Virginia Treasurer

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Virginia Treasurer
General information
Office Type:  Nonpartisan
Office website:  Official Link
2012 FY Budget:  $18,549,030
Term limits:  None
Structure
Length of term:   Serves at the pleasure of the Governor
Authority:  Virginia Code, Title 2.2, Chapter 18, Section 1
Selection Method:  Appointed by Governor
Current Officeholder

Manju Ganeriwala.jpg
Name:  Manju Ganeriwala
Assumed office:  January 1, 2009
Compensation:  $157,249
Other Virginia Executive Offices
GovernorLieutenant GovernorSecretary of StateAttorney GeneralTreasurerAuditorSuperintendent of EducationAgriculture CommissionerInsurance CommissionerNatural Resources CommissionerLabor CommissionerPublic Service Commission
The Virginia Treasurer is an appointed position within the Virginia state government. The treasurer serves as the commonwealth's chief financial officer and is responsible for the banking and investments needs of the state government.[1]

Current officeholder

The current officeholder is Manju Ganeriwala. She was first first appointed to the statewide office by former Governor Tim Kaine, effective January 1, 2009. Ganeriwala was reappointed by Gov. Bob McDonnell after he was elected governor in 2010.[2]

Authority

The office of Treasurer is established in Title 2.2, Chapter 18 of the Code of Virginia:

Title 2.2, Chapter 18, Section 1:

A. There is created a Department of the Treasury ("the Department"), which shall be under the direct control and supervision of the State Treasurer. The State Treasurer shall be appointed by the Governor to serve at his pleasure or until a successor is appointed and qualified.

Qualifications

There are no specific qualifications for this office.

Appointments

The treasurer is appointed by, and serves at the pleasure of, the Governor of Virginia.[3]

Vacancies

In the event of a vacancy in the office, the governor appoints a new officeholder.

Duties

The Virginia Treasurer serves as the chief banking officer in the commonwealth. In addition to providing the commonwealth and its agencies with both routine and specialized banking services, they are responsible for:

  • managing Virginia's investment portfolio
  • issuing bonds
  • managing the commonwealth's debt[4]

The specific duties of the office are outlined, in detail, in Title 2.2, Chapter 18 of the Code of Virginia].

Divisions

Click here to view a larger-scale image of the Virginia Treasury Department's Organizational Chart as of March 28, 2013.
  • Unclaimed property
  • Cash management & investments
  • Financing programs
  • Risk management
  • Operations

State budget

The budget for the Department of the Treasury in Fiscal Year 2012 was $18,549,030.[5]

Compensation

In 2011, the Virginia Treasurer was paid an estimated $149,761, according to the Council of State Governments.[6]

Historical officeholders

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

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Contact information

Virginia

Commonwealth of Virginia
Department of the Treasury
James Monroe Bldg, 3rd Fl.
101 N. 14th Street
Richmond, VA 23219

  • Phone: (804) 225-2142
  • Fax: (804) 225-3187

Full list of department contacts

See also

External links

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References