HomeMy WebLinkAbout2004-01-27 - AGENDA REPORTS - SC FUNDS LOCAL INVESTMENT FUND (2)Agenda Item: _Ur
CITY OF SANTA CLARITA
CONSENT CALENDARAGENDA REPORT
CONSENT CALENDAR
DATE:
SUBJECT:
DEPARTMENT:
City Manager Approval:
Item to be presented by:
January 27, 2004
Barbara Boswell
UPDATE THE AUTHORIZATION OF THE CITY OF SANTA
CLARITA'S FUNDS IN THE LOCAL AGENCY INVESTMENT
FUND
Administrative Services
RECOMMENDED ACTION
City Council adopt the updated version of the Council resolution, appointing the City Manager
and City Treasurer as signers on the Local Agency Investment Fund account.
BACKGROUND
The City of Santa Clarita periodically invests idle funds in the State of California's Local Agency
Investment Fund (LAIF). As a matter of routine, the City'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 add Ken Pulskamp as an authorized signer on the
account. All other signers will be designated by the authorized signers.
ALTERNATIVE ACTIONS
Other direction as authorized by Council.
FISCAL IMPACT
None.
ATTACHMENTS
Resolution
Adopted: i I