Xrthnty

Treasurer of Indiana
	; Seal of Indiana;
	; ; Incumbent; Kelly Mitchell; since January 7, 2015;
Term length	; 4 years
Inaugural holder	; Daniel Crosby Lane; November 7, 1816
Formation	; Indiana Constitution; 1816
Salary	; $66,000
Website	; http://www.in.gov/tos/;

The Indiana Treasurer of State is a constitutional and elected office in the executive branch of the government of Indiana. The treasurer is responsible for managing the finances of the U.S. state of Indiana. The position was filled by appointment from 1816 until the adoption of the new Constitution of Indiana in 1851, which made the position filled by election. As of 2009, there have been fifty-three treasurers. The incumbent is Republican Kelly Mitchell who has served in the position since November 18, 2014.

Term limits and qualification

The Indiana State Treasurer is a constitutional office first established in the 1816 Constitution of Indiana, and was made largely to mirror the position of the treasurer during Indiana's territorial period. Between 1816 and until 1851, the treasurer was nominated by the governor and confirmed by the state senate. With adoption of the current constitution in 1851 the treasurer's office was filled by a public statewide election every four years.^[1]

Treasurers take office on February 10 following their election and hold office for four years. Should they resign, be impeached, or die in office the governor has the power to appoint a temporary treasurer to serve until the next general election. The new treasurer, either appointed to elected may only complete the term of the previous treasurer, not serve a new four-year term. A treasurer may be elected to consecutive terms, but may serve no more than eight years in any twelve-year period.^[1] As of 2007, the salary for the treasurer is $66,000 annually.^[2]

Powers

John J. Cooper, Treasurer from 1883 to 1887

The treasurer's powers are both constitutional and statutory. The treasurer's constitutional powers make him the chief financial officer of the state government and give him control over all of the state's financial assets. Because the state operates with a large reserve fund, this give the treasurer control over a large amount of money. In 2007, the total state portfolio was valued at over $5 billion.^[1] The treasurer is permitted to invest the funds several different ways, including investments in United States Treasury securities, certificates of deposit, repurchase agreements, and money market mutual funds.^[1]

The Indiana General Assembly has assigned the treasurer additional statutory power and made him a member of the state Board of Finance, Indiana Finance Authority, Indiana Transportation Finance Authority, State Office Building Commission, Recreational Development Commission, Indiana Grain Indemnity Fund Board, Indiana Underground Storage Tank Financial Assurance Board, and the Indiana Heritage Trust Committee. 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. The treasurer is chairman of the Indiana Bond Bank, a state controlled bank that provides financing to municipal government to allow for large infrastructure investments. The bank then sells the debts as secured bonds on the national market. This allows local governments to secure credit a low rate of interest. The treasurer is also the chairman of the Indiana Education Savings Authority which manages savings accounts for college educations. The treasurer chairs the Public Deposit Insurance Fund and the Board for Depositories that insures the deposits of municipal governments in the state, much as the Federal Deposit Insurance Corporation insures private accounts, except without limiting the amount of the insurance.^[3] The Indiana Institute for Public Funds Management is private organization that was developed to provide financial education for municipal government leaders. The treasurer is designated by the organization its chairman.^[2]

