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ASSOCIATION OF PUBLIC TREASURERS
UNITED STATES & CANADA
March 10, 2004
Mr. Paul S. Gibson, C.C.M.T.
City Treasurer
City of Palm Desert
73-510 Fred Waring Drive
Palm Desert, CA 92260-2578
Dear Mr. Gibson:
The Association of Public Treasurers of the United States and Canada is pleased to present the City of Palm
Desert, California with the Association's Investment Policy Certification. Members of the Association's
Investment Policy Certification Committee congratulate your government for its success in developing a
comprehensive written investment policy that meets the criteria set forth by the Association's Investment
Policy Certification Committee.
Our review of your investment policy is limited to the documentation submitted. The Certification is not a
guarantee against loss due to economic and market conditions or human behavior. Governments are
welcome to submit their investment policies for review on an annual basis. However, the Investment Policy
Certification Committee recommends that a certified government submit its investment policy once every
three years or sooner if major revisions are made to the existing policy.
The Association's Investment Policy Certification Committee Chairman, Ernie O'Dell, will be presenting
the Investment Policy Certification plaque to all recipients at the Association's 2004 Annual Conference,
August 8 - August 10. Your government will be recognized during the Awards Luncheon on Tuesday,
August 10.
As a treasury/financial officer from a government whose investment policy has been certified by the
Association, you are eligible to apply to become a reviewer for the Investment Policy Certification
Committee. Please contact the Association's headquarters at (202) 737-0660 or visit www.aphisc_org if you
are interested.
The City of Palm Desert is to be commended for enhancing its fiscal responsibility in the management of
public funds.
Keith Sawdon
Interim Executive Director
Enclosures
1029 Vermont Avenue, NW, Suite 710, Washington, DC 20005 Phone 202-737-0660 Fax 202-737-0662 www.aptusc.org