The City Treasurer’s Department is responsible for the custody and investment management of all City funds in accordance with State Law, City Charter, and City Investment Policy. Departmental responsibilities also Treasury administration and investment management services; tax administration and internal support services; administration and review of general tax operating revenues; and operating budget and capital improvement program cash flow management services.
Departmental core operational activities also include monthly and quarterly reporting of all cash receipts and investment positions; annual review of the comprehensive statement of investment policy; oversight of all entities bond proceeds; provision of administrative support and internal review of various operational functions; and implementation of various best management practices enhancing both departmental productivity and operating revenue, thereby strengthening the City’s general operating revenue base. All functions of the City Treasurer’s Department are focused upon two primary strategic organizational goals, as follows:
• Improving the City’s financial viability and expanding economic opportunities, and
• Increasing organizational effectiveness and efficiency
The City Treasurer’s Department remains clearly focused upon improving departmental productivity and efficiency through the continued implementation of best management practices enhancing general operating revenues while reducing departmental operating costs. FY 10-11 Key Projects and Assignments include:
The City Treasurer serves as President of the Association of Public Treasurers United States and Canada, representing the City in administrative capacity as a national leader of this prestigious profession organization. Appointment to President of APTUS&C in August 2009, serving through August 2010; Implement comprehensive revision of Capital Improvement Program Cash Flow Management Plan by December 2010; In coordination with City Manager and Financial Services, implement City Treasurer charter responsibility review program by January 2011; If qualified, issue annual California Statewide Communities Development Authority FY 2011-12 Tax Revenue Anticipation Note by June 2011; Continue implementation of enhanced investment reporting format including cash and investments within all City funds and investment funds held with all bank trustees; Working in cooperation with the Financial Services department, conduct ongoing reviews of citywide cash handling procedures ensuring compliance to internal control compliance standards; and continue implementation of banking services technology enhancements designed to streamline disbursement processes, automate current cash management processes, improve upon fraud prevention measures, and expedite the collections recovery process.
The City Treasurer is committed to providing the highest quality of municipal treasury services to the community in a professional, responsive, and friendly manner. The departmental ongoing commitment to customer service excellence for FY 10-11 include:
Strive to make every transaction with both our internal City Hall and external citizen customer service base a positive “solutions oriented” customer service experience; Continue implementation of customer service information enhancements and improvements to the departmental web site, promoting ease, accuracy, timeliness, and usefulness of accessible public information; Continue development and implementation of local outreach program providing useful, educational information regarding municipal treasury services; Provide ongoing departmental wide customer service training of at least two hours per employee on a quarterly basis; and incorporate continuing “best management practice” departmental procedural improvements that promote operational efficiency, augment operating revenues, and enhance customer service skills.
