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The State Treasurer has set an investment policy stressing, in order of importance, safety, liquidity, and yield as the key goals for all of the taxpayers' funds entrusted to him. To meet these goals, all funds under Treasury's management are in fixed-income portfolios.
The mission of the Investment Division is to provide investment programs that are safe, prudent, and appropriate for the public purpose of each fund, with rates of return consistently at or above performance benchmarks.
In Fiscal Year 2020, the Treasury Pool earned 2.19%.
For a summary of the different portfolios Treasury manages and their performance, please click here. You may also download a copy of the Treasurer's Investment Policies.
The Treasury Department is responsible for investing most of the state's cash and managing the related investments. Currently the Department manages more than $6.5 billion in more than 750 funds. For efficiency and in order to increase investment yield, most of the monies from General Fund, state agencies, and political subdivisions of the state are pooled for investment purposes. Some funds are managed separately under distinct investment policies.
The Treasury Cash Fund, and its sister fund, Treasury Pool, provide state agencies with the cash-flow liquidity they need to meet near-term financial obligations.
Public School Permanent Fund
The Public School Permanent Fund was created at statehood. It receives money from the School Land Trust and is dedicated to the support of K-12 education.
Major Medical Insurance Fund
The MMIF and Subsequent Injury Fund are special funds within the Division of Worker's Compensation of the Colorado Department of Labor and Employment. The investment portfolio is comprised of money held in excess of current needs, which is held to meet the future medical and indemnity expenses of claimants.
Unclaimed Property Tourism Promotion Trust Fund
The UPTPTF invests the proceeds from the sale of securities held by the state Unclaimed Property program. The investment income from the fund is transferred to the state tourism board to promote Colorado tourism.
Local investment professionals voluntarily serve on the Investment Adviosry Committee as subject matter advisors to the Treasury Investment Staff. The committee's purpose is to offer guidance on broad economic and invstment outlook and best practices in the investment field. The committee meets quarterly to exchange information and ideas, to discuss market trends, to discuss the impact of local and national legilastive acitons, and to offer suggestions related to department, policy, and procedures. These volunteer committee members have no decision-making authority and no fiduciary responsibility for Treasury's portfolios.
For more information on the Investment Advisory Committee, contact the Chief Investment Officer at (303) 866-5651 or e-mail firstname.lastname@example.org.
For Current CD Rates, please contact 303-866-2759.
The State Treasurer supports local banks and small businesses through the certificate-of-deposit (CD) program, while still earning as much on taxpayer dollars as it would if invested in other securities.
Under the program, banks with their primary offices in Colorado may contact the Treasury each Monday to obtain that week's rate for the purchase of 91, 182, or 364-day certificates of deposit (CD). Before a bank may submit a bid, the Treasury carefully screens the bank's financial records and determines the maximum amount it may borrow. Within a bank's permitted figure, the Treasury will lend the bank amounts between $100,000 and $20 million and receive a CD in return.
By law, the Treasury's objectives are first and foremost to protect the taxpayers money. This is why the Treasury screens the banks so carefully. Second, the Treasury must keep sufficient cash on hand to pay the state's bills so, unfortunately, this limits the total amount we can lend to banks. Finally, the Treasury tries to maximize earnings on taxpayers' dollars.
This CD program not only provides a fair return for the taxpayer, it also benefits Colorado's banks and businesses.
Although this program is available to all Colorado-based banks, many of the CDs are purchased from banks located outside of the Front Range. These banks typically use the money to make short-term loans to ranchers, farmers, and small business owners in their local communities.
Program RulesAuthorization Form