The City Treasurer of Philadelphia is the manager of city funds and
investments for the City of
Philadelphia
Philadelphia, often called Philly, is the List of municipalities in Pennsylvania#Municipalities, largest city in the Commonwealth (U.S. state), Commonwealth of Pennsylvania, the List of United States cities by population, sixth-largest city i ...
,
Pennsylvania
Pennsylvania (; ( Pennsylvania Dutch: )), officially the Commonwealth of Pennsylvania, is a state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States. It borders Delaware to its southeast, ...
. The current
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 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 debt
Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase. The ...
in accordance with the city's Debt Management Policies, maximizing the value received from new
financing
Funding is the act of providing resources to finance a need, program, or project. While this is usually in the form of money, it can also take the form of effort or time from an organization or company. Generally, this word is used when a firm use ...
and minimizing interest and transaction costs.
*Management of custodial banking for all City funds by encouraging standards and practices consistent with safeguarding City funds.
*Serve as the disbursing agent for payments from the City Treasury by distribution of
checks and
electronic payments in the most modern, secure, effective, and efficient method.
*Maximize amount of cash available for investment after meeting daily cash requirements, thereby providing a source of
revenue
In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business.
Commercial revenue may also be referred to as sales or as turnover. Some companies receive reven ...
to support the city's financial commitments.
References
{{Reflist
External links
Office of the City Treasurer website
City and town treasurers in the United States
Government of Philadelphia