Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2014 COCONINO MOHAVE APACHE NAVAJO YAVAPAI LA PAZ MARICOPA COUNTY GILA GREENLEE YUMA PINAL GRAHAM PIMA COCHISE SANTA CRUZ Board of Supervisors Denny Barney District 1 Steve Chucri District 2 Andrew Kunasek District 3 Clint L. Hickman District 4 Marie Lopez Rogers District 5 Comprehensive Annual Financial Report Maricopa County Phoenix, Arizona For the Fiscal Year July 1, 2013 to June 30, 2014 Prepared By Department of Finance Shelby L. Scharbach, Assistant County Manager – Chief Financial Officer INTRODUCTORY SECTION Table of Contents Listing of Maricopa County Officials Organizational Chart Letter of Transmittal Citizens Audit Advisory Committee Letter Certificate of Achievement for Excellence in Financial Reporting Comprehensive Annual Financial Report Table of Contents For the Fiscal Year Ended June 30, 2014 Introductory Section Page Table of Contents Listing of Maricopa County Officials Organizational Chart Letter of Transmittal Maricopa County Citizens Audit Advisory Committee Letter Certificate of Achievement for Excellence in Financial Reporting i v vi vii xi xii Financial Section Independent Auditors’ Report 1 Management’s Discussion and Analysis 5 Basic Financial Statements Definitions of Government-wide Financial Statements and Listing of Major Funds 19 Government-wide Financial Statements Statement of Net Position Statement of Activities 20 21 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 22 24 26 Proprietary Funds Financial Statements Statement of Net Position Statement of Revenues, Expenses, and Changes in Fund Net Position Statement of Cash Flows 28 29 30 Fiduciary Funds Financial Statements Statement of Fiduciary Net Position Statement of Changes in Fiduciary Net Position 32 33 Basic Financial Statements – Notes 37 Required Supplementary Information Budgetary Comparison Schedules – General Fund and Major Special Revenue Fund General Fund Detention Operations Fund 73 75 Note to Budgetary Comparison Schedules 76 i Table of Contents (Continued) For the Fiscal Year Ended June 30, 2014 Schedule of Agent Retirement Plans’ Funding Progress Page 77 Note to Schedule of Agent Retirement Plans’ Funding Progress 78 Modified Approach for Infrastructure Assets 79 Combining and Individual Fund Statements and Schedules Listing of Nonmajor Governmental Funds 83 Governmental Funds Combining Balance Sheet – Nonmajor Governmental Funds Combining Statement of Revenues, Expenditures, and Changes in Fund Balances – Nonmajor Governmental Funds 90 106 Schedules of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual Special Revenue Funds Adult Probation Fees Fund Adult Probation Grants Fund Air Quality Fees Fund Air Quality Grants Fund Animal Control Field Operations Fund Animal Control Grants Fund Animal Control License/Shelter Fund Ballpark Operations Fund Cactus League Operations Fund CDBG Housing Trust Fund Check Enforcement Program Fund Child Support Enhancement Fund Children’s Issues Education Fund Clerk of Court Fill the Gap Fund Clerk of the Court EDMS Fund Clerk of the Court Grants Fund Conciliation Court Fees Fund Correctional Health Grants Fund County Attorney Fill the Gap Fund County Attorney Grants Fund County Attorney RICO Fund Court Document Retrieval Fund Criminal Justice Enhancement Fund Diversion Fund Domestic Relations Mediation Education Fund Educational Supplemental Program Fund Elections Grants Fund Emancipation Administrative Costs Fund Emergency Management Fund Environmental Services Environmental Health Fund Expedited Child Support Fund ii 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 Table of Contents (Continued) For the Fiscal Year Ended June 30, 2014 Page Special Revenue Funds (Continued) Flood Control Fund Flood Control Grants Fund Human Services Grants Fund Inmate Health Services Fund Inmate Services Fund Judicial Enhancement Fund Justice Court Judicial Enhancement Fund Justice Courts Photo Enforcement Fund Justice Courts Special Revenue Fund Juvenile Probation Diversion Fund Juvenile Probation Grants Fund Juvenile Probation Special Fees Fund Juvenile Restitution Fund Lake Pleasant Recreation Services Fund Law Library Fees Fund Legal Defender Fill the Gap Fund Library District Fund Library District Grants Fund Medical Examiner Grants Fund Non-Departmental Grants Fund Officer Safety Equipment Fund Palo Verde Fund Parks and Recreation Grants Fund Parks Donations Fund Parks Enhancement Fund Parks Souvenir Fund Parks Spur Cross Ranch Conservation Fund Planning and Development Fees Fund Probate Fees Fund Public Defender Fill the Gap Fund Public Defender Grants Fund Public Defender Training Fund Public Health Fund Public Health Fees Fund Recorder’s Surcharge Fund School Communication Expense Fund School Grants Fund School Transportation Fund Sheriff Donations Fund Sheriff Grants Fund Sheriff Jail Enhancement Fund Sheriff RICO Fund Sheriff Towing and Impound Fund Small School Service Fund Spousal Maintenance Enforcement Enhancement Fund Superior Court Fill the Gap Fund Superior Court Grants Fund Superior Court Special Revenue Fund Taxpayer Information Fund Transportation Grants Fund Transportation Operations Fund Victim Compensation Interest Fund Victim Compensation Restitution Fund iii 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 Table of Contents (Continued) For the Fiscal Year Ended June 30, 2014 Page Special Revenue Funds (Continued) Victim Location Fund Waste Management Fund Waste Tire Fund 207 208 209 Debt Service Funds County Improvement Debt Fund Stadium District Debt Service Fund 210 211 Capital Projects Funds Detention Capital Projects Fund Detention Technology Capital Improvement Fund Flood Control Capital Projects Fund General Fund County Improvements Fund Intergovernmental Capital Projects Fund Library District Capital Improvement Fund Long Term Project Reserve Fund Technology Capital Improvement Fund Transportation Capital Projects Fund Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects 212 213 214 215 216 217 218 219 220 221 Internal Service Funds Listing of Internal Service Funds Combining Statement of Net Position Combining Statement of Revenues, Expenses, and Changes in Net Position Combining Statement of Cash Flows 229 230 232 234 Agency Fund Listing of Agency Fund Statement of Changes in Assets and Liabilities 239 240 Statistical Section Listing of Statistical Information Net Position by Component Changes in Net Position Fund Balances, Governmental Funds Changes in Fund Balances, Governmental Funds Tax Revenues by Source, Governmental Funds Assessed Value and Estimated Market Value of Taxable Property Direct and Overlapping Property Tax Rates Principal Property Taxpayers Property Tax Levies and Collections Ratios of Outstanding Debt by Type Legal Debt Margin Information Pledged Revenue Coverage Demographic and Economic Statistics Principal Employers Budgeted Full-time Equivalent County Employees by Function/Program Operating Indicators by Function/Program Capital Asset Statistics by Function/Program iv 243 244 245 247 248 250 251 252 253 254 255 256 257 258 259 260 261 262 Maricopa County Officials BOARD OF SUPERVISORS Denney Barney, District 1 Steve Chucri, District 2 Andrew Kunasek, District 3 Clint L. Hickman, District 4 Marie Lopez Rogers, District 5  COUNTY MANAGER Tom Manos  ASSISTANT COUNTY MANAGER – CHIEF FINANCIAL OFFICER Shelby L. Scharbach v Organizational Chart Maricopa County Citizens Superintendent of Schools Constables County Attorney Sheriff Board of Supervisors Clerk of the Court Assessor Treasurer Recorder Elected Appointed STAR Call Center Clerk of the Board County Manager Elections Internal Audit Procurement Services Risk Management Deputy County Manager Public Defense Services Contract Counsel Legal Defender Public Advocate Public Defender Legal Advocate Assistant County Manager Assistant County Manager Assistant County Manager Deputy County Manager Management & Budget Human Resources Finance Animal Care & Control Planning & Development Correctional Health Employee Benefits & Health Enterprise Technology Equipment Services Emergency Management Public Health Human Services Parks & Recreation Facilities Management Medical Examiner Protective Services Environmental Services Research & Reporting Air Quality NonDepartmental Transportation Public Fiduciary Waste Resources & Recycling vi Maricopa County County Administrative Office 301 West Jefferson Street 10th Floor Phoenix, AZ 85003-2143 Phone: 602-506-3571 Fax: 602-506-3328 www.maricopa.gov December 19, 2014 The Honorable Board of Supervisors Maricopa County County Administration Building 301 W. Jefferson Street Phoenix, AZ 85003 Arizona Revised Statute (A.R.S.) §41-1279.21 requires the Office of the Auditor General to conduct financial audits of the accounts and records of County governments. Pursuant to the statute, the Office of the Auditor General audited the Comprehensive Annual Financial Report (CAFR) of Maricopa County in accordance with generally accepted auditing standards for the year ended June 30, 2014. This report consists of management’s representations concerning the finances of Maricopa County. Consequently, management assumes full responsibility of the completeness and reliability of all the information presented in this report. To provide a reasonable basis for making these representations, management of Maricopa County has established a comprehensive internal control framework that is designed both to protect the government’s assets from loss, theft, or misuse and to compile sufficient reliable information for preparation of Maricopa County’s financial statements in conformity with generally accepted accounting principles (GAAP). Because the cost of internal control should not outweigh their benefits, Maricopa County’s comprehensive framework of internal controls has been designed to provide reasonable rather than absolute assurance that the financial statements will be free from material misstatement. As management, we assert that, to the best of our knowledge and belief, this financial report is complete and reliable in all material respects. The goal of the independent audit was to provide reasonable assurance that the financial statements of Maricopa County for the fiscal year ended June 30, 2014, are free of material misstatement. The independent audit involves obtaining audit evidence about the amounts and disclosures in the financial statements. An audit includes assessments of risk of material misstatement of the financial statements, evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management as well as evaluating the overall financial statement presentation. The independent auditors expressed an unqualified opinion on the Maricopa County financial statements for the fiscal year ended June 30, 2014. The auditors concluded that the financial statements were considered fairly presented in conformity with GAAP. The independent auditor’s report is presented as the first component of the financial section of this report. The independent audit of the financial statements of Maricopa County was part of a broader, federally mandated Single Audit designed to meet the special needs of federal grantor agencies. The standards governing Single Audit engagements require the independent auditor to report not only on the fair presentation of the financial statements, but also on the audited government’s internal controls and compliance with legal requirements, with special emphasis on internal controls and legal requirements involving the administration of federal awards. This report will be available in Maricopa County’s separately issued Single Audit Report to be issued at a future date. vii GAAP requires management’s discussion and analysis (MD&A) immediately following the independent auditor’s report and provides a narrative introduction, overview, and analysis of the basic financial statements. This MD&A complements this letter of transmittal and should be read in conjunction with it. County Profile Maricopa County was established on February 14, 1871, and is located in the south-central portion of the State of Arizona. According to Arizona Department of Commerce, at July 1, 2013, Maricopa County contained 59.9 percent of the State’s total population (www.population.az.gov). The County occupies th 9,225 square miles making it the 14 largest county in land area in the United States. Phoenix is the capital of Arizona as well as the county seat for Maricopa County. Maricopa County operates under a five member elected Board of Supervisors who appoints a County Manager. The County Manager is responsible for the general administration and overall operations of the various County departments. The County has several elected officials including the Assessor, Clerk of the Superior Court, Constables, County Attorney, Recorder, Sheriff, Superintendent of Schools, and the Treasurer. Maricopa County offers a wide variety of governmental services, including:  Community Resources: Superintendent of Schools  County Administration: Board of Supervisors, County Manager, Assessor’s Office, Clerk of the Board, Elections, Finance, Internal Audit, Research and Reporting, Office of Management and Budget, Recorder, Office of Procurement Services, Human Resources, Information Technology, Treasurer’s Office, and Facilities Management  Public Safety, Justice and Law Enforcement: Clerk of the Superior Court, County Attorney, Trial Court, Adult Probation, Juvenile Probation, Sheriff’s Department, Public Defender, Emergency Management, Correctional Health, Planning and Development, Constables, Justice Courts, and Public Fiduciary  Public Health and Welfare Services: Public Health, Air Quality, Employee Benefits and Health, Human Services, Animal Care and Control, Environmental Services, and Medical Examiner  Public Works: Flood Control District, Transportation Department, and Waste Resources and Recycling Library District, Parks and Recreation, Stadium District, and The annual budget serves as the foundation for Maricopa County’s financial planning and control. The County is required by A.R.S. §42-17101 et. seq. to annually prepare and adopt a balanced budget. Arizona law further requires that no expenditure shall be made or liability incurred in excess of the amounts budgeted except as provided by law. Maricopa County’s annual budget is available on the internet at the following address: http://www.maricopa.gov/budget/. Economic Outlook Maricopa County has a variety of industries within its boundaries with the majority comprised of high tech, financial, and service industries. Some of the major employers located in the state include Wal-Mart, Banner Health Systems, Wells Fargo & Co., Intel Corp., Honeywell, and various local governments (Greater Phoenix Economic Council, November 2013). viii Because of a favorable climate and mild weather conditions, tourism is also a large factor in the strength of the local economy. Major sporting events can be held year around and many people come to the area during the winter months. Maricopa County is the home to teams from major league professional sports, which include the Arizona Cardinals of the National Football League (NFL), Phoenix Suns of the National Basketball Association (NBA), Phoenix Mercury of the Women’s National Basketball Association (WNBA) Arizona Diamondbacks of Major League Baseball (MLB) and the Phoenix Coyotes of the National Hockey League (NHL). Maricopa County also hosts several major league baseball teams for the annual spring training Cactus League. Maricopa County is also a host to other major sporting events such as the Waste Management Phoenix Open golf tournament and Phoenix International Raceway. Cities within Maricopa County also host college bowl games such as the Fiesta Bowl and the Buffalo Wild Wings Bowl. In 2015, Arizona is host to the 2015 Super Bowl and Pro Bowl, both of which are held in Glendale, a major city within Maricopa County. In addition, several events for the Super Bowl are held in other cities within the County. The 2015 Super Bowl and its related events are expected to bring in an estimated $500 million economic impact to the State of Arizona in 2015. The Arizona economy is still at a slow pace and growth is likely to continue. The forecast calls for state growth to pick up speed during fiscal years 2015-2017, with gains across most indicators far exceeding national results (www.eller.arizona.edu). Maricopa County’s unemployment rate is 5.8 percent as of September 2014, which remains below both the State of Arizona and the United States unemployment rates of 6.9 percent and 5.9 percent, respectively (www.laborstats.az.gov). Financial Policies and Long-Term Financial Planning Financial Planning – Maricopa County has a fiscally conservative management philosophy, which has allowed the County to be financially successful. Maricopa County prepares a five-year financial forecast, with the assistance of an economist, which is updated on a quarterly basis for several major funds, including the General Fund and Detention Operations Fund. The five-year forecast provides a conservative estimate of the County’s fiscal condition given realistic economic trends, current Board policies, and existing laws. The forecast does not incorporate anticipated policy changes, spending priorities, or proposed new revenue sources. Capital Improvement Program – Maricopa County’s Capital Improvement Program (CIP) identifies capital projects to be completed over the next five years. Because these projects typically span more than one fiscal year, the plans are updated annually to track existing projects, identify new projects, and update funding estimates and forecasts. It is the County’s philosophy and policy that new capital projects will be undertaken only if future operating revenues are reasonably estimated to be sufficient to support associated future operating costs. Operating costs associated with new facilities are budgeted by the user department in conjunction with the partnering department such as Facilities Management and Enterprise Technology. Estimated operating costs, as well as anticipated savings in lease costs and operating costs of facilities to be replaced are factored into the County’s ten-year financial forecast. Debt Management – Maricopa County utilizes a modified “pay as you go” financial policy for large capital improvement projects, large technology projects, and other infrastructure. The County pays cash for many capital improvements, or utilizes lease reversions or other funding sources from the General Fund to pay for large dollar projects. Cash Management – Maricopa County maintains deposits and investments in the Treasurer’s Pool and outside of the Treasurer’s Pool. The Treasurer’s Pool invests 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 30th. Deposits and investments held outside of the Treasurer’s Investment Pool represent a small portion of the County’s total deposits and investments. It is the County’s investment policy to: collateralize all deposits by at least 101 percent of the deposits not covered by depository insurance; preserve the principal value and the interest income of an investment; hold investments to maturity, where practical, to avoid any loss on investments resulting from an early ix sale or retirement of an investment; and require all of the Treasurer’s securities be held by the agent or trust department and in the County’s name. 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. This report will be available in Maricopa County’s separately issued Expenditure Limitation Report to be issued at a future date. Awards and Acknowledgements 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 for its comprehensive annual financial report for the fiscal year ended June 30, 2013. 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 U.S. general 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. The preparation and audit 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 Office of the Auditor General. 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, Tom Manos County Manager Shelby L. Scharbach Assistant County Manager - Chief Financial Officer x xi xii FINANCIAL SECTION Independent Auditors’ Report Management’s Discussion and Analysis Basic Financial Statements Basic Financial Statements - Notes Required Supplementary Information Budgetary Comparison Schedules - General Fund and Major Special Revenue Fund Note to Budgetary Comparison Schedules Schedule of Agent Retirement Plans’ Funding Progress Modified Approach for Infrastructure Assets Combining and Individual Fund Statements and Schedules Nonmajor Governmental Funds Internal Service Funds Agency Fund Independent Auditors’ Report Members of the Arizona State Legislature The Board of Supervisors of Maricopa County, Arizona Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities, business-type activities, each major fund, and aggregate remaining fund information of Maricopa County as of and for the year ended June 30, 2014, and the related notes to the financial statements, which collectively comprise the County’s basic financial statements as listed in the table of contents. Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with U.S. generally accepted accounting principles; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditors’ Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We did not audit the financial statements of four departments, which account for the following percentages of the assets and deferred outflows of resources, liabilities and deferred inflows of resources, revenues, and expenses or expenditures of the opinion units affected: Opinion Unit/Department Government-wide Statements Governmental activities: Stadium District Risk Management Employee Benefits Trust Assets and Deferred Outflows Liabilities and Deferred Inflows 5.83% 0.73% 1.11%  4.81% 16.45% 4.31% Business-type activities: Housing Authority 100%  100% Fund Statements Aggregate remaining fund information: Stadium District Risk Management Employee Benefits Trust 0.84% 1.32% 2.00% 0.10% 36.78% 9.64% 2910 NORTH 44 th STREET • SUITE 410 • PHOENIX, ARIZONA Revenues        Expenses/ Expenditures 0.60% 0% 0% 0.86% 0% 0% 100% 100% 0.18% 0.28% 1.22% 0.22% 0.18% 1.33% 85018 • (602) 553-0333 • FAX (602) 553-0051 Those statements were audited by other auditors whose reports have been furnished to us, and our opinions, insofar as they relate to the amounts included for Stadium District, which includes the Ballpark Operations and Cactus League Operations Special Revenue Funds, the Stadium District Debt Service Fund, and the Long Term Project Reserve Capital Projects Fund; the Risk Management and Employee Benefits Trust Internal Service Funds; and the Housing Authority Enterprise Fund, are based solely on the reports of the other auditors. We conducted our audit in accordance with U.S. generally accepted auditing standards and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors’ judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditors consider internal control relevant to the County’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the County’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Opinions In our opinion, based on our audit and the reports of the other auditors, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, business-type activities, each major fund, and aggregate remaining fund information of Maricopa County as of June 30, 2014, and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended in accordance with U.S. generally accepted accounting principles. Emphasis of Matter As described in Note 1 to the financial statements, for the year ended June 30, 2014, the County adopted new accounting guidance, Governmental Accounting Standards Board Statement No. 65, Items Previously Reported as Assets and Liabilities. Our opinions are not modified with respect to this matter. As described in Note 4 to the financial statements, the County restated beginning net position/fund balances of its financial statements for the year ended June 30, 2014, to correct misstatements in its previously issued financial statements. Our opinions are not modified with respect to this matter. Other Matters Required Supplementary Information U.S. generally accepted accounting principles require that the Management’s Discussion and Analysis on pages 5 through 15, the Budgetary Comparison Schedules on pages 73 through 76, the Schedule of Agent Retirement Plans’ Funding Progress on pages 77 through 78, and the Modified Approach for Infrastructure Assets information on page 79 be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We and the other auditors have applied certain limited procedures to the required supplementary information in accordance with U.S. generally accepted auditing standards, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the County’s basic financial statements. The combining and individual fund statements and schedules and the introductory and statistical sections listed in the table of contents are presented for purposes of additional analysis and are not required parts of the basic financial statements. The combining and individual fund statements and schedules are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with U.S. generally accepted auditing standards by us and the other auditors. In our opinion, based on our audit, the procedures performed as described above, and the reports of the other auditors, the combining and individual fund statements and schedules are fairly stated, in all material respects, in relation to the basic financial statements as a whole. The introductory and statistical sections have not been subjected to the auditing procedures applied in the audit of the basic financial statements, and accordingly, we do not express an opinion or provide any assurance on them. Compliance Over the Use of Highway User Revenue Fund and Other Dedicated State Transportation Revenue Monies In connection with our audit, nothing came to our attention that caused us to believe that the County failed to use highway user revenue fund monies received by the County pursuant to Arizona Revised Statutes Title 28, Chapter 18, Article 2, and any other dedicated state transportation revenues received by the County solely for the authorized transportation purposes, insofar as they relate to accounting matters. However, our audit was not directed primarily toward obtaining knowledge of such noncompliance. Accordingly, had we performed additional procedures, other matters may have come to our attention regarding the County’s noncompliance with the use of highway user revenue fund monies and other dedicated state transportation revenues, insofar as they relate to accounting matters. The communication related to compliance over the use of highway user revenue fund and other dedicated state transportation revenue monies in the preceding paragraph is intended solely for the information and use of the members of the Arizona State Legislature, the Board of Supervisors, management, and other responsible parties within the County and is not intended to be and should not be used by anyone other than these specified parties. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we will issue our report on our consideration of the County’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters at a future date. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the County’s internal control over financial reporting and compliance. Debbie Davenport Auditor General December 19, 2014 4 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 vii and with the County’s basic financial statements following this section. Financial Highlights  The total assets and deferred outflows of resources of the County exceeded its liabilities at the close of the fiscal year by $4,635.9 million (net position), a decrease of 0.1 percent from the prior year. Of this amount, $640.0 million (unrestricted net position) may be used to meet the County’s ongoing obligations to citizens and creditors. Composition of Net Position (in millions) Unrestricted $640.0 (14%) Restricted $544.4 (12%) Net investment in capital assets$3,451.5 (74%)  The County’s total net position as reported in the Statement of Activities decreased by $5.7 million from the prior year. The County’s primary sources of revenue are from taxes, grants and contributions, and charges for services. Revenue Sources (in millions) Operating Grants & Contributions $274.6 (15%) Other $29.5 (2%) Capital Grants & Contributions $51.0 (3%) Charges for Services $253.7 (14%) Taxes - $1,201.8 (66%)  The County’s governmental funds reported combined fund balances of $1,237.4 million, a decrease in fund balance of $119.3 million over the prior fiscal year. Approximately 98.2 percent of the combined fund balances or $1,215.3 million is spendable and available to meet the County’s current and future needs.  Spendable fund balance for the General Fund decreased by 53.1 percent to $121.2 million; approximately 13.8 percent of total General Fund expenditures. See page 10 for a description of spendable fund balance. 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. In addition, A.R.S. §42-17102 stipulates that the estimated expenditures may include an amount for unanticipated contingencies or emergencies. 5 Management’s Discussion and Analysis (Continued)  The County’s enterprise fund, the Housing Authority Fund, reported net position of $31.9 million, of which $28.2 million is invested in capital assets, $2.2 million is restricted, and $1.5 million is unrestricted. 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 consist of 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. The Combining and Individual Fund Statements and Schedules – Nonmajor Funds begin on page 90. Government-wide Financial Statements are designed to provide readers with a broad overview of the County’s finances, in a manner similar to private-sector businesses.  The Statement of Net Position presents information on all County assets and deferred outflows of resources and liabilities and deferred inflows of resources, with the difference between the two reported as net position. Over time, increases or decreases in net position 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 position changed during the most recent fiscal year. All changes in net position 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 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 consist of the Housing Authority of Maricopa County. On July 1, 2013, the Housing Authority Fund was reclassified to a proprietary fund to correspond with the manner in which they are presented in the Housing Authority’s separately issued financial statements. See Note 3 – Reporting Changes and Note 4 – Beginning Balances Restated for additional information. 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 government-wide financial statements to emphasize they are legally separate from the County. The Housing Authority of Maricopa County, 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 are reported as blended component units. The County has no discretely presented component units. The Government-wide financial statements can be found on pages 20-21 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. 6 Management’s Discussion and Analysis (Continued)  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. The County reports six 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 Fund, Detention Operations Fund, County Improvement Debt Fund, Detention Capital Projects Fund, General Fund County Improvements Fund, and Technology Capital Improvement Fund. 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 90 of this report. The governmental funds financial statements can be found on pages 22-26 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 statements. The County uses an enterprise fund to account for the Housing Authority Fund. 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 governmentwide financial statements. Fund financial statements for the enterprise fund provides the same type of information as the government-wide financial statements, only in more detail. The Housing Authority Fund is considered to be a major fund of the County. The County’s internal service funds are combined into a single, aggregated presentation in the proprietary funds financial statements. Individual fund data for the internal service funds is provided in the form of combining statements, which begin on page 230 of this report. The proprietary fund financial statements can be found on pages 28-30 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 32-33 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 37-70 of this report. 7 Management’s Discussion and Analysis (Continued) Required Supplementary Information is presented concerning the County’s General Fund and Detention Operations Fund. A budgetary comparison schedule has been provided for both of these funds to demonstrate compliance with budget and additional information is provided in the Note 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 73-79 of this report. Government-wide Financial Analysis Net Position Net position may serve over time as a useful indicator of a government’s financial position. The following table reflects the condensed Statement of Net Position of the County for June 30, 2014, as compared to the prior year. Statement of Net Position As of June 30 (in millions) Governmental Activities 2014 Current and other assets Capital assets Total assets $ Deferred Outflows Current liabilities Long-term liabilities Total liabilities Net position Net investment in capital assets Restricted Unrestricted Total net position $ * 1,476.3 3,532.8 5,009.1 Business-type Activities 2013* $ 1,633.2 3,433.5 5,066.7 2014 $ 6.7 33.5 40.2 Total 2013* $ 6.1 33.1 39.2 0.5 2014 $ 1,483.0 3,566.3 5,049.3 2013* $ 1,639.3 3,466.6 5,105.9 0.5 % Chg P/Y (9.5)% 2.9 (1.1) >100.0 189.8 215.8 405.6 211.2 246.9 458.1 1.9 6.4 8.3 1.3 4.7 6.0 191.7 222.2 413.9 212.5 251.6 464.1 (9.8) (11.7) (10.8) 3,423.3 542.2 638.5 4,604.0 3,307.2 623.3 678.0 4,608.5 28.2 2.2 1.5 31.9 28.4 2.2 2.5 33.1 3451.5 544.4 640.0 $ 4,635.9 3,335.6 625.5 680.5 $ 4,641.6 3.5 (13.0) (6.0) (0.1) $ $ $ Governmental activities, business-type activities, and the total columns’ assets, liabilities, and net position amounts were adjusted in 2013 for beginning balance adjustments as a result of the change in presentation of the Housing Authority Fund from a special revenue fund to an Enterprise Fund and for corrections of prior periods. See Note 4 – Beginning Balances Restated for additional information. By far, the largest portion - $3.5 billion or 74.5 percent - of the County’s net position reflects the investment in capital assets (e.g., land, buildings and improvements, machinery and equipment, infrastructure and construction in progress), less accumulated depreciation and any related debt used to acquire those assets that is still outstanding. Net position invested in capital assets increased by $115.9 million due to an increase in net capital assets of $99.7 million and a decrease in capital related debt of $16.2 million. The decrease in capital related debt was a result of regularly scheduled debt service payments. The increase in capital assets is mainly attributed to an increase in buildings and improvements of $54.6 million as a result of projects completed during the fiscal year for the Sheriff’s Headquarters Building and related information technology infrastructure of $41.3 million and other information technology improvement projects of $21.5 million. The remaining increase is due to an increase in Transportation Department infrastructure-related land of $26.9 million. The County uses 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. 8 Management’s Discussion and Analysis (Continued) The second component of the County’s total net position, $544.4 million or approximately 11.7 percent, represents resources that are subject to external restrictions on how they may be used. This component decreased by $81.1 million from the prior year. This decrease can be attributed to expenses exceeding revenues for the fiscal year. Primarily, this decrease in restricted net position can be attributed to expenses related to capital projects in the Detention Capital Projects and Detention Technology Capital Projects funds. This does not result in a true decrease in net position as these expenses resulted in an increase in construction in progress and capital asset-related net position. The final component consists of unrestricted net position, $640.0 million or 13.8 percent, and may be used to meet the County’s ongoing obligations. Unrestricted net position decreased from fiscal year 2013 by $40.5 million. This decrease is primarily a result of expenses for capital projects in the General Fund County Improvements and Technology Capital Projects funds, both unrestricted funds. This does not result in a true decrease in net position as these expenses resulted in an increase in construction in progress and capital asset-related net position. Changes in Net Position As discussed previously, the County’s total net position of $4.6 billion decreased by ($5.7) million as reported in the Statement of Activities. The following table reflects the condensed Statement of Activities of the County for the fiscal year 2014 compared to the prior year and indicates the changes in net position for governmental activities: Statement of Activities For the year ended June 30 (in millions) Governmental Activities 2014 2013* Revenues: Program revenues: Charges for services Operating grants and contributions Capital grants and contributions General revenues: Taxes Other Total Revenues Expenses: General government Public safety Highways and streets Health, welfare and sanitation Other** Housing Authority Total Expenses Change in net position Net position – beginning, as restated Net position – ending $ 246.9 259.1 49.6 $ 257.7 249.3 45.8 1,201.8 29.3 1,786.7 1,189.4 26.9 1,769.1 208.0 1,009.5 87.0 403.9 82.8 186.4 934.2 82.8 406.1 67.1 1,791.2 1,676.6 (4.5) 4,608.5 $ 4,604.0 Business-type Activities 2014 2013* $ 6.7 15.5 1.4 $ $ $ 253.6 274.6 51.0 2013* $ 259.7 271.4 50.2 % Chg P/Y (2.3)% 1.2 1.6 0.1 28.6 1,201.8 29.5 1,810.5 1,189.4 27.0 1,797.7 1.0 9.3 0.7 25.0 25.0 26.4 26.4 208.0 1,009.5 87.0 403.9 82.8 25.0 1,816.2 186.4 934.2 82.8 406.1 67.1 26.4 1,703.0 11.6 8.1 5.1 (0.5) 23.4 (5.3) 6.6 (1.2) 33.1 31.9 2.2 30.9 33.1 (5.7) 4,641.6 $ 4,635.9 94.7 4,546.9 $ 4,641.6 (106.0) 2.1 (0.1) 0.2 23.8 92.5 4,516.0 $ 4,608.5 2.0 22.1 4.4 Total 2014 $ * Governmental activities, business-type activities, and total columns’ amounts were adjusted in 2013 for beginning balance adjustments as a result of the change in presentation of the Housing Authority Fund from a special revenue fund to an Enterprise Fund and for corrections of prior periods. See Note 4 – Beginning Balances Restated for additional information. ** The functions of culture and recreation, education, and interest on long-term debt are shown in the condensed Statement of Activities above as other expenses. 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 9 Management’s Discussion and Analysis (Continued) those assets is reported as a capital asset and the expense of those assets is allocated over their estimated useful lives and reported as depreciation expense within the expenditure line items. Capital outlay expenditures exceeded depreciation expense in the current period by $112.1 million. In the government-wide Statement of Activities, the significant revenues reported included taxes (Countylevied, general sales, and vehicle license taxes), charges for services, and operating grants and contributions, which represent 66.4, 14.0, and 15.2 percent, respectively, of total governmental activities revenues for fiscal year 2014. Tax revenues in total increased $12.4 million primarily as a result of an increase in sales, special assessment, surcharge, and vehicle license tax revenues of $46.3 million, which was offset by a decrease in property tax revenues of $34.9 million. The decline in property taxes was expected and included in the budgeting plan as the fiscal year 2014, property tax revenue was budgeted at approximately $30 million less than the prior year. This decrease is a result of two factors, a decrease in the overall County controlled tax rate and continued lag in property tax assessed values. Although the economy is improving, property tax assessed values remain low as there is a lag period between the actual decline in assessed value and when that decline is recognized for the assessed valuation used for the property tax rate and levy. The increase in sales tax revenue is a result of the improving economy. Charges for services revenue decreased $6.1 million as a result of a decrease in Transportation Capital Projects Fund charges for services revenue of $4.6 million due to a decrease in intergovernmental charges for services revenue. Operating grants revenue increased $3.2 million from the prior year primarily as a result of increases in revenue in the School Grants Fund of $6.5 million as a result of increased grant revenues received for the Teacher Incentive Fund of $7.7 million. This grant revenue was offset by a decrease in the Human Services Grants Fund of $2.9 million as a result of decreases in the Workforce Investment Act Cluster of grant programs of $2.7 million as a result of reduced funding. Tax and other operating revenues provide the principal support for the functions of the County, which include general government; public safety; highways and streets; health, welfare and sanitation; culture and recreation; and education. Total expenses increased $113.3 million or 6.7 percent from the prior fiscal year. This increase is primarily a result of an increase in general government and public safety function expenses of $21.6 million and $75.3 million, respectively. The increase in general government is due to an increase of $18.5 million in loss and loss expenses in the Employee Benefits Trust Fund as a result of large medical claims. The increase in public safety is primarily a result of retention pay and market range salary adjustments in public safety personnel. No other significant expenditure shifts occurred in fiscal year 2014. Financial Analysis of the County’s Funds As noted earlier, the County uses fund accounting to ensure and demonstrate compliance with financerelated legal requirements. In order to provide comparative discussion of fund balances to the prior year, the analysis below of ‘spendable’ balance represents restricted, committed, assigned, and unassigned fund balance. 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, spendable 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 of June 30, 2014, the governmental funds reported combined fund balances of $1,237.4 million which was a decrease in fund balance of $119.3 million from the prior fiscal year. Approximately 98.2 percent of the combined fund balances or $1,215.3 million is available to meet the County’s current and future needs (spendable fund balance). The remaining fund balance is reserved for inventories and intergovernmental loans. 10 Management’s Discussion and Analysis (Continued) The following funds are the County’s major governmental funds: General Fund The General Fund is the County’s primary operating fund. At the end of the current fiscal year, spendable fund balance of the General Fund was $121.2 million, while total fund balance was $141.0 million. This represents a decrease in the spendable fund balance from the prior year of $137.5 million, or 53.1 percent. As a measure of the General Fund’s liquidity, it may be useful to compare both spendable fund balance and total fund balance to the total fund expenditures. Spendable fund balance represents 13.8 percent of the total fiscal year 2014 General Fund expenditures, while total fund balance represents 16.0 percent of that same amount. These ratios indicate a strong fund balance position in comparison to expenditures, taking into account that Maricopa County operates on a structurally balanced budget in that fiscal year 2015 operating expenditures are expected to be fully funded by fiscal year 2015 revenues. During fiscal year 2014, the General Fund experienced a change in fund balance of ($136.9) million, an increase of $111.8 million from the prior fiscal year change in fund balance of ($25.1) million. While revenues stayed flat in comparison to prior year, operating transfers out increased $83.7 million and expenditures increased $39.9 million. The increase in operating transfers out is a result of additional budgeted transfers to the capital projects funds. The increase in expenditures is a result of retention pay and market range salary adjustments for public safety departments. Detention Operations Fund The Detention Operations Fund is a special revenue fund that 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 of one-cent sales tax to be used for the construction and operation of adult and juvenile detention facilities. On November 5, 2002, the voters approved the extension of the 1/5 of one-cent sales tax in the General Election to be used for jail facility operations. The extension begins in the month following the expiration of the original tax and may continue for not more than twenty years after the date the tax collection begins. The Detention Operations Fund accounts for the receipt of tax revenue, jail operations expenditures, and transfers to the Detention Capital Projects Fund and Detention Technology Capital Improvement Fund for construction of the adult and juvenile detention facilities and detention technology infrastructure. The Detention Operations Fund accounts for the jail tax revenue along with transfers from the General Fund for maintenance of effort (MOE). The MOE transfer from the General Fund is used to support the jail detention operations. Arizona Revised Statutes require the County to calculate the maintenance of effort transfer on an annual basis. The Detention Operations Fund transfers monies to the Detention Capital Projects Fund and Detention Technology Capital Improvement Fund for the construction of the jail and detention facilities and detention technology infrastructure. At the end of the current fiscal year, total fund balance of the Detention Operations Fund was $61.3 million, of which 99.9 percent is restricted and considered spendable. This was a decrease in total fund balance of $11.9 million, or 16.3 percent from the prior fiscal year. Although the fund had more expenditures than revenues by $178.1 million, positive net transfers of $166.2 million offset the net loss in the fund. Operating transfers consisted of the transfer in for MOE from the General fund of $173.9 million and transfers out to the Detention Capital Projects Fund and Inmate Services Fund of $7.2 million and $512.9 thousand, respectively. The amount to be transferred to the Detention Capital Projects Fund and Inmate Services Fund for any given year is determined through the budget planning process. County Improvement Debt Fund The County Improvement Debt Fund is a debt service fund that accounts for the debt service on Lease Revenue Bonds, Series 2007A; and Lease Revenue Refunding Bonds, Series 2007B. At the end of the current fiscal year, spendable fund balance of the County Improvement Debt Fund was $19.5 million, of which $14.5 million is restricted for debt service. This represents a decrease of $11.5 million from the prior fiscal year and is attributed to the continued payment of debt service obligations. As no new debt issuances occurred during the fiscal year, the primary activity in this fund is debt service payments. 