FY 2003/04 REPORT
OF
INDEBTEDNESS
Janet Napolitano
Governor
J. Elliott Hibbs
Director,
Arizona Department of Revenue

December 2004

EXECUTIVE SUMMARY
Outstanding bonded indebtedness as of June 30, 2004 in Arizona, as reported by cities and towns,
counties, community colleges, school districts, state agencies, universities, special districts and
other political subdivisions was $24.108 billion. This figure represents principal only; no interest is
included in the $24.108 billion total. In FY 2002/03, the total bonded indebtedness reported for the
political subdivisions referenced above was $21.651 billion. (Industrial Development Authority debt
is not included in these totals.)
Throughout FY 2003/04, $5.103 billion in new debt was reported by Arizona political subdivisions.
Of the $5.103 billion in new debt, $1.588 billion was directly attributed to refunding of old debt.
Since refunding bonds basically replace old issues, there is no double counting of old and new
issues in the political subdivision summary tables or the executive summary of this report.
However, refunding bonds are included in the “New Issue” section of this report.
PER CENT OF NEW DEBT (INCLUDING NEW REFUNDING BONDS) BY COUNTY

APA
0.4%

COCO
1.2%

MOH
2.2%

NAV
3.9%

STATE
AGENCIES/
OTHER
35.2%

YAV
0.9%
LP
0.2%

GILA
0.0%

MAR
40.7
PIN
1.5%

YUMA
0.5%
PIMA
1.3%

GRE
0.0%
GRA
0.0%

COCH
0.1%

SC
0.2%

According to reports submitted, all Arizona political subdivisions were within their constitutional debt
limit at the end of the fiscal year with one exception. Hayden-Winkelman USD in Gila County has
bonded indebtedness which exceeds their debt capacity at the close of FY2003/04 due to a decline
in their net assessed valuations. The aggregate debt limit for all political subdivisions reporting
general obligation debt during the fiscal year (regardless of the debt limit percentage set by the
Arizona Constitution) was $30.325 billion. The total amount outstanding was $6.727 billion.

BONDED INDEBTEDNESS REPORTED BY POLITICAL SUBDIVISIONS FOR FY2004 AND
FY2003

$9,000.0

FY2004
FY2003

$8,000.0
$7,000.0
$6,000.0
$5,000.0
millions
$4,000.0
$3,000.0
$2,000.0
$1,000.0
$0.0
Counties

Cities/Towns

Community
Colleges

School Districts Special Districts State Agencies

Other

The change in the level of bonded indebtedness between years can be due to better reporting on
behalf of political subdivisions or increases due to those who are issuing debt for the first time.
Based on the information provided, this report provides an accurate representation of the
outstanding indebtedness of the state as reported by political subdivisions. In FY 2003/04, 394
political subdivisions reported bonded indebtedness out of the 896 that submitted reports. In FY
2002/03, 400 political subdivisions reported bonded indebtedness out of the 854 that submitted
reports. Even with this information, it is important to examine the detail contained in this book to
understand the changes in levels of bonded indebtedness from year to year.
Outstanding lease purchases and third party contracts totaled $570.6 million for all reporting
subdivisions in FY 2003/04. There were 337 political subdivisions and agencies reporting these
types of contracts. (There were 580 political subdivisions and agencies that reported no lease
purchase or third party contracts in FY 2003/04.) In FY 2002/03, $512.0 million in outstanding
lease purchase and third party contracts was reported by 311 political subdivisions and agencies.
(There were 479 reporting no lease purchase or third party contracts.). Reporting by the political
subdivisions and state agencies from year to year can be inconsistent. Conclusions from the
comparison between the two fiscal years should be made only after carefully examining the detail
contained in this report.

TOTAL LEASE PURCHASE AND THIRD PARTY CONTRACT DEBT FOR POLITICAL
SUBDIVISIONS AND STATE AGENCES IN FISCAL YEAR 2004 AND 2003
$200.0
$180.0

FY2004
FY2003

$160.0
$140.0
$120.0

Million
$100.0
$80.0
$60.0
$40.0
$20.0

Y um a

Y avapai

S tate A gencies/O ther

S anta C ruz

P inal

P im a

N avajo

M ohave

M aricopa

La P az

G reenlee

G raham

G ila

C oconino

C ochise

A pache

$0.0

A summary of debt and security obligations of Arizona political subdivisions is presented in the
following table. Each type of political subdivision is grouped within the county in which it is located.
County governments are only responsible for debt listed specifically as "County" obligations. Other
jurisdictions are aggregated within the county boundaries for convenience and analysis purposes
only.
This table provides a quick reference tool when attempting to research the outstanding
indebtedness of political subdivisions. Each schedule shows the original principal of all outstanding
bonds within the political subdivision, reports on total principal retired and/or refunded through FY
2003/04 and the new outstanding indebtedness at the end of the fiscal year. (Remember that there
is no interest included in any of these figures.) The numbers in these schedules are provided by
the political subdivisions pursuant to A.R.S. § 35-501 and 502.

FISCAL YEAR 2004 EXECUTIVE SUMMARY
OF OUTSTANDING INDEBTEDNESS
LOCATION
ORIGINAL PRINCIPAL

JURISDICTION

PRINCIPAL RETIRED
THROUGH FY 2004*

PRINCIPAL REFUNDED
THROUGH FY 2004*

OUTSTANDING PRINCIPAL
AS OF JUNE 30, 2004

Apache County
City
County

$4,793,348
$21,600,000

$943,117
$8,500,000

$0
$5,650,000

$3,850,231
$7,450,000

School District

$31,440,000

$4,925,000

$0

$26,515,000

Special District

$2,720,000

$1,208,000

$0

$1,512,000

$5,650,000

$39,327,231

$38,079,531

Total Bonded Indebtedness for all Jurisdictions in Apache
$15,576,117
Cochise County
City

$54,600,369

$12,610,838

$3,910,000

$3,000,000

$1,720,000

$0

$1,280,000

County
School District

$9,500,000
$62,570,000

$250,000
$24,855,000

$0
$5,680,000

$9,250,000
$32,035,000

Special District

$60,495,000

$22,140,000

$0

$38,355,000

$9,590,000

$118,999,531

$11,115,000
$0

$114,554,870
$22,295,000

Community College

Total Bonded Indebtedness for all Jurisdictions in Cochise
$61,575,838
Coconino County
City
Community College

$155,543,416
$25,000,000

County
School District
Special District

$29,873,546
$2,705,000

$30,650,000

$8,710,000

$0

$21,940,000

$112,390,000
$247,798,755

$40,690,000
$12,178,681

$3,970,000
$12,850,000

$67,730,000
$222,770,074

$27,935,000

$449,289,944

Total Bonded Indebtedness for all Jurisdictions in Coconino
$94,157,227
Gila County
City

$8,582,000

$3,424,154

$0

$5,157,846

County
School District

$3,245,000
$33,775,000

$830,000
$7,990,000

$0
$10,460,000

$2,415,000
$15,325,000

Special District

$1,885,300

$1,647,762

$0

$237,538

$10,460,000

$23,135,384

$4,190,865
$0

$630,000
$0

$16,654,135
$0

$0

$0

$0

$0

$16,800,000
$0

$7,175,000
$0

$0
$0

$9,625,000
$0

$630,000

$26,279,135

Total Bonded Indebtedness for all Jurisdictions in Gila
$13,891,916
Graham County
City
Community College
County
School District
Special District

$21,475,000
$0

Total Bonded Indebtedness for all Jurisdictions in Graham
$11,365,865

*These figures represent total principal retired and refunded since the date of issuance.
Outstanding bonded indebtedness for Industrial Development Authorities is listed in Section Three of this report.

FISCAL YEAR 2004 EXECUTIVE SUMMARY
OF OUTSTANDING INDEBTEDNESS
LOCATION
ORIGINAL PRINCIPAL

JURISDICTION

PRINCIPAL RETIRED
THROUGH FY 2004*

PRINCIPAL REFUNDED
THROUGH FY 2004*

OUTSTANDING PRINCIPAL
AS OF JUNE 30, 2004

Greenlee County
City
County

$1,245,000
$2,750,000

$398,270
$1,560,000

$0
$0

$846,730
$1,190,000

School District

$9,660,000

Special District

$0

$4,940,000

$0

$4,720,000

$0

$0

$0

$0

$6,756,730

$11,263,489

Total Bonded Indebtedness for all Jurisdictions in Greenlee
$6,898,270
La Paz County
City
County
School District
Special District

$14,097,500

$2,834,011

$0

$4,200,000

$855,000

$0

$3,345,000

$13,435,000
$4,564,710

$3,815,000
$1,173,708

$0
$0

$9,620,000
$3,391,002

$0

$27,619,491

Total Bonded Indebtedness for all Jurisdictions in La Paz
$8,677,719
Maricopa County
City

$10,492,217,584

$1,615,253,152

$2,002,562,030

$6,874,402,402

$509,020,000
$210,525,000

$141,380,000
$64,180,548

$104,195,000
$10,074,452

$263,445,000
$136,270,000

School District

$5,214,774,000

$950,041,088

$1,478,554,912

$2,786,178,000

Special District

$548,281,674

$112,809,691

$0

$435,471,983

$3,595,386,394

$10,495,767,385

Community College
County

Total Bonded Indebtedness for all Jurisdictions in Maricopa
$2,883,664,479
Mohave County
City

$145,737,894

$57,496,261

$13,040,000

$75,201,633

$12,130,000

$455,000

$0

$11,675,000

County
School District

$15,200,000
$147,982,000

$7,365,000
$41,592,000

$0
$37,400,000

$7,835,000
$68,990,000

Special District

$39,064,607

$10,285,164

$0

$28,779,443

$117,193,425

$50,440,000

$192,481,076

$14,969,405
$9,915,000

$0
$8,470,000

$29,389,595
$8,640,000

Community College

Total Bonded Indebtedness for all Jurisdictions in Mohave

Navajo County
City
Community College
County
School District
Special District

$44,359,000
$27,025,000
$7,320,000

$890,000

$0

$6,430,000

$81,295,000
$190,006,544

$21,645,000
$6,442,901

$15,305,000
$0

$44,345,000
$183,563,643

$23,775,000

$272,368,238

Total Bonded Indebtedness for all Jurisdictions in Navajo
$53,862,306

*These figures represent total principal retired and refunded since the date of issuance.
Outstanding bonded indebtedness for Industrial Development Authorities is listed in Section Three of this report.

FISCAL YEAR 2004 EXECUTIVE SUMMARY
OF OUTSTANDING INDEBTEDNESS
LOCATION
ORIGINAL PRINCIPAL

JURISDICTION

PRINCIPAL RETIRED
THROUGH FY 2004*

PRINCIPAL REFUNDED
THROUGH FY 2004*

OUTSTANDING PRINCIPAL
AS OF JUNE 30, 2004

Pima County
City
Community College
County
School District
Special District

$1,367,156,087
$165,680,000

$163,194,000
$73,035,000

$228,281,650
$5,100,000

$975,680,437
$87,545,000

$739,008,569
$1,276,015,000
$228,140,000

$222,259,000

$36,800,000

$479,949,569

$270,315,000
$40,297,000

$401,740,028
$0

$603,959,972
$187,843,000

$671,921,678

$2,334,977,978

Total Bonded Indebtedness for all Jurisdictions in Pima
$769,100,000
Pinal County
City

$54,268,898

$18,509,187

$0

$35,759,711

Community College
County

$33,430,000
$42,440,000

$2,200,000
$6,065,000

$365,000
$0

$30,865,000
$36,375,000

School District

$142,978,465

$21,108,465

$24,270,000

$97,600,000

Special District

$87,787,379

$24,703,953

$4,245,000

$58,838,426

$72,586,605

$28,880,000

$259,438,137

$32,972,758

$3,775,446

$10,475,000

$18,722,312

$5,415,000

$4,375,000

$0

$1,040,000

$26,790,000
$291,000

$8,050,000
$291,000

$1,140,000
$0

$17,600,000
$0

$16,491,446

$11,615,000

$37,362,312

Total Bonded Indebtedness for all Jurisdictions in Pinal

Santa Cruz County
City
County
School District
Special District

Total Bonded Indebtedness for all Jurisdictions in Santa Cruz

Statewide District
Other

$6,366,469,936

$1,066,447,261

$2,075,915,500

$3,224,107,176

State Agency or University

$8,964,546,436

$1,930,900,000

$623,745,000

$6,409,901,436

$2,699,660,500

$9,634,008,612

Total Bonded Indebtedness for all Jurisdictions in Statewide District
$2,997,347,261
Yavapai County
City

$203,493,281

$47,369,223

$8,823,000

$147,301,058

$58,630,000

$11,510,000

$0

$47,120,000

County
School District

$9,000,000
$121,595,000

$2,625,000
$35,645,000

$0
$29,700,000

$6,375,000
$56,250,000

Special District

$71,873,039

$9,464,970

$850,000

$61,558,069

$39,373,000

$318,604,127

Community College

Total Bonded Indebtedness for all Jurisdictions in Yavapai
$106,614,193

*These figures represent total principal retired and refunded since the date of issuance.
Outstanding bonded indebtedness for Industrial Development Authorities is listed in Section Three of this report.

FISCAL YEAR 2004 EXECUTIVE SUMMARY
OF OUTSTANDING INDEBTEDNESS
LOCATION
ORIGINAL PRINCIPAL

JURISDICTION

PRINCIPAL RETIRED
THROUGH FY 2004*

PRINCIPAL REFUNDED
THROUGH FY 2004*

OUTSTANDING PRINCIPAL
AS OF JUNE 30, 2004

Yuma County
City
Community College

$186,259,920
$27,200,000

$16,064,200
$8,605,000

$7,250,000
$9,845,000

$162,945,720
$8,750,000

County

$28,805,000

$4,390,000

$0

$24,415,000

School District
Special District

$85,505,000
$30,041,192

$19,005,000
$7,664,167

$17,390,000
$0

$49,110,000
$22,377,025

$55,728,367

$34,485,000

$267,597,745

$7,284,731,034

$7,209,801,572

$24,504,013,056

Total Bonded Indebtedness for all Jurisdictions in Yuma

GRAND TOTAL

$38,998,545,661

*These figures represent total principal retired and refunded since the date of issuance.
Outstanding bonded indebtedness for Industrial Development Authorities is listed in Section Three of this report.

TABLE OF CONTENTS

INTRODUCTION
INTRODUCTION ....................................................................................................................Page 1

SECTION ONE – BONDED INDEBTEDNESS
COUNTIES ..........................................................................................................................Page 5
Table 1 County Indebtedness....................................................................................Page 7
CITIES/TOWNS...................................................................................................................Page 9
Table 2 City/Town Indebtedness .............................................................................Page 13
COMMUNITY COLLEGES................................................................................................Page 25
Table 3 Community College Indebtedness..............................................................Page 27
SCHOOL DISTRICT..........................................................................................................Page 29
Table 4 Apache County School District Indebtedness ............................................Page 33
Table 5 Cochise County School District Indebtedness............................................Page 35
Table 6 Coconino County School District Indebtedness .........................................Page 38
Table 7 Gila County School District Indebtedness ..................................................Page 40
Table 8 Graham County School District Indebtedness............................................Page 41
Table 9 Greenlee County School District Indebtedness..........................................Page 42
Table 10 La Paz County School District Indebtedness ...........................................Page 43
Table 11 Maricopa County School District Indebtedness........................................Page 44
Table 12 Mohave County School District Indebtedness..........................................Page 51
Table 13 Navajo County School District Indebtedness ...........................................Page 53
Table 14 Pima County School District Indebtedness ..............................................Page 55
Table 15 Pinal County School District Indebtedness...............................................Page 57
Table 16 Santa Cruz County School District Indebtedness.....................................Page 59
Table 17 Yavapai County School District Indebtedness..........................................Page 60
Table 18 Yuma County School District Indebtedness .............................................Page 63
Table 19 Outstanding Bonded Indebtedness by School District .............................Page 65
SPECIAL DISTRICTS .......................................................................................................Page 69
Table 20 Apache County Special District Indebtedness..........................................Page 71
Table 21 Cochise County Special District Indebtedness.........................................Page 73
Table 22 Coconino County Special District Indebtedness.......................................Page 75
Table 23 Gila County Special District Indebtedness ...............................................Page 78
Table 24 Graham County Special District Indebtedness.........................................Page 80
Table 25 Greenlee County Special District Indebtedness .......................................Page 81
Table 26 La Paz County Special District Indebtedness...........................................Page 82
Table 27 Maricopa County Special District Indebtedness .......................................Page 83
Table 28 Mohave County Special District Indebtedness .........................................Page 91
Table 29 Navajo County Special District Indebtedness...........................................Page 94
Table 30 Pima County Special District Indebtedness..............................................Page 98

TABLE OF CONTENTS
Table 31 Pinal County Special District Indebtedness............................................Page 101
Table 32 Santa Cruz County Special District Indebtedness..................................Page 105
Table 33 Yavapai County Special District Indebtedness.......................................Page 106
Table 34 Yuma County Special District Indebtedness ..........................................Page 109
STATE AGENCIES AND UNIVERSITIES ......................................................................Page 111
Table 35 State Agency and University Indebtedness............................................Page 113
OTHER JURISDICTIONS ...............................................................................................Page 121
Table 36 Other Jurisdictions’ Indebtedness ..........................................................Page 123

SECTION TWO – NEW ISSUES
FY 2003/04 NEW ISSUES..................................................................................................Page 127
Table 37 County Indebtedness..............................................................................Page 131
Table 38 City/Town Indebtedness .........................................................................Page 132
Table 39 Community College Indebtedness..........................................................Page 134
Table 40 School District Indebtedness ..................................................................Page 135
Table 41 Special District Indebtedness .................................................................Page 137
Table 42 Industrial Development Authority Indebtedness .....................................Page 138
Table 43 State Agency, Universities and Other Indebtedness..............................Page 140

SECTION THREE – INDUSTRIAL DEVELOPMENT AUTHORITIES
INDUSTRIAL DEVELOPMENT AUTHORITIES ................................................................Page 143
Table 44 County Industrial Development Authorities’ Indebtedness.....................Page 145
Table 45 City/Town Industrial Development Authorities’ Indebtedness ................Page 146

SECTION FOUR – LEASE PURCHASES
LEASE PURCHASES/THIRD PARTY FINANCING CONTRACTS ..................................Page 151
Table 46 Lease Purchase/Third Party Financing Contracts ..................................Page 153
Table 47 Jurisdictions reporting No Lease Purchase/Third Party Financing.........Page 164

SECTION FIVE – NON REPORTING POLITICAL SUBDIVISIONS
Table 48 Jurisdictions Who Failed to Submit Bond Reports .................................Page 183
Table 49 Jurisdictions Who Failed to Submit Lease Purchase Reports................Page 186

INTRODUCTION
In compliance with A.R.S. § 35-501 and § 35502, this report is a compilation of bonded
indebtedness reported for the fiscal year July
1, 2003 through June 30, 2004(hereafter
referred to as FY 2003/04), by the state,
political subdivisions within the state or their
statutory agents. A.R.S. § 35-501 states, in
part:
"The department of revenue shall
ascertain and record in its office all
issues of bonds or other securities
issued for a term in excess of one
year by the state or a county, city,
town, school district, irrigation
district or other political subdivision
within the state."
The statute also requires that the record will
show the date of issuance, amount,
denomination, rates of interest, maturity, etc.,
plus other information the department may
require.
In addition, the statutes require that the
department collect reports upon the issuance
of new bonds and securities. These reports
must contain information about the par
amount, interest, repayment schedule,
source of repayment, issue price and
premium or discount, issuance costs,
outstanding
indebtedness,
and
the
constitutional and statutory limitations on the
issuance of new debt. A.R.S. § 35-502.A
states,
"The state treasurer and the
governing body of the county, city,
town, district or other political
subdivision shall make such reports
to the department of revenue as the
department requires relating to the
issuance of the bonds and securities
provided by § 35-501..."
Failure to comply is a class 2 misdemeanor,
pursuant to paragraph B of the same section
and jurisdictions in violation may not issue
further indebtedness.

This report is divided into five main sections:
a summary of outstanding debt by
jurisdiction; new debt issued during FY
2003/04;
debt
issued
by
industrial
development authorities (IDAs); lease
purchase and third party financing contracts
reported by political subdivisions; and a
summary of non reporters. Tables containing
detailed data for each section are provided at
the end of each section. None of the
figures provided within this report
contains
any
interest
or
interest
payments.
Section One of this report provides
information for counties, cities and towns,
community colleges, school districts, special
districts, state agencies, universities and
other entities. This includes information on
general obligation bonds, revenue bonds,
special assessment or special district bonds,
certificates
of
participation,
municipal
property corporation debt and debt
limitations. The data presented, which is as
complete and accurate as the records
submitted
by
the
reporting
political
subdivisions, includes outstanding debt of
$24.504 billion.
Section Two provides information on new
debt issued during FY 2003/04.
This
information is summarized for counties,
cities/towns, community colleges, school
districts,
special
districts,
industrial
development
authorities,
agencies
universities and other entities. Highlights are
provided for each sub-section. Copies of the
forms used to report new debt, as provided
by all jurisdictions in accordance with the
above law, are available upon request.
Section Three provides a detailed analysis of
Industrial Development Authority (IDA) debt
collected through FY 2003/04. It is debatable
as to whether these political subdivisions
should be included in state debt totals since
IDAs act as a conduit for financing special
projects and their debt is not the ultimate
responsibility of the state. For this reason

they are not included in the Executive
Summary of this report.

electric light or power systems, water or
sewer systems or stadiums.

Section Four provides a summary of the
Lease
Purchase/Third
Party
Contract
information collected for FY 2003/04. While
the Department has always attempted to
collect information about Certificates of
Participation, because they are clearly
specified in A.R.S. §35-501, reporting of
Lease Purchases by the political subdivisions
has not been entirely comprehensive. The
guiding principal behind collecting this
information is the reference to “…other
securities issued with a term in excess of one
year…” The data presented is as complete
and accurate as the records submitted by the
reporting political subdivisions.

Special Assessment or Special District bonds
fund projects that generally benefit a specific
group of property owners within an
established geographic area or "district".
They are secured by assessments (or taxes)
that are levied against property located within
the district.

Section Five lists political subdivisions that
failed to submit a Report of Bonded
Indebtedness or Lease Purchase/Third Party
Financing Report for FY 2003/04.
TYPES OF BONDED INDEBTEDNESS
General Obligation bonds are secured by the
issuer's general taxing power (typically
property taxes). These bonds are usually
subject to a constitutional debt limit and may
necessitate voter approval.
The various
constitutional debt limits for general
obligation bonds are determined by
multiplying the net secondary assessed value
of taxable property in the issuing jurisdiction
by the percentage set out in the Arizona
Constitution (Article IX, Sections 8 and 8.1).
In this report, the net secondary assessed
value used to calculated debt limitations was
from the 2002 Property Tax Rates and
Assessed Values, issued by the Arizona Tax
Research Foundation.
Revenue bonds are secured by a specific,
identified revenue source, typically nonproperty tax revenue. These sources include
excise taxes, rents or fees (including tuition)
or other revenues, in some instances paid by
the users of the project being funded by the
bonds. These bonds may not require voter
approval and are not subject to constitutional
debt limits.
Projects financed through
revenue bonds include street and highway
construction or improvements, university
capital projects, housing authority projects,

Municipal Property Corporation bonds are
issued by non-profit corporations acting on
behalf of a political subdivision of this state.
These bonds are used as a financing tool to
build or acquire projects that are then leased
back to the political subdivision. Typically,
the lease revenues received by the non-profit
corporation are used to secure the bonds.
Lease payments may in turn be secured by a
revenue stream of the political subdivision.
Because the bonds are issued by the nonprofit corporation, they are typically not
considered debt of the political subdivision
and are not subject to the constitutional debt
limits.
Certificates of Participation are generally
proportional shares in annually appropriated
long-term leases. Generally, these leases
are subject to cancellation by the issuing
political subdivision if the annual payments
are not appropriated. As a result, the leases
are not considered long-term debt and are
not subject to the constitutional debt limits.
LEASE PURCHASES/THIRD PARTY
CONTRACTS
Lease purchases and third party contracts
are not bonded indebtedness. Information
on these obligations has been requested by
the department and included because of the
language in A.R.S. § 35-501, shown on the
first page of the Introduction to this report,
which states "other securities issued for a
term in excess of one year...” No lease
purchases or third party contracts with terms
of less than one year are included here.
All figures and information contained in this
report have been reviewed by the Debt
Oversight Commission, as established by
A.R.S. § 35-504.

Return to Table of Contents

SECTION ONE

FY 2003/04 BONDED INDEBTEDNESS BY POLITICAL
SUBDIVISION

COUNTIES
County debt is debt that is the ultimate
responsibility of the county. Under this
definition, special assessment or special
district debt issued by an independent
political subdivision but reported by the
county is not included here.
Fourteen
counties have reported outstanding debt
totaling $744.3 million at the end of FY
2003/04. Detail of the outstanding debt
reported by the counties can be found in
Table 1. Four types of debt have been
reported:
⇓
$256.3 million in general obligation
debt, reported by four counties;
⇓
$364.6 million in revenue bonds,
reported by three counties;
⇓
$77.1 million in certificates of
participation, reported by eight counties; and

COUNTY:
Santa Cruz
Graham

Please note that the outstanding balances
listed in the report should reflect all
indebtedness as of June 30, 2004.
However, the year-end balances should
reflect any July 1, 2004 payments if the
payment amount has been deposited into a
dedicated fund for the payment of principal.
GENERAL OBLIGATION DEBT
Apache, Maricopa, Pima and Santa Cruz
Counties reported general obligation debt,
subject to the 15% county debt limitation.
Each of these counties was within their
constitutional debt limitation, as shown
below and on Table 1 in the appendix of this
report.
COUNTY:

⇓
$46.4 million in municipal property
corporation debt, reported by five counties.
During FY 2003/04, $114.2 million of
outstanding principal was retired or refunded
by counties. Graham was the only county
reporting no debt.
The following table lists debt by county, from
most debt to least debt. This table does not
allow for any kind of determination as to
whether a county has heavy or light debt; it
is simply a rank order from highest to
smallest.
COUNTY:
Pima
Maricopa
Pinal
Yuma
Coconino
Cochise
Mohave
Apache
Navajo
Yavapai
La Paz
Gila
Greenlee

OUTSTANDING DEBT
$479,949,569
$136,270,000
$36,375,000
$24,415,000
$21,940,000
$9,250,000
$7,835,000
$7,450,000
$6,430,000
$6,375,000
$3,345,000
$2,415,000
$1,190,000

OUTSTANDING DEBT
$1,040,000
$0

Apache
Maricopa
Pima
Santa Cruz

DEBT
LIMITATION
$45,760,809
$4,121,698,129
$783,190,650
$36,945,508

DEBT
$3,000,000
$20,165,000
$232,105,000
$1,040,000

% OF DEBT
LIMIT USED
6.6%
0.4%
29.6%
2.8%

REVENUE BONDS
Maricopa, Pima and Yavapai Counties have
outstanding revenue bonds, which are
considered county debt but are not subject
to a limitation. Maricopa County revenue
bonds are to purchase leased property.
Pima County revenue bonds are for sewer
system improvements and street and
highway improvements. Yavapai County
revenue bonds are for roads.
The
outstanding balance in revenue bonds at the
end of FY 2003/04 was $364.6 million, after
payments totaling $47.2 million during the
fiscal year.
CERTIFICATES OF PARTICIPATION
Apache, Cochise, Coconino, La Paz County,
Maricopa, Mohave, Pima and Yuma
Counties
reported
certificates
of
participation. The outstanding balance in
certificates of participation at the end of FY
2003/04 was $77.1 million, after retiring and
refunding $22.6 million during the fiscal
year.

MUNICIPAL PROPERTY CORPORATION
DEBT
Gila, Greenlee, Navajo, Pima and Pinal
Counties have reported municipal property
corporation debt. The outstanding balance
at the end of FY 2003/04 was $46.4 million.
A total of $3.5 million in principal was retired
and refunded during the fiscal year.
PER CAPITA DEBT
One method of determining the level of debt
in relation to the other counties is dividing
total outstanding debt by the population of
the county. High per capita debt is neither
good nor bad; it is simply a comparative tool
to describe how the county compares to
others. Using this measure, Pima County
has the most debt per capita, as can be
seen on the following table.

COUNTY:
Pima
Pinal
Coconino
La Paz
Yuma
Greenlee
Apache
Cochise
Navajo
Mohave
Gila
Maricopa
Yavapai
Santa Cruz
Graham

PER CAPITA DEBT
$526.87
$180.46
$170.18
$161.48
$139.48
$138.45
$105.49
$73.32
$61.95
$45.87
$45.09
$40.12
$34.11
$25.43
$0

The population measure used to calculate
per capita debt is the July 1, 2003
Department of Economic Security estimate.

Return to Table of Contents

TABLE 1
COUNTY FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
COUNTY NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

15% DEBT LIMIT

15% DEBT LIMIT
USED

$45,760,809

$3,000,000

$4,121,698,129

$20,165,000

Apache
Certificate of Participation
General Obligation
Totals for Apache

2
2
4

$15,600,000
$6,000,000
$21,600,000

$5,150,000
$2,600,000
$7,750,000

$6,000,000
$400,000
$6,400,000

$4,450,000
$3,000,000
$7,450,000

Certificate of Participation
Totals for Cochise

1
1

$9,500,000
$9,500,000

$0
$0

$250,000
$250,000

$9,250,000
$9,250,000

Certificate of Participation
Totals for Coconino

2
2

$30,650,000
$30,650,000

$6,950,000
$6,950,000

$1,760,000
$1,760,000

$21,940,000
$21,940,000

Municipal Property Corp
Totals for Gila

1
1

$3,245,000
$3,245,000

$660,000
$660,000

$170,000
$170,000

$2,415,000
$2,415,000

Totals for Graham

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Municipal Property Corp
Totals for Greenlee

1
1

$2,750,000
$2,750,000

$1,295,000
$1,295,000

$265,000
$265,000

$1,190,000
$1,190,000

Certificate of Participation
Totals for La Paz

2
2

$4,200,000
$4,200,000

$165,000
$165,000

$690,000
$690,000

$3,345,000
$3,345,000

Certificate of Participation
General Obligation
Revenue
Totals for Maricopa

5
1
2
8

$48,625,000
$20,165,000
$141,735,000
$210,525,000

$31,876,548
$0
$31,495,000
$63,371,548

$10,883,452
$0
$0
$10,883,452

$5,865,000
$20,165,000
$110,240,000
$136,270,000

Certificate of Participation
Totals for Mohave

2
2

$15,200,000
$15,200,000

$6,595,000
$6,595,000

$770,000
$770,000

$7,835,000
$7,835,000

Municipal Property Corp
Totals for Navajo

1
1

$7,320,000
$7,320,000

$650,000
$650,000

$240,000
$240,000

$6,430,000
$6,430,000

Cochise

Coconino

Gila

Graham

Greenlee

La Paz

Maricopa

Mohave

Navajo

TABLE 1
COUNTY FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
COUNTY NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

15% DEBT LIMIT

15% DEBT LIMIT
USED

$783,190,650

$232,105,000

$36,945,508

$1,040,000

Pima
Certificate of Participation
General Obligation
Municipal Property Corp
Revenue
Totals for Pima

1
9
1

$18,515,000
$366,670,000
$3,650,000

$16,955,000
$94,515,000
$3,155,000

$1,560,000
$40,050,000
$495,000

$0
$232,105,000
$0

15
26

$350,173,569
$739,008,569

$57,574,000
$172,199,000

$44,755,000
$86,860,000

$247,844,569
$479,949,569

Municipal Property Corp
Totals for Pinal

2
2

$42,440,000
$42,440,000

$3,765,000
$3,765,000

$2,300,000
$2,300,000

$36,375,000
$36,375,000

General Obligation
Totals for Santa Cruz

1
1

$5,415,000
$5,415,000

$3,895,000
$3,895,000

$480,000
$480,000

$1,040,000
$1,040,000

Revenue
Totals for Yavapai

1
1

$9,000,000
$9,000,000

$187,500
$187,500

$2,437,500
$2,437,500

$6,375,000
$6,375,000

Certificate of Participation
Totals for Yuma

4
4

$28,805,000
$28,805,000

$3,690,000
$3,690,000

$700,000
$700,000

$24,415,000
$24,415,000

Certificate of Participation
General Obligation
Municipal Property Corp
Revenue

19
13
6
18

$171,095,000
$398,250,000
$59,405,000
$500,908,569

$71,381,548
$101,010,000
$9,525,000
$89,256,500

$22,613,452
$40,930,000
$3,470,000
$47,192,500

$77,100,000
$256,310,000
$46,410,000
$364,459,569

Grand Totals:

56

$1,129,658,569

$271,173,048

$114,205,952

$744,279,569

Pinal

Santa Cruz

Yavapai

Yuma

Return to Table of Contents

CITIES/TOWNS
City and town bonded indebtedness consists
of general obligation bonds, revenue bonds,
special district or special assessment bond
issues (for which the city or town has, at
least, contingent liability), certificates of
participation and debt issued on behalf of
the city or town by municipal property
corporations. As of June 30, 2004, these
types of outstanding debt totaled $8.510
billion for cities and towns, a 12% increase
from the $7.605 billion reported for FY 2003.
Of the 88 incorporated cities and towns in
Arizona, 73 had at least one of these types
of debt outstanding at the end of the FY
2004, 14 reported no debt, and 1 failed to
submit a report.
Detail of the outstanding indebtedness of
Cities and Towns, in alphabetical order, can
be found in Table 2 in the Appendix. The
cities and towns reported the following
outstanding bonded indebtedness as of
June 30, 2004:
⇓
$2.746 billion in general obligation
debt, reported by 34 cities and towns;
⇓
$3.635 billion in revenue bonds,
reported by 61 cities and towns;
⇓
$61.3 million in special assessment
debt1, reported by 19 cities and towns;
⇓
$140 million in certificates of
participation, reported by 11 cities and
towns; and
⇓
$1.928 billion in debt issued through
municipal property corporations, reported by
40 cities and towns.
During FY 2004, 31 municipalities issued 67
new bond issues totaling $1.386 billion. Of
all the cities and towns with outstanding
debt, Phoenix has the most with $3.726
1Actually, this is city improvement district
debt, authorized in Title 48. For purposes of
this report, special district, special
assessment and improvement district debt is
combined.

billion while Miami has the least with
$66,846.
Mammoth, which did not submit a FY 2004
report, had outstanding debt of $78,000 at
the close of FY 2003.
Nine municipalities with outstanding debt in
excess of $150 million account for 89% of all
outstanding debt.
CITY/TOWN
OUTSTANDING DEBT
Phoenix
$3,725,554,540
Tucson
$860,150,437
Mesa
$820,308,000
Scottsdale
$654,539,232
Glendale
$470,294,401
Chandler
$283,375,571
Tempe
$280,525,000
Gilbert
$180,020,000
Yuma
$160,023,520
Peoria
$158,122,302
Avondale
$83,397,258
Flagstaff
$77,712,585
Oro Valley
$77,260,000
Sedona
$64,487,773
Surprise
$58,153,867
Goodyear
$53,015,165
Bullhead City
$49,197,970
Prescott Valley
$47,712,000
Tolleson
$33,380,000
Marana
$31,410,000
Fountain Hills
$27,386,139
Sierra Vista
$27,239,167
Prescott
$24,832,647
Page
$21,095,000
Nogales
$18,369,805
El Mirage
$16,630,000
Safford
$15,951,802
Williams
$14,119,615
Lake Havasu City
$13,345,000
Kingman
$12,222,663
Winslow
$12,039,809
Cave Creek
$11,111,911
Apache Junction
$10,545,000
Cottonwood
$9,170,000
Florence
$9,100,000
Eloy
$8,959,530

CITY/TOWN
OUTSTANDING DEBT
Quartzsite
$8,723,489
Paradise Valley
$7,560,000
South Tucson
$6,860,000
Holbrook
$5,560,786
Show Low
$5,400,000
Payson
$5,091,000
Douglas
$4,510,000
Snowflake
$4,213,000
Coolidge
$4,173,563
Buckeye
$4,135,000
Guadalupe
$3,445,000
Queen Creek
$3,293,783
Eagar
$3,104,855
San Luis
$2,922,200
Bisbee
$2,915,128
Parker
$2,540,000
Willcox
$1,838,236
Fredonia
$1,627,670
Pinetop-Lakeside
$1,555,000
Superior
$1,170,000
Kearny
$1,126,618
Huachuca City
$967,000
Clarkdale
$810,000
Duncan
$746,730
Casa Grande
$685,000
Taylor
$621,000
Tombstone
$610,000
Springerville
$589,331
Thatcher
$507,333
Colorado City
$436,000
Patagonia
$352,507
Jerome
$288,638
Pima
$195,000
St. Johns
$156,045
Wickenburg
$155,233
Clifton
$100,000
Miami
$66,846
Benson
$0
Camp Verde
$0
Carefree
$0
Chino Valley
$0
Gila Bend
$0
Globe
$0
Hayden
$0
Litchfield Park
$0
Maricopa
$0
Sahuarita
$0
Somerton
$0
Wellton
$0
Winkelman
$0
Youngtown
$0

CITY/TOWN
Mammoth

OUTSTANDING DEBT
Unknown

Please note that the outstanding balances
listed in the report should reflect all
indebtedness as of June 30, 2004.
However, the year-end balances will reflect
any July 1, 2004 payments, if the payment
amount has been deposited into a dedicated
fund for the payment of the principal.

