The Mission of the Treasurer's office is to actively invest, account for, manage, distribute and safeguard the County’s cash assets.
The Clackamas County Treasurer is the Chief Investment Officer for the County. The Treasurer maintains bank accounts and accounts with the State Treasury Investment Pool and various banks. Funds are invested in accordance with the County's investment policy, assuring that adequate cash is available to meet the obligations of the County. Maintenance of all banking and investment custody agreements are performed by the Treasurer’s office. This also includes maintenance of approximately 50 County and public trust accounts.
The Treasurer’s office has responsibility for all the cash management activities of the County, including but not limited to:
- reconciling functions for the 20 County bank accounts,
- distribution of all property tax collected by the County Assessor to the over 100 different taxing districts within the County, and
- payment card industry, data security standard (PCI DSS) compliance.
The Treasurer participates in the issuance of County debt instruments in accordance with the County debt policy, makes debt service payments and assists with arbitrage calculations. The Treasurer's office and the Finance office are separate departments.
The Treasurer is also the appointed Internal Audit Director and has responsibility for managing the internal audit function in Clackamas County and managing the County’s fraud hotline.