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Treasurer proposes personnel reallocations and describes new investment pool fee structure
Summary
County Treasurer Deborah Gardner told the commissioners she plans to reallocate portions of staff payroll across funds to reduce general-fund costs and described how the county's investment pool spreads advisory and software costs across about 150 participant funds.
Deborah Gardner, County Treasurer, briefed commissioners on proposed budget adjustments for the treasurer's office, personnel reallocation across funds, and the operation of the county investment pool. Gardner said she manages three funds — the general fund, treasurer O&M (foreclosure and related costs) and the treasurer investment fund. To reduce general-fund pressure she proposed changing combo codes so portions of the treasurer's and chief deputy salaries are charged to the O&M and investment funds. If a pending personnel reclassification is…
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