Overview
To manage CPS treasury operations and debt financing activities to optimize cash flow and investment earnings and to obtain the lowest cost financing for capital projects.
Goals
The Bureau of Treasury's main objectives are to:
- Raise funds for Capital Program
- Maximize interest earnings on operating and capital funds
- Minimize debt service expense on capital funds
- Obtain best practices banking/financial services at the lowest cost possible
Current initiatives
Our current initiates include:
- Remaining FY11 New Money
- Extend/Replace Variable Rate Bond liquidity agreements
- Maximize interest earning in a continuing low rate environment
- Centralized banking services RFP
- Improve cash forecasting process
Accomplishments
Within the past Fiscal Year we have accomplished:
- A portion of FY11 New Money
- Restructure of debt principal maturities
- Maximize interest earnings in a declining rate environment, while maintaining adequate liquity
Resources