FY 2015/16 REPORT OF
LONG TERM DEBT

Jeff DeWit
State Treasurer
December 2016

EXECUTIVE SUMMARY
A family of four in Arizona owes an average $25,003 in state and local debt
according to the FY 2016 Long Term Debt report by the Arizona State
Treasurer’s Office. Total debt as reported by state agencies, universities, special
districts and other political subdivisions was $42.24 billion at the close of June
30, 2016. To date, Arizona residents have paid $13.5 billion in interest on
that debt, or $1,992 per person.
Throughout FY 2015/16, $4.3 billion in new debt was reported by Arizona
political subdivisions. Of this amount, $1.9 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.
PERCENT OF NEW DEBT (INCLUDING NEW REFUNDING BONDS) BY COUNTY

APA
0.0%

COC
0.08%

MOH
5%

STATE
AGENCIES/
OTHER
26%

NAV
0.5%

YAV
1.7%
LAP
0.04%

GLA
0.3%
MAR
49%

GRN
0.0%
PNL
2.8%

YMA
5.5%
PMA
6.7%

GRA
0.6%

COH
0.5%

STC
0.4%

According to reports submitted, all Arizona political subdivisions were within their
constitutional debt limit at the time the bonds were issued. The debt capacity for all

Executive Summary

political subdivisions reporting general obligation debt during the fiscal year (regardless
of the debt limit percentage set by the Arizona Constitution) was $37.9 billion. The total
amount outstanding was $10.4 billion.
The change in the level of bonded indebtedness between years can be due to better
reporting on behalf of the 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.
As of June 30, 2016, political subdivisions reported outstanding long term debt of
$42.24 billion, a slight decrease from $42.6 billion reported for FY 2015. In FY
2015/16, the office received reports from 946 separate entities. Detail of the
outstanding long term debt reported by political subdivisions can be found in Section
One.

Long term debt consists of general obligation bonds, revenue bonds, municipal
property corporation bonds, certificates of participation, impact aid revenue bonds,
special assessment or special district bonds and lease purchase or third party financing
contracts if issued with a term in excess of one year.

Executive Summary

Revenue bonds continue to be the preferred method of financing for state and local
governments with more than $20.9 billion in outstanding revenue bonds,
followed by GO bonds at $10.4 billion, municipal property corporation bonds at
$6.1 billion, certificates of participation at $2.9 billion and lease purchases/3rd
party financing at $1.9 billion.

PER CAPITA DEBT
Finally, 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. State
agencies, universities and other jurisdictions are listed as Statewide Districts and
the per capita debt calculation is based on the total State population. 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 Maricopa County has the
most debt per capita, as can be seen on the table below. The total per capita
debt for all jurisdictions with outstanding debt is $6,251 for June 30, 2016
compared to $6,522 for June 30, 2014. The population measure used to calculate
per capita debt is from the Department of Administration’s July 1, 2015
Population Estimates.

Executive Summary

BY COUNTY OR
STATE
Maricopa
Pima
Santa Cruz
Yuma
Statewide Districts
Yavapai
Pinal
Mohave
Gila
La Paz
Coconino
Graham
Navajo
Cochise
Apache
Greenlee
Total

OUTSTANDING
FY 2016
PRINCIPAL AS OF
PER CAPITA
JUNE 30, 2016
DEBT
$17,575,299,265
$4,311
$3,515,416,333
$3,483
$147,373,340
$2,932
$574,997,795
$2,675
$17,999,327,226
$2,663
$537,476,923
$2,468
$866,906,758
$2,133
$423,741,069
$2,060
$70,152,189
$1,289
$35,934,269
$1,696
$185,521,157
$1,310
$48,667,802
$1,265
$112,484,278
$1,026
$112,327,575
$870
$35,913,956
$497
$2,359,355
$224
$42,243,899,291
$6,251.00

OUTSTANDING
PRINCIPAL AS OF
JUNE 30, 2014
$17,870,493,737
$3,642,264,813
$118,949,113
$556,731,377
$18,108,157,349
$551,389,386
$872,913,456
$521,975,209
$73,586,979
$39,451,230
$232,828,882
$31,961,190
$127,688,277
$127,483,489
$44,721,611
$4,049,486
$42,924,591,584

FY 2014
PER CAPITA
DEBT
$4,530
$3,657
$2,417
$2,660
$2,752
$2,585
$2,217
$2,564
$1,371
$1,881
$1,716
$844
$1,175
$974
$620
$371
$6,522

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.

Executive Summary

FISCAL YEAR 2016 EXECUTIVE SUMMARY OF OUTSTANDING LONG TERM DEBT
Location
Jurisdiction

Original
Principal

Apache - Long Term Debt
Cities / Towns
County
School Districts
Special Districts
Total Long Term Debt

$13,972,615
$6,246,854
$37,220,383
$11,033,257
$68,473,109

$7,901,371
$4,237,472
$22,066,410
$6,582,458
$40,787,711

$0
$607,490
$119,597
$15,838
$742,925

Cochise - Long Term Debt
Cities / Towns
Community College
County
School Districts
Special Districts
Total Long Term Debt

$104,872,877
$47,580,000
$7,271,173
$40,549,379
$1,609,784
$201,883,213

$68,131,121
$20,075,000
$2,007,494
$29,230,480
$832,797
$120,276,892

Coconino - Long Term Debt
Cities / Towns
Community College
County
School Districts
Special Districts
Total Long Term Debt

$235,536,987
$17,135,000
$90,011
$57,450,635
$20,421,210
$330,633,843

Gila - Long Term Debt
Cities / Towns
Community College
County
School Districts
Special Districts
Total Long Term Debt
Graham - Long Term Debt
Cities / Towns
Community College
County
School Districts
Special Districts
Total Long Term Debt

Outstanding Principal New Debt or Contracts
As of June 30, 2015
in FY 2016

Principal Paid
In FY 2016

Amount Refunded
in FY 2016

Principal Refunded
To Date

$1,036,052
$826,404
$2,914,987
$779,391
$5,556,834

$0
$0
$0
$0
$0

$2,292,142
$0
$0
$0
$2,292,142

$6,857,960
$4,018,558
$19,265,442
$5,771,996
$35,913,956

$659
$56
$267
$80
$497

$205,961
$186,143
$1,163,077
$241,485
$1,796,666

$1,905,452
$1,605,400
$8,402,457
$3,036,754
$14,950,063

$2,080,000
$21,985,000
$0
$0
$419,680
$24,484,680

$7,160,390
$1,055,000
$3,300,270
$2,636,800
$137,760
$14,290,220

$4,986,521
$0
$0
$38,973
$0
$5,025,494

$4,986,521
$15,595,000
$0
$38,973
$0
$20,620,494

$58,265,345
$24,310,000
$1,292,713
$26,561,804
$1,897,713
$112,327,575

$745
$188
$10
$206
$15
$870

$2,224,762
$947,494
$30,208
$1,346,985
$31,064
$4,580,513

$21,457,823
$8,485,954
$262,528
$7,205,012
$269,755
$37,681,072

$154,168,675
$7,775,000
$0
$37,069,312
$13,906,436
$212,919,423

$738,681
$0
$0
$2,525,000
$0
$3,263,681

$18,894,243
$1,785,000
$28,111
$3,888,964
$1,680,131
$26,276,449

$0
$0
$0
$0
$0
$0

$9,180,451
$0
$0
$0
$0
$9,180,451

$136,127,886
$5,990,000
$61,900
$33,180,349
$10,161,022
$185,521,157

$1,632
$42
$0
$234
$72
$1,310

$4,790,060
$332,413
$954
$1,106,247
$349,309
$6,578,983

$46,408,533
$3,421,867
$954
$9,054,371
$2,922,299
$61,808,024

$38,676,937
$0
$10,000,000
$64,066,703
$11,714,400
$124,458,040

$27,655,184
$0
$6,250,000
$31,251,135
$2,901,243
$68,057,562

$1,079,421
$0
$2,000,000
$274,085
$6,769,398
$10,122,904

$1,391,477
$0
$519,070
$1,733,695
$702,392
$4,346,634

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

$3,000,000
$0
$0
$27,765,000
$0
$30,765,000

$23,281,440
$0
$7,730,930
$30,181,525
$8,958,294
$70,152,189

$821
$0
$142
$555
$165
$1,289

$512,547
$0
$299,330
$1,489,872
$295,760
$2,597,509

$3,780,497
$0
$2,100,415
$14,650,420
$989,936
$21,521,268

$35,613,171
$0
$1,887,218
$11,362,906
$26,361,000
$75,224,295

$25,398,137
$0
$873,956
$4,111,380
$10,000
$30,393,473

$685,000
$0
$545,311
$0
$26,340,000
$27,570,311

$7,424,786
$0
$369,400
$1,490,945
$2,550
$9,287,681

$6,844
$0
$0
$0
$0
$6,844

$26,149
$0
$0
$0
$0
$26,149

$18,657,499
$0
$1,049,867
$2,620,436
$26,340,000
$48,667,802

$1,076
$0
$27
$68
$685
$1,265

$948,543
$0
$15,824
$142,586
$901,897
$2,008,850

$7,318,364
$0
$59,726
$2,077,782
$902,682
$10,358,554

Executive Summary

Outstanding Principal Per Capita
As of June 30, 2016
Debt *

Interest Paid
In FY 2016

Interest Paid
To Date

FISCAL YEAR 2016 EXECUTIVE SUMMARY OF OUTSTANDING LONG TERM DEBT
Location
Jurisdiction
Greenlee - Long Term Debt
Cities / Towns
County
School Districts
Special Districts
Total Long Term Debt

Original
Principal

Outstanding Principal New Debt or Contracts
As of June 30, 2015
in FY 2016

Principal Paid
In FY 2016

Amount Refunded
in FY 2016

Principal Refunded
To Date

Outstanding Principal Per Capita
As of June 30, 2016
Debt *

Interest Paid
In FY 2016

Interest Paid
To Date

$800,000
$4,130,009
$3,631,650
$0
$8,561,659

$554,964
$2,091,389
$663,808
$0
$3,310,161

$0
$216,959
$0
$0
$216,959

$15,869
$846,452
$305,143
$0
$1,167,464

$0
$0
$0
$0
$0

$0
$0
$0
$0
$0

$539,095
$1,461,595
$358,665
$0
$2,359,355

$101
$138
$34
$0
$224

$29,061
$53,023
$30,442
$0
$112,526

$431,815
$265,109
$2,123,819
$0
$2,820,743

$14,382,893
$23,120,082
$573,214
$7,975,919
$46,052,108

$11,012,978
$20,790,164
$292,085
$3,630,501
$35,725,728

$0
$1,019,494
$105,472
$915,000
$2,039,966

$688,892
$805,589
$191,568
$369,640
$2,055,689

$0
$0
$0
$0
$0

$0
$0
$0
$0
$0

$11,022,087
$20,514,494
$179,873
$4,217,815
$35,934,269

$1,578
$968
$8
$199
$1,696

$429,469
$839,018
$9,944
$160,189
$1,438,620

$3,945,740
$3,605,966
$24,364
$2,160,427
$9,736,497

$18,218,245,311
$861,505,000
$315,895,466
$6,024,254,176
$1,025,324,474
$26,445,224,427

$12,673,734,180
$593,820,000
$276,418,825
$3,645,961,061
$604,420,354
$17,794,354,420

$1,334,482,475
$0
$13,904,384
$662,040,196
$206,643,000
$2,217,070,055

$756,536,652
$59,595,000
$7,959,528
$411,476,227
$44,441,449
$1,280,008,856

$851,661,101
$0
$29,910,000
$260,727,756
$90,545,000
$1,232,843,857

$2,711,728,101
$0
$29,910,000
$752,805,000
$116,120,000
$3,610,563,101

$12,392,374,423
$534,225,000
$252,453,681
$3,718,051,255
$678,194,906
$17,575,299,265

$3,276
$131
$62
$912
$166
$4,311

$577,196,419
$22,498,977
$12,598,156
$142,935,293
$28,541,644
$783,770,489

$4,449,137,448
$172,379,832
$48,458,884
$1,012,347,996
$246,522,815
$5,928,846,975

Mohave - Long Term Debt
Cities / Towns
Community College
County
School Districts
Special Districts
Total Long Term Debt

$689,316,023
$1,318,779
$47,665,742
$121,031,760
$77,270,164
$936,602,468

$374,549,615
$949,167
$22,587,087
$67,811,481
$24,947,237
$490,844,587

$239,221,584
$0
$384,217
$0
$0
$239,605,801

$285,023,107
$949,167
$4,470,493
$6,111,877
$3,662,409
$300,217,053

$4,019,000
$0
$0
$0
$0
$4,019,000

$21,225,000
$0
$0
$0
$650,523
$21,875,523

$322,595,166
$0
$18,494,183
$61,404,985
$21,246,735
$423,741,069

$2,531
$0
$90
$298
$103
$2,060

$12,486,536
$3,666
$912,435
$3,146,436
$652,326
$17,201,399

$123,008,981
$286,206
$10,574,170
$34,759,563
$13,305,762
$181,934,682

Navajo - Long Term Debt
Cities / Towns
Community College
County
School Districts
Special Districts
Total Long Term Debt

$55,958,139
$96,587
$19,777,262
$93,527,624
$32,541,015
$201,900,627

$42,246,696
$39,890
$17,174,067
$54,750,452
$13,999,990
$128,211,095

$475,672
$0
$0
$20,061,584
$6,961,168
$27,498,424

$3,570,855
$19,214
$1,311,245
$7,542,552
$2,027,694
$14,471,560

$0
$0
$0
$0
$1,237,047
$1,237,047

$4,560,000
$0
$0
$0
$1,330,947
$5,890,947

$34,049,318
$20,677
$15,862,822
$48,965,609
$13,585,852
$112,484,278

$848
$0.19
$145
$446
$124
$1,026

$1,096,436
$3,037
$461,841
$1,836,139
$499,173
$3,896,626

$10,071,572
$13,093
$1,557,494
$19,022,343
$9,699,187
$40,363,689

La Paz - Long Term Debt
Cities / Towns
County
School Districts
Special Districts
Total Long Term Debt
Maricopa - Long Term Debt
Cities / Towns
Community College
County
School Districts
Special Districts
Total Long Term Debt

Executive Summary

FISCAL YEAR 2016 EXECUTIVE SUMMARY OF OUTSTANDING LONG TERM DEBT
Location
Jurisdiction

Original
Principal

Outstanding Principal New Debt or Contracts
As of June 30, 2015
in FY 2016

Principal Paid
In FY 2016

Amount Refunded
in FY 2016

Principal Refunded
To Date

Outstanding Principal Per Capita
As of June 30, 2016
Debt *

Interest Paid
In FY 2016

Interest Paid
To Date

Pima - Long Term Debt
Cities / Towns
Community College
County
School Districts
Special Districts
Total Long Term Debt

$1,986,671,299
$0
$1,845,597,041
$908,975,948
$758,335,678
$5,499,579,966

$1,255,871,652
$0
$1,284,860,077
$651,846,780
$510,804,232
$3,703,382,741

$183,322,662
$0
$44,084,369
$56,571,794
$80,390,800
$364,369,625

$92,249,152
$0
$127,277,134
$51,145,052
$50,063,173
$320,734,511

$141,270,000
$0
$10,320,000
$7,360,000
$73,836,039
$232,786,039

$397,555,000
$0
$11,520,000
$19,755,000
$84,741,039
$513,571,039

$1,198,708,214
$0
$1,191,347,312
$649,453,307
$475,907,500
$3,515,416,333

$1,849
$0
$1,180
$643
$471
$3,483

$55,158,314
$0
$54,732,522
$29,267,711
$21,995,167
$161,153,714

$451,943,693
$0
$337,040,679
$182,108,321
$172,325,883
$1,143,418,576

Pinal - Long Term Debt
Cities / Towns
Community College
County
School Districts
Special Districts
Total Long Term Debt

$293,443,386
$140,960,511
$184,778,760
$409,187,592
$276,523,022
$1,304,893,271

$171,463,961
$95,168,675
$167,553,121
$205,749,146
$238,083,690
$878,018,593

$40,465,951
$28,895,000
$0
$48,244,506
$7,077,925
$124,683,382

$9,875,899
$4,757,559
$4,593,121
$16,117,730
$11,147,783
$46,492,092

$18,760,000
$29,255,000
$0
$46,750,000
$0
$94,765,000

$30,305,000
$29,255,000
$0
$123,195,000
$331,429
$183,086,429

$190,266,203
$91,828,081
$162,960,000
$190,059,709
$231,792,765
$866,906,758

$946
$226
$401
$468
$570
$2,133

$7,292,449
$2,957,212
$7,459,260
$7,986,313
$10,916,656
$36,611,890

$57,119,534
$22,578,412
$15,509,754
$81,991,657
$60,011,009
$237,210,366

Santa Cruz - Long Term Debt
Cities / Towns
Community College
County
School Districts
Special Districts
Total Long Term Debt

$44,544,151
$0
$81,455,050
$19,836,086
$59,151,241
$204,986,528

$39,252,187
$0
$57,973,285
$14,624,135
$45,639,470
$157,489,077

$0
$0
$9,733,310
$0
$0
$9,733,310

$1,258,788
$0
$3,879,407
$1,062,542
$2,174,067
$8,374,804

$0
$0
$18,305,000
$0
$0
$18,305,000

$0
$0
$8,810,000
$0
$0
$8,810,000

$37,994,156
$0
$55,017,188
$13,561,594
$40,800,402
$147,373,340

$1,661
$0
$1,094
$270
$812
$2,932

$1,482,004
$0
$2,699,140
$283,224
$2,117,321
$6,581,689

$9,883,507
$0
$22,543,758
$3,004,861
$19,363,590
$54,795,716

Yavapai - Long Term Debt
Cities / Towns
Community College
County
School Districts
Special Districts
Total Long Term Debt

$439,542,129
$57,090,000
$50,000,000
$234,280,270
$129,103,804
$910,016,203

$297,710,322
$43,365,000
$20,676,993
$127,461,398
$63,931,367
$553,145,080

$32,384,036
$0
$0
$20,358,846
$3,447,188
$56,190,070

$22,762,352
$5,475,000
$1,204,997
$11,133,557
$4,569,934
$45,145,840

$23,022,819
$0
$0
$6,707,634
$3,195,775
$32,926,228

$59,172,821
$0
$0
$43,704,147
$29,513,737
$132,390,705

$290,693,598
$37,890,000
$19,471,996
$129,871,033
$59,550,296
$537,476,923

$2,160
$174
$89
$596
$273
$2,468

$8,968,121
$1,413,583
$906,868
$5,536,995
$2,566,314
$19,391,881

$82,958,431
$7,656,449
$9,574,028
$49,833,783
$39,398,502
$189,421,193

$663,521,370
$99,050,000
$7,631,234
$181,603,740
$133,844,353
$1,085,650,697

$358,389,478
$56,985,000
$7,033,203
$70,816,297
$67,158,045
$560,382,023

$178,649,196
$0
$0
$48,315,723
$11,532,124
$238,497,043

$20,055,867
$2,575,000
$320,521
$11,966,714
$5,267,280
$40,185,382

$166,255,000
$0
$0
$0
$11,625,000
$177,880,000

$166,955,000
$30,630,000
$0
$26,604,497
$4,213,117
$228,402,614

$349,961,435
$54,410,000
$6,712,682
$102,064,749
$61,848,929
$574,997,795

$2,321
$230
$31
$475
$288
$2,675

$14,441,598
$2,399,563
$209,206
$2,228,817
$6,039,416
$25,318,600

$134,237,413
$23,642,258
$640,146
$24,111,574
$28,956,462
$211,587,853

Yuma - Long Term Debt
Cities / Towns
Community College
County
School Districts
Special Districts
Total Long Term Debt

Executive Summary

FISCAL YEAR 2016 EXECUTIVE SUMMARY OF OUTSTANDING LONG TERM DEBT
Location
Jurisdiction

Interest Paid
In FY 2016

Interest Paid
To Date

$444,795,423
$390,626,724
$835,422,147

$2,372,203,945
$2,942,724,833
$5,314,928,778

To avoid double-counting, Long Term Debt for Greater Arizona Development Authority and Water Infrastructure Finance Authority are excluded from the Statewide summary but included in the receiving jurisdiction.
GRAND TOTAL - ALL COUNTIES
Total - Long Term Debt
Cities / Towns
$22,835,097,287
$15,508,040,521
$2,013,584,679
$1,227,944,382
$1,212,981,285
$3,410,986,185
$15,071,393,827
$2,823
$687,262,279
Community Colleges
$1,224,735,877
$818,177,732
$50,880,000
$76,210,940
$29,255,000
$75,480,000
$748,673,758
$992
$30,555,945
Counties
$2,605,545,902
$1,890,527,133
$72,495,534
$157,711,742
$58,535,000
$50,240,000
$1,758,449,921
$260
$81,403,928
Other Jurisdictions
$10,491,625,000
$8,831,057,000
$630,510,000
$222,361,611
$0
$291,260,000
$9,331,824,249
$1,381
$444,795,423
School Districts
$8,207,552,066
$4,963,705,360
$858,616,803
$529,718,353
$321,584,363
$993,867,617
$5,025,780,335
$744
$198,510,081
Special Districts
$2,571,209,321
$1,596,847,820
$350,512,121
$127,025,653
$180,438,861
$236,900,792
$1,640,274,225
$4,023
$75,307,721
** State Agencies and Universities
$13,725,954,959
$8,994,123,123
$809,332,207
$674,800,802
$406,201,795
$2,008,070,833
$8,667,502,977
$1,283
$390,626,724
Total Long Term Debt
$61,661,720,412
$42,602,478,689
$4,785,931,344
$3,015,773,483
$2,208,996,304
$7,066,805,427
$42,243,899,292
$6,251 $1,908,462,101

$5,403,608,803
$238,464,071
$453,799,011
$2,372,203,945
$1,450,718,323
$599,865,063
$2,942,724,833
$13,461,384,049

Statewide - Long Term Debt
Other Jurisdictions
** State Agencies and Universities
Total Long Term Debt

Original
Principal

$10,491,625,000
$13,725,954,959
$24,217,579,959

Outstanding Principal New Debt or Contracts
As of June 30, 2015
in FY 2016

$8,831,057,000
$8,994,123,123
$17,825,180,123

$630,510,000
$809,332,207
$1,439,842,207

Principal Paid
In FY 2016

$222,361,611
$674,800,802
$897,162,413

Amount Refunded
in FY 2016

Principal Refunded
To Date

$0
$406,201,795
$406,201,795

$291,260,000
$2,008,070,833
$2,299,330,833

Outstanding Principal Per Capita
As of June 30, 2016
Debt *

$9,331,824,249
$8,667,502,977
$17,999,327,226

$1,381
$1,288
$2,663

**

** To avoid double-counting, Long Term Debt for Greater Arizona Development Authority and Water Infrastructure Finance Authority are excluded from the Statewide summary but included in the receiving jurisdiction.
* The total per capita debt for each political subdivision does not equal the total per capita debt for each county due to unincorporated residents diluting the per capita amount for cities and towns in each county.

Executive Summary

INTRODUCTION
INTRODUCTION ----------------------------------------------------------------------------------------------- Page 1

SECTION ONE – LONG TERM DEBT
COUNTIES .........................................................................................................................Page 7
Table 1 County Debt
................................................................................. Page 10
CITIES/TOWNS.................................................................................................................Page 13
Table 2 City/Town Debt.......................................................................................... Page 21
COMMUNITY COLLEGES.....................................................................................................Page 33
Table 3 Community College Debt........................................................................... Page 37
SCHOOL DISTRICTS.............................................................................................................Page 39
Table 4 Apache County School District Debt.......................................................... Page 41
Table 5 Cochise County School District Debt......................................................... Page 42
Table 6 Coconino County School District Debt....................................................... Page 44
Table 7 Gila County School District Debt................................................................ Page 45
Table 8 Graham County School District Debt......................................................... Page 46
Table 9 Greenlee County School District Debt....................................................... Page 47
Table 10 La Paz County School District Debt......................................................... Page 48
Table 11 Maricopa County School District Debt..................................................... Page 49
Table 12 Mohave County School District Debt....................................................... Page 56
Table 13 Navajo County School District Debt......................................................... Page 58
Table 14 Pima County School District Debt............................................................ Page 60
Table 15 Pinal County School District Debt............................................................ Page 62
Table 16 Santa Cruz County School District Debt.................................................. Page 65
Table 17 Yavapai County School District Debt....................................................... Page 66
Table 18 Yuma County School District Debt........................................................... Page 69
SPECIAL DISTRICTS ............................................................................................................Page 71
Table 19 Apache County Special District Debt....................................................... Page 75
Table 20 Cochise County Special District Debt...................................................... Page 77
Table 21 Coconino County Special District Debt.................................................... Page 80
Table 22 Gila County Special District Debt............................................................. Page 83
Table 23 Graham County Special District Debt...................................................... Page 86
Table 24 Greenlee County Special District Debt.................................................... Page 87
Table 25 La Paz County Special District Debt........................................................ Page 88
Table 26 Maricopa County Special District Debt.................................................... Page 89
Table 27 Mohave County Special District Debt....................................................... Page 99
Table 28 Navajo County Special District Debt........................................................ Page 102
Table 29 Pima County Special District Debt........................................................... Page 106
Table 30 Pinal County Special District Debt........................................................... Page 109
Table 31 Santa Cruz County Special District Debt..................................................Page 114
Table 32 Yavapai County Special District Debt...................................................... Page 115
Table 33 Yuma County Special District Debt.......................................................... Page 120

i

STATE AGENCIES AND UNIVERSITIES ......................................................................Page 123
Table 34 State Agency and University Debt......................................................... Page 127
OTHER JURISDICTIONS ...............................................................................................Page 137
Table 35 Other Jurisdictions’ Debt....................................................................... Page 139

SECTION TWO – NEW DEBT ISSUES REPORTED DURING FY 16
FY 2015/16 NEW ISSUES..................................................................................................Page 143
Table 36 County Debt........................................................................................... Page 147
Table 37 City/Town Debt...................................................................................... Page 147
Table 38 Community College Debt....................................................................... Page 149
Table 39 School District Debt ...................................................... .........................Page 149
Table 40 Special District Debt ....................................................... .......................Page 151
Table 41 State Agency, University and Other Jurisdiction Debt........................... Page 152

SECTION THREE – NON REPORTING/INCOMPLETE REPORTING
POLITICAL SUBDIVISIONS
Table 42 Jurisdictions Who Failed to Submit Reports .................................Page 155
Table 43 Jurisdictions who failed to submit complete information…………Page 155

ii

INTRODUCTION
In compliance with Arizona Revised Statute §§ 35-501 and 35-502, this preliminary report is a
compilation of long term debt reported for the fiscal year July 1, 2015 through June 30, 2016 (FY
2015/16), by the state, political subdivisions within the state or their statutory agents. A.R.S. § 35501 states, in part:
"The state treasurer shall ascertain and record in its office all issues of bonds,
certificates of participation or other securities issued for a term in excess of one
year by the state or a county, city, town, school district, irrigation district, other
political subdivision or municipal property corporation within the state."
This report has historically been produced by the Department of Revenue. Laws 2015, Chapter
221 changed the reporting requirement to the State Treasurer as of July 3, 2015. This is the
second year the Treasurer’s office has complied the report and a couple of noted changes were
made for this year’s report. First, rather than political subdivisions providing two different reports,
one for bonds and one for lease purchases/third party financing as has been done in the past,
all data is now provided on one report. Thus, the total amount of debt incurred by an entity is
readily available under one section, as requested by members of the Debt Oversight
Commission. As a result, the lease purchase section that was provided in the annual report has
been deleted since it is no longer necessary. We also are changing the name of the report from
Bonded Indebtedness to Long Term Debt to better reflect the purpose of this report. The format
presenting the outstanding debt of each entity has also changed and provides an easier
crosswalk to see the change in debt outstanding from year to year. Finally, we had a 100%
response rate from all the jurisdictions in the data base for this report.
The statutory language above referring to “all issues of bonds or other securities” requires the
collection of information on all debt. This includes general obligation bonds, revenue bonds,
certificates of participation, special district bonds, municipal property corporation bonds, impact
aid revenue bonds, and lease purchases or third party financing contracts (hereafter referred to
as lease purchases) issued for a term of greater than one year.
In addition, the statutes require that the office collect reports upon the issuance of new bonds
and securities. These reports must contain information about the par amount, interest,
repayment schedule, sources of repayment, original issue price and premium or discount,
issuance costs, outstanding debt, and the constitutional and statutory limitations on the issuance
of new debt. A.R.S. § 35-502.A states,
"The governing body of the county, city, town, district or other political
subdivision shall make such reports to the state treasurer as the treasurer
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 debt.
All figures and information contained in this report have been reviewed by the Debt Oversight
Commission, as established by A.R.S. § 35-504.
The data presented, which is as complete and accurate as the records submitted by the reporting
political subdivisions, includes outstanding debt as of June 30, 2016 of $42.32 billion
(outstanding bonds of $40.4 billion and outstanding leases of $1.9 billion). This excludes the
debt reported by the Greater Arizona Development Authority (GADA) and the Water
Infrastructure Finance Authority (WIFA) of $940 million in order to avoid double-counting the
debt by these agencies and the receiving jurisdictions. In comparison, political subdivisions
reported outstanding debt as of June 30, 2015 of $42.45 billion (outstanding bonds of $40.6
billion and outstanding leases of $1.8 billion and excludes double-counting of GADA and WIFA
of $1.1 billion).

1

This report is divided into three main sections: a summary of outstanding debt by jurisdiction;
new debt issued; and a summary of jurisdictions that failed to submit reports. Tables containing
detailed data for each section are provided at the end of each section.
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 and debt limitations, revenue bonds, municipal property
corporation bonds, certificates of participation bonds, lease purchases, third party financing, and
special assessment or special district bonds. Historical reporting by the political subdivisions has not
been as comprehensive as this year’s report required, thus not every entity entered the data properly.
For example, this year’s annual report required a list of all new debt on the annual form as well as the
report required 60 days after debt is issued. The result is, not all new debt was listed on the annual
form, as some jurisdictions thought the 60 day report was sufficient. The result is $81 million in
additional debt was not reported on the annual form. Further, this year’s annual report required more
information than has historically been required for lease purchase debt and third party financing as well
as a detail of last year’s outstanding debt, additions of debt this year and the balance of debt at the end
of the year. The data presented is as complete and accurate as the records submitted by the reporting
political subdivisions. A table at the end of the report lists those entities that provided information that
was deemed incomplete and the office has asked for more information to verify the data.
Section Two provides information on new debt issued. This information is summarized for counties,
cities and towns, community colleges, school districts, special districts, agencies, universities and other
entities. Highlights are provided for each sub-section. Copies of the forms used to report new debt, as
provided by the jurisdiction in accordance with A.R.S. § 18-304 and 35-501, are available upon request.
Section Three lists political subdivisions that failed to submit a Debt Report.

TYPES OF LONG TERM DEBT
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 require 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 calculate debt limitations was from the 2016 Property Tax Rates and
Assessed Values, issued by the Arizona Tax Research Association. GO bonds can include WIFA or
GADA loans.
Revenue bonds are secured by a specific, identified revenue source, typically non-property 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. WIFA and GADA loans
can be reported as revenue bonds.
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
nonprofit 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 non-profit
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 subject to the constitutional
debt limits.
Impact Aid Revenue bonds are paid from revenues received through a federal program designed

2

to directly reimburse public schools for the loss of traditional revenue sources due to a federal
presence or activity. In summary tables these bonds are included in revenue bonds.
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.
Lease Purchases or Third Party Financing Contracts represent debt of the political subdivision
if issued with a term in excess of one year. They are used to acquire equipment or construct a
building or purchase land. The land, building or equipment serve as collateral for the lender. A
lease purchase would include a transfer of ownership at the end of the lease. In some instances,
interest payments on these contracts are built into the annual payments and therefore the interest
is not displayed in the tables in this report. Third party financing can include bank loans, WIFA
loans, and GADA loans.
INTEREST
State government and all local governments are required to report interest paid in the latest fiscal
year and interest paid to date pursuant to A.R.S. §§ 18-304 and 35-501. State government consists
of any department, commission, board, institution or other agency of the State receiving,
expending or disbursing state funds or incurring obligations against the State. Local governments
consist of a county, city or town with a population of more than 2,500 persons, any community college
district and school district with a student county of more than 600 pupils and a state university.
This excludes special districts and other jurisdictions.
SEARCHABLE DATABASE
The office is required to maintain an online accessible and searchable database pursuant to
A.R.S. § 18-304. The database can be found at www.aztreasury.gov under “Indebtedness” and
Reports links.

3

4

SECTION ONE
FY 2015/16 LONG TERM DEBT OF
POLITICAL SUBDIVISION

5

6

COUNTIES
As of June 30, 2016, counties reported a total outstanding debt of $1.76 billion (outstanding
bonds of $1.52 billion and outstanding leases of $.24 billion), a 4.8% decrease from the prior
fiscal year. For FY 2015, counties reported total outstanding debt of $1.85 billion (outstanding
bonds of $1.63 billion and outstanding leases of $0.22 billion).
County debt is the ultimate responsibility of the county. Under this definition, special district debt
issued by an independent political subdivision but reported by the county is not included here.
County debt consists of general obligation bonds, revenue bonds, certificates of participation,
municipal property corporation debt, lease purchases, and third party financing. Each county has
some form of debt reported, ranging from an outstanding lease of $61,900 for Coconino County
to nearly $1.2 billion in debt for Pima County.
Detail of the outstanding debt reported by the counties can be found in Table 1. Four types of
outstanding debt have been reported:






$344 million in general obligation debt, reported by Pima County;
$986.2 million in revenue bonds, reported by nine counties;
$185 million in certificates of participation, reported by Maricopa County;
$242.4 million in lease purchases or third party financing.

During FY 2015/16, $157.7 million of principal was paid by all counties and $81.4 million in
interest was paid. To date, the $2.6 billion in original debt has cost $453.8 million in interest.
County lease purchases represent debt issued with a term in excess of one year. As of June 30,
2016 lease purchases and third party financing totaled $242.4 million for 12 counties, a 8.6%
increase from the $223.3 million reported for FY 2015.
The following table lists debt by county ranked from highest debt to lowest debt.

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

OUTSTANDING
BONDS
$1,013,859,347
$236,675,000
$162,960,000

TOTAL
OUTSTANDING
DEBT
$177,487,965 $1,191,347,312
$15,778,681
$252,453,681
$0
$162,960,000

OUTSTANDING
LEASES

$47,270,000

$7,747,188

$55,017,188

$20,514,494
$0
$17,595,000
$0
$7,730,930
$6,634,000
$3,150,000
$0
$0
$0
$0

$0
$19,471,996
$899,183
$15,862,822
$0
$78,682
$868,558
$1,461,895
$1,292,713
$1,049,867
$61,900

$20,514,494
$19,471,996
$18,494,183
$15,862,822
$7,730,930
$6,712,682
$4,018,558
$1,461,895
$1,292,713
$1,049,867
$61,900

7

COUNTY

OUTSTANDING
BONDS

Total

$1,516,388,771

TOTAL
OUTSTANDING
DEBT
$242,061,451 $1,758,450,222

OUTSTANDING
LEASES

Please note that the outstanding balances listed in the report should reflect all debt as of June 30,
2016. However, the year-end balances should reflect any July 1, 2016 payments if the payment
amount has been deposited into a dedicated fund for the payment of principal.
GENERAL OBLIGATION DEBT
Only Pima County reported general obligation debt, subject to the 15% county debt limitation and had
available capacity as shown below and on Table 1.
COUNTY
Pima

CAPACITY

DEBT

$1,185,928,521

$344,620,000

% OF CAPACITY
USED
29%

REVENUE BONDS
Apache, Gila, La Paz, Maricopa, Mohave, Pima, Pinal, Santa Cruz, and Yuma Counties have
outstanding revenue bonds, which are debt not subject to a limitation. The outstanding balance in
revenue bonds at the end of FY 2015/16 was $951.8 million.
MUNICIPAL PROPERTY CORPORATION DEBT
No county reported any MPC debt.
CERTIFICATES OF PARTICIPATION
Maricopa County reported certificates of participation of $185.6 million.
NEW DEBT
During FY 2015/16, seven counties reported new debt of $72.5 million. Detail of new bonds issued
can be found in Section Two and Table 36.
LEASE PURCHASES/THIRD PARTY FINANCING
Lease purchases and third party financing contracts represent debt issued with a term greater than
one year. As of June 30, 2016, 12 counties reported outstanding lease purchases of $242.4 million.
Pima County had the most lease purchase debt for $177.5 million.
INTEREST
The counties reported interest paid on debt during FY 2015/16 of $81.4 million on $1.76 billion of
outstanding principal as of June 30, 2016 and $453.8 million interest paid to date on 140 debt types
issued with an original principal of $2.6 billion. Of debt subject to constitutional limits, a total of $14
million of interest was paid on $344.6 million of GO debt with $109.4 million paid to date on the 11
GO bonds with an original principal of $648.3 million.
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. The average per capita
debt for counties with outstanding debt at the end of the fiscal year is $260. The average per capita
county debt statewide (including the population of counties without debt) is $252.72.

8

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

PER CAPITA
BOND DEBT
$1,004
$940
$968
$401
$0
$142
$0
$86
$0
$58
$44
$31
$0
$0
$0

PER CAPITA
LEASE DEBT
$176
$154
$0
$0
$145
$0
$139
$4
$89
$4
$12
$0
$27
$10
$0

PER CAPITA
TOTAL DEBT
$1,180
$1,094
$968
$401
$145
$142
$139
$90
$89
$62
$56
$31
$27
$10
$0

The population measure used to calculate per capita debt is the July 1, 2015 Department of
Administration’s estimate.

9

10

TABLE 1

COUNTY FY 2016 DEBT AND DEBT LIMITATIONS
COUNTY
ORIGINAL
DEBT ISSUES/
PRINCIPAL/
TYPE CONTRACTS CONTRACT
Apache County
L/3P
6
2,266,854
REV
1
3,980,000
Totals for Apache County
7
6,246,854
Cochise County
L/3P
3
7,271,173
Totals for Cochise County
3
7,271,173
Coconino County
L/3P
1
90,011
Totals for Coconino County
1
90,011
Gila County
REV
3
10,000,000
Totals for Gila County
3
10,000,000
Graham County
L/3P
9
1,887,218
Totals for Graham County
9
1,887,218
Greenlee County
L/3P
19
4,130,009
Totals for Greenlee County
19
4,130,009
La Paz County
L/3P
2
200,588
REV
6
22,919,494
Totals for La Paz County
8
23,120,082
Maricopa County
COP
1
185,580,000
L/3P
9
22,215,466
REV
1
108,100,000
Totals for Maricopa County
11
315,895,466
Mohave County
L/3P
7
1,665,742
REV
1
46,000,000
Totals for Mohave County
8
47,665,742
Navajo County
L/3P
5
19,777,262
Totals for Navajo County
5
19,777,262

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

867,472
3,370,000

607,490
0

606,404
220,000

0
0

0
0

868,558
3,150,000

34,030
152,113

112,057
1,493,343

4,237,472

607,490

826,404

0

0

4,018,558

186,143

1,605,400

2,007,494

0

3,300,270

0

0

1,292,713

30,208

262,528

2,007,494

0

3,300,270

0

0

1,292,713

30,208

262,528

0

0

28,111

0

0

61,900

954

954

0

0

28,111

0

0

61,900

954

954

6,250,000

2,000,000

519,070

0

0

7,730,930

299,330

2,100,415

6,250,000

2,000,000

519,070

0

0

7,730,930

299,330

2,100,415

873,956

545,311

369,400

0

0

1,049,867

15,824

59,726

873,956

545,311

369,400

0

0

1,049,867

15,824

59,726

2,091,389

216,959

846,452

0

0

1,461,895

53,023

265,109

2,091,389

216,959

846,452

0

0

1,461,895

53,023

265,109

30,670
20,759,494

0
1,019,494

30,589
775,000

0
0

0
0

0
20,514,494

181
838,837

7,972
3,597,994

20,790,164

1,019,494

805,589

0

0

20,514,494

839,018

3,605,966

185,580,000
6,173,825
84,665,000

0
13,904,384
0

0
4,299,528
3,660,000

0
0
29,910,000

0
0
29,910,000

185,580,000
15,778,681
51,095,000

8,721,983
126,693
3,749,480

8,721,983
126,693
39,610,208

276,418,825

13,904,384

7,959,528

29,910,000

29,910,000

252,453,681

12,598,156

48,458,884

1,017,087
21,570,000

384,217
0

495,493
3,975,000

0
0

0
0

899,183
17,595,000

16,423
896,013

53,800
10,520,371

22,587,087

384,217

4,470,493

0

0

18,494,183

912,435

10,574,170

17,174,067

0

1,311,245

0

0

15,862,822

461,841

1,557,494

17,174,067

0

1,311,245

0

0

15,862,822

461,841

1,557,494

11

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

15%
CAPACITY

15%
CAPACITY
DEBT

TABLE 1

COUNTY FY 2016 DEBT AND DEBT LIMITATIONS
COUNTY
ORIGINAL
DEBT ISSUES/
PRINCIPAL/
TYPE CONTRACTS CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

Pima County
GO
11

648,335,000

383,935,000

0

39,315,000

0

1,200,000

344,620,000

14,017,464

L/3P
13
307,417,327
REV
16
889,844,714
Totals for Pima County
40
1,845,597,041

178,156,361
722,768,716

44,084,369
0

34,432,765
53,529,369

10,320,000
0

10,320,000
0

177,487,965
669,239,347

7,474,364
33,240,694

109,427,326
1,185,928,520.85
28,241,802
199,371,551

1,284,860,077

44,084,369

127,277,134

10,320,000

11,520,000

1,191,347,312

54,732,522

337,040,679

418,121
167,135,000

0
0

418,121
4,175,000

0
0

0
0

0
162,960,000

22,167
7,437,093

301,640
15,208,114

167,553,121

0

4,593,121

0

0

162,960,000

7,459,260

15,509,754

9,518,285
48,455,000

238,310
9,495,000

2,009,407
1,870,000

0
18,305,000

0
8,810,000

7,747,188
47,270,000

337,317
2,361,823

1,872,685
20,671,073

57,973,285

9,733,310

3,879,407

18,305,000

8,810,000

55,017,188

2,699,140

22,543,758

20,676,993

0

1,204,997

0

0

19,471,996

906,868

9,574,028

20,676,993

0

1,204,997

0

0

19,471,996

906,868

9,574,028

103,203
6,930,000

0
0

24,521
296,000

0
0

0
0

78,682
6,634,000

3,511
205,695

3,511
636,635

7,033,203

0

320,521

0

0

6,712,682

209,206

640,146

Pinal County
L/3P
2
1,303,760
REV
8
183,475,000
Totals for Pinal County
10
184,778,760
Santa Cruz County
L/3P
9
12,095,050
REV
3
69,350,000
Totals for Santa Cruz County
12
81,445,050
Yavapai County
L/3P
1
50,000,000
Totals for Yavapai County
1
50,000,000
Yuma County
L/3P
2
131,234
REV
1
7,500,000
Totals for Yuma County
3
7,631,234

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

GRAND TOTALS

COP
GO
L/3P
REV

1
11
88
40

185,580,000
648,335,000
430,451,695
1,341,169,208

185,580,000
383,935,000
239,108,922
1,081,903,210

0
0
59,981,041
12,514,494

0
39,315,000
49,377,304
69,019,439

0
0
10,320,000
48,215,000

0
1,200,000
10,320,000
38,720,000

185,580,000
344,620,000
242,061,451
986,188,771

8,721,983
14,017,464
9,483,404
49,181,078

8,721,983
109,427,326
42,439,999
293,209,703

Grand
Totals 140

2,605,535,903

1,890,527,132

72,495,535

157,711,743

58,535,000

50,240,000

1,758,450,222

81,403,929

453,799,011

12

15%
CAPACITY

15%
CAPACITY
DEBT

344,620,000

CITIES/TOWNS
As of June 30, 2016, cities and towns reported total outstanding debt of $15.07 billion (outstanding
bonds of $14.73 billion and outstanding leases of $0.34 billion), a 2.4% decrease from the
prior fiscal year. For FY 2015, cities and towns reported total outstanding debt of $15.45
billion (outstanding bonds of $15.33 billion and outstanding leases of $0.12 billion).
City and town debt 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, 2016, these types of debt totaled $15 billion for cities and towns, a 1.6% decrease from
the $15.33 billion reported for FY 2015. Of the 91 incorporated cities and towns in Arizona, 82
had at least one of these types of debt outstanding at the end of FY 2015/16; nine reported no debt.
Detail of the outstanding debt of cities and towns, in alphabetical order, can be found in Table 2.
The cities and towns reported the following outstanding debt as of June 30, 2016:






$3.95 billion in general obligation debt;
$4.43 billion in revenue bonds;
$6 billion in other debt primarily issued through municipal property corporations;
$240 million in certificates of participation.

