The city of Santa Clarita received an award from the Association of Public Treasurers of the United States and Canada for its Fiscal Year 2019-20 Investment Policy.
This year marked the 25th consecutive year Santa Clarita received the nationally recognized Investment Policy Certificate of Excellence Award from the association for its success in developing a comprehensive written investment policy, the city stated in a news release this week.
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 deems essential to a written investment policy such as policy, scope, a delegation of authority, ethics and conflicts of interest.
For more information about the award, contact Brittany Houston of the city’s finance division at [email protected] or by phone at 661-255-4996.