Comprehensive Annual Financial Report Maricopa County Phoenix, Arizona For the Fiscal Year July 1, 2003 to June 30, 2004 Prepared By Department of Finance Tom Manos, Chief Financial Officer INTRODUCTORY SECTION Table of Contents Listing of Maricopa County Officials Organizational Charts Letter of Transmittal Citizens Audit Advisory Committee Letter Certificate of Achievement for Excellence in Financial Reporting Comprehensive Annual Financial Report Table of Contents For the Fiscal Year Ended June 30, 2004 Introductory Section Page Table of Contents Listing of Maricopa County Officials Organizational Charts Letter of Transmittal Maricopa County Citizens Audit Advisory Committee Letter Certificate of Achievement for Excellence in Financial Reporting i vi vii viii xi xii Financial Section Independent Auditors’ Report 1 Management’s Discussion and Analysis (MD&A) 3 Basic Financial Statements Definitions of Government-wide Financial Statements and Listing of Major Funds 21 Government-wide Financial Statements Statement of Net Assets Statement of Activities 23 24 Fund Financial Statements Governmental Funds Financial Statements Balance Sheet Statement of Revenues, Expenditures, and Changes in Fund Balances Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities 26 28 30 Proprietary Funds Financial Statements Statement of Net Assets Statement of Revenues, Expenses, and Changes in Fund Net Assets Statement of Cash Flows 32 34 36 Fiduciary Funds Financial Statements Statement of Fiduciary Net Assets Statement of Changes in Fiduciary Net Assets 38 39 Basic Financial Statements – Notes 43 Required Supplementary Information Budgetary Comparison Schedules – General Fund and Major Special Revenue Funds General Fund General Fund by Department Jail Operations Fund 83 84 85 i Table of Contents (Continued) For the Fiscal Year Ended June 30, 2004 Page Notes to Budgetary Comparison Schedules 86 Schedule of Agent Retirement Plans’ Funding Progress 88 Modified Approach for Infrastructure Assets 89 Combining and Individual Fund Statements and Schedules Listing of Nonmajor Governmental Funds 93 Governmental Funds Combining Balance Sheet – Nonmajor Governmental Funds Combining Statement of Revenues, Expenditures, and Changes in Fund Balances – Nonmajor Governmental Funds 100 118 Schedules of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual Special Revenue Funds Adult Probation Grants Fund Adult Probation Services Fund Animal Care and Control Fund Animal Care and Control Field Services Fund Animal Care and Control Grants and Donations Fund Bank One Ballpark Operations Fund CDBG Housing Trust Fund Child Support Automation Fund Child Support Enhancement Fund Children’s Issues Education Fund Clerk of Court EDMS Fund Clerk of Court Fill the Gap Fund Clerk of Court Grants Fund Clerk of Court Spousal Maintenance Enforcement Fund Conciliation Court Special Fund Correctional Health Grants Fund County Attorney Check Enforcement Program Fund County Attorney Criminal Justice Enhancement Fund County Attorney Drug Diversion Fund County Attorney Fill the Gap Fund County Attorney Grants Fund County Attorney Victim Compensation and Assistance Fund County Attorney Victim Compensation and Restitution Fund Court Automation Fund Document Retrieval Fund Domestic Relations Education Fund Economic Development Fund Emergency Management Fund Environmental Services Fund Environmental Services Environmental Health Fund Environmental Services Grants Fund ii 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 Table of Contents (Continued) For the Fiscal Year Ended June 30, 2004 Page Special Revenue Funds (Continued) Expedited Child Support Fund Flood Control Fund Flood Control Grants Fund General Government Grants Fund Human Services Grants Fund Juror Improvement Fund Justice Court Enhancement Fund Justice Court Grants Fund Justice Court Judicial Enhancement Fund Juvenile Probation Diversion Fees Fund Juvenile Probation Grants Fund Juvenile Probation Special Fees Fund Juvenile Restitution Fund Law Library Fund Legal Defender Fill the Gap Fund Library Fund Library Grants Fund Medical Examiner Grants Fund Old Courthouse Fund Palo Verde Fund Parks and Recreation Grants Fund Parks Donations Fund Parks Enhancement Fund Parks Lake Pleasant Fund Parks Souvenir Fund Parks Spur Cross Ranch Fund Planning and Development Fund Planning Project Fees Fund Probate Programs Fund Public Defender Fill the Gap Fund Public Defender Grants Fund Public Defender Training Fund Public Health Fund Public Health Pharmacy Fund Recorder’s Surcharge Fund Research and Reporting Fund RICO Fund Sheriff Donations Fund Sheriff Grants Fund Sheriff Inmate Health Services Fund Sheriff Special Funding Fund Stadium District Fund Superior Court Fill the Gap Fund Superior Court Grants Fund Superior Court Judicial Enhancement Fund Superior Court Special Fund Transportation Fund Transportation Grants Fund Victim Location Fund Waste Tire Program Fund iii 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 Table of Contents (Continued) For the Fiscal Year Ended June 30, 2004 Page Debt Service Funds General Obligation Fund Lease Revenue Fund Stadium District Fund 218 219 220 Capital Projects Funds Bank One Ballpark Project Reserve Fund County Improvement Fund Flood Control Capital Projects Fund General Fund County Improvement Fund Intergovernmental Capital Projects Fund Jail Construction Fund Major League Stadium Fund Transportation Capital Projects Fund Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects 221 222 223 224 225 226 227 228 229 Nonmajor Enterprise Fund Listing of Nonmajor Enterprise Fund Statement of Net Assets Statement of Revenues, Expenses, and Changes in Fund Net Assets Statement of Cash Flows 235 236 237 238 Internal Service Funds Listing of Internal Service Funds Combining Statement of Net Assets Combining Statement of Revenues, Expenses, and Changes in Net Assets Combining Statement of Cash Flows 241 242 244 246 Agency Fund Listing of Agency Fund Statement of Changes in Assets and Liabilities 251 252 Capital Assets Used in the Operation of Governmental Funds Comparative Schedules by Source Schedule by Function and Activity Schedule of Changes by Function and Activity 255 256 258 Statistical Section Net Assets by Component Changes in Net Assets Fund Balances, Governmental Funds Changes in Fund Balances, Governmental Funds Tax Revenues by Source, Governmental Funds Assessed Value and Estimated Market Value of Taxable Property Direct and Overlapping Property Tax Rates Principal Property Tax Payers Property Tax Levies and Collections Ratios of Outstanding Debt by Type iv 264 265 267 268 270 271 272 273 274 275 Table of Contents (Continued) For the Fiscal Year Ended June 30, 2004 Page Legal Debt Margin Information Pledged Revenue Coverage Demographic and Economic Statistics Principal Employers Budgeted Full-Time Equivalent County Employees by Function/Program Operating Indicators by Function/Program Capital Asset Statistics by Function/Program v 276 277 278 279 280 281 282 Maricopa County Officials BOARD OF SUPERVISORS Andrew Kunasek, Chairman, District 3 Fulton Brock, Chairman, District 1 Don Stapley, District 2 Max Wilson, District 4 Mary Rose Garrido Wilcox, District 5 ♦♦♦ COUNTY MANAGER David R. Smith ♦♦♦ CHIEF FINANCIAL OFFICER Tom Manos vi Organizational Charts Maricopa County Citizens Arizona Judicial Branch in Maricopa County Clerk Clerkofofthe theSuperior SuperiorCourt Court Superintendent Superintendentof of Schools Schools Constables Constables(23) (23) Elected/Court Elected/Court Officials Officials Appointed Trial TrialCourts, Courts,Maricopa MaricopaCounty County County CountyAttorney Attorney Juvenile JuvenileCourt Court Sheriff Sheriff Board Boardof ofSupervisors/Board Supervisors/Boardof of Directors Directorsfor forFlood FloodControl, Control, Library and Stadium Districts Library and Stadium Districts Clerk Clerkof ofCourt Court Superior SuperiorCourt CourtJudges Judgesand and Clerk of the Board Commissioners Commissioners Assessor Assessor Treasurer Treasurer Recorder Recorder Maricopa MaricopaCounty CountyJustice JusticeCourts Courts S.T.A.R. Call Center Elections Internal Audit Juvenile Court Center Adult Probation County Administrative Officer Superior Court Administration Justice Court Administration Deputy County Administrator Legal Defender Indigent Representation Public Defender Legal Advocacy Contract Counsel Integrated Criminal Justice Information Systems Office of Communications Maricopa Integrated Health System Deputy County Administrator Chief Financial Officer Chief Community Services Officer Chief Health Services Officer Regional Development Services Officer Information Technology Officer Management & Budget Finance Recreation Services Public Health Transportation Office of the C.I.O Human Resources Risk Management Library District Human Services Flood Control District Telecommunications Research & Reporting Materials Management Public Fiduciary Medical Examiner Facilities Management E-Government Technology General Government Real Estate Planning & Development Correctional Health Emergency Management Infrastructure Technology Center Stadium District Animal Care and Control Community Development Environmental Services Health Care Mandates Equipment Services Capital Facilities Dev. Planning & Development Solid Waste vii Customer Support Center Maricopa County County Administrative Office 301 West Jefferson Street 10th Floor Phoenix, AZ 85003-2143 Phone: 602-506-3571 Fax: 602-506-3328 www.maricopa.gov December 1, 2005 The Honorable Board of Supervisors Maricopa County County Administration Building 301 W. Jefferson Street Phoenix, AZ 85003 Arizona Revised Statute (ARS) §41-1279.21 requires the Office of the Auditor General to conduct financial audits of the accounts and records of County governments. Pursuant to the statute, the Office of the Auditor General audited the Comprehensive Annual Financial Report (CAFR) of Maricopa County in accordance with generally accepted auditing standards for the year ended June 30, 2004. This report consists of management’s representations concerning the finances of Maricopa County. Consequently, management assumes full responsibility of the completeness and reliability of all the information presented in this report. To provide a reasonable basis for making these representations, management of Maricopa County has established a comprehensive internal control framework that is designed both to protect the government’s asset from loss, theft, or misuse and to compile sufficient reliable information for preparation of Maricopa County’s financial statements in conformity to generally accepted accounting principles (GAAP). Because the cost of internal control should not outweigh their benefits, Maricopa County’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 goal of the independent audit was to provide reasonable assurance that the financial statements of Maricopa County for the fiscal year ended June 30, 2004, 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 auditor expressed a modified opinion on the Maricopa County financial statements for fiscal year ended June 30, 2004. The auditors concluded that the County did not maintain adequate controls for claims payment processing resulting in a disclaimer of opinion on three major enterprise funds, administered by the Maricopa Managed Care Systems, and business-type activities. The financial statements for the remaining opinion units were considered fairly presented in conformity with U.S. generally accepted accounting principles. The independent auditor’s report is presented as the first component of the financial section of this report. The independent audit of the financial statements of Maricopa County 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. This report is available in Maricopa County’s separately issued Single Audit Report. viii On June 30, 1980, Arizona voters approved general propositions amending the Arizona Constitution to establish expenditure and revenue limitations for local governments. The purpose of the expenditure limitation is to control expenditures and to limit future increases in spending to adjustments for inflation, deflation and population growth of the County. The Constitution also limits the amount of revenues that may be generated from property taxes. A two-percent plus new construction annual increase is the maximum allowed by law unless special voter approval is obtained. This report is available in Maricopa County’s separately issued Expenditure Limitation Report. 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 the MD&A, which can be found immediately following the report of the independent auditors. County Profile Maricopa County is located in the south-central portion of the State of Arizona. Maricopa County is considered to be the top growth area in the state, and one of the top growth areas in the country. Maricopa County occupies 9,222 square miles of which 1,441 square miles are incorporated. Maricopa County operates under a five member elected Board of Supervisors who appoints a County Manager. The County Manager is responsible for the general administration and overall operations of the various County departments. Maricopa County has several-elected officials including the Assessor, Clerk of the Superior Court, Constables, County Attorney, Recorder, Sheriff, Superintendent of Schools, and the Treasurer. Maricopa County includes in its financial statements all activities of the County and its component units. Component units are legally separate entities for which the County is considered to be financially accountable. See Note 1 to the Notes to the Financial Statements - Summary of Significant Accounting Policies for additional information. Maricopa County offers a wide variety of governmental services, including: • Justice and Law Enforcement: Clerk of the Superior Court, County Attorney, Superior Court, Juvenile Court, Justice Court, Sheriff’s Department, Indigent Representation and Public Fiduciary • Medical Services: Maricopa Medical Center, Health Plans, Public Health, Human Services and Forensic Science Center • Community Resources: Superintendent of Schools, Library District and Stadium District • Public Works: Flood Control District, Transportation Department and Solid Waste • County Administration: Board of Supervisors, County Administrator, Assessor’s Office, Clerk of the Board, Elections, Finance, Human Resources, Information Technology, Treasurer and Facilities Management The annual budget serves as the foundation for Maricopa County’s financial planning and control. Maricopa County is required by ARS §§42-17101 et. seq. to annually prepare and adopt a balanced budget. Arizona law further requires that no expenditure shall be made or liability incurred in excess of the amounts budgeted except as provided by law. Maricopa County’s annual budget is available on the Internet at the following address: http://www.maricopa.gov/budget/. ix xii FINANCIAL SECTION Independent Auditors’ Report Management’s Discussion and Analysis (MD&A) Basic Financial Statements Basic Financial Statements – Notes Required Supplementary Information Budgetary Comparison Schedules – General Fund and Major Special Revenue Fund Note to Budgetary Comparison Schedules Schedule of Agent Retirement Plans’ Funding Progress Modified Approach for Infrastructure Assets Other Supplementary Information Budgetary Comparison Schedules – Major Debt Service Funds and Schedule of Capital Projects – Budget and Actual Combining and Individual Fund Statements and Schedules Nonmajor Governmental Funds Nonmajor Enterprise Funds Internal Service Funds Agency Funds Capital Assets Schedules 1 Maricopa County Management’s Discussion and Analysis This discussion and analysis is intended to be an easily readable analysis of Maricopa County’s (County) financial activities based on currently known facts, decisions or conditions. This analysis focuses on current year activities and should be read in conjunction with the Transmittal Letter that begins on page viii and with the County’s basic financial statements following this section. Financial Highlights • The total assets of the County exceeded its liabilities at the close of the fiscal year by $2.5 billion (net assets). Of this amount, $417.3 million (unrestricted net assets) may be used to meet the County’s ongoing obligations to citizens and creditors. • The County’s total net assets as reported in the Statement of Activities increased by $220.2 million, a 9.6 percent increase over the prior period. Of this amount, $237.9 million is attributed to governmental activities and ($17.7) million is attributable to business-type activities. • The County’s governmental funds reported combined fund balances of $711.3 million, or an increase in fund balance of $37.3 million over the prior fiscal year. Approximately 95.1 percent of the combined fund balances or $676.5 million is available to meet the County’s current and future needs (unreserved fund balance). • Unreserved fund balance for the General Fund increased by 9.4 percent to $315.9 million; approximately 49.3 percent of total General Fund expenditures. In accordance with Arizona Revised Statutes (A.R.S.), this entire amount is budgeted to be spent in the next fiscal year. A.R.S. §42-17151 requires that total estimated sources of revenue must equal the total estimated expenditures in the budget for the current fiscal year. In addition, A.R.S. §42-17102 stipulates that the estimated expenditures may include an amount for unanticipated contingencies or emergencies. • The County’s proprietary funds reported combined total net assets of $108.4 million of which total unrestricted net assets were $19.7 million. Overview of the Financial Statements This discussion and analysis is intended to serve as an introduction to the County’s basic financial statements. The County’s basic financial statements consist of three components 1) Government-wide financial statements, 2) Fund financial statements, and 3) Notes to the basic financial statements. Required Supplementary Information is included in addition to the basic financial statements. The Combining and Individual Fund Statements and Schedules – Nonmajor Funds begin on page 100. Government-wide Financial Statements are designed to provide readers with a broad overview of the County’s finances, in a manner similar to private-sector businesses. • The Statement of Net Assets presents information on all County assets and liabilities, with the difference between the two reported as net assets. Over time, increases or decreases in net assets may serve as a useful indicator of whether the financial position of the County is improving or deteriorating. • The Statement of Activities presents information showing how 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 statement for some items that will result in cash flows in future fiscal periods (e.g., uncollected taxes and earned but unused vacation leave). 