Roles & Responsibilities
The Office of the Indiana State Treasurer is one of five constitutional offices and has broad responsibilities and authority in the areas of investment and finance. Kelly Mitchell serves as the 55th Treasurer of State, the fifth highest-ranking statewide government official. The Treasurer is elected statewide every four years. In addition to being the State’s chief investment officer and banker, the Treasurer serves as chairperson or a member of numerous State boards, commissions and authorities.
Below are some of the Treasurer’s key responsibilities:
- The Treasurer serves as the sole Trustee of the Indiana State Police Pension Trust, which provides pension, death, survivor, and other benefits to present and former employees of the state police department and their beneficiaries.
- As chair of the Indiana Education Savings Authority, the Treasurer plays a key role in encouraging attendance to higher education institutions, providing families with additional means of striving for education through the education savings program, and promoting the economic development of the state by creating opportunities for a more highly educated workforce.
- The Office of the Treasurer manages TrustINdiana, the local government investment pool created to provide all Indiana local units of government the opportunity to invest in a common pool of investment assets that preserves the principal of the public funds, remains highly liquid, and maximizes the return on investment.
- The Treasurer serves as chair of the Indiana Bond Bank, which has the mission to assist local government in obtaining low-cost financing for important public work, including school facilities and leasing essential equipment items.
- The Treasurer plays a significant part in public safety as the chair of the Statewide 9-1-1 Board. The Board is responsible for collecting surcharges from all communication service providers and distributing the funding to local units of government.
The Treasurer's Mission Statement
We uphold fiduciary responsibilities while investing and safeguarding public funds, overseeing the management of the state’s financial assets, and providing accurate and timely funding to state and local stakeholders.
The Treasurer’s Value Statement
As stewards for the State of Indiana, we will serve Hoosiers with honesty, integrity, transparency, and dedication. We will do all we can to protect and strengthen Indiana’s fiscal present and future, while learning from the past. With steadfast determination, we will deepen relationships, stay open to possibilities, and listen well to the people we are privileged to serve.