HomeMy WebLinkAbout10-City Treasurer
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CITY TREASURER
MANAGES A
$100 MILLION DOLLAR PORTFOLIO
REVIEWS INVESTMENTS FOR
SAFETY, LIQUIDITY & YIELD
MAKES INVESTMENTS ON BEHALF
OF THE CITY & WATER DEPT.
REVIEWS BANKING SERVICES TO
STREAMLINE FUNCTIONS
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CITY TREASURER
I ACCOUNT NUMBER: 001-040 FUND: GENERAL FUND I
ABOUT THE DEPARTMENT
The City Treasurer is a part-time position elected at large to a four-year term, The City
Treasurer is responsible for overseeing City investments and related policies as established by
the Common Council. The City Treasurer gives direction to the Treasurer's Office staff on when
and what types of investments to make on behalf of the City and Water Departments, Prior to
any investment being made, the City Treasurer reviews each investment for safety, liquidity, and
yield.
EXPENDITURES BY CATEGORY
2006 -07 2007-08 2 008-09 2009-10
CATEGORY ACTUAL ACTUAL PROJECTED ADOPTED
PERSONNEL 146,5 85 168,817 191,768 176,800
MAINTENANCE & OPERA TION 7,216 7,521 7,245 11,300
CONTRACTUAL SERVICES 3,758 4,665 4,156 4,400
INTERNAL SERVICE 7,476 7,947 6,292 5,200
CAPITAL OUTLAY 0 0 0 0
DEBT SERVICE 0 0 0 0
TOTAL 165,035 188,950 209,461 197,700
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CITY TREASURER
2008-09 KEY ACCOMPLISHMENTS
,/ Filed Annual Statement of Investment Policy for the period ofJuly I, 2008 through June 30,
2009.
,/ Continued to cross train with staff from other divisions in order to provide better service to
City Departments,
2009-10 KEYGOALS
~ Continue the educational and training processes to update investment policy and procedures,
~ Develop and maintain procedures to protect city assets,
~ Continue to explore and incorporate new banking/computer technology to streamline
functions of the office,
~ Improve cash flow forecasting model.
DID YOU KNOW?
~ The City Treasurer manages over a $100 million dollar portfolio,
~ The City Treasurer deposits and tracks approximately $55 million dollars in deposits on a
monthly basis,
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FUND 001 GBNBRAL FUND
ACCOUNT OBJBCT & TITLB
BXPBNDITURE BUDGBT LINE ITEM DETAIL
FISCAL YEAR 2009-2010
DIVISION 041 CITY TREASURER
ACTUAL 2006-07 ACTUAL 2007-08 PROJECTED 2008-09 ADOPTED 2009-10
5011 SALARIES PERM/FULLTIME
5013 AUTOMOBILE ALLOWANCE
5026 PERS RETIREMENT
5027 HEALTH & LIFE INSURANCE
5028 UNEMPLOYMENT INSURANCE
5029 MEDICARE
TOTAL PBRSONNEL SERVICES
5111 MATERIALS & SUPPLIES
5112 SMALL TOOLS & EQUIPMENT
5122 DUES & SUBSCRIPTIONS
5132 MEETINGS & CONFERENCES
5171 RENTALS
5172 EQUIPMENT MAINTENANCE
5174 PRINTING CHARGES
5175 POSTAGE
5176 COPY MACHINE CHARGES
TOTAL MAINTENANCE & OPERATION
5502 PROFESSIONAL/CONTRACTUAL SVCS
TOTAL CONTRACTUAL SBRVICES
5604 IT CHARGES IN-HOUSE
5605 TELEPHONE SUPPORT
TOTAL INTERNAL SERVICE CHARGBS
TOTAL
95,052 110,702 128,111 112,900
4,500 5,700 6,000 6,300
15,187 22,023 23,972 23,200
31,358 29,711 32,681 32,400
249 291 335 300
239 390 669 1,700
146,585 168,817 191,768 176,800
1,078 857 844 1,400
0 40 0 300
654 631 847 1,300
1,608 1,554 1,158 2,700
774 0 0 900
2,600 3,273 3,411 3,300
374 237 122 300
129 68 51 200
0 861 811 900
7,216 7,521 7,245 11,300
3,758 4,665 4,156 4,400
3,758 4,665 4,156 4,400
6,100 7,100 6,100 5,000
1,376 847 192 200
7,476 7,947 6,292 5,200
165,035 188,950 209,461 197,700
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BUDGET - JUSTIFICATION
041 CITY TREASURER
001 GENERAL FUND
OBJ JUSTIFICATION
Sill MATERIALS AND SUPPLIES SUCH AS PENS, PENCILS, ENVELOPES OF ALL SIZES, FORMS, ENCODING SUPPLIES AND TONER
FOR PRINTER
5112 CALCULATORS AND OTHER SMALL ITEMS NEEDED
5122 mOMSON WEST CODES, NYTlMES, KIPLINGER LETTER, ASSO. OF PUBLIC TREASURERS, CMTA MEMBERSHIP
513 2 ANNUAL CITY TREASURER'S CONFERENCE,CA MUN TREASURERS ASSO WORKSHOP ATTENDANCE FOR TREASURER AND DEPUTY
TREASURER
5171 MONTHLY LEASE AGREEMENT FOR COPIER/FAX MACHINE
5172 MAINTENANCE COST FOR BILL COUNTER, CHECK ENCODER, AND SYMPRO INVESTMENT TRACKING SOFfWARE MAINTENANCE
AND UPGRADES
5174 PRINTING OF FORMS, REPORTS, ETC,
5175 POSTAGE FOR GENERAL CORRESPONDENCE AND EXPRESS MAILINGS
5176 COPY MACHINE LEASE PAYMENTS, MISC, PRINTING
5 5 0 2 CONTRACT FOR ARMORED CAR SERVICE AND DOCUMENT SHREDDING
5604 THE PORTION OF THE CITY'S TOTAL INFORMATION TECHNOLOGY SERVICES COSTS (INCLUDING STAFF TIME) RELATED TO
THIS DEPARTMENT. CHARGES ARE BASED ON TYPE OF EQUlPMNT, SOFTWARE AND SUPPORT UTILIZED BY DEPARTMENT.
5605 CHARGES FROM THE CITY'S TELECOMMUNICATIONS DIVISION (INCLUDING STAFF TIME AND OVERHEAD) RELATED TO TIllS
DIVISION'S TELECOMMUNICATIONS COSTS (CHARGE.BACKS BASED ON ACTUAL COSTS INCURRED).
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