Chip Flowers

Local News
8:26 am
Wed April 2, 2014

Delaware Panel Takes Up Cash Portfolio Board Issue

Treasurer Chip Flowers
Credit official photo

DOVER, Del. (AP) - A state legislative committee is reconvening to begin its review of the board that oversees Delaware's $2 billion cash portfolio.

Members of the Joint Sunset Committee were forced to postpone a hearing on the Cash Management Portfolio Board last month after the board chairman failed to appear.

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Local News
8:25 am
Thu February 27, 2014

Delaware Treasurer: Self Financed Campaign

Delaware Treasurer Chip Flowers (D-De)
Credit official photo

Delaware’s State Treasurer Chip Flowers has loaned his campaign nearly $146-thousand to gear up for re-election this year after only raising $38,000 from supporter last year while becoming embroiled in questions over his travel expenses.

The Wilmington News Journal reports that the state Treasurer relied on personal loans of more than $650-thousand since 2009 for his campaign to become state treasurer.

During the same period he raised only around $130-thousand from political supporters.

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Local News
11:36 am
Wed February 19, 2014

Delaware Treasurer Gets Election Challenge

Sean Barney
Credit official photo

Delaware State Treasurer Chip Flowers is expected to get a challenge from Governor Jack Markell’s policy director.

Sean Barney officially jumped into the race against the embattle official who saw the governor sign into law last week a measure that gives power over the state’s $2 billion cash portfolio to an appointed board instead of Flowers.

Barney told WDEL that he wants to restore integrity to the office.

And Markell issued a statement calling Barney a valuable member and respects his decision to run but added he will not endorse anyone in the primary.

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Local News
8:25 am
Fri January 31, 2014

Board To Get Total Control of Delaware Cash Management

Credit Don Rush

DOVER, Del. (AP) - The state House has given final approval to legislation asserting that an unelected board dominated by political appointees, not Delaware's elected treasurer, has authority over the state's $2 billion cash investment portfolio.

The House voted unanimously for the bill Thursday, two weeks after its unanimous approval by the Senate. The legislation now goes to Democratic Gov. Jack Markell, whose administration pushed for the legislation.

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Local News
9:08 am
Thu January 30, 2014

Delaware Lawmakers Blast Treasurer Chip Flowers

Delaware Treasurer Chip Flowers
Credit official photo

Delaware State Treasurer Chip Flowers was sharply criticized yesterday afternoon by House leadership for his troubled relationship with Delaware’s Cash Management Policy Board.  

The criticism came before a committee cleared a bill that limits his ability to manage a $2 billion taxpayer portfolio.

Flowers has been in conflict with the board management of the state’s cash portfolio.

And board members appointed by Governor Jack Markell asked that the General Assembly settle the dispute.

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Local News
11:23 am
Fri January 17, 2014

Delaware Senate Votes Sole Cash Management Authority to Board

Delaware Treasurer Chip Flowers
Credit official photo

DOVER, Del. (AP) - The state Senate has unanimously approved legislation asserting that an unelected board dominated by political appointees, not Delaware's elected treasurer, has authority over the state's $2 billion cash investment portfolio.

The bill approved Thursday attempts to resolve disputes between treasurer Chip Flowers and other members of the Cash Management Policy Board.

Flowers blasted the legislation at a news conference on Wednesday, but Thursday's vote signaled a reconciliation of sorts between Flowers and Senate leaders.

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Local News
8:29 am
Wed January 15, 2014

Control of Cash Management Policy Considered in Delaware

Delaware Treasurer Chip Flowers
Credit official photo

DOVER, Del. (AP) - State lawmakers are poised to discuss a bill stating that Delaware's treasurer has no direct control over the state's $2 billion cash management portfolio. 

The bill, which was quickly tabled after being introduced last year, was scheduled for a Senate committee hearing on Wednesday.

State treasurer Chip Flowers, who has repeatedly clashed with Delaware's Cash Management Policy Board over who controls the portfolio, planned a news conference Wednesday in advance of the committee hearing to speak against the legislation.

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Local News
10:43 am
Fri January 10, 2014

Bill Barring Treasurer Control Over Cash Portfolio in Delaware

Delaware Treasure Chip Flowers
Credit offcial photo

DOVER, Del. (AP) - State lawmakers are resurrecting a bill stating that Delaware's treasurer has no direct control over the state's $2 billion cash management portfolio.

The bill, which was quickly tabled after being introduced last year, is scheduled for a Senate committee hearing next week.

Consideration of the legislation comes after the attorney general's office ruled in November that the Cash Management Policy Board has sole legal authority to make investment decisions regarding the portfolio, and that the treasurer is subject to its directives.

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Local News
9:04 am
Wed November 27, 2013

Delaware State Treasurer Suffers Setback Over Cash Portfolio

Credit Don Rush

WILMINGTON, Del. (AP) - Delaware's state treasurer has suffered a setback in his battle with a state panel over who controls Delaware's $2 billion cash management portfolio.

