Treasury

Treasury is responsible for daily cash flow and portfolio management, investment of City funds, maintains City bank accounts, provides support for bond issuances, and provides staff support of the Investment Review Committee (IRC). This section records daily transactions to the City’s bank accounts, prepares the monthly Investment Information Report for Council and IRC, prepares the Annual Report of the IRC to the City Council, and adheres to and provides recommendations on changes to Council Policy B-2, Investment Policy (Policy).

Staff holds monthly internal investment status and strategy meetings, quarterly portfolio status review meetings with the City Manager and external investment advisor, and an annual meeting of the IRC to review and discuss portfolio status and management, the Policy and Policy compliance. Staff provides review and analysis on bond documents and is responsible for the annual continuing disclosure reporting for bond issuances.