OFFICE OF THE ARIZONA STATE TREASURER t, I'/ HON. JEFF DEWIT TREASURER Treasurer Jeff DeWit Arizona State Capitol 1700 W. Washington St. Phoenix, AZ 85007 (602) 542-7800 toll free (877) 365-8310 E-mail: info@aztreasury.gov www.AzTreasury.gov Annual Audited Financial Statements Fiscal Year 2017 �- I � STATE OF ARIZONA OFFICE OF THE TREASURER ANNUAL FINANCIAL REPORT JUNE 30, 2017 TABLE OF CONTENTS LETTER FROM THE STATE TREASURER........................................................................................ 1 FINANCIAL STATEMENTS Independent Auditors’ Report ................................................................................................ 3 Statement of Fiduciary Net Position - Fiduciary Funds ........................................................... 6 Combining Statement of Fiduciary Net Position - Investment Trust Funds ............................ 7 Combining Statement of Operations - Investment Trust Funds.............................................. 8 Combining Statement of Changes in Fiduciary Net Position - Investment Trust Funds ......... 9 Notes to Financial Statements .............................................................................................. 10 SUPPLEMENTAL INFORMATION External Investment Pools Financial Statements ................................................................. 34 Individual Investment Account Financial Statements ...........................................................45 Summary of Cash on Deposit with Treasurer ....................................................................... 48 Note to Summary of Cash on Deposit with Treasurer ..........................................................64 JEFF DEWIT State Treasurer MANAGEMENT STAFF Lorraine Jones Deputy Treasurer Operations Patrick Quigley Mark Swenson Assistant Deputy Treasurer Financial Services Deputy Treasurer Policy and Research Tim White Senior Portfolio Manager Patty Humbert Chief Investment Officer Dennis Stevenson Portfolio Manager Michael Leslein Investment Accounting Manager Christine Thurston Executive Consultant Jackie Harding Banking Services Manager OFFICE OF THE ARIZONA STATE TREASURER JEFF DEWIT TREASURER October 31, 2017 The Honorable Douglas A. Ducey Governor, State of Arizona 1700 W. Washington Phoenix, AZ 85007 Dear Governor Ducey, It is a pleasure to submit the Arizona State Treasurer's Annual Audited Financial Statements for the fiscal year ended June 30, 2017. During the past fiscal year we have continued to earn a profit for both state and local taxpayers. In Fiscal Year 2017, we distributed investment earnings of $369 million. Highlights of the Treasurer's Office for the fiscal year: • • • • • Fair value of combined investments totaled $14.5 billion; Fair value of all Endowment Funds totaled $5.6 billion, from which $290 million of investment earnings was distributed to beneficiaries; Fair value of non-endowment funds totaled $8.9 billion, from which $79 million was distributed to pool participants; Custody of performance bond' s cash and securities totaled $558 million with negotiable securities held at a custodial institution; State shared revenue distributions totaled $10.6 billion. It is an honor and a privilege to serve the citizens of Arizona as State Treasurer. Sincerely, STATE CAPITOL + 1700 W. W ASHINGTON, PHOENIX, ARIZONA 85007 + (602) 542-7800 + FAX (602) 542-7176 TOLL FREE (877) 365-8310 + WWW.AZTREASURY.G0V Independent auditors’ report Members of the Arizona State Legislature The Honorable Jeff DeWit Arizona State Treasurer Report on the financial statements We have audited the accompanying financial statements of the fiduciary funds of the Office of the Arizona State Treasurer as of and for the year ended June 30, 2017, and the related notes to the financial statements, which collectively comprise the Office of the Arizona State Treasurer’s financial statements as listed in the table of contents. Management’s responsibility for the financial statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with U.S. generally accepted accounting principles; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditors’ responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with U.S. generally accepted auditing standards and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditors consider internal control relevant to the Office of the Arizona State Treasurer’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Office of the Arizona State Treasurer’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a reasonable basis for our audit opinion. 2910 NORTH 44 th STREET • SUITE 410 • PHOENIX, ARIZONA 85018 • (602) 553-0333 • FAX (602) 553-0051 Opinion In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the fiduciary funds of the Office of the Arizona State Treasurer as of June 30, 2017, and the results of operations of its investment trust funds and the changes in financial position of its investment trust funds for the year then ended in conformity with U.S. generally accepted accounting principles. Emphasis of matter As described in Note 1 to the financial statements, the Office of the Arizona State Treasurer’s financial statements are intended to present the financial position, results of operations, and changes in financial position of only that portion of the fiduciary activities of the State of Arizona that is attributable to the Office of the Arizona State Treasurer’s transactions. They do not purport to, and do not, present fairly the financial position of the State of Arizona as of June 30, 2017, and the changes in financial position of the State of Arizona for the year then ended in conformity with U.S. generally accepted accounting principles. Our opinion was not modified with respect to this matter. Other matters Supplementary and other information Our audit was conducted for the purpose of forming an opinion on the financial statements that collectively comprise the Office of the Arizona State Treasurer’s financial statements. The financial statements for the external investment pools and individual investment accounts, and Letter from the State Treasurer and Summary of Cash on Deposit with Treasurer and accompanying note listed in the table of contents are presented for the purposes of additional analysis and are not required parts of the financial statements. The financial statements for the external investment pools and individual investment accounts are management’s responsibility and were derived from and relate directly to the underlying accounting and other records used to prepare the financial statements. Such information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with U.S. generally accepted auditing standards. In our opinion, the financial statements for the external investment pools and individual investment accounts are fairly stated, in all material respects, in relation to the financial statements as a whole. The Letter from the State Treasurer and the Summary of Cash on Deposit with Treasurer and accompanying note have not been subjected to the auditing procedures applied in the audit of the financial statements, and accordingly, we do not express an opinion or provide any assurance on them. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we issued our report dated October 31, 2017, on our consideration of the Office of the Arizona State Treasurer’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the Office of the Arizona State Treasurer’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Office of the Arizona State Treasurer’s internal control over financial reporting and compliance. Debbie Davenport Auditor General October 31, 2017 FINANCIAL STATEMENTS STATE OF ARIZONA OFFICE OF THE TREASURER STATEMENT OF FIDUCIARY NET POSITION FIDUCIARY FUNDS JUNE 30, 2017 Investment Trust Funds Agency Funds Total Assets: Cash in bank and on hand Investments in securities, at fair value Securities lending collateral investments Accrued interest and other receivables Management fees receivable Dividends receivable Sold securities receivable $ Total assets 2,149,986 3,366,590,044 706,425 2,296,856 - $ 99,635,986 11,175,328,246 85,244,973 23,946,338 418,002 3,382,286 13,565,494 $ 101,785,972 14,541,918,290 85,951,398 26,243,194 418,002 3,382,286 13,565,494 3,371,743,311 $ 11,401,521,325 14,773,264,636 249,968 85,244,973 79,452,035 11,236,574,349 418,002 1,500 85,951,398 84,452,035 11,236,574,349 11,401,521,325 11,407,397,284 Liabilities: Management fees payable Other fees payable Obligations under security loan agreements Purchased securities payable Liabilities to depositors 168,034 1,500 706,425 5,000,000 - Total liabilities 5,875,959 $ Net Position: Held for investment trust participants Total net position 3,365,867,352 3,365,867,352 $ 3,365,867,352 See accompanying notes to financial statements 6 $ 3,365,867,352 STATE OF ARIZONA OFFICE OF THE TREASURER COMBINING STATEMENT OF FIDUCIARY NET POSITION INVESTMENT TRUST FUNDS JUNE 30, 2017 Individual Investment Account External Investment Trust Funds Local Government Investment Pool (LGIP) _______________ Local Government Investment Pool FF&C (LGIP-GOV) _______________ Local Government Local Government Local Investment Pool - Investment Pool Government Central Arizona Medium Term Medium Term FF&C Investment Water Conservation (LGIP-MT) (LGIP-MT GOV) Lehman Brothers _____________ District _____________ ______________ ______________ Total _____________ Assets Cash in bank and on hand Investments in securities, at fair value $ 1,166,515 $ - $ 983,471 $ - $ - $ - $ 2,149,986 1,151,255,332 1,350,070,256 351,186,195 146,167,237 2,143,270 365,767,754 3,366,590,044 - - 613,500 - - 92,925 706,425 198,235 30,935 930,452 251,653 - 885,581 2,296,856 1,152,620,082 1,350,101,191 353,713,618 146,418,890 2,143,270 366,746,260 3,371,743,311 66,228 63,049 15,683 6,621 - 16,453 168,034 1,500 - - - - - 1,500 Obligations under security loan agreements - - 613,500 - - 92,925 706,425 Purchased securities payable - - 5,000,000 - - - 5,000,000 67,728 63,049 5,629,183 6,621 - 109,378 5,875,959 348,084,435 $ 146,412,269 2,143,270 $ 366,636,882 $ 3,365,867,352 336,789,208 145,566,334 23,389,753 366,078,983 3,374,414,774 Securities lending collateral investments Accrued interest and other receivables Total assets Liabilities Management fees payable Other fees payable Total liabilities Net position held in trust Net position consists of: Participant shares outstanding Participant net position value per share (net position/shares outstanding) $ 1,152,552,354 1,152,552,354 $1.00 $ 1,350,038,142 1,350,038,142 $1.00 $ $1.03 $1.01 See accompanying notes to financial statements 7 $ $0.09 $1.00 STATE OF ARIZONA OFFICE OF THE TREASURER COMBINING STATEMENT OF OPERATIONS INVESTMENT TRUST FUNDS YEAR ENDED JUNE 30, 2017 Individual Investment Account External Investment Trust Funds Local Government Investment Pool (LGIP) ______________ Local Government Investment Pool FF&C (LGIP-GOV) _____________ Local Government Investment Pool Medium Term (LGIP-MT) _____________ Local Government Local Government Central Arizona Investment Pool Investment Water Conservation Medium Term FF&C Brothers _______________ District (LGIP-MT GOV) Lehman ______________ _______________ Total ______________ Revenues Interest income $ 8,760,623 $ 6,533,606 $ 4,514,381 $ 2,126,350 $ - $ 5,443,987 $ 27,378,947 Net increase (decrease) in fair value (5,989) (317,376) (2,046,285) (1,729,720) 676,078 (2,213,329) (5,636,621) Income from securities lending activities: Gross earnings Rebates (paid) received Less fees Net income from securities lending activities 4,478 (212) (1,262) 3,004 124,180 (3,508) (73,732) 46,940 10,927 (5,977) (4,134) 816 8,068 (3,252) (2,948) 1,868 - 11,304 (6,687) (4,399) 218 158,957 (19,636) (86,475) 52,846 Total revenues 8,757,638 6,263,170 2,468,912 398,498 676,078 3,230,876 21,795,172 704,839 648,218 158,875 78,768 - 190,405 1,781,105 18,000 - - - - - 18,000 722,839 648,218 158,875 78,768 - 190,405 1,799,105 Expenses Management fees Other fees Total expenses Net investment income (loss) $ 8,034,799 $ 5,614,952 $ 2,310,037 $ 319,730 See accompanying notes to financial statements 8 $ 676,078 $ 3,040,471 $ 19,996,067 STATE OF ARIZONA OFFICE OF THE TREASURER COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION INVESTMENT TRUST FUNDS YEAR ENDED JUNE 30, 2017 Individual Investment Account External Investment Trust Funds Local Government Investment Pool (LGIP) ______________ Net increase (decrease) in net position from operations $ Allocation to pool participants 8,034,799 Local Government Investment Pool FF&C (LGIP-GOV) ______________ $ (8,034,799) Share transactions at net position value of $1.00 Purchase of units Reinvestment of interest Sale of units 5,614,952 Local Government Investment Pool Medium Term (LGIP-MT) ______________ $ (5,614,952) 2,310,037 (2,310,037) Local Government Local Investment Pool Government Central Arizona Medium Term FF&C Investment Water Conservation (LGIP-MT GOV) ________________ Lehman Brothers _______________ District _______________ $ 319,730 $ (319,730) 676,078 $ 3,040,471 - (3,040,471) Total ______________ $ 19,996,067 (19,319,989) 2,863,840,214 1,926,602,845 103,391,175 13,647,650 - 78,124,688 4,985,606,572 8,047,107 5,888,165 3,970,106 1,652,320 - 5,090,437 24,648,135 (8,470,701) (13,241,995) - (57,555,289) (2,844,869,024) (1,812,832,277) (4,736,969,286) Transfer of units to (from) 1,064,365 - - - (1,064,365) - - Net increase (decrease) in net position resulting from share transactions 28,082,662 119,658,733 98,890,580 2,057,975 (1,064,365) 25,659,836 273,285,421 Net position Beginning of period End of period $ 1,124,469,692 1,152,552,354 $ 1,230,379,409 1,350,038,142 $ 249,193,855 348,084,435 144,354,294 $ 146,412,269 $ 2,531,557 2,143,270 340,977,046 $ 366,636,882 3,091,905,853 $ 3,365,867,352 Ending net position consists of: Internal participants External participants $ $ 35,754,052 1,116,798,302 $ $ 27,500,020 1,322,538,122 $ $ 24,288,477 323,795,958 $ 9,587,890 $ 136,824,379 $ $ 374,672 1,768,598 $ $ 366,636,882 $ 97,505,111 $ 3,268,362,241 See accompanying notes to financial statements 9 STATE OF ARIZONA OFFICE OF THE TREASURER NOTES TO FINANCIAL STATEMENTS JUNE 30, 2017 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accounting policies of the State of Arizona, Office of the Treasurer (Treasurer) conform to accounting principles applicable to governmental units adopted by the Governmental Accounting Standards Board (GASB). Reporting Entity - The Investment Trust Funds and Agency Funds account for the assets held by the Treasurer as custodian or fiscal agent for the various fund types of the State of Arizona as well as political subdivisions and public entities investing in the Local Government Investment Pool (LGIP), Local Government Investment Pool – FF&C (LGIP-GOV), Local Government Investment Pool – Medium Term (LGIP-MT), Local Government Investment Pool – Medium Term FF&C (LGIP-MT GOV), Local Government Investment Lehman Brothers, and the Central Arizona Water Conservation District, an Individual Investment Account. Although reported as Investment Trust Funds and Agency Funds by the Treasurer, these funds become a part of the State of Arizona’s governmental, proprietary, and fiduciary fund categories at the combined statewide level. Fund Accounting - The Treasurer’s accounts are maintained in accordance with the principles of fund accounting to ensure that limitations and restrictions on the Treasurer’s available resources are observed. The principles of fund accounting require that resources be classified for accounting and reporting purposes into funds in accordance with the activities or objectives specified for those resources. Accordingly, the abovedescribed financial transactions have been recorded and reported in the Investment Trust Funds and Agency Funds. A description of the fund types follows. The Investment Trust Funds account for pooled and non-pooled assets held and invested by the Treasurer on behalf of state agencies and other governmental entities using the economic resources measurement focus. The Agency Funds are custodial in nature and do not present results of operations or have a measurement focus. These funds are used to account for assets that the Treasurer holds for state departments, agencies, commissions, boards, and other governments in an agency capacity. Basis of Accounting - The financial statements of the Investment Trust Funds and Agency Funds are presented on the accrual basis of accounting. Revenues or receivables are recognized when they are earned, and expenses or liabilities are recognized when they are incurred. The purchase and sale of units consists of transfers of units between different investment pools in addition to external purchases and sales transactions. Net Position Value - The Treasurer’s Investment Policy requires the following. For the LGIP and the LGIPGOV pools, the portfolio manager shall strive to maintain a Net Position Value of $1.00 for the pool. For the LGIP-MT and LGIP-MT GOV pools, the portfolio manager does not strive to maintain a Net Position Value of $1.00 for the pool because securities purchased have longer term maturity dates and are thus more susceptible to changing market conditions. For the Local Government Investment Lehman Brothers, the 10 STATE OF ARIZONA OFFICE OF THE TREASURER NOTES TO FINANCIAL STATEMENTS JUNE 30, 2017 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cont’d) securities held for this pool are in chapter 11 bankruptcy. However, there is still a market for these securities and the Net Position Value reflects the change in value from the previous fiscal year-end with the current fiscal year-end. Allocation Method for Endowment Land Earnings Funds 101-114 – The Arizona Constitution, Article X, Section 7, requires the Treasurer to invest and distribute Endowment Land Trust monies derived from the sale of state lands for certain state beneficiaries. Accordingly, the Treasurer maintains the following Endowment Land Trust pools: The State of AZ Pool 201 (S&P 500), the State of AZ Pool 203 (S&P 400), the State of AZ Pool 204 (S&P 600), the State of AZ Pool 205 (Fixed Income) and the State of AZ Pool 123 (ST Fixed Income). The state beneficiaries of the Endowment Land Trust are presented by fund as the Endowment Land Earnings Funds 101-114 in Note 2 Composition of Investment Pools and the Individual Investment Account on pages 25-29. The Endowment Land Earnings Funds are permanent funds. Fund cost in Note 2 is presented and allocated based on historical cost for each of these funds in proportion to total amounts invested in pools 201 through 205 and pool 123. Fund fair value in Note 2 is presented based on current fair value of pools 201 through 205 and pool 123 allocated based on shares for each of these funds in proportion to the total funds invested in pools 201 through 205 and pool 123. NOTE 2 – ASSETS Deposits and Investments - Arizona Revised Statutes (A.R.S.) §§35-312 through 35-314 authorize the Treasurer to invest operating, trust, and permanent endowment fund monies in permitted investments. A.R.S. and the Treasurer’s Investment Policies designed to administer the statutes restrict investments to obligations of the U.S. Government and its agencies; obligations or other evidence of indebtedness of the state and certain local government subdivisions; negotiable certificates of deposit; bonds, debentures and notes issued by entities which are U.S. dollar denominated; commercial paper issued by entities which are U.S. dollar denominated; bankers acceptances; collateralized repurchase agreements; money market mutual funds; exchange traded funds; equities; and other securities. The investment pool or fund is designed in a manner which may not permit all such investments to be made. In accordance with the requirements of the statutes, deposits and investments at June 30, 2017 included collateralized repurchase agreements, bills, notes, and other obligations of the U.S. government and its agencies, Federal Deposit Insurance Corporation (FDIC) and negotiable certificates of deposit, corporate notes, corporate asset backed securities, corporate mortgage backed securities, commercial paper, money market mutual funds, municipal bonds, and equities of the S&P 400, S&P 500 and S&P 600 indexes (combined in the security category equities). The general disclosure requirements for deposit and investment policies for custodial credit risk, credit risk, concentration of credit risk and interest rate risk are set forth in the analysis of each area below. Arizona statutes do not allow foreign investments unless the investment is denominated in U.S. dollars. 11 STATE OF ARIZONA OFFICE OF THE TREASURER NOTES TO FINANCIAL STATEMENTS JUNE 30, 2017 NOTE 2 – ASSETS (Cont’d) Custodial Credit Risk – Deposits and Investments Custodial credit risk for deposits, including non-negotiable certificates of deposit, is the risk that, in the event of the failure of a depository financial institution, the deposits or collateral securities may not be recovered from an outside party. Custodial credit risk for investments is the risk that, in the event of the failure of the counterparty to a transaction, the value of the investment or collateral securities that are in the possession of an outside party may not be recovered. In accordance with A.R.S. and the Treasurer’s Investment Policy, deposits are held in an eligible depository with its principal place of business in the United States which is insured by the FDIC. The statute further authorizes the Treasurer to enter into an agreement with the trust department of any bank authorized to do business in this state for safekeeping and handling of securities. The safekeeping and handling of investments are conducted through a bank trust department authorized to do business in this state. Securities received by the custodian are held in the Treasurer’s name in book-entry form. Also, the securities custodian is not the counterparty. Underlying collateral securities for deposits, repurchase agreements, and tri-party repurchase agreements are held by the bank trust department and pledged on behalf of the State Treasurer’s Office. Deposits, repurchase agreements, and tri-party repurchase agreements on deposit in the bank that are in excess of the FDIC insured amounts are collateralized at no less than 102%. Investments A.R.S. and the Treasurer’s Investment Policy define the types of securities authorized as appropriate investments and the conditions for making investment transactions. The securities are reported at fair value on the Statement of Fiduciary Net Position. In addition, securities are reported in aggregate, by pool and fund, under the Composition of Investment Pools and the Individual Investment Account disclosure for cost and fair value amount. The State Treasurer's Office invests in SEC-registered investment company shares that have readily available share prices. Fair values of securities are determined using State Street prices. State Street obtains prices from independent industry recognized data vendors who provide values that are either exchange based or based on an evaluated bid. Equities are priced utilizing the primary exchange closing price. All bonds are priced using an evaluated bid, except securities with a remaining maturity of 90 days or less are priced at amortized cost (amortizing premium/accreting discount on a straight-line to maturity method). The evaluated bid is based on a compilation of primary observable market information or a broker quote in a non-active market. There is no income from investments associated with one fund that is assigned to another fund. 12 STATE OF ARIZONA OFFICE OF THE TREASURER NOTES TO FINANCIAL STATEMENTS JUNE 30, 2017 NOTE 2 – ASSETS (Cont’d) As of June 30, 2017, the Treasurer’s Office had the following investments: Commercial Paper Corporate Asset Backed Securities Corporate Mortgage Backed Securities Corporate Notes FDIC Certificates of Deposit Money Market Mutual Funds Municipal Bonds Negotiable Certificates of Deposit Repurchase Agreements U.S. Agency Asset Backed Securities Full Faith U.S. Agency Mortgage Backed Securities (MBS) U.S. Agency Mortgage Backed Securities Full Faith U.S. Agency Securities U.S. Agency Securities Full Faith U.S. Treasury Securities Equities $ 1,398,670,190 313,477,881 126,571,681 1,749,848,805 23,945,475 164,516,097 261,691,235 107,050,180 2,120,617,428 33,808,695 1,181,061,778 467,529,873 831,278,665 225,884,522 2,171,118,613 3,364,847,172 TOTAL INVESTMENTS $ 14,541,918,290 Credit Risk Credit risk is the risk that an issuer or other counterparty to an investment will not fulfill its obligation to the holder of the investment. A.R.S. and the Treasurer’s Investment Policy require that commercial paper must be rated by at least two nationally recognized statistical rating organizations (NRSRO’s) and that the ratings assigned by at least two of the NRSRO’s be of the two highest rating categories for short-term obligations. Corporate bonds, debentures, notes, negotiable certificates of deposit, and municipal bonds must carry an investment grade rating by any NRSRO. For securities of or any other interests in any open-end management type investment company or investment trust including exchange traded funds, the underlying investments must be securities which are allowable under A.R.S. There is no statute or investment policy on ratings or credit quality for obligations issued by the U.S. government or its agencies or repurchase agreements. The underlying securities for repurchase agreements are implicitly guaranteed by the U.S. government, as some are collateralized with U.S. Agency securities. The rating for the LGIP pool as of June 30, 2017, is AAAf/S1+. The other investment pools are not rated by a NRSRO. The investments within all pools are rated, monitored and reported monthly. 