3 Maricopa County Management’s Discussion and Analysis Both of these government-wide financial statements distinguish functions of the County that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a portion of their costs through user fees and charges (business-type activities). The governmental activities of the County include general government; public safety; highways and streets; health, welfare and sanitation; culture and recreation; education; and interest on long-term debt. The business-type activities of the County include the Medical Center, Arizona Health Care Cost Containment System (AHCCCS)—Acute Health Care program, AHCCCS—Arizona Long-Term Care System (ALTCS) program, Non-AHCCCS health care programs (Senior Select and Health Select), and the other business-type activity (Solid Waste). Component units are legally separate entities for which the County is considered to be financially accountable. Blended component units, although legally separate entities, are in substance part of the County’s operations. Therefore, data from these units is combined with data of the primary government. Discretely presented component units, on the other hand, are reported in a separate column in the government-wide financial statements to emphasize they are legally separate from the County. The reporting entity is comprised of the primary government, Maricopa County Flood Control District, Maricopa County Library District, Maricopa County Public Finance Corporation, Maricopa County Special Assessment Districts, Maricopa County Stadium District, and the Maricopa County Street Lighting Districts. The Housing Authority of Maricopa County is reported as a discretely presented component unit. The Government-wide financial statements can be found on pages 23-25 of this report. Fund Financial Statements are groupings of related accounts that are used to maintain control over resources that have been segregated for specific activities or objectives. The County, like other state and local governments, uses fund accounting to ensure and demonstrate finance-related legal compliance. All of the funds of the County can be divided into three categories: governmental funds, proprietary funds and fiduciary 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 funds financial statements 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 county’s near-term financing requirements. Governmental funds include the general, special revenue, debt service, and capital projects funds. • 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 government’s near-term financing decisions. Both the governmental funds Balance Sheet and the governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The County reports four major governmental funds. Information is presented separately in the governmental funds Balance Sheet and in the governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances for the General, Jail Operations, General Obligation, and Lease Revenue funds. Data from the other governmental funds (nonmajor) are combined into a single, aggregated presentation. Individual fund data for each of these nonmajor governmental funds is provided in the form of combining statements, which begin on page 100 of this report. The governmental funds financial statements can be found on pages 26-29 of this report. 4 Maricopa County Management’s Discussion and Analysis • Proprietary funds are maintained two ways. Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The County uses enterprise funds to account for the Medical Center, AHCCCS—Acute Health Care program, AHCCCS—Arizona Long-Term Care System (ALTCS) program, and the Non-AHCCCS health care programs (Senior Select and Health Select). These four components comprise the Maricopa Managed Care Systems (MMCS). The County also reports the operations of Solid Waste as an enterprise fund. Internal service funds are an accounting device used to accumulate and allocate costs internally among the County’s various functions. The County uses internal service funds to account for its equipment services, telecommunications, reprographics, risk management, employee benefits trust, and sheriff warehouse functions. Because these services predominantly benefit governmental rather than business-type functions, they have been included within governmental activities in the government-wide financial statements. Fund financial statements for the proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. The Medical Center, AHCCCS—Acute Health Care program (Maricopa Health Plan Fund), AHCCCS—Arizona Long-Term Care System (ALTCS) program (ALTCS Fund), and Non-AHCCCS health care programs (Non-AHCCCS Health Plans Fund) operations are considered to be major funds of the County. Data for the Solid Waste Fund is reported in the other enterprise fund column. The County’s internal service funds are combined into a single, aggregated presentation in the proprietary funds financial statements. Individual fund data for the internal service funds is provided in the form of combining statements, which begin on page 242 of this report. The proprietary fund financial statements can be found on pages 32-37 of this report. • Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the government-wide financial statements because the resources of those funds are not available to support the County’s own programs. The accounting used for fiduciary funds is much like that used for proprietary funds. The fiduciary funds financial statements can be found on pages 38-39 of this report. Notes to the Financial Statements provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. The notes can be found on pages 44-79 of this report. Required Supplementary Information is presented concerning the County’s General Fund and Jail Operations Fund. A budgetary comparison schedule has been provided for both of these funds to demonstrate compliance with budget and additional information is provided by the Notes to Budgetary Comparison Schedules. Also presented is the schedule of funding progress for the County’s two agent retirement plans and infrastructure assets reported using the modified approach. Required supplementary information can be found on pages 83-89 of this report. Government-wide Financial Analysis This year is the third fiscal year that the County applied Governmental Accounting Standards Board (GASB) Statement No. 34. Net Assets As noted earlier, net assets may serve over time as a useful indicator of a government’s financial position. The following table reflects the condensed Statement of Net Assets of the County for June 30, 2004, as compared to the prior year. 5 Maricopa County Management’s Discussion and Analysis Statement of Net Assets As of June 30 (in millions) Governmental Activities 2004 2003* Current and other assets Capital assets Total assets Current liabilities Long-term liabilities Total liabilities Net assets Invested in capital assets, net of related debt Restricted Unrestricted Total net assets $ 915.2 1,900.4 2,815.6 $ Business-type Activities 2004 2003 Total 2004 2003 % Chg 8.4% 8.4 8.4 868.7 1,734.5 2,603.2 $ 183.6 96.7 280.3 $ 144.5 107.0 251.5 $ 1,098.8 1,997.1 3,095.9 $ 1,013.2 1,841.5 2,854.7 140.0 262.2 402.2 138.0 289.7 427.7 137.0 34.9 171.9 85.9 39.5 125.4 277.0 297.1 574.1 223.9 329.2 553.1 1,811.3 204.5 397.6 $ 2,413.4 1,611.8 168.5 395.2 $ 2,175.5 72.4 16.3 19.7 $ 108.4 75.7 44.0 6.4 $ 126.1 1,883.7 220.8 417.3 $ 2,521.8 1,687.5 212.5 401.6 $ 2,301.6 23.7 (9.8) 3.8 11.6 3.9 3.9 9.6 * The governmental activities amounts for fiscal year 2003 were adjusted for a change in the reporting entity (see Note 3 to the financial statements for clarification). In addition, the classification of net assets for governmental activities for fiscal year 2003 was adjusted for prior period corrections. The governmental activities total net assets at June 30, 2004, increased from the adjusted fiscal year 2003 balance by $237.9 or 10.9 percent due primarily to an increase in capital assets. The majority of the increase in total assets and net assets is attributable to the ongoing construction in the Jail Construction Fund. The Jail Construction Fund expended over $77.8 million in capital outlay for the fiscal year ended June 30, 2004. A large portion of the remaining increase can be attributed to the capital projects of the Flood Control District and the Transportation Department that were expended through the Flood Control Capital Projects Fund and the Transportation Capital Projects Fund – see pages 134 and 135 of the nonmajor governmental funds combining statements. The governmental activities total liabilities at June 30, 2004, experienced a net decrease of $25.5 million from the adjusted fiscal year 2003 balance. The majority of the decrease is related to the long-term liabilities, specifically those related to debt service payments for general obligation bonds, lease revenue bonds, certificates of participation and capital leases. See Note 12 to the financial statements for additional information. The business-type activities total net assets decreased from the prior year by $17.7 million. The businesstype activities account for only 4.3 percent of the government-wide total net assets. Business-type activities total assets increased by $28.8 million and total liabilities increased by $46.5 million resulting in a decrease of total net assets of $17.7 million. The significant increases in assets were from the Maricopa Health Plan Fund and the ALTCS Fund that collectively had an increase in accounts receivable of $19.6 million and an increase in prepaid assets of $12.8 million. Accounts receivable increased due to the receivables from AHCCCS that will be finalized upon correction of data by MMCS. Prepaid assets increases are the result of prepayment of health care providers due to the inability to properly process claims. Although total assets increased, cash and investments held by the County Treasurer had decreased by $20.1 million. Additionally, internal balances for the business-type activities changed from fiscal year 2003 of ($47.3) million to ($10.6) million as reported in fiscal year 2004. The improvement in internal balances was primarily from an improved cash position in the Medical Center Fund which had a cash deficit of $47.3 million in fiscal year 2003 to a $21.9 million deficit in fiscal year 2004 or an improved 6 Maricopa County Management’s Discussion and Analysis change of $25.4 million. Total liabilities increased due to significant delays in claims processing for the Maricopa Health Plan Fund, ALTCS Fund and the Non-AHCCCS Fund. See proprietary funds page 32 for additional information. At June 30, 2004, the County’s combined governmental activities and business-type activities assets exceeded liabilities by $2.5 billion. Total net assets increased over the prior period by $220.2 million or 9.6 percent. The governmental activities comprise 108.0 percent of the increase from the prior year. The increase for governmental activities can be attributed to the significant increase in the County’s capital assets, and the reduction of the County’s long-term liabilities, as discussed previously. Net assets consist of three components. By far, the largest portion - $1.9 billion or 74.7 percent - of the County’s net assets reflects the investment in capital assets (e.g., land, buildings and improvements, machinery and equipment, infrastructure and construction in progress), less any related debt used to acquire those assets that is still outstanding. The governmental activities comprise 96.2 percent of this component of net assets. The County uses these capital assets to provide services to its citizens; consequently, these assets are not available for future spending. Although the County’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. This component of net assets for governmental activities increased by $199.5 million due to the County’s investment in its capital assets, particularly the construction related to the adult and juvenile facilities (Jail Construction Fund) that were approved by the voters in 1998, and other construction project expenditures from the County’s Flood Control and Transportation capital project funds. The second component from the County’s total net assets, $220.8 million or approximately 8.8 percent, represents resources that are subject to external restrictions on how they may be used. The governmental activities comprise 92.6 percent of this component of net assets. This component increased for governmental activities by $36.0 million and business-type activities decreased by $27.7 million, for a net change of $8.3 million. The final component consists of unrestricted net assets, $417.3 million or 16.5 percent, and may be used to meet the County’s ongoing obligations. The governmental activities comprise 95.3 percent of this component. Unrestricted net assets for governmental activities increased from fiscal year 2003 by $2.4 million, or .6 percent. Changes in Net Assets As discussed previously, the County’s total net assets of $2.5 billion increased by $220.2 million as reported in the Statement of Activities. Of this amount, $237.9 million, or 108.0 percent, is attributable to governmental activities, and ($17.7) million is related to business-type activities. The increase in total net assets for governmental activities resulted primarily from an increase in net capital assets due to significant capital projects during the fiscal year. The net assets invested in capital assets increased for the amount of current year capital expenditures and will decrease in future years as the capital assets are depreciated over their useful lives. The decrease in total net assets for business-type activities was primary due to the net operating losses incurred by the Maricopa Health Plan Fund of ($24.9) million, ALTCS Fund of ($9.1) million and the Non-AHCCCS Health Plans Fund of ($10.0) million. The losses are primarily attributed to increases in medical expenses for the current fiscal year, processed claims related to fiscal year 2003, potential payment errors to providers such as duplicate payments and incorrect fee schedules. Potential payment errors are being reviewed by County officials. The following table reflects the condensed Statement of Activities of the County for the fiscal year 2004 compared to the prior year and indicates the changes in net assets for Governmental and Business-type Activities: 7 Maricopa County Management’s Discussion and Analysis Statement of Activities For the Fiscal Year Ended June 30, 2004 (in millions) Governmental Business-type Activities 2004 Activities 2003* 2004 Total 2003 % Chg 2004 2003 P/Y Revenues: Program revenues: Charges for services 134.0 $ 813.1 $ 760.9 $ 959.2 894.9 7.2% 294.3 290.0 6.7 6.9 301.0 296.9 1.4 18.9 44.3 18.9 44.3 (57.3) Taxes 1,000.1 915.1 1,000.1 915.1 9.3 Other 14.3 21.3 .8 2.6 15.1 23.9 (36.8) 1,473.7 1,404.7 820.6 770.4 2,294.3 2,175.1 5.5 General government 185.5 181.3 185.5 181.3 2.3 Public safety 581.4 506.6 581.4 506.6 14.8 Health, welfare and sanitation 332.4 321.7 332.4 321.7 3.3 99.8 107.3 99.8 107.3 (7.0) Operating grants and contributions Capital grants and contributions $ 146.1 $ $ General revenues: Total Revenues Expenses: Other Medical Center 372.0 366.4 372.0 366.4 1.5 AHCCCS–-Acute Health Care program 167.4 109.1 167.4 109.1 53.4 AHCCCS–-ALTCS program 273.2 233.0 273.2 233.0 17.3 82.7 75.0 82.7 75.0 10.3 1.3 1.6 1.3 1.6 (18.8) 2,095.7 1,902.0 198.6 273.1 (27.3) 21.6 13.3 62.4 (23.1) Non-AHCCCS health care programs Other business-type activities Total Expenses 1,199.1 1,116.9 896.6 785.1 274.6 287.8 (76.0) (14.7) 10.2 Excess (deficiency) before gain (loss) on disposal of capital assets and transfers Gain (loss) on disposal of capital assets Transfers Change in net assets Net assets – beginning Net assets – ending 21.6 13.3 (58.3) (16.5) 237.9 58.3 16.5 284.6 (17.7) 1.8 220.2 286.4 2,175.5 1,890.9 126.1 124.3 2,301.6 2,015.2 14.2 $ 2,413.4 $ 2,175.5 $ 108.4 $ 126.1 $ 2,521.8 $ 2,301.6 9.6 * The governmental activities amounts for fiscal year 2003 were adjusted (see Note 3 to the financial statements for clarification). 8 Maricopa County Management’s Discussion and Analysis Governmental Activities In the government-wide statements statement of activities the significant revenues reported included taxes (County levied, general sales and vehicle license taxes) and operating grants. Taxes represent 67.9 percent of total governmental activities revenues for fiscal year 2004. Taxes revenues increased by $85 million from property taxes levied of $42.9 million, other County levied taxes of $8.8 million and sales taxes of $27.8 million. The taxes and operating revenues provide the principal support for the functions of the County that include general government; public safety; highways and streets; health, welfare and sanitation; culture and recreation; and education. The functions of highways and streets, culture and recreation, and education are shown in the condensed Statement of Activities as other expenses. In the current fiscal year, the County’s total net assets increased by $220.2 million. Governmental activities of the County contributed $237.9 million or 108.0 percent to this increase. The majority of this increase is attributable to the following: One of the main differences a reader will see between the governmental funds reported in the fund financial statements and the Statement of Activities is that governmental funds in the fund financial statements 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 expense. Capital outlay expenditures exceeded depreciation expense in the current period by $212.9 million. Total governmental activities expenses increased by $82.2 million, or 7.4 percent, over the prior period resulting in an offsetting decrease in net assets. The largest increase is from the public safety function and includes the Jail Operations Fund of $36.8 million, Sheriff (General Fund) of $5.6, County Attorney (General Fund) of $7.3 million and the Flood Control Fund (nonmajor special revenue fund) of $5.1 million. Increases in fiscal year 2004 expenditures for the Jail Operations Fund consist of correctional health of $4.7 million, juvenile probation of $4.2 million, sheriff detention of $17.2 million and other services of $10.7 million. Business-Type Activities As discussed earlier, the business-type activities of the County include the Medical Center, AHCCCS— Acute Health Care program, AHCCCS—Arizona Long-Term Care System (ALTCS) program, the NonAHCCCS health care programs (Senior Select and Health Select) – these four components are the Maricopa Integrated Health System – and Solid Waste. Business-type activities total net assets decreased by $17.7 million. The Maricopa Integrated Health System and the Solid Waste Fund contributes only a small percent to the total County net assets even though it comprises approximately 35.8 percent and 42.8 percent of the County’s revenues and expenses, respectively. The change in net assets is a significant indicator to the profitability of the County’s business-type activities. The Maricopa Integrated Health System makes up 94.8 percent of the net assets of the business-type activities. Business-type revenues increased $50.2 million while expenses increased $111.5 million from the prior year. The majority of the increase in revenues was for charges for net patient service revenues attributable to the Medical Center ($45.7 million) that resulted primarily from an increase in patient population growth of 8 percent and a 10 percent increase in patient charges. The increase in businesstype expenses was applicable to the Maricopa Health Plan Fund and the ALTCS Fund from an increase in medical expenses for the current fiscal year, prior year claims processed in the current fiscal year, increase in administrative costs and potential claim payment errors that are being reviewed by County officials. The overall decrease in business-type net assets of $17.7 million resulted from an increase in expenses that exceeded revenues. Financial Analysis of the County’s Funds As noted earlier, the County uses fund accounting to ensure and demonstrate compliance with financerelated legal requirements. 