The Treasurer-Tax Collector’s Office processes cash, check, and electronic deposits for all County departments. Pursuant to Government Code 27000, the Treasury also provides investment services to all County departments and agencies as well as San Joaquin County’s community college, schools, and special districts. Selected investments are made within the parameters set forth by the California Government Code and the County’s Investment Policy with the objectives of safety, liquidity, and yield. The primary responsibility of the Treasury Division is the safekeeping of funds maintained in the pool program. The Investment Policy is reviewed annually by the County’s Treasury Oversight Committee and approved by the County Board of Supervisors.
By ordinance the Board of Supervisors established the Treasury Oversight Committee on March 19, 1996. The Treasury Oversight Committee allows local agencies, including school and special districts, as well as the public, to participate in reviewing the policies that guide the investment of public funds. Membership of the Treasury Oversight Committee consists of the Treasurer-Tax Collector, Auditor-Controller, Board of Supervisors (designee), Superintendent of Schools (designee), and School Council of Superintendents (representative).
The mandate for the existence of the Treasury Oversight Committee was suspended in 2004 by the State of California. Because the Treasury Oversight Committee serves an important function the County of San Joaquin has continued with the mandate. Members of the Treasury Oversight Committee do not receive any compensation for their services and meetings are held at least annually at the San Joaquin County Administration Building located at 44 N. San Joaquin Street Stockton, CA 95202.