Difference between revisions of "Mississippi Treasurer"
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* at least 25 years old
* at least 25 years old
* a resident of Mississippi for at least the 5 years before the day of their election<ref>[http://www.sos.state.ms.us/elections/qual_feesmscands.asp ‘’Mississippi Secretary of State,'' “Qualifications and fees for Mississippi candidates,”
* a resident of Mississippi for at least the 5 years before the day of their election<ref>[http://www.sos.state.ms.us/elections/qual_feesmscands.asp ‘’Mississippi Secretary of State,'' “Qualifications and fees for Mississippi candidates,” May 6, 2011]</ref>
Latest revision as of 08:40, 14 July 2014
|Office website:||Official Link|
|2013-2014 FY Budget:||$3,233,551|
|Length of term:||4 years|
|Authority:||Mississippi Constitution, Article V, Section 134|
|Assumed office:||January 5, 2012|
|Next election:||November 2015|
|Last election:||November 8, 2011|
|Other Mississippi Executive Offices|
|Governor • Lieutenant Governor • Secretary of State • Attorney General • Treasurer • Auditor • Superintendent of Education • Agriculture Commissioner • Insurance Commissioner • Executive Director of Environmental Quality • Executive Director of Employment Security • Public Service Commission|
The treasurer is responsible for maintaining the state funds by investing and maintaining the state budget. The department's main purpose is to invest state funds, to disburse funds for local bonds and taxes as needed, to ensure records are kept of all money transactions, to distribute unclaimed property as needed and make payments for the state as needed.
The treasurer is elected every four years.
Article V, Section 134:
|A State Treasurer and an Auditor of Public Accounts shall be elected as herein provided, who shall hold their office for the term of four (4) years, and shall possess the same qualifications as required for the Secretary of State. They shall receive such compensation as may be provided by law.|
|... He shall be at least twenty-five years of age, a citizen of the state five years next preceding the day of his election, and he shall continue in office during the term of four years...|
- at least 25 years old
- a resident of Mississippi for at least the 5 years before the day of their election
Mississippi elects treasurers to four-year terms during gubernatorial election years. For Mississippi, 2003, 2007, 2011, and 2015 are all treasurer election years.
Note: Ballotpedia's state executive officials project researches the constitutional or statutory text that details the process of filling vacancies for a state executive office. That information for the Mississippi Treasurer has not yet been added. After extensive research we were unable to identify any relevant information on state official websites. If you have any additional information about this office for inclusion on this section and/or page, please email us.
The duties of the treasurer are detailed in the Mississippi Code and listed on the treasurer's website and are as follows:
- To invest and account for general, special, clearing and special purpose investment funds, as well as bond proceeds, according to specific legislated authorization and direction;
- To account for and invest trust funds in the custody of the Treasurer;
- To account for and disburse funds for scheduled payments on bonded indebtedness;
- To prepare all reports and maintain all records required by the Federal Tax Reform Act for calculating any required arbitrage rebate;
- To distribute proportionate tax revenues to counties, cities, and other taxing districts of the State;
- To monitor the cash position of all Treasury funds to insure that cash balances are invested immediately and sufficient cash balances are on hand to pay obligations as they become due;
- To provide a cash flow projection for the timing of receipts and disbursements;
- To identify and recommend to other state agencies the use of cash management techniques which speed collection and increase earnings on investment balances;
- To publish semi-annual GAAP report packages on all funds managed by the Treasurer for inclusion in the Comprehensive Annual Financial Report prepared by the Department of Finance and Administration;
- To act as custodian of unclaimed property reported to the Treasurer and attempt to locate the rightful owners so that they may claim their property;
- To serve as Treasurer to the Mississippi Employment Security Commission;
- To insure that all State deposits in approved depository institutions are collateralized at 105% of the deposit balance according to statute;
- To serve as custodian for securities pledged to the State and its agencies;
- To annually approve and issue a commission to all financial institutions serving as depositories for State funds; and
- To process and pay all warrants issued by the State in payment of its obligations;
- The State Treasurer also represents the Executive Branch on various boards and commissions.
Note: Ballotpedia's state executive officials project researches state official websites for information that describes the divisions (if any exist) of a state executive office. That information for the Mississippi Treasurer has not yet been added. After extensive research we were unable to identify any relevant information on state official websites. If you have any additional information about this office for inclusion on this section and/or page, please email us.
The Office of State Treasurer's budget for fiscal year 2013 is $3,233,551.
- See also: Compensation of state executive officers
In 2013, the treasurer's salary was estimated at $90,000.
Since 1817 Mississippi has had 49 state treasurers.
Click "show" for former officeholders.
|#||Name||Took office||Left office||Party|
|3||Samuel C. Wooldridge||1821||1828|
|4||James Phillips, Jr.||1828||1836|
|7||James G. Williams||1839||1839|
|8||Joshua S. Curtis||1840||1841|
|9||Richard S. Graves||1841||1843|
|11||Shields L. Hussey||1854||1860|
|14||John H. Echols||1865||1869|
|15||William H. Vasser||1869||1874|
|18||William L. Hemingway||1875||1890|
|22||George W. Carlisle||1901||1902|
|23||Thad B. Lampton||1902||1904|
|24||William Jones Miller||1904||1908|
|25||George Robert Edwards||1908||1912|
|26||Peter Simpson Stovall||1912||1916|
|27||John Peroutt Taylor||1916||1920|
|28||Larkin Seyomer Rodgers||1920||1920|
|29||William Moseley Murry||1920||1924|
|30||Ben Shem Lowry||1924||1928|
|32||Lewis S. May||1932||1936|
|34||Lewis S. May||1940||1944|
|38||Robert D. Morrow, Sr.||1956||1960|
|42||Brad Dye, Jr.||1972||1976|
|44||John L. Dale||1980||1980|
|45||Bill Cole, III||1980||1988|
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Mississippi State Treasurer's Office
PO Box 138
Jackson, MS 39205
- Governor: Phil Bryant (R)
- Lieutenant Governor: Tate Reeves (R)
- Attorney General: Jim Hood (D)
- Auditor of State: Stacey Pickering (R)
- Secretary of State: Delbert Hosemann (R)
- Secretary of Agriculture: Cindy Hyde-Smith (R)
- Treasurer of State: Lynn Fitch (R)
- WAPT, "7 Of 8 Statewide Officials Sworn In," January 5, 2012
- ‘’Mississippi Secretary of State, “Qualifications and fees for Mississippi candidates,” accessed May 6, 2011
- Office of the Mississippi State Treasurer, "Office of the State Treasurer," accessed May 6, 2011
- State of Mississippi Joint Legislative Budget Committee, "Legislative Appropriations Bulletin FY 2013," 15, accessed June 28, 2013
- Council of State Governments, Table 4.11 Selected State Administrative Officials: Annual Salaries, accessed January 30, 2014