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Coconino County treasurer outlines $1.4B reconciliation, lockbox bank change and staffing request
Summary
Treasurer Sarah Benatar described the county’s cash and investment operations — roughly $1.4 billion reconciled annually — and announced a planned bank/servicing change that will add a lockbox for property‑tax receipts, new fraud protections, and a staffing request to meet updated separation‑of‑duties guidance.
Coconino County Treasurer Sarah Benatar told the Board of Supervisors on May 15 that the treasurer’s office expects to reconcile about $1.4 billion in cash and investments for fiscal 2026 and is preparing a bank and service change that will add a lockbox for property‑tax receipts and new fraud protections.
“We are estimating that we are going to reconcile $1,400,000,000 this fiscal year,” Benatar said during her presentation, describing a portfolio of deposits and investments the office manages for…
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