13 STATE OF ARIZONA OFFICE OF THE TREASURER NOTES TO FINANCIAL STATEMENTS JUNE 30, 2017 NOTE 2 – ASSETS (Cont’d) The following table presents the ratings with the greatest degree of risk for each investment type as of June 30, 2017, using Standard and Poor’s rating scale: CREDIT RISK - CREDIT QUALITY (in thousands) INVESTMENT TYPE FAIR VALUE Commercial Paper $ 1,398,670 AAA AA A 313,478 Corporate MBS 126,572 126,572 1,749,849 55,817 Money Market Mutual Fds 164,516 164,516 Municipal Bonds 261,691 109,130 Negotiable Cert. of Deposit 107,050 27,050 Repurchase Agreements 935,000 935,000 1,181,062 1,181,062 U.S. Agency MBS U.S. Agency Securities $ 831,279 $ 7,069,167 B A-1 Not Rated $ 1,398,670 Corporate Asset Backed Corporate Notes BBB $ 254,268 $ $ 337,139 $ 130,157 23,794 807,485 734,097 $ 3,417,893 967,012 2,344 374,828 56,866 $ 13,196 $ 1,857 $ 1,857 22,404 80,000 $ 989,416 $ 377,172 $ 13,196 $ 1,535,536 Although the U.S. Agency Securities listed in the table are not backed by the full faith and credit of the federal government, investors generally treat agency securities as if they have negligible credit risk. Because of the importance of the agencies in promoting public policy, there is a widespread view that the federal government would prevent an agency or government-sponsored enterprise from defaulting on its debt obligations. Concentration of Credit Risk Concentration of credit risk is the risk of loss attributed to the magnitude of a government’s investment in a single issuer. Arizona statutes do not include a requirement for concentration of credit risk. The State Treasurer’s policy is to diversify the investment portfolio to minimize losses due to various circumstances, including issuer defaults; market price changes; non-earning assets; technical complications leading to a temporary lack of liquidity; or an overconcentration of assets in a specific maturity, a specific issuer, a specific geographical distribution, or a specific class of securities. The diversification policy provides that no more than five percent of the total of each pool or fund (defined as five percent of the prior month’s ending market value on the date purchased), or no more than five percent of the issues outstanding, whichever is less, shall be invested in securities issued by a single corporation and 14 STATE OF ARIZONA OFFICE OF THE TREASURER NOTES TO FINANCIAL STATEMENTS JUNE 30, 2017 NOTE 2 – ASSETS (Cont’d) At June 30, 2017, the State Treasurer’s Office had the following investments in debt securities: INVESTMENT TYPE FAIR VALUE WEIGHTED AVG MATURITY (YEARS) Commercial Paper $ 1,398,670,190 Corporate Asset Backed Securities 313,477,881 Corporate Mortgage Backed Securities 126,571,681 Corporate Notes 1,749,848,805 Money Market Mutual Funds 164,516,097 Municipal Bonds 261,691,235 Negotiable Certificates of Deposit 107,050,180 Repurchase Agreements 2,120,617,428 U.S. Agency Asset Backed Securities Full Faith 33,808,695 U.S. Agency Mortgage Backed Securities 1,181,061,778 U.S. Agency Mort. Backed Securities Full Faith 467,529,873 U.S. Agency Securities 831,278,665 U.S. Agency Securities Full Faith 225,884,522 U.S. Treasury Securities 2,171,118,613 Total Fair Value 0.10 2.42 29.28 2.70 0.01 7.27 0.12 0.01 2.06 16.94 19.38 0.90 1.15 1.42 $ 11,153,125,643 Portfolio Weighted Average 3.99 As of June 30, 2017, $2,915,287,627 or 20.1% of the portfolio were considered highly sensitive to interest rate changes: Corporate Notes with coupon tied to the London Interbank Offered Rate (LIBOR) plus/minus a fixed basis point amount which resets quarterly. $ 712,678,218 Corporate Notes - where on certain specified dates, the issuer can call the security. If the security is not called, the interest rate is increased by a specified amount. Prevailing interest rates may go up faster than the increases in the coupon interest rate. 64,274,936 Corporate Asset Backed Securities with coupon tied to LIBOR plus/minus a fixed basis point amount which resets from monthly to quarterly. 54,292,105 16 STATE OF ARIZONA OFFICE OF THE TREASURER NOTES TO FINANCIAL STATEMENTS JUNE 30, 2017 NOTE 2 – ASSETS (Cont’d) Corporate Mortgage Backed Securities – when interest rates fall, mortgages are refinanced and paid off early. The reduced stream of future interest payments diminishes the fair value of the investment. 126,571,679 U.S. Agency Asset Backed Securities Full Faith with coupon tied to Prime Index plus/minus a fixed basis point amount which resets monthly. 24,958,044 U.S. Agency Securities and U.S. Agency Securities Full Faith with coupon tied to LIBOR plus/minus a fixed basis point amount which resets from monthly to semi-annual. U.S. Agency Securities – where on certain specified dates, the issuer can call the security. If the security is not called, the interest rate is increased by a specified amount. Prevailing interest rates may go up faster than the increase in the coupon interest rate. U.S. Agency Mortgage Backed Securities and U.S. Agency Mortgage Backed Securities Full Faith – when interest rates fall, mortgages are refinanced and paid off early. The reduced stream of future interest payments diminishes the fair value of the investment. U.S. Treasury Securities with coupon tied to U.S. Treasury 3 Month Bill Money Market Yield plus/minus a fixed basis point amount which resets weekly. Total 175,679,065 8,088,415 1,648,591,654 100,153,510 $ 2,915,287,626 17 STATE OF ARIZONA OFFICE OF THE TREASURER NOTES TO FINANCIAL STATEMENTS JUNE 30, 2017 NOTE 2 – ASSETS (Cont’d) Internal Investment Pools Deposits made with the State Treasurer by State Agencies with statutory authority to invest and all General Fund monies are invested in various pooled funds. The State Agencies, the State Operating, the Permanent Endowment Land Trust pools and the Early Childhood Development and Health Board (ECDHB), a Separately Managed Account which meets the minimum deposit requirements and terms as set by the State Board of Investment as authorized by A.R.S. §35-326.01, are internal investment pools. The State Agencies Diversified – Pool 3 and the State Operating – Pool 10 are managed by both internal and external portfolio managers. The pools are not required to register (and are not registered) with the Securities and Exchange Commission (SEC) under the Dodd-Frank Act of 2010. The activity and performance of the pools are reviewed monthly by the State Board of Investment in accordance with A.R.S. §35-311. The fair value of investments is measured on a monthly basis. Participant shares are purchased and sold based on the Net Position Value of the shares. The Net Position Value is determined by dividing the fair value of the portfolio by the total shares outstanding. External Investment Pools The Local Government Investment Pool (LGIP), Local Government Investment Pool - FF&C (LGIP-GOV), Local Government Investment Pool - Medium Term (LGIP-MT) and Local Government Investment Pool – Medium Term FF&C (LGIP-MT GOV) are external investment pools. The pools are not required to register (and are not registered) with the SEC under the Dodd-Frank Act of 2010. The activity and performance of the pools are reviewed monthly by the State Board of Investment in accordance with A.R.S. §35-311. The LGIP’s share of the Lehman Brothers bond value of $39.4 million was transferred in September of 2008 to the Local Government Investment Lehman Brothers – Pool 57 due to Lehman Brothers filing for Chapter 11 bankruptcy protection on September 15, 2008. The transfer was made to provide for the decline in fair value of the Lehman Brothers securities held by the LGIP. 18 STATE OF ARIZONA OFFICE OF THE TREASURER NOTES TO FINANCIAL STATEMENTS JUNE 30, 2017 NOTE 2 - ASSETS (Cont’d) In December of 2011, the United States Bankruptcy Court for the Southern District of New York entered an order confirming the Modified Third Amended Lehman Brothers Joint Plan of Liquidation. During the current year, approximately $1.2 million was received as payout of funds being held by the Indenture Trustee for Lehman Brothers securities, with $1.1 million distributed to the participants. The payout received was allocated to participants based on the participant’s share balance and then transferred to the LGIP Pool 5 reducing the carry or cost basis in the Local Government Investment Lehman Brothers - Pool 57. As of June 30, 2017, the carry or cost basis and the fair value for the Local Government Investment Lehman Brothers - Pool 57 were $23.4 million and $2.1 million, respectively. There was a distribution in January 2017, and future distributions are generally expected every 6 months thereafter. The remaining amount to be recovered is unknown. The fair value of investments is measured on a monthly basis. Participant shares are purchased and sold based on the Net Position Value of the shares. The Net Position Value is determined by dividing the fair value of the portfolio by the total shares outstanding. The State Treasurer’s Office does not contract with an outside insurer in order to guarantee the value of the portfolio or the price of shares redeemed. The State Treasurer's Office only makes investments that are registered with the SEC or issued directly by the U.S. Treasury and federal agencies or from financial institutions which offer FDIC insured investments. The State Treasurer's Office is not an involuntary participant in another entity’s external investment pool. The State Treasurer's Office is not aware of any involuntary participation in the pools. Participants meeting the criteria established under A.R.S. §35-316 are eligible to participate in the pools and are not required to disclose the reason for requesting the account. Individual Investment Account The Central Arizona Water Conservation District (CAWCD) is reported as an individual investment account. 19 STATE OF ARIZONA OFFICE OF THE TREASURER NOTES TO FINANCIAL STATEMENTS JUNE 30, 2017 NOTE 2 - ASSETS (Cont’d) The following is summary information for the external investment pools and the individual investment account as of June 30, 2017: Local Government Investment — Pool 5 Par Commercial Paper Cost Fair Value $ 727,400,000 $ 726,643,478 $ 726,643,478 19,962,830 19,962,830 19,962,671 Corporate Asset Backed Interest Rates From To Maturity Dates From To 0.81% 1.36% 07/05/17 09/26/17 1.00 1.10 03/20/18 04/16/18 Corporate Notes 3,482,621 3,483,219 3,483,218 1.61 1.61 07/11/17 07/11/17 FDIC Certificates of Deposit 9,505,065 9,505,065 9,505,065 0.85 0.92 08/03/17 10/12/17 Money Market Mutual Funds 50,389,206 50,389,206 50,389,206 1.02 1.02 07/03/17 07/03/17 Negotiable Certificates of Dep. 42,500,000 42,500,000 42,500,000 1.19 1.70 08/21/17 09/25/17 Repurchase Agreements 268,818,221 268,818,221 268,818,221 0.00 1.09 07/03/17 07/05/17 U.S. Treasury Securities 30,000,000 29,953,473 29,953,473 0.82 0.91 08/24/17 09/07/17 $1,152,057,943 $1,151,255,492 $1,151,255,332 Local Government Investment — FF&C Pool 7 Par FDIC Certificates of Deposit $ 14,198,001 Money Market Mutual Funds Cost $ Fair Value 14,198,001 10,135,804 $ 10,135,804 Interest Rates From To Maturity Dates From To 14,198,001 0.57% 0.92% 0703/17 10/12/17 10,135,804 0.67 0.67 07/03/17 07/03/17 Repurchase Agreements 173,235,391 173,235,391 173,235,391 0.00 1.10 07/03/17 07/03/17 U.S. Treasury Securities 1,155,000,000 1,152,561,314 1,152,501,060 0.60 1.03 07/06/17 11/24/17 $1,352,569,196 $1,350,130,510 $1,350,070,256 Local Government Investment Medium Term — Pool 500 Par Commercial Paper Corporate Asset Backed $ 4,000,000 Cost $ Fair Value 3,996,211 $ Interest Rates From To Maturity Dates From To 3,996,211 1.10 1.10 08/01/17 08/01/17 40,167,505 40,158,165 40,168,222 0.92 2.25 07/07/07 05/15/24 3,500,271 3,502,554 3,499,235 1.53 1.68 12/10/45 05/15/48 Corporate Notes 187,625,000 187,812,024 187,810,745 0.88 6.00 07/08/17 06/28/22 Municipal Bonds 4,000,000 4,000,000 4,000,000 1.10 1.10 08/01/45 08/01/45 09/25/17 Corporate Mortgage Backed Negotiable Certificates of Dep. 2,500,000 2,500,000 2,500,000 1.70 1.70 09/25/17 Repurchase Agreements 32,262,841 32,262,841 32,262,841 0.00 1.15 07/03/17 07/03/17 U.S. Agency Mortgage Backed 40,461,268 41,637,660 41,719,195 1.32 6.00 07/03/17 02/01/42 U.S. Agency Mort. Backed FF U.S. Agency Securities U.S. Treasury Securities 7,617,420 7,541,790 7,477,833 1.50 2.00 05/16/42 08/16/48 26,900,000 26,843,026 26,752,957 0.00 2.15 07/27/17 07/27/22 0.88 0.88 11/30/17 11/30/17 1,000,000 999,484 998,956 $ 350,034,305 $ 351,253,755 $ 351,186,195 20 STATE OF ARIZONA OFFICE OF THE TREASURER NOTES TO FINANCIAL STATEMENTS JUNE 30, 2017 NOTE 2 - ASSETS (Cont’d) Name of Pool/Fund and Number A&M Colleges Land Earnings Fund 101 Commercial Paper Corporate Asset Backed Securities Corporate Mortgage Backed Securities Corporate Notes Money Market Mutual Funds Negotiable Certificates of Deposit Repurchase Agreements U.S. Agency Mortgage Backed Securities U.S. Agency Mort. Backed Securities Full Faith U.S. Agency Securities U.S. Agency Securities Full Faith U.S. Treasury Securities Equities Total Fund Cost $ $ State Hospital Land Earnings Fund 102 Commercial Paper Corporate Asset Backed Securities Corporate Mortgage Backed Securities Corporate Notes Money Market Mutual Funds Negotiable Certificates of Deposit Repurchase Agreements