11 Management’s Discussion and Analysis (Continued) Detention Capital Projects Fund The Detention Capital Projects Fund is a capital projects fund that accounts for construction associated with the 1/5 of one-cent sales tax approved by voters in the General Election on November 3, 1998, and extended by the voters on November 5, 2002. Funding is provided by transfers from the Detention Operations Fund for construction of the adult and juvenile detention facilities. At the end of the current fiscal year, fund balance of the Detention Capital Projects Fund was $190.2 million, all of which is restricted and considered spendable. The fund balance in this fund decreased $24.3 million from the prior fiscal year, which is primarily attributed to capital project expenditures for the Sheriff Headquarters Project. General Fund County Improvements Fund The General Fund County Improvements Fund is a capital projects fund that accounts for capital projects funded by transfers from the General Fund. Projects that are currently funded include justice and administrative projects. At the end of the current fiscal year, fund balance of the General Fund County Improvements Fund was $299.9 million, all of which is committed and considered spendable. The fund balance in this fund increased $46.6 million from the prior fiscal year as a result of net transfers of $69.6 million and capital outlay expenditures of $23.1 million. Fiscal year 2014 transfers consisted of transfers in from the General Fund of $145.2 million, which were offset by transfers out to the Technology Capital Improvement Fund, County Improvement Debt Fund, and General Fund of $73.5 million, $1.9 million, and $117.0 thousand, respectively. Technology Capital Improvement Fund The Technology Capital Improvement Fund is a capital projects fund that accounts for technology improvement capital projects funded by transfers from the General Fund and General Fund County Improvements Fund. Projects that are currently funded include technology infrastructure upgrades, administrative and detention system projects, and security and telephone system upgrades. At the end of the current fiscal year, fund balance of the Technology Capital Improvement Fund was $236.8 million, all of which is committed and considered spendable. The fund balance in this fund increased $36.1 million from the prior fiscal year as a result of net transfers of $83.1 million and capital outlay expenditures of $47.0 million. Fiscal year 2014 transfers consisted of transfers in from the General Fund and General Fund County Improvement Fund of $11.7 and $73.4 million, respectively, which were offset by transfers out to the General Fund of $2.0 million. General Fund Budgetary Highlights The difference between the original budget and the final amended budget for the General Fund resulted in no significant change in revenues and expenditures. A significant favorable expenditure variance, as compared to the budget, was incurred in the Non-Departmental Department (general government function), Facilities Management Department (general government function), and Sheriff’s Department (public safety function) of $23.2 million, $11.2 million, and $7.5 million, respectively. These savings were a result of the Non- Departmental Department spending less contingency funds than was anticipated, the Facilities Management Department incurring less major maintenance expenditures, and the Sheriff’s Department incurring less personnel cost than was anticipated. None of the variances between the budget and actual amounts were significant enough to affect the County’s ability to provide future services. Capital Assets and Long-Term Liabilities Capital Assets The County’s capital assets balance for its governmental and business-type activities as of June 30, 2014, was $3.6 billion (net of accumulated depreciation). Capital assets include land, buildings and improvements, infrastructure, machinery and equipment, and construction in progress. The County reports infrastructure assets, which consist of the Flood Control District and Transportation Department infrastructure, in the government-wide financial statements in accordance with GASB Statement No. 34. 12 Management’s Discussion and Analysis (Continued) Additional information regarding infrastructure assets can be found in the Notes to the Financial Statements (Note 1 – Summary of Significant Accounting Policies and Note 12 – Capital Assets). The Flood Control District infrastructure assets consist of drainage systems, dams, flood channels and canals. Flood Control infrastructure is reported using the depreciation approach and the County uses the straight-line method of depreciation on these assets. At June 30, 2014, Flood Control District infrastructure-related assets consisted of land, infrastructure and construction in progress of $254.3, $178.9, and $215.8 million, respectively, net of any related accumulated depreciation. The Transportation Department 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. During fiscal year 2014, the condition level of both systems was within the established condition level. Actual maintenance/preservation costs varied by $2,336,288 and $234,176 from the estimated costs for the roadway and bridge system, respectively. Roadway and Bridge System maintenance is predicated by the Federal clearance process. Additionally, bids on roadway projects were more favorable than estimated resulting in a positive variance in the actual costs under the estimated. See Required Supplementary Information on page 79 for additional information. At June 30, 2014, Transportation Department infrastructure-related assets consisted of land, infrastructure and construction in progress of $368.4, $715.6, and $81.8 million, respectively. Capital assets for governmental activities are presented below (in millions) to illustrate changes from the prior year: Land Infrastructure Buildings and improvements (net of accumulated depreciation) Machinery and equipment (net of accumulated depreciation) Construction in progress Infrastructure (net of accumulated depreciation) Totals * Governmental Activities 2014 2013* $754.2 $728.5 715.6 702.8 Business-type Activities 2014 2013* $4.7 $4.7 2014 $758.9 715.6 2013* $733.2 702.8 % Chg P/Y 3.5 1.8 4.0 Total 1,405.6 1,349.6 26.6 28.0 1,432.2 1,377.6 93.2 385.3 94.1 375.0 0.3 1.9 0.4 93.5 387.2 94.5 375.0 (1.1) 3.3 178.9 $3,532.8 183.5 $3,433.5 $33.5 $33.1 178.9 $3,566.3 183.5 $3,466.6 (2.5) 2.9 Governmental activities, business-type activities, and the total columns’ capital asset amounts were adjusted in 2013 for beginning balance adjustments as a result of the change in presentation of the Housing Authority Fund from a special revenue fund to an Enterprise Fund and for corrections of prior periods. See Note 4 – Beginning Balances Restated for additional information. Capital assets, net of accumulated depreciation, increased by $99.7 million, or 2.9 percent, from the prior year. The most significant impact on the increase in capital assets for the fiscal year ended June 30, 2014, was the increase in buildings and improvements and land of $54.6 and $25.7 million, respectively, from the prior fiscal year. The increase in buildings and improvements is primarily due to projects completed during the fiscal year for the Sheriff’s Headquarters Building and related information technology infrastructure of $41.3 million and other information technology improvement projects of $21.5 million. The remaining increase is due to an increase in Transportation Department infrastructure-related land of $26.9 million. Transportation Department infrastructure-related assets increased a total of $12.8 million and Flood Control District infrastructure-related assets decreased by ($4.6) million from the prior year and accounted for changes in land, construction in progress, and infrastructure of $26.6, $43.2, and $8.2 million, respectively. 13 Management’s Discussion and Analysis (Continued) Long-Term Liabilities Maricopa County has the following bond ratings: Debt Instrument & Rating Agency Rating Date Awarded General Obligation Bonds (implied or issuer credit rating) Standard & Poor’s AAA January 2014 Lease Revenue Bonds Standard & Poor’s AA+ January 2014 At June 30, 2014, the County had total long-term liabilities (noncurrent liabilities due within one year and more than one year) outstanding of $222.1 million, which represents a $29.5 million decrease from the prior year balance of $251.6 million. The majority of the decrease is attributable to debt service payments made during fiscal year 2014 for lease revenue bonds ($11.4 million), and Stadium District loans ($5.7 million), a net decrease of Stadium District revenue bonds ($3.2 million) and reported and incurred but not reported claims ($8.0 million). The largest components of long-term liabilities at June 30, 2014, consisted of lease revenue bonds of $109.0 million, Stadium District revenue bonds of $19.3 million, and reported claims and incurred but not reported claims of $77.1 million. Lease revenue bonds applicable to governmental activities are paid from the County Improvement Debt Fund (debt service fund), which is funded by transfers from the General Fund. At June 30, 2014, the fund balance in the County Improvement Debt Fund to pay future liabilities was $19.5 million. 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. In September 2012, the Stadium District issued revenue refunding bonds in the amount of $25.1 million (par value) of which $19.3 million remains outstanding. Reported and incurred but not reported claims applicable to governmental activities of $77.1 million are reported in the Risk Management and Employee Benefits Trust funds (internal service funds). This is a decrease of $8.0 million from the prior year as noted above. This liability is primarily related to actuarial estimates for the County’s self-insured portion of future claims for general litigation related to torts; thefts 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. Additional information regarding long-term liabilities can be found in the Notes to Financial Statements (Note 14 – Long-Term Liabilities and Note 18 – Risk Management). On December 10, 2014, the Board of Supervisors approved a Declaration of Intent to issue tax exempt securities for reimbursement of expenditures related to the acquisition of equipment and/or capital purchases from the five year capital projects schedule. The maximum principal amount of obligation expected to be issued is $266.1 million. This Declaration of Intent does not represent the actual authorization to issue bonds, but gives the County the ability to reimburse authorized expenditures with tax exempt bond proceeds. A separate Board approval is required for the actual bond issuance. Economic Factors and Next Year’s Budget and Rates  Arizona’s economic growth slowed during the Spring of 2014, with job growth falling back to the U.S. average. Nonetheless, the state economy continues to expand and growth is likely to continue as long as the nation avoids recession. The forecast calls for state growth to pick up speed during fiscal years 2015-2017, with gains across most indicators far exceeding national results (www.eller.arizona.edu).  The U.S. Census Bureau reports that Maricopa County’s population increased by 1.7 percent from fiscal year 2012 to 2013 (www.census.gov). The unemployment rate in Maricopa County in September 2014 was 5.8 percent, which remains below both the state and national average of 6.9 percent and 5.9 percent, respectively (www.laborstats.az.gov). 14 Management’s Discussion and Analysis (Continued)  As reported by the U.S. Census Bureau, Maricopa County’s population increased 18.8 percent from 2003 to 2013, which is higher than the United States’ overall population increase of 8.7 percent for the same time period (www.census.gov). As part of the annual budget planning process, the County’s Office of Management and Budget developed a financial forecast to assist in both short and long range financial planning. This forecast provides a conservative estimate of the County’s fiscal condition through the next five years given a realistic economic forecast, current County policies and existing laws. The forecast was instrumental in the determination of the fiscal year 2015 budget and tax rate, which took into account several significant trends:  Net assessed property tax valuations increased in fiscal year 2015; however, the growth rate of net assessed valuations will be constrained beginning fiscal year 2016 for most property types due to the passage of Proposition 117, which caps the year-over-year property tax valuation increase to the lesser of the full cash value or 5 percent.  The primary property tax rate for fiscal years 2016 thought 2019 will adjust annually to a rate that retains a positive fund balance in the General Fund, resulting in a nearly flat tax rate during these years.  In fiscal year 2015, annual collections of State Shared Sales Tax, Vehicle License Tax, Highway User Revenues and County Jail Excise Tax revenues are anticipated to return to the peak level of collections in fiscal year 2007. Subsequent yearly growth rates are expected to decrease and average 5 percent from fiscal year 2016 through 2019. In accordance with A.R.S., the entire General Fund spendable fund balance amount (see page 10 for more information) will be budgeted 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, 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. 15 16 Financial Section Basic Financial Statements Basic Financial Statements Maricopa County Definitions of Government-wide Financial Statements and Listing of Major Funds Government-wide Financial Statements The Statement of Net Position presents information on all of Maricopa County’s assets and deferred outflows of resources and liabilities and deferred inflows of resources, with the difference between the two reported as net position. The Statement of Activities presents information showing how the government’s net position changed during the most recent fiscal year. All changes in net position 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 Detention 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 of one-cent sales tax to be used for the construction and operation of adult and juvenile detention facilities. On November 5, 2002, the voters approved the extension of the 1/5 of one-cent sales tax in the General Election to be used for jail facility operations. The extension begins in the month following the expiration of the original tax and may continue for not more than twenty years after the date the tax collection begins. The Detention Operations Fund accounts for the receipt of tax revenue, jail operations expenditures, and transfers to the Detention Capital Projects Fund and Detention Technology Capital Improvement Fund for construction of the adult and juvenile detention facilities and detention technology infrastructure. Debt Service Funds County Improvement Debt Fund – accounts for the debt service on the Lease Revenue Bonds, Series 2007A; and Lease Revenue Refunding Bonds, Series 2007B. Capital Projects Funds Detention Capital Projects Fund – accounts for construction associated with the 1/5 of one-cent sales tax approved by voters in the General Election on November 3, 1998, and extended by voters on November 5, 2002. Funding is provided by transfers from the Detention Operations Fund for construction of the adult and juvenile detention facilities. General Fund County Improvements Fund – was established to fund current and future capital projects. Fund assets may be used to pay directly for capital projects or may be appropriated by the Board of Supervisors for debt service. None of the funds has been pledged for debt service, and fund assets may be transferred by the Board of Supervisors at any time for any other County purpose. Technology Capital Improvement Fund – established by the Board of Supervisors to account for General Fund and other resources committed for technology improvement projects. Enterprise Funds Housing Authority Fund – accounts for the activity of the Housing Authority of Maricopa County. 19 Maricopa County Statement of Net Position June 30, 2014 PRIMARY GOVERNMENT Governmental Activities ASSETS Cash in bank and on hand Cash and investments held by County Treasurer Receivables (net of allowances for uncollectibles) Due from other governmental units Inventories Prepaids Miscellaneous Intergovernmental loans Cash and cash equivalents – restricted Cash and investments held by trustee – restricted Capital assets: Land Buildings and improvements Machinery and equipment Infrastructure – nondepreciable Infrastructure – depreciable Construction in progress Accumulated depreciation Total assets $ 29,701,654 1,187,537,737 19,227,413 168,158,614 8,965,806 4,569,793 2,234,903 16,351,094 Total liabilities NET POSITION Net investment in capital assets Restricted for: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service Unrestricted Total net position $ 2,612,708 794,312 57,634 57,611 3,177,669 39,532,795 Total $ 32,314,362 1,187,537,737 20,021,725 168,158,614 9,023,440 4,627,404 2,234,903 16,351,094 3,177,669 39,532,795 754,229,626 1,874,200,974 366,712,855 715,579,904 272,688,101 385,295,337 (835,869,129) 1,853,543 (42,315,190) 758,967,170 1,942,291,627 367,882,928 715,579,904 272,688,101 387,148,880 (878,184,319) 5,009,117,477 40,236,557 5,049,354,034 DEFERRED OUTFLOWS OF RESOURCES Deferred charges on debt refunding Total deferred outflows of resources LIABILITIES Accounts payable Accrued liabilities Employee compensation payable Interest payable Unearned revenue Advances Deposits held for other parties Noncurrent liabilities: Due within one year Due in more than one year Business-type Activities 4,737,544 68,090,653 1,170,073 523,477 523,477 523,477 523,477 74,492,022 11,286,386 91,386,315 2,476,074 6,981,756 49,423 3,170,352 1,279,033 211,595 94,790 50,624 92,490 208,362 75,771,055 11,497,981 91,481,105 2,526,698 7,074,246 49,423 3,378,714 48,024,503 167,749,224 66,373 6,307,558 48,090,876 174,056,782 405,616,055 8,310,825 413,926,880 3,423,302,960 28,227,151 3,451,530,111 2,199,816 3,920,999 377,446,517 75,747,721 27,670,249 37,700,793 3,053,137 18,915,251 3,920,999 377,446,517 75,747,721 25,470,433 37,700,793 3,053,137 18,915,251 638,467,088 $4,604,024,899 The notes to the financial statements are an integral part of this statement. 20 $ 1,498,765 639,965,853 31,925,732 $4,635,950,631 Maricopa County Statement of Activities For the Fiscal Year Ended June 30, 2014 Net (Expense) Revenue and Changes in Net Position Primary Government Program Revenues Operating Capital Expenses Charges for Services Grants and Contributions Grants and Contributions $ 207,955,003 $ 24,448,700 $ 12,511,475 $ 1,009,516,114 140,384,054 27,718,961 4,332,904 (837,080,195) 87,024,827 15,534,823 90,064,274 45,223,314 63,797,584 63,797,584 403,901,208 51,138,425 106,952,511 (245,810,272) (245,810,272) Culture and recreation 50,968,956 14,943,535 313,425 (35,698,607) (35,698,607) Education 26,684,832 5,237,255 465,823 21,552,304 (4,666,705) (5,237,255) (4,666,705) (5,237,255) 1,791,288,195 246,915,360 259,112,950 49,569,607 (1,235,690,278) (1,235,690,278) 25,070,360 6,741,213 15,529,154 1,440,065 (1,359,928) (1,359,928) 25,070,360 6,741,213 15,529,154 1,440,065 (1,359,928) (1,359,928) $ 1,816,358,555 $ 253,656,573 $ 274,642,104 $ 51,009,672 (1,359,928) (1,237,050,206) Governmental Activities Business-type Activities Total Functions/Programs Primary government: Governmental activities: General government Public safety Highways and streets Health, welfare and sanitation Interest on long-term debt Total governmental activities $ (170,994,828) 13,389 $ $ (170,994,828) (837,080,195) Business-type activities: Housing Authority Total business-type activities Total primary government (1,235,690,278) General revenues: Taxes: Property taxes, levied for general purposes 429,235,095 429,235,095 Property taxes, levied for Flood Control District 39,287,012 39,287,012 Property taxes, levied for Library District 14,246,516 14,246,516 Property taxes, levied for Street Lighting District 6,070,638 6,070,638 Share of state sales taxes 447,541,942 447,541,942 Sales tax – Jail construction and operation 133,929,831 133,929,831 Surcharge tax – Stadium District 5,394,707 5,394,707 Share of state vehicle license tax 126,137,174 126,137,174 Grants and contributions not restricted to specific programs 3,011,264 Unrestricted investment earnings 2,150,743 89 2,150,832 24,138,258 164,356 24,302,614 1,231,143,180 164,445 1,231,307,625 (4,547,098) 4,608,571,997 (1,195,483) 33,121,215 (5,742,581) 4,641,693,212 $4,604,024,899 $ 31,925,732 $4,635,950,631 Miscellaneous Total general revenues Change in net position Net position, July 1, 2013, as restated Net position, June 30, 2014 The notes to the financial statements are an integral part of this statement. 21 3,011,264 Maricopa County Balance Sheet Governmental Funds June 30, 2014 Detention Operations General ASSETS Cash in bank and on hand Cash and investments held by County Treasurer Receivables (net of allowances for uncollectibles) Due from other funds Due from other governmental units Inventories Miscellaneous Intergovernmental loans Cash and investments held by trustee – restricted Total assets LIABILITIES Accounts payable Employee compensation payable Accrued liabilities Due to other funds Interest payable Bonds payable Special assessment debt with governmental commitment Advances Unearned revenue Deposits held for other parties Total liabilities $ 26,087,885 28,965,929 10,663,487 10,159,725 86,131,500 4,770,325 481,111 16,351,094 $ $ 183,611,056 $ 75,017,341 $ $ 22,517,405 10,819,556 582,514 $ 5,217,707 4,579,990 2,795,951 $ $ 47,359,527 261,665 4,997,993 26,719,715 70,558 605,876 2,088,210 28,761,969 35,848,172 2,437,590 11,840,000 49,423 276,367 34,245,265 12,593,648 14,277,590 7,041,638 1,351,094 8,392,732 1,094,741 1,094,741 2,088,210 2,088,210 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax Unavailable revenue – intergovernmental Total deferred inflows of resources FUND BALANCES Nonspendable Restricted Committed Assigned Unassigned Total fund balances Total liabilities, deferred inflows of resources, and fund balances County Improvement Debt 19,770,325 70,558 61,258,394 113,712,308 7,490,426 140,973,059 $ 183,611,056 14,484,379 4,997,993 61,328,952 $ 75,017,341 19,482,372 $ 35,848,172 Amounts reported for governmental activities in the Statement of Net Position are different because: Capital assets used in governmental activities are not financial resources and therefore, are not reported in the funds. Some receivables 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 Position. Some deferred outflows, long-term liabilities and compensated absences are not due and payable shortly after June 30, 2014, and therefore, are not reported in the funds Net position of governmental activities The notes to the financial statements are an integral part of this statement. 22 Detention Capital Projects $ General Fund County Improvements $ 190,391,971 Technology Capital Improvement $ 301,187,443 Other Governmental Funds $ 246,363,176 835,566 282,822,070 1,491,744 Total Governmental Funds $ 53,219,189 2,216,556 1,147,916 $ 190,391,971 $ 301,187,443 $ 246,363,176 $ $ 103,671 $ 998,179 $ 9,603,332 $ 10,770,826 352,503,867 32,464,313 3,808,445 3,417,776 9,694,397 1,890 $ $ 6,981,756 2,591,547 58,964,463 70,904,607 19,207,991 6,796,241 9,694,397 2,439,480 11,840,000 4,339 49,423 6,981,756 3,170,352 131,088,586 583,489 4,313,988 4,897,477 7,625,127 8,848,033 16,473,160 22,057,439 541,960,456 554,526,504 113,712,308 5,104,573 4,339 46,359 150,030 256,079 1,254,258 9,603,332 299,933,185 236,759,844 2,216,556 275,975,742 12,835,482 299,933,185 236,759,844 (2,385,853) 288,641,927 190,241,941 190,241,941 $ 190,391,971 $ 301,187,443 $ 246,363,176 $ 26,923,451 1,102,088,109 12,416,896 10,159,725 168,158,614 7,057,439 2,234,903 16,351,094 39,532,795 1,384,923,026 1,237,361,280 352,503,867 3,528,786,434 16,473,160 18,656,279 $ 23 (197,252,254) 4,604,024,899 Maricopa County Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds For the Fiscal Year Ended June 30, 2014 Detention Operations General County Improvement Debt REVENUES Taxes $ Licenses and permits 422,074,283 $ 133,929,831 $ 2,745,683 Intergovernmental 592,086,027 1,127,899 Charges for services 39,288,109 27,148,722 2,081,427 Fines and forfeits 11,779,626 475,529 8,191,440 122,020 781,004 74,540 1,076,640,697 163,109,476 2,155,967 Special assessments Interest income Miscellaneous Total revenues EXPENDITURES Current: General government 127,650,242 Public safety 485,672,799 338,199,923 Highways and streets Health, welfare and sanitation 249,104,319 Culture and recreation 2,410,970 Education 3,468,762 Debt service: Principal 11,840,000 Interest 4,875,180 Other expenses Capital outlay Total expenditures 12,648,247 2,979,351 880,955,339 341,179,274 16,715,180 195,685,358 (178,069,798) (14,559,213) 2,137,750 (335,306,799) 173,981,440 (7,761,018) 3,082,630 (333,169,049) 166,220,422 3,082,630 (137,483,691) (11,849,376) (11,476,583) 277,830,627 73,179,418 30,958,955 626,123 (1,090) Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources (uses) Net change in fund balances Fund balances, July 1, 2013, as restated Changes in nonspendable resources: Increase (decrease) in inventories Fund balances, June 30, 2014 $ 140,973,059 The notes to the financial statements are an integral part of this statement. 24 $ 61,328,952 $ 19,482,372 Detention General Fund Technology Other Total Capital Projects County Improvements Capital Improvement Governmental Funds Governmental Funds $ $ $ $ 130,384 130,384 $ 59,123,121 $ 615,127,235 41,549,380 44,295,063 286,546,440 879,890,750 89,899,796 158,418,054 17,202,089 28,981,715 6,070,638 6,070,638 356,894 7,913,831 1,028,983 16,886,275 508,662,189 1,750,698,713 8,020,499 135,670,741 136,145,229 960,017,951 51,635,626 51,635,626 151,177,977 400,282,296 34,525,962 36,936,932 23,038,093 26,506,855 8,902,071 20,742,071 516,001 5,391,181 1,250 228,759,097 6,576,425 23,147,414 46,960,595 1,250 136,447,065 6,576,425 23,147,414 46,960,595 550,409,773 1,865,944,000 (6,576,425) (23,017,030) (46,960,595) (41,747,584) (115,245,287) 7,248,089 145,164,013 85,111,435 100,104,867 516,830,224 (25,000,001) (17,751,912) (75,531,121) 69,632,892 (2,020,000) 83,091,435 (75,677,793) 24,427,074 (521,296,732) (4,466,508) (24,328,337) 46,615,862 36,130,840 (17,320,510) (119,711,795) 214,570,278 253,317,323 200,629,004 306,126,009 1,356,611,614 (163,572) 461,461 190,241,941 $ 299,933,185 $ 236,759,844 25 $ 288,641,927 $ 1,237,361,280 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, 2014 Net change in fund balances – total governmental funds (page 25) $ (119,711,795) Amounts reported for governmental activities in the Statement of Activities on page 21 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. 112,108,083 The net effect of various miscellaneous transactions involving capital assets is to decrease net position. (11,935,502) Collections of certain revenues in the governmental funds exceeded revenues reported in the Statement of Activities. (748,055) The issuance of long-term debt (e.g., bonds, leases) provides current financial resources to governmental funds, while the repayment of the principal of longterm debt consumes the current financial resources of governmental funds. Neither transaction, however, has any effect on net position. 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. 20,230,750 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. (2,241,492) 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 expense of internal service funds is reported with governmental activities. (2,249,087) Change in net position of governmental activities (page 21) The notes to the financial statements are an integral part of this statement. 26 $ (4,547,098) 27 Maricopa County Statement of Net Position Proprietary Funds June 30, 2014 Business-type Activities – Enterprise Fund Governmental Activities – Internal Service Funds Housing Authority ASSETS Current assets: Cash in bank and on hand $ 2,612,708 $ Cash and investments held by County Treasurer 2,778,203 85,449,628 Receivables: Accounts 794,312 6,702,546 57,634 1,908,367 57,611 3,177,669 4,569,793 6,699,934 101,516,508 Accrued interest 107,971 Inventories Prepaids Cash and cash equivalents – restricted Total current assets Noncurrent assets: Capital assets: Land 4,737,544 Buildings and improvements 68,090,653 Machinery and equipment 1,170,073 15,110,259 1,853,543 (42,315,190) (11,059,025) Total noncurrent assets 33,536,623 4,051,234 Total assets 40,236,557 105,567,742 1,279,033 3,587,415 94,790 1,221,119 Accrued liabilities 262,219 4,490,145 Unearned revenue 92,490 Construction in progress Accumulated depreciation LIABILITIES Current liabilities: Accounts payable Employee compensation payable Deposits held for other parties 208,362 Due to other funds 465,328 Liability for reported and incurred but not reported claims (current portion) 30,763,988 66,373 Long-term debt (current portion) 2,003,267 Total current liabilities 40,527,995 Noncurrent liabilities: Liability for reported and incurred but not reported claims 46,383,468 6,307,558 Long-term debt Total noncurrent liabilities 6,307,558 46,383,468 Total liabilities 8,310,825 86,911,463 28,227,151 4,051,234 NET POSITION Net investment in capital assets Restricted for health, welfare, and sanitation 2,199,816 1,498,765 Unrestricted Total net position $ 31,925,732 The notes to the financial statements are an integral part of this statement. 28 14,605,045 $ 18,656,279 Maricopa County Statement of Revenues, Expenses, and Changes in Fund Net Position Proprietary Funds For the Fiscal Year Ended June 30, 2014 Business-type Activities – Enterprise Fund Housing Authority Governmental Activities – Internal Service Funds OPERATING REVENUES Charges for services $ Intergovernmental Miscellaneous Total operating revenues 6,741,213 $ 187,014,743 15,529,154 164,356 5,476,337 22,434,723 192,491,080 2,800,411 13,042,007 OPERATING EXPENSES Personal services Supplies 17,031,934 Other services 628,581 Housing assistance payments 11,307,650 15,889,813 Legal 6,112,202 Insurance and claims 330,157 140,646,316 2,212,451 2,182,431 980,725 1,910,856 7,799,543 1,174,966 24,752,994 199,500,904 Leases and rentals 61,346 Repairs and maintenance Travel and transportation 142,509 Utilities Depreciation Total operating expenses Operating loss (2,318,271) (7,009,824) NONOPERATING REVENUES (EXPENSES) Investment income 89 Loss on disposal of capital assets 219,689 (2,431) (2,466) Premium refund 3,450,568 Return of contributions (3,423,209) Interest expense Other expense Total nonoperating revenues (expenses) Loss before contributions and transfers Capital contributions (240,156) (74,779) (317,277) 244,582 (2,635,548) (6,765,242) 1,440,065 49,647 4,466,508 (1,195,483) (2,249,087) 33,121,215 20,905,366 Transfers in Change in net position Total net position, July 1, 2013, as restated Total net position, June 30, 2014 $ 31,925,732 $ 18,656,279 The notes to the financial statements are an integral part of this statement. 29 Maricopa County Statement of Cash Flows Proprietary Funds For the Fiscal Year Ended June 30, 2014 Business-type Activities – Enterprise Fund Housing Authority CASH FLOWS FROM OPERATING ACTIVITIES Charges for services Other receipts Payments for goods and services Payments for personal services and benefits Net cash provided by (used for) operating activities $ 22,651,452 Governmental Activities Internal Service Funds $ 102,212 5,476,337 (20,274,793) (2,134,104) (198,653,831) (12,889,485) 344,767 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Transfers from other funds Loan payments to General Fund Operating net asset adjustment premium refund Premium refund Return of contributions Payments on long-term debt Net cash provided by (used for) noncapital financing activities 181,694,799 (24,372,180) 4,466,508 (17,983) 4,947,028 3,450,568 (3,423,209) (11,552) (11,552) CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Acquisition of capital assets Capital grants received Proceeds from issuance of debt Payments on long-term debt 9,422,912 (2,387,360) (288,692) 923,709 1,931,909 (26,441) 441,817 Net cash provided by (used for) capital and related financing activities CASH FLOWS FROM INVESTING ACTIVITIES Interest and dividends Net cash provided by investing activities Net increase (decrease) in cash and cash equivalents (288,692) 86,078 239,732 86,078 239,732 861,110 (14,998,228) 4,929,267 Cash and cash equivalents, July 1, 2013 Cash and cash equivalents, June 30, 2014 RECONCILIATION OF OPERATING LOSS TO NET CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES: Operating loss Adjustments to reconcile operating income (loss) to net cash provided by (used for) operating activities: Depreciation expense Liability for reported and incurred but not reported claims - noncurrent Changes in assets [(increase)/decrease] and liabilities [increase/(decrease)]: Accounts receivable Inventories Prepaids Other assets Accounts payable Employee compensation payable Accrued liabilities Long-term debt Liability for reported and incurred but not reported claims - current Other liabilities $ 5,790,377 $ 88,227,831 $ (2,318,271) $ (7,009,824) 1,910,856 SCHEDULE OF NONCASH INVESTING, CAPITAL AND NONCAPITAL FINANCING ACTIVITIES: Accumulated depreciation from disposed capital assets Machinery and equipment disposed Loss on disposal of capital assets Capital assets transferred from governmental activities Capital contributions The notes to the financial statements are an integral part of this statement. 30 1,174,966 1,426,469 262,578 62,131 (5,319,944) (387,887) (152,704) (4,760) 438,718 303,818 152,522 36,766 (66,421) (5,127,518) (9,432,078) 23,170 $ Net cash provided by (used for) operating activities 103,226,059 $ 344,767 $ 16,520 $ (18,951) 2,431 (24,372,180) 370,763 (373,229) 2,466 49,647 (49,647) 31 Maricopa County Statement of Fiduciary Net Position Fiduciary Funds June 30, 2014 Investment Trust Fund Agency Fund Assets Cash and investments in bank and on hand $ Cash and investments held by County Treasurer $ 2,271,990,938 1,961,561 2,273,952,499 Accrued interest receivable Total assets 29,875,467 742,557 $ 30,618,024 Liabilities Accounts payable $ 57,036 $ 334,944 30,226,044 30,618,024 Accrued liabilities Deposits held for other parties Total liabilities Net Position Held in trust for investment participants $ 2,273,952,499 The notes to the financial statements are an integral part of this statement. 32 Maricopa County Statement of Changes in Fiduciary Net Position Fiduciary Funds For the Fiscal Year Ended June 30, 2014 Investment Trust Fund Additions: Contributions from participants $ 9,960,452,709 Investment income: Interest income 7,057,043 (7,273,017) Net change in fair value of investments (215,974) Net investment income 9,960,236,735 Total additions Deductions: 9,998,233,002 Distributions to participants 9,998,233,002 Total deductions Change in net position (37,996,267) 2,311,948,766 Net position, July 1, 2013 Net position, June 30, 2014 $ 2,273,952,499 The notes to the financial statements are an integral part of this statement. 33 34 Financial Section Basic Financial Statements - Notes Basic Financial Statements - Notes Maricopa County Basic Financial Statements – Notes NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES NOTE 2 FUND BALANCE CLASSIFICATIONS OF THE GOVERNMENTAL FUNDS NOTE 3 REPORTING CHANGES NOTE 4 BEGINNING BALANCES RESTATED NOTE 5 RECONCILIATION STATEMENTS NOTE 6 STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY NOTE 7 DEPOSITS AND INVESTMENTS NOTE 8 CONDENSED FINANCIAL STATEMENTS OF COUNTY TREASURER’S INVESTMENT POOL NOTE 9 RECEIVABLES NOTE 10 DUE FROM OTHER GOVERNMENTAL UNITS NOTE 11 INTERGOVERNMENTAL LOANS NOTE 12 CAPITAL ASSETS NOTE 13 CONSTRUCTION AND OTHER SIGNIFICANT COMMITMENTS NOTE 14 LONG-TERM LIABILITIES NOTE 15 MUNICIPAL LANDFILL CLOSURE AND POSTCLOSURE CARE COSTS NOTE 16 MUNICIPAL REVOLVING LINE OF CREDIT AND IRREVOCABLE STANDBY LETTER OF CREDIT NOTE 17 OPERATING LEASES NOTE 18 RISK MANAGEMENT NOTE 19 POLLUTION REMEDIATION OBLIGATIONS NOTE 20 PENSIONS AND OTHER POSTEMPLOYMENT BENEFITS NOTE 21 INTERFUND BALANCES AND ACTIVITY OF GOVERNMENT-WIDE 37 AND FUND FINANCIAL Notes to the Financial Statements (Continued) NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Maricopa County’s accounting policies conform to generally accepted accounting principles applicable to governmental units adopted by the Governmental Accounting Standards Board (GASB). For the year ended June 30, 2014, the County implemented the provisions of GASB Statement No. 65, Items Previously Reported as Assets and Liabilities. GASB Statement No. 65 reclassifies certain items that were previously reported as assets and liabilities as deferred outflows of resources or deferred inflows of resources and recognizes certain other items that were previously reported as assets and liabilities as revenues or expenses. A. Reporting Entity Maricopa County is a general purpose local government that is 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 so intertwined with the County that they are in substance part of the County’s operations. Component units should be blended in the County’s financial statements when the component unit’s governing body is substantively the same as the County’s governing body and there is either a financial benefit or burden relationship between the County and the component unit or county management has operational responsibility for it; the component unit provides services entirely, or almost entirely, to the County; or the component unit’s total debt outstanding is expected to be repaid entirely or almost entirely with the County’s resources. 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 government-wide financial statements to emphasize they are legally separate from the County. Maricopa County does not report any discretely presented component units. Each blended component unit discussed below has a June 30 year-end. The reporting entity is 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, Maricopa County Street Lighting Districts, and Housing Authority of Maricopa County. The blended component units are as follows: Maricopa County Flood Control District The Maricopa County Flood Control District is a legally separate, tax-levying entity pursuant to A.R.S. §48-3602 that provides flood control facilities and regulates floodplains and drainage to prevent flooding of property in Maricopa County. As the Maricopa County Board of Supervisors serves as the Board of Directors of the Flood Control District, it is able to significantly influence the programs, projects, activities, or level of services provided by the District; therefore, the District is considered a blended component unit of the County. Maricopa County Library District The Maricopa County Library District is a legally separate, tax-levying entity pursuant to A.R.S. §483901 that provides and maintains library services for the residents of Maricopa County. As the Maricopa County Board of Supervisors serves as the Board of Directors of the Library District, it is able to significantly influence the programs, projects, activities, or level of services provided by the District; therefore, the District is considered a blended component unit of the County. 38 Notes to the Financial Statements (Continued) Maricopa County Public Finance Corporation Maricopa County Public Finance Corporation is a nonprofit corporation created by the Maricopa County Board of Supervisors that exists primarily to assist the County in the acquisition, construction, and improvement of County facilities, including real property and personal property. The Board of Directors of the Public Finance Corporation is subject to the approval of the County Board of Supervisors and the corporation exists primarily for the benefit of the County; therefore, the Corporation is considered a blended component unit of the County. The Corporation has issued lease revenue bonds on behalf of the County. Since this debt is in substance the County’s obligation, these liabilities and resulting assets are reported on the County’s financial statements. Maricopa County Special Assessment Districts The Maricopa County Special Assessment Districts are legally separate entities that provide improvements to various properties within the County. As the Maricopa County Board of Supervisors serves as the Board of Directors of the Special Assessment Districts, it is able to significantly influence the activities or level of services provided by the Districts; therefore, the Districts are considered a blended component unit of the County. Maricopa County Stadium District The Maricopa County Stadium District is a legally separate entity pursuant to A.R.S. §48-4202 that provides regional leadership and fiscal resources to assure the presence of Major League Baseball in Maricopa County. As the Maricopa County Board of Supervisors serves as the Board of Directors of the Stadium District, it is able to significantly influence the programs, projects, activities, or level of services provided by the District; therefore, the District is considered a blended component unit of the County. The Stadium District also issues separate financial statements. Complete financial statements for the Maricopa County Stadium District may be obtained at the entity’s administrative office listed below: Maricopa County Stadium District 401 East Jefferson Phoenix, Arizona 85004 www.maricopa.gov/stadiumdistrict/ Maricopa County Street Lighting Districts The Maricopa County 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 Maricopa County Board of Supervisors serves as the Board of Directors of the Street Lighting Districts, it is able to significantly influence the programs, projects, activities, or level of services provided by the District; therefore, the Districts are considered a blended component unit of the County. Housing Authority of Maricopa County The Housing Authority is a legally separate entity pursuant to A.R.S. §36-1404 that provides efficient and affordable rental housing to low-income households of Maricopa County. As the Maricopa County Board of Supervisors serves as the Housing Authority’s Board of Commissioners, it is able to significantly influence the programs, projects, activities, or level of services provided by the Housing Authority; therefore, the Housing Authority is a blended component unit of the County. The Housing Authority also issues separate financial statements which include three discretely presented component units, Rose Terrace Development Partnership, L.L.C., Rose Terrace Development Partnership Phase II, L.L.C, and Maricopa Revitalization Partnership, L.L.C. These component units are combined and reported with the Housing Authority as a single enterprise fund on Maricopa County’s financial statements. 39 Notes to the Financial Statements (Continued) Complete financial statements for the Housing Authority of Maricopa County and their component units may be obtained at the entity’s administrative office listed below: Housing Authority of Maricopa County th 8910 N. 78 Avenue, Building D Peoria, Arizona 85345 www.maricopahousing.org 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 financial statements. The government-wide statements focus on the County as a whole, while the fund 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 information’s usefulness. Government-wide financial statements – provide information about the primary government (the County) and its component units. The statements include a statement of net position and a statement of activities. These statements report the overall government’s financial activities, 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. The statement of activities presents a comparison between direct expenses and program revenues for each function of the County’s governmental 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, including special assessments. Revenues that are not classified as program revenues, including internally dedicated resources, unrestricted grant revenues, and all taxes the County levies or imposes, 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 40 Notes to the Financial Statements (Continued) and enterprise funds, each displayed in a separate column. All remaining governmental funds are aggregated and reported as nonmajor funds. Internal service and fiduciary funds are aggregated and reported by fund type. Proprietary fund revenues and expenses are classified as either operating or nonoperating. Operating revenues and expenses generally result from transactions associated with the fund’s principal activity. Accordingly, revenues, such as user charges, in which each party receives and gives up essentially equal values, are reported as operating revenues. Other revenues, such as subsidies, result from transactions in which the parties do not exchange equal values and are considered nonoperating revenues along with investment earnings and revenues ancillary activities generate. Operating expenses include the cost of services, administrative expenses, and depreciation on capital assets. Other expenses, such as interest expense, are considered nonoperating expenses. 