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Associated Press, Published February 11 2013

ND treasurer's office says it needs help dealing with increased cash

BISMARCK — The North Dakota state treasurer's office is the smallest state agency headed by an elected official. And now it needs more help.

The agency has seven employees, including Kelly Schmidt, the state treasurer. The treasurer's office manages cash for some North Dakota agencies and distributes tax collections to local governments.

The amount of money the treasurer handles has swelled with North Dakota's oil tax collections.

Schmidt has requested another employee to help out with the workload. She says increased money coming into the state treasury also has increased the work.

Schmidt says when she took office in 2005, her agency had 54 general fund CDs totaling $750 million. The office now manages more than 300 general fund CDs totaling more than $2.7 billion.

Copyright 2013 The Associated Press.