City of Glendale, Arizona

Comprehensive Annual
Financial Report
For the Fiscal Year Ended June 30, 2010

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City of Glendale, Arizona
COMPREHENSIVE ANNUAL FINANCIAL REPORT
_________________________________________________________

INTRODUCTORY
SECTION

___________________________ FOR THE FISCAL YEAR ENDED JUNE 30, 2010

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City of Glendale, Arizona

Comprehensive
Annual Financial Report
For the Fiscal Year Ended June 30, 2010

Mayor
Elaine M. Scruggs
Councilmembers
Steven E. Frate
Vice Mayor
Sahuaro District
Joyce V. Clark - Yucca District
Manuel D. Martinez - Cholla District
David M. Goulet - Ocotillo District
Yvonne Knaack - Barrel District
H. Philip Lieberman - Cactus District

Management Staff
Ed Beasley - City Manager
Ken Reedy - Interim Assistant City Manager
Cathy Gorham
Deputy City Manager
Community Services
Horatio Skeete
Deputy City Manager
Administrative Services
Jim Colson
Deputy City Manager
Community Development
Prepared by the Finance Department
Diane Goke
Interim Finance Director

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City of Glendale, Arizona
Comprehensive Annual Financial Report
For the Fiscal Year Ended June 30, 2010
TABLE OF CONTENTS

Page
I.

INTRODUCTORY SECTION
Title Page ......................................................................................................................................... i
Table of Contents ...........................................................................................................................iii
Letter of Transmittal ....................................................................................................................... 1
GFOA Certificate of Achievement.................................................................................................. 5
Glendale, Arizona and Neighboring Communities ......................................................................... 6
Glendale City Officials ................................................................................................................... 7
Glendale Council District Boundaries ............................................................................................. 8
Organization Chart .......................................................................................................................... 9

II. FINANCIAL SECTION
Independent Auditors’ Report .............................................................................................................. 11
A. MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A) ............................................. 13
B. BASIC FINANCIAL STATEMENTS
Government-Wide Financial Statements:
Statement of Net Assets ................................................................................................................ 25
Statement of Activities .................................................................................................................. 26
Fund Financial Statements:
Balance Sheet – Governmental Funds........................................................................................... 28
Reconciliation of the Balance Sheet of Governmental Funds to the Statement of
Net Assets .................................................................................................................................. 29
Statement of Revenues, Expenditures, and Changes in Fund Balances –
Governmental Funds.................................................................................................................. 30
Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund
Balances of Governmental Funds to the Statement of Activities .............................................. 31
Statement of Net Assets – Proprietary Funds ................................................................................ 32
Statement of Revenues, Expenses, and Changes in Fund Net Assets – Proprietary Funds ........... 33
Statement of Cash Flows – Proprietary Funds .............................................................................. 34
Notes to the Financial Statements ..................................................................................................... 36
C. REQUIRED SUPPLEMENTARY INFORMATION
Budgetary Comparison Schedule – General Fund ........................................................................ 77
Budgetary Comparison Schedule – Transportation Fund.............................................................. 79
Notes to Required Supplementary Information ............................................................................. 80

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City of Glendale, Arizona
Comprehensive Annual Financial Report
For the Fiscal Year Ended June 30, 2010
TABLE OF CONTENTS
Page
D. COMBINING STATEMENTS
Other Major Governmental Funds
Budgetary Comparison Schedule – General Obligation Debt Service Fund ............................. 81
Non-Major Governmental Funds
Combining Balance Sheet.......................................................................................................... 86
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances.................. 88
Budgetary Comparison Schedules
Community Development Block Grants Fund ....................................................................... 90
Highway User Gas Tax Fund ................................................................................................. 91
Development Impact Fees Fund............................................................................................. 92
Police and Fire Sales Tax Fund .............................................................................................. 93
Federal Stimulus Fund ........................................................................................................... 94
Other Special Revenue Fund .................................................................................................. 95
Highway User Debt Service Fund.......................................................................................... 96
Municipal Property Corporation Debt Service Fund ............................................................ 97
Transportation Debt Service Fund ......................................................................................... 98
Streets Construction Fund ...................................................................................................... 99
Fire and Police Construction Fund ....................................................................................... 100
Parks Bond Construction Fund ............................................................................................ 101
Other Construction Fund ...................................................................................................... 102
Cemetery Perpetual Care Fund ............................................................................................ 103
Non-Major Proprietary Funds – Business-Type Activities
Combining Statement of Net Assets ........................................................................................ 106
Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets ................... 107
Combining Statement of Cash Flows ...................................................................................... 108
Budgetary Comparison Schedules
Water and Sewer Fund (a Major Fund) ................................................................................ 110
Landfill Fund ....................................................................................................................... 112
Sanitation Fund .................................................................................................................... 113
Housing Fund ....................................................................................................................... 114
Internal Service Funds
Combining Statement of Net Assets ........................................................................................ 115
Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets ................... 116
Combining Statement of Cash Flows ...................................................................................... 117
Budgetary Comparison Schedules
Risk Management Fund ....................................................................................................... 118
Workers’ Compensation Fund ............................................................................................. 119
Employee Benefits Fund ...................................................................................................... 120
E. OTHER SUPPLEMENTARY INFORMATION
Federal Financial Data Schedule .......................................................................................... 121

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City of Glendale, Arizona
Comprehensive Annual Financial Report
For the Fiscal Year Ended June 30, 2010
TABLE OF CONTENTS
III. STATISTICAL SECTION
Schedule

Page

Net Assets by Component .................................................................................................. 1 ............. 128
Changes in Net Assets ........................................................................................................ 2 ............. 130
Fund Balances – Governmental Funds ............................................................................... 3 ............. 132
Changes in Fund Balances – Governmental Funds ............................................................ 4 ............. 134
Assessed and Estimated Actual Value of Taxable Property ............................................... 5 ............. 136
Direct and Overlapping Governments Property Tax Rates ................................................ 6 ............. 137
Principal Property Taxpayers ............................................................................................. 7 ............. 138
Property Tax Levies and Collections ................................................................................. 8 ............. 139
City Transaction Privilege Taxes (Sales Tax) by Category ................................................ 9 ............. 140
Ratio of Outstanding Debt by Type.................................................................................. 10 ............. 142
Ratios of Net General Bonded Debt Outstanding............................................................. 11 ............. 144
Net Direct and Overlapping Governmental Activities Debt............................................. 12 ............. 145
Legal Debt Margin Information ....................................................................................... 13 ............. 146
Pledged-Revenue Coverage ............................................................................................. 14 ............. 148
Demographic and Economical Statistics .......................................................................... 15 ............. 150
Principal Employers ......................................................................................................... 16 ............. 151
Full-Time Equivalent City Government Employees by Function/Program ..................... 17 ............. 152
Operating Indicators by Function/Program ...................................................................... 18 ............. 153
Capital Asset Statistics by Function/Program .................................................................. 19 ............. 154
Miscellaneous Water and Sewer Rate Statistics ............................................................... 20 ............. 155
Miscellaneous Water and Sewer Statistics ....................................................................... 21 ............. 156

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December 8, 2010
To the Honorable Mayor, Members of the City Council, and Citizens of the City of Glendale, Arizona:
State law requires that cities annually publish after the close of each fiscal year a complete set of financial
statements presented in conformity with generally accepted accounting principles (GAAP) and audited in
accordance with generally accepted auditing standards (GAAS) by a firm of licensed certified public
accountants. Pursuant to that requirement, we hereby issue the comprehensive annual financial report of
the City of Glendale, Arizona (the City) for the fiscal year ended June 30, 2010.
This report consists of management’s representations concerning the finances of the City. Consequently,
management assumes full responsibility for the completeness and reliability of all the information
presented in this report. To provide a reasonable basis for making these representations, management of
the City has established a comprehensive internal control framework that is designed both to protect the
government’s assets from loss, theft, or misuse and to compile sufficient reliable information for the
preparation of the City’s financial statements in conformity with GAAP. Because the cost of internal
controls should not outweigh their benefits, the City’s comprehensive framework of internal controls has
been designed to provide reasonable rather than absolute assurance that the financial statements will be free
from material misstatement. As management, we assert that, to the best of our knowledge and belief, this
financial report is complete and reliable in all material respects.
The City’s financial statements have been audited by Heinfeld, Meech & Co., P.C., a firm of licensed
certified public accountants. The goal of the independent audit was to provide reasonable assurance that
the financial statements of the City for the fiscal year ended June 30, 2010, are free of material
misstatement. The independent audit involved examining, on a test basis, evidence supporting the amounts
and disclosures in the financial statements; assessing the accounting principles used and significant
estimates made by management; and evaluating the overall financial statement presentation.
The independent audit of the financial statements of the City was part of a broader, federally mandated
“Single Audit” designed to meet the special needs of federal grantor agencies. The standards governing
Single Audit engagements require the independent auditor to report not only on the fair presentation of the
financial statements, but also on the audited government’s internal controls and compliance with legal
requirements, with special emphasis on internal controls and legal requirements involving the
administration of federal awards. These reports are available in the City’s separately issued Single Audit
reporting package.
GAAP requires that management provide a narrative introduction, overview, and analysis to accompany the
basic financial statements in the form of Management’s Discussion and Analysis (MD&A). This letter of
transmittal is designed to complement MD&A and should be read in conjunction with it.
Profile of the government
The City, incorporated in 1910, is located in the northwestern part of metropolitan Phoenix. The City
currently occupies a land area of 59.02 square miles and serves a population of 250,222. The City is
empowered to levy a property tax on both real and personal properties located within its boundaries. It also
is empowered by state statute to extend its corporate limits by annexation, which occurs periodically when
deemed appropriate by the city council.

City of Glendale
Municipal Complex • 5850 West Glendale Avenue • Glendale, Arizona 85301-2599 • Phone (623) 930-2000
www.ci.glendale.az.us

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The City has operated under the council-manager form of government since 1910. Policy-making and
legislative authority are vested in a city council consisting of the mayor and six other members. The city
council is responsible, among other things, for passing ordinances, adopting the budget, appointing
committees, and hiring the government’s manager, clerk, attorney, and municipal judges. The
government’s manager is responsible for carrying out the policies and ordinances of the city council, for
overseeing the day-to-day operations of the government, and for appointing the heads of the various
departments. The council is elected on a non-partisan basis. Council members serve four-year terms, with
three council members elected every two years. The mayor is elected to serve a four-year term. The
council members are elected by district. The mayor is elected at large.
The City provides a full range of services, including police and fire protection; water and sewer and
sanitation services; the construction and maintenance of highways, streets, public facilities, and other
infrastructure; and recreational activities and cultural events. Certain housing services are provided by the
city’s public housing authority, which functions, in essence, as a department of the City and therefore has
been included as an integral part of the City’s financial statements. The City also is financially accountable
for two legally separate entities, the Municipal Property Corporation and Western Loop 101 Public
Facilities Corporation, which are reported separately within the City’s financial statements.
The annual budget serves as the foundation for the City’s financial planning and control. All agencies of
the City are required to submit requests for appropriation to the government’s manager on or before the last
week in December each year. The government’s manager uses these requests as the starting point for
developing a proposed budget. The government’s manager then presents this proposed budget to the
council for review during the months of March and April. The council is required to hold public hearings
on the proposed budget and adopt the FY 2010 final budget by the first Monday in August. The
appropriated budget is prepared by fund, function (e.g., public safety), and department (e.g., police).
Department heads may request transfers of appropriations within the same fund for his/her department.
Transfers of appropriations between funds, however, require the special approval of the governing council.
Budget-to-actual comparisons are provided in this report for each individual fund for which an appropriated
annual budget has been adopted.
Factors affecting financial condition
The information presented in the financial statements is perhaps best understood when it is considered from
the broader perspective of the specific environment within which the City operates.
Local economy. The City is currently in an economic environment that performs at a rate near or above
the national average. Local indicators point to some erosion of growth, which is consistent with the
national economy. The economy of Glendale is based on manufacturing, defense activities, services,
private graduate schools, retail trade, restaurants, sports, and entertainment. The Arizona Department of
Commerce currently lists the average labor force in the City as 146,265 and an average employment of
133,654. Average employment for the same period last year was 134,455, showing a decrease in total
employment, correspondingly the City’s unemployment rate has grown from 8.4% in fiscal year 2009 to
9.1% in fiscal year 2010.
The City receives significant “State Shared Revenues” that are allocated to various funds. The allocation is
based on population of jurisdictions. The changes in the state shared revenues are a result of the reduction
of the pool based on changes in population. The City has taken this into account in the budgeting process.
We expect to have results from the end of decade census sometime next year and don’t anticipate much
change in the allocation.
The slowdown in the various sectors of the City’s economy is reflective of the flat to negative growth
trends of the Phoenix metropolitan area and of the state of Arizona. The County’s population is
approximately 4.1 million. The state’s population was projected to be 6.5 million in 2010. State
unemployment rates have risen from 9.1% to 9.6% and no growth in sales tax revenues has been noted by
most metropolitan cities.
The City’s largest employers include Luke Air Force Base, Wal-Mart, AAA, Banner Health Systems, City
of Glendale, Glendale Union High School District, Glendale Elementary School District, Deer Valley
Unified School District, and Glendale Community College. While the largest employers have seen
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decreases in the number of employees over the past year, they continue to be strong employers in the City.
The City of Glendale has continued to follow its strategy, developed by the Finance Department, to manage
fund balances. This year ended with a planned general fund balance of $38,846, while this has decreased
from the prior year it is still healthy in this economy. The City also continues to budget 10% of ongoing
revenues as a reserve. The debt service funds of the City are backed by property taxes or excise taxes. The
City has continued its practice of paying off its general obligation and revenue obligation bond debt
rapidly.
Long-term financial planning. Glendale’s Sports and Entertainment district continues to provide great
benefits to the City. The most recent facility, Camelback Ranch, opened in February 2009 for spring
training, and attendance continues to be beyond expectations even with the weaker economy. The facility
is located at the northwest corner of 107th Avenue, between Camelback Road and Glendale Avenue, and
consists of a 10,000-seat stadium, 3,000 lawn seats, and 12 practice fields. It is utilized by the Los Angeles
Dodgers and Chicago White Sox. Along with the University of Phoenix Stadium, home of the Arizona
Cardinals; and Jobing.Com Arena, home of the Phoenix Coyotes; and related development around the
district, it continues to be a vibrant area of the City.
During the fiscal year, economic development in the City resulted in the location or expansion of 22
companies resulting in 1,776 new jobs. Some of the companies now calling Glendale home include
Humana, Linamar Solar Systems, Advanced Healthcare of Glendale, and DeVry University. The City’s
industrial occupancy rate is 95% and the City’s retail occupancy rate is 92%, both performing higher than
Metropolitan Phoenix.
The City’s excise tax collections, primarily the City sales taxes, have remained level this fiscal year with no
growth. As a result, the City instituted spending cuts in general fund departments, except for police and
fire, continued a hiring freeze, and required mandatory furlough for city employees, except sworn police
and fire personnel.
Awards and acknowledgements. The Government Finance Officers Association (GFOA) awarded a
Certificate of Achievement for Excellence in Financial Reporting to the City for its Comprehensive Annual
Financial Report (CAFR) for the fiscal year ended June 30, 2009. This was the twenty-second consecutive
year the City has received this prestigious award, and the twenty-fourth year overall. In order to be
awarded a Certificate of Achievement, the government published an easily readable and efficiently
organized CAFR. This report satisfied both GAAP and applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only. We believe that our current CAFR
continues to meet the Certificate of Achievement Program’s requirements and we are submitting it to the
GFOA to determine its eligibility for another certificate.
In addition, the City also received the GFOA’s Distinguished Budget Presentation Award for its annual
budget document dated 2009-10. This is the twenty-third year in a row that the City has received the
highest form of recognition in governmental budgeting.
The preparation of this report would not have been possible without the efficient and dedicated services of
the entire staff of the Finance Department. I would like to express appreciation to all members of the
department who assisted and contributed to the preparation of this report. Credit also must be given to the
Mayor, Council, and City Manager for their unfailing support in maintaining the highest standards of
professionalism in the management of the City’s finances.
Respectfully submitted,

Diane Goke
Finance Director

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5

Glendale, Arizona
and Neighboring Communities

6

Glendale City Officials

Elaine M. Scruggs
Mayor

Joyce V. clark
Councilmember
Yucca District

Yvonne Knaack
Councilmember
Barrel District

Steve E. Frate
Vice Mayor/
Councilmember
Sahuaro District

H. Philip lieberman
Councilmember
Cactus District

David M. Goulet
Councilmember
Ocotillo District

Manuel D. Martinez
Councilmember
Cholla District

7

ED BEASLEY
City Manager

Glendale Council District Boundaries

Pinnacle Peak Rd.
Deer Valley Rd.

CHOLLA

Beardsley Rd.

Bell Rd.

N

Av
en
ue

SAHUARO

G
ra
nd

Loop
101

Union Hills Dr.

Greenway Rd.
Thunderbird Rd.
Cactus Rd.

BARREL

Peoria Ave.
Olive Ave.
Northern Ave.
Glendale Ave.

YUCCA

Bethany Home Rd.

OCOTILLO

YUCCA

CACTUS

YUCCA

8

43rd Ave.

51st Ave.

59th Ave.

67th Ave.

75th Ave.

83rd Ave.

91st Ave.

99th Ave.

107th Ave.

115th Ave.

El Mirage Rd.

Dysart Rd.

Litchfield Rd.

Bullard Ave.

Reems Rd.

Sarival Ave.

Cotton Ln.

Citrus Rd.

Perryville Rd.

Camelback Rd.

Mayor & Council
City Manager
Ed Beasley
Marketing & Comm.
Julie Frisoni

City Auditor
Candace Macleod

Interim Assistant
City Manager
Ken Reedy

Council Office Admin
Kristen Krey

Interim Deputy City Mgr
Public Works
(Rotational Opportunity)

Deputy City Mgr
Administrative Services
Horatio Skeete

Fire Chief
Mark Burdick

Police Chief
Steve Conrad

Asst to the Mayor
Steven Methvin

Deputy City Mgr
Community Services
Cathy Gorham

Deputy City Mgr
Community Development
Jim Colson

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Environmental Resources
Doug Kukino

Finance
Diane Goke
(Interim)

Parks & Recreation
Rebecca Benna

Building Safety
Deb Mazoyer

Field Operations
Stuart Kent

Budget & Mgmt
Sherry Schurhammer

Library & Arts
Sue Komernicky

Planning
Jon Froke

Utilities
Roger Bailey

Human Resources
Alma Carmicle

Code Compliance
Sam McAllen

Engineering
Larry Broyles

Information Technology
Chuck Murphy

Comm. Partnerships
Erik Strunk

Economic Development
Brian Friedman

Comm. Action Program
(Division)
Rebecca Daniel

Transportation
Jamsheed Mehta

Airport
(Division)
Judy Skeen

Revised: May 25, 2010

Intergov Programs
Brent Stoddard

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City of Glendale, Arizona
COMPREHENSIVE ANNUAL FINANCIAL REPORT
_________________________________________________________

FINANCIAL
SECTION

___________________________ FOR THE FISCAL YEAR ENDED JUNE 30, 2010

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HEINFELD, MEECH & CO., P.C.
CERTIFIED PUBLIC ACCOUNTANTS

3033 N. Central Avenue, Suite 300
Phoenix, Arizona 85012
Tel (602) 277-9449
Fax (602) 277-9297

INDEPENDENT AUDITORS’ REPORT

The Honorable Mayor and Members of the City Council
City of Glendale, Arizona

We have audited the accompanying financial statements of the governmental activities, the
business-type activities, each major fund, and the aggregate remaining fund information of the
City of Glendale, Arizona (the City) as of and for the year ended June 30, 2010, which
collectively comprise the City’s basic financial statements as listed in the table of contents.
These financial statements are the responsibility of the City’s management. Our responsibility is
to express opinions on these financial statements based on our audit.
We conducted our audit in accordance with auditing standards generally accepted in the United
States of America 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 of material misstatement. An audit includes examining, on a test
basis, evidence supporting the amounts and disclosures in the financial statements. An audit also
includes assessing the accounting principles used and the significant estimates made by
management, as well as evaluating the overall financial statement presentation. We believe that
our audit provides a reasonable basis for our opinions.
In our opinion, the financial statements referred to above present fairly, in all material respects,
the respective financial position of the governmental activities, the business-type activities, each
major fund, and the aggregate remaining fund information of the City of Glendale, Arizona as of
June 30, 2010, and the respective changes in financial position and cash flows, where applicable,
thereof for the year then ended in conformity with accounting principles generally accepted in
the United States of America.
In accordance with Government Auditing Standards, we have also issued our report dated
December 8, 2010, on our consideration of City of Glendale, Arizona’s internal control over
financial reporting and on our tests of its compliance with certain provisions of laws, regulations,
contracts and grant agreements and other matters. The purpose of that report is to describe the
scope of our testing of internal control over financial reporting and compliance and the results of
that testing, and not to provide an opinion on the internal control over financial reporting or on
compliance. That report is an integral part of an audit performed in accordance with Government
Auditing Standards and should be considered in assessing the results of our audit.
11
TUCSON • PHOENIX
11 • FLAGSTAFF
www.heinfeldmeech.com

Accounting principles generally accepted in the United States of America require that the
management’s discussion and analysis on pages 13 through 23 and budgetary comparison
information on pages 77 through 80 be presented to supplement the basic financial statements.
Such information, although not a part of the basic financial statements, is required by
Governmental Accounting Standards Board, who considers it to be an essential part of financial
reporting for placing the basic financial statements in an appropriate operational, economic, or
historical context. We have applied certain limited procedures to the required supplementary
information in accordance with auditing standards generally accepted in the United States of
America, which consisted of inquiries of management about the methods of preparing the
information and comparing the information for consistency with management’s responses to our
inquiries, the basic financial statements, and other knowledge we obtained during our audit of the
basic financial statements. We do not express an opinion or provide any assurance on the
information because the limited procedures do not provide us with sufficient evidence to express
an opinion or provide any assurance.
Our audit was conducted for the purpose of forming opinions on the financial statements that
collectively comprise the City’s financial statements as a whole. The accompanying
supplementary information such as the introductory section, combining and individual fund
financial statements and schedules, other supplementary information, and statistical section are
presented for purposes of additional analysis and are not a required part of the financial
statements. The combining and individual fund financial statements and schedules and other
supplementary information are the responsibility of management and were derived from and
relate directly to the underlying accounting and other records used to prepare the financial
statements. The 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 auditing standards generally accepted in the United States of America. In our
opinion, the information is fairly stated in all material respects in relation to the financial
statements as a whole. The introductory and statistical sections have not been subjected to the
auditing procedures applied in the audit of the basic financial statements and, accordingly, we do
not express an opinion or provide any assurance on them.

HEINFELD, MEECH & CO., P.C.
Certified Public Accountants

December 8, 2010

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City of Glendale, Arizona
COMPREHENSIVE ANNUAL FINANCIAL REPORT
_________________________________________________________

MANAGEMENT’S
DISCUSSION &
ANALYSIS
(Required Supplementary Information)

___________________________ FOR THE FISCAL YEAR ENDED JUNE 30, 2010

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CITY OF GLENDALE, ARIZONA
Management’s Discussion and Analysis (MD&A)
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)

Management’s Discussion and Analysis
As management of the City of Glendale (the City), we offer readers of the City’s financial statements this
narrative overview and analysis of the financial activities of the City for the fiscal year ended June 30, 2010.
We encourage readers to consider the information presented here in conjunction with additional information
that we have furnished in our letter of transmittal. All amounts, unless otherwise indicated, are expressed in
thousands of dollars.
Financial highlights
The financial statements, which follow the MD&A, provide these significant key financial highlights for 200910 as follows:
•

The City’s total net assets decreased $25,557 or 2.36%. The governmental net assets decreased by $21,549
or 3.23%, and the business-type net assets decreased by $4,008 or 0.97%.

•

General revenues from governmental activities decreased $9,132 or 4.59% and were 72.27% of all
revenues from governmental activities. Program specific revenues in the form of charges for services and
grants and contributions increased $10,149 or 16.21%.

•

The business-type activities total revenues increased by $9,496 or 9.06%.

•

The total cost of all City programs increased by $15,575 or 4.03%.

•

A major governmental fund, the general fund, had $137,789 in revenues, which is a decrease of $9,435 or
6.41% from the prior year. The primary sources of revenue in the general fund are local taxes and
intergovernmental taxes. The total expenditures of the general fund were $140,842, which is a decrease of
$15,450 or 9.89%. The fund balance decreased $13,784 or 26.19%. This decrease was due to the economy
and a planned approach to draw on reserves which accumulated during growth periods.

•

The City issued $41,650 in general obligation bonds. The bonds were used to fund the acquisition,
improvement and equipment of a variety of projects in the City.

Overview of the financial statements
This discussion and analysis is intended to serve as an introduction to the City’s basic financial statements. The
City’s basic financial statements are comprised of three components: 1) government-wide financial statements,
2) fund financial statements, and 3) notes to the financial statements. This report also contains other
supplementary information in addition to the basic financial statements themselves.
Government-wide financial statements. The Government-wide financial statements are designed to provide
readers with a broad overview of the City’s finances, in a manner similar to a private-sector business. The
accrual basis of accounting is used for government-wide financial statements.
The statement of net assets presents information on all of the City’s assets and liabilities, with the difference
between the two reported as net assets. Net assets are categorized as capital assets less related debt, restricted
by an outside party, and unrestricted. Over time, increases or decreases in net assets may serve as a useful
indicator of whether the financial position of the City is improving or deteriorating.
The statement of activities presents information showing how the City’s net assets changed during the most
recent fiscal year. All changes in net assets are reported as soon as the underlying event giving rise to the
change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this

13

CITY OF GLENDALE, ARIZONA
Management’s Discussion and Analysis (MD&A)
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)
statement for some items that will only result in cash flows in future fiscal periods (e.g., uncollected taxes and
earned but unused compensated absences).
Both of the government-wide financial statements distinguish functions of the City that are principally
supported by taxes and intergovernmental revenues (governmental activities) from other functions that are
intended to recover all or a significant portion of their costs through user fees and charges (business-type
activities). The governmental activities of the City include general government, public safety, public works,
community services, community environment, street maintenance, and interest on long-term debt. The
business-type activities of the City include water and sewer, landfill, sanitation, and housing.
Fund financial statements. A fund is a grouping of related accounts that is used to maintain control over
resources that have been segregated for specific activities or objectives. The City, like other state and local
governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal
requirements. All of the funds of the City can be divided into two categories: governmental funds and
proprietary funds.
Governmental funds. Governmental funds are used to account for essentially the same functions reported as
governmental activities in the government-wide financial statements. However, unlike the government-wide
financial statements, governmental fund financial statements use the modified accrual basis of accounting and
focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources
available at the end of the fiscal year. Such information may be useful in evaluating a government’s near-term
financing requirements.
Because the focus of governmental funds is narrower than that of the government-wide financial statements, it
is useful to compare the information presented for governmental funds with similar information presented for
governmental activities in the government-wide financial statements. By doing so, readers may better
understand the long-term impact of the City’s near-term financing decisions. Both the governmental fund
balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances
provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.
The City maintains 19 individual governmental funds. Information is presented separately in the governmental
fund balance sheet and in the governmental fund statement of revenues, expenditures, and changes in fund
balances for the major funds. Data from the other 16 governmental funds are combined into a single,
aggregated presentation. Individual fund data for each of these non-major governmental funds is provided in
the form of combining statements and schedules.
Proprietary funds. The City maintains two different types of proprietary funds. Enterprise funds are used to
report the same functions presented as business-type activities in the government-wide financial statements.
The City uses enterprise funds to account for its water and sewer, landfill, sanitation, and housing services.
Internal service funds are an accounting device used to accumulate and allocate costs internally among the
City’s various functions. The City uses internal service funds to account for its risk management, workers’
compensation and employee benefit activities. Because these services predominantly benefit governmental
rather than business-type functions, they have been included within governmental activities in the governmentwide financial statements.
Proprietary funds provide the same type of information as the government-wide financial statements, only in
more detail. The proprietary fund financial statements provide information for the water and sewer, and data
from the other three enterprise funds are combined into a single, aggregated presentation. Individual fund data
for each of the non-major enterprise funds are provided in the form of combining statements and schedules.
Conversely, all three internal service funds are combined into a single, aggregated presentation in the
proprietary fund financial statements. Individual fund data for the internal service funds is provided in the form
of combining statements elsewhere in this report.

14

CITY OF GLENDALE, ARIZONA
Management’s Discussion and Analysis (MD&A)
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)
Notes to the financial statements. The notes provide additional information that is essential to a full
understanding of the data provided in the government-wide and fund financial statements.
Additional required supplementary information. Following the basic financial statements is Required
Supplementary Information (RSI) that further explains and supports the financial information in the financial
statements. RSI presents the budgetary comparison schedule for general fund and transportation special
revenue fund.
Other information. The combining statements referred to earlier in connection with non-major governmental
funds and internal service funds are presented immediately following the notes to the RSI.
Government-wide financial analysis
As noted earlier, net assets may serve over time as a useful indicator of a City’s financial position. In the case
of the City, assets exceeded liabilities by $1,056,364 as of June 30, 2010.
By far the largest portion of the City’s net assets reflects its investment in capital assets (e.g., land, building,
machinery, and equipment); less any related debt used to acquire those assets that are still outstanding. The
City uses these capital assets to provide services to citizens. Consequently, these assets are not available for
future spending. Although the City’s investment in its capital assets is reported net of related debt, it should be
noted that the resources needed to repay this debt must be provided from other sources, since the capital assets
themselves cannot be used to liquidate these liabilities.
The City’s financial position is the product of several financial transactions including the net results of
activities, the acquisition and payment of debt, the acquisition and disposal of capital assets, and the
depreciation of capital assets.

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15

CITY OF GLENDALE, ARIZONA
Management’s Discussion and Analysis (MD&A)
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)
Net assets
The following table reflects the condensed Statement of Net Assets compared to prior year.
Condensed Statement of Net Assets
As of June 30, 2010, and 2009
(in thousands)

Governmental
Activities
2010
2009
Current and other assets
Capital assets, net
Total asse ts

$

318,362
1,299,538
1,617,900

$

T otal
Primary
Government
2010
2009

Business-T ype
Activities
2010
2009

349,783
1,279,423
1,629,206

$ 174,978
575,369
750,347

$ 189,374
570,621
759,995

$

493,340
1,874,907
2,368,247

$

539,157
1,850,044
2,389,201

Current liabilities
Noncurrent liabilities
Total liabilitie s

60,034
912,009
972,043

71,107
890,693
961,800

14,517
325,323
339,840

14,501
330,979
345,480

74,551
1,237,332
1,311,883

85,608
1,221,672
1,307,280

Net assets:
Invested in capital assets,
net of related debt
Restricted
Unrestricted
$
Total ne t asse ts

457,773
176,400
11,684
645,857

471,484
144,422
51,500
667,406

271,969
13,988
124,550
$ 410,507

286,452
13,249
114,814
$ 414,515

729,742
190,388
136,234
$ 1,056,364

757,936
157,671
166,314
$ 1,081,921

$

At the end of the current fiscal year, the City is able to report positive balances in all three categories of net
assets, both for the City as a whole, as well as for its separate governmental and business-type activities. The
same situation held true for the prior fiscal year.

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16

CITY OF GLENDALE, ARIZONA
Management’s Discussion and Analysis (MD&A)
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)
The following table presents a summary of the changes in net assets compared to prior year.
Changes in Net Assets
As of June 30, 2010, and 2009
(in thousands)
Governmental
Activities
2010
2009
Re ve nue s:
Program revenues:
Charges for services
$
Operating grants and contributions
Capital grants and contributions
T otal program revenues

39,423
29,596
3,755
72,774

$

T otal
Primary
Government
2010
2009

Business-T ype
Activities
2010
2009

35,879
24,146
2,600
62,625

$ 103,508
9,331
690
113,529

$

92,414
8,701
1,207
102,322

$

142,931
38,927
4,445
186,303

$

128,293
32,847
3,807
164,947

-

-

33,749
92,717
17,786

32,890
97,054
19,321

General revenues:
Property taxes
Sales taxes
State shared sales tax
Urban revenue sharing
(state shared income tax)
Auto in-lieu taxes
Investment earnings, unrestricted
Gain/(loss) on disposal of capital
Miscellaneous
T otal revenues

33,749
92,717
17,786

32,890
97,054
19,321

31,292
8,130
286
330
5,406
262,470

36,267
8,808
1,668
(52)
2,872
261,453

460
187
83
114,259

2,069
282
90
104,763

31,292
8,130
746
517
5,489
376,729

36,267
8,808
3,737
230
2,962
366,216

Expense s:
General government
Public safety
Public works
Community services
Community environment
Street maintenance
Interest on long-term debt
Water and sewer
Landfill
Sanitation
Housing
Total e xpe nse s
Exce ss be fore transfe rs
Transfe rs in (out)

42,530
108,308
16,627
44,524
6,316
23,058
42,286
283,649
(21,179)
(370)

39,545
109,136
15,040
48,143
3,539
23,978
38,982
278,363
(16,910)
(551)

81,910
8,454
14,093
14,180
118,637
(4,378)
370

74,424
8,045
14,039
11,840
108,348
(3,585)
551

42,530
108,308
16,627
44,524
6,316
23,058
42,286
81,910
8,454
14,093
14,180
402,286
(25,557)
-

39,545
109,136
15,040
48,143
3,539
23,978
38,982
74,424
8,045
14,039
11,840
386,711
(20,495)
-

Incre ase (de cre ase ) in ne t asse ts
(21,549)
(17,461)
667,406
684,867
Ne t asse ts, be ginning
$ 645,857 $ 667,406
Ne t asse ts, e nding

(4,008)
(3,034)
414,515
417,549
$ 410,507 $ 414,515

(25,557)
(20,495)
1,081,921
1,102,416
$ 1,056,364 $ 1,081,921

Changes in net assets. The decrease in net assets for the governmental activities was primarily due to the slow
down in the economy, which affects not only our City sales tax, but state shared revenues. The City’s revenue
from governmental activities for the fiscal year ended June 30, 2010, was $262,470. The cost of programs and
services for governmental activities was $283,649.
The decrease in net assets of $4,008 for the business activities was primarily due to the slowdown in the
economy. The City’s revenue from business-type activities for the fiscal year ended June 30, 2010, was
$114,259. The cost of programs and services was $118,637.

17

CITY OF GLENDALE, ARIZONA
Management’s Discussion and Analysis (MD&A)
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)

Expenses and Program Revenues - Governmental Activities

expenses
program revenues

$120,000

$100,000

$80,000

$60,000

$40,000

$20,000

$General
government

Public safety

Public works

Community
services

Community
environment

Expenses and Program Revenues - Business-Type Activities

Street maintenance Interest on longterm debt

expenses
program revenues

$90,000

$80,000

$70,000

$60,000

$50,000

$40,000

$30,000

$20,000

$10,000

$Water and sewer

Landfill

Sanitation

18

Housing

CITY OF GLENDALE, ARIZONA
Management’s Discussion and Analysis (MD&A)
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)

Revenue Sources Fiscal Year 2009-10
Investment earnings,
unrestricted
0.20%
Auto in-lieu taxes
2.16%

Gain/(loss) on disposal of
capital assets
0.14%

Urban revenue sharing
(state shared income tax)
8.31%

Miscellaneous
1.45%
State shared sales tax
4.72%

Charges for services
37.94%
Sales taxes
24.61%
Operating grants and
contributions
10.33%

Property taxes
8.96%

Capital grants and
contributions
1.18%

Functional Expenses Fiscal Year 2009-10
Housing
3.53%
Sanitation
3.51%

General government
10.57%

Landfill
2.10%

Public safety
26.92%

Water and sewer
20.36%

Interest on long-term debt
10.51%
Public works
4.13%
Street maintenance
5.73%
Community services
11.07%

Community environment
1.57%

19

CITY OF GLENDALE, ARIZONA
Management’s Discussion and Analysis (MD&A)
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)
Financial analysis of the City’s funds
As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-related legal
requirements.
Governmental funds. The focus of the City’s governmental funds is to provide information on near-term
inflows, outflows, and balances of spendable resources. Such information is useful in assessing the City’s
financing requirements. In particular, unreserved fund balance may serve as a useful measure of a city’s net
resources available for spending at the end of the fiscal year.
The financial performance of the City as a whole is reflected in its governmental funds.
•

As of the end of the current fiscal year, the City’s governmental funds reported combined ending fund
balances of $206,425, a decrease of $15,200 or 6.86% in comparison with the prior year.

