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Manju S. Ganeriwala Virginia
VIRGINIA MANJU S. GANERIWALA TREASURER P.O. Box 1879 Richmond, VA 23218 Tel: 804-225-3131 Fax: 804-786-0833 Email: [email protected] Website: www.trs.virginia.gov/ Selection Method: Appointed by Governor Term Length: Pleasure of the Governor Term Limit: Pleasure of the Governor Served: Since January 2009 Next Election Year: Not Applicable Salary: $157,249 KEY STAFF Robert S. Young, Deputy State Treasurer 804-225-2391 [email protected] Michael R. Tutor, Executive Assistant 804-371-6011 BIOGRAPHICAL SKETCH [email protected] Born Jan. 24, 1956 in Akola, India. Currently OFFICE OF THE TREASURER resides in Henrico County. Husband’s name: Suri; two children. Bachelor of Commerce, University Total Number of Employees: 121 authorized of Bombay; M.B.A., University of Texas at Austin. Size of Treasury Annual Budget: $19,417,233 Treasurer Manju Ganeriwala was appointed State Size of Portfolio Managed by Treasury: Treasurer by Gov. Timothy M. Kaine, e"ective Jan. 1, $8,300,000,000 2009, and reappointed by Gov. Robert F. McDonnell The Treasurer reports directly to the Virginia Secre- in July 2010. Prior to her appointment, Treasurer tary of Finance, which is a cabinet position reporting Ganeriwala was Deputy Secretary of Finance, serving directly to the governor. The primary responsibilities as a key advisor to the governor on all !nancial of the treasurer are to receive, maintain custody and matters of the commonwealth, including the crafting disburse all funds collected by the state, arrange for of the biennial state budget, issuing debt, retaining and manage the short- and long-term !nancing needs Virginia’s “AAA” general obligation bond rating of the commonwealth, invest state monies, maintain and maintaining the commonwealth’s status as one cash management and banking services, administer of the best !nancially managed states. -
2018 NAST Treasury Management Training Symposium
2018 NAST Treasury Management Training Symposium June 5-8 | Buena Vista Palace | Lake Buena Vista, FL A decade ago, we set out to provide innovative analytic services that help state governments increase financial compliance and benefit their citizens. Today we find, save, or recover over half a billion dollars each year for dozens of government agencies and their citizens. www.verusfinancial.com | 1.855.NCLAIMU (855.625.2468) | general@verusfinancial.com A MESSAGE FROM NAST’S PRESIDENT I am pleased to welcome you to the 2018 National Association of State Treasurers (NAST) Treasury Management Training Symposium. For over 40 years NAST has provided advocacy, support and educational opportunities for State Treasurers, their staff, and members in non-treasury agencies that complete our affiliate networks. As an association of finance officers, we strive to advance the development and administration of sound fiscal policies, prudent management of state resources, and the ongoing support of financial wellness programs in our respective states. As our country faces a number of fiscal challenges such as aging infrastructure, rising levels of student debt, and a lack of retirement readiness and financial security, the Treasury Management Training Symposium provides a unique opportunity for our members and stakeholders to collaborate and learn from one another in solving these pressing issues. This year’s symposium offers training sessions on core functions and programs such as investing, managing pensions, overseeing state debt, the administration of unclaimed property, as well as outreach initiatives, such as administering ABLE plans, promoting financial literacy, and improving the affordability of post-secondary education. I would like to thank the entire NAST leadership team for their hard work and continued efforts to improve the organization and serve our membership. -
NASACT News, August 2012