As of June 30, 2016, lease purchases or third party financing totaled $343 million for cities and
towns, a 179% increase from the $123.1 million reported for FY 2015. Of the 91 incorporated
cities and towns, 53 reported outstanding lease purchases or third party financing.
During FY 2015/16, $1.2 billion of outstanding principal was retired or refunded. The following
table lists debt by city and town ranked from highest debt to lowest debt.

CITY/TOWN
City of Phoenix
City of Mesa
City of Scottsdale
City of Tucson
City of Glendale
City of Tempe
City of Chandler
Town of Gilbert
City of Peoria
City of Goodyear
City of Lake Havasu City
City of Yuma
Town of Queen Creek
City of Casa Grande
City of Prescott
City of Flagstaff
City of Buckeye
City of San Luis

OUTSTANDING
BONDS
$6,105,740,669
$1,603,700,000
$1,111,076,338
$997,163,964
$871,615,000
$601,020,000
$531,070,000
$378,545,000
$318,297,591
$284,363,316
$238,338,642
$192,330,000
$124,698,061
$61,875,000
$33,933,477
$95,693,788
$93,408,655
$91,680,000
13

OUTSTANDING
LEASES
$7,809,307
$1,984,773
$0
$30,806,507
$7,058,510
$15,403,910
$0
$0
$0
$0
$8,485,027
$39,919,507
$40,800,807
$51,274,709
$69,501,550
$4,564,874
$148,419
$376,486

TOTAL
OUTSTANDING
DEBT
$6,113,549,976
$1,605,684,773
$1,111,076,338
$1,027,970,471
$878,673,510
$616,423,910
$531,070,000
$378,545,000
$318,297,591
$284,363,316
$246,823,669
$232,249,507
$165,498,868
$113,149,709
$103,435,027
$100,258,662
$93,557,074
$92,056,486

COUNTY
Town of Marana
City of Surprise
City of Avondale
City of Cottonwood
City of El Mirage
Town of Prescott Valley
Town of Oro Valley
Town of Cave Creek
City of Maricopa
City of Kingman
City of Sedona
Town of Sahuarita
City of Nogales
City of Tolleson
City of Bullhead City
City of Somerton
City of Sierra Vista
Town of Chino Valley
City of Williams
City of Show Low
Town of Payson
City of Safford
City of Eloy
City of Douglas
City of Bisbee
Town of Paradise Valley
Town of Clarkdale
City of Page
Town of Quartzsite
City of Apache Junction
Town of Fountain Hills
City of South Tucson
Town of Camp Verde
City of Globe
Town of Florence
Town of Snowflake
City of Winslow
City of Benson
City of Coolidge
City of Litchfield Park
Town of Fredonia

OUTSTANDING
BONDS
$78,424,000
$71,565,000
$58,755,000
$56,142,154
$51,769,830
$34,435,000
$46,325,407
$46,718,436
$43,095,000
$40,748,201
$37,695,000
$37,177,736
$32,905,000
$35,771,492
$34,228,000
$24,691,646
$15,515,000
$22,347,606
$21,105,070
$17,888,768
$16,289,354
$15,856,023
$12,055,227
$7,057,639
$11,913,346
$11,040,000
$11,111,040
$10,238,520
$9,122,087
$2,370,000
$8,805,000
$7,335,000
$5,460,665
$5,493,701
$4,629,286
$4,760,000
$4,464,479
$4,165,000
$2,942,407
$3,865,000
$3,529,970

14

OUTSTANDING
LEASES
$0
$0
$0
$2,115,975
$8,901
$16,926,059
$1,058,594
$0
$0
$43,137
$0
$259,010
$4,346,806
$0
$405,000
$331,220
$8,412,454
$0
$896,530
$882,000
$1,057,937
$878,192
$2,564,538
$5,812,067
$65,589
$167,788
$0
$75,280
$0
$6,570,943
$0
$157,996
$820,421
$0
$624,298
$0
$282,361
$0
$1,011,559
$0
$23,854

TOTAL
OUTSTANDING
DEBT
$78,424,000
$71,565,000
$58,755,000
$58,258,129
$51,778,731
$51,361,059
$47,384,001
$46,718,436
$43,095,000
$40,791,338
$37,695,000
$37,436,746
$37,251,806
$35,771,492
$34,633,000
$25,022,865
$23,927,454
$22,347,606
$22,001,600
$18,770,768
$17,347,291
$16,734,214
$14,619,766
$12,869,705
$11,978,935
$11,207,788
$11,111,040
$10,313,800
$9,122,087
$8,940,943
$8,805,000
$7,492,996
$6,281,086
$5,493,701
$5,253,584
$4,760,000
$4,746,840
$4,165,000
$3,953,966
$3,865,000
$3,553,824

COUNTY
Town of Taylor
City of Willcox
Town of Eagar
City of St. Johns
Town of Carefree
Town of Wickenburg
Town of Thatcher
Town of Parker
City of Tombstone
Town of Guadalupe
City of Holbrook
Town of Gila Bend
Town of Springerville
Town of Pinetop-Lakeside
Town of Kearny
Town of Patagonia
Town of Wellton
Town of Duncan
Town of Hayden
Town of Superior
Town of Huachuca City
Town of Colorado City
Town of Jerome
Town of Clifton
Town of Dewey – Humboldt
Town of Mammoth
Town of Miami
Town of Pima
Town of Star Valley
Town of Tusayan
Town of Winkelman
Town of Youngtown
Total

OUTSTANDING
BONDS
$3,344,808
$3,144,315
$2,945,720
$2,043,547
$0
$0
$1,870,000
$1,900,000
$1,113,000
$1,715,000
$1,516,000
$0
$1,200,614
$0
$740,000
$742,350
$0
$539,095
$440,448
$330,000
$0
$0
$180,725
$0
$0
$0
$0
$0
$0
$0
$0
$0
$14,728,122,212

OUTSTANDING
LEASES
$0
$0
$0
$639,804
$2,089,839
$1,980,552
$53,285
$0
$676,415
$0
$0
$1,382,229
$28,275
$910,902
$119,841
$0
$632,577
$0
$0
$63,395
$390,521
$347,159
$23,927
$0
$0
$0
$0
$0
$0
$0
$0
$0
$343,271,615

TOTAL
OUTSTANDING
DEBT
$3,344,808
$3,144,315
$2,945,720
$2,683,351
$2,089,839
$1,980,552
$1,923,285
$1,900,000
$1,789,415
$1,715,000
$1,516,000
$1,382,229
$1,228,889
$910,902
$859,841
$742,350
$632,577
$539,095
$440,448
$393,395
$390,521
$347,159
$204,652
$0
$0
$0
$0
$0
$0
$0
$0
$0
$15,071,393,827

Please note that the outstanding balances listed in the report should reflect all debt as of June 30,
2016. However, the year-end balances should reflect any July 1, 2016 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 for cities and towns as of June 30, 2016 was $3.95 billion, or
26% of all outstanding debt. General obligation debt was reported by 21 of the 91 incorporated cities
and towns. General obligation debt issued by a city or town is subject to the 6% debt limit or an additional
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:
15

“…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, parks, playgrounds and recreational facilities, public safety, law enforcement, fire
and emergency services facilities and streets and transportation facilities.”
The general obligation debt limit is based on the value of taxable property in the city or town as shown
on the last property tax assessment roll before issuing the bonds. The table below measures the
current outstanding general obligation debt against the current capacity and ranked by % of capacity
used.

CITY/TOWN
City of Lake Havasu City
City of Tempe
City of El Mirage
City of Maricopa
City of Tolleson
City of Goodyear
City of Chandler
City of Peoria
City of Phoenix
City of Mesa
City of Casa Grande
City of Glendale
City of Scottsdale
City of Tucson
City of Flagstaff
City of Avondale
Town of Gilbert
City of Willcox
Town of Fountain Hills
Town of Payson
City of Prescott

CURRENT
CAPACITY
$167,153,604
$487,070,121
$34,881,779
$77,121,824
$51,913,941
$203,911,881
$733,133,640
$370,495,070
$3,323,903,588
$875,132,752
$101,647,458
$365,576,200
$1,548,662,023
$844,507,409
$185,251,949
$111,183,902
$589,995,910
$5,069,032
$122,716,074
$46,600,682
$161,519,090

16

GO DEBT
$132,114,432
$365,775,000
$26,080,000
$43,095,000
$26,192,537
$90,270,000
$309,545,000
$149,950,000
$1,336,715,000
$350,950,000
$37,930,000
$135,130,000
$551,515,000
$208,860,000
$45,192,672
$22,690,000
$105,250,000
$465,000
$7,405,000
$1,245,000
$180,000

% OF CAPACITY
USED
79.04%
75.10%
74.77%
55.88%
50.45%
44.27%
42.22%
40.47%
40.22%
40.10%
37.32%
36.96%
35.61%
24.73%
24.40%
20.41%
17.84%
9.17%
6.03%
2.67%
0.11%

Cities and towns retired $393 million in outstanding general obligation principal during the fiscal year.
Cities with general obligation debt in excess of $200 million, in order of most to least debt, are: Phoenix,
Scottsdale, Tempe, Mesa, Chandler and Tucson.
REVENUE BONDS
Total outstanding debt from revenue bonds as of June 30, 2016 was $4.4 billion, or 29.5% of total
outstanding debt. Cities retired $450.8 million in principal in the fiscal year.
MUNICIPAL PROPERTY CORPORATION DEBT AND SPECIAL ASSESSMENT BONDS
Municipal property corporation debt and special assessment bonds totaled $6.1 billion outstanding at
the end of FY 2015/16. This represents 40.4% of total outstanding debt. Cities retired $254.6 million
during the fiscal year.
CERTIFICATES OF PARTICIPATION
Total certificates of participation debt outstanding on June 30, 2016 was $240 million, or 1.5% of
total debt for cities and towns. A total of $20.7 million in principal was retired and refunded in the
fiscal year.
NEW BONDS
During FY 2015/16, 35 municipalities took on $2 billion of new debt or contracts; $1.2 billion
was attributed to refunding. Detail of new bond issues can be found in Section Two and Table
37.
LEASE PURCHAES
Lease purchases and third party financing contracts represent debt issued with a term greater
than one year. As of June 30, 2016, 53 cities and towns reported outstanding lease purchases of
$343.3 million. The cities and towns with outstanding lease purchases in excess of $10 million, in
order of most to least debt, are: Prescott, Casa Grande, Queen Creek, Yuma, Tucson, Prescott
Valley, and Tempe.
INTEREST
Total interest paid on bonds during FY 2015/16 was $687.2 million on $15.1 billion of outstanding
principal as of June 30, 2016 and $5.4 billion interest paid to date on 953 debt issuances or
contracts with an original principal of $22.8 billion.
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 comparative tool to describe how much debt the city or town has at a given point in time
in comparison with other cities or towns. Using this measure Cave Creek has the most debt per
capita, as seen on the following table, ranked from highest to lowest.

CITY/TOWN
Town of Cave Creek
City of Williams
City of Tolleson
City of Cottonwood
Town of Queen Creek
City of Scottsdale
City of Lake Havasu City
City of Phoenix
City of Glendale
City of Sedona
City of Goodyear

PER CAPITA
BOND DEBT
$8,605
$6,626
$5,232
$4,868
$3,671
$4,806
$4,448
$3,997
$3,713
$3,680
$3,656

17

PER CAPITA
LEASE DEBT
$0
$281
$0
$183
$1,201
$0
$158
$5
$30
$0
$0

PER CAPITA TOTAL
DEBT
$8,605
$6,908
$5,232
$5,052
$4,872
$4,806
$4,606
$4,002
$3,743
$3,680
$3,656

COUNTY
City of Tempe
City of Mesa
City of San Luis
Town of Clarkdale
Town of Fredonia
City of Prescott
Town of Quartzsite
City of Yuma
City of Bisbee
City of Casa Grande
City of Chandler
Town of Chino Valley
City of Tucson
City of Peoria
Town of Marana
City of Safford
City of Nogales
City of Show Low
City of Somerton
Town of Gilbert
City of El Mirage
City of Buckeye
City of Flagstaff
City of Kingman
Town of Sahuarita
City of Page
City of Tombstone
City of South Tucson
Town of Prescott Valley
Town of Payson
Town of Oro Valley
City of Maricopa
City of Willcox
City of Bullhead City
City of Benson
Town of Snowflake
City of Eloy
Town of Paradise Valley
Town of Taylor
Town of Patagonia
City of St. Johns

OUTSTANDING
BONDS
$3,494
$3,479
$2,696
$2,683
$2,636
$828
$2,402
$1,964
$2,249
$1,196
$2,082
$2,051
$1,882
$1,900
$1,883
$1,642
$1,502
$1,617
$1,567
$1,559
$1,553
$1,527
$1,355
$1,408
$1,345
$1,335
$835
$1,284
$831
$1,039
$1,065
$891
$865
$854
$833
$829
$678
$807
$795
$771
$585

18

OUTSTANDING
LEASES
$90
$4
$11
$0
$18
$1,696
$0
$408
$12
$991
$0
$0
$58
$0
$0
$91
$198
$80
$21
$0
$0
$2
$65
$1
$9
$10
$507
$28
$409
$67
$24
$0
$0
$10
$0
$0
$144
$12
$0
$0
$183

TOTAL
OUTSTANDING
DEBT
$3,583
$3,483
$2,707
$2,683
$2,654
$2,523
$2,402
$2,371
$2,261
$2,187
$2,082
$2,051
$1,940
$1,900
$1,883
$1,733
$1,700
$1,697
$1,588
$1,559
$1,553
$1,529
$1,419
$1,409
$1,355
$1,345
$1,342
$1,312
$1,240
$1,107
$1,089
$891
$865
$864
$833
$829
$822
$820
$795
$771
$768

COUNTY

$416
$745
$731
$0
$672
$665
$642
$607
$597
$596
$0
$498
$570
$351
$460
$406
$366
$377
$365
$241
$298
$0
$280
$62
$0

$343
$0
$0
$699
$0
$0
$0
$14
$0
$0
$593
$75
$0
$190
$29
$54
$59
$0
$10
$83
$0
$297
$0
$171
$218

TOTAL
OUTSTANDING
DEBT
$759
$745
$731
$699
$672
$665
$642
$621
$597
$596
$593
$573
$570
$542
$489
$460
$425
$377
$375
$324
$298
$297
$280
$233
$218

$0

$208

$208

$0
$175
$113
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$204
$24
$22
$72
$0
$0
$0
$0
$0
$0
$0
$0
$0

$204
$199
$134
$72
$0
$0
$0
$0
$0
$0
$0
$0
$0

OUTSTANDING
BONDS

City of Douglas
City of Avondale
City of Globe
Town of Gila Bend
Town of Duncan
Town of Hayden
City of Litchfield Park
Town of Springerville
Town of Eagar
Town of Parker
Town of Carefree
Town of Camp Verde
City of Surprise
City of Sierra Vista
City of Winslow
Town of Jerome
Town of Kearny
Town of Fountain Hills
Town of Thatcher
City of Coolidge
City of Holbrook
Town of Wickenburg
Town of Guadalupe
City of Apache Junction
Town of Huachuca City
Town of Pinetop-Lakeside
Town of Wellton
Town of Florence
Town of Superior
Town of Colorado City
Town of Clifton
Town of Dewey – Humboldt
Town of Mammoth
Town of Miami
Town of Pima
Town of Star Valley
Town of Tusayan
Town of Winkelman
Town of Youngtown

OUTSTANDING
LEASES

The population measure used to calculate per capita debt is the July 1, 2015 Department of
Administration’s estimate.

19

20

TABLE 2

CITY/TOWN FY 2016 DEBT AND DEBT LIMITATIONS
CITY/TOWN
ORIGINAL
DEBT ISSUES/
PRINCIPAL/
TYPE CONTRACTS CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

0
0

39,075
180,000

0
0

0
0

6,570,943
2,370,000

17,937
122,688

84,029
1,383,084

0

219,075

0

0

8,940,943

140,625

1,467,113

25,320,000

0

1,290,000

0

0

22,690,000

1,703,785

13,336,520

35,570,000
11,065,000

0
0

2,010,000
3,185,000

0
0

0
0

29,970,000
6,095,000

1,522,600
277,150

16,824,379
2,645,443

71,955,000

0

6,485,000

0

0

58,755,000

3,503,535

32,806,341

1,681
4,165,000

0
0

1,681
335,000

0
0

0
0

0
4,165,000

0
174,975

33,579
1,128,081

4,166,681

0

336,681

0

0

4,165,000

174,975

1,161,660

115,305
12,725,620

0
0

49,716
812,275

0
0

0
0

65,589
11,913,346

3,489
367,956

56,690
4,131,709

12,840,925

0

861,991

0

0

11,978,935

371,445

4,188,399

217,271
44,959,658

0
63,880,000

68,853
1,376,003

0
13,080,000

0
13,080,000

148,419
93,408,655

11,081
2,294,763

207,333
4,402,501

45,176,929

63,880,000

1,444,855

13,080,000

13,080,000

93,557,074

2,305,844

4,609,834

65,806
0
5,573,000

279,969
1,350,000
1,245,000

0
4,019,000
0

0
21,225,000
0

405,000
8,745,000
25,483,000

11,021
379,034
552,027

45,486
14,102,520
1,494,143

5,638,806

2,874,969

4,019,000

21,225,000

34,633,000

942,081

15,642,149

22,740,000

34,650,000

700,000

18,760,000

18,760,000

37,930,000

943,532

8,043,144

L/3P
7
70,009,083
53,502,276
REV
4
46,275,000
25,455,000
Totals for City of Casa Grande
17
180,934,083
101,697,276

938,655
0

3,166,222
1,510,000

0
0

0
9,660,000

51,274,709
23,945,000

2,158,467
1,279,740

14,408,452
13,707,265

35,588,655

5,376,222

18,760,000

28,420,000

113,149,709

4,381,739

36,158,861

332,870,000

0

29,345,000

0

214,540,000

309,545,000

13,422,283

176,775,000

66,660,000

15,980,000

0

18,740,000

221,525,000

7,674,139

509,645,000

66,660,000

45,325,000

0

233,280,000

531,070,000

21,096,422

City of Apache Junction
L/3P
4
8,680,330
6,610,017
REV
1
3,800,000
2,550,000
Totals for City of Apache Junction
5
12,480,330
9,160,017
City of Avondale
GO
3
35,115,000
MPC
3
46,350,000
REV
3
21,085,000
Totals for City of Avondale
9
102,550,000
City of Benson
L/3P
1
60,000
REV
2
5,240,000
Totals for City of Benson
3
5,300,000
City of Bisbee
L/3P
3
389,768
MPC
3
18,617,548
Totals for City of Bisbee
6
19,007,316
City of Buckeye
L/3P
1
660,486
REV
12
118,898,450
Totals for City of Buckeye
13
119,558,936

City of Bullhead City
L/3P
3
1,237,209
452,090
MPC
2
49,510,000
16,350,000
REV
4
28,023,000
21,220,000
Totals for City of Bullhead City
9
78,770,209
38,022,090
City of Casa Grande
GO
6
64,650,000

City of Chandler
GO
20
676,632,050
REV
21
311,645,000
Totals for City of Chandler
41
988,277,050

21

6% CAPACITY
LIMIT/
DEBT

20% CAPACITY
LIMIT/
DEBT

25,657,824
225,000

85,526,078
22,465,000

23,457,106
7,952,000

78,190,352
29,978,000

134,654,539 169,184,686
8,993,650
49,194,593

563,948,954
300,551,350

183,849,132

TABLE 2

CITY/TOWN FY 2016 DEBT AND DEBT LIMITATIONS
CITY/TOWN
ORIGINAL
DEBT ISSUES/
PRINCIPAL/
TYPE CONTRACTS CONTRACT
City of Coolidge
COP
1
3,795,000
L/3P
5
2,834,021
REV
2
2,197,070
Totals for City of Coolidge
8
8,826,091
City of Cottonwood
L/3P
5
4,443,995
MPC
1
23,965,000
REV
3
42,542,154
Totals for City of Cottonwood
9
70,951,149

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

1,875,000
1,438,200
1,375,291

0
0
0

205,000
426,641
102,887

0
0
0

1,885,000
0
0

1,670,000
1,011,559
1,272,407

78,550
39,572
40,379

147,079
315,668
446,227

4,688,491

0

734,528

0

1,885,000

3,953,966

158,500

908,974

2,921,979
20,100,000
36,917,154

0
0
0

806,166
610,000
1,425,000

0
0
0

0
0
0

2,115,975
20,100,000
36,042,154

45,456
85,632
791,788

133,281
9,581,142
6,089,707

59,939,133

0

2,841,166

0

0

58,258,129

922,876

15,804,129

City of Douglas
L/3P
8
9,506,351
REV
4
14,400,000
Totals for City of Douglas
12
23,906,351

6,692,824
11,144,723

0
0

881,090
455,563

0
3,631,521

0
3,631,521

5,812,067
7,057,639

313,168
200,160

2,779,381
1,630,047

17,837,547

0

1,336,654

3,631,521

3,631,521

12,869,705

513,329

4,409,428

City of El Mirage
GO
5
30,950,000

25,115,000

2,000,000

1,035,000

0

0

26,080,000

1,139,405

6,008,635

4,219
16,411,826

0
10,581,326

3,012
1,303,323

0
0

0
1,142,000

8,901
25,689,830

883
858,599

2,661
4,517,609

41,531,045

12,581,326

2,341,335

0

1,142,000

51,778,731

1,998,887

10,528,905

L/3P
1
16,132
REV
10
38,420,674
Totals for City of El Mirage
16
69,386,806
City of Eloy
L/3P
2
3,450,000
REV
8
15,761,315
Totals for City of Eloy
10
19,211,315

666,431
3,035,957

0
0

219,031
670,131

0
0

0
0

2,564,538
12,055,227

78,239
209,357

432,444
1,958,112

3,702,387

0

889,162

0

0

14,619,766

287,596

2,390,555

City of Flagstaff
COP
1
4,960,000
GO
11
76,461,115

2,670,000
50,360,657

0
0

500,000
5,167,985

0
0

0
8,764,895

2,170,000
45,192,672

86,670
1,619,179

832,572
13,162,431

L/3P
5
8,538,554
MPC
1
4,700,000
REV
11
86,225,760
Totals for City of Flagstaff
29
180,885,429

4,996,678
860,000
57,088,375

204,956
0
0

636,760
860,000
8,757,259

0
0
0

0
0
415,556

4,564,874
0
48,331,116

192,151
22,627
1,450,234

2,513,097
1,958,598
15,060,902

115,975,710

204,956

15,922,004

0

9,180,451

100,258,662

3,370,861

33,527,600

City of Glendale
GO
8
303,490,000

126,305,000

27,285,000

18,460,000

0

45,775,000

135,130,000

5,557,128

69,765,109

56,509
440,505,000
314,625,000

7,053,749
33,830,000
0

51,748
2,775,000
14,690,000

0
35,010,000
0

0
143,685,000
127,420,000

7,058,510
436,550,000
299,935,000

1,817
20,871,773
14,557,483

179,062
151,337,649
106,579,643

881,491,509

68,168,749

35,976,748

35,010,000

316,880,000

878,673,510

40,988,201

327,861,463

L/3P
3
8,431,100
MPC
11
594,105,000
REV
8
515,055,000
Totals for City of Glendale
30
1,421,081,100

22

6% CAPACITY
LIMIT/
DEBT

8,049,641
6,093,600

20% CAPACITY
LIMIT/
DEBT

26,832,138
19,986,400

142,501,499
45,192,672

281,212,462
135,130,000

TABLE 2

CITY/TOWN FY 2016 DEBT AND DEBT LIMITATIONS
CITY/TOWN
ORIGINAL
DEBT ISSUES/
PRINCIPAL/
TYPE CONTRACTS CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

City of Globe
REV
2
10,500,000
Totals for City of Globe
2
10,500,000

5,788,452

0

294,751

3,000,000

3,000,000

5,493,701

171,364

1,750,152

5,788,452

0

294,751

3,000,000

3,000,000

5,493,701

171,364

1,750,152

City of Goodyear
GO
7
124,690,000

97,790,000

0

7,520,000

0

4,790,000

90,270,000

4,242,365

36,687,564

111,895,088
79,076,238

0
11,540,000

1,176,095
3,001,834

0
4,240,081

27,755,000
4,540,081

110,718,993
83,374,323

5,658,690
4,194,801

44,758,096
36,945,085

288,761,326

11,540,000

11,697,929

4,240,081

37,085,081

284,363,316

14,095,856

118,390,745

1,871,000

0

355,000

0

0

1,516,000

55,291

279,944

1,871,000

0

355,000

0

0

1,516,000

55,291

279,944

MPC
4
146,025,000
REV
8
110,914,901
Totals for City of Goodyear
19
381,629,901
City of Holbrook
REV
1
3,224,000
Totals for City of Holbrook
1
3,224,000

6% CAPACITY
LIMIT/
DEBT

20% CAPACITY
LIMIT/
DEBT

47,056,588
205,000

156,855,293
90,065,000

38,573,909
13,731,633

128,579,696
118,452,799

17,797,344
7,571,747

59,324,480
35,523,253

673,179,040
349,902,931

City of Kingman
L/3P
1
209,613
REV
7
67,013,895
Totals for City of Kingman
8
67,223,508

85,025
44,608,936

0
0

41,888
3,860,735

0
0

0
0

43,137
40,748,201

2,543
1,653,863

11,241
15,032,321

44,693,961

0

3,902,623

0

0

40,791,338

1,656,406

15,043,562

City of Lake Havasu City
GO
7
254,835,191

91,436,858

132,044,432

91,366,858

0

0

132,114,432

3,399,728

31,179,770

L/3P
6
11,664,478
6,645,979
REV
12
276,073,151
193,428,662
Totals for City of Lake Havasu City
25
542,572,820
291,511,499

3,046,010
98,300,000

1,206,962
185,504,452

0
0

0
0

8,485,027
106,224,210

271,490
6,195,570

1,208,181
59,883,665

233,390,442

278,078,272

0

0

246,823,669

9,866,788

92,271,616

0

4,095,000

230,000

0

0

3,865,000

52,826

101,542

0

4,095,000

230,000

0

0

3,865,000

52,826

101,542

City of Maricopa
GO
3
51,605,000

44,740,000

0

1,645,000

0

0

43,095,000

2,087,776

9,952,958

Totals for City of Maricopa
3
51,605,000

44,740,000

0

1,645,000

0

0

43,095,000

2,087,776

9,952,958

481,420,000

337,190,000

81,110,000

20,950,000

46,400,000

55,315,000

350,950,000

12,782,256

L/3P
5
80,967,810
REV
37
1,931,726,840
Totals for City of Mesa
60
2,494,114,650

79,954,302
1,204,630,000

0
228,535,000

77,966,189
33,935,000

0
146,480,000

0
556,080,000

1,984,773
1,252,750,000

370,789
54,401,617

93,923,936 201,953,712
1,047,069
15,086,684
532,513,556

1,621,774,302

309,645,000

132,851,189

192,880,000

611,395,000

1,605,684,773

67,554,663

641,524,177

City of Litchfield Park
REV
1
4,095,000
Totals for City of Litchfield Park
1
4,095,000

City of Mesa
GO
18

23

TABLE 2

CITY/TOWN FY 2016 DEBT AND DEBT LIMITATIONS
CITY/TOWN
ORIGINAL
DEBT ISSUES/
PRINCIPAL/
TYPE CONTRACTS CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

City of Page
L/3P
3
542,185
MPC
1
2,710,000
REV
1
11,730,000
Totals for City of Page
5
14,982,185

223,283
943,520
10,050,000

0
0
0

77,606
184,171
755,000

0
0
0

0
0
0

75,280
943,520
9,295,000

5,104
10,143
437,038

68,050
812,143
2,187,506

11,216,803

0

1,016,776

0

0

10,313,800

452,285

3,067,699

City of Peoria
GO
8
335,510,000

132,660,000

96,750,000

10,210,000

69,250,000

69,250,000

149,950,000

2,300,526

47,667,866

MPC
4
97,105,000
REV
13
156,095,886
Totals for City of Peoria
25
588,710,886

74,645,000
94,689,336

0
14,000,000

4,550,000
10,436,745

0
0

0
0

70,095,000
98,252,591

3,018,670
3,131,305

23,299,779
28,109,324

301,994,336

110,750,000

25,196,745

69,250,000

69,250,000

318,297,591

8,450,501

99,076,969

City of Phoenix
GO
12
1,827,170,000

1,428,096,582

0

91,381,582

0

259,395,000

1,336,715,000

61,919,041

6% CAPACITY
LIMIT/
DEBT

20% CAPACITY
LIMIT/
DEBT

85,498,862
4,814,727

284,996,207
145,135,273

L/3P
10
15,455,009
MPC
39
5,350,737,352
REV
12
676,934,018
Totals for City of Phoenix
73
7,870,296,379

10,463,668
4,546,399,343
345,717,036

0
114,440,000
305,940,000

2,654,361
192,795,000
955,711

0
20,000,000
329,720,000

0
129,715,000
329,720,000

7,809,307
4,448,044,343
320,981,325

249,110
236,513,213
8,543,865

516,459,477 767,054,674 2,556,848,914
274,835,000 1,061,880,000
633,028
1,407,178,800
175,606,964

6,330,676,629

420,380,000

287,786,653

349,720,000

718,830,000

6,113,549,976

307,225,228

2,099,878,268

City of Prescott
GO
1
1,510,000

355,000

0

175,000

0

0

180,000

14,200

351,601

72,676,361
31,016,670
34,852

0
0
0

3,686,123
1,451,000
5,044

0
0
0

0
0
0

69,501,550
33,723,670
29,807

2,123,173
1,727,590
880

9,456,613
10,291,973
18,083

104,082,883

0

5,317,167

0

0

103,435,027

3,865,843

20,118,270

418,251
22,835,001

685,000
0

225,059
6,978,979

0
0

0
0

878,192
15,856,023

14,825
841,384

112,651
6,275,181

23,253,252

685,000

7,204,038

0

0

16,734,214

856,209

6,387,832

477,609
76,150,000
20,126,967

0
0
0

101,124
3,320,000
221,964

0
0
0

0
0
0

376,486
71,775,000
19,905,000

20,768
4,492,512
1,225,198

34,893
7,178,517
7,445,546

96,754,576

0

3,643,088

0

0

92,056,486

5,738,478

14,658,956

11,762,134
586,910,000

0
0

2,215,796
35,395,000

0
0

0
181,360,000

9,546,338
551,515,000

332,883
21,457,036

L/3P
1
106,071
15,345
MPC
14
817,425,000
503,925,000
REV
5
121,965,000
73,700,000
Totals for City of Scottsdale
34
1,878,526,071 1,176,312,479

0
0
0

15,345
20,215,000
7,395,000

0
0
0

0
247,705,000
0

0
483,710,000
66,305,000

231
23,220,463
3,629,250

2,796,285
179,307,292 357,383,544 1,191,278,479
37,747,344
513,767,656
10,747
196,396,777
41,473,495

0

65,236,141

0

429,065,000

1,111,076,338

48,639,863

419,984,596

L/3P
9
82,811,554
MPC
4
42,785,000
REV
1
95,840
Totals for City of Prescott
15
127,202,394
City of Safford
L/3P
4
1,495,647
REV
10
30,940,000
Totals for City of Safford
14
32,435,647
City of San Luis
L/3P
2
554,453
MPC
3
77,940,000
REV
3
20,380,000
Totals for City of San Luis
8
98,874,453
City of Scottsdale
COP
1
20,000,000
GO
13
919,030,000

24

124,245,454
180,000

TABLE 2

CITY/TOWN FY 2016 DEBT AND DEBT LIMITATIONS
CITY/TOWN
ORIGINAL
DEBT ISSUES/
PRINCIPAL/
TYPE CONTRACTS CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

6,305,000
35,955,000

0
8,030,000

0
5,260,000

0
7,335,000

34,165,000
7,335,000

6,305,000
31,390,000

0
808,167

13,508,146
7,217,169

42,260,000

8,030,000

5,260,000

7,335,000

41,500,000

37,695,000

808,167

20,725,315

1,102,000
24,158,477

0
0

220,000
1,331,903

0
0

0
0

882,000
17,888,768

48,381
539,541

231,952
4,338,775

25,260,477

0

1,551,903

0

0

18,770,768

587,922

4,570,727

0
0

1,118,307
2,690,000

0
0

0
0

8,412,454
15,515,000

220,359
735,570

948,675
7,650,068

0

3,808,307

0

0

23,927,454

955,929

8,598,743

385,305
6,182,996
19,161,234

0
0
0

54,585
277,668
563,047

0
0
100,000

0
0
800,000

331,220
6,040,869
18,650,776

6,944
138,498
428,585

10,206
833,784
1,262,638

25,729,535

0

895,300

100,000

800,000

25,022,865

574,027

2,106,628

0
0

56,617
155,000

0
0

0
0

157,996
7,335,000

8,105
445,431

25,697
4,017,702

0

211,617

0

0

7,492,996

453,536

4,043,399

727,023
2,229,972

0
0

87,219
186,426

0
0

0
0

639,804
2,043,547

23,678
54,479

86,708
403,689

2,956,995

0

273,645

0

0

2,683,351

78,157

490,397

39,365,000
36,665,000

0
0

1,780,000
2,685,000

0
0

0
0

37,585,000
33,980,000

1,837,410
1,553,369

20,946,034
1,553,369

76,030,000

0

4,465,000

0

0

71,565,000

3,390,779

22,499,403

684,685,000

386,875,000

100,070,000

30,725,000

90,445,000

134,475,000

365,775,000

14,564,773

L/3P
6
23,921,743
REV
14
359,120,000
Totals for City of Tempe
38
1,067,726,743

16,754,957
240,760,000

0
42,485,000

1,351,047
26,290,000

0
21,710,000

0
37,635,000

15,403,910
235,245,000

315,007
10,490,909

120,576,760 112,400,797
78,495,000
4,631,521
77,381,166

644,389,957

142,555,000

58,366,047

112,155,000

172,110,000

616,423,910

25,370,690

202,589,447

City of Tolleson
GO
5
42,270,000

29,738,090

0

3,545,553

0

0

26,192,537

1,144,994

9,654,627

7,070,000
3,059,350

0
0

375,000
175,395

0
0

0
0

6,695,000
2,883,955

331,813
101,081

2,617,167
803,502

39,867,440

0

4,095,948

0

0

35,771,492

1,577,888

13,075,296

City of Sedona
MPC
1
REV
5
Totals for City
6

41,035,000
54,515,000
of Sedona
95,550,000

City of Show Low
L/3P
2
1,703,899
REV
8
29,535,000
Totals for City of Show Low
10
31,238,899

City of Sierra Vista
L/3P
4
12,366,841
9,530,761
MPC
2
32,520,000
18,205,000
Totals for City of Sierra Vista
6
44,886,841
27,735,761
City of Somerton
L/3P
3
387,586
MPC
3
6,676,848
REV
10
23,118,363
Totals for City of Somerton
16
30,182,797

City of South Tucson
L/3P
1
288,711
214,613
MPC
1
7,905,000
7,490,000
Totals for City of South Tucson
2
8,193,711
7,704,613
City of St. Johns
L/3P
2
800,178
REV
5
4,663,045
Totals for City of St. Johns
7
5,463,223
City of Surprise
MPC
1
50,675,000
REV
1
36,665,000
Totals for City of Surprise
2
87,340,000
City of Tempe
GO
18

MPC
1
9,100,000
REV
1
4,000,000
Totals for City of Tolleson
7
55,370,000

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

25

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

6% CAPACITY
LIMIT/
DEBT

20% CAPACITY
LIMIT/
DEBT

374,669,324
287,280,000

39,933,801
26,192,537

TABLE 2

CITY/TOWN FY 2016 DEBT AND DEBT LIMITATIONS
CITY/TOWN
ORIGINAL
DEBT ISSUES/
PRINCIPAL/
TYPE CONTRACTS CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

City of Tombstone
GO
1
1,000,000

900,000

0

100,000

0

0

800,000

21,510

54,505

0
359,100

700,000
0

23,585
24,000

0
0

0
0

676,415
313,000

2,959
14,085

2,959
408,870

1,259,100

700,000

147,585

0

0

1,789,415

38,554

466,334

242,365,000
213,495,000

34,160,000
43,020,000

16,865,000
23,780,000

35,910,000
23,875,000

108,735,000
79,285,000

223,750,000
208,860,000

11,838,747
8,891,481

92,786,544
101,509,402

16,008,745
603,104,120

16,445,984
89,020,000

1,648,221
38,090,154

0
81,485,000

0
209,535,000

30,806,507
564,553,964

544,923
26,529,246

3,504,773
192,801,574

1,074,972,865

182,645,984

80,383,375

141,270,000

397,555,000

1,027,970,471

47,804,397

390,602,293

4,815,000

2,185,000

0

365,000

1,355,000

1,355,000

465,000

96,765

1,657,998

MPC
1
1,380,000
REV
3
2,151,700
Totals for City of Willcox
7
8,346,700

0
1,373,934

1,380,000
0

0
74,619

0
0

0
0

1,380,000
1,299,315

0
56,040

0
887,558

3,558,934

1,380,000

439,619

1,355,000

1,355,000

3,144,315

152,805

2,545,556

1,056,160
22,218,413

83,725
450,000

244,355
1,563,343

0
0

0
0

896,530
21,105,070

45,138
794,257

323,900
8,362,037

23,274,573

533,725

1,807,698

0

0

22,001,600

839,395

8,685,937

426,581
4,897,403

0
0

243,410
432,924

0
0

0
0

282,361
4,464,479

20,370
183,891

309,360
3,270,862

5,323,984

0

676,334

0

0

4,746,840

204,261

3,580,222

45,053,648
188,780,000
1,965,000

0
178,060,000
0

5,134,141
10,030,000
290,000

0
166,155,000
0

0
166,155,000
0

39,919,507
190,655,000
1,675,000

1,581,750
6,448,060
85,540

29,132,201
86,437,288
1,830,482

235,798,648

178,060,000

15,454,141

166,155,000

166,155,000

232,249,507

8,115,350

117,399,971

471,891
6,939,371

0
0

206,410
1,478,706

0
0

0
0

820,421
5,460,665

10,400
228,948

29,896
1,171,985

7,411,262

0

1,685,116

0

0

6,281,086

239,348

1,201,881

1,867,983

407,400

185,544

0

0

2,089,839

74,283

1,077,611

1,867,983

407,400

185,544

0

0

2,089,839

74,283

1,077,611

L/3P
1
700,000
REV
1
586,500
Totals for City of Tombstone
3
2,286,500
City of Tucson
COP
16
399,525,000
GO
16
357,595,000
L/3P
7
39,949,934
REV
52
940,500,777
Totals for City of Tucson
91
1,737,570,711
City of Willcox
GO
3

City of Williams
L/3P
8
2,105,204
REV
11
32,893,343
Totals for City of Williams
19
34,998,547
City of Winslow
L/3P
4
1,581,812
REV
4
7,878,750
Totals for City of Winslow
8
9,460,562
City of Yuma
L/3P
3
90,414,920
MPC
8
439,305,000
REV
1
3,875,000
Totals for City of Yuma
12
533,594,920
Town of Camp Verde
L/3P
3
1,328,442
REV
3
7,949,000
Totals for Town of Camp Verde
6
9,277,442
Town of Carefree
L/3P
2
3,739,680
Totals for Town of Carefree
2
3,739,680

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

26

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

6% CAPACITY
LIMIT/
DEBT

20% CAPACITY
LIMIT/
DEBT

2,763,063
800,000

649,621,084
208,860,000

3,899,255
465,000

TABLE 2

CITY/TOWN FY 2016 DEBT AND DEBT LIMITATIONS
CITY/TOWN
ORIGINAL
DEBT ISSUES/
PRINCIPAL/
TYPE CONTRACTS CONTRACT
Town of Cave Creek
COP
1
1,710,000
REV
7
68,537,000
Totals for Town of Cave Creek
8
70,247,000

