The City Treasurer of Philadelphia is the manager of city funds and investments for the City of Philadelphia, Pennsylvania. The current city Treasurer is Jaqueline Dunn.[1]
The duties of the City Treasurer include:
- Management of new and outstanding City debt in accordance with the city's Debt Management Policies, maximizing the value received from new financing and minimizing interest and transaction costs.
- Management of custodial banking for all City funds by encouraging standards and practices consistent with safeguarding City funds.
- Serve as the disbursing agent for payments from the City Treasury by distribution of checks and electronic payments in the most modern, secure, effective, and efficient method.
- Maximize amount of cash available for investment after meeting daily cash requirements, thereby providing a source of revenue to support the city's financial commitments.[1]
References edit
- ^ a b "About Us". Philadelphia City Treasurer's Office. Archived from the original on September 23, 2013. Retrieved September 15, 2013.