HomeMy WebLinkAboutRES 13-6857 (CITY TREASURER COMPENSATION)1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
RESOLUTION NO. 13-6857
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HERMOSA
BEACH, CALIFORNIA, FIXING THE COMPENSATION TO BE RECEIVED BY
THE CITY TREASURER, PROVIDING A JOB DESCRIPTION FOR SUCH
COMPENSATION, AND RESCINDING RESOLUTION NO.90-5378
WHEREAS, the City Council has reviewed, and desires to modify, the compensation for
the City Treasurer; and
WHEREAS, the City Council desires to update the duties of the City Treasurer to reflect
current practice and to clarify organizational issues pertaining to staffing of the Treasurer's office.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF HERMOSA
BEACH, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. Pursuant to Ordinance No. 79-621 of the City of Hermosa Beach, adopted
July 24, 1979, the compensation of the City Treasurer shall be fixed by a Resolution adopted by
the City Council of the City of Hermosa Beach.
SECTION 2. Effective July 1, 2013, the City Treasurer shall receive a salary at the same
level as the City Council, which is $6,360 annually ($530 per month).
SECTION 3. The rate of compensation set forth in Section 2 of this Resolution shall be in
full force and effect beginning July 1, 2013, and shall remain in full force until such time as this
Resolution is amended or repealed.
SECTION 4. The City Treasurer shall be eligible for the same insurance as the City
Council and the same retirement benefits as other Miscellaneous employees, as defined by the
California Public Employees Retirement System (CalPERS).
SECTION 5. Consistent with the provisions of the California Government Code, the
duties of the City Treasurer shall consist of administration of the City's investment portfolio,
Page 1 of 2
13-6857
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
23
24
25
26
27
28
including investment of bond proceeds, in compliance with the City's investment policy adopted
annually by the City Council and subject to the oversight and protocols established in City Council
Resolution No. 13-6846.
SECTION 6. This Resolution rescinds and supersedes City Council Resolution No. 90-
5378, adopted June 26, 1990.
SECTION 7. The City Clerk shall certify to the passage and adoption of this Resolution,
shall enter the same in the book of original Resolutions of said city; and shall make minutes of the
passage and adoption thereof in the records of the proceedings of the City Council at which the
same is passed and adopted.
PASSED, APPROVED and ADOPTED this 25th day of June, 2013.
PRESIDENT Jbf the City
ATTEST:
City--CTerk
it and
YOR of the City of Hermosa Beach, California
Page 2 of 2
13-6857
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES )
CITY OF HERMOSA BEACH )
I, Elaine Doerfling, City Clerk of the City of Hermosa Beach, California, do
hereby certify that the foregoing Resolution No. 13-6857 was duly and regularly passed,
approved and adopted by the City Council of the City of Hermosa Beach at a Regular
Meeting of said Council at the regular place thereof on June 25, 2013.
The vote was as follows:
AYES:
DiVirgilio, Duclos, Fishman, Tucker, Mayor Bobko
NOES:
None
ABSTAIN:
None
ABSENT:
None
Dated: June 26, 2013
Elaine Doerfling, City Clert"')