Debt Management Plan Fiscal Year Ended June 30, 2002 Rin skM an ao e rtment g An u alRep Maricopa County, Arizona Department of Finance Maricopa County, Arizona Debt Management Plan Table of Contents 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 Special Assessment Bonds............................................................................................................................ 5 Certificates of Participation (COP)............................................................................................................. 5 Lease-Purchase.............................................................................................................................................. 6 Installment Purchase Agreement ................................................................................................................ 6 Debt Limit ..................................................................................................................................................... 6 Rating Agency Analysis ............................................................................................................................... 6 History of Debt Rating ................................................................................................................................. 8 Ratio Analysis ............................................................................................................................................... 8 General Obligation Bonds ......................................................................................................................... 10 Lease Revenue Bonds ................................................................................................................................. 12 Stadium District.......................................................................................................................................... 12 Special Assessment Districts ...................................................................................................................... 16 Housing Department .................................................................................................................................. 17 Certificates of Participation....................................................................................................................... 19 Capital Leases (Lease-Purchase Obligations) .......................................................................................... 20 i Maricopa County, Arizona Debt Management Division Department of Finance Installment Purchase Contracts Payable.................................................................................................. 21 DEBT POLICIES ................................................................................................ 25 Administration of Policy ............................................................................................................................ 25 Use of Debt Financing ................................................................................................................................ 25 Method of Sale ............................................................................................................................................ 25 Competitive Sale ......................................................................................................................................... 25 Negotiated Sale ........................................................................................................................................... 26 Use of Bond Insurance ............................................................................................................................... 26 Arbitrage Liability Management .............................................................................................................. 26 Selection of Professional Services.............................................................................................................. 27 Continuing Disclosure of County Financial Information........................................................................ 27 Maturity Structures.................................................................................................................................... 28 Ratings......................................................................................................................................................... 29 Modification to Policies.............................................................................................................................. 29 INDIVIDUAL DEBT SERVICE SCHEDULES..................................................... 33 ii Maricopa County, Arizona Debt Management Division Department of Finance INTRODUCTION TO DEBT Debt Management Plan 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, 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, 2002. 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, 2002. 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, 2002. LONG-TERM LIABILITIES All Categories of Debt (3) Maricopa County, Arizona As of June 30, 2002 Year Ended June 30 1998 1999 2000 2001 2002 GOVERNMENTAL ACTIVITES: Bonds, loans and other payables: General obligation bonds Lease revenue bonds Stadium District (1 & 2) $137,215,000 $119,045,000 $99,910,000 $79,595,000 $58,370,000 0 0 0 104,355,000 104,355,000 32,275,185 29,749,685 25,504,259 28,658,512 58,225,000 31,875,000 31,075,000 29,125,000 27,935,000 0 546,798 996,939 729,448 589,431 458,977 Stadium District debt with governmental commitment (1) Special assessment debt with governmental commitment (1) Housing department bonds 124,203 110,090 95,975 81,862 64,925 Housing department loans 2,187,594 2,085,653 1,976,984 1,861,500 1,754,922 Certificates of Participation 23,998,943 20,667,686 17,222,210 13,575,118 9,804,315 Capital leases 17,684,054 17,633,952 18,121,511 14,225,356 19,442,376 $245,906,777 $221,364,005 $192,685,387 $270,876,779 $252,475,515 0 0 0 20,500,000 20,500,000 Total Governmental activities BUSINESS-TYPE ACTIVITES: Bonds and other payables: Lease revenue bonds Certificates of participation 2,940,289 1,058,574 5,666,171 11,824,853 11,768,519 Capital leases 1,989,402 1,125,158 608,794 229,159 0 Installment purchase agreements Total Business-type activities 0 0 0 3,023,111 2,607,815 $4,929,691 $2,183,732 $6,274,965 $35,577,123 $34,876,334 Notes: (1) Does not represent an obligation of the County. (2) Stadium District contractual obligation of $7,888,888 has been excluded from the above schedule for fiscal year 2002. (3) Long-term liabilities excludes claims and judgements, reported and incurred but not reported claims, and liabilities for closure and postclosure costs. 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 significant 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 3 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan the expenditure is made. If the jurisdiction is forced to finance the 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 funds 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. 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. 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 must be approved by the Board of Supervisors. The County last utilized a line of credit in the amount of $65 million, which was paid in full on August 23, 1994. 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, Article 3, for new GO bonds and Title 35, Chapter 3, Article 4 for refunding bonds. An issuer selling a 4 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan 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 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 the 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 these revenues are generated by the project funded out of debt proceeds. Revenue bonds are designed to be self-supporting through user fees or other special revenues. 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. 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. 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 5 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan 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. Installment Purchase Agreement Same as a lease purchase agreement with the exception that the County takes title to the property up front. 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. 2001-02 Constitutional General Obligation Bonding Capacity Maricopa County, Arizona 2001-02 Secondary Assessed Valuation 15% of Secondary Assessed Valuation Less: GO Bonded Debt Outstanding Plus: GO Debt Service Fund Balance Unused Fifteen Percent Borrowing Capacity $ 22,913,134,480 $ 3,436,970,172 (58,370,000) 773,917 3,379,374,089 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 6 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan 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 Ratings 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: • • • • • 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 bond ratings from Fitch Ratings and Moody’s Investors Service on December 4, 2001, and December 6, 2001, respectively. Moody’s Investors Service Press Release dated December 6, 2001, states that the bond rating “reflects the county’s well managed financial position, a large and diverse economic base, which continues to experience significant growth but at a slower rate than previously, a low debt position and continued exposure to operational risk at Maricopa Integrated Health Systems. The stable rating outlook reflects our belief that the county will continue to implement prudent strategies designed to limit its financial exposure to the medical center as well as maintain stable operations through careful financial planning.” The following illustrates a history of the County’s various debt ratings. Type of Debt Fitch Date Rating Assigned Moody's AA AA 12/4/01 4/5/00 Aa3 Aa3 12/6/01 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) Bonds are insured, no underlying rating. 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 8 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan 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 the per capita value of taxable property in the County. An explanation of how each ratio is calculated is included in the notes. 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 6/30/01 $79,595,000 Audited 6/30/02 $58,370,000 Projected 6/30/03 $39,515,000 Projected 6/30/04 $20,165,000 0 104,355,000 13,575,118 14,454,515 $211,979,633 4,999,831,866 $5,211,811,499 (773,917) 104,355,000 9,804,315 19,442,376 $191,197,774 4,901,854,926 $5,093,052,700 0 91,558,756 5,808,084 14,915,333 $151,797,173 5,000,000,000 $5,151,797,173 0 78,031,179 1,672,206 10,571,632 $110,440,017 5,000,000,000 $5,110,440,017 3,072,149 $160,906,987 3,192,125 $180,653,046 3,303,849 $196,911,820 3,419,484 $214,633,884 $69.00 $59.90 $45.95 $32.30 $1,696.47 $1,595.51 $1,559.33 $1,494.51 Direct Net Debt As Percentage Of Full Value Property .1317% .1058% .0771% .0515% Overall Net Debt As % Of FV Property 3.24% 2.82% 2.62% 2.38% $52,376.04 $56,593.35 $55,600.73 $62,767.92 GOVERNMENTAL ACTIVITES General Obligation Less: Amount avail. for Retirement of General Obligation Debt Lease Revenue Bonds Certificate of Participation Capital Leases 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 0% increase for 2003 and 2004, and rounded to $5 million. (2) Source: Arizona Department of Economic Security. Projection for 2003 and 2004 was based on a 3.50% growth rate. (3) Taxable Property Estimates: 2002 provided by the Assessor’s Office; 2003 and 2004 based on 9% 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 section of the Debt Management Plan contains 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 the 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. Refunded and Refinanced Obligations – On December 1, 2001, the County issued general obligation bonds of $20,165,000 (par value) with an interest rate of 4% to current refund term bonds from the 1986 Bond Issue Series D (1993) with an interest rate of 4.875% and a par value of $20,000,000. The term bonds would have matured on July 4, 2004, and were redeemed on January 1, 2002. The general obligation bonds were issued at a premium of $425,280, and accrued interest of $38,089. After paying issuance costs of $102,780, the net proceeds were $20,525,589. The net proceeds from the issuance of the general obligation bonds were used to current refund the term bonds redeemed on January 1, 2002. As a result of the current refunding, the County reduced its total debt service requirements by $714,372, which resulted in an economic gain (difference between the present value of the debt service payments on the old and new debt) of $708,166. Legal Debt Margin – County indebtedness pertaining to general obligation bonds may not exceed six percent of the value of the County’s taxable property ascertained by the last assessment. However, with voter approval, the County may become indebted for an amount not to exceed 15 percent of such taxable property. At June 30, 2002, the County net general obligation debt was $57,596,083, (0.25% of taxable property), while the 6 percent limit was $1,374,788,069 and the 15 percent limit was $3,436,970,172. 