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FOR IMMEDIATE RELEASE
January 4, 2010
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For more information, Call:
Tara Gillum
(785) 296-2565
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Treasurer McKinney releases annual report for the State Treasurer's Office
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Kansas State Treasurer Dennis McKinney released today the Fiscal Year 2009 Annual Report for the State Treasurer's Office. Record returns in Unclaimed Property, a year of accomplishments for state Bonds Services Division, and the success of the Learning Quest program were just a few of the accomplishments highlighted in this year's annual report.
"Reuniting Kansans with their unclaimed property, ensuring the sound management of the agricultural and housing loan programs, Learning Quest educational savings programs, and the proper distributions and depositing of state moneys in a efficient manor are just a few of our core functions summarized," said McKinney. "This report highlights the results of the hard work performed by the treasurer's office staff.
The report outlines initiatives and efforts made by the State Treasurer's Office to return Kansans unclaimed property, assist in saving for higher education, educate citizens about financial literacy, provide agricultural production and housing loans, and timely and efficient depositing of state monies.
A few of the accomplishments highlighted in the annual report:
- Kansas' Learning Quest higher education savings program rose from 17th to 16th place in assets under management as a state with less than one percent of the nation's population.
- Learning Quest ranks tenth in 76 college savings plans in average account balances.
- Processed a record number of unclaimed property claim forms from Kansans in Fiscal Year 2009.
- Of the total number of disbursements/items, 53% of those payments were made electronically, a more efficient payment method. This is the first year the number of electronic payments surpassed the number of warrants written.
- Advocated for SB41, passed by the legislature in 2009, which requires the state board of education to authorize and assist in implementation of programs teaching personal financial literacy.
- The Kansas State Treasurer's Office, Bond Services Division, serviced a record number of bonds in fiscal year 2009. Serving as the registrar and paying agent for 95% of the outstanding municipal bond issues in Kansas.
They FY 2009 report was created internally and distributed electronically. To view the complete report please visit www.kansasstatetreasurer.com/2009annualreport.
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