U.S. Agency Mortgage Backed Securities U.S. Agency Mort. Backed Securities Full Faith U.S. Agency Securities U.S. Agency Securities Full Faith U.S. Treasury Securities Equities Total Fund $ $ Leg., Exec., & Judicial Land Earnings Fund 103 Commercial Paper Corporate Asset Backed Securities Corporate Mortgage Backed Securities Corporate Notes Money Market Mutual Funds Negotiable Certificates of Deposit Repurchase Agreements U.S. Agency Mortgage Backed Securities U.S. Agency Mort. Backed Securities Full Faith U.S. Agency Securities U.S. Agency Securities Full Faith U.S. Treasury Securities Equities Total Fund $ $ 25 Fair Value 166,383 27,987 159,380 932,133 199,550 6,475 20 796,046 185,951 65,025 23,506 430,229 2,932,978 5,925,663 $ 126,079 21,208 120,772 706,335 151,211 4,907 15 603,214 140,906 49,273 17,812 326,011 2,077,186 4,344,929 $ 144,019 24,225 137,957 806,841 172,727 5,605 17 689,046 160,956 56,284 20,346 372,400 2,555,524 5,145,947 $ $ $ $ 297,398 50,025 284,880 1,666,122 199,550 11,574 20 1,422,877 332,374 116,227 42,015 769,003 7,834,349 13,026,414 207,522 34,907 198,787 1,162,609 151,211 8,076 15 992,874 231,928 81,102 29,318 536,605 5,322,289 8,957,243 257,198 43,263 246,372 1,440,907 172,727 10,009 17 1,230,542 287,446 100,516 36,336 665,055 6,358,529 10,848,917 STATE OF ARIZONA OFFICE OF THE TREASURER NOTES TO FINANCIAL STATEMENTS JUNE 30, 2017 NOTE 2 - ASSETS (Cont’d) Name of Pool/Fund and Number Military Institute Land Earnings Fund 104 Commercial Paper Corporate Asset Backed Securities Corporate Mortgage Backed Securities Corporate Notes Money Market Mutual Funds Negotiable Certificates of Deposit Repurchase Agreements U.S. Agency Mortgage Backed Securities U.S. Agency Mort. Backed Securities Full Faith U.S. Agency Securities U.S. Agency Securities Full Faith U.S. Treasury Securities Equities Total Fund Cost $ $ Miners Hospital Land Earnings Fund 105 Commercial Paper Corporate Asset Backed Securities Corporate Mortgage Backed Securities Corporate Notes Money Market Mutual Funds Negotiable Certificates of Deposit Repurchase Agreements U.S. Agency Mortgage Backed Securities U.S. Agency Mort. Backed Securities Full Faith U.S. Agency Securities U.S. Agency Securities Full Faith U.S. Treasury Securities Equities Total Fund $ $ Normal School ASU/NAU Land Earn. Fund 107 Commercial Paper Corporate Asset Backed Securities Corporate Mortgage Backed Securities Corporate Notes Money Market Mutual Funds Negotiable Certificates of Deposit Repurchase Agreements U.S. Agency Mortgage Backed Securities U.S. Agency Mort. Backed Securities Full Faith U.S. Agency Securities U.S. Agency Securities Full Faith U.S. Treasury Securities Equities Total Fund $ $ 26 Fair Value 9,804 1,649 9,391 54,926 11,758 382 1 46,907 10,957 3,832 1,385 25,351 179,851 356,194 $ 481,784 81,040 461,505 2,699,116 577,823 18,749 58 2,305,060 538,445 188,288 68,065 1,245,785 8,750,434 17,416,152 $ 86,267 14,511 82,636 483,297 103,464 3,357 10 412,738 96,413 33,714 12,187 223,067 1,613,390 3,165,051 $ $ $ $ 17,817 2,997 17,067 99,815 11,758 693 1 85,242 19,912 6,963 2,517 46,070 431,473 742,325 707,997 119,091 678,196 3,966,434 577,823 27,553 58 3,387,355 791,261 276,694 100,023 1,830,719 18,561,677 31,024,881 138,272 23,259 132,452 774,646 103,464 5,381 10 661,552 154,534 54,039 19,535 357,540 3,535,698 5,960,382 STATE OF ARIZONA OFFICE OF THE TREASURER NOTES TO FINANCIAL STATEMENTS JUNE 30, 2017 NOTE 2 - ASSETS (Cont’d) Name of Pool/Fund and Number Penitentiaries Land Earnings Fund 108 Commercial Paper Corporate Asset Backed Securities Corporate Mortgage Backed Securities Corporate Notes Money Market Mutual Funds Negotiable Certificates of Deposit Repurchase Agreements U.S. Agency Mortgage Backed Securities U.S. Agency Mort. Backed Securities Full Faith U.S. Agency Securities U.S. Agency Securities Full Faith U.S. Treasury Securities Equities Total Fund Cost $ 310,714 52,265 297,635 1,740,723 372,652 12,092 37 1,486,586 347,256 121,431 43,896 803,436 5,615,896 11,204,619 $ 76,448,024 12,859,211 73,230,198 428,287,446 91,687,232 2,975,085 9,131 365,759,726 85,438,797 29,876,879 10,800,279 197,677,268 1,355,366,787 $ 2,730,416,063 $ $ $ $ Perm. Common School Land Earnings Fund 109 Commercial Paper Corporate Asset Backed Securities Corporate Mortgage Backed Securities Corporate Notes Money Market Mutual Funds Negotiable Certificates of Deposit Repurchase Agreements U.S. Agency Mortgage Backed Securities U.S. Agency Mort. Backed Securities Full Faith U.S. Agency Securities U.S. Agency Securities Full Faith U.S. Treasury Securities Equities Total Fund School for Deaf & Blind Land Earnings Fund 110 Commercial Paper Corporate Asset Backed Securities Corporate Mortgage Backed Securities Corporate Notes Money Market Mutual Funds Negotiable Certificates of Deposit Repurchase Agreements U.S. Agency Mortgage Backed Securities U.S. Agency Mort. Backed Securities Full Faith U.S. Agency Securities U.S. Agency Securities Full Faith U.S. Treasury Securities Equities Total Fund 27 Fair Value $ $ 114,121 19,196 109,317 639,343 136,870 4,441 14 546,002 127,542 44,600 16,123 295,090 1,901,534 3,954,193 $ 482,784 81,208 462,463 2,704,717 372,652 18,788 37 2,309,842 539,562 188,678 68,206 1,248,369 12,451,078 20,928,384 119,555,195 20,110,206 114,522,914 669,788,259 91,687,232 4,652,663 9,131 572,002,687 133,615,644 46,723,720 16,890,292 309,142,643 3,131,095,894 $ 5,229,796,480 $ 187,908 31,608 179,999 1,052,723 136,870 7,313 14 899,031 210,007 73,437 26,547 485,887 4,425,789 7,717,133 STATE OF ARIZONA OFFICE OF THE TREASURER NOTES TO FINANCIAL STATEMENTS JUNE 30, 2017 NOTE 2 - ASSETS (Cont’d) Name of Pool/Fund and Number School of Mines Land Earnings Fund 111 Commercial Paper Corporate Asset Backed Securities Corporate Mortgage Backed Securities Corporate Notes Money Market Mutual Funds Negotiable Certificates of Deposit Repurchase Agreements U.S. Agency Mortgage Backed Securities U.S. Agency Mort. Backed Securities Full Faith U.S. Agency Securities U.S. Agency Securities Full Faith U.S. Treasury Securities Equities Total Fund Cost $ $ State Charitable Land Earnings Fund 112 Commercial Paper Corporate Asset Backed Securities Corporate Mortgage Backed Securities Corporate Notes Money Market Mutual Funds Negotiable Certificates of Deposit Repurchase Agreements U.S. Agency Mortgage Backed Securities U.S. Agency Mort. Backed Securities Full Faith U.S. Agency Securities U.S. Agency Securities Full Faith U.S. Treasury Securities Equities Total Fund $ $ University Fund Land Earnings Fund 113 Commercial Paper Corporate Asset Backed Securities Corporate Mortgage Backed Securities Corporate Notes Money Market Mutual Funds Negotiable Certificates of Deposit Repurchase Agreements U.S. Agency Mortgage Backed Securities U.S. Agency Mort. Backed Securities Full Faith U.S. Agency Securities U.S. Agency Securities Full Faith U.S. Treasury Securities Equities Total Fund $ $ 28 Fair Value 200,529 33,731 192,088 1,123,429 240,502 7,804 24 959,415 224,112 78,369 28,330 518,522 3,542,503 7,149,358 $ 2,040,938 343,303 1,955,032 11,434,019 2,447,780 79,426 244 9,764,712 2,280,965 797,625 288,336 5,277,404 35,776,030 72,485,814 $ 375,486 63,160 359,681 2,103,599 450,336 14,613 45 1,796,485 419,646 146,745 53,047 970,922 6,812,471 13,566,236 $ $ $ $ 345,591 58,131 331,044 1,936,115 240,502 13,449 24 1,653,452 386,234 135,061 48,824 893,619 8,867,835 14,909,881 3,292,321 553,797 3,153,742 18,444,688 2,447,780 128,125 244 15,751,860 3,679,519 1,286,682 465,126 8,513,197 89,232,807 146,949,888 630,240 106,012 603,712 3,530,815 450,336 24,527 45 3,015,334 704,360 246,306 89,038 1,629,657 16,150,007 27,180,389 STATE OF ARIZONA OFFICE OF THE TREASURER NOTES TO FINANCIAL STATEMENTS JUNE 30, 2017 NOTE 3 - MONIES ON DEPOSIT The State Treasurer holds monies for state agencies, other political subdivisions (primarily counties, cities, and towns), and public entities. The unaudited detail of those monies, as recorded on the Arizona Financial Information System (AFIS) at June 30, 2017, is set forth in the supplemental information section titled, “Summary of Cash on Deposit with Treasurer”. The difference between the amount presented on the summary and total liabilities and net position equity reported on the Statement of Fiduciary Net Position is the result of timing differences and other reconciling items. NOTE 4 – SECURITIES LENDING PROGRAM The State Treasurer is permitted under A.R.S. §§35-313 and 35-324 to enter into securities lending transactions. The State Treasurer’s custodial bank manages the securities lending program through a contractual agreement. At fiscal year-end, the State Treasurer had no credit risk exposure to borrowers because the amount the State Treasurer owes to the borrowers exceeds the amount the borrowers owe the State Treasurer. All securities are eligible for loan, but equities and U.S. Treasuries comprise a majority of securities that are on loan. There are no restrictions on the dollar amount of security loans that may be made by the State Treasurer. Securities are loaned for collateral that may include cash (U.S. currency), U.S. and non-U.S. equities and other assets permissible under Rule 15c3-3 under the Securities Exchange Act of 1934. Securities are loaned for collateral valued at not less than 102% of the market value of the securities loaned at the close of trading on the preceding business day. Investments made with cash collateral are done on an individual investment pool basis and are restricted to the limitations for that investment pool set forth in the State Treasurer’s Investment Policy, except for investments made for the Endowment equity pools 201, 203 and 204 which are presented in the Note 2 in the Endowment Land Earnings Funds 101-114 as Equities. Permitted investments for these equity pools include those investments authorized in section IV of the State Treasurer’s Investment Policy. Cash collateral investments include: A) obligations issued or guaranteed by the United States or any of its agencies, sponsored agencies, corporations, sponsored corporations or instrumentalities including repurchase and tri-party repurchase agreements collateralized at no less than 102% by securities,100% by cash, and 102% by mortgage-backed securities, B) U.S. 2a-7 money market mutual funds which are SEC regulated and rated in the highest category by at least one NRSRO. The State Treasurer records the cash collateral received as an asset and the same amount as an obligation under security loan agreements. As of June 30, 2017, the cost and fair value of securities on loan were $518.0 million and $548.4 million, respectively. The associated fair value of the invested collateral was $560.7 million, of which $86.0 million was invested cash collateral. All securities loans can be terminated on demand by either the State Treasurer or the borrower. For the cash collateral investments, the weighted average maturity was 1 day. The State Treasurer 30 STATE OF ARIZONA OFFICE OF THE TREASURER NOTES TO FINANCIAL STATEMENTS JUNE 30, 2017 NOTE 4 – SECURITIES LENDING PROGRAM (Cont’d) does not have the ability to pledge or sell the non-cash collateral unless there is a borrower default. The State Treasurer is indemnified against gross negligence, bad faith, or willful misconduct and borrower default by the lending agent. There were no borrower defaults during the current fiscal year. At June 30, 2017, the State Treasurer had $86.0 million outstanding as payable for securities lending, and the following securities on loan were uninsured and held by the bank trust department not in the Treasurer’s name as follows: Corporate Notes U.S. Treasury Securities Equities TOTAL FAIR VALUE $ $ 1,073,884 292,939,186 170,527,277 464,540,347 NOTE 5 – CUSTODIAL SECURITIES In accordance with A.R.S., various state agencies deposit securities with the Treasurer for safekeeping. The following agencies had securities in safekeeping with the Treasurer in the form of U.S. government and agency securities, certificates of deposit, letters of credit, municipal and corporate bonds, money market mutual funds and cash, and surety bonds at June 30, 2017. Par Amount State Agency Description Department of Insurance Industrial Commission State Mine Inspector State Treasurer State Treasurer Department of Financial Institutions State Treasurer State Treasurer Land Department Department of Real Estate Department of Transportation Arizona Geological Survey Department of Environmental Quality Insurance Company Premium Bonds Worker's Compensation Self Insurance Mine Reclamation Performance Bonds Deposits in Lieu of Auto Insurance Contracted Fund Raiser Bonds Mortgage Brokers, Mortgage Bankers, and Escrow Agent Bonds Telephone Solicitor Bonds Discount Buying Organization Bonds Mining / Land Use Performance Bonds Real Estate License Performance Bonds Aircraft Dealer Bonds Oil and Gas Drilling Bonds Aquifer Protection Permit TOTAL CUSTODIAL SECURITIES $ 399,297,055 70,985,102 68,593,848 4,297,679 3,125,000 2,757,502 3,875,000 1,080,000 3,088,219 30,000 100,000 10,000 