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Delaware Treasurer

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Delaware Treasurer
General information
Office Type:  Partisan
Office website:  Official Link
2013 FY Budget:  $147,537,800
Term limits:  None
Length of term:   4 years
Authority:  Delaware Constitution, Article III, Section 21
Selection Method:  Elected
Current Officeholder

Chip Flowers.png
Name:  Chip Flowers
Officeholder Party:  Democratic
Assumed office:  January 2011
Compensation:  $113,374
Next election:  November 4, 2014
Last election:  November 2, 2010
Other Delaware Executive Offices
GovernorLieutenant GovernorSecretary of StateAttorney GeneralTreasurerAuditorSecretary of EducationAgriculture SecretaryInsurance CommissionerNatural Resources SecretaryLabor SecretaryPublic Service Commission
The Treasurer of the State of Delaware is the chief financial officer of the government of Delaware. The treasurer's office is responsible for providing banking, accounting and investment services to the state government.[1]

Current officeholder

The current treasurer is Chipman "Chip" Flowers, Jr., a Democrat, who assumed office in January 2011 after his election in November 2010. His term will end in January 2015.

Before becoming treasurer, Flowers ran Flowers Counsel Group, LLC, a law firm specializing in mergers and acquisitions and procurement law. Flowers has also worked as Democratic political analyst for the news program Delaware Tonight on WHYY-TV, and as a staff attorney for the firm of Skadden, Arps, Slate, Meagher & Flom, LLP. Flowers holds an M.P.A. from Harvard University, an M.B.A. and J.D. from Georgetown University, and a bachelor's degree from the University of Pennsylvania.[2]


The office of treasurer is established in Article III, Section 21 of the state constitution.

The terms of the office of the Attorney General, the Insurance Commissioner, the Auditor of Accounts and the State Treasurer shall be four years. These officers shall be chosen by the qualified electors of the State at general elections, and be commissioned by the Governor.


There are no particular qualifications for the office of treasurer.


Per Article III, Section 10 of the state constitution, treasurers are elected every four years during federal midterm elections (2006, 2010, 2014, etc.). Officeholders are sworn in during January of the year following their election.

Term limits

There are no term limits for the office of treasurer.


If a vacancy occurs in the office of treasurer, the governor appoints a replacement to serve until the next election. Details of vacancy appointments are laid out in Article III, Section 9 of the Delaware Constitution.


The treasurer's office is responsible for providing banking, accounting and investment services to the state government. It ensures all receipts and disbursements are accounted for, issues state bonds, and operates state employees' savings and retirement funds. It also produces analysis of the state's economy and financial education services to state residents.[3]

Click here to view a larger-scale image of the Delaware Treasury Department Organizational Chart as of March 28, 2013.


  • Executive Office of the Treasurer
    • Strategic Initiatives
    • IT
    • Budget
    • Legislative Liasion
  • Office of Finance & Treasury Services
    • Savings & Retirement Programs
    • Banking & Cash Management Services
    • Debt Management
    • Investment Management
  • Office of Economic Policy
    • Economic Early Warning System
    • Delaware Economic Index
    • Financial Education
    • Community Outreach
  • Office of Disbursements & Reconciliations
    • Payment Disbursements
    • Account Reconciliations
    • Internal Audit
    • Payment Services[4]

State budget

The budget for the State Treasurer's Office in the Fiscal Year 2013 was $147,537,800.[5]


See also: Compensation of state executive officers


In 2013, the treasurer was paid an estimated $113,374. This figure comes from the Council of State Governments.


In 2012, the treasurer was paid an estimated $112,250. This figure comes from the Council of State Governments.


In 2010, the treasurer received compensation in the amount of $107,300.[6] The secretary's compensation is determined by law.

Historical officeholders

Note: Ballotpedia's state executive officials project researches state official websites for chronological lists of historical officeholders. That information for the Delaware Treasurer has not yet been added because the information was unavailable on the relevant state official websites, or we are currently in the process of formatting the list for this office. If you have any additional information about this office for inclusion on this section and/or page, please email us.

Recent news

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Contact Information


Delaware State Treasurer's Office
820 Silver Lake Boulevard, Suite 100
Dover, DE 19904

Phone: 302-672-6700
Fax: 302-739-5635

See also

External links