Will County Treasurer's Office Overview
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Steve Weber, the Will County Treasurer, has a long career in accounting and management, overseeing a $1.62 billion property tax levy and $340 million in county funds. His office, previously reactive with a lack of innovation, focused on improving employee morale and implemented significant cost-saving measures, successfully reducing operating expenses by $244,000. The Treasurer's office prioritizes compliance with laws, maintaining public trust, maximizing yield while controlling risk, and ensuring sufficient liquidity.
Will County Treasurer's Office Overview
- 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 Years 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 didnt know it.
- 11. Will County Treasurers 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 Treasurers 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