Item Coversheet

Item Number 9.

  

City Council 
Staff Report

Subject:Investment of Monies in the Local Agency Investment Fund and Designating Staff Authorized to Deposit and Withdraw Monies


Date:January 12, 2021


Submitted By:Mary Rister, Finance Manager


Department:Administrative Services - Finance

Staff Recommendation:

Adopt a Resolution Authorizing Investment of Monies in the Local Agency Investment Fund and Designating Staff Authorized to Deposit and Withdraw Monies and Rescind Resolution No. 2018-156.
BACKGROUND:

The City of Rocklin has funds held in the Local Agency Investment Fund (LAIF), operated by the State Controller’s Office.  LAIF requires that the City staff authorized to move funds into or out of LAIF be identified and approved by City Council Resolution. 

 

With the retirement of Steven Rudolph as City Manager it is necessary to remove his name and add Alexandra Zimmermann as new City Manager to the list of authorized personnel.

ATTACHMENTS:
Description
Resolution