Deputy Treasurer

Anchored in the foothills of the Sierra Nevada - 20 miles east of Sacramento and about 1.5 hours from Lake Tahoe - the City of Folsom is comprised of beautiful parks and trails, and boasts excellent schools, family-orientated neighborhoods, and outstanding shopping, dining, and cultural options. Folsom is a high-tech, forward-looking city, with firms ranging from small to large international corporations. Voted by WalletHub as the Best Place for Families to Live in California, and 2nd Best Lake Town in America, Folsom is recognized for its affordability, fair weather, education, and health. Folsom’s schools were recognized among the best in Sacramento County. Niche recently released its list of the Best in America for 2025, and Folsom swept the honors with seven elementary, two middle, and two high schools making the list.


The Folsom Office of Management & Budget is currently recruiting for a Deputy Treasurer to join the Finance Department. This is an unrepresented, confidential, exempt position.

Under the general direction of the Finance Director, the Deputy Treasurer has responsibilities in the areas of cash management, debt service, CFD and Assessment District formation and administration, intergovernmental contacts, investments, banking relations, and disclosure requirements.  

DISTINGUISHING CHARACTERISTICS
The Deputy Treasurer is the specialist level in the treasury functions of the Finance Department. incumbents work on specialized projects and activities containing a high number of complex and difficult tasks and assignments. As the lead person in this specialty area the incumbent may provide direction to other staff and may review the work of staff. Positions at this level are distinguished by the independence with which they perform their duties of handling the most difficult and complex work and by their extensive knowledge of applicable rules, regulations, and practices in the field.NOTE: The following are the duties performed by employees in this classification. However, employees may perform other related duties at an equivalent level.  Each individual in the classification does not necessarily perform all the duties listed.

• Manages City held funds in the City general bank account(s) by projecting City cash flows through monitoring revenues, expenditures and account balances, ensuring sufficient cash and liquidity for current and future expenditures.
• Recommends and implements investment strategies and actions in accordance with the City Investment Policy; makes purchases of various types of fixed income offerings; monitors investments and ensures required reporting. 
• Coordinates and monitors Special District administration for CFD’s, AD’s and PBID’s from formation through debt service payments and closeout.   
• Manages contracts for Special District, CFD, and SPIF administration.
• Prepares cost recovery for all bonded and selected non-bonded districts; places assessments and special taxes on the County property tax roll; monitors City held and trustee held funds; ensures mandatory reporting and disclosure and compliance needs are met.
• Coordinates all City responsibilities relating to the issuance of debt; makes all debt service schedules and payments, and ensures compliance with various bond covenants. 
• Produces all reports in conjunction with City, Redevelopment, FPFA, FRFA, and Special District debt.  
• Works with City’s Municipal Advisor, Special Tax Consultant, & Bond Counsel, as well as Underwriters and others involved in the issuance of debt.  
• Maintains credit rating agency relationships.
• Maintains banking relationships as well as administers banking contracts for City’s general operating account, investment safekeeping account(s), and numerous trustee & fiscal agent accounts.
• Performs the duties of the “Disclosure Coordinator” in accordance with the City’s Continuing Disclosure Policy.  
• Suggests strategies and actions to increase transparency of City’s financial position and transactions.
• Keeps current on regulations, standards, and actions of regulatory and other agencies such as State Controller’s Office, the State Treasurer’s office, the California Debt and Investment Commission, the SEC, the IRS and other governing bodies.
• Prepares City Council staff reports and other reports for various agencies and for internal review. 
• Performs other finance related duties as required, such as assisting in the preparation of the City’s operating budget and Capital Improvement Program, and ACFR, monitoring Sales tax reports and performing analysis, maintaining fiscal records and reports, preparing fiscal policies and procedures, and other related duties as assigned.

NOTE:  The level and scope of the knowledge and abilities listed below are related to job duties as defined under “Distinguishing Characteristics.”

Knowledge of:

• Investment tools and criteria; banking operations; cash-flow analysis. 
• California treasurer and investment requirements.
• SEC disclosure requirements and other SEC reporting requirements.
• CFD and Assessment District legislation, rules and practices.
• Principles and practices of portfolio management.
• Thorough knowledge of Generally Accepted Accounting Principles, municipal finance and budgeting, and GASB pronouncements and technical reports.

Ability to:

• Read, analyze, interpret, and implement complex regulations and standards.
• Communicate with both financial and non-financial individuals the meaning of certain financial information and to maintain effective working relationships.
• Prepare all required financial reports, perform comprehensive fiscal analyses and prepare detailed reports.
• Forecast cash requirements and timing with treasury needs. 
• Understand and apply laws, rules, and regulations to specific tasks.
• Work independently and to be proactive in addressing issues.
• Utilize standard and specialized computer software applications, such as: Microsoft’s advanced excel program, Tracker Investment Reporting software, and CentralSquare’s Finance Enterprise Financial System.

Education:
Bachelor’s Degree in Business, Finance, Accounting, or related financial area required.

Experience:   
Five (5) years of relevant experience with investments, finance, and/or banking within the public sector, preferably in local (City or County) government.

License, Certificate, Registration Requirements
At the option of the City, persons hired into this class may be required to either possess at entry or obtain within specified time limits, designated licenses, certificates or specialized education and training relevant to the area of assignment. Additional requirements may include, but are not limited to the following:
 

• Some positions may require the possession of, or the ability to obtain and retain, a California Class C driver license by the time of appointment. Individuals who do not meet this requirement due to a disability will be evaluated on a case-by-case basis.

• Certification as a California Certified Municipal Treasurer or Certified Public Funds Investment Manager is desirable.

Physical Requirements:
Work is performed in a typical office environment.   (1) Mobility:  frequent use of keyboard; frequent sitting for long periods of time; occasional bending or squatting.  (2) Lifting:  frequently up to 10 pounds; occasionally up to 25 pounds.  (3) Vision:  constant use of overall vision; frequent reading and close-up work; occasional color and depth vision.  (4) Dexterity:  frequent repetitive motion; frequent writing; frequent grasping, holding, and reaching.   (5) Hearing/ Talking:  frequent hearing and talking, in person and on the phone. (6) Emotional/ Psychological:  frequent decision-making and concentration; frequent public and/or coworker contact; occasional working alone.  (7) Environmental:  frequent exposure to noise.

Salary : $116,936 - $148,131