TREASURER - COUNTIES - TAXATION - PROPERTY - PAYMENT BY CREDIT CARD
TREASURER ‑- COUNTIES ‑- TAXATION ‑- PROPERTY ‑- PAYMENT BY CREDIT 1. RCW 84.56.023 authorizes counties to accept payment of property taxes by credit card. If the county utilizes this procedure, it must collect fully payment of taxes, interest and penalties without discount. 2. RCW 84.56.023 does not grant the county the authority to collect from the taxpayer a service fee on behalf of the bank issuing the credit card.
OFFICES AND OFFICERS - COUNTY - TREASURER - FUNDS - BANKS AND BANKING - DEPOSITARIES
DEPOSIT OF CERTAIN MUNICIPAL FUNDS IN SAVINGS AND LOAN ASSOCIATIONS (1) A county treasurer continues to be authorized to invest funds under his/her control within the provisions of RCW 36.29.020 in savings or time accounts in mutual savings banks or savings and loan associations up to the insurance limits afforded such accounts by the Federal Savings and Loan Insurance Corporation even though the particular institution has not also been approved as a qualified depositary under chapter 66, Laws of 1983‑-except to the extent that specific statutes which were repealed or amended by chapter 66 might come into play. (2) Consideration, and identification, of certain specific municipal funds which, by virtue of the enactment of chapter 66, Laws of 1983, may no longer be invested or deposited with thrift institutions which have not been approved as qualified public depositaries.
OFFICES AND OFFICERS - COUNTY - TREASURER - MUNICIPALITIES - FUNDS - INVESTMENT OF SURPLUS FUNDS
OFFICES AND OFFICERS ‑- COUNTY ‑- TREASURER ‑- MUNICIPALITIES ‑- FUNDS ‑- INVESTMENT OF SURPLUS FUNDS (1) The governing body of a municipal corporation whose funds are in the custody of a county treasurer may not authorize such treasurer, by a single blanket resolution, to invest all of its present and future surplus funds in a certain specified way or ways, and thus avoid having those funds invested as county residual funds under the second paragraph of RCW 36.29.020. (2) The governing body of a municipal corporation may enact a blanket ordinance or resolution permitting either a single member of that body or some other officer or employee thereof to authorize the county treasurer having custody of its funds to invest those funds as and when indicated, provided that the ordinance or resolution contains sufficient standards to guide that officer or employee in the exercise of the power thus delegated.
COUNTIES - FINANCE COMMITTEE - TREASURER - CURRENT EXPENSE FUND - UNBUDGETED CASH BALANCE - INVESTMENT - REDEEMABLE IN CASH ON DEMAND
COUNTIES ‑- FINANCE COMMITTEE ‑- TREASURER ‑- CURRENT EXPENSE FUND ‑- UNBUDGETED CASH BALANCE ‑- INVESTMENT ‑- REDEEMABLE IN CASH ON DEMAND The "unbudgeted cash balance" which counties under RCW 36.40.090 are authorized to retain in their current expense funds must at all times remain in the form of cash or that which is redeemable in cash upon demand as a matter of fixed right.
OFFICES AND OFFICERS - COUNTY - TREASURER - DUTY TO CHECK TAX ROLLS AT REQUEST OF MORTGAGEE AND TO PREPARE AND SIGN STATEMENT OF TAX OWING - FEE - LIABILITY
OFFICES AND OFFICERS - COUNTY ‑- TREASURER ‑- DUTY TO CHECK TAX ROLLS AT REQUEST OF MORTGAGEE AND TO PREPARE AND SIGN STATEMENT OF TAX OWING ‑- FEE ‑- LIABILITY (1) It is the duty of the county treasurer to check the tax rolls upon the request of mortgagees and to give a statement as to what real property taxes, if any, are owing on property in which the mortgagee has an interest. (2) Same : The treasurer may not charge any fee for such service. (3) Same : The treasurer would be subject to liability if he fails to exercise reasonable care in making a search. (4) Same : There is no duty upon the treasurer to sign the report he prepares, but because liability may arise as the result of negligently prepared reports, it may be advisable to sign the report for authentication purposes.
