Treasurer's Office

Treasurer: Jackie Brunson

Investments

It is the policy of the Skagit County Treasurer to invest public funds in accordance with all federal, state, and local governing statutes. The Skagit County Treasurer will invest public funds in a manner that seeks to preserve capital and ensure the protection of investment principal, allow adequate liquidity for the County and its taxing districts, and achieve the highest investment return consistent with the primary objectives of safety and liquidity.

Skagit County has established the Skagit County Investment Pool (the SKIP) which consists of public funds offered by the Skagit County Treasurer and authorized under RCW's 36.29.020, 36.29.022 and 36.29.024

The SKIP was established to provide county departments as well as eligible government entities within Skagit County a mechanism whereby they may utilize the resources of the County Treasurer to maximize the potential of their surplus public funds, in a manner that optimizes safety, liquidity and return on such funds. The SKIP portfolio is a combination of the State LGIP pool holdings and direct investments in high-quality securities with varying maturities designed to control investment risk and enhance earnings. The SKIP seeks to provide current income by investing in a combination of State LGIP holdings and fixed income securities that meet defined standards for credit quality and maturity.

Participants may include, but are not limited to, county departments and Jr. Taxing Districts (such as schools, fire districts, ports, cemeteries, and diking districts).

Investment Policy