Commonwealth of Pennsylvania – Treasury Department – INVEST Program for Local Governments, INVEST Daily and INVEST Community Pools – Audit Period Ended December 31, 2023

The INVEST Program for Local Governments, managed by the Commonwealth of Pennsylvania Treasury Department, offers a diversified investment portfolio that local governments can join. This program features two primary pools: the INVEST Daily and the INVEST Community Pools, designed to provide a secure, liquid, and low-cost investment mechanism tailored to meet short-term cash needs. These pools allow various government and non-profit entities to engage in flexible investment practices without minimum balance or transaction size requirements. An independent audit for the year ending December 31, 2023, confirmed that the financial statements and highlights of the INVEST pools present an accurate view of their financial position, as aligned with generally accepted accounting principles. The audit emphasized the program’s operational priorities of principal safety, liquidity, and income generation, ensuring strong governance and oversight for the participating entities. This provides confidence in the program’s ongoing integrity and stability.