The County Treasurer receives all monies collected by various other county departments for fees and keeps a record of these deposits. Daily financial statements of these deposits are prepared and submitted to the County Auditor. Monthly financial statements must be prepared and balanced with the County Auditor. Also, the County Treasurer redeems all warrants (checks) issued by the County Auditor.
The County Treasurer invests un-disbursed funds for various periods of time, which earns money for the county general operating fund. In many counties, the dollars earned from investments are a major source of revenue for the county general fund. A County Treasurer must continually monitor investments and maintain short-term investments to have enough monies readily available to pay current operating expenses from day to day. The County Treasurer must at all times be a leader in the area of fiscal management and accountability. Accounting records must be current and accurate.