Treasury Responsibilities

The Treasurer's Office Has 10 Major Duties

1. Cash Management
   46 bank accounts, Collect all State revenues, and Distribute over 1.1 million vendor and payroll checks per year
   as well as 564,652 electronic payments
2. Investments
   $512 million invested in the Treasurer's Cash Pool Portfolio
3. Revenue Forecasting
   5 revenue lines are projected by the Treasurer for the Revenue Forecasting Committee
4. Cash Management Improvement Act (CMIA)
   Assist State Agencies with CMIA compliance in the receipt of $3.6 billion in Federal Funds
5. Trusts & Custodial Services
   $26.7 million in Trust Funds managed
6. Bonds
   $472 million issued and under management
7. Revenue Sharing
   $95.88 million distributed to 493 municipalities last year
8. Unclaimed Property
   $20.1 million returned to rightful owners and nearly $6.4 million recycled to the General Fund last year
9. NextGen College Investing Program
   $6 billion in investments
10. Tobacco Settlement
    $689 million invested and managed to date

Related Links

Maine Constitution Article V, Part Third