Kentucky State Treasurer
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The treasurer is responsible for maintaining the state funds and acting as the state's bank. They serve four-year terms.
Current officeholder
The current treasurer of Kentucky is Todd Hollenbach (D). He is the 37th state treasurer, was elected in 2007, and is seeking re-election in 2011, having claimed the Democratic Party nomination during the May 17 primaries.
Authority
The office of state treasurer is established in the Executive Department Article of the Kentucky Constitution.
Executive Department Article, Section 91:
| A Treasurer, Auditor of Public Accounts, Commissioner of Agriculture, Labor and Statistics, Secretary of State, and Attorney-General, shall be elected by the qualified voters of the State at the same time the Governor and Lieutenant Governor are elected, for the term of four years... |
Qualifications
Executive Department Article, Section 91 of the Kentucky Constitution establishes the qualifications of the office:
| ...each of whom shall be at least thirty years of age at the time of his election, and shall have been a resident citizen of the State at least two years next before his election. |
- at least 30 years old at time of election
- resident of Kentucky for at least two years
Elections
Kentucky elects treasurers in off-year gubernatorial elections. For the state of Kentucky, treasurer election years include 2007, 2011, 2015, 2019.
According to state law, the inauguration always takes place the first Monday in January following their election.
Term limits
Kentucky state treasurers are limited to serving two four-year terms.
Duties
The treasurer's duties include:
- Act as head of the treasury KRS 041.020
- Create and manage the state's depository KRS 041-070
- Make record of all monies due and payable to the state KRS 041-100
- Process warrants from the Finance and Administration Cabinet KRS 041-150
- Make payments on behalf of the state KRS 041-160
- Make an annual report KRS 041-340
Divisions of the Office
The Treasury Department is divided into three main divisions - General Administration & Support, Disbursements and Accounting, and Unclaimed Property.
Division of General Administration & Support
| Contact General Administration & Support | ||
|---|---|---|
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Division of Disbursements & Accounting
| Contact Disbursements & Accounting | ||
|---|---|---|
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Division of Unclaimed Property
- The Division of Unclaimed Property works to find taxpayers who are owed money from the unclaimed property fund. This usually consists of payroll checks, unclaimed safety deposit boxes and vendor checks.
| Contact Unclaimed Property | ||
|---|---|---|
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Compensation
In 2011, the Kentucky Treasurer's salary is estimated at $110,346 according to Open Door Kentucky.[2]
Former officeholders
From 1792 to 1992, there were 33 Kentucky State Treasurers. Three of them served more than one non-consecutive term. The constitutional prohibition against succeeding oneself was eliminated in 1992 in exchange for a two term limit.[1]
Click "show" for former officeholders.
| # | Name | Took office | Left office | Party |
|---|---|---|---|---|
| 1 | John Logan | 1792 | 1807 | |
| 2 | David Logan | 1807 | 1808 | |
| 3 | John P. Thomas | 1808 | 1818 | |
| 4 | Samuel South | 1818 | 1824 | |
| 5 | James Davidson | 1824 | 1849 | |
| 6 | Richard Curd Wintersmith | 1849 | 1857 | |
| 7 | James William Garrard | 1847 | 1865 | |
| 8 | Mason Brown | 1865 | 1867 | |
| 9 | James William Tate | 1867 | 1888 | |
| 10 | Steven G. Sharpe | 1888 | 1890 | |
| 11 | Henry S. Hale | 1890 | 1895 | |
| 12 | George W. Long | 1896 | 1900 | Republican |
| 13 | Walter R. Day | 1900 | Unseated | Republican |
| 14 | Samuel Wilbur Hager | 1900 | 1904 | Democratic |
| 15 | Henry M. Bosworth | 1904 | 1908 | |
| 16 | Edwin Farley | 1908 | 1912 | Republican |
| 17 | Thomas S. Rhea | 1912 | 1916 | |
| 18 | Sherman Goodpaster | 1916 | 1920 | |
| 19 | James A. Wallace | 1920 | 1924 | |
| 20 | Edward Blan Dishman | 1924 | 1928 | |
| 21 | Emma Guy Cromwell | 1928 | 1932 | |
| 22 | Elam Huddleston | 1932 | 1936 | |
| 23 | John E. Buckingham | 1936 | 1940 | |
| 24 | Ernest Shannon | 1940 | 1944 | |
| 25 | Thomas W. Vinson | 1944 | 1948 | |
| 26 | Edward Seiller | 1948 | 1949 | |
| 27 | Pearl Frances Runyon | 1949 | 1956 | |
| 28 | Henry Carter | 1956 | 1960 | |
| 29 | Thelma Stovall | 1960 | 1964 | Democrat |
| 30 | Emerson "Doc" Beauchamp | 1964 | 1968 | |
| 31 | Thelma Stovall | 1968 | 1972 | Democrat |
| 32 | Drexell R. "Drex" Davis | 1972 | 1976 | |
| 33 | Frances Jones Mills | 1976 | 1980 | Democrat |
| 34 | Drexell R. "Drex" Davis | 1980 | 1984 | |
| 35 | Frances Jones Mills | 1984 | 1988 | Democrat |
| 36 | Robert Mead | 1988 | 1992 | |
| 37 | Frances Jones Mills | 1992 | 1996 | Democrat |
Contact Information
Kentucky State Treasurer's Office
1050 US Highway 127 South, Suite 100
Frankfort, Kentucky 40601
Email: treasury.web@ky.gov
Phone: (502) 564-4722
Fax: (502) 564-6545
See also
Elections
External links
References
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