North Dakota Treasurer

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North Dakota Treasurer

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General information
Office Type:  Partisan
Office website:  Official Link
Compensation:  $112,241
2023-25 FY Budget:  $1,986,869
Term limits:  None
Structure
Length of term:   4 years
Authority:  Article V, Section 2
Selection Method:  Elected
Current Officeholder

North Dakota Treasurer Thomas Beadle
Republican Party
Assumed office: January 1, 2021

Elections
Next election:  November 7, 2028
Last election:  November 5, 2024
Other North Dakota Executive Offices
GovernorLieutenant GovernorSecretary of StateAttorney GeneralTreasurerAuditorSuperintendent of EducationAgriculture CommissionerInsurance CommissionerNatural Resources CommissionerLabor CommissionerPublic Service CommissionTax Commissioner

The North Dakota Treasurer is an elected executive position in the North Dakota state government. The office manages the state's investments, pays all warrants or checks drawn against the state, and dispenses over 30 tax distributions to political subdivisions.[1]

Current officeholder

The current officeholder is Republican Thomas Beadle. He was first elected in 2020.[2]

Authority

The state Constitution establishes the office of treasurer in Article V, Section 2:[3]

The qualified electors of the state at the times and places of choosing members of the legislative assembly shall choose a governor, lieutenant governor, agriculture commissioner, attorney general, auditor, insurance commissioner, three public service commissioners, secretary of state, superintendent of public instruction, tax commissioner, and treasurer...

Term Length

See also: North Dakota State and County Official Term Lengths, Initiative 5 (1964)

The four-year term length was established after an initiated constitutional amendment on the 1964 ballot was approved. Prior to this, the term length was two years.[4]

Qualifications

Article V, Section 4 of the North Dakota Constitution establishes the qualifications to hold the office of treasurer:

  • qualified North Dakota voter
  • at least 25 years old
  • a resident of North Dakota for at least the five preceding years
To be eligible to hold an elective office established by this article, a person must be a qualified elector of this state, must be at least twenty-five years of age on the day of the election, and must have been a resident of this state for the five years preceding election to office. To be eligible to hold the office of governor or lieutenant governor, a person must be at least thirty years old on the day of the election. The attorney general must be licensed to practice law in this state.[3]

Vacancies

Article V, Section 8 addresses vacancies in state executive offices. In the event of a vacancy, the governor nominates a successor who must be confirmed by the state Senate. Once confirmed, the individual serves the remainder of the unexpired term.[3]

Duties

The treasurer is responsible for managing the state funds. Chapter 54-11 of the North Dakota Century Code outlines the specific duties of the office:[5]

  • ensure the legality of all deposits to and withdrawals from the state treasury, and record all transactions
  • maintain a record of all revenues and expenditures of state agencies
  • provide a report, within 90 days of the beginning of each fiscal year, to the budget section of the legislative assembly
  • provide a biennial report to the governor and secretary of state
  • make all books and records available for inspection at all times by the governor, the state auditor, the commissioner of financial institutions, the office of management and budget, and any committee appointed to examine them by either house of the legislative assembly
  • work to provide public access to financial education tools

Additionally, the treasurer serves on the Board of University and School Lands, the State Board of Equalization, the State Historical Board, the State Investment Board, the Teacher's Fund for Retirement Board, and the State Canvassing Board.[1]

Elections

The treasurer in North Dakota is popularly elected every four years in presidential election years. The term of office is four years.[3]

2024

See also: North Dakota Treasurer election, 2024

General election candidates

Democratic Party Democratic primary candidates

No candidates filed for the Democratic Party primary.

    Republican Party Republican primary candidates

    2020

    See also: North Dakota Treasurer election, 2020

    General election candidates

    Democratic Party Democratic primary candidates

    Republican Party Republican primary candidates

    2016

    See also: North Dakota Treasurer election, 2016

    The general election for State Treasurer was held on November 8, 2016.

    Incumbent Kelly Schmidt defeated Tim Mathern and Eric Olson in the North Dakota treasurer election.

    North Dakota Treasurer, 2016
    Party Candidate Vote % Votes
         Republican Green check mark transparent.png Kelly Schmidt Incumbent 62.95% 204,733
         Democratic Tim Mathern 29.27% 95,191
         Libertarian Eric Olson 7.63% 24,829
    Write-in votes 0.15% 491
    Total Votes 325,244
    Source: North Dakota Secretary of State

    Full history


    Divisions

    Updated January 26, 2021
    North Dakota State Treasurer's Office Organizational Chart as of November 2011.

