Boone County treasurer Nicole Galloway has announced that unclaimed property returns have grown 33 percent, to $19,856 in 2014 over 101 returned accounts, signifying a new record.
Boone County operates Missouri’s only county-based online unclaimed property system, to which Galloway credits the improvements. About $55,000 of unclaimed property remains in Boone County, including uncashed checks issued by the county.
“Achieving this level of unclaimed property returns in Boone County means we are getting citizen’s money back to them faster,” Galloway said. “In the past four years, we have been able to return $48,000 to 169 account owners, and I hope we continue to see more businesses and individuals claim their money.”
More than $7,000 was returned to businesses, and more than $12,000 to individuals. Returns ranged from 15 cents to $2,740.
“My staff and I want citizens and businesses to get their money back as quickly and easily as possible no matter the amount because the law requires it and it’s their money,” Galloway said. After being held for three years by the county, unclaimed property is transferred to the state, where it will be held until claimed.