each State employee a record of his total earnings and the amount
withheld for Federal Tax, Social Security, and State Tax.

The field audit section makes regular audits of payroll records at
the agency level to assure compliance with laws, rules and regulations
of the Bureau, the Commissioner of Personnel, the Standard Salary
Board and the Board of Public Works.

Appropriations 1963 1964

General Funds .................................... $169,842 $208,021
Staff: 24

STATE TREASURER

John A. Luetkemeyer, Treasurer, 1967
Michael J. Potthast, Chief Deputy
J. Hugh Taylor, Deputy
G. H. Hulshoff, Deputy
Alice P. Maynard, Deputy

Treasury Building, Annapolis Telephone: 268-3371
1835 Maryland National Bank Building, Telephone: 727-5166
Baltimore 2

Under the Constitution of 1776, there were two State Treasurers—
the Treasurer of the Eastern Shore and the Treasurer of the Western
Shore. In 1841 a constitutional amendment consolidated the two offices.
The present constitution provides that the Treasurer shall be elected
by joint ballot of both Houses of the General Assembly for a term of
four years. The Treasurer is responsible for accounting for all deposits
made each day by some one hundred and fifty (150) State Agencies
in depositories designated and authorized by him. The Treasurer
prepares all checks drawn for disbursement of State cash funds, and
he and one of his Deputies signs these checks, which are then counter-
signed by the Comptroller and one of his authorized Deputies. The
Treasurer invests any unexpended or surplus funds in the State
Treasury, representing both the general and special funds of the
State, which are not currently required to meet State needs. He is the
custodian of all stocks, bonds or other investments of the State, as
well as securities which are pledged by Insurance Companies, foreign
Building and Homestead Associations, and all collateral which is
pledged by banks that have State Funds on deposit. He is also
charged with the responsibility of placing insurance for all antici-
pated losses which might occur to State property, and is the custodian
of all insurance policies. The State Treasurer is also the depository
for all the Deeds indicating property ownership of the State of Mary-
land. He publishes a monthly balance in Baltimore City Newspapers,
of all State Funds held in authorized depositories, and renders a
quarterly report of cash receipts and cash disbursements to the Comp-
troller of the Treasury. He is, by law, a member of the Board of Public
Works, and is also the custodian of such special deposits as may from
time to time be prescribed by law (Const. 1867, Art. VI, secs. 1, 2, 3,
4; Code 1957, Art. 95).

Appropriations 1963 1964

General Funds.............$615,200 $625,749
Staff: 20