City Treasurer - Douglas Sanders, CPFIM
205 S. Willowbrook Avenue
Compton, California 90220
Douglas Sanders was born and raised in Compton, California. He graduated from Pius High School in 1975. Doug, as everyone calls him, received his AA Degree from Compton Community College, majoring in Accounting, Economics, and Math. He attended the University of Southern California (USC), majoring in Accounting, Finance, and Economics. He also participated in the UCLA Extension Accounting Certificate Program.
Doug worked at an early age in his father's family business in Compton. He received his real estate license at the age of 19. He began working for investment brokerage firms, specializing in investment properties.
Doug also served eight years in the United States Navy Reserves with an honorable discharge.
After the passing of his father, Wesley Sanders Jr., who served as the City Treasurer from 1973 to 1992, Doug was elected as the City Treasurer on July 1, 1993.
Over the last 28 years, he has managed an aggregate amount of over $3.5 billion of City, State, Federal and Bond Proceeds, earning over $25 million in aggregate interest revenue on General City, CRA, now the Successor Agency, and bond proceeds. In the past 28 years, Doug has never lost a penny of investment money, due to being a conservative investor of the taxpayer's monies and not gambling with it.
In the years 1999-2002, Doug reported to the District Attorney's office that some City officials misused government credit cards and double billing of expenses, which led to the indictment of the Mayor, three Council members and the City Manager; three were found guilty.
Doug was awarded the designation of "Certified Public Funds Investment Manager" from the Association of Public Treasurers of the United States and Canada. Doug also received his Advanced Certified Public Finance Investment Manager and certificates in cash handling, with the completion of over 100 hours in Continuing Professional Education (CPE).
Doug is a member of the California Municipal Treasurers Association (CMTA), Association of Public Treasurers of US & Canada (APT) and Government Finance Officers Association (GFOA).
Doug has been elected as City Treasurer of Compton for 28 years and has been a Compton resident for over 60 years.
Doug participates and supports various community programs and organizations within the City of Compton. More importantly, his fellowship in the Word of GOD and with his congregation. Doug is a member of Faith Center for over 39 years, under the leadership of the late Dr. Gene Scott Ph.D. and current Pastor, Dr. Melissa Scott Ph.D.
When Doug is not at work serving the public, he enjoys listening to jazz and contemporary music, going to the movies, and watching sports.