9 Maricopa County Management’s Discussion and Analysis Governmental Funds. Governmental activities are contained in the general, special revenue, debt service, and capital projects funds. The focus of the County’s governmental funds is to provide information on near-term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the County’s financing requirements. In particular, unreserved fund balance may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year. As of June 30, 2004, the governmental funds reported combined fund balances of $711.3 million and an increase in fund balance of $37.3 million over the prior fiscal year. Approximately 96.5 percent of the combined fund balances or $686.5 million is available to meet the County’s current and future needs (unreserved fund balance). The remaining fund balance is reserved for inventories, advances and debt service. The following funds are the County’s major governmental funds: The General Fund is the County’s primary operating fund. At the end of the current fiscal year, unreserved fund balance of the General Fund was $315.9 million, while total fund balance reached $318.3. This represents an increase in unreserved fund balance from the prior year of $27.1 million, or 9.4 percent. This increase can be attributed to significant savings in the General Fund for general government and health, welfare and sanitation expenditures. The savings are due to lower than anticipated payouts for hospital pre-AHCCCS claims settlements. In addition, spending from contingency funds was less than anticipated in the General Government Department. As a measure of the General Fund’s liquidity, it may be useful to compare both unreserved fund balance and total fund balance to the total fund expenditures. Unreserved fund balance represents 49.3 percent of the total fiscal year 2004 General Fund expenditures, while total fund balance represents 49.7 percent of that same amount. These ratios indicate a strong fund balance position in comparison to expenditures. The Jail Operations Fund is a special revenue fund that was established under the authority of propositions 400 and 401, which were passed in the General Election of November 3, 1998. These propositions authorized a temporary 1/5 of one-cent sales tax to be used for the construction and operation of adult and juvenile detention facilities. On November 5, 2002, the voters approved the extension of the 1/5 of one-cent sales tax in the General Election to be used for jail facility operations. The extension begins in the month following the expiration of the original tax and may continue for not more than twenty years after the date the tax collection begins. The Jail Operations Fund accounts for the jail tax revenue along with transfers from the General Fund for maintenance of effort (MOE). The MOE transfer from the General Fund is used to support the jail detention operations. Arizona Revised Statutes require the County to calculate the maintenance of effort transfer on an annual basis. The Jail Operations Fund transfers monies to the Jail Construction Fund for the construction of the jail facilities. At the end of the current fiscal year, total fund balance of the Jail Operations Fund was $61.5 million, of which more than 99 percent is unreserved. This was an increase in total fund balance of $27.6 million, or 81.5 percent, from the prior fiscal year. Although the fund had more expenditures than revenues by $44.5 million, the increase in fund balance can be partially attributed to net transfers of $72.3 million, which was a net increase of $49.6 million over the prior year. Transfers from the General Fund for maintenance of effort were $120.9 million while transfers to the Jail Construction Fund were $48.6 million. The amount to be transferred to the Jail Construction Fund for any given year is determined through the budget planning process and tied to the jail tax collection projections and construction schedules. The General Obligation Fund is a debt service fund that accounts for debt service on all various purpose general obligation bonds. Funding is provided by the County’s secondary property tax revenues, which may be used only for debt service. On July 1, 2004, the County will pay off the remaining $20.165 million in general obligation bonds. 10 Maricopa County Management’s Discussion and Analysis The Lease Revenue Fund is a debt service fund that accounts for the debt service on the Lease Revenue Bonds, Series 2001 and the Lease Revenue Refunding Bonds, Series 2003. The fund balance is set aside for future debt service on the Lease Revenue Bonds, Series 2001 and each year the fund balance will be reduced by the annual debt service payment until the debt is satisfied. Funding for the Lease Revenue Refunding Bonds, Series 2003 will be provided by transfers from the General Fund departments who benefited by the refunding bond issue. At the end of the current fiscal year, unreserved fund balance of the Lease Revenue Fund was $74.3 million, while total fund balance was $85.0 million. The following table presents the amount of all governmental funds revenues from various sources as well as increases or decreases from the prior year. Revenues by Source Taxes Intergovernmental Other Totals Revenues Classified by Source Governmental Funds (in millions) 2004 2003* Percent Percent Amount of Total Amount of Total $ 524.8 36% $ 474.9 34% 779.0 53 730.8 53 173.0 11 173.3 13 100% $ 1,379.0 100% $ 1,476.8 Increase/(Decrease) % Chg Amount P/Y $ 49.9 10.5% 48.2 6.6 (.3) (.2) $ 97.8 7.1 * The fiscal year 2003 revenues classified by source for governmental funds were adjusted for a change in the reporting entity (see Note 3 to the financial statements for clarification). During fiscal year 2004, the County experienced an increase in governmental revenues from the previous year of $97.8 million, a 7.1 percent increase. Tax revenues increased primarily from property tax revenue. Although the County did not increase the property tax levy rate, an increase in the assessed value and new housing resulted in an additional $43.0 million in revenue. An increase in intergovernmental revenues was from an increase in the sales tax apportionment of $28 million and vehicle license tax apportionment of $12.5 million as reported in the General Fund. The following table presents the amount of all governmental funds expenditures by function compared to prior year amounts. Expenditures by Function Governmental Funds (in millions) 2004 Expenditures by Function General government Public safety Health, welfare and sanitation Capital outlay Other Totals Amount 118.2 563.7 331.0 248.5 124.2 $ 1,385.6 $ 2003* Percent of Total 8% 41 24 18 9 100% Amount 114.2 493.4 317.8 313.9 125.1 $ 1,364.4 $ Increase/(Decrease) Percent of Total 9% 36 23 23 9 100% Amount 4.0 70.3 13.2 (65.4) (.9) $ 21.2 $ % Chg P/Y 3.5% 14.2 4.2 (20.8) (1.0) 1.6 * The fiscal year 2003 expenditures by function for governmental funds were adjusted for a change in the reporting entity (see Note 3 to the financial statements for clarification). 11 Maricopa County Management’s Discussion and Analysis Expenditures from governmental fund types for fiscal year 2004 increased by $21.2 million, a 1.6% increase from the prior year. The most significant changes were in public safety expenditures that have increased by $70.3 million, while capital outlay expenditures decreased by $65.4 million from the previous year. The increase in public safety is related to operating expenditures associated with the jail facilities of $36.8 million (Jail Operations Fund) that include increases for correctional health services of $4.7 million, juvenile probation of $4.2 million, health care mandates of $6.1 million and sheriff detention services of $17.2 million. Additional increases in operating expenditures were related to the Sheriff Department (General Fund) of $5.6 million and the County Attorney (General Fund) of $7.3 million. During fiscal year 2004, capital outlay decreased $65.4 million to $248.5 million, or 20.8 percent. The decrease is primarily related to the County’s capital projects relating to the jail detention facilities that will be completed in fiscal year 2005. Proprietary funds. The County’s proprietary funds (enterprise funds) provide the same information found in the government-wide financial statements (business-type activities), but in more detail. Internal Service Funds, although proprietary funds, are not included in the following section. The following funds are the County’s major enterprise funds: The Medical Center Fund provides quality, cost competitive health care and health professional education to assure the health security of individuals, families, and the community. During fiscal year 2004, the Fund had an operating income of $10.9 million, which is an increase of $40.3 million from the prior year. Operating revenues increased by $46.2 million or 13.8 percent while operating expenses increased by only 1.6 percent. The increase of $40.3 million in operating income from the last fiscal year resulted primarily from an approximate 8% patient population growth rate and a 10% rate increase for patient services. In addition, the Medical Center received approximately $12.7 million and $4.6 million from the Maricopa County Health Plans and the Correctional Health Department, respectively, for prior years’ patient receivables that had been previously written off as debt expense resulting in a reduction in current year operating expenses. The Maricopa Health Plan (MHP) Fund is an acute health care program operated by Maricopa Managed Care Systems (MMCS). MMCS contracts with the Arizona Health Care Cost Containment System (AHCCCS), which provides monthly capitation revenues based on AHCCCS—Acute Health Care program enrollment. Operating revenues increased by 19.4 percent due primarily to an increase in membership. Operating expenses increased 51.6 percent mostly due to a $44.8 million or a 43.3 percent increase in medical expenses. The increase in medical expenses resulted from increased membership, claims paid pertaining to the previous fiscal year, and potential payment errors to providers such as duplicate payments and incorrect fee schedules. Operating expenses were also increased by bad debt costs due to potentially incorrect claim payments of $9.2 million and increased administrative costs of $2.4 million. The MHP Fund had a $27.1 million operating loss for fiscal year 2004. During fiscal year 2004, the County General Fund transferred $3.9 million as a subsidy. The Fund’s fiscal year-end net assets balance decreased $24.9 million to ($11.3) million from the prior year-end. The reduction in net assets is primarily attributable to the operating loss. The Arizona Long-Term Care System (ALTCS) Fund is a managed care, long-term care program operated by Maricopa Managed Care Systems (MMCS). Chronically ill and physically disabled patients receive medical services as a result of an annual contract with the Arizona Health Care Cost Containment System (AHCCCS). The ALTCS Fund had a 2.4 percent decrease in operating revenues and a 16 percent increase in operating expenses from the prior year resulting in a $35.4 million operating loss for fiscal year 2004. During the fiscal year, the County General Fund transferred $29.3 million as a subsidy. The Fund’s fiscal year-end net assets balance decreased $9.1 million to $17.2 million from the prior yearend. The reduction in net assets is attributable to a $40.2 million increase in total expenses from the prior year, primarily medical expenses of $22.9 million, administrative expenses of $3.3 million and bad debt expenses of $10.1 million due to potentially incorrect claim payments. 12 Maricopa County Management’s Discussion and Analysis The Non-AHCCCS Health Plans Fund accounts for two health care programs; Health Select is a managed health care program offered to employees, spouses and their families and Senior Select is a Medicare program operating under contract with the Federal government. The Non-AHCCCS operating revenues decreased by $10.9 million or 14.4 percent from the prior year primarily due to the transfer of the Health Select program effective January 1, 2004, to the Employee Benefits Trust Fund (Internal Service Fund). Operating expenses increased $7.7 million or 10.3 percent resulting from the delay and problems associated with processing claims and the high demand for Senior Select services. This resulted in the Non-AHCCCS Health Plans Fund operating loss of $23.1 million for fiscal year 2004. During the fiscal year, the County General Fund transferred $11.7 million as a subsidy. The Fund’s fiscal year-end net assets balance decreased $10.0 million from the prior year to ($10.0) million at the current year-end. The following table shows actual revenues, expenses and results of operations for the current fiscal year for all proprietary funds (enterprise funds). Statement of Revenues, Expenses and Changes in Fund Net Assets Proprietary Funds (in millions) 2004 Operating revenues Operating expenses Operating loss Nonoperating revenues (expenses), net Loss before transfers Transfers, net Change in net assets $ $ 813.1 888.9 (75.8) (.2) (76.0) 58.3 (17.7) Increase/(Decrease) Amount % Chg P/Y 2003 $ $ 760.9 782.4 (21.5) 6.8 (14.7) 16.5 1.8 $ $ 52.2 106.5 (54.3) (7.0) (61.3) 41.8 (19.5) 6.9% 13.6 252.6 (102.9) 417.0 253.3 (1,083.3) At June 30, 2004, the net assets for the proprietary funds (business-type activities) decreased by $19.5 million. The Maricopa Integrated Health System makes up 94.8 percent of the net assets of the businesstype activities. The Maricopa Integrated Health System accounts for only 4.1 percent of the County’s total net assets even though it comprises approximately 35.5 percent and 39.1 percent of the County’s revenues and expenses, respectively. The net loss before transfers for the proprietary funds of $76.0 million resulted primarily from net losses of more than $28.8 million from the Maricopa Health Plan Fund, $38.4 million from the ALTCS Fund and $21.7 million from the Non-AHCCCS Health Plans Fund. The losses were attributed to higher expenses for medical claims related to an increase in membership for the Maricopa Health Plan and Non-AHCCCS Senior Select Plan, claim processing delays resulting in some prior years claims being paid in the current year, duplicate payments, and overpayments. The problems with the claims processing resulted in bad debt expense of approximately $20 million. The losses were partially offset by income from the Medical Center Fund before transfers of $13.9 million. The County General Fund transferred $60.2 million in operating subsidies to the Medical Center and the various health care programs. Subsequent to June 30, 2004, the Medical Center was transferred to the voter approved Special Health Care District. In addition, effective December 31, 2004, the Senior Select health care program was discontinued by the County, and effective September 30, 2005, the AHCCCS—Acute Health Care program and the AHCCCS—ALTCS health care program were discontinued by the County. The County is liable for the outstanding liabilities prior to the discontinued operations of these health care programs. Additional information can be found in the notes to the financial statements (Note 21- Subsequent Events). 13 Maricopa County Management’s Discussion and Analysis General Fund Budgetary Highlights The difference between the original budget and the final amended budget for the General Fund resulted in a negligible change for revenue but a decrease in expenditures of $60.3 million. The expenditures were mostly reclassified to transfers out in the amount of $47 million and were used to subsidize the County health care programs. Significant favorable expenditure variances as compared to the budget were incurred in the General Government Department (general government function) and the Health Care Mandates Department (health, welfare and sanitation function) of $105 million. The savings for health, welfare and sanitation expenditures were due to lower than anticipated payouts for hospital pre-AHCCCS claims settlements and the General Government Department had less expenditures from amounts set aside for contingencies and reserves. Capital Assets and Long-Term Liabilities Capital Assets The County’s capital assets balance for its governmental and business-type activities as of June 30, 2004, amounted to almost $2.0 billion (net of accumulated depreciation). Capital assets include land, buildings and improvements, infrastructure, machinery and equipment, and construction in progress. The net increase of $155.5 million in the County’s capital assets balance for the current period was 8.4 percent. The most significant impact on the increase in capital assets for the fiscal year ended June 30, 2004, was the ongoing construction of the adult and juvenile detention facilities. For these facilities, current year expenditures were $77.8 million. During fiscal year 2004, many of the capital projects relating to the jail facilities and reported in prior years as construction in progress were capitalized as completed capital assets. This accounts for the majority of the change between buildings net of accumulated depreciation and construction in progress. The Transportation Department and the Flood Control District provided a net addition to capital assets including land, construction in progress and completed infrastructure of $47.3 million and $32.0 million, respectively. Capital assets for the governmental and business-type activities are presented below (in millions) to illustrate changes from the prior year: Governmental Activities 2004 Land $ Infrastructure Business-type Activities 2003* 268.0 $ 230.6 2004 $ 2.9 Total 2003 $ 2.9 2004 $ % Chg 2003 270.9 $ P/Y 233.5 16.0% 456.5 413.0 10.5 1,007.9 657.7 53.2 456.5 413.0 950.0 594.7 57.9 63.0 57.3 51.0 27.0 33.7 84.3 84.7 (.5) 168.5 445.1 8.9 7.4 177.4 452.5 (60.8) .1 .1 107.0 $ 1,997.1 $ 1,841.5 Buildings and improvements (net of accumulated depreciation) Machinery and equipment (net of accumulated depreciation) Construction in progress Infrastructure (net of accumulated depreciation) Totals .1 .1 $ 1,900.4 $ 1,734.5 $ 96.7 $ 8.4 * The governmental activities capital assets for fiscal year 2003 were adjusted (see Note 3 and Note 10 to the financial statements for clarification). The County reported infrastructure assets acquired in the government-wide financial statements, as required by GASB Statement No. 34. Infrastructure additions are reported in capital outlay expenditures within the