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

580,000
49,409,027

0
0

115,000
3,155,591

0
0

0
0

465,000
46,253,436

31,986
1,713,336

1,431,127
16,021,520

49,989,027

0

3,270,591

0

0

46,718,436

1,745,322

17,452,647

7,605,646

783,075

6,997,819

8,182,821

22,347,606

919,441

5,692,229

7,605,646

783,075

6,997,819

8,182,821

22,347,606

919,441

5,692,229

95,000
4,845,249

0
7,872,000

95,000
1,106,209

0
500,000

0
1,300,000

0
11,111,040

6,033
136,972

416,011
647,495

4,940,249

7,872,000

1,201,209

500,000

1,300,000

11,111,040

143,004

1,063,505

0

0

0

0

0

0

0

0

322,065

192,337

167,243

0

0

347,159

21,261

51,655

322,065

192,337

167,243

0

0

347,159

21,261

51,655

0

0

0

0

0

0

0

0

554,964

0

15,869

0

0

539,095

29,061

431,815

554,964

0

15,869

0

0

539,095

29,061

431,815

421,030
3,209,804

0
0

421,030
264,084

0
0

0
2,292,142

0
2,945,720

2,466
116,954

179,400
1,219,254

3,630,834

0

685,114

0

2,292,142

2,945,720

119,420

1,398,653

Town of Chino Valley
REV
11
26,868,671
22,522,854
Totals for Town of Chino Valley
11
26,868,671
22,522,854
Town of Clarkdale
MPC
1
665,000
REV
4
14,958,613
Totals for Town of Clarkdale
5
15,623,613
Town of Clifton
0

0

Town of Colorado City
L/3P
9
749,486
Totals for Town of Colorado City
9
749,486
Town of Dewey
0

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

6% CAPACITY
LIMIT/
DEBT

20% CAPACITY
LIMIT/
DEBT

Humboldt
0

Town of Duncan
REV
1
800,000
Totals for Town of Duncan
1
800,000
Town of Eagar
L/3P
1
570,000
REV
4
6,546,000
Totals for Town of Eagar
5
7,116,000
Town of Florence
L/3P
3
6,940,000
REV
3
10,325,000
Totals for Town of Florence
6
17,265,000

952,570
5,148,170

4,740,000
0

328,272
518,884

0
0

0
0

624,298
4,629,286

31,390
138,339

490,675
3,610,952

6,100,740

4,740,000

847,156

0

0

5,253,584

169,729

4,101,627

Town of Fountain Hills
GO
2
14,790,000

9,175,000

0

1,770,000

0

0

7,405,000

321,622

2,284,547

MPC
1
1,880,000
1,880,000
Totals for Town of Fountain Hills
3
16,670,000
11,055,000

0

480,000

0

0

1,400,000

32,740

32,740

0

2,250,000

0

0

8,805,000

354,362

2,317,287

27

94,396,980
7,405,000

TABLE 2

CITY/TOWN FY 2016 DEBT AND DEBT LIMITATIONS
CITY/TOWN
ORIGINAL
DEBT ISSUES/
PRINCIPAL/
TYPE CONTRACTS CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

32,767
3,668,822

0
0

8,913
138,852

0
0

0
0

23,854
3,529,970

1,146
126,373

3,495
1,123,802

3,701,589

0

147,765

0

0

3,553,824

127,519

1,127,297

1,506,238

0

75,174

0

0

1,382,229

35,737

165,980

1,506,238

0

75,174

0

0

1,382,229

35,737

165,980

122,715,000

0

17,465,000

0

0

105,250,000

5,349,500

59,630,975

268,220,000

115,940,000

35,538,980

75,326,020

105,531,020

273,295,000

15,357,477

120,765,720

390,935,000

115,940,000

53,003,980

75,326,020

105,531,020

378,545,000

20,706,977

180,396,695

1,925,000

0

210,000

0

4,080,000

1,715,000

78,600

191,679

1,925,000

0

210,000

0

4,080,000

1,715,000

78,600

191,679

446,867

0

6,419

0

0

440,448

11,192

43,132

446,867

0

6,419

0

0

440,448

11,192

43,132

732,173

0

229,553

0

0

390,521

17,725

87,703

732,173

0

229,553

0

0

390,521

17,725

87,703

0
190,572

31,390
0

7,463
9,847

0
0

0
0

23,927
180,725

1,013
8,576

1,013
158,994

190,572

31,390

17,310

0

0

204,652

9,589

160,007

105,221
760,000

137,296
0

28,324
20,000

0
0

0
0

119,841
740,000

3,039
38,438

93,199
850,364

865,221

137,296

48,324

0

0

859,841

41,477

943,563

0

0

0

0

0

0

0

0

0

6,493,000

6,140,000

0

380,000

0

0

5,760,000

156,570

335,019

MPC
1
39,790,000
REV
3
61,897,000
Totals for Town of Marana
5
108,180,000

24,885,000
52,174,000

0
0

1,400,000
2,995,000

0
0

0
0

23,485,000
49,179,000

1,236,288
2,303,245

12,972,903
14,215,386

83,199,000

0

4,775,000

0

0

78,424,000

3,696,103

27,523,308

Town of Fredonia
L/3P
1
45,506
REV
5
4,625,320
Totals for Town of Fredonia
6
4,670,826
Town of Gila Bend
L/3P
3
1,842,088
Totals for Town of Gila Bend
3
1,842,088
Town of Gilbert
GO
2
202,105,000
REV
10
534,290,000
Totals for Town of Gilbert
12
736,395,000
Town of Guadalupe
REV
3
7,880,000
Totals for Town of Guadalupe
3
7,880,000
Town of Hayden
MPC
1
452,000
Totals for Town of Hayden
1
452,000
Town of Huachuca City
L/3P
9
1,139,169
Totals for Town of Huachuca City
9
1,139,169
Town of Jerome
L/3P
1
31,390
REV
2
300,000
Totals for Town of Jerome
3
331,390
Town of Kearny
L/3P
2
402,294
REV
1
950,000
Totals for Town of Kearny
3
1,352,294
Town of Mammoth
0
Town of Marana
GO
1

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

28

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

6% CAPACITY
LIMIT/
DEBT

20% CAPACITY
LIMIT/
DEBT

453,843,007
105,250,000

28,124,549
5,760,000

93,748,496
5,760,000

TABLE 2

CITY/TOWN FY 2016 DEBT AND DEBT LIMITATIONS
CITY/TOWN
ORIGINAL
DEBT ISSUES/
PRINCIPAL/
TYPE CONTRACTS CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

0

0

0

0

0

0

0

0

247,456
19,340,000
31,104,906

0
0
0

216,916
950,000
3,169,499

0
0
0

0
0
0

1,058,594
18,390,000
27,935,407

30,128
1,015,380
361,339

36,734
8,081,736
5,008,274

50,692,362

0

4,336,416

0

0

47,384,001

1,406,847

13,126,743

0
0
7,880,000

576,463
1,330,000
0

0
0
0

0
0
0

167,788
3,160,000
7,880,000

20,944
164,813
49,570

1,077,520
2,064,185
49,570

7,880,000

1,906,463

0

0

11,207,788

235,326

3,191,275

28,894
2,120,000

0
0

28,894
225,000

0
0

0
0

0
1,900,000

1,734
82,440

5,103
399,260

2,148,894

0

253,894

0

0

1,900,000

84,174

404,363

779,281

0

37,689

0

0

742,350

33,437

112,209

779,281

0

37,689

0

0

742,350

33,437

112,209

1,525,000

1,525,000

0

280,000

0

0

1,245,000

45,694

317,516

L/3P
5
1,629,937
REV
5
24,570,000
Totals for Town of Payson
11
27,724,937

195,397
19,699,468

1,079,421
0

216,881
593,426

0
0

0
0

1,057,937
15,044,354

8,033
276,264

37,177
1,632,520

21,419,865

1,079,421

1,090,307

0

0

17,347,291

329,991

1,987,213

13,431

0

6,844

6,844

26,149

0

267

2,252

13,431

0

6,844

6,844

26,149

0

267

2,252

475,672

66,708

0

0

910,902

43,303

104,406

475,672

66,708

0

0

910,902

43,303

104,406

0
8,845,000
0
0

755,000
917,309
2,405,000
1,580,000

8,190,000
0
0
0

8,190,000
0
0
0

2,445,000
16,926,059
26,800,000
5,190,000

305,756
302,798
1,153,899
297,400

4,443,758
3,678,719
6,442,547
3,628,070

8,845,000

5,657,309

8,190,000

8,190,000

51,361,059

2,059,853

18,193,094

Town of Miami
0

0

Town of Oro Valley
L/3P
6
1,475,401
MPC
3
22,835,000
REV
7
44,758,971
Totals for Town of Oro Valley
16
69,069,372

Town of Paradise Valley
L/3P
2
4,889,066
744,251
MPC
1
11,055,000
4,490,000
REV
1
7,880,000
0
Totals for Town of Paradise Valley
4
23,824,066
5,234,251
Town of Parker
L/3P
1
86,781
REV
3
2,535,000
Totals for Town of Parker
4
2,621,781
Town of Patagonia
MPC
3
1,158,235
Totals for Town of Patagonia
3
1,158,235
Town of Payson
GO
1

Town of Pima
L/3P
1
26,194
Totals for Town of Pima
1
26,194

Town of Pinetop-Lakeside
L/3P
7
1,042,565
502,347
Totals for Town of Pinetop-Lakeside
7
1,042,565
502,347
Town of Prescott Valley
COP
1
15,910,000
11,390,000
L/3P
3
23,162,470
8,998,369
MPC
4
38,045,000
29,205,000
REV
1
16,620,000
6,770,000
Totals for Town of Prescott Valley
9
93,737,470
56,363,369

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

29

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

6% CAPACITY
LIMIT/
DEBT

10,754,003
1,245,000

20% CAPACITY
LIMIT/
DEBT

TABLE 2

CITY/TOWN FY 2016 DEBT AND DEBT LIMITATIONS
CITY/TOWN
ORIGINAL
DEBT ISSUES/
PRINCIPAL/
TYPE CONTRACTS CONTRACT
Town of Quartzsite
MPC
4
11,761,112
Totals for Town of Quartzsite
4
11,761,112

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

8,864,084

0

434,998

0

0

9,122,087

345,295

3,541,377

8,864,084

0

434,998

0

0

9,122,087

345,295

3,541,377

0
0

1,232,267
12,727,803

0
0

0
0

40,800,807
124,698,061

1,912,905
5,727,338

15,557,211
51,124,071

0

13,960,070

0

0

165,498,868

7,640,243

66,681,282

0
39,302,812

286,327
390,351

27,317
2,515,427

0
0

0
0

259,010
37,177,736

8,078
1,789,353

8,078
16,639,871

39,302,812

676,678

2,542,744

0

0

37,436,746

1,797,431

16,647,949

5,075,000

0

315,000

0

4,560,000

4,760,000

119,490

655,437

5,075,000

0

315,000

0

4,560,000

4,760,000

119,490

655,437

0
0

25,340
51,953

0
0

0
0

28,275
1,200,614

2,706
5,678

6,064
10,338

0

77,293

0

0

1,228,889

8,384

16,402

0

0

0

0

0

0

0

0

64,828
445,000

0
0

1,433
115,000

0
0

0
0

63,395
330,000

2,567
22,440

13,455
1,182,427

509,828

0

116,433

0

0

393,395

25,007

1,195,882

281,585
3,932,303

0
0

18,415
587,495

0
0

0
0

0
3,344,808

414
85,755

76,588
804,248

4,213,888

0

605,910

0

0

3,344,808

86,170

880,836

156,453
1,975,000

0
0

108,904
105,000

0
0

0
0

53,285
1,870,000

5,735
86,331

92,520
835,760

2,131,453

0

213,904

0

0

1,923,285

92,066

928,279

0

0

0

0

0

0

0

0

Town of Queen Creek
L/3P
9
49,626,955
42,033,074
REV
6
175,615,000
137,425,864
Totals for Town of Queen Creek
15
225,241,955
179,458,938
Town of Sahuarita
L/3P
1
286,327
REV
5
63,371,178
Totals for Town of Sahuarita
6
63,657,505
Town of Snowflake
REV
3
5,660,000
Totals for Town of Snowflake
3
5,660,000

Town of Springerville
L/3P
2
90,174
60,975
REV
2
1,303,218
1,252,567
Totals for Town of Springerville
4
1,393,392
1,313,542
Town of Star Valley
0

0

Town of Superior
L/3P
2
569,273
REV
1
1,200,000
Totals for Town of Superior
3
1,769,273
Town of Taylor
L/3P
1
300,000
REV
3
5,032,113
Totals for Town of Taylor
4
5,332,113
Town of Thatcher
L/3P
1
651,330
REV
1
2,500,000
Totals for Town of Thatcher
2
3,151,330
Town of Tusayan
0

0

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

30

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

6% CAPACITY
LIMIT/
DEBT

20% CAPACITY
LIMIT/
DEBT

TABLE 2

CITY/TOWN FY 2016 DEBT AND DEBT LIMITATIONS
CITY/TOWN
ORIGINAL
DEBT ISSUES/
PRINCIPAL/
TYPE CONTRACTS CONTRACT
Town of Wellton
L/3P
3
869,200
Totals for Town of Wellton
3
869,200
Town of Wickenburg
L/3P
2
3,742,000
Totals for Town of Wickenburg
2
3,742,000

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

6% CAPACITY
LIMIT/
DEBT

106,718

589,196

63,338

0

0

632,577

13,743

71,858

106,718

589,196

63,338

0

0

632,577

13,743

71,858

2,156,791

0

176,238

0

0

1,980,552

74,386

886,875

2,156,791

0

176,238

0

0

1,980,552

74,386

886,875

Town of Winkelman
0

0

0

0

0

0

0

0

0

0

Town of Youngtown
0

0

0

0

0

0

0

0

0

0

445,900,000
6,498,346,356
598,701,320
7,996,913,095
7,295,236,516

270,642,134
4,074,637,187
406,985,509
6,243,168,469
4,512,607,221

34,160,000
516,929,432
46,007,924
327,710,000
1,088,777,323

20,655,796
393,051,978
108,868,401
254,555,315
450,812,891

44,100,000
250,085,000
6,844
225,184,000
693,605,441

118,810,000
1,073,064,895
26,149
770,405,000
1,448,680,141

240,046,338
3,953,109,641
343,271,615
6,090,039,626
4,444,926,607

12,674,592
163,181,150
11,455,256
312,253,777
187,697,505

102,437,365
1,456,522,191
111,704,406
2,061,814,351
1,671,130,489

22,835,097,287 15,508,040,521

2,013,584,679

1,227,944,382

1,212,981,285

3,410,986,185 15,071,393,827

687,262,279

5,403,608,803

GRAND TOTALS

COP
GO
L/3P
MPC
REV

21
171
214
128
419

Grand
Totals 953

31

20% CAPACITY
LIMIT/
DEBT

32

COMMUNITY COLLEGES
As of June 30, 2016, community colleges reported total outstanding debt of $748.7
million (outstanding bonds of $743.7 million and outstanding leases of $4.9 million), an 8.3%
decrease from the prior fiscal year. For FY 2015, community colleges reported total outstanding
debt of $817.2 million (outstanding bonds of $804 million and outstanding leases of $13.2
million).
Community college bonded debt can consist of general obligation debt, revenue bonds and
certificates of participation. As of June 30, 2016 general obligation debt totaled $701.8 million for
community colleges, a 9.2% decrease from the $773 million reported for FY 2015.
Revenue bonds amounted to $41.9 million in FY 16, a 36 percent increase from FY 15. During
FY 2015/16, $76.2 million of outstanding principal was retired. Of the 12 community colleges,
Eastern Arizona College, Gila County Provisional College, Mohave Community College, Pima
College and Santa Cruz County Provisional College reported no outstanding long term debt.
Community College lease purchases represent debt issued with a term in excess of one year.
As of June 30, 2016, lease purchases totaled $4.9 million for community colleges, reported by
three colleges.
The following table lists debt by community college ranked from highest debt to lowest debt.

COMMUNITY COLLEGE
Maricopa County Community College
District
Central Arizona Community College
Arizona Western College
Yavapai College
Cochise County Community College District
Coconino Community College District
Northland Pioneer College
Eastern Arizona College
Gila County Provisional District
Mohave Community College District
Pima County Community College District
Santa Cruz County Provisional Community
College District
Total

OUTSTANDING
BONDS

TOTAL
OUTSTANDING
OUTSTANDING
LEASES
DEBT

$534,225,000

$0

$534,225,000

$88,975,000
$54,410,000
$37,890,000
$22,240,000
$5,990,000
$0
$0
$0
$0
$0

$2,853,081
$0
$0
$2,070,000
$0
$20,677
$0
$0
$0
$0

$91,828,081
$54,410,000
$37,890,000
$24,310,000
$5,990,000
$20,677
$0
$0
$0
$0

$0

$0

$0

$743,730,000

$4,943,758

$748,673,758

Please note that the outstanding balances listed in the report should reflect all debt as of June
30, 2016. However, the year-end balances should reflect any July 1, 2016 payments, if the
payment amount has been deposited into a dedicated fund for the payment of the principal.

33

GENERAL OBLIGATION DEBT
Total outstanding general obligation debt for Community Colleges as of June 30, 2016 was $701.8
million, or 94% of outstanding Community College debt. Arizona Western, Central Arizona,
Coconino, Maricopa, and Yavapai Community Colleges reported general obligation debt subject to
the constitutional 15% debt limitation imposed on school districts, which includes community college
districts. Community Colleges that reported general obligation debt had available capacity as shown
on the following table.

CURRENT
CAPACITY

GO DEBT

$175,273,871
$367,537,854

$54,410,000
$82,770,000

% OF
CAPACITY
USED
31.04%
22.52%

$6,168,840,602

$534,225,000

8.66%

$383,020,974
$240,350,987

$24,405,000
$5,990,000

6.37%
2.49%

COMMUNITY COLLEGE
Arizona Western College
Central Arizona Community College
Maricopa County Community College
District
Yavapai College
Coconino Community College District

REVENUE BONDS
Central Arizona, Cochise, and Yavapai Community Colleges have outstanding revenue bonds. These
bonds are secured by and are to be repaid from student tuition and fees. Buildings and general
construction are the primary purposes listed for these bonds. The outstanding balance in revenue bonds
at the end of FY 2015/16 was $41.9 million, after retiring $3 million during the fiscal year.
CERTIFICATES OF PARTICIPATION
There were no outstanding certificates of participation bonds in FY 2015/16.
NEW BONDS
During FY 2015/16, Cochise and Central Arizona issued $50.9 in new bonds. Detail of new bond
issues can be found in Section Two and Table 38.
LEASE PURCHASES
Lease purchases represent debt issued with a term greater than one year. As of June 30, 2016,
three community colleges reported outstanding lease purchases of $4.9 million.
INTEREST
Community colleges reported a total interest paid on bonds during FY 2015/16 of $ 30.6 million on
$748.7 million of outstanding principal as of June 30, 2016, and $238.5 million interest paid to date
on 26 debt issues with an original principal of $1.2 billion.
PER STUDENT AND PER CAPITA DEBT
Two methods of determining the level of debt in relation to the other community colleges is dividing total
outstanding debt by the full-time student count or the population of the county. High per student and per
capita debt is neither good nor bad; it is simply a comparative tool to describe how the community
college compares to others. Using the per student measure, Central Arizona College has the most debt
per student, as can be seen on the following table.

34

COMMUNITY COLLEGE
Central Arizona Community College
Yavapai College
Arizona Western College
Maricopa County Community College
District
Cochise County Community College District
Coconino Community College District
Northland Pioneer College

PER STUDENT
BOND DEBT
$22,814
$10,569
$10,241

PER STUDENT
LEASE DEBT
$732
$0
$0

PER STUDENT
TOTAL DEBT
$23,546
$10,569
$10,241

$7,431

$0

$7,431

$3,590
$2,985
$0

$334
$0
$11

$3,924
$2,985
$11

The student population counts used to calculate the per student debt are provided by the Auditor
General’s Full-Time Equivalent Student Enrollment Report found at:
https://www.azauditor.gov/sites/default/files/AZ_Cty_Community_College_Dist_and_Colleges_of_Q
ualifying_Indian_Tribes_June%2030%2C_2016_FTSE_Report.
Using the per capita measure, Arizona Western has the most debt per capita, as can be seen on the
following table.

COMMUNITY COLLEGE
Arizona Western College
Central Arizona Community College
Cochise County Community College District
Yavapai College
Maricopa County Community College
District
Coconino Community College District
Northland Pioneer College

PER CAPITA
BOND DEBT
$230
$219
$172
$174

PER CAPITA
LEASE DEBT
$0
$7
$16
$0

PER CAPITA
TOTAL DEBT
$230
$226
$188
$174

$131

$0

$131

$42
$0

$0
$0

$42
$0

35

36

TABLE 3

COMMUNITY COLLEGE FY 2016 DEBT AND DEBT LIMITATIONS
COLLEGE
ORIGINAL
DEBT ISSUES/
PRINCIPAL/
TYPE CONTRACTS CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

Arizona Western College
GO
3
99,050,000

56,985,000

0

2,575,000

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

0

OUTSTANDING
PRINCIPAL
6/30/2016

30,630,000

54,410,000

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

2,399,563

15%
CAPACITY

23,642,258
175,273,870.50

Totals for Arizona Western College
3
99,050,000
56,985,000

0

2,575,000

0

30,630,000

54,410,000

2,399,563

23,642,258

Central Arizona Community College
GO
3
127,870,000
85,940,000

28,895,000

2,810,000

29,255,000

29,255,000

82,770,000

2,719,705

0
0

337,559
1,610,000

0
0

0
0

2,853,081
6,205,000

135,161
102,346

21,000,162
367,537,853.55
1,421,707
156,543

28,895,000

4,757,559

29,255,000

29,255,000

91,828,081

2,957,212

22,578,412

L/3P
1
5,275,511
3,023,675
REV
1
7,815,000
6,205,000
Totals for Central Arizona Community College
5
140,960,511
95,168,675

Cochise County Community College District
L/3P
1
15,000,000
10,100,000
0
REV
3
32,580,000
9,975,000
21,985,000
Totals for Cochise County Community College District
4
47,580,000
20,075,000
21,985,000

940,000
115,000

0
0

6,115,000
9,480,000

2,070,000
22,240,000

448,919
498,575

4,277,600
4,208,354

1,055,000

0

15,595,000

24,310,000

947,494

8,485,954

Coconino Community College District
GO
1
17,135,000
7,775,000

1,785,000

0

0

5,990,000

332,413

3,421,867
240,350,986.80

0

Totals for Coconino Community College District
1
17,135,000
7,775,000

0

1,785,000

0

0

5,990,000

332,413

3,421,867

Eastern Arizona College
0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

59,595,000

0

0

534,225,000

22,498,977

0

Gila County Provisional District
0
0

Maricopa County Community College District
GO
6
861,505,000
593,820,000
Totals for Maricopa County Community College District
6
861,505,000
593,820,000
Mohave Community College District
L/3P
1
1,318,779
949,167
Totals for Mohave Community College District
1
1,318,779
949,167
Northland Pioneer College
L/3P
2
96,587
39,890
Totals for Northland Pioneer College
2
96,587
39,890
Pima County Community College District
0
0

0

172,379,832
6,168,840,602.10

0

59,595,000

0

0

534,225,000

22,498,977

172,379,832

0

949,167

0

0

0

3,666

286,206

0

949,167

0

0

0

3,666

286,206

0

19,214

0

0

20,677

3,037

13,093

0

19,214

0

0

20,677

3,037

13,093

0

0

0

0

0

0

0

37

15%
CAPACITY
DEBT

54,410,000

82,770,000

5,990,000

534,225,000

TABLE 3

COMMUNITY COLLEGE FY 2016 DEBT AND DEBT LIMITATIONS
COLLEGE
ORIGINAL
DEBT ISSUES/
PRINCIPAL/
TYPE CONTRACTS CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

Santa Cruz County Provisional Community College District
0
0
0
0

0

0

0

0

0

Yavapai College
GO
2
38,090,000

15%
CAPACITY

0

28,600,000

0

4,195,000

0

0

24,405,000

850,850

14,765,000

0

1,280,000

0

0

13,485,000

562,736

43,365,000

0

5,475,000

0

0

37,890,000

1,413,586

7,656,449

1,143,650,000
21,690,877
59,395,000

773,120,000
14,112,732
30,945,000

28,895,000
0
21,985,000

70,960,000
2,245,940
3,005,000

29,255,000
0
0

59,885,000
6,115,000
9,480,000

701,800,000
4,943,758
41,930,000

28,801,508
590,783
1,163,657

224,991,240
5,998,606
7,474,225

1,224,735,877

818,177,732

50,880,000

76,210,940

29,255,000

75,480,000

748,673,758

30,555,948

238,464,071

REV
2
19,000,000
Totals for Yavapai College
4
57,090,000

4,547,121
383,020,973.85
3,109,328

GRAND TOTALS

GO
L/3P
REV

15
5
6

Grand
Totals 26

38

15%
CAPACITY
DEBT

24,405,000

SCHOOL DISTRICTS
As of June 30, 2016, school districts reported a total outstanding debt of $5 billion (outstanding bonds
of $4.7 billion and outstanding leases of $318 million), a 4.23% increase from the prior fiscal year. For FY
2015, school districts reported total outstanding debt of $4.8 billion (outstanding bonds of $4.5 billion
and outstanding leases of $0.3 billion).
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 10% of ad valorem valuation or $1,500 per student based on
average daily membership, whichever is greater. Unified school districts have a limit of 20% or $1,500
per student based on average daily membership, whichever is greater. Class B debt limits were
increased pursuant to HB 2003 (Laws 2013, Chapter 3).
Of the 221 school districts that reported, 70 had no bonded debt in FY 2015/16. The remaining 151
school districts had outstanding debt of a total of $4.8 billion, 25 more districts than in FY 2014/15:
Detail of the outstanding debt of Arizona school districts can be found in Tables 4 through 18. The
following table shows the number of reporting school districts in each county with and without outstanding
bonded debt as of June 30, 2016.

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

#
# With Without
Debt
Debt
4
7
11
10
4
4
4
4
4
3
1
3
4
2
52
6
9
4
9
2
11
7
15
4
3
3
14
8
6
3
151
70

39

The following table lists total outstanding school district debt by county ranked from highest debt per
student to lowest debt per student as of June 30, 2016.

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

OUTSTANDING
BONDS
$3,505,210,000
$124,060,000
$594,225,000
$182,562,654
$29,045,000
$58,551,191
$90,973,069
$41,125,764
$32,725,000
$19,255,000
$23,153,909
$4,660,000
$1,520,000
$275,000
$0
$4,707,341,587

TOTAL
OUTSTANDIN OUTSTANDING
G LEASES
DEBT
$212,841,255 $3,718,051,255
$5,811,033
$129,871,033
$55,228,307
$649,453,307
$7,497,055
$190,059,709
$1,136,525
$30,181,525
$2,853,794
$61,404,985
$11,091,680
$102,064,749
$7,839,845
$48,965,609
$455,349
$33,180,349
$10,442
$19,265,442
$3,407,895
$26,561,804
$8,901,594
$13,561,594
$1,100,436
$2,620,436
$83,665
$358,665
$179,873
$179,873
$318,438,748 $5,025,780,335

BOND
LEASE
TOTAL
DEBT
DEBT
DEBT
PER
PER
PER
STUDENT STUDENT STUDENT
$5,922
$360
$6,282
$5,933
$278
$6,211
$4,913
$457
$5,370
$4,194
$172
$4,366
$4,151
$162
$4,314
$2,981
$145
$3,127
$2,663
$325
$2,988
$2,267
$432
$2,699
$2,139
$30
$2,168
$1,850
$1
$1,851
$1,368
$201
$1,569
$505
$966
$1,471
$231
$167
$399
$162
$49
$212
$0
$78
$78
$5,124
$347
$5,471

The debt per student figures shown on the above table is calculated using the Arizona Department of
Education's preliminary 100th day average daily membership student count for FY 2015/16 for all
districts.
Tables 4 through 18, at the end of this section, summarize outstanding debt by school district by
county. Please note that the outstanding balances listed in the report should reflect all debt as of June
30, 2016. However, the year-end balances should reflect any July 1, 2016 payments if the payment
amount has been deposited into a dedicated fund for the payment of the principal.

NEW ISSUES
During FY 2015/16, 44 Arizona school districts reported issuing $859 million in new debt; $325.2 million
was attributed to refunding. Detail of new bonds issued can be found in Section Two and Table 39.
LEASE PURCHASES
Lease purchases and third party financing contracts represent debt issued with a term greater than
one year. As of June 30, 2016, lease purchases of $318.4 million, a 5.9 % increase compared to the
$300.6 million reported in the prior fiscal year
INTEREST
School districts reported interest paid on bonds during FY 2015/16 of $198.5 million on $5 billion of
outstanding principal as of June 30, 2016 and $1.45 billion interest paid to date on debt with an
original principal of $8.2 billion.

40

TABLE 4
APACHE COUNTY SCHOOL DISTRICT FY 2016 DEBT AND DEBT LIMITATIONS
SCHOOL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

Alpine Elementary District
0

OUTSTANDING
PRINCIPAL
6/30/2015

0

Chinle Unified School District
L/3P
1
2,233,377
Totals for Chinle Unified School District
1
2,233,377

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

CLASS A 15/30 CLASS B 10/20
GO CAPACITY
GO CAPACITY
--------------CLASS A DEBT CLASS B DEBT

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

60,000

0

0

775,000

40,674

476,450

0

60,000

0

0

775,000

40,674

476,450

Concho Elementary School District #6
REV
1
1,260,000
835,000
Totals for Concho Elementary School District #6
1
1,260,000
835,000
Ganado Unified School District #20
0
0

0

0

0

0

0

0

0

0

McNary Elementary School District #23
0
0

0

0

0

0

0

0

0

0

Red Mesa Unified School District #27
0
0

0

0

0

0

0

0

0

0

Round Valley Unified School District
GO
2
10,000,000
5,780,000

0

625,000

0

0

5,155,000

252,025

2,522,718

Totals for Round Valley Unified School District
2
10,000,000
5,780,000

0

625,000

0

0

5,155,000

252,025

2,522,718

Sanders Unified School District #18
0
0

0

0

0

0

0

0

0

11,965

4,855

0

0

10,442

531

2,280

11,965

4,855

0

0

10,442

531

2,280

0

107,632

105,132

0

0

0

1,443

1,443

0

107,632

105,132

0

0

0

1,443

1,443

0

2,120,000

0

0

13,325,000

868,404

5,399,566

0

2,120,000

0

0

13,325,000

868,404

5,399,566

0

St. Johns Unified School District
L/3P
2
24,374
6,410
Totals for St. Johns Unified School District
2
24,374
6,410
Vernon Elementary District #9
L/3P
1
107,632
Totals for Vernon Elementary District #9
1
107,632

Window Rock Unified District
REV
2
23,595,000
15,445,000
Totals for Window Rock Unified District
2
23,595,000
15,445,000
Totals for Apache County
GO
2
10,000,000
L/3P
4
2,365,383
REV
3
24,855,000

5,780,000
6,410
16,280,000

0
119,597
0

625,000
109,987
2,180,000

0
0
0

0
0
0

5,155,000
10,442
14,100,000

252,025
1,974
909,078

2,522,718
3,724
5,876,016

Grand Totals

22,066,410

119,597

2,914,987

0

0

19,265,442

1,163,077

8,402,457

9

37,220,383

41

68,327,183
5,155,000

TABLE 5
COCHISE COUNTY SCHOOL DISTRICT FY 2016 DEBT AND DEBT LIMITATIONS
SCHOOL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

Apache Elementary School
0

OUTSTANDING
PRINCIPAL
6/30/2015

0

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

CLASS A 15/30 CLASS B 10/20
GO CAPACITY
GO CAPACITY
--------------CLASS A DEBT CLASS B DEBT

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

5,760,000

0

490,000

0

0

5,270,000

240,281

2,194,774

L/3P
1
130,363
2,718
Totals for Benson Unified School District
3
9,490,363
5,762,718

0

2,718

0

0

0

76

225

0

492,718

0

0

5,270,000

240,357

2,194,999

118,425

0

28,168

0

0

90,257

0

0

118,425

0

28,168

0

0

90,257

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

21,488

0

0

20,719

1,509

6,646

0

21,488

0

0

20,719

1,509

6,646

5,965,000

0

335,000

0

0

5,630,000

262,263

1,800,858

972,668

0

189,632

0

0

706,243

63,696

396,078

6,937,668

0

524,632

0

0

6,336,243

325,959

2,196,936

0

29,514

0

0

83,196

2,474

3,474

0

29,514

0

0

83,196

2,474

3,474

Ash Creek Elementary School District #53
0
0
Benson Unified School District
GO
2
9,360,000

Bisbee Unified District
L/3P
1
150,536
Totals for Bisbee Unified District
1
150,536
Bowie Unified School District
0

0

Cochise Elementary School District #26
0
0

Double Adobe Elementary School #45
L/3P
1
101,971
40,698
Totals for Double Adobe Elementary School #45
1
101,971
40,698
Douglas Unified District
GO
1
7,430,000
L/3P
2
1,419,885
Totals for Douglas Unified District
3
8,849,885

Elfrida Elementary District
L/3P
1
138,751
109,237
Totals for Elfrida Elementary District
1
138,751
109,237
Fort Huachuca Accommodation Schools
0
0

0

0

0

0

0

0

0

0

McNeal Elementary School District #55
0
0

0

0

0

0

0

0

0

0

Naco Elementary School District #23
0
0

0

0

0

0

0

0

0

0

42

13,151,573
5,270,000

13,455,403
5,630,000

TABLE 5
COCHISE COUNTY SCHOOL DISTRICT FY 2016 DEBT AND DEBT LIMITATIONS
SCHOOL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

Palominas Elementary School District #49
L/3P
3
1,644,780
1,202,082
Totals for Palominas Elementary School District #49
3
1,644,780
1,202,082

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

CLASS A 15/30 CLASS B 10/20
GO CAPACITY
GO CAPACITY
--------------CLASS A DEBT CLASS B DEBT

0

268,928

0

0

970,670

181,652

85,136

0

268,928

0

0

970,670

181,652

85,136

28,313

0

8,055

0

0

20,259

2,197

4,813

28,313

0

8,055

0

0

20,259

2,197

4,813

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

119,679

0

0

380,865

14,916

14,916

0

119,679

0

0

380,865

14,916

14,916

425,000

0

205,000

0

0

220,000

12,835

93,699

Totals for St. David Unified School District
1
1,230,000
425,000

0

205,000

0

0

220,000

12,835

93,699

0

90,954

38,973

38,973

1,463,909

80,697

784,521

0

90,954

38,973

38,973

1,463,909

80,697

784,521

0

105,000

0

0

0

6,667

100,548

0

105,000

0

0

0

6,667

100,548

0

630,000

0

0

10,570,000

399,719

1,317,118

0

112,664

0

0

1,135,686

78,002

402,206

0

742,664

0

0

11,705,686

477,721

1,719,324

Pearce Elementary District
L/3P
1
35,095
Totals for Pearce Elementary District
1
35,095
Pomerene Elementary District
0

0

San Simon Unified School District
0
0

Sierra Vista Unified School District #68
L/3P
1
635,139
500,544
Totals for Sierra Vista Unified School District #68
1
635,139
500,544
St. David Unified School District
GO
1
1,230,000

Tombstone Unified School District #1
REV
1
3,100,000
1,554,863
Totals for Tombstone Unified School District #1
1
3,100,000
1,554,863
Valley Union High School District #22
GO
1
1,300,000
105,000
Totals for Valley Union High School District #22
1
1,300,000
105,000
Willcox Unified School District #13
GO
2
12,300,000
11,200,000
L/3P
2
1,572,858
1,245,932
Totals for Willcox Unified School District #13
4
13,872,858
12,445,932
Totals for Cochise County
GO
7
31,620,000
L/3P
13
5,829,379
REV
1
3,100,000

23,455,000
4,220,617
1,554,863

0
0
0

1,765,000
780,846
90,954

0
0
38,973

0
0
38,973

21,690,000
3,407,895
1,463,909

921,765
344,523
80,697

5,506,997
913,494
784,521

Grand Totals

29,230,480

0

2,636,800

38,973

38,973

26,561,804

1,346,985

7,205,012

21

40,549,379

43

8,571,615
220,000

12,671,609
10,570,000

TABLE 6
COCONINO COUNTY SCHOOL DISTRICT FY 2016 DEBT AND DEBT LIMITATIONS
SCHOOL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

Chevelon Butte School District #5
L/3P
1
129,765
85,636
Totals for Chevelon Butte School District #5
1
129,765
85,636

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

CLASS A 15/30 CLASS B 10/20
GO CAPACITY
GO CAPACITY
--------------CLASS A DEBT CLASS B DEBT

0

42,301

0

0

43,336

2,098

2,368

0

42,301

0

0

43,336

2,098

2,368

Flagstaff Unified School District #1
GO
3
53,700,000
33,900,000

0

3,700,000

0

0

30,200,000

1,051,250

8,822,647

Totals for Flagstaff Unified School District #1
3
53,700,000
33,900,000

0

3,700,000

0

0

30,200,000

1,051,250

8,822,647

Fredonia-Moccasin Unified School
0
0

0

0

0

0

0

0

0

0

104,834

0

0

412,013

28,820

175,286

0

104,834

0

0

412,013

28,820

175,286

0

41,829

0

0

0

3,785

18,928

0

41,829

0

0

0

3,785

18,928

0

0

0

0

0

0

0

0

2,525,000

2,525,000

2,525,000

0

0

0

2,525,000

20,294

35,143

Totals for Tuba City USD
1
2,525,000

2,525,000

2,525,000

0

0

0

2,525,000

20,294

35,143

0

0

0

0

0

0

0

0

Totals for Coconino County
GO
4
56,225,000
L/3P
5
1,225,635

36,425,000
644,312

2,525,000
0

3,700,000
188,964

0
0

0
0

32,725,000
455,349

1,071,544
34,703

8,857,789
196,582

Grand Totals

37,069,312

2,525,000

3,888,964

0

0

33,180,349

1,106,247

9,054,371

District #6
0

Grand Canyon Unified School District 34
L/3P
2
862,130
516,847
Totals for Grand Canyon Unified School District 34
2
862,130
516,847
Maine Consolidated School District #10
L/3P
2
233,740
41,829
Totals for Maine Consolidated School District #10
2
233,740
41,829
Page Unified School District #8
0
0
Tuba City USD
GO

1

Williams Unified School District #2
0
0

9

57,450,635

218,310,655
30,200,000

44

2,596,996
2,525,000

TABLE 7
GILA COUNTY SCHOOL DISTRICT FY 2016 DEBT AND DEBT LIMITATIONS
SCHOOL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

Globe Unified School District #1
0
0

NEW DEBT OR
CONTRACTS

0

PRINCIPAL
PAID FY 2016

0

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

CLASS A 15/30 CLASS B 10/20
GO CAPACITY
GO CAPACITY
--------------CLASS A DEBT CLASS B DEBT

0

0

0

0

0

0

44,875

0

0

124,397

2,310

14,626

44,875

0

0

124,397

2,310

14,626

0

301,282

0

0

892,506

32,037

96,710

0

301,282

0

0

892,506

32,037

96,710

30,345,000

0

1,300,000

0

27,765,000

29,045,000

1,452,038

14,521,106

L/3P
5
588,513
86,531
Totals for Payson Unified School District
8
62,198,513
30,431,531

0

46,232

0

0

40,299

3,487

17,978

0

1,346,232

0

27,765,000

29,085,299

1,455,525

14,539,084

Hayden-Winkelman Unified School District #41
L/3P
2
267,303
15,816
153,456
Totals for Hayden-Winkelman Unified School District #41
2
267,303
15,816
153,456
Miami Unified School District #40
L/3P
4
1,480,258
803,789
Totals for Miami Unified School District #40
4
1,480,258
803,789
Payson Unified School District
GO
3
61,610,000

Pine Strawberry Elementary District
0
0

0

0

0

0

0

0

0

0

San Carlos Unified District
0

0

0

0

0

0

0

0

0

0

Tonto Basin School District #33
L/3P
1
120,629
Totals for Tonto Basin School District #33
1
120,629

0

120,629

41,305

0

0

79,324

0

0

0

120,629

41,305

0

0

79,324

0

0

Young Elementary School District #1
0
0

0

0

0

0

0

0

0

0

Totals for Gila County
GO
3
61,610,000
L/3P
12
2,456,703

30,345,000
906,135

0
274,085

1,300,000
433,695

0
0

27,765,000
0

29,045,000
1,136,525

1,452,038
37,834

14,521,106
129,314

Grand Totals

31,251,135

274,085

1,733,695

0

27,765,000

30,181,525

1,489,872

14,650,420

15

64,066,703

45

50,165,827
29,045,000

TABLE 8
GRAHAM COUNTY SCHOOL DISTRICT FY 2016 DEBT AND DEBT LIMITATIONS
SCHOOL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

Bonita School District #16
L/3P
1
115,983
Totals for Bonita School District #16
1
115,983

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

CLASS A 15/30 CLASS B 10/20
GO CAPACITY
GO CAPACITY
--------------CLASS A DEBT CLASS B DEBT

47,099

0

23,173

0

0

23,926

1,531

6,759

47,099

0

23,173

0

0

23,926

1,531

6,759

Fort Thomas Unified District
0

0

0

0

0

0

0

0

0

0

Klondyke Elementary District
0

0

0

0

0

0

0

0

0

0

Pima Unified School District
GO
1
1,170,000

395,000

0

135,000

0

0

260,000

17,800

337,175

Totals for Pima Unified School District
1
1,170,000
395,000

0

135,000

0

0

260,000

17,800

337,175

0
0

380,000
77,772

0
0

0
0

0
1,076,510

14,250
44,956

1,481,900
279

0

457,772

0

0

1,076,510

59,206

1,482,179

0

0

0

0

0

0

0

0

2,135,000

0

875,000

0

0

1,260,000

64,050

251,669

Totals for Thatcher Unified School District #4
1
3,700,000
2,135,000

0

875,000

0

0

1,260,000

64,050

251,669

Totals for Graham County
GO
3
9,870,000
L/3P
4
1,492,906

2,910,000
1,201,380

0
0

1,390,000
100,945

0
0

0
0

1,520,000
1,100,436

96,100
46,486

2,070,744
7,039

Grand Totals

4,111,380

0

1,490,945

0

0

2,620,436

142,586

2,077,782

Safford Unified School District #1
GO
1
5,000,000
380,000
L/3P
3
1,376,923
1,154,281
Totals for Safford Unified School District #1
4
6,376,923
1,534,281
Solomon Elementary District
0

0

Thatcher Unified School District #4
GO
1
3,700,000

7

11,362,906

46

2,961,366
260,000

7,999,225
1,260,000

TABLE 9
GREENLEE COUNTY SCHOOL DISTRICT FY 2016 DEBT AND DEBT LIMITATIONS
SCHOOL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

Blue Elementary District
0

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

CLASS A 15/30 CLASS B 10/20
GO CAPACITY
GO CAPACITY
--------------CLASS A DEBT CLASS B DEBT

0

0

0

0

0

0

0

0

0

Duncan Unified Schools
GO
1
3,425,000

540,000

0

265,000

0

0

275,000

27,000

2,115,849

123,808

0

40,143

0

0

83,665

3,442

7,970

663,808

0

305,143

0

0

358,665

30,442

2,123,819

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Totals for Greenlee County
GO
1
3,425,000
L/3P
2
206,650

540,000
123,808

0
0

265,000
40,143

0
0

0
0

275,000
83,665

27,000
3,442

2,115,849
7,970

Grand Totals

663,808

0

305,143

0

0

358,665

30,442

2,123,819

L/3P
2
206,650
Totals for Duncan Unified Schools
3
3,631,650
Eagle Elementary District
0

0

Morenci Unified School District #18
0
0

3

3,631,650

47

4,251,719
275,000

TABLE 10
LA PAZ COUNTY SCHOOL DISTRICT FY 2016 DEBT AND DEBT LIMITATIONS
SCHOOL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

Bicentennial Union High School District #76
L/3P
3
248,939
116,512
105,472
Totals for Bicentennial Union High School District #76
3
248,939
116,512
105,472

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

CLASS A 15/30 CLASS B 10/20
GO CAPACITY
GO CAPACITY
--------------CLASS A DEBT CLASS B DEBT

132,529

0

0

83,765

5,492

7,050

132,529

0

0

83,765

5,492

7,050

Bouse Elementary School District #26
0
0

0

0

0

0

0

0

0

0

Parker Unified School District #27
0
0

0

0

0

0

0

0

0

0

0

27,682

0

0

28,777

2,234

15,096

0

27,682

0

0

28,777

2,234

15,096

25,973

0

0

54,124

2,219

2,219

25,973

0

0

54,124

2,219

2,219

0

5,384

0

0

13,206

0

0

0

5,384

0

0

13,206

0

0

Quartzsite School District #4
L/3P
1
133,345
76,885
Totals for Quartzsite School District #4
1
133,345
76,885

Salome Consolidated Elementary School District #30
L/3P
1
132,340
80,097
0
Totals for Salome Consolidated Elementary School District #30
1
132,340
80,097
0
Wenden Elementary School District #19
L/3P
1
58,590
18,590
Totals for Wenden Elementary School District #19
1
58,590
18,590
Totals for La Paz County
L/3P
6
573,214

292,085

105,472

191,568

0

0

179,873

9,944

24,364

Grand Totals

292,085

105,472

191,568

0

0

179,873

9,944

24,364

6

573,214

48

TABLE 11
MARICOPA COUNTY SCHOOL DISTRICT FY 2016 DEBT AND DEBT LIMITATIONS
SCHOOL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

Agua Fria Union High School District #216
GO
7
85,340,000
54,470,000

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

CLASS A 15/30 CLASS B 10/20
GO CAPACITY
GO CAPACITY
--------------CLASS A DEBT CLASS B DEBT

15,000,000

11,650,000

4,585,000

4,585,000

60,520,000

1,850,372

11,134,769

L/3P
2
170,238
115,355
0
Totals for Agua Fria Union High School District #216
9
85,510,238
54,585,355
15,000,000

31,860

0

0

85,368

5,536

9,816

11,681,860

4,585,000

4,585,000

60,605,368

1,855,908

11,144,585

0

0

0

0

0

0

0

Aguila Elementary District #63
0
0

0

Alhambra Elementary District #68
L/3P
2
8,957,296
4,392,910
Totals for Alhambra Elementary District #68
2
8,957,296
4,392,910

0

2,282,193

0

0

2,282,193

0

0

0

2,282,193

0

0

2,282,193

0

0

Arlington School District #47
GO
1
2,000,000

2,000,000

0

250,000

0

0

1,750,000

55,363

122,259

Totals for Arlington School District #47
1
2,000,000
2,000,000

0

250,000

0

0

1,750,000

55,363

122,259

Avondale Elementary School District #44
GO
7
43,955,000
30,825,000

5,000,000

5,735,000

375,000

0

32,990,000

1,285,509

10,385,373

L/3P
3
137,660
82,302
23,664
Totals for Avondale Elementary School District #44
10
44,092,660
30,907,302
5,023,664

25,586

0

0

56,716

5,965

13,585

5,760,586

375,000

0

33,046,716

1,291,474

10,398,958

Balsz School District #31
GO
2
21,000,000

16,095,000

0

2,225,000

0

0

13,870,000

534,225

2,349,869

Totals for Balsz School District #31
2
21,000,000
16,095,000

0

2,225,000

0

0

13,870,000

534,225

2,349,869

Buckeye Elementary School District #33
GO
8
45,410,000
16,710,000

16,115,000

990,000

9,850,000

12,425,000

21,985,000

507,579

6,786,829

Totals for Buckeye Elementary School District #33
8
45,410,000
16,710,000
16,115,000
* Buckeye ESD had cash on hand when debt issued.

