Kathryn L. Hewitt, CPA, CCM, CPFO Treasurer, Harford County, Maryland.

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Presentation transcript:

Kathryn L. Hewitt, CPA, CCM, CPFO Treasurer, Harford County, Maryland

* Operating cash/pooled cash * Capital projects * Rainy day funds * NOT PENSION FUNDS

* Annotated Code of Maryland: Article 95 Section 22 * State Finance and Procurement Article Section and * County Charters/Codes * Investment Policies

* U. S. Treasuries * U. S. Agencies * Repurchase Agreements * Certificates of Deposit (collateralized * CDARS * MLGIP * MMMFs * Commercial Paper and Bankers Acceptances

* Annotated Code of Maryland: Article 95 Section 22 * State Finance and Procurement Article * County Charters/Codes * Investment Policies

* Preservation of Capital * Safety & Security * Liquidity * Diversification

* Management of Risk * Safekeeping * Credit Quality * Counterparty * Maturity * Competitive Bidding * Earning a competitive rate of interest * Benchmarking

* Understand your cash flows

* Daily cash investments – look for cash flow “holes” and fill them * Core portion – make a strategy to invest longer maturities – one method is to ladder maturities; another is to barbell

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