Financial Management Division; (Treasurer Of Guam)

Maintain daily cash collection activities; deposit and invest revenues for the Government of Guam; maintain administrative control for receipts and cash for government services and charges utilizing the new Point-of-Sale System in conjunction with the Department of Revenue & Taxation; perform electronic transfer of funds and maintenance of banking regulations; issuance and distribution of Government of Guam payroll checks and other related government disbursements.

Activity Description:

Receive and account for all monies form whatever source for proper recording and reporting. Payments for all types of taxes, services, permits licenses, registration, rents, fines and other fees paid directly at the Treasurer of Guam which currently is collected by three (3) satellite stations located at the Department of Administration building, Department of Revenue & Taxation, Tiyan offices and Department of Public Works One-Stop Center. In addition, authorized grant aid from the federal government and treasury agents assist the Treasurer of Guam in collecting payments and are situated at various departments and agencies. All collections are transmitted to the Treasurer of Guam main branch in Hagatna for processing, recording and deposits to the bank for collateralization by placing securities as pledge and ten (10) percent in excess of amounts deposited as agreed by both the Treasurer of Guam and the Bank of Guam.


Major Objective(s):

(1) Explore investment opportunities whenever revenues exceed current expenditure requirements to gain interest as an additional revenue account, (2) Effectively and efficiently project cash position of the General fund account and disseminate information for management's final disposition, (3) Respond to the growing demand for services in collections and payments, (4) Respond to the increasing technical and compex environment in which we operate, demands fexibility and responsiveness in Cash Management, and (5) Provide centralized depository system for funds received and paid on behalf of the Government of Guam.