GENERAL OBLIGATION DEBT
Total outstanding general obligation debt of
Arizona's cities and towns as of June 30,
2004 was $2.746 billion, or 32.3% of all
outstanding debt. General obligation debt
was reported by 34 of the 88 incorporated
cities. General obligation debt issued by a
city or town is subject to either the 6% or
20% of ad valorem valuation constitutional
debt limit, dependent upon the purpose of
the debt. Article IX, § 8, paragraph 1 of the
Arizona Constitution states:
"...that any incorporated city or town,
with such assent, may be allowed to
become indebted to a larger
amount, but not exceeding twenty
per centum additional, for supplying
such city or town with water, artificial
light, or sewers, when the works for
supplying such water, light or
sewers are or shall be owned and
controlled by the municipality, and
for the acquisition and development
by the incorporated city or town of
land or interests therein for open
space preserves, playgrounds and
recreational facilities."
City debt is being measured against debt
limits, which may be restricted due to prior
issue of Capital Appreciation Bonds. The
restriction occurs only when a refunding
Capital Appreciation bond issued prior to
March 31, 1996 created debt capacity that
was then used by subsequent bond issues.
If such bonds have been paid off, no
restriction exists. If such bonds have not yet
been paid off, the restriction will be reduced
as premium is paid off. No cities that
reported general obligation debt exceeded
their constitutional debt limits for FY 2003.
Cities retired and refunded $317.2 million in
outstanding general obligation principal
during the fiscal year. Cities with general

obligation debt in excess of $150 million, in
order of most to least debt, are: Phoenix,
Scottsdale, Tucson, Tempe, Mesa, and
Glendale.
No cities that reported general obligation
debt exceeded their constitutional debt limits
in FY 2003/04, as shown in the chart below.
CITY
Avondale
Buckeye
Cave Creek

DEBT
LIMITATION
$42,450,412
$14,749,045

DEBT

% OF DEBT
LIMIT USED
$18,775,000
44.2%
$1,405,000
9.5%

$22,766,125

$6,235,000

37.4%

$425,977,742

$117,782,571

27.6%

$1,335,930

$100,000

7.5%

$20,224,541

$1,085,000

5.4%

$469,851

$14,000

3%

$3,869,832

$81,552

2.1%

El Mirage

$21,039,411

$4,855,000

23.1%

Flagstaff

$120,707,050

$26,784,064

22.2%

$84,080,160

$11,110,000

13.2%

Chandler
Clifton
Cottonwood
Duncan
Eagar

Fountain Hills
Gilbert

$235,661,214

$83,045,000

35.2%

Glendale

$280,804,302

$159,110,000

56.7%

Goodyear

$68,805,942

$30,395,000

44.2%

Holbrook

$4,801,181

$125,000

2.6%

Huachuca City

$1,398,912

$16,000

1.1%

Kearny

$1,370,825

$31,000

2.3%

Kingman
Mesa

$65,222,988

$1,840,000

2.8%

$640,608,341

$190,935,000

29.8%

Payson

$39,814,793

$1,641,000

4.1%

Peoria

$195,111,597

$55,905,000

28.7%

Phoenix

$2,545,968,988

$1,119,493,139

44%

Prescott

$106,954,852

$11,590,000

10.8%

San Luis

$6,744,032

$36,000

0.5%

$1,033,635,742

$394,750,000

38.2%

Scottsdale
Springerville

$1,872,475

$589,331

31.5%

Surprise

$91,524,546

$4,353,867

4.8%

Tempe

$438,997,628

$195,375,000

44.5%

Tolleson

$30,389,524

$24,820,000

81.7%

Tombstone

$2,177,897

$18,000

0.8%

Tucson

$631,051,441

$273,944,070

43.4%

Willcox

$4,289,345

$115,000

2.7%

Williams

$7,763,324

$50,000

0.6%

$83,882,116

$9,575,000

11.4%

Yuma

REVENUE BONDS
Total outstanding debt from revenue bonds
as of June 30, 2004 was $3.635 billion, or

43% of total outstanding debt. There were
61 cities and towns with revenue bonds.
Cities retired and refunded $383.8 million in
principal in the fiscal year. The cities with
revenue bond debt in excess of $150 million,
in order of most to least debt, are: Phoenix,
Mesa, Tucson, Scottsdale, Chandler, and
Glendale.
SPECIAL DISTRICT/SPECIAL
ASSESSMENT BONDS
Special district or special assessment bonds
are issued by a city or town for
improvements in a subsection of the city or
town. Eighteen cities and towns reported
special district or special assessment debt
totaling $61.3 million, or 1% of total
outstanding debt.
Cities retired and refunded $41 million in
special assessment principal in FY 2004.
The four cities with outstanding special
assessment debt in excess of $5 million, in
order of most to least debt, are: Bullhead
City, Scottsdale, Gilbert, and Prescott
Valley.
CERTIFICATES OF PARTICIPATION
Eleven cities and towns reported certificates
of participation with total outstanding
principal on June 30, 2004 of $140 million,
or 1.6% of total debt. A total of $45.7 million
in principal was retired and refunded in the
fiscal year. The four cities with certificates
of participation debt in excess of $10 million,
in order of most to least debt, are: Tucson,
Phoenix, Chandler, and El Mirage.
MUNICIPAL PROPERTY CORPORATION
DEBT
Municipal property corporation debt was
reported in 36 cities and towns for FY 2004,
with an outstanding balance at the end of
the fiscal year of $1.928 billion.
This
represents 22.7% of total outstanding debt.
Cities retired and refunded $161 million in
the fiscal year. Outstanding debt amounts
ranged from $1.211 billion for Phoenix to
$305,665 for Bisbee.
PER CAPITA DEBT
One method of comparing the level of debt
in relation to other cities and towns is per
capita debt, dividing total outstanding debt
by the population. High per capita debt is
neither good nor bad; it is simply a tool to
show how much debt the city or town has at

a given point in time in comparison with
other cities or towns.
CITY/TOWN
Tolleson
Sedona
Williams
Scottsdale
Page
Phoenix
Cave Creek
Quartzsite
Oro Valley
Glendale
Yuma
Mesa
Tempe
Prescott Valley
Goodyear
Safford
Tucson
Avondale
Marana
Fredonia
Bullhead City
Chandler
Flagstaff
Winslow
Peoria
Fountain Hills
South Tucson
Gilbert
Surprise
Holbrook
Duncan
Cottonwood
Snowflake
Jerome
Nogales
Eloy
Parker
Eagar
Sierra Vista
El Mirage
Prescott
Guadalupe
Show Low
Kingman
Paradise Valley
Florence
Huachuca City

PER CAPITA DEBT
$6,164.36
$6,026.89
$4,852.10
$3,008.61
$2,950.35
$2,684.76
$2,677.57
$2,547.00
$2,075.49
$2,039.35
$1,920.36
$1,889.17
$1,757.51
$1,750.58
$1,750.25
$1,695.20
$1,671.09
$1,546.54
$1,524.76
$1,473.00
$1,375.78
$1,359.44
$1,273.35
$1,270.69
$1,250.87
$1,238.91
$1,236.04
$1,189.90
$1,127.34
$1,045.26
$905.13
$895.51
$893.53
$874.66
$864.87
$830.35
$788.82
$749.96
$673.74
$656.53
$650.41
$646.34
$614.68
$538.68
$531.83
$531.23
$528.42

CITY/TOWN
PER CAPITA DEBT
Coolidge
$512.41
Kearny
$499.61
Willcox
$477.46
Bisbee
$457.99
Queen Creek
$440.35
Pinetop-Lakeside
$401.29
Patagonia
$385.25
Tombstone
$384.86
Superior
$356.16
Payson
$343.52
Buckeye
$317.34
Apache Junction
$306.54
Springerville
$296.15
Lake Havasu City
$273.86
Douglas
$268.37
Clarkdale
$225.31
Taylor
$165.60
San Luis
$148.00
Thatcher
$120.22
Colorado City
$112.08
Pima
$94.89
St. Johns
$43.65
Clifton
$38.61
Miami
$34.02
Wickenburg
$27.31
Casa Grande
$23.05
Benson
$0.00
Camp Verde
$0.00
Carefree
$0.00
Chino Valley
$0.00
Gila Bend
$0.00
Globe
$0.00
Hayden
$0.00
Litchfield Park
$0.00
Maricopa
$0.00
Sahuarita
$0.00
Somerton
$0.00
Wellton
$0.00
Winkelman
$0.00
Youngtown
$0.00
Mammoth
Unknown
The population measure used to calculate
per capita debt is from the Department of
Economic Security Population Estimates, as
of July 31, 2003

Return to Table of Contents

TABLE 2
CITY/TOWN FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
CITY NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

6% DEBT LIMIT

6% DEBT LIMIT
USED

20% DEBT LIMIT

20% DEBT LIMIT
USED

Apache Junction
1
1
2

$9,965,000
$6,665,000
$16,630,000

$4,315,000
$0
$4,315,000

$980,000
$790,000
$1,770,000

$4,670,000
$5,875,000
$10,545,000

5
12
17

$20,940,000
$81,543,200
$102,483,200

$1,278,000
$11,102,948
$12,380,948

$887,000
$5,817,994
$6,704,994

$18,775,000
$64,622,258
$83,397,258

Totals for Benson

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Municipal Property Corp
Revenue
Totals for Bisbee

2
1
3

$657,056
$2,609,463
$3,266,519

$192,504
$0
$192,504

$158,887
$0
$158,887

$305,665
$2,609,463
$2,915,128

General Obligation
Revenue
Totals for Buckeye

1
2
3

$2,545,000
$3,645,000
$6,190,000

$735,000
$815,000
$1,550,000

$405,000
$100,000
$505,000

$1,405,000
$2,730,000
$4,135,000

Municipal Property Corp
Revenue
Special Assessment
Totals for Bullhead City

3
2

$37,145,000
$23,732,388

$8,950,000
$6,947,291

$3,985,000
$2,027,127

$24,210,000
$14,757,970

4
9

$19,680,000
$80,557,388

$8,285,000
$24,182,291

$1,165,000
$7,177,127

$10,230,000
$49,197,970

Totals for Camp Verde

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Totals for Carefree

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Municipal Property Corp
Revenue
Totals for Apache Junction
Avondale
General Obligation
Revenue
Totals for Avondale

$12,735,124

$6,910,000

$42,450,412

$11,865,000

$3,403,626

$0

$11,345,419

$1,405,000

Benson

Bisbee

Buckeye

Bullhead City

Camp Verde

Carefree

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

TABLE 2
CITY/TOWN FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
CITY NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

6% DEBT LIMIT

6% DEBT LIMIT
USED

20% DEBT LIMIT

20% DEBT LIMIT
USED

Casa Grande
1
1

$1,030,000
$1,030,000

$250,000
$250,000

$95,000
$95,000

$685,000
$685,000

3
1
1
1
6

$2,955,000
$6,675,000
$2,700,000
$810,000
$13,140,000

$240,000
$215,000
$605,412
$230,000
$1,290,412

$140,000
$225,000
$132,677
$240,000
$737,677

$2,575,000
$6,235,000
$1,961,911
$340,000
$11,111,911

2
27
27

$20,150,000
$147,485,000
$215,765,000

$9,115,000
$20,210,000
$49,925,000

$825,000
$9,492,429
$11,900,000

$10,210,000
$117,782,571
$153,940,000

2
58

$1,905,000
$385,305,000

$357,500
$79,607,500

$104,500
$22,321,929

$1,443,000
$283,375,571

Totals for Chino Valley

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Municipal Property Corp
Revenue
Totals for Clarkdale

1
1
2

$400,000
$665,000
$1,065,000

$0
$240,000
$240,000

$0
$15,000
$15,000

$400,000
$410,000
$810,000

General Obligation
Totals for Clifton

1
1

$295,000
$295,000

$180,000
$180,000

$15,000
$15,000

$100,000
$100,000

Revenue
Totals for Colorado City

2
2

$1,437,000
$1,437,000

$813,000
$813,000

$188,000
$188,000

$436,000
$436,000

Certificates of Participation
Revenue
Totals for Coolidge

1
1
2

$3,795,000
$600,000
$4,395,000

$0
$87,479
$87,479

$110,000
$23,958
$133,958

$3,685,000
$488,563
$4,173,563

Special Assessment
Totals for Casa Grande
Cave Creek
Certificates of Participation
General Obligation
Revenue
Special Assessment
Totals for Cave Creek

$5,253,721

$0

$17,512,404

$6,235,000

$98,302,556

$41,367,571

$327,675,186

$76,415,000

$308,292

$0

$1,027,638

$100,000

Chandler
Certificates of Participation
General Obligation
Revenue
Special Assessment
Totals for Chandler
Chino Valley

Clarkdale

Clifton

Colorado City

Coolidge

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

TABLE 2
CITY/TOWN FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
CITY NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

6% DEBT LIMIT

$4,667,202

6% DEBT LIMIT
USED

20% DEBT LIMIT

20% DEBT LIMIT
USED

$1,085,000

$15,557,339

$0

Cottonwood
General Obligation
Municipal Property Corp
Revenue
Totals for Cottonwood

2
1

$2,700,000
$2,910,000

$1,525,000
$1,830,000

$90,000
$250,000

$1,085,000
$830,000

5
8

$18,938,000
$24,548,000

$9,973,000
$13,328,000

$1,710,000
$2,050,000

$7,255,000
$9,170,000

Municipal Property Corp
Revenue
Totals for Douglas

1
2
3

$4,165,000
$6,000,000
$10,165,000

$0
$1,485,000
$1,485,000

$0
$4,170,000
$4,170,000

$4,165,000
$345,000
$4,510,000

General Obligation
Revenue
Totals for Duncan

1
1
2

$150,000
$800,000
$950,000

$123,000
$57,814
$180,814

$13,000
$9,456
$22,456

$14,000
$732,730
$746,730

$108,427

$0

$361,424

$14,000

General Obligation
Revenue
Totals for Eagar

2
3
5

$395,000
$3,377,303
$3,772,303

$286,448
$331,000
$617,448

$27,000
$23,000
$50,000

$81,552
$3,023,303
$3,104,855

$893,038

$81,552

$2,976,794

$0

Certificates of Participation
General Obligation
Revenue
Totals for El Mirage

2
1
2
5

$19,725,000
$4,855,000
$2,325,000
$26,905,000

$8,960,000
$0
$535,000
$9,495,000

$565,000
$0
$215,000
$780,000

$10,200,000
$4,855,000
$1,575,000
$16,630,000

$4,855,249

$0

$16,184,162

$4,855,000

Municipal Property Corp
Revenue
Totals for Eloy

3
5
8

$7,805,000
$8,968,280
$16,773,280

$4,055,000
$617,049
$4,672,049

$389,000
$2,752,701
$3,141,701

$3,361,000
$5,598,530
$8,959,530

General Obligation
Municipal Property Corp
Revenue
Special Assessment
Totals for Flagstaff

9
2
4
1
16

$51,624,064
$29,700,000
$27,730,760
$1,525,000
$110,579,824

$12,465,000
$255,000
$3,205,705
$1,135,000
$17,060,705

$12,375,000
$1,275,000
$1,966,534
$190,000
$15,806,534

$26,784,064
$28,170,000
$22,558,521
$200,000
$77,712,585

$27,855,473

$2,555,000

$92,851,577

$24,229,064

Douglas

Duncan

Eagar

El Mirage

Eloy

Flagstaff

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

TABLE 2
CITY/TOWN FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
CITY NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

6% DEBT LIMIT

6% DEBT LIMIT
USED

20% DEBT LIMIT

20% DEBT LIMIT
USED

Florence
1
3
4

$2,495,000
$8,925,000
$11,420,000

$1,000,000
$1,045,000
$2,045,000

$185,000
$90,000
$275,000

$1,310,000
$7,790,000
$9,100,000

4
1
2
3
10

$13,555,000
$4,680,000
$8,825,000
$4,937,276
$31,997,276

$1,690,000
$450,000
$905,000
$155,911
$3,200,911

$755,000
$150,000
$365,000
$140,226
$1,410,226

$11,110,000
$4,080,000
$7,555,000
$4,641,139
$27,386,139

Revenue
Totals for Fredonia

4
4

$1,888,592
$1,888,592

$197,664
$197,664

$63,258
$63,258

$1,627,670
$1,627,670

Totals for Gila Bend

0
0

$0
$0

$0
$0

$0
$0

$0
$0

General Obligation
Municipal Property Corp
Revenue
Special Assessment
Totals for Gilbert

6
2
6
3
17

$124,050,000
$63,665,000
$68,705,000
$32,425,000
$288,845,000

$32,365,000
$11,365,000
$6,165,000
$21,730,000
$71,625,000

$8,640,000
$1,475,000
$25,085,000
$2,000,000
$37,200,000

General Obligation
Municipal Property Corp
Revenue

8
4
9
3
24

$233,455,000
$172,870,000
$207,086,708
$21,624,000
$635,035,708

$62,910,000
$3,520,000
$41,008,893
$9,588,000
$117,026,893

0
0

$0
$0

$0
$0

Certificates of Participation
Revenue
Totals for Florence
Fountain Hills
General Obligation
Municipal Property Corp
Revenue
Special Assessment
Totals for Fountain Hills

$19,403,114

$4,735,000

$64,677,046

$6,375,000

$83,045,000
$50,825,000
$37,455,000
$8,695,000
$180,020,000

$54,383,357

$47,970,000

$181,277,857

$35,075,000

$11,435,000
$9,530,000
$14,822,414
$11,927,000
$47,714,414

$159,110,000
$159,820,000
$151,255,401
$109,000
$470,294,401

$64,800,993

$56,565,000

$216,003,309

$102,545,000

$0
$0

$0
$0

Fredonia

Gila Bend

Gilbert

Glendale

Special Assessment
Totals for Glendale
Globe
Totals for Globe

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

TABLE 2
CITY/TOWN FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
CITY NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

6% DEBT LIMIT

$15,878,294

6% DEBT LIMIT
USED

20% DEBT LIMIT

20% DEBT LIMIT
USED

$10,695,000

$52,927,648

$19,700,000

Goodyear
14
1

$34,970,000
$4,265,000

$3,590,000
$345,000

$985,000
$135,000

$30,395,000
$3,785,000

5
20

$22,304,551
$61,539,551

$2,470,655
$6,405,655

$998,731
$2,118,731

$18,835,165
$53,015,165

Revenue
Totals for Guadalupe

1
1

$3,445,000
$3,445,000

$0
$0

$0
$0

$3,445,000
$3,445,000

Totals for Hayden

0
0

$0
$0

$0
$0

$0
$0

$0
$0

General Obligation
Revenue
Totals for Holbrook

1
3
4

$600,000
$6,380,000
$6,980,000

$435,000
$680,800
$1,115,800

$40,000
$263,414
$303,414

$125,000
$5,435,786
$5,560,786

$1,107,965

$0

$3,693,216

$125,000

General Obligation
Municipal Property Corp
Revenue
Totals for Huachuca City

1
1
1
3

$50,000
$1,795,000
$550,000
$2,395,000

$32,000
$850,000
$309,000
$1,191,000

$2,000
$235,000
$0
$237,000

$16,000
$710,000
$241,000
$967,000

$322,826

$16,000

$1,076,086

$0

Revenue
Totals for Jerome

1
1

$300,000
$300,000

$5,556
$5,556

$5,806
$5,806

$288,638
$288,638

1
3
4

$100,000
$2,005,618
$2,105,618

$64,000
$796,000
$860,000

$5,000
$114,000
$119,000

$31,000
$1,095,618
$1,126,618

$316,344

$0

$1,054,481

$31,000

General Obligation
Municipal Property Corp
Revenue
Totals for Goodyear
Guadalupe

Hayden

Holbrook

Huachuca City

Jerome

Kearny
General Obligation
Revenue
Totals for Kearny

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

TABLE 2
CITY/TOWN FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
CITY NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

6% DEBT LIMIT

$15,051,459

$147,832,694

6% DEBT LIMIT
USED

20% DEBT LIMIT

20% DEBT LIMIT
USED

$1,840,000

$50,171,529

$0

$102,715,000

$492,775,647

$88,220,000

Kingman
1
1

$3,900,000
$4,455,000

$1,760,000
$1,465,000

$300,000
$170,000

$1,840,000
$2,820,000

1
7
10

$7,000,000
$7,723,506
$23,078,506

$3,131,129
$3,344,785
$9,700,914

$374,634
$310,295
$1,154,929

$3,494,237
$4,068,426
$12,222,663

Municipal Property Corp
Revenue
Totals for Lake Havasu City

1
1
2

$26,530,000
$14,135,000
$40,665,000

$24,105,000
$590,000
$24,695,000

$2,425,000
$200,000
$2,625,000

$0
$13,345,000
$13,345,000

Totals for Litchfield Park

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Municipal Property Corp
Totals for Marana

3
3

$37,875,000
$37,875,000

$5,065,000
$5,065,000

$1,400,000
$1,400,000

$31,410,000
$31,410,000

Totals for Maricopa

0
0

$0
$0

$0
$0

$0
$0

$0
$0

11
3

$327,690,000
$63,545,000

$79,700,000
$32,775,000

$57,055,000
$3,900,000

$190,935,000
$26,870,000

23
3
40

$888,675,000
$841,771
$1,280,751,771

$219,115,000
$708,771
$332,298,771

$67,105,000
$85,000
$128,145,000

$602,455,000
$48,000
$820,308,000

1
1

$400,000
$400,000

$310,154
$310,154

$23,000
$23,000

$66,846
$66,846

General Obligation
Municipal Property Corp
Revenue
Special Assessment
Totals for Kingman
Lake Havasu City

Litchfield Park

Marana

Maricopa

Mesa
General Obligation
Municipal Property Corp
Revenue
Special Assessment
Totals for Mesa
Miami
Revenue
Totals for Miami

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

TABLE 2
CITY/TOWN FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
CITY NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

6% DEBT LIMIT

6% DEBT LIMIT
USED

20% DEBT LIMIT

20% DEBT LIMIT
USED

$30,626,764

$1,641,000

Nogales
3
3

$18,545,000
$13,167,776

$1,265,000
$2,462,070

$3,460,000
$6,512,901

$13,820,000
$4,192,805

1
7

$761,000
$32,473,776

$330,000
$4,057,070

$74,000
$10,046,901

$357,000
$18,369,805

1
7
2
10

$5,125,000
$89,840,000
$9,350,000
$104,315,000

$955,000
$2,935,000
$2,745,000
$6,635,000

$3,560,000
$11,290,000
$5,570,000
$20,420,000

$610,000
$75,615,000
$1,035,000
$77,260,000

3
3

$25,505,000
$25,505,000

$3,695,000
$3,695,000

$715,000
$715,000

$21,095,000
$21,095,000

Municipal Property Corp
Totals for Paradise Valley

1
1

$9,170,000
$9,170,000

$1,250,000
$1,250,000

$360,000
$360,000

$7,560,000
$7,560,000

Municipal Property Corp
Revenue
Totals for Parker

1
1
2

$150,000
$4,000,000
$4,150,000

$120,000
$1,205,000
$1,325,000

$30,000
$255,000
$285,000

$0
$2,540,000
$2,540,000

Revenue
Totals for Patagonia

3
3

$498,982
$498,982

$47,425
$47,425

$99,050
$99,050

$352,507
$352,507

2
3
1
6

$2,890,000
$3,150,000
$2,142,000
$8,182,000

$1,094,000
$1,065,000
$552,000
$2,711,000

$155,000
$85,000
$140,000
$380,000

$1,641,000
$2,000,000
$1,450,000
$5,091,000

Municipal Property Corp
Revenue
Special Assessment
Totals for Nogales
Oro Valley
Certificates of Participation
Municipal Property Corp
Revenue
Totals for Oro Valley
Page
Municipal Property Corp
Totals for Page
Paradise Valley

Parker

Patagonia

Payson
General Obligation
Revenue
Special Assessment
Totals for Payson

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

$9,188,029

$0

TABLE 2
CITY/TOWN FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
CITY NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

6% DEBT LIMIT

$45,025,753

6% DEBT LIMIT
USED

20% DEBT LIMIT

20% DEBT LIMIT
USED

$16,925,000

$150,085,844

$38,980,000

$587,531,305

$376,240,000

$1,958,437,683

$743,253,139

$24,681,889

$11,590,000

$82,272,963

$0

Peoria
General Obligation
Municipal Property Corp
Revenue
Totals for Peoria

8
1

$76,660,000
$25,015,000

$12,875,000
$0

$7,880,000
$2,310,000

$55,905,000
$22,705,000

9
18

$104,439,870
$206,114,870

$20,178,002
$33,053,002

$4,749,566
$14,939,566

$79,512,302
$158,122,302

Certificates of Participation
General Obligation
Municipal Property Corp
Revenue
Special Assessment
Totals for Phoenix

3
25
21
31
6
86

$61,520,000
$1,962,275,838
$1,786,025,000
$1,964,725,920
$18,012,495
$5,792,559,253

$5,600,000
$727,095,761
$521,940,000
$537,330,000
$10,082,426
$1,802,048,187

$20,455,000
$115,686,938
$53,330,000
$72,165,000
$3,319,588
$264,956,526

$35,465,000
$1,119,493,139
$1,210,755,000
$1,355,230,920
$4,610,481
$3,725,554,540

1
1

$575,000
$575,000

$350,000
$350,000

$30,000
$30,000

$195,000
$195,000

Municipal Property Corp
Totals for Pinetop-Lakeside

1
1

$2,120,000
$2,120,000

$445,000
$445,000

$120,000
$120,000

$1,555,000
$1,555,000

General Obligation
Municipal Property Corp
Special Assessment
Totals for Prescott

1
2
6
9

$15,895,000
$14,155,000
$4,840,281
$34,890,281

$3,165,000
$3,655,000
$872,528
$7,692,528

$1,140,000
$900,000
$325,106
$2,365,106

$11,590,000
$9,600,000
$3,642,647
$24,832,647

Special Assessment
Totals for Prescott Valley

5
1
3
9

$38,495,000
$10,545,000
$14,905,000
$63,945,000

$1,735,000
$0
$4,910,000
$6,645,000

$6,140,000
$355,000
$3,093,000
$9,588,000

$30,620,000
$10,190,000
$6,902,000
$47,712,000

Municipal Property Corp
Revenue
Totals for Quartzsite

6
2
8

$6,227,500
$3,720,000
$9,947,500

$810,376
$195,391
$1,005,767

$127,099
$91,145
$218,244

$5,290,025
$3,433,464
$8,723,489

Phoenix

Pima
Revenue
Totals for Pima
Pinetop-Lakeside

Prescott

Prescott Valley
Municipal Property Corp
Revenue

Quartzsite

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

TABLE 2
CITY/TOWN FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
CITY NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

6% DEBT LIMIT

6% DEBT LIMIT
USED

20% DEBT LIMIT

20% DEBT LIMIT
USED

Queen Creek
Revenue
Totals for Queen Creek

1
1

$4,400,000
$4,400,000

$681,968
$681,968

$424,249
$424,249

$3,293,783
$3,293,783

Revenue
Totals for Safford

4
4

$18,900,000
$18,900,000

$1,600,813
$1,600,813

$1,347,385
$1,347,385

$15,951,802
$15,951,802

Totals for Sahuarita

0
0

$0
$0

$0
$0

$0
$0

$0
$0

General Obligation
Revenue
Totals for San Luis

1
3
4

$85,000
$5,145,000
$5,230,000

$45,000
$1,996,500
$2,041,500

$4,000
$262,300
$266,300

$36,000
$2,886,200
$2,922,200

$1,556,315

$0

$5,187,717

$36,000

General Obligation

14
5
15
14
48

$598,800,000
$52,770,000
$398,525,000
$57,855,000
$1,107,950,000

$160,040,000
$38,975,000
$73,060,000
$31,943,237
$304,018,237

$44,010,000
$7,885,000
$80,340,000
$17,157,531
$149,392,531

$394,750,000
$5,910,000
$245,125,000
$8,754,232
$654,539,232

$238,531,325

$74,984,600

$795,104,417

$319,765,400

Safford

Sahuarita

San Luis

Scottsdale
Municipal Property Corp
Revenue
Special Assessment
Totals for Scottsdale
Sedona
Certificates of Participation
Municipal Property Corp
Revenue
Special Assessment
Totals for Sedona

3
2

$8,110,000
$43,035,000

$945,000
$424,906

$515,000
$242,321

$6,650,000
$42,367,773

1
1
7

$25,100,000
$2,500,000
$78,745,000

$9,450,000
$1,165,000
$11,984,906

$1,325,000
$190,000
$2,272,321

$14,325,000
$1,145,000
$64,487,773

Certificates of Participation
Municipal Property Corp
Totals for Show Low

3
1
4

$11,720,000
$1,600,000
$13,320,000

$3,340,000
$0
$3,340,000

$2,980,000
$1,600,000
$4,580,000

$5,400,000
$0
$5,400,000

Show Low

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

TABLE 2
CITY/TOWN FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
CITY NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

6% DEBT LIMIT

6% DEBT LIMIT
USED

20% DEBT LIMIT

20% DEBT LIMIT
USED

Sierra Vista
Municipal Property Corp
Revenue
Totals for Sierra Vista

4
1
5

$30,685,650
$4,145,000
$34,830,650

$4,206,200
$1,640,000
$5,846,200

$1,370,283
$375,000
$1,745,283

$25,109,167
$2,130,000
$27,239,167

Revenue
Totals for Snowflake

1
1

$4,213,000
$4,213,000

$0
$0

$0
$0

$4,213,000
$4,213,000

Totals for Somerton

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Municipal Property Corp
Totals for South Tucson

3
3

$6,860,000
$6,860,000

$0
$0

$0
$0

$6,860,000
$6,860,000

General Obligation
Totals for Springerville

1
1

$865,000
$865,000

$140,000
$140,000

$135,669
$135,669

$589,331
$589,331

Revenue
Totals for St. Johns

1
1

$156,045
$156,045

$0
$0

$0
$0

$156,045
$156,045

Municipal Property Corp
Revenue
Totals for Superior

1
1
2

$1,200,000
$715,000
$1,915,000

$20,000
$625,000
$645,000

$10,000
$90,000
$100,000

$1,170,000
$0
$1,170,000

Municipal Property Corp
Totals for Surprise

3
2
5

$8,795,955
$101,980,000
$110,775,955

$3,873,217
$5,075,000
$8,948,217

$568,871
$43,105,000
$43,673,871

$4,353,867
$53,800,000
$58,153,867

Municipal Property Corp
Revenue
Totals for Taylor

1
2
3

$476,000
$1,350,000
$1,826,000

$0
$884,000
$884,000

$0
$321,000
$321,000

$476,000
$145,000
$621,000

Snowflake

Somerton

South Tucson

Springerville
$432,110

$0

$1,440,365

$589,331

$21,121,049

$0

$70,403,497

$4,353,867

St. Johns

Superior

Surprise
General Obligation

Taylor

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

TABLE 2
CITY/TOWN FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
CITY NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

6% DEBT LIMIT

6% DEBT LIMIT
USED

20% DEBT LIMIT

20% DEBT LIMIT
USED

Tempe
1
12

$5,110,000
$262,900,000

$1,775,000
$36,250,000

$495,000
$31,275,000

$2,840,000
$195,375,000

1
4
18

$1,400,000
$109,680,000
$379,090,000

$880,000
$11,885,000
$50,790,000

$120,000
$15,885,000
$47,775,000

$400,000
$81,910,000
$280,525,000

Revenue
Totals for Thatcher

1
1

$2,000,000
$2,000,000

$1,253,539
$1,253,539

$239,128
$239,128

$507,333
$507,333

General Obligation
Municipal Property Corp
Special Assessment
Totals for Tolleson

6
1
1
8

$32,990,000
$8,560,000
$670,000
$42,220,000

$3,710,000
$0
$585,000
$4,295,000

$4,460,000
$0
$85,000
$4,545,000

1
3
4

$75,000
$906,500
$981,500

$54,000
$293,500
$347,500

5
21
36
15
77

$94,655,000
$439,445,720
$677,166,874
$6,838,493
$1,218,106,087

Totals for Wellton

0
0

Revenue
Totals for Wickenburg

2
2

Certificates of Participation
General Obligation
Municipal Property Corp
Revenue
Totals for Tempe

$101,307,145

$67,195,000

$337,690,483

$128,180,000

$24,820,000
$8,560,000
$0
$33,380,000

$7,012,967

$3,840,000

$23,376,557

$20,980,000

$3,000
$21,000
$24,000

$18,000
$592,000
$610,000

$502,592

$0

$1,675,305

$18,000

$17,845,000
$157,456,650
$111,439,643
$2,283,601
$289,024,894

$15,805,000
$8,045,000
$44,554,364
$526,392
$68,930,756

$61,005,000
$273,944,070
$521,172,867
$4,028,500
$860,150,437

$145,627,256

$82,446,460

$485,424,185

$191,497,610

$0
$0

$0
$0

$0
$0

$0
$0

$4,300,000
$4,300,000

$1,129,000
$1,129,000

$3,015,767
$3,015,767

$155,233
$155,233

Thatcher

Tolleson

Tombstone
General Obligation
Revenue
Totals for Tombstone
Tucson
Certificates of Participation
General Obligation
Revenue
Special Assessment
Totals for Tucson
Wellton

Wickenburg

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

TABLE 2
CITY/TOWN FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
CITY NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

6% DEBT LIMIT

6% DEBT LIMIT
USED

20% DEBT LIMIT

20% DEBT LIMIT
USED

Willcox
General Obligation
Revenue
Totals for Willcox

1
4
5

$1,040,000
$1,921,700
$2,961,700

$820,000
$165,010
$985,010

$105,000
$33,454
$138,454

$115,000
$1,723,236
$1,838,236

$989,849

$0

$3,299,496

$115,000

General Obligation

2
1
4
7

$500,000
$5,480,000
$11,590,000
$17,570,000

$419,000
$825,000
$954,866
$2,198,866

$31,000
$940,000
$280,519
$1,251,519

$50,000
$3,715,000
$10,354,615
$14,119,615

$1,791,536

$50,000

$5,971,788

$0

Municipal Property Corp
Revenue
Totals for Williams

Totals for Winkleman

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Revenue
Totals for Winslow

5
5

$15,900,000
$15,900,000

$3,219,030
$3,219,030

$641,161
$641,161

$12,039,809
$12,039,809

Totals for Youngtown

0
0

$0
$0

$0
$0

$0
$0

$0
$0

General Obligation
Municipal Property Corp
Revenue
Totals for Yuma

2
1
4
7

$22,455,000
$34,150,000
$124,424,920
$181,029,920

$11,950,000
$0
$4,720,000
$16,670,000

$930,000
$0
$3,406,400
$4,336,400

$9,575,000
$34,150,000
$116,298,520
$160,023,520

$19,357,411

$0

$64,524,705

$9,575,000

25

$235,360,000

$49,775,000

$45,635,000

$139,950,000

General Obligation

197

$4,401,706,577

$1,338,551,076

$317,175,907

$2,745,979,594

Municipal Property Corp

105

$2,775,871,206

$687,793,986

$160,512,590

$1,927,564,630

Revenue

285

$5,172,838,450

$1,154,046,306

$383,826,093

$3,634,966,051

76

$201,025,822

$98,508,759

$41,167,638

$61,349,425

688

$12,786,802,055

$3,328,675,127

$948,317,228

$8,509,809,700

Williams

Winkleman

Winslow

Youngtown

Yuma

Certificates of Participation

Special Assessment
Grand Totals:

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

Return to Table of Contents

COMMUNITY COLLEGES
Community college bonded indebtedness
consists of general obligation debt, revenue
bonds and certificates of participation. Of
the ten community colleges, only Eastern
Arizona Community College has reported no
debt. Detail of the outstanding indebtedness
of Community Colleges can be found in
Table 3. The community colleges reported
the
following
outstanding
bonded
indebtedness as of June 30, 2004:
⇓
$399.2 million in general obligation
debt, reported by six community colleges;
⇓
$80.1 million in revenue bonds,
reported by six community colleges; and
⇓
$2.3 million in certificates of
participation, reported by two community
colleges.
During FY 2003/04, $129.6 million of
outstanding principal was retired or
refunded. The following table lists debt by
community college, from most debt to least
debt. This table does not allow for any
determination as to whether a community
college has heavy or light debt; it is only a
rank order from highest to smallest.
COMMUNITY
COLLEGE:
Maricopa
Pima
Yavapai
Central Arizona2
Coconino
Mohave
Arizona Western3
Navajo
Cochise
Eastern Arizona4

OUTSTANDING
DEBT
$263,445,000
$87,545,000
$47,120,000
$30,865,000
$22,295,000
$11,675,000
$8,750,000
$8,640,000
$1,280,000
$0

Please note that the outstanding balances
listed in the report should reflect all
indebtedness as of June 30, 2004.
2Central Arizona Community College serves Pinal

County.
3Arizona Western Community College serves Yuma

and La Paz Counties.
4Eastern Arizona Community College serves Graham
County.

However, the year-end balances should
reflect any July 1, 2004 payments, if the
payment amount has been deposited into a
dedicated fund for the payment of the
principal.
GENERAL OBLIGATION DEBT
Arizona Western, Coconino, Maricopa,
Navajo, Pima and Yavapai Community
Colleges reported general obligation debt
subject to the constitutional 15% debt
limitation imposed on school districts, which
includes community college districts. Each
of the community colleges was within their
debt limitation, as shown below and on
Table 3 in the Appendix.
COMMUNITY
COLLEGE:
Arizona Western
Coconino
Maricopa
Navajo
Pima
Yavapai

DEBT
DEBT
LIMITATION
$117,026,940
$8,380,000
$172,722,331 $22,295,000
$4,121,698,129 $234,440,000
$97,397,354
$7,600,000
$783,190,650 $80,785,000
$240,372,019 $45,680,000

% OF DEBT
LIMIT USED
7.2%
12.9%
5.7%
7.8%
10.3%
19.0%

REVENUE BONDS
Arizona Western, Central Arizona, Maricopa,
Mohave, Pima and Yavapai Community
Colleges have outstanding revenue bonds.
These bonds are secured by and to be
repaid from student tuition and fees.
Student unions, classrooms, dormitories and
general construction are the primary
purposes listed for these bonds.
The
outstanding balance in revenue bonds at the
end of FY 2003/04 was $80.1 million, after
retiring and refunding $7.1 million during the
fiscal year.
CERTIFICATES OF PARTICIPATION
Cochise and Navajo Community Colleges
have reported certificates of participation.
The outstanding balance for this type of debt
at the end of FY 2003/04 was $2.3 million,
after retiring and refunding $0.4 million
during the fiscal year.

PER STUDENT DEBT
One method of determining the level of debt
in relation to the other community colleges is
dividing total outstanding debt by the fulltime student count. High per student debt is
neither good nor bad; it is simply a
comparative tool to describe how the
community college compares to others.
Using this measure, Yavapai County
Community College has the most debt per
student, as can be seen on the table below:
COMMUNITY
COLLEGE:
Yavapai
Coconino

PER STUDENT
DEBT
$13,858.82
$12,631.73

COMMUNITY
COLLEGE:
Central Arizona
Pima
Mohave
Maricopa
Navajo
Arizona Western
Cochise
Eastern Arizona

PER STUDENT
DEBT
$8,456.16
$4,489.49
$4,389.10
$4,269.43
$3,260.38
$2,263.91
$360.56
$0

The student population counts used to
calculate the per student debt are those
provided by the State Board of Community
Colleges for FY 2002/03 for the expenditure
limitation calculation.

