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Click here forFinancial Report“[I] was just reading through the annual report.
I think this is the first time the state of AZ has posted so much useful information.“
Cathleen Gillies
Welcome to the Office of the Arizona State Treasurer
Custodial Bank RFP, click here for document. The State Treasurer serves as the Chief Financial Officer for the State of Arizona, overseeing nearly $12.6 billion in assets under management. As a statewide constitutional officer, third in line of succession to the Governor, the Treasurer is responsible for the prudent custody and management of your tax dollars.
The State Treasurer is the trustee and manages over $2.5 billion of investments for the Arizona State Land Endowment Trust. There are 13 different investment pools for the endowment; the largest is the Public Common School Fund benefiting education. Millions of dollars each year are distributed directly to classrooms around Arizona as a result of our investments. To read more about how the Treasurer and the State Land Trust help education funding, click here.
The State Treasurer also provides investment services to local governments (counties, cities, towns, etc). Local governments may use the State Treasurer as an investment manager. By pooling their deposits with the State Treasurer, we can earn higher returns for both the State and local governments. We also provide same-day liquidity, and save local governments the cost of operating a duplicate trading room and investment accounting operation. Currently we manage over $5.6 billion for local governments in Arizona.
The Treasurer’s office has three separate accounting divisions to track deposits, investments, transfers, and distributions. The Treasurer’s office also has audit authority over all state finances. We track over 1,600 separate accounts for deposit, with over 500 accounts that can statutorily earn interest. Every dollar deposited earns investment income; revenue from non-interest earning eligible accounts is deposited in the General Fund. In June 2008, we made approximately $29 million dollars for the taxpayers!
The Treasurer is also the bank for state government. We reconcile approximately one billion dollars of transactions each day (credits and debits). Our office pays all warrants for the State of Arizona, as well as wire transfers. We manage the state’s cash flow and daily forecast future cash needs. We also contract with armored car service to pick up deposits directly from state agencies and branch offices across Arizona so that your tax money is deposited, invested, and earning interest the same day!
We are committed to the implementation of the latest technology, acquiring and retaining the best staff possible to achieve maximum efficiency in our operations and focusing on the protection of taxpayer dollars. Thank you for visiting our website.
Upcoming Meetings
Board of Investment
AUG 27 10:30am
Quarterly Meeting & Conference Calls
OCT 23rd
Download archived presentation
Please note: All meetings are open to the public.
Contact:
(602)-604-7800
Toll Free:
1-877-365-8310
Fax:
(602) 542-7176
Email:
info@aztreasury.gov
