HomeMy WebLinkAbout2023-027 - Res. Authorization for Treasurer to Invest Excess Funds to Fund 150 and Fund 117 RESOLUTION NO: 10'n-(
AUTHORIZATION FOR THE COUNTY TREASURER TO INVEST EXCESS FUNDS NOT REQUIRED FOR
IMMEDIATE EXPENDITURE FOR THE HEALTH DEPARTMENT FUND 150
AND COMMUNITY SUPPORT SERVICES FUND 117
WHEREAS, RCW 36.29.020 states in part..........Any municipal corporation may by action of its governing
body authorize any of its funds which are not required for immediate expenditure,and which are in the
custody of the county treasurer or other municipal corporation treasurer, to be invested by such
treasurer...............
WHEREAS, it has been determined by the Mason County Treasurer that the Health Department (Fund
150) and Community Support Services(Fund 117) currently have excess funds not necessary for
immediate expenditure.
WHEREAS,the Mason County Finance Committee has reviewed the treasurer's findings and has made
the approved a recommendation to the County Board of Commissioners to grant authorization to the
county treasurer to invest excess funds which are not required for immediate expenditure by the Health
Department(Fund 150)and Community Support Services (Fund 117) as provided for in RCW 36.29.020
and the County Investment Policy.
NOW THEREFORE,the Board of Mason County Commissioners grant authorization to the county
treasurer to invest excess funds which are not required for immediate expenditure by the Health
Department(Fund 150) and the Community Support Services (Fund 117) as provided for in RCW
26.29.020 and in accordance with the County Investment Policy.
Dated this�,day of May,2023 BOARD OF COUNTY COMMISSIONERS
MASON COUNTY,WASSHHINGTON
- T
Sharon Trask, Chair
-z4
Ran Neat erli ,Vice Chair
Kevin Shutty, ommissioner
Attest:
rnc� Sml�
McKenzie Smit , Clerk of the Board
Approved as to form:
Tim Whitehe �, ie Deputy Prosecuting Attorney
Cc: Health Department,Treasurer