Transportation Capital Projects Fund and the Flood Control Capital Projects Fund. GASB Statement No. 34 also requires the retroactive reporting of all infrastructure assets acquired prior to July 1, 14 Maricopa County Management’s Discussion and Analysis 2001, to be reported by the fiscal year ending June 30, 2006. All current and prior years’ infrastructure assets of the Transportation Department are reported on the government-wide financial statements. Infrastructure assets acquired prior to July 1, 2001, are reported at estimated historical cost. Infrastructure assets acquired subsequent to that date are reported at historical cost. For the Flood Control District, only infrastructure assets acquired after July 1, 2001, are reported and these assets are reported at historical cost. The Transportation Department infrastructure assets consist of a roadway system and a bridge system. Both systems are reported under the modified approach, which means the County will maintain the assets using an asset management system and will document that the infrastructure assets are being preserved at the established condition level. The Flood Control District accounts for the remaining infrastructure assets, which consists of drainage systems, dams, flood channels and canals. Of the total Flood Control District infrastructure assets reported on the financial statements, $140,511 (net of accumulated depreciation) represents completed projects as of June 30, 2004. At June 30, 2004, the County’s infrastructure assets totaled $703.8 million reported on the governmentwide financial statements as infrastructure - $456.6 million, construction in progress - $85.0 million and land associated with infrastructure assets - $162.2 million. Additional information regarding infrastructure assets can be found in the Notes to the Financial Statements (Note 1 - Summary of Significant Accounting Policies and Note 10 - Capital Assets), and in the Required Supplementary Information Modified Approach for Infrastructure Assets page 89. Long-Term Liabilities At June 30, 2004, the County had total long-term liabilities (noncurrent liabilities due within one year and more than one year) outstanding of $297.0 million, which represents a $32.1 million decrease from the restated prior year balance of $329.1 million. The restatement was necessary for governmental activities to eliminate the activity associated with the Housing Authority of Maricopa County. Effective July 1, 2003, the Housing Department (nonmajor governmental fund) became the Housing Authority of Maricopa County and will be reported as a discretely presented component unit. In addition, the Housing Authority wrote off all amounts applicable to the Authority bonds and loans of $50,811 and $1,641,310, respectively, in accordance with the Department of Housing and Urban Development (HUD) GAAP Flyer No. 4 which states that HUD and not the Housing Authority is directly obligated for the debt. See Note 2 – Reporting Changes, Note 3 – Beginning Balances Restated and Note 12 - Long-Term Liabilities to the Financial Statements for additional information. The majority of the decrease is attributable to debt service payments made during fiscal year 2004 for the County’s general obligation bonds ($19.3 million), Stadium District revenue bonds ($2 million), certificates of participation payable ($10.9 million), and a net decrease in capital lease agreements ($8.6 million). The largest components of long-term liabilities at June 30, 2004, consisted of General Obligation Bonds - $20,165,000, Lease Revenue Bonds - $110,240,000, Stadium District Revenue Bonds - $55,225,000, claims and judgments payable - $19,990,000 and reported claims and incurred but not reported claims - $47,671,763. On December 3, 2003, the Maricopa County Public Finance Corporation issued $16,880,000 of Lease Revenue Refunding Bonds to refund various certificates of participation, series 2000, 1996, 1994, and 1993 totaling $10,074,452, and capital leases and an installment purchase contract totaling $11,104,817. The County contributed $4,461,354 to facilitate the refunding. As a result of the current refunding, the County reduced its total debt service requirements by $2,692,948, which resulted in an economic gain of $1,234,420. (See Note 12 – Long Term Liabilities for additional information). On November 11, 2003, Fitch upgraded the County’s general obligation bond rating to AA+ from AA. Fitch also upgraded the County’s certificate of participation and lease revenue bond ratings to AA from AA-. The following has been excerpted from the November 11, 2003, Fitch Press Release: 15 Maricopa County Management’s Discussion and Analysis “The upgrades are based on the imminent transfer of the county's health care delivery system to a separate voter-approved special health district with its own property tax levy. Although they've improved recently, the health care system's finances represented a potential fiscal liability to the county's general fund in the event it should require larger operating subsidies to remain operational. The upgrades also reflect continued financial improvement despite slower growth in the county's predominant revenue source, a record of continued economic growth and diversification, successful fiscal reforms, and the county's very modest debt profile. Although taxes derived from consumer spending have slowed over the last two fiscal years, the property tax base has still demonstrated healthy increases. Sound fiscal stewardship has enabled the county to meet the service delivery demands of a burgeoning populace while accumulating significant financial resources. These reserves provide the county with vast flexibility to maintain its modest debt profile by financing its capital needs from available resources.” General obligation bonds are paid from the secondary property tax levy. At June 30, 2004, net general obligation debt was $20,165,000 (0.07% of taxable property), while the statutory allowable 6 percent limit was $1,648,679,252 and the voter approved 15 percent limit was $4,121,698,129. On July 1, 2004, the County will make the final debt service payment on its general obligation bonds. Lease revenue bonds applicable to governmental activities are paid from the Lease Revenue Fund (debt service fund) that was funded in prior years by transfers from the General Fund and is predominantly unrestricted. At June 30, 2004, the fund balance in the Lease Revenue Fund to pay future liabilities was $85,005,685. Proceeds from the bonds are currently being used for capital projects. Stadium District revenue bonds are special obligations of the District. The bonds are payable solely from pledged revenues, consisting of car rental surcharges levied and collected by the Stadium District pursuant to A.R.S. §48-4234. On June 5, 2002, the Stadium District issued Revenue Refunding Bonds in the amount of $58,225,000 (par value) of which $55,225,000 remains outstanding. Claims and judgments payable of $19.99 million are estimated long-term liabilities for claims pertaining to environmental liabilities and indigent health care litigation. Claims and judgments payable increased by $4.0 million from the prior year primarily related to environmental liabilities. Claims are judgments payable are paid from the General Fund. Reported and incurred but not reported claims applicable to governmental activities of $47.7 million are reported in the Risk Management and Employee Benefits Trust funds (internal service funds). This is an increase of $4.2 million from the prior year primarily related to medical claims from the Health Select medical and related pharmacy program that was transferred from the Maricopa Integrated Health System to the Employee Benefits Trust fund. The claims are actuarial estimates for the County’s self-insured portion of future claims for general litigation related to torts; theft of, damage to, and destruction of assets; errors and omissions; injuries to employees; natural disasters; and certain health benefits that are paid through the operations of the funds. Additional information regarding long-term liabilities can be found in the notes to the financial statements (Note 12 – Long-Term Liabilities and Note 16 – Risk Management to the Financial Statements). Economic Factors and Next Year’s Budget and Rates • Maricopa County’s economy is improving, and the economic recovery is in place and accelerating, according to many of the local economists. “The outlook remains promising, both in absolute terms and relative terms,” according to Elliott D. Pollack & Company, economist for the County. 16 Maricopa County Management’s Discussion and Analysis • The population in Maricopa County continues to grow at a rapid pace. The U.S. Census Bureau reports that Maricopa County’s population increased by 2.9% in 2003. The unemployment rate in Maricopa County according to www.workforce.az.gov for June 2004 was 4.4 percent, which remains below both the state (5.0%) and national average (4.6%). The growth in spending and economic output is strong enough to virtually force the business community to increase hiring to meet the demand. Many corporate firms that are already based here are growing, which is contributing thousands more jobs. Forecasts show that Arizona’s economy will add more than 191,000 jobs in the next two years. • As reported by the U.S. Census Bureau, Maricopa County continued to place second in the nation in gaining residents from April 2000 to July 2003. According to U.S. Census reports, Maricopa County’s projected increase in population between 2000 and 2003 is estimated to be 10.3%. • Benefits to Maricopa County that are contributing factors of improving the economy include quality of life, cost of living, a skilled work force, good universities and a favorable business climate. th th Phoenix, a major city within Maricopa County, was ranked 7 in the 6 annual “America’s 50 Hottest Cities” report, published in the January 2004 issue of Expansion Management magazine. As part of the annual budget planning process, the County’s Office of Management and Budget developed a financial forecast to assist in both short and long range financial planning. This forecast provides a conservative estimate of the County’s fiscal condition through the next five years given a realistic economic forecast, current Board policies and existing laws. The forecast was instrumental in the determination of the fiscal year 2005 budget and tax rate. It was based on the following assumptions: • The Maricopa Integrated Health System (MIHS) will transition to a Special Health Care District. The voters of Maricopa County approved the new district on November 4, 2003. The transition to the newly elected Board will take place on January 1, 2005. • The extension of the Jail Excise Tax (propositions 400 and 401) was approved by the voters in the general election in November 2002. The tax will fund the operation costs of the new jail and juvenile detention facilities. Many new jail facilities will be operational in fiscal year 2005. • The County has absorbed many program costs that had shifted from the State to the County. The County will work collaboratively with the State to readdress these issues in the 2005 legislative session. The cost shifts are estimated to be approximately $60 million. Even though the growth and demand for services is high, the property tax rate for the fiscal year 2005 budget was reduced to 1.4748. This is the second time in the last five budget years that the property tax overall levy had been reduced. At the end of the fiscal year, unreserved fund balance for the General Fund was $315.9, or 49.3 percent of total General Fund expenditures. Unreserved fund balance increased by almost 9.38 percent from the prior year. This is due to actual revenues in excess of actual expenditures. In accordance with Arizona Revised Statutes (A.R.S.), the entire amount will be budgeted in the next fiscal year. A.R.S. §42-17151 requires that total estimated sources of revenue must equal the total estimated expenditures in the budget for the current fiscal year. The estimated expenditures may include an amount for unanticipated contingencies or emergencies, per A.R.S. §42-17102. Request for Information This financial report is designed to provide our citizens, taxpayers, customers, investors and creditors with a general overview of the County’s finances and to demonstrate the County’s accountability for the money it receives. If you have any questions about this report or need additional financial information, please contact Maricopa County Department of Finance, 301 W. Jefferson, Suite 960, Phoenix, AZ 85003, or at www.maricopa.gov. 17 18 Financial Section Basic Financial Statements Maricopa County Definitions of Government-wide Financial Statements and Listing of Major Funds Government-wide Financial Statements The Statement of Net Assets presents information on all of Maricopa County’s assets and liabilities, with the difference between the two reported as net assets. The Statement of Activities presents information showing how the government’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. The above two statements are presented utilizing the following types of activities: Governmental Activities – generally are financed through taxes and intergovernmental revenues. Business-type Activities – are financed in whole or in part by fees charged to external parties. Major Funds General Fund – is the County’s primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund. Special Revenue Funds Jail Operations Fund – was established under the authority of propositions 400 and 401, which were passed in the General Election of November 3, 1998. These propositions authorized a temporary 1/5 of one-cent sales tax to be used for the construction and operation of adult and juvenile detention facilities. On November 5, 2002, the voters approved the extension of the 1/5 of one-cent sales tax in the General Election to be used for jail facility operations. The extension begins in the month following the expiration of the original tax and may continue for not more than twenty years after the date the tax collection begins. The Jail Operations Fund accounts for the receipt of tax revenue, jail operations expenditures, and transfers to the Jail Construction Fund for construction of the adult and juvenile detention facilities. Debt Service Funds General Obligation Fund – accounts for debt service on all various purpose general obligation bonds. Funding is provided by the County’s secondary property tax revenues, which may be used only for debt service. Lease Revenue Fund – accounts for the debt service on the Lease Revenue Bonds, Series 2001, and the Lease Revenue Refunding Bonds, Series 2003. Funding is provided by transfers from the General Fund. 21 Maricopa County Definitions of Government-wide Financial Statements and Listing of Major Funds (Continued) Enterprise Funds Medical Center Fund – provides quality, cost competitive health care and health professional education to assure the health security of individuals, families, and the community. Maricopa Health Plan Fund – is an ambulatory health care program operated by Maricopa Managed Care Systems (MMCS). MMCS contracts with the Arizona Health Care Cost Containment System (AHCCCS), which provides monthly capitation revenues based on Acute Health Care program enrollment. Arizona Long-Term Care System (ALTCS) Fund – is a managed care, long-term care program operated by Maricopa Managed Care Systems (MMCS). Chronically ill and physically disabled patients receive medical services as a result of an annual contract with the Arizona Health Care Cost Containment System (AHCCCS). Non-AHCCCS Health Plans Fund – The Non-AHCCCS health care programs are primarily: • Health Select - a managed health care program offered to employees, spouses and their families; • Senior Select - a Medicare program operating under contract with the Federal government. 22 Maricopa County Statement of Net Assets June 30, 2004 COMPONENT UNIT PRIMARY GOVERNMENT GOVERNMENTAL ACTIVITIES BUSINESS-TYPE ACTIVITIES HOUSING AUTHORITY TOTAL ASSETS Cash in bank and on hand Cash and investments held by County Treasurer Receivables (net of allowances for uncollectibles) Internal balances Due from other governmental units Inventories Prepaids Deferred costs Miscellaneous Advances to other funds Cash and investments held by trustee – restricted Capital assets: Land Buildings and improvements Machinery and equipment Infrastructure Construction in progress (Accumulated depreciation) $ 7,787,468 677,485,873 14,406,340 10,627,585 146,391,429 5,273,852 2,844,385 4,049,605 3,905,746 493,243 41,878,616 $ 3,384,459 2,392,748 267,945,344 1,128,530,973 171,847,818 456,642,003 168,530,055 (293,106,434) 2,815,533,901 Total assets 500 65,887,632 86,450,507 (10,627,585) 1,163,164 6,523,892 28,427,025 2,909,679 104,732,059 95,247,859 8,897,465 (115,113,457) 280,275,947 $ 7,787,968 743,373,505 100,856,847 $ 952,175 4,838,955 147,554,593 11,797,744 31,271,410 4,049,605 7,290,205 493,243 44,271,364 107,129 270,855,023 1,233,263,032 267,095,677 456,642,003 177,427,520 (408,219,891) 3,095,809,848 6,596,777 38,116,180 505,809 2,465,577 (22,554,913) 31,027,689 LIABILITIES 54,465,027 3,500,879 52,333,132 2,977,762 Accounts payable Accrued liabilities Employee compensation payable Accrued interest payable Medical claims payable Deferred revenue Due to other governmental units Deposits held for other parties Noncurrent liabilities: Due within one year Due in more than one year Total liabilities 22,291,640 10,899,420 8,800,651 690,063 91,424,508 76,756,667 14,400,299 61,133,783 3,667,825 91,424,508 16,717,425 11,797,532 1,099,026 222,188 166,787 20,696 16,717,425 8,945,098 1,099,026 2,852,434 3,424 58,091,196 204,053,504 402,183,049 2,532,439 32,361,965 171,853,120 60,623,635 236,415,469 574,036,169 280,637 845,710 1,811,332,732 72,392,695 1,883,725,427 25,129,430 151,978 NET ASSETS Invested in capital assets, net of related debt Restricted for: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Debt service Unrestricted Total net assets $ 8,878,330 117,737,265 44,108,918 7,078,052 15,691,288 10,969,118 397,555,149 2,413,350,852 The notes to the financial statements are an integral part of this statement. 