Sheridan Commission OKs Participation in Investment Pool

Sheridan County’s Commissioners have approved participation in the Wyoming Cooperative Liquid Assets Securities System (Wyoming CLASS) authorizing the county treasurer to invest county funds in the brokerage house.

County Administrative Director Renee Obermueller explained that the resolution amends the designated depositories to add Wyoming Class.

According to wyomingclass.com, the entity was created to provide a convenient method for political subdivisions to pool their liquid assets collectively. The objective is to generate a high level of current income for the participants while maintaining liquidity and preserving capital by investing only in instruments authorized by Wyoming State Statutes and the Wyoming CLASS Investment Policy.

Commissioner Nick Siddle said it is another tool in the toolbox, and although the county may not put money in it, it will be available to use if they choose.