The County Treasurer is responsible for receiving, investing, safeguarding and providing full accountability for all monies belonging to the county and all other money directed to it by state law. The Treasurer is responsible for the investment of funds for the County, School Districts and Special Districts. The Treasurer oversees all banking operations for the County and its departments. All public financing is coordinated through the Treasurer, including General Obligation Bonds for the School Districts and Juvenile Hall.
Funds received by County Departments, School Districts, and any other participating agency must be deposited with the Treasury. These entities draw upon the funds to pay for budgeted expenses. The Treasurer must have cash available to meet the cash flow demands of the county, schools and participating agencies. Temporary surplus monies of local agencies may be invested in defined types of investments set by the State.
Quarterly Investment Reports
The Treasurer is the authority responsible for the investment and reinvestment of the funds of the county and the funds of other depositors in the county treasury and assumes full responsibility for those transactions. Per the County’s Investment Policy all investments must be purchased through an authorized dealer. Investments are designed to mature in such a way as to provide safety, liquidity and reasonable return. The Treasurer manages an average investment portfolio of over $125,000,000.
For information on becoming an authorized dealer, please contact our Investment Advisor, Craig Ehlenberger, at Abalone Cove Advisors (310) 544-6791.
LOCATION & HOURS
440 Fifth St., Room 107
Hollister, CA 95023
Open 9 am – 4 pm Monday thru Friday, closed from 12-1pm