The attorney general's office ruled Tuesday that the Cash Management Policy Board has sole legal authority to make investment decisions regarding the portfolio, and that the treasurer is subject to its directives.

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Local News
8:48 am
Thu November 21, 2013

Delaware Treasurer Demands Apology From OMB

Delaware State Treasurer Chip Flowers
Credit official photo

Delaware State Treasurer Chip Flowers has called on the Office of Management and Budget to apologize for the way it has conducted an inquiry into travel expenditures by his office.

The OMB is looking into the whether Flowers and his employees spent more than General Service Administration rate for hotel stays and meals while traveling on state business.

Flowers has said that treasury policy allows him and other members of his department to spend 1.5 times the GSA rate for hotel costs while traveling.

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Local News
9:30 am
Wed November 20, 2013

Demands For Info on Delaware Treasury Office Spending

Delaware State Treasurer Chip Flowers
Credit official photo

Questions are being raised about whether employees in the Delaware state Treasurer’s Office are spending more than they should for trips.

During the annual hearing on the department’s budget yesterday Office of Management and Budget officials asked Treasurer Chip Flowers about an explanation of his own travel expenses.

Flowers reimbursed the taxpayers more than $1-thousand for his trip to Alaska for a state Treasurer’s conference.

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Local News
10:17 am
Thu November 14, 2013

Delaware Treasurer To Reimburse State for Alaska Trip

Delaware Treasurer Chip Flowers
Credit Delaware Treasurer's website

DOVER, Del. (AP) - Delaware state treasurer Chip Flowers says he will reimburse the state almost $1,000 for travel-related expenses but denies that he has ever used his state credit card or state funds for personal expenses.

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Local News
9:50 am
Wed November 13, 2013

Key Documents to be Released in Flowers Reimbursement Controversey

Delaware State Treasurer Chip Flowers
Credit official photo

Delaware State Treasurer Chip Flowers is scheduled to release key travel documents today about a trip he took with his former deputy state treasurer Erika Benner to Alaska for a meeting of state treasurers.

During the four day conference the two took a sight seeing tour of some Alaskan parks. 

The Wilmington News Journal raised questions about whether the taxpayers may ahve pad for those excursions.

Flowers has denied taht taxpayers were asked to pay for those trips.

The documents will released at a news conference at the treasury office in Dover.

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Local News
8:18 am
Wed November 6, 2013

GOP Calls Delaware Treasurer's Office "Out of Control"

Delaware State Treasurer Chip Flowers
Credit Delaware State Treasurer Website

Delaware State Treasurer Chip Flowers is coming under attack from Delaware Republicans, who called his office “out of control.”

Senate Minority Leader Gary Simpson and Minority Whip Greg Lavelle said they were reacting to a story in the Wilmington News Journal that quoted Flowers as saying that financial records in his office are in disarray or missing.

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Local News
9:12 am
Wed October 30, 2013

Delaware Treasurer: No Taxpayer Money for Side Trip

Delaware Treasurer Chip Flowers
Credit official photo

Delaware State Treasurers Chip Flowers says Delaware taxpayers did not pay for the excursion with his deputy to a national park in Alaska.

Flowers and his then-deputy, Erika Benner, did bill the state for extra days spent in Alaska after the National Association of State Treasurers conference in Anchorage in September of 2012.

The Delaware official says he met with bankers, financial experts and other state treasurers.

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Local News
9:02 am
Tue October 29, 2013

Delaware State Treasurer Defends Himself in Controversey Over Alaska Trip

Delaware State Treasurer Chip Flowers
Credit official photo

Delaware State Treasurer Chip Flowers says he stayed on a few days after an Alaskan conference last year to meet with bankers.

But The Wilmington News Journal reports that he posted a picture on his Facebook page showing him at the time to be visiting a state park more than 100 miles away from Anchorage where his staff says he was doing research after spending the previous two days holding business meetings.

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Local News
9:32 am
Mon October 7, 2013

Handling of Credit Card Scandal by Delaware's Top Financial Official Questioned

Delaware Treasurer Chip Flowers
Credit chipflowers.com

DOVER, Del. (AP) - State officials are questioning how Delaware Treasurer Chip Flowers has handled a review of questionable charges made by his former deputy on her state credit card before she was forced to resign.

The Wilmington News Journal reports state records show former Deputy Treasurer Erika Benner charged more questionable expenses than initially reported. Some of the expenses were for travel with Flowers when he made similar charges for trips to Washington, D.C., Seattle and Alaska.

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News
12:37 pm
Mon August 19, 2013

Delaware Treasurer Accepts Resignation of Erika Benner

Delaware Treasurer Chip Flowers
Credit treasury.delaware.com

DOVER, Del. (AP) - Delaware's state treasurer has accepted the resignation of his top deputy following her repeated unauthorized use of a state credit card.

Treasurer Chip Flowers said Monday that he has accepted Erika Benner's request to be removed from her position as deputy state treasurer.

The News-Journal of Wilmington reported over the weekend that Benner had racked up thousands of dollars in personal expenses on her state-issued credit card, including more than $1,000 for football tickets and private car service to a New England Patriots game.

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