The county treasurer holds a key position of public trust in the financial affairs of local government. Acting as the "bank" for the county, school districts, fire districts, water districts and other units of local government, the treasurer's office receipts, disburses, invests and accounts for the funds of each of these entities. In addition, the treasurer is charged with the collection of various taxes that benefit a wide range of governmental units.
Following are the primary duties of the Treasurer's Office:
- Receipt of funds
As the depository for all funds, fees collected by other county offices as well as those collected by the various districts, are forwarded to the treasurer for custody. State and federal monies allocated to local governments are transmitted to the treasurer and are deposited to the proper funds in accordance with current statutes. Monthly reports are prepared to show the accounting transactions by fund for each unit of government. Property taxes are a major source of revenue to local governments. Billed by the county treasurer, these taxes are distributed upon collection to the various state, school, county, city and district funds as levies.The county treasurer also bills and collects special assessments authorized by the voters to fund improvements or to provide a specific service to property owners within a localized district.In addition, the county treasurer acts as agent for the Washington State Department of Revenue to administer and collect the real estate excise tax on the conveyance of real property. These taxes, which help fund the state public school system and local government capital improvements, are paid by the seller as a percentage of the sale price.
- Collection of Taxes
Upon receipt of the tax rolls from the county assessor, the treasurer forwards to all property owners statements of real and personal property taxes due. These taxes are payable on or after February 15 of each year with the full tax due by April 30. If the amount payable is over $50.00, one-half may be paid on or before April 30, with the second half due on or before October 31.
- Disbursement of Funds
The treasurer redeems all school, county and district warrants from monies available in the fund upon which they were drawn.
- Investment of Funds
Units of local government and fund managers provide written authorization for the county treasurer to invest funds not required for immediate expenditure. The treasurer then places funds in legally authorized investments for the benefit of the specific fund. In addition, short-term investments such as deposits in the Local Government Investment Pool (operated by the State Treasurer) are entered into as provided by statute.
- Miscellaneous Duties
The duties of the county treasurer are many and varied, each requiring the efficient and reliable handling of public funds. With responsibilities extending beyond the scope of county operations, the county treasurer plays a key fiduciary role in the operation of local government.
210 W Broadway Suite 203 Ritzville, WA 99169