Treasury
The nine-person Treasury Division monitors and records the flow of cash, investment and debt activities for the city. The division also manages the city’s investment portfolio, safely maximizing the interest it receives on funds that might otherwise sit idle.
The division also manages the city’s debt issuance and debt reporting requirements. Treasury is responsible for developing and implementing appropriate debt management policies that enhance the city’s access to the credit markets while minimizing borrowing costs in support of the city’s Capital Improvement Program.
This division also includes the administration of the city’s General Employees Pension Plan, Corrections Officers Pension Plan and the city’s internal banking program.
2011 Budget:
The Treasury Division’s budget is $87,480,792. Of this, the Pension Office has a budget of $11,394,411 and the banking operation includes new financing of $64,761,909 and debt service of $21,140,553.
Click here to view a detailed breakdown of the Finance Department budget.
2010 Budget:
The Treasury Division’s budget was $163,179,087. Of this, the Pension Office had a budget of $8,903,197 and the banking operation included new financing of $113,628,206 and debt service of $38,978,389
Did You Know?
Nearly 98 percent of city pensioners participate in direct deposit, which provides a prompt and secure delivery of pension payments to our retirees while saving the city thousands of dollars in check printing costs.