Return to Table of Contents

TABLE 3
COMMUNITY COLLEGE FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
COMMUNITY COLLEGE NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

15% DEBT LIMIT

15% DEBT LIMIT
USED

Arizona Western
2
1
3

$26,200,000
$1,000,000
$27,200,000

$16,355,000
$580,000
$16,935,000

$1,465,000
$50,000
$1,515,000

$8,380,000
$370,000
$8,750,000

Revenue
Totals for Central Arizona

4
4

$33,430,000
$33,430,000

$1,540,000
$1,540,000

$1,025,000
$1,025,000

$30,865,000
$30,865,000

Certificate of Participation
Totals for Cochise CC

1
1

$3,000,000
$3,000,000

$1,505,000
$1,505,000

$215,000
$215,000

$1,280,000
$1,280,000

General Obligation
Totals for Coconino CC

1
1

$25,000,000
$25,000,000

$1,885,000
$1,885,000

$820,000
$820,000

$22,295,000
$22,295,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

7
4
11

$465,890,000
$43,130,000
$509,020,000

$138,265,000
$10,875,000
$149,140,000

$93,185,000
$3,250,000
$96,435,000

$234,440,000
$29,005,000
$263,445,000

Revenue
Totals for Mohave CC

3
3

$12,130,000
$12,130,000

$150,000
$150,000

$305,000
$305,000

$11,675,000
$11,675,000

Certificate of Participation
General Obligation
Totals for Navajo CC

1
2
3

$2,410,000
$24,615,000
$27,025,000

$1,195,000
$6,860,000
$8,055,000

$175,000
$10,155,000
$10,330,000

$1,040,000
$7,600,000
$8,640,000

General Obligation
Revenue
Totals for Pima CC

4
3
7

$145,080,000
$20,600,000
$165,680,000

$50,865,000
$11,510,000
$62,375,000

$13,430,000
$2,330,000
$15,760,000

$80,785,000
$6,760,000
$87,545,000

General Obligation
Revenue
Totals for Arizona Western

$117,026,940

$8,380,000

$172,722,331

$22,295,000

$4,121,698,129

$234,440,000

$97,397,354

$7,600,000

$783,190,650

$80,785,000

Central Arizona

Cochise CC

Coconino CC

Eastern Arizona College
Totals for Eastern Arizona College
Maricopa CC
General Obligation
Revenue
Totals for Maricopa CC
Mohave CC

Navajo CC

Pima CC

TABLE 3
COMMUNITY COLLEGE FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
COMMUNITY COLLEGE NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

$7,390,000
$925,000
$8,315,000

$3,060,000
$135,000
$3,195,000

$45,680,000
$1,440,000
$47,120,000

15% DEBT LIMIT

15% DEBT LIMIT
USED

Yavapai College
General Obligation
Revenue
Totals for Yavapai College
Certificate of Participation

3
1
4

$56,130,000
$2,500,000
$58,630,000

2

$5,410,000

$2,700,000

$390,000

$2,320,000

General Obligation

19

$742,915,000

$221,620,000

$122,115,000

$399,180,000

Revenue

16

$112,790,000

$25,580,000

$7,095,000

$80,115,000

Grand Totals:

37

$861,115,000

$249,900,000

$129,600,000

$481,615,000

Return to Table of Contents

$240,372,019

$45,680,000

SCHOOL DISTRICTS
School districts can incur general obligation
debt, which is subject to constitutional debt
limitations. Elementary schools and high
schools have a debt limitation of 15% of ad
valorem valuation; unified school districts
have a limit of 30%. Some school districts
are subject to a restricted debt limitation due
to the issuance of some Capital Appreciation
Bonds prior to March 31, 1996. The districts
with restricted capacity are asterisked in
Tables 4 through 18.
There are 220 school districts, 74 of which
had no bonded indebtedness in FY 2003/04.
Eight school districts (Chinle USD in Apache
County, Pearce ESD in Cochise County,
Pine Strawberry ESD in Gila County, Pima
USD in Graham County, Arlington ESD and
Palo Verde ESD in Maricopa County,
Chloride ESD in Mohave County, and
Kayenta USD in Navajo County) retired all
outstanding debt as of June 30, 2004. The
remaining 138 school districts with
outstanding bonded indebtedness had total
general obligation debt of $3.3 billion, class
B general obligation debt of $473.8 million,
certificate of participation debt of $43.4
million and revenue bond debt of $47.0
million. Within school districts that have
outstanding bonded indebtedness, the
average debt per student was $4,775.
(There are 52 school districts with a higher
debt-per-student figure.)
Detail of the outstanding indebtedness of
Arizona School Districts can be found in
Tables 4 through 19. The following table
shows the number of school districts in each
county with and without outstanding bonded
indebtedness as of June 30, 2004.
COUNTY
Apache
Cochise
Coconino
Gila
Graham
Greenlee
La Paz
Maricopa
Mohave

# WITH B.I.
4
9
5
4
2
3
4
47
10

# WITHOUT B.I.
6
12
4
4
5
2
2
9
6

COUNTY
Navajo
Pima
Pinal
Santa Cruz
Yavapai
Yuma

# WITH B.I.
6
11
13
2
9
9

# WITHOUT B.I.
5
5
4
4
14
0

The next table lists county totals of school
district debt, from most debt to least debt.
This table does not allow for any kind of
determination as to whether the school
districts within the county have heavy debt
or light debt; it is simply a rank order of debt
outstanding as of June 30, 2004.
COUNTY TOTAL
FOR SCHOOL
DISTRICTS:
Maricopa
Pima
Pinal
Mohave
Coconino
Yavapai
Yuma
Navajo
Cochise
Apache
Santa Cruz
Gila
Graham
La Paz
Greenlee

OUTSTANDING
DEBT
$2,786,178,000
$603,959,972
$97,600,000
$68,990,000
$67,730,000
$56,250,000
$49,110,000
$44,345,000
$32,035,000
$26,515,000
$17,600,000
$15,325,000
$9,625,000
$9,620,000
$4,720,000

DEBT PER
STUDENT
$5,330
$4,873
$3,583
$3,159
$3,849
$2,662
$1,526
$2,289
$1,728
$1,987
$1,930
$1,960
$1,830
$3,819
$3,138

The debt per student figures shown on the
previous table are calculated using the
Arizona Department of Education's 100th
day average daily membership student
count for FY 2003/04 for those districts with
outstanding debt.
Tables 4 through 18, at the end of this
section, summarize outstanding bonded
indebtedness by school district by county,
with the debt limitation calculation. Please
note that the outstanding balances listed in
the report should reflect all indebtedness as
of June 30, 2004. However, the year-end
balances should reflect any July 1, 2004
payments if the payment amount has been
deposited into a dedicated fund for the
payment of the principal.

As mentioned, school district debt is being
measured against debt limits which may be
restricted due to prior issue of Capital
Appreciation
Bonds.
Based
upon
information provided by the school districts,
sixteen districts have restricted capacity.
The restriction occurs only when a refunding
Capital Appreciation bond was issued prior
to March 31, 1996, creating debt capacity
that was then used by subsequent bond
issues. If such bonds have been paid off, no
restriction exists. If such bonds have not yet
been paid off, the restriction will be reduced
as premium is paid off.
Districts with
restricted debt capacity are asterisked in
Tables 4 through 18.
Prior to any new General Obligation issues,
the Total Amount Outstanding is compared
against the constitutional debt limits of 15%
for Elementary and High School Districts
and 30% for Unified School Districts.
Generally without any new issues, as debt is
retired, and property values increase, debt
capacity increases. However, if property
values fall over time, the debt capacity can
be exhausted without the issue of new
bonds.
According to the information provided by the
counties on school district debt, one school
district, Hayden-Winkleman Unified in Gila
County, has bonded indebtedness which
exceeded their debt capacity at the close of
FY 2003/04 due to a decline in their
secondary net assessed valuations. This
district is not eligible to issue new debt due
to the exhausted debt capacity.
Per §15-1021, beginning January 1, 1999
school districts could begin issuing Class B
bonds which are subject to a lower debt
limitation than Class A bonds. For Class B
bonds, elementary schools and high schools
are subject to a debt limitation of 5% of ad
valorem valuation or $1,500 per student
based on average daily membership, which
ever is greater. Unified school districts have
a limit of 10% or $1,500 per student based
on average daily membership, which ever is
greater. Effective from and after December
31, 1999 school districts are no longer
allowed to issue Class A bonds (with some
exceptions). The total amount of Class A
and B bonds issued by a school district

cannot exceed the constitutional debt limits
of 15% and 30%.
As of publication date there are 27 school
districts that are known to have issued Class
B bonds. In Tables 4 through 18, the Class
B bonds have been separated from the
other school district General Obligation
issues but have not been included in the
debt limit comparisons. The Class B Bond
outstanding principal and debt limits are
shown below.

School District
Agua Fria UHSD
Cave Creek USD
Chandler USD
Deer Valley USD
Dysart USD
Fountain Hill USD
Fowler ESD
Glendale ESD
Glendale UHSD
Higley USD
Paradise Valley USD
Pendergast ESD
Queen Creek USD
Riverside ESD
Saddle Mountain USD
Tolleson ESD
Tolleson UHSD
Washington ESD
Snowflake USD
Winslow USD
Marana USD
Vail USD
Ray USD
Stanfield ESD
Toltec ESD
Hyder ESD
Somerton ESD

County
Maricopa
Maricopa
Maricopa
Maricopa
Maricopa
Maricopa
Maricopa
Maricopa
Maricopa
Maricopa
Maricopa
Maricopa
Maricopa
Maricopa
Maricopa
Maricopa
Maricopa
Maricopa
Navajo
Navajo
Pima
Pima
Pinal
Pinal
Pinal
Yuma
Yuma

Class B Debt
Limt
$22,479,251
$106,450,858
$124,475,910
$143,407,430
$50,735,398
$33,145,841
$6,914,391
$18,647,010
$80,926,910
$12,847,688
$223,227,058
$14,266,230
$10,675,560
$11,047,861
$84,334,930
$4,591,515
$28,016,016
$65,894,438
$6,344,287
$4,070,828
$39,873,117
$19,931,891
$2,699,137
$1,189,759
$2,185,824
$518,956
$3,520,845

Class B
Outstanding
Principal
$20,365,000
$5,500,000
$23,780,000
$74,650,000
$44,500,000
$8,760,000
$3,200,000
$18,390,000
$50,000,000
$12,800,000
$65,100,000
$12,660,000
$7,940,000
$10,015,000
$23,615,000
$1,500,000
$15,000,000
$34,750,000
$6,300,000
$35,000
$15,300,000
$9,355,000
$2,605,000
$1,185,000
$1,290,000
$90,000
$1,780,000

Table 19 shows bonded indebtedness for
each school district with outstanding debt, in
order from most debt to least debt. It also
has debt per student for each district with
rank order noted. Again, neither the rank
order for outstanding debt nor the rank order
for debt per student allows for any
determination to be made as to level of debt
in the school district.
It is purely a
comparative tool and only indicates the level
of debt in the particular school district as of
June 30, 2004.

As shown on Table 19, Paradise Valley
Unified School District in Maricopa County
has the largest amount of outstanding
bonded indebtedness among all school
districts as of June 30, 2004, at $311.8
million.
In terms of debt per student,

however, Paradise Valley Unified School
District ranks 16th at $9,325. The school
district with the highest debt per student is
Saddle Mountain Unified School District in
Maricopa County, at $41,383 in outstanding
debt per student.

Return to Table of Contents

TABLE 4
APACHE COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
SCHOOL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

15% DEBT LIMIT

15% DEBT LIMIT
USED

30% DEBT LIMIT

30% DEBT LIMIT
USED

1 St. Johns USD
General Obligation
Totals for St. Johns USD

1
1

$1,450,000
$1,450,000

$400,000
$400,000

$525,000
$525,000

$525,000
$525,000

$7,546,004

$525,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$3,200,000
$3,200,000

$1,080,000
$1,080,000

$390,000
$390,000

$1,730,000
$1,730,000

$3,933,492

$1,730,000

2
1
3

$2,910,000
$14,545,000
$17,455,000

$1,125,000
$0
$1,125,000

$1,180,000
$0
$1,180,000

$605,000
$14,545,000
$15,150,000

$5,198,815

$605,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$225,000
$225,000

$125,000
$125,000

$100,000
$100,000

$0
$0

1
1

$9,110,000
$9,110,000

$0
$0

$0
$0

$9,110,000
$9,110,000

6 Concho ESD
Totals for Concho ESD
8 Window Rock USD
Totals for Window Rock USD
9 Vernon ESD
Totals for Vernon ESD
10 Round Valley USD
Totals for Round Valley USD
18 Sanders (Puerco) US
General Obligation
Totals for Sanders (Puerco) USD
20 Ganado USD
General Obligation
Revenue
Totals for Ganado USD
23 McNary ESD
Totals for McNary ESD
24 Chinle USD
General Obligation
Totals for Chinle USD
27 Red Mesa USD
Revenue
Totals for Red Mesa USD

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

TABLE 4
APACHE COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
SCHOOL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

General Obligation

5

$7,785,000

$2,730,000

$2,195,000

$2,860,000

Revenue

2

$23,655,000

$0

$0

$23,655,000

Grand Totals:

7

$31,440,000

$2,730,000

$2,195,000

$26,515,000

Return to Table of Contents

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

15% DEBT LIMIT

15% DEBT LIMIT
USED

30% DEBT LIMIT

30% DEBT LIMIT
USED

TABLE 5
COCHISE COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
SCHOOL DISTRICT NAME
Bond Type

1

1
1

$1,700,000
$1,700,000

$1,055,000
$1,055,000

$205,000
$205,000

$440,000
$440,000

$9,203,374

$440,000

1
1

$4,950,000
$4,950,000

$1,175,000
$1,175,000

$300,000
$300,000

$3,475,000
$3,475,000

$10,252,494

$3,475,000

1
1

$1,300,000
$1,300,000

$305,000
$305,000

$50,000
$50,000

$945,000
$945,000

$3,554,750

$945,000

7
7

$9,310,000
$9,310,000

$4,010,000
$4,010,000

$3,320,000
$3,320,000

$1,980,000
$1,980,000

$7,177,778

$1,980,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$2,725,000
$2,725,000

$430,000
$430,000

$120,000
$120,000

$2,175,000
$2,175,000

$5,094,144

$2,175,000

1
1

$350,000
$350,000

$310,000
$310,000

$40,000
$40,000

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Pearce ESD
General Obligation
Totals for Pearce ESD

23

30% DEBT LIMIT
USED

St. David USD
General Obligation
Totals for St. David USD

22

30% DEBT LIMIT

Bowie USD
Totals for Bowie USD

21

15% DEBT LIMIT
USED

Willcox USD
Totals for Willcox USD

14

15% DEBT LIMIT

Elfrida ESD
Totals for Elfrida ESD

13

CURRENT
OUTSTANDING
PRINCIPAL

Benson USD
General Obligation
Totals for Benson USD

12

PAID IN FISCAL
YEAR 2004

Valley UHSD
General Obligation
Totals for Valley UHSD

9

PAID THROUGH
6/30/03

Bisbee USD
General Obligation
Totals for Bisbee USD

6

ORIGINAL
PRINCIPAL

Tombstone USD
General Obligation
Totals for Tombstone USD

2

# OF
ISSUES

Naco ESD
Totals for Naco ESD

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

TABLE 5
COCHISE COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
SCHOOL DISTRICT NAME
Bond Type

26

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$6,280,000
$6,280,000

$0
$0

$795,000
$795,000

$5,485,000
$5,485,000

$15,201,902

$5,485,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

2
2

$1,155,000
$1,155,000

$555,000
$555,000

$190,000
$190,000

$410,000
$410,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$315,000
$315,000

$155,000
$155,000

$30,000
$30,000

$130,000
$130,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

4
4

$34,485,000
$34,485,000

$17,160,000
$17,160,000

$330,000
$330,000

$16,995,000
$16,995,000

$5,731,921

$410,000

$758,524

$130,000

$68,863,478

$16,995,000

Rucker ESD
Totals for Rucker ESD

68

30% DEBT LIMIT
USED

Pomerene ESD
General Obligation
Totals for Pomerene ESD

66

30% DEBT LIMIT

McNeal ESD
Totals for McNeal ESD

64

15% DEBT LIMIT
USED

Ash Creek ESD
Totals for Ash Creek ESD

55

15% DEBT LIMIT

Palominas ESD
General Obligation
Totals for Palominas ESD

53

CURRENT
OUTSTANDING
PRINCIPAL

Double Adobe ESD
Totals for Double Adobe ESD

49

PAID IN FISCAL
YEAR 2004

Apache ESD
Totals for Apache ESD

45

PAID THROUGH
6/30/03

Douglas USD
General Obligation
Totals for Douglas USD

42

ORIGINAL
PRINCIPAL

Cochise ESD
Totals for Cochise ESD

27

# OF
ISSUES

Sierra Vista USD
General Obligation
Totals for Sierra Vista USD

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

TABLE 5
COCHISE COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
SCHOOL DISTRICT NAME
Bond Type

81

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Forrest ESD
0
0

$0
$0

$0
$0

$0
$0

$0
$0

General Obligation

20

$62,570,000

$25,155,000

$5,380,000

$32,035,000

Grand Totals:

20

$62,570,000

$25,155,000

$5,380,000

$32,035,000

Totals for Forrest ESD

Return to Table of Contents

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

15% DEBT LIMIT

15% DEBT LIMIT
USED

30% DEBT LIMIT

30% DEBT LIMIT
USED

TABLE 6
COCONINO COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
SCHOOL DISTRICT NAME
Bond Type

1

30% DEBT LIMIT
USED

$43,385,000 **

5
5

$73,260,000
$73,260,000

$22,320,000
$22,320,000

$7,555,000
$7,555,000

$43,385,000
$43,385,000

$224,030,219

2
2

$3,845,000
$3,845,000

$1,375,000
$1,375,000

$215,000
$215,000

$2,255,000
$2,255,000

$22,656,311

$2,255,000

2
2

$5,425,000
$5,425,000

$1,655,000
$1,655,000

$305,000
$305,000

$3,465,000
$3,465,000

$6,619,772

$3,465,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

2
2

$15,935,000
$15,935,000

$3,670,000
$3,670,000

$2,680,000
$2,680,000

$9,585,000
$9,585,000

$39,172,311

$9,585,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

5
1
6

$7,660,000
$6,265,000
$13,925,000

$4,455,000
$0
$4,455,000

$430,000
$0
$430,000

$2,775,000
$6,265,000
$9,040,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Tuba City USD
General Obligation
Revenue
Totals for Tuba City USD

31

30% DEBT LIMIT

Maine ESD
Totals for Maine ESD

15

15% DEBT LIMIT
USED

Sedona Oakcreek US
Totals for Sedona Oakcreek USD

10

15% DEBT LIMIT

Page USD
General Obligation
Totals for Page USD

9

CURRENT
OUTSTANDING
PRINCIPAL

Chevlon Butte ESD
Totals for Chevlon Butte ESD

8

PAID IN FISCAL
YEAR 2004

Grand Canyon USD
General Obligation
Totals for Grand Canyon USD

5

PAID THROUGH
6/30/03

Williams USD
General Obligation
Totals for Williams USD

4

ORIGINAL
PRINCIPAL

Flagstaff USD
General Obligation
Totals for Flagstaff USD

2

# OF
ISSUES

Ash Fork USD
Totals for Ash Fork USD

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds
**The Flagstaff USD bond issued by the State Loan Commission in 1999 is not subject to the debt limit. This Bond had $15,625,000 in principle outstanding at the end of FY 2002/03.

$4,174,570 *

$2,775,000

TABLE 6
COCONINO COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
SCHOOL DISTRICT NAME
Bond Type

General Obligation
Revenue
Grand Totals:

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

16

$106,125,000

$33,475,000

$11,185,000

$61,465,000

1

$6,265,000

$0

$0

$6,265,000

17

$112,390,000

$33,475,000

$11,185,000

$67,730,000

15% DEBT LIMIT

15% DEBT LIMIT
USED

Return to Table of Contents

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds
**The Flagstaff USD bond issued by the State Loan Commission in 1999 is not subject to the debt limit. This Bond had $15,625,000 in principle outstanding at the end of FY 2002/03.

30% DEBT LIMIT

30% DEBT LIMIT
USED

TABLE 7
GILA COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
SCHOOL DISTRICT NAME
Bond Type

1

# OF
ISSUES

$910,000
$910,000

$455,000
$455,000

$4,595,000
$4,595,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

General Obligation

2
2

$15,475,000
$15,475,000

$5,925,000
$5,925,000

$2,345,000
$2,345,000

$7,205,000
$7,205,000

General Obligation
Totals for Pine Strawberry ESD

1
1

$2,875,000
$2,875,000

$2,425,000
$2,425,000

$450,000
$450,000

$0
$0

30% DEBT LIMIT
USED

1
1

$295,000
$295,000

$85,000
$85,000

$15,000
$15,000

$195,000
$195,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

2
2

$9,170,000
$9,170,000

$5,735,000
$5,735,000

$105,000
$105,000

$3,330,000
$3,330,000

General Obligation

8

$33,775,000

$15,080,000

$3,370,000

$15,325,000

Grand Totals:

8

$33,775,000

$15,080,000

$3,370,000

$15,325,000

$11,924,279

$4,595,000

$61,968,338

$7,205,000

$458,773

$195,000

San Carlos USD

Tonto Basin ESD
Totals for Tonto Basin ESD
Miami USD
Totals for Miami USD

41

30% DEBT LIMIT

Pine Strawberry ESD

General Obligation

40

15% DEBT LIMIT
USED

Payson USD

Totals for San Carlos USD
33

15% DEBT LIMIT

Young ESD

Totals for Payson USD

20

CURRENT
OUTSTANDING
PRINCIPAL

$5,960,000
$5,960,000

Totals for Young ESD

12

PAID IN FISCAL
YEAR 2004

2
2

General Obligation

10

PAID THROUGH
6/30/03

Globe USD
Totals for Globe USD

5

ORIGINAL
PRINCIPAL

Hayden-Winkelman USD
General Obligation
Totals for Hayden-Winkelman USD

Return to Table of Contents
*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds
**Ineligible to issue new debt due to a decline in secondary net assessed valuation.

$1,989,501

**

$3,330,000

TABLE 8
GRAHAM COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
SCHOOL DISTRICT NAME
Bond Type

1

15% DEBT LIMIT
USED

30% DEBT LIMIT

30% DEBT LIMIT
USED

$5,685,000
$5,685,000

$14,779,673

$5,685,000

3
3

$5,985,000
$5,985,000

$1,715,000
$1,715,000

$330,000
$330,000

$3,940,000
$3,940,000

$6,136,757

$3,940,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$850,000
$850,000

$740,000
$740,000

$110,000
$110,000

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

General Obligation

5

$16,800,000

$6,060,000

$1,115,000

$9,625,000

Grand Totals:

5

$16,800,000

$6,060,000

$1,115,000

$9,625,000

Thatcher USD

Solomon ESD

Pima USD

Ft. Thomas USD

Klondyke ESD
Totals for Klondyke ESD

16

15% DEBT LIMIT

$675,000
$675,000

Totals for Ft. Thomas USD
9

CURRENT
OUTSTANDING
PRINCIPAL

$3,605,000
$3,605,000

General Obligation
Totals for Pima USD
7

PAID IN FISCAL
YEAR 2004

$9,965,000
$9,965,000

Totals for Solomon ESD
6

PAID THROUGH
6/30/03

1
1

General Obligation
Totals for Thatcher USD
5

ORIGINAL
PRINCIPAL

Safford USD
General Obligation
Totals for Safford USD

4

# OF
ISSUES

Bonita ESD
Totals for Bonita ESD

Return to Table of Contents

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

TABLE 9
GREENLEE COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

2

CURRENT
OUTSTANDING
PRINCIPAL

15% DEBT LIMIT

15% DEBT LIMIT
USED

30% DEBT LIMIT

30% DEBT LIMIT
USED

$365,000
$365,000

$145,000
$145,000

$2,915,000
$2,915,000

$4,274,167

$2,915,000

3
3

$3,000,000
$3,000,000

$1,220,000
$1,220,000

$235,000
$235,000

$1,545,000
$1,545,000

$2,654,903

$1,545,000

2
2

$3,235,000
$3,235,000

$2,435,000
$2,435,000

$540,000
$540,000

$260,000
$260,000

$35,516,548

$260,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

General Obligation

6

$9,660,000

$4,020,000

$920,000

$4,720,000

Grand Totals:

6

$9,660,000

$4,020,000

$920,000

$4,720,000

Clifton USD

Morenci USD

Blue ESD
Totals for Blue ESD

45

PAID IN FISCAL
YEAR 2004

$3,425,000
$3,425,000

General Obligation
Totals for Morenci USD
22

PAID THROUGH
6/30/03

1
1

General Obligation
Totals for Clifton USD
18

ORIGINAL
PRINCIPAL

Duncan USD
General Obligation
Totals for Duncan USD

3

# OF
ISSUES

Eagle ESD
Totals for Eagle ESD

Return to Table of Contents

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

TABLE 10
LA PAZ COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

4

15% DEBT LIMIT

15% DEBT LIMIT
USED

$85,000
$85,000

$3,035,000
$3,035,000

30% DEBT LIMIT

30% DEBT LIMIT
USED

$4,916,405

$3,035,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$3,000,000
$3,000,000

$1,450,000
$1,450,000

$750,000
$750,000

$800,000
$800,000

1
1

$650,000
$650,000

$250,000
$250,000

$40,000
$40,000

$360,000
$360,000

$2,245,559

$360,000

2
2

$6,170,000
$6,170,000

$585,000
$585,000

$160,000
$160,000

$5,425,000
$5,425,000

$10,518,081

$5,425,000

General Obligation

6

$13,435,000

$2,780,000

$1,035,000

$9,620,000

Grand Totals:

6

$13,435,000

$2,780,000

$1,035,000

$9,620,000

Wenden ESD

Bouse ESD

Parker USD
$17,887,290

Salome ESD
General Obligation
Totals for Salome ESD

76

CURRENT
OUTSTANDING
PRINCIPAL

$495,000
$495,000

General Obligation
Totals for Parker USD
30

PAID IN FISCAL
YEAR 2004

$3,615,000
$3,615,000

Totals for Bouse ESD
27

PAID THROUGH
6/30/03

2
2

Totals for Wenden ESD
26

ORIGINAL
PRINCIPAL

Quartzsite ESD
General Obligation
Totals for Quartzsite ESD

19

# OF
ISSUES

Bicentennial UHSD
General Obligation
Totals for Bicentennial UHSD

Return to Table of Contents

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

$800,000

TABLE 11
MARICOPA COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

1

# OF
ISSUES

Totals for Phoenix ESD

Totals for Riverside ESD

$54,655,000

11

$119,225,000

$40,180,000

$24,390,000

$54,655,000

2

$12,000,000

$960,000

$1,025,000

$10,015,000

2

$12,000,000

$960,000

$1,025,000

$10,015,000

$49,880,000

$13,220,000

$63,350,000

$49,880,000

$13,220,000

$63,350,000

15% DEBT LIMIT

15% DEBT LIMIT
USED

30% DEBT LIMIT

30% DEBT LIMIT
USED

$99,495,558 *

$54,655,000

$203,746,092 *

$63,350,000

11

$317,565,000

$87,380,000

$22,030,000

$208,155,000

11

$317,565,000

$87,380,000

$22,030,000

$208,155,000

5

$19,450,000

$8,290,000

$4,100,000

$7,060,000

5

$19,450,000

$8,290,000

$4,100,000

$7,060,000

General Obligation

9

$231,680,000

$91,300,000

$30,880,000

$109,500,000

General Obligation-Class B

3

$52,360,000

$4,025,000

$13,585,000

$34,750,000

12

$284,040,000

$95,325,000

$44,465,000

$144,250,000

7

$11,845,000

$3,550,000

$1,325,000

$6,970,000

7

$11,845,000

$3,550,000

$1,325,000

$6,970,000

3

$46,795,000

$16,680,000

$1,970,000

$28,145,000

3

$46,795,000

$16,680,000

$1,970,000

$28,145,000

5

$29,745,000

$8,890,000

$620,000

$20,235,000

5

$29,745,000

$8,890,000

$620,000

$20,235,000

Mesa USD
$747,499,086

$208,155,000

$25,864,697

$20,235,000

Isaac ESD
Totals for Isaac ESD

$26,339,159

$7,060,000

$197,683,313

$109,500,000

$20,864,681

$6,970,000

$70,774,563

$28,145,000

Washington ESD

Totals for Washington ESD
Wilson ESD
General Obligation
Totals for Wilson ESD
Osborn ESD
General Obligation
Totals for Osborn ESD
9

$24,390,000

$126,450,000

General Obligation

8

$40,180,000

$126,450,000

Totals for Mesa USD

7

$119,225,000

13

General Obligation

6

11

13

General Obligation

5

CURRENT
OUTSTANDING
PRINCIPAL

Tempe ESD
Totals for Tempe ESD

4

PAID IN FISCAL
YEAR 2004

Riverside ESD
General Obligation-Class B

3

PAID THROUGH
6/30/03

Phoenix ESD
General Obligation

2

ORIGINAL
PRINCIPAL

Wickenburg USD
General Obligation
Totals for Wickenburg USD

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

TABLE 11
MARICOPA COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

11

# OF
ISSUES

$155,771,000

$52,066,000

$184,758,000

14

$392,595,000

$155,771,000

$52,066,000

$184,758,000

8

$41,250,000

$21,400,000

$2,260,000

$17,590,000

8

$41,250,000

$21,400,000

$2,260,000

$17,590,000

General Obligation

4

$6,105,000

$1,053,000

$137,000

$4,915,000

General Obligation-Class B

1

$1,500,000

$0

$0

$1,500,000

5

$7,605,000

$1,053,000

$137,000

$6,415,000

2

$6,985,000

$835,000

$1,125,000

$5,025,000

2

$6,985,000

$835,000

$1,125,000

$5,025,000

0

$0

$0

$0

$0

0

$0

$0

$0

$0

2

$3,165,000

$0

$0

$3,165,000

2

$3,165,000

$0

$0

$3,165,000

Certificate of Participation

1

$15,380,000

$8,405,000

$1,625,000

$5,350,000

General Obligation

5

$69,890,000

$16,615,000

$2,255,000

$51,020,000

6

$85,270,000

$25,020,000

$3,880,000

$56,370,000

5

$42,235,000

$23,430,000

$1,590,000

$17,215,000

5

$42,235,000

$23,430,000

$1,590,000

$17,215,000

3

$3,990,000

$1,830,000

$270,000

$1,890,000

3

$3,990,000

$1,830,000

$270,000

$1,890,000

General Obligation

$17,590,000

$13,774,544

$4,915,000

$15,751,927

$5,025,000

$12,942,345

$3,165,000

Liberty ESD
General Obligation
Totals for Liberty ESD
Kyrene ESD

Totals for Kyrene ESD

$237,623,490 *

$51,020,000

Balsz ESD
General Obligation
Totals for Balsz ESD

33

$55,404,218 *

Gila Bend USD
Totals for Gila Bend USD

31

30% DEBT LIMIT

$314,571,465 *

Murphy ESD
Totals for Murphy ESD

28

15% DEBT LIMIT
USED

Tolleson ESD

Totals for Tolleson ESD

25

15% DEBT LIMIT

Creighton ESD
Totals for Creighton ESD

24

CURRENT
OUTSTANDING
PRINCIPAL

$392,595,000

General Obligation

21

PAID IN FISCAL
YEAR 2004

14

Totals for Peoria USD

17

PAID THROUGH
6/30/03

30% DEBT LIMIT
USED

Peoria USD
General Obligation

14

ORIGINAL
PRINCIPAL

$46,612,354

$17,215,000

$9,757,451

$1,890,000

Buckeye ESD
General Obligation
Totals for Buckeye ESD

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

$184,758,000

TABLE 11
MARICOPA COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

38

# OF
ISSUES

$37,435,000

$26,120,000

$47,085,000

7

$110,640,000

$37,435,000

$26,120,000

$47,085,000

General Obligation

6

$41,415,000

$13,305,000

$8,060,000

$20,050,000

General Obligation-Class B

1

$18,390,000

$0

$0

$18,390,000

7

$59,805,000

$13,305,000

$8,060,000

$38,440,000

1

$64,760,000

$11,320,000

$19,190,000

$34,250,000

10

$156,032,000

$64,762,000

$1,970,000

$89,300,000

11

$220,792,000

$76,082,000

$21,160,000

$123,550,000

3

$14,000,000

$925,000

$875,000

$12,200,000

3

$14,000,000

$925,000

$875,000

$12,200,000

General Obligation

5

$9,375,000

$2,245,000

$1,160,000

$5,970,000

General Obligation-Class B

1

$3,200,000

$0

$0

$3,200,000

6

$12,575,000

$2,245,000

$1,160,000

$9,170,000

1

$500,000

$440,000

$60,000

$0

1

$500,000

$440,000

$60,000

$0

17

$585,617,000

$287,717,000

$54,295,000

$243,605,000

17

$585,617,000

$287,717,000

$54,295,000

$243,605,000

1

$1,800,000

$1,575,000

$225,000

$0

1

$1,800,000

$1,575,000

$225,000

$0

Totals for Gilbert USD

Totals for Avondale ESD

30% DEBT LIMIT
USED

$131,753,276

$47,085,000

$45,097,416

$20,050,000

$323,900,268 *

$89,300,000

$25,343,654

$12,200,000

$20,743,174

$5,970,000

Fowler ESD

Totals for Fowler ESD
Arlington ESD
General Obligation
Totals for Arlington ESD
Scottsdale USD
General Obligation
Totals for Scottsdale USD
49

30% DEBT LIMIT

Avondale ESD
General Obligation

48

15% DEBT LIMIT
USED

Gilbert USD
General Obligation

47

15% DEBT LIMIT

Glendale ESD

Certificate of Participation

45

CURRENT
OUTSTANDING
PRINCIPAL

$110,640,000

Totals for Glendale ESD

44

PAID IN FISCAL
YEAR 2004

7

Totals for Madison ESD

41

PAID THROUGH
6/30/03

Madison ESD
General Obligation

40

ORIGINAL
PRINCIPAL

Palo Verde ESD
General Obligation
Totals for Palo Verde ESD

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

$1,049,015,948

$243,605,000

TABLE 11
MARICOPA COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

59

# OF
ISSUES

$2,880,000

$435,000

$3,685,000

4

$7,000,000

$2,880,000

$435,000

$3,685,000

General Obligation

1

$960,000

$855,000

$105,000

$0

General Obligation-Class B

1

$12,800,000

$0

$0

$12,800,000

2

$13,760,000

$855,000

$105,000

$12,800,000

0

$0

$0

$0

$0

0

$0

$0

$0

$0

$9,272,439

$3,685,000

0

$0

$0

$0

$0

0

$0

$0

$0

$0

2

$1,825,000

$475,000

$20,000

$1,330,000

2

$1,825,000

$475,000

$20,000

$1,330,000

3

$30,600,000

$3,505,000

$1,855,000

$25,240,000

3

$30,600,000

$3,505,000

$1,855,000

$25,240,000

$13,010,458 *

$1,330,000

Roosevelt ESD
General Obligation
Totals for Roosevelt ESD

$64,464,412

$25,240,000

$56,186,068

$35,955,000

Alhambra ESD
General Obligation
Totals for Alhambra ESD

7

$71,205,000

$24,730,000

$10,520,000

$35,955,000

7

$71,205,000

$24,730,000

$10,520,000

$35,955,000

19

$472,495,000

$210,185,000

$15,620,000

$246,690,000

Paradise Valley USD
General Obligation
General Obligation-Class B
Totals for Paradise Valley USD

