City Council Meeting Presentations

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Presentation transcript:

City Council Meeting Presentations City Treasurer Douglas Sanders

Mission The Department of the City Treasurer is responsible for implementing the City’s cash management program. To achieve the objectives of this program the department manages cash, invests idle funds, receives payments for City services, and disburses funds.

Click on the Picture Holder to insert your Picture, then send it back! Our Services Customer Service Deposit Revenue Funds Cash Management Invest Idle Funds Bill and Issue Alarm Permits Administer Utility Users Tax Exemption Program Click on the Picture Holder to insert your Picture, then send it back!

Click on the Picture Holder to insert your Picture, then send it back! Customer Services Receive Payments for Water, Parking Tickets & business license Process all mail payment and corresponds Receipt of all County, State and Federal Payments Click on the Picture Holder to insert your Picture, then send it back!

Deposit Revenue Funds Verify and deposit all cash and checks received into corresponding bank accounts.

Cash Management Ensure sufficient fund available for City disbursement Transfer money between accounts as required Monitor payroll accounts for adequate funding

INVEST IDLE FUNDS Invest funds that are not required for current daily operations into vehicles that conform to the City’s Investment Policy requirement of Safety, Liquidity and Yield.

Bill and issue alarm permits The City of Compton requires alarm users to maintain a valid yearly permit. Staff is responsible for record keeping and compliance of new and existing alarm users.

Utility users tax exemption The City of Compton offers low income seniors exemption from payment of the City’s utility users tax. Staff determines eligibility and notifies corresponding utility companies.

EXPENDITURE HISTORY F/Y 2012-2013 FY 2013-2014 F/Y 14-15 EXPENDITURES YEAR TO DATE EXPENDITURES $566,600 $571,707.20 $553,274.78 % EXPENDED 80% 87% 72%