Update authorized signatures on state investment fund account

Investment Fund SignaturesBudgetFinance

Resolution 107-25

In Plain English

The city keeps money in a state investment fund called LAIF for cash management. The Finance Department has had several staff changes due to retirements and turnover. State law requires the city council to formally approve who can deposit or withdraw money from this account.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Moved by: Mayor MartinezSeconded by: Vice Mayor Zepeda
Passed