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NASTState Treasury Profiles 2013

www.nast.org

Copyright 2013

NatioNal assoCiatioN of state treasurers

the Council of state Governments 2760 research Park Drive

P.o. Box 11910 lexington, KY 40578-1910

www.nast.org

special thankstreasury profile information for this publication was submitted by treasury office staff.

state treasurY Profiles iii

iNtroDuCtioN ............................................................................................................................iv

aBout Nast ..................................................................................................................................v

Nast affiliates ..........................................................................................................................vi

2013 Nast CoNfereNCes ...................................................................................................... vii

2013 Nast exeCutive Committee ................................................................................... viii

alPhaBetiCal list .................................................................................................................... 1

treasurY Profiles, alaBama – WYomiNG .................................................................... 2

aPPeNDiCes

treasurY CoNtaCt iNformatioN ..........................................................................................................103

state treasurers, 1976–PreseNt ...........................................................................................................107

Nast staff memBers..................................................................................................................................... 113

CsG iNformatioN ........................................................................................................................................... 114

Table of Contents

iv NatioNal assoCiatioN of state treasurers

Dear Nast members:

i would like to thank all of the treasurers for helping make this publication a reality. the National association of state treasurers (Nast) appreciates the time you’ve taken to provide and review the information contained in this reference book.

as you know, one of the primary purposes of Nast is to nurture professional relationships and to facilitate the sharing of information. i believe you’ll

find this publication invaluable in that regard. it contains details about each office and its leader, including a biographical sketch. office contact information, primary duties and key staff members are included.

You’ll also find a historical listing of our former treasurers—from 1976 to the present—and contact information for Nast staff. the 2013 Nast executive Committee is also listed.

i hope this publication will be useful to you as you undertake your responsibilities in 2013. it’s one of the many benefits of being a member of Nast. if i can be of any assistance to you, please don’t hesitate to contact me.

Warm regards,

manju s. Ganeriwala President, National association of state treasurers treasurer of the Commonwealth of virginia

Introduction

state treasurY Profiles v

An organization of state financial leaders, Nast encourages the highest ethical standards, promotes education and the exchange of ideas, builds professional relationships, develops standards of excellence and influences public policy for the benefit of the citizens of the states.

Nast seeks to provide advocacy and support that enables member states to pursue and ad-minister sound financial policies and programs benefiting the citizens of the nation. membership is composed of all state treasurers or state finance officials with comparable responsibilities from the united states, its commonwealths, territories, and the District of Columbia. the private sector is represented through the Corporate affiliate Program that was established to build professional relationships and foster cooperation between the public and private sectors.

the association serves its members through educational conferences and webinars, a variety of working groups, policy advocacy and publications that provide information about developments in public finance.

About NAST

For more information, visit the NAST website at www.NAST.org.

NAST FouNdATIoNthe Nast foundation is dedicated to enhancing the future of the public finance community through research and education. Beyond an initial investment made by Nast, the foundation is funded through program fees and charitable donations of the public finance community. the Nast foundation sponsors programs including the National institute for Public finance and New treasurers symposium. it also works to promote financial literacy curricula and programs that help people manage their resources.

vi NatioNal assoCiatioN of state treasurers

Three NeTworkS Are AFFIlIATed wITh NAST:

College SAvINgS PlANS NeTwork (CSPN)CsPN is a national non-profit association and the leading objective source of information about section 529 College savings Plans and Prepaid tuition Plans—popular, convenient and tax-advantaged ways to save for college. an affiliate of the National association of state treasurers (Nast), CsPN brings together administrators of 529 savings and prepaid plans from across the country, as well as their private sector partners, to offer convenient tools and objective, unbiased information to help families make informed decisions about saving for college.

for more information, visit the CsPN website at CollegeSavings.org.

NATIoNAl ASSoCIATIoN oF uNClAImed ProPerTy AdmINISTrATorS (NAuPA)as the foremost authority on unclaimed property, NauPa promotes and strengthens unclaimed property administration and interstate cooperation in order to enhance states’ return of unclaimed property to rightful owners and provides a forum for the open exchange of information and ideas. members represent all states, the District of Columbia, and other national and international governmental entities.

more information and links to all official unclaimed property databases are available at unclaimed.org.

STATe debT mANAgemeNT NeTwork (SdmN)sDmN is the professional organization of the managers and issuers of state debt. sDmN brings together public officials from all branches of state government to share information on issuance, management and oversight of public debt. the network fosters research and promotes public awareness about issues of concern to the membership and provides educational and professional development opportunities.

additional information about sDmN is available at www.sdmn.org.

NAST Affiliates

state treasurY Profiles vii

legISlATIve CoNFereNCemarch 18–20 mandarin oriental hotel Washington, D.C.

TreASury mANAgemeNT TrAININg SymPoSIummay 14–17 the Westin hotel Pittsburgh, Pennsylvania

NATIoNAl INSTITuTe For PublIC FINANCeJuly tBD Northwestern university at Chicago Chicago, illinois

ANNuAl CoNFereNCeoctober 6–9 the Grove Park inn asheville, North Carolina

ISSueS CoNFereNCeDecember 3–5 Conrad hotel New York, New York

2013 NAST Conferences

viii NatioNal assoCiatioN of state treasurers

2013 NAST executive Committee

PreSIdeNT mANju gANerIwAlACommonwealth of virginia treasurer

eASTerN regIoN vICe PreSIdeNT beTh PeArCevermont state treasurer

SeCreTAry-TreASurer dAvId lIllArdtennessee state treasurer

mIdweST regIoN vICe PreSIdeNT roN eSTeSKansas state treasurer

SeNIor vICe PreSIdeNT rIChArd ellISutah state treasurer

SouTherN regIoN vICe PreSIdeNT keN mIlleroklahoma state treasurer

PAST PreSIdeNT kATe mArShAllNevada state treasurer

weSTerN regIoN vICe PreSIdeNT doug duCeyarizona state treasurer

State treaSury ProfileS 1

Alphabetical List

atwater, Jeff florida 20

Barnette, Jeffrey Dist. of Columbia 18

Boozer, young J. iii alabama 2

Brewer, aida M. New york 64

Combs, Susan texas 86

Cowell, Janet North Carolina 66

Crane, ron G. idaho 26

Dillon, andy Michigan 46

Douglass, Neria r. Maine 40

Ducey, Doug arizona 6

ellis, richard utah 88

estes, ron Kansas 34

fitch, lynn Mississippi 50

fitzgerald, Michael l. iowa 32

flowers, Chip Jr. Delaware 16

Ganeriwala, Manju S. Virginia 92

Gordon, Mark Wyoming 100

Grossman, Steven Massachusetts 44

Hollenbach, todd Kentucky 36

Kelly, Janet r. Montana tBD

Kennedy, John Neely louisiana 38

Kopp, Nancy K. Maryland 42

lewis, James B. New Mexico 62

lillard, David H. Jr. tennessee 84

lockyer, Bill California 10

loftis, Curtis M. Jr. South Carolina 80

Mandel, Josh ohio 70

Marshall, Kate Nevada 56

McCord, robert Pennsylvania 76

McCoy, Steve Georgia 22

Mcintire, James l. Washington 94

Miller, Ken oklahoma 72

Mourdock, richard e. indiana 30

Nappier, Denise l. Connecticut 14

Pearce, Beth Vermont 90

Perdue, John D. West Virginia 96

Provencher, New Hampshire 58 Catherine a.

raimondo, Gina M. rhode island 78

robinson, Charles l. arkansas 8

rodell, angela alaska 4

rutherford, Dan illinois 28

Sattgast, richard l. South Dakota 82

Schmidt, Kelly North Dakota 68

Schowalter, Jim Minnesota 48

Schuller, Kurt Wisconsin 98

Sidamon-eristoff, New Jersey 60 andrew

Stapleton, Walker Colorado 12

Stenberg, Don Nebraska 54

Wheeler, ted oregon 74

young, Kalbert K. Hawaii 24

Zweifel, Clint Missouri 52

TreAsurer sTATe PAge TreAsurer sTATe PAge

2 NatioNal assoCiatioN of state treasurers

youNg j. boozer, IIIAlAbAmASTATe TreASurer

state Capitol600 Dexter ave., s-106montgomery, al 36104

tel: 334-242-7501fax: 334-242-7592email: [email protected]: www.treasury.alabama.gov

Selection Method: Constitutional—elected by the PeopleTerm Length: four YearsTerm Limit: two termsServed: since January 17, 2011Next Election Year: 2014Salary: $85,248

key STAFF

Glenda Allred, Deputy [email protected]

Daria Story, assistant [email protected]

Gina Smith, assistant to the [email protected]

oFFICe oF The TreASurer

Total Number of Employees: 30Size of Treasury Annual Budget: $5,072,067.00Size of Portfolio Managed by Treasury: $2,400,000,000

the treasurer’s duties include management of all treasury cash. additionally, the treasurer supervises payment and reconciliation of state warrants, serves as chair of alabama’s two college savings boards and the security for alabama funds enhancement program, administers the unclaimed property program, manages the state’s linked deposit program and maintains the records of the alabama trust fund and various bonds issued by the state.

bIogrAPhICAl SkeTCh

Young Boozer was born in Birmingham, ala., and raised in tuscaloosa, ala. he earned a bachelor’s degree in economics from stanford university and a master’s degree in finance from the Wharton school at the university of Pennsylvania. During the past four decades, Boozer’s career in banking, finance and investments has taken him from Citibank in New York and Crocker National Bank in los angeles, to Coral Petroleum in houston and Colonial Bank in montgomery.

after retiring in 2007, treasurer Boozer served as Deputy state finance Director for alabama Gov. Bob riley. During his tenure in the alabama Department of finance, he played a key role in saving millions of taxpayer dollars through the restructuring of state bond debt and derivatives. Boozer left the riley administration in early 2010 to run for state treasurer in his first race for elected office.

he is a member of and has held leadership roles in several organizations, including his church, the rotary Club, the alabama shakespeare festival, the Boy scouts and stanford university.

state treasurY Profiles 3

AbouT The TreASury

Administration (4 employees): the executive office is responsible for overall policy, planning and organi-zational management. administration functions include management of internal treasury operations, providing leadership in carrying out treasury functions, promoting public awareness and initiating outreach efforts, media relations and enhancing customer service.

Fiscal (4 employees): monitors expenditures, submits expenditures for payment through the comptroller’s office, prepares the annual budget, provides treasury personnel support and provides internal computer and network technology services.

bond management (1 employee): invests bond pro-ceeds and performs registrar and paying agent duties for state and state authority bond issues.

Cash management (6 employees): reviews, monitors, accepts and reconciles all state cash deposits. invests treasury funds and ensures sufficient funds are available to meet the daily expected and unexpected cash needs of the state. reconciles and pays duly executed state warrants.

College Savings (3 employees): administers the Prepaid affordable College tuition Program and the alabama CollegeCounts 529 fund.

unclaimed Property (11 employees): Collects and safeguards abandoned property and returns the property to its rightful owner.

oTher ProgrAmS

Alabama Trust Fund: maintains the records and manages custodial accounts of the alabama trust fund, an irrevocable, permanent trust fund created by consti-tutional amendment.

SAFe (1 employee): administers the security for alabama funds enhancement (safe) program that operates as a collateral pool designed to safeguard all public monies held in alabama banks.

Financial literacy: the treasurer actively promotes financial education opportunities for alabama citizens.

AddITIoNAl ACTIvITIeS

the treasurer serves as a member of several alabama boards, commissions and authorities.

among these are state employees retirement sys-tems, teachers retirement systems; Public education employees health insurance Plan; alabama housing finance authority; industrial access road and Bridge Corporation; alabama incentives finance authority; and the alabama Board of adjustment.


ANgelA rodellAlASkAdePuTy CommISSIoNer oF reveNue

bIogrAPhICAl SkeTCh

angela rodell, Deputy Commissioner of revenue, joined the state of alaska in september 2011. rodell is responsible for the oversight of more than $24 billion of state funds and more than $20 billion of retirement assets. she has responsibility for portfolio management, cash management, debt management, unclaimed property, child support division and the permanent fund divi-sion. rodell also serves as the ex-officio board designee on a number of state boards including the alaska industrial Development and export authority, the alaska energy authority, the Knik arm Bridge & toll authority, the alaska student loan Corporation, the alaska municipal Bond Bank authority and the state Bond Committee. formerly, rodell served as financial advisor to more than $30 billion of transactions for state and state authorities in alaska, arkansas, California, illinois, New Jersey, New York, North Carolina, rhode island and virginia. transactions included general obligation, pension obligation, public power, tobacco securitization, single family housing, multifamily housing, military housing, toll road and transportation financing. Prior to becoming a financial advisor, she served as the finance officer to Kentucky housing Corporation. she has a Bachelor of arts degree from marquette university, milwaukee, Wis., and a master of Public administration from the university of Kentucky, lexington, Ky.

P.o. Box 110400Juneau, aK 99811-0400

tel: 907-465-3669fax: 907-465-2389email: [email protected]: www.revenue.state.ak.us

Selection Method: appointed by GovernorTerm Length: Pleasure of the GovernorTerm Limit: Pleasure of the GovernorServed: since september 2011Next Election Year: Not applicableSalary: $121,716

key STAFF

Gary Bader, state investment officer

Pamela Leary, state Comptroller

Michelle Prebula, Cash manager

Deven Mitchell, Debt manager

Judy Hall, alaska retirement management Board (armB) liaison

Rachel Lewis, unclaimed Property manager


Total Number of Employees: 45Size of Treasury Annual Budget: operating budget for treasury, armB and armB custody and management fees together is approximately $49 million.Size of Portfolio Managed by Treasury: total funds invested are roughly $46 billion.

the treasury Division is responsible for cash and debt management, asset accounting, portfolio investment, unclaimed property and the alaska retirement manage-ment Board. it serves as staff to the alaska municipal Bond Bank authority, the state Bond Committee and the alaska Public school fund advisory Board.


AbouT The TreASury

Administration (17 employees): manages custody and accounting for invested assets and provides information technology, administrative, and budget support for the treasury division.

bond management (1 employee): manages state debt issuances and directs the alaska municipal Bond Bank authority.

Cash management (7 employees): Performs treasury and banking functions for the state.

Investment (16 employees): invests state operating and retirement funds in various asset classes.

unclaimed Property (4 employees): administers alaska’s uniform unclaimed Property act.


the alaska Deputy Commissioner of revenue serves as the Commissioner of revenue’s delegate on the boards of the alaska industrial Development & export authority, alaska municipal Bond Bank authority, state Bond Committee, alaska student loan Corporation, alaska Public school fund advisory Board and the Knik arm Bridge and toll authority.


1700 West Washington streetPhoenix, aZ 85007

tel: 602-542-7800fax: 602-542-7176email: [email protected]: www.aztreasury.gov

Selection Method: Constitutional—elected by the PeopleTerm Length: four YearsTerm Limit: two termsServed: since January 2011Next Election Year: 2014Salary: $70,000

key STAFF

Mark Swenson, Deputy [email protected]

Carlton Woodruff, Deputy treasurer—[email protected]


Total Number of Employees: 26Size of Treasury Annual Budget: $2,580,000Size of Portfolio Managed by Treasury: $11,600,000,000

the state treasurer is charged with the prudent cus-tody and management of state monies. the treasurer is responsible for the receipt, safekeeping, investment and disbursement of monies belonging to the state, as well as the safekeeping of investment securities and performance bonds held in trust on behalf of state agencies.

bIogrAPhICAl SkeTCh

Born april 9, 1964. Currently resides in Phoenix, az. Wife’s name: angela; three children. education: B.s., finance, arizona state university. republican.

state treasurer Doug Ducey entered public service from the private sector where he spent 20 years as a business leader and business builder. he was born and raised in toledo, ohio, but arizona is his home. it’s where he met his college sweetheart—now wife of 20 years—and where he raised his three sons. it is also where Doug built and developed two businesses that created jobs for arizonans across the state.

treasurer Ducey worked his way through college at hensley & Co., the local anheuser-Busch distrib-utorship. upon graduation, he joined Procter & Gamble and began a career in sales and marketing. there he was trained in management, preparing him for his role as partner and Ceo of Cold stone Creamery, inc. When he and his business partner sold the company in 2007, Cold stone had grown from a local scoop shop to more than 1,400 locations in 50 states and 10 countries.

doug duCeyArIzoNASTATe TreASurer


AbouT The TreASury

Administration (5 employees): responsible for the general administration, support services, information technology and customer relations for the office.

banking (5 employees): Coordinates agency banking needs utilizing the services of multiple banks. Duties include the functions of accounting, banking and cash management. responsible for bank reconciliation and electronic fund transfers.

Investment (9 employees): responsible for portfolio management and investment accounting.

local government Services (1 employee): Coordi-nates local government investment pool participants deposits and withdrawals.

revenue (6 employees): responsible for receipt of agency deposits, non-agency deposits and distribution of state shared revenues.


the state treasurer serves as Chairman of arizona’s state Board of investment and state loan Commission. he also serves as the state’s surveyor General and is a member of the state land selection Board. the treasurer, or his designee, also serves on the Greater arizona Development authority, the Water infra-structure finance authority, the 529 Plan oversight Committee and the finance advisory Committee.


220 state Capitollittle rock, ar 72201

tel: 501- 682-5888fax: 501-682-3842email: [email protected]: www.artreasury.gov

Selection Method: Constitutional—elected by the PeopleTerm Length: four YearsTerm Limit: two termsServed: appointed may 29, 2013Term Ends: January 2015Salary: $54,304

key STAFF

Debbie Rogers, Chief Deputy [email protected]



the treasurer manages and invests treasury funds for the state. the treasurer also processes debt service, investing and paying agent fees for general obligation and college savings bonds. the treasurer distributes county and municipal aid as well as local sales and use taxes.

bIogrAPhICAl SkeTCh

Charles l. robinson was appointed by Gov. mike Beebe to be the treasurer of arkansas on may 29, 2013. he came out of retirement to serve in this capacity.

treasurer robinson received his bachelor of science degree in accounting from arkansas tech university in 1968. he went on to earn a master of business administration degree from the university of arkansas in 1971. treasurer robinson is a certified public accountant, inactive retired. he earned his certificate after passing the CPa exam in 1970.

treasurer robinson began his career as a staff accountant for KPmG Peat marwick in little rock, ark., where he worked from July 1968 until may 1970. following his time at KPmG, he worked part-time in the arkansas Division of legislative audit while he obtained his master of business administration degree. in 1973, treasurer robinson joined the Division of legislative audit on a full-time basis.

While with the Division of legislative audit, he served as the administrator, audit supervisor, and field auditor from January 1973 until December 1977. he was assistant legislative auditor from January 1978 until June 1979. in July 1979, he was named arkansas legislative auditor. he has 27 years of experience in that capacity.

ChArleS l. robINSoNArkANSASSTATe TreASurer


AbouT The TreASury

Administration: oversees the official duties of the office including research, personnel, purchasing and special projects including legislation.

Cash management: Works with banks and invest-ment firms, initiating daily payment of wires and fund transfers to and from the treasury’s demand accounts to maintain consistent balances. this division also coordinates with the Department of finance and administration and other agencies concerning state fund transfers, adjustments, and collection items. in addition, the Cash management Division distributes General and special revenues on a monthly basis to state agencies, colleges and universities according to the revenue stabilization act. interest earning dis-tributions are also completed monthly as set forth by law. finally, Cash management balances the General ledger each day, with all the other sections of treasury operations, and reports to the treasurer and his staff.

Investments: administers all investments directed by the state Board of finance. this department’s respon-sibilities also include preparing correspondence relating to investments in the areas of issuance, maturity, and interest collections. this division also invests monies on behalf of 110 trust funds of various state agencies. all of these investments are in the form of certificates of deposit placed in arkansas state depositories.

local government Services: responsible for distri-butions to arkansas’ 75 counties and 500 incorporated cities. the monthly distributions are the County and municipal aid, commonly known as turnback, and local sales and use taxes. the treasury also distributes several other special revenues to cities and counties throughout the year. Distributions total over 1.7 billion dollars each fiscal year, an important part of our state’s local economy.

receiving: the treasury receives deposits on a daily basis. all deposits are verified and documented upon receipt. each day, the receiving department balances its books and submits a deposit summary to the cash management desk.

warrants: a warrant is a check issued by arkansas state agencies for payments of services rendered. Warrants can be issued as a paper warrant or an electronic payment. the Warrant Division redeems these warrants once a payee cashes the warrant or the electronic payment is received at the payee’s bank. the warrants are then balanced and redeemed against the outstanding warrant file.

Arkansas 529 Plan: the treasury administers the arkansas Gift Plan, a tax-advantaged section 529 Plan that enables our citizens to save money for future college expenses and to see the earnings on this money grow tax-free. the aspiring scholars matching Grant Program is also administered by this office and is aimed at assisting lower income arkansans prepare for college expenses by matching a portion of their savings. for more informa-tion, visit our website at www.arkansas529.org.


the treasurer serves on the arkansas section 529 Plan review Committee, arkansas Development finance authority Board of trustees, arkansas Public employees retirement system Board of trustees, arkansas rural endowment fund Board of trustees, arkansas teacher retirement system Board of trustees, arkansas highway employees retirement system Board of trustees and as secretary of the state Board of finance.


915 Capital mall, room 110sacramento, Ca 95814

tel: 916-653-2995fax: 916-653-3125email: [email protected]: www.treasurer.ca.gov


key STAFF

Steve Coony, Chief Deputy [email protected]

Tom Dresslar, Communications [email protected]

Barbara Cody, special assistant to the [email protected]


Total Number of Employees: 226.5Size of Treasury Annual Budget: $27,986,000Size of Portfolio Managed by Treasury: $63,000,000,000

the California state treasurer issues state bonds, administers the state’s bond debt program, manages the state’s Pooled money investment account and reconciles state warrants issued for goods and services.

bIogrAPhICAl SkeTCh

Born may 8, 1941 in oakland, Ca. Currently resides in hayward. two children. B.a., university of California Berkeley; law Degree, mcGeorge school of law. Democrat.

Prior to being elected state treasurer, Bill lockyer was the California attorney General. Prior to his election in 1998 as attorney General, he served 25 years in the California legislature, culminating his Capitol career as senate President pro tempore. in that leadership position, treasurer lockyer crafted agreements to balance the state budget and reform government programs to make them run more efficiently and effectively for taxpayers.

treasurer lockyer has received numerous awards of recognition including legislator of the Year in 1996 from the Planning and Conservation league for his environmental record, and again in 1998 from the California Journal. in 1999, lockyer received the Constitutional officer of the Year award from the California organization of Police and sheriffs, in 2003 the Distinguished Community award from the anti-Defamation league and the friend of higher education lifetime achievement award from the California state university alumni Council. in 2008, lockyer received the Peter h. Behr award from friends of the river. he was named the 2009 legacy award recipient by the California state Parks foundation and in 2012 the California hispanic Chamber of Commerce honored him for leadership and support of hispanic Business and the veterans Community.

bIll loCkyerCAlIForNIASTATe TreASurer


AbouT The TreASury

Administration division (30 employees): Provides personnel, business services, accounting, and budget-ing policy and services support to the treasurer’s office and the boards, commissions and authorities.

Public Finance division (57 employees): Carries out the public finance responsibilities of the state treasurer. the division sells, services and redeems all state general obligation bonds, revenue anticipation notes, and certain revenue bonds. assures compliance with federal tax law applicable to state debt, and is responsible for the safekeeping of securities and other personal property owned or pledged to the state.

Centralized Treasury & Securities management division (55 employees): Provides daily, weekly and monthly cash statements and determines the funds available for investment. responsible for security of the state’s vault, with assets totaling more than $5 billion. Determines the authenticity of warrants to be cashed by the state and maintains balances in deposi-tory banks.

Investment division (18 employees): responsible for the safe and prudent investment of state monies.

Information Technology Services division (34.5 employees): Provides for data processing needs of the department.


the treasurer serves as chairman of the following Cali-fornia authorities, boards and commissions: alternative energy and advanced transportation financing authority; Debt and investment advisory Commission; Debt limit allocation Committee; educational facilities authority; health facilities financing authority; healthy food financing initiative; industrial Development financing advisory Commission; Pollution Control financing authority; school finance authority; tax Credit alloca-tion Committee; transportation financing authority; urban Waterfront area restoration financing authority; local investment advisory Board and Pooled money investment Board; scholarshare investment Board.

the treasurer is a member of the California earthquake authority; economic recovery financing Committee; housing finance agency; infrastructure and economic Development Bank; Public library Construction and renovation Board; Pension obligation Bond Committee; veteran’s Debenture finance Committee; veteran’s finance Committee; Commission on state mandates; state Public Works Board; Public employees’ retirement system Board of administration; and the state teachers’ retirement system Board; veterans’ Debenture finance Committee; veterans’ finance Committee of 1943.

the treasurer chairs the following bond committees: Prison Construction Committee; County Correctional facility Capital expenditure finance Committee; California Clean Water, Clean air, safe Neighborhood Parks and Coastal Protection act finance Committee; California library Construction and renovation finance Committee; California safe Drinking Water finance Committee; California stem Cell research and Cures finance Committee; California Wildlife, Coastal and Parkland Conservation Program; Children’s hospital Bond act finance Committee; Clean Water and Water reclamation finance Committee; Disaster Preparedness and flood Prevention Bond finance Committee; earthquake safety and Public Buildings rehabilitation finance Committee; high-speed Passenger train finance Committee; higher education facilities finance Committee; highway safety, traffic reduction, air Quality, and Port security finance Committee; housing Committee; lake tahoe acquisi-tions finance Committee; Parklands Program finance Committee; safe, Clean, reliable Water finance Committee; safe Drinking Water, Clean Water, Watershed Protection and flood Protection finance Committee; safe Drinking Water, Water Quality and supply, flood Control, river and Coastal Protection finance Committee; safe Neighborhood Parks, Clean Water, Clean air and Coastal Protection finance Committee; seismic retrofit finance Committee; state Park and recreation finance Committee; state school Building finance Committee; transportation improve-ment finance Committee; veteran’s home finance Committee; voting modernization finance Committee; Water Conservation and Water Quality finance Committee; Water Conservation finance Committee; Water security, Clean Drinking Water, Coastal and Beach Protection act of 2002 finance Committee; Wildlife habitat enhancement Program finance Committee.


200 e. Colfax ave.room 140Denver, Co 80203

tel: 303-866-2441fax: 303-866-2123email: [email protected]: www.colorado.gov/treasury/index.html


key STAFF

Brett Johnson, Deputy [email protected]

Michael Fortney, Communications [email protected]

Breanna Hewitt, administrative [email protected]



the Colorado state treasurer’s office is responsible for managing all cash received by the state. the office invests state funds, manages and provides access to unclaimed property, provides tax deferral and exemptions and manages certain financial obligations specified by statute. the office provides interest-free loans to schools and serves as a trustee of Colorado’s Public employee retirement association.

bIogrAPhICAl SkeTCh

until being sworn in as Colorado’s 43rd state treasurer on Jan. 11, 2011, treasurer stapleton served as Ceo and Cfo of various private and publicly traded companies. his extensive private sector background in finance uniquely prepared him for the job of state treasurer.

Walker, his wife Jenna, and their young children Craig and Colette, live in arapahoe County. Jenna has a master’s degree in social work from the university of Denver, has worked for the Denver family institute and served on the board of open World learning. Walker’s community service includes past service on the board of the Denver Public library friends foundation, the leadership Council of J.K. mullen high school and the tipitina’s foundation in New orleans. he and his wife are currently directors of Denver’s chapter of social venture Partners.

Walker graduated from Williams College in massachusetts and he holds a graduate degree in business economics from the london school of economics and an mBa from harvard Business school.

wAlker STAPleToNColorAdoSTATe TreASurer


AbouT The TreASury

Administration (4 employees): Performs all admin-istrative and legislative duties of the treasury.

banking & Cash management (1 employee): manages the federal Cash management improvement act and provides cash management technical assistance to state agencies and local governments. manages banking services on behalf of state agencies.

budget, Accounting & Cashiers (8 employees): Compiles spending plan. Performs accounting functions of the treasury as prescribed by law. also, operates cashier function of management of daily receipts and disbursements of all state agencies. reconciles warrants.

Investment (3 employees): manages state portfolio of investments.

unclaimed Property (15.5 employees): Collects, safe-guards and returns unclaimed property to its rightful owners.


the state treasurer is a trustee for the Colorado Public employees retirement association.


55 elm streethartford, Ct 06106

tel: 860-702-3010fax: 860-702-3043email: [email protected]: www.state.ct.us/ott

Selection Method: Constitutional—elected by the PeopleTerm Length: four YearsTerm Limit: NoneServed: since January 1999Next Election Year: 2014Salary: $110,000

key STAFF

Christine Shaw, Deputy treasurer860-702-3211

Marianne Dziedzic, executive assistant860-702-3010


Total Number of Employees: 132Size of Treasury Annual Budget: $126.8 millionSize of Portfolio Managed by Treasury: $50.4 billion

the treasurer is the principal fiduciary of the state’s $24 billion pension fund (as of June 30, 2012) on behalf of more than 190,000 beneficiaries and plan participants. the office is responsible for managing the state’s cash management system and the short-term investment fund, which invests over $4.9 billion for the state, state agencies and municipalities. the treasurer also manages $19 billion in state debt and directs Connecticut’s 529 college savings program and the unclaimed Property program that returns millions of dollars to residents and businesses each year.

bIogrAPhICAl SkeTCh

Born June 16, 1951 in hartford, Conn. Currently resides in hartford. B.a., virginia state university; m.C.P., university of Cincinnati.

