Difference between revisions of "West Virginia Treasurer"
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*issues quarterly and annual reports on debt
*issues quarterly and annual reports on debt
*provides safekeeping services
*provides safekeeping services
*handles additional banking and accounting functions as directed<ref name=history>[http://www.wvsto.com/Treasurer/Pages/History.aspx ''West Virginia Treasury'' "Office history," accessed June 20, 2011]</ref>
*handles additional banking and accounting functions as directed<ref name=history>[http://www.wvsto.com/Treasurer/Pages/History.aspx ''West Virginia Treasury''"Office history," accessed June 20, 2011]</ref>
Revision as of 07:11, 2 May 2014
|West Virginia Treasurer|
|Office website:||Official Link|
|2013 FY Budget:||$3,928,147|
|Length of term:||4 years|
|Authority:||West Virginia Constitution, Article VII, Section 1|
|Next election:||November 8, 2016|
|Last election:||November 6, 2012|
|Other West Virginia Executive Offices|
|Governor • Lieutenant Governor • Secretary of State • Attorney General • Treasurer • Auditor • Superintendent of Education• Agriculture Commissioner • Insurance Commissioner• Natural Resources Commissioner • Secretary of Commerce • Commissioner of Labor • Public Service Commission|
The current officeholder is John Perdue. He was first elected in 1996.
Article VII, Section 1:
|The executive department shall consist of a governor, secretary of state, auditor, treasurer, commissioner of agriculture and attorney general...|
No person, except citizens entitled to vote, shall be elected or appointed to any state, county or municipal office; but the governor and judges must have attained the age of thirty, and the attorney general and senators the age of twenty-five years, at the beginning of their respective terms of service; and must have been citizens of the state for five years next preceding their election or appointment, or be citizens at the time this constitution goes into operation.
- a citizen entitled to vote
- a resident of West Virginia for at least the preceding 5 years
Details of vacancy appointments are addressed under Article VII, Section 17 of the state constitution.
If the office of treasurer becomes vacant, it is the duty of the governor to fill the position by appointment. The appointee serves until a new treasurer is elected.
As the chief financial officer, the duties of the treasurer center around cash management for the state government:
- receives and disburses state funds
- files and retains all paid checks and bonds issued by the state
- collects fees crime victim's compensation, law-enforcement training, regional jail authority, and litter control fund
- disburses coal, oil, gas, liquor, wine, and fire casualty insurance premium taxes to local government subdivisions
- issues quarterly and annual reports on debt
- provides safekeeping services
- handles additional banking and accounting functions as directed
The Office of Treasurer is a publicly elected statewide position with elections held every four years. Elections are held in November and officers assume their duties the following January. There are no term limits for the office.
To view the electoral history dating back to 2000 for the office of West Virginia Treasurer, Click [show] to expand the section.
The office of the treasurer is divided into specialized departments.
- The Administration Department maintains the financial records of the treasurer's office, and provides a full, online accounting of all state tax dollars.
- The Cash Management Department manages the state's banking system, receiving deposits and debits, and collects and disburses state and local government funds.
- The Debt Management Department is a central repository for information regarding all debts issued by the state and all agencies, boards, and commissions. The staff process debt payments and issue annual and semi-annual reports on both debt management and debt capacity.
- The e-Government Department maintains an electronic system for goods and services offered by the state government, ranging from tuition payments to hunting and fishing licenses.
- The Financial Education Department delivers programming to West Virginians to promote personal financial literacy and manages partnerships among citizens, private businesses, and other local government entities to ensure continued access to these programs.
- The Internal Audit Department provides assistance to the treasury's audit committee through data analysis, appraisals, counsel, information, and recommendations to promote the internal controls that govern the functions of the office.
- The Unclaimed Property Department works to return and recover unclaimed property to its rightful owner.
The budget for the Treasurer's Office in Fiscal Year 2013 was $3,928,147.
- See also: Compensation of state executive officers
Article 7, Section 19 of the state constitution defines the method by which the treasurer's compensation is set:
|The officers named in this article shall receive for their services a salary to be established by law, which shall not be increased or diminished during their official terms, and they shall not, after they shall not, after the expirations of the terms of those in office at the adoption of this amendment, receive to their own use any fees, costs, perquisites of office or other compensation, and all fees that may hereafter be payable by law, for any service performed by any officer provided for in this article of the Constitution, shall be paid in advance into the state treasury.|
Chapter 6, Article 7-2 of the West Virginia Code lays out the exact compensation for certain state officers. According to this section of the state code, the salary of the treasurer, beginning in 2009 and for each calendar year thereafter, shall be $95,000.
In 2013, the treasurer's salary remained at $95,000.
- Summary of past officeholders. Since 1863, West Virginia has had 23 treasurers. Larrie Bailey served twice, non-consecutively.
Click "show" former officeholders.
|#||Name||Took office||Left office||County|
|2||Jacob H. Brister||1866||1868||Republican|
|3||James A. MaCauley||1868||1870||Republican|
|4||John S. Burdette||1870||1876||Democrat|
|6||Thomas J. West||1876||1880||Democrat|
|8||William T. Thompson||1884||1892||Democrat|
|9||John M. Rowan||1892||1896||Democrat|
|10||M. A. Kendall||1896||1900||Republican|
|13||E. Leslie Long||1908||1916||Republican|
|15||Richard E. Talbott||1932||1950||Democrat|
|16||William H. Ansel, Jr.||1950||1956||Democrat|
|17||Orel J. Skeen||1956||1960||Democrat|
|18||John H. Kelly||1960||1975||Democrat|
|19||Ronald G. Pearson||1975||1976||Republican|
|21||A. James Machin||1984||1989||Democrat|
|22||Thomas E. Loehr||1989||1990||Democrat|
|24||John D. Perdue||1996||present||Democrat|
This section displays the most recent stories in a Google news search for the term West Virginia + State + Treasurer
- All stories may not be relevant to this page due to the nature of the search engine.
West Virginia State Treasurer's Office
1900 Kanawha Boulevard
Capitol Complex Building #1, Room E-145
Charleston, WV 25305
Toll free: 1-800-422-7498
- West Virginia Treasury, "Office history," accessed June 20, 2011
- West Virginia State Budget Office, "Legislature's Enrolled FY 2013 Budget Bill," accessed April 3, 2013
- West Virginia Code, " Retrieved June 20, 2011
- Council of State Governments, Table 4.11 Selected State Administrative Officials: Annual Salaries, accessed January 31, 2014
- The Council of State Governments,"The Book of States 2010 Table 4.11," accessed April 23, 2011