OFFICES AND OFFICERS - COUNTY - TREASURER - TAXATION - FUNDING COSTS OF PROPERTY TAX FORECLOSURES
OFFICES AND OFFICERS ‑- COUNTY ‑- TREASURER ‑- TAXATION ‑- FUNDING COSTS OF PROPERTY TAX FORECLOSURES All reasonably necessary costs of foreclosure, distraint and sale of property for delinquent taxes that can be traced by a reliable accounting method to the particular taxpayer and property involved may be (1) charged against the revolving fund created by RCW 82.56.020 and (2) recovered as costs of foreclosure or costs of distraint against the taxpayer or other party against whom that statute authorizes the charging of "costs."
OFFICES AND OFFICERS - COUNTY - CORONER - TREASURER - DECEDENTS - ESCHEAT - PROBATE OF CERTAIN DECEDENTS' ESTATES
OFFICES AND OFFICERS ‑- COUNTY ‑- CORONER ‑- TREASURER ‑- DECEDENTS ‑- ESCHEAT ‑- PROBATE OF CERTAIN DECEDENTS' ESTATES The provisions of RCW 36.24.130 and 36.24.140 do not authorize a county to probate the estate of the person who has died without heirs or to place to the credit of the county other assets of the decedent except ". . . money or other property which may be found upon the dead body . . ."
FUNDS - COUNTY - TREASURER - FINANCE COMMITTEE - AUTHORITY TO DESIGNATE DEPOSITARY OF COUNTY FUNDS OR AMOUNTS THEREOF IN PARTICULAR DEPOSITARIES
FUNDS ‑- COUNTY ‑- TREASURER ‑- FINANCE COMMITTEE ‑- AUTHORITY TO DESIGNATE DEPOSITARY OF COUNTY FUNDS OR AMOUNTS THEREOF IN PARTICULAR DEPOSITARIES A county finance committee does not have the authority to direct which of several eligible banks shall be designated by the county treasurer as depositary of county funds or to determine the amount of funds to be placed in a particular depositary.
OFFICES AND OFFICERS - COUNTY - TREASURER - SCHOOL DISTRICT OR OTHER MUNICIPAL FUNDS - REFUNDING BOND ISSUE - PROCEEDS IN CUSTODY OF TREASURER - INVESTMENT FEE
OFFICES AND OFFICERS ‑- COUNTY ‑- TREASURER ‑- SCHOOL DISTRICT OR OTHER MUNICIPAL FUNDS ‑- REFUNDING BOND ISSUE ‑- PROCEEDS IN CUSTODY OF TREASURER ‑- INVESTMENT FEE Where a school district or other municipal corporation issues and sells refunding bonds pursuant to chapter 138, Laws of 1965, Ex. Sess., and places the proceeds in the custody of its county treasurer for investment pending ultimate application to the purpose for which the bonds have been issued, the investment service fee provided by RCW 28.58.440 or RCW 39.29.020 is to be charged.
TREASURER - COUNTIES - CITIES - PUBLIC FUNDS - DELEGATION OF POWERS - INVESTMENTS - LETTER OF CREDIT
DEBT LIMITATIONS 1.When RCW 39.59.020(4) authorizes municipal treasurers to invest in " . . . any investments authorized by law for the treasurer of the state of Washington ..." and the state treasurer is authorized by law to invest in commercial paper by RCW 43.84.080(7) but only to the extent consistent with the policy of the State Investment Board, the legal limitations on the state and on municipal treasurers are confined to formally adopted policies of the State Investment Board, and neither the state nor municipal treasurers are bound by State Investment Board policies which are informal or unwritten.2.A municipal treasurer may not lawfully delegate authority to redeem warrants to a banking institution or other party outside the treasurer's office.3.A municipal treasurer may lawfully secure a line of credit for warrant redemption with a bank, to the extent permitted by RCW 126.96.36.199.A municipal treasurer may in certain circumstances secure a letter of credit from a bank for warrant redemption purposes, but only to guarantee payment of warrants the treasurer is statutorily authorized to pay.5.A letter or line of credit is a contingent liability and does not constitute a borrowing by a municipal corporation for purposes of applying constitutional or statutory debt or borrowing limitations; the borrowing occurs if the letter of line of credit is actually drawn down.
