Utah Office of State Treasurer

What Utah Office of State Treasurer does

The Utah Office of State Treasurer is a constitutionally established statewide elected office, founded in 1896, headquartered in Salt Lake City, Utah, and headed by State Treasurer Marlo Oaks. The office functions as the State of Utah's central financial manager, operating with a lean team of approximately 15 employees and delivering a portfolio of services that include banking and cash management for state agencies, investment management through the Public Treasurers' Investment Fund (PTIF) — a $34 billion vehicle serving as the state's central bank function — and debt management including bond issuance and the School Bond Guaranty Program. Technology infrastructure is limited to a proprietary Investment Fund Accounting System (IPAS) portal for PTIF account management and public-facing web properties including treasurer.utah.gov and MYCASH.UTAH.GOV for unclaimed property search.

The office also operates the statewide Unclaimed Property Division, which helps Utah residents locate and recover dormant bank accounts, uncashed checks, and abandoned safe deposit boxes, alongside a Utah Financial Education (UtahFE) program that delivers youth and adult financial literacy curricula, community events, and an annual Financial Empowerment Conference. Oversight of the Money Management Council, certified dealer and depository lists, and policy workstreams covering ESG, Natural Asset Companies, and precious metals position the office as both an operational manager and a policy actor within Utah's executive branch.

As a state government agency, the office is funded through state appropriations rather than commercial revenue, and it does not charge fees to Utah residents or government entities for its core services. Its customer base is exclusively Utah-based: state agencies, local governments and school districts (for investment and bond services), and Utah residents (for unclaimed property and financial education). Marketing and outreach are conducted via the official website, press releases, and an active social media presence across Facebook, X, LinkedIn, YouTube, and Instagram, supplemented by in-person community events and an annual Utah Financial Education Hall of Fame.

Name

Utah Office of State Treasurer

Legal name

Utah Office of State Treasurer

Website

https://treasurer.utah.gov

Company type

Public

Operating status

Operating

Headcount range

11–50 employees

Short description

The Utah Office of State Treasurer is a constitutionally elected state agency that manages the State of Utah's banking, cash, debt, and investment operations, including the $34 billion Public Treasurers' Investment Fund, and serves Utah residents through unclaimed property recovery and financial education programs.

Ownership category

akta.pro rank

Product category

State Treasury Management

NAICS

Public Finance Activities (92113), Public Finance Activities (921130), Executive and Legislative Offices, Combined (921140)

SIC

Finance Services (6199)

akta.pro primary industry

State/Provincial Treasury, Budget & Fiscal Management (BPAIABAC)

akta.pro secondary industries

Treasury & Cash Management (BPAIAEAB), Government Investment Pools & Treasury Funds (FSAAAGAE), Government Accounting & Financial Reporting (BPAIAEAD)

Keywords

• Public fund management
• State treasury services
• Unclaimed property recovery
• Government investment fund
• Financial education programs

Headquarters

HQ city

Salt Lake City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Revenue model

1. State Government Operations: The office operates as a constitutional state agency funded through state government appropriations. The treasurer manages public funds including the $34 billion Public Treasurers' Investment Fund but does not generate revenue through commercial means.

Distribution channels3 records

Marketing channels4 records

Core offering

The Utah Office of State Treasurer is a constitutional state government office that manages public funds on behalf of the State of Utah, including the $34 billion Public Treasurers' Investment Fund (PTIF) used by state agencies and local governments. It administers banking, cash management, debt management, and investment oversight services for government entities, operates the Unclaimed Property Division (MYCASH.UTAH.GOV) to help Utah residents recover lost or abandoned assets, and delivers statewide financial education programs through UtahFE.

Product overview

The Utah Office of State Treasurer is a government agency offering a portfolio of financial services to Utah residents and government entities. The core offerings include the Public Treasurers' Investment Fund (PTIF) - a $34 billion fund for government cash management, the Unclaimed Property Division (MYCASH.UTAH.GOV) for recovering lost property, and Utah Financial Education programs. Additional services encompass debt management, school bond guaranty, banking services, and investment oversight through the Money Management Council.