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 Detention 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 of one-cent sales tax to be used for the construction and operation of adult and juvenile detention facilities. On November 5, 2002, the voters approved the extension of the 1/5 of one-cent sales tax in the General Election to be used for jail facility operations. The extension begins in the month following the expiration of the original tax and may continue for not more than twenty years after the date the tax collection begins. The Detention Operations Fund accounts for the receipt of tax revenue, jail operations expenditures, and transfers to the Detention Capital Projects Fund and Detention Technology Capital Improvement Fund for construction of the adult and juvenile detention facilities and detention technology infrastructure. The County Improvement Debt Fund – accounts for the debt service on the Lease Revenue Bonds, Series 2007A; Lease Revenue Refunding Bonds, Series 2007B; and other long-term obligations. This fund’s main revenue source is from transfers for the repayment of debt. The Detention Capital Projects Fund – accounts for construction associated with the 1/5 of one-cent sales tax approved by voters in the General Election on November 3, 1998, and extended by the voters on November 5, 2002. Funding is provided by transfers from the Detention Operations Fund for construction of the adult and juvenile detention facilities. The General Fund County Improvements Fund – was established to fund current and future capital projects. Fund assets may be used to pay directly for capital projects or may be appropriated by the Board of Supervisors for debt service. Revenues in this fund consist mainly of transfers from the General Fund. None of the funds has been pledged for debt service, and fund assets may be transferred by the Board of Supervisors at any time for any other County purpose. The Technology Capital Improvement Fund – was established to account for General Fund and other resources committed for technology improvement projects. The County reports the following major enterprise fund: The Housing Authority Fund – accounts for the activities of the Housing Authority of Maricopa County. The County also 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. 41 Notes to the Financial Statements (Continued) The investment trust fund – accounts for pooled assets the County Treasurer holds and invests on behalf of other governmental entities. The agency fund – accounts for assets the County holds as an agent for other governments and individuals. C. Basis of Accounting The government-wide, proprietary fund, and fiduciary fund financial statements are presented using the economic resources measurement focus and the accrual basis of accounting. The agency funds are custodial in nature and do not have a measurement focus but utilize the accrual basis of accounting for reporting its assets and liabilities. 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. 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 they become both 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. The County’s major revenue sources that are susceptible to accrual are property taxes, intergovernmental, charges for services, and investment income. Expenditures are recorded when the related fund liability is incurred, except for principal and interest on general long-term debt, landfill closure and postclosure care costs, pollution remediation obligations, claims and judgments, and compensated absences, which are recognized as expenditures to the extent they are due and payable. General capital asset acquisitions are reported as expenditures in governmental funds. Loan proceeds 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 position resources available to finance the program. For these types of programs, the County applies grant resources to such programs before using general revenues. For all other programs, the County uses unrestricted revenues first. D. Cash and Investments For the statement of cash flows, the County’s cash and cash equivalents are considered to be cash on hand, demand deposits, cash and investments held by the County Treasurer, and only those highly liquid investments with a maturity of three months or less when purchased. Short-term debt investments, with remaining maturities of up to 90 days at the date of the financial statements, and nonparticipating interest-earning investment contracts are reported at amortized cost. All other investments are stated at fair value. E. Inventories The County accounts for its inventories in the governmental funds using the purchase method. 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 as nonspendable fund balance to indicate that they do not constitute “available spendable resources.” These inventories are stated at weighted-average cost. 42 Notes to the Financial Statements (Continued) Inventories of government-wide and the internal service funds financial statements are recorded as assets when purchased and expensed when consumed. The amounts shown on the statement of net position for government-wide and the internal service funds are valued at cost using first-in, first-out and the moving average methods, respectively. 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. 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 as assets with an initial, individual cost of more than $5,000. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at estimated fair 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 are depreciated using the straight-line method over the following estimated useful lives: Type of Assets Buildings and improvements Infrastructure Autos and trucks Other equipment Estimated Useful Life (In Years) 20 - 50 25 - 50 3 - 10 3 - 20 All infrastructure assets are reported on the government-wide financial statements. Infrastructure maintained by the County Department of Transportation consists of roadways, bridges and related assets. These assets are not depreciated as they are reported using the modified approach. Under the modified approach, the County’s roadway and bridge systems are being preserved at a specified condition level established by the County. For information on the modified approach, see Required Supplementary Information – Modified Approach for Infrastructure Assets. The Flood Control District accounts for the County’s remaining infrastructure assets consisting of drainage systems, dams, flood channels and canals. For the Department of Transportation’s infrastructure assets owned prior to fiscal year 2002, the County estimated their historical cost. The fair market value for right-of-way assets was estimated based on current regional land acquisitions and deflated by the trended growth rate, as determined by the County assessed valuation from the State of Arizona Department of Revenue Abstract of the Assessment Roll for vacant land, agriculture and government property not including legally exempt land. The fair market value for roadway system assets was estimated based on current construction costs and deflated using the Price Trends for Federal-Aid Highway Construction, published by the U.S. Department of Transportation, Federal Highway Administration, Office of Program Administration and Office of Infrastructure. Flood Control District infrastructure assets are accounted for using the straight-line depreciation method with a useful life between 25 and 50 years. For infrastructure assets owned prior to fiscal year 2002, the County used internal records, maintained by the Flood Control District, to estimate Flood Control’s historical cost for these assets. 43 Notes to the Financial Statements (Continued) H. Deferred Outflows/Inflows of Resources The statement of net position and balance sheet include separate sections for deferred outflows of resources and deferred inflows of resources. Deferred outflows of resources represent a consumption of net position that applies to future periods that will be recognized as an expense or expenditure in future periods. Deferred inflows of resources represent an acquisition of net position or fund balance that applies to future periods and will be recognized as revenue in future periods. I. Fund Balance Classifications The governmental funds’ fund balances are reported separately within classifications based on a hierarchy of the constraints placed on those resources’ use. The classifications are based on the relative strength of the constraints that control how the specific amounts can be spent. The classifications are nonspendable, restricted, and unrestricted, which includes committed, assigned, and unassigned fund balance classifications. The nonspendable fund balance classification includes amounts that cannot be spent because they are either not in spendable form, such as inventories, or are legally or contractually required to be maintained intact. Restricted fund balances are those that have externally imposed restrictions on their usage by creditors (such as through debt covenants), grantors, contributors, or laws and regulations. The unrestricted fund balance category is composed of committed, assigned, and unassigned resources. Committed fund balances are self-imposed limitations the County’s Board of Supervisors approved, which is the highest level of decision-making authority within the County. Only the Board can remove or change the constraints placed on committed fund balances. Assigned fund balances are resources constrained by the County’s intent to be used for specific purposes, but are neither restricted nor committed. Only the Board of Supervisors has authorization to assign fund balances. The unassigned fund balance is the residual classification for the General Fund and includes all spendable amounts not reported in the other classifications. Also, deficits in fund balances of the other governmental funds are reported as unassigned. The County’s policy is to account for most restricted and committed revenue sources (subject to legal restriction, etc.) by segregating them in a separate fund; however, by its nature, the General Fund may have several different classifications of fund balance. Therefore, when expending General Fund fund balance, if an expenditure is incurred that can be paid from either restricted or unrestricted fund balances, it is the County’s policy to use unrestricted fund balance first. For the disbursement of unrestricted fund balances, it is the County’s policy to use unassigned amounts first, followed by assigned amounts, and lastly committed amounts. J. Investment Income Investment income is composed of interest, dividends, and net changes in the fair value of applicable investments. K. Compensated Absences Compensated absences consist of vacation leave and a calculated amount of sick leave employees earned based on services already rendered. Employees may accumulate, and roll-over from year-toyear, up to 240 or 320 hours (depending on employee classification) 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 terminating employment, all unused vacation benefits are paid to employees. Accordingly, vacation benefits are accrued as a liability in the financial statements. 44 Notes to the Financial Statements (Continued) Employees may accumulate an unlimited number of sick leave hours. Generally, sick leave benefits provide for ordinary sick pay and are cumulative but employees forfeit them upon terminating 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 $10,000 nontaxable investment in a Post-Employment Health Plan (PEHP) established pursuant to Internal Revenue Code §501(c)(9). The obligations vested at June 30, 2014, under this policy are accrued as a liability. Compensated absences are substantially paid within one year from fiscal year-end and, therefore, are reported as a current liability on the government-wide financial statements. A liability for these amounts is reported in the governmental funds’ financial statements only if they have matured, for example, as a result of employee resignations and retirements by fiscal year-end. NOTE 2 – FUND BALANCE CLASSIFICATIONS OF THE GOVERNMENTAL FUNDS The fund balance classifications of the governmental funds as of June 30, 2014, were as follows: General Fund Fund balances: Nonspendable: Inventory Loan receivable Total nonspendable $ 4,770,325 $ 15,000,000 19,770,325 Restricted for: Debt service Education Flood control General government Health and welfare Judicial activities Law enforcement Library District Other purposes Parks and recreation Social services Stadium District Transportation Waste management Total restricted Detention Operations Fund 70,558 $ $ General Fund County Improvements Fund $ Technology Capital Improvement Fund $ Other Governmental Funds $ 2,216,556 4,430,872 3,053,137 41,004,478 37,801 21,389,253 18,436,469 61,203,088 13,130,259 9,405,861 5,812,455 146,731 18,758,079 76,696,424 2,470,835 275,975,742 18,915,251 3,053,137 41,004,478 37,801 21,389,253 18,436,469 312,703,423 13,130,259 9,405,861 5,812,455 146,731 18,758,079 76,696,424 2,470,835 541,960,456 236,759,844 128,250 236,759,844 9,434,563 3,272,669 12,835,482 536,821,279 4,997,993 9,434,563 3,272,669 554,526,504 14,484,379 61,258,394 61,258,394 190,241,941 14,484,379 190,241,941 299,933,185 2,216,556 4,997,993 4,997,993 Assigned to: General government Total assigned 299,933,185 113,712,308 113,712,308 $ 140,973,059 $ $ 113,712,308 113,712,308 7,490,426 Unassigned Total 7,057,439 15,000,000 22,057,439 70,558 Committed to: Capital projects Debt service Health and welfare Other purposes Total committed Total fund balances Detention Capital Projects Fund County Improvement Debt Fund (2,385,853) 61,328,952 $ 19,482,372 $ 190,241,941 $ 299,933,185 $ 236,759,844 $ 288,641,927 5,104,573 $ 1,237,361,280 Stabilization Arrangements – The Board of Supervisors has the authority to authorize and establish a stabilization arrangement by formal action. Subsequent modification, addition to, or expenditure from any stabilization arrangements also requires formal action by the Board of Supervisors, the highest level of decision-making authority within the County. At June 30, 2014, the General Fund did not have fund balances committed for budget stabilization. 45 Notes to the Financial Statements (Continued) NOTE 3 – REPORTING CHANGES Beginning in fiscal year 2014, the Housing Authority Fund will be reported as major proprietary fund (enterprise fund). In the prior year, the Housing Authority Fund was reported as a nonmajor governmental fund (special revenue fund). This reporting change is consistent with the Housing Authority Fund’s separately issued financial statements. In addition, the County established the Sheriff Towing and Impound Fund (special revenue fund), a nonmajor governmental fund. The County also renamed several funds to unify the fund names with the County’s Annual Business Strategies budget book. NOTE 4 – BEGINNING BALANCES RESTATED On July 1, 2013, Maricopa County restated governmental funds beginning fund balance and governmental activities beginning net position for a prior period correction of $3,618,275 related to inmate billing revenues in the Detention Operations Fund that should have been recorded in a prior fiscal year. On July 1, 2013, Maricopa County restated beginning net position of governmental activities and the internal service funds for a prior period correction related to the Employee Benefits Trust Fund of $4,947,028 for an overpayment of capitation expense that was refunded by the insurance provider. On July 1, 2013, Maricopa County restated governmental activities capital asset and beginning net position balances by ($877,533) for construction in progress related to non-deployed vehicles that should have been deleted in a prior fiscal year. In fiscal year 2013, the Housing Authority Fund was reported as special revenue fund. Beginning July 1, 2013, the Housing Authority Fund is presented as an enterprise fund to correspond with the manner in which they are presented in the Housing Authority of Maricopa County's separately issued audited financial statements. As a result, on July 1, 2013, Maricopa County restated beginning fund balance of the governmental funds for ($4,872,010) and beginning net position of governmental activities, businesstype activities and the enterprise funds of ($33,217,783). In addition, on July 1, 2013, the Housing Authority restated beginning business-type activities and enterprise fund net position of ($96,568) for the net unamortized balance of debt issuance costs in accordance with the implementation of GASB 65. On July 1, 2013, the County restated governmental activities infrastructure asset and net position balances by ($22,395,238) for corrections of prior periods resulting from infrastructure assets that that should have been deleted in a prior fiscal year. Beginning net position and beginning fund balances were adjusted for the above, as follows: Governmental Activities Net position/fund balance reported as of June 30, 2013 Plus: Detention Operations Fund receivables Plus: Employee Benefits Minus: Construction In Progress corrections Plus/(Minus): Housing Authority Reclassification Minus: Housing Authority GASB 65 Minus: Infrastructure corrections Net position/fund balance as of July 1, 2013, as restated Businesstype Activities $ 4,656,497,248 $ 3,618,275 4,947,028 (877,533) (33,217,783) Total Governmental Funds Enterprise Fund – Housing Authority $ 1,357,865,349 $ Internal Service Funds $ 15,958,338 3,618,275 4,947,028 33,217,783 (96,568) ($4,872,010) 33,217,783 (96,568) (22,395,238) $ 4,608,571,997 $ 33,121,215 46 $ 1,356,611,614 $ 33,121,215 $ 20,905,366 Notes to the Financial Statements (Continued) NOTE 5 – RECONCILIATION OF GOVERNMENT-WIDE AND FUND FINANCIAL STATEMENTS The Governmental Funds Balance Sheet includes the reconciliation between fund balances – total governmental funds and net position – Governmental Activities as reported in the government-wide Statement of Net Position. The details of this reconciliation follow: Fund balances – total governmental funds $ 1,237,361,280 Capital assets used in governmental activities are not financial resources and therefore, are not reported in the funds. 754,229,626 1,874,200,974 351,602,596 988,268,005 385,295,337 (824,810,104) 3,528,786,434 Land Buildings and improvements Machinery and equipment Infrastructure Construction in progress Accumulated depreciation Net governmental funds capital assets at June 30, 2014 Some receivables are not available to pay for current period expenditures and therefore, are reported as unavailable revenue in funds. 7,625,127 4,286,665 4,561,368 16,473,160 Unavailable revenue for property taxes receivable at June 30, 2014 Unavailable revenue for grant revenues receivable at June 30, 2014 Unavailable revenue for other revenues receivable at June 30, 2014 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 Position. 18,656,279 Some deferred outflows, long-term liabilities, and compensated absences are not due and payable shortly after June 30, 2014, and therefore, are not reported in the funds. (97,135,000) (19,260,000) (45,126) 523,477 (559,708) (1,546,046) (70,957,205) (8,236,052) (36,594) (197,252,254) Noncurrent lease revenue bonds due in more than one year at June 30, 2014 Stadium District revenue bonds payable at June 30, 2014 Special assessment debt with governmental commitment payable at June 30, 2014 Deferred charges on debt refunding at June 30, 2014 Bond premium unamortized at June 30, 2014 Claims and judgments at June 30, 2014 Governmental funds compensated absences payable at June 30, 2014 Liability for closure and postclosure costs at June 30, 2014 Accrued interest payable at June 30, 2014 $ Net position of governmental activities 47 4,604,024,899 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 position of governmental activities as reported in the government-wide Statement of Activities. The details of this reconciliation follow: Net change in fund balances – total governmental funds $ (119,711,795) 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, 2014 Add: Internal service funds depreciation expense for the year ended June 30, 2014 194,236,812 (83,303,695) 1,174,966 112,108,083 The net effect of various miscellaneous transactions involving capital assets is to decrease net position. Donations of capital assets Net value of disposed capital assets for the year ended June 30, 2014 24,649,051 (36,584,553) (11,935,502) Collections of certain revenues in the governmental funds exceeded revenues reported in the Statement of Activities. Also, revenue in the Statement of Activities that do not provide current financial resources are not reported as revenues in the funds. Collections of grant revenues plus current-year revenues exceeding amount reported as earned during the year ended June 30, 2014 Collections of property taxes plus current-year revenues exceeding amount reported as earned during the year ended June 30, 2014 Other revenue earned during the year ended June 30, 2014 (2,463,534) (2,845,889) 4,561,368 (748,055) 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 position. Also, governmental funds report the effect of premiums, discounts, and similar items when debt is issued, whereas these amounts are 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 lease revenue bonds Principal payments on Stadium District revenue bonds Principal payments on Stadium District loan payable Principal payments on special assessment debt with governmental commitment Amortization of bond premium Amortization of deferred charges on debt refunding Accrued interest payable on long-term debt 11,840,000 3,180,000 5,706,857 18,036 146,312 (666,497) 6,042 20,230,750 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. Net increase in employee compensation payable Increase in inventories Net decrease in claims and judgments Net decrease in liability for closure and postclosure costs (6,477,058) 461,461 3,212,395 561,710 (2,241,492) 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 expense of internal service funds is reported with governmental activities. (2,249,087) $ Change in net position of governmental activities 48 (4,547,098) Notes to the Financial Statements (Continued) NOTE 6 – STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY At June 30, 2014, the following other governmental and internal service funds reported deficits in fund balances or net position. FUND DEFICIT Governmental Funds: Adult Probation Grants Air Quality Grants Animal Control Grants CDBG Housing Trust Clerk of the Court Grants County Attorney Grants Human Services Grants Public Defender Grants School Grants Sheriff Grants Sheriff RICO Superior Court Fill the GAP Superior Court Grants Transportation Grants $ Internal Service Funds: Risk Management 152,581 191,802 71,412 444,493 4,981 99,450 255,317 5,010 302,481 764,637 3,991 48,776 30,961 9,961 $ 30,195,879 The deficits in fund balances for Adult Probation Grants, Air Quality Grants, Animal Control Grants, CDBG Housing Trust, Clerk of the Court Grants, County Attorney Grants, Human Services Grants, Public Defender Grants, School Grants, Sheriff Grants, Superior Court Grants, and Transportation 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 unearned. The Risk Management Fund’s funding plan calls for the fiscal year ending cash balance to equal the next year’s estimated claims and claims related expenses. As of June 30, 2014, the total net position deficit was $30,195,879. This is primarily due to the Risk Management Fund not being funded for noncurrent accrued claim liabilities. The remaining fund balance deficits for the Sheriff RICO and Superior Court Fill the GAP Funds resulted from operations during the year and are expected to be corrected during normal operations in fiscal year 2015. NOTE 7 – DEPOSITS AND INVESTMENTS Arizona Revised Statutes (A.R.S.) authorize the County to invest public monies in the State Treasurer’s investment pool; obligations issued or guaranteed by the United States or any of the senior debt of its agencies, sponsored agencies, corporations, sponsored corporations, or instrumentalities; specified state and local government bonds, notes, and other evidences of indebtedness; interest-earning investments such as savings accounts, certificates of deposit, and repurchase agreements in eligible depositories; specified commercial paper issued by corporations organized and doing business in the United States; specified bonds, debentures, notes, and other evidences of indebtedness that are denominated in United States dollars; and certain open-end and closed-end mutual funds, including exchange traded funds. In addition, the County Treasurer may invest trust funds in certain fixed income securities of corporations doing business in the United States or District of Columbia. 49 Notes to the Financial Statements (Continued) Credit risk Statutes have the following requirements for credit risk: 1. Commercial paper must be of prime quality and be rated within the top two ratings by a nationally recognized rating agency. 2. Bonds, debentures, notes, and other evidences of indebtedness that are denominated in United States dollars must be rated “A” or better, at the time of purchase, by at least two nationally recognized rating agencies. 3. Fixed income securities must carry one of the two highest ratings by Moody’s investors’ service and Standard and Poor’s rating service. If only one of the above-mentioned services rates the security, it must carry the highest rating of that service. Custodial credit risk Statutes require collateral for deposits and certificates of deposit at 101 percent of all deposits not covered by federal depository insurance. Concentration of credit risk Statutes do not include any requirements for concentration of credit risk. Interest rate risk Statutes require that public monies invested in securities and deposits have a maximum maturity of 5 years. However, the Stadium District is allowed by a separate statute to invest monies, not held for operations, in eligible investments with a maturity of greater than 5 years. The maximum maturity for investments in repurchase agreements is 180 days. Foreign currency risk Statutes do not allow foreign investments, unless the investment is denominated in United States dollars. Deposits - At June 30, 2014, the carrying amount of the County’s deposits was $515,121,255 and the bank balance was $500,021,858. It is the County’s investment policy to collateralize all deposits by at least 101 percent of the deposits not covered by depository insurance. At a minimum, the collateral is to be held by the pledging financial institution or its agent, but does not have to be held in the County’s name. At June 30, 2014, $13,155,551 of the County’s bank balance was exposed to custodial credit risk as follows: Uninsured and uncollateralized Uninsured with collateral held by the pledging financial institution’s trust department or agent but not in the County’s name Total $ 1,166,670 $ 11,988,881 13,155,551 Investments – The County’s investments at June 30, 2014, were as follows: Investment Type U.S. Treasury securities U.S. agency securities School bonds School tax anticipation notes short-term Mutual funds with trustee Other investments $ $ Amount 84,908,400 2,490,669,501 229,783,787 219,521,549 23,767,075 1,216,023 3,049,866,335 The $1,216,023 of other investments are related to the Public Fiduciary, which invests in equities, mutual funds, U.S. Treasury securities, and other types of investments as directed by court order. As these investment amounts are immaterial, no deposits or investment risk (credit risk, custodial credit risk, concentration of credit risk, and interest rate risk) disclosures will be reported for these investments. 50 Notes to the Financial Statements (Continued) Credit risk – It is the County’s investment policy to preserve the principal value and the interest income of an investment. The County can invest in obligations issued or guaranteed by the United States or any of the senior debt of its agencies, sponsored agencies, corporations, or instrumentalities. The County can also invest in commercial paper and corporate bonds with ratings that meet the statutory requirements specified above. At June 30, 2014, credit risk for the County’s investments was as follows: Investment Type U. S. agency securities U. S. agency securities U. S. agency securities School bonds School bonds School tax anticipation notes short-term Mutual funds with trustee Rating Aaa AA+ P-1 Aa2 Unrated Unrated Aaa-mf Rating Agency Moody’s S&P Moody’s Moody’s Not applicable Not applicable Moody’s $ $ Amount 957,808,532 19,981,800 1,512,879,169 515,008 229,268,779 219,521,549 23,767,075 2,963,741,912 The $229,268,779 and $219,521,549 of unrated school bonds and tax anticipation notes, respectively, are issued by various school districts that deposit their monies with the County Treasurer. Custodial credit risk – For an investment, custodial credit risk is the risk that, in the event of the counterparty’s failure, the County will not be able to recover the value of its investments or collateral securities that are in an outside party’s possession. It is the County’s investment policy that all of the Treasurer’s securities be held by the agent or trust department and in the County’s name. At June 30, 2014, the County had $3,776,085 of U.S. agency securities held by an outside bank that was uninsured and held by the counterparty’s trust department not in the County’s name. Concentration of credit risk – It is the County’s investment policy to preserve the principal value of its investments. However, due to the limited investments allowed under statutes and the desire to preserve the principal value, the County’s investments may have a concentration of credit risk of more than 5 percent of total investments in one issuer. Five percent or more of the County’s investments at June 30, 2014, were in the Federal Home Loan Bank (FHLB), the Federal Home Loan Mortgage Corporation (Freddie Mac), Federal National Mortgage Association (Fannie Mae), and the Federal Farm Credit Banks (FFCB). These investments were 47.4 percent, 17.3 percent, 11.4 percent, and 5.5 percent, respectively, of the County’s total investments. Interest rate risk – It is the County’s investment policy to hold investments to maturity, where practical, and avoid any loss on investments resulting from an early sale or retirement of an investment. Additionally, securities should be invested for a shorter duration, where applicable. At June 30, 2014, the County had the following investments in debt securities. Investment Type U.S. Treasury securities U.S. agency securities School bonds School tax anticipation notes short-term Mutual funds with trustee Amount $ 84,908,400 2,490,669,501 229,783,787 219,521,549 23,767,075 $3,048,650,312 51 Investment Maturities Less than 1–5 1 Year Years $ 25,004,750 $ 59,903,650 1,607,877,773 882,791,728 40,538,181 189,245,606 219,521,549 23,767,075 $1,916,709,328 $1,131,940,984 Notes to the Financial Statements (Continued) Foreign currency risk – The County does not have a formal investment policy with respect to foreign currency risk because State statutes do not allow foreign investments. A reconciliation of cash, deposits, and investments to amounts shown on the Statements of Net Position follows: Cash, deposits and investments: Cash on hand $ 183,935 Amount of deposits 515,121,255 Amount of investments 3,049,866,335 Total $ Governmental Activities Statement of Net Position: Cash in bank and on hand Cash and investments in bank and on hand Cash and investments held by County Treasurer Cash and cash equivalents - restricted Cash and investments held by trustee Total $ 29,701,654 3,565,171,525 Business-type Activities $ 2,612,708 1,187,537,737 Investment Trust Fund $ Agency Fund Total $ $ 2,271,990,938 29,875,467 742,557 $ 2,271,990,938 $ 30,618,024 3,177,669 39,532,795 $ 1,256,772,186 $ 5,790,377 32,314,362 29,875,467 3,460,271,232 3,177,669 39,532,795 $ 3,565,171,525 NOTE 8 – 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’s 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 pool’s structure 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. The Treasurer allocates interest earnings to each of the pool’s participants. However, for the County’s monies in the pool, the Board of Supervisors authorized $2,518,271 of interest earned in certain other funds to be transferred to the General Fund. The deposits and investments held by the County are included in the County Treasurer’s investment pool, except for $179,435 of cash on hand, $70,171,299 of deposits, $23,767,075 of mutual funds with trustee, $3,776,085 of U.S. agency securities with trustee and $1,216,023 of other investments. Therefore, the deposit and investment risks of the Treasurer’s investment pool are substantially the same as the County’s deposit and investment risks. See Note 7 – Deposits and Investments for disclosure of the County’s deposit and investment risks. Details of each major investment classification follow: Investment Type U. S. Treasury securities U. S. agency securities School bonds School tax anticipation notes short-term Principal $ 84,776,172 2,486,260,782 238,501,323 220,011,435 52 Interest Rates Maturities 0.13 – 0.25% 0.00 – 3.00% 0.35 – 5.96% 0.64% 12/14 – 5/16 7/14 – 6/17 7/14 – 1/18 7/14 Reported Amount $ 84,908,400 2,486,893,416 229,783,787 219,521,549 Notes to the Financial Statements (Continued) A condensed statement of the investment pool’s net position and changes in net position follows. Statement of Net Position Assets $ 3,463,460,480 $ 3,463,460,480 $ 1,188,765,424 Liabilities Net position Net position held in trust for: Internal participants External participants 2,274,695,056 Total net position held in trust $ 3,463,460,480 Statement of Changes in Net Position Total additions $ Total deductions 9,863,051,248 10,041,718,796 Net increase (decrease) (178,667,548) Net position held in trust: July 1, 2013 3,642,128,028 June 30, 2014 $ 3,463,460,480 NOTE 9 – RECEIVABLES Receivables as of year-end for the County’s individual major funds and nonmajor funds in the aggregate are shown as follows. Taxes receivable does not have an allowance for uncollectible taxes, as the amount is considered immaterial. All other receivables are considered collectible. Governmental Funds Detention Other Operations Governmental Fund Funds General Fund Receivables: Taxes Accounts Accrued interest Special assessments Total receivables $ $ 9,991,975 13,259 658,253 $ 10,663,487 $ $ 1,229,379 $ 228,577 33,788 1,491,744 261,665 261,665 Total $ 11,221,354 13,259 1,148,495 33,788 $ 12,416,896 NOTE 10 – DUE FROM OTHER GOVERNMENTAL UNITS Amounts due from other governmental units at June 30, 2014, of $168,158,614 as reported on the Governmental Funds balance sheet, include $74,440,813, $12,531,557, and $15,966,601 in state-shared revenues for sales taxes, vehicle license taxes, and highway user taxes, respectively; $22,344,366, $1,142,393, and $864,872 in jail tax, waste tire surcharge, and rental car surcharge, respectively, collected by the State but not received by the County; $31,516,725 in various Federal and State grants; $4,375,349 due from other governments for prisoner detention and police services; $2,879,699 due from cities and towns for Flood Control District and Transportation Department intergovernmental agreements; and $8,029 of miscellaneous due from the State. In addition, the County reported $2,088,210 for debt service reimbursements due from the Maricopa County Special Health Care District (District), a separate legal entity. The amount is reported in the County Improvement Debt Fund and is reported as a deferred inflow of resources, as it is not considered measurable and available to finance expenditures of the current period. As a result of the transition of the Maricopa County Medical Center to the District on January 1, 2005, the Maricopa County Medical Center 53 Notes to the Financial Statements (Continued) transferred long-term debt obligations (lease revenue bonds, certificates of participation and installment purchase agreements) to the County. The District will pay the debt obligations per the terms of an Intergovernmental Agreement which coincide with the future principal and interest payments to July 1, 2015. NOTE 11 – INTERGOVERNMENTAL LOANS At June 30, 2014, the County reported intergovernmental loans of $16,351,094. This amount consists of outstanding principal of $15,433,000 and accrued interest of $918,094 for an intergovernmental loan to the Maricopa County Special Health Care District, a separate legal entity. On July 1, 2005, the County provided a $15,433,000 ten-year loan to the Maricopa County Special Health Care District. The terms of the loan, as outlined in the Assistance Package Intergovernmental Agreement dated June 8, 2005, include the first five years interest free until August 1, 2010, with interest accruable for the second fiveyear period at the rate earned by the County Treasurer on August 1, 2010. The balance of the loan is due August 1, 2015. NOTE 12 – CAPITAL ASSETS Capital asset activity for the year ended June 30, 2014 was as follows: Balance July 1, 2013, as restated Governmental activities: Nondepreciable assets: Land Construction in progress Infrastructure Total capital assets not being depreciated $ Depreciable assets: Buildings and improvements Machinery and equipment Infrastructure Total Less accumulated depreciation for: Buildings and improvements Machinery and equipment Infrastructure Total Total capital assets being depreciated, net Increase 728,459,728 375,007,405 702,805,178 1,806,272,311 $ 754,229,626 385,295,337 715,579,904 1,855,104,867 452,578,374 253,809,115 88,296,754 794,684,243 44,591,499 33,201,679 5,533,481 83,326,659 28,608,037 13,533,736 42,141,773 468,561,836 273,477,058 93,830,235 835,869,129 1,627,231,869 70,718,798 20,217,866 1,677,732,801 $ Business-type activities: Nondepreciable assets: Land Construction in progress Total capital assets not being depreciated $ 4,737,544 $ 272,481,107 1,874,200,974 366,712,855 272,688,101 2,513,601,930 62,359,639 $ 173,147,619 $ $ 3,532,837,668 $ 4,737,544 1,853,543 6,591,087 1,853,543 1,853,543 4,737,544 $ $ 47,681,432 14,678,207 3,433,504,180 Business-type activities capital assets, net 5,009,281 142,911,442 5,009,030 152,929,753 119,646,428 33,500,406 898,623 154,045,457 $ Total capital assets being depreciated, net $ 1,802,235,978 347,890,656 271,789,478 2,421,916,112 Governmental activities capital assets, net Depreciable assets: Buildings and improvements Machinery and equipment Total Less accumulated depreciation for: Buildings and improvements Machinery and equipment Total 30,779,179 153,199,374 17,783,756 201,762,309 Balance June 30, 2014 Decrease 67,556,836 1,189,024 68,745,860 533,817 533,817 18,951 18,951 68,090,653 1,170,073 69,260,726 39,612,437 808,417 40,420,854 1,872,639 38,217 1,910,856 16,520 16,520 41,485,076 830,114 42,315,190 28,325,006 (1,377,039) 2,431 26,945,536 33,062,550 $ 54 476,504 $ 2,431 $ 33,536,623 Notes to the Financial Statements (Continued) The County pledged certain governmental activities land and buildings as collateral for various lease revenue bonds. See Note 14 – Long-term Liabilities for additional information regarding outstanding bonds at June 30, 2014. On July 1, 2013, the County restated governmental activities beginning capital asset balances by ($22,272,771) for corrections of prior periods. In addition, on July 1, 2013, the County restated governmental activities and business-type activities beginning capital asset balances by ($33,062,550) and $33,062,550, respectively, for the reclassification of the Housing Authority Fund. See Note 4 – Beginning Balances Restated for additional information. Depreciation expense was charged to functions 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 $ 29,745,913 33,626,147 5,163,924 3,038,006 10,412,620 142,119 1,174,966 $ 83,303,695 Business-type activities: Housing Authority Total business-type activities depreciation expense $ 1,910,856 $ 1,910,856 The depreciation expense charged to governmental activities is less than accumulated depreciation increases due to the addition of a previously purchased asset that was fully depreciated in the amount of $22,964. As a result, $22,964 of the accumulated depreciation increases does not constitute current year depreciation expense. NOTE 13 – CONSTRUCTION AND OTHER SIGNIFICANT COMMITMENTS At June 30, 2014, 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, Technology Improvement Projects, and Construction of Various County Facilities. Transportation Construction Projects At June 30, 2014, the Maricopa County Transportation Department had contractual commitments of $23,608,047 for construction of various roadway projects. At June 30, 2014, the County had spent $115,687,185 on these projects and had related estimated cost of completion based on the project budgets of $260,262,680 of which not all projects may be completed. Funding for these expenditures will be provided from Highway User Fuel Tax, the primary source of revenue for the Transportation Department. These projects are accounted for in the Transportation Capital Projects Fund (nonmajor governmental fund). Flood Control Construction Projects At June 30, 2014, the Maricopa County Flood Control District had contractual commitments of $23,459,395 for the construction of various flood control projects. At June 30, 2014, the County had spent $215,802,100 on these projects and had related estimated cost of completion based on the project budgets of $261,698,000, of which not all projects may be completed. Funding for these expenditures will be provided from the Flood Control District’s tax levy of property within Maricopa County, the primary 55 Notes to the Financial Statements (Continued) source of revenue for the Flood Control District. These projects are accounted for in the Flood Control Capital Projects Fund (nonmajor governmental fund). Technology Improvement Projects At June 30, 2014, Maricopa County had contractual commitments of $9,271,610 related to major capital projects accounted for in the Technology Capital Improvement Fund (major governmental fund) and Detention Technology Capital Improvement Fund (nonmajor governmental fund) and funded predominantly through transfers from the General Fund, Detention Capital Projects Fund and General Fund County Improvements Fund, respectively. At June 30, 2014, the County had spent $128,467,647 on these projects and had related estimated cost of completion based on the project budgets of $108,017,046 of which not all projects may be completed. Construction of Various County Facilities At June 30, 2014, Maricopa County had contractual commitments, including retention payable, of $7,659,284 relating to major capital projects accounted for in the General Fund County Improvements Fund and Detention Capital Projects Fund (major governmental funds) and funded predominantly through transfers from the General Fund and Detention Operations Fund, respectively. At June 30, 2014, the County had spent $88,068,923 on these projects and had related estimated cost of completion based on the project budgets of $70,857,865, of which not all projects may be completed. NOTE 14 – LONG-TERM LIABILITIES The following schedule details the County’s long-term liability and obligation activity for the year ended June 30, 2014. Balance July 1, 2013, as restated Governmental activities: Bonds, loans, and other payables: Lease revenue bonds Stadium District revenue bonds Stadium District loans Special assessment debt with governmental commitment $ Plus: bond premium Total bonds, loans, and other payables 120,350,000 22,440,000 5,706,857 Additions $ Balance June 30, 2014 Reductions $ 11,375,000 3,180,000 5,706,857 $ 108,975,000 19,260,000 Due Within One Year $ 11,840,000 3,250,000 64,679 15,214 49,465 4,339 148,561,536 706,020 20,277,071 146,312 128,284,465 559,708 15,094,339 149,267,556 20,423,383 128,844,173 15,094,339 Other liabilities: Claims and judgments Reported and incurred but not reported claims Liability for closure and postclosure costs Business-type activities: Capital leases, loans, and other payables: Capital Leases Loans payable Other long-term debt Business-type activities long-term liabilities 375,579 3,587,974 1,546,046 1,544,798 85,153,065 134,658,408 142,664,017 77,147,456 30,763,988 561,710 8,236,052 621,378 86,929,554 32,930,164 $ 48,024,503 8,797,762 Total other liabilities Governmental activities long-term liabilities 4,758,441 $ 98,709,268 135,033,987 146,813,701 247,976,824 $ 135,033,987 $ 167,237,084 $ 215,773,727 $ 1,792,280 115,524 393,012 $ $ 1,792,280 3,667,473 914,178 $ 2,300,816 $ 6,373,931 $ $ 3,609,943 1,300,283 $ 4,910,226 $ 57,994 779,117 837,111 $ 11,552 54,821 66,373 On July 1, 2013, the County restated governmental activities and business-type activities beginning capital asset balances by ($3,609,943) and $4,910,226, respectively, for the reclassification of the Housing Authority Fund. See Note 4 – Beginning Balances Restated for additional information. 56 Notes to the Financial Statements (Continued) Bonds, loans, and other payables were as follows at June 30, 2014: Lease Revenue Bonds On May 23, 2007, the Maricopa County Public Finance Corporation issued $108,100,000 of Lease Revenue Bonds to pay for the acquisition, construction, and renovation of the Durango Animal Care and Control Facility; Southeast, Southwest, San Tan, One West Madison and Sunnyslope Justice Court Facilities; and Central Court Building. 