Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2002 R isk em g an t uaM n A rt en o ep lR Maricopa County, Arizona www.maricopa.gov Comprehensive Annual Financial Report Maricopa County Phoenix, Arizona For the Fiscal Year July 1, 2001 to June 30, 2002 Prepared By Department of Finance Tom Manos, Chief Financial Officer INTRODUCTORY SECTION Table of Contents Listing of Maricopa County Officials Organizational Charts Letter of Transmittal Certificate of Achievement for Excellence in Financial Reporting Comprehensive Annual Financial Report Table of Contents For the Fiscal Year Ended June 30, 2002 Introductory Section Page Table of Contents Listing of Maricopa County Officials Organizational Charts Letter of Transmittal Certificate of Achievement for Excellence in Financial Reporting i v vi viii xi Financial Section Independent Auditors’ Report 1 Maricopa County Citizens Audit Advisory Committee Letter 3 Management’s Discussion and Analysis (MD&A) 4 Basic Financial Statements Definitions of Government-wide Financial Statements and Listing of Major Funds 21 Government-wide Financial Statements Statement of Net Assets Statement of Activities 23 24 Fund Financial Statements Governmental Funds Financial Statements Balance Sheet Statement of Revenues, Expenditures, and Changes in Fund Balances Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities 26 28 30 Proprietary Funds Financial Statements Statement of Net Assets Statement of Revenues, Expenses, and Changes in Fund Net Assets Statement of Cash Flows 32 34 36 Fiduciary Funds Financial Statements Statement of Fiduciary Net Assets Statement of Changes in Fiduciary Net Assets 38 39 Basic Financial Statements - Notes 43 Required Supplementary Information Budgetary Comparison Schedules – General Fund and Major Special Revenue Funds General Fund General Fund by Department Transportation Fund – Special Revenue Fund Flood Control Fund – Special Revenue Fund Jail Operations Fund – Special Revenue Fund 79 80 81 82 83 i Table of Contents (Continued) For the Fiscal Year Ended June 30, 2002 Page Notes to Budgetary Comparison Schedules 84 Schedule of Agent Retirement Plans’ Funding Progress 85 Modified Approach for Infrastructure Assets 86 Other Supplementary Information Budgetary Comparison Schedules - Major Debt Service and Capital Projects Funds General Obligation Fund – Debt Service Fund Lease Revenue Fund – Debt Service Fund Jail Construction Fund – Capital Projects Fund County Improvement Fund – Capital Projects Fund 89 90 91 92 Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects 93 Combining and Individual Fund Statements and Schedules – Nonmajor Funds Listing of Nonmajor Governmental Funds 99 Governmental Funds Combining Balance Sheet Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 104 118 Schedules of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual Special Revenue Funds Adult Probation Grants Fund Adult Probation Services Fund Animal Control Fund Bank One Ballpark Operations Fund CDBG Housing Trust Fund Child Support Automation Fund Child Support Enhancement Fund Children’s Issues Education Fund Clerk of Court EDMS Fund Clerk of Court Grants Fund Conciliation Court Special Fund Correctional Health Grants Fund County Attorney Grants Fund County Attorney Special Fund Court Automation Fund Document Retrieval Fund Domestic Relations Education Fund Economic Development Fund Emergency Management Fund Environmental Services Fund Expedited Child Support Fund ii 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 Table of Contents (Continued) For the Fiscal Year Ended June 30, 2002 Page Special Revenue Funds (Continued) Housing Department Fund Human Services Grants Fund Justice Court Enhancement Fund Justice Court Grants Fund Justice Court Judicial Enhancement Fund Juvenile Court Grants Fund Juvenile Probation Fund Juvenile Restitution Fund Law Library Fund Library Fund Old Courthouse Fund Palo Verde Fund Parks & Recreation Grants Fund Parks Donations Fund Parks Enhancement Fund Parks Lake Pleasant Fund Parks Souvenir Fund Parks Spur Cross Ranch Fund Planning and Development Fund Planning Grants Fund Probate Programs Fund Public Defender Grants Fund Public Defender Training Fund Public Health Fund Public Health Pharmacy Fund Recorder’s Surcharge Fund Research and Reporting Fund RICO Fund Sheriff Donations Fund Sheriff Grants Fund Sheriff Inmate Health Services Fund Sheriff Special Funding Fund Stadium District Fund Superior Court Grants Fund Superior Court Judicial Enhancement Fund Superior Court Special Fund Victim Location Fund Waste Tire Program Fund 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 Debt Service Funds Stadium District Fund 191 Capital Projects Funds Bank One Ballpark Project Reserve Fund Major League Stadium Fund 192 193 Nonmajor Enterprise Funds Listing of Nonmajor Enterprise Funds Combining Statement of Net Assets 197 198 iii Table of Contents (Continued) For the Fiscal Year Ended June 30, 2002 Page Nonmajor Enterprise Funds (Continued) Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets Combining Statement of Cash Flows 199 200 Internal Service Funds Listing of Internal Service Funds Combining Statement of Net Assets Combining Statement of Revenues, Expenses, and Changes in Net Assets Combining Statement of Cash Flows 203 204 206 208 Trust and Agency Funds Listing of Trust and Agency Funds Combining Statement of Fiduciary Net Assets – Investment Trust Funds Combining Statement of Fiduciary Net Assets – Agency Funds Combining Statement of Changes in Fiduciary Net Assets – Investment Trust Funds Combining Statement of Changes in Assets and Liabilities – Agency Funds 213 214 215 216 217 Capital Assets Schedules Capital Assets Used in the Operation of Governmental Funds Comparative Schedules by Source Schedule by Function and Activity Schedule of Changes by Function and Activity 221 222 224 Statistical Section Listing of Statistical Information 227 iv Maricopa County Officials BOARD OF SUPERVISORS Don Stapley, Chairman, District 2 Fulton Brock, District 1 Andrew Kunasek, District 3 Max Wilson, District 4 Mary Rose Garrido Wilcox, District 5 ♦♦♦ COUNTY ADMINISTRATIVE OFFICER David R. Smith ♦♦♦ CHIEF FINANCIAL OFFICER Tom Manos v Organizational Charts Elected/Court Elected/Court Officials Officials Maricopa County Citizens Superintendent Superintendentof of Schools Schools Constables Constables(23) (23) County CountyAttorney Attorney Sheriff Sheriff Board Boardof ofSupervisors/Board Supervisors/Boardof of Directors Directorsfor forFlood FloodControl, Control, Library and Stadium Districts Library and Stadium Districts Clerk Clerkof ofCourt Court Clerk of the Board Assessor Assessor Appointed Treasurer Treasurer S.T.A.R. Call Center Recorder Recorder Elections Internal Audit County Administrative Officer Deputy County Administrator Legal Defender Indigent Representation Public Defender Court Appointed Counsel Legal Advocacy Integrated Criminal Justice Information Systems Criminal Justice Facilities Maricopa Integrated Health System Deputy County Administrator Chief Financial Officer Chief Community Services Officer Chief Health Services Officer Chief Public Works Officer Chief Information Officer Management & Budget Finance Recreation Services Public Health Transportation Office of the C.I.O Human Resources Risk Management Library District Human Services Flood Control District Telecommunications Organizational Planning & Training Materials Management Public Fiduciary Medical Examiner Facilities Management Planning & Development Correctional Health Emergency Management Housing Animal Control Services Research & Reporting General Government Health Care Mandates Community Development Medical Eligibility vi Equipment Services Organizational Charts (Continued) Arizona Judicial Branch in Maricopa County Clerk Clerkofofthe theSuperior SuperiorCourt Court Juvenile JuvenileCourt Court Juvenile Court Center Trial TrialCourts, Courts,Maricopa MaricopaCounty County Superior SuperiorCourt CourtJudges Judgesand and Commissioners Commissioners Maricopa MaricopaCounty CountyJustice JusticeCourts Courts Adult Probation Superior Court Administration vii Justice Court Administration Maricopa County County Administrative Office 301 West Jefferson Street 10th Floor Phoenix, AZ 85003-2143 Phone: 602-506-3571 Fax: 602-506-6338 www.maricopa.gov January 21, 2003 The Honorable Board of Supervisors Maricopa County County Administration Building 301 W. Jefferson Street Phoenix, AZ 85003 It is our pleasure to submit to you the Comprehensive Annual Financial Report of Maricopa County for the year ended June 30, 2002. This report has been prepared in conformity with generally accepted accounting principles (GAAP) as prescribed in pronouncements of the Governmental Accounting Standards Board (GASB). Responsibility for both the accuracy of the data and the completeness and fairness of the presentation, including all disclosures, rests with the management of Maricopa County. We believe the data, as presented, is accurate in all material aspects and shown in a manner designed to present fairly the financial position and results of operations. With these statements, the County is implementing the requirements of Governmental Accounting Standards Board (GASB) Statement 34, as required. This statement represents a dramatic change in governmental financial reporting. The format and purpose of these changes are addressed in the Management’s Discussion and Analysis, which can be found immediately following the Independent Auditors’ Report. We trust you will find this new presentation helpful in understanding the financial status of Maricopa County. Internal Controls The management of Maricopa County is responsible for establishing and maintaining a system of internal control. Internal accounting controls are designed to provide reasonable, but not absolute assurance regarding: 1) the safeguarding of assets against loss from unauthorized use or disposition; and 2) the reliability of financial records for preparing financial statements and maintaining accountability for assets. The concept of reasonable assurance recognizes that: 1) the cost of a control should not exceed the benefits likely to be derived; and 2) the evaluation of costs and benefits requires estimates and judgments by management. All internal control evaluations occur within the above framework. We believe that Maricopa County’s accounting controls adequately safeguard assets and provide reasonable assurance that financial transactions are properly recorded. viii Independent Audit State law requires the State Auditor General to conduct financial audits of the accounts and records of County and State agencies. The examination is conducted in accordance with generally accepted governmental auditing standards, and the Auditor’s Opinion is presented as the first component of the financial section of this report. Single Audit Maricopa County receives both federal and state financial assistance and is responsible for ensuring that an adequate internal control structure is in place to ensure compliance with applicable laws and regulations related to those programs. Management and the accounting staff periodically evaluate this internal control structure. As part of the government’s single audit, tests are made to determine the adequacy of the internal control structure, including that portion related to federal and state financial assistance programs, and County compliance with applicable laws and regulations. The Federal Single Audit Report is issued separately from this report. Expenditure Limitation On June 30, 1980, Arizona voters approved general propositions amending the Arizona Constitution to establish expenditure and revenue limitations for local governments. The purpose of the expenditure limitation is to control expenditures and to limit future increases in spending to adjustments for inflation, deflation and population growth of the County. The Constitution also limits the amount of revenues that may be generated from property taxes. A two-percent plus new construction annual increase is the maximum allowed by law unless special voter approval is obtained. The Reporting Entity The financial reporting entity includes all the funds of the primary government (Maricopa County), as well as its component units. Component units are legally separate entities for which the primary government is financially accountable. Blended component units, although legally separate entities, are, in substance, part of the primary government’s operations and are included as part of the primary government. Accordingly, the Maricopa County Flood Control District, Stadium District, Library District and various improvement districts are reported as part of the governmental fund types of the primary government. There are various school districts, irrigation districts, and fire districts within Maricopa County governed by independently elected boards. The financial statements of such districts are not included in this report except to reflect amounts held in an agency capacity by the County Treasurer. The reporting entity is further described in the Notes to the Financial Statements. (Note 1 - Summary of Significant Accounting Policies) Cash Management and Investment The Maricopa County Treasurer is responsible for investing cash from the county, schools, and special districts. The Arizona Revised Statutes for investment of public monies provides guidance to the Treasurer. The investment practice is to minimize credit and market risks while maintaining a competitive yield on its portfolio. The effective annual yield on investments for fiscal year 2002 was 4.35%. Interest earned by County funds is apportioned quarterly based on the average daily cash balance. ix Risk Management The County is exposed to various risks of loss related to general and auto liability, property, aviation liability, medical malpractice, and workers compensation. The County is self-insured for the first $2,000,000 per occurrence of general and auto liability, $2,000,000 per occurrence of medical malpractice, and $1,000,000 per occurrence of workers compensation. Coverage in excess of these respective amounts is provided through the purchase of commercial insurance. The County has not had any claims that have exceeded the commercial coverage in the last three years. Maricopa County has a safety program that promotes employee safety on the job and focuses on risk control techniques designed to minimize accident-related losses. In addition to the safety program’s preventative measures, the Risk Management Department investigates every claim and arbitrates each loss in order to minimize the County’s liability exposure. Awards The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to Maricopa County, Arizona for its comprehensive annual financial report for the fiscal year ended June 30, 2001. This was the thirteenth consecutive year that the government has achieved this prestigious award. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized comprehensive annual financial report. This report must satisfy both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. We believe that our current comprehensive annual financial report continues to meet the Certificate of Achievement Program’s requirements and we are submitting it to the GFOA to determine its eligibility for another certificate. Acknowledgment The preparation of this report could not be accomplished without the efficient and dedicated services of the Department of Finance staff, the assistance of administrative personnel in the various departments, and the competent service of the State Auditor General’s Office. We appreciate all of those who assisted in and contributed to the preparation of this report. We also wish to express our sincere appreciation to the Board of Supervisors for their support in planning and overseeing the financial operations of the County in a responsible and progressive manner. Respectfully submitted, David R. Smith County Administrative Officer Tom Manos Chief Financial Officer x xi xii FINANCIAL SECTION Independent Auditors’ Report Citizens Audit Advisory Committee Management’s Discussion and Analysis (MD&A) Basic Financial Statements Basic Financial Statements - Notes Required Supplementary Information Budgetary Comparison Schedules – General Fund and Major Special Revenue Funds Notes to Budgetary Comparison Schedules Schedule of Agent Retirement Plans’ Funding Progress Modified Approach for Infrastructure Assets Other Supplementary Information Budgetary Comparison Schedules – Major Debt Service and Capital Projects Funds Combining and Individual Fund Statements and Schedules Nonmajor Governmental Funds Nonmajor Enterprise Funds Internal Service Funds Trust and Agency Funds Capital Assets Schedules Maricopa County Management’s Discussion and Analysis This discussion and analysis is intended to be an easily readable analysis of Maricopa County’s (County) financial activities based on currently known facts, decisions or conditions. This analysis focuses on current year activities and should be read in conjunction with the Transmittal Letter that begins on Page viii and with the County’s basic financial statements following this section. Financial Highlights • At June 30, 2002, the assets of the County (primary government) exceeded liabilities by $1,930,834,143 (net assets). Of this amount, $214,823,899 (unrestricted net assets) may be used to meet ongoing obligations to citizens and creditors, $375,721,923 is restricted for specific purposes (restricted net assets), and $1,340,288,321 is invested in capital assets, net of related debt. • The County’s total net assets as reported in the Statement of Activities increased by $300,097,722. Of this amount, $294,021,377 is attributable to governmental activities and $6,076,345 is attributable to business-type activities. • At June 30, 2002, the governmental funds reported combined fund balances of $673,536,272 (as restated), or an increase in fund balance of $16,188,563 in comparison with the prior year. Approximately 96% of the combined fund balances or $644,937,689 are available to meet the County’s current and future needs (unreserved fund balance). • The net assets for the proprietary funds (business-type activities) as of June 30, 2002, increased by $6,076,345. However, the proprietary funds, which mainly consist of the Maricopa County Integrated Health System (Medical Center, Maricopa Health Plan, ALTCS, and Non-AHCCCS), showed a loss before transfers of over $19.6 million. The increase in net assets is attributable to the net transfers of more than $25.7 million. • At June 30, 2002, unreserved fund balance for the General Fund was $249,039,062, approximately 46% of total General Fund expenditures. In accordance with Arizona Revised Statutes (A.R.S.), this entire amount is budgeted to be spent in the next fiscal year. A.R.S. 42-17151 requires that total estimated sources of revenue must equal the total estimated expenditures in the budget for the current fiscal year. The estimated expenditures may include an amount for unanticipated contingencies or emergencies, per A.R.S. 42-17102. • At June 30, 2002, the County’s total long-term debt related to governmental activities for bonds, loans, and other payables was $445,435,800. General obligation bonds, lease revenue bonds and Stadium District revenue bonds represent 50% of the governmental activities long-term debt. The final payments on the general obligation bonds, lease revenue bonds and Stadium District revenue bonds are due in fiscal years 2005, 2016, and 2019, respectively. Overview of the Financial Statements This discussion and analysis is intended to serve as an introduction to the County’s basic financial statements. The County’s basic financial statements comprise three components 1) Government-wide financial statements; 2) Fund financial statements; and 3) Notes to the basic financial statements. Required Supplementary Information is included in addition to the basic financial statements. In addition, the comprehensive annual financial report includes the budget and actual schedules for the major Debt Service and Capital Projects Funds beginning on page 89. The Combining and Individual Fund Statements and Schedules – Nonmajor Funds begin on page 104. Government-wide Financial Statements are designed to provide readers with a broad overview of the County finances, in a manner similar to private-sector businesses. 4 Maricopa County Management’s Discussion and Analysis • The Statement of Net Assets presents information on all County assets and liabilities, with the difference between the two reported as net assets. Over time, increases or decreases in net assets may serve as a useful indicator of whether the financial position of the County is improving or deteriorating. • The Statement of Activities presents information showing how net assets changed during the most recent fiscal year. All changes in net assets are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will result in cash flows in future fiscal periods (e.g., uncollected taxes and earned but unused vacation leave). Both of these government-wide financial statements distinguish functions of the County that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or in part a portion of their costs through user fees and charges (business-type activities). The governmental activities of the County include general government; public safety; highways and streets; health, welfare and sanitation; culture and recreation; education; and interest on long-term debt. The business-type activities of the County include the Medical Center, Arizona Health Care Cost Containment System (AHCCCS) Plan, Arizona Long-Term Care System (ALTCS) Plan, and other business-type activities (Non-AHCCCS Health Plans and Solid Waste). Component units are included in our basic financial statements and consist of legally separate entities for which the County is financially accountable and that have substantially the same board as the County or provide services entirely to the County. The blended component units included are the Maricopa County Flood Control District, Maricopa County Library District, Maricopa County Public Finance Corporation, Maricopa County Special Assessment Districts, Maricopa County Stadium District, and the Maricopa County Street Lighting Districts. The County has no discretely presented component units. The Government-wide Financial Statements can be found on pages 23-25 of this report. Fund Financial Statements are groupings of related accounts that are used to maintain control over resources that have been segregated for specific activities or objectives. The County, like other state and local governments, uses fund accounting to ensure and demonstrate finance-related legal compliance. All of the funds of the County can be divided into three categories: governmental funds, proprietary funds and fiduciary funds. • Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental funds financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a county’s nearterm financing requirements. Governmental funds include the general, special revenue, debt service, and capital projects funds. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the government’s near-term financing decisions. Both the governmental funds balance sheet and the governmental funds statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. 5 Maricopa County Management’s Discussion and Analysis The County reports eight major governmental funds. Information is presented separately in the governmental funds Balance Sheet and in the governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances for the General, Transportation, Flood Control, Jail Operations, General Obligation, Lease Revenue, Jail Construction and County Improvement funds. Data from the other governmental funds (nonmajor) are combined into a single, aggregated presentation. Individual fund data for each of these nonmajor governmental funds is provided in the form of combining statements, which begin on page 104 of this report. The governmental funds financial statements can be found on pages 26-30 of this report. • Proprietary funds are maintained two ways. Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statement. The County uses enterprise funds to account for the Medical Center, Maricopa Health Plan, Arizona Long-Term Care System (ALTCS), and the Non-AHCCCS Health Plans – these four components comprise the Maricopa Integrated Health System - and Solid Waste operations. Internal service funds are an accounting device used to accumulate and allocate costs internally among the County’s various functions. The County uses internal service funds to account for its equipment services, telecommunications, reprographics, risk management, employee benefits trust and sheriff warehouse functions. Because these services predominantly benefit governmental rather than business-type functions, they have been included within governmental activities in the government-wide financial statements. Fund financial statements for the proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. The Medical Center, Maricopa Health Plan and Arizona Long-Term Care System (ALTCS) operations are considered to be major funds of the County. Data from the other enterprise funds are combined into a single, aggregated presentation. The County’s internal service funds are combined into a single, aggregated presentation in the proprietary funds financial statements. Individual fund data for each of these nonmajor enterprise and internal service funds is provided in the form of combining statements, which begin on page 198 of this report. The proprietary funds financial statements can be found on pages 32-37 of this report. • Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the government-wide financial statements because the resources of those funds are not available to support the County’s own programs. The accounting used for fiduciary funds is much like that used for proprietary funds. The fiduciary funds financial statements can be found on pages 38-39 of this report. Notes to the Financial Statements provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. The notes can be found on pages 44-76 of this report. Required Supplementary Information is presented concerning the County’s General Fund, Transportation, Flood Control and Jail Operations funds. A budgetary comparison schedule has been provided for each of these funds to demonstrate compliance with budget and additional information is provided by the Notes to Budgetary Comparison Schedules. Also presented is the schedule of funding progress for the County’s two agent retirement plans and infrastructure assets reported using the modified approach. Required supplementary information can be found on pages 79-86 of this report. 6 Maricopa County Management’s Discussion and Analysis Other Supplementary Information follows the Required Supplementary Information. Budgetary comparison schedules for the major Debt Service and Capital Projects Funds begin on page 89 of this report. The combining and individual fund statements and schedules referred to earlier provide information for nonmajor governmental funds and enterprise funds as well as the County’s internal service funds, investment trust and agency funds. Combining and individual fund statements and schedules for nonmajor funds begin on page 104 of this report. Government-wide Financial Analysis This year is the first fiscal year that the County applied Governmental Accounting Standards Board (GASB) Statement No. 34. The County has not restated prior periods for purposes of providing the comparative data for the Management’s Discussion and Analysis (MD&A) because certain prior-year information is unavailable. However, in future years, when prior-year information is available, a comparative analysis of government-wide data will be presented. Net Assets As noted earlier, net assets may serve over time as a useful indicator of a government’s financial position. In the case of the County, at June 30, 2002, assets exceeded liabilities by $1,930,834,143. By far the largest portion ($1,340,288,321 or 69%) of the County’s net assets reflects the investment in capital assets (e.g. land, buildings, machinery and equipment, infrastructure and construction in progress), less any related debt used to acquire those assets that is still outstanding. The County uses these capital assets to provide services to its citizens; consequently, these assets are not available for future spending. Although the County’s investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. Statement of Net Assets June 30, 2002 Governmental Activities Current and other assets Capital assets Total assets $ Current and other liabilities Long-term liabilities Total liabilities Net assets Invested in capital assets, net of related debt Restricted net assets Unrestricted net assets Total net assets 877,153,552 1,528,821,391 2,405,974,943 Business-type Activities $ 224,763,575 377,118,115 601,881,690 $ 1,259,210,540 321,969,019 222,913,694 1,804,093,253 134,025,729 116,608,599 250,634,328 Total $ 88,334,147 35,559,291 123,893,438 $ 81,077,781 53,752,904 (8,089,795) 126,740,890 1,011,179,281 1,645,429,990 2,656,609,271 313,097,722 412,677,406 725,775,128 $ 1,340,288,321 375,721,923 214,823,899 1,930,834,143 From the County’s total net assets, $375,721,923 or approximately 20% represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net assets ($214,823,899 or 11%) may be used to meet the government’s ongoing obligations to the citizens and creditors. 7 Maricopa County Management’s Discussion and Analysis At the end of the current fiscal year, the County is able to report positive balances in all three categories of net assets for the governmental activities. However, the business-type activities are reporting a deficit in the unrestricted net assets category of $8,089,795. The majority of the net assets reported for the business-type activities, $126,740,890, are either invested in capital assets, $81,077,781, or restricted to meet the reserve requirements set forth by the Arizona Health Care Cost Containment System (AHCCCS), the Arizona Long-Term Care System (ALTCS) and other debt related reserve restrictions, $53,752,904. The main contributor to the deficit in the unrestricted net assets would be the Medical Center, which has historically reported operating deficits due in part to providing services to the indigent. The County continues its efforts to address the vision and strategic goals of the Medical Center operations as well as the Maricopa Integrated Health System as a whole. The County’s total net assets of $1,930,834,143 increased by $300,097,722 as reported in the Statement of Activities below. Of this amount, $294,021,377 is attributable to governmental activities, and $6,076,345 is related to business-type activities. The increase in total net assets for governmental activities resulted primarily from an increase in net capital assets due to significant capital projects during the current fiscal year. The net assets invested in capital assets balance increases as a result of capital expenditures and decreases as capital assets are depreciated over their useful lives. Changes in Net Assets The following table indicates the changes in net assets for governmental and business-type activities: Statement of Activities For the Year Ended June 30, 2002 Governmental Activities Revenues: Program revenues: Charges for services Operating grants and contributions Capital grants and contributions $ General revenues: Property taxes Other taxes Grants and contributions not restricted to specific programs Unrestricted interest and investment earnings Miscellaneous Total Revenues 141,930,301 202,885,094 2,712,908 Business-type Activities $ 344,469,999 613,714,621 8,700,138 29,404,833 10,627,773 1,354,445,667 Expenses: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Interest on long-term debt Medical Center Arizona Health Care Cost Containment System (AHCCCS) Plan Arizona Long Term Care System (ALTCS) Plan Other business-type activities Total Expenses Excess (deficiency) before loss on disposal of capital assets and transfers Loss on assets Transfers Change in net assets Net assets – beginning Net assets – ending 708,608,852 6,272,958 Total $ 6,359,401 1,972,145 723,213,356 344,469,999 613,714,621 8,700,138 35,764,234 12,599,918 2,077,659,023 1,025,816,211 340,556,596 93,168,287 241,654,207 67,406,686 742,785,776 124,501,063 490,943,644 52,464,778 304,220,867 25,453,164 16,675,171 11,557,524 340,556,596 93,168,287 241,654,207 67,406,686 1,768,601,987 328,629,456 (8,856,034) (25,752,045) 294,021,377 1,510,071,876 1,804,093,253 (19,572,420) (103,280) 25,752,045 6,076,345 120,664,545 126,740,890 124,501,063 490,943,644 52,464,778 304,220,867 25,453,164 16,675,171 11,557,524 $ 8 850,539,153 209,158,052 2,712,908 $ 309,057,036 (8,959,314) $ 300,097,722 1,630,736,421 1,930,834,143 Maricopa County Management’s Discussion and Analysis Governmental Activities As stated earlier, the functions of the County that are principally supported by taxes and intergovernmental revenues (governmental activities) include general government; public safety; highways and streets; health, welfare and sanitation; culture and recreation; and education. The County’s total net assets increased by $300,097,722 during the current fiscal year. Governmental activities of the County contributed $294,021,377 or 98% to this increase. The majority of this increase is attributable to an increase in net capital assets. For the most part, revenues and expenses grew 5% to 10% in line with the budget which anticipated a slower than normal economy. One of the main differences a reader will see between the governmental funds reported in the fund financial statements and the Statement of Activities is that governmental funds in the fund financial statements report capital outlays as expenditures. However, in the Statement of Activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. Capital outlay expenditures exceeded depreciation expense in the current period by $261,655,774. The increase in net assets in governmental activities of $294,021,377 was primarily the result of reporting depreciation expense in the Statement of Activities. Business-Type Activities As discussed earlier, the business-type activities of the County include the Medical Center, Arizona Health Care Cost Containment System (AHCCCS) Plan, Arizona Long-Term Care System (ALTCS) Plan, the Non-AHCCCS Health Plans – these four components are the Maricopa Integrated Health System and Solid Waste. Business-type activities increased the County’s net assets by only $6,076,345, accounting for 2% of the total growth in the County’s net assets. The change in net assets is a significant indicator to the profitability of the County’s business-type activities. The Maricopa Integrated Health System makes up 93% of the net assets of the business-type activities. As alluded to above, the Maricopa Integrated Health System contributes only a small percent to the increase in net assets even though it comprises approximately 35% and 42% of the County’s revenues and expenses, respectively. The County continues its efforts to address the vision and strategic goals of the Medical Center operations as well as the Maricopa Integrated Health System as a whole. Financial Analysis of the County’s Funds As noted earlier, the County uses fund accounting to ensure and demonstrate compliance with financerelated legal requirements. Governmental Funds. Governmental activities are contained in the general, special revenue, debt service, and capital projects funds. The focus of the County’s governmental funds is to provide information on near-term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the County’s financing requirements. In particular, unreserved fund balance may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year. As discussed earlier, as of June 30, 2002, the governmental funds reported combined fund balances of $673,536,272, and an increase in fund balance of $16,188,563 in comparison with the prior year. Approximately 96% of the combined fund balances or $644,937,689 is available to meet the County’s current and future needs (unreserved fund balance). The remaining fund balance is reserved for inventories, capital lease expenditures and debt service. 9 Maricopa County Management’s Discussion and Analysis The General Fund is the County’s primary operating fund. At the end of the current fiscal year, unreserved fund balance of the General Fund was $249,039,062, while total fund balance reached $254,122,264. As a measure of the General Fund’s liquidity, it may be useful to compare both unreserved fund balance and total fund balance to the total fund expenditures. Unreserved fund balance represents 45.6% of total General Fund expenditures, while total fund balance represents 46.5% of that same amount. These ratios indicate a strong fund balance position in comparison to expenditures. The following table presents the amount of governmental revenues from various sources as well as increases or decreases from the prior year. Revenues Classified by Source Governmental Funds (in millions) Revenues by Source Taxes Licenses and permits Intergovernmental Charges for services Fines and forfeits Miscellaneous Totals FY 2000-01 Percent Amount of Total $ 316.6 25% 23.7 2 803.7 62 65.8 5 14.9 1 65.7 5 $ 1,290.4 100% FY 2001-02 Percent Amount of Total $ 343.0 25% 26.1 2 831.6 62 68.8 5 15.8 1 69.9 5 $ 1,355.2 100% Increase/(Decrease) Percent Amount of Total $ 26.4 41% 2.4 4 27.9 43 3.0 5 .9 1 4.2 6 $ 64.8 100% During fiscal year 2002, the County experienced an increase in governmental revenues from the previous year of $64.8 million, a 5% increase. This increase is very close to the increase experienced in fiscal year 2001 of 5.1%. The main sources of this increase are taxes and intergovernmental revenue. The following narrative will provide information regarding the year to year change for these two revenue sources. Taxes Assessed Valuations: The primary valuation in fiscal year 2002 increased by 10.3% to $21.4 billion and the secondary valuation increased by 9.7% to $22.9 billion when compared to the previous year. The secondary valuation is a more accurate indicator of market conditions since increases in the primary valuation are controlled by State statute. The increase in fiscal year 2002 of 9.7% is less than the increase in fiscal year 2001 of 11.8%, which reflects the current slowing in the economy. Property Tax Collections: Current tax collections were 96.6% of the levy, down 0.3% from the previous year. Total property tax collections were $323.1 million, approximately $24.4 million more than the previous year, due to an increase of $25.1 million in the levy. Historically, collections against the year’s levy have been approximately 96.7%, based on the last 10 years. The balance of the tax revenue source is comprised of in-lieu taxes, penalties, and interest on past due taxes. In-lieu taxes include the Salt River Project contributions and in-lieu taxes from various governmental entities. In-lieu taxes increased $1.7 million from the previous year to $9.5 million. Penalties and interest remained the same from the previous year at $9.9 million. 10 Maricopa County Management’s Discussion and Analysis Intergovernmental Major items included in intergovernmental revenue during fiscal year 2002 are Sales Tax ($325.7 million), Jail Tax ($98.2 million), Vehicle License Tax ($106.1 million), Highway User Fuel Tax ($78.3 million), and Federal and State grants. The major items causing the increase in intergovernmental revenues ($27.9 million), are increases of about $18.5 million in Federal and State Grants and other miscellaneous intergovernmental revenue, plus an increase of about $6.1 and $3.3 million in Vehicle License Tax and Sales Tax, respectively. Sales Tax: The State collects transaction privilege taxes (Sales Tax) on nearly 20 types of business activities. A portion of each of these taxes is allocated to a pool for distribution to cities, counties and the State. Of this pool, 40.51% is allocated to Arizona counties. This allocation is based on a statutory formula that utilizes a county's population, assessed value and location of actual sales tax receipts compared to the total of all of these for all counties. Sales Tax of $325,728,202 increased $3,298,609 or 1% over the previous year. This is a significant drop from the prior year increase of 4%. Jail Tax: The County assesses a 0.2% Jail Tax on all transactions subject to the State transaction privilege tax to fund the construction and operation of adult and juvenile detention facilities. This tax became effective January 1, 1999. Total collections of Jail Tax of $98,177,716 increased only $425,341 from the prior fiscal year, or 0.4%. Vehicle License Tax: The State assesses Vehicle License Tax annually on all vehicles and distributes the tax to the cities and towns based upon relative population. The County General Fund receives the proceeds from the tax. In addition, the Transportation Fund receives a small portion of Vehicle License Tax directly from the State. Combined General Fund and Transportation Fund Vehicle License Tax of $106,115,829 increased $6,096,375 or 6% over the previous fiscal year. This tax held strong for the County as this increase was 0.2% greater than the prior year’s increase. Highway User Fuel Tax: The State levies a gas tax (Highway User Fuel Tax) on motor fuel sold within the State. The primary purpose of the gas tax is to fund the construction and maintenance of streets and highways. Of the gas tax revenues collected, 19% is allocated to counties based upon State statute. Highway User Fuel Tax of $78,285,210 increased $41,941 from the prior fiscal year. The following table presents governmental expenditures by function compared to prior year amounts. Expenditures by Function Governmental Funds Expenditures by Function General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Capital outlay Debt service Totals FY 2000-01 Amount Percent (millions) of Total $ 101.7 8% 459.5 38 59.8 5 295.2 25 16.3 1 16.5 1 229.7 19 31.8 3 $ 1,210.5 100% 11 FY 2001-02 Amount Percent (millions) of Total $ 99.3 8% 481.8 36 55.2 4 311.5 24 17.6 1 16.6 1 294.0 22 51.1 4 $ 1,327.1 100% Increase/(Decrease) Amount Percent (millions) of Total $ (2.4) (2)% 22.3 19 (4.6) (4) 16.3 14 1.3 1 .1 0 64.3 55 19.3 17 $ 116.6 100% Maricopa County Management’s Discussion and Analysis Expenditures for governmental fund types for fiscal year 2002 increased by $116.6 million or 9.6% from the prior year. The percentage increase in expenditures during fiscal year 2001 was almost 1% higher. The increase in fiscal year 2002 is primarily attributed to capital outlay. The following narrative will provide information regarding the year to year change for the significant expenditure functions that experienced an increase from the prior year. Public Safety The major areas in Public Safety ($481.8 million) include the Jail Operations Fund ($120.6 million), the Court System ($101.8 million), the County Attorney’s Office ($50.2 million), the Sheriff’s Office ($48.4 million), Indigent Representation ($42.3 million) and Probation Services ($63.2 million). The major areas of increase in Public Safety expenditures ($22.3 million) during fiscal year 2002, were predominately related to Jail Operations ($6.5 million), Court System ($6.1 million) and Indigent Representation ($9.2 million). The remaining increase in Public Safety expenditures related to other various departments. Health, Welfare and Sanitation Expenditures in Health, Welfare and Sanitation increased by $16.3 million from the prior year or 5.5%. The increase occurred primarily in the Health Care Mandates expenditures, with an offset in the Medical Assistance Program. The increase is attributable to state-mandated increases in our ALTCS, AHCCCS and restoration to competency shared revenue withholdings. The decrease in the Medical Assistance Program is the result of Proposition 204, which transferred this program to the State of Arizona effective October 1, 2001. Capital Outlay Capital Outlay increased $64.3 million to $294 million during fiscal year 2002. The most significant increase occurred in the Jail Construction Fund (in excess of $103.8 million), due to the costs related to the new juvenile and adult detention facilities. However, there was a decrease in general capital spending for the county due to management’s strategic planning and the impact of the unstable economic condition. The spending increase for jail construction was partially offset by reductions in spending in other funds including the County Improvement Fund ($13.9 million), and the Flood Control and Transportation funds ($28 million). Debt Service The increase of $19.3 million in Debt Service expenditures compared to the previous fiscal year is primarily due to the debt service due on the Lease Revenue Bonds, Series 2001. See Long-Term Debt discussion on page 15 for further information. Proprietary funds. The County’s proprietary funds provide the same information found in the government-wide financial statements, but in more detail. The following table shows actual revenues, expenses and results of operations for the current fiscal year for proprietary funds. 