The Treasury function manages the City's investment portfolio by receiving and safely keeping all money coming into the Treasury, in compliance with California Government Code Section 53601, and the City's annually adopted Investment Policy. The Treasurer's Investment Report is submitted to the City Council monthly and reflects the City's total invested cash, including the City's investments in the Investment Trust of California (CalTRUST) and the State of California Local Agency Investment Fund (LAIF).
For more information, please contact the Assistant Finance Director, David Lacy, at (760) 322-8361.
Treasurer's Investment Report 2020
Treasurer's Investment Report 2019
Treasurer's Investment Report 2018
Treasurer's Investment Report 2017
Does the City Owe You Money?
Unclaimed ChecksChecks issued by the City but not cashed within six (6) months of issue are considered Unclaimed Checks. The Finance Department holds these payments, which are not the property of the City, for three (3) years after the date of issue. After that time, pursuant to State of California Government Code Section 50050, the City is require to publish a public notice listing unclaimed amounts three (3) or more years past their issue date. We post this information in the local newspaper annually. We update the list on this website every six (6) months.
Click here to download a Claim Form for Unclaimed Checks.
Monetary sums held by the City and have remained unclaimed for a period of over three (3) years, will become property of the City of Palm Springs, in accordance with California Government Code Sections 50050-50056.
Any party of interest may, file a claim form for unclaimed funds (available below) with the Assistant Director of Finance. The Assistant Director of Finance may accept or reject the claim. If rejected by the Assistant Director of Finance, the party submitting the claim may, within 30 days of receiving notice of rejection, file and serve on the Assistant Director of Finance a verified complaint seeking to recover all, or a designated part, of the unclaimed funds.
Click here to download a Claim Form for Unclaimed Funds.