71

30% DEBT LIMIT
USED

Littleton ESD
Totals for Littleton ESD

69

30% DEBT LIMIT

Aguila ESD

General Obligation

68

15% DEBT LIMIT
USED

Union ESD

Totals for Aguila ESD

66

15% DEBT LIMIT

Higley USD

Totals for Union ESD

65

CURRENT
OUTSTANDING
PRINCIPAL

$7,000,000

Totals for Higley USD

63

PAID IN FISCAL
YEAR 2004

4

Totals for Laveen ESD

62

PAID THROUGH
6/30/03

Laveen ESD
General Obligation

60

ORIGINAL
PRINCIPAL

4

$80,100,000

$8,300,000

$6,700,000

$65,100,000

23

$552,595,000

$218,485,000

$22,320,000

$311,790,000

0

$0

$0

$0

$0

0

$0

$0

$0

$0

Sentinel ESD
Totals for Sentinel ESD

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

$669,681,173

$246,690,000

TABLE 11
MARICOPA COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

75

# OF
ISSUES

Totals for Litchfield ESD

General Obligation

Totals for Chandler USD

General Obligation

Totals for Cartwright ESD

30% DEBT LIMIT
USED

0

$0

$0

$0

$0

0

$0

$0

$0

$0

8

$30,505,000

$8,615,000

$2,320,000

$19,570,000

8

$30,505,000

$8,615,000

$2,320,000

$19,570,000

13

$181,780,000

$56,055,000

$24,355,000

$101,370,000

1

$30,000,000

$0

$6,220,000

$23,780,000

14

$211,780,000

$56,055,000

$30,575,000

$125,150,000

1

$1,760,000

$1,025,000

$355,000

$380,000

1

$1,760,000

$1,025,000

$355,000

$380,000

1

$2,560,000

$1,000,000

$580,000

$980,000

1

$2,560,000

$1,000,000

$580,000

$980,000

0

$0

$0

$0

$0

0

$0

$0

$0

$0

$42,094,100

$19,570,000

$368,261,870 *

$101,370,000

$5,362,991

$380,000

Dysart USD
General Obligation

4

$8,045,000

$3,045,000

$1,505,000

$3,495,000

General Obligation-Class B

2

$44,500,000

$0

$0

$44,500,000

6

$52,545,000

$3,045,000

$1,505,000

$47,995,000

1

$25,000,000

$0

$1,385,000

$23,615,000

1

$25,000,000

$0

$1,385,000

$23,615,000

Totals for Dysart USD
90

30% DEBT LIMIT

Mobile ESD
Totals for Mobile ESD

89

15% DEBT LIMIT
USED

Cartwright ESD
Certificate of Participation

86

15% DEBT LIMIT

Nadaburg ESD
Totals for Nadaburg ESD

83

CURRENT
OUTSTANDING
PRINCIPAL

Chandler USD
General Obligation-Class B

81

PAID IN FISCAL
YEAR 2004

Litchfield ESD
General Obligation

80

PAID THROUGH
6/30/03

Morristown ESD
Totals for Morristown ESD

79

ORIGINAL
PRINCIPAL

Saddle Mountain USD
General Obligation-Class B
Totals for Saddle Mountain USD

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

$152,206,193

$3,495,000

TABLE 11
MARICOPA COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

92

# OF
ISSUES

$3,760,000

$850,000

General Obligation

7

$11,795,000

$4,925,000

$205,000

$6,665,000

General Obligation-Class B

3

$13,175,000

$100,000

$415,000

$12,660,000

11

$32,370,000

$8,785,000

$1,470,000

$22,115,000

General Obligation

4

$91,505,000

$47,735,000

$5,930,000

$37,840,000

General Obligation-Class B

1

$24,000,000

$13,200,000

$5,300,000

$5,500,000

5

$115,505,000

$60,935,000

$11,230,000

$43,340,000

15% DEBT LIMIT
USED

30% DEBT LIMIT

30% DEBT LIMIT
USED

0

$0

$0

$0

$0

0

$0

$0

$0

$0

General Obligation

4

$25,695,000

$9,680,000

$525,000

$15,490,000

General Obligation-Class B

1

$8,720,000

$0

$780,000

$7,940,000

5

$34,415,000

$9,680,000

$1,305,000

$23,430,000

14

$286,780,000

$92,240,000

$59,715,000

$134,825,000

3

$77,500,000

$1,525,000

$1,325,000

$74,650,000

17

$364,280,000

$93,765,000

$61,040,000

$209,475,000

General Obligation

6

$33,085,000

$12,255,000

$1,600,000

$19,230,000

General Obligation-Class B

2

$16,000,000

$6,140,000

$1,100,000

$8,760,000

8

$49,085,000

$18,395,000

$2,700,000

$27,990,000

2

$11,210,000

$890,000

$1,450,000

$8,870,000

2

$11,210,000

$890,000

$1,450,000

$8,870,000

$33,403,063

$6,665,000

$319,352,574

$37,840,000

$32,026,681

$15,490,000

$430,222,291

$134,825,000

Paloma ESD

Queen Creek USD

Deer Valley USD
General Obligation-Class B
Totals for Deer Valley USD
Fountain Hills USD

Totals for Fountain Hills USD
201

15% DEBT LIMIT

Cave Creek USD

General Obligation

98

$2,790,000

$7,400,000

Totals for Queen Creek USD
97

CURRENT
OUTSTANDING
PRINCIPAL

1

Totals for Paloma ESD
95

PAID IN FISCAL
YEAR 2004

Certificate of Participation

Totals for Cave Creek USD
94

PAID THROUGH
6/30/03

Pendergast ESD

Totals for Pendergast ESD
93

ORIGINAL
PRINCIPAL

$99,102,331 *

Buckeye UHSD
General Obligation
Totals for Buckeye UHSD

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

$31,157,043

$8,870,000

$19,230,000

TABLE 11
MARICOPA COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

205

# OF
ISSUES

$4,540,000

$60,005,000

1

$50,000,000

$0

$0

$50,000,000

5

$169,120,000

$54,575,000

$4,540,000

$110,005,000

15% DEBT LIMIT

15% DEBT LIMIT
USED

$119,120,000

8

$376,000,000

$147,265,000

$76,875,000

$151,860,000

8

$376,000,000

$147,265,000

$76,875,000

$151,860,000

9

$342,590,000

$122,020,000

$49,440,000

$171,130,000

9

$342,590,000

$122,020,000

$49,440,000

$171,130,000

10

$47,205,000

$12,265,000

$2,505,000

$32,435,000

1

$15,000,000

$0

$0

$15,000,000

11

$62,205,000

$12,265,000

$2,505,000

$47,435,000

General Obligation

8

$38,820,000

$10,550,000

$2,145,000

$26,125,000

General Obligation-Class B

2

$21,465,000

$0

$1,100,000

$20,365,000

10

$60,285,000

$10,550,000

$3,245,000

$46,490,000

2

$40,635,000

$28,580,000

$5,820,000

$6,235,000

2

$40,635,000

$28,580,000

$5,820,000

$6,235,000

$242,780,729

$60,005,000

$680,464,436

$151,860,000

$459,732,385

$171,130,000

$84,048,047

$32,435,000

$67,437,753

$26,125,000

$1,798,317,173

$6,235,000

Phoenix UHSD

Tempe UHSD
Totals for Tempe UHSD
Tolleson UHSD
General Obligation
General Obligation-Class B
Totals for Tolleson UHSD
Agua Fria UHSD

Totals for Agua Fria UHSD
401

$54,575,000

General Obligation-Class B

General Obligation

216

CURRENT
OUTSTANDING
PRINCIPAL

4

Totals for Phoenix UHSD

214

PAID IN FISCAL
YEAR 2004

General Obligation

General Obligation

213

PAID THROUGH
6/30/03

Glendale UHSD

Totals for Glendale UHSD
210

ORIGINAL
PRINCIPAL

East Valley Inst. Of Tech
General Obligation
Totals for East Valley Inst. Of Technology
Certificate of Participation
General Obligation
General Obligation-Class B
Grand Totals:

4

$90,100,000

$24,485,000

$22,245,000

$43,370,000

297

$4,618,964,000

$1,789,838,000

$518,843,000

$2,310,283,000

31

$505,710,000

$34,250,000

$38,935,000

$432,525,000

332

$5,214,774,000

$1,848,573,000

$580,023,000

$2,786,178,000

Return to Table of Contents

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

30% DEBT LIMIT

30% DEBT LIMIT
USED

TABLE 12
MOHAVE COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

1

# OF
ISSUES

$19,390,000
$19,390,000

$8,580,000
$8,580,000

$38,585,000
$38,585,000

1
1

$5,255,000
$5,255,000

$75,000
$75,000

$2,725,000
$2,725,000

$2,455,000
$2,455,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

2
2

$2,700,000
$2,700,000

$1,635,000
$1,635,000

$625,000
$625,000

$440,000
$440,000

1
1

$625,000
$625,000

$130,000
$130,000

$35,000
$35,000

$460,000
$460,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

General Obligation

1
1

$3,500,000
$3,500,000

$3,325,000
$3,325,000

$175,000
$175,000

$0
$0

General Obligation

1
1

$1,187,000
$1,187,000

$612,000
$612,000

$80,000
$80,000

$495,000
$495,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

$120,794,094

$38,585,000

$3,290,588

$440,000

$2,455,000

$1,745,666

$460,000

$3,298,802

$495,000

Fredonia-Moccasin USD

Chloride ESD
Totals for Chloride ESD
Topock ESD
Totals for Topock ESD

13

$54,245,222

Littlefield ESD

Totals for Fredonia-Moccasin USD

12

30% DEBT LIMIT
USED

Peach Springs USD

General Obligation

11

30% DEBT LIMIT

Owens ESD

Totals for Littlefield ESD
10

15% DEBT LIMIT
USED

Hackberry ESD

General Obligation
Totals for Peach Springs USD
9

15% DEBT LIMIT

Colorado River UHSD

Totals for Owens ESD
8

CURRENT
OUTSTANDING
PRINCIPAL

$66,555,000
$66,555,000

Totals for Hackberry ESD
6

PAID IN FISCAL
YEAR 2004

6
6

General Obligation
Totals for Colorado River UHSD
3

PAID THROUGH
6/30/03

Lake Havasu USD
General Obligation
Totals for Lake Havasu USD

2

ORIGINAL
PRINCIPAL

Yucca ESD
Totals for Yucca ESD

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

TABLE 12
MOHAVE COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

14

# OF
ISSUES

15% DEBT LIMIT
USED

$75,000
$75,000

$1,560,000
$1,560,000

30% DEBT LIMIT

30% DEBT LIMIT
USED

2
2

$10,305,000
$10,305,000

$3,075,000
$3,075,000

$1,225,000
$1,225,000

$6,005,000
$6,005,000

$31,040,266

$6,005,000

2
2

$21,550,000
$21,550,000

$10,000,000
$10,000,000

$725,000
$725,000

$10,825,000
$10,825,000

$19,906,154

$10,825,000

3
3

$17,620,000
$17,620,000

$7,910,000
$7,910,000

$2,670,000
$2,670,000

$7,040,000
$7,040,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$16,800,000
$16,800,000

$14,725,000
$14,725,000

$950,000
$950,000

$1,125,000
$1,125,000

General Obligation

22

$147,982,000

$61,127,000

$17,865,000

$68,990,000

Grand Totals:

22

$147,982,000

$61,127,000

$17,865,000

$68,990,000

$2,639,536

$1,560,000

$101,344,959

$7,040,000

Bullhead City ESD

Mohave Valley ESD

Kingman USD
General Obligation

Valentine ESD
Totals for Valentine ESD

30

15% DEBT LIMIT

$250,000
$250,000

Totals for Kingman USD
22

CURRENT
OUTSTANDING
PRINCIPAL

$1,885,000
$1,885,000

General Obligation
Totals for Mohave Valley ESD
20

PAID IN FISCAL
YEAR 2004

2
2

General Obligation
Totals for Bullhead City ESD
16

PAID THROUGH
6/30/03

Colorado City USD
General Obligation
Totals for Colorado City USD

15

ORIGINAL
PRINCIPAL

Mohave UHSD
General Obligation
Totals for Mohave UHSD

Return to Table of Contents

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

$50,672,480

$1,125,000

TABLE 13
NAVAJO COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

1

# OF
ISSUES

$16,055,000
$35,000
$16,090,000

$4,915,000
$0
$4,915,000

$3,865,000
$0
$3,865,000

$7,275,000
$35,000
$7,310,000

$12,212,485

$7,275,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$6,300,000
$6,300,000

$0
$0

$0
$0

$6,300,000
$6,300,000

1
1

$3,150,000
$3,150,000

$225,000
$225,000

$425,000
$425,000

$2,500,000
$2,500,000

$17,439,211

$2,500,000

4
4

$24,525,000
$24,525,000

$5,665,000
$5,665,000

$7,450,000
$7,450,000

$11,410,000
$11,410,000

$36,014,244

$11,410,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$4,800,000
$4,800,000

$0
$0

$0
$0

$4,800,000
$4,800,000

2
2

$3,845,000
$3,845,000

$2,135,000
$2,135,000

$1,710,000
$1,710,000

$0
$0

Cedar USD
Revenue
Totals for Cedar USD

27

3
1
4

Whiteriver USD
Totals for Whiteriver USD

25

30% DEBT LIMIT
USED

Show Low USD
General Obligation
Totals for Show Low USD

20

30% DEBT LIMIT

Heber-Overgaard USD
General Obligation
Totals for Heber-Overgaard USD

10

15% DEBT LIMIT
USED

Snowflake USD
General Obligation-Class B
Totals for Snowflake USD

6

15% DEBT LIMIT

Pinon USD
Totals for Pinon USD

5

CURRENT
OUTSTANDING
PRINCIPAL

Holbrook USD
Totals for Holbrook USD

4

PAID IN FISCAL
YEAR 2004

Joseph City USD
Totals for Joseph City USD

3

PAID THROUGH
6/30/03

Winslow USD
General Obligation
General Obligation-Class B
Totals for Winslow USD

2

ORIGINAL
PRINCIPAL

Kayenta USD
General Obligation
Totals for Kayenta USD

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

TABLE 13
NAVAJO COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

32

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

15% DEBT LIMIT

15% DEBT LIMIT
USED

30% DEBT LIMIT

30% DEBT LIMIT
USED

Blue Ridge USD
2
2

$22,585,000
$22,585,000

$9,650,000
$9,650,000

$910,000
$910,000

$12,025,000
$12,025,000

12

$70,160,000

$22,590,000

$14,360,000

$33,210,000

General Obligation-Class B

2

$6,335,000

$0

$0

$6,335,000

Revenue

1

$4,800,000

$0

$0

$4,800,000

15

$81,295,000

$22,590,000

$14,360,000

$44,345,000

General Obligation
Totals for Blue Ridge USD
General Obligation

Grand Totals:

Return to Table of Contents

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

$52,852,814

$12,025,000

TABLE 14
PIMA COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

1

# OF
ISSUES

$614,580,000
$614,580,000

$183,670,000
$183,670,000

$164,310,028
$164,310,028

$266,599,972
$266,599,972

$705,631,545

7
2
9

$101,440,000
$33,980,000
$135,420,000

$21,480,000
$10,750,000
$32,230,000

$20,930,000
$7,930,000
$28,860,000

$59,030,000
$15,300,000
$74,330,000

$119,619,352

$59,030,000

3
3

$27,135,000
$27,135,000

$13,325,000
$13,325,000

$975,000
$975,000

$12,835,000
$12,835,000

$48,477,407

$12,835,000

7
7

$205,080,000
$205,080,000

$91,420,000
$91,420,000

$13,765,000
$13,765,000

$99,895,000
$99,895,000

$288,632,782

$99,895,000

9
9

$99,875,000
$99,875,000

$33,740,000
$33,740,000

$14,380,000
$14,380,000

$51,755,000
$51,755,000

$87,738,289

$51,755,000

3
3

$15,850,000
$15,850,000

$6,685,000
$6,685,000

$2,155,000
$2,155,000

$7,010,000
$7,010,000

$37,199,302

$7,010,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

9
9

$103,565,000
$103,565,000

$44,780,000
$44,780,000

$18,980,000
$18,980,000

$39,805,000
$39,805,000

$121,959,271

3
1
4

$16,100,000
$10,000,000
$26,100,000

$5,800,000
$220,000
$6,020,000

$2,220,000
$425,000
$2,645,000

$8,080,000
$9,355,000
$17,435,000

$59,795,674

$8,080,000

3
3

$29,895,000
$29,895,000

$9,460,000
$9,460,000

$1,815,000
$1,815,000

$18,620,000
$18,620,000

$25,451,136

$18,620,000

*

$266,599,972

*

$39,805,000

Vail USD
General Obligation
General Obligation-Class B
Totals for Vail USD

30

8
8

Catalina Foothills USD
General Obligation
Totals for Catalina Foothills USD

20

30% DEBT LIMIT
USED

Ajo USD
Totals for Ajo USD

16

30% DEBT LIMIT

Tanque Verde USD
General Obligation
Totals for Tanque Verde USD

15

15% DEBT LIMIT
USED

Sunnyside USD
General Obligation
Totals for Sunnyside USD

13

15% DEBT LIMIT

Amphitheater USD
General Obligation
Totals for Amphitheater USD

12

CURRENT
OUTSTANDING
PRINCIPAL

Flowing Wells USD
General Obligation
Totals for Flowing Wells USD

10

PAID IN FISCAL
YEAR 2004

Marana USD
General Obligation
General Obligation-Class B
Totals for Marana USD

8

PAID THROUGH
6/30/03

Tucson USD
General Obligation
Totals for Tucson USD

6

ORIGINAL
PRINCIPAL

Sahuarita USD
General Obligation
Totals for Sahuarita USD

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds.

TABLE 14
PIMA COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

35

$0
$0

$0
$0

15% DEBT LIMIT

15% DEBT LIMIT
USED

0
0

$0
$0

$0
$0

$0
$0

$0
$0

2
2

$5,410,000
$5,410,000

$1,710,000
$1,710,000

$310,000
$310,000

$3,390,000
$3,390,000

1
1

$13,105,000
$13,105,000

$820,000
$820,000

$0
$0

$12,285,000
$12,285,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

54

$1,218,930,000

$412,070,000

$239,840,028

$567,019,972

General Obligation-Class B

3

$43,980,000

$10,970,000

$8,355,000

$24,655,000

Revenue

1

$13,105,000

$820,000

$0

$12,285,000

58

$1,276,015,000

$423,860,000

$248,195,028

$603,959,972

Empire ESD

Continental ESD

Indian Oasis USD

Redington ESD
Totals for Redington ESD

51

CURRENT
OUTSTANDING
PRINCIPAL

$0
$0

Revenue
Totals for Indian Oasis USD
44

PAID IN FISCAL
YEAR 2004

$0
$0

General Obligation
Totals for Continental ESD
40

PAID THROUGH
6/30/03

0
0

Totals for Empire ESD
39

ORIGINAL
PRINCIPAL

San Fernando ESD
Totals for San Fernando ESD

37

# OF
ISSUES

Altar Valley ESD
Totals for Altar Valley ESD
General Obligation

Grand Totals:

Return to Table of Contents

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds.

$27,244,374

$3,390,000

30% DEBT LIMIT

30% DEBT LIMIT
USED

TABLE 15
PINAL COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

1

# OF
ISSUES

$0
$0

$0
$0

$0
$0

2
2

$2,000,000
$2,000,000

$1,425,000
$1,425,000

$175,000
$175,000

$400,000
$400,000

1
1

$2,750,000
$2,750,000

$30,000
$30,000

$115,000
$115,000

$2,605,000
$2,605,000

4
4

$28,645,000
$28,645,000

$11,105,000
$11,105,000

$1,980,000
$1,980,000

$15,560,000
$15,560,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$4,270,000
$4,270,000

$0
$0

$0
$0

$4,270,000
$4,270,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

2
2

$2,300,000
$2,300,000

$10,000
$10,000

$90,000
$90,000

$2,200,000
$2,200,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

5
5

$5,446,465
$5,446,465

$526,465
$526,465

$60,000
$60,000

1
1

$5,435,000
$5,435,000

$0
$0

$0
$0

$15,327,921

$400,000

$36,101,799

$15,560,000

$7,672,630

$4,270,000

$4,450,389

$2,200,000

$4,860,000
$4,860,000

$8,406,009

$4,860,000

$5,435,000
$5,435,000

$16,702,208

$5,435,000

Maricopa USD
General Obligation
Totals for Maricopa USD

21

$0
$0

Sacaton ESD
Totals for Sacaton ESD

20

0
0

Superior USD
General Obligation
Totals for Superior USD

18

30% DEBT LIMIT
USED

Eloy ESD
Totals for Eloy ESD

15

30% DEBT LIMIT

Mammoth-San Manuel US
General Obligation
Totals for Mammoth-San Manuel US

11

15% DEBT LIMIT
USED

Red Rock ESD
Totals for Red Rock ESD

8

15% DEBT LIMIT

Casa Grande ESD
General Obligation
Totals for Casa Grande ESD

5

CURRENT
OUTSTANDING
PRINCIPAL

Ray USD
General Obligation-Class B
Totals for Ray USD

4

PAID IN FISCAL
YEAR 2004

Oracle ESD
General Obligation
Totals for Oracle ESD

3

PAID THROUGH
6/30/03

Florence USD
Totals for Florence USD

2

ORIGINAL
PRINCIPAL

Coolidge USD
General Obligation
Totals for Coolidge USD

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

TABLE 15
PINAL COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

22

# OF
ISSUES

15% DEBT LIMIT
USED

1
2
3

$1,800,000
$1,620,000
$3,420,000

$1,150,000
$255,000
$1,405,000

$325,000
$75,000
$400,000

$325,000
$1,290,000
$1,615,000

$6,557,472

$325,000

2
1
3

$2,147,000
$1,185,000
$3,332,000

$1,097,000
$0
$1,097,000

$500,000
$0
$500,000

$550,000
$1,185,000
$1,735,000

$3,569,277

$550,000

1
1

$1,200,000
$1,200,000

$355,000
$355,000

$125,000
$125,000

$720,000
$720,000

$1,740,863

$720,000

7
7

$61,615,000
$61,615,000

$21,550,000
$21,550,000

$1,410,000
$1,410,000

$38,655,000
$38,655,000

30% DEBT LIMIT

2
2

$16,090,000
$16,090,000

$0
$0

$1,545,000
$1,545,000

$14,545,000
$14,545,000

$46,650,528

$14,545,000

2
2

$6,475,000
$6,475,000

$1,045,000
$1,045,000

$430,000
$430,000

$5,000,000
$5,000,000

$8,144,096

$5,000,000

30

$137,423,465

$38,263,465

$6,640,000

$92,520,000

4

$5,555,000

$285,000

$190,000

$5,080,000

34

$142,978,465

$38,548,465

$6,830,000

$97,600,000

$93,511,219

Casa Grande UHSD
General Obligation
Totals for Casa Grande UHSD

109

15% DEBT LIMIT

30% DEBT LIMIT
USED

Apache Junction USD
General Obligation
Totals for Apache Junction USD

102

CURRENT
OUTSTANDING
PRINCIPAL

Picacho ESD
General Obligation
Totals for Picacho ESD

43

PAID IN FISCAL
YEAR 2004

Stanfield ESD
General Obligation
General Obligation-Class B
Totals for Stanfield ESD

33

PAID THROUGH
6/30/03

Toltec ESD
General Obligation
General Obligation-Class B
Totals for Toltec ESD

24

ORIGINAL
PRINCIPAL

Santa Cruz Valley UHSD
General Obligation
Totals for Santa Cruz Valley UHSD
General Obligation
General Obligation-Class B
Grand Totals:

Return to Table of Contents

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

$38,655,000

TABLE 16
SANTA CRUZ COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

1

$55,000
$55,000

$125,000
$125,000

15% DEBT LIMIT

15% DEBT LIMIT
USED

30% DEBT LIMIT

30% DEBT LIMIT
USED

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

3
3

$25,210,000
$25,210,000

$6,265,000
$6,265,000

$1,470,000
$1,470,000

$17,475,000
$17,475,000

General Obligation

5

$26,790,000

$7,665,000

$1,525,000

$17,600,000

Grand Totals:

5

$26,790,000

$7,665,000

$1,525,000

$17,600,000

$30,957,143 *

$125,000

Patagonia ESD

Patagonia UHSD

Sonoita ESD

Santa Cruz ESD
Totals for Santa Cruz ESD

35

CURRENT
OUTSTANDING
PRINCIPAL

$1,400,000
$1,400,000

Totals for Sonoita ESD
28

PAID IN FISCAL
YEAR 2004

$1,580,000
$1,580,000

Totals for Patagonia UHSD
25

PAID THROUGH
6/30/03

2
2

Totals for Patagonia ESD
20

ORIGINAL
PRINCIPAL

Nogales USD
General Obligation
Totals for Nogales USD

6

# OF
ISSUES

Santa Cruz Valley US
General Obligation
Totals for Santa Cruz Valley USD

Return to Table of Contents

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

$28,199,370

$17,475,000

TABLE 17
YAVAPAI COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

1

$17,625,000
$17,625,000

$12,570,000
$12,570,000

$1,480,000
$1,480,000

$3,575,000
$3,575,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

3
3

$9,645,000
$9,645,000

$4,995,000
$4,995,000

$685,000
$685,000

$3,965,000
$3,965,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

3
3

$22,425,000
$22,425,000

$8,480,000
$8,480,000

$3,245,000
$3,245,000

$10,700,000
$10,700,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Skull Valley ESD
Totals for Skull Valley ESD

17

4
4

Champie ESD
Totals for Champie ESD

15

30% DEBT LIMIT

30% DEBT LIMIT
USED

$166,476,599

$3,575,000

$25,941,480

$85,182,906

$10,700,000

$3,965,000

Sedona-Oak Creek USD
General Obligation
Totals for Sedona-Oak Creek USD

14

15% DEBT LIMIT
USED

Walnut Grove ESD
Totals for Walnut Grove ESD

9

15% DEBT LIMIT

Cottonwood-Oak Creek ES
General Obligation
Totals for Cottonwood-Oak Creek ESD

7

CURRENT
OUTSTANDING
PRINCIPAL

Mingus UHSD
Totals for Mingus UHSD

6

PAID IN FISCAL
YEAR 2004

Clarkdale-Jerome ESD
Totals for Clarkdale-Jerome ESD

4

PAID THROUGH
6/30/03

Williamson Valley ESD
Totals for Williamson Valley ESD

3

ORIGINAL
PRINCIPAL

Prescott USD
General Obligation
Totals for Prescott USD

2

# OF
ISSUES

Congress ESD
Totals for Congress ESD

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

TABLE 17
YAVAPAI COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

20

23

30% DEBT LIMIT
USED

$6,887,444

$1,275,000

General Obligation
Totals for Humboldt USD

6
6

$42,130,000
$42,130,000

$18,415,000
$18,415,000

$1,735,000
$1,735,000

$21,980,000
$21,980,000

$65,755,940

$21,980,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

2
2

$1,990,000
$1,990,000

$550,000
$550,000

$100,000
$100,000

$1,340,000
$1,340,000

2
2

$9,525,000
$9,525,000

$2,365,000
$2,365,000

$4,110,000
$4,110,000

$3,050,000
$3,050,000

$15,853,704

$3,050,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$1,750,000
$1,750,000

$745,000
$745,000

$185,000
$185,000

$820,000
$820,000

$9,531,020

$820,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Humboldt USD

Kirkland ESD

Beaver Creek ESD
$3,477,438

$1,340,000

Camp Verde USD

Ash Fork USD

Hillside ESD

Seligman USD

Crown King ESD
Totals for Crown King ESD

43

30% DEBT LIMIT

$1,275,000
$1,275,000

General Obligation
Totals for Seligman USD
41

15% DEBT LIMIT
USED

$375,000
$375,000

Totals for Hillside ESD
40

15% DEBT LIMIT

$2,135,000
$2,135,000

Totals for Ash Fork USD
35

CURRENT
OUTSTANDING
PRINCIPAL

$3,785,000
$3,785,000

General Obligation
Totals for Camp Verde USD
31

PAID IN FISCAL
YEAR 2004

2
2

General Obligation
Totals for Beaver Creek ESD
28

PAID THROUGH
6/30/03

General Obligation

Totals for Kirkland ESD
26

ORIGINAL
PRINCIPAL

Bagdad USD
Totals for Bagdad USD

22

# OF
ISSUES

Mayer USD
Totals for Mayer USD

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

TABLE 17
YAVAPAI COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

50

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

0
0

$0
$0

$0
$0

$0
$0

$0
$0

15% DEBT LIMIT

15% DEBT LIMIT
USED

30% DEBT LIMIT

30% DEBT LIMIT
USED

4
4

$12,720,000
$12,720,000

$2,295,000
$2,295,000

$880,000
$880,000

$9,545,000
$9,545,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

General Obligation

27

$121,595,000

$52,550,000

$12,795,000

$56,250,000

Grand Totals:

27

$121,595,000

$52,550,000

$12,795,000

$56,250,000

Chino Valley USD
General Obligation
Totals for Chino Valley USD

52

ORIGINAL
PRINCIPAL

Canon ESD
Totals for Canon ESD

51

# OF
ISSUES

Yarnell ESD
Totals for Yarnell ESD

Return to Table of Contents

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

$31,123,530

$9,545,000

TABLE 18
YUMA COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

1

# OF
ISSUES

$13,565,000
$13,565,000

$8,755,000
$8,755,000

$24,095,000
$24,095,000

$63,471,668

$24,095,000

3
1
4

$1,150,000
$1,975,000
$3,125,000

$10,000
$0
$10,000

$255,000
$195,000
$450,000

$885,000
$1,780,000
$2,665,000

$3,858,604

$885,000

4
4

$13,400,000
$13,400,000

$2,825,000
$2,825,000

$975,000
$975,000

$9,600,000
$9,600,000

$18,440,625

$9,600,000

1
1

$400,000
$400,000

$145,000
$145,000

$165,000
$165,000

$90,000
$90,000

1
1

$2,050,000
$2,050,000

$460,000
$460,000

$0
$0

$1,590,000
$1,590,000

$2,792,683

$1,590,000

1
1

$1,400,000
$1,400,000

$505,000
$505,000

$75,000
$75,000

$820,000
$820,000

$2,201,991

$820,000

6
6

$1,920,000
$1,920,000

$900,000
$900,000

$0
$0

$1,020,000
$1,020,000

1
1

$2,200,000
$2,200,000

$1,185,000
$1,185,000

$475,000
$475,000

$540,000
$540,000

$6,551,543

$540,000

3
3

$14,595,000
$14,595,000

$1,770,000
$1,770,000

$4,135,000
$4,135,000

$8,690,000
$8,690,000

$91,013,672

$8,690,000

$5,063,635 *

$1,020,000

Antelope UHSD
General Obligation
Totals for Antelope UHSD

70

$46,415,000
$46,415,000

Gadsden ESD
General Obligation
Totals for Gadsden ESD

50

5
5

Wellton ESD
General Obligation
Totals for Wellton ESD

32

15% DEBT LIMIT
USED

Mohawk Valley ESD
General Obligation
Totals for Mohawk Valley ESD

24

15% DEBT LIMIT

Hyder ESD
General Obligation-Class B
Totals for Hyder ESD

17

CURRENT
OUTSTANDING
PRINCIPAL

Crane ESD
General Obligation
Totals for Crane ESD

16

PAID IN FISCAL
YEAR 2004

Somerton ESD
General Obligation
General Obligation-Class B
Totals for Somerton ESD

13

PAID THROUGH
6/30/03

Yuma ESD
General Obligation
Totals for Yuma ESD

11

ORIGINAL
PRINCIPAL

Yuma UHSD
General Obligation
Totals for Yuma UHSD

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

30% DEBT LIMIT

30% DEBT LIMIT
USED

TABLE 18
YUMA COUNTY SCHOOL DISTRICT FY 2004 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

General Obligation
General Obligation-Class B
Grand Totals:

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

24

$83,130,000

$21,220,000

$14,670,000

$47,240,000

2

$2,375,000

$145,000

$360,000

$1,870,000

26

$85,505,000

$21,365,000

$15,030,000

$49,110,000

Return to Table of Contents

*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds

15% DEBT LIMIT

15% DEBT LIMIT
USED

30% DEBT LIMIT

30% DEBT LIMIT
USED

TABLE 19
OUTSTANDING BONDED INDEBTEDNESS AS OF JUNE 30, 2004, BY SCHOOL DISTRICT
SCHOOL
DISTRICT
Paradise Valley USD
Tucson USD
Scottsdale USD
Deer Valley USD
Mesa USD
Peoria USD
Tempe UHSD
Phoenix UHSD
Washington ESD
Chandler USD
Gilbert USD
Glendale UHSD
Amphitheater USD
Marana USD
Tempe ESD
Kyrene ESD
Phoenix ESD
Sunnyside USD
Dysart USD
Tolleson UHSD
Madison ESD
Agua Fria UHSD
Flagstaff USD
Cave Creek USD
Catalina Foothills USD
Apache Junction USD
Lake Havasu USD
Glendale ESD
Alhambra ESD
Osborn ESD
Fountain Hills USD
Roosevelt ESD
Yuma ESD
Saddle Mountain USD
Queen Creek USD
Pendergast ESD
Humboldt USD
Wickenburg USD

COUNTY
Maricopa
Pima
Maricopa
Maricopa
Maricopa
Maricopa
Maricopa
Maricopa
Maricopa
Maricopa
Maricopa
Maricopa
Pima
Pima
Maricopa
Maricopa
Maricopa
Pima
Maricopa
Maricopa
Maricopa
Maricopa
Coconino
Maricopa
Pima
Pinal
Mohave
Maricopa
Maricopa
Maricopa
Maricopa
Maricopa
Yuma
Maricopa
Maricopa
Maricopa
Yavapai
Maricopa

OUTSTANDING BONDED DEBT PER
DEBT PER
INDEBTEDNESS
STUDENT STUDENT RANK
$311,790,000
$9,325
16
$266,599,972
$4,595
56
$243,605,000
$9,563
15
$209,475,000
$6,928
32
$208,155,000
$2,989
83
$184,758,000
$5,238
46
$171,130,000
$13,391
6
$151,860,000
$6,813
33
$144,250,000
$6,305
36
$125,150,000
$4,907
49
$123,550,000
$3,717
66
$110,005,000
$7,696
24
$99,895,000
$6,185
38
$74,330,000
$6,112
40
$63,350,000
$5,006
48
$56,370,000
$3,204
78
$54,655,000
$7,107
29
$51,755,000
$3,469
71
$47,995,000
$4,606
55
$47,435,000
$8,778
19
$47,085,000
$6,513
34
$46,490,000
$12,880
7
$43,385,000
$4,021
63
$43,340,000
$8,411
20
$39,805,000
$8,090
23
$38,655,000
$7,111
28
$38,585,000
$6,187
37
$38,440,000
$3,092
82
$35,955,000
$2,624
91
$28,145,000
$8,135
22
$27,990,000
$11,411
9
$25,240,000
$2,304
96
$24,095,000
$2,446
93
$23,615,000
$41,383
1
$23,430,000
$15,527
4
$22,115,000
$2,325
94
$21,980,000
$4,394
59
$20 235 000
$14 470
5

TABLE 19
OUTSTANDING BONDED INDEBTEDNESS AS OF JUNE 30, 2004, BY SCHOOL DISTRICT
SCHOOL
DISTRICT
Indian Oasis-Baboquivari USD
Avondale ESD
Blue Ridge USD
Show Low USD
Mohave Valley ESD
Sedona-Oak Creek USD
Riverside ESD
Crane ESD
Page USD
Chino Valley USD
Fowler ESD
Red Mesa USD
Tuba City USD
Buckeye UHSD
Yuma UHSD
Winslow USD
Payson USD
Isaac ESD
Kingman USD
Tanque Verde USD
Wilson ESD
Tolleson ESD
Snowflake USD
East Valley Institute of Technology
Bullhead City ESD
Safford USD
Douglas USD
Coolidge USD
Bicentennial UHSD
Murphy ESD
Santa Cruz Valley UHSD
Maricopa USD
Cedar USD
Globe USD
Mammoth-San Manuel USD
Cottonwood-Oak Creek ESD
Thatcher USD
Laveen ESD

COUNTY
Pima
Maricopa
Navajo
Navajo
Mohave
Yavapai
Maricopa
Yuma
Coconino
Yavapai
Maricopa
Apache
Coconino
Maricopa
Yuma
Navajo
Gila
Maricopa
Mohave
Pima
Maricopa
Maricopa
Navajo
Maricopa
Mohave
Graham
Cochise
Pinal
La Paz
Maricopa
Pinal
Pinal
Navajo
Gila
Pinal
Yavapai
Graham
Maricopa

OUTSTANDING BONDED
INDEBTEDNESS
$12,285,000
$12,200,000
$12,025,000
$11,410,000
$10,825,000
$10,700,000
$10,015,000
$9,600,000
$9,585,000
$9,545,000
$9,170,000
$9,110,000
$9,040,000
$8,870,000
$8,690,000
$7,310,000
$7,205,000
$7,060,000
$7,040,000
$7,010,000
$6,970,000
$6,415,000
$6,300,000
$6,235,000
$6,005,000
$5,685,000
$5,485,000
$5,435,000
$5,425,000
$5,025,000
$5,000,000
$4,860,000
$4,800,000
$4,595,000
$4,270,000
$3,965,000
$3,940,000
$3,685,000
$

DEBT PER
DEBT PER
STUDENT STUDENT RANK
$10,872
$2,911
$4,753
$4,717
$6,458
$8,207
$17,695
$1,715
$3,328
$3,786
$3,131
$9,910
$3,710
$5,521
$963
$2,969
$2,710
$894
$1,014
$5,251
$5,365
$3,381
$2,661
$1,259
$1,640
$2,076
$1,402
$1,937
$36,559
$2,057
$10,143
$3,804
$12,241
$2,252
$3,387
$1,663
$3,555
$2,286
$

11
85
53
54
35
21
3
107
75
65
81
13
67
42
123
84
88
124
122
45
43
74
89
117
110
102
114
105
2
104
12
64
8
98
73
109
70
97

TABLE 19
OUTSTANDING BONDED INDEBTEDNESS AS OF JUNE 30, 2004, BY SCHOOL DISTRICT
SCHOOL
DISTRICT
Williams USD
Superior USD
St David USD
Benson USD
Buckeye ESD
Stanfield ESD
Sanders USD
Toltec ESD
Mohawk Valley ESD
Colorado City USD
Clifton USD
Beaver Creek ESD
Littleton ESD
Bagdad USD
Mohave UHSD
Gadsden ESD
Cartwright ESD
Valley UHSD
Seligman USD
Wellton ESD
Parker USD
Picacho ESD
Antelope UHSD
St Johns USD
Topock ESD
Littlefield ESD
Peach Springs USD
Tombstone USD
Palominas ESD
Oracle ESD
Nadaburg ESD
Salome ESD
Morenci USD
San Carlos USD
Pomerene ESD
Nogales USD
Hyder ESD

COUNTY
Coconino
Pinal
Cochise
Cochise
Maricopa
Pinal
Apache
Pinal
Yuma
Mohave
Greenlee
Yavapai
Maricopa
Yavapai
Mohave
Yuma
Maricopa
Cochise
Yavapai
Yuma
La Paz
Pinal
Yuma
Apache
Mohave
Mohave
Mohave
Cochise
Cochise
Pinal
Maricopa
La Paz
Greenlee
Gila
Cochise
Santa Cruz
Yuma

OUTSTANDING BONDED
INDEBTEDNESS
$2,255,000
$2,200,000
$2,175,000
$1,980,000
$1,890,000
$1,735,000
$1,730,000
$1,615,000
$1,590,000
$1,560,000
$1,545,000
$1,340,000
$1,330,000
$1,275,000
$1,125,000
$1,020,000
$980,000
$945,000
$820,000
$820,000
$800,000
$720,000
$540,000
$525,000
$495,000
$460,000
$440,000
$440,000
$410,000
$400,000
$380,000
$360,000
$260,000
$195,000
$130,000
$125,000
$90,000

Return to Table of Contents

DEBT PER
DEBT PER
STUDENT STUDENT RANK
$3,183
$4,098
$5,087
$2,063
$1,370
$2,469
$1,698
$1,631
$7,123
$4,843
$8,794
$4,577
$577
$4,113
$162
$240
$53
$4,506
$4,905
$2,309
$431
$3,397
$1,556
$515
$3,134
$1,177
$1,829
$477
$381
$1,173
$667
$3,682
$286
$157
$1,342
$21
$485

79
62
47
103
115
92
108
111
27
52
18
57
127
61
135
134
137
58
50
95
131
72
113
128
80
119
106
130
132
120
126
68
133
136
116
138
129

SPECIAL DISTRICTS
Special districts are located within counties
and in some cities and towns. They issue
debt which is not the ultimate responsibility
of the county or city or town within which the
special district is situated. The debt is
secured by assessments levied against
property located within the special district.
They are not subject to voter approval and
the resulting projects primarily benefit an
isolated group.
For example, there are Community Facilities
Districts in Scottsdale, which issue debt. If
something were to happen so that the debt
service payments could not be made,
Scottsdale would not necessarily be
compelled to make the payments.
Therefore, these districts stand on their own
and were not included in the county or city
or town debt figures listed in previous
sections.
Detail of the outstanding
indebtedness of Special Districts can be
found in Tables 20 through 34.
Special district debt has been reported in
twelve of the fifteen counties. Of the 507
known special districts, reports have been
received on the presence or absence of
bonded indebtedness for 454 special
districts.

