Association of Public Treasurers of the United States and Canada

Last updated
Association of Public Treasurers of the United States and Canada
AbbreviationAPTUSC
Formation1967
Legal statusAssociation
PurposeGovernment Treasury in the United States and Canada
Headquarters Flag of Maryland.svg Silver Spring, Maryland
Membership
Municipal Treasurers of
Flag of the United States.svg United States and
Flag of Canada (Pantone).svg Canada
Officers:
President:
Ernie O'Dell, CPFA,
City Treasurer,
City of Redondo Beach, California

President-Elect:
Dana Kavander, CPA, CFE, CIA, CPFA, CPFIM,
Director of Finance,
City of Berea, Ohio
Vice President:
Henry Young III, CPFA, CPFIM
Deputy Director of Finance, Birmingham, Alabama
Treasurer:
Shari Freidenrich, CPFA, CPA, CMTA, CPFIM,
City Treasurer,
City of Huntington Beach, California

Contents

Secretary:
Tumiko Rucker, CPFA, CPFIM,
Town Administrator,
Kiawah Island, South Carolina
Affiliations Flag of California.svg California Municipal Treasurers Association

Flag of Maine.svg Maine Municipal Tax Collectors and Treasurers Association - (MMTCTA)
Flag of Michigan.svg Michigan Municipal Treasurers' Association - (MMTA)
Flag of Ohio.svg Ohio Association of Public Treasurers - (OAPT)
Flag of Texas.svg Government Treasurers' Organization of Texas - (GTOT)

Flag of Virginia.svg Virginia Treasurers' Association – (TAV)
Website http://www.aptusc.org

Association of Public Treasurers of the United States and Canada (APTUSC) is the professional society of active public treasurers of counties, provinces, cities, and special districts in the United States and Canada. It sets ethical standards for the treasury profession in state and local government.

The treasurer of 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.

Membership role

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.

Many Treasurers are elected, and are therefore directly accountable to their constituents; the remainder are appointed either by City Council or City Manager.

Professional standards setting

APTUSC offers a Certified Public Finance Administrator (CPFA) certification program. CPFA 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. [1] CPFA 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.

Training and education in municipal treasury

APTUSC has technical and professional committees that deal with issues facing treasurers, their agencies and the public. APTUSC also provides web-based technical support resources, educational material, conferences and technical publications for its members. APTUSC's annual conferences provide an array of education across many topics and are held annually between various locations. The association conducts workshops to provide training and education on investments, cash management, bond sales, management skills, communications, and legislation.

Code of Ethics

The following Code of Ethics, governing the professional conduct of active members of the California Municipal Treasurers Association, [2] sets a standard of conduct in government finance:

  1. Purpose - This Code of Professional Ethics ensures a uniform adherence to the Association's longstanding policies related to legal, moral and professional standards of conduct. This code also informs the public at large as to how the Association approaches matters involving ethics. The principles set forth in this code shall govern the conduct of all members of APTUSC.
  2. Fiduciary Responsibility - A member shall exercise prudence and integrity in the management of funds in their custody and in all financial transactions for which they are responsible.
  3. Responsibility as Public Officials - A member shall adhere to concepts of effective and efficient local government service being provided by elected and appointed Public Treasurers. A member shall conduct himself or herself at all times in a manner which serves the public interest and maintains the good reputation of the profession. A member shall uphold the letter and spirit of the law and report violations of the law to the appropriate authorities.
  4. Professional Development - A member shall observe professional technical standards and continually strive to acquire knowledge and improve levels of competence in Treasury management. A member shall strive to enhance the competence of colleagues and encourage those seeking to enter the field of Public Treasury.
  5. Professional Integrity – Information - A member shall respect and protect privileged information. A member shall conduct government openly so the public may make informed judgments and hold public officials accountable. A member shall be sensitive and responsive to inquiries from the public and the media.
  6. Professional Relationships - A member shall maintain the highest ideals of honor, integrity, and objectivity in all professional relationships.
  7. Conflict of Interest - A member shall not seek any favor or accept any personal gain which would influence, or appear to influence, objectivity or conduct of official duties.
  8. Member Misconduct - The Association shall not accept or condone unethical conduct under any circumstances. A member found by the Board of Directors to be in violation of any provision of this Code of Ethics shall be expelled from membership for a length of time to be determined by the Board and, if the member holds the designation of CPFA, such designation shall be revoked.

See also

Related Research Articles

<span class="mw-page-title-main">United States Department of the Treasury</span> United States federal executive department

The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States, where it serves as an executive department. The department oversees the Bureau of Engraving and Printing and the U.S. Mint. These two agencies are responsible for printing all paper currency and minting coins, while the treasury executes currency circulation in the domestic fiscal system. The USDT collects all federal taxes through the Internal Revenue Service; manages U.S. government debt instruments; licenses and supervises banks and thrift institutions; and advises the legislative and executive branches on matters of fiscal policy. The department is administered by the secretary of the treasury, who is a member of the Cabinet. The treasurer of the United States has limited statutory duties, but advises the Secretary on various matters such as coinage and currency production. Signatures of both officials appear on all Federal Reserve notes.

A city manager is an official appointed as the administrative manager of a city, in a "Mayor–council government" council–manager form of city government. Local officials serving in this position are sometimes referred to as the chief executive officer (CEO) or chief administrative officer (CAO) in some municipalities.

