Iowa Treasurer of State

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Iowa Treasurer

Seal of Iowa.jpg

General information
Office Type:  Partisan
Office website:  Official Link
Compensation:  $103,212
2024 FY Budget:  $2,959,825,394
Term limits:  None
Structure
Length of term:   4 years
Selection Method:  Elected
Current Officeholder

Iowa Treasurer of State Roby Smith
Republican Party
Assumed office: 2023-01-01

Elections
Next election:  November 3, 2026
Last election:  November 8, 2022
Other Iowa Executive Offices
Governor • Lieutenant Governor • Secretary of State • Attorney General • Treasurer • Auditor • Secretary of Agriculture • Director of Education • Insurance Commissioner • Natural Resources Director • Labor Commissioner • Utilities Board

The Treasurer of the State of Iowa is the chief financial officer of the government of Iowa. The treasurer is elected to serve a four-year term concurrent with the term of the governor. The Iowa Treasurer's Office is responsible for maintaining state funds and acting as the state's bank. The main duties of the office include receiving and distributing state funds as needed, investing state money, maintaining the accounts of the state and coordinating financial planning.[1]

Current officeholder

The current Iowa Treasurer of State is Roby Smith (R). Smith assumed office in 2023.

Authority

The Iowa Treasurer of State's powers, term of office, etc. are derived from Article VI of the Iowa Constitution.

Article IV, Section 22:

A secretary of state, an auditor of state and a treasurer of state shall be elected by the qualified electors at the same time that the governor is elected and for a four-year term commencing on the first day of January next after their election, and they shall perform such duties as may be provided by law.

Qualifications

Note: Ballotpedia's state executive officials project researches the constitutional or statutory text that establishes the requirements necessary to qualify for a state executive office. That information for the Iowa Treasurer of State has not yet been added. After extensive research, we were unable to identify any relevant information on state official websites. If you have any additional information about this office for inclusion on this section and/or page, please email us.

Elections

Iowa state government organizational chart

According to Article 4, Section 22 of the Iowa Constitution, the treasurer, along with the secretary of state and auditor, are elected to serve for a term of four years in length, which runs concurrently with the term of the governor. The election is held in November and the statewide official takes office the following January.

Article 4, Section 22:

A secretary of state, an auditor of state and a treasurer of state shall be elected by the qualified electors at the same time that the governor is elected and for a four-year term commencing on the first day of January next after their election, and they shall perform such duties as may be provided by law.

2022

See also: Iowa Treasurer election, 2022

General election

General election for Iowa Treasurer of State

Roby Smith defeated incumbent Michael L. Fitzgerald in the general election for Iowa Treasurer of State on November 8, 2022.

Candidate
%
Votes
✔
Image of https://s3.amazonaws.com/ballotpedia-api4/files/thumbs/100/100/Roby-Smith.PNG
Roby Smith (R)
 
51.3
 
614,943
Image of https://s3.amazonaws.com/ballotpedia-api4/files/thumbs/100/100/Michael_Fitzgerald.jpg
Michael L. Fitzgerald (D)
 
48.7
 
584,021
 Other/Write-in votes
 
0.1
 
667

Incumbents are bolded and underlined. The results have been certified. Source

Total votes: 1,199,631
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
If you are a candidate and would like to tell readers and voters more about why they should vote for you, complete the Ballotpedia Candidate Connection Survey.

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Democratic primary election

Democratic primary for Iowa Treasurer of State

Incumbent Michael L. Fitzgerald advanced from the Democratic primary for Iowa Treasurer of State on June 7, 2022.

Candidate
%
Votes
✔
Image of https://s3.amazonaws.com/ballotpedia-api4/files/thumbs/100/100/Michael_Fitzgerald.jpg
Michael L. Fitzgerald
 
99.8
 
145,929
 Other/Write-in votes
 
0.2
 
235

Incumbents are bolded and underlined. The results have been certified. Source

Total votes: 146,164
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
If you are a candidate and would like to tell readers and voters more about why they should vote for you, complete the Ballotpedia Candidate Connection Survey.

Do you want a spreadsheet of this type of data? Contact our sales team.

Republican primary election

Republican primary for Iowa Treasurer of State

Roby Smith advanced from the Republican primary for Iowa Treasurer of State on June 7, 2022.

Candidate
%
Votes
✔
Image of https://s3.amazonaws.com/ballotpedia-api4/files/thumbs/100/100/Roby-Smith.PNG
Roby Smith
 
99.6
 
164,191
 Other/Write-in votes
 
0.4
 
603

There were no incumbents in this race. The results have been certified. Source

Total votes: 164,794
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
If you are a candidate and would like to tell readers and voters more about why they should vote for you, complete the Ballotpedia Candidate Connection Survey.

Do you want a spreadsheet of this type of data? Contact our sales team.

2018

See also: Iowa Treasurer election, 2018

General election

General election for Iowa Treasurer of State

Incumbent Michael L. Fitzgerald defeated Jeremy Davis and Timothy Hird in the general election for Iowa Treasurer of State on November 6, 2018.

Candidate
%
Votes
✔
Image of https://s3.amazonaws.com/ballotpedia-api4/files/thumbs/100/100/Michael_Fitzgerald.jpg
Michael L. Fitzgerald (D)
 
54.8
 
710,426
Image of https://s3.amazonaws.com/ballotpedia-api4/files/thumbs/100/100/Jeremy_Davis.jpg
Jeremy Davis (R)
 
42.7
 
553,691
Silhouette Placeholder Image.png
Timothy Hird (L)
 
2.4
 
31,268
 Other/Write-in votes
 
0.0
 
465

Incumbents are bolded and underlined. The results have been certified. Source

Total votes: 1,295,850
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
If you are a candidate and would like to tell readers and voters more about why they should vote for you, complete the Ballotpedia Candidate Connection Survey.