MAR
MOH
NAV
PIM
PIN
SC
YAV
YUM

FY04
$1.5
$2.2
$29.3
$0.2
$0.0
$0.0
$3.4

FY03
$1.7
$2.4
$27.4
$0.4
$0.0
$0.0
$4.0

# 04
4
1
13
2
0
0
3

FY03
$407.3
$18.1
$19.2
$207.1
$59.0
$0.0
$61.9
$14.2

# 04
43
9
20
11
10
0
16
6

# 03
39
8
22
11
9
15
15
4

The total outstanding debt for the 138
special districts reporting debt as of June 30,
2004 was $848.9 million. (Do not try to
compare this number with the $822.7 million
reported last year.
Some districts that
reported last year did not report this year
and vice versa.) The remaining 316 special
districts reported that they had no
outstanding bonded indebtedness. Tables
20 through 34 provide more information
about each of the special districts within the
counties.
Please note that the outstanding balances
listed in the report should reflect all
indebtedness as of June 30, 2004.
However, the year-end balances should
reflect any July 1, 2004 payments if the
amount has been deposited into a dedicated
fund for the payment of the principal.

The following table shows the outstanding
debt at the end of FY04 and the outstanding
debt at the end of FY03 for the special
districts within each county.
(All dollar
amounts are in millions.) The last two
columns show the number of special
districts reporting in each county that had
outstanding debt at the end of the fiscal
year.
Remember that they are not
necessarily the same special districts with
debt from year to year.
APA
COCH
COCO
GILA
GRA
GRE
LP

FY04
435.5
$28.8
$17.4
$187.8
$58.8
$0.0
$61.6
$22.4

Return to Table of Contents

# 03
4
1
8
4
0
0
3

5

In FY03, one special district had $41,000
in debt. When recording the numbers in
millions, this shows up as $0.0 million for
FY03.

TABLE 20
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN APACHE COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Alpine Fire District
Totals for Alpine Fire District

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$88,000
$88,000

$55,000
$55,000

$6,000
$6,000

$27,000
$27,000

2
2

$890,000
$890,000

$210,000
$210,000

$70,000
$70,000

$610,000
$610,000

1
1

$575,000
$575,000

$138,000
$138,000

$52,000
$52,000

$385,000
$385,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$1,167,000
$1,167,000

$607,000
$607,000

$70,000
$70,000

$490,000
$490,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Alpine Sanitary District
Totals for Alpine Sanitary District
Apache County Flood District
Totals for Apache County Flood District
Apache County Jail District
Totals for Apache County Jail District
Apache County Library District
Totals for Apache County Library District
Concho Fire District
Totals for Concho Fire District
Crosby A, Special Dist.
Special Assessment
Totals for Crosby A, Special Dist.
Ganado Fire Dist
General Obligation
Totals for Ganado Fire Dist
Greer Acres Little Colorado Improvement
Special Assessment
Totals for Greer Acres Little Colorado Improvement
Greer Fire District
Totals for Greer Fire District
Little Colorado Sanitary District
Special Assessment
Totals for Little Colorado Sanitary District
Northern Apache County Special Health Care Distric
Totals for Northern Apache County Special Health
Ojo Bonito Water Improvement District
Totals for Ojo Bonito Water Improvement District
Puerco Valley Fire District
Totals for Puerco Valley Fire District
Vernon Domestic Water Improvement District
Totals for Vernon Domestic Water Improvement Dis

TABLE 20
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN APACHE COUNTY
SPECIAL DISTRICT NAME

# OF
ISSUES

Bond Type

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

White Mountain Communities Special Health Care Dis
0
0

$0
$0

$0
$0

$0
$0

$0
$0

General Obligation

2

$890,000

$210,000

$70,000

$610,000

Special Assessment

3

$1,830,000

$800,000

$128,000

$902,000

Grand Totals:

5

$2,720,000

$1,010,000

$198,000

$1,512,000

Totals for White Mountain Communities Special He

Return to Table of Contents

TABLE 21
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN COCHISE COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Babocomari Fire District
Totals for Babocomari Fire District

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$3,770,000
$3,770,000

$1,355,000
$1,355,000

$250,000
$250,000

$2,165,000
$2,165,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Bowie Fire District
Totals for Bowie Fire District
Bowie Light District
Totals for Bowie Light District
Carmel Light District
Totals for Carmel Light District
Cochise County Highway & Floodplain District
Totals for Cochise County Highway & Floodplai
Cochise County Library District
Totals for Cochise County Library District
Elfrida Fire District
Totals for Elfrida Fire District
Golden Acres Light District
Totals for Golden Acres Light District
Naco Lighting District
Totals for Naco Lighting District
Naco Sanitary District
Totals for Naco Sanitary District
Northern Cochise Hospital Dist
General Obligation
Totals for Northern Cochise Hospital Dist
Palominas Fire District
Totals for Palominas Fire District
PBW Fire District
Totals for PBW Fire District
Pirtleville Fire District
Totals for Pirtleville Fire District
Pirtleville Light District
Totals for Pirtleville Light District

TABLE 21
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN COCHISE COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Pomerene Domestic Water Improvement District
0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

General Obligation

1

$3,770,000

$1,355,000

$250,000

$2,165,000

Grand Totals:

1

$3,770,000

$1,355,000

$250,000

$2,165,000

Totals for Pomerene Domestic Water Improvem
Pomerene Fire District
Totals for Pomerene Fire District
San Jose Fire District
Totals for San Jose Fire District
San Pedro Valley Hospital District
Totals for San Pedro Valley Hospital District
Sierra Vista/Fry Fire District
Totals for Sierra Vista/Fry Fire District
St. David Fire District
Totals for St. David Fire District
St. David Flood Control District
Totals for St. David Flood Control District
St. David Irrigation District
Totals for St. David Irrigation District
Sunnyside Fire District
Totals for Sunnyside Fire District
Sunsites Light District
Totals for Sunsites Light District
Sunsites-Pearce Fire District
Totals for Sunsites-Pearce Fire District
Whetstone Fire District
Totals for Whetstone Fire District

Return to Table of Contents

TABLE 22
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN COCONINO COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Blue Ridge Fire District
Totals for Blue Ridge Fire District

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$231,214
$231,214

$0
$0

$19,825
$19,825

$211,389
$211,389

0
0

$0
$0

$0
$0

$0
$0

$0
$0

2
2

$24,760,000
$24,760,000

$5,115,000
$5,115,000

$1,675,000
$1,675,000

$17,970,000
$17,970,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$720,000
$720,000

$166,000
$166,000

$69,000
$69,000

$485,000
$485,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$1,130,000
$1,130,000

$915,000
$915,000

$105,000
$105,000

$110,000
$110,000

Buckboard Trail
Special Assessment
Totals for Buckboard Trail
Coconino County Flood Control District
Totals for Coconino County Flood Control Distri
Coconino County Jail District
Revenue
Totals for Coconino County Jail District
Coconino County Library District
Totals for Coconino County Library District
Flagstaff Special Districts
Special Assessment
Totals for Flagstaff Special Districts
Forest Lakes Domestic Water Improvement District
Totals for Forest Lakes Domestic Water Improv
Forest Lakes Fire District
Totals for Forest Lakes Fire District
Fort Valley Fire District
Totals for Fort Valley Fire District
Greenehaven Fire District
Totals for Greenehaven Fire District
Highlands Fire District
Totals for Highlands Fire District
Junipine Fire District
Totals for Junipine Fire District
Kachina Trail
Totals for Kachina Trail
Kachina Village Improvement District
Totals for Kachina Village Improvement District
Kachina Village Paving District
Special Assessment
Totals for Kachina Village Paving District

TABLE 22
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN COCONINO COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Kaibab Estates West Fire District
Totals for Kaibab Estates West Fire District

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$63,800
$63,800

$16,200
$16,200

$6,200
$6,200

$41,400
$41,400

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$1,150,000
$1,150,000

$205,000
$205,000

$35,000
$35,000

$910,000
$910,000

1
1

$167,600
$167,600

$0
$0

$0
$0

$167,600
$167,600

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$5,750,000
$5,750,000

$1,740,000
$1,740,000

$390,000
$390,000

$3,620,000
$3,620,000

1
1

$181,641
$181,641

$0
$0

$0
$0

$181,641
$181,641

1
1

$39,500
$39,500

$18,428
$18,428

$2,716
$2,716

$18,356
$18,356

1
1

$185,000
$185,000

$105,000
$105,000

$20,000
$20,000

$60,000
$60,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Linda Lane Road
Special Assessment
Totals for Linda Lane Road
Mormon Lake Fire District
Totals for Mormon Lake Fire District
Mount Elden Lookout Road Fire District
Totals for Mount Elden Lookout Road Fire Distri
Northside Sewer Improvement District
Special Assessment
Totals for Northside Sewer Improvement Distric
Oakwood Pines
Special Assessment
Totals for Oakwood Pines
Page Hospital District
Totals for Page Hospital District
Parks-Bellmont Fire District
Totals for Parks-Bellmont Fire District
Pine Del Fire District
Totals for Pine Del Fire District
Pinewood Fire District
Totals for Pinewood Fire District
Pinewood Sanitary Dist
Special Assessment
Totals for Pinewood Sanitary Dist
Pinon County Improvement District
Special Assessment
Totals for Pinon County Improvement District
Rodeo Drive Improvement District
Special Assessment
Totals for Rodeo Drive Improvement District
Rudd Tank
Special Assessment
Totals for Rudd Tank
Sherwood Forest Estates Fire District
Totals for Sherwood Forest Estates Fire District

TABLE 22
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN COCONINO COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

South Grand Canyon Sanitary District
1
1

$4,500,000
$4,500,000

$1,356,118
$1,356,118

$219,194
$219,194

$2,924,688
$2,924,688

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$2,590,000
$2,590,000

$0
$0

$0
$0

$2,590,000
$2,590,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

3

$29,260,000

$6,471,118

$1,894,194

$20,894,688

Special Assessment

11

$12,208,755

$3,165,628

$647,741

$8,395,386

Grand Totals:

14

$41,468,755

$9,636,746

$2,541,935

$29,290,074

Revenue
Totals for South Grand Canyon Sanitary District
Summit Fire District
Totals for Summit Fire District
Toho Tolani
Special Assessment
Totals for Toho Tolani
Tusayan Fire District
Totals for Tusayan Fire District
Westwood Estates Fire District
Totals for Westwood Estates Fire District
Williams Facilities District
Totals for Williams Facilities District
Williams Hospital District
Totals for Williams Hospital District
Woods Fire District
Totals for Woods Fire District
Revenue

Return to Table of Contents

TABLE 23
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN GILA COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Beaver Valley Fire District
Totals for Beaver Valley Fire District

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$200,000
$200,000

$0
$0

$0
$0

$200,000
$200,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$756,000
$756,000

$676,000
$676,000

$80,000
$80,000

$0
$0

1
1

$746,000
$746,000

$686,000
$686,000

$60,000
$60,000

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$183,300
$183,300

$137,362
$137,362

$8,400
$8,400

$37,538
$37,538

Canyon Fire District
Totals for Canyon Fire District
Canyon Improvement District
Revenue
Totals for Canyon Improvement District
Christopher-Kohls Fire District
Totals for Christopher-Kohls Fire District
Diamond Star Fire District
Totals for Diamond Star Fire District
East Verde Park Fire District
Totals for East Verde Park Fire District
Gila County Library District
Totals for Gila County Library District
Gisela Valley Fire District
Totals for Gisela Valley Fire District
Mesa del Caballo Fire District
Totals for Mesa del Caballo Fire District
Mesa Del Sanitary District
Totals for Mesa Del Sanitary District
Northern Gila County Sanitary District
Special Assessment
Totals for Northern Gila County Sanitary District
Payson North Sanitary Dist
Special Assessment
Totals for Payson North Sanitary Dist
Pinal Sanitary District
Totals for Pinal Sanitary District
Pine Strawberry Fire District
Totals for Pine Strawberry Fire District
Rim Trail #1 Water Dist
Special Assessment
Totals for Rim Trail #1 Water Dist

TABLE 23
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN GILA COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Rim Trail #2
Totals for Rim Trail #2

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Round Valley Oxbow Fire District
Totals for Round Valley Oxbow Fire District
Tonto Basin Fire District
Totals for Tonto Basin Fire District
Tri-City Fire District
Totals for Tri-City Fire District
Whispering Pines Fire District
Totals for Whispering Pines Fire District
Revenue

1

$200,000

$0

$0

$200,000

Special Assessment

3

$1,685,300

$1,499,362

$148,400

$37,538

Grand Totals:

4

$1,885,300

$1,499,362

$148,400

$237,538

Return to Table of Contents

TABLE 24
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN GRAHAM COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Gila Valley Irrigation District
Totals for Gila Valley Irrigation District

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Graham County Flood Control District
Totals for Graham County Flood Control District
Mt. Graham Hospital District
Totals for Mt. Graham Hospital District
Safford Rural Fire District
Totals for Safford Rural Fire District

Return to Table of Contents

TABLE 25
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN GREENLEE COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Duncan Valley Rural Fire District
Totals for Duncan Valley Rural Fire District

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Franklin Irrigation District
Totals for Franklin Irrigation District

Return to Table of Contents

TABLE 26
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN LA PAZ COUNTY
SPECIAL DISTRICT NAME

# OF
ISSUES

Bond Type

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Buckskin Fire District
0
0

$0
$0

$0
$0

$0
$0

$0
$0

2
2

$3,067,710
$3,067,710

$476,673
$476,673

$320,035
$320,035

$2,271,002
$2,271,002

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$1,330,000
$1,330,000

$0
$0

$235,000
$235,000

$1,095,000
$1,095,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$167,000
$167,000

$132,000
$132,000

$10,000
$10,000

$25,000
$25,000

Certificate of Participation

1

$1,330,000

$0

$235,000

$1,095,000

Special Assessment

3

$3,234,710

$608,673

$330,035

$2,296,002

Grand Totals:

4

$4,564,710

$608,673

$565,035

$3,391,002

Totals for Buckskin Fire District
Buckskin Sanitary District
Special Assessment
Totals for Buckskin Sanitary District
Ehrenberg Fire District
Totals for Ehrenberg Fire District
La Paz County Hospital District
Totals for La Paz County Hospital District
La Paz County Jail District
Certificate of Participation
Totals for La Paz County Jail District
McMullen Valley Water Conservation & Drainage Dist
Totals for McMullen Valley Water Conservation
Parker Volunteer Fire District
Totals for Parker Volunteer Fire District
Wenden Water Dist
Special Assessment
Totals for Wenden Water Dist

Return to Table of Contents

TABLE 27
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN MARICOPA COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

#K100 Marquerite Drive
Special Assessment
Totals for #K100 Marquerite Drive

1
1

$60,670
$60,670

$9,279
$9,279

$11,777
$11,777

$39,614
$39,614

1
1

$60,059
$60,059

$0
$0

$0
$0

$60,059
$60,059

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$274,888
$274,888

$238,141
$238,141

$15,887
$15,887

$20,860
$20,860

1
1

$301,960
$301,960

$216,460
$216,460

$8,903
$8,903

$76,597
$76,597

#K106 7th Street North
Special Assessment
Totals for #K106 7th Street North
#K66 98th Street
Totals for #K66 98th Street
#K69 Pecos McQueen
Totals for #K69 Pecos McQueen
#K74 99th Street
Totals for #K74 99th Street
#K75 98th Way
Totals for #K75 98th Way
#K76 Vine
Totals for #K76 Vine
#K77 Inland
Totals for #K77 Inland
#K79 97th Place
Totals for #K79 97th Place
#K80 Del Witt
Totals for #K80 Del Witt
#K81 5th Avenue
Totals for #K81 5th Avenue
#K83 Boulder
Totals for #K83 Boulder
#K89 158th Street
Totals for #K89 158th Street
#K90 Grandview Manor
Special Assessment
Totals for #K90 Grandview Manor
#K91 Queen Creek Water
Special Assessment
Totals for #K91 Queen Creek Water

TABLE 27
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN MARICOPA COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

#K92 Fairview Lane
Special Assessment
Totals for #K92 Fairview Lane

1
1

$59,379
$59,379

$52,536
$52,536

$688
$688

$6,155
$6,155

1
1

$60,657
$60,657

$45,258
$45,258

$4,644
$4,644

$10,755
$10,755

1
1

$185,810
$185,810

$142,511
$142,511

$10,207
$10,207

$33,092
$33,092

1
1

$83,236
$83,236

$60,826
$60,826

$4,482
$4,482

$17,928
$17,928

1
1

$301,905
$301,905

$198,360
$198,360

$28,269
$28,269

$75,276
$75,276

1
1

$14,004
$14,004

$10,565
$10,565

$673
$673

$2,766
$2,766

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$4,371,000
$4,371,000

$560,709
$560,709

$150,204
$150,204

$3,660,087
$3,660,087

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$369,787
$369,787

$318,976
$318,976

$16,937
$16,937

$33,874
$33,874

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$3,112,494
$3,112,494

$1,471,184
$1,471,184

$121,110
$121,110

$1,520,200
$1,520,200

0
0

$0
$0

$0
$0

$0
$0

$0
$0

#K93 East Fairview
Special Assessment
Totals for #K93 East Fairview
#K94 White Fence
Special Assessment
Totals for #K94 White Fence
#K95p 104th Place/University
Special Assessment
Totals for #K95p 104th Place/University
#K96 Central Avenue
Special Assessment
Totals for #K96 Central Avenue
#K98 Billings Street
Special Assessment
Totals for #K98 Billings Street
Adaman Irrigation Water Delivery District
Totals for Adaman Irrigation Water Delivery Dist
Aguila Fire District
Totals for Aguila Fire District
Aguila Irrigation District
Totals for Aguila Irrigation District
Arizona Utilities Community Facilities District
Revenue
Totals for Arizona Utilities Community Facilities
AZ 9-5 Housing
Totals for AZ 9-5 Housing
AZ 9-6 Housing
General Obligation
Totals for AZ 9-6 Housing
AZ 9-7 Housing
Totals for AZ 9-7 Housing
AZ 9-9 Housing
General Obligation
Totals for AZ 9-9 Housing
Berridge Manor IWDD #38
Totals for Berridge Manor IWDD #38

TABLE 27
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN MARICOPA COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Buckeye Valley Fire District
Totals for Buckeye Valley Fire District

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1

$105,000

$15,309

$8,385

$81,306

1
2

$262,825
$367,825

$0
$15,309

$0
$8,385

$262,825
$344,131

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

2
2

$3,085,000
$3,085,000

$0
$0

$0
$0

$3,085,000
$3,085,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

2

$15,250,000

$0

$470,000

$14,780,000

1
3

$4,750,000
$20,000,000

$0
$0

$0
$470,000

$4,750,000
$19,530,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
2
3

$200,000
$13,038,000
$13,238,000

$14,300
$256,000
$270,300

$2,800
$144,000
$146,800

$182,900
$12,638,000
$12,820,900

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$5,785,000
$5,785,000

$3,165,000
$3,165,000

$0
$0

$2,620,000
$2,620,000

Buckeye Water Conservation & Drainage District
Totals for Buckeye Water Conservation & Drain
Chandler Heights Citrus Irrigation District
General Obligation
Special Assessment
Totals for Chandler Heights Citrus Irrigation Dis
Circle City/Morristown Fire District
Totals for Circle City/Morristown Fire District
Citrus Gardens Irrigation Water Delivery District
Totals for Citrus Gardens Irrigation Water Delive
Cottonflower Community Facilities District
General Obligation
Totals for Cottonflower Community Facilities Di
Cuatro Palmas Irrigation Water Delivery District
Totals for Cuatro Palmas Irrigation Water Delive
DC Ranch Community Facilities District
General Obligation
Special Assessment
Totals for DC Ranch Community Facilities Distri
East Morningside Irrigation Water Delivery Dist
Totals for East Morningside Irrigation Water Deli
Electrical District #7
Totals for Electrical District #7
Electrical District #8
Totals for Electrical District #8
Estrella Mountain Ranch Community Facilities Distr
General Obligation
Special Assessment
Totals for Estrella Mountain Ranch Community
Fountain Hills Road District
Totals for Fountain Hills Road District
Fountain Hills Sanitary Dist.
Special Assessment
Totals for Fountain Hills Sanitary Dist.

TABLE 27
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN MARICOPA COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Goodyear Community Facilities General
General Obligation
Special Assessment
Totals for Goodyear Community Facilities Gene

5

$13,900,000

$145,000

$15,000

$13,740,000

2
7

$9,620,000
$23,520,000

$4,504,000
$4,649,000

$110,000
$125,000

$5,006,000
$18,746,000

4
4

$23,390,000
$23,390,000

$230,000
$230,000

$40,000
$40,000

$23,120,000
$23,120,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

7
7

$63,595,000
$63,595,000

$17,820,000
$17,820,000

$0
$0

$45,775,000
$45,775,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$58,225,000
$58,225,000

$1,000,000
$1,000,000

$2,000,000
$2,000,000

$55,225,000
$55,225,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$20,245,000
$20,245,000

$2,275,000
$2,275,000

$565,000
$565,000

$17,405,000
$17,405,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Goodyear Community Facilities Utility
General Obligation
Totals for Goodyear Community Facilities Utility
Groves of Hermosa Vista IWDD
Totals for Groves of Hermosa Vista IWDD
Harquahala Valley Irrigation District
Totals for Harquahala Valley Irrigation District
Harquahala Valley Power District
Totals for Harquahala Valley Power District
Hospital District No. One
General Obligation
Totals for Hospital District No. One
Lamar Irrigation Water Delivery District
Totals for Lamar Irrigation Water Delivery Distri
Laveen Fire District
Totals for Laveen Fire District
Madison Park Irrigation Water Delivery District
Totals for Madison Park Irrigation Water Deliver
Maricopa County Municipal Water Conservation Distr
Totals for Maricopa County Municipal Water Co
Maricopa County Stadium District
Revenue
Totals for Maricopa County Stadium District
Maricopa County Street Lighting Improvement Distri
Totals for Maricopa County Street Lighting Impr
McDowell Homes IWDD #7
Totals for McDowell Homes IWDD #7
McDowell Mountain Ranch Community Facilities Distr
Special Assessment
Totals for McDowell Mountain Ranch Communit
McMicken Irrigation District
Totals for McMicken Irrigation District

TABLE 27
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN MARICOPA COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Miller Road Improvement District
Special Assessment
Totals for Miller Road Improvement District

1
1

$4,435,000
$4,435,000

$200,000
$200,000

$210,000
$210,000

$4,025,000
$4,025,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$5,015,000
$5,015,000

$1,700,000
$1,700,000

$240,000
$240,000

$3,075,000
$3,075,000

1
1

$5,610,000
$5,610,000

$1,770,000
$1,770,000

$270,000
$270,000

$3,570,000
$3,570,000

1
1

$2,575,000
$2,575,000

$2,150,000
$2,150,000

$220,000
$220,000

$205,000
$205,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$832,000
$832,000

$688,000
$688,000

$36,000
$36,000

$108,000
$108,000

1
1

$2,270,000
$2,270,000

$227,950
$227,950

$282,705
$282,705

$1,759,345
$1,759,345

1
1

$2,285,000
$2,285,000

$620,000
$620,000

$425,000
$425,000

$1,240,000
$1,240,000

1
1

$2,125,000
$2,125,000

$1,300,000
$1,300,000

$160,000
$160,000

$665,000
$665,000

1
1

$3,800,000
$3,800,000

$1,060,000
$1,060,000

$825,000
$825,000

$1,915,000
$1,915,000

1
1

$493,000
$493,000

$44,710
$44,710

$46,946
$46,946

$401,344
$401,344

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Myrtle Park Irrigation Water Delivery District
Totals for Myrtle Park Irrigation Water Delivery
Ocotillo Water Conservation District
Totals for Ocotillo Water Conservation District
Peoria Improvement District #8801
Special Assessment
Totals for Peoria Improvement District #8801
Peoria Improvement District #8802
Special Assessment
Totals for Peoria Improvement District #8802
Peoria Improvement District #9002
Special Assessment
Totals for Peoria Improvement District #9002
Peoria Improvement District #9102
Totals for Peoria Improvement District #9102
Peoria Improvement District #9202
Special Assessment
Totals for Peoria Improvement District #9202
Peoria Improvement District #9303
Special Assessment
Totals for Peoria Improvement District #9303
Peoria Improvement District #9601
Special Assessment
Totals for Peoria Improvement District #9601
Peoria Improvement District #9602
Special Assessment
Totals for Peoria Improvement District #9602
Peoria Improvement District #9603
Special Assessment
Totals for Peoria Improvement District #9603
Peoria Improvement District #9801
Special Assessment
Totals for Peoria Improvement District #9801
Rancho Grande Landerwood Irrigation Water Delive
Totals for Rancho Grande Landerwood Irrigatio
Rancho Jardines Irrigation Water Delivery District
Totals for Rancho Jardines Irrigation Water Deli

TABLE 27
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN MARICOPA COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Rancho Solano Improvement District
Totals for Rancho Solano Improvement District

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$5,375,000
$5,375,000

$215,000
$215,000

$275,000
$275,000

$4,885,000
$4,885,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Roosevelt Irrigation District
Totals for Roosevelt Irrigation District
Roosevelt Water Conservation District
Totals for Roosevelt Water Conservation Distric
San Tan Irrigitation District
Totals for San Tan Irrigitation District
Scottsdale Mountain Comm Fac Dist
General Obligation
Totals for Scottsdale Mountain Comm Fac Dist
Southland Irrigation Water & Drainage District
Totals for Southland Irrigation Water & Drainage
Sun City Fire District
Totals for Sun City Fire District
Sun City West Fire District
Totals for Sun City West Fire District
Sun Health Corporation
capital improvements
Revenue
Totals for Sun Health Corporation

1

$27,900,000

$27,770,000

$0

$130,000

2
3

$132,530,000
$160,430,000

$17,820,000
$45,590,000

$3,710,000
$3,710,000

$111,000,000
$111,130,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

2
2

$18,475,000
$18,475,000

$0
$0

$0
$0

$18,475,000
$18,475,000

1
1

$7,705,000
$7,705,000

$1,675,000
$1,675,000

$350,000
$350,000

$5,680,000
$5,680,000

1
1

$28,185,000
$28,185,000

$9,665,000
$9,665,000

$1,795,000
$1,795,000

$16,725,000
$16,725,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Sun Lakes Fire District
Totals for Sun Lakes Fire District
Sunburst Farms Irrigation District
Totals for Sunburst Farms Irrigation District
Sundance Community Facilities District
Special Assessment
Totals for Sundance Community Facilities Distri
Tatum Ranch Comm Fac Dist
Special Assessment
Totals for Tatum Ranch Comm Fac Dist
Tempe Improvement Districts
Special Assessment
Totals for Tempe Improvement Districts
Thoroughbred Farms IWDD #43
Totals for Thoroughbred Farms IWDD #43

TABLE 27
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN MARICOPA COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Tonopah Fire District
Totals for Tonopah Fire District

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$24,000,000
$24,000,000

$0
$0

$0
$0

$24,000,000
$24,000,000

1
1

$3,225,000
$3,225,000

$0
$0

$95,000
$95,000

$3,130,000
$3,130,000

4
4

$6,600,000
$6,600,000

$215,000
$215,000

$100,000
$100,000

$6,285,000
$6,285,000

1
1

$21,250,000
$21,250,000

$0
$0

$0
$0

$21,250,000
$21,250,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

3

$2,240,000

$75,000

$35,000

$2,130,000

1
4

$650,000
$2,890,000

$45,000
$120,000

$15,000
$50,000

$590,000
$2,720,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Tonopah Irrigation District
Totals for Tonopah Irrigation District
Tres Palmas Irrigation Water Delivery District
Totals for Tres Palmas Irrigation Water Delivery
Turney Tract Irrigation Water Delivery District
Totals for Turney Tract Irrigation Water Delivery
Verrado Community Facilities District
General Obligation
Totals for Verrado Community Facilities District
Via Linda Road Community Facilities District
Special Assessment
Totals for Via Linda Road Community Facilities
Village at Litchfield Park CFD
General Obligation
Totals for Village at Litchfield Park CFD
Vistancia Community Facilities District
Special Assessment
Totals for Vistancia Community Facilities Distric
Western Meadows Irrigation District
Totals for Western Meadows Irrigation District
Whitcombs Roundup Ranches IWDD #42
Totals for Whitcombs Roundup Ranches IWDD
Wickenburg Rural Fire District
Totals for Wickenburg Rural Fire District
Wildflower Ranch Community Facilities District
General Obligation
Revenue
Totals for Wildflower Ranch Community Faciliti
Wittman Volunteer Fire District
Totals for Wittman Volunteer Fire District
Woodlea Irrigation Water Delivery District
Totals for Woodlea Irrigation Water Delivery Dist
Woolsey Flood Protection District
Totals for Woolsey Flood Protection District

TABLE 27
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN MARICOPA COUNTY
SPECIAL DISTRICT NAME
Bond Type

capital improvements
General Obligation

# OF
ISSUES

1

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

$27,770,000

$0

$130,000

$27,900,000

33

$161,222,281

$20,519,769

$1,084,232

$139,618,280

5

$195,776,000

$19,425,709

$5,875,204

$170,475,087

Special Assessment

34

$163,383,393

$32,274,596

$5,860,181

$125,248,616

Grand Totals:

73

$548,281,674

$99,990,074

$12,819,617

$435,471,983

Revenue

Return to Table of Contents

TABLE 28
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN MOHAVE COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Bullhead City Fire District
Totals for Bullhead City Fire District

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$12,198,443
$12,198,443

$0
$0

$0
$0

$12,198,443
$12,198,443

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

3
3

$1,531,000
$1,531,000

$781,000
$781,000

$160,000
$160,000

$590,000
$590,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Bullhead City Pest Abatement District
Totals for Bullhead City Pest Abatement District
Bullhead City Sewer Improvement District #2
Special Assessment
Totals for Bullhead City Sewer Improvement Dis
Butler Road Improvement I & II
Totals for Butler Road Improvement I & II
Cerbat Ranch
Totals for Cerbat Ranch
Chloride Fire District
Totals for Chloride Fire District
Colorado City Fire District
Totals for Colorado City Fire District
Crystal Beach Water Conservation District
Totals for Crystal Beach Water Conservation Di
Desert Hills Fire District
Totals for Desert Hills Fire District
Fort Mojave Mesa Fire District
Totals for Fort Mojave Mesa Fire District
Golden Shores Fire District
Totals for Golden Shores Fire District
Golden Shores Water Conservation District
Totals for Golden Shores Water Conservation D
Golden Valley Fire District
Totals for Golden Valley Fire District
Golden Valley Improvement District
Special Assessment
Totals for Golden Valley Improvement District
Grapevine Mesa Fire District
Totals for Grapevine Mesa Fire District

TABLE 28
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN MOHAVE COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Havasu Heights Domestic Water Improvement District
Totals for Havasu Heights Domestic Water Impr

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$647,000
$647,000

$192,000
$192,000

$65,000
$65,000

$390,000
$390,000

1
1

$11,820,000
$11,820,000

$695,000
$695,000

$720,000
$720,000

$10,405,000
$10,405,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$891,000
$891,000

$41,000
$41,000

$75,000
$75,000

$775,000
$775,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

2
2

$6,920,000
$6,920,000

$6,685,000
$6,685,000

$20,000
$20,000

$215,000
$215,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$331,164
$331,164

$240,164
$240,164

$0
$0

$91,000
$91,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Holiday Lighting District
Totals for Holiday Lighting District
Horizon Six
Special Assessment
Totals for Horizon Six
Hospital District #1 of Mohave County
General Obligation
Totals for Hospital District #1 of Mohave County
Hualapai Valley Fire District
Totals for Hualapai Valley Fire District
Lake Havasu City Improvement District
Special Assessment
Totals for Lake Havasu City Improvement Distri
Lake Havasu City Sanitary District
Totals for Lake Havasu City Sanitary District
Lake Havasu Irrigation & Drainage District
Special Assessment
Totals for Lake Havasu Irrigation & Drainage Dis
Moccasin Domestic Water District
Totals for Moccasin Domestic Water District
Mohave County Flood Control District
Totals for Mohave County Flood Control District
Mohave County Improvement District #126
Special Assessment
Totals for Mohave County Improvement District
Mohave County Library District
Totals for Mohave County Library District
Mohave County TV District
Totals for Mohave County TV District
Mohave Valley Fire District
Totals for Mohave Valley Fire District
Mohave Valley Irrigation & Drainage District
Totals for Mohave Valley Irrigation & Drainage D

TABLE 28
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN MOHAVE COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Mohave Water Conservation District
0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$226,000
$226,000

$136,000
$136,000

$25,000
$25,000

$65,000
$65,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$4,500,000
$4,500,000

$0
$0

$450,000
$450,000

$4,050,000
$4,050,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1

$11,820,000

$695,000

$720,000

$10,405,000

Special Assessment

11

$27,244,607

$8,075,164

$795,000

$18,374,443

Grand Totals:

12

$39,064,607

$8,770,164

$1,515,000

$28,779,443

Totals for Mohave Water Conservation District
Pine Lake Fire District
Totals for Pine Lake Fire District
Pinion Pine Fire District
Totals for Pinion Pine Fire District
Rainbow Acres
Special Assessment
Totals for Rainbow Acres
Rancho Verde
Totals for Rancho Verde
Scenic Improvement District
Special Assessment
Totals for Scenic Improvement District
So-Hi Water Improvement District
Totals for So-Hi Water Improvement District
Topock/Golden Shores Sanitary District
Totals for Topock/Golden Shores Sanitary Distri
Truxton Fire District
Totals for Truxton Fire District
Valle Vista Fire District
Totals for Valle Vista Fire District
Yucca Fire District
Totals for Yucca Fire District
General Obligation

Return to Table of Contents

TABLE 29
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN NAVAJO COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Beaver Dam Circle
Special Assessment
Totals for Beaver Dam Circle

1
1

$12,104
$12,104

$605
$605

$1,816
$1,816

$9,683
$9,683

1
1

$185,583
$185,583

$128,224
$128,224

$13,735
$13,735

$43,624
$43,624

1
1

$133,718
$133,718

$66,178
$66,178

$12,280
$12,280

$55,260
$55,260

1
1

$204,220
$204,220

$89,777
$89,777

$22,868
$22,868

$91,575
$91,575

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$220,938
$220,938

$50,942
$50,942

$7,451
$7,451

$162,545
$162,545

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$219,000
$219,000

$144,000
$144,000

$15,000
$15,000

$60,000
$60,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$97,283
$97,283

$39,521
$39,521

$8,887
$8,887

$48,875
$48,875

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Blue Lake Circle
Special Assessment
Totals for Blue Lake Circle
Buck Springs Road Imprvmnt Dist
Special Assessment
Totals for Buck Springs Road Imprvmnt Dist
Chaparral Drive Improvement District
Special Assessment
Totals for Chaparral Drive Improvement District
Clay Springs-Pinedale Fire District
Totals for Clay Springs-Pinedale Fire District
Drifting Snow Loop
Special Assessment
Totals for Drifting Snow Loop
Forest Trails II
Totals for Forest Trails II
Forest Trails III
Special Assessment
Totals for Forest Trails III
Heber Domestic Water Improvement District
Totals for Heber Domestic Water Improvement
Heber-Overgaard Fire District
Totals for Heber-Overgaard Fire District
Heber-Overgaard Sanitary District
Totals for Heber-Overgaard Sanitary District
Hiawatha Trail Improvement District
Special Assessment
Totals for Hiawatha Trail Improvement District
High Country Pines
Totals for High Country Pines
Homestead Road
Totals for Homestead Road
Joseph City Fire District
Totals for Joseph City Fire District

TABLE 29
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN NAVAJO COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Joseph City Sanitary District
Totals for Joseph City Sanitary District

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$88,600
$88,600

$49,723
$49,723

$6,000
$6,000

$32,877
$32,877

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$80,402
$80,402

$44,221
$44,221

$9,548
$9,548

$26,633
$26,633

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$375,056
$375,056

$260,669
$260,669

$38,534
$38,534

$75,853
$75,853

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$5,415,000
$5,415,000

$0
$0

$480,000
$480,000

$4,935,000
$4,935,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$82,628
$82,628

$30,879
$30,879

$7,961
$7,961

$43,788
$43,788

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Lakeside Fire District
Totals for Lakeside Fire District
Linden Fire District
Totals for Linden Fire District
Little Colorado Flood Control District
Totals for Little Colorado Flood Control District
Misty Mountain
Special Assessment
Totals for Misty Mountain
Mogollon Air Park
Totals for Mogollon Air Park
Moon Creek Circle
Special Assessment
Totals for Moon Creek Circle
Mountain Homes Unit II
Totals for Mountain Homes Unit II
Mule Deer Way
Special Assessment
Totals for Mule Deer Way
Navajo County Flood Control District
Totals for Navajo County Flood Control District
Navajo County Library District
Totals for Navajo County Library District
Navapache Hospital District
General Obligation
Totals for Navapache Hospital District
Palomino Drive
Totals for Palomino Drive
Pine Meadows Country Club Improvement Distric
Special Assessment
Totals for Pine Meadows Country Club Improve
Pinedale Domestic Water Improvement District
Totals for Pinedale Domestic Water Improveme

TABLE 29
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN NAVAJO COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Pinetop Fire District
Totals for Pinetop Fire District