•

Unreserved undesignated fund balance, which is available for spending at the City’s discretion within a
fund, was $106,153, a decrease of $1,347 from the prior year.

•

The City also had $14,834 in unreserved, designated fund balance, which represents self-imposed
limitations on the use of otherwise available expendable financial resources in governmental funds as
discussed in Note XV. Unreserved, designated fund balance showed a decrease from the prior year due
primarily to an increase in street construction projects activity in the fund balance designated for streets
construction.

•

The remainder of fund balance is reserved to indicate that it is not available for new spending because it has
already been committed for a variety of restricted purposes, such as perpetual care for the City’s cemetery,
debt service, and development impact fees.
Summary of Reserved Fund Balances
by Fund Type
(in thousands)
General
Special revenue
Debt service
Capital projects
Permanent
Total

$

9,383
17,789
52,355
356
5,555
$ 85,438

The general fund is the chief operating fund of the City. At the end of the current fiscal year, the unreserved
fund balance of the general fund was $29,463, while total fund balance was $38,846. As a measure of the
general fund’s liquidity, it may be useful to compare both unreserved fund balance and total fund balance to
total fund expenditures. Unreserved fund balance represents 20.92% of total general fund expenditures, while
total fund balance represents 27.58% of that same amount.
The transportation fund accounts for the City’s public transit program and transportation improvement projects.
The fund saw a decrease in fund balance of $15,425 for the fiscal year ended June 30, 2010. This decrease is
due to the expenditure of transportation revenue bonds to fund continuing efforts to improve public transit,
arterial streets, park and ride lots, and coordinated traffic signals.
The general obligation debt service fund accounts for the resources received from a secondary property tax levy
used to repay general obligation debt. The fund had a balance of $26,604 at June 30, 2010. This represents an
increase of $3,946 due to anticipated future debt service issuances.

20

CITY OF GLENDALE, ARIZONA
Management’s Discussion and Analysis (MD&A)
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)
Proprietary funds. The City’s proprietary funds provide the same type of information found in the
government-wide financial statements, but in more detail.
Net assets of the enterprise funds and the internal service funds decreased $9,131 or 2.15%. The enterprise
funds’ total net assets were 3.40% restricted and 30.55% unrestricted. 66.05% is invested in capital assets.
Internal service funds were 100.00% unrestricted.
The water and sewer fund accounts for operations, maintenance and construction projects of City-owned water
and sewer systems. The fund saw a decrease in net assets of $4,495 for the fiscal year ended June 30, 2010.
This decrease is primarily due to the decrease of restricted cash due to expenditures of bond funds, and while
we saw a decrease in water consumption due to foreclosures and the economy, we did have rate increases.
The internal service fund accounts for risk management, workers’ compensation, and employee benefits
provided to other departments. The fund saw a decrease of $5,541 for the fiscal year ended June 30, 2010. The
decrease was due to a reduction in the amount of premiums in the self-funded workers’ compensation and risk
management funds.
General fund budgetary highlights
Consistent with national economic conditions, the City's revenues were negatively impacted by the economic
downturn.
•

The City’s overall revenue decreased this year as a result of the economic pressures currently prevalent in
our economy.

•

General fund revenues were below the final budget by $12,164 or 7.04%, primarily due to decrease in
excise tax revenue.

•

General fund expenditures were less than the final budget by $30,870 or 15.97%. This positive variance
resulted because of the steps taken during the fiscal year to decrease expenses. Such steps included
mandatory furlough for employees and not filling vacant positions.

Capital asset and debt administration
Capital assets. The City’s investment in capital assets (net of accumulated depreciation) as of June 30, 2010,
for its governmental-type activities was $1,299,538 and for the business-type activities was $575,369. The
investment in governmental and business-type capital assets consisted of land, buildings, machinery and
equipment, and infrastructure for streets, parks, airport and street lighting, water and wastewater treatment
plants.
Major capital asset projects during the current fiscal year included the following:
•

Pavement infrastructure, $28,826

•

Relocation of Fire Station 151, $4,364

•

Flood Control drains, $9,408

•

Replacement of sanitation vehicles, $3,087

•

Sidewalks and curbs, $16,775

21

CITY OF GLENDALE, ARIZONA
Management’s Discussion and Analysis (MD&A)
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)
The following table is a summary of capital assets reflected in the June 30, 2010, financial statements as
compared to last year’s financial statements.
Capital Assets at Year End
(Net of depreciation)
(in thousands)
Governmental
Activities
2010
2009
Construction in progress
$
254,072
$ 288,509
Land
85,000
73,697
Water storage rights
Artwork
1,436
1,436
Buildings
289,838
294,894
Improvements other than buildings
89,878
82,994
Infrastructure-streets
444,636
411,116
Infrastructure-parks
54,475
49,270
Infrastructure-airport
7,100
7,563
Infrastructure-flood/storm drains
36,368
27,395
Water lines
Sewer lines
Water treatment plant
Sewer treatment plant
Meters and services
Fire hydrants
Machinery and equipment
17,446
21,909
Computer equipment
1,093
1,510
Software
175
229
Automotive equipment
18,021
18,901
T otal
$ 1,299,538
$ 1,279,423

Business-T ype
Activities
2010
2009
$ 57,115
$ 38,116
26,297
26,297
8,504
8,521
8,633
8,090
44,229
44,109
78,005
79,699
73,906
76,490
141,146
148,154
108,140
112,007
17,014
17,734
3,172
3,274
552
620
205
212
8,451
7,298
$ 575,369
$ 570,621

T otal
Primary
Government
2010
2009
$
311,187
$
326,625
111,297
99,994
8,504
8,521
1,436
1,436
298,471
302,984
134,107
127,103
444,636
411,116
54,475
49,270
7,100
7,563
36,368
27,395
78,005
79,699
73,906
76,490
141,146
148,154
108,140
112,007
17,014
17,734
3,172
3,274
17,998
22,529
1,298
1,722
175
229
26,472
26,199
$ 1,874,907
$ 1,850,044

The construction commitments at June 30 were $24,030.
Additional information on capital assets can be found in Note IV of the financial statements.
Long-term debt. At the end of the current fiscal year, the City had total debt outstanding of $1,150,251
compared to $1,146,823 last year, a 0.30% net increase.

General obligation
T ransportation revenue bond
Highway users revenue bonds
Municipal Property Corporation
revenue bonds
Western Loop 101 Public
Facilities Corporation
Capital lease obligation
Water and sewer
revenue bonds/obligations
Notes payable
T otal

$

$

Governmental
Activities
2010
2009
225,595
$ 197,738
102,490
105,035
23,910
27,480

Business-T ype
Activities
2010
2009
$
9,160
$ 10,127
-

$

T otal
Primary
Government
2010
2009
234,755
$
207,865
102,490
105,035
23,910
27,480

287,555

294,130

-

-

287,555

294,130

199,750
7,493

199,750
9,076

592

1,080

199,750
8,085

199,750
10,156

6,288
853,081

7,637
840,846

273,140
14,278
$ 297,170

282,345
12,425
$ 305,977

273,140
20,566
$ 1,150,251

282,345
20,062
$ 1,146,823

$

22

CITY OF GLENDALE, ARIZONA
Management’s Discussion and Analysis (MD&A)
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)
The City maintains an “AA” underlying rating from Standard & Poor’s and an “Aa2” underlying rating from
Moody’s for general obligation debt. The subordinate lien water and sewer revenue bonds are rated “A1” by
Moody’s and “AA” by Standard & Poor’s. Transportation bonds were assigned an underlying rating of “AA”
by Standard & Poor’s and “A1” by Moody’s.
The Arizona Constitution provides that the general obligation bonded indebtedness for a city for general
municipal purposes may not exceed 6% of the secondary assessed valuation of the taxable property in that city.
In addition to the 6% limitation for general municipal purpose bonds, cities may issue general obligation bonds
up to 20% of the secondary assessed valuation for supplying such city with water, sewer, artificial light, public
safety, law enforcement, fire and emergency services, streets and transportation facilities, and for the acquisition
and development of land for open space preserves, parks, playgrounds and recreational facilities. The City’s
current unused 6% and 20% debt limitation on June 30, 2010, was $98,884 and $262,370, respectively.
Additional information on long-term debt can be found in Note IX of the financial statements.
Economic factors and next year’s budgets and rates
The adopted fiscal year 2010-11 budget is $676,000 (down 12.77% from 2009-10), including a $339,479
operating budget (a decrease of .52% from 2010) and $194,431 in capital outlay (down 33.32% from 2010).
The fiscal year 2010-11 budget includes $57,285 contingency appropriation to cover emergency expenses or
revenue shortages.
•

As noted in prior years, Arizona cities are dependent on sales taxes and other economically sensitive
revenues and are susceptible to slowdowns in the economy. This is especially true in the current economic
climate not only of Arizona, but of the entire nation. The City has implemented cost saving measures and
will continue to seek ways to maintain quality services while not exceeding a smaller pool of revenues.

•

The City’s unemployment rate for June 2010 was 9.10%, which is an increase from a year ago. This
compares favorably to the state’s average unemployment rate of 9.60% and the national average rate of
9.50%.

Request for information
This financial report is designed to provide a general overview of the City’s finances for all those with an
interest in the City’s finances. Questions concerning any of the information provided in this report or requests
for additional financial information should be addressed to the Finance Director, 5850 West Glendale Avenue,
Suite 302, Glendale, Arizona 85301.

23

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24

City of Glendale, Arizona
COMPREHENSIVE ANNUAL FINANCIAL REPORT
_________________________________________________________

BASIC
FINANCIAL
STATEMENTS

___________________________ FOR THE FISCAL YEAR ENDED JUNE 30, 2010

This page left blank intentionally.

City of Glendale, Arizona
Statement of Net Assets
June 30, 2010
(amounts expressed in thousands)
Governmental
Activities
ASSETS
Equity in pooled cash and investments
Receivables (net of allowance for uncollectibles)
Property taxes
Accounts
Accrued interest
Intergovernmental receivable
Internal balances
Inventories and prepaid items
Restricted cash and investments
Capital assets:
Non-depreciable
Depreciable (net)
Deferred receivable
Equity in joint venture
Total assets

$

$

1,895
14,252
100
7,955
1,261
11,807
83,143

LIABILITIES
Vouchers payable
Accounts payable
Retainage payable
Accrued interest payable
Intergovernmental payable
Deposits
Unearned revenue
Noncurrent liabilities:
Due within one year
Due in more than one year
Total liabilities
NET ASSETS
Invested in capital assets, net of related debt
Restricted for:
Capital projects
Debt service
Transportation
Highway and streets
Vehicle replacement
Development impact fee
Revenue bond retirement, replacement, and extension
Perpetual care - nonexpendable
Other purposes
Unrestricted
Total net assets

190,980

Primary Government
Business-Type
Activities

$

56,572

Total
$

14,083
208
(1,261)
3,932
34,175

247,552
1,895
28,335
100
8,163
15,739
117,318

340,508
959,030
6,969
1,617,900

83,412
491,957
67,269
750,347

423,920
1,450,987
6,969
67,269
2,368,247

16,308
55
104
21,832
148
1,482
20,105

6,155
142
40
6,745
265
1,170
-

22,463
197
144
28,577
413
2,652
20,105

49,444
862,565
972,043

14,902
310,421
339,840

64,346
1,172,986
1,311,883

457,773

271,969

729,742

42,971
52,583
35,226
7,373
7,024
12,047
5,555
13,621
11,684
645,857

1,176
10,932
1,880
124,550
410,507

42,971
53,759
35,226
7,373
7,024
12,047
10,932
5,555
15,501
136,234
1,056,364

The notes to the financial statements are an integral part of this statement.

25

$

$

City of Glendale, Arizona
Statement of Activities
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)

Charges for
Services

Expenses
Functions/Programs
Primary government:
Governmental activities:
General government
Public safety
Public works
Community services
Community environment
Street maintenance
Interest on long-term debt
Total governmental activities
Business-type activities:
Water and sewer
Landfill
Sanitation
Housing
Total business-type activities
Total primary government

$

$

42,530
108,308
16,627
44,524
6,316
23,058
42,286
283,649

81,910
8,454
14,093
14,180
118,637
402,286

$

$

14,232
5,824
7,447
11,918
2
39,423

76,603
6,987
15,048
4,870
103,508
142,931

Program Revenues
Operating
Grants and
Contributions

$

$

579
5,866
39
2,378
6,009
14,725
29,596

9,331
9,331
38,927

General revenues:
Taxes:
Property taxes levied for:
General purposes
Debt service
Sales taxes
State shared sales tax
Urban revenue sharing (state shared income tax)
Auto in-lieu taxes
Investment earnings, unrestricted
Gain on disposal of capital assets
Miscellaneous
Transfers
Total general revenues and transfers
Change in net assets
Net assets - beginning
Net assets - ending
The notes to the financial statements are an integral part of this statement.

26

Capital
Grants and
Contributions

$

$

11
1,133
2,043
568
3,755

343
347
690
4,445

Net (Expense) Revenue and Changes in Net Assets
Primary Government
Governmental
Business-Type
Activities
Activities
Total

$

$

(27,708)
(95,485)
(9,141)
(28,185)
(307)
(7,763)
(42,286)
(210,875)

$

-

$

(27,708)
(95,485)
(9,141)
(28,185)
(307)
(7,763)
(42,286)
(210,875)

(210,875)

(4,964)
(1,467)
955
368
(5,108)
(5,108)

(4,964)
(1,467)
955
368
(5,108)
(215,983)

4,170
29,579
92,717
17,786
31,292
8,130
286
330
5,406
(370)
189,326
(21,549)
667,406
645,857

460
187
83
370
1,100
(4,008)
414,515
410,507

4,170
29,579
92,717
17,786
31,292
8,130
746
517
5,489
190,426
(25,557)
1,081,921
1,056,364

$

$

27

City of Glendale, Arizona
Balance Sheet
Governmental Funds
June 30, 2010
(amounts expressed in thousands)
Major Funds

General
ASSETS
Equity in pooled cash and investments
Receivables, net of allowance for doubtful accounts:
Property taxes
Accounts
Accrued interest
Due from other funds
Intergovernmental receivable
Inventories and prepaid items
Restricted cash and investments
Deferred receivables
Total assets
LIABILITIES AND FUND BALANCE
Liabilities:
Vouchers payable
Accounts payable
Retainage payable
Compensated absences - current
Intergovernmental payable
Due to other funds
Deposits
Matured interest payable
Deferred revenue
Matured bonds payable
Total liabilities
Fund Balances:
Reserved (Note XV)
Unreserved:
Designated (Note XV):
General fund
Special revenue funds
Capital project funds
Undesignated, reported in:
General fund
Special revenue funds
Capital projects funds
Total fund balances
Total liabilities and fund balances

$

34,760

$

232
7,487
99
2,810
2,287
228
3,086
50,989

$

$

7,143
15
5
978
74
1,476
2,452
12,143

General
Obligation
Debt Service

Transportation
$

20,651

$

1,566
1
724
75
13,741
36,758

$

1,424
10
23
60
15
1,532

Other Non-Major
Governmental
Funds

$

45,716

$

1,663
47,379

$

5,114
1,191
14,470
20,775

$

79,221

$

5,198
4,944
178
64,711
6,969
161,221

$

5,787
40
89
122
14
2,803
6
16,718
17,888
12,005
55,472

Total
Governmental
Funds
$

180,348

$

1,895
14,251
100
2,810
7,955
481
81,538
6,969
296,347

$

14,354
55
104
1,123
148
2,803
1,482
21,832
21,546
26,475
89,922

9,383

75

26,604

49,376

85,438

6,837
-

-

-

449
7,548

6,837
449
7,548

22,626
38,846
50,989

35,151
35,226
36,758

26,604
47,379

14,878
33,498
105,749
161,221

22,626
50,029
33,498
206,425
296,347

$

The notes to the financial statements are an integral part of this statement.

28

$

$

$

City of Glendale, Arizona
Reconciliation of the Balance Sheet of Governmental Funds
to the Statement of Net Assets
June 30, 2010
(amounts expressed in thousands)
Amounts reported for governmental activities in the statement of net assets are different because:
Fund balances - total governmental funds balance sheet

$

Capital assets used in governmental activities are not financial
resources and, therefore, are not reported in the funds.
Governmental capital assets
Less accumulated depreciation

$

206,425

1,713,616
(414,078)
1,299,538

Other long-term assets are not available to pay for current period
expenditures and, therefore, are deferred in the funds.

12,511

Internal service funds are used by management to charge
the costs of workers' compensation, risk management, and
employee benefits to individual funds. The assets and liabilities
of the internal service funds are included in governmental activities
in the statement of net assets.
Long-term liabilities, including bonds payable are not due and payable
in the current period and, therefore, are not reported in the funds.
Bonds payable
Notes payable
Capital lease obligations
Developer payable obligations
Compensated absences
OPEB obligations
Unamortized premium on debt issuance
Arbitrage rebate payable

3,190

(812,825)
(6,288)
(7,493)
(2,179)
(15,886)
(23,643)
(8,706)
(228)
(877,248)

Deferred revenue that is measurable but not yet available for governmental fund
activities is recognized as revenue for governmental-wide activities.
Net assets of governmental activities

1,441
$

The notes to the financial statements are an integral part of this statement.

29

645,857

City of Glendale, Arizona
Statement of Revenues, Expenditures and Changes in Fund Balances
Governmental Funds
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)
Major Funds

General
REVENUES
Taxes and special assessments
Licenses and permits
Intergovernmental
Charges for services
Fines and forfeitures
Investment income
Miscellaneous
Total revenues

$

EXPENDITURES
Current:
General government
Public safety
Public works
Community services
Community environment
Street maintenance
Miscellaneous
Debt service:
Principal
Interest
Capital outlay
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures
OTHER FINANCING SOURCES (USES)
Long-term debt issued
Premium on long-term debt issued
Proceeds from equipment disposal
Capital lease proceeds
Other uses:
Transfers in
Transfers out
Total other financing sources and uses
Net change in fund balances
Fund balances, July 1
Fund balances, June 30

$

57,537
8,641
58,490
5,658
4,050
(111)
3,524
137,789

General
Obligation
Debt Service

Transportation
$

19,488
2,509
130
2
204
471
22,804

$

29,312
354
29,666

Other Non-Major
Governmental
Funds
$

19,954
1,093
29,048
7,852
327
14,005
72,279

Total
Governmental
Funds
$

126,291
9,734
90,047
13,640
4,052
774
18,000
262,538

21,457
77,667
11,472
22,600
78
791
1,627

11,126
-

18

1,628
18,494
97
3,792
6,082
9,597
381

23,085
96,161
11,569
37,518
6,160
10,388
2,026

2,189
244
2,717
140,842

19,897
31,023

13,818
9,175
23,011

13,444
33,494
40,915
127,924

29,451
42,913
63,529
322,800

(3,053)

(8,219)

6,655

(55,645)

(60,262)

469
44

13
-

-

41,650
10
-

41,650
10
482
44

2,714
(13,958)
(10,731)

1,115
(8,334)
(7,206)

(2,709)
(2,709)

32,477
(8,429)
65,708

36,306
(33,430)
45,062

(13,784)

(15,425)

3,946

10,063

(15,200)

52,630
38,846

50,651
35,226

22,658
26,604

95,686
105,749

221,625
206,425

$

The notes to the financial statements are an integral part of this statement.

30

$

$

$

City of Glendale, Arizona
Reconciliation of the Statement of Revenues, Expenditures,
and Changes in Fund Balances of Governmental Funds
to the Statement of Activities
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)
Amounts for governmental activities in the statement of net assets are different because:
Net change in fund balances - total governmental funds

$

Governmental funds report capital outlays as expenditures. However, in the
statement of activities the cost of those assets is allocated over their estimated
useful lives and reported as depreciation. This is the amount by which capital
outlays of $63,529 exceeded depreciation of $43,722 for the current period.
The net effect of various transactions involving capital is to increase net assets.
Capital contributions
Disposals
Gain (loss) on sales

(15,200)

19,807

$

460
(482)
330
308

Revenues in the statement of activities that do not provide current financial
resources are not reported as revenues in the governmental funds.
The net effect of long-term debt issuance and the related transactions is
to increase net assets.
Bond premium
Bonds issuance costs
Principal paid
Long-term debt issued
Capital lease proceeds
Arbitrage rebate

(146)

(10)
748
29,451
(41,650)
(44)
104
(11,401)

Compensated absences reported in the statement of activities do not require the
use of current financial resources and, therefore, are not reported as
expenditures in governmental funds.

(1,029)

Other post employment benefits reported in the statement of activities do not require the
use of current financial resources and therefore, are not reported as expenditures in
governmental funds.

(7,858)

Internal service funds are used by management to charge the costs of workers'
compensation, risk management, and employee benefits to individual funds.

(5,225)

Expenses on the statement of activities differ from governmental
funds because of the portion not accrued on the governmental funds.

Change in net assets of governmental activities

(805)

$

The notes to the financial statements are an integral part of this statement.

31

(21,549)

City of Glendale, Arizona
Statement of Net Assets
Proprietary Funds
June 30, 2010
(amounts expressed in thousands)

ASSETS
Current assets:
Equity in pooled cash and investments
Receivables:
Accounts
Allowance for uncollectibles
Due from other funds
Intergovernment receivable
Inventories and prepaid items
Total current assets

Business-Type Activities - Enterprise Funds
Other
Major Funds
Proprietary
Water and Sewer
Funds
Total

Governmental
Activities Internal
Service Funds

$

$

46,609

Noncurrent assets:
Restricted cash and investments
Capital assets:
Capital assets
Accumulated depreciation
Capital assets, net
Equity in joint venture
Total noncurrent assets
Total assets
LIABILITIES
Current liabilities:
Vouchers payable
Accounts payable
Retainage payable
Compensated absences
Due to other funds
Intergovernmental payable
Deposits
Unearned rent
Estimated claims payable
Current portion of long-term debt:
General obligation bonds
Unamortized premium on debt issuance
Revenue bonds/obligations payable
Capital lease obligations
Other long-term debt
Interest payable
Total current liabilities
Noncurrent liabilities:
Compensated absences
General obligation bonds
Unamortized premium on debt issuance
Revenue bonds/obligations payable
OPEB long-term obligations
Other long-term debt
Notes payable
Capital lease obligations
Claims payable
Estimated closure and post-closure costs
Total noncurrent liabilities
Total liabilities
NET ASSETS
Invested in capital assets, net of related debt
Restricted for:
Debt service
Revenue bond retirement, replacement and extension
Other purposes
Unrestricted
Total net assets

$

$

9,963

32

56,572

10,632

12,818
(885)
3,922
62,464

2,349
(199)
959
208
10
13,290

15,167
(1,084)
959
208
3,932
75,754

1
69
10,702

12,132

22,043

34,175

1,605

741,441
(191,205)
550,236

48,096
(22,963)
25,133

789,537
(214,168)
575,369

67,269
629,637
692,101

47,176
60,466

67,269
676,813
752,567

1,605
12,307

5,663
66
40
1,518
265
787
-

492
76
661
966
361
22
-

6,155
142
40
2,179
966
265
1,148
22
-

1,954
5,195

860
367
9,650
1,405
6,739
27,360

441
6
3,025

860
367
9,650
441
1,405
6,745
30,385

7,149

418
8,300
5,863
263,490
3,175
12,873
294,119
321,479

390
1,905
43
151
13,813
16,302
19,327

808
8,300
5,863
263,490
5,080
43
12,873
151
13,813
310,421
340,806

1,968
1,968
9,117

247,428

24,541

271,969

-

1,176
10,932
111,086
370,622

1,880
14,718
41,139

1,176
10,932
1,880
125,804
411,761

3,190
3,190

$

Adjustment to reflect the consolidation of internal service fund activities related to enterprise funds
Net assets of business-type activities
The notes to the financial statements are an integral part of this statement.

$

$

(1,254)
410,507

-

$

City of Glendale, Arizona
Statement of Revenues, Expenses, and Changes in Fund Net Assets
Proprietary Funds
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)

Operating revenues:
Intergovernmental
Metered water sales
Sewer service charges
Container service
Curb service
Landfill user fees
Self-insurance premium
Recycling sales
Other fees
Total operating revenues

Business-Type Activities - Enterprise Funds
Other
Major Funds
Proprietary
Water and Sewer
Funds
Total

Governmental
Activities Internal
Service Funds

$

$

Operating expenses:
Water
Sewer
Landfill
Housing
Closure/post-closure care adjustment
Sanitation
Administrative and general
Insurance claims
Amortization and depreciation
Total operating expenses
Operating income (loss)

$

19,014
12,118
12,496
19,406
63,034
12,712

Nonoperating revenues (expenses):
Impact fees
Investment income
Interest expense
Net loss from joint venture
Amortization of bond issuance cost
Gain on disposal of assets
OPEB expense
Total nonoperating revenues (expenses)
Income (loss) before contributions and transfers
Capital contributions
Transfers in
Transfers out
Change in net assets
Total net assets - beginning
Total net assets - ending

41,788
29,092
4,866
75,746

$

9,332
4,510
10,534
4,950
1,915
4,973
36,214

$

5,871
13,655
1,532
12,323
2,501
35,882
332

9,332
41,788
29,092
4,510
10,534
4,950
1,915
9,839
111,960

19,014
12,118
5,871
13,655
1,532
12,323
12,496
21,907
98,916
13,044

940
301
(12,920)
(4,485)
(169)
41
(1,044)
(17,336)

23
189
(50)
146
(636)
(328)

963
490
(12,970)
(4,485)
(169)
187
(1,680)
(17,664)

(4,624)
313
(184)
(4,495)

4
347
561
(7)
905

(4,620)
660
561
(191)
(3,590)

375,117
370,622

$

Adjustment to reflect the consolidation of internal service fund activities related
to enterprise funds
Change in net assets of business-type activities
The notes to the financial statements are an integral part of this statement.

33

40,234
41,139

27,937
27,937
(2,389)

94
94
(2,295)
(3,246)
(5,541)

$

$

(418)
(4,008)

25,246
302
25,548

8,731
3,190

City of Glendale, Arizona
Statement of Cash Flows
Proprietary Funds
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)
Business-Type Activities - Enterprise Funds
Other
Major Funds
Proprietary
Water and Sewer
Funds
Total
Cash flows from operating activities:
Cash received from customers
Cash received from federal government
Cash paid to suppliers:
Internal city departments
External vendors
Cash paid for insurance and in settlement
of claims
Cash paid to employees for services
Net cash provided (used) by operating activities

$

Cash flows from noncapital
financing activities:
Transfers in
Transfers out
Net cash provided (used) by noncapital
financing activities
Cash flows from capital and related
financing activities:
Proceeds from sale of capital assets
Principal payments on obligations
Acquisition of capital assets and rights
Impact fees
Interest payments on obligations
Capital grant proceeds
Net cash (used) by
capital and related financing activities

74,505
-

$

27,210
9,501

$

Governmental
Activities Internal
Service Funds

101,715
9,501

(8,380)
(16,708)

(15,771)
(36,339)

(14,974)
32,509

(7,937)
3,686

(22,911)
36,195

(26,582)
(1,017)

(184)

561
(7)

561
(191)

(3,246)

(184)

554

370

(3,246)

-

41
(8,187)
(26,719)
940
(13,753)
-

(620)
(3,471)
23
(57)
347

41
(8,807)
(30,190)
963
(13,810)
347

-

(47,678)

(3,778)

(51,456)

-

301
301

1
189
190

1
490
491

Net increase (decrease) in cash and cash
equivalents during fiscal year

(15,052)

652

(14,400)

$

25,565
-

(7,391)
(19,631)

Cash flows from investing activities:
Proceeds from sale of investments
Interest received from investments
Net cash provided by investing activities

Cash and cash equivalents, July 1
Cash and cash equivalents, June 30

$

73,793
58,741

The notes to the financial statements are an integral part of this statement.

34

$

31,354
32,006

$

105,147
90,747

94
94

(4,169)

$

16,406
12,237

Business-Type Activities - Enterprise Funds
Other
Major Funds
Proprietary
Water and Sewer
Funds
Total
Reconciliation of operating income (loss)
to net cash provided (used) by
operating activities:
Operating income (loss)
Adjustments to reconcile operating
income (loss) to net cash provided (used)
by operations:
Amortization and depreciation
Changes in assets and liabilities:
Accounts receivable
Intergovernmental receivable
Inventories and prepaid items
Vouchers and accounts payable
Accrued expenses
Due to other funds
Deposits
Unearned rent
Compensated absences
Claims payable
Estimated closure and post-closure
costs
Net cash provided (used) by operating activities

Reconciliation of statement of net assets
cash and investments to the
statement of cash flows:
Per combined statement of net assets:
Equity in pooled cash and investments
Restricted cash and investments
Total cash and cash equivalents
Noncash investing, capital,
and financing activities:
Contributions of capital assets
Loss on joint venture
Estimated closure and post-closure
costs

$

12,712

$

19,406

$
$

$

32,509

$

$

313
(4,485)

$

35

$

1,532
3,686

$

$

$

-

$

$

1,532
36,195

17
(7)
190
1,172

$

56,572
34,175
90,747

$

313
(4,485)

$

1,532

(2,389)

-

(2,673)
400
1,662
150
28
(301)
75
14
357
-

9,963
22,043
32,006

1,532

13,044

21,907

31
400
(3)
(995)
(301)
58
14
117
-

46,609
12,132
58,741

-

$

2,501

(2,704)
1,665
1,145
28
17
240
-

$

332

Governmental
Activities Internal
Service Funds

$

(1,017)

10,632
1,605
12,237

-

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
Notes to the Financial Statements
The Notes to the Basic Financial Statements include a summary of significant accounting policies and other
disclosures considered necessary for a clear understanding of the accompanying financial statements.
Index
Note

Page

Summary of Significant Accounting Policies ............................................................................. I ............................. 37
Compliance – Excess of Expenditures Over Appropriations/Deficits in Fund Equity ............. II ............................. 45
Deposits and Investments ........................................................................................................ III ............................. 45
Capital Assets .......................................................................................................................... IV ............................. 47
Construction and Other Significant Commitments ................................................................... V ............................. 49
Self-Insurance Funds ............................................................................................................... VI ............................. 50
Leases .....................................................................................................................................VII ............................. 51
Short-Term Debt ................................................................................................................... VIII ............................. 52
Long-Term Debt ...................................................................................................................... IX ............................. 52
Landfill Obligations .................................................................................................................. X ............................. 61
Interfund Transactions ............................................................................................................. XI ............................. 62
Encumbrances.........................................................................................................................XII ............................. 64
Equity in Joint Venture ......................................................................................................... XIII ............................. 64
Jointly Governed Organizations ........................................................................................... XIV ............................. 65
Fund Balance/Net Assets Reservation, Designation, and Restriction .................................... XV ............................. 65
Employee Retirement Systems and Pension Plans ............................................................... XVI ............................. 69
Other Post-Employment Benefits ........................................................................................ XVII ............................. 73
Contingent Liabilities and Commitments .......................................................................... XVIII ............................. 74
Subsequent Events ................................................................................................................ XIX ............................. 74
Implementation of GASB No. 54 .......................................................................................... XX ............................. 75

36

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
I.

Summary of significant accounting policies
A. Government-wide and fund financial statements
The government-wide financial statements (i.e., the statement of net assets and the statement of
activities) report information on all of the activities of the primary City and its component units.
Governmental activities, which normally are supported by taxes and intergovernmental revenues, are
reported separately from business-type activities, which rely to a significant extent on fees and charges
for support.
There are several types of transactions that are reported in the financial statements as interfund items.
Transactions that would be treated as revenue, expenditures or expenses if they involved organizations
external to the governmental unit, like the sale of water from the water and sewer fund to various
functions of the general fund, are accounted for as revenue and expenditures or expenses in the funds
involved. Transactions that constitute reimbursement to a fund for expenditures or expenses initially
made from that fund, which are properly applicable to another fund, are recorded as expenditures or
expenses in the reimbursing fund and as reductions of the expenditure or expense in the fund that is being
reimbursed. Governmental Accounting Standards Board (GASB) Statement 34 also requires that
administrative service fees charged to other operating funds to support general services used by the other
operating funds (like purchasing, accounting and administration) should be treated as reimbursement
transactions and the revenue and expenditures/expenses reduced in the allocating fund. Transfers
between funds are included in the results of both governmental and proprietary funds (as other
sources/uses in governmental funds and as non-operating revenues/expenses in proprietary funds).
Activities between funds that are representative of lending/borrowing arrangements outstanding at the
end of the fiscal year are reported in the fund financial statements as “due to/from other funds.”
Certain transactions occurring between funds that are combined within the same fund type or displayed
in the same financial statement column for presentation in these annual financial statements have been
eliminated from the financial statements. These transactions include transfers between funds and
interdepartmental service charges. In the government-wide financial statements, only the net interfund
activity and balances between governmental activities and business-type activities are shown (reported as
“internal balances”).
The statement of activities demonstrates the degree to which the direct expenses of a given function or
segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a
specific function or segment. Program revenues include: 1) charges to customers or applicants who
purchase, use, or directly benefit from goods, services, or privileges provided by a given function or
segment, and 2) grants and contributions that are restricted to meeting the operational or capital
requirements of a particular function or segment. Taxes and other items not properly included among
program revenues are reported instead as general revenues.
Separate financial statements are provided for governmental funds and proprietary funds. Major
individual governmental funds and major individual enterprise funds are reported as separate columns in
the fund financial statements.
The internal service funds are eliminated on an entity-wide basis as per GASB Statement 34.
B. Reporting entity
The City of Glendale, Arizona (City) was incorporated June 18, 1910, under the provisions of Article 13,
Sections 1 through 6 of the Constitution of Arizona and Title 9 of the Arizona Revised Statutes. It is
governed by a Mayor elected at large, and six district council members. The City operates under a

37

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
Council-Manager government. As required by GAAP, these financial statements present the government
and its component units, entities for which the City is considered to be financially accountable. Blended
component units, although legally separate entities, are, in substance, part of a government’s operations,
so data from these units are combined with data of the primary government. A discretely presented
component unit, on the other hand, is reported in a separate column in combined financial statements to
emphasize that it is legally separate from the government. The City has no discretely presented
component units.
Blended component units
City of Glendale, Arizona, Municipal Property Corporation (MPC) is a non-profit corporation organized
under the laws of the State of Arizona to assist the City in the acquisition and financing of municipal
projects and facilities. MPC is governed by a board of directors who are responsible for approving the
corporation’s bond sales. Bond sales must also be approved by the City Council. Although it is legally
separate from the City, MPC is reported as if it is part of the primary government because its sole
purpose is to finance and construct public facilities for the City. MPC does not issue separate audited
financial statements. However, it does file a tax return with the Internal Revenue Service. Copies of the
tax return are available from the City’s Finance Department.
City of Glendale, Arizona, Western Loop 101 Public Facilities Corporation (PFC) is a non-profit
corporation organized under the laws of the State of Arizona to assist the City to finance, construct and
equip a spring training baseball facility for two major league teams and all other related infrastructure.
The Board of Directors of the PFC, appointed by the City Council, consists of four City employees and
one private citizen. The Board of Directors is responsible for authorizing debt (obligations) of the PFC.
The City Council also approves the debt of the PFC. Although the PFC is a legally separate entity from
the City, the PFC is reported as if it is part of the primary government because its sole purpose is to
finance and construct public facilities for the City. The PFC does not issue separate audited financial
statements. The PFC does file a tax return with the Internal Revenue Service. Copies of the tax return
are available from the City’s Finance Department.
C. Form of presentation – Government-wide financial statements
The City reports the following major governmental funds:
The general fund is the City’s primary operating fund. It accounts for all financial resources of the
general City, except those required to be accounted for in another fund.
The transportation fund accounts for the City’s public transit program including activities funded by
federal grants and distributions received from the Arizona State Lottery. Additionally, on November
6, 2001, Glendale voters authorized a new half-cent sales tax to pay for transportation projects and
programs for all modes of transportation.
The general obligation debt service fund accounts for the resources accumulated through a secondary
property tax levy and payments made for principal and interest on long-term general obligation debt of
governmental funds.
The City reports the following major proprietary fund:
The water and sewer fund accounts for operations, maintenance and construction projects of the Cityowned water and sewer systems.

