The Office of Finance and Treasury (OFT) in Washington, DC is responsible for efficiently managing the financial assets and liabilities of the Government of the District of Columbia, including cash, investments, debt, and accounts payable. They provide high-quality, customer-friendly service to internal and external government customers, as well as the public.
OFT's key responsibilities include debt management, economic development finance, grants management, asset management, and retirement plan management. They issue bonds and other financing vehicles for capital infrastructure projects, evaluate and manage tax-increment financing and payment in lieu of taxes debt, handle federal grant drawdowns, ensure liquidity and maximize investment returns, and administer the District's retirement plans and college savings plan.
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