San Carlos, CA

Financial Reports And Policies

Investment Strategy

Our investment priorities, in order, are safety, liquidity, and yield, while meeting its cash flow needs through prudent investment of unexpected cash.


Compliance with Policy

Historical cash flow trends are compared to current cash flow requirements on an ongoing basis. This ensures our investment portfolio will remain sufficiently liquid, positioning us to meet all reasonably anticipated operating requirements.

The Administrative Services Director is responsible for investing unexpected cash in our treasury, in accordance with the Municipal Code and under the authority granted by our City Council.

The investment of funds is directed by the goals of safety, liquidity and yield. The authority governing investments for municipal government is set forth in the California Government Code, Sections 53601 through 53659.


Financial Policies

In June 2008, the City Council approved financial policies formalizing longstanding practices that had been used in the past to prepare the budget. The policies were established to ensure that our finances are managed in a manner that will:

  1. Continue to provide for the delivery of quality services;
  2. Maintain and enhance service delivery as the community grows in accordance with the General Plan;
  3. Guarantee a balanced budget annually, ensuring we always live within our means; and
  4. Establish reserves necessary to meet known and unknown future obligations.

TO VIEW PRIOR YEARS' FINANCIAL REPORTS

To view prior years' budgets, quarterly and annual financial reports:     

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The Document Center provides easy access to public documents. Click on one of the categories below to see related documents or use the search function.

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QUARTERLY FINANCIAL REPORTS5 documents

  • FY 2023-24 Q3 Financial Report
    document Header FY 2023-24 Q3 Financial Report
  • FY 2023-24 Q2 Financial Report
    document Header FY 2023-24 Q2 Financial Report
  • FY 2023-24 Q1 Financial Report
    document Header FY 2023-24 Q1 Financial Report
  • FY 2022-23 Q3 Financial Report
    document Header FY 2022-23 Q3 Financial Report
  • FY 2022-23 Q2 Financial Report
    document Header FY 2022-23 Q2 Financial Report

QUARTERLY INVESTMENT REPORT5 documents

  • FY 2023-24 Q3 Investment Report
    document Header FY 2023-24 Q3 Investment Report
  • FY 2023-24 Q2 Investment Report
    document Header FY 2023-24 Q2 Investment Report
  • FY 2023-24 Q1 Investment Report
    document Header FY 2023-24 Q1 Investment Report
  • FY 2022-23 Q4 Investment Report
    document Header FY 2022-23 Q4 Investment Report
  • FY 2022-23 Q3 Investment Report
    document Header FY 2022-23 Q3 Investment Report

FINANCIAL REPORTS3 documents

  • Long Term Financial Plan
    document Header Long Term Financial Plan
  • FY 2022-2023 Annual Comprehensive Financial Report
    document Header FY 2022-2023 Annual Comprehensive Financial Report
  • FY 2021-2022 Annual Comprehensive Financial Report
    document Header FY 2021-2022 Annual Comprehensive Financial Report

FINANCIAL POLICIES4 documents

  • FY2024 Investment Policy
    document Header FY2024 Investment Policy
  • FY2023 Financial Policies
    document Header FY2023 Financial Policies
  • Debt Management Policy
    document Header Debt Management Policy
  • Debt Disclosure Procedures Policy
    document Header Debt Disclosure Procedures Policy

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