Major Programs and Responsibilities

1. Investment Management

   • State funds investment
   • Portfolio management
   • Cash management
   • Investment policy

2. Debt Management

   • Bond issuance
   • Debt service
   • Credit ratings
   • Market relations

3. Financial Operations

   • Banking services
   • Payment processing
   • Fund disbursement
   • Cash flow management

4. Program Administration

   • Housing finance
   • Infrastructure funding
   • Education financing
   • Environmental programs

Administrative Structure

The Office operates through several divisions:

1. Investment Division
2. Public Finance Division
3. Cash Management Division
4. Administration Division
5. Legislative and External Affairs
6. Information Technology
7. Legal Office

Major Initiatives and Programs

1. State Investments

   • Local Agency Investment Fund
   • Pooled Money Investment Account
   • Time Deposit Program
   • Investment policies

2. Bond Programs

   • General obligation bonds
   • Revenue bonds
   • Green bonds
   • Private activity bonds

3. Financial Services

   • Banking operations
   • Securities management
   • Fund administration
   • Financial reporting

4. Special Programs

   • ScholarShare 529
   • CalSavers Retirement
   • CalCAP loan program
   • CPCFA financing

Program Implementation

1. Investment Operations

   • Portfolio strategy
   • Risk management
   • Performance monitoring
   • Market analysis

2. Debt Issuance

   • Bond structuring
   • Credit enhancement
   • Investor relations
   • Compliance monitoring

3. Financial Management

   • Cash forecasting
   • Fund allocation
   • Account reconciliation
   • Internal controls

Performance Metrics

1. Investment Performance

   • Return rates
   • Risk measures
   • Portfolio growth
   • Compliance levels

2. Debt Management

   • Interest costs
   • Credit ratings
   • Market access
   • Debt service coverage

3. Operational Efficiency

   • Processing times
   • Error rates
   • Cost savings
   • Service delivery

Current Priorities

1. Technology Modernization

   • System upgrades
   • Process automation
   • Data integration
   • Security enhancement

2. Program Expansion

   • Market access
   • Product development
   • Service enhancement
   • Outreach efforts

3. Sustainability Initiatives

   • Green investments
   • ESG integration
   • Climate bonds
   • Impact measurement

Special Programs

1. Economic Development

   • Small business support
   • Infrastructure financing
   • Job creation
   • Community investment

2. Education Finance

   • College savings
   • Student loan programs
   • School facilities
   • Education bonds

3. Environmental Programs

   • Clean energy
   • Pollution control
   • Water infrastructure
   • Recycling facilities

Sources