The Office of the Treasurer (OOT), in conjunction with the CFO, is responsible for the management and oversight of the University’s capital structure including its debt portfolio, operating funds, and University-wide cash management activities.
The OOT manages all financial liabilities of the University, including any debt obligations and credit facilities. The Treasurer issues debt obligations on behalf of the University and oversees all compliance matters related to Pitt’s debt issuance. Additionally, the OOT manages the financial assets of the University, including the investment of operating funds, University’s Defined Benefit Pension Plan (DBPP), Planned Giving Assets program and other financial assets.
Further, the OOT is responsible for the strategic oversight of all University-wide treasury management activities and systems, including all University banking related accounts and services. These responsibilities also include managing the daily concentration and disbursements of funds, forecasting the University’s cash position, funding cash deficits, investing cash surplus, and managing the University’s short duration operating funds. The OOT manages all University banking related accounts and services and helps to ensure PCI (Payment Card Industry) compliance.
Finally, the Treasurer provides important financial insight related to capital projects, strategic initiatives and any other significant uses of capital within the University to the Board of Trustees, University departments and senior staff.
Debt/Investor Portal
In conjunction with the CFO, the OOT is responsible for the University’s capital structure, maintaining its creditworthiness, and providing funding for capital expenditures. This function includes forecasting capital needs, determining debt capacity, structuring and issuing external financings, managing debt-related activities and obligations, communication with the rating agencies and creditors, and Budget Committee reporting.
University of Pittsburgh Long-term Credit Ratings as of Nov. 1, 2023:
Moody’s: Aa1 Outlook: Stable
S&P: AA+ Outlook: Stable
Links:
EMMA (Electronic Municipal Market Access) Issuer HomePage
For more information on the University’s outstanding debt, please see the University’s Audited Financial Statements
Other Activities
The OOT provides financial analysis support to other University departments. OOT staff serves on a variety of organization-wide committees, designed to improve operational efficiencies across academic and business units
Contact us: 412-624-6520