FY 2004/05 REPORT
OF
INDEBTEDNESS
Janet Napolitano
Governor
Gale Garriott
Director,
Arizona Department of Revenue

December 2005

EXECUTIVE SUMMARY
Outstanding bonded indebtedness as of June 30, 2005 in Arizona, as reported by cities and towns,
counties, community colleges, school districts, state agencies, universities, special districts and
other political subdivisions was $27.011 billion. This figure represents principal only; no interest is
included in the $27.011 billion total. In FY 2003/04, the total bonded indebtedness reported for the
political subdivisions referenced above was $24.108 billion. (Industrial Development Authority debt
is not included in these totals.)
Throughout FY 2004/05, $6.538 billion in new debt was reported by Arizona political subdivisions.
Of the $6.538 billion in new debt, $1.160 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
0.0%

COCO
0.6%

MOH
0.6%

NAV
0.1%

STATE
AGENCIES/
OTHER
36.9%

YAV
1.4%
LP
0.0%

GILA
0.1%
MAR
46.3%

GRE
0.0%
PIN
2.5%

GRA
0.1%

YUMA
0.7%
PIMA
10.7%

COCH
0.0%

SC
0.0%

According to reports submitted, all Arizona political subdivisions were within their constitutional debt limit
at the end of the fiscal year with one exception. 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 $31.303 billion. The total amount outstanding was $6.650 billion.

BONDED INDEBTEDNESS REPORTED BY POLITICAL SUBDIVISIONS FOR FY2005 AND
FY2004

$12,000.0

FY2005
FY2004

$10,000.0

$8,000.0

millions

$6,000.0

$4,000.0

$2,000.0

$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 2004/05, 402
political subdivisions reported bonded indebtedness out of the 905 that submitted reports. In
FY 2003/04, 394 political subdivisions reported bonded indebtedness out of the 896 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 $626.7 million for all reporting
subdivisions in FY 2004/05. There were 327 political subdivisions and agencies reporting these
types of contracts. (There were 512 political subdivisions and agencies that reported no lease
purchase or third party contracts in FY 2004/05.) In FY 2003/04, $570.6 million in outstanding
lease purchase and third party contracts was reported by 337 political subdivisions and agencies.
(There were 580 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 2005 AND 2004
$200.0
$180.0
$160.0
$140.0
$120.0
Million

$100.0
$80.0

FY2005
FY2004

$60.0
$40.0
$20.0

Y um a

Yavapai

S tate A gencies/O ther

Santa Cruz

P inal

P im a

Navajo

M ohave

M aricopa

La P az

G reenlee

G raham

G ila

Coconino

Cochise

Apache

$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
2004/05 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 2005 EXECUTIVE SUMMARY
OF OUTSTANDING INDEBTEDNESS
LOCATION
ORIGINAL PRINCIPAL

JURISDICTION

PRINCIPAL RETIRED
THROUGH FY 2005*

PRINCIPAL REFUNDED
THROUGH FY 2005*

OUTSTANDING PRINCIPAL
AS OF JUNE 30, 2005

Apache County
City
County

$3,921,045
$7,450,000

$828,942
$920,000

$0
$0

$3,092,103
$6,530,000

School District

$7,560,000

$6,235,000

$0

$1,325,000

Special District

$2,520,000

$1,190,000

$0

$1,330,000

$0

$12,277,103

$33,751,831

Total Bonded Indebtedness for all Jurisdictions in Apache
$9,173,942
Cochise County
City

$52,533,850

$15,027,019

$3,755,000

$3,000,000

$1,945,000

$0

$1,055,000

County
School District

$9,500,000
$47,215,000

$785,000
$19,825,000

$0
$0

$8,715,000
$27,390,000

Special District

$3,770,000

$1,870,000

$0

$1,900,000

$3,755,000

$72,811,831

$740,000
$0

$102,975,664
$2,141,000

Community College

Total Bonded Indebtedness for all Jurisdictions in Cochise
$39,452,019
Coconino County
City
Community College
County
School District
Special District

$141,443,416
$25,000,000

$37,727,752
$3,590,000

$30,650,000

$10,550,000

$0

$20,100,000

$112,500,000
$42,477,844

$55,930,000
$16,551,299

$11,970,000
$0

$44,600,000
$25,926,545

$124,349,051

$12,710,000

$195,743,209

Total Bonded Indebtedness for all Jurisdictions in Coconino

Gila County
City

$15,612,000

$4,024,154

$0

$11,587,846

County
School District

$3,245,000
$34,025,000

$1,010,000
$10,135,000

$0
$10,460,000

$2,235,000
$13,430,000

Special District

$383,300

$156,162

$0

$227,138

$10,460,000

$27,479,984

$5,801,257
$0

$630,000
$0

$17,043,743
$0

$0

$0

$0

$0

$20,950,000
$0

$7,390,000
$0

$0
$0

$13,560,000
$0

$630,000

$30,603,743

Total Bonded Indebtedness for all Jurisdictions in Gila
$15,325,316
Graham County
City
Community College
County
School District
Special District

$23,475,000
$0

Total Bonded Indebtedness for all Jurisdictions in Graham
$13,191,257

*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 2005 EXECUTIVE SUMMARY
OF OUTSTANDING INDEBTEDNESS
LOCATION
ORIGINAL PRINCIPAL

JURISDICTION

PRINCIPAL RETIRED
THROUGH FY 2005*

PRINCIPAL REFUNDED
THROUGH FY 2005*

OUTSTANDING PRINCIPAL
AS OF JUNE 30, 2005

Greenlee County
City
County

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

$412,530
$1,845,000

$0
$0

$832,470
$905,000

School District

$10,275,000

Special District

$0

$3,870,000

$0

$6,405,000

$0

$0

$0

$0

$8,142,470

$10,725,509

Total Bonded Indebtedness for all Jurisdictions in Greenlee
$6,127,530
La Paz County
City
County
School District
Special District

$13,957,500

$3,231,991

$0

$4,200,000

$1,550,000

$0

$2,650,000

$13,435,000
$1,497,000

$5,150,000
$617,000

$3,830,000
$0

$4,455,000
$880,000

$10,548,991

$3,830,000

$18,710,509

Total Bonded Indebtedness for all Jurisdictions in La Paz

Maricopa County
City

$12,289,546,734

$1,630,372,640

$2,237,584,545

$8,421,589,549

$694,805,000
$168,875,000

$168,065,000
$62,230,000

$100,960,000
$0

$425,780,000
$106,645,000

School District

$5,432,074,000

$1,051,401,088

$1,494,201,812

$2,886,471,000

Special District

$545,144,849

$75,812,854

$2,741,371

$466,590,624

$3,835,487,728

$12,307,076,173

$103,239,305

Community College
County

Total Bonded Indebtedness for all Jurisdictions in Maricopa
$2,987,881,582
Mohave County
City

$146,078,421

$40,159,116

$2,680,000

$12,130,000

$775,000

$0

$11,355,000

County
School District

$34,520,000
$154,182,000

$9,525,000
$43,532,000

$0
$34,295,000

$24,995,000
$76,355,000

Special District

$61,381,995

$21,977,253

$40,000

$39,364,742

$115,968,369

$37,015,000

$255,309,047

$13,721,481
$4,410,000

$3,005,000
$0

$27,896,852
$7,015,000

Community College

Total Bonded Indebtedness for all Jurisdictions in Mohave

Navajo County
City
Community College
County
School District
Special District

$44,623,333
$11,425,000
$7,320,000

$1,140,000

$0

$6,180,000

$67,520,000
$23,534,952

$16,970,000
$8,081,461

$12,140,000
$0

$38,410,000
$15,453,491

$15,145,000

$94,955,343

Total Bonded Indebtedness for all Jurisdictions in Navajo
$44,322,942

*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 2005 EXECUTIVE SUMMARY
OF OUTSTANDING INDEBTEDNESS
LOCATION
ORIGINAL PRINCIPAL

JURISDICTION

PRINCIPAL RETIRED
THROUGH FY 2005*

PRINCIPAL REFUNDED
THROUGH FY 2005*

OUTSTANDING PRINCIPAL
AS OF JUNE 30, 2005

Pima County
City
Community College
County
School District
Special District

$1,579,836,013
$160,580,000

$158,232,837
$79,510,000

$384,543,773
$5,100,000

$1,037,059,403
$75,970,000

$724,958,855

$169,651,935

$8,630,000

$546,676,920

$1,172,675,000
$259,005,684

$258,129,972
$54,978,982

$320,815,028
$5,075,000

$593,730,000
$198,951,702

$724,163,801

$2,452,388,025

Total Bonded Indebtedness for all Jurisdictions in Pima
$720,503,726
Pinal County
City

$52,375,228

$19,478,099

$0

$32,897,129

$19,600,000
$114,055,000

$2,450,000
$8,465,000

$7,840,000
$0

$9,310,000
$105,590,000

School District

$165,993,465

$29,648,465

$22,070,000

$114,275,000

Special District

$151,934,553

$24,635,080

$31,826,083

$95,473,390

$84,676,644

$61,736,083

$357,545,519

$24,321,776

$3,043,539

$4,015,000

$17,263,237

$5,415,000

$5,415,000

$0

$0

$26,790,000
$0

$11,800,000
$0

$1,140,000
$0

$13,850,000
$0

$5,155,000

$31,113,237

Community College
County

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
$20,258,539
Statewide District
Other
State Agency or University

$5,770,332,936

$1,187,687,510

$1,533,193,900

$3,049,451,526

$11,037,022,568

$2,683,667,350

$891,254,000

$7,462,101,218

$2,424,447,900

$10,511,552,744

Total Bonded Indebtedness for all Jurisdictions in Statewide District
$3,871,354,860
Yavapai County
City

$302,218,281

$55,691,221

$57,188,000

$189,339,060

$78,130,000

$15,110,000

$0

$63,020,000

County
School District

$9,000,000
$103,665,000

$6,937,500
$32,020,000

$0
$21,355,000

$2,062,500
$50,280,000

Special District

$93,688,039

$11,821,420

$1,075,000

$80,791,619

$121,580,141

$79,618,000

$385,493,179

Community College

Total Bonded Indebtedness for all Jurisdictions in Yavapai

*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 2005 EXECUTIVE SUMMARY
OF OUTSTANDING INDEBTEDNESS
LOCATION
ORIGINAL PRINCIPAL

JURISDICTION

PRINCIPAL RETIRED
THROUGH FY 2005*

PRINCIPAL REFUNDED
THROUGH FY 2005*

OUTSTANDING PRINCIPAL
AS OF JUNE 30, 2005

Yuma County
City
Community College

$181,424,920
$10,845,000

$14,370,594
$3,660,000

$7,250,000
$0

$159,804,326
$7,185,000

County

$28,805,000

$5,490,000

$0

$23,315,000

School District
Special District

$84,760,000
$28,416,077

$24,280,000
$8,909,045

$20,570,000
$0

$39,910,000
$19,507,032

$56,709,639

$27,820,000

$249,721,358

$8,241,424,548

$7,241,973,512

$27,010,923,474

Total Bonded Indebtedness for all Jurisdictions in Yuma

GRAND TOTAL

$42,513,600,634

*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 OF CONTENTS
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 90
Table 29 Navajo County Special District Indebtedness .........................................Page 93
Table 30 Pima County Special District Indebtedness ............................................Page 97
Table 31 Pinal County Special District Indebtedness ..........................................Page 100
Table 32 Santa Cruz County Special District Indebtedness ................................Page 104
Table 33 Yavapai County Special District Indebtedness .....................................Page 105
Table 34 Yuma County Special District Indebtedness .........................................Page 108
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 2004/05 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 139

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 181
Table 49 Jurisdictions Who Failed to Submit Lease Purchase Reports ..............Page 184

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,
2004 through June 30, 2005 (hereafter referred
to as FY 2004/05), 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 2004/05; 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
$27.011 billion.
Section Two provides information on new
debt issued during FY 2004/05.
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 2004/05. 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.

Section Four provides a summary of the
Lease
Purchase/Third
Party
Contract
information collected for FY 2004/05. 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.
Section Five lists political subdivisions that
failed to submit a Report of Bonded
Indebtedness or Lease Purchase/Third Party
Financing Report for FY 2004/05.
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 2005 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,

electric light or power systems, water or
sewer systems or stadiums.
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.
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 2004/05 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.
Thirteen
counties have reported outstanding debt
totaling $856.6 million at the end of FY
2004/05. Detail of the outstanding debt
reported by the counties can be found in
Table 1. Four types of debt have been
reported:
⇓
$269.8 million in general obligation
debt, reported by two counties;
⇓
$389.0 million in revenue bonds,
reported by four counties;
⇓
$89.3 million in certificates of
participation, reported by seven counties;
and
⇓
$108.7 million in municipal property
corporation debt, reported by three counties.
During FY 2004/05, $94.4 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
Mohave
Yuma
Coconino
Cochise
Apache
Navajo
La Paz
Gila
Yavapai

OUTSTANDING DEBT
$546,676,920
$106,645,000
$105,590,000
$24,995,000
$23,315,000
$20,100,000
$8,715,000
$6,530,000
$6,180,000
$2,650,000
$2,235,000
$2,062,500

COUNTY
Greenlee
Graham
Santa Cruz

OUTSTANDING DEBT
$905,000
$0
$0

Please note that the outstanding balances
listed in the report should reflect all
indebtedness as of June 30, 2005.
However, the year-end balances should
reflect any July 1, 2005 payments if the
payment amount has been deposited into a
dedicated fund for the payment of principal.
GENERAL OBLIGATION DEBT
Apache and Pima 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.
COUNTY

DEBT
LIMITATION

DEBT

% OF DEBT
LIMIT USED

Apache
Pima

$45,353,050
$843,023,441

$2,550,000
$267,270,000

5.6%
31.7%

REVENUE BONDS
Maricopa, Navajo, Pima and Yavapai
Counties have outstanding revenue bonds,
which are considered county debt but are
not subject to a limitation. The outstanding
balance in revenue bonds at the end of FY
2004/05 was $389.0 million, after payments
totaling $33.3 million during the fiscal year.
CERTIFICATES OF PARTICIPATION
Apache, Cochise, Coconino, La Paz,
Maricopa, Mohave and Yuma Counties
reported certificates of participation. The
outstanding balance in certificates of
participation at the end of FY 2004/05 was
$89.3 million, after retiring and refunding
$6.8 million during the fiscal year.
MUNICIPAL PROPERTY CORPORATION
DEBT
Gila, Greenlee and Pinal Counties have
reported municipal property corporation
debt. The outstanding balance at the end of
FY 2004/05 was $108.7 million. A total of
$2.9 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

PER CAPITA DEBT
$587.06
$480.43
$155.13

COUNTY
Mohave
Yuma
La Paz
Greenlee
Apache
Cochise
Navajo
Gila
Maricopa
Yavapai
Graham
Santa Cruz

PER CAPITA DEBT
$138.70
$128.48
$125.38
$108.38
$91.56
$66.93
$57.53
$41.34
$30.26
$10.48
$0.00
$0.00

The population measure used to calculate
per capita debt is the July 1, 2004
Department of Economic Security estimate.

Return to Table of Contents

TABLE 1
COUNTY FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
COUNTY NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

15% DEBT LIMIT

15% DEBT LIMIT
USED

$45,353,050

$2,550,000

$4,510,048,001

$0

Apache
Certificate of Participation
General Obligation
Totals for Apache

1
1
2

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

$0
$0
$0

$470,000
$450,000
$920,000

$3,980,000
$2,550,000
$6,530,000

Certificate of Participation
Totals for Cochise

1
1

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

$250,000
$250,000

$535,000
$535,000

$8,715,000
$8,715,000

Certificate of Participation
Totals for Coconino

2
2

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

$8,710,000
$8,710,000

$1,840,000
$1,840,000

$20,100,000
$20,100,000

Municipal Property Corp
Totals for Gila

1
1

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

$830,000
$830,000

$180,000
$180,000

$2,235,000
$2,235,000

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

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

$285,000
$285,000

$905,000
$905,000

Certificate of Participation
Totals for La Paz

2
2

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

$855,000
$855,000

$695,000
$695,000

$2,650,000
$2,650,000

Certificate of Participation
General Obligation
Revenue
Totals for Maricopa

1
1
2
4

$6,975,000
$20,165,000
$141,735,000
$168,875,000

$1,110,000
$0
$31,495,000
$32,605,000

$365,000
$20,165,000
$9,095,000
$29,625,000

$5,500,000
$0
$101,145,000
$106,645,000

Certificate of Participation
Totals for Mohave

3
3

$34,520,000
$34,520,000

$7,775,000
$7,775,000

$1,750,000
$1,750,000

$24,995,000
$24,995,000

Revenue
Totals for Navajo

1
1

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

$890,000
$890,000

$250,000
$250,000

$6,180,000
$6,180,000

Cochise

Coconino

Gila

Graham

Greenlee

La Paz

Maricopa

Mohave

Navajo

TABLE 1
COUNTY FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
COUNTY NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

15% DEBT LIMIT

15% DEBT LIMIT
USED

$843,023,441

$267,270,000

$38,052,163

$0

Pima
8
14
22

$360,255,000
$364,703,855
$724,958,855

$63,150,000
$65,659,000
$128,809,000

$29,835,000
$19,637,935
$49,472,935

$267,270,000
$279,406,920
$546,676,920

Municipal Property Corp
Totals for Pinal

3
3

$114,055,000
$114,055,000

$6,065,000
$6,065,000

$2,400,000
$2,400,000

$105,590,000
$105,590,000

General Obligation
Totals for Santa Cruz

1
1

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

$4,375,000
$4,375,000

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

$0
$0

Revenue
Totals for Yavapai

1
1

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

$2,625,000
$2,625,000

$4,312,500
$4,312,500

$2,062,500
$2,062,500

Certificate of Participation
Totals for Yuma

4
4

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

$4,390,000
$4,390,000

$1,100,000
$1,100,000

$23,315,000
$23,315,000

Certificate of Participation
General Obligation
Municipal Property Corp
Revenue

14
11
5
18

$119,100,000
$388,835,000
$120,050,000
$522,758,855

$23,090,000
$67,525,000
$8,455,000
$100,669,000

$6,755,000
$51,490,000
$2,865,000
$33,295,435

$89,255,000
$269,820,000
$108,730,000
$388,794,420

Grand Totals:

48

$1,150,743,855

$199,739,000

$94,405,435

$856,599,420

General Obligation
Revenue
Totals for Pima
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, 2005, these
types of outstanding debt totaled $10.171
billion for cities and towns, a 19.5% increase
from the $8.510 billion reported for FY 2004.
Of the 89 incorporated cities and towns in
Arizona, 75 had at least one of these types
of debt outstanding at the end of the FY
2005, 12 reported no debt, and 2 failed to
submit a report.
Detail of the outstanding indebtedness of
Cities and Towns, in alphabetical order, can
be found in Table 2. The cities and towns
reported the following outstanding bonded
indebtedness as of June 30, 2005:
⇓
$2.823 billion in general obligation
debt, reported by 34 cities and towns;
⇓
$5.337 billion in revenue bonds,
reported by 60 cities and towns;
⇓
$73 million in special assessment
debt1, reported by 19 cities and towns;
⇓
$224 million in certificates of
participation, reported by 12 cities and
towns; and
⇓
$1.713 billion in debt issued through
municipal property corporations, reported by
36 cities and towns.
During FY 2005, 27 municipalities issued 60
new bond issues totaling $2 billion. Of all
the cities and towns with outstanding debt,
Phoenix has the most with $4.835 billion
while Miami has the least with $16,846.
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.

Bisbee and Springerville submitted their
indebtedness report after the print deadline
and are not included in the FY 2005 report.
At the close of FY 2004, Bisbee had
outstanding debt of $2,915,128 while
Springerville had $589,331.
Nine municipalities with outstanding debt in
excess of $150 million account for 88% of all
outstanding debt.
CITY/TOWN
OUTSTANDING DEBT
Phoenix
$4,835,486,949
Mesa
$966,806,000
Tucson
$920,969,403
Scottsdale
$688,165,322
Glendale
$477,755,908
Tempe
$337,990,000
Chandler
$302,763,500
Gilbert
$264,070,000
Yuma
$155,979,326
Peoria
$146,427,254
Goodyear
$143,082,625
Avondale
$89,669,244
Oro Valley
$76,730,000
Flagstaff
$68,241,758
Sedona
$63,121,611
Lake Havasu City
$60,912,367
Prescott Valley
$59,699,000
Surprise
$55,228,842
Prescott
$35,062,640
Marana
$32,500,000
Tolleson
$32,340,000
Bullhead City
$31,030,000
Fountain Hills
$28,657,911
Sierra Vista
$25,370,254
Cottonwood
$20,645,000
Page
$20,170,000
Nogales
$16,940,345
El Mirage
$16,200,000
Safford
$15,104,114
Buckeye
$13,095,000
Williams
$13,010,669
Winslow
$11,669,274
Kingman
$10,915,938
Apache Junction
$10,758,651

CITY/TOWN
OUTSTANDING DEBT
Cave Creek
$10,455,015
Eloy
$9,346,286
Quartzsite
$8,450,509
Florence
$8,164,518
Chino Valley
$7,740,000
Paradise Valley
$7,190,000
South Tucson
$6,860,000
Payson
$6,571,000
Holbrook
$5,244,786
Globe
$5,000,000
Show Low
$4,605,000
Snowflake
$4,213,000
Douglas
$4,095,000
Coolidge
$4,008,707
Guadalupe
$3,445,000
Eagar
$2,937,552
Wickenburg
$2,760,979
Willcox
$2,756,577
San Luis
$2,640,000
Parker
$2,275,000
Camp Verde
$2,040,000
Thatcher
$1,774,629
Fredonia
$1,553,237
Pinetop-Lakeside
$1,425,000
Somerton
$1,185,000
Superior
$1,115,000
Kearny
$1,001,618
Huachuca City
$942,000
Duncan
$747,470
Clarkdale
$740,000
Taylor
$739,792
Tombstone
$588,000
Casa Grande
$585,000
Colorado City
$381,000
Patagonia
$322,892
Jerome
$290,809
Pima
$165,000
St. Johns
$154,551
Clifton
$85,000
Mammoth
$26,000
Miami
$16,846
Benson
$0
Carefree
$0
Dewey-Humboldt
$0
Gila Bend
$0
Hayden
$0
Litchfield Park
$0
Maricopa
$0
Queen Creek
$0
Sahuarita
$0
Wellton
$0

Winkelman
Youngtown
Bisbee
Springerville

$0
$0
UNKNOWN
UNKNOWN

Please note that the outstanding balances
listed in the report should reflect all
indebtedness as of June 30, 2005.
However, the year-end balances will reflect
any July 1, 2005 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,
2005 was $2.823 billion, or 27.8% of all
outstanding debt. General obligation debt
was reported by 35 of the 89 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.
No cities that reported general
obligation debt exceeded their constitutional
debt limits for FY 2005.
Cities retired and refunded $590.6 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.

CITY
Avondale

DEBT
LIMITATION
$68,959,309

Buckeye

$21,278,961

Cave Creek
Chandler

DEBT

% OF DEBT
LIMIT USED
$17,590,000
25.5%
$1,145,000

5.4%

$26,430,398

$5,995,000

22.7%

$469,494,688

$140,305,000

29.9%

Clifton

$1,319,080

$85,000

6.4%

Cottonwood

$5,985,440

$990,000

16.5%

Eagar

$4,157,777

$79,552

1.9%

El Mirage

$25,705,276

$4,855,000

18.9%

Flagstaff

$130,430,414

$21,189,064

16.2%

Avondale

$68,959,309

$17,590,000

25.5%

Fountain Hills

$90,843,567

$10,675,000

11.8%

Gilbert

$273,603,672

$92,600,000

33.8%

Glendale

$297,583,004

$159,115,976

53.5%

Goodyear

$85,069,821

$58,265,000

68.5%

Holbrook

$4,801,181

$85,000

1.8%

Huachuca City

$1,430,645

$16,000

1.1%

Kearny

$1,341,222

$26,000

1.9%

$38,670,316

$1,520,000

3.9%

Kingman
Lake Havasu
City

$117,217,853

$32,379,842

27.6%

Mesa

$688,522,454

$202,060,000

29.3%

Payson

$42,353,796

$3,506,000

8.3%

Peoria

$215,184,750

$51,755,000

24.1%

Phoenix

$2,727,379,628

$1,063,106,934

39.0%

Prescott

$116,430,626

$10,395,000

8.9%

San Luis
Scottsdale
Somerton

$7,498,089

$32,000

0.4%

$1,129,298,121

$378,585,000

33.5%

$3,551,209

$1,185,000

33.4%

Surprise

$125,015,810

$3,763,842

3.0%

Tempe

$459,908,120

$237,270,000

51.6%

Tolleson

$33,915,948

$23,780,000

70.1%

Tombstone

$2,370,172

$15,000

0.6%

Tucson

$665,140,107

$291,184,070

43.8%

Willcox

$4,540,516

$1,243,000

27.4%

Williams

$7,801,063

$25,000

0.3%

$87,063,443

$8,585,000

9.9%

Yuma

REVENUE BONDS
Total outstanding debt from revenue bonds
as of June 30, 2005 was $5.337 billion, or
52.5% of total outstanding debt. There were
60 cities and towns with revenue bonds.
Cities retired and refunded $596 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. Nineteen cities and towns reported
special district or special assessment debt
totaling $73 million, or 1% of total
outstanding debt.
Cities retired and refunded $25 million in
special assessment principal in FY 2005.
The cities with outstanding special
assessment debt in excess of $5 million, in
order of most to least debt, are: Tempe,
Bullhead City, Scottsdale, Prescott Valley,
and Gilbert.
CERTIFICATES OF PARTICIPATION
Twelve cities and towns reported certificates
of participation with total outstanding
principal on June 30, 2005 of $224 million,
or 2.2% of total debt. A total of $26 million
in principal was retired and refunded in the
fiscal year. The cities with certificates of
participation debt in excess of $10 million, in
order of most to least debt, are: Goodyear,
Phoenix, and Tucson.
MUNICIPAL PROPERTY CORPORATION
DEBT
Municipal property corporation debt was
reported in 36 cities and towns for FY 2005,
with an outstanding balance at the end of
the fiscal year of $1.713 billion.
This
represents 16.8% of total outstanding debt.
Cities retired and refunded $462.8 million in
the fiscal year. Outstanding debt amounts
ranged from $954 million for Phoenix to
$365,000 for Clarkdale.
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
PER CAPITA DEBT
Tolleson
$5,939.39
Sedona
$5,790.97
Williams
$4,425.40
Goodyear
$3,995.61
Phoenix
$3,414.76
Scottsdale
$3,112.04
Page
$2,844.85
Cave Creek
$2,392.45
Quartzsite
$2,380.43
Mesa
$2,162.25
Tempe
$2,101.67
Glendale
$2,047.55
Oro Valley
$2,004.44
Prescott Valley
$1,951.59
Cottonwood
$1,935.77
Yuma
$1,812.24
Tucson
$1,765.65
Gilbert
$1,603.49
Safford
$1,600.01
Avondale
$1,488.16
Fredonia
$1,405.64
Marana
$1,381.80
Chandler
$1,371.80
Fountain Hills
$1,275.10
South Tucson
$1,229.39
Winslow
$1,211.13
Lake Havasu City
$1,166.79
Flagstaff
$1,113.79
Peoria
$1,106.78
Holbrook
$965.89
Duncan
$922.80
Buckeye
$902.79
Eloy
$887.17
Snowflake
$878.62
Prescott
$871.66
Jerome
$868.09
Surprise
$863.49
Bullhead City
$831.35
Chino Valley
$812.17
Nogales
$792.53
Willcox
$711.37
Parker
$693.60
Eagar
$688.76
Globe
$666.22
Guadalupe
$640.33
Sierra Vista
$592.69

El Mirage
Huachuca City
Coolidge
Paradise Valley
Show Low
Florence
Wickenburg
Kearny
Kingman
Payson
Thatcher
Tombstone
Patagonia
Pinetop-Lakeside
Superior
Apache Junction
Douglas
Clarkdale
Camp Verde
Taylor
Somerton
San Luis
Colorado City
Pima
St. Johns
Clifton
Casa Grande
Mammoth
Miami
Benson
Carefree
Dewey-Humboldt
Gila Bend
Hayden
Litchfield Park
Maricopa
Queen Creek
Sahuarita
Wellton
Winkelman
Youngtown
Bisbee
Springerville

$572.24
$514.75
$499.53
$498.96
$491.72
$477.32
$462.48
$456.32
$443.74
$434.59
$397.45
$368.65
$356.79
$351.42
$348.98
$319.01
$244.62
$201.36
$192.73
$185.88
$133.82
$124.65
$92.70
$79.52
$42.99
$33.93
$18.56
$14.86
$8.59
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
UNKNOWN
UNKNOWN

The population measure used to calculate
per capita debt is from the Department of
Economic Security Population Estimates, as
of July 1, 2004.