List of treasurers

  Democratic-Republican
  Democratic
  Whig
  Republican

Territorial treasurers

#	Name	Took office	Left office	Party	Hometown	Notes
1	Davis Floyd	1814	1816	Democratic-Republican	Corydon, Indiana

State treasurers

#	Name	Took office	Left office	Party	Hometown	Notes
1	Daniel Crosby Lane	November 16, 1816	December 28, 1822	Democratic-Republican	Harrison County, Indiana
2	Samuel Merrill	December 28, 1822	February 13, 1834	Whig	Corydon & Indianapolis, Indiana
3	Nathan B. Palmer	February 13, 1834	February 9, 1841	Democrat	Jefferson County, Indiana
4	George H. Dunn	February 9, 1841	February 9, 1844	Whig	Jefferson County, Indiana
5	Royal Mayhew	February 9, 1844	February 9, 1847	Democrat	Lawrenceburg, Indiana
6	Samuel Hannah	February 9, 1847	February 9, 1850	Whig	Shelby County, Indiana
7	James P. Drake	February 9, 1850	February 9, 1853	Democrat	Indianapolis, Indiana
8	Elijah Newland	February 9, 1853	February 9, 1855	Democrat	Washington County, Indiana
9	William R. Nofsinger	February 9, 1855	February 9, 1857	Republican	Parke County, Indiana
10	Aquilla Jones	February 9, 1857	February 9, 1859	Democrat	Columbus, Indiana
11	Nathaniel G. Cunningham	February 9, 1859	February 9, 1861	Democrat	Vigo County, Indiana
12	Jonathan S. Harvey	February 9, 1861	February 9, 1863	Republican	Jeffersonville, Indiana
13	Matthew L. Brett	February 9, 1863	February 9, 1865	Democrat	Daviess County, Indiana
14	John I. Morris	February 9, 1865	February 9, 1867	Republican	Salem, Indiana
15	Nathan Kimball	February 9, 1867	February 9, 1871	Republican	Loogootee, Indiana
16	James B. Ryan	February 9, 1871	February 9, 1873	Democratic	Indianapolis, Indiana
17	John B. Glover	February 9, 1873	February 9, 1875	Republican	Bedford, Indiana
18	Benjamin C. Shaw	February 9, 1875	February 9, 1879	Democrat	Indianapolis, Indiana
19	William Fleming	February 9, 1879	February 5, 1881	Democrat	Fort Wayne, Indiana
20	Roswell S. Hill	February 5, 1881	February 9, 1883	Republican	Brazil, Indiana
21	John J. Cooper	February 9, 1883	February 9, 1887	Democrat	Indianapolis, Indiana
22	Julius A. Lemcke	February 9, 1887	February 9, 1891	Republican	Evansville, Indiana
23	Albert Gail	February 9, 1891	February 9, 1895	Democrat	Indianapolis, Indiana
24	Frederick J. Scholz	February 9, 1895	February 10, 1899	Republican	Evansville, Indiana
25	Leopold Levy	February 10, 1899	February 9, 1903	Republican	Indianapolis, Indiana
26	Nathaniel U. Hill	February 9, 1903	February 10, 1907	Republican	Bloomington, Indiana
27	Oscar C. Hadley	February 10, 1907	February 9, 1911	Republican	Plainfield, Indiana
28	William H. Vollmer	February 10, 1911	February 10, 1915	Democrat	Vincennes, Indiana
29	George A. Bittler	February 10, 1915	February 10, 1917	Democrat	Fort Wayne, Indiana
30	Uz McMurtie	February 10, 1917	February 10, 1921	Republican	Marion, Indiana
31	Ora J. Davies	February 10, 1921	February 10, 1925	Republican	Kokomo, Indiana
32	Bernhardt H. Urbahns	February 10, 1925	January 22, 1926	Republican	Indianapolis, Indiana	^[4]
33	Grace Urbahns	January 22, 1926	February 10, 1931	Republican	Indianapolis, Indiana	^[5]
34	William Storen	February 10, 1931	February 10, 1935	Democrat	Scottsburg, Indiana
35	Peter Hein	February 10, 1935	February 10, 1939	Democrat	Crown Point, Indiana
36	Joseph M. Robertson	February 10, 1939	February 10, 1941	Democrat	Brownstown, Indiana
37	James M. Givens	February 10, 1941	February 10, 1945	Republican	Porter, Indiana
38	Frank T. Millis	February 10, 1945	February 10, 1949	Republican	Campbellsburg, Indiana
39	F. Shirley Wilcox	February 10, 1949	February 10, 1951	Democrat	New Albany, Indiana
40	William L. Fortune	February 10, 1951	February 10, 1953	Republican	Carmel, Indiana
42	John Peters	February 10, 1953	February 10, 1957	Republican	New Albany, Indiana
43	Adolph L. Fossler	February 10, 1957	February 10, 1959	Republican	Indianapolis, Indiana
44	Jack A. Haymaker	February 10, 1959	February 10, 1961	Democrat	Logansport, Indiana
45	Robert E. Hughes	February 10, 1961	February 10, 1963	Republican	Greenwood, Indiana
46	Jack L. New	February 10, 1965	February 10, 1967	Democratic	Greenwood, Indiana
47	John Snyder	February 10, 1967	February 10, 1971	Republican	Washington, Indiana
48	Jack L. New	February 10, 1971	February 10, 1979	Democratic	Greenfield, Indiana
49	Julian Ridlen	February 10, 1979	February 10, 1987	Republican	Logansport, Indiana
50	Majorie H. O’Laughlin	February 10, 1987	February 10, 1995	Republican	Indianapolis, Indiana
51	Joyce Brinkman	February 10, 1995	February 10, 1999	Republican	Indianapolis, Indiana
52	Tim Berry	February 10, 1999	February 10, 2007	Republican	Fort Wayne, Indiana
53	Richard Mourdock	February 10, 2007	August 29, 2014	Republican	Evansville, Indiana
54	Kelly Mitchell	January 7, 2015	Incumbent	Republican	Logansport, Indiana

