Kelly Schmidt

Kelly Schmidt was elected to her first term as State Treasurer in November of 2004.   

 Since taking office, Schmidt has focused on cost savings and efficiencies in the Treasurer’s Office.  She has worked to promote localized economic development, thru an initiative called BidND.  Through a bid process, certificates of deposit are purchased from North Dakota financial institutions which lend these dollars back into their communities, fostering economic growth.  BidND has placed millions of dollars in over 60 North Dakota communities, garnering additional interest income for the state.   Through this initiative and effective cash management $36.5 million in interest income was contributed to the state’s general fund for the 2005-07 biennium.  This exceeded the legislative forecast for interest income by 425%. 

 As State Treasurer, Schmidt serves as a member of the North Dakota State Investment Board, the Teachers Fund for Retirement Board (TFFR), North Dakota Board of Tax Equalization, North Dakota State Historical Society, and the North Dakota Board of University and School Lands. 

She is also a member of the National Association of State Treasurers (NAST) where she serves as Regional Vice President representing the Midwest on the executive committee.  She currently serves as Chair of the NAST Foundation which oversees the educational activities of the foundation including the National Institute for Public Finance, the New Treasurers Symposium and initiatives to promote financial literacy.   

 Treasurer Schmidt has a professional background in investments, insurance and tax.   She has worked for advocacy issues such as the Bush Clear Skies Initiative as well as working with the House Appropriations Committee in the 2003 Legislative and Special sessions. Schmidt has a time long record of dedicated community service:  

• Member of the Inter Service Family Assistance Committee (ISFAC) a voluntary military cooperative partnership organized to provide multi-service networking for military members and their families.
• President of the ND Jump$tart Coalition for Personal Financial Literacy. 
• Trustee of the North Dakota State Historical Board Foundation.
• Republican National Committee Women’s Advisory Board.
• Past president of the Mandan Kiwanis and a Kiwanian of the Year; Past Lt. Governor for her Kiwanis region. 
• 10 year member of the American Legion Auxiliary.
• Life member of the AMVets Auxiliary. 
• Trustee of the Spirit of Life Parish.
• She is a member of her local PTO and Business and Professional Women.