HUNTINGTON BEACH : Treasurer to Speak on Investment Policies
City Treasurer Donald L. Watson will make a presentation to council members at a workshop Monday about the city’s investment policies.
“We just want our treasurer to go over our investment policies . . . so we have a clear idea on how our money is invested and to ensure that we have safe investments,” said Councilwoman Shirley S. Dettloff, who suggested the workshop in response to the Orange County bankruptcy.
“We have a new era where all public officials are going to be held accountable,” Dettloff said. “We owe it to our constituency to understand what our financial and investment policies are.”
The meeting begins at 6:30 p.m. in the Council Chambers at City Hall, 2000 Main St.
Watson said he will propose revisions to the city’s investment policy to make it easier to understand.
The proposals include the creation of a citizens investment advisory board, which would review city investments to make sure they conform with the policy, Watson said.
Information: the city clerk’s office, (714) 536-5227.
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