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North Carolina State Treasurer

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The North Carolina State Treasurer is a statewide elected office in the U.S. state of North Carolina responsible for overseeing the financial operations of state government. The current state treasurer is Dale Folwell .

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43-555: The office of state treasurer has existed since 1715 in the Province of North Carolina ; at that time, the treasurer was appointed by the lower house of the legislature. In 1740, the treasurer's office was divided into two districts, and in 1779, into four. In 1784, the North Carolina General Assembly brought the treasurers under one single office, appointed jointly by both houses of the legislature. Under

86-461: A county. Jails were often an important part of the courthouse but were sometimes built separately. Some county governments built tobacco warehouses to provide a common service for their most important export crop. Expansion westward began early in the eighteenth century from the provincial seats of power on the coast, particularly after the conclusion of the Tuscarora and Yamasee wars, in which

129-598: A governor in that province, whereas the lords proprietor continued to appoint the governor of North Carolina. Both Carolinas became royal colonies in 1729, after the British government had tried for nearly 10 years to locate and buy out seven of the eight lords proprietor. The remaining one-eighth share of the province was retained by members of the Carteret family until 1776, part of the Province of North Carolina known as

172-425: A new commission in 1927. In 1943 the North Carolina General Assembly amended the constitution to modify the board's membership to comprise the governor, lieutenant governor, state treasurer, superintendent, and a delegate from each of the state's congressional districts. From 1943 to 1954, by informal arrangement, the lieutenant governor served as the board's chairman. The new constitution of 1971 established that

215-478: A treasurer to handle "all matters that concern the public revenue and treasury" with the assistance of 6 undertreasurers and 12 auditors. Despite this, early colonial governors of the Province of Carolina acted as their own treasurers due to minimal revenue. After the province incurred large debts during Cary's Rebellion and the Tuscarora War , the governor and his council appointed treasurers for each of

258-476: A world sharply divided along lines of ethnicity, gender, race, and class, the tavern keepers' rum proved a solvent that mixed together all sorts of locals and travelers. The increasing variety of drinks on offer and the emergence of private clubs meeting in the taverns showed that genteel culture was spreading from London to the periphery of the English world. The courthouse was usually the most imposing building in

301-567: Is a subagency of the department and the treasurer serves ex officio as chairman of the body. The treasurer is the sole fiduciary of the governmental employee pension fund and manages the State Health Plan. As with all Council of State officers, the treasurer's salary is fixed by the General Assembly and cannot be reduced during their term of office. In 2022, the treasurer's annual salary was $ 146,421. From 1777 to 1779,

344-577: The Constitution of North Carolina , supervises and administers the public school systems of North Carolina . The board sets policy and general procedures for public school systems across the state, including teacher pay and qualifications, course content, testing requirements, and manages state education funds. The North Carolina State Board of Education consists of the Lieutenant Governor , State Treasurer , and 11 members appointed by

387-559: The Governor and confirmed by the General Assembly for eight-year terms (three at-large, eight from designated educational districts across the state). The North Carolina Superintendent of Public Instruction serves as the board's secretary. In 2009, Gov. Beverly Perdue asked the board "to redefine the duties of its chair to include the responsibilities of the newly created Chief Executive Officer, who will manage operations of

430-781: The Granville District . In 1755 Benjamin Franklin , the Postmaster-General for the American colonies, appointed James Davis as the first postmaster of North Carolina colony at New Bern . In October of that year the North Carolina Assembly awarded Davis the contract to carry the mail between Wilmington, North Carolina and Suffolk, Virginia . By the late eighteenth century, the tide of immigration to North Carolina from Virginia and

473-759: The North Carolina Constitution of 1868, the treasurer became a position elected by popular vote, rather than appointed. The North Carolina State Treasurer is an ex officio member of the North Carolina State Board of Education , the State Board of Community Colleges , the State Banking Commission, and the Council of State . The Fundamental Constitutions of Carolina , adopted in 1669, provided for