38

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
Additionally, the City reports the following internal service funds:
Internal service funds account for risk management, workers’ compensation and employee benefits
provided to other departments.
Private-sector standards of accounting and financial reporting issued prior to December 1, 1989,
generally are followed in both the City-wide and proprietary fund financial statements to the extent that
those standards do not conflict with or contradict guidance of the Governmental Accounting Standards
Board. Cities also have the option of following subsequent private-sector guidance for their businesstype activities and enterprise funds, subject to this same limitation. The City has elected not to follow
subsequent private-sector guidance.
D. Form of presentation – fund financial statements
The accounts of the City are organized on the basis of funds, each of which is considered a separate
accounting entity. The operations of each fund are accounted for with a separate set of self-balancing
accounts that comprise its assets, liabilities, fund equity, revenues, and expenditures/expenses, as
appropriate. Government resources are allocated to, and accounted for, in individual funds based upon
the purposes for which they are to be spent and the means by which spending activities are controlled.
The following funds are presented in the accompanying financial statements.
Governmental funds
Governmental funds are those through which most governmental functions of the City are financed. The
acquisition, use and balances of the City’s expendable financial resources and related liabilities (except
those accounted for in proprietary funds) are accounted for through governmental funds. The
measurement focus is based upon determination of financial position and changes in financial position
rather than upon the determination of net income. The following governmental funds are presented in the
accompanying financial statements.
General fund: The general fund is the general operating fund of the City. It is used to account for all
financial resources except those required to be accounted for in another fund.
Special revenue funds: Special revenue funds are used to account for the proceeds of specific revenue
sources (other than major capital projects) that are legally restricted to expenditures for specified
purposes.
Debt service funds: Debt service funds are used to account for the accumulation of financial resources
for the payment of general long-term debt principal, interest, and related costs, except the debt service
accounted for in the enterprise funds. Debt service funds also include the debt payable from highway
user’s gas tax revenues and unrestricted excise tax revenues as well as debt funded by property taxes
levied by the City on property located within the City.
Capital projects funds: Capital projects funds are used to account for financial resources to be used for
the acquisition or construction of major capital facilities (other than those financed by proprietary
funds and trust funds).
Permanent fund: Permanent fund is used to account for financial resources to be used by the cemetery
fund.
Proprietary funds
Proprietary funds are used to account for the City’s ongoing organizations and activities, which are
similar to those found in the private sector. The measurement focus is based upon the determination of
net income.

39

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
Enterprise funds: Enterprise funds are used to account for operations, including debt service, 1) that
are financed and operated in a manner similar to private business enterprises where the intent of the
governing body is that the costs (including depreciation) of providing goods or services to the general
public on a continuing basis be financed or recovered primarily through user charges, or 2) where the
governing body has decided that periodic determination of revenues earned, expenses incurred, and/or
net income is appropriate for capital maintenance, public policy, management control, accountability,
or other purposes. The enterprise funds, which the City currently maintains, are the water and sewer,
landfill, sanitation, and housing funds.
Internal service funds: Internal service funds are used to account for the financing of self-insurance
provided by one City department to other City departments on a cost-reimbursement basis.
E. Measurement focus and basis of accounting
The City-wide financial statements are reported using the economic resources measurement focus and the
accrual basis of accounting, as are the proprietary fund financial statements. Revenues are recorded
when earned, and expenses are recorded when a liability is incurred, regardless of the timing of related
cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and
similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider
have been met.
Governmental fund financial statements are reported using the current financial resources measurement
focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both
measurable and available except as described below in relation to grants. Revenues are considered to be
available when they are collected within the current period or soon enough thereafter to pay liabilities of
the current period. For this purpose, the City considers revenues to be available if they are collected
within 30 days of the end of the current fiscal period. Expenditures generally are recorded when a
liability is incurred, as under accrual accounting. However, principal and interest on general long-term
debt are recorded as fund liabilities when due or when amounts have been accumulated in the related
debt service fund for payments to be made shortly after fiscal year-end.
Revenues susceptible to accrual because of their availability include property tax, sales tax, highway
user’s tax, state shared sales tax, vehicle license tax, and interest earned on investments. Licenses and
permits, charges for services, fines and forfeitures, and miscellaneous revenues are recorded as revenues
when received in cash because they are generally not measurable until actually received.
In applying the susceptible to accrual concept to intergovernmental revenues, the decision to accrue
depends on the terms of the arrangement or agreement. Generally, these resources are reflected as
revenue at the time of receipt or earlier if they meet the available criterion. Certain grant revenues are
recognized based on expenditures recorded. Special assessment levies are reported as revenue when
measurable and available.
Grant revenues are recognized when all eligibility requirements are met, not necessarily when received.
Grant monies that have been received but are as yet unearned are carried forward as deferred revenue.
However, earned but not yet received grant monies are recognized as revenue and carried forward as
receivables. This practice is defined and supported by GASB Statement 33, as it pertains to
“government-mandated nonexchange transactions,” paragraphs 19-25.
F. Statement of cash flows
The City considers short-term investments (including restricted assets) in the State of Arizona Local
Government Investment Pool (LGIP), mutual fund-money market, U.S. Treasury bills and notes with
original maturities of three months or less at acquisition date to be cash equivalents.

40

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
G. Inventories and prepaid items
Inventories of the governmental and enterprise funds consist primarily of expendable supplies held for
consumption. These inventories are maintained on a perpetual system verified through cyclical physical
counts and are valued using a weighted average cost. Generally, expenditures are recorded at the time
inventories are used (i.e., the consumption method) for both GAAP reporting and budgetary purposes.
However, the City postage inventory is recorded as an expenditure at time of purchase (i.e., the purchase
method) for budgetary purposes. At June 30, 2010, the postage portion of the general fund supplies
inventory was $27. Certain expenditures are recorded for financial reporting purposes as prepaid items.
Special reporting treatment is applied to governmental fund inventories to indicate that they do not
represent available expendable financial resources, even though they are a component of current assets.
Such amounts have been offset by a fund balance reserve account.
H. Restricted assets
Certain proceeds of the City’s bonds, as well as certain resources set aside for their repayment, are
classified as restricted on the balance sheet, or statement of net assets, because they are maintained in
separate bank accounts and their use is limited by applicable debt covenants. When both restricted and
unrestricted resources are available for use, it is the City’s policy to use restricted resources first, then
unrestricted resources, as they are needed.
I.

Capital assets
The City has chosen not to apply the modified approach to any networks or subsystems of infrastructure
assets. No long-term assets or depreciation are shown in the governmental fund financial statements.
Capital assets, including public domain infrastructure (e.g., roads, bridges, sidewalks and other assets that
are immovable and of value only to the City) are defined as assets with an initial, individual cost of more
than $5 and an estimated useful life greater than three years. Capital assets are recorded at cost or
estimated historical cost if purchased or constructed. Donated capital assets are recorded at the estimated
fair market value at the date of donation.
The cost of normal maintenance and repairs that do not add to the value of the asset or materially extend
the assets’ lives are not capitalized. Major improvements are capitalized and depreciated over the
remaining useful lives of the related capital assets.
Major outlays for capital assets and improvements are capitalized as projects are constructed. Interest
incurred during the construction phase of capital assets of business-type activities is included as part of
the capitalized value of the assets constructed. The total interest expense incurred by the enterprise funds
during the current fiscal year was $12,970. In addition, $301 was included as part of the cost of capital
assets under construction in connection with water and sewer projects.
Capital assets are depreciated using the straight-line method over the following estimated useful lives:
Assets
Buildings
Improvements other than buildings
Infrastructure
Machinery and equipment
Automotive equipment
Software
Computer equipment

Useful Life (Years)
30
10-20
10-100
5-8
6-8
3
3-5

41

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
Capital assets transferred between funds are transferred at their carrying value (cost less accumulated
depreciation) as of the date of the transfer.
J.

Water storage rights
The City has entered into a lease agreement with Salt River Pima-Maricopa Indian Community (SRPMIC) for the rights to 1,814 acre-feet of water each year through 2099. These rights, costing $2,693, are
being amortized over 40 years on a straight-line basis starting January 1, 2000. Current year
amortization was $69. The net book value of water rights as of June 30, 2010, is $1,986. In addition, the
City will be responsible for paying for the cost of water delivered each year.
The City participates in the Plan Six cost sharing agreement to construct the Waddell Dam on the Agua
Fria River and modify the Roosevelt and Stewart Mountain Dams on the Salt River. The parties to this
agreement include the United States government, State of Arizona, Central Arizona Water Conservation
District, Salt River Project, and the cities of Phoenix, Chandler, Glendale, Mesa, Scottsdale, Tempe and
Tucson. The federal government has determined that this agreement does not constitute a joint venture.
As of June 30, 2010, the City has capitalized payment of $4,491 for these water rights. The City will
amortize this asset over 40 years on a straight-line basis starting July 1, 2010.
The City purchased Central Arizona Project water rights as part of the Salt River Pima-Maricopa Indian
Community Water Rights Settlement in November 2007. These rights, as of June 30, 2010, costing
$2,027, are a permanent right and are considered to have an indefinite useful life.

K. Fund balance/net assets reservations and designations
In the fund financial statements, governmental funds report reservations of fund balance for amounts that
are not available for appropriation by legislative action by the City Council or are legally restricted by
outside parties for use for a specific purpose. Designations of fund balance represent tentative
management plans that are subject to change. Only restrictions imposed by external sources are shown
as restricted net assets on the government-wide financial statements. Reservations or designations of net
assets imposed by the reporting government, whether by administrative policy or legislative action of the
reporting government, are shown in aggregate on the governmental fund financial statements.
L. Property tax
The City levies taxes on real and personal property located within its boundaries. Property values are
assessed by the Maricopa County Tax Assessor. The tax levy is then approved by the State of Arizona
Property Tax Oversight Commission. The County Treasurer bills and collects property taxes and remits
them to the City monthly. City property tax revenues are recognized when levied to the extent that they
are received within the current period, or soon enough thereafter (within 30 days of year-end), to pay
liabilities of the current period. Remaining collectible taxes are accrued and reflected as deferred
revenue.
Property Tax Calendar
Lien date
Levy (assessment) date (third Monday in August)
Due dates:
First half of assessment
Second half of assessment
Penalties and interest added (collection dates):
First half of assessment
Second half of assessment

42

January 1, 2009
August 17, 2009
October 1, 2009
March 1, 2010

November 3, 2009
May 4, 2010

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
The City currently levies less than the maximum allowed by State Statutes for primary property taxes.
The City is permitted to levy an increase of two percent over the previous year’s maximum allowable
primary levy plus an increased dollar amount due to a net gain in property not taxed the previous year.
The secondary property tax levy is made for the purpose of retiring the principal, interest and servicing
fees on bonded indebtedness. The City may levy the amount deemed necessary to meet its bonded debt
service requirements. Assessed values are established by the Maricopa County Tax Assessor each year
on a uniform basis ratio to full cash value of each property class as required by State Statutes.
The distribution of the City’s levy (tax rate per $100 assessed value) to its funds for the year ended June
30, 2010, is as follows:
Fund
General fund
General obligation debt service fund
Total

Rate
0.22
1.37
$
1.59
$

M. Compensated absences
Vacation time is accumulated up to a maximum of nine workweeks and compensatory time is earned in
lieu of cash payment for overtime. Both vacation and compensatory time can either be taken as time off
from work, within certain limitations, or may be payable to employees upon termination or retirement.
Employees who have ten or more years of service will receive upon retirement 100% of up to 160 hours
of vacation accrued. Any remaining vacation time above 160 hours will be 100% contributed to a
mandatory Retiree Health Savings plan for the employee. Sick leave is accumulated without limit and
can be used in the event of an illness in the immediate family. Accumulated sick leave can be converted
to a cash benefit on a biannual basis for employees based on one third of the average hourly rate the last
36 months. Employees must maintain a minimum sick leave balance on the books. Employees who retire
and have ten or more years of service will have 40% of their accrued sick time contributed to a
mandatory Retiree Health Savings plan based on their average hourly wage over the last 36 months.
Employees who have five to ten years of service will receive one-third of their sick leave balance based
on their average hourly wage over the last 36 months in cash payout.
The current portion of the liability for compensated absences recorded in the governmental fund is equal
to: 1) vacation and compensatory time taken and paid during the thirty days following the year ended
June 30, 2010, and 2) sick leave, taken and paid for illness during that period, paid to terminating
employees or paid under the optional annual declaration. Long-term liabilities of governmental funds are
not shown on the fund financial statements. All of the outstanding vacation, compensatory time, and sick
leave are recorded as a liability on the government-wide financial statements, and the proprietary fund
financial statements, according to payment policy.
N. Deferred revenue
Governmental funds report deferred revenue in connection with receivables for revenues that are not
considered to be available to liquidate liabilities of the current period. Governmental funds also defer
revenue recognition in connection with resources that have been received, but not yet earned.
Revenues related to time payment contracts are recorded as deferred revenue earned but not available in
the permanent fund.
Revenues related to court fines are recorded as deferred revenue until adjudicated by the Court.
Revenues related to property tax levies are recorded as deferred revenue until available to fund current
activities.
43

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
Special revenue funds’ deferred revenue and receivables consist principally of low interest rate loans
made with grants from the Community Development Block Grant program for rehabilitation of homes
for low to moderate income Glendale residents. Revenue will be recognized in future periods as loans
are repaid or forgiven based on the homeowner’s loan contract. An expenditure was recorded when the
loans were made.
O. Long-term obligations
In the government-wide financial statements, and proprietary fund types in the fund financial statements,
long-term debt and other long-term obligations are reported as liabilities in the applicable governmental
activities, business-type activities, or proprietary fund type statement of net assets. Bond premiums and
discounts, as well as issuance costs, are deferred and amortized over the life of the bonds using the
straight-line method, which approximates the effective interest method. Bonds payable are reported net
of the applicable bond premium or discount.
In the fund financial statements, governmental fund types recognize bond premiums and discounts, as
well as bond issuance costs, during the current period. The face amount of debt issued is reported as
other financing sources. Premiums received on debt issuances are reported as other financing sources
while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not
withheld from the actual debt proceeds received, are reported as debt service expenditures.
P. Operating revenues and expenses
Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating
revenues and expenses generally result from providing services and producing and delivering goods in
connection with a proprietary fund’s principal ongoing operations. The principal operating revenues of
the enterprise funds and the City’s internal service funds are charges to customers for sales and services,
or housing operational grants from a federal agency. The water and sewer fund also recognizes as
operating revenue the portion of tap fees intended to recover the cost of connecting new customers to the
system. Operating expenses for enterprise funds and internal service funds include the cost of sales and
services, administrative expenses, and depreciation on capital assets. All revenues and expenses not
meeting this definition are reported as nonoperating revenues and expenses.
Q. Deferred compensation
Voluntary Deferred Compensation Plan for Employees of the City of Glendale, State of Arizona;
Restated Plan Document (the “Plan document”) was adopted by the Mayor and City Council on
November 10, 1998, and amended on January 8, 2002, to incorporate the Federal Economic Growth and
Tax Relief Reconciliation Act of 2001. In addition, the Mayor and City Council adopted a defined
contribution deferred compensation plan document on April 9, 2002, under the Internal Revenue Code
Section 401(a). Through the Plan document, the City offers its employees a deferred compensation plan
that permits them to defer a portion of their current salary until future years. Any contributions made to
the deferred compensation plan, in compliance with Section 457 and 401(a) of the Internal Revenue
Code, are not available to employees until termination of employment, retirement, death or an unforeseen
emergency. Contributions to the plan are administered by one of two third-party administrators, ICMA
Retirement Corporation (ICMA-RC) and PEBSCO Securities Corporation (Nationwide Retirement
Solutions). In compliance with the provisions of the U.S. Internal Revenue Code Sections 457(g) and
401(a), the plan assets are in custodial or trust accounts for the exclusive benefit of the plans’ participants
and beneficiaries.
The City provides neither administrative services nor investment advice to the plans; therefore, no
fiduciary relationship exists between the City and the deferred compensation pension plan. Therefore,
plan assets are not included as a fund of the City. To further clarify the legal trust status in Arizona of

44

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
plan assets with ICMA-RC and Nationwide Retirement Solutions, a Trust Agreement was executed by
the City management on May 19, 2001.
R. Investments
The City utilizes the following methods and assumptions to account for its investments:
1.
2.
3.

Aside from investments clearly identified as belonging to a specific fund, any unrealized gain/loss
resulting from the valuation is recognized within the general fund as investment revenue.
Investments are recorded at fair value, which is based on quoted market prices as of the valuation
date.
Pooled investment income is allocated to various funds monthly based on the average equity
balances maintained during the month.

Arizona Revised Statutes require the City to deposit certain crime-related forfeitures with the County
Treasurer. The County Treasurer determines the fair value of those pooled investments. The structure of
the pool does not provide for shares and the County has not provided or obtained any legally binding
guarantees to support the value of the participants’ investments.
The City’s investment in LGIP represents shares of the pool’s portfolio. The fair value of each share in
the LGIP is one dollar. These shares are not identified with specific investments and are not subject to
custodial credit risk. Neither the County nor LGIP are registered with the Securities and Exchange
Commission as investment companies. The State Board of Deposits provides oversight, and the Local
Government Investment Pool Advisory Committee provides consultation and advice to the LGIP. There
is no regulatory oversight of the County Treasurer’s operations. The net decrease in the fair value of
investments during the fiscal year ended June 30, 2010, was $936.
II.

Compliance - Excess of expenditures over appropriations/deficits in fund equity
For the year ended June 30, 2010, expenditures exceeded appropriations in the housing fund by $6,169.
These over-expenditures were funded by beginning fund balance and operating transfers.
The City ended the fiscal year June 30, 2010, with a deficit fund balance in the following funds:
Federal stimulus fund
Deficit will be funded as Grant reimbursement requests are paid.
Workers’ compensation internal service fund
Deficit will be funded by premiums in next fiscal year.

III.

$

1

152

Deposits and investments
The City maintains a cash management pool for its cash and cash equivalents in which each fund and/or
account or sub-account of a fund participates on a dollar equivalent basis.
Deposits
At year-end, the carrying amount of the City’s deposits was $80,518 and the bank balances were $81,961.
The difference of $1,443 represents deposits in transit, outstanding checks and other reconciling items. Of
the bank balance, $500 was insured by the Federal Depository Insurance Corporation (FDIC). The remaining
bank balances were covered by $102,876 of collateral held by the City’s agent in the City’s name.

45

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
Investments
State Statutes and the City’s investment policy authorize the City to invest in obligations of the U.S.
Treasury, its agencies and instrumentalities, repurchase agreements, commercial paper (A-1/P-1 rated),
interest-earning money market accounts, certificates of deposit, and the State of Arizona Local Government
Investment Pool (LGIP). Investments may not exceed three years to maturity from the date of purchase.
The City’s investment in the LGIP is stated at fair value, which also approximates the value of the investment
upon withdrawal.
As of June 30, 2010, the City had the following investments:

Investment Type

Investment Maturities (in years)
1-2
2-3
Fair Value

0-1

U.S. Agencies
U.S. Treasuries
Total investments
State LGIP total
Grand total investments
Cash deposits
Other restricted cash
Total deposits and investments

$ 122,938
35,135
158,073
25,857
$ 183,930

$

$

-

$

5,005

$

5,005
5,005

$ 127,943
35,135
163,078
25,857
188,935
80,518
95,417
$ 364,870

Interest rate risk: As a means of limiting its exposure to interest rate risk the City’s investment policy
requires all securities to mature in no more than three years. The City also purchases securities to be laddered
with staggered maturity dates and limits at least half of the City’s investment portfolio to maturities of 12
months or less.
Credit risk: As of June 30, 2010, the City’s investments were rated by Moody’s Investor Service and
Standard & Poor’s as follows:

Investment Type
U.S. Agencies
U.S. Treasuries

Moody's
Rating

S&P
Rating

% of
Investments

Weighted Average
Maturity (Years)

Aaa
Aaa

AAA
AAA

78.46%
21.54%

0.06
0.13

Concentration of credit risk: The investment policy of the City contains no limitations on the amount that can
be invested in any one issuer. Investments in any one issuer (other than U.S. Treasury securities, mutual
funds, and external investment pools) that represent 5% or more of the total investments are as follows:
Issuer
FHLB Total
FHLMC Total
FNMA Total
T-Note

Investment Type
U.S. Agencies
U.S. Agencies
U.S. Agencies
U.S. Treasuries

46

$

Amount
50,364
40,491
37,088
35,135

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
Custodial credit risk: To control custodial credit risk, the City’s investment policy requires all securities and
collateral to be held by an independent third party custodian in the City’s name. The custodian provides the
City with monthly market values along with original safekeeping receipts.
IV.

Capital assets
A summary of capital asset activity, for the government-wide financial statements, for the year ended June
30, 2010, is as follows:
Balances
June 30, 2009
Gove rnme ntal activitie s
Non-depreciable assets:
Construction in progress
Land
Artwork
T otal non-depreciable assets
Depreciable assets:
Buildings
Improvements other than buildings
Infrastructure - streets
Infrastructure - parks
Infrastructure - flood/storm drains
Infrastructure - airport
Machinery and equipment
Computer equipment
Software
Automotive equipment
T otal depreciable assets at historical cost
Less accumulated depreciation for:
Buildings
Improvements other than buildings
Infrastructure - streets
Infrastructure - parks
Infrastructure - flood/storm drains
Infrastructure - airport
Machinery and equipment
Computer equipment
Software
Automotive equipment
T otal accumulated depreciation
T otal depreciable assets, net
Governmental activities capital assets, net

$

288,509
73,697
1,436
363,642

Additions

$

350,186
155,034
579,272
68,245
32,146
14,003
44,640
3,962
931
41,455
1,289,874

36,657
11,303
47,960

T ransfers

$

12,098
448
12
201
175
5
3,089
16,028

(71,094)
(71,094)

(9,420)
(6,372)
(15,278)
(2,615)
(435)
(463)
(4,663)
(592)
(59)
(3,825)
(43,722)

-

915,781

(27,694)

71,094

47

$

20,266

$

4,364
1,158
48,356
7,808
9,408
71,094

(55,292)
(72,040)
(168,156)
(18,975)
(4,751)
(6,440)
(22,731)
(2,452)
(702)
(22,554)
(374,093)

$ 1,279,423

Disposals

$

-

-

(16)
(168)
(7)
(3,697)
(3,888)

10
167
7
3,553
3,737

$

Balances
June 30, 2010

$

254,072
85,000
1,436
340,508

354,550
168,290
628,060
76,065
41,554
14,003
44,673
4,130
936
40,847
1,373,108

(64,712)
(78,412)
(183,424)
(21,590)
(5,186)
(6,903)
(27,227)
(3,037)
(761)
(22,826)
(414,078)

(151)

959,030

(151)

$ 1,299,538

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)

Balances
June 30, 2009
Business-Type activities:
Non-depreciable assets:
Construction in progress - water and sewer
$
Construction in progress - landfill
Construction in progress - housing authority
Land
T otal non-depreciable assets
Depreciable assets:
Buildings
Water storage rights
Improvements other than buildings
Water lines
Sewer lines
Water treatment plant
Sewer treatment plant
Meters and services
Fire hydrants
Machinery and equipment
Computer equipment
Automotive equipment
T otal depreciable assets at historical cost
Less accumulated depreciation for:
Buildings
Water storage rights
Improvements other than buildings
Water lines
Sewer lines
Water treatment plant
Sewer treatment plant
Meters and services
Fire hydrants
Machinery and equipment
Computer equipment
Automotive equipment
T otal accumulated depreciation
T otal depreciable assets, net
Business-T ype activities capital assets, net

$

35,877
907
1,332
26,297
64,413

Additions

$

22,598
38
399
23,035

Disposals

$

(2,560)
(578)
(898)
(4,036)

Balances
June 30, 2010

$

55,915
367
833
26,297
83,412

14,574
9,159
53,990
110,235
119,486
202,454
134,693
27,609
5,187
3,799
924
18,889
700,999

1,021
52
2,601
634
76
137
3,209
7,730

(204)
(2,400)
(2,604)

15,595
9,211
56,591
110,869
119,562
202,454
134,693
27,609
5,187
3,732
924
19,698
706,125

(6,484)
(638)
(9,881)
(30,536)
(42,996)
(54,300)
(22,686)
(9,875)
(1,913)
(3,179)
(712)
(11,591)
(194,791)

(478)
(69)
(2,481)
(2,328)
(2,660)
(7,008)
(3,867)
(720)
(102)
(192)
(7)
(1,995)
(21,907)

191
2,339
2,530

(6,962)
(707)
(12,362)
(32,864)
(45,656)
(61,308)
(26,553)
(10,595)
(2,015)
(3,180)
(719)
(11,247)
(214,168)

506,208

(14,177)

570,621

48

$

8,858

(74)
$

(4,110)

491,957
$

575,369

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
Depreciation was charged to functions/programs as follows:
Governmental activities:
General
Public safety
Public works
Street maintenance
Community services
Community environment
Total depreciation expense

$

$

Business-Type activities:
Water and sewer
Landfill
Sanitation
Housing
Total depreciation expense

$

$

16,334
6,070
3,727
12,153
5,402
36
43,722

19,406
828
1,260
413
21,907

Included in the water and sewer depreciation amount is $69 amortization of water storage rights.
V.

Construction and other significant commitments
The City has active construction projects as of June 30, 2010. The projects include street construction, park
facilities, and the construction of additional water and sewer facilities. At year-end the government’s
commitments with contractors are as follows:

Project
General government
Community services
Public safety
Public works
Street maintenance
Water and sewer facilities
Landfill
Housing
Total primary government

Spent-to-Date
$

79,478
29,366
34,951
96,478
13,799
55,915
367
833
311,187

$

Construction
Commitment
$

$

118
4,970
64
4,162
692
14,005
19
24,030

The City, under the memorandum of agreement with the Arizona Sports and Tourism Authority (AZSTA)
and B & B Holdings (DBA Arizona Cardinals), irrevocably assigns, transfers, and pledges unrestricted excise
taxes collected at the Multipurpose Facility site (Stadium) to AZSTA. In consideration for the pledge of
unrestricted excise tax revenues, the AZSTA issued bonds to improve the Stadium infrastructure. The City’s
obligation is to make monthly payments to the AZSTA for sales tax payments collected from the site only.
The AZSTA bonds do not constitute a legal debt of the City.

49

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
VI.

Self-insurance funds
The City is exposed to various risks of loss. Certain of these risks are accounted for within the internal
service fund type.
A. Risk management
On January 1, 1987, the City established a risk management fund for torts; loss and destruction of assets;
errors and omissions; and natural disaster. The City’s risk management fund purchases commercial
insurance for liability, property, aviation, errors and omissions, boiler and machinery, and vehicle
property damage. The risk management fund was fully self-insured through June 30, 1998, for tort
liability loss. Effective July 1, 1998, the City purchased excess public entity liability insurance with
$1,000 of self-insurance retention for claims incurred on or after July 1, 1998.
Funds receiving insurance coverage pay monthly premiums to the risk management fund based upon a
budget model taking into consideration prior loss experience, staffing, and operating budget.
Premium payments to insurance carriers are made directly from the risk management fund. There have
been no settlements paid in excess of insurance in any of the past three years nor has insurance coverage
been significantly reduced in recent years.
B. Workers’ compensation
On July 1, 1994, the City established a workers’ compensation fund for work-related injuries to
employees. The workers’ compensation fund provides coverage up to a maximum of $600 for each
workers’ compensation claim and purchases commercial insurance for claims in excess of $600.

Funds receiving insurance coverage pay monthly premiums to the workers’ compensation fund based
upon a budget model taking into consideration prior loss experience, staffing level, and the National
Council on Compensation insurance workers’ compensation manual rates.
Premium payments to insurance carriers are made directly from the workers’ compensation fund. There
have been no settlements paid in excess of insurance in any of the past three years.
C. Employee benefits
On July 1, 2000, the City established an employee benefits fund to meet future cost increases for healthrelated insurance.
Premiums are collected through contributions from employee paychecks and department budgets.
Retirees and COBRA participants contribute 100% of premiums for their insurance benefit coverage.
Premiums for the medical, vision, dental, and life insurance plans are determined prior to each renewal
period by estimating the costs of claims and administration of the plan based on a variety of factors
including: the demographics of the group, previous claims history, plan design changes and any new
mandated benefits. These insurance benefits are provided through minimum premium and self-insured
insurance plans. The City is responsible for the first $175 in medical claims per individual per plan year.
Claims exceeding $175 for an individual are paid by the reinsurance plan.
Premiums for the minimum premium medical plan are set prior to the beginning of each plan year equal
to 105% of the expected claims liability.
Premium payments to insurance carriers are made directly from the fund. There have been no
settlements paid in excess of insurance in any of the past three years nor has insurance coverage been
significantly reduced in recent years.

50

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
D. Estimated liability
Based on information provided by the actuary, liabilities are reported when it is probable that a loss has
occurred and the amount of the loss can be reasonably estimated.
Liabilities include an amount for claims that have been incurred but not reported, the effects of specific,
incremental claim adjustment expenses, and other allocated claim adjustment expenses. The City’s
workers’ compensation self-insurance program liability includes recoveries related to subrogation.
Salvage and subrogation are immaterial to both risk management and employee benefits self-insurance
programs and are not incorporated into the liability. The self-insurance programs do not include a
provision for unallocated claim adjustment expenses except for the workers’ compensation fund, which
provides for unallocated claims adjustment expenses and Industrial Commission taxes and fees.
The City claim liabilities are calculated considering the effects of inflation, recent claim settlement trends
including frequency and amount of payouts and other economic and societal factors.
The City reports the estimated liability in net present value dollars using a future investment yield
assumption of 5%. These liabilities are reported in the internal service funds at their present value of
$7,163 as of June 30, 2010. Changes in the balances of claims liabilities during the past two years are as
follows:
Risk Management
2010
2009
Unpaid claims, beginning of fiscal year $ 3,309
Current year claims and changes in
estimate
61
Claims payments
(861)

$ 4,080

Balance at fiscal year end

$ 3,309

$ 2,509

Workers' Compensation
2010
2009
$ 1,729

(957)
186

$ 1,986

1,200
(1,072)
$ 1,857

558
(815)
$ 1,729

Employee Benefits
2010
2009
$

954

$ 2,853

23,813
(21,970)

19,670
(21,569)

$ 2,797

$

954

VII. Leases
A. Capital leases
The City’s capital lease activity consists principally of leasing various types of heavy equipment for
sanitation and fire. Additionally, the City has entered into capital leases involving real property for
various funds. The City’s lease obligations meet the criteria of a capital lease as defined by the Financial
Accounting Standards Board in its Accounting Standards Codification “leases” (FASB ASC 840) and
have been recorded on the government-wide statements. Leases vary in terms from 5 years for sanitation
vehicles, 7-9 years for fire trucks to 10 years for real property. Current year expenditures are $488 for
business-type activities and $1,627 for governmental activities. The future minimum lease obligation
and net present value of lease payments at June 30, 2010, are as follows:
Governmental
Business-Type
Year Ending June 30
Activities
Activities
2011
2012
2013
2014
2015
2016-2020
Total minimum lease payments
Less: Amount representing interest
Present value of net minimum lease payments

$

$

51

2,895
5,251
91
82
52
51
8,422
(929)
7,493

$

$

459
155
614
(22)
592

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
The assets acquired through capital leases are as follows:

Class of Property
Equipment
Automotive equipment
Building
Other
Less: Accumulated depreciation
Total

Governmental
Activities

Business-Type
Activities

$

$

462
2,764
197
8,211
11,634
(5,512)
6,122

$

$

95
6,276
5,141
4,434
15,946
(9,342)
6,604

B. Operating lease expenditures
The City leases office space and vehicles under various cancelable operating lease agreements expiring at
various dates. Certain leases contain provisions for possible future increased rentals based upon changes
in the Consumer Price Index. Combined annual rental payments in fiscal year 2009-10 were $307.
C. Operating lease revenue
The City also leases various City-owned properties and buildings under cancelable and non-cancelable
long-term lease agreements through fiscal year 2011 and beyond. The carrying value of leased assets is
$180,530 (cost of $248,408 less accumulated depreciation of $67,878). The leased properties and
buildings are included as capital assets in the government-wide financial statements. Certain leases
contain provisions for future increased revenues based upon changes in the Consumer Price Index.
Scheduled minimum revenues for non-cancelable leases for succeeding fiscal years ending June 30 are as
follows:
Total
Fiscal Year
Revenues
2011
2012
2013
2014
2015
2016 and beyond
Total

$

$

1,313
849
721
650
610
15,254
19,397

VIII. Short-term debt
The City did not issue short-term debt for the year ended June 30, 2010.
IX.

Long-term debt
A. General obligation bonds
The City issues general obligation bonds to provide funds for the acquisition and construction of major
capital facilities. General obligation bonds have been issued for both governmental and business-type
activities. General obligation bonds are direct obligations and pledge the full faith and credit of the City

52

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
and are repaid through the City’s levying of property taxes. Retirement of the general obligation bonds
in the business-type activities are intended to be paid back by the revenues of the business-type activities.
B. Revenue bonds
Highway User Revenue Fund (HURF) bonds are used to construct street and highway projects. The
$23,910 HURF bonds outstanding are special obligations of the City and are secured by taxes, fees,
charges or other monies collected by the state and returned to the City pursuant to Title 28, Chapter 18,
Article 2, A.R.S. as amended. A special revenue fund called highway user gas tax fund has been set up
by the City to collect HURF revenues from the state and transferred to the debt service fund to pay for
HURF principal and interest. The total principal and interest remaining on the bonds to be paid is
$22,695. The current year revenues of $13,776 paid the current year principal and interest amounts of
$3,730 and $969, respectively. The State Legislature has in the past and may in the future alter the type
and/or rate of taxes, fees, and charges as well as allocation of such monies.
The transportation revenue bonds are special revenue obligations of the City and are used to construct
various transportation projects such as roadway widening, intersection improvements, and right-of-way
acquisitions. The $102,490 in bonds outstanding is secured by the City’s pledge of a 0.50%
transportation excise tax approved by voters on November 6, 2001. The debt service payments are also
secured by the same excise tax. The total remaining principal and interest to be paid to a trustee under a
trust agreement is $161,208. The current year revenues of $19,488 collected in the transportation special
revenue fund paid the current year principal and interest amounts of $2,675 and $4,655, respectively.
The $273,140 in water and sewer revenue bonds/obligations outstanding has been issued for the
construction, acquisition, and equipping of water and sewer facilities and related systems and
infrastructure. These are special revenue obligations and are pledged and secured solely by the net
revenues of the system. The net revenues of the system consist of revenues collected from customers
including development impact fees and interest income less such necessary expenses of operation,
maintenance, and repair of the system excluding depreciation, amortization and debt service. The total
principal and interest remaining to be paid is $394,210. The current year principal and interest on the
bonds were $22,528 and net revenues of the system were $33,359.
C. Municipal Property Corporation (MPC) bonds
In 1982, 2002, 2003, 2006, and 2008 the MPC, a non-profit corporation, issued bonds to finance the
construction of a new municipal office complex, hockey arena, public safety training center, parking
garage, media center, convention center and city infrastructure, respectively. On October 19, 1982, July
31, 2002, May 1, 2003, and June 1, 2006, the City entered into a lease purchase agreement with MPC,
whereby, the City is purchasing the constructed municipal office complex, hockey arena, public safety
training center, parking garage, media center, convention center and city infrastructure, respectively,
from MPC. In addition, on April 1, 2004, the City entered into a lease agreement with the MPC to issue
bonds to finance an escrow account to refund certain outstanding City improvement district bonds. In
June 2008, the City entered into a lease agreement with the MPC to issue bonds to refund outstanding
2006B bonds. An amount equal to the MPC debt service and related miscellaneous fees, is payable to
the MPC in monthly installments by the City.
Under the provisions of the purchase agreement, the City has pledged for the payment of the purchase
price: 1) all net revenues derived by it from the municipal office complex and arena, and 2) all excise,
transaction, privilege and franchise taxes which it currently collects, which it may collect or which are
allocated to it by any other governmental unit or municipal corporation, except its share of such amounts
which by state law, rule or regulation must be expended for other purposes. However, under no
circumstances shall such pledge constitute a general obligation of the City or will the purchase price be
payable from the proceeds of ad valorem taxes.