<span class="mw-page-title-main">Treasurer of Australia</span> Australian government minister in charge of economic policy

The treasurerof Australia, also known as the Federaltreasurer or simply the treasurer, is the minister of state of the Commonwealth of Australia charged with overseeing government revenue collection, federal expenditure and economic policy as the head of the Department of the Treasury. The current treasurer is Jim Chalmers, who was appointed by Prime Minister Anthony Albanese in May 2022 following the 2022 Australian federal election.

<span class="mw-page-title-main">Municipal government of Toronto</span> Local government of the City of Toronto

The municipal government of Toronto is the local government responsible for administering the city of Toronto in the Canadian province of Ontario. Its structure and powers are set out in the City of Toronto Act.

Engineering ethics is the field of system of moral principles that apply to the practice of engineering. The field examines and sets the obligations by engineers to society, to their clients, and to the profession. As a scholarly discipline, it is closely related to subjects such as the philosophy of science, the philosophy of engineering, and the ethics of technology.

<span class="mw-page-title-main">Oklahoma State Treasurer</span>

The State Treasurer of Oklahoma is the chief custodian of Oklahoma’s cash deposits, monies from bond sales, and other securities and collateral and directs the investments of those assets. The treasurer provides for the safe and efficient operation of state government through effective banking, investment, and cash management. The state treasurer has the powers of a typical chief financial officer for a corporation.

<span class="mw-page-title-main">State auditor</span> Executive officer of a U.S. state

State auditors are fiscal officers lodged in the executive or legislative branches of U.S. state governments who serve as external auditors, financial controllers, bookkeepers, or inspectors general of public funds. The office of state auditor may be a creature of the state constitution or one created by statutory law.

A Certified Government Financial Manager (CGFM) is a professional certification issued by the Association of Government Accountants (AGA) in the United States. It was created in 1994 to provide a professional standard of financial expertise and ethics in government and a standard by which government financial management professionals are measured. Its education, experience and ethics requirements have served to elevate the most seasoned financial professionals.

Sangguniang Panlalawigan, commonly known as the Provincial Board, are the legislatures in Philippine provinces. They are the legislative branches of the provinces, and their powers and responsibilities are defined by the Local Government Code of 1991. Along with the provincial governor, the executive branch of the province, they form the province's government.

<span class="mw-page-title-main">Pennsylvania Treasurer</span> Head of the Pennsylvania Treasury Department

The Pennsylvania State Treasurer is the head of the Pennsylvania Treasury Department, an independent department of state government. The state treasurer is elected every four years. Treasurers are limited to two consecutive terms.

<span class="mw-page-title-main">Institute of IT Professionals</span>

The Institute of IT Professionals (IITP) is a non-profit incorporated society in New Zealand. As New Zealand's ICT professional body, the IITP exists to promote education and ensure a high level of professional practice amongst ICT professionals. Before July 2012, IITP was known as the New Zealand Computer Society Inc (NZCS).

International City/County Management Association is an association representing professionals in local government management. It is based in Washington, D.C., USA.

California Municipal Treasurers Association (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.

A Certified California Municipal Treasurer (CCMT) 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.

The municipal treasurer is a position of responsibility for a municipality according to the locally prevailing laws. The treasurer of a public agency is elected by the voting public or is appointed by the municipal council or municipal manager. City treasurers are primarily responsible for managing the revenue and cash flow of the agency, banking, collection, receipt, reporting, custody, investment or disbursement of municipal funds.

The California Society of Municipal Finance Officers is a professional association of state, county, and local government finance officers in California. The California Society of Municipal Finance Officers is the statewide organization serving all California municipal finance professionals, an affiliate of the nationwide Government Finance Officers Association (GFOA). Membership is open to anyone in the State of California actively engaged in government finance in any city, county, or special district.

The Government Finance Officers Association of Texas is a professional association of state, county, and local government finance officers in Texas. The Government Finance Officers Association of Texas is the statewide organization serving all Texas municipal finance professionals, an affiliate of the nationwide Government Finance Officers Association (GFOA). Membership is open to anyone in the State of Texas actively engaged in government finance in any city, county, or special district. Its stated mission is to enhance the quality of local government finance, to assist and support local government finance professionals in Texas, and to promote the public service profession. GFOAT members are actively involved in the key issues facing cities, counties, and special districts in the State of Texas.

<span class="mw-page-title-main">CFA Council of India</span>

The CFA Council of India was established by The ICFAI University, Tripura as a constituent body for the development and regulation of the CFA Profession on sound ethical lines. All the CFAs from the ICFAI University, Tripura are eligible to become members of the Council. All members are required to abide by the code of ethics of the Council.

<span class="mw-page-title-main">Municipal Technical Advisory Service</span>

The Municipal Technical Advisory Service (MTAS) is an agency of the University of Tennessee Institute for Public Service (IPS) that provides assistance and training to municipal officials and employees in Tennessee, among them mayors, council members, city managers, city administrators, city recorders, and department heads.

<span class="mw-page-title-main">Office des professions du Québec</span>

The Office des professions du Québec, abbreviated to abbreviation OPQ, is an autonomous and extrabudgetary governmental organization with a defined mandate by the Professional Code of Quebec. The OPQ reports to the Minister of Justice, who is, by Order in Council, the Minister responsible for the administration of professional legislation. The OPQ is a Quebec body responsible for ensuring that the professions are exercised and develop by offering the public a guarantee of competence and integrity.

References

  1. "APTUSC Code of Ethics" (PDF). Archived from the original (PDF) on 2007-08-20. Retrieved 2009-06-11. Retrieved 2009-06-10
  2. "APTUSC Website" (PDF). Archived from the original (PDF) on 2007-08-20. Retrieved 2009-06-11. Retrieved 2009-06-10