Does your state lean blue or lean red? Check out our new report, highlighting partisan control of state government from 1992-2013.
Wisconsin Treasurer
| Wisconsin Treasurer | |
 | |
| General information | |
| Office Type: | Partisan |
| Office website: | Official Link |
| 2013 FY Budget: | $4,861,100 |
| Term limits: | None |
| Structure | |
| Length of term: | 4 years |
| Authority: | Wisconsin State Code, Chapter 14.56 |
| Selection Method: | Elected |
| Current Officeholder | |
 | |
| Name: | Kurt Schuller |
| Officeholder Party: | Republican |
| Assumed office: | January 3, 2011 |
| Compensation: | $68,556 |
| Elections | |
| Next election: | November 4, 2014 |
| Last election: | November 2, 2010 |
| Other Wisconsin 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 Kurt Schuller.
Authority
The treasurer's office is authorized by Chapter 14.56 of the Wisconsin state code.[2]
Chapter 14.56:
| Office of state treasurer; creation. There is created an office of the state treasurer under the direction and supervision of the state treasurer. |
Elections
According to Article 6 of the state constitution, the treasurer is elected every four years, in mid-term election years, to a four-year term. In Wisconsin, the treasurer is elected in 2010, 2014, and 2018.
Vacancies
Chapter 17.19(4) of the Wisconsin state code addresses vacancies in the office of treasurer. In the event of a vacancy for any reason, the governor shall appoint a successor to serve until a special election can be held. If no such election is held, the appointee holds office for the remainder of the unexpired term. [3]
Duties
The Wisconsin treasurer serves as the chief banking officer of the state. They are responsible for managing the unclaimed property program, college savings program, and a local government investment funds pool.[4]
The specific duties of the treasurer are outlined in Chapter 14.58 of the Wisconsin state code.
Chapter 14.58 - Duties. The state treasurer shall:
1. Sign checks, share drafts, and other drafts. Sign checks, share drafts, and other drafts on depositories in which moneys may be deposited in one of the following methods:
- By the state treasurer personally;
- By an assistant state treasurer, appointed as provided in s. 14.62, in the name of the state treasurer;
- In the name of the state treasurer, by any clerk in the treasurer's office designated by the treasurer; or
- By placing on a check, share draft or other draft the facsimile signature of the state treasurer adopted by him or her as a facsimile signature. Any depository shall be fully warranted and protected in making payment on any check, share draft or other draft bearing such facsimile notwithstanding that the facsimile may have been placed on the check, share draft or other draft without the state treasurer's authority.[5]
2. Permit examination of books. Permit at all times inspection and examination of the books, papers and transactions of the treasurer's office by the governor, secretary of state, attorney general, department of administration or state auditor, or by the legislature, any committee thereof or either house thereof.[5]
3. Make certified copies. Make a certified copy of any deed, bond, document or paper filed in the treasurer's office, and transcripts from the books and records kept therein, when required by any person so to do; and collect therefore 25 cents per folio, and $1 for such certificate.[5]
4. Other duties. Perform all other duties imposed upon the state treasurer by law.[5]
Divisions
There are three divisions within the office of the treasurer:
- The Unclaimed Property Division maintains records for all unclaimed property in the state.[4]
- The College Savings Program Division manages a savings program for future higher education expenses.[6]
- The Local Government Investment Division pools investment funds from Wisconsin counties, municipalities, school districts and other local government units with state funds to create greater earning potential.[7]
State budget
The budget for the State Treasurer's Office in Fiscal Year 2013 was $4,861,100.[8]
Compensation
- See also: Compensation of state executive officers
In 2012, the Wisconsin Treasurer was paid an estimated $68,556. This figure comes from the Council of State Governments.
Contact information
Wisconsin Office of the Treasurer
P.O. Box 2114
Madison, WI 53701
Phone: 608-266-1714
Toll free: 1-877-699-9211
E-mail: Unclaimed Property; Local Government Investment Pool
See also
External links
References
- ↑ Wisconsin State Treasury, "The treasurer's office," accessed August 25, 2011
- ↑ Wisconsin state code "Chapter 14: Constitutional Offices and Interstate Bodies (page 8)," accessed August 25, 2011
- ↑ Wisconsin state code, "Chapter 17: Resignations, vacancies, and removals from office (page 7)," accessed August 25, 2011
- ↑ 4.0 4.1 Wisconsin State Treasury, "The treasurer's office," accessed August 25, 2011
- ↑ 5.0 5.1 5.2 5.3 Wisconsin state code, "Chapter 14: Constitutional Offices and Interstate Bodies (page 8)," accessed August 25, 2011
- ↑ Wisconsin State Treasury, "Wisconsin college savings program," accessed August 25, 2011
- ↑ Wisconsin State Treasury, "Local government investment pool," accessed August 25, 2011
- ↑ Wisconsin Department of Administration, "2013-15 Executive Budget - State Treasurer," accessed April 3, 2013
| |||||||||||||||||
| ||||||||||||||||