10 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan 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, 2002 Year Ended June 30 2003 2004 2005 TOTAL Principal 18,855,000 19,350,000 20,165,000 $ 58,370,000 Interest 2,634,209 1,401,975 403,300 $ 4,439,484 $ $ Debt Service 21,489,209 20,751,975 20,568,300 $ 62,809,484 $ SUMMARY OF PRINCIPAL AMOUNT OUTSTANDING BY ISSUE As of June 30, 2002 Bond Issue 1986 Bond Issue – Series D (1993) 1992 Bond Issue – Refunding 1992 Bond Issue – Refunding 1994 Bond Issue – Refunding (1994A Tax Exempt) 1995 Bond Issue – Refunding 2001 Bond Issue – Refunding TOTAL $ $ Amount 2,000,000 950,000 34,250,000 335,000 670,000 20,165,000 58,370,000 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 2003 2004 2005 11 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan Lease Revenue Bonds On June 1, 2001, Maricopa County Public Finance Corporation issued $124,855,000 of Lease Revenue Bonds to pay for the acquisition, construction and equipment for the Public Service Building, Forensic Science Center, Superior Court Customer Service Center, parking garages and related projects. Under the terms of the bond indentures the Corporation received the proceeds to construct and purchase these assets and the County will make lease payments to extinguish the debt. Lease payments will equal the aggregate amount of principal and interest due at the date. Upon the final lease payment, the title to the assets will transfer to the County. The County’s obligation to make lease payments will be subject to and dependent upon annual appropriations being made by the County. Lease Revenue Bonds Year Ended June 30 Governmental Activities 2003 2004 2005 2006 2007 2008 – 12 2013 – 16 Total principal and interest Amount representing interest Total payable at June 30, 2002 $ 17,818,047 17,955,266 8,807,477 8,807,644 8,813,766 44,121,511 35,226,301 $141,550,012 (37,195,012) $104,355,000 Business-Type Activities $ 3,500,263 3,527,219 1,730,183 1,730,216 1,731,419 8,667,440 6,920,025 $27,806,765 (7,306,765) $20,500,000 Total Debt Service $ 21,318,310 21,482,485 10,537,660 10,537,860 10,545,185 52,788,951 42,146,326 $ 169,356,777 (44,501,777) $ 124,855,000 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 Arizona as part of the Cactus League: California Angels, Chicago Cubs, 12 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan 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., 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. Refunded and Refinanced Obligations – On June 5, 2002 the Stadium District issued $58,225,000 (par value) of Revenue Refunding Bonds, Series 2002 dated June 1, 2002 with an average interest rate of 5.23%. The Stadium District revenue bonds were issued at a premium of $3,115,977 and accrued interest of $32,634. The proceeds were used to prepay and redeem the following obligations and fund debt service reserves. Net proceeds of $20,071,107 were used to prepay the 1993 Peoria IGA. Under the terms of an Intergovernmental Agreement (IGA) dated June 1, 1993, among the Stadium District, the City of Peoria (Peoria), and the City of Peoria Municipal Sports Complex Authority (Peoria Authority), the Authority issued revenue bonds to construct the Peoria Sports Complex. The District was obligated to Peoria from car rental surcharge revenues sufficient to pay the debt service on the Authority bonds. The Authority’s bonds were issued at taxable rates, with remaining interest ranging from 6.75% to 7.70% and the outstanding principal was $18,375,000. All requirements under the IGA have been met and the liability has been removed from the government-wide financial statements. Net proceeds of $8,522,524 were used to prepay the 1996 Mesa IGA. Under the terms of an IGA, dated April 1, 1996 between the Stadium District and the City of Mesa (Mesa), the Stadium District was obligated to make payments to Mesa based on the Stadium District’s net revenue from the car rental surcharge. Mesa in turn used the revenue to pay debt service on bonds issued by the City of Mesa Municipal Development 13 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan Corporation, the proceeds of which were used to construct the Hohokam Stadium. The City of Mesa Municipal Development Corporation bonds were issued at a variable interest rate and were remarked on an annual basis. The outstanding principal was $8,350,000. All requirements under the IGA have been met and the liability has been removed from the government-wide financial statements. Second Subordinate Capital Appreciation Net Revenue Bonds – Net proceeds of $7,838,344 were used to redeem and retire the outstanding principal and compound accreted value of the Stadium District’s Second Subordinate Capital Appreciation Net Revenue Bonds, dated March 10, 1997. The interest rate on the bonds ranged from 6.26% to 8.77%. The bonds were called upon delivery of the 2002 Bonds, and the liability has been removed from the government-wide financial statements. Senior Bonds – Net proceeds of $20,958,595 were used to advance refund $10,265,000 of outstanding Revenue Bonds Series 1993A Bonds (issued 1993) with interest rates 5.1% to 5.5%, to advance refund $1,375,000 of outstanding Revenue Bonds Series 1993B (issue 1993) with interest rates 4.7% to 4.75%, and to advance refund $8,565,000 of outstanding Revenue Bonds, Series 1996 Bonds (issue 1996) with interest rates of 5.0% to 5.75%. Net proceeds of $20,958,595 (after payment of underwriting fees, insurance, and other issuance costs) plus an additional $750,000 of Stadium District monies used to purchase U.S. Government securities. The securities were deposited in an irrevocable trust with an escrow agent to provide for all future debt service payments on the refunded bonds until the refunded bonds are called (repaid by trustee) on July 1, 2003 for the Series 1993 A, July 1, 2002, and July 1, 2003 for the Series 1993B and July 1, 2006 for the Series 1996. As a result, the total $20,205,000 refunded Series 1993A, Series 1993B and Series 1996 bonds are considered to be defeased and the liability for those bonds has been removed from the government-wide financial statements. Advance refunding the bonds was undertaken to reduce the Stadium District’s total debt service payments by $92,509 and provided an economic gain (difference between the present values of the debt service payments on the old and new debt) of $66,672. 14 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan The following tables illustrate the existing debt service for the outstanding Stadium District Revenue Bonds. DEBT SERVICE REQUIREMENTS TO MATURITY Stadium District Revenue Bonds Maricopa County, Arizona As of June 30, 2002 Year Ended June 30 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 TOTAL Principal $ 1,000,000 2,000,000 2,490,000 2,685,000 2,820,000 2,960,000 3,105,000 3,260,000 3,390,000 3,570,000 3,760,000 3,960,000 4,170,000 4,395,000 4,635,000 4,880,000 5,145,000 $ 58,225,000 $ $ Interest 2,937,094 2,912,094 2,862,094 2,737,594 2,603,344 2,462,344 2,314,344 2,159,094 2,028,694 1,850,719 1,663,294 1,461,194 1,248,344 1,024,206 787,975 538,844 276,544 31,867,813 Total Debt Service $ 3,937,094 4,912,094 5,352,094 5,422,594 5,423,344 5,422,344 5,419,344 5,419,094 5,418,694 5,420,719 5,423,294 5,421,194 5,418,344 5,419,206 5,422,975 5,418,844 5,421,544 $ 90,092,813 SUMMARY OF PRINCIPAL AMOUNT OUTSTANDING BY ISSUE As of June 30, 2002 Bond Issue Total Stadium District Revenue Bonds, Series 2002 15 $ Amount 58,225,000 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan DEBT SERVICE REQUIREMENTS Stadium District Revenue Bonds Interest Principal $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 2019 2017 2015 2013 2011 2009 2007 2005 $0 2003 $1,000,000 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 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 16 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan 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 Special Assessment District Bonds. SUMMARY OF PRINCIPAL AMOUNT OUTSTANDING BY ISSUE As of June 30, 2002 Bond Issue Grandview Manor Queen Creek Water Fairview Lane East Fairview Lane White Fence Farms 104th Place/University Drive Central Avenue Billings Street Marquerite Drive TOTAL Amount 40,513 113,801 7,532 19,016 49,722 26,572 137,360 3,791 60,670 $ 458,977 $ Housing Department These bonds are due annually in varying principal and interest amounts, and are payable from Federal government subsidies. 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, 2002 Year Ended June 30 2003 2004 2005 2006 TOTAL Principal $ 14,114 16,937 16,937 16,937 $ 64,925 17 Interest $ 2,242 1,641 985 328 $ 5,196 Total Debt Service $ 16,356 18,578 17,922 17,265 $ 70,121 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan DEBT SERVICE REQUIREMENTS Housing Department Bonds Interest $20,000 Principal $15,000 $10,000 2006 2005 2004 $0 2003 $5,000 DEBT SERVICE REQUIREMENTS TO MATURITY Housing Department Loans Payable Maricopa County, Arizona As of June 30, 2002 Year Ended June 30 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 TOTAL Principal $ 113,612 121,110 128,829 137,606 146,688 156,369 166,518 177,680 189,407 201,908 215,195 $ 1,754,922 $ $ Interest 115,825 106,326 100,608 91,831 82,749 73,067 62,919 51,756 40,029 27,529 14,242 766,881 Total Debt Service $ 229,437 227,436 229,437 229,437 229,437 229,436 229,437 229,436 229,436 229,437 229,437 $ 2,521,803 The Housing Department loans payable at June 30, 2002, consisted of the following outstanding notes. The Department sold notes to the Federal Financing Bank. These notes will be repaid through Federal government subsidies. 18 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan DEBT SERVICE REQUIREMENTS Housing Department Loans Payable $250,000 Interest Principal $200,000 $150,000 $100,000 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 $0 2003 $50,000 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 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 Public Finance Corporation 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 Public Finance Corporation 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 Public Finance Corporation issued $5,300,000 of Certificates of Participation to pay for the cost of construction for the Avondale Family Health Center. 19 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan On November 1, 2000, Maricopa County Public Finance Corporation issued $6,975,000 of Certificates of Participation to pay for the cost of construction for the Desert Vista 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, 2002 Year Ended June 30 2003 2004 2005 2006 2007 2008-12 2013-16 Total principal and interest Amount representing interest Total payable at June 30, 2002 Governmental Activities $ 4,580,727 4,482,260 326,120 326,695 327,081 1,096,668 0 $ 11,139,551 (1,335,236) $ 9,804,315 Business-Type Activities $ 1,463,190 1,464,254 1,424,521 1,427,114 1,424,616 6,302,710 2,705,010 $ 16,211,416 (4,442,897) $ 11,768,519 Total Debt Service $ 6,043,917 5,946,514 1,750,641 1,753,809 1,751,697 7,399,378 2,705,010 $ 27,350,966 (5,778,133) $ 21,572,834 SUMMARY OF PRINCIPAL AMOUNT OUTSTANDING BY ISSUE As of June 30, 2002 Certificate of Participation Issues Series 1993 Certificates of Participation Series 1994 Certificates of Participation Series 1996 Certificates of Participation Series 2000 Certificates of Participation Series 2000 Certificates of Participation TOTAL Amount 790,000 7,510,000 1,726,834 5,006,000 6,540,000 $ 21,572,834 $ 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). 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, lease20 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan purchase agreements are considered long-term obligations for policy planning purposes, regardless of the legal structure. The County maintains several capital leases, with four leases accounting for the majority of the balance. The departments and leased equipment include General Government SmartZone radio system, a Sheriff’s helicopter, Facilities Management energy savings retrofit and Superior Court modular building. 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 as of June 30, 2002. Capital Leases Maricopa County, Arizona Fiscal Year Ended June 30, 2002 2003 2004 2005 2006 2007 2008 – 12 Total minimum lease payments Less: Amount representing interest Present value of net minimum lease payments $ 5,418,806 4,958,982 4,449,210 2,536,192 993,578 3,951,791 22,308,560 (2,866,184) $ 19,442,376 Installment Purchase Contracts Payable The County has entered into installment purchase contracts payable for the acquisition of medical equipment used in the Medical Center Fund (Business-type Activities), at a total purchase price of $3,278,464. The future minimum payments required under the contracts at June 30, 2002, including interest varying from 4.50 to 5.82 percent, are as follows. Installment Purchase Contracts Payable Maricopa County, Arizona Fiscal Year Ended June 30, 2002 2003 2004 2005 2006 2007 2008 Total minimum lease payments Less: Amount representing interest Present value of net minimum lease payments 21 $ $ 555,306 555,306 555,306 555,306 555,306 195,464 2,971,994 (364,179) 2,607,815 Maricopa County, Arizona Debt Management Division Department of Finance DEBT POLICIES Debt Management Plan 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 25 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan efforts, or factors are present that are expected to result in an insufficient number or competitive bids. 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 26 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan 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 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. 27 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan 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. Copies of official statements for future issuance’s of its bonds will be available through the following recognized municipal repositories: Bloomberg Municipal Repositories 100 Business Park Drive Skillman, NJ 08558 Phone: (609) 279-3225 Fax: (609) 279-5962 Email: Munis@Bloomberg.com DPC Data Inc. One Executive Drive Fort Lee, NJ 07024 Phone: (201) 346-0701 Fax: (201) 947-0107 Email: nrmsir@dpcdata.com FT Interactive Data Attn: NRMSIR 100 Williams Street New York, NY 10038 Phone (212) 771-6999 Fax: (212) 771-7390 Email: NRMSIR@FTID.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. 28 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 Administrative Officer. Significant policy changes will be presented to the Board of Supervisors for approval. 