Cash Management
The Cash Management functions of the Treasury have been developed to speed the flow of funds into the Treasury. These funds are used to pay for state government services to the public. Funds awaiting disbursement are invested. Cash management techniques used includes maintenance of a statewide cash concentration system for deposits and a consolidated revolving account.
The cash concentration system allows state agencies to deposit funds directly to the Treasury bank account at hundreds of bank locations.
The consolidated revolving account allows state agencies to receive interest on account balances and operate small disbursement accounts with no service charges.
Accounts Outside the State Treasury
The Chief Financial Officer's role in approval for procurement of banking services is described in Rule 69C-9, Florida Administrative Code. This rule specifically establishes procedures to be followed for the development of specifications for bids and requests for proposals including methods of evaluation, evaluation criteria and standard contract terms related to banking contracts.