Duties Section 4-43-2 NMSA 1978 requires the treasurer to keep account of all moneys received and disbursed to the county; keep regular accounts of all warrants drawn on the treasurer and paid; and keep the books, papers and moneys pertaining to his/hers office ready for inspection by the county commissioners at all times. All moneys under the treasurer's control include, but are not limited to; property tax penalties and interest, state shared taxes; gross receipts taxes; lodgers' taxes; franchise taxes; licenses and permits; charges for services; fines and forfeits, including forfeiture of funds; miscellaneous revenues; other revenues including contributions, donations, investment income, refunds, rents, royalties, insurance and inter-governmental grants.
Section 6-10-8 NMSA 1978 states the treasurer of each county in the state have supervision of deposit and safekeeping of public money in the county. The treasurer determines how to deposit and invest county funds. That decision must then be approved by the board of county commissioners, sitting as the board of finance.
The board of finance must adopt an investment policy and permit the treasurer to make investment decisions that conform to the policy. [7/15/98; Recompiled 10/01/01]