As of March 31, 2025, the total active deposits amounted to ($245,506,685.95), with negative balances indicating checks pending funding until presented for payment. Total time deposits were $21,765,500.00, and SWIF deposits were $1,400,000.00, leading to a net total of ($222,341,185.95). Six-month time deposits were also detailed, totaling $21,765,500.00 across various banks. Additionally, the State Workers’ […]
As of December 31, 2024, total active deposits amounted to $615,588,938.38, with individual negative balances representing outstanding checks. Total time deposits stood at $21,765,500 across various banks, while the State Workers’ Insurance Fund deposits totaled $1,400,000. When combined, the total deposits equaled a negative balance of $592,423,438.38. The Commonwealth’s funds included significant balances in the […]
The State Workers’ Insurance Fund (SWIF) provides workers’ compensation insurance in Pennsylvania, especially for employers denied by private insurers. A board comprising the Secretary of Labor and Industry, the State Treasurer, and the Insurance Commissioner oversees SWIF operations. For the fiscal years ending December 31, 2022, and 2023, SWIF’s admitted assets decreased by $38 million. […]
The Pennsylvania Liquor Control Board (PLCB) oversees the sale and distribution of alcohol within the state, as detailed in their financial audit for fiscal years ending June 30, 2024 and 2023. The PLCB generated gross sales of $3.2 billion in 2023-24, contributing significantly to state revenue through liquor and sales taxes. Key responsibilities include managing […]
The Commonwealth of Pennsylvania’s Treasury Department operates the INVEST Program, a diversified investment portfolio for local governments and non-profit entities, offering the INVEST Daily Pool and INVEST Community Pool. These pools provide a low-cost, liquid investment mechanism with no balance requirements or minimum investment terms to meet short-term cash needs. The program prioritizes safety of […]
The INVEST Program for Local Governments, managed by the Commonwealth of Pennsylvania Treasury Department, offers a diversified investment portfolio that local governments can join. This program features two primary pools: the INVEST Daily and the INVEST Community Pools, designed to provide a secure, liquid, and low-cost investment mechanism tailored to meet short-term cash needs. These […]
As of September 30, 2024, the total active deposits amounted to ($249,443,489.12), including various balances at banks such as Wells Fargo and PNC. Total time deposits were $21,765,500, while deposits for the State Workers’ Insurance Fund totaled $1,400,000. Some banks with notable negative balances indicate checks yet to be funded. The Commonwealth Funds showed a […]
The document details various active deposits, six-month time deposits, state workers’ insurance fund deposits, and Commonwealth cash funds as of June 28, 2024. The active deposits show significant amounts held across multiple banks, with Wells Fargo Bank having several large positive and negative balances. The total active deposits amount to a negative balance of $241,655,992.43. […]