The Office of the State Treasurer is responsible for the banking, cash management, and investment functions for all State funds. This involves moving funds to cover payroll, vendor, and other disbursements, and transferring receipts to interest-bearing accounts and investment instruments as quickly as possible to maximize return. Cash accounting and reporting, cash positioning and forecasting, and bank account administration are conducted under the authority of the Treasury Operations Director, while investments are overseen by the Director of Investment and Debt Management. More than $4 billion in both net receipts and disbursements is managed annually. The combined mission of these two divisions is to maximize return on public monies while maintaining the highest standards of safety and liquidity.

Bank Reconciliation Best Practices