(1155) Treasurer Division

The San Benito County Treasury is to provide financial services in terms of quality, accuracy and value to the County, School Districts and Special Districts.  As guardian of the public’s money, we uphold these ideals by employing a conservative investment policy that is focused on the principles of safety, liquidity, and yield.

The County Treasurer is governed by the California Government Code and responsible for the preservation of capital through sound financial management. The San Benito County Treasury operates as the County’s bank, providing banking and investment services for all pool participants. The safekeeping of these assets requires the receipt of all monies for deposit, maintenance of accurate records required to balance to the Auditor-Controller’s ledgers, cash flow projections to meet daily liquidity, and investing of monies in the fixed income pooled portfolio. All funds are invested daily for maximum safety, liquidity, and yield to preserve the capital investment while providing net added value through investment earnings. The CA Govt Codes Sections 53601 and 53608, as well as the Treasurer’s Investment Policy, mandates that the Treasury invest conservatively in fixed-income securities with a maximum maturity of 5 years. Permissible fixed income securities include U.S. Treasury and Federal Agency securities, commercial paper, banker acceptances, highly rated corporate notes, and various highly liquid funds. The pool participants include the County, Schools, and various Special Districts.

Strategic Plan Focus Areas

• Operational Development and Excellence
• Community Engagement

• Continue to maintain transparency through the monthly presentation of the Treasurer’s Portfolio Report to the Board of Supervisors.
• Remodeled the Lobby at 1131 San Felipe Road to include a handicap accessible counter for the Treasury Office.
• Arranged office space to include a counting room, so we can complete the bank deposit away from public spaces.
• Installed a security camera in the safe room.

• Space and Logistics
  • Finding adequate storage space for hard copy records per our retention policy.
  • Arranging the office workflow to ensure adequate oversight of the front counter.

• Adequate staffing to ensure continuous coverage of the office.

• Continue to review Space and Logistics for better office efficiency.
• Plan for our move back to our previous location downtown

• Add an additional full-time staff member to assist with added administrative policies and coverage for Treasury desk.