|Office website:||Official Link|
|2012 FY Budget:||$10,026,341|
|Term limits:||Two terms|
|Length of term:||Four years|
|Authority:||Constitution of Arkansas, Amendment 63, Article 6|
|Assumed office:||January 13, 2015|
|Next election:||November 6, 2018|
|Last election:||November 4, 2014|
|Other Arkansas Executive Offices|
|Governor • Lieutenant Governor • Secretary of State • Attorney General • Treasurer • Auditor • Commissioner of Education • Agriculture Secretary • Insurance Commissioner • Commissioner of State Lands • Natural Resources Exec. Director • Labor Director • Public Service Commission|
The office of treasurer is established by Amendment 63 to Article 6 of the Arkansas Constitution.
Constitution of Arkansas, Amendment 63
The Executive Department of this State shall consist of a Governor, Lieutenant Governor, Secretary of State, Treasurer of State, Auditor of State, Attorney General and Commissioner of State Lands, all of whom shall keep their offices at the seat of government, and hold their offices for the term of four (4) years, and until their successors are elected and qualified.
The Arkansas Constitution requires all elected or appointed officeholders to be an elector. That is, they must fulfill the state's voter registration requirements -- being a U.S. citizen, a resident of Arkansas, at least 18 years old. Felons and citizens judged to be mentally incompetent by a court are also ineligible to vote and, by extension, to hold office.
Other requirements to complete a voter registration form -- essentially, qualifications to be an elector -- are given by Amendment 59, Section 6 of the constitution.
Incumbents may not hold any other state, federal, or civil office, and may not have ever been convicted of "embezzlement of public money, bribery, forgery, or other infamous crime."
No persons shall be elected to, or appointed to fill a vacancy in, any office who does not possess the qualifications of an elector.
No person hereafter convicted of embezzlement of public money, bribery, forgery or other infamous crime, shall be eligible to the General Assembly or capable of holding any office of trust or profit in this State.
Constitution of Arkansas, Amendment 51, Section 6
(6) The mail voter registration application form shall include the following questions along with
boxes for the applicant to check "yes" or "no" in response:
Arkansans elect their treasurer for four-year terms during federal midterm election years (2006, 2010, 2014, etc.). Treasurers, like all Arkansas executives, served two year terms until 1982, when Amendment 63 to the Constitution of Arkansas increased the term length to its current level. The first elections held under the new system occurred in 1986, and every four years since.
|Treasurer of Arkansas, 2014|
|Democratic||Karen Sealy Garcia||37.3%||308,663|
|Election Results via Arkansas Secretary of State.|
Treasurers, like all Arkansas executives, face an absolute limit of two terms in office.
Per Article 6, Section 22 of the Arkansas Constitution, when the office of treasurer becomes vacant "by death, resignation, or otherwise," the governor appoints a replacement to complete the unexpired term.
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."
- Local Government Services
- Cash Management
- CD Trust Investment
- Receipts Processing
- Warrants Processing
The budget for the Arkansas State Treasurer's Office in Fiscal Year 2012 was $10,026,341.
The salaries of members of the state's executive department, including the treasurer, are determined by the state constitution. A majority vote of all legislators and a voter referendum is required to change the compensation executive officials receive. However, salaries are automatically increased every year in line with increases in inflation as represented by the Consumer Price Index.
In 2014, the treasurer received a salary of $54,847.92.
In 2010, the treasurer received compensation in the amount of $54,549.
There have been 38 state treasurers of Arkansas since 1836.
|List of Former Officeholders from 1836-Present|
|1.||W. E. Woodruff||October 1836 - November 1838|
|2.||John Hutt||November 1838 - February 1843|
|3.||J. C. Martin||February 1843 - January 1845|
|4.||Samuel Adams||January 1845 - January 1849|
|5.||William Adams||January 2, 1849 - January 10, 1849|
|6.||John H. Crease||January 1849 - January 1855|
|7.||A. H. Rutherford||January 1855 - February 1857|
|8.||John H. Crease||February 1857 - February 1859|
|9.||John Quindley||February 1859 - February 1860|
|10.||Jared C. Martin||December 1860 - February 1861|
|11.||Oliver Basham||February 1861 - April 1864|
|12.||E. D. Ayers||April 1864 - October 1866|
|13.||L. B. Cunningham||October 1866 - August 1867|
|14.||Henry Page||August 1867 - May 1874|
|15.||R. E. Newton||May 1874 - November 1874|
|16.||T. C. Churchill||November 1874 - January 1881|
|17.||W. E. Woodruff, Jr||January 1881 - January 1891|
|18.||R. B. Morrow||January 1891 - January 1895|
|19.||Ransom Gulley||January 1895 - January 1899|
|20.||T. E. Little||January 1899 - April 1901|
|21.||H. C. Tip-n||April 1901 - January 1907|
|22.||James L. Yates||January 1907 - January 1911|
|23.||John Crockett||January 1911 - January 1915|
|24.||R. G. McDaniel||January 1915 - January 1919|
|25.||Joe Ferguson||January 1919 - January 1925|
|26.||Sam Sloan||January 1925 - October 1925|
|27.||Dwight Blackwood||October 1925 - January 1927|
|28.||Ralph Koonce||January 1927 - January 1931|
|29.||Roy V. Leonard||January 1931 - January 1935|
|30.||Earl Page||January 1935 - January 1945|
|31.||J. Vance Clayton||January 1945 - July 1961|
|32.||L.A. Clayton||July 1961 - January 1963|
|33.||Nancy J. Hall||January 1963 - January 1981|
|34.||Jimmie Lou Fisher||January 1981 - January 2003|
|35.||Gus Wingfield||January 2003 - January 2007|
|36.||Martha Shoffner||January 2007 - May 2013|
|37.||Charles Robinson||May 2013 - January 2015|
|38.||Dennis Milligan||January 2015 - present|
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Arkansas State Treasurer's Office
220 State Capitol
Little Rock, AR 72201
Phone: (501) 682-5888
- Arkansas Constitution, "Amendment 63," accessed June 17, 2011
- Arkansas Constitution, "Amendment 63, Section 1," accessed June 16, 2011
- Arkansas Constitution, "Amendment 73, Section 1b," accessed June 16, 2011
- Arkansas State Treasury, "About," accessed June 17, 2011
- Arkansas Department of Finance and Administration, "State of Arkansas Funded Budget - Fiscal Year 2012," accessed May 28, 2013
- Arkansas Constitution, "Amendment 70, Sections 1-3," accessed June 16, 2011
- Arkansas Online, "Right 2 Know State Salaries 2014," accessed November 26, 2014
- The Council of State Governments, "Book of the States 2013, Table 4.11," accessed February 2, 2014
- The Council of State Governments, "Book of the States 2010, Table 4.11," accessed May 20, 2011