990,000

9,850,000

12,425,000

21,985,000

507,579

6,786,829

0

3,275,000

0

16,645,000

65,100,000

2,970,638

18,979,493

52,975

105,951

0

0

423,804

0

0

52,975

3,380,951

0

16,645,000

65,523,804

2,970,638

18,979,493

25,250,000

0

1,110,000

0

0

24,140,000

1,146,766

5,521,936

Totals for Cartwright School District #83
4
27,815,000
25,250,000

0

1,110,000

0

0

24,140,000

1,146,766

5,521,936

Buckeye Union High School District #201
GO
8
111,375,000
68,375,000
L/3P
1
529,755
0
Totals for Buckeye Union High School District #201
9
111,904,755
68,375,000
Cartwright School District #83
GO
4
27,815,000

49

115,718,188
60,520,000

27,512,062
1,750,000

37,681,252
32,990,000

30,246,382
13,870,000

*

21,973,363
21,985,000

75,535,627
65,100,000

28,705,143
24,140,000

TABLE 11
MARICOPA COUNTY SCHOOL DISTRICT FY 2016 DEBT AND DEBT LIMITATIONS
SCHOOL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

Cave Creek Unified School District #93
GO
4
51,125,000
32,285,000

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

CLASS A 15/30 CLASS B 10/20
GO CAPACITY
GO CAPACITY
--------------CLASS A DEBT CLASS B DEBT

0

2,610,000

0

11,125,000

29,675,000

1,163,751

7,869,704

1,488,600

469,010

0

0

7,588,612

313,794

1,501,453

1,488,600

3,079,010

0

11,125,000

37,263,612

1,477,545

9,371,157

60,000,000

20,070,000

0

42,030,000

216,610,000

7,560,143

60,349,215

0

0

0

0

43,765,000

0

0

60,000,000

20,070,000

0

42,030,000

260,375,000

7,560,143

60,349,215

27,375,000

0

8,825,000

0

0

22,675,000

619,367

4,166,930

L/3P
3
3,924,243
0
Totals for Creighton Elementary District
5
47,924,243
27,375,000

3,440,064

399,476

0

0

3,524,767

0

0

3,440,064

9,224,476

0

0

26,199,767

619,367

4,166,930

Deer Valley Unified School District #97
GO
13
329,450,000
189,410,000

49,200,000

21,800,000

19,200,000

36,450,000

214,860,000

7,249,303

50,152,936

L/3P
1
436,796
178,306
0
Totals for Deer Valley Unified School District #97
14
329,886,796
189,588,306
49,200,000

87,190

0

0

91,116

8,029

35,196

21,887,190

19,200,000

36,450,000

214,951,116

7,257,332

50,188,132

74,865,000

7,278,000

74,865,000

99,450,000

160,327,000

7,130,490

53,001,982

0

216,177

0

0

458,301

26,634

121,599

74,865,000

7,494,177

74,865,000

99,450,000

160,785,301

7,157,124

53,123,581

0

0

0

0

0

0

0

0

Fountain Hills Unified School District
GO
4
20,000,000
14,210,000

0

1,235,000

0

0

12,975,000

499,866

3,381,227

Totals for Fountain Hills Unified School District
4
20,000,000
14,210,000

0

1,235,000

0

0

12,975,000

499,866

3,381,227

Fowler Elementary School District #45
GO
2
9,850,000
8,050,000

0

2,675,000

0

0

6,525,000

236,150

1,128,386

Totals for Fowler Elementary School District #45
2
9,850,000
8,050,000

0

2,675,000

0

0

6,525,000

236,150

1,128,386

Gila Bend Unified District
GO
1
5,062,133

4,340,000

0

180,000

0

0

4,160,000

347,260

2,382,533

L/3P
1
19,920
0
Totals for Gila Bend Unified District
2
5,082,053
4,340,000

0

996

0

0

18,924

0

0

0

180,996

0

0

4,178,924

347,260

2,382,533

L/3P
3
9,188,700
6,569,022
Totals for Cave Creek Unified School District #93
7
60,313,700
38,854,022
Chandler Unified School District #80
GO
11
356,915,000
176,680,000
L/3P
1
43,765,000
43,765,000
Totals for Chandler Unified School District #80
12
400,680,000
220,445,000
Creighton Elementary District
GO
2
44,000,000

Dysart Unified School District #89
GO
10
284,380,000
167,605,000
L/3P
2
1,222,074
674,478
Totals for Dysart Unified School District #89
12
285,602,074
168,279,478
East Valley Institute of Technology
0
0

50

393,411,010
29,675,000

802,817,864
21,015,000

535,211,909
195,595,000

44,150,932
22,675,000

525,740,180
214,860,000

388,598,738
9,802,000

259,065,825
160,327,000

98,249,011
12,975,000

32,172,688
6,525,000

29,422,316
4,160,000

TABLE 11
MARICOPA COUNTY SCHOOL DISTRICT FY 2016 DEBT AND DEBT LIMITATIONS
SCHOOL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

Gilbert Unified School District
GO
8
276,955,000

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

106,470,000

69,745,000

16,120,000

38,445,000

68,155,000

116,725,000

3,702,978

53,699,460

L/3P
3
8,800,000
5,564,757
Totals for Gilbert Unified School District
11
285,755,000
112,034,757

0

1,003,569

0

0

4,561,188

260,567

1,679,528

69,745,000

17,123,569

38,445,000

68,155,000

121,286,188

3,963,545

55,378,988

Glendale Elementary School District #40
GO
4
30,240,000
19,390,000

9,200,000

1,410,000

0

0

27,180,000

872,453

4,102,277

L/3P
2
5,892,050
5,706,262
0
Totals for Glendale Elementary School District #40
6
36,132,050
25,096,262
9,200,000

268,099

0

0

5,438,163

190,554

340,106

1,678,099

0

0

32,618,163

1,063,007

4,442,383

8,435,000

15,460,000

0

41,900,000

102,665,000

3,258,371

26,767,415

L/3P
4
12,863,460
9,735,854
0
Totals for Glendale Union High School District #205
12
193,358,460
119,425,854
8,435,000

1,243,826

0

0

8,492,028

608,472

2,780,898

16,703,826

0

41,900,000

111,157,028

3,866,843

29,548,313

Glendale Union High School District #205
GO
8
180,495,000
109,690,000

Higley Unified School District #60
GO
8
173,155,000

98,505,000

25,785,000

4,195,000

0

34,500,000

120,095,000

3,795,263

22,018,174

L/3P
1
69,250,000
66,250,000
Totals for Higley Unified School District #60
9
242,405,000
164,755,000

0

0

0

0

66,250,000

3,238,105

9,666,116

25,785,000

4,195,000

0

34,500,000

186,345,000

7,033,368

31,684,290

5,227,351

0

634,561

1,067,756

0

4,788,976

167,107

506,500

5,227,351

0

634,561

1,067,756

0

4,788,976

167,107

506,500

176,750,000

0

9,525,000

0

18,655,000

167,225,000

8,425,000

36,283,820

L/3P
1
206,068
127,160
Totals for Kyrene School District #28
8
224,706,068
176,877,160

0

39,586

0

0

85,791

4,886

11,279

0

9,564,586

0

18,655,000

167,310,791

8,429,887

36,295,099

10,340,000

1,480,000

2,900,000

2,900,000

22,835,000

635,613

5,598,649

0

146,128

0

0

1,605,738

48,176

156,157

10,340,000

1,626,128

2,900,000

2,900,000

24,440,738

683,790

5,754,806

0

1,220,000

0

0

17,035,000

675,219

2,940,090

0

62,658

0

0

112,514

3,724

11,166

0

1,282,658

0

0

17,147,514

678,943

2,951,256

Isaac School District #5
L/3P
2
6,393,200
Totals for Isaac School District #5
2
6,393,200
Kyrene School District #28
GO
7
224,500,000

Laveen Elementary School District #59
GO
6
38,865,000
16,875,000
L/3P
1
2,032,493
1,751,866
Totals for Laveen Elementary School District #59
7
40,897,493
18,626,866
Liberty Elementary School District #25
GO
3
19,850,000
18,255,000
L/3P
1
300,000
175,172
Totals for Liberty Elementary School District #25
4
20,150,000
18,430,172

51

CLASS A 15/30 CLASS B 10/20
GO CAPACITY
GO CAPACITY
--------------CLASS A DEBT CLASS B DEBT

385,232,372
116,725,000

33,019,888
27,180,000

260,055,731
8,595,000

173,370,487
94,070,000

128,930,268
120,095,000

311,737,877
29,510,000

207,825,251
161,835,000

24,319,311
22,835,000

23,566,015
17,035,000

TABLE 11
MARICOPA COUNTY SCHOOL DISTRICT FY 2016 DEBT AND DEBT LIMITATIONS
SCHOOL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

Litchfield Elementary School District #79
GO
6
62,500,000
42,475,000

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

CLASS A 15/30 CLASS B 10/20
GO CAPACITY
GO CAPACITY
--------------CLASS A DEBT CLASS B DEBT

6,000,000

4,050,000

0

0

44,425,000

1,613,772

11,638,770

L/3P
1
1,506,012
1,413,653
0
Totals for Litchfield Elementary School District #79
7
64,006,012
43,888,653
6,000,000

91,506

0

0

1,322,147

39,021

77,189

4,141,506

0

0

45,747,147

1,652,793

11,715,959

Littleton Elementary School District #65
GO
4
27,290,000
22,255,000

0

1,525,000

0

0

20,730,000

740,450

3,959,387

0

95,146

0

0

462,678

41,771

346,140

0

1,620,146

0

0

21,192,678

782,221

4,305,527

81,495,000

0

8,810,000

0

7,650,000

72,685,000

2,714,191

12,849,348

Totals for Madison School District #38
5
96,200,000
81,495,000

0

8,810,000

0

7,650,000

72,685,000

2,714,191

12,849,348

Maricopa County Regional School District
0
0

0

0

0

0

0

0

0

0

249,810,000

47,815,000

34,220,000

12,815,000

12,815,000

250,590,000

8,891,636

55,633,525

Totals for Mesa Unified School District #4
10
382,815,000
249,810,000

47,815,000

34,220,000

12,815,000

12,815,000

250,590,000

8,891,636

55,633,525

L/3P
1
938,038
557,824
Totals for Littleton Elementary School District #65
5
28,228,038
22,812,824
Madison School District #38
GO
5
96,200,000

Mesa Unified School District #4
GO
10
382,815,000

Mobile Elementary School District #86
0
0

0

0

0

0

0

0

0

0

Morristown Elementary School District #75
0
0

0

0

0

0

0

0

0

0

Murphy Elementary School District #21
GO
4
11,000,000
7,195,000

0

600,000

0

0

6,595,000

385,988

3,086,327

Totals for Murphy Elementary School District #21
4
11,000,000
7,195,000

0

600,000

0

0

6,595,000

385,988

3,086,327

Nadaburg Unified School District #81
GO
1
2,000,000

0

160,000

0

0

700,000

37,425

655,816

0

66,689

0

0

139,753

6,852

16,263

0

226,689

0

0

839,753

44,277

672,079

27,705,000

0

3,120,000

0

0

24,585,000

1,397,069

12,593,191

Totals for Osborn School District #8
2
36,850,000
27,705,000

0

3,120,000

0

0

24,585,000

1,397,069

12,593,191

860,000

L/3P
2
343,410
206,442
Totals for Nadaburg Unified School District #81
3
2,343,410
1,066,442
Osborn School District #8
GO
2
36,850,000

52

78,036,937
44,425,000

26,979,738
20,730,000

101,140,721
72,685,000

635,312,998
250,590,000

9,834,206
6,595,000

7,060,843
700,000

67,619,965
17,030,000

45,079,977
24,585,000

TABLE 11
MARICOPA COUNTY SCHOOL DISTRICT FY 2016 DEBT AND DEBT LIMITATIONS
SCHOOL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

Palo Verde Elementary District
GO
1
1,500,000

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

CLASS A 15/30 CLASS B 10/20
GO CAPACITY
GO CAPACITY
--------------CLASS A DEBT CLASS B DEBT

440,000

0

140,000

0

0

300,000

18,500

365,750

L/3P
1
463,360
361,703
Totals for Palo Verde Elementary District
2
1,963,360
801,703

0

24,779

0

0

336,924

20,557

86,828

0

164,779

0

0

636,924

39,057

452,578

0

0

0

0

0

0

0

0

Paradise Valley Unified School District #69
GO
16
515,905,000
330,570,000

36,700,000

42,610,000

0

0

324,660,000

11,034,924

82,857,260 1,031,120,954
27,915,000

Totals for Paradise Valley Unified School District #69
16
515,905,000
330,570,000
36,700,000

42,610,000

0

0

324,660,000

11,034,924

82,857,260

8,510,000

4,870,000

0

0

25,350,000

805,946

1,628,485

L/3P
3
3,651,227
2,931,593
0
Totals for Pendergast Elementary School District #92
7
34,871,227
24,641,593
8,510,000

375,543

0

0

2,556,050

103,521

338,506

5,245,543

0

0

27,906,050

909,467

1,966,991

94,035,000

18,720,000

68,575,000

88,675,000

208,250,000

9,233,850

58,312,884

Paloma Elementary School District #94
0
0

Pendergast Elementary School District #92
GO
4
31,220,000
21,710,000

Peoria Unified School District #11
GO
10
392,035,000
201,510,000
L/3P
1
10,234,000
0
Totals for Peoria Unified School District #11
11
402,269,000
201,510,000

10,234,000

0

0

0

10,234,000

0

0

104,269,000

18,720,000

68,575,000

88,675,000

218,484,000

9,233,850

58,312,884

Phoenix Elementary School District #1
GO
6
100,210,000
41,195,000

20,000,000

7,765,000

0

10,880,000

53,430,000

1,869,921

14,167,867

997,764

659,284

0

0

1,404,825

57,749

108,013

20,997,764

8,424,284

0

10,880,000

54,834,825

1,927,670

14,275,880

0

26,565,000

0

46,505,000

252,395,000

10,134,864

84,665,002

0

925,148

0

0

12,104,852

441,308

713,227

0

27,490,148

0

46,505,000

264,499,852

10,576,172

85,378,229

4,350,000

4,405,000

0

6,910,000

59,945,000

2,420,234

12,925,630

Totals for Queen Creek Unified School District #95
11
90,830,000
0
4,350,000

4,405,000

0

6,910,000

59,945,000

2,420,234

12,925,630

Riverside School District #2
GO
9
46,355,000

L/3P
3
2,773,632
1,066,345
Totals for Phoenix Elementary School District #1
9
102,983,632
42,261,345
Phoenix Union High School District
GO
9
431,435,000
278,960,000
L/3P
3
13,030,000
13,030,000
Totals for Phoenix Union High School District
12
444,465,000
291,990,000
Queen Creek Unified School District #95
GO
11
90,830,000

0

35,435,000

10,200,000

5,125,000

0

2,260,000

32,715,000

1,229,327

7,117,681

Totals for Riverside School District #2
9
46,355,000
35,435,000

10,200,000

5,125,000

0

2,260,000

32,715,000

1,229,327

7,117,681

53

2,484,183
300,000

687,413,969
296,745,000

35,763,141
25,350,000

537,932,302
37,950,000

358,621,535
212,785,000

104,065,906
8,015,000

69,377,271
53,430,000

763,331,465
7,890,000

508,887,643
244,505,000

114,050,105
2,735,000

76,033,403
57,210,000

37,385,241
32,715,000

TABLE 11
MARICOPA COUNTY SCHOOL DISTRICT FY 2016 DEBT AND DEBT LIMITATIONS
SCHOOL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

Roosevelt School District #66
GO
3
65,780,000

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

50,320,000

0

4,035,000

0

1,365,000

46,285,000

2,755,513

17,945,813

L/3P
4
3,935,659
2,562,371
Totals for Roosevelt School District #66
7
69,715,659
52,882,371

0

1,241,357

0

0

1,318,466

93,091

106,948

0

5,276,357

0

1,365,000

47,603,466

2,848,604

18,052,761

Saddle Mountain Unified School District #90
GO
2
25,000,000
22,460,000

0

2,235,000

0

0

20,225,000

909,055

3,335,250

Totals for Saddle Mountain Unified School District #90
2
25,000,000
22,460,000

0

2,235,000

0

0

20,225,000

909,055

3,335,250

28,050,000

18,281,250

28,050,000

183,350,000

202,430,000

10,545,208

99,485,309

L/3P
6
36,704,108
28,358,058
422,081
Totals for Scottsdale Unified School District #48
15
531,354,108
249,519,308
28,472,081

2,386,996

0

0

25,971,062

1,275,025

7,070,945

20,668,246

28,050,000

183,350,000

228,401,062

11,820,233

106,556,254

Scottsdale Unified School District #48
GO
9
494,650,000
221,161,250

Sentinel School District #71
L/3P
1
115,393
67,395
Totals for Sentinel School District #71
1
115,393
67,395

0

23,999

0

0

43,396

226

678

0

23,999

0

0

43,396

226

678

Tempe Elementary School District
GO
7
148,770,000

121,345,000

0

24,460,000

0

0

96,885,000

3,887,098

31,301,701

Totals for Tempe Elementary School District
7
148,770,000
121,345,000

0

24,460,000

0

0

96,885,000

3,887,098

31,301,701

Tempe Union High School District #213
GO
4
105,000,000
100,800,000

0

4,200,000

0

0

96,600,000

3,556,831

15,080,572

Totals for Tempe Union High School District #213
4
105,000,000
100,800,000

0

4,200,000

0

0

96,600,000

3,556,831

15,080,572

Tolleson Elementary School District #17
GO
3
12,559,000
8,790,000

0

1,905,000

0

0

6,885,000

331,028

2,995,589

0

134,740

0

0

140,260

11,267

11,267

0

2,039,740

0

0

7,025,260

342,295

3,006,856

0

10,000,000

0

0

28,600,000

1,120,375

9,438,360

0

89,068

0

0

239,239

12,932

21,288

0

10,089,068

0

0

28,839,239

1,133,307

9,459,648

1,825,000

5,200,000

240,000

0

0

6,785,000

115,753

260,618

Totals for Union Elementary District
2
7,740,000
1,825,000

5,200,000

240,000

0

0

6,785,000

115,753

260,618

L/3P
1
275,000
275,000
Totals for Tolleson Elementary School District #17
4
12,834,000
9,065,000
Tolleson Union High School District #214
GO
4
43,900,000
38,600,000
L/3P
1
474,125
328,307
Totals for Tolleson Union High School District #214
5
44,374,125
38,928,307
Union Elementary District
GO
2
7,740,000

54

CLASS A 15/30 CLASS B 10/20
GO CAPACITY
GO CAPACITY
--------------CLASS A DEBT CLASS B DEBT

94,360,947
3,685,000

62,907,298
42,600,000

159,305,767
20,225,000

1,056,229,910
202,430,000

221,253,393
59,325,000

147,502,262
96,885,000

355,327,514
96,600,000

18,013,902
6,885,000

119,716,372
28,600,000

6,786,903
6,785,000

TABLE 11
MARICOPA COUNTY SCHOOL DISTRICT FY 2016 DEBT AND DEBT LIMITATIONS
SCHOOL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

Washington Elementary School District #6
GO
9
143,745,000
79,410,000

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

25,500,000

25,710,000

0

0

79,200,000

2,421,707

42,017,011

L/3P
3
8,321,337
6,811,026
436,048
Totals for Washington Elementary School District #6
12
152,066,337
86,221,026
25,936,048

845,718

0

0

6,392,243

264,975

600,026

26,555,718

0

0

85,592,243

2,686,682

42,617,037

14,900,000

1,775,000

0

0

71,220,000

2,494,122

5,969,090

14,900,000

1,775,000

0

0

71,220,000

2,494,122

5,969,090

7,169,000

0

1,696,000

0

3,575,000

5,473,000

229,558

4,127,852

L/3P
5
1,033,791
665,299
Totals for Wickenburg Unified School District
9
21,873,791
7,834,299

0

119,138

0

0

546,160

38,386

203,921

0

1,815,138

0

3,575,000

6,019,160

267,943

4,331,773

5,805,000

0

840,000

0

0

5,345,000

231,042

2,275,946

Totals for Wilson Elementary District
4
13,600,000
5,805,000

0

840,000

0

0

5,345,000

231,042

2,275,946

Totals for Maricopa County
GO
280 5,766,366,133 3,437,010,250
L/3P
70
257,888,043
208,950,811

644,945,000
17,095,196

397,380,250
14,095,977

259,660,000
1,067,756

752,805,000 3,505,210,000
0
212,841,255

135,647,062
7,288,231

985,813,359
26,534,637

Grand Totals

662,040,196

411,476,227

260,727,756

752,805,000 3,718,051,255

142,935,293 1,012,347,996

West-Mec School District
GO
3
74,900,000
58,095,000
Totals for West-Mec School District
3
74,900,000
58,095,000
Wickenburg Unified School District
GO
4
20,840,000

Wilson Elementary District
GO
4
13,600,000

350

6,024,254,176 3,645,961,061

55

CLASS A 15/30 CLASS B 10/20
GO CAPACITY
GO CAPACITY
--------------CLASS A DEBT CLASS B DEBT

210,525,899
53,700,000

140,350,599
79,200,000

52,178,025
2,245,000

34,785,350
3,228,000

8,843,164
5,345,000

TABLE 12
MOHAVE COUNTY SCHOOL DISTRICT FY 2016 DEBT AND DEBT LIMITATIONS
SCHOOL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

CLASS A 15/30 CLASS B 10/20
GO CAPACITY
GO CAPACITY
--------------CLASS A DEBT CLASS B DEBT

Bullhead City Elementary School District #15
REV
1
1,600,000
1,507,000

0

109,302

0

0

1,397,698

10,568

48,670

Totals for Bullhead City Elementary School District #15
1
1,600,000
1,507,000

0

109,302

0

0

1,397,698

10,568

48,670

Colorado City Unified School District #14
GO
1
505,000
350,000

0

160,000

0

0

190,000

22,410

448,367

Totals for Colorado City Unified School District #14
1
505,000
350,000

0

160,000

0

0

190,000

22,410

448,367

0
0

575,000
276,570

0
0

0
0

0
1,384,796

23,000
48,231

4,587,164
644,361

0

851,570

0

0

1,384,796

71,231

5,231,525

0

8,540

0

0

11,424

237

1,291

0

8,540

0

0

11,424

237

1,291

0

3,700,000

0

0

53,790,000

2,792,069

24,880,671

0

5,556

0

0

13,304

1,422

3,250

0

3,705,556

0

0

53,803,304

2,793,491

24,883,921

0

72,450

0

0

1,325,234

40,703

110,279

0

72,450

0

0

1,325,234

40,703

110,279

Littlefield Unified School District #9
GO
1
1,600,000
1,315,000

0

140,000

0

0

1,175,000

64,700

542,883

Totals for Littlefield Unified School District #9
1
1,600,000
1,315,000

0

140,000

0

0

1,175,000

64,700

542,883

0
0

875,000
111,698

0
0

0
0

0
119,036

30,625
15,159

2,667,235
128,013

0

986,698

0

0

119,036

45,784

2,795,248

0

0

0

0

0

0

0

0

47,667

0

0

1,998,493

96,357

687,726

0

47,667

0

0

1,998,493

96,357

687,726

Colorado River Union High School District #2
GO
1
20,785,000
575,000
L/3P
3
2,983,802
1,661,366
Totals for Colorado River Union High School District #2
4
23,768,802
2,236,366
Hackberry School District #3
L/3P
3
38,330
19,963
Totals for Hackberry School District #3
3
38,330
19,963
Kingman Unified School District #20
GO
3
79,990,000
57,490,000
L/3P
1
30,407
19,644
Totals for Kingman Unified School District #20
4
80,020,407
57,509,644
Lake Havasu Unified School District #1
L/3P
1
1,459,565
1,397,684
Totals for Lake Havasu Unified School District #1
1
1,459,565
1,397,684

Mohave Valley School District #16
GO
1
8,965,000
875,000
L/3P
1
625,308
520,495
Totals for Mohave Valley School District #16
2
9,590,308
1,395,495
Owens-Whitney Elementary District
0
0

0

Peach Springs Unified School District #8
MPC
1
2,299,118
2,050,235
Totals for Peach Springs Unified School District #8
1
2,299,118
2,050,235

56

29,215,773
1,397,698

3,999,119
190,000

103,871,982
53,790,000

4,844,950
1,175,000

TABLE 12
MOHAVE COUNTY SCHOOL DISTRICT FY 2016 DEBT AND DEBT LIMITATIONS
SCHOOL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

Topock Elementary District
L/3P
1
150,231
Totals for Topock Elementary District
1
150,231

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

CLASS A 15/30 CLASS B 10/20
GO CAPACITY
GO CAPACITY
--------------CLASS A DEBT CLASS B DEBT

30,095

0

30,095

0

0

0

956

9,654

30,095

0

30,095

0

0

0

956

9,654

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Totals for Mohave County
GO
7
111,845,000
L/3P
10
5,287,642
MPC
1
2,299,118
REV
1
1,600,000

60,605,000
3,649,246
2,050,235
1,507,000

0
0
0
0

5,450,000
504,908
47,667
109,302

0
0
0
0

0
0
0
0

55,155,000
2,853,794
1,998,493
1,397,698

2,932,804
106,707
96,357
10,568

33,126,319
896,848
687,726
48,670

Grand Totals

67,811,481

0

6,111,877

0

0

61,404,985

3,146,436

34,759,563

Valentine Elementary District
0

0

Yucca Elementary School District #13
0
0

19

121,031,760

57

TABLE 13
NAVAJO COUNTY SCHOOL DISTRICT FY 2016 DEBT AND DEBT LIMITATIONS
SCHOOL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

Blue Ridge Unified School District
GO
1
20,000,000

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

CLASS A 15/30 CLASS B 10/20
GO CAPACITY
GO CAPACITY
--------------CLASS A DEBT CLASS B DEBT

19,005,000

20,000,000

1,435,000

0

0

17,570,000

438,088

1,804,659

L/3P
5
4,649,098
3,645,560
Totals for Blue Ridge Unified School District
6
24,649,098
22,650,560

61,584

474,659

0

0

3,177,030

118,006

334,208

20,061,584

1,909,659

0

0

20,747,030

556,094

2,138,867

Cedar Unified School District #25
L/3P
7
80,064
61,278
REV
1
4,800,000
940,000
Totals for Cedar Unified School District #25
8
4,880,064
1,001,278

0
0

16,013
460,000

0
0

0
0

45,265
480,000

0
0

0
0

0

476,013

0

0

525,265

0

0

Heber Overgaard Unified School District #6
GO
1
10,215,000
7,895,000

0

455,000

0

0

7,440,000

200,475

3,244,704

0

83,605

0

0

396,283

11,976

11,976

0

538,605

0

0

7,836,283

212,451

3,256,680

2,805,000

0

215,000

0

0

2,600,000

112,294

0

L/3P
1
1,204,747
988,747
Totals for Holbrook Unified School District #3
2
5,302,747
3,793,747

0

109,000

0

0

0

42,041

164,994

0

324,000

0

0

2,600,000

154,335

164,994

0

585,000

0

0

1,250,000

87,363

1,429,328

0

93,243

0

0

1,528,791

36,126

103,360

0

678,243

0

0

2,778,791

123,489

1,532,688

L/3P
2
525,887
479,887
Totals for Heber Overgaard Unified School District #6
3
10,740,887
8,374,887
Holbrook Unified School District #3
GO
1
4,098,000

Joseph City Unified School District #2
GO
1
5,200,000
1,835,000
L/3P
2
1,698,609
1,659,707
Totals for Joseph City Unified School District #2
3
6,898,609
3,494,707
Kayenta Unified School District #27
0
0

0

0

0

0

0

0

0

0

Pinon Unified School District #4
0
0

0

0

0

0

0

0

0

0

Show Low Unified District
GO
2
7,780,719

1,721,824

0

955,061

0

0

766,764

60,118

3,660,239

L/3P
2
815,000
820,448
Totals for Show Low Unified District
4
8,595,719
2,542,272

0

155,971

0

0

664,477

27,063

56,531

0

1,111,032

0

0

1,431,241

87,181

3,716,770

0

615,000

0

0

4,640,000

203,306

1,116,889

0

160,000

0

0

2,028,000

89,168

337,135

0

775,000

0

0

6,668,000

292,475

1,454,024

Snowflake Unified School District #5
GO
2
7,190,000
5,255,000
L/3P
1
2,500,500
2,188,000
Totals for Snowflake Unified School District #5
3
9,690,500
7,443,000

58

46,560,013
17,570,000

15,288,650
7,440,000

8,362,889
2,600,000

33,742,369
1,250,000

52,589,234
766,764

16,068,732
4,640,000

TABLE 13
NAVAJO COUNTY SCHOOL DISTRICT FY 2016 DEBT AND DEBT LIMITATIONS
SCHOOL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

Whiteriver Unified School District #20
REV
1
17,795,000
5,450,000
Totals for Whiteriver Unified School District #20
1
17,795,000
5,450,000

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

0

1,730,000

0

0

3,720,000

275,500

5,595,935

0

1,730,000

0

0

3,720,000

275,500

5,595,935

0

0

0

0

0

864,000

33,664

140,718

REV
1
2,860,000
0
Totals for Winslow Unified School District #1
2
4,975,000
0

0

0

0

0

1,795,000

100,950

1,021,667

0

0

0

0

2,659,000

134,614

1,162,385

Winslow Unified School District #1
GO
1
2,115,000

Totals for Navajo County
GO
9
56,598,719
L/3P
20
11,473,905
REV
3
25,455,000

38,516,824
9,843,628
6,390,000

20,000,000
61,584
0

4,260,061
1,092,491
2,190,000

0
0
0

0
0
0

35,130,764
7,839,845
5,995,000

1,135,308
324,382
376,450

11,396,537
1,008,205
6,617,602

Grand Totals

54,750,452

20,061,584

7,542,552

0

0

48,965,609

1,836,139

19,022,343

32

93,527,624

59

CLASS A 15/30 CLASS B 10/20
GO CAPACITY
GO CAPACITY
--------------CLASS A DEBT CLASS B DEBT

12,781,448
864,000

TABLE 14
PIMA COUNTY SCHOOL DISTRICT FY 2016 DEBT AND DEBT LIMITATIONS
SCHOOL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

Ajo Unified District
0

OUTSTANDING
PRINCIPAL
6/30/2015

0

NEW DEBT OR
CONTRACTS

0

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

CLASS A 15/30 CLASS B 10/20
GO CAPACITY
GO CAPACITY
--------------CLASS A DEBT CLASS B DEBT

0

0

0

0

0

0

0

0

30,251

0

0

379,990

13,346

27,448

0

30,251

0

0

379,990

13,346

27,448

97,530,000

0

6,495,000

0

0

91,035,000

4,305,763

26,039,759

Totals for Amphitheater Public Schools
4
140,000,000
97,530,000

0

6,495,000

0

0

91,035,000

4,305,763

26,039,759

Catalina Foothills Unified School District #16
GO
8
55,970,000
29,340,000

14,860,000

2,630,000

7,360,000

7,360,000

34,090,000

1,153,164

10,478,626

L/3P
1
1,201,973
400,606
0
Totals for Catalina Foothills Unified School District #16
9
57,171,973
29,740,606
14,860,000

400,606

0

0

0

7,932

23,642

3,030,606

7,360,000

7,360,000

34,090,000

1,161,096

10,502,268

0

415,000

0

0

14,730,000

577,413

2,579,932

0

25,121

0

0

70,483

3,165

5,924

0

440,121

0

0

14,800,483

580,578

2,585,856

0

0

0

0

0

0

0

0

Flowing Wells Unified School District
GO
2
19,900,000
17,455,000

0

1,375,000

0

0

16,080,000

850,000

5,627,104

2,261,794

64,844

0

0

2,259,096

3,138

29,310

2,261,794

1,439,844

0

0

18,339,096

853,138

5,656,414

0

0

0

0

0

0

0

0

73,100,000

30,000,000

4,890,000

0

0

98,210,000

3,232,432

12,877,765

L/3P
2
12,575,278
10,583,005
Totals for Marana Unified School District
10
120,345,278
83,683,005

0

0

0

0

9,778,411

561,144

3,274,174

30,000,000

4,890,000

0

0

107,988,411

3,793,576

16,151,939

0

0

0

0

0

0

0

Altar Valley School District #51
L/3P
1
432,968
410,242
Totals for Altar Valley School District #51
1
432,968
410,242
Amphitheater Public Schools
GO
4
140,000,000

Continental Elementary School District
GO
3
16,000,000
15,145,000
L/3P
1
117,216
72,391
Totals for Continental Elementary School District
4
16,117,216
15,217,391
Empire Elementary School District #37
0
0

L/3P
5
2,612,453
62,147
Totals for Flowing Wells Unified School District
7
22,512,453
17,517,147
Indian Oasis-Baboquivari Unified District
0
0
Marana Unified School District
GO
8
107,770,000

Pima County School Reserve Fund
0
0

0

60

291,361,331
91,035,000

118,296,751
34,090,000

31,817,142
14,730,000

38,166,171
16,080,000

231,282,656
805,000

154,188,437
97,405,000

TABLE 14
PIMA COUNTY SCHOOL DISTRICT FY 2016 DEBT AND DEBT LIMITATIONS
SCHOOL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

CLASS A 15/30 CLASS B 10/20
GO CAPACITY
GO CAPACITY
--------------CLASS A DEBT CLASS B DEBT

Pima County School Superintendents Office
0
0

0

0

0

0

0

0

0

0

Redington Elementary School District #44
0
0

0

0

0

0

0

0

0

0

38,215,000

0

3,120,000

0

0

35,095,000

1,824,617

14,487,779

Totals for Sahuarita Unified District
5
47,815,000
38,215,000

0

3,120,000

0

0

35,095,000

1,824,617

14,487,779

San Fernando Elementary School District #35
0
0

0

0

0

0

0

0

0

0

Sunnyside Unified School District #12
GO
6
78,575,000
60,830,000

9,450,000

4,320,000

0

0

65,960,000

2,155,348

5,692,190

0

363,376

0

0

1,791,975

84,063

343,526

9,450,000

4,683,376

0

0

67,751,975

2,239,411

6,035,716

Tanque Verde Unified School District #13
GO
2
14,000,000
11,785,000

0

575,000

0

0

11,210,000

638,436

4,335,907

Totals for Tanque Verde Unified School District #13
2
14,000,000
11,785,000

0

575,000

0

0

11,210,000

638,436

4,335,907

Tucson Unified School District #1
GO
7
257,840,000

183,655,000

0

14,800,000

0

1,365,000

168,855,000

9,224,418

73,971,196

L/3P
12
66,173,791
47,666,651
Totals for Tucson Unified School District #1
19
324,013,791
231,321,651

0

8,985,413

0

0

38,681,237

1,842,243

4,393,409

0

23,785,413

0

1,365,000

207,536,237

11,066,661

78,364,605

61,390,000

0

2,430,000

0

11,030,000

58,960,000

2,670,098

17,382,730

L/3P
2
2,669,022
2,492,553
Totals for Vail Unified School District #20
11
84,999,022
63,882,553

0

225,439

0

0

2,267,114

120,993

537,901

0

2,655,439

0

11,030,000

61,227,114

2,791,091

17,920,631

Sahuarita Unified District
GO
5
47,815,000

L/3P
3
2,993,247
1,714,184
Totals for Sunnyside Unified School District #12
9
81,568,247
62,544,184

Vail Unified School District #20
GO
9
82,330,000

Totals for Pima County
GO
54
820,200,000
L/3P
27
88,775,948

588,445,000
63,401,780

54,310,000
2,261,794

41,050,000
10,095,052

7,360,000
0

19,755,000
0

594,225,000
55,228,307

26,631,687
2,636,024

173,472,987
8,635,334

Grand Totals

651,846,780

56,571,794

51,145,052

7,360,000

19,755,000

649,453,307

29,267,711

182,108,321

81

908,975,948

61

61,067,865
35,095,000

84,890,793
65,960,000

35,190,847
11,210,000

944,297,529
2,985,000

629,531,686
165,870,000

133,608,827
290,000

89,072,551
58,960,000

TABLE 15
PINAL COUNTY SCHOOL DISTRICT FY 2016 DEBT AND DEBT LIMITATIONS
SCHOOL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