12 Maricopa County Management’s Discussion and Analysis Statement of Revenues, Expenses and Changes in Fund Net Assets Proprietary Funds Medical Center Operating revenues $ 293,833,568 Other Major Funds Nonmajor Funds $ $ 352,448,361 Operating expenses Operating income (loss) 335,428,872 (41,595,304) 334,822,494 17,625,867 Nonoperating revenues (expenses), net Income (loss) before transfers Transfers, net Change in net assets 71,320 (41,523,984) 65,275,502 23,751,518 5,079,079 22,704,946 (44,013,094) (21,308,148) $ $ 64,299,068 Total $ 710,580,997 67,392,550 (3,093,482) 737,643,916 (27,062,919) 2,236,820 (856,662) 4,489,637 3,632,975 7,387,219 (19,675,700) 25,752,045 6,076,345 $ $ The net assets for the proprietary funds (business type activities) as of June 30, 2002, increased by $6,076,345. However, total unrestricted net assets for the proprietary funds totaled a deficit of $8,089,795. The majority of this deficit is attributable to the Medical Center deficit unrestricted net assets of $15,827,761 which is offset by the Solid Waste unrestricted net assets balance. The net loss before transfers for the proprietary funds of $19,675,700 resulted primarily from a net loss of $41,523,984 from the Medical Center, which is offset in part by the income in the other Major Funds of $22,704,946. The loss before transfers in the Medical Center more than doubled from the prior fiscal year. The Medical Center received transfers from the General Fund of over $66 million. Of these transfers over $39 million were funded through the Maricopa Integrated Health System (AHCCCS and ALTCS). Some of the factors that impact the Medical Center’s operations are the costs of pharmaceuticals, medical supplies and equipment that continue to rise and the challenge of providing services to the indigent. Major Funds (General and Special Revenue Funds) Budgetary Highlights The difference between the original budget and the final amended budget for the General Fund resulted in a $5 million decrease of revenues and a $27 million increase in expenditures. The increase in expenditures were primarily from a reduction in general government departments of $9.8 million, and an increase in public safety departments of $5.3 million, and a $31.3 million increase in health, welfare and sanitation departments. The remaining $.2 million is from culture and recreation and education departments. The Transportation Fund had no changes from its original budget. Even though actual revenues and expenditures were below budget (22% and 12%, respectively), Transportation reported an ending fund balance in line with the budget. This was due to the fact that the actual beginning fund balance at July 1, 2001, exceeded the budgeted beginning fund balance offset by the difference between actual and budgeted revenues and expenditures of the current fiscal year. The Flood Control District had minor budget adjustments to expenditures from its original budget. Actual revenues were below budget by about 7%, but expenditures were below by over 15%. Thus, ending fund balance exceeded budget estimates. The Jail Operations Fund had minor adjustments to expenditures and transfers in between the original and final amended budget. The operations in the Jail Operations Fund are for the most part covered by a transfer in of Maintenance of Effort funds from the General Fund. So, when expenditures are increased, there will also be an increase in transfers. 13 Maricopa County Management’s Discussion and Analysis Capital Assets and Debt Administration Capital Assets The County’s investment in capital assets for its governmental and business-type activities as of June 30, 2002, amounted to $1,645,429,990 (net of accumulated depreciation). This investment in capital assets includes land, buildings, infrastructure, machinery and equipment, and construction in progress. The total increase in the County’s investment in capital assets for the current period was 17.4%. The most significant impact on the increase in capital assets for the fiscal year ended June 30, 2002, was the ongoing construction of the adult and juvenile detention facilities. This accounted for approximately 60% of the increase in capital assets. Capital assets for the governmental and business-type activities are presented below (in millions) to illustrate changes from the prior year: Governmental activities FY 2001 FY 2002 Restated $ 177.4 $ 146.5 357.0 355.1 Land Infrastructure Buildings (net of accumulated depreciation) 571.6 Machinery and equipment (net of accumulated depreciation) 57.7 Construction in progress 365.1 Totals $ 1,528.8 Business-type activities Total FY 2002 $ 2.9 FY 2001 $ 1.5 FY 2002 $ 180.3 357.0 FY 2001 Restated $ 148.0 355.1 552.9 47.5 38.9 619.1 591.8 61.6 181.2 $ 1,297.3 40.5 25.7 116.6 30.2 33.3 103.9 98.2 390.8 $ 1,645.4 91.8 214.5 $ 1,401.2 Increase/ (Decrease) Percent of change 13% 1 11 3 $ $ 72 100% The County reported infrastructure assets acquired during the fiscal year 2002 in the government-wide financial statements, as required by GASB Statement No. 34. The Statement also requires the retroactive reporting of all infrastructure assets acquired prior to July 1, 2001, to be reported by the fiscal year ended June 30, 2006. Infrastructure assets are reported in capital outlay expenditures within the Transportation and the Flood Control funds. All current and prior years infrastructure assets of the Transportation Fund are reported on the government-wide financial statements. For Flood Control, only infrastructure assets acquired in fiscal year 2002 are reported. Infrastructure assets acquired prior to July 1, 2001, are reported at estimated historical cost. Infrastructure assets acquired during the current fiscal year are reported at historical cost. The Transportation Fund infrastructure assets consist of a roadway system and a bridge system. Both systems are reported under the modified approach, which means the County will maintain the assets using an asset management system and will document that the infrastructure assets are being preserved at the established condition level. The roadway system is measured using the Road Management System (RMS), which is based on the weighted average of nine distress factors for the pavement surface. The RMS system uses a measurement scale to evaluate the pavement condition rating ranging from 0 for a failed pavement to 100 for a pavement in perfect condition. The County’s policy is to maintain at least 90% of the roadway system as very good to excellent. The County measures the pavement condition assessments annually for arterial roads and every other year for local roads. At June 30, 2002, 95% of the roadways were considered very good to excellent. The bridge system is measured using the bridge inspection program, which follows Federal mandates and regulations. A bridge sufficiency rating is determined using a weighted average based on an assessment of the ability of individual bridge components to meet necessary performance requirements on a condition scale from 0 to 100. 14 Maricopa County Management’s Discussion and Analysis The County’s policy is to maintain at least 90% of the bridges with a sufficiency rating of greater than or equal to 70. The County measures the bridge’s sufficiency rating every two years. At June 30, 2002, 97% of the bridge system had a sufficiency rating greater than 70. The Flood Control Fund accounts for the remaining infrastructure assets, which consists of drainage systems, dams, flood channels and canals. No depreciation expense was reported for Flood Control for the current fiscal year as all infrastructure assets were reported as construction in progress. At June 30, 2002, the County’s infrastructure assets totaled $524,192,909 reported on the governmentwide financial statements as infrastructure - $357,036,458, construction in progress - $92,166,431 and land - $74,990,020. Additional information regarding infrastructure assets can be found in the Notes to the Financial Statements (Note 1 - Summary of Significant Accounting Policies and Note 10 - Capital Assets), and in the Required Supplementary Information Modified Approach for Infrastructure Assets page 86. Long-Term Debt At June 30, 2002, the County had total long-term debt outstanding of $538,655,287. The largest components of debt consists of General Obligation Bonds $58,370,000, Lease Revenue Bonds $124,855,000, Stadium District Revenue Bonds $58,225,000, claims and judgements payable $133,353,486 and reported and incurred but not reported claims $92,697,476. General obligation bonds are paid from the secondary property tax levy. At June 30, 2002, 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. On December 1, 2001, the County issued $20,165,000 (par value) in refunding general obligation bonds to current refund term bonds with a par value of $20,000,000. The result of the refunding was an economic gain of $708,166. Lease revenue bonds applicable to governmental activities are paid from the Lease Revenue Fund (debt service fund) that was funded in prior years by transfers from the General Fund and is predominately unrestricted. At June 30, 2002, fund balance to pay future liabilities was $110,233,780. Proceeds from the bonds are currently being used for capital projects. Stadium District revenue bonds are paid from car rental surcharges per State statute. On June 5, 2002, the Stadium District issued $58,225,000 (par value) in revenue refunding bonds. Proceeds in the amount of $57,390,570 plus an additional $750,000 of Stadium District monies were used to redeem all outstanding bonds and debt with governmental commitment. The bonds were issued at a premium of $3,115,977. Claims and judgements payables of $133,353,486 are estimated long-term liabilities for lawsuits and claims pertaining to indigent health care and environmental hazards that are paid from the General Fund. Reported and incurred but not reported claims applicable to governmental activities of $42,471,463 are reported in the Risk Management and Employee Benefits Trust funds (internal service funds). The claims are actuarial estimates for the County’s self-insured portion of future claims for general litigation related to torts; theft of, damage to, and destruction of assets; errors and omissions; injuries to employees; natural disasters; and certain health benefits that are paid through the operations of the funds. Reported and incurred but not reported claims applicable to business-type activities of $50,226,013 are reported in the Maricopa Health Plan, ALTCS, and Non-AHCCCS Health Plans funds (enterprise funds). The claims are actuarial estimates for future claims that are paid through the operation of the funds. Additional information regarding long-term liabilities can be found in the Notes to the Financial Statements (Note 12 – Long-Term Liabilities and Note 15 – Risk Management). 15 Maricopa County Management’s Discussion and Analysis Economic Factors and Next Year’s Budget and Rates • The post September 11, 2001, events continue to impact Maricopa County’s recessionary economy. The major areas hit hardest by the recession include manufacturing, transportation, tourism, construction and retail sales. Sales tax revenue decreased from the sustained market decline in the technology sector, higher unemployment, the bottoming out of the stock markets, far fewer visitors to the area, and a lack of consumer confidence. Unemployment reached 5% at year-end; the year began at 3.7%. • According to the Economic Outlook 2003, a publication by the University of Arizona, nearly 10,000 manufacturing jobs were lost Countywide since the beginning of the recession, in March 2001. Major airlines, such as America West Airlines, have suffered significant revenue losses. Private industry continues to suffer from unprecedented drops in corporate profits necessitating continued layoffs, cost-control programs and deep reductions in capital spending. Businesses resort to slashing prices in order to attract customers. These business decisions negatively impact profits. • Substantial State budget cuts have been passed onto the County for budget year 2003 and more are anticipated for 2004. • A positive factor on the economic outlook is that Maricopa County is still one of the fastest growing counties in the Nation with a population of over 3 million. It is the 4th most populous county in the United States and is larger than 21 states. We continue to be the fastest growing, large County in the United States. Our annual population growth is projected at 2.8%, and according to 2000 census information, our County had 44.8% growth in the last decade. More than half of the state of Arizona’s population resides in Maricopa County. • When will the economy improve? The following is an excerpt from a December 2, 2002 news release from the Western Blue Chip Economic Forecast. While the U.S. economic recovery still seems fragile, Western states are likely to outperform the nation when the recovery begins to hit its stride, according to an analysis in December’s Western Blue Chip Economic Forecast. “Western economy-watchers project Nevada and Arizona will be stronger in 2003, and Oregon will begin to create jobs again,” reported Lee McPheters, contributing editor of the Western Blue Chip. “Washington will continue to be sub par, but all Western states will return to positive growth.” Economic analysts in the West will be happy to see 2002 drawing to a close, McPheters said. Last year at this time, the consensus was that 2002 would bring slow economic growth with recovery in the second half of the year. “But now it appears the final figures for key performance indicators such as unemployment, job growth, and personal income in 2002 will be weaker than expected throughout the Western region. Analysts are looking to 2003 to bring a reversal in job losses and rising unemployment rates.” Even though the growth and demand for services is high and coupled with a considerably slowing economy, continued fiscal discipline has allowed for the property rate to be held flat for the fiscal year 2003 budget, versus an undesirable increase in the tax rate. This is the first year in three budget years that the property tax overall rate has not decreased in line with the Board of Supervisor’s County Strategic Plan to reduce the overall property tax rate for Maricopa County property owners. For fiscal year 2003, the tax rate will be held flat at $1.5448. In addition, the financial position of the Medical Center continued to decline during fiscal year 2002 and it is not expected to improve in the upcoming year. Subsidies from the General Fund for fiscal year 2003 are likely to recur. 16 Maricopa County Management’s Discussion and Analysis At the end of the fiscal year, unreserved fund balance for the General Fund was $249,039,062, or 46% of total General Fund expenditures. Unreserved fund balance increased by more than 51%. In accordance with Arizona Revised Statutes (A.R.S.), this entire amount is budgeted to be spent in the next fiscal year. A.R.S. 42-17151 requires that total estimated sources of revenue must equal the total estimated expenditures in the budget for the current fiscal year. The estimated expenditures may include an amount for unanticipated contingencies or emergencies, per A.R.S. 42-17102. Request for Information This financial report is designed to provide our citizens, taxpayers, customers, and investors and creditors with a general overview of the County’s finances and to demonstrate the County’s accountability for the money it receives. If you have any questions about this report or need additional financial information, please contact Maricopa County Department of Finance, 301 W. Jefferson, Suite 960, Phoenix, AZ 85003, or at www.maricopa.gov. 17 Financial Section Basic Financial Statements Maricopa County Definitions of Government-wide Financial Statements and Listing of Major Funds Government-wide Financial Statements The Statement of Net Assets presents information on all of Maricopa County’s assets and liabilities, with the difference between the two reported as net assets. The Statement of Activities presents information showing how the government’s net assets changed during the most recent fiscal year. All changes in net assets are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. The above two statements are presented utilizing the following types of activities: Governmental Activities – generally are financed through taxes and intergovernmental revenues. Business-Type Activities – are financed in whole or in part by fees charged to external parties. Major Funds General Fund – is the County’s primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund. Special Revenue Funds Transportation Fund – plans and implements an environmentally balanced multi-model transportation system. Operations are funded through highway user taxes. Flood Control Fund – provides flood control facilities and regulates floodplains and drainage to prevent flooding of property and endangering the lives of people in Maricopa County. Operations are funded by a secondary tax levy. Jail Operations Fund – was established under the authority of propositions 400 and 401, which were passed in the General Election of November 3, 1998. These propositions authorized a temporary 1/5 cent sales tax to be used for the construction and operation of adult and juvenile detention facilities. Debt Service Funds General Obligation Fund – accounts for debt service on all various purpose general obligation bonds. Funding is provided by the County’s secondary property tax revenues, which may be used only for debt service. Lease Revenue Fund – accounts for the debt service on the Lease Revenue Bonds, Series 2001. Funding is provided by transfers from the General Fund. Capital Projects Funds Jail Construction Fund – accounts for the proceeds associated with the temporary 1/5 of one-cent sales tax approved by voters in the General Election on November 3, 1998. The proceeds are for the construction and operation of adult and juvenile detention facilities. The voters approved the extension of the 1/5 of one-cent sales tax in the General Election on November 5, 2002. The extension shall be levied beginning in the month following the expiration of the previous tax as approved by the voters in 1998. County Improvement Fund – accounts for capital projects funded through the issuance of the Lease Revenue Bonds, Series 2001. 21 Maricopa County Definitions of Government-wide Financial Statements and Listing of Major Funds (Continued) Enterprise Funds Medical Center Fund – provides quality, cost competitive health care and health professional education to assure the health security of individuals, families, and the community. Maricopa Health Plan Fund – is an ambulatory health care plan operated by Maricopa Managed Care Systems (MMCS). MMCS contracts with the Arizona Health Care Cost Containment System (AHCCCS) which provides monthly capitation revenues based on Maricopa County Health Plan enrollment. Arizona Long-Term Care System (ALTCS) Fund – is a managed care, long term care plan operated by Maricopa Managed Care Systems (MMCS). Chronically ill and physically disabled patients receive medical services as a result of an annual contract with the Arizona Health Care Cost Containment System (AHCCCS). 22 Maricopa County Statement of Net Assets June 30, 2002 PRIMARY GOVERNMENT GOVERNMENTAL ACTIVITIES BUSINESS-TYPE ACTIVITIES TOTAL ASSETS Cash in bank and on hand Cash and investments held by County Treasurer Receivables (net of allowances for uncollectibles) Internal balances Due from other governmental units Inventories Prepaids Deferred costs Miscellaneous Cash and investments held by trustee - restricted Capital assets: Land Buildings Machinery and equipment Infrastructure Construction in progress (Accumulated depreciation) $ Total assets 13,056,056 583,944,411 16,781,280 54,796,650 146,309,982 7,319,949 2,502,283 4,632,046 1,545,145 46,265,750 $ 1,275 105,072,063 62,107,978 (54,796,650) 1,897,909 6,436,921 4,231,654 $ 770,789 8,303,790 2,909,679 86,435,206 99,374,324 13,057,331 689,016,474 78,889,258 0 148,207,891 13,756,870 6,733,937 4,632,046 2,315,934 54,569,540 177,378,461 736,205,447 158,398,268 357,036,458 365,055,919 (265,253,162) 25,650,364 (97,760,974) 180,288,140 822,640,653 257,772,592 357,036,458 390,706,283 (363,014,136) 2,405,974,943 250,634,328 2,656,609,271 72,815,049 41,954,717 4,832,721 17,527,440 18,330,905 985,058 22,469,499 6,853,931 575,473 95,284,548 48,808,648 5,408,194 17,527,440 19,105,953 985,058 68,317,685 377,118,115 57,660,196 35,559,291 125,977,881 412,677,406 601,881,690 123,893,438 725,775,128 1,259,210,540 81,077,781 1,340,288,321 LIABILITIES Accounts payable and other current liabilities Employee compensation payable Accrued interest payable Deferred revenue Due to other governmental units Deposits held for other parties Noncurrent liabilities: Due within one year Due in more than one year Total liabilities 775,048 NET ASSETS Invested in capital assets, net of related debt Restricted for: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Capital projects Debt service Other purposes Unrestricted (deficit) Total net assets 4,181,180 86,900,666 30,524,593 11,182,883 15,457,160 245,330 144,878,624 20,896,981 7,701,602 222,913,694 $ 1,804,093,253 The notes to the financial statements are an integral part of this statement. 23 4,181,180 86,900,666 30,524,593 55,086,253 15,457,160 245,330 149,587,825 24,491,570 9,247,346 214,823,899 43,903,370 4,709,201 3,594,589 1,545,744 (8,089,795) $ 126,740,890 $ 1,930,834,143 Maricopa County Statement of Activities For the Fiscal Year Ended June 30, 2002 Charges for Services Expenses Program Revenues Operating Grants and Contributions Capital Grants and Contributions Functions/Programs Primary government: Governmental activities: General government $ Public safety 124,501,063 $ 490,943,644 Highways and streets Health, welfare and sanitation 24,457,239 $ 81,687,973 2,734,152 52,464,778 1,451,293 24,038 304,220,867 22,917,356 85,969,620 Culture and recreation 25,453,164 8,358,894 160,263 Education 16,675,171 3,057,546 10,129,137 141,930,301 202,885,094 340,556,596 291,946,393 5,014,958 93,168,287 100,104,747 241,654,207 252,343,614 Interest on long-term debt $ 103,867,884 2,712,908 11,557,524 Total governmental activities 1,025,816,211 2,712,908 Business-type activities: Medical Center Arizona Health Care Cost Containment System (AHCCCS) Plan Arizona Long-Term Care System (ALTCS) Plan Other business-type activities Total business-type activities Total primary government $ 67,406,686 64,214,098 742,785,776 708,608,852 1,768,601,987 General revenues: Taxes: Property taxes, levied for general purposes Property taxes, levied for debt service Share of state sales taxes Sales tax – Highway user revenue fund Sales tax – Jail construction and operation Surcharge tax - Stadium District Vehicle license tax Grants and contributions not restricted to specific programs Unrestricted investment earnings Loss on disposal of capital assets Miscellaneous Transfers Total general revenues and transfers Change in net assets Net assets, beginning, as restated Net assets, ending The notes to the financial statements are an integral part of this statement. 24 $ 850,539,153 1,258,000 6,272,958 $ 209,158,052 $ 2,712,908 Governmental Activities $ (97,309,672) Net (Expense) Revenue and Changes in Net Assets Primary Government Business-Type Activities $ Total $ (305,387,787) (48,276,539) (48,276,539) (195,333,891) (195,333,891) (16,934,007) (16,934,007) (3,488,488) (3,488,488) (11,557,524) (11,557,524) (678,287,908) (678,287,908) (43,595,245) (678,287,908) (43,595,245) 6,936,460 6,936,460 10,689,407 10,689,407 (1,934,588) (1,934,588) (27,903,966) (27,903,966) (27,903,966) (706,191,874) 324,219,284 324,219,284 20,250,715 20,250,715 325,728,202 325,728,202 78,285,210 78,285,210 98,177,716 98,177,716 5,407,664 5,407,664 106,115,829 106,115,829 8,700,138 8,700,138 29,404,833 6,359,401 (8,856,034) 35,764,234 (103,280) 10,627,773 $ (97,309,672) (305,387,787) (8,959,314) 1,972,145 12,599,918 (25,752,045) 25,752,045 972,309,285 33,980,311 294,021,377 6,076,345 300,097,722 1,510,071,876 120,664,545 1,630,736,421 1,804,093,253 $ 126,740,890 1,006,289,596 $ 1,930,834,143 25 Maricopa County Balance Sheet Governmental Funds June 30, 2002 GENERAL TRANSPORTATION FLOOD CONTROL JAIL OPERATIONS ASSETS Cash in bank and on hand Cash and investments held by County Treasurer Receivables Due from other funds Due from other governmental units Inventories Miscellaneous Cash and investments held by trustee - restricted Total assets $ 106,400 134,889,907 8,784,286 62,078,143 74,619,308 3,088,425 379,715 5,644,842 $ 289,591,026 $ 1,800 22,472,899 128,530 110 17,213,649 529,128 $ $ 40,346,116 $ $ $ 7,382,876 381,568 294,903 $ 450 17,545,026 1,259,475 $ 10,771,552 627,156 12,532,054 98,432 112,672 31,548,109 19,693,225 263,675 $ 31,355,608 $ 2,517,294 1,356,307 1,980 250,000 3,391 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable Employee compensation payable Accrued liabilities Due to other funds Due to other governmental units Interest payable Bonds payable Special assessment debt with governmental commitment Deferred revenue Deposits held for other parties Total liabilities Fund balances: Reserved for: Inventories Capital lease expenditures Debt service Unreserved, reported in: General fund Special revenue funds Capital projects funds Debt service funds Total fund balances Total liabilities and fund balances 13,038,583 4,699,965 874,436 1,858,623 9,342,751 5,654,404 35,468,762 11,628,783 213,491 580 110 247,990 985,058 9,292,395 12,625,119 4,128,972 529,128 98,432 263,675 30,524,593 18,824,558 26,962,961 31,053,721 18,922,990 27,226,636 3,088,425 1,994,777 782,155 249,039,062 254,122,264 $ 289,591,026 $ 40,346,116 $ 31,548,109 $ 31,355,608 Amounts reported for governmental activities in the Statement of Net Assets are different because: Capital assets used in governmental activities are not financial resources and therefore, are not reported in the funds. Other assets are not available to pay for current period expenditures and therefore, are deferred in the funds. Internal service funds are used by management to charge the costs of equipment services, telecommunications, reprographics, risk management, employee benefits, and the sheriff warehouse to individual funds. The assets and liabilities of the internal service funds are included in governmental activities in the Statement of Net Assets. Some long-term liabilities and compensated absences are not due and payable shortly after June 30, 2002, therefore, are not reported in the funds. Net assets of governmental activities The notes to the financial statements are an integral part of this statement. 26 GENERAL OBLIGATION $ LEASE REVENUE $ 21,074,114 628,100 $ 21,702,214 $ JAIL CONSTRUCTION $ 96,506,401 541,372 $ 28,621,115 125,668,888 $ 1,635,534 18,855,000 OTHER GOVERNMENTAL FUNDS COUNTY IMPROVEMENT $ 99,416,687 $ 57,142,193 317,840 $ 99,416,687 $ 57,460,033 $ 16,211,514 13,370 $ 2,154,282 2,638,864 12,796,244 TOTAL GOVERNMENTAL FUNDS 12,595,528 90,980,188 1,316,977 2,765 22,251,746 1,727,165 1,165,486 11,887,121 $ 141,926,976 $ $ $ 10,277,076 2,234,034 1,212,465 3,619,585 8,984,763 56,449 $ 55,956 22,781,238 437,763 20,928,297 15,435,108 16,224,884 2,154,282 49,221,566 1,727,165 773,917 12,889,507 97,344,273 110,233,780 773,917 $ 21,702,214 $ 125,668,888 $ 83,191,803 55,305,751 83,191,803 55,305,751 92,705,410 57,460,033 $ 141,926,976 99,416,687 $ 63,210,408 8,898,735 2,384,364 5,728,318 18,330,905 4,330,847 31,651,244 55,956 29,903,550 985,058 165,479,385 5,706,825 1,994,777 20,896,981 7,233,557 76,896,774 6,847,914 12,704,178 550,798,967 13,603,736 62,081,018 146,309,982 5,706,825 1,545,201 46,265,750 839,015,657 249,039,062 153,208,886 145,345,468 97,344,273 673,536,272 1,526,250,718 15,376,110 $ 27 (11,507,860) (399,561,987) 1,804,093,253 Maricopa County Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds For the Fiscal Year Ended June 30, 2002 GENERAL TRANSPORTATION FLOOD CONTROL JAIL OPERATIONS REVENUES Taxes $ 268,320,391 Licenses and permits Intergovernmental $ 44,775,297 1,451,293 1,760,324 431,826,951 96,201,503 17,183,885 Charges for services 23,072,200 Fines and forfeits 12,886,925 Miscellaneous Total revenues $ 415,821 $ 115,527,725 16,170 16,382,542 3,919,394 9,962,424 5,350,778 752,904,830 101,572,190 73,681,930 120,894,673 30,284,353 120,655,352 EXPENDITURES Current: General government Public safety 95,104,978 228,487,529 Highways and streets Health, welfare and sanitation 55,240,772 197,887,228 Culture and recreation 1,589,168 Education 1,428,979 Debt service: Principal Interest Other Capital outlay 22,211,820 36,495,606 35,889,488 3,999,815 Total expenditures 546,709,702 91,736,378 66,173,841 124,655,167 Excess (deficiency) of revenues over expenditures 206,195,128 9,835,812 7,508,089 (3,760,494) OTHER FINANCING SOURCES (USES) Transfers in Transfers out 40,606,186 101,186,962 (168,270,894) Capital lease agreements (344,392) (84,726,011) (344,392) 16,460,951 9,843,870 Proceeds from bond issuance Premium on refunding bonds Payment to escrow agent Total other financing sources (uses) (117,820,838) Net changes in fund balances Fund balances (deficit) at beginning of year, as restated 88,374,290 9,491,420 7,508,089 12,700,457 164,951,389 21,592,123 11,413,501 14,456,478 Increase (decrease) in reserve for inventories Fund balances at end of year 796,585 $ 254,122,264 The notes to the financial statements are an integral part of this statement. 28 (29,822) $ 31,053,721 1,400 $ 18,922,990 69,701 $ 27,226,636 GENERAL OBLIGATION $ 20,250,715 LEASE REVENUE $ JAIL CONSTRUCTION OTHER GOVERNMENTAL FUNDS COUNTY IMPROVEMENT $ $ $ 9,690,800 TOTAL GOVERNMENTAL FUNDS $ 343,037,203 22,478,873 26,106,311 170,928,037 831,668,101 45,682,016 68,770,386 2,889,174 15,776,099 536,705 5,363,800 2,540,022 25,823,652 69,879,317 20,787,420 5,363,800 2,540,022 277,492,552 1,355,237,417 4,160,487 99,265,465 102,415,889 481,843,123 113,623,704 311,510,932 16,062,396 17,651,564 15,131,284 16,560,263 55,240,772 18,855,000 12,796,244 7,966,893 39,618,137 2,800,552 5,717,538 1,753,537 10,271,627 64,594 21,720,146 (932,726) 1,114,508 1,179,102 154,960,736 25,651,703 14,801,603 294,010,771 18,513,782 154,960,736 25,651,703 277,030,301 1,327,151,756 (13,149,982) (154,960,736) (23,111,681) 462,251 28,085,661 1,706,643 84,726,011 15,424,873 243,650,675 (16,061,423) (269,402,720) 58,285,670 78,450,670 9,843,870 20,165,000 425,280 (20,590,280) 1,706,643 84,726,011 773,917 3,115,977 3,541,257 (57,390,570) (77,980,850) 3,374,527 (11,897,098) (13,149,982) (70,234,725) (23,111,681) 3,836,778 16,188,563 123,383,762 153,426,528 78,417,432 87,348,992 654,990,205 1,519,640 $ 773,917 $ 110,233,780 $ 83,191,803 $ 29 55,305,751 $ 92,705,410 2,357,504 $ 673,536,272 Maricopa County Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities For the Fiscal Year Ended June 30, 2002 Net change in fund balances – total governmental funds (page 29) $ 16,188,563 Amounts reported for governmental activities in the Statement of Activities pages 24 – 25 are different because: Governmental funds report capital outlays as expenditures. However, in the Statement of Activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. This is the amount by which capital outlays exceeded depreciation in the current period. 261,655,774 The net effect of various miscellaneous transactions involving capital assets (i.e., sales, trade-ins, and donations) is to decrease net assets. (28,178,294) Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the funds. 9,722,831 The issuance of long-term debt (e.g., bonds, leases) provides current financial resources to governmental funds, while the repayment of the principal of long-term debt consumes the current financial resources of governmental funds. Neither transaction, however, has any effect on net assets. Also, governmental funds report the effect of issuance costs, premiums, discounts, and similar items when debt is first issued, whereas these amounts are deferred and amortized in the Statement of Activities. This amount is the net effect of these differences in the treatment of longterm debt and related items. 35,465,237 Some expenses reported in the Statement of Activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. (220,479) Internal service funds are used by management to charge the costs of equipment services, telecommunications, reprographics, risk management, employee benefits, and the sheriff warehouse to individual funds. The net revenue of internal service funds is reported with governmental activities. (612,255) Change in net assets of governmental activities (page 25) The notes to the financial statements are an integral part of this statement. 30 $ 294,021,377 Maricopa County Statement of Net Assets Proprietary Funds June 30, 2002 BUSINESS-TYPE ACTIVITIES ENTERPRISE FUNDS MEDICAL CENTER MARICOPA HEALTH PLAN ALTCS ASSETS Current assets: Cash in bank and on hand Cash and investments held by County Treasurer Receivables: Accounts (net of allowance) Accrued interest Due from other funds Due from other governmental units Inventories Prepaids Miscellaneous Total current assets $ $ 50,226,660 2,108,623 1,897,909 6,436,921 3,164,533 766,845 64,601,491 Noncurrent assets: Restricted: Cash and investments held by trustee Capital assets: Land Buildings Machinery and equipment Construction in progress Less accumulated depreciation Total noncurrent assets $ 21,875,613 57,160,434 6,733,151 87,446 3,765,459 620,326 1,067,121 29,763,331 61,546,219 8,303,790 Total assets 1,722,193 86,371,644 86,310,183 25,650,364 (86,912,768) 121,445,406 4,965,782 5,270,509 (4,958,243) 7,539 (3,072,417) 2,198,092 186,046,897 29,770,870 63,744,311 12,722,390 6,841,186 1,718,622 311,832 56,905,273 775,048 263,641 278,818 2,420,105 2,560,357 866,699 14,139,373 27,140,828 16,978,548 30,427,632 114,191,807 16,978,548 30,427,632 77,833,317 3,594,589 4,709,201 7,539 2,198,092 12,784,783 31,118,587 LIABILITIES Current liabilities: Vouchers payable Employee compensation payable Accrued liabilities Interest payable Due to other funds Due to other governmental units Accrued interest Leases payable (current portion) Installment purchase agreements (current portion) Certificates of participation (current portion) Lease revenue bonds payable (current portion) Liability for reported and incurred but not reported claims (current portion) Liability for closure and postclosure costs (current portion) Total current liabilities 436,342 769,000 2,513,756 83,257,090 Noncurrent liabilities: Leases payable Installment purchase agreements Certificates of participation Lease revenue bonds payable Liability for reported and incurred but not reported claims Liability for postclosure costs Total noncurrent liabilities 2,171,473 10,777,000 17,986,244 30,934,717 Total liabilities NET ASSETS Invested in capital assets, net of related debt Restricted for debt service Restricted for construction Restricted for health care Restricted for self-insurance Restricted for other purposes Unrestricted (deficit) Total net assets $ The notes to the financial statements are an integral part of this statement. 32 1,545,744 (15,827,761) 71,855,090 $ 12,792,322 $ 33,316,679 OTHER ENTERPRISE FUNDS $ 1,275 26,036,016 GOVERNMENTAL ACTIVITIES INTERNAL SERVICE FUNDS TOTALS $ 444,287 230,649 1,275 105,072,063 $ 61,169,557 938,421 2,108,623 1,897,909 6,436,921 4,231,654 770,789 182,627,212 3,944 26,716,171 351,878 33,145,444 187,856 1,613,124 2,502,283 37,800,585 8,303,790 1,187,486 63,562 2,827,850 2,909,679 86,435,206 99,374,324 25,650,364 (97,760,974) 124,912,389 5,952,864 (3,705,840) 2,570,673 27,977,523 307,539,601 40,371,258 1,470,070 12,745 432,438 16,891,383 6,853,931 5,578,116 311,832 56,905,273 775,048 263,641 6,993,559 524,300 234,936 (2,817,546) 1,261,352 323,649 1,556,050 34,172 436,342 828,151 2,513,756 50,226,013 3,655,934 145,239,420 59,151 8,945,812 3,655,934 14,576,150 12,243,524 21,586,541 64,638 163,368 2,171,473 10,940,368 17,986,244 4,461,206 4,624,574 4,461,206 35,559,291 30,292,577 19,200,724 180,798,711 51,879,118 1,038,833 81,077,781 3,594,589 4,709,201 43,903,370 2,471,863 30,227,939 (14,267,164) $ 7,737,966 8,776,799 $ 1,545,744 (8,089,795) 126,740,890 $ 287,441 (11,507,860) 33 Maricopa County Statement of Revenues, Expenses, and Changes in Fund Net Assets Proprietary Funds For the Fiscal Year Ended June 30, 2002 BUSINESS-TYPE ACTIVITIES ENTERPRISE FUNDS MEDICAL CENTER MARICOPA HEALTH PLAN ALTCS OPERATING REVENUES Net patient service revenue Charges for services Miscellaneous Total operating revenues $ 274,814,011 17,132,382 1,887,175 293,833,568 $ $ 100,104,747 252,343,614 100,104,747 252,343,614 137,447,729 43,690,978 25,765,835 32,177,172 3,160,863 427,083 88,315,722 264,157 11,821,193 948,351 224,281,606 1,148,935 68,157 2,197,884 3,921,775 86,680 746,193 13,773 900,009 93,168,287 6,936,460 99,966 2,607,963 241,654,207 10,689,407 5,014,958 184,086 (5,127,724) 1,121,474 3,957,605 71,320 1,121,474 3,957,605 (41,523,984) 8,057,934 14,647,012 66,217,416 (941,914) 23,751,518 (17,293,718) (9,235,784) OPERATING EXPENSES Personal services Supplies Medical services Other services Legal Insurance Leases and rentals Repairs and maintenance Travel and transportation Utilities Provision for doubtful accounts Indigent patient direct write-offs Depreciation Miscellaneous Total operating expenses Operating income (loss) 4,277,090 56,856,455 16,301,482 10,541,914 2,182,401 335,428,872 (41,595,304) NONOPERATING REVENUES (EXPENSES) Grant revenues Investment income Interest expense Loss on disposal of capital assets Total nonoperating revenues (expenses) Income (loss) before contributions and transfers Capital contributions Transfers in Transfers out Change in net assets Total net assets (deficit) – beginning Total net assets (deficit) – ending 48,103,572 71,855,090 $ The notes to the financial statements are an integral part of this statement. 34 $ 22,028,106 12,792,322 (26,719,376) (12,072,364) $ 45,389,043 33,316,679 OTHER ENTERPRISE FUNDS $ GOVERNMENTAL ACTIVITIES INTERNAL SERVICE FUNDS TOTALS 64,214,098 84,970 64,299,068 $ 274,814,011 433,794,841 1,972,145 710,580,997 3,041,014 433,778 62,133,147 310,601 155,470,799 45,500,190 400,496,310 33,900,865 587,201 142,639 $ 50,767,198 1,054,325 51,821,523 6,610,401 8,137,936 3,083,934 4,564,323 18,660,467 1,774,765 2,554,487 81,979 5,469,687 141,981 586,630 67,392,550 (3,093,482) 655,358 3,173,396 3,921,775 666 4,291,983 56,856,455 16,301,482 10,797,634 6,277,003 737,643,916 (27,062,919) 1,258,000 1,096,236 (14,136) (103,280) 2,236,820 6,272,958 6,359,401 (5,141,860) (103,280) 7,387,219 873,340 1,176,174 (93,003) (309,729) 1,646,782 (856,662) (19,675,700) 1,793,637 4,737,499 (247,862) 3,632,975 70,954,915 (45,202,870) 6,076,345 666 14,893 716,394 20,295 51,674,668 146,855 260,110 $ 5,143,824 8,776,799 $ 120,664,545 126,740,890 (2,666,002) (612,255) $ (10,895,605) (11,507,860) 35 Maricopa County Statement of Cash Flows Proprietary Funds For the Fiscal Year Ended June 30, 2002 BUSINESS-TYPE ACTIVITIES ENTERPRISE FUNDS MEDICAL CENTER CASH FLOWS FROM OPERATING ACTIVITIES Cash receipts from contractors, patients and other payors Charges for services Other receipts Payments for goods and services Payments for personal services Net cash provided (used) by operating activities $ CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Advances from other funds Grant receipts Cash transfers from other funds Cash transfers to other funds Interest payments Loan payments to County General Fund Net cash provided (used) by noncapital financing activities CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Purchase of capital assets Capital lease payments Certificates of participation payments Installment purchase contract payments Interest payments on long-term debt Proceeds from sale of capital assets Net cash used by capital and related financing activities 253,688,549 (115,185,800) (136,243,015) (31,520,429) (92,217,255) (3,160,863) 2,242,640 (237,582,520) (11,874,530) 4,231,499 56,905,273 5,304,728 64,358,793 (941,914) (4,440,367) (76,228,477) 44,958,036 (17,293,718) (41,751,082) (17,293,718) (41,751,082) (1,168,961) (30,079,133) Net increase (decrease) in cash and cash equivalents SCHEDULE OF NONCASH INVESTING, CAPITAL AND FINANCING ACTIVITIES Allowance for uncollectible accounts Accounts receivable write-offs Buildings Construction in progress completed Accumulated depreciation from disposed capital assets Machinery and equipment disposed Loss on disposal of equipment Building included in vouchers payable Machinery and equipment included in vouchers payable Vouchers payable Machinery and equipment acquired under a capital lease Borrowing under a capital lease Transfer capital assets to County-wide capital assets Deletion of equipment $ 97,620,758 (415,296) (1,145,187) Cash and cash equivalents, July 1, 2001 RECONCILIATION OF OPERATING INCOME (LOSS) TO NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES Operating income (loss) Adjustments to reconcile operating income to net cash provided (used) by operating activities Depreciation expense Provision for doubtful accounts Indigent patient direct write-offs Liability for reported and incurred but not reported claims – noncurrent Liability for postclosure costs - noncurrent Changes in assets and liabilities: Accounts receivable Due from other funds Due from other governmental units Inventories Prepaids Miscellaneous Vouchers payable Employee compensation payable Accrued liabilities Due to other governmental units Liability for reported and incurred but not reported claims – current Liability for closure and postclosure costs - current Net cash provided (used) for operating activities $ ALTCS (28,289,491) (229,159) CASH FLOWS FROM INVESTING ACTIVITIES Interest and dividends Proceeds from the sale of investments Net cash provided by investing activities Cash and cash equivalents, June 30, 2002 219,908,386 MARICOPA HEALTH PLAN $ (1,168,961) 184,086 1,524,929 4,942,689 184,086 1,524,929 4,942,689 (16,457,440) (13,526,149) (33,745,855) 24,761,230 35,401,762 90,906,289 8,303,790 $ (41,595,304) 10,541,914 56,856,455 16,301,482 (73,675,182) (250,000) 299,773 (789,217) 858,887 (766,845) 333,200 1,204,714 (71,137) (769,169) $ (31,520,429) $ 50,167,887 (50,167,887) 12,033,695 (12,033,695) 233,544 (233,544) 28,613 897,319 (925,932) The notes to the financial statements are an integral part of this statement. 36 21,875,613 $ 57,160,434 6,936,460 10,689,407 13,773 99,966 (1,036,625) 1,512,925 39,764 (1,067,121) 202,443 (1,269,921) 1,112,993 (271,368) (3,647,915) $ 2,242,640 (747,945) (15,248) (6,077,449) $ 4,231,499 OTHER ENTERPRISE FUNDS $ TOTALS $ 64,212,828 88,582 (60,103,601) (3,038,482) 1,159,327 219,908,386 415,522,135 88,582 (505,089,176) (154,316,890) (23,886,963) 5,747,637 (14,136) (29,458,452) (229,159) (56,334) (415,296) (1,159,323) (70,470) (31,318,564) (56,334) 1,107,539 7,759,243 1,107,539 7,759,243 7,944,033 50,767,198 1,057,640 (40,078,131) (6,612,356) 5,134,351 1,556,050 873,340 (90,007) (1,316,784) 1,022,599 (1,429,486) (26,480) (3,224) 80,930 (1,378,260) 1,248,449 2,429,908 3,678,357 (55,785,411) 18,093,258 26,037,291 $ 56,905,273 6,562,728 69,096,292 (60,234,576) (4,440,367) (76,228,477) (8,339,127) 1,258,000 4,737,499 (247,862) $ GOVERNMENTAL ACTIVITIES INTERNAL SERVICE FUNDS 8,457,047 169,162,539 $ (3,093,482) 113,377,128 25,040,275 $ 33,497,322 (27,062,919) 146,855 141,981 10,797,634 56,856,455 16,301,482 716,394 4,461,206 4,461,206 11,953,924 (1,270) 68,494 3,612 153,769 2,532 (8,237,652) $ 4,004,203 3,655,934 1,159,327 $ $ $ 2,219,582 (2,322,862) 103,280 (73,200,152) (250,000) 339,537 (789,217) (139,740) (763,233) (580,509) 1,207,246 (7,943,741) (1,055,785) (5,721,161) 3,655,934 (23,886,963) 50,167,887 (50,167,887) 12,033,695 (12,033,695) 2,453,126 (2,556,406) 103,280 28,613 897,319 (925,932) 316,954 (1,802,360) 4,222,514 (1,955) (226,583) (10,191,392) $ 5,134,351 $ 2,192,146 (2,582,805) 390,659 125,290 (125,290) 2,666,002 (2,666,002) 37 Maricopa County Statement of Fiduciary Net Assets Fiduciary Funds June 30, 2002 INVESTMENT TRUST FUNDS Assets Cash in bank and on hand Cash and investments held by County Treasurer Accrued interest receivable Total assets $ $ 1,181,576,123 6,602,839 1,188,178,962 Liabilities Due to other governmental units Deposits held for other parties Total liabilities Net Assets Held in trust for investment participants AGENCY FUNDS 79,709,286 $ $ 1,188,178,962 The notes to the financial statements are an integral part of this statement. 