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04-147 Office of State Treasurer

The mission of the Department of Treasury is to manage state funds by promoting prudent cash management and investment strategies as well as monitoring, regulating, and coordinating state and local debt obligation as mandated by the Constitution and laws of the State of Louisiana.

The goals of the Department of Treasury are:

1. Implement of Act 1372 of 1997 Regular Session of the Legislature, which creates the State Infrastructure Bank.

2.Develop a better debt management system within the State Bond Commission.

3. Automate the central depository bank account reconciliation process.

4. Develop an interactive cash flow to provide better data for investment decisions.

5. Update the General Fund and LEQTF Investment Policy and Investment Strategy.

The Department of Treasury is responsible for the receipt, custody, investment and disbursement of public funds for the state. The State Treasurer, an elected official, is the chief investment officer and custodian of public funds.

The Department of Treasury, Office of State Treasurer, has four programs: Administration; Financial Accountability and Control; Debt Management; and Investment Management.

BUDGET SUMMARY

This agency's recommended appropriation does not include any funds for short-term debt.

This agency does not have any long-term debt for Fiscal Year 1997-1998.

This agency's recommended appropriation also includes the following amount by means of financing for payments on the unfunded accrued liability of the Louisiana State Employees' Retirement System in accordance with the provisions of Article X, Section 29 of the Constitution of Louisiana:

State General Fund (Direct)

 

$  35,486

State General Fund by:

 

 

     Interagency Transfers

 

41,063

     Fees & Self-gen. Revenues

 

    37,816

 

 

 

Total

 

$114,365


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