Apache Junction Unified School District
GO
5
55,300,000
32,690,000

0

2,425,000

0

12,525,000

30,265,000

1,490,906

17,026,716

Totals for Apache Junction Unified School District
5
55,300,000
32,690,000

0

2,425,000

0

12,525,000

30,265,000

1,490,906

17,026,716

Casa Grande Elementary School District #4
GO
3
18,400,000
5,490,000

0

2,025,000

0

610,000

3,465,000

241,513

4,514,246

0

154,693

0

0

1,480,875

39,609

60,831

0

2,179,693

0

610,000

4,945,875

281,122

4,575,077

0

1,865,000

0

19,985,000

23,130,000

1,044,850

11,952,559

0

177,625

0

0

1,727,474

47,388

202,290

0

2,042,625

0

19,985,000

24,857,474

1,092,238

12,154,849

Coolidge Unified School District #21
GO
7
63,400,000
33,485,000

19,490,000

1,765,000

19,490,000

23,505,000

31,720,000

1,141,705

11,808,745

Totals for Coolidge Unified School District #21
7
63,400,000
33,485,000

19,490,000

1,765,000

19,490,000

23,505,000

31,720,000

1,141,705

11,808,745

1,330,000

0

60,000

0

0

1,270,000

115,550

253,461

L/3P
2
232,926
152,411
Totals for Eloy Elementary School District
3
1,722,926
1,482,411

0

45,188

0

0

136,473

6,590

8,529

0

105,188

0

0

1,406,473

122,140

261,990

Florence Unified School District #1
GO
8
86,535,000
38,465,000

0

1,295,000

0

32,520,000

37,170,000

1,703,063

15,559,451

Totals for Florence Unified School District #1
8
86,535,000
38,465,000

0

1,295,000

0

32,520,000

37,170,000

1,703,063

15,559,451

J. O. Combs Unified School District #44
GO
2
21,565,000
16,025,000

0

1,030,000

0

2,070,000

14,995,000

513,775

2,627,238

Totals for J. O. Combs Unified School District #44
2
21,565,000
16,025,000

0

1,030,000

0

2,070,000

14,995,000

513,775

2,627,238

0

20,192

0

0

160,910

5,887

19,356

0

20,192

0

0

160,910

5,887

19,356

28,225,000

2,280,000

27,260,000

31,980,000

36,100,000

1,275,879

15,732,484

47,006

53,084

0

0

105,749

8,151

22,619

28,272,006

2,333,084

27,260,000

31,980,000

36,205,749

1,284,030

15,755,104

L/3P
1
1,711,496
1,635,568
Totals for Casa Grande Elementary School District #4
4
20,111,496
7,125,568
Casa Grande Union High School District
GO
3
57,985,000
24,995,000
L/3P
3
2,254,974
1,895,383
Totals for Casa Grande Union High School District
6
60,239,974
26,890,383

Eloy Elementary School District
GO
1
1,490,000

Mammoth-San Manuel Unified School District #8
L/3P
1
219,840
181,152
Totals for Mammoth-San Manuel Unified School District #8
1
219,840
181,152
Maricopa Unified School District #20
GO
7
79,965,000
38,380,000
L/3P
8
261,562
111,881
Totals for Maricopa Unified School District #20
15
80,226,562
38,491,881

62

CLASS A 15/30 CLASS B 10/20
GO CAPACITY
GO CAPACITY
--------------CLASS A DEBT CLASS B DEBT

85,787,579
30,265,000

46,822,770
3,465,000

59,001,649
23,130,000

42,516,752
31,720,000

2,229,213
1,270,000

70,053,290
37,170,000

36,144,163
14,995,000

96,288,211
350,000

64,192,140
35,750,000

TABLE 15
PINAL COUNTY SCHOOL DISTRICT FY 2016 DEBT AND DEBT LIMITATIONS
SCHOOL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

Mary C. O'Brien Accommodation School District
L/3P
1
482,500
0
482,500
Totals for Mary C. O'Brien Accommodation School District
1
482,500
0
482,500
Oracle School District #2
0

0

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

CLASS A 15/30 CLASS B 10/20
GO CAPACITY
GO CAPACITY
--------------CLASS A DEBT CLASS B DEBT

98,901

0

0

383,599

14,153

14,153

98,901

0

0

383,599

14,153

14,153

0

0

0

0

0

0

0

0

118,129

0

35,968

0

0

82,161

4,437

11,757

118,129

0

35,968

0

0

82,161

4,437

11,757

1,419,192

508,229

0

250,518

0

0

257,711

17,788

172,206

L/3P
1
28,160
Totals for Ray Unified District
2
1,447,352

13,344

0

5,680

0

0

11,947

513

2,480

521,573

0

256,198

0

0

269,658

18,301

174,686

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Santa Cruz Valley Union High School #840
GO
2
7,567,520
2,718,439

0

1,578,138

0

0

995,943

87,694

890,943

0

124,743

0

0

573,557

32,082

152,355

0

1,702,881

0

0

1,569,500

119,776

1,043,298

0

0

0

0

0

0

0

0

598,000

0

189,000

0

0

409,000

14,950

105,099

0

124,026

0

0

1,673,802

88,018

417,255

0

313,026

0

0

2,082,802

102,968

522,354

3,135,000

0

350,000

0

0

2,785,000

44,492

233,851

L/3P
2
1,629,501
1,325,483
Totals for Toltec Elementary District
3
5,695,110
4,460,483

0

164,975

0

0

1,160,507

47,321

203,032

0

514,975

0

0

3,945,507

91,813

436,883

Picacho Elementary School
L/3P
2
164,848
Totals for Picacho Elementary School
2
164,848
Ray Unified District
GO
1

Red Rock Elementary District
0

0

Sacaton Elementary School District
0
0

L/3P
5
967,435
698,300
Totals for Santa Cruz Valley Union High School #840
7
8,534,955
3,416,739
Stanfield Elementary District
0

0

Superior Unified School District 315
GO
1
1,315,000

L/3P
4
2,227,029
1,797,828
Totals for Superior Unified School District 315
5
3,542,029
2,395,828
Toltec Elementary District
GO
1
4,065,610

63

7,000,330
257,711

10,511,162
995,943

5,589,727
409,000

8,647,675
2,785,000

TABLE 15
PINAL COUNTY SCHOOL DISTRICT FY 2016 DEBT AND DEBT LIMITATIONS
SCHOOL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

Totals for Pinal County
GO
41
399,007,321
L/3P
30
10,180,271

197,819,668
7,929,478

47,715,000
529,506

15,112,656
1,005,075

46,750,000
0

123,195,000
0

182,562,654
7,497,055

7,692,164
294,149

80,876,999
1,114,658

Grand Totals

205,749,146

48,244,506

16,117,730

46,750,000

123,195,000

190,059,709

7,986,313

81,991,657

71

409,187,592

64

CLASS A 15/30 CLASS B 10/20
GO CAPACITY
GO CAPACITY
--------------CLASS A DEBT CLASS B DEBT

TABLE 16
SANTA CRUZ COUNTY SCHOOL DISTRICT FY 2016 DEBT AND DEBT LIMITATIONS
SCHOOL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

CLASS A 15/30 CLASS B 10/20
GO CAPACITY
GO CAPACITY
--------------CLASS A DEBT CLASS B DEBT

Nogales Unified School District #1
L/3P
1
5,573,539
5,573,539
Totals for Nogales Unified School District #1
1
5,573,539
5,573,539

0

374,319

0

0

5,199,220

0

0

0

374,319

0

0

5,199,220

0

0

Patagonia Elementary School District #6
0
0

0

0

0

0

0

0

0

0

Patagonia Union High School District #20
0
0

0

0

0

0

0

0

0

0

0

45,679

0

0

195,386

5,508

5,508

0

45,679

0

0

195,386

5,508

5,508

0

500,000

0

0

4,660,000

212,663

2,782,549

0

142,544

0

0

3,506,987

65,053

216,804

0

642,544

0

0

8,166,987

277,715

2,999,353

Santa Cruz Elementary School District #28
L/3P
2
241,065
241,065
Totals for Santa Cruz Elementary School District #28
2
241,065
241,065
Santa Cruz Valley Unified School District #35
GO
2
10,000,000
5,160,000
L/3P
1
4,021,482
3,649,532
Totals for Santa Cruz Valley Unified School District #35
3
14,021,482
8,809,532
Sonoita Elementary District
0

0

0

0

0

0

0

0

0

0

Totals for Santa Cruz County
GO
2
10,000,000
L/3P
4
9,836,086

5,160,000
9,464,135

0
0

500,000
562,542

0
0

0
0

4,660,000
8,901,594

212,663
70,561

2,782,549
222,312

14,624,135

0

1,062,542

0

0

13,561,594

283,224

3,004,861

Grand Totals

6

19,836,086

65

28,320,265
4,660,000

TABLE 17
YAVAPAI COUNTY SCHOOL DISTRICT FY 2016 DEBT AND DEBT LIMITATIONS
SCHOOL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

CLASS A 15/30 CLASS B 10/20
GO CAPACITY
GO CAPACITY
--------------CLASS A DEBT CLASS B DEBT

Ash Fork Joint Unified School District #31
0
0

0

0

0

0

0

0

0

0

Bagdad Unified School District #20
0
0

0

0

0

0

0

0

0

0

3,165,000

0

170,000

0

0

2,995,000

147,981

1,127,941

L/3P
1
27,511
18,032
0
9,476
0
0
9,749
0
Totals for Beaver Creek School District #26
2
3,282,511
3,183,032
0
179,476
0
0
3,004,749
147,981
* Current capacity based on current value, debt in excess of capacity not reflected of capacity value when bonds were issued.

0

Beaver Creek School District #26
GO
1
3,255,000

Camp Verde Unified School District #28
L/3P
2
2,431,249
1,741,971
Totals for Camp Verde Unified School District #28
2
2,431,249
1,741,971

251,971

77,634

459,147

1,490,000

102,560

654,360

0

251,971

77,634

459,147

1,490,000

102,560

654,360

0

0

0

0

0

0

0

0

285,715

0

0

1,421,496

82,211

415,256

0

285,715

0

0

1,421,496

82,211

415,256

80,362

0

26,207

0

0

54,155

1,602

1,602

80,362

0

26,207

0

0

54,155

1,602

1,602

153,846

48,100

0

0

105,745

340

340

153,846

48,100

0

0

105,745

340

340

0

850,000

0

0

14,150,000

343,274

343,274

L/3P
2
955,767
690,425
0
Totals for Cottonwood-Oak Creek Elementary School District
3
15,955,767
15,690,425
0

92,189

0

0

598,438

34,977

183,764

942,189

0

0

14,748,438

378,251

527,038

0

0

Chino Valley Unified School District #51
L/3P
8
2,480,236
1,707,211
Totals for Chino Valley Unified School District #51
8
2,480,236
1,707,211
Clarkdale-Jerome School
L/3P
1
80,362
Totals for Clarkdale-Jerome School
1
80,362

Congress Elementary School District
L/3P
1
153,846
0
Totals for Congress Elementary School District
1
153,846
0
Cottonwood-Oak Creek Elementary School District
GO
1
15,000,000
15,000,000

Crown King Elementary School District
0
0

0

0

0

0

0

0

0

0

Hillside Elementary School District
0
0

0

0

0

0

0

0

0

0

66

2,739,594
2,995,000

1,127,941

0

Canon School District #50
0

*

22,256,361
14,150,000

TABLE 17
YAVAPAI COUNTY SCHOOL DISTRICT FY 2016 DEBT AND DEBT LIMITATIONS
SCHOOL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

CLASS A 15/30 CLASS B 10/20
GO CAPACITY
GO CAPACITY
--------------CLASS A DEBT CLASS B DEBT

Humboldt Unified School District #22
GO
5
59,750,000
39,650,000

0

1,900,000

0

15,765,000

37,750,000

1,663,006

14,673,086

Totals for Humboldt Unified School District #22
5
59,750,000
39,650,000

0

1,900,000

0

15,765,000

37,750,000

1,663,006

14,673,086

0

18,152

0

0

38,579

2,337

5,723

0

18,152

0

0

38,579

2,337

5,723

1,485,000

0

95,000

0

0

1,390,000

59,894

588,673

L/3P
4
1,156,987
691,678
Totals for Mayer Unified School District #43
5
3,156,987
2,176,678

0

111,821

0

0

704,275

36,405

214,130

0

206,821

0

0

2,094,275

96,299

802,803

12,705,000

1,120,000

6,630,000

6,630,000

13,875,000

354,475

5,067,739

0

184,487

0

0

1,061,783

35,603

80,481

12,705,000

1,304,487

6,630,000

6,630,000

14,936,783

390,078

5,148,220

2,020,000

7,500,000

2,020,000

0

0

7,500,000

85,850

4,051,433

L/3P
3
190,377
101,715
Totals for Prescott Unified School District
5
22,640,377
2,121,715

0

39,595

0

0

67,975

4,293

13,856

7,500,000

2,059,595

0

0

7,567,975

90,143

4,065,289

Sedona-Oak Creek Joint Unified District
GO
4
94,250,000
50,195,000

0

3,795,000

0

20,850,000

46,400,000

2,573,283

22,392,008

0

24,141

0

0

72,423

0

0

0

3,819,141

0

20,850,000

46,472,423

2,573,283

22,392,008

0

15,228

0

0

143,374

5,726

11,747

0

15,228

0

0

143,374

5,726

11,747

0

0

0

0

0

0

0

0

16,634

0

0

0

478

4,854

0

16,634

0

0

0

478

4,854

Kirkland Elementary School District #23
L/3P
1
94,325
56,731
Totals for Kirkland Elementary School District #23
1
94,325
56,731
Mayer Unified School District #43
GO
1
2,000,000

Mingus Union High School District #4
GO
3
27,705,000
8,920,000
L/3P
3
1,735,078
1,563,592
Totals for Mingus Union High School District #4
6
29,440,078
10,483,592
Prescott Unified School District
GO
2
22,450,000

L/3P
9
120,704
96,564
Totals for Sedona-Oak Creek Joint Unified District
13
94,370,704
50,291,564
Seligman Unified School District #40
L/3P
1
173,534
158,602
Totals for Seligman Unified School District #40
1
173,534
158,602
Skull Valley Elementary School District #15
0
0

0

Walnut Grove Elementary District #7
L/3P
1
80,706
16,634
Totals for Walnut Grove Elementary District #7
1
80,706
16,634

67

121,467,653
37,750,000

7,163,127
1,390,000

27,746,991
13,875,000

173,288,428
7,500,000

81,976,008
46,400,000

TABLE 17
YAVAPAI COUNTY SCHOOL DISTRICT FY 2016 DEBT AND DEBT LIMITATIONS
SCHOOL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

Williamson Valley School District #2
L/3P
1
129,154
84,963
Totals for Williamson Valley School District #2
1
129,154
84,963

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

0

41,922

0

0

43,041

2,289

2,289

0

41,922

0

0

43,041

2,289

2,289

17,918

0

17,918

0

0

0

413

1,228

17,918

0

17,918

0

0

0

413

1,228

Totals for Yavapai County
GO
17
224,410,000
L/3P
39
9,870,270

120,435,000
7,026,398

20,205,000
153,846

9,950,000
1,183,557

6,630,000
77,634

43,245,000
459,147

124,060,000
5,811,033

5,227,762
309,233

48,244,153
1,589,630

Grand Totals

127,461,398

20,358,846

11,133,557

6,707,634

43,704,147

129,871,033

5,536,995

49,833,783

Yarnell School District
L/3P
1
60,434
Totals for Yarnell School District
1
60,434

56

234,280,270

68

CLASS A 15/30 CLASS B 10/20
GO CAPACITY
GO CAPACITY
--------------CLASS A DEBT CLASS B DEBT

TABLE 18
YUMA COUNTY SCHOOL DISTRICT FY 2016 DEBT AND DEBT LIMITATIONS
SCHOOL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

Antelope Union High School District
GO
1
2,350,000

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

CLASS A 15/30 CLASS B 10/20
GO CAPACITY
GO CAPACITY
--------------CLASS A DEBT CLASS B DEBT

1,256,904

0

193,096

0

0

1,093,069

37,096

677,482

Totals for Antelope Union High School District
1
2,350,000
1,256,904

0

193,096

0

0

1,093,069

37,096

677,482

Crane Elementary District #13
GO
8
38,795,000

25,045,000

0

1,405,000

0

8,325,000

18,510,000

599,860

9,012,847

L/3P
10
4,026,927
3,111,145
Totals for Crane Elementary District #13
18
42,821,927
28,156,145

0

475,072

0

9,497

2,636,255

81,135

317,370

0

1,880,072

0

8,334,497

21,146,255

680,995

9,330,218

Gadsden Elementary School District #32
GO
2
8,015,000
115,000

7,595,000

115,000

0

0

7,595,000

4,313

411,375

Totals for Gadsden Elementary School District #32
2
8,015,000
115,000

7,595,000

115,000

0

0

7,595,000

4,313

411,375

0

0

0

0

0

0

0

0

170,000

0

0

0

10,370

198,125

0

170,000

0

0

0

10,370

198,125

0
720,723

485,000
776,767

0
0

0
0

0
3,623,953

20,088
161,799

1,137,541
825,221

720,723

1,261,767

0

0

3,623,953

181,886

1,962,762

Hyder School District #16
0

0

0

Mohawk Valley School District #17
GO
1
2,050,000
170,000
Totals for Mohawk Valley School District #17
1
2,050,000
170,000
Somerton Elementary School District #11
GO
2
4,075,000
485,000
L/3P
3
5,331,725
3,679,998
Totals for Somerton Elementary School District #11
5
9,406,725
4,164,998
Wellton Elementary School District
0
0

0

0

0

0

0

0

0

0

Yuma Elementary School District #1
GO
1
21,000,000

21,000,000

0

1,100,000

0

0

19,900,000

699,513

847,187

Totals for Yuma Elementary School District #1
1
21,000,000
21,000,000

0

1,100,000

0

0

19,900,000

699,513

847,187

Yuma Union High School District #70
GO
3
89,090,000
10,665,000

40,000,000

6,790,000

0

18,270,000

43,875,000

287,831

8,805,079

5,288,250

0

456,779

0

0

4,831,472

326,814

1,879,346

Totals for Yuma Union High School District #70
4
95,960,088
15,953,250

40,000,000

7,246,779

0

18,270,000

48,706,472

614,645

10,684,425

L/3P

1

6,870,088

69

11,690,161
1,093,069

31,398,850
1,255,000

20,932,567
17,255,000

9,538,857
7,595,000

108,246,878
19,900,000

105,159,087
43,875,000

TABLE 18
YUMA COUNTY SCHOOL DISTRICT FY 2016 DEBT AND DEBT LIMITATIONS
SCHOOL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

Totals for Yuma County
GO
18
165,375,000
L/3P
14
16,228,740

58,736,904
12,079,393

47,595,000
720,723

10,258,096
1,708,618

0
0

26,595,000
9,497

90,973,069
11,091,680

1,659,070
569,747

21,089,636
3,021,938

Grand Totals

70,816,297

48,315,723

11,966,714

0

26,604,497

102,064,749

2,228,817

24,111,574

REPORT GRAND TOTALS
GO
448 7,726,552,174 4,606,183,646
L/3P
260
423,690,777
329,739,618
MPC
1
2,299,118
2,050,235
REV
8
55,010,000
25,731,863

837,295,000
21,321,802
0
0

493,006,063
32,094,366
47,667
4,570,256

320,400,000
1,145,390
0
38,973

993,360,000 4,682,386,487
468,644
318,438,749
0
1,998,493
38,973
22,956,607

184,958,991 1,392,397,743
12,077,941
44,306,048
96,357
687,726
1,376,793
13,326,809

Grand Totals

858,616,802

529,718,352

321,584,363

993,867,617 5,025,780,335

198,510,082 1,450,718,325

32

717

181,603,740

8,207,552,068 4,963,705,362

70

CLASS A 15/30 CLASS B 10/20
GO CAPACITY
GO CAPACITY
--------------CLASS A DEBT CLASS B DEBT

SPECIAL DISTRICTS
As of June 30, 2016, special districts reported total outstanding debt of $1.64 billion (outstanding
bonds of $1.54 billion and outstanding leases of $101 million) a 3.5% decrease from the prior fiscal
year. For FY 2015, special districts reported total outstanding debt of $1.7 billion (outstanding bonds of
$1.63 billion and outstanding leases of $77.5 million).
Special districts are located within counties and in some cities and towns. They issue debt which
is not the ultimate responsibility of the county, city or town within which the special district is
situated. The debt is secured by assessments levied against property located within the special
district. The projects primarily benefit an isolated group and may or may not be subject to voter
approval.
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 alone
and were not included in the county or city or town debt figures listed in previous sections.
However, in preparing this year’s report, it was discovered that many special district road projects
or utility projects were reported in this section and should have been reported under a county or
city or town debt figures as the county, city or town had ultimate liability for that debt. Key facts
from this year’s Special District debt include:






$726.8 million in general obligation debt;
$649.4 million in revenue bonds;
$21.3 million in certificates of participation; and
$141 million in special assessment debt.

Special district lease purchases represent debt issued with a term in excess of one year. As of June
30, 2016, lease purchases totaled $101.3 million, a 19.6% increase from the $81.7 million reported
for FY 2015.
Special district debt has been reported in 14 of the 15 counties. Of the 482 reported special districts,
202 had outstanding debt at the end of FY2015/16; 280 reported no outstanding debt. The
following table shows the number of reporting special districts in each county with and without
outstanding bonded debt as of June 30, 2016.

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

#
# WITH WITHOUT
DEBT
DEBT
9
6
7
22
11
23
11
15
1
5
0
2
4
8
45
73
11
19
21
20
20
13
26
30

71

COUNTY
Santa Cruz
Yavapai
Yuma
Total

# WITH
DEBT
4
25
7
202

#
WITHOUT
DEBT
1
29
14
280

During FY 2015/16, $127 million of outstanding principal was retired. The following table lists total
outstanding special district debt by county ranked from highest debt to lowest debt as of June 30, 2016.
Table19 through Table 33 lists the outstanding debt for each special district.

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

OUTSTANDING OUTSTANDING
BONDS
LEASES
$658,978,836
$19,216,071
$461,974,272
$13,933,228
$213,280,724
$18,512,040
$61,848,929
$0
$41,501,112
$18,049,184
$40,380,000
$420,402
$26,340,000
$0
$17,444,611
$3,802,125
$9,434,250
$4,151,602
$334,000
$9,827,022
$452,000
$8,506,294
$3,180,000
$2,591,996
$3,784,619
$433,196
$0
$1,897,713
$0
$0
$1,538,933,352
$101,340,872

TOTAL
OUTSTANDING
DEBT
$678,194,906
$475,907,500
$231,792,765
$61,848,929
$59,550,296
$40,800,402
$26,340,000
$21,246,735
$13,585,852
$10,161,022
$8,958,294
$5,771,996
$4,217,815
$1,897,713
$0
$1,640,274,224

Please note that the outstanding balances listed in the report should reflect all debt as of June 30, 2016.
However, the year-end balances should reflect any July 1, 2016 payments, if the amount has been
deposited into a dedicated fund for the payment of the principal.
GENERAL OBLIGATION DEBT
Total outstanding general obligation debt for special districts as of June 30, 2016 was $726.8 million or
44% of all outstanding special district debt. The Maricopa County Special Health Care District was the
only entity reporting more than $100 million in outstanding GO debt with $106 million outstanding.
Pursuant to § 48-806, general obligation debt issued by a fire district is subject to a debt limit equal to
the lesser of 6% of the value of taxable property in the fire district (as shown on the last property tax
assessment roll before issuing the bonds) or the maximum amount specified in the election order. The
table below measures the current outstanding general obligation debt against the current capacity. For
fire districts with general obligation debt, no fire district exceeded the 6% statutory debt limit at the time
bonds were issued according to the Department of Revenue prior debt reports. However, Avra Valley,
and Rio Rico Fire Districts currently have limited capacity based on the change in valuation since the
bonds were issued.

72

FIRE DISTRICT

COUNTY

Rio Rico Fire District
Avra Valley Fire District
Picture Rocks Fire District
Black Canyon Fire District

Santa Cruz
Pima
Pima
Yavapai

3,641,823
2,873,882
2,067,782
852,438

4,670,000
2,870,000
1,881,000
745,590

% OF
CAPACITY
USED
128.20%
99.90%
91.00%
87.50%

Rincon Valley Fire District

Pima

6,333,254

4,195,000

66.20%

Three Points Fire District
Tubac Fire District
Northwest Fire District
Arizona City Fire District
Daisy Mountain Fire District
Superstition Fire & Medical District

Pima
Santa Cruz
Pima
Pinal/Pima
Maricopa
Pinal

1,727,208
844,975
5,027,574 2,065,000
62,413,271 24,370,000
2,223,249
850,000
25,165,853 9,055,000
24,989,510 6,265,000

48.90%
41.10%
39.00%
38.20%
36.00%
25.10%

Golder Ranch Fire District

Pima/Pinal

48,101,709

7,753,000

16.10%

Maricopa Fire District
Drexel Heights Fire District

Pinal
Pima

17,929,598
11,906,292

1,305,000
460,000

7.30%
3.90%

CURRENT
CAPACITY

GO DEBT

5 Maricopa Fire District dissolved and merged with the City of Maricopa Fire Department in 2007.

73

REVENUE BONDS
Total outstanding debt from revenue bonds as of June 30, 2016 was $649.4 million or 39% of total
outstanding debt. Districts with revenue bond debt in excess of $100 million, in order of most to
least debt, are: Regional Transportation Authority in Pima County, Valley Metro Regional Public
Transportation in Maricopa County, and Electrical District #3 in Pinal County.
CERTIFICATES OF PARTICIPATION
Three special districts reported certificates of participation with total outstanding principal as of June
30, 2016 of $21.3 million. Two fire districts reported outstanding debt of $11.1 million ($6.6 million
by Green Valley Fire District and $4.5 million by Pinetop Fire District) and Rio Nuevo Multipurpose
Facilities reported outstanding debt of $10.2 million.
SPECIAL ASSESSMENT BONDS
Total outstanding debt from special assessment bonds as of June 30, 2016 was $141.5 million or
8.6% of total outstanding debt.
NEW BONDS
During FY 2015/16, 21 special districts incurred $349.4 million in new debt; of this amount $195.7 million
was attributed to refunding. Detail of new bonds issued can be found in Section Two and Table 40.
LEASE PURCHASES
Lease purchases and third party financing contracts represent debt issued with a term greater than one
year. As of June 30, 2016, 91 special districts reported outstanding lease purchases of $101.3 million.
INTEREST
Interest paid on debt during FY 2016 of was $75.3 million on $1.6 billion of outstanding principal as of
June 30, 2016 and $599.9 million interest paid to date on 439 debt issues with an original principal of
$2.57 billion.
PER CAPITA DEBT
One method of determining the level of debt for special districts within a county in relation to 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 total for special
districts compares to others.

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

BOND
DEBT
$803
$685
$525
$458
$240
$288
$179
$162
$8
$86
$85
$44
$2
$0
$0

LEASE
DEBT
$8
$0
$46
$14
$83
$0
$20
$5
$156
$38
$18
$36
$69
$15
$0

TOTAL
DEBT
$812
$685
$570
$471
$323
$288
$199
$166
$164
$124
$104
$80
$72
$15
$0

The population measure used to calculate per capita debt is the July 1, 2015 Department of
Administration’s estimate.

74

TABLE 19
SPECIAL DISTRICT FY 2016 DEBT IN APACHE COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

Alpine Domestic Water Improvement District
L/3P
2
1,046,197
929,079
15,838
Totals for Alpine Domestic Water Improvement District
2
1,046,197
929,079
15,838
Alpine Fire District
L/3P
1
213,532
Totals for Alpine Fire District
1
213,532
Alpine Sanitary District
0

0

Greer Fire District
L/3P
2
312,792
Totals for Greer Fire District
2
312,792
Little Colorado Sanitary District
0
0

0

INTEREST
PAID
TO DATE

44,410

0

0

896,822

9,129

55,273

44,410

0

0

896,822

9,129

55,273

0

0

102,306

4,486

14,246

132,919

0

30,613

0

0

102,306

4,486

14,246

0

0

0

0

0

0

0

0

0

545,000

0

0

3,180,000

167,625

2,346,612

0

545,000

0

0

3,180,000

167,625

2,346,612

0

4,738

0

0

24,810

1,356

19,499

0

4,738

0

0

24,810

1,356

19,499

0

0

0

0

0

0

0

0

87,534

0

23,121

0

0

44,413

2,604

64,288

87,534

0

23,121

0

0

44,413

2,604

64,288

0

0

0

0

0

0

0

0

62,367

0

0

715,491

48,747

355,492

62,367

0

0

715,491

48,747

355,492

476,334

0

26,437

0

0

449,897

0

0

476,334

0

26,437

0

0

449,897

0

0

0

1,693

0

0

25,368

810

7,316

0

1,693

0

0

25,368

810

7,316

0

0

0

0

0

0

0

Ojo Bonito Estates Domestic WID
L/3P
1
37,085
27,061
Totals for Ojo Bonito Estates Domestic WID
1
37,085
27,061
Puerco Valley Fire District
0

INTEREST
PAID IN
2016

30,613

Northern Apache County Special Health Care District
L/3P
2
1,069,947
777,857
0
Totals for Northern Apache County Special Health Care District
2
1,069,947
777,857
0
Nutrioso Fire District
L/3P
1
525,454
Totals for Nutrioso Fire District
1
525,454

OUTSTANDING
PRINCIPAL
6/30/2016

0

Concho Volunteer Fire District
L/3P
1
68,250
29,548
Totals for Concho Volunteer Fire District
1
68,250
29,548

0

AMOUNT
REFUNDED
TO DATE

132,919

Apache County Library District
SA
1
7,190,000
3,725,000
Totals for Apache County Library District
1
7,190,000
3,725,000

Ganado Fire District
0

AMOUNT
REFUNDED
FY 2016

0

75

TABLE 19
SPECIAL DISTRICT FY 2016 DEBT IN APACHE COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT
Vernon Domestic WID
0

OUTSTANDING
PRINCIPAL
6/30/2015

0

Vernon Fire District
L/3P
1
570,000
Totals for Vernon Fire District
1
570,000

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

0

0

0

0

0

0

0

0

397,126

0

41,012

0

0

332,889

6,728

174,028

397,126

0

41,012

0

0

332,889

6,728

174,028

0

0

0

0

0

0

0

White Mountain Communities Special Health Care District
0
0
0
Totals for Apache County
L/3P
11
3,843,257
SA
1
7,190,000

2,857,458
3,725,000

15,838
0

234,391
545,000

0
0

0
0

2,591,996
3,180,000

73,860
167,625

690,142
2,346,612

Grand Totals

6,582,458

15,838

779,391

0

0

5,771,996

241,485

3,036,754

12

11,033,257

76

TABLE 20
SPECIAL DISTRICT FY 2016 DEBT IN COCHISE COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

Babocomari Fire District
0

0

0

0

0

0

0

0

0

0

Bowie Fire District
0

0

0

0

0

0

0

0

0

0

Bowie Water Improvement
0

0

0

0

0

0

0

0

0

0

Cochise County Flood Control District
0
0

0

0

0

0

0

0

0

0

Elfrida Fire District
0

0

0

0

0

0

0

0

0

0

Fry Fire District
0

0

0

0

0

0

0

0

0

0

230,785

0

19,515

0

0

1,111,270

11,057

73,634

230,785

0

19,515

0

0

1,111,270

11,057

73,634

16,484

0

11,928

0

0

4,556

372

3,057

16,484

0

11,928

0

0

4,556

372

3,057

0

0

0

0

0

0

0

0

Northern Cochise Hospital District
0
0

0

0

0

0

0

0

0

0

Palominas Fire District
0

0

0

0

0

0

0

0

0

40,656

20,328

20,328

0

0

40,656

813

3,252

40,656

20,328

20,328

0

0

40,656

813

3,252

0

0

0

0

0

0

0

0

254,977

0

12,761

0

0

248,132

11,686

148,845

254,977

0

12,761

0

0

248,132

11,686

148,845

Mescal-J6 Fire District
L/3P
2
320,000
Totals for Mescal-J6 Fire District
2
320,000
Naco Fire District
L/3P
1
31,500
Totals for Naco Fire District
1
31,500
Naco Sanitary District
0

0

0

Pirtleville Fire District
L/3P
1
121,968
Totals for Pirtleville Fire District
1
121,968
Pistachio Pass Irrigation
0

0

Pomerene Domestic WID
L/3P
2
292,315
Totals for Pomerene Domestic WID
2
292,315

77

TABLE 20
SPECIAL DISTRICT FY 2016 DEBT IN COCHISE COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

Pomerene Volunteer Fire District
0
0

0

0

0

0

0

0

0

0

San Jose Fire District
0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

111,150

111,150

0

0

0

111,150

0

0

111,150

111,150

0

0

0

111,150

0

0

0

0

0

0

0

0

0

0

St. David Domestic Water Improvement District
0
0
0

0

0

0

0

0

0

0

178,745

0

28,267

0

0

138,707

5,831

27,666

178,745

0

28,267

0

0

138,707

5,831

27,666

St. David Flood Control District
0
0

0

0

0

0

0

0

0

0

St. David Irrigation District
0

0

0

0

0

0

0

0

0

0

Sunnyside Fire District
0

0

0

0

0

0

0

0

0

0

Sunsites-Pearce Fire District
0

0

0

0

0

0

0

0

0

0

Vanar Flood Control District
0

0

0

0

0

0

0

0

0

0

Wellspring Water District
0

0

0

0

0

0

0

0

0

0

0

288,202

44,961

0

0

243,241

1,305

13,300

0

288,202

44,961

0

0

243,241

1,305

13,300

0

San Pedro Valley Hospital District
0
0
San Simon Fire District
L/3P
1
111,150
Totals for San Simon Fire District
1
111,150
San Simon Water District
0

0

St. David Fire District
L/3P
2
264,949
Totals for St. David Fire District
2
264,949

Whetstone Fire District
L/3P
2
467,902
Totals for Whetstone Fire District
2
467,902

78

TABLE 20
SPECIAL DISTRICT FY 2016 DEBT IN COCHISE COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT
Whetstone Water District
0

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

0

0

0

0

0

0

0

0

0

Totals for Cochise County
L/3P
11
1,609,784

832,797

419,680

137,760

0

0

1,897,713

31,064

269,755

Grand Totals

832,797

419,680

137,760

0

0

1,897,713

31,064

269,755

11

1,609,784

79

TABLE 21
SPECIAL DISTRICT FY 2016 DEBT IN COCONINO COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

Badger Creek Domestic WID
0

0

0

0

0

0

0

0

0

0

Blue Ridge Fire District
0

0

0

0

0

0

0

0

0

0

Flagstaff Ranch Fire District
0

0

0

0

0

0

0

0

0

0

Forest Lakes Domestic WID
0

0

0

0

0

0

0

0

0

0

145,422

0

10,613

0

0

134,809

4,125

6,505

145,422

0

10,613

0

0

134,809

4,125

6,505

Forest Lakes Fire District
L/3P
1
151,081
Totals for Forest Lakes Fire District
1
151,081
Foxboro Ranch Domestic WID
0

0

0

0

0

0

0

0

0

0

Greenehaven Fire District
0

0

0

0

0

0

0

0

0

0

0

38,000

0

0

164,000

9,379

105,090

0

38,000

0

0

164,000

9,379

105,090

3,773,649

0

269,714

0

0

3,519,060

145,206

803,898

3,773,649

0

269,714

0

0

3,519,060

145,206

803,898

15,200

0

15,200

0

0

0

0

0

15,200

0

15,200

0

0

0

0

0

0

9,439

0

0

89,758

5,328

50,510

0

9,439

0

0

89,758

5,328

50,510

Hashkinfe Trails Road Improvement District
SA
1
357,000
202,000
Totals for Hashkinfe Trails Road Improvement District
1
357,000
202,000
Highlands Fire District
L/3P
3
4,757,593
Totals for Highlands Fire District
3
4,757,593
Junipine Fire District
L/3P
1
30,400
Totals for Junipine Fire District
1
30,400

Kaibab Estates West Fire District
L/3P
1
150,000
99,197
Totals for Kaibab Estates West Fire District
1
150,000
99,197
Kiowa-Comanche Road Improvement District
0
0

0

0

0

0

0

0

0

0

Lockett Ranch Fire District
0

0

0

0

0

0

0

0

0

0

80

TABLE 21
SPECIAL DISTRICT FY 2016 DEBT IN COCONINO COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

Lupine Road Improvement District
0
0

0

0

0

0

0

0

0

0

Majestic View Domestic WID
0

0

0

0

0

0

0

0

0

0

Mormon Lake Fire District
0

0

0

0

0

0

0

0

0

0

0

47,000

0

0

170,000

8,749

124,847

0

47,000

0

0

170,000

8,749

124,847

North Stardust/Antelope Trails Road ID
SA
1
438,000
217,000
Totals for North Stardust/Antelope Trails Road ID
1
438,000
217,000
Page Hospital District
0

0

0

0

0

0

0

0

0

0

Pawnee Road Improvement District
0
0

0

0

0

0

0

0

0

0

248,149

0

38,236

0

0

222,522

13,113

137,732

248,149

0

38,236

0

0

222,522

13,113

137,732

0

844,661

0

0

2,325,391

63,902

937,465

0

844,661

0

0

2,325,391

63,902

937,465

398,293

0

82,915

0

0

315,378

20,637

441,042

398,293

0

82,915

0

0

315,378

20,637

441,042

0

0

0

0

0

0

0

0

0

18,625

0

0

109,861

6,366

26,113

0

18,625

0

0

109,861

6,366

26,113

Pinewood Fire District
L/3P
1
446,281
Totals for Pinewood Fire District
1
446,281

Pinewood Sanitary District
L/3P
9
8,668,468
5,263,430
Totals for Pinewood Sanitary District
9
8,668,468
5,263,430
Ponderosa Fire District
L/3P
3
1,071,796
Totals for Ponderosa Fire District
3
1,071,796
Rio Arroyo Road Improvement
0

0

Sherwood Forest Estates Fire District
L/3P
2
274,987
128,486
Totals for Sherwood Forest Estates Fire District
2
274,987
128,486
Shoshone Road Improvement District
0
0

0

0

0

0

0

0

0

0

South Grand Canyon Sanitary District
0
0

0

0

0

0

0

0

0

0

81

TABLE 21
SPECIAL DISTRICT FY 2016 DEBT IN COCONINO COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

Summit Fire District
L/3P
6
3,717,672
Totals for Summit Fire District
6
3,717,672

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

3,090,959

0

291,737

0

0

2,799,220

63,951

263,462

3,090,959

0

291,737

0

0

2,799,220

63,951

263,462

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

324,650

0

13,990

0

0

311,024

8,553

25,636

324,650

0

13,990

0

0

311,024

8,553

25,636

0

0

0

0

0

0

0

0

0

Westwood Estates Fire District
0
0

0

0

0

0

0

0

0

0

Williams Hospital District
0

0

0

0

0

0

0

0

0

0

Woods Fire District
0

0

0

0

0

0

0

0

0

0

Totals for Coconino County
L/3P
28
19,626,210
SA
2
795,000

13,487,436
419,000

0
0

1,595,131
85,000

0
0

0
0

9,827,022
334,000

331,180
18,128

2,692,362
229,937

Grand Totals

13,906,436

0

1,680,131

0

0

10,161,022

349,309

2,922,299

Toho Tolani Road Improvement
0

0

Tonawanda Road Improvement District
0
0
Tusayan Fire District
L/3P
1
357,932
Totals for Tusayan Fire District
1
357,932
Valle Domestic WID
0

30

20,421,210

82

TABLE 22
SPECIAL DISTRICT FY 2016 DEBT IN GILA COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

Beaver Valley Domestic WID
0

0

0

0

0

0

0

0

0

0

Beaver Valley Fire District
0

0

0

0

0

0

0

0

0

0

0

3,000

0

0

170,000

8,001

121,083

0

3,000

0

0

170,000

8,001

121,083

0

42,855

0

0

189,638

9,516

69,088

0

42,855

0

0

189,638

9,516

69,088

Canyon Water Improvement District
REV
1
200,000
173,000
Totals for Canyon Water Improvement District
1
200,000
173,000
Christopher Kohls Fire District
L/3P
2
365,000
232,493
Totals for Christopher Kohls Fire District
2
365,000
232,493
Dudleyville Volunteer Fire District
0
0

0

0

0

0

0

0

0

0

East Verde Park Fire District
0

0

0

0

0

0

0

0

0

0

Gisela Valley Fire District
0

0

0

0

0

0

0

0

0

0

706,135

325,000

82,460

0

0

948,675

32,216

71,841

706,135

325,000

82,460

0

0

948,675

32,216

71,841

57,087

0

15,293

0

0

41,794

2,730

36,967

57,087

0

15,293

0

0

41,794

2,730

36,967

0

153,000

0

0

282,000

16,833

153,319

0

153,000

0

0

282,000

16,833

153,319

0

24,267

0

0

399,592

11,942

81,886

0

24,267

0

0

399,592

11,942

81,886

158,020

0

0

6,286,378

178,309

181,731

158,020

0

0

6,286,378

178,309

181,731

0

0

0

0

0

0

Hellsgate Fire District
L/3P
3
1,124,487
Totals for Hellsgate Fire District
3
1,124,487
Houston Mesa Fire District
L/3P
1
140,000
Totals for Houston Mesa Fire District
1
140,000

Northern Gila County Sanitary District
SA
1
635,000
435,000
Totals for Northern Gila County Sanitary District
1
635,000
435,000
Pine Creek Canyon Domestic WID
L/3P
3
975,000
423,862
Totals for Pine Creek Canyon Domestic WID
3
975,000
423,862

Pine Strawberry Water Improvement District
L/3P
1
6,444,398
0
6,444,398
Totals for Pine Strawberry Water Improvement District
1
6,444,398
0
6,444,398
Pine Water Association Domestic WID
0
0

0

0

83

TABLE 22
SPECIAL DISTRICT FY 2016 DEBT IN GILA COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PineStrawberry Fire District
L/3P
1
159,126
91,044
Totals for PineStrawberry Fire District
1
159,126
91,044

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

0

39,989

0

0

51,055

1,732

7,404

0

39,989

0

0

51,055

1,732

7,404

0

0

0

0

0

0

0

0

Round Valley/Oxbow Estates Fire District
0
0

0

0

0

0

0

0

0

0

Solitude Trails Domestic WID
0

0

0

0

0

0

0

0

0

0

Strawberry Hollow Domestic WID
0
0

0

0

0

0

0

0

0

0

Strawberry Hollow Wastewater Improvement
0
0

0

0

0

0

0

0

0

0

Sunflower Mesa Domestic WID
0

0

0

0

0

0

0

0

0

216,625

0

49,987

0

0

166,638

4,340

9,503

216,625

0

49,987

0

0

166,638

4,340

9,503

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

101,038

0

0

100,007

16,790

243,764

0

101,038

0

0

100,007

16,790

243,764

0

0

0

0

0

0

0

0

32,483

0

0

322,517

13,351

13,351

0

32,483

0

0

322,517

13,351

13,351

Pleasant Valley Fire District
0

0

0

Tonto Basin Fire District
L/3P
2
266,847
Totals for Tonto Basin Fire District
2
266,847
Tonto Village Domestic WID
0

