The City Treasurer is elected to serve a four-year term. Working in a part-time capacity, her responsibilities include:
- Chief Investment Officer
- Banking services
- Assessment District Trustee including oversight of Fiscal Agents and District Administrator(s)
- Monitor cash flow
- Conduct the Transient Occupancy Tax and Business Improvement District program reviews
The Deputy City Treasurer, Victoria H. McIntosh, CPA, is a highly qualified volunteer citizen of Laguna Beach.
In 2022, the City of Laguna Beach investment Policy received the “Certificate of Excellence” award from the Association of Public Treasurers of the United States and Canada. It was certified by the California Municipal Treasurers Association in 2019.
While the City shall provide its annual financial report as well as other financial reports on the City website, information with the intention of reaching the investment community is filed on the Municipal Securities Rulemaking Boards Electronic Municipal Market Access (EMMA) https://emma.msrb.org/Main/QuickSearch. Other than specific information on EMMA, no other information should be relied upon when making an investment decision.
- Municipal Bond Basics, a citizens' guide to commonly asked questions, bond types discussed in the March 2016 undergrounding presentation, cost of issuance and citizens' oversight committee.
- Ad Hoc Investment Status Meetings
Each year the City Council considers changes to the Investment Policy. The 2022 Investment Policy received the Certificate of Excellence Award from the Association of Public Treasurers’ of the United States and Canada and there were no legislative changes enacted that would impact California city investments. The changes proposed for 2023 City Council consideration are redlined in the draft 2023 policy attached. Please provide your comments or concerns by November 18, 2022 to firstname.lastname@example.org .