3.01

The County Treasurer’s Office will collect, deposit, and disburse all funds on a schedule that ensures optimum cash availability, according to Articles 113.043, 113.065, 113.901, 113.001 005, 113.021-024, and 113.041-047 of the Revised Statutes of Texas.

3.02

The County Treasurer is the Chief Investment Officer of Dallas County as authorized in Court Order #97-2216 by the Commissioners Court and shall invest the funds of Dallas County to achieve the highest and best yield, while at the same time maintaining the financial security, integrity, and optimum liquidity of said funds.

3.03

Dallas County shall maintain a written Dallas County Investment Policy, as developed by the County Treasurer and approved by the Commissioners Court, to comply with the Public Funds Investment Act of 1995, 74th Texas Legislature; amended by the 75th Texas Legislature, 1997.

3.04

The County Treasurer will ensure the proper collateralization of all Dallas County funds and will maintain an original copy of all security and surety pledges and advances made by the Depository Bank or other parties on behalf of Dallas County funds, and investment transactions which shall be held at the Federal Reserve Bank of Dallas, or with a disinterested third-party bank.

3.05

The County Treasurer shall handle all original reconciliation of Dallas County bank accounts with the Depository Bank and resolve all financial differences between Dallas County and the Depository Bank.

3.06

The County Treasurer shall develop a Depository Bank Bid proposal for presentation to the Dallas County Financial Review Committee and Dallas County Commissioners Court before April of each odd-numbered year, bid competitively in May of each odd-numbered year, except under circumstances where a four-year Depository Contract is enacted.

3.07

There shall be a Dallas County Financial Review Committee, chaired by the County Treasurer, and consisting of the County Judge, County Auditor, Budget Director, Commissioners Court Administrator, Assistant District Attorney, and M/WBE Director, whose duties and responsibilities may be found in Court Order #97-2216.

3.08

The County Treasurer will provide the Commissioners Court a detailed financial report at each regular term of the Commissioners Court and shall make all books and accounts of the County Treasurer available to the Commissioners Court by Section 114.026 of the Local Government Code of Texas.

3.09

The County Treasurer will provide the Commissioners Court a detailed Quarterly Investment Report by the Public Funds Investment Act of 1995, 74th Texas Legislature; amended by the 75th Texas Legislature, 1997, showing all financial investments, trades, par and market values, etc., for the preceding quarter by the Public Funds Act.

3.10

The County Treasurer will maintain a Drawdown and Construction Schedule for all Dallas County contractors, In-House Construction management personnel, vendors, and all other groups, organizations, or persons receiving periodic payments from Dallas County, as provided to the County Treasurer every month, by Court Order #87-1858, and as supplied by various departments, to plan investment schedules and make timely payments.

3.11

The County Treasurer will handle all matters relating to bonded indebtedness about original issuance, registration, book entry, payment, financial disclosure statements, etc., by State and Federal Law.

3.12

The County Treasurer has contract oversight for contracts with the Dallas County Financial Advisor and Dallas County Bond Counsel and shall be the regular contact for contract administration questions including any ongoing and regular consultation with the Financial Advisor and Bond Counsel; Bond Sale preparation; presentations to the Financial Review Committee; requests for extraordinary legal opinions or financial analysis; support services for Arbitrage and Remarketing Agreements and in cooperation with the Office of Budget and Evaluation, the coordination of significant Briefings to the Dallas County Commissioners Court about all bond-related matters.

3.13

The County Treasurer shall be the Dallas County liaison with the Dallas County Arbitrage Rebate Advisor developing all necessary information to track the arbitrage responsibility to the Federal Government, recommending and making such payments as required, and notifying the Commissioners Court routinely about the financial status and need for escrow of funds for Arbitrage Rebate Payments.

3.14

The Dallas County Treasurer shall conduct its treasury activities with a financial institution(s) based upon written contracts, which specify compensating balances, service charges, terms, and other conditions as authorized by the Texas Legal Government Code and Revised Statute of Texas and as required under GASB and by General Accepted Account Principals.