Difference between revisions of "North Dakota Treasurer"

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The [[North Dakota Constitution|state Constitution]] establishes the office of treasurer in [[Article V, North Dakota Constitution#Section 2|Article V, Section 2]]:
 
The [[North Dakota Constitution|state Constitution]] establishes the office of treasurer in [[Article V, North Dakota Constitution#Section 2|Article V, Section 2]]:
  
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Revision as of 13:51, 15 July 2013

North Dakota Treasurer
General information
Office Type:  Partisan
Office website:  Official Link
2011-2013 FY Budget:  $26,705,390
Term limits:  None
Structure
Length of term:   4 years
Authority:  Article V, Section 2
Selection Method:  Elected
Current Officeholder

Kelly Schmidt.jpg
Name:  Kelly Schmidt
Officeholder Party:  Republican
Assumed office:  2005
Compensation:  $82,849
Elections
Next election:  November 8, 2016
Last election:  November 6, 2012
Other North Dakota Executive Offices
GovernorLieutenant GovernorSecretary of StateAttorney GeneralTreasurerAuditorSuperintendent of EducationAgriculture CommissionerInsurance CommissionerNatural Resources CommissionerLabor CommissionerPublic Service CommissionTax Commissioner
The North Dakota Treasurer is an elected executive position in the North Dakota state government. The treasurer is the chief financial officer of the state and is responsible for managing the state's money and acts as the state's banker. The office manages that state's investments, keeps track of unclaimed property, offers college scholarships and maintains tax distribution.

Current officeholder

The current officeholder is Kelly Schmidt. She was first elected in 2004 and re-elected in 2008 and 2012. Her current term expires in 2016.

Authority

The state Constitution establishes the office of treasurer in Article V, Section 2:

The qualified electors of the state at the times and places of choosing members of the legislative assembly shall choose a governor, lieutenant governor, agriculture commissioner, attorney general, auditor, insurance commissioner, three public service commissioners, secretary of state, superintendent of public instruction, tax commissioner, and treasurer. ...

Qualifications

Article V, Section 4 of the North Dakota Constitution establishes the qualifications to hold the office of treasurer:

To be eligible to hold an elective office established by this article, a person must be a qualified elector of this state, must be at least twenty-five years of age on the day of the election, and must have been a resident of this state for the five years preceding election to office. To be eligible to hold the office of governor or lieutenant governor, a person must be at least thirty years old on the day of the election. The attorney general must be licensed to practice law in this state.
  • qualified North Dakota voter
  • at least 25 years old
  • a resident of North Dakota for at least the five preceding years

Elections

The treasurer in North Dakota is popularly elected every four years, in Presidential election years. For North Dakota, 2012, 2016, and 2020 are all treasurer election years. The term of office is four years.

2012

See also: North Dakota down ballot state executive elections, 2012

Incumbent Kelly Schmidt (R) won re-election in 2012. She defeated Ross Mushik (D) in the November 6, 2012 general election.

North Dakota Treasurer General Election, 2012
Party Candidate Vote % Votes
     Republican Green check mark transparent.pngKelly Schmidt Incumbent 65.9% 197,041
     Democratic Ross Mushik 34.1% 101,795
Total Votes 298,836
Election Results via North Dakota Secretary of State.


Vacancies

Article V, Section 8 addresses vacancies in state executive offices. In the event of a vacancy, the governor nominates a successor who must be confirmed by the state senate. Once confirmed, the individual serves the remainder of the unexpired term.

Duties

As the chief banking officer in the state, the treasurer is responsible for managing the state money and investments. Chapter 54-11 of the North Dakota Century Code outlines the specific duties of the office:

  • ensure the legality of all deposits to and withdrawals from the state treasury, and record all transactions
  • maintain a record of all revenues and expenditures of state agencies
  • provide a report, within 90 days of the beginning of each fiscal year, to the budget section of the legislative assembly
  • provide a biennial report to the governor and secretary of state
  • make all books and records available for inspection at all times by the governor, the state auditor, the commissioner of financial institutions, the office of management and budget, and any committee appointed to examine them by either house of the legislative assembly
  • work to provide public access to financial education tools

Additionally, the treasurer serves on the Board of University and School Lands, the State Board of Equalization, the State Historical Board, the State Investment Board, the Teacher's Fund for Retirement Board, and the State Canvassing Board.[1]

Divisions

Click here to view a larger-scale image of the North Dakota State Treasurer's Offive Organizational Chart as of November 2011.

The treasurer's office is separated into five divisions:

  • Administration
  • Investments
  • Accounting
  • Tax Distributions
  • Cash Management

State budget

The budget for the Treasurer's office in Fiscal Year 2011-2013 was $26,705,390.[2]

Compensation

See also: Compensation of state executive officers

In 2012, the North Dakota Treasurer was paid an estimated $82,849. This figure comes from the Council of State Governments.

Historical officeholders

Note: Ballotpedia's state executive officials project researches state official websites for chronological lists of historical officeholders. That information for the North Dakota Treasurer 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

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Contact Information

North Dakota State Treasurer
600 E Boulevard Ave, Dept 120
Bismarck , ND 58505-0660

Phone: (701) 328-2643
Fax: (701) 328-3002

See also

External links

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References