HomeMy WebLinkAboutRES CC 2025 4322 2025 0604 RESOLUTION NO. 2025-4322
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, AUTHORIZING INVESTMENT
OF CITY MONIES IN THE VENTURA COUNTY
INVESTMENT POOL FUND, AND RESCINDING
RESOLUTION NO. 2022-4100
WHEREAS, the Investment Policy of the City of Moorpark states that excess City
funds may be invested in accordance with the principals of sound treasury management
and the provisions of California Government Code Section 53600, et seq., the Municipal
Code and this policy; and
WHEREAS, the Investment Policy of the City of Moorpark further states that the
City Treasurer may invest in a County Pooled Investment Funds in accordance with the
laws and regulations governing those Funds and State Law per Government Code
Section 53684; and
WHEREAS, the Ventura County Treasurer-Tax Collector has established an
investment pool for local agencies, regulated by Government Code Section 53684 and
adopted by the Ventura County Board of Supervisors on July 21, 1987; and
WHEREAS, on April 7, 2004, City Council adopted Resolution No. 2004-2176
which authorized the investment of excess city funds in the Ventura County Investment
Pool; and authorized the City Manager, City Treasurer and Budget and Finance Manager
to order the deposit and withdrawal of monies from the City's account; and
WHEREAS, on June 3, 2020, City Council adopted Resolution No. 2020-3917
which authorized the City Manager, Assistant City Manager, Finance Director/City
Treasurer and Deputy Finance Director to order the deposit and withdrawal of monies
from the City's account; and
WHEREAS, on July 7, 2021, City Council adopted Resolution No. 2021-4027
which authorized the City Manager, Assistant City Manager and Finance Director/City
Treasurer to order the deposit and withdrawal of monies from the City's account; and
WHEREAS, on June 1, 2022, City Council adopted Resolution No. 2022-4100
which authorized the City Manager, Assistant City Manager, Finance Director/City
Treasurer and Accountant II to order the deposit and withdrawal of monies from the City's
account; and
WHEREAS, the list of City Officers authorized to order the deposit and withdrawal
of monies from the City's Ventura County Investment Pool account should be updated to
reflect the organization changes.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES
HEREBY RESOLVE AS FOLLOWS:
Resolution No. 2025-4322
Page 2
SECTION 1. The City Council does hereby authorize the deposit and withdrawal
of City monies in the Ventura County Investment Pool Fund in accordance with the
provision of Government Code Section 53684; and
SECTION 2. The following City Officers holding the title(s) specified hereinbelow
or their successors in office are each hereby authorized to order the deposit or withdrawal
of monies in the Ventura County Investment Pool Fund and may execute and deliver any
and all documents necessary or advisable in order to effectuate the purposes of this
resolution and truncations contemplated hereby:
City Manager
Assistant City Manager
Finance Director/City Treasurer
Budget and Finance Manager
SECTION 3. The City Council hereby delegates authority to the City Manager, or
in their absence, the Assistant City Manager, to execute the following forms:
1. County of Ventura Auditor-Controller Signature Authorization Local Agencies;
and
2. County of Ventura Auditor-Controller Authorized Signatures for Wire Transfers
SECTION 4. Resolution No. 2022-4100 shall be rescinded, and this new resolution
shall remain in full force and effect until rescinded by the City Council by resolution and a
copy of the resolution rescinding this resolution is filed with the Ventura County Auditor-
Controller's Office and Office of the Ventura County Treasurer-Tax Collector.
SECTION 5. The City Clerk shall certify to the adoption of this resolution and shall
cause a certified resolution to be filed in the book of original resolutions.
PASSED AND ADOPTED this 4th day of June, 2025.
Chris R. Enegren, Mayor
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Resolution No. 2025-4322
Page 3
STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss.
CITY OF MOORPARK )
CERTIFICATION
I, Blanca Garza, Deputy City Clerk of the City of Moorpark, California, do hereby
certify under penalty of perjury that the foregoing Resolution No. 2025-4322 was adopted
by the City Council of the City of Moorpark at a regular meeting held on the 4th day of
June, 2025, and that the same was adopted by the following vote:
AYES: Councilmembers Barrett, Castro and Delgado and Mayor Enegren
NOES: None
ABSENT: Councilmember Means
ABSTAIN: None
WITNESS my hand and the official seal of said City this 5th day of June, 2025.
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Blanca Garza, Deputy City Clerk
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