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25-561: CMTA may refer to: California Manufacturers & Technology Association , a group of businesses founded in 1918 that works with state government to develop laws, regulations, and public policies. California Municipal Treasurers Association , a professional organization of California county, city, and special district public treasurers. Canadian Marine Transportation Administration , Canadian government entity, responsible for marine transportation Capital Metropolitan Transportation Authority ,

50-482: A course of education approved by CMTA – ½ point per instruction hour. Professional Experience and Training Requirement equivalent to employment as a Municipal Treasurer for 12.5 years, financial administrative position in local government or in corporate or private business for 25 years or a combination of several factors including board service on state and national treasury boards. Current active participation in CMTA

75-436: A priority of safety (first), liquidity (secondarily) and yield (last). Since there is an inverse relationship between risk and rate of return , the potential return is limited by the risk that public funds are permitted to take. The objective of municipal investments is to enhance the economic status of a given agency consistent with the prudent protection of the agency's investments. Agencies are required to create

100-799: A public agency is elected by the voting public or are appointed staff. Public treasurers are primarily responsible for managing the revenue and cash flow of the agency. This officer is also responsible for banking, collections of user fees such as utility usage and business licenses, and communicating financial performance and forecasts to the community. Members are treasurers of municipalities and other local government agencies, whether elected or appointed, having responsibility for collection, receipt, reporting, custody, investment or disbursement of municipal funds. Municipal funding sources are commonly property tax , sales tax , income tax , utility users tax (UUT), transient occupancy tax (hotel occupancy), and user fees such as licensing and permit fees. John Chiang

125-475: A public transit provider owned by the city of Austin, Texas. Central Maryland Transportation Alliance , a coalition of Baltimore area business, civic and nonprofit leaders intent on improving travel efficiency within Central Maryland. Certified Metabolic Typing Advisor , a professional certification for a diet-related holistic health care sub-speciality. Charcot-Marie-Tooth Association, which supports

150-533: A responsibility to citizens , taxpayers and voters to deliver informed stewardship in the investment of public funds ( taxes ). Additionally, treasury reporting must fund internal programs and fulfill budgetary requirements meeting expectations of governing city councils and boards of directors within approved financial policy guidelines. According to Benjamin Finkelstein, “On Main Street, political risk entails all

175-498: A standard for the profession . Those who have received the Certified California Municipal Treasurer (CCMT) have subjected themselves to review of their educational and experience. Whereas in the private sector , revenue generation and collection, banking and debt management are important to management and stockholders , in the public sector there is an element of safeguarding the public trust that

200-683: Is a post-nominal professional certification awarded by the California Municipal Treasurers Association (CMTA) to California public treasurers who meet standards of education , experience , and a stated commitment to a code of ethics . It was created in 1978 to provide a professional standard of financial expertise and ethics in California government treasury. It provides a framework for municipal treasurers in improving performance through continuing education and become valued administrators in local government . A CCMT

225-413: Is a professional treasurer who is qualified to meet the challenges of a job that is becoming more and more complex in the environment of public finance . A professional certification provides a degree of confidence that practitioners are adequately trained, educated and experienced to be prepared for financial challenges in the real world. Education , experience and ethics requirements serve as

250-522: Is a professional post-nominal awarded to a public treasurer who meets standards of education, experience and a stated commitment to a code of ethics . CCMT candidates must meet or exceed requirements in two areas; 50% educational standards and 50% experience and training requirements. Certification is also designed as a guide for municipal treasurers to become valued administrators in local government. CMTA has technical and professional committees that deal with issues facing treasurers, their agencies and

275-500: Is added. CCMT candidates must meet or exceed requirements in two areas; 50% educational standards and 50% experience and training requirements. Certification is also designed as a guide for municipal treasurers to become valued administrators in local government. Education Requirement: College or University degrees at Bachelor level in Public Administration, Accounting, Finance or related field or satisfactory completion of

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300-408: Is also maintained to support municipal treasurers. Standing Committees Financial Leadership is furthered by engaging in efforts to assist statewide finance officers to develop the skills and capabilities necessary to enable them to become organizational leaders as well as technical experts. The objective of municipal investments is to enhance the economic status of a given agency consistent with

