Wyoming Treasurer

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Wyoming Treasurer
General information
Office Type:  Partisan
Office website:  Official Link
2013-2014 FY Budget:  $66,852,245
Term limits:  None
Structure
Length of term:   4 years
Authority:  Wyoming Constitution, Article 4, Section 11
Selection Method:  Elected
Current Officeholder

Mark gordon.jpg
Name:  Mark Gordon
Officeholder Party:  Republican
Assumed office:  November 2012
Compensation:  $92,000
Elections
Next election:  November 4, 2014
Last election:  November 2, 2010
Other Wyoming Executive Offices
GovernorLieutenant GovernorSecretary of StateAttorney GeneralTreasurer • Auditors: AuditorDirectorSuperintendent of EducationDirector of EducationAgriculture CommissionerInsurance CommissionerLabor CommissionerPublic Service Commission

The Wyoming Treasurer is an elected, executive position in the Wyoming state government. The treasurer is the state banker, responsible for keeping a detailed record of all withdrawals from and deposits to the state's accounts.

Current officeholder

The current officeholder is Mark Gordon.[1] Previous incumbent Joseph Meyer served until his death on October 7, 2012.[2]

Authority

The treasurer's authority is derived from Article 4 of the Wyoming Constitution.

Article 4, Section 11:

There shall be chosen by the qualified electors of the state at the times and places of choosing members of the legislature, a secretary of state, auditor, treasurer, and superintendent of public instruction...

Qualifications

Article 4, Section 11 of the state constitution establishes the qualifications of the office:

There shall be chosen by the qualified electors of the state at the times and places of choosing members of the legislature, a secretary of state, auditor, treasurer, and superintendent of public instruction, who shall have attained the age of twenty-five (25) years respectively, shall be citizens of the United States, and shall have the qualifications of state electors...
  • at least twenty-five (25) years of age
  • a citizen of the United States
  • qualified as an elector in the state of Wyoming

Vacancies

Article 4, Section 7 of the state constitution grants the governor the authority to fill any office that becomes vacant, so long as there is not already a constitutional or legal method for filling the vacancy.

Elections

The office of treasurer is elected every four years, in mid-term election years. In Wyoming, treasurer elections are held in 2010, 2014, and 2016.

Term limits

There are no term limits for this office.[3]

Full History


Duties

The treasurer is the chief banking officer of the state. They are responsible for receiving and investing all state funds and administering both the unclaimed property program and the CollegeInvest Wyoming Program. The treasurer serves on the following boards and commissioners:

  • State Loan and Investment Board
  • Board of Land Commissioners
  • State Building Commission
  • Wyoming Community Development Authority
  • Board of Deposits
  • State Canvassing Board
  • Wyoming Retirement System Board of Directors[4]

Title 9, Chapter 1, Article 4 of the Wyoming Code outlines the specific duties of the treasurer: "The state treasurer shall:

  1. Receive and keep all monies of the state not required by law to be received and kept by another state official;
  2. Pay all warrants duly and legally issued by the auditor so long as there are in his hands funds sufficient to pay the warrants;
  3. Keep a just, true and comprehensive account of all money received and disbursed;
  4. Have general responsibility for the management of state cash resources, including developing information in conjunction with the state auditor, to forecast the cash needs of the state."[5]

Divisions

Click here to view a larger-scale image of the Wyoming Treasurer's Office Organizational Chart as of October 30, 2012.

There are two primary divisions within the office of the treasurer:

  • The Investments and Banking Division manages over $13 billion in state funds, not including retirement funds. The state's portfolio is in "a diversified asset allocation based on modern portfolio theory to the extent allowed under law."[6]
  • The Unclaimed Property Division works to reunite unclaimed or abandoned property with its rightful owner or heir.[7]

State budget

The budget for the State Treasurer's Office in Fiscal Year 2013-2014 is $66,852,245.[8]

Compensation

2013

In 2013, the treasurer's salary remained at $92,000.[9]

2010

In 2010, the Wyoming Treasurer was paid an estimated $92,000 according to the Council of State Governments.[10]

Historical officeholders

State treasurers

There have been 30 Wyoming Treasurers since 1890. Of the 30 officeholders, 29 were Republican and 1 was Democrat.[11][12]

Territorial treasurers

There were 6 territorial treasurers of Wyoming between 1869 and 1890.[11]

Recent news

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Wyoming Treasurer News Feed

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Contact information

Wyoming State Treasurer's Office:
200 West 24th Street
Cheyenne, WY 82002

Phone: 307-777-7408
Fax: 307-777-5411 E-mail: Treasury

Contact information for all divisions

See also

External links

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References