29 Maricopa County, Arizona Debt Management Division Department of Finance INDIVIDUAL DEBT SERVICE SCHEDULES Debt Management Plan INDIVIDUAL DEBT SERVICE SCHEDULES GENERAL OBLIGATION LEASE REVENUE BONDS STADIUM DISTRICT SPECIAL ASSESSMENT HOUSING DEPARTMENT BONDS HOUSING DEPARTMENT LOANS PAYABLE CERTIFICATES OF PARTICIPATION CAPITAL LEASES INSTALLMENT PURCHASE CONTRACTS PAYABLE 33 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 7/1/2002 1/1/2003 7/1/2003 1/1/2004 7/1/2004 1/1/2005 $ $ PRINCIPAL 18,855,000.00 19,350,000.00 20,165,000.00 58,370,000.00 $ $ INTEREST 1,635,534.17 998,675.00 998,675.00 403,300.00 403,300.00 4,439,484.17 34 PERIOD TOTAL $ 20,490,534.17 998,675.00 20,348,675.00 403,300.00 20,568,300.00 $ 62,809,484.17 FISCAL TOTAL 21,489,209.17 20,751,975.00 20,568,300.00 $ 62,809,484.17 $ 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 7/1/2002 1/1/2003 7/1/2003 1/1/2004 $ $ PRINCIPAL 1,000,000.00 1,000,000.00 2,000,000.00 RATE 4.600% $ 4.700% $ INTEREST 46,500.00 23,500.00 23,500.00 93,500.00 35 $ $ PERIOD TOTAL 1,046,500.00 23,500.00 1,023,500.00 2,093,500.00 FISCAL TOTAL $ $ 1,070,000.00 1,023,500.00 2,093,500.00 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $68,500,000 MARICOPA COUNTY, ARIZONA 1992 BOND ISSUE - REFUNDING FIRST SERIES GENERAL OBLIGATION BOND REDEMPTION SCHEDULE DATE 7/1/2002 1/1/2003 7/1/2003 $ 1/1/2004 $ PRINCIPAL 700,000.00 250,000.00 950,000.00 RATE 5.000% $ 5.000% INTEREST 23,750.00 6,250.00 6,250.00 36,250.00 $ 36 $ $ PERIOD TOTAL 723,750.00 6,250.00 256,250.00 986,250.00 FISCAL TOTAL $ $ 730,000.00 256,250.00 986,250.00 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $67,500,000 MARICOPA COUNTY , ARIZONA 1992 BOND ISSUE - REFUNDING SECOND SERIES GENERAL OBLIGATION BOND REDEMPTION SCHEDULE DATE 7/1/2002 1/1/2003 7/1/2003 $ 1/1/2004 $ PRINCIPAL 16,150,000.00 18,100,000.00 34,250,000.00 RATE 6.250% $ 6.250% $ INTEREST 1,070,312.50 565,625.00 565,625.00 2,201,562.50 37 $ $ PERIOD TOTAL 17,220,312.50 565,625.00 18,665,625.00 36,451,562.50 FISCAL TOTAL $ $ 17,785,937.50 18,665,625.00 36,451,562.50 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $9,220,000 MARICOPA COUNTY, ARIZONA 1994 BOND ISSUE - REFUNDING (94-A TAX EXEMPT) GENERAL OBLIGATION BOND REDEMPTION SCHEDULE DATE 7/1/2002 $ $ PRINCIPAL 335,000.00 335,000.00 RATE 5.200% $ $ INTEREST 8,710.00 8,710.00 38 $ $ PERIOD TOTAL 343,710.00 343,710.00 $ $ FISCAL TOTAL 343,710.00 343,710.00 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $17,320,000 MARICOPA COUNTY, ARIZONA 1995 BOND ISSUE - REFUNDING GENERAL OBLIGATION BOND REDEMPTION SCHEDULE DATE 7/1/2002 $ $ PRINCIPAL 670,000.00 670,000.00 RATE 4.700% $ $ INTEREST 15,745.00 15,745.00 39 $ $ PERIOD TOTAL 685,745.00 685,745.00 $ $ FISCAL TOTAL 685,745.00 685,745.00 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $20,165,000 MARICOPA COUNTY, ARIZONA 2001 BOND ISSUE - REFUNDING GENERAL OBLIGATION BOND REDEMPTION SCHEDULE DATE 7/1/2002 1/1/2003 7/1/2003 PRINCIPAL $ 1/1/2004 7/1/2004 1/1/2005 $ 20,165,000.00 20,165,000.00 RATE 4.000% $ 4.000% 4.000% $ INTEREST 470,516.67 403,300.00 403,300.00 403,300.00 403,300.00 2,083,716.67 40 $ $ PERIOD TOTAL 470,516.67 403,300.00 403,300.00 403,300.00 20,568,300.00 22,248,716.67 FISCAL TOTAL $ $ 873,816.67 806,600.00 20,568,300.00 22,248,716.67 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan MARICOPA COUNTY, ARIZONA CALCULATED TOTAL OF ALL LEASE REVENUE BONDS REDEMPTION SCHEDULE DATE 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 $ $ PRINCIPAL 15,310,000.00 16,185,000.00 5,780,000.00 6,065,000.00 6,385,000.00 6,740,000.00 7,020,000.00 7,395,000.00 7,830,000.00 8,265,000.00 8,710,000.00 9,205,000.00 9,700,000.00 10,265,000.00 124,855,000.00 $ $ INTEREST 3,157,255.00 2,851,055.00 2,851,055.00 2,446,430.00 2,446,430.00 2,311,230.00 2,311,230.00 2,161,630.00 2,161,630.00 1,998,555.00 1,998,555.00 1,855,936.25 1,855,936.25 1,671,067.50 1,671,067.50 1,470,830.00 1,470,830.00 1,256,615.00 1,256,615.00 1,031,500.00 1,031,500.00 796,012.50 796,012.50 542,875.00 542,875.00 278,525.00 278,525.00 44,501,777.50 41 PERIOD TOTAL 18,467,255.00 2,851,055.00 19,036,055.00 2,446,430.00 8,226,430.00 2,311,230.00 8,376,230.00 2,161,630.00 8,546,630.00 1,998,555.00 8,738,555.00 1,855,936.25 8,875,936.25 1,671,067.50 9,066,067.50 1,470,830.00 9,300,830.00 1,256,615.00 9,521,615.00 1,031,500.00 9,741,500.00 796,012.50 10,001,012.50 542,875.00 10,242,875.00 278,525.00 10,543,525.00 $ 169,356,777.50 $ FISCAL TOTAL 21,318,310.00 21,482,485.00 10,537,660.00 10,537,860.00 10,545,185.00 10,594,491.25 10,547,003.75 10,536,897.50 10,557,445.00 10,553,115.00 10,537,512.50 10,543,887.50 10,521,400.00 10,543,525.00 $ 169,356,777.50 $ Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $124,844,000 MARICOPA COUNTY, ARIZONA LEASE REVENUE BONDS, SERIES 2001 LEASE REVENUE BONDS REDEMPTION SCHEDULE DATE 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 $ $ PRINCIPAL 15,310,000.00 16,185,000.00 5,780,000.00 6,065,000.00 6,385,000.00 6,740,000.00 7,020,000.00 7,395,000.00 7,830,000.00 8,265,000.00 8,710,000.00 9,205,000.00 9,700,000.00 10,265,000.00 124,855,000.00 $ $ INTEREST 3,157,255.00 2,851,055.00 2,851,055.00 2,446,430.00 2,446,430.00 2,311,230.00 2,311,230.00 2,161,630.00 2,161,630.00 1,998,555.00 1,998,555.00 1,855,936.25 1,855,936.25 1,671,067.50 1,671,067.50 1,470,830.00 1,470,830.00 1,256,615.00 1,256,615.00 1,031,500.00 1,031,500.00 796,012.50 796,012.50 542,875.00 542,875.00 278,525.00 278,525.00 44,501,777.50 42 PERIOD TOTAL 18,467,255.00 2,851,055.00 19,036,055.00 2,446,430.00 8,226,430.00 2,311,230.00 8,376,230.00 2,161,630.00 8,546,630.00 1,998,555.00 8,738,555.00 1,855,936.25 8,875,936.25 1,671,067.50 9,066,067.50 1,470,830.00 9,300,830.00 1,256,615.00 9,521,615.00 1,031,500.00 9,741,500.00 796,012.50 10,001,012.50 542,875.00 10,242,875.00 278,525.00 10,543,525.00 $ 169,356,777.50 $ FISCAL TOTAL 21,318,310.00 21,482,485.00 10,537,660.00 10,537,860.00 10,545,185.00 10,594,491.25 10,547,003.75 10,536,897.50 10,557,445.00 10,553,115.00 10,537,512.50 10,543,887.50 10,521,400.00 10,543,525.00 $ 169,356,777.50 $ 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 12/1/2002 06/1/2003 12/1/2003 06/1/2004 12/1/2004 06/1/2005 12/1/2005 06/1/2006 12/1/2006 06/1/2007 12/1/2007 06/1/2008 12/1/2008 06/1/2009 12/1/2009 06/1/2010 12/1/2010 06/1/2011 12/1/2011 06/1/2012 12/1/2012 06/1/2013 12/1/2013 06/1/2014 12/1/2014 06/1/2015 12/1/2015 06/1/2016 12/1/2016 06/1/2017 12/1/2017 06/1/2018 12/1/2018 06/1/2019 PRINCIPAL $ $ 1,000,000.00 2,000,000.00 2,490,000.00 2,685,000.00 2,820,000.00 2,960,000.00 3,105,000.00 3,260,000.00 3,390,000.00 3,570,000.00 3,760,000.00 3,960,000.00 4,170,000.00 4,395,000.00 4,635,000.00 4,880,000.00 5,145,000.00 58,225,000.00 $ $ INTEREST 1,468,546.88 1,468,546.88 1,456,046.88 1,456,046.88 1,431,046.88 1,431,046.88 1,368,796.88 1,368,796.88 1,301,671.88 1,301,671.88 1,231,171.88 1,231,171.88 1,157,171.88 1,157,171.88 1,079,546.88 1,079,546.88 1,014,346.88 1,014,346.88 925,359.38 925,359.38 831,646.88 831,646.88 730,596.88 730,596.88 624,171.88 624,171.88 512,103.13 512,103.13 393,987.51 393,987.51 269,421.88 269,421.88 138,271.88 138,271.88 31,867,812.68 43 $ $ PERIOD TOTAL 1,468,546.88 2,468,546.88 1,456,046.88 3,456,046.88 1,431,046.88 3,921,046.88 1,368,796.88 4,053,796.88 1,301,671.88 4,121,671.88 1,231,171.88 4,191,171.88 1,157,171.88 4,262,171.88 1,079,546.88 4,339,546.88 1,014,346.88 4,404,346.88 925,359.38 4,495,359.38 831,646.88 4,591,646.88 730,596.88 4,690,596.88 624,171.88 4,794,171.88 512,103.13 4,907,103.13 393,987.51 5,028,987.51 269,421.88 5,149,421.88 138,271.88 5,283,271.88 90,092,812.68 FISCAL TOTAL $ $ 3,937,093.76 4,912,093.76 5,352,093.76 5,422,593.76 5,423,343.76 5,422,343.76 5,419,343.76 5,419,093.76 5,418,693.76 5,420,718.76 5,423,293.76 5,421,193.76 5,418,343.76 5,419,206.26 5,422,975.02 5,418,843.76 5,421,543.76 90,092,812.68 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $58,225,000 MARICOPA COUNTY, ARIZONA REVENUE REFUNDING BOND, SERIES 2002 STADIUM DISTRICT BOND REDEMPTION SCHEDULE DATE 12/1/2002 06/1/2003 12/1/2003 06/1/2004 12/1/2004 06/1/2005 12/1/2005 06/1/2006 12/1/2006 06/1/2007 12/1/2007 06/1/2008 12/1/2008 06/1/2009 12/1/2009 06/1/2010 12/1/2010 06/1/2011 12/1/2011 06/1/2012 12/1/2012 06/1/2013 12/1/2013 06/1/2014 12/1/2014 06/1/2015 12/1/2015 06/1/2016 12/1/2016 06/1/2017 12/1/2017 06/1/2018 12/1/2018 06/1/2019 PRINCIPAL $ - COUPON 2.50%-5.375% $ INTEREST 1,468,546.88 $ 1,468,546.88 1,456,046.88 1,456,046.88 1,431,046.88 1,431,046.88 1,368,796.88 1,368,796.88 1,301,671.88 1,301,671.88 1,231,171.88 1,231,171.88 1,157,171.88 1,157,171.88 1,079,546.88 1,079,546.88 1,014,346.88 1,014,346.88 925,359.38 925,359.38 831,646.88 831,646.88 730,596.88 730,596.88 624,171.88 624,171.88 512,103.13 512,103.13 393,987.51 393,987.51 269,421.88 269,421.88 138,271.88 138,271.88 31,867,812.68 1,000,000.00 2,000,000.00 2,490,000.00 2,685,000.00 2,820,000.00 2,960,000.00 3,105,000.00 3,260,000.00 $ 3,390,000.00 3,570,000.00 3,760,000.00 3,960,000.00 4,170,000.00 4,395,000.00 4,635,000.00 4,880,000.00 5,145,000.00 58,225,000.00 44 $ PERIOD TOTAL 1,468,546.88 $ 2,468,546.88 1,456,046.88 3,456,046.88 1,431,046.88 3,921,046.88 1,368,796.88 4,053,796.88 1,301,671.88 4,121,671.88 1,231,171.88 4,191,171.88 1,157,171.88 4,262,171.88 1,079,546.88 4,339,546.88 1,014,346.88 4,404,346.88 925,359.38 4,495,359.38 831,646.88 4,591,646.88 730,596.88 4,690,596.88 624,171.88 4,794,171.88 512,103.13 4,907,103.13 393,987.51 5,028,987.51 269,421.88 5,149,421.88 138,271.88 5,283,271.88 90,092,812.68 FISCAL TOTAL $ $ 3,937,093.76 4,912,093.76 5,352,093.76 5,422,593.76 5,423,343.76 5,422,343.76 5,419,343.76 5,419,093.76 5,418,693.76 5,420,718.76 5,423,293.76 5,421,193.76 5,418,343.76 5,419,206.26 5,422,975.02 5,418,843.76 5,421,543.76 90,092,812.68 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 07/01/02 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 23,831.71 8,652.80 12,469.45 31,434.74 12,469.46 57,481.29 12,469.46 67,929.59 12,469.46 57,225.01 12,469.46 31,590.85 12,469.46 30,190.50 12,469.46 12,469.46 12,469.46 6,402.42 6,402.42 6,402.42 6,402.42 6,402.42 6,402.42 458,976.14 $ $ INTEREST 20,111.73 16,155.17 15,765.80 15,432.80 14,008.62 13,632.53 11,040.57 10,753.06 7,842.67 7,397.54 4,822.41 5,548.34 4,011.23 3,582.15 2,223.58 1,794.51 1,794.51 1,365.43 1,365.43 936.35 936.35 780.29 780.29 624.24 624.24 468.18 468.18 312.12 312.12 156.06 156.06 165,202.56 45 $ $ PERIOD TOTAL 43,943.44 24,807.97 28,235.25 46,867.54 26,478.08 71,113.82 23,510.03 78,682.65 20,312.13 64,622.55 17,291.87 37,139.19 16,480.69 33,772.65 14,693.04 1,794.51 14,263.97 1,365.43 13,834.89 936.35 7,338.77 780.29 7,182.71 624.24 7,026.66 468.18 6,870.60 312.12 6,714.54 156.06 6,558.48 624,178.70 FISCAL TOTAL $ $ 68,751.41 75,102.79 97,591.90 102,192.68 84,934.68 54,431.06 50,253.34 16,487.55 15,629.40 14,771.24 8,119.07 7,806.95 7,494.83 7,182.71 6,870.60 6,558.48 624,178.70 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $274,888 MARICOPA COUNTY, ARIZONA Grandview Manor K-90 SPECIAL ASSESSMENT BOND REDEMPTION SCHEDULE 9.00% DATE 07/01/02 01/01/03 07/01/03 01/01/04 07/01/04 01/01/05 PRINCIPAL $ $ 1,075.52 14,447.93 24,989.28 40,512.73 $ $ INTEREST 1,823.07 1,775.39 1,726.99 1,726.99 1,076.84 1,129.82 9,259.11 46 $ $ PERIOD TOTAL 1,823.07 2,850.91 1,726.99 16,174.92 1,076.84 25,059.53 48,712.27 FISCAL TOTAL $ $ 4,673.99 17,901.92 26,136.36 48,712.27 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $301,960 MARICOPA COUNTY, ARIZONA Queen Creek Water K-91 SPECIAL ASSESSMENT BOND REDEMPTION SCHEDULE 4.875% DATE 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 17,764.67 $ 6,402.41 6,402.42 6,402.42 6,402.42 6,402.42 6,402.42 6,402.42 6,402.42 6,402.42 6,402.42 6,402.42 6,402.42 6,402.42 6,402.42 6,402.42 113,800.96 $ 2,340.88 2,340.88 8,743.29 2,184.83 2,184.83 2,184.83 8,587.25 2,028.77 2,028.77 2,028.77 8,431.19 1,872.71 1,872.71 1,872.71 8,275.13 1,716.65 1,716.65 1,716.65 8,119.07 1,560.59 1,560.59 1,560.59 7,963.01 1,404.53 1,404.53 1,404.53 7,806.95 1,248.47 1,248.47 1,248.47 7,650.89 1,092.41 1,092.41 1,092.41 7,494.83 936.35 936.35 936.35 7,338.77 780.29 780.29 780.29 7,182.71 624.24 624.24 624.24 7,026.66 468.18 468.18 468.18 6,870.60 312.12 312.12 312.12 6,714.54 156.06 156.06 156.06 6,558.48 $ FISCAL TOTAL 9,886.45 2,340.88 $ PERIOD TOTAL 2,773.89 40,228.05 47 $ 10,928.12 10,616.01 10,303.89 9,991.78 9,679.66 9,367.54 9,055.42 8,743.30 8,431.19 8,119.07 7,806.95 7,494.83 7,182.71 6,870.60 - $ 12,227.34 6,558.48 143,376.90 $ 143,376.90 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $59,379 MARICOPA COUNTY, ARIZONA Fairview Lane K-92 SPECIAL ASSESSMENT BOND REDEMPTION SCHEDULE 9.00% DATE 07/01/02 PRINCIPAL $ 01/01/03 07/01/03 01/01/04 07/01/04 01/01/05 07/01/05 INTEREST - $ 689.37 688.45 216.46 - 01/01/06 $ 5,937.87 7,532.15 338.95 PERIOD TOTAL $ 338.95 307.93 307.93 276.94 276.94 267.20 $ 267.20 2,382.04 48 FISCAL TOTAL 338.95 $ 1,028.32 307.93 996.38 276.94 493.40 267.20 $ 6,205.07 9,914.19 1,367.26 1,304.30 770.35 - $ 6,472.28 9,914.19 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $60,657 MARICOPA COUNTY, ARIZONA East Fairview Lane K-93 SPECIAL ASSESSMENT BOND REDEMPTION SCHEDULE 9.00% DATE 07/01/02 PRINCIPAL $ 01/01/03 INTEREST - $ 1,695.86 07/01/03 3,308.38 07/01/04 - 01/01/05 3,504.55 07/01/05 - 01/01/06 4,441.74 07/01/06 - 01/01/07 6,065.70 $ 19,016.23 PERIOD TOTAL $ 769.26 - 01/01/04 855.73 $ FISCAL TOTAL 855.73 2,465.12 692.95 692.95 789.03 2,175.94 630.54 630.54 630.54 4,135.09 472.83 472.83 472.83 4,914.57 272.96 272.96 272.96 6,338.66 5,859.64 49 $ $ 22,954.40 3,320.85 2,868.89 4,765.63 5,387.41 6,611.61 $ 22,954.40 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $185,810 MARICOPA COUNTY, ARIZONA White Fence Farms K-94 SPECIAL ASSESSMENT BOND REDEMPTION SCHEDULE 9.00% DATE 07/01/02 PRINCIPAL $ 01/01/03 INTEREST - $ 3,591.33 07/01/03 PERIOD TOTAL $ 2,110.06 - 01/01/04 2,237.47 8,508.03 FISCAL TOTAL 2,237.47 5,701.39 1,948.45 1,948.45 1,948.45 10,456.48 07/01/04 - 1,565.59 1,565.59 01/01/05 460.38 1,565.59 2,025.97 - 1,544.88 1,544.88 1,686.45 17,436.06 07/01/05 01/01/06 18,580.95 - 07/01/06 01/01/07 18,580.95 $ 49,721.64 $ 836.14 836.14 836.14 19,417.09 16,279.24 50 $ $ 63,169.54 7,938.87 12,404.94 3,591.56 18,980.93 20,253.24 $ 63,169.54 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $83,236 MARICOPA COUNTY, ARIZONA 104 th Place/University Drive K-95P SPECIAL ASSESSMENT BOND REDEMPTION SCHEDULE 9.00% DATE 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 $ 1,600.72 3,841.66 8,323.60 8,323.60 26,571.53 PERIOD TOTAL $ 1,195.72 4,481.95 $ 1,195.72 $ 1,195.72 2,796.44 1,123.69 1,123.69 1,123.69 5,605.64 922.00 922.00 922.00 4,763.66 749.12 749.12 749.12 9,072.72 374.56 374.56 374.56 8,698.16 8,730.18 51 FISCAL TOTAL $ $ 35,301.71 3,992.16 6,729.32 5,685.66 9,821.85 9,072.72 $ 35,301.71 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $301,905 MARICOPA COUNTY, ARIZONA Central Avenue K-96 SPECIAL ASSESSMENT BOND REDEMPTION SCHEDULE 9.00% DATE 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 - $ PERIOD TOTAL $ FISCAL TOTAL 6,181.19 - 5,141.70 5,141.70 - 5,141.70 5,141.70 - 5,141.70 5,141.70 23,631.31 29,869.02 23,478.35 30,190.51 30,190.50 $ 6,181.19 137,359.69 $ 5,141.70 5,141.70 5,141.70 28,773.01 4,078.29 4,078.29 4,078.29 33,947.31 2,734.19 2,734.19 2,734.19 26,212.54 1,677.66 1,677.66 2,832.67 9,923.54 1,358.57 1,358.57 1,358.57 31,549.07 52,742.14 52 $ 167,002.19 $ 11,322.89 10,283.40 33,914.71 38,025.61 28,946.72 11,601.20 32,907.65 $ 167,002.19 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $14,004 MARICOPA COUNTY, ARIZONA Billings Street K-98 SPECIAL ASSESSMENT BOND REDEMPTION SCHEDULE 9.00% DATE 07/01/02 PRINCIPAL $ INTEREST - $ PERIOD TOTAL 170.59 $ FISCAL TOTAL 170.59 $ - 01/01/03 - 170.59 170.59 07/01/03 - 170.59 170.59 - 01/01/04 - 170.59 170.59 341.17 07/01/04 - 170.59 170.59 01/01/05 837.65 170.59 1,008.24 07/01/05 - 132.89 132.89 01/01/06 776.41 132.89 909.30 341.17 1,178.82 1,042.19 07/01/06 - 97.95 97.95 - 01/01/07 776.41 97.95 874.36 972.32 - 63.02 63.02 63.02 1,463.36 07/01/07 01/01/08 1,400.34 $ 3,790.81 $ 1,611.24 53 $ 5,402.05 1,526.37 $ 5,402.05 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $60,670 MARICOPA COUNTY, ARIZONA Marquerite Drive K100 SPECIAL ASSESSMENT BOND REDEMPTION SCHEDULE 9.000% DATE 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 PRINCIPAL $ INTEREST 6,067.04 $ - $ FISCAL TOTAL 10,602.16 2,312.61 2,312.61 6,067.04 2,312.61 8,379.65 6,067.04 - 2,039.60 2,039.60 1,766.58 2,039.60 8,106.64 1,766.58 6,067.04 1,766.58 7,833.62 1,493.56 1,493.56 1,654.16 4,509.24 1,365.08 1,365.08 1,365.08 7,432.12 1,092.07 1,092.07 1,092.07 7,159.11 819.05 819.05 819.05 6,886.09 546.03 546.03 546.03 6,613.07 273.02 273.02 273.02 6,340.06 6,067.04 6,067.04 6,067.04 6,067.04 6,067.04 