38 26,258,920 53,450,366 11,302,559 68,406,727 79,709,286 Maricopa County Statement of Changes in Fiduciary Net Assets Fiduciary Funds For the Fiscal Year Ended June 30, 2002 INVESTMENT TRUST FUNDS Additions: Contributions from participants Investment income: Interest income Net decrease in fair value of investments Net investment earnings Total additions $ 8,731,655,895 37,411,360 (2,240,525) 35,170,835 8,766,826,730 Deductions: Distributions to participants Total deductions 8,900,638,636 8,900,638,636 Change in net assets Net assets – beginning Net assets – ending (133,811,906) 1,321,990,868 1,188,178,962 $ The notes to the financial statements are an integral part of this statement. 39 40 Financial Section Basic Financial Statements - Notes Maricopa County Listing of Basic Financial Statement Notes NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES NOTE 2 REPORTING CHANGES NOTE 3 BEGINNING BALANCES RESTATED NOTE 4 RECONCILIATION OF GOVERNMENT-WIDE AND FUND-BASED FINANCIAL STATEMENTS NOTE 5 STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY NOTE 6 DEPOSITS AND INVESTMENTS NOTE 7 CONDENSED FINANCIAL STATEMENTS OF COUNTY TREASURER’S INVESTMENT POOL NOTE 8 RECEIVABLES NOTE 9 DUE FROM OTHER GOVERNMENTAL UNITS NOTE 10 CAPITAL ASSETS NOTE 11 CONSTRUCTION AND OTHER SIGNIFICANT COMMITMENTS NOTE 12 LONG-TERM LIABILITIES NOTE 13 MUNICIPAL LANDFILL CLOSURE AND POSTCLOSURE CARE COSTS NOTE 14 OPERATING LEASES NOTE 15 RISK MANAGEMENT NOTE 16 EMPLOYEE RETIREMENT PLANS NOTE 17 INTERFUND BALANCES AND ACTIVITY NOTE 18 DISPROPORTIONATE SHARE SETTLEMENT NOTE 19 MEDICAL CENTER OPERATING REVENUE 43 Maricopa County Notes to the Financial Statements For the Fiscal Year Ended June 30, 2002 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accounting policies of Maricopa County conform to generally accepted accounting principles applicable to governmental units adopted by the Governmental Accounting Standards Board (GASB). During the year ended June 30, 2002, the County implemented GASB Statement No. 34, as amended by GASB Statement No. 37, which prescribes a new reporting model consisting of both government-wide and fund financial statements. The County also implemented GASB Statement No. 38, which prescribes new and revised note disclosures. A. Reporting Entity Maricopa County is a general purpose local government governed by a separately elected board of five county supervisors. The accompanying financial statements present the activities of the County (the primary government) and its component units. Component units are legally separate entities for which the County is considered to be financially accountable. Blended component units, although legally separate entities, are in substance part of the County’s operations. Therefore, data from these units is combined with data of the primary government. Discretely presented component units, on the other hand, are reported in a separate column in the combined financial statements to emphasize they are legally separate from the County. Each blended component unit discussed below has a June 30 year-end. The County has no discretely presented component units. The reporting entity is thus comprised of the primary government, Maricopa County Flood Control District, Maricopa County Library District, Maricopa County Public Finance Corporation, Maricopa County Special Assessment Districts, Maricopa County Stadium District, and the Maricopa County Street Lighting Districts. The blended component units are as follows: Maricopa County Flood Control District The Maricopa County Flood Control District is a legally separate entity that provides flood control facilities and regulates floodplains and drainage to prevent flooding of property in Maricopa County. As the County Board of Supervisors serves as the Board of Directors of the Flood Control District, the District is considered a component unit of the County. Maricopa County Library District The Library District is a legally separate entity that provides and maintains library services for the residents of Maricopa County. As the County Board of Supervisors serves as the Board of Directors of the Library District, the District is considered a component unit of the County. Maricopa County Public Finance Corporation The Maricopa County Public Finance Corporation is a nonprofit corporation created by the Maricopa County Board of Supervisors to assist in the acquisition, construction and improvement of County facilities, including real property and personal property. As the County Board of Supervisors serves as the Board of Directors of the Public Finance Corporation, the Corporation is considered a component unit of the County. The corporation issued certificates of participation and lease revenue bonds that evidence undivided proportionate interests in rent payments to be made under the lease agreements, with an option to purchase, between Maricopa County and the Corporation. The Corporation has no assets or operating activities to report. 44 Notes to the Financial Statements (Continued) Maricopa County Special Assessment Districts The Special Assessment Districts are legally separate entities that provide improvements to various properties within the County. As the County Board of Supervisors serves as the Board of Directors of the Maricopa County Special Assessment Districts, the Districts are considered a component unit of the County. Maricopa County Stadium District The Stadium District is a legally separate entity that provides regional leadership and fiscal resources to assure the presence of Major League Baseball in Maricopa County. As the County Board of Supervisors serves as the Board of Directors of the Maricopa County Stadium District, the District is considered a component unit of the County. Maricopa County Street Lighting Districts The Street Lighting Districts are legally separate entities that provide street lighting in areas of the County that are not under local city jurisdictions. As the County Board of Supervisors serves as the Board of Directors of the Maricopa County Street Lighting Districts, the Districts are considered a component unit of the County. Complete financial statements of the Maricopa County Stadium District may be obtained at the entity’s administrative office listed below: Maricopa County Stadium District Bank One Ballpark 401 East Jefferson Phoenix, Arizona 85004 Separate financial statements of the remaining blended component units are not prepared. Related Organization The Industrial Development Authority of Maricopa County (Authority) is a legally separate entity that was created to assist in the financing of commercial and industrial enterprises; safe, sanitary, and affordable housing; and healthcare facilities. The Authority fulfills its function through the issuance of tax exempt or taxable revenue bonds. The County Board of Supervisors appoints the Authority’s Board of Directors. The Authority’s operations are completely separate from the County and the County is not financially accountable for the Authority. Therefore, the financial activities of the Authority have not been included in the accompanying financial statements. B. Basis of Presentation The basic financial statements include both government-wide statements and fund-based financial statements. The government-wide statements focus on the County as a whole, while the fund-based financial statements focus on major funds. Each presentation provides valuable information that can be analyzed and compared between years and between governments to enhance the usefulness of the information. Government-wide financial statements – provide information about the primary government (the County) and its component units. The statements include a statement of net assets and a statement of activities. These statements report the financial activities of the overall government, except for fiduciary activities. They also distinguish between the governmental and business-type activities of the County. Governmental activities generally are financed through taxes and intergovernmental revenues. Business-type activities are financed in whole or in part by fees charged to external parties. 45 Notes to the Financial Statements (Continued) The statement of activities presents a comparison between direct expenses and program revenues for each function of the County’s governmental activities and segment of its business-type activities. Direct expenses are those that are specifically associated with a program or function and, therefore, are clearly identifiable to a particular function. The County allocates indirect expenses to programs or functions. Program revenues include: • Charges to customers or applicants for goods, services, or privileges provided, • Operating grants and contributions, and • Capital grants and contributions. Revenues that are not classified as program revenues, including internally dedicated resources and all taxes, are reported as general revenues. Generally, the effect of interfund activity has been eliminated from the government-wide financial statements to minimize the double counting of internal activities. However, charges for interfund services provided and used are not eliminated if doing so would distort the direct costs and program revenues reported by the departments concerned. Fund financial statements – provide information about the County’s funds, including fiduciary funds and blended component units. Separate statements are presented for the governmental, proprietary, and fiduciary fund categories. The emphasis of fund financial statements is on major governmental and enterprise funds, each displayed in a separate column. All remaining governmental and enterprise funds are aggregated and reported as nonmajor funds. Fiduciary funds are aggregated and reported by fund type. Proprietary fund operating revenues, such as charges for services, result from transactions associated with the fund’s principal activity in which each party receives and gives up essentially equal values. Nonoperating revenues, such as subsidies and investment earnings, result from transactions in which the parties do not exchange equal values. Revenues generated by ancillary activities are also reported as nonoperating revenues. The County reports the following major governmental funds: The General Fund – is the County’s primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund. The Transportation Fund – plans and implements an environmentally balanced multi-model transportation system. Operations are funded through highway user taxes. The Flood Control Fund – provides flood control facilities and regulates floodplains and drainage to prevent flooding of property and endangering the lives of people in Maricopa County. Operations are funded by a secondary tax levy. The Jail Operations Fund – was established under the authority of propositions 400 and 401, which were passed in the General Election of November 3, 1998. These propositions authorized a temporary 1/5 cent sales tax to be used for the construction and operation of adult and juvenile detention facilities. The General Obligation Fund – accounts for debt service on all various purpose general obligation bonds. Funding is provided by the County’s secondary property tax revenues, which may be used only for debt service. 46 Notes to the Financial Statements (Continued) The Lease Revenue Fund – accounts for the debt service on the Lease Revenue Bonds, Series 2001. Funding is provided by transfers from the General Fund. The Jail Construction Fund – accounts for the proceeds associated with the temporary 1/5 of onecent Sales Tax approved by voters in the General Election on November 3, 1998. The proceeds are for the construction and operation of adult and juvenile detention facilities. The voters approved the extension of the 1/5 of one-cent sales tax in the General Election on November 5, 2002. The extension shall be levied beginning in the month following the expiration of the previous tax as approved by the voters in 1998. The County Improvement Fund – accounts for capital projects funded through the issuance of the Lease Revenue Bonds, Series 2001. The County reports the following major enterprise funds: The Medical Center Fund – accounts for the operations of the Maricopa Medical Center which provides quality, cost competitive health care and health professional education to assure the health security of individuals, families, and the community. The Maricopa Health Plan Fund – is an ambulatory health care plan operated by Maricopa Managed Care System (MMCS). MMCS contracts with the Arizona Health Care Cost Containment System (AHCCCS) which provides monthly capitation revenues based on Maricopa Health Plan (MHP) enrollment. The Arizona Long-Term Care System (ALTCS) Fund – is a managed care, long term care plan operated by Maricopa Managed Care Systems (MMCS). Chronically ill and physically disabled patients receive medical services as a result of an annual contract with the Arizona Health Care Cost Containment System (AHCCCS). The County reports the following fund types: The internal service funds – account for automotive maintenance and service, telecommunications services, printing and duplicating services, insurance services, self insured employee benefits, and warehouse services provided to County departments or to other governments on a cost reimbursement basis. The investment trust funds – account for assets held and invested by the County Treasurer on behalf of other governmental entities. The agency funds – account for assets held by the County as an agent for the State and various local governments, and for the property taxes collected and distributed to the State, local school districts, community college districts and special districts. C. Basis of Accounting The government-wide, proprietary, and fiduciary fund financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded at the time liabilities are incurred, regardless of when the related cash flows take place. Property taxes are recognized as revenue in the year for which they are levied. Grants and donations are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. 47 Notes to the Financial Statements (Continued) Governmental funds in the fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Under this method, revenues are recognized when measurable and available. The County considers all revenues reported in the governmental funds to be available if the revenues are collected within 60 days after year-end. Expenditures are recorded when the related fund liability is incurred, except for principal and interest on general long-term debt, claims and judgments, compensated absences, and landfill closure and postclosure care costs, which are recognized as expenditures to the extent they are due and payable. General capital asset acquisitions are reported as expenditures in governmental funds. Proceeds of general long-term debt and acquisitions under capital lease agreements are reported as other financing sources. Under the terms of grant agreements, the County funds certain programs by a combination of grants and general revenues. Therefore, when program expenses are incurred there are both restricted and unrestricted net assets available to finance the program. The County applies grant resources to such programs before using general revenues. The County’s business-type activities and enterprise funds of the County follow FASB Statements and Interpretations issued on or before November 30, 1989; Accounting Principles Board Opinions; and Accounting Research Bulletins, unless those pronouncements conflict with GASB pronouncements. D. Cash and Investments For purposes of its statements of cash flows, the County considers only those highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. Nonparticipating interest-earning investment contracts are stated at cost. Money market investments and participating interest-earning investment contracts with a remaining maturity of one year or less at time of purchase are stated at amortized cost. All other investments are stated at fair value. E. Inventories Inventories of the governmental funds consist of expendable supplies held for consumption and are recorded as expenditures at the time of purchase. Amounts on hand at year-end are shown on the balance sheet as an asset for informational purposes only and are offset by a fund balance reserve to indicate that they do not constitute “available spendable resources.” These inventories are stated at weighted-average cost. Inventories of the proprietary funds are recorded as assets when purchased and expensed when consumed. The amount shown on the balance sheet for the enterprise funds is valued at cost using the first-in, first-out method. The amount shown on the balance sheet for the internal service funds is valued at cost using the moving average method. F. Property Tax Calendar The County levies real property taxes and commercial personal property taxes on or before the third Monday in August that become due and payable in two equal installments. The first installment is due on the first day of October and becomes delinquent after the first business day of November. The second installment is due on the first day of March of the next year and becomes delinquent after the first business day of May. During the year, the County also levies mobile home personal property taxes that are due the second Monday of the month following receipt of the tax notice and become delinquent 30 days later. 48 Notes to the Financial Statements (Continued) A lien assessed against real and personal property attaches on the first day of January preceding assessment and levy. G. Capital Assets Capital assets, which include property, plant, equipment, and infrastructure assets (e.g., roads, bridges, sidewalks, and similar items), are reported in the government-wide statements and the proprietary funds. Capital assets are defined by the County as assets with an initial, individual cost of more than $5,000. The Maricopa Health Plan, Medical Center, Arizona Long Term Care System and Non-AHCCCS Health Plans (Enterprise Funds) capitalize assets with a cost of $1,000 or more. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at estimated fair market value at the date of donation. The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Property, plant, and equipment of the primary government is depreciated using the straight-line method over the following estimated useful lives: ESTIMATED USEFUL LIFE IN YEARS TYPE OF ASSETS Buildings Infrastructure Autos and trucks Other equipment 20 20 3 3 - 50 50 10 20 All infrastructure assets maintained by the County Department of Transportation, consisting of roadways, bridges and related assets, are reported on the government-wide financial statements. These assets will not be depreciated as they are maintained using the modified approach. The Flood Control District accounts for the County’s remaining infrastructure assets consisting of drainage systems, dams, flood channels and canals. For the Flood Control District, only infrastructure assets acquired during fiscal year 2002 are reported on the government-wide financial statements. No depreciation expense was reported for the Flood Control District for the current fiscal year as all infrastructure assets were reported as construction in progress. H. Investment Income Investment income is composed of interest, dividends, and net changes in the fair value of applicable investments. I. Compensated Absences Compensated absences consist of vacation leave and a calculated amount of sick leave earned by employees based on services already rendered. Employees may accumulate up to 240 hours of vacation leave, but any vacation hours in excess of the maximum amount that are unused at calendar year-end convert to sick leave. Upon termination of employment, all unused vacation benefits are paid to employees. Accordingly, vacation benefits are accrued as a liability in the financial statements. Employees may accumulate an unlimited number of sick leave hours. Generally, sick leave benefits provide for ordinary sick pay and are cumulative but are forfeited upon termination of employment. Because sick leave benefits do not vest with employees, a liability for sick leave benefits is not accrued in the financial statements. However, upon retirement, County employees with accumulated sick leave in excess of 1,000 hours are entitled to a $3,000 bonus. The amount of such bonuses is accrued as a liability. 49 Notes to the Financial Statements (Continued) NOTE 2 – REPORTING CHANGES During the fiscal year 2001-02, Maricopa County established the Intergovernmental Capital Projects Fund as a capital projects fund and the Clerk of Court EDMS as a special revenue fund. The County also retitled the County Improvement Fund to the Lease Revenue Fund (debt service fund). As a result of the implementation of GASB Statement No. 34, restricted donation activities were reclassified from the Expendable Trust Fund to the Animal Control Donations Fund and the Parks Donations Fund (special revenue funds). NOTE 3 – BEGINNING BALANCES RESTATED As a result of implementing GASB Statement No. 34, the County’s governmental fund-type fund balances as of June 30, 2001, have been restated as net assets as of July 1, 2001, on the government-wide Statement of Activities and its Proprietary Funds fund equity have been relabeled net assets as of July 1, 2001, on the Proprietary Funds Statement of Revenues, Expenses, and Changes in Fund Net Assets. The reconciliation below summarizes the differences between governmental fund-type fund balances as of June 30, 2001, as previously reported, to net assets as of July 1, 2001, reported on the governmentwide Statement of Activities. Aggregate fund balances of governmental fund types as of June 30, 2001 Add: Capital assets, net of accumulated depreciation Revenues earned but not yet available Reclassify Expendable Trust Fund to Special Revenue Funds Less: Long-term liabilities Internal Service Funds net assets deficit $ 647,525,749 1,292,773,238 5,704,084 415,456 (425,451,046) (10,895,605) Net assets of governmental activities as of July 1, 2001 $ 1,510,071,876 The net capital assets balance of $1,292,773,238 represents the beginning restated net capital assets balance of $1,297,302,080 for governmental activities reported in Note 10 less the June 30, 2001, Internal Service Funds net capital assets balance of $4,528,842. The long-term liabilities balance of $425,451,046 represents the beginning restated long-term liabilities balance of $463,028,750 for governmental activities reported in Note 12 less the long-term liabilities balances at June 30, 2001, for the Internal Service Funds - $40,708,931 and the Debt Service Funds - $23,198,871 plus the previously reported long-term employee compensation liability at June 30, 2001, of $26,330,098. The aggregate fund balances of governmental fund types was restated at July 1, 2001, from $647,525,749 to $654,990,205, on the fund financial statements as a result of implementing GASB Interpretation No. 6 to remove compensated absences payable from the fund financial statements for the governmental funds. The restatement increased beginning fund balances for the following governmental funds: General Fund - $3,749,000, Transportation Fund - $327,000, Flood Control Fund - $184,000, Jail Operations Fund - $1,111,000, Jail Construction Fund - $6,000 and Other Nonmajor Governmental Funds - $1,672,000. In addition, as a result of implementing GASB Statement No. 34, the Expendable Trust Fund’s prior year ending balance of $415,456 was reclassified to governmental funds (see Note 2). 50 Notes to the Financial Statements (Continued) NOTE 4 – RECONCILIATION OF GOVERNMENT-WIDE AND FUND FINANCIAL STATEMENTS The governmental fund Balance Sheet includes a reconciliation between fund balances – total governmental funds and net assets – governmental activities as reported in the government-wide Statement of Net Assets. The details of this reconciliation follows: Fund balances – total governmental funds $ 673,536,272 Capital assets used in governmental activities are not financial resources and therefore, are not reported in the funds. Land Buildings Equipment Infrastructure Construction in progress Accumulated depreciation Net governmental funds capital assets at June 30, 2002 $ 177,378,461 735,881,798 152,445,404 357,036,458 365,055,919 (261,547,322) $1,526,250,718 Other assets are not available to pay for current period expenditures and therefore, are deferred in the funds. Deferred revenue for property taxes receivable at June 30, 2002 Deferred revenue for grant revenues receivable at June 30, 2002 Housing long-term note receivable at June 30, 2002 Internal service funds are used by management to charge the costs of equipment services, telecommunications, reprographics, risk management, employee benefits, and the sheriff warehouse to individual funds. The assets and liabilities of the internal service funds are included in governmental activities in the Statement of Net Assets. $ $ 7,086,075 5,290,035 3,000,000 15,376,110 $ (11,507,860) Some long-term liabilities and compensated absences are not due and payable shortly after June 30, 2002, and therefore, are not reported in the funds. Noncurrent general obligation bonds due in more than one year at June 30, 2002 Noncurrent lease revenue bonds due in more than one year at June 30, 2002 Stadium District revenue bonds payable at June 30, 2002 Stadium District contractual obligations payable at June 30, 2002 Special assessment debt with governmental commitment payable at June 30, 2002 Housing bonds and loans payable at June 30, 2002 Deferred issuance cost at June 30, 2002 Bond premium payable at June 30, 2002 Certificates of participation payable at June 30, 2002 Governmental funds capital leases payable at June 30, 2002 Claims and judgements payable at June 30, 2002 Governmental funds compensated absences payable at June 30, 2002 Accrued bond interest payable at June 30, 2002 Net assets of governmental activities $ (39,515,000) (91,558,756) (58,225,000) (7,888,888) (403,021) (1,819,847) 4,632,046 (9,246,448) (9,804,315) (19,343,566) (133,353,486) (32,531,682) (504,024) $ (399,561,987) $1,804,093,253 51 Notes to the Financial Statements (Continued) The governmental fund reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances is a reconciliation between net changes in fund balances – total governmental funds and changes in net assets of governmental activities as reported in the government-wide Statement of Activities. The details of this reconciliation follows: Net change in fund balances – total governmental funds $ 16,188,563 $ 294,010,771 (33,071,391) 716,394 261,655,774 Governmental funds report capital outlays as expenditures. However, in the Statement of Activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. This is the amount by which capital outlays exceeded depreciation in the current period. Governmental funds capital outlay Government-wide depreciation expense for the year ended June 30, 2002 Add: Internal service funds depreciation expense for the year ended June 30, 2002 $ The net effect of various miscellaneous transactions involving capital assets (i.e., sales, trade-ins, and donations) is to decrease net assets. Disposed capital assets for the year ended June 30, 2002 Accumulated depreciation associated with disposed capital assets $ $ (74,313,592) 46,135,298 (28,178,294) Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the funds. Housing long-term notes receivable at June 30, 2002 Grant revenues earned during the year ended June 30, 2002 Property taxes earned during the year ended June 30, 2002 $ $ 3,000,000 5,290,035 1,432,796 9,722,831 The issuance of long-term debt (e.g., bonds, leases) provides current financial resources to governmental funds, while the repayment of the principal of long-term debt consumes the current financial resources of governmental funds. Neither transaction, however, has any effect on net assets. Also, governmental funds report the effect of issuance costs, premiums, discounts, and similar items when debt is first issued, whereas these amounts are deferred and amortized in the Statement of Activities. This amount is the net effect of these differences in the treatment of long-term debt and related items. Principal payments on bonds Proceeds from capital leases Proceeds from bond issuance Premium on refunding bonds Payment to escrow agent Principal payments on certificates of participation Principal payments on capital leases Other debt service payments $ $ 39,618,137 (9,843,870) (78,450,670) (3,541,257) 77,980,850 3,770,803 4,752,140 1,179,104 35,465,237 Some expenses reported in the Statement of Activities do not require the use of current financial resources and therefore, are not reported as expenditures in governmental funds. Employee compensation payable incurred during the year ended June 30, 2002 Increase in reserve for inventories Increase in claims and judgements payable Accrued interest $ 1,061,498 2,357,504 (2,046,804) (1,592,677) (220,479) Internal service funds are used by management to charge the costs of equipment services, telecommunications, reprographics, risk management, employee benefits, and the sheriff warehouse to individual funds. The net revenue of internal service funds is reported with governmental activities. $ (612,255) Change in net assets of governmental activities $ 52 $ 294,021,377 Notes to the Financial Statements (Continued) NOTE 5 – STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY At June 30, 2002, the following funds reported deficits in fund balances or net assets. FUND DEFICIT Governmental Funds: Accommodation Schools Adult Probation Grants Animal Control Clerk of Court Grants Correctional Health Grants County Attorney Grants Human Service Grants Juvenile Court Grants Public Defender Training Proprietary Funds: Equipment Services Non-AHCCCS Health Plans Risk Management $ 265,943 40,421 517,245 423,890 41,675 310,373 2,245,722 91,267 78,623 $ 374,013 182,869 18,020,030 The deficits in fund balances or net assets for Adult Probation Grants, Clerk of Court Grants, Correctional Health Grants, County Attorney Grants, Human Service Grants and Juvenile Court Grants Funds were attributed to the deferring of certain grant revenues. The County accrues grant revenue received within 60 days after year-end, as it is available and measurable. Revenues received after 60 days are considered not available and are therefore deferred. The Non-AHCCCS Health Plans deficit of $182,869 was partially corrected from the prior fiscal year by transfers in from other funds. The deficit is not expected to be corrected through normal operations in fiscal year 2002-03. The Risk Management Fund deficit is the result of the County Board of Supervisors electing to not fund the Risk Management Fund’s unpaid claims. Consequently, the Risk Management Fund only billed user departments for operating costs and administrative expenses from fiscal year 1995-96 to fiscal year 1998-99, resulting in a fund deficit of $23,321,519 at June 30, 1999. On July 1, 1999, Risk Management began billing user departments for actuarially determined paid claim estimates. The remaining deficits in fund balances or net assets resulted from operations during the year and are expected to be corrected through normal operations in fiscal year 2002-03. NOTE 6 – DEPOSITS AND INVESTMENTS Arizona Revised Statutes (A.R.S.) authorize the County to invest public monies in the State Treasurer’s investment pool; U.S. Treasury obligations; specified state and local government bonds; and interestearning investments such as savings accounts, certificates of deposit, and repurchase agreements in eligible depositories. Statute requires collateral for demand deposits, certificates of deposit, and repurchase agreements at 101 percent of all deposits not covered by federal depository insurance. County Treasurer’s Investment Pool – Arizona Revised Statutes require community colleges, school districts, and other local governments to deposit certain public monies with the County Treasurer (see Note 7). Those monies are pooled with County monies for investment purposes. 53 Notes to the Financial Statements (Continued) At June 30, 2002, the investment pool had cash on hand of $4,500. The carrying amount of the pool’s total cash in bank was $9,484,395 and the bank balance was $28,520,114. Of the bank balance, $100,000 was covered by federal depository insurance or by collateral held by the County or its agent in the County’s name; and $28,420,114 was covered by collateral held by the pledging financial institution’s trust department or agent in the County’s name. At June 30, 2002, the investments in the County Treasurer’s investment pool consisted of the following: U.S. government securities Total $ Reported Amount 1,903,443,735 $ Fair Value 1,903,443,735 $ 1,903,443,735 $ 1,903,443,735 The investment pool’s investments at June 30, 2002, are categorized below to give an indication of the level of risk assumed by the County at year-end. Category 1 includes investments that are insured or registered in the County’s name, or for which the securities are held by the County or its agent in the County’s name. Category 2 includes uninsured and unregistered investments for which the securities are held by the counterparty’s trust department or agent in the County’s name. Category 3 includes uninsured and unregistered investments for which the securities are held by the counterparty, or by its trust department or agent but not in the County’s name. CATEGORY I U.S. government securities Total investments $ $ CATEGORY II 1,903,443,735 1,903,443,735 $ $ CATEGORY III REPORTED AMOUNT $ $ $ 1,903,443,735 $ 1,903,443,735 FAIR VALUE $ 1,903,443,735 $ 1,903,443,735 Other Deposits – At June 30, 2002, the total nonpooled cash on hand was $91,560. The carrying amount of the total nonpooled cash in bank was $38,784,048 and the bank balance was $25,560,051. Of the bank balance, $469,337 was covered by federal depository insurance or by collateral held by the County or its agent in the County’s name, and $15,965,112 was covered by collateral held by the pledging financial institution’s trust department or agent in the County’s name, and $9,125,602 was uninsured and uncollateralized. Other Investments - At June 30, 2002, the County’s nonpooled investments consisted of the following: U.S. government securities Mutual funds Total Reported Amount 25,009,840 41,110,676 $ $ 66,120,516 $ $ Fair Value 25,009,840 41,110,676 66,120,516 The County’s nonpooled investments at June 30, 2002, are categorized below to give an indication of the level of risk assumed by the County at year-end. CATEGORY I U.S. government securities $ $ 11,110,333 11,110,333 CATEGORY II $ $ CATEGORY III $ $ Investments not subject to categorization: Mutual funds Total investments 54 13,899,507 13,899,507 REPORTED AMOUNT FAIR VALUE $ 25,009,840 $ 25,009,840 41,110,676 $ 66,120,516 $ 41,110,676 66,120,516 Notes to the Financial Statements (Continued) The Board of Supervisors authorized $3,982,838 of interest earned in certain other funds to be transferred to the General Fund. A reconciliation of cash and investments to amounts shown on the Statements of Net Assets follows: Cash and investments: Cash on hand Carrying amount of deposits Reported amount of investments County Treasurer’s Investment Pool $ 4,500 9,484,395 1,903,443,735 $ Total $ $ 1,912,932,630 Other 91,560 38,784,048 66,120,516 104,996,124 $ Total 96,060 48,268,443 1,969,564,251 $ 2,017,928,754 Statements of Net Assets: Cash in bank and on hand Cash and investments held by County Treasurer Cash and investments held by trustee Total Primary Government $ 13,057,331 689,016,474 54,569,540 Total Fiduciary Funds $ 26,258,920 1,235,026,489 0 $ Total $ $ 1,261,285,409 $ 2,017,928,754 756,643,345 Total 39,316,251 1,924,042,963 54,569,540 NOTE 7 – CONDENSED FINANCIAL STATEMENTS OF COUNTY TREASURER’S INVESTMENT POOL Arizona Revised Statutes require community colleges, school districts, and other local governments to deposit certain public monies with the County Treasurer. The Treasurer has a fiduciary responsibility to administer those and the County monies under his stewardship. The Treasurer invests, on a pool basis, all idle monies not specifically invested for a fund or program. In addition, the Treasurer determines the fair value of those pooled investments monthly and at June 30. The County Treasurer’s investment pool is not registered with the Securities and Exchange Commission as an investment company and there is no regulatory oversight of its operations. The structure of the pool does not provide for shares and the County has not provided or obtained any legally binding guarantees to support the value of the participants’ investments. Details of each major investment classification follows. Investment Type U. S. government securities Principal $ 1,897,102,577 Interest Rates 1.68 – 7.25% Maturities Up to 3 Years Fair Value $ 1,903,443,735 Reported Amount $ 1,903,443,735 A condensed statement of the investment pool’s net assets and changes in net assets follows. Statement of net assets Assets Liabilities Net assets $ $ Net assets held in trust for: Internal participants External participants Total net assets held in trust $ $ 55 1,924,699,661 0 1,924,699,661 740,120,699 1,184,578,962 1,924,699,661 Notes to the Financial Statements (Continued) Statement of changes in net assets Total additions Total deductions Net increase/(decrease) Net assets held in trust: July 1, 2001 June 30, 2002 $ 17,104,494,938 17,111,049,923 (6,554,985) 1,931,254,646 1,924,699,661 $ NOTE 8 – RECEIVABLES Receivables as of year-end for the County’s individual major funds and nonmajor funds in the aggregate, including the applicable allowances for uncollectible accounts, are as follows: GOVERNMENTAL FUNDS GENERAL TRANSPOR TATION JAIL OPERATIONS FLOOD CONTROL GENERAL OBLIGATION LEASEREVENUE COUNTY IMPROVEMENT OTHER GOVERNMENTAL FUNDS TOTAL Receivables: Accrued interest $ Taxes 1,319,981 $ 128,530 7,464,305 $ 100,418 $ 627,156 $ 1,159,057 $ 541,372 $ 317,840 $ 628,100 $ 287,117 Special assessments Total receivables 516,323 9,538,579 513,537 $ 8,784,286 $ 128,530 $ 1,259,475 $ 627,156 $ 628,100 $ 541,372 $ 317,840 $ 1,316,977 3,551,620 513,537 $ 13,603,736 PROPRIETARY FUNDS MEDICAL CENTER Receivables: Accounts Accrued interest Gross receivables Less: allowance for uncollectibles Net total receivables $ $ 128,693,471 128,693,471 (78,466,811) 50,226,660 MARICOPA HEALTH PLAN $ $ OTHER ENTERPRISE FUNDS ALTCS 6,733,151 87,446 6,820,597 $ 6,820,597 $ 3,765,459 620,326 4,385,785 $ 4,385,785 $ INTERNAL SERVICE FUNDS 444,287 230,649 674,936 $ 674,936 $ TOTAL $ 187,856 187,856 187,856 $ 139,636,368 1,126,277 140,762,645 (78,466,811) 62,295,834 NOTE 9 – DUE FROM OTHER GOVERNMENTAL UNITS Amounts due from other governmental units at June 30, 2002, of $146,309,982, as reported on the Governmental Funds Balance Sheet, include $55,063,482, $19,237,581 and $13,169,120 in state-shared revenues for sales taxes, vehicle license taxes and highway user taxes, respectively; $16,225,622 in jail tax collected by the State but not received by the County; $880,863 in rental car surcharge collected by the State but not received by the County; $20,484,948 in various Federal and State grants; $3,921,160 due from other governments for prisoner detention and police services; and $15,702,126 due from cities and towns for Flood Control and Transportation intergovernmental agreements. The balance of $1,625,080 is comprised of miscellaneous receivables from Federal, State and local governments. 56 Notes to the Financial Statements (Continued) NOTE 10 – CAPITAL ASSETS Capital asset activity for the year ended June 30, 2002 was as follows: BALANCE JULY 1, 2001 RESTATED Governmental activities: Nondepreciable assets: Land Construction in progress Infrastructure Total capital assets not being depreciated $ 146,500,730 181,165,660 355,112,429 682,778,819 INCREASES $ 61,011,727 240,229,290 1,924,029 303,165,046 BALANCE JUNE 30, 2002 DECREASES $ 30,133,996 56,339,031 $ 86,473,027 177,378,461 365,055,919 357,036,458 899,470,838 Depreciable assets: Buildings Machinery and equipment Total 703,953,324 191,079,151 895,032,475 141,226,200 40,961,715 182,187,915 108,974,077 73,642,598 182,616,675 736,205,447 158,398,268 894,603,715 Less accumulated depreciation for: Buildings Machinery and equipment Total 150,989,400 129,519,814 280,509,214 15,725,987 17,345,404 33,071,391 2,107,778 46,219,665 48,327,443 164,607,609 100,645,553 265,253,162 614,523,261 149,116,524 134,289,232 629,350,553 220,762,259 $ 1,528,821,391 Total capital assets being depreciated, net Governmental activities capital assets, net $ 1,297,302,080 $ 452,281,570 $ Business-type activities: Nondepreciable assets: Land Construction in progress Total capital assets not being depreciated $ $ 1,420,000 4,379,745 5,799,745 $ Depreciable assets: Buildings Machinery and equipment Total Less accumulated depreciation for: Buildings Machinery and equipment Total Total capital assets being depreciated, net Business-type activities capital assets, net $ 1,489,679 33,304,314 34,793,993 12,033,695 12,033,695 $ 2,909,679 25,650,364 28,560,043 74,422,329 84,172,394 158,594,723 12,960,753 16,810,460 29,771,213 947,876 1,608,530 2,556,406 86,435,206 99,374,324 185,809,530 35,469,983 53,946,483 89,416,466 3,482,309 7,315,325 10,797,634 31,644 2,421,482 2,453,126 38,920,648 58,840,326 97,760,974 69,178,257 18,973,579 103,280 88,048,556 103,972,250 $ 24,773,324 $ 12,136,975 $ 116,608,599 The July 1, 2001 governmental activities capital assets balances were restated due to the implementation of GASB Statement No. 34, the County capitalized its Department of Transportation infrastructure retroactively resulting in an adjustment to beginning balances of $490,214,318 ($355,112,429 was reported as infrastructure and the remaining $135,101,889 was reported in construction in progress and land). In addition, the County restated the governmental activities beginning balances of land (increased $28,331,911), buildings (decreased $8,101,891), and machinery and equipment (decreased $20,230,020) to correct prior year misclassifications. Furthermore, the County reclassified the prior year ending balances of improvements other than buildings for governmental activities ($53,314,018) and business-type activities ($3,288,729) to the beginning balances of buildings as these improvements were closely associated with specific buildings. 57 Notes to the Financial Statements (Continued) Depreciation expense was charged to functions/programs as follows: Government activities: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Internal service funds Total governmental activities depreciation expense Business-type activities: Medical Center Maricopa Health Plan Arizona Long-Term Care System Other Total business-type activities depreciation expense $ $ $ $ 6,775,007 11,364,854 3,765,178 2,589,252 7,747,172 113,534 716,394 33,071,391 10,541,914 13,773 99,966 141,981 10,797,634 NOTE 11 – CONSTRUCTION AND OTHER SIGNIFICANT COMMITMENTS At June 30, 2002, Maricopa County had the following major contractual commitments related to various capital projects. Commitments have been grouped into four major categories: Transportation Construction Projects, Flood Control Construction Projects, Construction and Maintenance of Adult and Juvenile Jail Facilities, and Construction of the Administration Center and various County facilities. Transportation Construction Projects At June 30, 2002, the Maricopa County Transportation Department had contractual commitments of $15,291,933 for construction of various highway projects. Funding for these expenditures will be provided from Highway User Fuel Tax, the primary source of revenue for the Transportation Department. Flood Control Construction Projects At June 30, 2002, the Maricopa County Flood Control District had contractual commitments of $39,418,000 for the construction of various flood control projects. Funding for these expenditures will be provided from the Flood Control District’s tax levy of property within Maricopa County, the primary source of revenue for the Flood Control District. Construction and Maintenance of Adult and Juvenile Jail Facilities On November 3, 1998, at the general election, the voters approved a 1/5 of one-cent sales tax to begin January 1, 1999, for the construction and maintenance of adult and juvenile jail facilities. The tax shall continue in effect until $900 million of revenue is collected, but in no event more than nine years. At June 30, 2002, Maricopa County had contractual commitments of $175,940,472. On November 5, 2002, at the general election, the voters approved an extension of the existing jail sales tax of 1/5 of one-cent for jail facilities and programs. The extension shall be levied beginning the month following the expiration of the previous tax as approved by the voters in 1998. 