The Treasurer's Cash Management responsibility under C.R.S. 24-22-107(6) extends to all areas of the state government. Cash-management objectives include expediting the deposit of revenues while paying obligations as close to the due date as possible in order to maximize cash balances and increase investment returns. Another objective is expanding the use of electronic transactions to replace paper payments. Through the use of credit cards, automated clearinghouse (ACH) payments, or wires sent through the Federal Reserve Bank, the Treasurer reduces processing costs and better manages the timely distribution of state funds.
The Cash Management staff provides efficient management of state receipts and disbursements, ensures effective banking services to state departments, and offers cash-management assistance to state departments and local governments. The latter service is authorized under C.R.S. 24-22-107(6.5) and is initiated only by an invitation from the department or local government. The assistance includes an analysis of the financial operations and recommendations to reduce expenses or provide additional revenues. Operations typically examined include cash processing, banking services, and investment policies and programs. There are no fees for the assistance, except for travel expenses incurred if an on-site visit becomes necessary.
To request cash-management assistance, please email Treasurer Stapleton briefly describing your current financial operations and assistance needed. For additional information, please contact the Cash Management Staff at (303) 866-3253.