Prior to her election in 1999, treasurer Nappier served as treasurer of the City of hartford for nearly 10 years. she also served as executive director of riverfront recapture, inc., director of institutional relations for the university of Connecticut health Center and an analyst in the hartford City manager’s office. she was also a consultant in the Connecticut office of Policy and management and a u.s. housing and urban Development fellow.

treasurer Nappier was inducted into the New York Chapter of the National association of securities Professionals Wall street hall of fame, and was the 2005 recipient of the NasP travers Bell award. among numerous awards and recognitions, she received the Corporate responsibility leadership award from Citizens for economic opportunity, the 2003 Pacesetter award from the National association of investment Companies and the Good Housekeeping award for Women in Government, in recognition of her advocacy of responsible corporate behavior and high standards of integrity and ethics. in october of 2011, she was inducted into the Connecticut Women’s hall of fame and in December of 2011, treasurer Nappier received the first “freda Johnson award” from The Bond Buyer for being a woman trailblazer in public finance.

treasurer Nappier was twice named (2006 and 2010) as one of the nation’s 100 most influential People in finance by Treasury & Risk Management Magazine and one of the 50 most Powerful Black Women in Business by Black Enterprise. in 2008, she received the prestigious “legend award” from Plan Sponsor magazine.

deNISe l. NAPPIerCoNNeCTICuTSTATe TreASurer


AbouT The TreASury

Administration (12 employees): the executive office is responsible for overall policy, planning and general administration designed to: (1) enhance the financial integrity and soundness of treasury operations, (2) provide direction and leadership in carrying out treasury functions, and (3) foster economic well-being of the state and its citizens and businesses within the confines of fiduciary standards. specific activities include legislative affairs and public information, responsible investment relations, legal services, and community outreach.

debt management (12 employees): the Debt manage-ment Division acts as the public finance department for the state. the division administers all financing programs, including the public offering of all state bonds and notes. maintains the state’s relationship with the three principal rating agencies and coordinates the issuance of bonds by five quasipublic authorities.

budget (17 employees): responsible for all accounting, budgeting, information systems services, personnel, payroll, purchasing procurement, and other business services. the unit also verifies asset valuations, manages treasury internal control structure, develops operating budgets for each division, and publishes the annual report of the treasurer.

Cash management (19 employees): operates the state’s cash management system to track and maintain accountability for the state’s internal and external cash flow. the unit also reconciles 19 treasury bank accounts and authorizes the release of state payroll and vendor payments. the cash control unit forecasts available cash, executes electronic transfers and sweeps all idle cash into the short-term investment fund. stif is an invest-ment pool that services state agencies, authorities, and 269 municipal and local government entities. the Cash management Division also runs the Connecticut Community Bank and Credit union initiative whereby community banks and credit unions, with assets not exceeding $500 million and domiciled in Connecticut, can compete for a targeted pool of investments that the treasury makes in certificates of deposit.

College Savings: administers Connecticut’s 529 college savings program, Chet, with more than $1.8 billion in assets (as of June 30, 2012) and 117,600 accounts.

Investment (16 employees): the Pension funds man-agement division manages six state pension funds and eight state trust funds, investing funds for over 194,000 state and municipal employees and teachers who are pension plan participants and beneficiaries as well as academic programs, grants, and initiatives throughout

the state. the division monitors investment manager performance and selection and serves as staff to the state’s investment advisory Council.

unclaimed Property (22 employees): the unclaimed Property Division safeguards unclaimed assets, publi-cizes the names of the owners using print and electronic media, and returns property to rightful owners. the division’s field examination team audits banks, insurance companies and other entities to ensure that all unclaimed property has been relinquished to the state. the claims processing unit processes owner claim forms and facili-tates the return of their assets. the holder reporting unit works to ensure compliance with unclaimed property reporting requirements.

oTher ProgrAmS

Second Injury Fund (34 employees): a state-operated workers’ compensation fund financed by assessments on Connecticut employers. the division is organized into three areas: claims, accounting, and investigations. the mission of the fund is to provide quality service both to the injured workers and employers of Connecticut. this is accomplished by adjudicating qualifying workers’ compensation claims fairly and in accordance with appli-cable law, industry standards and best practices. Where possible, the fund seeks settlement of claims, which will ultimately reduce the burden of second injury fund liabilities on Connecticut taxpayers and businesses.


the treasurer is a member of the following boards, commissions and legislative committees: Banking Commission; Connecticut innovations; Connecticut health and educational facilities authority; Connecticut higher education trust (Chet) advisory Committee; Connecticut housing finance authority; Clean energy finance and investment authority; Connecticut airport authority; finance advisory Committee; investment advisory Council; Connecticut lottery Corporation; Council of fiscal officers; Connecticut higher education supplemental loan authority; student financial aid information Council; Connecticut student loan founda-tion; standardization Committee; state Bond Commission; state information and telecommunications systems executive Committee; state employees’ retirement Commission; teachers retirement Board.


820 silver lake Boulevard, suite 100Dover, De 19904

tel: 302-672-6700fax: 302-739-5635email: [email protected]: www.treasurer.delaware.gov


key STAFF

Erika Benner, Deputy state [email protected]

Kelly Callahan, special [email protected]

Louis Vitola, Director of finance & treasury [email protected]

Lisa Embert, Controller [email protected]

Omar Masood, [email protected]

delAwAre STATe TreASury

Total Number of Employees: 23Treasury General Fund Budget: $1,221,900Treasury Appropriated Special Funds: $3,664,200Size of Portfolio Managed by Treasury: $1,700,000,000

the mission of the Delaware state treasury, the cornerstone of the state’s financial system, is to restore economic prosperity to the first state by providing critical financial services for the people of Delaware.

bIogrAPhICAl SkeTCh

resides in middletown. B.a., economics, university of Pennsylvania; J.D., m.B.a., Georgetown university; m.P.a., harvard university.

in January 2011, Chipman “Chip” flowers Jr. was sworn in as Delaware’s state treasurer. While attending Georgetown university, treasurer flowers worked at the a. Philip randolph institute (the nation’s oldest african-american labor association), the Congressional Joint economic Committee and the White house office of Political affairs under President Bill Clinton. after completing his work at the White house, he worked as a mergers and acquisitions attorney at the Wilmington office of skadden, arps, slate, meagher & flom, llP, and served as chairman of the multicultural Judges & lawyers section of the Delaware state Bar association. in 2004, he was a delegate to the Democratic National Convention. During this time, he also served as chief Democratic analyst for WhYY-tv’s nightly news.

in 2006, he founded the flowers Counsel Group, llC, which specializes in mergers and acquisitions and procurement law, advising businesses on contractual agreements for major purchases. under his leadership, the firm grew steadily, becoming one of the state’s leading corporate law firms in providing corporate purchasing services for global and fortune 500 clients.

treasurer flowers has taken on leadership roles in a range of civic organizations, primarily focusing on public policy issues that impact all three counties and the city of Wilmington. a supporter of military families and dependents, he is a strong advocate for fiscal discipline, economic growth, high quality education, vibrant art institutions and affordable health care for Delawareans.

since taking office, treasurer flowers has focused on supporting Delaware small businesses, Delaware banks; improving financial education through the Delaware economic index and Prosperity Portal, initiatives which received White house recognition; improving the rate of return on the state’s portfolio while not incurring additional risk through diversification; and increasing transparency and efficiency in the agency.

ChIP FlowerS jr., eSq.delAwAreSTATe TreASurer


AbouT The TreASury

executive office of the state treasurer: responsible for providing leadership and resources for the initiatives of the treasury. With a focused mission of restoring prosperity, the executive office works to establish sound policies and procedures that ensure the overall health of the state’s financial system.

office of Finance and Treasury Services: the office of finance and treasury services (ofts) has five primary functions including Cash management, Debt management, Banking services, investments and Defined Contributions.

the state’s daily cash position is established each working day to ensure all projected receipts and disbursements are accounted for and that there is liquidity to satisfy daily cash needs. the debt management unit is respon-sible for managing and maintaining accounting records of the state’s debt, processing school and special fund interest and issuance of the state’s general obligation bonds.

the banking services section provides efficient, accurate and timely banking services to all state agencies and external customers.

the investments section works to maximize interest earned on monies held in trust by the treasury in accor-dance with given regulations. this unit is also tasked with developing short and long-range investment policies that will protect taxpayer dollars and assist in restoring economic prosperity. ofts’ investment unit interacts directly with public and private sector leaders to advance investment positions that benefit the state (including, but not limited to, protecting the state’s aaa bond rating).

the defined contributions section is responsible for the administration of the deferred compensation 457(b) and 403(b) plans, as well developing statewide retirement/savings initiatives.

office of disbursements and reconciliations (local Government services, receipts, Disbursements) this office is responsible for reconciling the state’s general collection and disbursement accounts, which includes payment processing, performing internal audits and providing vendor services and customer support.

Administrative Initiatives, office of economic Policy the office of economic Policy is responsible for pro-ducing the Delaware economic index, the economic early Warning system, community outreach, financial literacy initiatives for the treasury and developing and promoting innovative policy initiatives that will assist in restoring economic prosperity.


the treasurer serves as chairman of the Delaware College investment Plan Board and as co-chairman of the state of Delaware Deferred Compensation Council. the treasurer also serves on the following commis-sions, boards and committees: strategic economic Development Council; Delaware Cash management Policy Board; Delaware economic financial advisory Committee; Delaware agriculture land Preservation foundation; Board of Pardons and the state employee Benefits Committee.


office of the Chief financial officeroffice of finance and treasury1101 4th street, sW, suite 850Washington, DC 20024

tel: 202-727-6288fax: 202-727-6963email: [email protected]: www.cfo.dc.gov

Selection Method: appointed by the Chief financial officerTerm Length: Term Limit: Served: since June 2012Next Election Year: Not applicable

key STAFF

Clarice Wood, associate treasurer, Banking & operations202-727-0760

Jeanne Hoover, Chief of management operations202-727-0911

LaShanda Talbert, executive assistant202-727-0846

oFFICe oF FINANCe ANd TreASury

Total Number of Employees: 75Size of Treasury Annual Budget: $21,200,000Size of Portfolio Managed by Treasury: $2 billion

the treasurer manages the office of finance and treasury, which includes receiving, safe-keeping, investing and disbursing and acquiring District finan-cial resources. the treasurer manages issuance and repayment of general obligation and revenue bonds and notes, investment of cash balances, accounting for all transactions, cash reporting and forecasting, banking, budgeting and administration. the treasurer also manages the district’s college savings plan, its 401(a) defined contribution pension plan and its 457(b) deferred compensation plan.

bIogrAPhICAl SkeTCh

Jeffrey Barnette is Deputy Chief financial officer and treasurer for the office of finance and treasury (oft). he manages the District’s treasury programs associated with its annual $10 billion operating budget and $1 billion capital budget. this includes management of the District’s banking and invest-ment activities, check and electronic receipts and disbursements and its debt issuance and repayment activities.

Prior to being named treasurer, Barnette was the associate treasurer of asset management in oft. Before joining oft, he was managing Director of the registered investment advisory firm, Barrier investments llC from 2005 to 2008. Prior to working for Barrier, he was an investment portfolio manager for Capital one financial from 1998 to 2005. addi-tionally, he worked for the student loan marketing association (sallie mae), mcKenna & Cuneo llP and NaDa retirement trust. Barnette has extensive experience with fixed income and pension invest-ment programs.

he represents the District of Columbia as a member of the National association of state treasurers and the Government finance officers association. he is also an ex-officio trustee of the DC retirement Board. Barnette is a graduate of radford university, with a bachelor’s degree in business administration with a concentration in finance.

jeFFrey bArNeTTedISTrICT oF ColumbIAdePuTy CFo ANd TreASurer


AbouT The TreASury

Administration and budget (6 employees): Provides leadership, strategic direction and admin-istrative support services to department managers and employees in order to achieve organizational and individual performance results. also responsible for budget formulation and testimony for the office of finance and treasury.

banking (5 employees): manages the District’s banking relationships and the electronic benefits program.

bond management (5 employees): responsible for the issuance of bonds, notes and other financing vehicles which maximizes capital project capacity and allows the district to finance any seasonal cash needs while maintaining future financing flexibility.

Cash management & Investment (5 employees): manages the District’s cash resources and ensures that its cash obligations are satisfied and the District’s return on investments is maximized.

College Savings and Pension Programs (3 employees): manages the District’s college savings plan, 457 deferred compensation plan and 401a defined contribution pension plan.

revenue (33 employees): responsible for revenue collection, auditing and recordation services for District agencies which allows them to have accurate and timely revenue information.

unclaimed Property (9 employees): manages the District’s unclaimed property program.

grants (3 employees): manages the cash and accounting aspects of District agencies’ federal grant drawdowns.

Payment operations (6 employees): responsible for check writing and dissemination services for District agencies which allow them to fulfill their financial obligations.


the treasurer is a member of the District of Columbia’s retirement Board.


200 east Gaines streettallahassee, fl 32399-0301

tel: 850-413-2806fax: 850-413-2950email: [email protected]: www.myfloridacfo.com

Selection Method: Constitutional—elected by the People Term Length: four YearsTerm Limit: two termsServed: since January 2011Next Election Year: 2014Salary: $123,331

key STAFF

Robert C. Kneip, Ph.D., Chief of staff850-413-4900

Bert Wilkerson, Director, treasury [email protected]

Alexis Lambert, Director of [email protected]


Total Number of Employees: 64 in Division of treasury, 2,070 in florida Department of financial servicesSize of Treasury Annual Budget: $6,376,294Size of Portfolio Managed By Treasury: $20.3 billion

florida’s Chief financial officer oversees the state’s accounting and auditing functions, handles unclaimed property, monitors the investment of state funds and manages deferred compensation and risk manage-ment programs. insurance consumer service, licensing and oversight of insurance agents and agencies, as well as funeral homes and cemeteries are under the Cfo’s watch. insurance fraud and public assistance fraud investigation are responsibilities, as well as ensuring workers’ compensation coverage is in place. the Cfo serves as the state fire marshal and is a member of the florida Cabinet.

bIogrAPhICAl SkeTCh

a fifth-generation floridian, husband and father of four, Jeff atwater was elected florida’s Chief financial officer Nov. 2, 2010, and was sworn into office on Jan. 4, 2011. his belief that florida can best prosper through its people rather than its government is the cornerstone of his platform. all his actions as Cfo are guided by the mission to keep more money in the pockets of hard-working floridians. he has worked to redefine the role of government and create conditions for economic development and prosperity in florida.

Cfo atwater was inspired by his parents’ values, commitment to family and a deep sense of appreciation for community service. his public service began in 1993 when he served as vice mayor of North Palm Beach. in 2000, he began his legislative service as a member of the florida house of representatives. his dedication to floridians continued when he was elected to the florida senate and soon, his hard work for his district earned him the unanimous support of his fellow senators in becoming senate president in 2008. as florida’s Cfo, atwater has fought hard for consumers and goes to bat everyday for his fellow floridians.

jeFF ATwATerFlorIdAChIeF FINANCIAl oFFICer


AbouT The TreASurydivision of Treasury: the Division of treasury pays all warrants (checks), verifies all deposits and keeps detailed records of all transactions involving the state’s money. it is also a source of state revenue through the investment of excess operating funds in fixed income investments. the treasury provides cash management services to state government, has custody of securities and other collateral for government entities and administers the Government employees’ Deferred Compensation Program.

Administration (6 employees): responsible for policy direction, administrative functions, internal auditing and special projects.

Funds management (22 employees): responsible for receipts posting, warrant paying, investment accounting, bank relationships and accounting, and cash management services.

Investment (6 employees): manages in excess of $20 billion in five investment portfolios. four portfolios are actively managed by treasury staff members. an external manager program uses 14 private sector investment firms.

unclaimed Property (58 employees): in the Division of accounting and auditing, the Bureau of unclaimed Property holds money and securities, mostly from dormant accounts in financial institutions, insurance and utility companies, and securities and trust holdings, and tangible property from abandoned safe deposit boxes. unclaimed money is deposited into the state school fund, where it is used for public education. there is no statute of limitations and citizens or their heirs have the right to claim their property any time at no cost.

Collateral management (17 employees): responsible for administering various programs designed to safeguard the public interest by maintaining pledged assets of organizations regulated by or doing business with florida government. the collateral held is in excess of $11 billion. a portion of the collateral guarantees public entities against loss of approximately $25 billion dollars deposited in qualified public depositories in the state.

deferred Compensation (14 employees): responsible for administering a section 457 deferred compensation program for state employees. the program offers investment choices from six investment providers. there are approximately 73,000 participants with invested assets in excess of $2.8 billion.

oTher ProgrAmSthe department of Financial Services consists of the following offices and divisions (in addition to the Division of treasury functions listed above).

office of Insurance Consumer Advocate: Committed to finding solutions to insurance issues facing floridians, calling attention to questionable insurance practices, promoting a viable insurance market responsive to the needs of florida’s diverse population and assuring that rates are fair and justified.

office of Inspector general: advances positive change in performance, accountability, efficiency, integrity and transparency of programs and operations by facilitating agency planning and business process improvement and through independent, objective and reliable inquiries, investigations and audits.

division of Accounting and Auditing: monitors the expenditure of all appropriated public funds; pays the state’s bills; promotes financial accountability throughout state government by providing information about its fiscal soundness, and investigates allegations of waste, fraud and abuse of taxpayers’ money.

division of Information Systems: Plans, manages and operates the information technology resources for the Department of financial services, office of financial regulation and office of insurance regulation.

division of Administration: Provides support to the Department of financial services and is responsible for functions related to financial matters, personnel and general services.

division of risk management: responsible for ensuring that partic-ipating state agencies are provided quality workers’ compensation, liability, federal civil rights, auto liability and property insurance coverage at reasonable rates by providing self insurance, purchase of insurance, claims handling and technical assistance in managing risk.

division of legal Services: Provides legal counsel, advice and representation to the regulatory, administrative and support offices of the chief financial officer and the state fire marshal.

division of rehabilitation and liquidation: Plans, coordinates and directs the conservation, rehabilitation and liquidation of insolvent insurance companies, unlicensed insurance companies and unlicensed insurance entities and rehabilitates financially troubled insurance companies.

division of workers’ Compensation: actively ensures the self-execution of the workers’ compensation system through educating and informing all stakeholders in the system of their rights and responsibilities, compiling and monitoring system data and holding parties accountable for meeting their obligations.

division of Agents and Agency Services: Protects the public and insurance industry by timely and accurately licensing competent individuals and entities and by fairly investigating alleged violations of the florida insurance Code and administrative rules.

division of Consumer Services: helps consumers make informed insurance and financial decisions. offers online resources, guides and community education programs to help consumers expand their insurance knowledge.

division of Insurance Fraud: enforces the criminal laws of florida in relation to insurance transactions.

division of Public Assistance Fraud: safeguards the public and businesses in florida against acts of public assistance fraud and the resulting impact those crimes have by enforcing federal and state criminal laws in relation to eligibility for public assistance.

division of Funeral, Cemetery and Consumer Services: regulates for-profit cemeteries, pre-need funeral sales, funeral establishments and funeral directors and embalmers.

division of State Fire marshal: Protects against the loss of life and property to fire and other disasters statewide through internal and external leadership, standards and training, prevention and education, and fire and arson investigation.

Financial Services Commission: the florida financial services Com-mission is composed of the governor, attorney general, Chief financial officer and agriculture Commissioner. the commission appoints the directors of the two regulatory offices: the office of insurance regula-tion and the office of financial institutions and securities regulation. Both offices are administratively housed in the Department of financial services but report directly to the financial services Commission.

office of Insurance regulation: responsible for regulation, compli-ance and enforcement of statutes related to the business of insurance and entrusted with the duty of carefully monitoring statewide industry markets.

office of Financial Institutions and Securities regulation: Provides regulatory oversight for florida’s financial services providers, carrying out the banking, securities and financial laws of the state efficiently and effectively.

AddITIoNAl ACTIvITIeSthe Cfo/treasurer is an elected member of the florida Cabinet, trustee of the state Board of administration and chairman of the florida healthy Kids Corporation. the governor and cabinet serve as the agency head or appellate body for the following agencies: financial services Commission, Department of law enforcement, Department of highway safety and motor vehicles, Department of revenue, Department of veterans’ affairs, trustees of the internal improvement fund administration Commission, land and Water adjudicatory Commission, Division of Bond finance, financial management information Board, office of Greenways and trails, Power Plant and transmission line siting Board, and Board of executive Clemency.


200 Piedmont avenue, sesuite 1204 West toweratlanta, Ga 30334-5527

tel: 404-657-4203fax: 404-656-9048email: [email protected]: ost.ga.gov

Selection Method: appointed by the state Depository Board, recommended by the GovernorTerm Length: Pleasure of the Governor and the state Depository BoardTerm Limit: Pleasure of the Governor and the state Depository BoardServed: since November 2011Next Election Year: Not applicableSalary: $145,000

key STAFF

Donna Bowman, Director of Cash management 404-651-8343

Kimberly Asher, executive assistant404-656-2168

oFFICe oF The STATe TreASurer

Total Number of Employees: 19Size of Treasury Annual Budget: $3.6 million (no state appropriation)Size of Portfolio Managed by Treasury: $12 billion

the state treasurer is one of seven members of the state Depository Board and serves as its administrative officer. the board approves all state depositories and prescribes cash management, investment and banking policies for the state. the state treasurer serves as cash management officer for the state and is responsible for negotiating fees and interest contracts for banking services. the state treasurer is also responsible for the state’s compliance with the Cash management improve-ment act; accounting for the receipt and disbursement of state general funds; and the investment of state funds, the local government investment pools and certain trust and custodial funds held by the state. the state treasurer also serves on the board of the Georgia higher education savings Plan and is administrative officer of the board.

bIogrAPhICAl SkeTCh

steve mcCoy was appointed state treasurer in November 2011. Prior to his appointment, mcCoy served as the Deputy state treasurer & Chief investment officer from august 2010 to November 2011. mcCoy also served as state treasurer from 1993–1997.

treasurer mcCoy has extensive private sector experience in public finance and investments. from 1997 to 2010, he founded and managed an investment advisory firm serving state and local governments. earlier, mcCoy spent 11 years in investment banking specializing in municipal finance serving as managing Director of lehman Brothers’ Public finance Division where he headed the southeast office and served on the operating committee.

mcCoy earned a B.B.a. in finance from the univer-sity of Georgia and an mBa from Georgia state university. he has served on the boards of several charitable foundations and is an active member of the Church of the apostles in atlanta. mcCoy and his wife have been married 35 years and have two children.

STeve mCCoygeorgIASTATe TreASurer


AbouT The oFFICe

management and Administration (3 employees): manages and oversees the office of the state treasurers’ activities.

Cash management: implements cash management policies and procedures that maximize the efficient and effective utilization of the state’s cash resources.

Accounting (5 employees): accounts for the receipt of state revenue collections, funding of state agency operations, investments and payment of state general obligation debt.

banking Services (3 employees): manages state agency banking relationships and operates the bank interest/fee payment program.

Support Services (4 employees): Provides information system support and service; contract administration; merchant card services; credit research; investment compliance; budget; and banking support.

Investments (4 employees): invests state’s general fund; the two local government investment pools and other separately managed accounts for the state and its agencies.


in addition to serving on the state Depository Board and the Georgia higher education savings Plan Board, the state treasurer is a board member of the Georgia state financing and investment Commission (debt issuance agency), the state Properties Commission, the Georgia Building authority, the Georgia sheriffs’ retirement fund, the Georgia teachers’ retirement system, the Georgia employees’ retirement system, the legislative retirement system, the Georgia Defined Contribution Plan, the Georgia military Pension fund, the Georgia Judicial retirement system, the Public school employees retirement system and the state employees assurance Department.


P.o. Box 150honolulu, hi 96810

tel: 808-586-1518fax: 808-586-1976email: [email protected]: www.hawaii.gov/budget

Selection Method: appointed by GovernorTerm Length: Pleasure of the GovernorTerm Limit: Pleasure of the GovernorServed: since December 2010Next Election Year: Not applicableSalary: $108,972

key STAFF

Luis P. Salaveria, Deputy Director808-586-1516e-mail: [email protected]


Total Number of Employees: 357Size of Treasury Annual Budget: $1,847,935,987 (fY 2013)Size of Portfolio Managed by Treasury: $4,300,000,000 (as of february 13, 2013)

the Department of Budget and finance administers the state budget, develops near- and long-term finan-cial plans and strategies for the state and provides programs for the improvement of management and financial management of state agencies. it coordinates all budget services, supervises the implementation of the fiscal policies established by the governor or mandated by the legislature, prepares the governor’s budget for submission to the legislature and maintains custody of all state funds. the Director of Budget and finance also administers the state’s college savings program and unclaimed property program. attached agencies include the hawaii employees’ retirement system, employer-union health Benefits trust fund, Public utilities Commission, and the office of the Public Defender.

bIogrAPhICAl SkeTCh

married, one child. B.a.—a.m., history; m.B.a., university of hawaii at manoa.

Prior to appointment as state budget and finance director in December 2010, Young served as the Director of finance for the County of maui, a munic-ipality of the state of hawaii, from september 2004. Prior to governmental service, Director Young was a residential & resort Development Coordinator for Kapalua land Company and did government affairs, budget and finance, and internal audit for Kamehameha schools Bishop estate, a private non-profit education trust in the state of hawaii for 10 years.

kAlberT k. youNghAwAIIdIreCTor oF budgeT ANd FINANCe


AbouT The oFFICe

Administration (18 employees): Provides budget, management and system support.

banking (1 employee): reconciles all bank accounts and resolves any discrepancies with the bank.

bond management (2 employees): Plans, monitors and manages the issuances of state bonds.

budget (20 employees): responsible for preparing and monitoring the state’s short- and long-range financial plans and strategies. assists all state agencies in improving the operational effectiveness of their programs and the effectiveness of the budget.

Cash management (6.5 employees): responsible for accounting and recording all of the state’s cash deposits and disbursements. assists in the paying of bond and coupon holders and bondholders with lost, stolen, defaced or destroyed bond coupons.

College Savings (.5 employee): administers the tuitioneDGe college savings program.

Investment (2 employees): Calculates cash balances and invests any excess funds with authorized financial institutions and money brokers.

retirement Systems/Pensions (91 employees): responsible for providing retirement and disability benefits for employees of the state and the counties.

unclaimed Property (9 employees): manages the state’s unclaimed property program.

oTher ProgrAmS

hawaii employer-union health benefits Trust Fund (48 employees): administers the health benefits and life insurance programs for state and county employees, retirees and their dependents.

office of the Public defender (128 employees): Provides legal services for indigent persons or children under the purview of the family Court.

Public utilities Commission (37 employees): Provides oversight over all public utilities (electricity, gas, telecommunications, private water and sewage, etc.), and motor and water carrier transportation carriers in the state.


the director is a member of the Board of trustees of the employees’ retirement system and the state Deferred Compensation Plan. the director is also a member of the hawaii housing finance and Development Corporation, hawaii Community Development authority, the high technology Development Corporation and the Com-mittee on Collective Bargaining.


P.o. Box 83720Boise, iD 83720-0091

tel: 208-334-3200fax: 208-332-2959email: [email protected]: www.sto.idaho.gov

Selection Method: Constitutional—elected by the PeopleTerm Length: four YearsTerm Limit: NoneServed: since January 4, 1999Next Election Year: 2014Salary: $103,984

key STAFF

Laura Steffler, Chief Deputy [email protected]

LeAnn Sullivan, executive assistantleann. [email protected]

Cozette Walters, unclaimed Property administratorCozette.Walters @sto.idaho.gov208-332-2979



the state treasurer operates as the central chief fiscal officer and banker of monies collected by idaho. Duties include receiving all state monies, redeeming warrants, accounting for the receipt and disbursement of public funds, investing idle state monies, issuing state tax anticipation notes, investing local government and agency monies and acting as custodian for workers’ compensation insurance securities on deposit with the state.

the state treasurer is also the administrator of idaho’s unclaimed Property Program, the 529 College savings Program, the idaho Bond Bank, the idaho school Bond Guaranty Program and the small Business assistance Program.

bIogrAPhICAl SkeTCh

Born in Nampa, iD. Currently resides in Nampa. Wife’s name: Cheryl; six children and seven grandchildren. associate’s degree and honorary doctorate from ohio Christian university.

Prior to his election, treasurer Crane served 16 years in the idaho house of representatives where he chaired the house state affairs Committee and the Business Committee. additionally, the treasurer served as co-chairman of the interim Committee on electrical restructuring. he is a business owner of Crane alarm service and is a member of the idaho Chambers of Commerce, was a founding member of the lifeline Crisis Pregnancy Center as well as on the board of Nampa Christian schools. treasurer Crane also served in the idaho National Guard. he received recognition as idaho’s soldier of the Year in 1975. other awards include the Guardian of small Business award and the legislative Champion of the family award.

roN g. CrANeIdAhoSTATe TreASurer


AbouT The TreASury

Administration (7 employees): responsible for establishing policy, setting budget, managing person-nel and overall administration including it support, data processing and accounting for the office of the state treasurer.

Cash management (5 employees): responsible for the timely flow of cash in and out of the state system. as the checking account for the state, the state treasury processes more than $1 million daily. the state treasurer designates all public depositories. Prospective public depositories must apply and certify their capital and surplus to the state treasurer. the state treasurer is responsible for selecting and overseeing those financial institutions that receive state deposits; processing of state warrants and making electronic funds transfers and payments.