OFFICES AND OFFICERS - COUNTY - TREASURER - INVESTMENT OF MUNICIPAL FUNDS BY COUNTY TREASURERS UNDER § 1, CHAPTER 173, LAWS OF 1967
OFFICES AND OFFICERS - COUNTY - TREASURER - INVESTMENT OF MUNICIPAL FUNDS BY COUNTY TREASURERS UNDER § 1, CHAPTER 173, LAWS OF 1967 (1) When the governing body of a municipal corporation has directed the investment of less than all of its surplus funds which are in the custody of the county treasurer, and thereafter the treasurer, pursuant to § 1, chapter 173, Laws of 1967, invests all such surplus as part of the county's residual treasury cash balance ". . . to the maximum prudent extent . . . in United States government securities . . ." such investment does not affect the individual fund balances of the respective municipal corporations in his custody, and each municipal corporation retains the power to expend or invest its funds according to the respective fund balances shown in its accounts. (2) A proposed accounting regulation of the state auditor requiring county treasurers to account uniformly for their investments made under the provisions of chapter 173, Laws of 1967, as investments of residual cash in the county treasury would be consistent with the provisions and intent of the act. (3) It is the responsibility of the county finance committee, rather than that of the treasurer, to ascertain both the availability of surplus municipal funds for investment under the provisions of chapter 173, Laws of 1967, and the "maximum prudent extent" to which they may be invested, taking into account both the anticipated expenditure and investment requirements of each municipal corporation whose funds are in the custody of the county treasurer.
STATE - CITIES AND TOWNS - COUNTIES - TREASURER - FUNDS - INVESTMENTS - PUBLIC FUNDS
Ability of state and local governments to invest in commercial paper 1. Article 8, sections 5 and 7, and article 12, section 9 of the Washington Constitution prohibit gifts or loans of public money or credit and the acquisition of interests in private stocks or bonds. 2. RCW 43.84.080(7) authorizes the state treasurer, under certain circumstances, to invest public funds in commercial paper. RCW 39.59.020 empowers local governments to make investments authorized by law for the state treasurer. 3. Under article 8, sections 5 and 7, and article 12, section 9 of the Washington Constitution, state and local governments can invest in commercial paper purchased on the secondary market.
STATE INVESTMENT BOARD - EMPLOYERS AND EMPLOYEES - OFFICES AND OFFICERS - TREASURER - LEGISLATORS - CONFLICT OF INTEREST
Applicability of Executive Conflict of Interest Act to elected officials who are members of the State Investment Board Membership in the State Investment Board includes the State Treasurer and one member each of the House of Representatives and the Senate. Members of the Board are subject to the Executive Conflict of Interest Act, chapter 42.18 RCW. Although the Act does not apply to elected state officers and legislators when they are acting in their capacity as elected officials, these elected officials are subject to the Act when they are acting in their capacity as a member of the Board.
OFFICES AND OFFICERS - COUNTY - TREASURER - AUTHORITY TO REFUSE TO ACCEPT DELINQUENT IRRIGATION OR DRAINAGE DISTRICT ASSESSMENTS
OFFICES AND OFFICERS ‑- COUNTY ‑- TREASURER ‑- AUTHORITY TO REFUSE TO ACCEPT DELINQUENT IRRIGATION OR DRAINAGE DISTRICT ASSESSMENTS The county treasurer cannot refuse to accept the first half of either irrigation or drainage district assessments after such first half assessments are delinquent but before the second half are delinquent and require the assessment to be paid in full.
