Cash Management and Investments

The Office of the State Treasurer is responsible 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 Director of Financial Operations, while investments are executed by the Director of Finance and Investments. Over $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.