The County’s investment pool has grown substantially over the years, the highest balance recently reaching over $4.5 billion. Consequently, the trade volume has also increased along with a greater workload in security research and analysis and credit monitoring. Approximately 85% of all investment activity is handled by the Treasurer’s division. A single Treasurer’s Investment Operations Analyst position is no longer sufficient to maintain the workload as is. The Investment Operations cannot afford the risk of having only one position to cover the increasing number of investment transactions. The funding for this position would come from the recently vacated Collection Enforcement Supervisor position. The Department does not plan to refill this position as the Tax Compliance group has been reintegrated with the rest of the Tax Collector’s division. The Assistant Tax Collector will assume the tasks of the Collection Enforcement Supervisor. Additionally, there is a need for a dedicated trained individual to oversee and address personnel matters as well as file, maintain and update related Human Resource and Risk Management documents. The funding for this position would come from an Accounting Technician position currently vacant. The Department does not plan to fill the Accounting Technician position as its duties have been redistributed among Account Clerks and Accountants in the Tax Collector’s division.   

If this action is not approved, staffing will not be at the ideal level to accomplish the goals of the Department.