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Commission authorizes treasurer delegate to access short-term investment pool (Resolution 33-2025)
Summary
The county approved Resolution 33-2025 permitting a designated delegate to manage the short-term investment pool for brief-turnaround instruments; commissioners discussed backup authorization arrangements and the treasurer's continuing role.
Fergus County commissioners on Dec. 24 approved Resolution 33-2025 to authorize a delegate (Christie) to access the county's short-term interest/investment pool used for instruments such as school bond funds.
Commissioners explained the pool is used for short-turnaround investments and withdrawals; the resolution grants the delegate authority to view balances and execute withdrawals for that short-term pool. The treasurer explained that the change allows for a delegate while preserving the treasurer as the primary authorized official and that the resolution also contemplates adding a backup delegate.
Discussion noted that historically only the treasurer had access and that the resolution permits delegation to ensure continuity and faster management of short-term instruments. The motion was moved, seconded and approved by voice vote; one commissioner recorded opposition during other votes in the meeting but the transcript does not include a roll-call tally for this resolution.
Next steps: county staff will record the authorized delegate in the investment pool records and add a backup delegate as needed.
