Sec. 11.1. City Treasurer.*

The City Treasurer shall be the custodian of all public funds belonging to or under the control of the City, or of any office, department or agency thereof. The City Treasurer shall devote his full time to the duties of the office and shall not engage in private business practice during City business hours. He shall have the power and be required to:

1. Receive and have custody of all moneys collected by the City from any source;
2. Deposit all moneys received in such depositories as may be designated by resolution of the City Council;
3. Disburse moneys on demands properly audited and approved in the manner provided for in this Charter or by ordinance of the City of Redondo Beach;
4. Prepare and submit to the City Clerk monthly written reports of all receipts, disbursements and funds balances, copies of which reports shall be filed with the City Manager;
5. Prepare and submit to the City Manager monthly reports as to the failure of any department heads, officers and/or employees within the City failing to promptly turn over moneys to the Treasurer as required by this Charter or by ordinances of said city;
6. Collect City taxes and license fees;
7. Invest and reinvest funds according to State law; provided, however, that the City Council may adopt investment guidelines by resolution.

The City Treasurer may appoint deputies for whose acts he and his bondsmen are responsible. The deputies shall hold office at the pleasure of the City Treasurer. The effective date of this Charter Amendment shall be April 1, 1983.

*11.1--as amended by election 11-2-82.