HomeMy WebLinkAboutCC Reso No 2018-049 Adopting Policy No. 300-2 Unclaimed MoneyRESOLUTION NO. 2018-049
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE
ELSINORE, CALIFORNIA, ADOPTING POLICY NO. 300-2 - THE CITY OF
LAKE ELSINORE ESCHEATMENT POLICY FOR UNCLAIMED MONEY
Whereas, the City Council of the City of Lake Elsinore is charged with the responsibility of
establishing the laws of the City of Lake Elsinore through the enactment of ordinances, resolutions
and official policies; and
Whereas, City Council Policies are an expression of City Council's opinion as to the conduct of
City business enacted to guide the various functions of the City and, where necessary, to establish
procedures by which functions are performed in a fair and consistent manner; and
Whereas, from time to time checks issued by the City will remain uncashed despite efforts made
by City staff to make contact with the payees and reissue the checks; and
Whereas, the City Council is required to review and approve the City's Procedures for Unclaimed
Moneys; and
Whereas, Sections 50050-50056 if the Government Code of the State of California provide
procedures for escheating un -cashed checks to the local agency if over one year old and less
than $15 or over three years old and more than $15 following publication in the local newspaper;
and
Whereas, the City Council has determined that the adoption of Policy No. 300-2 for the handling
of un -cashed checks in accordance with Sections 50050-50056 of the Government Code of the
State of California is in the best interest of the City and the community.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,
CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:
Section 1: The attached Exhibit A, Policy No. 300-2, City of Lake Elsinore Escheatment Policy
for Unclaimed Moneys, is hereby adopted and made a part of this resolution.
Section 2: This Resolution shall take effect from and after the date of its passage and adoption.
Passed and Adopted on this 27th day of March 2018.
CC Reso. No. 2018-049
Page 2 of 2
Attest:
n -M, Domen, MMC
City Clerk
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF LAKE ELSINORE )
I, Susan M. Domen, MMC, City Clerk of the City of Lake Elsinore, California, do hereby certify
that Resolution No. 2018-049 was adopted by the City Council of the City of Lake Elsinore,
California, at the Regular meeting of March 27, 2018, and that the same was adopted by the
following vote:
AYES: Council Members Hickman, Magee and Tisdale; Mayor Pro -Tem Manos and Mayor Johnson
NOES: None
ABSENT: None
ABSTAIN: None
an M. Domen, MMC
City Clerk