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The word is a variant of "controller". The "cont-" or "count-" part in that word was associated with "compt-", a variant of the verb "count". The term, though criticized by lexicographers such as Henry Watson Fowler, [1] is probably retained in part because in official titles it was deemed useful to have the title dissociated from the word and concept "control".
The state treasurer serves as the chief custodian of each state's treasury and as the state's head banker. Typically, they receive and deposit state monies, manages investments, and keeps track of budget surpluses and deficits .
The treasury of a country is the department responsible for the country's economy, finance and revenue.The treasurer is generally the head of the treasury, although, in some countries (such as the United Kingdom or the United States) the treasury reports to a Secretary of the Treasury or Chancellor of the Exchequer.
Financial controller General accountant, claims auditor, and payroll officer of state government Prescribes standards for auditing local governments and reviews localities' annual financial reports Ex officio state treasurer and state fire marshal; also administers unclaimed property and regulates deathcare and insurance industries
The state treasurer assumes office by way of election. The term of office is four years, renewable once. Elections for state treasurer are held on a four-year basis concurrently with elections for the offices of governor, lieutenant governor, attorney general, secretary of state, state controller, insurance commissioner, and superintendent of public instruction.
The comptroller was elected in 1895 to a three-year term, and subsequently the state officers were elected in even years and served a two-year term concurrently with the governor. In 1926, the responsibilities of the New York State Treasurer were transferred to the comptroller as the head of the Department of Audit and Control. Since 1938, the ...
The municipal treasurer is a position of responsibility for a municipality according to the locally prevailing laws. The treasurer of a public agency is elected [1] by the voting public or is appointed by the municipal council or municipal manager. City treasurers are primarily responsible for managing the revenue and cash flow of the agency ...
Likewise, the comptroller (or a deputy) draws all warrants for payment of money on the state treasury and countersigns all checks drawn by the state treasurer on state deposits. The comptroller also prescribes the formalities for transfer of evidences of state debt and countersigns such papers. [7] [8]
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