Office of State Treasurer - Current Law

Article III, State Constitution; RCW 39.42, 39.58, 39.94, 39.98, 43.08, 43.33, 43.79A, 43.84, 43.86A, 43.163, 43.180, 43.250, WAC 210, 262, and 389

The State Treasurer formulates and executes policy and procedures to effectively and efficiently manage the state’s cash, debt, and investments and to protect public deposits in banks made by state and local governments.

Agency Mission

We manage investments, debt and cash to preserve and enhance our state's strong financial standing, build economic vitality, and get the highest possible value for every tax dollar.
Request 24,010,000
Net change from current biennium 2,114,000 Increase
Percent change from current biennium 9.7% Increase

Operating Budget: Summary

Appropriated Funds

2021-23 Appropriations Appropriated Funds Expenditures
Amount Estimated Balance   2019-21 Actual 2021-23 Estimated 2023-25 Proposed
Separately Managed OST Service Acct - Nonappropriated 156,926
Public Funds Investment Account - Nonappropriated 52,167,604,124
Sep Managed Public Fnds Invest Acct - Nonappropriated 179,256
874,254,000 873,754,000 General Fund - State 80,503,888 500,000 500,000
21,396,000 State Treasurer's Service Account - State 16,577,189 21,396,000 23,510,000
895,650,000 873,754,000 Total Appropriated Funds 52,265,021,384 21,896,000 24,010,000

Non-Appropriated Funds

Operating Budget: Program Summary

Program Title Actual Estimated Proposed
Actual Estimated Estimated Proposed Proposed
Annual Total 51,887,304 45,559,763 22,118,642 11,911,000 12,099,000

Operating Budget: Change from Preceding Biennium

Actual Estimated Proposed
Amount Percent Amount Percent Amount Percent
6,773,947 7.5% (29,402,673) (30.3%) (43,668,405) (64.5%)

Employment Summary

  Actual Estimated Proposed
  2020-21 Actual 2021-22 Estimated 2022-23 Estimated 2023-24 Proposed 2024-25 Proposed
FTE Staff Years 57.5 60.0 61.4 69.6 69.3