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. Bonds maturing on and after July 1, 2017, are subject to optional redemption in increments of $5,000 on July 1, 2016, or any date thereafter, at par plus accrued interest to the date fixed for redemption. In the event of nonappropriation, the bonds would be subject to special redemption at par plus accrued interest to the redemption date. The bonds are secured by the collateralization of certain County assets. On May 23, 2007, the Maricopa County Public Finance Corporation issued Lease Revenue Refunding Bonds, Series 2007B, for $32,840,000 (par value) with interest rates ranging from 4% to 5% and maturing from July 1, 2012 to July 1, 2015. The net bond proceeds were $34,414,011, which included a reoffering premium of $973,843, County contributions of $860,000, and cost of issuance of $259,831. The net proceeds, were used to advance refund the Lease Revenue Bonds, Series 2001, of $32,215,000. The advance refunded bonds were redeemed July 1, 2011. The bonds are secured by the collateralization of certain County assets. The following Lease Revenue Bonds were outstanding as of June 30, 2014: DESCRIPTION 2007A Lease Revenue Bonds 2007B Lease Revenue Refunding Bonds Total AMOUNT OF ISSUE INTEREST RATES MATURITY DATES $ 108,100,000 3.50 – 5.00% 7-1-14/31 32,840,000 4.00 – 5.00% 7-1-14/15 OUTSTANDING AT JUNE 30, 2014 $ 91,475,000 17,500,000 $ 140,940,000 $ 108,975,000 Annual debt service requirements to maturity for the County’s Lease Revenue Bonds are as follows: Governmental Activities Year Ending June 30 2015 Principal $ Interest 11,840,000 $ 4,579,180 Total $ 16,419,180 2016 12,470,000 4,016,330 16,486,330 2017 3,660,000 3,657,980 7,317,980 2018 3,845,000 3,470,355 7,315,355 2019 4,040,000 3,273,230 7,313,230 2020-24 23,160,000 13,363,625 36,523,625 2025-29 29,195,000 7,175,463 36,370,463 2030-32 20,765,000 1,106,788 Total $ 108,975,000 $ 40,642,951 21,871,788 $ 149,617,951 Stadium District Revenue Bonds Stadium District Revenue Refunding Bonds are special obligations of the District. The bonds are payable solely from pledged revenues, consisting of auto 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 57 Notes to the Financial Statements (Continued) $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 District has pledged future auto rental surcharge revenue to repay the $25,140,000 in revenue refunding bonds, which were issued in September 2012. Proceeds from the bond issuance provided financing to refund previously issued bonded debt for the construction of Cactus League facilities. 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. Total principal and interest remaining to be paid on the bonds is $20,697,198, payable through June 2019. Principal and interest paid for the current year and total auto rental surcharge revenues were $3,691,632 and $5,394,706, respectively. The Stadium District had the following revenue bonds outstanding at June 30, 2014: DESCRIPTION AMOUNT OF ISSUE 2012 Revenue Refunding Bonds $ INTEREST RATES MATURITY DATES 2.28% 6-01-2019 25,140,000 OUTSTANDING AT JUNE 30, 2014 $ 19,260,000 Annual debt service requirements to maturity for Stadium District bonds are as follows: Governmental Activities Year Ending June 30 2015 Principal $ 3,250,000 Interest $ 439,128 2016 3,325,000 365,028 2017 3,405,000 289,218 2018 3,480,000 211,584 2019 5,800,000 132,240 Total $ 19,260,000 $ 1,437,198 Stadium District Loans In October 2007, the Stadium District entered into cost-sharing agreements with the Arizona Diamondbacks Team for the purchase of a video board, related equipment, and suite renovations at Chase Field. Under terms of the agreements, the Team provided a total of $10,106,856 in funding for the purchases. During the current year, the Stadium District paid off the remaining $5,706,857 of the loan with the Arizona Diamondbacks. Special Assessment Debt with Governmental Commitment Special assessment bonds are payable from assessments collected from property owners benefited by the respective improvements. The special assessment districts pledged these assessments to repay the par issuance amount of $447,929 in special assessment bonds. The proceeds were used to finance construction projects in these districts. Total principal remaining to be paid on these bonds is $49,465 payable through July 2018. 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. Principal and interest paid for the current year and total special assessment charges revenue were $19,583 and $94, respectively. 58 Notes to the Financial Statements (Continued) Special assessment bonds currently outstanding for governmental activities are as follows: AMOUNT OF ISSUE DESCRIPTION Queen Creek Water Plymouth Street Total $ 301,960 145,969 $ 447,929 INTEREST RATES MATURITY DATES 4.875% 8.000% 7-1-14/17 7-1-14/18 OUTSTANDING AT JUNE 30, 2014 $ 5,674 43,791 $ 49,465 Annual debt service requirements to maturity for special assessment debt with governmental commitment are as follows: Governmental Activities Year Ending June 30 2015 2016 2017 2018 2019 Total Principal 4,339 12,611 9,205 8,713 14,597 $ 49,465 $ $ $ Interest 3,628 2,995 2,167 1,494 584 10,868 Housing Authority of Maricopa County Capital Leases Obligation The Housing Authority of Maricopa County entered into a long-term lease commitment for equipment that has been accounted for as a capital lease. The lease obligation is part of a U.S. Department of Housing and Urban Development approved Energy Performance Contract (EPC) that provides for continued Public Housing funding and certain incentives for increasing the energy efficiency of Public Housing Units. The assets are currently capitalized as Construction in Progress and are valued at $1,404,783. At June 30, 2014, the balance on this obligation is $1,792,280. Annual debt service requirements to maturity for Housing Authority capital lease obligations are as follows: Business-type Activities Year Ending June 30 2015 Principal Interest $ $ 55,068 Total $ 55,068 2016 58,219 66,283 124,502 2017 64,897 64,130 129,027 2018 71,986 61,730 133,716 2019 79,506 59,068 138,574 2020-24 527,036 245,064 772,100 2025-29 793,716 128,987 922,703 2030 196,920 7,282 204,202 Total $ 1,792,280 $ 687,612 $ 2,479,892 Housing Authority of Maricopa County Loans Payable The Housing Authority of Maricopa County’s Component Unit, Maricopa Revitalization Partnership, L.L.C., has a promissory note payable to Community Service of Arizona, Inc. The note bears an interest rate of 0.50% and is collateralized by investment in real estate. The balance on this note shall be paid at the earlier of the date of sale of the property; breach of covenant, condition or restriction; or 15 years after the date of the project completion. At June 30, 2014, the balance on this note was $570,000. 59 Notes to the Financial Statements (Continued) The Housing Authority of Maricopa County’s Component Unit, Rose Terrace Development Partnership Phase II, L.L.C., has a promissory note payable to Mutual of Omaha Bank. The note bears an interest rate of 8.75% and is collateralized by investment in real estate. Monthly principal and interest payments of $3,744 will continue through February 2020, at which time a balloon payment of $363,157 is due. At June 30, 2014, the balance on this note was $406,828. On December 21, 2012, the Housing Authority of Maricopa County’s Component Unit, Rose Terrace Development Partnership, L.L.C., entered into a promissory note payable with First Bank. The note bears interest at 4.75% through January 1, 2018, and then increases to the greater of 6.00% or the 5-year Treasury Rate plus 3%. Monthly installments of principal and interest of $13,703 are payable through January 1, 2018, at which point the note will be amortized for the balance through the maturity date of October 1, 2022. At June 30, 2014, the balance on this note was $2,586,674. On March 4, 2014, the Housing Authority of Maricopa County entered into a repayment agreement with the U.S. Department of Housing and Urban Development (HUD) totaling $115,524 to repay misused program funds as determined by the 2010 HUD Limited Management and Financial Review. The agreement bears no interest and calls for equal annual payments of $11,552 from non-federal resources beginning June 30, 2014, and ending June 30, 2023. At June 30, 2014, the balance on this note was $103,971. Annual debt service requirements to maturity for Housing Authority loans payable are as follows: Business-type Activities Year Ending June 30 2015 2016 2017 2018 2019 2020-2023 Total $ $ Principal 66,373 69,218 71,725 75,154 638,795 2,746,208 3,667,473 Funding Source for Governmental Activities Liabilities Governmental Funds Liabilities Funding Source Lease revenue bonds Stadium District revenue bonds Stadium District loans Special assessment debt with governmental commitment Claims and judgments County Improvement Debt Fund Stadium District Debt Service Fund (nonmajor debt service fund) Ballpark Operations Fund (nonmajor special revenue fund) Special Assessment Fund (nonmajor debt service fund) General Fund, Transportation Operations Fund and Flood Control Fund (nonmajor special revenue fund) Risk Management Fund and Employee Benefits Trust Fund (internal service funds) General Fund Reported and incurred but not reported claims Liability for closure and postclosure costs 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 fifteen percent of such taxable property. At June 30, 2014, the allowable six and fifteen percent limits were $1,933,740,409 and $4,834,351,022, respectively. The County had no outstanding general obligation debt at June 30, 2014, and was therefore within the legal debt margin. Arbitrage Compliance The County is in compliance with all Federal arbitrage regulations for tax-exempt debt securities. As of June 30, 2014, the County had no arbitrage liability. 60 Notes to the Financial Statements (Continued) NOTE 15 – MUNICIPAL LANDFILL CLOSURE AND POSTCLOSURE CARE COSTS The County has five landfills which are subject to closure and postclosure care requirements. Federal and State laws and regulations require the County to place a final cover on all its landfill sites when they stop accepting waste and to perform certain maintenance and monitoring functions at the sites for 30 years after closure. Although one landfill is exempt from these regulations, the County is performing postclosure monitoring of this site and has included the estimated costs in the closure and postclosure liability. The County’s last remaining landfill stopped accepting waste May 2007 and the final cover was completed in October 2010. At June 30, 2014, the County updated the estimates required to pay for closure, cleanup, remedial actions and monitoring at the County's five landfill sites, in accordance with generally accepted accounting principles. The County estimated these costs to be approximately $8,236,052. The County’s estimate for closure and postclosure care requirements for the five landfills are subject to change due to inflation, changes in technology, changes in regulations, or results of the investigational study. All associated closure and postclosure costs will be paid from the General Fund. These amounts are based on what it would cost to perform all closure and postclosure care and remedial investigation costs in fiscal year 2014. According to Federal and State laws and regulations, the County must comply with the local government financial test requirements that assure the County can meet the costs of landfill closure, postclosure, and corrective action when needed. The County is in compliance with these requirements. NOTE 16 – MUNICIPAL REVOLVING LINE OF CREDIT AND IRREVOCABLE STANDBY LETTER OF CREDIT On July 1, 2013, the County maintained a $35,000,000 municipal revolving line of credit with qualified interest rate of 61% and non-qualified interest rate of 66% of the bank’s prime rate which had a maturity date of June 30, 2014. Outstanding principal and interest is due on June 30 of each year. During fiscal year 2014, the County had not borrowed against the line of credit. The municipal revolving line of credit was renewed to June 30, 2015. On July 1, 2013, the County maintained a $15,239,045 irrevocable standby letter of credit issued to the Industrial Commission of Arizona for unfunded workers’ compensation claims. On December 27, 2013, the letter of credit was increased to $15,878,105. The letter of credit was reserved against the municipal revolving line of credit. During fiscal year 2014, the letter of credit had not been drawn upon. The irrevocable standby letter of credit will mature on June 30, 2015. NOTE 17 – OPERATING LEASES The County’s operating leases are for land, buildings, office equipment, and vehicles under the provisions of various long-term lease agreements classified as operating leases for accounting purposes. Rental expenses under the terms of these operating leases for governmental activities were $11,652,603 for the year ended June 30, 2014. These operating leases have remaining lease terms from one to seventeen 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, 2014, are as follows: Year Ending June 30 2015 2016 2017 2018 2019 2020-2024 2025-2029 2030-2031 Total minimum payments required 61 Governmental Activities $ 10,077,230 8,182,586 4,992,221 4,435,264 1,424,790 1,110,981 334,950 139,200 $ 30,697,222 Notes to the Financial Statements (Continued) NOTE 18 – RISK MANAGEMENT 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 is exposed to various risks 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 all such risks of loss, including workers’ compensation and employees’ health and accident insurance. Settled claims resulting from these risks have not exceeded this commercial coverage since the inception of these insurance policies. Liabilities for unpaid claims are estimates determined by an independent actuary using the following actuarial methods: developed paid loss, developed reported incurred losses, developed case reserves, frequency times severity analysis, loss rate analysis, and the Bornhuetter-Ferguson method. Accrued actuarial liabilities are based on a discounted expected confidence level assuming a 2.00 percent annual rate of return on investments. Accrued actuarial liabilities at June 30, 2014, for each insurable area follow: Auto liability General liability Workers’ compensation Medical malpractice Auto physical damage Property Professional liability Environmental property damage Environmental liability Unallocated Total $ $ 4,337,675 26,291,383 17,065,720 4,780,123 219,414 334,624 115,898 2,871,340 3,274,027 6,169,956 65,460,160 Changes in the unpaid claims liability reported in the Risk Management Trust Fund follow: Year 2011-12 2012-13 2013-14 Balance July 1 $ 132,258,185 129,080,630 76,866,119 Current-Year Claims And Changes In Estimates $ 12,637,627 (13,056,180) 4,028,631 Claims Payments $ (15,815,182) (39,158,331) (15,434,590) Balance June 30 $ 129,080,630 76,866,119 65,460,160 The Employee Benefits Trust Fund (internal service fund) accounts for the financing of the insured risk of loss for certain health benefits (medical, dental, short-term disability, and medical incentives) to eligible employees and their dependents. The liability for medical, dental, short-term disability, behavioral health, and vision claims is based on fiscal year 2014 actuarial reports. Accrued actuarial liabilities at June 30, 2014, for each insurable area follow: Medical Dental Short-term disability Behavioral health Vision Total $ $ 62 10,234,621 553,998 528,990 226,157 143,530 11,687,296 Notes to the Financial Statements (Continued) Changes in the unpaid claims liabilities reported in the Employee Benefits Trust Fund follow: Year 2011-12 2012-13 2013-14 Balance July 1 $ 12,115,069 10,935,967 8,286,946 Current-Year Claims And Changes In Estimates $ 113,176,201 111,466,605 130,629,777 Claims Payments $ (114,355,303) (114,115,626) (127,229,427) Balance June 30 $ 10,935,967 8,286,946 11,687,296 NOTE 19 – POLLUTION REMEDIATION OBLIGATIONS Maricopa County has estimated and reported a pollution remediation obligation in the government-wide financial statements for the current or potential detrimental effects of existing pollution. At June 30, 2014, the County reported $1,546,046 of claims and judgments, which is comprised of the following pollution remediation obligations. Asbestos – The National Emission Standards for Hazardous Air Pollutants, 40 CFR §61.145, requires the County to inspect buildings for the existence of asbestos prior to the commencement of any demolition or renovation work. As of June 30, 2014, the County had several facilities under consideration for demolition or renovation. The County’s reported pollution remediation liability is an estimate provided by a professional environmental consultant. The estimate accounts for pre-cleanup and cleanup activities. Stormwater – Under the Clean Water Act, the National Pollutant Discharge Eliminations System Stormwater Program, 40 CFR §122, requires the implementation of controls designed to prevent harmful pollutants from being washed by stormwater runoff into bodies of water. An audit of Countyowned facilities was conducted to ensure compliance with federal regulations. The County’s reported pollution remediation liability is an estimate provided by a professional environmental consultant. The estimate accounts for activities to achieve compliance. Road and Drainage Construction – The County conducted environmental site characterizations during the construction of roads and drainage structures. In compliance with Arizona Department of Environmental Quality (ADEQ) Soil Remediation Levels, Arizona Administrative Code Title 18, Chapter 7, Article 2; the County will excavate and properly dispose of any contaminated soil. The County’s reported pollution remediation liability is an estimate provided by a professional environmental consultant. The estimate consists of the costs for soil excavation, disposal, and additional sampling. Communication Towers – In compliance with the National Environmental Policy Act, 47 CFR §1.1301 §1.1319, the Federal Communications Commission requires applicants and licensees to consider the potential environmental effects from its construction of antenna facilities or structures. In compliance with these regulations, the County will conduct environmental site assessments at the communication tower sites. The County’s reported pollution remediation liability is an estimate provided by a professional environmental consultant. The estimate consists of the costs for the environmental site assessments. Maricopa County also has estimated and reported a pollution remediation obligation in the Risk Management internal service fund financial statements for the current or potential detrimental effects of existing pollution. These obligations are categorized under environmental property damage and environmental liability in Note 18 – Risk Management. At June 30, 2014, the County reported $6,145,367 of reported but unpaid claims, which is comprised of the following pollution remediation obligations. Cave Creek Landfill – The County has entered into a Consent Decree with ADEQ to evaluate the Cave Creek Landfill as a source of groundwater contamination. The County’s reported pollution remediation liability is an estimate provided by a professional environmental consultant. The estimate consists of mandated testing costs, completion of the remedial action plan, public meetings, and the recommended remediation at the landfill. 63 Notes to the Financial Statements (Continued) Hassayampa Landfill – On July 22, 1987, the Hassayampa Landfill was added to the Superfund National Priorities List by the United States Environmental Protection Agency (EPA), pursuant to the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA), 42 U.S.C. §9605(a)(8), due to suspected groundwater contamination. On February 19, 1988, nine of the major potentially responsible parties (PRP) for the site entered into a Consent Order with the EPA to conduct the Remedial Investigation and Feasibility Study. On August 6, 1992, a Record of Decision was signed and detailed the EPA’s selected cleanup remedy, which resulted in the formation of the Hassayampa Steering Committee (HSC). The HSC, an unincorporated association, consists of 11 PRP’s that entered into a Unilateral Administrative Order with the EPA on March 30, 1993, to conduct additional investigation activities and to begin remedial design and action activities on the groundwater treatment system and soil cap. In September 1997, a Preliminary Close-Out Report was completed and the EPA certification of the completion of construction of the remedial action was issued in April 1998. The groundwater extraction and treatment system and soil vapor extraction and treatment system will continue to be run by the PRP’s until the groundwater and soil meet cleanup levels. The HSC hires consultants that recommend site actions, meet with regulators, and develop cost estimates for remediation of the Hassayampa Landfill. The County is responsible for 27.78% of the HSC’s cost remediation. The County’s reported pollution remediation liability is an estimate provided by a professional environmental consultant. CERCLA Cost Recovery Claim – The County, along with numerous other entities, was named as a potential responsible party under the CERCLA, 42 U.S.C. §9607(a), by a third party. The Notice of Claim was based upon allegations that the County owned the properties which were acquired in the 1970’s from a solvent manufacturer. However, in 2001, the County (and other parties) entered into a Consent Decree/Settlement with ADEQ which absolved the County of any additional liability for the site. The County pollution remediation liability is subject to change due to changes in the cost of goods and services, changes in remediation technology, or changes in laws and regulations governing the remediation effort. The County has no estimated recoveries at this time. NOTE 20 – PENSIONS AND OTHER POSTEMPLOYMENT BENEFITS Plan Descriptions The County contributes to the four retirement plans described below. The plans are component units of the State of Arizona, state statutes establish benefits, and the plans generally provide retirement, longterm disability, and health insurance premium benefit, including death and survivor benefits. The retirement benefits are generally paid at a percentage, based on years of service, of the retirees’ average compensation. Long-term disability benefits vary by circumstance, but generally pay a percentage of the employee’s monthly compensation. The health insurance premium benefit is paid as a fixed dollar amount per month towards the retiree’s healthcare insurance premiums, in amounts based on whether the benefit is for the retiree or for the retiree and his or her dependents. The Arizona State Retirement System (ASRS) administers a cost-sharing, multiple-employer defined benefit pension plan; a cost-sharing, multiple-employer defined benefit health insurance premium benefit plan; and a cost-sharing, multiple-employer defined benefit long-term disability plan that covers employees of the State of Arizona and employees of participating political subdivisions and school districts. The Arizona State Retirement System Board governs the ASRS according to the provisions of A.R.S. Title 38, Chapter 5, Article 2. The Public Safety Personnel Retirement System (PSPRS) administers an agent multiple-employer defined benefit pension plan and an agent multiple-employer defined benefit health insurance premium benefit plan that covers public safety personnel who are regularly assigned hazardous duty as employees of the State of Arizona and participating political subdivisions. The PSPRS, acting as a common investment and administrative agent, is governed by a seven-member board known as the Board of Trustees and the participating local boards according to the provisions of A.R.S. Title 38, Chapter 5, Article 4. 64 Notes to the Financial Statements (Continued) The Corrections Officer Retirement Plan (CORP) administers an agent multiple-employer defined benefit pension plan and an agent multiple-employer defined benefit health insurance premium benefit plan that covers state, county, and local correction officers; dispatchers; and probation, surveillance, and juvenile detention officers. The CORP is governed by the PSPRS Board of Trustees and the participating local boards according to the provisions of A.R.S. Title 38, Chapter 5, Article 6. The Elected Officials Retirement Plan (EORP) administers a cost-sharing, multiple-employer defined benefit pension plan and a cost-sharing, multiple-employer defined benefit health insurance premium benefit plan that covers State of Arizona and county elected officials and judges, and elected officials of participating cities who were plan members on December 31, 2013. This plan was closed to new members as of January 1, 2014. The PSPRS Board of Trustees governs the EORP according to the provisions of A.R.S. Title 38, Chapter 5, Article 3. Beginning in fiscal year 2014, PSPRS, CORP, and EORP established separate funds for pension benefits and health insurance premium benefits. Previously, the plans recorded both pension and health insurance premium contributions in the same Pension Fund. During fiscal year 2014, the plans transferred prior-year health insurance premium benefit contributions that exceeded benefit payments from each plan’s Pension Fund to the new Health Insurance Fund. Each plan issues a publicly available financial report that includes its financial statements and required supplementary information. A report is available on their Web sites or may be obtained by writing or calling the applicable plan. ASRS 3300 N. Central Ave. P.O. Box 33910 Phoenix, AZ 85067-3910 (602) 240-2000 or 1-800-621-3778 www.azasrs.gov PSPRS, CORP, and EORP 3010 E. Camelback Rd., Ste. 200 Phoenix, AZ 85016-4416 (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 for the ASRS, PSPRS, CORP, and EORP. Cost-Sharing Plans - For the year ended June 30, 2014, statute required active ASRS members to contribute at the actuarially determined rate of 11.54 percent (11.3 percent for retirement and 0.24 percent for long-term disability) of the members’ annual covered payroll, and statute required the County to contribute at the actuarially determined rate of 11.54 percent (10.7 percent for retirement, 0.6 percent for health insurance premium benefit, and 0.24 percent for long-term disability) of the members’ annual covered payroll. Statute required active EORP members to contribute 13 percent of the members’ annual covered payroll and statute required the County to remit a designated portion of certain court fees plus additional contributions at a percent of the members’ annual covered payroll. Through December 31, 2013, the additional contributions were at the actuarially determined rate of 25.94 percent. Beginning January 1, 2014, the additional contributions were at the statutorily required rate of 23.5 percent. Both rates include the actuarially set rate of 1.56 percent for the plan’s health insurance premium benefit. The County’s contributions for the current and 2 preceding years, all of which were equal to the required contributions, were as follows: Year ended June 30 ASRS: 2014 2013 2012 Health Benefit Supplement Fund Retirement Fund $ 47,729,221 43,714,304 40,452,230 $ 65 2,676,405 2,772,127 2,582,057 Long-Term Disability Fund $ 1,069,996 1,023,276 983,214 Notes to the Financial Statements (Continued) Year ended June 30 EORP: 2014 2013 2012 Health Insurance Fund Pension Fund $ 9,804,302 8,551,750 8,233,336 $ 400,657 443,646 461,136 Agent Plans - For the year ended June 30, 2014, statute required active PSPRS (Maricopa County Sheriff) members to contribute 10.35 percent of the members’ annual covered payroll, and the County was required to contribute 35.87 percent, the aggregate of which is the actuarially required amount. The health insurance premium benefit portion of the contribution rate was actuarially set at 1.67 percent of covered payroll. Statute required active PSPRS (Maricopa County Attorney Investigators) members to contribute 10.35 percent of the members’ annual covered payroll, and the County was required to contribute 49.17 percent, the aggregate of which is the actuarially required amount. The health insurance premium benefit portion of the contribution rate was actuarially set at 1.62 percent of covered payroll. Statute required active CORP (Maricopa County Corrections Officers) members to contribute 8.41 percent of the members’ annual covered payroll. In addition, statute required the County to contribute 13.17 percent. The aggregate of the members’ and the County’s contribution is the actuarially required amount. The health insurance premium benefit portion of the contribution rate was actuarially set at 0.89 percent of covered payroll. Statute required active CORP (AOC Probation) members to contribute 8.41 percent of the members’ annual covered payroll, and the County was required to contribute 15.58 percent. The health insurance premium benefit portion of the contribution rate was actuarially set at 1.13 percent of covered payroll. All participating employers in the CORP Administrative Office of the Courts (AOC) are accounted for as one group within the Corrections Officer Retirement Plan, and as such, an actuarial valuation of CORPAOC is prepared only for the group as a whole. Therefore, actuarial information and certain trend information for the County, as a participating government, are not available. Actuarial methods and assumptions – The contribution requirements for the year ended June 30, 2014, were established by the June 30, 2012, actuarial valuations, and those actuarial valuations were based on the following actuarial methods and assumptions. Actuarial valuations involve estimates of the value of reported amounts and assumptions about the probability of events in the future. Amounts determined regarding the plans’ funded status and the annual required contributions are subject to continual revision as actual results are compared to past expectations and new estimates are made. The required schedule of funding progress presented as required supplementary information provides multiyear trend information that shows whether the actuarial value of the plans’ assets are increasing or decreasing over time relative to the actuarial accrued liability for benefits. Projections of benefits are based on (1) the plans as the County and plans’ members understand them and include the types of benefits in force at the valuation date, and (2) the pattern of sharing benefit costs between the County and plans’ members to that point. Actuarial calculations reflect a long-term perspective and employ methods and assumptions designed to reduce short-term volatility in actuarial accrued liabilities and the actuarial value of assets. The significant actuarial methods and assumptions used are the same for both plans and related benefits (unless noted), and the following actuarial methods and assumptions were used to establish the fiscal year 2014 contribution requirements: Actuarial valuation date Actuarial cost method Amortization method Remaining amortization period June 30, 2012 Entry age normal Level percent closed for unfunded actuarial accrued liability, open for excess 24 years for unfunded actuarial accrued liability, 20 years for excess 66 Notes to the Financial Statements (Continued) Asset valuation method Actuarial assumptions: Investments rate of return Projected salary increases includes inflation at 7-year smoothed market value (80%/120% market) 8% 5%-9% for PSPRS and 5%-8.25% for CORP 5% for PSPRS and CORP Annual Pension/OPEB Cost - The County’s pension/OPEB cost for the agent plans for the year ended June 30, 2014, and related information follows. (Sheriff) Pension: Annual pension/OPEB cost Contributions made Health Insurance Premium Benefit: Annual pension/OPEB cost Contributions made PSPRS (Investigators) CORP (Corrections) $ 14,351,224 14,351,224 $ 556,825 unknown 556,825 $ 12,254,508 12,254,508 $ 691,524 691,524 $ 15,003 15,003 $ 851,421 851,421 Trend Information – Annual pension and OPEB cost information for the current and two preceding years for each of the agent plans: Plan Contributions Required and Contributions Made Annual Pension/OPEB Percentage of APC Cost (APC) Contributed Net Pension/OPEB Obligation Year Ended June 30, 2014 Pension: PSPRS (Sheriff) PSPRS (Investigators) CORP (Corrections) $ 14,351,224 556,825 12,254,508 100.0% 100.0% 100.0% $ 0 0 0 Health Insurance Premium Benefit: PSPRS (Sheriff) PSPRS (Investigators) CORP (Corrections) $ 691,524 15,003 851,421 100.0% 100.0% 100.0% $ 0 0 0 Year Ended June 30, 2013 Pension: PSPRS (Sheriff) PSPRS (Investigators) CORP (Corrections) $ 10,308,139 321,210 8,774,465 100.0% 100.0% 100.0% $ 0 0 0 Health Insurance Premium Benefit: PSPRS (Sheriff) PSPRS (Investigators) CORP (Corrections) $ 723,728 14,552 945,067 100.0% 100.0% 100.0% $ 0 0 0 Year Ended June 30, 2012 Pension: PSPRS (Sheriff) PSPRS (Investigators) CORP (Corrections) $ 8,663,626 313,766 6,453,234 100.0% 100.0% 100.0% $ 0 0 0 Health Insurance Premium Benefit: PSPRS (Sheriff) PSPRS (Investigators) CORP (Corrections) $ 774,910 13,759 913,646 100.0% 100.0% 100.0% $ 0 0 0 67 Notes to the Financial Statements (Continued) Funded Status - The plans’ funded status as of the most recent valuation date, June 30, 2014, along with the actuarial assumptions and methods used in those valuations follow. PSPRS Pension Actuarial value of assets (a) Actuarial accrued liability (b) Unfunded actuarial accrued liability (funding excess) (b)–(a) Sheriff Health Insurance Premium Benefit Investigators Health Insurance Premium Pension Benefit CORP Corrections Health Insurance Premium Pension Benefit $ 188,638,358 $ 11,742,955 $ 4,336,729 $ 243,445 $ 203,684,774 $ 13,834,531 $ 423,712,440 $ $ 11,195,054 $ 195,399 $ 355,684,352 $ 10,429,987 $ 235,074,082 $ (2,564,576) $ 6,858,325 $ (48,046) $ 151,999,578 $ Funded ratio (a)/(b) Annual covered payroll (c) $ Unfunded actuarial accrued liability (funding excess) as a % of covered payroll [(b)–(a)]/(c) 44.5% 41,936,849 560.5% 9,178,379 127.9% $ 41,936,849 38.7% $ 1,162,961 (6.1%) 589.7% 124.6% $ 1,162,961 (4.1%) (3,404,544) 57.3% $ 132.6% 99,513,508 $ 99,513,508 152.7% (3.4%) The actuarial methods and assumptions used are the same for both plans and related benefits (unless noted), and for the most recent valuation date are as follows: Actuarial valuation date Actuarial cost method Amortization method Remaining amortization period Asset valuation method Actuarial assumptions: Investment rate of return Projected salary increases includes inflation at June 30, 2014 Entry age normal Level percent closed for unfunded actuarial accrued liability, open for excess 22 years for unfunded actuarial accrued liability, 20 years for excess 7-year smoothed market value (80%/120% market) 7.85% 4.0% - 8.0% for PSPRS and 4.0% - 7.25% for CORP 4.0% for PSPRS and CORP NOTE 21 – INTERFUND BALANCES AND ACTIVITY Interfund receivables and payables – interfund balances at June 30, 2014, were as follows: Payable To General Fund $ 9,694,397 465,328 $ 10,159,725 Payable from Nonmajor Governmental Funds Internal Service Funds Total Due From Total Due To $ 9,694,397 465,328 $ 10,159,725 All interfund receivables and payables represent cash deficits that were the result of timing differences from grant revenues received in the subsequent year and cash transfers that had not occurred at June 30, 2014. 68 Notes to the Financial Statements (Continued) Interfund transfers – interfund transfers for the year ended June 30, 2014, were as follows: Transfers In Transfers Out General Fund Detention Operations Fund General Fund $ $ 173,940,798 Detention Capital Projects Fund County Improvement Debt Fund $ $ Detention Operations Fund General Fund County Improvements Fund Technology Capital Improvement Fund $ 145,164,013 $ 11,640,000 7,248,089 Detention Capital Projects Fund General Fund County Improvements Fund Technology Capital Improvement Fund 117,000 $ 95,480 Internal Service Funds Total Transfers Out $ 4,466,508 $ 335,306,799 512,929 7,761,018 25,000,001 25,000,001 73,471,435 75,531,121 2,020,000 Nonmajor Governmental Funds Total Transfers In 1,942,686 Nonmajor Governmental Funds 2,020,000 750 40,642 $ 2,137,750 $ 173,981,440 1,139,944 $ 74,496,457 3,082,630 $ 7,248,089 $ 145,164,013 $ 85,111,435 $ 100,104,867 75,677,793 $ 4,466,508 $ 521,296,732 All interfund transfers are budgeted and are used to move revenues from the fund that collects them to the fund that expends them. The interfund receivables, payables, and transfers by fund are as follows: Due From Other Funds Funds MAJOR FUNDS General Fund $ 10,159,725 Due To Other Funds $ Transfers In $ Special Revenue Funds Detention Operations 2,137,750 173,981,440 Debt Service Funds County Improvement Debt Transfers Out $ 335,306,799 7,761,018 3,082,630 Capital Projects Funds Detention Capital Projects General Fund County Improvements Technology Capital Improvement 7,248,089 145,164,013 85,111,435 NONMAJOR FUNDS Special Revenue Funds Air Quality Grants Animal Control Field Operations Animal Control License/Shelter Ballpark Operations Cactus League Operations CDBG Housing Trust Clerk of the Court Grants Environmental Services Environmental Health Flood Control Human Services Grants Inmates Services Library District Medical Examiner Grants Parks Enhancement Parks Souvenir Public Health Fees Public Health Grants School Grants Sheriff RICO Superior Court Fill the Gap Superior Court Grants Transportation Grants Transportation Operations 25,000,001 75,531,121 2,020,000 678,419 106,471 1,033,473 6,698,594 1,661,196 87,237 166,350 200,888 87,237 3,751,025 87,237 87,237 87,237 7,055 87,237 87,237 4,540,535 87,237 117,315 185,935 6,061 1,992 87,237 38,822 87,237 87,237 87,237 Debt Service Funds Special Assessment Stadium District Debt Service 87,237 65,500 87,237 87,237 512,929 87,237 3,161,255 87,237 87,237 111,270 87,237 29,980 87,237 87,237 87,237 111,270 750 87,237 87,237 87,237 87,237 32,943 87,237 87,237 87,237 87,237 48,134,797 87,237 87,237 32,943 87,237 1,661,196 87,237 5,706,857 69 87,237 14,696,402 87,237 40,642 Notes to the Financial Statements (Continued) Capital Projects Funds Detention Technology Capital Improvement Flood Control Capital Projects Library District Capital Improvement Long Term Project Reserve Transportation Capital Projects 87,237 87,237 Internal Service Funds Risk Management Sheriff Warehouse 87,237 Total 87,237 87,237 87,237 $ 10,159,725 70 $ 87,237 465,328 10,159,725 $ 87,237 25,000,001 87,237 14,696,402 87,237 87,237 991,737 48,134,797 87,237 87,237 87,237 87,237 4,466,508 87,237 521,296,732 87,237 3,161,255 87,237 87,237 $ 521,296,732 Financial Section Required Supplementary Information Required Supplementary Information Maricopa County Required Supplementary Information Budgetary Comparison Schedule General Fund For the Fiscal Year Ended June 30, 2014 Variance With Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes Licenses and permits $ 423,402,095 $ 423,402,095 $ 422,074,283 $ (1,327,812) 2,292,821 2,292,821 2,745,683 452,862 571,935,438 571,986,921 592,086,027 20,099,106 Charges for services 39,699,561 39,699,561 39,288,109 (411,452) Fines and forfeits 12,288,138 12,288,138 11,779,626 (508,512) 4,000,000 2,725,088 4,000,000 2,725,088 475,529 8,191,440 (3,524,471) 5,466,352 1,056,343,141 1,056,394,624 1,076,640,697 20,246,073 906,375 Intergovernmental Interest income Miscellaneous Total revenues EXPENDITURES General government Assessor 22,927,345 23,756,830 22,850,455 Assistant County Manager 1,782,972 1,831,906 1,049,372 782,534 Board of Supervisors 3,211,869 3,290,117 2,826,869 463,248 County Call Center 1,554,912 1,602,781 1,516,425 86,356 County Managers Office 2,439,400 2,516,740 2,416,893 99,847 Deputy County Manager 1,358,840 1,409,318 1,280,905 128,413 Elections 8,746,417 11,295,578 11,147,910 147,668 Enterprise Technology 24,139,806 24,558,606 20,512,834 4,045,772 Facilities Management 52,260,828 52,807,819 41,632,132 11,175,687 2,769,592 2,868,645 2,575,483 293,162 84,762,142 33,275,796 10,032,076 23,243,720 Internal Audit 1,734,205 1,799,384 1,704,966 94,418 Management and Budget 2,278,881 2,372,253 2,113,329 258,924 Procurement Services 2,343,332 2,437,552 2,382,297 55,255 Recorder 2,077,838 2,122,269 1,831,595 290,674 Finance Non-Departmental Research and Reporting 326,943 338,578 335,441 3,137 4,707,756 3,277,286 4,923,166 3,386,058 4,901,986 3,383,544 21,180 2,514 222,700,364 176,593,396 134,494,512 42,098,884 Adult Probation 41,835,539 46,822,062 46,675,124 146,938 Clerk of Superior Court 32,330,898 33,502,188 29,857,150 3,645,038 Constables 2,749,646 2,872,127 2,828,687 43,440 Correctional Health 3,123,860 3,181,813 3,091,847 89,966 70,940,676 78,231,498 78,093,992 137,506 32,539 Treasurer Workforce Management and Development Total General Government Public safety County Attorney Emergency Management 234,457 241,685 209,146 15,792,908 16,890,028 16,889,959 69 Juvenile Defender 6,888,167 7,705,587 7,691,414 14,173 Juvenile Probation 15,428,434 16,961,911 16,953,124 8,787 Justice Courts The note to the budgetary comparison schedules is an integral part of this schedule 73 (continued) Maricopa County Required Supplementary Information Budgetary Comparison Schedule General Fund (Continued) For the Fiscal Year Ended June 30, 2014 Variance With Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) Public safety (cont.) Legal Defender $ Medical Examiner 10,324,234 $ 11,601,032 $ 11,581,750 $ 19,282 7,776,675 8,197,650 8,179,755 17,895 Office Contract Counsel 37,009,695 40,338,349 39,503,073 835,276 Office of Legal Advocate 9,123,335 9,874,158 9,856,946 17,212 868,232 868,232 868,232 Planning and Development Protective Services 3,719,757 3,856,867 3,782,811 Public Defender 33,974,467 37,560,850 37,544,401 16,449 Public Fiduciary 2,991,842 3,148,902 2,952,558 196,344 87,034,879 76,093,152 102,041,972 79,710,924 94,523,951 79,503,931 7,518,021 206,993 458,240,853 503,607,835 490,587,851 13,019,984 1,158,313 1,185,698 1,073,924 111,774 258,954 258,954 258,954 Sheriff General Fund Superior Court Total public safety 74,056 Health, welfare and sanitation Air Quality Animal Care and Control Environmental Services 3,940,266 4,040,000 3,911,036 128,964 229,756,146 229,756,146 225,046,279 4,709,867 Health Care Programs 1,996,548 2,011,422 1,251,382 760,040 Human Services 2,260,912 2,260,912 2,081,921 178,991 10,727,580 5,228,083 11,216,570 5,275,210 11,094,398 4,807,331 122,172 467,879 255,326,802 256,004,912 249,525,225 6,479,687 3,000,512 3,000,512 2,805,318 195,194 3,511,902 3,559,761 3,542,433 17,328 942,780,433 942,766,416 880,955,339 61,811,077 113,562,708 113,628,208 195,685,358 82,057,150 2,137,000 (345,766,533) 2,137,000 (345,832,033) 2,137,750 (335,306,799) 750 10,525,234 (343,629,533) (343,695,033) (333,169,049) 10,525,984 (230,066,825) (230,066,825) (137,483,691) 92,583,134 230,066,825 230,066,825 277,830,627 47,763,802 626,123 626,123 Non-Departmental Public Health Waste Resources and Recycling Total health, welfare and sanitation Culture and recreation Parks and Recreation Education Superintendent of Schools Total expenditures Excess of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing uses Net change in fund balances Fund balance, July 1, 2013 Change in nonspendable resources: Increase in inventories Fund balance, June 30, 2014 $ $ The note to the budgetary comparison schedules is an integral part of this schedule. 74 $ 140,973,059 $ 140,973,059 Maricopa County Required Supplementary Information Budgetary Comparison Schedule Detention Operations Fund For the Fiscal Year Ended June 30, 2014 Variance With Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes $ 131,106,321 $ 131,106,321 $ Intergovernmental 133,929,831 $ 1,127,899 Charges for services 2,823,510 1,127,899 28,085,280 28,085,280 27,148,722 (936,558) 1,600,000 1,600,000 122,020 (1,477,980) 33,672 160,825,273 33,672 160,825,273 781,004 163,109,476 747,332 2,284,203 386,141,522 385,619,340 338,199,923 47,419,417 2,998,991 389,140,513 3,008,244 388,627,584 2,979,351 341,179,274 28,893 47,448,310 (228,315,240) (227,802,311) (178,069,798) 49,732,513 Transfers in 173,940,798 173,940,798 173,981,440 40,642 Transfers out (7,248,089) 166,692,709 (7,761,018) 166,179,780 (7,761,018) 166,220,422 40,642 (61,622,531) (61,622,531) (11,849,376) 49,773,155 67,400,720 67,400,720 73,179,418 5,778,698 Interest income Miscellaneous Total revenues EXPENDITURES Current: Public safety Capital outlay Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES (USES) Total other financing sources Net change in fund balances Fund balance, July 1, 2013 Change in nonspendable resources: Decrease in inventories Fund balance, June 30, 2014 (1,090) $ 5,778,189 $ The note to the budgetary comparison schedules is an integral part of this schedule 75 5,778,189 $ 61,328,952 (1,090) $ 55,550,763 Maricopa County Required Supplementary Information Note to Budgetary Comparison Schedules June 30, 2014 NOTE 1 - BUDGETARY BASIS OF ACCOUNTING Budgeting and Budgetary Control Arizona Revised Statutes (A.R.S.) requires the County to prepare and adopt a balanced budget annually for each governmental 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. prohibits 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. However, in the General Fund, the County records capital outlay expenditures by the expenditure function and department. The County has adopted budgets in accordance with the A.R.S. requirements for the General, Special Revenue, Debt Service, and Capital Projects Funds, with the exception of the following funds: Accommodation Schools, Del Webb Special Revenue, Street Lighting District, Special Assessment, and the Special Improvement Districts 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 Internal Service 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 with the exception of the Judicial Branch, which includes Adult Probation, Justice Courts, Juvenile Probation and Superior Court, require authorization from the Board of Supervisors. The Judicial Branch appropriations can be moved between the Judicial Branch departments by fund, as requested and approved by the Presiding Judge, without further Board approval. 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. 76 Maricopa County Required Supplementary Information Schedule of Agent Retirement Plans’ Funding Progress June 30, 2014 Public Safety Personnel Retirement System As of the financial statement reports were not (1) issue date, (2)the agent plans’ (3) fiscal year (4) 2011 actuarial (5) (6) UAAL (funding available. Therefore, the information presented Unfunded below isactuarial based on the most recent data available for Actuarial Actuarial Actuarial accrued liability Funded Annual excess) as a % of these plans. Valuation value of accrued (UAAL) ratio covered covered payroll Date Sheriff Pension 6/30/2014 6/30/2013 6/30/2012 Health Insurance Premium Benefit 6/30/2014 6/30/2013 6/30/2012 Investigators Pension 6/30/2014 6/30/2013 6/30/2012 Health Insurance Premium Benefit 6/30/2014 6/30/2013 6/30/2012 assets liability (2)-(1) (1)/(2) payroll $ 188,638,358 196,884,139 197,115,792 $ 423,712,440 350,255,303 339,997,849 $ 235,074,082 153,371,164 142,882,057 44.5% 56.2% 58.0% $ 41,936,849 36,253,259 37,558,838 $ 11,742,955 0 0 $ 9,178,379 8,938,854 8,649,614 $ (2,564,576) 8,938,854 8,649,614 127.9% 0.0% 0.0% $ 41,936,849 36,253,259 37,558,838 $ 4,336,729 4,227,762 3,926,787 $ 11,195,054 9,149,797 8,963,566 $ 6,858,325 4,922,035 5,036,779 38.7% 46.2% 43.8% $ 1,162,961 678,993 840,022 $ 243,445 0 0 $ 195,399 140,686 160,820 $ (48,046) 140,686 160,820 124.6% 0.0% 0.0% $ 1,162,961 678,993 840,022 (3)/(5) 560.5% 423.1% 380.4% (6.1%) 24.7% 23.0% 589.7% 724.9% 599.6% (4.1%) 20.7% 19.1% Corrections Officer Retirement Plan Actuarial Valuation Date Correction Officers Pension 6/30/2014 6/30/2013 6/30/2012 Health Insurance Premium Benefit 6/30/2014 6/30/2013 6/30/2012 (1) (2) Actuarial value of assets Actuarial accrued liability $ 203,684,774 204,776,089 194,081,165 $ 355,684,352 293,376,438 275,304,660 $ 13,834,531 0 0 $ 10,429,987 9,974,315 9,289,383 (3) Unfunded actuarial accrued liability (UAAL) (2)-(1) (4) (5) Funded ratio (1)/(2) Annual covered payroll $ 151,999,578 88,600,349 81,223,495 57.3% 69.8% 70.5% $ 99,513,508 89,663,578 86,771,260 $ (3,404,544) 9,974,315 9,289,383 132.6% 0.0% 0.0% $ 99,513,508 89,663,578 86,771,260 See accompanying note to the schedule of agent retirement plans’ funding status. 