23 13,927,912 $ 2,392,748 19,709,472 108,422,827 8,878,330 117,737,265 44,108,918 21,005,964 15,691,288 13,361,866 417,264,621 $2,521,773,679 $ 5,052,549 30,181,979 Maricopa County Statement of Activities For the Fiscal Year Ended June 30, 2004 Charges for Services Expenses Program Revenues Operating Grants and Contributions Capital Grants and Contributions Functions/Programs Primary government: Governmental activities: General government $ 185,518,463 Public safety $ 581,443,588 Highways and streets 26,589,393 $ 384,090 78,288,469 89,186,923 $ 5,380,697 44,392,614 1,769,524 94,772,833 332,380,442 26,745,928 95,910,780 Culture and recreation 27,963,450 8,546,372 1,566,496 Education 19,170,903 4,146,571 12,475,576 1,199,118,770 146,086,257 294,296,698 18,917,753 371,991,804 380,554,715 5,343,030 9,833 Health, welfare and sanitation Interest on long-term debt 13,261,238 275,818 8,249,310 Total governmental activities Business-type activities: Medical Center Arizona Health Care Cost Containment System (AHCCCS)-– Acute Health Care program AHCCCS–-Arizona Long-Term Care System (ALTCS) program 167,346,474 138,274,739 273,164,762 234,370,191 82,737,548 59,656,677 1,336,866 230,389 Non-AHCCCS health care programs (Senior Select and Health Select) Other business-type activity Total business-type activities Total primary government 896,577,454 $ 2,095,696,224 1,338,868 813,086,711 $ 959,172,968 6,681,898 $ 300,978,596 9,833 $ 18,927,586 Component unit: Housing Authority Total component unit $ 16,532,616 $ 1,405,829 $ 14,010,136 $ 502,525 $ 16,532,616 $ 1,405,829 $ 14,010,136 $ 502,525 General revenues: Taxes: Property taxes, levied for general purposes Property taxes, levied for Flood Control District Property taxes, levied for Library District Property taxes, levied for debt service Share of state sales taxes Sales tax – Jail construction and operation Surcharge tax – Stadium District Vehicle license tax Grants and contributions not restricted to specific programs Unrestricted investment earnings Gain on disposal of capital assets Miscellaneous Transfers Total general revenues and transfers Change in net assets Net assets, beginning, as restated Net assets, ending The notes to the financial statements are an integral part of this statement. 24 Governmental Activities $ (153,164,283) Net (Expense) Revenue and Changes in Net Assets Primary Government Business-Type Activities $ Total $ (413,968,196) (153,164,283) $ (413,968,196) 65,410,981 65,410,981 (209,723,734) (209,723,734) (17,574,764) (17,574,764) (2,548,756) (2,548,756) (8,249,310) (8,249,310) (739,818,062) (739,818,062) (739,818,062) 13,915,774 13,915,774 (29,071,735) (29,071,735) (38,794,571) (38,794,571) (21,742,003) (21,742,003) (1,106,477) (1,106,477) (76,799,012) (76,799,012) (76,799,012) (816,617,074) 328,580,647 328,580,647 50,702,924 50,702,924 14,414,827 14,414,827 19,267,865 19,267,865 358,056,954 358,056,954 107,441,209 107,441,209 5,556,717 5,556,717 116,054,332 116,054,332 1,775,295 $ (614,126) $ (614,126) 1,775,295 8,626,732 $ Component Unit Housing Authority 796,848 9,423,580 21,601,858 21,601,858 3,915,244 3,915,244 (58,278,148) 58,278,148 977,716,456 59,074,996 237,898,394 (17,724,016) 220,174,378 (614,126) 2,175,452,458 126,146,843 2,301,599,301 30,796,105 2,413,350,852 $ 108,422,827 1,036,791,452 $ 2,521,773,679 $ 25 30,181,979 Maricopa County Balance Sheet Governmental Funds June 30, 2004 JAIL OPERATIONS GENERAL GENERAL OBLIGATION ASSETS Cash in bank and on hand Cash and investments held by County Treasurer Receivables Due from other funds Due from other governmental units Inventories Miscellaneous Advances to other funds Cash and investments held by trustee - restricted Total assets $ 84,395 240,150,824 10,894,195 30,748,592 78,862,484 1,907,537 950,193 493,243 $ 480,200 44,832,430 191,013 $ $ 364,091,463 $ 68,656,465 $ $ 14,114,344 8,887,349 1,111,023 14,934,234 $ 3,955,269 2,957,871 11,673 273,153 3,391 $ 20,568,300 22,925,239 224,265 3,318 20,568,300 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable Employee compensation payable Accrued liabilities Due to other funds Due to other governmental units Interest payable Bonds payable Special assessment debt with governmental commitment Deferred revenue Deposits held for other parties Total liabilities 403,300 20,165,000 6,738,621 Fund balances: Reserved for: Inventories Advances Debt service Unreserved, reported in: General fund Special revenue funds Capital projects funds Debt service funds Total fund balances Total liabilities and fund balances 45,785,571 7,201,357 1,907,537 493,243 224,265 20,568,300 315,905,112 61,230,843 318,305,892 $ 364,091,463 61,455,108 $ 68,656,465 $ 20,568,300 Amounts reported for governmental activities in the Statement of Net Assets are different because: Capital assets used in governmental activities are not financial resources and therefore, are not reported in the funds. Other assets are not available to pay for current period expenditures and therefore, are deferred in the funds. Internal service funds are used by management to charge the costs of equipment services, telecommunications, reprographics, risk management, employee benefits, and the sheriff warehouse to individual funds. The assets and liabilities of the internal service funds are included in governmental activities in the Statement of Net Assets. Some long-term liabilities and compensated absences are not due and payable shortly after June 30, 2004, therefore, are not reported in the funds. Net assets of governmental activities The notes to the financial statements are an integral part of this statement. 26 OTHER GOVERNMENTAL FUNDS LEASE REVENUE $ $ 58,257,850 241,224 15,833,478 $ 20,663,429 94,995,981 $ $ $ 2,314,990 7,675,306 995,432 272,289,640 2,896,832 274,458 44,603,706 1,792,575 1,168,016 21,215,187 345,235,846 32,523,502 4,215,013 2,371,766 19,239,870 8,941,707 12,165 TOTAL GOVERNMENTAL FUNDS $ $ $ 31,688 30,223,145 1,099,026 98,657,882 9,990,296 1,792,575 10,673,133 315,905,112 187,646,410 108,561,138 74,332,552 711,344,649 126,415,567 108,561,138 $ 94,995,981 246,577,964 $ 50,593,115 16,060,233 3,494,462 34,447,257 8,945,098 2,730,455 27,840,306 31,688 36,961,766 1,099,026 182,203,406 3,924,377 493,243 20,481,817 9,808,684 74,332,552 85,005,685 1,560,027 636,099,044 14,223,264 46,856,528 146,391,429 3,924,377 2,121,527 493,243 41,878,616 893,548,055 345,235,846 1,897,113,009 20,244,341 $ 2,736,185 (218,087,332) 2,413,350,852 27 Maricopa County Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds For the Fiscal Year Ended June 30, 2004 JAIL OPERATIONS GENERAL GENERAL OBLIGATION REVENUES Taxes $ 327,367,793 Licenses and permits $ 107,441,209 $ 19,267,865 1,306,694 Intergovernmental 481,790,371 22,839,108 Charges for services 26,241,389 5,359 Fines and forfeits 12,858,596 Special assessments Miscellaneous Total revenues 9,818,701 346,171 166,217 859,383,544 130,631,847 19,434,082 EXPENDITURES Current: General government 115,038,598 Public safety 288,548,167 167,999,472 Highways and streets Health, welfare and sanitation 211,158,698 Culture and recreation 1,147,991 Education 1,883,863 Debt service: Principal 20,165,000 Interest 806,600 Other expenditures Capital outlay 22,919,710 7,179,516 Total expenditures 640,697,027 175,178,988 Excess (deficiency) of revenues over expenditures 218,686,517 20,971,600 (44,547,141) (1,537,518) OTHER FINANCING SOURCES (USES) Transfers in 32,539 120,866,924 (197,725,521) Transfers out Capital lease agreements 847,711 (48,585,819) (32,539) 6,333,484 Proceeds from bond issuance Bond premium Payment to escrow agent (191,359,498) 72,281,105 815,172 Net change in fund balances 27,327,019 27,733,964 (722,346) Fund balances at beginning of year (restated) 292,657,135 33,852,162 722,346 Total other financing sources (uses) (1,678,262) Increase (decrease) in reserve for inventories Fund balances at end of year $ 318,305,892 The notes to the financial statements are an integral part of this statement. 28 (131,018) $ 61,455,108 $ LEASE REVENUE $ OTHER GOVERNMENTAL FUNDS $ 70,674,468 TOTAL GOVERNMENTAL FUNDS $ 524,751,335 30,322,688 31,629,382 274,334,780 778,964,259 45,436,176 71,682,924 4,307,781 17,166,377 3,584,883 3,584,883 1,004,088 37,639,527 48,974,704 1,004,088 466,300,303 1,476,753,864 3,188,174 118,226,772 107,169,346 563,716,985 41,549,321 41,549,321 119,869,308 331,028,006 18,439,491 19,587,482 16,931,624 18,815,487 11,448,564 3,545,577 35,159,141 4,570,412 3,451,285 8,828,297 260,371 6,386 266,757 218,366,469 248,465,695 16,279,347 532,516,981 1,385,643,943 (15,275,259) (66,216,678) 5,226,039 91,109,921 168,895,430 295,868,643 (111,669,097) (358,012,976) 6,333,484 12,353,671 3,244,591 15,598,262 457,156 457,156 (12,353,671) (12,353,671) 5,683,195 60,470,924 (9,592,064) (52,109,102) (5,745,754) 94,597,749 39,000,819 252,240,571 674,069,963 83,147 $ 85,005,685 $ 246,577,964 (1,726,133) $ 711,344,649 29 Maricopa County 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, 2004 Net change in fund balances – total governmental funds (page 29) $ 39,000,819 Amounts reported for governmental activities in the Statement of Activities pages 24 – 25 are different because: 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 expense. This is the amount by which capital outlays exceeded depreciation in the current period. 212,868,024 The net effect of various miscellaneous transactions involving capital assets (i.e., sales, trade-ins, and donations) is to decrease net assets. (48,154,935) Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the funds. 2,844,616 The issuance of long-term debt (e.g., bonds, leases) provides current financial resources to governmental funds, while the repayment of the principal of long-term debt consumes the current financial resources of governmental funds. Neither transaction, however, has any effect on net assets. Also, governmental funds report the effect of issuance costs, premiums, discounts, and similar items when debt is first issued, whereas these amounts are deferred and amortized in the Statement of Activities. This amount is the net effect of these differences in the treatment of longterm debt and related items. 30,491,770 Some expenses 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. (7,702,218) Internal service funds are used by management to charge the costs of equipment services, telecommunications, reprographics, risk management, employee benefits, and the sheriff warehouse to individual funds. The net revenue of internal service funds is reported with governmental activities. 8,550,318 Change in net assets of governmental activities (page 25) The notes to the financial statements are an integral part of this statement. 30 $ 237,898,394 31 Maricopa County Statement of Net Assets Proprietary Funds June 30, 2004 BUSINESS-TYPE ACTIVITIES ENTERPRISE FUNDS MEDICAL CENTER MARICOPA HEALTH PLAN ALTCS ASSETS Current assets: Cash in bank and on hand Cash and investments held by County Treasurer Receivables: Accounts (net of allowances) Accrued interest Due from other funds Due from other governmental units Inventories Prepaids Miscellaneous Total current assets $ Noncurrent assets: Restricted: Cash and investments held by trustee Capital assets: Land Buildings and improvements Machinery and equipment Construction in progress Less accumulated depreciation Total noncurrent assets $ $ 9,936,829 40,811,335 48,040,909 20,541,254 17,321,380 34,901,911 1,163,164 6,523,892 1,418,959 807,186 92,856,021 7,407,830 6,051,523 3,610,985 13,260 41,510,158 22,496,298 25,421 86,705,957 3,383,336 6,967,447 (3,383,336) (3,654,012) 3,313,435 2,358,527 1,722,193 104,668,497 82,419,846 8,897,465 (105,535,317) 94,531,211 Total assets 187,387,232 41,510,158 90,019,392 19,015,918 8,784,565 3,154,966 606,663 21,864,994 2,852,434 262,922 1,829,526 1,362,469 2,435,253 23,048,091 12,918,379 28,171,999 55,594,887 52,845,481 72,778,045 52,845,481 72,778,045 LIABILITIES Current liabilities: Vouchers payable Employee compensation payable Accrued liabilities Interest payable Due to other funds Due to other governmental units Medical claims payable Accrued interest Advances from other funds Leases payable (current portion) Installment purchase agreements (current portion) Certificates of participation (current portion) Lease revenue bonds payable (current portion) Liability for reported and incurred but not reported claims (current portion) Liability for closure and postclosure costs (current portion) Total current liabilities 82,009 34,006 393,200 365,000 1,386,864 58,540,619 Noncurrent liabilities: Leases payable Advances from other funds Installment purchase agreements Certificates of participation Lease revenue bonds payable Liability for reported and incurred but not reported claims Liability for closure and postclosure costs Total noncurrent liabilities 374,071 858,849 5,500,000 15,207,425 21,940,345 Total liabilities 80,480,964 NET ASSETS Invested in capital assets, net of related debt Restricted for debt service Restricted for health care Unrestricted (deficit) Total net assets 68,053,269 2,358,527 3,313,435 13,927,912 $ The notes to the financial statements are an integral part of this statement. 32 36,494,472 106,906,268 $ (11,335,323) (11,335,323) $ 17,241,347 OTHER ENTERPRISE FUND NON-AHCCCS HEALTH PLANS $ $ 477,490 6,882 15,470,166 500 15,139,468 TOTALS $ 500 65,887,632 4,080 15,206,640 86,381,033 69,474 63,831,430 1,163,164 6,523,892 28,427,025 3,384,459 255,668,609 34,221 2,392,748 62,592 900,783 2,534,512 19,389,833 GOVERNMENTAL ACTIVITIES INTERNAL SERVICE FUNDS 1,187,486 63,562 2,477,230 $ 183,076 1,349,475 2,844,385 1,784,219 53,775,425 2,909,679 104,732,059 95,247,859 8,897,465 (115,113,457) 99,066,353 (2,540,792) 1,221,707 6,227,441 41,386,829 323,649 6,785,800 (3,832,699) 3,276,750 19,389,833 16,428,347 354,734,962 57,052,175 1,174,487 8,787 16,086 7,095 1,391 3,871,911 637,333 6,417 6,083 22,291,640 8,800,651 10,899,420 608,054 74,459,015 2,852,434 91,424,508 82,009 40,089 32,830 393,200 365,000 1,419,694 314,456 386,728 314,456 213,950,170 79,083 43,499 453,154 858,849 5,500,000 15,250,924 10,299,038 10,421,620 10,299,038 32,361,965 26,961,237 10,808,348 246,312,135 54,315,990 1,025,991 34,221 72,392,695 2,392,748 13,927,912 19,709,472 108,422,827 2,929,870 3,939,637 16,627,551 7,657,622 1,781,686 104,707 20,952,699 29,399,297 27,354,753 242,173 26,719,064 29,399,297 $ (10,009,464) (10,009,464) $ 4,559,787 5,619,999 $ 33 $ (193,685) 2,736,185 Maricopa County Statement of Revenues, Expenses, and Changes in Fund Net Assets Proprietary Funds For the Fiscal Year Ended June 30, 2004 BUSINESS-TYPE ACTIVITIES ENTERPRISE FUNDS MEDICAL CENTER MARICOPA HEALTH PLAN ALTCS OPERATING REVENUES Net patient service revenue Charges for services Miscellaneous Total operating revenues $ 352,689,693 20,823,685 7,041,337 380,554,715 $ $ 138,274,739 234,370,191 138,274,739 234,370,191 167,788,404 55,088,794 25,547,888 40,136,825 5,684,945 901,444 148,106,924 761,677 15,081,551 1,869,606 238,778,160 856,044 4,069,154 4,580,632 90,125 822,162 OPERATING EXPENSES Personal services Supplies Medical services Other services Legal Insurance Leases and rentals Repairs and maintenance Travel and transportation Utilities Provision for doubtful accounts Indigent patient direct write-offs Depreciation Miscellaneous Bad debt expense Total operating expenses Operating income (loss) 4,474,642 35,350,408 16,938,127 13,311,883 2,347,409 857,174 1,421,123 10,110,105 269,795,925 (35,425,734) 699,116 9,171,796 165,416,027 (27,141,288) 369,634,166 10,920,549 NONOPERATING REVENUES (EXPENSES) Grant revenues Investment income Interest expense Premium tax Gain (loss) on disposal of capital assets Other Total nonoperating revenues (expenses) 5,343,030 9,833 (1,774,501) Income (loss) before contributions and transfers Capital contributions Transfers in Transfers out Change in net assets Total net assets (deficit) – beginning Total net assets (deficit) – ending The notes to the financial statements are an integral part of this statement. 34 354,789 (1,930,447) (3,368,837) (583,137) 2,995,225 (1,697,749) (3,014,048) 13,915,774 (28,839,037) (38,439,782) 15,374,170 (818,405) 28,471,539 3,894,421 78,434,729 106,906,268 $ 232,698 29,289,813 (24,944,616) $ 13,609,293 (11,335,323) (9,149,969) $ 26,391,316 17,241,347 NON-AHCCCS HEALTH PLANS $ OTHER ENTERPRISE FUND $ 59,656,677 TOTALS $ 209,145 21,244 230,389 59,656,677 3,294,320 516,522 77,885,503 232,604 11,475 1,888 1,338,029 (1,107,640) 7,644,882 10,133,470 4,515,832 6,702,686 38,650,764 1,722,254 2,337,188 64,199 4,835,014 419,330 77,025,619 5,878,501 1,391,618 157,774 6,681,898 806,681 (1,782,134) (5,299,284) 8,796 (583,137) (167,180) (21,689,253) (949,866) (76,002,164) 6,258,023 (1,141,640) (2,091,506) 60,238,193 (1,960,045) (17,724,016) 2,374,000 (81,705) 8,550,318 156,611 (7,633) 8,796 11,679,789 (10,009,464) $ 82,544,424 359,696 82,904,120 4,476,530 35,350,408 16,938,127 14,169,057 4,843,951 19,281,901 888,921,695 (75,834,984) 376,303 1,338,868 52,750 $ 545,346 5,110,095 4,580,632 9,100 82,737,548 (23,080,871) 352,689,693 453,334,437 7,062,581 813,086,711 192,081,824 58,387,841 490,318,475 42,837,508 1,082,962 545,346 119,554 GOVERNMENTAL ACTIVITIES INTERNAL SERVICE FUNDS (10,009,464) $ 7,711,505 5,619,999 $ 126,146,843 108,422,827 35 471,054 (35,710) (55,822) 379,522 $ (5,814,133) 2,736,185 Maricopa County Statement of Cash Flows Proprietary Funds For the Fiscal Year Ended June 30, 2004 BUSINESS-TYPE ACTIVITIES ENTERPRISE FUNDS MEDICAL CENTER CASH FLOWS FROM OPERATING ACTIVITIES Cash receipts from contractors, patients and other payors Charges for services Other receipts Payments for goods and services Payments for personal services $ Net cash provided by (used for) operating activities CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Advances from General Fund Grant receipts Cash transfers from other funds Cash transfers to other funds Interest payments Loan payments to General Fund Premium tax Claims paid for other County Health Plans MARICOPA HEALTH PLAN 296,090,501 $ 126,966,405 ALTCS $ (135,619,023) (166,850,840) (121,712,334) (5,684,946) (234,491,844) (14,574,086) (6,379,362) (430,875) (22,547,114) 21,864,994 5,039,756 34,726,232 (467,860) (507,980) (47,285,472) 1,750,000 (6,333,433) 27,500,000 (15,540,587) (1,927,658) (2,215,793) (3,382,676) (8,726,884) 12,799,739 Reimbursements received from other County Health Plans 4,223,002 Net cash provided by (used for) noncapital financing activities 13,369,670 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Purchase of capital assets Capital lease payments Certificates of participation payments Lease revenue bond payments Installment purchase contract payments Interest payments on long-term debt Advances from other funds Proceeds from refunding lease revenue bonds Proceeds from sale of capital assets Net cash provided by (used for) capital and related financing activities (3,511,612) (12,051,579) Net increase (decrease) in cash and cash equivalents Net cash provided by (used for) operating activities SCHEDULE OF NONCASH INVESTING, CAPITAL AND NONCAPITAL FINANCING ACTIVITIES – Debit (Credit) Allowance for uncollectible accounts Elimination of uncollectible accounts receivable Buildings and improvements Transfers to other funds Deletion of accumulated depreciation Accumulated depreciation from disposed capital assets Machinery and equipment disposed Loss on disposal of capital assets Machinery and equipment acquired Vouchers payable Reclassification of capitalized assets to expense Transfer out capital assets to County-wide capital assets Accumulated depreciation transferred to County-wide capital assets Capital assets transferred to County-wide capital assets Capital assets transferred from County-wide capital assets Accumulated depreciation transferred from County-wide capital assets Due from other funds Transfers from other funds Transfer to Governmental Activities to transfer costs of remedial investigations to the Solid Waste fund Liability for closure and postclosure costs payable – noncurrent Expense prepaid pharmacy start-up costs Allocated pharmacy prepaid costs (other assets) (757,612) 9,833 9,833 Cash and cash equivalents, July 1, 2003 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) operating activities Depreciation expense Provision for doubtful accounts Indigent patient direct write-offs Liability for reported and incurred but not reported claims – noncurrent Net change in liability for postclosure costs – noncurrent Changes in assets [(increase) / decrease] and liabilities [increase / (decrease)]: Accounts receivable Due from other funds Inventories Prepaids Miscellaneous Vouchers payable Employee compensation payable Accrued liabilities Due to other funds Due to other governmental units Medical claims payable Liability for reported and incurred but not reported claims – current Liability for closure and postclosure costs – current (757,612) (4,912,000) (5,841,955) (1,098,475) (1,545,614) 408,077 4,450,000 CASH FLOWS FROM INVESTING ACTIVITIES Interest and dividends Net cash provided by investing activities Cash and cash equivalents, June 30, 2004 226,518,816 294,394 294,394 511,542 511,542 (5,051,438) (8,863,365) (9,993,445) 7,409,965 18,800,194 50,804,780 $ 2,358,527 $ $ 10,920,549 $ 9,936,829 (27,141,288) $ 40,811,335 $ (35,425,734) 13,311,883 35,350,408 16,938,127 857,174 (49,562,303) (34,901,911) (284,573) (27,792) (477,279) 5,275,908 937,564 (3,602,629) (10,973,746) (8,580,623) 2,562,845 (15,359,889) (95,467) 1,069,119 (308,556) 20,106,816 764,412 5,052,629 15,418,521 29,075,798 (257,314) $ (6,379,362) $ $ 53,817,758 (53,817,758) (522,781) 350,545 172,236 $ (430,875) $ (22,547,114) $ 601,094 (574,200) (26,894) 2,144,421 (2,144,421) 583,137 (583,137) The notes to the financial statements are an integral part of this statement. 