The Office of Treasury Services acts as the clearinghouse for all
of the bond fund inflows
and outflows totaling several hundreds of millions of dollars.
The Office of Treasury
Services cash management responsibilities include the administration and
investment of
bond funds, the management of the University's banking relationships, and
the coordination of banking and cash management activities with the State
Treasurer's
Office.
Debt Management Responsibilities:
As the public finance department for the University of
Connecticut, the Office of
Treasury Services debt management responsibilities include issuing and
managing the
University's debt in the prudent and cost-effective manner.
The Office of Treasury
Services issues bonds, in conjunction with the State Office of the
Treasurer, to finance
State capital projects, manages debt service payments and cash flow borrowing,
administers the bond funds, and maintains the University's rating agency
relationships. The
efficiency with which the Treasury operates its debt management program
directly affects
the amount of interest (debt service) ultimately paid for by Connecticut
taxpayers. The
Division's clients include the University, the State Government, and
Connecticut taxpayers.
This division is also responsible for the tax exempt arbitrage
compliance
pursuant to the internal revenue service rules and regulations relative
to the University's issuance of tax exempt debt.
Additionally, the department works with the University's Purchasing
Department, as well as the Office of the State
Treasurer, on the tax compliance of any UCONN tax exempt lease
financings, pursuant to
Connecticut General Statutes 3-20d.