58 Notes to the Financial Statements (Continued) Construction of Administration Center and various County facilities At June 30, 2002, Maricopa County had contractual commitments of $2,009,165 related to major capital projects financed by the Lease Revenue Bonds, Series 2001. NOTE 12 – LONG-TERM LIABILITIES The following schedule details the County’s long-term liability and obligation activity for the year ended June 30, 2002. BALANCE JULY 1, 2001, RESTATED Governmental activities: Bonds, loans, and other payables: General obligation bonds Lease revenue bonds Stadium District revenue bonds Stadium District debt with governmental commitment Stadium District contractual obligations Special assessment debt with governmental commitment Housing department bonds Housing department loans Certificates of participation payable Capital leases $ 79,595,000 104,355,000 28,658,512 $ 20,165,000 $ 58,225,000 27,935,000 13,888,888 Total bonds, loans, and other payables Plus: bond premium Total bonds, loans, and other payables BALANCE JUNE 30, 2002 REDUCTIONS ADDITIONS 60,670 41,390,000 28,658,512 58,370,000 104,355,000 58,225,000 27,935,000 6,000,000 7,888,888 458,977 64,925 1,754,922 9,804,315 19,442,376 64,608 14,114 113,612 3,996,231 4,520,352 260,364,403 41,360,161 589,431 81,862 1,861,500 13,575,118 14,225,356 9,969,160 191,124 16,937 106,578 3,770,803 4,752,140 284,765,667 88,419,830 112,821,094 $ DUE WITHIN ONE YEAR $ 18,855,000 12,796,244 1,000,000 6,247,470 3,541,257 542,279 9,246,448 291,013,137 91,961,087 113,363,373 269,610,851 41,360,161 131,306,682 2,046,804 133,353,486 14,714,000 40,708,931 172,015,613 14,253,527 16,300,331 42,471,463 175,824,949 12,243,524 26,957,524 Other liabilities: Claims and judgements payable Reported and incurred but not reported claims Totals other liabilities Governmental activities long-term liabilities Business-type Activities: Bonds and other payables: Lease revenue bonds Certificates of participation Capital leases Installment purchase agreements Total bonds and other payables $ 463,028,750 $ $ 20,500,000 11,824,853 229,159 3,023,111 35,577,123 $ Other liabilities: Reported and incurred but not reported claims Liability for closure and postclosure costs Total other liabilities Business-type activities long-term liabilities 99,738,418 $ 125,854,368 $ $ 445,435,800 $ 68,317,685 $ 20,500,000 11,768,519 $ 2,513,756 828,151 56,334 229,159 415,296 700,789 55,947,174 8,214,121 64,161,295 $ 108,261,418 12,490,995 12,490,995 44,923,718 50,644,879 96,981 50,741,860 44,923,718 $ 44,923,718 59 $ 51,442,649 $ 2,607,815 34,876,334 436,342 3,778,249 50,226,013 8,117,140 58,343,153 50,226,013 3,655,934 53,881,947 93,219,487 $ 57,660,196 Notes to the Financial Statements (Continued) The Stadium District revenue bonds and contractual obligations were restated at July 1, 2001, resulting in an increase in long-term liabilities of $1,486,469 and $13,888,888, respectively, due to the recalculation of the liability for variable rate debt and the inclusion of contractual obligations. In addition, compensated absences previously reported as a long-term liability is substantially paid within one year from fiscal yearend and is therefore reported as a current liability on the government-wide financial statement in accordance with GASB Statement No. 34. Bonds and loans payable were as follows at June 30, 2002: General Obligation Bonds General obligation bonds are direct obligations of the government. Prior to issuance, general obligation bonds have a majority vote approval from the residents. Principal and interest are payable from secondary property taxes levied on all taxable property within the County without limitation as to rate or amount. The bonds are generally callable and the interest is payable semiannually. DESCRIPTION 1986 Bond Issue Series D (1993) 1992 Refunding Bond Issue First Series 1992 Second Series 1992 1994 Refunding Bond Issue 1994A Tax Exempt 1995 Refunding Bond Issue 2001 Refunding Bond Issue AMOUNT OF ISSUE $ $ OUTSTANDING AT JUNE 30, 2002 INTEREST RATES MATURITY DATES 25,575,000 4.6 – 4.7% 7-1-02/03 68,500,000 67,500,000 5.0% 6.25% 7-1-02/03 7-1-02/03 950,000 34,250,000 9,220,000 17,320,000 20,165,000 5.2% 4.7% 4% 7-1-02 7-1-02 7-1-04 335,000 670,000 20,165,000 208,280,000 $ $ 2,000,000 58,370,000 Annual debt service requirements to maturity for general obligation bonds are as follows: GOVERNMENTAL ACTIVITIES General Obligation Bonds 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 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 1, 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’s 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. 60 Notes to the Financial Statements (Continued) 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 that 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. The following Lease Revenue Bonds were outstanding at June 30, 2002: DESCRIPTION INTEREST RATES AMOUNT OF ISSUE 2001 Lease Revenue Bonds $ 124,855,000 $ 124,855,000 OUTSTANDING AT JUNE 30, 2002 MATURITY DATES 3.45 – 5.50% 7-1-02/15 $ 124,855,000 $ 124,855,000 Annual debt service requirements to maturity for lease revenue bonds are as follows: GOVERNMENTAL ACTIVITIES BUSINESS-TYPE ACTIVITIES LEASE REVENUE BONDS YEAR ENDED JUNE 30 PRINCIPAL INTEREST TOTAL PRINCIPAL 2003 $ 12,796,244 $ 5,021,803 $ 17,818,047 $ 2,513,756 2004 13,527,577 4,427,689 17,955,266 2,657,423 869,796 3,527,219 2005 4,830,979 3,976,498 8,807,477 949,021 781,162 1,730,183 2006 5,069,185 3,738,459 8,807,644 995,815 734,401 1,730,216 2007 5,336,644 3,477,122 8,813,766 1,048,356 683,063 1,731,419 2008 - 12 31,133,906 12,987,605 44,121,511 6,116,094 2,551,346 8,667,440 2013 - 16 31,660,465 3,565,836 35,226,301 6,219,535 700,490 6,920,025 $ 104,355,000 $ 37,195,012 $ 141,550,012 $ 20,500,000 $ 7,306,765 $ 27,806,765 Total INTEREST $ 986,507 TOTAL $ 3,500,263 The following capital assets are currently associated with the Lease Revenue Bonds: GOVERNMENTAL ACTIVITIES Construction in progress $ $ 64,903,229 64,903,229 Stadium District Revenue Bonds 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 Stadium District pursuant to A.R.S. §48-4234. Under the statute, the Stadium 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 Stadium District Board of Directors initially levied a surcharge at a rate of $1.50 beginning in January 1992 and 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. 61 Notes to the Financial Statements (Continued) The Stadium District had the following revenue bonds outstanding at June 30, 2002: DESCRIPTION Revenue Refunding Bonds, Series 2002 AMOUNT OF ISSUE $ 58,225,000 $ 58,225,000 INTEREST RATES MATURITY DATES 2.5 — 5.375% 6-1-03/19 OUTSTANDING AT JUNE 30, 2002 $ 58,225,000 $ 58,225,000 Annual debt service requirements to maturity for Stadium District bonds are as follows: GOVERNMENTAL ACTIVITIES Stadium District Revenue Bonds Year Ended June 30 2003 2004 2005 2006 2007 2008 - 12 2013 - 17 2018 - 19 Total Principal $ 1,000,000 2,000,000 2,490,000 2,685,000 2,820,000 16,285,000 20,920,000 10,025,000 $ 58,225,000 Interest $ 2,937,094 2,912,094 2,862,094 2,737,594 2,603,344 10,815,194 6,185,013 815,388 $ 31,867,813 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. 1993 Peoria IGA - 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. 1996 Mesa IGA - 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 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 remarketed 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. 62 Notes to the Financial Statements (Continued) 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 of 5.1% - 5.5%, to advance refund $1,375,000 of outstanding Revenue Bonds Series 1993B (issued 1993) with interest rates of 4.7% 4.75%, and to advance refund $8,565,000 of outstanding Revenue Bonds, Series 1996 Bonds (issued 1996) with interest rates of 5.0% - 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 were 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 the trustee) on July 1, 2003 for the Series 1993A, 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. Special Assessment Debt With Governmental Commitment Special Assessments Bonds are payable from assessments collected from property owners benefited by the respective improvements. The proceeds were used to finance construction in these districts. While there is no legal obligation for the County to further secure the special assessment bonds of the districts below, the County has made a moral commitment to take steps necessary to prevent default. Special Assessment Bonds currently outstanding for governmental activities are as follows: DESCRIPTION Fairview Lane Grand View Manor East Fairview Lane Queen Creek Water White Fence Farms 104th Place/University Central Avenue Billings Street Marquerite Drive $ $ AMOUNT OF ISSUE 59,379 274,888 60,657 301,960 185,810 83,236 301,905 14,004 60,670 1,342,509 INTEREST RATES 9.000% 9.000% 9.000% 4.875% 9.000% 9.000% 9.000% 9.000% 9.000% MATURITY DATES 1-1-03/06 1-1-03/05 1-1-03/07 7-1-02/17 1-1-03/07 1-1-03/07 1-1-03/09 1-1-03/08 7-1-02/11 $ $ OUTSTANDING AT JUNE 30, 2002 7,532 40,513 19,016 113,801 49,722 26,572 137,360 3,791 60,670 458,977 Annual debt service requirements to maturity for special assessment debt with governmental commitment are as follows: GOVERNMENTAL ACTIVITIES Special Assessment Year Ended June 30 2003 2004 2005 2006 2007 2008 - 12 2013 - 17 2018 Total Principal $ $ 64,608 41,983 68,891 77,568 66,483 101,029 32,013 6,402 458,977 63 Interest $ $ 37,873 31,103 27,588 21,652 15,080 26,289 5,462 156 165,203 Notes to the Financial Statements (Continued) Housing Department Bonds Housing Department Bonds, payable from Federal government subsidies, are due annually in varying principal and interest amounts. AMOUNT OF ISSUE DESCRIPTION AZ 9-6 $ INTEREST RATE MATURITY DATES 3.875% 11-1-02/05 369,787 OUTSTANDING AT JUNE 30, 2002 $ 64,925 Annual debt service requirements to maturity for housing department bonds are as follows: GOVERNMENTAL ACTIVITIES Housing Department Bonds Year Ended June 30 Principal 2003 2004 2005 2006 Total $ $ 14,114 16,937 16,937 16,937 64,925 Interest $ 2,242 1,641 985 328 5,196 $ Housing Department Loans Housing Department loans payable at June 30, 2002, consisted of the outstanding notes below. The Department sold notes to the Federal Financing Bank. These notes will be repaid through Federal government subsidies. DESCRIPTION AZ 9-9 AMOUNT OF NOTE $ $ 3,112,494 3,112,494 INTEREST RATE MATURITY DATES OUTSTANDING AT JUNE 30, 2002 6.60% 11-1-02/12 $ $ 1,754,922 1,754,922 Annual debt service requirements to maturity for housing department loans are as follows: GOVERNMENTAL ACTIVITIES Housing Department Loans YEAR ENDED JUNE 30 2003 2004 2005 2006 2007 2008 - 12 2013 TOTAL PRINCIPAL $ $ 113,612 121,110 128,829 137,606 146,688 891,882 215,195 1,754,922 64 INTEREST $ $ 115,825 106,326 100,608 91,831 82,749 255,300 14,242 766,881 Notes to the Financial Statements (Continued) 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 November 1, 2000, Maricopa County Public Finance Corporation issued $6,975,000 of Certificates of Participation to pay for the acquisition of and improvements to the Desert Vista Hospital and medical office facilities. 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. 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 the Maricopa County Regional School District 509. 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 known as the Estrella Jail Complex. 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. The following Certificates of Participation were outstanding at June 30, 2002: DESCRIPTION AMOUNT OF ISSUE 2000 Certificates of Participation 2000 Certificates of Participation 1996 Certificates of Participation 1994 Certificates of Participation 1993 Certificates of Participation $ $ 6,975,000 5,300,000 2,500,000 30,000,000 3,850,000 48,625,000 INTEREST RATES MATURITY DATES 4.60 - 5.50% 5.70 - 6.00% 5.90 - 6.25% 6.00% 5.00 - 5.25% 7-1-02/15 7-1-02/10 6-1-03/11 5-25-03/04 6-01-03/08 OUTSTANDING AT JUNE 30, 2002 $ $ 6,540,000 5,006,000 1,726,834 7,510,000 790,000 21,572,834 Annual debt service requirements to maturity for certificates of participation are as follows: YEAR ENDED JUNE 30 2003 2004 2005 2006 2007 2008 - 12 2013 - 16 TOTAL GOVERNMENTAL ACTIVITIES PRINCIPAL INTEREST $ 3,996,231 $ 584,496 4,135,878 346,381 226,117 100,004 239,743 86,952 254,056 73,025 952,290 144,378 $ 9,804,315 $ 1,335,236 65 BUSINESS-TYPE ACTIVITIES PRINCIPAL INTEREST $ 828,151 $ 635,039 872,375 591,879 878,534 545,988 927,942 499,172 975,350 449,266 4,911,167 1,391,543 2,375,000 330,010 $ 11,768,519 $ 4,442,897 Notes to the Financial Statements (Continued) The following capital assets are currently associated with the Certificates of Participation: GOVERNMENTAL ACTIVITIES $ 30,000,000 2,765,570 Land Juvenile Court Justice Court/Probation Center Buildings Avondale Family Health Center Desert Vista Buildings Pappas School Building BUSINESS-TYPE ACTIVITIES $ 1,084,430 5,300,000 6,975,000 $ 2,500,000 35,265,570 $ 13,359,430 Capital Leases The County has entered into various lease-purchase agreements, which are noncancellable, for the acquisitions of the following equipment: GOVERNMENTAL ACTIVITIES Building Improvements Computer Systems and Equipment Library Bookmobile Medical Equipment Printing Equipment Radio System Sheriff’s Helicopters Telephone Systems Total Capital Assets Accumulated Depreciation Net Value of Leased Capital Assets $ $ 5,810,820 6,274,300 207,720 362,273 125,290 9,458,005 2,040,000 294,092 24,572,500 (8,297,410) 16,275,090 These lease-purchase agreements require the County to pay all maintenance costs. At the time of the final principal and interest payments, title to the leased equipment transfers to the County. These leases are contingent on budgetary appropriations each fiscal year. The assets are capitalized at total principal cost. The following schedule details debt service requirements to maturity for the County’s capital leases payable at June 30, 2002. YEAR ENDED JUNE 30 2003 2004 2005 2006 2007 2008 - 12 Total minimum lease payments GOVERNMENTAL ACTIVITIES $ Amount representing interest Present value of net minimum lease payments 66 $ 5,418,806 4,958,982 4,449,210 2,536,192 993,578 3,951,792 22,308,560 (2,866,184) 19,442,376 Notes to the Financial Statements (Continued) 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. BUSINESS-TYPE ACTIVITIES Medical Equipment Total Capital Assets Accumulated Depreciation Net Value of Installment Purchase Capital Assets $ $ 3,278,464 3,278,464 (744,349) 2,534,115 The following schedule details debt service requirements to maturity for the County’s installment purchase contracts payable at June 30, 2002. YEAR ENDED JUNE 30 2003 2004 2005 2006 2007 - 2008 Total minimum payments Amount representing interest Present value of net minimum payments BUSINESS-TYPE ACTIVITIES $ 555,306 555,306 555,306 555,306 750,770 2,971,994 (364,179) $ 2,607,815 Funding Source for Governmental Activities Liabilities Governmental Funds Liabilities General obligation bonds Lease revenue bonds Stadium District revenue bonds Stadium District contractual obligations Special assessment debt with governmental commitment Housing department bonds Housing department loans Certificates of participation payable Capital leases Claims and judgements payable Reported and incurred but not reported claims Funding Source General Obligation Fund Lease Revenue Fund Stadium District Fund (Nonmajor Debt Service Fund) Bank One Ballpark Operations Fund (Nonmajor Special Revenue Fund) Special Assessment Fund (Nonmajor Special Revenue Fund) Housing Department Fund (Nonmajor Special Revenue Fund) Housing Department Fund (Nonmajor Special Revenue Fund) General Fund General Fund (97%), Nonmajor Special Revenue Funds (2%), Internal Service Funds (1%) General Fund Risk Management Fund and Employee Benefits Fund (Internal Service Funds) Conduit Debt Obligations Maricopa County issues revenue bonds on behalf of private sector entities to provide financial assistance for projects deemed to be of public interest. Neither the principal, accrued interest or premium, if any, shall ever constitute an indebtedness of the County or State of Arizona or any political subdivision, nor shall it be a liability or a charge against the general credit or taxing powers. Accordingly, the bonds are not reported as liabilities in the accompanying financial statements. As of June 30, 2002, there were three revenue bond issues outstanding, with an aggregate principal amount payable of $124,235,000. 67 Notes to the Financial Statements (Continued) Arbitrage Compliance The County is in compliance with all Federal arbitrage regulations for tax-exempt debt securities. As of June 30, 2002, the County had no arbitrage liability. NOTE 13 – MUNICIPAL LANDFILL CLOSURE AND POSTCLOSURE CARE COSTS State and Federal laws and regulations require Maricopa County to place a final cover on the eight County landfills (this includes three transfer stations) when they stop accepting waste and to perform specific maintenance and monitoring functions at the site for thirty years after closure. Although closure and postclosure care costs will not be paid until near or after the date that the landfill stops accepting waste, the County reports a portion of these closure and postclosure care costs in each operating period even though actual payouts will not occur until the landfill is closed. These costs will be paid from the Solid Waste (Enterprise) Fund. CAVE CREEK QUEEN CREEK HASSAYAMPA PHASE 1 NEW RIVER GILA $ 3,087,701 $ 5,596,470 5,320,000 3,500,000 5,320,000 0 TRANSFER STATIONS 1,429,434 $ 1,131,300 $ 777,323 2,683,200 530,936 258,720 12,292,856 3,346,000 2,683,200 530,936 258,720 12,138,856 67,874 0 0 0 67,874 5,320,000 3,413,874 2,683,200 530,936 258,720 12,206,730 100.00% 97.54% 100.00% 100.00% 100.00% 99.30% $ 3,087,701 $ 5,596,470 1,429,434 $ 1,131,300 $ 777,323 0 0 0 0 0 $ 3,087,701 $ 5,596,470 1,429,434 $ 1,131,300 $ 777,323 0 1 0 0 0 0 1 0 86,126 0 0 0 0 86,126 TOTAL CLOSURE COSTS Total closure and postclosure costs Approximate total capacity (cubic yards) $ $ 504,050 $ 12,526,278 WASTE FLOW (Cubic Yards) Prior to fiscal year 2001-02 Fiscal year 2001-02 Total waste received Capacity used ACCRUAL OF COSTS Prior to fiscal year 2001-02 Fiscal year 2001-02 Total costs accrued at June 30, 2002 REMAINING CAPACITY AND COSTS Remaining life in years Remaining capacity (cubic yards) Remaining costs to accrue $ 0 $ 0 $ $ $ 0 $ 0 $ 0 $ 504,050 $ 0 $ $ 504,050 0 12,526,278 0 $ $ 12,526,278 0 Accrued liabilities of $12,526,278 have been reduced by $4,409,138 for actual closure and postclosure care costs incurred. The accrued liability balance at June 30, 2002, for the Solid Waste Business-Type Activity includes $8,117,140 for the remaining costs. At June 30, 2002, all closure and postclosure liabilities have been accrued. These amounts are based on what it would cost to perform all closure and postclosure care in fiscal year 2002. The actual cost to close the sites may differ from the estimates due to changes in technology, inflation or changes in regulations. The estimated costs to be incurred in future fiscal years are as follows: 68 Notes to the Financial Statements (Continued) YEAR ENDED 2003 2004 2005 2006 2007 2008 - 12 2013 - 17 2018 - 22 2023 - 27 2028 - 32 2033 Total CLOSURE BUSINESS-TYPE ACTIVITIES POSTCLOSURE $ 3,535,938 $ $ 3,535,938 $ 119,996 169,175 169,175 169,175 169,175 845,875 845,875 845,875 845,875 351,827 49,179 4,581,202 TOTAL $ $ 3,655,934 169,175 169,175 169,175 169,175 845,875 845,875 845,875 845,875 351,827 49,179 8,117,140 Effective September 1, 1997, State and Federal laws and regulations require that the County demonstrate financial assurance to ensure that the funds necessary to meet the costs of closure, postclosure care and corrective action will be available when needed. The County is in compliance with these requirements. NOTE 14 – OPERATING LEASES Operating Leases – The County’s operating leases are for office equipment, land and buildings. Rental expenses under the terms of these operating leases for governmental activities and business-type activities were $15,990,245 and $1,612,462, respectively, for the year ended June 30, 2002. These operating leases have remaining lease terms from one to nine years. Also, they provide renewal options and are contingent on budgetary appropriations each fiscal year. The future minimum rental payments required under these operating leases as of June 30, 2002, are as follows: YEAR ENDED JUNE 30 2003 2004 2005 2006 2007 2008 - 11 Total minimum payments required GOVERNMENTAL ACTIVITIES BUSINESS-TYPE ACTIVITIES $ 10,476,338 8,590,764 6,074,129 4,036,472 3,397,788 4,082,647 $ 510,230 $ 36,658,138 $ 510,230 NOTE 15 – RISK MANAGEMENT Self Insurance The Risk Management Fund (internal service fund) accounts for the financing of the insured risk of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; injuries to employees and natural disasters. The County carries commercial insurance for general and automobile liability in excess of $2,000,000 per occurrence and medical malpractice liability in excess of $2,000,000 per occurrence. Settled claims have not exceeded this commercial coverage since the inception of these insurance policies. Payment of workers’ compensation benefits is self-funded up to $1,000,000 per occurrence. 69 Notes to the Financial Statements (Continued) Liabilities for unpaid claims are estimates determined by an independent actuary using the following actuarial methods: incurred loss development, paid loss development, frequency/severity, incremental paid loss and the paid ALAE/paid loss development. Accrued actuarial liabilities are based on a discounted 55 percent confidence level assuming a 4.69 percent annual rate of return on future investment income. Accrued actuarial liabilities at June 30, 2002, for each insurable area follows. General liability Automobile liability Malpractice Workers’ compensation Property reserve Auto physical damage reserve Total $ 18,614,264 418,926 11,668,861 10,580,506 327,036 67,786 $ 41,677,379 Changes in the unpaid claims liability reported in the Risk Management Fund follows. BALANCE JULY 1 YEAR 1999-00 2000-01 2001-02 $ 40,772,018 43,030,624 40,569,044 CURRENT-YEAR CLAIMS AND CHANGES IN ESTIMATE $ 10,779,261 6,181,957 8,410,852 CLAIM PAYMENTS BALANCE JUNE 30 $ (8,520,655) (8,643,537) (7,302,517) $ 43,030,624 40,569,044 41,677,379 The Employee Benefits Trust Fund (internal service fund) accounts for the financing of the insured risk of loss for certain health benefits (dental and short-term disability) to eligible employees and their dependents. The liability for dental and short-term disability claims is based on fiscal year 2002 actuarial reports and claims paid in fiscal years 1999 through 2002. Effective January 1, 1998, all employee medical benefits are provided through commercial insurance. The County is still liable for claims filed under the previous medical coverage. The liability for medical is based on the 1997 actuarial report minus the paid claims for medical. Accrued actuarial liabilities at June 30, 2002, for each insurable area follow: Employee medical Employee dental Short-term disability Total $ $ 52,859 487,764 253,461 794,084 Changes in the unpaid claims liabilities reported in the Employee Benefit Fund follows: BALANCE JULY 1 YEAR 1999-00 2000-01 2001-02 $ 176,119 169,167 139,887 CURRENT-YEAR CLAIMS AND CHANGES IN ESTIMATE $ 696,724 924,104 5,842,675 70 CLAIM PAYMENTS $ (703,676) (953,384) (5,188,478) BALANCE JUNE 30 $ 169,167 139,887 794,084 Notes to the Financial Statements (Continued) Other Claims The County has exposure to the following claims areas carrying no commercial insurance: Indigent Health Care Litigation - At June 30, 2002, there were lawsuits and claims pending against the County in the amount of $172,501,621 for Indigent Health Care. The County has accrued a liability of $51,750,486 in the government-wide financial statements for governmental activities (in Claims and Judgements Payable) in accordance with GASB Statement No. 10 - Accounting and Financial Reporting for Risk Financing and Related Insurance Issues. Claims are paid from the County General Fund. The County believes that the amounts accrued are reasonable based on previous claims history. Environmental Claims - The County has estimated and recorded a probable liability of $81,603,000 in the government-wide financial statements for governmental activities (in Claims and Judgements Payable) for claims resulting from environmental hazards such as illegal dumping by previous landowners and tenants. There is a potential incremental liability of $98,497,000, which is contingent upon the extent to which additional environmental contamination is found. The County is researching historical records and performing investigations to identify the previous landowners and parties who are responsible for the environmental hazards. The County also has outstanding claims pertaining to eminent domain cases and disputes regarding property taxes levied. At June 30, 2002, there was a possible liability of $16.3 million for these cases. As these are considered possible losses only, no accrual is reported in the government-wide financial statements. Health Plans The County operates four health plans that are accounted for in the Maricopa Health Plan, ALTCS and NON-AHCCCS Health Plans Funds to provide health care services to the plans’ enrollees. The liability for reported and incurred but not reported claims of $50,226,013 presented in the Statement of Net Assets for the Proprietary Funds represents the outstanding medical claims for health care services received by the plans’ enrollees. The incurred but not reported portion of this liability was actuarially calculated. NOTE 16 – EMPLOYEE RETIREMENT PLANS Plan Descriptions The County contributes to the four retirement plans described below. Benefits are established by state statute and generally provide retirement, death, long-term disability, survivor, and health insurance premium benefits. The Arizona State Retirement System (ASRS) administers a cost-sharing multiple-employer defined benefit pension plan that covers general employees of the County. The ASRS is governed by the Arizona State Retirement System Board according to the provisions of Arizona Revised Statutes Title 38, Chapter 5, Article 2. The Public Safety Personnel Retirement System (PSPRS) (Sheriff, Investigators and Park Rangers) is an agent multiple-employer defined benefit pension plan that covers public safety personnel who are regularly assigned hazardous duty as employees of the State of Arizona or one of its political subdivisions. The PSPRS, acting as a common investment and administrative agent, is governed by a five member board, known as The Fund Manager, and 181 local boards according to the provisions of Arizona Revised Statutes Title 38, Chapter 5, Article 4. 71 Notes to the Financial Statements (Continued) The Corrections Officer Retirement Plan (CORP) is an agent multiple-employer defined benefit pension plan that covers certain employees of the State of Arizona, Departments of Corrections and Juvenile Corrections, and County employees whose primary duties require direct inmate contact. The CORP is governed by The Fund Manager of PSPRS and 23 local boards according to the provisions of Arizona Revised Statutes Title 38, Chapter 5, Article 6. The Elected Officials Retirement Plan (EORP) is a cost-sharing multiple-employer defined benefit pension plan that covers elected officials and judges of certain state and local governments. The EORP is governed by The Fund Manager of PSPRS according to the provisions of Arizona Revised Statutes Title 38, Chapter 5, Article 3. Financial Reports Each plan issues a publicly available financial report that includes its financial statements and required supplementary information. A report may be obtained by writing or calling the applicable plan. ASRS PSPRS, CORP, EORP 3300 N. Central Ave. P.O. Box 33910 Phoenix, AZ 85067-3910 (602) 240-2000 or (800) 621-3778 www.asrs.state.az.us 1020 E. Missouri Ave. Phoenix, AZ 85014 (602) 255-5575 www.psprs.com Funding Policy The Arizona State Legislature establishes and may amend active plan members’ and the County’s contribution rates. Cost-Sharing Plans - For the year ended June 30, 2002, active ASRS members and the County were each required by statute to contribute at the actuarially determined rate of 2.49 percent (2.00 percent retirement and 0.49 percent long-term disability) of the members’ annual covered payroll. The County’s contributions to ASRS for the years ended June 30, 2002, 2001, and 2000 were $11,046,104, $10,836,327, and $9,916,689, respectively, which were equal to the required contributions for the year. In addition, active EORP members were required by statute to contribute 7.00 percent of the members’ annual covered payroll. The County was required to remit a designated portion of court docket fees plus additional contributions of -0- percent of the member’s annual covered payroll, as determined by actuarial valuation. The County’s contributions to EORP for the years ended June 30, 2002, 2001, and 2000 were $2,350,549, $2,451,845, and $2,488,516, respectively, which were equal to the required contributions for the year. Agent Plans - For the year ended June 30, 2002, active PSPRS (Maricopa County Sheriff) members were required by statute to contribute 7.65 percent of the members’ annual covered payroll, and the County was required to contribute at the actuarially determined rate of 3.51 percent. Active PSPRS (Maricopa County Attorney Investigators) members were required by statute to contribute 7.65 percent of the members’ annual covered payroll, and the County was required to contribute at the actuarially determined rate of 5.05 percent. Active PSPRS (Maricopa County Park Rangers) members were required by statute to contribute 7.65 percent of the members’ annual covered payroll, and the County was required to contribute at the actuarially determined rate of 13.94 percent. Active CORP members were required by statute to contribute 8.50 percent of the members’ annual covered payroll, and the County was required to contribute at the actuarially determined rate of 2.00 percent. Annual Pension Cost - The County’s pension cost for the two agent plans for the year ended June 30, 2002, and related information follow. 72 Notes to the Financial Statements (Continued) PSPRS (Sheriff) Contribution rates: County Plan members Annual pension cost Contributions made 3.51% 7.65% $1,028,902 $1,028,902 (Investigators) 5.05% 7.65% $28,371 $28,371 CORP (Park Rangers) 13.94% 7.65% $64,913 $64,913 2.00% 8.50% $704,556 $704,556 The current-year annual required contributions for both the PSPRS (Sheriff and Investigators) and CORP were determined as part of their June 30, 2000, actuarial valuations using the entry-age actuarial cost method. PSPRS (Park Rangers) annual required contributions were determined as part of their June 30, 2001, actuarial valuation. The actuarial assumptions included (a) 9 percent investment rate of return and (b) projected salary increases ranging from 6.5 percent to 9.5 percent per year. Both (a) and (b) included an inflation component of 5.5 percent. The assumptions did not include cost-of-living adjustments. The actuarial value of assets was determined using techniques that smooth the effects of short-term volatility in the market value of investments over a 4-year period. The unfunded actuarial accrued liability is being amortized as a level percentage of projected payroll on an open basis. The remaining amortization period at June 30, 2000, was 20 years. Trend Information – Annual pension cost information for the current and two proceeding years for each of the agent plans follows. Plan Contributions Required and Contributions Made Annual Pension Percentage of APC Cost (APC) Contributed Net Pension Obligation Year Ended June 30, 2002 PSPRS (Sheriff) PSPRS (Investigators) PSPRS (Park Rangers) CORP Plan $ $ $ $ 1,028,902 28,371 64,913 704,556 100.0% 100.0% 100.0% 100.0% $ $ $ $ Contributions Required and Contributions Made Annual Pension Percentage of APC Cost (APC) Contributed 0 0 0 0 Net Pension Obligation Year Ended June 30, 2001 PSPRS (Sheriff) PSPRS (Investigators) PSPRS (Park Rangers) CORP $ $ $ 1,285,680 57,762 N/A 259,874 100.0% 100.0% N/A 100.0% $ $ $ 0 0 N/A 0 Contributions Required and Contributions Made Annual Pension Cost (APC) Plan Year Ended June 30, 2000 PSPRS (Sheriff) PSPRS (Investigators) PSPRS (Park Rangers) CORP $ $ $ Percentage of APC Contributed 1,223,311 54,870 N/A 1,722,719 100.0% 100.0% N/A 100.0% 73 Net Pension Obligation $ $ $ 0 0 N/A 0 Notes to the Financial Statements (Continued) NOTE 17 – INTERFUND BALANCES AND ACTIVITY Interfund receivables and payables – interfund balances at June 30, 2002, were as follows: Due From Due To General Fund General Fund Flood Control Jail Operations Medical Center Nonmajor Governmental Funds Internal Service Funds Total Due From $ Transportation $ Nonmajor Governmental Funds Medical Center $ 1,858,623 Total Due To $ $ 110 250,000 56,905,273 3,616,820 1,556,050 $ 62,078,143 2,765 $ 110 $ 2,108,623 $ 2,765 $ 1,858,623 110 250,000 56,905,273 3,619,585 1,556,050 64,189,641 The balance due to the General Fund of $56,905,273 from the Medical Center resulted from a cash deficit that is not expected to be collected in the subsequent year. All remaining balances resulted from cash deficits in individual funds or cash transfers that had not occurred at June 30, 2002. Interfund transfers – interfund transfers for the year ended June 30, 2002, were as follows: Transfers In Transfers Out General Fund Transportation Jail Operations Medical Center Maricopa Health Plan ALTCS Nonmajor Governmental Funds Nonmajor Enterprise Funds Total Transfers In General Fund $ General Obligation Jail Operations $ 101,186,962 $ Jail Construction $ Medical Center $ 66,217,416 Nonmajor Governmental Funds $ 180,053 Nonmajor Enterprise Funds $ 686,463 4,051,036 $ 168,270,894 344,392 84,726,011 941,914 17,293,718 26,719,376 $ 4,737,499 16,061,423 247,862 $ 314,605,590 344,392 84,726,011 941,914 17,293,718 22,668,340 644,128 $ 40,606,186 $ 101,186,962 172,475 247,862 $ 1,706,643 15,244,820 $ 84,726,011 $ 66,217,416 $ 15,424,873 Total Transfers Out Transfers out of general capital assets: Internal Service Funds Total Transfers Out 2,666,002 $ 317,271,592 In the fund financial statements, total transfers-in of $314,605,590 are less than total transfers-out of $317,271,592 because of the treatment of transfers of capital assets from the internal service funds. During the year existing capital assets with a book value of $2,666,002, were transferred from the internal service funds to County-wide capital assets. The internal service funds reported a transfer-out for the net carrying value of the assets, however; there was no offsetting transfers-in reported as internal service funds capital assets are combined with County-wide capital assets on the government-wide financial statements. All interfund transfers are budgeted and are used to move revenues from the fund that collects them to the fund that expends them. In addition, in fiscal year 2002, the ALTCS Fund and Maricopa Health Plan Fund (enterprise funds) transferred fund balance in excess of reserve requirements to the General Fund for a total amount of $39,962,058. The General Fund transferred the amount to the Medical Center (enterprise fund). 74 Notes to the Financial Statements (Continued) The interfund receivables, payables, and transfers by fund are as follows: DUE FROM OTHER FUNDS FUNDS MAJOR FUNDS General Fund $ Special Revenue Transportation Flood Control Jail Operations 62,078,143 DUE TO OTHER FUNDS $ 1,858,623 40,606,186 $ 168,270,894 344,392 110 250,000 101,186,962 84,726,011 1,706,643 Capital Projects Jail Construction Fund 84,726,011 Enterprise Funds Maricopa Health Plan Medical Center ALTCS 2,108,623 NONMAJOR FUNDS Special Revenue Accommodation Schools Adult Probation Grants Animal Control Bank One Ballpark Operations CDBG Housing Trust Correctional Health Grants County Attorney Grants Human Services Grants Juvenile Court Grants Library Parks and Recreation Grants Parks Donations Parks Enhancement Parks Lake Pleasant Parks Souvenir Planning and Development Public Defender Grants Public Defender Training Public Health Public Health Pharmacy Research and Reporting Sheriff Grants Stadium District 56,905,273 17,293,718 941,914 26,719,376 66,217,416 265,943 19,049 5,813 647,239 288,001 2,409 6,000,000 65,371 13,022 707,039 2,134,476 1,863 2,661 150,000 469,755 13,769 335,177 256,108 13,769 41,421 85,261 57,707 592,575 32,617 1,050 2,100,000 6,013,944 28,303 356 31 Debt Service Stadium District 356 Capital Projects Bank One Ballpark Project Reserve Intergovernmental Capital Projects Major League Stadium 6,013,944 647,239 2,100,000 6,000,000 2,378 Enterprise Funds Non-AHCCCS Health Plans Solid Waste 4,737,499 247,862 Internal Service Funds Employee Benefits Trust Equipment Services Sheriff Warehouse Telecommunications 245,425 605,818 950,232 2,420,577 $ 64,189,641 $ 64,189,641 Transfer to general capital assets Total $ TRANSFERS OUT 110 Debt Service General Obligation Total TRANSFERS IN $ 314,605,590 $ 317,271,592 $ 317,271,592 2,666,002 $ 64,189,614 $ 75 64,189,641 $ 317,271,592 Notes to the Financial Statements (Continued) NOTE 18 – DISPROPORTIONATE SHARE SETTLEMENT Section 1923 of the Social Security Act establishes federal requirements designed to aid entities that provide medical services to a disproportionate share of medically indigent patients. These requirements were met for the year ended June 30, 2002, through disproportionate share settlements established by Laws 2001, Second Special Session, Chapter 5. AHCCCS was directed to distribute such settlements based on various qualifying criteria and allocation processes. Laws 2001 appropriated disproportionate share settlement amounts to be distributed to the hospitals for the year ended June 30, 2002. The Medical Center’s share of the settlement for the year ended June 30, 2002, totaled $45,895,500. However, Laws 2001, Second Special Session, Chapter 7, also mandated the reimbursement of the total settlement through the State Treasurer to the State General Fund. NOTE 19 – MEDICAL CENTER OPERATING REVENUE Operating revenues: Gross patient service revenue $ Deductions from patient service revenues: Contractual and administrative adjustments Cost containment system contractual adjustments Net patient service revenues 487,699,115 (93,689,038) (119,196,066) 274,814,011 Other operating revenues: Disproportionate share settlement Charges for services Other Total other operating revenues 45,895,500 17,132,382 1,887,175 64,915,057 Deductions from other operating revenues: Disproportionate share reimbursements Net other operating revenues Total operating revenues $ 76 (45,895,500) 19,019,557 293,833,568 Financial Section Required Supplementary Information Maricopa County Required Supplementary Information Budgetary Comparison Schedule General Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Taxes Licenses and permits Intergovernmental Charges for services Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: General government Public safety Health, welfare and sanitation Culture and recreation Education Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING SOURCES (USES) Operating transfers in Operating transfers out Total other financing sources (uses) Net change in fund balances Fund balance – beginning of period Increase in reserve for inventory of supplies Fund balance – ending of period 267,067,433 375,000 447,958,379 16,047,611 10,333,814 15,015,158 756,797,395 $ 267,067,433 375,000 440,716,989 18,151,862 10,333,814 15,107,006 751,752,104 VARIANCE WITH FINAL BUDGET POSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 268,320,391 415,821 431,826,951 23,072,200 12,886,925 16,382,542 752,904,830 $ 1,252,958 40,821 (8,890,038) 4,920,338 2,553,111 1,275,536 1,152,726 134,754,120 224,916,663 223,756,400 1,728,747 1,627,270 25,086,786 611,869,986 123,884,510 230,344,520 255,146,356 1,704,912 1,639,982 25,953,156 638,673,436 103,259,967 228,487,529 243,782,728 1,589,168 1,428,979 12,340,857 590,889,228 20,624,543 1,856,991 11,363,628 115,744 211,003 13,612,299 47,784,208 144,927,409 113,078,668 162,015,602 48,936,934 8,154,989 (201,117,148) (192,962,159) 54,050,489 (201,439,747) (147,389,258) 94,656,675 (168,270,894) (73,614,219) 40,606,186 33,168,853 73,775,039 (48,034,750) 48,034,750 (34,310,590) 48,034,750 88,401,383 164,951,389 796,585 254,149,357 122,711,973 116,916,639 796,585 240,425,197 $ $ 13,724,160 The notes to the budgetary comparison schedules are an integral part of this statement. 79 $ $ Maricopa County Required Supplementary Information Budgetary Comparison Schedule by Department General Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL GENERAL GOVERNMENT County Assessor Board of Supervisors Finance Management and Budget County Manager Elections Materials Management Facilities Management Internal Audit Human Resources Information Technology Recorder Treasurer Call Center General Government Total General Government $ 14,453,030 1,692,299 2,060,231 1,690,749 1,455,275 6,069,510 1,362,142 23,544,869 994,722 4,831,005 5,423,007 1,847,713 3,735,313 1,281,308 89,065,041 159,506,214 $ 14,494,507 1,655,299 2,019,061 1,570,749 1,424,020 6,069,510 1,383,197 23,457,824 987,222 4,784,758 5,268,513 1,847,713 3,697,960 1,301,396 79,701,870 149,663,599 VARIANCE WITH FINAL BUDGET POSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 14,494,130 1,469,019 1,859,183 1,545,124 1,253,247 5,937,614 1,383,197 23,241,559 967,483 4,416,912 5,157,517 1,777,221 3,505,564 1,262,477 47,085,929 115,356,176 $ 377 186,280 159,878 25,625 170,773 131,896 0 216,265 19,739 367,846 110,996 70,492 192,396 38,919 32,615,941 34,307,423 PUBLIC SAFETY Adult Probation Emergency Management Clerk of Superior Court County Attorney Justice Courts Constables Juvenile Courts Medical Examiner Indigent Representation Public Fiduciary Superior Court Sheriff Total Public Safety 12,134,273 86,179 19,968,254 41,383,644 15,494,859 1,541,266 10,956,082 3,693,196 39,476,011 1,808,600 41,784,929 36,831,132 225,158,425 12,094,117 86,179 20,327,115 42,277,719 15,766,611 1,531,166 10,917,573 3,752,627 42,353,001 1,809,435 41,760,041 37,811,831 230,487,415 12,092,574 59,183 20,147,061 41,508,570 15,686,727 1,535,009 10,599,540 3,540,973 42,352,974 1,809,434 41,651,613 37,680,581 228,664,239 HEALTH, WELFARE AND SANITATION Human Services Public Health Animal Control Environmental Services Health Care Mandates Medical Assistance Program Total Health, Welfare and Sanitation 1,307,854 5,807,998 304,041 763,915 204,159,840 11,474,510 223,818,158 1,307,854 5,882,181 304,041 783,013 243,716,779 3,152,488 255,146,356 1,307,799 5,799,124 304,041 783,013 232,493,171 3,134,721 243,821,869 55 83,057 0 0 11,223,608 17,767 11,324,487 CULTURE AND RECREATION Parks and Recreation 1,749,747 1,725,912 1,611,708 114,204 EDUCATION Superintendent of Schools 1,637,442 1,650,154 1,435,236 214,918 Total General Fund Expenditures $ 611,869,986 $ 638,673,436 The notes to the budgetary comparison schedules are an integral part of this statement. 