Investments/debt management (4 employees): the investment department determines daily state cash flows and invests surplus cash for the general account and state agencies according to idaho state Code and state treasurer investment Policies. surplus funds are invested at the safest levels in either a short-term or a long-term fund. investments managed by the state treasurer include those in the millennium fund and the tobacco settlement funds. these monies are invested in a carefully selected asset mix designed to maximize return through long-term results.

the state treasurer offers investment options to local units of government under the Joint exercise of Powers act. By investing in a larger pool, local municipalities hope to benefit by leveraging economies of scale to increase yields while maintaining the safety of the under-lying investment. the state treasurer’s office has highly qualified staff with the investment market expertise that most local agencies do not have. in most cases, pool participants are able to obtain higher rates of return on their investments as compared to investing on their own. this fund is voluntary and currently provides service to approximately 742 agencies with 1,690 accounts.

the treasurer is responsible for planning, monitoring and managing the issuance of all state debt. the trea-surer is the chief administrator of the idaho municipal Bond Bank which handles the issuance of pooled debt for qualifying municipalities.

unclaimed Property (8 employees)

College Savings Program: the state treasurer, or his designee, serves as chairman of the College savings Program Board. this 529 Program encourages idaho families to set monies aside in a special savings account for higher education expenses. these accounts provide for significant tax incentives with flexibility, accessibility and excellent returns.

oTher ProgrAmS

Idaho Credit rating enhancement Committee: the state treasurer, or his designee, serves as chairman of the idaho Credit rating enhancement Committee. the idaho Credit rating enhancement Committee serves to advise the Governor and the idaho legislature regarding policies and actions that enhance and preserve the state’s credit rating and maintain the future availability of low cost capital financing.

Small business Assistance Program: the state treasurer created and administers this program, which is designed to aid small businesses in obtaining low cost financing.

Idaho School bond guaranty Program: the treasurer is responsible for administration of the idaho school Bond Guaranty Program, which is a default avoidance program for voter-approved school district bonds.


By statute, the idaho state treasurer serves as a member of the state Board of Canvassers, which meets to certify the results of the primary and general elections. under a 1976 supreme Court opinion, the state treasurer acts as a custodian of the Public school endowment fund. additionally, the state treasurer is the custodian of worker’s compensation security deposits and is the ex-officio advisor to the idaho housing and finance association.


illinois state Capitol Buildingroom 219springfield, il 62706

tel: 217-782-2211fax: 217-785-2777email: [email protected]: www.treasurer.il.gov

Selection Method: Constitutional—elected by the PeopleTerm Length: four YearsTerm Limit: No limitServed: since January 2011Next Election Year: 2014Salary: $135,669

key STAFF

Kyle Ham, Chief of [email protected]

Joshua Lanning, executive [email protected]

Matt Butterfield, Communications [email protected]


Total number of Employees: 179 full timeSize of the Treasury Annual Budget: $25,000,000Size of the Portfolio Managed by Treasury: $15,500,000,000

the core function of the illinois state treasurer is the investment of public funds. the office of treasurer also oversees linked deposits, accounting, banking, estate tax, information technology and warrant divisions. the state treasurer also oversees i-Cash, the illinois unclaimed property program, as well as the Bright start and Bright Directions College savings Programs.

bIogrAPhICAl SkeTCh

Born may 26, 1955 in Pontiac, ill. Currently resides in Chenoa, ill. B.a., illinois state university. republican.

Prior to his public service, treasurer rutherford was a successful businessman working 25 years for the servicemaster Company and eventually became responsible for expansion of the company’s businesses internationally. servicemaster is a family of service companies with trade names such as servicemaster Clean, terminix, tru-Green, and merry maids.

treasurer rutherford began his political involve-ment as a young man when he served as the statewide executive director of illinois for ronald reagan’s first winning presidential bid in 1980. after declining an opportunity to serve in the first reagan White house, he stayed in illinois to serve as head of international Business for the illinois Department of Commerce.

treasurer rutherford is also an adventurer. as a young man, he enjoyed camping and fishing. in high school, he was a foreign exchange student to Barbados. after graduating from college, he backpacked across europe and spent a few months leading safaris in Kenya.

treasurer rutherford is also a conservationist and has established a wildlife habitat by planting over 17,000 trees and shrubs at his rural home.

dAN ruTherFordIllINoISSTATe TreASurer


AbouT The TreASury

banking: responsible for management of the short-term investment portfolio, deposits of public funds in illinois financial institutions and the protection of public funds, collection of various fees from all state agencies and ensuring that the state’s financial obligations are paid on a daily basis.

Cash management: responsible for the payment of all bank processing services, cash flow forecasting and market analysis. also works with the agencies of state government responsible for collecting various taxes and fees to ensure the most efficient cash management procedures are utilized.

College Savings: administers the Bright start College savings Program and the Bright Directions College sav-ings Program, illinois’ section 529 College savings Plan.

local government Service: responsible for portfolio management and the illinois funds, which combine smaller accounts from local government units across the state in order to achieve maximum investment yield.

unclaimed Property: the treasurer administers the illinois “i-Cash” program which reunites lost or unclaimed property with its rightful owners.


the treasurer serves as a member of the following illinois boards, commissions and authorities: Community Devel-opment finance Committee; Judges’ retirement system Board of trustees; municipal retirement system; illinois Grain insurance Corporation; state Board of investments; and the state records Commission.


200 W. Washington, st., #242indianapolis, iN 46204

tel: 317-232-6386fax: 317-233-1780email: [email protected]: www.state.in.us/tos/

Selection Method: Constitutional—elected by the PeopleTerm Length: four YearsTerm Limit: No more than eight years in any 12-year periodServed: since february 2007Next Election Year: 2014Salary: $74,580 (plus $12,000 annual housing allowance)

key STAFF

Jim Holden, Chief Deputy treasurer and General Counsel317-232-6388

Michael Frick, Deputy treasurer and Portfolio manager317-232-0140

Christopher Conner, Director of Communications and special Projects317-232-6387

Alicia Crabtree, scheduler and administrative assistant317-232-6386

Jennifer Gilson, scheduler and administrative assistant317-232-6386


Total Number of Employees: 12Size of Treasury Annual Budget: $870,106Size of Portfolio Managed by Treasury: $6,800,000,000

the treasurer is responsible for the receipt and custody of all monies paid into the state treasury. the office manages the investment of state general fund monies and more than 70 trust and dedicated funds. the treasurer pays all warrants cleared through banks and reconciles collections daily with the state auditor.

bIogrAPhICAl SkeTChBorn oct. 8, 1951 in Wauseon, oh. Currently resides in evansville. Wife’s name: marilyn. B.s., natural systems, Defiance College; m.s., geology, Ball state university. republican.

treasurer mourdock began his career in public service as the vanderburgh County Commis-sioner from 1995 to 2002. afterwards, treasurer mourdock founded r.e. mourdock & associates, an environmental consulting firm. he is a licensed professional geologist. Prior to beginning his consulting practice, treasurer mourdock spent 16 years as a top executive with Koester Companies, inc. he has over 30 years of private sector business management experience.

treasurer mourdock previously served as the vice-chairman of the College savings Plan Network and the midwest regional vice President of the National association of state treasurers.

rIChArd e. mourdoCkINdIANATreASurer oF STATe


AbouT The TreASury

Administration (4 employees): responsible for day-to-day management of the office including scheduling, communications and media relations, legislative, office accounting, data processing and general support services.

Cashier’s Section (5 employees): Duties include col-lections, disbursements, wire transfers and reconciliation. Document division handles filing of cancelled warrants and researching all requests related to cancelled warrants.

Investment/Cash management/Fiscal (3 employees): responsible for investment of indiana’s $7+ billion portfolio, with primary objectives of safety, liquidity and return. By law, the treasurer invests in fixed income instruments only. also oversees the operations of the state Police Pension fund, for which the treasurer serves as sole trustee.

TreASurer’S AgeNCIeS

Indiana bond bank (3 employees): the treasurer serves as chairman of the board of the indiana Bond Bank. the indiana Bond Bank is a quasi-governmental agency created by the indiana General assembly to assist local units of government with short and long-term borrowing needs. the Bond Bank pools bonds of local units of government to achieve the most competitive rate for participants at the lowest possible cost.

Indiana education Savings Authority: (2 employees): the treasurer serves as the Chairman of the Board of the indiana education savings authority. the indiana education savings authority oversees the indiana College Choice 529 Plan.

Indiana board for depositories: (2 employees): the Public Deposit insurance fund (PDif) was created in 1937 to insure the deposits of public monies in indiana’s banks, similar to the way the fDiC insures individual depositor’s accounts. PDif funds are managed and invested by treasurer mourdock in his capacity as the secretary-investment manager for the indiana Board for Depositories. treasurer mourdock staffs, administers, manages and directs the affairs and activities of the board in accordance with the policies set forth by the board.

Indiana wireless enhanced 911 Advisory board (3 employees): the treasurer serves as chairman of the Wireless Board, which is responsible for the oversight of wireless e9-1-1 and routing wireless e911 calls to the proper public safety agency location.


the treasurer has day-to-day authority over the operations of the following boards and quasi-gov-ernmental entities: Chairman of the indiana Bond Bank, Chairman of the indiana education savings authority, Chairman of the indiana Wireless enhanced 911 advisory Board, trustee of the indiana state Police Pension fund, and the secretary/investment manager of the indiana Board for Depositories. in addition, the treasurer serves as vice chairman of the indiana housing and Community Development authority and a member of the following boards and commissions: indiana arts Commission Cultural trust administrative Board, indiana Deferred Compensation Committee, indiana Board of finance, Grain indemnity Corporation, indiana Business Community Credit Corporation, indiana finance authority, indiana heritage trust Committee and the underground storage tank financial assurance Board. the treasurer also serves as administrator for the state’s local government investment pool.


Capitol BuildingDes moines, ia 50319

tel: 515-281-5368fax: 515-281-7562email: [email protected]: www.treasurer.state.ia.us

Selection Method: Constitutional—elected by the PeopleTerm Length: four YearsTerm Limit: NoneServed: since 1983Next Election Year: 2014Salary: $103,212

key STAFF

Stefanie Devin, Deputy [email protected]

Karen Austin, Deputy [email protected]

GeorgAnna Madsen, executive [email protected]



the state treasurer provides cash management services for state funds, coordinates state financings and serves as trustee and custodian of iowa’s three state pension funds. he has returned millions of dollars in lost property through the Great iowa treasure hunt and is the admin-istrator of iowa’s 529 College savings Programs including College savings iowa, with over $3 billion invested.

bIogrAPhICAl SkeTCh

Born Nov. 29, 1951 in marshalltown, ia. Currently resides in Waukee. two children. B.s., business administration, university of iowa. Democrat.

Prior to his election as state treasurer in 1982, treasurer fitzgerald was a marketing analyst at massey furguson Co. for eight years. Beginning in January 2012, fitzgerald became the chair of the College savings Plans Network. that term expires December 2013. in addition, fitzgerald served as president of the National association of unclaimed Property administrators (1986); the National association of state treasurers (1988) and the National association of state auditors, Comptrollers and treasurers (1983).

mIChAel l. FITzgerAldIowASTATe TreASurer


AbouT The TreASury

Administration (4.5 employees): responsible for planning and the coordination of resources. Provides support for administrative, legislative and public rela-tions activities.

Cash management/Accounting (7 employees): serves as custodian for state funds. approves all state receipts. Coordinates financial services used by state agencies. redeems state warrants and electronic pay-ments. manages state investment pool that contains balances of state funds. maintains accounting records and performs necessary reconciliations regularly.

College Savings 529 Plan (2 employees): administers College savings iowa, iowa’s section 529 College savings Program.

debt management (1 employee): Coordinates the issuance of obligations for state agencies and author-ities. invests bond proceeds as needed. Pays debt service and provides required reporting during term of obligations.

Pension Investment oversight (1 employee): serves as custodian for all state pension systems. responsible for the investment of the Peace officers’ retirement system and the Judicial retirement system. as member of iPers investment Board, establishes investment policy and reviews its implementation.

unclaimed Property (13 employees): administers the uniform disposition of unclaimed property through the Great iowa treasurer hunt program.

Protection of Public Funds (.5 employee): the trea-surer administers the program to secure public funds in excess of fDiC insurance.


the state treasurer is a member of the executive Council of iowa, state appeals Board, rate setting Committee, state records Commission, iowa Centennial memorial foundation, iowa Grain indemnity Board, iowa Compre-hensive Petroleum underground storage tank Board, Peace officers retirement system Board, vision iowa Board and the tobacco settlement authority.


900 sW Jackson, suite 201topeka, Ks 66612-1235

tel: 785-296-3171fax: 785-296-7950Website: www.kansasstatetreasurer.com

Selection Method: statutory—elected by the PeopleTerm Length: four YearsTerm Limit: NoneServed: since January 2011Next Election Year: 2014Salary: $86,000

key STAFF

Derek Kreifels, assistant state treasurer/Chief of [email protected]

Carly Miller, Director of Communications/financial [email protected]

Melinda (Mindy) Forrer, special assistant to the [email protected]


Total Number of Employees: 40.5Size of Treasury Annual Budget: $3,500,000

the Kansas state treasurer participates in the invest-ment of state funds as a member of the Pooled money investment Board, acts as a transfer agent for many Kansas municipal bonds, receives and deposits state monies and provides warrant redemption and reconciliation. the treasurer administers the Kansas unclaimed Property act, is the custodian of securities backing state bank deposits and administers the distri-bution of various state funds to Kansas municipalities, oversees the agricultural Production loan Deposit Program and administers learning Quest, the Kansas 529 educational savings Program. the treasurer is a statutory board member of the state and local pension funds.

bIogrAPhICAl SkeTChBorn in topeka. Wife’s name: susan; three children. Bachelor’s degree, civil engineering; m.B.a., tennessee technological uni-versity. republican.ron estes was sworn in Jan. 10th, 2011, as the 39th treasurer of the state of Kansas.as state treasurer, estes oversees an office that currently handles over $20 billion and an annual operating budget of $3.5 million. Key programs in the office are Bonds services, Cash management, unclaimed Property, the ag loan and housing loan Deposit Programs and the Kansas learning Quest 529 education savings Program, which has more than 164,000 accounts with total assets of over $3.3 billion. the treasurer’s office is a fee-funded agency. as state treasurer, estes also serves as a member of the Kansas Public employee’s retirement system (KPers) and the Pooled money investment Board.treasurer estes is the first statewide elected official from the City of Wichita in 20 years. he was originally elected sedgwick County treasurer in 2004 and was re-elected to that position in 2008. During his time in that office, estes saved taxpayers money by returning $1.5 million to the sedgwick County general fund.Prior to his election to sedgwick County treasurer, estes worked in several different industries in consulting and management roles. these industries include aerospace, oil and gas, automo-tive and several other manufacturing and service industries. he successfully implemented a variety of different financial and other computer systems that have improved efficiency. he also analyzed and improved business processes utilizing concepts to eliminate errors and streamline procedures. estes has extensive experience in improving customer service and focusing on operation improvement and cost cutting.estes holds a bachelor’s degree in civil engineering and a master’s degree in business administration, both from tennessee techno-logical university.estes has served as the treasurer for the Kansas County treasurer’s association and was recently re-elected to serve as the midwest regional vice President for the National association of state treasurers. he has also held several positions in the republican Party, most recently serving as the state party vice chairman. ron is a fifth generation Kansan. his family continues to run a farm in osage County. ron and his wife, susan, have three children.

roN eSTeSkANSASSTATe TreASurer


AbouT The TreASury

Administration & Information Technology (11 employees): responsible for the overall management and direction of all activities of the office. establishes policy, assigns and directs the work of the other oper-ating programs, determines priorities, allocates available resources on the basis of those priorities and requires internal reviews of operations and procedures. Conducts management of personnel and payroll issues, budgeting, administrative correspondence and the collating and distributing of information to state agencies and other interested parties. information resource management encompasses computer hardware/software acquisition, installation, maintenance, application development, application design and implementation, communications and training. General office support services include reception, telephone and fax communication support, supplies, purchasing and accounts payable.

bond management (9 employees): as registrar, transfer agent, and paying agent for almost 90 percent of the outstanding municipal bond issues in Kansas, the state treasurer maintains records on 31,380 bond holders to permit prompt and accurate processing of transactions, as well as timely payments of principal and interest to owners. Kansas municipal bond issues currently total $13.7 billion in outstanding debt.

Cash management (8 employees): this division has two primary functions: item processing and aid to local units. item processing keeps an accurate account of all receipts and disbursements of the state, and aid to local units distributes money from several funds to city and county governments according to statuary provisions.

higher education Savings (1 employee): higher education savings administers learning Quest, the Kansas educational savings Plan. it is responsible for the regulations governing the program, selecting the financial organization that will manage the accounts, promoting the plan, designing marketing materials and ensuring the program complies with all relevant internal revenue service guidelines. also, administers a low income matching grant higher education savings program. the division reports each year to the Kansas legislature on the operations of the program.

Financial education (.5 employee): Provides a variety of services offered to Kansans of all ages. services include an in-school savings program and financial management camps for grade school and middle school aged students; the aBCs of Credit Card finance for high school and college students; and financial lunch and learn sessions for adults. the treasury also offers an online library of financial education resources.

unclaimed Property (11 employees): the unclaimed property program seeks rightful owners of abandoned and unclaimed property that has been remitted to the state. each year, financial institutions and businesses report the names of people with accounts, wages, stocks, dividends, utilities and royalties that have been lost or abandoned.


the Kansas state treasurer serves as a member of the Kansas Public employees’ retirement system and the Pooled money investment Board.


1050 us hWY 127 southfrankfort, KY 40601

tel: 502-564-4722fax: 502-564-6545Website: www.kytreasury.com

Selection Method: Constitutional—elected by the PeopleTerm Length: four YearsTerm Limit: two Consecutive termsServed: since January 2008Next Election Year: 2015Salary: $101,000

key STAFF

Dr. Eugene Harrell, assistant state [email protected]


Total Number of Employees: 33Size of Treasury Annual Budget: $3,100,000

the treasurer’s office is responsible for timely deposit of incoming revenues from state agencies. the state treasurer records, monitors and reconciles all transac-tions in the state’s depository and checking accounts. the treasurer also performs critical functions that ensure compliance with the federal Cash manage-ment act of 1990. the state treasurer records, verifies and pays all federal, state and local withholding taxes for employees of the Commonwealth of Kentucky. the treasurer also implements court ordered attachments against the salaries of state employees or moneys owed to state vendors. the state treasurer is a board member of the Kentucky higher education assistance authority, which oversees the state’s two 529 college savings plans. the treasurer administers the state’s unclaimed property program.

bIogrAPhICAl SkeTCh

Born July 21, 1960 in Jefferson County, Ky. Currently resides in louisville. Wife’s name: rosemarie; two children. Bachelor’s degree, university of Kentucky; law degree, university of louisville.

treasurer hollenbach has a distinguished record of public service that includes his position as a Commissioner with the Kentucky Commission on human rights. as Commissioner, he worked dili-gently to insure that the rights of all Kentuckians were protected regardless of race, religion, age or gender. his reputation for fair dealing and hard work earned him a position on the bi-partisan Blue ribbon Committee convened to investigate the merit hiring system.

as state treasurer, he is working to streamline internal accounting procedures, modernize office technology, improve service and promote transparency in government. treasurer hollen-bach co- chaired the governor’s etransparency committee and pioneered the first transparency website in state government known as v.i.e.W. he also served as chairman of the Pension reform Work Group, which offered bi-partisan review of investments of the state administered retire-ment systems and recommended appropriate benchmarks, policies and portfolio strategies. in addition, treasurer hollenbach is developing legislative and educational initiatives to better prepare Kentuckians to safeguard their own financial interests.

Todd holleNbAChkeNTuCkySTATe TreASurer


AbouT The TreASury

Administration (33 employees): the treasurer oversees the central administrative responsibilities for the receipt and custody of all revenues collected by state government and for writing all checks and dis-bursements of state funds. this includes the issuance of checks and reconciliation of the multiple com-monwealth bank accounts. for accounting purposes, the treasury department also reviews and records all investment transactions of the commonwealth.

Cash management: records, verifies and pays all fed-eral, state and local withholding taxes for employees of the commonwealth. implements court ordered attach-ments against the salaries of state employees or monies owed to state vendors. makes timely deposit of incoming revenues from state agencies. records, monitors and reconciles all transactions in the state’s depository and checking accounts.

College Savings: the treasurer serves as a member of the board of directors that oversees the program’s administration.

unclaimed Property (8 employees): responsible for administering the state’s unclaimed property program. this program receives unclaimed property reports from holders and potential holders of unclaimed property, pursues the location and collection of the property, and attempts to locate rightful property owners.


the state treasurer serves as vice chairman of the state investment Commission and is a member of the follow-ing boards/commissions: Kentucky lottery Corporation Board of Directors, the Kentucky teachers’ retirement system Board, the Kentucky higher education assistance authority, the Kentucky Grain insurance Board and the Kentucky asset/liability Commission.


P.o. Box 44154Baton rouge, la 70804-4154

tel: 225-342-0010fax: 225-342-0046email: [email protected]: www.latreasury.com


key STAFF

Ron J. Henson, first assistant state [email protected]

Jason R. Redmond, Deputy state treasurer & Communications [email protected]

Alice B. Washington, Confidential assistant to the [email protected]



the treasurer is responsible for the custody, investment and disbursement of the state’s public funds. the trea-surer provides information to rating services, financial institutions, bond buyers and the general public on the issuance and sale of bonds, state debt structure and management and management of debt for louisiana boards, departments, commissions, authorities and agencies. the treasurer manages investments for the state college savings program and administers the unclaimed property program. the treasurer also serves as chairman of the state Bond Commission.

bIogrAPhICAl SkeTCh

Born Nov. 10, 1951 in Centreville, miss. Currently resides in madisonville, la. Wife’s name: rebecca; one child. B.a., political science, philosophy, and economics, vanderbilt university; J.D., university of virginia; and B.C.l., oxford university. republican.

Prior to his election, treasurer Kennedy served as secretary of the louisiana Department of revenue from 1996 to 1999. he served as special counsel to Gov. Buddy roemer from 1988 to 1992, where he was a member of the Governor’s Commission on medical malpractice and the secretary of state’s Commission on Corporations. Prior to that, treasurer Kennedy practiced civil litigation at Chaffe mcCall, l.l.P.

treasurer Kennedy is a past member of the Board of Directors of the Council for a Better louisiana and the friends of the New orleans Center for Creative arts.

johN Neely keNNedylouISIANASTATe TreASurer


AbouT The TreASury

Accounting (7 employees): Performs accounting for 409 constitutional and statutory funds created in trea-sury. also provides accounting and financial reporting of investment portfolios and administration of social security for public employees. accounting is part of the fiscal division.

Administration (17 employees): Provides overall administration of the department including support for personnel, policy and research and legal divisions.

banking (7 employees): administers the banking network for state agencies depositing money in the treasury. administrative functions include recon-ciliation of the state’s central bank account, central disbursement account and regional depository accounts. Provides accounting for interbank transfers for agency zero balance check and electronic fund transfer disbursement accounts. staffs the cash man-agement review board, which reviews applications for new bank accounts and approves agency internal cash management policies and procedures. approves investment policies of state colleges and universities. Part of the fiscal division.

debt management (9 employees): state Bond Com-mission/Debt management is responsible for debt service payments and administering paying agent contracts including the payment of fees. also provides support staff for the state treasurer as chairman of the state Bond Commission. the commission provides the approval and issuance of debt by state and local entities.

budget (1 employee): the budget is part of the fiscal division. Prepares the treasury annual operating budget and monitors budget and spending through the fiscal year.

Cash management (1 employee): Part of administra-tion, the Cash management audit Program helps state agencies manage money better to earn the maximum interest on public funds. explores ways to develop uni-form cash management policies. helps state agencies retrieve uncollected debt.

College Savings (1 employee): Part of investments, manages investments for the louisiana student tuition assistance and revenue trust (start) program to help families and individuals pay for college education.

Investments (3 employees): sets and implements investment policies through the daily activity of the state’s general and dedicated funds, including the louisiana education Quality trust fund.

local government Services (3 employees): Part of the fiscal division, provides accounting for state aid to local governmental units including formula calcula-tions, distributions and financial reporting. Processes supplemental payments to deputy sheriffs and staffs the Deputy sheriffs’ supplemental Pay Board of review.

unclaimed Property (9 employees): finds owners of unclaimed intangible personal property that has been turned over to the state. Collects unclaimed property from holders.


the louisiana state treasurer serves on the louisiana firefighters’ retirement system Board, louisiana school employees’ retirement system, louisiana state employees’ retirement system, louisiana state Police retirement system, teachers’ retirement system of louisiana, Public retirement systems’ actuarial Com-mittee (Past Chairman), louisiana Public employees’ Deferred Compensation Plan Commission, Deputy sheriffs’ supplemental Pay Board, louisiana military family assistance Board, Post employment Benefits trust fund Board of trustees, municipal Police employees’ retirement system, state Bond Commission (Chairman), tobacco settlement financing Corporation, interim emergency Board, louisiana asset management Pool (Chairman), Cash management review Board (Chairman), louisiana tax free shopping Commission, louisiana tuition trust authority, louisiana lottery Commission, louisiana education Quality trust fund investment advisory Board, louisiana Coastal Protection & restoration financing Corporation, louisiana utility restoration Corporation, Governor’s advisory Council on Disability affairs, second injury Board, louisiana Workers’ Compensation Corporation (Chair, finance Committee), louisiana Citizens’ Property insurance Corporation, louisiana auto theft and insurance fraud Prevention authority, louisiana housing Corporation (Past Chairman), Jump$tart Coalition for financial literacy, first stop shop Coordinating Council, louisiana teachers’ homebuyer Program advisory Board, old state Capitol advisory Board (Chairman), and the information technology advisory Board.


39 state house stationaugusta, me 04333

tel: 207-624-7477fax: 207-287-2367email: [email protected]: www.maine.gov/treasuer

Selection Method: elected by the legislatureTerm Length: two YearsTerm Limit: fourServed: since January 2013Next Election Year: 2014Salary: $69,264

key STAFF

Kristi L. Carlow, Dir. internal [email protected]


Total Number of Employees: 15, including the treasurerSize of Treasury Annual Budget: $2,079,130Size of the Portfolio Managed by Treasury: $200,000,000 to $1,000,000,000

the treasurer is responsible for the state’s general obligation debt management, unclaimed property program, cash receipt tracking, investment and reconciliation, management of the trusts in which the state is trustee and for board membership in many quasi-public state authorities.

bIogrAPhICAl SkeTCh

Neria Douglass of auburn is maine’s 50th state trea-surer. she served for eight years as state auditor and is an attorney-at-law and certified internal auditor. she led the maine Department of audit in reporting finan-cial statement opinions faster, resulting in achievement of the Certificate of excellence in financial report-ing each year since 2007. using her legal skills and experience in the state’s complex financial systems and accounts, she inspired staff to accelerate audit reports so information given to legislators is more current. under her leadership, staff identified millions of dollars useful to state government: monies due to the general fund; reimbursements available from the federal government; and money due but not received.

she served in the maine senate from 1998 to 2004. During her legislative service, she focused on improving accounting practices in state government, access and quality in public education at all levels, affordable health care and patients’ rights. senator Douglass worked to secure privacy in telephone and internet services, and safety for families affected by domestic violence. she served on the auburn City Council from 1994 to 1998 and was Chair of the auburn school Committee from 1989 to 1994.

Douglass earned her law degree from vanderbilt university and her bachelor’s degree from Wellesley College. she is admitted to practice law in the u.s. supreme Court, the u.s. District Court for maine, and the state of maine, and has been a prosecutor and a private attorney.

she has been married to Paul Douglass for 35 years and is mother to grown children, ryan, Nathan, and Neria lauren.

NerIA r. douglASSmAINeSTATe TreASurer


AbouT The TreASury

Administration (4 employees): management and implementation of debt, cash, unclaimed property and all other programs.

bond management (2 employees): issues the state’s general obligation bonds and coordinates maine’s presentations to bond rating agencies.

Cash management (5 employees): management of state of maine bank accounts, receipt of all state revenues and investment of cash pool funds.

unclaimed Property (3 employees): manages maine’s unclaimed property effort that reunites lost property with its rightful owner.


the state treasurer serves as a member of the follow-ing state authorities, committees and boards: finance authority of maine, maine state housing authority, maine state retirement system, maine municipal Bond Bank, maine Government facilities authority, maine health and higher education facility authority, Baxter state Park investment Committee, adaptive equipment loan Board, maine educational loan authority, maine Public utility financing Bank, Dirigo health agency and the NextGen investment advisory Committee.


state of maryland treasurer’s office80 Calvert st.annapolis, mD 21401

tel: 410-260-7160fax: 410-260-6056email: [email protected]: www.treasurer.state.md.us

Selection Method: elected by the legislatureTerm Length: four YearsTerm Limit: NoneServed: since february 2002Next Election Year: 2014Salary: $125,000

key STAFF

Bernadette Benik, Chief Deputy [email protected]

Susanne Brogan, Deputy treasurer for Public [email protected]

Christine Buckley, executive [email protected]


Total Number of Employees: 57Size of Treasury Annual Budget: $41,000,000Size of Portfolio Managed by Treasury: $6.6 billion

the state treasurer is responsible for the manage-ment and protection of state funds and property. in this capacity, the treasurer selects and manages the depository facilities for state funds, issues or authorizes agents to issue payments of state funds, invests excess funds, safekeeps all state securities and investments and provides insurance protection against sudden and unanticipated damage to state property or liability of state employees. the state treasurer plans, prepares and advertises state of maryland general obligation bond issues, and through the Capital Debt affordabil-ity Committee reviews the size and condition of state tax-supported debt and other debt of state units on a continuing basis.

bIogrAPhICAl SkeTCh

Born Dec. 7, 1943 in Coral Gables, fl. Currently resides in Bethesda. husband’s name: robert; two children. B.a., Wellesley College; m.a., government, university of Chicago. Democrat.

