The NC Department of State Treasurer serves the people of North Carolina through a range of functions related to the financial health of the state and its citizens. The department administers the public employee retirement systems for more than 700,000 individuals. It provides fiscal assistance and expertise to local governmental units by assisting them in the sale of local government debt obligations. The Department of State Treasurer also maintains budgeting, accounting, reporting and fiscal procedures. The department invests in public funds to earn consistent returns. It issues the annual debt affordability report to inform governor and law makers about the amount of debt that state can manage. In addition, the department supervises the state s banking system. The NC Department of State Treasurer is located in Raleigh, N.C.