Project Information

Bid Title

Request for Proposals for Treasury and Investment Advising Services

Issuing Agency

City of Malibu

Location

California

Published Date

Mar 19, 2026

Closing Date

Apr 24, 2026

Government Level

State & Local

Status

Closed

Original Source

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Bid Documents

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Project Description

Bid Title:	Request for Proposals for Treasury and Investment Advising Services
Category:	Professional Consulting
Status:	Open

Description: 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. Publication Date/Time: 2/19/2026 12:00 PM Closing Date/Time: 4/24/2026 4:00 PM Submittal Information: Electronic File to be Submitted - citymanager@malibucity.org Contact Person: Cynthia Alba, (310) 456-2489 ext. 232 or citymanager@malibucity.org. Download Available: Yes Fee: NA Plan & Spec Available: None Qualifications: See RFP Special Requirements: Electronic technical proposals shall be submitted to citymanager@malibucity.org. Miscellaneous: All questions regarding the RFP must be submitted in writing to Cynthia Alba, Senior Management Analyst, citymanager@malibucity.org. Related Documents: Treasury Services RFP 2.19.26 Treasury RFP - Addendum 1 Treasury RFP - Addendum 2

Attachment Preview

Request for Proposals for

Treasury and Investment Advising Services

Proposals must be received no later than 4:00 p.m. on

Friday, March 20, 2026, via email:

calba@malibucity.org

Cynthia Alba

Senior Management Analyst

City of Malibu

City Manager’s Office

23825 Stuart Ranch Road

Malibu CA, 90265

Date Issued: February 19, 2026

BACKGROUND

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.

PRELIMINARY SCOPE OF SERVICES

The selected firm shall serve as the City Treasurer and perform the duties of City

Treasurer including but not limited to the following tasks:

Core Treasurer Responsibilities

1. Serve as a proactive financial partner to City staff by monitoring inflows, outflows,

and short‑term cash needs.

2. Be responsible for the safe deposit of all moneys in the custody of the City.

3. Conduct periodic review of surplus cash investments in accordance with City

Council adopted investment policies.

4. Review warrant registers.

5. Review of Receipts and Disbursement Schedules.

6. Prepare monthly investment reports.

7. Review City Budget.

City of Malibu

RFP for Treasury and Investment Services

2026

Page 3 of 9

8. Review monthly bank reconciliations.

9. Review annual independent audit and other audits as requested.

10. Conduct annual review of banking services.

11. Attend Investment Advisory Committee or City Council meetings as necessary.

12. Coordinate with City Manager, Assistant City Manager, and Financial Controller

on City financial matters.

13. Report to the City Council as required.

14.Other duties as approved by the City Council.

Cash Management and Treasury Operations

15. Provide active, ongoing review of cash balances, bank accounts, liquidity

positions, and treasury operations.

16. Conduct routine monitoring of all City bank accounts, ensuring accuracy,

security, and compliance with the City’s banking services agreement.

17. Provide alerts and recommendations regarding unusual activity, account

structure optimization, or opportunities to reduce banking costs.

18. Advise on the timing of transfers, withdrawals, and investment purchases or

liquidations to maximize interest earnings while protecting liquidity.

19. Enhanced Internal Control & Financial Operations Support: Conduct detailed

review of both check-cutting functions and bank reconciliations, ensuring

accuracy, segregation of duties, and strong internal controls.

20. Recommend improvements to strengthen fraud prevention, financial

transparency, and operational reliability.

Investment Policy, Strategy, and Market Monitoring

21. Perform a comprehensive annual review of the City’s Investment Policy.

22. Assist the City in developing a fully revised investment policy that is modern,

compliant, and tailored to City objectives.

23. Continually monitor market conditions and circumstances and report on any

recommended changes to policies, strategies, and specific positions. Propose

additional updates based on industry best practices, regulatory changes, and

risk‑management considerations.

Financial Forecasting and Long-Term Planning

24. Conduct interest forecasting, including:

a. Short-term rate projections

b. Multi‑year interest rate forecasting

c. Sensitivity analysis to support financial planning and long‑term modeling

25. Provide multi‑year financial forecasting to support budget development, capital

planning, and long‑term fiscal strategy.