Prior to her election, treasurer Kopp served as a member of the maryland house of Delegates for 27 years, where she served as speaker Pro tem, chair of the education and economic Development appropriations subcommittee and co-chair of the Joint spending affordability Committee.

treasurer Kopp has been awarded numerous honors, including the “outstanding service” award from Common Cause of maryland, the legislator of the Year award from the university of maryland Young alumni and the “outstanding legislator” award from the microenterprise Council of maryland. in 2010, she received the Nast harlan e. Boyles/edward t. alter Distinguished service award. in 2012, she received the Nast Jesse m. unruh award.

NANCy k. koPPmArylANdSTATe TreASurer


AbouT The TreASury

Administration (7 employees): the primary function of the administration division is to supply efficient daily operational and support services to the state treasurer’s office. the division comprises four units: budget man-agement and accounting, human resources, procurement and office administration.

banking (14 employees): manages the flow of all receipts and disbursements of state funds, electronic funds transfer file maintenance, and account reconcili-ation duties. the treasurer reconciles all bank accounts.

debt management (3 employees): Coordinates capital debt management, general obligation bond sales and capital lease lines. Prepares the state’s official statement, receives bids, and arranges settlement, delivery of bonds and tracking of the proceeds for general obligation bonds.

Insurance (13 employees): administers the state’s insurance program which comprises both commercial insurance and self-insurance. Procures commercial insurance policies to cover catastrophic property and liability losses, administers self-insurance fund and adjusts and pays insurance claims.

Investment (2 employees): manages the investment of cash and operating funds of state agencies. manages the investment of general obligation bond proceeds and directs the short- and long-term investments of a number of trustee accounts under state agency revenue bond indentures. this division also monitors the local government investment pool and its investment policy.

Information Technology (7 employees): Provides fully automated data processing capabilities in support of daily operations of the treasurer’s office. handles equipment management, training, technical assistance and services to all divisions, including local area network-ing, internet access, email, application development, software evaluation and data communications. Processes payments for several agencies statewide.

executive (7 employees): Provides direct support to the treasurer including policy advice in the execution of the wide range of constitutional duties. acts as staff for the many boards and commissions that the treasurer chairs, and, as such, prepares analytical information for presentation, drafts recommendations, summarizes discussions and prepares final reports. also coordinates and leads the operations of all agency activities. the agency internal auditor is a member of the executive staff.

legal division (4 employees): Provides advice and counsel to the treasurer, works on tax-exempt financing, supervises the defense of the state in tort claims suits and assists the treasurer’s staff.


the state treasurer serves as a member of the following boards, commissions, and foundations: Chair, Capital Debt affordability Committee; Chair, Commission on state Debt; Board of Public Works; maryland agricul-tural land Preservation foundation; Board of state Canvassers; Governor’s salary Commission, hall of records Commission, maryland health and higher educational facilities authority; Procurement advisory Council, Board of revenue estimates, maryland small Business Development financing authority and maryland state employees surety Bond Committee; Board of trustees, maryland teachers and state employees supplemental retirement Plans; Chair, College savings Plans of maryland Board; Blue ribbon Commission to study retiree health-Care funding options and Board of advisors, institute of human virology, university of maryland school of medicine; Chair, Board of trustees, state retirement and Pension system (investment committee, administrative committee; audit committee and corporate gover-nance committee; vice-chair, 2002–07); task force to study the Procurement of health, education, and social services by state agencies, 2010; Public employees’ and retirees’ Benefit sustainability Commission, 2010–; Joint legislative and executive Commission on oversight of Public-Private Partner-ships, 2010–. team member, financial education College access and success Grant Project, state Department of education, 2010–.


the state house, room 227Boston, ma 02133

tel: 617-367-6900fax: 617-248-0372email: [email protected]: www.mass.gov/treasury

Selection Method: Constitutional—elected by the PeopleTerm Length: four YearsTerm Limit: NoneServed: since January 2011Next Election Year: 2014Salary: $130,261.58

key STAFF

James A. MacDonald, first Deputy [email protected]

Kathryn R. Burton, Chief of [email protected]

Al Gordon, assistant treasurer, Director of [email protected]

Sarah V.R. Levis, Director of scheduling and [email protected]

oFFICe oF The TreASurer ANd reCeIver geNerAl

Total Number of Employees: 217 (treasury only); approximately 700 including affiliated agenciesSize of Treasury Annual Budget: $9,200,000Size of Portfolio Managed by Treasury: $100,000,000,000

the treasury is responsible for managing the state’s daily cash flows and state-issued debt. the treasurer’s office administers the state employees’ retirement system and the unclaimed Property Division, and oversees independent agencies including the massachusetts school Building authority, alcoholic Beverages Control Commission, massachusetts state lottery Commission and the massachusetts Pension reserves investment management Board.

bIogrAPhICAl SkeTCh

Born feb. 17, 1946, in Newton, mass. Currently resides in Newton. Wife’s name: Barbara; three sons. aB, Princeton university; mBa, harvard Business school.

Before taking office as treasurer in January 2011, steven Grossman spent more than 35 years as Ceo of Grossman marketing Group in somerville, mass., a 100-year-old, fourth-generation family business. the former Chairman of the massachu-setts Democratic Party and former Democratic National Committee Chairman, treasurer Grossman has been a leading figure in numerous charitable organizations.

STeveN groSSmANmASSAChuSeTTSTreASurer ANd reCeIver geNerAl


AbouT The oFFICe

Administration (59 employees): administration and finance oversees the fiscal and administrative activities of the treasury, including managing budget procedures, operating trusts and capital budgets. Computer services supplies information technology support to the treasury. the legal department acts as in-house counsel to the treasurer and all treasury departments. the executive staff provides constituent service and support for the treasurer. the human resources department works to ensure a professional and business environment fostering high morale and employee retention. the treasury’s internal auditor independently evaluates the adequacy of the treasury’s internal controls.

Alcoholic beverages Control Commission (28 employees): the alcoholic Beverages Control Commission (aBCC) has oversight over all aspects of the alcohol industry in massachusetts. this includes manufacturing, importing, exporting, storing, transporting and selling alcoholic beverages within massachusetts. in addition, the aBCC has final approval over every alcoholic beverage license in the commonwealth.

Asian American Commission (1 employee): the goal of the asian american Commission is to recognize and highlight the vital contributions of asian americans to the social, cultural, economic and political life of the commonwealth; to identify and address the needs and challenges facing the residents of asian ancestry; and to promote the well-being of this dynamic and diverse com-munity and thereby, advance the interests of all persons who call massachusetts home.

veterans’ bonus division (3 employees): the veterans’ Bonus Division is part of the Community and veterans’ services Depart-ment in treasurer Grossman’s administration. We are proud to provide bonus payments for veterans, service members and their families for qualified service in the united states armed services. the treasury administers the World War ii Bonus, Korean Bonus, vietnam Bonus and the Welcome home Bonus. all bonus pay-ments are subject to applicants meeting eligibility requirements. the Welcome home Bonus is for veterans who are engaged in or have completed qualified active service since sept. 11, 2001.

unclaimed Property (38 employees): Protects the unclaimed assets belonging to the citizens of the commonwealth. under state unclaimed property laws, most financial assets that have been inactive for three years are reported to the division. twice a year, new names of property owners are added to the database of previously unclaimed accounts and are listed in newspapers across the state.

Cash management (13 employees): responsible for managing the commonwealth’s daily cash flows, which total over $46 billion a year. responsibilities include managing the states’ banking needs, quarterly local aid payments of $1.2 billion to municipalities, management of $8.4 billion short-term investment pool for the commonwealth’s working capital and the regular reconciliation of state agency bank accounts.

Commonwealth Covenant Fund (1 employee): the Commonwealth Covenant fund is an innovative program that provides accessible tuition loan repayments to undergraduate students who attend public universities or colleges in massachusetts and stay to pursue careers in the science, technology, engineering and math fields.

debt management (8 employees): responsible for managing the commonwealth’s short-term and long-term borrowing needs. short-term borrowing is done through the sale of revenues anticipation notes and commercial paper (approximately $2 billion per year); long-term borrowing is done through the sale of commonwealth bonds (approximately $2 billion per year).

Financial education (2 employees): the financial education Department seeks to promote fiscal literacy to the citizens of massachusetts, particularly to underserved groups such as women, children, veterans and minorities. the collaborative nature of these programs is a strong example of effective partnerships between the public sector and business entities.

massachusetts State board of retirement (57 employees): the state retirement Board administers the retirement benefits of the massachusetts state employees’ retirement system (“msers”). the msers consists of more than 86,500 active members, and 53,000 retirees or beneficiaries. as of January 2011, the msers had more than $19.3 billion in assets. the board is comprised of five members, of which the treasurer is chair.

massachusetts water Pollution Abatement Trust (9 employees): the massachusetts Water Pollution abatement trust provides subsidized loans to communities, local governmental units and eligible private water suppliers through the Commonwealth’s state revolving fund loan Program as part of the state’s ongoing effort to improve water quality throughout the commonwealth.

The SmArT Plan (2 employees): the smart plan is the com-monwealth’s $5.1 billion deferred compensation plan, which was established in 1976 as a public employee benefit program.

oTher AgeNCIeS

Pension reserves Investment management board (24 employees): the nine-member Prim Board, of which the treasurer is chair, manages the Pension reserves investment trust (Prit) fund, a pooled fund which invests the assets of the massa-chusetts state teachers’ and employees’ retirement systems, and the assets of county, authority, district and municipal retirement systems that choose to invest in the fund.

massachusetts School building Authority (50 employees): the massachusetts school Building authority is an independent public authority of which treasurer Grossman serves as chairman. funded by a dedicated penny of the state’s sales tax, the msBa provides reimbursements to cities, towns and regional school districts to build and renovate eligible public K–12 facilities throughout the commonwealth.

massachusetts State lottery (420 employees): the massachusetts state lottery provides local aid for all 351 cities and towns in the state. treasurer Grossman chairs the lottery Commission.


the state treasurer sits as chairman on the following boards and commissions: the Commonwealth Covenant fund, the lottery Commission, the massachusetts school Building authority, the Pension reserves investment management Board, the state retire-ment Board, and the Water Pollution abatement trust Board of trustees.

the treasurer also serves as a member on the following boards and commissions: the Board of Bank incorporation, Boxers’ fund Board, the Catastrophic illness in Children relief fund Commission, the health Care security trust, the Comptrollers advisory Board, the financial advisory Board, the municipal finances oversight Board, the massachusetts school Building advisory Board, the teachers’ retirement Board, massachusetts technology Development Cor-poration and the Water infrastructure finance Commission/WPat.

the treasurer administers a “Welcome home” Bonus program for veterans of the armed services. the program provides bonus payments for veterans, service members, and their families for qualified service in the united states.


430 W. allegan st.lansing, mi 48922

tel: 517-373-3223fax: 517-335-1785email: [email protected]: www.michigan.gov/treasury

Selection Method: appointed by the GovernorTerm Length: Pleasure of the GovernorTerm Limit: Pleasure of the GovernorServed: since January 2011Next Election Year: Not applicableSalary: $174,204

key STAFF

Mary MacDowell, Chief Deputy [email protected]

Amy Hichez, executive [email protected]

Terry Stanton, Director of [email protected]


Total Number of Employees: 1,562 (includes lottery and Gaming Control)

Treasury Only Employees: 1,267Size of Treasury Annual (Operating) Budget: $265,996,600Size of Portfolio Managed by Treasury: $62 Billion

the treasurer acts as principal economic advisor to the governor on tax and fiscal policy issues. the office oversees the administration of the state’s tax system, all state government banking functions, regulation and oversight of local government financial operations and investment management of the state’s pension system. the state treasurer serves as sole investment fiduciary to the judges, public school employees, state employees and state police retirement funds. the state treasurer also serves as treasurer of the retirement funds, as well as more than 400 other state funds.

bIogrAPhICAl SkeTCh

Wife’s name: Carol; four children. Bachelor’s degree, accounting; J.D., university of Notre Dame.

andy Dillon was appointed michigan’s 44th state treasurer by Gov.rick snyder. Prior to being appointed treasurer, Dillon served three terms in the michigan house of representatives, where he was elected by his colleagues to serve as speaker of the house during his final two terms.

Prior to achieving elected office, treasurer Dillon served as the managing director of Wynnchurch Capital, vice president of Ge Capital, and worked as a financial analyst at Wr Grace. in addition, treasurer Dillon practiced law for seven years.

ANdy dIlloNmIChIgANSTATe TreASurer


AbouT The TreASury

bureau of Investments (75 employees): Performs all investment functions on behalf of the state treasurer for four state defined benefit retirement funds with assets of $50.5 billion and 530,837 members, retirees and beneficiaries. also responsible for investing state operating, trust and agency funds with assets of $11.5 billion.

Chief deputy Treasurer (1,262 employees): the chief deputy treasurer oversees all operations within the Department of treasury, including deputy treasurers for tax administration, investments, local Government, state finance authority and financial and administrative services. the chief deputy trea-surer also oversees the office of Communications.

Tax Administration (854 employees): responsible for administering, collecting, refunding, auditing and enforcing state of michigan tax laws, including income, sales, use, corporate income tax, motor fuel, real estate transfer and 37 other miscellaneous taxes. the tax Processing Bureau processes all tax types and handles all levels of taxpayer inquiries; the tax Compliance Bureau administers all audit and discovery functions; the Bureau of tax Policy coordinates the development of tax policy; the office of tax imple-mentation manages implementation of new taxes and conversion of legacy tax processing systems into an integrated system; and the office of revenue and tax analysis is responsible for all revenue projections, including the revenue impact of various proposals and changes in economic conditions.

State and Authority Finance (100 employees): this office oversees all state and authority bonding programs within the department, coordinates the issuance of state and authority bonds and notes, oversees statewide cash management and assists with managing the state’s Common Cash fund. it also acts as the liaison between the federal government and state departments that are required to comply with the Cash management improvement act for drawing federal funds. it performs fiscal oversight responsibilities for various bond issues and public finance programs, administers the school Bond loan Program, the michigan finance authority, the michigan education trust Program and the michigan education savings Program. it manages outstanding portfolios of loans and bond trusts made under federal and state higher education loan programs, operation of the michigan Guaranty agency and administers 13 student scholarship and grant programs that provide michigan residents with access to higher education opportunities.

local government Services (69 employees): this bureau oversees local and state assessed property tax administration, various tax exemptions, tax reversion, approves local borrowing, reviews the certified audits of local units, audits tax increment financing plans and industrial facilities taxes, advises and supervises finan-cially troubled local units, conducts financial audits of local units and provides staff services for the state tax Commission.


the state treasurer acts as principal advisor to the governor on tax and fiscal policy issues. the trea-surer is the chairperson of the michigan education trust and the michigan finance authority. he serves as sole investment fiduciary to the judges, public school employees, state employees and state police retirement funds. the state treasurer also serves as treasurer of the retirement systems, the legislative retirement system and the mackinac Bridge author-ity. the state treasurer is a member of the following boards, commissions, and task forces: local emergency financial assistance loan Board, michigan early stage venture investment Corporation, michigan economic Development Corporation Corporate Board, michigan economic Growth authority, michigan Judges/state employees/state Police retirement Boards, michigan state housing Development authority, michigan strategic fund and the state administrative Board.


400 Centennial Bldg.658 Cedar st.st. Paul, mN 55155

tel: 651-201-8011fax: 651-797-1300email: [email protected]: www.mmb.state.mn.us

Selection Method: appointed by the GovernorTerm Length: Pleasure of the GovernorTerm Limit: Pleasure of the GovernorServed: since January 2011Next Election Year: Not applicableSalary: $108,000

key STAFF

Kristin Hanson, assistant Commissioner of the treasury [email protected]

Cindy Farrell, treasury operations Director651-201-8098

Marcia Hansen, executive [email protected]

oFFICe oF The TreASury dIvISIoN


the treasury division is responsible for cash manage-ment, the state’s internet payment system, issuance of state general obligation and appropriation bonds and certain revenue bonds, selection of state depositories, gross receipts and disbursement accounting, redemption of state warrants, safekeeping of bank and brokerage collateral management, administration of capital leasing programs and management of debt service payments. the treasury division notifies the state Board of invest-ment of funds available for investment and handles all banking and brokerage transactions for the board.

bIogrAPhICAl SkeTCh

Born in monroe, Wis. Currently resides in st. Paul. Wife’s name: stephanie, two children. Bachelor’s degree, economics, macalester College; m.P.P., Kennedy school of Government, harvard university.

Prior to his appointment, Commissioner schowalter served as deputy commissioner and state budget director. Before coming to minnesota, he worked as regional economist at the Boston regional office of the u.s. Department of housing and urban Devel-opment and as budget officer at the u.s. office of management and Budget.

jIm SChowAlTermINNeSoTACommISSIoNer oF mANAgemeNT & budgeT


AbouT The oFFICe

Administration (2 employees): responsible for gen-eral administrative functions of the treasury division.

banking (6 employees): Coordinates all monies paid through the state treasury. the state treasurer accounts for daily deposits of all state receipts in more than 500 bank accounts before consolidating cash in the appro-priate state depository bank for subsequent investment. all accounts are examined daily and drawn down to prescribed levels, with the excess funds being made available to the state Board of investment. the treasury division redeems and reconciles and provides payments to banks for all warrants issued and provides reports concerning the status of all paid warrants. also, the treasury division is responsible for the settlement of the state’s electronic financial transactions, such as direct deposit payments and wire transfers. in addition, the division is responsible for administering credit card processes which are used throughout state government. the securities unit maintains inventory and services all state and investment fund securities.

bond management (3 employees): issues general obligation, appropriation and certain revenue bonds, manages capital leasing programs, selects state depos-itories, monitors state’s capital investment guidelines and ensures compliance with the state constitution and statutes and laws and federal rules and regulations.


the Commissioner of minnesota management and Budget is on the following boards: investment advisory Council, agriculture and economic Development Board, rural finance authority, Workers’ Compensation reinsurance association and Public facilities authority.


P.o. Box 138Jackson, ms 39205-0138

tel: 601-359-3600fax: 601-576-4495email: [email protected]: www.treasurerlynnfitch.com


key STAFF

Laura Jackson, Deputy treasurer, external [email protected]

Jesse Graham, Deputy treasurer, internal [email protected]


Total Number of Employees: 39Size of Treasury Annual Budget: fY 2013 $4.7 millionSize of Portfolio Managed by Treasury: $3,319,521,423.59 (as of 6-30-12)

the mississippi state treasurer operates the state’s largest banking system, managing over $9 billion in annual revenues, with treasurer lynn fitch serving as the state’s Chief financial officer. the office of the state treasurer is responsible for the issuance of state debt, the timely payment of principal and interest on the state’s bond and note obligations and for the receiving, disbursing and investing of state funds. the state treasurer also acts as custodian of the state’s unclaimed property, processes and pays all warrants issued by the state in payment of its obligations and administers the mississippi Prepaid affordable College tuition Program and the mississippi affordable College savings Program.

bIogrAPhICAl SkeTCh

lynn fitch was sworn in as mississippi’s 54th treasurer on Jan. 5, 2012 as the first republican woman to hold that office, and as only the second female in mississippi history.

a native of marshall County, treasurer fitch was raised in holly springs. she attended the university of mississippi in oxford, where she earned both a bachelor’s of business administration and a Juris Doctorate in five short years. after graduating at the age of 23, fitch began practicing law as a special assistant attorney General with the mississippi attorney General’s office, representing financial and economic development state agencies.

treasurer fitch believes strongly in ideas of limited and efficient government and has spent much of her professional life working hard to ensure tax-payer dollars are used in an effective and transparent manner. treasurer fitch had a goal to start working on day one, to make mississippi a more financially stable environment and she has kept that promise. another major goal she is currently working toward is to implement financial literacy for our children. Developing the financial education of our children creates a much stronger and better skilled work-force, which in turn prepares them for the jobs of tomorrow.

in 2009, treasurer fitch was selected by Gov.haley Barbour to serve as executive Director of the mis-sissippi state Personnel Board (msPB). Prior to her

mISSISSIPPISTATe TreASurer

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lyNN FITCh


time as msPB, fitch served as Deputy executive Director of external affairs at the mississippi Department of employment security. she has also been a bond lawyer in private practice, with a focus on general and municipal bonds. treasurer fitch served as counsel for the mississippi house of representatives, Ways and means Committee and local and Private legislation Committee.

treasurer fitch has three passions of life; her faith, her family and giving back to others. she has been recognized for her philanthropic and charitable contributions across the state.

treasurer fitch has also been recognized for her professionalism and leadership abilities. she was named one of the 50 leading Businesswomen in mississippi and was selected for the inaugural class of leadership in law by the mississippi Business Journal. she was recently selected as the outstand-ing Woman lawyer of 2012 and recognized by the mississippi Bar as a Woman trailblazer. she attended harvard’s Business school of management and leadership Development Program. she has been active in several professional associations including the National association of state treasurers and the mississippi Bar association. she currently serves on the Board of Goodwill industries, the american red Cross and is president of the Juvenile Diabetes research foundation in Jackson.

treasurer fitch has three children and one grandson.

College Savings (5 employees): administers both College savings mississippi 529 plans which include the mississippi Prepaid affordable College tuition (mPaCt) program and the mississippi affordable College savings (maCs) program.

Investment and Cash management (5 employees): oversees, manages and invests all funds of the state, including various state agency funds and trust funds.

unclaimed Property (7 employees): administers the unclaimed Property act which includes collecting and posting forgotten funds (cash, checks and stocks) from holders (financial institutions and other companies that are holders of money) and then attempting to locate the rightful owners.

Finance and Accounting division (7 employees): maintains accounting records for approximately 75 treasury funds, mississippi agency accounting Policies and Procedures, and disbursement of diversions. the division is also responsible for the development of the treasurer’s budget request and purchasing of office supplies and equipment.

Information Technology (5 employees): the informa-tion technology Division supports all divisions of the agency and interfaces with other agencies and banks as required. this department also supports the computer resources necessary to accomplish the mission of the office of the state treasurer.


the mississippi state treasurer currently serves as chairman of the investment Committee and as a member of the Board of Directors of the Public employees’ retire-ment system (Pers) of mississippi and the mississippi Windstorm underwriting association. the treasurer also serves as Chairman of the Board of Directors of College savings Plans of mississippi and the mississippi health Care trust fund.

AbouT The TreASury

executive and Administration (5 employees): responsible for administration and support services for all divisions including warrant payment and reconciliation, technology infrastructure, verification of the receipt of funds transmitted daily to the office of the state treasurer from the Department of finance and administration and the daily reconciliation of the cash balance in the state treasury. this division is also responsible for the preparation of the trea-surer’s statement of Condition and preparation of the monthly payroll.

bond and Collateral management (5 employees): responsible for the management of general obligation and revenue bonds issued by the state. oversees the collateralization process for all institutions approved as a public depository in the statewide Public funds Collateral Program.


rm. 229, state CapitolP.o. Box 210Jefferson City, mo 65102

tel: 573-751-2411fax: 573-751-9443Website: www.treasurer.mo.gov

Selection Method: Constitutional—elected by the PeopleTerm Length: four YearsTerm Limit: two termsServed: since January 2009Salary: $107,746.32

key STAFF

Angie Heffner Robyn, Deputy state [email protected]

Sarah Swoboda, legal [email protected]

Meghan Lewis, Communication [email protected]

Debbie Schertzer, executive [email protected]


Total Number of Employees: 50Size of Treasurer’s Annual Budget: $2,711,068Size of Portfolio Managed by Treasurer: $3,600,000,000

missouri state treasurer Clint Zweifel is the state’s chief financial officer. treasurer Zweifel manages missouri’s annual state revenues, directs the state’s banking services and manages the state’s investment portfolio. treasurer Zweifel safeguards more than $700 million in unclaimed property that has been turned over to the state by banks, businesses, insurance companies and government agencies, and tries to locate the owners. treasurer Zweifel also serves on the management boards of a number of public entities. treasurer Zweifel oversees most—missouri’s 529 College savings Plan.

bIogrAPhICAl SkeTCh

Born Nov. 3, 1973, in st. louis and raised in nearby florissant, mo. Currently resides in Columbia. Wife’s name: Janice; two children. B.a., political science; m.B.a., university of missouri—st. louis. Democrat.

treasurer Zweifel was sworn in as missouri’s 45th state treasurer on Jan. 12, 2009. treasurer Zweifel became missouri’s youngest state treasurer in more than a century. he was re-elected for his second and final term as treasurer in November 2012.

upon taking office, treasurer Zweifel focused on creating and retaining missouri jobs and reinvest-ing in communities by championing his 2009 jobs and economic development legislative package. in 2010, treasurer Zweifel successfully passed legislation that protects military medals found in unclaimed property ensuring that they are never sold. he also implemented online claim filing and email notifications for individuals with unclaimed property in missouri. in 2011, treasurer Zweifel announced a new contract for most 529 saving missourians more than $23 million.

Prior to serving as state treasurer, Zweifel rep-resented the 78th District in the missouri house of representatives for six years, first winning election in 2002.

ClINT zweIFelmISSourISTATe TreASurer


AbouT The TreASury

Administration: administrative staff are responsible for drafting and reviewing proposed legislation affecting the state’s finances and programs managed by treasurer Zweifel, conducting policy analysis, providing outreach to constituents and responding to constituent inquiries, media relations and marketing the missouri linked Deposit Program, most—missouri’s 529 College savings Plan and other programs to businesses, community groups, financial institutions and citizens in missouri.

banking: as missouri’s Cfo, treasurer Zweifel authorizes all payments and balances all accounts. While his office is not a bank itself, to protect taxpayers’ money, treasurer Zweifel maintains a separate accounting system to provide a check and balance on the state accounting system and distribute investment earnings to the proper funds. treasurer Zweifel contracts with missouri banks to process the state’s receipts and disbursements, handle money and security transfers, report on the state’s accounts, balance and payment activities and provide related banking services. Bidding for banking services contracts is open to all missouri banks.

Investments: treasurer Zweifel has an average of $3.6 billion invested daily, earning millions of dollars in interest income each year for missouri taxpayers. he determines the amount of state funds not needed for current operating expenses and invests those funds in interest-bearing time deposits in missouri banks, u.s. treasury and federal agency securities, repurchase agreements, banker’s acceptances and top-rated com-mercial paper. safety is treasurer Zweifel’s number one priority in the investment of the public’s funds.

missouri linked deposit Program: treasurer Zweifel administers the state’s $720 million missouri linked Deposit Program. under this program, treasurer Zweifel helps missouri lenders provide low-interest loans for qualified borrowers under the agricultural, job creation, small business or other authorized categories.

moST—missouri’s 529 College Savings Plan: treasurer Zweifel administers most—missouri’s 529 College savings Plan. the state offers both a direct plan, which is available to all individuals, and an advi-sor plan, which is available to investors via a broker.

unclaimed Property: treasurer Zweifel administers $700 million in unclaimed property belonging to 4.3 million account owners. state law requires financial institutions, insurance companies, public agencies and other business entities to turn over assets to treasurer Zweifel’s office that belong to a customer, client, employee or other owner if there have been no docu-mented transactions or contact with the owner for five or more years. most unclaimed property consists of cash from bank accounts, stocks, bonds and contents

of safe deposit boxes that have been abandoned. it also can include uncollected insurance policy proceeds, government refunds, utility deposits and wages from past jobs.

oTher ProgrAmS

treasurer Zweifel is responsible for the reissuance and replacement of checks, which he issues.


treasurer Zweifel serves on the management boards of four public entities and plays an important role in ensuring that their funds are managed and invested in a responsible manner. these boards are: missouri housing Development Commission, which uses resources to provide quality affordable housing for missourians; missouri state employees’ retirement system, which manages retirement funds for more than 56,000 state employees and retirees; the Board of fund Commissioners, which issues, redeems and cancels state general obligation bonds and other debt; and the missouri higher education savings Board, which oversees most—missouri’s 529 College savings Plan. treasurer Zweifel also serves on the missouri Cultural trust Board.


state Capitol, suite 2005lincoln, Ne 68509

tel: 402-471-2455fax: 402-471-4390email: [email protected]: www.treasurer.org


key STAFF

Jason Walters, Deputy [email protected]

Meaghan Aguirre, assistant treasurer, Director of unclaimed [email protected]

Rachel Biar, assistant treasurer, Director of College savings Plan and long-term [email protected]

Charles Luginbill, assistant treasurer, Director of information [email protected]

Charlotte Scott, assistant treasurer, Director of treasury [email protected]

Troy Reiners, assistant treasurer, Director of Nebraska Child support Payment [email protected]

Marilyn Marino, administrative [email protected]

Jana Langemach, executive assistant and Director of [email protected]



the Nebraska state treasurer is responsible for treasury functions, unclaimed property, the Nebraska educational savings Plan trust, Nebraska long-term Care savings Plan and the centralized receipt and disbursement of all child support payments. the treasurer also serves as treasurer for the university of Nebraska and Nebraska state Colleges and as an ex-officio non-voting member of the Nebraska investment Council.

bIogrAPhICAl SkeTCh

a native of tekamah, Neb., treasurer stenberg now resides in Gretna, Neb. Wife’s name: sue; four children and nine grandchildren. Bachelor’s degree, university of Nebraska; mBa, harvard Business school; JD, harvard law school. republican.

treasurer stenberg practiced law in lincoln, Neb., until 1979 when he was named legal counsel for the Governor of Nebraska. he later served as director of the Governor’s Policy research office, assistant to the Governor and director of the Department of administrative services. he served as attorney General from 1991 to 2003. he was the first Nebraska attorney General in more than 40 years to argue a case before the u.s. supreme Court.

treasurer stenberg is a founding member of the republican attorneys General association and is a member of the Washington legal foundation Policy advisory Board.

doN STeNbergNebrASkASTATe TreASurer


AbouT The TreASury

Administration (10 employees): in addition to the treasurer and deputy treasurer, the administrative staff consists of administrative and executive assistants and the it staff.