936,388 $ 558,175,793 Custodial securities and other assets summarized above are not included in the Statement of Fiduciary Net Position because they are held by the Treasurer for safekeeping only. 31 SUPPLEMENTAL INFORMATION EXTERNAL INVESTMENT POOLS FINANCIAL STATEMENTS STATE OF ARIZONA OFFICE OF THE TREASURER LOCAL GOVERNMENT INVESTMENT POOL (LGIP) STATEMENT OF FIDUCIARY NET POSITION JUNE 30, 2017 External Participants __________________ Internal Participants _________________ Total Pool _______________ Assets Cash in bank and on hand Investments in securities, at fair value $ 1,166,515 Total assets - $ 1,166,515 1,115,505,342 35,749,990 1,151,255,332 - - - 192,064 6,171 198,235 1,116,863,921 35,756,161 1,152,620,082 64,166 2,062 66,228 1,453 47 1,500 - - - 65,619 2,109 67,728 35,754,052 $ 1,152,552,354 35,754,052 1,152,552,354 Securities lending collateral investments Accrued interest and other receivables $ Liabilities Management fees payable Other fees payable Obligations under security loan agreements Total liabilities Net position held in trust Net position consists of: Participant shares outstanding Participant net position value per share (net position/shares outstanding) $ 1,116,798,302 1,116,798,302 $1.00 35 $ $1.00 $1.00 STATE OF ARIZONA OFFICE OF THE TREASURER LOCAL GOVERNMENT INVESTMENT POOL (LGIP) STATEMENT OF OPERATIONS YEAR ENDED JUNE 30, 2017 External Participants __________________ Internal Participants __________________ Total Pool _________ Revenues Interest income $ 8,486,965 $ 273,658 $ 8,760,623 Net increase (decrease) in fair value (5,802) (187) (5,989) Income from securities lending activities: Gross earnings Rebates (paid) received Less fees Net income from securities lending activities 4,338 (205) (1,223) 2,910 140 (7) (39) 94 4,478 (212) (1,262) 3,004 Total revenues 8,484,073 273,565 8,757,638 682,822 22,017 704,839 17,438 562 18,000 700,260 22,579 722,839 Expenses Management fees Other fees Total expenses Net investment income (loss) $ 7,783,813 $ 250,986 $ 8,034,799 STATE OF ARIZONA OFFICE OF THE TREASURER LOCAL GOVERNMENT INVESTMENT POOL (LGIP) STATEMENT OF CHANGES IN FIDUCIARY NET POSITION YEAR ENDED JUNE 30, 2017 External Participants __________________ Net increase (decrease) in net position from operations Allocation to pool participants $ 7,783,813 Internal Participants __________________ $ 250,986 Total Pool _________ $ 8,034,799 (7,783,813) (250,986) (8,034,799) 2,795,054,194 7,795,737 (2,733,602,526) 878,307 68,786,020 251,370 (111,266,498) 186,058 2,863,840,214 8,047,107 (2,844,869,024) 1,064,365 Share transactions at net position value of $1.00: Purchase of units Reinvestment of interest Sale of units Transfer of units from pool 57 Net increase (decrease) in net position resulting from share transactions 70,125,712 (42,043,050) 28,082,662 Net position Beginning of period End of period 1,046,672,590 $ 1,116,798,302 36 $ 77,797,102 1,124,469,692 35,754,052 $ 1,152,552,354 STATE OF ARIZONA OFFICE OF THE TREASURER LOCAL GOVERNMENT INVESTMENT POOL - FF&C (LGIP-GOV) STATEMENT OF FIDUCIARY NET POSITION JUNE 30, 2017 External Participants ___________________ Internal Participants __________________ Total Pool _________ $ 1,322,569,582 $ 27,500,674 - - - 30,305 630 30,935 1,322,599,887 27,501,304 1,350,101,191 61,765 1,284 63,049 - - - 61,765 1,284 63,049 $ 1,322,538,122 $ 27,500,020 1,322,538,122 27,500,020 Assets Investments in securities, at fair value Securities lending collateral investments Accrued interest and other receivables Total assets $ 1,350,070,256 Liabilities Management fees payable Obligations under security loan agreements Total liabilities Net position held in trust Net position consists of: Participant shares outstanding Participant net position value per share (net position/shares outstanding) $1.00 37 $1.00 $ 1,350,038,142 1,350,038,142 $1.00 STATE OF ARIZONA OFFICE OF THE TREASURER LOCAL GOVERNMENT INVESTMENT POOL - FF&C (LGIP-GOV) STATEMENT OF OPERATIONS YEAR ENDED JUNE 30, 2017 External Participants __________________ Internal Participants __________________ Total Pool _________ Revenues Interest income $ Net increase (decrease) in fair value Income from securities lending activities: Gross earnings Rebates (paid) received Less fees Net income from securities lending activities Total revenues 6,388,920 $ 144,686 $ 6,533,606 (310,348) (7,028) (317,376) 121,430 (3,430) (72,099) 45,901 2,750 (78) (1,633) 1,039 124,180 (3,508) (73,732) 46,940 6,124,473 138,697 6,263,170 Management fees 633,863 14,355 648,218 Total expenses 633,863 14,355 648,218 Expenses Net investment income (loss) $ 5,490,610 $ 124,342 $ 5,614,952 STATE OF ARIZONA OFFICE OF THE TREASURER LOCAL GOVERNMENT INVESTMENT POOL - FF&C (LGIP-GOV) STATEMENT OF CHANGES IN FIDUCIARY NET POSITION YEAR ENDED JUNE 30, 2017 External Participants __________________ Net increase (decrease) in net position from operations $ Allocation to pool participants 5,490,610 Internal Participants __________________ $ 124,342 Total Pool _________ $ 5,614,952 (5,490,610) (124,342) (5,614,952) 1,864,591,270 5,757,773 (1,751,965,714) 62,011,575 130,392 (60,866,563) 1,926,602,845 5,888,165 (1,812,832,277) Share transactions at net position value of $1.00: Purchase of units Reinvestment of interest Sale of units Net increase (decrease) in net position resulting from share transactions 118,383,329 1,275,404 119,658,733 1,204,154,793 26,224,616 1,230,379,409 27,500,020 $ 1,350,038,142 Net position Beginning of period End of period $ 1,322,538,122 38 $ STATE OF ARIZONA OFFICE OF THE TREASURER LOCAL GOVERNMENT INVESTMENT - MEDIUM TERM POOL (LGIP-MT) STATEMENT OF FIDUCIARY NET POSITION JUNE 30, 2017 External Participants __________________ Internal Participants _________________ Total Pool _______________ Assets Cash in bank and on hand $ Investments in securities, at fair value 983,471 $ - $ 983,471 326,611,854 24,574,341 351,186,195 Securities lending collateral investments 570,570 42,930 613,500 Accrued interest and other receivables 865,343 65,109 930,452 329,031,238 24,682,380 353,713,618 14,586 1,097 15,683 570,570 42,930 613,500 4,650,124 349,876 5,000,000 5,235,280 393,903 5,629,183 24,288,477 $ 348,084,435 23,566,909 336,789,208 Total assets Liabilities Management fees payable Obligations under security loan agreements Purchased securities payable Total liabilities Net position held in trust Net position consists of: Participant shares outstanding Participant net position value per share (net position/shares outstanding) $ 323,795,958 313,222,299 $1.03 39 $ $1.03 $1.03 STATE OF ARIZONA OFFICE OF THE TREASURER LOCAL GOVERNMENT INVESTMENT - MEDIUM TERM POOL (LGIP-MT) STATEMENT OF OPERATIONS YEAR ENDED JUNE 30, 2017 External Participants __________________ Internal Participants __________________ Total Pool _________ Revenues Interest income $ Net increase (decrease) in fair value Income from securities lending activities: Gross earnings Rebates (paid) received Less fees Net income from securities lending activities Total revenues 4,288,384 $ 225,997 $ 4,514,381 (1,943,845) (102,440) (2,046,285) 10,380 (5,678) (3,927) 775 547 (299) (207) 41 10,927 (5,977) (4,134) 816 2,345,314 123,598 2,468,912 Management fees 150,921 7,954 158,875 Total expenses 150,921 7,954 158,875 Expenses Net investment income (loss) $ 2,194,393 $ 115,644 $ 2,310,037 STATE OF ARIZONA OFFICE OF THE TREASURER LOCAL GOVERNMENT INVESTMENT - MEDIUM TERM POOL (LGIP-MT) STATEMENT OF CHANGES IN FIDUCIARY NET POSITION YEAR ENDED JUNE 30, 2017 External Participants __________________ Net increase (decrease) in net position from operations $ Allocation to pool participants 2,194,393 Internal Participants __________________ $ 115,644 Total Pool _________ $ (115,644) (2,194,393) 2,310,037 (2,310,037) Share transactions at net position value of $1.00: Purchase of units Reinvestment of interest Sale of units Net increase (decrease) in net position resulting from share transactions 79,301,448 3,771,356 (8,470,701) 24,089,727 198,750 - 103,391,175 3,970,106 (8,470,701) 74,602,103 24,288,477 98,890,580 249,193,855 - 249,193,855 Net position Beginning of period End of period $ 323,795,958 40 $ 24,288,477 $ 348,084,435 STATE OF ARIZONA OFFICE OF THE TREASURER LOCAL GOVERNMENT INVESTMENT - MEDIUM TERM FF&C POOL (LGIP-MT GOV) STATEMENT OF FIDUCIARY NET POSITION JUNE 30, 2017 External Participants __________________ Internal Participants _________________ Total Pool _______________ Assets Investments in securities, at fair value $ 136,595,393 Securities lending collateral investments Accrued interest and other receivables Total assets $ 9,571,844 $ 146,167,237 - - - 235,173 16,480 251,653 136,830,566 9,588,324 146,418,890 6,187 434 6,621 - - - 6,187 434 6,621 Liabilities Management fees payable Obligations under security loan agreements Total liabilities Net position held in trust Net position consists of: Participant shares outstanding Participant net position value per share (net position/shares outstanding) $ 136,824,379 136,033,841 $1.01 41 $ 9,587,890 9,532,493 $1.01 $ 146,412,269 145,566,334 $1.01 STATE OF ARIZONA OFFICE OF THE TREASURER LOCAL GOVERNMENT INVESTMENT - MEDIUM TERM FF&C POOL (LGIP-MT GOV) STATEMENT OF OPERATIONS YEAR ENDED JUNE 30, 2017 External Participants __________________ Internal Participants __________________ Total Pool _________ Revenues Interest income $ Net increase (decrease) in fair value 1,970,314 $ 156,036 $ 2,126,350 (1,602,789) (126,931) (1,729,720) 7,476 (3,013) (2,732) 592 (239) (216) 8,068 (3,252) (2,948) 1,731 137 1,868 369,256 29,242 398,498 Management fees 72,988 5,780 78,768 Total expenses 72,988 5,780 78,768 Income from securities lending activities: Gross earnings Rebates (paid) received Less fees Net income from securities lending activities Total revenues Expenses Net investment income (loss) $ 296,268 $ 23,462 $ 319,730 STATE OF ARIZONA OFFICE OF THE TREASURER LOCAL GOVERNMENT INVESTMENT - MEDIUM TERM FF&C POOL (LGIP-MT GOV) STATEMENT OF CHANGES IN FIDUCIARY NET POSITION YEAR ENDED JUNE 30, 2017 External Participants __________________ Net increase (decrease) in net position from operations $ Allocation to pool participants 296,268 Internal Participants __________________ $ 23,462 Total Pool _________ $ 319,730 (296,268) (23,462) (319,730) 13,647,650 1,531,069 (11,520,277) 121,251 (1,721,718) 13,647,650 1,652,320 (13,241,995) 3,658,442 (1,600,467) 2,057,975 Share transactions at net position value of $1.00: Purchase of units Reinvestment of interest Sale of units Net increase (decrease) in net position resulting from share transactions Net position Beginning of period End of period 133,165,937 $ 136,824,379 42 11,188,357 $ 9,587,890 144,354,294 $ 146,412,269 STATE OF ARIZONA OFFICE OF THE TREASURER LOCAL GOVERNMENT INVESTMENT LEHMAN BROTHERS STATEMENT OF FIDUCIARY NET POSITION JUNE 30, 2017 External Participants __________________ Internal Participants _________________ Total Pool _______________ Assets Cash in bank and on hand $ Investments in securities, at fair value - $ - $ - 1,768,598 374,672 2,143,270 Securities lending collateral investments - - - Accrued interest and other receivables - - - 1,768,598 374,672 2,143,270 Management fees payable - - - Obligations under security loan agreements - - - - - - Total assets Liabilities Total liabilities Net position held in trust $ 1,768,598 Net position consists of: Participant shares outstanding 19,300,908 Participant net position value per share (net position/shares outstanding) $0.09 43 $ 374,672 4,088,845 $0.09 $ 2,143,270 23,389,753 $0.09 STATE OF ARIZONA OFFICE OF THE TREASURER LOCAL GOVERNMENT INVESTMENT LEHMAN BROTHERS STATEMENT OF OPERATIONS YEAR ENDED JUNE 30, 2017 External Participants __________________ Internal Participants __________________ Total Pool _________ Revenues Interest income $ Net increase (decrease) in fair value - $ - $ - 557,890 118,188 676,078 - - - 557,890 118,188 676,078 Management fees - - - Total expenses - - - Income from securities lending activities: Gross earnings Rebates (paid) received Less fees Net income from securities lending activities Total revenues Expenses Net investment income (loss) $ 557,890 $ 118,188 $ 676,078 STATE OF ARIZONA OFFICE OF THE TREASURER LOCAL GOVERNMENT INVESTMENT LEHMAN BROTHERS STATEMENT OF CHANGES IN FIDUCIARY NET POSITION YEAR ENDED JUNE 30, 2017 External Participants __________________ Net increase (decrease) in net position from operations $ 557,890 Allocation to pool participants Internal Participants __________________ $ - 118,188 Total Pool _________ $ - 676,078 - Share transactions at net position value of $1.00: Purchase of units Reinvestment of interest Sale of units Transfer of units to pool 5 Net increase (decrease) in net position resulting from share transactions (878,306) (186,059) (1,064,365) (878,306) (186,059) (1,064,365) 442,543 2,531,557 Net position Beginning of period End of period 2,089,014 $ 1,768,598 44 $ 374,672 $ 2,143,270 INDIVIDUAL INVESTMENT ACCOUNT FINANCIAL STATEMENTS STATE OF ARIZONA OFFICE OF THE TREASURER INDIVIDUAL