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Welcome to the Office of the City Treasurer

  

Mission

  • Management of new and outstanding City debt in accordance with the City's Debt Management Policies, maximizing the value received from new financings and minimizing interest and transcation costs.
  • Management of custodial banking for all City funds by encouraging standards and practices consistent with safeguarding City funds.
  • Serve as the disbursing agent for payments from the City Treasury by distribution of checks and electronic payments in the most modern, secure, effective, and efficient method.
  • Maximize amount of cash available for investment after meeting daily cash requirements, thereby providing a source of revenue to support the City's financial commitments.

Functions

 

(1) Management of the City's Debt:  

 

The Office of the City Treasurer directly oversees the issuance of the City's General Obligation bonds and notes, as well as debt for the Water Department, Gas Works, and Division of Avation.  The Treasurer's primary functions in this role are to:

  • Maximize City's value from new transcations
  • Manage and refinance outstanding portfolio to decrease ongoing debt service costs
  • Attract and retain investors for the City's bonds
  • Improve and maintain the City's credit ratings

 

(2) Management of Custodian Banking for City Treasury:

 

The four major groups are:

  • City Primary Group of Operating, Capital, and related accounts.
  • City Departmental & Agency Administrated Petty Cash & Imprest Funds.
  • City Segregated Custodial Accounts held by various City Departments & Agencies.
  • Custodial Advisor of County & other City Governmental related interests.  

(3) Payments Out of the City Treasury:

 

The Office of the City Controller authorizes the issue of checks for payment of expenditures approved by the Director of Finance. The City Treasurer prints and distributes the checks or initiates electronic transfers.

 

Payments to:  

  • Vendors
  • General Disbursement of the City
  • Debt Service-Special General Disbursements of the City
  • Payroll -City Employees
  • Pension-City Pension Funded Checks
  • Foster Parents-Dept Human Services Administered Program
  • Elections-City Commissioners Election Poll Pay & Rents

(4) Cash Management Goals of the City Treasury:  

  • Preserve Principal
  • Maintain Liquidity
  • Maximize Return consistent with goals 1 and 2

Office of the Director of Finance

 

Investor Information