6,067.04 $ PERIOD TOTAL 4,535.12 60,670.40 $ 28,110.93 54 $ 10,419.25 9,873.22 9,327.18 5,874.33 8,524.19 7,978.16 7,432.12 6,886.09 - $ 12,914.77 6,340.06 85,569.37 $ 85,569.37 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 11/1/2002 11/1/2003 11/1/2004 11/1/2005 $ $ PRINCIPAL 14,114.01 16,936.81 16,936.81 16,936.84 64,924.47 $ $ INTEREST 2,242.37 1,640.76 984.46 328.15 5,195.74 55 $ $ PERIOD TOTAL 16,356.38 18,577.57 17,921.27 17,264.99 70,120.21 $ $ FISCAL TOTAL 16,356.38 18,577.57 17,921.27 17,264.99 70,120.21 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 11/1/2002 11/1/2003 11/1/2004 11/1/2005 $ $ PRINCIPAL 14,114.01 16,936.81 16,936.81 16,936.84 64,924.47 $ $ INTEREST 2,242.37 1,640.76 984.46 328.15 5,195.74 56 $ $ PERIOD TOTAL 16,356.38 18,577.57 17,921.27 17,264.99 70,120.21 $ $ FISCAL TOTAL 16,356.38 18,577.57 17,921.27 17,264.99 70,120.21 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan MARICOPA COUNTY, ARIZONA CALCULATED TOTAL OF ALL HOUSING DEPARTMENT LOANS PAYABLE DATE 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 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 1,754,921.80 $ $ INTEREST 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 14,241.74 766,880.80 57 $ $ PERIOD TOTAL 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 2,521,802.60 $ $ FISCAL TOTAL 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 2,521,802.60 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $3,112,494 MARICOPA COUNTY, ARIZONA AZ 9-9 HOUSING DEPARTMENT LOAN PAYABLE REDEMPTION SCHEDULE DATE 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 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 1,754,921.80 COUPON 6.60% $ $ INTEREST 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 14,241.74 766,880.80 58 $ $ PERIOD TOTAL 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 2,521,802.60 $ $ FISCAL TOTAL 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 2,521,802.60 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan MARICOPA COUNTY, ARIZONA CALCULATED TOTAL OF ALL CERTIFICATES OF PARTICIPATION Date 01/1/2002 07/1/2002 12/1/2002 01/1/2003 06/1/2003 07/1/2003 12/1/2003 01/1/2004 06/1/2004 07/1/2004 12/1/2004 01/1/2005 06/1/2005 07/1/2005 12/1/2005 01/1/2006 06/1/2006 07/1/2006 12/1/2006 01/1/2007 06/1/2007 07/1/2007 12/1/2007 01/1/2008 06/1/2008 07/1/2008 12/1/2008 01/1/2009 06/1/2009 07/1/2009 12/1/2009 01/1/2010 06/1/2010 07/1/2010 12/1/2010 06/1/2011 01/1/2011 07/1/2011 01/1/2012 07/1/2012 01/1/2013 07/1/2013 01/1/2014 07/1/2014 01/1/2015 07/1/2015 01/1/2016 Principal $ $ 769,000.00 4,055,381.60 809,000.00 4,199,254.11 856,000.00 248,650.10 904,000.00 263,684.78 950,000.00 279,405.87 1,002,000.00 300,864.92 1,061,000.00 213,117.69 1,118,000.00 226,224.42 1,182,000.00 240,250.34 520,000.00 545,000.00 575,000.00 610,000.00 645,000.00 21,572,833.83 $ $ Interest 311,831.75 311,831.75 297,935.94 291,730.25 297,935.94 291,730.25 177,399.69 270,369.00 177,399.69 270,369.00 52,626.69 247,552.50 52,626.69 247,552.50 45,509.35 223,228.00 45,509.35 223,228.00 37,917.56 197,403.00 37,917.56 197,403.00 29,825.53 170,049.00 29,825.53 170,049.00 21,074.15 140,820.50 21,074.15 140,820.50 14,520.78 109,885.00 14,520.78 109,885.00 7,507.82 7,507.82 76,875.00 76,875.00 63,615.00 63,615.00 49,445.00 49,445.00 34,207.50 34,207.50 17,737.50 17,737.50 5,778,133.02 59 $ $ Period Total 311,831.75 1,080,831.75 297,935.94 291,730.25 4,353,317.54 1,100,730.25 177,399.69 270,369.00 4,376,653.80 1,126,369.00 52,626.69 247,552.50 301,276.79 1,151,552.50 45,509.35 223,228.00 309,194.13 1,173,228.00 37,917.56 197,403.00 317,323.43 1,199,403.00 29,825.53 170,049.00 330,690.45 1,231,049.00 21,074.15 140,820.50 234,191.84 1,258,820.50 14,520.78 109,885.00 240,745.20 1,291,885.00 7,507.82 247,758.16 76,875.00 596,875.00 63,615.00 608,615.00 49,445.00 624,445.00 34,207.50 644,207.50 17,737.50 662,737.50 27,350,966.85 $ $ Fiscal Total 311,831.75 6,023,815.48 5,925,152.74 1,727,824.98 1,729,483.98 1,725,871.99 1,729,967.98 1,627,135.49 1,623,971.48 1,624,025.98 660,490.00 658,060.00 658,652.50 661,945.00 662,737.50 27,350,966.85 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $3,850,000 MARICOPA COUNTY, ARIZONA CERTIFICATE OF PARTICIPATION, SERIES 1993 Date 12/1/2002 06/1/2003 12/1/2003 06/1/2004 12/1/2004 06/1/2005 12/1/2005 06/1/2006 12/1/2006 06/1/2007 12/1/2007 06/1/2008 Principal $ $ 210,000.00 225,000.00 80,000.00 85,000.00 90,000.00 100,000.00 790,000.00 Coupon $ 5.000% 5.000% 5.250% 5.250% 5.250% 5.250% $ Interest 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 2,625.00 118,575.00 60 $ $ Period Total 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 2,625.00 102,625.00 908,575.00 Fiscal Total $ $ 250,387.50 254,887.50 98,637.50 99,437.50 99,975.00 105,250.00 908,575.00 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $30,000,000 MARICOPA COUNTY, ARIZONA CERTIFICATE OF PARTICIPATION, SERIES 1994 Date 12/1/2002 06/1/2003 12/1/2003 06/1/2004 Principal $ $ 3,695,000.00 3,815,000.00 7,510,000.00 Coupon $ 6.000% 6.000% $ Interest 225,300.00 225,300.00 114,450.00 114,450.00 679,500.00 61 $ $ Period Total 225,300.00 3,920,300.00 114,450.00 3,929,450.00 8,189,500.00 Fiscal Total $ $ 4,145,600.00 4,043,900.00 8,189,500.00 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $2,500,000 MARICOPA COUNTY, ARIZONA CERTIFICATE OF PARTICIPATION, SERIES 1996 Date 12/1/2002 06/1/2003 12/1/2003 06/1/2004 12/1/2004 06/1/2005 12/1/2005 06/1/2006 12/1/2006 06/1/2007 12/1/2007 06/1/2008 12/1/2008 06/1/2009 12/1/2009 06/1/2010 12/1/2010 06/1/2011 Principal $ $ 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 1,726,833.83 Coupon $ 5.900% 5.900% 5.950% 6.000% 6.050% 6.100% 6.150% 6.200% 6.250% $ Interest 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 7,507.82 570,560.02 62 $ $ Period Total 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 2,297,393.85 Fiscal Total $ $ 255,265.99 255,265.98 255,265.98 255,265.98 255,265.98 255,265.98 255,265.99 255,265.98 255,265.99 2,297,393.85 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $5,300,000 MARICOPA COUNTY, ARIZONA CERTIFICATE OF PARTICIPATION, SERIES 2000 Date 1/1/2002 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 Principal $ $ 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 5,006,000.00 Coupon $ 5.700% 5.750% 5.800% 5.850% 5.900% 5.900% 5.950% 5.950% 6.000% $ Interest 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 1,594,613.00 63 $ $ Period Total 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 6,600,613.00 $ $ Fiscal Total 147,178.00 720,844.50 719,993.00 719,414.00 717,994.25 717,588.50 716,194.50 714,699.50 713,946.75 712,760.00 6,600,613.00 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan $6,975,000 MARICOPA COUNTY, ARIZONA CERTIFICATE OF PARTICIPATION, SERIES 2000 Date 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 Principal $ $ 330,000.00 345,000.00 365,000.00 385,000.00 400,000.00 420,000.00 445,000.00 465,000.00 490,000.00 520,000.00 545,000.00 575,000.00 610,000.00 645,000.00 6,540,000.00 Coupon $ 4.600% 4.650% 4.700% 4.750% 4.800% 4.850% 4.900% 4.950% 5.000% 5.100% 5.200% 5.300% 5.400% 5.500% $ Interest 164,653.75 164,653.75 157,063.75 157,063.75 149,042.50 149,042.50 140,465.00 140,465.00 131,321.25 131,321.25 121,721.25 121,721.25 111,536.25 111,536.25 100,633.75 100,633.75 89,125.00 89,125.00 76,875.00 76,875.00 63,615.00 63,615.00 49,445.00 49,445.00 34,207.50 34,207.50 17,737.50 17,737.50 2,814,885.00 64 $ $ Period Total 164,653.75 494,653.75 157,063.75 502,063.75 149,042.50 514,042.50 140,465.00 525,465.00 131,321.25 531,321.25 121,721.25 541,721.25 111,536.25 556,536.25 100,633.75 565,633.75 89,125.00 579,125.00 76,875.00 596,875.00 63,615.00 608,615.00 49,445.00 624,445.00 34,207.50 644,207.50 17,737.50 662,737.50 9,354,885.00 $ $ Fiscal Total 164,653.75 651,717.50 651,106.25 654,507.50 656,786.25 653,042.50 653,257.50 657,170.00 654,758.75 656,000.00 660,490.00 658,060.00 658,652.50 661,945.00 662,737.50 9,354,885.00 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 02-03 FY 03-04 FY 04-05 FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-10 FY 10-11 FY 11-12 Medical Examiner Spectrophotometer $ $ 1,611.26 1,611.26 Superior Court Computer System $ $ 60,093.12 60,093.12 General Government SmartZone $ $ 65 1,427,288.28 1,427,290.68 1,427,290.20 1,308,341.39 5,590,210.55 Sheriff Helicopter $ $ 304,679.64 304,681.32 304,680.12 202,674.93 1,116,716.01 Sheriff Phone System $ $ 65,996.04 43,997.36 109,993.40 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 02-03 FY 03-04 FY 04-05 FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-10 FY 10-11 FY 11-12 Assessor Computers $ $ 54,090.23 54,090.23 Medical Examiner Medical Equipment $ $ 18,674.52 18,674.52 18,674.52 18,674.52 6,225.04 80,923.12 Medical Examiner Medical Equipment Admin Technology Center Computer Equipment $ $ 23,344.44 23,344.44 5,836.18 52,525.06 $ 66 $ 74,908.25 74,908.25 Superior Court Computer Equipment $ $ 55,280.66 55,280.66 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: Facilities Management Energy Retrofit Medical Examiner Chromatograph FY 02-03 FY 03-04 FY 04-05 FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-10 FY 10-11 FY 11-12 $ $ $ 492,486.96 492,486.96 492,486.96 492,486.96 492,486.96 492,486.95 492,486.96 492,486.95 3,939,895.66 $ 38,272.68 38,272.68 38,272.68 19,136.41 133,954.45 Sheriff Computers $ $ 194,465.15 194,465.15 67 Various Dept Various Dept Computer Equipment Computer Equipment Various Dept Computer Equipment $ $ $ 128,469.00 128,469.00 53,528.64 310,466.64 $ $ 351,353.04 351,353.04 204,956.00 907,662.08 $ 180,592.56 195,641.94 90,296.33 466,530.83 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: Various Dept Computer Equipment Various Dept Computer Equipment Various Dept Computer Equipment FY 02-03 FY 03-04 FY 04-05 FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-10 FY 10-11 FY 11-12 $ $ $ $ 341,762.28 341,762.28 256,321.69 939,846.25 $ 380,059.08 380,059.08 348,387.58 1,108,505.74 $ 68 614,833.08 614,833.08 614,833.25 1,844,499.41 Superior Court Modular Building $ $ 493,205.42 495,050.64 495,050.64 495,050.64 495,050.64 495,050.64 495,050.64 495,050.64 495,050.64 495,050.75 4,948,661.29 Total General Fund $ $ 5,301,465.69 4,855,917.02 4,350,614.79 2,536,364.85 993,762.64 987,537.59 987,537.60 987,537.59 495,050.64 495,050.75 21,990,839.16 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 Department: Purpose: Public Health Modular Buildings FY 02-03 FY 03-04 FY 04-05 $ $ 4,802.89 4,802.89 Special Revenue Funds Total Library Bookmobile $ $ 73,748.04 73,748.04 61,456.62 208,952.70 69 $ $ 78,550.93 73,748.04 61,456.62 213,755.59 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan MARICOPA COUNTY, ARIZONA CALCULATED TOTAL OF ALL CAPITAL LEASES Principal and Interest INTERNAL SERVICE FUND Department: Purpose: FY 02-03 FY 03-04 FY 04-05 Reprographics Equipment $ $ 37,130.20 44,556.24 22,278.11 103,964.55 ISF Fund Total $ 37,130.20 44,556.24 22,278.11 103,964.55 $ 70 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 No. Date 42 7/28/2002 43 8/28/2002 44 9/28/2002 45 10/28/2002 46 11/28/2002 47 12/28/2002 48 1/28/2003 Beginning Balance 1,575.33 1,354.08 1,131.57 907.80 682.76 456.45 228.86 Outstanding as of June 30, 2002 Principal Total Interest Payment Total Debt Service Payable PERIODIC PAYMENT Calculated payment: Interest Principal 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 35.91 1,575.35 Ending Balance 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 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 1,575.35 35.91 1,611.26 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: PERIODIC PAYMENT Calculated payment: $440,150.00 4.58400% 4 12 1/15/1999 AMORTIZATION SCHEDULE Payment Beginning No. Date Balance 43 7/15/2002 59,297.69 44 8/15/2002 49,508.73 45 9/15/2002 39,682.37 46 10/15/2002 29,818.47 47 11/15/2002 19,916.88 48 12/15/2002 9,977.46 Outstanding as of June 30, 2002 Principal Total Interest Payment Total Debt Service Payable $10,015.52 Fiscal Year Ended 6/30 Interest 226.56 189.16 151.62 113.93 76.10 38.12 795.49 Principal 9,788.96 9,826.36 9,863.90 9,901.59 9,939.42 9,977.40 59,297.63 Ending Balance 49,508.73 39,682.37 29,818.47 19,916.88 9,977.46 0.06 Cumulative Interest 40,026.09 40,215.25 40,366.87 40,480.80 40,556.90 40,595.02 Principal 59,297.63 Interest 795.49 Total 60,093.12 59,297.63 795.49 60,093.12 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 Loan amount: Annual interest rate: Term in years: Payments per year: First payment due: AMORTIZATION SCHEDULE Payment No. Date 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 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 Outstanding as of June 30, 2002 Principal Total Interest Payment Total Debt Service Payable PERIODIC PAYMENT Calculated payment: $9,490,996.00 4.83700% 8 12 6/26/1998 $118,940.65 Fiscal Year Ended 6/30 Beginning Balance 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 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 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 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 1,426.75 953.07 477.88 506,915.24 Principal 98,450.73 98,847.57 99,246.01 99,646.05 100,047.71 100,450.98 100,855.88 101,262.42 101,670.59 102,080.41 102,492.11 102,905.24 103,320.04 103,736.50 104,154.65 104,574.48 104,996.00 105,419.22 105,844.15 106,270.79 106,699.15 107,129.23 107,561.06 107,994.62 108,429.92 108,866.99 109,305.81 109,746.41 110,188.77 110,632.93 111,078.87 111,526.61 111,976.16 112,427.51 112,880.45 113,335.45 113,792.29 114,250.97 114,711.49 115,173.88 115,638.12 116,104.24 116,572.24 117,042.12 117,513.90 117,987.58 118,457.01 5,083,295.31 Ending Balance 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 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 1.20 Cumulative Interest 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 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 1,927,307.60 Principal Interest Total 1,207,955.70 219,332.58 1,427,288.28 1,267,699.89 159,590.79 1,427,290.68 1,330,395.88 96,894.32 1,427,290.20 1,277,243.84 31,097.55 1,308,341.39 5,083,295.31 506,915.24 5,590,210.55 73 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: Annual interest rate: Term in years: Payments per year: First payment due: AMORTIZATION SCHEDULE Payment No. Date 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 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 Outstanding as of June 30, 2002 Principal Total Interest Payment Total Debt Service Payable $2,022,699.00 4.87740% 8 12 3/1/1998 Calculated payment: $25,389.87 Fiscal Year Ended 6/30 Beginning Balance 1,020,697.00 999,455.75 978,128.17 956,713.90 935,212.59 913,623.89 891,947.44 870,182.89 848,329.64 826,387.57 804,356.31 782,235.51 760,024.80 737,723.81 715,332.18 692,849.54 670,275.52 647,609.74 624,851.84 602,001.44 579,058.16 556,021.63 532,891.47 509,667.30 486,348.73 462,935.38 439,426.87 415,822.81 