Treasury management (8 employees): maintains 45 demand deposit accounts generally located in the vicinity of state facilities collecting funds around the state. Duties include cash forecasting, bank account analysis and reconciliation as well as statistical reporting. the treasurer is responsible for posting of accounting documents for recording of all state receipts. the treasurer’s office reconciles all bank records to state accounting records. the treasurer determines a net cash position daily and informs the Nebraska investment Council of excess funds available for investment. the treasurer has custodial responsibility for all investments of state funds. the department also bids and manages the following statewide contracts: credit card, aCh, atm, fleet card, stored-value card (branded pre-paid cards), purchasing card and internet Bill Payment Consolidation services. treasury staff members complete required statutory transfers and manage the mutual finance organization rural fire district assistance program.

College Savings (1 employee): the treasurer is respon-sible for administration of the Nebraska educational savings Plan trust.

unclaimed Property (6 employees): the treasurer administers Nebraska’s unclaimed Property act, which mandates the collection, safeguard and return of unclaimed property to its rightful owners.

oTher ProgrAmS

Child Support (21 employees): the treasurer is responsible for a statewide, centralized, high-speed image lockbox processing center for the collection and disbursement of child support and related court-ordered payments to comply with the federal mandate.

long-Term Care Savings Plan: the treasurer admin-isters the long-term Care savings Plan.


the Nebraska state treasurer serves as a member of the Nebraska investment Council, the state Board of Canvassers, the state records Board, the invest Nebraska Board, the Convention Center financing assistance Board, and the Child support advisory Commission. the treasurer is the program trustee for the Nebraska educational savings Plan trust and administers the mutual finance organization Program that provides financing for fire districts.


Capitol Building101 N. Carson st., #4Carson City, Nv 89701

tel: 775-684-5600fax: 775-684-5623email: [email protected]: www.nevadatreasurer.gov

Selection Method: Constitutional—elected by the PeopleTerm Length: four YearsTerm Limit: two termsServed: since January 2007Reelected: 2010Salary: $102,898

key STAFF

Mark Mathers , Chief Deputy treasurer775-684-5757

Steve George, Chief of staff775-684-5666

Sandy Dombrowski, executive assistant775-684-7109



the Nevada state treasurer receives, inventories and safeguards all monies of the state and disburses all public money under warrants drawn upon the treasury. the treasurer is responsible for issuance of any obligation authorized on behalf and in the name of the state (with few exceptions), and serves as the primary representative of the state in matters related thereto. the treasurer establishes and operates invest-ment programs for all available state funds, which include, but are not limited to: the General investment Portfolio, local Government investment Pool, Prepaid tuition Program, Nevada College savings Plans and the Permanent school fund. the treasurer also administers the state’s unclaimed property program.

bIogrAPhICAl SkeTCh

Born July 22, 1959 in san francisco. Currently resides in reno with her two children. B.a., political science and english, university of California Berkeley; J.D., university of California Berkeley, Boalt hall school of law. Democrat.

Prior to being elected state treasurer, Kate marshall was an attorney in private practice representing clients before federal and state agencies in the areas of antitrust and competitive market analysis. Prior to that, treasurer marshall worked at the u.s. Department of Justice, antitrust Division, where she was an antitrust lawyer specializing in financial markets, telecommunications and computer mar-kets analysis. treasurer marshall used this experience to establish an antitrust Division for the Nevada attorney General, where she served as senior Deputy attorney General. in this role, treasurer marshall led a team of attorneys, financial experts and administrators to streamline and modernize Nevada’s antitrust statutes.

treasurer marshall has also served in the Peace Corps, teaching english and commerce in the rural outback of Kenya.

kATe mArShAllNevAdASTATe TreASurer


AbouT The TreASury

Administration (4 employees): responsible for budget preparation and analysis, audit responses, personnel administration and support services.

bond management (2 employees): responsible for bond programs including issues, payment of debt and records maintenance.

Cash management (11 employees): Duties include forecasting, bank account analysis and reconciliation and statistical reporting.

College Savings (9 employees): administers the Prepaid tuition, millennium scholarship and Nevada College savings programs.

Investment (4 employees): responsible for evaluating, purchasing, recording and reconciliation of investment activities.

unclaimed Property (12 employees): responsible for ensuring that all businesses and government entities report and remit unclaimed or abandoned property with the purpose of reuniting lawful owners or heirs with their property.

oTher ProgrAmS

web design, database management (2 employees): Develop and maintain the treasurer’s web pages and sites, databases and computers.


additional responsibilities of the state treasurer include: member of the Board of finance; chairman and president of the Nevada real Property Corporation; member of the executive Branch audit Committee; administrator of the municipal Bond Bank, the fund for a healthy Nevada; ex-officio state disbursing officer for the federal government; and chairman of the Board of trustees of the College savings Plans of Nevada and of the Nevada Capital investment Corporation.


25 Capitol st., rm. 121Concord, Nh 03301-6399

tel: 603-271-2621fax: 603-271-3922email: [email protected]: www.nh.gov/treasury/

Selection Method: Constitutional—elected by the legislatureTerm Length: two YearsTerm Limit: NoneServed: since January 2007Next Election Year: 2012Salary: $104,364

key STAFF

Rachel Miller, Chief Deputy treasurer603-271-2621

Bill Dwyer, Deputy treasurer603-271-2621


Total Number of Employees: 22Size of Treasury Annual Budget: $176 millionSize of Portfolio Managed by Treasury: $500 million

the state treasurer is responsible for cash manage-ment, including general operating accounts and trust funds, vendor/payroll disbursement processing, debt management, including contingent debt, abandoned property administration and the state’s college savings plans.

bIogrAPhICAl SkeTChBorn aug. 25, 1963 in Concord, mass. Currently resides in merrimack. husband’s name: Gary; two children. B.s., accountancy, Bentley College; m.B.a., southern New hampshire university.

treasurer Catherine Provencher serves as the Council of state Governments appointee to the Governmental accounting standards advisory Council (GasaC). she recently served as the eastern regional vice President of the National association of state treasurers (Nast), the executive committee of the College savings Plans Network and chaired Nast’s Banking, Cash management & short-term investments Committee. she is a member in good standing of the american institute of Certified Public accountants.

Before being elected state treasurer, Provencher was employed by the New hampshire office of legislative Budget since 1985. she served as the office’s Director of audits from 1997 through 2006. treasurer Provencher was chairwoman of the New england Governmental audit forum and participated through the National audit forum as a member of a strategic Planning Knowledge sharing Group.

in 2006, treasurer Provencher was awarded the Caroline Gross fellowship for Persons active in New hampshire Public service attending harvard university’s Program for senior executives in state and local Government.

CATherINe A. ProveNCherNew hAmPShIreSTATe TreASurer


AbouT The TreASury

Administration (7 employees): responsible for gen-eral management, legislation, department policy and personnel. in addition, the office is responsible for the formation of department operating budgets and review of daily operating expenses and revenues. additional duties include computer systems administration, systems design and support for internal network and interface with state’s mainframe.

banking (6 employees): Duties include account reconciliation, approval of accounting documents for recording of all state cash receipts and processing daily vendor and payroll disbursements.

bond management (2 employees): responsible for bond management functions and issuing all state debt. additional duties include analyzing debt levels and coordination of independent agencies’ borrowing activity.

Cash management (1 employee): oversight of daily funding of operating accounts. analyzes cash flow requirements and invests surplus funds.

College Savings (1 employee): serves as permanent secretary and member of the College tuition savings Plan advisory Commission and acts as sole trustee of the state’s two 529 plans. the commission developed and oversees the administration of the uNiQue invest-ing Plan and the fidelity advisor 529 Plan.

unclaimed Property (5 employees): administration of abandoned property holder reporting and claims processing activity.


the state treasurer serves as a member of the following: New hampshire retirement system, College tuition savings Plan advisory Commission, New hampshire municipal Bond Bank, Board of trust Company incorpo-ration, Cannon mountain advisory Commission, Deferred Compensation Commission, Nuclear Decommissioning finance Committee, New hampshire Business finance authority, Public Deposit investment Pool, school Building authority, and the Japanese Charitable fund. the treasurer is administrator of the seabrook Nuclear Decommissioning trust and sole trustee of the 529 College savings Plan.

treasurer Provencher is actively involved in volunteer work in her hometown and serves on several local non-profit boards within the state.


Department of the treasuryP.o. Box 002trenton, NJ 08625-0002

tel: 609-292-6748fax: 609-984-3888Website: www.state.nj.us/treasury

Selection Method: appointed by the GovernorTerm Length: Pleasure of the GovernorTerm Limit: Pleasure of the GovernorServed: since January 2010Salary: $141,000

key STAFF

Robert Romano, Deputy state treasurer609-984-2512

David Ridolfino, associate Deputy state treasurer609-633-8185

Jim Leonard, Chief of staff609-633-6607

William Quinn, Communications Director609-633-6565

Sharon Alessi, executive assistant609-984-3955


Total Number of Employees: 3,259Size of Treasury Annual Budget: $459.4 millionSize of Portfolio Managed by Treasury: $71.7 billion

the Department of the treasury administers the state budget and plays a leading role in the daily opera-tion of New Jersey state government. the treasurer is supported by 3,259 employees who work in two dozen divisions and offices to deliver on four core mission areas: revenue collection and generation, asset man-agement, service to the public and local governments and statewide support services. the office of the state treasurer ensures the integration of the department’s various responsibilities, which range from taxation, the state lottery, public finance, all of state purchasing and state building management as well as the administra-tion and investment of all pension and health benefits plans and assets.

bIogrAPhICAl SkeTCh

treasurer sidamon-eristoff currently resides in Princeton. married; three children. Bachelor’s degree, Princeton university; J.D., Georgetown university.

treasurer sidamon-eristoff was confirmed by the state senate and sworn in as state treasurer on feb. 22, 2010. he served as acting state treasurer beginning Jan. 19, 2010, soon after Gov. Chris Christie announced his nomination.

treasurer sidamon-eristoff has been a leader in public sector budget, revenue and tax system administration. from 2003 to 2006, he served as Commissioner of the New York state Department of taxation and finance, the nation’s second largest state revenue administration. from 1999 to 2002, he was New York City Commissioner of finance. he was elected three times to the New York City Council, as a republican representing manhat-tan, where he served from 1993 to 1999. he also served as a legislative counsel in the New York state senate. Prior to entering public service, treasurer sidamon-eristoff was an associate at the law firm of Webster and sheffield, specializing in federal and state income tax planning and compliance.

Between the end of 2006 and the end of 2008, he performed a series of short-term consulting assign-ments for Chemonics international, an international development consulting firm, then executing a Business Climate reform Project in the republic of Georgia for the u.s. agency for international Development.

ANdrew SIdAmoN-erISToFFNew jerSeySTATe TreASurer


AbouT The TreASury

Capitol Post office (27 employees): Provides postal services to all state departments.

Central motor Pool (90 employees): operates and oversees the maintenance and repair facilities servicing state-owned motor vehicles and has legal ownership of all state vehicles and prescribes rules and regulations aimed at promoting efficient and effective use of the fleet.

Construction management Services (35 employees): Procures and administers all architectural, engineering design and construction services for new facilities, as well as the renovation and rehabilitation of existing facilities.

Contract Compliance and equal opportunity in Public Contracts (18 employees): monitors all public contracts awarded by state, county and local govern-ment agencies in New Jersey to ensure contractors, subcontractors and businesses afford equal employment opportunity in performance of their contracts for minorities and women.

distribution Center (52 employees): maintains a centralized warehouse and distribution center to per-mit bulk purchases for all state departments. Performs product testing and inspections and supervises the disposition of state surplus property.

employee relations (9 employees): Conducts negotiations with unions and other representatives of state employees and provides assistance to agencies concerning employee relations activities.

garden State Preservation Trust (1 employee): Coordinates New Jersey’s land and historic preservation goals and programs.

Investment (65 employees): manages investment of New Jersey’s Pension fund, which ranks among the nation’s top private and public pension funds, with assets of $66.8 billion on June 30, 2010. also manages other separate investment funds; with the largest being the state’s Cash management fund and the supplemental annuity Collective trust fund, a 403(b) plan. the Pension fund serves seven public retirement systems and provides benefits for more than 780,000 current and future retirees.

management and Administration (209 employees): Develops and exercises policy control over agency program planning and management, fiscal admin-istration, personnel management and technology management. Provides administrative support to the governor’s office, public advocate and other agencies.

office of management and budget (138 employees): Plans for the most beneficial use of fiscal resources to meet the needs of the citizens of New Jersey within the policy framework set by the governor in the imme-diate budget year. assures financial responsibility and accountability and provides current, relevant financial information for management and the public.

Pensions and benefits (291 employees): manages the state pension system and administers all employee benefit accounts.

Public Finance (5 employees): the office of Public finance oversees the issuance of debt. this office is the prime agency for all debt issuance and management as well as credit considerations affecting New Jersey in the capital markets. additionally, this office has re-sponsibility for the timely and accurate tracking and reporting of all state debt issuance and ensuring the timely payment of debt service.

Print Shop (20 employees): Provides centralized printing services to state agencies.

Property management Services (152 employees): Provides for the central management of the rental and lease of real property, disposal of surplus state real property and purchase of real property, and effective management of employee housing.

Purchase and Property (91 employees): serves as the state’s central procurement agency through the bidding and contracting of contracts valued at roughly $1.75 billion annually.

revenue (345 employees): oversees and coordinates collection and processing of revenues arising from state taxation, motor vehicle licensing and regulation and environmental protection laws and regulations. Provides revenue collection through integrated receipts process-ing and aggressive management of public accounts receivable.

risk management (49 employees): operates to reduce the adverse impact of catastrophic pure loss on state operations and budgets through a combination of risk management and loss prevention techniques.

State lottery (125 employees): Develops and markets a variety of entertaining and appealing lottery game products and promotions to consumers through a 6,100-member retailer network in order to maximize revenue generation to support education and institutions.

Taxation Services and Administration (1,413 employees): administers the tax laws of the state so that all properly due taxes are collected. unclaimed property manages the collection and distribution of unclaimed property in New Jersey.


P.o. Box 5135santa fe, Nm 87505

tel: 505-955-1120fax: 505-955-1195email: [email protected]: www.stonm.gov

Selection Method: Constitutional—elected by the PeopleTerm Length: four YearsTerm Limit: two termsServed: since December 2006Next Election Year: 2014Salary: $85,000

key STAFF

Marilyn Hill, Deputy state [email protected]

Alfredo Santistevan, special assistant to the [email protected]

Cindy Cordova, legal Counsel/Public information [email protected]



the two general functions performed by the state trea-surer’s office include managing banking services for the state and investing short-term funds. funds invested include the state’s general fund, state bond funds, debt service and a local government investment pool.

bIogrAPhICAl SkeTCh

Born Nov. 30, 1947, in roswell, N.m. Currently resides in albuquerque. four Children. B.s./B.a., Business administration, National College of Business; B.s., education, Bishop College; m.a., Public administration, university of New mexico; real estate Broker’s license, state of New mexico; Chief of staff Certificate, Duke university; minority leadership Certificate, university of virginia.

James lewis is the 29th treasurer of the state of New mexico. he had previously served as the 24th treasurer from 1985 to 1991. he is the first and only african-american appointed, and then twice elected to statewide office in New mexico.

Prior to his election in 2006, treasurer lewis served as Chief administrative officer and Chief operating officer for the City of albuquerque. he held the position of Chief of staff for Gov. Bruce King; Director/assistant secretary for the u.s. Department of energy; and Director of the oil, Gas and mineral Division of the New mexico Commission of Public lands. treasurer lewis was twice elected Bernalillo County treasurer prior to his appointment and election to state office.

treasurer lewis is a former toll fellow and a graduate of leadership New mexico. in 2008, treasurer lewis was named one of New mexico’s 100 influential Power Brokers by the New Mexico Business Weekly and he was honored for his public service by the albuquerque chapter of the links, inc. he is an inductee into the New mexico african-american hall of fame and the NaaCP hall of fame.

jAmeS b. lewISNew mexICoSTATe TreASurer


AbouT The TreASury

Administration: the executive office is responsible for overall policy, planning and organizational man-agement. the executive office staff is appointed by treasurer lewis to: provide leadership in carrying out treasury functions; ensure compliance with internal policies and procedures; provide legal counsel to the office of the treasurer; promote community awareness via media relations, marketing, and public records initiatives; and enhance internal and external customer service.

budget and Finance: manages budget preparation, accounting, procurement, contract administration, accounts payable and records management and coordinates the annual financial audit.

operations: oversees information technology, human resources and facilities management. the operations division provides cyber security, telecommunications services, disaster recovery planning, payroll process-ing, training, policy and procedure development and benefits administration.

Cash management: reviews, monitors and analyzes state agency funds, reconciles deposits, forecasts cash availability, performs transaction research and verifi-cation, processes returned items, conducts depository training, monitors fraudulent warrant activity and audits accounts.

Investment: manages the portfolios of the state’s general fund, bond proceeds investment pool and the local government investment pool. the division is also responsible for investment accounting, managing the linked Deposit Program and making statutorily authorized investments.

local government Services: the local Government investment Pool is a aaam s&P rated fund which invests short-term funds for all local public bodies offering competitive yields and low management fees. this is a part of the investment division.


the treasurer serves as a voting member of the state Board of finance, state investment Council, Public employees retirement association Board and the educational retirement Board. the treasurer also serves on the boards of the New mexico mortgage finance authority, New mexico educational assistance founda-tion, New mexico retiree health Care authority, New mexico small Business investment Corporation, the New mexico martin luther King, Jr. Commission, Capitol Buildings Planning Commission and the renewable energy transmission authority.


NYs Department of taxation and financeDivision of treasuryP.o. Box 22119albany, NY 12201-2119

tel: 518-474-4250fax: 518-435-2978email: [email protected]

Selection Method: appointed by Commissioner of taxation and financeTerm Length: Pleasure of the Governor/CommissionerTerm Limit: Pleasure of the Governor/CommissionerServed: since february 2002Next Election Year: Not applicable

key STAFF

Mary Jo Chase, Director—accounting operations518-474-4250

Karen O’Sullivan, manager—Banking relationships518-474-4250

MaryBeth Horowitz, manager—investments and Cash management518-474-4250

Marcia Agnew, administrative assistant518-474-4250


Total Number of Employees: 38Size of Treasury Annual Budget:Size of Portfolio Managed by Treasury: $4,000,000,000

the Division of the treasury provides financial services as the fiscal agent for various New York state public author-ities and also acts as the joint custodian of New York’s general checking account. the division provides financial services to programs such as excelsior linked Deposit Program, international fuel tax agreement, energy smart Program and the star local Property rebate Program. the division was instrumental in distributing over $71,000,000 from the World trade Center relief fund.

bIogrAPhICAl SkeTCh

Born march 27, 1955 in mechanicville, N.Y. Currently resides in Castleton, N.Y. Graduated from Green mountain College and lemoyne College. married with three children.

treasurer Brewer is the first woman treasurer in New York state’s history. Prior to being appointed state treasurer, aida Brewer served as deputy treasurer for nearly two years. Before becoming deputy treasurer, treasurer Brewer held positions with the treasury as an investment officer and assistant investment officer.

treasurer Brewer attended the National institute for Public finance at Northwestern university and completed the Department of taxation and finance’s administration training Program and mentor/Protégé Program. she also was a banking officer for Key Bank after completing the bank’s management training program. treasurer Brewer has served as a trustee of Green mountain College.

treasurer Brewer has served as treasurer of the northeast region of Nast and as chair of the Nast Banking and Cash management Committee.

AIdA m. brewerNew yorkSTATe TreASurer & dePuTy CommISSIoNer


AbouT The oFFICe

Administration (5 employees): manages administrative responsibilities of division. Duties include executive man-agement, human resources, budgeting, procurement, records management, payroll, administrative support, technology support and special projects administration.

banking (17 employees): reconciles bank accounts of various public authorities, maintains collateral for state deposits, and prepares dual-control general ledgers for accounts with the state comptroller. responsible for stop payments and re-issuance of unemployment benefits, income tax, the state’s vendor payments and payroll. annually, notifies uncashed state check holders of avail-ability of funds prior to its deposit into the state’s office of unclaimed funds.

Cash management (3 employees): responsible for maintaining daily cash position, investment manage-ment compliance and banking relations.

Investments (2 employees): maintains the investment of cash and operating funds of 14 public authorities. accounts are invested according to statutory parameters with rates determined by competitive bids.

revenue (3 employees): Prepares revenue for deposit into the state’s various bank accounts and allocates funds to cost centers. Prepares a daily reconciliation of deposited funds into the state’s general checking account.

warrants (8 employees): responsible for processing warrants, authorizing the issuance of these payments and for distributing all payments to vendors, state agencies or public authorities.


the treasurer serves on the boards of the New York state housing finance agency and affordable housing Cor-poration; the fiscal agent of NYs public authorities; and joint custodian of the state’s general checking account, as a designee of the Commissioner of taxation and finance. the treasurer is also a member of the executive leadership committee in the New York state Department of taxation and finance.


325 N. salisbury streetraleigh, NC 27603-1385

tel: 919-508-5158fax: 919-508-5167email: [email protected]: www.nctreasurer.com


key STAFF

Melissa Waller, Chief of [email protected]

Stephanie L. Scott, administrative [email protected]

dePArTmeNT oF The STATe TreASurer


the North Carolina state treasurer serves as the state’s banker and chief investment officer. the department provides fiscal assistance and expertise to local gov-ernmental units by assisting them in the sale of local government debt obligations and in maintaining good budgeting, accounting, reporting and other fiscal procedures. the department administers the public employee retirement systems for more than 800,000 North Carolinians, as well as the 401K and 457 plans for public employees. it also administers NC Cash, the unclaimed property database that holds nearly $400 million.

bIogrAPhICAl SkeTCh

Currently resides in raleigh. Bachelor’s degree, m.B.a., university of Pennsylvania.

Prior to serving as state treasurer, Janet Cowell was a member of the North Carolina senate, where she worked on protecting pensions, higher teacher pay and making education more afford-able. treasurer Cowell began her career in public service on the raleigh City Council. she previously worked as a financial analyst with hsBC Bank and lehman Brothers before making her home in North Carolina.

jANeT CowellNorTh CArolINASTATe TreASurer


AbouT The dePArTmeNT

Administration (21 employees): includes executive administration, personnel/human resources and departmental support services.

banking (11 employees): responsible for processing of paid warrants.

debt management (16 employees): Duties include management of local bond authorization, sale and debt service, as well as refinancing and debt manage-ment related to state bonds.

budget: (16 employees): handles budget preparation, maintenance and reporting, purchasing, accounts payable, accounts receivable and payroll.

Cash management: (4 employees): manages bank accounts, investment income, aCh payments and wire transfers.

Information Technology (48 employees): Charged with providing all the technology needs of the Department of state treasurer including: computer applications, desktop support, network support, security, telecommunications and business continuity.

Investment (28 employees): responsible for the investment of all portfolio funds, including short-term and long-term funds. invests in statutorily allowed vehicles including fixed income, stocks, real estate and alternatives (venture capital, hedge funds, private equity).

local government Services (20 employees): Provides technical assistance to local governments on fiscal matters.

retirement Systems/Pensions (163 employees): responsible for the administration of seven retirement systems and five employee benefit funds, for both retirees and active employees.

unclaimed Property (29 employees): Collects and finds rightful owners of escheated and abandoned property; includes an audit staff of nine.

State health Plan (46 employees): provides for the executive-level oversight of the health care benefits, programs and expenditures made available to active and retired teachers, state employees and their eligible dependents.

oTher ProgrAmS

bank Account reconciliation (4 employees): reconciles bank statements for all agencies and banks.

Supplemental retirement Plans (2 employees): responsible for the administration of 401K and 457 plans for active employees.


the treasurer serves on the Council of state, state Board of education, Board of Community Colleges, Capital Planning Commission and North Carolina housing Partnership. the treasurer serves as chairman and presiding officer of the local Government Commis-sion, teachers’ and state employees’ retirement system, local Governmental employees’ retirement system, firemen’s and rescue squad Workers’ Pension fund, North Carolina Capital facilities finance agency, North Carolina solid Waste management Capital Projects financing agency and the state Banking Commission. in addition, the department itself has numerous advisory boards including the local Government Commission, the North Carolina Capital facilities finance agency, the Board of trustees Governing the state and local retirement systems and the Board of trustees Govern-ing the North Carolina Public employee Deferred Compensation Plan.


600 east Boulevardstate CapitolBismarck, ND 58505-0600

tel: 701-328-2643fax: 701-328-3002email: [email protected]: www.nd.gov/ndtreas


key STAFF

Jeb Oehlke, Deputy state [email protected]

Lisa MacPherson, administrative [email protected]


Total Number of Employees: 7Size of Treasury Annual Budget: $1.8 million (biennial)Size of Portfolio Managed by Treasury: $4.0 billion

the office of state treasurer is responsible for the cash management and accounting of the general fund, as well as various trust funds. the state treasurer’s office provides ongoing investment services for state agen-cies. investment services are provided for the general fund, special funds and various trust funds. the state treasurer is responsible for the collection of various revenues as well as the tax distributions to over 500 political subdivisions.

bIogrAPhICAl SkeTCh

schmidt was elected North Dakota’s 33rd state treasurer in 2004, re-elected in 2008, 2012. treasurer schmidt has been committed to an administration focused on modernization, accuracy and transpar-ency. she believes strongly in ideas of limited and efficient government and has spent her tenure as treasurer working to ensure taxpayer dollars are used in an efficient and effective manner.

she has improved the technological infrastructure through the implementation of computer technol-ogy and training. the tax Distribution/outstanding Check system has increased accuracy and produc-tivity. she has worked to provide analysis, data and explanation to the public and assist legislators in achieving their goals as efficiently as possible, while limiting the cost to the taxpayer and maximizing the potential for investment revenue.

as state treasurer, schmidt serves as a member of the North Dakota state investment Board, the teachers fund for retirement Board (tffr), state Board of tax equalization, North Dakota state historical society, and the North Dakota Board of university and school lands.

treasurer schmidt was elected and served as Pres-ident of the National association of state treasurers (Nast) in 2011. in addition to her role as President, schmidt also secured North Dakota as the host state for the 2011 Nast annual Conference. she

kelly SChmIdTNorTh dAkoTASTATe TreASurer



is past Chair of the National association of state treasurer’s (Nast) foundation which oversees the educational activities of the foundation. she is a past member of the Board of Directors for the National Jump$tart Coalition and the american savings education Council. she is a founding member of the North Dakota Jump$tart Coalition. in 2009, the Council of state Governments named her a “toll fellow” for her achievement and service to state government.

Kelly and her husband, Chuck, have four sons and one grandson.

AbouT The TreASury

Administration (3 employees): responsible for receipt and deposit income for all state agencies, reconciles state accounts and supervises office staff.

budget (2 employees): Prepares state treasurer’s budget and monitors spending.

Cash management & Investment (3 employees): responsible for investment and management of state general and special fund monies.

local government Services (3 employees): Provides data and auditing to and for local political subdivisions.

banking (7 employees): North Dakota has the only state-owned bank in the nation. the state treasurer is required by law to place all general fund dollars at the Bank of North Dakota.


the state treasurer serves as a member of the North Dakota state investment Board, the teachers’ fund for retirement Board, the North Dakota Board of tax equalization, North Dakota state historical society, North Dakota state Canvassing Board and the North Dakota Board of university and school lands.


30 e. Broad st., 9th fl.Columbus, oh 43215

tel: 614-466-2160fax: 614-644-7313email: [email protected]: www.ohiotreasurer.gov

Selection Method: Constitutional—elected by the People Term Length: four YearsTerm Limit: two successive termsServed: since January 2011Next Election Year: 2014Salary: $109,985.92

key STAFF

Bill Bishilany, Deputy state [email protected]

Seth Metcalf, General Counsel and Chief financial [email protected]

Jennifer Day, Chief operating [email protected]

Angela Hawkins, Director of Communications and Community [email protected]


Total Number of Employees: 126Size of Treasury Annual Budget: approximately $41 millionSize of Investment Portfolio Managed by Treasury: approximately $12.1 Billion

the ohio treasurer of state is a constitutional office holder responsible for collecting, protecting and investing state funds using sound fiscal policy. serving as the state’s banker and chief investment officer, the treasurer oversees an office of approximately 126 employees. the powers and duties of the treasurer include, but are not limited to, managing the state’s investment portfolios, issuing ohio debt, acting as the safekeeping agent for the assets of the state pension funds and serving as custodian of over $187 billion of public money. the treasurer oversees the operations of the state treasury asset reserve of ohio (star ohio) investment pool to ensure that public agencies have access to a high quality, secure and diverse portfolio of investment options. through statutory authority, the treasurer works closely with local public funds managers, small businesses, farmers, local governments and banks to encourage an environment for economic growth and stability through linked deposit reduced rate loans and other programs. additionally, the office advances public and personal financial education for all ohioans.

bIogrAPhICAl SkeTCh

Bachelor’s degree, ohio state university; J.D., Case Western reserve university; investment Decisions & Behavioral finance program, harvard university.

