Laserfiche WebLink
MOTION:MS. WONG: <br /> Move to file. Accept to file. <br />MR. MATSUDA: <br /> Second. <br />MS. NICHOLSON: <br /> We have a motion to accept and file. Any discussion? If not I call <br />for a vote on the motion. All those in favor, aye. <br />ACTION ON MOTION: All: Aye. <br />MS. NICHOLSON: <br /> Oppose? None. <br />MS. NICHOLSON: <br /> We will accept and file that communication. <br />DISCUSSION, AND QUESTION AND ANSWER SESSION WITH REAL PROPERTY <br />TAX, TREASURER, DEPARTMENT OF ENVIRONMENTAL MANAGEMENT, <br />CORPORATION COUNSEL, AND FINANCE REGARDING REVENUE <br />ENHANCEMENT AND COLLECTIONS, AND ANY ISSUES WITH PURCHASING <br />AND CONTRACTS <br />MS. NICHOLSON: <br /> We’re moving directly into Agenda Item 5, which is Discussion, and <br />question and answer session with Real Property Tax, Treasurer, Department of <br />Environmental Management, Corporation Counsel, and Finance regarding revenue <br />enhancement and collections, and any issues with purchasing and contracts. So for <br />those of you who are here on those topics, if you would come to the table and introduce <br />yourselves. If you could introduce yourself and tell us what department you are, your <br />name and we’ll get started. <br />MR. OKUMOTO: <br /> I’m Mike Okumoto. I’m the Treasurer for the Treasury Division. <br />MS. SAKO: <br /> I’m Deanna Sako, Deputy Director of Finance. <br />MR. SITKO: <br /> Stan Sitko, Real Property Tax Administrator. <br />MS. NICHOLSON: <br /> Have you prepared any remarks for us? I’m not sure what the <br />contact was with you so. <br />MR. OKUMOTO: <br /> I was told to do a five minute summary. <br />MS. NICHOLSON: <br /> Okay. We’re ready for your five minutes. <br />MR. OKUMOTO: <br /> Treasury Division is the gathering point where all of the county’s <br />revenue are found in a place on the county’s books to treasury receipts. I have a copy <br />here for you to look at. If cash or checks are brought into our office, then we make a <br />bank deposit for that agency. We manage all funds for liquidity and make investments <br />with the remaining funds. We communicate with agencies such as the Department of <br />Water Supply and Housing to fill out their cash needs. The other major core function is <br />to arrange financing for infrastructure. This is done mainly through short term notes or <br />long term bonds. We have done seven new money bond issues over the last 10 years. <br />2 <br /> <br />