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516-479: The North Carolina General Assembly required all treasurers to be appointed by themselves and barred them from holding other public offices. In 1779 and 1782, four and one additional treasury districts were respectively added, bring the total number to seven. In 1784, the positions were folded into one office located in Hillsborough with a two-year term on a salary. Memucan Hunt was the first person to hold

559-776: The Overhill Cherokee . This barred any settlement near the headwaters of any rivers or streams that flowed westward towards the Mississippi River . It included several North Carolina rivers, such as the French Broad and Watauga . This proclamation was not strictly obeyed and was widely detested in North Carolina, but it somewhat delayed migration westward until after the Revolution. Settlers continued to flow westwards in smaller numbers, despite

602-538: The Province of Pennsylvania began to swell. The Scots-Irish ( Ulster Protestants ) from present-day Northern Ireland were the largest immigrant group from the British Isles to the colonies before the American Revolution . Indentured servants , who arrived mostly in the seventeenth and eighteenth centuries, comprised the majority of English settlers prior to the Revolution. On the eve of

645-651: The Secretary of State for the Southern Department . The governor was accountable to the Secretary of State and the Board of Trade . The governor was also responsible for commissioning officers and provisioning the provincial militia. Besides the governor, other provincial officials included a secretary, attorney general, surveyor general, the receiver general, Chief Justice, five Customs Collectors for each of

688-574: The State Board of Education , and member of the State Board of Community Colleges . They are sixth in line of succession to the governor. The treasurer leads the Department of State Treasurer, which has six divisions: Retirement Systems Division, State Health Plan Division, Investment Management Division, State and Local Government Finance Division, Financial Operations Division, and Unclaimed Property Division. The Local Government Commission

731-648: The Tennessee River valley and the Kentucke County . The oldest counties were Albemarle County (1664–1689) and Bath County (1696–1739). During the period of 1668 to 1774, 32 counties were created. As western counties, such as Anson and Rowan Counties were created, their western borders were not well defined and extended west as far as the Mississippi. Toward the end of this period, the boundaries were more well defined and extended to include

774-683: The "deluded people of this Province" would see their error and return to their allegiance to the King. The Court Act of 1746 established a supreme court, initially known as the General Court, which sat twice a year at Newbern, consisting of a Chief Justice and three Associate Justices. The 14 chief justices of the Supreme Court appointed by the King included the following: North Carolina State Board of Education The North Carolina State Board of Education , established by Article 9 of

817-592: The Charter of Carolina in 1663 for land south of the British Colony of Virginia and north of Spanish Florida . He granted the land to eight lords proprietor , namely Edward, Earl of Clarendon ; George, Duke of Albemarle ; William, Lord Craven ; John, Lord Berkeley ; Anthony, Lord Ashley ; Sir George Carteret ; Sir William Berkeley ; and Sir John Colleton . Charles granted the land in return for their financial and political assistance in restoring him to

860-513: The Cherokee lands in the west. Two important maps of the province were produced: one by Edward Moseley in 1733, and another by John Collet in 1770. Moseley was surveyor general of North Carolina in 1710 and from 1723 to 1733. He was also the first provincial treasurer of North Carolina, starting in 1715. Moseley was responsible, with William Byrd , for surveying the boundary between North Carolina and Virginia in 1728. Other maps exist dating to

903-600: The King were: The last provincial council included the following members: Governor Martin issued a proclamation on April 8, 1775, dissolving the General Assembly after they presented a resolve endorsing the Continental Congress that was to be held in Philadelphia . The provincial council met for the last time onboard HMS Cruizer in the Cape Fear River on July 18, 1775, they believed that