53

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
D. Western Loop 101 Public Facilities Corporation (PFC) bonds
In 2008, the PFC, a non-profit corporation, issued bonds to finance the acquisition and construction of a
new spring training baseball facility for Major League Baseball and infrastructure. The bonds are a
special obligation of the City and are payable solely from and secured by a pledge of the City’s
unrestricted excise taxes. A portion of the bonds was reserved to pay capitalized interest on the bonds to
October 30, 2011. Thereafter, an amount equal to the PFC debt service and related miscellaneous fees, is
payable in installments by the City.
The pledge of unrestricted excise taxes under the lease agreement to secure the payment of principal and
interest on the 2008 bonds is junior and subordinate to the City’s pledge of unrestricted excise taxes
under an existing lease agreement (the “MPC Lease Agreement”) between the City and the MPC, which
secures the payment of principal and interest on the outstanding bonds of the MPC.
The 2008 bonds and the obligation of the City to make rental payments under the lease agreement each
constitute a limited obligation of the Corporation and the City, respectively, and neither constitutes a
general obligation of the Corporation or the City.
E. Changes in long-term liabilities
The following is a summary of changes in long-term liabilities reported in the governmental activities
financial statements for the year ended June 30, 2010:

June 30,
2009
General obligation (GO) bonds
Revenue bonds:
Highway user revenue
T ransportation bonds
Municipal Property Corporation
Public Facilities Corporation
T otal bonds payable
Notes payable
T otal notes payable
Other long-term obligations:
Capital lease obligations
OPEB obligations
Compensated absences
Claims and judgments
Unamortized premium on debt
issuance
Developer payable obligations
Arbitrage rebate payable
T otal other long-term obligations
T otal

Additions

$ 197,738

$

41,650

June 30,
2010

Amounts
Due Within
One Year

(13,793)

$ 225,595

$ 14,470

Reductions
$

27,480
105,035
294,130
199,750
824,133

41,650

(3,570)
(2,545)
(6,575)
(26,483)

23,910
102,490
287,555
199,750
839,300

3,730
2,675
5,600
26,475

7,637
7,637

-

(1,349)
(1,349)

6,288
6,288

1,733
1,733

9,076
15,785
16,453
5,992

44
7,858
13,660
23,903

(1,627)
(13,104)
(22,732)

7,493
23,643
17,009
7,163

2,363
13,051
5,195

9,324
1,961
332
58,923

10
218
45,693

(628)
(104)
(38,195)

8,706
2,179
228
66,421

627
21,236

(66,027)

$ 912,009

$ 890,693

$

87,343

$

$

49,444

General fund typically has been used to liquidate compensated absences in prior years, since most
employees engaged in governmental activities are paid from that fund. Paychecks include payment for
leave taken during the current pay period. Of the $912,009 in the total liabilities, $22,201 represents debt
related to unspent bond proceeds ($13,741 restricted cash in transportation fund and $8,460 restricted

54

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
cash in Western Loop 101 Public Facilities Corporation construction fund) and $841,765 is related to net
assets invested in capital assets. Other obligations not included in the calculation of net assets invested in
capital assets are OPEB obligations, compensated absences, claims and judgments, and arbitrage rebate
payable.
The following is a summary of changes in long-term liabilities reported in the business-type activities
financial statements for the year ended June 30, 2010:
June 30,
2009

Additions

Water and sewer GO bonds
$
9,995
Landfill GO bonds
132
Water and sewer revenue/obligation bonds
282,345
T otal bonds payable
292,472
Notes payable
T otal notes payable
Other long-term obligations:
Capital lease obligations
Estimated closure and post-closure
costs
Unamortized premium on debt
issuance
OPEB obligations
Compensated absences
Housing noncurrent liabilities
T otal other long-term obligations
T otal

$

-

June 30,
2010

Reductions
$

(835)
(132)
(9,205)
(10,172)

$

9,160
273,140
282,300

Amounts
Due Within
One Year
$

860
9,650
10,510

12,425
12,425

3,233
3,233

(1,380)
(1,380)

14,278
14,278

1,405
1,405

1,080

-

(488)

592

441

12,281

1,532

13,813

-

6,649
3,400
2,630
42
26,082

1,680
2,330
1
5,543

(419)
(1,973)
(2,880)

6,230
5,080
2,987
43
28,745

367
2,179
2,987

8,776

$ (14,432)

$ 325,323

$ 14,902

$ 330,979

$

-

Of the $325,323 in total liabilities, $303,400 is related to net assets invested in capital assets. Other
obligations not included in the calculation of net assets invested in capital assets are estimated closure
and post-closure costs, OPEB obligations, compensated absences, and housing noncurrent liabilities.
The enterprise funds did not have unspent bond proceeds at year end.
F. Advance refunded bonds
The City issued refunding bonds to defease certain outstanding bonds, thus achieving debt service
savings. The City has placed the proceeds from the refunding issue in an irrevocable escrow account
with a trust agent, which will provide amounts sufficient for future payment of principal and interest of
the issue refunded.
Accordingly, the trust account assets and liabilities for the defeased bonds are not included in the City’s
financial statements. Although defeased, the refunded debt from this issue will not be actually retired
until the call dates have come due or until maturity if they are not callable issues.
Issue Refunded
General Obligation Bonds
Series 2000

Date Refunded
April 11, 2006

55

Remaining Balance
$9,255

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
G. Bonds payable
Bonds payable at June 30, 2010, are comprised of the following:
Classified in governmental activities on the government-wide financial statements:

Purpose

Interest
Rate

Issued
Fiscal Year
Ending
June 30

Year Series
M atures

GO bonds payable from secondary assessed property taxes
Various
5.00-5.40
2000
Various
2.50-5.00
2002
Various
1.50-5.00
2003
Various
3.00-5.00
2004
Various
3.50-4.00
2005
Refunding
5.00-5.00
2006
Various
4.00-5.00
2006
Various
4.00-5.00
2007
Various
1.50-5.63
2010
Total

2015
2022
2022
2019
2015
2015
2021
2022
2030

Revenue bonds payable from highway user revenue funds
Streets
5.00-5.37
2000
Streets
2.50-4.00
2004
Streets
4.00-5.00
2006
Total

2010
2014
2016

Revenue bonds payable from the 0.5% transportation sales tax
Transportation excise tax
4.00-5.00
2008
2032

Amount of
Original
Issue

Bonds
Outstanding
June 30,
2010

$

$

20,215
40,235
52,525
36,645
11,960
9,065
29,365
61,000
41,650

1,565
26,260
33,345
26,340
7,665
9,065
24,925
54,780
41,650
225,595

8,750
14,655
15,745

1,665
10,510
11,735
23,910

109,110

102,490

M unicipal Property Corporation payable from general fund lease payments
M PC excise tax
5.00-5.38
2003
2033
M PC excise tax 2003A
2.50-5.00
2003
2024
M PC excise tax 2003B
1.46-5.58
2003
2033
M PC refunding
4.70-4.70
2004
2033
M PC excise tax 2004A
2.00-5.00
2004
2014
M PC excise tax 2006A
4.00-5.00
2006
2026
M PC excise tax 2008A
3.00-5.00
2008
2032
M PC excise tax 2008B
5.45-6.16
2008
2033
M PC excise tax 2008C
4.00-5.02
2008
2015
Total

5,055
49,940
105,260
7,250
10,880
33,250
32,315
52,780
9,140

5,055
47,245
96,590
7,250
7,710
30,900
32,315
51,350
9,140
287,555

Public Facilities Corporation payable from general fund lease payments
PFC excise tax 2008A
5.75-7.00
2008
2038
PFC excise tax 2008B
5.00-7.00
2008
2038
PFC excise tax 2008C
7.50
2008
2017
Total

137,495
48,670
13,585

137,495
48,670
13,585
199,750

Total bonds payable recorded in governmental activities
Less current portion
Long-term portion of bonds payable recorded in governmental activities

56

$

839,300
(26,475)
812,825

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
Classified in business-type activities on the government-wide financial statements:

Purpose

Interest
Rate

Issued
Fiscal
Year
Ending
June 30

Year
Series
Matures

GO bonds payable from water and sewer fund
Water and sewer
1.50-5.00
2003
Total

2022

Revenue bonds/obligations payable from water and sewer fund
Various
4.75-5.75
2000
2010
Various
4.00-5.00
2004
2023
Various
4.00-5.25
2006
2026
Various
4.25-5.00
2007
2028
Various
3.00-5.00
2008
2028
Total

Bonds
Outstanding
June 30,
2010

Amount of
Original
Issue

13,875

$

53,000
80,000
80,000
44,500
65,500

9,160
9,160

6,655
80,000
80,000
43,230
63,255
273,140

Total bonds payable recorded in business-type activities
Less current portion
Long-term portion of bonds payable recorded in business-type activities

$

282,300
(10,510)
271,790

The Arizona Constitution provides that the general obligation bonded indebtedness for a city for general
municipal purposes may not exceed 6% of the secondary assessed valuation of the taxable property in
that city. In addition to the 6% limitation for general municipal purpose bonds, cities may issue general
obligation bonds up to 20% of the secondary assessed valuation for supplying such city with water,
sewer, artificial light, public safety, law enforcement, fire and emergency services, streets and
transportation facilities, and for the acquisition and development of land for open space preserves, parks,
playgrounds and recreational facilities.
The City’s unused bonded debt borrowing capacity as of June 30, 2010, is as follows:
6%
Capacity to incur bonded debt
Less: Bonded debt applicable to limit
Unused bonded debt capacity

$
$

127,854
(29,010)
98,844

20%
$
$

426,181
(163,811)
262,370

The various bond indentures contain significant limitations and restrictions on annual debt service
requirements, maintenance and flow of monies through various restricted accounts, and minimum
revenue and bond coverage. The City is in compliance with all such significant limitations and
restrictions.

57

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
H. Bonds authorized, issued and unissued
Bonds authorized but not fully issued as of June 30, 2010, are shown below:

GO bonds

Authorized
Amount

Issued through
June 30, 2010

Authorized
but
Unissued

Voter authorized October 20, 1981
Operations center

$

$

$

6,750

Voter authorized March 10, 1987
Library

550

6,200

9,698

8,000

1,698

18,215
50,500

4,494
17,873

13,721
32,627

40,910

16,910

24,000

17,000
15,398
53,700
64,801

1,460
3,175
62,966

15,540
15,398
50,525
1,835

6,935

185

6,750

20,554
16,155
102,638
79,065
502,319

10,522
1,518
11,827
139,480

10,032
14,637
102,638
67,238
362,839

Voter authorized November 2, 1999
(1)

Cultural facility
Economic development
Governmental facilities
Landfill development
Library
Open spaces
Public safety
Transit

(1)

(1)

(1)

Voter authorized May 15, 2007
Flood control
Parks and recreation
Public safety
Streets and parking
Total GO bonds

$

$

$

Revenue bonds
Voter authorized November 2, 1999
(1)

Water and sewer
Total revenue bonds

$

10,000
10,000

$

-

$

10,000
10,000

Total bonds

$

512,319

$

139,480

$

372,839

(1) Certain general obligation bonds or revenue bonds can be issued as general obligation bonds, revenue
bonds or a combination thereof.

58

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
I.

Other debt (notes, long-term)
Classified in the governmental activities in the government-wide financial statements:
Northern Crossing Land Purchase - The $14,500 note dated November 15,
2002, is payable in nine annual installments at a variable interest rate based
on LIBOR with the final payment due on or before September 15, 2012. The
interest rate assumption stays level after the 2008 fiscal year.

$

Repayment of State Aviation grant funds - The $3,131 note dated October 9,
2007, is payable in ten bi-annual installments at an interest rate of 4.31% with
the final payment due on or before December 31, 2012.

1,958

6820 North 58th Avenue Land and Improvements Purchase - The $187 note
dated September 5, 2007, is payable in five annual payments at an interest rate
of 2.50% with the final payment due on or before July 15, 2011.
Total notes payable recorded in governmental activities
Less current portion
Long-term portion of notes payable recorded in governmental activities

4,278

52

$

6,288
(1,733)
4,555

Classified in the business-type activities in the government-wide financial statements:
Cholla Water Treatment Plant Solids Handling Facilities - The maximum
available under the loan is $15,400 of which $12,598 was drawn down and
recorded as a liability as of June 30, 2004. The loan is scheduled to be paid in
annual installments over 20 years with an interest rate of 4.40%. Principal and
interest are payable from the water and sewer fund.

$

8,922

Groundwater treatment plant's future site of 11.48 acres at 99th and Northern
Avenues. The $3,540 note is payable in five annual installments at an interest
rate of 5.00% with the final payment due on or before April 1, 2013.

2,124

Oasis Groundwater Treatment Plant's cost for the engineering design,
inspection, and administrative services to utilize the Plant for nitrate removal
from the groundwater - The maximum available under the loan is $6,340 of
which $3,232 was drawn down and recorded as a liability as of June 30, 2010.
The loan is scheduled to be paid in annual installments over 20 years with a
combined interest and fee rate of 3.145%. Principal and interest are payable
from the water and sewer fund.

3,232

Total notes payable recorded in business-type activities
Less current portion
Long-term portion of notes payable recorded in business-type activities

59

$

14,278
(1,405)
12,873

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
J.

Debt service requirements
Various Purposes
Fiscal
Year
Ending
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
Total
Less
Interest
Principal

Water and Sewer

HURF
Bonds
$ 4,690
4,696
4,699
4,686
1,953
1,971
22,695

Transportation
Bonds
$ 7,328
7,327
7,326
7,326
7,326
7,326
7,327
7,330
7,328
7,326
7,329
7,329
7,328
7,328
7,328
7,330
7,329
7,331
7,328
7,326
7,327
7,325
161,208

MPC
Bonds
$ 21,186
21,317
21,357
21,372
19,552
19,665
22,031
22,086
22,142
22,195
22,258
22,307
22,363
23,010
23,064
23,122
20,525
20,585
19,778
20,717
20,778
20,837
13,633
8,563
494,443

PFC
Bonds
$ 13,011
13,011
13,011
15,951
17,765
17,657
15,294
15,234
15,180
15,127
15,066
15,017
14,958
14,310
14,256
14,202
16,798
16,738
17,542
16,604
16,544
16,486
16,313
18,340
21,767
21,764
21,765
21,760
461,471

GO
Bonds
$ 25,154
25,153
25,160
25,163
25,107
22,067
21,973
21,922
17,497
14,183
14,229
11,494
3,043
3,046
3,052
3,056
3,059
3,063
3,067
3,076
273,564

Notes
Payable
$ 2,131
2,519
2,382
7,032

GO
Bonds
$ 1,251
1,251
1,258
1,260
1,249
1,236
1,226
1,214
9,945

Notes
Payable
$ 2,353
2,261
2,226
1,482
1,483
1,483
1,482
1,482
1,483
1,115
448
449
448
448
449
448
448
449
448
20,885

Revenue
Bonds/
Obligations
$ 22,532
22,530
22,526
22,526
22,528
22,530
22,524
22,530
22,524
22,529
22,527
22,528
23,661
23,659
23,652
23,655
16,491
12,758
394,210

2,515
$ 20,180

61,393
$ 99,815

212,488
$281,955

261,721
$199,750

62,439
$211,125

744
$ 6,288

1,645
$ 8,300

8,012
$ 12,873

130,720
$263,490

Total
99,636
100,065
99,945
99,766
96,963
93,935
91,857
91,798
86,154
82,475
81,857
79,124
71,801
71,801
71,801
71,813
64,650
60,924
48,163
47,723
44,649
44,648
29,946
26,903
21,767
21,764
21,765
21,760
1,845,453

$

741,677
$1,103,776

The following table discloses the debt service requirements as of June 30, 2010, segregating principal
and interest, for the next five years and in five-year increments thereafter. Note: the principal column
includes the future draws.
Fiscal Year
2011
2012
2013
2014
2015
2016-2020
2021-2025
2026-2030
2031-2035
2036-2038
Total

Principal
$
43,275
46,288
48,113
50,011
49,540
244,704
229,860
204,325
129,755
57,905
$ 1,103,776

Interest
$
56,361
53,777
51,832
49,755
47,423
201,515
146,524
88,948
38,158
7,384
$
741,677

60

Total
$
99,636
100,065
99,945
99,766
96,963
446,219
376,384
293,273
167,913
65,289
$ 1,845,453

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
K. New bonds
On December 22, 2009, the City issued $41,650 in general obligation bonds to finance the costs of
acquisition, improvement, and equipment of a variety of projects relating to economic development,
government facilities, public safety, flood control, and parks and recreation. The bonds mature on
various dates starting 2011 to 2030 with various interest rates of 1.500% to 5.625%. The bonds are direct
and general obligations of the City and are payable as to both principal and interest from ad valorem
taxes levied against all of the taxable property within the City subject to taxation.
The bonds are designated as Build America Bonds (BABs) for purposes of the American Recovery and
Reinvestment Act of 2009. The City expects to receive a cash subsidy payment on or about each interest
payment date equal to 35% of the interest payable on the bonds (the BAB Credit). The City has
covenanted to deposit all BAB Credits received into the interest account for the bonds. The BAB Credit
does not constitute a full faith and credit guarantee of the United States, but is required to be paid by the
Treasury under the Recovery Act. The City is obligated to make payments of principal and interest on
the bonds whether or not it receives the BAB Credit pursuant to the Recovery Act.
X.

Landfill obligations
The City operates a municipal sanitary landfill under an Aquifer Protection Permit and Solid Waste Facility
Plan approval issued by the Arizona Department of Environmental Quality requiring future closure work and
post-closure monitoring. The permit meets federal and state regulations. These laws and regulations require
the City to place a final cover on its landfill site when it stops accepting waste and to perform certain
maintenance and monitoring functions at the site for 30 years after closure. Although closure and postclosure care costs will not be paid until near or after the date that the landfill stops accepting waste, the City
reports a portion of these closure and post-closure costs as an operating expense in each period based on
landfill capacity used.
The landfill closure and post-closure care liability at June 30, 2010, calculated below, represents the
cumulative amount reported to date based on the use of estimated capacity of the landfill.
North Cell

South Cell

32,100
-

21,666
18,529
85%

Capacity (cubic yards)
Capacity used to date
Percentage of capacity used
Total closure and post-closure
costs in present dollars:
as of June 30, 2010
as of June 30, 2009

$
$

17,198
15,676

$
$

16,151
14,679

Closure and post-closure care costs:
Amount remaining to be recognized
as of June 30, 2010

$

17,198

$

2,338

Liability recognized as of June 30, 2010

$

-

$

13,813

These amounts are based on what it would cost to perform all closure and post-closure care in fiscal year
2009-10. The estimated costs are subject to changes due to inflation, deflation, new technology, and
applicable laws and regulations. Assets are not restricted to fund the obligations. The estimated remaining
life of the landfill is approximately 51 years.

61

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
According to state and federal laws and regulations, the City must comply with the local government
financial test requirements that assure the City can meet the cost of landfill closure, post-closure, and
corrective action when needed. The City is in compliance with these requirements.
XI.

Interfund transactions
A. Interfund receivables
Interfund balances at June 30, 2010, consisted of the following:
Due To
Major governmental funds:
General

$

Non-major governmental funds:
Community development block grants fund
Municipal Property Corporation debt service
Western Loop 101 Public Facilities Corporation construction fund
Non-major enterprise funds:
Landfill fund
Sanitation fund
Housing fund
Total

$

Due From

2,810

$

-

-

786
859
1,158

959
3,769

959
7
3,769

$

The interfund balances at June 30, 2010, are short-term loans to cover temporary cash deficits in various
funds. This occasionally occurs prior to bond sales or grant reimbursements. All interfund balances
outstanding at June 30, 2010, are expected to be repaid within one year, except sanitation and landfill
funds which are to be repaid over 4 years.

The remainder of this page left blank intentionally.

62

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
B.

Interfund transfers
Interfund transfers for the year ended June 30, 2010, consisted of the following:
Transfers to general fund from:
Non-major governmental funds
Streets construction fund
Parks bond construction fund
Other construction fund
Water and sewer enterprise fund
Non-major proprietary funds
Landfill fund
Internal service funds
Total transfers to general fund

$

1
35
8
184
7
2,478
2,713

Transfer to transportation fund from:
General fund
Non-major proprietary funds
Internal service funds
Total transfer to transportation fund

900
215
1,115

Transfer to non-major special revenue fund from:
General fund
Non-major proprietary funds
Internal service funds
Total transfer to non-major special revenue fund
Transfers to non-major debt service funds from:
General fund
Transportation fund
General obligation debt service fund
Non-major governmental funds
Development impact fees
Other special revenue fund
Other construction fund
Total transfers to non-major debt service funds
Transfer to non-major enterprise funds from:
General fund
Total transfer to non-major enterprise funds
Grand total all transfers

1,201
553
1,754

11,296
8,334
2,709
944
6,500
941
30,724

561
561
$ 36,867

Transfers are used to: 1) move revenues from the fund that statute or budget requires to collect them to
the fund that statute or budget requires to expend them, 2) move receipts restricted to debt service from
the funds collecting the receipts to the debt service fund as debt service payments become due, and 3)
use unrestricted revenues collected in the general fund to finance various programs accounted for in
other funds in accordance with budgetary authorizations.

63

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
The interfund transfers are all classified as transfers and are included in the results of operations of
both governmental and proprietary funds. There were no significant transfers during fiscal year 2010
that were either non-routine in nature or inconsistent with the activities of the fund making the transfer.
XII.

Encumbrances
The Arizona Revised Statutes allow cities to encumber unused appropriations for up to sixty days after the
end of the fiscal year. However, effective July 1, 1987, the City adopted a policy of not recognizing
encumbrances at year-end. All appropriations lapse on the last day of the fiscal year. Any outstanding
commitments that the City intends to honor are rebudgeted in the new fiscal year. At June 30, 2010, the
City intended to honor $26,167 of outstanding encumbrances in the new year.

XIII.

Equity in joint venture
The City, along with the cities of Phoenix, Mesa, Scottsdale and Tempe participates in the Sub-Regional
Operating Group (SROG), a joint venture. SROG constructs, operates and maintains jointly used facilities
including the 91st Avenue Waste Water Treatment Plant (Plant) and certain sewage transportation
facilities. The City of Phoenix acts as lead agency, and as such, is responsible for the planning, budgeting,
construction, operation and maintenance of the Plant. In addition, the City of Phoenix provides all
management personnel and financing arrangements and accepts federal grants on behalf of the participants.
Each participant pays for its costs of operation and maintenance based on relative sewage flows and
strengths and for purchased capacity in plant and related transportation facilities based on ownership. The
City accounts for its approximate 8.59% investment using the equity method in the water and sewer fund.
For the year ended June 30, 2010, the City recognized a loss of $4,485. The City has financed its share of
construction costs through the issuance of revenue bonds, development fees and grants. The bonds are
collateralized by a pledge of water revenues and are reflected in the financial statements of the water and
sewer fund. The joint venture itself has not issued any debt.
Summary financial information on the joint venture as of and for the fiscal year ended June 30, 2010,
(unaudited) is as follows:
Assets
Current assets
Capital assets, net of accumulated depreciation
Total assets
Liabilities
Net assets

$

$

Total revenues
Total expenses
Increase in net assets

$
$

64

52,376
923,885
976,261
43,434
932,827
109,725
(88,094)
21,631

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
Calculation of the City’s equity:
City’s share of SROG equity
(Total equity of $932,827
plus unrealized loss of $2,176 less assets not
owned by the City of $181,347 multiplied by 8.59%)
Net capitalized interest on the City’s records
City contributions not yet received by SROG
Total City equity
Change in the City’s equity:
Capital contributed to the joint venture
Net loss on joint venture
Net decrease in equity

$

64,739

$

2,253
277
67,269

$
$

3,996
(4,485)
(489)

Copies of separate financial statements of the joint venture can be obtained from Arizona Municipal Water
Users Association, 4041 North Central Avenue, Phoenix, Arizona 85012.
XIV.

Jointly governed organizations
The Regional Public Transit Authority (RPTA) is a voluntary association of local governments, including
Glendale, Phoenix, Mesa, Tempe, Scottsdale, and Maricopa County. Its purpose is to ensure that a viable
public transportation system is provided as an alternative for regional mobility and to ease the traffic
congestion and air pollution caused by over-reliance on the single occupant vehicle. The Board of
Directors consists of the mayors of those cities and a member of the County Board of Supervisors.
Arizona Municipal Water Users Association (AMWUA) is a non-profit corporation established and funded
by cities in Maricopa County for the development of an urban water policy and to represent the cities'
interests before the Arizona legislature. In addition, AMWUA contracts with the cities jointly using the
91st Avenue Waste Water Treatment Plant to perform certain accounting, administrative and support
services.

XV.

Fund balance/net assets reservation, designation, and restriction
The following is a list of reserves, designations, and restrictions with an explanation for each by fund type.
General Fund Type
Reserved for inventory
Amount available only for expenditure (i.e., consumption of existing supplies
inventories that have already been purchased).

$

214

Reserved for “From the Heart” program
Certain donations made to the City are required by ordinance to benefit Glendale
residents through providing grants to non-profit social service organizations.

65

Reserved for court security
Security surcharges collected by the City Court are required by ordinance to be spent
solely on court security.

29

65

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
Reserved for court computer upgrade
Surcharge that provides for monies to improve, maintain, and enhance the ability to
collect and manage monies received by courts and to improve court automation and
improve case processing (administration of justice).

$

20

Reserved for court time payment
Court time payment fees are used by the City Court to improve, maintain, and enhance
the ability to collect and manage monies assessed or received by the court, to improve
court automation and to improve case processing or the administration of justice.

317

Reserved for Glendale Health Center
Glendale Health Center located at the Glendale Regional Public Safety Training Center
was opened with partners and is staffed by contractual medical professionals and is
fully equipped with the testing equipment, exam rooms, x-ray machines, and other
medical equipment required to perform public safety personnel physical examinations
on a fee-for-service basis.

22

Reserved for public safety training facility
This is a training center that was built with partners to provide fire and police
departments with the tools required to train fire and police personnel and conduct
continuing education.

123

Reserved for acquisition of artwork
Acquisition of artwork by the City’s Arts Commission is provided through a surcharge
on eligible capital projects as directed by the City Council.

1,569

Reserved for vehicle/equipment replacement
For future scheduled replacement of existing equipment and vehicles.

7,024

Total reserved for general fund type

$

9,383

Designated for computer replacement
For future schedule replacement of existing personal computers.

$

4,347

Designated for library activities
A minor portion of future operating expenditures of the library has been authorized
through the City budget to be paid from net revenues collected through library
activities.

322

Designated for local improvement districts administration
Portion of City special assessment bond proceeds identified exclusively for future costs
of administering and accounting for existing improvement districts.

79

Designated for other public facilities projects
To operate and improve equipment and personal property by Western Loop 101 Public
Facilities Corporation for spring training baseball facility.

1,958

Designated for telephone
For payment of future telephone charges and maintenance.

131
$

Total designated for general fund type

66

6,837

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
Transportation Fund
Reserved for inventory
Amount available only for expenditure (i.e., consumption of existing supplies
inventories that have already been purchased).

$

75

Total reserved for transportation fund

$

75

General Obligation Debt Service Fund
Reserved for debt service
Certain assets have been reserved for future payment of debt service based upon the
requirements of the various bond ordinances.

$ 26,604

Total reserved for general obligation debt service fund

$ 26,604

Special Revenue Fund Type
NON-MAJOR GOVERNMENTAL FUNDS
Reserved for inventory
Amount available only for expenditure (i.e., consumption of existing supplies
inventories that have already been purchased).

$

178

Reserved for development impact fees
The development impact fees are covered by Chapter 28, Article VI of the Municipal
Code. Development impact fees are used exclusively to provide the necessary public
facilities and services to development. Residential development impact fees may be
spent only in the district (residential development district, not political district) in
which they were collected. This reserve is categorized as follows:
Parks and recreation:
City-wide parks
City-wide recreation facilities
City-wide open space & trails
District No. 1
District No. 2
District No. 3
Library:
Buildings
Library
Fire protection facilities
Police facilities
Transportation
Total reserved for development impact fees

1,724
3,352
92
1,269
3,375
12,047

Reserved for drug enforcement
Reserved by agreement with state and federal authorities for use in furthering the drug
enforcement effort. Revenues for this reserve are received through the public courts’
prosecution of drug offenses.
State
Federal
Total reserved for drug enforcement

5,090
251
5,341

158
1,442
333
88
163
51

Reserved for garden for visually impaired
A donation was made to the City for the purpose of establishing a tactile garden for the
visually impaired.
Total reserved for special revenue fund type

67

148
$

17,714

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)

NON-MAJOR GOVERNMENTAL FUNDS
Designated for home program
For community development block grant home program activities.

$

Designated for pool/park repair
For repair of area schools and City recreational facilities. The City contributes to
maintenance of area school’s facilities in which the City has no equity interest.

78

371
$

449

$

25,522
148
81

Total reserved for debt service fund type

$

25,751

Capital Projects Fund Type
NON-MAJOR GOVERNMENTAL FUNDS
Reserved for capital projects
Certain assets have been reserved for repairs to historical Sahuaro Ranch and Manistee
Ranch.

$

356

Total reserved for capital projects fund type

$

356

Designated for street GO bond projects
Accounts for the construction of street lights, traffic signals, street landscaping, streets
and parking funded by authorization approved by voters on March 10, 1987, and
November 2, 1999.

$

4,443

Total designated for special revenue fund type
Debt Service Fund Type
Reserved for debt service
Certain assets have been reserved for future payment of debt service based upon the
requirements of the various bond ordinances.
Western Loop 101 Public Facilities Corporation debt services
Municipal Property Corporation
Highway user

Designated for HURF bond projects
Accounts for the construction of streets and sidewalks. Funding is provided through
bonds issued under an authorization approved by voters on March 10, 1987.

324

Designated for economic development
Accounts for GO bond funds used to promote new private sector job creation through
development and redevelopment in the City. Funding is provided under an
authorization approved by voters on November 2, 1999.

1,862

Designated for open space/trails
Accounts for GO bond funds used to plan and acquire land and interests for the
preservation of open space; and planning, acquiring and constructing multi-use trails
and linear parks. Funding is provided under an authorization approved by voters on
November 2, 1999.
Total designated for capital projects fund type

68

919
$

7,548

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)

Enterprise Fund Type
WATER AND SEWER FUND
Restricted for debt service
The City is also required by ordinance to have accumulated sufficient funds to pay all
principal and interest due on the following July 1 and January 1 payment dates. Since
the July 1 payment is already accrued as a current liability at year-end, only the January
1 payment is included in the reserve.

$

The City’s bond ordinances require an additional reserve for any water and sewer bond
debt that is not insured by a surety bond. This reserve must be maintained at a balance
equal to the highest principal and interest coming due in any twelve-month period. As
of June 30, 2006, only the loans with the State Revolving Fund (authorized by revenue
bond election in 1961) were not covered by a surety bond.

1,020

Restricted for revenue bond retirement/replacement and extension
Two percent of net water revenues must, by bond ordinance, be reserved for the
replacement and extension of the City’s water distribution system, or for the retirement
of water revenue bonds. The reservation is only required to the extent that the reserve
equals two percent of the value of net fixed assets of the water and sewer fund.

10,932

Total restricted for water and sewer

12,108

NON-MAJOR PROPRIETARY FUNDS
Net assets held by the housing fund may only be used for that purpose.

1,880
$

13,988

Permanent Fund Type
NON-MAJOR GOVERNMENTAL FUNDS
Reserved for cemetery perpetual care
Funds are reserved by ordinance for future cemetery maintenance and operational
expenses.

$

5,555

Total reserved for permanent fund type

$

5,555

Total restricted for enterprise fund type

XVI.

156

Employee retirement systems and pension plans
A. Plan descriptions
The City contributes to the three retirement plans described below. Benefits are established by state
statute and generally provide retirement, death, long-term disability, survivor, and health insurance
premium benefits. The retirement benefits are generally paid at a percentage, based on years of
service, of the retiree’s average compensation. Long-term disability benefits vary by circumstance, but
generally pay a percentage of the employee’s monthly compensation. Health insurance premium
benefits are generally paid as a flat dollar amount per month towards the retiree’s health care insurance
premiums, in amounts based on whether the benefit is for the retiree or for the retiree and his or her
dependents.
The Arizona State Retirement System (ASRS) administers a cost-sharing multiple-employer defined
benefit pension plan; a cost-sharing multiple-employer defined benefit health insurance premium plan;
and a cost-sharing multiple-employer defined benefit long-term disability plan that covers employees
of the State of Arizona and employees of participating political subdivisions and school districts. The

69

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
ASRS is governed by the Arizona State Retirement System Board according to the provisions of ARS
Title 38, Chapter 5, Article 2.
The Public Safety Personnel Retirement System (PSPRS) is an agent multiple-employer defined benefit
pension plan that covers public safety personnel who are regularly assigned hazardous duty as
employees of the State of Arizona or one of its political subdivisions. The PSPRS, acting as a common
investment and administrative agent, is governed by a five member board, known as The Fund
Manager, and 162 local boards according to the provisions of ARS Title 38, Chapter 5, Article 4.
PSPRS is agent for the eligible Glendale Fire and Glendale Police personnel.
The Elected Officials Retirement Plan (EORP) is a cost-sharing multiple-employer defined benefit
pension plan and a cost-sharing multiple-employer defined benefit health insurance premium plan that
covers State of Arizona and City elected officials and judges, and elected officials of participating
cities. The EORP is administered by The Fund Manager of PSPRS according to the provisions of ARS
Title 38, Chapter 5, Article 3. Because the health insurance premium plan benefit of the EORP is not
established as a formal trust, it is reported in accordance with GASB Statement No. 45 as an agent
multiple-employer plan. Accordingly, the disclosures that follow reflect the EORP as if it were an
agent multiple-employer plan.
B. Financial reports
Each plan issues a publicly available financial report that includes its financial statements and required
supplementary information. A report may be obtained by writing or calling the applicable plan.
ASRS
3300 North Central Avenue
Phoenix, Arizona 85012-0250

PSPRS or EORP
3010 East Camelback Road #200
Phoenix, Arizona 85016

(602) 240-2000 or (800) 621-3778

(602) 255-5575

C. Funding policy
The Arizona State Legislature establishes and may amend contribution rates for active plan members
and the City.
Cost Sharing Plans. For the year ended June 30, 2010, active ASRS members and the City were each
required by statute to contribute at the actuarially determined rate of 9.40% (8.34% for retirement,
0.66% for health insurance premiums, and 0.40% long-term disability) of the members’ annual
covered payroll. The City’s contributions from employer and employees to ASRS for the years ended
June 30, 2010, 2009, and 2008 were $12,810, $14,595, and $14,420, respectively, which were equal to
the required contributions for the year.
Agent Plans. For the year ended June 30, 2010, PSPRS members were required by statute to
contribute 7.65% of the members’ annual covered payroll, and the City was required to contribute at
the actuarially determined rate of 18.28% and 20.68% for Fire and Police, respectively. The health
insurance premium portion of the contribution for fire members was computed as $439,830 for the
year.
In addition, active EORP members were required by statute to contribute 7.00% of the members’
annual covered payroll. The City was required to remit contributions of 26.25% of the members’
annual covered payroll, as determined by actuarial valuation. The City’s contributions from employer
and employees to EORP for the years ended June 30, 2010, 2009, and 2008 were $84, $88, and $69,
respectively, which were equal to the required contributions for the year.
Annual Pension Cost (APC). Actuarial valuations involve estimates of the value of reported amounts
and assumptions about the probability of events in the future. Amounts determined regarding the
70

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
funded status of the plans and the annual required contributions are subject to continual revision as
actual results are compared to past expectations and new estimates are made. The required schedule of
funding progress presented as required supplementary information provides multi-year trend
information that shows whether the actuarial value of the plans’ assets are increasing or decreasing
over time relative to the actuarial accrued liability for benefits.
Projections of benefits are based on 1) the plans as understood by the City and plans’ members and
include the types of benefits in force at the valuation date, and 2) the pattern of sharing benefit costs
between the City and plans’ members to that point. Actuarial calculations reflect a long-term
perspective and employ methods and assumptions that are designed to reduce short-term volatility in
actuarial accrued liabilities and the actuarial value of assets. The City’s pension cost for Fire and
Police for the year ended June 30, 2010, the date of the most recent available actuarial valuation, and
related information follow.
Fire

Police

Contribution rates:
City
Plan members

18.28%
7.65%

20.68%
7.65%

Annual pension cost

$2,688

$5,845

Actuarial cost method

Projected unit credit

Projected unit credit

8.50%
5.50% - 8.50%
5.50%

8.50%
5.50% - 8.50%
5.50%

Level % closed for unfunded
actuarial accrued liability,
open for excess

Level % closed for unfunded
actuarial accrued liability,
open for excess

26 years for unfunded
actuarial accrued liability,
20 years for excess

26 years for unfunded
actuarial accrued liability,
20 years for excess

Actuarial assumptions:
Investment rate of return
Projected salary increases*
Includes inflation at*
Amortization method

Remaining amortization period

Asset valuation method
7 year smoothed market value
7 year smoothed market value
* Does not include payroll of members participating in the deferred retirement option plan (if any).

