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Additionally, the treasurer is the vice-chairman of the Indiana Housing Finance Authority and the Indiana State Police Pension Fund. As a member of these boards, the treasurer has a wide range of influence on the state's financial management. [1] The treasurer is also the head of several of the most important state financial organizations.
Typically, they receive and deposit state monies, manages investments, and keeps track of budget surpluses and deficits. The position has powers and responsibilities similar to those of the United States Secretary of the Treasury and the Treasurer of the United States , or the chief financial officer of a corporation .
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The new treasurer will also have to manage investments in the state’s pension fund, worth over $122 billion. This fund provides retirement benefits to nearly a million public employees.
North Carolina State Treasurer's Office in State Capitol, c. 1890s The Fundamental Constitutions of Carolina , adopted in 1669, provided for a treasurer to handle "all matters that concern the public revenue and treasury" with the assistance of 6 undertreasurers and 12 auditors. [ 1 ]
The Local Government Commission is a subagency within the North Carolina Department of State Treasurer. [1] [2] The body is made up of nine members: the state treasurer, who serves as its chair; the state auditor, the secretary of state, the secretary of revenue, three gubernatorial appointees, one State House appointee, and one State Senate appointee.
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Kelly Mitchell (born 1966/1967) [1] is an American politician and businesswoman who served as the 54th Indiana State Treasurer. She was elected treasurer on November 4, 2014, and assumed office early on November 18, 2014. She replaced interim Treasurer, Daniel Huge, who took over after Richard Mourdock resigned. [2]