0
0

$0
$0

$0
$0

$0
$0

$0
$0

8
8

$2,990,338
$2,990,338

$1,388,538
$1,388,538

$242,248
$242,248

$1,359,552
$1,359,552

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$186,007
$186,007

$22,498
$22,498

$2,050
$2,050

$161,459
$161,459

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$5,630,000
$5,630,000

$1,075,000
$1,075,000

$370,000
$370,000

$4,185,000
$4,185,000

1
1

$4,945,000
$4,945,000

$190,000
$190,000

$275,000
$275,000

$4,480,000
$4,480,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$150,000
$150,000

$135,000
$135,000

$15,000
$15,000

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$458,723
$458,723

$259,090
$259,090

$44,994
$44,994

$154,639
$154,639

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Pinetop-Lakeside Sanitary District
Special Assessment
Totals for Pinetop-Lakeside Sanitary District
Porter Creek Domestic Water Improvement Distri
Totals for Porter Creek Domestic Water Improve
Porter Mountain Domestic Water Improvement Di
Special Assessment
Totals for Porter Mountain Domestic Water Impr
Shoreline Drive
Totals for Shoreline Drive
Show Low Improvement District #5
Special Assessment
Totals for Show Low Improvement District #5
Show Low Improvement District #6
Special Assessment
Totals for Show Low Improvement District #6
Silver Creek County Road
Totals for Silver Creek County Road
Silver Creek Flood Control District
Totals for Silver Creek Flood Control District
Sky High Domestic Water Improvement District
Totals for Sky High Domestic Water Improveme
Soaring Eagle CRID
Special Assessment
Totals for Soaring Eagle CRID
Sweeping Vista
Totals for Sweeping Vista
Timberlake Pines CRID
Special Assessment
Totals for Timberlake Pines CRID
Timberland Acres Special Road District
Totals for Timberland Acres Special Road Distri
White Mountain Lake Fire District
Totals for White Mountain Lake Fire District

TABLE 29
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN NAVAJO COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

White Mountain Lake Special Road District
0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$2,135,450
$2,135,450

$721,450
$721,450

$55,000
$55,000

$1,359,000
$1,359,000

Special Assessment

1
1

$130,118
$130,118

$9,311
$9,311

$19,075
$19,075

$101,732
$101,732

Special Assessment
Totals for Wild Horse Rd #1

1
1

$116,376
$116,376

$82,243
$82,243

$7,585
$7,585

$26,548
$26,548

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1

$5,415,000

$0

$480,000

$4,935,000

Special Assessment

27

$18,441,544

$4,787,869

$1,175,032

$12,478,643

Grand Totals:

28

$23,856,544

$4,787,869

$1,655,032

$17,413,643

Totals for White Mountain Lake Special Road Di
White Mountain Summer Home
Special Assessment
Totals for White Mountain Summer Home
Wild Cat Way
Totals for Wild Cat Way
Wild Horse Rd #1

Woodruff Fire District
Totals for Woodruff Fire District
Woodruff Irrigation District
Totals for Woodruff Irrigation District
General Obligation

Return to Table of Contents

TABLE 30
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN PIMA COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Ajo-Lukeville Health Services District
Totals for Ajo-Lukeville Health Services District

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$503,000
$503,000

$378,000
$378,000

$62,000
$62,000

$63,000
$63,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

2
2

$2,775,000
$2,775,000

$2,293,000
$2,293,000

$309,000
$309,000

$173,000
$173,000

2
2

$11,905,000
$11,905,000

$0
$0

$110,000
$110,000

$11,795,000
$11,795,000

1
1

$2,110,000
$2,110,000

$0
$0

$75,000
$75,000

$2,035,000
$2,035,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Avra Valley Fire District
Totals for Avra Valley Fire District
Cimarron Hills Improvement District
Special Assessment
Totals for Cimarron Hills Improvement District
Corona de Tucson Fire District
Totals for Corona de Tucson Fire District
Cortaro Marana Irrigation District
Totals for Cortaro Marana Irrigation District
Country Club Estates #2
Special Assessment
Totals for Country Club Estates #2
Dove Mountain Resort Community Facilities District
Special Assessment
Totals for Dove Mountain Resort Community Fa
Drexel Heights Fire District
General Obligation
Totals for Drexel Heights Fire District
Flowing Wells Irrigation District
Totals for Flowing Wells Irrigation District
Golder Ranch Fire District
Totals for Golder Ranch Fire District
Green Valley Fire District
Totals for Green Valley Fire District
Heritage Hills Fire District
Totals for Heritage Hills Fire District
Hidden Valley Fire District
Totals for Hidden Valley Fire District
La Canada Fire District
Totals for La Canada Fire District
Marana Water Improvement District
Totals for Marana Water Improvement District

TABLE 30
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN PIMA COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Metropolitan Domestic Water Improvement Dist
Revenue
Totals for Metropolitan Domestic Water Improve

2
2

$52,840,000
$52,840,000

$4,120,000
$4,120,000

$1,980,000
$1,980,000

$46,740,000
$46,740,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$1,822,000
$1,822,000

$182,000
$182,000

$183,000
$183,000

$1,457,000
$1,457,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$4,585,000
$4,585,000

$0
$0

$780,000
$780,000

$3,805,000
$3,805,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$16,785,000
$16,785,000

$9,565,000
$9,565,000

$645,000
$645,000

$6,575,000
$6,575,000

1
1

$6,730,000
$6,730,000

$4,385,000
$4,385,000

$130,000
$130,000

$2,215,000
$2,215,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$33,575,000
$33,575,000

$6,120,000
$6,120,000

$3,405,000
$3,405,000

$24,050,000
$24,050,000

Mount Lemmon Fire District
Totals for Mount Lemmon Fire District
No. La Cholla Blvd Improvement District
Special Assessment
Totals for No. La Cholla Blvd Improvement Distr
North 1st Avenue Sewer
Totals for North 1st Avenue Sewer
North Ranch/Linda Vista Fire District
Totals for North Ranch/Linda Vista Fire District
Northwest Fire District
Totals for Northwest Fire District
Picture Rocks Fire District
Totals for Picture Rocks Fire District
Pima County Flood Control Dist
General Obligation
Totals for Pima County Flood Control Dist
Pima County Library District
Totals for Pima County Library District
Pima County Mobile Home Relocation District
Totals for Pima County Mobile Home Relocation
Pima County Stadium
Totals for Pima County Stadium
Redhawk Canyon Community Facilities District
Special Assessment
Totals for Redhawk Canyon Community Faciliti
Redhawk Canyon Community Facilities District #2
Special Assessment
Totals for Redhawk Canyon Community Faciliti
Rincon Valley Fire District
Totals for Rincon Valley Fire District
Rio Nuevo Multipurpose Facilities District
Certificate of Participation
Totals for Rio Nuevo Multipurpose Facilities Dis

TABLE 30
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN PIMA COUNTY
SPECIAL DISTRICT NAME

# OF
ISSUES

Bond Type

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Sabino Vista Fire District
0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

5
5

$94,510,000
$94,510,000

$1,160,000
$1,160,000

$4,415,000
$4,415,000

$88,935,000
$88,935,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Certificate of Participation

1

$33,575,000

$6,120,000

$3,405,000

$24,050,000

Totals for Sabino Vista Fire District
Three Points Fire District
Totals for Three Points Fire District
Tucson Airport Authority
Revenue
Totals for Tucson Airport Authority
Why Fire District
Totals for Why Fire District

General Obligation

2

$6,695,000

$0

$855,000

$5,840,000

Revenue

7

$147,350,000

$5,280,000

$6,395,000

$135,675,000

Special Assessment

8

$40,520,000

$16,803,000

$1,439,000

$22,278,000

18

$228,140,000

$28,203,000

$12,094,000

$187,843,000

Grand Totals:

Return to Table of Contents

TABLE 31
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN PINAL COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

387 Domestic Water Improvement District
Totals for 387 Domestic Water Improvement Dis

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$1,710,000
$1,710,000

$405,000
$405,000

$155,000
$155,000

$1,150,000
$1,150,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$17,500,000
$17,500,000

$3,950,000
$3,950,000

$755,000
$755,000

$12,795,000
$12,795,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

387 Wastewater Improvement District
Totals for 387 Wastewater Improvement District
Apache Junction Fire District
Certificate of Participation
Totals for Apache Junction Fire District
Apache Villa III, IV & Clearview Lighting District
Totals for Apache Villa III, IV & Clearview Lightin
Apache Villa IIIA Lighting District
Totals for Apache Villa IIIA Lighting District
Apache Villa Lighting District
Totals for Apache Villa Lighting District
Apache Villa V Lighting District
Totals for Apache Villa V Lighting District
Arizona City Fire District
Totals for Arizona City Fire District
Arizona City Improvement District
Totals for Arizona City Improvement District
Arizona City Sanitary District
Totals for Arizona City Sanitary District
Central Arizona Irrigation District
Special Assessment
Totals for Central Arizona Irrigation District
Cottonwood Gardens Lighting District
Totals for Cottonwood Gardens Lighting Distric
Desert Vista Lighting District
Totals for Desert Vista Lighting District
Desert Vista Sanitary District
Totals for Desert Vista Sanitary District
Dudleyville Fire District
Totals for Dudleyville Fire District
Electrical District #2
Totals for Electrical District #2

TABLE 31
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN PINAL COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Electrical District #4
Totals for Electrical District #4

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

2
2

$403,750
$403,750

$37,750
$37,750

$5,150
$5,150

$360,850
$360,850

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$16,188,000
$16,188,000

$7,394,000
$7,394,000

$1,451,000
$1,451,000

$7,343,000
$7,343,000

1
1

$7,780,000
$7,780,000

$2,375,000
$2,375,000

$1,000,000
$1,000,000

$4,405,000
$4,405,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Electrical District #5
Totals for Electrical District #5
Eloy Fire District
Totals for Eloy Fire District
Florence Flood Control District
Totals for Florence Flood Control District
Grand Buttes Fire District
Totals for Grand Buttes Fire District
Hohokam Irrigation & Drainage District
Totals for Hohokam Irrigation & Drainage Distric
Ironwood Manor Lighting District
Totals for Ironwood Manor Lighting District
Mammoth Fire District
Totals for Mammoth Fire District
Maricopa Domestic Water Improvement District
Special Assessment
Totals for Maricopa Domestic Water Improveme
Maricopa Fire District
Totals for Maricopa Fire District
Maricopa Road Improvement District
Totals for Maricopa Road Improvement District
Maricopa Stanfield Irrigation & Drainage
Special Assessment
Totals for Maricopa Stanfield Irrigation & Draina
Maricopa/Rural Road Improvement District
Special Assessment
Totals for Maricopa/Rural Road Improvement Di
New Magma Irrigation & Drainage District
Totals for New Magma Irrigation & Drainage Dist
Oracle Fire District
Totals for Oracle Fire District
Oracle Sanitary District
Totals for Oracle Sanitary District

TABLE 31
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN PINAL COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Papago Butte Domestic Water Improvement District
Totals for Papago Butte Domestic Water Improv

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$397,629
$397,629

$122,783
$122,783

$21,142
$21,142

$253,704
$253,704

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$165,000
$165,000

$135,000
$135,000

$10,000
$10,000

$20,000
$20,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$30,767,000
$30,767,000

$2,454,912
$2,454,912

$1,500,000
$1,500,000

$26,812,088
$26,812,088

1
1

$1,456,000
$1,456,000

$1,295,077
$1,295,077

$17,139
$17,139

$143,784
$143,784

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Papago Butte Irrigation Water Delivery System
Totals for Papago Butte Irrigation Water Deliver
Pinal County Flood Control District
Totals for Pinal County Flood Control District
Pinal County Library District
Totals for Pinal County Library District
Queen Creek Domestic Water Improvement District
Revenue
Totals for Queen Creek Domestic Water Improv
Queen Valley Domestic Water Improvement District
Totals for Queen Valley Domestic Water Improv
Queen Valley Fire District
Totals for Queen Valley Fire District
Queen Valley Sanitary Dist
Special Assessment
Totals for Queen Valley Sanitary Dist
San Carlos Irrigation District
Totals for San Carlos Irrigation District
Skyline Domestic Water Improvement District
Totals for Skyline Domestic Water Improvement
Superstition Lighting District
Totals for Superstition Lighting District
Superstition Mountains Community Facilities Distri
Revenue
Totals for Superstition Mountains Community F
Thunderbird Farms Improvement District
Special Assessment
Totals for Thunderbird Farms Improvement Dist
Thunderbird Irrigation District #1
Totals for Thunderbird Irrigation District #1
Thunderbird Irrigation District #2
Totals for Thunderbird Irrigation District #2
Thunderbird Irrigation District #3
Totals for Thunderbird Irrigation District #3

TABLE 31
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN PINAL COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Villa Grande Improvement District
0
0

$0
$0

$0
$0

$0
$0

$0
$0

Revenue
Totals for Water Utilities Community Facilities D

2
2

$11,420,000
$11,420,000

$5,600,000
$5,600,000

$265,000
$265,000

$5,555,000
$5,555,000

Certificate of Participation

1

$1,710,000

$405,000

$155,000

$1,150,000

Revenue

4

$42,584,629

$8,177,695

$1,786,142

$32,620,792

Special Assessment

7

$43,492,750

$15,186,827

$3,238,289

$25,067,634

12

$87,787,379

$23,769,522

$5,179,431

$58,838,426

Totals for Villa Grande Improvement District
Water Utilities Community Facilities District

Grand Totals:

Return to Table of Contents

TABLE 32
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN SANTA CRUZ COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Nogales Suburban Fire District
1
1

$291,000
$291,000

$250,000
$250,000

$41,000
$41,000

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Special Assessment

1

$291,000

$250,000

$41,000

$0

Grand Totals:

1

$291,000

$250,000

$41,000

$0

Special Assessment
Totals for Nogales Suburban Fire District
Rio Rico Fire District
Totals for Rio Rico Fire District
Santa Cruz County Flood Control District
Totals for Santa Cruz County Flood Control Dist
Tubac Fire District
Totals for Tubac Fire District

Return to Table of Contents

TABLE 33
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN YAVAPAI COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Ash Fork Fire District
Totals for Ash Fork Fire District

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$144,900
$144,900

$53,900
$53,900

$6,000
$6,000

$85,000
$85,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$435,119
$435,119

$243,119
$243,119

$32,881
$32,881

$159,119
$159,119

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$1,552,000
$1,552,000

$72,000
$72,000

$75,000
$75,000

$1,405,000
$1,405,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$60,700
$60,700

$38,700
$38,700

$4,000
$4,000

$18,000
$18,000

Ash Fork Street Lighting District
Totals for Ash Fork Street Lighting District
Big Park #1979
Totals for Big Park #1979
Black Canyon City Water Improvement District
Totals for Black Canyon City Water Improvemen
Black Canyon Fire District
Totals for Black Canyon Fire District
Camp Verde Fire District
Totals for Camp Verde Fire District
Camp Verde Sanitary Dist
Special Assessment
Totals for Camp Verde Sanitary Dist
Central Yavapai Fire District
Totals for Central Yavapai Fire District
Central Yavapai Hospital District
Totals for Central Yavapai Hospital District
Chino Valley Fire District
Totals for Chino Valley Fire District
Chino Valley Irrigation District
Totals for Chino Valley Irrigation District
Congress Domestic Water Improvement District
Special Assessment
Totals for Congress Domestic Water Improveme
Congress Fire District
Totals for Congress Fire District
Coyote Springs Road Improvement District
Special Assessment
Totals for Coyote Springs Road Improvement Di
Creekside Sanitary District
Totals for Creekside Sanitary District
Crown King Fire District
Special Assessment
Totals for Crown King Fire District

TABLE 33
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN YAVAPAI COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Diamond Valley Road Improvement District
Totals for Diamond Valley Road Improvement Di

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$2,500,000
$2,500,000

$0
$0

$0
$0

$2,500,000
$2,500,000

1
1

$162,300
$162,300

$109,300
$109,300

$10,000
$10,000

$43,000
$43,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$7,315,000
$7,315,000

$1,380,000
$1,380,000

$330,000
$330,000

$5,605,000
$5,605,000

1
1

$1,240,000
$1,240,000

$285,000
$285,000

$100,000
$100,000

$855,000
$855,000

1
1

$340,000
$340,000

$255,000
$255,000

$85,000
$85,000

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$120,000
$120,000

$80,000
$80,000

$10,000
$10,000

$30,000
$30,000

1
1

$195,000
$195,000

$80,000
$80,000

$15,000
$15,000

$100,000
$100,000

1
1

$317,180
$317,180

$52,086
$52,086

$27,940
$27,940

$237,154
$237,154

1
1

$24,335,000
$24,335,000

$3,375,000
$3,375,000

$925,000
$925,000

$20,035,000
$20,035,000

1
1

$3,000,000
$3,000,000

$0
$0

$0
$0

$3,000,000
$3,000,000

Eastridge Community Facilities District
General Obligation
Totals for Eastridge Community Facilities Distri
Granite Gardens Sanitary District
Special Assessment
Totals for Granite Gardens Sanitary District
Groom Creek Fire District
Totals for Groom Creek Fire District
Hassayampa Community Facilities District
Special Assessment
Totals for Hassayampa Community Facilities Di
Hassayampa Community Facilities District #2
Special Assessment
Totals for Hassayampa Community Facilities Di
Highland Pines
Special Assessment
Totals for Highland Pines
Iron Springs Sanitary District
Totals for Iron Springs Sanitary District
Mayer Domestic Water Improvement District
Totals for Mayer Domestic Water Improvement
Montezuma Rimrock Fire District
Totals for Montezuma Rimrock Fire District
Peeples Valley Fire District
Totals for Peeples Valley Fire District
Pine Valley Road Improvement District
Special Assessment
Totals for Pine Valley Road Improvement Distric
Ponderosa Park Domestic Water
Special Assessment
Totals for Ponderosa Park Domestic Water
Prescott East Sanitary District
Special Assessment
Totals for Prescott East Sanitary District
Prescott Valley Water Dist
Revenue
Totals for Prescott Valley Water Dist
Pronghorn Ranch Community Facilities District
General Obligation
Totals for Pronghorn Ranch Community Faciliti

TABLE 33
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN YAVAPAI COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Sedona Fire District
0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$14,800,000
$14,800,000

$0
$0

$0
$0

$14,800,000
$14,800,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$95,840
$95,840

$0
$0

$5,044
$5,044

$90,796
$90,796

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$15,260,000
$15,260,000

$1,315,000
$1,315,000

$1,350,000
$1,350,000

$12,595,000
$12,595,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

General Obligation

3

$20,300,000

$0

$0

$20,300,000

Revenue

2

$39,595,000

$4,690,000

$2,275,000

$32,630,000

Special Assessment

12

$11,978,039

$2,649,105

$700,865

$8,628,069

Grand Totals:

17

$71,873,039

$7,339,105

$2,975,865

$61,558,069

Totals for Sedona Fire District
Seligman Fire District
Totals for Seligman Fire District
Seligman Sanitary District
Totals for Seligman Sanitary District
Seligman Street Lighting District
Totals for Seligman Street Lighting District
Stone Ridge Community Facilities District
General Obligation
Totals for Stone Ridge Community Facilities Dis
Sunup Ranch Road Improvement District
Totals for Sunup Ranch Road Improvement Dist
Verde Valley Fire District
Totals for Verde Valley Fire District
Water Improvement District P164
Special Assessment
Totals for Water Improvement District P164
Yarnell Street Lighting District
Totals for Yarnell Street Lighting District
Yavapai County Flood Control District
Totals for Yavapai County Flood Control District
Yavapai County Jail District
Revenue
Totals for Yavapai County Jail District
Yavapai County Library District
Totals for Yavapai County Library District

Return to Table of Contents

TABLE 34
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN YUMA COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Del Sur Estates Imprvmnt Dist
Special Assessment
Totals for Del Sur Estates Imprvmnt Dist

1
1

$191,182
$191,182

$108,082
$108,082

$14,000
$14,000

$69,100
$69,100

1
1

$667,000
$667,000

$301,800
$301,800

$18,600
$18,600

$346,600
$346,600

2
2

$398,285
$398,285

$15,668
$15,668

$16,017
$16,017

$366,600
$366,600

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$7,280,000
$7,280,000

$0
$0

$0
$0

$7,280,000
$7,280,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$2,104,725
$2,104,725

$0
$0

$0
$0

$2,104,725
$2,104,725

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$19,400,000
$19,400,000

$6,065,000
$6,065,000

$1,125,000
$1,125,000

$12,210,000
$12,210,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Donovan Estates Improvement District
Special Assessment
Totals for Donovan Estates Improvement Distric
El Prado Estates Improvement District
Special Assessment
Totals for El Prado Estates Improvement Distric
Hyder Valley Irrigation Water Delivery District
Totals for Hyder Valley Irrigation Water Delivery
Improvement District #67
Special Assessment
Totals for Improvement District #67
North Gila Irrigation District
Totals for North Gila Irrigation District
Unit "B" Irrigation District
Totals for Unit "B" Irrigation District
Wellton-Mohawk Anti-Noxious Weed District
Totals for Wellton-Mohawk Anti-Noxious Weed
Wellton-Mohawk Irrigation & Drainage District
Totals for Wellton-Mohawk Irrigation & Drainage
Yuma County Airport Authority
Special Assessment
Totals for Yuma County Airport Authority
Yuma County Citrus Pest Control District
Totals for Yuma County Citrus Pest Control Dist
Yuma County Hospital District #1
Totals for Yuma County Hospital District #1
Yuma County Improvement District
Totals for Yuma County Improvement District
Yuma County Jail District
Special Assessment
Totals for Yuma County Jail District
Yuma County Library District
Totals for Yuma County Library District
Yuma County Pest Abatement District
Totals for Yuma County Pest Abatement District

TABLE 34
SPECIAL DISTRICT FY 2004 BONDED INDEBTEDNESS IN YUMA COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Yuma Irrigation District
0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Special Assessment

7

$30,041,192

$6,490,550

$1,173,617

$22,377,025

Grand Totals:

7

$30,041,192

$6,490,550

$1,173,617

$22,377,025

Totals for Yuma Irrigation District
Yuma-Mesa Irrigation & Drainage District
Totals for Yuma-Mesa Irrigation & Drainage Dist

Return to Table of Contents

STATE AGENCIES AND UNIVERSITIES
State agencies and universities are
summarized in this section. State agencies
use revenue bonds due to restrictions on
general obligation debt in Arizona. These
revenue bonds are backed primarily by the
revenues generated by the project being
funded. The universities use revenue bonds
and certificates of participation for funding
purposes.
The
Greater
Arizona
Development Authority and the Water
Infrastructure Finance Authority does issue
general obligation bonds, supported by
payments made by the local jurisdictions.
Detail on the outstanding indebtedness of
State Agencies can be found in Table 35 in
the Appendix.
The total outstanding debt for these
agencies at the end of FY 2003/04 was $5.9
billion after $583 million in principal was
retired or refunded during the fiscal year.

However, it should be noted that debt
reported by the Water Infrastructure Finance
Authority
and
the Greater
Arizona
Development Authority is also reported by
the receiving jurisdictions in their respective
sections. Therefore, to avoid doublecounting this indebtedness (by counting it
here and in the section for the receiving
jurisdiction), the total indebtedness of these
two agencies has been removed from the
total noted at the beginning of this
paragraph. (This explains why the total
shown here and on Table 35 are different.)
Please note that the outstanding balances
listed in the report should reflect all
indebtedness as of June 30, 2004.
However, the year-end balances should
reflect any July 1, 2004 payments if the
payment amount has been deposited into a
dedicated fund for the payment of principal.

Return to Table of Contents

TABLE 35
STATE AGENCY AND UNIVERSITY FY 2004 BONDED INDEBTEDNESS
JURISDICTION
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Arizona Criminal Justice Commission
Totals for Arizona Criminal Justice Commission

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

3
3

$27,055,000
$27,055,000

$0
$0

$115,000
$115,000

$26,940,000
$26,940,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Arizona Exposition and State Fair
Totals for Arizona Exposition and State Fair
Arizona Housing Finance Authority
Revenue
Totals for Arizona Housing Finance Authority
Arizona Medical Board
Totals for Arizona Medical Board
Arizona State Parks
Totals for Arizona State Parks
Arizona State University
Certificate of Participation
Revenue
Totals for Arizona State University

5

$84,685,000

$19,540,000

$26,585,000

$38,560,000

13
18

$616,666,000
$701,351,000

$104,548,000
$124,088,000

$14,102,000
$40,687,000

$498,016,000
$536,576,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Automobile Theft Authority
Totals for Automobile Theft Authority
Board for Charter Schools
Totals for Board for Charter Schools
Board of Accoutancy
Totals for Board of Accoutancy
Board of Behavioral Health Examiners
Totals for Board of Behavioral Health Examiners
Board of Chiropractic Examiners
Totals for Board of Chiropractic Examiners
Board of Dispensing Opticians
Totals for Board of Dispensing Opticians
Board of Equalization
Totals for Board of Equalization
Board of Executive Clemency
Totals for Board of Executive Clemency

Loans issued by the Greater AZ Development Authority and the Water Infrastructure Finance Authority are also included in city bond tables.

TABLE 35
STATE AGENCY AND UNIVERSITY FY 2004 BONDED INDEBTEDNESS
JURISDICTION
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Board of Naturopathic Physicians Examiners
Totals for Board of Naturopathic Physicians Exami

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Board of Nursing
Totals for Board of Nursing
Board of Nursing Care Institution Administrators
Totals for Board of Nursing Care Institution Admini
Board of Occupational Therapy
Totals for Board of Occupational Therapy
Board of Optometry
Totals for Board of Optometry
Board of Pharmacy
Totals for Board of Pharmacy
Board of Physical Therapy
Totals for Board of Physical Therapy
Board of Podiatry Examiners
Totals for Board of Podiatry Examiners
Board of Psychologist Examiners
Totals for Board of Psychologist Examiners
Board of Regents
Totals for Board of Regents
Board of Tax Appeals
Totals for Board of Tax Appeals
Board of Technical Registration
Totals for Board of Technical Registration
Boxing Commission
Totals for Boxing Commission
Citizen's Clean Election Commission
Totals for Citizen's Clean Election Commission

Loans issued by the Greater AZ Development Authority and the Water Infrastructure Finance Authority are also included in city bond tables.

TABLE 35
STATE AGENCY AND UNIVERSITY FY 2004 BONDED INDEBTEDNESS
JURISDICTION
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Commission for Postsecondary Education
Totals for Commission for Postsecondary Educatio

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

6
6

$274,985,000
$274,985,000

$19,830,000
$19,830,000

$25,695,000
$25,695,000

$229,460,000
$229,460,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Commission for the Deaf and Hard of Hearing
Totals for Commission for the Deaf and Hard of He
Commission on Indian Affairs
Totals for Commission on Indian Affairs
Commission on Judicial Conduct
Totals for Commission on Judicial Conduct
Commission on Uniform State Laws
Totals for Commission on Uniform State Laws
Cooperative Extension Service
Totals for Cooperative Extension Service
Cosmetology Board
Totals for Cosmetology Board
Court of Appeals Div II
Totals for Court of Appeals Div II
Department of Administration
Certificate of Participation
Totals for Department of Administration
Department of Agriculture
Totals for Department of Agriculture
Department of Building and Fire Safety
Totals for Department of Building and Fire Safety
Department of Economic Security
Totals for Department of Economic Security
Department of Education
Totals for Department of Education
Department of Environmental Quality
Totals for Department of Environmental Quality

Loans issued by the Greater AZ Development Authority and the Water Infrastructure Finance Authority are also included in city bond tables.

TABLE 35
STATE AGENCY AND UNIVERSITY FY 2004 BONDED INDEBTEDNESS
JURISDICTION
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Department of Health Services
Totals for Department of Health Services

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

25
25

$3,197,215,000
$3,197,215,000

$1,156,455,000
$1,156,455,000

$425,815,000
$425,815,000

$1,614,945,000
$1,614,945,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Department of Housing
Totals for Department of Housing
Department of Insurance
Totals for Department of Insurance
Department of Juvenile Corrections
Totals for Department of Juvenile Corrections
Department of Liquor Licenses and Control
Totals for Department of Liquor Licenses and Cont
Department of Mines & Mineral Resources
Totals for Department of Mines & Mineral Resource
Department of Public Safety
Totals for Department of Public Safety
Department of Racing
Totals for Department of Racing
Department of Revenue
Totals for Department of Revenue
Department of Transportation
Revenue
Totals for Department of Transportation
Department of Veteran's Services
Totals for Department of Veteran's Services
Department of Water Resources
Totals for Department of Water Resources
Department of Weights and Measures
Totals for Department of Weights and Measures
Disease Control Research Commission
Totals for Disease Control Research Commission

Loans issued by the Greater AZ Development Authority and the Water Infrastructure Finance Authority are also included in city bond tables.

TABLE 35
STATE AGENCY AND UNIVERSITY FY 2004 BONDED INDEBTEDNESS
JURISDICTION
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Government Information Technology Agency
Totals for Government Information Technology Ag

0
0

$0
$0

$0
$0

$0
$0

$0
$0

12
12

$69,875,000
$69,875,000

$4,365,000
$4,365,000

$2,690,000
$2,690,000

$62,820,000
$62,820,000

38
38

$1,470,108,000
$1,470,108,000

$358,690,000
$358,690,000

$23,705,000
$23,705,000

$1,087,713,000
$1,087,713,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

7
7

$144,270,000
$144,270,000

$11,310,000
$11,310,000

$10,250,000
$10,250,000

$122,710,000
$122,710,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Greater Arizona Development Authority
Revenue
Totals for Greater Arizona Development Authority
Health Facilities Authority
Revenue
Totals for Health Facilities Authority
Homeopathic Board
Totals for Homeopathic Board
Industrial Commission
Totals for Industrial Commission
Joint Legislative Budget Committee
Totals for Joint Legislative Budget Committee
Land Department
Totals for Land Department
Law Enforcement Merit System Council
Totals for Law Enforcement Merit System Council
Legislative Council
Totals for Legislative Council
Northern Arizona University
Revenue
Totals for Northern Arizona University
Office of Administrative Hearings
Totals for Office of Administrative Hearings
Office of the Attorney General
Totals for Office of the Attorney General
Office of the Auditor General
Totals for Office of the Auditor General
Office of the Governor
Totals for Office of the Governor

Loans issued by the Greater AZ Development Authority and the Water Infrastructure Finance Authority are also included in city bond tables.

TABLE 35
STATE AGENCY AND UNIVERSITY FY 2004 BONDED INDEBTEDNESS
JURISDICTION
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Ombudsman Citizens' Aide
Totals for Ombudsman Citizens' Aide

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Osteopathic Board
Totals for Osteopathic Board
Peace Officer Standards & Training
Totals for Peace Officer Standards & Training
Private Postsecondary Education Board
Totals for Private Postsecondary Education Board
Registrar of Contractors
Totals for Registrar of Contractors
Residential Utility Consumer Office
Totals for Residential Utility Consumer Office
School Facilities Board
Certificate of Participation
Revenue
Totals for School Facilities Board

3

$614,500,000

$0

$0

$614,500,000

6
9

$1,067,125,000
$1,681,625,000

$68,045,000
$68,045,000

$29,755,000
$29,755,000

$969,325,000
$1,583,825,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

School for the Deaf & Blind
Totals for School for the Deaf & Blind
Secretary of State's Office
Totals for Secretary of State's Office
State Banking Department
Totals for State Banking Department
State Board of Funeral Directors
Totals for State Board of Funeral Directors
State Dental Board
Totals for State Dental Board
State Library, Archives and Public Records
Totals for State Library, Archives and Public Recor
State Personnel Board
Totals for State Personnel Board

Loans issued by the Greater AZ Development Authority and the Water Infrastructure Finance Authority are also included in city bond tables.

TABLE 35
STATE AGENCY AND UNIVERSITY FY 2004 BONDED INDEBTEDNESS
JURISDICTION
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

State Retirement System
0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

13

$529,692,436

$16,235,000

$16,375,000

$497,082,436

6
19

$272,725,000
$802,417,436

$29,335,000
$45,570,000

$10,970,000
$27,345,000

$232,420,000
$729,502,436

0
0

$0
$0

$0
$0

$0
$0

$0
$0

8
8

$595,645,000
$595,645,000

$64,445,000
$64,445,000

$115,790,000
$115,790,000

$415,410,000
$415,410,000

27

$1,503,862,436

$55,605,000

$68,655,000

$1,379,602,436

Revenue

118

$7,460,684,000

$1,797,193,000

$633,192,000

$5,030,299,000

Grand Totals:

145

$8,964,546,436

$1,852,798,000

$701,847,000

$6,409,901,436

Totals for State Retirement System
State Supreme Court
Totals for State Supreme Court
Structural Pest Control Commission
Totals for Structural Pest Control Commission
Treasurer's Office
Totals for Treasurer's Office
University of Arizona
Certificate of Participation
Revenue
Totals for University of Arizona
Veterinary Medical Examing Board
Totals for Veterinary Medical Examing Board
Water Infrastructure Finance Authority
Revenue
Totals for Water Infrastructure Finance Authority
Certificate of Participation

Return to Table of Contents

Loans issued by the Greater AZ Development Authority and the Water Infrastructure Finance Authority are also included in city bond tables.

OTHER JURISDICTIONS
Political subdivisions that do not belong to a
particular jurisdiction are included in this
section.
Special districts, such as the
Central Arizona Water Conservation District,
which have boundaries that cross county
lines are also included here. Details on the
outstanding
indebtedness
of
Other
Jurisdictions can be found in Table 36.
Total
outstanding
debt
for
these
organizations at the end of FY 2003/04 was
$3.2 billion after $509.3 million in principal

was retired or refunded during the fiscal
year. The largest debt-holder shown here is
Salt River Project.
Please note that the outstanding balances
listed in the report should reflect all
indebtedness as of June 30, 2004.
However, the year-end balances should
reflect any July 1, 2004 payments if the
payment amount has been deposited into a
dedicated fund for the payment of principal.

Return to Table of Contents

TABLE 36
OTHER JURISDICTIONS' FY 2004 BONDED INDEBTEDNESS
JURISDICTION
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/03

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Arizona Power Authority
Revenue
Totals for Arizona Power Authority

2
2

$138,930,000
$138,930,000

$13,915,000
$13,915,000

$64,950,000
$64,950,000

$60,065,000
$60,065,000

1
1

$98,000,000
$98,000,000

$0
$0

$31,263,110
$31,263,110

$66,736,890
$66,736,890

1
1

$602,000
$602,000

$113,000
$113,000

$53,000
$53,000

$436,000
$436,000

2
2

$254,350,000
$254,350,000

$0
$0

$795,000
$795,000

$253,555,000
$253,555,000

5
5

$437,827,536
$437,827,536

$300,442,650
$300,442,650

$16,710,000
$16,710,000

$120,674,886
$120,674,886

1
1

$15,355,000
$15,355,000

$0
$0

$0
$0

$15,355,000
$15,355,000

Arizona Research Park Authority
Revenue
Totals for Arizona Research Park Authority
Arizona Strip Landfill Governmental
Revenue
Totals for Arizona Strip Landfill Governmental
Arizona Tourism and Sports Authority
Revenue
Totals for Arizona Tourism and Sports Authority
Central Az Water Conservation Dist
Revenue
Totals for Central Az Water Conservation Dist
Northern Arizona Capital Facilities Finance Corp
Revenue
Totals for Northern Arizona Capital Facilities Fina
Salt River Project
1

$282,680,000

$0

$0

$282,680,000

16
17

$5,083,200,400
$5,365,880,400

$2,318,572,200
$2,318,572,200

$395,428,800
$395,428,800

$2,369,199,400
$2,651,879,400

1
1

$20,875,000
$20,875,000

$0
$0

$120,000
$120,000

$20,755,000
$20,755,000

2
2

$34,650,000
$34,650,000

$0
$0

$0
$0

$34,650,000
$34,650,000

1

$282,680,000

$0

$0

$282,680,000

Revenue

31

$6,083,789,936

$2,633,042,850

$509,319,910

$2,941,427,176

Grand Totals:

32

$6,366,469,936

$2,633,042,850

$509,319,910

$3,224,107,176

Certificate of Participation
Revenue
Totals for Salt River Project
Southern Arizona Capital Facilities
Revenue
Totals for Southern Arizona Capital Facilities
Stone Container Corp
Revenue
Totals for Stone Container Corp
Certificate of Participation

Return to Table of Contents

SECTION TWO

FY 2003/04 NEW ISSUES

FY 2003/04 NEW ISSUES6
Throughout FY 2003/04 $5.102 billion in
new debt was reported by Arizona political
subdivisions. Of the $5.102 billion in new
debt, $1.588 billion was directly attributed to
refunding old debt.
The following table lists new debt by county
as well as the portion recognized as
refunding.
COUNTY

NEW DEBT

REFUNDING

Apache

$14,545,000

$7,260,000

Cochise

$0

$6,645,000

Coconino

$38,533,771

$21,800,000

Gila

$0

$0

Graham

$0

$0

Greenlee

$0

$0

La Paz

$3,770,000

$4,285,000

$1,206,936,491

$871,905,000

Mohave

$108,343,984

$5,975,000

Navajo

$12,535,000

$185,045,000

Other

$367,630,000

$122,110,000

Pima

$397,398,543

$265,245,000

Pinal

$70,053,544

$4,820,000

Santa Cruz

$11,165,000

$0

Maricopa

State

$1,227,285,000

$78,470,000

Yavapai

$37,406,286

$9,535,000

Yuma

$18,739,343

$5,215,000

Total

$3,514,341,962

$1,588,310,000

COUNTIES
During the FY 2003/04, four counties
reported six new bond issues totaling $183.8
million. Of this amount, $71.8 million is
attributable to a General Obligation bonds,
$60.7 million is in the form of a Revenue
bonds, $19.3 million is in the form of a
Lease Purchase and $4.5 million is for
Certificates of Participation.
New county debt for FY 2003/04 can be
found in Table 37.

