As part of its treasury responsibilities, Administrative Services manages:

• The City’s investment program
• Debt administration, including compliance with Federal arbitrage rebate regulations and the Securities and Exchange Commission’s (SEC) continuing disclosure requirements
• Banking services and relationships
• Periodic updates to its investment policy (Open the Statement of Investment Policy (PDF))
• A schedule of service charges, revised effective July 1, 2025 (Open the Summary of Service Charges (PDF))
• State-Mandated Cost Recovery (SB90) claims

The City actively manages its cash assets using investment advisory services, continuously investing all cash resources not immediately required for disbursement in very conservative, secure investments on a daily basis. Current investments include U.S. Treasuries and U.S. Government Agency securities, as well as funds managed through the State Treasurer's office. Visit the State Treasurer’s Local Agency Investment Fund webpage.

The Fiscal Services Division prepares a monthly investment report for City Council. Open the Monthly Investment Report (PDF).

Bond Administration and Compliance

Treasury staff ensures compliance with Securities and Exchange Commission (SEC) Rule 15c2-12(b)(5) for all applicable bond issues. Bond administration responsibilities include payment requisitions, draw-downs of funds for capital improvement project costs, tax roll levies, timely debt service payments, and payoff calculations, as required on all of the City’s bond issues.

Contact

Deputy Administrative Services Director (Fiscal Services): Marvin Lopez
(805) 583-6803

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