0

Tri-City Regional Sanitary District
0
0

TriCity / Central Heights Fire District
L/3P
3
1,049,542
210,996
Totals for TriCity / Central Heights Fire District
3
1,049,542
210,996
Whispering Pines Domestic WID
0

0

0

Whispering Pines Fire District
L/3P
2
355,000
355,000
Totals for Whispering Pines Fire District
2
355,000
355,000

84

TABLE 22
SPECIAL DISTRICT FY 2016 DEBT IN GILA COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

Totals for Gila County
L/3P
18
10,879,400
REV
1
200,000
SA
1
635,000

2,293,243
173,000
435,000

6,769,398
0
0

546,392
3,000
153,000

0
0
0

0
0
0

8,506,294
170,000
282,000

270,926
8,001
16,833

715,535
121,083
153,319

Grand Totals

2,901,243

6,769,398

702,392

0

0

8,958,294

295,760

989,936

20

11,714,400

85

TABLE 23
SPECIAL DISTRICT FY 2016 DEBT IN GRAHAM COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

Central Jackson Heights Fire District
0
0
Fort Thomas Fire District
L/3P
1
21,000
Totals for Fort Thomas Fire District
1
21,000
Graham County Jail District
REV
1
26,340,000
Totals for Graham County Jail District
1
26,340,000

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

0

0

0

0

0

0

0

0

10,000

0

2,550

0

0

0

135

920

10,000

0

2,550

0

0

0

135

920

0

26,340,000

0

0

0

26,340,000

901,762

901,762

0

26,340,000

0

0

0

26,340,000

901,762

901,762

Mt. Graham Hospital District
0

0

0

0

0

0

0

0

0

0

Pima Rural Fire District
0

0

0

0

0

0

0

0

0

0

Safford Rural Fire District
0

0

0

0

0

0

0

0

0

0

Totals for Graham County
L/3P
1
21,000
REV
1
26,340,000

10,000
0

0
26,340,000

2,550
0

0
0

0
0

0
26,340,000

135
901,762

920
901,762

Grand Totals

10,000

26,340,000

2,550

0

0

26,340,000

901,897

902,682

2

26,361,000

86

TABLE 24
SPECIAL DISTRICT FY 2016 DEBT IN GREENLEE COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

Duncan Valley Rural Fire District
0
0

0

0

0

0

0

0

0

0

Franklin Irrigation District
0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Totals for Greenlee County
Grand Totals

0

87

TABLE 25
SPECIAL DISTRICT FY 2016 DEBT IN LA PAZ COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT
Bouse Volunteer Fire District
0

OUTSTANDING
PRINCIPAL
6/30/2015

0

NEW DEBT OR
CONTRACTS

0

Buckskin Sanitary District
REV
1
915,000
0
SA
4
6,016,282
3,126,004
Totals for Buckskin Sanitary District
5
6,931,282
3,126,004
Buckskin Volunteer Fire District
L/3P
1
135,661
82,808
Totals for Buckskin Volunteer Fire District
1
135,661
82,808

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

0

0

0

0

0

0

0

915,000
0

0
256,385

0
0

0
0

915,000
2,869,619

0
138,407

0
1,827,546

915,000

256,385

0

0

3,784,619

138,407

1,827,546

0

21,081

0

0

59,340

4,588

21,853

0

21,081

0

0

59,340

4,588

21,853

Cibola Valley Irrigation & Drainage
0
0

0

0

0

0

0

0

0

0

Ehrenberg Fire District
0

0

0

0

0

0

0

0

0

0

Electrical District #8
0

0

0

0

0

0

0

0

0

0

La Paz County Hospital District
0
0

0

0

0

0

0

0

0

0

McMullen Valley Fire District
0

0

0

0

0

0

0

0

0

McMullen Valley Water Conservation & Drainage
0
0
0

0

0

0

0

0

0

0

Parker Volunteer Fire District
0
0

0

0

0

0

0

0

0

0

149,172

0

87,845

0

0

105,668

5,695

190,265

149,172

0

87,845

0

0

105,668

5,695

190,265

0

4,329

0

0

268,188

11,499

120,763

0

4,329

0

0

268,188

11,499

120,763

0

Quartzsite Fire District
L/3P
3
607,976
Totals for Quartzsite Fire District
3
607,976

Wenden Domestic Water Improvement District
L/3P
1
301,000
272,517
Totals for Wenden Domestic Water Improvement District
1
301,000
272,517
Totals for La Paz County
L/3P
5
1,044,637
REV
1
915,000
SA
4
6,016,282

504,497
0
3,126,004

0
915,000
0

113,255
0
256,385

0
0
0

0
0
0

433,196
915,000
2,869,619

21,782
0
138,407

332,881
0
1,827,546

Grand Totals

3,630,501

915,000

369,640

0

0

4,217,815

160,189

2,160,427

10

7,975,919

88

TABLE 26
SPECIAL DISTRICT FY 2016 DEBT IN MARICOPA COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

#K109 Plymouth Street
SA
1
145,969
Totals for #K109 Plymouth Street
1
145,969

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

0

15,570

0

0

14,110

1,752

44,219

29,680

0

15,570

0

0

14,110

1,752

44,219

2,565

0

2,048

0

0

517

50

67,136

2,565

0

2,048

0

0

517

50

67,136

0

0

0

0

0

0

0

0

2,670,000

2,360,000

2,840,000

2,670,000

2,670,000

2,190,000

128,522

1,882,254

2,670,000

2,360,000

2,840,000

2,670,000

2,670,000

2,190,000

128,522

1,882,254

#K91 Queen Creek Water
SA
1
301,960
Totals for #K91 Queen Creek Water
1
301,960

29,680

Adaman Irrigation District #36
0
0
Agua Fria Ranch CFD
GO
2
5,810,000
Totals for Agua Fria Ranch CFD
2
5,810,000
Aguila Fire District
0

0

0

0

0

0

0

0

0

0

Aguila Irrigation District
0

0

0

0

0

0

0

0

0

0

0
342,966

0
0

0
0

3,217,354
760,955

0
71,376

0
3,640,932

342,966

0

0

3,978,309

71,376

3,640,932

Arizona Utilities Community Facilities District
L/3P
1
3,217,354
3,217,354
0
REV
1
4,371,000
1,103,920
0
Totals for Arizona Utilities Community Facilities District
2
7,588,354
4,321,274
0
Berridge Manor IWDD #38
0

0

Broadland Ranches Greenfield IWDD #39
0
0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

141,048

0

0

2,757,628

97,615

785,298

0

141,048

0

0

2,757,628

97,615

785,298

0

0

0

0

600,000

24,000

36,000

0

0

0

0

600,000

24,000

36,000

0

0

0

0

0

0

0

0

105,000

0

0

2,960,000

170,179

1,877,199

0

105,000

0

0

2,960,000

170,179

1,877,199

Buckeye Valley Fire District
L/3P
1
3,517,000
2,898,676
Totals for Buckeye Valley Fire District
1
3,517,000
2,898,676
Buckeye Water Conservation & Drainage District
L/3P
2
600,000
200,400
Totals for Buckeye Water Conservation & Drainage District
2
600,000
200,400
Camelview Irrigation WDD #44
0

0

0

Centerra Community Facilities District
GO
3
3,985,000
3,065,000
Totals for Centerra Community Facilities District
3
3,985,000
3,065,000

89

TABLE 26
SPECIAL DISTRICT FY 2016 DEBT IN MARICOPA COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

Chandler Heights Citrus Irrigation
0
0

0

0

0

0

0

0

0

0

Circle City / Morristown Fire District
0
0

0

0

0

0

0

0

0

0

Circle G Octotillo IWDD #47
0

0

0

0

0

0

0

0

0

0

Citrus Garden IWDD #33
0

0

0

0

0

0

0

0

0

0

Clearwater Hills Fire District
0
0

0

0

0

0

0

0

0

0

College Park Country Estates IWDD #53
0
0

0

0

0

0

0

0

0

0

0

80,000

0

0

2,035,000

112,732

1,307,302

0

80,000

0

0

2,035,000

112,732

1,307,302

0

110,000

0

0

2,160,000

134,310

1,930,509

0

110,000

0

0

2,160,000

134,310

1,930,509

0

0

0

0

0

0

0

0

860,000

0

0

11,625,000

425,739

1,773,805

0

860,000

0

0

11,625,000

425,739

1,773,805

0
0

9,055,000
925,000

0
60,608

0
0

0
0

9,055,000
864,392

0
12,164

0
12,164

0

9,980,000

60,608

0

0

9,919,392

12,164

12,164

2,300,000

0

365,000

0

0

1,935,000

43,516

43,516

2,300,000

0

365,000

0

0

1,935,000

43,516

43,516

0

0

0

0

0

0

0

0

Cortina Community Facilities District
GO
2
2,655,000
2,115,000
Totals for Cortina Community Facilities District
2
2,655,000
2,115,000
Cottonflower Community Facilities District
GO
2
3,085,000
2,270,000
Totals for Cottonflower Community Facilities District
2
3,085,000
2,270,000
Cuatro Palmas Irrigation WDD #26
0
0

0

DC Ranch Community Facilities District
GO
1
14,670,000
12,485,000
Totals for DC Ranch Community Facilities District
1
14,670,000
12,485,000
Daisy Mountain Fire District
GO
1
9,055,000
L/3P
2
925,000
Totals for Daisy Mountain Fire District
3
9,980,000
Eagle Mountain CFD
GO
1
2,300,000
Totals for Eagle Mountain CFD
1
2,300,000
East Morningside Irrigation WDD #8
0
0

90

TABLE 26
SPECIAL DISTRICT FY 2016 DEBT IN MARICOPA COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

Eastmark Community Facilities District
GO
2
10,050,000
3,185,000
SA
5
10,051,000
7,789,000
Totals for Eastmark Community Facilities District
7
20,101,000
10,974,000
Electrical District #7
0

0

0

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

6,800,000
2,030,000

285,000
204,000

0
0

0
0

9,700,000
9,615,000

425,742
428,491

597,128
828,950

8,830,000

489,000

0

0

19,315,000

854,233

1,426,078

0

0

0

0

0

0

0

0
0

0
0

14,420,000
20,997,000

871,296
1,361,245

8,293,307
18,249,811

0

0

35,417,000

2,232,541

26,543,118

450,000
296,201

0
0

0
0

12,780,000
3,297,949

774,578
196,542

4,099,193
1,933,055

746,201

0

0

16,077,949

971,119

6,032,247

Estrella Mountain Ranch Community Facilities District
GO
2
17,755,000
14,915,000
0
495,000
SA
5
32,626,000
22,329,000
0
1,332,000
Totals for Estrella Mountain Ranch Community Facilities District
7
50,381,000
37,244,000
0
1,827,000
Festival Ranch Community Facilities
GO
6
17,135,000
SA
8
6,534,000
Totals for Festival Ranch Community
14
23,669,000

AMOUNT
REFUNDED
FY 2016

District
13,230,000
0
3,106,150
488,000
Facilities District
16,336,150
488,000

Fountain Hills Sanitary District
0
0

0

0

0

0

0

0

0

0

Goldfield Ranch Fire District
0

0

0

0

0

0

0

0

0

10,350,000

0

435,000

0

0

9,915,000

450,175

1,187,403

10,350,000

0

435,000

0

0

9,915,000

450,175

1,187,403

42,230,000

18,535,000

1,270,000

18,880,000

18,880,000

40,615,000

1,669,751

9,737,115

42,230,000

18,535,000

1,270,000

18,880,000

18,880,000

40,615,000

1,669,751

9,737,115

0

Goodyear CFD General
GO
1
10,685,000
Totals for Goodyear CFD General
1
10,685,000
Goodyear CFD Utilities
GO
4
64,320,000
Totals for Goodyear CFD Utilities
4
64,320,000

Groves at Superstition Ranch IWDD #40
0
0

0

0

0

0

0

0

0

0

Groves of Hermosa Vista IWDD #41
0
0

0

0

0

0

0

0

0

0

0

33,264

0

0

47,309

1,687

62,984

0

33,264

0

0

47,309

1,687

62,984

0

0

0

0

0

0

0

Harquahala Valley Fire District
L/3P
2
233,807
110,071
Totals for Harquahala Valley Fire District
2
233,807
110,071
Harquahala Valley Irrigation District
0
0

0

91

TABLE 26
SPECIAL DISTRICT FY 2016 DEBT IN MARICOPA COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

Harquahala Valley Power District
0
0

0

0

0

0

0

0

0

0

Hoffman Terrace Irrigation WDD #3
0
0

0

0

0

0

0

0

0

0

0

90,000

0

0

1,390,000

90,250

689,405

0

90,000

0

0

1,390,000

90,250

689,405

0

0

0

0

0

0

0

0

Lamar Irrigation Water Delivery District #30
0
0
0

0

0

0

0

0

0

0

Laveen Fire District
0

0

0

0

0

0

0

0

Leroy Vista Irrigation Water Delivery District #12
0
0
0

0

0

0

0

0

0

0

Little Creek Land Company Domestic WID
0
0

0

0

0

0

0

0

0

Long Manor Irrigation Water Delivery District #52
0
0
0

0

0

0

0

0

0

0

Longhorn Ranch IWDD #51
0

0

0

0

0

0

0

0

Los Olivos Irrigation Water Delivery District #1
0
0
0

0

0

0

0

0

0

0

Madison Park Irrigation WDD #22
0
0

0

0

0

0

0

0

0

0

Magma Flood Control District
0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0
1,887,379

0
0

0
0

106,000,000
2,822,255

1,089,297
112,812

1,089,297
855,752

1,887,379

0

0

108,822,255

1,202,109

1,945,049

Jackrabbit Trail Improvement District
SA
1
2,545,000
1,480,000
Totals for Jackrabbit Trail Improvement District
1
2,545,000
1,480,000
King Ranch Community Facilities District
0
0

0

0

0

Maricopa County Flood Control District
0
0

0

0

0

Maricopa County Special Health Care District
GO
1
106,000,000
0
106,000,000
L/3P
5
9,458,779
4,709,634
0
Totals for Maricopa County Special Health Care District
6
115,458,779
4,709,634
106,000,000

92

TABLE 26
SPECIAL DISTRICT FY 2016 DEBT IN MARICOPA COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

Maricopa County Stadium District
REV
1
25,140,000
16,010,000
Totals for Maricopa County Stadium District
1
25,140,000
16,010,000

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

0

3,325,000

0

0

12,685,000

365,028

1,793,448

0

3,325,000

0

0

12,685,000

365,028

1,793,448

17,936,949

0

82,284

0

0

16,935,003

50,676

1,954,161

17,936,949

0

82,284

0

0

16,935,003

50,676

1,954,161

7,115,000

0

230,000

0

0

6,885,000

442,417

4,096,917

7,115,000

0

230,000

0

0

6,885,000

442,417

4,096,917

0

0

0

0

0

0

0

0

0

1,085,000

0

0

7,320,000

238,702

1,075,732

0

1,085,000

0

0

7,320,000

238,702

1,075,732

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

1,915,423

0

0

0

0

0

0

0

1,915,423

0

0

0

0

0

0

0

0

Morrison Ranch Irrigation WDD #49
0
0

0

0

0

0

0

0

0

0

Myrtle Park IWDD #10
0

0

0

0

0

0

0

0

0

New State Irrigation and Drainage District
0
0

0

0

0

0

0

0

0

0

Ocotillo Water Conservation District #68
0
0

0

0

0

0

0

0

0

0

Olivewood Estates Irrigation WDD #29
0
0

0

0

0

0

0

0

0

0

Maricopa Water District
REV
2
19,900,000
Totals for Maricopa Water District
2
19,900,000
Marley Park CFD
GO
3
8,710,000
Totals for Marley Park CFD
3
8,710,000
McDowell Homes IWDD #7
0

0

McDowell Mountain Ranch CFD
GO
1
11,555,000
8,405,000
Totals for McDowell Mountain Ranch CFD
1
11,555,000
8,405,000
McMicken Irrigation District
0

0

Miller Road Improvement District
SA
1
4,435,000
Totals for Miller Road Improvement District
1
4,435,000
Mobile Gardens Domestic WID
0

0

0

93

TABLE 26
SPECIAL DISTRICT FY 2016 DEBT IN MARICOPA COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

Palm Valley Community Facilities District No. 3
GO
2
8,540,000
6,965,000
0
Totals for Palm Valley Community Facilities District No. 3
2
8,540,000
6,965,000
0
Paloma Irrigation and Drainage District
L/3P
2
1,170,219
146,975
Totals for Paloma Irrigation and Drainage District
2
1,170,219
146,975
Phoenix Mesa Gateway Airport Authority
L/3P
2
3,243,940
2,637,294
REV
1
19,220,000
18,370,000
Totals for Phoenix Mesa Gateway Airport Authority
3
22,463,940
21,007,294

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

240,000

0

0

6,725,000

375,977

3,676,395

240,000

0

0

6,725,000

375,977

3,676,395

770,000

80,036

0

0

836,939

8,805

36,099

770,000

80,036

0

0

836,939

8,805

36,099

0
0

137,594
445,000

0
0

0
0

2,499,701
17,925,000

122,103
874,900

1,220,885
3,868,636

0

582,594

0

0

20,424,701

997,003

5,089,520

Puerto Cuatro IWDD #46
0

0

0

0

0

0

0

0

0

0

Queen Creek IWDD #32
0

0

0

0

0

0

0

0

0

0

Queen Creek Irrigation District
0
0

0

0

0

0

0

0

0

0

Rancho Solano Improvement District
0
0

0

0

0

0

0

0

0

0

Rancho-Grande & Landerwood IWDD #24
0
0

0

0

0

0

0

0

0

0

Ranchos Jardines IWDD #34
0

0

0

0

0

0

0

0

0

0

Rio Verde Fire District
0

0

0

0

0

0

0

0

0

0

Roosevelt Irrigation District
0

0

0

0

0

0

0

0

0

0

Roosevelt Water Conservation District
0
0

0

0

0

0

0

0

0

0

Rose Lane IWDD #28
0

0

0

0

0

0

0

0

0

0

San Tan Irrigation District
0

0

0

0

0

0

0

0

0

0

94

TABLE 26
SPECIAL DISTRICT FY 2016 DEBT IN MARICOPA COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

Scottsdale Mountain CFD
GO
1
5,375,000
Totals for Scottsdale Mountain CFD
1
5,375,000

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

1,055,000

0

440,000

0

0

615,000

48,250

2,092,843

1,055,000

0

440,000

0

0

615,000

48,250

2,092,843

0

120,000

0

0

3,210,000

197,003

1,830,111

0

120,000

0

0

3,210,000

197,003

1,830,111

Spectrum Irrigation Water Delivery District #48
0
0
0

0

0

0

0

0

0

0

St. Johns Irrigation District
0

0

0

0

0

0

0

0

0

0

Summer Mesa IWDD #50
0

0

0

0

0

0

0

0

0

0

Sun City Fire District
0

0

0

0

0

0

0

0

0

0

0

351,211

0

0

5,138,155

161,440

473,877

0

351,211

0

0

5,138,155

161,440

473,877

Scottsdale Waterfront Commercial CFD
GO
1
3,805,000
3,330,000
Totals for Scottsdale Waterfront Commercial CFD
1
3,805,000
3,330,000

Sun City West Fire District
L/3P
1
6,202,391
5,489,367
Totals for Sun City West Fire District
1
6,202,391
5,489,367
Sun Lakes Fire District
0

0

0

0

0

0

0

0

0

0

Sun View Estates I IWDD #55
0

0

0

0

0

0

0

0

0

0

Sun View Estates II IWDD #54
0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0
0

785,000
711,000

0
0

5,175,000
0

20,485,000
3,350,000

893,775
281,998

5,626,679
10,927,778

0

1,496,000

0

5,175,000

23,835,000

1,175,773

16,554,457

0

0

0

0

0

0

0

0

254,000

0

0

6,769,000

410,349

3,583,551

0

254,000

0

0

6,769,000

410,349

3,583,551

Sunburst Farms Irrigation District
0
0

Sundance Community Facilities District
GO
5
34,120,000
21,270,000
SA
3
20,525,000
4,061,000
Totals for Sundance Community Facilities District
8
54,645,000
25,331,000
Tanner Groves IWDD #37
0

0

0

Tartesso West Community Facilities District
GO
2
8,860,000
7,023,000
Totals for Tartesso West Community Facilities District
2
8,860,000
7,023,000

95

TABLE 26
SPECIAL DISTRICT FY 2016 DEBT IN MARICOPA COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

Tatum Ranch Community Facilities District
GO
1
7,705,000
605,000
Totals for Tatum Ranch Community Facilities District
1
7,705,000
605,000

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

0

605,000

0

0

0

30,250

4,004,919

0

605,000

0

0

0

30,250

4,004,919

Thoroughbred Farms IWDD #43
0

0

0

0

0

0

0

0

0

0

Tonopah Irrigation District
0

0

0

0

0

0

0

0

0

0

0

17,780

0

0

233,393

15,605

217,574

0

17,780

0

0

233,393

15,605

217,574

214,302

0

50,000

0

0

164,302

4,326

53,539

214,302

0

50,000

0

0

164,302

4,326

53,539

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

14,515,000

23,585,000

23,585,000

167,455,000

8,675,521

43,104,783

14,515,000

23,585,000

23,585,000

167,455,000

8,675,521

43,104,783

0

1,935,000

0

20,400,000

37,110,000

2,062,665

25,566,663

0

1,935,000

0

20,400,000

37,110,000

2,062,665

25,566,663

0

600,000

0

0

9,200,000

42,858

2,450,271

0

600,000

0

0

9,200,000

42,858

2,450,271

0

175,000

0

0

1,355,000

39,780

175,370

0

175,000

0

0

1,355,000

39,780

175,370

0

270,000

0

0

3,160,000

99,470

331,531

0

270,000

0

0

3,160,000

99,470

331,531

Tonopah Valley Fire District
L/3P
1
396,998
251,173
Totals for Tonopah Valley Fire District
1
396,998
251,173
Tonto Hills Domestic WID
SA
1
497,000
Totals for Tonto Hills Domestic WID
1
497,000
Tres Palmas IWDD #6
0

0

Turney Tract Irrigation Water Delivery District #15
0
0
0

Valley Metro Regional Public Transportation
REV
4
237,770,000
182,860,000
22,695,000
Totals for Valley Metro Regional Public Transportation
4
237,770,000
182,860,000
22,695,000
Verrado Community Facilities District
GO
4
69,000,000
39,045,000
Totals for Verrado Community Facilities District
4
69,000,000
39,045,000
Verrado Western Overlay CFD
GO
1
13,000,000
9,800,000
Totals for Verrado Western Overlay CFD
1
13,000,000
9,800,000
Via Linda Road Community Facilities District
GO
1
2,000,000
1,530,000
Totals for Via Linda Road Community Facilities District
1
2,000,000
1,530,000
Village at Litchfield Park CFD
SA
1
3,940,000
3,430,000
Totals for Village at Litchfield Park CFD
1
3,940,000
3,430,000

96

TABLE 26
SPECIAL DISTRICT FY 2016 DEBT IN MARICOPA COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

Vistancia Community Facilities District
GO
4
104,545,000
48,330,000
36,985,000
Totals for Vistancia Community Facilities District
4
104,545,000
48,330,000
36,985,000
Watson Road Community Facilities District
SA
1
49,000,000
33,094,000
Totals for Watson Road Community Facilities District
1
49,000,000
33,094,000
Western Meadows Irrigation District
0
0

0

Westpark Community Facilities District
GO
3
7,590,000
6,025,000
SA
1
3,800,000
1,670,000
Totals for Westpark Community Facilities District
4
11,390,000
7,695,000

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

2,920,000

45,410,000

45,410,000

36,985,000

1,930,397

34,623,626

2,920,000

45,410,000

45,410,000

36,985,000

1,930,397

34,623,626

0

2,752,000

0

0

30,342,000

1,947,040

23,595,295

0

2,752,000

0

0

30,342,000

1,947,040

23,595,295

0

0

0

0

0

0

0

0
0

230,000
227,000

0
0

0
0

5,795,000
1,443,000

319,968
94,937

3,110,521
1,679,332

0

457,000

0

0

7,238,000

414,905

4,789,853

Whitcombs Roundup Ranchos IWDD #42
0
0

0

0

0

0

0

0

0

0

Wickenburg Rural Fire District
0
0

0

0

0

0

0

0

0

0

60,000

0

0

905,000

59,346

1,165,589

60,000

0

0

905,000

59,346

1,165,589

0

65,000

0

0

695,000

43,697

1,187,321

0

65,000

0

0

695,000

43,697

1,187,321

0

0

0

0

0

0

0

0

234,843

0

33,459

0

0

198,945

10,541

60,214

234,843

0

33,459

0

0

198,945

10,541

60,214

Woodlea Irrigation Water Delivery District #2
0
0
0

0

0

0

0

0

0

0

Woolsey Flood Protection District
0
0

0

0

0

0

0

0

0

Wildflower Ranch Community Facilities District No. 2
GO
2
1,490,000
965,000
0
Totals for Wildflower Ranch Community Facilities District No. 2
2
1,490,000
965,000
0
Wildflower Ranch Community Facilities District
GO
2
1,400,000
760,000
Totals for Wildflower Ranch Community Facilities District
2
1,400,000
760,000
Windsor Square IWDD #27
0

0

Wittmann Fire District
L/3P
1
357,057
Totals for Wittmann Fire District
1
357,057

0

97

TABLE 26
SPECIAL DISTRICT FY 2016 DEBT IN MARICOPA COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

Totals for Maricopa County
GO
61
555,200,000
L/3P
20
29,322,545
REV
9
306,401,000
SA
29
134,400,929

271,038,000
19,895,787
236,280,869
77,205,697

179,735,000
1,695,000
22,695,000
2,518,000

17,039,000
2,742,380
18,710,250
5,949,819

66,960,000
0
23,585,000
0

92,535,000
0
23,585,000
0

369,444,000
19,216,071
215,760,958
73,773,878

13,431,270
566,772
10,037,500
4,506,101

128,084,535
3,760,846
54,361,959
60,315,474

Grand Totals

604,420,354

206,643,000

44,441,449

90,545,000

116,120,000

678,194,906

28,541,644

246,522,815

119

1,025,324,474

98

TABLE 27
SPECIAL DISTRICT FY 2016 DEBT IN MOHAVE COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

Beaver Dam/Littlefield Fire District
L/3P
1
300,815
300,815
Totals for Beaver Dam/Littlefield Fire District
1
300,815
300,815

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

0

19,758

0

0

277,137

3,919

3,919

0

19,758

0

0

277,137

3,919

3,919

0

130,562

0

0

588,471

15,197

28,783

0

130,562

0

0

588,471

15,197

28,783

0

0

0

0

0

0

0

0

3,147,543

0

0

16,944,185

500,930

11,112,933

0

3,147,543

0

0

16,944,185

500,930

11,112,933

12,000

0

0

44,000

4,770

27,851

12,000

0

0

44,000

4,770

27,851

0

27,444

0

0

423,607

18,023

93,898

0

27,444

0

0

423,607

18,023

93,898

39,066

0

39,066

0

0

0

2,006

52,738

39,066

0

39,066

0

0

0

2,006

52,738

0

0

0

0

0

0

0

0

18,698

0

18,698

0

0

0

429

459

18,698

0

18,698

0

0

0

429

459

Desert Sky Domestic Water Improvement District
0
0
0

0

0

0

0

0

0

0

Fort Mojave Mesa Fire District
0
0

0

0

0

0

0

0

0

0

24,446

0

0

108,247

5,579

84,430

0

24,446

0

0

108,247

5,579

84,430

Bullhead City Fire District
L/3P
2
800,000
719,030
Totals for Bullhead City Fire District
2
800,000
719,030
Bullhead City Pest Abatement District
0
0

0

Bullhead City Sewer Improvement District.
SA
3
62,846,424
20,091,727
Totals for Bullhead City Sewer Improvement District.
3
62,846,424
20,091,727

Centennial Park Domestic Water Improvement District
SA
1
180,000
56,000
0
Totals for Centennial Park Domestic Water Improvement District
1
180,000
56,000
0
Chloride Domestic Water Improvement District
L/3P
1
506,000
451,052
Totals for Chloride Domestic Water Improvement District
1
506,000
451,052
Colorado City Fire District
L/3P
2
249,836
Totals for Colorado City Fire District
2
249,836
Crystal Beach Water Conservation
0
0
Desert Hills Fire District
L/3P
1
41,850
Totals for Desert Hills Fire District
1
41,850

0

Golden Shores Fire District
L/3P
2
378,587
132,693
Totals for Golden Shores Fire District
2
378,587
132,693

99

TABLE 27
SPECIAL DISTRICT FY 2016 DEBT IN MOHAVE COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

Golden Shores Water Conservation
0
0

0

0

0

0

0

0

0

0

Golden Valley Fire District
0

0

0

0

0

0

0

0

0

0

11,553

0

0

170,580

8,196

268,310

0

11,553

0

0

170,580

8,196

268,310

0

0

0

0

0

0

0

0

10,000

0

0

65,000

4,638

1,081,857

0

10,000

0

0

65,000

4,638

1,081,857

0

Havasu Heights Domestic Water
SA
1
529,700
182,133
Totals for Havasu Heights Domestic Water
1
529,700
182,133
Hospital District #1Mohave County
0
0
Lake Havasu Irrigation
SA
2
Totals for Lake Havasu
2

0

and Drainage District
6,920,000
75,000
Irrigation and Drainage District
6,920,000
75,000

Lake Mohave Ranchos Fire District
0
0

0

0

0

0

0

0

0

0

Moccasin Domestic Water District
0
0

0

0

0

0

0

0

0

0

0

194,747

0

0

2,324,756

78,716

519,614

0

194,747

0

0

2,324,756

78,716

519,614

0

0

0

0

0

0

0

0

Mohave Valley Irrigation & Drainage District
0
0
0

0

0

0

0

0

0

0

Mohave Water Conservation District
0
0

0

0

0

0

0

0

0

0

Northern Arizona Consolidated Fire District
0
0

0

0

0

0

0

0

0

0

84,165

0

5,703

0

0

79,907

4,629

4,374

84,165

0

5,703

0

0

79,907

4,629

4,374

0

0

0

0

0

0

0

0

Mohave County Airport Authority
L/3P
1
2,984,951
2,555,593
Totals for Mohave County Airport Authority
1
2,984,951
2,555,593
Mohave Valley Fire District
0

0

Oatman Fire District
L/3P
1
87,000
Totals for Oatman Fire District
1
87,000
Pine Lake Fire District
0

0

100

TABLE 27
SPECIAL DISTRICT FY 2016 DEBT IN MOHAVE COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT
Pinion Pine Fire District
0

OUTSTANDING
PRINCIPAL
6/30/2015

0

NEW DEBT OR
CONTRACTS

0

SoHi Domestic Water District
REV
1
800,000
100,748
SA
1
645,000
140,517
Totals for SoHi Domestic Water District
2
1,445,000
241,265

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

0

0

0

0

0

0

0

0
0

5,889
15,000

0
0

650,523
0

95,329
125,517

1,213
4,082

8,692
17,904

0

20,889

0

650,523

220,846

5,295

26,596

Topock / Golden Shores Sanitary District
0
0

0

0

0

0

0

0

0

0

Yucca Fire District
0

0

0

0

0

0

0

0

0

0

Totals for Mohave County
L/3P
11
5,349,039
REV
1
800,000
SA
8
71,121,124

4,301,112
100,748
20,545,377

0
0
0

460,424
5,889
3,196,096

0
0
0

0
650,523
0

3,802,125
95,329
17,349,282

128,498
1,213
522,615

788,216
8,692
12,508,854

Grand Totals

24,947,237

0

3,662,409

0

650,523

21,246,735

652,326

13,305,762

20

77,270,164

101

TABLE 28
SPECIAL DISTRICT FY 2016 DEBT IN NAVAJO COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

Bucking Horse Improvement District
SA
1
524,000
245,000
Totals for Bucking Horse Improvement District
1
524,000
245,000

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

0

56,000

0

0

189,000

14,088

189,626

0

56,000

0

0

189,000

14,088

189,626

Clay Springs Domestic Water Improvement
0
0

0

0

0

0

0

0

0

0

Clay Springs-Pinedale Fire District
0
0

0

0

0

0

0

0

0

0

879,256

0

54,194

0

93,899

825,062

17,585

142,457

879,256

0

54,194

0

93,899

825,062

17,585

142,457

Fawnbrook Domestic WID
SA
1
1,190,910
Totals for Fawnbrook Domestic WID
1
1,190,910

Heber Domestic Water Improvement District
L/3P
1
258,508
109,369
Totals for Heber Domestic Water Improvement District
1
258,508
109,369

0

19,885

0

0

89,484

0

0

0

19,885

0

0

89,484

0

0

Heber-Overgaard Fire District
0

0

0

0

0

0

0

0

0

0

HeberOvergaard Sanitary District
0
0

0

0

0

0

0

0

0

0

0

31,934

0

0

134,411

8,733

57,764

0

31,934

0

0

134,411

8,733

57,764

380,921

0

263,814

0

0

356,542

4,238

26,235

380,921

0

263,814

0

0

356,542

4,238

26,235

57,554

0

29,587

0

0

27,967

2,033

64,127

57,554

0

29,587

0

0

27,967

2,033

64,127

0

0

0

0

0

0

0

0

Joseph City Street Light District
0
0

0

0

0

0

0

0

0

0

Madison Lane Circle Improvement
0
0

0

0

0

0

0

0

0

0

Hilltop Drive Improvement District
SA
1
295,000
166,345
Totals for Hilltop Drive Improvement District
1
295,000
166,345
Joseph City Domestic WID
L/3P
1
486,161
Totals for Joseph City Domestic WID
1
486,161
Joseph City Fire District
L/3P
1
250,000
Totals for Joseph City Fire District
1
250,000
Joseph City Sanitary District
0

0

102

TABLE 28
SPECIAL DISTRICT FY 2016 DEBT IN NAVAJO COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

McLaws Road Fire District
0

0

0

0

0

0

0

0

0

0

Misty Mountain Domestic WID
0

0

0

0

0

0

0

0

0

0

0

17,099

0

0

68,396

4,275

40,416

0

17,099

0

0

68,396

4,275

40,416

0

0

0

0

0

0

0

0

6,079

0

0

18,236

1,064

16,690

0

6,079

0

0

18,236

1,064

16,690

0

9,243

0

0

25,307

527

47,367

0

9,243

0

0

25,307

527

47,367

4,900,000

430,552

0

0

4,469,448

74,589

74,589

4,900,000

430,552

0

0

4,469,448

74,589

74,589

0

10,511

0

0

22,670

1,700

121,558

0

10,511

0

0

22,670

1,700

121,558

0

0

0

0

0

0

0

0

4,000

0

0

102,610

4,804

49,973

0

4,000

0

0

102,610

4,804

49,973

0

13,660

0

0

13,660

1,493

55,512

0

13,660

0

0

13,660

1,493

55,512

0

110,000

0

0

2,275,000

140,701

1,221,872

0

110,000

0

0

2,275,000

140,701

1,221,872

Mountain View Improvement District
SA
1
200,342
85,495
Totals for Mountain View Improvement District
1
200,342
85,495
Navapache Hospital District
0

0

0

North Whistle Stop Loop Improvement District
SA
1
85,280
24,315
Totals for North Whistle Stop Loop Improvement District
1
85,280
24,315
Pinedale Domestic Water Improvement District
L/3P
1
134,000
34,550
Totals for Pinedale Domestic Water Improvement District
1
134,000
34,550
Pinetop Volunteer Fire District
COP
2
10,180,000
4,350,000
Totals for Pinetop Volunteer Fire District
2
10,180,000
4,350,000
Pinetop-Lakeside Sanitary District
SA
1
169,539
33,181
Totals for Pinetop-Lakeside Sanitary District
1
169,539
33,181
Porter Creek Domestic WID
0

0

0

Porter Mountain Domestic WID
SA
1
186,008
106,610
Totals for Porter Mountain Domestic WID
1
186,008
106,610
Scott's Pine Tract A Improvement District
SA
1
184,124
27,321
Totals for Scott's Pine Tract A Improvement District
1
184,124
27,321
Show Low Bluff Community Facilities district
SA
3
2,944,000
2,385,000
Totals for Show Low Bluff Community Facilities district
3
2,944,000
2,385,000

103

TABLE 28
SPECIAL DISTRICT FY 2016 DEBT IN NAVAJO COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

Show Low Improvement District #5
0
0

NEW DEBT OR
CONTRACTS

0

Show Low Improvement District #6
SA
1
4,945,000
1,175,000
Totals for Show Low Improvement District #6
1
4,945,000
1,175,000
Show Low Improvement District #7
SA
1
600,000
214,000
Totals for Show Low Improvement District #7
1
600,000
214,000
Shumway Road Improvement District
SA
1
1,150,000
285,000
Totals for Shumway Road Improvement District
1
1,150,000
285,000

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

0

0

0

0

0

0

0

0

415,000

0

0

760,000

58,050

3,397,775

0

415,000

0

0

760,000

58,050

3,397,775

0

68,000

0

0

146,000

11,503

191,460

0

68,000

0

0

146,000

11,503

191,460

0

135,000

0

0

150,000

15,390

407,205

0

135,000

0

0

150,000

15,390

407,205

Sky-Hi Domestic WID
0

0

0

0

0

0

0

0

0

0

Sun Valley Fire District
0

0

0

0

0

0

0

0

0

0

0

16,306

0

0

0

665

64,515

0

16,306

0

0

0

665

64,515

2,061,168

202,682

1,237,047

1,237,047

3,652,303

118,221

788,011

2,061,168

202,682

1,237,047

1,237,047

3,652,303

118,221

788,011

0

13,090

0

0

20,539

1,103

1,829

0

13,090

0

0

20,539

1,103

1,829

Sutter Drive Improvement District
SA
1
245,750
16,306
Totals for Sutter Drive Improvement District
1
245,750
16,306
Timber Mesa Fire and Medical District
L/3P
6
6,155,991
3,030,863
Totals for Timber Mesa Fire and Medical District
6
6,155,991
3,030,863
Timberland Acres Domestic WID
SA
1
40,000
33,629
Totals for Timberland Acres Domestic WID
1
40,000
33,629
Timberland Acres Special Road District #1
0
0

0

0

0

0

0

0

0

0

White Mountain Lake Fire District
0
0

0

0

0

0

0

0

0

0

White Mountain Lake Special Road District #2
0
0
0

0

0

0

0

0

0

0

301,446

0

103,994

0

0

197,452

15,072

2,686,679

301,446

0

103,994

0

0

197,452

15,072

2,686,679

White Mountain Summer Home
SA
1
2,135,450
Totals for White Mountain Summer Home
1
2,135,450

104

TABLE 28
SPECIAL DISTRICT FY 2016 DEBT IN NAVAJO COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

Wonderland Acres Domestic WID
SA
1
180,952
58,827
Totals for Wonderland Acres Domestic WID
1
180,952
58,827

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

0

17,063

0

0

41,764

3,340

53,526

0

17,063

0

0

41,764

3,340

53,526

Woodruff Fire District
0

0

0

0

0

0

0

0

0

0

Woodruff Irrigation District
0

0

0

0

0

0

0

0

0

0

Totals for Navajo County
COP
2
10,180,000
L/3P
10
7,284,660
SA
18
15,076,355

4,350,000
3,613,257
6,036,733

4,900,000
2,061,168
0

430,552
525,211
1,071,931

0
1,237,047
0

0
1,237,047
93,899

4,469,448
4,151,602
4,964,802

74,589
125,019
299,565

74,589
925,741
8,698,857

13,999,990

6,961,168

2,027,694

1,237,047

1,330,947

13,585,852

499,173

9,699,187

Grand Totals

30

32,541,015

105

TABLE 29
SPECIAL DISTRICT FY 2016 DEBT IN PIMA COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

Ajo-Lukeville Health Services District
0
0
Arivaca Fire District
L/3P
3
217,305
Totals for Arivaca Fire District
3
217,305

NEW DEBT OR
CONTRACTS

Gladden Farms CFD
GO
4
9,430,000
Totals for Gladden Farms CFD
4
9,430,000

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

0

0

0

0

0

0

156,320

0

19,914

0

0

146,376

2,152

4,004

156,320

0

19,914

0

0

146,376

2,152

4,004

0
0

133,000
401,893

0
0

0
0

2,870,000
0

127,839
12,048

543,422
48,264

0

534,893

0

0

2,870,000

139,886

591,686

0

91,799

0

0

1,262,139

66,201

378,651

0

91,799

0

0

1,262,139

66,201

378,651

0

0

0

0

0

0

0

0

4,185,000

0

4,185,000

0

0

0

70,622

7,091,034

4,185,000

0

4,185,000

0

0

0

70,622

7,091,034

0

455,000

0

0

460,000

14,138

359,923

0

455,000

0

0

460,000

14,138

359,923

0

0

0

0

0

0

0

0

8,085,000

0

250,000

0

0

7,835,000

445,273

4,487,152

8,085,000

0

250,000

0

0

7,835,000

445,273

4,487,152

0
364,171

767,000
263,778

0
0

0
0

7,753,000
1,760,171

263,380
31,536

1,882,705
89,023

364,171

1,030,778

0

0

9,513,171

294,916

1,971,727

0

339,231

0

0

8,004,000

276,846

710,955

0

339,231

0

0

8,004,000

276,846

710,955

0
391,629

460,000
97,750

0
234,039

0
234,039

6,610,000
1,393,879

306,968
27,754

3,155,770
318,080

391,629

557,750

234,039

234,039

8,003,879

334,721

3,473,850

Drexel Heights Fire District
GO
2
2,350,000
915,000
Totals for Drexel Heights Fire District
2
2,350,000
915,000
Flowing Wells Irrigation District
0
0

AMOUNT
REFUNDED
TO DATE

0

Corona De Tucson Fire District
L/3P
1
1,706,037
1,353,938
Totals for Corona De Tucson Fire District
1
1,706,037
1,353,938

