CITY INVESTMENT POLICY CERTIFIED BY ORGANIZATION

The California Municipal Treasurers Association announced May 21 that it has certified the city of Tehachapi’s investment policy.

According to the association, the investment policy certification recognizes that it has validated that the city’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.

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.