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Agency 090
State Treasurer
Article III, State Constitution; RCW 39.58, 43.08, 43.33, 43.84, 43.180, WAC 389-12, and 210-01

Request $11,588,081
Net change from current biennium $569,558 Increase
Percent change from current biennium 5.2% Increase


The State Treasurer is responsible for formulating and executing policy for the management of the State Treasury and related financial resources of the state.

The goals are to: promote and maintain public trust and confidence through the consistent application of responsible financial practices; promote prudent financial practices in partnership with other governmental entities; provide quality services to customers in an accurate, efficient, and timely manner; provide a supportive work environment that promotes employee growth and morale; and improve the efficiency and productivity of agency operations through the application of innovative ideas and cost-effective technology.

Objectives are to: invest the state's short-term cash reserves for maximum prudent return; promote responsible financial practices to ensure the unimpeded inflow of moneys to the state's bank accounts and the timely outflow of moneys to state and local governments, vendors, beneficiaries, claimants, and employees; promote practices to increase the daily amount of money available for investment; provide financing recommendations and operational services to the State Finance Committee to support the state's capital budget through efficient, low-cost borrowing; and efficiently and effectively provide the information necessary to operate the agency.

Agency Level Summary

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Operating Budget: Summary
1995-97 Appropriations Appropriated Funds Expenditures
Amount Estimated Balance 1993-95 Actual 1995-97 Estimated 1997-99 Proposed
General Fund - Basic Account - State 4,990,000
Motor Vehicle Account - State 44,000
11,020,659 2,136 State Treasurer's Service Account - State 9,705,317 11,018,523 11,588,081

11,020,659

2,136

Total Appropriated Funds

14,739,317

11,018,523

11,588,081


Operating Budget: Summary by Object

1994-95 Actual 1995-96 Estimated 1996-97 Estimated 1997-98 Proposed 1998-99 Proposed
Salaries And Wages 2,979,270 3,153,329 3,387,058 3,362,747 3,405,213
Employee Benefits 698,138 739,676 793,011 788,842 794,856
Personal Service Contracts 19,930 180,070
Goods And Services 1,163,829 1,259,305 1,363,000 1,790,857 1,394,598
Travel 22,471 22,777 30,000 21,157 21,341
Capital Outlays 106,343 24,822 52,000 38,500 38,500
Grants, Benefits & Client Services 405 100
Debt Service 223,168 342,403 279,014 342,402 279,014
Interagency Reimbursements (352,679) (327,972) (300,000) (344,973) (344,973)

Annual Total

4,840,945

5,234,370

5,784,153

5,999,532

5,588,549

Fiscal Year 1993-94 9,898,372
Biennium Total

14,739,317

11,018,523

11,588,081


Operating Budget: Change from Preceding Biennium

1993-95 Actual 1995-97 Estimated 1997-99 Proposed
Amount Percent Amount Percent Amount Percent
Treasury Administration 4,980,261 51.0% (3,720,794) (25.2)% 569,558 5.2%
Belated Claims (509) (100.0)%

Total

4,979,752

51.0%

(3,720,794)

(25.2)%

569,558

5.2%


Employment Summary

1994-95 Actual 1995-96 Estimated 1996-97 Estimated 1997-98 Proposed 1998-99 Proposed
FTE Staff Years 68.4 69.8 72.5 72.5 72.5
Average FTE Staff Year Costs 43,557 45,177 46,718 46,383 46,968