State Treasurer of Iowa

Treasurer’s office earns more than $33 million for Iowa in FY18

Last month, I officially announced that our office earned more than $33 million in interest for the state of Iowa in the fiscal year that ended June 30. This was an increase of $12.8 from the previous fiscal year and represents the seventh straight year of increased interest earnings.
The money we earn each year is used to fund state programs and reduces the need to collect money from other sources. We invest the funds of state agencies together in one investment pool. The investment pool includes such funds as the state’s general fund, the road use tax fund, and the state’s two reserve funds. This practice of pooling reduces the investment cost to the state by making the investment process more efficient. Funds are invested under a conservative investment policy that stresses safety of funds at the number one investment goal. 
The investment of our state’s money is a job I take very seriously and bringing additional revenue to the State of Iowa while ensuring the safety of our funds is a point of pride for everyone in our office. 
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