STATE TREASURER’S CUSTODIAL AND TRUSTEE ACCOUNTS - 8870

As the custodian of state moneys, trustee for securities, and banker to state agencies/departments, the State Treasurer’s Office (STO) accounts for two main classes of transactions:

1. Transactions common to all state agencies/departments.
2. Transactions of a fiscal nature mostly concerned with the state’s central accounts.

In accounting for these two classes of transactions, the STO uses the three self-balancing groups of accounts below:

1. The Cash Group—consists of those accounts used to record and report cash transactions in its capacity as the custodian of state moneys.
2. The Securities Group—consists of those accounts used to record and report transactions in its capacity as the trustee for securities and other personal property.
3. The State Bonds Group—consists of those accounts used to record and report the state’s bonded indebtedness.