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Santa Cruz County treasurer delays new system, enforces new deposit procedure after resistance from one entity
Summary
The county treasurer reported stronger cash balances and a successful tax-lien sale, outlined a new investment policy, postponed a countywide treasury-system rollout because of vendor readiness concerns, and said a mandatory change requiring entities to prepare treasurer receipts met resistance from one county entity.
Mister Chalice, Santa Cruz County treasurer, told the Board of Supervisors on March 18 that the county’s cash-and-investment position is stable, the tax-lien sale closed successfully, and officials have adopted a new investment policy. He also said the county will postpone moving to a new treasury software and that a mandatory change requiring entities to provide their own treasurer’s receipt has met resistance from one county entity.
The treasurer opened with month-end balances: the general fund at $21,481,954 (invested $16,098,142); the road fund at $6,931,572; the flood control district at $2,904,564; the jail district at $6,995,263; and a total of $64,824,467 across all funds. He reported an estimated…
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