As your City Treasurer, I will:

Be a fiscal Watchdog

My goals are to continue the work I started in roles such as Chairman of the Budget & Finance Commission improving our city processes and saving taxpayers millions

What are the key facts?

Goals

I’m looking forward to becoming your financial steward of our city investments.

My goals are to continue the work I started in roles such as Chairman of the Budget & Finance Commission improving our city processes and saving taxpayers millions

Spearheading one such effort, a refinance of our city pension obligations, is estimated to have saved nearly $100 million over the next 28 years for Redondo Beach taxpayers.

David Teykaerts

Assistant Division Chief, CalPERS

Redondo Beach financing of their pension debt was forward thinking, bold , and I applaud you. -December 2022

Bill Brand
Mayor of Redondo Beach

Working tirelessly, Eugene has save the City millions and brought forward conversations that has made the City better.

Steward of City Finances

Review of compliance calendars
Strategic planning with city investment advisory group
How does inflation affect our investment priorities

“High priority” changes

Clarify roles and responsibilities between Finance Department & Treasurer’s departments suggested four years ago
Work with the City Clerk’s office to clarify oversight roles
Consult with the City Council on ways to update City Charter language that has not been revised in decades.

Improve transparency

Investment workshops with the public to pull back the curtain on our city’s resources
Share monthly investment reports with Budget & Finance Commission
Be available at City Council meetings for the Council to ask questions
Be available at City Council Member individual meetings to answer questions from the residents

What are the City finances?

What is the role of the Treasurer of Redondo Beach and what assets do we have?

What is the transparency with the position?Nils Nehrenheim2022-12-31T22:08:45-08:00

What is the transparency with the position?

I plan on creating more transparent government by holding regular community workshops answering questions and pulling back the curtain on city finances.

Is there 3rd party oversight?Nils Nehrenheim2023-01-09T19:37:07-08:00

Is there 3rd party oversight?

Yes, our Investment Advisory group is FHN. They provide monthly status reports for review which are then forwarded to the City Council members as part of our City Investment Policy

What is the City Budget and total Assets?Nils Nehrenheim2023-01-09T19:40:13-08:00

What is the City Budget and total Assets?

The City budget is approximately $100 million and total assets under management were $110 million at our December Budget & Finance meeting.

Quick facts about Eugene

30+

Years of business experience

$100 Million

Saved in pension obligations

37

Years in the South Bay

6+

Years on the Budget and Finance commission