392,122.81 368,326.48 344,433.43 320,443.27 296,355.84 272,170.51 247,886.88 223,504.55 199,023.11 174,442.17 149,761.32 124,980.15 100,098.26 75,115.24 50,030.68 24,844.16 Interest 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 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 1,007.54 908.43 808.93 709.02 608.70 507.98 406.85 305.31 203.35 101.60 96,018.93 Principal 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 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 24,844.24 1,020,697.08 Ending Balance 999,455.75 978,128.17 956,713.90 935,212.59 913,623.89 891,947.44 870,182.89 848,329.64 826,387.57 804,356.31 782,235.51 760,024.80 737,723.81 715,332.18 692,849.54 670,275.52 647,609.74 624,851.84 602,001.44 579,058.16 556,021.63 532,891.47 509,667.30 486,348.73 462,935.38 439,426.87 415,822.81 392,122.81 368,326.48 344,433.43 320,443.27 296,355.84 272,170.51 247,886.88 223,504.55 199,023.11 174,442.17 149,761.32 124,980.15 100,098.26 75,115.24 50,030.68 24,844.16 -0.08 Cumulative Interest 322,419.86 326,482.15 330,457.75 334,346.31 338,147.48 341,860.90 345,486.22 349,023.08 352,471.12 355,829.97 359,099.28 362,278.68 365,367.80 368,366.28 371,273.75 374,089.84 376,814.17 379,446.38 381,986.09 384,432.92 386,786.50 389,046.45 391,212.39 393,283.93 395,260.69 397,142.29 398,928.34 400,618.45 402,212.23 403,709.29 405,109.24 406,411.68 407,616.22 408,722.46 409,730.00 410,638.43 411,447.36 412,156.38 412,765.08 413,273.06 413,679.91 413,985.22 414,188.57 414,290.17 Principal Interest Total 260,672.20 44,007.44 304,679.64 273,676.07 31,005.25 304,681.32 287,325.62 17,354.50 304,680.12 199,023.19 3,651.74 202,674.93 1,020,697.08 96,018.93 1,116,716.01 74 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 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, 2002 Principal Total Interest Payment Total Debt Service Payable $5,499.67 Fiscal Year Ended 6/30 Beginning Balance 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 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 21.86 4,478.17 Principal 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 5,477.81 105,515.23 Ending Balance 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 -0.14 Cumulative Interest 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 35,888.45 Principal Interest Total 62,297.76 3,698.28 65,996.04 43,217.47 779.89 43,997.36 105,515.23 4,478.17 109,993.40 75 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: PERIODIC PAYMENT Calculated payment: $707,020.42 5.15000% 5 12 11/15/1997 AMORTIZATION SCHEDULE Payment No. Date 57 7/15/2002 58 8/15/2002 59 9/15/2002 60 10/15/2002 Outstanding as of June 30, 2002 Principal Total Interest Payment Total Debt Service Payable $13,522.56 Fiscal Year Ended 6/30 Beginning Balance 53,514.79 40,221.90 26,871.96 13,464.73 Interest 229.67 172.62 115.33 57.70 575.32 Principal 13,292.89 13,349.94 13,407.23 13,464.85 53,514.91 Ending Balance 40,221.90 26,871.96 13,464.73 -0.12 Cumulative Interest 103,987.40 104,160.02 104,275.35 104,333.05 Principal 53,514.91 Interest 575.32 Total 54,090.23 53,514.91 575.32 54,090.23 76 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: LOAN DATA Loan amount: Annual interest rate: Term in years: Payments per year: First payment due: Medical Examiner 290 98215-E Medical Equipment PERIODIC PAYMENT $84,107.12 Calculated payment: $1,556.21 4.1908% 5 12 11/24/2001 AMORTIZATION SCHEDULE Payment Beginning No. Date Balance 9 7/24/2002 73,882.96 10 8/24/2002 72,584.77 11 9/24/2002 71,282.05 12 10/24/2002 69,974.78 13 11/24/2002 68,662.95 14 12/24/2002 67,346.53 15 1/24/2003 66,025.52 16 2/24/2003 64,699.89 17 3/24/2003 63,369.63 18 4/24/2003 62,034.73 19 5/24/2003 60,695.17 20 6/24/2003 59,350.93 21 7/24/2003 58,001.99 22 8/24/2003 56,648.34 23 9/24/2003 55,289.96 24 10/24/2003 53,926.84 25 11/24/2003 52,558.96 26 12/24/2003 51,186.30 27 1/24/2004 49,808.85 28 2/24/2004 48,426.59 29 3/24/2004 47,039.50 30 4/24/2004 45,647.57 31 5/24/2004 44,250.78 32 6/24/2004 42,849.11 33 7/24/2004 41,442.54 34 8/24/2004 40,031.06 35 9/24/2004 38,614.65 36 10/24/2004 37,193.30 37 11/24/2004 35,766.98 38 12/24/2004 34,335.68 39 1/24/2005 32,899.38 40 2/24/2005 31,458.07 41 3/24/2005 30,011.72 42 4/24/2005 28,560.32 43 5/24/2005 27,103.85 44 6/24/2005 25,642.30 45 7/24/2005 24,175.64 46 8/24/2005 22,703.86 47 9/24/2005 21,226.94 48 10/24/2005 19,744.86 49 11/24/2005 18,257.61 50 12/24/2005 16,765.16 51 1/24/2006 15,267.50 52 2/24/2006 13,764.61 53 3/24/2006 12,256.47 54 4/24/2006 10,743.06 55 5/24/2006 9,224.37 56 6/24/2006 7,700.37 57 7/24/2006 6,171.05 58 8/24/2006 4,636.39 59 9/24/2006 3,096.37 60 10/24/2006 1,550.97 Outstanding as of June 30, 2002 Principal Total Interest Payment Total Debt Service Payable Fiscal Year Ended 6/30 Interest 258.02 253.49 248.94 244.38 239.79 235.20 230.58 225.95 221.31 216.65 211.97 207.27 202.56 197.83 193.09 188.33 183.55 178.76 173.95 169.12 164.28 159.42 154.54 149.64 144.73 139.80 134.86 129.89 124.91 119.91 114.90 109.86 104.81 99.74 94.66 89.55 84.43 79.29 74.13 68.96 63.76 58.55 53.32 48.07 42.80 37.52 32.21 26.89 21.55 16.19 10.81 5.49 7,040.21 Principal 1,298.19 1,302.72 1,307.27 1,311.83 1,316.42 1,321.01 1,325.63 1,330.26 1,334.90 1,339.56 1,344.24 1,348.94 1,353.65 1,358.38 1,363.12 1,367.88 1,372.66 1,377.45 1,382.26 1,387.09 1,391.93 1,396.79 1,401.67 1,406.57 1,411.48 1,416.41 1,421.35 1,426.32 1,431.30 1,436.30 1,441.31 1,446.35 1,451.40 1,456.47 1,461.55 1,466.66 1,471.78 1,476.92 1,482.08 1,487.25 1,492.45 1,497.66 1,502.89 1,508.14 1,513.41 1,518.69 1,524.00 1,529.32 1,534.66 1,540.02 1,545.40 1,550.92 73,882.91 Ending Balance 72,584.77 71,282.05 69,974.78 68,662.95 67,346.53 66,025.52 64,699.89 63,369.63 62,034.73 60,695.17 59,350.93 58,001.99 56,648.34 55,289.96 53,926.84 52,558.96 51,186.30 49,808.85 48,426.59 47,039.50 45,647.57 44,250.78 42,849.11 41,442.54 40,031.06 38,614.65 37,193.30 35,766.98 34,335.68 32,899.38 31,458.07 30,011.72 28,560.32 27,103.85 25,642.30 24,175.64 22,703.86 21,226.94 19,744.86 18,257.61 16,765.16 15,267.50 13,764.61 12,256.47 10,743.06 9,224.37 7,700.37 6,171.05 4,636.39 3,096.37 1,550.97 0.05 Cumulative Interest 2,483.54 2,737.03 2,985.97 3,230.35 3,470.14 3,705.34 3,935.92 4,161.87 4,383.18 4,599.83 4,811.80 5,019.07 5,221.63 5,419.46 5,612.55 5,800.88 5,984.43 6,163.19 6,337.14 6,506.26 6,670.54 6,829.96 6,984.50 7,134.14 7,278.87 7,418.67 7,553.53 7,683.42 7,808.33 7,928.24 8,043.14 8,153.00 8,257.81 8,357.55 8,452.21 8,541.76 8,626.19 8,705.48 8,779.61 8,848.57 8,912.33 8,970.88 9,024.20 9,072.27 9,115.07 9,152.59 9,184.80 9,211.69 9,233.24 9,249.43 9,260.24 9,265.73 Principal Interest Total 15,880.97 2,793.55 18,674.52 16,559.45 2,115.07 18,674.52 17,266.90 1,407.62 18,674.52 18,004.59 669.93 18,674.52 6,171.00 54.04 6,225.04 73,882.91 7,040.21 80,923.12 77 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 Equipment LOAN DATA Loan amount: Annual interest rate: Term in years: Payments per year: First payment due: AMORTIZATION SCHEDULE Payment No. Date 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 2/29/2003 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 2/29/2004 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, 2002 Principal Total Interest Payment Total Debt Service Payable PERIODIC PAYMENT Calculated payment: $102,686.00 $1,945.37 5.34400% 5 12 10/30/1999 Fiscal Year Ended 6/30 Beginning Balance 49,386.85 47,661.42 45,928.30 44,187.46 42,438.87 40,682.49 38,918.29 37,146.24 35,366.29 33,578.42 31,782.59 29,978.76 28,166.90 26,346.97 24,518.93 22,682.75 20,838.39 18,985.82 17,125.00 15,255.89 13,378.46 11,492.67 9,598.48 7,695.86 5,784.76 3,865.15 1,936.99 Interest 219.94 212.25 204.53 196.78 188.99 181.17 173.32 165.42 157.50 149.54 141.54 133.51 125.44 117.33 109.19 101.01 92.80 84.55 76.26 67.94 59.58 51.18 42.75 34.27 25.76 17.21 8.60 3,138.36 Principal 1,725.43 1,733.12 1,740.84 1,748.59 1,756.38 1,764.20 1,772.05 1,779.95 1,787.87 1,795.83 1,803.83 1,811.86 1,819.93 1,828.04 1,836.18 1,844.36 1,852.57 1,860.82 1,869.11 1,877.43 1,885.79 1,894.19 1,902.62 1,911.10 1,919.61 1,928.16 1,936.84 49,386.70 Ending Balance 47,661.42 45,928.30 44,187.46 42,438.87 40,682.49 38,918.29 37,146.24 35,366.29 33,578.42 31,782.59 29,978.76 28,166.90 26,346.97 24,518.93 22,682.75 20,838.39 18,985.82 17,125.00 15,255.89 13,378.46 11,492.67 9,598.48 7,695.86 5,784.76 3,865.15 1,936.99 0.15 Cumulative Interest 11,118.00 11,330.25 11,534.78 11,731.56 11,920.55 12,101.72 12,275.04 12,440.46 12,597.96 12,747.50 12,889.04 13,022.55 13,147.99 13,265.32 13,374.51 13,475.52 13,568.32 13,652.87 13,729.13 13,797.07 13,856.65 13,907.83 13,950.58 13,984.85 14,010.61 14,027.82 14,036.42 Principal Interest Total 21,219.95 2,124.49 23,344.44 22,382.14 962.30 23,344.44 5,784.61 51.57 5,836.18 49,386.70 3,138.36 52,525.06 78 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 Loan amount: Annual interest rate: Term in years: Payments per year: First payment due: $582,593.00 4.95%/3.93%/4.50% 3/1/3 (multiple maturity dates) 12 12/1/1999 AMORTIZATION SCHEDULE Payment Beginning No. Date Balance 32 7/1/2002 74,003.66 33 8/1/2002 59,322.74 34 9/1/2002 44,582.16 35 10/1/2002 29,781.68 36 11/1/2002 14,921.05 Outstanding as of June 30, 2002 Principal Total Interest Payment Total Debt Service Payab PERIODIC PAYMENT Calculated payment: $12,536.69 $6,958.23 $2,444.96 Fiscal Year Ended 6/30 Interest 300.73 241.07 181.17 121.02 60.60 603.86 Principal 14,680.92 14,740.58 14,800.48 14,860.63 14,921.05 74,003.66 Ending Balance 59,322.74 44,582.16 29,781.68 14,921.05 0.00 Cumulative Interest 39,641.30 39,882.37 40,063.54 40,184.56 40,245.16 Principal 74,003.66 Interest Total 904.59 74,908.25 74,003.66 904.59 74,908.25 79 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 Loan amount: Annual interest rate: Term in years: Payments per year: First payment due: $204,491.40 5.4500% 3 12 5/1/2000 PERIODIC PAYMENT AMORTIZATION SCHEDULE Payment Beginning No. Date Balance 28 7/1/2002 54,045.95 29 8/1/2002 48,149.11 30 9/1/2002 42,225.49 31 10/1/2002 36,274.97 32 11/1/2002 30,297.42 33 12/1/2002 24,292.73 34 1/1/2003 18,260.76 35 2/1/2003 12,201.40 36 3/1/2003 6,114.52 Calculated payment: $6,142.30 Fiscal Year Ended 6/30 Interest 245.46 218.68 191.77 164.75 137.60 110.33 82.93 55.41 27.77 1,234.70 Ending Balance 48,149.11 42,225.49 36,274.97 30,297.42 24,292.73 18,260.76 12,201.40 6,114.52 -0.01 Principal 5,896.84 5,923.62 5,950.52 5,977.55 6,004.69 6,031.97 6,059.36 6,086.88 6,114.53 54,045.96 Cumulative Interest 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 54,045.96 Interest Total 1,234.70 55,280.66 Outstanding as of June 30, 2002 Principal 54,045.96 Total Interest Payment 1,234.70 Total Debt Service Payab 55,280.66 80 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 Loan amount: Annual interest rate: Term in years: Payments per year: First payment due: $3,652,383.00 5.8400% 10 1 5/25/2001 PERIODIC PAYMENT AMORTIZATION SCHEDULE Payment Beginning No. Date Balance 3 5/25/2003 3,077,702.85 4 5/25/2004 2,764,953.74 5 5/25/2005 2,433,940.08 6 5/25/2006 2,083,595.22 7 5/25/2007 1,712,790.22 8 5/25/2008 1,320,330.21 9 5/25/2009 904,950.54 10 5/25/2010 465,312.69 Calculated payment: $492,486.96 Fiscal Year Ended 6/30 Interest 179,737.85 161,473.30 142,142.10 121,681.96 100,026.95 77,107.28 52,849.11 27,174.26 862,192.81 Principal 312,749.11 331,013.66 350,344.86 370,805.00 392,460.01 415,379.67 439,637.85 465,312.69 3,077,702.85 Ending Balance 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 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 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 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 492,486.96 492,486.96 492,486.96 492,486.96 492,486.96 492,486.95 492,486.96 492,486.95 Outstanding as of June 30, 2002 Principal 3,077,702.85 Total Interest Payment 862,192.81 Total Debt Service Payab 3,939,895.66 81 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: Medical Examiner 290 Chromatograph LOAN DATA Loan amount: Annual interest rate: Term in years: Payments per year: First payment due: AMORTIZATION SCHEDULE Payment No. Date 19 7/1/2002 20 8/1/2002 21 9/1/2002 22 10/1/2002 23 11/1/2002 24 12/1/2002 25 1/1/2003 26 2/1/2003 27 3/1/2003 28 4/1/2003 29 5/1/2003 30 6/1/2003 31 7/1/2003 32 8/1/2003 33 9/1/2003 34 10/1/2003 35 11/1/2003 36 12/1/2003 37 1/1/2004 38 2/1/2004 39 3/1/2004 40 4/1/2004 41 5/1/2004 42 6/1/2004 43 7/1/2004 44 8/1/2004 45 9/1/2004 46 10/1/2004 47 11/1/2004 48 12/1/2004 49 1/1/2005 50 2/1/2005 51 3/1/2005 52 4/1/2005 53 5/1/2005 54 6/1/2005 55 7/1/2005 56 8/1/2005 57 9/1/2005 58 10/1/2005 59 11/1/2005 60 12/1/2005 Outstanding as of June 30, 2002 Principal Total Interest Payment Total Debt Service Payable PERIODIC PAYMENT Calculated payment: $165,829.64 $3,189.39 5.78000% 5 12 1/1/2001 Fiscal Year Ended 6/30 Beginning Balance 121,001.30 118,395.23 115,776.59 113,145.33 110,501.39 107,844.70 105,175.20 102,492.83 99,797.53 97,089.24 94,367.89 91,633.42 88,885.77 86,124.88 83,350.68 80,563.10 77,762.08 74,947.56 72,119.47 69,277.75 66,422.33 63,553.15 60,670.13 57,773.22 54,862.34 51,937.43 48,998.42 46,045.24 43,077.82 40,096.10 37,100.00 34,089.46 31,064.41 28,024.77 24,970.48 21,901.47 18,817.66 15,718.98 12,605.37 9,476.75 6,333.04 3,174.18 Interest 583.32 570.75 558.13 545.45 532.70 519.89 507.02 494.09 481.10 468.04 454.92 441.74 428.50 415.19 401.81 388.37 374.87 361.30 347.67 333.97 320.21 306.37 292.48 278.51 264.48 250.38 236.21 221.97 207.67 193.29 178.85 164.34 149.75 135.10 120.38 105.58 90.71 75.78 60.77 45.68 30.53 15.30 12,953.17 Principal 2,606.07 2,618.64 2,631.26 2,643.94 2,656.69 2,669.50 2,682.37 2,695.30 2,708.29 2,721.35 2,734.47 2,747.65 2,760.89 2,774.20 2,787.58 2,801.02 2,814.52 2,828.09 2,841.72 2,855.42 2,869.18 2,883.02 2,896.91 2,910.88 2,924.91 2,939.01 2,953.18 2,967.42 2,981.72 2,996.10 3,010.54 3,025.05 3,039.64 3,054.29 3,069.01 3,083.81 3,098.68 3,113.61 3,128.62 3,143.71 3,158.86 3,174.16 121,001.28 Ending Balance 118,395.23 115,776.59 113,145.33 110,501.39 107,844.70 105,175.20 102,492.83 99,797.53 97,089.24 94,367.89 91,633.42 88,885.77 86,124.88 83,350.68 80,563.10 77,762.08 74,947.56 72,119.47 69,277.75 66,422.33 63,553.15 60,670.13 57,773.22 54,862.34 51,937.43 48,998.42 46,045.24 43,077.82 40,096.10 37,100.00 34,089.46 31,064.41 28,024.77 24,970.48 21,901.47 18,817.66 15,718.98 12,605.37 9,476.75 6,333.04 3,174.18 0.02 Cumulative Interest 13,164.00 13,734.75 14,292.88 14,838.33 15,371.03 15,890.92 16,397.94 16,892.03 17,373.13 17,841.17 18,296.09 18,737.83 19,166.33 19,581.52 19,983.33 20,371.70 20,746.57 21,107.87 21,455.54 21,789.51 22,109.72 22,416.09 22,708.57 22,987.08 23,251.56 23,501.94 23,738.15 23,960.12 24,167.79 24,361.08 24,539.93 24,704.27 24,854.02 24,989.12 25,109.50 25,215.08 25,305.79 25,381.57 25,442.34 25,488.02 25,518.55 25,533.85 Principal Interest Total 32,115.53 6,157.15 38,272.68 34,023.43 4,249.25 38,272.68 36,044.68 2,228.00 38,272.68 18,817.64 