To manage the financial affairs of the City through successful corporate strategies, protect and enhance the City’s financial integrity and give financial support services to citizens and City operations.
Investment Management – Administers and invests available operating funds to meet or exceed benchmark rates of return on the City’s investment portfolios while maintaining safety of principal. The City’s Investment Policy Statement, which is part of the Bond Disclosure Supplement, provides guidelines for the City’s investment activities. Additional information is available from the City’s Comprehensive Annual Financial Report, including a summary of investment holdings and portfolio characteristics.
Debt Management and Capital Investment – Manages a diversified debt portfolio to efficiently address the City’s capital funding needs and works with City departments to develop workable financing plans for acquisition and construction of capital projects. The City’s Debt Management Policy, which is part of the Bond Disclosure Supplement, provides guidelines for issuing City debt.
Pension Administration – Administers the activities for the City’s retirement benefits:
- Police Pension Plan
- Firefighters’ Pension Plan
- General Employees’ Pension Plan
- One 401a defined contribution pension plan for general employees
- Two 457b deferred compensation plans
- Two retiree health savings plans
Investor Relations – Maintains a strong working relationship with bond rating agencies, bond insurance companies, municipal bond analysts and municipal bond investors. Find detailed information on the City’s outstanding debt is in the Bond Disclosure Supplement.