80 $ 590,889,228 1,543 26,996 180,054 769,149 79,884 (3,843) 318,033 211,654 27 1 108,428 131,250 1,823,176 $ 47,784,208 Maricopa County Required Supplementary Information Budgetary Comparison Schedule Transportation Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Licenses and permits Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Highways and streets Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING USES Operating transfers out Total other financing uses Net change in fund balances Fund balance – beginning Decrease in reserve for inventory of supplies Fund balance – ending 720,000 128,458,766 34,000 1,007,834 130,220,600 $ 720,000 128,458,766 34,000 1,007,834 130,220,600 ACTUAL AMOUNTS $ 1,451,293 96,201,503 $ 3,919,394 101,572,190 731,293 (32,257,263) (34,000) 2,911,560 (28,648,410) 65,991,654 38,154,128 104,145,782 62,655,830 41,489,952 104,145,782 55,240,772 36,495,606 91,736,378 7,415,058 4,994,346 12,409,404 26,074,818 26,074,818 9,835,812 (16,239,006) (2,014,028) (2,014,028) (2,014,028) (2,014,028) 24,060,790 7,000,306 $ VARIANCE WITH FINAL BUDGET POSITIVE (NEGATIVE) 31,061,096 24,060,790 7,000,306 $ 31,061,096 The notes to the budgetary comparison schedules are an integral part of this statement. 81 (344,392) (344,392) $ 9,491,420 21,592,123 (29,822) 31,053,721 1,669,636 1,669,636 $ (14,569,370) 14,591,817 (29,822) (7,375) Maricopa County Required Supplementary Information Budgetary Comparison Schedule Flood Control Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Taxes Licenses and permits Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Operating transfers out Total other financing uses Net change in fund balances Fund balance – beginning Increase in reserve for inventory of supplies Fund balance – ending $ 45,476,283 1,500,027 21,548,000 10,910,897 79,435,207 $ 45,476,283 1,500,027 21,548,000 10,910,897 79,435,207 VARIANCE WITH FINAL BUDGET POSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 44,775,297 1,760,324 17,183,885 9,962,424 $ 73,681,930 (700,986) 260,297 (4,364,115) (948,473) (5,753,277) 32,376,487 46,512,284 78,888,771 32,097,887 46,284,084 78,381,971 30,284,353 35,889,488 66,173,841 1,813,534 10,394,596 12,208,130 546,436 1,053,236 7,508,089 6,454,853 (1,192,941) (1,192,941) (1,192,941) (1,192,941) (646,505) 12,794,939 (139,705) 12,794,939 12,148,434 $ 12,655,234 The notes to the budgetary comparison schedules are an integral part of this statement. 82 1,192,941 1,192,941 $ 7,508,089 11,413,501 1,400 18,922,990 $ 7,647,794 (1,381,438) 1,400 6,267,756 Maricopa County Required Supplementary Information Budgetary Comparison Schedule Jail Operations Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Operating transfers in Operating transfers out Total other financing sources (uses) Net change in fund balances Fund balance – beginning Increase in reserve for inventory of supplies Fund balance – ending $ 121,735,791 $ 121,735,791 ACTUAL AMOUNTS 100,000 121,835,791 100,000 121,835,791 115,527,725 16,170 5,350,778 120,894,673 124,021,099 17,850,750 141,871,849 125,925,897 17,006,830 142,932,727 120,655,352 3,999,815 124,655,167 $ (20,036,058) (21,096,936) (3,760,494) 101,186,962 (84,726,011) 16,460,951 102,908,502 (84,726,011) 18,182,491 101,186,962 (84,726,011) 16,460,951 (3,575,107) 9,757,372 (2,914,445) 9,757,372 6,182,265 $ The notes to the budgetary comparison schedules are an integral part of this statement. 83 6,842,927 VARIANCE WITH FINAL BUDGET POSITIVE (NEGATIVE) $ 12,700,457 14,456,478 69,701 27,226,636 $ (6,208,066) 16,170 5,250,778 (941,118) 5,270,545 13,007,015 18,277,560 17,336,442 (1,721,540) (1,721,540) $ 15,614,902 4,699,106 69,701 20,383,709 Maricopa County Required Supplementary Information Notes to Budgetary Comparison Schedules June 30, 2002 Note 1 Budgetary Basis of Accounting Budgeting and Budgetary Control Arizona Revised Statutes (A.R.S.) require the County to prepare and adopt a balanced budget annually for each separate fund. The Board of Supervisors must approve such operating budgets on or before the third Monday in July to allow sufficient time for the legal announcements and hearings required for the adoption of the property tax levy on the third Monday in August. A.R.S. prohibit expenditures or liabilities in excess of the amounts budgeted. Essentially, the County prepares its budget on the same modified accrual basis of accounting used to record actual revenues and expenditures. The County has adopted budgets in accordance with the A.R.S. requirements for the General Fund, Special Revenue Funds, Debt Service Funds, and Capital Projects Funds. In accordance with GASB Statement No. 34 budgetary comparison schedules should be presented in the required supplementary information for only the General Fund and for each major Special Revenue Fund. Formal budget integration is not employed for the Proprietary Funds because effective budgetary control is alternatively achieved through capability of cost recovery. Budgeted amounts are reported as originally adopted and as amended by authorization from the Board of Supervisors. All budget adjustments require authorization from the Board of Supervisors. Budgeted appropriations include expenditures and transfers out. Expenditures and transfers out may not legally exceed appropriations at the department level. With the exception of the General Fund, each fund includes only one department. The County budget is prepared on a basis consistent with generally accepted accounting principles, except capital lease expenditures were not budgeted in the General Fund. In addition, General Fund indirect cost recoveries and disproportionate share settlement payments were budgeted activities but these activities were eliminated on the Statement of Revenues, Expenditures, and Changes in Fund Balances. The following schedule reconciles the excess of revenues over expenditures from the Statement of Revenues, Expenditures, and Changes in Fund Balances to the budgetary comparison schedules. General Fund Excess of revenues over expenditures from the Statement of Revenues, Expenditures, and Changes in Fund Balances $ Disproportionate share payment - expenditures Indirect cost adjustment – expenditures Capital lease expenditures 206,195,128 (45,895,500) (8,154,989) 9,870,963 Excess of revenues over expenditures from the budgetary comparison schedules $ 162,015,602 Note 2 Expenditures in Excess of Appropriations For the year ended June 30, 2002, expenditures exceeded final budget amounts at the department level (the legal level of budgetary control) as follows: Fund/Department General Fund: Constables Excess $ 84 3,843 Maricopa County Required Supplementary Information Schedule of Agent Retirement Plans’ Funding Progress For the Fiscal Year Ended June 30, 2002 Public Safety Personnel Retirement System Actuarial Valuation Date (1) (2) (3) (4) (5) Actuarial Value of Plan Assets Actuarial Accrued Liability (AAL) Funding (Liability) Excess (1)-(2) Funded Ratio (1)/(2) Annual Covered Payroll (6) Unfunded Liability as a Percentage of Covered Payroll (3)/(5) 35,664,087 32,640,689 25,320,683 125.0% 124.7% 121.1% $ 29,550,564 $ 27,298,124 $ 24,017,617 N/A N/A N/A (6) Unfunded Liability as a Percentage of Covered Payroll (3)/(5) Sheriff 6/30/2001 6/30/2000 6/30/1999 Actuarial Valuation Date $178,057,321 $164,612,412 $145,193,704 $142,393,234 $131,971,723 $119,873,021 $ $ $ (1) (2) (3) (4) (5) Actuarial Value of Plan Assets Actuarial Accrued Liability (AAL) Funding (Liability) Excess (1)-(2) Funded Ratio (1)/(2) Annual Covered Payroll Investigators 6/30/2001 6/30/2000 6/30/1999 Actuarial Valuation Date $ $ $ 5,199,696 4,794,966 3,946,187 $ $ $ 4,085,567 4,160,358 3,703,175 $ $ $ 1,114,129 634,608 243,012 127.3% 115.3% 106.6% $ $ $ 680,240 814,382 694,447 (1) (2) (3) (4) (5) Actuarial Value of Plan Assets Actuarial Accrued Liability (AAL) Funding (Liability) Excess (1)-(2) Funded Ratio (1)/(2) Annual Covered Payroll N/A N/A N/A (6) Unfunded Liability as a Percentage of Covered Payroll (3)/(5) Park Rangers 6/30/2001 6/30/2000 6/30/1999 $ 422,297 N/A N/A $ 1,638,628 N/A N/A $ (1,216,331) N/A N/A 26% N/A N/A $ 798,803 N/A N/A (152%) N/A N/A Corrections Officer Retirement Plan (1) (2) (3) (4) (5) Actuarial Valuation Date Actuarial Value of Plan Assets Actuarial Accrued Liability (AAL) Funding (Liability) Excess (1)-(2) Funded Ratio (1)/(2) Annual Covered Payroll (6) Unfunded Liability as a Percentage of Covered Payroll (3)/(5) 6/30/2001 6/30/2000 6/30/1999 $ 104,240,051 $ 98,511,990 $ 84,036,931 137.5% 145.1% 135.1% $ 33,715,028 $ 32,867,396 $ 34,908,470 N/A N/A N/A $ $ $ 75,812,237 67,900,521 62,186,176 $ $ $ 28,427,814 30,611,469 21,850,755 85 Maricopa County Required Supplementary Information Modified Approach for Infrastructure Assets For the Fiscal Year Ended June 30, 2002 Condition Rating of Maricopa County Roadway System Percentage of Lane Miles in Very Good or Excellent Condition (71-100) FY 2002 95% Roadway System FY 2001 94% FY 2000 92% Percentage of Lane Miles in Substandard Condition < 55 FY 2002 2% Roadway System FY 2001 1% FY 2000 1% Comparison of Estimated to Actual Maintenance/Preservation FY 2002 $ 7,830,421 $ 8,325,362 Estimated Actual The condition of road pavement is measured using the MCDOT Road Management System (RMS), which is based on weighted averages of nine distress factors of the pavement surface. The RMS system uses a measurement scale to evaluate the Pavement Condition Rating (PCR) ranging from zero for a failed pavement to 100 for a pavement in perfect condition. The PCR index is used to classify roads in very good or excellent condition (71-100) good condition (55 -70), and substandard condition (less than 55). It is the County’s policy to maintain at least 90% of the roadways at a very good or excellent condition level. No more than 5% should be in a substandard condition. Pavement condition assessments are determined annually for all arterial roads and approximately one-half of the local roads are inspected annually. Condition Rating of Maricopa County Bridge System Percentage of Bridges with a Sufficiency Rating >= 70 FY 2002 97% Bridge System FY 2001 99% FY 2000 97% Percentage of Bridges with a Sufficiency Rating < 50 FY 2002 1% Bridge System FY 2001 1% FY 2000 2% Comparison of Estimated to Actual Maintenance/Preservation FY 2002 $ 200,000 $ 610,381 Estimated Actual The condition of the County’s bridges is determined using the MCDOT bridge inspection program that follows federal mandates and regulations. The bridge sufficiency rating, which is a weighted average of an assessment of the ability of individual components to meet necessary performance requirements, uses a numerical condition scale ranging from 0 to 100. It is the County’s policy that 90% of bridges will have a rating of >=70 and no more than 3% of bridges will have a rating of <50. All bridges are inspected every two years (approximately one-half of the bridges are inspected annually). The Comparison of Estimated to Actual Maintenance/Preservation cost for both the Roadway System and the Bridge System is available for only fiscal year 2002, therefore the five reporting periods of historical data are not shown. 86 Financial Section Other Supplementary Information Maricopa County Other Supplementary Information Budgetary Comparison Schedule General Obligation Fund – Debt Service Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Taxes Miscellaneous Total revenues $ EXPENDITURES Principal Interest Other Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES (USES) Operating transfers in Proceeds from bond issuance Premium on refunding bonds Payment to escrow agent Total other financing sources (uses) Net change in fund balances Fund balance – beginning Fund balance – ending $ 20,473,939 400,000 20,873,939 $ 20,473,939 400,000 20,873,939 18,855,000 3,305,035 18,855,000 3,305,035 22,160,035 22,160,035 (1,286,096) (1,286,096) 1,706,643 1,706,643 1,706,643 1,706,643 420,547 169,603 590,150 420,547 169,603 590,150 89 $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 20,250,715 536,705 20,787,420 $ 18,855,000 2,800,552 64,594 21,720,146 504,483 (64,594) 439,889 (932,726) 353,370 1,706,643 20,165,000 425,280 (20,590,280) 1,706,643 20,165,000 425,280 (20,590,280) 773,917 $ 773,917 (223,224) 136,705 (86,519) $ 353,370 (169,603) 183,767 Maricopa County Other Supplementary Information Budgetary Comparison Schedule Lease Revenue Fund – Debt Service Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Principal Interest Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES Operating transfers in Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending $ 5,107,546 5,107,546 $ 5,107,546 5,107,546 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 5,363,800 5,363,800 $ 256,254 256,254 12,796,244 9,170,579 21,966,823 12,796,244 9,170,579 21,966,823 12,796,244 5,717,538 18,513,782 3,453,041 3,453,041 (16,859,277) (16,859,277) (13,149,982) 3,709,295 81,740,523 81,740,523 81,740,523 81,740,523 64,881,246 124,270,197 189,151,443 64,881,246 124,270,197 189,151,443 90 $ (81,740,523) (81,740,523) $ (13,149,982) 123,383,762 110,233,780 $ (78,031,228) (886,435) (78,917,663) Maricopa County Other Supplementary Information Budgetary Comparison Schedule Jail Construction Fund – Capital Projects Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Taxes Miscellaneous Total revenues $ EXPENDITURES Capital outlay Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES Operating transfers in Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ $ 232,997,678 232,997,678 232,968,543 232,968,543 154,960,736 154,960,736 78,007,807 78,007,807 (232,997,678) (232,968,543) (154,960,736) 78,007,807 84,726,011 84,726,011 84,726,011 84,726,011 84,726,011 84,726,011 (148,271,667) 148,271,667 (148,242,532) 148,271,667 29,135 (70,234,725) 153,426,528 83,191,803 $ $ 91 $ $ 78,007,807 5,154,861 83,162,668 Maricopa County Other Supplementary Information Budgetary Comparison Schedule County Improvement Fund - Capital Projects Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Capital outlay Total expenditures Deficiency of revenues under expenditures 2,325,487 2,325,487 $ ACTUAL AMOUNTS $ 2,540,022 2,540,022 $ 65,103,562 65,103,562 25,651,703 25,651,703 39,451,859 39,451,859 (63,678,075) (62,778,075) (23,111,681) 39,666,394 2,100,000 2,100,000 $ 214,535 214,535 66,003,562 66,003,562 OTHER FINANCING SOURCES Operating transfers in Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending 2,325,487 2,325,487 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) (63,678,075) 93,397,011 29,718,936 92 $ (60,678,075) 93,397,011 32,718,936 (2,100,000) (2,100,000) $ (23,111,681) 78,417,432 55,305,751 $ 37,566,394 (14,979,579) 22,586,815 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL ACTUAL AMOUNTS VARIANCE WITH FINAL BUDGET GENERAL GOVERNMENT CIP Program Reserve Clerk of Court Service Center Environmental Services New or Expanded Facility Facilities Management Building Medical Examiner Facility (Forensic Sciences Ctr) New Public Services Building New Public Services Building Parking Public Health Facility Security Building (ADA Improvements) Southeast Regional Property Acquisitions Total General Government $ $ 6,245,162 0 3,400,000 0 9,548,200 26,037,000 10,503,200 3,500,000 170,000 10,000,000 69,403,562 $ 48,747,756 10,000,000 1,015,578 2,429,485 2,031,156 37,801,678 8,173,336 122,884,967 7,413,721 2,500,000 242,997,677 $ 0 1,146,000 1,377,000 120,000 1,089,000 661,000 110,000 0 1,516,000 1,784,784 1,718,000 2,343,000 8,315,000 3,376,000 0 0 296,000 1,051,000 2,154,000 11,613,000 238,000 157,000 8,486,000 1,330,508 $ $ 5,021,162 0 3,400,000 224,000 14,548,200 26,037,000 6,503,200 3,500,000 170,000 10,000,000 69,403,562 $ 48,747,756 10,000,000 1,015,578 2,429,485 2,031,156 37,801,678 8,173,336 122,884,967 7,413,721 2,500,000 242,997,677 $ 50,000 1,146,000 1,012,000 120,000 2,097,000 661,000 110,000 709,000 1,886,000 0 2,057,000 343,000 7,473,000 7,901,000 16,000 462,000 633,000 1,051,000 4,620,000 4,532,000 318,000 398,000 10,890,000 693,292 $ $ 0 (5,188) 0 213,916 13,429,400 5,309,178 6,258,878 67,143 2,295 11,000 25,286,622 $ $ 5,021,162 5,188 3,400,000 10,084 1,118,800 20,727,822 244,322 3,432,857 167,705 9,989,000 44,116,940 CRIMINAL JUSTICE FACILITIES 4th Avenue Jail Detention Fund Project Contingency Facility Replacement/Relocations FMD Maintenance Facility Jackson Street Garage Juvenile Durango Juvenile Mesa Lower Buckeye Jail MCSO Training Facility Southeast Courtroom Buildout Total Criminal Justice Facilities $ $ $ $ 33,023,210 0 571,303 103,498 1,583,693 23,523,468 5,533,863 90,394,212 88,873 138,609 154,960,729 $ 89,659 826,164 758,506 984 1,937,381 509,127 0 747,919 1,185,988 0 2,012,447 208,813 4,489,608 6,613,961 9,367 360,925 623,508 972,585 4,724,742 3,750,154 313,202 441,617 8,725,597 0 $ $ 15,724,546 10,000,000 444,275 2,325,987 447,463 14,278,210 2,639,473 32,490,755 7,324,848 2,361,391 88,036,948 PUBLIC SAFETY ACDC ADMP Doubletree Ranch Adobe Dam ADMP Aguila Mitigation Alma School Drain Bethany Home Outfall Buckeye / Sun Valley ADMP CIP CARs City of Scottsdale Dam Assessment Debt Operations Fund on Hold Downtown Chandler Drainage Durango ADMP East Mesa ADMP EMF Mitigation Fountain Hills ADMP Gilbert / Chandler ADMP Glendale / Peoria ADMP Greenway / Parkway Channel Higley ADMP Laveen ADMP North Peoria ADMP Ortho Aerial Photography Phoenix Rio Salado Project Reserve $ 93 (39,659) 319,836 253,494 119,016 159,619 151,873 110,000 (38,919) 700,012 0 44,553 134,187 2,983,392 1,287,039 6,633 101,075 9,492 78,415 (104,742) 781,846 4,798 (43,617) 2,164,403 693,292 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) For the Fiscal Year Ended June 30, 2002 PV, Scottsdale, Phoenix – PVSP Queen Creek Channelization Salt River Channel Scatter Wash Channel SE Phoenix Regional Basin Skunk Creek Skunk Creek / New River Sossaman Channel Spook Hill ADMP Sunnycove Outfall R/W Acq Town of Carefree Town of Guadalupe White Tanks ADMP Wittman ADMP Update Total Public Safety $ BUDGETED AMOUNTS ORIGINAL FINAL 172,000 172,000 1,033,000 700,000 301,000 301,000 0 150,000 62,000 259,000 0 40,000 507,000 507,000 92,000 92,000 463,000 488,000 0 100,000 285,000 285,000 1,706,000 2,330,000 3,679,000 2,579,000 765,000 765,000 57,946,292 $ 57,946,292 $ ACTUAL AMOUNTS 252 60,975 2,152 148,149 267,758 45,578 357,825 69,290 489,849 100,072 277,264 1,734,236 2,481,631 595,982 45,933,267 VARIANCE WITH FINAL BUDGET 171,748 639,025 298,848 1,851 (8,758) (5,578) 149,175 22,710 (1,849) (72) 7,736 595,764 97,369 169,018 $ 12,013,025 HIGHWAYS AND STREETS 107th Ave Rose Garden to Jomax 115th Ave: MC 85 to McDowell 116th Ave Bridge at Gila River 27th Ave: Twin Peaks to New River 51st Ave Bridge at Salt River 51st Ave: GRIC Bdry to Baseline 51st Ave: Broadway to Baseline 75th Ave: MC 85 to Van Buren 83rd Ave: Northern to Olive 87th Ave Channel: Deer Valley Dr to Williams Rd 99th Ave: McDowell to Glendale Alma School Rd, North Bridge Grade Control Structure Alma School Rd, McLellan to McKellips AzTech Smart Corridors Bartlett Lake Rd: Cave Creek to Horseshoe Baseline Rd: 7th Ave to 43rd Ave Bell Rd at RH Johnson Bell Rd Traffic Mgmt Study Bike Project McDowell Mountain Rd Camelback Rd: Litchfield to El Mirage Castle Hot Springs Rd (East) Cave Creek Lone Mtn to Carefree Hwy CDBG (CDAC) Assistance Program Chandler Blvd: West of Gilbert Rd Chandler Hts at Sanoki Wash Deer Valley Rd Bridge @ New River Dysart Rd at T-Bird El Mirage: Beardsley to Loop 303 El Mirage: Bell to Beardsley Ellsworth: Germann to Baseline Ellsworth: University to McLellan Estrella Interim Loop 303 (II) Estrella Pkwy: Yuma to McDowell Estrella Rdwy and Grade Separation GDACS: Geodentic Densification & Cadastral Surveys Geotechnical Services Annual On Call Contracts Gilbert Rd: McDowell to Thomas Gilbert Rd: Pecos to Williams Field Gilbert Rd: Williams Field to Ray (IGA w/ Gilbert) $ 36,000 0 0 193,000 0 0 0 35,000 0 0 0 1,000 5,000 0 35,000 10,307,000 0 0 0 0 0 0 300,000 0 0 856,000 0 0 0 1,700,283 66,000 4,084,000 0 7,807,114 647,000 0 947,000 0 13,000 94 $ 606,000 47,918 0 193,000 130,000 190,000 100,000 85,000 75,000 0 560,000 111,000 380,000 110,000 125,000 10,907,000 20,000 0 0 160,000 10,000 430,000 300,000 615,000 0 1,706,000 75,000 200,000 120,000 1,700,283 306,000 1,529,000 1,063,000 6,607,114 947,000 10,000 797,000 20,000 178,000 $ 596,074 72,054 3,139 60,781 28,749 155,647 29,568 39,551 77,747 4,539 305,861 12,702 38,937 121,986 154,702 11,850,746 0 1,482 26,533 162,598 6,461 432,173 300,000 622,586 3,084 1,477,309 41,785 257,577 132,333 1,557,427 62,363 1,664,877 909,573 7,205,967 911,427 1,526 702,497 21,908 175,298 $ 9,926 (24,136) (3,139) 132,219 101,251 34,353 70,432 45,449 (2,747) (4,539) 254,139 98,298 341,063 (11,986) (29,702) (943,746) 20,000 (1,482) (26,533) (2,598) 3,539 (2,173) 0 (7,586) (3,084) 228,691 33,215 (57,577) (12,333) 142,856 243,637 (135,877) 153,427 (598,853) 35,573 8,474 94,503 (1,908) 2,702 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) For the Fiscal Year Ended June 30, 2002 Grand Ave at Center St IGA w/ ADOT Guadalupe Rd: Hawes to Meridian Higley Rd Olney to Guadalupe Indian School @ Agua Fria / Scour Indian Springs Rd; Estrella to 123 Lake Pleasnt Rd: Williams Rd to SR74 Loop 303: Intersection Improvements Loop 303: Indian school to Clearview Loop 303: Mc Hwy to Indian School Loop 303: Mcowell to ¾ mi N of Thomas M85 @ Agua Fria / Bridge Scour MC 85 at Estrella Parkway MC 85: Cotton Lane to Estrella Pkwy MC85: 107th Ave to 91st Ave MC85: 91st Ave to 75th Ave MC85: Estrella Pkwwy to Litchfield McDowell Rd: Pima Fwy to Alma School McKellips Rd Bridge @ Salt River McQueen Rd: Queen Creek to Pecos Meridian Rd: Southern to University New River Road Bridge At New River Northern Ave 95th Ave to 71st Ave Ocotilla: EOM to Palo Verde Ocotillo Rd: Basha to Arizona Ave Old US 80 @ Hassayampa / Scour Operations Funds (OMB set aside) PM10 Program Reimbursements PM10 Roads (Ph 2) in NE Area (grp 1) PM10 Roads (Ph 2) in NE Area (grp 2) PM10 Roads (Ph 2) in NE Area (grp 3) PM10 Roads (Ph 2) in NW Area (grp 1) PM10 Roads (Ph 2) in NW Area (grp 2) PM10 Roads (Ph 2) in NW Area (grp 2) PM10 Roads (Ph 2) in SE Area PM10 Roads (Ph 2) in SW Area PM10 Roads (Ph 3) in NE Area PM10 Roads (Ph 3) in NE Area PM10 Roads (Ph 3) in SE Area PM10 Roads (Ph 3) in SW Area PM10 Roads in SE Mesa # 1AA PM10 Roads in SE Mesa #1AB PM10 Roads in SE Valley PM10 Roads in West Valley Power Rd Bridge @ Queen Creek Wash Power Rd: Guadalupe to Baseline Preliminary Engineering Contracts (CARs, PARs, DCRs) Previous Years Projects; backcharges includes consultant fees, utility relocations, R/W, Construction Project Reserves Account Property Management on Prior Years CIP Projects Queen Creek Rd Culvert at Eastern Canal Queen Creek Rd: Arizona Ave to McQueen R.O.W. Delineation Services, Consultant On Call Contracts R.O.W. In Fill on Road Inventory System Real Estate Appraisal Services; Annual On Call Contracts Riggs Rd: I-10 to Price Signal Modernization Southern Ave at 27th Ave BUDGETED AMOUNTS ORIGINAL FINAL 0 123,934 0 0 0 1,017,660 241,700 41,700 0 0 150,000 0 1,380,000 1,380,000 1,977,000 1,677,000 0 0 1,219,000 919,000 5,000 25,000 0 240,000 0 100,000 70,000 70,000 70,000 70,000 0 214,561 65,000 65,000 0 30,000 245,000 307,000 0 50,000 0 10,000 1,539,320 2,149,320 48,000 106,000 100,000 100,000 5,000 93,500 1,165,323 1,165,323 0 170,000 925,000 175,000 1,060,000 360,000 1,724,967 444,967 1,320,493 320,493 1,741,677 291,677 0 0 804,000 354,000 1,145,000 345,000 222,677 322,677 162,865 327,865 195,000 435,000 100,000 370,000 215,000 540,000 106,000 356,000 211,228 511,228 246,000 406,000 1,155,000 830,000 0 20,000 300,000 150,000 350,000 2,715,000 50,000 49,000 0 50,000 443,000 0 0 750,000 0 95 129,082 46,609 50,000 49,000 20,000 50,000 2,843,000 10,000 20,000 750,000 20,000 ACTUAL AMOUNTS 123,934 92 1,017,660 8,330 201 0 630,853 1,255,717 197,799 1,127,032 104,761 233,571 133,360 0 0 11,510 (235,956) 23,657 51,609 49,065 8,923 1,804,198 111,741 1,622 98,251 0 138,846 172,567 198,087 171,083 139,548 198,989 2,735 277,315 225,600 218,442 194,807 279,475 264,950 1,255,290 50,114 93,235 375,959 318,104 15,506 86,806 VARIANCE WITH FINAL BUDGET 0 (92) 0 33,370 (201) 0 749,147 421,283 (197,799) (208,032) (79,761) 6,429 (33,360) 70,000 70,000 203,051 300,956 6,343 255,391 935 1,077 345,122 (5,741) 98,378 (4,751) 1,165,323 31,154 2,433 161,913 273,884 180,945 92,688 (2,735) 76,685 119,400 104,235 133,058 155,525 105,050 (715,290) 305,886 417,993 30,041 511,896 4,494 63,194 (35,542) 0 0 39,585 6,967 0 2,961,966 0 22,463 215,636 19,138 164,624 46,609 50,000 9,415 13,033 50,000 (118,966) 10,000 (2,463) 534,364 862 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) For the Fiscal Year Ended June 30, 2002 SRP Agreement for Road Repairs TAB Opportunities Thomas Rd 99th Ave to 91st Ave Unallocated Force Account Upgrade Traffic Signals, 4 loc's; 2 @ Ellsworth 2 @ Olive Val Vista Dr: Riggs to ½ mi south Val Vista Dr: IGA with Mesa (New) Williams Field @ Higley Williams Field Rd: Gilbert to Lindsay Total Highways and Streets $ BUDGETED AMOUNTS ORIGINAL FINAL 0 1,355,000 1,000,000 550,000 0 1,948,000 3,513,000 163,000 0 450,000 85,000 85,000 0 150,736 0 110,000 65,000 120,000 56,017,647 $ 56,017,647 $ ACTUAL AMOUNTS 1,040,775 0 1,948,000 67,601 448,073 2,985 145,916 32,990 103,294 48,684,802 VARIANCE WITH FINAL BUDGET 314,225 550,000 0 95,399 1,927 82,015 4,820 77,010 16,706 $ 7,332,845 MARICOPA INTEGRATED HEALTH SYSTEM Comprehensive Health Care Clinic 3rd/4th Floor Buildouts Maricopa Medical Center First Floor Reconfigure Environmental Improvements Warehouse Buildout Glendale Dialysis Electrical Project Asbestos Abatement Design Fees for ER and New Tower South Central Renovation Security Control and Access FHC Improvements Total Maricopa Integrated Health System $ $ 11,330,000 0 1,000,000 900,000 200,000 850,000 1,000,000 750,000 650,000 350,000 475,000 17,505,000 96 $ $ 11,330,000 0 1,000,000 900,000 200,000 850,000 1,000,000 750,000 650,000 350,000 475,000 17,505,000 $ $ 11,588,068 17,628 327,374 813,517 492,408 991,187 292,094 0 5,127 326,854 101,549 14,955,806 $ $ (258,068) (17,628) 672,626 86,483 (292,408) (141,187) 707,906 750,000 644,873 23,146 373,451 2,549,194 Financial Section Combining and Individual Fund Statements and Schedules Nonmajor Governmental Funds Maricopa County Listing of Nonmajor Governmental Funds Special Revenue Funds Accomodation Schools — Accounts for the maintenance and operations of the accommodation schools. Adult Probation Grants — Revenues consist of grant funds that are used for domestic violence, women’s treatment programs, gang prevention and criminal justice records improvement. Adult Probation Services — Collects the fees assessed to persons placed on probation in the Superior Court per A.R.S. §13-901. Monies collected are used to supplement County General Fund appropriations for the compensation costs of probation officers who provide pre-sentence investigations (A.R.S. §12-267). Animal Control — Animal Control reduces the incidences of animal inflicted injuries and reduces the risk of exposure to rabies through enforcement of dog licensing laws, leash laws, capture and impoundment of stray dogs, public education, adoption or humane disposal of excess animals. Licenses and fees are the primary funding source. Animal Control Donations — Contributions accounts for activities that are financed through donations by citizens or groups. Bank One Ballpark Operations — Accounts for all revenues and expenditures related to Bank One Ballpark. CDBG Housing Trust — Accounts for the grant funds that are utilized to expand the supply of low income housing through the rehabilitation and reconstruction of single family occupancy homes. Child Support Automation — Accounts for funds that are utilized to improve, maintain and enhance computer hardware, software and automation systems for the collection of court ordered child support. Operations are funded from revenues which consist of 50% of the monies received by the Clerk’s office for child support handling fees, pursuant to A.R.S. §25-413 and A.R.S. §12-284. Child Support Enhancement — Accounts for funds received from a federal incentive award that is utilized for the enhancement of child support collections through efficient operation of the IV-D program. Children’s Issues Education — Accounts for the funds that are utilized for educational programs regarding the impact that divorce, the restructuring of families and judicial involvement have on children pursuant to A.R.S. §25354. Revenues that are received from the Clerk’s educational program fees supplement any state or county appropriations. Clerk of Court EDMS — The Clerk of Court EDMS Fund was established to account for Electronic Document Management System (EDMS) Fees which are collected as authorized by Board Agenda C16020028, ADM1005 and State Attorney General’s Opinion 195-18 (R94-63). Clerk of Court Grants — Accounts for the grant funds that are utilized for the improvement of court automation systems, child support enforcement and the processing of criminal history dispositions. Conciliation Court Special — Accounts for monies collected under A.R.S. §25-311.01 related to the dissolution of marriages. The funds collected are used by the Domestic Violence Shelter fund and the Child Abuse Prevention and Treatment fund. Correctional Health Grants — The Arizona Department of Health Services was awarded a grant by the Department for Health and Human Services, Centers for Disease Control and Prevention, to generate surveillance data for the Center for Disease Control and supplement the syphilis screening activities at the Madison Street Jail. County Attorney Grants — Accounts for funds that are utilized for the investigation and prosecution of child abuse and domestic violence cases and the enhancement of anti-gang enforcement efforts to deter, investigate, prosecute or adjudicate gang offenders. Victim assistance is provided to include transportation, payment of emergency expenses, education programs and training to children’s advocates. 99 Maricopa County Listing of Nonmajor Governmental Funds (Continued) County Attorney Special — Pursuant to A.R.S. §13-1811, funds are utilized for the investigation, prosecution and deferred prosecution of bad check cases. Court Automation — Accounts for the collection and expenditure of a $10 fee collected by Clerk of the Court staff upon a filing of the original complaint and answer in all civil, domestic relations, probate and tax cases pursuant to A.R.S. §11-251.08. The funds are utilized to offset the various expenses incurred in the development, enhancement and on-going operation of the Court’s automated information systems. Document Retrieval — Accounts for the collection of an additional filing or appearance fee, not to exceed five dollars, to be used to defray the cost of converting the Clerk of Superior Court’s document storage and retrieval system to micrographics or computer automation as established by A.R.S. §12-284.01. Domestic Relations Education — Accounts for the funds that are utilized to establish, maintain and enhance programs designed to educate individuals regarding the impacts on children associated with marriage dissolution, legal separation, restructuring of families and the programs available for mediation of visitation or custody disputes, pursuant to A.R.S. §25-413. Operations are funded by revenues from a surcharge received by the Clerk for each filing of a post-adjudication petition in a domestic relation’s case, pursuant to A.R.S. §12-284. Economic Development — Established by the Board of Supervisors to segregate this activity from the General Fund. This fund accounts for a fixed $65,000 fee from Waste Management Corporation plus a percentage based on the tonnage’s of refuse dumped. Expenditures are used for economic development in Mobile and other unincorporated areas of the County. Emergency Management — Emergency Management activity consists of disaster planning and training. Environmental Services — Air Pollution works to protect the environment and public health through control, preservation, and improvement of the County’s air quality. Permit revenue is the funding source. Expedited Child Support — Accounts for the funds that are utilized to establish, maintain and enhance programs designed to expedite the processing of petitions filed and enforce the resultant court orders. Revenues collected for subsequent case filing fees for post-decree petitions in dissolution cases, pursuant to A.R.S. §25-412 and A.R.S. §12-284, fund operations. Housing Department — Provides a decent and safe living environment to families who cannot afford market rate rents, and promotes programs leading to economic development and self-sufficiency. Human Services Grants — Accounts for the grant funds that are utilized for community action services designed to help the disadvantaged achieve self-sufficiency and family stability. Justice Court Enhancement — Established for the purpose of defraying expenses of justice court services by providing improvements in court technology, operations and facilities to enable the courts to respond quickly to changing statutory and case processing needs. Operations are funded by an $18 user’s charge to be added to the Defensive Driving School Diversion Fee as of March 1, 1998. Justice Court Grants — Accounts for funds that are utilized to reduce the backlog of existing criminal cases, juvenile crime reduction and to initiate a pilot video conference/personal computer project for 3 courts. Justice Court Judicial Enhancement — Revenues consist of fees and surcharges collected under the authority of A.R.S. §22-281; and time payment fees collected under authority of A.R.S. §12-116; and On-line access subscription fees collected under authority of A.R.S. §22-284. Expenditures are used to improve, maintain and enhance the ability to collect and manage monies assessed or received by the courts and to improve court automation projects. Juvenile Court Grants — Accounts for the grant funds that are utilized for the child nutrition program, family counseling and safe schools program. Juvenile Probation — This fund was established by A.R.S. §12-268 to account for juvenile probation fees collected and used for the purpose of supplementing County General Fund appropriations for the compensation of personnel of the Juvenile Court. 100 Maricopa County Listing of Nonmajor Governmental Funds (Continued) Juvenile Restitution — Pursuant to A.R.S. §8-346, the fund was established for the payment of restitution in juvenile delinquency proceedings. This fund consists of state and local appropriations, gifts, devices and donations from any public or private source. Law Library — Established by A.R.S. §12-305 to account for a portion of the fees collected by the Clerk of Superior Court to be used for the purchase of books for the county law library. Library — Provides and maintains library services for the residents of Maricopa County. Operations are funded by a secondary tax levy. Old Courthouse — Accounts for the funds that are utilized for the restoration and preservation of the Old Maricopa County Courthouse. Donations and contributions fund operations. Palo Verde — Palo Verde receives an annual allocation of approximately $200,000 from the State of Arizona. Expenditures are utilized for nuclear disaster training. Parks & Recreation Grants — Accounts for the grant funds that are utilized for state lake improvements, park restoration and the construction and maintenance of hiking trails. Parks Donations — Contributions accounts for activities that are financed through donations by citizens or groups. Parks Enhancement — Accounts for park and recreation revenues and expenditures associated with enhancing parks and recreation programs pursuant to A.R.S. §11-941. Parks Lake Pleasant — Provides the public with positive leisure opportunities in a safe, accessible and efficient manner through quality development and programming while conserving and protecting unique and environmentally sensitive areas. Parks Souvenir — Accounts for sales proceeds of sundry items at the Maricopa County Parks. Parks Spur Cross Ranch — To account for the money collected from a Town imposed ½% transaction privilege tax for the operation of the County park. The Town was to commence collection of the tax by December 1, 2000. Planning and Development — Performs mandated community planning functions. Funding is provided mainly through license and impact fees. Planning Grants — Accounts for grant funds that are utilized for urban planning. Probate Programs — Administers the monies received by the Clerk of Court pursuant to A.R.S. §14-5314 and A.R.S. §14-5414 to preserve, audit, and safeguard the estates and wards for whom the court has a fiduciary responsibility. Public Defender Grants — Accounts for grant funds that are utilized for public defender training and to increase the processing of drug cases. Public Defender Training — Established by A.R.S. §12-117 to account for fees that are paid on a time payment basis as established by A.R.S. §12-116. Expenditures are utilized for Public Defender Training. Public Health — Protects, improves and preserves the physical, mental and social well being and the environment of the entire population of Maricopa County with a special responsibility to serve those most vulnerable. Federal and State grants fund operations. Public Health Pharmacy — Accounts for public health programs that are self-supported by Vital Health fees and pharmacy operations. Recorder’s Surcharge — Accounts for the collection of a special recording surcharge, not to exceed four dollars, to be used to defray the cost of converting the County Recorder’s document storage and retrieval system to micrographics or computer automation as established by A.R.S. §11-475.01. 101 Maricopa County Listing of Nonmajor Governmental Funds (Continued) Research and Reporting — Accounts for the activity of governmental research projects that are billed back to the municipalities contracting for these services on a cost reimbursement basis. RICO — Accounts for the funds provided by the sale of confiscated property. Operated by the County Attorney, RICO consists of all the activity of the Anti-Racketeering Program. Sheriff Aviation – Established on July 1, 1998, to track financial activity for law enforcement aviation services, which are provided to cities and towns under intergovernmental agreements. Sheriff Donations — Accounts for and segregates funds to be used in support of mandated functions. Funding is provided by non-specific donations and proceeds from the sale of donated items. Sheriff Grants — Accounts for grant funds that are utilized for patrolling lakes, improving the fingerprinting system, and enhancing DUI and overall traffic enforcement capabilities. Sheriff Inmate Health Services — Accounts for the copayments received from inmates for self initiated health service pursuant to A.R.S. §31-161 and A.R.S. §31-162. Sheriff Special Funding — Accounts for the funds that are held in trust for the benefit and welfare of the inmates, established under A.R.S. §31-121. The majority of revenues are derived from sales of food and sundries to the inmates. Small Schools Service Program — Accounts for the special education services provided to small schools as established by A.R.S. §15-365. Sports Authority — Provides the citizens of the County with a variety of great sporting experiences, by assisting in the promotion and acquisition of events, teams, and youth programs. Stadium District — Provides regional leadership and financial resources to assure the presence of Major League Baseball in Maricopa County. Operations are funded by a rental vehicle surcharge. Street Lighting — Provides street lighting in unincorporated areas of Maricopa County. Operations are funded by special assessment. Superior Court Grants — Grant funds are used for drug enforcement accounting, court appointed special advocates and case processing assistance. Superior Court Judicial Enhancement — Revenues consist of fees and surcharges collected under authority of A.R.S. §12-284.03 and time payment fees collected under authoriy of A.R.S. §12-116. In addition, revenues are received from the State Judical Enhancement Fund established by A.R.S. §12-113. Expenditures are used to improve, maintain and enhance the collection and management of funds and court automation projects. Superior Court Special — Accounts for monies received under an intergovernmental agreement with the Department of Economic Security to conduct Title IV-D child support enforcement enhancements. Taxpayers’ Information — This fund was established by A.R.S. §11-495 to collect public records copying surcharge. The funds are to be spent to upgrade an automated taxpayer information system. Unorganized Territory Transportation — Established by A.R.S. §15-1001 to account for transportation aid for the transportation of children from unorganized territory to school districts within the county. Victim Location — Revenues are derived from interest earned on restitution monies received in trust and are to be distributed to the County Attorney and Clerk of the Superior Court on a pro rata basis (County Attorney – 75% and Superior Court – 25%). Fund was established by A.R.S. §12-287. Waste Tire Program — Accounts for the activity for the operation of the waste tire processing center for the removal of waste tires from the County pursuant to A.R.S. §44-1305. 102 Maricopa County Listing of Nonmajor Governmental Funds (Continued) Debt Service Funds Special Assessment — To account for debt service on special assessment bonds. Funding is provided by special assessments made against the benefiting property owners. Stadium District — To account for debt service on Stadium District revenue bonds. Capital Projects Funds Bank One Ballpark Project Reserve — Accounts for sales tax (Stadium Tax) proceeds collected in excess of the $238,000,000 cap imposed by County Board Resolution. Bond Funds — Bond Funds account for capital projects financed by the issuance of special assessment bonds. Intergovernmental Capital Projects — Intergovernmental Capital Projects account for capital project spending predominantly funded from General Fund revenues. Major League Stadium — The Major League Stadium Fund accounts for the cost of construction on the Bank One Ballpark. The majority of costs were financed through a 1/4 of one cent Sales Tax that commenced on April 1, 1995 and concluded on December 1, 1997. 103 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds June 30, 2002 SPECIAL REVENUE FUNDS ADULT ADULT ACCOMMODATION PROBATION PROBATION ANIMAL CONTROL ANIMAL SCHOOLS GRANTS SERVICES CONTROL DONATIONS ASSETS Cash in bank and on hand $ $ $ $ 2,720 $ Cash and investments held by County Treasurer 2,740,914 3,350,436 13,768 17,713 1,465 553,568 Receivables: Taxes Accrued interest 3,194 Special assessments Due from other funds 566,050 Due from other governmental units 21,043 74,415 Inventories Miscellaneous Cash and investments held by trustee - restricted Total assets $ $ 3,320,732 $ $ $ 312,162 $ 3,368,149 $ 99,643 $ 14,649 $ 244,251 $ 556,762 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable 511,583 Employee compensation 123,081 78,651 3,888 Accrued liabilities 265,943 Due to other funds 288,001 Due to other governmental units 2,097 Interest payable Special assessment debt with governmental commitment 2,537,408 Deferred revenue 265,943 Total liabilities 3,361,153 137,730 616,888 Fund balances: 74,415 Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances (265,943) (40,421) 3,230,419 (591,660) 556,762 (265,943) (40,421) 3,230,419 (517,245) 556,762 $ $ The notes to the financial statements are an integral part of this statement. 104 3,320,732 $ 3,368,149 $ 99,643 $ 556,762 SPECIAL REVENUE FUNDS $ BANK ONE CDBG CHILD CHILD CHILDREN’S CLERK OF BALLPARK HOUSING SUPPORT SUPPORT ISSUES COURT COURT OPERATIONS TRUST AUTOMATION ENHANCEMENT EDUCATION EDMS GRANTS 63,990 $ $ 3,340,696 $ 33,050 $ 168,261 18,984 $ 55,737 1,138 CLERK OF $ 500,302 838,612 2,218 4,802 2,409 459,329 516,030 250,381 $ 3,676,460 $ 459,329 $ $ 3,875 $ 383,055 $ 2,458 33,050 $ 169,399 $ $ 16,255 $ 55,737 $ 502,520 $ 1,359,444 $ 91,688 $ 64,609 10,903 7,784 29,088 6,347 65,371 1,689,637 12,680 $ 459,329 16,255 99,472 1,783,334 3,663,780 33,050 153,144 55,737 403,048 (423,890) 3,663,780 33,050 153,144 55,737 403,048 (423,890) 3,676,460 $ 459,329 $ 33,050 $ 169,399 $ 55,737 $ 502,520 $ 1,359,444 (continued on next page) 105 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2002 SPECIAL REVENUE FUNDS CONCILIATION CORRECTIONAL COUNTY COUNTY COURT HEALTH ATTORNEY ATTORNEY COURT SPECIAL GRANTS GRANTS SPECIAL AUTOMATION ASSETS Cash in bank and on hand $ $ $ $ 300 $ Cash and investments held by County Treasurer 265,490 3,750,668 195,753 865 21,047 784 Receivables: Taxes Accrued interest Special assessments Due from other funds 41,675 Due from other governmental units 784,491 72,594 Inventories 92,210 Miscellaneous Cash and investments held by trustee - restricted Total assets $ 266,355 $ 428 $ 41,675 $ 876,701 $ 3,844,609 $ 196,537 $ 23,804 $ 150,975 $ 8,963 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable $ 27,225 Employee compensation 58,710 48,782 2,890 Accrued liabilities 13,022 Due to other funds 707,039 Due to other governmental units Interest payable Special assessment debt with governmental commitment Deferred revenue 27,653 Total liabilities 70,328 397,521 1,010,449 83,350 1,187,074 1,210,206 11,853 Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 238,702 (41,675) (310,373) 2,634,403 184,684 238,702 (41,675) (310,373) 2,634,403 184,684 266,355 $ The notes to the financial statements are an integral part of this statement. 