There are 13 departments within the Ohio Treasury. Below is a brief description of the departments.

Accounting
Administration
Center for Public Investment Management
Community Education
Compliance and Risk Management Assessment
Human Resources and Fiscal Services
Information Technology Services
Internal Audit
Investments
Legislative
Public Affairs
Revenue Management
Trust Department

Accounting

The Accounting Department consists of three divisions: General Ledger, Reconciliation, and Warrant Processing. Its clients are numerous state agencies, boards and commissions, including the Bureau of Workers' Compensation (BWC), the Public Employees Retirement System and the State Teachers Retirement System. The General Ledger Division posts all entries and maintains the financial books for state revenues and cash investments, as well as custodial cash and investment balances.

The Reconciliation Division is responsible for reconciling the bank accounts for the state and the various custodial agencies. Divisional personnel reconcile all of the accounts, research any exceptions and ensure that corrections are completed.

The Warrant Processing Division processes all state warrants and warrants for several custodial entities such as BWC, the state retirement systems and unemployment compensation. It is considered the check-processing center of state government.

Administration

The Administration Department manages all Treasurer of State (TOS) operations and directs all office-wide policies as they relate to Treasurer's Office staff. The department also provides administrative support for the Treasurer. In addition, the Operations Division works with department directors to implement polices as directed by the Treasurer and to enforce contract compliance with the various financial institutions that participate in Treasury operations.

Center for Public Investment Management

As an educational outreach for the Treasurer of State's Office, the Center for Public Investment Management (CPIM) provides continuing education to Ohio's public funds managers and their oversight authorities. It is CPIM's mission to offer the highest standard of comprehensive education and instruction in the areas of cash management, investments, public finance, and compliance and reporting.

The 2005 program "Maximizing Impact & Minimizing Risk," focused on prudent investment strategies and risk management. CPIM offered two separate conference tracks to better meet the diverse educational needs of the state's local government finance officers. The basic level, "Mastering the Fundamentals of Public Finance Management," was designed to deliver the foundational building blocks of investments and cash management, while an advanced level conference, "Advanced Approaches to Public Finance Management," highlighted complex topics at a more in depth level and interactive level.

Communications

The Communications Department is responsible for coordinating internal and external communications involving TOS goals, services, initiatives, and accomplishments. The dissemination of this information is accomplished via: the news media; the Treasury Web site; TOS publications; coordination with the Treasury's regional representatives; and management of the Treasury's toll-free telephone lines. Departmental staff also coordinate public appearances by the Treasurer.

Community Education

The Community Education Department was created to provide financial education programs to Ohioans. The focus of the Community Education Department is to help Ohio citizens make more informed decisions about personal finances by sharing the financial expertise of the Treasurer's Office. The Women & Money Program, a free personal finance series tailored primarily for women, continues to be a popular program provided by the Community Education Department with the support of Treasurer Cordray. The program has served more than 14,000 women in the past six years. Seminars for this program have been held annually in various cities throughout the state.

Compliance and Risk Management Assessment

This new division within Administration, Compliance & Risk Management Assessment, was established to implement and manage the Operational Risk Management program. State Treasury Operational Risk Management evaluates continuously the effectiveness of procedures, encourages across-the-board staff participation in TOS problem solving, and works to increase the cross-departmental knowledge base. Operational risk is the risk of a direct or indirect loss that results from inadequate or failed internal processes, people, systems, or external events.

Human Resources and Fiscal Services

The Human Resources and Fiscal Services Department is responsible for developing and monitoring the budget for the Office of the Treasurer and paying the day-to-day operating bills.

It is also responsible for the purchasing of goods and services for the office.

The department administers all human resource activities including recruitment and selection, labor and employee relations, benefits, employee training and development, and payroll.

Information Technology Services

The Information Technology Services Department is responsible for supporting, developing and implementing technical solutions that promote efficiencies, align with business process, keep pace with emerging technologies, and ensure the safety and security of all digital assets.

The department has three divisions: Network Support, Desktop Support, and Applications Support.

The Network Support Division is responsible for the implementation and support of all network architecture platforms. The Application Support Division is responsible for development and support of in-house business applications. The Desktop Support Division oversees all desktop/laptop systems, printers, software and components, the help desk and customer support services.

Internal Audit

Internal Auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. The Internal Audit Department helps the Treasury accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.

Investments

The primary responsibility of the Investment Department is to actively manage the state's multi-billion dollar investment portfolios. These portfolios include the State of Ohio Regular Account (including the General Revenue Fund), the Ohio Lottery Deferred Prizes Trust Fund and STAR OHIO. The Investment Department staff is responsible for developing strategies designed to maintain target levels of safety, liquidity and return as directed by the Treasurer's Investment Policy.

Legislative

The Legislative Department serves as the liaison between the Office of the Treasurer and the members of the Ohio General Assembly. Its staff represents the interests of the Treasurer and Treasury before the Legislature. They provide public testimony on bills that impact the Treasurer's Office, its operation and programs. They also respond to constituent inquiries for legislators and provide members of the General Assembly with information on the Treasurer's programs.

Revenue Management

The Revenue Management Department is responsible for the collecting, processing and payment of state revenue, for expanding the state's use of electronic payments, and for providing cash management services to state agencies. The department includes three divisions:

• Cashier Services receives and receipts billions of dollars annually in state funds due from other state agencies. With the use of Automated Clearinghouse (ACH) payments or wires processed through the Federal Reserve Bank, the division controls the timely disbursement of state funds. The division also processes forgery claims on state and custodial warrants, and determines the daily cash position of the state used to invest state funds.
• E-Payment Services works closely with state agencies, payment processors and banks to utilize the latest cash management techniques to provide timely and accurate deposits. The division is working to expand the acceptance of ACH payments and credit cards as a method of payment to the state.
• Lockbox Revenue Services uses an automated check-remittance system to process payment data for state agencies. The system is also used to image and archive state checks. Millions of images are maintained for retrieval for research purposes. Each year this division encodes and deposits more than three million checks resulting in more than $5 billion in receipts.

Trust

The Trust Department is comprised of two divisions: The Compliance Division and the Trust Operations Division. The Compliance Division oversees the safekeeping of investments for the following funds, all of which are in the custody of the Treasurer: Bureau of Workers' Compensation; Ohio Tuition Trust Authority; State Teachers Retirement System; Public Employees Retirement System; Police and Fire Pension Fund; State Highway Patrol Retirement Fund; School Employees Retirement System; Tobacco Use Prevention and Control Endowment Fund; and the Southern Ohio Agricultural and Community Development Fund. Trust compliance analysts also monitor whether custodial banks are in compliance with State Depository agreements as they relate to custody services and whether securities-lending agents appointed by the Treasurer are in compliance with the Treasurer's policies.

The Trust Operations section is responsible for posting and reporting investment income, ensuring custodial banks' records are in agreement with the Treasurer's Investment Accounting system, and reviewing trade confirmations and custody fee invoices to ensure accuracy. This division is also responsible for ensuring sufficient and eligible collateral is pledged by all state depositories and for safekeeping securities for various state agencies as required by the Ohio Revised Code.