DEBT MANAGEMENT PLAN FISCAL YEAR ENDED JUNE 30, 2000 MARICOPA COUNTY, ARIZONA Maricopa County, Arizona Debt Management Plan Table of Contents I. INTRODUCTION TO DEBT ....................................................................................1 Current Debt Situation.................................................................................................................................................1 Debt Issuance History...................................................................................................................................................2 Financing Alternatives .................................................................................................................................................3 Pay-As-You-Go Financing...........................................................................................................................................3 Grants ...............................................................................................................................................................................4 Short-Term Borrowing (Notes)..................................................................................................................................4 General Obligation Bonds (GO) ................................................................................................................................4 Revenue Bonds ................................................................................................................................................................5 Certificates of Participation (COP)...........................................................................................................................5 Lease-Purchase...............................................................................................................................................................5 Special Assessment Bonds ...........................................................................................................................................6 Debt Limit........................................................................................................................................................................6 Rating Agency Analysis ...............................................................................................................................................6 History of Debt Rating..................................................................................................................................................8 Ratio Analysis.................................................................................................................................................................8 General Obligation Bonds .........................................................................................................................................10 Stadium District...........................................................................................................................................................11 Subordinate Debt .........................................................................................................................................................12 Second Subordinate Debt...........................................................................................................................................12 Special Assessment Districts .....................................................................................................................................14 Housing Department...................................................................................................................................................15 Certificates of Participation......................................................................................................................................17 Capital Leases (Lease-Purchase Obligations)......................................................................................................19 i Maricopa County, Arizona Debt Management Division Department of Finance II. DEBT POLICIES..................................................................................................23 Administration of Policy............................................................................................................................................23 Use of Debt Financing.................................................................................................................................................23 Method of Sale ..............................................................................................................................................................23 Competitive Sale...........................................................................................................................................................23 Negotiated Sale .............................................................................................................................................................24 Use of Bond Insurance................................................................................................................................................24 Arbitrage Liability Management.............................................................................................................................24 Selection of Professional Services............................................................................................................................25 Continuing Disclosure of County Financial Information.................................................................................25 Maturity Structures ....................................................................................................................................................26 Ratings............................................................................................................................................................................27 Modification to Policies..............................................................................................................................................27 III. INDIVIDUAL DEBT SERVICE SCHEDULES.................................................31 ii Maricopa County, Arizona Debt Management Division Department of Finance SECTION I INTRODUCTION TO DEBT Debt Management Plan I. INTRODUCTION TO DEBT A comprehensive debt plan should be developed by all jurisdictions intending to issue debt. The purpose of Maricopa County’s debt management plan is to set forth the parameters for issuing debt and to manage the debt portfolio and provide guidance to decision makers regarding the timing and purposes for which debt may be issued. Provisions of the debt plan must be compatible with the County’s goals pertaining to the capital program and budget, the financial plan, and the operating budget. A debt plan should strike an appropriate balance between establishing limits on the debt program and providing sufficient flexibility to enable the County to respond to unforeseen circumstances and new opportunities that may benefit the County. This document is not intended to review the County’s total financial position. It is a study of the County’s debt position, as growth in the County could result in an increased need for capital financing. The County’s debt issuance program should be driven by revenues, as well as needs. Decisions regarding the use of debt will be based in part on the long-term needs of the County and the amount of equity (cash) dedicated in a given fiscal year to capital outlay. A disciplined, systematic approach to debt management should allow the County to enhance its credit ratings. The information contained herein reflects the current debt status of Maricopa County for the fiscal year ended June 30, 2000. The tables have been compiled by the Department of Finance. Portions of this Debt Management Plan are contained in the Comprehensive Annual Financial Report (CAFR) for the fiscal year ended June 30, 2000. A copy of the CAFR can be viewed at: http://www.maricopa.gov/finance. Current Debt Situation It is recognized that all debt, regardless of the source of revenue pledged for repayment, represents some sort of cost to taxpayers or ratepayers. Therefore, all types of County debt/obligations are considered herein. While lease-secured and certificate of participation obligations may not be debt under strict legal definitions, they still require future appropriations, and are a fixed charge. These lease payments and other non-bond obligations are added as defacto debt by most security analysts when calculating an issuers debt ratios. 1 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan Debt Issuance History The County has used debt financing for many years to finance infrastructure. The following chart illustrates the amount of debt, as well as, categories of outstanding debt for the fiscal year ended June 30, 2000. The amounts shown as outstanding are after the July 1, 2000, accrual for payment of principal and interest (if applicable). The debt service expenditures are accrued in the current period (before they are due and payable) because the resources are available in a dedicated debt service fund and the interest and principal payments are due and payable early in the following fiscal year. DEBT SERVICE REQUIREMENTS TO MATURITY All Categories of Debt Principal and Interest Maricopa County, Arizona As of June 30, 2000 Fiscal Year Ended June 30th Category of Bonds 1996 1997 1998 1999 2000 BONDS General Obligation $194,396,883 $168,431,175 $142,506,430 $116,542,735 $90,592,460 Stadium District (1 & 2) 63,473,580 76,633,420 72,270,175 67,909,481 63,543,961 Special Assessment (1) 725,205 843,895 696,604 1,264,278 961,761 Housing Department Certificates of Participation (3) 180,181 160,543 144,220 125,568 107,460 42,970,598 36,344,399 32,919,169 26,205,737 28,157,581 17,942,385 17,973,888 17,973,888 17,973,888 0 4,009,714 3,749,800 3,490,206 3,243,884 2,997,562 4,433,848 2,964,566 2,137,120 1,191,850 633,070 13,846,507 10,459,924 20,459,172 20,295,592 21,335,458 $341,978,901 $317,561,610 $292,596,984 $254,753,013 $208,329,313 NOTES PAYABLE Housing Department (4) LOANS PAYABLE Housing Department CAPITAL LEASE Enterprise Funds Long-Term Debt Acct. Group TOTAL Notes: (1) Does not represent an obligation of the County. (2) The principal and interest on the Second Subordinate Capital Appreciation Net Revenue Bonds ($6,669,259) and the IGA City of Mesa Municipal Development Corporation Revenue Bonds Series 1996B ($8,895,000) have been excluded from the above schedule as the timing of the repayments cannot be determined due to these bonds having variable interest rates and other factors affecting future payments. Included in the Stadium District revenue bonds are Stadium District debt with governmental commitment (IGA Peoria Sports Complex Series 1993A) which are obligations issued by other municipalities on behalf of the Stadium District. Under the Intergovernmental Agreement (IGA), the Stadium District has agreed to pay principal and interest due on the bonds from Stadium District revenue. (3) Includes amounts applicable to the Enterprise Funds and the General Fund. (4) Under the direction of the U.S. Department of Housing and Urban Development (HUD) Public Housing Authority GAAP Conversion Guide dated January 1, 2000, Maricopa County will no longer report a liability for the $17,973,888 of Housing Department permanent notes and interest. 2 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan Financing Alternatives The County should evaluate all potential funding sources before considering which method of financing may be the most appropriate. Sources of funding may include: current revenues and fund balances; intergovernmental grants from federal, state or other sources; state revolving funds or loan pools; private sector contributions through impact fees or public/private partnerships; and leasing. There are many sources of funding, depending on the type of debt to be incurred and the length of time for repayment. Short-term financing is defined as debt maturing not later than one year after the date of its issuance. There are basically three reasons for using short-term debt: • A vehicle to deal with temporary cash flow difficulties. This arises when cash receipts do not follow the same pattern as cash outlays. • To handle unexpected costs resulting from natural emergencies or other significantly unexpected events. • In anticipation of issuing a long-term bond for capital financing. This form of financing offers an opportunity to borrow for short periods until the true, final costs of a project are known. Pay-As-You-Go Financing This method means that capital projects are paid for from the government’s current revenue base. The County does not issue bonds and does not have to repay the borrowings over time. There are several advantages to this method. For example, pay-as-you-go financing will save the amount of interest which otherwise would be paid on bonds issued to finance the program. The government is not encumbered by as much debt service when economic conditions deteriorate due to normal business cycles. Since contributions can be reduced in a given budget year, pay-as-you-go contributions provide greater budgetary flexibility than does a debt issue. The jurisdiction’s long-term debt capacity is preserved for the future. Finally, lower debt ratios may have a positive effect upon the jurisdiction’s credit rating. Relying on current revenues to finance capital improvements also presents several disadvantages. Exclusive reliance upon pay-as-you-go funds for capital improvements means that existing residents are obliged to pay for improvements that will benefit new residents who relocate to the area after the expenditure is made. If the jurisdiction is forced to finance the 3 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan expenditure within a single budget, the large capital outlay required for some projects may result in an onerous tax burden. The County must be careful to ensure that the use of current revenues for capital projects does not diminish its availability to respond to emergencies. Grants Government grants stem from a variety of sources, but the majority of grant revenues for capital projects come from the federal and state governments. Often they require a County matching contribution. Most grants require an application from the County, identifying specific improvements or equipment that will be purchased with the grant money. Short-Term Borrowing (Notes) Tax Anticipation Notes (TAN’s) are notes issued in anticipation of the collection of taxes, as referenced in the Arizona Revised Statutes (A.R.S.), Title 35, Chapter 3, Article 3.1. They provide operating moneys to meet regular payroll and other operating expenses. During the fiscal year when tax payments are received, sufficient sums are used to retire the note. The timing of the note sale, the note’s due date, and repayment of funds are all components of cash flow and cash management analysis. Lines and Letter of Credit – Where their use is judged by the Chief Financial Officer to be prudent and advantageous to the County, the County has the power to enter into agreements with commercial banks or other financial entities for purposes of acquiring lines or letters of credit. Any agreement with financial institutions for the acquisition of lines or letters of credit shall be approved by the Board of Supervisors. The County last issued a TAN in August 1995 for $40 million which matured on July 31, 1996. The TAN was retired and the County has not needed to issue additional TAN’s. General Obligation Bonds (GO) Bond security is the taxing power of the state or local government, as referenced in the A.R.S., Title 35, Chapter 3, for new GO bonds and Title 35, Chapter 3, Article 4 for refunding bonds. An issuer selling a GO bond secured by its full faith and credit attaches to that issue its broadest pledge. This makes the security of these bonds very high. The full faith and credit backing of a GO bond includes the pledge of all general revenues, unless specifically limited, as well as, the legal means to raise tax rates to cover 4 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan debt service. The public entity is authorized to levy property taxes or to draw from other unrestricted revenue streams such as sales or income taxes to pay the bond’s principal and interest. Interest rates on these bonds are generally lowest of any public securities due to this superior security. Prior to issuance, Arizona GO bonds must have a majority vote approval from the residents of the County. Revenue Bonds Revenue bonds are long-term debt instruments retired by specific dedicated revenues, often revenues generated by a project funded out of debt proceeds. Revenue bonds are designed to be self-supporting through user fees or other special earmarked receipts. The general taxing powers of the jurisdiction are not pledged. The debt created through the issuance of revenue bonds is to be repaid by the earnings from the operations of a revenue producing enterprise, from special taxes, or from contract leases or rental agreements. County revenue bonds do not burden the constitutional or statutory debt limitation placed on the County because they are not backed by the full faith and credit of the issuer. The underlying security is the only revenue stream pledged to pay the bond principal and interest. Certificates of Participation (COP) COP’s represent proportionate interests in semiannual lease payments. Participation in the lease is sold in the capital markets. The County’s obligation to make lease payments is subject to annual appropriations being made by the County for that purpose. Rating agencies typically give COP issues a grade below that of General Obligation Bonds. A.R.S., Title 11, Chapter 2, Article 4, §11-251, Paragraph 46, provides for a maximum repayment term of twenty five years for the purchase or improvement of real property. Lease-Purchase Lease-Purchase financing provides long-term financing through a lease (with a mandatory purchase provision). This method does not constitute indebtedness under a state or local government’s constitutional debt limit and does not require voter approval. In a lease-purchase transaction, the asset being financed can include new capital asset needs or assets under existing lease agreements. 