February 16, 2012

To: Citizens of Maricopa County
From: Charles Hoskins, County Treasurer
Subject: Fiscal Year 2010-11 Budget and Expenditure Report

Attached you will find the Monthly Expenditures Report for the Maricopa County Treasurer’s Office for FY 2011-12, and the final report for FY 2010-11.

The FY2011-12 Budget is $4,267,568 which is an increase of $401,799 over the prior year. The increase is primarily due to three new positions, which had been eliminated at the beginning of the economic crisis.

The first position brought back was an internal auditor. With an approximate cash flow of $9 billion annually, this position is critical to the protection of taxpayer funds. The second position was a database administrator. During the last few years, our database administrator was also our IT director. This position is also necessary to insure a sound separation of responsibilities to help safeguard the integrity of critical data. Third, we needed a software architect. The current database and information system is old and costly to maintain. A software architect will bring technical direction to the evolution and modernization of the Treasurer System.

The Budget and Expenditure Reports are provided in the links below. The first two columns list the expenditure description and object codes used by the County. The next three columns list current month expenditures, year to date expenditures, and the total fiscal year office budget, respectively. The last column lists the percentage of budget spent as of the report date (YTD Expenditures divided by the Total Budget).

Sincerely,

CHARLES "HOS" HOSKINS
Maricopa County Treasurer