Barbara Boswell
UPDATE THE AUTHORIZATION OF THE INVESTMENT OF
SANTA CLARITA PUBLIC FINANCING AUTHORITY'S FUNDS
IN THE LOCAL AGENCY INVESTMENT FUND
Administrative Services
RECOMMENDED ACTION
Adopt the updated Santa Clarita Public Financing Authority's Resolution, appointing the City
Manager and City Treasurer as signers on the Local Agency Investment Fund account.
BACKGROUND
The Santa Clarita Public Financing Authority periodically invests idle funds in the State of
California's Local Agency Fund (LAIF). As a matter of routine, the Public Financing Authority's
resolution is being updated to reflect the appointment of Darren Hernandez, Director of
Administrative Services/City Treasurer, as an authorized signer on the account and to update Ken
Pulskamp's designation from Interim City Manager to City Manager. All other signers will be
designated by the authorized signers.
ALTERNATIVE ACTIONS
Other direction as authorized by the Santa Clarita Public Financing Authority.
FISCAL IMPACT
None.
ATTACHMENTS
Resolution
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