Mar 06, 2018
Nov 06, 2017 - Nov 13, 2017
The Treasurer of the State of Arkansas is the chief financial officer of the government of Arkansas. The treasurer acts as the state's bank, accepting deposits in the form of taxes and fees, and disbursing funds to state agencies based on warrants from the auditor's office. The office is also responsible for providing state aid to local governments and investing the state's cash funds. The office of treasurer acts as the state's "bank;" it accepts and processes all receipts in the form of taxes, fees and other payments to the state, and disburses that money from over 400 fund accounts to over 200 state agencies. In fiscal year 2010, the treasurer's office processed $16.2 billion in receipts and $16.4 billion in state warrants (outlays). The treasurer is also responsible for providing state aid to local governments, which amounted to $1.3 billion in FY 2010. It also supervises the $894 million Arkansas state investment fund, which earned $43.6 million in interest in 2010. The treasurer makes a report "to the governor every biennium on the condition of the treasury and its operations." The salary for this office is $54,848/year.