CITY TREASURER


Phyllis Tucker, City Treasurer

For questions, call (626) 333-2211

Mission Statement:
Responsible for all investments for surplus and bond monies and paperwork associated with all entities, including: City of Industry, Industry Urban Development Agency, and Civic-Recreational-Industrial Authority.

• Verification of principal and interest extension computations and recording an entry for each transaction.

• Assist on Arbitrage calculations to meet Government Regulations.

• Monitor and enter into all repurchase Agreements with various banks in New York.

• Also, check statements from Custodial banks, that the Providers are maintaining sufficient amount of Securities to meet the required collateral needed.

• Send all wires and have funds available to meet Bond & Lease payments to Fiscal Agent.

Handle all transactions regarding Escheatment of Funds:

• Verify that funds have been received when Bond Holders claim payment on unpaid Bonds and Coupons.

• Attend Bond closings and execute proper documents and invest proceeds from Bond sales.

• Breakdown of Property Tax and Debt Service monies received monthly from the County of Los Angeles.

• Preparations of checks and invest proceeds from Bond sales.

• Calculate and record breakdown of interest earned from investments with State of California for each account.

• Preparation of Statement of Investment Policy for Legislative body's approval.

• Also, prepare investment reports with current market value for all entities.

• Sign checks and review registers for each entity.

• Monitor and reconcile bank statements for all savings accounts.

• Prepare checks, monitor bank statements for various checking accounts.

• Bank deposits and take care of any discrepancies with banks.

• Have funds available to meet expenditures for all registers.

• Available funds November 1st of each year from Industry Urban Development Agency - Project #1, #2 and #3 Surplus.

• Accounts to make payments due City of Industry from Industry Urban Development

• Agency, Civic-Recreational-Industrial-Redevelopment Projects #1, #2, #3, 1995

• Subordinate Tax Allocation ref. Bonds.