keeping stateNASACT fiscal officials informed news Volume 32, Number 8 August 2012 Seattle Sets the Scene for NASACT’s 97th Annual Conference By Glenda Johnson, Communications Manager ASACT President Ronald L. Jones, chief examiner of Alabama, speakers can be found on page 3. Nrecently welcomed members, corporate partners and guests At a luncheon on Monday, President Jones announced the to Seattle for NASACT’s ninety-seventh annual conference. 2012 Presidents Awards, which are given each year at the The event was held on August 11-15 at the Grand Hyatt Seattle. discretion of the president to recognize service to the association Attendees were also welcomed by the Washington State hosts and its members. This year’s recipients were: Brian Sonntag, state auditor; Marty Brown, director of the Offi ce of Financial Management; James McIntire, state treasurer; and Keenan • Auston Johnson, state auditor of Utah, who was recognized Konopaski, legislative auditor. for his longstanding dedication to NASACT, his effort and The conference began with a number of meetings and leadership to represent NASACT’s views in the standards- networking opportunities. On Saturday, August 11, some setting process over the years, and his continued dedication attendees participated in the annual golf scramble, which was to improving government effi ciency and accountability. held at the Golf Club at Newcastle. On Saturday evening, • Richard Eckstrom, comptroller general of South Carolina, attendees were treated to refreshments at the welcoming who was recognized for his service through testimony before hospitality reception after a day of golf or travel. The annual the Governmental Accounting Standards Board on the issue 5K fun run/walk was held Sunday, August 12, where over 80 of Economic Condition Reporting: Financial Projections, participants enjoyed a beautiful morning on the Elliott Bay his representation of NASACT in an international exchange waterfront. -
2015 Request for Rule-Making to Require General Partners to Make Better Disclosure of Private Equity Expenses to Limited P
Chair Mary Jo White Securities and Exchange Commission 100 F Street, NE RECEPJED Washington, DC 20549 JUL 2 3 2015 RE: Standardized Private Equity Fee Disclosure OFFICE OF THE SECRETARY Dear Chair White: As state Treasurers and Comptrollers, we hereby urge the SEC to require general partners to make better disclosure of private equity expenses to limited partners. Private equity as an asset class plays a central role in public pension fund investment. The Private Equity Growth Capital Council estimates U.S. public pension funds invest 9.4 percent of their portfolios in private equity on a dollar-weighted basis. When comparing 10-year annualized returns, pension fund investments in private equity have outperformed other asset classes. Given the funding challenges facing so many public pension plans, strong returns continue to make private equity investments an attractive option for public pension systems. However, when compared to public asset classes, the cost structures of private equity are complicated. This complexity, combined with a lack of industry disclosure best practices, has led to an uneven playing field for state fiduciaries seeking to report private equity fees fully. Among the four types of private equity firm expenses-management fees, fund expenses, allocated incentive fees, and portfolio-company charges, a portion ofwhich serve as offsets or contra-expenses to limited partners-only directly billed management fees are easily segregable and therefore regularly disclosed. Though private equity firms generally disclose information on all types of fees, it is often reported deep in annual financial statements and is not reported directly to limited partners on a quarterly basis. -
Treasury Management Training Symposium
2015 Treasury Management Training Symposium May 12-15, 2015 | Westin Kansas City at Crown Center | Kansas City, MO Kelmar is a resource for state government, providing services and support to unclaimed property departments for all of your operational needs, including: ■ Seamless integration of every aspect of your unclaimed property program, from holder reporting to claims processing. ■ Ensuring the highest level of data security and risk management, using new generation proprietary software that is unmatched in the marketplace. ■ Strengthening internal controls, while maximizing the effectiveness of your program for Holders and Rightful Owners alike. ■ Getting more done with less by streamlining operations and leveraging technology to reunite more rightful owners with their property. Kelmar − Your Partner in Unclaimed Property Resources A MESSAGE FROM NAST’S PRESIDENT Welcome to the 2015 National Association of State Treasurers (NAST) Treasury Management Training Symposium! It is my great pleasure to serve as NAST President for 2015. Your continued support and attendance at this conference as well as October’s Annual Conference in Nashville, Tennessee are sure to make this a successful year for the organization. Special thanks go out to Kansas Treasurer Ron Estes and Missouri Treasurer Clint Zweifel and their staffs for their great help in orchestrating this week’s conference. NAST is happy to spend time this week on both sides of the border, experiencing the hospitality of Kansans and Missourians alike. So far, 2015 has seen NAST increase its presence in national media, complete its transition to a stand-alone organization, revamp its staff and provide greater focus to its communications efforts. -
