The Colorado State Treasury is the constitutional custodian of the public's funds. It is the Treasury's duty to manage and account for the citizen's tax dollars from the time they are received until the time they are disbursed. The Treasury's staff is committed to safeguarding and managing the people's monies with the same diligence and care as they do their own.
What the Treasury Does
The State Treasurer and his staff serve the citizens of Colorado by providing banking, investment, and accounting services for all funds and assets deposited in the Treasury. By continually optimizing cash flows and maximizing yield on the state's investments, Treasurer Stapleton plays an important role in helping to minimize the tax burden on Coloradans.
The Department of the Treasury is organized into five different operating sections: Accounting, Investments, Cash Management, and Administration. The Treasurer is also responsible for managing the state's unclaimed property division - The Great Colorado Payback.
S.M.A.R.T Government Act
The State Measurement for Accountable, Responsive, and Transparent Government Act, or S.M.A.R.T. Act, initially required each agency to create a Strategic Plan to identify opportunities for improvement and efficiency. The S.M.A.R.T. Act was recently revised by House bill 13-1299 as an attempt to streamline this process, requiring the Governor’s Office of State Planning and Budgeting (OSPB) to provide agencies instructions on how to create a performance plan. It also requires OSPB to provide instructions for additional routine performance evaluations and performance reports now required by HB 13-129
HB 13-1299 excludes the Treasurer’s office from this collaborative effort, and requires the Department to post its own instructions to itself as to how it will develop its own performance plan. The following are documents required by HB 13-1299, including the Department’s regulatory agenda.
While the bill requires a performance plan by July 1, 2014, the Treasurer’s office has opted to create a preliminary draft of this plan to submit with its budget request on November 1, 2013.
Independent Registered Municipal Advisors (IRMA) Letter
In response to receent regulations by the Municpal Securities Rulemaking Board, the State of Colorado has retained Independent Registered Municipal Advisors to, among other things, provide advice to the State related to issuance of municipal securities and municipal financial advisors. For a a copy of the State's IRMA letter, please click on the link below.