Josh mandel was sworn in as the 48th state treasurer of ohio on Jan. 10, 2011. mandel is a marine intelligence veteran who served two tours in iraq and two terms as state representative from lyndhurst, representing the 17th ohio house District.

in the ohio house of representatives, treasurer mandel served as the ranking member of the financial institutions, real estate and securities Committee, and dealt with issues concerning banks, investment firms, pension funds and other financial matters. as a member of the house insurance Committee, he participated in the reconstruction of investment oversight for the multibillion-dollar Bureau of Workers’ Compensation investment fund. treasurer mandel was named legislative “Watchdog of the treasury” by the united Conservatives of ohio.

in 2003, treasurer mandel served as City Councilman in lyndhurst, ohio, where he introduced and led the fight for the first municipal property tax rollback in lyndhurst history.

inspired by a strong sense of duty to country, treasurer mandel enlisted in the u.s. marine Corps reserves in 2000, where he graduated first in his class from marine Corps Boot Camp and first in his class from marine Corps intelligence school. his marine Corps career spanned eight years, including two tours in anbar Province, iraq, as an intelligence specialist. During both tours he was awarded the Navy & marine Corps achievement medal for “superior performance of his duties.”

joSh mANdelohIoTreASurer oF STATe


AbouT The TreASury

the following is a list of the departments at the ohio treasury: accounting, administration and Policy, Com-munications and Community education, Center for Public investment management, Debt management, economic Development, human resources and fiscal services, information technology, internal audit, investments, legal, Public affairs, regional represen-tatives, revenue management and trust. a few of these departments are highlighted below.

Administration and Policy: manages all ohio treasury operations and directs all office-wide policies as they relate to the treasurer’s staff. the department also provides administrative support for the treasurer.

Communications and Community education: Coordinates internal and external communications involving the treasurer’s goals, services, initiatives and accomplishments. Provides access to financial literacy programs to help ohio citizens make more informed decisions about personal finances. responsible for various educational programs including programs designed to provide money management education to all citizens.

debt management: Provides industry best-practice debt management services over two primary functional disciplines: debt issuance and debt administration.

economic development: manages the ohio treasury linked deposit programs. Pursuant to statutory authorization, the state treasurer’s office invests up to 12% of the state’s portfolio in special projects that encourage an environment for economic growth and support the operations of ohio’s farmers.

Investments: manages three of the state’s multibillion-dollar investment portfolios. these portfolios include the state of ohio regular account (including the General revenue fund), the ohio lottery Deferred Prizes trust fund and star ohio. the investment Department staff is responsible for developing strategies designed to maintain target levels of safety, liquidity and return as directed by the treasurer’s investment Policy.

legal: responsible for all legal research, contract negotiations and handling of all legal matters for the treasurer’s office.

Public Affairs: represents the interests of the ohio treasury before the legislature. they provide public testimony on bills that impact the treasury’s opera-tion and programs. the division of constituent affairs responds to constituent and agency inquiries, as well as provides assistance and services to ohioans who have questions or issues on any topic.

regional representatives: regional representatives serve as the treasury’s first line of contact for all local entities in a specific geographical region. regional rep-resentatives promote the office’s linked deposit and education programs, as well as communicate policy decisions and successes in office. representatives build strong relationships with local officeholders, business owners, civic leaders and constituents.

revenue management: responsible for the collecting, processing and payment of state revenue, expanding the state’s use of electronic payments, and providing cash management services to state agencies. the de-partment includes the Cashiers Division, e-Payment Division and lockbox revenue Division.

Trust: the trust Department is comprised of two divisions: the compliance division and the trust operations division. the compliance division oversees the safekeeping of investments for various funds, including but not limited to state pension funds, the Bureau of Workers’ Compensation and the ohio tuition trust authority. the trust operations division is responsible for collecting all principal and income, ensuring the custodial bank’s records are in agreement with the treasurer’s investment accounting system and reviewing custody fee invoices to ensure accuracy. this division is also responsible for safekeeping securities for various state agencies and for ensuring sufficient and eligible collateral is pledged by all state depositories.


the treasurer serves as chair of the state Board of Deposit and is a member of the following entities: agricultural financing Commission, financial Planning and supervision Commission, ohio mine subsidence Board, ohio student tuition recovery authority and Petroleum underground storage tank release Com-pensation Board. the treasurer makes appointments to governing boards of the following entities: school employees retirement system, ohio Police and fire Pension fund, state teachers retirement system, ohio highway Patrol retirement system and the Public employees retirement system.


rm. 217, state Capitol Bldg.2300 N. lincolnoklahoma City, oK 73105

tel: 405-521-3191fax: 405-521-4994email: [email protected]: www.treasurer.ok.gov

Selection Method: Constitutional—elected by the PeopleTerm Length: four yearsTerm Limit: eight yearsServed: since January 2011Next Election Year: 2014Salary: $114,713

key STAFF

Susan Nicewander, Chief Deputy state treasurer for [email protected]

Regina Birchum, Deputy treasurer for Policy and Chief of [email protected]

Tim Allen, Deputy treasurer for Communications and Program [email protected]

Jayne Harrington, executive assistant and office [email protected]



the oklahoma state treasurer invests surplus funds and performs agency directed investments of funds for agencies, colleges and universities. the treasurer’s office processes state disbursements and deposits, collateralization of state funds on deposit, serves as paying agent on certain state obligations and manages the state’s agricultural, small business and rural and affordable housing linked deposit loan programs. the office is also responsible for administration of the state’s unclaimed property program and staffing the Boards of investors of the tobacco settlement endowment trust fund.

bIogrAPhICAl SkeTCh

Dr. Ken miller is the 18th state treasurer of oklahoma, serving since Jan. 10, 2011. he was elected with almost 67 percent of the vote in the 2010 General election.

as the state’s chief financial officer, miller protects and manages more than $22 billion of taxpayer money deposited each year, safeguards the financial health of the state and promotes responsible fiscal policy. he serves as chair or member on numerous boards and commissions including the state Pension oversight Commission, the oklahoma College savings Plan Board of trustees, the tobacco settle-ment endowment trust fund Board of investors and the state Board of equalization, which certifies funds available for the state budget.

miller holds a Ph.D. from the university of oklahoma, a m.B.a. from Pepperdine university and a bachelor’s degree in economics and finance from lipscomb university. his fields of specialization are applied public economics and public finance effects on economic growth. in addition to his duties as state treasurer, miller is a tenured economics professor at oklahoma Christian university, where he teaches at the graduate and undergraduate levels and has been honored with the “Who’s Who among american teachers” award and the merrick foun-dation award for excellence in teaching free enterprise.

keN mIlleroklAhomASTATe TreASurer



miller served six years in the oklahoma house of representatives, where he had 225 bills signed into law and led efforts to modernize state government and enhance transparency and accountability. miller served his last three years in the house as Chair of the appropriations and Budget Committee, where he guided oklahoma through the largest spending cuts in state history while maintaining the delivery of core government services.

miller took his reputation as a reformer and com-mon-sense fiscal conservative to the treasury where he continued to reduce waste and ineffi ciency by eliminating leased office space and consolidating the agency into one location in the state Capitol Building, cutting the agency’s operating budget and staff while increasing service delivery and output.

miller’s fiscal policy experience in both the exec-utive and legislative branches, combined with his credentials in economics and finance, led him to become an influential voice on major initiatives in areas of taxation, budget and incentives.

Prior to his election to the state legislature, miller served in the administration of Gov.frank Keating as chairman of the legislative Compensation Board where he established a 10-year freeze on legislative salaries that remains in effect today.

miller began his professional career in banking at first american National Bank before joining medi-fax-eDs, where he served as financial operations manager.

Cash management, Investments and Accounting (11 employees): manages general fund and agency fund portfolios of approximately $3.9 billion and $1.7 billion, respectively, monitors collateralization of state funds on deposit and administers linked deposit loan programs. includes back office operations such as cash management, bond management and agency-directed investments.

unclaimed Property (17 employees): employees recoup unclaimed property and reunite rightful own-ers with the property.

oTher ProgrAmS

linked deposit (0.5 employee): operates agricultural, small business and rural and affordable housing linked deposit programs.

Tobacco Settlement (1.5 employees): Provides staff support to Board of investors that manages and invests state’s tobacco settlement trust fund.


the treasurer serves as chairman of the oklahoma Col-lege savings Plan Board of trustees, oklahoma Pension oversight Commission and tobacco settlement Board of investors. he also is a member of the state Board of equalization and the oklahoma Capital improvement authority.

AbouT The TreASury

Administration (7.5 employees): manages the admin-istration of the office including policy development, legislation, budget, internal audit and personnel.

banking (9 employees): responsible for cashier oper-ation. Daily processing includes state warrants, deposits, eft for payments and receipts and master credit card contract processing.

bond management (0.5 employee): Duties include investing idle proceeds and, with select issues, perform paying agent services and bond interest and bond sinking funds are managed.

College Savings (1 employee): treasurer serves as the Chairman of the Board of trustees of the oklahoma College savings Plan.


159 state Capitol900 Court street Nesalem, or 97301

tel: 503-378-4329fax: 503-373-7051email: [email protected]: www.ost.state.or.us

Selection Method: Constitutional—elected by the PeopleTerm Length: four YearsTerm Limit: two termsServed: since march 11, 2010Next Election Year: 2016Salary: $72,000

key STAFF

Tom Rinehart, Chief of [email protected]

Penney Ryan, Director of executive services503-378-4329


Total Number of Employees: 86Size of State Treasurer’s Annual Budget: $16,839,879Size of Portfolio Managed by State Treasurer’s Office: $73 billion

the state treasurer is one of oregon’s three constitu-tional officers and is the state’s financial leader. the treasurer serves as the chief financial officer, prudently managing and investing more than $73 billion of taxpayers’ and pensioners’ money and trusts. the treasurer issues all state bonds and is responsible for more than $135 billion in central banking transactions for state agencies. the treasurer also administers the state’s 529 college savings network.

bIogrAPhICAl SkeTCh

Born aug. 31, 1962, in Portland, ore. Currently resides in Portland with his wife and daughter. B.a., economics, stanford university; m.B.a., Columbia university; m.P.P., John f. Kennedy school of Government at harvard university. Democrat.

a former manager at an investment firm and then the elected chief executive of multnomah County, Wheeler was appointed treasurer in march 2010. he was then elected in the November 2010 general election.

since entering office, Wheeler has directed several efforts to help make the state treasury a more efficient opera-tion, a more responsible investor and also more relevant to oregonians, including leading efforts to draft new economic development strategies for the state. he has proposed a permanent fund to help fund higher educa-tion and job training.

Wheeler has increased transparency of treasury data, pushed for money-saving technology changes, strength-ened investment travel rules and safeguards, authorized securities fraud lawsuits against firms that misled investors and announced a revamped 529 college savings plan with lower costs and more options for families. he launched a new consumer financial protection website, GuardYourmoney.org.

he also is committed to helping oregon families become more financially secure, to be a careful steward of state debt, to make smart investments to benefit the state and public trust fund beneficiaries and to advocate for reforms that will put the state on a more stable financial footing—which will improve oregon’s important credit rating.

his family has deep oregon roots. the town of Wheeler, located on Nehalem Bay on the oregon coast, is named after his great-grandfather.

Ted wheeleroregoNSTATe TreASurer


AbouT The TreASury

executive (21 employees): Coordinates policy development, strategic planning, legislative initia-tives, communications, internal auditing and human resource functions.

College Savings (2 employees): the state treasurer administers the oregon 529 College savings Network, which is comprised of three 529 college savings plans.

Finance (22 employees): the finance division is the central bank for all state agencies and is oregon’s larg-est financial institution. the division manages more than 24.7 million financial transactions annually—including cash deposits, electronic fund transfers and check issuances—with more than $135 billion flowing in and out of the division each year. the division provides an automated banking system to state agen-cies to help manage these activities. the division also administers the $10 billion oregon short-term fund, a short-term investment vehicle for state agencies’ and local governments’ idle cash.

Investment (19 employees): manages a portfolio with a market value of more than $73 billion, including the oregon Public employees retirement fund, the state accident insurance fund, the oregon short-term fund and numerous smaller funds such as the Com-mon school fund and the oregon Growth account.

debt management (7 employees): Provides central coordination for all state-issued debt, including more than $9 billion in general obligation and revenue bonds and certificates of participation. the division monitors local and national bond markets, as well as financial and economic trends that impact bond issu-ance structures and interest rates.

oTher ProgrAmS

Information Services (15employees): serves as the information technology management center for the oregon state treasury. the division designs, develops and maintains the technology infrastructure that supports the business operations of the office. it provides the network, applications, telecommunications and information technology services to conduct business between the state treasurer’s office and state agencies, local governments, banks and other financial firms.


the state treasurer or a treasury designee chairs or serves on: state land Board, oregon investment Council, oregon 529 College savings Board, oregon Growth account Board, oregon Board of education, oregon short-term fund Board, Private activity Bond Committee, state Debt Policy advisory Commission, oregon state Bond Committee, oregon municipal Debt advisory Commission and oregon facilities authority.


rm. 129, finance Bldg.harrisburg, Pa 17120

tel: 717-787-2465fax: 717-783-9760email: [email protected]: www.patreasury.gov

Selection Method: Constitutional—elected by the PeopleTerm Length: four YearsTerm Limit: two Consecutive termsServed: since January 2009Next Election Year: re-elected on November 6, 2012Salary: $155,797

key STAFF

John Lisko, [email protected]

Michael F. Smith, Deputy [email protected]

Marilyn Grace, executive [email protected]


Total Number of Employees: approximately 400Size of Treasury Annual Budget: approximately $31.7 million (fiscal year 2012–13)Size of Portfolio Managed by Treasury: approximately $16.1 billion (as of 6/30/2012)

the powers and duties of the treasurer involve the receipt and disbursement of funds by the commonwealth, as well as the deposit, investment and safekeeping of monies and securities belonging to the commonwealth. the treasurer serves as statutory custodian of the funds of virtually all state agencies, in which the treasurer is responsible for monitoring and safeguarding money and securities, collecting dividends and interest, executing securities transactions and handling daily settlements of trades. the Pennsylvania treasury is responsible for investing and making deposits of monies belonging to most state agencies. treasury disburses monies to be paid out by commonwealth agencies, only after auditing those payments. the treasurer is custodian of workers’ compensation funds, the state’s 529 college savings program, and unclaimed property that has been escheated to the state.

bIogrAPhICAl INFormATIoN

Born march 5, 1959. Currently resides in mont-gomery County. Wife’s name: leigh Jackson; two sons. Bachelor’s degree, economics and history, harvard university; m.B.a., Wharton school, university of Pennsylvania.

Prior to his election, treasurer mcCord co-founded the eastern technology fund and served as cofounder and managing director of Pennsylvania early stage Partners—a family of venture funds that invested in early-stage life-science and information technology firms. from 1994 through 1998, mcCord worked as a senior executive at safeguard scientifics, one of the first venture incubators of its kind, where he helped safeguard earn an annual return on capital of more than 50 percent per year. in addition to his work as a venture capitalist, from 1996 through 2007, treasurer mcCord led the eastern technology Council, a successful trade association that served hundreds of fast-growing and innovative companies and thousands of entrepreneurs.

earlier in his career, treasurer mcCord worked on Capitol hill for nearly a decade, where he special-ized in budget and technology issues. he also served as the Ceo of the bipartisan Congressional institute for the future, a think tank co-founded by former u.s. senators al Gore and John heinz.

rob mCCordPeNNSylvANIASTATe TreASurer


AbouT The TreASury

Cash management and Investments: Bureau directs, monitors and safeguards the state securities, bonds and other investments. it is responsible for the manage-ment of monies flowing in and out of state depository banks and investments of 150 state agencies, boards and funds. also, the bureau invests all excess revenue on a daily basis using short-term instruments. the banking division also handles daily settlements and pre-audit of trades of three pension funds.

College Savings: tuition account Program Bureau administers the Pennsylvania 529 College savings Program. the treasurer chairs the tuition account Program advisory Board.

Short-Term Investment: treasury’s iNvest program manages short-term investments of school districts, municipalities, counties, municipal authorities, fire companies, colleges, universities and public libraries.

unclaimed Property: the Pennsylvania treasury collects and safeguards unclaimed and abandoned property, while seeking the rightful owners.

oTher ProgrAmS

bureau of Communications: Keeps the public informed about important treasury programs, policies and initia-tives through the use of various communications media.

bureau of Contracts and Public records: maintains and supports Pennsylvania’s Contracts e-library, the publicly accessible internet-based database created in accordance with state right-to-Know law to provide information about state contracts valued $5,000 or more.

board of Finance and revenue: the board is com-posed of the treasurer as chairperson, the attorney general, the governor’s general counsel, the auditor general, the secretary of the commonwealth and the secretary of the department of revenue. the board is responsible for selecting depositories for state money, deciding state tax appeals and refunding state fuels tax to exempt entities.

bureau of Fiscal review: Pre-audits all expenditure requests.

bureau of human resources and Training: Personnel, labor relations, training, affirmative action, recruitment and organizational development for all treasury employees.

bureau of Information Technology Solutions: Provides information systems support to all treasury functions.

bureau of Internal Audits and Change management: internal consulting and auditing team that appraises and streamlines treasury work flows and processes, including evaluating internal controls, compliance with statute and policy, safeguarding of assets and accuracy of recorded and reported financial data. the bureau also is responsible for coordinating all external audits performed on the department.

bureau of legislative Affairs: liaison with the Penn-sylvania General assembly and u.s. Congress.

bureau of Support Services: maintains the automo-tive fleet, handles the mailing of six million documents annually and responsible for purchasing and distribut-ing all supplies, equipment and services required by treasury.

bureau of unemployment Compensation disbursement: annually processes and distributes approximately 23 million unemployment compensa-tion and state workers insurance fund payments (as of June 30, 2012). responsible for replacement of lost and forged checks and the storage and maintenance of unemployment compensation and state workers insurance fund checks.

Comptroller’s office: Prepares the department’s budgets, processed over 69 million payments totaling over $81 billion from July 2011 through June 2012, oversees the reconciliation of state bank accounts and maintains and reconciles all state funds, state and fed-eral appropriations, executive authorizations and revenue codes established by the governor’s budget office.

legal office: represents the treasurer and the Penn-sylvania treasury in any legal matters that may arise.


the treasurer is the chairman of the Board of finance and revenue, which selects banks to serve as state depositories; sets interest rates paid on commonwealth deposits; and hears and decides state tax appeals. the treasurer is also an ex-officio member of the following: Board of Commissioners of Public Grounds and Buildings; state employees’ retirement system Board; Public school employees’ retirement system Board; Pennsylvania municipal retirement Board; state Public school Building authority; Pennsylvania higher education facilities authority; Pennsylvania housing finance agency; tuition account Program advisory Board; state Workers’ insurance fund Board; Coal and Clay mine subsidence insurance Board; Delaware river Port authority; Port authority transit Corporation; Pa/NY Joint interstate Bridge Commission; Pennsylvania Community Development Bank operational Commit-tee; and the Pennsylvania Gaming Control Board (non-voting member).


rm. 102 state houseProvidence, ri 02903

tel: 401-222-2397fax: 401-222-6140email: [email protected]: www.treasury.ri.gov


key STAFF

Joseph Pratt, Chief of [email protected]

Joy Fox, Deputy Chief of staff—[email protected]

Mark Dingley, Chief legal [email protected]

Josh Brumberger, Deputy treasurer— Policy and financial [email protected]


Total Number of Employees: 82Size of Treasury Annual Budget: $33 millionSize of Portfolio Managed by Treasury: $8 billion

the general treasurer receives and disburses all state funds, issues general obligation notes and bonds, manages the investment of state funds and oversees the retirement system for state employees, teachers and some municipal employees. the treasurer is also responsible for the management of the unclaimed Property Division, the Crime victims Compensation Program, and the state sponsored 529 plan, College-Bound fund.

bIogrAPhICAl SkeTCh

rhode island General treasurer Gina m. raimondo, born may 17, 1971, is a native of smithfield, r.i. she is a graduate of harvard university and Yale law school, and was a rhodes scholar at oxford university. she resides in Providence with her husband and two children. elected in November 2010, raimondo dedicated her first year in office to redesigning rhode island’s state-administered public employee pension system. she worked for a decade as co-founder and general partner of Point Judith Capital. raimondo serves as vice chair of the Board of Directors of Crossroads rhode island, the state’s largest homeless services organization, where she played a key role in launching a new shelter for women.

gINA m. rAImoNdorhode ISlANdgeNerAl TreASurer


AbouT The TreASury

Administration: responsible for the accounting and reconciliation of all the state’s financial dealings, print-ing and distribution of state checks following approval by the state controller.

Cash management: responsible for the daily cash operations and the short-term investments for the state general fund and other special funds.

College Savings: responsible for CollegeBound fund, the state’s college savings plan, in conjunction with the rhode island higher education assistance authority. the investments of the plan are monitored by the state investment Commission, which the treasurer chairs.

Investment: Provides investment and cash manage-ment services to state government and certain state agencies. manages the state’s general obligation debt issues and the state’s pension fund.

retirement Systems/Pensions: the employee retirement system of rhode island provides retirement, disability, survivor and death benefits to state employees, public school teachers, judges, state police and munic-ipal employees who are employed by participating municipalities.

unclaimed Property: Collects abandoned tangible and intangible property from businesses under rhode island’s unclaimed property laws and acts as custodian for that property.

Crime victim Compensation Program: Provides assistance to victims of violent crimes.


the General treasurer serves as chair of the employees’ retirement system of r.i. , the r.i. state investment Commission and r.i. Public finance management Board. she serves on the Clean Water finance agency, rhode island housing and mortgages finance Cor-poration, rhode island higher education assistance authority and rhode island student loan authority.


P.o. Box 11778Columbus, sC 29211

tel: 803-734-2016fax: 803-734-2690email: [email protected]: www.treasurer.sc.gov

Selection Method: Constitutional—elected by the PeopleTerm Length: four yearsTerm Limit: NoneServed: since January 2011Next Election Year: 2014Salary: $92,007

key STAFF

Bill Leidinger, Chief of [email protected]

Dinah Raven, Deputy [email protected]

Amy Wright, executive [email protected]


Total Number of Employees: 61Size of Treasury Annual Budget: $5,784,285Size of Total Portfolio Managed by Treasury: $11,089,020,443.00

the state treasurer is charged with management of cash, issuance of debt and investment of all funds for the state. the treasurer also manages all state bank-ing activity, as well as administering the unclaimed property program and the state’s prepaid tuition and college savings plans.

bIogrAPhICAl SkeTCh

Born in Columbia. Currently resides in West Columbia. university of south Carolina.

Curtis m. loftis Jr.’s leadership and financial management skills were developed running a successful business before entering public service.

treasurer loftis has quickly changed the way government does business. he is a pioneer in government transparency in south Carolina, having served as the director of trans-parency in the comptroller general’s office in 2008. loftis maintained the state’s “transparency” website and worked to shed light on local and state government spending.

as treasurer, loftis has raised the bar on transparency by putting his entire work calendar online, becoming the first and only elected official in the country to do so. treasurer loftis also refuses a state-issued car, saving taxpayers money by driving his own car to and from work.

treasurer loftis began his public service career in 2007, serving as the director of the south Carolina office on aging.

treasurer loftis is the “private banker” for south Carolina. he is responsible for the investment, cash management and safekeeping of the state’s general and restricted funds and the assets of the south Carolina retirement systems.

treasurer loftis spent more than 20 years building a success-ful career in business before retiring from the day-to-day operations. in 2000, he founded and is the sole benefactor of the saluda Charitable foundation. the foundation focuses its giving on the education, nutrition and medical care of children, especially those with disabilities. saluda Charitable has served more than 300,000 meals, built a church, renovated schools and hospitals and sponsored medical missions and food pantries.

CurTIS m. loFTIS jr.SouTh CArolINASTATe TreASurer


AbouT The TreASury

Treasury management (16 employees): receives and disburses funds from all sources; distributes shared revenue to local subdivisions. manages and reconciles all bank accounts for the state, collects and transfers deferred compensation funds to the fund manager.

Administration (19 employees): responsible for administrative support to state treasurer and the office including budget, planning and accounting, human resources management, payroll, procurement, it support, legislative and constituent services, and internal audit.

bond management (5 employees): responsible for the issuance and maintenance of all state debt; main-tains the state’s lease purchase fund; provides advice and counsel on other debt related issues.

Cash management (1 employee): tracks the flow of cash revenues and expenditures, funding accounts as needed and reports balances to the investment divi-sion to take advantage of all current and anticipated deposits.

College Savings (2 employees): manages the state’s tuition prepayment and other 529 college savings plan.

Investment (6 employees): invests and manages state funds and fixed income portion of the state’s retirement portfolios. responsible for all accounting and reporting on these funds.

local government Services (1 employee): respon-sible for investment of the state’s local government investment pool, receiving and transferring funds to local governments as needed.

unclaimed Property (11 employees): maintains all files, processes all claims and receives all monies due to the state’s unclaimed property program.


the state treasurer along with the governor composes a portion of the five-member state Budget and Control Board. the state treasurer is also the treasurer of the tobacco settlement revenue management authority and has an advisory role on the Deferred Compensation Commission. the treasurer serves as chairman of the state Board of financial institutions and is a member of the state investment Commission.


500 e. Capitol ave.Pierre, sD 57501-5070

tel: 605-773-3378fax: 605-773-3115email: [email protected]: www.sdtreasurer.gov

Selection Method: Constitutional—elected by the PeopleTerm Length: four YearsTerm Limit: two termsServed: since January 2011Next Election Year: 2014

key STAFF

Rik Drewes, Deputy state [email protected]

Lee DeJabet, unclaimed Property [email protected]

Sandy Tillman, Cash [email protected]

Marianne Gabriel, supervisor of Banking/finance [email protected]

Anissa Grambihler, unclaimed Property Compliance [email protected]

Nancy Dulany, administrative [email protected]

Amy Kainz, [email protected]

Shanna Brech, unclaimed Property [email protected]


the state treasurer is the state’s chief banking official, serving as the receiver and custodian of all state funds. the office manages the state’s banking relationships and state fund transfers. its primary responsibility is as the depositor of all state public funds. the office also administers the state’s unclaimed property program, oversees repayment of certain student grant and loan programs and supervises local bank accounts held by various state agencies. the office also directs all aCh and wire transfers. the treasurer is a member of the state investment Council.

bIogrAPhICAl SkeTChfirst elected to state office in 2002, rich sattgast has been proud to serve the people of south Dakota as their state auditor and now as their state treasurer.

treasurer sattgast graduated from spearfish high school and later earned his B.s. in Political science and Business administration.

he has served 25 years in both the active and reserve armed forces. his military career includes service with the occupation force in Berlin in the 1980s, Desert storm in the 1990s and the National Guard and reserves.

rIChArd l. SATTgASTSouTh dAkoTASTATe TreASurer


AbouT The TreASury

Administration (1.5 employees): responsible for the operation of the state treasurer’s office.

banking (2 employees): oversees all public deposits and administers the state certificate of deposit program.

budget (.5 employee): responsible for accounting and inventory management within the state treasury, including the treasury management and the unclaimed property divisions.

Cash management (1.5 employees): Provides the south Dakota investment office with the total daily funds available for investment, accounts for economic development loans and manages warrants and disbursements.

unclaimed Property (3.5 employees): Property held or due to another person that has been unclaimed for a certain length of time must be reported and remitted to the state treasurer. the division then works to return the property to the rightful owner.


the state treasurer is a member of the state Board of finance, the south Dakota Public Deposit Commission, the state investment Council and the south Dakota heritage fund, the non-profit fundraising arm of the south Dakota historical society.


1st floor, state CapitolNashville, tN 37243-0225

tel: 615-741-2956fax: 615-253-1591email: [email protected]: www.tn.gov/treasury

Selection Method: Constitutional officer—elected by the legislatureTerm Length: two YearsTerm Limit: NoneServed: since January 2009; re-elected January 2011 and January 2013Next Election Year: 2015Salary: $187,452

key STAFF

Janice Cunningham, Chief of [email protected]

Joy Harris, Deputy Chief of [email protected]

Steve Curry, CPa—inactive, CeBs, CCm, first Deputy [email protected]

Rick Dubray, CPa, second Deputy [email protected]

Bill Abney, J.D.; ll.m., assistant treasurer for [email protected]

Christy Allen, J.D., assistant treasurer for legal, Compliance and [email protected]

Heather Sczepczenski, executive assistant to the [email protected]



major responsibilities include accounting for the receipt and disbursement of public funds; investing available cash balances; administering the tennessee Consolidated retirement system and investing the pension fund assets; administering the tennessee financial literacy Commission; operating the state’s unclaimed Property Program; administering the state employees Deferred Compensation Program; operating the state employees’ flexible Benefits Plan; administering the tNstars 529 College savings Program; and administering the staff of the Division of Claims administration and the risk management Division.

bIogrAPhICAl SkeTCh

raised in tennessee. Wife’s name: Patricia Newton; three children. B.a., J.D., university of memphis; ll.m. in taxation, university of florida. republican.

Before being elected treasurer by the tennessee General assembly, David lillard practiced law for 28 years in the fields of finance law, health law and tax law, including representation in equity and debt securities offerings. he also practiced municipal law, emphasizing the fields of economic development and municipal finance.

treasurer lillard was elected to serve as the secre-tary/treasurer of Nast for 2013 and is a member of the Nast executive Committee. he also serves as Chairman of the state Debt management Network (sDmN) and is a member of several other Nast committees.

he served as shelby County election Commissioner 1993–2002. treasurer lillard served as Chairman of the shelby County Board of Commissioners in 2007–2008, and as a shelby County Commissioner from 2002 to 2009. treasurer lillard was president of the tennessee County Commissioners associa-tion 2006–2007.

he is active in his community, serving organiza-tions including Christ united methodist Church in memphis and the tennessee intercollegiate state legislature foundation.

dAvId h. lIllArd jr.j.d., ll.m. IN TAxATIoN

TeNNeSSeeSTATe TreASurer


AbouT The TreASury

Administration (17 employees): Provides admin-istrative services necessary to direct or support the operations of the department including personnel, legal and audit functions.

