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Steve Weber, CPAWill County Treasurer
Certified Public Accountant, 1986Bachelor in Accounting, Lewis UniversityChief Deputy Auditor, 1986-2000Will County Audito...
 Collects   $1.62 Billion Property Tax Levy     273,000 Parcels     Balanced within 48-cent Manages  $340 Million Coun...
 Office   Without a Mission    Spent 10 Years in Neutral    Emphasis Drifted to Collection    Lack of Innovation    R...
 Focused   on Employee Morale    One-On-One Meetings with Staff Employee    Focus Group (without Managers)    Identifi...
We reduced cost and increased service byaggressively negotiating with banks.
We regained an entire month for ouremployees to focus on their primary job.
We leveraged our $100 Million CreditCard Portfolio for lower fees andimproved service for staff and public.
Yes, Will County “lost” a $140,000 checkto Cash Dash and didn’t know it.
Pending Legislation
Will County Treasurer’s Office
Township AssessorDetermines NEV   County Clerk Calculates   Your Tax Bill      Treasurer Mails the Bill
Banks, Credit Unions, andWill County Collect Funds   Treasurer Invests   Collection to Earn Interest      Distribute Levy ...
Will County Treasurer’s Office
1.   Follow Federal and State Law2.   Maintain the Public Trust3.   Provide Sufficient Liquidity4.   Preserve Capital5.   ...
Fifth-Third                   Asset               Mgmt, $25,0                  61,532                          William Tre...
Cash   June 2011        Municipal        60%         Bonds           0%                                 CDAR              ...
0.500%   0.471%0.450%0.400%0.350%            0.318%0.300%0.250%0.200%                     0.182%   0.175%0.150%0.100%0.050...
$4,000,000$3,500,000$3,000,000$2,500,000$2,000,000$1,500,000$1,000,000  $500,000       $- $(500,000)      2009         201...
Steve Weber, CPAWill County Treasurer
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Will County Treasurer's Office Overview

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Will County Treasurer Steve Weber's presentation to the County Finance Committee about the office and operations.

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Transcript of "Will County Treasurer's Office Overview"

  1. 1. Steve Weber, CPAWill County Treasurer
  2. 2. Certified Public Accountant, 1986Bachelor in Accounting, Lewis UniversityChief Deputy Auditor, 1986-2000Will County Auditor, 2000-2008Elected Treasurer in 2010
  3. 3.  Collects $1.62 Billion Property Tax Levy  273,000 Parcels  Balanced within 48-cent Manages $340 Million County Funds 20 Full-Time Employees
  4. 4.  Office Without a Mission  Spent 10 Years in Neutral  Emphasis Drifted to Collection  Lack of Innovation  Reactive, not Proactive Managers honestly thought there was nothing they could improve or do better.
  5. 5.  Focused on Employee Morale  One-On-One Meetings with Staff Employee Focus Group (without Managers)  Identified 16 Employee-Based Changes  Implemented 15/16 by Year’s End Shaved $244,000 in Operating Expenses
  6. 6. We reduced cost and increased service byaggressively negotiating with banks.
  7. 7. We regained an entire month for ouremployees to focus on their primary job.
  8. 8. We leveraged our $100 Million CreditCard Portfolio for lower fees andimproved service for staff and public.
  9. 9. Yes, Will County “lost” a $140,000 checkto Cash Dash and didn’t know it.
  10. 10. Pending Legislation
  11. 11. Will County Treasurer’s Office
  12. 12. Township AssessorDetermines NEV County Clerk Calculates Your Tax Bill Treasurer Mails the Bill
  13. 13. Banks, Credit Unions, andWill County Collect Funds Treasurer Invests Collection to Earn Interest Distribute Levy Funds and Interest to Taxing Districts
  14. 14. Will County Treasurer’s Office
  15. 15. 1. Follow Federal and State Law2. Maintain the Public Trust3. Provide Sufficient Liquidity4. Preserve Capital5. Control Risk through Diversification6. Maximize Yield while Minimizing Risk
  16. 16. Fifth-Third Asset Mgmt, $25,0 61,532 William Treasurers Blair, $103,8Office, $168 51,931 ,312,718
  17. 17. Cash June 2011 Municipal 60% Bonds 0% CDAR 10% Commercial Paper Certificates 7% 23% FHLMC Bonds FNMA 8% February 2013 Bonds FHLB Bonds 22%FFCB Illinois Funds 2% MoneyBonds 0% 0% Market Corporate Municipal 16% Bonds 15% Bonds Commercial 2% Paper TIPS Cash Treasury Notes 3% 3% 29% 0%
  18. 18. 0.500% 0.471%0.450%0.400%0.350% 0.318%0.300%0.250%0.200% 0.182% 0.175%0.150%0.100%0.050%0.000% 2009 2010 2011 2012
  19. 19. $4,000,000$3,500,000$3,000,000$2,500,000$2,000,000$1,500,000$1,000,000 $500,000 $- $(500,000) 2009 2010 2011 2012 Treasurers Class C Fund Corproate Class C Fund Special Trust Fund Levy Interest Distribution
  20. 20. Steve Weber, CPAWill County Treasurer
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