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:
- FY09 New Money
- Restructure 2005DE Variable Rate Bonds
- Maximize interest earning in a continuing low rate environment
- Banking services RFP
- Improve cash forecasting process
Accomplishments
Within the past Fiscal Year we have accomplished:
- FY08 New Money
- Series 1997A (Swaption/Off Market Refunding)
- Restructure Auction Rate Security Debt
- Maximize interest earnings in a declining rate environment
- Provide online consolidated banking service to all CPS schools with a competitive interest rate and fees
Resources