77 (6) UAAL (funding excess) as a % of covered payroll (3)/(5) 152.7% 98.8% 93.6% (3.4%) 11.1% 10.7% Maricopa County Required Supplementary Information Notes to Schedule of Agent Retirement Plans’ Funding Progress June 30, 2014 NOTE 1 – ACTUARIAL INFORMATION AVAILABLE All participating employers in the CORP Administrative Office of the Courts (AOC) are accounted for as one group within the Corrections Officer Retirement Plan and, as such, an actuarial valuation of CORP-AOC is prepared only for the group as a whole. Therefore, actuarial information for the County, as a participating government, is not available. NOTE 2 – FACTORS THAT AFFECT THE IDENTIFICATION OF TRENDS Beginning in fiscal year 2014, PSPRS and CORP established separate funds for pension benefits and health insurance premium benefits. Previously, the plans recorded both pension and health insurance premium contributions in the same Pension Fund. During fiscal year 2014, the plans transferred prior-year health insurance premium benefit contributions that exceeded benefit payments from each plan’s Pension Fund to the new Health Insurance Fund. 78 Maricopa County Required Supplementary Information Modified Approach for Infrastructure Assets For the Fiscal Year Ended June 30, 2014 Condition Rating of Maricopa County Roadway System Percentage of Lane Miles in Very Good or Excellent Condition (71-100) Roadway System FY 2014 88% FY 2013 88% FY 2012 88% FY 2011 87% FY 2010 87% Percentage of Lane Miles in Substandard Condition < 55 Roadway System FY 2014 FY 2013 FY 2012 FY 2011 FY 2010 1% 1% 1% 1% 1% Comparison of Estimated to Actual Maintenance/Preservation Estimated Actual FY 2014 FY 2013 FY 2012 FY 2011 FY 2010 $ 16,898,176 $ 14,561,888 $ 13,676,976 $ 11,930,482 $ 34,788,600 $ 30,800,046 $ 24,225,831 $ 29,714,126 $ 33,256,730 $ 26,678,268 The condition of road pavement is measured using the Maricopa County Department of Transportation (MCDOT) Road Management System (RMS), which is based on weighted averages of nine distress factors of the pavement surface. The RMS used 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 75% 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 Bridge System FY 2014 99% FY 2013 99% FY 2012 99% FY 2011 99% FY 2010 99% Percentage of Bridges with a Sufficiency Rating < 50 Bridge System FY 2014 0% FY 2013 0% FY 2012 0% FY 2011 0% FY 2010 0% Comparison of Estimated to Actual Maintenance/Preservation Estimated Actual FY 2014 $2,387,500 $2,153,324 FY 2013 $ 87,500 $ 203,990 FY 2012 $5,610,000 $5,472,568 FY 2011 $4,517,000 $2,150,411 FY 2010 $1,730,000 $ 966,743 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). 79 80 Financial Section Nonmajor Governmental Funds Combining and Individual Fund Statements and Schedules Nonmajor Governmental Funds Maricopa County Listing of Nonmajor Governmental Funds (Continued) Special Revenue Funds Accommodation Schools — (Fund 509) Accounts for the maintenance and operations of the accommodation schools. (Fund 509 is for financial statement roll up purposes, off Advantage - Formerly Regional School District 509). Adult Probation Fees — (Fund 201) 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). Adult Probation Grants — (Fund 211) Revenues consist of grant funds that are used for domestic violence, women’s treatment programs, gang prevention and criminal justice records improvement. Air Quality Fees — (Fund 504) Air Quality works to protect the environment and public health through control, preservation, and improvement of the County’s air quality. Permit revenue authorized by A.R.S. §49-480 is the funding source. Air Quality Grants — (Fund 503) Air Quality Grants was set up to account for all grant activity administered by the Air Quality Department. Animal Control Field Operations — (Fund 574) Accounts for the Animal Control field services that are an optional County service from Animal Control pound activities, which are required by Arizona State Statute. Animal Control Grants — (Fund 573) Animal Control Grants was set up to account for all grant activity administered by Animal Control. Animal Control License/Shelter — (Fund 572) 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. Ballpark Operations — (Fund 253) Accounts for all revenues and expenditures related to Chase Field. Cactus League Operations — (Fund 250) 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. CDBG Housing Trust — (Fund 217) 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. Check Enforcement Program — (Fund 266) Accounts for fees that are collected pursuant to A.R.S. §13-1809 and §13-1810, any investigation and prosecution costs and any monies that are obtained as a result of a forfeiture and that are recovered for the county through enforcement of A.R.S. §13-1802, §13-1807, §13-2002 or §13-2310, whether by final judgment, settlement or otherwise. The monies in the fund shall be used for the investigation, prosecution and deferred prosecution of theft, forgery and fraud. Child Support Enhancement — (Fund 270) Accounts for funds received from a federal incentive award that is utilized for the enhancement of child support collections through efficient operation of the Title IV-D program. Children’s Issues Education — (Fund 281) 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. §25-354. Revenues that are received from the Clerk’s educational program fees supplement any state or county appropriations. Clerk of Court Fill the Gap — (Fund 218) This fund was set up as indicated by A.R.S. §41-2421F and accounts for monies distributed under A.R.S. §41-2421. Funds are to be used to supplement, not supplant, funding at the level provided in fiscal year 1998 by the counties for the processing of criminal cases in the Superior Court, including the Office of the Clerk of the Superior Court, and Justice Courts. Clerk of the Court EDMS — (Fund 274) 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). 83 Maricopa County Listing of Nonmajor Governmental Funds (Continued) Clerk of the Court Grants — (Fund 216) 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 Fees — (Fund 257) Accounts for the monies collected under A.R.S. §12-284E 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. County Attorney Fill the Gap — (Fund 221) County Attorney Fill the Gap was set up as indicated by A.R.S. §412421F and accounts for monies distributed under A.R.S. §41-2421. Funds are to be used to supplement, not supplant, funding at the level provided in fiscal year 1998 by the counties for the processing of criminal cases by county attorneys. County Attorney Grants — (Fund 219) 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. County Attorney RICO — (Fund 213) Accounts for funds that provided by the sale of confiscated property pursuant to A.R.S. §13-2314.03. Operated by the County Attorney, RICO consists of all the activity of the Anti-Racketeering Program. Court Document Retrieval — (Fund 205) Accounts for the collection of an additional filing or appearance fee, not to exceed $15, 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. Criminal Justice Enhancement — (Fund 267) Accounts for monies that are allocated to the county attorneys from the Arizona State Criminal Justice Enhancement fund (A.R.S. §41-2401). The funds are to be used for the purpose of enhancing prosecutorial efforts. Del Webb Special Revenue — (Fund 235) Accounts for the revenue received from the Del Webb Anthem community that is restricted to expenditure for development services and recreational services supporting the community. Diversion — (Fund 220) Establishes the ability of counties to offer special supervision programs for non-violent offenders in order to divert them from incarceration (A.R.S. §11-361). Funds are used to provide alternatives to criminal prosecution to appropriate offenders so that they can receive drug rehabilitation services without the cost of prosecution. Domestic Relations Mediation Education — (Fund 282) 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. Educational Supplemental Program — (Fund 795) Established to collect Title VI-B monies received from the Arizona Department of Education. Elections Grants — (Fund 248) Elections Grants was set up to account for all grant activity administered by the Elections Department. Emancipation Administrative Costs – (Fund 277) Emancipation Administration Fund was established by A.R.S. §122456 consisting of filing fees for a petition for emancipation of a minor pursuant to section 12-284, subsection J. Emergency Management — (Fund 215) Emergency Management activity consists of disaster planning and training. Environmental Services Environmental Health — (Fund 506) Environmental Services – Environmental Health Fund was established to account for activities related to the protection of food and water supplies consumed by residents. Funding is provided by fees collected from Health Inspections and the sale of Health Permits. 84 Maricopa County Listing of Nonmajor Governmental Funds (Continued) Expedited Child Support — (Fund 271) 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. Flood Control — (Fund 991) 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. This fund is part of the Maricopa County Flood Control District, a legally separate entity, which is a blended component unit of Maricopa County. Flood Control Grants — (Fund 989) General Government Grants was set up to account for all non-department specific grant activity. This fund is part of the Maricopa County Flood Control District, a legally separate entity, which is a blended component unit of Maricopa County. Human Services Grants — (Fund 222) Accounts for the grant funds that are utilized for community action services designed to help the disadvantaged achieve self-sufficiency and family stability. Inmate Health Services — (Fund 254) Accounts for the co-payments received from inmates for self initiated health service pursuant to A.R.S. §31-161 and A.R.S. §31-162. Inmate Services — (Fund 252) 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 inmates. Judicial Enhancement — (Fund 208) Revenues consist of fees and surcharges collected under authority of A.R.S. §12-284.03 and time payment fees collected under authority of A.R.S. §12-116. In addition, revenues are received from the State Judicial 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. Justice Court Judicial Enhancement — (Fund 204) 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. Justice Courts Photo Enforcement — (Fund 237) Established by the Board of Supervisors on November 4, 2009 (C24-10-001-M-00) to account for the Justice Courts fee revenue and operating expenditures associated with photo radar traffic enforcement. Justice Courts Special Revenue — (Fund 245) 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 a user’s charge to be added to the Defensive Driving School Diversion Fee as of March 1, 1998. Juvenile Probation Diversion — (Fund 275) The Juvenile Probation Diversion fund was established by A.R.S. §11537 and consists of diversion fees that are collected pursuant to A.R.S. §8-321(N). The monies shall be used at the discretion of the county attorney for administering county community based alternative programs that are established pursuant to A.R.S. §8-321. Juvenile Probation Grants — (Fund 227) Accounts for the grant funds that are utilized for the child nutrition program, family counseling and safe schools program. Juvenile Probation Special Fees — (Fund 228) 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. Juvenile Restitution — (Fund 229) 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. Lake Pleasant Recreation Services — (Fund 240) 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. Law Library Fees — (Fund 261) 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. 85 Maricopa County Listing of Nonmajor Governmental Funds (Continued) Legal Defender Fill the Gap — (Fund 263) Legal Defender Fill the Gap was set up as indicated by A.R.S. §41-2421F and accounts for monies distributed under A.R.S. §41-2421. Funds are to be used to supplement, not supplant, funding at the level provided in fiscal year 1998 by counties for the processing of criminal cases by the county public defender, legal defender and contract indigent defense counsel in each county. Library District — (Funds 244/246) Provides and maintains library services for the residents of Maricopa County. Operations are funded by a secondary tax levy. This fund is part of the Maricopa County Library District, a legally separate entity, which is a blended component unit of Maricopa County. Library District Grants — (Fund 242) Library District Grants was set up to account for all grant activity administered by the County Library District. This fund is part of the Maricopa County Library District, a legally separate entity, which is a blended component unit of Maricopa County. Medical Examiner Grants — (Fund 224) Medical Examiner Grants was set up to account for all grant activity administered by the department of the Medical Examiner. Non-Departmental Grants — (Fund 249) Non-Departmental Grants was set up to account for all non-department specific grant activity. Officer Safety Equipment — (Fund 206) Accounts for the assessments that are received by the County for investigations or issued citations pursuant to A.R.S. §12-116.04. The monies in the fund should be used to supplement, not supplant, monies available for officer safety equipment. Palo Verde — (Fund 207) Palo Verde receives an annual allocation from the State of Arizona. Expenditures are utilized for nuclear disaster training. Parks and Recreation Grants — (Fund 230) Accounts for the grant funds that are utilized for state lake improvements, park restoration and the construction and maintenance of hiking trails. Parks Donations — (Fund 243) Accounts for donations and contributions activities provided for by citizens or groups. Parks Enhancement — (Fund 241) Accounts for park and recreation revenues and expenditures associated with enhancing parks and recreation programs pursuant to A.R.S. §11-941. Parks Souvenir — (Fund 239) Accounts for sales proceeds of sundry items at the Maricopa County Parks. Parks Spur Cross Ranch Conservation — (Fund 225) Accounts for the money collected from a Town imposed ½% transaction privilege tax for the operation of the County park. Planning and Development Fees — (Fund 226) Performs mandated community planning functions. provided mainly through license and impact fees. Funding is Probate Fees — (Fund 256) Administers the monies received by the Clerk of the Superior 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 Fill the Gap — (Fund 262) Public Defender Fill the Gap was set up as indicated by A.R.S. §41-2421F and accounts for monies distributed under A.R.S. §41-2421. Funds are to be used to supplement, not supplant, funding at the level provided in fiscal year 1998 by counties for the processing of criminal cases by the county public defender, legal defender and contract indigent defense counsel in each county. Public Defender Grants — (Fund 233) Accounts for grant funds that are utilized for public defender training and to increase the processing of drug cases. Public Defender Training — (Fund 209) 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 Fees — (Fund 265) Accounts for public health programs that are self-supported by Vital Health fees and pharmacy operations. Public Health Grants — (Fund 532) 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. 86 Maricopa County Listing of Nonmajor Governmental Funds (Continued) Recorder’s Surcharge — (Fund 236) 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. School Communication Expense — (Fund 782) Accounts for management of centralized billings paid by Superintendent of Schools for multiple school districts. School Grants — (Fund 715) Accounts for all grant activity administered by the Superintendent of Schools. School Transportation — (Fund 780) 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. Sheriff Donations — (Fund 203) 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 — (Fund 251) Accounts for grant and intergovernmental funds that support and enhance Sheriff Office activities. Sheriff Jail Enhancement — (Fund 214) Per A.R.S. §41-2401, the Arizona State Department of Corrections allocates criminal justice enhancement fund to County Sheriffs for the purpose of enhancing County Jail facilities and operations. Sheriff RICO — (Fund 212) This fund consists of monies received as result of participation in any investigation or prosecution, whether by final judgment, settlement, or otherwise. Monies may be used for the funding of gang prevention programs, substance abuse prevention programs, substance abuse education programs, and witness protection or for any purposes permitted by federal law relating to the disposition of any property that is transferred to a law enforcement agency. Sheriff Towing and Impound — (Fund 258) Accounts for the fees collected for the removal, immobilization, impoundment, storage, and release of a vehicle pursuant to A.R.S. § 28-3513. The monies in the fund shall be used for the purpose implemented in A.R.S. §28-872. Small School Service — (Fund 669) Established per A.R.S. §15-365 to account for service programs operated through the County School Superintendent. Spousal Maintenance Enforcement Enhancement — (Fund 276) The Spousal Maintenance Enforcement Enhancement Fund is established for the Clerk of the Superior Court consisting of monies received pursuant to A.R.S. §12-289. The Clerk will spend monies in the fund to enhance enforcement of spousal maintenance orders. In addition to the fees required by section A.R.S. §12-284, the clerk shall charge and collect a surcharge of five dollars for each filing of a petition or an answer for annulment, dissolution of marriage or legal separation. The clerk will use the surcharge only for the purposes prescribed by this statute. Street Lighting District — (Fund 992) Provides street lighting in unincorporated areas of Maricopa County. Operations are funded by special assessment. Superior Court Fill the Gap — (Fund 264) Superior Court Fill the Gap was set up as indicated by A.R.S. §41-2421F and accounts for monies distributed under A.R.S. §41-2421. Funds are to be used to supplement, not supplant, funding at the level provided in fiscal year 1998 by the counties for the processing of criminal cases in the superior court, including the office of the clerk of the superior court, and justice courts. Superior Court Grants — (Fund 238) Grant funds are used for drug enforcement accounting, court appointed special advocates and case processing assistance. Superior Court Special Revenue — (Fund 259) Accounts for monies received under an intergovernmental agreement with the Department of Economic Security to conduct Title IV-D child support enforcement enhancements. Taxpayer Information — (Fund 741) Consist of monies collected from the public records copy surcharge imposed under A.R.S. §11-496, the tax-lien-processing fee imposed pursuant to A.R.S. §42-18116, $50 of each judgment-deed fee collected pursuant to A.R.S. §42-18205, interest earned from the elderly assistance fund pursuant to A.R.S. §4217401 and the community facilities district special assessment fee imposed pursuant to A.R.S. §48-721. The County Treasurer shall administer the fund and spend monies in the fund only to defray the cost of converting or upgrading an automated public information system. (Fund 741 is for financial statement roll up purposes, off Advantage.) 87 Maricopa County Listing of Nonmajor Governmental Funds (Continued) Transportation Grants — (Fund 223) Transportation Grants was set up to account for all grant activity administered by the County Transportation Department. Transportation Operations — (Fund 232) Plans and implements an environmentally balanced multi-model transportation system. Operations are funded through highway user taxes. Victim Compensation Interest — (Fund 269) Established as authorized by A.R.S. §11-538 consisting of monies that are distributed pursuant to A.R.S. §12-286 (75 percent of the interest earned on restitution monies that are received in trust). The County Attorney shall use monies in the fund to assist eligible victims of crime with medical, counseling and funeral expenses and lost wages. Victim Compensation Restitution — (Fund 268) Established to administer funding provided from the State Victim Compensation and Assistance fund (A.R.S. §41-2407) and from prisoner supervision fees under A.R.S. §31-418. The fund is used for establishing, maintaining and supporting programs that compensate and assist victims of crime. Victim Location — (Fund 273) 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 Management — (Fund 210) 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 tonnages of refuse dumped. Expenditures are used for economic development in Mobile and other unincorporated areas of the County. Waste Tire — (Fund 290) Accounts for the operations activity of the waste tire processing center for the removal of waste tires from the County pursuant to A.R.S. §44-1305. Debt Service Funds Special Assessment — (Fund 994) Accounts for debt service on special assessment bonds. Funding is provided by special assessments made against the benefiting property owners. (Fund 994 is for financial statement roll up purposes, off Advantage.) Stadium District Debt Service — (Fund 370) Accounts for debt service on Stadium District revenue bonds. This fund is part of the Maricopa County Stadium District, a legally separate entity, which is a blended component unit of Maricopa County. Capital Projects Funds Detention Technology Capital Improvement — (Fund 461) Established by the Board of Supervisors to account for Detention Fund resources restricted for technology improvement projects consistent with A.R.S. §42-6109.01. Flood Control Capital Projects — (Fund 990) Set up administratively as a capital project fund to track capital projects activity of the Flood Control District. Funding is provided by a reimbursement transfer from the Flood Control District which derives its funding from an annual Property Tax Levy. Intergovernmental Capital Projects — (Fund 422) Accounts for capital project spending predominantly funded from General Fund revenues. Library District Capital Improvement — (Fund 465) Accounts for Library District capital projects funded from Library District revenue transfers. This fund is part of the Maricopa County Library District, a legally separate entity, which is a blended component unit of Maricopa County. Long Term Project Reserve — (Fund 450) Accounts for sales tax (Stadium Tax) proceeds collected in excess of the $238,000,000 cap imposed by County Board Resolution. This fund is part of the Maricopa County Stadium District, a legally separate entity, which is a blended component unit of Maricopa County. Special Improvement Districts — (Fund 993) Accounts for capital projects financed by the issuance of special assessment bonds. Transportation Capital Projects — (Fund 234) Established administratively as a capital project fund to track capital project activity of the County Transportation Department. Funding is provided by a reimbursement transfer from the Transportation Fund that derives its funding from the State Highways User’s Tax. 88 89 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds June 30, 2014 SPECIAL REVENUE FUNDS Animal Accommodation Schools Adult Adult Air Air Control Probation Fees Probation Grants Quality Fees Quality Grants Field Operations ASSETS Cash in bank and on hand $ $ $ $ $ $ Cash and investments held by County Treasurer 2,201,532 1,869,605 Receivables 467,336 10,585,326 890 1,597,275 9,721 Due from other governmental units 1,785 131,143 834,865 Inventories Miscellaneous Cash and investments held by trustee – restricted Total assets $ 2,201,532 $ 104,909 $ 1,870,495 $ 598,479 $ 10,595,047 $ 834,865 $ $ $ 101,095 $ $ 156,445 $ 1,599,060 LIABILITIES Accounts payable Employee compensation payable 167,658 1,035 31,271 Accrued liabilities 92,242 164,673 24,108 5,368 43,207 80 Due to other funds 678,419 Interest payable Special assessment debt with governmental commitment Unearned revenue 497,384 Deposits held for other parties 104,909 Total liabilities 168,693 629,750 256,995 858,972 48,575 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax Unavailable revenue – intergovernmental Total deferred inflows of resources 121,310 167,695 121,310 167,695 FUND BALANCES Nonspendable Restricted 2,096,623 1,701,802 2,096,623 1,701,802 2,201,532 $ 1,870,495 10,338,052 1,550,485 Committed (152,581) Unassigned Total fund balances Total liabilities, deferred inflows of resources, and fund balances $ 90 (152,581) $ 598,479 (191,802) 10,338,052 $ 10,595,047 (191,802) $ 834,865 1,550,485 $ 1,599,060 SPECIAL REVENUE FUNDS Animal Animal Control Grants Control License/Shelter $ $ 106,549 2,680 Ballpark Operations $ 84,227 Cactus CDBG Check Child League Operations Housing Trust Enforcement Program Support Enhancement $ $ 3,907,844 6,971,985 4,553,184 3,171 6,413 4,187 $ 300 $ 149,297 838,883 759 2,029,325 41,910 77,504 $ 106,549 $ 3,955,605 $ 7,140,129 $ 4,557,371 $ 2,029,325 $ 149,597 $ $ 164,134 $ 138,954 $ 50,090 $ 1,000 $ 1,259,732 $ 2,300 $ 13,827 97,013 8,473 6,607 839,642 6,132 26 166,350 603,243 177,961 235,993 58,563 1,000 2,035,932 8,432 437,886 437,886 41,910 3,677,702 7,081,566 4,556,371 3,719,612 7,081,566 4,556,371 (71,412) 106,549 839,642 141,165 839,642 (444,493) (71,412) $ 141,165 $ 3,955,605 $ 7,140,129 $ 4,557,371 (444,493) $ 2,029,325 $ 149,597 $ 839,642 (continued on next page) 91 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2014 SPECIAL REVENUE FUNDS Children’s Clerk of Clerk of Clerk of Conciliation Issues Education Court Fill The Gap the Court EDMS the Court Grants Court Fees ASSETS Cash in bank and on hand $ $ $ $ $ Cash and investments held by County Treasurer 42,126 459,658 467,131 381,566 Receivables Due from other governmental units 200,986 Inventories Miscellaneous Cash and investments held by trustee – restricted Total assets $ 42,126 $ 459,658 $ 467,131 $ 563 $ 50,863 $ 200,986 $ 98 $ 381,566 LIABILITIES Accounts payable $ $ Employee compensation payable 42,711 36,330 4,883 Accrued liabilities Due to other funds 200,888 Interest payable Special assessment debt with governmental commitment Unearned revenue Deposits held for other parties 43,274 Total liabilities 87,193 205,869 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax 98 Unavailable revenue – intergovernmental 98 Total deferred inflows of resources FUND BALANCES Nonspendable Restricted 42,126 416,384 379,938 42,126 416,384 379,938 381,566 Committed (4,981) Unassigned Total fund balances Total liabilities, deferred inflows of resources, and fund balances $ 42,126 $ 92 459,658 $ 467,131 (4,981) $ 200,986 381,566 $ 381,566 SPECIAL REVENUE FUNDS County County County Court Criminal Del Webb Attorney Fill the Gap Attorney Grants Attorney RICO Document Retrieval Justice Enhancement Special Revenue $ $ 150,012 $ 1,205,775 665,989 $ 3,837,978 $ 336,520 $ 335,234 32,706 Diversion $ 515,149 1,870,088 476 1,728 213,819 92,210 $ 150,012 $ $ $ 41,376 1,511,804 $ 4,536,673 $ 175 $ 18,351 $ 99,444 336,520 $ 475 $ 335,234 $ 515,625 $ $ $ 1,871,816 8,504 23,705 28,608 80,759 1,106,067 24,180 28,608 89,263 3,430,606 312,340 306,626 515,625 1,782,553 3,430,606 312,340 306,626 515,625 1,782,553 1,511,633 1,087,716 41,376 1,611,252 2 2 108,636 (99,450) 108,636 $ 150,012 (99,450) $ 1,511,804 $ 4,536,673 $ 336,520 $ 335,234 $ 515,625 $ 1,871,816 (continued on next page) 93 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2014 SPECIAL REVENUE FUNDS Domestic Relations Educational Mediation Education Supplemental Program Emancipation Elections Grants Administrative Costs Emergency Management ASSETS Cash in bank and on hand $ $ $ $ $ Cash and investments held by County Treasurer 104,605 473,880 Receivables 635,757 4,385 264,641 464 Due from other governmental units 10,587 Inventories Miscellaneous Cash and investments held by trustee – restricted Total assets $ 104,605 $ 474,344 $ 635,757 $ 4,487 $ 270 $ 4,385 $ 275,228 LIABILITIES Accounts payable $ $ Employee compensation payable $ 18,770 10,211 Accrued liabilities Due to other funds Interest payable Special assessment debt with governmental commitment Unearned revenue 635,487 239,892 635,757 250,103 Deposits held for other parties 23,257 Total liabilities DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax 7,868 Unavailable revenue – intergovernmental 7,868 Total deferred inflows of resources FUND BALANCES Nonspendable Restricted 104,605 451,087 4,385 17,257 104,605 451,087 4,385 17,257 Committed Unassigned Total fund balances Total liabilities, deferred inflows of resources, and fund balances $ 104,605 $ 94 474,344 $ 635,757 $ 4,385 $ 275,228 SPECIAL REVENUE FUNDS Environmental Services Expedited Environmental Health Child Support $ 1,100 $ 9,808,221 Flood Control $ 446,988 9,163 440 $ Human Inmate Services Grants Health Services 200 $ Justice Court Inmate Services $ Judicial Enhancement $ Judicial Enhancement $ 34,233,443 647,531 8,049,138 3,214,340 1,223,479 929,348 599 6,925 2,868 1,078 36,018 652,459 $ 8,708,522 $ 3,217,208 $ 1,224,557 $ $ 20,208 $ 23,598 58,474 5,880,541 338,972 755 $ $ 9,818,484 $ 446,988 $ 35,561,432 $ 5,880,741 $ 684,148 92,601 $ 60,502 $ 1,042,835 $ 1,889,412 $ 45,823 289,758 289,267 120,617 750 279 291,279 41 415,972 10,974 5,865 3,751,025 23,031 383,921 60,502 1,332,593 5,953,485 389,389 3,905 182,573 393,294 182,573 45,823 536,868 31,182 29,463 638,325 8,171,654 3,186,026 1,195,094 638,325 8,171,654 3,186,026 1,195,094 684,148 $ 8,708,522 338,972 386,486 33,496,573 386,486 33,835,545 (255,317) 446,988 $ 35,561,432 $ 5,880,741 9,434,563 (255,317) 9,434,563 $ 9,818,484 $ $ $ 3,217,208 $ 1,224,557 (continued on next page) 95 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2014 SPECIAL REVENUE FUNDS Justice Justice Courts Courts Juvenile Juvenile Probation Juvenile Photo Enforcement Special Revenue Probation Diversion Probation Grants Special Fees Juvenile Restitution ASSETS Cash in bank and on hand $ $ $ $ $ $ Cash and investments held by County Treasurer 7,195 Receivables 801,589 703,248 587 630 433,559 1,363,712 53,440 1,255 Due from other governmental units 193,100 Inventories Miscellaneous Cash and investments held by trustee – restricted Total assets $ 7,195 $ 802,176 $ $ 132,393 $ 703,878 $ 626,659 $ 13,381 $ 1,364,967 $ 53,440 $ $ 2,199 LIABILITIES Accounts payable $ Employee compensation payable 7,164 67,792 Accrued liabilities Due to other funds Interest payable Special assessment debt with governmental commitment Unearned revenue 100,022 Deposits held for other parties 132,393 Total liabilities 7,164 181,195 2,199 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax 32,552 Unavailable revenue – intergovernmental 32,552 Total deferred inflows of resources FUND BALANCES Nonspendable Restricted 7,195 669,783 696,714 412,912 1,364,967 51,241 7,195 669,783 696,714 412,912 1,364,967 51,241 626,659 $ 1,364,967 Committed Unassigned Total fund balances Total liabilities, deferred inflows of resources, and fund balances $ 7,195 $ 802,176 96 $ 703,878 $ $ 53,440 SPECIAL REVENUE FUNDS Lake $ Pleasant Law Legal Recreation Services Library Fees Defender Fill the Gap 910 $ $ 1,597,992 2,422,126 1,383 2,151 Library District $ 2,400 6,200 Library Medical Non- Officer District Grants Examiner Grants Departmental Grants Safety Equipment $ 5,526,763 $ $ 66,735 $ 104,516 155,139 347,945 7,055 $ 1,600,285 $ 2,424,277 $ $ $ $ 185,128 42,114 2,400 19,134 $ 5,880,908 $ 66,735 $ $ 1,266,702 $ 3,714 $ 7,055 $ 104,516 $ 193,754 $ 155,139 $ 681 8 7,055 63,021 204,262 42,122 1,460,456 66,034 66,735 7,055 66,715 194,100 194,100 1,396,023 2,382,155 2,400 4,226,352 37,801 155,139 1,396,023 2,382,155 2,400 4,226,352 37,801 155,139 $ 1,600,285 $ 2,424,277 2,400 $ 5,880,908 $ $ 66,735 $ 7,055 $ 104,516 $ 155,139 (continued on next page) 97 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2014 SPECIAL REVENUE FUNDS Parks and Palo Verde Recreation Grants Parks Donations Parks Enhancement Parks Souvenir ASSETS Cash in bank and on hand $ $ $ $ 200 $ Cash and investments held by County Treasurer 630,226 Receivables 7,123 587 690,637 3,566,278 639 3,137 28,738 Due from other governmental units Inventories Miscellaneous Cash and investments held by trustee – restricted Total assets $ 630,813 $ $ 3,152 $ 7,123 $ 691,276 $ 3,569,615 $ 28,738 $ 103 $ 87,039 $ 1,913 LIABILITIES Accounts payable Employee compensation payable 5,624 67,095 929 154,134 2,842 Accrued liabilities Due to other funds Interest payable Special assessment debt with governmental commitment Unearned revenue 7,123 Deposits held for other parties 8,776 Total liabilities 7,123 103 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax Unavailable revenue – intergovernmental Total deferred inflows of resources FUND BALANCES Nonspendable Restricted 622,037 691,173 3,415,481 25,896 622,037 691,173 3,415,481 25,896 Committed Unassigned Total fund balances Total liabilities, deferred inflows of resources, and fund balances $ 630,813 $ 7,123 98 $ 691,276 $ 3,569,615 $ 28,738 SPECIAL REVENUE FUNDS Parks Planning Spur Cross and Ranch Conservation Development Fees $ $ 285,021 500 Probate Fees $ 3,744,900 Public Public Public Defender Fill the Gap Defender Grants Defender Training $ 304,797 $ 89,987 $ 12,586 Public Health Fees $ 374,674 5,200 6,167,801 2,972 5,523 62,944 76,070 $ 285,021 $ $ $ 1,139 3,824,442 $ 19,942 $ 304,797 $ 89,987 $ 12,586 $ 374,674 $ 6,241,468 $ 22,881 $ 8,030 $ 3,181 $ 356,946 147,254 18,503 5,010 3,903 55,803 7,084 412,749 367,590 5,765,775 367,590 5,828,719 1,500 296,059 87,018 1,139 4,556 551,773 41,384 17,596 62,944 283,882 304,797 48,603 304,797 48,603 3,272,669 (5,010) 283,882 $ 285,021 3,272,669 $ 3,824,442 $ 304,797 $ 89,987 (5,010) $ 12,586 $ 374,674 $ 6,241,468 (continued on next page) 99 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2014 SPECIAL REVENUE FUNDS School Recorder’s Surcharge Public Health Grants Communication Expense School Grants School Transportation Sheriff Donations ASSETS Cash in bank and on hand $ $ $ $ $ $ Cash and investments held by County Treasurer 3,634,786 Receivables 276,866 94,065 155,410 3,242 Due from other governmental units 9,938,676 Inventories 1,741,346 728,714 Miscellaneous Cash and investments held by trustee – restricted Total assets $ 10,667,390 $ 3,638,028 $ 276,866 $ 1,653,208 $ 83,866 $ 12,725 $ 1,741,346 $ $ $ 94,065 $ 155,410 LIABILITIES Accounts payable Employee compensation payable 474,996 Accrued liabilities 48,331 10,943 490,134 $ 154,751 16 Due to other funds 4,540,535 117,315 747,340 1,133,901 Interest payable Special assessment debt with governmental commitment Unearned revenue Deposits held for other parties 7,416,095 Total liabilities 132,197 23,668 1,896,101 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax Unavailable revenue – intergovernmental Total deferred inflows of resources 2,465,342 147,726 2,465,342 147,726 FUND BALANCES Nonspendable 728,714 Restricted 57,239 3,505,831 253,198 785,953 3,505,831 253,198 (302,481) 276,866 $ 1,741,346 94,065 155,410 94,065 155,410 Committed (302,481) Unassigned Total fund balances Total liabilities, deferred inflows of resources, and fund balances $ 10,667,390 $ 3,638,028 100 $ $ 94,065 $ 155,410 SPECIAL REVENUE FUNDS Spousal Sheriff Sheriff Grants $ 66,920 Jail Enhancement $ 940,275 Sheriff RICO $ Sheriff Towing and Impound $ 3,023,827 Small Maintenance Street School Service Enforcement Enhancement Lighting District $ 141,858 $ 161,525 $ 147,384 4,367,744 989,907 213,655 $ 1,997,102 $ 3,023,827 $ 213,655 $ $ 1,008,212 $ 322,370 $ 31,711 $ 141,858 $ 161,525 $ 653 $ 1,605 $ 52,559 3,561 147,384 $ 4,367,744 $ 1,060 1,756 1,713 3,361 140,145 158,164 147,384 4,367,744 140,145 158,164 147,384 4,367,744 59 185,935 985,331 2,049,663 322,429 217,646 712,076 712,076 2,701,398 (764,637) (3,991) (764,637) $ 1,997,102 2,701,398 $ 3,023,827 (3,991) $ 213,655 $ 141,858 $ 161,525 $ 147,384 $ 4,367,744 (continued on next page) 101 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2014 SPECIAL REVENUE FUNDS Superior Superior Superior Court Court Fill the Gap Court Grants Special Revenue Taxpayer Information Transportation Grants Transportation Operations ASSETS Cash in bank and on hand $ $ $ $ $ $ 550 Cash and investments held by County Treasurer 1,124,776 Receivables 335,977 25,285,605 784 Due from other governmental units 63,536 94,360 59,374 Inventories 16,815,499 1,044,016 Miscellaneous Cash and investments held by trustee – restricted Total assets $ $ 94,360 $ 1,125,560 $ $ 24,673 $ $ 335,977 $ 59,374 $ 43,209,206 $ 20,552 $ 6,478,635 LIABILITIES Accounts payable $ Employee compensation payable 42,715 204,073 28,284 1,097 Accrued liabilities 553,071 3,411,006 Due to other funds 6,061 1,992 38,822 Interest payable Special assessment debt with governmental commitment Unearned revenue 67,699 Deposits held for other parties 48,776 Total liabilities 122,648 204,073 60,471 10,442,712 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax Unavailable revenue – intergovernmental Total deferred inflows of resources 2,673 8,864 2,673 8,864 FUND BALANCES Nonspendable 1,044,016 Restricted 921,487 335,977 335,977 31,722,478 Committed Unassigned Total fund balances Total liabilities, deferred inflows of resources, and fund balances $ (48,776) (30,961) (48,776) (30,961) 921,487 94,360 $ 1,125,560 $ 102 (9,961) $ 335,977 $ (9,961) 32,766,494 59,374 $ 43,209,206 SPECIAL REVENUE FUNDS Victim Victim Compensation Interest Compensation Restitution $ $ Victim Location $ 791,991 1,367,836 731 1,265 Waste Management $ 93,755 Waste Tire $ 553,956 Total 150 $ 1,188,990 835,566 174,784,269 1,084 1,449,732 1,142,393 40,341,450 2,216,556 1,147,916 755 $ 792,722 $ $ 1,369,101 $ $ 93,755 $ $ 553,956 $ $ 2,332,617 $ 220,776,244 $ 414,250 $ 18,814,149 1,488 3,755,739 3,417,326 9,694,397 6,981,756 1,174,734 415,738 43,838,101 583,489 4,290,570 4,874,059 2,216,556 792,722 1,369,101 93,755 553,956 1,916,879 159,526,149 12,707,232 (2,385,853) 792,722 $ 792,722 1,369,101 $ 1,369,101 93,755 $ 93,755 553,956 $ 553,956 1,916,879 $ 2,332,617 172,064,084 $ 220,776,244 (continued on next page) 103 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2014 DEBT SERVICE FUNDS Special Assessment CAPITAL PROJECTS FUNDS Stadium Detention Flood District Technology Control Capital Improvement Capital Projects Debt Service Total ASSETS Cash in bank and on hand $ $ $ $ $ Cash and investments held by County Treasurer 25,423 Receivables 1,006 26,429 33,788 44,454,730 11,806,710 33,788 Due from other governmental units 864,872 864,872 3,535,430 3,535,430 793,785 Inventories Miscellaneous Cash and investments held by trustee – restricted Total assets $ 59,211 $ 4,401,308 $ 4,460,519 $ 44,454,730 $ 12,600,495 $ 620,434 $ 4,002,832 LIABILITIES Accounts payable $ $ $ Employee compensation payable 35,810 Accrued liabilities Due to other funds Interest payable 1,890 1,890 4,339 4,339 6,229 6,229 Special assessment debt with governmental commitment Unearned revenue Deposits held for other parties Total liabilities 362,865 1,053,948 983,299 5,092,590 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax Unavailable revenue – intergovernmental Total deferred inflows of resources 23,418 23,418 23,418 23,418 FUND BALANCES Nonspendable Restricted 29,564 4,401,308 4,430,872 43,471,431 7,507,905 29,564 4,401,308 4,430,872 43,471,431 7,507,905 Committed Unassigned Total fund balances Total liabilities, deferred inflows of resources, and fund balances $ 59,211 $ 4,401,308 104 $ 4,460,519 $ 44,454,730 $ 12,600,495 CAPITAL PROJECTS FUND Inter- Library Long Governmental District Term Special Transportation Capital Projects Capital Improvement Project Reserve Improvement Districts Capital Projects $ $ 128,250 $ 8,895,683 Total $ 5,257 $ 41,840 Nonmajor Governmental Funds Total $ 42,678,902 $ 108,011,372 8,224 11,219,082 835,566 282,822,070 8,224 1,491,744 12,012,867 53,219,189 2,216,556 1,147,916 7,234,641 $ 128,250 $ $ 8,903,907 $ 7,234,641 $ 7,239,898 $ $ 119,756 $ 41,840 $ 53,897,984 $ 8,907,142 16,896 450 10,770,826 $ 127,267,104 $ 352,503,867 $ $ 32,464,313 13,650,164 52,706 3,808,445 450 3,417,776 9,694,397 1,890 4,339 119,756 450 8,924,038 1,416,813 6,981,756 2,591,547 15,120,133 58,964,463 583,489 4,313,988 4,897,477 2,216,556 8,903,907 7,120,142 41,390 44,973,946 112,018,721 275,975,742 128,250 12,835,482 (2,385,853) 44,973,946 112,146,971 288,641,927 53,897,984 $ 127,267,104 128,250 128,250 $ 128,250 8,903,907 $ 8,903,907 7,120,142 $ 7,239,898 41,390 $ 41,840 105 $ $ 352,503,867 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds For the Fiscal Year Ended June 30, 2014 SPECIAL REVENUE FUNDS Adult Probation Fees Accommodation Schools Adult Probation Grants Air Quality Fees Air Quality Grants Animal Control Field Operations REVENUES Taxes $ $ $ $ Licenses and permits $ $ 10,536,729 Intergovernmental 4,715,690 2,433,323 Charges for services 9,241,287 Fines and forfeits 3,359,810 99,415 9,562 3,614,167 577,107 3,940,776 783,293 5,416 811 4,634 3,551 624 12,601,097 2,533,549 11,905,314 3,614,167 3,956,378 12,403,948 2,634,732 9,551,379 3,491,736 3,298,718 Special assessment Interest income 8,645 Miscellaneous 4,724,335 Total revenues EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education 5,044,463 Debt service: Principal Interest Other expenses 14,537 92,306 180,490 5,044,463 12,519,132 115,184 2,634,732 9,565,916 3,584,042 3,479,208 (320,128) 81,965 (101,183) 2,339,398 30,125 477,170 Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in (106,471) Transfers out (106,471) Total other financing sources (uses) Net change in fund balances (320,128) 81,965 (101,183) 2,339,398 30,125 370,699 2,416,751 1,619,837 (51,398) 7,998,654 (221,927) 1,179,786 (152,581) $10,338,052 $ (191,802) $ 1,550,485 Fund balances (deficit), July 1, 2013, as restated Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit), June 30, 2014 $ 2,096,623 $ 1,701,802 106 $ SPECIAL REVENUE FUNDS Animal Control License/ Shelter Animal Control Grants $ $ Cactus League Operations Ballpark Operations $ 7,374,903 $ CDBG Housing Trust $ Check Enforcement Program $ Child Support Enhancement $ 3,391,202 55 8,457,650 43,228 1,418,327 1,122,640 98,591 169,905 2,466 903,244 984 255,396 29,428 75,000 26,754 948,993 9,049,610 4,618,270 26,754 8,457,650 1,099 406 171,004 98,997 335,633 1,968,084 8,326,721 8,597,216 1,378,297 1,562,049 10,633 1,968,084 8,326,721 1,378,297 1,562,049 8,607,849 335,633 (1,019,091) 722,889 3,239,973 (1,535,295) (150,199) (164,629) 98,997 (1,033,473) (6,698,594) (1,033,473) (6,698,594) 1,661,196 (1,019,091) (310,584) (3,458,621) 125,901 (150,199) (164,629) 98,997 947,679 4,019,201 10,540,187 4,430,470 (294,294) 305,794 740,645 1,661,196 10,995 $ (71,412) $ 3,719,612 $ 7,081,566 $ 4,556,371 $ (444,493) $ 141,165 $ 839,642 (continued on next page) 107 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2014 SPECIAL REVENUE FUNDS Children’s Issues Education Clerk of Court Fill the Gap Clerk of the Court EDMS Clerk of the Court Grants Conciliation Court Fees Correctional Health Grants REVENUES Taxes $ $ $ $ $ $ Licenses and permits Intergovernmental 1,551,416 Charges for services 29,167 139,348 1,980,184 2,719,890 1,542,013 727 1,598 318 1,571 140,075 1,981,782 2,720,208 1,551,416 1,543,584 415,007 2,258,757 2,991,183 1,552,674 1,709,260 Fines and forfeits Special assessment Interest income Miscellaneous Total revenues 29,167 EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation 25,000 Culture and recreation Education Debt service: Principal Interest Other expenses 190,982 Capital outlay 415,007 Total expenditures 2,258,757 3,182,165 1,552,674 1,709,260 25,000 . Excess (deficiency) of revenues over expenditures (274,932) (276,975) (461,957) (1,258) (165,676) 4,167 (274,932) (276,975) (461,957) (1,258) (165,676) 4,167 317,058 693,359 841,895 (3,723) 547,242 (4,167) OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources (uses) Net change in fund balances Fund balances (deficit), July 1, 2013, as restated Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit), June 30, 2014 $ 42,126 $ 416,384 108 $ 379,938 $ (4,981) $ 381,566 $ SPECIAL REVENUE FUNDS County Attorney Fill the Gap $ County Attorney Grants $ County Attorney RICO $ Court Document Retrieval $ Criminal Justice Enhancement $ 5,411,119 Del Webb Special Revenue Diversion $ $ 1,443,648 1,553,647 1,170,575 1,802,631 1,976 4,521 1,555,623 5,415,640 2,001,704 1,581,774 155 2,166 275 1,071 1,802,631 1,170,730 1,445,814 275 1,582,845 5,413,914 1,904,544 1,562,085 1,551,932 2,445,490 2,001,704 5,413,914 2,342,755 1,562,085 1,551,932 2,445,490 (446,081) 1,726 (540,124) (391,355) (106,118) 275 (862,645) (446,081) 1,726 (540,124) (391,355) (106,118) 275 (862,645) 554,717 (101,176) 3,970,730 703,695 412,744 515,350 2,645,198 438,211 $ 108,636 $ (99,450) $ 3,430,606 $ 312,340 $ 306,626 $ 515,625 $ 1,782,553 (continued on next page) 109 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2014 SPECIAL REVENUE FUNDS Domestic Relations Mediation Education Educational Supplemental Program Elections Grants Emancipation Administrative Costs Emergency Management $ $ Environmental Services Environmental Health REVENUES Taxes $ $ $ $ Licenses and permits 15,618,724 Intergovernmental 355,436 Charges for services 1,818,854 590,324 199,739 592 202,434 3,974,437 Fines and forfeits 248,820 Special assessment Interest income 361 359 5,174 20 5,171 27,498 200,100 355,795 1,824,028 612 792,758 700 732,216 Miscellaneous Total revenues 19,874,650 EXPENDITURES Current: General government 1,824,028 Public safety Highways and streets Health, welfare and sanitation 190,682 18,495,970 Culture and recreation