Dove Mountain Resort CFD
SA
1
11,905,000
Totals for Dove Mountain Resort CFD
1
11,905,000

AMOUNT
REFUNDED
FY 2016

0

Avra Valley Fire District
GO
2
3,535,000
3,003,000
L/3P
1
550,000
401,893
Totals for Avra Valley Fire District
3
4,085,000
3,404,893

Cortaro-Marana Irrigation District
0
0

PRINCIPAL
PAID FY 2016

Golder Ranch Fire District
GO
2
9,860,000
8,520,000
L/3P
2
2,261,776
1,659,778
Totals for Golder Ranch Fire District
4
12,121,776
10,179,778
Green Valley Domestic WID
REV
2
24,550,000
8,314,537
Totals for Green Valley Domestic WID
2
24,550,000
8,314,537
Green Valley Fire District
COP
1
10,000,000
7,070,000
L/3P
3
2,463,348
1,100,000
Totals for Green Valley Fire District
4
12,463,348
8,170,000

106

TABLE 29
SPECIAL DISTRICT FY 2016 DEBT IN PIMA COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT
Hidden Valley Fire District
0

OUTSTANDING
PRINCIPAL
6/30/2015

0

NEW DEBT OR
CONTRACTS

0

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

0

0

0

0

0

0

48,922

0

0

1,004,641

13,877

212,154

0

48,922

0

0

1,004,641

13,877

212,154

0
0

139,121
4,807,840

0
0

0
10,905,000

470,997
44,351,296

32,823
1,536,279

1,397,086
20,423,142

0

4,946,961

0

10,905,000

44,822,293

1,569,102

21,820,227

0

437,655

0

0

6,396,530

187,032

530,908

0

437,655

0

0

6,396,530

187,032

530,908

0

41,544

0

0

949,580

9,893

57,535

0

41,544

0

0

949,580

9,893

57,535

18,887

0

18,887

0

0

0

3,276

63,550

18,887

0

18,887

0

0

0

3,276

63,550

26,400,000

8,300,000

10,330,000

8,300,000

8,300,000

24,370,000

1,191,782

8,658,689

26,400,000

8,300,000

10,330,000

8,300,000

8,300,000

24,370,000

1,191,782

8,658,689

1,995,000
155,000

114,000
114,826

1,887,000
0

1,887,000
0

1,881,000
465,748

89,791
19,029

954,199
214,974

2,150,000

228,826

1,887,000

1,887,000

2,346,748

108,820

1,169,173

0

450,000

0

0

9,620,000

557,085

6,361,703

0

450,000

0

0

9,620,000

557,085

6,361,703

0

0

0

0

0

0

0

1,560,000

0

1,560,000

0

0

0

8,450

2,964,267

1,560,000

0

1,560,000

0

0

0

8,450

2,964,267

Mountain Vista Fire District
L/3P
2
7,642,402
6,834,185
Totals for Mountain Vista Fire District
2
7,642,402
6,834,185
Mt. Lemmon Domestic Water Improvement District
L/3P
1
1,099,189
991,124
Totals for Mt. Lemmon Domestic Water Improvement District
1
1,099,189
991,124

Picture Rocks Fire District
GO
2
4,480,000
1,887,000
L/3P
5
1,052,432
425,574
Totals for Picture Rocks Fire District
7
5,532,432
2,312,574

Quail Creek Community Facilities District
GO
1
12,660,000
10,070,000
Totals for Quail Creek Community Facilities District
1
12,660,000
10,070,000
Rancho Sahuarita Community Facilities District
0
0
0
Red Hawk Canyon CFD
SA
1
6,730,000
Totals for Red Hawk Canyon CFD
1
6,730,000

AMOUNT
REFUNDED
TO DATE

0

Metropolitan Domestic WID
L/3P
1
2,500,000
610,118
REV
9
89,403,446
49,154,271
Totals for Metropolitan Domestic WID
10
91,903,446
49,764,389

Northwest Fire District
GO
4
40,935,000
Totals for Northwest Fire District
4
40,935,000

AMOUNT
REFUNDED
FY 2016

0

Marana Domestic Water Improvement District
L/3P
2
1,553,112
1,019,451
Totals for Marana Domestic Water Improvement District
2
1,553,112
1,019,451

Mt. Lemmon Fire District
L/3P
1
221,630
Totals for Mt. Lemmon Fire District
1
221,630

PRINCIPAL
PAID FY 2016

107

TABLE 29
SPECIAL DISTRICT FY 2016 DEBT IN PIMA COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

Regional Transportation Authority of Pima County
GO
2
266,575,000
229,465,000
0
Totals for Regional Transportation Authority of Pima County
2
266,575,000
229,465,000
0
Rincon Valley Fire District
GO
2
6,715,000
4,565,000
Totals for Rincon Valley Fire District
2
6,715,000
4,565,000

0

Tanque Verde Valley Fire District
0
0

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

16,310,000

0

0

213,155,000

11,274,578

40,811,343

16,310,000

0

0

213,155,000

11,274,578

40,811,343

0

370,000

0

0

4,195,000

209,856

1,833,750

0

370,000

0

0

4,195,000

209,856

1,833,750

810,000
4,020,000

0
63,415,000

0
63,415,000

10,205,000
69,185,000

454,295
2,049,967

3,096,542
27,769,824

4,830,000

63,415,000

63,415,000

79,390,000

2,504,262

30,866,366

Rio Nuevo Multipurpose Facilities District
COP
1
12,560,000
11,015,000
0
REV
2
149,185,000
67,435,000
69,185,000
Totals for Rio Nuevo Multipurpose Facilities District
3
161,745,000
78,450,000
69,185,000
Sabino Vista Fire District
0

AMOUNT
REFUNDED
FY 2016

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0
0

290,025
25,989

0
0

0
0

844,975
83,167

20,025
3,561

292,818
7,268

0

316,014

0

0

928,142

23,586

300,086

0

2,710,000

0

0

50,635,000

2,688,815

37,607,153

0

2,710,000

0

0

50,635,000

2,688,815

37,607,153

Three Canyons Domestic Water Improvement District
0
0
0
Three Points Fire District
GO
1
2,370,000
1,135,000
L/3P
1
135,000
109,157
Totals for Three Points Fire District
2
2,505,000
1,244,157
Tucson Airport Authority
REV
2
73,690,000
53,345,000
Totals for Tucson Airport Authority
2
73,690,000
53,345,000
Tucson Country Club Estates Fire District
0
0

0

0

0

0

0

0

0

0

Why Fire District
0

0

0

0

0

0

0

0

0

0

Totals for Pima County
COP
2
22,560,000
GO
22
358,910,000
L/3P
23
21,402,231
REV
15
336,828,446
SA
2
18,635,000

18,085,000
294,045,000
14,680,424
178,248,809
5,745,000

0
10,295,000
910,800
69,185,000
0

1,270,000
29,469,025
1,702,078
11,877,071
5,745,000

0
10,187,000
234,039
63,415,000
0

0
10,187,000
234,039
74,320,000
0

16,815,000
272,983,975
13,933,228
172,175,297
0

761,263
14,193,746
409,180
6,551,907
79,072

6,252,312
66,185,702
3,321,495
86,511,073
10,055,300

Grand Totals

510,804,232

80,390,800

50,063,173

73,836,039

84,741,039

475,907,500

21,995,167

172,325,883

64

758,335,678

108

TABLE 30
SPECIAL DISTRICT FY 2016 DEBT IN PINAL COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

Antelope Peak Domestic WID
L/3P
1
319,000
Totals for Antelope Peak Domestic WID
1
319,000

NEW DEBT OR
CONTRACTS

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

311,489

0

5,619

0

0

305,871

6,909

0

311,489

0

5,619

0

0

305,871

6,909

0

4,196,214

845,864

0

0

10,772,827

120,614

1,437,412

4,196,214

845,864

0

0

10,772,827

120,614

1,437,412

0
0

65,000
124,761

0
0

0
0

850,000
820,391

40,588
51,879

489,741
709,773

0

189,761

0

0

1,670,391

92,467

1,199,514

0

519,956

0

0

2,899,551

125,154

2,849,784

0

519,956

0

0

2,899,551

125,154

2,849,784

165,664

51,864

0

0

337,218

4,200

4,200

165,664

51,864

0

0

337,218

4,200

4,200

Apache Junction Water CFD
L/3P
3
14,178,521
7,422,477
Totals for Apache Junction Water CFD
3
14,178,521
7,422,477
Arizona City Fire District
GO
1
1,325,000
915,000
L/3P
2
1,762,251
945,152
Totals for Arizona City Fire District
3
3,087,251
1,860,152
Arizona City Sanitary District
L/3P
1
8,202,032
3,419,507
Totals for Arizona City Sanitary District
1
8,202,032
3,419,507
Central AZ Irrigation & Drainage
L/3P
2
412,014
246,350
Totals for Central AZ Irrigation & Drainage
2
412,014
246,350
Cottonwood Gardens SLID
0

PRINCIPAL
PAID FY 2016

0

0

0

0

0

0

0

0

0

Desert Vista Sanitary District
0
0

0

0

0

0

0

0

0

0

Desert Vista Unit 6 SLID
0

0

0

0

0

0

0

0

0

0

630,000

0

0

17,005,000

743,559

7,020,919

0

630,000

0

0

17,005,000

743,559

7,020,919

0

3,200,000

0

0

128,085,000

6,241,830

28,058,617

0

3,200,000

0

0

128,085,000

6,241,830

28,058,617

0

780,000

0

0

17,105,000

703,332

703,332

0

780,000

0

0

17,105,000

703,332

703,332

0

0

0

0

0

0

0

0

Electrical District #2 of Pinal County
REV
1
20,915,000
17,635,000
Totals for Electrical District #2 of Pinal County
1
20,915,000
17,635,000
Electrical District #3 of Pinal County
REV
2
136,235,000
131,285,000
Totals for Electrical District #3 of Pinal County
2
136,235,000
131,285,000
Electrical District #4 of Pinal County
REV
1
17,885,000
17,885,000
Totals for Electrical District #4 of Pinal County
1
17,885,000
17,885,000
Electrical District #5 of Pinal County
0
0

0

109

TABLE 30
SPECIAL DISTRICT FY 2016 DEBT IN PINAL COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT
Electrical District #6
0

OUTSTANDING
PRINCIPAL
6/30/2015

0

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

0

0

0

0

0

0

0

0

1,006,362

0

185,972

0

0

820,390

34,154

34,154

1,006,362

0

185,972

0

0

820,390

34,154

34,154

Florence Flood Control District
0
0

0

0

0

0

0

0

0

0

Green Reservoir Flood Control District
0
0

0

0

0

0

0

0

0

0

HoHoKam Irrigation & Drainage District
0
0

0

0

0

0

0

0

0

0

Mammoth Fire District
0

0

0

0

0

0

0

0

0

0
0

12,843
6,800

0
0

0
0

205,644
217,300

6,118
10,085

49,534
247,478

0

19,643

0

0

422,944

16,203

297,012

1,535,000

0

230,000

0

0

1,305,000

73,850

1,078,787

1,535,000

0

230,000

0

0

1,305,000

73,850

1,078,787

0

0

0

0

0

0

0

0

0

32,913

0

331,429

302,304

2,954

23,454

0

32,913

0

331,429

302,304

2,954

23,454

566,433

0

0

0

38,702

380,890

566,433

0

0

0

38,702

380,890

Eloy Fire District
L/3P
1
1,006,362
Totals for Eloy Fire District
1
1,006,362

0

Maricopa Domestic Water Improvement District
REV
1
278,529
218,487
SA
1
313,900
224,100
Totals for Maricopa Domestic Water Improvement District
2
592,429
442,587
Maricopa Fire District
GO
1
3,200,000
Totals for Maricopa Fire District
1
3,200,000
Maricopa Flood Control District
0
0

Maricopa Mountain Domestic WID
REV
1
724,110
318,250
Totals for Maricopa Mountain Domestic WID
1
724,110
318,250

Maricopa-Stanfield Irrigation & Drainage District
REV
1
1,500,000
566,433
0
Totals for Maricopa-Stanfield Irrigation & Drainage District
1
1,500,000
566,433
0
Merrill Ranch CFD#1
GO
2
6,240,000
SA
4
3,297,000
Totals for Merrill Ranch CFD#1
6
9,537,000

5,640,000
2,082,890

0
0

125,000
302,600

0
0

0
0

5,490,000
1,780,290

437,365
179,467

2,470,991
1,696,720

7,722,890

0

427,600

0

0

7,270,290

616,832

4,167,711

110

TABLE 30
SPECIAL DISTRICT FY 2016 DEBT IN PINAL COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

Merrill Ranch CFD#2
GO
2
5,560,000
SA
4
3,587,500
Totals for Merrill Ranch CFD#2
6
9,147,500
Midway Flood Control District
0

NEW DEBT OR
CONTRACTS

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

2,000,000
0

165,000
397,010

0
0

0
0

2,735,000
1,996,950

241,821
214,452

936,869
2,008,063

5,293,960

2,000,000

562,010

0

0

4,731,950

456,273

2,944,932

0

0

0

0

0

0

0

0

0

655,000

0

0

435,000

34,068

716,412

0

655,000

0

0

435,000

34,068

716,412

0

0

0

0

0

0

0

0

4,497

0

0

138,669

6,309

76,580

0

4,497

0

0

138,669

6,309

76,580

0

0

0

0

0

0

0

0

35,343

0

0

78,606

6,531

68,629

0

35,343

0

0

78,606

6,531

68,629

0

17,543

0

0

1,195,962

54,150

508,071

0

17,543

0

0

1,195,962

54,150

508,071

0

2,900,000
2,393,960

Mission Royale Community Facilities District
SA
1
1,335,000
1,090,000
Totals for Mission Royale Community Facilities District
1
1,335,000
1,090,000
New Magma Irrigation & Drainage
0
0

0

New Saddleback Vista Domestic WID
REV
1
172,405
143,166
Totals for New Saddleback Vista Domestic WID
1
172,405
143,166
Oracle Sanitary District
0

PRINCIPAL
PAID FY 2016

0

0

Oracle Volunteer Fire District
L/3P
1
340,000
150,822
Totals for Oracle Volunteer Fire District
1
340,000
150,822
Papago Butte Domestic WID
REV
1
1,337,325
1,213,505
Totals for Papago Butte Domestic WID
1
1,337,325
1,213,505
Papago Butte Irrigation WDD #4
0
0

0

0

0

0

0

0

0

0

Pinal County Flood Control District
0
0

0

0

0

0

0

0

0

0

Pinal County Health Services District
0
0

0

0

0

0

0

0

0

0

Pinal County Library District
0

0

0

0

0

0

0

0

0

38,258

0

20,336

0

0

19,905

1,983

202,293

38,258

0

20,336

0

0

19,905

1,983

202,293

0

Queen Creek DWID
SA
1
394,960
Totals for Queen Creek DWID
1
394,960

111

TABLE 30
SPECIAL DISTRICT FY 2016 DEBT IN PINAL COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

Queen Valley Domestic WID
0

0

0

0

0

0

0

0

0

0

Queen Valley Fire District
0

0

0

0

0

0

0

0

0

0

Queen Valley Sanitary District
0
0

0

0

0

0

0

0

0

0

San Carlos Irrigation & Drainage
0
0

0

0

0

0

0

0

0

0

San Manuel Fire District
0

0

0

0

0

0

0

0

0

214,393

0

35,603

0

0

178,790

9,663

154,946

214,393

0

35,603

0

0

178,790

9,663

154,946

0

8,754

0

0

652,412

27,093

164,118

0

8,754

0

0

652,412

27,093

164,118

0

Seven Ranches Domestic WID
REV
1
251,000
Totals for Seven Ranches Domestic WID
1
251,000

Silverbell Irrigation District
REV
1
700,000
661,166
Totals for Silverbell Irrigation District
1
700,000
661,166
Stanfield Flood Control District
0
0

0

0

0

0

0

0

0

0

Stanfield Volunteer Fire District
0
0

0

0

0

0

0

0

0

0

0
716,047

425,000
27,996

0
0

0
0

6,265,000
2,432,404

329,079
59,585

3,534,793
59,585

716,047

452,996

0

0

8,697,404

388,664

3,594,378

0

0

21,359,000

854,437

2,976,059

0

0

21,359,000

854,437

2,976,059

Superstition Fire & Medical District
GO
1
9,500,000
6,690,000
L/3P
3
2,615,613
1,899,566
Totals for Superstition Fire & Medical District
4
12,115,613
8,589,566

Superstition Mountains Community Facilities District #1
REV
1
26,182,000
22,890,000
0
1,531,000
Totals for Superstition Mountains Community Facilities District #1
1
26,182,000
22,890,000
0
1,531,000
Thunderbird Farms IWDD #3
0

0

0

Thunderbird Farms Improvement District
REV
1
2,850,000
2,839,513
Totals for Thunderbird Farms Improvement District
1
2,850,000
2,839,513

0

0

0

0

0

0

0

0

57,532

0

0

2,781,981

71,744

137,018

0

57,532

0

0

2,781,981

71,744

137,018

112

TABLE 30
SPECIAL DISTRICT FY 2016 DEBT IN PINAL COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

Thunderbird Fire District
0

0

0

0

0

0

0

0

0

0

Thunderbird IWDD #1
0

0

0

0

0

0

0

0

0

0

Thunderbird IWDD #2
0

0

0

0

0

0

0

0

0

0

0
0

4,077
7,466

0
0

0
0

44,783
416,518

2,350
11,566

3,389
52,576

0

11,543

0

0

461,301

13,916

55,965

0

0

0

0

0

0

0

0

70,000

0

0

2,760,000

171,065

1,155,821

0

70,000

0

0

2,760,000

171,065

1,155,821

Valle Escondido Domestic WID
L/3P
1
50,500
48,860
REV
1
448,000
423,984
Totals for Valle Escondido Domestic WID
2
498,500
472,844
Villa Grande Improvement District
0
0

0

Villago Community Facilities District
SA
3
3,405,000
2,830,000
Totals for Villago Community Facilities District
3
3,405,000
2,830,000
Totals for Pinal County
GO
7
25,825,000
L/3P
15
28,886,293
REV
14
209,478,369
SA
14
12,333,360

17,680,000
15,450,586
196,293,896
8,659,208

2,000,000
5,077,925
0
0

1,010,000
1,801,452
6,884,585
1,451,746

0
0
0
0

0
0
331,429
0

16,645,000
18,512,040
189,426,279
7,209,445

1,122,702
411,378
8,771,457
611,120

8,511,180
5,166,927
40,306,115
6,026,787

Grand Totals

238,083,690

7,077,925

11,147,783

0

331,429

231,792,765

10,916,656

60,011,009

50

276,523,022

113

TABLE 31
SPECIAL DISTRICT FY 2016 DEBT IN SANTA CRUZ COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

Nogales Suburban Fire District
L/3P
3
393,354
228,986
Totals for Nogales Suburban Fire District
3
393,354
228,986

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

0

35,318

0

0

193,667

10,592

115,622

0

35,318

0

0

193,667

10,592

115,622

4,825,000
242,175

0
0

155,000
58,154

0
0

0
0

4,670,000
184,020

260,106
5,612

1,942,268
365,540

5,067,175

0

213,154

0

0

4,854,020

265,718

2,307,807

0
0

17,039
1,540,000

0
0

0
0

0
33,645,000

70
1,707,306

40,257
15,034,801

0

1,557,039

0

0

33,645,000

1,707,376

15,075,058

0

0

0

0

0

0

0

0

5,015,000
126,271

0
0

285,000
83,556

0
0

0
0

2,065,000
42,714

130,491
3,145

1,832,232
32,871

5,141,271

0

368,556

0

0

2,107,714

133,636

1,865,102

Totals for Santa Cruz County
GO
3
12,325,000
L/3P
6
2,236,241
REV
1
44,590,000

9,840,000
614,470
35,185,000

0
0
0

440,000
194,067
1,540,000

0
0
0

0
0
0

6,735,000
420,402
33,645,000

390,597
19,419
1,707,306

3,774,499
554,290
15,034,801

Grand Totals

45,639,470

0

2,174,067

0

0

40,800,402

2,117,321

19,363,590

Rio Rico Fire District
GO
2
5,530,000
L/3P
1
969,887
Totals for Rio Rico Fire District
3
6,499,887

Santa Cruz County Jail District
L/3P
1
473,000
17,039
REV
1
44,590,000
35,185,000
Totals for Santa Cruz County Jail District
2
45,063,000
35,202,039
Sonoita Elgin Fire District
0

0

Tubac Fire District
GO
1
6,795,000
L/3P
1
400,000
Totals for Tubac Fire District
2
7,195,000

10

59,151,241

114

TABLE 32
SPECIAL DISTRICT FY 2016 DEBT IN YAVAPAI COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT
American Ranch Domestic WID
0

OUTSTANDING
PRINCIPAL
6/30/2015

0

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

0

0

0

0

0

0

0

0

12,731

0

8,422

0

0

4,309

330

3,190

12,731

0

8,422

0

0

4,309

330

3,190

0

0

0

0

0

0

0

0

1,376,991

217,832

0

0

4,871,093

109,502

128,551

1,376,991

217,832

0

0

4,871,093

109,502

128,551

0

0

0

0

0

0

0

765,400

0

19,810

0

0

745,590

31,371

226,294

765,400

0

19,810

0

0

745,590

31,371

226,294

Bryce Canyon Drive Domestic WWID
0
0

0

0

0

0

0

0

0

0

Calvary Chapel Domestic WWID
0

0

0

0

0

0

0

0

0

859,428

0

237,008

0

0

622,421

28,089

89,400

859,428

0

237,008

0

0

622,421

28,089

89,400

0

523,134

0

0

7,499,631

286,811

2,550,908

0

523,134

0

0

7,499,631

286,811

2,550,908

0

915,000

0

5,400,000

10,855,000

419,159

6,434,081

0

915,000

0

5,400,000

10,855,000

419,159

6,434,081

0

0

0

0

0

0

0

1,500,000

270,000

2,895,000

2,895,000

2,070,000

108,388

1,942,011

1,500,000

270,000

2,895,000

2,895,000

2,070,000

108,388

1,942,011

Ash Fork Fire District
L/3P
1
40,250
Totals for Ash Fork Fire District
1
40,250
Ash Fork Sanitary District
0

0

Big Park Domestic Wastewater ID
L/3P
1
5,505,892
3,818,986
Totals for Big Park Domestic Wastewater ID
1
5,505,892
3,818,986
Black Canyon City Water Improvement District
0
0
0
Black Canyon Fire District
GO
1
861,000
Totals for Black Canyon Fire District
1
861,000

0

Camp Verde Fire District
L/3P
3
1,079,708
Totals for Camp Verde Fire District
3
1,079,708

Camp Verde Sanitary District
L/3P
4
12,602,000
8,022,764
Totals for Camp Verde Sanitary District
4
12,602,000
8,022,764
Central Yavapai Fire District
SA
3
23,150,000
11,770,000
Totals for Central Yavapai Fire District
3
23,150,000
11,770,000
Central Yavapai Hospital District
0
0

0

Chino Valley Fire District
SA
2
6,825,000
3,735,000
Totals for Chino Valley Fire District
2
6,825,000
3,735,000

115

TABLE 32
SPECIAL DISTRICT FY 2016 DEBT IN YAVAPAI COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

Chino Valley Irrigation District
0
0

0

0

0

0

0

0

0

0

Clarkdale Fire District
0

0

0

0

0

0

0

0

0

Congress Domestic Water Improvement District
0
0
0

0

0

0

0

0

0

0

Congress Fire District
0

0

0

0

0

0

0

0

0

560,000

0

80,000

0

0

480,000

33,280

1,034,667

560,000

0

80,000

0

0

480,000

33,280

1,034,667

0

0

Coyote Springs Road ID
SA
1
1,552,000
Totals for Coyote Springs Road ID
1
1,552,000
Creekside Sanitary District
0

0

0

0

0

0

0

0

0

0

Crown King Fire District
0

0

0

0

0

0

0

0

0

0

Diamond Valley Water District
0

0

0

0

0

0

0

0

0

0

540,000

0

130,000

70,000

705,000

385,000

34,438

1,393,689

540,000

0

130,000

70,000

705,000

385,000

34,438

1,393,689

0

0

0

0

0

0

0

0

0

510,000

0

0

1,670,000

157,851

8,332,492

0

510,000

0

0

1,670,000

157,851

8,332,492

0

0

0

0

0

0

0

0

30,208

0

0

587,762

10,525

49,904

0

30,208

0

0

587,762

10,525

49,904

141,923

0

11,019

0

142,310

131,338

624

8,600

141,923

0

11,019

0

142,310

131,338

624

8,600

Eastridge ESD
SA
1
2,500,000
Totals for Eastridge ESD
1
2,500,000
Groom Creek Fire District
0

0

Hassayampa Community Facilities District
SA
2
8,555,000
2,180,000
Totals for Hassayampa Community Facilities District
2
8,555,000
2,180,000
High Valley Ranch Domestic WID
0
0

0

Highland Pines Domestic WID
L/3P
2
1,239,369
618,970
Totals for Highland Pines Domestic WID
2
1,239,369
618,970
Holiday Hills Domestic WID
REV
2
384,996
Totals for Holiday Hills Domestic WID
2
384,996

116

TABLE 32
SPECIAL DISTRICT FY 2016 DEBT IN YAVAPAI COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT
I.C.R. Sanitary District
0

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

0

0

0

0

0

0

0

0

0

Iron Springs Sanitary District
0
0

0

0

0

0

0

0

0

0

Jackson Acres Domestic WID
0

0

0

0

0

0

0

0

0

0

Kings Ranch Unit 2 Domestic WWID
0
0

0

0

0

0

0

0

0

0

Mayer Domestic Water Improvement District
0
0

0

0

0

0

0

0

0

0

1,877,047

0

38,103

0

0

1,838,945

78,121

720,530

1,877,047

0

38,103

0

0

1,838,945

78,121

720,530

0

56,836

0

0

315,888

17,015

70,179

0

56,836

0

0

315,888

17,015

70,179

2,940,000

0

110,000

0

0

2,830,000

152,678

1,563,776

2,940,000

0

110,000

0

0

2,830,000

152,678

1,563,776

0

0

0

0

0

0

0

0

0

21,668

0

0

148,058

1,240

29,143

0

21,668

0

0

148,058

1,240

29,143

1,385,000

0

95,000

0

0

1,290,000

88,609

707,981

1,385,000

0

95,000

0

0

1,290,000

88,609

707,981

5,915,000

0

240,000

0

0

5,675,000

242,231

593,648

5,915,000

0

240,000

0

0

5,675,000

242,231

593,648

182,773

0

68,226

0

0

114,547

7,727

44,535

182,773

0

68,226

0

0

114,547

7,727

44,535

Mayer Fire District
L/3P
2
2,060,592
Totals for Mayer Fire District
2
2,060,592

Montezuma-Rimrock Fire District
L/3P
3
464,644
372,727
Totals for Montezuma-Rimrock Fire District
3
464,644
372,727
Parkway District 1 CFD
GO
1
3,425,000
Totals for Parkway District 1 CFD
1
3,425,000
Peeples Valley Fire District
0

0

Ponderosa Park Domestic Water Improvement
GO
1
400,000
169,657
Totals for Ponderosa Park Domestic Water Improvement
1
400,000
169,657
Poquito Valley Road ID
SA
1
1,857,000
Totals for Poquito Valley Road ID
1
1,857,000
Pronghorn CFD
GO
3
13,150,000
Totals for Pronghorn CFD
3
13,150,000
Quail Ridge Domestic WID
L/3P
1
256,300
Totals for Quail Ridge Domestic WID
1
256,300

117

TABLE 32
SPECIAL DISTRICT FY 2016 DEBT IN YAVAPAI COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

Quailwood CFD
GO
2
12,750,000
Totals for Quailwood CFD
2
12,750,000
Raven Ridge CFD
SA
1
925,446
Totals for Raven Ridge CFD
1
925,446

Seligman Fire District
0

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

195,000

0

6,080,000

5,450,000

233,689

422,348

5,645,000

0

195,000

0

6,080,000

5,450,000

233,689

422,348

180,149

0

20,248

106,775

592,427

53,126

4,642

127,857

180,149

0

20,248

106,775

592,427

53,126

4,642

127,857

0

0

0

0

0

0

0

0

1,909,481

570,197

323,702

0

0

2,155,976

54,372

185,412

1,909,481

570,197

323,702

0

0

2,155,976

54,372

185,412

0

0

0

0

0

0

0

0

0

10,719

0

0

38,612

1,263

23,204

0

10,719

0

0

38,612

1,263

23,204

2,070,000

0

63,000

124,000

744,000

1,883,000

143,459

1,334,351

2,070,000

0

63,000

124,000

744,000

1,883,000

143,459

1,334,351

8,210,000

0

375,000

0

12,955,000

7,835,000

320,900

11,381,752

8,210,000

0

375,000

0

12,955,000

7,835,000

320,900

11,381,752

Sheriffs Posse Community Road Improvement
L/3P
1
209,928
49,330
Totals for Sheriffs Posse Community Road Improvement
1
209,928
49,330

Stoneridge CFD
GO
2
23,340,000
Totals for Stoneridge CFD
2
23,340,000

AMOUNT
REFUNDED
FY 2016

0

0

Southside CFD
SA
1
3,025,000
Totals for Southside CFD
1
3,025,000

PRINCIPAL
PAID FY 2016

5,645,000

Retreat at Oak Creek Domestic WID
0
0
Sedona Fire District
L/3P
4
2,944,679
Totals for Sedona Fire District
4
2,944,679

NEW DEBT OR
CONTRACTS

Tapadero Domestic Wastewater Improvement
0
0

0

0

0

0

0

0

0

0

TiPeJi Domestic WID
0

0

0

0

0

0

0

0

0

0

Verde Valley Fire District
0

0

0

0

0

0

0

0

0

0

Williamson Valley Fire District
0
0

0

0

0

0

0

0

0

0

Yarnell Fire District
0

0

0

0

0

0

0

0

0

0

118

TABLE 32
SPECIAL DISTRICT FY 2016 DEBT IN YAVAPAI COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT
Yavapai Ranch Domestic WID
0

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

0

0

0

0

0

0

0

0

0

Totals for Yavapai County
GO
10
53,926,000
L/3P
22
26,403,362
REV
2
384,996
SA
12
48,389,446

23,645,057
17,724,238
141,923
22,420,149

0
1,947,188
0
1,500,000

961,478
1,514,189
11,019
2,083,248

0
0
0
3,195,775

19,035,000
0
142,310
10,336,427

22,683,648
18,049,184
131,338
18,686,126

982,109
593,755
624
989,826

14,216,961
3,865,812
8,600
21,307,129

Grand Totals

63,931,367

3,447,188

4,569,934

3,195,775

29,513,737

59,550,296

2,566,314

39,398,502

46

129,103,804

119

TABLE 33
SPECIAL DISTRICT FY 2016 DEBT IN YUMA COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

East San Luis CFD
SA
2
20,947,000
Totals for East San Luis CFD
2
20,947,000

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

12,223,000

0

2,447,000

0

4,213,117

9,776,000

3,779,144

7,916,803

12,223,000

0

2,447,000

0

4,213,117

9,776,000

3,779,144

7,916,803

0

11,239

0

0

76,061

2,884

128,724

0

11,239

0

0

76,061

2,884

128,724

0

14,102

0

0

186,689

8,884

169,533

0

14,102

0

0

186,689

8,884

169,533

El Prado Estates Improvement District
SA
2
398,285
87,300
Totals for El Prado Estates Improvement District
2
398,285
87,300
Gadsden Townsite Improvement District
SA
1
479,610
200,791
Totals for Gadsden Townsite Improvement District
1
479,610
200,791
Gila Valley AntiNoxious Weed District
0
0

0

0

0

0

0

0

0

0

Gila Valley Irrigation District
0
0

0

0

0

0

0

0

0

0

Hillander C Irrigation District
0
0

0

0

0

0

0

0

0

0

Hyder Valley Irrigation Water Delivery District #35
0
0
0

0

0

0

0

0

0

0

Links at Coyote Wash CFD
0

0

0

0

0

0

0

0

0

North Gila Valley Irrigation District
0
0

0

0

0

0

0

0

0

0

Unit B Irrigation District
0

0

0

0

0

0

0

0

0

WelltonMohawk AntiNoxious Weed District
0
0

0

0

0

0

0

0

0

0

WelltonMohawk Irrigation District
0
0

0

0

0

0

0

0

0

0

382,124

213,698

0

0

6,210,887

242,424

988,331

382,124

213,698

0

0

6,210,887

242,424

988,331

0

0

0

0

0

0

0

0

0

Yuma County Airport Authority
REV
3
9,366,543
5,991,421
Totals for Yuma County Airport Authority
3
9,366,543
5,991,421
Yuma County Citrus Pest Control
0
0

0

120

TABLE 33
SPECIAL DISTRICT FY 2016 DEBT IN YUMA COUNTY
SPECIAL DIST # OF
ORIGINAL
DEBT TYPE ISSUES OR PRINCIPAL
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

Yuma County Hospital District #1
0
0

NEW DEBT OR
CONTRACTS

0

Yuma County Improvement District #07-09
SA
2
3,437,915
2,925,537
Totals for Yuma County Improvement District #07-09
2
3,437,915
2,925,537
Yuma County Jail District
REV
1
8,000,000
5,264,996
Totals for Yuma County Jail District
1
8,000,000
5,264,996
Yuma County Library District
GO
4
91,215,000
40,465,000
Totals for Yuma County Library District
4
91,215,000
40,465,000

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

0

0

0

0

0

0

0

0

131,241

0

0

2,794,296

75,521

431,879

0

131,241

0

0

2,794,296

75,521

431,879

0

780,000

0

0

4,484,996

251,376

1,447,532

0

780,000

0

0

4,484,996

251,376

1,447,532

11,150,000

1,670,000

11,625,000

0

38,320,000

1,679,183

17,873,660

11,150,000

1,670,000

11,625,000

0

38,320,000

1,679,183

17,873,660

Yuma County Pest Abatement District
0
0

0

0

0

0

0

0

0

0

Yuma Irrigation District
0

0

0

0

0

0

0

0

0

0

Yuma Mesa Irrigation & Drainage
0
0

0

0

0

0

0

0

0

0

Totals for Yuma County
GO
4
91,215,000
REV
4
17,366,543
SA
7
25,262,810

40,465,000
11,256,417
15,436,628

11,150,000
382,124
0

1,670,000
993,698
2,603,582

11,625,000
0
0

0
0
4,213,117

38,320,000
10,695,883
12,833,046

1,679,183
493,800
3,866,433

17,873,660
2,435,863
8,646,939

Grand Totals

133,844,353

67,158,045

11,532,124

5,267,280

11,625,000

4,213,117

61,848,929

6,039,416

28,956,462

REPORT GRAND TOTALS
COP
4
32,740,000
GO
107 1,097,401,000
L/3P
181
157,908,660
REV
49
943,304,354
SA
98
339,855,306

22,435,000
656,713,057
96,265,306
657,680,662
163,753,796

4,900,000
203,180,000
18,896,997
119,517,124
4,018,000

1,700,552
50,589,503
11,569,281
40,025,511
23,140,806

0
88,772,000
1,471,086
87,000,000
3,195,775

0
121,757,000
1,471,086
99,029,262
14,643,443

21,284,448
726,811,623
101,340,872
649,355,084
141,482,198

835,852
31,799,607
2,982,968
28,473,570
11,215,726

6,326,901
238,646,537
23,084,920
199,689,948
132,116,755

2,571,209,320 1,596,847,820

350,512,121

127,025,653

180,438,861

236,900,792 1,640,274,224

75,307,722

599,865,061

Grand Totals

15

439

121

122

STATE AGENCIES AND UNIVERSITIES
As of June 30, 2016, state agencies and universities reported a total outstanding debt of $9.6
billion (outstanding bonds of $9.1 billion and outstanding leases of $0.5 billion), a 5% decrease
from the prior fiscal year. For FY 2015, state agencies and universities reported a total
outstanding debt of $10.1 billion (outstanding bonds of $9.5 billion and outstanding leases of $0.6
billion).
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 debt (by counting it here and in the section for the receiving
jurisdiction), the total debt of the state drops to $8.7 billion for FY 16 (outstanding bonds of $8.1
billion and outstanding leases of $0.6 billion.)
On July 1, 2011, the Water Infrastructure Finance Authority absorbed the Greater Arizona
Development Authority. However, the Water Infrastructure Finance Authority is maintaining the
Greater Arizona Development Authority debt under a separate program from the Water
Infrastructure Finance Authority so that debt is still reported by each authority. On August 6, 2016,
both entities were merged, along with the Arizona Housing Authority, and the Arizona Health
Facilities Authority, into the Arizona Finance Authority, the statewide Industrial Development
Authority. Current law exempts IDAs from having to submit debt reports to the Treasurer’s office
so it is possible that the debt of these entities, which totals $5.7 billion, may not appear in future
reports.
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, certificates of participation, lease purchases and third party financing
for funding purposes. The Greater Arizona Development Authority issues general obligation
bonds, supported by payments made by the local jurisdictions.
Detail of the outstanding debt of state agencies and universities can be found in Table 34. Four
types of outstanding debt have been reported as of June 30, 2016:

 $6.6 billion in revenue bonds reported by nine state agencies and universities;
 $2.5 billion in certificates of participation reported by six state agencies and universities.
 $456 million in lease purchase/third party financing reported by eight state agencies and


universities.
$39 million in general obligation debt reported by the Greater Arizona Development Authority

Lease purchases and third party financing for state agencies and universities represent debt
issued with a term in excess of one year. As of June 30, 2016, lease purchases totaled $456
million, a 23% decrease from the $590 million reported for FY 2015.
The following table lists debt for state agencies and universities ranked from most to least debt.

STATE AGENCY OR UNIVERSITY
Arizona State University
Arizona Department of Administration
University of Arizona
School Facilities Board

OUTSTANDING OUTSTANDING
BONDS
LEASES
$2,384,315,000
$37,745,660
$1,379,845,000
$110,323,492
$1,457,990,000
$4,662,019
$1,284,866,000
$17,134,288
$1,066,779,603
$0

123

TOTAL
OUTSTANDING
DEBT
$2,422,060,660
$1,490,168,492
$1,462,652,019
$1,302,000,288
$1,066,779,603

STATE AGENCY OR UNIVERSITY
Water Infrastructure Finance
Authority
Northern Arizona University
Greater Arizona Development
Authority
Arizona Department of Corrections
Arizona Housing Finance Authority
Arizona Game and Fish Department
Arizona Department of Public Safety
Arizona Department of Economic
Security
Total

OUTSTANDING
BONDS

OUTSTANDING
LEASES

TOTAL
OUTSTANDING
DEBT

$656,060,000

$0

$656,060,000

$591,405,000

$15,773,191

$607,178,191

$284,550,000

$0

$284,550,000

$0
$29,850,414
$15,525,000
$0

$268,226,955
$0
$0
$2,885,569

$268,226,955
$29,850,414
$15,525,000
$2,885,569

$0

$175,786

$175,786

$9,151,186,017

$456,926,960

$9,608,112,977

Please note that the outstanding balances listed in the report should reflect all debt as of June 30, 2016.
However, the year-end balances should reflect any July 1, 2016 payments if the payment amount has
been deposited into a dedicated fund for the payment of principal.
GENERAL OBLIGATION DEBT
The Greater Arizona Development Authority reported general obligation debt of $39 million.
REVENUE BONDS
Total outstanding debt from revenue bonds as of June 30, 2016 was $6.6 billion after retiring $452
million in the fiscal year.
CERTIFICATES OF PARTICIPATION
Six state agencies and universities reported certificates of participation with outstanding principal on
June 30, 2016 of $2.5 billion. A total of $240.9 million in principal was retired in the fiscal year.
NEW BONDS
During FY 2015/16, seven state agencies and universities issued new debt totaling $809 million;
of this $316 million was attributed to refunding. Detail of new bonds issued can be found in
Section Two and Table 41.
LEASE PURCHASES
Lease purchases and third party financing contracts represent debt issued with a term greater than one
year. As of June 30, 2016, eight state agencies and universities reported outstanding lease purchases
of $456.9 million.
INTEREST
State agencies and universities reported interest paid on long term debt during FY 2015/16 of $439.2
million on $9.6 billion of outstanding principal as of June 30, 2016 and $3.41 billion interest paid to date
on 312 debt issues with an original principal of $15.6 billion. These amounts include the interest paid by
the Greater Arizona Development Authority and the Water Infrastructure Finance Authority.
PER CAPITA AND PER STUDENT DEBT
One method of determining the level of debt in relation to other state agencies and universities is dividing
total outstanding debt by the total state population. High per capita debt is neither good nor bad; it is
simply a comparative tool to describe how a state agency and university compares to others. Using this
measure, Arizona Department of Transportation has the most per capita, as presented on the following
table.

124

STATE AGENCY OR UNIVERSITY
Arizona Department of Transportation
Arizona State University
Arizona Department of Administration
University of Arizona
School Facilities Board
Water Infrastructure Finance Authority
Northern Arizona University
Greater Arizona Development Authority
Arizona Department of Corrections
Arizona Housing Finance Authority
Arizona Game and Fish Department
Arizona Department of Public Safety
Arizona Department of Economic
Security

PER CAPITA
BOND DEBT
$353
$204
$216
$190
$158
$97
$88
$42
$0
$4
$2
$0

PER CAPITA
LEASE DEBT
$6
$16
$1
$3
$0
$0
$2
$0
$40
$0
$0
$0

PER CAPITA
TOTAL DEBT
$358
$221
$216
$193
$158
$97
$90
$42
$40
$4
$2
$0

$0

$0

$0

The population measure used to calculate per capita debt is the July 1, 2015 Department of
Administration’s estimates.
A second method of determining the level of debt in relation to each of the universities is dividing total
outstanding debt by the full-time student count. Using the per student measure, University of Arizona
has the most debt per student as seen on the following table.

UNIVERSITY
University of Arizona
Northern Arizona
University
Arizona State University

PER
STUDENT
BOND DEBT
$30,482

PER
PER
STUDENT
STUDENT
LEASE DEBT TOTAL DEBT
$406
$30,888

$21,733

$580

$22,313

$15,589

$1,246

$16,836

The full-time student count used to calculate the per student debt is the FY 2016 actual FTE reported
in the Arizona University System Funding reported by the Joint Legislative Budget Committee Staff.

