Department of Finance
and Administration
and Administration
The Treasury Division is one of the core operations of the Department of Finance and Administration, established under Section 206 of the Financial Management Act of 1979. It is legally responsible for the administration, collection, safekeeping, and disbursement of all funds due to and paid by the Government of the Federated States of Micronesia.
All public financial management activities for the FSM Government are centralized and processed through the Treasury Division, ensuring that payments, collections, and financial controls are executed with the highest standards of accountability and transparency. By fulfilling these functions, the Treasury Division helps maintain fiscal stability, supports government operations, and strengthens public confidence in FSM’s financial systems.
The division is led by Assistant Secretary Christina Elnei, who oversees daily operations and ensures compliance with the Financial Management Act and related regulations. Her financial responsibilities are defined under Section 1.5.4 of the Financial Management Regulations, which establish the authority and accountability of the Assistant Secretary for Treasury Management.
With more than a decade of experience in public finance, Assistant Secretary Elnei plays a critical role in safeguarding FSM’s financial integrity, modernizing treasury operations, and guiding reforms that improve efficiency and strengthen internal controls.
The Treasury Division has taken consistent steps to modernize its operations and strengthen financial governance. Key initiatives include:
Enhanced Internal Controls: Strengthening oversight of collections, disbursements, and reconciliations to reduce risk and safeguard public funds.
Streamlined Payment Systems: Improving the timeliness and accuracy of government payments to agencies, employees, and vendors.
Financial Reporting Improvements: Upgrading reporting processes to ensure compliance with the Financial Management Act and provide accurate, timely financial data to policymakers and partners.
Cash Management Reforms: Enhancing investment practices and liquidity management to maximize the efficient use of government resources.
Capacity Building: Training staff in accounting, auditing, and treasury management practices to raise professional standards across the division.
Processes government payments in accordance with the Appropriation Act and supplementary amendments passed by Congress, ensuring timeliness and accuracy.
Collects, receipts, and records all funds due to the FSM Government, safeguarding public revenues.
Manages and invests government cash and cash equivalents to maintain liquidity and maximize the effective use of public resources.
Oversees the finances of FSM’s foreign missions and state-based offices, ensuring accountability across all jurisdictions.
Tracking and safeguarding all FSM Protects and tracks FSM Government assets through sound financial management practices and regular reconciliations.
Implements and enforces internal financial controls for all Treasury operations to reduce risk and strengthen accountability.
Provides timely and accurate financial information to the Public Auditor for annual inspections, supporting transparency and compliance with financial regulations.
For inquiries, the public can contact the Division at: