As your county treasurer and a taxpayer, I am concerned that our money has been placed in money market accounts for years without being reviewed to see if there were any better options for our tax dollars.
With my experience in investments I have the ability to implement an active management style of investing for tax dollars. I believe that every dollar earned in revenue is a dollar less the taxpayer will have to pay.
How would you describe the primary responsibilities of the position and the office?
There are numerous responsibilities for the county treasurer. The most important duties are: payroll administrator, chief investment officer, reconciliation agent, negotiator for bank depository contracts and management of all facets of banking services for Parker County. These areas take experience and on-the-job management.
Daily management is required for investments and reconciliation of bank accounts. Other responsibilities include being statutory supervisor for unclaimed funds/property, custodian for the sheriff’s bail bond collateral, as well as serving as a statutory member of the Bail Bond Board.
The treasurer is also required to report monthly, quarterly and/or annual federal, state and county reports and payments for Parker County. The treasurer’s office handles all accounts payable and receivables and payments to jurors.
Is there a specific program or operational change you would make in the next four years to make the office more streamlined, cost-or-performance efficient and customer friendly?
Since being appointed county treasurer, I have revised the Investment Policy that hasn’t been reviewed in years. I now have the ability to implement an active management style using different investment strategies to make the taxpayers money work, while staying within the guidelines of the Public Funds Investment Act.
This is part of the treasurer’s fiduciary responsibility which I take very seriously. I have implemented the new financial system that was previously purchased by the county. We now have a new payroll system up and running and more user friendly for employees. We are working on the new accounts payable and receivable programs to make the office more efficient.