5 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan Special Assessment Bonds Special Assessment Bonds are issued to districts that are within a legally designated geographic area located within the County, which through the consent of the affected property owners, pay for basic infrastructure and public improvements to the area through a supplemental assessment. This financing approach achieves the objective of tying the repayment of debt to those property owners who most directly benefit from the improvements financed. Debt Limit The Arizona Constitution, Article 9, Section 8, states that a County may become indebted for an amount not to exceed fifteen percent of taxable property. The following table represents the County’s outstanding general obligation indebtedness with respect to its constitutional general obligation debt limitation. 1999-00 Constitutional General Obligation Bonding Capacity Maricopa County, Arizona 1999-00 Secondary Assessed Valuation $ 15% of Secondary Assessed Valuation Less: GO Bonded Debt Outstanding Plus: GO Debt Service Fund Balance Unused Fifteen Percent Borrowing Capacity $ $ 18,676,830,848 2,801,524,627 (79,595,000) 0 2,721,929,627 Rating Agency Analysis An independent assessment of the relative credit worthiness of municipal securities is provided by rating agencies. They furnish letter grades that convey each company’s assessment of the ability and willingness of a borrower to repay its debt in full and on time. Credit ratings issued by these agencies are a major function in determining the cost of borrowed funds in the municipal bond market. Moody’s Investors Service, Standard and Poor’s Corporation, and Fitch IBCA are the three major rating agencies that rate municipal debt. The rating agencies provide a rating assessment of credit worthiness for Maricopa County. There are five primary factors that comprise their ratings: 6 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan • • • • • Economic conditions – stability of trends, Debt-history of County – debt and debt position, Governmental/administration – organizational structure of the County, Financial performance – current financial status and the history of financial reports, Debt Management – debt policies, including long-term planning. Each of the rating agencies has their own method of assigning a rating on the ability and willingness of a borrower to repay in full and on time. Issuers must pay a fee for the opportunity to have one or more rating agencies rate the proposed debt issuance. The following shows how the ratings reflect creditworthiness, ranging from very strong securities to speculative and default situations. Examples of the rating systems are: BOND RATINGS Explanation of corporate/municipal bond ratings RATING AGENCIES Fitch Moody’s Standard & Poor’s Premium quality High quality Medium quality AAA AA A Aaa Aa A AAA AA A Medium grade, lower quality Predominantly speculative Speculative, low grade BBB BB B Baa Ba B BBB BB B Poor to default Highest speculation Lowest quality, no interest CCC CC C Caa Ca C CCC CC C In default, in arrears Questionable value DDD DD D DDD DD D Fitch and Standard & Poor’s may use “+” or “-” to modify ratings while Moody’s may use numerical modifiers such as 1 (highest), 2, or 3. 7 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan History of Debt Rating Maricopa County received ratings upgrades from Fitch IBCA and Moody’s Investors Service on April 5, 2000, and May 26, 2000, respectively. Moody’s Investors Service Press Release dated May 26, 2000, states that the bond upgrade “reflects improvement in the county’s financial position, due to the continuation of conservative fiscal strategies and the elimination of non-service support of the county hospital. The Aa3 rating also reflects the county’s large and diverse economic base, which continues to experience significant growth, and the county’s low debt position.” The following illustrates a history of the County’s various debt ratings. Type of Debt Fitch Date Rating Assigned Moody's AA 4/5/00 Aa3 5/26/00 A-1 A-2 A Aa Aa-1 Aa 11/6/98 3/17/97 6/13/94 7/26/93 8/21/81 12/6/72 General Obligation Stadium District Revenue Bonds Aaa (1) Date Date Rating Standard & Rating Assigned Poor's Assigned A+ A AA 4/11/97 5/27/94 6/2/76 AAA (1) (1) First lien bonds are insured, no underlying rating. Second subordinate capital appreciation bonds were a private placement, therefore, they were not rated or insured. Ratio Analysis Rating analysts compare direct net debt to the population in order to measure the size or magnitude of the County’s debt. This ratio is referred to as the Direct Net Debt Per Capita Ratio. The same ratio is applied to all debt within the County which includes School Districts, Cities and Towns, and Special Districts. This ratio is referred to as the Overall Net Debt Per Capita Ratio. The taxable value of the County is a measure of the County’s wealth. It also reflects the capacity of the County’s ability to service current and future debt. The ratio of Direct Net Debt as a percentage of Full Value (FV) Property is the comparison of direct net debt to the County's taxable value. The same ratio is applied to all debt within the County and is referred to as the Overall Net Debt as a percentage of Full Value Property. The Full Value Property Per Capita ratio represents 8 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan the per capita value of taxable property in the County. An explanation of how each ratio is calculated is included in the notes below. There are an infinite number of ratios which could be calculated to measure the County’s debt burden. This analysis focuses on commonly used ratios instead of creating customized ones. DIRECT AND OVERALL NET DEBT MARICOPA COUNTY, ARIZONA Audited 6/30/99 $99,910,000 (1,240,000) Audited 6/30/00 $79,595,000 0 Projected 6/30/01 $58,205,000 0 Projected 6/30/02 $39,350,000 0 17,633,952 20,667,686 $136,971,638 4,751,102,012 $4,888,073,650 18,121,511 17,222,210 $114,938,721 5,159,228,001 $5,274,166,722 14,074,040 13,575,119 $85,854,159 5,494,577,821 $5,580,431,980 11,232,088 9,804,315 $60,386,403 5,851,725,379 $5,912,111,782 2,806,100 $128,171,305 2,879,492 $142,792,237 2,951,479 $154,929,577 3,025,266 $168,098,591 $48.81 $39.92 $29.09 $19.96 $1,741.95 $1,831.63 $1,890.72 $1,954.25 Direct Net Debt As Percentage Of Full Value Property .1069% .0805% .0554% .0359% Overall Net Debt As % Of FV Property 3.81% 3.69% 3.60% 3.52% $45,675.96 $49,589.38 $52,492.18 $55,564.90 OUTSTANDING DEBT General Obligation Less: Amount avail. for Retirement of General Obligation Debt Capital Lease - General Long Term Debt Account Group (GLTDAC) Certificate of Participation (GLTDAC) Direct Net Debt Overlapping Debt (1) Overall Net Debt Population Estimate (2) Full Value of Taxable Property (3) Ratios (4) Direct Net Debt Per Capita Overall Net Debt Per Capita FV Property Per Capita Notes: (1) Projected overlapping debt was based on a 6.5% increase for 2001 and 2002. (2) Source: Arizona Department of Economic Security. Projection for 2001 and 2002 was based on a 2.50% growth rate. (3) Taxable Property Estimates: 2000 provided by the Assessor’s Office; 2001 and 2002 based on 8.5% estimated annual growth; amounts are in billions (000’s omitted). (4) Summary of Debt Ratios: • Direct net debt per capita = Direct net debt/Population • Overall net debt per capita = Overall net debt/Population • Direct net debt as a percentage of full value property (FV) = Direct net debt/FV property • Overall net debt a percentage of FV property = Overall net debt/FV property • FV property per capita = FV property/Population 9 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan The following sections of the Debt Management Plan contain information on the obligations of Maricopa County by debt type. General Obligation Bonds Long-term General Obligation Bonds shall be issued to finance significant capital improvements for purposes set forth by voters in bond elections. Interest rates on these bonds are generally lowest of any public securities. Prior to issuance, Arizona GO Bonds must have a majority vote approval from the residents of the County. General Obligation Bonds currently outstanding were the result of the 1986 general election where the voters authorized the County to issue long term debt. The resulting proceeds from the sale of the bonds were used for the purpose of making improvements in the County which included Criminal and Civil Courts Facilities, Juvenile Court – Juvenile Treatment and Detention Facilities, Law Enforcement and Public Safety, Regional Park Improvements, Environmental Protection, Sanitary Landfill, Public Health Facilities, Infrastructure, Communication Improvements, etc. The following tables and chart illustrate the existing debt service for the outstanding general obligation bonded debt currently paid by ad valorem taxes. DEBT SERVICE REQUIREMENTS TO MATURITY General Obligation Bonds Maricopa County, Arizona As of June 30, 2000 FY End th June 30 2001 2002 2003 2004 TOTAL $ $ Principal 21,390,000 18,855,000 19,350,000 20,000,000 79,595,000 Interest $ 4,551,675 3,305,035 2,165,750 975,000 $ 10,997,460 Debt Service $ 25,941,675 22,160,035 21,515,750 20,975,000 $ 90,592,460 SUMMARY OF PRINCIPAL AMOUNT OUTSTANDING BY ISSUE As of June 30, 2000 Bond Issue 1992 Bond Issue – Refunding 1992 Bond Issue – Refunding 1986 Bond Issue – Series D (1993) 1994 Bond Issue – Refunding (1994A Tax Exempt) 1995 Bond Issue – Refunding TOTAL 10 $ $ Amount 1,625,000 49,450,000 23,000,000 1,835,000 3,685,000 79,595,000 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan DEBT SERVICE REQUIREMENTS General Obligation Bonds Interest Principal 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 0 2001 2002 2003 2004 Stadium District The Stadium District was formed through action of the Maricopa County Board of Supervisors in September 1991 pursuant to the A.R.S., Title 48, Chapter 26. The Stadium District has two purposes: • To oversee the operation and maintenance of Bank One Ballpark, a major league baseball stadium, and • Enhance and promote major league baseball spring training in the County through the development of new, and the improvement of, existing baseball training facilities. To accomplish this purpose, the Stadium District possesses the statutory authority to issue special obligation bonds to provide financial assistance for the development and improvement of baseball training facilities located within the County. Ten major league baseball teams hold spring training in the County as part of the Cactus League: California Angels, Chicago Cubs, Colorado Rockies, Milwaukee Brewers, Oakland Athletics, San Diego Padres, San Francisco Giants, Seattle Mariners, Chicago White Sox and Arizona Diamondbacks. The Stadium District Revenue Bonds are special obligations of the District. The bonds are payable solely from pledged revenues, consisting of car rental surcharges levied and collected by the District pursuant to A.R.S., 11 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan Title 48, Chapter 26, Article 2, §48-4234. Under the statute, the District may set the surcharge at $2.50 on each lease or rental of a motor vehicle licensed for hire, for less than one year, and designed to carry fewer than 15 passengers, regardless of whether such vehicle is licensed in the State of Arizona. The District Board of Directors initially levied a surcharge at a rate of $1.50 beginning in January 1992. The District Board of Directors increased the surcharge to $2.50, the maximum amount permitted by statute, in January 1993. The bonds do not constitute a debt or a pledge of the faith or credit of Maricopa County, the State of Arizona, or any other political subdivision. The payment of the bonds is enforceable solely out of the pledged revenues and no owner shall have any right to compel any exercise of taxing power of the District, except for surcharges. The following provides additional information regarding the Stadium District’s Subordinate Debt and Second Subordinate Debt. Subordinate Debt On June 1, 1993, the City of Peoria issued $24,160,000 of 1993 Series A Bonds on behalf of the Stadium District to construct the Peoria Sports Complex for use by the San Diego Padres and the Seattle Mariners. The Stadium District entered into an Intergovernmental Agreement (IGA) with the City of Peoria and the City of Peoria Municipal Sports Complex Authority, pursuant to which the Stadium District has agreed to pay the principal and interest payments due on the bonds from Stadium District Revenues. Stadium District Revenues in the Peoria Subordinated Obligation Subaccount remain subject to the pledge and priority lien of the Stadium District Bonds. Second Subordinate Debt On April 1, 1996, the City of Mesa Municipal Development Corporation issued $10,000,000 of Revenue Bonds Series 1996B on behalf of the Stadium District. Pursuant to the terms of an IGA with the City of Mesa, the Stadium District will, as certain specified revenues become available in the future, repay the City of Mesa an amount equal to the debt service associated with the Series 1996B Bonds, plus certain expenses relating thereto. The bonds are secured solely by the City of Mesa’s obligation to make payments under the lease and its pledge of excise taxes to secure such obligation. The bonds are remarketed by their remarketing agent at an annual interest rate necessary to market such bonds at prices equal to 100% of the principal amounts thereof, which is not to exceed 15%. 12 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan On March 10, 1997, the Stadium District issued $10,000,000 in Second Subordinate Capital Appreciation Net Revenue Bonds to assist in the construction of the City of Phoenix Maryvale Baseball Park for use by the Milwaukee Brewers. Pursuant to terms of the agreement, the Stadium District will, as certain specified revenues become available in the future, prepay the bonds. The following tables illustrate the existing debt service for the outstanding Stadium District Revenue Bonds and Second Subordinate Bonds. SUMMARY OF PRINCIPAL AMOUNT OUTSTANDING BY ISSUE As of June 30, 2000 Bond Issue Series 1993A Series 1993B Series 1996 IGA Peoria Sports Complex Series 1993A Sub-Total Amount $10,335,000 2,020,000 8,680,000 19,330,000 $40,365,000 Second Subordinate Obligation: IGA Mesa Municipal Development Corporation Series 1996B Capital Appreciation Bonds TOTAL 8,895,000 6,669,259 $55,929,259 DEBT SERVICE REQUIREMENTS TO MATURITY Stadium District Revenue Bonds Maricopa County, Arizona As of June 30, 2000 FY End th June 30 2001 2002 2003 2004 2005 2006 2007 2008 2009 2110 2111 2112 2113 2114 2115 2116 TOTAL Principal $ 1,785,000 1,875,000 1,985,000 2,105,000 2,240,000 2,390,000 2,550,000 2,720,000 2,905,000 3,110,000 3,325,000 3,560,000 3,810,000 1,880,000 2,000,000 2,125,000 $ 40,365,000 13 Interest $ 2,572,155.00 2,470,682.50 2,361,105.00 2,242,300.00 2,111,295.00 1,970,037.50 1,817,592.50 1,652,817.50 1,476,107.50 1,280,377.50 1,070,387.50 845,322.50 604,117.50 345,287.50 237,187.50 122,187.50 $ 23,178,961.00 Total Debt Service $ 4,357,155.00 4,345,682.50 4,346,105.00 4,347,300.00 4,351,295.00 4,360,037.50 4,367,592.50 4,372,817.50 4,381,107.50 4,390,377.50 4,395,387.50 4,405,322.50 4,414,117.50 2,225,287.50 2,237,187.50 2,247,187.50 $ 63,543,961.00 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan DEBT SERVICE REQUIREMENTS Stadium District Revenue Bonds Interest Principal 4,500,000 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 Note: The principal and interest on the Second Subordinate Capital Appreciation Net Revenue Bonds ($6,669,259) and the IGA City of Mesa Municipal Development Corporation Revenue Bonds Series 1996B ($8,895,000) have been excluded from the Debt Service Requirements To Maturity and the Debt Service Requirements graph as the timing of the repayments cannot be determined due to these bonds having variable interest rates and other factors affecting future payments. Included in the Stadium District revenue bonds are Stadium District debt with governmental commitment (IGA Peoria Sports Complex Series 1993A) which are obligations issued by other municipalities on behalf of