NC Treasurer Dale Folwell addresses Newport Rotary

NC Treasurer Folwell

Dale R. Folwell, CPA, North Carolina Treasurer, was the guest speaker via Zoom at Newport Rotary on July 6. His remarks centered on COVID-19 Relief funds, the diverse financial situations that different NC towns and cities found themselves in during the pandemic, the importance of city and county fund balances (stewardship) and the importance of Rotary in NC's communities. 

Folwell was sworn in as State Treasurer of North Carolina in January 2017. As the keeper of the public purse, Treasurer Folwell is responsible for a $100 billion state pension fund that provides retirement benefits for more than 900,000 teachers, law enforcement officers and other public workers.Under Folwell’s leadership the pension plan was rated among the top five highest-funded in the country and won accolades for proactive management and funding discipline. In 2018 the state’s coveted AAA bond rating was reaffirmed by every major rating agency, making North Carolina one of only 13 states in the country to hold that distinction. Treasurer Folwell also oversees the State Health Plan, which provides medical and pharmaceutical benefits to more than 720,000 current and retired public employees and is the largest purchaser of health care in North Carolina.