HomeMy WebLinkAbout08 APPOINTMENT OF CITY TREASURERAgenda Item 8
Reviewed:
-- AGENDA REPORT City Manager
Finance Director 1-<1,k
MEETING DATE: FEBRUARY 18, 2020
TO: MATTHEW S. WEST, CITY MANAGER
FROM: DERICK YASUDA, DIRECTOR OF HUMAN RESOURCES
SUBJECT: APPOINTMENT OF CITY TREASURER
SUMMARY
The City Council temporarily appointed the City Manager as City Treasurer until such
time they appoint another individual as City Treasurer, with the understanding that the
next Director of Finance would take on this role upon the start of his/her employment.
Now that a new Director of Finance has been hired by the City, staff recommends that
the City Council appoint this individual as City Treasurer.
RECOMMENDATION
Appoint the incoming Director of Finance as the City Treasurer, effective February 24,
2020.
FISCAL IMPACT
None.
BACKGROUND AND DISCUSSION
As a general law city, the City of Tustin is required to have a City Treasurer, a position
responsible for investing City funds in accordance with the City Council's adopted
Investment Policy. Under California state law, the City Treasurer may be an elected
position or an appointed position. Since at least 1980, the City Council has appointed
the City Treasurer.
Under state law and the Tustin City Code, there are no restrictions on who the City
Council may appoint as City Treasurer. Since 1980, the responsibility of serving as the
City Treasurer has been alternately assigned to the Director of Finance, an external
consultant, the Director of Finance again, and (on an interim basis) the City Manager.
When the City Council appointed the Director of Finance as City Treasurer in 2013, the
City increased the salary range for Director of Finance by 5% to account for the
increase in responsibilities. After the incumbent's resignation in 2016, the Director of
Finance position has been staffed on an acting or interim basis by a number of City
employees, therefore the City Council has appointed the City Manager as the City
City Council Agenda Report
February 18, 2020
Appointment of City Treasurer
Page 2
Treasurer during this period of time, with the understanding that the next individual hired
as Director of Finance would be appointed as City Treasurer on an ongoing basis.
After an extensive recruitment process, the City Manager has selected Jason AI -Imam
to be the City's next Director of Finance, with a start date of February 24, 2020. The
recruitment brochure for Director of Finance noted that the individual selected would
also be expected to serve as City Treasurer. Staff has confirmed that Mr. AI -Imam
understands the City's expectations and that compensation for serving as City
Treasurer is included in the compensation he will be provided for serving as Director of
Finance.
Derick Yasuda
Director of Human Resources