the Stadium District. Under an Intergovernmental Agreement (IGA), the Stadium District has agreed to pay principal and interest due on the bonds from Stadium District revenue. Special Assessment Districts A Special Assessment District (Improvement District) process begins with the circulation of a petition. The petition must be signed by either a majority of the persons owning real property or by the owners of fifty-one percent or more of the real property within the limits of the proposed district. With the approval of the petition by the Board of Supervisors, a new improvement district is established. County Improvement Districts are further described in A.R.S., Title 48, Chapter 6, Article 1. With the Board of Supervisors acting as the Board of Directors for each district, approval of an engineer, and the approval of plans, specifications and cost estimates soon follow. Each of these early phases of the improvement district process contains regulations for public notification 14 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan through posting of the property, publication in the local newspaper, and the set up of a protest period. Once the Board approves the awarding of the bid, construction follows. Since the residents pay these improvements, an assessment is levied against each property owner. Depending on the type of improvement, some assessments are carried on the property tax roll, while others are collected through the Improvement District Office. If the property owners are unable to prepay the improvement assessment within 30 days after the completion of the work, bonds are sold for the balance of the construction amount. The bonds are collateralized by properties within the district. The receivable is held by the Improvement District, and billed on a semi-annual basis. In cases of a delinquent payment of an assessment, the lien including penalty and interest may be sold at a public auction. If there is no purchaser for the lien, the District (not the County) will assume, as a general obligation, the amount of the assessment and interest accruing thereon. The following table illustrates the outstanding principal amount by issue for the Assessment District Bonds. SUMMARY OF PRINCIPAL AMOUNT OUTSTANDING BY ISSUE As of June 30, 2000 Bond Issue Boulder 158th Street Grandview Manor Queen Creek Water Fairview Lane East Fairview Lane White Fence Farms th 104 Place/University Drive Central Avenue Billings Street TOTAL Amount $ 5,299.91 3,825.13 44,099.03 257,134.69 13,486.50 25,579.02 58,451.03 39,377.10 204,452.87 7,683.01 $ 659,388.29 Housing Department These bonds are due annually in varying principal and interest amounts, and are payable from Federal government subsidies. The Housing Department loans payable at June 30, 2000, consisted of the following outstanding notes. The Department sold notes to the Federal 15 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan Financing Bank. These notes will be repaid through Federal government subsidies. DEBT SERVICE REQUIREMENTS TO MATURITY Housing Department Loans Payable Maricopa County, Arizona As of June 30, 2000 FY End th June 30 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 TOTAL Principal 115,484.04 106,577.64 113,611.76 121,110.14 128,828.52 137,606.09 146,688.09 156,369.50 166,517.98 177,680.08 189,406.96 201,907.82 215,194.86 $ 1,976,983.48 Interest 130,838.37 122,858.96 115,824.84 106,326.46 100,608.08 91,830.51 82,748.51 73,067.10 62,918.62 51,756.52 40,029.64 27,528.78 14,241.74 $ 1,020,578.13 $ $ Total Debt Service $ 246,322.41 229,436.60 229,436.60 229,436.60 229,436.60 229,436.60 229,436.60 229,436.60 229,436.60 229,436.60 229,436.60 229,436.60 229,436.60 $ 2,997,561.61 DEBT SERVICE REQUIREMENTS Housing Department Loans Payable 250,000 Interest Principal 200,000 150,000 100,000 50,000 0 16 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan The following illustrates the debt service for the outstanding Public Housing bonds which are payable from Federal government subsidies. DEBT SERVICE REQUIREMENTS TO MATURITY Housing Department Bonds Maricopa County, Arizona As of June 30, 2000 FY End th June 30 2001 2002 2003 2004 2005 2006 TOTAL Principal $ 14,114.01 16,936.81 14,114.01 16,936.81 16,936.81 16,936.84 $ 95,975.29 Interest $ 3,445.59 2,843.98 2,242.37 1,640.76 984.46 328.15 $ 11,485.31 Total Debt Service $ 17,559.60 19,780.79 16,356.38 18,577.57 17,921.27 17,264.99 $ 107,460.60 DEBT SERVICE REQUIREMENTS Housing Department Bonds Interest 20,000 Principal 15,000 10,000 5,000 0 Certificates of Participation Certificates of Participation represent proportionate interests in semiannual lease payments. The County’s obligation to make lease payments are subject to annual appropriations being made by the County for that purpose. On August 1, 1993, Maricopa County issued $3,850,000 of Certificates of Participation to assist in the acquisition, construction and equipping of the County’s West Mesa Justice Court and Northwest Regional Probation 17 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan Center facilities. Additionally, the proceeds were used for an advance refunding of the Certificates of Participation Series 1989 and to prepay land purchase agreements the County had previously executed with the State of Arizona. On August 1, 1994, Maricopa County issued $30,000,000 of Certificates of Participation to assist in the acquisition of the County’s Southeast Juvenile Court and Detention Center and its adult detention facility know as the Estrella Jail Complex. On August 1, 1996, Maricopa County issued $2,500,000 of Certificates of Participation to pay for the cost of a building for Maricopa County Regional School District 509. On February 1, 2000, Maricopa County issued $5,300,000 of Certificates of Participation to pay for the cost of construction for the Avondale Family Health Center. The following illustrates the debt service for the outstanding Certificates of Participation. DEBT SERVICE REQUIREMENTS TO MATURITY Certificates of Participation Maricopa County, Arizona As of June 30, 2000 FY End June 30th Enterprise Funds 2001 2002 2003 2004 2005 After 2005 Total principal and interest Amount representing interest Total payable at June 30, 2000 $ 839,557 803,826 803,860 805,447 760,958 3,752,911 7,766,559 (2,100,388) $5,666,171 18 General Long Term Account Group $ 4,671,788 4,579,683 4,580,727 4,482,259 326,120 1,750,445 20,391,022 (3,168,812) $17,222,210 Total Debt Service $ 5,511,345 5,383,509 5,384,587 5,287,706 1,087,078 5,503,356 28,157,581 (5,269,200) $ 22,888,381 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan SUMMARY OF PRINCIPAL AMOUNT OUTSTANDING BY ISSUE As of June 30, 2000 Certificate of Participation Issues Series 1993 Certificates of Participation Series 1994 Certificates of Participation Series 1996 Certificates of Participation Series 2000 Certificates of Participation TOTAL Amount 1,300,001 14,285,000 2,003,380 5,300,000 22,888,381 $ $ Capital Leases (Lease-Purchase Obligations) Maricopa County uses lease-purchase financing to expand its borrowing power. This financing technique provides long-term financing through a lease (with a mandatory purchase provision). The County negotiates a multi-year contract with lending institutions to finance various pieces of equipment. Lease-purchase agreements use non-appropriation clauses to avoid being classified as long term debt, which might be subject to State legal restrictions. This clause allows the government to terminate the lease without penalty. However, because it is not likely that the County would be willing to forego the property, lease-purchase agreements are considered long-term obligations for policy planning purposes, regardless of the legal structure. The County maintains several capital leases, with five leases accounting for the majority of the balance. The departments and leased equipment include Elections Department optical scan counter, General Government SmartZone radio system, two Sheriff’s helicopters, and Facilities Management energy savings retrofit. The security for lease-purchase financing is the lease payments made by the County and, where legally permitted, also the asset being financed. The following schedule shows all outstanding capital leases for the Enterprise Funds and the General Long Term Debt Account Group as of June 30, 2000. Capital Leases Maricopa County, Arizona Fiscal Year Ended June 30, 2000 2000-01 2001-02 2002-03 2003-04 2004-05 Thereafter Total minimum lease payments Less: Amount representing interest Present value of net minimum lease payments 19 $ $ 5,281,159 3,731,784 3,014,194 2,546,944 2,485,438 4,909,009 21,968,528 (3,238,223) 18,730,305 Maricopa County, Arizona Debt Management Division Department of Finance This page intentionally left blank. 20 Maricopa County, Arizona Debt Management Division Department of Finance SECTION II DEBT POLICIES Debt Management Plan II. DEBT POLICIES Regular, updated debt policies can be an important tool to ensure the use of the County’s resources to meet its commitments to provide needed services to the citizens of Maricopa County and to maintain sound financial practices. Administration of Policy The Chief Administrative Officer is the Chief Executive of the County. With the exception of those responsibilities specifically assigned by state statute to the Chief Financial Officer, the Chief Administrative Officer is ultimately responsible for the approval of any form of County borrowing. The Chief Financial Officer coordinates the administration and issuance of debt, as designated by the Chief Administrative Officer. The Chief Financial Officer is also responsible for attestation of disclosure and other bond related documents. References to the “Chief Administrative Officer or his designee” in bond documents are hereinafter assumed to assign the Chief Financial Officer as the “designee” for administration of this policy. Use of Debt Financing Debt financing includes General Obligation Bonds, Revenue Bonds, Certificates of Participation, Lease/Purchase agreements, and other obligations permitted to be issued or incurred under Arizona law. Method of Sale Debt issues of the County may be sold by competitive, negotiated, or private placement sale methods unless otherwise limited by state law. The selected method of sale will be the option which is expected to result in the lowest cost and most favorable terms given the financial structure used, market conditions, and prior experience. Competitive Sale The County will use the competitive sale method unless there are compelling reasons which indicate that a negotiated sale or private placement would have a more favorable result due to prevailing conditions in the market, a financing structure which requires special premarketing efforts, or factors are present that are expected to result in an insufficient number or competitive bids. 23 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan Negotiated Sale When determined appropriate, the County may elect to sell its debt obligations through a negotiated sale. Such determination may be made on an issue by issue basis, for a series of issues, or for part or all of a specific financing program. Negotiated underwriting may be considered upon recommendation of the Chief Financial Officer. Use of Bond Insurance This is an insurance policy purchased by an issuer or an underwriter for either an entire issue or specific maturities. It will guarantee the payment of principal and interest, which in turn provides a higher credit rating and thus a lower borrowing cost for an issuer. The present value of the estimated debt service savings from insurance should be at least equal to or greater than the insurance premium when insurance is purchased directly by the County. The bond insurance company will usually be chosen based on an estimate of the greatest net present value insurance benefit (present value of debt service savings less insurance premium). Arbitrage Liability Management Arbitrage is defined as the practice of simultaneously buying and selling an item in different markets in order to profit from a spread in prices or yields resulting from market conditions. Arbitrage profits are made by selling tax-exempt bonds and investing the proceeds in higher-yielding taxable securities, when referencing municipal bonds. Municipal issuers are allowed to make arbitrage profits under certain restricted conditions. The sale of tax-exempt bonds primarily for the purpose for making arbitrage profits is prohibited by Section 103(c) of the Internal Revenue Code. The Debt Management Division of the Department of Finance shall establish a system of record keeping and reporting to meet the arbitrage rebate compliance requirements of the federal tax code. This will include tracking investment earnings on bond proceeds, using outside experts to assist in calculating rebate payments, preparing returns, and making payments in a timely manner in order to preserve the tax exempt status of the County’s outstanding debt issues. Additionally, general financial reporting and certification requirements embodied in bond covenants will be monitored to ensure that all covenants are met. The County will 24 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan structure its financing in such a way as to reduce or eliminate future Arbitrage Rebate liability, wherever feasible. Selection of Professional Services The Chief Financial Officer shall be responsible for establishing a solicitation and selection process for securing professional services that are required to develop and implement the County’s debt program. Goals of the solicitation and selection process shall include encouraging participation from qualified service providers, both local and national, and securing services at competitive prices. Bond Counsel – To render opinions on the validity, enforceability and tax exempt status of the debt and related legal matters, and to prepare the necessary resolutions, agreements and other documents. Financial Advisor – To advise on the structuring of obligations to be issued, inform the County of various options, advise the County as to how choices will impact the marketability of County obligations and provide other services as defined by contract. To ensure independence, the financial advisor will not bid on nor underwrite any County debt issues. Competitive proposals will be taken periodically for services to be provided over a period of one year with annual renewal options. Other professional services will be retained, when required, including managing underwriters, credit agencies, escrow agents, trustees, printers, and others. These services will be procured when in the best interest of the County by a competitive selection process. Continuing Disclosure of County Financial Information Annual financial statements and other pertinent credit information, including the Comprehensive Annual Financial Report (CAFR), will be provided by the County upon request. A copy of the CAFR can be viewed from the Maricopa County home page at: http://www.maricopa.gov.finance. All material that has a pertinent bearing on County finances will be provided to the agencies that maintain a rating on County securities. The Chief Financial Officer shall be responsible for providing ongoing disclosure information to established national information repositories and for maintaining compliance with disclosure standards dictated by state and national regulatory bodies. 25 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan Copies of official statements for future issuance’s of its bonds will be available through the following recognized municipal repositories: Bloomberg Municipal Repositories P.O. Box 840 Princeton, NJ 08542 Phone: (609) 279-3225 Fax: (609) 279-5962 Internet: Munis@Bloomberg.com DPC Data Inc. One Executive Drive Fort Lee, NJ 07024 Phone: (201) 346-0701 Fax: (201) 947-0107 Internet: nrmsir@dpcdata.com Interactive Data Attn: Repository 100 Williams Street New York, NY 10038 Phone (212) 771-6899 Fax: (212) 771-7390 Email: NRMSIR@interactivedate.com Standard & Poor’s J.J. Kenny Repository th 55 Water Street – 45 Floor New York, NY 10041 Phone: (212) 438-4595 Fax: (212) 438-3975 Email: nrmsir_repository@sandp.com The Securities and Exchange Commission released final “continuing disclosure” rules (the “Rules”) for municipal bond issues on November 10, 1994, (amended existing Rule 15c2-12). The Rules, which in general were effective on July 3, 1995, impact nearly every issuer of municipal securities. The stated purpose of the Rules is to deter fraud and manipulation in the municipal securities market by prohibiting the underwriting and subsequent recommendation of securities for which adequate information is not available. No underwriter can purchase or sell bonds in an offering of more than $1,000,000 after July 3, 1995, unless it has reasonably determined that an issuer has undertaken to provide to the public information repositories on a continuing basis both annual financial information and notices of specified material events affecting the issuer or its securities. This is applicable unless an exemption applies. The County intends to fully comply with the “continuing disclosure” rules. Maturity Structures Principal payment schedules should not extend beyond the economic life of the project or equipment financed. The structure of debt issued by the County should be to provide for either level principal or level debt service. Except in select instances, deferring the repayment of principal should be avoided. 