Education 875,876 Debt service: Principal Interest Other expenses 251,966 Capital outlay Total expenditures 190,682 875,876 9,418 (520,081) 1,824,028 700 732,216 18,747,936 (88) 60,542 1,126,714 Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in 65,500 Transfers out 65,500 Total other financing sources (uses) Net change in fund balances 9,418 (520,081) (88) 60,542 1,192,214 95,187 971,168 4,473 (43,285) 8,242,349 Fund balances (deficit), July 1, 2013, as restated Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit), June 30, 2014 $ 104,605 $ 451,087 110 $ $ 4,385 $ 17,257 $ 9,434,563 SPECIAL REVENUE FUNDS Expedited Child Support $ Flood Control Grants Flood Control $ 39,655,196 $ Human Services Grants $ Inmate Health Services $ Inmate Services Judicial Enhancement $ $ 454,212 154,287 159,133 42,697,418 670,020 1,552 117,946 944,150 671,572 355,332 10,864,552 1,478,303 1,214 4,197 5,336 1,885 356,546 10,874,085 1,480,188 100,444 10,484,143 1,012,609 6,800 41,325,791 159,133 32,601,811 159,133 42,704,218 721,400 41,050,243 420,988 169,552 45,788 41,219,795 146,232 10,484,143 1,012,609 8,302,992 1,484,423 210,314 389,942 467,579 (14,696,402) (40,642) (14,696,402) (40,642) (49,828) (6,393,410) 1,443,781 210,314 902,871 467,579 436,314 40,277,265 (1,699,098) 428,011 7,268,783 2,718,447 721,400 33,022,799 (49,828) 159,133 512,929 512,929 (48,310) $ 386,486 $ 33,835,545 $ $ (255,317) $ 638,325 $ 8,171,654 $ 3,186,026 (continued on next page) 111 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2014 SPECIAL REVENUE FUNDS Justice Court Judicial Enhancement Justice Courts Photo Enforcement Justice Courts Special Revenue Juvenile Probation Diversion Juvenile Probation Special Fees Juvenile Probation Grants REVENUES Taxes $ $ $ $ $ $ Licenses and permits Intergovernmental 4,707,818 Charges for services 1,118 Fines and forfeits 6,395,819 238,286 334,917 755,359 3,251,312 Special assessment Interest income 671 920 369 721 756,030 2,038 6,395,819 238,655 4,708,539 3,586,229 660,588 230,573 6,309,830 329,411 4,098,914 3,538,683 660,588 240,221 6,309,830 329,411 4,098,914 3,538,683 95,442 (238,183) 85,989 (90,756) 609,625 47,546 95,442 (238,183) 85,989 (90,756) 609,625 47,546 1,099,652 245,378 583,794 787,470 (196,713) 1,317,421 412,912 $ 1,364,967 Miscellaneous Total revenues EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other expenses 9,648 Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources (uses) Net change in fund balances Fund balances (deficit), July 1, 2013, as restated Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit), June 30, 2014 $ 1,195,094 $ 7,195 112 $ 669,783 $ 696,714 $ SPECIAL REVENUE FUNDS Lake Pleasant Recreation Services Juvenile Restitution $ $ Law Library Fees $ Legal Defender Fill the Gap $ Library District Grants Library District $ 14,073,218 $ 295,028 2,242,721 1,256,956 400 1,255 240 999 736 223,444 796 6,578 80 1,239 2,467,301 1,265,585 66,442 913,074 66,362 9,071 66,362 Medical Examiner Grants $ 313,425 353,148 313,425 353,148 4,411,924 729,768 438,157 19,948,095 103,148 2,551,741 23,881,106 172,122 313,425 156,881 9,071 2,723,863 913,074 66,362 24,037,987 (7,832) (256,562) 352,511 80 (4,089,892) 250,000 313,425 353,148 3,161,255 3,161,255 $ (7,832) (256,562) 352,511 80 (928,637) 59,073 1,652,585 2,029,644 2,320 5,154,989 51,241 $ 1,396,023 $ 2,382,155 $ 2,400 $ 4,226,352 $ $ (continued on next page) 113 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2014 SPECIAL REVENUE FUNDS Non Departmental Grants Officer Safety Equipment Palo Verde Parks Donations Parks Enhancement Parks Souvenir REVENUES Taxes $ $ $ $ $ $ Licenses and permits Intergovernmental 2,546,103 665,916 Charges for services 2,774,132 Fines and forfeits 66,428 30 Special assessment Interest income 1,674 520 224 243 39,552 1,523 1,654,239 176 364,955 2,547,777 66,948 666,140 39,795 4,429,924 365,131 34,604 4,313,327 253,907 541,392 34,604 4,569,655 253,907 124,748 5,191 (139,731) 111,224 Miscellaneous Total revenues EXPENDITURES Current: General government 2,509,230 Public safety 541,392 Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other expenses 256,328 Capital outlay 2,509,230 Total expenditures Excess (deficiency) of revenues 38,547 over expenditures 66,948 OTHER FINANCING SOURCES (USES) Transfers in 111,270 (111,270) Transfers out Total other financing sources (uses) Net change in fund balances 111,270 (111,270) 38,547 66,948 124,748 5,191 (28,461) (46) (746) 88,191 497,289 685,982 3,443,942 25,942 155,139 $ 622,037 Fund balances (deficit), July 1, 2013, as restated Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit), June 30, 2014 $ 37,801 $ 114 $ 691,173 $ 3,415,481 $ 25,896 SPECIAL REVENUE FUNDS Parks Spur Cross Ranch Conservation $ Planning and Development Fees $ Public Defender Fill the Gap Probate Fees $ $ Public Defender Grants $ Public Defender Training $ Public Health Fees $ 3,122,806 229,776 270,718 4,805,739 440,771 819,202 427,378 4,958,552 21,240 1,127 867 4,737 30,125 1,226 939 272,712 7,984,647 441,997 820,141 7,778,447 465,896 1,217,544 1,390 10,440 3,169 229,776 439,208 4,961,721 229,748 368,798 4,893,475 237,506 514,157 25,761 237,506 8,292,604 465,896 1,217,544 229,748 368,798 4,919,236 35,206 (307,957) (23,899) (397,403) 28 70,410 42,485 29,980 29,980 35,206 (307,957) (23,899) (397,403) 248,676 3,580,626 328,696 446,006 28 (5,038) 70,410 72,465 297,180 5,773,029 (16,775) $ 283,882 $ 3,272,669 $ 304,797 $ 48,603 $ (5,010) $ 367,590 $ 5,828,719 (continued on next page) 115 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2014 SPECIAL REVENUE FUNDS Public Health Grants School Communication Expense Recorder’s Surcharge School Grants School Transportation REVENUES Taxes $ $ $ $ $ Licenses and permits Intergovernmental 50,089,293 Charges for services 171,847 3,607,920 15,846,195 411,916 449,047 15,846,195 411,916 525,674 16,016,048 473,436 449,047 Fines and forfeits Special assessment Interest income 4,102 44,173 Miscellaneous 50,305,313 Total revenues 3,612,022 EXPENDITURES Current: General government 3,328,973 Public safety Highways and streets Health, welfare and sanitation 45,815,743 Culture and recreation Education Debt service: Principal Interest Other expenses Capital outlay Total expenditures 21,422 1,361,738 45,837,165 4,690,711 525,674 16,016,048 473,436 4,468,148 (1,078,689) (76,627) (169,853) (61,520) 4,467,398 (1,078,689) (76,627) (169,853) (61,520) (3,635,105) 4,584,520 329,825 (132,628) 155,585 Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in (750) Transfers out (750) Total other financing sources (uses) Net change in fund balances Fund balances (deficit), July 1, 2013, as restated Change in nonspendable resources: (46,340) Increase (decrease) in inventories Fund balances (deficit), June 30, 2014 $ 785,953 $ 3,505,831 116 $ 253,198 $ (302,481) $ 94,065 SPECIAL REVENUE FUNDS Sheriff Donations $ Sheriff Jail Enhancement Sheriff Grants $ $ 4,699,614 Sheriff Towing and Impound Sheriff RICO $ $ Spousal Maintenance Enforcement Enhancement Small School Service $ 1,583,800 $ 109,657 109,360 12,583 2,666,364 1,556,848 576 15,661 286 8,207 28,820 7,366,264 1,592,007 7,123,936 692,055 229 220,800 825 556 1,556,848 221,029 110,482 109,916 1,502,777 80,884 105,001 102,596 $ 556,655 33,458 50,451 7,680,591 725,513 1,553,228 80,884 126,181 105,001 28,820 (314,327) 866,494 3,620 140,145 (15,699) 4,915 28,820 (314,327) 866,494 3,620 140,145 (15,699) 4,915 126,590 (450,310) 1,834,904 (7,611) 173,863 142,469 155,410 $ (764,637) $ 2,701,398 $ (3,991) 23,585 $ 140,145 $ 158,164 $ 147,384 (continued on next page) 117 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2014 SPECIAL REVENUE FUNDS Street Lighting District Superior Court Fill the Gap Superior Court Special Revenue Superior Court Grants Taxpayer Information Transportation Grants REVENUES Taxes $ $ $ $ $ $ Licenses and permits Intergovernmental 1,572,469 Charges for services 1,565,673 465,079 1,054,262 4,966,404 192,829 Fines and forfeits Special assessment Interest income 6,070,638 16,517 363 27,582 Miscellaneous Total revenues 6,087,155 1,565,673 2,626,731 4,994,349 4,788,316 2,078,971 2,573,124 5,744,135 66,590 192,829 531,669 EXPENDITURES Current: General government Public safety 358,268 Highways and streets 285,909 Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other expenses 210,719 Capital outlay Total expenditures 4,788,316 2,078,971 2,573,124 5,744,135 358,268 496,628 1,298,839 (513,298) 53,607 (749,786) (165,439) 35,041 1,298,839 (513,298) 53,607 (749,786) (165,439) 35,041 3,068,905 464,522 (84,568) 1,671,273 501,416 (45,002) Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources (uses) Net change in fund balances Fund balances (deficit), July 1, 2013, as restated Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit), June 30, 2014 $ 4,367,744 $ (48,776) 118 $ (30,961) $ 921,487 $ 335,977 $ (9,961) SPECIAL REVENUE FUNDS Victim Compensation Interest Transportation Operations $ $ Victim Compensation Restitution $ Victim Location $ Waste Management $ Waste Tire Total $ $ 1,041,242 53,728,414 41,549,380 99,063,041 13,614 4,814,541 261,625,884 307,873 84,848,483 188,853 17,202,089 6,070,638 40,041 1,322,439 5,913 1,234 2,239 2,132 72,992 1,670 334,479 6,760,568 101,480,377 5,913 190,087 2,239 75,124 5,124,084 472,119,935 3,903 266,845 5,884 46,000 8,020,499 136,145,229 51,349,717 51,635,626 4,751,610 151,177,977 34,525,962 23,038,093 4,220,346 9,793,908 55,570,063 3,903 266,845 5,884 46,000 4,751,610 414,337,294 45,910,314 2,010 (76,758) (3,645) 29,124 372,474 57,782,641 32,943 (48,134,797) 5,575,073 (70,822,399) (48,101,854) (65,247,326) (2,191,540) 2,010 (76,758) (3,645) 29,124 372,474 (7,464,685) 35,021,176 790,712 1,445,859 97,400 524,832 1,544,405 179,692,341 (63,142) $ 32,766,494 (163,572) $ 792,722 $ 1,369,101 $ 93,755 $ 553,956 $ 1,916,879 $ 172,064,084 (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, 2014 DEBT SERVICE FUNDS Stadium District Debt Service Special Assessment CAPITAL PROJECTS FUNDS Detention Technology Capital Improvement Total Flood Control Capital Projects REVENUES Taxes $ $ 5,394,706 $ 5,394,706 $ $ Licenses and permits Intergovernmental 4,278,135 Charges for services 94 94 Fines and forfeits Special assessment Interest income 507 507 94 5,395,213 5,395,307 Principal 15,214 8,886,857 8,902,071 Interest 4,369 511,632 516,001 1,250 1,250 22,875,169 38,460,706 19,583 9,399,739 9,419,322 22,875,169 38,460,706 (19,489) (4,004,526) (4,024,015) (22,875,169) (34,182,571) 5,706,857 (1,661,196) 5,706,857 (1,694,139) 25,000,001 14,696,402 (32,943) (32,943) 4,045,661 4,012,718 25,000,001 14,696,402 (52,432) 41,135 (11,297) 2,124,832 (19,486,169) 81,996 4,360,173 4,442,169 41,346,599 26,994,074 Miscellaneous Total revenues 4,278,135 EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Other expenses Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources (uses) Net change in fund balances Fund balances (deficit), July 1, 2013, as restated Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit), June 30, 2014 $ 29,564 $ 4,401,308 120 $ 4,430,872 $ 43,471,431 $ 7,507,905 CAPITAL PROJECTS FUNDS Intergovernmental Capital Projects $ Library District Capital Improvement $ Long Term Project Reserve $ Special Improvement Districts $ Transportation Capital Projects $ Total Nonmajor Governmental Funds Total $ $ 59,123,120 41,549,380 20,642,421 24,920,556 286,546,440 5,051,219 5,051,219 89,899,796 17,202,089 6,070,638 539 21,059 539 21,059 131 794,821 180 794,952 180 358,442 21,909 1,153,263 356,895 7,913,831 26,052,082 31,146,947 508,662,189 8,020,499 136,145,229 51,635,626 151,177,977 34,525,962 23,038,093 8,902,071 516,001 3,500,524 61,816,758 126,653,157 1,250 136,447,065 3,500,524 61,816,758 126,653,157 550,409,773 (35,764,676) (95,506,210) (41,747,584) 991,737 48,134,797 88,822,937 (3,161,255) 100,104,867 (75,677,793) (3,161,255) 991,737 48,134,797 85,661,682 24,427,074 539 (3,140,196) (1,713,835) 180 12,370,121 (9,844,528) (17,320,510) 127,711 12,044,103 8,833,977 41,210 32,603,825 121,991,499 306,126,009 539 21,059 (2,705,572) 180 (3,161,255) (163,572) $ 128,250 $ 8,903,907 $ 7,120,142 $ 41,390 121 $ 44,973,946 $ 112,146,971 $ 288,641,927 122 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Adult Probation Fees Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Fines and forfeits Interest income Total revenues 9,389,929 $ 9,389,929 $ 9,241,287 $ (148,642) 3,448,265 3,448,265 3,359,810 (88,455) 4,400 12,842,594 4,400 12,842,594 12,601,097 (4,400) (241,497) 13,477,133 13,477,133 12,403,948 1,073,185 300,000 13,777,133 300,000 13,777,133 115,184 12,519,132 184,816 1,258,001 (934,539) (934,539) 81,965 1,016,504 1,016,504 EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 (934,539) (934,539) 81,965 1,466,166 1,466,166 1,619,837 $ 531,627 123 $ 531,627 $ 1,701,802 153,671 $ 1,170,175 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Adult Probation Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services 2,934,259 $ 150,000 3,006,771 $ $ (573,448) 99,415 (50,585) 3,084,259 3,156,771 811 2,533,549 811 (623,222) 3,084,259 3,084,259 3,156,771 3,156,771 2,634,732 2,634,732 522,039 522,039 (101,183) (101,183) (101,183) (101,183) Interest income Total revenues 2,433,323 150,000 EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund deficit, July 1, 2013 Fund deficit, June 30, 2014 (365,005) $ (365,005) 124 (365,005) $ (365,005) (51,398) $ (152,581) 313,607 $ 212,424 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Air Quality Fees Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ 9,760,589 $ 9,768,335 $ 10,536,729 $ 768,394 Charges for services 410,858 410,858 577,107 166,249 Fines and forfeits 662,600 662,600 783,293 120,693 32,040 32,040 4,634 (27,406) 2,004 10,868,091 2,004 10,875,837 3,551 11,905,314 1,547 1,029,477 12,065,266 12,386,283 9,551,379 2,834,904 Total expenditures 85,000 12,150,266 85,000 12,471,283 14,537 9,565,916 70,463 2,905,367 Excess (deficiency) of revenues over expenditures (1,282,175) (1,595,446) 2,339,398 3,934,844 Net change in fund balances (1,282,175) (1,595,446) 2,339,398 3,934,844 6,634,419 5,352,244 6,634,419 5,038,973 7,998,654 10,338,052 Interest income Miscellaneous Total revenues EXPENDITURES Current: Health, welfare and sanitation Capital outlay Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 125 $ $ $ 1,364,235 5,299,079 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Air Quality Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 3,925,303 3,925,303 $ 3,925,303 3,925,303 $ 3,614,167 3,614,167 $ (311,136) (311,136) EXPENDITURES Current: Health, welfare and sanitation 3,924,954 3,924,954 3,491,736 433,218 3,924,954 3,924,954 92,306 3,584,042 (92,306) 340,912 349 349 30,125 29,776 Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance (deficit), July 1, 2013 Fund balance (deficit), June 30, 2014 $ 349 349 30,125 29,776 305,014 305,014 (221,927) (526,941) 305,363 126 $ 305,363 $ (191,802) $ (497,165) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Animal Control Field Operations Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ Charges for services 16,868 $ 3,422,570 Fines and forfeits Interest income Total revenues 16,868 $ 9,562 3,422,570 3,940,776 $ (7,306) 518,206 3,646 3,646 5,416 1,770 10,230 3,453,314 10,230 3,453,314 624 3,956,378 (9,606) 503,064 3,254,313 3,333,746 3,298,718 35,028 243,143 3,497,456 243,143 3,576,889 180,490 3,479,208 62,653 97,681 (44,142) (123,575) 477,170 600,745 (106,471) (106,471) (106,471) (106,471) (106,471) (106,471) EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ (150,613) (230,046) 370,699 600,745 1,671,417 1,671,417 1,179,786 (491,631) 1,520,804 127 $ 1,441,371 $ 1,550,485 $ 109,114 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Animal Control Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 711,534 Charges for Services $ 54,840 Interest Income Miscellaneous Total revenues $ 54,840 55 $ 43,228 55 (11,612) 3,197 3,197 2,466 (731) 600,000 1,369,571 1,467,491 1,525,528 903,244 948,993 (564,247) (576,535) 1,663,711 1,663,711 1,969,668 1,969,668 1,968,084 1,968,084 1,584 1,584 (294,140) (444,140) (1,019,091) (574,951) (294,140) (444,140) (1,019,091) (574,951) 1,032,009 1,032,009 947,679 EXPENDITURES Current: Health, welfare and sanitation Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balance, July 1, 2013 Fund balance (deficit), June 30, 2014 $ 737,869 128 $ 587,869 $ (71,412) (84,330) $ (659,281) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Animal Control License/Shelter Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ Charges for services 6,993,088 $ 6,993,088 $ 7,374,903 $ 1,733,442 35,934 35,934 984 (34,950) 20,568 8,783,032 20,568 8,783,032 255,396 9,049,610 234,828 266,578 Total expenditures 7,749,558 7,749,558 8,534,415 8,534,415 8,326,721 8,326,721 207,694 207,694 Excess of revenues over expenditures 1,033,474 248,617 722,889 474,272 (1,033,474) (1,033,474) (1,033,474) (1,033,474) (1,033,473) (1,033,473) 1 1 (784,857) (310,584) 474,273 4,295,537 4,295,537 4,019,201 (276,336) Interest income Miscellaneous Total revenues 1,418,327 381,815 1,733,442 (315,115) EXPENDITURES Current: Health, welfare and sanitation OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance, July 1, 2013 Change in nonspendable resources: Increase in inventories Fund balance, June 30, 2014 10,995 $ 4,295,537 129 $ 3,510,680 $ 3,719,612 10,995 $ 208,932 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Ballpark Operations Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ Charges for services 3,384,928 $ 3,384,928 $ 3,391,202 $ 6,274 1,144,722 1,202,679 1,122,640 (80,039) 43,216 43,216 29,428 (13,788) 4,572,866 4,630,823 75,000 4,618,270 75,000 (12,553) Total expenditures 1,653,028 1,653,028 1,710,985 1,710,985 1,378,297 1,378,297 332,688 332,688 Excess of revenues over expenditures 2,919,838 2,919,838 3,239,973 320,135 (2,295,339) (8,002,195) (6,698,594) 1,303,601 (2,295,339) (8,002,195) (6,698,594) 1,303,601 1,623,736 Interest income Miscellaneous Total revenues EXPENDITURES Current: Culture and recreation OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 624,499 (5,082,357) (3,458,621) 10,285,906 10,910,405 10,285,906 5,203,549 10,540,187 7,081,566 130 $ $ $ 254,281 1,878,017 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Cactus League Operations Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ 14,000 14,000 Total revenues $ 14,000 14,000 $ 26,754 26,754 $ 12,754 12,754 EXPENDITURES Current: Culture and recreation Total expenditures Deficiency of revenues under expenditures 1,272,788 1,272,788 1,639,064 1,639,064 1,562,049 1,562,049 77,015 77,015 (1,258,788) (1,625,064) (1,535,295) 89,769 1,294,920 1,294,920 1,661,196 1,661,196 1,661,196 1,661,196 OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 36,132 36,132 125,901 4,386,880 4,386,880 4,430,470 4,423,012 131 $ 4,423,012 $ 4,556,371 89,769 43,590 $ 133,359 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual CDBG Housing Trust Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 19,897,891 19,897,891 $ 19,897,891 19,897,891 $ 8,457,650 8,457,650 $ (11,440,241) (11,440,241) 19,897,891 8,597,216 11,300,675 19,897,891 10,633 8,607,849 (10,633) 11,290,042 (150,199) (150,199) (150,199) (150,199) EXPENDITURES Current: Health, welfare and sanitation 19,897,891 Capital outlay 19,897,891 Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund deficit, July 1, 2013 Fund deficit, June 30, 2014 (232,399) $ (232,399) 132 (232,399) $ (232,399) (294,294) $ (444,493) (61,895) $ (212,094) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Check Enforcement Program Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ 344,500 Interest income $ 344,500 $ 169,905 $ (174,595) 1,500 346,000 1,500 346,000 1,099 171,004 (401) (174,996) Total expenditures 359,900 359,900 379,760 379,760 335,633 335,633 44,127 44,127 Deficiency of revenues under expenditures (13,900) (33,760) (164,629) (130,869) (13,900) (33,760) (164,629) (130,869) 275,630 275,630 305,794 Total revenues EXPENDITURES Current: Public safety Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 261,730 133 $ 241,870 $ 141,165 30,164 $ (100,705) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Child Support Enhancement Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 85,000 Interest income $ 85,000 $ 98,591 $ 13,591 Total revenues 3,600 88,600 3,600 88,600 406 98,997 (3,194) 10,397 Excess of revenues over expenditures 88,600 88,600 98,997 10,397 10,397 Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 88,600 88,600 98,997 738,218 738,218 740,645 826,818 134 $ 826,818 $ 839,642 2,427 $ 12,824 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Children’s Issues Education Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income 111,007 $ 111,007 $ 139,348 $ 28,341 4,000 115,007 4,000 115,007 727 140,075 415,007 415,007 415,007 415,007 415,007 415,007 Deficiency of revenues under expenditures (300,000) (300,000) (274,932) Net change in fund balances (300,000) (300,000) (274,932) 25,068 328,312 328,312 317,058 (11,254) Total revenues (3,273) 25,068 EXPENDITURES Current: Public safety Total expenditures Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 28,312 135 $ 28,312 $ 42,126 25,068 $ 13,814 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Clerk of Court Fill the Gap Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 2,104,981 $ 1,980,184 $ Interest Income 1,980,184 $ 2,104,981 1,980,184 1,598 1,981,782 2,314,029 2,314,029 2,708,839 2,708,839 2,258,757 2,258,757 450,082 450,082 Deficiency of revenues under expenditures (209,048) (728,655) (276,975) 451,680 Net change in fund balances (209,048) (728,655) (276,975) 451,680 414,190 414,190 693,359 Total revenues 1,598 1,598 EXPENDITURES Current: Public safety Total expenditures Fund balance, July 1, 2013 Fund balance (deficit), June 30, 2014 $ 205,142 136 $ (314,465) $ 416,384 279,169 $ 730,849 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Clerk of the Court EDMS Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 2,868,900 $ 2,868,900 $ Interest income 2,719,890 $ (149,010) 2,868,900 2,868,900 318 2,720,208 3,522,120 3,522,120 2,991,183 530,937 3,522,120 3,522,120 190,982 3,182,165 (190,982) 339,955 Deficiency of revenues under expenditures (653,220) (653,220) (461,957) 191,263 Net change in fund balances (653,220) (653,220) (461,957) 191,263 653,690 653,690 841,895 Total revenues 318 (148,692) EXPENDITURES Current: Public safety Capital outlay Total expenditures Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 470 137 $ 470 $ 379,938 188,205 $ 379,468 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Clerk of the Court Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 1,072,654 1,072,654 $ 1,851,614 1,851,614 $ 1,551,416 1,551,416 $ (300,198) (300,198) EXPENDITURES Current: Public safety 1,072,654 1,072,654 Total expenditures 1,851,614 1,851,614 Excess (deficiency) of revenues over expenditures Net change in fund balances Fund deficit, July 1, 2013 Fund deficit, June 30, 2014 (3,647) $ (3,647) 138 (3,647) $ (3,647) 1,552,674 1,552,674 298,940 298,940 (1,258) (1,258) (1,258) (1,258) (3,723) $ (4,981) (76) $ (1,334) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Conciliation Court Fees Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income 1,675,000 $ 1,675,000 $ 1,542,013 $ (132,987) 3,000 1,678,000 3,000 1,678,000 1,571 1,543,584 (1,429) (134,416) 1,978,000 1,978,000 1,978,000 1,978,000 1,709,260 1,709,260 268,740 268,740 Deficiency of revenues under expenditures (300,000) (300,000) (165,676) 134,324 Net change in fund balances (300,000) (300,000) (165,676) 134,324 436,774 436,774 547,242 Total revenues EXPENDITURES Current: Public safety Total expenditures Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 136,774 139 $ 136,774 $ 381,566 110,468 $ 244,792 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Correctional Health Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 50,000 50,000 Total revenues $ 50,000 50,000 $ 29,167 29,167 $ (20,833) (20,833) EXPENDITURES Current: Health, welfare and sanitation 50,000 50,000 Total expenditures 50,000 50,000 Excess of revenues over expenditures Net change in fund balances Fund balance (deficit), July 1, 2013 Fund balance, June 30, 2014 $ $ 140 $ 25,000 25,000 25,000 25,000 4,167 4,167 4,167 4,167 (4,167) (4,167) $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual County Attorney Fill the Gap Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Interest income 1,725,013 $ 1,725,013 $ 1,553,647 $ (171,366) 3,600 1,728,613 3,600 1,728,613 1,976 1,555,623 (1,624) (172,990) 1,995,341 1,995,341 2,170,409 2, 170,409 2,001,704 2,001,704 168,705 168,705 Deficiency of revenues under expenditures (266,728) (441,796) (446,081) (4,285) Net change in fund balances (266,728) (441,796) (446,081) (4,285) 566,848 566,848 554,717 (12,131) Total revenues EXPENDITURES Current: Public safety Total expenditures Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 300,120 141 $ 125,052 $ 108,636 $ (16,416) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual County Attorney Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Interest income Total revenues 6,933,464 $ 6,933,464 $ 5,411,119 $ (1,522,345) 5,000 6,938,464 5,000 6,938,464 4,521 5,415,640 (479) (1,522,824) 6,938,464 6,938,464 7,075,944 7,075,944 5,413,914 5,413,914 1,662,030 1,662,030 (137,480) 1,726 139,206 EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance (deficit), July 1, 2013 Fund balance (deficit), June 30, 2014 506,633 $ 506,633 142 $ (137,480) 1,726 139,206 506,633 (101,176) (607,809) 369,153 $ (99,450) $ (468,603) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual County Attorney RICO Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ Interest income 3,982,000 $ 3,982,000 $ 1,802,631 $ (2,179,369) 18,000 4,000,000 18,000 4,000,000 1,802,631 (18,000) (2,197,369) 5,474,334 8,110,253 1,904,544 6,205,709 2,100,000 7,574,334 (535,919) 7,574,334 438,211 2,342,755 (974,130) 5,231,579 Deficiency of revenues under expenditures (3,574,334) (3,574,334) (540,124) 3,034,210 Net change in fund balances (3,574,334) (3,574,334) (540,124) 3,034,210 4,028,012 4,028,012 3,970,730 Total revenues EXPENDITURES Current: Public safety Capital outlay Total expenditures Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 453,678 143 $ 453,678 $ 3,430,606 (57,282) $ 2,976,928 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Court Document Retrieval Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 1,316,700 $ 1,316,700 $ Interest income 1,170,575 $ (146,125) 1,316,700 1,316,700 155 1,170,730 1,838,536 1,838,536 1,838,536 1,838,536 1,562,085 1,562,085 276,451 276,451 Deficiency of revenues under expenditures (521,836) (521,836) (391,355) 130,481 Net change in fund balances (521,836) (521,836) (391,355) 130,481 537,601 537,601 703,695 Total revenues 155 (145,970) EXPENDITURES Current: Public safety Total expenditures Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 15,765 144 $ 15,765 $ 312,340 166,094 $ 296,575 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Criminal Justice Enhancement Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Interest income 1,400,000 $ 1,470,000 $ 1,443,648 $ (26,352) 5,000 1,405,000 5,000 1,475,000 2,166 1,445,814 (2,834) (29,186) 1,624,052 1,624,052 1,694,052 1,694,052 1,551,932 1,551,932 142,120 142,120 Deficiency of revenues under expenditures (219,052) (219,052) (106,118) 112,934 Net change in fund balances (219,052) (219,052) (106,118) 112,934 508,341 508,341 412,744 Total revenues EXPENDITURES Current: Public safety Total expenditures Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 289,289 145 $ 289,289 $ 306,626 (95,597) $ 17,337 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Diversion Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ 1,670,250 Interest income $ 1,670,250 $ 1,581,774 $ (88,476) 13,000 1,683,250 13,000 1,683,250 1,071 1,582,845 (11,929) (100,405) 3,620,100 3,620,100 3,620,100 3,620,100 2,445,490 2,445,490 1,174,610 1,174,610 Deficiency of revenues under expenditures (1,936,850) (1,936,850) (862,645) 1,074,205 Net change in fund balances (1,936,850) (1,936,850) (862,645) 1,074,205 2,730,110 2,730,110 2,645,198 Total revenues EXPENDITURES Current: Public safety Total expenditures Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 793,260 146 $ 793,260 $ 1,782,553 (84,912) $ 989,293 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Domestic Relations Mediation Education Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 186,682 $ 186,682 $ 199,739 4,000 190,682 4,000 190,682 361 200,100 190,682 190,682 190,682 190,682 190,682 190,682 $ 13,057 (3,639) 9,418 EXPENDITURES Current: Health, welfare and sanitation Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 90,824 $ 90,824 147 90,824 $ 90,824 9,418 9,418 9,418 9,418 95,187 $ 104,605 4,363 $ 13,781 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Educational Supplemental Program Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 353,173 $ 353,173 $ Interest income 355,436 $ 2,263 353,173 353,173 359 355,795 1,061,291 1,061,291 1,061,291 1,061,291 875,876 875,876 185,415 185,415 Deficiency of revenues under expenditures (708,118) (708,118) (520,081) 188,037 Net change in fund balances (708,118) (708,118) (520,081) 188,037 Total revenues 359 2,622 EXPENDITURES Current: Education Total expenditures Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 994,104 285,986 148 $ 994,104 285,986 $ 971,168 451,087 $ (22,936) 165,101 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Elections Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 2,181,549 $ 2,181,549 $ Interest income Total revenues 1,818,854 2,181,549 2,181,549 5,174 1,824,028 2,181,549 2,181,549 2,181,549 2,181,549 1,824,028 1,824,028 $ (362,695) 5,174 (357,521) 357,521 357,521 EXPENDITURES Current: General government Total expenditures Excess revenues over expenditures Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 4,905 $ 4,905 149 4,905 $ 4,905 (4,905) $ $ (4,905) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Emancipation Administrative Costs Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ $ $ Interest income 592 $ 20 612 Total revenues 592 20 612 EXPENDITURES Current: Public Safety 700 700 700 700 700 700 Deficiency of revenues under expenditures (700) (700) (88) 612 Net change in fund balances (700) (700) (88) 612 Total expenditures Fund balance, July 1, 2013 Fund balance, June 30, 2014 705 $ 5 150 705 $ 5 4,473 $ 4,385 3,768 $ 4,380 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Emergency Management Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services 690,046 $ 690,046 $ 590,324 $ (99,722) 205,824 895,870 205,824 895,870 202,434 792,758 (3,390) (103,112) Total expenditures 931,260 931,260 931,260 931,260 732,216 732,216 199,044 199,044 Excess (deficiency) of revenues over expenditures (35,390) (35,390) 60,542 95,932 Net change in fund balances (35,390) (35,390) 60,542 95,932 13,108 13,108 (43,285) (56,393) Total revenues EXPENDITURES Current: Public safety Fund balance (deficit), July 1, 2013 Fund balance (deficit), June 30, 2014 $ 151 (22,282) $ (22,282) $ 17,257 $ 39,539 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Environmental Services Environmental Health Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ Charges for services 16,792,123 $ 16,748,923 $ 15,618,724 $ (1,130,199) 2,939,147 2,982,347 3,974,437 992,090 120,108 120,108 248,820 128,712 20,000 20,000 5,171 (14,829) 1,800 19,873,178 1,800 19, 873,178 27,498 19,874,650 25,698 1,472 20,885,026 21,454,253 18,495,970 2,958,283 Total expenditures 2,289,576 23,174,602 2,289,576 23,743,829 251,966 18,747,936 2,037,610 4,995,893 Excess (deficiency) of revenues over expenditures (3,301,424) (3,870,651) 1,126,714 4,997,365 65,500 65,500 65,500 65,500 (3,301,424) (3,805,151) 1,192,214 4,997,365 9,443,856 9,443,856 8,242,349 (1,201,507) Fines and forfeits Interest income Miscellaneous Total revenues EXPENDITURES Current: Health, welfare and sanitation Capital outlay OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 6,142,432 152 $ 5,638,705 $ 9,434,563 $ 3,795,858 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Expedited Child Support Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income 579,300 $ 579,300 $ 670,020 $ 90,720 5,700 585,000 5,700 585,000 1,552 671,572 (4,148) 86,572 785,000 785,000 785,000 785,000 721,400 721,400 63,600 63,600 Deficiency of revenues under expenditures (200,000) (200,000) (49,828) 150,172 Net change in fund balances (200,000) (200,000) (49,828) 150,172 376,101 376,101 436,314 Total revenues EXPENDITURES Current: Health, welfare and sanitation Total expenditures Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 176,101 153 $ 176,101 $ 386,486 60,213 $ 210,385 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Flood Control Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes $ 39,364,869 $ 39,364,869 $ 39,655,196 $ 290,327 Licenses and permits 166,000 166,000 454,212 Intergovernmental 155,382 155,382 154,287 (1,095) Interest income 250,000 250,000 117,946 (132,054) 297,643 40,233,894 297,643 40,233,894 944,150 41,325,791 646,507 1,091,897 31,366,659 37,429,641 32,601,811 4,827,830 567,750 31,934,409 567,750 37,997,391 420,988 33,022,799 146,762 4,974,592 8,299,485 2,236,503 8,302,992 6,066,489 (14,696,402) (14,696,402) (14,696,402) (14,696,402) (14,696,402) (14,696,402) (6,396,917) (12,459,899) (6,393,410) 6,066,489 6,396,917 6,396,917 40,277,265 33,880,348 Miscellaneous Total revenues 288,212 EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance, July 1, 2013 Change in nonspendable resources: Decrease in inventories Fund balance (deficit), June 30, 2014 (48,310) $ $ 154 (6,062,982) $ 33,835,545 (48,310) $ 39,898,527 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Flood Control Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 75,000 75,000 Total revenues $ 159,134 159,134 $ 159,133 159,133 $ (1) (1) EXPENDITURES Current: Public safety 75,000 75,000 Total expenditures 159,134 159,134 159,133 159,133 1 1 Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ $ 155 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Human Services Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 42,048,808 $ 46,277,703 $ Miscellaneous Total revenues 42,697,418 6,800 $ (3,580,285) 6,800 42,048,808 46,277,703 42,704,218 (3,573,485) 42,042,308 196,500 46,271,203 196,500 41,050,243 169,552 5,220,960 26,948 42,238,808 46,467,703 41,219,795 5,247,908 (190,000) (190,000) 1,484,423 1,674,423 (40,642) (40,642) (40,642) (40,642) 1,443,781 (1,699,098) 1,633,781 (838,912) EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers out Total other financing uses Net change in fund balances (190,000) (860,186) Fund deficit, July 1, 2013 Fund deficit, June 30, 2014 $ (1,050,186) 156 (190,000) (860,186) $ (1,050,186) $ (255,317) $ 794,869 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Inmate Health Services Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 165,060 580 Interest income Total revenues $ 165,060 580 $ 355,332 1,214 $ 190,272 634 165,640 165,640 356,546 190,906 165,640 165,640 100,444 45,788 65,196 (45,788) 165,640 165,640 146,232 19,408 210,314 210,314 210,314 210,314 EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 412,721 $ 412,721 157 412,721 $ 412,721 428,011 $ 638,325 15,290 $ 225,604 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Inmate Services Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 11,622,000 Interest income $ 15,000 11,622,000 $ $ (757,448) 4,197 (10,803) 11,637,000 11,637,000 5,336 10,874,085 5,336 (762,915) 11,637,000 12,149,929 10,484,143 1,665,786 11,637,000 12,149,929 10,484,143 1,665,786 (512,929) 389,942 902,871 512,929 512,929 512,929 512,929 7,167,487 7,268,783 Miscellaneous Total revenues 10,864,552 15,000 EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances 902,871 Fund balance, July 1, 2013 Fund balance, June 30, 2014 7,167,487 $ 7,167,487 158 $ 7,167,487 $ 8,171,654 902,871 101,296 $ 1,004,167 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Judicial Enhancement Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 1,512,000 $ 1,512,000 $ 1,478,303 $ (33,697) 9,600 1,521,600 9,600 1,521,600 1,885 1,480,188 (7,715) (41,412) 1,128,994 1,698,639 1,012,609 686,030 50,000 1,178,994 50,000 1,748,639 1, 012,609 50,000 736,030 342,606 (227,039) 467,579 694,618 694,618 EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 342,606 (227,039) 467,579 2,432,461 2,432,461 2,718,447 2,775,067 159 $ 2,205,422 $ 3,186,026 285,986 $ 980,604 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Justice Court Judicial Enhancement Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ 786,600 Interest income $ 786,600 $ 755,359 $ (31,241) 5,400 5,400 671 (4,729) 792,000 792,000 756,030 (35,970) 1,042,000 1,042,000 660,588 381,412 1,042,000 1,042,000 660,588 381,412 Excess (deficiency) of revenues over expenditures (250,000) (250,000) 95,442 345,442 Net change in fund balances (250,000) (250,000) 95,442 345,442 547,616 547,616 1,099,652 Total revenues EXPENDITURES Current: Public safety Total expenditures Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 297,616 160 $ 297,616 $ 1,195,094 552,036 $ 897,478 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Justice Courts Photo Enforcement Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income 5,400 800 $ 5,400 800 $ 1,118 920 $ (4,282) 120 6,200 6,200 2,038 (4,162) 312,103 312,103 230,573 9,648 81,530 (9,648) 312,103 312,103 240,221 71,882 Deficiency of revenues under expenditures (305,903) (305,903) (238,183) 67,720 Net change in fund balances (305,903) (305,903) (238,183) 67,720 332,957 27,054 332,957 27,054 245,378 7,195 (87,579) (19,859) Total revenues EXPENDITURES Current: Public safety Capital outlay Total expenditures Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 161 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Justice Courts Special Revenue Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 6,587,100 $ 6,587,100 $ 6,395,819 $ (191,281) 2,400 6,589,500 2,400 6,589,500 6,395,819 (2,400) (193,681) 6,589,500 6,589,500 6,589,500 6,589,500 6,309,830 6,309,830 279,670 279,670 85,989 85,989 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 692,559 692,559 $ 162 $ 692,559 692,559 $ 85,989 85,989 583,794 669,783 (108,765) (22,776) $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Juvenile Probation Diversion Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 298,670 Interest income Total revenues $ 298,670 $ 238,286 $ (60,384) 5,524 5,524 369 (5,155) 304,194 304,194 238,655 (65,539) 304,194 330,562 329,411 1,151 304,194 330,562 329,411 1,151 (26,368) (90,756) (64,388) (26,368) (90,756) (64,388) 789,902 787,470 EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 789,902 $ 789,902 163 $ 763,534 $ 696,714 (2,432) $ (66,820) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Juvenile Probation Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Interest income Total revenues 4,416,881 $ 5,494,372 $ 4,707,818 $ (786,554) 8,000 8,000 721 (7,279) 4,424,881 5,502,372 4,708,539 (793,833) 4,424,881 5,502,372 4,098,914 1,403,458 4,424,881 5,502,372 4,098,914 1,403,458 609,625 609,625 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund deficit, July 1, 2013 Fund balance (deficit), June 30, 2014 (63,394) $ (63,394) 164 (63,394) $ (63,394) $ 609,625 609,625 (196,713) (133,319) 412,912 $ 476,306 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Juvenile Probation Special Fees Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Fines and forfeits 425,000 $ 3,400,000 Interest income Total revenues 425,000 $ 3,400,000 334,917 $ (90,083) 3,251,312 (148,688) 5,500 5,500 3,830,500 3,830,500 3,586,229 (244,271) (5,500) 3,830,500 3,830,500 3,538,683 291,817 3,830,500 3,830,500 3,538,683 291,817 47,546 47,546 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 1,399,828 $ 1,399,828 165 1,399,828 $ 1,399,828 $ 47,546 47,546 1,317,421 (82,407) 1,364,967 $ (34,861) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Juvenile Restitution Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ Miscellaneous Total revenues 865 $ 865 $ 240 $ (625) 9,135 10,000 9,135 10,000 999 1,239 (8,136) (8,761) 10,000 10,000 10,000 10,000 9,071 9,071 929 929 (7,832) (7,832) (7,832) (7,832) EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 65,541 $ 65,541 166 65,541 $ 65,541 59,073 $ 51,241 (6,468) $ (14,300) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Lake Pleasant Recreation Services Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 2,125,103 Fines and forfeits $ 400 Interest income Miscellaneous Total revenues 2,125,103 $ 400 2,242,721 $ 117,618 400 8,300 8,300 736 (7,564) 243,280 243,280 223,444 (19,836) 2,377,083 2,377,083 2,467,301 90,218 2,869,850 2,925,146 2,551,741 373,405 415,000 415,000 172,122 242,878 3,284,850 3,340,146 2,723,863 616,283 (907,767) (963,063) (256,562) 706,501 706,501 EXPENDITURES Current: Culture and recreation Capital outlay Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ (907,767) (963,063) (256,562) 1,301,658 1,301,658 1,652,585 393,891 167 $ 338,595 $ 1,396,023 350,927 $ 1,057,428 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Law Library Fees Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 1,276,250 Fines and forfeits Interest income 1,276,250 $ 1,256,956 $ (19,294) 1,750 1,255 (495) 10,500 10,500 796 (9,704) Miscellaneous Total revenues $ 1,750 7,500 7,500 6,578 (922) 1,296,000 1,296,000 1,265,585 (30,415) 1,296,000 1,296,000 913,074 382,926 1,296,000 1,296,000 913,074 382,926 352,511 352,511 352,511 352,511 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 2,035,158 $ 2,035,158 168 2,035,158 $ 2,035,158 2,029,644 $ 2,382,155 (5,514) $ 346,997 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Legal Defender Fill the Gap Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 66,362 $ 66,362 $ Interest income Total revenues 66,362 66,362 66,362 80 66,442 66,362 66,362 66,362 66,362 66,362 66,362 $ 80 80 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 2,243 $ 2,243 169 2,243 $ 2,243 80 80 80 80 2,320 $ 2,400 77 $ 157 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Library District Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes $ Intergovernmental 13,946,909 $ 13,946,909 $ 14,073,218 $ 126,309 296,957 296,957 295,028 (1,929) 3,933,758 4,332,855 4,411,924 79,069 Fines and forfeits 684,670 684,670 729,768 45,098 Interest income 72,000 290,205 72,000 341,796 438,157 (72,000) 96,361 19,224,499 19,675,187 19,948,095 272,908 25,325,017 26,487,151 23,881,106 156,881 2,606,045 (156,881) Total expenditures 25,325,017 26,487,151 24,037,987 2,449,164 Deficiency of revenues under expenditures (6,100,518) (6,811,964) (4,089,892) 2,722,072 4,404,810 (1,243,555) 4,404,810 (1,243,555) 3,161,255 (1,243,555) 1,243,555 Total other financing sources 3,161,255 3,161,255 3,161,255 Net change in fund balances (2,939,263) (3,650,709) (928,637) 2,939,263 2,939,263 5,154,989 Charges for services Miscellaneous Total revenues EXPENDITURES Current: Culture and recreation Capital outlay OTHER FINANCING SOURCES (USES) Transfer in Transfer out Fund balance, July 1, 2013 Fund balance (deficit), June 30, 2014 $ $ 170 (711,446) $ 4,226,352 2,722,072 2,215,726 $ 4,937,798 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Library District Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 200,000 $ 425,000 $ 313,425 $ (111,575) Miscellaneous Total revenues 200,000 425,000 313,425 (111,575) 200,000 425,000 313,425 111,575 200,000 425,000 313,425 111,575 EXPENDITURES Current: Culture and recreation Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ $ 171 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Medical Examiner Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 63,614 Total revenues $ 353,148 $ 353,148 63,614 353,148 353,148 63,614 103,148 250,000 103,148 250,000 63,614 353,148 353,148 $ EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ $ 172 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Non-Departmental Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 319,688 $ 2,839,258 $ Interest income 2,546,103 $ 1,674 Miscellaneous Total revenues (293,155) 1,674 21,846,828 21,933,919 (21,933,919) 22,166,516 24,773,177 2,547,777 (22,225,400) EXPENDITURES Current: General government 28,166,516 21,984,007 2,509,230 19,474,777 Total expenditures 28,166,516 21,984,007 2,509,230 19,474,777 Excess (deficiency) of revenues over expenditures (6,000,000) 2,789,170 38,547 (2,750,623) Net change in fund balances (6,000,000) 2,789,170 38,547 (2,750,623) 4,543,919 4,543,919 (746) Fund balance (deficit), July 1, 2013 Fund balance (deficit), June 30, 2014 $ (1,456,081) 173 $ 7,333,089 $ 37,801 (4,544,665) $ (7,295,288) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Officer Safety Equipment Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ 60,000 $ 60,000 $ Interest income Total revenues 66,428 $ 520 66,948 6,428 520 6,948 60,000 60,000 53,000 7,000 53,000 7,000 53,000 7,000 60,000 60,000 60,000 EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 66,263 $ 66,263 174 66,263 $ 66,263 66,948 66,948 66,948 66,948 88,191 $ 155,139 21,928 $ 88,876 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Palo Verde Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 665,916 $ 665,916 $ Interest income 665,916 $ 665,916 665,916 224 666,140 722,916 722,916 541,392 181,524 Total expenditures 722,916 722,916 541,392 181,524 Excess (deficiency) of revenues over expenditures (57,000) (57,000) 124,748 181,748 (57,000) (57,000) 124,748 181,748 333,224 333,224 497,289 Total revenues 224 224 EXPENDITURES Current: Public safety Capital outlay Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 276,224 175 $ 276,224 $ 622,037 164,065 $ 345,813 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Parks and Recreation Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ $ 7,909 $ $ (7,909) Miscellaneous Total revenues 7,909 (7,909) 7,909 7,909 7,909 7,909 EXPENDITURES Current: Culture and recreation Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 25 $ 25 176 25 $ 25 (25) $ $ (25) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Parks Donations Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ 2,690 11,215 Miscellaneous Total revenues $ 2,690 25,215 $ 243 39,552 $ (2,447) 14,337 13,905 27,905 39,795 11,890 61,905 75,905 34,604 41,301 61,905 75,905 34,604 41,301 (48,000) (48,000) 5,191 53,191 EXPENDITURES Current: Culture and recreation Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ (48,000) (48,000) 5,191 53,191 642,053 642,053 685,982 43,929 594,053 177 $ 594,053 $ 691,173 $ 97,120 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Parks