Title
Annual Report for City Council Appointive Officer - City Treasurer
End
FileID
File ID: 2026-01680
End
Location
Location: Citywide
End
Recommendation
Recommendation: Receive annual report and pass a Motion forwarding to the City Council for review.
End
Contact
Contact: John Colville, City Treasurer, (916) 808-8297, jcolville@cityofsacramento.org, Office of the City Treasurer
End
Presenter
Presenter: John Colville, City Treasurer, (916) 808-8297, jcolville@cityofsacramento.org, Office of the City Treasurer
End
Attachments
Attachments:
1-Description/Analysis
2-Office of the Treasurer Annual Report
3-Presentation
End
Description/Analysis
IssueDetail
Issue Detail: The mayor and city council are committed to performing regular annual reviews of its appointive officers.
The annual report and appointed officer evaluation process is intended to move forward to the city council. As appropriate, the city council will meet in closed session, per Government Code section 54957(b), to provide feedback on past accomplishments of and to give direction on goals and objectives for the upcoming year.
The city treasurer performs executive management duties by overseeing the activities and functions of the Office of the City Treasurer, including the supervision of professional staff, the investment and management of all city funds, issuance and management of city debt (including Redevelopment Agency Successor Agency debt), and the coordination and administration of the city’s banking operations.
City of Sacramento Charter § 73 City Treasurer mandates the following:
The city treasurer shall be responsible for the deposit and investment of all funds of the city treasury not made subject to the control of others pursuant to this Charter. The city treasurer shall keep the city council fully advised as to the deposit and investment of funds subject to his control. The city council shall prescribe the qualifications, additional duties, and compensation of the city treasurer. The city treasurer shall appoint, subject to the civil service provisions of this Charter, such deputies and employees as the council may by resolution prescribe.
The City Treasurer is responsible for the following:
• Banking
o Serve as the Citywide Lead/Program Manager and principal liaison between the city’s business units and the city’s banking vendor.
o Establish and administer a variety of banking services for the receipt, disbursement, and safekeeping of city monies and investments.
o Responsible for the implementation and sustainability of the city’s Compliance Program for Payment Card Industry Data Security Standard (PCI DSS).
o Formulate and implement policies, programs, and procedures of banking operations including armor car services, PCard, ACH, and electronic payments.
o Provide, coordinate, and conduct training for city departments on internal and external banking activities and compliance issues.
• Debt Management
o Responsible for the planning, coordination, and issuance of all city debt (public or private placement).
o Work with Finance Department and City Attorney's Office staff, as well as external staff to develop the Rate and Method of Apportionment (RMA) of Special Tax related to new Mello-Roos Districts.
o
o Manage the pre-issuance process of all financings, whether public or direct placement.
o Manage the feasibility analysis of potential projects (such as small-equipment lease or enterprise revenue bond issues), working in conjunction with various city departments.
o Manage communication between the city and rating agencies, current bondholders, and bond insurers.
o Review and provide material edits to all draft rating agency credit reports or rating surveillance publications.
o Manage the levy development process for land-secured districts.
o Evaluate and determine collections of land-secured districts; if necessary, initiate accelerated foreclosure proceedings.
o Manage the delinquency process; including stripping parcels from the secured roll (in accordance with bond covenants) and seek payment for bondholders.
o Manage the reconciliation for special tax collections to determine sufficiency of covering necessary debt service payments and administrative costs of land-secured districts.
o Review and approve reserve fund valuation as prepared by the trustees.
o Complete and approve all debt service payments, including sweeps of the reserve fund or supplants of the reserve fund.
o Complete and approve all continuing disclosure filings, annual filings, event filings, and voluntary filings before the filings are uploaded to MSRB's EMMA system, the State Controller’s Office, or the State Treasurer’s Office.
o Review and ensure compliance with bond covenants and applicable federal, state, and local laws and regulations.
• Investments
o Manage the city’s Pool A ($1.7B) and SHRA’s Pool D ($125mm) short-term investment portfolios for principal preservation, liquidity, and income.
o Portfolio Manager for the Sacramento City Employees’ Retirement System (SCERS) which includes equities, fixed-income, and equity option securities ($255mm).
o Manage endowment and trust funds that were bequeathed to the city:
o Ann Land/Bertha Henschel Endowment ($5.3mm) - Poor and indigent citizens
o Ethel Hart Memorial Endowment ($4.2mm) - Senior citizens
o George H. Clark Memorial Scholarship ($2.6mm) - Sacramento high school student scholarships
o Participate in the Defined Contribution Committee which conducts advisory activities for the city’s 401A and 457 defined contribution programs.
o Oversee and monitor the daily cash management to ensure adequate liquidity for the city.
o Prepare monthly, quarterly, and annual reports for the council and portfolio participants to ensure transparency.
o Complete all reporting in compliance with SEC regulations.
End
PolicyConsiderations
Policy Considerations: Council Rules of Procedure, Chapter 18.
End
EconomicImpacts
Economic Impacts: Not applicable.
End
EnvironmentalConsiderations
Environmental Considerations:
California Environmental Quality Act (CEQA): The proposed action is not a project under CEQA because it is an organizational or administrative activity that will not result in direct or indirect physical changes in the environment. (CEQA Guidelines §15378(b)(5).)
End
Sustainability
Sustainability: Not applicable.
End
Commission/Committee Action
Commission/Committee Action: Not applicable.
End
RationaleforRecommendation
Rationale for Recommendation: Clear communication and performance metrics are at the core of the work of the council and the city. To evaluate council appointive officers on a consistent basis, the Personnel and Public Employee (P&PE) Committee has the role and responsibility of developing and leading annual performance metrics and evaluations.
End
FinancialConsiderations
Financial Considerations: Not applicable.
End
LocalBusinessEnterprise
Local Business Enterprise (LBE): Not applicable.
End