318.77 19,136.41 121,001.28 12,953.17 133,954.45 82 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 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, 2002 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 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 787.04 716.96 646.60 575.94 504.98 433.74 362.19 290.35 218.21 145.78 73.08 4,754.87 Principal 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 17,605.57 189,710.28 Ending Balance 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 -0.50 Cumulative Interest 98,789.30 99,506.26 100,152.86 100,728.80 101,233.78 101,667.52 102,029.71 102,320.06 102,538.27 102,684.05 102,757.13 Principal 189,710.28 Interest Total 4,754.87 194,465.15 189,710.28 4,754.87 194,465.15 83 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: Various Departments Computer Equipment LOAN DATA Loan amount: Annual interest rate: Term in years: Payments per year: First payment due: AMORTIZATION SCHEDULE Payment No. Date 8 7/2/2002 9 8/2/2002 10 9/2/2002 11 10/2/2002 12 11/2/2002 13 12/2/2002 14 1/2/2003 15 2/2/2003 16 3/2/2003 17 4/2/2003 18 5/2/2003 19 6/2/2003 20 7/2/2003 21 8/2/2003 22 9/2/2003 23 10/2/2003 24 11/2/2003 25 12/2/2003 26 1/2/2004 27 2/2/2004 28 3/2/2004 29 4/2/2004 30 5/2/2004 31 6/2/2004 32 7/2/2004 33 8/2/2004 34 9/2/2004 35 10/2/2004 36 11/2/2004 Outstanding as of June 30, 2002 Principal Total Interest Payment Total Debt Service Payable PERIODIC PAYMENT $362,066.04 4.10000% 3 12 12/2/2001 Calculated payment: Beginning Balance 295,101.95 285,404.46 275,673.84 265,909.98 256,112.76 246,282.06 236,417.77 226,519.78 216,587.97 206,622.23 196,622.44 186,588.48 176,520.24 166,417.60 156,280.44 146,108.65 135,902.10 125,660.68 115,384.27 105,072.75 94,726.00 84,343.90 73,926.32 63,473.15 52,984.27 42,459.55 31,898.87 21,302.11 10,669.14 Ending Balance 285,404.46 275,673.84 265,909.98 256,112.76 246,282.06 236,417.77 226,519.78 216,587.97 206,622.23 196,622.44 186,588.48 176,520.24 166,417.60 156,280.44 146,108.65 135,902.10 125,660.68 115,384.27 105,072.75 94,726.00 84,343.90 73,926.32 63,473.15 52,984.27 42,459.55 31,898.87 21,302.11 10,669.14 -0.03 $10,705.75 Fiscal Year Ended 6/30 Interest 1,008.26 975.13 941.89 908.53 875.05 841.46 807.76 773.94 740.01 705.96 671.79 637.51 603.11 568.59 533.96 499.20 464.33 429.34 394.23 359.00 323.65 288.17 252.58 216.87 181.03 145.07 108.99 72.78 36.47 15,364.66 Principal 9,697.49 9,730.62 9,763.86 9,797.22 9,830.70 9,864.29 9,897.99 9,931.81 9,965.74 9,999.79 10,033.96 10,068.24 10,102.64 10,137.16 10,171.79 10,206.55 10,241.42 10,276.41 10,311.52 10,346.75 10,382.10 10,417.58 10,453.17 10,488.88 10,524.72 10,560.68 10,596.76 10,632.97 10,669.17 295,101.98 Cumulative Interest 8,984.42 9,959.55 10,901.44 11,809.97 12,685.02 13,526.48 14,334.24 15,108.18 15,848.19 16,554.15 17,225.94 17,863.45 18,466.56 19,035.15 19,569.11 20,068.31 20,532.64 20,961.98 21,356.21 21,715.21 22,038.86 22,327.03 22,579.61 22,796.48 22,977.51 23,122.58 23,231.57 23,304.35 23,340.82 Principal Interest 118,581.71 9,887.29 128,469.00 123,535.97 4,933.03 128,469.00 52,984.30 544.34 Total 53,528.64 295,101.98 15,364.66 310,466.64 84 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: Various Departments Computer Equipment LOAN DATA Loan amount: Annual interest rate: Term in years: Payments per year: First payment due: AMORTIZATION SCHEDULE Payment No. Date 6 7/23/2002 7 8/23/2002 8 9/23/2002 9 10/23/2002 10 11/23/2002 11 12/23/2002 12 1/23/2003 13 2/23/2003 14 3/23/2003 15 4/23/2003 16 5/23/2003 17 6/23/2003 18 7/23/2003 19 8/23/2003 20 9/23/2003 21 10/23/2003 22 11/23/2003 23 12/23/2003 24 1/23/2004 25 2/23/2004 26 3/23/2004 27 4/23/2004 28 5/23/2004 29 6/23/2004 30 7/23/2004 31 8/23/2004 32 9/23/2004 33 10/23/2004 34 11/23/2004 35 12/23/2004 36 1/23/2005 Outstanding as of June 30, 2002 Principal Total Interest Payment Total Debt Service Payable PERIODIC PAYMENT $1,000,435.71 3.42000% 3 12 2/23/2002 Calculated payment: Beginning Balance 867,539.47 840,732.54 813,849.21 786,889.26 759,852.47 732,738.63 705,547.52 678,278.91 650,932.58 623,508.32 596,005.90 568,425.10 540,765.69 513,027.45 485,210.16 457,313.59 429,337.51 401,281.70 373,145.93 344,929.98 316,633.61 288,256.60 259,798.71 231,259.72 202,639.39 173,937.49 145,153.79 116,288.06 87,340.06 58,309.56 29,196.32 Ending Balance 840,732.54 813,849.21 786,889.26 759,852.47 732,738.63 705,547.52 678,278.91 650,932.58 623,508.32 596,005.90 568,425.10 540,765.69 513,027.45 485,210.16 457,313.59 429,337.51 401,281.70 373,145.93 344,929.98 316,633.61 288,256.60 259,798.71 231,259.72 202,639.39 173,937.49 145,153.79 116,288.06 87,340.06 58,309.56 29,196.32 0.05 $29,279.42 Fiscal Year Ended 6/30 Interest 2,472.49 2,396.09 2,319.47 2,242.63 2,165.58 2,088.31 2,010.81 1,933.09 1,855.16 1,777.00 1,698.62 1,620.01 1,541.18 1,462.13 1,382.85 1,303.34 1,223.61 1,143.65 1,063.47 983.05 902.41 821.53 740.43 659.09 577.52 495.72 413.69 331.42 248.92 166.18 83.21 40,122.66 Principal 26,806.93 26,883.33 26,959.95 27,036.79 27,113.84 27,191.11 27,268.61 27,346.33 27,424.26 27,502.42 27,580.80 27,659.41 27,738.24 27,817.29 27,896.57 27,976.08 28,055.81 28,135.77 28,215.95 28,296.37 28,377.01 28,457.89 28,538.99 28,620.33 28,701.90 28,783.70 28,865.73 28,948.00 29,030.50 29,113.24 29,196.27 867,539.42 Cumulative Interest 15,973.35 18,369.44 20,688.91 22,931.54 25,097.12 27,185.43 29,196.24 31,129.33 32,984.49 34,761.49 36,460.11 38,080.12 39,621.30 41,083.43 42,466.28 43,769.62 44,993.23 46,136.88 47,200.35 48,183.40 49,085.81 49,907.34 50,647.77 51,306.86 51,884.38 52,380.10 52,793.79 53,125.21 53,374.13 53,540.31 53,623.52 Principal Interest Total 326,773.78 24,579.26 351,353.04 338,126.30 13,226.74 351,353.04 202,639.34 204,956.00 2,316.66 867,539.42 40,122.66 907,662.08 85 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: Various Departments Computer Equipment LOAN DATA Loan amount: Annual interest rate: Term in years: Payments per year: First payment due: AMORTIZATION SCHEDULE Payment No. Date 6 7/16/2002 7 8/16/2002 8 9/16/2002 9 10/16/2002 10 11/16/2002 11 12/16/2002 12 1/16/2003 13 2/16/2003 14 3/16/2003 15 4/16/2003 16 5/16/2003 17 6/16/2003 18 7/16/2003 19 8/16/2003 20 9/16/2003 21 10/16/2003 22 11/16/2003 23 12/16/2003 24 1/16/2004 25 2/16/2004 26 3/16/2004 27 4/16/2004 28 5/16/2004 29 6/16/2004 30 7/16/2004 31 8/16/2004 32 9/16/2004 33 10/16/2004 34 11/16/2004 35 12/16/2004 36 1/16/2005 Outstanding as of June 30, 2002 Principal Total Interest Payment Total Debt Service Payable PERIODIC PAYMENT $514,215.69 3.42000% 3 12 2/16/2002 Calculated payment: Beginning Balance 445,908.12 432,129.58 418,311.77 404,454.58 390,557.90 376,621.61 362,645.60 348,629.76 334,573.97 320,478.13 306,342.11 292,165.81 277,949.10 263,691.87 249,394.01 235,055.40 220,675.93 206,255.48 191,793.93 177,291.16 162,747.06 148,161.51 133,534.39 118,865.58 104,154.97 89,402.43 74,607.85 59,771.10 44,892.07 29,970.63 15,006.67 Ending Balance 432,129.58 418,311.77 404,454.58 390,557.90 376,621.61 362,645.60 348,629.76 334,573.97 320,478.13 306,342.11 292,165.81 277,949.10 263,691.87 249,394.01 235,055.40 220,675.93 206,255.48 191,793.93 177,291.16 162,747.06 148,161.51 133,534.39 118,865.58 104,154.97 89,402.43 74,607.85 59,771.10 44,892.07 29,970.63 15,006.67 0.01 $15,049.38 Fiscal Year Ended 6/30 Interest 1,270.84 1,231.57 1,192.19 1,152.70 1,113.09 1,073.37 1,033.54 993.59 953.54 913.36 873.08 832.67 792.15 751.52 710.77 669.91 628.93 587.83 546.61 505.28 463.83 422.26 380.57 338.77 296.84 254.80 212.63 170.35 127.94 85.42 42.77 20,622.72 Principal 13,778.54 13,817.81 13,857.19 13,896.68 13,936.29 13,976.01 14,015.84 14,055.79 14,095.84 14,136.02 14,176.30 14,216.71 14,257.23 14,297.86 14,338.61 14,379.47 14,420.45 14,461.55 14,502.77 14,544.10 14,585.55 14,627.12 14,668.81 14,710.61 14,752.54 14,794.58 14,836.75 14,879.03 14,921.44 14,963.96 15,006.66 445,908.11 Cumulative Interest 8,210.17 9,441.74 10,633.93 11,786.63 12,899.72 13,973.09 15,006.63 16,000.22 16,953.76 17,867.12 18,740.20 19,572.87 20,365.02 21,116.54 21,827.31 22,497.22 23,126.15 23,713.98 24,260.59 24,765.87 25,229.70 25,651.96 26,032.53 26,371.30 26,668.14 26,922.94 27,135.57 27,305.92 27,433.86 27,519.28 27,562.05 Principal Interest Total 167,959.02 12,633.54 180,592.56 188,546.67 195,641.94 7,095.27 89,402.42 893.91 90,296.33 514,215.68 27,562.05 541,777.73 445,908.11 20,622.72 466,530.83 86 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: Various Departments Computer Equipment LOAN DATA Loan amount: Annual interest rate: Term in years: Payments per year: First payment due: AMORTIZATION SCHEDULE Payment No. Date 4 7/20/2002 5 8/20/2002 6 9/20/2002 7 10/20/2002 8 11/20/2002 9 12/20/2002 10 1/20/2003 11 2/20/2003 12 3/20/2003 13 4/20/2003 14 5/20/2003 15 6/20/2003 16 7/20/2003 17 8/20/2003 18 9/20/2003 19 10/20/2003 20 11/20/2003 21 12/20/2003 22 1/20/2004 23 2/20/2004 24 3/20/2004 25 4/20/2004 26 5/20/2004 27 6/20/2004 28 7/20/2004 29 8/20/2004 30 9/20/2004 31 10/20/2004 32 11/20/2004 33 12/20/2004 34 1/20/2005 35 2/20/2005 36 3/20/2005 Outstanding as of June 30, 2002 Principal Total Interest Payment Total Debt Service Payable PERIODIC PAYMENT $970,571.90 3.59400% 3 12 4/20/2002 Calculated payment: Beginning Balance 893,621.91 867,818.12 841,937.05 815,978.46 789,942.13 763,827.82 737,635.29 711,364.32 685,014.67 658,586.10 632,078.38 605,491.26 578,824.52 552,077.91 525,251.19 498,344.13 471,356.48 444,288.00 417,138.45 389,907.59 362,595.17 335,200.95 307,724.69 280,166.14 252,525.05 224,801.17 196,994.26 169,104.07 141,130.35 113,072.85 84,931.31 56,705.49 28,395.13 Ending Balance 867,818.12 841,937.05 815,978.46 789,942.13 763,827.82 737,635.29 711,364.32 685,014.67 658,586.10 632,078.38 605,491.26 578,824.52 552,077.91 525,251.19 498,344.13 471,356.48 444,288.00 417,138.45 389,907.59 362,595.17 335,200.95 307,724.69 280,166.14 252,525.05 224,801.17 196,994.26 169,104.07 141,130.35 113,072.85 84,931.31 56,705.49 28,395.13 0.00 $28,480.19 Fiscal Year Ended 6/30 Interest 2,676.40 2,599.12 2,521.60 2,443.86 2,365.88 2,287.66 2,209.22 2,130.54 2,051.62 1,972.47 1,893.07 1,813.45 1,733.58 1,653.47 1,573.13 1,492.54 1,411.71 1,330.64 1,249.33 1,167.77 1,085.97 1,003.93 921.64 839.10 756.31 673.28 590.00 506.47 422.69 338.65 254.37 169.83 85.04 46,224.34 Principal 25,803.79 25,881.07 25,958.59 26,036.33 26,114.31 26,192.53 26,270.97 26,349.65 26,428.57 26,507.72 26,587.12 26,666.74 26,746.61 26,826.72 26,907.06 26,987.65 27,068.48 27,149.55 27,230.86 27,312.42 27,394.22 27,476.26 27,558.55 27,641.09 27,723.88 27,806.91 27,890.19 27,973.72 28,057.50 28,141.54 28,225.82 28,310.36 28,395.13 893,621.91 Cumulative Interest 11,166.98 13,766.10 16,287.70 18,731.56 21,097.44 23,385.10 25,594.32 27,724.86 29,776.48 31,748.95 33,642.02 35,455.47 37,189.05 38,842.52 40,415.65 41,908.19 43,319.90 44,650.54 45,899.87 47,067.64 48,153.61 49,157.54 50,079.18 50,918.28 51,674.59 52,347.87 52,937.87 53,444.34 53,867.03 54,205.68 54,460.05 54,629.88 54,714.92 Principal Interest Total 314,797.39 26,964.89 341,762.28 326,299.47 15,462.81 341,762.28 252,525.05 256,321.69 3,796.64 893,621.91 46,224.34 939,846.25 87 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: Various Departments Computer Equipment LOAN DATA Loan amount: Annual interest rate: Term in years: Payments per year: First payment due: AMORTIZATION SCHEDULE Payment No. Date 2 7/17/2002 3 8/17/2002 4 9/17/2002 5 10/17/2002 6 11/17/2002 7 12/17/2002 8 1/17/2003 9 2/17/2003 10 3/17/2003 11 4/17/2003 12 5/17/2003 13 6/17/2003 14 7/17/2003 15 8/17/2003 16 9/17/2003 17 10/17/2003 18 11/17/2003 19 12/17/2003 20 1/17/2004 21 2/17/2004 22 3/17/2004 23 4/17/2004 24 5/17/2004 25 6/17/2004 26 7/17/2004 27 8/17/2004 28 9/17/2004 29 10/17/2004 30 11/17/2004 31 12/17/2004 32 1/17/2005 33 2/17/2005 34 3/17/2005 35 4/17/2005 36 5/17/2005 Outstanding as of June 30, 2002 Principal Total Interest Payment Total Debt Service Payable PERIODIC PAYMENT $1,082,663.66 3.39000% 3 12 6/17/2002 Calculated payment: Beginning Balance 1,054,050.59 1,025,356.69 996,581.73 967,725.48 938,787.71 909,768.20 880,666.71 851,483.00 822,216.85 792,868.02 763,436.28 733,921.40 704,323.14 674,641.26 644,875.53 615,025.71 585,091.57 555,072.86 524,969.35 494,780.80 464,506.97 434,147.61 403,702.49 373,171.36 342,553.98 311,850.10 281,059.49 250,181.89 219,217.06 188,164.76 157,024.74 125,796.74 94,480.53 63,075.85 31,582.45 Ending Balance 1,025,356.69 996,581.73 967,725.48 938,787.71 909,768.20 880,666.71 851,483.00 822,216.85 792,868.02 763,436.28 733,921.40 704,323.14 674,641.26 644,875.53 615,025.71 585,091.57 555,072.86 524,969.35 494,780.80 464,506.97 434,147.61 403,702.49 373,171.36 342,553.98 311,850.10 281,059.49 250,181.89 219,217.06 188,164.76 157,024.74 125,796.74 94,480.53 63,075.85 31,582.45 -0.01 $31,671.59 Fiscal Year Ended 6/30 Interest 2,977.69 2,896.63 2,815.34 2,733.82 2,652.08 2,570.10 2,487.88 2,405.44 2,322.76 2,239.85 2,156.71 2,073.33 1,989.71 1,905.86 1,821.77 1,737.45 1,652.88 1,568.08 1,483.04 1,397.76 1,312.23 1,226.47 1,140.46 1,054.21 967.71 880.98 793.99 706.76 619.29 531.57 443.59 355.38 266.91 178.19 89.22 54,455.14 Principal 28,693.90 28,774.96 28,856.25 28,937.77 29,019.51 29,101.49 29,183.71 29,266.15 29,348.83 29,431.74 29,514.88 29,598.26 29,681.88 29,765.73 29,849.82 29,934.14 30,018.71 30,103.51 30,188.55 30,273.83 30,359.36 30,445.12 30,531.13 30,617.38 30,703.88 30,790.61 30,877.60 30,964.83 31,052.30 31,140.02 31,228.00 31,316.21 31,404.68 31,493.40 31,582.46 1,054,050.60 Cumulative Interest 6,036.21 8,932.84 11,748.18 14,482.00 17,134.08 19,704.18 22,192.06 24,597.50 26,920.26 29,160.11 31,316.82 33,390.15 35,379.86 37,285.72 39,107.49 40,844.94 42,497.82 44,065.90 45,548.94 46,946.70 48,258.93 49,485.40 50,625.86 51,680.07 52,647.78 53,528.76 54,322.75 55,029.51 55,648.80 56,180.37 56,623.96 56,979.34 57,246.25 57,424.44 57,513.66 Principal Interest Total 349,727.45 30,331.63 380,059.08 361,769.16 18,289.92 380,059.08 342,553.99 348,387.58 5,833.59 1,054,050.60 54,455.14 1,108,505.74 88 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: Various Departments Computer Equipment LOAN DATA Loan amount: Annual interest rate: Term in years: Payments per year: First payment due: AMORTIZATION SCHEDULE Payment No. Date 1 7/26/2002 2 8/26/2002 3 9/26/2002 4 10/26/2002 5 11/26/2002 6 12/26/2002 7 1/26/2003 8 2/26/2003 9 3/26/2003 10 4/26/2003 11 5/26/2003 12 6/26/2003 13 7/26/2003 14 8/26/2003 15 9/26/2003 16 10/26/2003 17 11/26/2003 18 12/26/2003 19 1/26/2004 20 2/26/2004 21 3/26/2004 22 4/26/2004 23 5/26/2004 24 6/26/2004 25 7/26/2004 26 8/26/2004 27 9/26/2004 28 10/26/2004 29 11/26/2004 30 12/26/2004 31 1/26/2005 32 2/26/2005 33 3/26/2005 34 4/26/2005 35 5/26/2005 36 6/26/2005 Outstanding as of June 30, 2002 Principal Total Interest Payment Total Debt Service Payable PERIODIC PAYMENT $1,755,436.39 3.24000% 3 12 7/26/2002 Calculated payment: Beginning Balance 1,755,436.39 1,708,939.98 1,662,318.03 1,615,570.20 