·Invest the City's idle funds in a manner that will provide a return while ensuring both the preservation of capital and the liquidity necessary to meet the operating requirement of the City in accordance with the Investment Policy of the City.
·Ensure that there are sufficient funds available to meet the City's financial obligations.
·Consistently work to maintain a high level of efficiency in cash management, maximize use of idle funds, and minimize losses from returned items.
·Effectively audit payments processed through the accounts payable system, acting as a balance to the Finance Department as outlined in our Internal Control Procedures.
·Disburse accounts payable checks and payroll checks as dictated by City Policy. Work together with finance toward paperless payroll technologies to pay employees without printing or distribution paper checks and advices.
·Maintain the highest level of competence and knowledge possible in the areas of public entity investments and the mandated responsibilities and obligations of the office of City Treasurer in order to enhance performance for the benefit of the City by participating in educational opportunities offered by accredited institutions and professional organizations.
·Expand efforts to consolidate and streamline functions essential to the delivery of departmental services.
·Continue to expand electronic payment options throughout various city departments.
·Complete the RFP process to consolidate banking and brokerage activity to reduce cost and time associated with the use of multiple banking and broker institutions.
·Evaluate investment advisory policy diversification guidelines to assure adequate reduction of concentration risk in portfolio.
·Seek certification of City of El Segundo investment policy by CMTA to assure it is held to the highest standards of investment guidelines.
·Continue to maintain the Treasurer’s office as a businesslike and professional organization.