INVESTMENT ACCOUNT STATEMENT OF FIDUCIARY NET POSITION JUNE 30, 2017 Central Arizona Water Conservation District Assets Investments in securities, at fair value $ 365,767,754 Securities lending collateral investments 92,925 Accrued interest and other receivables 885,581 Total assets 366,746,260 Liabilities Management fees payable 16,453 Obligations under security loan agreements 92,925 Total liabilities 109,378 Net position held in trust $ Net position consists of: Participant shares outstanding 366,636,882 366,078,983 Participant net position value per share (net position/shares outstanding) $1.00 46 STATE OF ARIZONA OFFICE OF THE TREASURER INDIVIDUAL INVESTMENT ACCOUNT STATEMENT OF OPERATIONS YEAR ENDED JUNE 30, 2017 Central Arizona Water Conservation District Revenues Interest Income $ Net increase (decrease) in fair value 5,443,987 (2,213,329) Income from securities lending activities: Gross earnings Rebates (paid) received Less fees Net income from securities lending activities 11,304 (6,687) (4,399) 218 Total revenues 3,230,876 Expenses Management fees 190,405 Total expenses 190,405 Net investment income (loss) $ 3,040,471 STATE OF ARIZONA OFFICE OF THE TREASURER INDIVIDUAL INVESTMENT ACCOUNT STATEMENT OF CHANGES IN FIDUCIARY NET POSITION YEAR ENDED JUNE 30, 2017 Central Arizona Water Conservation District Net increase (decrease) in net position from operations $ Allocation to pool participants 3,040,471 (3,040,471) Share transactions at net position value of $1.00: Purchase of units Reinvestment of interest Sale of units 78,124,688 5,090,437 (57,555,289) Net increase (decrease) in net position resulting from share transactions 25,659,836 Net position Beginning of period 340,977,046 End of period $ 47 366,636,882 SUMMARY OF CASH ON DEPOSIT WITH TREASURER Summary of Cash on Deposit with Treasurer Year Ended June 30, 2017 (Unaudited) AGY AGY FUND AAA 1000 GENERAL FUND ABA 1000 GENERAL FUND ADA AEA AFA 1000 1000 GENERAL FUND GENERAL FUND 1000 GENERAL FUND (562,572.79) AGA 1000 GENERAL FUND (69,325,302.18) TITLE Ending Balance 1,392,105,366.88 724,421.20 (397,617,693.48) (609,606.96) AHA 1000 GENERAL FUND (19,784,378.47) AMA 1000 GENERAL FUND (289,847.04) ANA 1000 GENERAL FUND 53,969.42 APA 1000 GENERAL FUND ASA 1000 GENERAL FUND (1,028,358,303.00) AUA 1000 GENERAL FUND (55,375,659.79) BAA 1000 GENERAL FUND 44,687.10 BBA 1000 GENERAL FUND 156,959.20 BDA 1000 GENERAL FUND 9,666,526.90 BHA 1000 GENERAL FUND 580,687.46 BNA 1000 GENERAL FUND 1,801,214.14 BRA 1000 GENERAL FUND (90,536,533.07) CAA 1000 GENERAL FUND CBA 1000 GENERAL FUND 1,064,327.68 CCA 1000 GENERAL FUND 84,770,147.01 CEA 1000 GENERAL FUND CHA 1000 GENERAL FUND (1,092,591,993.88) COA 1000 GENERAL FUND (29,491,666.98) CSA 1000 GENERAL FUND (2,942,887.00) CTA 1000 GENERAL FUND (12,899,886.91) DCA 1000 GENERAL FUND (3,044,184,985.78) DEA 1000 GENERAL FUND (1,550,870,121.52) DFA 1000 GENERAL FUND DJA 1000 GENERAL FUND DOA 1000 GENERAL FUND DTA 1000 GENERAL FUND DXA 1000 GENERAL FUND EBA 1000 GENERAL FUND (2,302,787.35) (11,858,591,294.68) - (480,862.44) 142,354.87 (89,078,116.81) 53,867.00 (32,801,145.09) 639,617.63 EDA 1000 GENERAL FUND EOA 1000 GENERAL FUND (502,337.53) EQA 1000 GENERAL FUND (1,595,741.58) 2,082,360.74 EVA 1000 GENERAL FUND FDA 1000 GENERAL FUND FOA 1000 GENERAL FUND (27,581,526.58) GMA 1000 GENERAL FUND (5,504,964.80) GSA 1000 GENERAL FUND (1,878,606.81) GVA 1000 GENERAL FUND (30,502,988.20) HCA 1000 GENERAL FUND (4,159,517,877.31) HDA 1000 GENERAL FUND HEA 1000 GENERAL FUND HGA 1000 GENERAL FUND 130,592.65 252,320.53 25,505.50 (2,584,700.00) HIA 1000 GENERAL FUND (9,450,588.86) HOA 1000 GENERAL FUND (40,314,154.69) HSA 1000 GENERAL FUND (1,276,499,360.90) IAA 1000 GENERAL FUND (168,983.65) IBA 1000 GENERAL FUND ICA 1000 GENERAL FUND 3,509,022.62 1,473,071,251.19 (3,404.05) IDA 1000 GENERAL FUND JLA 1000 GENERAL FUND (6,826,490.30) LCA 1000 GENERAL FUND (20,597,109.47) LDA 1000 GENERAL FUND (36,410,435.30) LLA 1000 GENERAL FUND 9,501,064.36 MAA 1000 GENERAL FUND (33,158,648.39) MEA 1000 GENERAL FUND 2,213,082.61 MIA 1000 GENERAL FUND (3,456,846.91) MMA 1000 GENERAL FUND (1,642,248.40) MTA 1000 GENERAL FUND NAA 1000 GENERAL FUND 194,661.70 (350,920,600.00) NBA 1000 GENERAL FUND NCA 1000 GENERAL FUND 144,163.25 NSA 1000 GENERAL FUND (435,029.76) OBA 1000 GENERAL FUND 80,808.07 OSA 1000 GENERAL FUND 324,866.20 OTA 1000 GENERAL FUND 81,008.97 PBA 1000 GENERAL FUND PEA 1000 GENERAL FUND (3,867,584.38) PHA 1000 GENERAL FUND (2,568,349.04) 49 125,326.74 479.53 Summary of Cash on Deposit with Treasurer Year Ended June 30, 2017 (Unaudited) AGY AGY FUND PIA 1000 GENERAL FUND 1,195,830.71 PMA 1000 GENERAL FUND 1,349,932.89 POA 1000 GENERAL FUND PPA 1000 GENERAL FUND PRA 1000 GENERAL FUND (493,654.32) PSA 1000 GENERAL FUND (263,503,204.92) TITLE Ending Balance 54,064.34 (2,557,315.49) PTA 1000 GENERAL FUND 236,270.26 PVA 1000 GENERAL FUND 158,459.35 RBA 1000 GENERAL FUND 111,785.20 RCA 1000 GENERAL FUND RDA 1000 GENERAL FUND (3,822,982.99) 4,260,334.24 - REA 1000 GENERAL FUND RGA 1000 GENERAL FUND 3,430,394.31 RSA 1000 GENERAL FUND (18,000,000.00) RVA 1000 GENERAL FUND SBA 1000 GENERAL FUND SDA 1000 GENERAL FUND (65,011,359.59) (638,239,047.03) 24,640,662,730.48 365,688.39 SFA 1000 GENERAL FUND SNA 1000 GENERAL FUND (25,522,892.43) SPA 1000 GENERAL FUND (283,890,437.80) (47,936,992.27) STA 1000 GENERAL FUND SYA 1000 GENERAL FUND 188,229.72 TEA 1000 GENERAL FUND 1,071,825.38 TOA 1000 GENERAL FUND (23,319,386.49) TRA 1000 GENERAL FUND 366,906,151.16 TXA 1000 GENERAL FUND (794,956.99) UAA 1000 GENERAL FUND (863,240,300.00) VSA 1000 GENERAL FUND (17,124,258.29) VTA 1000 GENERAL FUND WCA 1000 GENERAL FUND 300,493.83 (34,494,080.94) WFA 1000 GENERAL FUND WMA 1000 GENERAL FUND AAA 1029 AAA INTERCEPT AAA 1300 GNRL FIXD ASSET AAA 1600 CAPITAL OUTLAY AAA 2601 CREDIT CARD ADM AAA 2602 CREDIT CARD DIS 121,451.58 AAA 5005 CERT OF PARTICI 5,090,999.57 AAA 5040 2010A LOTTERY R ABA 2001 BRD OF ACCOUNTA (3,805.68) 3,534,693.72 10,916,494.55 425,987.54 2,819,932.25 ABA 2600 CREDIT CARD CLE 20,800.64 ADA 1107 PERSONNEL DIVIS 3,968,955.67 ADA 2000 FED GRANTS 735,930.15 ADA 2001 DOA AOADA 44,748.90 ADA 2025 ADOA DONATIONS 49,964.72 ADA 2122 ST LOTTERY ADA 2152 INFORMATION TEC 3,098,221.60 ADA 2176 DOA 911 EMERG T 8,044,036.85 ADA 2226 AIR QUALITY 932,615.82 ADA 2261 STEMPLOYEE RIDE 797,080.37 ADA 2338 STMONUMENT AND 219,450.00 ADA 2453 STTRAFFIC AND P ADA 2500 INTERAGY SVC AG ADA 2503 ADOA SPECIAL EV ADA 2531 STWEB PORTAL ADA 2566 AUTOMATION PROJ ADA 2599 TRANSPARENCY WE ADA 2600 CREDIT CARD CLE ADA 2950 STIMULUS SW ADM ADA 2999 FED ECONOMIC RE ADA 3015 SPECIAL EMPLOYE ADA 3035 ERE BENEFITS AD 4,224,219.88 ADA 3127 LEGIS-EXEC-JUDI 4,264,263.09 ADA 3171 OIL OVERCHARGE ADA 4203 ADMIN - AFIS II 1,148,185.42 ADA 4204 MOTOR POOL REVO 2,549,451.50 ADA 4208 SPECIAL SVCS ADA 4213 CO-OP ST PURCH ADA 4214 SURPLUS PROPERT ADA 4215 SURPLUS PROPERT 79,765.84 ADA 4216 RISK MANAGEMENT 77,809,955.01 ADA 4219 CONSTRUCTION IN 16,472,223.16 ADA 4220 AFIS Collection - 50 4,468.22 3,632,897.04 2,166.50 5,589,705.84 42,811,815.05 32,015.74 175.00 571,496.49 152,831,911.14 231,291.72 321,912.56 1,278,025.72 695,374.49 302,110.89 Summary of Cash on Deposit with Treasurer Year Ended June 30, 2017 (Unaudited) AGY AGY FUND ADA 4230 AUTOMATION OPER 14,810,350.40 ADA 4231 TELECOMMUNICATI 1,099,313.32 ADA 5010 PLTO COLLECTION AEA 2000 FED GRANTS 41,989.05 AEA 2061 RADIATION CERTI 61,896.32 AEA 2138 NUCLEAR EMERGEN 7,251.94 AEA 2388 LASER SAFETY 3,486.77 AEA 2500 ISA FUND AEA 2554 RADIATION REGUL AGA 2000 FEDERAL FUND AGA 2130 ARRF-OPERATING 7,273,427.75 AGA 2131 ARRF-PASS THRU 13,959,996.23 AGA 2132 ARRF-CASES AGA 2361 APAAC AGA 2362 CJEF AGA 2445 AID TO INDIGENT AGA 2500 IGA 2,312,657.58 AGA 2573 CRRRF-RESTITUTE 7,477,827.74 AGA 2574 CRRRF-REMEDIATE 8,087,980.73 AGA 2657 ISA-OPERATING 2,219,874.09 AGA 3102 AG TRUST FUND 3,681,961.79 AGA 3181 COTF-OPERATING 4,629,483.17 AGA 3182 COTF-PASS THRU 14,257,126.66 AGA 3211 CERF-OPERATING 824,283.58 AGA 3212 CERF-PASS THRU 187,407.99 AGA 3213 CERF-SUSPENSE AGA 3217 ICAC AGA 3461 COLORADO RIVER AGA 4216 RISK MANAGEMENT 787,498.39 AGA 4240 LSCAF 387,920.52 AGA 5361 MOTOR CARRIER AGA 6211 CPFRF AGA 6212 CPFRF-RESTRICT 2,765,305.13 AGA 6311 ANTITRUST 1,088,893.88 AGA 7361 CRIM CASE PROC AGA 7511 VICTIMS RIGHTS AGA 7561 VICTIMS WITNESS AGA 9001 INDIRECT COST 4,671,337.56 AGA 9006 PRV SUSPENSE FD 4,813,043.46 AHA 1239 AGRICULTURAL CO 31,304.64 AHA 2000 FED GRANTS AHA 2012 COMMERCIAL FEED AHA 2022 STEGG INSPECTIO AHA 2050 Pest Management AHA 2051 PESTICIDE 679,079.81 AHA 2054 DANGEROUS PLANT 105,575.63 AHA 2064 SEED LAW 236,926.51 AHA 2065 LIVESTOCK CUSTO 261,852.51 AHA 2081 FERTILIZER MATE 561,208.86 AHA 2083 BEEF COUNCIL AHA 2113 AZ FED-STINSPEC AHA 2138 NUCLEAR EMERGEN AHA 2201 AZ GRAIN RESEAR AHA 2226 AIR QUALITY AHA 2259 ICEBERG LETTUCE AHA 2260 CITRUS FRUIT AN AHA 2297 AQUACULTURE 33,712.56 AHA 2298 AZ PROTECTED NA 36,758.41 AHA 2299 AZ CITRUS AHA 2368 LEAFY GREEN MAR 469,503.30 AHA 2378 LIVESTOCK AND C 671,836.66 AHA 2381 AZ AGRICULTURE AHA 2436 AGRICULTURE ADM 56,672.76 AHA 2458 COMMODITY PROMO 12,345.03 AHA 2489 EQUINE INSPECTI 1,073.65 AHA 2500 INTERAGY SVC AG 2,924.64 AHA 2600 CREDIT CARD CLE 0.58 AHA 3011 AGRICULTURE: DE 745,223.07 508,282.35 TITLE Ending Balance - 59,719.17 1,529,033.18 3,756,644.49 393.24 661,035.11 103,039.91 198,302.77 2,067,949.08 12,250.67 37,156.27 10,696,919.30 223,488.17 1,659,468.22 5,427.35 76,190.89 461,693.74 582,623.22 2,825,209.51 49,940.24 2,123,985.60 21,986.48 235,440.61 86,097.64 64,751.78 220,353.65 87,395.55 AHA 9000 IND COST RECOVE AMA 2397 COMM OF AFRICAN ANA 2412 ACUPUNCTURE BRD ASA 1411 ASU COLLECTIONS ASA 2239 ASU COLLEGIATE 51 0.01 251.32 166,321.40 1.00 - Summary of Cash on Deposit with Treasurer Year Ended June 30, 2017 (Unaudited) AGY AGY FUND ASA 2472 TECHNOLOGY AND ASA 2573 PERFORMANCE ATA 1991 SIMS METAL MANA 36,501.28 TITLE Ending Balance - ATA 2060 AUTO THEFT AUTH 1,784,823.29 AUA 2242 AUDIT SVCS REVO 582,262.27 BAA 2583 ATHLETIC TRAINI 186,000.35 BBA 2007 BRD OF BARBERS BDA 1997 MORTGAGE RECOVE BDA 1998 FINANCIAL SVCS BDA 2126 BANKING DEPT RE 185,612.61 BDA 2270 BRD OF APPRAISA 486,370.42 BDA 2500 INTERAGY SVC AG BDA 2600 CREDIT CARD BDA 3023 DEPT RECEIVERSH 2,170,301.69 BFA 2435 BRD OF FINGERPR 2,363,265.15 BHA 2256 BRD OF BEHAVIOR 2,044,889.27 BNA 2000 FED GRANTS BNA 2025 DONATIONS GIFTS BNA 2044 NURSING BRD BNA 2600 CREDIT CARD CLE BRA 2000 FED GRANTS BRA 2122 Lottery Fund BRA 2472 TECH INITIATIVE BRA 3042 UNIV CAP IMP LE BRA 3131 A&M COLLEGE LAN BRA 3132 MILIT INST LAND BRA 3134 UNIV LAND EARNI BRA 3136 NORML SCHL LAND CAA 1237 AZ JOB TRAINING CAA 2498 CEDC LOCAL COMM CAA 2547 AZ COMMERCE AUT CAA 2548 AZ COMPETES CBA 2017 BRD OF COSMETOL 8,372,747.99 CCA 2000 FED GRANTS 3,790,305.31 CCA 2076 UTILITY SITTING CCA 2172 UTI REGUL REVLV CCA 2174 PIPELINE SFTY R 144,156.48 CCA 2175 RUCO ASSESSMT R 597,243.79 CCA 2264 SECURITY REGULA 982,495.74 CCA 2321 UTILITY SURETY 430.00 CCA 2333 PUBLIC ACCESS 1,753,425.60 CCA 2334 MONEY ON DEMAND CCA 2404 SECURITIES-INVE CCA 2500 ISA AND IGA CCA 2548 AZ COMPETES CCA 2600 CREDIT CARD CLE CCA 3043 AZ ARTS TRUST CCA 3180 CRT ORD TRUST A CCA 3888 OEOO 3888 113,184.67 CDA 2000 FED GRANT 8,878,031.65 CDA 2542 PROGRAM ACCOUNT CDA 2543 ADMIN COSTS ACC CDA 2544 PRIVATE GIFTS A 187,969.65 CDA 2545 OTHR GRANT MONI 354,902.94 CEA 2010 BRD OF CHIROPRA CHA 2000 FED GRANTS CHA 2162 Abuse Prev CHA 2173 Fam Training 79,394.47 CHA 2192 CHILD PASSNG RE 75,441.65 CHA 3145 ECON SEC DONATI 2,787.28 CHA 3152 ECON SECURITY C 4,961,863.09 CHA 4216 RISK MANAGEMENT CLA 4001 COLISEUM CNA 2346 CONST ETHICS-80 308,839.90 CNA 2347 CONST ETHICS-20 187,003.52 COA 2246 JUDICIAL COLLEC 103,309.78 COA 2539 COA COLLECTION 326,504.19 CRA 2000 FED GRANTS CRA 2013 COTTON RESEARCH CSA 2025 DONATIONS CSA 2319 CHARTR AZ ONLIN CSA 2568 NEW CHARTR APPL 78,230.10 CTA 2246 JUDICIAL COLLEC 80,414.46 697,306.33 2,397,129.01 11,879,764.68 2,860.00 273.43 21,978.48 4,123,303.76 (1,609.00) 788,239.35 1.00 0.83 2,325.05 0.03 489,167.32 12,459.50 30,673,724.81 1,684,937.30 36,801,762.49 49,205.96 16,940,490.30 528,263.77 1,700,040.11 6,331.99 1,101,027.28 3,103.10 858,740.43 310,236,185.51 64,969,133.08 216,318.04 10,654,134.99 1,542,698.90 686,213.72 5,285,534.38 4,762,467.97 5,491.14 52 - Summary of Cash on Deposit with Treasurer Year Ended June 30, 2017 (Unaudited) AGY AGY FUND CTA 2500 ISA DCA 2000 FED GRANTS DCA 2088 CORRECTIONS DCA 2107 ST CORRECTL EDU 994,540.43 DCA 2204 DOC ALCOHOL ABU 1,261,816.36 DCA 2379 TRANSITION PROG 1,748,912.77 DCA 2395 COMMNTY CORRECT DCA 2428 PRISONER SPENDA DCA 2449 EMPLOYEE RECOGN DCA 2500 ISA 2,743,903.10 DCA 2504 PRISON CONSTRCT 7,552,795.94 DCA 2505 INMATE STORE PR 3,599,714.64 DCA 2515 ST DOC REVLV-TR 1,860,267.34 DCA 2551 DOC BUILDG RENW 5,626,655.01 DCA 2600 CREDIT CARD CLE DCA 3140 PENITENTIARY LA 3,568,104.63 DCA 3141 ST CHAR LAND EA 4,189,515.28 DCA 3147 DOC DONATIONS DCA 3187 DOC SPECIAL SVC 7,687,543.09 DCA 4002 AZ CORRCTNL REV 12,446,399.29 DCA 4216 RISK MANAGEMENT DCA 9000 IND COST RECOVE DEA 1030 SW COST ALLOCAT