(a) Establishment. A Treasury Oversight Committee (“Committee”) for the City and County of San Francisco (“City”) is hereby established as an advisory body to the Treasurer. The Committee shall consist of seven members, appointed as provided in Section 5.9-3.
(b) Purpose. The Committee is established to involve depositors of funds into the City Treasury in reviewing the policies for investment of surplus funds that guide the management of their funds and to enhance the security and investment return on those funds by providing a more stable and predictable balance for investment by establishing criteria for the withdrawal of funds.
(c) Limitation. Nothing in this Article IX shall be construed to allow the Committee to direct individual decisions, select individual investment advisors, brokers, or dealers, or impinge on the day-to-day operations of the Treasurer.
(Added as Sec. 10.80-1 by Ord. 316-00, File No. 001911, App. 12/28/2000; redesignated and amended by Ord. 119-18, File No. 180171, App. 5/17/2018, Eff. 6/17/2018)