Office of Finance and Treasury
Mission and Function
The mission of the Office of Finance and Treasury (OFT) is to efficiently and effectively manage the financial assets and liabilities of the Government of the District of Columbia. This includes receiving, safe-keeping, investing, disbursing, recording and acquiring District financial resources. The core financial assets are cash and equivalents and accounts receivable, and the core financial liabilities are debt and accounts payable. In carrying out this mission, it is essential that OFT provides high quality, customer-friendly service to its internal and external customers (other government agencies and the public).
The six major areas of operation for the Office of Finance and Treasury are as follows:
Executive Direction and Support – Provides leadership, strategic direction, and administrative support services to department managers and employees so that they can achieve organizational and individual performance results.
Debt and Grants Management – Provides for the issuance of bonds, notes, and other financing vehicles for the District so that it can finance capital infrastructure projects and help ensure seasonal cash needs. Manages the cash and accounting of District agencies’ federal grant draw-downs. (District Municipal Bonds)
Biographies of Key Staff
Deputy CFO and Treasurer: Jeffrey Barnette
Associate Treasurer for Banking and Operations: John Henry
Associate Treasurer for Debt and Grants Management: Kenneth Gear