Enhancement Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 2,594,730 Fines and forfeits Interest income Miscellaneous Total revenues $ 2,626,230 $ 2,774,132 $ 147,902 60 60 30 (30) 7,750 1,320,875 10,750 1,371,317 1,523 1,654,239 (9,227) 282,922 3,923,415 4,008,357 4,429,924 421,567 4,675,786 585,282 4,760,728 585,282 4,313,327 256,328 447,401 328,954 5,261,068 5,346,010 4,569,655 776,355 (1,337,653) (1,337,653) (139,731) 1,197,922 EXPENDITURES Current: Culture and recreation Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances 92,371 111,270 18,899 37,371 92,371 111,270 18,899 (28,461) 1,216,821 (1,300,282) Fund balance, July 1, 2013 Fund balance, June 30, 2014 37,371 (1,245,282) 2,856,304 $ 1,556,022 178 2,856,304 $ 1,611,022 3,443,942 $ 3,415,481 587,638 $ 1,804,459 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Parks Souvenir Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ Miscellaneous Total revenues 440 219,560 $ 440 376,644 $ 176 364,955 $ (264) (11,689) 220,000 377,084 365,131 (11,953) 182,629 284,713 253,907 30,806 182,629 284,713 253,907 30,806 37,371 92,371 111,224 18,853 (37,371) (92,371) (111,270) (18,899) (37,371) (92,371) (111,270) (18,899) (46) (46) EXPENDITURES Current: Culture and recreation Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 12,573 12,573 $ 179 $ 12,573 12,573 $ 25,942 25,896 $ 13,369 13,323 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Parks Spur Cross Ranch Conservation Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 262,560 Interest income $ 262,560 $ 270,718 $ 8,158 1,200 2,651 1,200 2,651 1,127 867 (73) (1,784) 266,411 266,411 272,712 6,301 285,960 10,000 291,287 10,000 237,506 53,781 10,000 Total expenditures 295,960 301,287 237,506 63,781 Excess (deficiency) of revenues over expenditures (29,549) (34,876) 35,206 70,082 Net change in fund balances (29,549) (34,876) 35,206 70,082 Miscellaneous Total revenues EXPENDITURES Current: Culture and recreation Capital outlay Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 210,837 181,288 180 $ 210,837 175,961 $ 248,676 283,882 $ 37,839 107,921 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Planning and Development Fees Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ 3,854,625 Charges for services $ 3,854,625 $ 3,122,806 $ (731,819) 4,025,970 4,044,237 4,805,739 761,502 Fines and forfeits 88,680 88,680 21,240 (67,440) Interest income 15,000 20,000 15,000 20,000 4,737 30,125 (10,263) 10,125 8,004,275 8,022,542 7,984,647 (37,895) 7,547,718 510,088 7,912,993 510,088 7,778,447 514,157 134,546 (4,069) 8,057,806 8,423,081 8,292,604 130,477 Deficiency of revenues under expenditures (53,531) (400,539) (307,957) 92,582 Net change in fund balances (53,531) (400,539) (307,957) 92,582 3,580,626 (669,181) 3,272,669 $ (576,559) Miscellaneous Total revenues EXPENDITURES Current: Public safety Capital outlay Total expenditures Fund balance, July 1, 2013 Fund balance, June 30, 2014 4,249,807 $ 4,196,276 181 4,249,807 $ 3,849,268 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Probate Fees Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income 460,531 4,000 $ 460,531 4,000 $ 440,771 1,226 $ (19,760) (2,774) 464,531 464,531 441,997 (22,534) 614,531 614,531 465,896 148,635 614,531 614,531 465,896 148,635 Deficiency of revenues under expenditures (150,000) (150,000) (23,899) 126,101 Net change in fund balances (150,000) (150,000) (23,899) 126,101 231,097 231,097 328,696 Total revenues EXPENDITURES Current: Public safety Total expenditures Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 81,097 182 $ 81,097 $ 304,797 97,599 $ 223,700 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Public Defender Fill the Gap Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 1,235,025 $ 1,235,025 $ Interest income 819,202 939 $ (415,823) 939 1,235,025 1,235,025 820,141 (414,884) 1,564,045 1,564,045 1,217,544 346,501 1,564,045 1,564,045 1,217,544 346,501 Deficiency of revenues under expenditures (329,020) (329,020) (397,403) (68,383) Net change in fund balances (329,020) (329,020) (397,403) (68,383) 329,020 329,020 446,006 116,986 Total revenues EXPENDITURES Current: Public safety Total expenditures Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ $ 183 $ 48,603 $ 48,603 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Public Defender Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 303,237 $ 303,237 $ 229,776 $ (73,461) 303,237 303,237 229,776 (73,461) 303,237 303,237 229,748 73,489 303,237 303,237 229,748 73,489 28 28 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances 28 Fund balance (deficit), July 1, 2013 Fund balance (deficit), June 30, 2014 43 $ 43 184 43 $ 43 28 (5,038) $ (5,010) (5,081) $ (5,053) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Public Defender Training Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 418,032 $ 418,032 $ Interest income 427,378 $ 9,346 6,900 6,900 1,390 10,440 424,932 424,932 439,208 14,276 710,158 710,158 368,798 341,360 710,158 710,158 368,798 341,360 Excess (deficiency) of revenues over expenditures (285,226) (285,226) 70,410 355,636 Net change in fund balances (285,226) (285,226) 70,410 355,636 287,842 287,842 297,180 Miscellaneous Total revenues 1,390 3,540 EXPENDITURES Current: Public safety Total expenditures Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 2,616 185 $ 2,616 $ 367,590 9,338 $ 364,974 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Public Health Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 48,464,297 Charges for services 48,926,994 $ 50,089,293 $ 1,162,299 141,470 926,500 171,847 44,173 30,377 (882,327) 49,590,797 49,994,964 50,305,313 310,349 149,577,172 13,625 49,730,589 264,375 45,815,743 21,422 3,914,846 242,953 149,590,797 49,994,964 45,837,165 4,157,799 4,468,148 4,468,148 (750) (750) (750) (750) 4,467,398 4,467,398 (3,635,105) 1,606,688 Miscellaneous Total revenues $ 200,000 926,500 EXPENDITURES Current: Health, welfare, and sanitation Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund deficit, July 1, 2013 (5,241,793) (5,241,793) Change in nonspendable resources: Decrease in inventories Fund balance (deficit), June 30, 2014 (46,340) $ (5,241,793) 186 $ (5,241,793) $ 785,953 (46,340) $ 6,027,746 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Public Health Fees Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 5,669,459 50,000 $ 5,669,459 50,000 $ 4,958,552 3,169 $ (710,907) (46,831) 5,719,459 5,719,459 4,961,721 (757,738) 6,039,812 24,000 6,039,812 24,000 4,893,475 25,761 1,146,337 (1,761) 6,063,812 6,063,812 4,919,236 1,144,576 (344,353) (344,353) 42,485 386,838 30,000 30,000 29,980 (20) 30,000 30,000 29,980 (20) EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance, July 1, 2013 (314,353) (314,353) 72,465 386,818 5,382,183 5,382,183 5,773,029 390,846 Change in nonspendable resources: Increase in inventories Fund balance, June 30, 2014 (16,775) $ 5,067,830 187 $ 5,067,830 $ 5,828,719 (16,775) $ 760,889 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Recorder’s Surcharge Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest Income 4,560,000 15,000 $ 4,560,000 15,000 $ 3,607,920 4,102 $ (952,080) (10,898) 4,575,000 4,575,000 3,612,022 (962,978) 4,882,989 875,000 5,012,497 875,000 3,328,973 1,361,738 1,683,524 (486,738) 5,757,989 5,887,497 4,690,711 1,196,786 Deficiency of revenues under expenditures (1,182,989) (1,312,497) (1,078,689) 233,808 Net change in fund balances (1,182,989) (1,312,497) (1,078,689) 233,808 3,744,018 3,744,018 4,584,520 Total revenues EXPENDITURES Current: General government Capital outlay Total expenditures Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 2,561,029 188 $ 2,431,521 $ 3,505,831 840,502 $ 1,074,310 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual School Communication Expense Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for Services $ 603,452 603,452 Total revenues $ 603,452 603,452 $ 449,047 449,047 $ (154,405) (154,405) EXPENDITURES Current: Education Total expenditures 603,452 603,452 525,674 77,778 603,452 603,452 525,674 77,778 (76,627) (76,627) Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 145,897 $ 145,897 189 145,897 $ 145,897 $ (76,627) (76,627) 329,825 183,928 253,198 $ 107,301 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual School Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 20,593,590 $ 20,593,590 $ 15,846,195 $ (4,747,395) 20,593,590 20,593,590 15,846,195 (4,747,395) 20,593,590 20,593,590 16,016,048 4,577,542 20,593,590 20,593,590 16,016,048 4,577,542 (169,853) (169,853) (169,853) (169,853) EXPENDITURES Current: Education Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance (deficit), July 1, 2013 Fund balance (deficit), June 30, 2014 778,396 $ 778,396 190 778,396 $ 778,396 (132,628) $ (302,481) (911,024) $ (1,080,877) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual School Transportation Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 600,000 600,000 Total revenues $ 600,000 600,000 $ 411,916 411,916 $ (188,084) (188,084) EXPENDITURES Current: Education Total expenditures 600,000 600,000 473,436 126,564 600,000 600,000 473,436 126,564 (61,520) (61,520) (61,520) (61,520) Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 226,373 $ 226,373 191 226,373 $ 226,373 155,585 $ 94,065 (70,788) $ (132,308) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Sheriff Donations Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ $ Interest income Miscellaneous Total revenues $ 12,583 $ 12,583 568 25,732 568 25,732 576 15,661 8 (10,071) 26,300 26,300 28,820 26,300 26,300 26,300 26,300 26,300 26,300 2,520 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 121,841 $ 121,841 192 121,841 $ 121,841 28,820 28,820 28,820 28,820 126,590 $ 155,410 4,749 $ 33,569 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Sheriff Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Fines and forfeits Interest income Total revenues 6,845,048 $ 7,573,180 $ 4,699,614 $ (2,873,566) 1,720,000 460 2,500,000 460 2,666,364 286 166,364 (174) 8,565,508 10,073,640 7,366,264 (2,707,376) 7,118,424 1,447,084 8,626,556 1,447,084 7,123,936 556,655 1,502,620 890,429 8,656,508 10,073,640 7,680,591 2,393,049 (314,327) (314,327) EXPENDITURES Current: Public safety Capital Outlay Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance (deficit), July 1, 2013 Fund balance (deficit), June 30, 2014 1,312,820 $ 1,132,820 193 1,312,820 $ 1,312,820 $ (314,327) (314,327) (450,310) (1,763,130) (764,637) $ (2,077,457) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Sheriff Jail Enhancement Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 1,482,444 $ 1,482,444 $ Interest income Total revenues 1,583,800 $ 101,356 1,482,444 1,482,444 8,207 1,592,007 8,207 109,563 1,024,920 457,524 1,024,920 457,524 692,055 33,458 332,865 424,066 1,482,444 1,482,444 725,513 756,931 866,494 866,494 EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 2,801,003 $ 2,801,003 194 2,801,003 $ 2,801,003 $ 866,494 866,494 1,834,904 (966,099) 2,701,398 $ (99,605) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Sheriff RICO Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ Total revenues 2,500,000 2,500,000 $ 2,500,000 2,500,000 $ 1,556,848 1,556,848 $ (943,152) (943,152) EXPENDITURES Current: Public safety Capital outlay Total expenditures 2,186,000 314,000 2,186,000 314,000 1,502,777 50,451 683,223 263,549 2,500,000 2,500,000 1,553,228 946,772 3,620 3,620 Excess of revenues over expenditures Net change in fund balances Fund balance (deficit), July 1, 2013 Fund balance (deficit), June 30, 2014 19,972 $ 19,972 195 19,972 $ 19,972 $ 3,620 3,620 (7,611) (27,583) (3,991) $ (23,963) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Sheriff Towing and Impound Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ 228,600 228,600 229 220,800 228,600 228,600 221,029 (7,571) 184,691 10,000 184,691 10,000 80,884 103,807 10,000 194,691 194,691 80,884 113,807 Excess of revenues over expenditures 33,909 33,909 140,145 106,236 Net change in fund balances 33,909 33,909 140,145 106,236 Miscellaneous Total revenues $ $ $ 229 (7,800) EXPENDITURES Current: Public safety Capital outlay Total expenditures Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 33,909 196 $ 33,909 $ 140,145 $ 106,236 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Small School Service Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 109,657 $ 109,657 $ Interest income Total revenues 109,657 825 $ 825 109,657 109,657 110,482 825 109,657 109,657 35,000 102,596 23,585 7,061 11,415 109,657 144,657 126,181 18,476 (35,000) (15,699) 19,301 EXPENDITURES Current: Education Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 147,566 $ 147,566 197 $ (35,000) (15,699) 19,301 147,566 173,863 26,297 112,566 $ 158,164 $ 45,598 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Spousal Maintenance Enforcement Enhancement Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 115,171 $ 115,171 $ 109,360 $ (5,811) 750 115,921 750 115,921 556 109,916 (194) (6,005) 115,921 115,921 105,001 10,920 115,921 115,921 105,001 10,920 4,915 4,915 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 144,953 144,953 198 $ 144,953 144,953 $ 4,915 4,915 142,469 147,384 (2,484) 2,431 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Superior Court Fill the Gap Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 2,100,000 $ 1,678,895 $ 1,565,673 $ (113,222) 1,600 2,101,600 1,678,895 1,565,673 (113,222) 2,101,600 2,179,803 2,078,971 100,832 2,101,600 2,179,803 2,078,971 100,832 (500,908) (513,298) (12,390) (500,908) (513,298) (12,390) 34,645 464,522 429,877 EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2013 Fund balance (deficit), June 30, 2014 34,645 $ 34,645 199 $ (466,263) $ (48,776) $ 417,487 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Superior Court Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services Interest income Total revenues 1,500,861 $ 1,598,581 $ 1,572,469 $ (26,112) 1,097,458 1,000 1,097,458 1,000 1,054,262 (43,196) (1,000) 2,599,319 2,697,039 2,626,731 (70,308) 2,599,319 2,697,039 2,573,124 123,915 2,599,319 2,697,039 2,573,124 123,915 53,607 53,607 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund deficit, July 1, 2013 Fund deficit, June 30, 2014 (42,887) $ (42,887) 200 (42,887) $ (42,887) $ 53,607 53,607 (84,568) (41,681) (30,961) $ 11,926 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Superior Court Special Revenue Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 4,886,500 Interest income $ 4,886,500 $ 4,966,404 $ 79,904 3,500 10,000 3,500 10,000 363 27,582 (3,137) 17,582 4,900,000 4,900,000 4,994,349 94,349 6,475,000 6,475,000 6,475,000 6,475,000 5,744,135 5,744,135 730,865 730,865 Deficiency of revenues under expenditures (1,575,000) (1,575,000) (749,786) 825,214 Net change in fund balances (1,575,000) (1,575,000) (749,786) 825,214 1,740,367 1,740,367 1,671,273 Miscellaneous Total revenues EXPENDITURES Current: Public safety Total expenditures Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 165,367 201 $ 165,367 $ 921,487 (69,094) $ 756,120 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Taxpayer Information Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ $ Miscellaneous Total revenues $ 192,829 $ 192,829 304,341 304,341 304,341 304,341 192,829 (304,341) (111,512) 304,341 304,341 358,268 (53,927) 304,341 304,341 358,268 (53,927) (165,439) (165,439) (165,439) (165,439) EXPENDITURES Current: General government Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 292,495 $ 292,495 202 292,495 $ 292,495 501,416 $ 335,977 208,921 $ 43,482 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Transportation Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 636,122 $ 851,591 $ Miscellaneous Total revenues 465,079 $ (386,512) 636,122 851,591 66,590 531,669 66,590 (319,922) 636,122 636,122 215,469 285,909 210,719 350,213 4,750 636,122 851,591 496,628 354,963 35,041 35,041 EXPENDITURES Current: Highways and streets Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance (deficit), July 1, 2013 Fund balance (deficit), June 30, 2014 $ $ 203 $ 35,041 35,041 (45,002) (45,002) (9,961) $ (9,961) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Transportation Operations Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ Intergovernmental 950,000 $ 93,070,296 Charges for services 950,000 $ 1,041,242 93,070,296 99,063,041 $ 91,242 5,992,745 15,250 15,250 13,614 (1,636) 500,000 432,292 500,000 432,292 40,041 1,322,439 (459,959) 890,147 94,967,838 94,967,838 101,480,377 6,512,539 53,648,756 4,587,800 54,678,018 4,556,563 51,349,717 4,220,346 3,328,301 336,217 Total expenditures 58,236,556 59,234,581 55,570,063 3,664,518 Excess of revenues over expenditures 36,731,282 35,733,257 45,910,314 10,177,057 (48,134,797) 32,943 (48,134,797) 32,943 (48,134,797) Total other financing uses (48,134,797) (48,134,797) (48,101,854) 32,943 Net change in fund balances (11,403,515) (12,401,540) (2,191,540) 10,210,000 29,175,413 29,175,413 35,021,176 5,845,763 (63,142) (63,142) Interest income Miscellaneous Total revenues EXPENDITURES Current: Highways and streets Capital outlay OTHER FINANCING SOURCES (USES) Transfers in Transfers out Fund balance, July 1, 2013 Change in nonspendable resources: Decrease in inventories Fund balance, June 30, 2014 $ 17,771,898 204 $ 16,773,873 $ 32,766,494 $ 15,992,621 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Victim Compensation Interest Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ 33,000 Interest income Total revenues $ 33,000 $ $ (33,000) 7,000 40,000 7,000 40,000 5,913 5,913 (1,087) (34,087) 40,000 110,000 3,903 106,097 40,000 110,000 3,903 106,097 (70,000) 2,010 72,010 (70,000) 2,010 72,010 789,701 790,712 EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 789,701 $ 789,701 205 $ 719,701 $ 792,722 1,011 $ 73,021 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Victim Compensation Restitution Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ Interest income Total revenues 127,000 $ 127,000 $ 188,853 $ 61,853 8,000 135,000 8,000 135,000 1,234 190,087 (6,766) 55,087 135,000 135,000 615,000 615,000 266,845 266,845 348,155 348,155 (480,000) (76,758) 403,242 (480,000) (76,758) 403,242 1,424,564 1,445,859 EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 1,424,564 $ 1,424,564 206 $ 944,564 $ 1,369,101 21,295 $ 424,537 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Victim Location Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ 2,600 2,600 Total revenues $ 2,600 2,600 $ 2,239 2,239 $ (361) (361) EXPENDITURES Current: 68,000 68,000 5,884 62,116 68,000 68,000 5,884 62,116 Deficiency of revenues under expenditures (65,400) (65,400) (3,645) 61,755 Net change in fund balances (65,400) (65,400) (3,645) 61,755 75,166 75,166 97,400 Public safety Total expenditures Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 9,766 207 $ 9,766 $ 93,755 22,234 $ 83,989 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Waste Management Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest Income $ $ Miscellaneous $ 2,132 $ 2,132 65,000 65,000 65,000 65,000 72,992 75,124 7,992 10,124 543,175 543,175 46,000 497,175 543,175 543,175 46,000 497,175 Excess (deficiency) of revenues over expenditures (478,175) (478,175) 29,124 507,299 Net change in fund balances (478,175) (478,175) 29,124 507,299 533,774 533,774 524,832 Total revenues EXPENDITURES Current: Public safety Total expenditures Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 55,599 208 $ 55,599 $ 553,956 (8,942) $ 498,357 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Waste Tire Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2014 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services Interest income Total revenues 4,597,203 $ 4,597,203 $ 4,814,541 $ 217,338 151,226 7,912 151,226 7,912 307,873 1,670 156,647 (6,242) 4,756,341 4,756,341 5,124,084 367,743 EXPENDITURES Current: Health, welfare and sanitation Total expenditures 4,748,332 4,751,611 4,751,610 1 4,748, 332 4,751, 611 4,751,610 1 8,009 4,730 372,474 367,744 367,744 Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 8,009 4,730 372,474 1,377,684 1,377,684 1, 544,405 1,385,693 209 $ 1,382,414 $ 1,916,879 166,721 $ 534,465 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual County Improvement Debt Fund – Debt Service Fund For the Fiscal Year Ended June 30, 2014 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income 2,049,965 $ 2,049,965 $ 2,081,427 $ 31,462 8,300 2,058,265 8,300 2, 058,265 74,540 2,155,967 11,840,000 4,875,180 11,840,000 4,875,180 11,840,000 4,875,180 16,715,180 16,715,180 16,715,180 (14,656,915) (14,656,915) (14,559,213) 97,702 3,082,631 3,082,631 3,082,630 (1) Total other financing sources 3,082,631 3,082,631 3,082,630 (1) Net change in fund balances (11,574,284) (11,574,284) (11,476,583) 97,701 Total revenues 66,240 97,702 EXPENDITURES Current: Principal Interest Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES Transfers in Fund balance, July 1, 2013 Fund balance, June 30, 2014 29,577,064 $ 18,002,780 210 29,577,064 $ 18,002,780 30,958,955 $ 19,482,372 1,381,891 $ 1,479,592 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Stadium District Debt Service Fund – Debt Service Fund For the Fiscal Year Ended June 30, 2014 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes $ Interest income Total revenues 4,996,942 860 $ 4,996,942 860 $ 5,394,706 $ 397,764 4,997,802 4,997,802 507 5,395,213 (353) 397,411 4,902,882 10,609,738 8,886,857 1,722,881 511,632 1,250 (511,632) (1,250) EXPENDITURES Debt service: Principal Interest Other expenses Total expenditures 4,902,882 10,609,738 9,399,739 1,209,999 94,920 (5,611,936) (4,004,526) 1,607,410 1,200,000 (1,294,920) 6,906,856 (1,661,196) 5,706,857 (1,661,196) (1,199,999) (94,920) 5,245,660 4,045,661 (1,199,999) (366,276) 41,135 407,411 Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources (uses) Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 3,800,218 $ 3,800,218 211 3,800,218 $ 3,433,942 4,360,173 $ 4,401,308 559,955 $ 967,366 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Detention Capital Projects Fund – Capital Projects Fund For the Fiscal Year Ended June 30, 2014 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) EXPENDITURES Capital outlay $ Total expenditures 20,775,000 20,775,000 $ 20,775,000 20,775,000 $ 6,576,425 6,576,425 (20,775,000) (20,775,000) (6,576,425) 7,248,089 (25,000,001) 7,248,089 (25,000,001) 7,248,089 (25,000,001) Total other financing uses (17,751,912) (17,751,912) (17,751,912) Net change in fund balances (38,526,912) 222,623,580 184,096,668 (38,526,912) 222,623,580 184,096,668 (24,328,337) 214,570,278 190,241,941 Deficiency of revenues under expenditures $ 14,198,575 14,198,575 14,198,575 OTHER FINANCING SOURCES (USES) Transfers in Transfers out Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 212 $ $ $ 14,198,575 (8,053,302) 6,145,273 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Detention Technology Capital Improvement Fund – Capital Projects Fund For the Fiscal Year Ended June 30, 2014 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) EXPENDITURES Capital outlay $ Total expenditures Deficiency of revenues under expenditures 59,061,564 $ 59,061,564 $ 22,875,169 $ 36,186,395 59,061,564 59,061,564 22,875,169 36,186,395 (59,061,564) (59,061,564) (22,875,169) 36,186,395 OTHER FINANCING SOURCES 25,000,001 25,000,001 25,000,001 Total other financing sources 25,000,001 25,000,001 25,000,001 Net change in fund balances (34,061,563) (34,061,563) 2,124,832 36,186,395 43,085,557 43,085,557 41,346,599 (1,738,958) Transfers in Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 9,023,994 213 $ 9,023,994 $ 43,471,431 $ 34,447,437 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Flood Control Capital Projects Fund – Capital Projects Fund For the Fiscal Year Ended June 30, 2014 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 7,886,000 7,886,000 $ 7,886,000 7,886,000 $ 4,278,135 4,278,135 $ (3,607,865) (3,607,865) EXPENDITURES Capital outlay Total expenditures Deficiency of revenues under expenditures 40,000,000 40,000,000 38,460,706 1,539,294 40,000,000 40,000,000 38,460,706 1,539,294 (32,114,000) (32,114,000) (34,182,571) (2,068,571) OTHER FINANCING SOURCES 14,696,402 14,696,402 14,696,402 Total other financing sources 14,696,402 14,696,402 14,696,402 Net change in fund balances (17,417,598) (17,417,598) (19,486,169) (2,068,571) 46,446,536 29,028,938 46,446,536 29,028,938 26,994,074 7,507,905 (19,452,462) (21,521,033) Transfers in Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 214 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual General Fund County Improvements Fund – Capital Projects Fund For the Fiscal Year Ended June 30, 2014 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ $ $ Total revenues 130,384 130,384 $ 130,384 130,384 EXPENDITURES Capital outlay Total expenditures Deficiency of revenues under expenditures 51,076,289 51,076,289 23,147,414 27,928,875 51,076,289 51,076,289 23,147,414 27,928,875 (51,076,289) (51,076,289) (23,017,030) 28,059,259 145,164,013 (68,281,157) 145,164,013 (75,531,121) 145,164,013 (75,531,121) 76,882,856 69,632,892 69,632,892 OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 25,806,567 18,556,603 46,615,862 254,637,411 280,443,978 254,637,411 273,194,014 253,317,323 299,933,185 215 $ $ 28,059,259 $ (1,320,088) 26,739,171 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Intergovernmental Capital Projects Fund – Capital Projects Fund For the Fiscal Year Ended June 30, 2014 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ $ $ Total revenues 539 539 $ 539 539 EXPENDITURES 127,500 127,500 127,500 127,500 127,500 127,500 Excess (deficiency) of revenues over expenditures (127,500) (127,500) Net change in fund balances (127,500) 127,627 Capital outlay Total expenditures Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 127 216 $ 539 128,039 (127,500) 539 128,039 127,627 127,711 127 $ 128,250 84 $ 128,123 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Library District Capital Improvement Fund – Capital Projects Fund For the Fiscal Year Ended June 30, 2014 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ $ $ 21,059 $ 21,059 Total revenues 21,059 21,059 Excess of revenues over expenditures 21,059 21,059 OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ (3,161,255) (3,161,255) (3,161,255) (3,161,255) (3,161,255 (3,161,255) (3,161,255) (3,161,255) (3,140,196) 21,059 12,285,661 12,285,661 12,044,103 (241,558) 9,124,406 217 $ 9,124,406 $ 8,903,907 $ (220,499) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Long Term Project Reserve Fund – Capital Projects Fund For the Fiscal Year Ended June 30, 2014 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes $ 100 Interest Income $ 100 $ $ (100) 100 100 131 31 750,000 750,200 750,000 750,200 794,821 794,952 44,821 44,752 3,503,000 3,503,000 3,500,524 2,476 3,503,000 3,503,000 3,500,524 2,476 (2,752,800) (2,752,800) (2,705,572) 47,228 1,095,339 1,095,339 991,737 (103,602) Total other financing sources 1,095,339 1,095,339 991,737 (103,602) Net change in fund balances (1,657,461) 8,843,600 (1,657,461) 8,843,600 (1,713,835) 8,833,977 (56,374) (9,623) Miscellaneous Total revenues EXPENDITURES Capital outlay Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES Transfers in Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ 7,186,139 218 $ 7,186,139 $ 7,120,142 $ (65,997) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Technology Capital Improvements Fund – Capital Projects Fund For the Fiscal Year Ended June 30, 2014 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) EXPENDITURES Capital outlay $ Total expenditures Deficiency of revenues under expenditures 162,185,773 162,185,773 $ 164,901,276 164,901,276 $ 46,960,595 46,960,595 (162,185,773) (164,901,276) (46,960,595) 77,861,471 (2,020,000) 85,111,435 (2,020,000) 85,111,435 (2,020,000) 75,841,471 83,091,435 83,091,435 $ 117,940,681 117,940,681 117,940,681 OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources Net change in fund balances Fund balance, July 1, 2013 Fund balance, June 30, 2014 $ (86,344,302) (81,809,841) 36,130,840 203,424,582 203,424,582 200,629,004 117,080,280 219 $ 121,614,741 $ 236,759,844 117,940,681 (2,795,578) $ 115,145,103 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Transportation Capital Project Fund – Capital Projects Fund For the Fiscal Year Ended June 30, 2014 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services 13,816,370 $ 4,163,593 13,816,370 $ 20,642,421 $ 6,826,051 4,163,593 5,051,219 887,626 17,979,963 17,979,963 358,442 26,052,082 358,442 8,072,119 82,089,011 82,089,011 61,816,758 20,272,253 82,089,011 82,089,011 61,816,758 20,272,253 (64,109,048) (64,109,048) (35,764,676) 28,344,372 48,134,797 48,134,797 48,134,797 Total other financing sources 48,134,797 48,134,797 48,134,797 Net change in fund balances (15,974,251) (15,974,251) 12,370,121 Miscellaneous Total revenues EXPENDITURES Capital outlay Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES Transfers in Fund balance, July 1, 2013 Fund balance, June 30, 2014 15,974,251 $ 15,974,251 $ 220 28,344,372 32,603,825 $ 44,973,946 16,629,574 $ 44,973,946 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects For the Fiscal Year Ended June 30, 2014 Budgeted Amounts Original Final Actual Amounts Variance with Final Budget GENERAL GOVERNMENT Intergovernmental Capital Projects Vulture Mountain Total Intergovernmental Capital Projects General Fund County Improvements Clerk Of Sup Court Remodel Court Tower East Court Improvements Maricopa Regional Trail System S/W Consolidated Justice Crts Security Building Sheriff HQ Project Swat Covered Parking Vulture Mountain Total General Fund County Improvements Technology Capital Improvements BIX Room Byte Info Exchange Computer Aided Mass Appraisal Contact Center System County Telephone System Enterprise Data Ctnr Ct Enterprise Res Planning System Infrastructure Refresh Ph I Infrastructure Refresh Ph II Internal Service Delivery Sys Maximo Maint Mgmt. System Project Reserve Radio System Sheriff HQ Project IT Infra Treasurer Tech System Upgrade Total Technology Capital Improvements $ $ 127,500 127,500 $ $ 127,500 127,500 $ $ $ 915,002 3,411,526 9,229,539 671,440 3,884,060 4,135,324 25,665,021 3,102,086 62,291 51,076,289 $ 915,002 3,411,526 9,229,539 671,440 3,884,060 4,135,324 25,665,021 3,102,086 62,291 51,076,289 $ 200,000 2,421,367 1,023,801 8,371,842 14,953,400 $ 200,000 2,421,367 673,801 8,371,842 14,953,400 4,965,503 5,841,773 34,765,909 350,000 800,000 37,038,353 46,177,512 7,821,816 520,000 164,901,276 $ 2,410,000 3,365,000 15,000,000 20,775,000 $ 4,018,992 820,276 2,385,000 26,837,296 25,000,000 59,061,564 $ $ $ $ 5,841,773 24,161,230 800,000 47,958,533 46,177,512 10,276,315 $ 162,185,773 $ $ 2,410,000 3,365,000 15,000,000 20,775,000 $ 4,018,992 820,276 2,385,000 26,837,296 25,000,000 59,061,564 $ $ $ $ 127,500 127,500 583,316 533,793 4,222,780 230,471 45,258 3,559,332 11,817,378 2,145,016 10,070 23,147,414 $ 331,686 2,877,733 5,006,759 440,969 3,838,802 575,992 13,847,643 957,070 52,221 27,928,875 90,329 464,141 541,243 3,258,119 43 2,898,157 4,438,957 16,012,500 $ $ 386,496 $ 14,878,328 3,737,087 255,195 46,960,595 $ 109,671 1,957,226 132,558 5,113,723 14,953,357 2,067,346 1,402,816 18,753,409 350,000 413,504 37,038,353 31,299,184 4,084,729 264,805 117,940,681 CRIMINAL JUSTICE Detention Capital Projects 4th Avenue Jail Lower Buckeye Jail Sheriff HQ Project Total Detention Capital Projects Detention Technology Capital Improvement CHS Electronic Medical Record Correctional Health Zone H Infra Jail Mgt Information System Project Reserve Sheriff Nice Vision Total Detention Technology Capital Improvement $ $ $ 221 $ $ $ $ 194,054 428,820 5,953,551 6,576,425 $ 2,890,028 225,082 815,926 $ 18,944,133 22,875,169 $ $ 2,215,946 2,936,180 9,046,449 14,198,575 1,128,964 595,194 1,569,074 26,837,296 6,055,867 36,186,395 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) For the Fiscal Year Ended June 30, 2014 Budgeted Amounts Original Actual Amounts Final Variance with Final Budget PUBLIC SAFETY Flood Control Agua Fria River Ashbrook Wash Channelization Buckeye #1 Buckeye/Sun Valley ADMP Cave Buttes Dam City Of Chandler City Of Scottsdale Durango ADMP East Maricopa Floodway Flood Control CIP Glendale/Peoria ADMP Granite Reef Wash Maint Road Paving Project Maryvale ADMP McMicken Dam Metro ADMP New River Dam Powerline FRS Project Reserves Queen Creek ADMP S Phoenix Drainage Improvement Saddleback Flood Remed Struct Salt/Gila River Skunk Creek at I-17 Small Project Assistance Spook Hill ADMP White Tanks ADMP White Tanks Dam #4 Wickenburg ADMS Total Flood Control $ $ 5,000 $ 5,000 6,430,000 715,000 650,000 5,000 3,800,000 15,000 10,000 335,000 790,000 10,000 5,000 30,000 1,445,000 1,415,000 5,000 1,470,000 2,000,000 700,000 1,705,000 15,000 25,000 6,430,000 715,000 650,000 5,000 3,800,000 15,000 10,000 335,000 790,000 10,000 5,000 30,000 1,445,000 1,415,000 5,000 1,470,000 2,000,000 700,000 1,705,000 15,000 25,000 1,550,000 10,000 13,970,000 2,885,000 5,000 40,000,000 1,550,000 10,000 13,970,000 2,885,000 5,000 40,000,000 $ $ $ 154,421 3,266,374 234,655 456,191 1,507,503 160,811 2,420 598,413 177 7,731 (553) 1,469,401 762,942 1,384 2,575,632 1,053,257 2,147,291 29,875 42,025 42,916 1,195,197 9,082 21,399,872 1,343,689 $ 38,460,706 $ $ 3,957 267 244,149 44,267 89,761 3,495 242,012 3,829 70,449 59 56,028 448,440 141,383 161,338 $ 5,000 (154,421) 3,163,626 480,345 193,809 5,000 2,292,497 (145,811) 7,580 335,000 191,587 9,823 (2,731) 30,553 (24,401) 652,058 3,616 (1,105,632) 2,000,000 (353,257) (442,291) (14,875) (17,025) (42,916) 354,803 918 (7,429,872) 1,541,311 5,000 1,539,294 HIGHWAYS AND STREETS Transportation 147th Dr Rehabilitation Scw 17th Ave Maddock To Joy Ranch 339th Ave At I-10 51st Ave Bus Pollouts 75th Ave Bridge At Salt River 79th Pl South Of Apache Trail 87th Ave Deer Vly To Peoria Lmt 87th Ave Peoria Lmt To Williams 88th Ave Deer Vly To Williams 91St Ave Baseline To Broadway Aguila Rd At Wapa Towers Alma School At Michigan Anthem Box Clvrt Scour Protect Avondale At MC 85 $ $ 240,000 30,000 495,000 30,000 380,000 10,000 5,000 430,000 350,000 205,000 222 240,000 30,000 495,000 30,000 380,000 10,000 5,000 430,000 350,000 205,000 (3,957) (267) (244,149) (44,267) 150,239 26,505 252,988 26,171 309,551 9,941 (51,028) (18,440) 208,617 43,662 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) For the Fiscal Year Ended June 30, 2014 Budgeted Amounts Original Actual Amounts Final Variance with Final Budget HIGHWAYS AND STREETS (CONT.) Bell Rd SR303 to 75th Its Bethany Home at El Mirage Rd Bridge Preservation Broadway 51st Ave to 7th St Broadway at Watson Sgnl Instal Bush Hwy Asphalt Rubber Ovrly Candidate Assessment Reports Carefree Hwy Area Coralbell Ave 93rd to 95th St Cotton Ln Bridge At Gila River County Arterials Deer Valley El Mirage To Lk P Del Webb At Hutton Desert Sage Sub Div Rehab Dust Mitigation Dynamite At 52nd Street Eagle Eye Rd At Tiger Wash East Mesa Sub Rehab E-Intellidrive Study Ph III El Mirage Picerne To Bell El Mirage: Northern To Cactus El Mirage: Northern To Peoria Elliot Rd And Sossaman Rd Ellsworth Rd Hunt Hwy Riggs Empire And Meridian Forest Rd Mcdowell - Rio Verde Ft Mcdowell Drainage Scoping FY 12 Ar Arterial Overlay FY 12 Ar Arterial Overlay Ph 2 FY 12 Cat I Lvr FY 12 Cat II Lvr FY 12 Cat III Lvr FY 14 Lvr Dove Valley Area FY13 Ar Overlay Gavilan Pk and Venture Dr Hawk General Civil Engineering Germann At Sossaman Dcr Gilbert Rd Lwc Flood Repair Gilbert Road Bridge Granite Val At Dachtler/Mentor Gric Lvr Aq Paving Happy Valley at 115th Ave Improvements To Buckeye Yard Indian School At Beardsley Cnl Intelligent Trans Syst Its Intelligent Trans Syst Its Intelligent Trans Syst Its Laveen Area Low Volume Road Prog SE Valley Lvr Cat Iii Roads $ $ $ 50,000 230,000 50,000 230,000 125,000 60,000 1,600,000 295,000 125,000 60,000 1,600,000 295,000 730,000 1,925,000 490,000 730,000 1,925,000 490,000 420,000 20,000 220,000 1,375,000 60,000 2,570,000 40,000 1,730,000 940,000 420,000 20,000 220,000 1,375,000 60,000 2,570,000 40,000 1,730,000 940,000 580,000 580,000 660,000 660,000 370,000 2,210,000 570,000 240,000 7,050,000 370,000 2,210,000 570,000 240,000 7,050,000 1,300,000 1,300,000 5,000 115,000 5,000 115,000 2,570,000 2,570,000 245,981 163,000 103,000 295,000 245,981 163,000 103,000 295,000 2,162 38,791 5,384 223 91,228 1,177,513 8,076 23,724 165 528,111 342,773 34 1,688 291,502 290,136 84,890 3,578,509 1,895 202,749 6,706 1,338 652,983 2,813 527,584 169 165 373,474 1,398,681 434,695 229,984 6,304,226 30,925 70,265 1,466 337 1,609,423 132,294 8,312 19,773 4,520,475 14,728 120,182 128,199 14,590 101 10,899 $ (2,162) 11,209 230,000 (5,384) 125,000 (31,228) 422,487 286,924 (23,724) (165) 730,000 1,396,889 147,227 (34) 420,000 18,312 (71,502) 1,084,864 (24,890) (1,008,509) 38,105 1,527,251 933,294 (1,338) (72,983) (2,813) 132,416 (169) (165) (3,474) 811,319 135,305 10,016 745,774 (30,925) 1,229,735 (1,466) (337) (1,604,423) (17,294) (8,312) (19,773) (1,950,475) (14,728) 245,981 42,818 (25,199) 280,410 (101) (10,899) Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) For the Fiscal Year Ended June 30, 2014 Budgeted Amounts Original Actual Amounts Final Variance with Final Budget HIGHWAYS AND STREETS (CONT.) Mag Alcp Projects MC 85 At Jackrabbit Rd MC 85 At 83Rd Ctr Turn Ln Exp MC 85 Litchfield 83Rd Ave Its McDot Tmc Upgrade McDowell Rd 76Th To Usery Pass McKellips Rd I10 To Alma Schl McLellan 103Rd St To Sb McQueen Rd Ocotillo to Riggs Meeker Blvd And Wilson Way Meridian Rd Meridian Rd Ar Overlay Miller Rd Bridge At Bid Canal Miller Rd I10 To 1 Mi N I10 New River I 17 To E 27Th Ave New River Area Phase 1 New River Area Phase 2 New River Trail At Linda Ln Northern Ave Sr 303 To Grand Northern Parkway Phase II Northern Pkwy Northern At L101 Northern Reems Ltchfld Ovrps Oakmont At 107Th Ave Old Us 80 Bridge At Gila River Olive Ave El Mir To Wt Tanks Olive Ave Ltchfld To Lp101 Its Partnership Support Patton Rd West Of 257Th Ave Pavement Preservation PM10 PH4 In SE Valley Power at Riggs Power Rd Pecos To Santan Fwy Project Reserves Account Prop Mgmt Prior Years Projects Riggs Ellsworth To Meridian Riggs Rd At Sonoqui Wash Riggs Rd Hawes To Ellsworth Riggs Rd Power To Hawes Riggs Rd Recker To Power Right-Of-Way Rio Verde Dr Forest to 136th Rittenhouse Bridge At Qc Wash Roadway Flooded Warning Signs Rockaway Hills 255-251St Ave Row In Fill Road Inventory Sys Safety Projects Southern At Meridian Southern: 96Th St To Cheshire Special Projects Sun City M & R Ph 6 Sun City Pedestrian Signals $ 1,255,000 422,000 2,150,000 205,000 $ 1,255,000 422,000 2,150,000 205,000 10,000 640,000 200,000 10,000 640,000 200,000 1,600,000 215,000 1,600,000 215,000 334,000 330,000 60,000 13,545,000 5,396,000 155,000 8,158,500 70,000 334,000 330,000 60,000 13,545,000 5,396,000 155,000 8,158,500 70,000 225,000 33,000 30,000 50,000 4,525,000 225,000 33,000 30,000 50,000 4,525,000 2,065,030 869,500 650,000 520,000 150,000 170,000 650,000 90,000 130,000 2,065,030 869,500 650,000 520,000 150,000 170,000 650,000 90,000 130,000 350,000 70,000 95,000 100,000 195,000 75,000 350,000 70,000 95,000 100,000 195,000 75,000 1,510,000 1,510,000 70,000 70,000 224 $ $ 430,710 361,957 133,108 18 38,609 3,736 9,940 9,135 76 136 7,604 1,601,999 170,366 195 18,788 8,658 102,569 14,797,023 9,350,009 29,994 1,995,664 101,087 1,350 184,466 7,486 31,185 882 101 3,677,196 42,009 696,362 96,596 30,665 6,426 367,471 522 414,195 8,352 31,327 149,268 130,112 169 556 110 89,554 1,255,000 (8,710) 1,788,043 71,892 (18) (28,609) 636,264 190,060 (9,135) (76) (136) (7,604) (1,999) 44,634 (195) 315,212 321,342 (42,569) (1,252,023) (3,954,009) 125,006 6,162,836 (31,087) (1,350) 40,534 25,514 30,000 18,815 4,525,000 (882) (101) (1,612,166) 869,500 607,991 (176,362) 53,404 139,335 643,574 (277,471) 130,000 (522) (64,195) 61,648 63,673 (49,268) 195,000 (55,112) (169) 1,509,444 (110) (19,544) Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) For the Fiscal Year Ended June 30, 2014 Budgeted Amounts Original Actual Amounts Final Variance with Final Budget HIGHWAYS AND STREETS (CONT.) Sun City Signl Upgr Rh Johnson Sun City West Mill Ovrlay Ph 2 Tip Development Traffic Calming Traffic Improvements Traffic Signal Upgrade - 5 Loc Transportation Planning Union Hills at 99th Ave University at 96th St University At Sb Crismon University Dr at Meridian Rd Usery Pass Omega To Bush Hwy Val Vista Germann To Ray Warranted Traffic Improvements West Valley Dynamic Msg Signs Williams Field Uppr To Power Williams Fld Gilbert Lindsay Yuma Rd 219th Ave to Tuthill Total Transportation $ $ $ 75,000 450,000 100,000 430,000 75,000 450,000 100,000 430,000 130,000 130,000 9 174,530 185,675 51,624 $ 499 $ 590,000 50,000 590,000 50,000 400,000 964,000 400,000 964,000 82,089,011 225 $ 82,089,011 125,400 24,871 558,616 76,234 39 1,387 $ 649,312 24,319 12,583 378 61,816,758 $ (9) (99,530) 264,325 48,376 430,000 (499) 130,000 (125,400) (24,871) 31,384 (26,234) (39) (1,387) 400,000 314,688 (24,319) (12,583) (378) 20,272,253 226 Financial Section Combining Individual Fund Statements Internal Service Funds 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. Technology Infrastructure - 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’ medical, dental, pharmacy, 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. 