SENATE RESOLUTION NO. 432

WHEREAS, The Senate of the State of Texas is pleased to recognize the Treasury Operations division of the Office of the Comptroller of Public Accounts; and

WHEREAS, After more than 150 years of service as a stand-alone financial management system, the Texas State Treasury Department was combined with the Office of the Comptroller of Public Accounts on September 1, 1996; and

WHEREAS, Treasury Operations continues to provide essential oversight for all incoming and outgoing state funds; the division receives and safeguards state money, maintains accounts of all receipts and expenditures, and serves as custodian of securities in trust; and

WHEREAS, Treasury Operations manages its complex financial responsibilities and oversight objectives through four primary business sections: Banking and Electronics Processing, Cash and Securities Management, Public Finance, and Treasury Accounting; these areas combined provide jobs for 50 full-time employees, more than a third of whom have been with the treasury since the department joined the comptroller's office; and

WHEREAS, For more than 170 years, Texans have been able to depend on the efficient management and safekeeping of state funds, and the staff and administrators of Treasury Operations can indeed take pride in their contributions to the state; now, therefore, be it

RESOLVED, That the Senate of the State of Texas, 85th Legislature, hereby commend all associated with the Treasury Operations division of the Office of the Comptroller of Public Accounts and extend to them best wishes for the years ahead; and, be it further

RESOLVED, That a copy of this Resolution be prepared for the Treasury Operations division as an expression of esteem from the Texas Senate.

Kolkhorst

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President of the Senate

I hereby certify that the above Resolution was adopted by the Senate on March 15, 2017.

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Secretary of the Senate

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Member, Texas Senate