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Wyoming Treasurer
| 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 | |
 | |
| 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 | |
| Governor • Lieutenant Governor • Secretary of State • Attorney General • Treasurer • Auditors: Auditor • Director • Superintendent of Education • • Agriculture Commissioner • Insurance Commissioner • Labor Commissioner • Public Service Commission | |
Contents |
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 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 6 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
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]
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.
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:
- Receive and keep all monies of the state not required by law to be received and kept by another state official;
- Pay all warrants duly and legally issued by the auditor so long as there are in his hands funds sufficient to pay the warrants;
- Keep a just, true and comprehensive account of all money received and disbursed;
- 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
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
In 2010, the Wyoming Treasurer was paid an estimated $92,000 according to the Council of State Governments.[9]
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
References
- ↑ Office of Wyoming Governor "Press Release" Accessed November 29, 2012
- ↑ Wyoming News "State treasurer, longtime state official Joe Meyer dies" Accessed October 8, 2012
- ↑ Wyoming Constitution, Article 4, Section 11
- ↑ Wyoming State Treasury, "About," accessed August 21, 2011
- ↑ Wyoming State Code, Title 9, Chapter 1, Article 4: Auditor and treasurer, accessed August 21, 2011
- ↑ Wyoming Treasurer's Office, "Investments & banking division," accessed Aguust 21, 2011
- ↑ Wyoming Treasurer's Office, "Unclaimed property division," accessed August 21, 2011
- ↑ Wyoming Department of Administration and Information, "Department Budget Summary Office of the Governor 2013-2014," Accessed April 2, 2013
- ↑ The Council of State Governments,"The Book of States 2010 Table 4.11," retrieved May 14, 2011
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