Return to Table of Contents

TABLE 2
CITY/TOWN FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
CITY NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

6% DEBT LIMIT

6% DEBT LIMIT
USED

20% DEBT LIMIT

20% DEBT LIMIT
USED

Apache Junction
1
2
3

$9,965,000
$9,088,160
$19,053,160

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

$2,005,000
$1,974,509
$3,979,509

$3,645,000
$7,113,651
$10,758,651

4
10
14

$20,840,000
$89,355,000
$110,195,000

$1,220,000
$8,412,448
$9,632,448

$2,030,000
$8,863,308
$10,893,308

$17,590,000
$72,079,244
$89,669,244

Totals for Benson

0
0

$0
$0

$0
$0

$0
$0

$0
$0

General Obligation
Revenue
Totals for Buckeye

1
3
4

$2,545,000
$13,045,000
$15,590,000

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

$665,000
$280,000
$945,000

$1,145,000
$11,950,000
$13,095,000

Municipal Property Corp
Special Assessment
Totals for Bullhead City

3
4
7

$37,145,000
$19,680,000
$56,825,000

$12,935,000
$9,450,000
$22,385,000

$2,290,000
$1,120,000
$3,410,000

$21,920,000
$9,110,000
$31,030,000

Revenue
Totals for Camp Verde

1
1

$2,040,000
$2,040,000

$0
$0

$0
$0

$2,040,000
$2,040,000

Totals for Carefree

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Special Assessment
Totals for Casa Grande

1
1

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

$250,000
$250,000

$195,000
$195,000

$585,000
$585,000

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

$15,913,687

$6,475,000

$53,045,622

$11,115,000

$4,910,529

$0

$16,368,432

$1,145,000

Benson

Buckeye

Bullhead City

Camp Verde

Carefree

Casa Grande

TABLE 2
CITY/TOWN FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
CITY NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

6% DEBT LIMIT

6% DEBT LIMIT
USED

20% DEBT LIMIT

20% DEBT LIMIT
USED

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

2
2

$2,700,000
$11,860,000

$15,000
$215,000

$260,000
$5,650,000

$2,425,000
$5,995,000

1
1
6

$2,700,000
$810,000
$18,070,000

$605,412
$230,000
$1,065,412

$269,573
$370,000
$6,549,573

$1,825,015
$210,000
$10,455,015

Certificates of Participation
General Obligation
Revenue
Special Assessment
Totals for Chandler

2
30
29
2
63

$20,150,000
$176,395,000
$240,995,000
$1,905,000
$439,445,000

$9,115,000
$18,530,000
$40,000,000
$357,500
$68,002,500

$1,700,000
$17,560,000
$49,205,000
$214,000
$68,679,000

$9,335,000
$140,305,000
$151,790,000
$1,333,500
$302,763,500

Revenue
Totals for Chino Valley

1
1

$7,740,000
$7,740,000

$0
$0

$0
$0

$7,740,000
$7,740,000

Municipal Property Corp
Revenue
Totals for Clarkdale

1
1
2

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

$255,000
$0
$255,000

$45,000
$25,000
$70,000

$365,000
$375,000
$740,000

General Obligation
Totals for Clifton

1
1

$295,000
$295,000

$180,000
$180,000

$30,000
$30,000

$85,000
$85,000

Revenue
Totals for Colorado City

1
1

$602,000
$602,000

$113,000
$113,000

$108,000
$108,000

$381,000
$381,000

Certificates of Participation
Revenue
Totals for Coolidge

1
1
2

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

$0
$87,479
$87,479

$250,000
$48,814
$298,814

$3,545,000
$463,707
$4,008,707

$6,099,323

$0

$20,331,075

$5,995,000

$108,344,928

$61,885,000

$361,149,760

$78,420,000

$304,403

$0

$1,014,677

$85,000

Chandler

Chino Valley

Clarkdale

Clifton

Colorado City

Coolidge

TABLE 2
CITY/TOWN FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
CITY NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

6% DEBT LIMIT

$4,995,440

6% DEBT LIMIT
USED

20% DEBT LIMIT

20% DEBT LIMIT
USED

$990,000

$16,651,467

$0

Cottonwood
2
1

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

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

$185,000
$515,000

$990,000
$565,000

6
9

$32,518,000
$38,128,000

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

$3,455,000
$4,155,000

$19,090,000
$20,645,000

Totals for Dewey-Humboldt

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Municipal Property Corp
Revenue
Totals for Douglas

1
2
3

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

$0
$5,730,000
$5,730,000

$70,000
$270,000
$340,000

$4,095,000
$0
$4,095,000

General Obligation
Revenue
Totals for Duncan

1
1
2

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

$123,000
$42,656
$165,656

$27,000
$9,874
$36,874

$0
$747,470
$747,470

$106,941

$0

$356,469

$0

General Obligation
Revenue
Totals for Eagar

2
3
5

$395,000
$3,370,000
$3,765,000

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

$29,000
$181,000
$210,000

$79,552
$2,858,000
$2,937,552

$959,487

$79,552

$3,198,290

$0

Certificates of Participation
General Obligation
Revenue
Totals for El Mirage

2

$19,725,000

$8,960,000

$875,000

$9,890,000

1
2
5

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

$0
$535,000
$9,495,000

$0
$335,000
$1,210,000

$4,855,000
$1,455,000
$16,200,000

$5,931,987

$0

$19,773,289

$4,855,000

Municipal Property Corp
Revenue
Totals for Eloy

3
5
8

$7,805,000
$7,359,610
$15,164,610

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

$817,000
$329,275
$1,146,275

$2,933,000
$6,413,286
$9,346,286

General Obligation
Municipal Property Corp
Revenue
Totals for Cottonwood
Dewey-Humboldt

Douglas

Duncan

Eagar

El Mirage

Eloy

TABLE 2
CITY/TOWN FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
CITY NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

6% DEBT LIMIT

$30,099,326

6% DEBT LIMIT
USED

20% DEBT LIMIT

20% DEBT LIMIT
USED

$1,225,000

$100,331,088

$19,964,064

$20,963,900

$8,550,000

$69,879,667

$2,125,000

Flagstaff
7
2

$37,624,064
$29,700,000

$7,860,000
$255,000

$8,575,000
$2,550,000

$21,189,064
$26,895,000

4
1
14

$27,730,760
$1,525,000
$96,579,824

$3,205,705
$1,135,000
$12,455,705

$4,367,361
$390,000
$15,882,361

$20,157,694
$0
$68,241,758

Revenue
Totals for Florence

4
4

$11,420,000
$11,420,000

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

$1,210,482
$1,210,482

$8,164,518
$8,164,518

General Obligation
Municipal Property Corp
Revenue
Special Assessment
Totals for Fountain Hills

5
1
4

$20,780,000
$4,680,000
$17,800,000

$1,275,000
$450,000
$905,000

$8,830,000
$2,800,000
$4,810,000

$10,675,000
$1,430,000
$12,085,000

3
13

$4,937,276
$48,197,276

$155,911
$2,785,911

$313,454
$16,753,454

$4,467,911
$28,657,911

Revenue
Totals for Fredonia

4
4

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

$197,664
$197,664

$137,691
$137,691

$1,553,237
$1,553,237

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
3
6
3
18

$122,800,000
$136,615,000
$70,110,000
$32,425,000
$361,950,000

$13,815,000
$11,365,000
$3,010,000
$21,730,000
$49,920,000

$16,385,000
$18,350,000
$7,800,000
$5,425,000
$47,960,000

$92,600,000
$106,900,000
$59,300,000
$5,270,000
$264,070,000

$63,139,309

$60,030,000

$210,464,363

$32,570,000

General Obligation
Municipal Property Corp
Revenue
Special Assessment
Totals for Glendale

9
6
6
1
22

$245,415,000
$191,000,000
$176,486,708
$299,000
$613,200,708

$62,910,000
$3,520,000
$19,318,893
$158,000
$85,906,893

$23,389,024
$11,415,000
$14,667,883
$66,000
$49,537,907

$159,115,976
$176,065,000
$142,499,932
$75,000
$477,755,908

$68,673,001

$58,525,976

$228,910,003

$100,590,000

General Obligation
Municipal Property Corp
Revenue
Special Assessment
Totals for Flagstaff
Florence

Fountain Hills

Fredonia

Gila Bend

Gilbert

Glendale

TABLE 2
CITY/TOWN FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
CITY NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

6% DEBT LIMIT

6% DEBT LIMIT
USED

20% DEBT LIMIT

20% DEBT LIMIT
USED

Globe
1
1

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

$0
$0

$0
$0

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

2
15
1
5
23

$63,240,000
$63,730,000
$4,265,000
$22,304,551
$153,539,551

$0
$3,090,000
$345,000
$2,470,655
$5,905,655

$0
$2,375,000
$280,000
$1,896,271
$4,551,271

$63,240,000
$58,265,000
$3,640,000
$17,937,625
$143,082,625

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

$80,000
$539,414
$619,414

General Obligation
Municipal Property Corp
Revenue
Totals for Huachuca City

1
1

$50,000
$1,795,000

$32,000
$850,000

1
3

$550,000
$2,395,000

Revenue
Totals for Jerome

1
1

General Obligation
Revenue
Totals for Kearny

1
3
4

Revenue
Totals for Globe
Goodyear
Certificates of Participation
General Obligation
Municipal Property Corp
Revenue
Totals for Goodyear

$19,631,497

$9,405,000

$65,438,324

$48,860,000

$85,000
$5,159,786
$5,244,786

$1,107,965

$0

$3,693,216

$85,000

$2,000
$235,000

$16,000
$710,000

$330,149

$16,000

$1,100,496

$0

$309,000
$1,191,000

$25,000
$262,000

$216,000
$942,000

$300,000
$300,000

$5,556
$5,556

$3,635
$3,635

$290,809
$290,809

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

$64,000
$910,000
$974,000

$10,000
$120,000
$130,000

$26,000
$975,618
$1,001,618

$309,513

$0

$1,031,709

$26,000

Guadalupe

Hayden

Holbrook

Huachuca City

Jerome

Kearny

TABLE 2
CITY/TOWN FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
CITY NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

6% DEBT LIMIT

$8,923,919

6% DEBT LIMIT
USED

20% DEBT LIMIT

20% DEBT LIMIT
USED

$1,520,000

$29,746,397

$0

$27,050,274

$8,149,726

$90,167,579

$24,230,116

$158,889,797

$110,085,000

$529,632,657

$91,975,000

Kingman
1
1

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

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

$620,000
$355,000

$1,520,000
$2,635,000

1
7
10

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

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

$762,013
$724,641
$2,461,654

$3,106,858
$3,654,080
$10,915,938

General Obligation
Revenue
Totals for Lake Havasu City

2
5
7

$32,737,616
$32,835,299
$65,572,915

$0
$790,000
$790,000

$357,774
$3,512,774
$3,870,548

$32,379,842
$28,532,525
$60,912,367

Totals for Litchfield Park

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Revenue
Totals for Mammoth

1
1

$430,000
$430,000

$352,000
$352,000

$52,000
$52,000

$26,000
$26,000

Municipal Property Corp
Totals for Marana

4
4

$46,550,000
$46,550,000

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

$8,985,000
$8,985,000

$32,500,000
$32,500,000

Totals for Maricopa

0
0

$0
$0

$0
$0

$0
$0

$0
$0

12
2
26
2
42

$339,395,000
$57,000,000
$1,045,450,000
$118,103
$1,441,963,103

$61,200,000
$27,230,000
$206,415,000
$58,103
$294,903,103

$76,135,000
$6,300,000
$97,795,000
$24,000
$180,254,000

$202,060,000
$23,470,000
$741,240,000
$36,000
$966,806,000

1
1

$400,000
$400,000

$333,154
$333,154

$50,000
$50,000

$16,846
$16,846

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

Litchfield Park

Mammoth

Marana

Maricopa

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

TABLE 2
CITY/TOWN FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
CITY NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

6% DEBT LIMIT

6% DEBT LIMIT
USED

20% DEBT LIMIT

20% DEBT LIMIT
USED

$32,579,843

$1,476,000

Nogales
3
2

$18,545,000
$4,532,776

$1,265,000
$287,070

$4,220,000
$642,361

$13,060,000
$3,603,345

1
6

$761,000
$23,838,776

$330,000
$1,882,070

$154,000
$5,016,361

$277,000
$16,940,345

1
7
1
1
10

$5,125,000
$89,840,000
$2,580,000
$3,945,000
$101,490,000

$955,000
$2,935,000
$200,000
$0
$4,090,000

$3,955,000
$15,180,000
$1,535,000
$0
$20,670,000

$215,000
$71,725,000
$845,000
$3,945,000
$76,730,000

3
3

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

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

$1,640,000
$1,640,000

$20,170,000
$20,170,000

Municipal Property Corp
Totals for Paradise Valley

1
1

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

$1,610,000
$1,610,000

$370,000
$370,000

$7,190,000
$7,190,000

Revenue
Totals for Parker

1
1

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

$1,205,000
$1,205,000

$520,000
$520,000

$2,275,000
$2,275,000

Revenue
Totals for Patagonia

2
2

$483,000
$483,000

$0
$0

$160,108
$160,108

$322,892
$322,892

3
3
1
7

$4,920,000
$3,150,000
$2,142,000
$10,212,000

$1,249,000
$1,150,000
$692,000
$3,091,000

$165,000
$240,000
$145,000
$550,000

$3,506,000
$1,760,000
$1,305,000
$6,571,000

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

Parker

Patagonia

Payson
General Obligation
Revenue
Special Assessment
Totals for Payson

$9,773,953

$2,030,000

TABLE 2
CITY/TOWN FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
CITY NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

6% DEBT LIMIT

$49,658,019

6% DEBT LIMIT
USED

20% DEBT LIMIT

20% DEBT LIMIT
USED

$13,900,000

$165,526,731

$37,855,000

$629,395,299

$355,230,000

$2,097,984,329

$707,876,934

$26,868,606

$10,395,000

$89,562,020

$0

Peoria
General Obligation
Municipal Property Corp
Revenue
Totals for Peoria

7
1

$72,985,000
$25,015,000

$16,420,000
$2,310,000

$4,810,000
$2,525,000

$51,755,000
$20,180,000

9
17

$104,439,870
$202,439,870

$24,927,568
$43,657,568

$5,020,048
$12,355,048

$74,492,254
$146,427,254

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

1
24
20
34
5
84

$35,465,000
$1,891,640,838
$1,754,540,000
$3,406,875,920
$15,603,191
$7,104,124,949

$0
$659,175,761
$518,230,000
$492,210,000
$8,845,000
$1,678,460,761

$480,000
$169,358,143
$282,155,000
$134,525,000
$3,659,096
$590,177,239

$34,985,000
$1,063,106,934
$954,155,000
$2,780,140,920
$3,099,095
$4,835,486,949

1
1

$575,000
$575,000

$380,000
$380,000

$30,000
$30,000

$165,000
$165,000

Municipal Property Corp
Totals for Pinetop-Lakeside

1
1

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

$445,000
$445,000

$250,000
$250,000

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

General Obligation
Municipal Property Corp
Special Assessment
Totals for Prescott

1
4
6
11

$15,895,000
$31,030,000
$4,840,281
$51,765,281

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

$2,335,000
$6,020,000
$655,113
$9,010,113

$10,395,000
$21,355,000
$3,312,640
$35,062,640

Municipal Property Corp
Revenue

6
1
3
10

$52,795,000
$10,545,000
$14,905,000
$78,245,000

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

$7,365,000
$745,000
$3,791,000
$11,901,000

$43,695,000
$9,800,000
$6,204,000
$59,699,000

6
2
8

$6,237,500
$3,720,000
$9,957,500

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

$287,581
$213,643
$501,224

$5,139,543
$3,310,966
$8,450,509

Phoenix

Pima
Revenue
Totals for Pima
Pinetop-Lakeside

Prescott

Prescott Valley

Special Assessment
Totals for Prescott Valley
Quartzsite
Municipal Property Corp
Revenue
Totals for Quartzsite

TABLE 2
CITY/TOWN FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
CITY NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

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

$3,718,032
$3,718,032

$0
$0

Revenue
Totals for Safford

4
4

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

$2,948,198
$2,948,198

$847,688
$847,688

$15,104,114
$15,104,114

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

$49,000
$2,258,800
$2,307,800

$4,000
$278,200
$282,200

$32,000
$2,608,000
$2,640,000

1
14
2
14
4
35

$7,650,000
$652,430,000
$32,975,000
$418,660,322
$38,215,000
$1,149,930,322

$0
$141,945,000
$22,870,000
$65,175,000
$27,128,237
$257,118,237

$0
$131,900,000
$8,620,000
$59,380,000
$4,746,763
$204,646,763

$7,650,000
$378,585,000
$1,485,000
$294,105,322
$6,340,000
$688,165,322

Safford

Sahuarita

San Luis
$1,730,328

$0

$5,767,761

$32,000

$260,607,259

$64,799,000

$868,690,862

$313,786,000

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

3

$8,110,000

$945,000

$5,445,000

$1,720,000

2
4
1
10

$43,035,000
$69,290,000
$2,500,000
$122,935,000

$424,906
$9,450,000
$1,165,000
$11,984,906

$25,458,483
$16,535,000
$390,000
$47,828,483

$17,151,611
$43,305,000
$945,000
$63,121,611

Certificates of Participation
Totals for Show Low

2
2

$9,540,000
$9,540,000

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

$1,595,000
$1,595,000

$4,605,000
$4,605,000

Show Low

TABLE 2
CITY/TOWN FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
CITY NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

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

$2,849,196
$765,000
$3,614,196

$23,630,254
$1,740,000
$25,370,254

Revenue
Totals for Snowflake

1
1

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

$0
$0

$0
$0

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

General Obligation
Totals for Somerton

1
1

$1,185,000
$1,185,000

$0
$0

$0
$0

$1,185,000
$1,185,000

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

Revenue
Totals for St. Johns

1
1

$156,045
$156,045

$0
$0

$1,494
$1,494

$154,551
$154,551

Municipal Property Corp
Totals for Superior

1
1

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

$20,000
$20,000

$65,000
$65,000

$1,115,000
$1,115,000

General Obligation
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

$1,158,896
$45,440,000
$46,598,896

$3,763,842
$51,465,000
$55,228,842

Municipal Property Corp

2
4
6

$981,000
$1,594,333
$2,575,333

$0
$884,000
$884,000

$476,000
$475,541
$951,541

$505,000
$234,792
$739,792

Snowflake

Somerton
$819,510

$0

$2,731,699

$1,185,000

$28,849,802

$0

$96,166,008

$3,763,842

South Tucson

St. Johns

Superior

Surprise

Taylor
Revenue
Totals for Taylor

TABLE 2
CITY/TOWN FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
CITY NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

6% DEBT LIMIT

6% DEBT LIMIT
USED

20% DEBT LIMIT

20% DEBT LIMIT
USED

Tempe
1
12

$5,110,000
$301,325,000

$1,775,000
$24,870,000

$1,015,000
$39,185,000

$2,320,000
$237,270,000

1
3
6
23

$1,400,000
$94,180,000
$31,840,000
$433,855,000

$880,000
$11,125,000
$10,710,000
$49,360,000

$245,000
$4,275,000
$1,785,000
$46,505,000

$275,000
$78,780,000
$19,345,000
$337,990,000

Revenue
Totals for Thatcher

2
2

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

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

$971,832
$971,832

$1,774,629
$1,774,629

General Obligation
Municipal Property Corp
Totals for Tolleson

5
1
6

$29,490,000
$8,560,000
$38,050,000

$1,705,000
$0
$1,705,000

$4,005,000
$0
$4,005,000

1
3
4

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

$57,000
$314,000
$371,000

6
24
38
14
82

$112,780,000
$521,225,720
$784,835,000
$6,095,293
$1,424,936,013

Totals for Wellton

0
0

Revenue
Totals for Wickenburg

2
2

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

$106,132,643

$69,830,000

$353,775,477

$167,440,000

$23,780,000
$8,560,000
$32,340,000

$7,826,757

$3,500,000

$26,089,191

$20,280,000

$3,000
$19,500
$22,500

$15,000
$573,000
$588,000

$546,963

$0

$1,823,209

$15,000

$17,845,000
$157,456,650
$88,533,498
$1,615,401
$265,450,549

$10,565,000
$72,585,000
$154,461,769
$904,292
$238,516,061

$84,370,000
$291,184,070
$541,839,733
$3,575,600
$920,969,403

$153,493,871

$73,494,460

$511,646,236

$217,689,610

$0
$0

$0
$0

$0
$0

$0
$0

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

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

$410,021
$410,021

$2,760,979
$2,760,979

Thatcher

Tolleson

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

Wickenburg

TABLE 2
CITY/TOWN FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
CITY NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

6% DEBT LIMIT

6% DEBT LIMIT
USED

20% DEBT LIMIT

20% DEBT LIMIT
USED

Willcox
General Obligation
Revenue
Totals for Willcox

4
3
7

$2,340,000
$1,821,700
$4,161,700

$874,000
$111,010
$985,010

$223,000
$197,113
$420,113

$1,243,000
$1,513,577
$2,756,577

$1,047,811

$1,045,000

$3,492,705

$198,000

General Obligation

1
1
4
6

$400,000
$5,480,000
$11,590,000
$17,470,000

$325,000
$825,000
$954,866
$2,104,866

$50,000
$1,735,000
$569,465
$2,354,465

$25,000
$2,920,000
$10,065,669
$13,010,669

$1,800,245

$25,000

$6,000,818

$0

Municipal Property Corp
Revenue
Totals for Williams

Totals for Winkelman

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Revenue
Totals for Winslow

6
6

$19,195,000
$19,195,000

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

$4,306,696
$4,306,696

$11,669,274
$11,669,274

Totals for Youngtown

0
0

$0
$0

$0
$0

$0
$0

$0
$0

General Obligation
Municipal Property Corp
Revenue
Totals for Yuma

2
1
3
6

$22,455,000
$34,150,000
$118,404,920
$175,009,920

$12,015,000
$0
$2,106,400
$14,121,400

$1,855,000
$890,000
$2,164,194
$4,909,194

$8,585,000
$33,260,000
$114,134,326
$155,979,326

$20,091,564

$0

$66,971,879

$8,585,000

24

$293,390,000

$42,950,000

$26,140,000

$224,300,000

General Obligation

207

$4,612,414,193

$1,198,435,076

$590,571,837

$2,823,407,280

Municipal Property Corp

103

$2,820,819,150

$644,926,482

$462,803,260

$1,713,089,408

Revenue

299

$6,957,112,684

$1,023,680,938

$596,111,582

$5,337,320,164

67

$191,299,650

$93,137,465

$25,072,359

$73,089,826

700

$14,875,035,677

$3,003,129,961

$1,700,699,038

$10,171,206,678

Williams

Winkelman

Winslow

Youngtown

Yuma

Certificates of Participation

Special Assessment
Grand Totals:

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 and Gila
Community College have 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, 2005:
⇓
$567.6 million in general obligation
debt, reported by six community colleges;
⇓
$52.6 million in revenue bonds,
reported by six community colleges; and
⇓
$1.9 million in certificates of
participation, reported by two community
colleges.
During FY 2004/05, $55.8 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
Coconino
Mohave
Central Arizona2
Arizona Western3
Navajo
Cochise
Eastern Arizona4
Gila

OUTSTANDING
DEBT
$425,780,000
$75,970,000
$63,020,000
$21,410,000
$11,355,000
$9,310,000
$7,185,000
$7,015,000
$1,055,000
$0
$0

2Central Arizona Community College serves Pinal
County.
3Arizona Western Community College serves Yuma
and La Paz Counties.
4Eastern Arizona Community College serves Graham
County.

Please note that the outstanding balances
listed in the report should reflect all
indebtedness as of June 30, 2005.
However, the year-end balances should
reflect any July 1, 2005 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.
COMMUNITY
COLLEGE
Arizona Western
Coconino
Maricopa
Navajo
Pima
Yavapai

DEBT
DEBT
LIMITATION
$124,059,259
$6,865,000
$183,333,833 $21,410,000
$4,510,048,001 $399,805,000
$99,481,042
$6,155,000
$843,023,441 $71,675,000
$267,776,203 $61,725,000

% OF DEBT
LIMIT USED
5.5%
11.7%
8.9%
6.2%
8.5%
23.1%

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 2004/05 was $52.6 million, after
retiring and refunding $14.0 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 2004/05 was $1.9 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
$17,195.09
$10,979.49

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

PER STUDENT
DEBT
$5,009.18
$4,831.91
$3,406.73
$2,482.67
$2,418.97
$1,674.43
$222.11
$0.00
$0.00

The student population counts used to
calculate the per student debt are those
provided by the State Board of Community
Colleges for FY 2004/05 for the expenditure
limitation calculation.

Return to Table of Contents

TABLE 3
COMMUNITY COLLEGE FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
COMMUNITY COLLEGE NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

15% DEBT LIMIT

15% DEBT LIMIT
USED

$124,059,259

$6,865,000

$183,333,833

$21,410,000

$4,510,048,001

$399,805,000

$99,481,042

$6,155,000

Arizona Western
1
1
2

$9,845,000
$1,000,000
$10,845,000

$1,465,000
$630,000
$2,095,000

$1,515,000
$50,000
$1,565,000

$6,865,000
$320,000
$7,185,000

Revenue
Totals for Central Arizona

2
2

$19,600,000
$19,600,000

$2,265,000
$2,265,000

$8,025,000
$8,025,000

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

Certificate of Participation
Totals for Cochise CC

1
1

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

$1,720,000
$1,720,000

$225,000
$225,000

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

General Obligation
Totals for Coconino CC

1
1

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

$2,705,000
$2,705,000

$885,000
$885,000

$21,410,000
$21,410,000

Totals for Eastern Arizona College

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Totals for Gila CC

0
0

$0
$0

$0
$0

$0
$0

$0
$0

7

$651,675,000

$226,965,000

$24,905,000

$399,805,000

4
11

$43,130,000
$694,805,000

$14,125,000
$241,090,000

$3,030,000
$27,935,000

$25,975,000
$425,780,000

Revenue
Totals for Mohave CC

3
3

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

$455,000
$455,000

$320,000
$320,000

$11,355,000
$11,355,000

Certificate of Participation
General Obligation
Totals for Navajo CC

1
1
2

$2,410,000
$9,015,000
$11,425,000

$1,370,000
$1,415,000
$2,785,000

$180,000
$1,445,000
$1,625,000

$860,000
$6,155,000
$7,015,000

General Obligation
Revenue
Totals for Arizona Western
Central Arizona

Cochise CC

Coconino CC

Eastern Arizona College

Gila CC

Maricopa CC
General Obligation
Revenue
Totals for Maricopa CC
Mohave CC

Navajo CC

TABLE 3
COMMUNITY COLLEGE FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
COMMUNITY COLLEGE NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

15% DEBT LIMIT

15% DEBT LIMIT
USED

Pima CC
3
3
6

$139,980,000
$20,600,000
$160,580,000

$59,195,000
$13,840,000
$73,035,000

$9,110,000
$2,465,000
$11,575,000

$71,675,000
$4,295,000
$75,970,000

$843,023,441

$71,675,000

4
1
5

$75,630,000
$2,500,000
$78,130,000

$10,450,000
$1,060,000
$11,510,000

$3,455,000
$145,000
$3,600,000

$61,725,000
$1,295,000
$63,020,000

$267,776,203

$61,725,000

2

$5,410,000

$3,090,000

$405,000

$1,915,000

General Obligation

17

$911,145,000

$302,195,000

$41,315,000

$567,635,000

Revenue

14

$98,960,000

$32,375,000

$14,035,000

$52,550,000

Grand Totals:

33

$1,015,515,000

$337,660,000

$55,755,000

$622,100,000

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

Return to Table of Contents

SCHOOL DISTRICTS
School districts can incur general obligation
debt, which is subject to constitutional debt
limitations. For Class A general obligation
bonds, elementary schools and high schools
have a debt limitation of 15% of ad valorem
valuation; unified school districts have a limit
of 30%.
Class B general obligation bonds are subject
to a lower debt limitation. 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.
Some school districts are also subject to a
restricted debt limitation due to the issuance
of some Capital Appreciation Bonds prior to
March 31, 1996.
There are 220 school districts, 88 of which
had no bonded indebtedness in FY 2004/05.
Six school districts (St. Johns USD and
Ganado USD in Apache County, Parker
USD in La Paz County, Nadaburg ESD and
East Valley Inst of Technology in Maricopa
County, and Hyder ESD in Yuma County)
retired all outstanding debt as of June 30,
2005. The remaining 132 school districts
with outstanding bonded indebtedness had
total general obligation debt of $3.0 billion,
class B general obligation debt of $912.8
million, and certificate of participation debt of
$5.9 million. Within school districts that
have outstanding bonded indebtedness, the
average debt per student was $4,763.
(There are 43 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, 2005.

