3. Tell Me
• Where does my money go?
• Are our expenses under control?
• Can I see where we are invested?
• Are we at great financial risk?
• How are we going to increase/keep
services?
• Are we providing timely information?
• Is it accurate information? What about
Internal Controls?
4. What Our Goals Could Be
• Set Our Sights on the
Highest Levels of
Transparency
• Follow Best Practices,
not Our Practices
• Follow Jeff Bezos – keep
your best and your
worst customer happy
Engage
Riverside
Beaumont
City
Website
Transparent
Beaumont
5. What does this have to do with the
Treasurer?
Accounting
Reports
Investments
Audits CFD’s
Graphics of
Expenses and
Revenues
6. Treasurer Goals Finite and Dated
30 Days
•Audit Committee
Finalizes
Recommendations
•Request Treasurer
become Lead of Ad
Hoc Audit
Committee
•Treasurer delivers
monthly summary
reports in open
session
45 Days
•Ad Hoc Beaumont
Transparency
Committee Formed
•Treasurer is Lead,
Staff and Council are
key
•Objectives,
priorities, and SWOT
analysis begins for
new portal
120 Days
•New Transparency
Portal Design
Prototype Presented
to Council
6
Begin Certified Municipal Treasurer Training
January 2014
7. Certified Municipal Treasurer Training
• A Certified California Municipal Treasurer (CCMT) is a post-
nominal professional certification awarded by the California
Municipal Treasurers Association(CMTA) to California public
treasurers who meet standards
of education, experience and a stated commitment to
a code of ethics. It was created in 1978 to provide a
professional standard of financial expertise and ethics in
California government treasury.
• It provides a framework for municipal treasurers in
improving performance through continuing education and
become valued administrators in local government. A CCMT
is a professional treasurer who is qualified to meet the
challenges of a job that is becoming more and more
complex in the environment of public finance.
8. CCMT Designation Timeline
• December 2013, Enrolled Applied for Marcus
Woodward Scholarship
• Essentials of Treasury Management
Workshop
Intense training covering the basic
concepts and practices of investing public
funds. The workshop format is designed for
new treasurers with top-notch training in
treasury fundamentals.
• Two Year Certification Program
9. Action Items
• City Council Input Needed
• What Would You Like to
Add?
• Public Input Required
• What Do They Need, They
Are The Stakeholders
• Financial Data Is First
• Treasurer Budget Needed
• Agree to Ad Hoc
Committee for
Transparency
• Include Stakeholders,
Take Applications
• Committee Lead,
Objectives Need to Be
Established
• How Will We Know We
Are Successful
