Investment Auditor for Compliance Review

The Treasurer Program is responsible for the receipt, custody, and investment of all monies placed in the County treasury for all County departments, schools, cities and special districts. Moreover, this division oversees all banking operations and the County Investment Pool. The primary objective of this division is to preserve principal, consistently maintain sufficient liquidity to meet the financial needs of the County at all times and earn a reasonable rate of return.

The Treasurer's Office seeks by way of this request for proposal (RFP) to obtain competitive proposals from all qualified/experienced investment auditors who have knowledge and expertise with providing investment compliance auditing services, or similar services indicated and can serve as a consultant for the San Mateo County Treasurer’s Office. Specifically, the consultant will provide an independent and objective review of month-end portfolio holdings to ensure investments are always in compliance with our investment policy for the Treasurer’s Office. The service provider must have the best understanding of the Treasurer’s investment pool and policy, prior extensive experience and history with our portfolio, and deep understanding of the industry for the best interest of the County and the Treasurer’s Office.

Agencies or individuals must be able to show that they are capable of performing the services requested. Such evidence includes, but is not limited to, the respondent's demonstrated competency and experience in delivering services of a similar scope and type and local availability of the respondent’s personnel and equipment resources.

The tentative target start date and term for the proposed services is April 2025 through June 2028 with an option to renew for two (2) additional years, subject to negotiation of a final agreement. Respondents must demonstrate the ability to provide services beginning on April 1, 2025, or within reasonable time given start-up needs that are well justified in their quote.

Respondents should submit only one quote but may be a participant on more than one response.