Request for Proposals for Treasury and Investment Advising Services

The City of Malibu (“City”) is seeking proposals from qualified consultants to service as the City Treasurer. The City of Malibu (City) is a coastal city located in the northwestern portion of Los Angeles County, California, along 21 miles of the Pacific Ocean and has a population of approximately 10,604. The City hosts approximately 15 million visitors a year. The City is a general law city incorporated under California law in 1991. It operates under the Council/Manager form of government and is considered a contract city. The five Members of the City Council are elected at-large and serve staggered four-year terms, with the Mayor being selected from among the Councilmembers on a rotational basis. The City offers a full range of municipal services and currently has 113 full-time employees and 15.58 full-time equivalent part-time employees. The City, organized into six departments, provides a number of services in-house, including management and administrative services, public safety, building and safety, community services, environmental sustainability, planning, public works and engineering.

The City’s Adopted Fiscal Year 2025-26 General Fund Operating Budget for ongoing expenditures is $89.1 million, and the City’s Total Expenditure Budget is $110.3 million. For further information, City’s past years ACFRs and adopted budgets are located on the City’s website at: https://www.malibucity.org/315/Budgets . The City also has adopted financial policies that govern City investments (attachment 1).

The City is seeking a qualified firm to serve as the City Treasurer. The City Treasurer is appointed by the City Council in accordance with Malibu Municipal Code Section 2.16.010. The City Treasurer shall be responsible for the safe deposit of all moneys in the custody of the City and shall perform all the duties prescribed by law and as may be assigned by the City Council. Given the City’s current fiscal position, the City may not be able to utilize all of these services in the near term; however, the City is seeking a firm with the ability to perform the tasks as needed. This scope will be performed remotely, with virtual coordination and communication as needed to fulfill the scope of work.