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

# WITH B.I.
1
9
5
4
2
3
3
46
10
6
10
14
2
9
8

# WITHOUT B.I.
10
13
5
4
5
2
3
10
5
5
6
4
4
14
1

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, 2005.
COUNTY TOTAL
FOR SCHOOL
DISTRICTS:

OUTSTANDING
DEBT

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

$2,886,471,000
$593,730,000
$114,275,000
$76,355,000
$50,280,000
$44,600,000
$39,910,000
$38,410,000
$27,390,000
$13,850,000
$13,560,000
$13,430,000
$6,405,000
$4,455,000
$1,325,000

DEBT PER
STUDENT

$5,395
$4,881
$4,190
$3,360
$2,653
$2,663
$1,224
$3,043
$1,915
$1,535
$3,638
$2,147
$4,307
$8,684
$1,290

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 2004/05 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, 2005. However, the year-end
balances should reflect any July 1, 2005
payments if the payment amount has been
deposited into a dedicated fund for the
payment of the principal.
GENERAL OBLIGATION DEBT
According to the information provided by the
counties on school district debt, there are no
districts that exceed their constitutional debt
limits in FY 2004/05.
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,
twelve districts still 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.
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 44 school
districts that are known to have Class B

bonds with outstanding principal. 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
Apache Junction USD
Arlington ESD
Buckeye UHSD
Catalina Foothills USD
Chandler USD
Colorado River UHSD
Coolidge USD
Deer Valley USD
Dysart USD
Florence USD
Fountain Hill USD
Fowler ESD
Glendale ESD
Glendale UHSD
Higley USD
Kayenta USD
Liberty ESD
Madison ESD
Marana USD
Morenci USD
Paradise Valley USD
Peach Springs USD
Pendergast ESD
Peoria USD
Phoenix UHSD
Prescott USD
Queen Creek USD
Ray USD
Riverside ESD
Saddle Mountain USD
Safford USD
Scottsdale USD
Snowflake USD
Somerton ESD
Stanfield ESD
Tolleson ESD
Tolleson UHSD
Toltec ESD
Tucson USD
Vail USD
Washington ESD
Wickenburg USD
Winslow USD

County
Maricopa
Pinal
Maricopa
Maricopa
Pima
Maricopa
Mohave
Pinal
Maricopa
Maricopa
Pinal
Maricopa
Maricopa
Maricopa
Maricopa
Maricopa
Navajo
Maricopa
Maricopa
Pima
Greenlee
Maricopa
Mohave
Maricopa
Maricopa
Maricopa
Yavapai
Maricopa
Pinal
Maricopa
Maricopa
Graham
Maricopa
Navajo
Yuma
Pinal
Maricopa
Maricopa
Pinal
Pima
Pima
Maricopa
Maricopa
Navajo

Class B Debt
Limit
$28,553,154
$32,750,125
$6,986,726
$17,726,756
$44,094,377
$139,160,604
$19,465,911
$8,467,449
$166,186,120
$66,264,288
$9,084,050
$35,863,453
$7,797,055
$16,082,614
$83,743,229
$19,123,898
$3,543,000
$5,653,015
$46,499,770
$45,430,945
$13,828,643
$246,194,776
$1,301,893
$14,746,500
$113,568,451
$240,896,109
$60,324,484
$13,485,801
$2,509,438
$13,656,321
$82,879,910
$4,961,882
$374,638,735
$6,519,869
$3,619,500
$1,260,462
$5,230,992
$32,944,654
$2,360,800
$249,808,622
$22,891,352
$67,660,615
$9,592,807
$4,062,002

Class B
Outstanding
Principal
$18,815,000
$16,000,000
$2,265,000
$8,350,000
$6,580,000
$67,730,000
$15,000,000
$6,010,000
$92,350,000
$43,315,000
$9,080,000
$7,435,000
$7,795,000
$13,890,000
$49,240,000
$17,600,000
$2,060,000
$5,650,000
$18,000,000
$14,580,000
$2,350,000
$69,960,000
$1,300,000
$12,485,000
$20,000,000
$113,500,000
$3,750,000
$12,285,000
$2,480,000
$11,890,000
$21,645,000
$5,000,000
$100,000,000
$6,200,000
$1,515,000
$1,185,000
$1,500,000
$14,150,000
$1,115,000
$47,000,000
$8,755,000
$31,075,000
$1,885,000
$35,000

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, 2005.
As shown on Table 19, Scottsdale Unified
School District in Maricopa County has the
largest amount of outstanding bonded
indebtedness among all school districts as
of June 30, 2005, at $320.7 million. In terms
of debt per student, however, Scottsdale
Unified School District ranks 6th at $12,714.
The school district with the highest debt per
student is Saddle Mountain Unified School
District in Maricopa County, at $34,087 in
outstanding debt per student.
CERTIFICATES OF PARTICIPATION
Four school districts have reported
certificates of participation (Cartwright ESD,
Gilbert USD, Kyrene ESD and Pendergast
ESD in Maricopa County). The outstanding
balance of this type of debt at the end of

FY2004/05 was $5.89 million, after retiring
$37.5 million.
IMPACT AID REVENUE BONDS
Not included at this time in Tables 4 through
18 are Impact Aid Revenue Bonds. There
are six districts that have issued Impact Aid
Revenue Bonds in the last few years.
Impact Aid Revenues are revenues received
through a federal program designed to
directly reimburse public schools for the loss
of traditional revenue sources due to a
federal presence or activity. These bonds
are not considered general obligation debt of
the school districts but will be listed as
revenue bonds in future reports.

School District
Cedar USD
Ganado USD
Indian Oasis USD
Page USD
Red Mesa USD
Tuba City USD

Return to Table of Contents

County
Navajo
Apache
Pima
Coconino
Apache
Coconino

Impact Aid Revenue
Bond Original
Principal
$4,800,000
$14,545,000
$13,105,000
$15,525,000
$9,110,000
$6,265,000

TABLE 4
APACHE COUNTY SCHOOL DISTRICT FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
SCHOOL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

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

$925,000
$925,000

$525,000
$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

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

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

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

$405,000
$405,000

$1,325,000
$1,325,000

2
2

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

$2,305,000
$2,305,000

$605,000
$605,000

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

6 Concho ESD
Totals for Concho ESD
7 Alpine ESD
Totals for Alpine 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
Totals for Ganado USD
23 McNary ESD
Totals for McNary ESD
24 Chinle USD
Totals for Chinle USD

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

$4,123,633

$1,325,000

TABLE 4
APACHE COUNTY SCHOOL DISTRICT FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
SCHOOL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

27 Red Mesa USD
0
0

$0
$0

$0
$0

$0
$0

$0
$0

General Obligation

4

$7,560,000

$4,700,000

$1,535,000

$1,325,000

Grand Totals:

4

$7,560,000

$4,700,000

$1,535,000

$1,325,000

Totals for Red Mesa USD

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 2005 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
SCHOOL DISTRICT NAME
Bond Type

1

1
1

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

$1,260,000
$1,260,000

$215,000
$215,000

$225,000
$225,000

$9,944,937

$225,000

1
1

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

$1,475,000
$1,475,000

$325,000
$325,000

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

$10,717,326

$3,150,000

1
1

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

$355,000
$355,000

$55,000
$55,000

$890,000
$890,000

1
1

$2,480,000
$2,480,000

$500,000
$500,000

$510,000
$510,000

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

$14,667,675

$1,470,000

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

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

$550,000
$550,000

$125,000
$125,000

$2,050,000
$2,050,000

$5,279,309

$2,050,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

$4,006,159

$890,000

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

22

30% DEBT LIMIT
USED

San Simon USD
Totals for San Simon USD

21

30% DEBT LIMIT

Bowie USD
Totals for Bowie USD

18

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 2005

Valley UHSD
General Obligation
Totals for Valley UHSD

9

PAID THROUGH
6/30/04

Bisbee USD
General Obligation
Totals for Bisbee USD

6

ORIGINAL
PRINCIPAL

Tombstone USD
General Obligation
Totals for Tombstone USD

2

# OF
ISSUES

Pearce ESD
Totals for Pearce ESD

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

TABLE 5
COCHISE COUNTY SCHOOL DISTRICT FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
SCHOOL DISTRICT NAME
Bond Type

23

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

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

$795,000
$795,000

$865,000
$865,000

$4,620,000
$4,620,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$480,000
$480,000

$70,000
$70,000

$200,000
$200,000

$210,000
$210,000

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

$185,000
$185,000

$30,000
$30,000

$100,000
$100,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

$6,297,572

$210,000

$763,185

$100,000

Pomerene ESD
General Obligation
Totals for Pomerene ESD

66

$0
$0

McNeal ESD
Totals for McNeal ESD

64

0
0

Ash Creek ESD
Totals for Ash Creek ESD

55

15% DEBT LIMIT
USED

Palominas ESD
General Obligation
Totals for Palominas ESD

53

15% DEBT LIMIT

Double Adobe ESD
Totals for Double Adobe ESD

49

CURRENT
OUTSTANDING
PRINCIPAL

Apache ESD
Totals for Apache ESD

45

PAID IN FISCAL
YEAR 2005

30% DEBT LIMIT

30% DEBT LIMIT
USED

$15,672,995

$4,620,000

Douglas USD
General Obligation
Totals for Douglas USD

42

PAID THROUGH
6/30/04

Cochise ESD
Totals for Cochise ESD

27

ORIGINAL
PRINCIPAL

Naco ESD
Totals for Naco ESD

26

# OF
ISSUES

Rucker ESD
Totals for Rucker ESD

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

TABLE 5
COCHISE COUNTY SCHOOL DISTRICT FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
SCHOOL DISTRICT NAME
Bond Type

68

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

15% DEBT LIMIT

15% DEBT LIMIT
USED

30% DEBT LIMIT

30% DEBT LIMIT
USED

$75,332,153

$14,675,000

Sierra Vista USD
3
3

$26,985,000
$26,985,000

$9,990,000
$9,990,000

$2,320,000
$2,320,000

$14,675,000
$14,675,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

General Obligation

11

$47,215,000

$15,180,000

$4,645,000

$27,390,000

Grand Totals:

11

$47,215,000

$15,180,000

$4,645,000

$27,390,000

General Obligation
Totals for Sierra Vista USD
81

# OF
ISSUES

Forrest ESD
Totals for Forrest ESD

Return to Table of Contents

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

TABLE 6
COCONINO COUNTY SCHOOL DISTRICT FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
SCHOOL DISTRICT NAME
Bond Type

1

$19,595,000 **

7
7

$81,260,000
$81,260,000

$29,875,000
$29,875,000

$19,615,000
$19,615,000

$31,770,000
$31,770,000

$244,155,982

2
2

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

$1,590,000
$1,590,000

$560,000
$560,000

$1,695,000
$1,695,000

$23,161,379

$1,695,000

1
1

$3,800,000
$3,800,000

$335,000
$335,000

$585,000
$585,000

$2,880,000
$2,880,000

$4,440,848

$2,880,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

2
2

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

$6,350,000
$6,350,000

$3,815,000
$3,815,000

$5,770,000
$5,770,000

$37,860,818

$5,770,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

5
5

$7,660,000
$7,660,000

$4,885,000
$4,885,000

$290,000
$290,000

$2,485,000
$2,485,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Tuba City USD
General Obligation
Totals for Tuba City USD

31

30% DEBT LIMIT
USED

Maine ESD
Totals for Maine ESD

15

30% DEBT LIMIT

Sedona-Oak Creek USD
Totals for Sedona-Oak Creek USD

10

15% DEBT LIMIT
USED

Page USD
General Obligation
Totals for Page USD

9

15% DEBT LIMIT

Fredonia-Moccasin USD
Totals for Fredonia-Moccasin USD

8

CURRENT
OUTSTANDING
PRINCIPAL

Chevlon Butte ESD
Totals for Chevlon Butte ESD

6

PAID IN FISCAL
YEAR 2005

Grand Canyon USD
General Obligation
Totals for Grand Canyon USD

5

PAID THROUGH
6/30/04

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 $12,175,000 in principle outstanding at the end of FY 2004/05.

$4,438,956 *

$2,485,000

TABLE 6
COCONINO COUNTY SCHOOL DISTRICT FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
SCHOOL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

General Obligation

17

$112,500,000

$43,035,000

$24,865,000

$44,600,000

Grand Totals:

17

$112,500,000

$43,035,000

$24,865,000

$44,600,000

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 $12,175,000 in principle outstanding at the end of FY 2004/05.

30% DEBT LIMIT

30% DEBT LIMIT
USED

TABLE 7
GILA COUNTY SCHOOL DISTRICT FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
SCHOOL DISTRICT NAME
Bond Type

1

# OF
ISSUES

$1,365,000
$1,365,000

$485,000
$485,000

$4,110,000
$4,110,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

2
2

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

$8,270,000
$8,270,000

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

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

0
0

$0
$0

$0
$0

$0
$0

$0
$0

30% DEBT LIMIT
USED

$11,829,768

$4,110,000

$66,051,358

$5,925,000

1
1

$295,000
$295,000

$100,000
$100,000

$20,000
$20,000

$175,000
$175,000

$398,531

$175,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

3
3

$12,295,000
$12,295,000

$5,840,000
$5,840,000

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

$3,220,000
$3,220,000

General Obligation

8

$34,025,000

$15,575,000

$5,020,000

$13,430,000

Grand Totals:

8

$34,025,000

$15,575,000

$5,020,000

$13,430,000

San Carlos USD
General Obligation
Totals for San Carlos USD
Tonto Basin ESD
Totals for Tonto Basin ESD
Miami USD
Totals for Miami USD

41

30% DEBT LIMIT

Pine Strawberry ESD
Totals for Pine Strawberry ESD

40

15% DEBT LIMIT
USED

Payson USD
General Obligation

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 2005

2
2

General Obligation

10

PAID THROUGH
6/30/04

Globe USD
Totals for Globe USD

5

ORIGINAL
PRINCIPAL

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

$1,813,782

**

Return to Table of Contents
*Debt limit has been reduced as a result of the use of Capital Appreciation Bonds.
**The Hayden-Winkelman USD has a loan of $3,215,000 from the School Improvement Revenue Bond Debt Fund and is not included in the debt limit.

$95,000

TABLE 8
GRAHAM COUNTY SCHOOL DISTRICT FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATIONS
SCHOOL DISTRICT NAME
Bond Type

1

# OF
ISSUES

30% DEBT LIMIT

30% DEBT LIMIT
USED

$4,970,000
$5,000,000
$9,970,000

$14,885,646

$4,970,000

3
3

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

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

$350,000
$350,000

$3,590,000
$3,590,000

$6,509,992

$3,590,000

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

General Obligation

4

$15,950,000

$6,325,000

$1,065,000

$8,560,000

General Obligation-Class B

1

$5,000,000

$0

$0

$5,000,000

Grand Totals:

5

$20,950,000

$6,325,000

$1,065,000

$13,560,000

Thatcher USD

Solomon ESD

Pima USD

Ft. Thomas USD

Klondyke ESD
Totals for Klondyke ESD

16

15% DEBT LIMIT
USED

$715,000
$0
$715,000

Totals for Ft. Thomas USD
9

15% DEBT LIMIT

$4,280,000
$0
$4,280,000

Totals for Pima USD
7

CURRENT
OUTSTANDING
PRINCIPAL

$9,965,000
$5,000,000
$14,965,000

Totals for Solomon ESD
6

PAID IN FISCAL
YEAR 2005

1
1
2

General Obligation
Totals for Thatcher USD
5

PAID THROUGH
6/30/04

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

4

ORIGINAL
PRINCIPAL

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 2005 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

2

# OF
ISSUES

15% DEBT LIMIT

15% DEBT LIMIT
USED

30% DEBT LIMIT

30% DEBT LIMIT
USED

$510,000
$510,000

$155,000
$155,000

$2,760,000
$2,760,000

$3,747,356

$2,760,000

3
3

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

$1,455,000
$1,455,000

$250,000
$250,000

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

$2,548,915

$1,295,000

1
1
2

$1,500,000
$2,350,000
$3,850,000

$1,240,000
$0
$1,240,000

$260,000
$0
$260,000

$0
$2,350,000
$2,350,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

General Obligation

5

$7,925,000

$3,205,000

$665,000

$4,055,000

General Obligation-Class B

1

$2,350,000

$0

$0

$2,350,000

Grand Totals:

6

$10,275,000

$3,205,000

$665,000

$6,405,000

Clifton USD

Morenci USD

Blue ESD
Totals for Blue ESD

45

CURRENT
OUTSTANDING
PRINCIPAL

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

General Obligation
General Obligation-Class B
Totals for Morenci USD
22

PAID IN FISCAL
YEAR 2005

1
1

General Obligation
Totals for Clifton USD
18

PAID THROUGH
6/30/04

Duncan USD
General Obligation
Totals for Duncan USD

3

ORIGINAL
PRINCIPAL

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 2005 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

4

$120,000
$120,000

$1,370,000
$1,370,000

15% DEBT LIMIT

15% DEBT LIMIT
USED

$7,151,056

$1,370,000

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

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

$800,000
$800,000

$0
$0

1
1

$650,000
$650,000

$290,000
$290,000

$45,000
$45,000

$315,000
$315,000

$2,222,004

$315,000

2
2

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

$745,000
$745,000

$2,655,000
$2,655,000

$2,770,000
$2,770,000

$12,619,941

$2,770,000

General Obligation

6

$13,435,000

$5,360,000

$3,620,000

$4,455,000

Grand Totals:

6

$13,435,000

$5,360,000

$3,620,000

$4,455,000

Wenden ESD

Bouse ESD

Parker USD

Salome ESD
General Obligation
Totals for Salome ESD

76

CURRENT
OUTSTANDING
PRINCIPAL

$2,125,000
$2,125,000

General Obligation
Totals for Parker USD
30

PAID IN FISCAL
YEAR 2005

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

Totals for Bouse ESD
27

PAID THROUGH
6/30/04

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

30% DEBT LIMIT

30% DEBT LIMIT
USED

TABLE 11
MARICOPA COUNTY SCHOOL DISTRICT FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

1

# OF
ISSUES

Totals for Phoenix ESD

Totals for Riverside ESD

$50,805,000

8

$96,560,000

$41,905,000

$3,850,000

$50,805,000

3

$15,000,000

$1,985,000

$1,125,000

$11,890,000

3

$15,000,000

$1,985,000

$1,125,000

$11,890,000

$63,100,000

$15,100,000

$59,700,000

$63,100,000

$15,100,000

$59,700,000

15% DEBT LIMIT

15% DEBT LIMIT
USED

30% DEBT LIMIT

30% DEBT LIMIT
USED

$102,403,098

$50,805,000

$214,170,566 *

$59,700,000

11

$350,635,000

$89,380,000

$75,355,000

$185,900,000

11

$350,635,000

$89,380,000

$75,355,000

$185,900,000

3

$12,830,000

$5,770,000

$955,000

$6,105,000

3

$12,830,000

$5,770,000

$955,000

$6,105,000

General Obligation

9

$231,680,000

$122,180,000

$6,670,000

$102,830,000

General Obligation-Class B

3

$52,360,000

$17,610,000

$3,675,000

$31,075,000

12

$284,040,000

$139,790,000

$10,345,000

$133,905,000

7

$11,845,000

$4,875,000

$1,395,000

$5,575,000

7

$11,845,000

$4,875,000

$1,395,000

$5,575,000

4

$55,220,000

$18,650,000

$10,520,000

$26,050,000

4

$55,220,000

$18,650,000

$10,520,000

$26,050,000

General Obligation

7

$36,705,000

$9,510,000

$7,290,000

$19,905,000

General Obligation-Class B

1

$1,885,000

$0

$0

$1,885,000

8

$38,590,000

$9,510,000

$7,290,000

$21,790,000

Mesa USD
$800,831,201

$185,900,000

$28,778,420

$19,905,000

Isaac ESD
Totals for Isaac ESD

$26,848,628

$6,105,000

$202,981,844

$102,830,000

$20,470,001

$5,575,000

$74,581,972

$26,050,000

Washington ESD

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

$3,850,000

$137,900,000

General Obligation

8

$41,905,000

$137,900,000

Totals for Mesa USD

7

$96,560,000

14

General Obligation

6

8

14

General Obligation

5

CURRENT
OUTSTANDING
PRINCIPAL

Tempe ESD
Totals for Tempe ESD

4

PAID IN FISCAL
YEAR 2005

Riverside ESD
General Obligation-Class B

3

PAID THROUGH
6/30/04

Phoenix ESD
General Obligation

2

ORIGINAL
PRINCIPAL

Wickenburg USD

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 2005 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

11

# OF
ISSUES

$16,657,000

$168,101,000

$0

$0

$20,000,000

$16,657,000

$188,101,000

15% DEBT LIMIT

15% DEBT LIMIT
USED

30% DEBT LIMIT

8

$41,250,000

$23,660,000

$2,385,000

$15,205,000

8

$41,250,000

$23,660,000

$2,385,000

$15,205,000

General Obligation

2

$5,010,000

$95,000

$800,000

$4,115,000

General Obligation-Class B

1

$1,500,000

$0

$0

$1,500,000

3

$6,510,000

$95,000

$800,000

$5,615,000

2

$6,985,000

$1,960,000

$1,175,000

$3,850,000

2

$6,985,000

$1,960,000

$1,175,000

$3,850,000

0

$0

$0

$0

$0

0

$0

$0

$0

$0

General Obligation

2

$3,165,000

$0

$1,695,000

$1,470,000

General Obligation-Class B

1

$5,650,000

$0

$0

$5,650,000

3

$8,815,000

$0

$1,695,000

$7,120,000

Certificate of Participation

1

$15,380,000

$10,030,000

$1,700,000

$3,650,000

General Obligation

5

$69,890,000

$18,870,000

$2,605,000

$48,415,000

6

$85,270,000

$28,900,000

$4,305,000

$52,065,000

4

$29,235,000

$12,020,000

$1,670,000

$15,545,000

4

$29,235,000

$12,020,000

$1,670,000

$15,545,000

$340,286,216 *

Creighton ESD
$56,214,148 *

$15,205,000

Tolleson ESD
$15,692,976

$4,115,000

$16,312,039

$3,850,000

$16,959,044

$1,470,000

Murphy ESD
Totals for Murphy ESD
Gila Bend USD
Totals for Gila Bend USD
Liberty ESD

Totals for Liberty ESD
Kyrene ESD

Totals for Kyrene ESD
31

$181,607,000

$181,607,000

General Obligation

28

$366,365,000
$20,000,000

Totals for Tolleson ESD

25

13

$386,365,000

Totals for Creighton ESD

24

CURRENT
OUTSTANDING
PRINCIPAL

1

General Obligation

21

PAID IN FISCAL
YEAR 2005

14

General Obligation-Class B
Totals for Peoria USD

17

PAID THROUGH
6/30/04

30% DEBT LIMIT
USED

Peoria USD
General Obligation

14

ORIGINAL
PRINCIPAL

$253,861,507 *

$48,415,000

Balsz ESD
General Obligation
Totals for Balsz ESD

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

$47,295,541

$15,545,000

$168,101,000

TABLE 11
MARICOPA COUNTY SCHOOL DISTRICT FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

33

# OF
ISSUES

$2,100,000

$280,000

$1,610,000

3

$3,990,000

$2,100,000

$280,000

$1,610,000

General Obligation

5

$90,790,000

$43,705,000

$3,515,000

$43,570,000

General Obligation-Class B

1

$18,000,000

$0

$0

$18,000,000

6

$108,790,000

$43,705,000

$3,515,000

$61,570,000

General Obligation

5

$39,315,000

$19,265,000

$1,450,000

$18,600,000

General Obligation-Class B

1

$18,390,000

$0

$4,500,000

$13,890,000

6

$57,705,000

$19,265,000

$5,950,000

$32,490,000

Certificate of Participation

1

$64,760,000

$30,510,000

$34,250,000

$0

General Obligation

9

$143,437,000

$54,137,000

$8,725,000

$80,575,000

10

$208,197,000

$84,647,000

$42,975,000

$80,575,000

30% DEBT LIMIT
USED

3

$14,000,000

$1,800,000

$1,000,000

$11,200,000

3

$14,000,000

$1,800,000

$1,000,000

$11,200,000

$11,946,674

$1,610,000

$139,499,311

$43,570,000

$48,247,842

$18,600,000

$368,158,701 *

$80,575,000

Avondale ESD
Totals for Avondale ESD

$31,212,800

$11,200,000

$23,391,165

$4,670,000

Fowler ESD
General Obligation

5

$9,375,000

$3,405,000

$1,300,000

$4,670,000

General Obligation-Class B

2

$7,795,000

$0

$0

$7,795,000

7

$17,170,000

$3,405,000

$1,300,000

$12,465,000

1

$2,265,000

$0

$0

$2,265,000

1

$2,265,000

$0

$0

$2,265,000

16

$555,617,000

$312,012,000

$22,950,000

$220,655,000

1

$100,000,000

$0

$0

$100,000,000

17

$655,617,000

$312,012,000

$22,950,000

$320,655,000

Totals for Fowler ESD
Arlington ESD
General Obligation-Class B
Totals for Arlington ESD
48

30% DEBT LIMIT

Gilbert USD

General Obligation

47

15% DEBT LIMIT
USED

Glendale ESD

Totals for Gilbert USD

45

15% DEBT LIMIT

Madison ESD

Totals for Glendale ESD

44

CURRENT
OUTSTANDING
PRINCIPAL

$3,990,000

Totals for Madison ESD

41

PAID IN FISCAL
YEAR 2005

3

Totals for Buckeye ESD

40

PAID THROUGH
6/30/04

Buckeye ESD
General Obligation

38

ORIGINAL
PRINCIPAL

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

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

$1,123,916,204

$220,655,000

TABLE 11
MARICOPA COUNTY SCHOOL DISTRICT FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

49

# OF
ISSUES

Totals for Laveen ESD

General Obligation-Class B

Totals for Littleton ESD

Totals for Roosevelt ESD

0

$0

$0

$0

$0

0

$0

$0

$0

$0

4

$7,000,000

$3,315,000

$455,000

$3,230,000

4

$7,000,000

$3,315,000

$455,000

$3,230,000

2

$17,800,000

$0

$200,000

$17,600,000

2

$17,800,000

$0

$200,000

$17,600,000

0

$0

$0

$0

$0

0

$0

$0

$0

$0

0

$0

$0

$0

$0

0

$0

$0

$0

$0

2

$1,825,000

$495,000

$20,000

$1,310,000

2

$1,825,000

$495,000

$20,000

$1,310,000

4

$49,100,000

$5,360,000

$19,405,000

$24,335,000

4

$49,100,000

$5,360,000

$19,405,000

$24,335,000

6

$54,805,000

$18,850,000

$490,000

$35,465,000

6

$54,805,000

$18,850,000

$490,000

$35,465,000

20

$461,755,000

$181,280,000

$47,530,000

$232,945,000

5

$96,600,000

$15,000,000

$11,640,000

$69,960,000

25

$558,355,000

$196,280,000

$59,170,000

$302,905,000

$12,142,135

$3,230,000

$19,739,958 *

$1,310,000

$75,832,237

$24,335,000

$58,791,280

$35,465,000

Alhambra ESD
General Obligation
Totals for Alhambra ESD

69

30% DEBT LIMIT
USED

Roosevelt ESD
General Obligation

68

30% DEBT LIMIT

Littleton ESD
General Obligation

66

15% DEBT LIMIT
USED

Aguila ESD
Totals for Aguila ESD

65

15% DEBT LIMIT

Union ESD
Totals for Union ESD

63

CURRENT
OUTSTANDING
PRINCIPAL

Higley USD
Totals for Higley USD

62

PAID IN FISCAL
YEAR 2005

Laveen ESD
General Obligation

60

PAID THROUGH
6/30/04

Palo Verde ESD
Totals for Palo Verde ESD

59

ORIGINAL
PRINCIPAL

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

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

$738,584,327

$232,945,000

TABLE 11
MARICOPA COUNTY SCHOOL DISTRICT FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

71

# OF
ISSUES

General Obligation

$0

$0

0

$0

$0

$0

$0

0

$0

$0

$0

$0

0

$0

$0

$0

$0

8

$30,505,000

$10,935,000

$2,530,000

$17,040,000

8

$30,505,000

$10,935,000

$2,530,000

$17,040,000

13

$181,780,000

$80,410,000

$13,095,000

$88,275,000

$73,950,000

$6,220,000

$0

$67,730,000

$86,630,000

$13,095,000

$156,005,000

15% DEBT LIMIT
USED

30% DEBT LIMIT

30% DEBT LIMIT
USED

$54,446,664

$17,040,000

1

$1,760,000

$1,380,000

$380,000

$0

1

$1,760,000

$1,380,000

$380,000

$0

1

$2,560,000

$1,580,000

$645,000

$335,000

1

$2,560,000

$1,580,000

$645,000

$335,000

0

$0

$0

$0

$0

0

$0

$0

$0

$0

General Obligation

4

$23,295,000

$3,845,000

$1,710,000

$17,740,000

General Obligation-Class B

3

$59,270,000

$0

$15,955,000

$43,315,000

7

$82,565,000

$3,845,000

$17,665,000

$61,055,000

1

$25,000,000

$1,385,000

$1,970,000

$21,645,000

1

$25,000,000

$1,385,000

$1,970,000

$21,645,000

$413,726,798 *

$88,275,000

$198,792,865

$17,740,000

Nadaburg ESD

Cartwright ESD
Certificate of Participation
Totals for Cartwright ESD
Mobile ESD
Totals for Mobile ESD
Dysart USD