NAST State Treasury Profiles 2013
NAST State Treasury Profiles 2013 www.nast.org Copyright 2013 NatioNal assoCiatioN of state treasurers the Council of state Governments 2760 research Park Drive P.o. Box 11910 lexington, KY 40578-1910 www.nast.org special thanks treasury profile information for this publication was submitted by treasury office staff. Table of Contents IntroDuCtioN ............................................................................................................................iv About NAST ..................................................................................................................................v NAST affiliates ..........................................................................................................................vi 2013 NAST CoNferences ...................................................................................................... vii 2013 NAST exeCutive Committee ................................................................................... viii alPhaBetiCal list .................................................................................................................... 1 treasurY Profiles, alaBama – WYoming .................................................................... 2 AppendiCes treasurY CoNtaCt InformatioN ..........................................................................................................103 state treasurers, 1976–PreseNt ...........................................................................................................107 NAST staff memBers.................................................................................................................................... -
Legislative Conference
LEADING. LEARNING. NETWORKING. 2019 Legislative Conference Washington, DC | February 9–12 Mayflower Hotel Federated Investors is a proud sponsor of the eeddrat e 2019 National Association of State Treasurers Legislative Conference in Washington, D.C. Federated Investors is an institutional investment manager with over $435 billion in assets under management as of September 30, 2018. Treasurers at every level in the public sector rely on Federated to pursue optimal results on their behalf within conservative statutory and investment policy constraints. FederatedInvestors.com Amy Michaliszyn 412-288-6504 | 1-800-245-5000 Federated is a registered trademark of Federated Investors, Inc. 2019 ©Federated Investors, Inc. 10938 Upromise halfpage 01/15/2019 46173.indd 1 1/4/2019 10:06:15 AM helps families save for college. Increase 529 Accounts & Assets with the Power of Upromise. Ready to grow? Contact Julia MacMillan www.upromise.com 302.256.2345 | [email protected] 2019 NAST Legislative Conference Welcome to the 2019 National Association of State Treasurers (NAST) Legislative Conference, and a special welcome to our new Treasurers! I am deeply honored to serve as NAST President this year. NAST has been and continues to be essential to me in my former role as chief deputy treasurer and now as the Treasurer of Utah. As members of NAST, we realize innumerable benefits, including advocacy support, tailored professional education, and essential opportunities for networking. I have gotten far more out of NAST than I could ever give back, and I am confident that your experience is, or will be, like mine. 2018 was an eventful and productive year for NAST, and I would like to thank Treasurer Beth Pearce for her leadership as NAST’s 2018 president. -
Legislative Conference
