City of Burbank - Office of the City Treasurer

03/16/2022

We would like to inform the public that the City’s portfolio does not hold any investments in Russian assets. Additionally, the City does not currently invest in bonds issued by Russia, or any corporations organized and operating with Russia.

Burbank, CA (March 15, 2022) – In light of Russia’s invasion of Ukraine, the City of Burbank Treasurer’s Office would like to inform the public that the City’s portfolio does not hold any investments in Russian assets. Additionally, the City does not currently invest in bonds issued by Russi...

03/16/2022

SCAM ALERT – Official-looking City of Burbank checks are being reproduced and made payable to 3rd parties for thousands of dollars. These high-quality fraudulent reproductions seem legitimate and are circulating throughout the United States. Do not be fooled, authentic and official City of Burbank checks are payable upon presentation to any bank or financial institution and are authorized only by the signatures directly on the face of the check. If you have received a fraudulent check, or have concerns, please contact the City Treasurer’s office at (818) 238-5880.

City of Burbank - Office of the City Treasurer

01/21/2022

The Office of the City Treasurer is excited to partner with UME Credit Union to offer $50 for all new Burbank babies to jumpstart their savings!

https://myburbank.com/ume-savings-accounts-give-new-parents-in-burbank-a-jump-start-on-their-little-ones-nest-egg/

“One of our goals is to promote financial education in our community and we are excited to partner with UMe to provide Burbank residents this opportunity to teach their children the value of saving at a young age,” says Krystle Palmer, Burbank’s City Treasurer. “More than just a bank account, an early focus on long-term savings promotes discipline and financial literacy, which will help our children become successful in the future.”

10/26/2021

Registration for the Earthquake Brace + Bolt program opens tomorrow! Homeowners can get up to $3,000 toward a seismic retrofit for qualifying older houses.

Earthquake Brace + Bolt (EBB) was developed to help California homeowners lessen the potential for damage to their houses during an earthquake. Homeowners. The Earthquake Brace + Bolt programs provide grants for a specific building-code-compliant seismic retrofit for houses that qualify. Find out mo...

09/22/2021

National Child Identity Theft Awareness Day is this month! Did you know that identity theft also happens to children? Children are particularly vulnerable targets because most people would not even know they have been a victim of theft until after children turn 18 and attempt to establish credit.

One of the most effective ways to prevent theft is to freeze a child’s credit. Parents can do this for free by reaching out to the major credit bureaus and submitting the necessary forms. (see links below)

https://www.experian.com/help/minor-request.html

https://www.equifax.com/personal/education/identity-theft/freezing-your-childs-credit-report-faq/

https://www.transunion.com/credit-freeze/credit-freeze-faq -other?opt_id=oeu1632345639777r0.444270103584796

08/31/2021

With the economic uncertainty nowadays, it is more important than ever that we encourage financial literacy and long-term savings in our community. In the following months, we will be sharing financial tips and reminders to make sure we are doing our best to prepare for the future. Stay tuned!

08/02/2021

We are excited to share that for the first time in Burbank’s history, we are incorporating Environmental, Social, and Governance (ESG) guidelines in our investment policy.

While Safety, Liquidity, and Yield remain the City’s primary investment objectives, all else being equal, the City encourages investments in entities that support the betterment of communities and positively impact society.

1. We encourage investments in entities that promote environmental stewardship, taking into account climate change, carbon emissions, pollution, biodiversity, deforestation, and food and water waste

2. We encourage investments in entities that value health and safety, including clean air and water, nutrition and human health, and protections for life, resources, and property

3. We encourage investments in entities that support fairness and treating people equally without discrimination related to s*x, race, age, disability, color, religion, veteran status, genetic information, and other protected classes

4. We encourage investments in entities that provide customer satisfaction through high quality products, excellent service, value for money, and community relations initiatives

5. We encourage investments in entities that uphold good governance and respect for the law, through proper internal policies and controls, transparency, and protections for stakeholder rights

6. We encourage impact investing in the Burbank community through local banks and credit unions that can provide funds to homeowners and small businesses

7. No investments are to be made in bonds issued by foreign countries or foreign corporations that support terrorism and genocide

Burbank, CA (July 23, 2021) – On June 8, 2021, the Burbank City Council approved the 2021 Investment Policy which, for the first time in Burbank’s history, outlines considerations for Environmental, Social, and Governance (ESG) responsibilities.

07/13/2021

Did you know that the City Treasurer is responsible for investing Burbank's portfolio to generate returns that help fund our city's services?

According to our May 2021 Treasurer's Report, the City of Burbank has $479 Million in investments.

If you are interested in learning more about where we invest, click on the link below!

Monthly reports are provided to the City Council, City Manager, Financial Services Director, Burbank Water and Power General Manager, CFO Burbank Water and Power and members of the Treasurer’s Oversight Review Committee. These reports are all available as PDF files.

07/06/2021

Welcome to our page! Please follow us for more information about the Office of the City Treasurer and how we work for our Burbank community!