Office of the City Treasurer
The City Treasurer is an elected position and, by charter, is custodian of all public funds belonging to, or under the control of, the City or any office, department, or agency thereof.
Cash Receipts
As custodian of all public funds, the City Treasurer, with the cooperation and assistance of the Finance Department, receives all monies coming into the local financial institutions.
Investments
In order to maintain a good investment program, the City Treasurer must have a good cash flow analysis of funds coming into the City, as well as funds being paid out. The Treasurer can then place the funds in various legal investments that will yield the highest return to the City over the terms of the investments. In the current fiscal year, about 3% of the City’s general fund revenue will come from investment earnings.
