The office of comptroller of public accounts was established by Article IV, Sections 1 and 23 of the Constitution of 1876. As a state office it was first established by the Constitution of 1845 and superseded a similar office originally established in 1835 and made part of the
Treasury Department during the Republic of Texas in 1836. The comptroller is elected and serves for four years. The major duties of the office are keeping accounts of state funds, acting as tax administrator and collector for the state, and furnishing research and statistics for estimating revenue. The comptroller submits financial reports to the governor and the legislature with statements on the
previous fiscal year, outstanding appropriations, and estimates of anticipated revenue. The comptroller's office is composed of a number of divisions designed to carry out various tasks. The Administration Area includes budget, support services, training, and personnel divisions to monitor agency expenditures and funds, maintain agency inventories, and train and keep records on personnel. The Audit Area conducts audits on twenty-eight state taxes, including the sales tax, which is the
state's largest single revenue source. An Internal Audit Area provides an independent review of the office's accounting activities. The Communications Area provides taxpayer information to the public, while the Enforcement Area has several operations that collect delinquent taxes, file criminal complaints, issue licenses, and execute various other tax-related procedures. A Data Processing division disseminates information through the agency's computer network. Other areas of operation in the
comptroller's office include Fiscal Management, Revenue Management, Legal/Policy, Local Government, and State Accounting Operations. These divisions prepare economic forecasts, process tax returns and license applications, assist counties and cities in collecting revenue, handle claims against the state, and issue annual expenditure reports. The comptroller's office had a budget totaling over $115 million in 1991, when about 2,800 employees worked in the agency. Is history important to you?We need your support because we are a non-profit organization that relies upon contributions from our community in order to record and preserve the history of our state. Every dollar helps.
The following, adapted from the Chicago Manual of Style, 15th edition, is the preferred citation for this entry. Laurie E. Jasinski, “Comptroller of Public Accounts,” Handbook of Texas Online, accessed October 28, 2022, https://www.tshaonline.org/handbook/entries/comptroller-of-public-accounts. Published by the Texas State Historical Association.
TID: Original Publication Date: 1952 Most Recent Revision Date: December 1, 1994
The Texas Comptroller of Public Accounts is an executive branch position created by the Texas Constitution. The comptroller is popularly elected every four years, and is primarily tasked with collecting all state tax revenue and estimating the amount of revenue that the Texas Legislature can spend each biennium. The current comptroller is Glenn Hegar, who took office on January 2, 2015. History[edit]The predecessor to the current comptroller's office started in 1846. The longest-serving Comptrollers in Texas history were Robert S. Calvert, who held the post for 26 consecutive years for an unprecedented twelve terms; George H. Sheppard, who served for 18 years over nine two-year terms; and Bob Bullock, who served for 16 years for four four-year terms and later was notable as one of the most powerful Lieutenant Governors in Texas history (and the namesake for the state's official history museum). Duties currently performed by the comptroller's office were previously divided between it and the office of Texas State Treasurer; however, over time the Texas Legislature transferred most of the Treasurer's functions to the comptroller's office. The last State Treasurer, Martha Whitehead, successfully campaigned for office in 1994 on the premise of abolishing the position and transferring its few remaining duties to the comptroller's office; upon winning she successfully campaigned the legislature for a Constitutional amendment in 1995 to formally abolish the Treasurer's office which was approved by voters in November of that year. By 1996, the comptroller had taken over the Treasurer's few remaining duties. Duties[edit]The primary duty of the comptroller's office is to collect substantially all tax revenue owed to the State of Texas. This involves more than 60 different types of taxes from the sales tax (the largest source of the state's tax revenue, since Texas does not have a personal income tax) to minor items such as the "battery sales fee" (a $2–$3 fee on sales of lead-acid batteries). As Texas uses a unified collection system for sales taxes assessed by both state and local governments, the comptroller's office is responsible for collecting and remitting the local portion of this tax revenue to the various cities, counties, and special districts throughout the state.[1] The comptroller's office also operates the various prepaid college tuition funds operated by the state through its Prepaid Higher Education Tuition Board, provides reports on fiscal management and economic forecasts, and manages the unclaimed property fund.[2] As part of its fiscal management responsibilities, Article III, Section 49a of the Texas Constitution requires the comptroller to certify to the Texas Legislature the amount of available cash on hand and anticipated revenues for the next biennium (the two-year period beginning on September 1 of odd-numbered years). The Legislature is not permitted to appropriate any funds in excess of the comptroller's certified amounts (except in cases of emergency and then only with a four-fifths vote of both chambers), and absent the latter the comptroller is required to reject and return to the legislature any appropriation in violation of this requirement. List of Texas comptrollers[edit]
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What is one of the responsibilities of the comptroller of Public accounts?Comptroller Responsibilities
They manage the processing of all accounting transactions and countersign expenditures and receipts, including billings, accounts payable and receivable, payroll, collections, and cash receipts. The comptroller also manages budgets and secures loans.
Which of the following are responsibilities of the Texas Comptroller of Public accounts?As the state's cashier, the Comptroller's office receives, disburses, counts, safeguards, records, allocates, manages and reports on the state's cash. In addition, the Texas Comptroller chairs the state's Treasury Safekeeping Trust, which invests, manages and oversees more than $50 billion in assets.
What is the role of the Office of the comptroller?The Office of the Comptroller of the Currency (OCC) charters, regulates, and supervises all national banks and federal savings associations as well as federal branches and agencies of foreign banks. The OCC is an independent bureau of the U.S. Department of the Treasury and is led by the Comptroller of the Currency.
What does the NYC comptroller do?As the City's Chief Financial Officer, the Comptroller scrutinizes the Mayor's budget, examining the soundness of its fiscal and economic assumptions and advising on potential developments affecting the City's fiscal outlook.
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Which of the following are the responsibilities of the comptroller of public accounts?
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