26 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan Ratings The County’s goal is to maintain or improve its bond ratings. To that end, prudent financial management policies will be adhered to in all areas. The Chief Financial Officer shall be responsible for maintaining relationships with the rating agencies that currently assign ratings to the County’s various debt obligations. The County will maintain a line of communication with the rating agencies informing them of major financial events in the County as they occur. Full disclosure of operations will be made to the bond rating agencies. County staff, with the assistance of the financial advisor and bond counsel, will prepare the necessary materials for presentation to the rating agencies. A personal meeting with representatives of the rating agencies will be scheduled every few years or whenever a major project is initiated. Modification to Policies These policies will be reviewed annually and significant changes may be made with the approval of the County Manager. Significant policy changes will be presented to the Board of Supervisors for approval. 27 Maricopa County, Arizona Debt Management Division Department of Finance This page intentionally left blank. 28 Maricopa County, Arizona Debt Management Division Department of Finance SECTION III INDIVIDUAL DEBT SERVICE SCHEDULES Debt Management Plan III. INDIVIDUAL DEBT SERVICE SCHEDULES GENERAL OBLIGATION STADIUM DISTRICT SPECIAL ASSESSMENT HOUSING NOTES HOUSING DEPARTMENT CERTIFICATES OF PARTICIPATION CAPITAL LEASES 31 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan MARICOPA COUNTY, ARIZONA CALCULATED TOTAL OF ALL GENERAL OBLIGATION BOND REDEMPTION SCHEDULES DATE 1/1/2001 7/1/2001 1/1/2002 7/1/2002 1/1/2003 7/1/2003 1/1/2004 7/1/2004 $ PRINCIPAL 21,390,000.00 18,855,000.00 19,350,000.00 20,000,000.00 $ 79,595,000.00 INTEREST 2,275,837.50 2,275,837.50 PERIOD TOTAL $ 2,275,837.50 23,665,837.50 FISCAL TOTAL $ 25,941,675.00 1,652,517.50 1,652,517.50 1,082,875.00 1,082,875.00 487,500.00 487,500.00 $ 10,997,460.00 1,652,517.50 20,507,517.50 1,082,875.00 20,432,875.00 487,500.00 20,487,500.00 $ 90,592,460.00 22,160,035.00 21,515,750.00 20,975,000.00 $ 90,592,460.00 $ 32 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $68,500,000 MARICOPA COUNTY, ARIZONA 1992 BOND ISSUE - REFUNDING GENERAL OBLIGATION BOND REDEMPTION SCHEDULE DATE 1/1/2001 7/1/2001 1/1/2002 7/1/2002 1/1/2003 7/1/2003 PRINCIPAL 675,000.00 700,000.00 250,000.00 $ 1,625,000.00 RATE $ INTEREST 41,975.00 41,975.00 23,750.00 23,750.00 6,250.00 6,250.00 $ 143,950.00 $ 5.400% 5.000% 5.000% 33 PERIOD TOTAL $ 41,975.00 716,975.00 23,750.00 723,750.00 6,250.00 256,250.00 $ 1,768,950.00 FISCAL TOTAL $ 758,950.00 747,500.00 262,500.00 $ 1,768,950.00 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $67,500,000 MARICOPA COUNTY , ARIZONA 1992 BOND ISSUE - REFUNDING GENERAL OBLIGATION BOND REDEMPTION SCHEDULE DATE 1/1/2001 7/1/2001 1/1/2002 7/1/2002 1/1/2003 7/1/2003 PRINCIPAL 15,200,000.00 16,150,000.00 18,100,000.00 $ 49,450,000.00 RATE $ INTEREST 1,545,312.50 1,545,312.50 1,070,312.50 1,070,312.50 565,625.00 565,625.00 $ 6,362,500.00 $ 6.250% 6.250% 6.250% 34 PERIOD TOTAL $ 1,545,312.50 16,745,312.50 1,070,312.50 17,220,312.50 565,625.00 18,665,625.00 $ 55,812,500.00 FISCAL TOTAL $ 18,290,625.00 18,290,625.00 19,231,250.00 $ 55,812,500.00 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $25,575,000 MARICOPA COUNTY, ARIZONA 1986 BOND ISSUE - SERIES D (1993) GENERAL OBLIGATION BOND REDEMPTION SCHEDULE DATE 1/1/2001 7/1/2001 1/1/2002 7/1/2002 1/1/2003 7/1/2003 1/1/2004 7/1/2004 PRINCIPAL 1,000,000.00 1,000,000.00 1,000,000.00 20,000,000.00 $ 23,000,000.00 RATE $ INTEREST 556,500.00 556,500.00 534,000.00 534,000.00 511,000.00 511,000.00 487,500.00 487,500.00 $ 4,178,000.00 $ 4.500% 4.600% 4.700% 4.875% 35 PERIOD TOTAL $ 556,500.00 1,556,500.00 534,000.00 1,534,000.00 511,000.00 1,511,000.00 487,500.00 20,487,500.00 $ 27,178,000.00 FISCAL TOTAL $ 2,113,000.00 2,068,000.00 2,022,000.00 20,975,000.00 $ 27,178,000.00 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $9,220,000 MARICOPA COUNTY, ARIZONA 1994 ISSUE REFUND (94-A TAX EXEMPT) GENERAL OBLIGATION BOND REDEMPTION SCHEDULE DATE 1/1/2001 7/1/2001 1/1/2002 7/1/2002 PRINCIPAL 1,500,000.00 335,000.00 $ 1,835,000.00 RATE $ INTEREST 46,960.00 46,960.00 8,710.00 8,710.00 $ 111,340.00 $ 5.100% 5.200% 36 PERIOD TOTAL $ 46,960.00 1,546,960.00 8,710.00 343,710.00 $ 1,946,340.00 FISCAL TOTAL $ 1,593,920.00 352,420.00 $ 1,946,340.00 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $17,320,000 MARICOPA COUNTY, ARIZONA 1995 ISSUE - REFUNDING GENERAL OBLIGATION BOND REDEMPTION SCHEDULE DATE 1/1/2001 7/1/2001 1/1/2002 7/1/2002 PRINCIPAL 3,015,000.00 670,000.00 $ 3,685,000.00 RATE $ INTEREST 85,090.00 85,090.00 15,745.00 15,745.00 $ 201,670.00 $ 4.600% 4.700% 37 PERIOD TOTAL $ 85,090.00 3,100,090.00 15,745.00 685,745.00 $ 3,886,670.00 FISCAL TOTAL $ 3,185,180.00 701,490.00 $ 3,886,670.00 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan MARICOPA COUNTY, ARIZONA CALCULATED TOTAL OF ALL STADIUM DISTRICT BOND REDEMPTION SCHEDULES DATE 1/1/2001 7/1/2001 1/1/2002 7/1/2002 1/1/2003 7/1/2003 1/1/2004 7/1/2004 1/1/2005 7/1/2005 1/1/2006 7/1/2006 1/1/2007 7/1/2007 1/1/2008 7/1/2008 1/1/2009 7/1/2009 1/1/2010 7/1/2010 1/1/2011 7/1/2011 1/1/2012 7/1/2012 1/1/2013 7/1/2013 1/1/2014 7/1/2014 1/1/2015 7/1/2015 1/1/2016 7/1/2016 PRINCIPAL 1,785,000.00 1,875,000.00 1,985,000.00 2,105,000.00 2,240,000.00 2,390,000.00 2,550,000.00 2,720,000.00 2,905,000.00 3,110,000.00 3,325,000.00 3,560,000.00 3,810,000.00 1,880,000.00 2,000,000.00 2,125,000.00 $ 40,365,000.00 $ INTEREST 1,286,077.50 1,286,077.50 1,235,341.25 1,235,341.25 1,180,552.50 1,180,552.50 1,121,150.00 1,121,150.00 1,055,647.50 1,055,647.50 985,018.75 985,018.75 908,796.25 908,796.25 826,408.75 826,408.75 738,053.75 738,053.75 640,188.75 640,188.75 535,193.75 535,193.75 422,661.25 422,661.25 302,058.75 302,058.75 172,643.75 172,643.75 118,593.75 118,593.75 61,093.75 61,093.75 $ 23,178,961.00 $ PERIOD TOTAL $ 1,286,077.50 3,071,077.50 1,235,341.25 3,110,341.25 1,180,552.50 3,165,552.50 1,121,150.00 3,226,150.00 1,055,647.50 3,295,647.50 985,018.75 3,375,018.75 908,796.25 3,458,796.25 826,408.75 3,546,408.75 738,053.75 3,643,053.75 640,188.75 3,750,188.75 535,193.75 3,860,193.75 422,661.25 3,982,661.25 302,058.75 4,112,058.75 172,643.75 2,052,643.75 118,593.75 2,118,593.75 61,093.75 2,186,093.75 $ 63,543,961.00 FISCAL TOTAL $ 4,357,155.00 4,345,682.50 4,346,105.00 4,347,300.00 4,351,295.00 4,360,037.50 4,367,592.50 4,372,817.50 4,381,107.50 4,390,377.50 4,395,387.50 4,405,322.50 4,414,117.50 2,225,287.50 2,237,187.50 2,247,187.50 $ 63,543,961.00 The principal and interest on the Second Subordinate Capital Appreciation Net Revenue Bonds ($6,669,259) and the IGA City of Mesa Municipal Development Corporation Revenue Bonds Series 1996B ($8,895,000) have been excluded from the above schedule as the timing of the repayments cannot be determined due to these bonds having variable interest rates and other factors affecting future payments. Included in the Stadium District revenue bonds are Stadium District debt with governmental commitment (IGA Peoria Sports Complex Series 1993A) which are obligations issued by other municipalities on behalf of the Stadium District. Under an Intergovernmental Agreement (IGA), the Stadium District has agreed to pay principal and interest due on the bonds from Stadium District revenue. 38 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $10,640,000 MARICOPA COUNTY, ARIZONA SERIES 1993A REVENUE BOND STADIUM DISTRICT BOND REDEMPTION SCHEDULE DATE 1/1/2001 7/1/2001 1/1/2002 7/1/2002 1/1/2003 7/1/2003 1/1/2004 7/1/2004 1/1/2005 7/1/2005 1/1/2006 7/1/2006 1/1/2007 7/1/2007 1/1/2008 7/1/2008 1/1/2009 7/1/2009 1/1/2010 7/1/2010 1/1/2011 7/1/2011 1/1/2012 7/1/2012 1/1/2013 7/1/2013 PRINCIPAL 70,000.00 75,000.00 80,000.00 790,000.00 830,000.00 875,000.00 920,000.00 975,000.00 1,025,000.00 1,080,000.00 1,140,000.00 1,205,000.00 1,270,000.00 $ 10,335,000.00 $ COUPON INTEREST 3.90%-5.50% $ 281,512.50 281,512.50 279,762.50 279,762.50 277,850.00 277,850.00 275,770.00 275,770.00 255,032.50 255,032.50 233,037.50 233,037.50 209,412.50 209,412.50 184,112.50 184,112.50 157,300.00 157,300.00 129,112.50 129,112.50 99,412.50 99,412.50 68,062.50 68,062.50 34,925.00 34,925.00 $ 4,970,605.00 39 PERIOD TOTAL $ 281,512.50 351,512.50 279,762.50 354,762.50 277,850.00 357,850.00 275,770.00 1,065,770.00 255,032.50 1,085,032.50 233,037.50 1,108,037.50 209,412.50 1,129,412.50 184,112.50 1,159,112.50 157,300.00 1,182,300.00 129,112.50 1,209,112.50 99,412.50 1,239,412.50 68,062.50 1,273,062.50 34,925.00 1,304,925.00 $ 15,305,605.00 FISCAL TOTAL $ 633,025.00 634,525.00 635,700.00 1,341,540.00 1,340,065.00 1,341,075.00 1,338,825.00 1,343,225.00 1,339,600.00 1,338,225.00 1,338,825.00 1,341,125.00 1,339,850.00 $ 15,305,605.00 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $4,870,000 MARICOPA COUNTY, ARIZONA SERIES 1993B REVENUE BOND STADIUM DISTRICT BOND REDEMPTION SCHEDULE DATE 1/1/2001 7/1/2001 1/1/2002 7/1/2002 1/1/2003 7/1/2003 PRINCIPAL 645,000.00 670,000.00 705,000.00 $ 2,020,000.00 $ COUPON 3.70%-4.75% INTEREST 47,323.75 47,323.75 32,488.75 32,488.75 16,743.75 16,743.75 $ 193,112.50 $ 40 PERIOD TOTAL $ 47,323.75 692,323.75 32,488.75 702,488.75 16,743.75 721,743.75 $ 2,213,112.50 FISCAL TOTAL $ 739,647.50 734,977.50 738,487.50 $ 2,213,112.50 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $9,110,000 MARICOPA COUNTY, ARIZONA SERIES 1996 REVENUE BOND STADIUM DISTRICT BOND REDEMPTION SCHEDULE DATE 1/1/2001 7/1/2001 1/1/2002 7/1/2002 1/1/2003 7/1/2003 1/1/2004 7/1/2004 1/1/2005 7/1/2005 1/1/2006 7/1/2006 1/1/2007 7/1/2007 1/1/2008 7/1/2008 1/1/2009 7/1/2009 1/1/2010 7/1/2010 1/1/2011 7/1/2011 1/1/2012 7/1/2012 1/1/2013 7/1/2013 1/1/2014 7/1/2014 1/1/2015 7/1/2015 1/1/2016 7/1/2016 PRINCIPAL 115,000.00 115,000.00 115,000.00 155,000.00 165,000.00 185,000.00 200,000.00 215,000.00 235,000.00 260,000.00 280,000.00 305,000.00 330,000.00 1,880,000.00 2,000,000.00 2,125,000.00 $ 8,680,000.00 COUPON $ INTEREST 244,213.75 244,213.75 241,338.75 241,338.75 238,463.75 238,463.75 235,588.75 235,588.75 231,713.75 231,713.75 227,588.75 227,588.75 222,871.25 222,871.25 217,621.25 217,621.25 211,923.75 211,923.75 205,578.75 205,578.75 198,428.75 198,428.75 190,588.75 190,588.75 182,048.75 182,048.75 172,643.75 172,643.75 118,593.75 118,593.75 61,093.75 61,093.75 $ 6,400,600.00 $ 5.000% 5.000% 5.000% 5.000% 5.000% 5.100% 5.250% 5.300% 5.400% 5.500% 5.600% 5.600% 5.700% 5.750% 5.750% 5.750% 41 PERIOD TOTAL $ 244,213.75 359,213.75 241,338.75 356,338.75 238,463.75 353,463.75 235,588.75 390,588.75 231,713.75 396,713.75 227,588.75 412,588.75 222,871.25 422,871.25 217,621.25 432,621.25 211,923.75 446,923.75 205,578.75 465,578.75 198,428.75 478,428.75 190,588.75 495,588.75 182,048.75 512,048.75 172,643.75 2,052,643.75 118,593.75 2,118,593.75 61,093.75 2,186,093.75 $ 15,080,600.00 FISCAL TOTAL $ 603,427.50 597,677.50 591,927.50 626,177.50 628,427.50 640,177.50 645,742.50 650,242.50 658,847.50 671,157.50 676,857.50 686,177.50 694,097.50 2,225,287.50 2,237,187.50 2,247,187.50 $ 15,080,600.00 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $24,160,000 MARICOPA COUNTY, ARIZONA IGA PEORIA MUNICIPAL SPORTS COMPLEX SERIES 1993A REVENUE BOND STADIUM DISTRICT BOND REDEMPTION SCHEDULE DATE 1/1/2001 7/1/2001 1/1/2002 7/1/2002 1/1/2003 7/1/2003 1/1/2004 7/1/2004 1/1/2005 7/1/2005 1/1/2006 7/1/2006 1/1/2007 7/1/2007 1/1/2008 7/1/2008 1/1/2009 7/1/2009 1/1/2010 7/1/2010 1/1/2011 7/1/2011 1/1/2012 7/1/2012 1/1/2013 7/1/2013 PRINCIPAL COUPON INTEREST 4.50%-7.70% $ 713,027.50 955,000.00 713,027.50 681,751.25 1,015,000.00 681,751.25 647,495.00 1,085,000.00 647,495.00 609,791.25 1,160,000.00 609,791.25 568,901.25 1,245,000.00 568,901.25 524,392.50 1,330,000.00 524,392.50 476,512.50 1,430,000.00 476,512.50 424,675.00 1,530,000.00 424,675.00 368,830.00 1,645,000.00 368,830.00 305,497.50 1,770,000.00 305,497.50 237,352.50 1,905,000.00 237,352.50 164,010.00 2,050,000.00 164,010.00 85,085.00 2,210,000.00 85,085.00 $ 19,330,000.00 $ 11,614,642.50 $ 42 PERIOD TOTAL $ 713,027.50 1,668,027.50 681,751.25 1,696,751.25 647,495.00 1,732,495.00 609,791.25 1,769,791.25 568,901.25 1,813,901.25 524,392.50 1,854,392.50 476,512.50 1,906,512.50 424,675.00 1,954,675.00 368,830.00 2,013,830.00 305,497.50 2,075,497.50 237,352.50 2,142,352.50 164,010.00 2,214,010.00 85,085.00 2,295,085.00 $ 30,944,642.50 FISCAL TOTAL $ 2,381,055.00 2,378,502.50 2,379,990.00 2,379,582.50 2,382,802.50 2,378,785.00 2,383,025.00 2,379,350.00 2,382,660.00 2,380,995.00 2,379,705.00 2,378,020.00 2,380,170.00 $ 30,944,642.50 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan MARICOPA COUNTY, ARIZONA CALCULATED TOTAL OF ALL SPECIAL ASSESSMENT BOND REDEMPTION SCHEDULES DATE 07/01/00 01/01/01 PRINCIPAL $ INTEREST 49,558.00 $ PERIOD TOTAL 24,713.38 24,369.07 $ 24,713.38 73,927.07 FISCAL TOTAL $ 98,640.45 07/01/01 15,125.57 22,138.96 37,264.53 01/01/02 43,661.35 21,770.27 65,431.62 07/01/02 15,125.57 19,805.51 34,931.08 01/01/03 12,209.98 19,436.83 31,646.81 66,577.89 07/01/03 01/01/04 15,125.57 39,760.78 18,887.38 18,518.69 34,012.95 58,279.47 92,292.42 07/01/04 15,125.57 16,729.46 31,855.03 01/01/05 60,543.53 16,360.77 76,904.30 07/01/05 15,125.57 13,636.31 28,761.88 01/01/06 07/01/06 70,177.49 15,125.57 13,267.63 10,109.64 83,445.12 25,235.21 112,207.00 01/01/07 64,561.12 9,740.95 74,302.07 99,537.28 07/01/07 15,125.57 6,835.70 21,961.27 01/01/08 31,590.85 6,467.02 38,057.87 07/01/08 15,125.57 5,045.43 20,171.00 01/01/09 07/01/09 30,190.50 15,125.57 4,676.74 3,318.17 34,867.24 18,443.74 55,038.24 2,949.49 2,949.49 21,393.23 2,949.49 18,075.06 01/01/10 - 07/01/10 15,125.57 01/01/11 - 102,696.15 108,759.33 60,019.14 2,580.80 2,580.80 07/01/11 15,125.57 2,580.80 17,706.37 01/01/12 07/01/12 15,125.57 2,212.11 2,212.11 2,212.11 17,337.68 19,918.48 1,843.43 1,843.43 19,181.11 1,843.43 16,969.00 01/01/13 - 07/01/13 15,125.57 01/01/14 - 20,655.86 1,474.74 1,474.74 18,443.74 07/01/14 01/01/15 15,125.57 - 1,474.74 1,106.06 16,600.31 1,106.06 17,706.37 07/01/15 15,125.57 1,106.06 16,231.63 01/01/16 - 07/01/16 15,125.57 01/01/17 - 07/01/17 01/01/18 $ 15,125.57 659,388.29 $ 737.37 737.37 737.37 15,862.94 368.69 368.69 368.69 0.00 302,373.31 15,494.26 0.00 961,761.60 43 $ 16,969.00 16,231.63 $ 15,494.26 961,761.60 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $48,813 MARICOPA COUNTY, ARIZONA Boulder K-83 BOND REDEMPTION SCHEDULE 9.00% DATE 07/01/00 PRINCIPAL $ 01/01/01 INTEREST - $ 2,035.52 $ 3,264.39 5,299.91 $ 238.50 07/01/01 01/01/02 PERIOD TOTAL 238.50 $ 238.50 2,274.02 146.90 146.90 146.90 770.79 3,411.29 6,070.70 44 FISCAL TOTAL $ $ 2,512.51 $ 3,558.19 6,070.70 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $73,587 MARICOPA COUNTY, ARIZONA 158TH Street K-89 BOND REDEMPTION SCHEDULE 9.00% DATE 07/01/00 PRINCIPAL $ 01/01/01 INTEREST - $ 3,225.13 $ 600.00 3,825.13 $ 172.13 07/01/01 01/01/02 PERIOD TOTAL 172.13 $ 172.13 3,397.26 27.00 27.00 27.00 398.26 627.00 4,223.39 45 FISCAL TOTAL $ $ 3,569.39 $ 654.00 4,223.39 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $274,888 MARICOPA COUNTY, ARIZONA Grandview Manor K-90 BOND REDEMPTION SCHEDULE 9.00% DATE 07/01/00 PRINCIPAL $ INTEREST - $ 1,984.46 PERIOD TOTAL $ 1,984.46 FISCAL TOTAL $ - 01/01/01 07/01/01 1,984.46 1,984.46 1,984.46 1,984.46 3,968.91 01/01/02 1,984.46 1,984.46 3,968.91 07/01/02 1,984.46 1,984.46 1,984.46 3,059.98 1,936.06 1,936.06 15,534.70 1,936.06 17,470.76 27,488.81 44,099.03 1,237.00 1,237.00 18,252.85 1,237.00 28,725.81 62,351.88 01/01/03 1,075.52 07/01/03 01/01/04 07/01/04 01/01/05 $ $ 46 $ 5,044.43 19,406.82 $ 29,962.80 62,351.88 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $301,960 MARICOPA COUNTY, ARIZONA Queen Creek Water K-91 BOND REDEMPTION SCHEDULE 4.875% DATE 07/01/00 01/01/01 07/01/01 01/01/02 07/01/02 01/01/03 07/01/03 01/01/04 07/01/04 01/01/05 07/01/05 01/01/06 07/01/06 01/01/07 07/01/07 01/01/08 07/01/08 01/01/09 07/01/09 01/01/10 07/01/10 01/01/11 07/01/11 01/01/12 07/01/12 01/01/13 07/01/13 01/01/14 07/01/14 01/01/15 07/01/15 01/01/16 07/01/16 01/01/17 07/01/17 01/01/18 PRINCIPAL $ INTEREST - $ 15,125.57 15,125.57 15,125.57 15,125.57 15,125.57 15,125.57 15,125.57 15,125.57 15,125.57 15,125.57 15,125.57 15,125.57 15,125.57 15,125.57 15,125.57 15,125.57 15,125.57 $ 257,134.69 $ PERIOD TOTAL 6,611.97 $ 6,611.97 6,267.66 6,267.66 6,267.66 21,393.23 5,898.97 5,898.97 5,898.97 21,024.54 5,530.29 5,530.29 5,530.29 20,655.86 5,161.60 5,161.60 5,161.60 20,287.17 4,792.91 4,792.91 4,792.91 19,918.48 4,424.23 4,424.23 4,424.23 19,549.80 4,055.54 4,055.54 4,055.54 19,181.11 3,686.86 3,686.86 3,686.86 18,812.43 3,318.17 3,318.17 3,318.17 18,443.74 2,949.49 2,949.49 2,949.49 18,075.06 2,580.80 2,580.80 2,580.80 17,706.37 2,212.11 2,212.11 2,212.11 17,337.68 1,843.43 1,843.43 1,843.43 16,969.00 1,474.74 1,474.74 1,474.74 16,600.31 1,106.06 1,106.06 1,106.06 16,231.63 737.37 737.37 737.37 15,862.94 368.69 368.69 368.69 15,494.26 119,429.81 47 $ 376,564.50 FISCAL TOTAL $ 12,879.63 27,292.20 26,554.83 25,817.46 25,080.09 24,342.71 23,605.34 22,867.97 22,130.60 21,393.23 20,655.86 19,918.48 19,181.11 18,443.74 17,706.37 16,969.00 16,231.63 $ 15,494.26 376,564.50 