Differentiator

Problem solved

Functional benefit

Products and services

• Unclaimed Property (MYCASH.UTAH.GOV) Statewide unclaimed property division that helps Utah residents find and recover lost or abandoned property, including forgotten bank accounts, uncashed checks, and abandoned safe deposit boxes, through the MYCASH.UTAH.GOV portal.
• Public Treasurers' Investment Fund (PTIF) A $34 billion investment fund managed by the State Treasurer for state agencies, counties, cities, and school districts, serving as the central bank for state agencies and providing professional cash management for public funds.
• Utah Financial Education (UtahFE) Financial education programs and resources for Utah residents, including youth education, adult financial literacy, the Utah Treasurer's Investment Challenge, Financial Literacy Community Nights, and the Utah Financial Empowerment Conference.
• School Bond Guaranty Program Program that guarantees school district bonds, helping Utah educational institutions access capital at favorable rates to support education infrastructure.
• Banking and Cash Management Manages the state's banking relationships, cash management operations, and deposit reporting for state government entities.
• Investment Management Oversees investment of public funds including the Public Treasurers' Investment Fund and manages the Money Management Council, which establishes rules for the deposit and investment of public funds.
• Debt Management Manages state debt issuance, bond sales, and ongoing debt obligations for the State of Utah.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• Texas Comptroller of Public Accounts: Statewide elected officer responsible for Texas treasury operations, investment of state funds, and debt oversight. Comparable to Utah in elected constitutional status and treasury-management function, though Texas also administers tax and accounting functions.
• California State Treasurer's Office: Constitutional state treasurer managing California's investment pools, debt issuance, and unclaimed property. Directly comparable to Utah's office in mandate (pooled government investing, debt management, escheat) but at materially larger scale.
• Pennsylvania Treasury Department: State treasury administering PA Treasury investment programs and unclaimed property. Comparable to Utah in core state-tresury functions including pooled investments and escheat.
• Massachusetts State Treasurer: Constitutional state treasurer managing pooled investments, debt, and unclaimed property for Massachusetts. Comparable to Utah across the same core treasury mandates.
• Illinois State Treasurer: Constitutional state treasurer managing Illinois investment programs (e.g., Illinois Funds) and unclaimed property (ICash). Directly comparable to Utah's PTIF and MYCASH programs at the state level.
• Ohio Treasurer of State: Statewide elected treasurer managing STAR Ohio (pooled government investment) and unclaimed funds. Near-perfect functional analogue to Utah's PTIF and unclaimed-property programs.
• Washington State Treasurer: State treasurer administering the Washington State Investment Pool and unclaimed property. Directly comparable to Utah on pooled government cash management and escheat functions.
• New York State Comptroller: Elected statewide officer overseeing New York's Common Retirement Fund and state treasury functions. Comparable to Utah in managing large public investment pools and providing fiscal oversight, though the office's scope is broader (includes retirement systems).

Broad incumbents

• Florida Department of Financial Services: State agency combining treasury, insurance regulation, and financial-services oversight. Comparable to Utah on treasury management, but broader in scope, making it an incumbent peer rather than a direct functional match.

Regional players

• Arizona State Treasurer: Regional state treasurer in Arizona with parallel pooled-investment and unclaimed-property functions. Comparable to Utah's PTIF and MYCASH programs, with overlapping regional local-government participants along the Utah-Arizona border.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/UtahTreasurer
• YouTubeyoutube.com/channel/UCojqcgfn1qiNtPQTdqWG89w
• Facebookfacebook.com/UtahTreasurer
• LinkedInlinkedin.com/company/utahtreasurer
• Instagraminstagram.com/utahtreasurer

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Utah Office of State Treasurer