Totals for Dysart USD
90

$0

$255,730,000

Totals for Nadaburg ESD

89

$0

2

General Obligation

86

0

15

General Obligation-Class B
Totals for Chandler USD

83

15% DEBT LIMIT

Chandler USD
General Obligation

81

CURRENT
OUTSTANDING
PRINCIPAL

Litchfield ESD
Totals for Litchfield ESD

80

PAID IN FISCAL
YEAR 2005

Morristown ESD
Totals for Morristown ESD

79

PAID THROUGH
6/30/04

Sentinel ESD
Totals for Sentinel ESD

75

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

TABLE 11
MARICOPA COUNTY SCHOOL DISTRICT FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

92

# OF
ISSUES

$4,610,000

$890,000

$1,900,000

$11,645,000

$4,980,000

$820,000

$5,845,000

$13,935,000

$515,000

$935,000

$12,485,000

11

$32,980,000

$10,105,000

$2,645,000

$20,230,000

15% DEBT LIMIT

15% DEBT LIMIT
USED

30% DEBT LIMIT

30% DEBT LIMIT
USED

General Obligation

4

$91,505,000

$53,665,000

$3,390,000

$34,450,000

General Obligation-Class B

1

$24,000,000

$18,500,000

$5,500,000

$0

5

$115,505,000

$72,165,000

$8,890,000

$34,450,000

0

$0

$0

$0

$0

0

$0

$0

$0

$0

General Obligation

4

$25,695,000

$10,205,000

$600,000

$14,890,000

General Obligation-Class B

2

$14,220,000

$780,000

$1,155,000

$12,285,000

6

$39,915,000

$10,985,000

$1,755,000

$27,175,000

13

$282,800,000

$134,145,000

$27,810,000

$120,845,000

4

$102,500,000

$2,850,000

$7,300,000

$92,350,000

17

$385,300,000

$136,995,000

$35,110,000

$213,195,000

General Obligation

7

$36,190,000

$13,855,000

$4,680,000

$17,655,000

General Obligation-Class B

2

$16,000,000

$7,240,000

$1,325,000

$7,435,000

9

$52,190,000

$21,095,000

$6,005,000

$25,090,000

General Obligation

2

$11,210,000

$2,340,000

$1,645,000

$7,225,000

General Obligation-Class B

1

$9,675,000

$0

$1,325,000

$8,350,000

3

$20,885,000

$2,340,000

$2,970,000

$15,575,000

$36,174,790

$5,845,000

Cave Creek USD
$356,533,658

$34,450,000

$40,457,403

$14,890,000

$498,558,360

$120,845,000

$107,590,360

$17,655,000

Paloma ESD

Queen Creek USD

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

Totals for Fountain Hills USD
201

$7,400,000

6

Totals for Queen Creek USD

98

1

4

Totals for Paloma ESD

97

CURRENT
OUTSTANDING
PRINCIPAL

General Obligation

Totals for Cave Creek USD

95

PAID IN FISCAL
YEAR 2005

General Obligation-Class B
Totals for Pendergast ESD

94

PAID THROUGH
6/30/04

Pendergast ESD
Certificate of Participation

93

ORIGINAL
PRINCIPAL

Buckeye UHSD

Totals for Buckeye UHSD

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

$53,180,268

$7,225,000

TABLE 11
MARICOPA COUNTY SCHOOL DISTRICT FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

205

# OF
ISSUES

General Obligation-Class B
Totals for Glendale UHSD

$62,720,000

$2,715,000

$6,500,000

$53,505,000

1

$50,000,000

$0

$760,000

$49,240,000

4

$112,720,000

$2,715,000

$7,260,000

$102,745,000

6

$327,230,000

$175,370,000

$11,720,000

$140,140,000

$115,000,000

$0

$1,500,000

$113,500,000

$442,230,000

$175,370,000

$13,220,000

$253,640,000

15% DEBT LIMIT

15% DEBT LIMIT
USED

$251,229,686

$53,505,000

$722,688,328

$140,140,000

9

$342,590,000

$171,460,000

$17,150,000

$153,980,000

$484,526,665

$153,980,000

9

$342,590,000

$171,460,000

$17,150,000

$153,980,000

11

$55,500,000

$14,770,000

$10,560,000

$30,170,000

$98,833,963

$30,170,000

1

$15,000,000

$0

$850,000

$14,150,000

12

$70,500,000

$14,770,000

$11,410,000

$44,320,000

General Obligation

7

$33,370,000

$7,245,000

$1,845,000

$24,280,000

$85,659,463

$24,280,000

General Obligation-Class B

2

$21,465,000

$1,100,000

$1,550,000

$18,815,000

9

$54,835,000

$8,345,000

$3,395,000

$43,095,000

2

$40,635,000

$34,400,000

$6,235,000

$0

Totals for East Valley Inst. Of Technology

2

$40,635,000

$34,400,000

$6,235,000

$0

Certificate of Participation

4

$90,100,000

$46,730,000

$37,485,000

$5,885,000

281

$4,444,714,000

$1,961,026,000

$365,912,000

$2,117,776,000

49

$897,260,000

$73,185,000

$61,265,000

$762,810,000

334

$5,432,074,000

$2,080,941,000

$464,662,000

$2,886,471,000

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

3

2

General Obligation

216

CURRENT
OUTSTANDING
PRINCIPAL

8

General Obligation-Class B
Totals for Phoenix UHSD

214

PAID IN FISCAL
YEAR 2005

Phoenix UHSD
General Obligation

213

PAID THROUGH
6/30/04

Glendale UHSD
General Obligation

210

ORIGINAL
PRINCIPAL

East Valley Inst. Of Tech
General Obligation

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

30% DEBT LIMIT

30% DEBT LIMIT
USED

TABLE 12
MOHAVE COUNTY SCHOOL DISTRICT FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

1

# OF
ISSUES

General Obligation

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

$27,970,000
$27,970,000

$2,775,000
$2,775,000

$35,810,000
$35,810,000

1
1
2

$5,255,000
$15,000,000
$20,255,000

$2,800,000
$0
$2,800,000

$2,455,000
$0
$2,455,000

$0
$15,000,000
$15,000,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

2
1
3

$2,700,000
$1,300,000
$4,000,000

$2,260,000
$0
$2,260,000

$440,000
$0
$440,000

$0
$1,300,000
$1,300,000

1
1

$625,000
$625,000

$165,000
$165,000

$40,000
$40,000

$420,000
$420,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

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

$692,000
$692,000

$85,000
$85,000

$410,000
$410,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

2
2

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

$325,000
$325,000

$80,000
$80,000

$1,480,000
$1,480,000

$144,545,393

$35,810,000

$1,978,846

$420,000

$3,293,259

$410,000

$3,156,086

$1,480,000

Yucca ESD
Totals for Yucca ESD

14

6
6

Topock ESD
General Obligation
Totals for Topock ESD

13

30% DEBT LIMIT
USED

Fredonia-Moccasin USD
Totals for Fredonia-Moccasin USD

12

30% DEBT LIMIT

Littlefield ESD
General Obligation
Totals for Littlefield ESD

10

15% DEBT LIMIT
USED

Peach Springs USD
General Obligation-Class B
Totals for Peach Springs USD

9

15% DEBT LIMIT

Owens ESD
Totals for Owens ESD

8

CURRENT
OUTSTANDING
PRINCIPAL

Hackberry ESD
Totals for Hackberry ESD

6

PAID IN FISCAL
YEAR 2005

Colorado River UHSD
General Obligation
General Obligation-Class B
Totals for Colorado River UHSD

3

PAID THROUGH
6/30/04

Lake Havasu USD
General Obligation
Totals for Lake Havasu USD

2

ORIGINAL
PRINCIPAL

Colorado City USD
General Obligation
Totals for Colorado City USD

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

TABLE 12
MOHAVE COUNTY SCHOOL DISTRICT FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

15

CURRENT
OUTSTANDING
PRINCIPAL

15% DEBT LIMIT

15% DEBT LIMIT
USED

2
2

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

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

$1,275,000
$1,275,000

$4,730,000
$4,730,000

$32,979,004

$4,730,000

2
2

$22,145,000
$22,145,000

$10,725,000
$10,725,000

$780,000
$780,000

$10,640,000
$10,640,000

$22,125,470

$10,640,000

2
2

$10,425,000
$10,425,000

$3,385,000
$3,385,000

$1,550,000
$1,550,000

$5,490,000
$5,490,000

30% DEBT LIMIT

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

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

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

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

$1,075,000
$1,075,000

20

$137,882,000

$67,347,000

$10,480,000

$60,055,000

2

$16,300,000

$0

$0

$16,300,000

22

$154,182,000

$67,347,000

$10,480,000

$76,355,000

$107,665,199

Valentine ESD
Totals for Valentine ESD

30

PAID IN FISCAL
YEAR 2005

30% DEBT LIMIT
USED

Kingman USD
General Obligation
Totals for Kingman USD

22

PAID THROUGH
6/30/04

Mohave Valley ESD
General Obligation
Totals for Mohave Valley ESD

20

ORIGINAL
PRINCIPAL

Bullhead City ESD
General Obligation
Totals for Bullhead City ESD

16

# OF
ISSUES

Mohave UHSD
General Obligation
Totals for Mohave 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

$53,832,599

$1,075,000

$5,490,000

TABLE 13
NAVAJO COUNTY SCHOOL DISTRICT FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

1

# OF
ISSUES

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

$0
$0
$0

$870,000
$0
$870,000

$6,405,000
$35,000
$6,440,000

$12,186,007

$6,405,000

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

1
1

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

$0
$0

$100,000
$100,000

$6,200,000
$6,200,000

1
1

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

$650,000
$650,000

$450,000
$450,000

$2,050,000
$2,050,000

$18,674,544

$2,050,000

4
4

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

$13,115,000
$13,115,000

$815,000
$815,000

$10,595,000
$10,595,000

$38,142,040

$10,595,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$3,650,000
$3,650,000

$0
$0

$1,590,000
$1,590,000

$2,060,000
$2,060,000

Cedar USD
Totals for Cedar USD

27

2
1
3

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 2005

Joseph City USD
Totals for Joseph City USD

3

PAID THROUGH
6/30/04

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

2

ORIGINAL
PRINCIPAL

Kayenta USD
General Obligation-Class B
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 2005 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

32

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

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

$10,560,000
$10,560,000

$960,000
$960,000

$11,065,000
$11,065,000

General Obligation

9

$57,535,000

$24,325,000

$3,095,000

$30,115,000

General Obligation-Class B

3

$9,985,000

$0

$1,690,000

$8,295,000

12

$67,520,000

$24,325,000

$4,785,000

$38,410,000

General Obligation
Totals for Blue Ridge USD

Grand Totals:

Return to Table of Contents

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

$55,481,803

$11,065,000

TABLE 14
PIMA COUNTY SCHOOL DISTRICT FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

1

# OF
ISSUES

General Obligation

7
1
8

$504,580,000
$47,000,000
$551,580,000

$237,980,028
$0
$237,980,028

$14,439,972
$0
$14,439,972

$252,160,000
$47,000,000
$299,160,000

$749,229,553

6
2
8

$82,040,000
$33,980,000
$116,020,000

$23,010,000
$18,680,000
$41,690,000

$4,940,000
$720,000
$5,660,000

$54,090,000
$14,580,000
$68,670,000

$136,292,836

$54,090,000

3
3

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

$14,300,000
$14,300,000

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

$11,810,000
$11,810,000

$49,361,635

$11,810,000

7
7

$187,325,000
$187,325,000

$75,350,000
$75,350,000

$27,410,000
$27,410,000

$84,565,000
$84,565,000

$311,052,766

$84,565,000

9
9

$99,725,000
$99,725,000

$48,120,000
$48,120,000

$6,205,000
$6,205,000

$45,400,000
$45,400,000

$93,368,213

$45,400,000

3
3

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

$8,840,000
$8,840,000

$840,000
$840,000

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

$40,769,698

$6,170,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

8
1
9

$98,565,000
$6,580,000
$105,145,000

$58,760,000
$0
$58,760,000

$5,995,000
$0
$5,995,000

$33,810,000
$6,580,000
$40,390,000

$132,254,149

2
1
3

$10,800,000
$10,000,000
$20,800,000

$2,720,000
$645,000
$3,365,000

$1,150,000
$600,000
$1,750,000

$6,930,000
$8,755,000
$15,685,000

$68,674,057

*

$252,160,000

Catalina Foothills USD
General Obligation
General Obligation-Class B
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 2005

Marana USD
General Obligation-Class B
Totals for Marana USD

8

PAID THROUGH
6/30/04

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

6

ORIGINAL
PRINCIPAL

*

$33,810,000

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

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

$6,930,000

TABLE 14
PIMA COUNTY SCHOOL DISTRICT FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

30

$41,070,000
$41,070,000

$11,275,000
$11,275,000

$11,175,000
$11,175,000

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

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

3
3

$8,025,000
$8,025,000

$2,020,000
$2,020,000

$2,745,000
$2,745,000

$3,260,000
$3,260,000

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

52

$1,075,115,000

$482,375,028

$75,924,972

$516,815,000

5

$97,560,000

$19,325,000

$1,320,000

$76,915,000

57

$1,172,675,000

$501,700,028

$77,244,972

$593,730,000

Redington ESD
Totals for Redington ESD

51

4
4

Indian Oasis USD
Totals for Indian Oasis USD

44

CURRENT
OUTSTANDING
PRINCIPAL

15% DEBT LIMIT

15% DEBT LIMIT
USED

30% DEBT LIMIT

$29,624,896

Continental ESD
General Obligation
Totals for Continental ESD

40

PAID IN FISCAL
YEAR 2005

Empire ESD
Totals for Empire ESD

39

PAID THROUGH
6/30/04

San Fernando ESD
Totals for San Fernando ESD

37

ORIGINAL
PRINCIPAL

30% DEBT LIMIT
USED

Sahuarita USD
General Obligation
Totals for Sahuarita USD

35

# OF
ISSUES

Altar Valley ESD
Totals for Altar Valley ESD
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.

$29,079,944

$3,260,000

$18,620,000

TABLE 15
PINAL COUNTY SCHOOL DISTRICT FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

1

# OF
ISSUES

$9,080,000
$9,080,000

$0
$0

$0
$0

$9,080,000
$9,080,000

1
1

$700,000
$700,000

$300,000
$300,000

$200,000
$200,000

$200,000
$200,000

1
1

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

$145,000
$145,000

$125,000
$125,000

$2,480,000
$2,480,000

4
4

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

$13,085,000
$13,085,000

$2,100,000
$2,100,000

$13,460,000
$13,460,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

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

$0
$0

$550,000
$550,000

$3,720,000
$3,720,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

2
2

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

$100,000
$100,000

$95,000
$95,000

$2,105,000
$2,105,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

5
5

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

$586,465
$586,465

$600,000
$600,000

$4,260,000
$4,260,000

$17,002,468

$200,000

$36,112,436

$13,460,000

$6,527,660

$3,720,000

$4,719,572

$2,105,000

$13,375,470

$4,260,000

Sacaton ESD
Totals for Sacaton ESD

20

1
1

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 USD

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 2005

Oracle ESD
General Obligation
Totals for Oracle ESD

3

PAID THROUGH
6/30/04

Florence USD
General Obligation-Class B
Totals for Florence USD

2

ORIGINAL
PRINCIPAL

Maricopa USD
General Obligation
Totals for Maricopa USD

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

TABLE 15
PINAL COUNTY SCHOOL DISTRICT FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

21

# OF
ISSUES

$735,000
$6,435,000
$7,170,000

$0
$0
$0

$0
$425,000
$425,000

$735,000
$6,010,000
$6,745,000

1
2
3

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

$1,475,000
$330,000
$1,805,000

$325,000
$175,000
$500,000

$0
$1,115,000
$1,115,000

2
1
3

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

$1,597,000
$0
$1,597,000

$200,000
$0
$200,000

$350,000
$1,185,000
$1,535,000

$3,781,386

$350,000

1
1

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

$480,000
$480,000

$130,000
$130,000

$590,000
$590,000

$1,767,534

$590,000

6
1
7

$59,115,000
$16,000,000
$75,115,000

$20,460,000
$0
$20,460,000

$2,770,000
$0
$2,770,000

$35,885,000
$16,000,000
$51,885,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

2
2

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

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

$1,975,000
$1,975,000

$12,570,000
$12,570,000

$47,446,791

$12,570,000

2
2

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

$1,475,000
$1,475,000

$470,000
$470,000

$4,530,000
$4,530,000

$8,861,807

$4,530,000

28

$128,923,465

$41,103,465

$9,415,000

$78,405,000

8

$37,070,000

$475,000

$725,000

$35,870,000

36

$165,993,465

$41,578,465

$10,140,000

$114,275,000

Casa Grande UHSD
General Obligation
Totals for Casa Grande UHSD

109

1
2
3

Combs ESD
Totals for Combs ESD

102

15% DEBT LIMIT
USED

30% DEBT LIMIT

30% DEBT LIMIT
USED

$25,402,346

$735,000

$98,250,375

$35,885,000

Apache Junction USD
General Obligation
General Obligation-Class B
Totals for Apache Junction USD

44

15% DEBT LIMIT

Picacho ESD
General Obligation
Totals for Picacho ESD

43

CURRENT
OUTSTANDING
PRINCIPAL

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

33

PAID IN FISCAL
YEAR 2005

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

24

PAID THROUGH
6/30/04

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

22

ORIGINAL
PRINCIPAL

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

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

TABLE 16
SANTA CRUZ COUNTY SCHOOL DISTRICT FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

1

$30,000
$30,000

$95,000
$95,000

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

$7,735,000
$7,735,000

$3,720,000
$3,720,000

$13,755,000
$13,755,000

General Obligation

5

$26,790,000

$9,190,000

$3,750,000

$13,850,000

Grand Totals:

5

$26,790,000

$9,190,000

$3,750,000

$13,850,000

$32,344,516 *

$95,000

Patagonia ESD

Patagonia UHSD

Sonoita ESD

Santa Cruz ESD
Totals for Santa Cruz ESD

35

CURRENT
OUTSTANDING
PRINCIPAL

$1,455,000
$1,455,000

Totals for Sonoita ESD
28

PAID IN FISCAL
YEAR 2005

$1,580,000
$1,580,000

Totals for Patagonia UHSD
25

PAID THROUGH
6/30/04

2
2

Totals for Patagonia ESD
20

ORIGINAL
PRINCIPAL

Nogales USD
General Obligation
Totals for Nogales USD

6

# OF
ISSUES

Santa Cruz Valley USD
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

$29,449,077

$13,755,000

TABLE 17
YAVAPAI COUNTY SCHOOL DISTRICT FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

1

# OF
ISSUES

$17,625,000
$3,750,000
$21,375,000

$14,050,000
$0
$14,050,000

$1,560,000
$0
$1,560,000

$2,015,000
$3,750,000
$5,765,000

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

2
2

$5,195,000
$5,195,000

$1,230,000
$1,230,000

$725,000
$725,000

$3,240,000
$3,240,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

3
3

$17,580,000
$17,580,000

$4,225,000
$4,225,000

$6,065,000
$6,065,000

$7,290,000
$7,290,000

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
1
5

Champie ESD
Totals for Champie ESD

15

30% DEBT LIMIT
USED

$180,973,451

$2,015,000

$28,529,395

$95,210,471

$7,290,000

$3,240,000

Sedona-Oak Creek USD
General Obligation
Totals for Sedona-Oak Creek USD

14

30% DEBT LIMIT

Walnut Grove ESD
Totals for Walnut Grove ESD

9

15% DEBT LIMIT
USED

Cottonwood-Oak Creek ES
General Obligation
Totals for Cottonwood-Oak Creek ESD

7

15% DEBT LIMIT

Mingus UHSD
Totals for Mingus UHSD

6

CURRENT
OUTSTANDING
PRINCIPAL

Clarkdale-Jerome ESD
Totals for Clarkdale-Jerome ESD

4

PAID IN FISCAL
YEAR 2005

Williamson Valley ESD
Totals for Williamson Valley ESD

3

PAID THROUGH
6/30/04

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

2

ORIGINAL
PRINCIPAL

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 2005 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

20

1
1

$2,800,000
$2,800,000

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

$400,000
$400,000

$875,000
$875,000

$7,983,329

$875,000

5
5

$37,130,000
$37,130,000

$15,150,000
$15,150,000

$1,820,000
$1,820,000

$20,160,000
$20,160,000

$77,040,659

$20,160,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

2
2

$1,990,000
$1,990,000

$650,000
$650,000

$105,000
$105,000

$1,235,000
$1,235,000

1
1

$3,115,000
$3,115,000

$65,000
$65,000

$585,000
$585,000

$2,465,000
$2,465,000

$17,722,597

$2,465,000

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

$930,000
$930,000

$190,000
$190,000

$630,000
$630,000

$9,433,211

$630,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Crown King ESD
Totals for Crown King ESD

43

30% DEBT LIMIT
USED

$4,027,122

$1,235,000

Seligman USD
General Obligation
Totals for Seligman USD

41

30% DEBT LIMIT

Hillside ESD
Totals for Hillside ESD

40

15% DEBT LIMIT
USED

Ash Fork USD
Totals for Ash Fork USD

35

15% DEBT LIMIT

Camp Verde USD
General Obligation
Totals for Camp Verde USD

31

CURRENT
OUTSTANDING
PRINCIPAL

Beaver Creek ESD
General Obligation
Totals for Beaver Creek ESD

28

PAID IN FISCAL
YEAR 2005

Kirkland ESD
Totals for Kirkland ESD

26

PAID THROUGH
6/30/04

Humboldt USD
General Obligation
Totals for Humboldt USD

23

ORIGINAL
PRINCIPAL

Bagdad USD
General Obligation
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 2005 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

50

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

15% DEBT LIMIT

15% DEBT LIMIT
USED

30% DEBT LIMIT

30% DEBT LIMIT
USED

0
0

$0
$0

$0
$0

$0
$0

$0
$0

4
4

$12,720,000
$12,720,000

$3,175,000
$3,175,000

$925,000
$925,000

$8,620,000
$8,620,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

23

$99,905,000

$41,000,000

$12,375,000

$46,530,000

1

$3,750,000

$0

$0

$3,750,000

24

$103,655,000

$41,000,000

$12,375,000

$50,280,000

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
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

$34,274,507

$8,620,000

TABLE 18
YUMA COUNTY SCHOOL DISTRICT FY 2005 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

1

# OF
ISSUES

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

$1,905,000
$1,905,000

$22,190,000
$22,190,000

$65,081,139

$22,190,000

3
1
4

$1,150,000
$1,975,000
$3,125,000

$265,000
$195,000
$460,000

$270,000
$265,000
$535,000

$615,000
$1,515,000
$2,130,000

$4,208,015

$615,000

4
4

$12,655,000
$12,655,000

$300,000
$300,000

$4,545,000
$4,545,000

$7,810,000
$7,810,000

$19,165,705

$7,810,000

1
1

$400,000
$400,000

$304,062
$304,062

$95,938
$95,938

$0
$0

1
1

$2,050,000
$2,050,000

$460,000
$460,000

$175,000
$175,000

$1,415,000
$1,415,000

$2,576,376

$1,415,000

1
1

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

$580,000
$580,000

$80,000
$80,000

$740,000
$740,000

$2,357,615

$740,000

6
6

$1,920,000
$1,920,000

$900,000
$900,000

$35,000
$35,000

$985,000
$985,000

$5,451,565 *

$985,000

1
1

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

$1,660,000
$1,660,000

$260,000
$260,000

$280,000
$280,000

$6,388,295

$280,000

3
3

$14,595,000
$14,595,000

$5,905,000
$5,905,000

$4,330,000
$4,330,000

$4,360,000
$4,360,000

$95,419,809

$4,360,000

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 2005

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

13

PAID THROUGH
6/30/04

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 2005 BONDED INDEBTEDNESS AND DEBT LIMITATION
SCHOOL DISTRICT NAME
Bond Type

General Obligation
General Obligation-Class B
Grand Totals:

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

24

$82,385,000

$32,390,000

$11,600,000

$38,395,000

2

$2,375,000

$499,062

$360,938

$1,515,000

26

$84,760,000

$32,889,062

$11,960,938

$39,910,000

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, 2005, BY SCHOOL DISTRICT
SCHOOL
DISTRICT
Scottsdale USD
Paradise Valley USD
Tucson USD
Phoenix UHSD
Deer Valley USD
Peoria USD
Mesa USD
Chandler USD
Tempe UHSD
Washington ESD
Glendale UHSD
Amphitheater USD
Gilbert USD
Marana USD
Madison ESD
Dysart USD
Tempe ESD
Kyrene ESD
Apache Junction USD
Phoenix ESD
Sunnyside USD
Tolleson UHSD
Agua Fria UHSD
Catalina Foothills USD
Lake Havasu USD
Alhambra ESD
Cave Creek USD
Glendale ESD
Flagstaff USD
Queen Creek USD
Osborn ESD
Fountain Hills USD
Roosevelt ESD
Yuma ESD
Wickenburg USD
Saddle Mountain USD
Pendergast ESD
Humboldt USD
Sahuarita USD
Higley USD
Litchfield ESD
Vail USD
Buckeye UHSD
Balsz ESD
Creighton ESD
Colorado River UHSD
Sierra Vista USD
Santa Cruz Valley USD
Casa Grande ESD
Casa Grande UHSD
Fowler ESD

COUNTY
Maricopa
Maricopa
Pima
Maricopa
Maricopa
Maricopa
Maricopa
Maricopa
Maricopa
Maricopa
Maricopa
Pima
Maricopa
Pima
Maricopa
Maricopa
Maricopa
Maricopa
Pinal
Maricopa
Pima
Maricopa
Maricopa
Pima
Mohave
Maricopa
Maricopa
Maricopa
Coconino
Maricopa
Maricopa
Maricopa
Maricopa
Yuma
Maricopa
Maricopa
Maricopa
Yavapai
Pima
Maricopa
Maricopa
Pima
Maricopa
Maricopa
Maricopa
Mohave
Cochise
Santa Cruz
Pinal
Pinal
Maricopa

OUTSTANDING BONDED DEBT PER
DEBT PER
INDEBTEDNESS
STUDENT STUDENT RANK
$320,655,000
$12,714
6
$302,905,000
$9,087
16
$299,160,000
$5,235
41
$253,640,000
$10,676
11
$213,195,000
$6,689
29
$188,101,000
$5,310
39
$185,900,000
$2,656
78
$156,005,000
$5,589
36
$153,980,000
$11,826
8
$133,905,000
$5,865
34
$102,745,000
$7,145
23
$84,565,000
$5,336
38
$80,575,000
$2,301
90
$68,670,000
$5,557
37
$61,570,000
$12,408
7
$61,055,000
$4,536
48
$59,700,000
$4,702
46
$52,065,000
$2,985
69
$51,885,000
$9,437
15
$50,805,000
$6,686
30
$45,400,000
$2,954
71
$44,320,000
$7,044
25
$43,095,000
$10,435
12
$40,390,000
$8,273
19
$35,810,000
$5,723
35
$35,465,000
$2,553
83
$34,450,000
$6,795
27
$32,490,000
$2,578
82
$31,770,000
$2,964
70
$27,175,000
$10,031
13
$26,050,000
$7,411
20
$25,090,000
$11,186
10
$24,335,000
$2,100
94
$22,190,000
$2,258
92
$21,790,000
$19,421
3
$21,645,000
$34,087
1
$20,230,000
$2,058
99
$20,160,000
$3,682
62
$18,620,000
$6,608
31
$17,600,000
$2,870
73
$17,040,000
$7,056
24
$15,685,000
$2,512
84
$15,575,000
$8,760
17
$15,545,000
$4,744
44
$15,205,000
$1,961
102
$15,000,000
$6,708
28
$14,675,000
$2,434
86
$13,755,000
$4,284
55
$13,460,000
$2,381
88
$12,570,000
$4,462
50
$12,465,000
$3,546
63

TABLE 19
OUTSTANDING BONDED INDEBTEDNESS AS OF JUNE 30, 2005, BY SCHOOL DISTRICT
SCHOOL
DISTRICT
Riverside ESD
Flowing Wells USD
Avondale ESD
Blue Ridge USD
Mohave Valley ESD
Show Low USD
Safford USD
Florence USD
Chino Valley USD
Crane ESD
Sedona-Oak Creek USD
Liberty ESD
Coolidge USD
Winslow USD
Snowflake USD
Tanque Verde USD
Isaac ESD
Payson USD
Page USD
Prescott USD
Tolleson ESD
Wilson ESD
Kingman USD
Bullhead City ESD
Douglas USD
Santa Cruz Valley UHSD
Yuma UHSD
Maricopa USD
Globe USD
Murphy ESD
Mammoth-San Manuel USD
Thatcher USD
Continental ESD
Cottonwood-Oak Creek ESD
Laveen ESD
Hayden-Winkelman USD
Bisbee USD
Grand Canyon USD
Bicentennial UHSD
Duncan USD
Tuba City USD
Ray USD
Camp Verde USD
Morenci USD
Arlington ESD
Somerton ESD
Superior USD
Kayenta USD
St David USD
Heber-Overgaard USD
Williams USD

COUNTY
Maricopa
Pima
Maricopa
Navajo
Mohave
Navajo
Graham
Pinal
Yavapai
Yuma
Yavapai
Maricopa
Pinal
Navajo
Navajo
Pima
Maricopa
Gila
Coconino
Yavapai
Maricopa
Maricopa
Mohave
Mohave
Cochise
Pinal
Yuma
Pinal
Gila
Maricopa
Pinal
Graham
Pima
Yavapai
Maricopa
Gila
Cochise
Coconino
La Paz
Greenlee
Coconino
Pinal
Yavapai
Greenlee
Maricopa
Yuma
Pinal
Navajo
Cochise
Navajo
Coconino

