The City Treasurer maintains the custody of City funds.

The City Treasurer is elected by the citizens of San Fernando every four years. The principal duties and responsibilities of the Treasurer are as follows:

• receipt and custody of all funds
• the deposit of funds
• the disbursement of funds upon the approval of the City Council
• the investment of funds

The City Treasurer also acts as the Treasurer for the Redevelopment Agency. The Treasurer complies with all laws governing the depositing and securing of public funds. Criteria for selecting investments and the order of priority are:

• Safety
• Liquidity
• Yield

It is the City Treasurer's responsibility to accurately monitor and forecast expenditures and revenues, thus enabling her to invest funds to the fullest extent possible.

Our current investments consist of deposits in the State of California Local Agency Investment Fund, United States Treasury Notes, Federal Home Loan Bank bonds, Certificate of Deposit in Banks, Savings & Loan Associations, and Thrift and Loan Associations.