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 requirements of the City in accordance with the Investment Policy. Develop an investment strategy consistent with the City’s operational objectives.
Ensure that there are sufficient funds available to meet the City’s financial obligations. Develop a long-term cash forecast to anticipate expenditure and revenue fluctuations.
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 the Finance Department toward paperless payroll technologies to pay employees without printing or distribution of 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 the 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.
Prepare, train, and certify treasury staff in treasury management by completing the 17-course curriculum as prescribed by the Fixed Income Academy Bond School resulting in the designation of Certified Fixed Income Professional (CFIP).
Continue to consolidate and streamline functions essential to City financial processes and continue to expand electronic payment options throughout various City departments.
Continue to evaluate investment advisory policy diversification guidelines to assure adequate reduction of concentration, credit and duration risks to the portfolio.
Seek certification of the City of El Segundo Statement of Investment Policy by the California Municipal Treasurer’s Association 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 that strives to provide best in class treasury services.
Develop a Treasury Handbook to documenting all treasury cash management and investment processes, policies and procedures.