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February 2020

Letter from Treasurer Ma

The late Steve Jobs once noted, “Things don’t have to change the world to be important.” He could have been speaking about California’s ambitious tech project known as FI$Cal. This new technology system will not change the world, but it is changing the way California State government operates and tracks trillions of dollars flowing through accounts each year.

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Heart of the Treasury - New Directors Appointed to Investments Division and California Debt and Investment Advisory Commission (CDIAC)

California State Treasurer Fiona Ma fills two key positions with the appointments of Kristin Szakaly-Moore to Director of the Investments Division and Robert Berry to the position of Executive Director of the California Debt and Investment Advisory Commission (CDIAC).

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The ABCs of the BCAs - Fi$Cal Support Team

The Financial Information System for California, or FI$Cal as it is known, is the largest single integrated financial system in the public sector. Unprecedented in its scope and complexity, FI$Cal integrates state government processes in the areas of budgeting, accounting, cash management, and procurement. Its ultimate goal is to consolidate the state’s financial systems into a common platform and eliminate thousands of aging and decentralized legacy systems and applications.

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Upcoming BCA Events

Calendar of upcoming events.

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Ask the Treasurer

I am excited and pleased to hear about the actions you have taken to urge CalSTRS to divest from fossil fuels. Is there anything I can do as a private citizen to offer support of this endeavor? Keep up the great work!

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The Vault: February 2020

Calendar of upcoming public finance activities and bond sales.

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Tax Tip

Once again, tax filing season is upon us. Which means that now is a good time to look into qualifying for federal and state earned income tax credits that can put cash back in your pocket.

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The Ma Squad

Photos of Treasurer Fiona Ma's travels.

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This newsletter is not intended to be and should not be used for making investment decisions about State of California bonds or notes. Potential investors should always obtain and read the Official Statement published by the State for each issue of bonds or notes.