The Department of State Treasurer is a member of the Council of State. The State Treasurer's Office is made up of six divisions:

• The Administrative Services Division is organized to provide support services to the State Treasurer and the program divisions within the Department. In addition, the Administrative Services Division is also responsible for the administration of the State's Escheat and Unclaimed Property Program.

• The Financial Operations Division manages all banking and accounting operations for the Department of State Treasurer running smoothly. The General Assembly of North Carolina has authorized a centralized system for managing the flow of moneys collected and disbursed by all State agencies. Rather than each agency having an account with a commercial bank, disbursement accounts are maintained with the State Treasurer. This system assures that the State is the prime beneficiary of the flow of its funds through the commercial banking system in the course of conducting State business. 

• The Information Technology Division provides computer applications and network support in order to keep the Department of State Treasurer running smoothly. The Information Technology division also keeps up-to-date with the latest technology developments in order to serve the Department of State Treasurer and the beneficiaries of the department. 

• The Investment Division, which serves as the “State’s Banker,” and as the “State’s Chief Investment Officer.” The State Treasurer administers the Cash Management and Trust Funds Investment Programs. As such, the Treasurer is directed by statute to "establish, maintain, administer, manage and operate" investment programs for all funds on deposit, pursuant to the applicable statutes. In so doing, the Treasurer "shall have full power as a fiduciary" and shall manage the investment programs so that the assets "may be readily converted into cash as needed."

• The State and Local Government Finance Division serves the citizens of the State by issuing debt for units of local government and public authorities, monitoring the repayment of their debt, and overseeing the fiscal activities and financial soundness of all local governments and public authorities. These activities provide greater assurance to lenders that North Carolina units will be able to repay their debt, which results in lower debt borrowing costs for the State's local governments. The Division assists units in accessing capital markets for their debt in order to help them meet their current infrastructure needs while minimizing the costs of borrowing. The Division is also involved in the fiscal affairs of all North Carolina local governments and public authorities in order to promote sound fiscal management and protect the public's assets. Its oversight responsibilities include the areas of auditing, accounting, cash management and debt management. The Division provides the State Treasurer, the Local Government Commission, the North Carolina Solid Waste Management Capital Projects Financing Agency, and the North Carolina Educational Facilities Finance Agency with staff assistance in fulfilling their respective public purposes. 

• The Retirement Systems Division of the Department of State Treasurer administers the statutory retirement and fringe benefit plans, as authorized by the General Assembly of North Carolina, which cover the State’s public employees. The administration of the several retirement systems requires a high level of fiduciary responsibility for the employees’ trust funds with prudent, honest and efficient use of employees’ and taxpayers’ contributions. The public purpose of the existence of retirement systems and benefit plans is to recruit and retain competent employees for a career in public service, by providing a replacement income for retirement, disability, or at death for an employee’s survivors. The organizational structure herein shows the functional arrangement of the tasks performed in this Division.

We are a new member of the sustainability program. As such, we are committed to promote environmental stewardship in all aspects of the department.

The State Treasurer's Office commits to:

• Educate and train employees, vendors, contractors and the population for which the department serves on environmental issues that affect the department;

• Always strive to improve the department's environmental management system where it is technologically and economically feasible;

• Build bridges between the department and other state agencies by sharing ideas;

• Improve the public image of the department by the implementation of sound environmental practices; and

• Comply with applicable federal, state and local environmental, health, and safety laws and regulations.

At present, the State Treasurer's Office already has several programs in place that fall under the sustainability program:

• office paper recycling;

• newspaper recycling;

• glossy magazine recycling;

• aluminum can recycling;

• cardboard recycling;

• printer cartridge recycling;

• ordering recycled products when possible;

• copying on both sides of paper when possible;

• using e-mails instead of memorandums when possible; and

• using Faxmaker software to fax directly from the computer when possible, instead of using a fax machine.

We have formed a core team of employees who will work on sustainability issues in the Department. The State Treasurer’s Office would like to be a part of the sustainability program to promote more efficiency in our office and to generate cost savings as a result.