Cash management (3 employees): responsible for the investment of state and local government funds in the local Government investment Pool; duties include managing the funds under the investment guidelines established by the state funding Board.

College Savings (3 employees): Division is responsible for administration of the tNstars 529 College savings Program. the plan was started in 2012 and has low fees that are on par with the top-rated plans in the nation and has fifteen investment options including an age-based option.

Investments (24 employees): responsible for invest-ment of and protection of pension fund assets of the tennessee Consolidated retirement system and other assets, including the state Pool investment fund (sPif) and the local Government investment Pool (lGiP).

retirement (58 employees): administers the tCrs, which covers over 200,000 active state employees, public school teachers, public higher education employees, and local government employees, as well as over 85,000 retirees. the division oversees the adminis-tration of the state’s Deferred Compensation Program, the operation of the optional retirement Program for higher education employees, the old age and survivors insurance Program, and the Concord Project which will replace the existing operating system.

unclaimed Property (12 employees): administers the uniform Disposition of unclaimed Property law.

Financial literacy Commission: Purpose is to serve as a clearinghouse for information regarding financial literacy resources in the state and to raise funds and to develop, manage, and implement plans and programs in order to promote financial literacy and college savings.

oTher ProgrAmS

division of Claims Administration (13 employees): investigates and determines claims against the state for personal injuries and property damages resulting from work-connected accidents and negligence of state officers and employees. also responsible for payment of criminal injury compensation to residents of the state who are innocent victims of crime.

Claims Commission (9 employees): the tennessee Claims Commission is an administrative tribunal created to adjudicate monetary claims against the state. there is a commissioner located in each of the three parts of the state: west, middle, and east.

division of risk management (4 employees): responsible for maintaining adequate insurance against damage or loss for all state owned property and for providing a systematic program for the control and prevention of injuries and losses.

Small and minority-owned business Program (1 employee): smoB provides a statewide platform that fosters the growth and development of small and minority-owned businesses in tennessee. smoB con-sists of two components: loans and program services.

Accounting division (23 employees): accounting maintains subsidiary and general ledger accounting for the various programs administered by the treasurer’s office; reconciles all state depository bank accounts; and prepares required financial statements.

management Services (17 employees): responsible for the budget, purchasing and procurements, mainte-nance of records, processing of mail and receipts, and physical facilities management.

Information Systems (30 employees): responsible for maintenance and development of data processing services required to support various programs of the department.

Advisory Council for worker’s Compensation (1 employee): Provides the information, research, and recommendations concerning worker’s compensation issues to the tennessee General assembly and the treasury Department.


the state treasurer is chair of the advisory Council on Workers’ Compensation, Baccalaureate education sys-tem trust Board with respect to the tNstars 529 College savings Program, Board of Claims, Board of trustees of the tennessee Consolidated retirement system, Chairs of excellence endowment trust and financial literacy Commission.

in addition, the treasurer is a member of the Collateral Pool Board, state Board of equalization, Council on Pensions and insurance, state funding Board, Public records Commission, sick leave Bank Board, state Building Commission, state Capitol Commission, state insurance Committee, tennessee state school Bond authority, local Government insurance Committee, local education insurance Committee and state trust of tennessee, tennessee higher education Commission, tennessee housing Development agency, tennessee local Development authority, tennessee sports hall of fame, tennessee student assistance Corporation, tuition Guaranty fund Board, Catastrophic injuries fund Commission, industrial finance Corporation Board, tennessee industrial Development authority, appeals from Gift tax appraisals Board, and the Workers’ Compensation insurance fund Board.


P.o. Box 13528austin, tx 78711-1440

tel: 512-463-4444fax: 512-463-4965email: [email protected]: www.window.state.tx.us


key STAFF

Martin Hubert, Deputy [email protected]

Stephanie Alvarez, assistant to the [email protected]

Amy Comeaux, manager of scheduling512-463-4271

Lauren Willis, Communications Director512-936-2057

TexAS ComPTroller oF PublIC ACCouNTS

Total Number of Employees: 2,859Total CPA Budget: $220,241,789

Comptroller susan Combs is a strong fiscal conservative committed to making state government work better for all texans. as the state’s treasurer, check writer, tax collector and revenue estimator, Combs insists that taxpayer money be spent wisely and that the state’s spending is transparent to citizens. in addition, the texas Comptroller’s office awards and manages hundreds of statewide contracts on behalf of more than 200 state agencies and 1,900 local government Co-oP members.

bIogrAPhICAl SkeTCh

Born in san antonio, tx. Currently resides in austin. husband’s name: Joe; three children. B.a., religion and french, vassar College; J.D., university of texas school of law. republican.

Before being elected Comptroller, Combs served as the texas agriculture Commissioner. elected in 1998 and again in 2002, Combs was the first woman to ever hold the office. from 1993 to 1997, Combs served in the texas house of representatives. there she introduced and passed government account-ability reforms and protected texas landowners by authoring and passing the state’s landmark private property rights legislation. Prior to her tenure in the texas legislature, Comptroller Combs was a Dallas assistant district attorney.

SuSAN CombSTexASComPTroller oF PublIC ACCouNTS


AbouT The oFFICe

Administration: oversees the expedited processing of revenues into the treasury to ensure the security and availability of state monies.

banking: serves as the primary bank operations area for texas government.

budget: Provides timely and accurate financial ser-vices to the legislature and state agencies, including forecasting, accounting and payroll processing.

Cash management: serves as the custodian of the state’s cash and securities through cash flow forecast-ing for investment and tax revenue anticipation Note issuance purposes.

College Savings: offers texas families programs to assist with financing the future costs of higher education such as tuition, room and board and other qualified expenses.

Fiscal management: Balances the state’s books and ensures texas payments.

local government Services: assists local governments in economic development, streamlining operations, managing public funds and complying with state laws.

Procurement: Works to lower the price of goods and services for texas government entities by leveraging state’s massive buying power when negotiating con-tracts, which has saved the state $100 million. state agency and local government purchasers can buy goods/services through the online txsmartBuy system. the procurement office also facilitates the use of historically underutilized Businesses in state procurement and provides information on the state’s procurement process to minority- and woman-owned businesses.

Property Tax Assistance: Conducts the annual Property value study and methods and assistance Program reviews.

revenue: Processes all tax payments for the state, returns tax allocations to local jurisdictions and gener-ates taxpayer refunds.

revenue estimating: estimates revenue available for appropriation by the texas legislature.

Tax Administration: administers the state’s tax laws through audit and collection activities.

Treasury operations: receives, funds disbursements, raises and remits money for investment. our experi-enced team processes incoming receipts, outgoing disbursements and allocates money for investments across thousands of transactions every day. the agency manages a portfolio of approximately $40,000,000,000.

unclaimed Property: administers the texas unclaimed Property Program, which seeks to return abandoned property to its rightful owner.


state Capitol Complex350 N. state street, suite C180P.o. Box 142315salt lake City, ut 84114-2315

tel: 801-538-1042fax: 801-538-1465email: [email protected]: www.utah.gov/treasurer


key STAFF

David Damschen, Chief Deputy treasurer801-538-1042

Kathy Wilkey, administrative assistant801-538-1042



the treasurer’s office is responsible for cash manage-ment, banking, investment of short-term and trust funds, management of the local government investment pool, bond issuance and unclaimed property administration. the office acts as the depository for all state funds and is responsible for all banking functions of the state.

bIogrAPhICAl SkeTCh

Born Jan. 10, 1960 in Klamath falls, ore. Currently resides in West Jordan, ut. Wife’s name: Joyce; six children, three grandchildren. B.s., finance, Brigham Young university; m.B.a., university of utah. republican.

Prior to being elected state treasurer, richard ellis spent nine years as the chief deputy state treasurer. other state service includes three years as the director, Governor’s office of Planning and Budget and executive director of the Department of administrative services. Before working at the state he was the finance director for Draper, ut; assistant treasurer at Jordan valley Water Conser-vancy District and an assistant vice president at Dougherty, Dawkins, strand & Bigelow, a regional investment banking firm.

treasurer ellis currently serves on the municipal securities rulemaking Board. he was an adjunct faculty member at the marriott school of Business, Brigham Young university, where he taught cash management and investments for the romney institute of Public management.

treasurer ellis is actively involved with the National association of state treasurers and National association of state auditors, Comptrollers and treasurers. he previously participated with the National association of state Budget officers and National association of state Chief administrators while serving in his other state positions.

rIChArd ellISuTAhSTATe TreASurer


AbouT The TreASury

Administration (3.5 employees): the treasurer and chief deputy are responsible for office management. other administrative functions include budgeting, personnel administration, coordination of legislative matters and accounting for office expenditures.

banking (1.5 employees): Contracts covering all banking and safekeeping relationships are renegotiated periodically and banking relationships are constantly monitored. staff works with state agencies to implement new treasury technologies which increase efficiency and lower banking costs.

bond management (.75 employee): the treasurer is responsible for issuing all state debt. Bonds are sold by competitive or negotiated sale as appropriate. the treasurer is also responsible for all charter school conduit financings issued through the state Charter school finance authority.

Cash management (1.5 employees): Daily cash activity is monitored and related bank charges are carefully reviewed. staff records all cash entries, records all general fund and pool investments and reconciles bank accounts.

Investment (2.0 employees): the treasurer’s office invests excess state funds and manages a local govern-ment investment pool. the office also administers Permanent state school and institutional trust lands investments and performs all investment accounting.

local government Services (1.75 employees): the treasurer’s office invests funds of cities, counties, school districts and other public entities within a local government investment pool and in accordance with statutory requirements. the treasurer’s office also works in close partnership with the utah money man-agement Council and other state agencies to oversee public deposits and investments to ensure the safety of public funds in utah according to provisions of the state’s money management act and the rules of the money management Council. the treasurer serves as executive secretary to the council and, by statute, also furnishes the council with staff.

unclaimed Property (14 employees): extensive efforts are made to locate the owners of all unclaimed property received by the treasurer’s office. all claims by legitimate owners or their heirs are paid from current receipts. the remainder after the payment of claims is used to support state schools.

warrants (.5 employee): Warrant clearing accounts and an array of electronic means of disbursement are used for payments made by the state for goods or services rendered. the treasurer pays warrants as they are presented by the state’s disbursement bank(s).


the state treasurer is a board member for the utah state retirement system, utah housing Corporation, utah Permanent Community impact Board, utah Disaster relief Board, Private activity Bond review Board, utah Communications agency Network, utah Council for financial and economic education, utah Bonding Commission, state Building ownership authority, utah Charter school finance authority, state Board of Canvassers, utah science, technology and research authority, utah Capital investment Board, Water Development Coordinating Council, state Post-retirement Benefit trust fund and the elected officials Post-retirement Benefit trust fund.


109 state street, 4th floormontpelier, vt 05609-6200

tel: 802-828-1452fax: 802-828-2772email: [email protected]: www.vermonttreasurer.gov

Selection Method: Constitutional—elected by the PeopleTerm Length: two YearsTerm Limit: NoneServed: since January 2011Next Election Year: 2014Salary: $95,000

key STAFF

Stephen Wisloski, Deputy treasurer802-828-1452stephen.wisloski@@state.vt.us

JP Isabelle, executive [email protected]


Total Number of Employees: 34Size of Treasury Annual Budget: $3,800,000Size of portfolio: $4,000,000,000

the treasurer’s office is responsible for accounting for the receipt and disbursement of all public funds, short- and long-term debt management, investment of state funds, administration of three retirement systems and pension funds, administration of the state’s unclaimed property program, improving the financial literacy of vermonters and advising state policymakers on fiscal and economic issues.

bIogrAPhICAl SkeTCh

Beth Pearce was appointed vermont state treasurer in January 2011, and won election to another two-year term in November 2012. the appointment, by Gov. Peter shumlin, followed the resignation of former treasurer Jeb spaulding who stepped down to assume the role of secretary of administration.

treasurer Pearce has more than 30 years experience in government finance at both the state and local levels. she served as vermont’s Deputy treasurer for more than seven years before assuming her current role as treasurer. as deputy treasurer, she was responsible for a full range of operations including retirement administration of the three state-wide systems for state employees, teachers and municipal employees. she also was responsible for unclaimed property, accounting, budget, debt and capital financing, cash management, investment of short-term funds in state custody and risk management.

Prior to joining the vermont state treasurer’s office, she served as deputy treasurer for cash management at the massachusetts state treasurer’s office from 1999–2003; deputy comptroller for the town of Greenburgh, NY.; and as the accounting manager and financial operations manager for the town of West hartford, Conn. in addition, she has served as a fiscal officer with the massachusetts Department of social services and as a project director for the massachusetts executive office of human services.

treasurer Pearce has a B.a. from the university of New hampshire. she has prepared financial reports that have received the Certificate of achievement for excellence in financial reporting by the Government finance officers association. she resides in Barre, vt.

beTh PeArCevermoNTSTATe TreASurer


AbouT The TreASury

Administration (5 employees): the administrative group provides daily operational support and sets the policies and long-term agenda for the office of the treasurer. specific responsibilities include person-nel and performance management, legislative and regulatory coordination, budget and policy develop-ment and compliance, strategic planning and policy development, contract compliance, financial literacy and oversight of the operations of all of the divisions of the office.

Treasury operations (7 employees): this division is responsible for all internal financial support services, maintaining banking relationships, reconciling bank accounts, preparing financial statements, maintaining accounting records and processing all payroll, vendor and welfare checks.

Investment Services (2 employees): this division manages long- and short-term investments of state funds, serves as the treasurer’s liaison with investment managers for all three retirement systems, manages the state’s long-term debt program and provides advice to the state treasurer on economic and fiscal issues.

retirement Services (13 employees): this division is responsible for the administration of the state’s three retirement systems—vermont state employees’ retirement system, vermont state teachers’ retire-ment system, municipal employees’ retirement system—and developing retirement policy. it also administers the state’s deferred compensation and defined contribution plans.

unclaimed Property (4 employees): this division administers the state’s unclaimed property program, uniting vermonters with their lost financial property. it tracks, collects and audits transfers from the holders of unclaimed property and undertakes a variety of efforts to publicize the names of owners of unclaimed property in an attempt to reunite them with their property.

oTher ProgrAmS

Technology Services (3 employees): this division supports all information technology aspects of the treasurer’s office.


the state treasurer serves on the following boards and entities: Capital Debt affordability advisory Committee, educational and health Buildings finance agency, municipal equipment loan fund, state infrastructure Bank Board, vermont economic Development authority, vermont housing finance agency, vermont indepen-dent school financing authority, vermont municipal Bond Bank, vermont municipal employees’ retirement system, vermont state employees’ retirement system, vermont state teachers’ retirement system, vermont rehabilitation Corporation, vermont student assistance Corporation and the Private activity Bond advisory Committee.


P.o. Box 1879richmond, va 23218

tel: 804-225-3131fax: 804-786-0833email: [email protected]: www.trs.virginia.gov/

Selection Method: appointed by GovernorTerm Length: Pleasure of the GovernorTerm Limit: Pleasure of the GovernorServed: since January 2009Next Election Year: Not applicableSalary: $157,249

key STAFF

Robert S. Young, Deputy state [email protected]

Michael R. Tutor, executive [email protected]


Total Number of Employees: 121 authorizedSize of Treasury Annual Budget: $19,417,233Size of Portfolio Managed by Treasury: $8,300,000,000

the treasurer reports directly to the virginia secre-tary of finance, which is a cabinet position reporting directly to the governor. the primary responsibilities of the treasurer are to receive, maintain custody and disburse all funds collected by the state, arrange for and manage the short- and long-term financing needs of the commonwealth, invest state monies, maintain cash management and banking services, administer unclaimed property and escheat laws and administer the commonwealth’s insurance programs.

bIogrAPhICAl SkeTCh

Born Jan. 24, 1956 in akola, india. Currently resides in henrico County. husband’s name: suri; two children. Bachelor of Commerce, university of Bombay; m.B.a., university of texas at austin.

treasurer manju Ganeriwala was appointed state treasurer by Gov. timothy m. Kaine, effective Jan. 1, 2009, and reappointed by Gov. robert f. mcDonnell in July 2010. Prior to her appointment, treasurer Ganeriwala was Deputy secretary of finance, serving as a key advisor to the governor on all financial matters of the commonwealth, including the crafting of the biennial state budget, issuing debt, retaining virginia’s “aaa” general obligation bond rating and maintaining the commonwealth’s status as one of the best financially managed states. treasurer Ganeriwala’s public service also includes her leadership roles with the virginia Department of medical assistance services where she served as chief financial officer for six years, and the virginia Department of Planning and Budget, where she served as budget advisor on policy and fiscal issues for 13 years. her experience also includes strategic planning and long-range forecasting for the east ohio Gas Company in Cleveland.

treasurer Ganeriwala is the current president of the National association of state treasurers. in addition to serving on numerous state boards, she is a member of the Board of Directors of the richmond YWCa, and a member of the asset liability Committee for the virginia Credit union.

mANju S. gANerIwAlAvIrgINIATreASurer


AbouT The TreASury

Administration (20 employees): General manage-ment is responsible for the day-to-day management, staffing, planning, oversight and direction of treasury. responsibilities include strategic planning, performance management, staffing and personnel development and management, development and execution of agency budget, legislative coordination, development of agency policies, procedures, goals and objectives, development and promulgation of agency regulations, development and maintenance of information systems services, development of agency internal controls, procurement of agency goods and services, facilities management, telecommunications and internal auditing of agency functions and programs.

operations (21 employees): the operations Division provides centralized services to the commonwealth’s agencies and institutions for the following functions: statewide check processing and distribution; stop payments and forgeries; bank reconciliation of all trea-surer of virginia bank accounts; investment accounting for the general account of the commonwealth and numerous trust and bond funds; and trust accounting for most of the commonwealth’s debt issuances and several of its authorities and the literary fund. the division also provides support services to the treasury and the treasury Board for accounting and budgeting.

debt management (10 employees): responsible for the issuance and management of debt for the common-wealth, including debt of the virginia Public Building authority, virginia College Building authority and the virginia Public school authority. the division provides staff support to the treasury Board and the Debt Capacity advisory Committee, monitors outstanding tax-supported debt for reporting and analysis purposes, and advises on the financing of state, or state-supported capital projects. the division coordinates activities relating to maintaining the commonwealth’s triple-a general obligation bond ratings.

Cash management and Investments (10 employees): responsible for the investment of state funds, the management of the local Government investment Pool Program and the administration of banking and cash management services. the goal of the division is to manage state and local government funds by maxi-mizing investment earnings within levels of prudence established by statute and treasury Board guidelines, to work with state agencies/institutions and financial institutions to improve cash management and ensure the highest quality of service to the commonwealth at competitive costs. total funds under management at the end of 2012 exceeded $8.3 billion.

unclaimed Property (41 employees): responsible for the administration of two major types of abandoned property programs: personal property and real prop-erty. unclaimed Property is responsible for identifying abandoned personal property through audits and compliance reviews, administering the funds under the commonwealth’s control, and using its best efforts to return the property to its owner. the Division of unclaimed Property promotes compliance with the uniform Disposition of unclaimed Property act and escheats Generally statute, thereby enabling the return of unclaimed property to the rightful owners and the return of abandoned real property to an active tax status within the state.

risk management (13 employees): Protects virginia’s state government and other public entities from financial loss caused by legal liability, loss to property, fidelity and other hazards. this is done through the establishment and administration of specialized risk management plans authorized by statute and approved by the governor.

oTher ProgrAmS

State Non-Arbitrage Program: virginia administers an externally managed program available to state and local governments for the investment management of bond proceeds and arbitrage rebate calculation services. at the end of 2012, assets under management in this program were $3.0 billion.

Securities for Public deposit Program: treasury is responsible for the administration and monitor-ing of the state’s program to secure virginia public deposits and ensure that state and local deposits are adequately collateralized by securities pledged by financial institutions holding virginia public deposits. the treasurer is also custodian for securities pledged as collateral by insurance companies authorized to conduct business in virginia.


the virginia state treasurer serves on the following boards and authorities, the first six being staffed by the Department of the treasury: Commonwealth of virginia treasury Board (Chair); Debt Capacity advisory Committee; virginia College Building authority; vir-ginia Public Building authority; virginia Public school authority; tobacco settlement financing Corporation; virginia College savings Plan; virginia housing Devel-opment authority; virginia Port authority; virginia resources authority and the virginia small Business financing authority.


P.o. Box 40200olympia, Wa 98504-0200

tel: 360-902-9001fax: 360-902-9044Website: www.tre.wa.gov


key STAFF

Wolfgang Opitz, assistant treasurer360-902-9002, [email protected]

Shad Pruitt, Deputy treasurer of administration360-902-8904, [email protected]

Ellen Evans, Deputy treasurer of Debt360-902-9007, [email protected]

Doug Extine, Deputy treasurer of investment360-902-9012, [email protected]

Chris McGann, Communications Director360-902-9033, [email protected]

Andrew Smith, executive assistant360-902-9023, [email protected]



the treasurer’s office is responsible for investing the treasury portfolio, including the local Government investment Pool. the treasurer is chairman of the state finance Committee, which oversees management of more than $18.4 billion in bond debt. in 2011, treasurer James mcintire was elected chairman of the state invest-ment Board, which manages more than $87 billion in state pension, insurance, and other permanent funds. treasurer mcintire also serves as chairman of the Public Deposit Protection Commission and is co-chairman of the Democratic state treasurers and the immediate past president of the Western state treasurer’s association.

treasurer mcintire is also a member of the state housing finance Commission, the Guaranteed education tuition Board and the economic Development finance authority.

bIogrAPhICAl SkeTCh

Born 1953 in Bluffton, oh. married, five children. B.a., macalester College; m.P.P. university of mich-igan; Ph.D., economics, university of Washington.

treasurer mcintire was elected as Washington’s 22nd state treasurer in 2008. upon taking office, the failure of a small bank sparked concerns about the safety and security of state and local public deposits in banks throughout the state. swift and effective reforms initiated by mcintire preserved secure access to banking services for local and state governments. though 19 banks holding public deposits have failed since 2009, none of the public money they held was lost or placed at risk of loss. New safeguards continue to protect all public deposits in the 79 banks that serve state and local government in Washington.

in 2011, mcintire prepared the state’s first ever debt affordability study to provide a comprehensive tool for managing the state’s debt. to help taxpayers get the lowest possible costs on financing for cap-ital construction, transportation and infrastructure projects, mcintire brought in a private sector manager to re-engineer the way the treasurer’s office issues bonds. these reforms infused greater competition and market pressure in the process, allowing the office to capture $1.3 billion in savings through refinancing outstanding debt and lower than expected interest rates on new issues.

jAmeS l. mCINTIrewAShINgToNSTATe TreASurer



Prior to his election, treasurer mcintire was a successful business economist for Navigant Con-sulting inc. he began his political career working in the u.s. senate for hubert humphrey, and served as a policy advisor to congressional committee chairmen and Washington governors. he has chaired statewide boards for economic development and nonprofit housing.

as a five-term state representative, treasurer mcintire provided leadership on several financial committees. he sponsored the first state law making identity theft a crime, a constitutionally protected, “rainy Day account,” performance audits, priorities of government budgeting and the new Citizen Commission for Performance measurement of tax Preferences. During a budget shortfall, mcintire helped to re-enact the estate tax and raise cigarette taxes to pay for schools and children’s health care.

treasurer mcintire founded and directed a fiscal policy center and taught economics for 25 years at the university of Washington.

local government Services: the local Government investment Pool allows local governments to participate in a pooled investment program. the local option Capital asset lending program, a part of the treasurer’s lease/purchase program, offers economies of scale by pooling the debt financing for equipment and real estate purchases of local governments and political subdivisions.

warrants: maintains records of all warrants that bear the signature of the state treasurer.

AbouT The TreASury

Administration: the administrative group works with the treasurer to set the long-term agenda for the state treasury. Work groups include legal counsel, legislative affairs, communications, human resources, budget and clerical support.

banking: Provides for the safety and security of public funds on deposit in qualified public depositaries.

debt management: offers financing recommendations to the treasurer, who is chair of the state finance Com-mittee, on all aspects of debt finance and compliance. the division oversees all state borrowing, including state bond sales and state and local equipment and real estate transactions. it manages fiscal agency contracts and the master financing contract for lease purchases.

budget: Directs the development of the agency budget and monitors expenditures verses allotments.

Cash management: manages the flow of money into the state’s accounts and the timely payment of money to state and local government, vendors, beneficiaries, claimants and employees.

College Savings: the treasurer is one of five members of the board that oversees the Guaranteed education tuition (Get) program.

Investment: invests the state’s short-term cash reserves and invests liquidity portfolio for local governments.


suite 145-e, state Capitol1900 Kanawha Blvd., e.Charleston, Wv 25305

tel: 304-558-5000fax: 304-558-4097email: [email protected]: www.wvtreasury.com


key STAFF

Danny Ellis, assistant state treasurer304-558-5000, [email protected]

Monika Berry, senior executive assistant304-558-5000, [email protected]


Total Number of Employees: 134Size of Treasury Annual Budget: $5.8 millionSize of Portfolio Managed by Treasury: $4.3 billion

the West virginia state treasurer’s office provides for the cash management operations of state government. additional responsibilities include management of the state’s short-term investment pools; receipt of all moneys for which the state is responsible; deposits in state depository financial institutions; receipt of all payable warrants and issuance of all payments by check or electronic funds transfer; operation of the state’s imprest fund system; management of all state lottery receipts; preparation of quarterly debt position reports and the annual debt advisory report; and files and retains all paid checks and bonds issued by the state. the treasurer collects and remits a number of funds, including court security funds, crime victim’s compensation funds, litter control funds, probation fees, regional jail and prison authority fees and timbering operations enforcement funds. the office also disburses coal, oil and gas severance taxes, liquor taxes, wine taxes and the fire and casualty insurance premium taxes to local government sub-divisions. the treasurer also administers the state’s two college savings plans and chairs the College Prepaid tuition and savings Program Board of trustees; admin-isters the uniform unclaimed Property act; manages the state’s supplemental 457 retirement program, retirement Plus and chairs the Board of treasury investments.

bIogrAPhICAl SkeTCh

Born June 22, 1950 in Boone County, Wva. Currently resides in Cross lanes, Kanawha County. Wife’s name: robin; two children. B.s., agriculture, West virginia university. Democrat.

treasurer John Perdue started his public career in 1973 in the West virginia Department of agricul-ture, later becoming assistant commissioner. Prior to his election as a constitutional officer, treasurer Perdue was senior executive assistant for Gov. Gaston Caperton and served as chief legislative liaison. Currently, treasurer Perdue is the chairman of the West virginia university College of agri-culture and forestry visiting Committee and he serves on the West virginia Board of trustees of the leukemia society for america and the Cedar lakes foundation.

johN d. PerdueweST vIrgINIASTATe TreASurer


AbouT The TreASury

Administration (40 employees): Directs the policy and provides daily operational support for the treasurer’s office.

banking (8 employees): all funds due the state must be deposited into bank accounts of the treasurer’s office within 24 hours of receipt and posted to the state’s accounting system. those funds must be disbursed from a bank account of the treasurer. Currently, the office maintains 79 bank accounts at various locations around the state. the treasurer must reconcile all bank accounts.

bond management (1 employee): Develops and publishes a quarterly and annual report that provides a complete and accurate picture of the state’s debt. responsible for making recommendations concerning the state’s ability to meet its current and projected future debt service, report on the state’s ability to incur new debt while maintaining favorable debt ratios and maintaining and improving the state’s credit rating. this division also makes debt service payments for various bond issues.

Cash management (11 employees): maintains records of all funds received by the state and all disbursed from the treasury. Develops cash flow analysis to better assist the investment of state funds.

College Savings (5 employees): administers the smart529 college savings and prepaid tuition plans.

Investment (10 employees): the Board of treasury investments manages $4.3 billion of state and political subdivision operating funds in short-term invest-ments. the Participating account Division tracks the investment of various state, local government and other fiduciary funds.

local government Services (20 employees): four satellite offices around the state allow community access to the treasurer’s office. representatives work in each region to locate the owners of unclaimed Property, educate public employees on the benefits of Wv retirement Plus, raise awareness about smart529 and promote personal financial education opportunities offered by the treasurer’s office.

revenue (12 employees): Provides various methods to assist agencies with the collections of revenues. these methods include aCh, wire transfers, lockbox operations and credit card collections.

unclaimed Property (20 employees): Collects all unclaimed property belonging to the residents of the state and returns that property to its rightful owners.

Check Processing (2 employees): all warrants issued by the state auditor must be approved and payment made on a bank account of the state treasurer. a daily file of checks issued is provided to the disbursement bank and daily reconciliation of the account is performed for cash management purposes.

other Programs (2 employees): a pre-tax 457 deferred compensation supplemental retirement plan designed for state and local government employees, known as Wv retirement Plus.

Financial education (1 employee): encompasses Bank at school, NetWorth, Women & money Conferences, Get-a-life, and other programs for high school students and adults.

