Portfolio Management
All county funds and tax collections are invested by the Treasurer under guidelines of the Utah Money Management Act. The Money Management Act allows conservative investments in Repurchase Agreements, Time Certificates of Deposit (TCD's), Commercial Paper, U.S. Treasury obligations, and certain Government Agency obligations.
Portfolio earnings are distributed to participants on a pro rata basis. Portfolio size varies during the year, ranging from $80 million during off-peak months, to over $100 million during peak collection months.
Another factor in portfolio size is the amount of bond proceeds managed by the Treasurer. Bond monies are invested and managed in the same manner as tax collections, but invested in separate portfolios for tracking interest earnings and calculating arbitrage rebate (if any).
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