State Investment Fund
The State Investment Fund (SIF) is a pool of cash balances of various state and
local governmental units created by the State under
section 25.14 of the statutes. It includes retirement trust funds cash balances pending longer-term
investment and is the State's
cash management fund. By pooling idle cash balances of all state funds, it
provides the State's general fund and 47 participating state agencies with the
needed liquidity for operating expenses.
Over 1,000 local units of government also deposit revenues in the SIF until they
are needed. These funds are referred to as the
Local Government Investment Pool
(LGIP). The Wisconsin Department of Administration administers the accounts
of LGIP members and additional information, including rates, are available from
LGIP home page.
The objectives of the Fund are to provide liquidity, safety of principal and
competitive rates of return. The Fund is invested primarily in obligations of
the US government and its agencies, and high quality commercial bank and
corporate debt obligations.