106 41,675 $ 876,701 $ 3,844,609 $ 196,537 SPECIAL REVENUE FUNDS DOMESTIC ENVIRON- EXPEDITED DOCUMENT RELATIONS ECONOMIC EMERGENCY MENTAL CHILD HOUSING RETRIEVAL EDUCATION DEVELOPMENT MANAGEMENT SERVICES SUPPORT DEPARTMENT $ $ $ $ $ 800 $ $ 494,920 284,986 400,004 385,158 5,944,508 248,268 2,302 1,512 2,244 2,161 33,694 1,159 1,098,595 1,011,821 1,252,483 171,263 $ 497,222 $ $ 80,346 $ 15,296 286,498 $ 402,248 $ $ 387,319 $ $ 1,507 $ 2,278 8,883 7,077,597 $ 249,427 $ 2,435,567 83,256 $ 6,335 $ 723,020 219,007 6,984 336 $ 95,642 2,278 401,580 284,220 401,580 284,220 497,222 $ 286,498 $ 376,929 956,151 387,319 1,258,750 13,319 742,145 402,248 5,818,847 236,108 1,693,422 402,248 5,818,847 236,108 1,693,422 402,248 $ 387,319 $ 7,077,597 19,125 $ 249,427 $ 2,435,567 (continued on next page) 107 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2002 SPECIAL REVENUE FUNDS JUSTICE HUMAN JUSTICE JUSTICE COURT SERVICES COURT COURT JUDICIAL JUVENILE COURT GRANTS ENHANCEMENT GRANTS ENHANCEMENT GRANTS ASSETS Cash in bank and on hand $ 29,840 $ $ $ $ Cash and investments held by County Treasurer 590,123 356,051 1,093,202 1,535,348 2,690 2,284 5,838 9,123 Receivables: Taxes Accrued interest Special assessments Due from other funds 7,128,061 Due from other governmental units 7,916 849,425 Inventories Miscellaneous Cash and investments held by trustee - restricted Total assets $ 7,157,901 $ 592,813 $ $ 2,081,541 $ 701 $ 366,251 $ 1,099,040 $ 2,393,896 $ 227,878 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable 181,394 Employee compensation $ 3,425 1,814 208,740 365 Accrued liabilities 2,134,476 Due to other funds Due to other governmental units Interest payable Special assessment debt with governmental commitment Deferred revenue 5,005,847 Total liabilities 9,403,623 362,826 701 2,048,545 366,251 1,814 2,485,163 Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ (2,245,722) 592,112 1,097,226 (91,267) (2,245,722) 592,112 1,097,226 (91,267) 7,157,901 $ The notes to the financial statements are an integral part of this statement. 108 592,813 $ 366,251 $ 1,099,040 $ 2,393,896 SPECIAL REVENUE FUNDS OLD JUVENILE JUVENILE LAW PROBATION RESTITUTION LIBRARY $ $ 766,058 $ 13,749 LIBRARY $ 183,772 700 PALO RECREATION HOUSE VERDE GRANTS $ 7,540,754 PARKS & COURT- $ 8,458 $ 156,035 290,161 875 1,628 287,117 3,757 731 43,670 413,519 $ $ 769,815 $ 5,429 $ 13,749 10,647 $ 184,503 $ 8,285,760 $ $ 57,647 $ 983,213 $ 13,827 8,458 $ $ 106,374 156,910 $ 302,436 122 $ 3,754 2,461 172 336,011 19,256 $ 57,647 1,425,770 14,336 2,583 18,090 750,559 13,749 126,856 6,859,990 8,458 154,327 284,346 750,559 13,749 126,856 6,859,990 8,458 154,327 284,346 769,815 $ 13,749 $ 184,503 $ 8,285,760 $ 8,458 $ 156,910 $ 302,436 (continued on next page) 109 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2002 SPECIAL REVENUE FUNDS PARKS PARKS SPUR PARKS PARKS LAKE PARKS CROSS DONATIONS ENHANCEMENT PLEASANT SOUVENIR RANCH ASSETS Cash in bank and on hand $ $ $ 130 $ $ 80 Cash and investments held by County Treasurer 667,455 1,694,956 5,393,063 3,652 9,463 30,560 25,196 182,129 Receivables: Taxes Accrued interest 1,052 Special assessments Due from other funds Due from other governmental units Inventories Miscellaneous Cash and investments held by trustee - restricted Total assets $ 671,107 $ 1,704,419 $ 5,423,753 $ 25,196 $ 183,261 $ 1,798 $ 59,144 $ 868,194 $ 197 $ 113,908 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable 33,545 Employee compensation 9,253 2,831 106 Accrued liabilities Due to other funds Due to other governmental units Interest payable Special assessment debt with governmental commitment Deferred revenue Total liabilities 1,798 92,689 877,553 197 116,739 669,309 1,611,730 4,546,200 24,999 66,522 669,309 1,611,730 4,546,200 24,999 66,522 Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 671,107 $ The notes to the financial statements are an integral part of this statement. 110 1,704,419 $ 5,423,753 $ 25,196 $ 183,261 SPECIAL REVENUE FUNDS PLANNING PUBLIC PUBLIC DEVELOP- AND PLANNING PROBATE DEFENDER DEFENDER PUBLIC HEALTH MENT GRANTS PROGRAMS GRANTS TRAINING HEALTH PHARMACY $ $ $ $ $ PUBLIC $ 907 $ 8,955,998 325,883 160,590 562,128 1,367,404 51,091 1,594 754 4,987 6,556 312,377 6,005,156 1,520,076 $ 9,007,089 $ $ 177,938 $ 80,045 327,477 $ $ 2,271 161,344 $ 312,377 $ 584 $ 10,068 $ 6,065 578,303 1,544 85,261 57,707 $ 8,093,254 $ 1,506,634 $ 1,161,785 $ 80,492 221,202 91,465 836,286 $ 19,372 21,469 2,271 6,649 132,674 22,303 5,176,213 208,263 78,623 6,559,200 102,795 1,520,076 132,674 8,170,803 325,206 154,695 104,114 (78,623) 13,978 1,271,165 8,170,803 325,206 154,695 104,114 (78,623) 1,534,054 1,403,839 9,007,089 $ 327,477 $ 161,344 $ 312,377 $ $ 8,093,254 $ 1,506,634 (continued on next page) 111 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2002 SPECIAL REVENUE FUNDS RESEARCH RECORDER’S AND SURCHARGE REPORTING SHERIFF RICO DONATIONS ASSETS Cash in bank and on hand $ $ $ 10,142,824 $ Cash and investments held by 4,396,015 County Treasurer 142,493 14,156 Receivables: Taxes 24,030 Accrued interest Special assessments Due from other funds Due from other governmental units Inventories Miscellaneous Cash and investments held by trustee - restricted Total assets $ 4,420,045 $ $ 606,721 $ 142,493 $ 704 $ 10,142,824 $ 14,156 $ 511 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable 28,882 Employee compensation 4,372 1,178,061 Accrued liabilities 24 Due to other funds 8,964,763 Due to other governmental units Interest payable Special assessment debt with governmental commitment Deferred revenue Total liabilities 635,603 5,076 10,142,824 535 3,784,442 137,417 13,621 3,784,442 137,417 13,621 Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 4,420,045 $ The notes to the financial statements are an integral part of this statement. 112 142,493 $ 10,142,824 $ 14,156 SPECIAL REVENUE FUNDS SHERIFF SMALL INMATE $ SHERIFF SCHOOLS SHERIFF HEALTH SPECIAL SERVICE SPORTS STADIUM STREET GRANTS SERVICES FUNDING PROGRAM AUTHORITY DISTRICT LIGHTING 1,201,898 $ $ $ 17,375,249 111,711 921,934 95,835 627 8,370 $ 139,518 $ 451,109 $ 2,161,489 1,864,757 12,490 10,461 356 1,006,739 2,566 418,198 $ 19,679,721 $ 114,904 $ 1,348,502 $ $ 176,664 $ 16,166 $ 113,789 $ 34,728 21,538 217 22,499 451,109 $ 139,518 $ $ 12,339 $ 2,174,335 $ 1,875,218 $ 239,323 31 1,534,011 $ 1,745,620 16,166 157,826 17,934,101 98,738 1,190,676 17,934,101 98,738 1,190,676 19,679,721 $ 114,904 $ 1,348,502 $ 12,339 31 239,323 451,109 127,179 2,174,304 1,635,895 451,109 127,179 2,174,304 1,635,895 451,109 $ 139,518 $ 2,174,335 $ 1,875,218 (continued on next page) 113 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2002 SPECIAL REVENUE FUNDS SUPERIOR SUPERIOR COURT COURT JUDICIAL SUPERIOR COURT TAXPAYERS’ GRANTS ENHANCEMENT SPECIAL INFORMATION ASSETS Cash in bank and on hand $ $ $ $ Cash and investments held by County Treasurer 284,086 1,182,411 938,656 1,659 6,369 5,147 396,738 Receivables: Taxes Accrued interest Special assessments Due from other funds 13,690 Due from other governmental units Inventories Miscellaneous Cash and investments held by trustee - restricted Total assets $ 299,435 $ 1,188,780 $ 943,803 $ $ 57,848 $ 46,772 $ 119,499 $ 396,738 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable 48,446 Employee compensation 19,397 Accrued liabilities Due to other funds 20,000 Due to other governmental units Interest payable Special assessment debt with governmental commitment Deferred revenue 67,663 Total liabilities 173,957 46,772 158,896 125,478 1,142,008 784,907 396,738 125,478 1,142,008 784,907 396,738 Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 299,435 The notes to the financial statements are an integral part of this statement. 114 $ 1,188,780 $ 943,803 $ 396,738 SPECIAL REVENUE FUNDS DEBT SERVICE FUNDS UNORGANIZED TERRITORY WASTE TRANS- VICTIM TIRE PORTATION LOCATION PROGRAM $ $ 312,447 $ 92,329 TOTAL $ 3,255,854 12,595,528 SPECIAL STADIUM ASSESSMENT DISTRICT $ 89,322,743 TOTAL $ 268,046 $ 356 268,402 287,117 18,273 491,151 11,379 11,379 513,537 513,537 2,765 800,455 21,360,275 880,863 880,863 6,296,912 6,296,912 1,727,165 934,618 $ 312,447 $ $ 252,283 $ 92,329 $ 4,074,582 $ 126,721,362 $ $ 69,333 $ 9,774,895 $ 500 4,005 781,583 $ 7,189,510 $ 7,971,093 $ 118,402 $ 118,402 2,234,034 1,212,015 3,616,851 356 356 32,634 54,352 8,984,763 252,283 500 73,338 2,097 21,718 55,956 55,956 22,272,768 508,470 508,470 48,097,423 586,144 151,392 737,536 195,439 7,038,118 7,233,557 195,439 7,038,118 7,233,557 1,727,165 $ 60,164 91,829 4,001,244 76,896,774 60,164 91,829 4,001,244 78,623,939 312,447 $ 92,329 $ 4,074,582 $ 126,721,362 $ 781,583 $ 7,189,510 $ 7,971,093 (continued on next page) 115 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2002 CAPITAL PROJECTS FUNDS BANK ONE INTERGOV- BALLPARK ERNMENTAL MAJOR PROJECT BOND CAPITAL LEAGUE RESERVE FUNDS PROJECTS STADIUM TOTAL ASSETS Cash in bank and on hand $ $ $ $ $ Cash and investments held by County Treasurer 552,887 271,057 565,099 9,051 1,521 3,170 1,389,043 Receivables: Taxes Accrued interest 51 13,793 Special assessments Due from other funds 10,608 Due from other governmental units 10,608 Inventories Miscellaneous 5,548,544 Cash and investments held by trustee - restricted Total assets $ 6,121,090 230,868 230,868 41,665 5,590,209 $ 272,578 $ 568,269 $ 272,584 $ 7,234,521 $ 12,434 $ 101,425 $ 269,920 $ 383,779 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable $ Employee compensation 450 Accrued liabilities 450 Due to other funds 2,378 2,378 Due to other governmental units Interest payable Special assessment debt with governmental commitment Deferred revenue 12,884 101,425 272,298 386,607 6,121,090 259,694 466,844 286 6,847,914 6,121,090 259,694 466,844 286 6,847,914 Total liabilities Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 6,121,090 $ The notes to the financial statements are an integral part of this statement. 116 272,578 $ 568,269 $ 272,584 $ 7,234,521 TOTAL NONMAJOR GOVERNMENTAL FUNDS $ 12,595,528 90,980,188 287,117 516,323 513,537 2,765 22,251,746 1,727,165 1,165,486 11,887,121 $ 141,926,976 $ 10,277,076 2,234,034 1,212,465 3,619,585 8,984,763 56,449 55,956 22,781,238 49,221,566 1,727,165 7,233,557 83,744,688 92,705,410 $ 141,926,976 117 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds For the Fiscal Year Ended June 30, 2002 SPECIAL REVENUE FUNDS ADULT PROBATION GRANTS ACCOMODATION SCHOOLS REVENUES Taxes Licenses and permits Intergovernmental Charges for services Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: General government Public safety Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other Capital outlay Total expenditures $ ADULT PROBATION SERVICES $ $ 8,782,370 2,788,744 30,714,784 295,151 48,658 11,619,772 23,895 31,033,830 7,431,777 548,833 138,752 8,119,362 31,495,202 9,047,593 $ 3,532,450 1,895,140 1,537,478 7,544 677 6,973,289 244,926 244,926 6,683,423 16,000 42,258 6,725,681 16,000 247,608 228,926 13,643,559 13,643,559 Excess (deficiency) of revenues over expenditures 31,495,202 (2,023,787) Net change in fund balances Fund balances (deficit) at beginning of year, as restated 9,047,593 (461,372) OTHER FINANCING SOURCES (USES) Transfers in Transfers out Proceeds from bond issuance Premium on refunding bonds Payment to escrow agent Total other financing sources (uses) (928,231) (19,049) (5,813) (19,049) (5,813) (2,023,787) (480,421) 1,757,844 440,000 (928,231) 4,158,650 Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year ANIMAL CONTROL DONATIONS ANIMAL CONTROL 241,795 228,926 (811,926) 327,836 52,886 $ (265,943) $ (40,421) The notes to the financial statements are an integral part of this statement. 118 $ 3,230,419 $ (517,245) $ 556,762 SPECIAL REVENUE FUNDS BANK ONE BALLPARK OPERATIONS $ CDBG HOUSING TRUST $ CHILD SUPPORT AUTOMATION CHILD SUPPORT ENHANCEMENT $ $ 7,753,204 3,957,815 3,957,815 CHILDREN’S ISSUES EDUCATION $ CLERK OF COURT EDMS $ CLERK OF COURT GRANTS $ 12,959 1,974,857 41,197 541,421 1,275 42,472 6,209 547,630 43,009 2,017,866 3,400 144,582 2,449,756 2,449,756 7,753,204 2,752 2,752 9,952 22,911 7,760,204 58,935 131,818 7,760,204 58,935 131,818 3,400 144,582 (7,000) (56,183) (108,907) 39,072 403,048 (431,890) 1,217,037 (7,000) (56,183) (108,907) 39,072 403,048 (431,890) 2,446,743 7,000 89,233 262,051 16,665 2,093,539 6,000,000 8,093,539 (4,135,724) 6,000,000 (647,239) 5,352,761 $ 3,663,780 $ $ 33,050 $ 153,144 $ 55,737 8,000 $ 403,048 $ (423,890) (continued on next page) 119 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2002 SPECIAL REVENUE FUNDS CONCILIATION COURT SPECIAL REVENUES Taxes Licenses and permits Intergovernmental Charges for services Fines and forfeits Miscellaneous Total revenues $ CORRECTIONAL HEALTH GRANTS $ $ 35,270 33 1,392,091 11,679 1,403,770 EXPENDITURES Current: General government Public safety Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other Capital outlay Total expenditures COUNTY ATTORNEY GRANTS COUNTY ATTORNEY SPECIAL $ COURT AUTOMATION $ 4,565,093 2,124,477 10,206 4,575,299 1,050,346 223,378 3,398,201 2,964 679,380 4,944,117 3,765,995 617,540 14,555 4,958,672 171,819 3,937,814 7,303 624,843 676,416 378 35,681 1,585,734 77,356 1,585,734 Excess (deficiency) of revenues over expenditures 77,356 (181,964) (41,675) (383,373) (539,613) 54,537 (181,964) (41,675) (383,373) (539,613) 54,537 OTHER FINANCING SOURCES (USES) Transfers in Transfers out Proceeds from bond issuance Premium on refunding bonds Payment to escrow agent Total other financing sources (uses) Net change in fund balances Fund balances (deficit) at beginning of year, as restated 420,666 73,000 3,174,016 130,147 Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ 238,702 $ (41,675) The notes to the financial statements are an integral part of this statement. 120 $ (310,373) $ 2,634,403 $ 184,684 SPECIAL REVENUE FUNDS DOMESTIC RELATIONS EDUCATION DOCUMENT RETRIEVAL $ $ ECONOMIC DEVELOPMENT $ ENVIRONMENTAL SERVICES EMERGENCY MANAGEMENT $ $ 539,777 1,018,702 159,276 75,047 21,918 1,040,620 10,354 169,630 80,101 155,148 16,400 556,177 37,227 560,177 1,235,547 120,726 EXPEDITED CHILD SUPPORT $ HOUSING DEPARTMENT $ 11,685,574 2,549,700 475,212 630,339 1,140,804 16,481,629 366,334 12,429,209 1,219,658 9,718 376,052 208,726 13,857,593 16,261,302 449,424 14,338,681 123,514 120,595 186,404 1,421,951 $ 120,726 37,227 (381,331) 48,904 117,921 (4,000) (381,331) 48,904 117,921 (4,000) 782,911 235,316 284,327 4,000 401,580 $ 284,220 $ 402,248 201,258 16,462,560 560,177 $ 449,424 1,753,396 16,336,186 19,069 (73,372) (2,478,593) 19,069 (73,372) (2,478,593) 309,480 4,172,015 5,799,778 $ 5,818,847 $ 236,108 $ 1,693,422 (continued on next page) 121 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2002 HUMAN SERVICES GRANTS REVENUES Taxes Licenses and permits Intergovernmental Charges for services Fines and forfeits Miscellaneous Total revenues $ SPECIAL REVENUE FUNDS JUSTICE JUSTICE JUSTICE COURT COURT COURT JUDICIAL ENHANCEMENT GRANTS ENHANCEMENT $ $ 27,538,898 $ EXPENDITURES Current: General government Public safety Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other Capital outlay Total expenditures $ 130,515 553,865 22,315 27,561,213 JUVENILE COURT GRANTS 554,332 13,304,141 237,723 15,904 569,769 17,102 147,617 9,491 563,823 46,251 13,588,115 38,850 147,617 75,727 14,508,339 38,850 147,617 75,727 14,508,339 29,327,698 562,237 29,889,935 Excess (deficiency) of revenues over expenditures (2,328,722) 530,919 488,096 (920,224) OTHER FINANCING SOURCES (USES) Transfers in Transfers out Proceeds from bond issuance Premium on refunding bonds Payment to escrow agent Total other financing sources (uses) 1,863 1,863 (2,328,722) Net change in fund balances Fund balances (deficit) at beginning of year, as restated 83,000 530,919 488,096 (918,361) 61,193 609,130 827,094 Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ (2,245,722) $ 592,112 The notes to the financial statements are an integral part of this statement. 122 $ $ 1,097,226 $ (91,267) SPECIAL REVENUE FUNDS JUVENILE PROBATION JUVENILE RESTITUTION $ $ LAW LIBRARY $ OLD COURTHOUSE LIBRARY $ 9,690,800 $ PALO VERDE $ 157,132 903,595 27,493 931,088 11,566 11,566 752,987 2,877 51,383 807,247 967,306 2,766 1,023,142 256,605 374,638 10,479,175 2,422 2,422 PARKS & RECREATION GRANTS $ PARKS DONATIONS $ 189,799 145,948 6,023 195,822 2,581 148,529 130,581 130,581 8,948 18,647 4 166,555 10,021,834 967,306 2,766 (36,218) 8,800 1,023,142 (215,895) 8,389 10,030,223 4 166,555 5,235 14,183 18,647 448,952 2,418 29,267 134,346 111,934 150,000 469,755 150,000 469,755 284,346 581,689 (2,661) (2,661) (36,218) 8,800 (215,895) 786,777 4,949 342,751 $ 750,559 $ 13,749 $ 126,856 $ 446,291 2,418 29,267 6,413,699 6,040 125,060 6,859,990 $ 8,458 $ 154,327 87,620 $ 284,346 $ 669,309 (continued on next page) 123 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2002 SPECIAL REVENUE FUNDS PARKS LAKE PLEASANT PARKS ENHANCEMENT REVENUES Taxes Licenses and permits Intergovernmental Charges for services Fines and forfeits Miscellaneous Total revenues $ $ PARKS SPUR CROSS RANCH PARKS SOUVENIR $ $ PLANNING AND DEVELOPMENT $ 7,120,499 1,304,173 2,683 984,855 2,291,711 EXPENDITURES Current: General government Public safety Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other Capital outlay Total expenditures 401,952 15,795 1,239,354 150 338,209 1,577,713 44,929 44,929 2,422,958 9,290 319,366 9,872,113 8,750 426,497 6,621,505 Excess (deficiency) of revenues over expenditures 1,626,100 1,589,760 31,068 181,358 13,823 1,639,923 2,485,226 4,074,986 31,068 199,120 380,478 24,502 6,646,007 (2,497,273) 13,861 46,019 3,226,106 651,788 OTHER FINANCING SOURCES (USES) Transfers in Transfers out Proceeds from bond issuance Premium on refunding bonds Payment to escrow agent Total other financing sources (uses) 13,769 (335,177) (256,108) (13,769) (41,421) (321,408) (256,108) (13,769) (41,421) 330,380 Net change in fund balances Fund balances (deficit) at beginning of year, as restated (2,753,381) 1,281,350 7,299,581 92 46,019 3,184,685 24,907 20,503 4,986,118 Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ 1,611,730 $ 4,546,200 The notes to the financial statements are an integral part of this statement. 124 $ 24,999 $ 66,522 $ 8,170,803 SPECIAL REVENUE FUNDS PLANNING GRANTS $ PUBLIC DEFENDER GRANTS PROBATE PROGRAMS $ $ PUBLIC DEFENDER TRAINING $ PUBLIC HEALTH PHARMACY PUBLIC HEALTH $ $ RECORDER’S SURCHARGE $ 140,350 1,315,448 350,769 250,880 7,245 32,755,953 20,948 2,303,445 5,106,724 67,616 32,844,517 57,546 2,360,991 138,317 5,245,041 11,139 151,489 6,339 357,108 689 1,316,137 2,854 260,979 100,309 305,686 1,213,023 401,337 3,380,635 100,309 305,686 1,213,023 51,180 51,422 103,114 51,180 51,422 103,114 274,026 103,273 1,000 401,337 (140,358) 33,579,029 2,470,187 35,973 33,615,002 2,470,187 (770,485) (109,196) (592,575) 28,303 (32,617) (592,575) (4,314) (140,358) (1,363,060) (113,510) 61,735 1,401,639 325,206 $ 154,695 $ 104,114 $ (78,623) $ 1,534,054 1,587,961 1,587,961 1,546,070 1,495,475 $ 276,445 3,657,080 2,196,481 (28,721) $ 1,403,839 $ 3,784,442 (continued on next page) 125 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2002 SPECIAL REVENUE FUNDS RESEARCH AND REPORTING REVENUES Taxes Licenses and permits Intergovernmental Charges for services Fines and forfeits Miscellaneous Total revenues $ SHERIFF AVIATION RICO $ $ SHERIFF DONATIONS $ SHERIFF GRANTS $ 12,421,909 380,507 358,986 358,986 EXPENDITURES Current: General government Public safety Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other Capital outlay Total expenditures 380,507 13,636 13,636 570,634 12,992,543 374,139 374,139 Excess (deficiency) of revenues over expenditures 337,858 6,209 10,535 4,082,553 42,649 380,507 6,209 10,535 193,003 4,275,556 (6,209) 3,101 8,716,987 (15,153) OTHER FINANCING SOURCES (USES) Transfers in Transfers out Proceeds from bond issuance Premium on refunding bonds Payment to escrow agent Total other financing sources (uses) (1,050) (2,100,000) (1,050) (2,100,000) (16,203) Net change in fund balances Fund balances (deficit) at beginning of year, as restated 153,620 (6,209) 3,101 6,616,987 6,209 10,520 11,317,114 13,621 $ 17,934,101 Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ 137,417 $ $ The notes to the financial statements are an integral part of this statement. 126 $ SPECIAL REVENUE FUNDS SHERIFF INMATE HEALTH SERVICES $ SMALL SCHOOLS SERVICE PROGRAM SHERIFF SPECIAL FUNDING $ $ SPORTS AUTHORITY $ STADIUM DISTRICT $ 529,464 207,737 59,947 4,431 64,378 6,570,344 6,570,344 16,514 6,680,980 SUPERIOR COURT GRANTS STREET LIGHTING $ $ 3,136,460 24,203 761,404 477,092 477,092 4,019,026 3,505,969 153,887 4,172,913 88,534 3,594,503 20,289 3,156,749 3,306,375 2,995,994 444,083 47,059 444,083 47,059 3,306,375 46,277 3,042,271 33,009 4,125,854 288,128 114,478 288,128 114,478 1,347,767 11,000 809,669 17,937 6,698,917 16,514 47,864 809,669 (128,573) (48,265) (6,013,944) (6,013,944) 47,864 (128,573) 50,874 $ 98,738 1,319,249 $ 1,190,676 $ (48,265) 33,009 (1,888,090) 499,374 94,170 4,062,394 451,109 $ 127,179 $ 2,174,304 $ 1,635,895 $ 125,478 (continued on next page) 127 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2002 SPECIAL REVENUE FUNDS SUPERIOR COURT JUDICIAL ENHANCEMENT REVENUES Taxes Licenses and permits Intergovernmental Charges for services Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: General government Public safety Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other Capital outlay Total expenditures SUPERIOR COURT SPECIAL $ UNORGANIZED TERRITORY TRANSPORTATION TAXPAYERS’ INFORMATION $ $ 481,838 818,135 1,136,477 1,359,376 159,649 45,480 1,345,453 37,628 2,533,481 159,649 1,277,764 2,226,874 835,283 835,283 405,709 678,056 Excess (deficiency) of revenues over expenditures 14,013 1,291,777 73,372 2,300,246 53,676 405,709 678,056 233,235 (246,060) 157,227 53,676 233,235 (246,060) 157,227 1,088,332 551,672 642,798 OTHER FINANCING SOURCES (USES) Transfers in Transfers out Proceeds from bond issuance Premium on refunding bonds Payment to escrow agent Total other financing sources (uses) Net change in fund balances Fund balances (deficit) at beginning of year, as restated (97,063) Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ 1,142,008 $ The notes to the financial statements are an integral part of this statement. 128 784,907 $ 396,738 $ 60,164 SPECIAL REVENUE FUNDS WASTE TIRE PROGRAM VICTIM LOCATION $ $ SPECIAL ASSESSMENT TOTAL $ 3,525,885 24,096 24,096 DEBT SERVICE 211,182 3,737,067 9,690,800 22,478,873 170,799,539 43,922,289 2,889,174 18,348,610 268,129,285 $ STADIUM DISTRICT $ TOTAL $ 320,841 1,388,638 1,709,479 320,841 13,112 1,401,750 13,112 1,722,591 4,160,487 102,415,889 113,623,704 16,062,396 15,131,284 15,201 2,348,921 6,123,514 120,595 223,211 39,635 1,620,168 1,593,307 1,114,508 1,843,379 1,632,942 1,114,508 15,201 2,348,921 6,375,194 264,013,063 262,846 4,327,983 4,590,829 8,895 1,388,146 4,116,222 57,995 (2,926,233) (2,868,238) 6,013,944 6,013,944 58,225,000 3,115,977 (57,390,570) 9,964,351 58,225,000 3,115,977 (57,390,570) 9,964,351 7,038,118 7,096,113 6,663,690 (10,061,423) (3,397,733) 8,895 1,388,146 718,489 57,995 82,934 2,613,098 76,385,810 137,444 137,444 1,519,640 $ 91,829 $ 4,001,244 $ 78,623,939 $ 195,439 $ 7,038,118 $ 7,233,557 (continued on next page) 129 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2002 CAPITAL PROJECTS FUNDS INTERGOVERNMENTAL MAJOR BOND CAPITAL LEAGUE FUNDS PROJECTS STADIUM BANK ONE BALLPARK PROJECT RESERVE REVENUES Taxes Licenses and permits Intergovernmental Charges for services Fines and forfeits Miscellaneous Total revenues $ $ $ $ TOTAL $ 128,498 128,498 50,248 50,248 EXPENDITURES Current: General government Public safety Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures 831,385 959,883 11,559 61,807 5,234 5,234 6,613,752 6,613,752 7,461,930 7,640,676 2,500 2,500 171,816 171,816 1,638,390 1,638,390 6,613,703 6,613,703 8,426,409 8,426,409 (1,633,156) 49 957,383 OTHER FINANCING SOURCES (USES) Transfers in Transfers out Proceeds from bond issuance Premium on refunding bonds Payment to escrow agent Total other financing sources (uses) (110,009) 647,239 (6,000,000) (785,733) 2,100,000 2,747,239 (6,000,000) 60,670 2,100,000 (3,192,091) 60,670 Net change in fund balances Fund balances (deficit) at beginning of year, as restated (5,352,761) 60,670 (4,395,378) (49,339) 10,516,468 309,033 466,844 49 (3,977,824) 237 10,825,738 Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ 6,121,090 $ 259,694 The notes to the financial statements are an integral part of this statement. 130 $ 466,844 $ 286 $ 6,847,914 TOTAL NONMAJOR GOVERNMENTAL FUNDS $ 9,690,800 22,478,873 170,928,037 45,682,016 2,889,174 25,823,652 277,492,552 4,160,487 102,415,889 113,623,704 16,062,396 15,131,284 7,966,893 1,753,537 1,114,508 14,801,603 277,030,301 462,251 15,424,873 (16,061,423) 58,285,670 3,115,977 (57,390,570) 3,374,527 3,836,778 87,348,992 1,519,640 $ 92,705,410 131 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Adult Probation Grants Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures 38,473,935 $ ACTUAL AMOUNTS 38,473,935 38,473,935 38,473,935 38,435,434 38,500 38,473,934 38,435,434 38,500 38,473,934 1 1 Excess (deficiency) of revenues over expenditures $ 1 $ 1 132 1 $ $ (7,759,151) 295,151 23,895 (7,440,105) 6,940,232 38,500 6,978,732 31,495,202 1 $ 30,714,784 295,151 23,895 31,033,830 31,495,202 OTHER FINANCING USES Operating transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance (deficit) – ending VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) (461,372) (461,373) (19,049) (19,049) (19,049) (19,049) (480,421) 440,000 (40,421) (480,422) 440,000 (40,422) $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Adult Probation Services Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 7,026,902 $ 7,276,902 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 7,431,777 548,833 138,752 8,119,362 $ 154,875 548,833 138,752 842,460 7,026,902 7,276,902 8,757,825 40,000 8,797,825 9,007,825 40,000 9,047,825 9,047,593 9,047,593 (39,768) 40,000 232 (1,770,923) (1,770,923) (928,231) 842,692 (1,770,923) 1,770,923 (1,770,923) 1,770,923 (928,231) 4,158,650 3,230,419 $ $ 133 $ $ 842,692 2,387,727 3,230,419 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Animal Control Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Licenses and permits Intergovernmental Charges for services Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures $ 5,865,497 Excess of revenues over expenditures OTHER FINANCING USES Operating transfers out Total other financing uses Net change in fund balances Fund balance (deficit) – beginning Increase in reserve for inventories Fund balance (deficit) – ending 3,324,464 1,971,508 1,525,783 4,600 51,029 6,877,384 $ 3,324,464 1,971,508 1,525,783 4,600 368,487 7,194,842 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 3,532,450 1,895,140 1,537,478 7,544 677 6,973,289 $ 207,986 (76,368) 11,695 2,944 (367,810) (221,553) 5,865,497 6,142,955 40,000 6,182,955 6,683,423 42,258 6,725,681 (540,468) (2,258) (542,726) 1,011,887 1,011,887 247,608 (764,279) (548,707) (548,707) (548,707) (548,707) (5,813) (5,813) 463,180 (591,334) 463,180 (591,334) 241,795 (811,926) 52,886 (517,245) (128,154) 134 $ (128,154) $ 542,894 542,894 $ (221,385) (220,592) 52,886 (389,091) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Bank One Ballpark Operations Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Current: Culture and recreation Debt service – principal retirement Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Operating transfers in Operating transfers out Total other financing sources (uses) Net change in fund balances Fund balance – beginning Fund balance – ending 3,731,091 3,731,091 $ ACTUAL AMOUNTS $ 3,957,815 3,957,815 $ (481,776) (481,776) 1,879,509 555,556 2,435,065 2,972,353 6,000,000 8,972,353 2,093,539 6,000,000 8,093,539 878,814 1,296,026 (4,532,762) (4,135,724) 397,038 6,000,000 (622,822) 5,377,178 6,000,000 (647,239) 5,352,761 (24,417) (24,417) 844,416 2,306,355 3,150,771 1,217,037 2,446,743 3,663,780 372,621 140,388 513,009 (635,110) (635,110) $ 4,439,591 4,439,591 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 660,916 2,306,355 2,967,271 135 $ $ 878,814 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual CDBG Housing Trust Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING USES Operating transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending 15,871,627 15,871,627 $ 15,871,627 15,871,627 15,841,414 15,841,414 15,841,414 15,841,414 30,213 30,213 (30,213) (30,213) (30,213) (30,213) VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 7,753,204 7,753,204 $ 7,760,204 7,760,204 8,081,210 8,081,210 (7,000) (37,213) 30,213 30,213 (7,000) 7,000 $ $ 136 (8,118,423) (8,118,423) $ (7,000) 7,000 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Child Support Automation Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance (deficit) – ending $ $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 2,752 2,752 $ 2,752 2,752 118,974 118,974 118,974 118,974 58,935 58,935 60,039 60,039 (118,974) (118,974) (56,183) 62,791 (118,974) 105,405 (13,569) (118,974) 105,405 (13,569) (56,183) 89,233 33,050 62,791 (16,172) 46,619 137 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Child Support Enhancement Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 12,959 $ 12,959 (65,500) 9,952 (42,589) 65,500 65,500 65,500 65,500 193,892 76,750 270,642 143,892 76,750 220,642 131,818 131,818 12,074 76,750 88,824 (205,142) (155,142) (108,907) 46,235 (205,142) 251,113 45,971 (155,142) 251,113 95,971 (108,907) 262,051 153,144 46,235 10,938 57,173 138 $ 9,952 22,911 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Children’s Issues Education Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 20,000 $ 20,000 ACTUAL AMOUNTS $ 20,000 20,000 41,197 1,275 42,472 20,000 20,000 20,000 20,000 3,400 3,400 16,600 16,600 39,072 39,072 39,072 16,665 55,737 39,072 733 39,805 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 15,932 15,932 139 $ 15,932 15,932 $ $ $ 21,197 1,275 22,472 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Clerk of Court EDMS Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ $ EXPENDITURES Current: Public safety Total expenditures 700,000 ACTUAL AMOUNTS $ 700,000 541,421 6,209 547,630 700,000 700,000 144,582 144,582 555,418 555,418 403,048 403,048 403,048 403,048 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ $ 140 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 403,048 $ $ (158,579) 6,209 (152,370) 403,048 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Clerk of Court Grants Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 3,315,019 $ 3,315,019 ACTUAL AMOUNTS $ 3,315,019 3,315,019 1,974,857 43,009 2,017,866 3,315,019 3,315,019 3,315,019 3,315,019 2,449,756 2,449,756 Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance (deficit) – ending $ $ 141 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ (1,340,162) 43,009 (1,297,153) 865,263 865,263 (431,890) (431,890) (431,890) 8,000 (423,890) (431,890) 8,000 (423,890) $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Conciliation Court Special Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 1,658,260 Net change in fund balances Fund balance – beginning Fund balance – ending $ ACTUAL AMOUNTS 1,658,260 1,658,260 1,392,091 11,679 1,403,770 1,658,261 1,658,261 1,658,261 1,658,261 1,585,734 1,585,734 Deficiency of revenues under expenditures $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 1,658,260 $ $ (266,169) 11,679 (254,490) 72,527 72,527 (1) (1) (181,964) (181,963) (1) 312,980 312,979 (1) 312,980 312,979 (181,964) 420,666 238,702 (181,963) 107,686 (74,277) 142 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Correctional Health Grants Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Total expenditures 72,913 $ 72,913 ACTUAL AMOUNTS $ 72,913 72,913 35,270 33 378 35,681 72,913 72,913 72,913 72,913 77,356 77,356 (4,443) (4,443) (41,675) (41,675) (41,675) (41,675) Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance (deficit) – ending VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ 143 $ (41,675) $ $ (37,643) 33 378 (37,232) (41,675) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual County Attorney Grants Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures 5,040,800 $ 4,958,670 5,040,800 4,958,670 5,040,800 4,958,670 5,040,800 4,958,670 ACTUAL AMOUNTS $ $ $ 144 4,565,093 10,206 4,575,299 $ 4,944,117 14,555 4,958,672 Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance (deficit) – ending VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ (393,577) 10,206 (383,371) 14,553 (14,555) (2) (383,373) (383,373) (383,373) 73,000 (310,373) (383,373) 73,000 (310,373) $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual County Attorney Special Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures $ 4,543,809 30,000 4,573,809 Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 2,666,266 1,862,015 40,000 4,568,281 $ 3,166,266 1,862,015 40,000 5,068,281 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 5,072,697 1,112 5.073.809 2,124,477 1,050,346 223,378 3,398,201 $ 3,765,995 171,819 3,937,814 (1,041,789) (811,669) 183,378 (1,670,080) 1,306,702 (170,707) 1,135,995 (5,528) (5,528) (539,613) (534,085) (5,528) 2,896,073 2,890,545 (5,528) 2,896,073 2,890,545 (539,613) 3,174,016 2,634,403 (534,085) 277,943 (256,142) 145 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Court Automation Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance (deficit) – ending $ 180,000 549,976 $ 180,000 549,976 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ $ (180,000) 126,440 2,964 (50,596) 729,976 729,976 676,416 2,964 679,380 893,877 893,877 886,572 7,305 893.877 617,540 7,303 624,843 269,032 2 269,034 (163,901) (163,901) 54,537 218,438 (163,901) 162,107 (1,794) (163,901) 162,107 (1,794) 54,537 130,147 184,684 218,438 (31,960) 186,478 146 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Document Retrieval Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 1,127,929 $ 1,127,929 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 1,127,929 1,127,929 1,018,702 21,918 1,040,620 1,556,087 75,000 1,631,087 1,545,587 85,500 1,631,087 1,235,547 186,404 1,421,951 $ (109,227) 21,918 (87,309) 310,040 (100,904) 209,136 (503,158) (503,158) (381,331) 121,827 (503,158) 744,216 241,058 (503,158) 744,216 241,058 (381,331) 782,911 401,580 121,827 38,695 160,522 147 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Domestic Relations Education Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Total expenditures 124,689 $ 124,689 ACTUAL AMOUNTS $ 124,689 124,689 159,276 10,354 169,630 124,689 124,689 124,689 124,689 120,726 120,726 3,963 3,963 48,904 48,904 48,904 235,316 284,220 48,904 23,505 72,409 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 211,811 211,811 148 $ 211,811 211,811 $ $ $ 34,587 10,354 44,941 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Economic Development Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance (deficit) – ending $ 82,500 82,500 82,500 288,758 288,758 288,758 288,758 37,227 37,227 251,531 251,531 (206,258) (206,258) 117,921 324,179 (206,258) (206,258) 117,921 284,327 402,248 324,179 284,327 608,506 149 $ 82,500 ACTUAL AMOUNTS 75,047 80,101 155,148 (206,258) $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) (206,258) $ $ $ $ (7,453) 80,101 72,648 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Emergency Management Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance (deficit) – ending $ 666,217 $ 666,217 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 539,777 16,400 556,177 $ (126,440) 16,400 (110,040) 666,217 666,217 673,186 18,841 692,027 683,186 8,841 692,027 (25,810) (25,810) (4,000) 21,810 (25,810) (25,810) (4,000) 4,000 21,810 4,000 25,810 (25,810) 150 $ (25,810) 560,177 123,009 8,841 131,850 560,177 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Environmental Services Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Licenses and permits Intergovernmental Charges for services Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING USES Operating transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ 10,819,000 4,564,688 400,000 358,000 1,058,000 17,199,688 $ 11,299,666 5,649,287 460,000 616,888 1,208,446 19,234,287 16,470,445 3,554,155 20,024,600 18,405,826 2,703,373 21,109,199 (2,824,912) (1,874,912) (524,570) (524,570) (524,570) (524,570) (3,349,482) 4,261,310 911,828 (2,399,482) 4,261,310 1,861,828 151 $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 11,685,574 2,549,700 475,212 630,339 1,140,804 16,481,629 $ 385,908 (3,099,587) 15,212 13,451 (67,642) (2,752,658) 16,261,302 201,258 16,462,560 2,144,524 2,502,115 4,646,639 19,069 1,893,981 524,570 524,570 $ 19,069 5,799,778 5,818,847 $ 2,418,551 1,538,468 3,957,019 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Expedited Child Support Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance (deficit) – ending $ 399,569 $ 399,569 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 366,334 9,718 376,052 $ (33,235) 9,718 (23,517) 399,569 399,569 758,524 25,000 783,524 758,524 25,000 783,524 449,424 449,424 309,100 25,000 334,100 (383,955) (383,955) (73,372) 310,583 (383,955) 338,085 (45,870) (383,955) 338,085 (45,870) (73,372) 309,480 236,108 310,583 (28,605) 281,978 152 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Housing Department Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Debt service – principal retirement Debt service – interest Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING USES Operating transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending 11,429,508 $ 11,429,508 11,429,508 11,429,508 10,000,195 10,000,195 1,360,830 11,361,025 1,360,830 11,361,025 68,483 68,483 (68,483) (68,483) (68,483) (68,483) $ $ 153 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 12,429,209 1,219,658 208,726 13,857,593 $ 999,701 1,219,658 208,726 2,428,085 14,338,681 123,514 120,595 1,753,396 16,336,186 (4,338,486) (123,514) (120,595) (392,566) (4,975,161) (2,478,593) (2,547,076) 68,483 68,483 $ (2,478,593) 4,172,015 1,693,422 $ (2,478,593) 4,172,015 1,693,422 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Human Services Grants Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures 26,975,193 $ 31,154,535 ACTUAL AMOUNTS $ 26,975,193 31,154,535 27,538,898 22,315 27,561,213 26,655,193 320,000 26,975,193 30,454,535 700,000 31,154,535 29,327,698 562,237 29,889,935 1,126,837 137,763 1,264,600 (2,328,722) (2,328,722) (2,328,722) 83,000 (2,245,722) (2,328,722) 83,000 (2,245,722) Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance (deficit) – ending VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ 154 $ $ $ (3,615,637) 22,315 (3,593,322) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Justice Court Enhancement Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 435,000 10,000 445,000 $ 435,000 10,000 445,000 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 553,865 15,904 569,769 $ 118,865 5,904 124,769 493,898 493,898 463,898 463,898 38,850 38,850 425,048 425,048 (48,898) (18,898) 530,919 549,817 (48,898) 48,898 (18,898) 48,898 30,000 530,919 61,193 592,112 549,817 12,295 562,112 $ $ 155 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Justice Court Grants Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ $ EXPENDITURES Current: Public safety Total expenditures 265,500 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 265,500 130,515 17,102 147,617 265,500 265,500 147,617 147,617 $ 117,883 117,883 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ $ 156 $ (134,985) 17,102 (117,883) $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Justice Court Judicial Enhancement Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 554,332 $ 554,332 (460,000) 3,491 97,823 460,000 6,000 466,000 460,000 6,000 466,000 280,248 415,729 695,977 257,248 415,729 672,977 75,727 75,727 181,521 415,729 597,250 (229,977) (206,977) 488,096 695,073 (229,977) 500,588 270,611 (206,977) 500,588 293,611 488,096 609,130 1,097,226 695,073 108,542 803,615 157 $ 9,491 563,823 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Juvenile Court Grants Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures 14,504,816 185,976 $ 14,690,792 18,383,033 14,729,721 18,404,462 17,500 18,421,962 14,729,721 Deficiency of revenues under expenditures 18,197,057 185,976 (38,929) ACTUAL AMOUNTS $ 13,304,141 237,723 46,251 13,588,115 $ 14,508,339 (38,929) (920,224) (881,295) 1,863 1,863 $ (38,929) 54,543 15,614 158 $ (38,929) 54,543 15,614 $ (918,361) 827,094 (91,267) (4,892,916) 51,747 46,251 (4,794,918) 3,896,123 17,500 3,913,623 14,508,339 OTHER FINANCING SOURCES Operating transfers in Total other financing sources Net change in fund balances Fund balance – beginning Fund balance (deficit) – ending VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 1,863 1,863 $ (879,432) 772,551 (106,881) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Juvenile Probation Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance (deficit) – ending $ 842,751 $ 842,751 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 842,751 842,751 903,595 27,493 931,088 $ 60,844 27,493 88,337 1,155,887 1,155,887 1,155,887 1,155,887 967,306 967,306 188,581 188,581 (313,136) (313,136) (36,218) 276,918 (313,136) 309,200 (3,936) (313,136) 309,200 (3,936) (36,218) 786,777 750,559 276,918 477,577 754,495 159 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Juvenile Restitution Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 50,000 50,000 $ 50,000 50,000 50,000 50,000 ACTUAL AMOUNTS $ 50,000 50,000 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ $ 160 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 11,566 11,566 $ (38,434) (38,434) 2,766 2,766 47,234 47,234 8,800 8,800 8,800 4,949 13,749 8,800 4,949 13,749 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Law Library Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 800,000 $ 800,000 ACTUAL AMOUNTS $ 800,000 800,000 752,987 2,877 51,383 807,247 800,000 800,000 800,000 800,000 1,023,142 1,023,142 Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 537,220 537,220 161 $ 537,220 537,220 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ (47,013) 2,877 51,383 7,247 (223,142) (223,142) (215,895) (215,895) (215,895) 342,751 126,856 (215,895) (194,469) (410,364) $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Library Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Taxes Intergovernmental Charges for services Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Culture and recreation Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Operating transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ 9,839,644 447,236 227,188 250,000 10,764,068 264,415 10,604,125 256,605 374,638 10,479,175 9,736,546 172,600 9,909,146 9,871,298 361,600 10,232,898 10,021,834 8,389 10,030,223 (150,536) 353,211 202,675 854,922 371,227 448,952 (587,133) (587,133) (587,133) (587,133) 162 $ 9,839,644 272,878 227,188 ACTUAL AMOUNTS (148,844) (115,746) (227,188) 256,605 110,223 (124,950) 267,789 6,139,823 6,407,612 $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) (215,906) 6,139,823 5,923,917 $ 9,690,800 157,132 $ 77,725 (2,661) (2,661) $ 446,291 6,413,699 6,859,990 584,472 584,472 $ 662,197 273,876 936,073 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Old Courthouse Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Current: General government Total expenditures 10,000 10,000 $ 10,000 10,000 10,000 10,000 ACTUAL AMOUNTS $ 10,000 10,000 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 5,773 5,773 163 $ 5,773 5,773 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 2,422 2,422 $ (7,578) (7,578) 4 4 9,996 9,996 2,418 2,418 2,418 6,040 8,458 2,418 267 2,685 