Chapter 4.115
SNOHOMISH COUNTY INVESTMENT TRUST FUND

Sections:

4.115.010    Creation and purpose.

4.115.020    Sources of resources.

4.115.030    Administration of fund.

4.115.010 Creation and purpose.

There is hereby created the Snohomish County investment trust fund (601). This fund is to be used to account for investments held by the Snohomish County investment pool on behalf of the county and other local governments.

(Added by Ord. 08-164, Feb. 4, 2009, Eff date Feb. 20, 2009)

4.115.020 Sources of resources.

Resources of the Snohomish County investment trust fund shall be the funds of special purpose taxing districts and county funds that, pursuant to SCC 2.100.080(2), are in the treasurer’s custody but are not needed for immediate expenditure.

(Added by Ord. 08-164, Feb. 4, 2009, Eff date Feb. 20, 2009)

4.115.030 Administration of fund.

The Snohomish County Treasurer or his or her designee shall administer the Snohomish County investment trust fund within the financial management system provided for in chapter 2.100 SCC, and shall serve as the fund manager. The fund manager shall have the duties set out in SCC 4.05.050. Special purpose taxing district funds in the Snohomish County investment trust fund shall be invested in the Snohomish County investment pool as directed by the special purpose taxing district owning such funds. County funds in the Snohomish County investment trust fund shall be invested in the Snohomish County investment pool at times and in amounts as directed by the director of finance or his or her designee.

(Added by Ord. 08-164, Feb. 4, 2009, Eff date Feb. 20, 2009)