Rancho Santa Margarita

City Council

April 12, 2023 Order of Business 4 #7

Agenda Item 7

4.7 PROPOSED DEPOSIT OF PUBLIC FUNDS AGREEMENT WITH THE BANK OF\nSOUTHERN CALIFORNIA (Turner)\nRECOMMENDATION:\n1) Approve proposed Deposit of Public Funds Agreement with the Bank\nof Southern California with an Active Balance Agreement Limit of\n$12,000,000; and\n2) Authorize the Mayor and the City Manager, as authorized signers at\nthe bank, to execute proposed Deposit of Public Funds Agreement\nwith the Bank of Southern California.\nItem No. 4.7