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Palo Verde Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 231,747 $ 231,747 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 189,799 6,023 195,822 $ (41,948) 6,023 (35,925) 231,747 231,747 217,669 10,000 227,669 217,669 10,000 227,669 166,555 166,555 51,114 10,000 61,114 4,078 4,078 29,267 25,189 4,078 4,078 29,267 125,060 154,327 25,189 125,060 150,249 4,078 164 $ 4,078 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Parks & Recreation Grants Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Culture and recreation Capital outlay Total expenditures 78,750 $ 78,750 78,750 78,750 78,750 78,750 78,750 78,750 ACTUAL AMOUNTS $ OTHER FINANCING SOURCES Operating transfers in Total other financing sources $ $ 165 145,948 2,581 148,529 $ 8,948 5,235 14,183 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 67,198 2,581 69,779 69,802 (5,235) 64,567 134,346 134,346 150,000 150,000 150,000 150,000 284,346 284,346 284,346 $ 284,346 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Parks Donations Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Current: Culture and recreation Total expenditures Excess of revenues over expenditures 12,000 12,000 $ ACTUAL AMOUNTS 12,000 12,000 $ $ 118,581 118,581 11,500 11,500 18,647 18,647 500 500 111,934 111,434 469,755 469,755 469,755 469,755 581,689 87,620 669,309 581,189 87,620 668,809 500 $ 130,581 130,581 11,500 11,500 OTHER FINANCING SOURCES Operating transfers in Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 500 166 500 $ 500 $ (7,147) (7,147) $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Parks Enhancement Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Culture and recreation Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures 983,676 $ 984,426 ACTUAL AMOUNTS $ 693,200 1,676,876 692,450 1,676,876 1,304,173 2,683 984,855 2,291,711 1,615,406 240,500 1,855,906 1,632,906 23,000 1,655,906 1,626,100 13,823 1,639,923 6,806 9,177 15,983 (179,030) 20,970 651,788 630,818 13,769 (335,177) (321,408) 13,769 (335,177) (321,408) OTHER FINANCING SOURCES (USES) Operating transfers in Operating transfers out Total other financing sources (uses) Net change in fund balances Fund balance – beginning Fund balance – ending $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) (179,030) 938,909 759,879 167 $ 20,970 938,909 959,879 $ 330,380 1,281,350 1,611,730 $ $ 319,747 2,683 292,405 614,835 309,410 342,441 651,851 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Parks Lake Pleasant Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Culture and recreation Capital outlay Total expenditures Deficiency of revenues under expenditures OTHER FINANCING USES Operating transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ 1,500,000 375,000 1,875,000 375,000 1,875,000 1,543,117 5,640,573 7,183,690 1,533,298 5,650,392 7,183,690 1,589,760 2,485,226 4,074,986 (56,462) 3,165,166 3,108,704 (5,308,690) (5,308,690) (2,497,273) 2,811,417 (121,530) (121,530) (121,530) (121,530) (256,108) (256,108) (5,430,220) 7,175,900 1,745,680 (5,430,220) 7,175,900 1,745,680 (2,753,381) 7,299,581 4,546,200 $ 1,500,000 ACTUAL AMOUNTS 1,239,354 150 338,209 1,577,713 168 $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ $ (260,646) 150 (36,791) (297,287) (134,578) (134,578) $ 2,676,839 123,681 2,800,520 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Parks Souvenir Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Current: Culture and recreation Total expenditures 30,000 30,000 $ 30,000 30,000 30,000 30,000 ACTUAL AMOUNTS $ 30,000 30,000 Excess of revenues over expenditures OTHER FINANCING USES Operating transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ 25,000 25,000 169 $ 25,000 25,000 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 44,929 44,929 $ 14,929 14,929 31,068 31,068 (1,068) (1,068) 13,861 13,861 (13,769) (13,769) (13,769) (13,769) 92 24,907 24,999 $ 92 (93) (1) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Parks Spur Cross Ranch Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Culture and recreation Capital outlay Total expenditures 490,455 $ Net change in fund balances Fund balance – beginning Fund balance – ending $ ACTUAL AMOUNTS 490,455 490,455 401,952 15,795 8,750 426,497 222,455 268,000 490,455 225,881 206,994 432,875 181,358 199,120 380,478 44,523 7,874 52,397 57,580 46,019 (11,561) 57,580 125,000 182,580 46,019 20,503 66,522 (11,561) (104,497) (116,058) Excess of revenues over expenditures 125,000 125,000 170 $ 490,455 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ $ $ (88,503) 15,795 8,750 (63,958) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Planning and Development Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Licenses and permits Charges for services Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Operating transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending 6,009,000 1,884,000 3,000 264,000 8,160,000 $ ACTUAL AMOUNTS $ 7,120,499 2,422,958 9,290 319,366 9,872,113 6,399,819 157,400 6,557,219 6,617,819 45,000 6,662,819 6,621,505 24,502 6,646,007 1,602,781 1,912,181 3,226,106 (342,563) (342,563) $ 6,424,000 1,884,000 3,000 264,000 8,575,000 1,260,218 4,863,306 6,123,524 171 (342,563) (342,563) $ 1,569,618 4,863,306 6,432,924 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ (3,686) 20,498 16,812 1,313,925 (41,421) (41,421) $ 3,184,685 4,986,118 8,170,803 696,499 538,958 6,290 55,366 1,297,113 301,142 301,142 $ 1,615,067 122,812 1,737,879 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Planning Grants Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Licenses and permits Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 175,000 175,000 175,000 128,448 128,448 128,448 128,448 100,309 100,309 28,139 28,139 46,552 46,552 51,180 4,628 46,552 262,639 309,191 46,552 262,639 309,191 51,180 274,026 325,206 4,628 11,387 16,015 $ 175,000 ACTUAL AMOUNTS 140,350 11,139 151,489 172 $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ $ $ (34,650) 11,139 (23,511) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Probate Programs Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 388,577 $ 388,577 ACTUAL AMOUNTS $ 388,577 388,577 350,769 6,339 357,108 388,577 388,577 388,577 388,577 305,686 305,686 82,891 82,891 51,422 51,422 51,422 103,273 154,695 51,422 94,117 145,539 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 9,156 9,156 173 $ 9,156 9,156 $ $ $ (37,808) 6,339 (31,469) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Public Defender Grants Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 1,152,749 $ 1,240,416 ACTUAL AMOUNTS $ 1,152,749 1,240,416 1,315,448 689 1,316,137 1,152,749 1,152,749 1,240,416 1,240,416 1,213,023 1,213,023 27,393 27,393 103,114 103,114 103,114 1,000 104,114 103,114 1,000 104,114 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ 174 $ $ $ 75,032 689 75,721 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Public Defender Training Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 450,886 10,000 $ 424,245 10,000 ACTUAL AMOUNTS $ 460,886 434,245 250,880 7,245 2,854 260,979 460,886 460,886 434,245 434,245 401,337 401,337 Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance (deficit) – ending $ $ 175 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ (173,365) (2,755) 2,854 (173,266) 32,908 32,908 (140,358) (140,358) (140,358) 61,735 (78,623) (140,358) 61,735 (78,623) $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Public Health Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING USES Operating transfers out Total other financing uses Net change in fund balances Fund balance – beginning Increase in reserve for inventories Fund balance – ending 35,809,574 60,000 4,000 35,873,574 $ 43,779,174 60,000 4,000 43,843,174 ACTUAL AMOUNTS $ 32,755,953 20,948 67,616 32,844,517 34,980,952 42,950,582 34,980,982 42,950,582 892,592 892,592 (770,485) (892,592) (892,592) (892,592) (892,592) (592,575) (592,575) $ $ 176 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 33,579,029 35,973 33,615,002 $ (1,363,060) 1,401,639 1,495,475 1,534,054 (11,023,221) (39,052) 63,616 (10,998,657) 9,371,553 (35,973) 9,335,580 (1,663,077) 300,017 300,017 $ (1,363,060) 1,401,639 1,495,475 1,534,054 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Public Health Pharmacy Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Total expenditures $ 2,606,930 2,606,930 Deficiency of revenues under expenditures OTHER FINANCING SOURCES (USES) Operating transfers in Operating transfers out Total other financing sources (uses) Net change in fund balances Fund balance – beginning Decrease in reserve for inventories Fund balance – ending 2,572,461 3,000 2,575,461 $ 2,572,461 3,000 2,575,461 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 2,606,930 2,606,930 2,303,445 57,546 2,360,991 $ 2,470,187 2,470,187 (269,016) 54,546 (214,470) 136,743 136,743 (31,469) (31,469) (109,196) (77,727) 65,000 (226,335) (161,335) 65,000 (226,335) (161,335) 28,303 (32,617) (4,314) (36,697) 193,718 157,021 (192,804) 1,305,010 (192,804) 1,305,010 (113,510) 1,546,070 (28,721) 1,403,839 79,294 241,060 (28,721) 291,633 1,112,206 177 $ 1,112,206 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Recorder’s Surcharge Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: General government Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 3,532,800 105,839 3,638,639 $ 3,532,800 105,839 3,638,639 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 5,106,724 138,317 5,245,041 $ 1,573,924 32,478 1,606,402 4,878,639 410,000 5,288,639 4,878,639 410,000 5,288,639 3,380,635 276,445 3,657,080 1,498,004 133,555 1,631,559 (1,650,000) (1,650,000) 1,587,961 3,237,961 (1,650,000) 1,650,000 (1,650,000) 1,650,000 1,587,961 2,196,481 3,784,442 3,237,961 546,481 3,784,442 $ $ 178 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Research and Reporting Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Current: General government Total expenditures Deficiency of revenues under expenditures OTHER FINANCING USES Operating transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance (deficit) – ending $ 316,192 316,192 $ 316,192 316,192 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 358,986 358,986 $ 42,794 42,794 422,657 422,657 422,657 422,657 374,139 374,139 48,518 48,518 (106,465) (106,465) (15,153) 91,312 (79,243) (79,243) (79,243) (79,243) (1,050) (1,050) 78,193 78,193 (185,708) 96,250 (89,458) (185,708) 96,250 (89,458) (16,203) 153,620 137,417 169,505 57,370 226,875 179 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual RICO Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures 100,000 1,200,000 1,300,000 $ 700,000 600,000 1,300,000 100,000 1,200,000 1,300,000 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 380,507 $ 380,507 700,000 600,000 1,300,000 337,858 42,649 380,507 362,142 557,351 919,493 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ $ 180 $ 280,507 (1,200,000) (919,493) $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Sheriff Donations Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 100,000 100,000 $ 100,000 100,000 100,000 100,000 ACTUAL AMOUNTS $ 100,000 100,000 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ $ 181 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 13,636 13,636 $ (86,364) (86,364) 10,535 10,535 89,465 89,465 3,101 3,101 3,101 10,520 13,621 3,101 10,520 13,621 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Sheriff Grants Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures 16,193,064 $ ACTUAL AMOUNTS 16,193,064 19,580,187 5,556 19,585,743 5,235,187 10,957,877 16,193,064 8,627,866 8,857,877 17,485,743 4,082,553 193,003 4,275,556 4,545,313 8,664,874 13,210,187 2,100,000 8,716,987 6,616,987 (2,100,000) (2,100,000) (2,100,000) (2,100,000) Excess of revenues over expenditures OTHER FINANCING USES Operating transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ 182 $ $ 12,421,909 570,634 12,992,543 6,616,987 11,317,114 17,934,101 $ $ (7,158,278) 565,078 (6,593,200) 6,616,987 11,317,114 17,934,101 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Sheriff Inmate Health Services Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 60,000 $ 60,000 ACTUAL AMOUNTS $ 60,000 60,000 59,947 4,431 64,378 60,000 60,000 60,000 60,000 16,514 16,514 43,486 43,486 47,864 47,864 47,864 50,874 98,738 47,864 (7,354) 40,510 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 58,228 58,228 183 $ 58,228 58,228 $ $ $ (53) 4,431 4,378 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Sheriff Special Funding Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures 5,700,000 5,700,000 $ 6,700,000 6,700,000 5,700,000 6,700,000 5,700,000 6,700,000 ACTUAL AMOUNTS $ $ $ 184 6,570,344 6,570,344 $ 6,680,980 17,937 6,698,917 Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance – ending VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ (129,656) (129,656) 19,020 (17,937) 1,083 (128,573) (128,573) (128,573) 1,319,249 1,190,676 (128,573) 1,319,249 1,190,676 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Stadium District Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Culture and recreation Education Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Operating transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ 5,730,000 200,000 5,930,000 $ 5,730,000 200,000 5,930,000 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 4,019,026 153,887 4,172,913 $ (1,710,974) (46,113) (1,757,087) 109,872 91,096 47,059 44,037 109,872 91,096 47,059 44,037 5,820,128 5,838,904 4,125,854 (5,709,410) (5,709,410) (6,157,846) (6,157,846) (6,013,944) (6,013,944) 110,718 4,132,985 4,243,703 (318,942) 4,132,985 3,814,043 (1,888,090) 4,062,394 2,174,304 185 $ $ (1,713,050) 143,902 143,902 $ (1,569,148) (70,591) (1,639,739) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Superior Court Grants Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures 3,756,054 $ 3,756,054 3,756,054 3,756,054 3,756,054 3,756,054 3,756,054 3,756,054 ACTUAL AMOUNTS $ $ $ 186 3,136,460 20,289 3,156,749 $ 2,995,994 46,277 3,042,271 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ (619,594) 20,289 (599,305) 760,060 (46,277) 713,783 114,478 114,478 114,478 11,000 125,478 114,478 11,000 125,478 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Superior Court Judicial Enhancement Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 904,683 600,000 $ 904,683 600,000 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 1,504,683 1,504,683 481,838 818,135 45,480 1,345,453 2,000,000 200,000 2,200,000 1,992,225 207,775 2,200,000 1,277,764 14,013 1,291,777 714,461 193,762 908,223 748,993 (695,317) (695,317) 53,676 (695,317) 1,377,980 682,663 (695,317) 1,377,980 682,663 53,676 1,088,332 1,142,008 187 $ $ $ $ (422,845) 218,135 45,480 (159,230) 748,993 (289,648) 459,345 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Superior Court Special Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures 1,193,318 1,101,535 138,500 2,433,353 $ ACTUAL AMOUNTS 1,193,318 1,101,535 138,500 2,433,353 $ 1,136,477 1,359,376 37,628 2,533,481 $ (56,841) 257,841 (100,872) 100,128 2,433,352 2,433,352 2,433,352 2,433,352 2,226,874 73,372 2,300,246 1 1 233,235 233,234 1 422,604 422,605 1 422,604 422,605 233,235 551,672 784,907 233,234 129,068 362,302 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 188 $ $ 206,478 (73,372) 133,106 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Victim Location Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 15,172 15,172 $ 15,172 15,172 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 24,096 24,096 $ 8,924 8,924 53,263 53,263 40,807 40,807 15,201 15,201 25,606 25,606 (38,091) (25,635) 8,895 34,530 (38,091) 63,920 25,829 (25,635) 63,920 38,285 8,895 82,934 91,829 34,530 19,014 53,544 189 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Waste Tire Program Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance (deficit) – ending $ 2,896,000 20,000 $ 2,896,000 20,000 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 3,525,885 $ 629,885 (20,000) 211,182 821,067 2,916,000 2,916,000 211,182 3,737,067 3,850,296 3,850,296 3,777,732 3,777,732 2,348,921 2,348,921 1,428,811 1,428,811 (934,296) (861,732) 1,388,146 2,249,878 (934,296) 674,832 (259,464) (861,732) 674,832 (186,900) 1,388,146 2,613,098 4,001,244 2,249,878 1,938,266 4,188,144 190 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Stadium District Fund – Debt Service Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Debt service: Principal Interest Other Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES (USES) Operating transfers in Proceeds from bond issuance Premium on refunding bonds Payment to escrow agent Total other financing sources (uses) Net change in fund balances Fund balance – beginning Fund balance – ending $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 1,388,638 13,112 1,401,750 $ 1,388,638 13,112 1,401,750 1,305,388 3,654,022 750,000 5,709,410 871,283 2,711,288 750,000 4,332,571 1,620,168 1,593,307 1,114,508 4,327,983 (748,885) 1,117,981 (364,508) 4,588 (5,709,410) (4,332,571) (2,926,233) 1,406,338 5,709,410 6,149,069 58,225,000 3,115,977 (57,390,570) 10,099,476 6,013,944 58,225,000 3,115,977 (57,390,570) 9,964,351 5,709,410 5,766,905 $ $ 191 5,766,905 (135,125) (135,125) 7,038,118 $ 7,038,118 1,271,213 $ 1,271,213 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Bank One Ballpark Project Reserve Fund – Capital Projects Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING SOURCES (USES) Operating transfers in Operating transfers out Total other financing sources (uses) Net change in fund balances Fund balance – beginning Fund balance – ending $ ACTUAL AMOUNTS 550,000 550,000 550,000 550,000 128,498 831,385 959,883 3,000 3,000 3,000 3,000 2,500 2,500 500 500 547,000 547,000 957,383 410,383 600,000 $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 600,000 600,000 (6,000,000) (5,400,000) 647,239 (6,000,000) (5,352,761) 1,147,000 10,820,281 11,967,281 (4,853,000) 10,820,281 5,967,281 (4,395,378) 10,516,468 6,121,090 192 $ $ $ 128,498 281,385 409,883 47,239 47,239 $ 457,622 (303,813) 153,809 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Major League Stadium Fund – Capital Projects Fund For the Fiscal Year Ended June 30, 2002 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Capital outlay Total expenditures 2,000,000 2,000,000 $ 2,000,000 2,000,000 Excess of revenues over expenditures OTHER FINANCING USES Operating transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending 8,000,000 8,000,000 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 6,613,752 6,613,752 $ 7,996,489 7,996,489 6,613,703 6,613,703 1,382,786 1,382,786 3,511 49 (3,462) (3,511) (3,511) $ $ 193 (1,386,248) (1,386,248) 3,511 3,511 $ 49 237 286 $ 49 237 286 Financial Section Combining and Individual Fund Statements Nonmajor Enterprise Funds Maricopa County Listing of Nonmajor Enterprise Funds Enterprise Funds are used to account for operations that are financed and operated in a manner similar to private enterprises where the intent of the County is that the costs of providing goods and services to the general public on a continuing basis be financed through user charges. This allows for the evaluation of these funds on the same basis as investor-owned enterprises in the same industry. Non-AHCCCS Health Plans - The Non-AHCCCS Health Plans are primarily: • • Health Select - a managed care health plan offered to employees, spouses and their families; Senior Select - a Medicare plan operating under contract with the Federal government. Solid Waste - Solid Waste assists the cities and towns, businesses, and citizens in continuously improving regional waste management systems. This includes an everincreasing focus on reducing the amount of waste generated, maximizing resource recovery, proper management of special wastes, and environmentally sound disposal. 197 Maricopa County Combining Statement of Net Assets Nonmajor Enterprise Funds June 30, 2002 NON-AHCCCS HEALTH PLANS ASSETS Current assets: Cash in bank and on hand Cash and investments held by County Treasurer Receivables: Accounts (net of allowance) Accrued interest Miscellaneous Total current assets $ LIABILITIES Current liabilities: Vouchers payable Employee compensation payable Accrued liabilities Certificates of participation – current portion Liability for reported and incurred but not reported claims Liability for closure and postclosure costs – current portion Total current liabilities $ 9,915,966 444,287 140,003 10,500,256 Noncurrent assets: Capital assets: Land Buildings Machinery and equipment Less accumulated depreciation Total noncurrent assets Total assets SOLID WASTE 50,273 (50,273) $ 1,275 26,036,016 90,646 3,944 16,215,915 444,287 230,649 3,944 26,716,171 1,187,486 63,562 2,777,577 (2,767,273) 1,261,352 1,187,486 63,562 2,827,850 (2,817,546) 1,261,352 $ 10,500,256 $ 17,477,267 $ 27,977,523 $ 1,466,281 $ 3,789 12,745 161,406 59,151 $ 3,655,934 3,893,025 1,470,070 12,745 432,438 59,151 8,945,812 3,655,934 14,576,150 163,368 4,461,206 4,624,574 163,368 4,461,206 4,624,574 8,517,599 19,200,724 1,038,833 7,920,835 8,959,668 1,038,833 7,737,966 8,776,799 271,032 8,945,812 10,683,125 Noncurrent liabilities: Certificates of participation (net of current portion) Liability for postclosure costs (net of current portion) Total noncurrent liabilities Total liabilities NET ASSETS Invested in capital assets, net of related debt Unrestricted (deficit) Total net assets 1,275 16,120,050 TOTAL 10,683,125 $ The notes to the financial statements are an integral part of this statement. 198 (182,869) (182,869) $ $ Maricopa County Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets Nonmajor Enterprise Funds For the Fiscal Year Ended June 30, 2002 NON-AHCCCS HEALTH PLANS OPERATING REVENUES Charges for services Miscellaneous Total operating revenues $ OPERATING EXPENSES Personal services Supplies Medical services Other services Insurance Leases and rentals Travel and transportation Utilities Depreciation Miscellaneous Total operating expenses $ 2,799,169 421,813 62,133,147 112,169 587,201 127,011 Operating loss NONOPERATING REVENUES (EXPENSES) Grant revenues Investment income Interest expense Loss on disposal of capital assets Total nonoperating revenues (expenses) Transfers in Transfers out Change in net assets 44,860 75,826 120,686 TOTAL $ 241,845 11,965 586,630 66,767,140 625,410 (2,588,758) (504,724) (3,093,482) (2,991) 1,719,416 631,829 (14,136) (100,289) 517,404 1,258,000 1,096,236 (14,136) (103,280) 2,236,820 (869,342) 12,680 (856,662) (247,862) (235,182) 4,737,499 (247,862) 3,632,975 198,432 15,628 666 14,893 141,981 4,737,499 3,868,157 $ The notes to the financial statements are an integral part of this statement. 199 64,214,098 84,970 64,299,068 3,041,014 433,778 62,133,147 310,601 587,201 142,639 666 14,893 141,981 586,630 67,392,550 1,258,000 464,407 Income (loss) before transfers Total net assets – beginning Total net assets – ending 64,169,238 9,144 64,178,382 SOLID WASTE (4,051,026) (182,869) $ 9,194,850 8,959,668 $ 5,143,824 8,776,799 Maricopa County Combining Statement of Cash Flows Nonmajor Enterprise Funds For the Fiscal Year Ended June 30, 2002 NON-AHCCCS HEALTH PLANS CASH FLOWS FROM OPERATING ACTIVITIES Charges for services Other receipts Payments for goods and services Payments for personal services Net cash provided (used) by operating activities $ CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Grant receipts Cash transfers from other funds Cash transfers to other funds Net cash provided (used) by noncapital financing activities 64,167,968 9,144 (59,480,080) (2,799,169) 1,897,863 SOLID WASTE $ 5,995,499 CASH FLOWS FROM INVESTING ACTIVITIES Interest and dividends Net cash provided by investing activities 378,322 378,322 Net increase (decrease) in cash and cash equivalents SCHEDULE OF NONCASH INVESTING, CAPITAL AND FINANCING ACTIVITIES Accumulated depreciation from disposed capital assets Machinery and equipment disposed Loss on disposal of equipment $ 9,915,966 (247,862) (247,862) (56,334) (14,136) (70,470) (56,334) (14,136) (70,470) 1,107,539 1,107,539 (327,651) 1,644,282 7,944,033 16,448,976 $ (2,588,758) 16,121,325 18,093,258 $ (504,724) 141,981 4,461,206 (1,270) 68,494 3,612 (7,156) 2,532 (8,491,921) 254,269 4,004,203 $ $ The notes to the financial statements are an integral part of this statement. 200 1,897,863 5 (2,996) 2,991 $ $ 3,655,934 (738,536) 2,219,577 (2,319,866) 100,289 26,037,291 (3,093,482) 141,981 4,461,206 160,925 64,212,828 88,582 (60,103,601) (3,038,482) 1,159,327 1,258,000 4,737,499 (247,862) 5,747,637 729,217 729,217 8,271,684 Cash and cash equivalents, July 1, 2001 RECONCILIATION OF OPERATING LOSS TO NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES Operating loss Adjustments to reconcile operating income to net cash provided (used) by operating activities Depreciation expense Liability for postclosure cost - noncurrent Changes in assets and liabilities: Accounts receivable Prepaids Miscellaneous Vouchers payable Employee compensation payable Accrued liabilities Liability for reported and incurred but not reported claims Liability for closure and postclosure cost Net cash provided (used) for operating activities $ 1,258,000 4,737,499 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Certificates of participation payments Interest payments on long-term debt Net cash used by capital and related financing activities Cash and cash equivalents, June 30, 2002 44,860 79,438 (623,521) (239,313) (738,536) TOTAL $ $ (1,270) 68,494 3,612 153,769 2,532 (8,237,652) 4,004,203 3,655,934 1,159,327 2,219,582 (2,322,862) 103,280 Financial Section Combining and Individual Fund Statements Internal Service Funds Maricopa County Listing of Internal Service Funds Internal Service Funds are used to account for services and commodities provided by one department or agency to other departments or agencies of the County. These services are provided on a cost-reimbursement basis. The following is a listing of the Internal Service Funds reported within Maricopa County. Equipment Services - This fund provides assistance to other Maricopa County departments to ensure quality service to the citizens of Maricopa County by furnishing and maintaining the necessary County mobile equipment in an efficient manner. Telecommunications - This fund provides cost effective voice, data, and radio communications to County employees. Reprographics - This fund provides the County’s printing and duplicating services. Risk Management - This fund supports the comprehensive insurance/self-insurance program, which safeguards County assets and employees by means of a Trust Fund. Personnel skilled in loss control, claims and litigation and workers’ compensation work together to avert risk and conserve the human and financial resources of Maricopa County. Employee Benefits Trust - This fund collects employee and employer contributions for payment of the employees’ dental and short-term disability benefits. Sheriff Warehouse - Sheriff Warehouse tracks inventory activity for supplies purchased by the warehouse for resale and stores consignment inventory for other departments. 203 Maricopa County Combining Statement of Net Assets All Internal Service Funds June 30, 2002 EQUIPMENT SERVICES ASSETS Current assets: Cash in bank and on hand Cash and investments held by County Treasurer Accrued interest Inventories Prepaids Total current assets $ Noncurrent assets: Capital assets: Buildings Machinery and equipment Less accumulated depreciation Total noncurrent assets 900 TELECOMMUNICATIONS $ 209,832 400 1,218,474 6,548 65,381 210,732 1,290,803 540,802 323,649 2,918,342 (1,673,836) 1,568,155 727,899 (392,105) 335,794 832,724 2,858,958 876,596 400,272 192,413 8,234 605,818 888,358 214,703 17,650 28,266 2,185,961 (1,563,969) 621,992 Total assets LIABILITIES Current liabilities: Vouchers payable Employee compensation payable Accrued liabilities Due to other funds Leases payable – current portion Liability for reported and incurred but not reported claims - current portion Total current liabilities REPROGRAPHICS $ 540,802 34,172 1,206,737 1,103,061 80,088 Noncurrent liabilities: Leases payable – (net of current portion) Liability for reported and incurred but not reported claims (net of current portion) Total noncurrent liabilities 64,638 64,638 Total liabilities NET ASSETS Invested in capital assets, net of related debt Restricted for self-insurance Unrestricted (deficit) Total net assets $ The notes to the financial statements are an integral part of this statement. 204 1,206,737 1,103,061 144,726 621,992 1,568,155 236,984 (996,005) (374,013) $ 187,742 1,755,897 $ 494,886 731,870 EMPLOYEE BENEFITS TRUST RISK MANAGEMENT $ 300 21,629,883 121,892 $ 350,278 9,523,229 59,416 SHERIFF WAREHOUSE TOTALS JUNE 30, 2002 $ $ 233,056 1,337,911 2,500,283 24,252,358 2,000 9,934,923 74,554 (51,432) 23,122 1,570,967 351,878 33,145,444 187,856 1,613,124 2,502,283 37,800,585 323,649 5,952,864 (3,705,840) 2,570,673 46,108 (24,498) 21,610 24,275,480 9,956,533 1,570,967 40,371,258 529,213 88,918 5,139,562 18,504 225,289 1,413 950,232 6,993,559 524,300 234,936 1,556,050 34,172 11,449,440 12,067,571 794,084 6,158,935 12,243,524 21,586,541 970,149 64,638 30,227,939 30,227,939 $ 30,227,939 30,292,577 42,295,510 6,158,935 23,122 (18,043,152) 21,610 3,775,988 (18,020,030) $ 3,797,598 $ 970,149 51,879,118 600,818 600,818 2,471,863 (14,267,164) 287,441 (11,507,860) 205 $ Maricopa County Combining Statement of Revenues, Expenses, and Changes in Net Assets All Internal Service Funds For the Fiscal Year Ended June 30, 2002 OPERATING REVENUES Charges for services Miscellaneous $ Total operating revenues OPERATING EXPENSES Personal services Supplies Other services Legal Insurance Leases and rentals Repairs and maintenance Travel and transportation Utilities Depreciation Miscellaneous Total operating expenses Operating income (loss) EQUIPMENT TELECOM- SERVICES MUNICATIONS 8,126,046 546,110 $ 13,130,571 146,192 8,672,156 13,276,763 2,620,341 4,397,678 2,493,948 605,638 946,804 919,402 15,656 942,776 17,985 81,403 228,353 1,759,109 1,544,573 63,109 5,388,284 358,094 9,250,996 13,132,157 (578,840) 144,606 13,800 859,540 (50,072) 28,509 (7,763) (39,707) (326,558) 493,275 (586,603) 637,881 NONOPERATING REVENUES (EXPENSES) Grant revenues Investment income Interest expense Gain (loss) on disposal of capital assets Total nonoperating revenues (expenses) Income (loss) before contributions and transfers Capital contributions Transfers out Change in net assets 260,110 Total net assets (deficit) - beginning Total net assets (deficit) – ending $ The notes to the financial statements are an integral part of this statement. 206 (326,493) (2,420,577) (1,782,696) (47,520) 3,538,593 (374,013) $ 1,755,897 EMPLOYEE RISK MANAGEMENT REPROGRAPHICS $ 1,104,789 $ 19,083,216 2,035 1,106,824 338,164 19,421,380 387,209 234,828 1,108,903 464,376 25,735 BENEFITS TRUST $ 6,755,185 SHERIFF WAREHOUSE $ 21,824 6,777,009 786,189 206,553 4,564,323 12,505,485 6,154,982 2,567,391 TOTALS JUNE 30, 2002 $ 2,567,391 1,054,325 51,821,523 2,435,416 6,610,401 8,137,936 199,251 3,083,934 2,634,667 (67,276) 4,564,323 18,660,467 1,774,765 2,554,487 81,979 5,469,687 716,394 20,295 51,674,668 146,855 67,138 885 104,005 18,506 20,295 19,468,077 (46,697) 819,800 287,024 853,766 322,408 853,766 807,069 322,408 730,446 272,120 807,069 (245,425) 485,021 459,750 (18,827,099) 3,312,577 (3,224) (11,680) (14,904) 272,120 $ 7,436 6,368,971 408,038 731,870 $ (18,020,030) $ 3,797,598 207 (67,276) 873,340 1,176,174 (93,003) (309,729) 1,646,782 1,793,637 (67,276) 260,110 (2,666,002) (612,255) 668,094 $ 50,767,198 600,818 (10,895,605) $ (11,507,860) Maricopa County Combining Statement of Cash Flows All Internal Service Funds For the Fiscal Year Ended June 30, 2002 EQUIPMENT SERVICES CASH FLOWS FROM OPERATING ACTIVITIES Charges for services Other receipts Payments for goods and services Payments for personal services Net cash provided (used) by operating activities $ CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Advances from other funds Grant receipts Interest payments Loan payments to County General Fund Net cash provided (used) by noncapital financing activities 8,126,046 546,110 (6,090,535) (2,634,622) (53,001) TELECOMMUNICATIONS $ 605,818 13,800 (50,072) (513,511) 56,035 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Purchase of capital assets Capital lease payments Interest payments on long-term debt Proceeds from sale of capital assets Net cash used by capital and related financing activities 13,130,571 146,192 (11,318,989) (2,486,510) (528,736) REPROGRAPHICS $ 1,104,789 2,035 (314,489) (389,152) 403,183 859,540 (39,935) 819,605 (33,842) (1,395,644) (26,480) (3,224) 30,808 (3,034) 50,122 (1,345,522) (29,704) (1,054,653) 373,479 2,273,527 167,323 CASH FLOWS FROM INVESTING ACTIVITIES Interest and dividends Proceeds from the sale of investments Net cash provided by investing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents, July 1, 2001 Cash and cash equivalents, June 30, 2002 RECONCILIATION OF OPERATING INCOME (LOSS) TO NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES: Operating income (loss) Adjustments to reconcile operating income to net cash provided (used) by operating activities Depreciation expense Liability for reported and incurred but not reported claims - noncurrent Changes in assets and liabilities: Inventories Prepaids Vouchers payable Employee compensation payable Accrued liabilities Liability for reported and incurred but not reported claims - current Net cash provided (used) for operating activities SCHEDULE OF NONCASH INVESTING, CAPITAL AND FINANCING ACTIVITIES: Accumulated depreciation from disposed capital assets Machinery and equipment disposed Loss on disposal of equipment Machinery and equipment acquired under a capital lease Borrowing under a capital lease Transfer capital assets to County-wide capital assets Deletion of equipment 900 $ 900 $ 1,218,874 $ 540,802 (578,840) 144,606 287,024 228,353 358,094 104,005 128,328 (5,584) 189,961 (14,281) (6,522) (1,033,128) 7,438 (162) 14,100 (1,943) (3) $ (53,001) $ (528,736) $ 403,183 $ 110,832 (113,131) 2,299 $ 1,944,571 (2,321,251) 376,680 $ 136,743 (148,423) 11,680 125,290 (125,290) 2,420,577 (2,420,577) The notes to the financial statements are an integral part of this statement. 208 EMPLOYEE BENEFITS TRUST RISK MANAGEMENT $ 19,083,216 338,164 (19,004,944) (1,102,072) (685,636) $ 6,755,185 25,139 (867,880) SHERIFF WAREHOUSE $ TOTALS JUNE 30, 2002 2,567,391 50,767,198 1,057,640 (40,078,131) (6,612,356) 5,134,351 (2,481,294) 5,912,444 86,097 950,232 1,556,050 873,340 (90,007) (1,316,784) 1,022,599 (803,273) 146,959 (1,429,486) (26,480) (3,224) 80,930 (1,378,260) $ 941,499 2,429,908 3,371,407 306,950 2,685,771 6,219,394 18,944,412 3,654,113 21,630,183 1,248,449 2,429,908 3,678,357 306,950 $ (46,697) 9,873,507 233,056 25,040,275 $ 408,038 18,506 11,953,924 8,457,047 233,056 $ (67,276) 146,855 7,436 716,394 11,953,924 194,210 $ $ (1,802,360) 29,946 6,831 (197) (10,845,589) (685,636) $ 5,057,763 (36,128) (214,990) 654,197 5,912,444 (4,709) $ 33,497,322 $ 86,097 $ $ $ 245,425 (245,425) 209 316,954 (1,802,360) 4,222,514 (1,955) (226,583) (10,191,392) 5,134,351 2,192,146 (2,582,805) 390,659 125,290 (125,290) 2,666,002 (2,666,002) Financial Section Combining and Individual Fund Statements Trust and Agency Funds Maricopa County Listing of Trust and Agency Funds Trust and Agency Funds are used to account for assets held by the County in a fiduciary capacity or as an agent for individuals, private organizations, other governments and/or other funds. The County maintains Investment Trust Funds to account for investments made by the County on behalf of other governmental entities using the economic resources measurement focus. INVESTMENT TRUST FUNDS Treasurer’s Investment Pool - The Treasurer’s Investment Pool accounts for pooled investments made on behalf of School Districts and other governmental units. Individual Investment Accounts - Individual Investment Accounts record specific investments made on behalf of other governmental units. The County maintains Agency Funds, which are not under the control of the Board of Supervisors. Agency Funds are custodial in nature and do not involve measurement of results of operations. AGENCY FUNDS Property Tax Collection - The Property Tax Collection Fund accounts for property tax receipts prior to apportionment to the taxing governmental units. Special Purpose - The Special Purpose Fund accounts for receipts, which are designated for special purposes and are not related to an individual governmental unit. 213 Maricopa County Combining Statement of Fiduciary Net Assets Investment Trust Funds June 30, 2002 TREASURER’S INVESTMENT POOL ASSETS Cash and investments held by County Treasurer Accrued interest receivable Total assets $ INDIVIDUAL INVESTMENT ACCOUNTS 1,177,976,123 6,602,839 1,184,578,962 $ 1,184,578,962 $ 3,600,000 TOTALS JUNE 30, 2002 $ 1,181,576,123 6,602,839 1,188,178,962 $ 1,188,178,962 3,600,000 LIABILITIES Total liabilities NET ASSETS Held in trust for investment participation $ The notes to the financial statements are an integral part of this statement. 214 3,600,000 Maricopa County Combining Statement of Fiduciary Net Assets Agency Funds June 30, 2002 PROPERTY TAX COLLECTION ASSETS Cash in bank and on hand Cash and investments held by County Treasurer Total assets LIABILITIES Due to other governmental units Deposits held for other parties Total liabilities $ $ $ $ SPECIAL PURPOSE $ 16,213,774 16,213,774 11,302,559 4,911,215 16,213,774 The notes to the financial statements are an integral part of this statement. 215 $ 26,258,920 37,236,592 63,495,512 $ $ TOTALS JUNE 30, 2002 $ $ $ 63,495,512 63,495,512 $ 26,258,920 53,450,366 79,709,286 11,302,559 68,406,727 79,709,286 Maricopa County Combining Statement of Changes in Fiduciary Net Assets Investment Trust Funds For the Fiscal Year Ended June 30, 2002 TREASURER’S INVESTMENT POOL ADDITIONS Contributions from participants Investment income: Interest income Net decrease in fair value of investments Net investment earnings $ Total additions DEDUCTIONS Distributions to participants Total deductions Change in net assets NET ASSETS HELD IN TRUST July 1, 2001 June 30, 2002 $ 8,731,655,895 INDIVIDUAL INVESTMENT ACCOUNTS $ TOTALS JUNE 30, 2002 $ 8,731,655,895 37,411,360 (2,240,525) 35,170,835 37,411,360 (2,240,525) 35,170,835 8,766,826,730 8,766,826,730 8,888,633,636 8,888,633,636 12,005,000 12,005,000 8,900,638,636 8,900,638,636 (121,806,906) (12,005,000) (133,811,906) 1,306,385,868 1,184,578,962 The notes to the financial statements are an integral part of this statement. 216 $ 15,605,000 3,600,000 $ 1,321,990,868 1,188,178,962 Maricopa County Combining Statement of Changes in Assets and Liabilities Agency Funds For the Fiscal Year Ended June 30, 2002 BALANCE JULY 1, 2001 PROPERTY TAX COLLECTION Assets Cash and investments held by County Treasurer Total assets Liabilities Due to other funds Due to other governmental units Deposits held for other parties Total liabilities SPECIAL PURPOSE Assets Cash in bank and on hand Cash and investments held by County Treasurer Due from other governmental units Total assets Liabilities Vouchers payable Due to other funds Due to other governmental units Deposits held for other parties Total liabilities TOTALS FOR ALL AGENCY FUNDS Assets Cash in bank and on hand Cash and investments held by County Treasurer Due from other governmental units Total assets Liabilities Vouchers payable Due to other funds Due to other governmental units Deposits held for other parties Total liabilities ADDITIONS $ $ 18,338,379 18,338,379 $ $ $ 229,520 11,563,210 6,545,649 18,338,379 $ 32,919,674 43,975,921 2,695 76,898,290 $ 206,703 2,752,381 22,000 73,917,206 76,898,290 $ 32,919,674 62,314,300 2,695 95,236,669 $ 206,703 2,981,901 11,585,210 80,462,855 95,236,669 $ $ $ $ $ $ $ $ $ $ The notes to the financial statements are an integral part of this statement. 217 $ 446,806,529 446,806,529 386,306,346 60,500,183 446,806,529 $ $ 448,931,134 448,931,134 $ $ $ 229,520 386,566,997 62,134,617 448,931,134 $ 6,660,754 1,716,474,895 2,695 1,723,138,344 $ 26,258,920 37,236,592 $ 63,495,512 206,703 2,752,381 22,000 1,720,157,260 1,723,138,344 $ 6,660,754 2,165,406,029 2,695 2,172,069,478 $ 26,258,920 53,450,366 $ 79,709,286 206,703 2,981,901 386,588,997 1,782,291,877 2,172,069,478 $ $ $ 1,709,735,566 $ $ 1,709,735,566 $ $ 1,709,735,566 1,709,735,566 $ $ 2,156,542,095 $ $ 2,156,542,095 $ $ 386,306,346 1,770,235,749 2,156,542,095 BALANCE JUNE 30, 2002 DEDUCTIONS $ $ $ $ 16,213,774 16,213,774 11,302,559 4,911,215 16,213,774 63,495,512 63,495,512 11,302,559 68,406,727 79,709,286 Financial Section Capital Assets Schedules Maricopa County Capital Assets Used in the Operation of Governmental Funds Comparative Schedules by Source 1 June 30, 2002 and 2001 2002 Governmental funds capital assets: Land Buildings Machinery and equipment Infrastructure Construction in progress Total governmental funds capital assets $ $ Investments in governmental funds capital assets by source: General Fund Special Revenue Funds Capital Projects Funds Total governmental funds capital assets 1 $ $ 177,378,461 735,881,798 152,445,404 357,036,458 365,055,919 1,787,798,040 671,743,752 723,031,050 393,023,238 1,787,798,040 2001, restated $ $ $ $ 146,500,730 703,246,282 182,075,748 355,112,429 181,165,660 1,568,100,849 507,160,311 666,067,546 394,872,992 1,568,100,849 This schedule presents only the capital asset balances related to governmental funds. Accordingly, the capital assets reported in internal service funds are excluded from the above amounts. Generally, the capital assets of internal service funds are included as governmental activities in the Statement of Net Assets. 221 Maricopa County Capital Assets Used in the Operation of Governmental Funds Schedule by Function and Activity 1 June 30, 2002 LAND GENERAL GOVERNMENT County Assessor Board of Supervisors Finance Facilities Management Materials Management Computer Systems Telecommunications Elections Internal Audit Human Resources Recorder Treasurer Total General Government PUBLIC SAFETY Adult Probation Emergency Management Clerk of Superior Court County Attorney Justice Courts Constables Correctional Health Juvenile Court Medical Examiner Planning and Development Public Defender Public Fiduciary Superior Court Sheriff Flood Control Total Public Safety HIGHWAYS AND STREETS Transportation Total Highways and Streets HEALTH, WELFARE AND SANITATION Community Development Human Services Housing Department Environmental Services Animal Control Medical Assistance Program Waste Tire Program Public Health Total Health, Welfare and Sanitation CULTURE AND RECREATION Library Parks and Recreation Bank One Ballpark Operations Sports Authority Total Culture and Recreation EDUCATION Superintendent of Schools Accommodation Schools Total Education Total governmental funds capital assets MACHINERY & EQUIPMENT BUILDINGS $ $ $ 184,163 148,068,084 907,588 21,278,939 898,965 $ 21,278,939 $ $ 150,058,800 $ $ 3,419,324 $ $ $ $ 21,800,104 21,800,104 $ $ 25,725,224 25,725,224 $ $ $ 76,053 2,975,334 495,915 2,117,308 1,706,623 128,352 352,984 1,072,213 8,924,782 $ 1,775,462 3,190,227 $ 96,089 79,652,221 79,652,221 $ $ 159,810 34,534,603 328,649 10,339 6,596,777 27,100 $ 6,623,877 $ $ 47,120,095 $ 1,987,289 37,020,690 6,888,247 6,029,484 335,787,819 $ $ 348,705,550 $ $ $ 258,343 258,343 $ 177,378,461 1 $ $ 12,170,642 34,949,453 $ $ $ $ 7,549,548 20,270,415 191,259 $ $ $ 23,573,232 107,343,048 10,430,325 173,092,248 1,336,568 $ 1,622,162 99,821 74,362 6,249,376 64,559 3,380,581 28,725,548 579,701 18,372 122,075 3,209,054 2,203,007 46,348,618 1,616,543 129,252 3,155,231 4,351,111 1,350,632 512,852 111,267 1,510,878 1,139,009 1,571,920 607,677 79,249 9,357,730 29,146,651 7,866,688 62,506,690 219,008 6,161,590 14,946,828 22,444,986 INFRASTRUCTURE $ $ 5,204,406 5,204,406 $ 735,881,798 23,597 4,989,286 $ 357,036,458 357,036,458 $ $ $ $ 655,696 3,295,108 3,950,804 $ 152,445,404 $ $ 357,036,458 This schedule presents only the capital asset balances related to governmental funds. Accordingly, the capital assets reported in internal service funds are excluded from the above amounts. Generally, the capital assets of internal service funds are included as governmental activities in the Statement of Net Assets. 