OUTSTANDING BONDED DEBT PER
DEBT PER
INDEBTEDNESS
STUDENT STUDENT RANK
$11,890,000
$18,695
4
$11,810,000
$2,163
93
$11,200,000
$2,291
91
$11,065,000
$4,312
54
$10,640,000
$6,073
32
$10,595,000
$4,444
51
$9,970,000
$3,781
60
$9,080,000
$2,773
76
$8,620,000
$3,317
64
$7,810,000
$1,357
107
$7,290,000
$5,241
40
$7,120,000
$2,948
72
$6,745,000
$2,067
98
$6,440,000
$2,708
77
$6,200,000
$2,582
81
$6,170,000
$4,881
43
$6,105,000
$771
122
$5,925,000
$2,312
89
$5,770,000
$2,074
97
$5,765,000
$1,147
112
$5,615,000
$2,503
85
$5,575,000
$4,464
49
$5,490,000
$776
121
$4,730,000
$1,276
110
$4,620,000
$1,196
111
$4,530,000
$8,436
18
$4,360,000
$466
124
$4,260,000
$2,654
79
$4,110,000
$2,037
101
$3,850,000
$1,611
105
$3,720,000
$3,129
67
$3,590,000
$3,294
65
$3,260,000
$12,885
5
$3,240,000
$1,354
108
$3,230,000
$1,546
106
$3,220,000
$7,368
21
$3,150,000
$3,772
61
$2,880,000
$9,443
14
$2,770,000
$22,893
2
$2,760,000
$6,935
26
$2,485,000
$1,106
113
$2,480,000
$4,133
56
$2,465,000
$1,831
103
$2,350,000
$2,588
80
$2,265,000
$11,439
9
$2,130,000
$883
118
$2,105,000
$4,103
57
$2,060,000
$872
119
$2,050,000
$4,713
45
$2,050,000
$3,861
59
$1,695,000
$2,425
87

TABLE 19
OUTSTANDING BONDED INDEBTEDNESS AS OF JUNE 30, 2005, BY SCHOOL DISTRICT
SCHOOL
DISTRICT
Buckeye ESD
Stanfield ESD
Colorado City USD
Benson USD
Mohawk Valley ESD
Quartzsite ESD
Sanders USD
Littleton ESD
Peach Springs USD
Clifton USD
Beaver Creek ESD
Toltec ESD
Mohave UHSD
Gadsden ESD
Valley UHSD
Bagdad USD
Wellton ESD
Seligman USD
Picacho ESD
Littlefield ESD
Topock ESD
Cartwright ESD
Salome ESD
Antelope UHSD
Tombstone USD
Palominas ESD
Oracle ESD
San Carlos USD
Pomerene ESD

COUNTY
Maricopa
Pinal
Mohave
Cochise
Yuma
La Paz
Apache
Maricopa
Mohave
Greenlee
Yavapai
Pinal
Mohave
Yuma
Cochise
Yavapai
Yuma
Yavapai
Pinal
Mohave
Mohave
Maricopa
La Paz
Yuma
Cochise
Cochise
Pinal
Gila
Cochise

OUTSTANDING BONDED DEBT PER
DEBT PER
INDEBTEDNESS
STUDENT STUDENT RANK
$1,610,000
$942
117
$1,535,000
$2,088
95
$1,480,000
$4,379
52
$1,470,000
$1,628
104
$1,415,000
$6,073
33
$1,370,000
$4,660
47
$1,325,000
$1,290
109
$1,310,000
$415
125
$1,300,000
$2,047
100
$1,295,000
$7,155
22
$1,235,000
$4,318
53
$1,115,000
$1,078
114
$1,075,000
$140
130
$985,000
$228
127
$890,000
$5,115
42
$875,000
$3,103
68
$740,000
$2,079
96
$630,000
$4,013
58
$590,000
$2,837
74
$420,000
$966
115
$410,000
$2,808
75
$335,000
$18
131
$315,000
$3,214
66
$280,000
$807
120
$225,000
$250
126
$210,000
$198
128
$200,000
$575
123
$175,000
$141
129
$100,000
$943
116

Return to Table of Contents

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 523
known special districts, reports have been
received on the presence or absence of
bonded indebtedness for 459 special
districts.
The following table shows the outstanding
debt at the end of FY05 and the outstanding
debt at the end of FY04 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
MAR
MOH
NAV
PIM
PIN
SC
YAV
YUM

FY05
$1.3
$1.9
$25.9
$0.2
$0.0
$0.0
$0.9
$466.6
$39.4
$15.5
$199.0
$95.5
$0.0
$80.8
$19.5

FY04
$1.5
$2.2
$29.3
$0.2
$0.0
$0.0
$3.4
$435.5
$28.8
$17.4
$187.8
$58.8
$0.0
$61.6
$22.4

# 05
4
1
17
2
0
0
2
47
9
22
15
15
0
18
6

# 04
4
1
13
2
0
0
3
43
9
20
11
10
0
16
6

The total outstanding debt for the 158
special districts reporting debt as of June 30,
2005 was $946.5 million. (Do not try to
compare this number with the $848.9 million
reported last year.
Some districts that
reported last year did not report this year
and vice versa.) The remaining 301 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, 2005.
However, the year-end balances should
reflect any July 1, 2005 payments if the
amount has been deposited into a dedicated
fund for the payment of the principal.

Return to Table of Contents

TABLE 20
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN APACHE COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

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

$61,000
$61,000

$7,000
$7,000

$20,000
$20,000

1
1

$690,000
$690,000

$80,000
$80,000

$45,000
$45,000

$565,000
$565,000

1
1

$575,000
$575,000

$190,000
$190,000

$55,000
$55,000

$330,000
$330,000

1
1

$1,167,000
$1,167,000

$677,000
$677,000

$75,000
$75,000

$415,000
$415,000

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
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
White Mountain Communities Special Health Care Dis
Totals for White Mountain Communities Special Hea

TABLE 20
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN APACHE COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

General Obligation

1

$690,000

$80,000

$45,000

$565,000

Special Assessment

3

$1,830,000

$928,000

$137,000

$765,000

Grand Totals:

4

$2,520,000

$1,008,000

$182,000

$1,330,000

Return to Table of Contents

TABLE 21
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN COCHISE COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

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

$1,605,000
$1,605,000

$265,000
$265,000

$1,900,000
$1,900,000

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 Light District
Totals for Bowie Light District
Carmel Light District
Totals for Carmel Light District
Cochise County Flood Control District
Totals for Cochise County Flood Control District
Cochise County Library District
Totals for Cochise County Library District
Elfrida Fire District
Totals for Elfrida Fire District
Fry Fire District
Totals for Fry 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 2005 BONDED INDEBTEDNESS IN COCHISE COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

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

General Obligation

1

$3,770,000

$1,605,000

$265,000

$1,900,000

Grand Totals:

1

$3,770,000

$1,605,000

$265,000

$1,900,000

Totals for Pomerene Domestic Water Improveme
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
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 2005 BONDED INDEBTEDNESS IN COCONINO COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

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

$19,825
$19,825

$55,929
$55,929

$155,460
$155,460

0
0

$0
$0

$0
$0

$0
$0

$0
$0

2
2

$24,760,000
$24,760,000

$6,790,000
$6,790,000

$3,600,000
$3,600,000

$14,370,000
$14,370,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$720,000
$720,000

$235,000
$235,000

$70,000
$70,000

$415,000
$415,000

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

1
1

$1,130,000
$1,130,000

$1,020,000
$1,020,000

$110,000
$110,000

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

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 Ranch Fire District
Totals for Flagstaff Ranch Fire District
Flagstaff Special Districts
Special Assessment
Totals for Flagstaff Special Districts
Forest Lakes Domestic Water Improvement District
Totals for Forest Lakes Domestic Water Improve
Forest Lakes Fire District
Totals for Forest Lakes Fire District
Fort Valley Fire District
Totals for Fort Valley Fire District
Highlands Fire District
Totals for Highlands 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
Kaibab Estates West Fire District
Totals for Kaibab Estates West Fire District

TABLE 22
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN COCONINO COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

Kiowa-Comanche County Improvement District
1
1

$287,581
$287,581

$0
$0

$0
$0

$287,581
$287,581

1
1

$63,800
$63,800

$22,400
$22,400

$16,200
$16,200

$25,200
$25,200

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

$285,000
$285,000

$660,000
$660,000

1
1

$167,600
$167,600

$0
$0

$18,300
$18,300

$149,300
$149,300

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$212,597
$212,597

$0
$0

$0
$0

$212,597
$212,597

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

$2,130,000
$2,130,000

$2,400
$2,400

$3,617,600
$3,617,600

Special Assessment

1
1

$174,674
$174,674

$0
$0

$0
$0

$174,674
$174,674

Special Assessment

1
1

$382,917
$382,917

$0
$0

$0
$0

$382,917
$382,917

Special Assessment
Totals for Rodeo Drive Improvement District

1
1

$39,500
$39,500

$21,144
$21,144

$1,212
$1,212

$17,144
$17,144

Special Assessment
Totals for Kiowa-Comanche County Improvemen
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 District
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
Pawnee County Improvement District
Special Assessment
Totals for Pawnee County Improvement 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
Totals for Pinon County
Rio-Arroyo
Totals for Rio-Arroyo
Rodeo Drive Improvement District

TABLE 22
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN COCONINO COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

Rudd Tank
Special Assessment
Totals for Rudd Tank

1
1

$185,000
$185,000

$125,000
$125,000

$20,000
$20,000

$40,000
$40,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$59,050
$59,050

$0
$0

$0
$0

$59,050
$59,050

1
1

$4,500,000
$4,500,000

$1,356,118
$1,356,118

$445,371
$445,371

$2,698,511
$2,698,511

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$2,590,000
$2,590,000

$0
$0

$2,400
$2,400

$2,587,600
$2,587,600

1
1

$73,911
$73,911

$0
$0

$0
$0

$73,911
$73,911

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Sherwood Forest Estates Fire District
Totals for Sherwood Forest Estates Fire District
Shoshone County Improvement District
Special Assessment
Totals for Shoshone County Improvement Distri
South Grand Canyon Sanitary District
Revenue
Totals for South Grand Canyon Sanitary District
Summit Fire District
Totals for Summit Fire District
Toho Tolani
Special Assessment
Totals for Toho Tolani
Tonowanda County Improvement District
Special Assessment
Totals for Tonowanda County Improvement Dist
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

3

$29,260,000

$8,146,118

$4,045,371

$17,068,511

Special Assessment

16

$13,217,844

$3,778,369

$581,441

$8,858,034

Grand Totals:

19

$42,477,844

$11,924,487

$4,626,812

$25,926,545

Return to Table of Contents

TABLE 23
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN GILA COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

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

$2,000
$2,000

$198,000
$198,000

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

$183,300
$183,300

$145,762
$145,762

$8,400
$8,400

$29,138
$29,138

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Canyon Fire District
Totals for Canyon Fire District
Canyon Water District
Revenue
Totals for Canyon Water District
Christopher-Kohls Fire District
Totals for Christopher-Kohls Fire District
Gila County Library District
Totals for Gila County Library District
Gisela Valley Fire District
Totals for Gisela Valley Fire District
Houston Mesa Fire District
Totals for Houston Mesa Fire District
Mesa Del Sanitary District
Totals for Mesa Del Sanitary District
Northern Gila County Sanitary District
Totals for Northern Gila County Sanitary District
Payson North Sanitary District
Totals for Payson North 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
Rim Trail #2
Totals for Rim Trail #2
Round Valley Oxbow Fire District
Totals for Round Valley Oxbow Fire District
Tri-City Fire District
Totals for Tri-City Fire District

TABLE 23
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN GILA COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

Whispering Pines Fire District
0
0

$0
$0

$0
$0

$0
$0

$0
$0

Revenue

1

$200,000

$0

$2,000

$198,000

Special Assessment

1

$183,300

$145,762

$8,400

$29,138

Grand Totals:

2

$383,300

$145,762

$10,400

$227,138

Totals for Whispering Pines Fire District

Return to Table of Contents

TABLE 24
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN GRAHAM COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

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

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
Pima Rural Fire District
Totals for Pima Rural Fire District
Safford Rural Fire District
Totals for Safford Rural Fire District

Return to Table of Contents

TABLE 25
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN GREENLEE COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

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 2005 BONDED INDEBTEDNESS IN LA PAZ COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

Buckskin 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

$1,330,000
$1,330,000

$235,000
$235,000

$230,000
$230,000

$865,000
$865,000

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

$167,000
$167,000

$142,000
$142,000

$10,000
$10,000

$15,000
$15,000

Certificate of Participation

1

$1,330,000

$235,000

$230,000

$865,000

Special Assessment

1

$167,000

$142,000

$10,000

$15,000

Grand Totals:

2

$1,497,000

$377,000

$240,000

$880,000

Totals for Buckskin Fire District
Cibola Valley Irrigation District
Totals for Cibola Valley Irrigation 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 Fire District
Totals for McMullen Valley Fire 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 2005 BONDED INDEBTEDNESS IN MARICOPA COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

#K100 Marquerite Drive
Special Assessment
Totals for #K100 Marquerite Drive

1
1

$60,670
$60,670

$21,056
$21,056

$13,561
$13,561

$26,053
$26,053

1
1

$60,059
$60,059

$0
$0

$6,006
$6,006

$54,053
$54,053

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$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

$254,028
$254,028

$20,860
$20,860

$0
$0

1
1

$301,960
$301,960

$225,363
$225,363

$20,345
$20,345

$56,252
$56,252

#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 2005 BONDED INDEBTEDNESS IN MARICOPA COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

#K92 Fairview Lane
Special Assessment
Totals for #K92 Fairview Lane

1
1

$59,379
$59,379

$53,224
$53,224

$1,073
$1,073

$5,082
$5,082

1
1

$60,657
$60,657

$49,902
$49,902

$3,505
$3,505

$7,250
$7,250

1
1

$185,810
$185,810

$152,718
$152,718

$8,898
$8,898

$24,194
$24,194

1
1

$83,236
$83,236

$65,308
$65,308

$3,842
$3,842

$14,086
$14,086

1
1

$301,905
$301,905

$226,629
$226,629

$29,069
$29,069

$46,207
$46,207

1
1

$14,004
$14,004

$11,238
$11,238

$486
$486

$2,280
$2,280

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$50,000
$50,000

$0
$0

$0
$0

$50,000
$50,000

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

$710,913
$710,913

$106,900
$106,900

$3,553,187
$3,553,187

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$369,787
$369,787

$335,913
$335,913

$33,874
$33,874

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$3,112,494
$3,112,494

$1,592,294
$1,592,294

$1,520,200
$1,520,200

$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 Distr
Agua Fria Ranch Community Facilities District
General Obligation
Totals for Agua Fria Ranch Community Facilities
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

TABLE 27
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN MARICOPA COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

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
1

$2,400,000
$2,400,000

$0
$0

$0
$0

$2,400,000
$2,400,000

1

$105,000

$15,309

$8,385

$81,306

1
2

$306,000
$411,000

$0
$15,309

$10,479
$18,864

$295,521
$376,827

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

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

$0
$0

$0
$0

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

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

$470,000

$330,000

$14,450,000

1
3

$4,750,000
$20,000,000

$0
$470,000

$155,000
$485,000

$4,595,000
$19,045,000

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

$17,100
$400,000
$417,100

$3,300
$478,000
$481,300

$179,600
$12,160,000
$12,339,600

Buckeye Water Conservation & Drainage District
Totals for Buckeye Water Conservation & Draina
Centerra Community Facilities District
General Obligation
Totals for Centerra Community Facilities District
Chandler Heights Citrus Irrigation District
General Obligation
Special Assessment
Totals for Chandler Heights Citrus Irrigation Dist
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
Cortina Community Facilities District
General Obligation
Totals for Cortina Community Facilities District
Cottonflower Community Facilities District
General Obligation
Totals for Cottonflower Community Facilities Dis
Daisy Mountain Fire District
Totals for Daisy Mountain Fire District
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 F

TABLE 27
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN MARICOPA COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

Fountain Hills Road District
Totals for Fountain Hills Road District

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$5,785,000
$5,785,000

$3,165,000
$3,165,000

$2,620,000
$2,620,000

$0
$0

5

$13,900,000

$160,000

$75,000

$13,665,000

2
7

$9,620,000
$23,520,000

$4,504,000
$4,664,000

$1,042,000
$1,117,000

$4,074,000
$17,739,000

6
6

$32,035,000
$32,035,000

$270,000
$270,000

$1,590,000
$1,590,000

$30,175,000
$30,175,000

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

1
1

$58,225,000
$58,225,000

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

$2,490,000
$2,490,000

$52,735,000
$52,735,000

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

$2,840,000
$2,840,000

$600,000
$600,000

$16,805,000
$16,805,000

Fountain Hills Sanitary Dist.
Special Assessment
Totals for Fountain Hills Sanitary Dist.
Goodyear Community Facilities General
General Obligation
Special Assessment
Totals for Goodyear Community Facilities Gener
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 Fire District
Totals for Harquahala Valley Fire District
Harquahala Valley Power District
Totals for Harquahala Valley Power District
Hospital District No. 1
General Obligation
Totals for Hospital District No. 1
Laveen Fire District
Totals for Laveen Fire District
Madison Park Irrigation Water Delivery District
Totals for Madison Park Irrigation Water Delivery
Maricopa County Municipal Water Conservation Distr
Totals for Maricopa County Municipal Water Con
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

TABLE 27
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN MARICOPA COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

McMicken Irrigation District
Totals for McMicken Irrigation District

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$4,435,000
$4,435,000

$410,000
$410,000

$220,000
$220,000

$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

1
1

$5,015,000
$5,015,000

$1,940,000
$1,940,000

$255,000
$255,000

$2,820,000
$2,820,000

1
1

$5,610,000
$5,610,000

$2,040,000
$2,040,000

$290,000
$290,000

$3,280,000
$3,280,000

1
1

$2,575,000
$2,575,000

$2,370,000
$2,370,000

$0
$0

$205,000
$205,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$832,000
$832,000

$724,000
$724,000

$108,000
$108,000

$0
$0

1
1

$2,270,000
$2,270,000

$510,655
$510,655

$209,599
$209,599

$1,549,746
$1,549,746

1
1

$2,285,000
$2,285,000

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

$125,000
$125,000

$1,115,000
$1,115,000

1
1

$2,125,000
$2,125,000

$1,460,000
$1,460,000

$175,000
$175,000

$490,000
$490,000

1
1

$3,800,000
$3,800,000

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

$200,000
$200,000

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

1
1

$493,000
$493,000

$91,656
$91,656

$144,537
$144,537

$256,807
$256,807

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Miller Road Improvement District
Special Assessment
Totals for Miller Road Improvement District
Myrtle Park Irrigation Water Delivery District
Totals for Myrtle Park Irrigation Water Delivery D
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 Irrigation

TABLE 27
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN MARICOPA COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

Rancho Jardines Irrigation Water Delivery District
Totals for Rancho Jardines Irrigation Water Deli

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$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

$490,000
$490,000

$285,000
$285,000

$4,600,000
$4,600,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$100,000,000
$100,000,000

$0
$0

$0
$0

$100,000,000
$100,000,000

4
4

$25,525,000
$25,525,000

$0
$0

$0
$0

$25,525,000
$25,525,000

1
1

$7,705,000
$7,705,000

$2,025,000
$2,025,000

$365,000
$365,000

$5,315,000
$5,315,000

6
6

$31,840,000
$31,840,000

$10,710,000
$10,710,000

$1,785,000
$1,785,000

$19,345,000
$19,345,000

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

Rio Verde Fire District
Totals for Rio Verde Fire District
Roosevelt Irrigation District
Totals for Roosevelt Irrigation District
Roosevelt Water Conservation District
Totals for Roosevelt Water Conservation District
San Tan Irrigitation District
Totals for San Tan Irrigitation District
Scottsdale Mountain Comm Fac Dist
General Obligation
Totals for Scottsdale Mountain Comm Fac Dist
Sun City Fire District
Totals for Sun City Fire District
Sun City West Fire District
Totals for Sun City West Fire District
Sun Health/Capital Improvement
Revenue
Totals for Sun Health/Capital Improvement
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
Tonopah Fire District
Totals for Tonopah Fire District
Tonopah Irrigation District
Totals for Tonopah Irrigation District

TABLE 27
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN MARICOPA COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

Tres Palmas Irrigation Water Delivery District
Totals for Tres Palmas Irrigation Water Delivery

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

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

$0
$0

$0
$0

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

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

$95,000
$95,000

$100,000
$100,000

$3,030,000
$3,030,000

2
2

$44,800,000
$44,800,000

$0
$0

$725,000
$725,000

$44,075,000
$44,075,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$3,800,000
$3,800,000

$0
$0

$0
$0

$3,800,000
$3,800,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

3

$2,240,000

$110,000

$55,000

$2,075,000

1
4

$650,000
$2,890,000

$60,000
$170,000

$15,000
$70,000

$575,000
$2,650,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

34

$167,417,281

$21,280,616

$3,900,759

$142,235,906

Turney Tract Irrigation Water Delivery District
Totals for Turney Tract Irrigation Water Delivery
Verrada Community Facilities District
Special Assessment
Totals for Verrada Community Facilities District
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
Vistancia Community Facilities District
Special Assessment
Totals for Vistancia Community Facilities Distric
Western Meadows Irrigation District
Totals for Western Meadows Irrigation District
Westpark Community Facilities District
Special Assessment
Totals for Westpark Community Facilities Distric
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 Facilitie
Woodlea Irrigation Water Delivery District
Totals for Woodlea Irrigation Water Delivery Dist
Woolsey Flood Protection District
Totals for Woolsey Flood Protection District
General Obligation
Revenue

4

$163,246,000

$3,770,913

$2,611,900

$156,863,187

Special Assessment

44

$214,481,568

$37,274,777

$9,715,260

$167,491,531

Grand Totals:

82

$545,144,849

$62,326,306

$16,227,919

$466,590,624

Return to Table of Contents

TABLE 28
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN MOHAVE COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

Beaver Dam/Littlefield Fire District
Totals for Beaver Dam/Littlefield 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

2
2

$34,515,831
$34,515,831

$9,161,589
$9,161,589

$910,500
$910,500

$24,443,742
$24,443,742

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$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

$941,000
$941,000

$230,000
$230,000

$360,000
$360,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Bullhead City Fire District
Totals for Bullhead City Fire District
Bullhead City Pest Abatement District
Totals for Bullhead City Pest Abatement District
Bullhead City Sewer Improvement District
Special Assessment
Totals for Bullhead City Sewer Improvement Dist
Butler Road Improvement I & II
Totals for Butler Road Improvement I & II
Cerbat Ranch
Totals for Cerbat Ranch
Colorado City Fire District
Totals for Colorado City Fire District
Crystal Beach Water Conservation District
Totals for Crystal Beach Water Conservation Dis
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 Di
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 2005 BONDED INDEBTEDNESS IN MOHAVE COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

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

$257,000
$257,000

$65,000
$65,000

$325,000
$325,000

1
1

$11,820,000
$11,820,000

$1,415,000
$1,415,000

$750,000
$750,000

$9,655,000
$9,655,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$891,000
$891,000

$116,000
$116,000

$80,000
$80,000

$695,000
$695,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

2
2

$6,920,000
$6,920,000

$6,705,000
$6,705,000

$20,000
$20,000

$195,000
$195,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

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

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 Distric
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
Lake Mohave Ranchos Fire District
Totals for Lake Mohave Ranchos Fire District
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 Irrigation & Drainage District
Totals for Mohave Valley Irrigation & Drainage Di

TABLE 28
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN MOHAVE COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

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

$161,000
$161,000

$65,000
$65,000

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$4,500,000
$4,500,000

$450,000
$450,000

$450,000
$450,000

$3,600,000
$3,600,000

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

$11,820,000

$1,415,000

$750,000

$9,655,000

Special Assessment

12

$49,561,995

$18,031,753

$1,820,500

$29,709,742

Grand Totals:

13

$61,381,995

$19,446,753

$2,570,500

$39,364,742

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
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 2005 BONDED INDEBTEDNESS IN NAVAJO COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

Beaver Dam Circle
Special Assessment
Totals for Beaver Dam Circle

1
1

$12,104
$12,104

$2,421
$2,421

$1,210
$1,210

$8,473
$8,473

1
1

$185,583
$185,583

$141,959
$141,959

$43,624
$43,624

$0
$0

1
1

$133,718
$133,718

$78,458
$78,458

$55,260
$55,260

$0
$0

1
1

$204,220
$204,220

$112,645
$112,645

$64,439
$64,439

$27,136
$27,136

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$220,938
$220,938

$58,393
$58,393

$54,684
$54,684

$107,861
$107,861

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$219,000
$219,000

$159,000
$159,000

$20,000
$20,000

$40,000
$40,000

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

$48,408
$48,408

$20,852
$20,852

$28,023
$28,023

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$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 D
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
Joseph City Sanitary District
Totals for Joseph City Sanitary District

TABLE 29
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN NAVAJO COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

Joseph City Water District
Revenue
Totals for Joseph City Water District

1
1

$115,000
$115,000

$97,029
$97,029

$17,971
$17,971

$0
$0

0
0

$0
$0

$0
$0

$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

$43,313
$43,313

$0
$0

$0
$0

$43,313
$43,313

1
1

$88,600
$88,600

$55,723
$55,723

$6,000
$6,000

$26,877
$26,877

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$80,402
$80,402

$53,769
$53,769

$13,065
$13,065

$13,568
$13,568

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$375,056
$375,056

$299,203
$299,203

$75,853
$75,853

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

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

$480,000
$480,000

$515,000
$515,000

$4,420,000
$4,420,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$82,628
$82,628

$38,840
$38,840

$18,291
$18,291

$25,497
$25,497

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
Madison Lane Circle
Special Assessment
Totals for Madison Lane Circle
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 District
Special Assessment
Totals for Pine Meadows Country Club Improve

TABLE 29
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN NAVAJO COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

Pinetop Fire District
Totals for Pinetop Fire District

0
0

$0
$0

$0
$0

$0
$0

$0
$0

7
7

$2,660,433
$2,660,433

$1,295,786
$1,295,786

$316,222
$316,222

$1,048,425
$1,048,425

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$186,007
$186,007

$24,548
$24,548

$6,100
$6,100

$155,359
$155,359

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$5,630,000
$5,630,000

$1,445,000
$1,445,000

$350,000
$350,000

$3,835,000
$3,835,000

1
1

$4,945,000
$4,945,000

$465,000
$465,000

$270,000
$270,000

$4,210,000
$4,210,000

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
1

$458,723
$458,723

$304,084
$304,084

$67,147
$67,147

$87,492
$87,492

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 Distric
Totals for Porter Creek Domestic Water Improve
Porter Mountain Domestic Water Improvement Dis
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 Improvemen
Soaring Eagle
Totals for Soaring Eagle
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 Special Road District
Totals for White Mountain Lake Special Road Di

TABLE 29
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN NAVAJO COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

White Mountain Summer Home
1
1

$2,135,450
$2,135,450

$776,450
$776,450

$58,000
$58,000

$1,301,000
$1,301,000

Special Assessment

1
1

$130,118
$130,118

$28,386
$28,386

$26,265
$26,265

$75,467
$75,467

Special Assessment
Totals for Wild Horse Rd #1

1
1

$116,376
$116,376

$89,828
$89,828

$26,548
$26,548

$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

$5,415,000

$480,000

$515,000

$4,420,000

Revenue

1

$115,000

$97,029

$17,971

$0

Special Assessment

26

$18,004,952

$5,477,901

$1,493,560

$11,033,491

Grand Totals:

28

$23,534,952

$6,054,930

$2,026,531

$15,453,491

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

Return to Table of Contents

TABLE 30
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN PIMA COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

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

1
1

$600,000
$600,000

$0
$0

$29,000
$29,000

$571,000
$571,000

1
1

$503,977
$503,977

$440,977
$440,977

$20,322
$20,322

$42,678
$42,678

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

$2,602,000
$2,602,000

$173,000
$173,000

$0
$0

2
2

$11,905,000
$11,905,000

$110,000
$110,000

$1,910,000
$1,910,000

$9,885,000
$9,885,000

2
2

$3,570,000
$3,570,000

$75,000
$75,000

$200,000
$200,000

$3,295,000
$3,295,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$2,105,000
$2,105,000

$0
$0

$0
$0

$2,105,000
$2,105,000

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

Avra Valley Fire District
General Obligation
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
Gladden Farms Community Facilities District
General Obligation
Totals for Gladden Farms Community Facilities
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

TABLE 30
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN PIMA COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

Marana Water Improvement District
Totals for Marana Water Improvement District

0
0

$0
$0

$0
$0

$0
$0

$0
$0

2
2

$52,840,000
$52,840,000

$6,100,000
$6,100,000

$2,065,000
$2,065,000

$44,675,000
$44,675,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$1,821,707
$1,821,707

