Treasury
Office of the Accountant General
New Deputy Accountant General Appointed
12th February 2016, 10:54am Press Release
Mrs. Theresa Walters has taken over as Deputy Accountant General for Government.
On Track
1st November 2011, 9:59am
Press Release
Accounting Workshop
19th November 2010, 10:12am
Press Release
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Contact Us
Treasury3rd Floor, Government Administration Building,
133 Elgin Avenue, George Town, Grand Cayman
P: (345) 244-2205
Freedom of Information
As a Public Authority, the Treasury complies with the Freedom of Information Law, 2007.
What we do
The nature and scope of business of the Treasury Department is to prepare quarterly, half-yearly and annual consolidated core government forecast and financial statements: cash management and forecasting: negotiation, evaluation and management of government borrowings: financial management services for Ministries/Portfolios and the Executive; promote the use of International Public Sector Accounting Standards (IPSAS) in the core government and the Management and Administration of the Central Tenders Committee (CTC) www.centraltenders.gov.ky and the management of delegated Trusts Assets (Mutual Legal Assistance Treaty – MLAT; Defunct Companies).
Strategic Management
The Ministry of Finance, Tourism & Development (Public Finance) administering the authority’s operations at the organisational level; developing business plans and corporate policy; setting long-term goals and objectives; evaluating the agency’s overall performance and progress towards established targets.
Central Tenders Committee
The Central Tenders Committee exists to ensure that public procurement is carried out in a fair and transparent manner while securing value for money in the procurement of goods, works, or services.
Cash Management Unit
The Cash Management Unit is responsible for core government’s centralized banking system, financing activities, reserves and investments.
Debt Recovery Unit
The Debt Recovery Unit is charged with the responsibility to monitor, manage and collect government’s arrears of revenue and bad debts.
Finance & Administration
The general activities of the Treasury is to prepare consolidated core government forecast and financial statements, cash management and forecasting, loan negotiation, evaluation and management of government borrowings, financial management services for Ministries / Portfolios and the Executive. To promote the use of International Public Sector Accounting Standards (IPSAS) in the entire (EPS).
Accounting Policies Committee
The Accounting Policies Committee (APC) is an internal working committee that falls under the remit of the EPS Unit. The APC was established in 2007 with the mandate of reviewing and recommending changes to the accounting policies and procedures of the Public Sector.
Entire Public Sector Unit
The EPS Unit is charged with the responsibility of the Government’s financial reporting.
Payments & Payroll Unit
The Payments and Payroll Unit provide financial management services to Ministries and Portfolios including processing of payroll related payments to all government employees and cheque processing for creditor payments as requested by Ministries and Portfolios.
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