STATE TREASURER - OFFICIAL BOND - EMPLOYEES OF STATE - TREASURER - FIDELITY BONDS - SCOPE OF COVERAGE
STATE TREASURER ‑- OFFICIAL BOND ‑- EMPLOYEES OF STATE -- TREASURER ‑- FIDELITY BONDS ‑- SCOPE OF COVERAGE 1. The general bond of the State Treasurer to the State of Washington in the amount of $250,000 covers all the various state funds and trust funds of which he is custodian, with the exception of those which require an additional bond in the act setting up such fund. 2. Fidelity bonds furnished by employees of the State Treasurer likewise cover these various and sundry funds.
OFFICES AND OFFICERS - STATE - TREASURER - FUNDS
SERVICES OF PUBLIC DEPOSITARIES If a public depositary is unwilling to provide the service of cashing or giving credit for state warrants, the state treasurer's office would be legally justified in excluding that depositary from further participation in the time deposit program provided, of course, the same restriction is imposed for any institution unwilling to agree to such a condition.
OFFICES AND OFFICERS - STATE - TREASURER - PUBLIC FUNDS - BANKS
LIMITATION UPON PUBLIC FUNDS (1) The limitation in RCW 39.58.130 upon public deposits with a particular bank or trust company applies to all funds, in the aggregate, deposited by a county treasurer rather than separately to the funds of each municipality served by such treasurer. (2) The protections of chapter 39.58 RCW extend to all public funds on deposit with qualified depositaries irrespective of the limitations of RCW 39.58.130 and without regard to the reasons attributable to the violation of the statutory restriction.
OFFICES AND OFFICERS - COUNTY - TREASURER - DISTRICT - SCHOOLS
REGISTRATION OF SCHOOL DISTRICT WARRANTS A discussion of circumstances under which a school district warrant is to be registered so as to draw interest because of insufficient money in the fund upon which the warrant was drawn.
OFFICES AND OFFICERS - COUNTY - TREASURER - TAXATION - SPECIAL ASSESSMENTS - IMPOSITION FEES FOR SERVICES BY COUNTY TREASURER
OFFICES AND OFFICERS ‑- COUNTY ‑- TREASURER ‑- TAXATION ‑- SPECIAL ASSESSMENTS ‑- IMPOSITION FEES FOR SERVICES BY COUNTY TREASURER The provisions of RCW 36.29.180 only authorize a county treasurer to charge and collect a fee for his services in handling, collecting, disbursing and accounting for funds collected pursuant to the assessment rolls of a political subdivision as distinguished from the county's own assessment rolls for ad valorem property tax purposes.
OFFICES AND OFFICERS - STATE - TREASURER - PUBLIC DEPOSIT PROTECTION COMMISSION - INTEREST
DEPOSITS OF STATE FUNDS From and after the effective date of chapter 50, Laws of 1974, 1st Ex. Sess., the public deposit protection commission will no longer have any interest-fixing function to perform with respect to investment deposits made by the state treasurer of state funds in his custody.
OFFICES AND OFFICERS - STATE - TREASURER - INTEREST
AUTHORITY OF STATE TREASURER TO ALLOCATE TIME DESPOSITS On and after the effective date of chapter 50, Laws of 1974, 1st Ex. Sess., the state treasurer, acting pursuant to chapter 123, Laws of 1973, Ex. Sess., will continue to have the authority to allocate time deposits of state funds among participating depositaries "on a basis to be determined by the state treasurer. . . ."
DISTRICTS - SCHOOLS - INTERMEDIATE - FUNDS - OFFICES AND OFFICERS - COUNTY - TREASURER
INVESTMENT OF STATE FUNDS The board of directors of an intermediate school district does not have the authority to invest or to authorize its county treasurer to invest funds which it receives from the state for distribution to local school districts under RCW 28A.48.010.
TAXATION - TAX LEVIES - TIMBER - TREASURER
Distribution Of Timber Excise Tax Revenues
- When county timber excise tax revenues received during the third and fourth quarters of a year are insufficient to fully satisfy the first and second priorities for revenue distribution under RCW 84.33.081(2) and (4), distributions made to lower-priority districts during the first and second quarters of that year may not be taken back and redistributed to first- or second-priority districts.
- School district property tax rates may not be adjusted during a tax year when timber excise tax revenues fall short of projections used in calculating the tax rate and levying property taxes for the year.