Support local government investment pools (LGIPs) with disciplined participant servicing, statute-aligned operations, and the operational rigor public funds require.
Local Government Investment Pools
Fund services for local government investment pools
Operate LGIPs with a trusted partner
To operate an LGIP, you need participant-level recordkeeping, daily valuation discipline, statute-aligned compliance, and tight coordination with your sponsoring entity and program manager. Ultimus delivers a service model purpose-built for the public-sector market, with scalable technology and high-touch servicing designed for public agencies rather than retrofitted from retail.
Plan and operate your LGIP with confidence
Deliver participant-level servicing for public-sector investors
Serve municipalities, counties, school districts, and special districts through participant-level recordkeeping, custom LGIP statements, daily liquidity workflows, and online access. High-touch coordination supports each participant type's onboarding, transaction, and reporting needs.
Align operations to state statutes and investment policies
Reflect the statutory framework, investment policy, and fiduciary expectations of the sponsoring entity in every operating workflow. Our processes are built to support statute-aligned discipline across accounting, compliance, and reporting.
Maintain GASB 79 and rating agency readiness
Operate under GASB 79 and maintain Standard & Poor's AAAm or AAm principal stability ratings where applicable. Our accounting, reporting, and oversight workflows support ongoing GASB compliance, portfolio composition monitoring, weighted average maturity tracking, and rating agency review materials.
Operate within a controlled, auditable framework
Maintain transparent, auditable operations across daily valuation, reconciliation, and reporting. Disciplined processes support sponsor oversight, audit readiness, statutory accountability, and rating agency review.
Services and solutions
Transfer agency
Maintain participant recordkeeping across floating NAV, stable NAV, daily priced, and fixed term pricing structures through our automated, NICSA award winning exception-based transaction processing technology that reconciles dollar amounts and trade counts.
Fund accounting
Calculate daily NAVs or weekly amortized cost values across multiple pool structures, post trades, accrue income, and reconcile positions and cash with controls supporting accuracy, transparency, and statutory alignment.
Financial administration
Prepare LGIP financial statements, expense budgeting, and sponsor and board materials with disciplined processes supporting audit readiness, GASB alignment, and rating agency reviews.
Regulatory and compliance services
Run compliance monitoring, investment policy testing, weighted average maturity surveillance, GASB 79 reporting, state statute filings, sponsor disclosures, and rating agency review materials.
Participant and sponsor coordination, onboarding, and training
A dedicated servicing team, aligned to your program manager and sponsoring entity, coordinates participant onboarding and portal training, transaction processing, marketing collateral support, and sponsor communications.
Benefits of partnering with Ultimus
Operate within statute-aligned, public-sector frameworks
Maintain alignment with state statutes, investment policies, GASB 79, and rating agency standards across every administration and accounting workflow.
Support reliable daily pool operations
Deliver accurate daily valuations, reconciliations, and reporting through disciplined accounting and oversight that supports audit readiness and sponsor confidence.
Deliver consistent public-sector participant experiences
Provide reliable participant onboarding, transaction processing, and reporting across municipalities, counties, school districts, and special districts.
Reduce operational risk and complexity
Coordinate administration, accounting, compliance, and servicing with specialized public-sector workflows, recordkeeping, statement design, and reporting.
Support sponsor and board oversight
Provide documentation, reporting, and compliance support designed for sponsoring entity review, rating agency review, and regulatory scrutiny.
Frequently asked questions
Does Ultimus work directly with sponsoring entities or with program managers?
Ultimus services local government investment pools (LGIPs) under both models. We coordinate directly with state treasurers, joint powers authorities, and municipal cooperatives, and we also act as the third-party administrator for registered investment advisor program managers responsible for day-to-day pool management on behalf of the sponsoring entity.
Which pool structures does Ultimus support?
Ultimus services LGIPs across floating NAV, stable NAV, daily priced, and variable date pricing structures, supported by month-end dividend accrual processes and custom statement design for each pool.
What is a local government investment pool?
A local government investment pool is a pooled investment vehicle sponsored by a state treasurer, joint powers authority, or municipal cooperative to provide public-sector participants with safety, liquidity, and competitive returns on public funds. LGIPs operate under state statutes rather than the Investment Company Act of 1940 ('40 Act) and serve municipalities, counties, school districts, and special districts.
Does Ultimus support Standard & Poor's rated pools?
Yes. Many LGIPs maintain Standard & Poor's AAAm or AAm principal stability ratings. Our accounting, reporting, and compliance workflows are designed to support rated pool operations, including portfolio composition monitoring, weighted average maturity tracking, and rating agency review materials.
How does Ultimus use automation to process LGIP participant transactions?
Ultimus processes purchases, redemptions, transfers, and exchanges through award winning technology using an automated, straight-through process that ingests custody bank and participant files based on customizable mapping rules. The platform operates on an exception basis routing only the transactions that need review to our servicing team and provides automatic reconciliation of dollar amounts and transaction counts. The result is faster posting, earlier intraday visibility into pool activity, and a high degree of processing accuracy.