As the state’s custodian of public funds, the Office of State Treasurer manages the state’s banking relationships, cash collection and concentration from state agencies, the funding of disbursements, and reconciliation of state bank accounts.
The office continuously identifies and implements improvements to business processes and related technologies, which maximize efficiency, limit costs, and control risk. A few examples of these initiatives include:
- Initiate a competitive procurement process for the state’s merchant services contract saving $5.7 million.
- Maximize interest earned on state cash by implementing processes and technology that has allowed the office to reduce idle cash balances in bank accounts by $30 million.
- Work strategically with state agencies to implement new banking technologies, including remote deposit capture, disbursement technologies, collection technologies, and image cash letter to name a few.
Staff Contacts:
Chief Deputy State Treasurer
Kirt Slaugh
(801) 538-1472
kslaugh@utah.gov
Cash Manager
Diana Artica
(801) 538-1475
dartica@utah.gov