71

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
D. Three year trend information for PSPRS
Information for the agent plan for PSPRS for Glendale Fire and Police as of the most recent available
actuarial valuations for June 30, 2010, follows.
Contributions required and contributions made
Year Ended
June 30
Police
2010
2009
2008
Fire
2010
2009
2008

Percentage of APC
Contributed

APC

Net Pension
Obligation

$
$
$

5,869
6,268
4,132

100.0 %
100.0 %
100.0 %

$
$
$

-

$
$
$

3,123
3,931
2,897

100.0 %
100.0 %
100.0 %

$
$
$

-

Includes insurance premium tax, where applicable.
E. Required supplementary information
Funded status. The funded status of the PSPRS plans as of the most recent valuation date, June 30,
2010, along with the actuarial assumptions and methods used in those valuations follow. For this
valuation, which was prior to the implementation of GASB Statement Nos. 43 and 45, the pension and
health insurance benefit amounts were aggregated. In future years when GASB Statement Nos. 43 and
45 measurements are made and reported, these benefits will be disaggregated and reported separately.
The EORP, by statute, is a cost-sharing plan. However, because of its statutory construction, in
accordance with GASB Statement No. 43, paragraphs 5 and 41, the EORP is reported for such
purposes as an agent multiple-employer plan. The Fund Manager obtains an actuarial valuation for the
EORP on its statutory basis as a cost-sharing plan and, therefore, actuarial information for the City as a
participating government, is not available.
Analysis of funding progress excluding health insurance subsidy beginning June 30, 2010:

Valuation
Date
June 30
Police
2010
2009
2008

Valuation
Date
June 30
Fire
2010
2009
2008

Actuarial
Value
of
Plan Assets

Actuarial
Accrued
Liability

Funding
Liability
(Excess)

$ 91,492
$ 85,636
$ 79,540

$ 141,093
$ 133,674
$ 129,649

$ 49,601
$ 48,038
$ 50,109

Actuarial
Value
of
Plan Assets

Actuarial
Accrued
Liability

Funding
Liability
(Excess)

$ 72,387
$ 69,763
$ 63,615

$ 90,570
$ 86,316
$ 85,494

$ 18,183
$ 16,553
$ 21,879

72

Funded
Ratio
64.8%
64.1%
64.1%

Funded
Ratio
79.9%
80.8%
74.4%

Annual
Covered
Payroll
$ 28,329
$ 29,546
$ 27,904

Annual
Covered
Payroll
$ 16,908
$ 17,179
$ 18,592

Unfunded
Liability as
Percentage
of Covered
Payroll
175.1%
162.6%
179.6%

Unfunded
Liability as
Percentage
of Covered
Payroll
107.5%
96.4%
117.7%

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
XVII.

Other Post-Employment Benefits (OPEB)
A. Plan description
The City of Glendale post-employment healthcare plan is a single-employer defined benefit plan
administered by the City of Glendale. The plan provides medical, dental, and vision coverage for
eligible retirees and their dependents. Retirees can also continue their basic life insurance benefit. The
Mayor and Council have authority each budget year to establish, eliminate, or amend benefit
provisions through the annual budget process. A separate report is not provided as the plan financial
information is included in the governmental-wide basis and proprietary funds as part of the City of
Glendale reporting entity.
B. Funding policy
The City pays for and reports retiree benefits on a pay-as-you-go basis, which is the practice of paying
for these benefits as they become due each year. Contributions to the plan by retirees are established at
the beginning of each fiscal year through the annual budget process. For the fiscal year ending June
30, 2010, and June 30, 2009, a total amount of $3,273 and $2,930 was contributed to the plan by active
retirees, respectively, in the form of current premiums of which $4,980 and $4,509 was paid out for
retiree costs, respectively. The required contributions were 3.25% and 2.68% of covered payroll
respectively.
C. Annual OPEB cost and net OPEB obligation
The City of Glendale’s annual other post-employment benefit (OPEB) cost (expense) is calculated
based on the annual required contribution of the employer (ARC), and amount actuarially determined
in accordance with the parameters of GASB Statement 45. The ARC represents a level of funding
that, if paid on an ongoing basis, is projected to cover normal cost each year and amortize any
unfunded actuarial liabilities (or funding excess) over a period not to exceed thirty years. The
following table shows the components of the City’s annual OPEB cost for the year, the amount
actually contributed to the plan, and any changes in the net OPEB obligation as of June 30, 2010.
Normal cost
Minimum amortization of unfunded actuarial liability (UAL)
Interest adjustment to year end
Annual required contribution

$

6,640
3,806
418
10,864

ARC adjustment
Interest adjustment to net obligation
OPEB cost

(685)
767
10,946

Contributions made
Net OPEB obligation beginning of year
Net OPEB obligation end of year

(1,408)
19,185
28,723

$

The City’s annual OPEB cost, the percentage of annual OPEB cost contributed to the plan, and the net
OPEB obligation for 2008, the transition year, and 2009 and 2010 are as follows:
Fiscal Year
2008
2009
2010

Annual OPEB Cost
$11,017
11,070
10,946

73

Percentage of Annual
OPEB Cost Contributed
10.1%
14.3
12.9

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
D. Funding status
The City’s funding status for OPEB is as follows:
Actuarial valuation date
Actuarial value of assets
Actuarial accrued liability
Unfunded Actuarial Liability (UAL)
Funded ratio
Annual covered payroll
Ratio of UAL to annual covered payroll

July 1, 2009
$
$ 106,578
$ 106,578
-%
$ 109,704
97.2%

E. Actuarial methods and assumptions
Projections of benefits for financial reporting purposes are based on the substantive plan and include
the types of benefits provided at the time of each valuation and the historical pattern of sharing of
benefit costs between employer and plan members at that point. The actuarial methods and
assumptions used include techniques that are designed to reduce the effects of short-term volatility in
actuarial accrued liabilities and actuarial value of assets, consistent with the long-term perspective of
the calculations.
For the July 1, 2010, actuarial valuation the actuarial cost method used is the entry age normal method.
A 4.00% pay as you go discount rate was used. No actuarial valuation of assets was done as there
were no assets at the valuation date. The amortization method is dollar amortized over 29 years and
the period is open. The healthcare cost trend rate used in the actuarial assumptions averaged 8.6% for
the medical and dental plans for the 2009-10 fiscal year.
XVIII.

Contingent liabilities and commitments
Amounts received or receivable from grant agencies are subject to audit and adjustment by grantor
agencies, principally the federal government. Any disallowed claims, including amounts already collected,
may constitute a liability of the applicable funds. The amount, if any, of expenditures that may be
disallowed by the grantor cannot be determined at this time, although the city expects such amounts, if any,
to be immaterial.
The City is subject to claims and litigation, which arise in the ordinary course of its operations. The
resolution of such claims and litigation will have no material adverse effect on the financial position or the
future operations of the City.

XIX.

Subsequent events
In November 2010, the City issued $26 million in water and sewer revenue bonds. The proceeds will be
used to fund several projects in the water and sewer enterprise fund. The bonds will be repaid by the City
utility system user charges. The bonds will be sold as “Build America Bonds” under The American
Recovery and Reinvestment Act of 2009, in which the federal government reimburses 35% of the interest
cost of the bonds.
Also in November 2010, the City issued $38 million in general obligation refunding bonds. The bonds will
refund general obligation issues from 2002 and 2003. The refunding bonds will be repaid by the City’s
secondary property tax.
The Phoenix Coyotes of the National Hockey League (NHL) are the anchor tenant in the City owned
Jobing.com arena. The former owner of the Coyotes, Jerry Moyes, filed for bankruptcy on May 5, 2009.

74

CITY OF GLENDALE, ARIZONA
Notes to the Financial Statements
June 30, 2010
(amounts expressed in thousands)
After a lengthy battle in court, and the failed bid of a buyer who wanted to move the team to Canada, the
NHL bought the Coyotes on November 3, 2009. The NHL , the current owner of the Phoenix Coyotes
professional hockey franchise (the Coyotes), is considering the sale of the Coyotes to an investor group led
by PEAK6 Investments (PEAK6). Such sale is expected to occur by December 31, 2010. In conjunction
with the purchase of the Coyotes by PEAK6, the City expects to purchase from PEAK6 certain parking
rights and associated revenues. The purchase price for the parking rights to be paid by the City is expected
to be approximately $100,000. The City anticipates issuing bonds, secured principally by parking revenues
and possibly excise taxes, to fund such purchase price.
XX.

Implementation of GASB Statement No. 54
In February 2009, GASB issued Statement No. 54 Fund Balance Reporting and Governmental Fund Type
Definitions. This new standard will not change the amount of fund balance, but will alter the categories
and terminology used to describe the fund balance components. This statement is effective for fiscal
periods ending June 30, 2011. The City is reviewing the requirements and plans to implement this new
statement with the fiscal year ending June 30, 2011.

The remainder of this page left blank intentionally.

75

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76

City of Glendale, Arizona
COMPREHENSIVE ANNUAL FINANCIAL REPORT
_________________________________________________________

REQUIRED
SUPPLEMENTARY
INFORMATION
(other than MD&A)

___________________________ FOR THE FISCAL YEAR ENDED JUNE 30, 2010

This page left blank intentionally.

City of Glendale, Arizona
Budgetary Comparison Schedule
General Fund
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)

1 of 2

Budgeted Amounts
Original
Budgetary fund balance, July 1, 2009

$

RESOURCES (INFLOWS):
Taxes
Licenses and permits
Intergovernmental
Charges for services
Fines and forfeitures
Investment income (loss)
Proceeds from disposal of assets
Miscellaneous
Total revenues
Add: Transfers in
Less: Transfers out
Amounts available for appropriation
CHARGES TO APPROPRIATIONS (OUTFLOWS):
Current:
General government
Public safety
Public works
Community services
Community environment
Street maintenance
Contingencies
Miscellaneous
Debt service:
Principal
Interest
Capital outlay
Total charges to appropriations
Budgetary fund balance, June 30, 2010

$

Final

40,600

$

40,600

Variance with
Final Budget
Positive
(Negative)

Actual
Amounts
(budgetary basis)
$

56,380

$

15,780

60,955
9,111
62,547
29,074
4,305
2,080
150
4,443
172,665
5,119
(20,965)
197,419

60,955
9,111
62,547
29,074
4,305
2,080
150
4,443
172,665
5,119
(20,965)
197,419

57,537
8,641
58,490
26,545
4,050
1,310
404
3,524
160,501
7,219
(18,479)
205,621

(3,418)
(470)
(4,057)
(2,529)
(255)
(770)
254
(919)
(12,164)
2,100
2,486
8,202

32,628
83,043
25,412
26,952
194
791
9,447
2,482

35,426
83,148
26,572
27,368
84
840
9,458
2,482

30,457
77,765
23,462
23,238
78
791
1,627

4,969
5,383
3,110
4,130
6
49
9,458
855

581
991
8,115
190,636

1,401
1,095
5,452
193,326

2,189
244
2,605
162,456

(788)
851
2,847
30,870

6,783

$

4,093

$

43,165

$

39,072

(Continued)

77

City of Glendale, Arizona
Budgetary Comparison Schedule (continued)
General Fund
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)

2 of 2

Explanation of differences between budgetary inflows and outflows and GAAP revenues and expenditures
Sources/inflows of resources:
Actual amounts (budgetary basis) "available for appropriation" from the budgetary comparison schedule.
Differences - budget to GAAP:
The fund balance at the beginning of the year is a budgetary resource but is not a current year revenue
for financial reporting purposes.
Indirect cost allocation
Market adjustment on restricted investments not available for appropriation.
Internal charges for services provided.
Proceeds from disposal of assets.
Less: Transfers in.
Add: Transfers out.
Total revenues as reported in the combining statement of revenues, expenditures, and changes in fund
balances - governmental funds.
Uses/outflows or resources:
Actual amounts (budgetary basis) "total charges to appropriations" from the budgetary comparison schedule.
Differences - budget to GAAP:
Capital outlay funded by long-term debt.
Internal charges for services provided.
Total expenditures as reported in the combining statement of revenues, expenditures, and changes in fund
balances - governmental funds.
The notes to the financial statements are an integral part of this statement.

78

$

205,621

(56,380)
(7,862)
(1,421)
(13,025)
(404)
(7,219)
18,479
$

137,789

$

162,456
112
(21,726)

$

140,842

City of Glendale, Arizona
Budgetary Comparison Schedule
Transportation Fund
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)

Budgeted Amounts
Original
Budgetary fund balance, July 1, 2009

$

Actual
Amounts
(budgetary basis)

Final

50,041

$

50,041

$

50,829

Variance with
Final Budget
Positive
(Negative)
$

788

RESOURCES (INFLOWS):
Taxes
Intergovernmental
Charges for services
Investments
Proceeds from disposal of assets
Fines and forfeitures
Miscellaneous revenues
Total revenues
Add: Transfers in
Less: Transfers out
Amounts available for appropriation

20,000
2,417
131
521
4
21,552
44,625
2,169
(9,680)
87,155

20,000
2,417
131
521
4
21,552
44,625
2,169
(9,680)
87,155

19,488
2,509
130
213
13
2
471
22,826
1,904
(9,122)
66,437

(512)
92
(1)
(308)
13
(2)
(21,081)
(21,799)
(265)
558
(20,718)

CHARGES TO APPROPRIATIONS (OUTFLOWS):
Current:
Community services
Capital outlay
Total charges to appropriations

16,372
70,783
87,155

17,873
68,959
86,832

11,191
19,897
31,088

6,682
49,062
55,744

Budgetary fund balance, June 30, 2010

$

-

$

323

$

Explanation of differences between budgetary inflows and outflows and GAAP revenues and expenditures
Sources/inflows of resources:
Actual amounts (budgetary basis) "available for appropriation" from the budgetary comparison schedule.
Differences - budget to GAAP:
The fund balance at the beginning of the year is a budgetary resource but is not a current year revenue
for financial reporting purposes.
Proceeds from disposal of assets.
Unrealized investment income.
Less: Transfers in.
Add: Transfers out.
Total revenues as reported in the combining statement of revenues, expenditures, and changes in fund
balances - governmental funds.
Uses/outflows or resources:
Actual amounts (budgetary basis) "total charges to appropriations" from the budgetary comparison schedule.
Differences - budget to GAAP:
Salaries payable.
Total expenditures as reported in the combining statement of revenues, expenditures, and changes in fund
balances - governmental funds.

The notes to the financial statements are an integral part of this statement.

79

35,349

$

35,026

$

66,437

(50,829)
(13)
(9)
(1,904)
9,122
$

22,804

$

31,088
(65)

$

31,023

CITY OF GLENDALE, ARIZONA
Notes to Required Supplementary Information
June 30, 2010
(amounts expressed in thousands)
I.

Budgetary basis of accounting
The City prepares its annual budget on a basis which differs from the GAAP basis. Budgetary comparison
schedules for the general and transportation funds are included as required supplementary information to
provide a meaningful comparison of actual results to budget on the budget basis. Budgetary comparison
schedules for all other funds are presented as other supplemental information after the combining statements.
In all cases, the budgetary schedules include a reconciliation of the adjustments required to convert the
budgetary revenues and expenditures or change in net assets on a budgetary basis, to revenues and
expenditures/expenses or change in net assets on a GAAP basis.

II.

Budgetary information
The City utilizes the following procedures in establishing the budgetary data reflected in the financial
statements.
1.

2.

3.

4.

5.

6.

III.

Prior to the first of June of each year, the City Manager submits to the Mayor and Council a proposed
operating budget for the fiscal year commencing the following July 1. The budget includes proposed
operating and capital expenditures and the means of financing them.
The projected beginning budgeted fund balances for each fund are based on preliminary estimates of the
June 30th ending actual budget basis fund balances rather than the June 30th ending budgeted fund
balances. These two amounts will differ because of differences in actual results for the year versus
planned results and by unused contingency appropriations.
Prior to July 1, after receiving comments in a public hearing, a tentative budget is adopted by the City
Council, which fixes an upper-dollar limit for all funds combined, beyond which the City may not
increase appropriations. After two weeks of legal advertising, the City Council legally adopts a final
budget ordinance, which fixes appropriations for each fund, except for the nonexpendable trust fund.
Budget basis expenditures may not exceed appropriations for each fund, except in conjunction with the
transfer of contingency funds. Contingency funds are appropriated for several funds as identified in the
budget basis schedules and may only be transferred with City Council approval. The City Council may
reallocate appropriations through amendment, but may not increase total appropriations above the total
budget, which was legally adopted for the fiscal year.
The Director of Budget and Management is generally authorized to transfer budgeted amounts within
departments’ approved capital or operating budgets, and the City Manager is authorized to transfer
appropriations between departments. Any new capital improvement projects or any nonbudgeted
projects require City Council approval.
Formal budgetary integration is employed as a management control device during the year for all funds
except the Western Loop 101 Public Facilities Corporation.

Contingency appropriation
The principal purpose of a contingency appropriation is to cover any unforeseen expenditure, which may arise
after the budget is adopted. It is impossible to estimate revenues exactly or to determine in a prior year the
exact expenditures of each program or activity for the ensuing year. Thus, a contingency is essential for
budgetary purposes.
Contingency appropriation is re-established each fiscal year based on available fund balance and balancing
needs of the budget year. The unused balances of contingency appropriations are reflected in the budget basis
financial statements.

80

City of Glendale, Arizona
COMPREHENSIVE ANNUAL FINANCIAL REPORT
_________________________________________________________

COMBINING
STATEMENTS

___________________________ FOR THE FISCAL YEAR ENDED JUNE 30, 2010

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City of Glendale, Arizona
Budgetary Comparison Schedule
General Obligation Debt Service Fund
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)

Budgeted Amounts
Original
Budgetary fund balance, July 1, 2009

$

RESOURCES (INFLOWS):
Investments
Taxes
Miscellaneous
Total inflows
Less: Transfers out
Amounts available for appropriation

$

29,349
29,349
(2,709)
49,439

CHARGES TO APPROPRIATIONS (OUTFLOWS):
Current:
Miscellaneous
Debt service:
Principal
Interest
Total charges to appropriations
Budgetary fund balance, June 30, 2010

22,799

Final

$

22,799

Actual
Amounts
(budgetary basis)
$

29,349
29,349
(2,709)
49,439

22,559

340

-

13,819
8,162
22,321

14,511
8,162
23,013

13,818
9,175
22,993

$

26,426

$

26,604

Explanation of differences between budgetary inflows and outflows and GAAP revenues and expenditures
Sources/inflows of resources:
Actual amounts (budgetary basis) "available for appropriations" from the budgetary comparison schedule.
Differences - budget to GAAP:
The fund balance at the beginning of the year is a budgetary resource but is not a current year revenue
for financial reporting purposes.
Miscellaneous revenues
Add transfers out
Total revenues as reported in the combining statement of revenues, expenditures, and changes in fund
balances - governmental funds.
Uses/outflows or resources:
Actual amounts (budgetary basis) "total charges to appropriations" from the budgetary comparison schedule.
Differences - budget to GAAP:
Arbitrage rebate.
Total expenditures as reported in the combining statement of revenues, expenditures, and changes in fund
balances - governmental funds.

81

$

354
29,312
81
29,747
(2,709)
49,597

340

27,118

Variance with
Final Budget
Positive
(Negative)
(240)

354
(37)
81
398
158

340
693
(1,013)
20
$

178

$

49,597

(22,559)
(81)
2,709
$

29,666

$

22,993
18

$

23,011

This page left blank intentionally.

82

NON-MAJOR GOVERNMENTAL FUNDS
Special Revenue Funds
Special revenue funds are used to account for revenues from specific taxes or other earmarked revenue sources,
which by law are designated to finance particular functions or activities of government and which, therefore,
cannot be diverted to other uses.
Community Development Block Grants Fund
This fund accounts for a series of ongoing entitlements received directly from the U. S. Department
of Housing and Urban Development (HUD). This fund also includes the HUD Rental
Rehabilitation and HOME programs.
Highway User Gas Tax Fund
This fund accounts for capital outlay and maintenance of municipal streets and highways, as
mandated by the Arizona Revised Statutes. Financing for this fund is provided by state-shared fuel
taxes.
Development Impact Fees Fund
This fund accounts for fees covered by Chapter 28, Article VI of the Municipal Code. The fees are
used exclusively to provide the necessary public facilities and services for development.
Residential development impact fees may be spent only in the district (residential development
district, not political district) in which they are collected.
Police and Fire Sales Tax Fund
This fund accounts for police and fire activities funded by a .5 percent sales tax levied directly by voter
initiative.
Federal Stimulus Fund
This fund accounts for the three-year federal stimulus grants that were started in FY 2010 and were allocated
to the City of Glendale as part of the American Reinvestment and Recovery Act (ARRA), the federal
stimulus package.
Other Special Revenue Fund
This fund accounts for various activities, including both the airport and civic center. Neither is
considered to be an enterprise fund for financial reporting purposes and the City Council’s present
intent is not to have user fees cover the total costs of providing services.
•
•
•

Municipal airport and civic center operations
Miscellaneous grants received from federal, state or local governments
Recreation programs and site maintenance
Debt Service Funds

Debt service funds are used to account for the accumulation of resources for, and the payment of, general longterm debt principal, interest and related costs.
Western Loop 101 Public Facilities Debt Service Fund
This fund accumulates monies for payment of debt service to the Western Loop 101 Public Facilities
Corporation’s bond holders.
Highway User Debt Service Fund
This fund accumulates monies for payment of all street and highway revenue bonds of the City.
Highway user fuel taxes are transferred from a special revenue fund to fund this debt.

83

Municipal Property Corporation Debt Service
The Municipal Property Corporation debt service fund accounts for building lease payments received from
the general fund and subsequently paid as debt service to Municipal Property Corporation bondholders.
Transportation Debt Service
This fund accumulates monies for payment of the transportation revenue bonds. Transportation excise taxes
are transferred from a revenue fund to fund this debt.
Capital Projects Funds
Capital projects funds are used to account for financial resources to be used for the acquisition or construction of
major capital facilities (other than those financed by proprietary funds and trust funds).
Western Loop 101 Public Facilities Corporation Construction Fund
The Western Loop 101 Public Facilities Corporation (PFC) construction fund accounts for the
construction and equipping of a spring training baseball facility and related infrastructure. The
facility and infrastructure are financed by PFC issued excise tax revenue bonds.
Streets Construction Fund
This fund accounts for the construction of streets, sidewalks, streetlights, traffic signals, and street
landscaping funded through GO and revenue bonds issued under authorizations approved by voters
on March 10, 1987, and November 2, 1999.
Fire and Police Construction Fund
This fund accounts for the construction of fire and police department facilities. Funding is
provided through GO bonds issued under authorizations approved by voters on March 10, 1987,
and November 2, 1999.
Parks Bond Construction Fund
This fund accounts for the construction of parks and recreation improvements.
Other Construction Fund
This fund accounts for the construction of various City projects. Funding is provided through GO
bonds issued under authorizations approved by voters on March 10, 1987, and November 2, 1999,
and the Federal Aviation Administration.
•
•
•
•
•
•
•
•

Flood control facilities
Library
Airport
Transit projects
Economic development
Open space/trails
Government facilities
Cultural facilities
Permanent Fund

Permanent funds are used to report resources that are legally restricted to the extent that only earnings, not
principal, may be used for purposes that support the reporting City’s programs.
Cemetery Perpetual Care Fund
This fund is used to account for the revenues received by the City from the sale of cemetery lots
and other related services.

84

This page left blank intentionally.

85

City of Glendale, Arizona
Combining Balance Sheet
Non-Major Governmental Funds
June 30, 2010
(amounts expressed in thousands)

Special Revenue Funds

Community

ASSETS
Equity in pooled cash and investments
Receivables, net of allowance for doubtful accounts:
Accounts
Intergovernmental receivable
Inventories and prepaid items
Restricted cash and investments
Deferred receivables
Total assets
LIABILITIES AND FUND BALANCES:
Liabilities:
Vouchers payable
Accounts payable
Retainage payable
Compensated absences - current
Intergovernmental payable
Due to other funds
Deposits
Matured interest payable
Deferred revenue
Matured bonds payable
Total liabilities
Fund balances:
Reserved for (Note XV):
Inventory
Development impact fees
Drug enforcement
Garden for visually impaired
Cultural facility projects
Cemetery
Debt service
Unreserved:
Designated for (Note XV):
Home program
Pool/park repair
Street capital projects
Other capital projects
Undesignated
Total fund balances
Total liabilities and fund balances

Debt Service Funds

Police
and

Western
Loop 101

Highway

Development

Development

User

Impact

Fire

Federal

Block Grants

Gas Tax

Fees

Sales Tax

Stimulus

$

-

$

3
1,345
3,892
5,240

$

$

434
43
3
786
3,892
5,158

$

6,297

$

1,269
178
7,744

$

338
33
371

$

12,130

$

12,130

$

83
83

$

6,188

$

1,438
7,626

$

906
71
977

-

178
-

12,047
-

-

78
4
82
5,240

7,195
7,373
7,744

12,047
12,130

6,649
6,649
7,626

$

$

86

$

Other

$

370

$

552
922

$

157
13
753
923

$

1,902

$

280
1,776
10,180
3,077
17,215

$

-

$

(1)
(1)
922

$

617
15
2
6
9,684
10,324

Public Facilities

Highway

Corporation

User

$

-

$

32,027
32,027

$

6,505
6,505

$

4,295

$

4,295

$

484
3,730
4,214

5,341
148
-

25,522

81

371
1,031
6,891
17,215

25,522
32,027

81
4,295

$

$

Debt Service Funds (cont.)
Western
Loop 101
Public Facilities

Municipal
Property
Corporation
$

-

$

14,044
14,044

$

$

24
12
859
7,401
5,600
13,896

Transportation
$

5,003

$

5,003

$

Permanent
Fund

Capital Project Funds

2,328
2,675
5,003

Fire
and

Parks

Cemetery

Total
Non-Major

Corporation

Streets

Police

Bond

Other

Perpetual

Governmental

Construction

Construction

Construction

Construction

Construction

Care

Funds

$

40

$

4,836

$

6,431

$

3,765

$

22,409

$

3,399
8,460
11,899

$

4,836

$

6,431

$

3,765

$

2
22,411

$

40
1,158
3,399
4,597

$

9
60
69

$

238
238

$

184
33
217

$

2,797
22
2,819

$

5,555

$

78
5,633

$

78
78

$

79,221

$

5,198
4,944
178
64,711
6,969
161,221

$

5,787
40
89
122
14
2,803
6
16,718
17,888
12,005
55,472

148

-

-

-

-

-

356
-

5,555
-

178
12,047
5,341
148
356
5,555
25,751

148
14,044

5,003

7,302
7,302
11,899

4,767
4,767
4,836

6,193
6,193
6,431

3,548
3,548
3,765

2,781
16,455
19,592
22,411

5,555
5,633

78
371
4,767
2,781
48,376
105,749
161,221

$

$

$

$

87

$

$

$

$

City of Glendale, Arizona
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances
Non-Major Governmental Funds
For the Fiscal Year Ended June 30, 2010
(amounts expressed is thousands)

Special Revenue Funds

Community

REVENUES
Taxes and special assessments
Licenses and permits
Intergovernmental
Charges for services
Investments
Miscellaneous
Total revenues

Police

Western

and

Loop 101

Highway

Development

Development

User

Impact

Fire

Federal

Block Grants

Gas Tax

Fees

Sales Tax

Stimulus

$

EXPENDITURES
Current:
General government
Public safety
Public works
Community services
Community environment
Street maintenance
Miscellaneous
Debt service:
Principal
Interest
Capital outlay
Total expenditures
Excess (deficiency) of revenues
over expenditures

5,519
85
5,604

$

1,093
88
1,181

$

17,900
17,900

$

1,271
1,271

$

2,054
7,866
6,242
127
1,094
17,383

Highway

Corporation

User

$

-

$

-

44
-

14,335
-

863
-

878
3,983
71
2,848
509
338

-

3

33
5,606

37
2
9,636

844
43
799
1,730

14,335

409
1,272

585
9,212

13,011
13,011

3,730
969
4,702

(1)

8,171

(13,011)

(4,702)

-

1,201
(6,500)
(5,299)

(1)

2,872

(2)

$

$

Public Facilities

9,597
-

-

Excess (deficiency) of revenues
and other sources over
Net change in fund balances

13,774
2
13,776

Other

5,573
-

(2)

OTHER FINANCING SOURCES (USES)
Long-term debt issued
Premium on long-term debt issued
Transfers in
Transfers out
Total other financing sources and uses

Fund balances, July 1
Fund balances, June 30

Debt Service Funds

84
82

$

4,140

(549)

3,565

553
553

(944)
(944)

-

4,693

(1,493)

3,565

2,680
7,373

$

13,540
12,047

88

$

3,084
6,649

$

(1)

$

4,019
6,891

-

4,653
4,653

(13,011)

$

38,533
25,522

(49)

$

130
81

Debt Service Funds (cont.)

Capital Projects Funds

Municipal
Property
Corporation
$

1,610
79
1,689

Transportation
$

Fire

Public Facilities

and

Permanent Fund
Total
Parks

Cemetery

Non-Major

Corporation

Streets

Police

Bond

Other

Perpetual

Governmental

Construction

Construction

Construction

Construction

Construction

Care

Funds

$

$

$

$

$

5,011
5,011

14
183
197

262
18
9
289

2
3
5

356
42
7,539
7,937

$

36
36

$

19,954
1,093
29,048
7,852
327
14,005
72,279

34

3

3

1
-

221
176
-

162
13
-

367
13
36
-

-

1,628
18,494
97
3,792
6,082
9,597
381

5,600
14,801
20,435

2,675
4,655
7,333

12,101
12,104

578
579

348
6
2,422
3,173

8,510
8,685

210
7
15,478
16,111

-

13,444
33,494
40,915
127,924

(18,746)

(7,333)

(7,093)

(382)

(2,884)

(8,680)

(8,174)

36

(55,645)

18,737
18,737

7,333
7,333

-

(1)
(1)

12,300
3
12,303

8,965
2
(35)
8,932

20,385
5
(949)
19,441

-

41,650
10
32,477
(8,429)
65,708

(383)

9,419

252

11,267

(9)

$

-

Western
Loop 101

157
148

-

$

-

(7,093)

$

14,395
7,302

$

5,150
4,767

$

(3,226)
6,193

89

$

3,296
3,548

$

8,325
19,592

36

$

5,519
5,555

10,063

$

95,686
105,749

City of Glendale, Arizona
Budgetary Comparison Schedule
Community Development Block Grants Fund
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)

Budgeted Amounts
Original
Budgetary fund balance, July 1, 2009

$

987

Final
$

987

Actual
Amounts
(budgetary basis)
$

89

RESOURCES (INFLOWS):
Intergovernmental
Miscellaneous
Total revenues
Amounts available for appropriation

3,000
3,000
3,987

3,000
3,000
3,987

5,519
85
5,604
5,693

CHARGES TO APPROPRIATIONS (OUTFLOWS):
Current:
Community environment
Capital Outlay
Total charges to appropriations

3,709
3,709

6,409
6,409

5,575
33
5,608

Budgetary fund balance, June 30, 2010

$

278

$

(2,422)

$

Explanation of differences between budgetary inflows and outflows and GAAP revenues and expenditures
Sources/inflows of resources:
Actual amounts (budgetary basis) "available for appropriations" from the budgetary comparison schedule.
Differences - budget to GAAP:
The fund balance at the beginning of the year is a budgetary resource but is not a current year revenue
for financial reporting purposes.
Total revenues as reported in the combining statement of revenues, expenditures, and changes in fund
balance - governmental funds.
Uses/outflows of resources:
Actual amounts (budgetary basis) "total charges to appropriations" from the budgetary comparison schedule.
Differences - budget to GAAP:
Salaries payable.
Total expenditures as reported in the combining statement of revenues, expenditures, and changes in fund
balances - governmental funds.

90

85

Variance with
Final Budget
Positive
(Negative)
$

(898)

2,519
85
2,604
1,706

834
(33)
801
$

2,507

$

5,693

(89)
$

5,604

$

5,608
(2)

$

5,606

City of Glendale, Arizona
Budgetary Comparison Schedule
Highway Users Gas Tax Fund
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)

Budgeted Amounts
Original
Budgetary fund balance, July 1, 2009

$

RESOURCES (INFLOWS):
Intergovernmental
Miscellaneous
Total revenues
Add: Transfers in
Amounts available for appropriation
CHARGES TO APPROPRIATIONS (OUTFLOWS):
Current:
Street maintenance
Debt service:
Principal
Interest
Total charges to appropriations
Budgetary fund balance, June 30, 2010

Final

1,842

$

1,842

Actual
Amounts
(budgetary basis)
$

3,031

Variance with
Final Budget
Positive
(Negative)
$

1,189

14,100
14,100
15,942

14,100
14,100
15,942

13,774
2
13,776
553
17,360

(326)
2
(324)
553
1,418

15,903

16,547

9,718

6,829

37
2
15,942

37
2
16,586

37
2
9,757

6,829

$

-

$

(644)

$

7,603

Explanation of differences between budgetary inflows and outflows and GAAP revenues and expenditures
Sources/inflows of resources:
Actual amounts (budgetary basis) "available for appropriations" from the budgetary comparison schedule.
Differences - budget to GAAP:
The fund balance at the beginning of the year is a budgetary resource but is not a current year revenue
for financial reporting purposes.
Less: Transfers in.
Total revenues as reported in the combining statement of revenues, expenditures, and changes in fund
balances - governmental funds.
Uses/outflows or resources:
Actual amounts (budgetary basis) "total charges to appropriations" from the budgetary comparison schedule.
Differences - budget to GAAP:
Salaries payable.
Total expenditures as reported in the combining statement of revenues, expenditures, and changes in fund
balances - governmental funds.

