HomeMy WebLinkAboutInvestment Pool Resolution Staff ReportKITTITAS COUNTY
TREASURERS OFFICE
AGENDA STAFF REPORT
AGENDA DATE:August 21, 2018
ACTION REQUESTED:Request to approve a resolution establishing an Investment Pool for Kittitas County and the creation of a Treasurer’s Investment Operations and Maintenance Fund.
BACKGROUND:As authorized under RCW 36.29.020, 36.29.022 and 36.29.024, the County Treasurer may offer investment pooling opportunities for local governments and districts located in
Kittitas County.
INTERACTION:The Treasurer has researched investment pooling, discussed this process with other County Treasurers who maintain investment pools, and met with representative of all Departments
and Districts with Funds that may choose to participate in the investment pool. Some of these parties have already signed letters of agreement regarding participation in an investment
pool.
RECOMMENDATION:The Treasurer recommends that the Board of County Commissioners approve this Resolution.
HANDLING:1 – Original – Clerk of the Board
1 – Original – Treasurer’s Office
ATTACHMENTS:Resolution authorizing the Treasurer’s Investment Pool and creation of an Investment Operations and Maintenance Fund
LEAD STAFF:Brett Wachsmith - Treasurer