Office of the Chief Financial Officer

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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).

Key Activities

The five major areas of operation for the Office of Finance and Treasury are as follows:

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)

Cash Management and Investment – Provides for the management of the cash resources of the District so that the District can meet its cash obligations and maximize its return on investments. (Management of the District’s Financial Assets and Investments)

Asset Management – Provides for the management of the District-run pension plans, college savings plan, and unclaimed property.

Payment Operations – Provides check-printing and disbursement services for District agencies so that they can fulfill their payment obligations.

Treasury Operations – Provides revenue collection services, including cashiering at various District sites. Provides for the collection of outstanding debts owed to the District via the Central Collections Unit. Manages banking and electronic banking services for all District agencies.

Central Collection Unit Monthly Reports

Biographies of Key Staff

Contact Us

Office of Finance and Treasury

1101 4th Street, SW
Suite 850W
Washington, DC 20024
(202) 727-6055