- The Auditor
of State is one of seven constitutional officers in Arkansas.
Other constitutional officers are the Governor, Lieutenant Governor,
Treasurer, Attorney General, Secretary of State and Land Commissioner.
- The Auditor
acts as the general accountant for the State, keeping track of
all fund and appropriation balances of all state agencies, and
writing the warrants (checks) in payment of the liabilities of
the State.
- The Auditor
is disbursing officer for certain federal funds, for approximately
1,000 individuals including Supreme and Appellate Justices, Circuit
and Chancery Judges, Prosecuting and Special Prosecuting Attorneys,
Court Reporters, Trial Court Administrative Assistants, the House
of Representatives, the Senate, county Juvenile Probate and Intake
Officers and Continuing Education Funds for County and Circuit
Clerks, Treasurers and Collectors.
- The Auditor
is a member of the State Board of Finance and, by statute, is
the administrator of the Unclaimed Property Act. He serves on
the Commercial Mobile Radio Services/Emergency Telephone Services
Board and as an ex-officio board member of the Arkansas Public
Employees Retirement System and the Arkansas Teachers Retirement
System. The Auditor serves on the Boards of Continuing Education
for County and Circuit Clerks, County Treasurers and County Collectors,
and administers their continuing education program.
Services
Administration
This division coordinates all other divisions and oversees the
official duties of the office. It handles research, personnel,
purchasing, and special projects including legislation.
Data Processing Division
This division physically prints all the warrants (checks) issued
by the state, maintains each state agency's daily balance, and
makes sure each agency appropriation has a sufficient balance
before the warrants are released. It produces the warrant register
and microfilms cashed warrants.
Handwritten
records in this division begin October 1, 1838. From that date
through December 31, 1839, 146 warrants were issued in the new
State of Arkansas. An IBM AS400 System (a mid- range, main frame
computer) is now used and it produces approximately 3 million
warrants totaling over $11 billion per year.
Warrant Division
This division processes all warrants produced by the Data Processing
Division. It is responsible for mailing or releasing the warrants
to the state agencies.
Accounting Division
This division maintains financial records for the offices of the
Auditor of State and the Lt. Governor and handles the disbursement
of over $46 million to those groups under the disbursement responsibility
of the Auditor. As a part of its disbursing responsibility, this
division handles all insurance, retirement, payroll deductions
and related reports for the various groups.
Unclaimed Property Division
Unclaimed Property is intangible personal property (cash, stocks,
bonds, oil and gas royalties, credit balances) or safe deposit
box contents not delivered to or received by the apparent owner
within the time prescribed by the Unclaimed Property Act.
On November
1 of each year, holders with unclaimed property must file a report
with the Auditor of State and remit all property outstanding for
one to five years on their books as of June 30 of that year. The
Auditor then has three years in which to attempt to locate the
rightful owner before the funds are deposited into the State General
Fund where they continue to be held for the benefit of the rightful
owner.
Annually,
a list of the currently reported owners of unclaimed property
is published as "The Great Arkansas Treasure Hunt".
All owners of record since 1985 are listed on the Internet at http://www.state.ar.us/auditor/unclprop/.
In addition
to voluntary reporting, the division conducts compliance audits
of holders in the state and receives money from out of state holders
through unclaimed property reporting services and clearing houses.
Arkansas participates in a reciprocal exchange program that brings
Arkansas assets reported to other states back to Arkansas.
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