Cash Management

 

Frequently Requested Items

About State Warrants

If you are a bank or an individual with a State warrant that you want to verify as valid, please contact the State’s Warrant Reconciliation Lead at 907-465-5631, or doa.dof.wrt.recon@alaska.gov.

About Cash Management

The administrator for the Cash Management Section is Michelle Prebula, CPA, CTP, AAP. The section functions as the cash control center for the State. This section is responsible for managing Alaska's largest bank, with total cash and investments equivalent to an amount almost ten times greater than the largest commercial bank located in Alaska. Cash management collects all revenues, pays all expenditures, and determines the amount of cash available for investment each day for the general and custodial funds. The section consists of a staff of five headed by the Cash Manager/Investment Officer.

They are responsible for:

  • Cash management policy for the State
  • Cash Deficiency Operating Plan
  • Cash flows and daily cash availability
  • Electronic revenue collection programs
  • Cash Management Improvement Act (CMIA) Federal/State Agreement
  • Credit card acceptance programs
  • Warrant redemption
  • Managing the State's banking relationships
  • Assisting State agencies with cash management issues
  • Requesting and receipting federal government payments
  • Managing ASAP, a federal grant payment system.