TO: BOARD OF SUPERVISORS
FROM: Auditor-Controller Treasurer-Tax Collector
MEETING DATE: September 24, 2024
DEPARTMENT CONTACT:
Sara Pierce
PHONE:
707-234-6860
ITEM TYPE: Consent Agenda
TIME ALLOCATED FOR ITEM: N/A
AGENDA TITLE:
title
Authorization for the Acting Auditor-Controller/Treasurer-Tax Collector to Transfer Remaining Funds Held For Fort Bragg Rural Fire District, Under Fund 3450, Object 010000, as of September 26, 2024, from The County Treasury to Savings Bank of Mendocino County for Operating Funds and to Local Agency Investment Fund (LAIF) for Investments
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RECOMMENDED ACTION/MOTION:
recommendation
Authorize the Acting Auditor-Controller/Treasurer-Tax Collector to transfer remaining funds held for Fort Bragg Rural Fire District, under fund 3450, object 01000, as of September 26, 2024 from the County Treasury to Savings Bank of Mendocino County for operating funds and Local Agency Investment Fund (LAIF) for investments.
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PREVIOUS BOARD/BOARD COMMITTEE ACTIONS:
None.
SUMMARY OF REQUEST:
Pursuant to Government Code Title 6, Division 3, Part 3, Chapter 4, Section 61053, the Special District can request to withdraw funds from the County Treasury if:
(a) Notwithstanding Section 61052, a district may establish an alternative depositary pursuant to this section.
(b) The board of directors shall appoint a district treasurer who shall serve in the place of the county treasurer.
(c) The board of directors shall adopt a resolution that does each of the following:
1. State its intention to withdraw its money from the county treasury.
2. Fix the amount of the bond for the district treasurer and other district employees who will be responsible for handling the district's finances. The district shall pay the cost of the bonds.
3. Adopt a system of accounting and auditing that shall completely and at all times show the district's financial condition. The system of accounting and auditing shall adhere to generally accepted accounti...
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