CITY TREASURER
The City Treasurer is, as are all elected officials of the City, elected to a four-year term and serves the City on a part-time basis. The Treasurer receives a monthly stipend, car allowance, and a benefit package comparable to other City employees. The Treasurer's Office operates under the direction of the elected City Treasurer as a fully functioning department separate from the City's finance and accounting operations.

The City Treasurer makes regular reports concerning the City's financial position to the City Council, acts in administering the bond assessment programs, and recommends and arranges for the City's total investment program. As the general financial advisor to the City, and the citizens' independent financial-managerial observer, the City Treasurer serves as a member of the Finance Committee, along with two members of the City Council and the City Manager, that reviews and makes recommendations regarding the City's finances.

DEPUTY CITY TREASURER
The Deputy City Treasurer is appointed by, and serves at the pleasure of, the elected City Treasurer. The Deputy acts on behalf of, and at the direction of, the elected City Treasurer in the oversight of the daily operation of treasury functions and supervision of the Treasurer's staff, all of who are regular full or part-time City employees. Supervision of the Treasurer's Office operations and staff are the responsibility of the elected City Treasurer.

CITY TREASURER'S SERVICES
Primary duties of the City Treasurer include:
· Receipt and disbursement of all monies and funds of the City.

Receipt and reporting revenues due to the City.
Making investments and monitoring the City's investment portfolio.
Disbursing or serving as paymaster of the City payroll.
Preparation of reports on investments and fund balances.
Providing access and security to the treasurer's vault.
Participating and cooperating with the various audits of the City.
Providing checks and balances of internal financial controls.
Payment of assessment bonds by disbursement of monies collected from
bondholders.
Paying petty cash transactions, ride share programs, and seniors' refunds on
the utility users' tax and assisting in cash transactions of special activities.
Cashiering duties including registering receipt of all money and validating monies
received at cashiering stations in various City departments.
Balancing daily cash receipts and tracking daily cash balances and anticipating
the cash needs of the City.
Interface with banks regarding issued checks and stop payments.
Analysis and follow-up on outstanding bank account items.
Monitoring of the City's ATM.

PUBLIC SERVICE GOAL: To insure the safekeeping and availability of all City funds and to provide general financial advice and independent oversight of the management of City finances.

MAJOR ACCOMPLISHMENTS FOR 2005-2006

Supported disclosure and reporting in the City's financial statements per
Government Accounting Standards Board (GASB34).
Transitioned Treasurer's operations from former elected Treasurer and
appointed Deputy to newly elected Treasurer, appointed new Chief Deputy
City Treasurer.
Resolution No. 4903, The Annual Statement of Investment Policy, was adopted by
City Council, with priorities of safety, liquidity and yield.
Implemented daily reconciliation and monitorin of the City's available funds.
Increased interest by matching or exceeding benchmark rates, while adhering to
safety, liquidity and yield priorities.
Prepared and process a Request for Proposal for Banking Services; evaluated proposals; contracted with US Bank to provide full banking services to the City.
In conjunction with the City Finance Department, reconciled expense and revenue back to 1996 to establish a separate Sewer User Fund in accordance with GMC Section 13.26.060, Ordinance # 1503.
Reconciled outstanding warrants and payroll check back to 1999. Published, reissued and transferred $40k to the general fund.