City Treasurer Larry Kinley
Larry and his wife Theresa moved to Upland in 1994. With a career spanning over 41 years in the banking industry, he understands the demands of the office of Treasurer. He believes his professional experience and knowledge can be invaluable to the City.
He has a strong financial background as a Branch Operations Officer and Branch Manager. He spent the last 15 years of his career as a Vice President and Senior Special Assets Officer specializing in Problem Loan Administration dealing with hardcore workout situations.
His education includes the Pre-Standard, Standard and Graduate Certificates through the American Institute of Banking. His employer sponsored him to a three year course study conducted by the Credit Research Foundation of the National Association of Credit Management at the Amos Tuck School of Business Administration at Dartmouth College. His thesis was a study of Working Capital Loans Charge to Losses by his employer.
He feels the responsibility of the City Treasurer is to ensure the City remains solvent and that its credit rating remains impeccable through the development and enforcement of budgets that work and do not put unnecessary demands of the citizenry for higher taxes. He feels his integrity, strong ethics and financial experience can be a valuable asset for the City of Up;land.
He served as Treasurer of the Westcliff Plaza Merchants Association, the Wilmington Boy's Club and for the past 10 years was Treasurer of his Homeowners Association.
The residents of Upland elect the City Treasurer. It is the Treasurer's responsibility to oversee the investment of City funds in a safe and secure manner while ensuring maximum return on all investments within limitations set by State law. The City Treasurer operates under the restrictions of Section 53646 of the Government Code of the State of California and Resolution 6133 of the Upland City Council - a resolution that affirms the Investment Policy for Public Funds. The Treasurer appoints the Deputy City Treasurer.
The City follows the practice of pooling cash and investments for all funds except for funds required to be held by outside fiscal agents. Investment income is allocated quarterly to various funds based on the average monthly cash balances.