Contracts are awarded by a formal bid process consistent with the state procurement code and applicable statutes. All banking operations on behalf of state agencies are contracted directly through the State Treasurer unless written permission is given otherwise by the Treasurer. The Treasurer acts as paying agent in honoring state warrants that have cleared the state servicing bank. This allows the Treasurer to determine exact cash outflow and to calculate with certainty daily cash available for investment. Investment holdings and activity reports are generated daily to analyze the Treasurer's cash positions.
Staff has the ability to access security holdings information through online real-time queries.
The Investment Accounting Division is responsible for submitting a monthly report to the State Board of Investment and for continuous review of investment activity for compliance with Arizona Revised Statutes and internal investment policy. Additional Information Additional information is available in the State Treasurer's 2000 Financial Report and the State Treasurer's 2000 Annual Report.