DEA 2000 FED GRANTS DEA 2019 DDC TRUST FD DEA 2066 DES SPECIAL ADM DEA 2091 DES - CSE ADMIN DEA 2093 MENTAL RETARDAT DEA 2160 DOMESTIC VIOLEN DEA 2162 CHILD ABUSE PRE - DEA 2173 CHILD FAM SVCS - DEA 2192 CHILD PASSNG RE DEA 2217 PUBLIC ASSIST C DEA 2224 LTC SYSTEM DEA 2225 LTC SYSTEM-MATC DEA 2335 SPINAL HEAD INJ 3,568,796.76 DEA 2348 NEIGHB HELPING 36,777.19 DEA 2449 EMPLOYEE RECOGN DEA 2500 INTERAGY SVC AG DEA 2502 TANF AND CCDF C DEA 3034 BUDGET STABILIZ DEA 3145 ECON SEC DONATI DEA 3146 DD CLIENT INVES DEA 3152 ECON SECURITY C 16,265.60 DEA 3193 REV FR STOR LOC 2,199,134.98 DEA 3207 SPECIAL OLYMPIC DEA 4003 INDSTR FOR BLND DEA 4250 Lottery Fund DFA 2025 Private Grant DFA 2047 TELECM FOR DEAF DFA 3000 PRIVATE GRANTS DJA 2000 FED GRANTS DJA 2025 DONATIONS DJA 2281 JUV CORR CJEF D DJA 2323 JUV EDUCATION DJA 2449 EMPLOYEE RECOGN DJA 2476 JUV RESTITUTION 189,812.17 DJA 2487 ST ED SYS FOR C 404,035.41 DJA 2492 INSTRCTNL IMPRO DJA 3007 LCS Fund DJA 3024 DEPT OF JUV COR DJA 3029 ENDOWMNT LAND E TITLE Ending Balance 51,583.00 603,119.98 19,035,505.86 369,492.21 13,906,997.73 156.51 677,980.44 6,903.00 90,917.15 3,529,362.54 30,516,250.85 76,821.77 764,532.50 2,262,488.86 400,652.33 1,548,272.98 314,087.25 17,320,930.82 - 3,474.11 375,590.13 159,746.32 1,536,827.10 1,663,142.80 181,037.16 11,599.76 9,062,899.50 329,633.22 1,490.13 1,253,212.02 555,937.44 2,648.82 7,395.40 103,018.51 47,491.34 3,340,730.74 DJA 9000 IND COST RECOVE DOA 2046 BRD OF DISPENSI DTA 2005 STAVIATION DTA 2029 RARF 415,377,269.53 DTA 2030 HWY 627,610,836.57 DTA 2031 AHM 4,174,770.23 DTA 2071 EQR 3,087,434.41 DTA 2097 HFP 1,356,337.27 DTA 2108 SEF 313,696.90 DTA 2226 AQF 72,777.56 DTA 2244 ESP 1,523,026.89 280,088.20 325,537.15 6,873,254.75 53 Summary of Cash on Deposit with Treasurer Year Ended June 30, 2017 (Unaudited) AGY AGY FUND DTA 2266 CSH 1,051,141.38 DTA 2272 VIT 2,187,591.18 DTA 2285 LIE 5,691,659.41 DTA 2380 MCS DTA 2414 SLA 87,494.42 DTA 2417 HLP 59,950,797.74 DTA 2422 DUI 44,686.37 DTA 2449 ERP 26,496.80 DTA 2463 GAN 11,836.42 DTA 2500 INTERAGY SVC AG DTA 2650 Special Plate DTA 3113 HUF 120,121,762.38 DTA 3153 REV 45,033,389.09 DTA 3701 LAD 15,052,357.71 DTA 3728 UST 1,008,639.31 DTA 3737 DEP 1,661,409.34 DTA 5004 HBP 20,712,907.00 TITLE Ending Balance 58,385.45 66,296.85 1,239,058.31 DTA 5008 RBP 1,150,306.34 DXA 2020 DENTAL BRD 5,634,778.37 EBA 2399 TEACHER CERTIFI ECA 2425 CITIZN CLN ELEC EDA 1003 TEACHER CERT ACC EDA 1004 SCHL ACCNTBLTY EDA 1006 ACADEMIC CONTES EDA 1007 CHARTR SCHL STI EDA 1009 SPECIAL EDUCATN EDA 1014 SCHOOL ACCT-P301 EDA 1015 ADD SCHL D-P301 (1,275,491.96) EDA 1016 SCHL SFTY-P301 3,069,035.44 EDA 1017 CHARACTER ED-P301 EDA 2000 FED GRANTS EDA 2025 EDUCATN DONATN 56,267.30 EDA 2026 ROBERT H SEKVEN 354,667.52 EDA 2136 AZ YOUTH FARM L 161,749.06 EDA 2366 GOLDEN RLE SP EDA 2399 TEACHER CERTIFI EDA 2420 ASSISTFOR EDU EDA 2470 FAILNG SCHL TUT 900,484.15 EDA 2471 CLASSROOM SITE 73,724,546.70 EDA 2485 ENGL LRNR BONUS EDA 2492 INSTRUCTNL IMPR 1,049,098.49 EDA 2500 IGA 1,341,588.45 EDA 2522 CHARCTR EDU SP EDA 2528 SW COMPEN INSTR EDA 2531 Web Portal EDA 2534 PUPL W DISB SCH EDA 2535 ENGLISH IMMERSN EDA 2552 EDU LRNG ACCOUN EDA 2570 EMPOWMT SCHLSHP EDA 2575 Student Success EDA 2579 Lang Dev 232,261.60 EDA 2580 Prof Dev 154,919.63 EDA 2595 Dual Enrollment 410,711.94 EDA 2651 2008A ASH FOREN EDA 2999 ARRA EDA 3138 PERMNNT SCHL EA 7,963,508.54 EDA 4209 DOE INTERNAL SV 2,621,124.54 EDA 4210 EDUC COMMODITY EDA 4211 DOE PRODUCTN RV 1,080,396.25 163,460.82 26,666,074.70 13,581.66 (30,770,421.47) 21,013.10 3,567.45 8,259,223.65 8,042,406.46 (350,839.71) 8,760,822.63 56,576.00 251,516.97 - 28,286.58 7,871.23 12.76 3,258,039.44 270,393.83 2,695,937.42 - 0.03 409,238.73 EDA 9000 IND COST RECOVE 1,727,678.73 EOA 2000 FEDERAL GRANTS 52,646.72 EOA 2500 ISA FUND EOA 3888 OEO Operations 1,652,194.25 EVA 2000 AIR QUALITY FEE 8,531,212.22 EVA 2200 AIR PERMIT ADMI 9,483,118.79 EVA 2220 EMISSIONS INSPE 12,898,224.37 EVA 2240 CLN AIR IN LIEU EVA 2310 VOLUN LAWN MWR 1,658.94 EVA 2365 VOLUN VEHCL REP 3,410,491.34 EVA 2449 EMPLOYEE RECOGN EVA 2545 REGULATED SUBST EVA 3013 ELMIRAGE FLD PR 14,075.82 EVA 3014 ELMIRAGE CLSR P 29,983.90 (7,897.70) 54 3,928.08 5,903.32 - Summary of Cash on Deposit with Treasurer Year Ended June 30, 2017 (Unaudited) AGY AGY FUND EVA 3031 Emergency Respo EVA 3032 Emergency Fees EVA 3110 SOLID WASTE FE EVA 3120 CHESTER C ANTON 80,541.91 EVA 3242 RECYCLG PROG AD 3,968,561.94 EVA 3330 HAZARDS WASTE M 2,759,581.53 EVA 3401 UST REGULA ACCN - EVA 3406 MARICOPA-UST AS - EVA 3407 N MARICOPA-UST EVA 3450 UST Revolving EVA 3500 USED OIL EVA 3510 FINANCL ASSR RV EVA 3640 WQARF W OSBORN EVA 3650 WQARF W CTRL PH 52,593.29 EVA 3660 WQARF BRDWAY PA 652,689.57 EVA 3670 HONEYWELL 13 AC EVA 3680 AOC - Prepaid S EVA 3690 20th St and Fac EVA 3691 WQARF W OSBORN EVA 3810 ASARCO HELVETIA 461,548.49 EVA 4000 WTR QUALITY ASS 5,037,927.80 EVA 4010 WQARF PRIOR SIT 1.03 EVA 4100 WTR QUALITY FEE 5,813,105.92 EVA 4210 SMALL WTR SYSTE 2.41 EVA 4220 MONITORG ASSIST 1,127,842.49 EVA 4230 VOLUN REMEDIATI 264,358.24 EVA 4240 INSTITUTIONAL 63,755.07 EVA 4500 Damage claim 34,422.00 EVA 7000 ADEQ IND COST EVA 8001 ADMIN GRANTS 16,092.37 EVA 8002 AIR GRANTS 17,440.65 EVA 8003 WASTE GRANTS EVA 8004 WTR GRANTS EVA 8005 REGIONAL GRANTS EVA 8071 HAZARDS WASTE M EVA 8101 PASI F F EVA 8241 MULTI SITE MGMT 24,038.25 EVA 8302 DEFENSE DPT ENV 59,413.17 EVA 8811 PERFOR PARTNRSH EVA 9000 IND COST RECOVE EVA 9016 SRF-SDW-CAPACIT EVA 9500 DEQ IGA FAA 2225 Small Wtr Sys FAA 2311 GADA FAA 4309 CW Fee Program FAA 4310 CW Fed Loan FAA 4312 CW DS Principal 46,250,507.14 FAA 4313 CW DS Interest 9,716,282.94 FAA 4315 Debt Svc Rsv-CW 3,588,385.43 FAA 4317 CW Fees Non Pro 19,478,204.04 FAA 4319 Fin Assist - CW FAA 4320 DW DSR FAA 4321 NSF FAA 4322 DW Fees Non Pro 11,962,143.86 FAA 4324 DW Fin Asst 50,966,154.20 FAA 4332 DW DS Principal 41,433,802.69 FAA 4333 DW DS Interest 8,228,551.92 FAA 4335 DW Fed Loan FAA 5352 AFA Op Fund FDA 2026 BD OF FUNRL DIR 489,635.47 FOA 2169 ARSON DETECTION 110,653.56 FOA 2233 FEDERAL GRANTS 975,338.93 FOA 2234 OTHER FORESTRY 476,060.98 FOA 2235 INMATE FIRE 446,726.77 FOA 2361 PRE-POSITIONING FOA 2362 WILD LAND FIRE 697,971.20 FOA 2369 FEDERAL FIRES 311,318.24 FOA 2500 ISA FOA 2578 Trampoline FOA 9000 IND COST RECOVE GFA 2000 FED GRANTS GFA 2027 GM FSH GFA 2028 GM FSH RV L TITLE Ending Balance 414,554.73 178,552.77 1,491,735.47 73,249,784.43 11.31 47,481.60 781,302.81 3,292.70 190,601.96 5,805.55 80,000.00 - 65,165.42 411,750.35 1,032.10 - 10,174.05 3,063,920.77 4,951.37 294,373.83 410,724.02 13,470,682.83 314,625.11 2,065.50 162,420,528.40 2,792,757.92 - 12,869.70 79,801.57 82,242.72 42,908.07 4,594.00 209,130.08 5,147.87 21,279,101.61 1,939,862.14 55 Summary of Cash on Deposit with Treasurer Year Ended June 30, 2017 (Unaudited) AGY AGY FUND GFA 2029 WLDLF CONSRV RE GFA 2036 LAND WTR CONSRV 32,161.19 GFA 2062 CONSERVTN DEVEL 1,076,932.14 GFA 2079 WTRCRFT LICENSG 5,993,364.84 GFA 2080 WLDLF THEFT PRE GFA 2127 NON GF ENDANGER GFA 2203 CAPTL IMPRVMNT GFA 2253 OFF-HWY VEHICLE GFA 2279 WILDLIFE ENDOWM GFA 2295 G F COMMISSION GFA 2442 FIREARMS SAFETY 62,524.68 GFA 2497 AZ WLDLF CONSER 7,825,727.62 GFA 2500 ISG GFA 2536 WLDLF RESTRTN E GFA 2600 CREDIT CARD CLE GFA 2999 FED ECONO RECOV GFA 3111 G F TRUST GFA 3709 G F CALIFORNIA GFA 3711 G F FED DUCK ST 95,642.66 GFA 3712 G F BIG GAME PE 1,505,389.25 GFA 3714 G F KIABAB COOP 115,315.06 GFA 4007 G F PUBL REVOLV GFA 9000 IND COST RECOVE GHA 2000 FED GRANTS GHA 2025 DONATIONS GHA 2422 DUI ABATEMENT GHA 2479 MOTRCCL SFT EDU 191,272.99 GHA 2480 ST HWY WRKZN SF 228,997.88 GHA 2500 ISA-ST HWY 402,914.65 GHA 3200 GOVR HWY SFT CO GMA 2015 GREYHOUND GMA 2018 RACING COMM CNT GMA 2122 PRBLM GMBLG LOT GMA 2159 DPS-FBI FINGRPR GMA 2206 AZ BREEDRS AWRD GMA 2340 PERMNT TRBL-ST 1,868,558.83 GMA 2350 AZ BNFTS-REV CL 2,501,664.27 GMA 2369 RACING INVESTIG 30,646.89 GMA 2393 UNARMD COMBT EV GMA 2500 INTERAGY SVC AG GMA 2556 RACING REGULATN GMA 2600 Credit Card (2,953.00) GMA 3720 RACING COMM BON 55,572.47 GSA 2000 FED GRANTS - GSA 2600 CC Clear - GSA 3030 GEOLOGICAL SURV - GSA 3040 OIL N DRILLING - GSA 9000 IND COST RECOVE GVA 2000 FED GRANTS 188,465.75 GVA 2037 CNTY FRS LV STC 290,197.24 GVA 2277 PRNT COM DRG ED 120,471.41 GVA 2439 CHILD ABUSE PRE 365,168.43 GVA 2500 GOVRNRS ISA 431,094.88 GVA 3021 THE AZ GVA 3171 OIL OVERCHARGE GVA 3206 GOVRNRS ENDOWME GVA 3207 GOV PROMOTIONAL GVA 3209 ENERGY OFFC DON GVA 3210 HUMAN TRAFFICKI GVA 3212 BRDR SECRTY IMM 57.55 GVA 3214 INAUGURATN 2011 839.45 GVA 3216 AMC DONATED S GVA 3217 NGA DONATED S GVA 3220 INAUGURATION GVA 3221 Celeb of Life GVA 3222 D.V. Fund 9,956.09 GVA 3223 S.A. Fund 41,177.04 GVA 3224 EDUCATION GVA 9000 IND COST RECOVE HCA 1303 TOBCC PROD TX 2 - HCA 1304 TOBCC PROD TX E - HCA 1306 TOBCC TX HC MED HCA 2000 FED GRANTS TITLE Ending Balance 119,503.91 135,425.37 198,179.13 1,058,771.59 773,039.05 2,643,300.69 17,143,670.92 2,015.00 433.49 38,167.56 17,452.98 10,953,746.25 41,429.31 98,551.63 4,181,810.82 215,924.06 7,347.00 1,106,071.78 14,345.00 363.00 1,057.11 1,585.62 87,076.38 73,824.15 500,201.95 1,877,174.75 - 6.16 6.21 7,507.37 12.02 12,500.00 1,242.83 196.54 4,689,165.74 696,725.29 56 Summary of Cash on Deposit with Treasurer Year Ended June 30, 2017 (Unaudited) AGY AGY FUND HCA 2120 AHCCCS FUND 23,047,504.92 HCA 2223 AZ LTC SYSTEM 31,240,770.78 HCA 2227 SUBST ABUSE SVC HCA 2300 MISC GRANTS HCA 2301 ST LUKES HEALTH 30,316.00 HCA 2319 SUBST ABUSE-ALC 1,345,246.07 HCA 2410 KIDSCARE - FED 2,463,888.93 HCA 2439 HAPA 1,659,793.33 HCA 2442 HAPA-ASA3 HCA 2449 EMPLOYEE RECOGN HCA 2468 AZ TOBACCO LITI HCA 2478 BUDGT NEUTR COM HCA 2494 TRAUMA N EMERGE HCA 2500 INTERAGY SVC AG HCA 2532 HOSPTL LOAN RES HCA 2546 PRESCRP DRG REB HCA 2555 SMI HOUSING TF HCA 2567 NURSING FACILIT 3,138,764.29 HCA 2576 HOSPITAL ASSESS 29,258,456.98 HCA 2586 Restitution 4,500,230.50 HCA 3791 3RD PARTY COLLE 2,245,814.64 HCA 4503 IGAs County BHS HCA 4560 PRE-NATAL CARE 9,438.59 HCA 4640 AZ EARLY INTERV 25,665.50 HCA 4770 MEMBR SATISF SU 10,000.00 HCA 4850 MEDICAID CONFER HDA 2000 FED GRANTS HDA 2159 DPS - FBI FING HDA 2200 AZDOH PROGRAM HDA 2201 EMPLOYEE RECOGN HDA 2235 HOUSING TRUST HDA 2237 MOBILE HOME REL HDA 2500 INTERAGY SVC AG HDA 2510 ISA - HOUSING F HDA 2999 ARRA 631,337.78 HDA 3090 CONSUMER RECOV 561,927.88 HDA 3722 MFG HSG CASH BO 523,930.55 HEA 2041 BRD OF HMOPTHC HGA 2500 ISA 202,812.91 HIA 2025 SW DONATIONS 942,765.67 HIA 2026 NON EXPENDABLE 120,557.12 HIA 2125 HISTRCL SOCIETY 32,397.86 HIA 2600 CREDIT CARD CLE HIA 2650 AZ EXP MUSEUM C HIA 2900 CAD - TEMPE GIF 4,118.35 HIA 2901 NAD - FLAGSTAFF 9,887.16 HIA 2902 SAD - TUCSON GI 6,087.07 HIA 2903 SAD - SOSA-CARR HIA 2904 CAD - FACILITY 26,361.48 TITLE Ending Balance 1,431,820.53 6,483.60 798,250.11 4,664.38 900,581.05 6,280,612.50 24,330,346.33 900,000.00 122,004,118.59 5,766,270.85 954,510.30 29,721.49 5,243,332.06 877.50 12,910,286.11 61.00 19,956,334.42 7,966,963.55 207.48 64,539.73 19,380.22 - - HIA 2905 AHS - ADMISSION 60,633.87 HLA 2000 FED GRANTS 15,782.18 HOA 3207 Promotional HSA 1308 TT-HCF-HEALTH E HSA 1344 TOBCC TAX HLTH 412,514.66 HSA 1995 HEALTH SVCS LIC 5,346,426.47 HSA 2000 FED GRANTS 3,872,215.38 HSA 2008 CHILD CARE DEVE HSA 2025 HLTH SVCS-EMPLO HSA 2090 DISEASE CONTRL HSA 2096 HEALTH RESEARCH HSA 2100 WIC REBATES HSA 2171 EMERG MED OPERA 5,088,696.40 HSA 2184 NEWBORN SCREENG 3,087,502.27 HSA 2227 SUBST ABUSE SVC HSA 2319 SUBST ABUSE-ALC HSA 2329 NURSG CR INST R HSA 2427 RISK ASSESSMENT HSA 2464 SERIOUS MENTL I HSA 2500 ISG HSA 2541 SMOKE-FREE AZ HSA 2544 MEDICAL MARIJUA HSA 2555 SERIOUSLY MENTL - HSA 2600 CREDIT CARD CLE - 4,906.27 5,426,964.03 148,125.69 6,916.28 5,504,299.11 10,416,697.57 178.31 2,214,476.36 55,025.90 - 57 905,455.77 33,747,967.55 Summary of Cash on Deposit with Treasurer Year Ended June 30, 2017 (Unaudited) AGY AGY FUND HSA 3010 DHS DONATIONS HSA 3011 ADOT BRST CRVCL 907,784.04 HSA 3017 ENVIRO LAB LIC 574,225.88 HSA 3036 CHLD FATLTY REV 144,997.47 HSA 3038 ORAL HEALTH HSA 3039 VITL RECRD ESYS 3,671,112.94 HSA 3120 AZ ST HOSPITAL 1,792,978.60 HSA 3128 ST HOSPTL LND E 1,246,804.66 HSA 3306 MEDCL STDNT LOA HSA 4202 INTRNL SPCL PUR HSA 4250 Lottery Fund 7,468,871.41 HSA 4500 ISA-IGA Fund 1,800,607.24 HSA 4502 ISA BHS 5,941,343.20 HSA 4503 IGA BHS HSA 9001 DHS-IND COST HUA 2001 FED GRANTS HUA 2116 ARTS SPECIAL RE HUA 2569 STPOET LAUREATE HUA 3043 AZ ARTS TRUST IAA 2025 DONATIONS IAA 4013 INDIAN AFFAIRS IAA 4014 AZ INDIAN TOWN ICA 2000 FED GRANTS ICA 2002 IND COMM REVOLV ICA 2177 IND COMMISSION- ICA 2180 SPECIAL FUND ICA 2600 CREDIT CARD CLE 2,571.05 IDA 2000 FED GRANTS 6,630.00 IDA 2033 Svc Co Dep Fund IDA 2034 INSURANCE EXAMI IDA 2114 AZ PROPERTY 70,570.96 IDA 2154 AZ LIFE N DISAB 62,110.94 IDA 2163 INSRNCE FINGRPR IDA 2316 ASSSSMNT FOR VO 294,329.83 IDA 2377 CAPTIVE INSURAN 447,548.83 IDA 2467 HEALTHCR APPEAL IDA 2473 FINNCL SURVEILL IDA 2500 ISA IDA 3104 RECEIVERSHIP LI TITLE Ending Balance 1,245,639.95 822,429.88 138,115.62 120,144.32 3,500,829.10 49,982.95 286,330.48 2,500.00 332,589.12 2,113.18 2,369.97 382,887.20 232,991.23 10,784,664.73 