Notes

^ ^a^b^c^d^e Indiana Chamber, p. 16

^ ^a^b Indiana Chamber, p. 18

^ Indiana Chamber, p. 17

^ Bernhardt H. Urbahms died in office and his wife Grace was appointed in his place. (Funk, p. 211)

^ Grace Urbahns was married during her second term and became Mrs. Grace Banta Reynolds. (Funk, p. 211)

Sources

Funk, Arville L (1983) [1969]. A Sketchbook of Indiana History. Rochester, Indiana: Christian Book Press. pp. 210&ndash, 211..mw-parser-output cite.citationfont-style:inherit.mw-parser-output qquotes:"""""""'""'".mw-parser-output code.cs1-codecolor:inherit;background:inherit;border:inherit;padding:inherit.mw-parser-output .cs1-lock-free abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center.mw-parser-output .cs1-lock-limited a,.mw-parser-output .cs1-lock-registration abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center.mw-parser-output .cs1-lock-subscription abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registrationcolor:#555.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration spanborder-bottom:1px dotted;cursor:help.mw-parser-output .cs1-hidden-errordisplay:none;font-size:100%.mw-parser-output .cs1-visible-errorfont-size:100%.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-formatfont-size:95%.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-leftpadding-left:0.2em.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-rightpadding-right:0.2em

Indiana Chamber (2007). Here's Your Indiana Government. Indiana Camber of Commerce. ISBN 978-1-883698-79-9.

External links

"State Treasurer". IN.gov. Retrieved 2008-12-01.

[ic16-1] Indiana Chamber, p. 16

[ic18-2] Indiana Chamber, p. 18

[3] Indiana Chamber, p. 17

[4] Bernhardt H. Urbahms died in office and his wife Grace was appointed in his place. (Funk, p. 211)

[5] Grace Urbahns was married during her second term and became Mrs. Grace Banta Reynolds. (Funk, p. 211)

