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Santa Cruz County treasurer delays new system, issues deposit-receipt rule after tax-lien sale and new investment policy
Summary
The county treasurer reported a successful tax-lien sale, announced a new county investment policy to be submitted for Government Investment Officers Association review, postponed a vendor rollout of a new treasury system until next March, and said county entities must complete treasurer deposit receipts after one department resisted the change.
County Treasurer (name not specified) told the Santa Cruz County Board of Supervisors on March 18 that the county will postpone rolling out a new treasury system until next March and has put a mandatory change in place requiring entities the treasurer serves to complete their own treasurer's receipt when depositing funds.
The treasurer reported results from the county's February tax-lien sale: total bids amounted to $898,040.70, with 3,141 bids placed on 935 items; 597 items sold; 80 qualified bidders; 247 registered users; and 6,721 parcels included in the sale. The treasurer said those results were reconciled and refunds issued to unsuccessful bidders.
The treasurer said the county has developed a written investment…
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