Do you want a spreadsheet of this type of data? Contact our sales team.

Democratic primary election

Democratic primary for Iowa Treasurer of State

Incumbent Michael L. Fitzgerald advanced from the Democratic primary for Iowa Treasurer of State on June 5, 2018.

Candidate
%
Votes
✔
Image of https://s3.amazonaws.com/ballotpedia-api4/files/thumbs/100/100/Michael_Fitzgerald.jpg
Michael L. Fitzgerald
 
100.0
 
156,225

Incumbents are bolded and underlined. The results have been certified.

Total votes: 156,225
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
If you are a candidate and would like to tell readers and voters more about why they should vote for you, complete the Ballotpedia Candidate Connection Survey.

Do you want a spreadsheet of this type of data? Contact our sales team.

2014

See also: Iowa down ballot state executive elections, 2014
Iowa Treasurer, 2014
Party Candidate Vote % Votes
     Democratic Green check mark transparent.pngMichael Fitzgerald Incumbent 52.9% 576,942
     Republican Sam Clovis 43.7% 476,633
     Libertarian Keith Laube 3.4% 36,945
     Nonpartisan Write-in votes 0.1% 670
Total Votes 1,091,190
Election results via Iowa Secretary of State

Vacancies

The Iowa Constitution describes the process for filling vacancies:

A secretary of state, an auditor of state and a treasurer of state shall be elected by the qualified electors at the same time that the governor is elected and for a four-year term commencing on the first day of January next after their election, and they shall perform such duties as may be provided by law.[2]

Duties

The treasurer is responsible for maintaining the state funds and acting as the state's bank. The main duty of the office include receiving and distributing state funds as needed. The office invests the state money as it sees fit, maintains the accounts of the state and coordinates financial planning. The office is also responsible for all unclaimed property in the state and keeping track of bonds issued. The treasurer also sits on many state boards.[3]

Divisions

As of January 24, 2021, the treasurer's office contains the following divisions:

  • Treasury Operations
  • Administration
  • Information Tech
  • Unclaimed Property
  • Consumer Programs[4]

State budget

See also: Iowa state budget and finances

The Treasurer of State's proposed budget for Fiscal Year 2024 was $2,959,825,394.[5]

Compensation

See also: Compensation of state executive officers

The salaries of elected and appointed executives in Iowa are determined by the Iowa State Legislature.[6]

2022

In 2022, the officer's salary was $103,212, according to the Council of State Governments.[7]

2021

In 2021, the treasurer received a salary of $103,212, according to the Council of State Governments.[8]

2020

In 2020, the treasurer received a salary of $103,212, according to the Council of State Governments.[9]

2019

In 2019, the treasurer received a salary of $103,212, according to the Council of State Governments.[10]

2018

In 2018, the treasurer received a salary of $103,212, according to the Council of State Governments.[11]

2017

In 2017, the treasurer received a salary of $103,212, according to the Council of State Governments.[12]

2016

In 2016, the treasurer received a salary of $103,212, according to the Council of State Governments.[13]

2015

In 2015, the treasurer received a salary of $103,212, according to the Council of State Governments.[14]

2014

In 2014, the treasurer received a salary of $103,212, according to the Council of State Governments.[15]

2013

In 2013, the treasurer received a salary of $103,212, according to the Council of State Governments.[16]

2012

In 2012, the treasurer received a salary of $103,212, according to the Council of State Governments.

Historical officeholders

There have been 25 Iowa Treasurers of State since 1846. Of the 25 officeholders, 20 were Republican and five were Democrat.[17]

Recent news

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

Iowa Treasurer of State - Google News

Contact information

Iowa State Treasurer's Office
Capitol Building
Des Moines, IA 50319

Phone: 515-281-5368
Fax: 515-281-7562
Email: treasurer@tos.iowa.gov

See also

External links

Footnotes

  1. ↑ Iowa State Treasurer, "Our responsibilities" accessed January 24, 2021
  2. ↑ Iowa Legislature, "Iowa Constitution," accessed January 24, 2021
  3. ↑ Iowa State Treasurer, "Our Responsibilities" accessed January 24, 2021
  4. ↑ Iowa Legislature, "Organizational Chart," accessed January 24, 2021
  5. ↑ Iowa Budget Report, "FY2024," accessed December 8, 2023
  6. ↑ The Iowa Legislature, "Chapter 1219," accessed January 24, 2021
  7. ↑ Council of State Governments, "Book of the States 2022 Table 4.11: Selected State Administrative Officials: Annual Salaries," provided to Ballotpedia by CSG personnel
  8. ↑ Issuu, "The Book of the States 2021," accessed September 22, 2022
  9. ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2020," accessed January 24, 2021
  10. ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2019," accessed January 24, 2021
  11. ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2018," accessed January 24, 2021
  12. ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2017," accessed January 24, 2021
  13. ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2016," accessed August 27, 2016
  14. ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2015," accessed August 27, 2016
  15. ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries," accessed November 14, 2014
  16. ↑ The Council of State Governments, "Book of the States 2013, Table 4.11," accessed February 2, 2014
  17. ↑ Iowa Official Register 2019-2020, "Secretaries of Agriculture," accessed January 24, 2021
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