State Treasurer Riley Moore on Friday presented an unclaimed property check valued at more than $115,000 to the Marion County Board of Education – funds the school system says it will use to offset inflation and rising fuel costs.
Treasurer Moore presented Marion County Board of Education members and Superintendent Dr. Donna Hage with the check worth $115,841.60 during a meeting last Friday, April 1. The funds were from several stale dated checks that had gone uncashed.
“We’re always happy to return funds to our local school systems so they can put it to use to help serve our students,” Treasurer Moore said.
Marion County Schools Treasurer Scott Reider said the county intends to use the funds to combat some of the inflation they’re experiencing with school expenses – particularly the rising fuel costs for their bus fleet used to transport students.
“The monthly fuel costs for our bus fleet have gone up approximately $40,000 since January,” Reider said. “In addition, there has been a rise in the cost for supplies and materials from our vendors due to their increased costs delivering products directly to our school buildings. The surprise infusion of funds comes at a great time with the increase in fuel costs and will hopefully bridge the gap caused by inflation for the remainder of the school year.”
Treasurer Moore said his Unclaimed Property Division has more than 3 million listings valued at more than $300 million. He encouraged everyone to visit www.wvtreasury.com and click on the “Search” button to see if the Office is holding any assets in their name.
“Just like the Marion County Board of Education, we have all been feeling the effects of President Biden’s inflation and rising fuel costs – so every little bit helps these days,” Treasurer Moore said. “I encourage everyone to visit our website and see if we can return any money to you.”
What is Unclaimed Property?
Unclaimed property can include financial accounts or items of value in which the owner has not initiated any activity for one year or longer. Common examples include unpaid life insurance benefits, forgotten bank accounts and unused rebate cards. (While the title includes the word “property,” it does not however include real estate.)
West Virginia’s unclaimed property laws protect the public by ensuring money and property owed to them is returned to them, rather than remaining permanently with financial institutions, business associations, governments and other entities. The Treasurer seeks to reunite the unclaimed property, including uncashed paychecks, stocks, or safe deposit box contents, with its owner.
Nationwide, nearly 33 million people in the United States – one in every 10 – are estimated to have unclaimed property available for them to claim.
How Can I Find Unclaimed Property in My Name?
West Virginians searching for lost financial assets can go to www.wvtreasury.com, then click on the large Unclaimed Property “Search” button to the right of the page under the heading, “Are We Holding Your Money?” In addition to finding property, the www.wvtreasury.com website will also help you track a claim.
A demonstration of how to use the Unclaimed Property search site is available on the Treasury’s YouTube page, at: https://youtu.be/K09yQ7YNKlE.
To search for lost financial assets outside West Virginia, visit www.FindMyFunds.com or www.MissingMoney.com.