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City of San Leandro <br />Meeting Date: November 15, 2021 <br />Staff Report <br />Agenda Section:File Number:21-636 CONSENT CALENDAR <br />Agenda Number:8.H. <br />TO:City Council <br />FROM:Fran Robustelli <br />City Manager <br />BY:Susan Hsieh <br />Finance Director <br />FINANCE REVIEW:Susan Hsieh <br />Finance Director <br />TITLE:Staff Report for City of San Leandro City Council Resolutions Updating <br />Designations of Persons Authorized to Make Financial Transactions and <br />Investments of Funds <br />RECOMMENDATION <br />Staff recommends three resolutions be approved by the City Council: <br />1. Designating signers on City checks and authorizing City officials to make fund transfers by <br />telephone or wire, <br />2. Designating certain depositories and authorizing City officials to remit money in the City <br />treasury to the State Treasurer for deposit in the Local Agency Investment Fund (LAIF), <br />and <br />3. Authorizing Successor Agency for the Redevelopment Agency of the City of San Leandro <br />officials to remit monies to the State Treasurer for deposit or withdrawal in LAIF. <br />BACKGROUND <br />The San Leandro City Charter provides that all City checks be authenticated by signatures of the <br />City Manager and the Finance Director or their respective assistants. Considering recent <br />personnel changes, it is necessary to update the required signers and grant authority for <br />depositing funds into certain banks and depositories and make withdrawals for City and <br />Successor Agency LAIF accounts. <br />Staff recommends that Janelle T. Cameron be added as the Assistant City Manager. In addition <br />to dual signatures required by the City Manager and Finance Director on City checks, these <br />individuals will be authorized to initiate fund transfers by telephone or wire instructions for the <br />conduct of City business with the state. Signing authority was last updated on March 1, 2021. <br />The recommended changes established by City Council resolution will insure deposits and <br />withdrawals can be made in a timely manner, supporting the City Council’s goal to place San <br />Page 1 City of San Leandro Printed on 11/12/2021165