The Office of the State Treasurer (OST) manages the Local Government Investment Pool (LGIP) on behalf of more than 500 taxing bodies within Washington state. Putting short-term surplus cash into LGIP, with 100 percent liquidity, allows local governments the ability to earn better interest on these funds than they likely would, otherwise. In 2017, OST for the 20th year in a row won national peer recognition for excellence in financial reporting on the pooled fund.