San Bernardino County Investment Pool
TAX Collector Reports Historic High Balance
December 2020___ San Bernardino, CA ___ San
Bernardino County Auditor-Controller/Treasurer/Tax Collector (ATC) Ensen
Mason announced, that the County Investment Pool reached a new record high
cashbook balance of $9,683,226,807, Thursday, December 17, 2020.
As of November 30, 2020, the County Pool reported an
unrealized gain in value of $117,960,294 on a cashbook value of $8,768,313,045.
The Pool’s yield-to-maturity was 1.04%.
Record property tax installment
receipts from rising property values and the receipt of Federal CARES Act funds
for the County and Schools Districts, have catapulted the County Investment
Pool balances by over a billion dollars during 2020.
“These funds represent
dollars that schools and local government agencies use for public safety,
educational programs, and the local government safety net so critical in
difficult times like these. A large percentage of the recent increase in the
Pool’s book value is from Cares Act funds received from the Federal Government
to cover expenses related to the Covid-19 Pandemic,” noted Mason.
gave credit to his ATC Treasury Division. “Much of our continued success
belongs to our outstanding Treasury Division team led by our talented Chief
Deputy Treasurer John Johnson and Chief Investment Officer, Parth Bhatt. John
has been a critical leader of the San Bernardino County Treasury team for over
fifteen years and is responsible for much of our outstanding performance. Both
of them are doing a great job during a very challenging investment environment.
It’s a pleasure to work with them in maximizing our return on investment
dollars and keeping our dollars safe.”
The San Bernardino County Treasurer’s
Office is the official custodian of investments for the San Bernardino
County Investment Pool. The Office provides banking services for the
County, K-12 Schools, Community Colleges, and Special Districts. The
Treasury adheres to conservative investment policies that have maintained
an AAAf/S1 rating from Fitch Ratings, the highest attainable ratings
assigned by the agency for an investment pool of its type.