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $59,379 MARICOPA COUNTY, ARIZONA Fairview Lane K-92 BOND REDEMPTION SCHEDULE 9.00% DATE 07/01/00 PRINCIPAL $ INTEREST - $ PERIOD TOTAL 606.89 $ 606.89 FISCAL TOTAL $ - 01/01/01 1,591.76 606.89 2,198.65 2,805.55 07/01/01 01/01/02 2,953.14 535.26 535.26 535.26 3,488.40 4,023.67 402.37 402.37 402.37 2,501.19 307.93 307.93 307.93 996.38 276.94 276.94 216.46 276.94 493.40 5,937.87 13,486.50 267.20 267.20 4,793.20 267.20 6,205.07 18,279.70 07/01/02 01/01/03 2,098.82 07/01/03 01/01/04 688.45 07/01/04 01/01/05 07/01/05 01/01/06 $ $ 48 $ 2,903.56 1,304.30 770.35 $ 6,472.28 18,279.70 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $60,657 MARICOPA COUNTY, ARIZONA East Fairview Lane K-93 BOND REDEMPTION SCHEDULE 9.00% DATE 07/01/00 PRINCIPAL $ 01/01/01 INTEREST - $ 2,791.11 PERIOD TOTAL 1,151.06 $ 1,151.06 1,151.06 3,942.17 07/01/01 1,025.46 1,025.46 01/01/02 1,025.46 1,025.46 07/01/02 1,025.46 1,025.46 1,025.46 4,869.05 852.49 852.49 852.49 4,160.87 703.62 703.62 703.62 4,208.17 545.91 545.91 545.91 6,611.60 272.96 272.96 01/01/03 3,843.59 07/01/03 01/01/04 3,308.38 07/01/04 01/01/05 3,504.55 07/01/05 01/01/06 6,065.69 07/01/06 01/01/07 6,065.70 $ 25,579.02 272.96 $ 11,153.90 49 FISCAL TOTAL $ 2,050.91 5,894.50 5,013.37 4,911.78 7,157.52 6,338.66 $ 36,732.92 5,093.22 6,611.61 $ 36,732.92 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $185,810 MARICOPA COUNTY, ARIZONA White Fence Farms K-94 BOND REDEMPTION SCHEDULE 9.00% DATE 07/01/00 PRINCIPAL $ 01/01/01 INTEREST - $ - 07/01/01 01/01/02 5,331.78 07/01/02 01/01/03 3,591.33 07/01/03 01/01/04 11,905.64 07/01/04 01/01/05 460.38 07/01/05 01/01/06 18,580.95 07/01/06 01/01/07 $ 18,580.95 58,451.03 $ PERIOD TOTAL 2,630.30 $ 2,630.30 2,630.30 2,630.30 2,630.30 2,630.30 2,630.30 7,962.08 2,390.37 2,390.37 2,390.37 5,981.70 2,228.76 2,228.76 2,228.76 14,134.40 1,693.00 1,693.00 1,693.00 2,153.38 1,672.29 1,672.29 1,672.29 20,253.24 836.14 836.14 836.14 28,162.29 50 $ 19,417.09 86,613.32 FISCAL TOTAL $ 5,260.59 10,592.37 8,372.06 16,363.15 3,846.39 21,925.52 $ 20,253.24 86,613.32 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $83,236 MARICOPA COUNTY, ARIZONA 104 th Place/University Drive K-95P BOND REDEMPTION SCHEDULE 9.00% DATE 07/01/00 01/01/01 07/01/01 01/01/02 07/01/02 01/01/03 07/01/03 01/01/04 07/01/04 01/01/05 07/01/05 01/01/06 07/01/06 01/01/07 PRINCIPAL $ INTEREST - $ 8,323.61 640.30 1,600.72 8,323.61 3,841.66 8,323.60 8,323.60 $ 39,377.10 PERIOD TOTAL 1,771.97 $ 1,771.97 10,095.58 1,397.41 1,397.41 1,397.41 2,037.71 1,368.59 1,368.59 1,368.59 2,969.31 1,296.56 1,296.56 1,296.56 9,620.17 922.00 922.00 922.00 4,763.66 749.12 749.12 749.12 9,072.72 374.56 374.56 374.56 $ 1,771.97 15,760.43 51 FISCAL TOTAL $ 3,435.11 4,337.91 10,916.73 5,685.66 9,821.85 8,698.16 $ 55,137.53 11,867.55 9,072.72 $ 55,137.53 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $301,905 MARICOPA COUNTY, ARIZONA Central Avenue K-96 BOND REDEMPTION SCHEDULE 9.00% DATE 07/01/00 01/01/01 07/01/01 01/01/02 07/01/02 01/01/03 07/01/03 01/01/04 07/01/04 01/01/05 07/01/05 01/01/06 07/01/06 01/01/07 07/01/07 01/01/08 07/01/08 01/01/09 PRINCIPAL $ INTEREST - $ 30,190.51 23,631.31 29,869.02 30,190.51 30,190.51 30,190.50 204,452.87 PERIOD TOTAL $ 9,200.38 30,190.51 $ 9,200.38 7,841.81 7,841.81 7,841.81 38,032.32 6,483.23 6,483.23 6,483.23 6,483.23 6,483.23 6,483.23 6,483.23 6,483.23 6,483.23 6,483.23 6,483.23 30,114.54 5,419.82 5,419.82 5,419.82 35,288.84 4,075.72 4,075.72 4,075.72 34,266.23 2,717.15 2,717.15 2,717.15 32,907.66 1,358.57 1,358.57 100,126.29 52 FISCAL TOTAL $ 39,390.89 1,358.57 $ 9,200.38 45,874.12 12,966.47 12,966.47 36,597.78 40,708.67 38,341.95 35,624.80 31,549.07 $ 304,579.16 48,591.27 32,907.65 $ 304,579.16 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $14,004 MARICOPA COUNTY, ARIZONA Billings Street K-98 BOND REDEMPTION SCHEDULE 9.00% DATE 07/01/00 PRINCIPAL $ 01/01/01 INTEREST - $ 1,400.36 07/01/01 01/01/02 681.23 07/01/02 01/01/03 - 07/01/03 01/01/04 - 07/01/04 01/01/05 1,400.36 07/01/05 01/01/06 1,400.36 07/01/06 01/01/07 1,400.36 07/01/07 01/01/08 1,400.34 $ 7,683.01 PERIOD TOTAL 345.74 $ 345.74 1,746.10 282.72 282.72 282.72 963.95 252.06 252.06 252.06 252.06 252.06 252.06 252.06 252.06 252.06 252.06 252.06 1,652.42 189.05 189.05 189.05 1,589.41 126.03 126.03 126.03 1,526.39 63.02 63.02 63.02 $ 345.74 3,525.48 53 FISCAL TOTAL $ 1,246.67 504.13 504.13 1,904.49 1,778.46 1,652.42 1,463.36 $ 11,208.49 2,091.83 1,526.37 $ 11,208.49 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan MARICOPA COUNTY, ARIZONA CALCULATED TOTAL OF ALL FEDERAL FINANCING BANK NOTES REDEMPTION SCHEDULES DATE 11/1/2000 11/1/2001 11/1/2002 11/1/2003 11/1/2004 11/1/2005 11/1/2006 11/1/2007 11/1/2008 11/1/2009 11/1/2010 11/1/2011 11/1/2012 PRINCIPAL 115,484.04 106,577.64 113,611.76 121,110.14 128,828.52 137,606.09 146,688.09 156,369.50 166,517.98 177,680.08 189,406.96 201,907.82 215,194.86 $ 1,976,983.48 $ INTEREST 130,838.37 122,858.96 115,824.84 106,326.46 100,608.08 91,830.51 82,748.51 73,067.10 62,918.62 51,756.52 40,029.64 27,528.78 14,241.74 $ 1,020,578.13 $ 54 PERIOD TOTAL $ 246,322.41 229,436.60 229,436.60 227,436.60 229,436.60 229,436.60 229,436.60 229,436.60 229,436.60 229,436.60 229,436.60 229,436.60 229,436.60 $ 2,997,561.61 FISCAL TOTAL $ 246,322.41 229,436.60 229,436.60 227,436.60 229,436.60 229,436.60 229,436.60 229,436.60 229,436.60 229,436.60 229,436.60 229,436.60 229,436.60 $ 2,997,561.61 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $180,839 MARICOPA COUNTY, ARIZONA AZ 9-5 FEDERAL FINANCING BANK NOTES REDEMPTION SCHEDULE DATE 11/1/2000 $ $ PRINCIPAL 15,837.68 15,837.68 COUPON 6.60% $ $ INTEREST 1,048.13 1,048.13 55 PERIOD TOTAL $ 16,885.81 $ 16,885.81 FISCAL TOTAL $ 16,885.81 $ 16,885.81 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $3,112,494 MARICOPA COUNTY, ARIZONA AZ 9-9 FEDERAL FINANCING BANK NOTES REDEMPTION SCHEDULE DATE 11/1/2000 11/1/2001 11/1/2002 11/1/2003 11/1/2004 11/1/2005 11/1/2006 11/1/2007 11/1/2008 11/1/2009 11/1/2010 11/1/2011 11/1/2012 PRINCIPAL 99,646.36 106,577.64 113,611.76 121,110.14 128,828.52 137,606.09 146,688.09 156,369.50 166,517.98 177,680.08 189,406.96 201,907.82 215,194.86 $ 1,961,145.80 $ COUPON 6.60% INTEREST 129,790.24 122,858.96 115,824.84 106,326.46 100,608.08 91,830.51 82,748.51 73,067.10 62,918.62 51,756.52 40,029.64 27,528.78 14,241.74 $ 1,019,530.00 $ 56 PERIOD TOTAL $ 229,436.60 229,436.60 229,436.60 227,436.60 229,436.60 229,436.60 229,436.60 229,436.60 229,436.60 229,436.60 229,436.60 229,436.60 229,436.60 $ 2,980,675.80 FISCAL TOTAL $ 229,436.60 229,436.60 229,436.60 227,436.60 229,436.60 229,436.60 229,436.60 229,436.60 229,436.60 229,436.60 229,436.60 229,436.60 229,436.60 $ 2,980,675.80 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan MARICOPA COUNTY, ARIZONA CALCULATED TOTAL OF ALL HOUSING DEPARTMENT DEBT REDEMPTION SCHEDULE DATE 11/1/2000 11/1/2001 11/1/2002 11/1/2003 11/1/2004 11/1/2005 PRINCIPAL 14,114.01 16,936.81 14,114.01 16,936.81 16,936.81 16,936.84 $ 95,975.29 $ INTEREST 3,445.59 2,843.98 2,242.37 1,640.76 984.46 328.15 $ 11,485.31 $ 57 PERIOD TOTAL $ 17,559.60 19,780.79 16,356.38 18,577.57 17,921.27 17,264.99 $ 107,460.60 FISCAL TOTAL $ 17,559.60 19,780.79 16,356.38 18,577.57 17,921.27 17,264.99 $ 107,460.60 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $369,787 MARICOPA COUNTY, ARIZONA AZ 9-6 HOUSING DEPARTMENT DEBT REDEMPTION SCHEDULE DATE 11/1/2000 11/1/2001 11/1/2002 11/1/2003 11/1/2004 11/1/2005 PRINCIPAL 14,114.01 16,936.81 14,114.01 16,936.81 16,936.81 16,936.84 $ 95,975.29 $ INTEREST 3,445.59 2,843.98 2,242.37 1,640.76 984.46 328.15 $ 11,485.31 $ 58 PERIOD TOTAL $ 17,559.60 19,780.79 16,356.38 18,577.57 17,921.27 17,264.99 $ 107,460.60 FISCAL TOTAL $ 17,559.60 19,780.79 16,356.38 18,577.57 17,921.27 17,264.99 $ 107,460.60 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan MARICOPA COUNTY, ARIZONA CALCULATED TOTAL OF ALL CERTIFICATES OF PARTICIPATION Date 12/1/2000 1/1/2001 6/1/2001 7/1/2001 12/1/2001 1/1/2002 6/1/2002 7/1/2002 12/1/2002 1/1/2003 6/1/2003 7/1/2003 12/1/2003 1/1/2004 6/1/2004 7/1/2004 12/1/2004 1/1/2005 6/1/2005 7/1/2005 12/1/2005 1/1/2006 6/1/2006 7/1/2006 12/1/2006 1/1/2007 6/1/2007 7/1/2007 12/1/2007 1/1/2008 6/1/2008 7/1/2008 12/1/2008 1/1/2009 6/1/2009 7/1/2009 12/1/2009 1/1/2010 6/1/2010 7/1/2010 12/1/2010 6/1/2011 Principal $ 3,734,409.09 294,000.00 3,822,137.61 439,000.00 4,055,381.60 464,000.00 4,204,254.11 491,000.00 248,650.10 519,000.00 263,684.78 550,000.00 279,405.87 582,000.00 300,864.92 616,000.00 213,117.69 653,000.00 226,224.42 692,000.00 240,250.34 $ 22,888,380.53 $ $ Interest 521,512.20 284,648.83 521,512.20 155,263.00 411,507.93 147,178.00 411,507.93 147,178.00 297,935.94 134,666.50 297,935.94 134,666.50 177,399.69 121,326.50 177,399.69 121,326.50 52,626.69 107,087.50 52,626.69 107,087.50 45,509.35 91,906.75 45,509.35 91,906.75 37,917.56 75,681.75 37,917.56 75,681.75 29,825.53 58,512.75 29,825.53 58,512.75 21,074.15 40,186.75 21,074.15 40,186.75 14,520.78 20,760.00 14,520.78 20,760.00 7,507.82 7,507.82 5,269,200.11 59 Period Total 521,512.20 284,648.83 4,255,921.29 449,263.00 411,507.93 147,178.00 4,233,645.54 586,178.00 297,935.94 134,666.50 4,353,317.54 598,666.50 177,399.69 121,326.50 4,381,653.80 612,326.50 52,626.69 107,087.50 301,276.79 626,087.50 45,509.35 91,906.75 309,194.13 641,906.75 37,917.56 75,681.75 317,323.43 657,681.75 29,825.53 58,512.75 330,690.45 674,512.75 21,074.15 40,186.75 234,191.84 693,186.75 14,520.78 20,760.00 240,745.20 712,760.00 7,507.82 247,758.16 $ 28,157,580.64 $ $ Fiscal Total - 5,511,345.32 5,378,509.47 5,384,586.48 5,292,706.49 1,087,078.48 1,088,516.98 1,088,604.49 1,093,541.48 988,639.49 988,785.98 255,265.98 $ 28,157,580.64 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $3,850,000 MARICOPA COUNTY, ARIZONA CERTIFICATE OF PARTICIPATION, SERIES 1993 Date 12/1/2000 6/1/2001 12/1/2001 6/1/2002 12/1/2002 6/1/2003 12/1/2003 6/1/2004 12/1/2004 6/1/2005 12/1/2005 6/1/2006 12/1/2006 6/1/2007 12/1/2007 6/1/2008 Principal $ $ 310,000.00 200,000.00 210,000.00 225,000.00 80,000.00 85,000.00 90,000.00 100,000.00 1,300,000.00 Coupon $ 4.800% 4.900% 5.000% 5.000% 5.250% 5.250% 5.250% 5.250% $ Interest 32,533.75 32,533.75 25,093.75 25,093.75 20,193.75 20,193.75 14,943.75 14,943.75 9,318.75 9,318.75 7,218.75 7,218.75 4,987.50 4,987.50 2,625.00 2,625.00 233,830.00 60 Period Total 32,533.75 342,533.75 25,093.75 225,093.75 20,193.75 230,193.75 14,943.75 239,943.75 9,318.75 89,318.75 7,218.75 92,218.75 4,987.50 94,987.50 2,625.00 102,625.00 $ 1,533,830.00 $ Fiscal Total 375,067.50 250,187.50 250,387.50 254,887.50 98,637.50 99,437.50 99,975.00 105,250.00 $ 1,533,830.00 $ Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $30,000,000 MARICOPA COUNTY, ARIZONA CERTIFICATE OF PARTICIPATION, SERIES 1994 Date 12/1/2000 6/1/2001 12/1/2001 6/1/2002 12/1/2002 6/1/2003 12/1/2003 6/1/2004 Principal 3,290,000.00 3,480,000.00 3,695,000.00 3,820,000.00 $ 14,285,000.00 Coupon $ $ 6.000% 6.000% 6.000% 6.000% $ Interest 428,550.00 428,550.00 329,850.00 329,850.00 225,300.00 225,300.00 114,450.00 114,450.00 2,196,300.00 61 Period Total 428,550.00 3,718,550.00 329,850.00 3,809,850.00 225,300.00 3,920,300.00 114,450.00 3,934,450.00 $ 16,481,300.00 $ Fiscal Total 4,147,100.00 4,139,700.00 4,145,600.00 4,048,900.00 $ 16,481,300.00 $ Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $2,500,000 MARICOPA COUNTY, ARIZONA CERTIFICATE OF PARTICIPATION, SERIES 1996 Date 12/1/2000 6/1/2001 12/1/2001 6/1/2002 12/1/2002 6/1/2003 12/1/2003 6/1/2004 12/1/2004 6/1/2005 12/1/2005 6/1/2006 12/1/2006 6/1/2007 12/1/2007 6/1/2008 12/1/2008 6/1/2009 12/1/2009 6/1/2010 12/1/2010 6/1/2011 Principal 134,409.09 142,137.61 150,381.60 159,254.11 168,650.10 178,684.78 189,405.87 200,864.92 213,117.69 226,224.42 240,250.34 $ 2,003,380.53 Coupon $ Interest 60,428.45 60,428.45 56,564.18 56,564.18 52,442.19 52,442.19 48,005.94 48,005.94 43,307.94 43,307.94 38,290.60 38,290.60 32,930.06 32,930.06 27,200.53 27,200.53 21,074.15 21,074.15 14,520.78 14,520.78 7,507.82 7,507.82 $ 804,545.28 $ 5.750% 5.800% 5.900% 5.900% 5.950% 6.000% 6.050% 6.100% 6.150% 6.200% 6.250% 62 Period Total $ 60,428.45 194,837.54 56,564.18 198,701.79 52,442.19 202,823.79 48,005.94 207,260.05 43,307.94 211,958.04 38,290.60 216,975.38 32,930.06 222,335.93 27,200.53 228,065.45 21,074.15 234,191.84 14,520.78 240,745.20 7,507.82 247,758.16 $ 2,807,925.81 $ Fiscal Total 255,265.99 255,265.97 255,265.98 255,265.99 255,265.98 255,265.98 255,265.99 255,265.98 255,265.99 255,265.98 255,265.98 $ 2,807,925.81 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $5,300,000 MARICOPA COUNTY, ARIZONA CERTIFICATE OF PARTICIPATION, SERIES 2000 Date 1/1/2001 7/1/2001 1/1/2002 7/1/2002 1/1/2003 7/1/2003 1/1/2004 7/1/2004 1/1/2005 7/1/2005 1/1/2006 7/1/2006 1/1/2007 7/1/2007 1/1/2008 7/1/2008 1/1/2009 7/1/2009 1/1/2010 7/1/2010 Principal $ $ 294,000.00 439,000.00 464,000.00 491,000.00 519,000.00 550,000.00 582,000.00 616,000.00 653,000.00 692,000.00 5,300,000.00 Coupon $ 5.500% 5.700% 5.750% 5.800% 5.850% 5.900% 5.900% 5.950% 5.950% 6.000% $ 63 Interest 284,648.83 155,263.00 147,178.00 147,178.00 134,666.50 134,666.50 121,326.50 121,326.50 107,087.50 107,087.50 91,906.75 91,906.75 75,681.75 75,681.75 58,512.75 58,512.75 40,186.75 40,186.75 20,760.00 20,760.00 2,034,524.83 Period Total 284,648.83 449,263.00 147,178.00 586,178.00 134,666.50 598,666.50 121,326.50 612,326.50 107,087.50 626,087.50 91,906.75 641,906.75 75,681.75 657,681.75 58,512.75 674,512.75 40,186.75 693,186.75 20,760.00 712,760.00 $ 7,334,524.83 $ $ Fiscal Total 733,911.83 733,356.00 733,333.00 733,653.00 733,175.00 733,813.50 733,363.50 733,025.50 733,373.50 $ 733,520.00 7,334,524.83 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan MARICOPA COUNTY, ARIZONA CALCULATED TOTAL OF ALL CAPITAL LEASES Principal and Interest GENERAL FUND DEPARTMENTS Department: Purpose: FY 00-01 FY 01-02 FY 02-03 FY 03-04 FY 04-05 FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-10 TOTAL Elections Optical Scan Counter Medical Examiner Superior Court Superior Court Spectrophotometer Computer System Computer System 959,627.52 $ 959,627.52 2,762.16 2,762.16 1,611.26 $ 7,135.58 64 243,134.88 121,567.42 $ 364,702.30 120,186.24 120,186.24 60,093.12 $ 300,465.60 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan MARICOPA COUNTY, ARIZONA CALCULATED TOTAL OF ALL CAPITAL LEASES Principal and Interest GENERAL FUND DEPARTMENTS, CONTD. Department: Purpose: FY 00-01 FY 01-02 FY 02-03 FY 03-04 FY 04-05 FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-10 TOTAL General Government SmartZone $ Sheriff Sheriff Helicopter Phone System 1,427,287.80 1,427,287.80 1,427,288.28 1,427,290.68 1,427,290.20 1,308,342.20 304,678.44 304,678.44 304,679.64 304,681.32 304,680.12 202,680.66 8,444,786.96 $ 1,726,078.62 $ Sheriff Helicopter Sheriff Assessor Computers Computer System 65,996.04 65,996.04 65,996.04 43,997.60 255,149.16 255,149.16 255,149.16 255,150.36 255,152.04 255,150.84 255,149.16 255,149.16 170,092.20 464,192.63 212,143.80 194,465.15 241,985.72 $ 2,211,291.24 $ 870,801.58 65 162,270.72 162,270.72 54,090.20 $ 378,631.64 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan MARICOPA COUNTY, ARIZONA CALCULATED TOTAL OF ALL CAPITAL LEASES Principal and Interest GENERAL FUND DEPARTMENTS, CONTD. Department: Purpose: FY 00-01 FY 01-02 FY 02-03 FY 03-04 FY 04-05 FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-10 TOTAL Medical Examiner Medical Equipment $ Admin Technology Center Superior Court Computer Equipment Computer Equipment 23,344.46 23,344.49 23,344.49 23,344.46 5,836.11 214,570.95 179,779.80 74,908.25 99,214.01 $ 469,259.00 66 Facilities Management Energy Retrofit 73,707.53 73,707.56 55,280.65 $ 202,695.74 $ 492,486.96 492,486.96 492,486.96 492,486.96 492,486.96 492,486.96 492,486.96 492,486.95 492,486.96 492,486.95 4,924,869.58 $ Total General Fund 4,809,395.49 3,441,360.59 3,009,393.20 2,546,951.38 2,485,445.43 2,258,660.66 747,636.12 747,636.11 662,579.16 492,486.95 21,201,545.09 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan MARICOPA COUNTY, ARIZONA CALCULATED TOTAL OF ALL CAPITAL LEASES Principal and Interest SPECIAL REVENUE FUNDS CS966029 Lease ID: Department: C70970135 Total Special Telecommunications Public Health Revenue Data Communications Equip. Modular Buildings Funds 13,853.83 57,631.44 71,485.27 Purpose: FY 00-01 FY 01-02 TOTAL 62,434.30 $ 13,853.83 $ 67 120,065.74 $ 62,434.30 133,919.57 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan MARICOPA COUNTY, ARIZONA CALCULATED TOTAL OF ALL CAPITAL LEASES Principal and Interest PROPRIETARY FUNDS CS956057 Maricopa Med. Ctr. Beds Lease ID: Department: Purpose: FY 00-01 FY 01-02 TOTAL $ 399,071.52 232,791.22 631,862.74 CS966028 MMC - Radiology Total Mammogram Proprietary Funds 1,206.56 $ 68 1,206.56 $ 400,278.08 232,791.22 633,069.30 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: Elections 210 C219700140 Optical Scan Counter LOAN DATA PERIODIC PAYMENT Loan amount: $4,212,000.00 Annual interest rate: 5.2500% Term in years: 5 Payments per year: 12 First payment due: 8/1/1996 AMORTIZATION SCHEDULE Payment No. Date 49 7/1/2000 50 8/1/2000 51 9/1/2000 52 10/1/2000 53 11/1/2000 54 12/1/2000 55 1/1/2001 56 2/1/2001 57 3/1/2001 58 4/1/2001 59 5/1/2001 60 6/1/2001 Outstanding as of June 30, 2000 Principal Total Interest Payment Total Debt Service Payable Calculated payment: $79,968.96 Fiscal