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
 
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*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>
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*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>
  
 
==Elections==
 
==Elections==

Revision as of 06:11, 2 May 2014

West Virginia Treasurer
General information
Office Type:  Partisan
Office website:  Official Link
2013 FY Budget:  $3,928,147
Term limits:  None
Structure
Length of term:   4 years
Authority:  West Virginia Constitution, Article VII, Section 1
Selection Method:  Elected
Current Officeholder

JohnPerdue.jpg
Name:  John Perdue
Officeholder Party:  Democratic
Assumed office:  1997
Compensation:  $95,000
Elections
Next election:  November 8, 2016
Last election:  November 6, 2012
Other West Virginia Executive Offices
GovernorLieutenant GovernorSecretary of StateAttorney GeneralTreasurerAuditorSuperintendent of EducationAgriculture CommissionerInsurance CommissionerNatural Resources CommissionerSecretary of CommerceCommissioner of LaborPublic Service Commission
The West Virginia Treasurer is an elected, state executive position in the West Virginia state government. The treasurer is the chief financial officer of the state and is a member of several major financial decision-making boards throughout the state government.

Current officeholder

The current officeholder is John Perdue. He was first elected in 1996.

Authority

The Treasurer's installation is established by Article VII of the West Virginia Constitution.

Article VII, Section 1:

The executive department shall consist of a governor, secretary of state, auditor, treasurer, commissioner of agriculture and attorney general...

Qualifications

Article IV, Section 4 of the West Virginia Constitution establishes the qualifications of office as such:

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

Vacancies

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.

Duties

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[1]

Elections

West Virginia state government organizational chart

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.

Full History


Divisions

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.

State budget

The budget for the Treasurer's Office in Fiscal Year 2013 was $3,928,147.[2]

Compensation

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.[3]

2013

In 2013, the treasurer's salary remained at $95,000.[4]

2012

In 2012, the treasurer was paid an estimated $95,000. This figure comes from the Council of State Governments.

2010

In 2010, the West Virginia Treasurer was paid an estimated $95,000 according to the Council of State Governments.[5]

Historical officeholders

Summary of past officeholders. Since 1863, West Virginia has had 23 treasurers. Larrie Bailey served twice, non-consecutively.[1]

Click "show" former officeholders.

# Name Took office Left office County
1 Campbell Tarr 1863 1866 Republican
2 Jacob H. Brister 1866 1868 Republican
3 James A. MaCauley 1868 1870 Republican
4 John S. Burdette 1870 1876 Democrat
5 Sobieski Brady 1876 1876 Democrat
6 Thomas J. West 1876 1880 Democrat
7 Thomas O'Brien 1880 1884
8 William T. Thompson 1884 1892 Democrat
9 John M. Rowan 1892 1896 Democrat
10 M. A. Kendall 1896 1900 Republican
11 Peter Silman 1900 1904 Republican
12 Newton Ogden 1904 1908 Republican
13 E. Leslie Long 1908 1916 Republican
14 W.S. Johnson 1916 1932 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
20 Larrie Bailey 1976 1984 Democrat
21 A. James Machin 1984 1989 Democrat
22 Thomas E. Loehr 1989 1990 Democrat
23 Larrie Bailey 1990 1996 Democrat
24 John D. Perdue 1996 present Democrat

Recent news

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 Treasurer News Feed

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Contact information

West Virginia State Treasurer's Office
1900 Kanawha Boulevard
Capitol Complex Building #1, Room E-145
Charleston, WV 25305

Phone: 304-558-5000
Toll free: 1-800-422-7498
TTY: 304-340-1598

Contact information for individual departments

See also

External links

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Suggest a link

References