PRESS RELEASE
Treasurer Fitzpatrick Breaks Third Unclaimed Property Record
Jefferson City, MO – As the fiscal year comes to a close today,
Missouri State Treasurer Scott Fitzpatrick announced that his administration
has broken its third Unclaimed Property record, returning unclaimed property to
more Missourians in a fiscal year than any other Treasurer in Missouri history.
Despite the challenges of working from home due to COVID-19, employees in the Unclaimed
Property Division closed 209,422 accounts, 11,251 more than the prior fiscal
year. “To say that I am proud of the
staff in the Treasurer’s Office, is an understatement,” Treasurer Fitzpatrick
said. “Breaking a third record in a year and a half is impressive—but when you
consider that three and a half months were spent working remotely, it is even
more so. And not just the UCP Division, employees across all of our divisions
worked hard to ensure that even as we adapted and responded to COVID-19, the
work of the Office, serving Missourians, was not impacted.” Under the Treasurer’s leadership, over the past fiscal year,
the investments division diversified the State’s portfolio, bringing back the
general time deposit program and investing in commercial paper. They also
placed $489,680,717 in linked deposits, supporting small businesses and farmers
across the state. The banking division processed nearly 5 million payments to
Missourians and vendors. And the general services division proactively replaced
over 400 more checks than the prior fiscal year, helping Missourians obtain an
additional $333,000. The Treasurer also worked to increase
transparency related to government spending, grow awareness of valuable savings
programs, and increase the value of these programs. In April, Treasurer
Fitzpatrick expanded
the Show-Me Checkbook to include local government expenditures. Spending
data from six counties is currently searchable, with 16 counties in progress.
Additionally, the Treasurer created
a webpage dedicated to COVID-19 expenditures across state government,
aggregating spending data from the Show-Me Checkbook in one place for more accessible
searching. Last
week, Treasurer Fitzpatrick announced that a contract amendment with program
manager Ascensus will
save MOST 529 participants millions of dollars in program fees over the
next five years. The Treasurer also announced that MO
ABLE reached 1,500 accounts, a major milestone for the savings and
investment program for individuals with disabilities, earlier this month. The program
currently has 1,562 accounts and $10,343,824.86 assets under management. Missourians
can search and claim unclaimed property 24/7 at ShowMeMoney.com. ### Follow the Treasurer’s Office on Twitter,
Facebook, and Instagram @motreasurer.