What investment strategy do you intend to follow through these turbulent financial times?
The primary responsibility of the city treasurer is preserving the principal funds of the taxpayers of the city of Glendale. The secondary responsibility is ensuring liquidity so that the current obligations of the city are met on time. And third is the return on the reserve funds that are governed by the policies adopted by the City Council.
I do intend to follow these conservative approaches to the investment strategies, and will recommend that foreign bankers acceptances, which are currently allowed by city policy, be removed from the list of acceptable investments for the city of Glendale.