Internal Auditing (2 employees): answers solely to the treasurer and is responsible for conducting audits of every function within the treasurer’s office.


the West virginia state treasurer is a member of the investment management Board, Board of Public Works, lending and Credit rate Board, hospital finance authority, Board of the school fund, Council of finance and administration, municipal Bond Commission, housing Development fund, agricultural land Protec-tion authority Board of trustees, Consolidated Public retirement Board, higher education student financial aid advisory Board, enterprise resource Planning Board, special reclamation fund advisory Council (Dept. of environmental Protection) and tobacco settlement finance authority.


one s. Pinckney streetP.o. Box 7871madison, Wi 53707-7871

tel: 608-266-1714fax: 608-266-2647email: [email protected]: www. wismissingmoney.com


key STAFF

Scott Feldt, Deputy [email protected]

Mary Celentani, administrator of unclaimed [email protected]

Wesley Stefonek, manager, stocks and [email protected]

Shannon Churchill, holder [email protected]

Cynthia Kaump, Director of [email protected]



bIogrAPhICAl SkeTCh

Born June 21, 1955 in milwaukee, Wis. Currently resides in eden. associates Degree, management and Communications, Concordia university-mequon. republican.

Before taking office, treasurer Kurt schuller spent several years in the restaurant industry, serving first as a chef before moving into management and eventually ownership. Between 1996 and 2005, treasurer schuller owned and managed Wolfendale’s, an award winning restaurant in sus-sex. following the sale, he returned to restaurant management and worked with two national chains.

treasurer schuller is a former member of the Wisconsin restaurant association and served as Director of the Board of stewardship at st. James lutheran Church in milwaukee. he is a member of the republican Party of fond du lac County and the Wisconsin Chapter of americans for Prosperity.

kurT SChullerwISCoNSINSTATe TreASurer


AbouT The TreASury

Administration (2 employees): Performs general administrative and audit functions for the treasurer’s office.

unclaimed Property (8 employees): receives and maintains custody and records for all property received under the provisions of the uniform unclaimed Property act and general escheat laws. reviews, and if neces-sary, audits business and corporate records to assure compliance with unclaimed property statutes. organizes unclaimed property online auctions by selecting items, getting appraisals, photographing and uploading pictures to the website and monitoring bids.


the state treasurer serves as the treasurer of the state investment Board and the Wisconsin retirement system. also, he is a member of the Board of Commissioners of Public lands and the state Depository selection Board. the treasurer also serves on the Board of Directors of the Wisconsin insurance security fund and the Council on state-local relations.


200 W. 24th st.Cheyenne, WY 82002

tel: 307-777-7408fax: 307-777-5411email: [email protected]: www.treasurer.state.wy.us

Selection Method: Constitutional—elected by the PeopleTerm Length: four YearsTerm Limit: two termsServed: since oct. 31, 2012 (appointed by the governor to fill the last two years of former state treasurer Joe meyer’s term)Next Election Year: 2014Salary: $92,000

key STAFF

Sharon Garland, Deputy state [email protected]

Kathy Ramsey, executive [email protected]


Total Number of Employees: 25Size of Treasury Annual Budget: approximately $67,000,000Size of Portfolio Managed by Treasury: $16,000,000,000

the state treasurer oversees the management and investment of all non-pension funds of the state. this includes seven fund types: the Permanent Wyoming mineral trust fund; Permanent land funds; hathaway scholarship endowment fund; excellence in higher education endowment fund; Workers’ Compensation fund; tobacco settlement fund; and the state agency Pool. the treasurer’s office is also responsible for daily deposits of incoming revenue from state agencies, redeeming state warrants, reconciling all transactions in the state’s checking accounts, accounting for the receipt and disbursement of state and federal funds, management of the state’s cash resources including developing information to forecast cash needs of the state and projecting investment income for the Consensus revenue estimating Group. the treasurer also serves as administrator of the unclaimed property program.

bIogrAPhICAl SkeTCh

Born march 14, 1957 in New York City, but grew up on the family ranch west of Kaycee, Wyo. Currently resides in Cheyenne. Wife name: Jennie; two daughters and two sons. Ba, history, middle-bury College.

treasurer Gordon was sworn in as Wyoming’s 31st state treasurer on Nov. 1, 2012, following his appointment by Wyoming’s Governor matt mead to complete the term of the late Joe meyer.

a rancher from Buffalo, Wyo., treasurer Gordon’s experience reaches to agriculture, mineral devel-opment, tourism, finance, recreation and politics. Prior to his appointment, treasurer Gordon served on the board of directors of the federal reserve Bank of Kansas City. he also chaired and served on numerous other state and local boards. he has had agricultural operations in several Wyoming counties and has owned and operated businesses there as well. his home ranch received the 2009 excellence in range stewardship award from the society for range management.

mArk gordoNwyomINgSTATe TreASurer


AbouT The TreASury

Administration (9 employees): responsible for the overall management of the office. the functions of the administration section include support services, accounting, budget management, legal services, information technology services, revenue distribution and bond management.

Investments and banking (9 employees): this section’s primary duty is for the investment and cash management of all non-pension state funds. this section reconciles and deposits daily receipts from state agencies, is responsible for the redemption and processing of state warrants and for reconciling funds held by custodial banks. it is also responsible for the deposit of funds in savings and loans and banks of the state, all matters going before the Board of Deposits and for monitoring of pledged collateral.

unclaimed Property (7 employees): the treasurer is the administrator of all aspects of the state’s unclaimed property program by holding unclaimed property for the rightful owners and making diligent efforts to locate the rightful owners.


the state treasurer serves on the following boards and commissions: state loan and investment Board, Board of land Commissioners, state Building Commission, Wyoming Community Development authority, Board of Deposits, state Canvassing Board, Wyoming retire-ment system Board of Directors, and the financial advisory Council.

treasurY CoNtaCt iNformatioN.................................................................................103

state treasurers, 1976–PreseNt ..................................................................................107

Nast staff memBers ........................................................................................................... 113

CsG iNformatioN ................................................................................................................. 114

Appendices


AlAbAmAHon. Young J. boozer IIIState treasurerState Capitol600 Dexter ave., S-106Montgomery, al 36104tel: 334-242-7501fax: 334-242-7592email: [email protected]

AlAskAHon. AngelA rodellDeputy Commissioner of revenueP.o. Box 110400Juneau, aK 99811-0400tel: 907-465-3669fax: 907-465-2389email: [email protected]

ArIzonAHon. doug duceYState treasurer1700 West Washington StreetPhoenix, aZ 85007tel: 602-542-7800fax: 602-542-7176email: [email protected]

ArkAnsAsHon. cHArles l. robInsonState treasurer220 State Capitollittle rock, ar 72201tel: 501-682-5888fax: 501-682-3842email: [email protected]

cAlIfornIAHon. bIll lockYerState treasurer915 Capital Mall, room 110Sacramento, Ca 95814tel: 916-653-2995fax: 916-653-3125email: [email protected]

colorAdoHon. WAlker stApletonState treasurer200 e. Colfax ave., room 140Denver, Co 80203tel: 303-866-2441fax: 303-866-2123email: [email protected]

connectIcutHon. denIse l. nAppIerState treasurer55 elm StreetHartford, Ct 06106tel: 860-702-3010fax: 860-702-3043email: [email protected]

delAWAreHon. cHIp floWers Jr., esq.State treasurer820 Silver lake Boulevard, Suite 100Dover, De 19904tel: 302-672-6700fax: 302-739-5635email: [email protected]

dIstrIct of columbIAHon. JeffreY bArnetteDeputy Cfo and treasureroffice of the Chief financial officeroffice of finance and treasury1101 4th Street, SW, Suite 850Washington, DC 20024tel: 202-727-6288fax: 202-727-6963email: [email protected]

florIdAHon. Jeff AtWAterChief fiinancial officer200 east Gaines Streettallahassee, fl 32399-0301tel: 850-413-2806fax: 850-413-2950email: [email protected]

georgIAHon. steve mccoYState treasurer200 Piedmont avenue, SeSuite 1204 West toweratlanta, Ga 30334-5527tel: 404-657-4203fax: 404-656-9048email: [email protected]

HAWAIIHon. kAlbert k. YoungDirector of Budget and financeP.o. Box 150Honolulu, Hi 96810tel: 808-586-1518fax: 808-586-1976email: Hi.Budgetandfinance@ hawaii.gov

IdAHoHon. ron g. crAneState treasurerP.o. Box 83720Boise, iD 83720-0091tel: 208-334-3200fax: 208-332-2959email: [email protected]

IllInoIsHon. dAn rutHerfordState treasurerillinois State Capitol Building, room 219Springfield, il 62706tel: 217-782-2211fax: 217-785-2777email: [email protected]

IndIAnAHon. rIcHArd e. mourdocktreasurer of State200 W. Washington, St., #242indianapolis, iN 46204tel: 317-232-6386fax: 317-233-1780email: [email protected]

treasury contact Information


IowAhoN. mIChAel l. FITzgerAldstate treasurerCapitol BuildingDes moines, ia 50319tel: 515-281-5368fax: 515-281-7562email: [email protected]

kANSAShoN. roN eSTeSstate treasurer900 sW Jackson, suite 201topeka, Ks 66612-1235tel: 785-296-3171fax: 785-296-7950

keNTuCkyhoN. Todd holleNbAChstate treasurer1050 us hWY 127 southfrankfort, KY 40601tel: 502-564-4722fax: 502-564-6545

louISIANAhoN. johN Neely keNNedystate treasurerP.o. Box 44154Baton rouge, la 70804-4154tel: 225-342-0010fax: 225-342-0046email: [email protected]

mAINehoN. NerIA r. douglASSstate treasurer39 state house stationaugusta, me 04333tel: 207-624-7477fax: 207-287-2367email: [email protected]

mArylANdhoN. NANCy k. koPPstate treasurerstate of maryland treasurer’s office80 Calvert st.annapolis, mD 21401tel: 410-260-7160fax: 410-260-6056email: [email protected]

mASSAChuSeTTShoN. STeveN groSSmANtreasurer and receiver Generalthe state house, room 227Boston, ma 02133tel: 617-367-6900fax: 617-248-0372email: [email protected]

mIChIgANhoN. ANdy dIlloNstate treasurer430 W. allegan st.lansing, mi 48922tel: 517-373-3223fax: 517-335-1785email: [email protected]

mINNeSoTAhoN. jIm SChowAlTerCommissioner of minnesota management & Budget400 Centennial Bldg.658 Cedar st.st. Paul, mN 55155tel: 651-201-8011fax: 651-797-1300email: [email protected]

mISSISSIPPIhoN. lyNN FITChstate treasurerP.o. Box 138Jackson, ms 39205-0138tel: 601-359-3600fax: 601-576-4495email: [email protected]

mISSourIhoN. ClINT zweIFelstate treasurerrm. 229, state CapitolP.o. Box 210Jefferson City, mo 65102tel: 573-751-2411fax: 573-751-9443

moNTANAhoN. jANeT r. kellyDirector, Department of administrationP.o. Box 200101helena, mt 59620-0101tel: 406-444-3033email: [email protected]

NebrASkAhoN. doN STeNbergstate treasurerstate Capitol, suite 2005lincoln, Ne 68509tel: 402-471-2455fax: 402-471-4390email: [email protected]

NevAdAhoN. kATe mArShAllstate treasurerCapitol Building101 N. Carson st., #4Carson City, Nv 89701tel: 775-684-5600fax: 775-684-5623email: [email protected]

Treasury Contact Information continued


New hAmPShIrehoN. CATherINe A. ProveNCherstate treasurer25 Capitol st., rm. 121Concord, Nh 03301-6399tel: 603-271-2621fax: 603-271-3922email: [email protected]

New jerSeyhoN. ANdrew SIdAmoN-erISToFFstate treasurerDepartment of the treasuryP.o. Box 002trenton, NJ 08625-0002tel: 609-292-6748fax: 609-984-3888

New mexICohoN. jAmeS b. lewISstate treasurerP.o. Box 5135santa fe, Nm 87505tel: 505-955-1120fax: 505-955-1195email: [email protected]

New yorkhoN. AIdA m. brewerstate treasurer & Deputy CommissionerNYs Department of taxation & financeDivision of treasuryP.o. Box 22119albany, NY 12201-2119tel: 518-474-4250fax: 518-435-2978email: [email protected]

NorTh CArolINAhoN. jANeT Cowellstate treasurer325 N. salisbury streetraleigh, NC 27603-1385tel: 919-508-5158fax: 919-508-5167email: [email protected]

NorTh dAkoTAhoN. kelly SChmIdTstate treasurer600 east Boulevardstate CapitolBismarck, ND 58505-0600tel: 701-328-2643fax: 701-328-3002email: [email protected]

ohIohoN. joSh mANdeltreasurer of state30 e. Broad st., 9th fl.Columbus, oh 43215tel: 614-466-2160fax: 614-644-7313email: [email protected]

oklAhomAhoN. keN mIllerstate treasurerrm. 217, state Capitol Bldg.2300 N. lincolnoklahoma City, oK 73105tel: 405-521-3191fax: 405-521-4994email: [email protected]

oregoNhoN. Ted wheelerstate treasurer159 state Capitol900 Court street Nesalem, or 97301tel: 503-378-4329fax: 503-373-7051email: [email protected]

PeNNSylvANIAhoN. roberT mCCordstate treasurerrm. 129, finance Bldg.harrisburg, Pa 17120tel: 717-787-2465fax: 717-783-9760email: [email protected]

rhode ISlANdhoN. gINA m. rAImoNdoGeneral treasurerrm. 102 state houseProvidence, ri 02903tel: 401-222-2397fax: 401-222-6140email: [email protected]

SouTh CArolINAhoN. CurTIS m. loFTIS jr.state treasurerP.o. Box 11778Columbus, sC 29211tel: 803-734-2016fax: 803-734-2690email: [email protected]

SouTh dAkoTAhoN. rIChArd l. SATTgASTstate treasurer500 e. Capitol ave.Pierre, sD 57501-5070tel: 605-773-3378fax: 605-773-3115email: [email protected]



TeNNeSSeehoN. dAvId h. lIllArd jr.state treasurer1st floor, state CapitolNashville, tN 37243-0225tel: 615-741-2956fax: 615-253-1591email: [email protected]

TexAShoN. SuSAN CombStexas Comptroller of Public accountsP.o. Box 13528austin, tx 78711-1440tel: 512-463-4444fax: 512-463-4965email: [email protected]

uTAhhoN. rIChArd ellISstate treasurerstate Capitol Complex350 N. state street, suite C180P.o. Box 142315salt lake City, ut 84114-2315tel: 801-538-1042fax: 801-538-1465email: [email protected]

vermoNThoN. beTh PeArCestate treasurer109 state street, 4th floormontpelier, vt 05609-6200tel: 802-828-1452fax: 802-828-2772email: [email protected]

vIrgINIAhoN. mANju S. gANerIwAlAtreasurer of virginiaP.o. Box 1879richmond, va 23218tel: 804-225-3131fax: 804-786-0833email: manju.ganeriwala@ trs.virginia.gov

wAShINgToNhoN. jAmeS l. mCINTIrestate treasurerP.o. Box 40200olympia, Wa 98504-0200tel: 360-902-9001fax: 360-902-9044

weST vIrgINIAhoN. johN d. Perduestate treasurersuite 145-e, state Capitol1900 Kanawha Blvd., e.Charleston, Wv 25305tel: 304-558-5000fax: 304-558-4097email: [email protected]

wISCoNSINhoN. kurT SChullerstate treasurerone s. Pinckney streetP.o. Box 7871madison, Wi 53707-7871tel: 608-266-1714fax: 608-266-2647email: [email protected]

wyomINghoN. mArk gordoNstate treasurer200 W. 24th st.Cheyenne, WY 82002tel: 307-777-7408fax: 307-777-5411email: [email protected]



AlAbAmA

young J. Boozer iii 2011–presentKay ivey 2003–2011lucy Baxley 1995–2002George Wallace Jr. 1987–1995annie laurie Gunter 1978–1986Melba till allen 1977

AlAskA

angela rodell 2011–presentJerry Burnett 2008–2011Brian C. andrews 2007–2008tom Boutin 2003–2007Neil Slotnick 2000–2003ross a. Kinney 1995–2000William M. Howe 1995Brian C. andrews 1992–1995Darrel rexwinkel 1991–1992Milton Barker 1983–1991

ArizonA

Doug Ducey 2011–presentDean Martin 2007–2011elliot Hibbs 2006David Petersen 2003–2006Carol Springer 1999–2002tony West 1991–1998ray rottas 1983–1991Clark r. Dierks 1978–1983Bartlett fleming 1973–1978

ArkAnsAs

Charles l. robinson 2013–presentMartha Shoffner 2007–2013Gus Wingfield 2003–2007Jimmie lou fisher 1981–2002Nancy J. Hall 1973–1980

CAliforniA

Bill lockyer 2007–presentPhilip angelides 1999–2007Matthew fong 1995–1999Kathleen Brown 1991–1995thomas W. Hayes 1989–1991elizabeth Whitney 1987–1989Jesse M. unruh 1975–1987ivy Baker Priest 1967–1975

ColorAdo

Walker Stapleton 2011–presentCary Kennedy 2007–2011Mike Coffman 1999–2007Bill owens 1995–1998Gail Schoettler 1987–1994roy r. romer 1978–1986Sam Brown 1977

ConneCtiCut

Denise l. Nappier 1999–presentPaul Silvester 1997–1998Christopher B. Burnham 1995–1997Joseph M. Suggs Jr. 1993–1994francisco l. Borges 1987–1993Henry e. Parker 1978–1986robert Berdon 1973–1976

delAwAre

Chip flowers 2011–presentVelda Jones-Potter 2009–2011Jack Markell 1999–2009Janet rzewnicki 1983–1998thomas r. Carper 1978–1982Mary Jornlin 1973–1977

state treasurers, 1976–PresentNote: this list includes state treasurers for every year since NaSt’s founding in 1976.


dISTrICT oF ColumbIA

Jeffrey Barnette 2012–presentlasana mack 2005–2012anthony Calhoun 2001–2005William hall 1999–2001thomas huestis 1996–1999maria K. Day-marshall 1991–1996sophia Green 1988–1991

FlorIdA

Jeff atwater 2011–presentalex sink 2007–2011Charles t. Gallagher iii 1989–1994, 2001–2007William Nelson 1995–2001William D. Gunter Jr. 1977–1988thomas D. o’malley 1973–1977

georgIA

steve mcCoy 2011–presentthomas D. hills 2010–2011W. Daniel ebersole 1997–2010steven mcCoy 1992–1997Claude vickers 1982–1992richard e. millsaps sr. 1978–1982William h. Burson 1973–1978

hAwAII

Kalbert K. Young 2011–presentGeorgina K. Kawamura 2002–2011stanley shiraki 2002Neal miyahira 1999–2002earl anzai 1995–1999Yukio takemoto 1987–1994Jensen s.l. hee 1980–1986

IdAho

ron G. Crane 1999–presentlydia Justice edwards 1987–1998marjorie ruth moon 1962–1986

IllINoIS

Dan rutherford 2011–presentalexi Giannoulias 2007–2011Judy Baar topinka 1995–2007Patrick Quinn 1991–1994Jerry Cosentino 1987–1990James Donnewald 1983–1986Jerry Cosentino 1979–1982Donald smith 1977–1978alan J. Dixon 1973–1977

INdIANA

richard mourdock 2007–presenttim Berry 1999–2007Joyce Brinkman 1995–1999marjorie h. o’laughlin 1987–1995Julian l. ridlen 1979–1987Jack l. New 1973–1979

IowA

michael l. fitzgerald 1983–presentmaurice e. Baringer 1969–1982

kANSAS

ron estes 2011–presentDennis mcKinney 2009–2011lynn Jenkins 2003–2009tim shallenburger 1999–2002Clyde Graber 1997–1998sally thompson 1991–1997Joan finney 1975–1990

keNTuCky

todd hollenbach 2008–presentJonathan miller 2000–2008John Kennedy hamilton 1996–1999robert meade 1988–1991frances Jones mills 1976–1979, 1984–1987, 1992–1995Drexell Davis 1972–1975, 1980–1983

State Treasurers, 1976–Present continued


louISIANA

John Kennedy 2000–presentKen Duncan 1996–1999mary landrieu 1988–1995thomas D. Burbank Jr. 1987mary evelyn Parker 1969–1986

mAINe

Neria Douglass 2013–presentBruce l. Poliquin 2011–2012David lemoine 2004–2011Dale mcCormick 1997–2004samuel shapiro 1981–1996Jerrold B. speers 1978–1980

mArylANd

Nancy Kopp 2002–presentrichard Dixon 1996–2002lucille maurer 1987–1996William s. James 1977–1986

mASSAChuSeTTS

steven Grossman 2011–presenttimothy P. Cahill 2003–2011shannon o’Brien 1999–2002Joseph D. malone 1991–1998robert Q. Crane 1964–1990

mIChIgAN

andy Dillon 2011–presentrobert Kleine 2006–2011Jay rising 2003–2006Douglas B. roberts 2001–2002mark murray 1999–2001Douglas B. roberts 1991–1998robert Bowman 1983–1990loren e. monroe 1978–1982

mINNeSoTA

Jim schowalter 2011–presenttom hanson 2006–2011Peggy ingison 2005–2006Dan mcelroy 2003–2005Carol Johnson 1999–2002michael a. mcGrath 1987–1998robert mattson 1983–1986Jim lord 1975–1983

mISSISSIPPI

lynn fitch 2012–presenttate reeves 2004–2012Peyton Prospere 2003–2004marshall Bennett 1988–2003Bill Cole 1980–1987edwin lloyd Pittman 1977–1980Brad Dye 1973–1977

mISSourI

Clint Zweifel 2009–presentsarah steelman 2005–2009Nancy farmer 2001–2005Bob holden 1993–2001Wendell Bailey 1985–1992mel Carnahan 1975–1984

moNTANA

Janet Kelly 2004–presentscott Darkenwald 2001–2004Barbara ranf 2001lois menzies 1993–2001robert l. marks 1991–1992David ashley 1989–1990ellen feaver 1984–1988morris l. Brusett 1983vera freseman 1977–1983hollis G. Connors 1973–1977



NebrASkA

Don stenberg 2011–presentshane osborn 2007–2011ron ross 2003–2007lorelee Byrd 2001–2003David heineman 1995–2001Dawn rockey 1991–1994Kay orr 1982–1986frank marsh 1975–1981, 1987–1990

NevAdA

Kate marshall 2007–presentBrian Krolicki 1999–2007robert l. seale 1991–1998Kenneth santor 1987–1990Patricia Cafferata 1982–1986stanton B. Colton 1977–1981mike mirabelli 1972–1976

New hAmPShIre

Catherine Provencher 2007–presentmichael ablowich 2002–2007Georgie thomas 1984–2002robert W. flanders 1964–1984

New jerSey

andrew P. sidamon-eristoff 2010–presentr. David rousseau 2008–2010Bradley abelow 2006–2007John mcCormac 2002–2006Peter lawrance 2001–2002roland machold 1999–2000James a. Dieleuterio Jr. 1997–1999Brian Clymer 1994–1997samuel f. Crane 1992–1994Douglas C. Berman 1990–1992feather o’Connor 1986–1990michael m. horn 1984–1986Kenneth Biederman 1982–1984Clifford a. Goldman 1977–1982

New mexICo

James B. lewis 2006–presentDouglas m. Brown 2005–2006robert vigil 2003–2005michael montoya 1995–2002David King 1991–1994James B. lewis 1985–1990earl e. hartley 1983–1985alan hartke 1979–1982edward m. murphy (d.) 1975–1978Jesse D. Kornegay 1969–1970, 1970–1974

New york

aida Brewer 2002–presentGeorge Gasser 1997–2002James s. Cappiello 1989–1997Barbara andrus 1987–1989Barry m. Bresler 1986–1987eugene sunshine 1982–1986robert Bouchard 1977–1982

NorTh CArolINA

Janet Cowell 2009–presentrichard moore 2001–2009harlan Boyles (d.) 1977–2001edwin Gill (d.) 1972–1976

NorTh dAkoTA

Kelly l. schmidt 2005–presentKathi Gilmore 1993–2005robert hanson 1985–1992John steven lesmeister 1981–1984Walter Christensen (d.) 1965–1968, 1973–1979



ohIo

Josh mandel 2011–presentKevin l. Boyce 2009–2011richard Cordray 2007–2009Jennette Bradley 2004–2007Joseph Deters 1999–2004J. Kenneth Blackwell 1994–1998mary ellen Withrow 1983–1994Gertrude W. Donahey 1971–1980

oklAhomA

Ken miller 2011–presentscott meacham 2005–2011robert Butkin 1995–2005Claudette henry 1991–1994edward ellis 1987–1990leo Winters 1973–1986

oregoN

ted Wheeler 2010–presentBen Westlund 2009–2010randall edwards 2001–2009Jim hill 1993–2001tony meeker 1987–1992Bill rutherford 1984–1986Clay myers 1977–1984James a. redden 1973–1977

PeNNSylvANIA

rob mcCord 2009–presentrobin Wiessmann 2007–2009robert P. Casey Jr. 2005–2007Barbara hafer 1987–2005Catherine Baker Knoll 1989–1997G. Davis Greene Jr. 1987–1989r. Budd Dwyer 1981–1987robert e. Casey 1977–1981Grace m. sloan 1973–1977

rhode ISlANd

Gina m. raimondo 2011–presentfrank t. Caprio 2007–2011Paul tavares 1999–2007Nancy mayer 1993–1998roger Begin 1985–1989anthony solomon 1978–1984, 1989–1992raymond h. hawksley 1973–1976

SouTh CArolINA

Curtis m. loftis Jr. 2011–presentConverse a. Chellis iii 2007–2011thomas ravenel 2007Grady Patterson 1973–1994, 1999–2007richard eckstrom 1995–1998

SouTh dAkoTA

richard l. sattgast 2011–presentvernon l. larson 2003–2011richard Butler 1995–2002G. homer harding 1991–1995Janis Kelley 1990–1991David volk 1973–1990

TeNNeSSee

David h. lillard Jr. 2009–presentDale sims 2003–2009steve adams 1987–2003harlan mathews 1974–1986

TexAS

susan Combs 2007–presentCarole Keeton strayhorn 1999–2007John sharp 1996–1998martha Whitehead 1993–1996Kay Bailey hutchison 1991–1993ann W. richards 1983–1990Warren G. harding 1978–1982Jesse James 1973–1977



uTAh

richard K. ellis 2009–presentedward alter 1981–2009linn C. Baker 1965–1968, 1977–1981David l. Duncan 1973–1977

vermoNT

Beth Pearce 2011–presentJeb spaulding 2003–2011Jim Douglas 1995–2002Paul W. ruse 1989–1994stella sims 1987–1989

vIrgINIA

manju Ganeriwala 2009–presentJ. Braxton Powell 2006–2008Jody Wagner 2002–2006mary morris 1999–2001susan Dewey 1996–1999ronald tillett 1993–1996eddie N. moore Jr. 1990–1993alice handy 1988–1990William Clay Wiley 1986–1988C.J. “Burr” Boehm 1981–1986robert C. Watts Jr. 1974–1981

wAShINgToN

James l. mcintire 2009–presentmichael J. murphy 1997–2009Daniel Grimm 1989–1996robert s. o’Brien 1965–1988

weST vIrgINIA

John D. Perdue 1997–presentlarrie Bailey 1976–1984, 1990–1996thomas loehr 1989–1990James manchin 1984–1989John h. Kelly 1960–1975

wISCoNSIN

Kurt schuller 2011–presentDawn marie sass 2007–2011Jack voight 1995–2007Cathy Zeuske 1991–1994Charles P. smith 1971–1990

wyomINg

mark Gordon 2012–presentJoseph B. meyer 2007–2012Cynthia lummis 1999–2007stan smith 1983–1998shirley Wittler 1979–1982edwin Witzenberger 1977–1978James Griffith 1973–1977



exeCuTIve dIreCTor

JoNathaN laWNiCZaK .....................................................................................859-244-8175

dIreCTor oF FederAl relATIoNS

Peter Barrett .................................................................................................... 202-624-8592

oFFICe mANAger

WaNDa BirCh .......................................................................................................859-244-8175

CommuNICATIoNS dIreCTor

lisa ClevelaND ...................................................................................................859-244-8151

memberShIP ServICeS mANAger

Kore DoNNellY ...................................................................................................859-244-8173

meeTINg ANd mArkeTINg dIreCTor

aDNée hamiltoN ................................................................................................ 859-244-8174

ASSoCIATe dIreCTor

Chris huNter .......................................................................................................859-244-8177

NAuPA ASSoCIATIoN dIreCTor

DaviD milBY ..........................................................................................................859-244-8150

NAST Staff members


NAST IS AN AFFIlIATe oF The CouNCIl oF STATe goverNmeNTS, which represents state officials from the executive, legislative and judiciary branches. CsG conducts research and gathers information on state programs and trends. Nast members can take advantage of CsG resources, which include:

The Book of the States: a reference tool of choice for more than half a century, providing information, answers and comparisons for all 56 u.s. states and territories.

Capitol Ideas magazine: Published six times a year, Capitol Ideas offers insights into the hot topics facing policymakers today and innovations from other states in an easily digested format.

State Directories: the most comprehensive set of state directories published, this collection includes the names and contact information for key state government officials.

Capitol research: Policy briefs that examine the ways key issues are impacting the states, how the issues are evolving, and how the states can respond—now and in the future.

knowledge Center: an interactive website that serves as a one-stop shop for more than 600 tagged and indexed policy reports, blogs and other policy items. state government officials can browse by topic and most importantly, quickly find what they’re looking for. visit the Knowledge Center at www.knowledgecenter.csg.org.

CsG also welcomes state treasurers’ participation in its conferences and policy committees. for more information on specific opportunities, contact the Nast staff.

www.csg.org

CSg Information

nast state treasury profiles 2013 - amazon s3€¦ · state debt management network ... together...

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