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Copyrighted by SANTA CLARA COUNTY CODE & Municipal Code Corporation, 1998.

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Sec. A15-4. Powers and duties of Director of Finance.

The Director of Finance shall have administrative control over the Agency and shall be responsible for the budget of the Agency. The Director of Finance shall have the authority to appoint, suspend or remove all assistants, deputies and other employees within the Agency, subject to the provisions of the County Charter and this Ordinance Code.

The Director of Finance shall assume full responsibility for the investment transactions of the County treasury for a one-year period, renewable annually subject to review, unless the Board of Supervisors, by ordinance, revokes its delegation of authority prior to such annual renewal. The Director of Finance shall annually render to the Board of Supervisors and any over-sight committee a statement of investment policy, which the Board shall review and approve at a public meeting. Any change in the policy shall also be reviewed and approved by the Board at a public meeting.

(Ord. No. NS-300.393, § 9, 3-26-85; Ord. No. NS-300.540, § IV, 9-28-93; Ord. No. NS-300.594, § 1, 2-4-97)

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