The Treasurer serves as the banker for the county, accepting deposits from local school and fire districts, the Port of Olympia, Timberland Regional Library, Intercity Transit (IT), and numerous other public service districts operating within the county. The Treasurer invests the money not needed by those entities for immediate expenses and pays interest on those balances. This represents a source of income that is “non-tax” supported. The Treasurer manages the overall cash-flow providing cash to pay bills of these organizations. During 2001, the Treasurer accepted deposits and paid checks or warrants that totaled over $1.8 billion and had an investment responsibility of over $250 million. On behalf of those organizations, the Treasurer also sends annual bills for property taxes to every owner of real and personal property in the county. The Treasurer is responsible for collecting those taxes and distributing the money to the organizations for whom it is collected.