$364,707
$364,707

$363,976
$363,976

$1,093,024
$1,093,024

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

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

$0
$0

$0
$0

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

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$4,585,000
$4,585,000

$780,000
$780,000

$795,000
$795,000

$3,010,000
$3,010,000

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

2
2

$21,860,000
$21,860,000

$10,210,000
$10,210,000

$6,575,000
$6,575,000

$5,075,000
$5,075,000

1
1

$6,730,000
$6,730,000

$4,515,000
$4,515,000

$495,000
$495,000

$1,720,000
$1,720,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Metropolitan Domestic Water Improvement Dist
Revenue
Totals for Metropolitan Domestic Water Improve
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 Distri
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
General Obligation
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 Facilitie
Redhawk Canyon Community Facilities District #2
Special Assessment
Totals for Redhawk Canyon Community Facilitie
Rincon Valley Fire District
Totals for Rincon Valley Fire District

TABLE 30
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN PIMA COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

Rio Nuevo Multipurpose Facilities District
1
1

$33,575,000
$33,575,000

$9,525,000
$9,525,000

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

$21,510,000
$21,510,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$1,255,000
$1,255,000

$0
$0

$0
$0

$1,255,000
$1,255,000

7
7

$101,775,000
$101,775,000

$6,025,000
$6,025,000

$4,140,000
$4,140,000

$91,610,000
$91,610,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Certificate of Participation

1

$33,575,000

$9,525,000

$2,540,000

$21,510,000

General Obligation

7

$25,220,000

$855,000

$1,024,000

$23,341,000

Revenue

9

$154,615,000

$12,125,000

$6,205,000

$136,285,000

Special Assessment

9

$45,595,684

$18,242,684

$9,537,298

$17,815,702

26

$259,005,684

$40,747,684

$19,306,298

$198,951,702

Certificate of Participation
Totals for Rio Nuevo Multipurpose Facilities Dist
Sabino Vista Fire District
Totals for Sabino Vista Fire District
Silverbell Irrigation & Drainage District
Totals for Silverbell Irrigation & Drainage District
Three Points Fire District
General Obligation
Totals for Three Points Fire District
Tucson Airport Authority
Revenue
Totals for Tucson Airport Authority
Why Fire District
Totals for Why Fire District

Grand Totals:

Return to Table of Contents

TABLE 31
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN PINAL COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

387 Domestic Water Improvement District
Totals for 387 Domestic Water Improvement Dist

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

$560,000
$560,000

$165,000
$165,000

$985,000
$985,000

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

$4,705,000
$4,705,000

$760,000
$760,000

$12,035,000
$12,035,000

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

4
4

$61,331,083
$61,331,083

$0
$0

$27,581,083
$27,581,083

$33,750,000
$33,750,000

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 District
Desert Vista Lighting District
Totals for Desert Vista Lighting District
Desert Vista Sanitary District
Totals for Desert Vista Sanitary District
Electrical District #2
Totals for Electrical District #2
Electrical District #3
Revenue
Totals for Electrical District #3

TABLE 31
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN PINAL COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

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

$42,900
$42,900

$5,400
$5,400

$355,450
$355,450

1
1

$1,420,000
$1,420,000

$0
$0

$0
$0

$1,420,000
$1,420,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$16,188,000
$16,188,000

$8,845,000
$8,845,000

$1,461,000
$1,461,000

$5,882,000
$5,882,000

1
1

$7,780,000
$7,780,000

$3,375,000
$3,375,000

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

$3,365,000
$3,365,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$1,335,000
$1,335,000

$0
$0

$0
$0

$1,335,000
$1,335,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Electrical District #5
Totals for Electrical District #5
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
Magma Flood Control District
Totals for Magma Flood Control 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
General Obligation
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
Midway Flood Control District
Totals for Midway Flood Control District
Mission Royale Community Facilities District
General Obligation
Totals for Mission Royale Community Facilities
New Magma Irrigation & Drainage District
Totals for New Magma Irrigation & Drainage Dist

TABLE 31
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN PINAL COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

New Saddleback Vista Domestic Water Impr District
Revenue
Totals for New Saddleback Vista Domestic Wate

1
1

$172,405
$172,405

$0
$0

$0
$0

$172,405
$172,405

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$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

$145,000
$145,000

$10,000
$10,000

$10,000
$10,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$251,000
$251,000

$0
$0

$4,777
$4,777

$246,223
$246,223

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Oracle Fire District
Totals for Oracle Fire District
Papago Butte Domestic Water Improvement District
Totals for Papago Butte Domestic Water Improv
Papago Butte Irrigation Water Delivery System
Totals for Papago Butte Irrigation Water Delivery
Pinal County Flood Control District
Totals for Pinal County Flood Control District
Pinal County Library District
Totals for Pinal County Library District
Pinal Sanitary District
Totals for Pinal Sanitary District
Queen Creek Domestic Water Improvement District
Revenue
Totals for Queen Creek Domestic Water Improve
Queen Valley Domestic Water Improvement District
Totals for Queen Valley Domestic Water Improve
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
Seven Ranches Domestic Water Improvement District
Revenue
Totals for Seven Ranches Domestic Water Impro
Skyline Domestic Water Improvement District
Totals for Skyline Domestic Water Improvement
Stanfield Flood Control District
Totals for Stanfield Flood Control District
Superstition Lighting District
Totals for Superstition Lighting District

TABLE 31
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN PINAL COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

$0
$0

$33,886
$33,886

$29,837,000
$29,837,000

Superstition Mountains Community Facilities Distri
Revenue
Totals for Superstition Mountains Community Fa

1
1

$29,870,886
$29,870,886

Thunderbird Farms Improvement district
Revenue
Special Assessment
Totals for Thunderbird Farms Improvement distr

2

$527,300

$37,384

$27,864

$462,052

1
3

$1,462,500
$1,989,800

$1,312,216
$1,349,600

$25,728
$53,592

$124,556
$586,608

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$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

$11,420,000
$11,420,000

$5,865,000
$5,865,000

$315,000
$315,000

$5,240,000
$5,240,000

1

$1,710,000

$560,000

$165,000

$985,000

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
Villa Grande Improvement District
Totals for Villa Grande Improvement District
Water Utilities Community Facilities District
Revenue
Totals for Water Utilities Community Facilities Di
Certificate of Participation
General Obligation
Revenue
Special Assessment
Grand Totals:

2

$2,755,000

$0

$0

$2,755,000

12

$103,970,303

$6,025,167

$27,983,752

$69,961,384

7

$43,499,250

$18,425,116

$3,302,128

$21,772,006

22

$151,934,553

$25,010,283

$31,450,880

$95,473,390

Return to Table of Contents

TABLE 32
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN SANTA CRUZ COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

Nogales Suburban Fire District
Totals for Nogales Suburban 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

Rio Rico Fire District
Totals for Rio Rico Fire District
Santa Cruz County Flood Control District
Totals for Santa Cruz County Flood Control Distr
Tubac Fire District
Totals for Tubac Fire District

Return to Table of Contents

TABLE 33
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN YAVAPAI COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

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

1
1

$144,900
$144,900

$59,900
$59,900

$6,000
$6,000

$79,000
$79,000

1
1

$11,215,000
$11,215,000

$0
$0

$0
$0

$11,215,000
$11,215,000

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

$276,000
$276,000

$79,119
$79,119

$80,000
$80,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$1,552,000
$1,552,000

$147,000
$147,000

$75,000
$75,000

$1,330,000
$1,330,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$60,700
$60,700

$42,700
$42,700

$4,000
$4,000

$14,000
$14,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

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

$0
$0

$125,000
$125,000

$2,375,000
$2,375,000

Ash Fork Street Lighting District
Totals for Ash Fork Street Lighting District
Big Park #1979
Totals for Big Park #1979
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
General Obligation
Totals for Central Yavapai Fire 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
Diamond Valley Road Improvement District
Totals for Diamond Valley Road Improvement Di
Eastridge Community Facilities District
General Obligation
Totals for Eastridge Community Facilities Distric

TABLE 33
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN YAVAPAI COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

Granite Gardens Sanitary District
Special Assessment
Totals for Granite Gardens Sanitary District

1
1

$162,300
$162,300

$119,300
$119,300

$13,000
$13,000

$30,000
$30,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1
1

$7,315,000
$7,315,000

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

$170,000
$170,000

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

1
1

$1,240,000
$1,240,000

$385,000
$385,000

$20,000
$20,000

$835,000
$835,000

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

$120,000
$120,000

$90,000
$90,000

$10,000
$10,000

$20,000
$20,000

1
1

$195,000
$195,000

$95,000
$95,000

$15,000
$15,000

$85,000
$85,000

1
1

$317,180
$317,180

$80,026
$80,026

$29,287
$29,287

$207,867
$207,867

1
1

$24,335,000
$24,335,000

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

$975,000
$975,000

$19,060,000
$19,060,000

2
2

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

$0
$0

$0
$0

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

1
1

$6,940,000
$6,940,000

$0
$0

$0
$0

$6,940,000
$6,940,000

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

Groom Creek Fire District
Totals for Groom Creek Fire District
Hassayampa Community Facilities District
Special Assessment
Totals for Hassayampa Community Facilities Dis
Hassayampa Community Facilities District #2
Special Assessment
Totals for Hassayampa Community Facilities Dis
Highland Pines
Totals for Highland Pines
Iron Springs Sanitary District
Totals for Iron Springs Sanitary District
Peeples Valley Fire District
Totals for Peeples Valley Fire District
Pine Valley Road Improvement District
Special Assessment
Totals for Pine Valley Road Improvement District
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 Facilitie
Quailwood Meadows Community Facilities District
General Obligation
Totals for Quailwood Meadows Community Facil
Raven Ridge Community Facilities District
Totals for Raven Ridge Community Facilities Dis
Seligman Fire District
Totals for Seligman Fire District
Seligman Sanitary District
Totals for Seligman Sanitary District

TABLE 33
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN YAVAPAI COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

Seligman Street Lighting District
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

1
1

$95,840
$95,840

$5,044
$5,044

$5,044
$5,044

$85,752
$85,752

0
0

$0
$0

$0
$0

$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

$15,260,000
$15,260,000

$2,665,000
$2,665,000

$1,395,000
$1,395,000

$11,200,000
$11,200,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

General Obligation

6

$42,455,000

$0

$125,000

$42,330,000

Revenue

2

$39,595,000

$6,965,000

$2,370,000

$30,260,000

Special Assessment

11

$11,638,039

$3,009,970

$426,450

$8,201,619

Grand Totals:

19

$93,688,039

$9,974,970

$2,921,450

$80,791,619

Totals for Seligman Street Lighting District
Stoneridge Community Facilities District
General Obligation
Totals for Stoneridge Community Facilities Distr
Sunup Ranch Road Improvement District
Totals for Sunup Ranch Road Improvement Distr
Water Improvement District P164
Special Assessment
Totals for Water Improvement District P164
Yarnell Fire District
Totals for Yarnell Fire District
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 2005 BONDED INDEBTEDNESS IN YUMA COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

Del Sur Estates Imprvmnt Dist
Special Assessment
Totals for Del Sur Estates Imprvmnt Dist

1
1

$191,182
$191,182

$122,082
$122,082

$14,000
$14,000

$55,100
$55,100

1
1

$667,000
$667,000

$320,400
$320,400

$19,500
$19,500

$327,100
$327,100

2
2

$398,285
$398,285

$31,685
$31,685

$16,378
$16,378

$350,222
$350,222

1
1

$479,610
$479,610

$0
$0

$0
$0

$479,610
$479,610

0
0

$0
$0

$0
$0

$0
$0

$0
$0

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

0
0

$0
$0

$0
$0

$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

$7,190,000
$7,190,000

$1,195,000
$1,195,000

$11,015,000
$11,015,000

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 District
Gadsden Townsite Improvement District
Special Assessment
Totals for Gadsden Townsite Improvement Distri
Gila Valley Anti-Noxious Weed District
Totals for Gila Valley Anti-Noxious Weed District
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 D
Wellton-Mohawk Irrigation & Drainage District
Totals for Wellton-Mohawk Irrigation & Drainage
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

TABLE 34
SPECIAL DISTRICT FY 2005 BONDED INDEBTEDNESS IN YUMA COUNTY
SPECIAL DISTRICT NAME
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

Yuma County Pest Abatement 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

Special Assessment

7

$28,416,077

$7,664,167

$1,244,878

$19,507,032

Grand Totals:

7

$28,416,077

$7,664,167

$1,244,878

$19,507,032

Totals for Yuma County Pest Abatement District
Yuma Irrigation District
Totals for Yuma Irrigation District
Yuma-Mesa Irrigation & Drainage District
Totals for Yuma-Mesa Irrigation & Drainage Distr

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 do 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 2004/05 was $6.9 billion
after $1.2 billion 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
double-counting 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 is different.)
Please note that the outstanding balances
listed in the report should reflect all
indebtedness as of June 30, 2005. However,
the year-end balances should reflect any July
1, 2005 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 2005 BONDED INDEBTEDNESS
JURISDICTION
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

AHCCCS
Totals for AHCCCS

0
0

$0
$0

$0
$0

$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

$25,455,000
$25,455,000

$115,000
$115,000

$135,350
$135,350

$25,204,650
$25,204,650

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Arizona Criminal Justice Commission
Totals for Arizona Criminal Justice Commission
Arizona Exposition and State Fair
Totals for Arizona Exposition and State Fair
Arizona Housing Finance Authority
Revenue
Totals for Arizona Housing Finance Authority
Arizona Lottery
Revenue
Totals for Arizona Lottery
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

7

$275,075,000

$46,125,000

$555,000

$228,395,000

11
18

$603,966,000
$879,041,000

$56,050,000
$102,175,000

$65,106,000
$65,661,000

$482,810,000
$711,205,000

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

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 Acupuncture
Totals for Board of Acupuncture
Board of Behavioral Health Examiners
Totals for Board of Behavioral Health Examiners
Board of Chiropractic Examiners
Totals for Board of Chiropractic Examiners

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 2005 BONDED INDEBTEDNESS
JURISDICTION
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

Board of Dispensing Opticians
Totals for Board of Dispensing Opticians

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$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 Equalization
Totals for Board of Equalization
Board of Executive Clemency
Totals for Board of Executive Clemency
Board of Massage Thearpy
Totals for Board of Massage Thearpy
Board of Naturopathic Physicians Examiners
Totals for Board of Naturopathic Physicians Examin
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

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 2005 BONDED INDEBTEDNESS
JURISDICTION
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

Board of Respiratory Care Examiners
Totals for Board of Respiratory Care Examiners

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$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 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
Commission for the Deaf and Hard of Hearing
Totals for Commission for the Deaf and Hard of Hea
Commission on Judicial Conduct
Totals for Commission on Judicial Conduct
Commission on the Arts
Totals for Commission on the Arts
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 I
Totals for Court of Appeals Div I
Court of Appeals Div II
Totals for Court of Appeals Div II
Department of Agriculture
Totals for Department of Agriculture

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 2005 BONDED INDEBTEDNESS
JURISDICTION
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

Department of Building and Fire Safety
Totals for Department of Building and Fire Safety

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$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 Corrections
General Obligation
Totals for Department of Corrections
Department of Economic Security
Totals for Department of Economic Security
Department of Education
Totals for Department of Education
Department of Emergency & Military Affairs
Totals for Department of Emergency & Military Affai
Department of Environmental Quality
Totals for Department of Environmental Quality
Department of Gaming
Totals for Department of Gaming
Department of Health Services
Totals for Department of Health Services
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 Contr
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

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 2005 BONDED INDEBTEDNESS
JURISDICTION
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

Department of Real Estate
Totals for Department of Real Estate

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

26
26

$3,450,455,000
$3,450,455,000

$1,537,930,000
$1,537,930,000

$306,825,000
$306,825,000

$1,605,700,000
$1,605,700,000

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

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

12

$70,815,000

$0

$2,520,000

$68,295,000

17
29

$57,115,000
$127,930,000

$2,570,000
$2,570,000

$1,965,000
$4,485,000

$52,580,000
$120,875,000

43
43

$2,378,874,568
$2,378,874,568

$381,285,000
$381,285,000

$61,180,000
$61,180,000

$1,936,409,568
$1,936,409,568

0
0

$0
$0

$0
$0

$0
$0

$0
$0

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
Game and Fish Department
Totals for Game and Fish Department
Geological Survey
Totals for Geological Survey
Government Information Technology Agency
Totals for Government Information Technology Age
Governor's Office of Equal Opportunity
Totals for Governor's Office of Equal Opportunity
Greater Arizona Development Authority
General Obligation
Revenue
Totals for Greater Arizona Development Authority
Health Facilities Authority
Revenue
Totals for Health Facilities Authority
Homeopathic Board
Totals for Homeopathic 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 2005 BONDED INDEBTEDNESS
JURISDICTION
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

Joint Legislative Budget Committee
Totals for Joint Legislative Budget Committee

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

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
Certificate of Participation
Revenue
Totals for Northern Arizona University

1

$37,585,000

$0

$0

$37,585,000

7
8

$182,945,000
$220,530,000

$20,560,000
$20,560,000

$35,525,000
$35,525,000

$126,860,000
$164,445,000

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

0
0

$0
$0

$0
$0

$0
$0

$0
$0

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
Ombudsman Citizens' Aide
Totals for Ombudsman Citizens' Aide
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
Public Safety Personnel Retirement System
Totals for Public Safety Personnel Retirement Syste

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 2005 BONDED INDEBTEDNESS
JURISDICTION
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

Radiation Regulatory Agency
Totals for Radiation Regulatory Agency

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

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

6

$1,186,350,000

$0

$347,500,000

$838,850,000

7
13

$1,313,725,000
$2,500,075,000

$97,800,000
$97,800,000

$291,890,000
$639,390,000

$924,035,000
$1,762,885,000

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

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$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 Record
State Mine Inspector
Totals for State Mine Inspector
State Personnel Board
Totals for State Personnel Board
State Retirement System
Totals for State Retirement System
State Supreme Court
Totals for State Supreme Court

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 2005 BONDED INDEBTEDNESS
JURISDICTION
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

Structural Pest Control Commission
0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

15

$556,782,000

$16,037,000

$48,153,000

$492,592,000

7
22

$322,990,000
$879,772,000

$33,215,000
$49,252,000

$47,190,000
$95,343,000

$242,585,000
$735,177,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

7
7

$574,890,000
$574,890,000

$136,585,000
$136,585,000

$38,105,000
$38,105,000

$400,200,000
$400,200,000

Certificate of Participation

29

$2,055,792,000

$62,162,000

$396,208,000

$1,597,422,000

General Obligation

13

$70,815,000

$0

$2,520,000

$68,295,000

Revenue

129

$8,910,415,568

$2,266,110,000

$847,921,350

$5,796,384,218

Grand Totals:

171

$11,037,022,568

$2,328,272,000

$1,246,649,350

$7,462,101,218

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

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 2004/05 was
$3.0 billion after $252.4 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, 2005.
However, the year-end balances should
reflect any July 1, 2005 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 2005 BONDED INDEBTEDNESS
JURISDICTION
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

Arizona Power Authority
Revenue
Totals for Arizona Power Authority

2
2

$138,930,000
$138,930,000

$78,865,000
$78,865,000

$2,545,000
$2,545,000

$57,520,000
$57,520,000

1
1

$98,000,000
$98,000,000

$31,263,110
$31,263,110

$9,536,890
$9,536,890

$57,200,000
$57,200,000

2
2

$254,350,000
$254,350,000

$795,000
$795,000

$810,000
$810,000

$252,745,000
$252,745,000

4
4

$423,707,536
$423,707,536

$303,032,650
$303,032,650

$16,908,560
$16,908,560

$103,766,326
$103,766,326

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Arizona Research Park Authority
Revenue
Totals for Arizona Research Park Authority
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
Navigable Stream Adjudication Commission
Totals for Navigable Stream Adjudication Commi
Pioneer's Home
Totals for Pioneer's Home
Salt River Project
1

$282,680,000

$0

$0

$282,680,000

15
16

$4,445,040,400
$4,727,720,400

$2,075,841,000
$2,075,841,000

$170,249,200
$170,249,200

$2,198,950,200
$2,481,630,200

1
1

$20,875,000
$20,875,000

$120,000
$120,000

$20,755,000
$20,755,000

$0
$0

2
2

$106,750,000
$106,750,000

$0
$0

$10,160,000
$10,160,000

$96,590,000
$96,590,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

1

$282,680,000

$0

$0

$282,680,000

Revenue

27

$5,487,652,936

$2,489,916,760

$230,964,650

$2,766,771,526

Grand Totals:

28

$5,770,332,936

$2,489,916,760

$230,964,650

$3,049,451,526

Certificate of Participation
Revenue
Totals for Salt River Project
Southern Arizona Capital Facilities
Revenue
Totals for Southern Arizona Capital Facilities
University Medical Center corporation
Revenue
Totals for University Medical Center corporation
Williams Gateway Airport Authority
Totals for Williams Gateway Airport Authority
Certificate of Participation

Return to Table of Contents

SECTION TWO

FY 2004/05 NEW ISSUES

FY 2004/05 NEW ISSUES5
Throughout FY 2004/05 $6.538 billion in
new debt was reported by Arizona political
subdivisions. Of the $6.538 billion in new
debt, $1.160 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

$0

$0

Cochise

$0

$0

Coconino

$1,016,056

$39,485,000

Gila

$4,030,000

$0

Graham

$5,000,000

$0

Greenlee

$2,350,000

$0

La Paz

$0

$0

$2,513,501,104

$515,475,000

Mohave

$40,530,116

$0

Navajo

$4,155,000

$3,295,000

Maricopa

Other

$1,473,961,568

$384,125,000

Pima

$497,441,428

$200,505,000

Pinal

$163,364,896

$0

$0

$0

$554,500,000

$0

$76,515,000

$13,960,000

Santa Cruz
State
Yavapai
Yuma

$42,099,529

$2,755,000

Total

$5,378,464,697

$1,159,600,000

COUNTIES
During the FY 2004/05, four counties
reported six new bond issues totaling $203.0
million. Of this amount, $65.0 million is
attributable to a General Obligation bonds,
$51.2 million is in the form of a Revenue
bonds, $15.1 million is in the form of a
Lease Purchase and $71.6 for Municipal
Property Corporation.
New county debt for FY 2004/05 can be
found in Table 37.

5Copies

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 2004/05 twenty-seven cities and
towns incurred $2,050.8 million in new debt.
The following is a breakdown of this total:
⇓
$185.8 million in a certificate of
participation, reported by four cities;
⇓
$319.8 million in general obligation
debt, reported by 11 cities and towns;
⇓
$8.8 million in the form of lease
purchases, reported by three cities and
towns;
⇓
$168.9 million in debt issued
through municipal property corporations,
reported by seven cities and towns;
⇓
$1,359.2 million in revenue bonds,
reported by 15 cities and towns; and
⇓
$8.4 million in a special assessment
bond, reported by two cities;
Projects for new debt issued by cities in
towns during FY 2004/05 include: $590.3
million for wastewater and sewer projects,
$535.5 million for streets/highways, $317.1
million for municipal improvement projects,
$49.2 million for various lease, and $558.7
million for refunding.
Detail of the new debt issues reported by
cities and towns for this fiscal year can be
found in Table 38.

of the Report of Bond and Security Issuance forms as provided by the jurisdictions can
be obtained upon request.

COMMUNITY COLLEGES
Authorized
as
separate
municipal
jurisdictions from the counties, community
colleges have the authority to levy property
taxes, and, therefore, can issue general
obligation bonds. Of the ten community
college districts statewide, only two reported
new debt during FY 2004/05.
These
community colleges reported $209.8 million
in general obligation debt.

During FY 2004/05, sixteen special districts
incurred $147.3 million in new debt. The
following is a breakdown of this total:

Detail on new issues by Community
Colleges can be found in Table 39.

⇓
$4.4 million in lease purchase debt,
issued by 3 special districts.

SCHOOL DISTRICTS

⇓
$71.6 million in general obligation
bonds, issued by 13 special districts.

As discussed in section one, school districts
incur, primarily, general obligation debt,
subject to the limitations established by the
constitution. During FY 2004/05, thirty-nine
of Arizona school districts reported new
general obligation debt in the amount of
$709.9 million (of this amount $207.7 million
of this amount was for refunding). An
additional $6.7 million was reported by six
school districts in the form of long term lease
purchase agreements.
Eleven of the fifteen Arizona counties had
school districts that issued new debt.
Maricopa county schools accounted for
approximately 76% of all new general
obligation debt by issuing $551.1 million. Of
this amount, $159.6 million is to be used in a
refunding capacity. The remaining $391.5
million is for improvement projects of various
types.
Arizona school districts that reported debt
for FY 2004/05 had, as of the date of their
report, outstanding debt in the amount of
$4.0 billion. New debt and new lease
purchases, then, account for 17.9% of total
outstanding debt for school districts.
Detail of all new debt issued by school districts
in FY 2004/05 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:

⇓
$64.0 million in revenue bonds,
issued by 3 special districts;
⇓
$7.3 million in special assessment
bonds, issued by 8 special districts;

Detail of all new debt issued by special
districts for FY 2004/05 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 2004/05, Arizona
IDAs reported new debt in the amount of
$693.0 million. Of this amount, 75.9%, or
$526.1 million, was issued by IDAs located in
Maricopa County. In all, three county IDAs
and five city IDAs issued debt in FY 2004/05.
IDAs are organized for specific projects that
usually involve housing or rental properties.
Almost 33% of new debt, or $227.4 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
2004/05 can be found in Table 42.

STATE AGENCIES, UNIVERSITIES
AND OTHERS
Entities listed in this section issue, almost
exclusively, revenue bonds.
However,
during FY 2004/05, several certificates of
participation were issued as well:

⇓
$1,656.0 million in
issued by eight agencies,
others;
⇓
$843.6 million in
participation bonds, issued
and three universities.

revenue bonds,
universities and

⇓
$7.03 million in lease purchase by
one agency.

certificates of
by one agency,

Detail of new debt issued by state agencies,
universities and other jurisdictions for FY
2004/05 can be found in Table 43.