    The treasurer's office is separated into five divisions:[1]

    • Accounting
    • Cash Management
    • Financial Literacy
    • Investments
    • Tax Collections and Distribution

    State budget

    See also: North Dakota state budget and finances

    The budget for the Office of the Treasurer for the 2023-25 biennium was $1,986,869.[6]

    Compensation

    See also: Compensation of state executive officers

    The treasurer is legally entitled to an annual salary in accordance with Title 54 of the North Dakota Century Code. Taking into account value adjustments, the statute contains compensation figures for the previous and current year only.[7] The treasurer's pay may not be increased or diminished effective during the current term.

    2022

    In 2022, the officer's salary was $112,241, according to the Council of State Governments.[8]

    2021

    In 2021, the treasurer received a salary of $110,582, according to the Council of State Governments.[9]

    2020

    In 2020, the treasurer received a salary of $107,885, according to the Council of State Governments.[10]

    2019

    In 2019, the treasurer received a salary of $96,881, according to the Council of State Governments.[11]

    2018

    In 2018, the treasurer received a salary of $96,881, according to the Council of State Governments.[12]

    2017

    In 2017, the treasurer received a salary of $96,881, according to the Council of State Governments.[13]

    2016

    In 2016, the treasurer received a salary of $96,972, according to the Council of State Governments.[14]

    2015

    In 2015, the treasurer received a salary of $94,148, according to the Council of State Governments.[15]

    2014

    In 2014, the treasurer was paid an estimated $91,406, according to the Council of State Governments.[16]

    2013

    In 2013, the treasurer was paid an estimated $87,890, according to the Council of State Governments.[17]

    Historical officeholders

    There have been 34 treasurers of North Dakota since 1889. Four individuals, John Steen, Albert Jacobson, Walter Christensen, and Robert E. Hanson, served two non-consecutive terms.[1]

    Recent news

    The link below is to the most recent stories in a Google news search for the terms North Dakota State Treasurer. These results are automatically generated from Google. Ballotpedia does not curate or endorse these articles.

    Contact information

    North Dakota State Treasurer
    600 East Boulevard Ave, Department 120
    Bismarck , ND 58505-0600

    Phone: (701) 328-2643
    Fax: (701) 328-3002

    See also

    North Dakota State Executive Elections News and Analysis
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    North Dakota State Executive Offices
    North Dakota State Legislature
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    North Dakota elections: 2025202420232022202120202019201820172016
    Party control of state government
    State government trifectas
    State of the state addresses
    Partisan composition of governors

    External links

    Footnotes

    1. 1.0 1.1 1.2 1.3 Office of the North Dakota State Treasurer, "About the Office of State Treasurer," accessed October 16, 2024
    2. Office of the North Dakota State Treasurer, "Meet the Treasurer," accessed January 26, 2021
    3. 3.0 3.1 3.2 3.3 North Dakota State Legislature, "Constitution," accessed January 26, 2021
    4. North Dakota Legislative Branch, "Measures Before the Voters," accessed January 26, 2021
    5. North Dakota Legislative Branch, "Century Code," accessed January 26, 2021
    6. North Dakota Legislature, "68th Legislative Assembly State Budget Actions for the 2023-25 Biennium," accessed December 6, 2023
    7. North Dakota Century Code "Treasurer-Title 54 Chapter 11," accessed January 26, 2021
    8. Council of State Governments, "Book of the States 2022 Table 4.11: Selected State Administrative Officials: Annual Salaries," provided to Ballotpedia by CSG personnel
    9. Issuu, "The Book of the States 2021," accessed September 28, 2022
    10. Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2020," accessed January 26, 2021
    11. Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2019," accessed January 26, 2021
    12. Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2018," accessed January 26, 2021
    13. Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2017," accessed January 26, 2021
    14. Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2016," accessed January 26, 2021
    15. Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2015," accessed January 26, 2021
    16. Council of State Governments, "Selected State Administrative Officials: Annual Salaries," accessed January 26, 2021
    17. Council of State Governments, "Selected State Administrative Officials: Annual Salaries," January 26, 2021