The Finance Department manages the City’s treasury operations, managing and investing its funds in accordance with its Investment Policy. Quarterly Investment Reports are presented to the City Council in accordance with Government Code Section 53646 and published on-line.
The Finance Department is also responsible for the City’s debt management. While the City has issued little debt to date, the amount of future investment in infrastructure to support anticipated growth is substantial. While the City’s use of debt is limited by the City’s debt policies, the Department is responsible for ensuring the development and maintenance of a strong credit so that when the City does borrow funds, interest costs are minimized.
To view Official Statements for City’s Bonds, Quarterly Investment Reports and Financial Policies visit the Financial Documents Page.