News Flash

2022 - Home

Posted on: May 24, 2023

CMTA Certifies City Investment Policy

CMTA logo

(Sacramento, California) – The California Municipal Treasurers Association (CMTA) Investment Policy Certification has been granted to the City of Tehachapi.  

 This Investment Policy Certification recognizes that CMTA has validated that the City of Tehachapi’s Investment Policy adheres with the State of California Government Code and meets the program requirements within 18 different topics areas deemed to be best practices for investment policies.  Those topics include: Scope, Prudence, Objective, Delegation of Authority, Ethics and Conflicts of Interest, Authorized Financial Dealers and Institutions, Authorized and Suitable Investments, Review of Investment Portfolio, Investment Pools/Mutual Funds, Collateralization, Safekeeping and Custody, Diversification, Maximum Maturities, Internal Controls, Performance Standards, Reporting, Investment Policy Adoption and Glossary.  Once a policy is received by CMTA, it is independently evaluated using a scoring matrix by three separate CMTA professionals.   When the agency receives a passing score, the Investment Policy earns the ‘Certified’ distinction.  

To enhance the municipal treasurer’s role, CMTA has developed a number of certification programs to reflect best practices and increase an individual’s knowledge of fixed income instruments. The Investment Policy Certification program began in 2012 with the support from the California Debt and Investment Advisory Commission.  It is open to all government agencies within the State of California including special districts, cities and counties.    

CMTA was founded in 1958 by a handful of Municipal Treasurers from both Northern and Southern California whose primary interest was to improve their function in local Government.   CMTA is a professional organization governed by active public officials who are representatives of their own local governmental units.

Facebook Twitter Email

Other News in 2022 - Home

Mountain Picture with the words Shop Tehachapi in front

Economic Development UP-date November

Posted on: November 28, 2023
Elevated Picture of a Shopping Center with binary code overlay

Economic Development UP-date October #1

Posted on: October 18, 2023
Sign Grant Program Text over aerial image of businesses

Economic Development UP-date September

Posted on: September 26, 2023
City Logo with Supports Small Business Arched Above

Economic Development UP-date August

Posted on: September 5, 2023
Visitor Graphic

Economic Development UP-date July #2

Posted on: August 15, 2023
graphic with a clothesline and two pictures of new storefronts on it

Economic Development UP-date July #1

Posted on: August 15, 2023
Economic Development UPdate June 23 over a map background

Economic Development UP-date June

Posted on: June 15, 2023
City of Tehachapi and Tehachapi PD logo on white background

Tehachapi Names New Police Chief

Posted on: April 25, 2023
Police Officer Speaks at Microphone

Officers and Dispatcher Recognized

Posted on: April 19, 2023
Slurry Seal Map

Road Construction Season Underway

Posted on: April 19, 2023
Interior of a wine tasting room with people at tables

Economic Development UP-date January #2

Posted on: January 31, 2023
Graphic for 2022 recap and 2023 Preview

Economic Development UP-date January

Posted on: January 10, 2023