San Bernardino County treasury funds reached an all-time high pool balance of $7,525,893,950.67 at close of business on Friday, April 19, according to San Bernardino County Treasurer Ensen Mason.
“Thanks to strategic money management, a strong economy and my outstanding treasurer staff, San Bernardino County has been able to achieve excellent success in investments this year,” commented Mason. “Every dollar we earn is one dollar less that the taxpayers of San Bernardino County have to pay to fund essential government service such as the sheriff and district attorney.”
The San Bernardino County Treasury pool first went over the $7 billion dollar mark less than four months ago. Since then it has grown by over half a billion dollars, a rapid appreciation.
The San Bernardino County Treasurer’s Office is the custodian of investments for the San Bernardino County Investment Pool. The office provides banking services for the county, adhering to conservative and strategic investment policies that have achieved a “AAA” rating from the Fitch Rating Agency, the highest rating possible.