Commonwealth of Pennsylvania – Treasury Department – INVEST Program for Local Governments, INVEST Daily and INVEST Community Pools – Audit Period Ended December 31, 2024

The INVEST Program for Local Governments is a diversified investment initiative by the Commonwealth of Pennsylvania’s Treasury Department, aimed at providing local governments and certain non-profit entities with a secure, low-cost, and liquid investment mechanism. It encompasses two main pools: the INVEST Daily Pool and the INVEST Community Pool, both of which have no specific balance or term requirements. The program emphasizes maintaining safety of principal, liquidity, and competitive market returns. An independent audit, conducted in accordance with GAAP and Government Auditing Standards, confirmed the fair presentation of the financial position of these pools as of December 31, 2024. The audit highlights a robust internal control system and compliance with financial regulations. Overall, the INVEST Program offers local governmental entities an effective alternative for managing their investment portfolios.