1,568,696.15 1,521,695.54 1,474,568.03 1,427,313.27 1,379,930.93 1,332,420.65 1,284,782.10 1,237,014.92 1,189,118.77 1,141,093.30 1,092,938.16 1,044,653.00 996,237.47 947,691.22 899,013.90 850,205.15 801,264.61 752,191.93 702,986.76 653,648.73 604,177.49 554,572.68 504,833.94 454,960.90 404,953.20 354,810.48 304,532.38 254,118.53 203,568.56 152,882.11 102,058.80 51,098.27 Ending Balance 1,708,939.98 1,662,318.03 1,615,570.20 1,568,696.15 1,521,695.54 1,474,568.03 1,427,313.27 1,379,930.93 1,332,420.65 1,284,782.10 1,237,014.92 1,189,118.77 1,141,093.30 1,092,938.16 1,044,653.00 996,237.47 947,691.22 899,013.90 850,205.15 801,264.61 752,191.93 702,986.76 653,648.73 604,177.49 554,572.68 504,833.94 454,960.90 404,953.20 354,810.48 304,532.38 254,118.53 203,568.56 152,882.11 102,058.80 51,098.27 -0.04 $51,236.09 Fiscal Year Ended 6/30 Interest 4,739.68 4,614.14 4,488.26 4,362.04 4,235.48 4,108.58 3,981.33 3,853.75 3,725.81 3,597.54 3,468.91 3,339.94 3,210.62 3,080.95 2,950.93 2,820.56 2,689.84 2,558.77 2,427.34 2,295.55 2,163.41 2,030.92 1,898.06 1,764.85 1,631.28 1,497.35 1,363.05 1,228.39 1,093.37 957.99 822.24 686.12 549.64 412.78 275.56 137.95 89,062.98 Principal 46,496.41 46,621.95 46,747.83 46,874.05 47,000.61 47,127.51 47,254.76 47,382.34 47,510.28 47,638.55 47,767.18 47,896.15 48,025.47 48,155.14 48,285.16 48,415.53 48,546.25 48,677.32 48,808.75 48,940.54 49,072.68 49,205.17 49,338.03 49,471.24 49,604.81 49,738.74 49,873.04 50,007.70 50,142.72 50,278.10 50,413.85 50,549.97 50,686.45 50,823.31 50,960.53 51,098.3 1,755,436.43 Cumulative Interest 4,739.68 9,353.82 13,842.08 18,204.12 22,439.60 26,548.18 30,529.51 34,383.26 38,109.07 41,706.61 45,175.52 48,515.46 51,726.08 54,807.03 57,757.96 60,578.52 63,268.36 65,827.13 68,254.47 70,550.02 72,713.43 74,744.35 76,642.41 78,407.26 80,038.54 81,535.89 82,898.94 84,127.33 85,220.70 86,178.69 87,000.93 87,687.05 88,236.69 88,649.47 88,925.03 89,062.98 Principal Interest Total 566,317.62 48,515.46 614,833.08 584,941.28 29,891.80 614,833.08 604,177.53 10,655.72 614,833.25 1,755,436.43 89,062.98 1,844,499.41 89 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: LOAN DATA Loan amount: Annual interest rate: Term in years: Payments per year: First payment due: Superior Court 380 A drawdown occurred in December. Therefore interest accrued during December to the first payment. The Amortization schedule was keyed in manually. Modular Building PERIODIC PAYMENT Calculated payment: $3,866,653.00 4.60000% 10 12 7/15/2002 AMORTIZATION SCHEDULE Payment Beginning No. Date Balance 1 7/15/2002 3,866,653.00 2 8/15/2002 3,936,070.98 3 9/15/2002 3,909,905.04 4 10/15/2002 3,883,638.79 5 11/15/2002 3,857,271.85 6 12/15/2002 3,830,803.84 7 1/15/2003 3,804,234.37 8 2/15/2003 3,777,563.05 9 3/15/2003 3,750,789.49 10 4/15/2003 3,723,913.30 11 5/15/2003 3,696,934.09 12 6/15/2003 3,669,851.45 13 7/15/2003 3,642,664.99 14 8/15/2003 3,615,374.32 15 9/15/2003 3,587,979.03 16 10/15/2003 3,560,478.73 17 11/15/2003 3,532,873.01 18 12/15/2003 3,505,161.47 19 1/15/2004 3,477,343.70 20 2/15/2004 3,449,419.30 21 3/15/2004 3,421,387.85 22 4/15/2004 3,393,248.95 23 5/15/2004 3,365,002.18 24 6/15/2004 3,336,647.14 25 7/15/2004 3,308,183.40 26 8/15/2004 3,279,610.55 27 9/15/2004 3,250,928.17 28 10/15/2004 3,222,135.84 29 11/15/2004 3,193,233.14 30 12/15/2004 3,164,219.65 31 1/15/2005 3,135,094.94 32 2/15/2005 3,105,858.58 33 3/15/2005 3,076,510.15 34 4/15/2005 3,047,049.22 35 5/15/2005 3,017,475.36 36 6/15/2005 2,987,788.13 37 7/15/2005 2,957,987.10 38 8/15/2005 2,928,071.83 39 9/15/2005 2,898,041.89 40 10/15/2005 2,867,896.83 41 11/15/2005 2,837,636.21 42 12/15/2005 2,807,259.60 43 1/15/2006 2,776,766.54 44 2/15/2006 2,746,156.59 45 3/15/2006 2,715,429.30 46 4/15/2006 2,684,584.23 47 5/15/2006 2,653,620.92 48 6/15/2006 2,622,538.91 49 7/15/2006 2,591,337.76 50 8/15/2006 2,560,017.00 51 9/15/2006 2,528,576.18 52 10/15/2006 2,497,014.84 53 11/15/2006 2,465,332.51 54 12/15/2006 2,433,528.73 55 1/15/2007 2,401,603.04 56 2/15/2007 2,369,554.96 57 3/15/2007 2,337,384.03 58 4/15/2007 2,305,089.78 59 5/15/2007 2,272,671.74 60 6/15/2007 2,240,129.43 $41,254.22 Fiscal Year Ended 6/30 Interest 108,826.98 15,088.27 14,987.97 14,887.28 14,786.21 14,684.75 14,582.90 14,480.66 14,378.03 14,275.00 14,171.58 14,067.76 13,963.55 13,858.93 13,753.92 13,648.50 13,542.68 13,436.45 13,329.82 13,222.77 13,115.32 13,007.45 12,899.18 12,790.48 12,681.37 12,571.84 12,461.89 12,351.52 12,240.73 12,129.51 12,017.86 11,905.79 11,793.29 11,680.36 11,566.99 11,453.19 11,338.95 11,224.28 11,109.16 10,993.60 10,877.61 10,761.16 10,644.27 10,526.93 10,409.15 10,290.91 10,172.21 10,053.07 9,933.46 9,813.40 9,692.88 9,571.89 9,450.44 9,328.53 9,206.14 9,083.29 8,959.97 8,836.18 8,711.91 8,587.16 Principal -69,417.98 26,165.95 26,266.25 26,366.94 26,468.01 26,569.47 26,671.32 26,773.56 26,876.19 26,979.22 27,082.64 27,186.46 27,290.67 27,395.29 27,500.30 27,605.72 27,711.54 27,817.77 27,924.40 28,031.45 28,138.90 28,246.77 28,355.04 28,463.74 28,572.85 28,682.38 28,792.33 28,902.70 29,013.49 29,124.71 29,236.36 29,348.43 29,460.93 29,573.86 29,687.23 29,801.03 29,915.27 30,029.94 30,145.06 30,260.62 30,376.61 30,493.06 30,609.95 30,727.29 30,845.07 30,963.31 31,082.01 31,201.15 31,320.76 31,440.82 31,561.34 31,682.33 31,803.78 31,925.69 32,048.08 32,170.93 32,294.25 32,418.04 32,542.31 32,667.06 Ending Balance 3,936,070.98 3,909,905.04 3,883,638.79 3,857,271.85 3,830,803.84 3,804,234.37 3,777,563.05 3,750,789.49 3,723,913.30 3,696,934.09 3,669,851.45 3,642,664.99 3,615,374.32 3,587,979.03 3,560,478.73 3,532,873.01 3,505,161.47 3,477,343.70 3,449,419.30 3,421,387.85 3,393,248.95 3,365,002.18 3,336,647.14 3,308,183.40 3,279,610.55 3,250,928.17 3,222,135.84 3,193,233.14 3,164,219.65 3,135,094.94 3,105,858.58 3,076,510.15 3,047,049.22 3,017,475.36 2,987,788.13 2,957,987.10 2,928,071.83 2,898,041.89 2,867,896.83 2,837,636.21 2,807,259.60 2,776,766.54 2,746,156.59 2,715,429.30 2,684,584.23 2,653,620.92 2,622,538.91 2,591,337.76 2,560,017.00 2,528,576.18 2,497,014.84 2,465,332.51 2,433,528.73 2,401,603.04 2,369,554.96 2,337,384.03 2,305,089.78 2,272,671.74 2,240,129.43 2,207,462.37 90 Cumulative Interest 108,826.98 123,915.25 138,903.22 153,790.50 168,576.71 183,261.46 197,844.36 212,325.02 226,703.05 240,978.05 255,149.63 269,217.39 283,180.94 297,039.87 310,793.79 324,442.29 337,984.97 351,421.42 364,751.24 377,974.01 391,089.33 404,096.78 416,995.96 429,786.44 442,467.81 455,039.65 467,501.54 479,853.06 492,093.79 504,223.30 516,241.16 528,146.95 539,940.24 551,620.60 563,187.59 574,640.78 585,979.73 597,204.01 608,313.17 619,306.77 630,184.38 640,945.54 651,589.81 662,116.74 672,525.89 682,816.80 692,989.01 703,042.08 712,975.54 722,788.94 732,481.82 742,053.71 751,504.15 760,832.68 770,038.82 779,122.11 788,082.08 796,918.26 805,630.17 814,217.33 Principal Interest Total 223,988.03 269,217.39 493,205.42 334,481.59 160,569.05 495,050.64 350,196.30 144,854.34 495,050.64 366,649.34 128,401.30 495,050.64 383,875.39 111,175.25 495,050.64 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: Superior Court 380 A drawdown occurred in December. Therefore interest accrued during December to the first payment. The Amortization schedule was keyed in manually. Modular Building **Continued LOAN DATA Loan amount: Annual interest rate: Term in years: Payments per year: First payment due: PERIODIC PAYMENT Calculated payment: $3,866,653.00 4.60000% 10 12 7/15/2002 AMORTIZATION SCHEDULE Payment Beginning No. Date Balance 61 7/15/2007 2,207,462.37 62 8/15/2007 2,174,670.09 63 9/15/2007 2,141,752.11 64 10/15/2007 2,108,707.94 65 11/15/2007 2,075,537.10 66 12/15/2007 2,042,239.11 67 1/15/2008 2,008,813.47 68 2/15/2008 1,975,259.70 69 3/15/2008 1,941,577.31 70 4/15/2008 1,907,765.80 71 5/15/2008 1,873,824.68 72 6/15/2008 1,839,753.45 73 7/15/2008 1,805,551.62 74 8/15/2008 1,771,218.68 75 9/15/2008 1,736,754.13 76 10/15/2008 1,702,157.47 77 11/15/2008 1,667,428.19 78 12/15/2008 1,632,565.78 79 1/15/2009 1,597,569.73 80 2/15/2009 1,562,439.53 81 3/15/2009 1,527,174.66 82 4/15/2009 1,491,774.61 83 5/15/2009 1,456,238.86 84 6/15/2009 1,420,566.89 85 7/15/2009 1,384,758.18 86 8/15/2009 1,348,812.20 87 9/15/2009 1,312,728.43 88 10/15/2009 1,276,506.34 89 11/15/2009 1,240,145.39 90 12/15/2009 1,203,645.06 91 1/15/2010 1,167,004.81 92 2/15/2010 1,130,224.11 93 3/15/2010 1,093,302.42 94 4/15/2010 1,056,239.19 95 5/15/2010 1,019,033.89 96 6/15/2010 981,685.97 97 7/15/2010 944,194.88 98 8/15/2010 906,560.07 99 9/15/2010 868,781.00 100 10/15/2010 830,857.11 101 11/15/2010 792,787.84 102 12/15/2010 754,572.64 103 1/15/2011 716,210.95 104 2/15/2011 677,702.21 105 3/15/2011 639,045.85 106 4/15/2011 600,241.31 107 5/15/2011 561,288.02 108 6/15/2011 522,185.40 $41,254.22 Fiscal Year Ended 6/30 Interest 8,461.94 8,336.24 8,210.05 8,083.38 7,956.23 7,828.58 7,700.45 7,571.83 7,442.71 7,313.10 7,182.99 7,052.39 6,921.28 6,789.67 6,657.56 6,524.94 6,391.81 6,258.17 6,124.02 5,989.35 5,854.17 5,718.47 5,582.25 5,445.51 5,308.24 5,170.45 5,032.13 4,893.27 4,753.89 4,613.97 4,473.52 4,332.53 4,190.99 4,048.92 3,906.30 3,763.13 3,619.41 3,475.15 3,330.33 3,184.95 3,039.02 2,892.53 2,745.48 2,597.86 2,449.68 2,300.93 2,151.60 2,001.71 Principal 32,792.28 32,917.98 33,044.17 33,170.84 33,297.99 33,425.64 33,553.77 33,682.39 33,811.51 33,941.12 34,071.23 34,201.83 34,332.94 34,464.55 34,596.66 34,729.28 34,862.41 34,996.05 35,130.20 35,264.87 35,400.05 35,535.75 35,671.97 35,808.71 35,945.98 36,083.77 36,222.09 36,360.95 36,500.33 36,640.25 36,780.70 36,921.69 37,063.23 37,205.30 37,347.92 37,491.09 37,634.81 37,779.07 37,923.89 38,069.27 38,215.20 38,361.69 38,508.74 38,656.36 38,804.54 38,953.29 39,102.62 39,252.51 Ending Balance 2,174,670.09 2,141,752.11 2,108,707.94 2,075,537.10 2,042,239.11 2,008,813.47 1,975,259.70 1,941,577.31 1,907,765.80 1,873,824.68 1,839,753.45 1,805,551.62 1,771,218.68 1,736,754.13 1,702,157.47 1,667,428.19 1,632,565.78 1,597,569.73 1,562,439.53 1,527,174.66 1,491,774.61 1,456,238.86 1,420,566.89 1,384,758.18 1,348,812.20 1,312,728.43 1,276,506.34 1,240,145.39 1,203,645.06 1,167,004.81 1,130,224.11 1,093,302.42 1,056,239.19 1,019,033.89 981,685.97 944,194.88 906,560.07 868,781.00 830,857.11 792,787.84 754,572.64 716,210.95 677,702.21 639,045.85 600,241.31 561,288.02 522,185.40 482,932.89 91 Cumulative Interest 822,679.27 831,015.51 839,225.56 847,308.94 855,265.17 863,093.75 870,794.20 878,366.03 885,808.74 893,121.84 900,304.83 907,357.22 914,278.50 921,068.17 927,725.73 934,250.67 940,642.48 946,900.65 953,024.67 959,014.02 964,868.19 970,586.66 976,168.91 981,614.42 986,922.66 992,093.11 997,125.24 1,002,018.51 1,006,772.40 1,011,386.37 1,015,859.89 1,020,192.42 1,024,383.41 1,028,432.33 1,032,338.63 1,036,101.76 1,039,721.17 1,043,196.32 1,046,526.65 1,049,711.60 1,052,750.62 1,055,643.15 1,058,388.63 1,060,986.49 1,063,436.17 1,065,737.10 1,067,888.70 1,069,890.41 Principal Interest Total 401,910.75 93,139.89 495,050.64 420,793.44 74,257.20 495,050.64 440,563.30 54,487.34 495,050.64 461,261.99 33,788.65 495,050.64 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: Superior Court 380 A drawdown occurred in December. Therefore interest accrued during December to the first payment. The Amortization schedule was keyed in manually. Modular Building **Continued LOAN DATA Loan amount: Annual interest rate: Term in years: Payments per year: First payment due: PERIODIC PAYMENT Calculated payment: $3,866,653.00 4.60000% 10 12 7/15/2002 AMORTIZATION SCHEDULE Payment Beginning No. Date Balance 109 7/15/2011 482,932.89 110 8/15/2011 443,529.91 111 9/15/2011 403,975.89 112 10/15/2011 364,270.24 113 11/15/2011 324,412.39 114 12/15/2011 284,401.75 115 1/15/2012 244,237.74 116 2/15/2012 203,919.76 117 3/15/2012 163,447.23 118 4/15/2012 122,819.56 119 5/15/2012 82,036.15 120 6/15/2012 41,096.40 Outstanding as of June 30, 2002 Principal Total Interest Payment Total Debt Service Payable $41,254.22 Fiscal Year Ended 6/30 Interest 1,851.24 1,700.20 1,548.57 1,396.37 1,243.58 1,090.21 936.24 781.69 626.55 470.81 314.47 157.93 1,082,008.27 Ending Balance 443,529.91 403,975.89 364,270.24 324,412.39 284,401.75 244,237.74 203,919.76 163,447.23 122,819.56 82,036.15 41,096.40 0.00 Principal 39,402.98 39,554.02 39,705.65 39,857.85 40,010.64 40,164.01 40,317.98 40,472.53 40,627.67 40,783.41 40,939.75 41,096.4 3,866,653.02 Cumulative Interest 1,071,741.65 1,073,441.85 1,074,990.42 1,076,386.79 1,077,630.37 1,078,720.58 1,079,656.82 1,080,438.51 1,081,065.06 1,081,535.87 1,081,850.34 1,082,008.27 Principal 482,932.89 Interest 12,117.86 Total 495,050.75 3,866,653.02 1,082,008.27 4,948,661.29 92 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 Loan amount: Annual interest rate: Term in years: Payments per year: First payment due: PERIODIC PAYMENT Calculated payment: $253,570.00 5.15000% 5 12 8/15/1997 AMORTIZATION SCHEDULE Payment No. Date 60 7/15/2002 Outstanding as of June 30, 2002 Principal Total Interest Payment Total Debt Service Payable Beginning Balance 4,782.34 Interest 20.52 20.52 Principal 4,782.37 4,782.37 Ending Balance -0.03 $4,802.62 Fiscal Year Ended 6/30 Cumulative Interest Principal Interest Total 34,587.44 4,782.37 20.52 4,802.89 4,782.37 20.52 4,802.89 93 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: Library C6502030M Bookmobile LOAN DATA Loan amount: Annual interest rate: Term in years: Payments per year: First payment due: AMORTIZATION SCHEDULE Payment No. Date 3 7/12/2002 4 8/12/2002 5 9/12/2002 6 10/12/2002 7 11/12/2002 8 12/12/2002 9 1/12/2003 10 2/12/2003 11 3/12/2003 12 4/12/2003 13 5/12/2003 14 6/12/2003 15 7/12/2003 16 8/12/2003 17 9/12/2003 18 10/12/2003 19 11/12/2003 20 12/12/2003 21 1/12/2004 22 2/12/2004 23 3/12/2004 24 4/12/2004 25 5/12/2004 26 6/12/2004 27 7/12/2004 28 8/12/2004 29 9/12/2004 30 10/12/2004 31 11/12/2004 32 12/12/2004 33 1/12/2005 34 2/12/2005 35 3/12/2005 36 4/12/2005 Outstanding as of June 30, 2002 Principal Total Interest Payment Total Debt Service Payable PERIODIC PAYMENT $207,720.00 4.14000% 3 12 5/12/2002 Calculated payment: Beginning Balance 196,843.19 191,376.63 185,891.21 180,386.86 174,863.52 169,321.13 163,759.62 158,178.92 152,578.97 146,959.70 141,321.04 135,662.93 129,985.30 124,288.08 118,571.20 112,834.60 107,078.21 101,301.96 95,505.78 89,689.60 83,853.36 77,996.98 72,120.40 66,223.55 60,306.35 54,368.74 48,410.64 42,431.99 36,432.71 30,412.73 24,371.98 18,310.39 12,227.89 6,124.41 Ending Balance 191,376.63 185,891.21 180,386.86 174,863.52 169,321.13 163,759.62 158,178.92 152,578.97 146,959.70 141,321.04 135,662.93 129,985.30 124,288.08 118,571.20 112,834.60 107,078.21 101,301.96 95,505.78 89,689.60 83,853.36 77,996.98 72,120.40 66,223.55 60,306.35 54,368.74 48,410.64 42,431.99 36,432.71 30,412.73 24,371.98 18,310.39 12,227.89 6,124.41 -0.04 $6,145.67 Fiscal Year Ended 6/30 Interest 679.11 660.25 641.32 622.33 603.28 584.16 564.97 545.72 526.40 507.01 487.56 468.04 448.45 428.79 409.07 389.28 369.42 349.49 