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946-540: The Revolution), Campbellton (established in 1762), Edenton (chartered in 1712), Halifax (chartered in 1757), Hillsborough (1754), Newbern (settled in 1710, chartered in 1723), Salisbury (chartered in 1753), and Wilmington (founded in 1732, chartered in 1739 or 1740). Each of these nine major towns had a single representative in the North Carolina House of Burgesses in 1775 . Campbellton and

989-524: The Revolution, North Carolina was the fastest-growing British colony in North America. Differences in the settlement patterns of eastern and western North Carolina , or the low country and uplands, affected the political, economic, and social life of the state from the eighteenth until the twentieth century. The small family farms of the Piedmont contrasted sharply with the plantation economy of

1032-596: The Revolution, the English and Highland Scots of eastern North Carolina tended to remain loyal to the King because of longstanding business and personal connections with Great Britain. The English, Welsh , Scots-Irish, and German settlers of western North Carolina tended to favor American independence. With no cities and very few towns or villages, the province was rural and thinly populated. Local taverns provided multiple services ranging from strong drink and beds for travelers to meeting rooms for politicians and businessmen. In

1075-491: The State was divided into two districts, Northern and Southern, each with a treasurer. From 1779 to 1782, there were six districts, each with a treasurer, as follows: Edenton, Salisbury, Hillsboro, Halifax, New Bern, Wilmington. In 1782, a seventh district-Morgan-was created. In 1784, the district system was abandoned. Province of North Carolina The Province of North Carolina , originally known as Albemarle Province ,

1118-433: The board was to "supervise and administer a free public school system and the educational funds provided for its support [...] and shall make all needed rules and regulations in relation, thereto". The document further revised the board's membership to consist of the lieutenant governor, state treasurer, and 11 gubernatorial appointees (one from each of the state's eight education districts and three others). The superintendent

1161-469: The coastal region, where wealthy planters grew tobacco and rice with slave labor . The Tidewater in eastern North Carolina was settled chiefly by immigrants from rural England and the Scottish Highlands . The upcountry of western North Carolina was settled chiefly by Scots-Irish, English and German Protestants , and the so-called cohee —poor, non-Anglican, independent farmers. During

1204-576: The early period of the Age of Discovery that depict the coastline of the province along with that of South Carolina. The ports for which there were Customs Agents in the Province of North Carolina included: Bath , Roanoke , Currituck Precinct , Brunswick (Cape Fear), and Beaufort (Topsail Inlet). There were 52 new towns established in the Province of North Carolina between 1729 and 1775. Major towns during this period included: Bath (chartered in 1705), Brunswick (founded after 1726, destroyed during

1247-452: The five ports in North Carolina, and a council. The Council advised the governor and also served as the upper house of the legislature. Members of the lower house of the legislature, the House of Burgesses, were elected from precincts (counties after 1736) and from districts (also called boroughs or towns, which were large centers of population). The eight provincial governors appointed by

1290-669: The largest barrier was removed to provincial settlement farther inland. Settlement in large numbers became more feasible over the Appalachian Mountains after the French and Indian War and the accompanying Anglo-Cherokee War , in which the Cherokee and Catawba were effectively neutralized. King George III issued the Proclamation of 1763 in order to stifle potential conflict with Indians in that region, including

1333-403: The new office. In 1795, the state treasury was relocated to Raleigh , the new capital of the state, and some of the treasurer's bookkeeping functions were given to the state comptroller. In 1868 North Carolina ratified a new constitution which stipulated that the office be filled by a popularly elected candidate with four-year terms. From 1887 to 1899, the treasurer was responsible for oversight of

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1376-582: The northern region in 1691. The partition of Carolina into the Province of North Carolina and the Province of South Carolina was completed at a meeting of the lords proprietor held at Craven House in London on December 7, 1710, although the same proprietors continued to control both colonies. The first provincial governor of North Carolina was Edward Hyde . Unrest against the proprietors in South Carolina in 1719 led King George I to directly appoint

