Kimberly Yee
36th Arizona State Treasurer
Kimberly Yee

 

WHAT WE DO – INVESTMENTS

We protect, manage, and invest taxpayer money. Safe investing of public funds is our #1 priority. The Treasurer has approximately $15 Billion under management and stewards the cash management of Arizona’s $40 Billion state budget. Money comes into the Treasury through state and local taxes and fees paid by Arizonans and through the sale of state-owned land. These assets are entrusted to the Treasurer as the state’s investment officer. The Treasury invests assets in high-quality fixed-income and equity products. Our staff investment specialists monitor markets and work to maximize the state’s return on investment without compromising safety. All the while, the Treasurer maintains liquidity to meet cash flows. We help state agencies facilitate withdrawals of funds assigned to them, and we distribute funds to local governments, public schools, and other entities as required by state law.

 

WHAT WE DO – BANKING

The State Treasurer also serves as Arizona’s Banker. While not a bank itself, the Treasurer’s Office directs all state banking services, executes all state payments, and manages the state’s cash flow. As a protection for taxpayer money, the State Treasurer maintains a separate accounting system to provide a check and balance on the state accounting system and distributes investment earnings to the proper funds. The Treasury contracts with Arizona banks to process the state’s receipts and disbursements, money and security transfers, payment activity, and related banking services.