Note: Ballotpedia will be read-only from 9pm CST on February 25-March 2 while Judgepedia is merged into Ballotpedia.
For status updates, visit

Florida Chief Financial Officer

From Ballotpedia
Revision as of 07:29, 26 March 2014 by Sarah Rosier (Talk | contribs)

Jump to: navigation, search
Florida Chief Financial Officer
General information
Office Type:  Partisan
Office website:  Official Link
2013-2014 FY Budget:  $12,096,411
Term limits:  None
Length of term:   4 years
Authority:  Florida Constitution, Article IV, Section 4
Selection Method:  Elected
Current Officeholder

Jeff Atwater.jpg
Name:  Jeffrey Atwater
Officeholder Party:  Republican
Assumed office:  January 4, 2011
Compensation:  $128,972
Next election:  November 4, 2014
Last election:  November 2, 2010
Other Florida Executive Offices
GovernorLieutenant GovernorSecretary of StateAttorney GeneralChief Financial OfficerCommissioner of EducationAgriculture CommissionerInsurance CommissionerEnvironmental Protection SecretaryEconomic Opportunity DirectorPublic Service Commission
The Chief Financial Officer of the State of Florida is a state executive position in the government of Florida.

The chief financial officer oversees the Florida Department of Financial Services, a conglomeration of state agencies including the Departments of Insurance, Treasury, State Fire Marshal and Banking & Finance. The Department of Financial Services, like the office of chief financial officer, was created by constitutional referendum in 1998 and officially became active on January 1, 2003.

The CFO's responsibilities generally overlap with those of a state treasurer or controller: he provides accounting, auditing, and payroll services to the state, manages the state's finances and oversees receipt and disbursement of monies.[1]

Current officeholder

The current CFO is Jeff Atwater, a Republican, who was first elected on November 2, 2010 and took office on January 4, 2011.[2] He will come up for re-election in November 2014 and plans to run.[3]

Atwater was a member of the Florida Senate from 2002 to 2010 and President from 2008 to 2010. He was a state representative from 2000 to 2002. Before his election to state office, Atwater was vice mayor of North Palm Beach, FL from 1993 to 2000. Additionally, he has more than 25 years of experience in community banking.[4]


The office of chief financial officer is established in Article IV of the state constitution.

Florida Constitution, Article IV, Section 4

(c) The chief financial officer shall serve as the chief fiscal officer of the state, and shall settle and approve accounts against the state, and shall keep all state funds and securities.


Like all members of the Florida cabinet, the chief financial officer must be at least 30 years old and have resided in the state for seven years prior to his election.

Florida Constitution, Article IV, Section 5

(b) When elected, the governor, lieutenant governor and each cabinet member must be an elector not less than thirty years of age who has resided in the state for the preceding seven years. The attorney general must have been a member of the bar of Florida for the preceding five years. No person who has, or but for resignation would have, served as governor or acting governor for more than six years in two consecutive terms shall be elected governor for the succeeding term.


Florida state government organizational chart

The chief financial officer is elected to four year terms in federal midterm election years (e.g. 2006, 2010, 2014). He assumes office on the first Tuesday after the first Monday in the January following his election.

Term limits

There are no term limits associated with the office of chief financial officer.


The Governor of Florida fills a vacancy in any "state, district, or county office" by appointing a replacement to serve out the remainder of the term.[5] If there is more than 28 months left remaining in the term when the vacancy occurs, the replacement appointee serves until the first Tuesday after the first Monday following the next general election.


The chief financial officer oversees the Florida Department of Financial Services. The department provides accounting and auditing services to state agencies, acts as the state's bank by disbursing and receiving funds into the treasury, and performs other financial duties. In addition, the department performs non-financial regulatory duties, including insurance licensing and fraud investigation, funeral parlor and cemetery licensing and public assistance fraud investigation. Notably, the chief financial officer also acts as state fire marshal, which certifies firefighters, sets training standards and investigations potential arson.


Service Divisions:

  • Accounting and Auditing
    • Accounting
    • Auditing
    • Local Government
    • State Payrolls
  • Consumer Services
    • Consumer Assistance
    • Education, Advocacy and Research
    • Consumer Outreach
  • Funeral and Cemetary Services
  • Insurance Agent and Agency Services
    • Licensing
    • Investigation
  • Insurance Fraud
    • Workers Compensation Fraud
    • Crime Intelligence and Analytical Support
    • Professional Standards and Planning
    • Regional Offices
  • Public Assistance Fraud
  • Rehabilitation and Liquidation
  • Risk Management
    • Loss Prevention
    • Claims Administration
  • Treasury
    • Deferred Compensation
    • Collateral Management
    • Funds Management
  • State Fire Marshal
    • Fire and Arson Investigations
    • Forensic Fire and Explosives Analysis
    • Fire Prevention
    • Fire Standards and Training
  • Workers' Compensation
    • Compliance
    • Employee Assistance and Ombudsman
    • Monitoring and Audit
    • Operations Support
    • Data Quality and Collection
    • Medical Services
    • Assessments
    • Special Disability Trust Fund

State budget

The budget for the Office of Chief Financial Officer in Fiscal Year 2013-2014 was $12,096,411.[6]


The chief financial officer's compensation is set by law.


In 2013, the chief financial officer received a salary of $128,972. This figure comes from the Council of State Governments.[7]


In 2010, the chief financial officer received compensation in the amount of $128,972.

Historical officeholders

Note: Ballotpedia's state executive officials project researches state official websites for chronological lists of historical officeholders. That information for the Florida Chief Financial Officer has not yet been added because the information was unavailable on the relevant state official websites, or we are currently in the process of formatting the list for this office. If you have any additional information about this office for inclusion on this section and/or page, please email us.

Recent news

This section displays the most recent stories in a google news search for the term Florida + State + "Chief Financial Officer" + Atwater

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

"Chief+Financial+Officer"+Atwater&um=1&ie=UTF-8&output=rss Florida Chief Financial Officer News Feed

  • Loading...

Contact Information

Address: Florida Department of Financial Services
200 East Gaines St.
Tallahassee, FL 32399-4228

Phone: 1-877-693-5236

See also

External links