36 1,789,813 (1,789,813) OTHER ENTERPRISE FUND NON-AHCCCS HEALTH PLANS $ TOTALS $ 60,805,895 $ 209,145 21,244 (564,867) (230,391) (564,869) (62,927,500) (3,294,320) (5,415,925) 4,540,615 (163,368) (6,242) 85,166 76,329 8,796 681 51,104 51,104 (824,206) 824,206 $ (23,080,871) 649,575,722 61,015,040 21,244 (555,315,568) (190,634,583) (35,338,145) $ 81,331,150 278,829 (65,364,083) (7,586,304) 8,659,592 21,864,994 6,378,624 67,177,979 (22,341,880) (507,980) (47,285,472) (5,310,334) (2,215,793) 4,223,002 1,338,868 3,201,747 $ GOVERNMENTAL ACTIVITIES INTERNAL SERVICE FUNDS 2,374,000 (23,647) (1,523,038) 21,983,140 2,609,001 (4,269,224) (1,719,045) (126,783) (5,075,368) (5,841,955) (1,098,475) (1,551,856) 493,243 4,526,329 8,796 (12,063) (12,808,510) (1,857,891) 136,291 136,291 1,003,164 1,003,164 (427,897) (25,160,351) 15,602,086 1,781,686 387,670 387,670 9,798,372 93,441,231 37,815,898 $ 15,174,189 $ 68,280,880 $ 47,614,270 $ (1,107,640) $ (75,834,984) $ 5,878,501 14,169,057 35,350,408 16,938,127 419,330 44,024 1,088,399 1,088,399 1,149,218 (4,470,166) 3,772,841 (2,534,512) 277,367 (67,967,454) (39,372,077) (284,573) (9,051,995) (3,011,927) 6,531,521 939,777 (95,812) 41,786,996 (257,314) 43,539,246 (136) 4,594 2,213 (746,759) 3,797,720 16,627,551 (955,073) 397,069 (1,091,840) (962,920) 115,538 58,578 (331,752) 4,133,064 $ (5,415,925) $ $ 194,460 (564,869) $ $ $ 162,116 (162,116) 194,460 (35,338,145) 53,817,758 (53,817,758) (522,781) 350,545 172,236 162,116 (162,116) $ 8,659,592 $ 169,178 (225,000) 55,822 601,094 (574,200) (26,894) 81,705 5,756 (87,461) 16,410 (16,410) 8,478,042 (8,478,042) 1,141,640 (1,141,640) 12,412,276 (12,412,276) 1,141,640 (1,141,640) 583,137 (583,137) 37 Maricopa County Statement of Fiduciary Net Assets Fiduciary Funds June 30, 2004 INVESTMENT TRUST FUND TREASURER’S INVESTMENT POOL Assets Cash in bank and on hand Cash and investments held by County Treasurer Accrued interest receivable Total assets $ $ 1,486,708,300 5,873,297 1,492,581,597 Liabilities Deposits held for other parties Total liabilities Net Assets Held in trust for investment participants AGENCY FUND 29,114,744 $ $ 1,492,581,597 The notes to the financial statements are an integral part of this statement. 38 29,114,744 29,114,744 29,114,744 Maricopa County Statement of Changes in Fiduciary Net Assets Fiduciary Funds For the Fiscal Year Ended June 30, 2004 INVESTMENT TRUST FUND TREASURER’S INVESTMENT POOL Additions: Contributions from participants Investment income: Interest income Net decrease in fair value of investments Net investment earnings Total additions $ 9,745,068,937 21,859,899 (11,760,721) 10,099,178 9,755,168,115 Deductions: Distributions to participants Total deductions 9,559,556,953 9,559,556,953 Change in net assets Net assets – beginning Net assets – ending 195,611,162 $ 1,296,970,435 1,492,581,597 The notes to the financial statements are an integral part of this statement. 39 40 Financial Section Basic Financial Statements - Notes Maricopa County Notes to the Financial Statements For the Fiscal Year Ended June 30, 2004 NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES NOTE 2 REPORTING CHANGES NOTE 3 BEGINNING BALANCES RESTATED NOTE 4 RECONCILIATION STATEMENTS NOTE 5 STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY NOTE 6 DEPOSITS AND INVESTMENTS NOTE 7 CONDENSED FINANCIAL STATEMENTS OF COUNTY TREASURER’S INVESTMENT POOL NOTE 8 RECEIVABLES NOTE 9 DUE FROM OTHER GOVERNMENTAL UNITS NOTE 10 CAPITAL ASSETS NOTE 11 CONSTRUCTION AND OTHER SIGNIFICANT COMMITMENTS NOTE 12 LONG-TERM LIABILITIES NOTE 13 MUNICIPAL LANDFILL CLOSURE AND POSTCLOSURE CARE COSTS NOTE 14 MUNICIPAL REVOLVING LINE OF CREDIT AND IRREVOCABLE STANDBY LETTER OF CREDIT NOTE 15 OPERATING LEASES NOTE 16 RISK MANAGEMENT NOTE 17 EMPLOYEE RETIREMENT PLANS NOTE 18 INTERFUND BALANCES AND ACTIVITY NOTE 19 DISPROPORTIONATE SHARE SETTLEMENT NOTE 20 MEDICAL CENTER FUND’S OPERATING REVENUES NOTE 21 SUBSEQUENT EVENTS OF GOVERNMENT-WIDE 43 AND FUND FINANCIAL Maricopa County Notes to the Financial Statements For the Fiscal Year Ended June 30, 2004 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accounting policies of Maricopa County conform to generally accepted accounting principles applicable to governmental units adopted by the Governmental Accounting Standards Board (GASB). A. Reporting Entity Maricopa County is a general purpose local government governed by a separately elected board of five county supervisors. The accompanying financial statements present the activities of the County (the primary government) and its component units. Component units are legally separate entities for which the County is considered to be financially accountable. Blended component units, although legally separate entities, are in substance part of the County’s operations. Therefore, data from these units is combined with data of the primary government. Discretely presented component units, on the other hand, are reported in a separate column in the combined financial statements to emphasize they are legally separate from the County. Each blended and discretely presented component unit discussed below has a June 30 year-end. The reporting entity is comprised of the primary government, Maricopa County Flood Control District, Maricopa County Library District, Maricopa County Public Finance Corporation, Maricopa County Special Assessment Districts, Maricopa County Stadium District, Maricopa County Street Lighting Districts, and the Housing Authority of Maricopa County. The blended component units are as follows: Maricopa County Flood Control District The Maricopa County Flood Control District is a legally separate entity that provides flood control facilities and regulates floodplains and drainage to prevent flooding of property in Maricopa County. As the Maricopa County Board of Supervisors serves as the Board of Directors of the Flood Control District, it is able to significantly influence the programs, projects, activities, or level of services provided by the District; therefore, the District is considered a blended component unit of the County. Maricopa County Library District The Maricopa County Library District is a legally separate entity that provides and maintains library services for the residents of Maricopa County. As the Maricopa County Board of Supervisors serves as the Board of Directors of the Library District, it is able to significantly influence the programs, projects, activities, or level of services provided by the District; therefore, the District is considered a blended component unit of the County. Maricopa County Public Finance Corporation Maricopa County Public Finance Corporation is a nonprofit corporation created by the Maricopa County Board of Supervisors that exists primarily to assist the County in the acquisition, construction, and improvement of County facilities, including real property and personal property. The Board of Directors of the Public Finance Corporation is subject to the approval of the County Board of Supervisors and the corporation exists primarily for the benefit of the County; therefore, the corporation is considered a blended component unit of the County. The corporation issued certificates of participation and lease revenue bonds that evidence undivided proportionate interests in rent payments to be made under the lease agreements, with an option to purchase, between Maricopa County and the Corporation. Since this debt is in substance the County’s obligation, these liabilities and resulting assets are reported on the County’s financial statements. 44 Notes to the Financial Statements (Continued) Maricopa County Special Assessment Districts The Special Assessment Districts are legally separate entities that provide improvements to various properties within the County. As the Maricopa County Board of Supervisors serves as the Board of Directors of the Maricopa County Special Assessment Districts, it is able to significantly influence the activities or level of services provided by the Districts; therefore, the Districts are considered a blended component unit of the County. Maricopa County Stadium District The Maricopa County Stadium District is a legally separate entity that provides regional leadership and fiscal resources to assure the presence of Major League Baseball in Maricopa County. As the Maricopa County Board of Supervisors serves as the Board of Directors of the Stadium District, it is able to significantly influence the programs, projects, activities, or level of services provided by the District; therefore, the District is considered a blended component unit of the County. Complete financial statements for the Maricopa County Stadium District may be obtained at the entity’s administrative office listed below: Maricopa County Stadium District Bank One Ballpark 401 East Jefferson Phoenix, Arizona 85004 Maricopa County Street Lighting Districts The Street Lighting Districts are legally separate entities that provide street lighting in areas of the County that are not under local city jurisdictions. As the Maricopa County Board of Supervisors serves as the Board of Directors of the Maricopa County Street Lighting Districts, the Districts are considered a blended component unit of the County. The discretely presented component unit follows: Housing Authority of Maricopa County On July 1, 2003, the Housing Authority of Maricopa County became a legally separate entity pursuant to A.R.S. §36-1404. The Housing Authority provides efficient and affordable rental housing to lowincome households of Maricopa County. Each member of the Maricopa County Board of Supervisors appoints one member to the Board of Commissioners while the sixth member shall be based on the recommendation of the County Administrative Officer and the seventh member shall be appointed by a majority vote of the Maricopa County Board of Supervisors. The County does not have the ability to impose its will on the Housing Authority. The Housing Authority is a discretely presented component unit, as the Maricopa County Board of Supervisors may dissolve the Authority at any time at the sole discretion of the County and therefore, a financial benefit or burden exists. Complete financial statements for the Housing Authority of Maricopa County may be obtained at the entity’s administrative office listed below: Housing Authority of Maricopa County 2024 North Seventh Street, Suite 101 Phoenix, Arizona 85006 45 Notes to the Financial Statements (Continued) Related Organization The Industrial Development Authority of Maricopa County (Authority) is a legally separate entity that was created to assist in the financing of commercial and industrial enterprises; safe, sanitary, and affordable housing; and healthcare facilities. The Authority fulfills its function through the issuance of tax exempt or taxable revenue bonds. The County Board of Supervisors appoints the Authority’s Board of Directors. The Authority’s operations are completely separate from the County and the County is not financially accountable for the Authority. Therefore, the financial activities of the Authority have not been included in the accompanying financial statements. B. Basis of Presentation The basic financial statements include both government-wide statements and fund financial statements. The government-wide statements focus on the County as a whole, while the fund financial statements focus on major funds. Each presentation provides valuable information that can be analyzed and compared between years and between governments to enhance the usefulness of the information. Government-wide financial statements – provide information about the primary government (the County) and its component units. The statements include a statement of net assets and a statement of activities. These statements report the financial activities of the overall government, except for fiduciary activities. They also distinguish between the governmental and business-type activities of the County and between the County and its discretely presented component unit. Governmental activities generally are financed through taxes and intergovernmental revenues. Business-type activities are financed in whole or in part by fees charged to external parties. The statement of activities presents a comparison between direct expenses and program revenues for each function of the County’s governmental activities and segment of its business-type activities. Direct expenses are those that are specifically associated with a program or function and, therefore, are clearly identifiable to a particular function. The County allocates indirect expenses to programs or functions. Program revenues include: • Charges to customers or applicants for goods, services, or privileges provided, • Operating grants and contributions, and • Capital grants and contributions, including special assessments. Revenues that are not classified as program revenues, including internally dedicated resources and all County levied taxes or taxes not levied by the County that are not restricted to a specific program, are reported as general revenues. Generally, the effect of interfund activity has been eliminated from the government-wide financial statements to minimize the double counting of internal activities. However, charges for interfund services provided and used are not eliminated if doing so would distort the direct costs and program revenues reported by the departments concerned. Fund financial statements – provide information about the County’s funds, including fiduciary funds and blended component units. Separate statements are presented for the governmental, proprietary, and fiduciary fund categories. The emphasis of fund financial statements is on major governmental and enterprise funds, each displayed in a separate column. All remaining governmental and enterprise funds are aggregated and reported as nonmajor funds. Fiduciary funds are aggregated and reported by fund type. 46 Notes to the Financial Statements (Continued) Proprietary fund revenues and expenses are classified as either operating or nonoperating. Operating revenues and expenses generally result from transactions associated with the fund’s principal activity. Accordingly, revenues, such as user charges and net patient charges, in which each party receives and gives up essentially equal values, are reported as operating revenues. Nonoperating revenues, such as subsidies and investment income, result from transactions in which the parties do not exchange equal values. Revenues generated by ancillary activities are also reported as nonoperating revenues. Operating expenses include the cost of services, administrative expenses, and depreciation on capital assets. Other expenses, such as interest expense, are considered to be nonoperating expenses. The County reports the following major governmental funds: The General Fund – is the County’s primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund. The Jail Operations Fund – was established under the authority of propositions 400 and 401, which were passed in the General Election of November 3, 1998. These propositions authorized a temporary 1/5 of one-cent sales tax to be used for the construction and operation of adult and juvenile detention facilities. On November 5, 2002, the voters approved the extension of the 1/5 of one-cent sales tax in the General Election. The extension begins in the month following the expiration of the original tax and may continue for not more than twenty years after the date the tax collection begins. The Jail Operations Fund accounts for the jail tax revenue and transfers from the General Fund for maintenance of effort and jail operations expenditures. The Jail Operations Fund transfers monies to the Jail Construction Fund for the construction of the jail facilities. The amount to be transferred to the Jail Construction Fund for any given year is determined through the budget planning process and tied to the jail tax collection projection and construction schedules. The General Obligation Fund – accounts for debt service on all various purpose general obligation bonds. Funding is provided by the County’s secondary property tax revenues, which may be used only for debt service. The Lease Revenue Fund – accounts for the debt service on the Lease Revenue Bonds, Series 2001, and the Lease Revenue Refunding Bonds, Series 2003. Funding is provided by transfers from the General Fund. The County reports the following major enterprise funds: The Medical Center Fund – accounts for the operations of the Maricopa Medical Center which provides quality, cost competitive health care and health professional education to assure the health security of individuals, families, and the community. The Maricopa Health Plan Fund – is an ambulatory health care program operated by Maricopa Managed Care Systems (MMCS). MMCS contracts with the Arizona Health Care Cost Containment System (AHCCCS) which provides monthly capitation revenues based on Acute Health Care program enrollment. The Arizona Long--Term Care System (ALTCS) Fund – is a managed care, long-term care program operated by Maricopa Managed Care Systems (MMCS). Chronically ill and physically disabled patients receive medical services as a result of an annual contract with the Arizona Health Care Cost Containment System (AHCCCS). The Non-AHCCCS Health Plans Fund – accounts for the operations of the Non-AHCCCS health care programs consisting primarily of the following: Health Select – a managed health care program offered to employees, spouses and their families and Senior Select – a Medicare program operating under contract with the Federal government. 