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Strategic Plan

To: TOS Staff

From: Treasurer Mitchell

Subject: TOS Strategic Plan 2017 – 2019


The following are included in this memo:

  • Our vision
  • Our mission
  • Statutory authority
  • Core values
  • Priorities
  • Goals
  1. Our Vision

The Treasurer’s Office will honorably uphold our fiduciary responsibilities while promoting the well being of all constituents and employees with a steadfast focus on customer satisfaction and long-term organizational health.

Our office will execute against this vision by focusing on the following work streams:

  • CollegeChoice 529
  • Achieving a Better Life Experience (ABLE)
  • Statewide 911
  • Indiana Bond Bank
  • TrustINdiana
  • Communicating our vision, goals, and accomplishments to key stakeholders and the public
  • Achieving our legislative priorities
  • Creating an office culture and staff conducive to achieving these goals
  1. Our Mission

The Indiana Treasurer of State’s Office will prudently manage and safeguard the State’s public deposits and investments by investing and safeguarding public funds, overseeing the management of the State’s financial assets, and providing accurate and timely funding to stakeholders. We will achieve this mission by intently focusing on our fiduciary responsibility, organizational health, and constituent services.

  1. Statutory Authority

The Office of the Indiana State Treasurer is one of five constitutional offices and has broad responsibilities and authority in the areas of investment and finance. In addition to being the State’s chief investment officer and banker, the Treasurer serves as chairperson or a member of numerous State boards, commissions, and authorities.

Listed below are some of the Treasurer’s key responsibilities:

  • The Treasurer serves as the sole Trustee of the Indiana State Police Pension Trust, which provides pension, death, survivor, and other benefits to present and former employees of the state police department and their beneficiaries.
  • Chair of the Indiana Education Savings Authority, better known as the CollegeChoice 529 Savings Plan. She plays a key role in encouraging attendance to higher education institutions, providing families with additional means of striving for education through the education savings program, and promoting the economic development of the state by creating opportunities for a more highly educated workforce.
  • Chair of the Achieving a Better Life Experience (ABLE) authority which creates tax-advantaged savings plans for individuals with disabilities.
  • The Treasurer plays a significant role in public safety as the Chair of the Statewide 911 Board. The board is responsible for collecting surcharges from all communication service providers and distributing the funding to local units of government
  • The Treasurer serves as Chair of the Indiana Bond Bank, whose sole mission is to assist local government in obtaining low-cost financing for important public work, including school facilities and leasing essential equipment
  • The Office of the Treasurer manages TrustINdiana, a local government investment pool created to provide all Indiana local units of government the opportunity to invest in a common pool of investment assets that preserves the principle of public funds, remains highly liquid, and maximizes the return on investment.

4. Core Values

A core value is a principle or belief of high priority. Core values are integral to the way in which we conduct our work. We will use core values to guide our thinking, actions and behaviors as we work to achieve our vision. Our core values include:

  • Integrity
  • Team
  • Community
  • Transparency 

5. Priorities

A priority is a qualitative performance requirement closely related to our team’s vision. All of our priorities will fall into one of the following buckets:

  • Fiduciary Responsibility
  • Organizational Health
  • Constituent Services

These priorities lay out a clear plan for achieving our vision. The Treasurer’s Office will focus on key priorities to achieve our vision:

Organizational Health

  • Developing a high-performing and fulfilled team

Fiduciary Responsibility

  • One billion dollars invested by local communities in TrustINdiana
  • Increase the number of Hoosiers saving for college
  • Launch of the ABLE Savings Plan in Indiana
  • Creating a policy landscape conducive to improving the financial health of Hoosiers and the State

Constituent Services

  • Convene support and conversation around the State’s high quality 911 program (including ‘Text to 911’)
  • Thoroughly evaluate the Indiana Bond Bank programs and be flexible to the needs of local units of government
  • Deepening the conversation around the importance of financial education

6. Goals

A goal is a quantitative measure of our priorities. Each priority has quantitative goals to measure and track our progress toward achieving our vision. As former Governor Mitch Daniels said, “If you’re not keeping score, you’re just practicing. It’s especially crucial to do so in government, because if you don’t no one else will.”

Each of the priorities described in the previous section has multiple goals, as outlined in the chart below. All of our goals will be S.M.A.R.T – they will be Specific, Measureable, Attainable, Relevant, and Time-based.

Our goals are ambitious. In order to achieve our goals, we will set quarterly benchmarks to track progress throughout the year. These quarterly benchmarks will be the basis for quarterly plans that lay out specific strategies for achieving the goal. Weekly reports and check-ins will be forums for discussion about quarterly plans and goals. 

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