2016 NAST Legislative Conference February 29 - March 2, 2016 | Mandarin Oriental Hotel | Washington, DC Helping State Government Work Better. Xerox is the world’s leading enterprise for business process and document management. We serve as an operations partner to more than 1,700 government agencies on the federal, state, and local level, and we touch millions of people’s lives every day. By working with us, government agencies transform the way they serve individuals and their communities. With a broad portfolio of services that deliver dramatic improvements in agency operations, citizen engagement, and workforce management, we partner with you to help state government work better. www.xerox.com/state ©2016 Xerox Corporation. All Rights Reserved. Xerox® and Xerox and Design® are trademarks of Xerox Corporation in the United States and/or other countries. A MESSAGE FROM NAST’S PRESIDENT Welcome to the 2016 National Association of State Treasurers (NAST) Legislative Conference! I am honored to serve as NAST President for 2016 and look forward to working with all of you as we strive to build on the work of NAST’s Immediate Past President David Lillard and explore new possibilities. With your continued support, attendance at this year’s Legislative Conference as well as June’s Treasury Management Training Symposium in New Orleans and September’s Annual Conference in Seattle we can all look forward to a productive and successful year for NAST. Your participation this week will not only benefit your organization through access to top tier administration and congressional presentations, but will also benefit NAST and all Americans as we highlight issues of importance to treasurers such as the current tax treatment of municipal bonds, financial literacy and 529 College Savings Plans as part of our Hill Day. -
Table 4.24 the TREASURERS, 2016
TREASURERS Table 4.24 THE TREASURERS, 2016 Length of Date of Present Maximum consecutive State or other Method of regular term first term terms allowed jurisdiction Name and party selection in years service ends by constitution Alabama .................... Young Boozer (R) E 4 1/2015 1/2019 2 Alaska ........................ Pamela Leary A Governor’s Discretion 1/2018 … . Arizona ...................... Jeff DeWit (R) E 4 1/2019 1/2023 2 Arkansas .................... Dennis Milligan (R) A 4 1/2019 1/2023 2 California .................. John Chiang (D) E 4 1/2019 1/2023 2 Colorado .................... Walker Stapleton (R) E 4 1/2015 1/2023 2 Connecticut ............... Denise L. Nappier (D) E 4 1/1999 1/2023 « Delaware ................... Ken Simpler (R) E 4 1/2019 1/2023 « Florida (a) ................. Jeff Atwater (R) E 4 1/2015 1/2023 2 Georgia ...................... Steve McCoy A Pleasure of the Board 11/2015 … . Hawaii (b) ................. Wesley Machida (D) A Governor’s Discretion 3/2019 . Idaho .......................... Ron G. Crane (R) E 4 1/2003 1/2023 « Illinois ........................ Mike Frerichs (D) E 4 1/2019 1/2023 « Indiana ....................... Kelly Mitchell (R) E 4 1/2019 1/2023 (d)(c) Iowa ........................... Michael L. Fitzgerald (D) E 4 1/1987 1/2023 « Kansas ....................... Ron Estes (R) E 4 1/2015 1/2023 « Kentucky ................... Alison Ball (R) E 4 1/2020 12/2023 2 Louisiana ................... John N. Kennedy (R) E 4 1/2000 1/2024 « Maine ......................... Terry Hayes (I) L 2 1/2019 1/2021 4 Maryland ................... Nancy K. Kopp (D) L 4 2/2006 2/2023 « Massachusetts ........... Deb Goldberg (D) E 4 1/2019 1/2023 « Michigan ................... -
NASACT News | November 2015 1 ASSOCIATION NOTES
KEEPING STATE FISCAL OFFICIALS INFORMED VOLUME 35, NUMBER 11 | NOVEMBER 2015 NASACT MAKES CHANGES TO EXECUTIVE COMMITTEE & FUTURE ANNUAL CONFERENCE LOCATIONS Richard Ellis, NASACT’s fi rst vice president, recently • David H. Lillard, Jr., state treasurer of Tennessee announced his resignation as state treasurer of Utah, and the most senior state treasurer on the eff ective November 1 (see related article, page 6). Executive Committee aft er Ellis, will move up He left elected offi ce to take a position as senior from serving as NASACT’s treasurer to become director of compliance and communications at the fi rst vice president. Utah Educational Savings Plan, Utah’s nonprofi t 529 • Lillard will host the 2017 NASACT Annual college savings plan. Conference in Nashville in August 2017 during As incoming president of NASACT, Ellis was his year as NASACT’s president. scheduled to host the 2017 NASACT Annual • Th e contract with the Grand America Hotel Conference in Salt Lake City, Utah. NASACT had in Salt Lake City will be fulfi lled by having previously signed a contract to hold the conference in the 2018 NASACT Annual Conference there. August 2017 at the Grand America Hotel. Debbie Davenport, auditor general of Arizona, On October 28 and November 5, NASACT’s will be NASACT’s president that year. Executive Committee met via conference call to fi ll • Beth Pearce, state treasurer of Vermont and the the vacancies that Ellis’s departure created among the next ranking state treasurer on the Executive committee’s offi cers and also to discuss the location Committee, will move up to become an offi cer, for the 2017 conference. -