329.49 309.43 289.29 269.09 248.82 228.47 208.06 187.57 167.02 146.39 125.69 104.92 84.08 63.17 42.19 21.14 12,109.47 Principal 5,466.56 5,485.42 5,504.35 5,523.34 5,542.39 5,561.51 5,580.70 5,599.95 5,619.27 5,638.66 5,658.11 5,677.63 5,697.22 5,716.88 5,736.60 5,756.39 5,776.25 5,796.18 5,816.18 5,836.24 5,856.38 5,876.58 5,896.85 5,917.20 5,937.61 5,958.10 5,978.65 5,999.28 6,019.98 6,040.75 6,061.59 6,082.50 6,103.48 6,124.45 196,843.23 Cumulative Interest 2,093.64 2,753.89 3,395.21 4,017.54 4,620.82 5,204.98 5,769.95 6,315.67 6,842.07 7,349.08 7,836.64 8,304.68 8,753.13 9,181.92 9,590.99 9,980.27 10,349.69 10,699.18 11,028.67 11,338.10 11,627.39 11,896.48 12,145.30 12,373.77 12,581.83 12,769.40 12,936.42 13,082.81 13,208.50 13,313.42 13,397.50 13,460.67 13,502.86 13,524.00 Principal Interest Total 66,857.89 6,890.15 73,748.04 69,678.95 4,069.09 73,748.04 60,306.39 1,150.23 61,456.62 196,843.23 12,109.47 208,952.70 94 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: LOAN DATA Loan amount: Annual interest rate: Term in years: Payments per year: First payment due: Reprographics Department C73020034 Equipment PERIODIC PAYMENT $125,290.32 4.2500% 3 12 1/10/2002 AMORTIZATION SCHEDULE Payment No. Date 9 9/10/2002 10 10/10/2002 11 11/10/2002 12 12/10/2002 13 1/10/2003 14 2/10/2003 15 3/10/2003 16 4/10/2003 17 5/10/2003 18 6/10/2003 19 7/10/2003 20 8/10/2003 21 9/10/2003 22 10/10/2003 23 11/10/2003 24 12/10/2003 25 1/10/2004 26 2/10/2004 27 3/10/2004 28 4/10/2004 29 5/10/2004 30 6/10/2004 31 7/10/2004 32 8/10/2004 33 9/10/2004 34 10/10/2004 35 11/10/2004 36 12/10/2004 Outstanding as of June 30, 2002 Principal Total Interest Payment Total Debt Service Payable Calculated payment: $3,713.02 Fiscal Year Ended 6/30 Beginning Balance 98,809.56 95,446.49 92,071.51 88,684.58 85,285.65 81,874.68 78,451.63 75,016.46 71,569.12 68,109.57 64,637.77 61,153.68 57,657.25 54,148.43 50,627.19 47,093.47 43,547.24 39,988.45 36,417.06 32,833.02 29,236.28 25,626.81 22,004.55 18,369.46 14,721.50 11,060.62 7,386.77 3,699.91 Interest 349.95 338.04 326.09 314.09 302.05 289.97 277.85 265.68 253.47 241.22 228.93 216.59 204.20 191.78 179.30 166.79 154.23 141.63 128.98 116.28 103.55 90.76 77.93 65.06 52.14 39.17 26.16 13.10 5,154.99 Ending Balance 95,446.49 92,071.51 88,684.58 85,285.65 81,874.68 78,451.63 75,016.46 71,569.12 68,109.57 64,637.77 61,153.68 57,657.25 54,148.43 50,627.19 47,093.47 43,547.24 39,988.45 36,417.06 32,833.02 29,236.28 25,626.81 22,004.55 18,369.46 14,721.50 11,060.62 7,386.77 3,699.91 0.00 Principal 3,363.07 3,374.98 3,386.93 3,398.93 3,410.97 3,423.05 3,435.17 3,447.34 3,459.55 3,471.80 3,484.09 3,496.43 3,508.82 3,521.24 3,533.72 3,546.23 3,558.79 3,571.39 3,584.04 3,596.74 3,609.47 3,622.26 3,635.09 3,647.96 3,660.88 3,673.85 3,686.86 3,699.91 98,809.56 Cumulative Interest 3,573.35 3,911.39 4,237.48 4,551.57 4,853.62 5,143.59 5,421.44 5,687.12 5,940.59 6,181.81 6,410.74 6,627.33 6,831.53 7,023.31 7,202.61 7,369.40 7,523.63 7,665.26 7,794.24 7,910.52 8,014.07 8,104.83 8,182.76 8,247.82 8,299.96 8,339.13 8,365.29 8,378.39 Principal Interest Total 34,171.79 2,958.41 37,130.20 42,633.22 1,923.02 44,556.24 22,004.55 273.56 22,278.11 98,809.56 5,154.99 103,964.55 7/1/02 and 8/1/02 payments were made early 95 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan MARICOPA COUNTY, ARIZONA CALCULATED TOTAL OF INSTALLMENT PURCHASE CONTRACTS PAYABLE Principal and Interest PROPRIETARY FUNDS Department: Purpose: FY 02-03 FY 03-04 FY 04-05 FY 05-06 FY 06-07 FY 07-08 Maricopa Med. Ctr. CT Scanner $ $ 197,255.04 197,255.04 197,255.04 197,255.04 197,255.04 16,437.92 1,002,713.12 Maricopa Med. Ctr. MRI $ $ 96 358,051.08 358,051.08 358,051.08 358,051.08 358,051.08 179,025.52 1,969,280.92 Total Proprietary Funds $ $ 555,306.12 555,306.12 555,306.12 555,306.12 555,306.12 195,463.44 2,971,994.04 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: Maricopa Medical Center 900 C90000771 CT Scanner LOAN DATA Loan amount: Annual interest rate: Term in years: Payments per year: First payment due: AMORTIZATION SCHEDULE Payment No. Date 23 7/1/2002 24 8/1/2002 25 9/1/2002 26 10/1/2002 27 11/1/2002 28 12/1/2002 29 1/1/2003 30 2/1/2003 31 3/1/2003 32 4/1/2003 33 5/1/2003 34 6/1/2003 35 7/1/2003 36 8/1/2003 37 9/1/2003 38 10/1/2003 39 11/1/2003 40 12/1/2003 41 1/1/2004 42 2/1/2004 43 3/1/2004 44 4/1/2004 45 5/1/2004 46 6/1/2004 47 7/1/2004 48 8/1/2004 49 9/1/2004 50 10/1/2004 51 11/1/2004 52 12/1/2004 53 1/1/2005 54 2/1/2005 55 3/1/2005 56 4/1/2005 57 5/1/2005 58 6/1/2005 59 7/1/2005 60 8/1/2005 61 9/1/2005 62 10/1/2005 63 11/1/2005 64 12/1/2005 65 1/1/2006 66 2/1/2006 67 3/1/2006 68 4/1/2006 69 5/1/2006 70 6/1/2006 71 7/1/2006 PERIODIC PAYMENT $1,131,900.00 5.82000% 7 12 9/1/2000 Calculated payment: $16,437.92 Fiscal Year Ended 6/30 Beginning Balance 878,367.78 866,189.94 853,953.04 841,656.79 829,300.91 816,885.10 804,409.07 791,872.53 779,275.19 766,616.75 753,896.92 741,115.40 728,271.89 715,366.09 702,397.70 689,366.41 676,271.92 663,113.92 649,892.10 636,606.16 623,255.78 609,840.65 596,360.46 582,814.89 569,203.62 555,526.34 541,782.72 527,972.45 514,095.20 500,150.64 486,138.45 472,058.30 457,909.86 443,692.80 429,406.79 415,051.49 400,626.57 386,131.69 371,566.51 356,930.69 342,223.88 327,445.75 312,595.94 297,674.11 282,679.91 267,612.99 252,472.99 237,259.56 221,972.35 Interest 4,260.08 4,201.02 4,141.67 4,082.04 4,022.11 3,961.89 3,901.38 3,840.58 3,779.48 3,718.09 3,656.40 3,594.41 3,532.12 3,469.53 3,406.63 3,343.43 3,279.92 3,216.10 3,151.98 3,087.54 3,022.79 2,957.73 2,892.35 2,826.65 2,760.64 2,694.30 2,627.65 2,560.67 2,493.36 2,425.73 2,357.77 2,289.48 2,220.86 2,151.91 2,082.62 2,013.00 1,943.04 1,872.74 1,802.10 1,731.11 1,659.79 1,588.11 1,516.09 1,443.72 1,371.00 1,297.92 1,224.49 1,150.71 1,076.57 Principal 12,177.84 12,236.90 12,296.25 12,355.88 12,415.81 12,476.03 12,536.54 12,597.34 12,658.44 12,719.83 12,781.52 12,843.51 12,905.80 12,968.39 13,031.29 13,094.49 13,158.00 13,221.82 13,285.94 13,350.38 13,415.13 13,480.19 13,545.57 13,611.27 13,677.28 13,743.62 13,810.27 13,877.25 13,944.56 14,012.19 14,080.15 14,148.44 14,217.06 14,286.01 14,355.30 14,424.92 14,494.88 14,565.18 14,635.82 14,706.81 14,778.13 14,849.81 14,921.83 14,994.20 15,066.92 15,140.00 15,213.43 15,287.21 15,361.35 97 Ending Balance 866,189.94 853,953.04 841,656.79 829,300.91 816,885.10 804,409.07 791,872.53 779,275.19 766,616.75 753,896.92 741,115.40 728,271.89 715,366.09 702,397.70 689,366.41 676,271.92 663,113.92 649,892.10 636,606.16 623,255.78 609,840.65 596,360.46 582,814.89 569,203.62 555,526.34 541,782.72 527,972.45 514,095.20 500,150.64 486,138.45 472,058.30 457,909.86 443,692.80 429,406.79 415,051.49 400,626.57 386,131.69 371,566.51 356,930.69 342,223.88 327,445.75 312,595.94 297,674.11 282,679.91 267,612.99 252,472.99 237,259.56 221,972.35 206,611.00 Cumulative Interest 112,362.10 116,563.12 120,704.79 124,786.83 128,808.94 132,770.83 136,672.21 140,512.79 144,292.27 148,010.36 151,666.76 155,261.17 158,793.29 162,262.82 165,669.45 169,012.88 172,292.80 175,508.90 178,660.88 181,748.42 184,771.21 187,728.94 190,621.29 193,447.94 196,208.58 198,902.88 201,530.53 204,091.20 206,584.56 209,010.29 211,368.06 213,657.54 215,878.40 218,030.31 220,112.93 222,125.93 224,068.97 225,941.71 227,743.81 229,474.92 231,134.71 232,722.82 234,238.91 235,682.63 237,053.63 238,351.55 239,576.04 240,726.75 241,803.32 Principal Interest Total 150,823.85 46,431.19 197,255.04 159,839.75 37,415.29 197,255.04 169,394.65 27,860.39 197,255.04 179,520.69 17,734.35 197,255.04 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Agency: Contract Number: Lease Description: 900 C90000771 CT Scanner **Continued LOAN DATA Loan amount: Annual interest rate: Term in years: Payments per year: First payment due: AMORTIZATION SCHEDULE Payment No. Date 72 8/1/2006 73 9/1/2006 74 10/1/2006 75 11/1/2006 76 12/1/2006 77 1/1/2007 78 2/1/2007 79 3/1/2007 80 4/1/2007 81 5/1/2007 82 6/1/2007 83 7/1/2007 84 8/1/2007 PERIODIC PAYMENT $1,131,900.00 5.82000% 7 12 9/1/2000 Calculated payment: $16,437.92 Fiscal Year Ended 6/30 Beginning Balance 206,611.00 191,175.14 175,664.42 160,078.47 144,416.93 128,679.43 112,865.61 96,975.09 81,007.50 64,962.47 48,839.62 32,638.57 16,358.95 Interest 1,002.06 927.20 851.97 776.38 700.42 624.10 547.40 470.33 392.89 315.07 236.87 158.30 79.34 136,523.55 Principal 15,435.86 15,510.72 15,585.95 15,661.54 15,737.50 15,813.82 15,890.52 15,967.59 16,045.03 16,122.85 16,201.05 16,279.62 16,358.58 866,189.57 Ending Balance 191,175.14 175,664.42 160,078.47 144,416.93 128,679.43 112,865.61 96,975.09 81,007.50 64,962.47 48,839.62 32,638.57 16,358.95 0.37 Cumulative Interest 242,805.38 243,732.58 244,584.55 245,360.93 246,061.35 246,685.45 247,232.85 247,703.18 248,096.07 248,411.14 248,648.01 248,806.31 248,885.65 Principal 190,252.05 16,358.58 Interest Total 7,002.99 197,255.04 79.34 16,437.92 Outstanding as of June 30, 2002 Principal 866,189.57 Total Interest Payment 136,523.55 Total Debt Service Payable 1,002,713.12 The July 1, 2002 payment was made in fiscal year 2002. 98 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Department: County Agency: Contract Number: Lease Description: Maricopa Medical Center 900 C90000771 MRI LOAN DATA Loan amount: Annual interest rate: Term in years: Payments per year: First payment due: AMORTIZATION SCHEDULE Payment No. Date 19 8/22/2002 20 9/22/2002 21 10/22/2002 22 11/22/2002 23 12/22/2002 24 1/22/2003 25 2/22/2003 26 3/22/2003 27 4/22/2003 28 5/22/2003 29 6/22/2003 30 7/22/2003 31 8/22/2003 32 9/22/2003 33 10/22/2003 34 11/22/2003 35 12/22/2003 36 1/22/2004 37 2/22/2004 38 3/22/2004 39 4/22/2004 40 5/22/2004 41 6/22/2004 42 7/22/2004 43 8/22/2004 44 9/22/2004 45 10/22/2004 46 11/22/2004 47 12/22/2004 48 1/22/2005 49 2/22/2005 50 3/22/2005 51 4/22/2005 52 5/22/2005 53 6/22/2005 54 7/22/2005 55 8/22/2005 56 9/22/2005 57 10/22/2005 58 11/22/2005 59 12/22/2005 60 1/22/2006 61 2/22/2006 62 3/22/2006 63 4/22/2006 64 5/22/2006 65 6/22/2006 66 7/22/2006 PERIODIC PAYMENT $2,146,564.00 4.50000% 7 12 2/22/2001 Calculated payment: Beginning Balance 1,741,626.04 1,718,319.55 1,694,925.66 1,671,444.04 1,647,874.37 1,624,216.31 1,600,469.53 1,576,633.70 1,552,708.49 1,528,693.56 1,504,588.57 1,480,393.19 1,456,107.08 1,431,729.89 1,407,261.29 1,382,700.93 1,358,048.47 1,333,303.56 1,308,465.86 1,283,535.02 1,258,510.69 1,233,392.52 1,208,180.15 1,182,873.24 1,157,471.42 1,131,974.35 1,106,381.67 1,080,693.01 1,054,908.02 1,029,026.34 1,003,047.60 976,971.44 950,797.49 924,525.39 898,154.77 871,685.26 845,116.49 818,448.09 791,679.68 764,810.89 737,841.34 710,770.66 683,598.46 656,324.37 628,948.00 601,468.97 573,886.89 546,201.38 Ending Balance 1,718,319.55 1,694,925.66 1,671,444.04 1,647,874.37 1,624,216.31 1,600,469.53 1,576,633.70 1,552,708.49 1,528,693.56 1,504,588.57 1,480,393.19 1,456,107.08 1,431,729.89 1,407,261.29 1,382,700.93 1,358,048.47 1,333,303.56 1,308,465.86 1,283,535.02 1,258,510.69 1,233,392.52 1,208,180.15 1,182,873.24 1,157,471.42 1,131,974.35 1,106,381.67 1,080,693.01 1,054,908.02 1,029,026.34 1,003,047.60 976,971.44 950,797.49 924,525.39 898,154.77 871,685.26 845,116.49 818,448.09 791,679.68 764,810.89 737,841.34 710,770.66 683,598.46 656,324.37 628,948.00 601,468.97 573,886.89 546,201.38 518,412.05 $29,837.59 Fiscal Year Ended 6/30 Interest 6,531.10 6,443.70 6,355.97 6,267.92 6,179.53 6,090.81 6,001.76 5,912.38 5,822.66 5,732.60 5,642.21 5,551.48 5,460.40 5,368.99 5,277.23 5,185.13 5,092.68 4,999.89 4,906.75 4,813.26 4,719.42 4,625.22 4,530.68 4,435.77 4,340.52 4,244.91 4,148.93 4,052.60 3,955.91 3,858.85 3,761.43 3,663.64 3,565.49 3,466.97 3,368.08 3,268.82 3,169.19 3,069.18 2,968.80 2,868.04 2,766.91 2,665.39 2,563.50 2,461.22 2,358.56 2,255.51 2,152.08 2,048.26 Principal 23,306.49 23,393.89 23,481.62 23,569.67 23,658.06 23,746.78 23,835.83 23,925.21 24,014.93 24,104.99 24,195.38 24,286.11 24,377.19 24,468.60 24,560.36 24,652.46 24,744.91 24,837.70 24,930.84 25,024.33 25,118.17 25,212.37 25,306.91 25,401.82 25,497.07 25,592.68 25,688.66 25,784.99 25,881.68 25,978.74 26,076.16 26,173.95 26,272.10 26,370.62 26,469.51 26,568.77 26,668.40 26,768.41 26,868.79 26,969.55 27,070.68 27,172.20 27,274.09 27,376.37 27,479.03 27,582.08 27,685.51 27,789.33 99 Cumulative Interest 138,669.76 145,113.46 151,469.43 157,737.35 163,916.88 170,007.69 176,009.45 181,921.83 187,744.49 193,477.09 199,119.30 204,670.78 210,131.18 215,500.17 220,777.40 225,962.53 231,055.21 236,055.10 240,961.85 245,775.11 250,494.53 255,119.75 259,650.43 264,086.20 268,426.72 272,671.63 276,820.56 280,873.16 284,829.07 288,687.92 292,449.35 296,112.99 299,678.48 303,145.45 306,513.53 309,782.35 312,951.54 316,020.72 318,989.52 321,857.56 324,624.47 327,289.86 329,853.36 332,314.58 334,673.14 336,928.65 339,080.73 341,128.99 Principal Interest Total 285,518.96 72,532.12 358,051.08 298,635.66 59,415.42 358,051.08 312,354.93 45,696.15 358,051.08 326,704.44 31,346.64 358,051.08 Maricopa County, Arizona Debt Management Division Department of Finance Debt Management Plan County Agency: Contract Number: Lease Description: 900 C90000771 MRI **Continued LOAN DATA Loan amount: Annual interest rate: Term in years: Payments per year: First payment due: AMORTIZATION SCHEDULE Payment No. Date 67 8/22/2006 68 9/22/2006 69 10/22/2006 70 11/22/2006 71 12/22/2006 72 1/22/2007 73 2/22/2007 74 3/22/2007 75 4/22/2007 76 5/22/2007 77 6/22/2007 78 7/22/2007 79 8/22/2007 80 9/22/2007 81 10/22/2007 82 11/22/2007 83 12/22/2007 84 1/22/2008 PERIODIC PAYMENT $2,146,564.00 4.50000% 7 12 2/22/2001 Calculated payment: Beginning Balance 518,412.05 490,518.51 462,520.37 434,417.23 406,208.71 377,894.40 349,473.92 320,946.86 292,312.82 263,571.40 234,722.20 205,764.82 176,698.85 147,523.89 118,239.52 88,845.33 59,340.91 29,725.85 Ending Balance 490,518.51 462,520.37 434,417.23 406,208.71 377,894.40 349,473.92 320,946.86 292,312.82 263,571.40 234,722.20 205,764.82 176,698.85 147,523.89 118,239.52 88,845.33 59,340.91 29,725.85 -0.26 $29,837.59 Fiscal Year Ended 6/30 Interest 1,944.05 1,839.45 1,734.45 1,629.07 1,523.28 1,417.11 1,310.53 1,203.55 1,096.17 988.39 880.21 771.62 662.62 553.22 443.40 333.17 222.53 111.47 227,654.62 Principal 27,893.54 27,998.14 28,103.14 28,208.52 28,314.31 28,420.48 28,527.06 28,634.04 28,741.42 28,849.20 28,957.38 29,065.97 29,174.96 29,284.37 29,394.19 29,504.42 29,615.06 29,726.11 1,741,626.30 Cumulative Interest 343,073.04 344,912.49 346,646.94 348,276.01 349,799.29 351,216.40 352,526.93 353,730.48 354,826.65 355,815.04 356,695.25 357,466.87 358,129.49 358,682.71 359,126.11 359,459.28 359,681.81 359,793.28 Principal Interest Total 341,713.20 16,337.88 358,051.08 176,699.11 2,326.41 179,025.52 Outstanding as of June 30, 2002 Principal 1,741,626.30 Total Interest Payment 227,654.62 Total Debt Service Payable 1,969,280.92 The July 22, 2002 payment was made in fiscal year 2002. 100 Maricopa County, Arizona Debt Management Division Department of Finance