HomeMy WebLinkAboutRESOLUTION re: Chimacum Drainage District Investment PolicySTATE OF WASHINGTON
County of Jefferson
In the Matter of Investment of Funds Policy
For the Chimacum Drainage District
RESOLUTION NO. 2026-R002-0723
WHEREAS, the Chimacum Drainage District Board shall implement and maintain sound financial management of the entrusted resources provided by the taxpayers and other sources of funding,
consistent with the District’s mission; and,
WHEREAS, in accordance with state law, RCW 27.12.070, the Jefferson County Office of the Treasurer serves as the District’s fiscal agent; and,
WHEREAS, Regarding Investment of Funds; the District maintains long-term budget sustainability based on projected expenditure commitments and compensation practices that are consistent
with long-term revenue projections; and,
WHEREAS, the Board shall make all investment decisions. Funds may be held jointly in both liquid accounts (such as cash or the State Local Government Investment Pool) and investment
accounts (such as Certificates of Deposit or other opportunities made available by the Jefferson County Office of the Treasurer)
NOW, THEREFORE, THE BOARD OF COUNTY COMMISSIONERS OF JEFFERSON COUNTY, WASHINGTON, HEREBY RESOLVE AS FOLLOWS:
Section 1. Whereas Clauses are Findings of Fact. The Jefferson County Chimacum Drainage District hereby adopts the above “Whereas” clauses as Findings of Fact.
Section 2. Purpose. The purpose of this resolution is to create a funds policy.
Section 3. Effective Date. This Resolution shall take effect and be in full force immediately upon passage by the Board of Chimacum Drainage District.
(SIGNATURES FOLLOW ON THE NEXT PAGE)
ADOPTED and APPROVED this _____ day of __________, 2026.
JEFFERSON COUNTY CHIMACUM DRAINAGE DISTRICT
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Crystal Taggart, Chair
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Chuck Boggs, Vice Chair
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Kristofer Sims, Secretary