ABOUT THE TREASURER'S OFFICE
Our Mission is to maximize
taxpayer value by promoting responsible cash
management and investment practices statewide.
Administration - The role of the Administration unit in the office is to prepare the operating budget, perform personnel and fiscal functions, expand the use of information technology, and administer programs such as Deferred Compensation. This unit is also responsible for the disbursement of certain state aid programs and promoting financial literacy initiatives including the Delaware Money School.
Cash Management - This group manages the State's cash and oversees relationships with banks and money managers. They track state revenue earned from dividend and interest income and are responsible for reconciling the State's daily cash position. State credit card point of sales and the Delaware Local Government Investment Pool (DELGIP) are also the responsibility of this unit.
Debt Management- The State's general obligation bond authorizations, issuances, defeasances and refundings as well as the disbursement of interest to special funds and assignment of local school debt all fall within the Debt Management Unit.
Receipts and Disbursements - This part of the Treasurer's Office is responsible for reconciling the State's bank accounts and payroll; processing cash receipts, handling stale-dated checks and check reissues; and producing check and electronic payments for vendors, payroll, revenue refunds, the Pension Office and Delaflex.
