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| Maricopa County Treasurer | |
|---|---|
| Name | County Treasurer |
| Body | Maricopa County |
| Incumbent | David Schweikert |
| Incumbentsince | 2021 |
| Formation | 1871 |
| Website | County Treasurer |
Maricopa County Treasurer is an elected county official responsible for collection, custody, investment, and disbursement of public funds in Maricopa County, Arizona. The office interfaces with municipal entities such as the City of Phoenix, City of Mesa, City of Scottsdale, and Town of Gilbert, and coordinates with state institutions including the Arizona State Treasurer and the Arizona Department of Revenue. Historically the position has interacted with federal agencies such as the United States Department of the Treasury and the Internal Revenue Service.
The office operates within the jurisdiction of Arizona and serves the population of the Phoenix metropolitan area, including suburbs like Chandler, Arizona, Glendale, Arizona, Tempe, Arizona, and Avondale, Arizona. It is established under provisions of the Arizona Constitution and Arizona state statutes administered by the Arizona State Legislature. The treasurer works alongside elected county officials such as the Maricopa County Board of Supervisors, the Maricopa County Sheriff, the Maricopa County Recorder, and the Maricopa County Attorney.
Statutory duties include receipt and custody of tax collections from the Maricopa County Assessor, distribution of property tax proceeds to taxing jurisdictions like the Mesa Unified School District, the Phoenix Union High School District, and special districts such as the Maricopa County Flood Control District. The office manages cash flows for county departments including the Maricopa County Human Services Department and the Maricopa County Health Department, and administers financial transactions with banking partners such as Wells Fargo, Bank of America, and Chase Bank USA, N.A.. Responsibilities extend to compliance with accounting standards promulgated by the Governmental Accounting Standards Board and reporting to oversight bodies including the Arizona Auditor General.
The treasurer leads an administrative staff organized into divisions: collections, investments, disbursements, and taxpayer services. Professional roles include certified members of the American Institute of Certified Public Accountants and practitioners adhering to standards from the Association of Government Accountants. The office employs information systems integrated with vendors like Tyler Technologies and payment processors such as Fiserv and Vantiv. Collaboration occurs with county entities including the Maricopa County Human Resources Department, the Maricopa County Information Technology Department, and the Maricopa County Procurement Division.
The treasurer is elected in partisan elections coordinated by the Maricopa County Elections Department under rules from the Arizona Secretary of State and subject to campaign finance laws enforced by the Federal Election Commission and the Arizona Citizens’ Commission on Ethics. Past officeholders have included figures aligned with national parties like the Republican Party (United States) and the Democratic Party (United States), often interacting with statewide officials such as the Governor of Arizona and members of the Arizona Corporation Commission. Elections attract endorsements from organizations including the Arizona Association of Counties, the Arizona Chamber of Commerce and Industry, and labor groups like the American Federation of State, County and Municipal Employees.
The treasurer formulates short-term liquidity strategies and long-term investment policies consistent with statutes and rating agency guidance from Moody's Investors Service, Standard & Poor's, and Fitch Ratings. Investment portfolios typically involve instruments from issuers such as the United States Treasury, Federal Home Loan Bank, and commercial paper programs underwritten by firms like Goldman Sachs and J.P. Morgan Chase. Revenue forecasting models draw on economic indicators from the Bureau of Labor Statistics, the Federal Reserve Bank of San Francisco regional reports, and demographic data from the United States Census Bureau to project property tax receipts and intergovernmental transfers.
The office has faced litigation and administrative reviews related to issues such as delinquent tax sales, collection practices, and public records requests filed under the Arizona Public Records Law. Disputes have involved parties including law firms like Snell & Wilmer and watchdog organizations such as the AARP and Common Cause. Legal challenges have sometimes proceeded through venues like the Maricopa County Superior Court and the Arizona Court of Appeals, raising questions about statutory interpretation of county finance provisions enacted by the Arizona State Legislature.
Recent initiatives include modernization projects to expand online payment portals in partnership with technology firms like Accela, outreach campaigns with community organizations such as the United Way of Greater Phoenix and the Arizona Hispanic Chamber of Commerce, and financial literacy programs conducted jointly with Arizona State University and the University of Arizona extension services. Environmental and sustainability efforts have aligned cash management policies with objectives advocated by groups like the Sierra Club and the U.S. Green Building Council through green bond considerations evaluated by municipal advisors including Municipal Capital Markets Group.
Category:Maricopa County, Arizona