The Comptroller of the State of Maryland is

Maryland Maryland ( ) is a state in the Mid-Atlantic region of the United States. It shares borders with Virginia, West Virginia, and the District of Columbia to its south and west; Pennsylvania to its north; and Delaware and the Atlantic Ocean to ...

chief financial officer The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financ ...

, elected by the people to a four-year term. The Comptroller is not term-limited. The office was established by the second

Maryland Constitution of 1851 The Maryland Constitution of 1851 was the second constitution of the U.S. state of Maryland following the revolution, replacing the Constitution of 1776. The primary reason for the new constitution was a need to re-apportion Maryland's legislature ...

due to concern about the potential for fraud and corruption in the administration of the public treasury. The constitutional duties of the office begin with the broad mandate to exercise "general superintendence of the fiscal affairs of the State", which includes collecting

tax A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or n ...

es and maintaining the general ledger. The Comptroller (or a deputy) countersigns all checks drawn by the

State Treasurer In the state governments of the United States, 48 of the 50 states have the executive position of treasurer. New York abolished the position in 1926; duties were transferred to New York State Comptroller. Texas abolished the position of Texas ...

upon the deposits of the State. The Comptroller also prescribes the formalities for transfer of other evidence of State

debt Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase. The ...

and countersigns such papers. In addition, the Comptroller's Office

audits An audit is an "independent examination of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon.” Auditing ...

taxpayers for compliance, handles delinquent tax collection, and enforces license and unclaimed property laws. The agency publicizes forgotten bank accounts, insurance benefits and other unclaimed assets of taxpayers. Acting as Maryland's chief accountant, the Comptroller pays the state's bills, maintains its books, prepares financial reports, and pays its state employees.

List of Comptrollers of Maryland

References

List of Comptrollers of Maryland
from the Maryland Archives

External links

Official website of the Comptroller of Maryland
{{MD Gov branches 1851 establishments in Maryland

Comptroller A comptroller (pronounced either the same as ''controller'' or as ) is a management-level position responsible for supervising the quality of accounting and financial reporting of an organization. A financial comptroller is a senior-level executi ...