Laserfiche WebLink
<br />CERTIFICATION SIGNED BY THE TREASURER AND <br />ASSISTANT TREASURER THAT ENOUGH LIQUID <br />RESOURCES (INCLUDING MATURITIES) ARE <br />AVAILABLE TO MEET THE NEXT TWO MONTHS CASH <br />FLOW; <br /> <br />LISTING OF ALL BROKERS AND TOTAL BUSINESS <br />TRANSACTED DURING THE MONTH. <br /> <br />X. INVESTMENT CONTRACT <br /> <br />All investment contracts shall be routed through the City <br />Attorney's office prior to signing by the Treasurer/Assistant <br />Treasurer. <br /> <br />XI. CONTINUING EDUCATION <br /> <br />Treasurer and Assistant Treasurer shall attend investment training <br />at least once a year. <br /> <br />XII. WIRE TRANSFERS <br /> <br />All wire transfers exceeding $250,000 must be authorized by at <br />least two members of the staff. <br /> <br />XIII INTERNAL CONTROLS <br /> <br />A Finance Department staff member who is not involved in the <br />purchase of investments, wire transfers, or maintaining the <br />general ledger shall be designated the responsibility of reviewing <br />and reconciling the monthly reports received from brokers and <br />dealers. This review shall include but not be limited to: <br />reconciling the listing and amounts of each investment as <br />submitted by the dealer/broker with the records maintained by the <br />Treasurer, and reconciling the listing of transactions as <br />submitted by the broker/dealer with the records maintained by the <br />Treasurer. <br /> <br />Each month, the same staff person will also confirm the interest <br />receivable amounts and schedules prepared by the Treasury staff <br />and compare these items with those submitted by the broker/dealer. <br /> <br />Page 6 of 6 <br /> <br />11401 <br />