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County finance and treasurer provide budget and system updates; treasurer seeks three new positions, announces bank migration
Summary
Santa Cruz County finance and treasurer officials reported cash balances, announced a postponed treasurer-system rollout, a staged bank transition to PNC, a request for three new treasurer positions to strengthen segregation of duties, and introduced a new assistant finance director.
Santa Cruz County finance and treasury staff updated the Board of Supervisors on April 1 about fund balances, an upcoming technology transition, an incremental bank migration and a personnel request to strengthen internal controls.
Finance Director Marisa Chavez reported the county’s general fund balance at $21,405,775, an investment amount of $16,098,142, and a total for all funds of $65,423,693 with an investment amount of $21,740,000. She also announced the appointment of Maria Martinez as assistant finance director; Martinez has worked in the finance department for 11 years and will take a lead role on…
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