Back to Whatcom County home page Whatcom County | Departments | Contacts |  Help |  Search
 Treasurerheader image
  Treasurer  | Auctions  | Payments  | Service Companies  | Contact Us

   
About the Treasurer

About Us

Passport Information

Ferry Tickets

General Questions

Questions About Payments

Questions About Tax Statements

Questions About Transfers

Investments

Debt

 
Debt

The Whatcom County Treasurer's Office actively manages a debt portfolio of approximately $250 million. Some of this debt was issued by Whatcom County itself, but most of it has been issued by the special taxing districts in the County for which we are their Treasurer.

As debt is being issued, the Treasurer's staff works with the bond counsel and underwriters to supply information, then to review and comment on the various legal documents being presented.

Once debt has been issued, the Treasurer's staff tracks the debt service schedules and makes sure the issuing entity has sufficient cash to make the payment. These debt service payments are then made by the Treasurer from funds set aside by the entity for this purpose.

In accordance with RCW 36.48.070, the County Finance Committee was established, consisting of the Treasurer, the Auditor, and the Chair of the County Council. This Committee is responsible for approving the Whatcom County Debt Policy, and for reviewing and updating this policy at least every four years. This policy only applies to debt being issued by Whatcom County, not by the individual special taxing districts within the County.

The Whatcom County Treasurer's Office manages debt, when they have it, for:

  • Whatcom County
  • Seven School Districts
  • Sixteen Fire Districts
  • Eight Water Districts
  • Eleven Cemetery Districts
  • Three Parks and Recreation Districts
  • Council of Governments
  • McCauley Creek Flood Control District
  • Northwest Regional Council
  • Public Utility District #1
  • Whatcom County Rural Library System
  • Point Roberts Hospital District