125

126

TABLE 34

STATE AGENCY AND UNIVERSITY FY 2016 DEBT AND DEBT LIMITATIONS
JURISDICTION # OF
ORIGINAL
DEBT
ISSUES OR PRINCIPAL
TYPE
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

Arizona Automobile Theft Authority
0
0

NEW DEBT OR
CONTRACTS

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

0

0

0

0

0

0

0

Arizona Board for Private Postsecondary Education
0
0
0

0

0

0

0

0

0

0

Arizona Board of Athletic Training
0
0

0

0

0

0

0

0

0

0

Arizona Board of Behavioral Health Examiners
0
0

0

0

0

0

0

0

0

0

Arizona Board of Cosmetology
0

0

0

0

0

0

0

0

0

Arizona Board of Executive Clemency
0
0

0

0

0

0

0

0

0

0

Arizona Board of Fingerprinting
0
0

0

0

0

0

0

0

0

0

Arizona Board of Funeral Directors and Embalmers
0
0
0

0

0

0

0

0

0

0

Arizona Board of Occupational Therapy Examiners
0
0
0

0

0

0

0

0

0

0

Arizona Board of Podiatry Examiners
0
0

0

0

0

0

0

0

0

0

Arizona Board of Psychologist Examiners
0
0

0

0

0

0

0

0

0

0

Arizona Board of Regents
0

0

0

0

0

0

0

0

0

0

Arizona Board of Tax Appeals
0

0

0

0

0

0

0

0

0

0

Arizona Commerce Authority
0

0

0

0

0

0

0

0

0

0

Arizona Commission for Postsecondary Education
0
0
0

0

0

0

0

0

0

0

0

0

PRINCIPAL
PAID FY 2016

127

TABLE 34

STATE AGENCY AND UNIVERSITY FY 2016 DEBT AND DEBT LIMITATIONS
JURISDICTION # OF
ORIGINAL
DEBT
ISSUES OR PRINCIPAL
TYPE
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

Arizona Commission on Judicial Conduct
0
0

0

0

0

0

0

0

0

0

Arizona Commission on Uniform State Laws
0
0

0

0

0

0

0

0

0

0

Arizona Commission on the Arts
0
0

0

0

0

0

0

0

0

0

Arizona Corporation Commission
0
0

0

0

0

0

0

0

0

0

Arizona Cotton Research and Protection Council
0
0
0

0

0

0

0

0

0

0

Arizona Criminal Justice Commission
0
0

0

0

0

0

0

0

0

163,995,000
8,815
0

59,905,000
1,289,976
19,205,000

112,440,000
62,325,833
0

112,440,000
62,325,833
0

1,104,315,000
4,662,019
353,675,000

52,295,686
186,274
18,296,750

366,670,564
36,420,316
120,594,727

164,003,815

80,399,976

174,765,833

174,765,833

1,462,652,019

70,778,710

523,685,607

0

0

0

0

0

0

0

0

19,348,067

0

0

268,226,955

0

0

0

19,348,067

0

0

268,226,955

0

0

0

172,827

0

0

175,786

5,967

6,718

0

172,827

0

0

175,786

5,967

6,718

0

0

0

0

0

0

0

Arizona Department of Emergency & Military Affairs
0
0
0

0

0

0

0

0

0

0

Arizona Department of Environmental Quality
0
0

0

0

0

0

0

0

0

Arizona Department
COP
6
L/3P
3
REV
1
Totals for Arizona
10

0

of Administration
1,464,410,000 1,112,665,000
96,660,561
68,269,014
425,420,000
372,880,000
Department of Administration
1,986,490,561 1,553,814,014

Arizona Department of Agriculture
0
0

0

Arizona Department of Corrections
L/3P
5
360,609,980
287,575,022
Totals for Arizona Department of Corrections
5
360,609,980
287,575,022
Arizona Department of Economic Security
L/3P
2
526,656
348,613
Totals for Arizona Department of Economic Security
2
526,656
348,613
Arizona Department of Education
0
0

0

0

128

TABLE 34

STATE AGENCY AND UNIVERSITY FY 2016 DEBT AND DEBT LIMITATIONS
JURISDICTION # OF
ORIGINAL
DEBT
ISSUES OR PRINCIPAL
TYPE
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

Arizona Department of Financial Institutions
0
0

0

0

0

0

0

0

0

0

Arizona Department of Gaming
0

0

0

0

0

0

0

0

0

Arizona Department of Health Services
0
0

0

0

0

0

0

0

0

0

Arizona Department of Homeland Security
0
0

0

0

0

0

0

0

0

0

Arizona Department of Housing
0

0

0

0

0

0

0

0

0

0

Arizona Department of Insurance
0
0

0

0

0

0

0

0

0

0

Arizona Department of Juvenile Corrections
0
0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

3,579,464

693,895

0

0

2,885,569

53,338

53,338

3,579,464

693,895

0

0

2,885,569

53,338

53,338

0

0

0

0

0

0

0

0

Arizona Department of Real Estate
0
0

0

0

0

0

0

0

0

0

Arizona Department of Revenue
0

0

0

0

0

0

0

0

0

17,979,013
0

11,178,006
183,130,000

0
0

0
748,670,000

37,745,660
2,384,315,000

633,533
121,801,202

2,297,425
797,110,659

17,979,013

194,308,006

0

748,670,000

2,422,060,660

122,434,735

799,408,084

0

0

0

0

0

0

0

0

Arizona Department of Liquor Licenses and Control
0
0
0
Arizona Department of Public Safety
L/3P
1
3,579,464
0
Totals for Arizona Department of Public Safety
1
3,579,464
0
Arizona Department of Racing
0

Arizona Department
L/3P
61
REV
17
Totals for Arizona
78

0

0

of Transportation
69,110,797
30,944,653
3,905,345,000 2,599,185,000
Department of Transportation
3,974,455,797 2,630,129,653

Arizona Department of Veteran's Services
0
0

0

129

TABLE 34

STATE AGENCY AND UNIVERSITY FY 2016 DEBT AND DEBT LIMITATIONS
JURISDICTION # OF
ORIGINAL
DEBT
ISSUES OR PRINCIPAL
TYPE
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

Arizona Department of Water Resources
0
0

NEW DEBT OR
CONTRACTS

0

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

0

0

0

0

0

0

0

Arizona Early Childhood Development & Health Board
0
0
0

0

0

0

0

0

0

0

Arizona Exposition and State Fair
0
0

0

0

0

0

0

0

0

0

635,000

0

0

15,525,000

786,306

8,526,930

0

635,000

0

0

15,525,000

786,306

8,526,930

0

0

0

0

0

0

0

0

Arizona Health Care Cost Containment System
0
0

0

0

0

0

0

0

0

0

Arizona Historical Society
0

0

0

0

0

0

0

0

0

0

Arizona House of Representatives
0
0

0

0

0

0

0

0

0

0

0

14,855,615

0

0

29,850,414

0

0

0

14,855,615

0

0

29,850,414

0

0

0

Arizona Game and Fish Department
COP
1
20,410,000
16,160,000
Totals for Arizona Game and Fish Department
1
20,410,000
16,160,000
Arizona Geological Survey
0

0

Arizona Housing Finance Authority
REV
11
172,120,000
44,653,102
Totals for Arizona Housing Finance Authority
11
172,120,000
44,653,102
Arizona Medical Board
0

0

0

0

0

0

0

0

0

0

Arizona Office of Tourism
0

0

0

0

0

0

0

0

0

0

Arizona Pioneer's Home
0

0

0

0

0

0

0

0

0

0

Arizona Radiation Regulatory Agency
0
0

0

0

0

0

0

0

0

0

Arizona State Board for Charter Schools
0
0

0

0

0

0

0

0

0

0

130

TABLE 34

STATE AGENCY AND UNIVERSITY FY 2016 DEBT AND DEBT LIMITATIONS
JURISDICTION # OF
ORIGINAL
DEBT
ISSUES OR PRINCIPAL
TYPE
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

Arizona State Board of Accountancy
0
0

0

0

0

0

0

0

0

0

Arizona State Board of Acupuncture
0
0

0

0

0

0

0

0

0

0

Arizona State Board of Barbers
0
0

0

0

0

0

0

0

0

0

Arizona State Board of Chiropractic Examiners
0
0
0

0

0

0

0

0

0

0

Arizona State Board of Dental Examiners
0
0

0

0

0

0

0

0

0

0

Arizona State Board of Dispensing Opticians
0
0

0

0

0

0

0

0

0

0

Arizona State Board of Equalization
0
0

0

0

0

0

0

0

0

0

Arizona State Board of Geographic & Historic Names
0
0
0

0

0

0

0

0

0

0

Arizona State Board of Massage Therapy
0
0

0

0

0

0

0

0

0

0

Arizona State Board of Nursing
0
0

0

0

0

0

0

0

0

0

Arizona State Board of Optometry
0
0

0

0

0

0

0

0

0

0

Arizona State Board of Osteopathic Examiners
0
0

0

0

0

0

0

0

0

0

Arizona State Board of Pharmacy
0
0

0

0

0

0

0

0

0

0

Arizona State Board of Physical Therapy
0
0

0

0

0

0

0

0

0

0

131

TABLE 34

STATE AGENCY AND UNIVERSITY FY 2016 DEBT AND DEBT LIMITATIONS
JURISDICTION # OF
ORIGINAL
DEBT
ISSUES OR PRINCIPAL
TYPE
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

Arizona State Board of Technical Registration
0
0
0

0

0

0

0

0

0

0

Arizona State Forester
0

0

0

0

0

0

0

0

0

0

Arizona State Land Department
0

0

0

0

0

0

0

0

0

0

Arizona State Lottery Commission
0
0

0

0

0

0

0

0

0

0

Arizona State Mine Inspector Office
0
0

0

0

0

0

0

0

0

0

Arizona State Parks
0

0

0

0

0

0

0

0

0

0

Arizona State Personnel Board
0

0

0

0

0

0

0

0

0

0

Arizona State Retirement System
0
0

0

0

0

0

0

0

0

0

Arizona State Schools for the Deaf and the Blind
0
0
0

0

0

0

0

0

0

0

Arizona State Senate
0

0

0

0

0

0

0

0

0

0

Arizona State Supreme Court
0

0

0

0

0

0

0

0

0

0

0
0
139,770,000

11,530,000
2,964,180
40,155,000

0
0
39,415,000

65,385,000
0
162,390,000

207,760,000
110,323,492
1,172,085,000

8,877,669
4,766,087
52,836,414

75,032,355
24,259,301
246,050,879

139,770,000

54,649,180

39,415,000

227,775,000

1,490,168,492

66,480,169

345,342,534

Arizona State Veterinary Medical Examining Board
0
0
0

0

0

0

0

0

0

0

Board of Homeopathic and Integrated Medicine Exam
0
0
0

0

0

0

0

0

0

0

Arizona State University
COP
8
343,270,000
219,290,000
L/3P
9
124,403,239
113,287,672
REV
21
1,506,865,000 1,111,885,000
Totals for Arizona State University
38
1,974,538,239 1,444,462,672

132

TABLE 34

STATE AGENCY AND UNIVERSITY FY 2016 DEBT AND DEBT LIMITATIONS
JURISDICTION # OF
ORIGINAL
DEBT
ISSUES OR PRINCIPAL
TYPE
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

Board of Naturopathic Physicians Examiners
0
0

NEW DEBT OR
CONTRACTS

0

Board of Nursing Care Institution Administrators
L/3P
1
1,422
356
Totals for Board of Nursing Care Institution Administrators
1
1,422
356

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

0

0

0

0

0

0

0

0

356

0

0

0

0

0

0

356

0

0

0

0

0

Board of Peace Officer Standards & Training
0
0

0

0

0

0

0

0

0

0

Citizen's Clean Elections Commission
0
0

0

0

0

0

0

0

0

0

Commission for the Deaf and Hard of Hearing
0
0

0

0

0

0

0

0

0

0

Court of Appeals Div I
0

0

0

0

0

0

0

0

0

0

Court of Appeals Div II
0

0

0

0

0

0

0

0

0

0

Department of Child Safety
0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Governor's Office - Arizona-Mexico Commission
0
0
0

0

0

0

0

0

0

0

Governor's Office - Boards and Commissions
0
0

0

0

0

0

0

0

0

Governor's Office - Children, Youth and Families
0
0
0

0

0

0

0

0

0

0

Governor's Office On Tribal Relations
0
0

0

0

0

0

0

0

0

Governor's Office of Arizona Parent's Commission
0
0
0

0

0

0

0

0

0

0

Governor's Office of Equal Opportunity
0
0

0

0

0

0

0

0

0

Department of Fire, Building and Life Safety
0
0

0

0

0

133

TABLE 34

STATE AGENCY AND UNIVERSITY FY 2016 DEBT AND DEBT LIMITATIONS
JURISDICTION # OF
ORIGINAL
DEBT
ISSUES OR PRINCIPAL
TYPE
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

Governor's Office of Highway Safety
0
0

NEW DEBT OR
CONTRACTS

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

0

0

0

0

0

0

0

Governor's Office of Strategic Planning and Budget
0
0
0

0

0

0

0

0

0

0

Governor's Office
0

0

0

0

0

0

0

0

0
0

81,325,000
23,290,000

0
0

0
510,000

38,955,000
245,595,000

4,359,968
12,722,302

62,312,829
123,537,390

0

104,615,000

0

510,000

284,550,000

17,082,270

185,850,219

0

0

PRINCIPAL
PAID FY 2016

0

Greater Arizona Development Authority
GO
19
152,525,000
120,280,000
REV
45
350,365,000
268,885,000
Totals for Greater Arizona Development Authority
64
502,890,000
389,165,000
Industrial Commission of Arizona
0
0

0

0

0

0

0

0

0

0

Joint Legislative Budget Committee
0
0

0

0

0

0

0

0

0

0

Navigable Stream Adjudication Commission
0
0

0

0

0

0

0

0

0

0

0
0
44,885,000

3,300,000
1,005,308
8,415,000

0
0
10,580,962

66,465,000
0
92,865,000

54,985,000
15,773,191
536,420,000

2,405,119
686,309
27,231,836

36,502,933
2,239,399
169,829,577

44,885,000

12,720,308

10,580,962

159,330,000

607,178,191

30,323,264

208,571,909

Northern Arizona University
COP
5
145,115,000
58,285,000
L/3P
2
22,200,473
16,778,500
REV
16
683,195,000
533,630,000
Totals for Northern Arizona University
23
850,510,473
608,693,500
Office of Administrative Hearings
0
0

0

0

0

0

0

0

0

0

Office of Ombudsman - Citizen's Aide
0
0

0

0

0

0

0

0

0

0

Office of the Arizona State Treasurer
0
0

0

0

0

0

0

0

0

0

Office of the Attorney General
0
0

0

0

0

0

0

0

0

0

Office of the Auditor General
0

0

0

0

0

0

0

0

0

0

134

TABLE 34

STATE AGENCY AND UNIVERSITY FY 2016 DEBT AND DEBT LIMITATIONS
JURISDICTION # OF
ORIGINAL
DEBT
ISSUES OR PRINCIPAL
TYPE
CONTRACTS OR CONTRACT

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

Public Safety Personnel Retirement System
0
0

0

0

0

0

0

0

0

0

Registrar of Contractors
0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

263,545,000
0

142,832,813
81,518,462

0
0

416,215,000
0

774,497,679
292,281,924

28,810,869
7,523,077

458,844,156
219,180,021

263,545,000

224,351,275

0

416,215,000

1,066,779,603

36,333,946

678,024,177

0

0

0

0

0

0

0

0

354,736,000
41,699,315
984,265,000

0
184,915
175,385,000

22,711,355
24,749,942
25,205,000

0
0
181,440,000

56,920,000
0
224,395,000

331,861,000
17,134,288
953,005,000

16,217,000
1,680,288
45,533,000

97,589,000
19,584,535
261,932,000

1,380,700,315

175,569,915

72,666,297

181,440,000

281,315,000

1,302,000,288

63,430,288

379,105,535

0

56,245,000

0

461,260,000

656,060,000

31,516,733

284,881,695

0

56,245,000

0

461,260,000

656,060,000

31,516,733

284,881,695

0

Residential Utility Consumer Office
0
0

School Facilities Board
COP
10
1,709,455,000
653,785,491
REV
5
874,155,000
373,800,386
Totals for School Facilities Board
15
2,583,610,000 1,027,585,877
Secretary of State's Office
0

0

University of Arizona
COP
13
438,157,000
L/3P
22
52,845,367
REV
19
1,308,100,000
Totals for University of Arizona
54
1,799,102,367

Water Infrastructure Finance Authority
REV
9
1,368,315,000
712,305,000
Totals for Water Infrastructure Finance Authority
9
1,368,315,000
712,305,000

COP
GO
L/3P
REV

43
4,120,817,000
19
152,525,000
106
729,937,959
144 10,593,880,000

2,414,921,491
120,280,000
558,903,144
7,001,488,488

427,540,000
0
21,752,207
360,040,000

240,914,168
81,325,000
61,402,558
452,019,077

112,440,000
0
62,325,833
231,435,962

717,425,000
0
62,325,833
1,690,090,000

2,488,943,679
38,955,000
456,926,960
6,623,287,338

109,392,649
4,359,968
8,011,795
317,461,315

1,043,165,937
62,312,829
84,861,032
2,223,116,949

Grand Total

312 15,597,159,959 10,095,593,123

809,332,207

835,660,802

406,201,795

2,469,840,833

9,608,112,977

439,225,727

3,413,456,747

135

136

OTHER JURISDICTIONS
Political subdivisions that do not belong to a particular jurisdiction are included in this section. As
of June 30, 2016, other jurisdictions reported outstanding debt totaled $9.3 billion (outstanding
bonds of $8.88 billion and outstanding leases of $0.45 billion), or a 5.7% increase from the
prior fiscal year. For FY 2015, other jurisdictions reported total outstanding debt of $8.8
billion (outstanding bonds of $8.3 billion and outstanding leases of $0.5 billion).
Bonded debt consists of revenue bonds. Detail of the outstanding debt reported by other jurisdictions
can be found in Table 35. Other jurisdictions reported the following outstanding bonded debt as of
June 30, 2016:

 $8.9 billion in revenue bonds reported by five jurisdictions.
Lease purchases reported by other jurisdictions represent debt issued with a term in excess of one
year. As of June 30, 2016, lease purchases total $448 million, compared to $463.9 million reported
in FY 15.
We have removed two entities that historically appeared here in prior reports. The Arizona Strip
Landfill Corporation is a joint landfill operated and owned by the towns of Colorado City and
Fredonia. The debt of the joint venture is reported under the Town of Colorado City debts.
The U of A Health Network outstanding debt of $329.6 million was acquired by the Banner Health
Network during FY 2015 and thus is no longer part of the annual Long Term Debt Report.
The following table lists debt for other jurisdictions ranked from most debt to least debt.

OTHER JURISDICTION
Health Facilities Authority
Salt River Project
Arizona Sports and Tourism Authority
Central Arizona Water Conservation
District
Arizona Power Authority
Total

OUTSTANDING OUTSTANDING
BONDS
LEASES
$4,697,145,249
$0
$3,835,705,000
$448,419,000
$266,405,000
$0

TOTAL
OUTSTANDING
DEBT
$4,697,145,249
$4,284,124,000
$266,405,000

$45,460,000

$0

$45,460,000

$38,690,000
$8,883,405,249

$0
$448,419,000

$38,690,000
$9,331,824,249

Please note that the outstanding balances listed in the report should reflect all debt as of June 30,
2016. However, the year-end balances should reflect any July 1, 2016 payments if the payment
amount has been deposited into a dedicated fund for the payment of principal.
REVENUE BONDS
Total outstanding debt from revenue bonds as of June 30, 2016 was $8.9 billion after retiring $206.9
million.
NEW BONDS
During FY 2015/16, two entities issued new debt totaling $630 million. Detail of new bonds issued can
be found in Section Two and Table 41.
LEASE PURCHASES
Lease purchases and third party financing contracts represent debt issued with a term greater than one
year. The Salt River Project and the reported outstanding lease purchases of $448.4 million as of June
30, 2016.

137

INTEREST

PER CAPITA DEBT
One method of determining the level of debt in relation to other jurisdictions is dividing total outstanding
debt by the total state population. High per capita debt is neither good nor bad; it is simply a comparative
tool to describe how other jurisdictions compare to others. Using this measure, the Health Facilities
Authority has the most per capita, as presented on the following table.

OTHER JURISDICTIONS
Health Facilities Authority
Salt River Project
Arizona Sports and Tourism Authority
Central Arizona Water Conservation
District
Arizona Power Authority

PER CAPITA
BOND DEBT
$695
$568
$39

PER CAPITA
LEASE DEBT
$0
$66
$0

PER CAPITA
TOTAL DEBT
$695
$634
$39

$7

$0

$7

$6

$0

$6

The population measure used to calculate per capita debt is the July 1, 2015 Department of
Administration’s estimate.

138

TABLE 35

OTHER JURISDICTION FY 2016 DEBT AND DEBT LIMITATIONS
JURISDICTION # OF
ORIGINAL
DEBT
ISSUES OR PRINCIPAL
TYPE
CONTRACTS OR CONTRACT
Arizona Power Authority
REV
45
84,085,000
Totals for Arizona Power Authority
45
84,085,000

OUTSTANDING
PRINCIPAL
6/30/2015

NEW DEBT OR
CONTRACTS

PRINCIPAL
PAID FY 2016

AMOUNT
REFUNDED
TO DATE

OUTSTANDING
PRINCIPAL
6/30/2016

INTEREST
PAID IN
2016

INTEREST
PAID
TO DATE

44,305,000

0

5,615,000

0

0

38,690,000

1,980,069

27,322,275

44,305,000

0

5,615,000

0

0

38,690,000

1,980,069

27,322,275

0

7,270,000

0

0

266,405,000

13,150,338

70,152,416

0

7,270,000

0

0

266,405,000

13,150,338

70,152,416

0

0

0

45,460,000

882,039

882,039

0

0

0

45,460,000

882,039

882,039

585,050,000

74,914,611

0

0

4,697,145,249

204,996,177

929,129,968

585,050,000

74,914,611

0

0

4,697,145,249

204,996,177

929,129,968

463,911,000
3,954,775,000

0
0

15,492,000
119,070,000

0
0

0
291,260,000

448,419,000
3,835,705,000

35,563,000
188,223,800

195,248,000
1,149,469,246

4,418,686,000

0

134,562,000

0

291,260,000

4,284,124,000

223,786,800

1,344,717,246

Arizona Sports and Tourism Authority
REV
3
279,225,000
273,675,000
Totals for Arizona Sports and Tourism Authority
3
279,225,000
273,675,000

Central Arizona Water Conservation District
REV
1
45,460,000
0
45,460,000
Totals for Central Arizona Water Conservation District
1
45,460,000
0
45,460,000
Health Facilities Authority
REV
55
5,062,645,000 4,094,391,000
Totals for Health Facilities Authority
55
5,062,645,000 4,094,391,000
Salt River Project
L/3P
1
516,955,000
REV
9
4,503,255,000
Totals for Salt River Project
10
5,020,210,000

AMOUNT
REFUNDED
FY 2016

L/3P
REV

1
113

516,955,000
9,974,670,000

463,911,000
8,367,146,000

0
630,510,000

15,492,000
206,869,611

0
0

0
291,260,000

448,419,000
8,883,405,249

35,563,000
409,232,423

195,248,000
2,176,955,945

Grand Total

114 10,491,625,000

8,831,057,000

630,510,000

222,361,611

0

291,260,000

9,331,824,249

444,795,423

2,372,203,945

139

140

SECTION TWO
FY 2015/16 NEW ISSUES

141

142

FY 2015/16 NEW
Throughout FY 2015/16 $4.3 billion in new issues was reported by Arizona political subdivisions;
of this amount, $1.9 billion was directly attributed to refunding old debt. Copies of the Report of
Bond and Security Issuance forms as provided by the jurisdictions can be obtained upon request.
The following table lists new issues by county as well as the portion recognized as refunding.

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

New Debt
$0
$7,310,000
$3,508,725
$4,964,917
$26,340,000
$0
$1,934,494
$1,287,984,722
$133,598,432
$0
$126,656,786
$24,588,527
$7,805,000
$698,845,000
$41,851,633
$48,045,000
$2,413,433,236

Refunding

Total

$0
$16,055,000
$0
$6,444,398
$0
$0
$0
$836,662,164
$102,319,000
$20,560,000
$162,420,000
$95,260,000
$9,495,000
$444,630,000
$30,096,367
$189,210,000
$1,913,151,929

$0
$23,365,000
$3,508,725
$11,409,315
$26,340,000
$0
$1,934,494
$2,124,646,886
$235,917,432
$20,560,000
$289,076,786
$119,848,527
$17,300,000
$1,143,475,000
$71,948,000
$237,255,000
$4,326,585,165

The following table lists new issues by jurisdiction as well as the portion recognized as refunding.

Jurisdiction
Counties
Cities/Towns
Community Colleges
School Districts
Special Districts
Other
State/Other
Total

New Debt
$44,954,494
$991,372,930
$7,310,000
$517,093,179
$153,857,633
$0
$698,845,000
$2,413,433,236

Refunding
$9,495,000
$888,197,164
$43,570,000
$331,570,000
$195,689,765
$0
$444,630,000
$1,913,151,929

Total
$54,449,494
$1,879,570,094
$50,880,000
$848,663,179
$349,547,398
$0
$1,143,475,000
$4,326,585,165

COUNTIES
During the FY 2015/16, three counties reported four new bond issues totaling $54.5 million; of this
amount, $9.5 million was attributed to refunding. The following is a breakdown of this total:

 $44.95 million in revenue bonds reported by two counties; $0.00 was attributed to
refunding

143

 $9.5 million in certificate of participation debt, reported by one county.
New county debt for the fiscal year can be found in Table 36.
CITIES AND TOWNS
City and town debt comes in a variety of forms including general obligation, certificates of
participation, revenue, special assessment, municipal property corporation bonds and lease
purchase. In general, cities and towns obtain debt to improve roads, highways, waste water
systems and other municipal facilities.
During FY 2015/16, 28 cities and towns incurred $1.88 billion in new debt; of this amount, $888.2
million was attributed to refunding. The following is a breakdown of this total:

 $215.8 million in general obligation debt, reported by three cities and towns; $148.5
million was attributed to refunding

 $1.28 billion in revenue bonds, reported by ten cities and towns; $615.7 million was
attributed to refunding

 $98.75 million in debt issued through municipal property corporations, reported by two cities
and towns; $66.4 million was attributed to refunding

 $220.35 million in certificates of participation, reported by ten cities; $57.58 million was
attributed to refunding

 $59.14 million in lease purchase/loan agreement, reported by eight cities.
Detail of the new debt issues reported by cities and towns for this fiscal year can be found in Table
37.
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. Revenue
bonds are secured by student tuition and fees. Of the twelve community college districts statewide,
Pinal County CC and Cochise County CC reported new debt totaling $50.88 million.

 $50.88 million in a general obligation bond, issued by two community colleges $43.57 for
refunding.
Detail on new issues by Community Colleges can be found in Table 38.
SCHOOL DISTRICTS
School districts primarily incur general obligation debt, subject to the limitations established by the
constitution. During FY 2015/16, 36 Arizona school districts incurred $848.66 million in new debt; of
this amount, $331.57 million was attributed to refunding. The following is a breakdown of this total:

 $531.4 million in general obligation class B bonds, issued by 25 school districts; $238.3
million was attributed to refunding

 $228.9 million in lease purchase debt, issued by nine districts; none was attributed to
refunding.

 $241.5 million in Ad Valorem Property Tax Bond, issued by nine districts $93.27 million was
attributed to refunding.
Detail of all new debt issued by school districts for the fiscal year can be found in Table 39.
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, lease, and special assessment bonds.
During FY 2015/16, 22 special districts incurred $349.5 million in new debt; of this amount, $195.7 was
attributed to refunding. The following is a breakdown of this total:

 $190.6 million in revenue bonds, issued by nine special districts; $155.5 million was
attributed to refunding

144

 $150.6 million in general obligation bonds, issued by eight special districts; $34.35 million
was attributed to refunding

 $2.52 million in special assessment bonds, issued by four special districts; $0 was
attributed to refunding

 $5.83 million in lease purchase debt, issued by two special district; $5.83 million was
attributed to refunding.
Detail of all new debt issued by special districts for the fiscal year can be found in Table 40.
STATE AGENCIES, UNIVERSITIES AND OTHERS
During the FY 2015/16, four agencies, and other jurisdictions reported 13 new bond issues
totaling $1.14 billion; of this amount, $444.6 million was attributed to refunding. The following is a
breakdown of this total:

 $959.48 million in revenue bonds, issued by three agencies, and others; of this amount,
$280.6 million was attributed to refunding.

 $164 million in certificate of participation bonds, issued by one agency for refunding.
 $20 million in lease purchase, issued by one entity
Detail of new debt issued by state agencies, universities and other jurisdictions for the fiscal year can
be found in Table 41
REPORTING ISSUES
The following entities reported debt without submitting a Report of Bond and Security Issuance to
the Arizona State Treasurer’s Office:
- Northern Arizona University
- School Facilities Board
- City of Glendale
- City of Litchfield Park
- City of Tucson
- Gila County
An asterisk ( * ) in the following tables are entities that have submitted a Report of Bond and
Security Issuance to the Arizona State Treasurer’s Office but failed to report the debt on their
“Report of Debt, Leases and Contracts” form for FY 15/16.

145

146

Name
La Paz County
Pima County
Santa Cruz

Name
City of Avondale*
City of Bullhead City
City of Casa Grande
City of Casa Grande
City of Chandler
City of Cottonwood*
City of El Mirage
City of Goodyear
City of Mesa
City of Mesa
City of Mesa
City of Mesa
City of Peoria
City of Peoria
City of Peoria
City of Phoenix
City of Phoenix
City of Sedona
City of Somerton*

TABLE 36
COUNTY NEW ISSUES FY16

Bond Type
Financing Agreement
Annual Appropriation
Participating

# of Issues
2
1
1
Grand Total

New Issues
$1,019,494
$43,935,000
$0
$44,954,494

TABLE 37
CITY/TOWNS NEW ISSUES FY16

Bond Type
Lease/Purchase
Participating
General Obligation
General Obligation Refunding
Participating
Loan Agreement
Participating/Ad Valorem
Participating
Revenue
General Obligation
General Obligation Refunding
Revenue Refunding
Ad Valorem
Loan Agreement
Ad Valorem
Revenue
Revenue
Revenue
Loan Agreement

# of Issues
1
2
1
1
1
1
2
1
1
1
2
1
1
1
1
1
1
1
1

147

New Issues
$380,036
$1,554,000
$16,000,000
$0
$66,660,000
$15,200,000
$12,470,000
$7,312,836
$90,500,000
$37,700,000
$0
$0
$30,325,000
$14,000,000
$0
$305,940,000
$95,785,000
$0
$450,000

Refunding
$0
$0
$9,495,000
$9,495,000

Refunding
$0
$4,019,000
$0
$18,650,000
$0
$0
$0
$4,227,164
$0
$0
$43,410,000
$138,035,000
$0
$0
$66,425,000
$0
$18,655,000
$8,030,000
$0

Amount
$1,019,494
$43,935,000
$9,495,000
$54,449,494

Amount
$380,036
$5,573,000
$16,000,000
$18,650,000
$66,660,000
$15,200,000
$12,470,000
$11,540,000
$90,500,000
$37,700,000
$43,410,000
$138,035,000
$30,325,000
$14,000,000
$66,425,000
$305,940,000
$114,440,000
$8,030,000
$450,000

Name
City of Tempe
City of Tempe
City of Tempe
City of Tucson
City of Tucson
City of Willcox
City of Williams*
City of Williams*
City of Yuma
City of Buckeye
Lake Havasu City
Town of Chino Valley*
Town of Chino Valley*
Town of Clarkdale
Town of Florence
Town of Gilbert
Town of Miami*
Town of Oro Valley*
Town of Paradise Valley
Town of Prescott Valley

TABLE 37
CITY NEW ISSUES FY16

Bond Type
General Obligation
Participating
General Obligation
Revenue/Refunding
Lease Purchase
Refinancing
Lease
Loan Agreement
Revenue
Participating
Revenue and General Obligation
Participating
Loan Agreement
Loan Agreement
Participating
Revenue Bond
Promissory Note
Participating
Participating
Revenue

# of Issues
1
1
1
1
1
1
1
1
3
1
2
1
2
1
2
2
2
1
2
1
Total

148

New Issues
$13,630,000
$20,775,000
$0
$17,215,000
$16,445,984
$0
$83,725
$900,000
$0
$51,260,000
$132,044,432
$0
$4,310,000
$7,372,000
$4,740,000
$23,355,000
$4,964,917
$0
$0
$0
$991,372,930

Refunding
$0
$21,710,000
$86,440,000
$71,805,000
$0
$1,380,000
$0
$0
$178,060,000
$12,620,000
$98,300,000
$3,346,000
$0
$0
$0
$92,585,000
$0
$3,775,000
$7,880,000
$8,845,000
$888,197,164

Amount
$13,630,000
$42,485,000
$86,440,000
$89,020,000
$16,445,984
$1,380,000
$83,725
$900,000
$178,060,000
$63,880,000
$230,344,432
$3,346,000
$4,310,000
$7,372,000
$4,740,000
$115,940,000
$4,964,917
$3,775,000
$7,880,000
$8,845,000
$1,879,570,094

Name
Cochise County Community College
Pinal County Community College

District #
216
44
32
33
33
16
16
93
80
21
21
97
97
89
8
32
41
41
40
205
60

Name
Agua Fria USD
Avondale Elementary SD
Blue Ridge USD
Buckeye Elementary SD
Buckeye Elementary SD
Catalina Foothills USD
Catalina Foothills USD
Cave Creek USD
Chandler USD*
Coolidge USD
Coolidge USD
Deer Valley USD
Deer Valley USD
Dysart USD
Flowing Wells USD
Gadsden Elementary School District
Gilbert Unified School District
Gilbert Unified School District
Glendale Elementary School District
Glendale Union High School District
Higley USD

TABLE 38
COMMUNITY COLLEGE NEW ISSUES FY16

Bond Type
Revenue/Refunding
General Obligation

# of Issues
1
1
Total

New Issues
$7,310,000
$0
$7,310,000

TABLE 39
SCHOOL DISTRICT NEW ISSUES FY16

Bond Type
General Obligation
General Obligation
Ad Valorem
General Obligation
General Obligation
General Obligation
General Obligation
Lease Purchase
Ad Valorem
General Obligation
Lease
General Obligation
General Obligation
General Obligation
Lease
Ad Valorem
General Obligation
General Obligation
General Obligation
General Obligation
Ad Valorem

# of Issues
2
1
1
1
1
1
1
1
3
1
2
2
1
1
2
2
1
1
1
1
1

149

New Issues
$15,000,000.00
$5,000,000.00
$0.00
$6,265,000.00
$0.00
$0.00
$7,500,000.00
$1,488,600.00
$60,000,000.00
$0.00
$1,848,526.67
$0.00
$30,000,000.00
$0.00
$2,110,802.00
$7,595,000.00
$0.00
$31,300,000.00
$9,200,000.00
$8,435,000.00
$25,785,000.00

Refunding
$14,675,000
$28,895,000
$43,570,000

Refunding
$0.00
$0.00
$15,660,000.00
$0.00
$9,850,000.00
$7,360,000.00
$0.00
$0.00
$0.00
$19,490,000.00
$0.00
$19,200,000.00
$0.00
$74,865,000.00
$0.00
$0.00
$38,445,000.00
$0.00
$0.00
$0.00
$0.00

Amount
$21,985,000
$28,895,000
$50,880,000

Amount
$15,000,000
$5,000,000
$15,660,000
$6,265,000
$9,850,000
$7,360,000
$7,500,000
$1,488,600
$60,000,000
$19,490,000
$1,848,527
$19,200,000
$30,000,000
$74,865,000
$2,110,802
$7,595,000
$38,445,000
$31,300,000
$9,200,000
$8,435,000
$25,785,000

District #
59
79
6
20
4
4
4
4
69
92
11
11
1
1
95
2
48
12
15
62
6
402
70

Name
Laveen Elementary SD
Litchfield Elementary SD
Marana USD
Maricopa USD
Mesa USD
Mesa USD
Mingus Union HSD
Mingus Union HSD
Paradise Valley USD
Pendergast Elementary SD
Peoria USD
Peoria USD
Phoenix Elementary School District
Prescott USD
Queen Creek USD
Riverside Elementary SD
Scottsdale USD
Sunnyside USD
Tuba City USD
Union Elementary SD
Washington Elementary SD
Western Maricopa Education Center
Yuma Union High School District

TABLE 39
SCHOOL DISTRICT NEW ISSUES FY16

Bond Type
Ad Valorem
Ad Valorem
General Obligation
General Obligation
General Obligation
General Obligation
Ad Valorem
Ad Valorem
General Obligation
General Obligation
Ad Valorem
Lease
General Obligation
General Obligation
General Obligation
General Obligation
General Obligation
Ad Valorem
General Obligation
General Obligation
General Obligation
General Obligation
General Obligation

# of Issues
1
2
1
1
1
1
1
1
1
2
1
1
1
1
2
1
1
1
2
1
2
1
1
Total

150

New Issues
$7,480,000.00
$6,000,000.00
$30,000,000.00
$0.00
$35,000,000.00
$0.00
$5,990,000.00
$0.00
$36,700,000.00
$8,510,000.00
$26,000,000.00
$10,260,250.00
$20,000,000.00
$7,500,000.00
$4,350,000.00
$10,200,000.00
$0.00
$9,450,000.00
$2,525,000.00
$5,200,000.00
$25,500,000.00
$14,900,000.00
$40,000,000.00
$517,093,179

Refunding
$2,860,000.00
$0.00
$0.00
$28,225,000.00
$0.00
$12,815,000.00
$0.00
$6,715,000.00
$0.00
$0.00
$68,035,000.00
$0.00
$0.00
$0.00
$0.00
$0.00
$28,050,000.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$331,570,000

Amount
$10,340,000
$6,000,000
$30,000,000
$28,225,000
$35,000,000
$12,815,000
$5,990,000
$6,715,000
$36,700,000
$8,510,000
$94,035,000
$10,260,250
$20,000,000
$7,500,000
$4,350,000
$10,200,000
$28,050,000
$9,450,000
$2,525,000
$5,200,000
$25,500,000
$14,900,000
$40,000,000
$848,663,179

TABLE 40
SPECIAL DISTRICTS NEW ISSUES FY16
Name
Agua Fria Ranch CFD
Buckskin Sanitary District
CFD No 1 City of Goodyear*
Chino Valley Fire District
Daisy Mountain Fire District
Eastmark CFD Dist. No 1
Festival Ranch CFD
Festival Ranch Community Facilities
Graham County Jail District
Maricopa Co Health Care District
Merrill Ranch CFD No. 2
Nogales Muni Development Auth*
Northwest Fire District
Picture Rocks Fire District
Pine/Strawberry WID*
Pinetop Fire District*
Regional Public Tran. Authority
Rio Nuevo Multipurpose FD
Vistancia CFD
Yuma County Free Library District
Daisy Mountain Fire District

County
Maricopa
La Paz
Maricopa
Yavapai
Maricopa
Maricopa
Maricopa
Maricopa
Graham
Maricopa
Pinal
Santa Cruz
Pima
Pima
Gila
Navajo
Maricopa
Pima
Maricopa
Yuma
Maricopa

Bond Type
General Obligation
Loan Agreement
General Obligation
General Obligation
Lease
Revenue
Revenue
Revenue
Participating
General Obligation
General Obligation
Revenue
General Obligation
General Obligation
Revenue
Lease-purchase
Revenue
Revenue
Bond
Ad Valorem
Ad Valorem

151

# of Issues
1
1
1
1
1
3
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
Total

New Issues
$915,000
$0
$1,479,633
$8,830,000
$200,000
$288,000
$26,340,000
$106,000,000
$2,000,000
$7,805,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$153,857,633

Refunding
$2,360,000
$0
$18,535,000
$3,160,367
$925,000
$0
$0
$0
$0
$0
$0
$0
$8,300,000
$1,995,000
$6,444,398
$4,900,000
$22,695,000
$69,185,000
$36,985,000
$11,150,000
$9,055,000
$195,689,765

Amount
$2,360,000
$915,000
$18,535,000
$4,640,000
$925,000
$8,830,000
$200,000
$288,000
$26,340,000
$106,000,000
$2,000,000
$7,805,000
$8,300,000
$1,995,000
$6,444,398
$4,900,000
$22,695,000
$69,185,000
$36,985,000
$11,150,000
$9,055,000
$349,547,398

TABLE 41
STATE AGENCY, UNIVERSITY AND OTHER NEW ISSUES FY16

Name
Arizona Board of Regents
Arizona Health Facility Authority
Arizona Health Facility Authority
Central Arizona Water Cons. District
Department of Administration

Bond Type
Revenue
Revenue
Lease
Revenue
Participation

# of Issues

3
6
3
1
1
Total

152

New Issues
$125,770,000
$527,615,000
$20,000,000
$45,460,000
$163,995,000
$882,840,000

Refunding
$243,200,000
$212,820,000
$0
$0
$0
$456,020,000

Amount
$368,970,000
$740,435,000
$20,000,000
$45,460,000
$163,995,000
$1,338,860,000

SECTION THREE
FY 2015/16 NON REPORTING
POLITICAL SUBDIVISIONS

153

154

Table 42
Jurisdictions Who Failed to Submit Debt Reports

ENTITY TYPE

None

LAST REPORTED DEBT
OUTSTANDING

ENTITY

YEAR

Table 43
Jurisdictions With Incomplete Debt Reports
ENTITY TYPE
School Districts
School Districts
School Districts
Special Districts
Special Districts
Special Districts
Special Districts
Special Districts
Special Districts

ENTITY
Chinle Unified SD
Tonto Basin SD
Winslow USD
Greer Fire District
Mescal -J6 Fire District
Fort Thomas Fire District
Quartzsite Fire District
Maricopa Mountain WID
Tubac Fire District

ISSUE
Incomplete Data
Incomplete Data
Incomplete Data
Incomplete Data
Reported data does not balance from FY 15 and FY 16
Reported data does not balance from FY 15 and FY 16
Reported data does not balance from FY 15 and FY 16
Reported data does not balance from FY 15 and FY 16
Reported data does not balance from FY 15 and FY 16

155

TYPE