Broadwater County adopts investment and CIP management policies to formalize financial practice
June 25, 2026 | Broadwater County, Montana
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Broadwater County commissioners voted to adopt two financial‑management policies intended to increase transparency and clarify responsibilities for county investments and capital improvements.
The board approved a Broadwater County investment policy that compiles Montana constitutional and statutory rules on public funds and specifies the county treasurer as the county's investment officer. The commission added an edit directing that any internal written procedures established by the treasurer be used "with approval from commissioners," and approved the policy with that change.
"We need policies written down so employees, department heads and elected officials know what is allowed," a commissioner said during the discussion. County staff noted the policy was developed with input from the county association (Mako) and an investment‑review firm (3+1) that recommends counties adopt written investment policies.
The board also approved a Broadwater County CIP (Capital Improvement Plan) management policy presented by County Administrative Officer Bill Jaroci (recorded in the minutes as Bill J A R O C I). He explained that the policy consolidates multiple department CIP funds into a clearer structure (a general‑fund CIP for county operations while special‑revenue and enterprise funds retain their own CIP accounts) and provides guidance for long‑term capital planning.
Both policies will be posted online and reviewed at least annually by the county treasurer and the Board of County Commissioners, staff said. The motions to adopt both policies passed by voice vote; no public opposition was recorded during the posted comment period.
The board approved a Broadwater County investment policy that compiles Montana constitutional and statutory rules on public funds and specifies the county treasurer as the county's investment officer. The commission added an edit directing that any internal written procedures established by the treasurer be used "with approval from commissioners," and approved the policy with that change.
"We need policies written down so employees, department heads and elected officials know what is allowed," a commissioner said during the discussion. County staff noted the policy was developed with input from the county association (Mako) and an investment‑review firm (3+1) that recommends counties adopt written investment policies.
The board also approved a Broadwater County CIP (Capital Improvement Plan) management policy presented by County Administrative Officer Bill Jaroci (recorded in the minutes as Bill J A R O C I). He explained that the policy consolidates multiple department CIP funds into a clearer structure (a general‑fund CIP for county operations while special‑revenue and enterprise funds retain their own CIP accounts) and provides guidance for long‑term capital planning.
Both policies will be posted online and reviewed at least annually by the county treasurer and the Board of County Commissioners, staff said. The motions to adopt both policies passed by voice vote; no public opposition was recorded during the posted comment period.
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