The Office of State Treasurer performs a broad array of functions that are critical to the banking, investment, and financing operations of state agencies and municipalities.
The office orchestrates the state’s cash collection, concentration, disbursement, and investment processes. Treasury staff carefully manage banking, brokerage, and custodial relationships to ensure banking operations are conducted in a highly efficient, secure, and cost-effective manner. The office also regularly leads process improvement and cost-saving initiatives that enable the state and municipalities to leverage innovations in banking and payments.
The office also administers the Public Treasurers’ Investment Fund, which provides daily liquidity to state agencies and more than 700 local government entities throughout Utah. Additionally, the office administers several long-term investment funds and a portfolio of statutorily required government escrow accounts and letters of credit.
Money Management Council
The Utah Money Management Council oversees the banking and investment of public funds according to provisions of the Money Management Act and the Rules of the Money Management Council. The council is staffed by the Office of State Treasurer and works in close partnership with the office, the Utah Office of Attorney General, the Utah Department of Financial Institutions, and the Utah Division of Securities.
Deposit and Investment Reporting
The Deposit and Investment (D&I) Reporting Tool enables state and local governments to submit their semi-annually required Deposit and Investment (D&I) reports electronically.
D&I Reporting Tool
Utah Public Treasurers' Investment Fund (PTIF)
The PTIF is available to state and local governments as a short-term cash investment vehicle. The PTIF invests primarily in investment-grade corporate notes, top tier commercial paper, and money market mutual funds. The PTIF invests only in securities authorized in the Utah Money Management Act. The cost to participants of investing in the PTIF is approximately ½ of 1 basis point. The PTIF has approximately $23 billion in assets and generated CY20 investment earnings of $196 million.
PTIF Account Management Tool