Out of sight utilities can easily be forgotten, how we operate and manage our funds is not something most people think of on a regular basis. But that’s not the case for us. The Orange County Sanitation District (OCSD) always makes decisions with the rate payers in mind.

That is why we are proud to announce that we have received an Investment Policy Certification by the California Municipal Treasurers Association (CMTA). CMTA is the professional society of active public treasurers of California counties, cities, and special districts. It sets ethical standards for the treasury profession in state and local government in California.

Receiving this certification reassures us that we are providing the best quality, service, and transparency to the community.

To receive certification, OCSD’s policy must adhere with the State of California Government Code and meet the program requirements within 18 different topic areas deemed to be best practices for investment policies.

1. Scope
2. Prudence
3. Objective
4. Delegation of Authority
5. Ethics and Conflicts of Interest
6. Authorized Financial Dealers and Institutions
7. Authorized and Suitable Investments
8. Review of Investment Portfolio
9. Investment Pools/Mutual Funds
10. Collateralization
11. Safekeeping and Custody
12. Diversification
13. Maximum Maturities
14. Internal Controls
15. Performance Standards
16. Reporting
17. Investment Policy Adoption
18. Glossary

Now that we’ve checked off all those boxes, head on over to www.ocsd.com/about-us/financials and take a closer look at all the good work we’re doing for less than a dollar a day.

And don’t forget to follow us on Facebook, Twitter, and Instagram @OCSewers.