FY 2016 Appropriation

The State Treasurer budget consists of one line item.

The line item has three programs:

  1. Treasury and Investment
  2. Unclaimed Property
  3. Money Management Council

Funding History
Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $3,069,000 from all sources for State Treasurer. This is a 4.2 percent reduction from Fiscal Year 2015 revised estimated amounts from all sources. The total includes $954,200 from the General/Education Funds, an increase of 2.9 percent from revised Fiscal Year 2015 estimates.

Appropriation Adjustments

In addition to statewide compensation and internal service fund cost increases, the following appropriation adjustments were made during the 2015 General Session:

DescriptionOngoingOne-Time Executive Compensation$39,500 ($39,500)
OngoingOne-TimeFinancing Source
$25,700$0General Fund
$0 ($25,700)General Fund, One-time
$13,800 ($13,800)Dedicated Credits Revenue
H.B. 368 - Executive Office Compensation (Rep. Wilson) Increases Governor salary from $109,900 to $150,000 beginning Jan. 2017. Also adjusts salary for Lt. Governor, Attorney General, State Treasurer, and State Auditor (as a percentage of the Governor's salary). Fiscal note is $184,900 ongoing GF and $32,400 from dedicated credits, but due to the delayed implementation, 100% would be backed out one-time for FY 2016 and 50% would be backed out one-time for FY 2017.
Printing and Mailing ($18,500)$0
OngoingOne-TimeFinancing Source
($18,500)$0General Fund
Through the development and enhancement of electronic processing, particularly through the conversion to paperless Public Treasurers' Investment Fund (PTIF) statements, the State Treasurer's Office has realized a savings of over $10,000 per year in printing and mailing expenses.
Treasurer Processing Automation$18,500$0
OngoingOne-TimeFinancing Source
$18,500$0General Fund
This is a reallocation from base budget reductions. The Treasurer's budget was reduced by the same amount, related to savings from printing and mailing following modernized and automated processing efforts. The cut amount was returned to the office to continue these efforts.

Intent Language

HB0003: Item 9

Under section 63J-1-603 of the Utah Code, the Legislature intends that appropriations provided to the State Treasurer in Item 21, Chapter 14, Laws of Utah 2014 not lapse at the close of Fiscal Year 2015.


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COBI contains unaudited data as presented to the Legislature by state agencies at the time of publication. For audited financial data see the State of Utah's Comprehensive Annual Financial Reports.