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City of Santa Clarita Receives Nationally Acclaimed Finance Award for its 2017-2018 Investment Policy

Post Date:07/19/2017 2:30 PM

The City of Santa Clarita has received an Investment Policy Certificate of Excellence Award from the Association of Public Treasurers of the United States and Canada for its Fiscal Year 2017-18 Investment Policy.

This year marks the 23rd consecutive year that the City has received the nationally recognized Certificate of Excellence Award from the Association of Public Treasurers of the United States and Canada for its success in developing a comprehensive written investment policy.

In order to receive certification, investment policies must be carefully reviewed by the association’s Investment Policy Certification Committee. The committee is comprised of 15 public and private sector volunteers from across North America. For a policy to receive certification it must be approved by all reviewers on 18 areas spelled out in the Model Investment Policy. This policy includes elements the Association of Public Treasurers of the United States and Canada deems essential to a written investment policy such as policy, scope, delegation of authority, ethics and conflicts of interest.

For more information about the Investment Policy Certificate of Excellence Award, please contact Cindy Valdivia of the City’s Administrative Services department at cvaldivia@santa-clarita.com or by phone at (661) 295-6301.

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