325-628: Is required. CCMTs must be recertified every four years. Recertification is accomplished by a combination of treasury experience and a minimum of 40 hours of continuing education . The Office of the Treasurer is the only office in the Treasury Department that is older than the Department itself, as it was originally created by the Continental Congress in 1775. Michael Hillegas served as

350-542: Is the California State Treasurer . There are 480 California cities, 58 California counties about 3,400 special districts and school districts, each with independent fiscal stewardship. Many city treasurers are elected, and are therefore directly accountable to their constituents; the remainder are appointed either by city council or city manager. CMTA offers a Certified California Municipal Treasurer (CCMT) certification program, launched in 1978. CCMT

375-620: The Treasurer must be free to carry out official duties without interference. 9. To seek no personal advantage or gain as a result of the position occupied, or due to the commission of a questionable act. The worldwide credit market crisis on 2008 put states, cities and other bond-issuing government entities in jeopardy. California Treasurer Bill Lockyer and 19 municipal treasurers sought to work together, asking for an emergency Federal Reserve program to restore liquidity and help drive rates lower. Certified California Municipal Treasurer A Certified California Municipal Treasurer ( CCMT )

400-455: The bad things that can happen to elected officials and their appointees when they take risks – even reasonable risks – with taxpayer money and come up short.” The municipal treasurer does not have the public's permission to put public funds principal at risk , no matter how great the potential yield . Securities options, therefore, are limited by statute to the safest portion of the investment continuum. Public Treasury statutes mandate

425-454: The concepts of effective and efficient local government service being provided by elected and appointed Treasurers. 3. To maintain personal conduct in such a manner as will enhance the stature of the profession and its ability to serve the public. 4. To observe the profession's technical standards and continually strive to improve the Treasurers’ level of competence. 5. To be dedicated to

450-488: The development of new drugs to treat Charcot–Marie–Tooth disease . Christian Music Trade Association , an organization associated with the Christian music industry that focuses on traditional Gospel music, Southern Gospel music, and Contemporary Christian music. Engineering Firm based out of Louisville Kentucky. Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with

475-896: The first Treasurer of the United States and throughout the American Revolution until Congress created the Department of the Treasury on September 2, 1789 Steven Mnuchin is currently the United States Secretary of the Treasury . Bill Lockyer is the Treasurer of the State of California . There are 480 California cities, 58 California counties , and about 3,400 special districts and school districts, each with independent fiscal stewardship. Many City Treasurers are elected, and are therefore directly accountable to their constituents;

500-474: The highest ideals of honor, integrity, and objectivity in all public and professional relationships, and to function within existing legal guidelines. 6. To promote cooperation, good relations, bonds of friendship and mutual understanding among the membership. 7. To encourage the development of clear lines of communication between residents and elected officials, administrative officers and employees. 8. To resist encroachments upon areas of responsibility, as

525-527: The limits of this code. The following Code of Ethics, governing the professional conduct of active members of the California Municipal Treasurers Association, sets a standard of conduct in government finance: 1. To protect, preserve and maintain intact cash, investments and other assets placed in trust with the Treasurer on behalf of the residents of the community. 2. To promote principles of good government. To be dedicated to

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550-455: The prudent protection of the agency’s investments. Agencies are required to create a publicly reviewed investment policy, prepared in conformance with all pertinent existing laws of the State of California including California Government Code Sections 53600, et seq. This section of California Government Code defines permitted and prohibited investments. California public treasurers must abide within

575-506: The public. CMTA also provides web-based technical support resources, educational material, conferences and technical publications for its members. CMTA's annual statewide conferences provide an array of education across many topics and alternate annually between various northern and southern cities. The association conducts workshops to provide training and education on investments , cash management , bond sales, management skills , communications , and legislation . An on-line resource library

600-521: The remainder are appointed either by City Council or City Manager . Public treasurers are primarily responsible for managing the revenue and cash flow of a government agency . This officer is also responsible for banking, collections of user fees such as utility usage and business licenses, and communicating financial performance and forecasts to the community. The title may vary, such as finance director, chief financial officer or CFO, from agency to agency. Treasury has multiple constituencies, with

625-489: The title CMTA . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=CMTA&oldid=1252743932 " Category : Disambiguation pages Hidden categories: Short description is different from Wikidata All article disambiguation pages All disambiguation pages California Municipal Treasurers Association The treasurer of

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