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Treasury Responsibilities

The Treasurer's Office Has 10 Major Duties

  1. Cash Management

    37 bank accounts, Collect all State revenues, and Distribute over 2 million vendor and payroll checks per year as well as 506,000 electronic payments

  2. Investments

    $675 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 $2.3 billion in Federal Funds

  5. Trusts & Custodial Services

    $238.3 million in bonds and letters of credit in custody and $24 million in Trust Funds managed

  6. Bonds

    $416 million issued and under management

  7. Revenue Sharing

    $110.6 million distributed to 492 municipalities last year

  8. Unclaimed Property

    $8.0 million returned to rightful owners and $17.3 million recycled to the General Fund last year

  9. NextGen College Investing Program

    $3 billion in investments

  10. Tobacco Settlement

    $272 million invested and managed to date

Related Links

Maine Constitution Article V, Part Third