1. City Council Meeting Presentations
City Treasurer
Douglas Sanders

2. 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.

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Our Services
Customer Service
Deposit Revenue Funds
Cash Management
Invest Idle Funds
Bill and Issue Alarm Permits
Administer Utility Users Tax Exemption Program
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Customer Services
Receive Payments for Water, Parking Tickets & business license
Process all mail payment and corresponds
Receipt of all County, State and Federal Payments
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5. Deposit Revenue Funds
Verify and deposit all cash and checks received into corresponding bank accounts.

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

7. 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.

8. 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.

9. 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.

10. 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%