6Copies

CITIES AND TOWNS
City and town debt comes in a variety of
forms including general obligation, revenue,
special
assessment,
certificates
of
participation, lease purchase, and municipal
property corporation bonds. In general,
cities and towns obtain debt to improve
roads, highways, waste water systems and
other municipal facilities.
During FY 2003/04, thirty three cities and
towns incurred $1,386.2 million in new debt.
The following is a breakdown of this total:
⇓
$9.9 million in a certificate of
participation, reported by one city;
⇓
$581.0 million in general obligation
debt, reported by 11 cities and towns;
⇓
$9.0 million in the form of lease
purchases, reported by six cities and towns;
⇓
$224.7 million in debt issued
through municipal property corporations,
reported by nine cities and towns;
⇓
$554.2 million in revenue bonds,
reported by 19 cities and towns; and
⇓
$7.3 million in a special assessment
bond, reported by one city;
Projects for new debt issued by cities in
towns during FY 2003/04 include: $415.8
million for wastewater and sewer projects,
$124.6 million for streets/highways, $443.8
million for municipal improvement projects,
$11.7 million for various lease, and $390.3
million for refunding.
Detail of the new debt issues reported by
cities and towns for this fiscal year can be
found in Table 38.

COMMUNITY COLLEGES
Authorized
as
separate
municipal
jurisdictions from the counties, community

of the Report of Bond and Security Issuance forms as provided by the jurisdictions can
be obtained upon request.

colleges have the authority to levy property
taxes, and, therefore, can issue general
obligation bonds. Of the ten community
college districts statewide, only four reported
new debt during FY 2003/04.
These
community colleges reported $31.7 million in
revenue bonds and $100.6 million in general
obligation debt.
Detail on new issues by Community
Colleges can be found in Table 39.

SCHOOL DISTRICTS
As discussed in section one, school districts
incur, primarily, general obligation debt,
subject to the limitations established by the
constitution. During FY 2003/04, forty of
Arizona school districts reported new
general obligation debt in the amount of
$803.0 million (of this amount $572.2 million
of this amount was for refunding). An
additional $12.1 million was reported by
seven school districts in the form of long
term lease purchase agreements and $25.6
million was reported by three school districts
in the form of revenue bonds.
Eleven of the fifteen Arizona counties had
school districts that issued new debt.
Maricopa county schools accounted for
approximately 69% of all new general
obligation debt by issuing $537.4 million. Of
this amount, $351.8 million is to be used in a
refunding capacity. The remaining $185.7
million is for improvement projects of various
types.
Arizona school districts that reported debt
for FY 2003/04 had, as of the date of their
report, outstanding debt in the amount of
$4.7 billion. New debt and new lease
purchases, then, account for 17.1% of total
outstanding debt for school districts.
Detail of all new debt issued by school districts
in FY 2003/04 can be found in Table 40.

SPECIAL DISTRICTS
Special districts are created within a county
and organized to complete a specified
project. Debt issued by these jurisdictions is
not the ultimate responsibility of the county.
Special district debt can take the form of
general obligation, revenue, and special
assessment bonds:

During FY 2003/04, sixteen special districts
incurred $66.7 million in new debt. The
following is a breakdown of this total:
⇓
$24.8 million in revenue bonds,
issued by 5 special districts;
⇓
$18.7 million in special assessment
bonds, issued by 7 special districts;
⇓
$4.9 million in lease purchase debt,
issued by 3 special districts.
⇓
$18.4 million in general obligation
bonds, issued by 3 special districts.
Detail of all new debt issued by special
districts for FY 2003/04 can be found in
Table 41.

INDUSTRIAL DEVELOPMENT
AUTHORITIES
As discussed earlier, Industrial Development
Authorities (IDAs) do not have the authority to
levy taxes, and, therefore, can issue only
revenue bonds. During FY 2003/04, Arizona
IDAs reported new debt in the amount of
$735.0 million. Of this amount, 40.8%, or
$300.1 million, was issued by IDAs located in
Maricopa County. In all, five county IDAs and
six city IDAs issued debt in FY 2003/04.
IDAs are organized for specific projects that
usually involve housing or rental properties.
Almost 39% of new debt, or $282.7 million,
was reported as being used on single and
multi-family housing projects. In addition,
IDAs can be created to fund utility projects,
hospitals, water/sewer projects, university
and charter school projects.
Detail of new debt issued by IDAs in FY
2003/04 can be found in Table 42.

STATE AGENCIES, UNIVERSITIES
AND OTHERS
Entities listed in this section issue, almost
exclusively, revenue bonds.
However,
during FY 2003/04, several certificates of
participation were issued as well:

⇓
$962.5 million in revenue bonds,
issued by nine agencies, universities and
others;
⇓
$833.0 million in certificates of
participation bonds, issued by one agency,
two universities; and others.

Detail of new debt issued by state agencies,
universities and other jurisdictions for FY
2003/04 can be found in Table 43.

Return to Table of Contents

TABLE 37
COUNTY NEW ISSUES IN FY 2004
Name

Bond Type

# of Issues

Apache

Certificate of Participation

1

$4,450,000

Maricopa
Mohave

Revenue
Lease Purchase

1
1

$16,880,000
$19,320,000

Pima

Certificates of Participation

1

$27,525,000

Pima
Pima

General Obligation
Revenue

2
2

$71,880,000
$43,785,219

Grand Total:

Return to Table of Contents

Amount

$183,840,219

TABLE 38
CITY NEW ISSUES IN FY 2004
Name

Bond Type

# of Issues

Amount

Apache Junction
Bullhead City MPC

Revenue
Municipal Property Corp

1
1

$6,665,000
$8,260,000

Casa Grande

Revenue

1

$18,120,000

Douglas
Eagar

Municipal Property Corp
Revenue

1
1

$4,165,000
$2,810,000

El Mirage

General Obligation

1

$4,855,000

Flagstaff
General Obligation
Flagstaff (Municipal Facilities Cor Revenue

1
1

$8,950,000
$25,000,000

Florence

Lease Purchase

2

$53,544

Gilbert
Gilbert

General Obligation
Revenue

1
2

$17,300,000
$60,225,000

Glendale

General Obligation

1

$36,645,000

Glendale
Glendale

Lease Purchase
Municipal Property Corp

1
1

$665,000
$10,880,000

Glendale
Glendale MPC

Revenue
Municipal Property Corp

2
2

$94,655,000
$9,865,000

Goodyear

Certificates of Participation

2

$9,865,000

Goodyear
Lake Havasu City

General Obligation
Revenue

1
2

$10,800,000
$9,500,000

Marana MPC

Municipal Property Corp

1

$19,700,000

Mesa
Mesa

General Obligation
Revenue

1
5

$46,445,000
$146,665,000

Nogales

Revenue

2

$11,165,000

Oro Valley MPC
Paradise Valley

Municipal Property Corp
Lease Purchase

2
1

$47,500,000
$1,500,000

Phoenix

General Obligation

2

$250,870,000

Phoenix
Revenue
Phoenix Civic Improvement Corp Revenue

1
2

$11,325,000
$27,700,000

Pinetop-Lakeside
Prescott

1
1

$1,435,000
$6,420,000

Prescott Valley Municipal Propert Lease Purchase

1

$4,580,000

Quartzsite
Quartzsite MPC

Revenue
Lease Purchase

1
1

$1,520,000
$2,250,000

Queen Creek

Revenue

1

$5,530,000

Scottsdale
Scottsdale

General Obligation
Municipal Property Corp

2
1

$129,665,000
$75,000,000

Scottsdale

Revenue

1

$18,880,000

Scottsdale Preserve Authority
Surprise MPC

Revenue
Municipal Property Corp

1
1

$22,925,000
$42,860,000

Tempe
Tempe

General Obligation
Revenue

2
1

$38,675,000
$37,595,000

Revenue
Municipal Property Corp

TABLE 38
CITY NEW ISSUES IN FY 2004
Name

Bond Type

# of Issues

Tolleson
Tucson

General Obligation
General Obligation

2
1

$21,830,000
$15,000,000

Tucson

Revenue

5

$49,065,000

Williams
Yuma

Revenue
Special Assessment

1
1

$3,590,000
$7,280,000

Grand Total:

Return to Table of Contents

Amount

$1,386,248,544

TABLE 39
COMMUNITY COLLEGE NEW ISSUES IN FY 2004
Name

Bond Type

# of Issues

Central Arizona

Revenue

2

$24,030,000

Maricopa CC
Maricopa CC

General Obligation
Revenue

1
1

$66,610,000
$7,655,000

Navajo CC

General Obligation

1

$9,015,000

Yavapai College

General Obligation

1

$25,000,000

Grand Total:

Return to Table of Contents

Amount

$132,310,000

TABLE 40
SCHOOL DISTRICT NEW ISSUES IN FY 2004
Dist. #

Name

County

20

Ganado USD

Apache

Revenue

1

$14,545,000

9
15

Benson USD
Tuba City USD

Cochise
Coconino

General Obligation
Revenue

1
1

$2,480,000
$6,265,000

4

Bond Type

# of Issues

Amount

Quartzsite ESD

La Paz

General Obligation

1

$1,615,000

Bicentennial UHSD
Phoenix ESD

La Paz
Maricopa

General Obligation
General Obligation

1
2

$2,670,000
$20,670,000

2
3

Riverside ESD
Tempe ESD

Maricopa
Maricopa

General Obligation-Class B
General Obligation

1
1

$3,250,000
$9,925,000

5

Isaac School District

Maricopa

General Obligation

1

$3,500,000

6
6

Washington ESD
Washington ESD

Maricopa
Maricopa

General Obligation
General Obligation-Class B

1
1

$35,030,000
$18,000,000

76
1

11

Peoria USD

Maricopa

General Obligation

1

$36,405,000

11
38

Peoria USD
Madison ESD

Maricopa
Maricopa

Lease Purchase
General Obligation

1
1

$43,366
$23,675,000

40

Glendale ESD

Maricopa

General Obligation

1

$5,195,000

40
45

Glendale ESD
Fowler ESD

Maricopa
Maricopa

General Obligation-Class B
General Obligation-Class B

1
1

$18,390,000
$3,200,000

48

Scottsdale USD

Maricopa

General Obligation

1

$32,190,000

60
68

Higley USD
Alhambra ESD

Maricopa
Maricopa

General Obligation-Class B
General Obligation

1
1

$12,800,000
$11,115,000

69
80

Paradise Valley USD
Chandler USD

Maricopa
Maricopa

General Obligation
General Obligation

1
1

$16,000,000
$20,000,000

89

Dysart USD

Maricopa

General Obligation-Class B

1

$28,500,000

89
92

Dysart USD
Pendergast ESD

Maricopa
Maricopa

Lease Purchase
General Obligation-Class B

1
1

$131,067
$1,550,000

92

Pendergast ESD

Maricopa

Lease Purchase

1

$242,176

97
97

Deer Valley USD
Deer Valley USD

Maricopa
Maricopa

General Obligation
General Obligation-Class B

1
1

$46,645,000
$25,500,000

205

Glendale UHSD

Maricopa

General Obligation-Class B

1

$50,000,000

205
210

Glendale UHSD
Phoenix UHSD

Maricopa
Maricopa

Lease Purchase
General Obligation

1
1

$300,300
$57,800,000

213
214

Tempe UHSD
Tolleson UHSD

Maricopa
Maricopa

General Obligation
General Obligation-Class B

1
1

$33,605,000
$15,000,000

216

Agua Fria UHSD

Maricopa

General Obligation-Class B

1

$9,465,000

1
1

Lake Havasu USD
Lake Havasu USD

Mohave
Mohave

General Obligation
Lease Purchase

1
4

$5,975,000
$1,203,541

1

Winslow USD

Navajo

General Obligation-Class B

1

$3,345,000

5
10

Snowflake USD
Show Low USD

Navajo
Navajo

General Obligation-Class B
General Obligation

1
1

$6,300,000
$6,535,000

25

Cedar USD

Navajo

Revenue

1

$4,800,000

1

Tucson USD

Pima

General Obligation

1

$140,140,000

TABLE 40
SCHOOL DISTRICT NEW ISSUES IN FY 2004
Dist. #
1
6
12

Name

County

Bond Type

# of Issues

Amount

Tucson USD

Pima

Lease Purchase

3

$3,540,074

Marana USD
Sunnyside USD

Pima
Pima

General Obligation
General Obligation

1
1

$23,385,000
$10,270,000

13

Tanque Verde USD

Pima

General Obligation

1

$2,155,000

16
24

Catalina Foothills USD
Stanfield ESD

Pima
Pinal

General Obligation
General Obligation

1
1

$13,370,000
$150,000

24
82

Stanfield ESD
Casa Grande UHSD

Pinal
Pinal

General Obligation-Class B
Lease Purchase

1
2

$1,185,000
$2,000,000

28

Camp Verde USD

Yavapai

General Obligation

1

$3,115,000

Yuma ESD
Yuma ESD

Yuma
Yuma

General Obligation
Lease Purchase

1
3

$5,215,000
$4,654,618

1
1

Grand Total:

Return to Table of Contents

$803,040,143

TABLE 41
SPECIAL DISTRICT NEW ISSUES IN FY 2004
Name

County

Bond Type

# of Issues

Oakwood Pines Improvement Dist

Coconino

Special Assessment

1

$163,600

Pinewood Sanitary Dist
Pinon County Improvement District

Coconino
Coconino

Lease Purchase
Special Assessment

1
1

$631,530
$181,641

Toho-Tolani County Improvement Dist

Coconino

Special Assessment

1

$2,590,000

Tusayan Fire Dist
Cottonflower Community Facilities Dist

Coconino
Maricopa

Lease Purchase
General Obligation

1
2

$112,000
$3,085,000

Goodyear Community Facilities General Dist #1
Goodyear Community Facilities Utilities Dist #1

Maricopa
Maricopa

General Obligation
General Obligation

1
1

$5,295,000
$7,870,000

Sewer Improvement Dist #2

Mohave

Special Assessment

1

$12,198,443

Drexel Heights Fire Dist
Northwest Fire District

Pima
Pima

General Obligation
Lease Purchase

1
2

$2,110,000
$4,191,500

Electrical Dist #3

Pinal

Revenue

2

$18,000,000

Water Utilities Community Facilities Dist
Eastridge Community Facilities Dist

Pinal
Yavapai

Revenue
Special Assessment

1
1

$4,670,000
$2,500,000

Raven Ridge Community Facilities Dist

Yavapai

Special Assessment

1

$925,446

Water Improvement Dist P164
Yuma County Airport Authority, Inc

Yavapai
Yuma

Special Assessment
Revenue

1
1

$95,840
$2,104,725

Grand Total:

Amount

$66,724,725

TABLE 42
INDUSTRIAL DEVELOPMENT AUTHORITY NEW ISSUES FY 2004
Name

Jurisdiction

Date

Amount

Purpose

Arizona Pollution County IDA

3/31/2004

$166,150,000 Refunding

Arizona Pollution County IDA

3/31/2004

$12,850,000 Refunding

Glendale
Maricopa

City IDA
County IDA

5/27/2004
5/13/2004

$7,180,000 Refunding (Arizona Baptist Retirement Centers, I
$14,500,000 Refunding (San Fernando Apartments Project)

Maricopa

County IDA

12/23/2003

Maricopa
Maricopa

County IDA
County IDA

3/1/2004
3/4/2004

$18,045,000 Christian Care Mesa II, Inc Project
$18,200,000 Refunding (San Clemente Apartments Project)

Maricopa
Maricopa

County IDA
County IDA

9/5/2003
9/3/2003

$12,600,000 Multifam Housing-Desert Eagle Estates Project
$18,200,000 San Clemente Apartments

Maricopa

County IDA

10/30/2003

Maricopa
Maricopa

County IDA
County IDA

5/6/2004
5/13/2004

Maricopa

County IDA

9/3/2003

Maricopa
Maricopa

County IDA
County IDA

8/27/2003
8/27/2003

Mohave

County IDA

4/8/2004

Peoria
Phoenix

City IDA
City IDA

11/20/2003
1/16/2004

$5,305,000 Refunding (Arizona Baptist Retirement Centers I
$5,842,000 Charter School, Keystone Montessori

Phoenix
Phoenix

City IDA
City IDA

1/30/2004
11/4/2003

$7,550,000 Refunding (California Sunrise Villas Apartments)
$7,550,000 California Sunrise Villas Apartments

Pima

County IDA

8/26/2003

$10,970,000 Charter School Project-Phoenix Advantage

Pima
Pima

County IDA
County IDA

3/4/2004
8/29/2003

$12,495,000 Charter School - Noah Webster Basic School Pro
$5,825,000 Charter School - Desert Heights

Pima

County IDA

8/26/2003

$4,690,000 Charter School - The Excalibur

Pima
Pima

County IDA
County IDA

5/18/2004
4/8/2004

$1,885,000 Charter School, BASIS School, Inc
$5,620,000 Arizona Charter Schools Project

Pima

County IDA

12/18/2003

Pima
Pima

County IDA
County IDA

2/25/2004
3/9/2004

$6,290,000 Charter School -Skyline Technical High School
$6,735,000 Arizona Charter Schools Project

Pima

County IDA

9/25/2003

$3,091,000 Charter School - Tucson Country Day School

Pima
Pima

County IDA
County IDA

2/12/2004
12/15/2003

$3,835,000 Charter School - Desert Technology Schools
$12,500,000 Windsong Apartments Project

Pima
Pima

County IDA
County IDA

1/23/2004
5/20/2004

Pima

County IDA

Prescott
San Luis

City IDA
City IDA

10/30/2003
7/30/2003

Tempe

City IDA

10/28/2003

4/29/2004

$27,000,000 Multifamily Housing

$13,700,000 Refunding (San Lucas Apartments)
$8,080,000 Deer Valley Gardens Apartments
$18,000,000 Refunding (San Angelin Apartments Project)
$14,500,000 San Fernando Apartments
$6,951,782 Single Family Mortgage
$49,295,799 Single Family Mortgage
$57,862,000 Mohave Prison, LLC Project

$1,105,750 Charter School - Challenger Basic

$100,000,000 Single Family Mortgage ***DRAW DOWN***
$5,985,000 Charter School-Heritage Elementary School
$8,000,000 Single Family Mortgage
$4,305,000 Prescott College Project
$4,700,000 Goodwill Industries of Central Arizona, Inc
$47,600,000 ASU Foundation Project

TABLE 42
INDUSTRIAL DEVELOPMENT AUTHORITY NEW ISSUES FY 2004
Name

Jurisdiction

Date
Grand Total:

Amount
$734,993,331

Purpose

TABLE 43
STATE AGENCY, UNIVERSITY AND OTHER NEW ISSUES FY 2004
Jurisdiction

Date

Amount

Purpose

Arizona Housing Finance Authority

12/1/2003

$7,700,000

Arizona Housing Finance Authority

6/29/2004

$10,000,000

Single Family Mortgage

Arizona State University
Arizona State University

4/20/2004
6/22/2004

$22,495,000
$39,250,000

Refunding
Refunding

Arizona State University

10/23/2003 $103,000,000

Department of Administration
Department of Administration

Santa Carolina Apartments Project

Various Improvement Projects

5/27/2004
5/11/2004

$31,965,000
$16,725,000

Lease of Property
Refunding

Greater Arizona Development Authorit 2/19/2004
Greater Arizona Development Authorit 10/1/2003

$12,955,000
$11,230,000

Public Infrastructure
GADA Infrastructure

Health Facilities Authority

10/15/2003

$61,750,000

The Terraces Project

Health Facilities Authority
Northern Arizona University

12/30/2003
11/25/2003

$5,500,000
$31,000,000

Lease Purchase
Improvement Projects

Salt River Project

12/18/2003 $282,680,000

Salt River Project
School Facilities Board

1/7/2004 $122,110,000
3/18/2004 $47,160,000

School Facilities Board

9/4/2003 $194,610,000

School Facilities Board
University of Arizona

10/8/2003 $247,125,000
6/2/2004 $17,780,000

University of Arizona
University of Arizona

6/10/2004 $41,400,000
10/22/2003 $153,960,000

University of Arizona

6/10/2004

Water Infrastructure Finance Authority

$42,020,000

4/7/2004 $293,080,000

Grand Total:

Desert Basin Generating Station Lease P
Refunding
Lease Purchase School Buildings
Lease Agreement
Correction Deficiencies in Facilities
University of Arizona/Drachman Hall Proj
University of Arizona Projects
Improvement Projecs
University of Arizona Projects
Water Quality Projects / Refunding

$1,795,495,000

Return to Table of Contents

SECTION THREE

INDUSTRIAL DEVELOPMENT AUTHORITIES

INDUSTRIAL DEVELOPMENT AUTHORITIES
Although Industrial Development Authorities
(IDAs) are political subdivisions according to
Arizona law, they do not have the power of
taxation. Therefore, they can only issue
revenue bonds.
Revenue bonds are
secured primarily by the revenues that are
generated from the rents or fees paid by the
users of the project being funded.
IDAs, through statutory agents, are
responsible for reporting on outstanding
indebtedness.
Each bond’s trustee,
however, provides information on individual
outstanding bonds, to the statutory agents.
As the statutory agents do not maintain
bond information themselves, they rely on
the trustees to provide information in a
timely manner. In many instances, trustees
do not provide the necessary information in
a timely manner, and therefore the IDA is
not able to provide current information on all
bonds.
COUNTY INDUSTRIAL DEVELOPMENT
AUTHORITIES
Reports were received from twelve IDAs in
FY 2003/04. Apache, Navajo and Pinal
County IDAs have outstanding bonds;
however, they failed to submit reports.
Reports were also received from the
Pollution Control Corporation of Cochise
County, the Pollution Control Corporation of
Coconino County, the Pollution Control
Corporation of Navajo County and Stone
Container
Corporation,
all
industrial
development authorities. Both the La Paz
IDA and the Santa Cruz County IDA
reported no outstanding bonds.
Total outstanding debt reported for county
IDAs was $3.928 billion at the end of FY
2003/04, after $394.5 million in principal was
retired or refunded during the fiscal year.
The total outstanding debt may be lower
than presented here due to payments that
were made, but not reported by the trustees.
In addition to this debt, there is believed to
be outstanding bonds in Apache, Navajo
and Pinal County IDAs, for which no reports
were filed.

Detail on the outstanding indebtedness
reported by county IDAs can be found in
Table 44.
CITY/TOWN INDUSTRIAL
DEVELOPMENT AUTHORITIES
Twenty-eight City/Town IDAs provided bond
reports for FY 2003/04. The report for the
Tempe IDA, included in this count, was filed
but contained no information. The statutory
agent was unable to get any information
from the trustees. Eighteen of the remaining
twenty-seven IDAs reported outstanding
bonds; nine reported no outstanding bonds.
Glendale, Peoria and San Luis have
outstanding bonds but they failed to provide
reports.
Total outstanding debt for City/Town IDAs at
the end of FY 2003/04 was $2.388 billion.
During the fiscal year, $209.0 million in
principal was retired or refunded.
Detail on the outstanding indebtedness of
City and Town IDAs can be found in Table
45.
JOINT CITY/COUNTY INDUSTRIAL
DEVELOPMENT AUTHORITY BONDS
Beginning in FY 1999/00 we began
receiving information on joint issues
involving city and county IDAs. In an effort
to represent these bonds in both the county
IDA and city/town IDA sections of this report
and to avoid double counting, these bonds
have been split in half and included in both
sections where applicable.
Detail on new joint city/county IDA bonds
issues can be found on Table 42 in Section
Two of this report.
Please note that the outstanding balances
listed in the report should reflect all
indebtedness as of June 30, 2003.
However, the year-end balances should
reflect any July 1, 2003 payments if the
payment amount has been deposited into a
dedicated fund for the payment of principal.

Return to Table of Contents

TABLE 44
COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY FY 2004 BONDED INDEBTEDNESS
COUNTY
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Cochise
Revenue

10
10

$102,170,000
$102,170,000

$28,242,856
$28,242,856

$6,260,000
$6,260,000

$67,667,144
$67,667,144

Revenue

11
11

$208,950,000
$208,950,000

$780,000
$780,000

$12,850,000
$12,850,000

$195,320,000
$195,320,000

Revenue

2
2

$80,700,000
$80,700,000

$0
$0

$340,000
$340,000

$80,360,000
$80,360,000

Revenue

3
3

$19,664,000
$19,664,000

$2,723,794
$2,723,794

$762,718
$762,718

$16,177,488
$16,177,488

Revenue
Totals for Greenlee

1
1

$81,100,000
$81,100,000

$0
$0

$0
$0

$81,100,000
$81,100,000

Totals for La Paz

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Revenue

169
169

$2,324,505,674
$2,324,505,674

$303,900,067
$303,900,067

$214,078,784
$214,078,784

$1,806,526,823
$1,806,526,823

Revenue

14
14

$196,637,475
$196,637,475

$13,015,000
$13,015,000

$67,982,100
$67,982,100

$115,640,375
$115,640,375

Revenue

3
3

$200,800,000
$200,800,000

$0
$0

$0
$0

$200,800,000
$200,800,000

Revenue

131
131

$1,795,540,251
$1,795,540,251

$470,290,616
$470,290,616

$89,629,315
$89,629,315

$1,235,620,320
$1,235,620,320

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Revenue

11
11

$139,425,000
$139,425,000

$12,927,946
$12,927,946

$2,171,759
$2,171,759

$124,325,295
$124,325,295

Revenue

1
1

$5,609,556
$5,609,556

$220,348
$220,348

$460,127
$460,127

$4,929,081
$4,929,081

Revenue

356

$5,155,101,956

$832,100,627

$394,534,803

$3,928,466,526

Grand Totals:

356

$5,155,101,956

$832,100,627

$394,534,803

$3,928,466,526

Totals for Cochise
Coconino
Totals for Coconino
Gila
Totals for Gila
Graham
Totals for Graham
Greenlee

La Paz

Maricopa
Totals for Maricopa
Mohave
Totals for Mohave
Navajo
Totals for Navajo
Pima
Totals for Pima
Santa Cruz
Totals for Santa Cruz
Yavapai
Totals for Yavapai
Yuma
Totals for Yuma

Return to Table of Contents

TABLE 45
CITY INDUSTRIAL DEVELOPMENT AUTHORITY FY 2004 BONDED INDEBTEDNESS
CITY
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Avondale
Revenue

1
1

$3,085,000
$3,085,000

$695,000
$695,000

$140,000
$140,000

$2,250,000
$2,250,000

Revenue

1
1

$960,000
$960,000

$0
$0

$300,000
$300,000

$660,000
$660,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Revenue

7
7

$50,995,000
$50,995,000

$5,120,000
$5,120,000

$245,000
$245,000

$45,630,000
$45,630,000

Revenue

8
8

$48,622,136
$48,622,136

$11,325,980
$11,325,980

$6,570,901
$6,570,901

$30,725,255
$30,725,255

Revenue
Totals for Douglas

1
1

$1,710,000
$1,710,000

$585,000
$585,000

$0
$0

$1,125,000
$1,125,000

Totals for Eloy

0
0

$0
$0

$0
$0

$0
$0

$0
$0

6
6

$39,206,000
$39,206,000

$1,880,000
$1,880,000

$345,000
$345,000

$36,981,000
$36,981,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Revenue

4
4

$14,500,000
$14,500,000

$2,627,500
$2,627,500

$655,000
$655,000

$11,217,500
$11,217,500

Revenue

2
2

$13,335,000
$13,335,000

$5,825,000
$5,825,000

$120,000
$120,000

$7,390,000
$7,390,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Revenue

7
7

$455,436,000
$455,436,000

$8,941,726
$8,941,726

$1,829,871
$1,829,871

$444,664,403
$444,664,403

Revenue

1
1

$13,000,000
$13,000,000

$0
$0

$13,000,000
$13,000,000

$0
$0

Totals for Avondale
Benson
Totals for Benson
Buckeye
Totals for Buckeye
Casa Grande
Totals for Casa Grande
Chandler
Totals for Chandler
Douglas

Eloy

Flagstaff
Revenue
Totals for Flagstaff
Florence
Totals for Florence
Gilbert
Totals for Gilbert
Goodyear
Totals for Goodyear
Huachuca City
Totals for Huachuca City
Kingman
Totals for Kingman
Mesa
Totals for Mesa
Payson
Totals for Payson

TABLE 45
CITY INDUSTRIAL DEVELOPMENT AUTHORITY FY 2004 BONDED INDEBTEDNESS
CITY
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2004

CURRENT
OUTSTANDING
PRINCIPAL

Phoenix
Revenue

89
89

$1,339,329,350
$1,339,329,350

$186,087,325
$186,087,325

$90,266,806
$90,266,806

$1,062,975,219
$1,062,975,219

Revenue

4
4

$17,640,523
$17,640,523

$1,503,076
$1,503,076

$994,903
$994,903

$15,142,544
$15,142,544

Revenue

12
12

$370,375,000
$370,375,000

$38,856,667
$38,856,667

$49,960,333
$49,960,333

$281,558,000
$281,558,000

Revenue

2
2

$20,840,000
$20,840,000

$3,080,000
$3,080,000

$795,000
$795,000

$16,965,000
$16,965,000

Revenue

6
6

$18,660,000
$18,660,000

$4,048,680
$4,048,680

$9,161,320
$9,161,320

$5,450,000
$5,450,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Revenue

2
2

$13,155,000
$13,155,000

$0
$0

$40,000
$40,000

$13,115,000
$13,115,000

Revenue
Totals for Tucson

21
21

$362,869,000
$362,869,000

$30,135,287
$30,135,287

$32,974,443
$32,974,443

$299,759,270
$299,759,270

Totals for Willcox

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Revenue

1
1

$7,695,000
$7,695,000

$845,000
$845,000

$210,000
$210,000

$6,640,000
$6,640,000

Revenue

6
6

$113,830,000
$113,830,000

$6,610,000
$6,610,000

$1,365,000
$1,365,000

$105,855,000
$105,855,000

Revenue

181

$2,905,243,009

$308,166,241

$208,973,577

$2,388,103,191

Grand Totals:

181

$2,905,243,009

$308,166,241

$208,973,577

$2,388,103,191

Totals for Phoenix
Prescott
Totals for Prescott
Scottsdale
Totals for Scottsdale
Show Low
Totals for Show Low
Sierra Vista
Totals for Sierra Vista
South Tucson
Totals for South Tucson
Tolleson
Totals for Tolleson
Tucson

Willcox

Williams
Totals for Williams
Winslow
Totals for Winslow
Yuma
Totals for Yuma

Return to Table of Contents

SECTION FOUR

LEASE PURCHASES

LEASE PURCHASE/THIRD PARTY CONTRACTS
This section provides a summary of the
Lease Purchase/Third Party Financing
Contract (hereafter referred to as Lease
Purchase) information collected for FY
2003/04. This information is presented by
county only for the sake of organization.
The counties are not responsible for the
payment of any lease purchase contracts
other than their own.
Arguments have been made that lease
purchases are not debt, and therefore
should not be the subject of the
Department's requests or reports.
The
guiding principal behind collecting this
information is the reference to 'other
securities issued with a term in excess of
one year...’ in the statute.
In FY 1996/97,
was requested
subdivisions or
reports.
The

the first year that reporting
approximately 450 political
state agencies submitted
reports submitted for FY

1996/97 showed 669 lease purchase
contracts with $209.5 million outstanding at
the end of that fiscal year.
For FY 2003/04, 917 political subdivisions
and state agencies submitted reports.
Reports submitted for this fiscal year
reflected 1,437 lease purchase contracts
with $570.6 million outstanding at the end of
the fiscal year. The data presented is as
complete and accurate as the records
submitted by the reporting political
subdivisions and agencies.
Details of all Lease Purchase and Third
Party Contracts reported by Arizona political
subdivisions and state agencies can be
found in Table 46. Table 47 lists all political
subdivisions and state agencies who
reported having no lease purchases or third
party financing contracts.