91

$

8,247

$

17,360

(3,031)
(553)
$

13,776

$

9,757
(121)

$

9,636

City of Glendale, Arizona
Budgetary Comparison Schedule
Development Impact Fees Fund
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)

Budgeted Amounts
Original
Budgetary fund balance, July 1, 2009

$

Final

14,287

$

14,287

Actual
Amounts
(budgetary basis)
$

13,541

Variance with
Final Budget
Positive
(Negative)
$

(746)

RESOURCES (INFLOWS):
Licenses and permits
Investments
Total revenues
Less: Transfers out
Amounts available for appropriation

1,778
285
2,063
(3)
16,347

1,778
285
2,063
(3)
16,347

1,093
88
1,181
(944)
13,778

(685)
(197)
(882)
(941)
(2,569)

CHARGES TO APPROPRIATIONS (OUTFLOWS):
General administration
Public safety
Street maintenance
Community services
Capital outlay
Principal retirement
Interest expense
Total charges to appropriations

11
1,380
625
9,354
2,735
1,986
256
16,347

12
1,380
325
10,025
1,089
1,192
155
14,178

44
799
844
43
1,730

12
1,380
325
9,981
290
348
112
12,448

Budgetary fund balance, June 30, 2010

$

-

$

2,169

$

12,048

Explanation of differences between budgetary inflows and outflows and GAAP revenues and expenditures
Sources/inflows of resources:
Actual amounts (budgetary basis) "available for appropriations" from the budgetary comparison schedule.
Differences - budget to GAAP:
The fund balance at the beginning of the year is a budgetary resource but is not a current year revenue
for financial reporting purposes.
Add: Transfers out.
Total revenues as reported in the combining statement of revenues, expenditures, and changes in fund
balances - governmental funds.
Uses/outflows or resources:
Actual amounts (budgetary basis) "total charges to appropriations" from the budgetary comparison schedule.
Total expenditures as reported in the combining statement of revenues, expenditures, and changes in fund
balances - governmental funds.

92

$

9,879

$

13,778

(13,541)
944
$

1,181

$

1,730

$

1,730

City of Glendale, Arizona
Budgetary Comparison Schedule
Police and Fire Sales Tax Fund
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)

Budgeted Amounts
Original
Budgetary fund balance, July 1, 2009

$

Actual
Amounts
(budgetary basis)

Final
-

$

-

$

3,489

Variance with
Final Budget
Positive
(Negative)
$

3,489

RESOURCES (INFLOWS):
Taxes
Total revenues
Amounts available for appropriation

18,961
18,961
18,961

18,961
18,961
18,961

17,900
17,900
21,389

(1,061)
(1,061)
2,428

CHARGES TO APPROPRIATIONS (OUTFLOWS):
Current:
Public safety
Capital outlay
Total charges to appropriations

17,550
127
17,677

17,550
127
17,677

14,283
14,283

3,267
127
3,394

Budgetary fund balance, June 30, 2010

$

1,284

$

1,284

$

Explanation of differences between budgetary inflows and outflows and GAAP revenues and expenditures
Sources/inflows of resources:
Actual amounts (budgetary basis) "available for appropriations" from the budgetary comparison schedule.
Differences - budget to GAAP:
The fund balance at the beginning of the year is a budgetary resource but is not a current year revenue
for financial reporting purposes.
Total revenues as reported in the combining statement of revenues, expenditures, and changes in fund
balances - governmental funds.
Uses/outflows or resources:
Actual amounts (budgetary basis) "total charges to appropriations" from the budgetary comparison schedule.
Differences - budget to GAAP:
Salaries payable.
Total expenditures as reported in the combining statement of revenues, expenditures, and changes in fund
balances - governmental funds.

93

7,106

$

5,822

$

21,389

(3,489)
$

17,900

$

14,283
52

$

14,335

City of Glendale, Arizona
Budgetary Comparison Schedule
Federal Stimulus Fund
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)

Budgeted Amounts
Original
Budgetary fund balance, July 1, 2009

$

Actual
Amounts
(budgetary basis)

Final
-

$

-

$

-

Variance with
Final Budget
Positive
(Negative)
$

-

RESOURCES (INFLOWS):
Intergovernmental
Total revenues
Amounts available for appropriation

-

-

1,271
1,271
1,271

1,271
1,271
1,271

CHARGES TO APPROPRIATIONS (OUTFLOWS):
Current:
Community services
Capital outlay
Total charges to appropriations

-

4,725
717
5,442

863
409
1,272

3,862
308
4,170

Budgetary fund balance, June 30, 2010

$

-

$

(5,442)

$

Explanation of differences between budgetary inflows and outflows and GAAP revenues and expenditures
Sources/inflows of resources:
Actual amounts (budgetary basis) "available for appropriations" from the budgetary comparison schedule.
Total revenues as reported in the combining statement of revenues, expenditures, and changes in fund
balances - governmental funds.
Uses/outflows or resources:
Actual amounts (budgetary basis) "total charges to appropriations" from the budgetary comparison schedule.
Total expenditures as reported in the combining statement of revenues, expenditures, and changes in fund
balances - governmental funds.

94

(1)

$

5,441

$

1,271

$

1,271

$

1,272

$

1,272

City of Glendale, Arizona
Budgetary Comparison Schedule
Other Special Revenue Fund
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)

Budgeted Amounts
Original
Budgetary fund balance, July 1, 2009

$

2,439

Final
$

2,439

Actual
Amounts
(budgetary basis)
$

4,084

Variance with
Final Budget
Positive
(Negative)
$

1,645

RESOURCES (INFLOWS):
Taxes
Intergovernmental
Charges for services
Investments
Miscellaneous
Total revenues
Add: Transfers in
Less: Transfers out
Amounts available for appropriation

1,901
32,514
6,318
16,277
57,010
1,437
(6,382)
54,504

1,901
32,514
6,318
16,277
57,010
1,437
(6,382)
54,504

2,054
7,866
6,242
127
1,094
17,383
1,201
(6,500)
16,168

153
(24,648)
(76)
127
(15,183)
(39,627)
(236)
(118)
(38,336)

CHARGES TO APPROPRIATIONS (OUTFLOWS):
Current:
General government
Public safety
Public works
Community services
Community environment
Miscellaneous
Capital outlay
Total charges to appropriations

853
12,715
177
3,445
488
332
34,830
52,840

853
12,513
177
3,679
580
332
24,052
42,186

876
3,980
72
2,842
507
338
585
9,200

(23)
8,533
105
837
73
(6)
23,467
32,986

Budgetary fund balance, June 30, 2010

$

1,664

$

12,318

$

Explanation of differences between budgetary inflows and outflows and GAAP revenues and expenditures
Sources/inflows of resources:
Actual amounts (budgetary basis) "available for appropriations" from the budgetary comparison schedule.
Differences - budget to GAAP:
The fund balance at the beginning of the year is a budgetary resource but is not a current year revenue
for financial reporting purposes.
Less: Transfers in.
Add: Transfers out.
Total revenues as reported in the combining statement of revenues, expenditures, and changes in fund
balances - governmental funds.
Uses/outflows or resources:
Actual amounts (budgetary basis) "total charges to appropriations" from the budgetary comparison schedule.
Differences - budget to GAAP:
Salaries payable.
Total expenditures as reported in the combining statement of revenues, expenditures, and changes in fund
balances - governmental funds.

95

6,968

$

(5,350)

$

16,168

(4,084)
(1,201)
6,500
$

17,383

$

9,200
12

$

9,212

City of Glendale, Arizona
Budgetary Comparison Schedule
Highway User Debt Service Fund
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)

Budgeted Amounts
Original
Budgetary fund balance, July 1, 2009

$

RESOURCES (INFLOWS):
Add: Transfers in
Amounts available for appropriation
CHARGES TO APPROPRIATIONS (OUTFLOWS):
Current:
Miscellaneous
Debt service:
Principal
Interest
Total charges to appropriations
Budgetary fund balance, June 30, 2010

Actual
Amounts
(budgetary basis)

Final
-

$

-

$

54

Variance with
Final Budget
Positive
(Negative)
$

54

3,709
3,709

3,709
3,709

4,653
4,707

944
998

10

10

8

2

2,936
763
3,709

3,730
969
4,709

3,730
969
4,707

2

$

-

$

(1,000)

$

Explanation of differences between budgetary inflows and outflows and GAAP revenues and expenditures
Sources/inflows of resources:
Actual amounts (budgetary basis) "available for appropriation" from the budgetary comparison schedule.
Differences - budget to GAAP:
The fund balance at the beginning of the year is a budgetary resource but is not a current year revenue
for financial reporting purposes.
Less: Transfers in.
Total revenues as reported in the combining statement of revenues, expenditures, and changes in fund
balances - governmental funds.
Uses/outflows or resources:
Actual amounts (budgetary basis) "total charges to appropriations" from the budgetary comparison schedule.
Differences - budget to GAAP:
Arbitrage rebate.
Total expenditures as reported in the combining statement of revenues, expenditures, and changes in fund
balances - governmental funds.

96

-

$

1,000

$

4,707

(54)
(4,653)
$

-

$

4,707
(5)

$

4,702

City of Glendale, Arizona
Budgetary Comparison Schedule
Municipal Property Corporation Debt Service Fund
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)

Budgeted Amounts
Original
Budgetary fund balance, July 1, 2009

$

RESOURCES (INFLOWS):
Charges for services
Miscellaneous revenues
Total revenues
Add: Transfers in
Amounts available for appropriation
CHARGES TO APPROPRIATIONS (OUTFLOWS):
Current:
Miscellaneous
Debt service:
Principal
Interest
Total charges to appropriations
Budgetary fund balance, June 30, 2010

$

2,307

Actual
Amounts
(budgetary basis)

Final
$

2,307

$

(10)

1,200
1,200
19,329
22,836

1,200
1,200
19,329
22,836

1,610
79
1,689
18,737
20,416

30

30

25

5,550
14,947
20,527

5,550
14,947
20,527

5,600
14,801
20,426

2,309

$

2,309

$

Explanation of differences between budgetary inflows and outflows and GAAP revenues and expenditures
Sources/inflows of resources:
Actual amounts (budgetary basis) "available for appropriations" from the budgetary comparison schedule.
Differences - budget to GAAP:
The fund balance at the beginning of the year is a budgetary resource but is not a current year revenue
for financial reporting purposes.
Less: Transfers in.
Total revenues as reported in the combining statement of revenues, expenditures, and changes in fund
balances - governmental funds.
Uses/outflows or resources:
Actual amounts (budgetary basis) "total charges to appropriations" from the budgetary comparison schedule.
Differences - budget to GAAP:
Arbitrage rebate.
Total expenditures as reported in the combining statement of revenues, expenditures, and changes in fund
balances - governmental funds.

97

(10)

Variance with
Final Budget
Positive
(Negative)
$

(2,317)

1,610
(1,121)
489
(592)
(2,420)

5
(50)
146
101
$

(2,319)

$

20,416

10
(18,737)
$

1,689

$

20,426
9

$

20,435

City of Glendale, Arizona
Budgetary Comparison Schedule
Transportation Debt Service Fund
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)

Budgeted Amounts
Original
Budgetary fund balance, July 1, 2009

$

RESOURCES (INFLOWS):
Add: Transfers in
Amounts available for appropriation
CHARGES TO APPROPRIATIONS (OUTFLOWS):
Miscellaneous
Debt service:
Principal
Interest
Total charges to appropriations
Budgetary fund balance, June 30, 2010

Actual
Amounts
(budgetary basis)

Final
-

$

-

$

-

7,330
7,330

7,330
7,330

7,333
7,333

-

-

3

2,675
4,655
7,330

2,678
4,655
7,333

2,675
4,655
7,333

$

-

$

(3)

$

Explanation of differences between budgetary inflows and outflows and GAAP revenues and expenditures
Sources/inflows of resources:
Actual amounts (budgetary basis) "available for appropriation" from the budgetary comparison schedule.
Differences - budget to GAAP:
Less: Transfers in.
Total revenues as reported in the combining statement of revenues, expenditures, and changes in fund
balances - governmental funds.
Uses/outflows or resources:
Actual amounts (budgetary basis) "total charges to appropriations" from the budgetary comparison schedule.
Total expenditures as reported in the combining statement of revenues, expenditures, and changes in fund
balances - governmental funds.

98

-

Variance with
Final Budget
Positive
(Negative)
$

-

3
3

(3)
3
$

3

$

7,333
(7,333)

$

-

$

7,333

$

7,333

City of Glendale, Arizona
Budgetary Comparison Schedule
Streets Construction Fund
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)
Variance with
Budgeted Amounts
Original
Budgetary fund balance, July 1, 2009

$

Actual

Final

5,573

$

5,573

$

Final Budget

Amounts

Positive

(budgetary basis)

(Negative)

5,127

$

(446)

RESOURCES (INFLOWS):
Investments

43

43

34

-

-

183
217

Miscellaneous
Total revenues

43

43

Less: Transfers out

(14)

(14)

Amounts available for appropriation

(9)
183
174

-

(4,251)
(258)

5,602

5,602

5,344

736

1,153

1

20

85

-

85

4,846

4,286

578

3,708

5,602

5,524

579

4,945

CHARGES TO APPROPRIATIONS (OUTFLOWS):
Current:
Community services
Street maintenance
Capital outlay
Total charges to appropriations
Budgetary fund balance, June 30, 2010

$

-

$

78

$

4,765

2,493

$

4,687

$

5,344

Explanation of differences between budgetary inflows and outflows and GAAP revenues and expenditures
Sources/inflows of resources:
Actual amounts (budgetary basis) "available for appropriations" from the budgetary comparison schedule.
Differences - budget to GAAP:
The fund balance at the beginning of the year is a budgetary resource but is not a current year revenue
for financial reporting purposes.

(5,127)

Market adjustment on restricted investments not available for appropriation.

(20)

Total revenues as reported on the statement of revenues, expenditures, and changes in fund balances governmental funds.

$

197

$

579

$

579

Uses/outflows or resources:
Actual amounts (budgetary basis) "total charges to appropriations" from the budgetary comparison schedule.
Total expenditures as reported in the statement of revenues, expenditures, and changes in fund
balances - governmental funds.

99

City of Glendale, Arizona
Budgetary Comparison Schedule
Fire and Police Construction Fund
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)
Variance with
Budgeted Amounts
Original
Budgetary fund balance, July 1, 2009

$

Actual
Final

(985)

$

(985)

Final Budget

Amounts

Positive

(budgetary basis)

(Negative)

$

(3,226)

$

(2,241)

RESOURCES (INFLOWS):
Intergovernmental revenue

-

-

41

41

12,300

12,300

12,300

-

-

-

3

3

Investments
Long-term debt issued
Premium on long-term debt issued
Miscellaneous
Total revenues
Amounts available for appropriation

262

262

(15)

(56)

935

935

9

(926)

13,276

13,276

12,559

(717)

12,291

12,291

9,333

(2,958)

CHARGES TO APPROPRIATIONS (OUTFLOWS):
-

-

221

Public safety

General administration

1,665

1,667

176

1,491

Capital outlay

8,472

10,626

10,894

2,422

Principal

-

-

348

Interest

-

-

6

12,291

12,561

3,173

Total charges to appropriations
Budgetary fund balance, June 30, 2010

$

-

$

(270)

$

6,160

(221)

(348)
(6)
9,388
$

(6,430)

$

9,333

Explanation of differences between budgetary inflows and outflows and GAAP revenues and expenditures
Sources/inflows of resources:
Actual amounts (budgetary basis) "available for appropriations" from the budgetary comparison schedule.
Differences - budget to GAAP:
The fund balance at the beginning of the year is a budgetary resource but is not a current year revenue
for financial reporting purposes.

3,226

Long-term debt issued.

(12,300)

Premium on long-term debt issued.

(3)

Market adjustment on restricted investments not available for appropriation.

33

Total revenues as reported in the combining statement of revenues, expenditures, and changes in fund
balances - governmental funds.

$

289

$

3,173

$

3,173

Uses/outflows or resources:
Actual amounts (budgetary basis) "total charges to appropriations" from the budgetary comparison schedule.
Total expenditures as reported in the combining statement of revenues, expenditures, and changes in fund
balances - governmental funds.

100

City of Glendale, Arizona
Budgetary Comparison Schedule
Parks Bond Construction Fund
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)
Variance with
Budgeted Amounts
Original
Budgetary fund balance, July 1, 2009

$

Actual

Final

4,623

$

4,623

Final Budget

Amounts

Positive

(budgetary basis)

(Negative)

$

3,297

$

(1,326)

RESOURCES (INFLOWS):
Investments

34

34

(5)

Miscellaneous

45

45

3

2,810

2,810

8,965

Long-term debt issued
Premium on long-term debt issued
Total revenues

(42)
6,155

-

-

2

2

2,889

2,889

8,965

6,076

Less: Transfers out
Amounts available for appropriation

(39)

-

-

7,512

7,512

12,227

(35)

4,715

(35)

776

776

162

614

-

-

13

6,736

12,016

8,510

3,506

7,512

12,792

8,685

4,107

CHARGES TO APPROPRIATIONS (OUTFLOWS):
Current:
General administration
Public works
Capital outlay
Total charges to appropriations
Budgetary fund balance, June 30, 2010

$

-

$

(5,280)

$

3,542

(13)

$

8,822

$

12,227

Explanation of differences between budgetary inflows and outflows and GAAP revenues and expenditures
Sources/inflows of resources:
Actual amounts (budgetary basis) "available for appropriation" from the budgetary comparison schedule.
Differences - budget to GAAP:
The fund balance at the beginning of the year is a budgetary resource but is not a current year revenue
for financial reporting purposes.

(3,297)

Long-term debt issued.

(8,965)

Premium on long-term debt issued.

(2)

Market adjustment on restricted investments not available for appropriation.

7

Add: Transfers out.

35

Total revenues as reported in the combining statement of revenues, expenditures, and changes in fund
balances - governmental funds.

$

5

$

8,685

$

8,685

Uses/outflows or resources:
Actual amounts (budgetary basis) "total charges to appropriations" from the budgetary comparison schedule.
Total expenditures as reported in the combining statement of revenues, expenditures, and changes in fund
balances - governmental funds.

101

City of Glendale, Arizona
Budgetary Comparison Schedule
Other Construction Fund
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)
Variance with
Budgeted Amounts
Original
Budgetary fund balance, July 1, 2009

$

Actual
Final

16,491

$

16,491

Final Budget

Amounts

Positive

(budgetary basis)

(Negative)

$

8,291

$

(8,200)

RESOURCES (INFLOWS):
Intergovernmental

127

127

Investments

136

136

20,800

20,800

20,385

-

-

7,539

Long-term debt issued
Miscellaneous
Premium on long-term debt issued
Total revenues
Less: Transfers out

229

(3)

(139)
(415)
7,539

-

-

5

5

21,063

21,063

28,282

7,219

(120)

Amounts available for appropriation

356

(120)

37,434

(949)

37,434

35,624

-

38

367

3,614

3,937

36

(829)
(1,810)

CHARGES TO APPROPRIATIONS (OUTFLOWS):
Current:
General administration
Community services
Public Works

(329)
3,901

3

27

13

14

33,817

34,463

15,478

18,985

Principal

-

-

210

Interest

-

-

7

37,434

38,465

16,111

Capital outlay

Total charges to appropriations
Budgetary fund balance, June 30, 2010

$

-

$

(1,031)

$

19,513

(210)
(7)
22,354
$

20,544

$

35,624

Explanation of differences between budgetary inflows and outflows and GAAP revenues and expenditures
Sources/inflows of resources:
Actual amounts (budgetary basis) "available for appropriation" from the budgetary comparison schedule.
Differences - budget to GAAP:
The fund balance at the beginning of the year is a budgetary resource but is not a current year revenue
for financial reporting purposes.

(8,291)

Market adjustment on restricted investments not available for appropriation.

45

Long-term debt issued.

(20,385)

Premium on long-term debt issued.

(5)

Add: Transfers out.

949

Total revenues as reported in the combining statement of revenues, expenditures, and changes in fund
balances - governmental funds.

$

7,937

$

16,111

$

16,111

Uses/outflows or resources:
Actual amounts (budgetary basis) "total charges to appropriations" from the budgetary comparison schedule.
Total expenditures as reported in the combining statement of revenues, expenditures, and changes in fund
balances - governmental funds.

102

City of Glendale, Arizona
Budgetary Comparison Schedule
Cemetery Perpetual Care Fund
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)

Budgeted Amounts
Original
Budgetary fund balance, July 1, 2009

$

Actual
Amounts
(budgetary basis)

Final

5,540

$

5,540

$

5,519

RESOURCES (INFLOWS):
Investments
Total revenues
Amounts available for appropriation

110
110
5,650

110
110
5,650

36
36
5,555

CHARGES TO APPROPRIATIONS (OUTFLOWS):
Current:
Public works
Total charges to appropriations

5,650
5,650

5,650
5,650

-

Budgetary fund balance, June 30, 2010

$

-

$

-

$

Explanation of differences between budgetary inflows and outflows and GAAP revenues and expenditures
Sources/inflows of resources:
Actual amounts (budgetary basis) "available for appropriations" from the budgetary comparison schedule.
Differences - budget to GAAP:
The fund balance at the beginning of the year is a budgetary resource but is not a current year revenue
for financial reporting purposes.
Total revenues as reported in the combining statement of revenues, expenditures, and changes in fund
balances - governmental funds.

103

5,555

Variance with
Final Budget
Positive
(Negative)
$

(21)

(74)
(74)
(95)

5,650
5,650
$

5,555

$

5,555

(5,519)
$

36

This page left blank intentionally.

104

NON-MAJOR PROPRIETARY FUNDS – BUSINESS-TYPE ACTIVITIES

Proprietary funds are used to account for City operations that are run like a business. These funds are
responsible for providing enough operational revenue to cover all expenses.
Landfill
This fund accounts for the operation of the City owned landfill and recycling operations.
Fees charged for the use of the landfill are used to maintain and improve the landfill
operations as well as fund future closure costs.
Sanitation
This fund accounts for the City’s trash collection services including curb, roll-off, bulk,
and front-load services to individuals and businesses. Revenues collected are used to
keep the City free of garbage.
Housing
This fund accounts for operations to provide affordable housing to those who cannot
afford it in the private market. This is done through administration of Federal Section 8
Housing Choice and Conventional Public Housing programs.

105

City of Glendale, Arizona
Combining Statement of Net Assets
Non-Major Proprietary Funds - Business-Type Activities
June 30, 2010
(amounts expressed in thousands)

Landfill
ASSETS
Current assets:
Equity in pooled cash and investments
Receivables:
Accounts
Allowance for uncollectibles
Due from other funds
Intergovernmental receivable
Inventories and prepaid items
Total current assets

$

4,413

$

403
(2)
959
5,773

Noncurrent assets:
Restricted cash and investments
Capital assets:
Capital assets
Accumulated depreciation
Capital assets, net
Total noncurrent assets
Total assets
LIABILITIES
Current liabilities:
Vouchers payable
Accounts payable
Compensated absences
Due to other funds
Deposits
Unearned rent
Current portion of long-term debt:
Capital lease payable
Interest payable
Total current liabilities
Noncurrent liabilities:
Compensated absences
OPEB long-term obligations
Other long-term debt
Capital lease obligations
Estimated closure and post-closure costs
Total noncurrent liabilities
Total liabilities
NET ASSETS
Invested in capital assets, net of related debt
Restricted for:
Other purposes
Unrestricted
Total net assets

Sanitation

$

3,249

Housing

$

1,939
(197)
4,991

21,000

1,000

22,475
(10,020)
12,455
33,455
39,228

12,194
(5,785)
6,409
7,409
12,400

2,301

Total

$

7
208
10
2,526

9,963
2,349
(199)
959
208
10
13,290

43

22,043

13,427
(7,158)
6,269
6,312
8,838

48,096
(22,963)
25,133
47,176
60,466

298
28
290
212
-

194
347
959
112
-

48
24
7
37
22

492
76
661
966
361
22

828

441
6
2,059

138

441
6
3,025

71
529
13,813
14,413
15,241

101
1,086
151
1,338
3,397

218
290
43
551
689

390
1,905
43
151
13,813
16,302
19,327

12,455

5,817

6,269

24,541

11,532
23,987

3,186
9,003

1,880
8,149

1,880
14,718
41,139

$

106

$

$

City of Glendale, Arizona
Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets
Non-Major Proprietary Funds - Business-Type Activities
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)
Business-Type Activities
Enterprise Funds
Landfill
Operating revenues:
Intergovernmental
Container service
Curb service
Landfill user fees
Recycling sales
Other fees
Total operating revenues

$

Operating expenses:
Landfill
Housing
Closure/post-closure care adjustment
Sanitation
Depreciation
Total operating expenses
Operating income (loss)

4,950
1,915
103
6,968

$

5,871
1,532
828
8,231
(1,263)

Nonoperating revenues (expenses):
Impact fees
Investment income
Interest expense
Gain (loss) on disposal of assets
OPEB expense
Total nonoperating revenue (expenses)

Transfers in
Transfers out
Change in net assets

$

$

9,332
4,870
14,202

Total
$

13,655
413
14,068
134

4
13
(50)
171
(360)
(222)

(1,267)

Capital contributions

4,510
10,534
15,044

Housing

12,323
1,260
13,583
1,461

19
176
(25)
(174)
(4)

Income (loss) before contributions and transfers

Total net assets - beginning
Total net assets - ending

Sanitation

9,332
4,510
10,534
4,950
1,915
4,973
36,214

5,871
13,655
1,532
12,323
2,501
35,882
332

(102)
(102)

23
189
(50)
146
(636)
(328)

1,239

32

4

-

-

347

347

(7)

-

561
-

561
(7)

(1,274)

1,239

940

905

25,261
23,987

107

$

7,764
9,003

$

7,209
8,149

$

40,234
41,139

City of Glendale, Arizona
Combining Statement of Cash Flows
Non-Major Proprietary Funds - Business-Type Activities
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)
Landfill
Cash flows from operating activities:
Cash received from customers
Cash received from federal government
Cash paid to suppliers:
Internal city departments
External vendors
Cash paid to employees for services
Net cash provided (used) by operating activities

$

7,176
-

$

(1,199)
(2,972)
(2,415)
590

Cash flows from noncapital
financing activities:
Transfers in
Transfers out
Net cash provided by (used) noncapital
financing activities
Cash flows from capital and related
financing activities:
Principal payments on obligations
Acquisition of capital assets and rights
Impact fees
Interest payments on obligations
Capital grant proceeds
Net cash (used) capital and related
financing activities

$

(7,181)
(1,328)
(4,236)
2,246

5,043
9,501

Total
$

(12,408)
(1,286)
850

27,210
9,501
(8,380)
(16,708)
(7,937)
3,686

-

561
-

561
(7)

(7)

-

561

554

(132)
(106)
19
(3)
-

(488)
(2,915)
4
(54)
-

(450)
347

(620)
(3,471)
23
(57)
347

(222)

(3,453)

(103)

(3,778)

176
176

Net increase (decrease) in cash and cash
equivalents during fiscal year

537

$

14,991
-

Housing

(7)

Cash flows from investing activities:
Proceeds from sale of investments
Interest received from investments
Net cash provided by investing activities

Cash and cash equivalents, July 1
Cash and cash equivalents, June 30

Sanitation

24,876
25,413

108

13
13

(1,194)

$

5,443
4,249

$

1
1

1
189
190

1,309

652

1,035
2,344

$

31,354
32,006

Landfill
Reconciliation of operating income (loss)
to net cash provided (used) by
operating activities:
Operating income (loss)
Adjustments to reconcile operating
income (loss) to net cash provided (used)
by operations:
Depreciation
Changes in assets and liabilities:
Accounts receivable
Intergovernmental receivable
Inventories and prepaid items
Vouchers payable
Due to other funds
Deposits
Unearned rent
Compensated absences
Estimated closure and post-closure
costs
Net cash provided by (used) operating activities

Reconciliation of statement of net assets
cash and investments to the
statement of cash flows:
Per combined statement of net assets:
Equity in pooled cash and investments
Restricted cash and investments
Total cash and cash equivalents

Noncash investing, capital,
and financing activities:
Estimated closure and post-closure
costs

$

(1,263)

Sanitation

$

828

$

1,532
590

$

4,413
21,000
25,413

$

1,532

109

$

1,260

(82)
231
(747)
59
32

$

1,461

Housing

$

2,246

$

3,249
1,000
4,249

$

-

134

$

413

(53)
2
(252)
(231)
59

$

Total

2,501

166
169
(5)
4
(70)
(1)
14
26

$

$

850

332

31
400
(3)
(995)
(301)
58
14
117

$

$

1,532
3,686

$

2,301
43
2,344

$

9,963
22,043
32,006

$

-

$

1,532

City of Glendale, Arizona
Budgetary Comparison Schedule
Water and Sewer Fund
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)

Budgeted Amounts
Original
Budgetary fund balance, July 1, 2009

$

RESOURCES (INFLOWS):
Charges for services:
Metered water sales
Sewer service charges
Impact fees
Other fees
Investments
Miscellaneous
Proceeds from bonds sold
Proceeds from loan
Proceeds from equipment disposal
Total revenues
Less: Transfers out
Amounts available for appropriation
CHARGES TO APPROPRIATIONS (OUTFLOWS):
Current:
General administration
Public works:
Water
Sewer
Contingencies
Capital outlay
Debt service:
Principal
Interest
Total charges to appropriations
Budgetary fund balance, June 30, 2010

$

131,191

Final
$

131,191

Actual
Amounts
(budgetary basis)
$

62,259

Variance with
Final Budget
Positive
(Negative)
$

(68,932)

42,413
29,484
3,283
1,155
507
339
40,500
39
117,720
(397)
248,514

42,413
29,484
3,283
1,155
507
339
40,500
39
117,720
(166)
248,745

41,241
29,092
940
1,763
410
3,272
3,232
53
80,003
(168)
142,094

11,186

13,168

12,670

498

21,854
15,194
10,000
109,308

61,237
17,636
10,000
58,387

18,316
12,111
26,396

42,921
5,525
10,000
31,991

11,206
13,706
192,454

11,206
13,706
185,340

11,206
13,619
94,318

87
91,022

56,060

110

$

63,405

$

47,776

(1,172)
(392)
(2,343)
608
(97)
2,933
(40,500)
3,232
14
(37,717)
(2)
(106,651)

$

(15,629)

Explanation of differences between budgetary inflows and outflows and GAAP revenues and expenditures
Sources/inflows of resources:
Actual amounts (budgetary basis) "available for appropriation" from the budgetary comparison schedule.
Differences - budget to GAAP:
The fund balance at the beginning of the year is a budgetary resource but is not a current year revenue
for financial reporting purposes.
Capital outlay contributed by developers
Interest earned on restricted assets not available for appropriation.
Market adjustment on restricted investments not available for appropriation.
Revenues offset directly by bad debt expense on budgetary basis.
Loan proceeds.
Proceeds from equipment disposals.
Gain on disposal of assets.
Internal staff and administrative charges reported as revenue only on budgetary basis.
Capital asset transfer to general fund
Add: Transfers out.
Total revenues as reported on the statement of revenues, expenses, and changes in fund
net assets excluding capital contributions.
Uses/outflows or resources:
Actual amounts (budgetary basis) "total charges to appropriations" from the budgetary comparison schedule.
Differences - budget to GAAP:
Bad debt expense.
Amortization of capitalized bond issuance expense.
Capital outlay expenditure.
Change in compensated absences liability.
Change in prepaid assets or inventory.
Amortization and depreciation expense.
Bond issuance costs.
Principal payments on long-term obligations.
OPEB expense.
Interest expense.
Internal staff and administrative charges reported as revenue only on budgetary basis.
Change in accrued payroll.
Total expenditures as reported in the statement of revenues, expenses, and changes in fund
net assets, excluding loss from joint venture.

111

$

142,094

(62,259)
(7)
(103)
547
(3,232)
(53)
41
(168)
(16)
184
$

77,028

$

94,318
547
164
(26,396)
240
2
19,406
4
(11,206)
1,044
(699)
(168)
(89)

$

77,167

City of Glendale, Arizona
Budgetary Comparison Schedule
Landfill Fund
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)
Budgeted Amounts
Original
Budgetary fund balance, July 1, 2009

$

25,310

Final
$

25,310

Actual
Amounts
(budgetary basis)
$

25,191

RESOURCES (INFLOWS):
Charges for services:
Landfill user fees
Recycling fees
Other fees
Proceeds from equipment disposal
Proceeds from loan
Investments
Impact fees
Total revenues
Less: Transfers out
Amounts available for appropriation

6,166
1,300
95
1
511
55
8,128
33,438

6,166
1,300
95
1
511
55
8,128
33,438

5,277
1,915
103
20
231
176
19
7,741
(7)
32,925

CHARGES TO APPROPRIATIONS (OUTFLOWS):
Current:
Contingencies
Landfill
Capital outlay
Total charges to appropriations

2,000
6,883
7,461
16,344

2,000
8,182
6,908
17,090

6,180
126
6,306

Budgetary fund balance, June 30, 2010

$

17,094

$

16,348

$

Explanation of differences between budgetary inflows and outflows and GAAP revenues and expenses
Sources/inflows of resources:
Actual amounts (budgetary basis) "available for appropriation" from the budgetary comparison schedule.
Differences - budget to GAAP:
The fund balance at the beginning of the year is a budgetary resource but is not a current year revenue
for financial reporting purposes.
Internal staff and administrative charges reported as revenue only on budgetary basis.
Proceeds from disposal of capital assets.
Proceeds from loan
Add: Transfers out.
Total revenues as reported in the combining statement of revenues, expenses, and changes in fund
net assets.
Uses/outflows or resources:
Actual amounts (budgetary basis) "total charges to appropriations" from the budgetary comparison schedule.
Differences - budget to GAAP:
Capital outlay expenditures.
Change in compensated absences liability.
Change in estimated landfill post-closure liability.
Depreciation expense.
OPEB expense.
Accrued payroll.
Internal staff and administrative charges reported as revenue only on budgetary basis.
Loss on disposal of assets.
Total expenses as reported in the combining statement of revenues, expenses, and changes in fund
net assets.

112

26,619

Variance with
Final Budget
Positive
(Negative)
$

(119)

(889)
615
8
19
231
(335)
(36)
(387)
(7)
(513)

2,000
2,002
6,782
10,784
$

10,271

$

32,925

(25,191)
(327)
(20)
(231)
7
$

7,163

$

6,306
(126)
32
1,532
828
174
(14)
(327)
25

$

8,430

City of Glendale, Arizona
Budgetary Comparison Schedule
Sanitation Fund
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)
Budgeted Amounts
Original
Budgetary fund balance, July 1, 2009

$

RESOURCES (INFLOWS):
Charges for services:
Container service
Curb service
Impact fees
Recycle sales
Investments
Capital lease proceeds
Proceeds from equipment disposal
Total revenues
Amounts available for appropriation
CHARGES TO APPROPRIATIONS (OUTFLOWS):
Current:
Sanitation
Capital outlay
Debt service:
Principal
Interest
Total charges to appropriations
Budgetary fund balance, June 30, 2010

$

6,026

Final
$

6,026

Actual
Amounts
(budgetary basis)
$

5,787

Variance with
Final Budget
Positive
(Negative)
$

(239)

4,773
10,372
7
1
71
1,084
15
16,323
22,349

4,773
10,372
7
1
71
1,084
15
16,323
22,349

4,557
10,343
4
13
1,189
173
16,279
22,066

14,189
3,925

14,189
3,925

12,101
3,087

2,088
838

719
54
18,887

719
54
18,887

719
54
15,961

2,926

3,462

$

3,462

$

Explanation of differences between budgetary inflows and outflows and GAAP revenues and expenses
Sources/inflows of resources:
Actual amounts (budgetary basis) "available for appropriation" from the budgetary comparison schedule.
Differences - budget to GAAP:
The fund balance at the beginning of the year is a budgetary resource but is not a current year revenue
for financial reporting purposes.
Internal staff and administrative charges reported as revenue only on budgetary basis.
Revenues offset directly by bad debt expense on budgetary basis.
Proceeds from disposal of capital assets.
Gain on disposal of assets.
Capital lease proceeds.
Total revenues as reported in the combining statement of revenues, expenses, and changes in fund
net assets.
Uses/outflows or resources:
Actual amounts (budgetary basis) "total charges to appropriations" from the budgetary comparison schedule.
Differences - budget to GAAP:
Bad debt expense.
Capital outlay.
Change in compensated absences liability.
Depreciation expense.
Interest expense.
OPEB expense.
Principal payments on long-term obligations.
Accrued payroll.
Internal staff and administrative charges reported as revenue only on budgetary basis.
Total expenses as reported in the combining statement of revenues, expenses, and changes in fund
net assets.

