city treasurer

The municipal treasurer is a position of responsibility for a municipality according to the locally prevailing laws. The treasurer of a public agency is elected by the voting public or is appointed by the municipal council or municipal manager. City treasurers are primarily responsible for managing the revenue and cash flow of the agency, banking, collection, receipt, reporting, custody, investment or disbursement of municipal funds. Responsibilities The municipal treasurer is typically responsible for liquidity risk management, cash management, issuing and repaying debt, and interest rate risk, and oversight of pension investment management. They also typically advise the municipal council and municipal manager, or their equivalents, on matters relating to municipal finance. They could also have oversight of other areas, such as the purchase of insurance, and collections of user fees such as utility usage and business licenses. Municipal funding sources are commonly property tax, sales tax, income tax, utility users tax (UUT), transient occupancy tax (hotel occupancy), and user fees such as licensing and permit fees.