222 CONSTRUCTION IN PROGRESS $ TOTAL $ 38,931,858 $ 38,931,858 $ $ $ 1,622,162 99,821 258,525 214,528,257 972,147 3,380,581 28,725,548 579,701 18,372 122,075 4,108,019 2,203,007 256,618,215 $ 214,147,839 15,956,173 230,104,012 $ 5,035,867 129,252 3,374,239 4,351,111 10,236,748 512,852 111,267 21,781,293 1,330,268 1,571,920 703,766 79,249 32,930,962 356,799,128 49,200,014 488,147,936 $ $ 92,166,431 92,166,431 $ $ 576,380,438 576,380,438 $ 76,053 3,135,144 45,480,913 2,445,957 1,744,062 128,352 352,984 3,059,502 56,422,967 $ 3,853,618 $ 3,853,618 $ $ $ $ $ $ $ $ $ 655,696 8,757,857 9,413,553 $ 1,787,798,040 $ 365,055,919 8,663,709 21,390,353 370,737,272 23,597 400,814,931 223 Maricopa County Capital Assets Used in the Operation of Governmental Funds Schedule of Changes by Function and Activity 1 For the fiscal year ended June 30, 2002 GOVERNMENTAL FUNDS CAPITAL ASSETS JUNE 30, 2001, RESTATED GENERAL GOVERNMENT County Assessor Board of Supervisors Finance Office of Management & Budget Facilities Management Materials Management Computer Systems Telecommunications Elections Internal Audit Human Resources Recorder Treasurer Non Departmental Total General Government PUBLIC SAFETY Adult Probation Emergency Management Clerk of Superior Court County Attorney Justice Courts Constables Correctional Health Juvenile Court Medical Examiner Planning and Development Public Defender Public Fiduciary Superior Court Sheriff Flood Control Total Public Safety HIGHWAYS AND STREETS Transportation Total Highways and Streets HEALTH, WELFARE AND SANITATION Community Development Human Services Housing Department Environmental Services Animal Control Medical Assistance Program Waste Tire Program Public Health Total Health, Welfare and Sanitation CULTURE AND RECREATION Library Parks and Recreation Bank One Ballpark Operations Sports Authority Total Culture and Recreation EDUCATION Superintendent of Schools Accommodation Schools Total Education TOTAL GOVERNMENTAL FUNDS CAPITAL ASSETS $ ADDITIONS 4,019,287 145,910 267,227 37,610 67,800,105 984,413 2,887,768 21,067,976 407,897 18,372 319,281 4,188,977 2,066,302 156,881,840 261,092,965 $ $ 195,134,865 $ 213,499 19,149 829,175 1,663,463 5,619,079 91,208 20,298 118,655 386,064 212,850 73,638 $ 5,657,596 120,283 3,382,663 4,198,759 9,010,672 552,112 137,299 23,175,806 1,059,888 1,782,824 1,020,879 93,149 35,701,733 192,296,071 22,035,649 300,225,383 $ $ $ $ $ 33,373 DEDUCTIONS $ 26,468 181,136,698 614,974 11,218,205 187,383 1,057,294 296,993 563,478 2,430,498 46,089 35,170 37,610 34,408,546 12,266 122,161 3,560,633 15,579 GOVERNMENTAL FUNDS CAPITAL ASSETS JUNE 30, 2002 $ 1,622,162 99,821 258,525 214,528,257 972,147 3,380,581 28,725,548 579,701 18,372 122,075 4,108,019 2,203,007 1,254,500 377,951 426,773 156,881,840 $ 199,609,616 $ 256,618,215 $ $ $ 5,035,867 129,252 3,374,239 4,351,111 10,236,748 512,852 111,267 21,781,293 1,330,268 1,571,920 703,766 79,249 32,930,962 356,799,128 49,200,014 488,147,936 $ $ 576,380,438 576,380,438 $ 76,053 3,135,144 45,480,913 2,445,957 1,744,062 128,352 352,984 3,059,502 56,422,967 $ 537,188 185,485,027 42,159,136 237,428,429 $ 835,228 10,180 837,599 1,511,111 4,393,003 130,468 46,330 1,513,168 115,684 423,754 390,751 13,900 3,307,959 20,981,970 14,994,771 49,505,876 550,179,370 550,179,370 $ $ 35,873,656 35,873,656 $ $ 9,672,588 9,672,588 76,053 4,339,215 41,639,998 2,840,423 4,762,051 490,953 352,984 4,217,343 58,719,020 $ 8,109,154 16,209,124 364,124,821 23,597 388,466,696 $ 733,416 8,406,223 6,612,451 $ 178,861 3,224,994 $ $ 15,752,090 $ 3,403,855 $ $ 19,766 $ 23,628 $ $ 659,558 8,757,857 9,417,415 $ 19,766 $ 23,628 $ 655,696 8,757,857 9,413,553 $ 1,568,100,849 $ 490,930,178 $ 271,232,987 $ 1,787,798,040 $ $ $ $ $ 646,666 4,993,193 323,216 353,670 158,853 $ 245,773 6,721,371 1,850,737 1,152,278 717,682 3,371,659 521,454 $ 1,403,614 9,017,424 $ 8,663,709 21,390,353 370,737,272 23,597 400,814,931 1 This schedule presents only the capital asset balances related to governmental funds. Accordingly, the capital assets reported in internal service funds are excluded from the above amounts. Generally, the capital assets of internal service funds are included as governmental activities in the Statement of Net Assets. 224 STATISTICAL SECTION Maricopa County Listing of Statistical Information Government-wide Expenses - By Function Government-wide Revenues Government-wide Program Revenues - By Function Government-wide Net (Expense) Revenue - By Function Schedule of Net Assets General Governmental Expenditures - By Function General Governmental Revenues - By Source Governmental Fund Balances General Governmental Tax Revenues - By Source Property Tax - Levies And Collections Property Tax Levies - All Jurisdictions Assessed and Current Market Value of all Taxable Property Property Tax Rates and Tax Levies - Direct and Overlapping Governments - All County Governments Property Tax Rates and Tax Levies - Direct and Overlapping Governments - County Controlled Principal Taxpayers Special Assessment Billings and Collections Computation of Direct and Overlapping General Obligation Bonded Debt Schedule of Legal Debt Limit Comparative Ratio of Bonded Debt to Assessed Values and Bonded Debt Per Capita Ratio of Annual General Obligation Debt Service Requirements for General Bonded Debt to Total Governmental Expenditures Stadium District Revenue Bond Coverage Property Value, Construction and Bank Deposits Salaries and Blanket Bond of Elected County Officials Schedule of Insurance in Force Cactus League Attendance Miscellaneous Statistical Data 227 Maricopa County Government-wide Expenses By Function For the Fiscal Year Ended June 30, 2002 FISCAL YEAR 2001-02 General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Interest on long-term debt Medical Center Arizona Health Care Cost Containment System (AHCCCS) Arizona Long-Term Care System (ALTCS) Other business-type activities Total government-wide expenses by function $ $ 124,501,063 490,943,644 52,464,778 304,220,867 25,453,164 16,675,171 11,557,524 340,556,596 93,168,287 241,654,207 67,406,686 1,768,601,987 Prior to fiscal year 2001-02, government-wide expenses by function is not available due to the initial year of GASB Statement No. 34 presentation. 228 Maricopa County Government-wide Revenues For the Fiscal Year Ended June 30, 2002 FISCAL YEAR 2001-02 Program revenues Charges for services Operating grants and contributions Capital grants and contributions General revenues Taxes Grants and contributions not restricted to specific programs Unrestricted investment earnings Loss on disposal of capital assets Miscellaneous Total government-wide revenues $ $ 850,539,153 209,158,052 2,712,908 958,184,620 8,700,138 35,764,234 (8,959,314) 12,599,918 2,068,699,709 Prior to fiscal year 2001-02, government-wide revenue is not available due to the initial year of GASB Statement No. 34 presentation. 229 Maricopa County Government-wide Program Revenues By Function For the Fiscal Year Ended June 30, 2002 FISCAL YEAR 2001-02 General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Medical Center Arizona Health Care Cost Containment System (AHCCCS) Arizona Long Term Care Center Systems (ALTCS) Other business-type activities Total government-wide program revenues by function $ $ 27,191,391 185,555,857 4,188,239 108,886,976 8,519,157 13,186,683 296,961,351 100,104,747 252,343,614 65,472,098 1,062,410,113 Prior to fiscal year 2001-02, government-wide program revenue by function is not available due to the initial year of GASB Statement No. 34 presentation. 230 Maricopa County Government-wide Net (Expense) Revenue By Function For the Fiscal Year Ended June 30, 2002 FISCAL YEAR 2001-02 General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Interest on long-term debt Medical Center Arizona Health Care Cost Containment System (AHCCCS) Arizona Long-Term Care System (ALTCS) Other business-type activities Total government-wide net (expense) revenue by function $ $ (97,309,672) (305,387,787) (48,276,539) (195,333,891) (16,934,007) (3,488,488) (11,557,524) (43,595,245) 6,936,460 10,689,407 (1,934,588) (706,191,874) Prior to fiscal year 2001-02, government-wide net (expense) revenue by function is not available due to the initial year of GASB Statement No. 34 presentation. 231 Maricopa County Schedule of Net Assets For the Fiscal Year Ended June 30, 2002 FISCAL YEAR 2001-02 NET ASSETS Governmental activities Invested in capital assets net of related debt Restricted Unrestricted $ 1,259,210,540 321,969,019 222,913,694 Business-type activities Invested in capital assets net of related debt Restricted Unrestricted $ 81,077,781 53,752,904 (8,089,795) Total primary government Invested in capital assets net of related debt Restricted Unrestricted $ 1,340,288,321 375,721,923 214,823,899 Prior to fiscal year 2001-02, schedule of net assets is not available due to the initial year of GASB Statement No. 34 presentation. 232 Maricopa County General Governmental Expenditures By Function Last Ten Fiscal Years HEALTH, FISCAL GENERAL PUBLIC HIGHWAYS WELFARE AND YEAR GOVERNMENT SAFETY STREETS SANITATION 1992-93 $ 149,799,633 $ 300,090,886 $ 30,681,790 $ 81,219,166 1993-94 52,739,015 309,338,572 34,267,926 64,626,471 1994-95 161,073,777 311,584,793 42,107,241 68,063,202 1995-96 84,393,672 285,016,888 42,260,676 291,957,283 1996-97 83,288,504 312,469,016 41,937,037 295,239,781 1997-98 76,045,723 338,229,571 38,787,702 335,143,437 1998-99 92,526,980 364,823,901 52,048,136 353,141,055 1999-00 91,629,129 422,453,691 55,450,402 278,987,186 2000-01 101,678,589 459,487,297 59,803,451 295,158,694 2001-02 99,265,465 481,843,123 55,240,772 311,510,932 CULTURE FISCAL AND YEAR RECREATION 1992-93 $ 14,535,168 EDUCATION $ 1,332,882 $ DEBT CAPITAL SERVICE PROJECTS 27,985,940 $ TOTAL 78,780,290 $ 684,425,755 1993-94 22,870,494 1,304,110 20,788,678 77,597,172 1994-95 17,616,014 1,108,972 14,353,255 60,193,852 583,532,438 676,101,106 1995-96 11,686,132 1,113,304 28,658,400 180,419,728 925,506,083 1996-97 35,307,331 1,138,321 30,876,332 242,991,752 1,043,248,074 1997-98 10,681,908 10,810,535 33,042,328 215,297,901 1,058,039,105 1998-99 13,339,246 13,627,432 33,084,610 149,600,384 1,072,191,744 1999-00 15,302,763 17,853,463 31,716,707 181,400,888 1,094,794,229 2000-01 16,312,843 16,552,929 31,768,372 229,743,778 1,210,505,953 2001-02 17,651,564 16,560,263 51,068,866 294,010,771 1,327,151,756 The above amounts include general, special revenue, debt service, and capital projects funds. Year to year fluctuations in General Government and Health, Welfare and Sanitation expenditures can be partially explained by the following table. FISCAL YEAR 1992-93 ALTCS $ 52,200,000 AHCCCS $ 37,700,000 TOTAL $ 89,900,000 FUNCTION General Government 1993-94 49,700,000 45,100,000 94,800,000 1994-95 58,100,000 43,000,000 101,100,000 General Government 1995-96 76,600,000 38,600,000 115,200,000 Health, Welfare and Sanitation 1996-97 73,000,000 38,600,000 111,600,000 Health, Welfare and Sanitation 1997-98 84,260,000 38,660,000 122,920,000 Health, Welfare and Sanitation 1998-99 92,812,000 38,659,000 131,471,000 Health, Welfare and Sanitation 1999-00 93,056,000 38,659,000 131,715,000 Health, Welfare and Sanitation 2000-01 96,130,000 38,659,000 134,789,000 Health, Welfare and Sanitation 2001-02 101,812,000 38,659,000 140,471,000 Health, Welfare and Sanitation 233 Health, Welfare and Sanitation Maricopa County General Governmental Revenues By Source Last Ten Fiscal Years FISCAL YEAR TAXES $ LICENSES INTER- CHARGES FINES AND GOVERNMENTAL FOR AND MISCELLANEOUS TOTAL PERMITS REVENUE SERVICES FORFEITS REVENUES REVENUES 1992-93 $ 241,583,133 47,636,874 $ 6,122,462 $ 24,737,258 1993-94 223,501,878 11,259,000 12,620,995 $ 354,376,651 404,465,304 $ 37,179,540 7,078,224 26,345,351 $ 685,715,378 711,191,292 1994-95 225,445,807 14,940,192 462,100,228 46,188,483 8,474,023 40,461,851 797,610,584 1995-96 234,576,660 12,415,267 565,800,613 47,693,323 9,862,807 38,701,304 909,049,974 1996-97 240,138,668 13,324,933 617,278,173 44,579,250 11,499,560 42,075,258 968,895,842 1997-98 256,680,131 14,882,655 593,963,445 54,295,458 12,460,671 143,116,936 1,075,399,296 1998-99 273,423,421 17,067,513 659,408,934 57,287,860 13,426,857 46,279,528 1,066,894,113 1999-00 296,029,480 22,187,021 783,237,358 62,026,284 14,583,372 49,295,439 1,227,358,954 2000-01 316,624,353 23,688,768 803,712,695 65,836,359 14,908,415 65,397,496 1,290,168,086 2001-02 343,037,203 26,106,311 831,668,101 68,770,386 15,776,099 69,879,317 1,355,237,417 The above amounts include general, special revenue, debt service, and capital projects funds. During the last ten years, intergovernmental revenue has been affected by a .25% sales tax that was imposed on April 1, 1995, and ended on December 1, 1997, for the construction of the Arizona Diamondbacks Major League Baseball Stadium. Additionally, on January 1, 1999, a .20% sales tax was imposed and continues for the construction and operation of an adult and juvenile detention facilities. 234 Maricopa County Governmental Fund Balances Last Ten Fiscal Years FISCAL YEAR 1992-93 GENERAL FUND $ (4,330,990) TRANSPORTATION $ 32,663,619 $ FLOOD JAIL GENERAL CONTROL OPERATIONS OBLIGATIONS 29,925,908 $ N/A $ 714,516 1993-94 11,197,676 34,012,512 17,234,647 N/A 9,957,983 1994-95 21,519,184 45,054,136 14,394,025 N/A 2,671,278 1995-96 60,884,599 44,230,190 16,893,478 N/A 478,731 1996-97 81,520,328 66,162,762 20,909,403 N/A 1,712,018 1997-98 119,759,685 61,815,128 36,191,448 N/A 1,212,057 1998-99 145,038,481 51,054,973 36,144,763 32,338,504 1,240,000 1999-00 160,804,655 38,506,186 25,367,983 21,069,426 0 2000-01 161,202,389 21,265,123 11,229,501 13,345,478 0 2001-02 254,122,264 31,053,721 18,922,990 27,226,636 773,917 OTHER TOTAL FISCAL LEASE JAIL COUNTY GOVERNMENTAL GOVERNMENTAL YEAR REVENUE CONSTRUCTION IMPROVEMENT FUNDS FUND BALANCES 1992-93 $ N/A $ N/A $ N/A $ 21,079,880 $ 80,052,933 1993-94 N/A N/A N/A 45,133,403 117,536,221 1994-95 N/A N/A N/A 64,772,653 148,411,276 1995-96 N/A N/A N/A 56,339,026 178,826,024 1996-97 N/A N/A N/A (1,669,894) 168,634,617 1997-98 N/A N/A N/A 48,404,610 267,382,928 1998-99 N/A 10,609,244 N/A 55,728,483 332,154,448 1999-00 N/A 101,936,868 N/A 114,106,149 461,791,267 2000-01 123,383,762 153,420,528 78,417,432 85,261,536 647,525,749 2001-02 110,233,780 83,191,803 55,305,751 92,705,410 673,536,272 All funds are reported in the year established. 235 Maricopa County General Governmental Tax Revenues By Source Last Ten Fiscal Years FISCAL YEAR GENERAL PROPERTY TAX 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 $ 241,583,133 223,501,878 225,445,807 234,576,660 240,138,668 256,680,131 273,423,421 296,029,480 316,624,353 343,037,203 FISCAL YEAR BASEBALL STADIUM TAX 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 $ N/A N/A 18,882,306 87,061,164 96,058,301 42,238,411 386,396 258,303 278,259 128,498 STATE SALES TAX $ 176,925,962 194,846,044 215,015,368 231,009,128 242,352,311 257,643,630 279,812,954 309,009,200 322,429,593 325,728,202 VEHICLE LICENSE TAX $ 41,074,451 48,861,161 53,450,464 53,481,261 64,600,858 68,309,110 84,021,288 94,431,066 100,019,454 106,115,829 RENTAL CAR SURCHARGE $ N/A N/A 4,466,598 4,906,873 5,344,085 5,387,983 5,428,828 5,722,238 5,637,184 5,407,664 JAIL TAX $ N/A N/A N/A N/A N/A N/A 41,480,614 91,984,716 97,752,375 98,177,716 HIGHWAY USER FUEL TAX $ 55,922,890 57,901,673 63,227,494 68,763,760 73,249,850 67,408,288 72,392,313 77,317,632 78,243,269 78,285,210 STREET LIGHTING ASSESSMENTS $ N/A N/A 3,024,254 2,312,428 2,502,073 2,799,824 2,809,062 1,934,600 3,612,549 3,505,969 The Vehicle License Tax for fiscal year 1997-98 and all subsequent years, have a combined amount from the General and Transportation Funds. The Baseball Stadium Tax ended in November 1997, but small amounts continue to be remitted on delinquent tax returns. The Rental Car Surcharge and Street Lighting Assessments are not available prior to fiscal year 1994-95. 236 Maricopa County Property Tax Levies And Collections Last Ten Fiscal Years CURRENT PERCENT FISCAL TOTAL TAX OF LEVY TAXES YEAR TAX LEVY COLLECTIONS COLLECTED COLLECTED 1992-93 $ 210,713,325 $ DELINQUENT 198,645,975 94.3% 1993-94 206,382,123 198,088,983 96.0 $ 11,351,347 4,326,199 1994-95 206,250,696 196,800,826 95.4 3,671,323 1995-96 214,404,513 210,726,586 98.3 3,228,612 1996-97 221,234,454 216,526,935 97.9 4,445,570 1997-98 239,451,423 234,374,998 97.9 4,141,830 1998-99 257,557,253 250,203,739 97.1 4,280,040 1999-00 279,978,758 271,213,222 96.9 4,698,681 2000-01 302,546,405 293,116,900 96.9 5,289,728 2001-02 327,717,255 316,700,603 96.6 6,196,468 TOTAL DELINQUENT COLLECTIONS TOTAL AS A TAXES AS A DELINQUENT PERCENT OF FISCAL PREPAID TAX PERCENT TAXES CURRENT YEAR TAXES COLLECTIONS OF LEVY RECEIVABLE LEVY 1992-93 211,565,378 100.4% 9,070,092 4.3% 1993-94 $ 1,568,056 988,342 $ 203,403,524 98.6 $ 5,265,240 2.6 1994-95 731,514 201,203,663 97.6 5,592,605 2.7 1995-96 1,142,574 215,097,772 100.3 3,944,568 1.8 1996-97 1,453,561 222,426,066 100.5 4,169,498 1.9 1997-98 1,458,893 239,975,721 100.2 5,668,507 2.4 1998-99 1,513,450 255,997,229 99.4 5,488,792 2.1 1999-00 1,605,527 277,517,430 99.1 6,865,950 2.5 2000-01 351,309 298,757,938 98.7 7,745,244 2.6 2001-02 276,107 323,173,178 98.6 9,538,579 2.9 The levy for unsecured personal property tax is based on an estimate of the assessed value. As a result, collections often vary from the levy. To show a more accurate portrayal of delinquencies (levy less collections), delinquencies for unsecured personal property tax have been excluded. Source: Maricopa County Department of Finance - Property Tax Division. 237 Maricopa County Property Tax Levies All Jurisdictions Last Ten Fiscal Years FISCAL COUNTY DEBT FLOOD YEAR OPERATING SERVICE CONTROL 1992-93 $ 146,115,141 $ 19,461,200 $ 39,254,429 25,360,203 35,142,441 TOTAL LIBRARY $ 5,882,555 5,631,213 COUNTY $ 210,713,325 1993-94 140,248,266 206,382,123 1994-95 164,865,317 428,377 35,318,672 5,638,330 206,250,696 1995-96 156,257,472 20,670,863 36,078,354 1,397,824 214,404,513 1996-97 154,487,036 22,590,472 38,118,477 6,038,469 221,234,454 1997-98 169,045,638 21,446,852 42,339,342 6,619,593 239,451,425 1998-99 183,750,071 22,058,679 44,670,223 7,078,280 257,557,253 1999-00 207,540,697 20,264,361 44,310,754 7,862,946 279,978,758 2000-01 225,396,514 24,051,128 44,309,245 8,789,518 302,546,405 2001-02 252,676,223 20,071,906 45,322,696 9,646,430 327,717,255 COUNTY AS A FISCAL ALL OTHER YEAR JURISDICTIONS PERCENT OF TOTAL TOTAL LEVY 1992-93 $ 1,409,181,726 $ 1,619,895,051 1993-94 1,424,936,081 1,631,318,204 13.0% 12.7 1994-95 1,464,890,951 1,671,141,647 12.3 1995-96 1,589,746,968 1,804,151,481 11.9 1996-97 1,513,011,257 1,734,245,711 12.8 1997-98 1,676,553,842 1,916,005,267 12.5 1998-99 1,807,712,694 2,065,269,947 12.5 1999-00 1,954,117,165 2,234,095,923 12.5 2000-01 2,129,151,025 2,431,697,430 12.4 2001-02 2,291,283,803 2,619,001,058 12.5 The levy for education equalization, formerly reported as part of the County levy (through fiscal year 1992-93), has been reclassified as an other jurisdiction levy to conform with the rest of the financial statements. The Equalization levy is a legally mandated tax that is distributed to school districts. Refunding of general obligation debt in fiscal year 1993-94 resulted in a decrease to the secondary tax rate (Debt Service) and an increase to the primary tax rate (County Operating). 238 Maricopa County Assessed and Current Market Value of all Taxable Property (in thousands of dollars) Last Ten Fiscal Years SECURED PROPERTY VALUES FISCAL CURRENT YEAR 1992-93 UNSECURED PROPERTY VALUES ASSESSED $ 12,445,915 CURRENT MARKET $ ASSESSED 91,766,875 $ 1,362,899 MARKET $ 5,043,287 1993-94 12,300,837 90,277,507 1,203,271 1994-95 12,072,197 91,542,251 1,448,978 6,344,921 1995-96 13,322,347 100,603,839 797,088 4,722,441 1996-97 13,568,692 103,760,455 774,464 4,173,257 1997-98 14,854,238 115,551,926 869,260 4,724,629 1998-99 15,891,850 122,914,557 921,167 5,256,748 1999-00 17,749,278 137,565,447 927,553 5,226,790 2000-01 19,813,298 155,135,573 1,064,418 5,771,414 2001-02 21,748,902 174,348,240 1,164,233 6,304,806 TOTAL PROPERTY VALUES FISCAL YEAR 1992-93 ASSESSED $ 13,808,814 $ 5,328,743 TOTAL ASSESSED VALUE CURRENT AS A PERCENTAGE OF MARKET TOTAL MARKET VALUE 96,810,162 14.3% 1993-94 13,504,108 95,606,250 14.1 1994-95 13,521,175 97,887,172 13.8 1995-96 14,119,435 105,326,280 13.4 1996-97 14,343,156 107,933,712 13.3 1997-98 15,723,498 120,276,555 13.1 1998-99 16,813,017 128,171,305 13.1 1999-00 18,676,831 142,792,237 13.1 2000-01 20,877,716 160,906,987 13.0 2001-02 22,913,135 180,653,046 12.7 The decrease in unsecured assessed values in fiscal year 1995-96 is due primarily to the impact of State legislation, which reduced the assessment ratios for personal property. 239 Maricopa County Property Tax Rates and Tax Levies Direct and Overlapping Governments - All County Governments Last Ten Fiscal Years TAX RATES FISCAL YEAR 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 COUNTY CONTROLLED 1.6475 1.6475 1.6475 1.6475 1.6475 1.6475 1.6475 1.6248 1.5748 1.5448 FISCAL YEAR 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 OTHER SPECIAL DISTRICTS 0 - 3.9353 0 - 3.9348 0 - 3.9334 0 - 3.9254 1 - 6.4642 0 - 4.3496 0 - 3.4931 0 - 2.9871 0 - 3.3260 0 - 4.0000 STATE OF ARIZONA 0.4700 0.4700 0.4700 0.4700 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 COMMUNITY COLLEGE DISTRICT 0.8510 0.8532 0.8934 1.1130 1.0476 1.1346 1.1125 1.1285 1.1194 1.1107 CENTRAL ARIZONA WATER CONSERVATION DISTRICT 0.1400 0.1400 0.1400 0.1400 0.1400 0.1400 0.1400 0.1400 0.1300 0.1300 EDUCATION EQUALIZATION 0.5300 0.5300 0.5300 0.5300 0.5300 0.5300 0.5300 0.5217 0.5123 0.4974 SCHOOL DISTRICTS .0862 - 9.5650 .1285 - 18.9866 .1356 - 10.2650 .0842 - 11.9754 .1131 - 10.2185 .8314 - 12.0368 .1141 - 10.6396 .2751 - 10.0452 .1186 - 9.4925 .1120 - 9.2148 0 0 0 0 0 0 0 0 0 0 CITIES - 2.1786 - 2.3850 - 2.9563 - 2.8989 - 2.2074 - 2.2011 - 2.2011 - 2.2512 - 2.0816 - 2.2390 All tax rates are per $100 assessed valuation. TAX LEVIES FISCAL YEAR 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 COUNTY CONTROLLED $ 210,713,325 206,382,123 206,250,696 214,404,513 221,234,454 239,451,423 257,557,253 279,978,758 302,546,405 327,717,255 FISCAL YEAR 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 OTHER SPECIAL DISTRICTS 99,038,330 96,551,845 94,907,843 93,108,561 72,827,379 63,159,938 68,476,018 67,713,342 76,009,063 73,277,211 $ $ STATE OF ARIZONA 63,945,919 62,492,117 62,520,935 63,420,563 0 0 0 0 0 0 COMMUNITY COLLEGE DISTRICT $ 115,902,567 113,440,000 118,841,866 151,227,097 146,669,820 171,402,574 179,200,267 198,948,746 219,019,925 239,578,569 EDUCATION EQUALIZATION $ 72,109,227 70,469,834 70,502,331 71,516,805 74,071,041 79,533,234 84,891,508 91,109,039 99,193,054 106,221,394 SCHOOL DISTRICTS $ 888,371,856 912,006,892 944,958,494 1,025,829,866 1,033,216,078 1,156,474,971 1,255,263,520 1,353,201,602 1,470,899,295 1,580,591,708 CENTRAL ARIZONA WATER CONSERVATION DISTRICT $ 19,332,340 18,905,751 18,929,645 19,767,209 20,080,420 22,012,897 23,536,796 26,147,563 27,141,030 29,787,075 $ CITIES 150,481,484 151,069,642 154,229,837 158,876,867 166,146,519 183,970,230 196,344,584 216,996,873 236,602,131 261,827,846 The levy for education equalization, which was formerly reported as a County levy, is now shown separately. The equalization levy is a legally mandated tax, distributed to school districts. 240 Maricopa County Property Tax Rates and Tax Levies Direct and Overlapping Governments - County Controlled Last Ten Fiscal Years COUNTY CONTROLLED TAX RATES FISCAL YEAR COUNTY OPERATING DEBT SERVICE FLOOD CONTROL DISTRICT 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 1.0739 1.0548 1.2394 1.1580 1.1054 1.1265 1.1472 1.1884 1.1641 1.1832 0.1409 0.1878 0.0032 0.1464 0.1575 0.1364 0.1312 0.1085 0.1152 0.0876 0.3901 0.3632 0.3632 0.3332 0.3425 0.3425 0.3270 0.2858 0.2534 0.2319 0.0426 0.0417 0.0417 0.0099 0.0421 0.0421 0.0421 0.0421 0.0421 0.0421 1.6475 1.6475 1.6475 1.6475 1.6475 1.6475 1.6475 1.6248 1.5748 1.5448 FLOOD CONTROL DISTRICT COUNTY LIBRARY TOTAL COUNTY COUNTY LIBRARY TOTAL COUNTY All tax rates are per $100 assessed valuation. TAX LEVIES FISCAL YEAR 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 COUNTY OPERATING $ 146,115,141 140,248,266 164,865,317 156,257,472 154,487,036 169,045,638 183,750,071 207,540,697 225,396,514 252,676,223 DEBT SERVICE $ 19,461,200 25,360,203 428,377 20,670,863 22,590,472 21,446,852 22,058,679 20,264,361 24,051,128 20,071,906 $ 241 39,254,429 35,142,441 35,318,672 36,078,354 38,118,477 42,339,342 44,670,223 44,310,754 44,309,245 45,322,696 $ 5,882,555 5,631,213 5,638,330 1,397,824 6,038,469 6,619,593 7,078,280 7,862,946 8,789,518 9,646,430 $ 210,713,325 206,382,123 206,250,696 214,404,513 221,234,454 239,451,425 257,557,253 279,978,758 302,546,405 327,717,255 Maricopa County Principal Taxpayers 2001-02 SECONDARY VALUATION TAXPAYER COUNTY'S 2001-02 SECONDARY ASSESSED VALUATION PERCENTAGE (%) Arizona Public Service Qwest / US West Southern California Edison Company Motorola El Paso Electric Company Southwest Gas Corporation Intel Corporation Public Service Company of New Mexico AT&T Cox Communication Southern California Public Power Authority Scottsdale Fashion Square Partnership MCI Worldcom Safeway Inc. WalMart Target Sheraton Corp Albertsons Wells Fargo Arizona MSA City of Los Angeles Dept. of Water & Power Honeywell First American Tax Valuation Arizona Mills LLC First American Title Phoenix Newspapers Inc Phoenix SP Hilton $ 692,140,346 365,985,185 169,400,620 142,149,454 142,067,483 121,237,144 108,498,798 80,746,508 77,432,255 65,991,170 65,570,107 49,837,135 44,653,734 42,791,179 41,375,709 41,312,611 37,484,477 36,233,223 35,717,589 34,472,010 33,974,368 27,624,413 27,538,052 25,283,920 23,111,258 19,453,817 14,982,812 3.02% 1.60 0.74 0.62 0.62 0.53 0.47 0.35 0.34 0.29 0.29 0.22 0.19 0.19 0.18 0.18 0.16 0.16 0.16 0.15 0.15 0.12 0.12 0.11 0.10 0.08 0.07 Total Principal Taxpayers $ 2,567,065,377 11.21% Countywide Secondary Valuation $ 22,913,134,480 100.00% Source: Treasurer's Office, Maricopa County. 242 Maricopa County Special Assessment Billings and Collections Last Ten Fiscal Years SPECIAL ASSESSMENT BILLING FISCAL YEAR 1992-93 $ 334,264 SPECIAL ASSESSMENTS COLLECTED (1) $ 511,883 1993-94 270,078 591,769 1994-95 191,244 172,671 1995-96 197,874 298,976 1996-97 169,946 263,862 1997-98 175,052 528,178 1998-99 194,717 456,057 1999-00 154,258 351,564 2000-01 104,708 174,328 2001-02 112,821 185,970 (1) Includes assessments paid prior to billing date, which are used for early redemption of bonds. 243 Maricopa County Computation of Direct and Overlapping General Obligation Bonded Debt For the Fiscal Year Ended June 30, 2002 Maricopa County general obligation debt Less amount available for retirement of general obligation debt Net general obligation debt $ 58,370,000 (773,917) 57,596,083 Overlapping debt: School Districts Cities and Towns Special Districts 2,792,971,305 1,654,589,233 454,294,388 Total overlapping debt 4,901,854,926 Total direct general obligation and overlapping debt 244 $ 4,959,451,009 Maricopa County Schedule of Legal Debt Limit For the Fiscal Year Ended June 30, 2002 Assessed value of real and personal property $ 22,913,134,480 Debt limit, 15 percent of assessed value (Constitutional limit) $ 3,436,970,172 245 Maricopa County Comparative Ratio of Bonded Debt to Assessed Values and Bonded Debt Per Capita Last Ten Fiscal Years FISCAL YEAR POPULATION (1) ASSESSED VALUE OF TAXABLE PROPERTY 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2,233,700 2,291,200 2,355,900 2,551,765 2,634,625 2,720,575 2,806,100 2,879,492 3,072,149 3,192,125 $ 13,808,814,077 13,504,107,816 13,521,174,915 14,119,434,946 14,343,156,861 15,723,498,194 16,813,017,261 18,676,830,848 20,877,715,546 22,913,134,480 FISCAL YEAR 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 AMOUNT AVAILABLE FOR RETIREMENT OF GENERAL OBLIGATION DEBT $ 714,516 9,957,983 2,671,278 478,731 1,712,018 1,212,057 1,240,000 0 0 773,917 NET BONDED DEBT $ 163,035,484 159,442,017 166,843,722 154,076,269 135,502,982 117,832,943 98,670,000 79,595,000 58,205,000 57,596,083 BONDS PAYABLE $ 163,750,000 169,400,000 169,515,000 154,555,000 137,215,000 119,045,000 99,910,000 79,595,000 58,205,000 58,370,000 BONDED DEBT AS PERCENTAGE OF ASSESSED VALUE 1.18% 1.18 1.23 1.09 0.94 0.75 0.59 0.43 0.28 0.25 BONDED DEBT PER CAPITA $ 72.99 69.59 70.82 60.38 51.43 43.31 35.16 27.64 18.95 18.04 (1) Source: Department of Economic Security. Data from this source for previous years is subject to periodic update. 246 Maricopa County Ratio of Annual General Obligation Debt Service Requirements for General Bonded Debt to Total Governmental Expenditures Last Ten Fiscal Years FISCAL YEAR PRINCIPAL PAYMENTS 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 $ 13,300,000 7,835,000 14,960,000 17,340,000 18,170,000 19,135,000 20,315,000 21,390,000 18,855,000 TOTAL DEBT SERVICE INTEREST $ 9,308,788 8,873,375 10,176,909 9,416,838 8,627,593 7,754,745 6,828,695 5,635,275 4,551,675 2,800,552 $ 22,608,788 16,708,375 10,176,909 24,376,838 25,967,593 25,924,745 25,963,695 25,950,275 25,941,675 21,655,552 TOTAL GENERAL GOVERNMENTAL EXPENDITURES $ 684,425,755 583,532,438 676,101,106 925,506,083 1,043,248,074 1,058,039,105 1,072,191,744 1,094,794,229 1,210,505,953 1,327,151,756 RATIO 3.3% 2.9 1.5 2.6 2.5 2.5 2.4 2.4 2.1 1.6 The above amounts include general, special revenue, debt service, and capital projects funds. General obligation bonds reported in the special assessment debt with government commitment have been excluded. Bond issuance and other costs have also been excluded. The absence of principal payments in fiscal years 1994-95 is due to the advanced refunding of the outstanding Maricopa County general obligation bonds. This refunding allowed the County to restructure its general obligation bond payments so that no principal payments would be required in fiscal year 199495. 247 Maricopa County Stadium District Revenue Bond Coverage Last Ten Fiscal Years NET REVENUE AVAILABLE FISCAL GROSS FOR DEBT YEAR REVENUE SERVICE (1) 1992-93 $ 2,967,725 $ 2,589,602 DEBT SERVICE REQUIREMENTS PRINCIPAL $ INTEREST 0 $ 0 $ TOTAL 0 GROSS NET COVERAGE COVERAGE NA NA 1993-94 4,082,671 12,117,665 390,000 1,491,279 1,881,279 217% 644% 1994-95 5,561,045 8,508,784 420,000 2,469,910 2,889,910 192% 294% 1995-96 5,239,274 8,572,192 1,300,000 2,448,910 3,748,910 140% 229% 1996-97 8,776,890 12,490,055 1,460,000 2,941,961 4,401,961 199% 284% 1997-98 7,079,357 9,756,245 2,594,815 3,995,066 6,589,881 107% 148% 1998-99 5,972,846 8,987,531 3,400,500 3,381,131 6,781,631 88% 133% 1999-00 5,911,689 9,374,409 3,285,426 2,207,768 5,493,194 108% 171% 2000-01 5,909,719 9,743,378 2,607,216 3,078,606 5,685,822 104% 171% 2001-02 4,172,913 8,188,248 1,620,168 1,593,307 3,213,475 130% 255% (1) Net revenue available for debt service consists of gross revenues plus beginning fund balance less expenditures not covered by bond proceeds and all transfers not applicable to debt retirement. Fund balance is included in net revenue since it represents unexpended pledged revenues. 248 Maricopa County Property Value, Construction and Bank Deposits (in thousands of dollars) Last Ten Years CURRENT MARKET PROPERTY VALUES YEAR 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 COMMERCIAL $ 19,535,716 19,378,969 18,995,968 20,259,834 20,497,121 21,975,970 24,209,802 27,958,797 33,130,543 36,021,340 INDUSTRIAL $ 32,862,589 31,043,712 30,884,588 32,028,834 32,153,084 32,857,804 34,870,631 38,517,369 42,949,664 48,866,086 RESIDENTIAL $ 44,411,857 45,183,569 48,006,616 53,037,612 55,283,506 65,442,782 69,090,872 76,316,071 84,826,780 95,765,620 TOTAL $ 96,810,162 95,606,250 97,887,172 105,326,280 107,933,711 120,276,556 128,171,305 142,792,237 160,906,987 180,653,046 CONSTRUCTION (1) COMMERCIAL YEAR # OF UNITS 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 1,946 4,170 3,205 2,741 3,371 4,325 3,606 3,939 4,099 3,793 VALUE $ 550,345 547,667 959,539 1,043,978 1,422,483 1,840,334 2,230,445 1,878,629 2,144,767 2,256,850 INDUSTRIAL # OF UNITS 107 129 132 201 356 242 264 198 209 143 $ RESIDENTIAL VALUE # OF PERMITS 39,244 50,139 145,310 413,835 788,083 233,598 378,141 210,676 253,472 345,985 26,085 28,409 35,458 37,474 38,129 40,561 45,712 47,106 42,205 42,847 VALUE $ 2,159,845 2,432,682 3,209,240 3,199,942 3,508,538 3,943,544 4,778,571 5,142,869 4,774,188 5,088,241 NOTE: Construction figures exclude other construction, such as sheds, fences, signs, and other land improvements. (1) Source: “Arizona Business” Arizona Real Estate Center, Arizona State University. (2) Source: Arizona Banker’s Association. 249 (2) BANK DEPOSITS $ 19,358,015 19,485,966 20,017,167 21,171,950 17,806,183 20,296,620 24,940,253 22,330,881 27,336,883 27,859,411 Maricopa County Salaries and Blanket Bond of Elected County Officials For Fiscal Year Ended June 30, 2002 ANNUAL SALARY $ 54,600 54,600 96,600 54,600 54,600 60,000 78,750 54,600 120,750 108,675 96,600 90,563 51,922 TITLE Board of Supervisors Assessor County Attorney Recorder School Superintendent Clerk of the Superior Court Sheriff Treasurer Superior Court Judge Court Commissioners Court Commissioners Court Commissioners Court Commissioners Justices of the Peace Precinct 2432-2457 Precinct 2431,2451 Precinct 2437 Precinct 2444 Constables Precinct 2431 – 2457 Precinct 2437 Precinct 2439,2440,2441,2442,2445,2449 (1) Source: 84,531 78,478 53,415 75,745 (1) (1) (1) (1) (1) (1) (1) (2) BLANKET BOND (3) $ 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 (2) (2) (2) (2) 44,158 12,459 48,277 A.R.S. §11-419 Defined Salary. (2) Maricopa County is reimbursed for a portion of these salaries by the State of Arizona. (3) Source: Department of Risk Management, Maricopa County. 250 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 Maricopa County Schedule of Insurance in Force For the Fiscal Year Ended June 30, 2002 POLICY TYPE INSURER POLICY NUMBER POLICY DATES 3ZH12078902 3/1/02 to 3/1/03 $ $ $ 5,000,000 Limit 5,000,000 Aggregate 2,000,000 SIR 9190000044 3/1/02 to 3/1/03 $ $ $ 5,000,000 Limit, excess or 5,000,000 Limit, excess of 2,000,000 SIR DEDUCTIBLE/SIR General Liability Auto Liability Errors & Omissions Specialty Surplus Insurance Co. Following Form Excess Liability North River Insurance Co. Property/Inland Marine Allianz Insurance Co. CLP30000887 7/1/01 to 7/1/02 $ 666,176,639 Blanket Buildings & Contents $ 100,000 Deductible $ 100,000,000 Boiler & Machinery $ 100,000 Deductible $ 100,000,000 Earthquake Limit $ 100,000 Deductible $ 100,000,000 Flood Zone B&C Limit $ 10,000,000 Flood Zone A Limit $ 250,000 Deductible Difference in Condition Insurance Co. of the West XHO170119002 7/1/01 to 7/1/02 $ 10,000,000 excess $ 10,000,000 underlying Difference in conditions including flood, excluding earthquake Difference in Condition American Alliance Insurance Co. CPP5746645 7/1/01 to 7/1/02 $ 6,000,000 part of $10,000,000 excess $20,000,000 Difference in conditions including flood, excluding earthquake Difference in Condition Greenwich Insurance Co. ACG3346645 7/1/01 to 7/1/02 $ 4,000,000 part of $10,000,000 excess $20,000,000 Difference in conditions including flood, excluding earthquake Difference in Condition Westchester Fire Insurance Co. IXL4932690 7/1/01 to 7/1/02 $ 20,000,000 excess $30,000,000 Difference in conditions including flood, excluding earthquake Crime National Union Fire Insurance Co. 2140194 2/28/02 to 2/28/03 $ 10,000,000 Employee Dishonesty $ 10,000,000 Faithful Performance of Duty $ 50,000 Deductible plus 10% Co-Insurance $ 1,000,000 Theft & Robbery $ 5,000 Deductible $ 10,000,000 Computer & Wire Transfer Fraud $ 50,000 Deductible $ 1,000,000 Forgery $ 5,000 Deductible Hull & Liability Westchester Fire Insurance Co. ACL669978 7/1/01 to 7/1/02 $ 20,000,000 Limit $ 20,000,000 Personal Injury $5,000/35,000Medical Payment each person/aggregate Aviation OL&T/Premises Westchester Fire Insurance Co. APL687699 7/1/01 to 7/1/02 $ 20,000,000 Limit $ 100,000 Fire Legal Liability $ 5,000 Medical Expenses Excess Workers’ Compensation and Employer’s Liability National Union Fire Insurance Co. of Pittsburgh, PA 4161304 7/1/01 to 7/1/02 $ $ Self-Insurers Guaranty Lumbermen’s Mutual 9/10/01 $ 3S91864800 251 WC Statutory 1,000,000 EL 250,000 SIR 250,000 Limit Maricopa County Schedule of Insurance in Force (Continued) For the Fiscal Year Ended June 30, 2002 POLICY TYPE INSURER Bond Casualty Co. Medical Malpractice and Liability American Continental Ins. Co. Excess Medical Malpractice American Continental Ins. Co. Medical Malpractice and Liability POLICY NUMBER POLICY DATES DEDUCTIBLE/SIR to 9/10/02 Continued until cancelled Annual Installment 00L661/ 0D0950061 12/4/00 to 12/4/01 $ 10,000,000 Limit $ 10,000,000 Aggregate $ 1,000,000 SIR Retro Date 7/1/85 00V661/ 0D0950062 12/4/00 to 12/4/01 $ 15,000,000 Limit $ 15,000,000 Aggregate Excess of $10,000,000 primary Retro Date 7/1/85 Lexington Insurance Co. 6790645 12/4/01 to 12/4/02 $ 15,000,000 Limit $ 15,000,000 Aggregate $ 2,000,000 SIR Retro Date 12/4/01 Express Medical Malpractice Executive Risk Specialty Insurance Co. 81688568 12/4/01 to 12/4/02 $ 10,000,000 Limit $ 10,000,000 Aggregate Excess of $15,000,000 primary Retro date 12/4/01 Accident Policy Medical Center Volunteers Hartford Life & Accident Co. 59SR351515 3/1/02 to 3/1/03 $ $ $ $ 1,000 2,500 1,000 250 Accident Policy Head Start/Early Head Start Children & Adult Volunteers Hartford Life & Accident Co. 59SR351525 6/1/01 to 6/1/02 $ $ $ $ 2,000 10,000 10,000 250 Accidental Death Accidental Dismemberment Medical Expense Maximum Dental Limit Accident Policy All Training Centers Volunteers Hartford Life & Accident Co. 59SR352110 7/1/01 to 7/1/02 $ $ $ $ 2,500 2,500 2,500 250 Accidental Death Accidental Dismemberment Medical Expense Maximum Dental Limit Accident Policy Sheriff’s Department Jail Volunteers Hartford Life & Accident Co. 59SR352131 10/1/01 to 10/1/02 $ $ $ $ 3,000 10,000 10,000 250 Accidental Death Accidental Dismemberment Accident Medical Expense Maximum Dental Limit Provider Reimbursements TIG Insurance Co. 38859440 01/01/02 to 01/01/03 Excess/Stop Loss coverage for Health Select Plan Owners Protective Professional Identity Steadfast Insurance Co. EOC3741267 252 04/13/00 to 12/31/05 Accidental Death Accidental Dismemberment Medical Expense Maximum Dental Limit $ 25,000,000 each claim $ 25,000,000 aggregate $ 100,000 SIR/$200,000 aggregate SIR full prior acts Maricopa County Cactus League Attendance Last Five Years The following numbers demonstrate the Cactus League attendance for the past 5 years: CACTUS LEAGUE ATTENDANCE 2002 Arizona Diamondbacks (1) California Angels Chicago Cubs Chicago White Sox (2) Colorado Rockies Milwaukee Brewers Oakland Athletics San Diego Padres San Francisco Giants Seattle Mariners TOTAL 2001 2000 1999 1998 147,449 85,571 154,617 87,670 68,314 78,131 96,232 91,170 130,830 156,047 95,208 80,535 147,749 67,203 65,269 68,673 89,422 74,498 122,966 124,553 93,162 86,005 136,408 79,526 63,723 68,813 84,839 97,238 100,023 107,611 104,435 67,797 171,651 87,742 66,594 77,286 76,791 108,036 116,479 117,295 149,077 68,836 134,329 73,434 80,749 63,625 74,255 85,980 105,726 117,411 1,096,031 936,076 917,348 994,106 953,422 (1) Inaugural Major League Season in 1998. (2) 1998 was the 1st year in Cactus League; previously in Grapefruit League. CACTUS LEAGUE FACILITIES FACILITY TENANTS Fitch Park – Mesa Chicago Cubs Hi Corbett Field – Tucson Colorado Rockies Hohokam Park – Mesa Chicago Cubs Indian Bend Park – Scottsdale San Francisco Giants Maryvale Baseball Park - Phoenix Milwaukee Brewers Papago Baseball Facility - Phoenix Oakland Athletics Peoria Sports Complex - Peoria San Diego Padres & Seattle Mariners Phoenix Municipal Stadium - Phoenix Oakland Athletics Scottsdale Stadium – Scottsdale San Francisco Giants Tempe Diablo Stadium - Tempe California Angels Tucson Electric Park – Tucson Arizona Diamondbacks & Chicago White Sox 253 Maricopa County Miscellaneous Statistical Data For the Fiscal Year Ended June 30, 2002 Geographical location Maricopa County is located in the south-central portion of the State of Arizona. Its boundaries enclose the greater metropolitan Phoenix area, which is principally comprised of the cities of Phoenix, Tempe, Mesa, Scottsdale, Glendale, Chandler and the town of Paradise Valley. Topographical diversity characterizes the County. There are low mountain ranges, desert valleys and manmade lakes. The County seat, Phoenix, is the capital of Arizona. Altitude 1,117 feet Area of the County: Incorporated area Unincorporated area 9,222 square miles 1,441 square miles (15.6%) 7,781 square miles (84.4%) Form of government Governed by five-member Board of Supervisors Date formed 1871 Fiscal year begins July 1 Registered voters 1,296,457 as of July 2002 Number voting 723,867 General Election, November 2002 Percent voting 55% in General Election, November 2002 Number of judicial courts: Superior court departments Justice of peace courts 91 23 Miles of County maintained roads: Miles of road Miles of road with paved surfaces Number of major bridges Number of total bridges 5,823 4,421 25 258 Number of County park facilities: Regional County parks Recreation areas County managed golf courses Total acres managed Conservation areas 5 4 3 119,295 1 254 Maricopa County Miscellaneous Statistical Data (Continued) Last Ten Fiscal Years COUNTY EMPLOYEES-GENERAL GOVERNMENT YEAR NUMBER OF EMPLOYEES 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 PERCENT INCREASE (DECREASE) 12,632 13,314 13,121 13,128 13,475 14,076 13,989 13,623 15,117 15,741 6.2% 5.4 (1.4) 0.1 2.6 4.5 (.6) (2.6) 11.0 4.1 NUMBER OF EMPLOYEES PER THOUSAND OF CAPITA 5.6% 5.8 5.6 5.1 5.1 5.2 5.0 4.6 4.9 4.9 UNEMPLOYMENT RATE (1) YEAR COUNTY 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 4.8% 5.0 4.1 3.3 3.6 2.6 2.9 2.3 3.7 5.0 STATE 6.0% 6.4 5.3 5.3 5.5 4.2 4.2 3.9 4.7 5.5 UNITED STATES 7.0% 6.0 5.7 5.3 5.4 4.7 4.4 4.1 4.5 5.5 (1) Source: Department of Economic Security, Population and Statistical Unit, Research Administration. 255 Maricopa County Miscellaneous Statistical Data (Continued) For the Fiscal Year Ended June 30, 2002 POPULATION OF COUNTY POPULATION 1910 Census 1920 Census 1930 Census 1940 Census 1950 Census 1960 Census 1970 Census 1980 Census 1990 Census 1995 Special Census 2000 Census 34,488 89,576 150,970 186,193 331,770 663,510 971,228 1,509,262 2,122,101 2,551,765 3,072,149 PERCENTAGE INCREASE 159.7% 68.5 23.3 78.2 100.0 46.4 55.4 40.6 20.2 20.4 POPULATION OF CITIES AND TOWNS Avondale Apache Junction (part) Buckeye Carefree Cave Creek Chandler El Mirage Fountain Hills Gila Bend Gilbert Glendale Goodyear Guadalupe Litchfield Park Mesa Paradise Valley Peoria Phoenix Queen Creek Scottsdale Surprise Tempe Tolleson Wickenburg Youngtown Unincorporated Total County 2000 CENSUS (1) 35,883 0 6,537 2,927 3,728 176,581 7,609 20,235 1,980 109,697 218,812 18,911 5,228 3,810 396,375 13,664 108,364 1,321,045 4,316 202,705 30,848 158,625 4,974 5,082 3,010 211,203 3,072,149 ESTIMATED 2001 (2) 40,445 275 10,650 3,095 3,900 186,875 11,915 21,190 2,000 122,360 224,970 22,820 5,230 3,845 414,075 13,915 117,200 1,344,775 4,820 209,960 38,400 159,435 5,040 5,265 3,155 216,515 3,192,125 POPULATION OF STATE OF ARIZONA 2000 CENSUS (1) 5,130,632 ESTIMATED 2001 (2) 5,319,895 (1) Source: Department of Economic Security. Data for the 2000 Census is as of April 1, 2000. (2) Source: Department of Economic Security. Data for the 2001 Estimated is as of July 1, 2001. 256 Maricopa County Miscellaneous Statistical Data (Continued) Last Ten Calendar Years INCOME RETAIL SALES (1) CALENDAR YEAR PER CAPITA (1) 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 19,953 20,554 21,763 22,858 24,032 25,505 27,028 27,582 28,962 28,580 CALENDAR YEAR THOUSANDS OF DOLLARS 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 $ MEDIAN PER HOUSEHOLD (2) $ 31,255 33,002 34,894 31,932 45,000 47,500 32,585 32,748 40,134 45,358 18,148,000 18,844,400 20,747,000 23,199,217 27,174,296 29,085,000 31,970,000 34,363,000 37,405,000 37,715,000 (1) Source: Economic Outlook 02/03 Eller College of Business and Public Administration, The University of Arizona. (2) 2000 U.S. Census Bureau, States and County QuickFacts. 257 Maricopa County Miscellaneous Statistical Data (Continued) Last Ten Calendar Years BUILDING PERMITS BANK DEPOSITS (1) (2) CALENDAR YEAR PERMITS ISSUED 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 44,077 47,787 55,011 58,948 62,965 67,461 76,045 83,188 83,411 81,995 AS OF DECEMBER 31 THOUSANDS OF DOLLARS 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 (1) Source: (2) Source: $ VALUE OF BUILDINGS $ 19,358,015 19,485,966 20,017,167 21,171,950 17,806,183 20,296,620 24,940,253 22,330,881 27,336,883 27,859,411 Bureau of Business and Economic Research, Arizona State University. Arizona Bankers’ Association. 258 3,228,424,000 3,529,540,000 4,898,379,000 5,440,364,000 6,798,562,000 7,796,954,000 8,488,426,000 8,324,511,000 8,665,613,000 9,332,597,000