Investment procedures associated with funds of the state of Mississippi were evaluated in this publication. Investments made by the Treasurer’s office were examined as well as those of state agencies and organizations that invest independently of the Treasurer’s office. Assessments were made of the investment procedures associated with three major groups of funds-general and special state funds, special agency funds, and state funds maintained separately.
The report concluded that improvements had been made in the management of investment portfolios due to recent positive legislative and administrative actions (including the enactment of Timely Deposits legislation). However, PEER determined that the state was still not receiving optimal interest income on investments due to the continuing existence of administrative inefficiencies and inadequacies which adversely affect investment management and the imposition of legislative restrictions governing investment.
For a paper copy of this report, contact PEER by telephone at 601-359-1226 or by e-mail at reports@peer.ms.gov.