The Office of the State Treasurer serves as the bank for South Carolina state government and is responsible for the safety and security of the Palmetto State’s money, now and into the future.
Here is an overview of the responsibilities of the divisions within the State Treasurer’s Office:
The Administration Division is responsible for administrative support to the State Treasurer. That includes budget, planning and accounting, human resources management, payroll, procurement and facilities management.
The Banking & Investment Management Division manages specialized banking services for State agencies and universities and performs daily cash-management functions to maximize bank-available operating funds for investment. Staff invests and manages state and local government funds in accordance with applicable state laws to preserve capital, maintain liquidity and obtain the best return within the appropriate risk parameters.
The Communications Division provides public relations and marketing support to promote greater awareness of the State Treasurer’s Office programs and operations.
The Debt Management Division is responsible for managing the debt for the State, its agencies, institutions and authorities, optimizing the debt structure and ensuring timely repayment of debt when it is due. Staff also manage the State’s Master Lease Program and the Charter School Revolving Loan Fund.
The Information Technology Division is responsible for the development, implementation, support and security of the agency's systems, applications, data, networks and hardware.
The Legal Division provides counsel and advice to the State Treasurer, reviews all contracts for the agency and processes Freedom of Information Act requests.
The Treasury Management Division is responsible for managing statewide cash deposit and disbursement accounting. Duties include payroll payment processing and other disbursements on behalf of the state, administration of Aid to Subdivisions, collection and remittance of court fines, and reconciliation of bank accounts.