Year Ended 6/30 Beginning Balance 932,886.49 856,998.91 780,779.32 704,226.27 627,338.30 550,113.95 472,551.74 394,650.19 316,407.82 237,823.14 158,894.66 79,620.86 Interest 4,081.38 3,749.37 3,415.91 3,080.99 2,744.61 2,406.75 2,067.41 1,726.59 1,384.28 1,040.48 695.16 348.10 26,741.03 Principal 75,887.58 76,219.59 76,553.05 76,887.97 77,224.35 77,562.21 77,901.55 78,242.37 78,584.68 78,928.48 79,273.80 79,620.86 932,886.49 Ending Balance 856,998.91 780,779.32 704,226.27 627,338.30 550,113.95 472,551.74 394,650.19 316,407.82 237,823.14 158,894.66 79,620.86 0.00 Cumulative Interest 563,477.95 567,227.32 570,643.23 573,724.22 576,468.83 578,875.58 580,942.99 582,669.58 584,053.86 585,094.34 585,789.50 586,137.60 Principal 932,886.49 Interest 26,741.03 Total 959,627.52 932,886.49 26,741.03 959,627.52 69 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: Medical Examiner 290 None Spectrophotometer LOAN DATA Loan amount: Annual interest rate: Term in years: Payments per year: First payment due: $9,649.90 6.79900% 4 12 2/28/1999 AMORTIZATION SCHEDULE Payment Beginning No. Date Balance 18 7/28/2000 6,527.14 19 8/28/2000 6,333.94 20 9/28/2000 6,139.65 21 10/28/2000 5,944.26 22 11/28/2000 5,747.76 23 12/28/2000 5,550.15 24 1/28/2001 5,351.42 25 2/28/2001 5,151.56 26 3/28/2001 4,950.57 27 4/28/2001 4,748.44 28 5/28/2001 4,545.16 29 6/28/2001 4,340.73 30 7/28/2001 4,135.14 31 8/28/2001 3,928.39 32 9/28/2001 3,720.47 33 10/28/2001 3,511.37 34 11/28/2001 3,301.08 35 12/28/2001 3,089.60 36 1/28/2002 2,876.93 37 2/28/2002 2,663.05 38 3/28/2002 2,447.96 39 4/28/2002 2,231.65 40 5/28/2002 2,014.11 41 6/28/2002 1,795.34 42 7/28/2002 1,575.33 43 8/28/2002 1,354.08 44 9/28/2002 1,131.57 45 10/28/2002 907.80 46 11/28/2002 682.76 47 12/28/2002 456.45 48 1/28/2003 228.86 Outstanding as of June 30, 2000 Principal Total Interest Payment Total Debt Service Payable PERIODIC PAYMENT Calculated payment: Interest Principal 36.98 193.20 35.89 194.29 34.79 195.39 33.68 196.50 32.57 197.61 31.45 198.73 30.32 199.86 29.19 200.99 28.05 202.13 26.90 203.28 25.75 204.43 24.59 205.59 23.43 206.75 22.26 207.92 21.08 209.10 19.89 210.29 18.70 211.48 17.51 212.67 16.30 213.88 15.09 215.09 13.87 216.31 12.64 217.54 11.41 218.77 10.17 220.01 8.93 221.25 7.67 222.51 6.41 223.77 5.14 225.04 3.87 226.31 2.59 227.59 1.30 228.88 608.42 6,527.16 Ending Balance 6,333.94 6,139.65 5,944.26 5,747.76 5,550.15 5,351.42 5,151.56 4,950.57 4,748.44 4,545.16 4,340.73 4,135.14 3,928.39 3,720.47 3,511.37 3,301.08 3,089.60 2,876.93 2,663.05 2,447.96 2,231.65 2,014.11 1,795.34 1,575.33 1,354.08 1,131.57 907.80 682.76 456.45 228.86 -0.02 $230.18 Fiscal Year Ended 6/30 Cumulative Interest Principal Interest Total 827.28 863.17 897.96 931.64 964.21 995.66 1,025.98 1,055.17 1,083.22 1,110.12 1,135.87 1,160.46 2,392.00 370.16 2,762.16 1,183.89 1,206.15 1,227.23 1,247.12 1,265.82 1,283.33 1,299.63 1,314.72 1,328.59 1,341.23 1,352.64 1,362.81 2,559.81 202.35 2,762.16 1,371.74 1,379.41 1,385.82 1,390.96 1,394.83 1,397.42 1,398.72 1,575.35 35.91 1,611.26 6,527.16 608.42 7,135.58 70 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: Superior Court 380 KR96-2740 Computer System LOAN DATA Loan amount: Annual interest rate: Term in years: Payments per year: First payment due: PERIODIC PAYMENT Calculated payment: $1,064,094.16 5.3690% 5 12 1/20/1997 AMORTIZATION SCHEDULE Payment No. Date 43 7/20/2000 44 8/20/2000 45 9/20/2000 46 10/20/2000 47 11/20/2000 48 12/20/2000 49 1/20/2001 50 2/20/2001 51 3/20/2001 52 4/20/2001 53 5/20/2001 54 6/20/2001 55 7/20/2001 56 8/20/2001 57 9/20/2001 58 10/20/2001 59 11/20/2001 60 12/20/2001 Outstanding as of June 30, 2000 Principal Total Interest Payment Total Debt Service Payable $20,263.61 Fiscal Year Ended 6/30 Beginning Balance 349,652.87 330,956.09 312,175.66 293,311.20 274,362.33 255,328.68 236,209.87 217,005.51 197,715.22 178,338.62 158,875.33 139,324.95 119,687.10 99,961.38 80,147.40 60,244.77 40,253.09 20,171.96 Interest 1,564.46 1,480.81 1,396.78 1,312.37 1,227.59 1,142.43 1,056.88 970.95 884.64 797.95 710.86 623.39 535.52 447.26 358.61 269.56 180.11 90.26 15,050.43 Principal 18,696.78 18,780.43 18,864.46 18,948.87 19,033.65 19,118.81 19,204.36 19,290.29 19,376.60 19,463.29 19,550.38 19,637.85 19,725.72 19,813.98 19,902.63 19,991.68 20,081.13 20,170.96 349,651.87 Ending Balance 330,956.09 312,175.66 293,311.20 274,362.33 255,328.68 236,209.87 217,005.51 197,715.22 178,338.62 158,875.33 139,324.95 119,687.10 99,961.38 80,147.40 60,244.77 40,253.09 20,171.96 1.00 Cumulative Interest 138,095.25 139,576.06 140,972.84 142,285.21 143,512.80 144,655.23 145,712.11 146,683.06 147,567.70 148,365.65 149,076.51 149,699.90 150,235.42 150,682.68 151,041.29 151,310.85 151,490.96 151,581.22 Principal Interest Total 229,965.77 13,169.11 243,134.88 119,686.10 1,881.32 121,567.42 349,651.87 15,050.43 364,702.30 71 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: Superior Court 380 KR99-0026 Computer System LOAN DATA Loan amount: Annual interest rate: Term in years: Payments per year: First payment due: $440,150.00 4.58400% 4 12 1/15/1999 AMORTIZATION SCHEDULE Payment No. Date 19 7/15/2000 20 8/15/2000 21 9/15/2000 22 10/15/2000 23 11/15/2000 24 12/15/2000 25 1/15/2001 26 2/15/2001 27 3/15/2001 28 4/15/2001 29 5/15/2001 30 6/15/2001 31 7/15/2001 32 8/15/2001 33 9/15/2001 34 10/15/2001 35 11/15/2001 36 12/15/2001 37 1/15/2002 38 2/15/2002 39 3/15/2002 40 4/15/2002 41 5/15/2002 42 6/15/2002 43 7/15/2002 44 8/15/2002 45 9/15/2002 46 10/15/2002 47 11/15/2002 48 12/15/2002 Outstanding as of June 30, 2000 Principal Total Interest Payment Total Debt Service Payable PERIODIC PAYMENT Calculated payment: $10,015.52 Fiscal Year Ended 6/30 Beginning Balance 283,374.51 274,441.69 265,474.74 256,473.53 247,437.93 238,367.81 229,263.03 220,123.47 210,948.99 201,739.45 192,494.73 183,214.68 173,899.18 164,548.09 155,161.27 145,738.58 136,279.89 126,785.06 117,253.95 107,686.43 98,082.35 88,441.58 78,763.97 69,049.39 59,297.69 49,508.73 39,682.37 29,818.47 19,916.88 9,977.46 Interest Principal 1,082.70 8,932.82 1,048.57 8,966.95 1,014.31 9,001.21 979.92 9,035.60 945.40 9,070.12 910.74 9,104.78 875.96 9,139.56 841.04 9,174.48 805.98 9,209.54 770.80 9,244.72 735.47 9,280.05 700.02 9,315.50 664.43 9,351.09 628.70 9,386.82 592.83 9,422.69 556.83 9,458.69 520.69 9,494.83 484.41 9,531.11 448.00 9,567.52 411.44 9,604.08 374.75 9,640.77 337.91 9,677.61 300.94 9,714.58 263.82 9,751.70 226.56 9,788.96 189.16 9,826.36 151.62 9,863.90 113.93 9,901.59 76.10 9,939.42 38.12 9,977.40 17,091.15 283,374.45 Ending Balance 274,441.69 265,474.74 256,473.53 247,437.93 238,367.81 229,263.03 220,123.47 210,948.99 201,739.45 192,494.73 183,214.68 173,899.18 164,548.09 155,161.27 145,738.58 136,279.89 126,785.06 117,253.95 107,686.43 98,082.35 88,441.58 78,763.97 69,049.39 59,297.69 49,508.73 39,682.37 29,818.47 19,916.88 9,977.46 0.06 Cumulative Interest 24,586.57 25,635.14 26,649.45 27,629.37 28,574.77 29,485.51 30,361.47 31,202.51 32,008.49 32,779.29 33,514.76 34,214.78 34,879.21 35,507.91 36,100.74 36,657.57 37,178.26 37,662.67 38,110.67 38,522.11 38,896.86 39,234.77 39,535.71 39,799.53 40,026.09 40,215.25 40,366.87 40,480.80 40,556.90 40,595.02 Principal Interest Total 109,475.33 10,710.91 120,186.24 114,601.49 5,584.75 120,186.24 59,297.63 795.49 60,093.12 283,374.45 17,091.15 300,465.60 72 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: General Government 470 C76980061 SmartZone LOAN DATA PERIODIC PAYMENT Calculated payment: Loan amount: $9,490,996.00 Annual interest rate: 4.83700% Term in years: 8 Payments per year: 12 First payment due: 6/26/1998 AMORTIZATION SCHEDULE Payment No. Date 26 7/26/2000 27 8/26/2000 28 9/26/2000 29 10/26/2000 30 11/26/2000 31 12/26/2000 32 1/26/2001 33 2/26/2001 34 3/26/2001 35 4/26/2001 36 5/26/2001 37 6/26/2001 38 7/26/2001 39 8/26/2001 40 9/26/2001 41 10/26/2001 42 11/26/2001 43 12/26/2001 44 1/26/2002 45 2/26/2002 46 3/26/2002 47 4/26/2002 48 5/26/2002 49 6/26/2002 50 7/26/2002 51 8/26/2002 52 9/26/2002 53 10/26/2002 54 11/26/2002 55 12/26/2002 56 1/26/2003 57 2/26/2003 58 3/26/2003 59 4/26/2003 60 5/26/2003 61 6/26/2003 62 7/26/2003 63 8/26/2003 64 9/26/2003 65 10/26/2003 66 11/26/2003 67 12/26/2003 68 1/26/2004 69 2/26/2004 70 3/26/2004 71 4/26/2004 72 5/26/2004 73 6/26/2004 $118,940.65 Fiscal Year Ended 6/30 Beginning Balance 7,331,110.74 7,241,720.58 7,151,970.10 7,061,857.85 6,971,382.37 6,880,542.20 6,789,335.87 6,697,761.90 6,605,818.81 6,513,505.11 6,420,819.31 6,327,759.91 6,234,325.41 6,140,514.29 6,046,325.03 5,951,756.11 5,856,806.00 5,761,473.16 5,665,756.05 5,569,653.12 5,473,162.81 5,376,283.57 5,279,013.82 5,181,351.99 5,083,296.51 4,984,845.78 4,885,998.21 4,786,752.20 4,687,106.15 4,587,058.44 4,486,607.46 4,385,751.58 4,284,489.16 4,182,818.57 4,080,738.16 3,978,246.05 3,875,340.81 3,772,020.77 3,668,284.27 3,564,129.62 3,459,555.14 3,354,559.14 3,249,139.92 3,143,295.77 3,037,024.98 2,930,325.83 2,823,196.60 2,715,635.54 Interest 29,550.49 29,190.17 28,828.40 28,465.17 28,100.48 27,734.32 27,366.68 26,997.56 26,626.95 26,254.85 25,881.25 25,506.15 25,129.53 24,751.39 24,371.73 23,990.54 23,607.81 23,223.54 22,837.72 22,450.34 22,061.41 21,670.90 21,278.82 20,885.17 20,489.92 20,093.08 19,694.64 19,294.60 18,892.94 18,489.67 18,084.77 17,678.23 17,270.06 16,860.24 16,448.78 16,035.65 15,620.85 15,204.39 14,786.24 14,366.41 13,944.89 13,521.67 13,096.74 12,670.10 12,241.74 11,811.66 11,379.83 10,946.27 Principal 89,390.16 89,750.48 90,112.25 90,475.48 90,840.17 91,206.33 91,573.97 91,943.09 92,313.70 92,685.80 93,059.40 93,434.50 93,811.12 94,189.26 94,568.92 94,950.11 95,332.84 95,717.11 96,102.93 96,490.31 96,879.24 97,269.75 97,661.83 98,055.48 98,450.73 98,847.57 99,246.01 99,646.05 100,047.71 100,450.98 100,855.88 101,262.42 101,670.59 102,080.41 102,492.11 102,905.24 103,320.04 103,736.50 104,154.65 104,574.48 104,996.00 105,419.22 105,844.15 106,270.79 106,699.15 107,129.23 107,561.06 107,994.62 Ending Balance 7,241,720.58 7,151,970.10 7,061,857.85 6,971,382.37 6,880,542.20 6,789,335.87 6,697,761.90 6,605,818.81 6,513,505.11 6,420,819.31 6,327,759.91 6,234,325.41 6,140,514.29 6,046,325.03 5,951,756.11 5,856,806.00 5,761,473.16 5,665,756.05 5,569,653.12 5,473,162.81 5,376,283.57 5,279,013.82 5,181,351.99 5,083,296.51 4,984,845.78 4,885,998.21 4,786,752.20 4,687,106.15 4,587,058.44 4,486,607.46 4,385,751.58 4,284,489.16 4,182,818.57 4,080,738.16 3,978,246.05 3,875,340.81 3,772,020.77 3,668,284.27 3,564,129.62 3,459,555.14 3,354,559.14 3,249,139.92 3,143,295.77 3,037,024.98 2,930,325.83 2,823,196.60 2,715,635.54 2,607,640.92 73 Cumulative Interest 843,181.48 872,371.65 901,200.05 929,665.22 957,765.70 985,500.02 1,012,866.70 1,039,864.26 1,066,491.21 1,092,746.06 1,118,627.31 1,144,133.46 1,169,262.99 1,194,014.38 1,218,386.11 1,242,376.65 1,265,984.46 1,289,208.00 1,312,045.72 1,334,496.06 1,356,557.47 1,378,228.37 1,399,507.19 1,420,392.36 1,440,882.28 1,460,975.36 1,480,670.00 1,499,964.60 1,518,857.54 1,537,347.21 1,555,431.98 1,573,110.21 1,590,380.27 1,607,240.51 1,623,689.29 1,639,724.94 1,655,345.79 1,670,550.18 1,685,336.42 1,699,702.83 1,713,647.72 1,727,169.39 1,740,266.13 1,752,936.23 1,765,177.97 1,776,989.63 1,788,369.46 1,799,315.73 Principal Interest Total 1,096,785.33 330,502.47 1,427,287.80 1,151,028.90 276,258.90 1,427,287.80 1,207,955.70 219,332.58 1,427,288.28 1,267,699.89 159,590.79 1,427,290.68 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: General Government 470 C76980061 SmartZone LOAN DATA PERIODIC PAYMENT Calculated payment: Loan amount: $9,490,996.00 Annual interest rate: 4.83700% Term in years: 8 Payments per year: 12 First payment due: 6/26/1998 AMORTIZATION SCHEDULE Payment No. Date 74 7/26/2004 75 8/26/2004 76 9/26/2004 77 10/26/2004 78 11/26/2004 79 12/26/2004 80 1/26/2005 81 2/26/2005 82 3/26/2005 83 4/26/2005 84 5/26/2005 85 6/26/2005 86 7/26/2005 87 8/26/2005 88 9/26/2005 89 10/26/2005 90 11/26/2005 91 12/26/2005 92 1/26/2006 93 2/26/2006 94 3/26/2006 95 4/26/2006 96 5/26/2006 **CONTINUED $118,940.65 Fiscal Year Ended 6/30 Beginning Balance 2,607,640.92 2,499,211.00 2,390,344.01 2,281,038.20 2,171,291.79 2,061,103.02 1,950,470.09 1,839,391.22 1,727,864.61 1,615,888.45 1,503,460.94 1,390,580.49 1,277,245.04 1,163,452.75 1,049,201.78 934,490.29 819,316.41 703,678.29 587,574.05 471,001.81 353,959.69 236,445.79 118,458.21 Interest 10,510.97 10,073.90 9,635.08 9,194.48 8,752.12 8,307.96 7,862.02 7,414.28 6,964.73 6,513.38 6,060.20 5,605.20 5,148.36 4,689.68 4,229.16 3,766.77 3,302.53 2,836.41 2,368.41 1,898.53 1,426.75 953.07 477.49 1,113,676.22 Principal 108,429.92 108,866.99 109,305.81 109,746.41 110,188.77 110,632.93 111,078.87 111,526.61 111,976.16 112,427.51 112,880.45 113,335.45 113,792.29 114,250.97 114,711.49 115,173.88 115,638.12 116,104.24 116,572.24 117,042.12 117,513.90 117,987.58 118,458.21 7,331,110.74 Ending Balance 2,499,211.00 2,390,344.01 2,281,038.20 2,171,291.79 2,061,103.02 1,950,470.09 1,839,391.22 1,727,864.61 1,615,888.45 1,503,460.94 1,390,580.49 1,277,245.04 1,163,452.75 1,049,201.78 934,490.29 819,316.41 703,678.29 587,574.05 471,001.81 353,959.69 236,445.79 118,458.21 0.00 Cumulative Interest 1,809,826.70 1,819,900.60 1,829,535.68 1,838,730.16 1,847,482.28 1,855,790.24 1,863,652.26 1,871,066.54 1,878,031.27 1,884,544.65 1,890,604.85 1,896,210.05 1,901,358.41 1,906,048.09 1,910,277.25 1,914,044.02 1,917,346.55 1,920,182.96 1,922,551.37 1,924,449.90 1,925,876.65 1,926,829.72 1,927,307.21 Principal Interest Total 1,330,395.88 96,894.32 1,427,290.20 1,277,245.04 31,097.16 1,308,342.20 Outstanding as of June 30, 2000 Principal 7,331,110.74 Total Interest Payment 1,113,676.22 Total Debt Service Payable 8,444,786.96 74 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: Sheriff 500 C97081-E Helicopter LOAN DATA PERIODIC PAYMENT Loan amount: $2,022,699.00 Annual interest rate: 4.87740% Term in years: 8 Payments per year: 12 First payment due: 3/1/1998 AMORTIZATION SCHEDULE Payment No. Date 29 7/1/2000 30 8/1/2000 31 9/1/2000 32 10/1/2000 33 11/1/2000 34 12/1/2000 35 1/1/2001 36 2/1/2001 37 3/1/2001 38 4/1/2001 39 5/1/2001 40 6/1/2001 41 7/1/2001 42 8/1/2001 43 9/1/2001 44 10/1/2001 45 11/1/2001 46 12/1/2001 47 1/1/2002 48 2/1/2002 49 3/1/2002 50 4/1/2002 51 5/1/2002 52 6/1/2002 53 7/1/2002 54 8/1/2002 55 9/1/2002 56 10/1/2002 57 11/1/2002 58 12/1/2002 59 1/1/2003 60 2/1/2003 61 3/1/2003 62 4/1/2003 63 5/1/2003 64 6/1/2003 65 7/1/2003 66 8/1/2003 67 9/1/2003 68 10/1/2003 69 11/1/2003 70 12/1/2003 71 1/1/2004 72 2/1/2004 73 3/1/2004 74 4/1/2004 75 5/1/2004 76 6/1/2004 Calculated payment: $25,389.87 Fiscal Year Ended 6/30 Beginning Balance 1,505,474.34 1,486,203.47 1,466,854.27 1,447,426.43 1,427,919.62 1,408,333.53 1,388,667.83 1,368,922.20 1,349,096.31 1,329,189.84 1,309,202.46 1,289,133.84 1,268,983.65 1,248,751.56 1,228,437.24 1,208,040.35 1,187,560.56 1,166,997.53 1,146,350.92 1,125,620.39 1,104,805.60 1,083,906.21 1,062,921.88 1,041,852.26 1,020,697.00 999,455.75 978,128.17 956,713.90 935,212.59 913,623.89 891,947.44 870,182.89 848,329.64 826,387.57 804,356.31 782,235.51 760,024.80 737,723.81 715,332.18 692,849.54 670,275.52 647,609.74 624,851.84 602,001.44 579,058.16 556,021.63 532,891.47 509,667.30 Interest 6,119.00 6,040.67 5,962.03 5,883.06 5,803.78 5,724.17 5,644.24 5,563.98 5,483.40 5,402.49 5,321.25 5,239.68 5,157.78 5,075.55 4,992.98 4,910.08 4,826.84 4,743.26 4,659.34 4,575.08 4,490.48 4,405.54 4,320.25 4,234.61 4,148.62 4,062.29 3,975.60 3,888.56 3,801.17 3,713.42 3,625.32 3,536.86 3,448.04 3,358.85 3,269.31 3,179.40 3,089.12 2,998.48 2,907.47 2,816.09 2,724.33 2,632.21 2,539.71 2,446.83 2,353.58 2,259.95 2,165.94 2,071.54 Ending Balance 1,486,203.47 1,466,854.27 1,447,426.43 1,427,919.62 1,408,333.53 1,388,667.83 1,368,922.20 1,349,096.31 1,329,189.84 1,309,202.46 1,289,133.84 1,268,983.65 1,248,751.56 1,228,437.24 1,208,040.35 1,187,560.56 1,166,997.53 1,146,350.92 1,125,620.39 1,104,805.60 1,083,906.21 1,062,921.88 1,041,852.26 1,020,697.00 999,455.75 978,128.17 956,713.90 935,212.59 913,623.89 891,947.44 870,182.89 848,329.64 826,387.57 804,356.31 782,235.51 760,024.80 737,723.81 715,332.18 692,849.54 670,275.52 647,609.74 624,851.84 602,001.44 579,058.16 556,021.63 532,891.47 509,667.30 486,348.73 Principal 19,270.87 19,349.20 19,427.84 19,506.81 19,586.09 19,665.70 19,745.63 19,825.89 19,906.47 19,987.38 20,068.62 20,150.19 20,232.09 20,314.32 20,396.89 20,479.79 20,563.03 20,646.61 20,730.53 20,814.79 20,899.39 20,984.33 21,069.62 21,155.26 21,241.25 21,327.58 21,414.27 21,501.31 21,588.70 21,676.45 21,764.55 21,853.25 21,942.07 22,031.26 22,120.80 22,210.71 22,300.99 22,391.63 22,482.64 22,574.02 22,665.78 22,757.90 22,850.40 22,943.28 23,036.53 23,130.16 23,224.17 23,318.57 75 Cumulative Interest 199,810.70 205,851.37 211,813.40 217,696.46 223,500.24 229,224.41 234,868.65 240,432.63 245,916.03 251,318.52 256,639.77 261,879.45 267,037.23 272,112.78 277,105.76 282,015.84 286,842.68 291,585.94 296,245.28 300,820.36 305,310.84 309,716.38 314,036.63 318,271.24 322,419.86 326,482.15 330,457.75 334,346.31 338,147.48 341,860.90 345,486.22 349,023.08 352,471.12 355,829.97 359,099.28 362,278.68 365,367.80 368,366.28 371,273.75 374,089.84 376,814.17 379,446.38 381,986.09 384,432.92 386,786.50 389,046.45 391,212.39 393,283.93 Principal Interest Total 236,490.69 68,187.75 304,678.44 248,286.65 56,391.79 304,678.44 260,672.20 44,007.44 304,679.64 273,676.07 31,005.25 304,681.32 