About Us

The Illinois Metropolitan Investment Fund (IMET) is a local government investment pool. IMET offers two investment funds for finance officers, treasurers, and other official custodians of municipal funds, and other public agency monies in the State of Illinois. These funds are the IMET Core Fund and the IMET Convenience Fund. IMET also offers a bond and lease DashBoard, arbitrage rebate calculation services for participants whose bond proceeds are subject to federal arbitrage restrictions and cash flow projection modeling.

Welcome

Created in 1996, under the Intergovernmental Cooperation Act and the Illinois Municipal Code, IMET was formed to provide Illinois government agencies with safe, liquid, attractive alternatives for investing. IMET offers participants two separate vehicles to meet their investment needs.

The IMET Core Fund is designed for public funds that may be invested for longer than one year. The Core Fund carries the highest rating available (AAAf/bf) from Moody's for such funds.

The IMET Convenience Fund (CVF) is designed to accommodate funds requiring high liquidity, including short term cash management programs and temporary investment of bond proceeds. It is comprised of collateralized and FHLB LoC backed bank deposits, FDIC insured certificates of deposit and US government securities.

IMET Annual Comprehensive Financial Reports

View our most recent Comprehensive Annual Financial Reports below or view a full list here.

Recent News

IMET SEPTEMBER 2024 Monthly Newsletter
September 20, 2024

In this month's newsletter view our upcoming schedule for conferences and events, check out the link to our other recent articles, read our economic update, and see the August 2024 fund performance.

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IMET AUGUST 2024 Monthly Newsletter
August 21, 2024

In this month's newsletter view our upcoming schedule for conferences and events, check out the link to our other recent articles, read our economic update, and see the July 2024 fund performance.

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Refresher: GFOA Best Practices for Managing Public Funds
August 20, 2024

This article gives a refresher for the GFOA's Best Practices as it pertains to managing public funds.  Even though you may know them well, it is always helpful to review (one might call that a Best Practice).  The article can be found here: Refresher: GFOA Best Practices for Managing Public Funds

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Navigating Fiscal Waters: The Art of Cash Flow Forecasting
July 19, 2024

This article breaks down Cash Flow Forecasting (CFF). It focuses in on what CFF is, what CFF is not, and where to start.

The article can be found here: Navigating Fiscal Waters: The Art of Cash Flow Forecasting for Financial Stewardship

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