HomeMy WebLinkAbout12 APPOINTMENT OF CITY TREASURERAgenda Item _______
Reviewed:
City Manager _______
Finance Director _______
MEETING DATE: FEBRUARY 7, 2023
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 the
Director of Finance position was filled. Now that the City has a new Director of Finance,
staff recommends that the City Council appoint this individual as City Treasurer.
RECOMMENDATION
Appoint new Director of Finance, Jennifer King, as the City Treasurer, effective
February 8, 2023.
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. Tustin City Code section 1611(c)(2) provides
that, “If so appointed by the City Council, the Finance Director shall assume the title of
and perform the duties of City Treasurer.” Since 1980, the responsibility of serving as
the City Treasurer has been alternately assigned to the Director of Finance, an external
consultant, and (on an interim basis) the City Manager.
The City Manager’s current employment agreement states, “Employee shall also
temporarily serve as Acting City Treasurer, with no additional compensation for
performing such duties, at any time during which the Director of Finance position is
vacant and continuing until such time that the Director of Finance position is filled.”
AGENDA REPORT
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City Council Agenda Report
February 7, 2023
Appointment of City Treasurer
Page 2
Accordingly, the City Manager has been serving as Acting City Treasurer since the
departure of the City’s most recent Director of Finance in November 2022.
After an extensive recruitment process, the City Manager has promoted Deputy Director
of Finance Jennifer King to be the City’s next Director of Finance, with a start date of
January 30, 2023. The recruitment brochure for Director of Finance noted that the
individual selected would also be expected to serve as City Treasurer, with no additional
compensation for this role. (The base salary for this position was adjusted in 2013 to
account for these additional duties.) Ms. King understands that her new role includes
the responsibilities of City Treasurer, just as it did for her predecessor. Therefore, in
accordance with previous City Council direction, now is the appropriate time to appoint
Ms. King as City Treasurer.
___________________________
Derick Yasuda
Director of Human Resources
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