47 Notes to the Financial Statements (Continued) The County reports the following fund types: The internal service funds – account for automotive maintenance and service, telecommunications services, printing and duplicating services, insurance services, self-insured employee benefits, and warehouse services provided to County departments or to other governments on a cost reimbursement basis. The investment trust funds – account for pooled assets held and invested by the County Treasurer on behalf of other governmental entities. The agency funds – account for assets held by the County as an agent for other governments and individuals. C. Basis of Accounting The government-wide, proprietary fund, and fiduciary fund financial statements are presented using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded at the time liabilities are incurred, regardless of when the related cash flows take place. Property taxes are recognized as revenue in the year for which they are levied. Grants and donations are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. Governmental funds in the fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Under this method, revenues are recognized when measurable and available. The County considers all revenues reported in the governmental funds to be available if the revenues are collected within 60 days after year-end. Expenditures are recorded when the related fund liability is incurred, except for principal and interest on general long-term debt, claims and judgments and compensated absences, which are recognized as expenditures to the extent they are due and payable. General capital asset acquisitions are reported as expenditures in governmental funds. Proceeds of general long-term debt and acquisitions under capital lease agreements are reported as other financing sources. Under the terms of grant agreements, the County funds certain programs by a combination of grants and general revenues. Therefore, when program expenses are incurred there are both restricted and unrestricted net assets available to finance the program. The County applies grant resources to such programs before using general revenues. The County’s business-type activities, enterprise funds, and the discretely presented component unit of the County follow FASB Statements and Interpretations issued on or before November 30, 1989; Accounting Principles Board Opinions; and Accounting Research Bulletins, unless those pronouncements conflict with GASB pronouncements. The County has chosen the option to not follow FASB Statements and Interpretations issued after November 30, 1989. D. Cash and Investments For purposes of its statements of cash flows, the County considers only those highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. Nonparticipating interest-earning investment contracts are stated at cost. Money market investments and participating interest-earning investment contracts with a remaining maturity of one year or less at time of purchase are stated at amortized cost. All other investments are stated at fair value. 48 Notes to the Financial Statements (Continued) E. Inventories Inventories of the governmental funds consist of expendable supplies held for consumption and are recorded as expenditures at the time of purchase. Amounts on hand at year-end are shown on the balance sheet as an asset for informational purposes only and are offset by a fund balance reserve to indicate that they do not constitute “available spendable resources.” These inventories are stated at weighted-average cost. Inventories of the proprietary funds are recorded as assets when purchased and expensed when consumed. The amount shown on the statement of net assets for the enterprise funds is valued at cost using the first-in, first-out method. The amount shown on the statement of net assets for the internal service funds is valued at cost using the moving average method. F. Property Tax Calendar The County levies real property taxes and commercial personal property taxes on or before the third Monday in August that become due and payable in two equal installments. The first installment is due on the first day of October and becomes delinquent after the first business day of November. The second installment is due on the first day of March of the next year and becomes delinquent after the first business day of May. During the year, the County also levies mobile home personal property taxes that are due the second Monday of the month following receipt of the tax notice and become delinquent 30 days later. A lien assessed against real and personal property attaches on the first day of January preceding assessment and levy. G. Capital Assets Capital assets, which include property, plant, equipment, and infrastructure assets (e.g., roads, bridges, sidewalks, and similar items), are reported in the government-wide statements and the proprietary funds. Capital assets are defined as assets with an initial, individual cost of more than $5,000. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at estimated fair market value at the date of donation. For infrastructure assets owned prior to fiscal year 2002, the County estimated the Department of Transportation’s historical cost for these infrastructure assets. The fair market value for right-of-way assets was estimated based on current regional land acquisitions and deflated by the trended growth rate as determined by the County assessed valuation from the State of Arizona Department of Revenue Abstract of the Assessment Roll for vacant land, agriculture and government property not including legally exempt land. The fair market value for roadway system assets was estimated based on current construction costs and deflated using the Price Trends for Federal–aid Highway Construction, published in Price Trends for Federal-aid Highway Construction by the U.S. Department of Transportation, Federal Highway Administration, Office of Program Administration, and Office of Infrastructure. The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets’ lives are not capitalized. Property, plant, and equipment of the primary government and the discretely presented component unit is depreciated using the straight-line method over the following estimated useful lives: 49 Notes to the Financial Statements (Continued) ESTIMATED USEFUL LIFE (IN YEARS) TYPE OF ASSETS Buildings Infrastructure Autos and trucks Other equipment PRIMARY GOVERNMENT 20 - 50 20 - 50 3 - 10 3 - 20 DISCRETELY PRESENTED COMPONENT UNIT 20 - 30 7 7 All infrastructure assets maintained by the County Department of Transportation, consisting of roadways, bridges and related assets, are reported on the government-wide financial statements. These assets will not be depreciated as they are maintained using the modified approach. Under the modified approach, the County’s roadway and bridge systems are being preserved at a specified condition level established by the County. For information on the modified approach see Required Supplementary Information – Modified Approach for Infrastructure Assets. The Flood Control District accounts for the County’s remaining infrastructure assets consisting of drainage systems, dams, flood channels and canals. For the Flood Control District, only infrastructure assets acquired since fiscal year 2002 are reported on the government-wide financial statements. Flood Control District capital assets reported as infrastructure will be depreciated starting in fiscal year 2004, as assets previously reported as construction in progress have been completed and placed in service. H. Investment Income Investment income is composed of interest, dividends, and net changes in the fair value of applicable investments. I. Compensated Absences Compensated absences consist of vacation leave and a calculated amount of sick leave earned by employees based on services already rendered. Employees may accumulate up to 240 hours of vacation leave, but any vacation hours in excess of the maximum amount that are unused at calendar year-end convert to sick leave. Upon termination of employment, all unused vacation benefits are paid to employees. Accordingly, vacation benefits are accrued as a liability in the financial statements. Employees may accumulate an unlimited number of sick leave hours. Generally, sick leave benefits provide for ordinary sick pay and are cumulative but are forfeited upon termination of employment. Because sick leave benefits do not vest with employees, a liability for sick leave benefits is not accrued in the financial statements. However, upon retirement, County employees with accumulated sick leave in excess of 1,000 hours are entitled to a $3,000 bonus. The amount of such bonuses is accrued as a liability. Compensated absences are substantially paid within one year from fiscal year end and are therefore reported as a current liability on the government-wide financial statement. NOTE 2 – REPORTING CHANGES Effective July 1, 2003, the County Board of Supervisors authorized the creation of the Housing Authority pursuant to A.R.S. §36-1404. The Housing Authority will be reported as a discretely presented component unit. In prior years, the Housing Department Fund (special revenue fund) was part of the primary government and was reported as a nonmajor governmental fund. This constitutes a change in reporting entity. Beginning in fiscal year 2004, the County established the Flood Control Grants Fund (special revenue fund) and the Medical Examiner Grants Fund (special revenue fund). Both are nonmajor governmental funds. 50 Notes to the Financial Statements (Continued) The County renamed several special revenue funds as follows. All are nonmajor governmental funds. New Name Animal Care and Control Animal Care and Control Donations Animal Care and Control Field Services Animal Care and Control Grants and Donations Juvenile Probation Grants Juvenile Probation Special Fees Old Name Animal Control Animal Control Donations Animal Control Field Services Animal Control Grants Juvenile Court Grants Juvenile Probation NOTE 3 – BEGINNING BALANCES RESTATED In fiscal year 2003, the Housing Department was reported as a nonmajor governmental fund included in Governmental Activities. Effective July 1, 2003, the Housing Department became the Housing Authority of Maricopa County (Authority) and will now be reported as a discretely presented component unit. As a result of the creation of the Housing Authority, the County restated beginning net assets of Governmental Activities and the beginning fund balance of the Fund financial statements total governmental funds as follows: Governmental Activities Net assets/fund balance reported as of June 30, 2003 $ 2,204,587,032 Less: Delete Housing Department Fund for discrete presentation Net assets/fund balance as of July 1, 2003, as restated Total Governmental Funds $ 675,992,361 (29,134,574) $ 2,175,452,458 (1,922,398) $ 674,069,963 In addition, effective fiscal year 2004, the Authority had implemented the Department of Housing and Urban Development (HUD) GAAP Flyer No. 4 issued in January 2000 in relation to HUD debt. The debt had historically been shown as a long-term liability in the County’s financial statements under Housing Department bonds and loans payable. As a result of HUD GAAP Flyer No. 4, the Authority had decided to write-off all amounts related to the long-term liabilities as of July 1, 2003, as HUD secures this debt through an annual contributions contract. The Authority’s beginning net assets were restated as follows for the write-off of certain assets and expenses related to long-term debt and to adjust compensated absences, allowance for doubtful accounts, and accumulated depreciation for misstatements. The beginning net assets of the Housing Authority Component Unit were adjusted for the above as follows: Housing Department Fund net assets reported in Governmental Activities as of June 30, 2003 Remove housing bonds and loans payable as of June 30, 2003 Remove accrued interest payable as of June 30, 2003 $ 29,134,574 1,692,121 73,530 Remove HUD contributions receivable related to long-term debt as of June 30, 2003 (250,705) Adjust to eliminate allowance for doubtful accounts previously reported for long-term note receivable 232,853 Adjust for errors in compensated absences as of June 30, 2003 (95,679) Adjust for errors in accumulated depreciation as of June 30, 2003 Housing Authority net assets as of July 1, 2003, as restated 51 9,411 $ 30,796,105 Notes to the Financial Statements (Continued) NOTE 4 – RECONCILIATION OF GOVERNMENT-WIDE AND FUND FINANCIAL STATEMENTS The Governmental Funds Balance Sheet includes a reconciliation between fund balances – total governmental funds and net assets – Governmental Activities as reported in the government-wide Statement of Net Assets. The details of this reconciliation follow: Fund balances – total governmental funds $ 711,344,649 Capital assets used in governmental activities are not financial resources and therefore, are not reported in the funds. Land Buildings and improvements Machinery and equipment Infrastructure Construction in progress Accumulated depreciation Net governmental funds capital assets at June 30, 2004 $ 267,945,344 1,128,207,324 165,062,018 456,642,003 168,530,055 (289,273,735) $ 1,897,113,009 Other assets are not available to pay for current period expenditures and therefore, are deferred in the funds. Deferred revenue for property taxes receivable at June 30, 2004 Deferred revenue for grant revenues receivable at June 30, 2004 Deferred revenue for contributions received at June 30, 2004 Internal service funds are used by management to charge the costs of equipment services, telecommunications, reprographics, risk management, employee benefits, and the sheriff warehouse to individual funds. The assets and liabilities of the internal service funds are included in governmental activities in the Statement of Net Assets. $ $ 7,602,537 9,781,804 2,860,000 20,244,341 $ 2,736,185 Some long-term liabilities and compensated absences are not due and payable shortly after June 30, 2004, and therefore, are not reported in the funds. Noncurrent lease revenue bonds due in more than one year at June 30, 2004 Stadium District revenue bonds payable at June 30, 2004 Stadium District contractual obligations payable at June 30, 2004 Special assessment debt with governmental commitment payable at June 30, 2004 Deferred issuance cost at June 30, 2004 Bond premium payable at June 30, 2004 Governmental funds capital leases payable at June 30, 2004 Claims and judgments payable at June 30, 2004 Governmental funds compensated absences payable at June 30, 2004 Accrued interest payable at June 30, 2004 Net assets of governmental activities $ (85,894,077) (55,225,000) (6,428,888) (311,414) 4,049,605 (7,931,460) (10,473,225) (19,990,000) (35,635,566) (247,307) $ (218,087,332) $ 2,413,350,852 52 Notes to the Financial Statements (Continued) The governmental fund reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances is a reconciliation between net changes in fund balances – total governmental funds and changes in net assets of governmental activities as reported in the government-wide Statement of Activities. The details of this reconciliation follows: Net change in fund balances – total governmental funds $ 39,000,819 $ 248,465,695 (36,017,001) 419,330 212,868,024 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 expense. This is the amount by which capital outlays exceeded depreciation in the current period. Governmental funds capital outlay Government-wide depreciation expense for the year ended June 30, 2004 Add: Internal service funds depreciation expense for the year ended June 30, 2004 $ The net effect of various miscellaneous transactions involving capital assets (i.e., sales, trade-ins, and donations) is to decrease net assets. Net value of disposed capital assets for the year ended June 30, 2004 Adjustment for the net value of assets capitalized in the current year but acquired in prior years Construction in progress, expenditures not capitalized, deletions or infrastructure assets transferred to other municipalities $ $ (19,894,814) 3,228,526 (31,488,647) (48,154,935) Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the funds. Collections of deferred revenues plus current-year grant revenues exceeding amounts reported as earned for the year ended June 30, 2004 Property taxes earned during the year ended June 30, 2004 Contribution revenue earned during the year ended June 30, 2004 $ $ (1,228,238) 1,212,854 2,860,000 2,844,616 The issuance of long-term debt (e.g., bonds, leases) provides current financial resources to governmental funds, while the repayment of the principal of long-term debt consumes the current financial resources of governmental funds. Neither transaction, however, has any effect on net assets. Also, governmental funds report the effect of issuance costs, premiums, discounts, and similar items when debt is first issued, whereas these amounts are deferred and amortized in the Statement of Activities. This amount is the net effect of these differences in the treatment of long-term debt and related items. Principal payments on bonds Proceeds from capital leases Premium on bonds Principal payments on certificates of participation Principal payments on capital leases Deferred issuance costs Proceeds from issuance of lease revenue bonds Accrued interest payable on long-term debt $ $ 31,384,993 (6,333,484) 444,450 5,808,084 14,801,501 (168,525) (15,598,262) 153,013 30,491,770 Some expenses 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. Increase in employee compensation payable Decrease in reserve for inventories Increase in claims and judgments payable $ $ (2,015,025) (1,726,133) (3,961,060) (7,702,218) Internal service funds are used by management to charge the costs of equipment services, telecommunications, reprographics, risk management, employee benefits, and the sheriff warehouse to individual funds. The net revenue of internal service funds is reported with governmental activities. $ 8,550,318 Change in net assets of governmental activities $ 237,898,394 53 Notes to the Financial Statements (Continued) NOTE 5 – STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY At June 30, 2004, the following funds reported deficits in fund balances or net assets. FUND DEFICIT Governmental Funds: Jail Construction Fund Accommodation Schools Adult Probation Grants Animal Care and Control Grants and Donations CDBG Housing Trust Clerk of Court Grants Correctional Health Grants County Attorney Grants Emergency Management Environmental Services Grants Flood Control Grants Human Services Grants Juvenile Probation Grants Library Grants Medical Examiner Grants Public Health Sheriff Grants Small Schools Service Program Superior Court Grants $19,229,461 535,118 137,158 1,232 16,322 140,416 39,110 461,130 80,804 1,565,069 56,836 2,406,961 780,885 27,831 217,476 2,423,007 371,934 23,756 17,039 Proprietary Funds: Maricopa Health Plan Non-AHCCCS Health Plans Equipment Services Risk Management $11,335,323 10,009,464 1,571,981 9,424,450 The Jail Construction Fund deficit in fund balance resulted from capital outlay during the year in excess of transfers in from the Jail Operations Fund. This is expected to be corrected through normal operations in fiscal years 2005 or 2006. The deficits in fund balances or net assets for Adult Probation Grants, Clerk of Court Grants, Correctional Health Grants, County Attorney Grants, Emergency Management, Environmental Services Grants, Flood Control Grants, Human Services Grants, Juvenile Probation Grants, Library Grants, Medical Examiner Grants, Public Health, Sheriff Grants and Superior Court Grants Funds were attributed to the deferring of certain grant revenues. The County accrues grant revenue received within 60 days after year-end, as it is available and measurable. Revenues received after 60 days are considered not available and are therefore deferred. The deficit in net assets for the Maricopa Health Plan and Non-AHCCCS Health Plans Funds was a result of increases in estimates for incurred but not reported medical claims from prior years and duplicate payments made to providers, both of which are currently being reviewed by the County. The Risk Management Fund deficit is the result of the County Board of Supervisors electing to not fund the Risk Management Fund’s unpaid claims. Consequently, the Risk Management Fund only billed user departments for operating costs and administrative expenses from fiscal year 1996 to fiscal year 1999, resulting in a fund deficit of $23,321,519 at June 30, 1999. On July 1, 1999, Risk Management began billing user departments for actuarially determined paid claim estimates. 