113

6,105

(216)
(29)
(3)
(1)
(58)
105
158
(44)
(283)

$

2,643

$

22,066

(5,787)
(47)
191
(173)
171
(1,189)
$

15,232

$

15,961
191
(3,087)
59
1,260
(4)
360
(719)
19
(47)

$

13,993

City of Glendale, Arizona
Budgetary Comparison Schedule
Housing Fund
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)

Budgeted Amounts
Original
Budgetary fund balance, July 1, 2009

$

RESOURCES (INFLOWS):
Intergovernmental
Miscellaneous
Total revenues
Add: Transfers in
Amounts available for appropriation
CHARGES TO APPROPRIATIONS (OUTFLOWS):
Current:
Housing
Capital outlay
Total charges to appropriations
Budgetary fund balance, June 30, 2010

$

606

Final
$

606

Actual
Amounts
(budgetary basis)
$

2,268

Variance with
Final Budget
Positive
(Negative)
$

1,662

8,936
8,936
561
10,103

8,936
8,936
561
10,103

9,679
4,870
14,549
561
17,378

743
4,870
5,613
7,275

8,113
253
8,366

8,184
252
8,436

13,655
950
14,605

(5,471)
(698)
(6,169)

1,737

$

1,667

$

Explanation of differences between budgetary inflows and outflows and GAAP revenues and expenses
Sources/inflows of resources:
Actual amounts (budgetary basis) "available for appropriation" from the budgetary comparison schedule.
Differences - budget to GAAP:
The fund balance at the beginning of the year is a budgetary resource but is not a current year revenue
for financial reporting purposes.
Less: Transfers in.
Total revenues as reported in the combining statement of revenues, expenses, and changes in fund
net assets.
Uses/outflows or resources:
Actual amounts (budgetary basis) "total charges to appropriations" from the budgetary comparison schedule.
Differences - budget to GAAP:
Depreciation expense.
Capital outlay.
OPEB expense.
Total expenses as reported in the combining statement of revenues, expenses, and changes in fund
net assets.

114

2,773

$

1,106

$

17,378

(2,268)
(561)
$

14,549

$

14,605
413
(950)
102

$

14,170

City of Glendale, Arizona
COMPREHENSIVE ANNUAL FINANCIAL REPORT
_________________________________________________________

INTERNAL
SERVICE
FUNDS

___________________________ FOR THE FISCAL YEAR ENDED JUNE 30, 2010

This page left blank intentionally.

City of Glendale, Arizona
Combining Statement of Net Assets
Internal Service Funds
June 30, 2010
(amounts expressed in thousands)
Risk
Management
ASSETS
Current assets:
Equity in pooled
cash and investments
Accounts receivable, net
Inventories and prepaid items
Total current assets

$

Noncurrent assets:
Restricted cash and investments

4,857
69
4,926

Workers'
Compensation

$

1,669
1,669

Employee
Benefits

$

4,106
1
4,107

Total

$

10,632
1
69
10,702

-

180

1,425

1,605

4,926

1,849

5,532

12,307

LIABILITIES
Current liabilities:
Vouchers payable
Estimated claims payable
Total current liabilities

76
1,668
1,744

144
730
874

1,734
2,797
4,531

1,954
5,195
7,149

Noncurrent liabilities:
Estimated claims payable
Total noncurrent liabilities
Total liabilities

841
841
2,585

1,127
1,127
2,001

4,531

1,968
1,968
9,117

NET ASSETS
Unrestricted

2,341

1,001

3,190

Total assets

Total net assets

$

(152)

2,341

$

115

(152)

$

1,001

$

3,190

City of Glendale, Arizona
Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets
Internal Service Funds
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)
Risk
Management
Operating revenues:
Self-insurance premiums
Other
Total operating revenues

$

Operating expenses:
Insurance claims and premiums

$

1,761

Operating income (loss)

756

Nonoperating revenues:
Investment income

47

Income (loss) before transfers
Operating transfers out

Change in net assets
Net assets - beginning
Net assets - ending

2,489
28
2,517

Workers'
Compensation

$

28
28

Employee
Benefits
$

22,757
246
23,003

Total
$

25,246
302
25,548

1,377

24,799

27,937

(1,349)

(1,796)

(2,389)

15

32

94

803

(1,334)

(1,764)

3,246

-

-

(2,443)

(1,334)

(1,764)

(5,541)

4,784
2,341

1,182
(152)

2,765
1,001

8,731
3,190

116

$

$

(2,295)
3,246

$

City of Glendale, Arizona
Combining Statement of Cash Flows
Internal Service Funds
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)

Cash flows from operating activities:
Cash received from customers
Cash paid for insurance and in settlement
of claims

Risk
Management

Workers'
Compensation

$

$

(2,499)

Net cash provided by (used for)
operating activities

(3,246)

Cash flows from investing activities:
Interest received

47

Net increase (decrease) in cash during fiscal year

Reconciliation of operating income (loss)
to net cash provided by (used for)
operating activities:
Operating income (loss)
Adjustments to reconcile operating
income (loss) to net cash provided by
(used for) operations:
Change in accounts receivable
Change in inventories and
prepaid items
Change in vouchers payable
Change in claims payable
Net cash provided by (used for)
operating activities
Reconciliation of statement of net assets
cash and investments to the
statement of cash flows:
Per combined statement of net assets:
Equity in pooled cash and investments
Restricted cash and investments
Total cash and cash equivalents

28

$

(1,181)

18

Cash flows from noncapital
financing activities:
Operating transfers in (out)

Cash and cash equivalents, July 1
Cash and cash equivalents, June 30

2,517

Employee
Benefits

(3,181)

Total

23,020

$

(22,902)

25,565
(26,582)

(1,153)

118

(1,017)

-

-

(3,246)

15

32

(1,138)

94

150

(4,169)

$

8,038
4,857

$

2,987
1,849

$

5,381
5,531

$

16,406
12,237

$

756

$

(1,349)

$

(1,796)

$

(2,389)

(7)
69
(800)

-

17

68
128

53
1,844

17
(7)
190
1,172

$

18

$

(1,153)

$

118

$

(1,017)

$

4,857
4,857

$

1,669
180
1,849

$

4,106
1,425
5,531

$

10,632
1,605
12,237

$

117

$

$

$

City of Glendale, Arizona
Budgetary Comparison Schedule
Risk Management Fund
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)

Budgeted Amounts
Original
Budgetary fund balance, July 1, 2009

$

6,791

Final
$

6,791

Actual
Amounts
(budgetary basis)
$

8,032

Variance with
Final Budget
Positive
(Negative)
$

1,241

RESOURCES (INFLOWS):
Self-insurance premiums
Investments
Other
Total revenues
Less: Transfers out
Amounts available for appropriation

2,489
150
2,639
9,430

2,489
150
2,639
9,430

2,489
47
28
2,564
(3,246)
7,350

(103)
28
(75)
(3,246)
(2,080)

CHARGES TO APPROPRIATIONS (OUTFLOWS):
Current:
Insurance and claims
Total charges to appropriations

5,760
5,760

5,760
5,760

2,569
2,569

3,191
3,191

Budgetary fund balance, June 30, 2010

$

3,670

$

3,670

$

Explanation of differences between budgetary inflows and outflows and GAAP revenues and expenses
Sources/inflows of resources:
Actual amounts (budgetary basis) "available for appropriation" from the budgetary comparison schedule.
Differences - budget to GAAP:
The fund balance at the beginning of the year is a budgetary resource but is not a current year revenue
for financial reporting purposes.
Add: Transfers out.
Total revenues as reported on the combining statement of revenues, expenses, and changes in fund
net assets.

Uses/outflows or resources:
Actual amounts (budgetary basis) "total charges to appropriations" from the budgetary comparison schedule.
Differences - budget to GAAP:
Change in estimated claims payable and prepaids.
Total expenses as reported in the combining statement of revenues, expenses, and changes in fund
net assets.

118

4,781

$

1,111

$

7,350

(8,032)
3,246
$

2,564

$

2,569
(808)

$

1,761

City of Glendale, Arizona
Budgetary Comparison Schedule
Workers' Compensation Fund
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)

Budgeted Amounts
Original
Budgetary fund balance, July 1, 2009

$

2,892

Final
$

2,892

Actual
Amounts
(budgetary basis)
$

2,881

RESOURCES (INFLOWS):
Self-insurance premiums
Investments
Other
Total revenues
Amounts available for appropriation

986
57
1,043
3,935

986
57
1,043
3,935

15
28
43
2,924

CHARGES TO APPROPRIATIONS (OUTFLOWS):
Current:
Insurance and claims
Total charges to appropriations

1,407
1,407

1,407
1,407

1,249
1,249

Budgetary fund balance, June 30, 2010

$

2,528

$

2,528

$

Explanation of differences between budgetary inflows and outflows and GAAP revenues and expenses
Sources/inflows of resources:
Actual amounts (budgetary basis) "available for appropriation" from the budgetary comparison schedule.
Differences - budget to GAAP:
The fund balance at the beginning of the year is a budgetary resource but is not a current year revenue
for financial reporting purposes.
Total revenues as reported in the combining statement of revenues, expenses, and changes in fund
net assets.
Uses/outflows or resources:
Actual amounts (budgetary basis) "total charges to appropriations" from the budgetary comparison schedule.
Differences - budget to GAAP:
Change in estimated claims payable.
Total expenses as reported in the combining statement of revenues, expenses, and changes in fund
net assets.

119

1,675

Variance with
Final Budget
Positive
(Negative)
$

(11)

(986)
(42)
28
(1,000)
(1,011)

158
158
$

$

(853)

2,924

(2,881)
$

43

$

1,249
128

$

1,377

City of Glendale, Arizona
Budgetary Comparison Schedule
Employee Benefits Fund
For the Fiscal Year Ended June 30, 2010
(amounts expressed in thousands)

Budgeted Amounts
Original
Budgetary fund balance, July 1, 2009

$

5,003

Final
$

5,003

Actual
Amounts
(budgetary basis)
$

3,718

Variance with
Final Budget
Positive
(Negative)
$

(1,285)

RESOURCES (INFLOWS):
Self-insurance premiums
Investments
Other
Total revenues
Amounts available for appropriation

23,283
110
23,393
28,396

23,283
110
23,393
28,396

22,757
32
246
23,035
26,753

(526)
(78)
246
(604)
(1,643)

CHARGES TO APPROPRIATIONS (OUTFLOWS):
Current:
Insurance and claims
Total charges to appropriations

24,481
24,481

24,481
24,481

22,955
22,955

1,526
1,526

Budgetary fund balance, June 30, 2010

$

3,915

$

3,915

$

3,798

Explanation of differences between budgetary inflows and outflows and GAAP revenues and expenditures
Sources/inflows of resources:
Actual amounts (budgetary basis) "available for appropriations" from the budgetary comparison schedule.
Differences - budget to GAAP:
The fund balance at the beginning of the year is a budgetary resource but is not a current year revenue
for financial reporting purposes.
Total revenues as reported in the combining statement of revenues, expenses, and changes in fund
net assets.
Uses/outflows or resources:
Actual amounts (budgetary basis) "total charges to appropriations" from the budgetary comparison schedule.
Differences - budget to GAAP:
Change in estimated claims payable liability.
Total expenses as reported in the combining statement of revenues, expenses, and changes in fund
net assets.

120

$

$

(117)

26,753

(3,718)
$

23,035

$

22,955
1,844

$

24,799

City of Glendale, Arizona
COMPREHENSIVE ANNUAL FINANCIAL REPORT
_________________________________________________________

OTHER
SUPPLEMENTARY
INFORMATION

___________________________ FOR THE FISCAL YEAR ENDED JUNE 30, 2010

This page left blank intentionally.

City of Glendale, Arizona
Federal Financial Data Schedule (PHA: AZ003)
For the Fiscal Year Ended June 30, 2010
(rounded to nearest dollar)

1 of 6

The following is the schedule of Federal Financial Data as required by the United States Department of Housing and Urban
Development under the Uniform Financial Reporting Standards Rule implementing requirements of 24 CFR, Part 5, Subpart H.

Line
Item No.

111
112
113
114
115
100

Balance Sheet
Account Description
ASSETS:
Current assets:
Cash:
Cash - unrestricted
Cash - restricted - modernization and development
Cash - other restricted
Cash - tenant security deposits
Cash - restricted for payment of current liability
Total cash

AMPS

$

722,970
37,366
760,336

HCV

$

777,452
720,938
1,498,390

DVP

$

DHAP

24,536
24,536

$

Eliminations

18,025
18,025

121

121
122
124
125
126
126.1
126.2
127
128
128.1
129
120

Accounts receivables:
Accounts receivable - PHA projects
Accounts receivable - HUD other projects
Accounts receivable - other government
Accounts receivable - miscellaneous
Accounts receivable - tenants
Allowance for doubtful accounts - tenants
Allowance for doubtful accounts - other
Notes, loans, & mortgages receivable - current
Fraud recovery
Allowance for doubtful accounts - fraud
Accrued interest receivable
Total receivables, net of allowances for doubtful accounts

118,844
6,500
466
(202)
125,608

64,611
64,611

24,245
24,245

-

131
132
135
142
143
143.1
144
145
150

Current investments:
Investments - unrestricted
Investments - restricted
Investments - restricted for payment of current liability
Prepaid expenses and other assets
Inventories
Allowance for obsolete inventories
Inter program - due from
Assets held for sale
Total current assets

10,453
(523)
3,825
899,699

43,305
42,026
1,648,332

48,781

18,025

-

-

48,781

18,025

161
162
163
164
165
166
167
168
160
171
172
173
174
176
180
190

Non-current assets:
Capital assets:
Land
Buildings
Furniture, equipment & machinery - dwellings
Furniture, equipment & machinery - administration
Leasehold improvements
Accumulated depreciation
Construction in progress
Infrastructure
Total capital assets, net of accumulated depreciation
Notes, loans, & mortgages receivable - non-current
Notes, loans, & mortgages receivable - non-current - past due
Grants receivable - non-current
Other assets
Investment in joint venture
Total non-current assets
Total assets

135,533
9,314,186
479,375
178,682
2,233,891
(7,009,194)
832,680
6,165,153

$

6,165,153
7,064,852

149,998
102,908
(148,844)
104,062

$

104,062
1,752,394

$

$

$

Total

-

$

-

64,611
143,089
6,500
466
(202)
214,464

(45,851)

43,305
10,453
(523)
2,568,986

(45,851)

-

$

(45,851)

1,542,983
720,938
37,366
2,301,287

135,533
9,464,184
479,375
281,590
2,233,891
(7,158,038)
832,680
6,269,215

$

6,269,215
8,838,201
(continued)

City of Glendale, Arizona
Federal Financial Data Schedule (PHA: AZ003)
For the Fiscal Year Ended June 30, 2010
(rounded to nearest dollar)
Line
Item No.

(continued)

Balance Sheet
Account Description

122

311
312
313
321
322
324
325
331
332
333
341
342
343
344
345
346
347
348
310

LIABILITIES AND EQUITY/NET ASSETS:
LIABILITIES:
Current liabilities:
Bank Overdraft
Accounts payable <= 90 days
Accounts payable > 90 days past due
Accrued wage/payroll taxes payable
Accrued compensated absences - current portion
Accrued contingency liability
Accrued interest payable
Accounts payable - HUD PHA Programs
Accounts payable - PHA projects
Accounts payable - other government
Tenant security deposits
Deferred revenues
Total Current portion of L/T debt - capital pjts/mortgage rev bonds
Current portion of L/T debt - operating borrowings
Other current liabilities
Accrued liabilities - other
Inter program - due to
Loan liability - current
Total current liabilities

351
352
353
354
355
356
357
350
300

Noncurrent liabilities:
Total L/T debt, net of current- capital pjts/mortgage rev bonds
Long-term debt, net of current- operating borrowings
Noncurrent liabilities- other
Accrued compensated absences - noncurrent
Loan Liability - noncurrent
FASB 5 liabilities
Accrued pension and OPEB liability
Total noncurrent liabilities
Total liabilities

508.1
509.2
511.1
511.2
512.1
512.2
513
600

2 of 6

EQUITY/NET ASSETS:
Invested in capital assets, net of related debt
Fund balance reserved
Restricted net assets
Unreserved designated fund balance
Unrestricted net assets
Unreserved undesignated fund balance
Total equity/net assets
Total liabilities and equity/net assets

AMPS

$

$

34,017
14,694
37,366
4,347
90,424

HCV

$

20,252
9,571
15,157
3,825
48,805

DVP

$

35,243
35,243

DHAP

$

2,761
6,783
9,544

Eliminations

$

(45,851)
(45,851)

Total

$

54,269
24,265
37,366
22,265
138,165

132,248
173,817
306,065
396,489

43,305
86,141
115,878
245,324
294,129

35,243

9,544

(45,851)

43,305
218,389
289,695
551,389
689,554

6,165,153
503,210
6,668,363
7,064,852

104,062
720,938
633,265
1,458,265
1,752,394

13,538
13,538
48,781

8,481
8,481
18,025

(45,851)

6,269,215
720,938
1,158,494
8,148,647
8,838,201

$

$

$

$

$

(continued)

City of Glendale, Arizona
Federal Financial Data Schedule (PHA: AZ003)
For the Fiscal Year Ended June 30, 2010
(rounded to nearest dollar)

70600
70610
70710
70720
70730
70740
70750
70700
70800
71100
71200
71300
71310
71400
71500
71600
72000
70000

(continued)

Income Statement
Account Description

Line
Item No.
70300
70400
70500

3 of 6

REVENUE:
Net tenant rental revenue
Tenant revenue - other
Total tenant revenue
HUD PHA operating grants - other
Capital grants
Management fee
Asset management fee
Bookkeeping fee
Front line service fee
Other fees
Total fee revenue
Other government grants
Investment income - unrestricted
Mortgage interest income
Proceeds from disposition of assets held for sale
Cost of sale of assets
Fraud recovery - other
Other revenue
Gain or loss on the sale of capital assets
Investment income - restricted
Total revenue

AMPS
$

343,811
6,470
350,281

HCV
$

DVP
-

$

DHAP
-

$

Eliminations
-

$

Total
-

$

343,811
6,470
350,281

582,383
347,449
-

8,749,205
-

-

-

-

9,331,588
347,449
-

1,931
183,801
1,465,845

652
5,970
4,326,115
273
13,082,215

50
50

75
75

-

2,583
5,970
4,510,041
273
14,548,185

123

(continued)

City of Glendale, Arizona
Federal Financial Data Schedule (PHA: AZ003)
For the Fiscal Year Ended June 30, 2010
(rounded to nearest dollar)

(continued)

Income Statement
Account Description

Line
Item No.
91100
91200
91300
91310
91400
91500
91600
91700
91800
91810
91900
91000

4 of 6

EXPENSES:
Administrative salaries
Auditing fees
Management fee
Bookkeeping fee
Advertising and marketing
Employee benefit contributions - administrative
Office expenses
Legal expense
Travel
Allocated overhead
Other
Total operating - administrative

124

92000

Asset management fee

92100
92200
92300
92400
92500

Tenant services - salaries
Relocation costs
Employee benefit contributions - tenant services
Tenant services - other
Total Tenant services

93100
93200
93300
93400
93500
93600
93700
93800
93000
94100
94200
94300
94500
94000

AMPS
$

HCV

467,034
2,000
136
117,017
35,191
3,051
40,177
664,606

$

DVP

470,662
3,000
383
127,938
32,473
400
60,885
695,741

$

DHAP
-

$

Eliminations
-

$

Total
-

$

937,696
5,000
519
244,955
67,664
400
3,051
101,062
1,360,347

-

-

-

-

-

-

16,350
16,350

-

-

-

-

16,350
16,350

Water
Electricity
Gas
Fuel
Labor
Sewer
Employee benefit contributions- utilities
Other utilities expense
Total utilities

70,134
24,416
3,055
35,240
132,845

-

-

-

-

70,134
24,416
3,055
35,240
132,845

Ordinary maintenance and operations - labor
Ordinary maintenance and operations - materials & other
Ordinary maintenance and operations - contract costs
Employee benefit contributions - ordinary maintenance
Total maintenance

229,224
51,281
133,918
65,661
480,084

28,735
28,735

-

-

-

229,224
80,016
133,918
65,661
508,819
(continued)

City of Glendale, Arizona
Federal Financial Data Schedule (PHA: AZ003)
For the Fiscal Year Ended June 30, 2010
(rounded to nearest dollar)

5 of 6

(continued)

Income Statement
Account Description

Line
Item No.

AMPS

HCV

DVP

DHAP

Eliminations

Total

125

95100
95200
95300
95500
95000

Protective services - labor
Protective services - other contract costs
Protective services - other
Employee benefit contributions - protective services
Total protective services

96110
96120
96130
96140
96100

Property insurance
Liability insurance
Workman's compensation
All other insurance
Total insurance premiums

36,787
1,503
2,218
40,508

14,890
3,328
18,218

-

-

-

51,677
1,503
5,546
58,726

96200
96210
96300
96400
96500
96600
96800
96000

Other general expenses
Compensated absences
Payments in lieu of taxes
Bad debt - tenant rents
Bad debt- mortgages
Bad debt - other
Severance expense
Total other general expenses

-

34,761
34,761

-

-

-

34,761
34,761

96710
96720
96730
96700

Interest of mortgage (or bonds) payable
Interest on notes payable (short and long term)
Amortization of bond issue costs
Total Interest expense and amortization cost

-

-

-

-

-

-

96900

Total operating expenses

97000

Excess revenue over operating expenses

$

-

$

-

$

-

$

-

$

-

$

-

1,334,393

777,455

-

-

-

2,111,848

131,452

12,304,760

50

75

-

12,436,337

97100
97200

Extraordinary maintenance
Casualty losses - non-capitalized

-

-

-

-

-

-

97300

Housing assistance payments

-

7,566,110

-

-

-

7,566,110

407,394
1,741,787

4,054,578
5,635
12,403,778

-

-

-

4,054,578
413,029
14,145,565

97350
97400
97500
97600
97700
97800
90000

HAP Portability-in
Depreciation expense
Fraud losses
Capital outlays - governmental funds
Debt principal payment 0 governmental funds
Dwelling units rent expense
Total expenses

(continued)

City of Glendale, Arizona
Federal Financial Data Schedule (PHA: AZ003)
For the Fiscal Year Ended June 30, 2010
(rounded to nearest dollar)

(continued)

Income Statement
Account Description

Line
Item No.
10010
10020

OTHER FINANCING SOURCES (USES)
Operating transfers in
Operating transfers out

10030
10040
10050
10060
10070
10080
10091
10092
10093
10094
10100

Operating transfers from/to primary government
Operating transfers from/to component unit
Proceeds from notes, loans and bonds
Proceeds from property sales
Extraordinary items, net gain/loss
Special items, net gain/loss
Inter project excess cash transfer in
Inter project excess cash transfer out
Transfers between program and project - in
Transfers between program and project - out
Total other financing sources (uses)

10000

6 of 6

Excess (deficiency) of total revenues over (under) total expenses

AMPS
$

HCV
-

$

561,000
561,000
$

DVP
-

$

-

285,058

$

-

$

DHAP
-

$

-

678,437

$

-

$

Eliminations
-

$

-

Total
-

$

561,000
561,000
963,620

-

50

$

75

$

-

$

-

$

-

$

-

$

MEMO ACCOUNT INFORMATION

126

11020

Required annual debt principal payments

11030

Beginning equity

11040
11050
11060
11070
11080
11090
11100
11170
11180
11270

Prior period adjustments, equity transfers & correction of errors
Changes in compensated absence balance
Changes in contingent liability balanc
Changes in unrecognized pension transition liabilit
Changes in special term/severance benefits liabilit
Changes in allowance for doubtful accounts - dwelling rents
Changes in allowance for doubtful accounts - other
Administrative fee equity
Housing assistance payments equity
Excess cash

11190
11210

Unit months available
Unit months leased

11610
11620
11630
11640
11650
11660
13510
13901

Land purchases
Building purchases
Furniture & equipment - dwelling purchases
Furniture & equipment - administrative purchases
Leasehold improvements purchases
Infrastructure purchases
CFFP debt service payments
Replacement housing factor funds

$

$

-

6,440,229

818,368

13,488

-

-

7,272,085

885
689,987

781,087
720,938
-

-

8,406
-

-

9,291
781,087
720,938
689,987

1,779
1,761

12,648
11,952

-

-

-

14,427
13,713

314,568
17,402
15,479
-

$

-

$

-

$

-

$

-

$

314,568
17,402
15,479
-

City of Glendale, Arizona
COMPREHENSIVE ANNUAL FINANCIAL REPORT
_________________________________________________________

STATISTICAL
SECTION

___________________________ FOR THE FISCAL YEAR ENDED JUNE 30, 2010

This page left blank intentionally.

STATISTICAL SECTION

This part of the City of Glendale’s comprehensive annual financial report presents detailed information as a
context for understanding what the information in the financial statements, note disclosures, and required
supplementary information says about the city’s overall financial health.
Contents
Pages
Financial Trends
These schedules contain trend information to help the reader understand how the city’s
financial performance and well-being have changed over time.

128-135

Revenue Capacity
These schedules contain information to help the reader assess the city’s local revenue source,
the property tax and sales tax.

136-140

Debt Capacity
These schedules present information to help the reader assess the affordability of the city’s
current levels of outstanding debt and the city’s ability to issue additional debt in the future.

142-149

Demographic and Economic Information
These schedules offer demographic and economic indicators to help the reader understand the
environment within which the city’s financial activities take place.

150-151

Operating Information
These schedules contain service and infrastructure data to help the reader understand how the
information in the city’s financial report relates to the services the city provides and the
activities it performs.

152-156

Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive
annual financial reports for the relevant year. The city implemented GASB Statement 34 in 2002;
schedules presenting government-wide information include information beginning in that year.

127

City of Glendale, Arizona
Net Assets by Component
Last Ten Fiscal Years(1)
(amounts expressed in thousands)

2010
Government activities
Invested in capital assets,
net of related debt
Restricted
Unrestricted
Total governmental activities
net assets

$

$

471,484
144,422
51,500

2008

$

499,322
133,695
51,850

2007

$

446,828
180,303
44,573

645,857

667,406

684,867

671,704

271,969
13,988
124,550

286,452
13,249
114,814

297,329
12,836
107,384

249,569
11,881
155,325

410,507

414,515

417,549

416,775

729,742
190,388
136,234

757,936
157,671
166,314

796,651
146,531
159,234

696,397
192,184
199,898

$ 1,056,364

$ 1,081,921

$ 1,102,416

$ 1,088,479

Business-type activities
Invested in capital assets,
net of related debt
Restricted
Unrestricted
Total business-type activities
net assets
Primary government
Invested in capital assets,
net of related debt
Restricted
Unrestricted
Total primary government
net assets

457,773
176,400
11,684

2009

(1) 2002 was the first year data was available.

128

Schedule 1

2006

$

398,517
155,163
75,417

2005

$

372,778
179,434
40,641

2004

$

353,135
169,434
49,916

2003

$

259,802
127,393
132,801

2002

$

(1)

31,260
91,203
9,232

629,097

592,853

572,485

519,996

131,695

233,387
12,437
158,753

274,620
11,249
108,604

228,252
10,479
141,094

275,204
10,235
82,564

269,007
20,092
64,312

404,577

394,473

379,825

368,003

353,411

631,904
167,600
234,170

647,398
190,683
149,245

581,387
179,913
191,010

535,006
137,628
215,365

300,267
111,295
73,544

$ 1,033,674

$

987,326

$

952,310

129

$

887,999

$

485,106

City of Glendale, Arizona
Changes in Net Assets

Schedule 2

(1)

Last Ten Fiscal Years
(amounts expressed in thousands)
2010

2009

2008

2007

2006

2005

2002 (1)

2003

2004

Expenses
Governmental activities:
General government

$

42,530

$

39,545

$

39,998

$

37,992

$

33,329

$

31,603

$

24,003

$

20,209

$

22,490

Public safety

108,308

109,136

113,285

92,405

75,277

64,277

56,176

52,625

53,779

Public works

16,627

15,040

16,006

14,816

13,995

14,309

13,883

11,411

12,766

Community services

44,524

48,143

52,185

45,481

40,275

37,394

33,914

32,210

30,919

6,316

3,539

5,164

4,698

4,125

3,236

3,446

3,433

3,414

23,058

23,978

26,175

24,906

22,720

21,355

20,425

20,308

12,534

Community environment
Street maintenance
Other

-

-

-

-

3,020

238

142

148

19

Interest on long-term debt

42,286

38,982

28,475

23,551

16,883

16,986

15,838

7,223

5,864

Total governmental activities expenses

283,649

278,363

281,288

243,849

209,624

189,398

167,827

147,567

141,785

81,910

74,424

74,581

63,289

55,607

50,190

45,628

43,442

39,909

8,454

8,045

8,067

8,264

7,950

7,431

7,164

7,784

1,189

14,093

14,039

15,209

13,847

13,257

12,287

12,294

12,353

10,180

Business-type activities:
Water and sewer
Landfill
Sanitation
Housing
Total business-type activities expenses

130

Total primary government expenses

14,180

11,840

9,862

8,951

9,466

9,278

8,858

8,033

7,513

118,637

108,348

107,719

94,351

86,280

79,186

73,944

71,612

58,791

$

402,286

$

386,711

$

389,007

$

338,200

$

295,904

$

268,584

$

241,771

$

219,179

$

200,576

$

14,232

$

11,879

$

12,132

$

11,610

$

10,726

$

9,075

$

9,092

$

10,029

$

4,464

Program revenues
Governmental activities:
Charges for services:
General government
Public safety

5,824

4,670

5,744

1,964

1,375

1,200

1,043

1,897

Public works

7,447

588

543

531

516

506

148

526

479

11,918

15,661

22,859

22,285

20,121

16,871

16,942

13,439

4,409

Community environment

-

3,045

-

-

31

-

3

-

-

Street maintenance

2

36

-

48

-

-

-

7

25

29,596

24,146

33,191

36,566

31,973

26,535

24,503

22,522

22,640

3,755

2,600

14,491

26,247

6,406

1,407

3,429

4,294

2,589

72,774

62,625

88,960

99,251

71,148

55,594

55,160

52,714

34,931

Community services

Operating grants and contributions
Capital grants and contributions
Total governmental activities program revenues

325

2010

2009

2008

2007

2006

2005

2002 (1)

2003

2004

Business-type activities:
Charges for services:
Water and sewer
Landfill
Sanitation
Housing
Operating grants and contributions
Capital grants and contributions

76,603

67,810

66,316

62,125

56,153

54,295

52,456

52,088

6,987

7,304

9,196

9,742

8,362

8,961

9,593

8,644

46,068
9,610

15,048

15,258

14,684

14,653

14,167

13,624

12,817

11,918

11,808

4,870

2,042

816

662

569

542

512

494

422

9,331

8,701

8,348

8,254

8,020

8,027

7,643

7,091

6,592

690

1,207

4,346

5,125

5,403

242

168

520

673

Total business-type activities program revenues

113,529

102,322

103,706

100,561

92,674

85,691

83,189

80,755

75,173

Total primary government program revenues

186,303

164,947

192,666

199,812

163,822

141,285

138,349

133,469

110,104

Governmental activities

(210,875)

(215,738)

(192,328)

(144,598)

(138,476)

(133,804)

(112,667)

(94,853)

(106,854)

Business-type activities

(5,108)

(6,026)

(4,013)

Net (expense)/revenue

Total primary government net expense

$

(215,983)

$

(221,764)

$

$

33,749

$

32,890

$

6,210

6,394

6,505

9,245

9,143

16,382

(196,341)

$

(138,388)

$

(132,082)

$

(127,299)

$

(103,422)

$

(85,710)

$

(90,472)

28,826

$

23,085

$

21,386

$

19,422

$

18,321

$

16,739

$

16,459

General revenues and other changes in net assets
Governmental activities:
Taxes:
Property taxes

131

Sales taxes

92,717

97,054

105,175

97,825

90,968

77,166

74,763

63,832

52,580

Unrestricted state shared sales tax

17,786

19,321

22,237

23,037

23,298

20,271

18,409

17,113

16,862

31,292

36,267

34,109

27,518

22,909

20,115

19,731

23,288

22,822

8,130

8,808

9,730

10,044

10,444

9,414

8,978

8,619

7,219

Investment earnings, unrestricted

286

1,668

4,742

5,557

4,395

2,654

315

(1,602)

1,397

Gain (loss) on disposal of capital assets

330

879

202

348

225

9

445

Unrestricted urban revenue sharing
(state shared income tax)
Auto in-lieu taxes

Miscellaneous
Capital contributions
Transfers

(52)
2,872

302

301

272

275

349

299

289

-

-

-

-

-

4,794

24,614

27,042

6,205

(370)

Total governmental activities

(345)

5,406

(551)

(509)

(364)

700

(164)

(333)

(67)

(228)

189,326

198,277

205,491

187,205

174,720

154,172

165,156

155,708

132,149

Investment earnings, unrestricted

460

2,069

4,044

5,381

3,466

2,065

1,115

(123)

Gain (loss) on disposal of capital assets

187

282

126

103

844

-

-

(725)

(168)

-

-

-

-

-

-

(1,285)

(1,011)

(1,054)

83

90

108

140

100

202

-

-

-

-

-

-

-

-

5,712

2,414

7,241

4,591

Business-type activities:

Loss on joint venture
Miscellaneous
Capital contributions
Transfers
Total business-type activities
Total primary government

370

551

509

364

1,100

2,992

4,787

5,988

$

190,426

$

201,269

$

210,278

$

$

(21,549)

$

(17,461)

$

13,163

$

(700)
3,710

193,193

$

42,607

$

178,430

$

36,244

$

1,215

164

333

67

228

8,143

2,577

5,449

8,563

162,315

$

20,368

$

167,733

$

161,157

$

52,489

60,855

$

11,822

14,592

140,712

Changes in net assets
Governmental activities
Business-type activities
Total primary government
(1)

2002 was the first year data was available.

