The position of City Treasurer was created in Seattle’s first City Charter in 1869. The Treasurer administered the collection, management, and disbursement of all City monies, invested temporary surplus cash, kept accounts of all funds received and expended, and administered Local Improvement District assessments. The Treasurer, like the Comptroller, was an elected official until 1992, when a City Charter amendment abolished the two positions and consolidated the two departments into an executive agency, the Department of Finance.