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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
Structure
Length of term:   4 years
Authority:  Delaware Constitution, Article III, Section 21
Selection Method:  Elected
Current Officeholder
Name:  Ken Simpler
Officeholder Party:  Democratic
Assumed office:  January 2015
Compensation:  $113,374
Elections
Next election:  November 6, 2018
Last election:  November 4, 2014
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 Republican Ken Simpler. Simpler was first elected in 2014 and took office on January 6, 2015, succeeding former-Treasurer Chip Flowers (D).[2]

Authority

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.

Qualifications

There are no particular qualifications for the office of treasurer.

Elections

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.

2014

See also: Delaware down ballot state executive elections, 2014
Delaware Treasurer, 2014
Party Candidate Vote % Votes
     Republican Green check mark transparent.pngKen Simpler 53.6% 123,105
     Democratic Sean Barney 43.6% 100,218
     Green David Chandler 2.8% 6,373
Total Votes 229,696
Election Results via Delaware Office of the State Election Commissioner.

Term limits

There are no term limits for the office of treasurer.

Vacancies

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.

Duties

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.

Divisions

  • 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

See also: Delaware state budget and finances

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

Compensation

See also: Compensation of state executive officers

The salaries of Delaware's elected state executives are determined by state law as mandated by the Delaware Constitution. Article III of the state constitution requires that salary changes not take effect until after the current terms of affected offices.

The Delaware State Legislature created the Delaware Compensation Commission in 1984 to determine state executive salaries. This commission consists of six members including two appointees by the governor, one appointee each by the Speaker of the House and the President Pro Tempore of the Delaware State Senate, the current chair of the Delaware Business Roundtable and the director of the state Office of Management and Budget. Commissioners meet every four years to make salary recommendations, which are implemented unless the Delaware State Legislature rejects the entirety of the report. From 1985 to 2013, the commission's report has only been rejected once by legislators, who submitted their own salary increases for executives officials in 1993.[6]

2014

In 2014, the treasurer received a salary of $113,374, according to the Council of State Governments.[7]

2013

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

2012

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

2010

In 2010, the treasurer received compensation in the amount of $107,300.[8]

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

Address:
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

References