Return to Table of Contents

TABLE 46
LEASE PURCHASE CONTRACTS BY COUNTY
County

Name of District

Number of Contract

Amount Outstanding

Amount Retired

Apache
Alpine Fire District

2

$305,312

$138,538

Apache County
Bagdad USD

1
1

$109,669
$5,389

$67,783
$1,501

Chinle USD

1

$224,895

$42,876

3
12

$276,333
$68,724

$185,289
$3,207,668

Ganado USD

4

$1,441,855

$928,680

Greer Fire District
Puerco Valley Fire District

5
3

$87,300
$234,669

$210,433
$210,366

Red Mesa USD

1

$142,748

$35,687

Sanders USD
Springerville

3
5

$73,186
$36,569

$117,703
$23,822

St. Johns

1

$1,382,042

$117,958

Tonto Basin USD
Vernon ESD

1
2

$3,438
$74,995

$957
$13,694

45

$4,467,124

$5,302,955

1

$15,242

$28,318

2
10

$12,485
$186,841

$12,236
$117,350

Benson USD

2

$223,754

$80,321

Bisbee
Bowie USD

2
2

$55,271
$46,177

$196,583
$69,767

Cochise County
Cochise ESD

4
1

$738,355
$56,032

$146,127
$29,957

Double Adobe ESD

2

$4,733

$9,887

Douglas
Douglas USD

7
4

$1,013,565
$109,532

$539,535
$92,446

Fry Fire District

1

$303,719

$28,692

Huachuca City
Naco Sanitary District

2
1

$439,336
$155,184

$211,973
$44,816

Palominas Fire District

2

$177,290

$169,734

PBW Fire District
Pearce ESD

1
1

$14,216
$58,295

$10,784
$14,598

San Jose Fire District

1

$4,378

$28,382

Concho Fire District
Eagar

Totals for Apache
Cochise
Apache ESD
Ash Creek ESD
Benson

TABLE 46
LEASE PURCHASE CONTRACTS BY COUNTY
County

Name of District

Number of Contract

San Pedro Valley Hospital District
San Simon USD
Sierra Vista
Sierra Vista USD

Amount Outstanding

Amount Retired

2
2

$0
$47,604

$235,935
$68,104

11
13

$8,467,252
$204,534

$8,288,918
$580,982

St. David Fire District

2

$19,602

$61,398

Tombstone
Valley UHSD

2
1

$115,173
$0

$142,822
$82,575

Whetstone Fire District

1

$294,844

$55,156

Willcox

4

$8,959

$35,669

84

$12,772,373

$11,383,065

3

$566,306

$157,168

Coconino County

2

$40,203

$278,998

Flagstaff
Forest Lakes Domestic Water Improvement

2
1

$491,596
$171,700

$403,404
$0

Greenehaven Fire District

1

$61,458

$19,842

Highland Fire District
Junipine Fire District

1
2

$456,461
$39,742

$113,539
$25,258

Kaibab Estates West Fire District

1

$27,918

$32,082

Maine Consolidated ESD
Mormon Lake Fire District

2
1

$29,501
$76,357

$71,294
$13,161

Page

6

$20,452

$133,038

Page USD
Parks-Bellemont Fire District

18
3

$266,598
$179,875

$35,357
$122,724

Pinewood Sanitary District
Summit Fire District

10
8

$4,700,141
$592,417

$787,119
$768,297

Tuba City USD

18

$115,072

$107,628

3
2

$961,284
$13,137

$114,065
$1,507,853

10

$177,858

$189,253

94

$8,988,076

$4,880,080

Beaver Valley Fire District
Christopher-Kohls Fire District

2
1

$17,734
$28,377

$35,019
$96,573

Diamond Star Fire District

4

$301,927

$64,011

Gila County

9

$386,878

$2,597,452

Totals for Cochise
Coconino
Blue Ridge Fire District

Tusayan Fire District
Williams
Williams USD
Totals for Coconino
Gila

TABLE 46
LEASE PURCHASE CONTRACTS BY COUNTY
County

Name of District

Number of Contract

Amount Outstanding

Amount Retired

Gisela Valley Fire District
Globe

1
2

$10,701
$114,020

$11,799
$355,516

Globe USD
Hayden-Winkelman USD

14
6

$1,369,282
$33,566

$454,349
$156,265

2

$114,838

$160,432

10
1

$59,341
$0

$1,188,778
$164,579

Payson

4

$183,735

$394,686

Payson USD
Pine Strawberry ESD

4
5

$230,802
$54,258

$452,592
$118,586

Pine Strawberry Fire District

3

$261,341

$258,847

Tonto Basin Fire District
Tri-City Fire District

1
4

$129,127
$7,807

$102,873
$229,487

Whispering Pines Fire District

3

$162,854

$45,096

76

$3,466,588

$6,886,940

Bonita ESD
Graham County

1
2

$3,255
$15,085

$6,745
$4,912

Pima

7

$123,115

$259,763

Pima USD
Safford

1
1

$0
$162,202

$84,825
$10,193

12

$303,657

$366,438

6

$472,355

$925,239

6

$472,355

$925,239

Bicentennial UHSD
Bouse ESD

2
2

$16,808
$26,340

$12,853
$54,999

Buckskin Fire District

1

$21,265

$163,429

La Paz County
Parker

3
2

$56,970
$5,517

$11,488
$196,583

Parker Fire District

1

$210,948

$0

Quartzsite
Quartzsite ESD

6
1

$150,618
$71,634

$184,422
$26,066

18

$560,100

$649,840

Mesa del Caballo Fire District
Miami USD
Northern Gila County Sanitary District

Totals for Gila
Graham

Totals for Graham
Greenlee
Greenlee County
Totals for Greenlee
La Paz

Totals for La Paz

TABLE 46
LEASE PURCHASE CONTRACTS BY COUNTY
County

Name of District

Maricopa
Adaman Irrigation Water Delivery District

Number of Contract

Amount Outstanding

Amount Retired

1

$0

$46,824

3
1

$987,182
$21,742

$600,663
$7,247

Avondale

14

$2,952,851

$2,057,438

Avondale ESD
Balsz ESD

11
3

$86,412
$1,394,627

$337,523
$1,983,676

Buckeye

10

$959,276

$988,701

Buckeye UHSD
Cartwright ESD

17
2

$213,008
$1,960,000

$143,157
$2,274,000

Cave Creek

5

$74,145

$130,020

Cave Creek USD
Chandler

3
5

$389,955
$1,490,440

$226,455
$3,917,986

Chandler USD

3

$570,603

$4,940,752

Circle City/Morristown Fire District
Creighton ESD

1
1

$160,064
$193,746

$89,936
$566,067

Deer Valley USD
Dysart USD

3
14

$3,810,354
$4,235,973

$184,393
$1,297,622

El Mirage

10

$163,738

$663,640

Fowler ESD
Gila Bend USD

4
1

$0
$0

$627,073
$78,585

Gilbert

1

$0

$184,273

10
21

$2,834,320
$32,017,314

$4,794,143
$23,399,975

Alhambra esd
Arlington USD

Gilbert USD
Glendale
Glendale ESD

5

$97,042

$861,664

Glendale UHSD
Guadalupe

5
3

$905,196
$250,919

$1,782,078
$117,270

Higley ESD

1

$135,601

$462,481

Isaac ESD
Kyrene ESD

12
1

$0
$99,083

$2,924,077
$27,177

Laveen ESD
Litchfield Park

1
1

$14,407
$0

$18,848
$75,000

Littleton ESD

7

$380,613

$249,767

4
26

$455,793
$12,104,171

$519,715
$28,416,679

Maricopa County Community College

5

$334,897

$323,721

Maricopa County Regional Schools

3

$74,733

$27,790

Madison ESD
Maricopa County

TABLE 46
LEASE PURCHASE CONTRACTS BY COUNTY
County

Name of District

Number of Contract

Amount Outstanding

Amount Retired

Maricopa USD
Mesa

3
9

$295,914
$16,581,181

$364,135
$5,598,819

Mesa USD
Morristown ESD

8
1

$209,706
$16,644

$2,699,364
$57,458

Murphy ESD

9

$202,608

$458,584

Nadaburg ESD
Osborn ESD

3
7

$112,502
$621,517

$156,742
$771,535

Paloma ESD

1

$0

$18,119

Paradise Valley
Paradise Valley USD

4
2

$526,619
$789,741

$3,289,344
$200,743

Pendergast ESD

7

$2,571,057

$1,246,255

3
11

$419,622
$934,207

$264,046
$3,729,655

Phoenix

1

$50,659

$226,876

Phoenix ESD
Queen Creek

2
6

$195,048
$13,661,540

$95,810
$774,324

Queen Creek USD
Roosevelt Irrigation District

1
1

$0
$6,376

$292,365
$104,594

Saddle Mountain USD

1

$188,080

$272,534

Scottsdale USD
Sun City Fire District

5
2

$241,053
$1,457,787

$1,370,448
$1,039,648

Sun City West Fire District

5

$1,763,293

$1,340,789

Sun Health Corporation
Sun Lakes Fire District

3
1

$11,118,331
$1,500,000

$9,331,669
$300,000

Peoria
Peoria USD

30

$7,233,227

$2,394,178

Tempe ESD
Tolleson

1
5

$1,337,371
$60,576

$699,783
$373,232

Tolleson ESD

2

$90,387

$87,881

Tonopah Fire District
Union ESD

2
3

$445,305
$65,025

$31,695
$31,693

Washington ESD
Wickenburg

1
3

$2,565,407
$163,236

$3,187,655
$321,379

Wickenburg USD

6

$202,436

$287,498

Wilson ESD
Wittman Volunteer Fire District

2
2

$15,454
$76,964

$62,565
$136,289

371

$135,087,080

$126,964,120

Tempe

Totals for Maricopa

TABLE 46
LEASE PURCHASE CONTRACTS BY COUNTY
County

Name of District

Number of Contract

Mohave
Bullhead City

Amount Outstanding

Amount Retired

10

$2,980,391

$2,993,255

Bullhead City Fire District
Colorado City

3
10

$979,032
$472,892

$559,968
$787,621

Colorado City Fire District

3

$112,369

$147,188

Colorado City USD
Colorado River UHSD

9
2

$838,864
$0

$1,031,389
$581,524

Fort Mojave Mesa Fire District

1

$984,794

$215,206

Golden Shores Fire District
Havasu Heights Domestic Water Improvemen

3
1

$133,774
$279,057

$169,272
$335,943

Hualapai Valley Fire District

2

$428,434

$543,169

Kingman USD
Lake Havasu City

7
12

$1,001,329
$127,912

$4,307,766
$56,503

Lake Havasu USD

5

$557,746

$580,983

Littlefield ESD
Mohave County

1
2

$47,410
$18,910,000

$52,010
$566,659

Mohave County Community College
Mohave Valley ESD #16

4
1

$150,379
$6,133

$567,679
$18,398

Mohave Valley Fire District

1

$0

$28,400

Pinion Pine Fire District
So Hi Water District

1
1

$57,761
$385,198

$7,229
$259,802

Valentine ESD

1

$29,650

$8,596

Valle Vista Fire District
Yucca Fire District

1
1

$24,608
$16,149

$165,624
$78,490

82

$28,523,882

$14,062,674

Blue Ridge USD

7

$394,641

$865,955

Cedar USD
Clay Springs/Pinedale Fire District

6
1

$57,308
$141,500

$64,824
$8,500

Heber-Overgaard USD

1

$0

$91,171

Holbrook
Joseph City Fire District

7
1

$242,459
$50,976

$537,603
$99,024

Joseph City USD

2

$130,041

$56,433

24
2

$358,987
$309,293

$97,513
$116,227

1

$265,136

$35,850

Totals for Mohave
Navajo

Kayenta USD
Linden Fire District
Navajo Community College

TABLE 46
LEASE PURCHASE CONTRACTS BY COUNTY
County

Name of District

Number of Contract

Amount Outstanding

Amount Retired

Navapache Hospital District
Pinetop Volunteer Fire District

1
1

$35,584
$957,543

$1,061,999
$242,457

Pinetop-Lakeside
Pinetop-Lakeside Sanitary District

5
2

$2,075,352
$639,647

$609,026
$348,215

Show Low

1

$179,242

$0

Show Low USD
Snowflake

3
1

$1,369,589
$2,877,393

$614,783
$122,607

Taylor

4

$356,250

$368,750

4
10

$25,486
$1,328,428

$42,602
$826,468

1

$208,385

$208,018

85

$12,003,240

$6,418,025

Amphitheater USD
Avra Valley Fire District

5
6

$745,535
$359,322

$852,285
$359,558

Catalina Foothills USD

10

$221,341

$72,711

Continental ESD
Drexel Heights Fire District

2
1

$103,986
$59,753

$69,227
$90,247

Golder Ranch Fire District

4

$371,898

$631,867

Green Valley Fire District
Indian Oasis-Baboquivari USD

3
4

$585,025
$20,577

$420,155
$256,089

Marana

1

$103,142

$488,158

Metropolitan Domestic Water Improvement Di
Mount Lemmon Fire District

7
1

$1,801,996
$60,000

$933,075
$110,000

Northwest Fire District
Picture Rocks Fire District

4
2

$7,854,534
$153,466

$519,191
$88,174

Pima County

4

$287,000

$825,000

Pima County Community College
Pima County Stadium District

1
3

$0
$31,525,000

$1,554,447
$36,535,000

Rincon Valley Fire District

4

$756,812

$72,238

Sahuarita USD
South Tucson

5
2

$700,289
$0

$542,844
$885,633

Three Points Fire District

1

$1,800,808

$199,192

Tucson
Tucson Airport Authority

26
3

$14,687,567
$7,038,306

$11,481,246
$165,301

Tucson USD

23

$3,889,724

$9,098,786

Whiteriver USD
Winslow
Winslow USD
Totals for Navajo
Pima

TABLE 46
LEASE PURCHASE CONTRACTS BY COUNTY
County

Name of District

Number of Contract

Vail ESD

Amount Outstanding

Amount Retired

1

$2,207,462

$0

123

$75,333,542

$66,250,426

2

$22,590

$202,207

Apache Junction Fire District

1

$2,373,192

$126,808

Apache Junction USD
Arizona City Fire District

1
1

$814,606
$149,648

$213,654
$16,373

Arizona City Sanitary District

1

$8,055,064

$1,028

10
1

$25,882,900
$0

$17,870,315
$28,800

Casa Grande UHSD
Central Arizona College

4
2

$57,859
$21,005,000

$128,537
$4,425,000

Combs ESD

3

$108,141

$91,242

Coolidge
Coolidge USD

8
5

$1,425,293
$1,079,210

$1,262,131
$479,440

13

$1,162,465

$882,042

Eloy ESD
Eloy Fire District

6
3

$209,245
$487,640

$228,272
$82,788

Florence

7

$1,073,673

$595,441

Florence USD
Kearny

9
2

$434,194
$1,083

$268,116
$173,706

Mammoth Fire District

1

$15,581

$0

Maricopa Fire District
Mary C O'Brien Accom Dist

1
2

$614,000
$6,981

$0
$122,649

Oracle Sanitary District
Oracle Volunteer Fire District

1
1

$2,554
$64,924

$14,733
$20,076

Totals for Pima
Pinal
Apache Junction

Casa Grande
Casa Grande ESD

Eloy

1

$0

$82,890

17
2

$4,235,126
$67,930

$915,974
$91,300

Queen Valley Fire District

1

$86,718

$73,715

Queen Valley Sanitary District
Ray USD

2
3

$0
$0

$33,895
$197,967

San Carlos Irrigation & Drainage District

1

$0

$218,440

10
3

$177,977
$21,836

$408,935
$198,466

1

$5,267

$4,028

Picacho ESD
Pinal County
Queen Valley Domestic Water Improvement D

Santa Cruz Valley UHSD
Stanfield ESD
Superior

TABLE 46
LEASE PURCHASE CONTRACTS BY COUNTY
County

Name of District

Number of Contract

Totals for Pinal

Amount Outstanding

Amount Retired

126

$69,640,697

$29,458,966

Nogales
Patagonia

11
4

$1,128,553
$0

$1,117,403
$64,851

Santa Cruz County

10

$1,916,059

$1,773,531

Santa Cruz County Flood Control District
Santa Cruz Valley USD

1
3

$63,344
$278,350

$56,321
$119,040

Tubac Fire District

3

$518,493

$323,807

Totals for Santa Cruz

32

$3,904,799

$3,454,953

Arizona State University
Arizona Tourism and Sports Authority

10
1

$3,060,045
$34,163

$2,486,385
$10,983

Santa Cruz

State

Board for Charter Schools

1

$0

$10,429

Board of Nursing
Department of Administration

2
3

$176,804
$114,895,000

$82,808
$3,260,606

Department of Corrections

3

$4,468,558

$11,267,522

11
1

$2,503,895
$0

$10,142,664
$171,218

3
1

$1,601,654
$274,896

$845,779
$53,067

Department of Economic Security
Department of Health Services
Department of Public Safety
Department of Revenue

19

$1,682,505

$10,901,623

Department of Water Resources
Industrial Commission

3
2

$155,506
$4,898,531

$285,048
$13,155,181

Land Department

4

$785,574

$203,332

Legislative Council
Northern Arizona University

1
3

$608,101
$2,395,160

$62,847
$2,070,894

Registrar of Contractors

1

$0

$276,803

School for the Deaf and Blind
Supreme Court

1
13

$582,338
$1,637,871

$0
$2,324,196

University of Arizona

40

$42,868,177

$23,931,461

123

$182,628,778

$81,542,845

Ash Fork Fire District
Ash Fork USD

1
2

$51,208
$460,396

$32,182
$127,459

Beaver Creek ESD

5

$81,503

$155,188

Black Canyon City Water Improvement Distri

1

$470,996

$304,004

Department of Transportation

Totals for State
Yavapai

TABLE 46
LEASE PURCHASE CONTRACTS BY COUNTY
County

Name of District

Number of Contract

Amount Outstanding

Amount Retired

Black Canyon Fire District
Camp Verde

1
5

$70,817
$0

$30,778
$552,025

Camp Verde Fire District
Camp Verde USD

4
1

$177,408
$0

$131,193
$170,301

Canon ESD

1

$311,382

$26,048

Central Yavapai Fire District
Chino Valley

5
4

$1,219,101
$233,638

$696,735
$188,567

Chino Valley Fire District

3

$1,083,418

$177,751

Chino Valley USD
Clarkdale

6
2

$235,453
$64,089

$269,055
$121,261

Congress ESD

2

$30,111

$28,980

Congress Fire District
Cottonwood

1
1

$104,638
$222,562

$74,239
$317,438

Cottonwood-Oak Creek ESD

4

$46,159

$40,378

Crown King Fire District
Humboldt USD

1
2

$18,000
$19,508

$42,700
$60,496

Jerome
Mayer Domestic Water Improvement District

3
1

$77,135
$435,930

$228,657
$284,070

Mayer USD

2

$111,965

$30,835

Mingus UHSD
Montezuma Rimrock Fire District

5
6

$88,020
$625,802

$246,363
$1,192,670

Prescott

9

$4,573,323

$2,022,846

Prescott USD
Sedona Fire District

1
3

$110,335
$228,281

$304,925
$627,899

Seligman USD

1

$0

$116,076

Yavapai County
Yavapai County Community College

3
8

$1,753,789
$481,194

$1,626,288
$1,059,233

Yavapai County IDA

1

$743,128

$0

95

$14,129,289

$11,286,640

Antelope UHSD
Crane ESD

1
1

$1,296
$0

$5,086
$668,853

Gadsden ESD

3

$491,348

$226,654

2
14

$95,168
$4,030,480

$61,406
$568,357

9

$6,058,078

$1,347,038

Totals for Yavapai
Yuma

Mohawk Valley ESD
San Luis
Somerton

TABLE 46
LEASE PURCHASE CONTRACTS BY COUNTY
County

Name of District

Number of Contract

Amount Outstanding

Amount Retired

Somerton ESD
Wellton

2
10

$119,631
$921,698

$565,712
$185,840

Wellton USD
Yuma County

3
3

$91,818
$327,074

$56,774
$563,459

Yuma County Library District
Yuma ESD
Yuma UHSD
Totals for Yuma
Grand Totals:

1

$0

$5,151

11
5

$5,130,450
$1,069,959

$1,988,370
$1,535,284

65

$18,336,999

$7,777,984

1,437

$570,618,578

$377,611,190

Return to Table of Contents

TABLE 47
JURISDICTIONS REPORTING ZERO LEASE PURCHASE CONTRACTS
County

Name of District

Apache
Alpine Sanitary District
Apache County Flood Control District
Apache County Jail District
Apache County Library District
Concho ESD
Crosby Acres
Ganado Fire District
Greer Acres Improvement District
Little Colorado Sanitary District
McNary ESD
Northern Apache County Special Health Care Distric
Ojo Bonito Water Improvement District
Round Valley USD
St. Johns USD
Vernon Domestic Water Improvement District
White Mountain Communities Special Health Care Dis
Cochise
Babocomari Fire District
Benson IDA
Bisbee USD
Bowie Fire District
Bowie Light District
Carmel Light District
Cochise County Community College District
Cochise County Highway & Floodplain District
Cochise County IDA
Cochise County Library District
Douglas IDA
Elfrida ESD
Elfrida Fire District
Fort Huachuca Accomodation Schools
Golden Acres Light District
Huachuca City IDA
McNeal ESD
Naco ESD
Naco Lighting District
Northern Cochise County Hospital District
Page Hospital District

TABLE 47
JURISDICTIONS REPORTING ZERO LEASE PURCHASE CONTRACTS
County

Name of District
Palominas ESD
Pirtleville Fire District
Pirtleville Light District
Pollution Control Corp of Cochise County
Pomerene Domestic Water Improvement District
Pomerene ESD
Pomerene Fire District
Rucker ESD
Sierra Vista IDA
St. David Irrigation District
St. David USD
Sunnyside Fire District
Sunsites Light District
Sunsites-Pearce Fire District
Tombstone USD
Willcox IDA
Willcox USD

Coconino
Buckboard Trail
Chevelon Butte ESD
Coconino County Community College District
Coconino County Flood Control District
Coconino County IDA
Coconino County Jail District
Coconino County Library District
Flagstaff IDA
Flagstaff Special Districts
Flagstaff USD
Forest Lakes Fire District
Fort Valley Fire District
Fredonia
Fredonia-Moccasin USD
Kachina Trail
Kachina Village Improvement District
Kachina Village Paving
Linda Lane Road Improvement District
Mount Elden Lookout Road Fire District
Northwest Sewer Improvement District
Oakwood Pines

TABLE 47
JURISDICTIONS REPORTING ZERO LEASE PURCHASE CONTRACTS
County

Name of District
Pine Del Fire District
Pinewood Fire District
Pinon County Improvement District
Pollution Control Corporation of Coconino County
Rodeo Drive
Rudd Tank Road Improvement District
Sherwood Forest Estates Fire District
South Grand Canyon Sanitary District
Toho Tolani
Westwood Estates Fire District
Williams Facilities District
Williams Hospital District
Williams IDA
Woods Fire District

Gila
Canyon Fire District
Canyon Improvement District
East Verde Park Fire District
Gila County IDA
Gila County Library District
Hayden
Mesa Del Sanitary District
Miami
Payson North Sanitary District
Pinal Sanitary District
Rim Trail Water #1
Rim Trail Water #2
Round Valley-Oxbow Fire District
San Carlos USD
Tonto Basin ESD
Winkleman
Young ESD
Graham
Eastern Arizona College
Gila Valley Irrigation District
Graham County Flood Control District
Graham County IDA
Klondyke ESD
Safford Rural Fire District

TABLE 47
JURISDICTIONS REPORTING ZERO LEASE PURCHASE CONTRACTS
County

Name of District
Safford USD
Solomon ESD
Thatcher
Thatcher USD

Greenlee
Blue ESD
Clifton
Clifton USD
Duncan
Duncan Rural Fire District
Duncan USD
Eagle ESD
Greenlee County IDA
Morenci USD
La Paz
Buckskin Sanitary District
Ehrenberg Fire District
La Paz County Hospital District
La Paz County IDA
La Paz County Jail District
McMullen Valley Water Conservation & Drainage Dist
Parker USD
Salome Consolidated ESD
Wenden ESD
Wenden Water Improvement District
Maricopa
#K100 Marquerite Drive
#K106 7th Street North
#K66 98th Street
#K69 Pecos McQueen
#K74 99th Street
#K75 98th Way
#K76 Vine
#K77 Inland
#K79 97th Place
#K80 Del Witt
#K81 5th Avenue
#K83 Boulder
#K89 158th Street

TABLE 47
JURISDICTIONS REPORTING ZERO LEASE PURCHASE CONTRACTS
County

Name of District
#K90 Grandview Manor
#K91 Queen Creek Water
#K92 Fairview Lane
#K93 East Fairview
#K94 White Fence
#K95 104th Place/University
#K96 Central Avenue
#K98 Billing Street
Agua Fria UHSD
Aguila ESD
Aguila Fire District
Aguila Irrigation District
Arizona Utilities Community Facilities District
Avondale IDA
AZ 9-5 Housing
AZ 9-6 Housing
AZ 9-7 Housing
AZ 9-9 Housing
Berridge Manor IWDD #38
Buckeye ESD
Buckeye Valley Fire District
Buckeye Water Conservation & Drainage District
Carefree
Chandler Heights Citrus Irrigation District
Citrus Gardens Irrigation Water Delivery District
Cottonflower Community Facilities District
Cuatro Palmas Irrigation Water Delivery District
DC Ranch Community Facilities District
East Morningside Irrigation Water Delivery Dist
Electrical District #7
Electrical District #8
Estrella Mountain Ranch Community Facilities Distr
Fountain Hills
Fountain Hills Road District
Fountain Hills Sanitary District
Fountain Hills USD
Gila Bend
Gilbert IDA
Goodyear

TABLE 47
JURISDICTIONS REPORTING ZERO LEASE PURCHASE CONTRACTS
County

Name of District
Goodyear Community Facilities General District
Goodyear Community Facilities Utility District
Goodyear IDA
Groves of Hermosa Vista IWDD
Harquahala Valley Irrigation District
Harquahala Valley Power District
Hospital District #1 of Maricopa County
LaMar Irrigation Water Delivery District
Laveen Fire Dstrict
Liberty ESD
Litchfield ESD
Madison Park Irrigation Water Delivery District
Maricopa County IDA
Maricopa County Municipal Water Conservation Distr
Maricopa County Stadium District
Maricopa County Street Lighting Improvement Distri
McDowell Homes IWDD #7
McDowell Mountain Ranch Community Facilities Distr
McMicken Irrigation District
Mesa IDA
Miller Road Improvement District
Mobile ESD
Myrtle Park Irrigation Water Delivery District
Ocotillo Water Conservation District
Palo Verde ESD
Peoria Improvement District #8801
Peoria Improvement District #8802
Peoria Improvement District #9002
Peoria Improvement District #9102
Peoria Improvement District #9202
Peoria Improvement District #9303
Peoria Improvement District #9601
Peoria Improvement District #9602
Peoria Improvement District #9603
Peoria Improvement District #9801
Phoenix UHSD
Rancho Grande Landerwood IWDD
Rancho Jardines Irrigation Water & Delivery Dist
Rancho Solano Improvement District

TABLE 47
JURISDICTIONS REPORTING ZERO LEASE PURCHASE CONTRACTS
County

Name of District
Riverside ESD
Roosevelt ESD
Roosevelt Water Conservation District
San Tan Irrigation District
Scottsdale
Scottsdale IDA
Scottsdale Mountain Community Facilities District
Sentinel ESD
Southland Unit I & II Irrigation Water & Drainage
Sunburst Farms Irrigation District
Sundance Community Facilities District
Surprise
Tatum Ranch Community Facilities District
Tempe Improvement Districts
Tempe UHSD
Thoroughbred Farms IWDD #43
Tolleson UHSD
Tonopah Irrigation District
Tres Palmas Irrigation Water Delivery District
Turney Tract Irrigation Water Delivery District
Verrado Community Facilities District
Via Linda Road Community Facilities District
Village at Litchfield Park Community Facilities Di
Vistancia Community Facilities District
Western Meadows Irrigation District
Whitcombs Roundup Ranchos IWDD #42
Wickenburg Rural Fire District
Wildflower Ranch Community Facilities District
Woodlea Irrigation Water Delivery District
Woolsey Flood Protection District
Youngtown

Mohave
Bullhead City Pest Abatement District
Bullhead City Sewer Improvement District #2
Chloride Fire District
Crystal Beach Water Conservation District
Desert Hills Fire District
Golden Shores Water Conservation District
Golden Valley Fire District

TABLE 47
JURISDICTIONS REPORTING ZERO LEASE PURCHASE CONTRACTS
County

Name of District
Golden Valley Improvement District
Grapevine Mesa Fire District
Hackberry ESD
Holiday Lighting District
Horizon Six
Hospital District #1 of Mohave County
Kingman
Kingman IDA
Lake Havasu City Improvement District
Lake Havasu Irrigation & Drainage District
Lake Havasu Sanitary District
Moccasin Domestic Water District
Mohave County Flood Control District
Mohave County IDA
Mohave County Improvement District #126
Mohave County Library District
Mohave County Television Improvement District
Mohave Valley Irrigation & Drainage District
Mohave Water Conservation District
Owens ESD
Peach Springs USD
Pine Lake Fire District
Rainbow Acres
Rancho Verde
Scenic Improvement District
Topock ESD
Topock/Golden Shores Sanitary District
Truxton Fire District
Yucca ESD

Navajo
Beaver Dam Circle
Blue Lake Circle
Buck Springs Road Improvement District
Chaparral Drive Improvement District
Drifting Snow Loop
Forest Trails II
Forest Trails III
Heber Domestic Water Improvement District
Heber-Overgaard Fire District

TABLE 47
JURISDICTIONS REPORTING ZERO LEASE PURCHASE CONTRACTS
County

Name of District
Heber-Overgaard Sanitary District
Hiawatha Trail Improvement District
High Country Pines
Holbrook USD
Homestead Road
Joseph City Sanitary District
Lakeside Fire District
Little Colorado Flood Control District
Misty Mountain
Mogollon Air Park
Moon Creek Circle
Mountain Homes Unit II
Mule Deer Way
Navajo County
Navajo County Flood Control District
Navajo County Library District
Navajo County Pollution Control District
Palomino Drive
Pine Meadows Country Club Improvement District
Pinedale Domestic Water Improvement District
Porter Creek Domestic Water
Porter Mountain Domestic Water Improvement Distric
Shoreline Drive CRID
Show Low IDA
Show Low Improvement District #5
Show Low Improvement District #6
Silver Creek County Road
Silver Creek Flood Control District
Sky High Domestic Water
Snowflake USD
Soaring Eagle CRID
Sweeping Vista
Timberlake Pines CRID
Timberland Acres Special Road District
White Mountain Lake Fire District
White Mountain Lake Special Road District
White Mountain Summer Home
Wild Cat Way
Wild Horse Road No. 1

TABLE 47
JURISDICTIONS REPORTING ZERO LEASE PURCHASE CONTRACTS
County

Name of District
Winslow IDA
Woodruff Fire District
Woodruff Irrigation District

Other
Central Arizona Water Conservation District
Salt River Project
Pima
Ajo USD
Ajo-Lukeville Health Services District
Altar Valley ESD
Cimarron Hills Improvement District
Corona de Tucson Fire District
Cortaro Marana Irrigation District
Country Club Estates 2
Dove Mountain Resort Community Facilities District
Empire ESD
Flowing Wells Irrigation District
Flowing Wells USD
Heritage Hills Fire District
Hidden Valley Fire District
La Canada Fire District
Marana USD
Marana Water Improvement District
No. 1st Avenue Sewer District
No. La Cholla Sewer District
North Ranch/Linda Vista Fire District
Oro Valley
Pima Accommodation District
Pima County IDA
Pima County Library District
Pima County Mobile Home Relocation District
Redhawk Canyon Community Facilities District #1
Redhawk Canyon Community Facilities District #2
Redington ESD
Rio Nuevo Multipurpose Facilities District
Sabino Vista Fire District
Sahuarita
San Fernando ESD
South Tucson IDA

TABLE 47
JURISDICTIONS REPORTING ZERO LEASE PURCHASE CONTRACTS
County

Name of District
Sunnyside USD
Tanque Verde ESD
Tucson IDA
Why Fire District

Pinal
387 Domestic Water Improvement District
387 Wastewater Improvement District
Apache Villa III IV & Clearview Lighting District
Apache Villa IIIA Lighting District
Apache Villa Lighting District
Apache Villa V Lighting District
Arizona City Improvement District
Casa Grande IDA
Central Arizona Irrigation & Drainage District
Cottonwood Gardens Lighting District
Desert Vista Lighting District
Desert Vista Sanitary District
Dudleyville Fire District
Electrical District #2
Electrical District #4
Electrical District #5
Florence Flood Control District
Florence IDA
Grand Buttes Fire District
Hohokam Irrigation & Drainage District
Ironwood Manor Lighting District
Mammoth-San Manuel USD
Maricopa
Maricopa Domestic Water Improvement District
Maricopa Road Improvement District
Maricopa Rural Road Improvement District
New Magma Irrigation & Drainage District
Oracle ESD
Papago Butte Domestic Water Improvement District
Papago Butte Irrigation Water Delivery District
Pinal County Flood Control District
Pinal County Library District
Queen Creek Domestic Water Improvement District
Red Rock ESD

TABLE 47
JURISDICTIONS REPORTING ZERO LEASE PURCHASE CONTRACTS
County

Name of District
Sacaton ESD
Skyline Domestic Water Improvement District
Superior USD
Superstition Lighting District
Superstition Mountains Community Facilities Distri
Thunderbird Irrigation District #1
Thunderbird Irrigation District #2
Thunderbird Irrigation District #3
Toltec ESD
Villa Grande Improvement District
Water Utilities Communify Facilities District

Santa Cruz
Nogales Unified School District
Patagonia ESD
Patagonia UHSD
Santa Cruz County IDA
Santa Cruz ESD
Sonoita ESD
State
Arizona Criminal Justice Commission
Arizona Exposition & State Fair
Arizona Housing Finance Authority
Arizona Lottery
Arizona Medical Board
Arizona Power Authority
Arizona Research Park Authority
Arizona State Parks
Automobile Theft Authority
Board of Accountancy
Board of Appraisal
Board of Behavioral Health Examiners
Board of Chiropractic Examiners
Board of Dispensing Opticians
Board of Equalization
Board of Executive Clemency
Board of Funeral Directors
Board of Naturopathic Physicians Examiners
Board of Nursing Care Institution Administrators
Board of Occupational Therapy Examiners

TABLE 47
JURISDICTIONS REPORTING ZERO LEASE PURCHASE CONTRACTS
County

Name of District
Board of Optometry
Board of Pharmacy
Board of Physical Therapy
Board of Podiatry Examiners
Board of Psychologist Examiners
Board of Regents
Board of Tax Appeals
Board of Technical Registration
Boxing Commission
Citizen's Clean Elections Commission
Commission for Postsecondary Education
Commission for the Deaf and Hard of Hearing
Commission on Indian Affairs
Commission on Judicial Conduct
Commission on Uniform State Laws
Cooperative Extension Service
Corporation Commission
Cosmetology Board
Court of Appeals Div II
Department of Agriculture
Department of Building and Fire Safety
Department of Commerce
Department of Education
Department of Environmental Quality
Department of Housing
Department of Insurance
Department of Juvenile Corrections
Department of Liquor Licenses and Control
Department of Mines & Mineral Resources
Department of Racing
Department of Veteran's Services
Department of Weights and Measures
Disease Control Research Commission
Game and Fish Department
Government Information Technology Agency
Health Facilities Authority
Homeopathic Board
Joint Legislative Budget Committee
Law Enforcement Merit System Council

TABLE 47
JURISDICTIONS REPORTING ZERO LEASE PURCHASE CONTRACTS
County

Name of District
Navigable Stream Adjudication Commission
Office of Administrative Hearing
Office of the Attorney General
Office of the Auditor General
Office of the Governor
Office of Tourism
Ombusdsman Citizens' Aide
Osteopathic Board
Peace Officer Standards and Training Board
Personnel Board
Private Postsecondary Education Board
Residential Utility Consumer Office
School Facilities Board
Secretary of State
State Banking Department
State Dental Board
State Library, Archives and Public Records
State Retirement System
Structural Pest Control Commission
Treasurer's Office
Veterinary Medical Examining Board
Water Infrastructure Finance Authority

Yavapai
Ash Fork Street Lighting District
Big Park #1979
Camp Verde Sanitary District
Central Yavapai Hospital District
Champie ESD
Chino Valley Irrigation District
Clarkdale-Jerome ESD
Congress Domestic Water Improvement District
Coyote Springs Road Improvement District
Creekside Sanitary District
Crown King ESD
Diamond Valley Road Improvement District
Eastridge Community Facilities District
Granite Gardens Sanitary District
Groom Creek Fire District
Hassayampa Community Facilities District

TABLE 47
JURISDICTIONS REPORTING ZERO LEASE PURCHASE CONTRACTS
County

Name of District
Hassayampa Community Facilities District #2
Highland Pines
Hillside ESD
Iron Springs Sanitary District
Kirkland ESD
Peeples Valley Fire District
Pine Valley Road Improvement District
Ponderosa Park Domestic Water Improvement District
Prescott East Sanitary District
Prescott IDA
Prescott Valley
Pronghorn Ranch Community Facilities District
Sedona
Sedona-Oak Creek USD
Seligman Fire District
Seligman Sanitary District
Seligman Street Lighting District
Skull Valley ESD
Stone Ridge Community Facilities District
Sunup Ranch Road Improvement District
Verde Valley Fire District
Walnut Grove ESD
Water Improvement District P164
Williamson Valley ESD
Yarnell ESD
Yarnell Street Lighting District
Yavapai County Flood Control District
Yavapai County Jail District
Yavapai County Library District

Yuma
Arizona Western College
Del Sur Estate Improvement District
Donovan Estates Improvement District
El Prado Estates Improvement District
Hyder ESD
Hyder Valley Irrigation Water Delivery District
Improvement District #67
North Gila Valley Irrigation District
Unit B Irrigation & Drainage District

TABLE 47
JURISDICTIONS REPORTING ZERO LEASE PURCHASE CONTRACTS
County

Name of District
Wellton-Mohawk Anti-Noxious Weed District
Wellton-Mohawk Irrigation & Drainage District
Yuma
Yuma County Airport Authority
Yuma County Citrus Pest Control District
Yuma County Hospital District #1
Yuma County Improvement District
Yuma County Industrial Development Authority
Yuma County Jail District
Yuma County Pest Abatement District
Yuma IDA
Yuma Irrigation District
Yuma-Mesa Irrigation & Drainage District

Return to Table of Contents

SECTION FIVE

NON REPORTING POLITICAL SUBDIVISIONS

TABLE 48
JURISDICTIONS WHO FAILED TO SUBMIT BOND REPORTS
Jurisdiction

Name

Previously Reported Bonds

Agency
AHCCCS

No

Arizona Capital Facilities Finance Corporation

No

Arizona Historical Society

No

Arizona House of Representatives

No

Arizona State Senate

No

Board of Barbers

No

Board of Respiratory Care Examiners

No

Commission on the Arts

No

Court of Appeals Div I

No

Department of Emergency & Military Affairs

No

Department of Gaming

No

Department of Real Estate

No

Geological Survey

No

Governor's Office of Equal Opportunity

No

Public Safety Personnel Retirement System

No

Radiation Regulatory Agency

No

State Mine Inspector

No

City
Mammoth

Yes

Glendale IDA

Yes

Peoria IDA

Yes

San Luis IDA

Yes

Apache County IDA

Yes

Navajo County IDA

Yes

Pinal County IDA

Yes

Pollution Control Corporation of Maricopa Count

Yes

American Ranch Domestic Water Improvement

No

American Ranch Sanitary District

No

Beaver Dam/Littlefield Fire District

No

Big Park Domestic Water Improvement District

No

Central/Jackson Heights Fire District

No

Cibola Valley Irrigation District

No

Daisy Mountain Fire District

No

City IDA

County IDA

Special District

TABLE 48
JURISDICTIONS WHO FAILED TO SUBMIT BOND REPORTS
Jurisdiction

Name

Previously Reported Bonds

Electrical District #3

No

Fort Thomas Fire District

No

Gila Valley Anti-Noxious Weed District

No

Green Valley Domestic Water Improvement Dist

Yes

Groves at Superstition Ranch #40

No

Harquahala Valley Fire District

No

High Valley Ranch Domestic Wastewater Imp D

No

Hillander C Irrigation District

No

Hoffman Terrace IWDD

No

I.C.R. Sanitary District

No

Joseph City Water District

No

Lake Mohave Ranchos Fire District

Yes

Los Olivos #1

No

Magma Flood Control District

No

Maricopa Flood Control District

No

Mayer Fire District

No

Midway Flood Control District

No

Oatman Fire District

No

Patio Del Sol IWDD

No

Peoria Municipal Development Authority

No

Pima Rural Fire District

No

Pinon County Improvement District

Yes

Pleasant Valley Fire District

No

Pollution Control Corporation of Maricopa Count

No

Quail Ridge Domestic Water Improvement Distri

No

Quartzsite Fire District

No

Queen Creek Irrigation District #32

No

Rio Verde Fire District

No

Rose Lane IWDD

No

Salome Fire District

No

San Simon Fire District

No

Seven Ranches Domestic Water Improvement

Yes

Show Low Fire District

No

Silverbell Irrigation & Drainage District

No

Stanfield Fire District

No

Stanfield Flood Control District

No

Sun Valley Fire District

No

TABLE 48
JURISDICTIONS WHO FAILED TO SUBMIT BOND REPORTS
Jurisdiction

Name

Previously Reported Bonds

Tonto Village Fire District

No

Wenden Fire District

No

Yarnell Fire District

No

Return to Table of Contents

TABLE 49
JURISDICTIONS WHO FAILED TO SUBMIT LEASE PURCHASE REPORTS
Jurisdiction

Name

Previously Reported Lease Purchase Contracts

Agency
AHCCCS

No

Arizona Capital Facilities Finance Corporation

No

Arizona Historical Society

No

Arizona House of Representatives

No

Arizona State Senate

No

Arizona Strip Landfill Corporation

No

Board of Barbers

No

Board of Respiratory Care Examiners

No

Commission on the Arts

No

Court of Appeals Div I

No

Department of Emergency & Military Affairs

No

Department of Gaming

No

Department of Real Estate

No

Geological Survey

No

Governor's Office of Equal Opportunity

No

Public Safety Personnel Retirement System

No

Radiation Regulatory Agency

No

State Mine Inspector

No

Mammoth

No

Glendale IDA

No

Peoria IDA

No

San Luis IDA

No

Navajo County IDA

No

Pinal County IDA

No

Pollution Control Corporation of Maricopa Count

No

Bagdad Unified District

No

City
City IDA

County IDA

School District
Benson USD

Yes

Bullhead City ESD

No

Forrest ESD

No

Ft. Thomas USD

Yes

Grand Canyon USD

Yes

Page USD

Yes

TABLE 49
JURISDICTIONS WHO FAILED TO SUBMIT LEASE PURCHASE REPORTS
Jurisdiction

Name

Previously Reported Lease Purchase Contracts

Pinon USD

No

American Ranch Domestic Water Improvement

No

American Ranch Sanitary District

No

Beaver Dam/Littlefield Fire District

Yes

Special District

Big Park Domestic Water Improvement District

No

Central/Jackson Heights Fire District

No

Cibola Valley Irrigation District

No

Daisy Mountain Fire District

Yes

Electrical District #3

No

Fort Thomas Fire District

No

Franklin Irrigation District

No

Gila Valley Anti-Noxious Weed District

No

Green Valley Domestic Water Improvement Dist

No

Groves at Superstition Ranch #40

No

Harquahala Valley Fire District

No

High Valley Ranch Domestic Water Imp District

No

Hillander C Irrigation District

No

Hoffman Terace IWDD

No

I.C.R. Sanitary District

No

Joseph City Water District

No

Lake Mohave Ranchos Fire District

Yes

Los Olivos #1

No

Magma Flood Control District

No

Maricopa Flood Control District

No

Maricopa/Stanfield Irrigation District

No

Mayer Fire District

No

Midway Flood Control District

No

Mount Graham Hospital District

No

Naco Fire District

Yes

Oatman Fire District

No

Patio Del Sol IWDD

No

Peoria Municipal Development Authority

No

Pima Rural Fire District

No

Pinon County Improvement District

No

Pleasant Valley Fire District

No

Pollution Control Corporation of Maricopa Count

No

TABLE 49
JURISDICTIONS WHO FAILED TO SUBMIT LEASE PURCHASE REPORTS
Jurisdiction

Name

Previously Reported Lease Purchase Contracts

Prescott Valley Water District

No

Quail Ridge Domestic Water Improvement Distri

No

Quartzsite Fire District

Yes

Queen Creek Irrigation District #32

No

Rio Rico Fire District

No

Rio Verde Fire District

No

Rose Lane IWDD

No

Salome Fire District

Yes

San Simon Fire District

No

Seven Ranches Domestic Water Improvement

No

Show Low Fire District

No

Silverbell Irrigation & Drainage District

No

Stanfield Fire District

No

Stanfield Flood Control District

No

Sun Valley Fire District

Yes

Tonto Village Fire District

No

Wenden Fire District

No

Yarnell Fire District

No

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