The Treasury operates a cash management system and performs standard treasury functions such as operating a statewide deposit concentration system and receipts and payments posting systems. The Treasury also operates a large collateral management program to protect the financial assets pledged by entities doing business in the state or with the state and manages a supplemental retirement program for state and other public sector employees.

The Treasury has three bureaus that fulfill its statutory responsibilities.

• Collateral Management administers assets such as cash, certificates of deposit, letters of credit, and marketable securities that are deposited with or pledged to the bureau for safekeeping. These collateral assets are required of banks, trust companies, insurance companies, and other parties by state agencies and other Florida governmental units as a condition of doing business in Florida. The bureau also administers Florida's Public Deposits Program.
• Deferred Compensation manages the Deferred Compensation Plan, a voluntary pretax retirement program that supplements employee investment in the Florida Retirement System Pension and Investment Plans and provides employees of the State of Florida with tools to help prepare for financial security during retirement. To achieve this goal, the bureau partners with five investment providers to offer investment products.
• Funds Management operates a cash management system to maximize investments by speeding the flow of funds into the Treasury and performs standard treasury functions such as operating statewide receipts and payments posting systems. In addition, the bureau manages the Treasury Investment Pool, which is a fixed income investment operation for both general revenue and trust funds and funds of organizations participating in the Special Purpose Investment Program.

As of April 2021, Florida Treasury Investment Pool holdings had a total market value of $36,843,876,417.

In Fiscal Year 2020-21, the average gross investment yield on Treasury investments was 1.86%, a decrease from the Fiscal Year 2019-20 investment yield of 3.28%. The Treasury Investment Pool is managed using conservative investment principles to provide liquidity and generate incremental returns for the state and other government-related organizations.

Other Reports

Florida Treasury Annual Report Fiscal Year 2019-20, February 2021. 

Department of Financial Services - Division of Treasury Selected Treasury Systems - Information Technology Operational Audit, Auditor General Report No. 2020-056, November 2019.

Department of Financial Services - Florida Accounting Information Resource Subsystem (FLAIR) and Origami Risk Insurance Management System (Origami) - Information Technology Operational Audit, Auditor General Report No. 2018-025, October 2017.
Department of Financial Services - Investment Accounting System (IAS) and Cash Management System (CMS) - Information Technology Operational Audit, Auditor General Report No. 2015-096, February 2015.
Florida's Comprehensive Annual Financial Reports, Florida Department of Financial Services.

Websites of Interest
National Association of State Treasurers

Performance Information

Performance measures and standards for the department may be found in its Long Range Program Plan.

Chapters 17 and 280, Florida Statutes.

Treasury Division, 850-413-3165, email:  FloridaTreasury@fldfs.com

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