Nov 06, 2018
Dec 03, 2017 - Mar 06, 2018
The Treasurer of the State of Alabama is the chief financial officer of the government of Alabama. The treasurer acts as the state's bank; he receives funds in the form of tax revenues, fees and other payments, and manages the state's investment funds. He also oversees the state's relationship with the network of private banks it does business with, operates the state's unclaimed property fund, and issues state bonds. The office of state treasurer "is responsible for multiple state financial interests, including unclaimed property, cash management, bonds, the Alabama Trust Fund, and more." Some of the office's specific duties include: Restoring unclaimed property to its owners; Supervising and maintaining records of the issue of state bonds; Collecting, investing and disbursing state funds, including from the state's trust fund. Managing cash flow for state agencies; Promoting financial literacy among Alabamans. The current salary for the office is $85,248/year.