TO: BOARD OF SUPERVISORS
FROM: Auditor-Controller Treasurer-Tax Collector
MEETING DATE: October 8, 2024
DEPARTMENT CONTACT:
Sara Pierce
PHONE:
707-234-6860
ITEM TYPE: Consent Agenda
TIME ALLOCATED FOR ITEM: N/A
AGENDA TITLE:
title
Authorization for Acting Auditor-Controller/Treasurer-Tax Collector to Transfer Remaining Funds Held for Russian River Cemetery District Endowment Fund, Under Fund 2710, Object 760838 October 8, 2024, from The County Treasury to Stifel, Nicolaus and Company
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RECOMMENDED ACTION/MOTION:
recommendation
Authorize Acting Auditor-Controller/Treasurer-Tax Collector to transfer remaining funds held for Russian River Cemetery District Endowment Fund, under fund 2710, object 760838, as of October 8, 2024, from the County Treasury to Stifel, Nicolaus and Company.
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PREVIOUS BOARD/BOARD COMMITTEE ACTIONS:
None.
SUMMARY OF REQUEST:
Pursuant to Health and Safety Code, Division 8, Part 4, Chapter 6, Section 9077, the Cemetery District can request to withdraw funds from the County Treasury if:
(a) Notwithstanding Section 9076, a district that has total annual revenues greater than five hundred thousand dollars ($500,000) may withdraw its funds from the control of the county treasurer pursuant to this section.
(b) The board of trustees shall adopt a resolution that does each of the following:
1. States its intent to withdraw its funds from the county treasury.
2. Adopts a procedure for the appointment of a district treasurer. The board of trustees may appoint the district treasurer. The board of trustees may appoint the district treasurer, or the board of trustees may delegate the appointment of the district to the district's general manager. The district treasurer may be a member of the board of trustees, the secretary of the board of trustees, the general manager, or a district employee.
3. Fixes the amount of the bond for the district treasurer and other district employees who will be responsible for hand...
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