Return to Table of Contents

TABLE 37
COUNTY NEW ISSUES IN FY 2005
Name

Bond Type

# of Issues

Maricopa
Pima

Lease Purchase
General Obligation

2
1

$15,151,625
$65,000,000

Pima

Revenue

1

$51,200,000

Pinal

Municipal Property Corp

1

$71,615,000

Grand Total:

Return to Table of Contents

Amount

$202,966,625

TABLE 38
CITY NEW ISSUES IN FY 2005
Name

Bond Type

# of Issues

Amount

Avondale
Camp Verde

Municipal Property Corp
Revenue

1
1

$12,400,000
$2,040,000

Cave Creek

General Obligation

1

$5,185,000

Chandler
Chandler

General Obligation
Revenue

1
3

$24,800,000
$36,405,000

Chino Valley

Revenue

1

$7,740,000

Cottonwood
Fountain Hills

Municipal Property Corp
General Obligation

1
1

$13,580,000
$7,225,000

Fountain Hills
Fountain Hills

Municipal Property Corp
Revenue

1
1

$3,645,000
$5,330,000

Gilbert

General Obligation

1

$18,750,000

Gilbert
Glendale

Municipal Property Corp
General Obligation

1
1

$72,950,000
$11,960,000

Goodyear

Certificates of Participation

2

$63,240,000

Goodyear
Lake Havasu

General Obligation
Revenue

1
1

$29,260,000
$24,230,116

Marana

Municipal Property Corp

1

$8,675,000

Mesa
Mesa

General Obligation
Lease Purchase

1
1

$11,705,000
$7,565,497

Mesa

Revenue

3

$125,225,000

Oro Valley
Paradise Valley

Special Assessment
Lease Purchase

1
1

$3,945,000
$309,292

Payson
Phoenix

General Obligation
Certificates of Participation

1
2

$2,030,000
$63,240,000

Phoenix

Revenue

4

$912,280,000

Prescott
Prescott

Lease Purchase
Municipal Property Corp

2
1

$890,000
$16,875,000

Queen Creek

Revenue

1

$7,700,000

Scottsdale
Scottsdale

Certificates of Participation
General Obligation

1
1

$7,650,000
$74,630,000

Scottsdale

Municipal Property Corp

1

$40,760,000

Scottsdale
Sedona

Revenue
Excise Tax Revenue Obligations

1
1

$19,945,322
$11,305,000

Sedona

Revenue

2

$32,885,000

Somerton
Taylor

Revenue
Revenue

1
1

$1,185,000
$505,000

Tempe
Tempe

General Obligation
Special Assessment

1
1

$52,425,000
$4,405,000

Tucson

Certificates of Participation

2

$51,700,000

Tucson
Tucson

General Obligation
Revenue

3
4

$81,780,000
$132,770,000

TABLE 38
CITY NEW ISSUES IN FY 2005
Name

Bond Type

Winslow
Yuma

Revenue
Revenue

# of Issues
1
1
Grand Total:

Return to Table of Contents

Amount
$3,295,000
$36,414,920
$2,050,835,147

TABLE 39
COMMUNITY COLLEGE NEW ISSUES IN FY 2005
Name

Bond Type

Maricopa Community College
Yavapai College

General Obligation
General Obligation

# of Issues
1
1
Grand Total:

Return to Table of Contents

Amount
$190,270,000
$19,500,000
$209,770,000

TABLE 40
SCHOOL DISTRICT NEW ISSUES IN FY 2005
Dist. #

Name

County

1
10

Flagstaff USD
Payson USD

Coconino
Gila

General Obligation
Lease Purchase

1
1

$6,600,000
$2,000,000

1

Safford USD

Graham

General Obligation-Class B

1

$5,000,000

Morenci USD
Riverside ESD

Greenlee
Maricopa

General Obligation-Class B
General Obligation-Class B

1
1

$2,350,000
$3,000,000

3

Tempe ESD

Maricopa

General Obligation

1

$11,450,000

4
8

Mesa USD
Osborn ESD

Maricopa
Maricopa

General Obligation
General Obligation

2
1

$53,100,000
$8,425,000

9

Wickenburg USD

Maricopa

General Obligation

2

$6,960,000

9
11

Wickenburg USD
Peoria USD

Maricopa
Maricopa

General Obligation-Class B
General Obligation-Class B

1
1

$1,885,000
$20,000,000

18
2

Bond Type

# of Issues

Amount

25

Liberty ESD

Maricopa

General Obligation-Class B

1

$5,650,000

38
40

Madison ESD
Glendale ESD

Maricopa
Maricopa

General Obligation-Class B
Lease Purchase

1
1

$18,000,000
$9,447

45
47

Fowler ESD
Arlington ESD

Maricopa
Maricopa

General Obligation-Class B
General Obligation-Class B

1
1

$4,595,000
$2,265,000

48

Scottsdale USD

Maricopa

General Obligation-Class B

1

$100,000,000

60
66

Higley USD
Roosevelt ESD

Maricopa
Maricopa

General Obligation-Class B
General Obligation

1
1

$5,000,000
$18,500,000

69

Paradise Valley USD

Maricopa

General Obligation

2

$33,785,000

69
80

Paradise Valley USD
Chandler USD

Maricopa
Maricopa

General Obligation-Class B
General Obligation-Class B

1
1

$16,500,000
$43,950,000

89

Dysart USD

Maricopa

General Obligation

1

$15,955,000

89
92

Dysart USD
Pendergast ESD

Maricopa
Maricopa

General Obligation-Class B
General Obligation-Class B

1
1

$14,770,000
$760,000

95

Queen Creek USD

Maricopa

General Obligation-Class B

1

$5,500,000

97
97

Deer Valley USD
Deer Valley USD

Maricopa
Maricopa

General Obligation
General Obligation-Class B

1
1

$13,830,000
$25,000,000

98
201

Fountain Hills USD
Buckeye UHSD

Maricopa
Maricopa

General Obligation
General Obligation-Class B

1
1

$3,105,000
$9,675,000

205

Glendale UHSD

Maricopa

Lease Purchase

2

$2,062,274

210
214

Phoenix UHSD
Tolleson UHSD

Maricopa
Maricopa

General Obligation-Class B
General Obligation

2
1

$115,000,000
$8,295,000

Colorado River UHSD

Mohave

General Obligation-Class B

1

$15,000,000

Peach Springs
Kayenta USD

Mohave
Navajo

General Obligation-Class B
General Obligation-Class B

1
1

$1,300,000
$3,650,000

1

Tucson USD

Pima

General Obligation-Class B

1

$47,000,000

1
8

Tucson USD
Flowing Wells USD

Pima
Pima

Lease Purchase
Lease Purchase

3
1

$1,517,124
$349,304

10

Amphitheater USD

Pima

General Obligation

1

$8,480,000

16

Catalina Foothills USD

Pima

General Obligation-Class B

1

$6,580,000

2
8
27

TABLE 40
SCHOOL DISTRICT NEW ISSUES IN FY 2005
Dist. #

Name

County

Sahuarita USD
Continental ESD

Pima
Pima

General Obligation
General Obligation

1
1

$11,175,000
$2,615,000

1

Florence USD

Pinal

General Obligation-Class B

1

$9,080,000

1
21

Florence USD
Coolidge USD

Pinal
Pinal

Lease Purchase
General Obligation-Class B

3
1

$792,491
$1,000,000

43

Apache Junction USD

Pinal

General Obligation-Class B

1

$16,000,000

Prescott USD
Yavapai
Sedona-Oak Creek USD Yavapai

General Obligation-Class B
General Obligation

1
1

$3,750,000
$2,655,000

13

Crane ESD

Yuma

General Obligation

1

$2,755,000

17

Mohawk Valley ESD

Yuma

Lease Purchase

1

$19,999

30
39

1
9

Bond Type

# of Issues

Grand Total:

Return to Table of Contents

Amount

$716,695,638

TABLE 41
SPECIAL DISTRICT NEW ISSUES IN FY 2005
Name

County

Bond Type

# of Issues

Kiowa-Comanche Community Improvement District
Pawnee Community Improvement District

Coconino
Coconino

Special Assessment
Special Assessment

1
1

$287,581
$212,597

Rio-Arroyo Improv. Dist. Of Coc. Co.,AZ

Coconino

Special Assessment

1

$382,917

Shoshone Community Improvement District
Tonowanda Community Improvement District

Coconino
Coconino

Special Assessment
Special Assessment

1
1

$59,050
$73,911

Agua Fria Ranch Community Facilities Dist

Maricopa

General Obligation

1

$50,000

Centerra Community Facilities District
Cortina Community Facilities District

Maricopa
Maricopa

General Obligation
General Obligation

1
1

$2,400,000
$1,700,000

Goodyear Community Facilities Utilities Dist #1

Maricopa

General Obligation

2

$8,645,000

Sundance Community Facilities Dist./Buckeye, AZ
Maricopa
Sundance Community Facilities Dist/Town of Buckey Maricopa

General Obligation
Special Assessment

1
1

$5,000,000
$2,050,000

Verrado Western Overlay Comm Fac Dist(Buckeye)

Maricopa

General Obligation

1

$13,000,000

Vistancia Community Facilities District
Westpark Community Facilities District

Maricopa
Maricopa

General Obligation
Special Assessment

1
1

$23,550,000
$3,800,000

Drexel Heights Fire District of Pima Co.,Az
Gladden Farms Community Facilities Dist

Pima
Pima

General Obligation
General Obligation

1
1

$1,460,000
$2,105,000

Red Hawk Community Facilities Dist #1

Pima

Revenue

1

$5,075,000

Apache Junction Fire Dist
Arizona City Fire District

Pinal
Pinal

Lease Purchase
Lease Purchase

1
1

$2,000,000
$1,200,000

Electrical District #3 of Pinal County

Pinal

Revenue

3

$58,750,000

Maricopa Fire Dist of Pinal Co.AZ
Mission Royale Community Facil Dist (City Casa Gr

Pinal
Pinal

General Obligation
General Obligation

1
1

$1,420,000
$1,335,000

New Saddleback Vista Domestic Water Improv Dist o

Pinal

Revenue

1

$172,405

Camp Verde Sanitary District
Pronghorn Ranch Community Facilities Dist

Yavapai
Yavapai

Lease Purchase
General Obligation

2
1

$1,200,000
$4,000,000

Quailwood Meadows Community Facilities District

Yavapai

General Obligation

1

$6,940,000

Gadsden Townsite Improvement District

Yuma

Special Assessment

1

$479,610

Grand Total:

Return to Table of Contents

Amount

$147,348,071

TABLE 42
INDUSTRIAL DEVELOPMENT AUTHORITY NEW ISSUES FY 2005
Name

Jurisdiction

Date

Amount

Purpose

Glendale

City IDA

6/16/2005

$47,000,000 John C Lincoln Health Network Proj - Refunding

Glendale
Maricopa

City IDA
County IDA

7/13/2004
5/17/2005

$16,415,000 Midwestern University
$100,000,000 Sun Health Hospital Revenue Bonds, Series 2005

Maricopa

County IDA

11/15/2004

Maricopa
Maricopa

County IDA
County IDA

8/25/2004
1/3/2005

Maricopa

County IDA

11/15/2004

Maricopa
Maricopa

County IDA
County IDA

11/5/2004
1/12/2005

Maricopa

County IDA

11/15/2004

Maricopa
County IDA
Maricopa Co. Pollu County IDA

12/22/2004
3/1/2005

$1,010,000 San Clemente Apartments
$54,117,201 Single Family Mortgage, Series 2003B
$8,433,307 SFMRB 2004B
$445,000 San Fernando Apartments
$3,500,000 Tierra del Sol Apartments
$6,750,000 Michael Pylman Dairy, LLC project
$240,000 San Angelin Apartments
$5,400,000 Village Square Apartments - Refunding
$163,975,000 AZ Public Serv. Co. Palo Verde Project

Phoenix

City IDA

1/3/2005

$10,109,586 Single Family Mortgage Revenue Bonds

Phoenix
Phoenix

City IDA
City IDA

11/9/2004
6/9/2005

$500,000 Westward Ho Apartments
$10,300,000 Rancho Ladera Project - Refunding

Phoenix
Phoenix

City IDA
City IDA

8/1/2004
11/4/2004

$12,600,000 Park Glen Apartments
$20,000,000 GNMA Collateralized Park Lee Apts Proj

Phoenix

City IDA

12/16/2004

$2,500,000 GNMA Collateralized Park Lee Apts Proj

Phoenix
Pima

City IDA
County IDA

4/26/2005
7/8/2004

Pima

County IDA

10/1/2004

$60,000,000 SFMRRB 2004a

Pima
Pima

County IDA
County IDA

10/1/2004
1/21/2005

$1,600,000 Noah Webster Basic School Project
$13,180,000 La Paloma Academy Schools Project

Pima

County IDA

5/1/2005

$1,500,000 Tucson Country Day School Project

Pima
Pima

County IDA
County IDA

2/17/2005
3/31/2005

$3,170,000 Khalsa Family Serv. Proj
$3,700,000 Milestones Charter Sch.Proj

$8,500,000 Hacienda at Sunnyslope Apts Proj/Multifamily Ho
$9,750,000 Pointe Educational Services Project

Pima

County IDA

12/21/2004

$41,400,000 El Dorado Hospital, Series 2

South Tucson
Tempe

City IDA
City IDA

12/15/2004
7/1/2004

$9,900,000 University Physicians Hospital
$19,780,000 Friendship Village of Tempe - Refunding

Tempe
Tempe

City IDA
City IDA

7/1/2004
7/1/2004

$22,420,000 ASUF Brickyard Project
$12,075,000 ASUF Brickyard Project

Tucson

City IDA

8/1/2004

$10,000,000 Single Family Mortgage Revenue Bonds

Tucson
Yuma

City IDA
County IDA

10/7/2004
12/7/2004
Grand Total:

$8,710,000 AZ Agribus. & Equine Center proj
$4,000,000 Sunset Community Health Ctr
$692,980,094

Return to Table of Contents

TABLE 43
STATE AGENCY, UNIVERSITY AND OTHER NEW ISSUES FY 2005
Jurisdiction

Date

Amount

Purpose

Arizona Health Facilities Authority

5/12/2005 $836,230,000

Banner Health-AZ Health Facil Auth Rev

Arizona Health Facilities Authority
Arizona Health Facilities Authority

6/9/2005
4/29/2005

$6,000,000
$4,500,000

Wickenburg Community Hosp-Health Car
Master Lease & Sublease Agreement

Arizona Health Facilities Authority

10/22/2004

$2,526,568

Master Lease and Sublease Agreement

Arizona Health Facilities Authority
Arizona Health Facilities Authority

12/1/2004
12/7/2004

$55,000,000
$5,530,000

Arizona Housing Finance Authority

12/1/2004

$10,000,000

Arizona School Facilities Board
Arizona School Facilities Board

3/15/2005 $334,225,000
8/24/2004 $190,040,000

Refunding Certificates of Participation, S
Improvements

Arizona School Facilities Board

12/7/2004

Certificates of Participation, Series 2004C

Arizona School Facilities Board
Arizona State University

7/2/2004 $246,600,000
7/15/2004 $80,275,000

$47,585,000

Az. Health Fac. Auth. Rev. Bonds(Blood S
Southwest Behavioral Health Svcs Proj/S
Single Family Mortgage Revenue Bonds

Facility Improvements
ASU Research Infrastructure Project

Arizona State University

1/1/2005 $110,115,000

Certif. of Partic.(ASU Research Infrastruc

Arizona State University
Arziona Housing Finance Authority

4/6/2005
6/1/2005

$49,900,000
$6,100,000

ASU System Revenue Refunding Bonds
Santa Carolina Apts Proj, Var Rate Dema

Greater Arizona Development Authorit
Greater Arizona Development Authorit

7/27/2004
2/23/2005

$10,360,000
$47,695,000

Greater Az. Dev. Auth/Infrastructure Rev.
Infrastructure Revenue Bonds Series 200

Northern Arizona University

12/1/2004

$39,675,000

NAU System Revenue & Refunding Bond

Northern Arizona University
State Transportation Board

7/29/2004 $37,585,000
8/15/2004 $188,260,000

NAU Research Infrastructure Project
Subordinated Highway Revenue Bonds S

State Transportation Board

10/1/2004 $104,385,000

Grant Anticipation Notes, Series 2004B

University of Arizona
University of Arizona

5/1/2005
11/1/2004

Refunding Certs of Participation, Series 2
U of A System Revenue Bonds, Series 20

Grand Total:

$43,815,000
$50,265,000
$2,506,666,568

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 thirteen IDAs in
FY 2004/05. Pinal County IDA has
outstanding bonds; however, they failed to
submit reports. Yuma County IDA has
outstanding bonds but communicated that
they are having problems getting accurate
data. 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, and Maricopa
Pollution Control, all industrial development
authorities. Apache, La Paz and Santa Cruz
County IDA reported no outstanding bonds.
Total outstanding debt reported for county
IDAs was $4.296 billion at the end of FY
2004/05, after $666.6 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 Pinal County &
Yuma 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
Thirty-two City/Town IDAs provided bond
reports for FY 2004/05. 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. Twenty-three of the
remaining
thirty-one
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 2004/05 was $2.302 billion.
During the fiscal year, $713.3 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, 2005.
However, the year-end balances should
reflect any July 1, 2005 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 2005 BONDED INDEBTEDNESS
COUNTY
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

Apache
0
0

$0
$0

$0
$0

$0
$0

$0
$0

Revenue

8
8

$92,535,000
$92,535,000

$19,745,000
$19,745,000

$9,230,000
$9,230,000

$63,560,000
$63,560,000

Revenue

10
10

$196,100,000
$196,100,000

$780,000
$780,000

$13,015,000
$13,015,000

$182,305,000
$182,305,000

Revenue

2
2

$80,700,000
$80,700,000

$340,000
$340,000

$380,000
$380,000

$79,980,000
$79,980,000

Revenue

3
3

$19,664,000
$19,664,000

$2,723,794
$2,723,794

$1,445,000
$1,445,000

$15,495,206
$15,495,206

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

159
159

$2,448,183,064
$2,448,183,064

$366,300,859
$366,300,859

$266,942,320
$266,942,320

$1,814,939,885
$1,814,939,885

Revenue

8
8

$145,902,000
$145,902,000

$630,000
$630,000

$37,490,000
$37,490,000

$107,782,000
$107,782,000

Revenue

8
8

$257,450,000
$257,450,000

$0
$0

$0
$0

$257,450,000
$257,450,000

Revenue

132
132

$2,267,774,211
$2,267,774,211

$404,921,735
$404,921,735

$330,657,822
$330,657,822

$1,532,194,654
$1,532,194,654

0
0

$0
$0

$0
$0

$0
$0

$0
$0

12
12

$181,425,000
$181,425,000

$12,927,946
$12,927,946

$7,397,422
$7,397,422

$161,099,632
$161,099,632

Revenue

343

$5,770,833,275

$808,369,334

$666,557,564

$4,295,906,377

Grand Totals:

343

$5,770,833,275

$808,369,334

$666,557,564

$4,295,906,377

Totals for Apache
Cochise
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
Revenue
Totals for Yavapai

Return to Table of Contents

TABLE 45
CITY INDUSTRIAL DEVELOPMENT AUTHORITY FY 2005 BONDED INDEBTEDNESS
CITY
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

Avondale
Revenue

1
1

$3,085,000
$3,085,000

$835,000
$835,000

$150,000
$150,000

$2,100,000
$2,100,000

Revenue

1
1

$960,000
$960,000

$300,000
$300,000

$45,000
$45,000

$615,000
$615,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Revenue

8
8

$99,985,000
$99,985,000

$5,370,000
$5,370,000

$1,405,700
$1,405,700

$93,209,300
$93,209,300

Revenue

7
7

$45,662,136
$45,662,136

$10,811,235
$10,811,235

$9,803,069
$9,803,069

$25,047,832
$25,047,832

Revenue
Totals for Douglas

1
1

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

$585,000
$585,000

$508,000
$508,000

$617,000
$617,000

Totals for Eloy

0
0

$0
$0

$0
$0

$0
$0

$0
$0

6
6

$39,206,000
$39,206,000

$1,207,000
$1,207,000

$2,173,000
$2,173,000

$35,826,000
$35,826,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Revenue

4
4

$14,500,000
$14,500,000

$3,282,000
$3,282,000

$680,500
$680,500

$10,537,500
$10,537,500

Revenue

2
2

$13,335,000
$13,335,000

$5,945,000
$5,945,000

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

$6,015,000
$6,015,000

0
0

$0
$0

$0
$0

$0
$0

$0
$0

0
0

$0
$0

$0
$0

$0
$0

$0
$0

Totals for Mesa

7
7

$455,436,000
$455,436,000

$10,771,597
$10,771,597

$364,394,403
$364,394,403

$80,270,000
$80,270,000

Totals for Page

0
0

$0
$0

$0
$0

$0
$0

$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
Revenue

Page

TABLE 45
CITY INDUSTRIAL DEVELOPMENT AUTHORITY FY 2005 BONDED INDEBTEDNESS
CITY
Bond Type

# OF
ISSUES

ORIGINAL
PRINCIPAL

PAID THROUGH
6/30/04

PAID IN FISCAL
YEAR 2005

CURRENT
OUTSTANDING
PRINCIPAL

Payson
0
0

$0
$0

$0
$0

$0
$0

$0
$0

Revenue

93
93

$1,590,508,091
$1,590,508,091

$236,526,744
$236,526,744

$123,239,067
$123,239,067

$1,230,742,280
$1,230,742,280

Revenue

3
3

$16,490,000
$16,490,000

$1,347,456
$1,347,456

$7,567,175
$7,567,175

$7,575,369
$7,575,369

Revenue

9
9

$320,295,000
$320,295,000

$40,037,000
$40,037,000

$23,068,000
$23,068,000

$257,190,000
$257,190,000

Revenue

1
1

$17,580,000
$17,580,000

$110,000
$110,000

$1,335,000
$1,335,000

$16,135,000
$16,135,000

Revenue

2
2

$5,715,000
$5,715,000

$195,000
$195,000

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

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

Revenue

1
1

$9,900,000
$9,900,000

$0
$0

$635,465
$635,465

$9,264,535
$9,264,535

Revenue

5
5

$124,355,000
$124,355,000

$0
$0

$0
$0

$124,355,000
$124,355,000

Revenue

2
2

$13,155,000
$13,155,000

$40,000
$40,000

$95,000
$95,000

$13,020,000
$13,020,000

Revenue
Totals for Tucson

25
25

$375,069,000
$375,069,000

$32,835,287
$32,835,287

$102,109,954
$102,109,954

$240,123,759
$240,123,759

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

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

$225,000
$225,000

$6,415,000
$6,415,000

Revenue

8
8

$227,905,000
$227,905,000

$7,975,000
$7,975,000

$72,337,253
$72,337,253

$147,592,747
$147,592,747

Revenue

187

$3,382,546,227

$359,228,319

$713,321,586

$2,309,996,322

Grand Totals:

187

$3,382,546,227

$359,228,319

$713,321,586

$2,309,996,322

Totals for Payson
Phoenix
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
Tempe
Totals for Tempe
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
2004/05. 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 2004/05, 839 political subdivisions
and state agencies submitted reports.
Reports submitted for this fiscal year
reflected 1,355 lease purchase contracts
with $626.7 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 ESD

1

$2,627

$1,768

Alpine Fire District
Apache County

2
1

$263,264
$85,583

$180,586
$91,869

Bagdad USD

1

$0

$6,890

Chinle USD
Concho Fire District

1
2

$181,042
$262,093

$86,729
$64,992

11

$3,705,500

$662,306

Ganado USD
Puerco Valley Fire District

4
2

$1,049,600
$193,605

$1,320,935
$151,792

Sanders USD
St. Johns

2
1

$51,538
$1,382,042

$67,722
$117,958

Vernon ESD

2

$45,270

$43,419

Window Rock USD

1

$2,253

$42,807

31

$7,224,417

$2,839,773

1
2

$5,751
$6,367

$37,809
$18,355

Benson
Benson USD

10
7

$244,700
$239,810

$143,434
$175,928

Bowie USD

2

$22,394

$93,551

Cochise County
Cochise ESD

4
1

$638,148
$20,210

$246,334
$65,779

Double Adobe ESD

1

$3,172

$1,561

Douglas
Douglas USD

6
2

$787,331
$58,857

$694,119
$83,689

Fry Fire District

1

$286,091

$28,692

Huachuca City
Naco Sanitary District

3
1

$343,457
$155,000

$315,772
$45,000

Palominas Fire District

2

$119,409

$227,615

PBW Fire District
Pearce ESD

1
1

$8,930
$43,697

$16,070
$29,195

San Jose Fire District
San Simon USD

1
2

$18,477
$24,334

$14,283
$91,373

Sierra Vista

11

$5,708,431

$9,955,524

Sierra Vista USD

11

$289,337

$697,113

Eagar

Totals for Apache
Cochise
Apache ESD
Ash Creek ESD

TABLE 46
LEASE PURCHASE CONTRACTS BY COUNTY
County

Name of District

Number of Contract

Amount Outstanding

Amount Retired

St. David Fire District

2

$6,639

$74,361

Tombstone

1

$104,597

$62,403

Valley UHSD
Whetstone Fire District

1
1

$71,360
$271,365

$25,514
$78,635

Willcox

2

$0

$24,420

Willcox USD

1

$35,837

$17,919

78

$9,513,701

$13,264,447

3

$523,195

$200,279

Coconino County

1

$0

$201,649

Flagstaff
Forest Lakes Domestic Water Improvement

3
1

$13,991,020
$131,769

$374,176
$39,931

Grand Canyon USD

2

$43,811

$117,771

Highlands Fire District
Kaibab Estates West Fire District

2
1

$338,319
$23,097

$256,681
$36,903

Maine Consolidated ESD

3

$52,629

$119,012

Mormon Lake Fire District
Page

1
14

$62,539
$532,885

$26,979
$93,233

Page USD
Parks-Bellemont Fire District

19
6

$457,422
$982,141

$456,238
$269,944

6

$4,007,758

$1,290,591

8
18

$390,864
$115,072

$969,850
$0

Williams

3

$947,237

$173,753

Williams USD

6

$142,582

$119,440

97

$22,742,339

$4,746,430

3

$50,000

$52,753

Totals for Cochise
Coconino
Blue Ridge Fire District

Pinewood Sanitary District
Summit Fire District
Tuba City USD

Totals for Coconino
Gila
Beaver Valley Fire District
Christopher-Kohls Fire District

