The state treasurer used to maintain the deposits of all the state funds and do the investments in accounting that was taken away. That was the cash management portion was back in the 90s, I believe. The state treasurer's office used to do auditing for the government for the state government that was taken away back in the 60s. State treasurer used to do local government investment poll, like taking all the, the money from the municipalities and stick it in one bigger pool and make money While it just sits there, that was taken away. (05:18–05:26)
CLAIM
Asserts that the state treasurer's office no longer conducts audits for the state government since the 1960s.
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