v t e State Treasurers of the United States
United States Secretary of the Treasury: Steven Mnuchin (R)
AL Young Boozer (R) AK Sheldon Fisher (R) AZ Eileen Klein (R) AR Dennis Milligan (R) CA John Chiang (D) CO Walker Stapleton (R) CT Denise Nappier (D) DE Ken Simpler (R) FL Jimmy Patronis (R) GA Steve McCoy (R) HI Laurel Johnston (D) ID Ron Crane (R) IL Mike Frerichs (D) IN Kelly Mitchell (R) IA Michael Fitzgerald (D) KS Jake LaTurner (R) KY Allison Ball (R) LA John Schroder (R) ME Terry Hayes (I) MD Nancy Kopp (D) MA Deb Goldberg (D) MI Nick Khouri (R) MN Myron Frans (D) MS Lynn Fitch (R) MO Eric Schmitt (R) MT Mike Kadas (D) NE Don Stenberg (R) NV Dan Schwartz (R) NH Bill Dwyer (D) NJ Liz Muoio (D) NM Tim Eichenberg (D) NY Thomas DiNapoli (D) NC Dale Folwell (R) ND Kelly Schmidt (R) OH Josh Mandel (R) OK Ken Miller (R) OR Tobias Read (D) PA Joe Torsella (D) RI Seth Magaziner (D) SC Curtis Loftis (R) SD Rich Sattgast (R) TN David Lillard (R) TX Glenn Hegar (R) UT David Damschen (R) VT Beth Pearce (D) VA Manju Ganeriwala (I) WA Duane Davidson (R) WV John Perdue (D) WI Matt Adamczyk (R) WY Mark Gordon (R) DC Jeff DeWitt (D) Territories: AS Uelinitone Tonumaipea GU John Camacho MP Larrisa Larson PR Raúl Maldonado VI Margaret Guarino
Political party affiliations: 30 Republican 19 Democratic 2 Independent italics indicate closest equivalent to treasurer in this state

v t e Government of Indiana
*_Indianapolis_(capital)"> Indiana Statehouse Indianapolis (capital)
Executive	Governor Previous Governors Lieutenant Governor Attorney General Auditor Secretary of State Treasurer Superintendent of Public Instruction
Legislature	General Assembly Senate House of Representatives Speaker of the House
Judiciary	Supreme Court Court of Appeals Tax Court Circuit Court Judicial Nominating Commission
Departments	Administration Education Environmental Management Health Natural Resources State Police Transportation
Local government	County government Township government City government Town government
Law	Constitution Indiana Code Indiana Day Taxation

v t e State of Indiana
Indianapolis (capital)
Topics	Index Geography Government Governor (List) Congressional districts (Delegations) History City Nicknames National Historic Landmarks State parks Symbols Transportation Tourist Attractions Index of Indiana-related articles Outline	Seal of Indiana
Society	Hoosiers Culture Crime Demographics Economy Education Politics Party strength Sports
Regions	Central Indiana East Central Indiana Wabash Valley Northern Indiana Northeast Indiana Northwest Indiana Michiana Southern Indiana Indiana Uplands Kentuckiana Southwestern Indiana
Largest cities	Anderson Bloomington Carmel Columbus Elkhart Evansville Fishers Fort Wayne Gary Goshen Greenwood Hammond Indianapolis Jeffersonville Kokomo Lafayette Lawrence Michigan City Mishawaka Muncie New Albany Noblesville Portage Richmond South Bend Terre Haute Valparaiso Westfield
Largest towns	Brownsburg Clarksville Highland Merrillville Munster Plainfield Schererville
Counties	Adams Allen Bartholomew Benton Blackford Boone Brown Carroll Cass Clark Clay Clinton Crawford Daviess Dearborn Decatur DeKalb Delaware Dubois Elkhart Fayette Floyd Fountain Franklin Fulton Gibson Grant Greene Hamilton Hancock Harrison Hendricks Henry Howard Huntington Jackson Jasper Jay Jefferson Jennings Johnson Knox Kosciusko LaGrange Lake LaPorte Lawrence Madison Marion Marshall Martin Miami Monroe Montgomery Morgan Newton Noble Ohio Orange Owen Parke Perry Pike Porter Posey Pulaski Putnam Randolph Ripley Rush Saint Joseph Scott Shelby Spencer Starke Steuben Sullivan Switzerland Tippecanoe Tipton Union Vanderburgh Vermillion Vigo Wabash Warren Warrick Washington Wayne Wells White Whitley

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Xrthnty

Indiana State Treasurer

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