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(1) 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.
(2) 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
(3) Cash Management of the City Treasury:
Preserve Principle
Maintain Liquidity
Maximize Return
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