Treasury Cash Management

The cash management plan provides for adequate liquidity to cover day to day needs of pool depositors. On occasion, departments or voluntary depositors have need of withdrawals that exceed those normally associated with operations. The Treasurer’s office has determined that individual amounts equal to or exceeding $500,000.00 place an unusual burden on the cash management plan, and therefore require special notice to this office to allow for adjustments to the liquidity position of the portfolio.

The notification required is as follows:
  • Withdrawals of $500,000 to $ 999,999: 7 days
  • Withdrawals of $ 1,000,000 to $ 1,999,999: 14 days
  • Withdrawals of $ 2,000,000 and above: 30 days

Penalty


There will be a window-of-opportunity of seven days to release your funds. If your disbursement is not made within the window you will be required to start the process over. Failure to adhere to these requirements may cause the Treasurer’s office to refuse to honor the payment (warrant). If the Treasurer has to liquidate investments in order to honor the release of funds, the office or department responsible for that release of funds will also be responsible for reimbursing the Treasurer’s pool all expenses associated with the liquidation, including, but not limited to lost interest income, withdrawal penalties, and associated fees.

Warrant Release Form