Participant Accounting
The West Virginia State Treasurer’s Office offers state agencies and local governments the ability to invest funds with other pooled participants through the West Virginia Board of Treasury Investments. Investment pool options include the West Virginia Money Market Pool, the West Virginia Government Money Market Pool, and the West Virginia Short Term Bond Pool.
For a description of the pools, comparative rates of return, and the investment policy established for each pool, please visit the Board of Treasury Investment web page.
To find out about other services available to Local Governments, download the following brochures:
Local E-Government
Local Government Lock Box
For a description of each investment pool, please visit the West Virginia Board of Treasury Investments web page.
HOW DO I OPEN AN ACCOUNT?
1. Provide a Corporate Resolution adopted by the political subdivision’s authorizing body, such as the county commission, school board, city council, board of directors, etc., authorizing investment in the Consolidated Fund and granting authority to a responsible party to make decisions with regard to investment in the pools that comprise the Fund.
If you do not wish to use the Corporate Resolution form, please prepare and submit a document providing the same information. A copy of the governing body's signed meeting minutes is also acceptable.
2. Complete the Local Government Account Form and iPAS Application. This is a two-page form. The first is the application for the investment account; the second page is an application for iPAS – the Internet Participant Access System. iPAS allows account access via the Internet.
3. Mail the Corporate Resolution along with the completed Account Request Form to:
West Virginia State Treasurer’s Office
Attention: Participant Accounting
1 Players Club Drive
Charleston, WV 25311
4. You will be notified once the account is approved.
There is no limit to the number of accounts each participant may open. If you have any questions please contact Participant Accounting at 340-1577.
HOW DO I INVEST IN THE FUND?
Once your account is established, contributions and withdrawals can be completed daily for the West Virginia Money Market and the West Virginia Government Money Market pools. Activity for the West Virginia Short Term Bond pool is processed on the first working day of each month.
The most efficient way to conduct investment account activity is to use iPAS – the Internet Participant Access System. If you have not completed an iPAS application, please contact Diane Holcomb, Director of Participant Account at (304)340-1573 or at diane.holcomb@wvsto.com.
If you are unable to utilize the Local Government Online system, the Deposit, Withdrawal and Transfer forms may be used to request transactions.
The deadline for same-day processing, regardless of the method used to request transactions, is 9:00 a.m. Request received after 9:00 a.m. will be held for next-day processing.
ACH transactions will settle the business day following the process date. The Treasurer's office will initiate all ACH transactions.
Wire transactions will settle the same day as the processing date. You must instruct your bank to initiate wires related to deposits. Please contact Participant Accounting, using the phone number indicated on the Deposit Request form, for wiring instructions.
Please note: If you change bank accounts, please contact the Treasurer's office immediately.
WILL I RECEIVE AN ACCOUNT STATEMENT?
Monthly statements are provided for each participant account.
Forms:
Local Government Resolution Authorizing Investment
Local Government Account Request Form
Local Government Deposit Request
Local Government Withdrawal Request
Local Government Account Transfer
Local Government Online User Application
State Agency Cash Liquidity Pool
State Agency Enhanced Yield Pool
State Agency Government Money Market Pool