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Three cities host Women & Money
Second time visits to Morgantown, Huntington & Parkersburg
West Virginia Treasurer John Perdue talks to
participants at our Women & Money Conference last year in Logan. |
State Treasurer John Perdue’s Women & Money Conference series makes return stops in Morgantown, Huntington and Parkersburg this calendar year.
Conference sites and dates:
May 9 – Morgantown, Waterfront Place Hotel
Sept. 19 – Huntington, Pullman Plaza Hotel
Oct. 17 – Grand Pointe Conference Center, Parkersburg.
All three cities hosted Women & Money events in 2004.
To register, click the Women & Money icon on the left side of this page.
(Read More)
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Center for Public Finance launches inaugural event
CHARLESTON -- More than 100 representatives from local, county and state government will go back to their offices better equipped to manage the public’s money after a Center for Public Finance seminar Friday at The Embassy Suites Hotel.
City and county financial officers, town recorders and treasurers and others in charge of managing public funds heard a host of speakers address such topics as internal controls, cash management, accounting/reporting and investing.
The Center for Public Finance is an education tool administered by the Board of Treasury Investments. The chairman of that board is State Treasurer John Perdue.
“As I travel across the state I hear folks who manage our public funds say the same thing – they need more practical education in order to better perform their jobs,” said Treasurer Perdue. “So we attempted to satisfy that need today. I’m sure we helped along those lines.”
The BTI provided a self-produced textbook as a reference guide, as well as a copy of the General Finance Office Administration’s “An Elected Official’s Guide.”
“We hope these pages become dog-eared from use,” Treasurer Perdue said. “If folks wear them out, we’ll get them more.”
(Read More)
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Treasurer Perdue, 100-year-old woman on NBC
CHARLESTON -- An NBC news crew filmed State Treasurer John Perdue recently, as the Treasurer honored 100-year-old Dunbar resident Mary Chester. The crew taped Chester’s story as part of a one-hour special on unclaimed property, tentatively set to air June 1.
Perdue honored Chester as the nation’s oldest unclaimed property recipient. Also on hand for the occasion was the singing group “African Footprint.” NBC chose West Virginia to highlight because it traditionally returns a high rate of the unclaimed property handed over to it.
Unclaimed property is any asset from which an individual might be separated, be it a paycheck not cashed, a utility deposit left behind or something similar. Federal and state laws require the holders of such properties to turn over assets to the state, which holds them in custody. The state never assumes ownership of the assets.
Chester’s unclaimed property was a $667 check issued by Baltimore Life. The policy was ready to be cashed. Chester did not know about it until an acquaintance saw her name listed in the Treasurer’s unclaimed property bulletin.
There have been larger unclaimed property checks issued in West Virginia – the record is a $632,000 check signed to Xavier Imperiale of Mercer County in 2003 – but to no one older. (Read More)
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E-government passes $100 million plateau
CHARLESTON – The business of E-Government in the Mountain State continues to explore new territory.
West Virginia State Treasurer John Perdue’s office has passed the $100 million mark in the first eight months of this fiscal year and is on pace to surpass its record number of transactions.
E-Government is a way for individuals and state agencies to conduct business with the state over the internet, without processing paper checks.
In this fiscal year the office has recorded 201,023 transactions for $102 million dollars as of Feb 28th.
On-line transactions in FY07 for state government agencies reached $92 million. If FY08 continues its current pace, the State Treasurer’s Office projects $111 million in collections, a 21 percent increase.
(Read more) |
BB&T again gains $5 million in auction
CHARLESTON – BB&T reinforced its standing as the overwhelming leader among banks with a state presence, once again pulling in the maximum $5 million during an April 9 Board of Treasury Investments certificate of deposit auction.
The on-line auction, the 11th such conducted by the BTI, left BB&T as the top interest rate bidder for the day at 2.6 percent. Cumulative totals also show BB&T garnering $53 million since May of 2006, the date of the first auction.
Banks have precisely 30 minutes to bid during the “blind” auction. No one knows what the other has bid. A bank only knows if it is “in” or “out” of the money. If it is out of the money, it must up its interest rate bid in an effort to win the deposit.
The BTI, whose chairman is State Treasurer John Perdue, has placed a total of $279 million on deposit with state banks. The state earns competitive interest, while supplying banks with valuable deposits and lending capital.
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 Treasurer Perdue with students from Independence Middle School during thier introduction to the Game of Life financial education board game.
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Independence Middle School students tackle the Game of Life financial education board game provided to schools by the Treasurer's Office.
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Rosemary Elmore and Kristi Adkins take part in the Logan Money Conference in late September.
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