The City Council may appoint a new acting city treasurer tonight to replace City Manager Paul Philips after several residents complained Tuesday that allowing Philips to hold both positions could pose a conflict of interest.
The City Council appointed Philips as acting treasurer on Oct. 1, the same day the council fired former City Treasurer Ray Wood after city auditors discovered he lost $1.9 million in city funds in a speculative securities deal. Wood, 62, had worked for the city for four years on a contract basis.
Several residents at Tuesday's meeting complained that having Philips as acting treasurer could pose a problem because he is also the city's finance director, who is supposed to oversee the treasurer's investment decisions.
In an interview, Philips agreed that the two positions should eventually be separated.
Philips said that he would approach Lawndale real estate agent Norm Wilson before tonight's meeting about accepting the treasurer's job. Wilson could not be reached for comment.