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: Sheriff 500 C97081-E Helicopter **CONTINUED LOAN DATA PERIODIC PAYMENT Loan amount: $2,022,699.00 Annual interest rate: 4.87740% Term in years: 8 Payments per year: 12 First payment due: 3/1/1998 AMORTIZATION SCHEDULE Payment No. Date 77 7/1/2004 78 8/1/2004 79 9/1/2004 80 10/1/2004 81 11/1/2004 82 12/1/2004 83 1/1/2005 84 2/1/2005 85 3/1/2005 86 4/1/2005 87 5/1/2005 88 6/1/2005 89 7/1/2005 90 8/1/2005 91 9/1/2005 92 10/1/2005 93 11/1/2005 94 12/1/2005 95 1/1/2006 95 2/1/2006 Calculated payment: $25,389.87 Fiscal Year Ended 6/30 Beginning Balance 486,348.73 462,935.38 439,426.87 415,822.81 392,122.81 368,326.48 344,433.43 320,443.27 296,355.84 272,170.51 247,886.88 223,504.55 199,023.11 174,442.17 149,761.32 124,980.15 100,098.26 75,115.24 50,030.68 24,844.16 Interest 1,976.76 1,881.60 1,786.05 1,690.11 1,593.78 1,497.06 1,399.95 1,302.44 1,204.54 1,106.24 1,007.54 908.43 808.93 709.02 608.70 507.98 406.85 305.31 203.35 100.98 220,597.85 Ending Balance 462,935.38 439,426.87 415,822.81 392,122.81 368,326.48 344,433.43 320,443.27 296,355.84 272,170.51 247,886.88 223,504.55 199,023.11 174,442.17 149,761.32 124,980.15 100,098.26 75,115.24 50,030.68 24,844.16 -6.43 Principal 23,413.35 23,508.51 23,604.06 23,700.00 23,796.33 23,893.05 23,990.16 24,087.43 24,185.33 24,283.63 24,382.33 24,481.44 24,580.94 24,680.85 24,781.17 24,881.89 24,983.02 25,084.56 25,186.52 24,850.59 1,505,480.77 Cumulative Interest 395,260.69 397,142.29 398,928.34 400,618.45 402,212.23 403,709.29 405,109.24 406,411.68 407,616.22 408,722.46 409,730.00 410,638.43 411,447.36 412,156.38 412,765.08 413,273.06 413,679.91 413,985.22 414,188.57 414,289.55 Principal Interest Total 287,325.62 17,354.50 304,680.12 199,029.54 3,651.12 202,680.66 Outstanding as of June 30, 2000 Principal 1,505,480.77 Total Interest Payment 220,597.85 Total Debt Service Payable 1,726,078.62 76 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: Sheriff's Office 500 C50990341 Phone System LOAN DATA Loan amount: Annual interest rate: Term in years: Payments per year: First payment due: PERIODIC PAYMENT Calculated payment: $294,091.61 4.79000% 5 12 4/19/1999 AMORTIZATION SCHEDULE Payment No. Date 17 7/19/2000 18 8/19/2000 19 9/19/2000 20 10/19/2000 21 11/19/2000 22 12/19/2000 23 1/19/2001 24 2/19/2001 25 3/19/2001 26 4/19/2001 27 5/19/2001 28 6/19/2001 29 7/19/2001 30 8/19/2001 31 9/19/2001 32 10/19/2001 33 11/19/2001 34 12/19/2001 35 1/19/2002 36 2/19/2002 37 3/19/2002 38 4/19/2002 39 5/19/2002 40 6/19/2002 41 7/19/2002 42 8/19/2002 43 9/19/2002 44 10/19/2002 45 11/19/2002 46 12/19/2002 47 1/19/2003 48 2/19/2003 49 3/19/2003 50 4/19/2003 51 5/19/2003 52 6/19/2003 53 7/19/2003 54 8/19/2003 55 9/19/2003 56 10/19/2003 57 11/19/2003 58 12/19/2003 59 1/19/2004 60 2/19/2004 Outstanding as of June 30, 2000 Principal Total Interest Payment Total Debt Service Payable $5,499.67 Fiscal Year Ended 6/30 Beginning Balance 221,522.19 216,906.76 212,272.91 207,620.56 202,949.64 198,260.08 193,551.80 188,824.72 184,078.78 179,313.89 174,529.98 169,726.98 164,904.80 160,063.37 155,202.62 150,322.47 145,422.84 140,503.65 135,564.82 130,606.28 125,627.95 120,629.74 115,611.58 110,573.39 105,515.09 100,436.60 95,337.84 90,218.73 85,079.18 79,919.12 74,738.46 69,537.12 64,315.02 59,072.07 53,808.20 48,523.31 43,217.33 37,890.17 32,541.74 27,171.97 21,780.76 16,368.03 10,933.70 5,477.67 Interest 884.24 865.82 847.32 828.75 810.11 791.39 772.59 753.73 734.78 715.76 696.67 677.49 658.24 638.92 619.52 600.04 580.48 560.84 541.13 521.34 501.46 481.51 461.48 441.37 421.18 400.91 380.56 360.12 339.61 319.01 298.33 277.57 256.72 235.80 214.78 193.69 172.51 151.24 129.90 108.46 86.94 65.34 43.64 21.87 20,463.16 Principal 4,615.43 4,633.85 4,652.35 4,670.92 4,689.56 4,708.28 4,727.08 4,745.94 4,764.89 4,783.91 4,803.00 4,822.18 4,841.43 4,860.75 4,880.15 4,899.63 4,919.19 4,938.83 4,958.54 4,978.33 4,998.21 5,018.16 5,038.19 5,058.30 5,078.49 5,098.76 5,119.11 5,139.55 5,160.06 5,180.66 5,201.34 5,222.10 5,242.95 5,263.87 5,284.89 5,305.98 5,327.16 5,348.43 5,369.77 5,391.21 5,412.73 5,434.33 5,456.03 5,478.04 221,522.56 Ending Balance 216,906.76 212,272.91 207,620.56 202,949.64 198,260.08 193,551.80 188,824.72 184,078.78 179,313.89 174,529.98 169,726.98 164,904.80 160,063.37 155,202.62 150,322.47 145,422.84 140,503.65 135,564.82 130,606.28 125,627.95 120,629.74 115,611.58 110,573.39 105,515.09 100,436.60 95,337.84 90,218.73 85,079.18 79,919.12 74,738.46 69,537.12 64,315.02 59,072.07 53,808.20 48,523.31 43,217.33 37,890.17 32,541.74 27,171.97 21,780.76 16,368.03 10,933.70 5,477.67 -0.37 Cumulative Interest 16,309.54 17,175.36 18,022.68 18,851.43 19,661.54 20,452.93 21,225.52 21,979.25 22,714.03 23,429.79 24,126.46 24,803.95 25,462.19 26,101.11 26,720.63 27,320.67 27,901.15 28,461.99 29,003.12 29,524.46 30,025.92 30,507.43 30,968.91 31,410.28 31,831.46 32,232.37 32,612.93 32,973.05 33,312.66 33,631.67 33,930.00 34,207.57 34,464.29 34,700.09 34,914.87 35,108.56 35,281.07 35,432.31 35,562.21 35,670.67 35,757.61 35,822.95 35,866.59 35,888.46 Principal Interest Total 56,617.39 9,378.65 65,996.04 59,389.71 6,606.33 65,996.04 62,297.76 3,698.28 65,996.04 43,217.70 779.90 43,997.60 221,522.56 20,463.16 241,985.72 77 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: Sheriff's Office 500 C50990421 Helicopter LOAN DATA PERIODIC PAYMENT Calculated payment: Loan amount: $2,042,000.00 Annual interest rate: 4.68490% Term in years: 10 Payments per year: 12 First payment due: 3/5/1999 AMORTIZATION SCHEDULE Payment No. Date 17 7/5/2000 18 8/5/2000 19 9/5/2000 20 10/5/2000 21 11/5/2000 22 12/5/2000 23 1/5/2001 24 2/5/2001 25 3/5/2001 26 4/5/2001 27 5/5/2001 28 6/5/2001 29 7/5/2001 30 8/5/2001 31 9/5/2001 32 10/5/2001 33 11/5/2001 34 12/5/2001 35 1/5/2002 36 2/5/2002 37 3/5/2002 38 4/5/2002 39 5/5/2002 40 6/5/2002 41 7/5/2002 42 8/5/2002 43 9/5/2002 44 10/5/2002 45 11/5/2002 46 12/5/2002 47 1/5/2003 48 2/5/2003 49 3/5/2003 50 4/5/2003 51 5/5/2003 52 6/5/2003 53 7/5/2003 54 8/5/2003 55 9/5/2003 56 10/5/2003 57 11/5/2003 58 12/5/2003 59 1/5/2004 60 2/5/2004 61 3/5/2004 62 4/5/2004 63 5/5/2004 64 6/5/2004 65 7/5/2004 66 8/5/2004 67 9/5/2004 68 10/5/2004 69 11/5/2004 70 12/5/2004 71 1/5/2005 72 2/5/2005 73 3/5/2005 74 4/5/2005 75 5/5/2005 76 6/5/2005 $21,262.43 Fiscal Year Ended 6/30 Beginning Balance 1,814,562.09 1,800,383.86 1,786,150.28 1,771,861.13 1,757,516.19 1,743,115.25 1,728,658.09 1,714,144.49 1,699,574.22 1,684,947.07 1,670,262.81 1,655,521.23 1,640,722.09 1,625,865.18 1,610,950.26 1,595,977.11 1,580,945.51 1,565,855.22 1,550,706.02 1,535,497.68 1,520,229.96 1,504,902.63 1,489,515.47 1,474,068.23 1,458,560.69 1,442,992.60 1,427,363.73 1,411,673.85 1,395,922.71 1,380,110.08 1,364,235.71 1,348,299.37 1,332,300.81 1,316,239.79 1,300,116.07 1,283,929.40 1,267,679.54 1,251,366.24 1,234,989.25 1,218,548.32 1,202,043.20 1,185,473.65 1,168,839.41 1,152,140.23 1,135,375.61 1,118,545.54 1,101,649.77 1,084,688.03 1,067,660.07 1,050,565.63 1,033,404.46 1,016,176.29 998,880.86 981,517.90 964,087.16 946,588.37 929,021.26 911,385.57 893,681.03 875,907.37 Interest 7,084.20 7,028.85 6,973.28 6,917.49 6,861.49 6,805.27 6,748.83 6,692.16 6,635.28 6,578.17 6,520.85 6,463.29 6,405.52 6,347.51 6,289.28 6,230.83 6,172.14 6,113.23 6,054.09 5,994.71 5,935.10 5,875.27 5,815.19 5,754.89 5,694.34 5,633.56 5,572.55 5,511.29 5,449.80 5,388.06 5,326.09 5,263.87 5,201.41 5,138.71 5,075.76 5,012.57 4,949.13 4,885.44 4,821.50 4,757.31 4,692.88 4,628.19 4,563.25 4,498.05 4,432.60 4,366.90 4,300.93 4,234.71 4,168.23 4,101.50 4,034.50 3,967.24 3,899.71 3,831.93 3,763.88 3,695.56 3,626.98 3,558.13 3,489.01 3,419.62 Principal 14,178.23 14,233.58 14,289.15 14,344.94 14,400.94 14,457.16 14,513.60 14,570.27 14,627.15 14,684.26 14,741.58 14,799.14 14,856.91 14,914.92 14,973.15 15,031.60 15,090.29 15,149.20 15,208.34 15,267.72 15,327.33 15,387.16 15,447.24 15,507.54 15,568.09 15,628.87 15,689.88 15,751.14 15,812.63 15,874.37 15,936.34 15,998.56 16,061.02 16,123.72 16,186.67 16,249.86 16,313.30 16,376.99 16,440.93 16,505.12 16,569.55 16,634.24 16,699.18 16,764.62 16,830.07 16,895.77 16,961.74 17,027.96 17,094.44 17,161.17 17,228.17 17,295.43 17,362.96 17,430.74 17,498.79 17,567.11 17,635.69 17,704.54 17,773.66 17,843.05 78 Ending Balance 1,800,383.86 1,786,150.28 1,771,861.13 1,757,516.19 1,743,115.25 1,728,658.09 1,714,144.49 1,699,574.22 1,684,947.07 1,670,262.81 1,655,521.23 1,640,722.09 1,625,865.18 1,610,950.26 1,595,977.11 1,580,945.51 1,565,855.22 1,550,706.02 1,535,497.68 1,520,229.96 1,504,902.63 1,489,515.47 1,474,068.23 1,458,560.69 1,442,992.60 1,427,363.73 1,411,673.85 1,395,922.71 1,380,110.08 1,364,235.71 1,348,299.37 1,332,300.81 1,316,239.79 1,300,116.07 1,283,929.40 1,267,679.54 1,251,366.24 1,234,989.25 1,218,548.32 1,202,043.20 1,185,473.65 1,168,839.41 1,152,140.23 1,135,375.61 1,118,545.54 1,101,649.77 1,084,688.03 1,067,660.07 1,050,565.63 1,033,404.46 1,016,176.29 998,880.86 981,517.90 964,087.16 946,588.37 929,021.26 911,385.57 893,681.03 875,907.37 858,064.32 Cumulative Interest 119,845.17 126,874.02 133,847.30 140,764.79 147,626.28 154,431.55 161,180.38 167,872.54 174,507.82 181,085.99 187,606.84 194,070.13 200,475.65 206,823.16 213,112.44 219,343.27 225,515.41 231,628.64 237,682.73 243,677.44 249,612.54 255,487.81 261,303.00 267,057.89 272,752.23 278,385.79 283,958.34 289,469.63 294,919.43 300,307.49 305,633.58 310,897.45 316,098.86 321,237.57 326,313.33 331,325.90 336,275.03 341,160.47 345,981.97 350,739.28 355,432.16 360,060.35 364,623.60 369,121.65 373,554.25 377,921.15 382,222.08 386,456.79 390,625.02 394,726.52 398,761.02 402,728.26 406,627.97 410,459.90 414,223.78 417,919.34 421,546.32 425,104.45 428,593.46 432,013.08 Principal Interest Total 173,840.00 81,309.16 255,149.16 182,161.40 72,987.76 255,149.16 190,881.15 64,268.01 255,149.16 200,019.47 55,130.89 255,150.36 209,595.75 45,556.29 255,152.04 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: Sheriff's Office 500 C50990421 Helicopter **Continued LOAN DATA PERIODIC PAYMENT Calculated payment: Loan amount: $2,042,000.00 Annual interest rate: 4.68490% Term in years: 10 Payments per year: 12 First payment due: 3/5/1999 AMORTIZATION SCHEDULE Payment No. Date 77 7/5/2005 78 8/5/2005 79 9/5/2005 80 10/5/2005 81 11/5/2005 82 12/5/2005 83 1/5/2006 84 2/5/2006 85 3/5/2006 86 4/5/2006 87 5/5/2006 88 6/5/2006 89 7/5/2006 90 8/5/2006 91 9/5/2006 92 10/5/2006 93 11/5/2006 94 12/5/2006 95 1/5/2007 96 2/5/2007 97 3/5/2007 98 4/5/2007 99 5/5/2007 100 6/5/2007 101 7/5/2007 102 8/5/2007 103 9/5/2007 104 10/5/2007 105 11/5/2007 106 12/5/2007 107 1/5/2008 108 2/5/2008 109 3/5/2008 110 4/5/2008 111 5/5/2008 112 6/5/2008 113 7/5/2008 114 8/5/2008 115 9/5/2008 116 10/5/2008 117 11/5/2008 118 12/5/2008 119 1/5/2009 120 2/5/2009 Outstanding as of June 30, 2000 Principal Total Interest Payment Total Debt Service Payable $21,262.43 Fiscal Year Ended 6/30 Beginning Balance 858,064.32 840,151.60 822,168.95 804,116.10 785,992.77 767,798.68 749,533.56 731,197.13 712,789.35 694,309.71 675,757.92 657,133.71 638,436.78 619,666.86 600,823.66 581,906.90 562,916.28 543,851.52 524,712.33 505,498.42 486,209.50 466,845.27 447,405.44 427,889.72 408,297.81 388,629.41 368,884.22 349,061.94 329,162.28 309,184.93 289,129.58 268,995.94 248,783.69 228,492.53 208,122.15 187,672.25 167,142.51 146,532.62 125,842.27 105,071.14 84,218.92 63,285.29 42,269.93 21,172.53 Interest 3,349.95 3,280.02 3,209.82 3,139.34 3,068.58 2,997.55 2,926.24 2,854.65 2,782.79 2,710.64 2,638.22 2,565.50 2,492.51 2,419.23 2,345.67 2,271.81 2,197.67 2,123.24 2,048.52 1,973.51 1,898.20 1,822.60 1,746.71 1,670.52 1,594.03 1,517.24 1,440.15 1,362.77 1,285.08 1,207.08 1,128.79 1,050.18 971.27 892.05 812.53 732.69 652.54 572.08 491.30 410.21 328.80 247.07 165.03 82.66 396,729.15 Principal 17,912.72 17,982.65 18,052.85 18,123.33 18,194.09 18,265.12 18,336.43 18,407.78 18,479.64 18,551.79 18,624.21 18,696.93 18,769.92 18,843.20 18,916.76 18,990.62 19,064.76 19,139.19 19,213.91 19,288.92 19,364.23 19,439.83 19,515.72 19,591.91 19,668.40 19,745.19 19,822.28 19,899.66 19,977.35 20,055.35 20,133.64 20,212.25 20,291.16 20,370.38 20,449.90 20,529.74 20,609.89 20,690.35 20,771.13 20,852.22 20,933.63 21,015.36 21,097.40 21,172.53 1,814,562.09 Ending Balance 840,151.60 822,168.95 804,116.10 785,992.77 767,798.68 749,533.56 731,197.13 712,789.35 694,309.71 675,757.92 657,133.71 638,436.78 619,666.86 600,823.66 581,906.90 562,916.28 543,851.52 524,712.33 505,498.42 486,209.50 466,845.27 447,405.44 427,889.72 408,297.81 388,629.41 368,884.22 349,061.94 329,162.28 309,184.93 289,129.58 268,995.94 248,783.69 228,492.53 208,122.15 187,672.25 167,142.51 146,532.62 125,842.27 105,071.14 84,218.92 63,285.29 42,269.93 21,172.53 0.00 Cumulative Interest 435,363.03 438,643.05 441,852.87 444,992.21 448,060.79 451,058.34 453,984.58 456,839.23 459,622.02 462,332.66 464,970.88 467,536.38 470,028.89 472,448.12 474,793.79 477,065.60 479,263.27 481,386.51 483,435.03 485,408.54 487,306.74 489,129.34 490,876.05 492,546.57 494,140.60 495,657.84 497,097.99 498,460.76 499,745.84 500,952.92 502,081.71 503,131.89 504,103.16 504,995.21 505,807.74 506,540.43 507,192.97 507,765.05 508,256.35 508,666.56 508,995.36 509,242.43 509,407.46 509,490.12 Principal Interest Total 219,627.54 35,523.30 255,150.84 230,138.97 25,010.19 255,149.16 241,155.30 13,993.86 255,149.16 167,142.51 2,949.69 170,092.20 1,814,562.09 396,729.15 2,211,291.24 79 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: Sheriff's Office 500 Computers LOAN DATA Loan amount: Annual interest rate: Term in years: Payments per year: First payment due: PERIODIC PAYMENT Calculated payment: $1,295,742.29 4.97840% 4 12 6/30/1999 AMORTIZATION SCHEDULE Payment No. Date 14 7/30/2000 15 8/30/2000 16 9/30/2000 17 10/30/2000 18 11/30/2000 19 12/30/2000 20 1/30/2001 21 2/28/2001 22 3/30/2001 23 4/30/2001 24 5/30/2001 25 6/30/2001 26 7/30/2001 27 8/30/2001 28 9/30/2001 29 10/30/2001 30 11/30/2001 31 12/30/2001 32 1/30/2002 33 2/28/2002 34 3/30/2002 35 4/30/2002 36 5/30/2002 37 6/30/2002 38 7/30/2002 39 8/30/2002 40 9/30/2002 41 10/30/2002 42 11/30/2002 43 12/30/2002 44 1/30/2003 45 2/28/2003 46 3/30/2003 47 4/30/2003 48 5/30/2003 Outstanding as of June 30, 2000 Principal Total Interest Payment Total Debt Service Payable $40,592.18 6/30/99-5/31/01 $17,678.65 6/30/01-5/31/03 Fiscal Year Ended 6/30 Beginning Balance 820,706.27 783,518.93 746,177.31 708,680.77 671,028.67 633,220.36 595,255.20 557,132.54 518,851.72 480,412.08 441,812.97 403,053.72 387,047.21 370,974.29 354,834.69 338,628.13 322,354.34 306,013.03 289,603.93 273,126.75 256,581.21 239,967.03 223,283.92 206,531.60 189,709.78 172,818.17 155,856.48 138,824.43 121,721.72 104,548.05 87,303.14 69,986.68 52,598.38 35,137.94 17,605.07 Interest 3,404.84 3,250.56 3,095.64 2,940.08 2,783.87 2,627.02 2,469.52 2,311.36 2,152.54 1,993.07 1,832.93 1,672.14 1,605.73 1,539.05 1,472.09 1,404.86 1,337.34 1,269.55 1,201.47 1,133.11 1,064.47 995.54 926.33 856.83 787.04 716.96 646.60 575.94 504.98 433.74 362.19 290.35 218.21 145.78 73.04 50,094.77 Principal 37,187.34 37,341.62 37,496.54 37,652.10 37,808.31 37,965.16 38,122.66 38,280.82 38,439.64 38,599.11 38,759.25 16,006.51 16,072.92 16,139.60 16,206.56 16,273.79 16,341.31 16,409.10 16,477.18 16,545.54 16,614.18 16,683.11 16,752.32 16,821.82 16,891.61 16,961.69 17,032.05 17,102.71 17,173.67 17,244.91 17,316.46 17,388.30 17,460.44 17,532.87 17,605.61 820,706.81 Ending Balance 783,518.93 746,177.31 708,680.77 671,028.67 633,220.36 595,255.20 557,132.54 518,851.72 480,412.08 441,812.97 403,053.72 387,047.21 370,974.29 354,834.69 338,628.13 322,354.34 306,013.03 289,603.93 273,126.75 256,581.21 239,967.03 223,283.92 206,531.60 189,709.78 172,818.17 155,856.48 138,824.43 121,721.72 104,548.05 87,303.14 69,986.68 52,598.38 35,137.94 17,605.07 -0.54 Cumulative Interest 56,067.16 59,317.72 62,413.36 65,353.44 68,137.31 70,764.33 73,233.85 75,545.21 77,697.75 79,690.82 81,523.75 83,195.89 84,801.62 86,340.67 87,812.76 89,217.62 90,554.96 91,824.51 93,025.98 94,159.09 95,223.56 96,219.10 97,145.43 98,002.26 98,789.30 99,506.26 100,152.86 100,728.80 101,233.78 101,667.52 102,029.71 102,320.06 102,538.27 102,684.05 102,757.09 Principal Interest Total 433,659.06 30,533.57 464,192.63 197,337.43 14,806.37 212,143.80 189,710.32 4,754.83 194,465.15 820,706.81 50,094.77 870,801.58 80 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: Assessor 120 C12970101 Computer System LOAN DATA Loan amount: Annual interest rate: Term in years: Payments per year: First payment due: $707,020.42 5.15000% 5 12 11/15/1997 AMORTIZATION SCHEDULE Payment No. Date 33 7/15/2000 34 8/15/2000 35 9/15/2000 36 10/15/2000 37 11/15/2000 38 12/15/2000 39 1/15/2001 40 2/15/2001 41 3/15/2001 42 4/15/2001 43 5/15/2001 44 6/15/2001 45 7/15/2001 46 8/15/2001 47 9/15/2001 48 10/15/2001 49 11/15/2001 50 12/15/2001 51 1/15/2002 52 2/15/2002 53 3/15/2002 54 4/15/2002 55 5/15/2002 56 6/15/2002 57 7/15/2002 58 8/15/2002 59 9/15/2002 60 10/15/2002 Outstanding as of June 30, 2000 Principal Total Interest Payment Total Debt Service Payable PERIODIC PAYMENT Calculated payment: $13,522.56 Fiscal Year Ended 6/30 Beginning Balance 356,048.17 344,053.65 332,007.65 319,909.96 307,760.35 295,558.59 283,304.47 270,997.76 258,638.23 246,225.66 233,759.82 221,240.48 208,667.41 196,040.38 183,359.16 170,623.52 157,833.22 144,988.03 132,087.71 119,132.03 106,120.74 93,053.61 79,930.41 66,750.88 53,514.79 40,221.90 26,871.96 