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.
- IMET 2023 Annual Comprehensive Financial Report
- IMET 2022 Annual Comprehensive Financial Report
- IMET 2021 Annual Comprehensive Financial Report
- IMET 2020 Annual Comprehensive Financial Report
- IMET 2019 Annual Comprehensive Financial Report
- IMET 2018 Annual Comprehensive Financial Report
- IMET 2017 Annual Comprehensive Financial Report
- IMET 2016 Annual Comprehensive Financial Report
- IMET 2015 Annual Comprehensive Financial Report
Recent News
IMET gives an outlook for 2025 in this article here:
Outlook for 2025: Balance and Caution
Read moreClick on the link below to read the latest IMET Monthly Newsletter:
IMET January 2025 Monthly Newsletter
Read moreAs we embark on a new year, join us as we welcome new leadership. Several of our Trustees are stepping into exciting roles on the IMET Board. To view the IMET BoT, click here.
Read moreThis article discusses why local governments should invest in a Local Government Investment Pool (LGIP). It covers the important benefits that LGIP's offer to local governments as well as the differences among the LGIP's.
Why You Should Invest in a Local Government Investment Pool
Read more