City of Malibu

RFP for Treasury and Investment Services

2026

Page 4 of 9

26. Support the City in developing, reviewing, and updating fund balance policies,

including minimum reserve requirements, emergency reserves, disaster

contingencies, and stabilization targets.

27. Ensure the City is financially prepared to respond to emergencies or disasters,

including advising on accessible liquidity, short-term borrowing strategies, and

the sequencing of available funds.

Professional Qualifications and Independence Requirements

28. Designation as a Certified Public Accountant or Certified Public Finance Officer is

desirable

29. Be an independent Investment Advisor, registered as such with the Securities

and Exchange Commission (SEC) or the State of California, and must not act as

a broker/dealer.

30. Be independent of any financial institution or securities brokerage firm or shall

fully disclose any relationships with such financial institution and/or securities

brokerage firm relevant to the firm’s relationship with the entity.

31. Have no record of unsatisfactory performance as evidenced by complaints filed

with the SEC or any federal or state agency with jurisdiction over the services

provided by the firm.

PROPOSAL SUBMITTAL GUIDELINES

The City is requiring all proposals submitted in response to this RFP to follow a specific

format. A cover letter guarantee that key personnel, or equally qualified replacements,

will be committed to perform the required tasks throughout the duration of the contract.

A cost schedule shall be included with the proposal submittal. One electronic copy of the

technical qualifications and cost proposal will be required with each submission having

been signed by the company official with the power to bind the company in its proposal.

Technical Qualifications and Cost Proposals shall be submitted electronically to

calba@malibucity.org, and must be received no later than 4:00 p.m. on Friday, March

20, 2026. Proposals may be withdrawn prior to the established date and time. No

extensions will be granted.

All Technical Qualifications and Cost Proposals will become the property of the City of

Malibu and will be made available for public inspection after an award is made or rejected.

TECHNICAL QUALIFICATIONS/COST PROPOSAL FORMAT

The Technical Qualifications shall be organized in the following sections to facilitate

review by the City. Consultants shall adhere to the page limit stated below. If additional

City of Malibu

RFP for Treasury and Investment Services

2026

Page 5 of 9

information is needed, it may be included in the Appendix. However, due to time

constraints, the City may not be able to review the items in the Appendix as thoroughly

as Sections a. through f.

Technical Qualifications shall be limited to a total maximum of fifteen (15) double sided

pages or thirty (30) single sided pages, all letter size. This total page limit may be split

across the Section a through f as deemed appropriate by the consultant. Large format

pages, including 11” x 17” pages, will be counted as two (2) pages.

Technical Qualifications shall include the following:

a. Cover Letter/Executive Summary

Provide a cover letter/executive summary emphasizing the strong points of the

project team, qualifications, and experience. The cover letter/executive summary

shall include the name, address, telephone number, title and signature of the firm’s

contact person for this proposal, and state that the submittal is valid for 150 days.

The cover letter constitutes certification by the consultant, under penalty of perjury,

that the consultant complies with nondiscrimination requirements of the State and

the Federal Government. The cover letter/executive summary shall also include a

statement by the consultant informing the City whether or not they have any

exceptions with the City’s terms and contract conditions stated in this RFP,

including, but not limited to, insurance and the Agreement for Professional

Services, and stating that only those exceptions noted in the consultant’s proposal

will be subject to discussion and negotiation with the City. The cover

letter/executive summary shall be signed by a person with the official authority to

bind the company. An unsigned proposal or one signed by an individual

unauthorized to bind the consultant may be rejected.

b. Experience of Firm(s) and Individuals

Provide a summary of the company’s qualifications, credentials and related past

experience. List up to five (5) experiences consistent with the Preliminary Scope

of Work. Preferably with public agencies. The references should include the start

date of the project and the date of completion for each project.

Include summary descriptions of the company’s (or companies’) and

individuals’ applicable experience, and resumes detailing their experience

with the scope above. Detailed resumes highlighting experience pertinent

to this project should be provided in an Appendix. These resumes will not

be counted in the page limit.

Commodity Codes

• NAICS 541611Administrative Management and General Management Consulting Services

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