What is one of the primary responsibilities of a treasurer in public financial management?

The primary responsibility of a treasurer in public financial management often centers around overseeing cash management and investment strategies. This role is crucial as it involves the effective handling of the organization’s financial resources, ensuring sufficient liquidity to meet its obligations while also maximizing the return on funds that are not immediately needed. The treasurer is responsible for developing and implementing investment policies, managing cash flow, and making key financial decisions that can impact the organization’s financial health.

By focusing on cash management and investment strategies, the treasurer plays a vital role in safeguarding public funds and ensuring that investments align with the organization's financial goals and risk tolerance. This responsibility can include analyzing market conditions, monitoring portfolio performance, and making necessary adjustments to improve returns or mitigate risks. Such functions are integral to maintaining financial stability and ensuring responsible stewardship of public resources.