TABLE 4.24 the Treasurers and Other Chief Financial Officers: 2019
TREASURERS TABLE 4.24 The Treasurers and Other Chief Financial Officers: 2019 State or other Method of Length of regular Date of Present Maximum consecutive terms jurisdiction Name and party selection term in years first service term ends allowed by constitution Alabama John McMillan (R) E 4 1/2019 1/2023 2 Alaska Pamela Leary A Governor's Discretion 1/2014 … … Arizona Kimberly Yee (R) E 4 1/2019 1/2023 2 Arkansas Dennis Milligan (R) A 4 1/2015 1/2023 2 California Fiona Ma (D) E 4 1/2019 1/2023 2 Colorado Dave Young (D) E 4 1/2019 1/2023 2 Connecticut Shawn Wooden (D) E 4 1/2019 1/2023 « Delaware Colleen Davis (D) E 4 1/2019 1/2023 « Florida (a) Jimmy Patronis (R) (b) E 4 6//2017 (b) 1/2023 2 Georgia Steve McCoy A Pleasure of the Board 11/2011 … … Hawaii (c) Roderick Becker A Governor's Discretion 2019 … … Idaho Julie Ellsworth (R) E 4 1/2019 1/2023 « Illinois Mike Frerichs (D) E 4 1/2015 1/2023 « Indiana Kelly Mitchell (R) E 4 11/2014 1/2023 (d) Iowa Michael L. Fitzgerald (D) E 4 1/1983 1/2023 « Kansas Jacob LaTurner (R) E 4 4/2017 1/2023 « Kentucky Alison Ball (R) E 4 1/2016 1/2020 2 Louisiana John Michael Schroder Sr. (e) E 4 11/2017 (e) 12/2019 « Maine Henry Beck L 2 1/2019 1/2021 4 Maryland Nancy K. Kopp (D) L 4 2/2002 1/2023 « Massachusetts Deb Goldberg (D) E 4 1/2015 1/2023 « Michigan Rachael Eubanks A Governor's Discretion 2019 … … Minnesota (f) Myron Frans A Governor's Discretion 1/2015 … … Mississippi Lynn Fitch (R) E 4 1/2012 1/2020 « Missouri Scott Fitzpatrick (R) E 4 1/2019 1/2023 2 Montana Gene Walborn A Governor's Discretion 5/2018 … … Nebraska John Murante (R) E 4 1/2019 1/2023 2 Nevada Zach Conine (D) E 4 1/2019 1/2023 2 New Hampshire William Dwyer L 2 12/2014 1/2021 « New Jersey Elizabeth Muoio A Governor's Discretion 1/2018 … … New Mexico Tim Eichenberg (D) E 4 1/2015 1/2023 2 New York Christopher Curtis A Governor's Discretion 8/2016 … … North Carolina Dale Folwell (R) E 4 1/2017 1/2021 « North Dakota Kelly L. -
Table 4.24 the TREASURERS, 2010
TREASURERS Table 4.24 THE TREASURERS, 2010 Length of Date of Present Maximum consecutive State or other Method of regular term first term terms allowed jurisdiction Name and party selection in years service ends by constitution Alabama...................... Kay Ivey (R) E 4 1/2003 1/2011 2 Alaska (a) ................... Jerry Burnett A Governor’s Discretion 1/2009 … . Arizona ....................... Dean Martin (R) E 4 1/2007 1/2011 2 Arkansas ..................... Martha Shoffner (D) E 4 1/2007 1/2011 2 California.................... Bill Lockyer (D) E 4 1/2007 1/2011 2 Colorado ..................... Cary Kennedy (D) E 4 1/2007 1/2011 2 Connecticut ................ Denise L. Nappier (D) E 4 1/1999 1/2011 + Delaware..................... Velda Jones-Potter (D) E 4 1/2009 1/2011 + Florida (b)................... Adelaide “Alex” Sink (D) E 4 1/2007 1/2011 2 Georgia ....................... W. Daniel Ebersole A Pleasure of the Board 11/1997 … . Hawaii (c) ................... Georgina Kawamura A Governor’s Discretion 12/2002 … . Idaho ........................... Ron G. Crane (R) E 4 1/1999 1/2011 + Illinois.......................... Alexi Giannoulias (D) E 4 1/2007 1/2011 + Indiana ........................ Richard Mourdock (R) E 4 2/2007 2/2011 (d) Iowa............................. Michael L. Fitzgerald (D) E 4 1/1983 1/2011 + Kansas ......................... Dennis McKinney E 4 1/2009 1/2011 + Kentucky..................... Todd Hollenbach (D) E 4 12/2007 12/2011 2 Louisiana .................... John N. Kennedy (R) E 4 1/2000 1/2012 + Maine .......................... David G. Lemoine (D) L 2 1/2005 1/2011 4 Maryland..................... Nancy K. Kopp (D) L 4 2/2002 1/2011 + Massachusetts............. Timothy Cahill (D) E 4 1/2003 1/2011 + Michigan ....................