2,822,666.68 1,366,048.91 4,392.00 88,973.46 475,905.34 1,127.90 203,833.89 IDA 3727 INSURANCE PREMI JCA 2000 FED GRANTS JCA 2002 JUSTICE ASSISTA JCA 2134 AZ COMMISSION O 507,081.34 JCA 2198 VICTIMS COMPENS 4,249,623.92 JCA 2280 RESOURCE CENTER 1,017,505.77 JCA 2443 STAID TO CNTY A JCA 2445 STAID TO INDIGE JCA 2516 JC DGEF LCA 2047 HEARING SYSTEMS LDA 2001 GIS GRANTS LDA 2024 FED RECLAMATION LDA 2129 CAP MUNI LDA 2204 ADOA RISK MANAG 343,024.83 LDA 2212 LAND NON-GOVERN 136,160.53 LDA 2253 OFFHWY VEHCL RE 192,495.16 LDA 2274 ENVIRNMNTL SPEC 27,387.86 LDA 2449 EMPLOYEE RECOGN LDA 2451 STLAND DEPT -ZO 43,463.60 LDA 2452 STLAND DEPT -LE 118,543.95 LDA 2453 STLAND DEPT -AP 49,050.00 LDA 2454 STLAND DEPT -DU LDA 2455 Restore LDA 2500 INTERAGY SVC AG 24,000.00 LDA 2526 DUE DILIGENCE 55,724.33 LDA 3135 UNIVRST IMBER L LDA 3146 TRUST LAND MANA LDA 3201 RIPARIAN TRUST LDA 3732 LAND CLEARANCE LDA 3752 BROKERS COMMISS LDA 4009 RESOURCE ANALYS 116,394.91 LLA 1996 LIQUOR LICENSES 263,606.09 LLA 2000 FED GRANTS LLA 2025 DONATIONS 82,520.13 4,817.46 5,814,987.04 554.36 30.55 1,871,379.66 250,000.00 44,814.50 5,345.70 1,154.09 455.95 2,424,722.88 98,711.58 9,955,971.63 6,623.22 12,737,893.43 - 2,414.92 403.94 58 Summary of Cash on Deposit with Treasurer Year Ended June 30, 2017 (Unaudited) AGY AGY FUND LLA 2159 DPS - FBI FINGE LLA 2500 ISA FUND LLA 3008 LIQUOR LICENSE LLA 3010 AUDIT SURCHARGE 53,946.31 LLA 3011 ENFORCEMENT SUR 135,157.04 LLA 3012 ENFORCEMENT SUR LLA 3017 3017 ISSUANCE 118,800.00 LLA 3018 3018 RENEWAL 22,200.00 LLA 3066 RICO LOA 2122 LOTTERY LOA 2133 LOTTERY BENE 33,931,250.00 LOA 3179 LOTTERY PRIZE 29,960,345.47 MAA 1010 MILITARY INSTAL 3,509,361.83 MAA 1990 EMERGENCY AND D 5,634,789.92 MAA 2000 FED GRANTS MAA 2001 FED GRNTS EMERG MAA 2002 FED GRANTS MILI MAA 2017 RODEO-CHEDISKI MAA 2100 FED SUPPORT 385.60 MAA 2106 CAMP NAVAJO 10,641,947.52 MAA 2124 MORALE WELFARE MAA 2138 NUCLR EMERG MNG MAA 2140 NATIONAL GUARD MAA 2200 FED COOPRTV AGR 15,240.35 MAA 2349 NATNL GUARD REL 863,139.55 MAA 2416 ArmoryProperty 960,160.00 MAA 2500 INTERAGY SVC AG 714,445.67 MAA 2602 EMAC Revolve 279,583.42 MAA 3031 EMERGENCY RESPO MAA 9000 IND COST RECOVE MEA 2025 GRANTS AND GIFT MEA 2038 AZ MEDICAL BRD MIA 2000 FED GRANTS MIA 2400 FED EDUC TRAINI 283,407.92 MIA 2408 ABANDONED MINE 134,785.40 MIA 2511 AGGREGATE MINNG 143,174.94 MIA 2600 CREDIT CARD CLE - MMA 2000 FED GRANTS - MMA 2159 DPS - FBI FINGE MMA 2169 ARSON DETECTION MMA 2211 FIRE BUILDING MMA 2237 MOBILE HOME REL - MMA 2500 INTERAGY SVC AG 120.74 MMA 2537 CONDO MMA 2578 Trampoline MMA 3090 MFG HOUSING CON 215.17 MMA 3722 MFG HOUSING CAS 262.70 MTA 2159 FINGERPRINT PRO 482.00 MTA 2553 BRD OF MASSAGE 1,260,263.65 NAA 1421 NAU COLLECTIONS NAA 2240 NAU COLLEGIATE NAA 2573 PERFORMANCE NBA 2042 NATUROPATHIC EX 922,591.00 NCA 2043 NURSING CARE IN 404,372.66 NSA 2110 AZ WBF - NSA NSA 2500 YEAR 2000 - GIT OBA 2023 BRD OF OPTOMETR OSA 2048 OSTEOPATHIC EXA 1,926,143.06 OTA 2263 OCCUPATIONAL TH 659,657.36 PBA 1107 PERSONNEL DIVIS PCA 2277 DRUG TREATMENT PEA 2000 FED GRANTS PEA 2128 PRIV POSTSEC ED 2,710.91 PEA 2358 MATH SCIENCE SP 314,733.66 PEA 2402 DONATIONS PEA 2405 PSTSND EDUCATIO PEA 2406 PSTSND ED-LOCAL PEA 2530 PSTSND EDU GRAN PEA 3122 COLG SVGS OPERA PHA 2500 ISA PIA 2449 EMPLOYEE RECOGN PIA 3129 PIONEERS HOME S 5,468,052.89 PIA 3130 MINERS HOSP DIS 4,427,752.80 TITLE Ending Balance 3,014.00 26,852.27 2,921,451.43 55,287.58 31,369.40 9,368,803.28 889.11 655,077.04 2,432,728.87 - 189,757.05 2,508,141.05 140,527.49 732,586.49 10,000.00 6,514,362.43 2,700.64 2,894.03 - - 28,231.00 - 34,867.34 222.53 334,888.42 176,636.39 4,172,910.49 - 34,124.08 101,156.61 637,211.94 - 59 12,738.43 Summary of Cash on Deposit with Treasurer Year Ended June 30, 2017 (Unaudited) AGY AGY FUND PIA 3143 SPECIAL DONATI 166,386.82 PIA 3144 CEMETERY PROCD 271,308.50 PMA 2000 MEDICAL GAS PMA 2052 BRD OF PHARMACY PMA 2359 CONTRLD SUBST P 209,745.79 POA 2055 PODIATRY 162,363.03 PPA 2500 INTERAGY SVC AG PRA 2000 FED GRANTS PRA 2106 STLK IMPRV NAPP 9,182,769.54 PRA 2202 STPRK REVN OPER 16,664,889.17 PRA 2253 OFF-HWY VEHICLE 5,730,648.78 PRA 2434 LCF ADMINISTRAT 264,972.41 PRA 2448 PARTNERSHIP 460,422.37 PRA 2525 Az Trail Fund PRA 2600 CREDIT CARD CLE PRA 3117 STPARKS DONATIO PRA 3124 Yarnell 3,005.00 PRA 3125 Sustain 194,464.00 PSA 1999 CAPTL POLCE ADM PSA 2000 FED GRANTS PSA 2030 STHWY -DPS APPR PSA 2032 HWY PATROL 7,452,958.97 PSA 2049 PEACE OFFICERS 1,004,378.00 PSA 2060 AUTO THEFT PSA 2085 JOINT-CONTROL PSA 2108 SAFETY ENFORCE PSA 2278 RECORDS PROCESS PSA 2280 DRUG ENFORCEMEN PSA 2282 CRIME LAB ASSES 243,519.37 PSA 2286 AZ AUTO FINGRPR 2,711,148.84 PSA 2322 ADMINISTRATION 1,986,706.95 PSA 2337 DNA SYSTEM PSA 2380 MOTR SF REVL PSA 2386 FAMLS FALLN POL 92,313.11 PSA 2391 PUBLC SFTY EQUI 5,686,759.73 PSA 2394 CRIME LABORATOR PSA 2396 GANG IM INTEL T 2,803,753.38 PSA 2433 FINGERPRINT 2,804,323.20 PSA 2435 BRD OF FINGRPRN 176,907.00 PSA 2445 Indigent 212,659.64 PSA 2479 MOTORCYCLE SAFE PSA 2490 DPS LICENSING PSA 2500 ISA 1,552,241.64 PSA 2510 PARITY COMPENSA 4,424,062.15 PSA 2518 Concealed 5,320,553.99 PSA 2519 Victim PSA 3113 ADOT HWY USER - PSA 3123 ANTI-RACKETEERI PSA 3702 CRIMINAL JUSTIC PSA 4216 RISK MANAGEMENT PSA 4230 AUTOMATION OPER PSA 9000 IND COST RECOVE 2,150,209.29 TITLE Ending Balance 4,800.00 5,361,825.01 15,665.50 12,096.98 77,548.58 391,084.74 1,624,980.74 - 4,692,735.55 257,443.23 1,031,711.96 - 163,588.87 15,627.07 276,137.12 373,248.91 940,151.31 8,462,797.96 177,015.15 18,993.09 - PTA 2053 BRD OF PHYSICAL 1,137,329.80 PVA 2056 BD OF PRVT PSTS 445,599.57 PVA 3027 STUDNT TUITN RE 403,443.33 RBA 2269 RESPI CR EX BD 236,278.04 RCA 2015 GREYHOUND - RCA 2018 RACING COMM CNT - RCA 2159 DPS-FBI FINGRPR - RCA 2206 AZ BREEDRS AWRD - RCA 2369 RACING INVESTIG - RCA 2393 UNARMD COMBT EV - RCA 2556 RACING REGULATN - RCA 3720 RACING COMM BON REA 2537 Condo and Plan REA 3119 REAL ESTRECOVER REA 4011 REA EDUCATION R 32,242.77 RGA 2406 REGISTRAR OF CO 8,853,723.89 RGA 3155 RGA RECOVERY 12,519,017.36 RGA 3721 RGA CASH BOND 2,354,994.14 RGA 3725 PROMPT PAY COM 5,000.00 RSA 1406 PSPRS ADMIN 7,310.48 RSA 3044 E OFFCLS RETRMN 60 4,750.00 884,563.54 - Summary of Cash on Deposit with Treasurer Year Ended June 30, 2017 (Unaudited) AGY AGY FUND RTA 1401 RETRMNT SYSTM A 714,699.76 RTA 1407 RETRMT SYSTM NA 680,481.44 RTA 1408 LTD TRUST RVA 1031 I DDNT PAY ENOU RVA 1032 GENERAL FUND RVA 1309 TOBACCO TAX ADJ 20,233.09 RVA 1315 HEALTH CARE ADJ 3,762,575.94 RVA 1510 DOR EXCISE RVA 1512 CASH IN LIEU OF 2,578,189.65 RVA 1520 UNCLAIMED PROPE 8,987,860.20 RVA 1530 UNCLAIMED PROPE 3,352,157.25 RVA 1601 VETERANSSETTLMT RVA 2069 REV INCM TAX RVA 2074 REVEURBAN SHARI RVA 2138 NUKE RVA 2166 REV PUBLICTN RV RVA 2168 SPECIAL COLLECT RVA 2179 DOR LIABILITY S RVA 2356 WASTE TIRE GRAN RVA 2449 EMPLOYEE RECOGN RVA 2463 RVA ADMINISTRAT RVA 2500 ISA RVA 3745 ESCHEATED ESTAT SBA 2000 FED GRANTS - SBA 2050 PEST CNTRL COMM - SBA 2600 CREDIT CARD CLE SDA 1700 TELECOM FR DEAF SDA 2000 FED GRANTS SDA 2011 NON FED GRANTS 13,252.81 SDA 2444 SCHLS DEAF BLND 1,336,968.80 SDA 2486 ASDB CLASSROOM 722,465.52 SDA 2492 INSTR IMPRVMNT 1,824.58 SDA 2500 INTERAGY SVC AG 45,989.27 SDA 3148 TRUST SDA 4221 COOPERATIVE SVC SDA 4222 ENTERPRISE SFA 2373 LEASE TO OWN SFA 2392 BUILDNG RENWL G 41,401,661.68 SFA 2460 NEW SCHL FACILI 11,206,387.80 SFA 2484 EMERG DEFICIENC SFA 2500 IGA AND ISA SFA 3400 Best Publ Schls SFA 5010 IMPR REV BND DE SFA 5022 IMP BND 2002 SFA 5030 TRST BND DBT SNA 2549 BORDER SECURITY SPA 2075 SUPRM CRT CJEF 6,593,598.53 SPA 2084 GRNTS N SPECL R 20,448,442.51 SPA 2119 COMMNTY PUNISHM SPA 2193 JUV PROBATION 5,545,977.99 SPA 2246 JUDCL COLLCTN E 3,987,962.86 SPA 2247 DEFENSIVE DRIVI 1,428,065.37 SPA 2275 CRT APPNTD SPEC 4,405,998.34 SPA 2276 CONFDNTL INTERM 622,957.67 SPA 2277 DRG TRTMNT EDUC 3,570,449.77 SPA 2382 AZ LENGTHY TRIA 119,333.17 SPA 2415 CRIMNL CASE PRO 14,219.29 SPA 2440 COURT REPORTERS SPA 2446 STAID TO COURTS SPA 2516 Courts DGEF SPA 2600 CREDIT CARD CLE SPA 3013 PUBLIC DEFENDER 171,103.91 SPA 3245 ALTERNATIVE DIS 225,223.94 SPA 4250 Lottery Fund STA 2000 FED GRANTS STA 2006 AZ BLUE BOOK STA 2115 STLIBRARY STA 2116 LIBRARY STA 2117 BTBL-FRIENDS DO STA 2265 DATA PROCESSING STA 2357 E-SYSTEMS IMPRO STA 2387 NOTARY BOND 44,917.19 STA 2426 STANDING POLITI 78,654.57 TITLE Ending Balance 4,159.46 1,712,727.56 262,613,088.00 1,952,399.73 22,368,531.16 32,012.14 7,397.29 2,706,947.46 (0.01) 3,716.83 7,086,725.82 246,900.04 13,355.73 4,997.34 655,701.14 27,682.44 2,314,129.10 496,270.34 8,345,370.79 901,110.65 14,773.47 9,092,157.54 299.65 24,900,867.05 55,633.94 213,367.07 72,608.20 204,676.98 8,094.78 - 241,715.53 11,220.07 202,592.48 105,305.80 61 1,164,612.81 249,231.27 2,972,640.43 Summary of Cash on Deposit with Treasurer Year Ended June 30, 2017 (Unaudited) AGY AGY FUND STA 2431 RECORDS SVCS STA 2500 IGA AND ISA STA 2521 ELECTION TRAINI STA 2557 ADDRESS CONFIDE TITLE Ending Balance 542,689.44 5,395.66 6,476.20 330,412.03 STA 4008 GIFT SHOP REVOL 12,636.50 SYA 2058 BRD OF PSYCHOLO 882,840.40 SYA 2059 BEHAVIOR ANALYS TEA 2070 TEA 137,264.90 3,036,692.46 TEA 2071 TEA BD INVESTIG TOA 2236 TOURISM TRA 2059 MINERAL LEASING TRA 2111 LAW ENFOR BOATN TRA 2134 CJEF TRA 2186 MEDICAL SVCS EN TRA 2375 AZ CONVNTN CNTR TRA 2397 COMM OF AFICAN- TRA 2571 EMPOWERMENT SCH TRA 2574 Pub. Dep Admin TRA 2675 GUARANTEE FUND TRA 2676 EXPENSE ACCOUNT TRA 3033 FIREFIGHTERS EM TRA 3034 BUDGET STABILIZ TRA 3157 TREAS CONDEMNAT TRA 3166 LGIP-LOCL GOVER 1,237,195,595.52 TRA 3167 LGIP-GOVT POOL 1,328,823,781.43 TRA 3170 LGIP-2004B COP TRA 3172 LGIP - SFA BD 2 TRA 3173 LGIP-LEHMAN BRO TRA 3176 LGIP LT INVESTM 305,952,759.44 TRA 3177 LGIP-GOV LT INV 138,437,545.43 TRA 3191 PEACE OFFCR MEM TRA 3318 TRSR ENDOW FIXD 2,863,499,873.85 TRA 3323 ENDOW RENTL INC 36,267,321.67 TRA 3702 CRIM JUSTICE EN TRA 3729 ADMIN TAYLOR GR TRA 3736 TREASURER ADMIN TRA 3738 SUPRM CRT RET 2,419.20 TRA 3739 CT OF APPLS I R 5,968.02 TRA 3740 CT OF APPL II R TRA 3741 TRSR BANKNG INV 2,471,026.57 TRA 3742 CNTRL AZ WTR CO 366,078,983.12 TRA 3795 TRSRS OPERATING 441,234.78 TRA 3799 TRSRS OPERATING 383,814.88 TRA 3848 LTAF - VLT TRA 4501 FTGP- ST CRTS TRA 4502 FTGP- LCL CRTS TRA 6071 CDILOB N-INVEST TRA 6201 CDILOB INVESTAB TRA 6210 PPE CASH BOND TRA 6372 PLAN SIX - SRP TRA 6420 TEL SOL - ACF M TRA 6491 TELE SOL CASH B TRA 9005 DES UNEMPLOYMEN 109,859.75 4,143,480.29 99,932.40 319,490.67 833,747.88 237,186.85 100,427,169.49 3,935,811.22 251.54 461,446,919.39 11,007,428.86 21,669.65 1,304,739.24 23,343,727.35 1,712.53 2,665,752.47 19,182.00 1,840.74 54,621.52 7,443.10 209,863.86 9,821,394.35 51,261.01 306,911.90 12,547.06 533.47 1,390,024.52 TRA 9410 NON-ENDOW INTRS UAA 1402 U OF A MAIN-COL UAA 2238 U OF A COLLEGIA UAA 2573 PERFORMANCE UAA 3031 RES ED MUSEUM UAA 3032 ACQUISITION UAA 3133 SCHL OF MINES L 428,671.75 UOA 2175 RESIDNTL UTIL C 435,920.33 VSA 2000 FED GRANTS 225,241.01 VSA 2077 ST VETERANS CON VSA 2339 MILITARY FAMILY VSA 2355 HOME FR VETERAN VSA 2356 VA REIMB-RESTRI VSA 2441 VETERANS DONATI VSA 2449 EMPLOYEE RECOGN 7,326.37 VSA 2481 STVETERANS CEME 21,040.25 VSA 2499 AZ State Vet VSA 2500 ISA VSA 3218 VETERANS FIDUCI VTA 2078 VETER MEDCL EXA 209,615.85 745,715.58 125,228.03 280.97 10,764.12 6,090,393.20 12,472,646.61 141,563.07 3,368,212.82 853,743.12 - 62 2.49 2,170,052.10 Summary of Cash on Deposit with Treasurer Year Ended June 30, 2017 (Unaudited) AGY AGY FUND WCA 1021 FLOOD WARNG SYS WCA 1302 AZ WTR PROTECTI WCA 1303 AZ WTR PROTC-AD WCA 2000 FED GRANTS WCA 2026 DONATIONS WCA 2111 WBF-PHOENIX AMA WCA 2112 WBF-TUCSON AMA WCA 2113 WBF-PINAL AMA WCA 2114 WBF - Maricopa WCA 2117 WBF-NEVADA OPER 287.32 WCA 2118 WBF-NEVADA RESO 1,851.65 WCA 2119 WBF-GRNTS DONAT 3.71 WCA 2120 WBF-IN LIEU PAY WCA 2121 WBF-ADMIN WCA 2191 GENRL ADJUDICAT WCA 2218 DAM REPAIR WCA 2304 AZ WTR QUALITY WCA 2398 WTER RECRCS WCA 2410 WCA PUBLICATION WCA 2411 WCA PRODUCTION 9,468.50 WCA 2491 WELL ADMIN ENFO 939,634.62 WCA 2500 IGA 550,688.57 WCA 2509 ASSURED 567,369.10 WCA 2538 COLORADO RVR WT WCA 2600 CREDIT CARD CLE 21,137.69 WCA 4010 AUGMNT-PHX AMA 1,513,140.42 WCA 4021 AUGMNT-TUC 439,247.29 WCA 4030 AUGMNT-PRESCOTT 109,022.85 WCA 4040 AUGMNT- PINAL 208,896.21 WCA 4070 AUGMNT-SANTA CR 212,207.19 WCA 4110 PRCH N RETR-PHX 102,494.53 WCA 4140 PRCH N RETR-PIN WCA 9000 IND CST RECOVER WFA 2311 GRTR AZ DEVELOP - WFA 4309 CW FEE PROGRAM - WFA 4310 CLEAN WTR FED - WFA 4311 CLEAN WTR LOAN - WFA 4312 ADS-LEVERAGED - WFA 4313 ADS-STMATCH - WFA 4315 DEBT SVC RSV-CW - WFA 4317 WMA LOAN SERVIC - WFA 4319 FIN ASSIST-CW - WFA 4320 DEBT RESERVE -D - WFA 4321 CPTL GRNT TRFR- - WFA 4322 LOAN SVC-DW - WFA 4324 FIN ASSIST-CW - WFA 4331 DRINKG WTR LOAN - WFA 4332 ANNL DEBT-LEVER - WFA 4333 ANNL DBT-STMATC - WFA 4335 DRINKING WTR FE WMA 2226 AIR QUALITY WMA 2285 MTR VHCL LIABLT YYA 3200 RETIREE ACCM SL TITLE Ending Balance 385,134.20 2,271,867.84 61,103.46 583,034.25 218,368.45 1,053,829.54 310,435.23 1,091,993.59 - 1,659,072.74 30,739.32 4,414,349.61 497,389.91 3,640,838.01 7,114.41 3,443.00 37,157.97 1,943,604.41 1,124,875.58 GRAND TOTAL 63 226,298.03 2,825,127.32 $ 11,759,211,838.58