Treasury Oversight Committee Notices




  • (a) Establishment. A Treasury Oversight Committee for the City and County of San Francisco (referred to hereafter in this Chapter as "Committee") is hereby established as an advisory body to the Treasurer. The Committee shall consist of five members. The members of the Committee shall be nominated by the Treasurer and confirmed by and serve at the pleasure of the Board of Supervisors.

    (b) Purpose. The Committee is established to involve depositors of funds into the City and County Treasury in reviewing the policies for investment of surplus funds that guide the management of their funds and to enhance the security and investment return on those funds by providing a more stable and predictable balance for investment by establishing criteria for the withdrawal of funds.

    (Added by Ord. 316-00, File No. 001911, App. 12/28/2000)

SEC. 10.80-2. DUTIES

The duties of the Committee shall be the following:

  • (a) Review and monitor the investment policy described in Government Code Section 27133 and annually prepared by the County Treasurer;

    (b) Cause an annual audit to be conducted to determine the Treasurer's compliance with Government Code Article 6 including Sections 27130 through 27137 and with this ordinance. The audit may examine the structure of the investment portfolio and risk;

    (c) Nothing herein shall be construed to allow the Committee to direct individual decisions, select individual investment advisors, brokers, or dealers, or impinge on the day-to-day operations of the Treasurer.

    (Added by Ord. 316-00, File No. 001911, App. 12/28/2000; amended by Ord. 291-10, File No. 101099, App. 11/18/2010)


  • (a) The Committee shall consist of members drawn from the following:
    • (1) The County Treasurer;
      (2) The County Controller;
      (3) A representative appointed by the Board of Supervisors;
      (4) The County Superintendent of Schools or his/her designee;
      (5) The Chancellor of the Community College District or his/her designee;
      (6) Members of the public:
      • (A) A majority of which shall have expertise in, or an academic background in, public finance, and
        (B) The combination of who shall be economically diverse and bipartisan in political registration.

    (b) Conditions for Membership.

    • (1) A member of the Committee may not be employed by an entity that had contributed to a reelection campaign of the Treasurer or a member of the Board of Supervisors in the previous three years.
      (2) A Committee member may not directly or indirectly raise money for the County Treasurer or a member of the Board of Supervisors while a member of the Committee.
      (3) A Committee member may not secure employment with bond underwriters, bond counsel, security brokerages or dealers, or with financial services firms for three years after leaving the Committee.

(Added by Ord. 316-00, File No. 001911, App. 12/28/2000)


Each member of the Committee shall serve for a term of four years.

(Added by Ord. 316-00, File No. 001911, App. 12/28/2000)

SEC. 10.80-5. COSTS

The cost of complying with the requirements of this ordinance, including the cost of establishing and maintaining the Committee and of the audit shall be County charges and may be included with those charges enumerated under Government Code Section 27013.

(Added by Ord. 316-00, File No. 001911, App. 12/28/2000) 


Agendas, Meeting Minutes and Meeting Materials

Previous Meeting Materials


City Hall, 1 Dr. Carlton B. Goodlett Place, is wheelchair accessible. The closest accessible BART Station is Civic Center, three blocks from City Hall. Accessible MUNI lines serving this location are: #47 Van Ness, and the #71 Haight/Noriega and the F Line to Market and Van Ness and the Metro stations at Van Ness and Market and at Civic Center. For more information about MUNI accessible services call 923-6142.

There is accessible parking in the vicinity of City Hall at Civic Center Plaza and adjacent to Davies Hall and the War Memorial Complex.

The following services are available when requests are made by 12:00 p.m. of the Friday before the Committee meeting. Providing at least 48 hours' notice will help to ensure availability. For American Sign Language interpreters, use of a reader during a meeting, sound enhancement system, or for a large print copy of agenda or minutes in alternative formats, call (415) 554-7500.

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The ringing of and use of cell phones, pagers and similar sound-producing electronic devices are prohibited at this meeting. Please be advised that the Chair may order the removal from the meeting room of any person(s) responsible for the ringing or use of a cell phone, pager, or other similar sound-producing electronic devices.


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