(4,008)
$

(25,557)

(3,034)
$

(20,495)

12,198

774
$

13,937

$

54,805

10,104
$

46,348

14,648
$

35,016

$

64,311

$

75,447

25,295
24,945

$

50,240

City of Glendale, Arizona
Fund Balances - Governmental Funds
Last Ten Fiscal Years
(amounts expressed in thousands)

Schedule 3

2010
General fund
Reserved
Unreserved
Total general fund
All other governmental funds
Reserved
Unreserved, report in:
Special revenue funds
Capital projects funds
Total all other governmental funds

$

2009

$

$

9,383
29,463
38,846

$

76,055

$

50,478
41,046
167,579

2008

$

$

10,450
42,180
52,630

$

83,966

$

57,555
27,474
168,995

2007

$

$

9,271
57,117
66,388

$

58,146

$

76,493
18,436
153,075

2006

$

$

10,500
50,880
61,380

$

45,029

$

34,369
68,932
148,330

2005

$

$

10,287
62,166
72,453

$

42,910

$

30,584
64,106
137,600

2004

$

$

9,377
56,661
66,038

$

39,014

$

34,867
61,765
135,646

2003

$

$

9,582
51,080
60,662

$

41,188

$

29,807
71,569
142,564

2002

$

$

17,315
31,727
49,042

$

33,527

$

23,553
126,252
183,332

2001

$

$

17,998
7,119
25,117

$

13,232
24,716
37,948

$

28,460

$

19,473

$

8,596
37,932
74,988

$

2,585
28,369
50,427

132

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133

City of Glendale, Arizona
Changes in Fund Balances - Governmental Funds
Last Ten Fiscal Years
(amounts expressed in thousands)
2010

Schedule 4

2009

2008

2007

2006

2005

2004

2003

2002

2001

Revenues
Taxes and special assessments
Licenses and permits
Intergovernmental
Local revenues

$

126,291

$

130,119

$

133,746

$

121,122

$

112,576

$

96,812

$

93,655

$

82,458

$

70,526

$

60,911

9,734

10,503

17,385

17,839

16,039

15,497

16,667

16,771

10,663

9,897

90,047

91,642

101,821

107,699

86,994

75,691

73,166

73,836

68,479

72,216

-

-

-

-

-

-

-

-

-

6,417

Charges for services

13,640

9,881

14,125

10,086

8,838

5,681

4,824

3,313

2,516

5,347

Fines and forfeitures

4,052

4,064

4,507

3,932

3,564

3,247

3,169

3,246

2,859

2,381

774

3,805

9,986

10,905

7,825

4,762

1,511

2,572

8,303

Miscellaneous

18,000

9,346

4,915

4,212

4,136

3,335

2,774

2,834

2,729

3,687

Total revenues

262,538

259,360

286,485

275,795

239,972

205,025

195,766

181,653

160,344

169,159

Investment income (loss)

(805)

Expenditures

134

General government

23,085

26,048

25,364

24,524

21,868

20,892

17,274

20,321

20,064

21,583

Public safety

96,161

103,624

100,384

86,753

72,745

61,366

53,805

49,571

49,126

43,741

Public works

11,569

11,072

11,743

12,155

12,252

12,081

12,816

10,118

11,364

12,688

Community services

37,518

42,294

44,767

39,150

35,604

32,627

30,006

28,391

27,502

22,832

6,160

3,478

4,972

4,657

3,978

3,082

3,311

3,282

3,223

2,379

Street maintenance

10,388

11,901

13,045

13,372

11,609

10,534

9,811

9,994

11,493

10,320

Community housing

2,026

1,666

1,629

3,059

2,918

-

-

-

-

6,201

Miscellaneous

55

555

80

71

475

Capital outlay

63,529

186,175

141,060

179,421

131,243

47,283

120,833

142,213

38,636

37,029

Principal

29,451

29,670

32,151

28,096

20,328

18,899

18,090

21,680

20,574

16,501

Interest

42,913

39,571

32,294

20,630

17,222

17,231

15,998

8,155

5,925

6,605

322,800

455,499

407,409

411,817

329,767

224,050

282,499

293,805

187,978

180,354

(60,262)

(196,139)

(120,924)

(136,022)

(89,795)

(19,025)

(86,733)

(112,152)

(27,634)

(11,195)

Community environment

Debt service:

Total expenditures
Excess of revenues
over (under) expenditures

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

Other financing sources (uses)
Discount on long-term debt

-

(3,136)

-

-

-

-

(82)

-

-

41,650

199,750

109,986

133,327

93,033

-

-

-

200

-

16,075

69,522

215,920

40,563

-

10

1,894

93,815
2,192

1,198

9,065

-

-

-

-

-

Premium on long-term debt issued

1,782

230

1,114

14,500

-

-

Proceeds from equipment disposal

482

344

8,714

850

3,166

1,342

8,198

2,802

82

-

44

-

-

668

-

-

428

11,266

-

-

Transfers in

36,306

21,914

(83,521)
51,626

24,945

(9,582)
20,014

15,800

32,943

12,851

15,936

15,015

Transfers out

(33,430)

(22,465)

(52,135)

(25,309)

(19,314)

(15,964)

(33,276)

(12,918)

(16,165)

(16,325)

45,062

198,301

130,677

135,679

98,164

17,483

57,585

244,421

36,083

(1,310)

Proceeds from loans
Long-term debt issued
Refunding bonds issued

Capital lease proceeds

-

Payment to redeem/refunded bonds
escrow agent

-

(21,262)

-

(4,533)

-

Total other financing
sources (uses)
Net change in fund balances

$

(15,200)

$

2,162

$

9,753

$

(343)

$

8,369

$

(1,542)

$

(29,148)

$

132,269

$

8,449

$

(12,505)

Debt service as a percentage
of noncapital expenditures

27.91%

25.71%

24.20%

20.97%

18.91%

20.44%

21.09%

19.68%

17.74%

16.12%

135

City of Glendale, Arizona
Assessed and Estimated Actual Value of Taxable Property
Last Ten Fiscal Years
(amounts expressed in thousands)

Schedule 5

Major Components
Fiscal
Year
2000-01

Real
Estate
$

233,712

Improvements
$

619,842

Secured
Personal
$

2,609

Utilities
Rails and
Wires

Unsecured
Personal
$

39,388

$

46,580

Less:
Tax Exempt
Property
$

65,228

Net
Assessed
Value (1)
$

Total
Direct
Tax Rate

876,903

1.72

Estimated
Actual
Value(1)
$

Assessed Value
as a Percentage
of Actual Value(2)

7,288,261

12.927

136

2001-02

253,580

686,608

2,609

43,470

51,547

83,695

954,119

1.72

8,010,100

12.956

2002-03

258,224

733,234

2,383

39,629

54,189

98,565

989,094

1.72

8,331,442

13.055

2003-04

298,152

820,414

2,113

35,832

58,517

135,011

1,080,017

1.72

9,391,120

12.938

2004-05

342,689

893,850

1,661

43,584

56,582

193,816

1,144,550

1.72

10,065,003

13.297

2005-06

368,181

989,418

1,450

45,025

58,101

192,607

1,269,568

1.72

11,296,734

12.943

2006-07

463,560

1,033,129

1,373

45,756

58,111

230,940

1,370,989

1.72

12,107,926

13.230

2007-08

593,311

1,406,513

1,759

50,130

60,680

285,374

1,827,019

1.62

16,733,846

12.624

2008-09

739,936

1,821,057

1,865

54,663

61,347

485,193

2,193,675

1.59

21,034,639

12.736

2009-10

739,388

1,844,506

1,698

59,190

62,176

576,051

2,130,907

1.60

20,635,557

13.118

Source: Maricopa County Assessor's Office
Notes:
(1) Assessed values are established each year by the County. The tax rate is $100 per assessed value (reference note I. L).
(2) The assessed value as a percentage of actual value does not include tax exempt property.

City of Glendale, Arizona
Direct and Overlapping Governments Property Tax Rates
Last Ten Fiscal Years
Per $100 Assessed Valuation

Schedule 6

Overlapping Rates*

General
Obligation
Debt Service

City of
Glendale

Glendale
Elementary
and High
School
Districts

Peoria
Unified
School
Districts

Deer Valley
Unified
School
Districts

137

Fiscal
Year

Basic
Rate

2000-01

0.38

1.34

1.72

15.81

14.55

13.12

2001-02

0.36

1.36

1.72

15.36

13.73

13.12

2002-03

0.35

1.37

1.72

15.51

13.69

12.59

2003-04

0.34

1.38

1.72

14.79

13.59

12.06

2004-05

0.33

1.39

1.72

14.88

13.22

11.78

2005-06

0.31

1.41

1.72

20.96

18.45

16.98

2006-07

0.29

1.43

1.72

19.84

17.26

15.34

2007-08

0.27

1.35

1.62

17.74

15.33

13.97

2008-09

0.24

1.35

1.59

15.85

14.09

13.03

2009-10

0.22

1.37

1.59

15.18

13.81

12.74

Source: Maricopa County 2009 Tax Rates
Note: The City rounds the rates to two digits from the four presented by the county.
* Overlapping rates are those of local and county governments that apply to property owners within the City of Glendale. Not all
overlapping rates apply to all City of Glendale property owners (e.g., the rates for special districts apply only to the proportion
of the government's property owners whose property is located within the geographic boundaries of the special district).

City of Glendale, Arizona
Principal Property Taxpayers
Current Year and Ten Years Ago
June 30, 2010
(amounts expressed in thousands)

Schedule 7

Tax Year 2010

138

Taxpayer
VHS of Arrowhead, Inc.
Arizona Public Service Company
New River Associates
Entertainment Center Development LLC
Wal-Mart Stores, Inc.
JQH-Glendale Az Development LLC
RCFC Zanjero Falls LLC
Lexington Glendale LLC
Qwest Corporation (US West)
Conair Corporation
KIR Glendale
Southwest Gas Corporation
Sanderson Ford
Union Hills Lepercq Partners
SP Commercial Flight
Burlington Northern Sante Fe
Meridan Trust Co
Total principal taxpayers

Rank
1
2
3
4
5
6
7
8
9
10

$

$

Assessed
Valuation
19,552,801
18,151,158
14,339,096
13,860,000
13,642,191
10,080,000
9,241,123
8,553,643
8,238,343
8,195,815

123,854,170

Tax Year 2000

Percentage of
Total City Taxable
Assessed Value
0.91 %
0.85
0.67
0.65
0.64
0.47
0.43
0.40
0.39
0.38

5.79 %

Assessed
Valuation

Rank
1
3

$

Percentage of
Total City Taxable
Assessed Value

12,506,364
10,196,322

1.59 %
1.29

2

12,296,249

1.56

4
5
6
7
8
9
10

5,778,482
4,132,747
3,500,125
3,368,780
3,296,380
2,677,011
2,567,125

0.73
0.52
0.44
0.43
0.42
0.34
0.33

$

60,319,585

Source: Maricopa County Treasurer's Office
Note: The Salt River Project Agriculture Improvement and Power District assessed valuation is not reflected in the total assessed
valuation of the City of Glendale. The Project is subject to "voluntary contribution" in lieu of ad valorem taxation.

7.65 %

City of Glendale, Arizona
Property Tax Levies and Collections
Last Ten Fiscal Years
(amounts expressed in thousands)

Schedule 8

Collected within the
Fiscal Year of Levy

Total Collections to Date
Collections

Fiscal
Year
2000-01

Total
Tax Levy(1)
$

14,227

Amount
$

Percent of
Levy

13,833

97.23 %

in Subsequent
Years(2)
$

392

Amount
$

Percent of
Levy

14,225

99.99 %

139

2001-02

16,136

15,529

96.24

588

16,117

99.88

2002-03

16,743

16,289

97.29

440

16,729

99.92

2003-04

18,468

17,899

96.92

561

18,460

99.96

2004-05

19,534

19,011

97.32

427

19,438

99.51

2005-06

21,566

20,980

97.28

494

21,474

99.57

2006-07

23,423

22,721

97.00

415

23,136

98.77

2007-08

28,728

27,823

96.85

558

28,381

98.79

2008-09

33,927

32,411

95.53

1,006

33,417

98.50

2009-10

33,617

32,260

95.96

-

32,260

95.96

Source: Maricopa County Treasurer's Office
(1) Total levy includes only secured property.
(2) Includes collections and resolutions.

City of Glendale, Arizona
City Transaction Privilege Taxes (Sales Tax) by Category
Last Ten Fiscal Years
(amounts expressed in thousands)
2010
Retail sales
Contracting

$

Rentals

49,127

2009
$

48,353

Schedule 9

2008
$

54,416

2007
$

50,733

2006
$

48,743

2005
$

41,883

2004
$

41,262

2003
$

36,639

2002
$

30,858

2001
$

24,449

4,458

6,378

9,540

10,483

9,729

7,716

7,709

5,638

3,659

4,269

12,729

11,511

12,082

9,895

8,897

8,228

7,752

7,164

5,740

4,990

Utilities

6,829

6,449

5,359

4,724

4,168

1,967

2,606

1,765

1,482

1,297

Telecom/cable TV

6,156

6,722

6,174

5,914

5,300

5,179

4,290

2,437

1,490

1,259
4,935

Restaurant/bar

10,791

10,863

10,995

9,335

8,163

7,031

6,676

6,132

5,477

Amusement

3,697

3,659

3,034

3,288

1,934

1,043

1,058

601

539

424

Other

4,018

4,002

3,575

3,453

4,034

4,119

3,410

3,456

3,335

2,768

Total
% Growth by year
Retail sales
Contracting

$

97,805

$

1.6 %
(30.1)

97,937

(11.1) %
(33.1)

$

105,175

7.3 %
(9.0)

$

97,825

4.1 %
7.8

$

90,968

16.4 %
26.1

140

Rentals

10.6

(4.7)

22.1

11.2

8.1

Utilities

5.9

20.3

13.4

13.3

111.9

$

77,166

1.5 %
0.1

$

74,763

$

12.6 %
36.7

63,832

18.7 %
54.1

$

52,580

26.2 %
(14.3)

$

44,391

0.6 %
(8.3)

6.1

8.2

24.8

15.0

7.1

(24.5)

47.6

19.1

14.3

2.9
23.8

Telecom/cable TV

(8.4)

8.9

4.4

11.6

2.3

20.7

76.0

63.6

18.3

Restaurant/bar

(0.7)

(1.2)

17.8

14.4

16.1

5.3

8.9

12.0

11.0

4.4

Amusement

1.0

20.6

(7.7)

70.0

85.4

(1.4)

76.0

11.5

27.1

(14.0)

Other

0.4

11.9

3.5

(14.5)

(2.1)

20.8

(1.3)

3.6

20.5

12.2

(6.9) %

7.5 %

Total

(0.1) %

7.5 %

17.9 %

3.2 %

17.1 %

Source: City of Glendale Tax and License Division
Note: The tax rate for City activities is 2.2% except for telecommunications which is 5.4%, restaurant bars 3.2%, hotel/motel 5.6%, and retail sales food for home consumption 1.8%.

21.4 %

18.4 %

1.8 %

This page left blank intentionally.

141

City of Glendale, Arizona

Schedule 10

Ratio of Outstanding Debt by Type
Last Ten Fiscal Years
(amounts expressed in thousands)

(1)

Government Activities
General
Obligation
Bonds

Fiscal
Year
2000-01

$

46,917

Street and
Highway
Revenue
Bonds

Special
Assessment
Bonds
$

17,621

$

24,310

Excise Tax
Revenue
Bonds
$

11,215

Transportation
Bonds
$

-

Capital
Leases
$

8,865

Notes
Payable
$

5,754

142

2001-02

82,637

16,247

24,310

11,215

-

4,498

4,340

2002-03

127,104

12,036

20,030

170,590

-

14,971

20,193

2003-04

153,688

109

22,730

180,230

-

14,704

17,098

2004-05

157,065

75

22,455

177,950

-

13,704

18,876

2005-06

175,155

39

35,940

223,988

-

12,875

15,689

2006-07

224,234

-

34,065

293,530

-

12,492

6,279

2007-08

212,524

-

30,895

298,050

109,110

10,838

9,045

2008-09

197,738

-

27,480

493,880

105,035

9,076

7,637

2009-10

225,595

-

23,910

487,305

102,490

7,493

6,288

Water
Sewer
G.O. Bonds

Fiscal
Year
2000-01

$

6,165

Landfill
G.O. Bonds
$

1,333

Business Activities
Water
Sewer
Revenue
Bonds
$

56,705

Notes
Payable
$

3,357

Capital
Leases
$

13,783

Total
Primary
Government
$

Percentage of
Personal Income (2)

196,025

2.74

143

2001-02

6,165

1,333

56,705

6,358

15,291

229,099

3.22

2002-03

17,845

1,186

49,280

14,831

12,838

460,904

6.71

2003-04

15,825

1,032

121,470

14,433

11,007

552,326

8.25

2004-05

13,135

870

115,140

13,660

2,676

535,606

7.67

2005-06

12,375

700

190,020

12,285

2,613

681,679

9.08

2006-07

11,595

520

229,130

10,862

2,349

825,056

9.86

2007-08

10,805

331

288,950

10,240

1,688

982,476

11.32

2008-09

9,995

132

282,345

12,425

1,080

1,146,823

13.11

2009-10

9,160

-

273,140

14,278

592

1,150,251

13.56

Note: Details of the outstanding debt can be found in the notes to the financial statements.
(1) Does not include other long-term obligations such as compensated absences, unamortized premiums, claims/judgments, arbitrage, post-closure costs, etc.
(2) Calculate by dividing Glendale population with Maricopa County population and multiplying by total personal income to arrive at Glendale personal income (data
from Schedule 15). Then divide total primary government amount by Glendale personal income to arrive at percentage of personal income.

City of Glendale, Arizona
Ratios of Net General Bonded Debt Outstanding
Last Ten Fiscal Years
(amounts expressed in thousands)

General
Obligation
Bonds(1)

Fiscal
Year
2000-01

$

54,415

Less: Amounts
Available in
Debt Service
Funds(2)
$

13,241

Schedule 11

Total
$

Percentage of
Net Assessed
Value of Property

41,174

4.69 %

Per
Capita(3)
$

183.81

2001-02

90,135

16,281

73,854

7.74

323.92

2002-03

146,135

17,768

128,367

12.98

555.70

2003-04

170,545

18,526

152,019

14.08

652.44

2004-05

171,070

19,472

151,598

13.25

642.36

2005-06

188,230

22,507

165,723

13.05

679.19

2006-07

236,349

24,600

211,749

15.45

859.44

2007-08

223,660

30,145

193,515

10.59

778.01

2008-09

207,865

37,418

170,447

7.77

682.30

2009-10

234,755

41,934

192,821

9.05

770.75

Note:

(1) These figures include general obligation water and sewer bonds.
(2) These figures include the current general obligation bond liability plus the general obligation
debt service fund balance at June 30.
(3) Per capita is in actual dollars.

144

City of Glendale, Arizona
Net Direct and Overlapping Governmental Activities Debt
June 30, 2010
(amounts expressed in thousands)

Jurisdiction
Peoria Unified School
District No. 11

Schedule 12

Net Debt
Outstanding
$

192,000

Percentage
Applicable
to Glendale
22.5545 %

Amount
Applicable
to Glendale
$

43,305

Glendale Elementary School
District No. 40

14,030

99.0034

13,890

Deer Valley Unified School
District No. 97

181,315

19.5213

35,395

Alhambra Elementary School
District No. 68

20,885

18.1843

3,798

Glendale Union High School
District No. 205

87,505

23.2295

20,327

Maricopa County Community College District

653,040

3.6750

23,999

Phoenix Union High School
District No. 210

266,380

1.3608

3,625

Pendergast Elementary School
District No. 92

27,265

22.0486

6,012

Tolleson Union High School
District No. 214

79,520

7.0845

5,634

Washington Elementary School
District No. 6

76,855

2.9150

2,240

185,215

0.0932

173

Agua Fria Union High School
District No. 216

48,410

0.0747

36

Litchfield Elementary School
District No. 79

31,950

0.1164

37

Maricopa County

Dysart Unified School
District No. 89

Total Overlapping Debt

1,864,370

158,471

City of Glendale Debt(1)

198,991

198,991

Total

$

2,063,361

Source: Maricopa County - Abstract by tax authority and class,
Abstract by tax area code and Annual Report of Bonded Indebtedness.
(1) Does not include landfill nor water and sewer general obligation debt.

145

$

357,462

City of Glendale, Arizona
Legal Debt Margin Information
Last Ten Fiscal Years
(amounts expressed in thousands)

Schedule 13
Legal Debt Margin Calculation for Fiscal Year 2010

6% Type Bonds

Assessed value

$

Debt limit (6% of assessed value)

127,854

Debt applicable to limit: General obligation bonds

35,300

Less: Amount set aside for repayment of general obligation debt

(6,290)

Total net debt applicable to limit

29,010

Legal debt margin
2001
Debt limit

$

52,614

2002
$

57,247

2003
$

59,346

2004
$

64,801

2,130,907

2005
$

68,673

$
2006

$

76,174

2007
$

82,259

2008
$

109,621

2009
$

131,621

98,844
2010

$

127,854

Total net debt
applicable to limit
Legal debt margin

21,602
$

31,012

30,167
$

27,080

47,813
$

11,533

49,399
$

15,402

51,682
$

16,991

52,539
$

23,635

38,998
$

43,261

43,358
$

66,263

32,121
$

99,500

29,010
$

98,844

146

Total net debt applicable to the
limit as a percentage of debt limit

41.06%

52.70%

80.57%

76.23%

20% Type Bonds

75.26%

68.97%

47.41%

39.55%

24.40%

Assessed value

22.69%

$

Debt limit (20% of assessed value)

426,181

Debt applicable to limit: General obligation bonds

199,455

Less: Amount set aside for repayment of general obligation debt

(35,644)

Total net debt applicable to limit

163,811

Legal debt margin
2001
Debt limit

$

175,381

2002
$

190,824

2003
$

197,818

2004
$

216,003

2,130,907

2005
$

228,910

$
2006

$

253,914

2007
$

274,198

2008
$

365,404

2009
$

438,735

262,370
2010

$

426,181

Total net debt
applicable to limit
Legal debt margin

29,847
$

145,534

43,972
$

146,852

80,844
$

116,974

101,153
$

114,850

99,340
$

129,570

113,184
$

140,730

172,751
$

101,447

150,157
$

215,247

138,326
$

300,409

163,811
$

262,370

Total net debt applicable to the
limit as a percentage of debt limit

17.02%

23.04%

40.87%

46.83%

43.40%

44.58%

63.00%

41.09%

31.53%

38.44%

This page left blank intentionally.

147

City of Glendale, Arizona
Pledged-Revenue Coverage
Last Ten Fiscal Years
(amounts expressed in thousands)

Schedule 14

Fiscal

Utility
Service

Less:
Operating

Year

Charges(1)

Expenses(2)

2000-01

$

52,482

$

28,334

Water and Sewer Revenue Bonds
Net
Debt Service
Available
Principal(3)

Revenue
$

24,148

$

7,558

Interest(3)
$

Coverage

3,387

2.21

148

2001-02

50,549

27,620

22,929

8,463

3,022

2.00

2002-03

51,922

30,537

21,385

9,116

2,745

1.80

2003-04

53,209

31,445

21,764

7,102

4,760

1.83

2004-05

56,144

32,100

24,044

6,495

6,168

1.90

2005-06

59,426

35,916

23,510

6,813

7,143

1.68

2006-07

66,646

40,825

25,821

6,303

9,280

1.66

2007-08

69,490

44,247

25,243

7,252

11,918

1.32

2008-09

69,300

40,175

29,125

9,876

13,539

1.24

2009-10

76,987

43,628

33,359

10,347

13,082

1.42

Transportation Bonds (4)
Fiscal

Transportation
Sales

Year

Tax

2000-01

$

Excise
Tax

Debt Service
Principal

-

Excise Tax Revenue Bonds (5)

$

Interest
-

$

Coverage
-

$

-

Debt Service

Revenue
$

83,739

Principal
$

785

Interest
$

Coverage

548

62.82

149

2001-02

-

-

-

-

85,322

880

515

61.16

2002-03

-

-

-

-

88,071

1,240

1,510

32.03

2003-04

-

-

-

-

94,277

2,280

8,530

8.72

2004-05

-

-

-

-

98,143

1,885

9,017

9.00

2005-06

-

-

-

-

114,066

2,785

8,871

9.79

2006-07

-

-

-

-

123,602

2,715

10,343

9.47

2007-08

23,672

4,075

3,255

3.23

127,373

7,399

17,617

5.09

2008-09

20,875

2,545

4,782

2.85

118,277

6,575

24,074

3.86

2009-10

19,488

2,675

4,655

2.66

109,536

5,600

27,812

3.28

Source: City of Glendale Finance Department
Notes:
(1) Operating revenues and nonoperating revenues excluding non-cash contributions, gains and losses.
(2) Excluding depreciation.
(3) Principal and interest amounts include debt service on the note payable to the Waste Infrastructure Financing Authority of Arizona for the 00-01 loan.
(4) FY 2008 is the first year the City of Glendale has issued transportation bonds.
(5) Excise tax revenue bonds include the Municipal Property Corporation and the Western Loop 101 Public Facilities Corporation.

City of Glendale, Arizona
Demographic and Economical Statistics
Last Ten Fiscal Years
(amounts expressed in thousands)

Fiscal
Year

City of
Glendale
Population(2)

Maricopa
County
Population

2000-01

224

3,196

2001-02

228

3,295

2002-03

231

2003-04

Schedule 15

Personal Income
$

Per Capita
Personal
Income(1)

(1)

92,913,124

$

Unemployment
Rate

29,068

3.7

95,618,598

29,020

5.0

3,397

98,401,099

28,968

5.3

233

3,524

101,264,571

28,734

4.4

2004-05

236

3,524

104,211,370

29,570

3.9

2005-06

244

3,764

115,863,448

30,782

3.9

2006-07

246

3,879

131,949,430

(3)

34,016

(4)

3.1

2007-08

249

3,990

(5)

139,044,312

(3)

34,848

(4)

3.6

2008-09

250

3,988

(6)

139,665,253

35,021

(4)

8.4

2009-10

250

4,116

(6)

139,665,253

33,932

(4)

9.1

(7)

Note: (1) Personal Income and Per Capita Income figures are for Maricopa County. City of Glendale
is one of several Valley cities that comprise Maricopa County, including Phoenix, Mesa and Scottsdale.
(2) Estimate provided by City of Glendale Planning Department
(3) Estimate based on forecasted increases for Maricopa County of 5%, 5% and 4.1% for 2008, 2007, and 2006, respectively
and Maricopa County personal income for 2005 of $120,716,738 and for 2008 of $132,423,154.
(4) Calculation based on personal income divided by population.
(5) Draft figure for Maricopa County population provided by City of Glendale Planning Department.
(6) Maricopa County population provided by Maricopa County CAFR statistical section.
(7) The FY 2008-09 Maricopa County CAFR provides the most current number.

150

%

City of Glendale, Arizona
Principal Employers
Current Year and Ten Years Ago

Schedule 16

2010

Employer
Luke Air Force Base
Banner Thunderbird Health System

Wal-Mart
Glendale Union High School District
City of Glendale
Glendale Elementary School District
Deer Valley Unified School District
Glendale Community College
AAA
Arrowhead Community Hospital
Arrowhead Towne Center
Arizona Public Service
U.S. Postal Service
Sanderson Ford
Total

Employees
6,000
2,866
2,025
2,008
1,887
1,684
1,432
1,220
1,175
959

Rank
1
2
3
4
5
6
7
8
9
10

21,256

2000
Percentage
of Total City
Employment
4.12 %
1.97
1.39
1.38
1.29
1.16
0.98
0.84
0.81
0.66

14.58 %

Source: City of Glendale Economic Development Department
Department of Economic Security, Research Administration, LAUS Report

151

Employees
6,980
1,125

Rank
1
7

Percentage
of Total City
Employment
6.02 %
0.97

1,500
1,380
1,300

3
4
5

1.29
1.19
1.12

500
2,160
1,276
780
400

9
2
6
8
10

1.86
1.10
0.67
0.34

17,401

15.00 %

City of Glendale, Arizona
Full-Time Equivalent City Government Employees by Function/Program
Last Ten Fiscal Years

Function/Program

152

General government
Management services
Finance
Planning
Building
Legal
Other
Police
Fire
Homeland security
Community service
Parks and recreation
Library
Public works
Engineering
Transportation
Utilities
Total

2010

2009

2008

43.00
61.00
24.00
32.00
73.00
96.00
554.00
276.00
72.00
122.00
57.00
225.00
27.00
63.00
170.00
1,895.00

38.00
69.00
33.00
43.00
70.00
104.00
567.00
278.00
6.00
69.00
85.00
65.00
256.00
39.00
67.00
171.00
1,960.00

35.00
86.75
28.50
53.75
78.00
108.50
557.50
263.50
7.00
93.75
99.25
87.76
281.00
45.00
89.25
186.00
2,100.51

Sources:
City Budget Office
City of Glendale Human Resources Department for 2010

Schedule 17

Full-Time Equivalent Employees as of June 30
2007
2006
2005
2004

35.00
86.75
28.50
51.75
78.00
105.50
543.50
251.50
7.00
87.25
98.75
88.76
271.00
45.00
88.25
165.00
2,031.51

34.00
86.75
26.50
55.75
67.00
101.00
506.50
237.50
84.25
89.75
87.76
266.00
46.00
81.25
146.00
1,916.01

32.00
85.75
26.15
57.75
67.00
94.50
507.50
216.00
82.75
86.75
87.76
266.00
45.00
80.25
140.00
1,875.16

34.00
84.75
26.15
44.75
61.00
93.50
473.50
196.00
75.25
80.40
87.75
267.00
44.00
80.25
132.00
1,780.30

2003

2002

2001

32.50
84.75
27.15
40.75
58.00
93.50
455.50
195.00
75.25
79.40
87.75
270.00
44.00
78.25
132.00
1,753.80

33.50
82.75
27.15
32.50
50.00
93.50
455.50
190.00
73.75
78.40
87.75
272.00
43.00
65.25
132.00
1,717.05

31.50
83.50
23.65
29.50
47.00
97.50
421.50
167.50
67.00
73.40
86.75
268.00
42.00
65.25
125.00
1,629.05

City of Glendale, Arizona
Operating Indicators by Function/Program
Last Ten Fiscal Years

Function/Program

153

Police
Calls for service
Bookings
Criminal offense reports
Fire
EMS calls
Fire calls
Refuse collection
Residential curb service (tons per year)
Commercial container service (tons per year)
Airport
(2)
Departures/arrivals
General government
Building permits
Library
(4)
Volumes in collection
Transit
Dial-A-Ride passengers

Schedule 18

Fiscal Year
2006
2005

2010

2009

2008

2007

2004

2003

2002

2001

129,868
11,015
29,765

137,586
11,990
32,599

146,489
12,902
32,918

154,176
12,119
35,169

148,633
8,640
34,271

161,722
8,057
34,847

154,374
7,980
33,956

153,691
8,781
34,224

144,183
7,744
33,102

26,591
3,847

24,419
3,900

25,851
4,216

25,819
4,322

22,284
5,886

24,025
3,335

23,126
3,379

21,372
3,379

20,722
3,110

52,634
41,797

53,493
44,600

58,865
48,267

60,914
51,425

63,521
49,517

57,942
44,441

56,902
44,681

55,718
48,583

49,747
45,798

-

69,834

91,998

137,762

152,194

143,798

108,887

118,140

88,449

118,703

110,631

5,194

5,289

6,931

6,310

7,888

7,079

6,330

6,299

5,428

7,090

523,512

540,352

546,136

557,342

596,266

620,130

601,440

600,477

606,676

544,467

89,808

91,841

88,638

84,132

89,055

87,831

86,132

81,768

76,622

66,527

158,507
8,138
33,578
(1)
(1)

18,977
2,642

(3)
(3)

Source: Various city departments
Note: Water and sewer statistics are contained in Schedule 20 and 21.
(1) Fire department figures are on a calendar year, January 1, 2006, through November 3, 2006.
(2) Departures/arrivals are based on calendar year prior to 2005-2006. 2005 figures are through October 2005. 2009 figures are through October 30, 2009.
(3) Amounts based on calendar year: January 1, 2005, through September 30, 2005.
(4) Includes all formats: books, magazines, CD's, DVD's and electronic/downloadable collection.

12/10/2010 4:55 PM
III-180. Schedule 18 - Operating Indicators by Function 10.xlsx

City of Glendale, Arizona
Capital Asset Statistics by Function/Program
Last Ten Fiscal Years

Function/Program

154

Police
Stations
Patrol vehicles
Fire stations
General government
City square miles
Landfill
Landfill capacity - south cell
Landfill capacity used - south cell
Other public works
Streets (miles)
Parks and recreation
Number of parks/retention basins
Acres of parks
Transit
Dial-A-Ride minibuses

Source: Various city departments

Schedule 19

2010

2009

2008

2007

Fiscal Year
2006
2005

2004

2003

2002

2001

3
157
9

3
159
9

3
158
9

3
157
9

3
156
9

3
156
9

3
151
8

3
156
8

3
150
7

3
92
7

59

59

58

57

57

57

57

57

56

55

21,666
18,529

21,666
18,126

22,594
17,776

22,594
17,358

22,594
16,790

22,594
16,328

22,594
15,910

22,594
15,408

22,594
14,669

16,351
14,060

736

736

736

736

733

709

702

702

692

660

100
2,189

99
2,199

99
2,125

95
2,125

92
2,058

92
2,052

93
1,998

89
1,984

89
1,984

89
1,984

22

23

22

22

25

25

22

19

17

21

City of Glendale, Arizona
Miscellaneous Water and Sewer Rate Statistics
June 30, 2010

Schedule 20

WATER RATES PER METER SIZE
Commercial and Residential Monthly Base Charge
Inside
Outside
City
City

Meter Size
(inch)

$

9.70
12.30
17.40
35.30
62.90
106.00
189.00
376.00
557.00
896.00
1,326.00

5/8
3/4
1
1 1/2
2
3
4
6
8
10
12

$

12.61
15.99
22.62
45.89
81.77
137.80
245.70
488.80
724.10
1,164.80
1,723.80

Residential

Commercial 3/4 inch Meter Size

Meter Size

and Greater (1)

Gallons per Month

All Year
Inside
Outside
City
City

All Year
Inside
Outside
City
City

0 - 6,000
7,000 - 15,000
16,000 - 30,000
over 31,000

$ 2.14
2.68
3.76
5.27

$ 2.28
2.28
2.28
2.28

$ 2.79
3.49
4.89
6.85

$ 2.97
2.97
2.97
2.97

Summer Excess Rate
Inside
Outside
City
City
$ 2.85
2.85
2.85
2.85

SEWER SERVICE RATES

Type of Service

Inside
City

Single Family Dwelling Unit
$ 34.83
Office Building
47.40
Apartment - Average 5 units
85.62
Apartment - Average 35 units
530.15
Retail/Wholesale
75.83
(1) Per 1,000 gallons
SOURCE: City of Glendale Finance Department as of October 2010

155

Outside
City
$ 36.96
N/A
80.58
85.27
N/A

$ 3.72
3.72
3.72
3.72

City of Glendale, Arizona
Miscellaneous Water and Sewer Statistics
June 30, 2010

Schedule 21

HISTORICAL AVERAGE NUMBER OF WATER ACCOUNTS (1)
Fiscal Year
Ending June 30
2001
2002
2003
2004
2005
2006
2007
2008

Commercial
4,649
5,197
5,431
4,361
4,491
4,650
5,305
5,411

Residential
51,169
52,736
53,654
54,349
55,139
55,354
55,395
54,396

(2)

Total
55,818
57,933
59,085
58,710
59,630
60,004
60,700
59,807

2009

(3)

53,523

5,556

59,079

2010

(4)

55,169

5,919

61,088

(1) Total meters in the system being read monthly. Slightly lower figure for active accounts due to vacant properties.
(2) Includes multi-family housing facilities.
(3) As of October 2009.
(4) As of October 2010.
SOURCE: City of Glendale Finance Department.

WATER DELIVERIES
Acre Feet
Calendar Year
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009

Residential (1)
35,135
34,667
36,044
34,348
34,427
33,567
34,660
34,594
32,278
31,457

(2)

Commercial
9,413
8,865
8,865
5,342
8,382
9,580
10,951
11,281
10,764
10,122

Other
893
722
1,031
1,042
1,211
5,636
3,730
3,937
2,818
5,606

Total
45,441
44,254
45,940
40,732
44,020
48,783
49,341
49,812
45,860
47,185

(1) Residential includes both single and multi-family housing.
(2) Starting in 2005, Other represents unbilled water and system loses.
SOURCE: Annual Report of Arizona Department of Water Resources.

SEWERAGE ACCOUNTS BILLED AND SEWAGE TREATED
Fiscal Year

No. of Sewer

Ending June 30
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009

Accounts Billed
50,564
52,688
55,506
55,239
55,670
55,995
56,737
54,662
54,936
56,709

Multi-City Plant
(MGD) Actual
11.7
11.4
11.9
10.8
7.9
8.2
8.2
7.8
6.8
6.8

(1) SROG - Sub Regional Operating Group
SOURCE: City of Glendale Finance and Utilities Departments.

156

(1)

Arrowhead

West

(MGD)
2.8
2.8
2.8
3.0
3.0
3.0
2.9
2.9
2.8
2.8

(MGD)
4.3
4.3
4.3
7.0
7.0
8.5
9.2
9.1
8.6
8.4

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City of Glendale
Finance Department
5850 West Glendale Avenue, Suite 302
Glendale, Arizona 85301
(623) 930-2480