13,464.73 Interest Principal 1,528.04 11,994.52 1,476.56 12,046.00 1,424.87 12,097.69 1,372.95 12,149.61 1,320.80 12,201.76 1,268.44 12,254.12 1,215.85 12,306.71 1,163.03 12,359.53 1,109.99 12,412.57 1,056.72 12,465.84 1,003.22 12,519.34 949.49 12,573.07 895.53 12,627.03 841.34 12,681.22 786.92 12,735.64 732.26 12,790.30 677.37 12,845.19 622.24 12,900.32 566.88 12,955.68 511.27 13,011.29 455.43 13,067.13 399.36 13,123.20 343.03 13,179.53 286.47 13,236.09 229.67 13,292.89 172.62 13,349.94 115.33 13,407.23 57.79 13,464.73 22,583.47 356,048.17 Ending Balance 344,053.65 332,007.65 319,909.96 307,760.35 295,558.59 283,304.47 270,997.76 258,638.23 246,225.66 233,759.82 221,240.48 208,667.41 196,040.38 183,359.16 170,623.52 157,833.22 144,988.03 132,087.71 119,132.03 106,120.74 93,053.61 79,930.41 66,750.88 53,514.79 40,221.90 26,871.96 13,464.73 0.00 Cumulative Interest 83,277.71 84,754.27 86,179.14 87,552.09 88,872.89 90,141.33 91,357.18 92,520.21 93,630.20 94,686.92 95,690.14 96,639.63 97,535.16 98,376.50 99,163.42 99,895.68 100,573.05 101,195.29 101,762.17 102,273.44 102,728.87 103,128.23 103,471.26 103,757.73 103,987.40 104,160.02 104,275.35 104,333.14 Principal Interest Total 147,380.76 14,889.96 162,270.72 155,152.62 53,514.79 7,118.10 162,270.72 575.41 54,090.20 356,048.17 22,583.47 378,631.64 81 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: Medical Examiner 290 C663001/C663004 Medical Equipment LOAN DATA PERIODIC PAYMENT Loan amount: $102,686.00 Annual interest rate: 5.3400% Term in years: 5 Payments per year: 12 First payment due: 10/30/1999 AMORTIZATION SCHEDULE Payment No. Date 10 7/30/2000 11 8/30/2000 12 9/30/2000 13 10/30/2000 14 11/30/2000 15 12/30/2000 16 1/30/2001 17 2/30/2001 18 3/30/2001 19 4/30/2001 20 5/30/2001 21 6/30/2001 22 7/30/2001 23 8/30/2001 24 9/30/2001 25 10/30/2001 26 11/30/2001 27 12/30/2001 28 1/30/2002 29 2/30/2002 30 3/30/2002 31 4/30/2002 32 5/30/2002 33 6/30/2002 34 7/30/2002 35 8/30/2002 36 9/30/2002 37 10/30/2002 38 11/30/2002 39 12/30/2002 40 1/30/2003 41 2/30/2003 42 3/30/2003 43 4/30/2003 44 5/30/2003 45 6/30/2003 46 7/30/2003 47 8/30/2003 48 9/30/2003 49 10/30/2003 50 11/30/2003 51 12/30/2003 52 1/30/2004 53 2/30/2004 54 3/30/2004 55 4/30/2004 56 5/30/2004 57 6/30/2004 58 7/30/2004 59 8/30/2004 60 9/30/2004 Outstanding as of June 30, 2000 Principal Total Interest Payment Total Debt Service Payable Calculated payment: $1,945.37 Fiscal Year Ended 6/30 Beginning Balance 88,578.39 87,027.49 85,469.68 83,904.93 82,333.21 80,754.49 79,168.74 77,575.93 75,976.03 74,369.00 72,754.82 71,133.45 69,504.86 67,869.02 66,225.89 64,575.44 62,917.64 61,252.46 59,579.86 57,899.82 56,212.29 54,517.25 52,814.66 51,104.49 49,386.70 47,661.26 45,928.14 44,187.30 42,438.71 40,682.33 38,918.13 37,146.07 35,366.12 33,578.24 31,782.40 29,978.56 28,166.69 26,346.75 24,518.71 22,682.53 20,838.17 18,985.60 17,124.78 15,255.67 13,378.24 11,492.44 9,598.25 7,695.62 5,784.52 3,864.91 1,936.75 Interest 394.45 387.56 380.62 373.66 366.66 359.63 352.56 345.47 338.35 331.19 324.00 316.78 309.53 302.24 294.93 287.58 280.19 272.78 265.33 257.85 250.33 242.78 235.20 227.59 219.94 212.25 204.53 196.78 188.99 181.17 173.32 165.42 157.50 149.54 141.54 133.50 125.44 117.33 109.19 101.01 92.80 84.55 76.26 67.94 59.58 51.18 42.74 34.27 25.76 17.21 8.62 10,635.62 Ending Balance 87,027.49 85,469.68 83,904.93 82,333.21 80,754.49 79,168.74 77,575.93 75,976.03 74,369.00 72,754.82 71,133.45 69,504.86 67,869.02 66,225.89 64,575.44 62,917.64 61,252.46 59,579.86 57,899.82 56,212.29 54,517.25 52,814.66 51,104.49 49,386.70 47,661.26 45,928.14 44,187.30 42,438.71 40,682.33 38,918.13 37,146.07 35,366.12 33,578.24 31,782.40 29,978.56 28,166.69 26,346.75 24,518.71 22,682.53 20,838.17 18,985.60 17,124.78 15,255.67 13,378.24 11,492.44 9,598.25 7,695.62 5,784.52 3,864.91 1,936.75 0.00 Principal 1,550.90 1,557.81 1,564.75 1,571.72 1,578.72 1,585.75 1,592.81 1,599.90 1,607.03 1,614.18 1,621.37 1,628.59 1,635.84 1,643.13 1,650.45 1,657.80 1,665.18 1,672.60 1,680.04 1,687.53 1,695.04 1,702.59 1,710.17 1,717.79 1,725.44 1,733.12 1,740.84 1,748.59 1,756.38 1,764.20 1,772.06 1,779.95 1,787.88 1,795.84 1,803.84 1,811.87 1,819.94 1,828.04 1,836.18 1,844.36 1,852.57 1,860.82 1,869.11 1,877.43 1,885.80 1,894.19 1,902.63 1,911.10 1,919.61 1,928.16 1,936.75 88,578.39 Cumulative Interest 3,894.21 4,281.77 4,662.39 5,036.05 5,402.71 5,762.34 6,114.90 6,460.37 6,798.72 7,129.91 7,453.91 7,770.69 8,080.22 8,382.46 8,677.39 8,964.97 9,245.16 9,517.94 9,783.27 10,041.12 10,291.45 10,534.23 10,769.43 10,997.02 11,216.96 11,429.21 11,633.74 11,830.52 12,019.51 12,200.68 12,374.00 12,539.42 12,696.92 12,846.46 12,988.00 13,121.50 13,246.94 13,364.27 13,473.46 13,574.47 13,667.27 13,751.82 13,828.08 13,896.02 13,955.60 14,006.78 14,049.52 14,083.79 14,109.55 14,126.76 14,135.38 Principal Interest Total 19,073.53 4,270.93 23,344.46 20,118.16 3,226.33 23,344.49 21,220.01 2,124.48 23,344.49 22,382.17 962.29 23,344.46 5,784.52 51.59 5,836.11 88,578.39 10,635.62 99,214.01 82 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: Administrative Technology Center 410 99090 RFP Computer Equipment LOAN DATA PERIODIC PAYMENT Loan amount: $582,593.00 Annual interest rate: 4.95%/3.93%/4.50% Term in years: 3/1/3 (multiple maturity dates) Payments per year: 12 First payment due: 12/1/1999 AMORTIZATION SCHEDULE Payment No. Date 8 7/1/2000 9 8/1/2000 10 9/1/2000 11 10/1/2000 12 11/1/2000 13 12/1/2000 14 1/1/2001 15 2/1/2001 16 3/1/2001 17 4/1/2001 18 5/1/2001 19 6/1/2001 20 7/1/2001 21 8/1/2001 22 9/1/2001 23 10/1/2001 24 11/1/2001 25 12/1/2001 26 1/1/2002 27 2/1/2002 28 3/1/2002 29 4/1/2002 30 5/1/2002 31 6/1/2002 32 7/1/2002 33 8/1/2002 34 9/1/2002 35 10/1/2002 36 11/1/2002 Outstanding as of June 30, 2000 Principal Total Interest Payment Total Debt Service Payable Calculated payment: $12,536.69 $6,958.23 $2,444.96 Fiscal Year Ended 6/30 Beginning Balance 443,522.59 423,354.94 403,111.30 382,791.39 362,394.92 341,921.63 328,329.40 314,681.94 300,979.03 287,220.43 273,405.93 259,535.30 245,608.30 231,624.71 217,584.29 203,486.83 189,332.08 175,119.81 160,849.79 146,521.78 132,135.55 117,690.86 103,187.48 88,625.16 74,003.66 59,322.74 44,582.16 29,781.68 14,921.05 Interest 1,772.23 1,696.24 1,619.97 1,543.41 1,466.59 1,389.42 1,334.19 1,278.74 1,223.05 1,167.15 1,111.02 1,054.65 998.06 941.23 884.19 826.90 769.38 711.63 653.64 595.42 536.96 478.27 419.33 360.15 300.73 241.07 181.17 121.02 60.60 25,736.41 Principal 20,167.65 20,243.64 20,319.91 20,396.47 20,473.29 13,592.23 13,647.46 13,702.91 13,758.60 13,814.50 13,870.63 13,927.00 13,983.59 14,040.42 14,097.46 14,154.75 14,212.27 14,270.02 14,328.01 14,386.23 14,444.69 14,503.38 14,562.32 14,621.50 14,680.92 14,740.58 14,800.48 14,860.63 14,921.05 443,522.59 Ending Balance 423,354.94 403,111.30 382,791.39 362,394.92 341,921.63 328,329.40 314,681.94 300,979.03 287,220.43 273,405.93 259,535.30 245,608.30 231,624.71 217,584.29 203,486.83 189,332.08 175,119.81 160,849.79 146,521.78 132,135.55 117,690.86 103,187.48 88,625.16 74,003.66 59,322.74 44,582.16 29,781.68 14,921.05 0.00 Cumulative Interest 16,280.98 17,977.22 19,597.19 21,140.60 22,607.19 23,996.61 25,330.80 26,609.54 27,832.59 28,999.74 30,110.76 31,165.41 32,163.47 33,104.70 33,988.89 34,815.79 35,585.17 36,296.80 36,950.44 37,545.86 38,082.82 38,561.09 38,980.42 39,340.57 39,641.30 39,882.37 40,063.54 40,184.56 40,245.16 Principal Interest Total 197,914.29 16,656.66 214,570.95 171,604.64 8,175.16 179,779.80 74,003.66 904.59 74,908.25 443,522.59 25,736.41 469,259.00 83 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: Superior Court 380 AD990005-003 Computer Equipment LOAN DATA PERIODIC PAYMENT Loan amount: $204,491.40 Annual interest rate: 5.4500% Term in years: 3 Payments per year: 12 First payment due: 5/1/2000 AMORTIZATION SCHEDULE Payment No. Date 4 7/1/2000 5 8/1/2000 6 9/1/2000 7 10/1/2000 8 11/1/2000 9 12/1/2000 10 1/1/2001 11 2/1/2001 12 3/1/2001 13 4/1/2001 14 5/1/2001 15 6/1/2001 16 7/1/2001 17 8/1/2001 18 9/1/2001 19 10/1/2001 20 11/1/2001 21 12/1/2001 22 1/1/2002 23 2/1/2002 24 3/1/2002 25 4/1/2002 26 5/1/2002 27 6/1/2002 28 7/1/2002 29 8/1/2002 30 9/1/2002 31 10/1/2002 32 11/1/2002 33 12/1/2002 34 1/1/2003 35 2/1/2003 36 3/1/2003 Outstanding as of June 30, 2000 Principal Total Interest Payment Total Debt Service Payable Calculated payment: $6,142.30 Fiscal Year Ended 6/30 Beginning Balance 187,842.38 182,553.20 177,240.00 171,902.67 166,541.10 161,155.18 155,744.80 150,309.85 144,850.21 139,365.78 133,856.44 128,322.08 122,762.58 117,177.83 111,567.72 105,932.13 100,270.94 94,584.04 88,871.31 83,132.64 77,367.91 71,576.99 65,759.77 59,916.13 54,045.95 48,149.11 42,225.49 36,274.97 30,297.42 24,292.73 18,260.76 12,201.40 6,114.52 Interest 853.12 829.10 804.97 780.72 756.37 731.91 707.34 682.66 657.86 632.95 607.93 582.80 557.55 532.18 506.70 481.11 455.40 429.57 403.62 377.56 351.38 325.08 298.66 272.12 245.46 218.68 191.77 164.75 137.60 110.33 82.93 55.41 27.77 14,853.36 Ending Balance 182,553.20 177,240.00 171,902.67 166,541.10 161,155.18 155,744.80 150,309.85 144,850.21 139,365.78 133,856.44 128,322.08 122,762.58 117,177.83 111,567.72 105,932.13 100,270.94 94,584.04 88,871.31 83,132.64 77,367.91 71,576.99 65,759.77 59,916.13 54,045.95 48,149.11 42,225.49 36,274.97 30,297.42 24,292.73 18,260.76 12,201.40 6,114.52 0.00 Principal 5,289.18 5,313.20 5,337.33 5,361.57 5,385.92 5,410.38 5,434.95 5,459.64 5,484.43 5,509.34 5,534.36 5,559.50 5,584.75 5,610.11 5,635.59 5,661.19 5,686.90 5,712.73 5,738.67 5,764.73 5,790.92 5,817.22 5,843.64 5,870.18 5,896.84 5,923.62 5,950.52 5,977.55 6,004.69 6,031.97 6,059.36 6,086.88 6,114.52 187,842.38 Cumulative Interest 2,630.99 3,460.09 4,265.06 5,045.78 5,802.15 6,534.06 7,241.40 7,924.06 8,581.92 9,214.87 9,822.80 10,405.60 10,963.15 11,495.33 12,002.03 12,483.14 12,938.54 13,368.11 13,771.73 14,149.29 14,500.67 14,825.75 15,124.41 15,396.53 15,641.99 15,860.67 16,052.44 16,217.19 16,354.79 16,465.12 16,548.05 16,603.46 Principal Interest Total 65,079.80 8,627.73 73,707.53 68,716.63 4,990.93 73,707.56 54,045.95 1,234.70 55,280.65 187,842.38 14,853.36 202,695.74 84 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: Facilities Management 700 99011 RFP Energy Retrofit LOAN DATA PERIODIC PAYMENT Loan amount: $3,652,383.00 Annual interest rate: 5.8400% Term in years: 10 Payments per year: 1 First payment due: 5/25/2001 AMORTIZATION SCHEDULE Payment No. Date 1 5/25/2001 2 5/25/2002 3 5/25/2003 4 5/25/2004 5 5/25/2005 6 5/25/2006 7 5/25/2007 8 5/25/2008 9 5/25/2009 10 5/25/2010 Outstanding as of June 30, 2000 Principal Total Interest Payment Total Debt Service Payable Calculated payment: $492,486.96 Fiscal Year Ended 6/30 Beginning Balance 3,652,383.00 3,373,195.21 3,077,702.85 2,764,953.74 2,433,940.08 2,083,595.22 1,712,790.22 1,320,330.21 904,950.54 465,312.69 Interest 213,299.17 196,994.60 179,737.85 161,473.30 142,142.10 121,681.96 100,026.95 77,107.28 52,849.11 27,174.26 1,272,486.58 Principal 279,187.79 295,492.36 312,749.11 331,013.66 350,344.86 370,805.00 392,460.01 415,379.67 439,637.85 465,312.69 3,652,383.00 Ending Balance 3,373,195.21 3,077,702.85 2,764,953.74 2,433,940.08 2,083,595.22 1,712,790.22 1,320,330.21 904,950.54 465,312.69 0.00 Cumulative Interest 213,299.17 410,293.77 590,031.62 751,504.92 893,647.02 1,015,328.98 1,115,355.93 1,192,463.21 1,245,312.32 1,272,486.58 Principal 279,187.79 295,492.36 312,749.11 331,013.66 350,344.86 370,805.00 392,460.01 415,379.67 439,637.85 465,312.69 Interest 213,299.17 196,994.60 179,737.85 161,473.30 142,142.10 121,681.96 100,026.95 77,107.28 52,849.11 27,174.26 Total 492,486.96 492,486.96 492,486.96 492,486.96 492,486.96 492,486.96 492,486.96 492,486.95 492,486.96 492,486.95 3,652,383.00 1,272,486.58 4,924,869.58 85 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: Telecommunications 760 CS966029 Data Communications Equipment LOAN DATA PERIODIC PAYMENT Calculated payment: Loan amount: $235,463.79 Annual interest rate: 6.59833% Term in years: 5 Payments per year: 12 First payment due: 10/22/1995 AMORTIZATION SCHEDULE Payment No. Date 58 7/22/2000 59 8/22/2000 60 9/22/2000 Outstanding as of June 30, 2000 Principal Total Interest Payment Total Debt Service Payable $4,617.97 Fiscal Year Ended 6/30 Beginning Balance 13,702.85 9,160.23 4,592.63 Interest 75.35 50.37 25.25 150.97 Principal 4,542.62 4,567.60 4,592.63 13,702.86 Ending Balance 9,160.23 4,592.63 0.00 Cumulative Interest 41,538.73 41,589.10 41,614.35 Principal 13,702.86 Interest 150.97 Total 13,853.83 13,702.86 150.97 13,853.83 86 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: Public Health 860 C70970135 Modular Buildings LOAN DATA PERIODIC PAYMENT Calculated payment: Loan amount: $253,570.00 Annual interest rate: 5.15000% Term in years: 5 Payments per year: 12 First payment due: 8/15/1997 AMORTIZATION SCHEDULE Payment No. Date 36 7/15/2000 37 8/15/2000 38 9/15/2000 39 10/15/2000 40 11/15/2000 41 12/15/2000 42 1/15/2001 43 2/15/2001 44 3/15/2001 45 4/15/2001 46 5/15/2001 47 6/15/2001 48 7/15/2001 49 8/15/2001 50 9/15/2001 51 10/15/2001 52 11/15/2001 53 12/15/2001 54 1/15/2002 55 2/15/2002 56 3/15/2002 57 4/15/2002 58 5/15/2002 59 6/15/2002 60 7/15/2002 Outstanding as of June 30, 1999 Principal Total Interest Payment Total Debt Service Payable Beginning Balance 113,618.24 109,303.23 104,969.70 100,617.57 96,246.77 91,857.21 87,448.81 83,021.49 78,575.17 74,109.77 69,625.20 65,121.39 60,598.25 56,055.70 51,493.65 46,912.02 42,310.73 37,689.69 33,048.82 28,388.03 23,707.24 19,006.36 14,285.31 9,544.00 4,782.34 Interest 487.61 469.09 450.49 431.82 413.06 394.22 375.30 356.30 337.22 318.05 298.81 279.48 260.07 240.57 220.99 201.33 181.58 161.75 141.83 121.83 101.74 81.57 61.31 40.96 20.52 6,447.50 Principal 4,315.01 4,333.53 4,352.13 4,370.80 4,389.56 4,408.40 4,427.32 4,446.32 4,465.40 4,484.57 4,503.81 4,523.14 4,542.55 4,562.05 4,581.63 4,601.29 4,621.04 4,640.87 4,660.79 4,680.79 4,700.88 4,721.05 4,741.31 4,761.66 4,782.34 113,618.24 Ending Balance 109,303.23 104,969.70 100,617.57 96,246.77 91,857.21 87,448.81 83,021.49 78,575.17 74,109.77 69,625.20 65,121.39 60,598.25 56,055.70 51,493.65 46,912.02 42,310.73 37,689.69 33,048.82 28,388.03 23,707.24 19,006.36 14,285.31 9,544.00 4,782.34 0.00 $4,802.62 Fiscal Year Ended 6/30 Cumulative Interest Principal Interest Total 28,627.55 29,096.64 29,547.13 29,978.95 30,392.01 30,786.23 31,161.53 31,517.83 31,855.05 32,173.10 32,471.91 32,751.39 53,019.99 4,611.45 57,631.44 33,011.46 33,252.03 33,473.02 33,674.35 33,855.93 34,017.68 34,159.51 34,281.34 34,383.08 34,464.65 34,525.96 34,566.92 34,587.44 60,598.25 1,836.05 62,434.30 113,618.24 6,447.50 120,065.74 87 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: Maricopa Medical Center 900 CS956057 Beds LOAN DATA PERIODIC PAYMENT Calculated payment: Loan amount: $1,396,400.66 Annual interest rate: 4.73730% Term in years: 4 Payments per year: 12 First payment due: 5/1/1998 AMORTIZATION SCHEDULE Payment No. Date 28 8/1/2000 29 9/1/2000 30 10/1/2000 31 11/1/2000 32 12/1/2000 33 1/1/2001 34 2/1/2001 35 3/1/2001 36 4/1/2001 37 5/1/2001 38 6/1/2001 39 7/1/2001 40 8/1/2001 41 9/1/2001 42 10/1/2001 43 11/1/2001 44 12/1/2001 45 1/1/2002 46 2/1/2002 $33,255.96 Fiscal Year Ended 6/30 Beginning Balance 607,593.02 576,735.69 545,756.54 514,655.09 483,430.86 452,083.36 420,612.11 389,016.62 357,296.40 325,450.96 293,479.80 261,382.42 229,158.33 196,807.03 164,328.01 131,720.78 98,984.82 66,119.63 33,124.69 Interest 2,398.63 2,276.81 2,154.51 2,031.73 1,908.46 1,784.71 1,660.47 1,535.74 1,410.52 1,284.80 1,158.58 1,031.87 904.66 776.94 648.73 520.00 390.77 261.02 130.77 24,269.72 Principal 30,857.33 30,979.15 31,101.45 31,224.23 31,347.50 31,471.25 31,595.49 31,720.22 31,845.44 31,971.16 32,097.38 32,224.09 32,351.30 32,479.02 32,607.23 32,735.96 32,865.19 32,994.94 33,124.69 607,593.02 Ending Balance 576,735.69 545,756.54 514,655.09 483,430.86 452,083.36 420,612.11 389,016.62 357,296.40 325,450.96 293,479.80 261,382.42 229,158.33 196,807.03 164,328.01 131,720.78 98,984.82 66,119.63 33,124.69 0.00 Cumulative Interest 111,501.91 113,778.72 115,933.23 117,964.96 119,873.42 121,658.13 123,318.60 124,854.34 126,264.86 127,549.66 128,708.24 129,740.11 130,644.77 131,421.71 132,070.44 132,590.44 132,981.21 133,242.23 133,373.00 Principal Interest Total 378,434.69 20,636.83 399,071.52 229,158.33 3,632.89 232,791.22 Outstanding as of June 30, 2000 Principal 607,593.02 Total Interest Payment 24,269.72 Total Debt Service Payable 631,862.74 July 1, 2000 payment was made in fiscal year 2000. 88 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: Maricopa Medical Center - Radiology County Agency: Contract Number: Lease Description: 900 CS966028 Mammogram LOAN DATA PERIODIC PAYMENT Loan amount: $61,799.00 Annual interest rate: 6.4100% Term in years: 5 Payments per year: 12 First payment due: 8/1/1995 AMORTIZATION TABLE Payment No. Date 60 7/1/2000 Outstanding as of June 30, 2000 Principal Total Interest Payment Total Debt Service Payable Beginning Balance 1,200.54 Calculated payment: Interest 6.36 6.36 Principal 1,200.20 1,200.20 Ending Balance 0.34 $1,206.56 Cumulative Interest 10,594.89 Fiscal Year Ended 6/30 Principal Interest Total 1,200.20 6.36 1,206.56 1,200.20 6.36 1,206.56 89 Maricopa County, Arizona Debt Management Division Department of Finance This page intentionally left blank. 90 Maricopa County, Arizona Debt Management Division Department of Finance