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 6, 2018
Last election:  November 4, 2014
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

2014

See also: Wyoming down ballot state executive elections, 2014

Republican incumbent Mark Gordon won re-election without opposition on November 4, 2014.


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

See also: Wyoming state budget and finances

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

Compensation

See also: Compensation of state executive officers

DocumentIcon.jpg See statutes: Title 9, Chapter 3 of the Wyoming Statutes

Title 9, Chapter 3, Article 1 (§9‑3-101) of the Wyoming Statutes sets the treasurer's annual salary at $92,000.[9] The amount of compensation the treasurer receives is fixed by law, pursuant to Article 4, Section 13 of the Wyoming Constitution. Under this article, the salaries of the treasurer and other constitutionally specified executives "shall not be increased or diminished during the period for which they were elected, and all fees and profits arising from any of the said offices shall be covered into the state treasury."

2014

In 2014, the treasurer received a salary of $92,000, according to the Council of State Governments.[10]

2013

In 2013, the treasurer's salary remained at $92,000.[11]

2010

In 2010, the treasurer was paid an estimated $92,000 according to the Council of State Governments.[12]

Historical officeholders

State treasurers

There have been 30 Wyoming Treasurers since 1890. Of the 30 officeholders, 29 were Republican and one was Democrat.[13][14]

Territorial treasurers

There were 6 territorial treasurers of Wyoming between 1869 and 1890.[13]

State profile

Wyoming's population in 2014 was 584,153.

Wyoming's population in 2014 was 584,153 according to the United States Census Bureau. This estimate represented a 3.6 percent change from the bureau's 2010 estimate. The state's population per square mile was 5.8 in 2010, trailing the national average of 87.4. Wyoming experienced a 2.8 percent increase in total employment from 2011 to 2012 based on census data, exceeding a 2.2 percent increase at the national level during the same period.[15]

Demographics

Wyoming fell below the national average for residents who attained at least bachelor's degrees based on census data from 2009 to 2013. The United States Census Bureau found that 24.7 percent of Wyoming residents aged 25 years and older attained bachelor's degrees compared to 28.8 percent at the national level. The median household income in Wyoming was $57,406 between 2009 and 2013 compared to a $53,046 national median income. Census information showed a 10.9 percent poverty rate in Wyoming during the study period compared to a 14.5 percent national poverty rate.[15]

Racial Demographics, 2013[15]
Race Wyoming (%) United States (%)
White 92.7 77.7
Black or African American 1.7 13.2
American Indian and Alaska Native 2.6 1.2
Asian 0.9 5.3
Two or More Races 1.9 2.4
Hispanic or Latino 9.7 17.1

Presidential Voting Pattern, 2000-2012[16][17]
Year Democratic vote in Wyoming (%) Republican vote in Wyoming (%) Democratic vote in U.S. (%) Republican vote in U.S. (%)
2012 27.6 68.2 51.1 47.2
2008 32.4 64.4 52.9 45.7
2004 28.8 68.2 48.3 50.7
2000 27.3 66.7 48.4 47.9

Note: The United States Census Bureau considers "Hispanic or Latino" to be a place of origin rather than a race. Citizens may report both their race and their place of origin, and as a result, the percentages in each column of the racial demographics table may exceed 100 percent.[18][19]

Recent news

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All stories may not be relevant to this page due to the nature of the search engine.

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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Suggest a link

References

  1. Office of Wyoming Governor, "Press Release" accessed November 29, 2012
  2. Wyoming News, "State treasurer, longtime state official Joe Meyer dies" accessed October 8, 2012
  3. Wyoming Constitution, Article 4, Section 11
  4. Wyoming State Treasury, "About," accessed August 21, 2011
  5. Wyoming State Code, Title 9, Chapter 1, Article 4: Auditor and treasurer, accessed August 21, 2011
  6. Wyoming Treasurer's Office, "Investments & banking division," accessed Aguust 21, 2011
  7. Wyoming Treasurer's Office, "Unclaimed property division," accessed August 21, 2011
  8. Wyoming Department of Administration and Information, "Department Budget Summary Office of the Governor 2013-2014," accessed April 2, 2013
  9. Wyoming Legislative Service Office, "Wyoming Statutes: Title 9 - Administration of Government: Chapter 3 - Compensatin and Benefits: Article 1 - Salaries and Expenses," accessed February 25, 2015
  10. Council of State Governments, "SELECTED STATE ADMINISTRATIVE OFFICIALS: ANNUAL SALARIES," accessed December 8, 2014
  11. Council of State Governments, Table 4.11 Selected State Administrative Officials: Annual Salaries," accessed January 31, 2014
  12. The Council of State Governments, "The Book of States 2010 Table 4.11," accessed May 14, 2011
  13. 13.0 13.1 Wyoming State Treasurer, "Former Wyoming State Treasurers," accessed August 5, 2013
  14. Wyoming Secretary of State, "Wyoming State Officers," accessed August 5, 2013
  15. 15.0 15.1 15.2 United States Census Bureau, "QuickFacts Beta," accessed April 3, 2015
  16. Wyoming Secretary of State, "Wyoming Election Results," accessed April 3, 2015
  17. The American Presidency Project, "Presidential Elections Data," accessed April 3, 2015
  18. United States Census Bureau, "Frequently Asked Questions," accessed April 21, 2014
  19. Each column will add up to 100 percent after removing the "Hispanic or Latino" place of origin percentages, although rounding by the Census Bureau may make the total one- or two-tenths off from being exactly 100 percent. This Ballotpedia page provides a more detailed explanation of how the Census Bureau handles race and ethnicity in its surveys.