RES-8773 Establishing New Classification of Investment_Revenue OfficerRESOLUTION NO. 8773
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ORANGE
AMENDING THE TOP MANAGEMENT RESOLUTION NO. 8639 TO
RECLASSIFY THE CLASSIFICATION OF INVESTMENT OFFICER AT
SALARY RANGE 480, $3,908 TO $5,011 PER MONTH, TO
INVESTMENT/REVENUE OFFICER AT THE SAME SALARY RANGE,
AND DIRECT STAFF TO AMEND THE FISCAL YEAR 1996-
1997 BUDGET TO REFLECT THIS CHANGE EFFECTIVE MAY 13,
1997.WHEREAS, the City Council, through previous action established
the classification of Investment Officer, part-time 30 hours per week, to assist
the City Treasurer with the investment of city and redevelopment funds
and performing other functions related to investment and revenue
projection; and WHEREAS, the personnel and finance staff determined that
additional duties related to cash management, monitoring revenue receipts, and
managing City banking services need to be assigned to this position to meet the needs of
the City and the Finance
Department; and WHEREAS, the duties previously described would be
appropriately assigned to the classification of Investment/Revenue Officer based upon
information received from other agencies with comparable positions performing similar
duties; and WHEREAS, in order to recruit and retain competent personnel to
perform the duties of this critical position, staff recommends the reclassification
of the Investment Officer to Investment/Revenue Officer with no change to
the current compensation level, salary range of 480, $3,908 TO $5,011
per month.NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Orange that Resolution No. 8639 relating to the classification,
compensation, and terms of employment of designated management, staff management,
and labor confidential employees be amended to reclassify the classification
of Investment Officer at salary range 480, $3,908 TO $5,011 per month, to
Investment/Revenue Officer, and further resolve that staff be authorized to adjust the Fiscal
Year 1996-1997 budget to reflect this change effective May
13, 1997.ADOPTEDthis ...ll!.hday of
May ,1997.I'~ /
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I hereby certify that the foregoing Resolution was duly and regularly adopted
by the City Council of the City of Orange at a regular meeting thereof held on the
1'Hh day of /1ay , 1997 by the following vote:
A YES: COUNCIL MEMBERS: MURPHY, COONTZ, SPURGEON, ALVAREZ
NOES: COUNCIL MEMBERS: NONE
ABSENT: COUNCIL MEMBERS: SLATER
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