229 Maricopa County Combining Statement of Net Position All Internal Service Funds June 30, 2014 Equipment Services Technology Infrastructure Reprographics ASSETS Current assets: Cash in bank and on hand $ Cash and investments held by County Treasurer 900 $ 3,579,551 200 $ 3,817,965 337,416 Receivables: Accounts Accrued interest 1,926 3,004 828,742 81,496 4,411,119 3,902,665 337,416 2,491,257 (1,772,830) 11,757,101 (8,533,675) 731,992 (662,905) 718,427 3,223,426 69,087 5,129,546 7,126,091 406,503 Accounts payable 781,631 586,800 29,278 Employee compensation payable 318,298 397,074 85,755 1,099,929 983,874 115,033 1,099,929 983,874 115,033 718,427 3,311,190 4,029,617 3,223,426 2,918,791 6,142,217 69,087 222,383 291,470 Inventories Prepaids Total current assets Noncurrent assets: Capital assets: Machinery and equipment Accumulated depreciation Total noncurrent assets Total assets LIABILITIES Current liabilities: Accrued liabilities Due to other funds Liability for reported and incurred but not reported claims (current portion) Total current liabilities Noncurrent liabilities: Liability for reported and incurred but not reported claims Total noncurrent liabilities Total liabilities NET POSITION Net investment in capital assets Unrestricted (deficit) Total net position (deficit) $ 230 $ $ Employee Risk Management $ 100 Benefits Trust $ 34,636,354 32,148 2,777,003 Sheriff Warehouse $ Total $ 2,778,203 43,078,342 85,449,628 6,702,546 6,702,546 70,893 1,821,083 2,748,710 36,489,685 55,377,494 107,971 998,129 1,908,367 4,569,793 998,129 101,516,508 102,804 (68,436) 27,105 (21,179) 15,110,259 (11,059,025) 34,368 5,926 4,051,234 36,524,053 55,383,420 998,129 105,567,742 999,225 1,147,163 43,318 3,587,415 260,547 159,445 1,221,119 4,490,145 4,490,145 465,328 19,076,692 11,687,296 20,336,464 17,484,049 465,328 30,763,988 508,646 40,527,995 46,383,468 46,383,468 46,383,468 46,383,468 66,719,932 34,368 (30,230,247) $ (30,195,879) $ 17,484,049 508,646 86,911,463 5,926 37,893,445 37,899,371 489,483 489,483 4,051,234 14,605,045 18,656,279 $ $ 231 Maricopa County Combining Statement of Revenues, Expenses, and Changes in Net Position All Internal Service Funds For the Fiscal Year Ended June 30, 2014 Equipment Services Technology Infrastructure Reprographics OPERATING REVENUES Charges for services $ Miscellaneous Total operating revenues 18,781,397 47,271 $ 16,737,144 8,119 $ 785,092 18,828,668 16,745,263 785,092 OPERATING EXPENSES Personal services Supplies 3,796,354 4,764,378 469,578 12,859,105 908,307 250,063 780,222 2,218,742 65,052 Other services Legal Insurance and claims Leases and rentals 16,478 1,533 Repairs and maintenance 717,882 1,419,625 Travel and transportation 9,758 113,585 75,584 324,849 7,723,959 798,857 48,881 18,580,232 Utilities Depreciation Total operating expenses Operating income (loss) 1,128 17,948,986 834,702 248,436 (1,203,723) (49,610) 4,682 (2,533) NONOPERATING REVENUES (EXPENSES) Investment income Loss on disposal of capital assets (2,466) Premium refund Return of contributions Total nonoperating revenues (expenses) Income (loss) before contributions and transfers Capital contributions 4,682 (4,999) 253,118 (1,208,722) 2,824 (49,610) 46,823 Transfers in Change in net position 255,942 3,773,675 Total net position (deficit), July 1, 2013, as restated Total net position (deficit), June 30, 2014 $ 4,029,617 232 $ (1,161,899) (49,610) 7,304,116 341,080 6,142,217 $ 291,470 Employee Risk Management $ 20,170,789 5,392,077 Benefits Trust $ Sheriff Warehouse 127,869,593 28,870 $ 2,670,728 Total $ 2,670,728 187,014,743 5,476,337 25,562,866 127,898,463 192,491,080 2,469,631 1,542,066 272,030 108,294 2,634,135 17,031,934 140,455 8,067,023 36,156 11,307,650 13,042,007 6,112,202 6,112,202 10,016,539 130,629,777 33,202 10,133 61,346 1,810 41,986 2,182,431 11,049 8,117 142,509 2,170 209 7,799,543 1,174,966 19,059,088 140,407,605 6,503,778 140,646,316 2,670,291 (12,509,142) 202,401 199,500,904 437 (7,009,824) 15,139 219,689 (2,466) 3,450,568 (3,423,209) 202,401 3,450,568 (3,423,209) 42,498 6,706,179 244,582 (12,466,644) 437 (6,765,242) 49,647 4,466,508 4,466,508 $ 11,172,687 (12,466,644) (41,368,566) 50,366,015 (30,195,879) $ 37,899,371 437 (2,249,087) 489,046 $ 489,483 233 20,905,366 $ 18,656,279 Maricopa County Combining Statement of Cash Flows All Internal Service Funds For the Fiscal Year Ended June 30, 2014 Equipment Services CASH FLOWS FROM OPERATING ACTIVITIES Charges for services Other receipts Payments for goods and services Payments for personal services and benefits Net cash provided by (used for) operating activities $ 18,781,397 Technology Infrastructure $ 47,271 16,737,144 Reprographics $ 785,092 8,119 (14,411,469) (3,761,301) (12,575,698) (4,722,458) 655,898 (552,893) (177,993) (78,808) (177,993) (78,808) (319,455) (463,044) 2,593 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Transfers from other funds Loan payments to the General Fund Opening net asset adjustment premium refund Premium refund Return of contributions Net cash provided by (used for) noncapital financing activities CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Acquisition of capital assets Net cash used for capital and related financing activities CASH FLOWS FROM INVESTING ACTIVITIES Interest and dividends Net cash provided by investing activities Net increase (decrease) in cash and cash equivalents 4,437 (27) 4,437 (27) 482,342 (631,728) 3,098,109 Cash and cash equivalents, July 1, 2013 Cash and cash equivalents, June 30, 2014 RECONCILIATION OF OPERATING INCOME (LOSS) TO NET CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES: Operating income (loss) Adjustments to reconcile operating income (loss) to net cash provided by (used for) operating activities: Depreciation expense Liability for reported and incurred but not reported claims - noncurrent Changes in assets [(increase)/decrease] and liabilities [increase/(decrease)]: Accounts receivable Inventories Prepaids Accounts payable Employee compensation payable Accrued liabilities Liability for reported and incurred but not reported claims - current SCHEDULE OF NONCASH INVESTING, CAPITAL AND NONCAPITAL FINANCING ACTIVITIES: Accumulated depreciation from disposed capital assets Machinery and equipment disposed Loss on disposal of capital assets Capital assets transferred from governmental activities Capital contributions 3,580,451 $ 3,818,165 $ 337,416 $ 248,436 $ (1,203,723) $ (49,610) 324,849 798,857 (367,778) $ 48,881 (1,953) 415,338 (187,994) (3,212) 35,053 41,920 6,534 655,898 $ 271,574 $ (271,574) (552,893) $ 64,802 $ (67,268) 2,466 234 334,823 $ $ Net cash provided by (used for) operating activities 2,593 4,449,893 2,824 46,823 (2,824) (46,823) 2,593 Employee Benefits Trust Risk Management $ 20,982,987 $ 5,392,077 121,737,451 Sheriff Warehouse $ 2,670,728 Total $ 28,870 (28,520,836) (2,425,030) (140,173,628) (1,517,652) (4,570,802) (19,924,959) 5,476,337 (2,652,745) (198,653,831) (12,889,485) 17,983 (24,372,180) 4,466,508 4,466,508 (17,983) 4,466,508 (17,983) 4,947,028 4,947,028 3,450,568 (3,423,209) 3,450,568 (3,423,209) 4,974,387 (17,983) 9,422,912 (25,756) (6,135) (288,692) (25,756) (6,135) (288,692) 209,443 25,879 239,732 209,443 25,879 239,732 79,393 34,557,061 (14,930,828) (14,998,228) 60,786,173 103,226,059 $ 34,636,454 $ 45,855,345 $ $ 6,503,778 $ (12,509,142) $ 2,170 437 $ 88,227,831 $ (7,009,824) 209 1,174,966 1,426,469 1,426,469 812,198 (6,132,142) (5,319,944) (18,156) (10,973) (141,731) (516,617) 560,601 44,601 24,414 $ (4,570,802) 22,344 (22,344) (387,887) (152,704) 35,702 303,818 152,522 (5,127,518) 3,400,350 (12,832,428) $ 181,694,799 $ $ (19,924,959) 12,043 (5,127,518) (9,432,078) $ 17,983 $ $ (12,043) (24,372,180) 370,763 (373,229) 2,466 49,647 (49,647) 235 236 Financial Section Agency Fund Agency Fund Maricopa County Listing of Agency Fund Agency Funds are used to account for assets held by the County in a fiduciary capacity or as an agent for individuals, private organizations, and/or other funds. The County maintains an Agency Fund, which is not under the control of the Board of Supervisors. The Agency Fund is custodial in nature and does not involve measurement of results of operations. AGENCY FUND Special Purpose - The Special Purpose Fund accounts for receipts, which are designated for special purposes and are not related to an individual governmental unit. 239 Maricopa County Statement of Changes in Assets and Liabilities Agency Fund For the Fiscal Year Ended June 30, 2014 Balance July 1, 2013 SPECIAL PURPOSE Assets Cash and investments in bank and on hand Cash and investments held by County Treasurer Accounts receivable Total assets Liabilities Accounts payable Accrued liabilities Deposits held for other parties Total liabilities Additions $ 35,551,411 858,436 36,421 $ 36,446,268 $ 39,930 373,328 36,033,010 $ 36,446,268 $ $ 240 $ 17,106 Balance June 30, 2014 Deductions $ 5,675,944 115,879 36,421 $ 29,875,467 742,557 $ 5,828,244 $ 30,618,024 $ 57,036 334,944 30,226,042 $ 30,618,022 $ 38,384 5,806,968 17,106 $ 5,845,352 STATISTICAL SECTION Maricopa County Listing of Statistical Information Contents Page Financial Trends Information These schedules contain trend information to help the reader understand how the County’s financial performance and well-being have changed over time. 244 Net Position by Component Changes in Net Position Fund Balances, Governmental Funds Changes in Fund Balances, Governmental Funds Revenue Capacity 250 These schedules contain information to help the reader assess the County’s most significant local revenue source, the property tax. Tax Revenues by Source, Governmental Funds Assessed Value and Estimated Market Value of Taxable Property Direct and Overlapping Property Tax Rates Principal Property Taxpayers Property Tax Levies and Collections Debt Capacity 255 These schedules present information to help the reader assess the affordability of the County’s current levels of outstanding debt and the County’s ability to issue additional debt in the future. Ratios of Outstanding Debt by Type Legal Debt Margin Information Pledged Revenue Coverage Demographic and Economic Information 258 These schedules offer demographic and economic indicators to help the reader understand the environment within which the County’s financial activities take place. Demographic and Economic Statistics Principal Employers Operating Information 260 These schedules contain service and infrastructure data to help the reader understand how the information in the County’s financial report relates to the services the County provides and the activities it performs. Budgeted Full-time Equivalent County Employees by Function/Program Operating Indicators by Function/Program Capital Asset Statistics by Function/Program 243 Maricopa County Net Position by Component Last Ten Fiscal Years (accrual basis of accounting) Fiscal Year NET POSITION 2004-05 Governmental activities Net investment in capital assets Restricted Unrestricted Total governmental activities net position 2005-06 2006-07 2007-08 2008-09 $ 2,345,910,917 $ 2,443,905,934 $ 2,488,280,795 $ 2,542,165,396 $ 2,712,797,252 260,495,040 456,714,660 $ 3,063,120,617 345,147,265 561,333,573 $ 3,350,386,772 437,856,827 686,000,889 $ 3,612,138,511 526,220,283 772,807,989 $ 3,841,193,668 480,937,127 850,348,663 $ 4,044,083,042 $ 1,388,358 $ $ 1,860,630 $ 7,277 (26,237,718) (24,842,083) $ 7,691 (3,486,686) (1,618,365) Business-type activities (1) Net investment in capital assets Restricted Unrestricted Total business-type activities net position 1,253,947 7,556 (4,568,970) $ (3,307,467) Primary government Net investment in capital assets $ 2,347,299,275 $ 2,445,159,881 $ 2,490,141,425 $ 2,542,165,396 $ 2,712,797,252 Restricted 260,502,317 430,476,942 $ 3,038,278,534 345,154,821 556,764,603 $ 3,347,079,305 437,864,518 682,514,203 $ 3,610,520,146 526,220,283 772,807,989 $ 3,841,193,668 480,937,127 850,348,663 $ 4,044,083,042 Unrestricted Total primary government net position Fiscal Year NET POSITION 2009-10 2010-11 2011-12 2012-13 2013-14 Governmental activities Net investment in capital assets $ 2,851,126,451 $ 3,105,417,974 $ 3,238,389,442 $ 3,358,835,597 $ 3,423,302,960 Restricted 601,165,852 848,551,674 $ 4,300,843,977 627,527,187 757,580,843 $ 4,490,526,004 625,230,345 698,200,079 $ 4,561,819,866 616,966,709 680,694,942 $ 4,656,497,248 542,254,851 638,467,088 $ 4,604,024,899 Unrestricted Total governmental activities net position (2) Business-type activities (1) Net investment in capital assets $ 25,668,674 $ 2,199,816 4,057,242 31,925,732 Restricted Unrestricted Total business-type activities net position (2) Primary government Net investment in capital assets $ 2,851,126,451 $ 3,105,417,974 $ 3,238,389,442 $ 3,358,835,597 $ 3,448,971,634 Restricted 601,165,852 848,551,674 $ 4,300,843,977 627,527,187 757,580,843 $ 4,490,526,004 625,230,345 698,200,079 $ 4,561,819,866 616,966,709 680,694,942 $ 4,656,497,248 544,454,667 642,524,330 $ 4,635,950,631 Unrestricted Total primary government net position (2) (1) (2) From fiscal year 2008 through 2013, the County did not have any business-type activities. This schedule was not adjusted for the fiscal year 2013 restatements to net position. 244 Maricopa County Changes in Net Position Last Ten Fiscal Years (accrual basis of accounting) Fiscal Year 2008-09 2009-10 2004-05 2005-06 2006-07 2007-08 $ 176,430,887 685,762,001 63,014,453 439,784,002 33,068,497 $ 185,628,267 782,136,857 70,418,156 433,776,254 32,596,971 $ 211,473,080 864,907,381 132,992,498 464,255,008 36,196,645 $ 182,868,340 965,934,762 143,367,655 383,885,390 38,751,304 18,397,229 7,827,876 20,220,846 7,763,995 15,687,335 6,254,330 14,687,029 10,347,354 8,298,531 8,707,887 1,424,284,945 1,532,541,346 1,731,766,277 1,739,841,834 1,713,216,440 40,048,082 56,657,239 2,400,374 334,354 2010-11 2011-12 2012-13 2013-14 $ 248,394,846 893,760,377 123,611,300 387,892,315 43,325,625 $ 229,774,209 940,656,263 79,064,075 441,741,947 52,783,614 $ 186,443,502 934,185,866 82,789,191 432,470,577 44,071,366 $ 207,955,003 1,009,516,114 87,024,827 403,901,208 50,968,956 8,234,785 6,123,987 9,219,564 7,640,462 12,886,213 5,409,382 18,417,838 4,606,548 26,684,832 5,237,255 1,590,947,506 1,713,844,489 1,762,315,703 1,702,984,888 1,791,288,195 Expenses Governmental activities: General government: (1) Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Interest on long-term debt Total governmental activities expenses Business-type activities: (2) Medical Center AHCCCS — Acute Health Care program AHCCCS— ALTCS program Solid Waste Management Housing Authority Other business-type activities Total business-type activities expenses Total primary government expenses 168,986,980 132,314,013 252,178,102 $ 174,659,283 $ 235,215,523 984,626,109 888,875,706 90,253,798 83,230,341 403,757,839 331,333,847 42,912,993 37,933,317 25,070,360 29,911,332 591,472 583,390,427 99,105,695 925,826 $ 2,007,675,372 $ 1,631,647,041 $ 1,732,692,103 $ 1,739,841,834 $ 1,713,216,440 $ 1,590,947,506 $ 1,713,844,489 $ 1,762,315,703 $ 1,702,984,888 $ 1,816,358,555 25,070,360 $ $ $ $ $ $ $ $ $ Program Revenues Governmental activities: Charges for services: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Operating grants and contributions Capital grants and contributions Total governmental activities program revenues Business-type activities: (2) Charges for services: Medical Center 37,213,997 84,213,640 45,332,986 102,807,289 34,852,251 95,402,079 28,672,080 $ 26,983,394 161,019,287 154,380,972 27,698,094 152,507,151 25,986,495 157,678,693 30,980,314 144,058,659 24,448,700 140,384,054 6,550,179 28,100,481 12,380,453 33,726,958 12,756,421 36,933,502 19,009,650 48,326,397 29,894,868 54,265,926 26,534,563 46,903,563 28,130,243 54,135,715 14,143,550 51,271,770 19,546,115 51,271,352 15,534,823 51,138,425 8,954,896 2,383,943 9,378,993 82,561 4,213,017 818,977 14,216,206 687,074 13,111,055 837,422 13,230,460 918,352 11,928,461 215,723 13,205,450 179,928 13,292,978 508,813 14,943,535 465,823 382,416,458 39,017,299 393,375,512 42,537,895 443,607,678 47,256,549 263,428,112 68,386,096 229,027,912 124,182,030 255,625,422 95,268,969 286,447,310 58,859,929 290,123,847 7,642,252 271,351,538 50,238,182 259,112,950 49,569,607 588,850,893 639,622,647 675,840,474 605,278,498 641,010,580 619,845,695 619,922,626 560,231,985 581,247,951 555,597,917 158,640,394 AHCCCS — Acute Health Care program 117,680,705 29,801,116 908,814 AHCCCS— ALTCS program 220,784,342 53,842,048 969,493 360,864 667,376 Solid Waste Management Housing Authority 30,942,935 160,282,028 6,741,213 245 Maricopa County Changes in Net Position (Continued) 2004-05 Other business-type activities Operating grants and contributions 2005-06 2006-07 2007-08 2008-09 Fiscal Year 2009-10 21,213,776 2,501,372 19,944 520,840,533 $ 1,109,691,426 84,004,028 $ 723,626,675 $ (835,434,052) (62,549,894) $ (892,918,699) (15,101,667) Total primary government net expense $ (897,983,946) General Revenues and other Changes in Net Position $ (908,020,366) $ (1,054,305,946) $(1,134,563,336) $(1,072,205,860) $ (971,101,811) $ 388,190,146 $ 413,294,370 $ 449,499,249 61,763,471 17,366,792 65,513,238 18,390,885 69,462,089 19,473,450 73,506,944 20,504,964 72,753,878 20,482,122 457,785,985 137,876,660 6,498,814 480,411,950 145,389,597 6,288,093 460,958,772 138,063,948 6,132,465 394,920,581 116,878,703 5,304,565 122,637,827 138,003,052 143,543,618 139,312,595 1,813,162 20,995,575 4,262,227 (37,047,610) 1,858,155 29,479,569 13,558,451 (43,435,540) 1,844,364 55,405,747 10,346,066 6,098,668 Capital grants and contributions Total business-type program revenues Total primary gov’t program revenues Net (Expense)/Revenue Governmental activities Business-type activities (2) Governmental activities: Taxes Property taxes, levied for gen. purposes $ 357,712,304 Property taxes, levied for Flood Control District 56,093,885 Property taxes, levied for Library District 15,796,618 Property taxes, levied for Street Light District Share of state sales taxes 397,712,843 Sales tax – Jail construction & operation 119,143,064 Surcharge tax – Stadium District 6,024,355 Share of state vehicle license tax Grants and contributions not restricted to specific programs Unrestricted investment earnings Miscellaneous Transfers Total governmental activities Business-type activities: (2) Unrestricted investment earnings Gain (loss) on disposal of capital assets Miscellaneous Special item – loss on closure bus. act. Transfers Total business-type activities Total primary government 2010-11 2011-12 2012-13 2013-14 15,529,154 2,545,683 $ 678,386,157 $ 605,278,498 $ 641,010,580 $ 619,845,695 $ 619,922,626 $ 560,231,985 $(1,055,925,803) $(1,134,563,336) $(1,072,205,860) $ (971,101,811) $ (1,093,921,863) $(1,202,083,718) 1,619,857 $ 482,697,371 $ 519,651,976 $ (1,093,921,863) $(1,202,083,718) $ 518,956,222 $ 504,805,017 366,285,237 107,094,680 4,668,705 66,723,260 20,385,799 5,432,863 385,487,679 112,451,803 4,989,933 126,036,362 116,405,328 1,814,394 72,729,140 11,474,763 4,097,990 36,013,917 12,247,649 1,368,920,865 1,272,209,046 $ 581,247,951 $ 1,440,065 23,710,432 579,308,349 $(1,121,736,937) $(1,235,690,278) (1,359,928) $(1,121,736,937) $(1,237,050,206) $ 447,135,707 429,235,095 61,210,182 19,049,420 5,026,752 400,453,544 118,052,954 5,192,003 53,647,040 16,971,693 5,026,752 418,642,153 124,595,909 5,217,452 39,287,012 14,246,516 6,070,638 447,541,942 133,929,831 5,394,707 113,649,012 113,363,658 118,202,382 126,137,174 2,652,085 21,884,398 11,756,380 2,728,933 14,815,018 15,198,561 2,802,089 18,135,778 17,062,806 2,781,842 6,678,917 17,514,472 3,011,264 2,150,743 24,138,258 1,243,634,789 1,260,819,083 1,265,154,203 1,216,414,319 1,231,143,180 1,065,144,250 1,208,945,555 1,346,526,596 1,002,779 447,790 684,104 89 6,883 12,914 169,932 164,356 (108,765,405) 37,047,610 (70,715,016) 43,435,540 43,903,127 (6,098,668) (5,244,632) 164,445 $ 994,429,234 $ 1,252,848,682 $ 1,341,281,964 $1,368,920,865 $ 229,710,198 (133,264,910) $ 96,445,288 $ 316,026,856 28,801,460 $ 344,828,316 $ 290,600,793 (3,624,775) $ 286,976,018 $ 234,357,529 $ 234,357,529 $1,272,209,046 $ 1,243,634,789 $1,260,819,083 $ 1,265,154,203 $ 1,216,414,319 $ 1,231,307,625 $ 200,003,186 $ 272,532,978 $ 166,897,220 $ 63,070,485 $ 94,677,382 $ $ 200,003,186 $ 272,532,978 $ 166,897,220 $ 63,070,485 $ 94,677,382 $ Change in Net Position Governmental activities Business-type activities (2) Total primary government (1) (2) (4,547,098) (1,195,483) (5,742,581) Beginning fiscal year 2007, general government expenses include loss on disposal of capital assets. This amount was previously shown separately within general revenues on the Statement of Activities. For comparison purposes, for fiscal years 2005 and 2006, loss on disposal of capital assets was reclassified on this schedule into general government From fiscal year 2008 through 2013, the County did not have any business-type activities. 246 Maricopa County Fund Balances, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) Fiscal Year 2004-05 2005-06 2006-07 2007-08 General Fund Reserved $ $ $ 3,281,552 427,995,902 431,277,454 $ 23,602,714 Unreserved Total general fund $ $ 25,557,789 539,621,335 565,179,124 $ $ 26,503,298 444,964,280 471,467,578 $ 21,465,733 512,125,107 533,590,840 $ 22,460,845 $ 23,264,984 $ 24,144,860 All Other Governmental Funds Reserved Unreserved, reported in: Special revenue funds 192,187,526 259,363,049 306,244,082 339,553,123 Capital projects funds 129,612,546 36,643,487 382,046,273 115,785,803 18,808,809 416,418,506 447,826,380 18,495,336 795,830,782 490,257,680 15,265,958 869,221,621 Debt service funds Total all other governmental funds $ $ $ $ Fiscal Year 2009-10 2008-09 General Fund Reserved Unreserved Total general fund $ 20,929,952 410,035,269 $ 430,965,221 $ 20,513,964 489,009,836 $ 509,523,800 $ $ All Other Governmental Funds Reserved 22,105,351 19,468,729 Unreserved, reported in: Special revenue funds 366,227,240 408,964,189 Capital projects funds 598,462,118 7,007,229 993,801,938 578,091,264 1,696,337 $1,008,220,519 Debt service funds Total all other governmental funds $ Fiscal Year 2010-11 2011-12 2012-13 2013-14 General Fund* Nonspendable $ 20,372,794 $ 19,923,166 $ 19,144,202 $ 19,770,325 230,066,825 28,619,600 277,830,627 $ 113,712,308 7,490,426 140,973,059 2,451,776 $ Restricted Committed 162,000,000 159,000,000 Assigned 225,405,703 21,623,906 429,402,403 $ 88,432,960 35,578,965 302,935,091 $ 2,774,433 $ 2,634,776 $ Unassigned Total general fund $ All Other Governmental Funds* Nonspendable $ 2,287,114 Restricted 625,559,970 623,361,495 615,289,987 541,960,456 Committed 446,474,182 504,306,863 470,044,802 554,526,504 (9,454,552) $ 1,065,354,033 (8,028,141) $ 1,122,274,993 (7,751,843) $ 1,080,034,722 (2,385,853) $ 1,096,388,221 Assigned Unassigned Total all other governmental funds (a) *Fund Balance Classifications for fiscal year 2011 are changed due to the initial year of GASB Statement No.54 presentation (a) This schedule was not adjusted for the fiscal year 2013 restatement to fund balance. 247 Maricopa County Changes in Fund Balances, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) Fiscal Year 2004-05 2005-06 2006-07 2007-08 Revenues Taxes $ Licenses and permits 556,751,810 $ 601,231,444 $ 640,375,614 $ 672,237,546 34,765,632 42,266,662 40,078,842 40,434,059 904,156,166 1,025,737,248 1,105,841,984 904,588,701 Charges for services 74,735,757 86,925,888 87,668,832 153,431,323 Fines and forfeits 21,855,377 23,366,008 31,641,869 32,061,172 3,536,133 3,770,790 3,929,786 5,284,808 Intergovernmental Special assessments Interest income Miscellaneous 56,838,888 69,589,514 105,465,489 110,992,618 Total revenues 1,652,639,763 1,852,887,554 2,015,002,416 1,919,030,227 General government 130,064,711 131,031,069 173,121,467 173,285,719 Public safety 636,868,683 733,244,452 813,297,449 882,964,097 48,811,843 47,763,048 56,087,569 54,885,932 437,845,805 430,614,292 461,668,854 378,763,080 Culture and recreation 22,146,913 24,625,293 28,283,735 30,186,081 Education 18,014,621 18,885,218 15,218,331 14,677,474 Principal 15,677,059 18,780,267 16,297,518 15,607,476 Interest 8,592,525 8,497,208 6,030,238 11,441,406 11,870 17,508 1,460,467 5,250 Expenditures Highways and streets Health, welfare and sanitation Debt service Other Payment to escrow agent Capital outlay Total expenditures 205,929,785 232,922,515 301,383,004 278,993,140 1,523,963,815 1,646,380,870 1,872,848,632 1,840,809,655 128,675,948 206,506,684 142,153,784 78,220,572 Excess (deficiency) of revenues over expenditures Other financing sources (uses) Transfers in Transfers out Capital lease agreements Proceeds from bond issuance 346,549,747 314,004,599 791,514,765 389,617,546 (395,058,179) (357,440,139) (785,416,097) (386,617,546) 8,384,655 9,395,689 25,720,244 29,953,944 12,000,000 3,000,000 140,940,000 (10,605,000) (34,414,011) 1,217,018 10,106,857 (41,644,851) 141,158,007 43,060,801 Premium on refunding bonds 1,596,088 Payment to escrow agent Loan Proceeds (28,123,777) Total other financing sources (uses) Net change in fund balances $ 100,552,171 $ 164,861,833 $ 283,311,791 $ 121,281,373 Debt service as a percentage of non capital expenditures 1.8% 1.9% (a) Data was adjusted in fiscal year 2014. 248 1.4% 1.7% Fiscal Year 2008-09 $ 686,964,346 2009-10 (a) $ 716,804,640 2010-11 $ 2011-12 715,851,831 $ 704,104,717 2012-13 $ 642,325,131 2013-14 $ 615,127,234 41,439,097 38,496,710 41,372,329 57,136,150 43,803,739 44,295,063 783,903,253 772,997,433 802,853,910 827,075,550 870,032,708 879,890,750 169,543,750 177,455,822 185,637,288 160,595,034 170,891,803 158,418,054 37,360,387 35,152,334 34,094,367 31,006,029 30,760,368 28,981,715 4,841,432 4,377,292 5,432,863 5,026,752 5,068,492 6,070,638 95,349,598 20,318,913 15,029,350 13,829,194 15,477,441 17,305,398 18,164,312 6,264,554 28,665,945 1,028,984 16,886,275 1,819,401,863 1,780,632,494 1,814,549,223 1,820,413,942 1,797,812,740 1,750,698,713 176,738,216 208,844,970 193,235,111 168,967,810 151,832,578 135,670,741 895,818,537 825,412,465 829,965,019 873,303,867 871,928,815 960,017,951 54,407,137 52,572,927 53,297,470 49,416,837 48,459,526 51,635,626 396,702,161 326,936,948 384,436,682 435,449,254 425,526,752 400,282,296 33,870,918 28,121,160 30,005,985 30,792,212 33,003,716 36,936,932 8,523,122 7,684,473 8,927,278 12,731,152 18,255,308 26,506,855 18,833,968 15,914,149 15,728,150 18,406,034 15,290,371 20,742,071 10,026,110 9,246,731 8,558,856 7,671,184 5,844,641 5,391,181 3,188 91,580 1,249 132,718 1,250 228,759,097 220,481,647 212,063,026 320,011,115 279,162,786 6,381,485 251,067,940 1,815,405,004 1,686,888,429 1,844,166,915 1,875,901,136 1,827,723,850 1,865,944,000 3,996,859 93,744,065 (29,617,692) (55,487,194) (29,911,110) (115,245,287) 446,171,799 383,496,208 677,002,927 499,886,853 483,487,756 516,830,224 (446,171,799) (383,459,515) (675,672,626) (502,575,907) (520,550,878) (521,296,732) 20,121,941 25,140,000 (24,997,819) 20,121,941 $ 24,118,800 1.8% 36,693 $ 93,780,758 1.7% 1,330,301 $ (28,287,391) 1.6%(a) (2,689,054) $ (58,176,248) 1.6% 249 (36,920,941) $ (66,832,051) 1.7%(a) (4,466,508) $ (119,711,795) 1.6% Maricopa County Tax Revenues by Source, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) Fiscal Year 2004-05 $ General State Vehicle Highway Baseball Property Taxes Sales Tax License Tax User Fuel Tax Stadium Tax 431,584,391 $ 397,712,843 $ 130,947,139 $ 90,566,135 $ 61 2005-06 456,855,970 457,785,985 147,366,085 96,972,512 5,294 2006-07 468,697,924 480,411,950 153,262,719 107,593,116 1,938 2007-08 528,041,133 460,958,772 148,862,871 102,751,593 1,160 2008-09 564,781,078 394,920,582 134,831,210 90,419,237 875 2009-10 605,041,255 386,285,238 124,579,510 84,950,511 131 2010-11 598,410,095 385,487,679 121,637,533 85,975,735 1,667 2011-12 580,859,760 400,453,543 122,011,906 78,928,602 322 2012-13 512,511,770 418,642,153 127,115,879 86,815,139 41 2013-14 475,802,697 447,541,942 135,565,922 89,630,002 10.2% 12.5% Change 2005-14 3.5% Rental Fiscal Year 2004-05 6,024,355 (100.0%) Street Car Surcharge $ (1.0%) Jail Tax $ 119,143,064 Lighting Assessments $ 3,430,588 Total Revenues $ 1,179,408,576 2005-06 6,493,520 137,876,660 3,770,790 1,307,126,816 2006-07 6,286,155 145,389,597 3,929,786 1,365,573,185 2007-08 6,131,305 138,063,948 5,284,808 1,390,095,590 2008-09 5,303,690 116,878,703 4,841,432 1,311,976,805 2009-10 4,668,574 107,094,680 4,377,292 1,296,997,190 2010-11 4,988,266 112,451,803 5,432,863 1,314,385,641 2011-12 5,191,681 118,052,954 5,026,752 1,310,525,520 2012-13 5,217,411 124,595,909 5,068,492 1,279,966,794 2013-14 5,394,706 133,929,831 6,070,638 1,293,935,739 Change 2005-14 (10.5%) 12.4% 77.0% 9.7% The Vehicle License Tax for fiscal year 2003 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 Jail Tax was approved by the voters in the General Election on November 3, 1998. 250 Maricopa County Assessed Value and Estimated Market Value of Taxable Property Last Ten Fiscal Years (in thousands of dollars) Property Values Fiscal Assessed Total Total Secured Total Assessed Year Direct and Unsecured Value as a Ended June 30, Secured Tax Rate Estimated Market Value Percentage of Total Estimated Market Value 2004-05 $ 28,811,532 $ 1,255,455 $ 30,066,987 1.4748 $ 245,835,672 12.2% 2005-06 31,886,842 1,310,377 33,197,219 1.4611 273,817,028 12.1% 2006-07 34,922,001 1,372,693 36,294,694 1.4348 301,474,323 12.0% 2007-08 48,136,309 1,398,265 49,534,574 1.2970 431,682,163 11.5% 2008-09 56,831,715 1,471,920 58,303,635 1.2047 516,677,465 11.3% 2009-10 56,523,957 1,460,095 57,984,052 1.1629 516,184,657 11.2% 2010-11 48,247,443 1,415,100 49,662,543 1.2409 444,097,352 11.2% 2011-12 37,474,985 1,285,311 38,760,296 1.4679 359,683,508 10.8% 2012-13 33,136,394 1,264,061 34,400,455 1.4679 321,960,273 10.7% 2013-14 30,817,627 1,411,380 32,229,007 1.4637 310,300,015 10.4% Unsecured Total Secured and Unsecured assessed property values and estimated market values are determined each calendar year. The tax rates are applicable beginning July 1st of the next fiscal year. The Board of Supervisors approves the tax rates on the third Monday of August. Source: Maricopa County Department of Finance – Property Tax Division. 251 Maricopa County Direct and Overlapping Property Tax Rates Last Ten Fiscal Years County Direct Rates General Obligation Flood County Fiscal Year County Operating Debt Service Control District Library District Total Direct 2004-05 1.2108 0.0000 0.2119 0.0521 1.4748 2005-06 1.1971 0.0000 0.2119 0.0521 1.4611 2006-07 1.1794 0.0000 0.2047 0.0507 1.4348 2007-08 1.1046 0.0000 0.1533 0.0391 1.2970 2008-09 1.0327 0.0000 0.1367 0.0353 1.2047 2009-10 0.9909 0.0000 0.1367 0.0353 1.1629 2010-11 1.0508 0.0000 0.1489 0.0412 1.2409 2011-12 1.2407 0.0000 0.1780 0.0492 1.4679 2012-13 1.2407 0.0000 0.1780 0.0492 1.4679 2013-14 1.2807 0.0000 0.1392 0.0438 1.4637 Overlapping Rates Central Arizona State Fiscal Year of Arizona Education Equalization Water Other Community Conservation District Special Districts College District School Districts Cities 2004-05 0.0000 0.4560 0.1200 0 – 3.8600(1) 1.0372 1.0947 - 14.3477 0 - 2.4060 2005-06 0.0000 0.4358 0.1200 0 – 3.8600 1.0315 (1) 1.0182- 14.3301(1) 0 - 2.4275 (1) 2006-07 0.0000 0.0000 0.1200 0 – 3.8600 1.0646 0.8765 - 14.7188 0 - 2.9666 2007-08 0.0000 0.0000 0.1000 0 – 3.8600 0.9760 0.9413 - 8.7577 0 - 2.6736 2008-09 0.0000 0.0000 0.1000 0 – 3.3000 0.9386 0.6874 - 12.7204 0 - 2.2993 2009-10 0.0000 0.3306 0.1000 0 – 3.3000 0.8844 0.7773 - 10.8439 0 - 2.5074 2010-11 0.0000 0.3564 0.1000 0 – 3.3000 0.9728 0.7098 - 10.7955 0 - 2.4390 2011-12 0.0000 0.4259 0.1000 0 – 4.0500 1.2082 0.7566 - 10.7955 0 - 2.9084 2012-13 0.0000 0.4717 0.1000 0 – 6.1500 1.3778 0.7710 - 10.4523 0 - 3.8886 2013-14 0.0000 0.5123 0.1400 0 – 5.3000 1.5340 0.7463 - 10.2183 0 - 4.0399 Source: Maricopa County Department of Finance – Property Tax Division. All tax rates are per $100 assessed valuation. (1) Data updated in fiscal year 2007. 252 Maricopa County Principal Property Taxpayers Current Year and Nine Years Ago 2013-14 2004-05 Percentage of Percentage of Total County Taxpayer Arizona Public Service Secondary Valuation Rank Assessed Value Total County Secondary Valuation Rank Assessed Value $ 1,083,144,495 1 3.36% $ 887,921,756 1 2.95% Qwest Corporation 153,665,296 2 0.48% 439,123,801 2 1.46% Southwest Gas Corporation 147,481,461 3 0.46% 139,471,538 4 0.46% Southern California Edison Company 128,749,055 4 0.40% 168,191,472 3 0.56% El Paso Electric Company 124,582,571 5 0.39% 137,145,470 5 0.46% Wal-Mart Stores Inc. 81,668,598 6 0.25% 47,692,736 15 0.16% Mesquite Power LLC 79,950,000 7 0.25% AT&T 76,567,217 8 0.24% 74,003,744 9 0.25% Sundevil Power Holdings, LLC 73,220,160 9 0.23% Public Service Company of New Mexico 72,976,296 10 0.23% 78,310,568 8 0.26% Verizon Wireless 67,406,745 11 0.21% New Harquahala Generating Co, LLC 58,500,000 12 0.18% Gila River Power, LP 48,989,655 13 0.15% Southern California Public Power Authority 48,669,621 14 0.15% 62,648,645 12 0.21% Target Corporation 48,520,001 15 0.15% 61,647,778 13 0.21% Scottsdale Fashion Square Partnership 41,655,203 16 0.13% 46,477,595 16 0.15% Arizona Solar One LLC 39,305,759 17 0.12% Host Kierland LP 38,457,086 18 0.12% Smith’s Food & Drug Centers Inc. 33,295,348 19 0.10% Safeway Inc. 32,150,072 20 0.10% 63,426,784 11 0.21% Intel Corporation 92,812,134 6 0.31% Freescale Semiconductor Inc. 79,622,513 7 0.26% Cox Communications 72,306,968 10 0.24% Albertsons Inc. 50,978,868 14 0.17% Wells Fargo Bank 44,411,032 17 0.15% Honeywell 43,841,029 18 0.15% Sheraton Phoenician 43,767,143 19 0.15% MCI Worldcom Network Services Inc. 42,605,645 20 0.14% Total Principal Taxpayers $ 2,478,954,639 Countywide Secondary Valuation $ 32,277,709,833 Source: Maricopa County Assessor’s Office. 253 7.70% $ 2,676,407,219 $ 30,066,986,670 8.91% Maricopa County Property Tax Levies and Collections Last Ten Fiscal Years Collected within the Fiscal Year of the Levy Fiscal Total Collections to Date County Tax Year Levied Ended June 30, For the Fiscal Year Collections Percentage of Levy Amount In Subsequent Years $ 4,930,233 Amount $ Percentage of Levy 2004-05 $ 411,881,140 $ 402,111,242 97.63 407,041,475 98.82 2005-06 451,253,280 438,441,057 97.16 6,917,173 445,358,230 98.69 2006-07 484,223,277 469,107,028 96.88 10,001,258 479,108,286 98.94 2007-08 519,814,623 503,200,873 96.80 13,734,020 516,934,893 99.45 2008-09 558,747,827 535,412,874 95.82 18,172,791 553,585,665 99.08 2009-10 587,695,910 562,196,230 95.66 17,582,947 579,779,177 98.65 2010-11 580,723,610 556,833,931 95.89 12,056,465 568,890,396 97.96 2011-12 559,042,706 541,115,030 96.79 11,148,323 552,263,353 98.79 2012-13 496,621,093 483,768,161 97.41 8,435,328 492,203,489 99.11 2013-14 463,734,687 454,630,238 98.04 454,630,238 98.04 Note: Collections to date may exceed 100%, as the initial amount levied is not updated to reflect any adjustments or exemptions arising from taxpayer disputes. County Tax Levied for the Fiscal Year Fiscal Year Ended June 30, 2004-05 2005-06 Flood Control District County Operating $ 339,882,099 $ 56,334,141 County Library $ 15,664,900 Total County $ 411,881,140 371,224,118 398,725,245 62,733,411 17,295,751 451,253,280 2006-07 67,096,622 18,401,410 484,223,277 2007-08 430,023,735 70,422,870 19,368,018 519,814,623 2008-09 463,492,311 74,674,333 20,581,183 558,747,827 2009-10 492,230,736 74,996,804 20,468,370 587,695,910 2010-11 492,224,342 68,019,592 20,479,676 580,723,610 2011-12 477,571,468 62,401,172 19,070,066 559,042,706 2012-13 425,111,491 54,584,578 16,925,024 496,621,093 2013-14 409,775,397 39,842,985 14,116,305 463,734,687 Source: Maricopa County Department of Finance – Property Tax Division. 254 Maricopa County Ratios of Outstanding Debt by Type Last Ten Fiscal Years Other Governmental Activities Debt Fiscal Lease Lease Stadium Stadium Year Ended June 30, Revenue Bonds Trust Certificates District Rev. Bonds District Loans (d) 10,812,000 9,212,000 6,812,000 4,612,000 $ 52,735,000 50,050,000 47,230,000 44,270,000 41,165,000 37,905,000 34,515,000 30,945,000 22,440,000 19,260,000 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 $ 101,101,501 81,188,067 181,245,043 173,670,000 163,900,000 153,285,000 142,140,000 130,815,000 120,350,000 108,975,000 $ $ 4,428,888 2,428,888 978,394 10,864,916 10,465,338 9,286,098 8,106,857 6,906,857 5,706,857 $ 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 Certificates of Participation $ 5,500,000 5,115,000 4,715,000 4,295,000 3,850,000 3,385,000 2,895,000 Installment Purchase Agreements Capital Leases $ 13,507,633 16,312,891 33,039,132 50,093,644 51,135,340 14,956,315 432,651 $ Bond Premium (d) 235,458 154,267 103,077 82,519 193,591 174,442 120,533 80,050 64,679 49,465 $ 7,172,286 6,413,114 7,237,834 6,332,348 5,426,862 4,521,377 3,615,891 1,371,661 706,020 559,708 Business-Type Activities Other Governmental Activities Debt Fiscal Year Ended June 30, Special Assessment 892,254 546,202 205,765 Lease Revenue Bonds $ 43,499 36,933 29,957 Housing Authority Debt (d)(e) $ 2,787,917 3,609,943 6,373,931 Total Percentage Primary of Assessed Government (c)(d) Property Value (a)(d) Per Capita (b)(d) 0.65% 0.52% 0.78% 0.59% 0.47% 0.39% 0.39% 0.45% 0.44% 0.42% 53.99 45.21 72.07 73.78 67.09 55.56 50.25 44.51 38.86 34.28 $ 196,428,519 171,457,362 281,596,202 294,220,427 276,136,131 223,513,232 191,825,932 172,906,485 152,877,499 135,218,104 Note: Details regarding the County’s outstanding debt can be found in the notes to the financial statements. (a) See Assessed Value and Estimated Market Value of Taxable Property schedule for assessed property value data. (b) Population data can be found in the Demographic and Economic Statistics schedule. (c) Includes other governmental activities and business-type activities debt. (d) Data was adjusted in fiscal year 2013 to include all long-term debt instruments and bond premium as reported in the basic financial statements. (e) Beginning FY14, Housing Authority is reported in Business-Type Activities. 255 Maricopa County Legal Debt Margin Information Last Ten Fiscal Years Fiscal Year Debt limit 2004-05 2005-06 2006-07 2007-08 2008-09 $ 4,510,048,001 $ 4,979,582,760 $ 5,444,204,040 $ 7,430,186,074 $8,745,545,293 $ 4,510,048,001 $ 4,979,582,760 $ 5,444,204,040 $ 7,430,186,074 $8,745,545,293 Total net general obligation debt Legal debt margin Total net debt applicable to the limit as a percentage of debt limit 0% 0% 0% 0% 0% Fiscal Year Debt limit 2009-10 2010-11 2011-12 2012-13 2013-14 $8,697,607,759 $7,449,381,543 $5,814,044,507 $ 5,160,068,357 $ 4,834,351,022 $8,697,607,759 $7,449,381,543 $5,814,044,507 $ 5,160,068,357 $ 4,834,351,022 Total net general obligation debt Legal debt margin Total net debt applicable to the limit as a percentage of debt limit 0% 0% 0% 0% 0% Legal Debt Margin Calculation for Fiscal Year 2013-14 Assessed Value $ 32,229,006,810 Debt limit (15% of assessed value) 4,834,351,022 Debt applicable to limit: General obligation bonds Total net debt applicable to limit Legal debt margin $ 4,834,351,022 Note: The Arizona Constitution, Article 9, Section 8, states that a County may become indebted for an amount not to exceed fifteen percent of taxable property. 256 Maricopa County Pledged Revenue Coverage Last Ten Fiscal Years Stadium District Revenue Bonds Net Revenue Available Fiscal Year 2004-05 Gross Revenue $ 6,533,419 For Debt Service (1) $ Debt Service Requirements Principal Interest Total $ 2,873,964 $ Gross Coverage Net Coverage 10,320,528 $ 2,490,000 5,363,964 122% 192% 2005-06 7,018,591 10,697,550 2,685,000 2,738,844 5,423,844 129% 197% 2006-07 6,838,436 10,702,495 2,820,000 2,604,374 5,424,374 126% 197% 2007-08 6,671,848 10,511,470 2,960,000 2,463,594 5,423,594 123% 194% 2008-09 5,714,998 9,993,478 3,105,000 2,317,532 5,422,532 105% 184% 2009-10 5,005,605 9,468,739 4,260,000 2,160,344 6,420,344 78% 147% 2010-11 5,322,380 9,255,676 4,569,241 2,029,943 6,599,184 81% 140% 2011-12 5,527,021 9,245,158 4,770,000 1,852,039 6,622,039 83% 140% 2012-13 5,183,923 4,360,173 3,900,000 610,378 4,510,378 115% 97% 2013-14 5,394,706 4,401,308 8,886,857 512,882 9,399,739 57% 47% Special Assessment Bonds Net Revenue Available Fiscal Year 2004-05 Gross Revenue $ 25,503 For Debt Service (1) $ 193,014 Debt Services Requirements Principal Interest Total $ 107,644 $ 20,830 $ Gross Coverage Net Coverage 128,474 20% 150% 2005-06 60,481 157,670 81,191 14,634 95,825 63% 165% 2006-07 27,874 123,706 51,819 10,019 61,838 45% 200% 2007-08 56,579 146,962 26,711 6,612 33,323 170% 441% 2008-09 108,555 204,154 36,968 14,395 51,363 211% 397% 2009-10 53,667 134,815 19,149 13,527 32,676 164% 413% 2010-11 28,253 98,077 53,909 11,082 64,991 43% 151% 2011-12 22,013 73,157 40,483 6,450 46,933 47% 156% 2012-13 29,361 81,996 15,371 5,151 20,522 143% 400% 2013-14 94 29,564 15,214 4,369 19,583 0% 151% Note: Details regarding the outstanding debt can be found in the notes to the financial statements. (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. 257 Maricopa County Demographic and Economic Statistics Last Ten Fiscal Years Fiscal Year 2004-05 2005-06 2006-07 2007-08 2008-09 County 4.1% 3.6% 2.9% 4.3% 8.0% State 4.7% 4.2% 3.4% 4.8% 8.7% United States 5.0% 4.6% 4.5% 5.5% 9.5% Unemployment Rate (June 30,) Population/Income Statistics Income $ 120,716,738,000 $134,339,487,000 $139,665,253,000 $ 145,880,680,000 3,638,481 3,792,675 3,907,492 3,987,942 Population Per Capita $ 33,178 $ 35,421(1)$ 35,743(1) $ $ 146,898,132,000 4,115,811 36,580(1) $ 35,691(1) Fiscal Year 2009-10 2010-11 2011-12 2012-13 2013-14 Unemployment Rate (June 30,) County State United States 9.6%(1) 8.9%(1) 7.5%(1) 7.1% 6.4% 10.5%(1) 9.5%(1) 8.4%(1) 8.0% 6.9% 9.2% 8.2% 7.6% 6.1% 9.5% Population/Income Statistics Income $ 140,351,646,000(1) $ 147,724,392,000 Population Per Capita 4,023,132 $ 34,886(1) $ $ 156,763,179,000(2) $160,497,824,000(2) 3,817,117 38,701 3,884,705(2) $ 40,354(2) 3,933,712 (3) 3,944,859 40,801(2) Source: Workforce Informer Arizona at www.workforce.az.gov for unemployment rate and population. U.S. Department of Commerce Bureau of Economic Analysis for income data. (1) Data was adjusted in fiscal year 2013. (2) Data was adjusted in fiscal year 2014. (3) Income and per capita estimates were not yet available for fiscal year 2014. 258 (3) Maricopa County Principal Employers Current Year and Nine Years Ago 2014 2005 Percentage of Employer Employees Rank Total County Employment Percentage of Employees Rank Total County Employment State of Arizona 49,278 1 2.72% 49,147 1 2.85% Wal-Mart Stores, Inc. 32,169 2 1.77% 19,510 2 1.13% Banner Health Systems 25,270 3 1.39% 14,447 4 0.84% City of Phoenix 14,983 4 0.83% 13,617 5 0.79% Wells Fargo & Company 14,713 5 0.81% 11,000 8 0.64% Maricopa County 12,698 6 0.70% 15,218 3 0.88% Arizona State University 12,222 7 0.67% 10,530 9 0.61% Intel Corp. 11,900 8 0.66% JPMorgan Chase & Co. 11,042 9 0.61% Bank of America 11,000 10 0.61% Honeywell International Inc. 12,000 6 0.70% U.S. Postal Services 11,406 7 0.66% 9,646 10 0.56% Basha’s Family of Stores Total for Principal Employers Total Employment in Maricopa County 195,275 10.77% 1,813,869 166,521 9.66% 1,723,600 As of June 30 Source: Greater Phoenix Economic Council at www.gpec.org for major employers. Workforce Informer Arizona at www.workforce.az.gov for total employed in Maricopa County. Difference in number of employees reported on this report for Maricopa County and the next report is due to the next report using budgeted full time employees. 259 Maricopa County Budgeted Full-time Equivalent County Employees by Function/Program Last Ten Fiscal Years Fiscal Year Function/Program 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 Board of Supervisors 24 22 24 27 25 25 26 27 27 Call Center 33 33 33 33 33 27 27 27 27 27 County Assessor 321 331 358 365 361 322 323 329 324 320 County Manager 13 21 26 20 13 27 30 31 26 18 Elections 54 54 58 58 58 54 54 54 52 52 301 263 264 271 232 182 184 194 125 136 Finance 42 44 56 56 49 40 41 43 44 35 Workforce Management & Development 51 55 53 17 52 47 44 43 116 46 Enterprise Technology 63 109 109 117 142 119 111 133 165 169 Internal Audit 15 15 20 20 20 17 17 17 19 19 Management and Budget 21 32 35 27 33 32 31 29 31 19 Materials Management 35 35 37 37 37 34 34 34 39 39 140 81 83 177 92 82 82 81 95 89 Recorder 70 80 84 84 85 63 63 63 62 62 Employee Health Initiatives 26 23 24 30 28 24 20 19 28 26 Treasurer 59 59 63 64 47 41 49 52 55 53 General Government Facilities Management Other General Government 27 Deputy County Manager 13 Assistant County Manager 12 Public Safety Adult Probation 1,153 1,193 1,237 1,249 1,246 1,050 1,065 1,072 1,071 1,100 710 743 772 776 768 679 680 674 671 675 30 30 31 31 32 30 35 35 36 36 990 992 1,037 1,033 1,023 977 887 918 945 936 1,965 2,071 2,206 2,291 2,280 2,167 2,176 2,204 2,248 2,271 15 15 15 15 14 14 13 14 14 15 227 208 209 196 189 185 190 192 254 252 Juvenile Probation 1,012 966 951 957 902 758 752 733 708 693 Medical Examiner 66 70 73 91 91 76 77 78 86 87 159 190 214 205 177 102 104 111 113 77 34 36 36 36 35 33 33 41 41 41 3,214 3,558 3,835 3,850 3,810 3,695 3,607 3,588 3,602 3,689 381 348 368 471 456 404 453 463 474 477 Clerk of Superior Court Constables County Attorney Court System Emergency Management Flood Control Planning & Development Public Fiduciary Sheriff Correctional Health Deputy County Manager 40 Assistant County Manager 4 Highways and Streets Transportation 479 477 484 515 513 522 510 490 417 416 Air Quality N/A 131 164 165 257 205 180 143 141 141 Animal Control 144 149 158 156 167 168 168 169 165 165 Environmental Services 303 197 205 307 271 265 276 284 286 293 Human Services Other Health, Welfare and Sanitation 461 463 471 461 435 342 397 385 380 364 40 41 50 7 7 9 9 12 10 11 Public Health 557 575 587 556 533 508 577 614 602 613 Solid Waste 12 13 18 23 29 31 31 29 28 23 Health, Welfare and Sanitation Assistant County Manager 2 Culture and Recreation Library District Parks and Recreation Stadium District 147 150 150 161 161 168 172 171 171 165 86 88 90 92 90 85 85 86 84 83 5 5 5 5 5 3 5 5 5 5 32 33 33 40 37 35 47 60 111 134 13,490 13,999 14,726 15,091 14,835 13,647 13,665 13,747 13,898 13,970 Education Education Service Source: County Management and Budget Department 260 Maricopa County Operating Indicators by Function/Program Last Ten Fiscal Years Fiscal Year Function/Program 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 General Government County Assessor Number of parcels assessed 1,361,695 1,339,473 1,494,585 1,533,026 1,543,998 1,543,998 1,546,229 1,546,690 1,547,609 1,549,513 Elections Registered voters 1,573,606 1,475,218 1,529,223 1,588,186 1,834,377 1,820,851 1,919,175 1,868,255 1,915,531 1,973,543 Number voting (1) 1,211,963 899,484 899,484 1,380,571 1,380,571 1,380,571 1,004,125 1,004,125 1,390,836 1,390,836 Public Safety Adult Probation Probationers (including absconders) 28,631 30,631 31,405 30,617 30,666 31,160 31,093 30,660 29,684 28,704 Community service hours 891,897 813,931(2) 680,989 517,816 586,723 407,628 327,894 299,018 290,650 365,718 Collections $28,417,533 $32,078,615 $31,078,450 $29,590,772 $28,690,912 $26,396,659 $28,899,021 $28,442,000 $27,415,557 $27,337,265 County Attorney Adult felony filings 34,480 39,654 38,694 N/A (3) N/A (3) N/A (3) N/A (3) N/A (3) 31,902 33,889 Juvenile filings 9,557 13,752 14,401 N/A (3) N/A (3) N/A (3) N/A (3) N/A (3) 21,488 9,751 Flood Control District Linear miles of watercourses delineated N/A (3) 260 282 342 204 60 22 10 0 0 Presentation, consultation requests completed 26 39 30 965 160 121 153 209 673 697 Square miles of watershed studies completed 1,238 1,994 503 631 411 619 324 1,221 59 105 Drainage complaint investigations conducted <30 days N/A (3) 149 140 141 319 155 73 57 128 142 Justice Courts Annual new filings 375,944 379,496(2) 412,558 435,744 725,654(5) 827,383 835,882 353,588 335,860 262,024 Total non-jury trials commenced 34,615 17,630 4,079 5,467 3,626 2,511 2,713 2,918 2,975 3,480 Total jury trials commenced 49 218(2) 495 754 120 110 108 60 83 606 Juvenile Probation Population under 18 yrs old 914,182 932,466 951,049 1,110,894 1,133,112 1,155,774 1,007,861 1,026,014 1,028,018 1,048,579 Juveniles brought to detention 9,782 10,029 10,491 10,444 10,327 9,707 8,639 8,263(6) 7,227 6,698 Average detention length (days) 19 19 17 14 13 13 14 13(6) 15 14 Superior Court Annual Case Filings 154,996(4) 157,956(4) 162,856 177,892 190,330 192,303 222,137 203,670 202,545 204,578 Public Health Certified copies of birth or death certificates 286,124 311,980 324,777 354,316 374,678 365,671 292,162 270,648 270,266 257,152 Number of immunizations 222,100 308,493 235,573 279,778 275,724 229,251 157,894 138,596 132,330 127,417 Cases of communicable diseases investigated 3,121 2,867 3,031 8,795 9,671 11,728 10,853 10,501(6) 10,179 11,512 Culture and Recreation Library District Number of items circulated 3,716,554 4,271,158 4,531,500 5,911,180 7,179,520 7,481,836 7,507,016 7,792,398 8,079,755 8,264,133 Number of library cards issued 58,118 57,732 52,652 64,648 62,973 57,757 48,410 46,374 40,521 43,020 Number of print, media and electronic items 887,682 986,390 736,061 826,458 828,188 790,723 719,534 639,131 660,044 671,036 Education Superintendent of Schools School districts in Maricopa County 57 58 58 58 58 58 58 58 58 58 Home Schooled students 11,592 8,249 9,517 9,790 9,737 10,017 9,874 9,804 10,930 11,595 Private School students 25,793 27,585 27,606 29,283 19,213 20,215 18,098 16,958 19,579 18,395 (1) November general election data used for two fiscal-year time span (i.e., fiscal-year of election date and fiscal year immediately prior to election). (2) Data updated in fiscal year 2007. (3) Information unavailable for fiscal year. (4) Data was adjusted during fiscal year 2005. (5) Significant increase due to photo enforcement. (6) Data was adjusted during fiscal year 2013. Note: Indicators for Highways and Streets is not available. Source: Managing for Results – Strategic Plans and Performance. 261 Maricopa County Capital Asset Statistics by Function/Program Last Ten Fiscal Years Fiscal Year Function/Program 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 General Government Facilities Management Number of buildings owned by Facilities(1) Number of buildings maintained by Facilities 353 353 26 177 177 177 26 175 27 34 25 25 28 27 167 160 178 194 196 198 Public Safety Flood Control District 297 310 318 324 333 338 339 347 350 354 Justice Courts Operating alert stations 23 23 23 23 25 25 25 25 26 26 Juvenile Courts 2 2 2 2 2 2 2 2 2 2 10,062 10,062 9,562 9,562 11,509 11,509 11,509 11,509 11,149 11,149 6 6 6 6 6 6 6 6 6 6 Miles of Road 5,555 5,557 5,205 5,420 5,232 5,284 5,267 5,244 5,383 5,386 Miles of road with paved surfaces 4,503 4,514 4,255 4,491 4,334 4,397 4,448 4,429 4,570 4,573 28 27 27 23 22 22 21 20 20 20 299 290 293 286 276 278 278 273 279 279 3 3 3 2 2 2 2 2 2 2 Number of public health facilities 2 2 2 2 2 2 2 2 2 20 Number of WIC facilities 2 2 2 2 2 2 2 2 2 15 6 6 6 6 6 6 6 6 6 6 Sheriff Inmate beds available (incl. portable) Number of jail facilities Highways and Streets Transportation Number of major bridges Number of total bridges Health, Welfare and Sanitation Animal Care and Control Number of animal shelters Public Health Solid Waste Management Number of transfer stations Culture and Recreation Library District Number of facilities owned 2 3 2 2 2 2 3 3 3 3 10 10 13 13 15 14 14 14 14 14 2 1 1 1 0 0 0 0 0 0 Regional county parks 9 9 9 9 9 9 9 9 9 9 County managed golf courses 3 3 3 3 3 3 3 3 3 Facilities operated Bookmobiles Parks and Recreation Total acres managed Conservation areas 119,261 118,754 119,185 119,257 119,257 119,257 119,257 119,257 119,257 3 119,257 1 1 1 1 1 1 1 1 2 1 1 1 1 1 1 1 1 1 1 1 Stadium District Major league baseball field (1) The number of Facilities Management owned buildings decreased significantly from fiscal year 2006 as various buildings were transferred from Facilities Management to the respective County department. Source: Various County Agencies. Note: Indicators for Education are not available. 262