OPENING AN ACCOUNT IN THE CENTRALIZED STATE TREASURY SYSTEM - 8001.1

Agencies/departments must submit a letter to the Department of Finance, Fiscal Systems and Consulting Unit (FSCU) requesting approval to open an account in the Centralized State Treasury System (CTS). The steps below outline the process to open an account in the CTS.

1. The request must include the legal name of the agency/department and the official designation of the account, for example:

    

   Department of General Services

   General Checking Account

    

2. If approved, FSCU will send a letter of approval to the agency/department and a copy to the State Treasurer's Office (STO).

    

3. STO will assign a CTS account number and forward a copy of the approval with account number designation to the agency/department and to the State Controller’s Office, State Accounting and Reporting Division.

Most agencies/departments will require only one CTS account even though they may have more than one general ledger cash account (i.e., General Cash, Revolving Fund Cash, and Agency Trust Fund Cash). The title of such CTS account will be "General Checking Account." Special circumstances may require separate CTS accounts. In such instances, the agency/department will request approval to establish such accounts from FSCU. Requests should include the purpose or reason for a separate account.