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Virginia Treasurer
| Virginia Treasurer | |
 | |
| General information | |
| Office Type: | Non-partisan |
| Office website: | Official Link |
| 2012 FY Budget: | $18,549,030 |
| Term limits: | None |
| Structure | |
| Length of term: | Serves at the pleasure of the Governor |
| Authority: | Virginia Code, Title 2.2, Chapter 18, Section 1 |
| Selection Method: | Appointed by Governor |
| Current Officeholder | |
 | |
| Name: | Manju Ganeriwala |
| Assumed office: | January 1, 2009 |
| Compensation: | $157,249 |
| Other Virginia Executive Offices | |
| Governor • Lieutenant Governor • Secretary of State • Attorney General • Treasurer • Auditor • Superintendent of Education • Agriculture Commissioner • Insurance Commissioner • Natural Resources Commissioner • Labor Commissioner • Public Service Commission | |
Contents |
Current officeholder
The current officeholder is Manju Ganeriwala. She was first first appointed to the statewide office by former Governor Tim Kaine, effective January 1, 2009. Ganeriwala was reappointed by Gov. Bob McDonnell after he was elected governor in 2010.[2]
Authority
The office of Treasurer is established in Title 2.2, Chapter 18 of the Code of Virginia:
Title 2.2, Chapter 18, Section 1:
| A. There is created a Department of the Treasury ("the Department"), which shall be under the direct control and supervision of the State Treasurer. The State Treasurer shall be appointed by the Governor to serve at his pleasure or until a successor is appointed and qualified. |
Qualifications
There are no specific qualifications for this office.
Appointments
The treasurer is appointed by, and serves at the pleasure of, the Governor of Virginia.[3]
Vacancies
In the event of a vacancy in the office, the governor appoints a new officeholder.
Duties
The Virginia Treasurer serves as the chief banking officer in the commonwealth. In addition to providing the commonwealth and its agencies with both routine and specialized banking services, they are responsible for:
- managing Virginia's investment portfolio
- issuing bonds
- managing the commonwealth's debt[4]
The specific duties of the office are outlined, in detail, in Title 2.2, Chapter 18 of the Code of Virginia].
Divisions
- Unclaimed property
- Cash management & investments
- Financing programs
- Risk management
- Operations
State budget
The budget for the Department of the Treasury in Fiscal Year 2012 was $18,549,030.[5]
Compensation
In 2011, the Virginia Treasurer was paid an estimated $149,761, according to the Council of State Governments.[6]
Contact information
Commonwealth of Virginia
Department of the Treasury
James Monroe Bldg, 3rd Fl.
101 N. 14th Street
Richmond, VA 23219
- Phone: (804) 225-2142
- Fax: (804) 225-3187
Full list of department contacts
See also
External links
References
- ↑ Virginia Department of the Treasury, "Welcome to the Treasury," accessed February 4, 2013
- ↑ Virginia Department of the Treasury, "Manju Ganeriwala--Treasurer of the Commonwealth of Virginia," accessed February 4, 2013
- ↑ Code of Virginia, "Title 2.2, Chapter 18, Section 1: Department of the Treasury; State Treasurer," accessed February 8, 2012
- ↑ Virginia Treasury, "Treasurer of the commonwealth," accessed February 8, 2012
- ↑ Virginia Budget Appropriations Database, "Final Budget for the 2010-2012 Biennium," accessed April 5, 2013
- ↑ Council of State Governments, "Table 4.11 Selected state administrative officials: Annual salaries by region," retrieved February 1, 2012
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