HomeMy WebLinkAbout10 Appoint TreasurerAgenda Item #10
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From:
Date:
Subject:
Board of Directors
Mike Salmon
May 20, 2020
Appoint Treasurer for the District
CONSENT
1. WHY THIS MATTER IS BEFORE THE BOARD
The Board of Directors appoints an employee to fill the office of the Treasurer to
perform the duties of the Treasurer as assigned by the Board and required by District
Code.
2. HISTORY
On March 4, 2020, the Board appointed Tricia Phillips to the office of Interim District
Treasurer and Ian Fitzgerald to the office of Interim Assistant Treasurer. The
appointments were interim due to the active employment search for the position of
Chief Financial Officer.
3. NEW INFORMATION
In early April 2020, Tricia Phillips announced her retirement effective mid-May 2020.
In mid-April, the new Chief Financial Officer, Michael Salmon started employment with
the District. Mr. Salmon will be been instrumental in all of the aspects of the District's
finance and accounting, including past and present audits, bond refundings, routine
treasury reporting, and the day to day operations of the Accounting and Finance
Department.
Due to the above personnel changes, staff recommends the removal of Ms. Phillips as
Interim Treasurer and appointment of Mr. Salmon as Treasurer to be in the best
interest to the District.
Regarding Interim Assistant Treasurer, Ian Fitzgerald, the District's Information
Technology Director/CIO, Staff recommends Mr. Fitzgerald continue with this Interim
positition, until such time as an Accounting and Finance Manager is employed with the
district or other employee is designated.
4. FISCAL IMPACT
There is no direct fiscal impact associated with this item.
Mike Salmon Michael D. Holley
Chief Financial Officer General Manager
5. RECOMMENDATION
Staff recommendation is for the Board to appoint Michael Salmon as Treasurer and
remove Tricia Phillips as Interim Treasurer. Ian Fitzgerald remains as Interim
Assistant Treasurer.