The State Treasurer’s Office serves as the state’s bank and records the receipt and disbursement of all state money. Every day the State Treasurer’s Office:
Performs a variety of financial transactions that concentrate money collected by all state agencies into the state’s servicing bank.
Coordinates anticipated cash flows and communicates this information to the Portfolio Managers so they can make accurate revenue forecasts and optimal investments.
Ensures that all financial activities are performed in a secure environment to speed up the safe movement of funds.
Incorporates innovative ideas and cost-effective technology to improve the financial services it offers to provide the accuracy, efficiency, security, transparency, and accountability demanded by both state agencies and taxpayers.
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