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State treasurer overview: pools and funds that manage idle cash, plus interest reporting for JFAC
Summary
Legislative analysts summarized the Idaho State Treasurer programs — Local Government Investment Pool, Diversified Bond Fund, Idle Pool, and Millennium Permanent Endowment Fund — and said interest earned by various funds is reported; staff posted a fund‑by‑fund interest report on the JFAC SharePoint.
Christopher Lahoset, a budget and policy analyst with the Legislative Services Office, provided a summary of the investment programs managed by the Idaho State Treasurer’s Office and told the Joint Finance‑Appropriations Committee where members can find fund earnings reports.
Lahoset described four principal programs: the Local Government Investment Pool (LGIP), intended to give cities, counties and special districts a safe, short‑term investment option; the Diversified Bond Fund (DBF), a longer‑term…
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