The County Treasurer is the disbursement officer of the county. The Constitution of the State of Arkansas provides for the election of the County Treasurer to a four-year term of office with the requirements that he/she be a qualified elector, and a resident of the county. In the event of a vacancy in office, the quorum court fills the vacancy by appointment, the appointee serving until the next general election, when a successor is elected.
The County Treasurer is also the unofficial or quasi comptroller. A few counties do have a county comptroller. The Treasurer is responsible for the custody and disbursement of all county funds and school district funds. The Treasurer, therefore, receives county tax collections, county turn back funds, federal matching funds, state aid to school district funds and revenues from various other sources. The Treasurer, after receiving this revenue, distributes the money to the various taxing units of the county. The County Treasurer signs checks, prepared and signed by the county clerk indicating that the expenditure has been authorized by the county court, to pay employees and creditors of the county. A copy of each check serves as a warrant and is filed in the county financial records.
The Treasurer must keep an accurate and detailed account of all receipts and disbursements of the county. The Treasurer is required to make a monthly financial report to the quorum court, prosecuting attorney and deputy prosecuting attorney of the judicial district in which the county is located, on the fiscal condition of the county.
The County Treasurer is allowed a two-percent commission on all funds coming to his/her office. This commission is allowed on all funds including county and school district funds (except revolving loan, equalizing, vocational education funds and proceeds of bond sales and insurance claims and other non revenue receipts) which the Treasurer receives. Also, the County Treasurer is allowed a smaller commission (less than 2%) from school districts that employ their own treasurer. The 2% commission is not kept by the Treasurer but is intended to create a source of revenue accruing to the office from which the salary or operation of the office could be paid. Any excess treasurer's commissions shall be redistributed to the various taxing units.