3

$72,104

$137,965

Gila County
Gisela Valley Fire District

7
1

$864,220
$11,307

$2,095,126
$11,193

Globe

1

$58,341

$206,893

Globe USD
Hayden-Winkelman USD

4
3

$493,947
$21,719

$135,678
$44,614

Houston Mesa Fire District

1

$95,699

$38,279

Miami

2

$6,487

$12,573

TABLE 46
LEASE PURCHASE CONTRACTS BY COUNTY
County

Name of District

Number of Contract

Amount Outstanding

Amount Retired

Miami USD

5

$39,674

$186,328

Payson

3

$284,396

$223,381

Payson USD
Pine Strawberry ESD

5
2

$2,300,901
$46,571

$438,597
$12,619

Pine Strawberry Fire District

3

$266,900

$248,510

Tonto Basin USD
Tri-City Fire District

2
1

$56,741
$0

$32,722
$39,035

Whispering Pines Fire District

3

$147,402

$59,548

Winkelman

1

$4,313

$0

50

$4,820,721

$3,975,814

2

$28,536

$34,912

Ft. Thomas USD

1

$15,238

$50,922

Graham County
Pima

2
5

$10,840
$126,766

$9,157
$209,467

Pima USD

1

$0

$104,420

Safford

5

$957,629

$38,210

16

$1,139,009

$447,089

9

$797,297

$803,639

9

$797,297

$803,639

Bicentennial UHSD

2

$18,127

$27,190

Bouse ESD
Buckskin Fire District

2
1

$8,764
$0

$72,575
$184,694

Ehrenberg Fire District

1

$57,759

$18,117

La Paz County
McMullen Valley Fire District

6
2

$294,416
$270,051

$85,742
$56,677

Parker

2

$46,127

$32,117

Parker Fire District
Quartzsite

1
6

$193,370
$164,678

$17,578
$120,323

Quartzsite ESD

1

$57,863

$39,838

24

$1,111,154

$654,851

1

$801,832

$0

Totals for Gila
Graham
Bonita ESD

Totals for Graham
Greenlee
Greenlee County
Totals for Greenlee
La Paz

Totals for La Paz
Maricopa
Agua Fria UHSD

TABLE 46
LEASE PURCHASE CONTRACTS BY COUNTY
County

Name of District

Number of Contract

Amount Outstanding

Amount Retired

Alhambra ESD

3

$525,540

$1,062,306

Arlington USD

2

$17,667

$32,845

Avondale
Avondale ESD

7
13

$2,507,621
$255,521

$1,662,107
$146,145

3

$671,359

$2,706,944

Buckeye
Buckeye ESD

15
2

$2,046,336
$23,583

$1,335,639
$32,369

Buckeye UHSD

14

$186,607

$134,074

Cartwright ESD
Cave Creek

2
2

$985,000
$0

$3,249,000
$128,080

Cave Creek USD
Chandler

4
4

$553,530
$2,439,838

$614,950
$1,809,244

Chandler USD

1

$0

$1,148,584

Circle City/Morristown Fire District
Creighton ESD

1
2

$120,041
$80,587

$129,959
$802,669

Daisy Mountain Fire District

8

$1,582,203

$510,084

3
13

$2,752,990
$3,290,630

$1,241,757
$2,239,253

4

$14,736

$526,954

Gila Bend USD
Gilbert USD

2
12

$0
$6,941,036

$145,267
$4,760,117

Glendale

19

$24,415,422

$26,986,552

Glendale ESD
Glendale UHSD

3
7

$91,444
$2,289,976

$87,743
$2,459,572

Guadalupe
Harquahala Valley Fire District

5
1

$417,233
$368,000

$220,956
$72,000

Higley ESD

1

$0

$598,082

Kyrene ESD
Laveen ESD

1
2

$74,583
$41,215

$51,677
$38,891

Littleton ESD

7

$494,518

$292,636

5
24

$241,590
$14,366,353

$914,662
$13,526,741

Maricopa County Community College

6

$718,924

$198,018

Maricopa County Regional Schools
Maricopa USD

4
2

$65,011
$184,077

$49,175
$217,815

11

$20,084,281

$7,727,216

4

$83,977

$590,772

Balsz ESD

Deer Valley USD
Dysart USD
El Mirage

Madison ESD
Maricopa County

Mesa
Mesa USD

TABLE 46
LEASE PURCHASE CONTRACTS BY COUNTY
County

Name of District

Number of Contract

Amount Outstanding

Amount Retired

Morristown ESD

1

$0

$74,102

Murphy ESD

9

$94,731

$531,800

Nadaburg ESD
Osborn ESD

2
2

$69,324
$391,270

$112,180
$794,728

Paradise Valley

4

$610,921

$1,234,637

Paradise Valley USD
Pendergast ESD

2
8

$629,461
$2,260,635

$361,023
$1,478,112

Peoria

4

$516,011

$427,385

11
1

$927,959
$0

$2,713,883
$277,535

Phoenix ESD
Queen Creek

3
9

$237,397
$57,128,407

$532,484
$2,875,807

Roosevelt ESD

1

$332,013

$221,896

Roosevelt Irrigation District
Saddle Mountain USD

2
2

$0
$61,601

$2,603,548
$467,933

Scottsdale USD

6

$1,191,241

$1,813,142

Sun City Fire District
Sun City West Fire District

1
3

$1,302,626
$4,056,431

$397,374
$383,435

Sun Health Corporation

2

$8,953,742

$1,046,258

13
1

$7,064,113
$643,130

$2,469,271
$1,394,024

Tolleson

2

$26,311

$209,032

Tolleson ESD
Tonopah Fire District

2
2

$0
$429,739

$178,268
$47,259

Union ESD
Washington ESD

3
1

$55,604
$1,310,229

$41,114
$4,442,833

Wickenburg

3

$74,786

$409,829

Wickenburg USD
Wilson ESD

5
1

$92,354
$0

$381,557
$44,131

Youngtown

2

$55,390

$29,451

328

$178,248,689

$106,444,888

Beaver Dam/Littlefield Fire District
Bullhead City

1
8

$0
$2,417,175

$154,000
$2,814,937

Bullhead City Fire District

4

$1,097,840

$843,496

Colorado City

9

$353,981

$822,282

Peoria USD
Phoenix

Tempe
Tempe ESD

Totals for Maricopa
Mohave

TABLE 46
LEASE PURCHASE CONTRACTS BY COUNTY
County

Name of District

Number of Contract

Amount Outstanding

Amount Retired

Colorado City Fire District

2

$103,649

$75,908

Colorado City USD

4

$587,074

$846,994

Fort Mojave Mesa Fire District
Golden Shores Fire District

1
4

$875,420
$133,948

$324,580
$180,408

Hackberry ESD

1

$1,943

$6,449

Havasu Heights Domestic Water Improvemen
Hualapai Valley Fire District

1
3

$294,173
$682,693

$235,527
$616,699

Kingman USD

7

$982,272

$3,574,833

25
3

$3,114,419
$401,627

$597,000
$302,498

Lake Mohave Ranchos Fire District
Littlefield ESD

1
1

$25,352
$24,214

$49,459
$75,206

Mohave County Community College

7

$369,221

$362,321

Mohave Valley ESD #16
Pine Lake Fire District

2
1

$25,123
$70,472

$38,446
$4,528

Pinion Pine Fire District

1

$49,063

$15,927

So Hi Water District
Topock ESD

1
2

$332,614
$83,096

$312,386
$16,317

Valentine ESD

1

$21,054

$17,192

Valle Vista Fire District
Yucca Fire District

1
1

$0
$0

$190,232
$94,639

92

$12,046,423

$12,572,263

Blue Ridge USD

5

$1,172,415

$911,404

Cedar USD
Clay Springs/Pinedale Fire District

5
1

$39,226
$129,248

$69,017
$20,752

Heber-Overgaard USD

1

$67,170

$35,167

Holbrook
Joseph City Fire District

5
1

$122,320
$34,179

$472,742
$115,821

Joseph City USD

2

$78,728

$107,746

24
2

$299,692
$266,026

$155,808
$159,494

Navajo Community College
Navajo County

1
1

$191,951
$59,572

$109,035
$3,514

Navapache Hospital District

1

$0

$1,097,583

Pinetop Volunteer Fire District

2

$1,186,040

$1,200,000

Lake Havasu City
Lake Havasu USD

Totals for Mohave
Navajo

Kayenta USD
Linden Fire District

TABLE 46
LEASE PURCHASE CONTRACTS BY COUNTY
County

Name of District

Number of Contract

Amount Outstanding

Amount Retired

Pinetop-Lakeside

4

$1,834,588

$604,790

Pinetop-Lakeside Sanitary District

2

$444,456

$543,406

Pinon USD
Show Low

3
5

$3,529,850
$404,471

$890,150
$134,346

Show Low USD

3

$955,019

$1,029,353

Snowflake
Snowflake USD

1
1

$2,750,512
$17,232

$249,488
$9,885

Taylor

4

$246,071

$478,929

Whiteriver USD
Winslow

2
9

$11,871
$1,446,695

$31,792
$853,180

Winslow USD

1

$0

$416,403

86

$15,287,332

$9,699,805

Amphitheater USD
Avra Valley Fire District

6
5

$851,368
$342,026

$1,169,317
$291,077

Catalina Foothills USD

10

$166,131

$127,921

Continental ESD
Drexel Heights Fire District

2
2

$88,060
$52,383

$85,153
$497,617

Flowing Wells USD
Golder Ranch Fire District

1
3

$256,103
$254,616

$93,201
$535,373

Green Valley Fire District

4

$707,503

$697,677

Indian Oasis-Baboquivari USD
Metropolitan Domestic Water Improvement Di

4
7

$399,334
$1,765,245

$249,192
$1,012,724

Mount Lemmon Fire District

2

$221,240

$110,000

Northwest Fire District
Picture Rocks Fire District

5
2

$3,645,224
$0

$7,728,501
$241,640

Pima County

3

$91,194

$676,580

Pima County Community College
Pima County Stadium District

1
2

$4,900,000
$30,085,000

$185,000
$2,315,000

Rincon Valley Fire District

4

$689,776

$139,274

Sahuarita USD
Sunnyside USD

4
1

$788,373
$330,965

$815,822
$165,482

1
37

$600,000
$17,535,693

$1,400,000
$8,280,240

Totals for Navajo
Pima

Three Points Fire District
Tucson
Tucson Airport Authority
Tucson USD

2

$184,988

$3,375,999

12

$3,929,654

$7,505,144

TABLE 46
LEASE PURCHASE CONTRACTS BY COUNTY
County

Name of District

Number of Contract

Vail ESD

Amount Outstanding

Amount Retired

2

$1,961,242

$466,220

122

$69,846,117

$38,164,155

2

$6,012

$230,289

Apache Junction Fire District
Apache Junction USD

2
2

$4,205,663
$945,108

$294,337
$520,768

Arizona City Fire District

2

$1,328,549

$37,472

Arizona City Sanitary District
Casa Grande

1
9

$7,865,828
$28,372,033

$336,204
$4,921,673

Casa Grande ESD

1

$0

$28,800

Casa Grande UHSD
Central Arizona College

5
2

$30,597
$12,075,000

$196,296
$13,355,000

Combs ESD

3

$69,049

$130,334

Coolidge
Coolidge USD

8
6

$1,498,718
$814,315

$1,188,706
$752,413

12

$2,668,381

$982,654

5
5

$125,771
$965,247

$253,837
$698,797

12
1

$1,068,300
$0

$662,191
$13,219

Mammoth Fire District

1

$10,614

$12,751

Maricopa
Mary C O'Brien Accom Dist

1
2

$5,261
$48,578

$634
$134,412

Oracle ESD

1

$70,096

$18,932

Oracle Fire District
Picacho ESD

2
1

$244,491
$54,736

$38,509
$17,432

Totals for Pima
Pinal
Apache Junction

Eloy
Eloy ESD
Florence
Florence USD
Kearny

18

$4,719,114

$1,773,841

Queen Valley Domestic Water Improvement D
Queen Valley Fire District

1
1

$57,204
$66,942

$23,546
$93,491

Queen Valley Sanitary District

2

$20,511

$22,592

Santa Cruz Valley UHSD
Stanfield ESD

7
3

$178,248
$272,867

$198,742
$176,477

Superior
Thunderbird Irrigation District #2

1
1

$1,446
$47,000

$7,849
$0

120

$67,835,680

$27,122,197

Pinal County

Totals for Pinal

TABLE 46
LEASE PURCHASE CONTRACTS BY COUNTY
County

Name of District

Number of Contract

Amount Outstanding

Amount Retired

Santa Cruz
Nogales
Nogales Suburban Fire District
Patagonia

10

$1,022,605

$928,733

2
1

$225,142
$12,123

$206,358
$418

4

$1,376,927

$105,860

10
1

$1,420,256
$38,899

$2,066,504
$80,766

Santa Cruz Valley USD

3

$191,758

$205,632

Tubac Fire District

3

$511,476

$320,724

34

$4,799,186

$3,914,995

17

$7,276,205

$3,363,111

Arizona Tourism and Sports Authority

1

$19,555

$25,591

Board of Nursing
Court of Appeals Div 1

1
3

$139,802
$65,590

$55,040
$31,592

Department of Administration

2

$114,050,000

$3,600,000

Department of Corrections
Department of Economic Security

2
8

$3,980,000
$5,952,390

$606,080
$1,932,129

Department of Public Safety
Department of Revenue

4
1

$2,053,949
$0

$2,267,436
$327,963

12

$5,909,829

$7,245,329

Game and Fish Department
Legislative Council

1
3

$74,713
$896,209

$0
$337,505

Northern Arizona University

4

$15,243,794

$2,447,260

School for the Deaf and Blind
Supreme Court

1
13

$582,338
$363,485

$0
$3,598,582

University of Arizona

41

$40,664,952

$20,028,951

114

$197,272,812

$45,866,569

Ash Fork Fire District
Ash Fork USD

1
2

$33,035
$329,698

$50,355
$258,157

Beaver Creek ESD

5

$59,860

$86,948

Black Canyon Fire District
Camp Verde Fire District

1
5

$0
$556,471

$101,595
$190,348

Camp Verde Sanitary District

2

$1,200,000

$0

Canon ESD

1

$283,867

$53,563

Rio Rico Fire District
Santa Cruz County
Santa Cruz County Flood Control District

Totals for Santa Cruz
State
Arizona State University

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

Central Yavapai Fire District

3

$0

$1,533,492

Chino Valley

4

$144,849

$503,632

Chino Valley Fire District
Chino Valley USD

3
8

$962,830
$289,301

$298,339
$321,342

Clarkdale

1

$42,867

$101,301

Clarkdale-Jerome ESD
Congress ESD

2
2

$22,048
$17,564

$7,177
$41,527

Congress Fire District

1

$80,052

$98,825

Cottonwood
Cottonwood-Oak Creek ESD

1
4

$176,433
$94,703

$363,567
$62,491

Crown King Fire District
Groom Creek Fire District

1
1

$14,000
$250,000

$46,700
$0

Humboldt USD

2

$0

$80,004

Jerome
Mayer USD

3
2

$35,833
$66,365

$269,959
$79,435

Mingus UHSD

6

$131,258

$306,265

Prescott
Prescott USD

10
3

$4,659,812
$2,779,092

$2,326,357
$540,586

Yarnell Fire District

1

$10,152

$48,112

Yavapai County
Yavapai County Community College

3
8

$791,367
$826,834

$2,588,710
$1,396,901

Yavapai County IDA

1

$482,339

$632,443

87

$14,340,629

$12,388,131

1
2

$0
$249,303

$6,382
$250,360

Totals for Yavapai
Yuma
Antelope UHSD
Gadsden ESD

3

$80,626

$95,946

20
7

$5,629,958
$5,896,313

$849,752
$1,252,803

Somerton ESD

2

$202,103

$249,137

Wellton
Wellton USD

8
3

$812,108
$64,779

$242,430
$83,813

Yuma County
Yuma ESD

5
11

$631,052
$5,608,375

$503,624
$2,588,706

Yuma UHSD

5

$535,192

$2,070,051

67

$19,709,809

$8,193,005

Mohawk Valley ESD
San Luis
Somerton

Totals for Yuma

TABLE 46
LEASE PURCHASE CONTRACTS BY COUNTY
County

Name of District

Number of Contract

Grand Totals:

Amount Outstanding

1,355

Return to Table of Contents

$626,735,318

Amount Retired
$291,098,051

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
White Mountain Communities Special Health Care Dis
Cochise
Babocomari Fire District
Bisbee USD
Bowie Light District
Carmel Light District
Cochise County Community College District
Cochise County Flood Control District
Cochise County Library District
Elfrida ESD
Elfrida Fire District
Forrest ESD
Fort Huachuca Accomodation Schools
Golden Acres Light District
McNeal ESD
Naco ESD
Naco Lighting District
Northern Cochise County Hospital District
Palominas ESD
Pirtleville Fire District
Pirtleville Light District
Pomerene Domestic Water Improvement District
Pomerene ESD
Pomerene Fire District

TABLE 47
JURISDICTIONS REPORTING ZERO LEASE PURCHASE CONTRACTS
County

Name of District
Rucker ESD
San Pedro Valley Hospital District
St. David Flood Control District
St. David Irrigation District
St. David USD
Sunnyside Fire District
Sunsites Light District
Sunsites-Pearce Fire District
Tombstone USD

Coconino
Buckboard Trail
Chevelon Butte ESD
Coconino County Community College District
Coconino County Flood Control District
Coconino County Jail District
Coconino County Library District
Flagstaff Ranch Fire District
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
Kiowa-Comanche County Improvement District
Linda Lane Road Improvement District
Mount Elden Lookout Road Fire District
Northside Sewer Improvement District
Oakwood Pines
Page Hospital District
Pawnee County Improvement District
Pine Del Fire District
Pinewood Fire District
Pinon County Improvement District
Rio-Arroyo
Rodeo Drive
Rudd Tank Road Improvement District

TABLE 47
JURISDICTIONS REPORTING ZERO LEASE PURCHASE CONTRACTS
County

Name of District
Sherwood Forest Estates Fire District
Shoshone County Improvement District
South Grand Canyon Sanitary District
Toho Tolani
Tonowanda County Improvement District
Westwood Estates Fire District
Williams Facilities District
Williams Hospital District
Woods Fire District

Gila
Canyon Fire District
Canyon Water District
Gila County Library District
Hayden
Mesa Del Sanitary District
Northern Gila County Sanitary District
Payson North Sanitary District
Rim Trail Water #1
Rim Trail Water #2
Round Valley-Oxbow Fire District
San Carlos USD
Young ESD
Graham
Eastern Arizona College
Gila Valley Irrigation District
Graham County Flood Control District
Klondyke ESD
Pima Rural Fire District
Safford Rural Fire District
Safford USD
Solomon ESD
Thatcher
Thatcher USD
Greenlee
Blue ESD
Clifton
Clifton USD
Duncan
Duncan Rural Fire District

TABLE 47
JURISDICTIONS REPORTING ZERO LEASE PURCHASE CONTRACTS
County

Name of District
Duncan USD
Eagle ESD
Morenci USD

La Paz
Cibola Valley Irrigation District
La Paz County Hospital District
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
#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
Adaman Irrigation Water Delivery District
Agua Fria Ranch Community Facilities District
Aguila ESD
Aguila Fire District
Aguila Irrigation District

TABLE 47
JURISDICTIONS REPORTING ZERO LEASE PURCHASE CONTRACTS
County

Name of District
Arizona Utilities Community Facilities District
AZ 9-5 Housing
AZ 9-6 Housing
AZ 9-7 Housing
AZ 9-9 Housing
Buckeye Valley Fire District
Buckeye Water Conservation & Drainage District
Carefree
Centerra Community Facilities District
Chandler Heights Citrus Irrigation District
Citrus Gardens Irrigation Water Delivery District
Cortina Community Facilities District
Cottonflower Community Facilities 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
Fowler USD
Gila Bend
Gilbert
Goodyear
Goodyear Community Facilities General District
Goodyear Community Facilities Utility District
Groves of Hermosa Vista IWDD
Harquahala Valley Power District
Hospital District #1 of Maricopa County
Isaac USD
Laveen Fire Dstrict
Liberty ESD
Litchfield ESD
Litchfield Park
Madison Park Irrigation Water Delivery District
Maricopa County Municipal Water Conservation Distr
Maricopa County Stadium District

TABLE 47
JURISDICTIONS REPORTING ZERO LEASE PURCHASE CONTRACTS
County

Name of District
Maricopa County Street Lighting Improvement Distri
McDowell Homes IWDD #7
McDowell Mountain Ranch Community Facilities Distr
McMicken Irrigation District
Miller Road Improvement District
Mobile ESD
Myrtle Park Irrigation Water Delivery District
Ocotillo Water Conservation District
Palo Verde ESD
Paloma 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
Queen Creek USD
Rancho Grande Landerwood IWDD
Rancho Jardines Irrigation Water & Delivery Dist
Rio Verde Fire District
Riverside ESD
Roosevelt Water Conservation District
San Tan Irrigation District
Scottsdale
Scottsdale Mountain Community Facilities District
Sentinel ESD
Sundance Community Facilities District
Surprise
Tatum Ranch Community Facilities District
Tempe Improvement Districts
Tempe UHSD
Thoroughbred Farms IWDD #43
Tolleson UHSD
Tonopah Irrigation District

TABLE 47
JURISDICTIONS REPORTING ZERO LEASE PURCHASE CONTRACTS
County

Name of District
Tres Palmas Irrigation Water Delivery District
Turney Tract Irrigation Water Delivery District
Verrado Community Facilities District
Via Linda Road Community Facilities District
Vistancia Community Facilities District
Western Meadows Irrigation District
Westpark Community Facilities District
Whitcombs Roundup Ranchos IWDD #42
Wickenburg Rural Fire District
Wildflower Ranch Community Facilities District
Woodlea Irrigation Water Delivery District
Woolsey Flood Protection District

Mohave
Bullhead City ESD
Bullhead City Pest Abatement District
Bullhead City Sewer Improvement District
Butler Road Improvement District
Cerbat Ranch
Crystal Beach Water Conservation District
Desert Hills Fire District
Golden Shores Water Conservation District
Golden Valley Fire District
Golden Valley Improvement District
Grapevine Mesa Fire District
Holiday Lighting District
Horizon Six
Hospital District #1 of Mohave County
Kingman
Lake Havasu City Improvement District
Lake Havasu Irrigation & Drainage District
Lake Havasu Sanitary District
Moccasin Domestic Water District
Mohave County
Mohave County Flood Control District
Mohave County Improvement District #126
Mohave County Library District
Mohave County Television Improvement District
Mohave Valley Irrigation & Drainage District
Mohave Water Conservation District

TABLE 47
JURISDICTIONS REPORTING ZERO LEASE PURCHASE CONTRACTS
County

Name of District
Owens ESD
Peach Springs USD
Rainbow Acres
Rancho Verde
Scenic Improvement 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 Sanitary District
Hiawatha Trail Improvement District
High Country Pines
Holbrook USD
Homestead Road
Joseph City Sanitary District
Joseph City Water District
Lakeside Fire District
Little Colorado Flood Control District
Madison Lane Circle
Misty Mountain
Mogollon Air Park
Moon Creek Circle
Mountain Homes Unit II
Mule Deer Way
Navajo County Flood Control District
Navajo County Library District
Palomino Drive
Pine Meadows Country Club Improvement District
Porter Creek Domestic Water
Porter Mountain Domestic Water Improvement Distric
Shoreline Drive CRID
Show Low Improvement District #5

TABLE 47
JURISDICTIONS REPORTING ZERO LEASE PURCHASE CONTRACTS
County

Name of District
Show Low Improvement District #6
Silver Creek County Road
Silver Creek Flood Control District
Sky High Domestic Water
Soaring Eagle CRID
Sweeping Vista
Timberlake Pines CRID
Timberland Acres Special Road District
White Mountain Lake Special Road District
White Mountain Summer Home
Wild Cat Way
Wild Horse Road No. 1
Woodruff Fire District
Woodruff Irrigation District

Other
Pioneer's Home
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
Gladden Farms Community Facilities District
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 Flood Control District

TABLE 47
JURISDICTIONS REPORTING ZERO LEASE PURCHASE CONTRACTS
County

Name of District
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
Silverbell Irrigation & Drainage District
South Tucson
Tanque Verde ESD
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
Central Arizona Irrigation & Drainage District
Cottonwood Gardens Lighting District
Desert Vista Lighting District
Desert Vista Sanitary District
Electrical District #2
Electrical District #4
Electrical District #5
Florence Flood Control District
Grand Buttes Fire District
Hohokam Irrigation & Drainage District
Ironwood Manor Lighting District
Magma Flood Control District
Mammoth
Mammoth-San Manuel USD
Maricopa Domestic Water Improvement District
Maricopa Road Improvement District
Maricopa Rural Road Improvement District
Maricopa-Stanfield Irrigation

TABLE 47
JURISDICTIONS REPORTING ZERO LEASE PURCHASE CONTRACTS
County

Name of District
Midway Flood Control District
Mission Royale Community Facilities District
New Magma Irrigation & Drainage District
New Saddleback Vista Domestic Water Impr District
Papago Butte Domestic Water Improvement District
Papago Butte Irrigation Water Delivery District
Pinal County Flood Control District
Pinal County Library District
Pinal Sanitary District
Queen Creek Domestic Water Improvement District
Ray USD
Red Rock ESD
Sacaton ESD
San Carlos Irrigation & Drainage District
Seven Ranches Domestic Water Improvement District
Skyline Domestic Water Improvement District
Stanfield Flood Control District
Superior USD
Superstition Lighting District
Thunderbird Farms Improvement District
Thunderbird Irrigation District #1
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 ESD
Sonoita ESD
State
Arizona Lottery
Arizona Medical Board
Arizona Research Park Authority
Board of Acupuncture
Board of Executive Clemency
Board of Massage Therapy
Board of Occupational Therapy Examiners

TABLE 47
JURISDICTIONS REPORTING ZERO LEASE PURCHASE CONTRACTS
County

Name of District
Board of Pharmacy
Board of Regents
Board of Respiratory Care Examiners
Commission on the Arts
Cooperative Extension Service
Cosmetology Board
Court of Appeals Div II
Department of Agriculture
Department of Building and Fire Safety
Department of Commerce
Department of Education
Department of Health Services
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
Geological Survey
Governor's Office of Equal Opportunity
Law Enforcement Merit System Council
Navigable Stream Adjudication Commission
Office of the Attorney General
Office of the Auditor General
Office of the Governor
Office of Tourism
Osteopathic Board
Radiation Regulatory Agency
Secretary of State
State Mine Inspector
State Retirement System

Yavapai
Ash Fork Street Lighting District
Big Park #1979
Camp Verde
Camp Verde USD
Central Yavapai Hospital District
Champie ESD
Chino Valley Irrigation District

TABLE 47
JURISDICTIONS REPORTING ZERO LEASE PURCHASE CONTRACTS
County

Name of District
Congress Domestic Water Improvement District
Coyote Springs Road Improvement District
Creekside Sanitary District
Crown King ESD
Dewey-Humboldt
Diamond Valley Road Improvement District
Eastridge Community Facilities District
Granite Gardens Sanitary District
Hassayampa Community Facilities 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
Prescott East Sanitary District
Prescott Valley
Prescott Valley Water District
Pronghorn Ranch Community Facilities District
Quailwood Meadows Community Facilities District
Raven Ridge Community Facilities District
Sedona
Sedona-Oak Creek USD
Seligman Fire District
Seligman Sanitary District
Seligman Street Lighting District
Seligman USD
Skull Valley ESD
Stoneridge Community Facilities District
Sunup Ranch Road Improvement 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

TABLE 47
JURISDICTIONS REPORTING ZERO LEASE PURCHASE CONTRACTS
County

Name of District

Yuma
Arizona Western College
Del Sur Estate Improvement District
Donovan Estates Improvement District
El Prado Estates Improvement District
Gadsden Townsite Improvement District
Gila Valley Anti-Noxious Weed District
Hyder ESD
Hyder Valley Irrigation Water Delivery District
Improvement District #67
North Gila Valley Irrigation District
Unit B Irrigation & Drainage District
Wellton-Mohawk Anti-Noxious Weed District
Wellton-Mohawk Irrigation & Drainage District
Yuma
Yuma County Citrus Pest Control District
Yuma County Hospital District #1
Yuma County Improvement District
Yuma County Jail District
Yuma County Library District
Yuma County Pest Abatement District
Yuma Irrigation District
Yuma-Mesa Irrigation & Drainage District

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SECTION FIVE

NON REPORTING POLITICAL SUBDIVISIONS

TABLE 48
JURISDICTIONS WHO FAILED TO SUBMIT BOND REPORTS
Jurisdiction

Name

Previously Reported Bonds

Agency
Arizona House of Representatives

No

Arizona State Senate

No

Board of Barbers

No

Commission of Indian Affairs

No

Commission of Postsecondary Education

No

Department of Administration

Yes

Department of Housing

No

Industrial Commission

No

City IDA
Glendale IDA

Yes

Peoria IDA

Yes

San Luis IDA

Yes

Pinal County IDA

Yes

Yuma County IDA

Yes

Arizona Landfill Corporation

Yes

Northern Arizona Capital Facilities Finance Cor

Yes

American Ranch Domestic Water Improvement

No

American Ranch Sanitary District

No

Berridge Manor IWDD #38

No

Big Park Domestic Water Improvement District

No

Black Canyon City Water Improvement District

No

Bowie Fire District

No

County IDA

Other

Special District

Buckskin Sanitary District

Yes

Central/Jackson Heights Fire District

No

Chloride Fire District

No

Cuatro Palmas IWDD #26

No

Diamond Star Fire District

No

Dudleyville Fire District

No

East Verde Park Fire District

No

Eloy Fire District

No

Fort Thomas Fire District

No

Green Valley Domestic Water Improvement Dist
Greenhaven Fire District

Yes
No

TABLE 48
JURISDICTIONS WHO FAILED TO SUBMIT BOND REPORTS
Jurisdiction

Name

Previously Reported Bonds

Greer Fire District

No

Groves at Superstition Ranch #40

No

Harquahala Valley Fire District

No

Harquahala Valley Irrigation District

No

Heber-Overgaard Fire District

No

High Valley Ranch Domestic Wastewater Impr

No

Hillander C Irrigation District

No

Hoffman Terrace IWDD #3

No

I.C.R. Sanitary District

No

Junipine Fire District

No

Lamar Irrigation Water Delivery District

No

Los Olivos #1

No

Maricopa Flood Control District

No

Mayer Domestic Water Improvement District

No

Mayer Fire District

No

Mesa del Caballo Fire District

No

Mohave Valley Fire District

No

Montezuma-Rim Rock Fire District

No

Naco Fire District

No

Oatman Fire District

No

Oracle Sanitary District

No

Peoria Municipal Development Authority

No

Pinedale Domestic Water Improvement District

No

Pleasant Valley Fire District

No

Quail Ridge Domestic Water Improvement Distri

No

Quartzsite Fire District

No

Queen Creek Irrigation District #32

No

Rancho Solano Improvement District

No

Rose Lane IWDD #28

No

Salome Fire District

No

Sedona Fire District

No

Show Low Fire District

No

Southland Unit I & II IWDD

No

Stanfield Fire District

No

Sun Lakes Fire District

No

Sun Valley Fire District

No

Sunburst Farms IWDD

No

TABLE 48
JURISDICTIONS WHO FAILED TO SUBMIT BOND REPORTS
Jurisdiction

Name

Previously Reported Bonds

Tonto Basin Fire District

No

Tonto Village Fire District

No

Topock/Golden Shores Sanitary District

No

Tusayan Fire District

No

Verde Valley Fire District

No

Vernon Domestic Water Improvement District

No

Village at Litchfield Park Community Fac Dist

Yes

White Mountain Lakes Fire District

No

Wittman Fire District

No

Yuma County Airport Authority

No

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TABLE 49
JURISDICTIONS WHO FAILED TO SUBMIT LEASE PURCHASE REPORTS
Jurisdiction

Name

Previously Reported Lease Purchase Contracts

School District
Red Mesa USD

Yes

Special District
America Ranch Sanitary District

No

American Ranch Domestic Water Improvement

No

Berridge Manor IWDD #38

No

Big Park Domestic Water Improvement District

No

Black Canyon City Water Improvement District

Yes

Bowie Fire District

No

Buckskin Sanitary District

No

Camp Verde Sanitary District

Yes

Central Jackson Heights Fire District

No

Chloride Fire District

No

Cuatro Palmas IWDD #26

No

Diamond Star Fire District

Yes

Dudleyville Fire District

No

East Verde Park Fire District

No

Eloy Fire District

Yes

Fort Thomas Fire District

No

Franklin Irrigation District

No

Green Valley Domestic Water Improvement Dist

No

Greenhaven Fire District

No

Greer Fire District
Groves at Superstition Ranch #40
Harquahala Valley Fire District

Yes
No
Yes

Harquahala Valley Irrigation District

No

Heber-Overgaard Fire District

No

High Valley Ranch Domestic Water Impr Dist

No

Hillander C Irrigation District

No

Hoffman Terrace IWDD #3

No

I.C.R. Sanitary District

No

Junipine Fire District

Yes

Lamar Irrigation Water Delivery District

No

Los Olivos #1

No

Maricopa Fire District
Maricopa Flood Control District
Mayer Domestic Water Improvement District

Yes
No
Yes

TABLE 49
JURISDICTIONS WHO FAILED TO SUBMIT LEASE PURCHASE REPORTS
Jurisdiction

Name

Previously Reported Lease Purchase Contracts

Mayer Fire District

Yes

Mesa del Caballo Fire District

Yes

Mohave Valley Fire District

No

Montezuma-Rim Rock Fire District

Yes

Mount Graham Hospital District

Yes

Naco Fire District

Yes

Oatman Fire District

Yes

Oracle Sanitary District

Yes

Peoria Municipal Development Authority

No

Pinedale Domestic Water Improvement District

No

Pleasant Valley Fire District

No

Ponderosa Park Domestic Water Improvement

No

Quail Ridge Domestic Water Improvement Distri

No

Quartzsite Fire District

Yes

Queen Creek Irrigation & Drainage District

No

Rancho Solano Improvement District

No

Rose Lane IWDD #28

No

Salome Fire District

Yes

Santa Cruz County Flood Control District

Yes

Sedona Fire District

Yes

Show Low Fire District

Yes

Southland Unit I & II IWDD

No

Stanfield Fire District

No

Sun Lakes Fire District

Yes

Sun Valley Fire District

Yes

Sunburst Farms Irrigation District

No

Tonto Basin Fire District

Yes

Tonto Village Fire District

No

Topock/Golden Shores Sanitary District

No

Tusayan Fire District

Yes

Verde Valley Fire District

No

Vernon Domestic Water Improvement District

No

Village at Litchfield Park Community Fac District

No

White Mountain Lake Fire District

No

Wittman Fire District
Yuma County Airport Authority

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Yes
No