Debt and Investments

The Debt and Investments and Cash Management unit of the Administrative Services Department is responsible for three main functions related to the City's financial management.


Debt Management

Work with City departments in the issuance of new City debt including:

  • coordination of bond issuance process, 
  • oversight of credit rating agency and investor relations,
  • recommending investment strategies for debt proceeds,
  • maintaining required financial disclosure reports, and
  • reporting of debt activities.


Ratings information - Publicly-Traded Debt Issued through City of Stockton and Related Agencies

Capital Financing and Debt Management Policy


Investment Management

Work with External Portfolio Manager on:

  • investment strategy development, 
  • trade execution, 
  • credit review, and 
  • compliance activities.


Investment Policy


Cash Management

Oversee services including:

  • cash flow/liquidity forecasting, 
  • City's relationships with various financial services providers, and
  • development and implementation of citywide banking policies and services.


Internally, management of debt and investments based on cash management for deposit and receipt information upon which:

  • investment and cash flow determinations are made,
  • debt is paid, and
  • financial information is reported as required by federal, state and City laws and regulations.


IRMA Exception Letter 

By publicly posting the written disclosure contained in the link below, the City of Stockton intends market participants to receive and use it for purposes of the independent registered municipal advisor exemption to Rule 158 of the Securities and Exchange Commission regarding Registration of Municipal Advisors (SEC Municipal Advisor Rule).


SEC Municipal Advisor Rule - Evidence of IRMA Exemption



External Links

There are currently no external links.

This City of Stockton web page last reviewed on --- 3/14/2019