1419-557: The prohibition, and several trans-Appalachian settlements were formed. Most prominent was the Watauga Association , formed in 1772 as an independent territory within the bounds of North Carolina which adopted its own written constitution . Notable frontiersmen such as Daniel Boone traveled back and forth across the invisible proclamation line as market hunters, seeking valuable pelts to sell in eastern settlements, and many served as leaders and guides for groups who settled in

1462-569: The public school system." Superintendent June Atkinson sued the governor and the judge ruled that the superintendent had the constitutional authority to run the system. In 1868 North Carolina ratified a constitution which provided for a system of public schools to be led by a Superintendent of Public Instruction and a State Board of Education. Under this framework, the board comprised the governor, lieutenant governor, secretary of state, state treasurer, state auditor, superintendent of public works (an office eliminated in 1873), attorney general, and

1505-416: The seven precincts of the province in 1711. In 1714 Governor Edward Hyde appointed Edward Moseley as treasurer of North Carolina and overseer of all precinct treasurers. He held the office until 1735, when he was made responsible for overseeing the "southern district" and William Downing was made responsible for the "northern district". The split system continued with different officeholders until 1776, when

1548-463: The state banking industry. North Carolina received a triple A bond credit rating for the first time in the early 1960s—during the tenure of State Treasurer Edwin M. Gill —and maintained the rating throughout the rest of his time in office. The Department of State Treasurer was created by the General Assembly in 1971. John Haywood, who served for 40 years from 1787 until 1827, was the longest-tenured treasurer. Janet Cowell , who assumed office in 2009,

1591-471: The superintendent of public instruction. It was tasked by the constitution to "make all needful rules and regulations in relation to Free Public Schools and the Educational Fund of the State." In 1901 the legislature created an equalizing fund to subsidize education expenses in counties with fewer resources. The board was responsible for the fund until the duty of administering it was transferred to

1634-413: The throne in 1660. The granted lands included all or part of the present-day U.S. states of North Carolina, Tennessee, South Carolina, Georgia, Alabama, Mississippi, and Florida. The northern half of the Province of Carolina differed significantly from the southern half, and transportation and communication were difficult between the two regions, so a separate deputy governor was appointed to administer

1677-400: The town of Cross Creek (established in 1765) were combined in 1783 to form the town of Fayetteville. There were two primary branches of government, the governor and his council and the assembly, called the House of Burgesses. All provincial officials were appointed by either the lords proprietor prior to 1728 or The King afterwards. The King received advice for appointment of the governor from

1720-487: The treasurer every four years. The office holder is not subject to term limits. In the event of a vacancy in the office, the Governor of North Carolina has the authority to appoint a successor until a candidate is elected at the next general election for members of the General Assembly. They sit on the North Carolina Council of State and are ex officio chairman of the State Banking Commission, member of

1763-575: Was a proprietary colony and later royal colony of Great Britain that existed in North America from 1712 to 1776. It was one of the five Southern colonies and one of the thirteen American colonies . The monarch of Great Britain was represented by the Governor of North Carolina , until the colonies declared independence on July 4, 1776 . "Carolina" is taken from the Latin word for " Charles " ( Carolus ), honoring King Charles II , and

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1806-429: Was first named in the 1663 Royal Charter granting to Edward, Earl of Clarendon ; George, Duke of Albemarle ; William, Lord Craven ; John, Lord Berkeley ; Anthony, Lord Ashley ; Sir George Carteret , Sir William Berkeley , and Sir John Colleton the right to settle lands in the present-day U.S. states of North Carolina, Tennessee, South Carolina, Georgia, Alabama, Mississippi, and Florida. King Charles II granted

1849-529: Was the first woman to serve as state treasurer. The incumbent, Dale Folwell , has served as treasurer since January 1, 2017. He is the first Republican to hold the office since David A. Jenkins served during the Reconstruction era from 1868 to 1876. The state treasurer is a constitutional officer . Article III, Section 7, of the Constitution of North Carolina stipulates the popular election of

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