|Name||Michael A. Montoya|
Los Lunas, New Mexico , United States
Aug 11, 2019 02:55pm
|Info||On January 1, 1995, Michael A. Montoya became the 36th Treasurer of New Mexico. He is the 24th person to hold the position since 1912, and the first Hispanic in the history of the office. |
Montoya came to Santa Fe well prepared for his duties as Treasurer. A certified public accountant, Montoya earned a bachelor of science degree in accounting from the University of Colorado. For six years he was a senior tax manager with the international accounting firm of Ernst and Young. In 1992, he held the position of director of the State's Medicaid Fraud Unit while also serving as Deputy State Auditor.
The chief elected financial officer of the State, Montoya is accountable for over $1.8 billion in State money that he must receipt, disburse, and invest. As State Treasurer, he is the only elected New Mexico official to serve on all the State's finance and investment boards where he helps oversee more than $18 billion.
Elected Treasurer by one of the greatest victory margins ever, Montoya attributes his success to: family, community, and leadership. Treasurer Montoya has merged these values with his responsibility of providing professional leadership in the State's fiscal matters. Under Montoya�s leadership, the treasury has undergone a technological metamorphosis by providing staff with the tools and training essential to function effectively in today's complex, fast-moving financial and business environments.
Committed to community service, Treasurer Montoya's volunteer efforts have played a significant role in such organizations as the Albuquerque Hispano Chamber of Commerce, where he has served as vice president and as a board member. He is a former board member of the Belen Chamber of Commerce and served as a director of Health Net of New Mexico and Recreational Health Occupational Center, Inc. He is a member of the Association of Hispanic Certified Public Accountants and the American Institute of Certified Public Accountants.
Recognizing Treasurer Montoya's sound professional background, his cohorts appointed him to a one-year term on the Governmental Accounting Standards Advisory Board. In this capacity Montoya assists the Governmental Accounting Standards Board in establishing standards of financial accounting and reporting for state and local governmental entities.
In 1996, Treasurer Montoya launched the "Save for America" campaign in New Mexico. The campaign is the only U.S. Department of Education-approved school savings program. It is sponsored in conjunction with banks throughout New Mexico with the intent of teaching valuable saving habits to America's youth.