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

1. Steve Weber, CPA
Will County Treasurer

2. Certified Public Accountant, 1986
Bachelor in Accounting, Lewis University
Chief Deputy Auditor, 1986-2000
Will County Auditor, 2000-2008
Elected Treasurer in 2010

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.  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.  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. We reduced cost and increased service by
aggressively negotiating with banks.

7. We regained an entire month for our
employees to focus on their primary job.

8. We leveraged our $100 Million Credit
Card Portfolio for lower fees and
improved service for staff and public.

9. Yes, Will County “lost” a $140,000 check
to Cash Dash and didn’t know it.

10. Pending Legislation

11. Will County Treasurer’s Office

12. Township Assessor
Determines NEV
County Clerk Calculates
Your Tax Bill
Treasurer Mails the Bill

13. Banks, Credit Unions, and
Will County Collect Funds
Treasurer Invests
Collection to Earn Interest
Distribute Levy Funds and
Interest to Taxing Districts

14. Will County Treasurer’s Office

15. 1. Follow Federal and State Law
2. Maintain the Public Trust
3. Provide Sufficient Liquidity
4. Preserve Capital
5. Control Risk through Diversification
6. Maximize Yield while Minimizing Risk

16. Fifth-Third
Asset
Mgmt, $25,0
61,532
William
Treasurer's Blair, $103,8
Office, $168 51,931
,312,718

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% Money
Bonds 0%
0% Market
Corporate
Municipal 16%
Bonds
15% Bonds
Commercial 2%
Paper TIPS
Cash Treasury Notes
3% 3%
29% 0%

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. $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
Treasurer's Class C Fund Corproate Class C Fund
Special Trust Fund Levy Interest Distribution

20. Steve Weber, CPA
Will County Treasurer