54 Notes to the Financial Statements (Continued) The remaining deficits in fund balances or net assets resulted from operations during the year and are expected to be corrected through normal operations in fiscal year 2005. NOTE 6 – DEPOSITS AND INVESTMENTS Arizona Revised Statutes (A.R.S.) authorize the County to invest public monies in the State Treasurer’s investment pool; U.S. Treasury obligations; specified state and local government bonds; and interestearning investments such as savings accounts, certificates of deposit, and repurchase agreements in eligible depositories. Statute requires collateral for demand deposits, certificates of deposit, and repurchase agreements at 101 percent of all deposits not covered by federal depository insurance. County Treasurer’s Investment Pool – Arizona Revised Statutes require community colleges, school districts, and other local governments to deposit certain public monies with the County Treasurer (see Note 7). Those monies are pooled with County monies for investment purposes. At June 30, 2004, the investment pool had cash on hand of $4,500. The carrying amount of the pool’s total cash in bank was $15,507,249 and the bank balance was $17,597,709. Of the bank balance, $100,000 was covered by federal depository insurance, and $17,497,709 was covered by collateral held in the bank’s custodial account with the Federal Reserve Bank and in the County’s name in the bank’s records. At June 30, 2004, the investments in the County Treasurer’s investment pool consisted of the following: U.S. government securities $ Reported Amount 2,214,570,056 Fair Value 2,214,570,056 $ The investment pool’s investments at June 30, 2004, are categorized below to give an indication of the level of risk assumed by the County at year-end. Category I includes investments that are insured or registered in the County’s name, or for which the securities are held by the County or its agent in the County’s name. Category II includes uninsured and unregistered investments for which the securities are held by the counterparty’s trust department or agent in the County’s name. Category III includes uninsured and unregistered investments for which the securities are held by the counterparty, or by its trust department or agent but not in the County’s name. CATEGORY I U.S. government securities $ 2,214,570,056 CATEGORY II $ CATEGORY III $ REPORTED AMOUNT $ 2,214,570,056 FAIR VALUE $ 2,214,570,056 Other Deposits – At June 30, 2004, the total nonpooled cash on hand was $96,270. The carrying amount of the total nonpooled cash in bank/trustee was $39,056,835 and the bank/trustee balance was $40,672,728. Of the bank/trustee balance, $819,742 was covered by federal depository insurance; $2,118,320 was covered by collateral held by the pledging financial institution’s trust department or agent in the County’s name; $34,463,295 was covered by collateral held in the bank’s or trustee’s custodial account with the Federal Reserve Bank and in the County’s name in the bank’s/trustee’s records; and $3,271,371 was uninsured and uncollateralized. 55 Notes to the Financial Statements (Continued) Other Investments - At June 30, 2004, the County’s nonpooled investments consisted of the following: Reported Amount U.S. government securities $ Mutual funds with trustee Mutual funds Guaranteed investment contracts Fair Value 9,265,877 $ 9,265,877 19,336,694 19,336,694 5,716,456 5,716,456 8,654,119 Total $ 42,973,146 8,654,119 $ 42,973,146 The County’s nonpooled investments at June 30, 2004, are categorized below to give an indication of the level of risk assumed by the County at year-end. CATEGORY I U.S. government securities Mutual funds with trustee CATEGORY II $ $ $ $ CATEGORY III REPORTED AMOUNT $ 9,265,877 19,336,694 $ 28,602,571 $ Investments not subject to categorization: Mutual funds Guaranteed investment contracts Total investments 9,265,877 19,336,694 5,716,456 8,654,119 $ 42,973,146 FAIR VALUE $ 9,265,877 19,336,694 5,716,456 8,654,119 $ 42,973,146 The Board of Supervisors authorized $1,684,732 of interest earned in certain other funds to be transferred to the General Fund. A reconciliation of cash and investments to amounts shown on the Statements of Net Assets follows: Cash and investments: Cash on hand Carrying amount of deposits Reported amount of investments County Treasurer’s Investment Pool $ 4,500 15,507,249 2,214,570,056 $ Total $ $ 2,230,081,805 Other 96,270 39,056,835 42,973,146 82,126,251 $ $ Total 100,770 54,564,084 2,257,543,202 2,312,208,056 Statements of Net Assets: Cash in bank and on hand Cash and investments held by County Treasurer Cash and investments held by trustee Total Primary Government $ 7,787,968 743,373,505 44,271,364 Total Fiduciary Funds $ 29,114,744 1,486,708,300 Component Unit $ 952,175 $ Total $ 795,432,837 $ 1,515,823,044 $ $ 2,312,208,056 56 952,175 Total 37,854,887 2,230,081,805 44,271,364 Notes to the Financial Statements (Continued) NOTE 7 – CONDENSED FINANCIAL STATEMENTS OF COUNTY TREASURER’S INVESTMENT POOL Arizona Revised Statutes require community colleges, school districts, and other local governments to deposit certain public monies with the County Treasurer. The Treasurer has a fiduciary responsibility to administer those and the County monies under his stewardship. The Treasurer invests, on a pool basis, all idle monies not specifically invested for a fund or program. In addition, the Treasurer determines the fair value of those pooled investments monthly and at June 30. The County Treasurer’s investment pool is not registered with the Securities and Exchange Commission as an investment company and there is no regulatory oversight of its operations. 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. Details of each major investment classification follows. Investment Type U. S. government securities Principal $ 2,200,391,282 Interest Rates 0.96 – 4.33% Maturities Up to 3 Years Fair Value $ 2,214,570,056 Reported Amount $ 2,214,570,056 A condensed statement of the investment pool’s net assets and changes in net assets follows. Statement of net assets Assets Liabilities Net assets Net assets held in trust for: Internal participants External participants Total net assets held in trust $ 2,239,312,280 $ 2,239,312,280 $ 746,730,683 1,492,581,597 2,239,312,280 $ Statement of changes in net assets Total additions Total deductions Net increase/(decrease) Net assets held in trust: July 1, 2003 June 30, 2004 $ $ 18,541,086,615 18,345,095,985 195,990,630 2,043,321,650 2,239,312,280 NOTE 8 – RECEIVABLES Receivables as of year-end for the County’s individual major funds and nonmajor funds in the aggregate, including the applicable allowances for uncollectible accounts, are shown as follows. Taxes receivable does not have an allowance for uncollectible taxes, as the uncollectible amount is considered immaterial. 57 Notes to the Financial Statements (Continued) Governmental Funds Jail Operations General Fund Receivables: Taxes Accrued interest Special assessments Total receivables $ $ 9,537,973 1,356,222 $ 10,894,195 $ Other Governmental Funds Lease Revenue $ $ 191,013 1,434,535 1,173,425 288,872 2,896,832 241,224 191,013 $ 241,224 $ Total $ 10,972,508 2,961,884 288,872 14,223,264 $ Proprietary Funds Medical Center Receivables: Accounts Accrued interest Gross receivables Allowance for uncollectibles Net total receivables $ $ Maricopa Health Plan 117,968,873 $ 117,968,873 (69,927,964) 48,040,909 $ 20,541,254 $ 20,541,254 20,541,254 ALTCS Non-AHCCCS Health Plans 17,321,380 $ 17,321,380 $ 17,321,380 $ Other Enterprise Funds 477,490 6,882 484,372 $ 484,372 $ Internal Service Funds $ Total $ 62,592 62,592 183,076 183,076 62,592 $ 183,076 $ 156,308,997 252,550 156,561,547 (69,927,964) 86,633,583 Advances from/to other funds represent monies owed from the Medical Center Fund and the Solid Waste Fund (nonmajor enterprise fund) to the General Fund as the County extinguished certain debt in advance of maturity in fiscal year 2004 using County monies and requires repayment to the General Fund. Advances between funds as of year-end are as follows. Advances From the General Fund Advances To Medical Center Fund $ 408,077 $ 493,243 Solid Waste Fund 85,166 Total Advances From Annual requirements to maturity for advances from the General Fund are as follows: Proprietary Funds Year Ending June 30 2005 Medical Center Fund $ 68,013 Solid Waste Fund $ 12,166 Total $ 80,179 2006 68,013 12,166 80,179 2007 68,013 12,166 80,179 2008 68,013 12,166 80,179 2009 68,013 12,166 80,179 2010 - 2011 68,012 $ 24,336 408,077 $ 85,166 92,348 $ 493,243 Discretely presented component unit: Receivables as of year-end for the Housing Authority, including the applicable allowances for uncollectible accounts, are shown as follows: 58 Notes to the Financial Statements (Continued) Component Unit Housing Authority Receivables: Accounts Tenant Interest receivable Notes receivable Gross receivables Allowance for uncollectibles Net total receivables $ $ 1,407,011 38,868 410,433 3,000,000 4,856,312 (17,357) 4,838,955 In December 2001, the Housing Authority made a loan to develop apartments for low-income residents in Avondale, Arizona. As of June 30, 2004, the Housing Authority had a note receivable of $3,000,000 with an interest rate of 5.5% until paid in full. The note receivable, including accrued interest is $3,410,433. The note receivable will be repaid in full on December 14, 2051, or when the property is sold. NOTE 9 – DUE FROM OTHER GOVERNMENTAL UNITS Amounts due from other governmental units at June 30, 2004, of $146,391,429, as reported on the Governmental Funds Balance Sheet, include $61,515,528, $12,851,639 and $14,353,485 in state-shared revenues for sales taxes, vehicle license taxes and highway user taxes, respectively; $18,618,954 in jail taxes collected by the State but not received by the County; $840,903 in rental car surcharge collected by the State but not received by the County; $17,707,980 in various Federal and State grants; $3,956,455 due from other governments for prisoner detention and police services; $8,596,278 due from cities and towns for Flood Control District and Transportation Department intergovernmental agreements; $4,663,789 due from the State for excess share of contributions to the Arizona Long-Term Care System Fund; and $3,050,000 pledged from other governmental agencies for the Human Services Project. The balance of $236,418 is comprised of miscellaneous receivables from Federal, State and local governments. NOTE 10 – CAPITAL ASSETS Capital asset activity for the year ended June 30, 2004 was as follows: Balance July 1, 2003, as restated Governmental activities: Nondepreciable assets: Land Construction in progress Infrastructure Total capital assets not being depreciated Depreciable assets: Buildings and improvements Machinery and equipment Infrastructure Total Less accumulated depreciation for: Buildings and improvements Machinery and equipment Infrastructure Total Total capital assets being depreciated, net Governmental activities capital assets, net $ Increases 230,600,241 445,095,180 413,010,136 1,088,705,557 $ 39,633,732 167,570,172 53,401,976 260,605,880 Balance June 30, 2004 Decreases $ 2,288,629 444,135,297 9,917,584 456,341,510 $ 267,945,344 168,530,055 456,494,528 892,969,927 755,469,371 161,455,038 147,475 917,071,884 381,506,223 32,644,612 8,444,621 22,251,832 414,150,835 30,696,453 160,779,385 110,492,985 1,265,837 12,917,100 271,272,370 18,981,124 17,028,913 6,964 36,017,001 14,182,937 178,494,672 114,604,798 6,964 293,106,434 645,799,514 378,133,834 16,513,516 1,007,419,832 472,855,026 $ 1,900,389,759 $ 1,734,505,071 59 $ 638,739,714 $ 1,128,530,973 171,847,818 147,475 1,300,526,266 Notes to the Financial Statements (Continued) Balance July 1, 2003, as restated Business-type activities: Nondepreciable assets: Land Construction in progress Total capital assets not being depreciated $ Increases 2,909,679 7,379,859 10,289,538 Balance June 30, 2004 Decreases $ $ $ 1,517,606 1,517,606 2,909,679 8,897,465 11,807,144 Depreciable assets: Buildings and improvements Machinery and equipment Total 105,281,734 92,723,390 198,005,124 2,686,585 2,686,585 549,675 162,116 711,791 104,732,059 95,247,859 199,979,918 Less accumulated depreciation for: Buildings and improvements Machinery and equipment Total 42,269,136 59,009,616 101,278,752 4,760,387 9,408,670 14,169,057 172,236 162,116 334,352 46,857,287 68,256,170 115,113,457 96,726,372 (11,482,472) 377,439 84,866,461 Total capital assets being depreciated, net Business-type activities capital assets, net Discretely presented component unit: Housing Authority of Maricopa County Nondepreciable assets: Land Construction in progress Total capital assets not being depreciated $ 107,015,910 $ $ 6,596,777 1,963,052 8,559,829 $ Depreciable assets: Buildings and improvements Machinery and equipment Less accumulated depreciation Total Discretely presented component unit capital assets, net 38,116,180 495,915 21,258,216 17,353,879 $ 25,913,708 (9,964,866) $ 377,439 $ 96,673,605 $ 502,525 502,525 6,596,777 2,465,577 9,062,354 9,894 1,296,697 (1,286,803) 38,116,180 505,809 22,554,913 16,067,076 $ $ (784,278) $ $ 25,129,430 The July 1, 2003, beginning balances for governmental activities capital assets were restated due to the reporting of the Housing Authority as a discretely presented component unit effective fiscal year 2004, see Note 3 – Beginning Balances Restated for additional information. In addition, the governmental activities infrastructure balance was restated to reclassify the beginning balance of the Flood Control District’s completed infrastructure from nondepreciable to depreciable assets. Depreciation expense was charged to functions/programs as follows: Government activities: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Internal service funds Total governmental activities depreciation expense 60 $ $ 8,640,619 13,941,658 2,896,146 1,360,644 8,407,629 350,975 419,330 36,017,001 Notes to the Financial Statements (Continued) Business-type activities: Medical Center Arizona Long-Term Care System Total business-type activities depreciation expense $ $ 13,311,883 857,174 14,169,057 NOTE 11 – CONSTRUCTION AND OTHER SIGNIFICANT COMMITMENTS At June 30, 2004, Maricopa County had the following major contractual commitments related to various capital projects. Commitments have been grouped into four major categories: Transportation Construction Projects, Flood Control Construction Projects, Construction and Maintenance of Adult and Juvenile Jail Facilities, and Construction of the Administration Center and various County facilities. Transportation Construction Projects At June 30, 2004, the Maricopa County Transportation Department had contractual commitments of $8,354,558 for construction of various highway projects. Funding for these expenditures will be provided from Highway User Fuel Tax, the primary source of revenue for the Transportation Department. These projects are accounted for in the Transportation Capital Projects Fund (nonmajor governmental fund). Flood Control Construction Projects At June 30, 2004, the Maricopa County Flood Control District had contractual commitments of $9,295,381 for the construction of various flood control projects. Funding for these expenditures will be provided from the Flood Control District’s tax levy of property within Maricopa County, the primary source of revenue for the Flood Control District. These projects are accounted for in the Flood Control Capital Projects Fund (nonmajor governmental fund). Construction and Maintenance of Adult and Juvenile Jail Facilities On November 3, 1998, at the general election, the voters approved a 1/5 of one-cent sales tax to begin January 1, 1999, for the construction and maintenance of adult and juvenile jail facilities. The tax shall continue in effect until $900 million of revenue is collected, but in no event more than nine years. On November 5, 2002, at the general election, the voters approved an extension of the existing jail sales tax of 1/5 of one-cent for jail facilities and programs. The extended tax shall be levied beginning the month following the expiration of the previous tax as approved by the voters in 1998. At June 30, 2004, Maricopa County had contractual commitments of $9,212,275. These projects are accounted for in the Jail Construction Fund. Construction of various County facilities At June 30, 2004, Maricopa County had contractual commitments of $45,229 related to major capital projects financed by the Lease Revenue Bonds, Series 2001. These projects are accounted for in the County Improvement Fund (nonmajor governmental fund). The County had additional contractual commitments of $2,815,963 relating to major capital projects accounted for in the Intergovernmental Capital Projects Fund (nonmajor governmental fund), and funded predominantly through transfers from the General Fund. 61 Notes to the Financial Statements (Continued) NOTE 12 – LONG-TERM LIABILITIES The following schedule details the County’s long-term liability and obligation activity for the year ended June 30, 2004. Balance July 1, 2003, as restated Additions Transfers in (out) Reductions Balance June 30, 2004 Due Within One Year Governmental activities: Bonds, loans, and other payables: General obligation bonds $ 39,515,000 $ 20,165,000 $ 20,165,000 13,527,577 93,569,382 7,675,306 57,225,000 2,000,000 55,225,000 2,490,000 Stadium District contractual obligations Special assessment debt with governmental commitment 7,888,888 1,460,000 6,428,888 85,530 343,102 Certificates of participation payable 5,808,084 Lease revenue bonds 91,558,756 Stadium District revenue bonds $ 368,573 Capital leases Total bonds, loans, and other payables Plus: bond premium $ 19,350,000 15,538,203 60,059 $ 86,199 5,808,084 19,414,905 6,333,484 14,928,284 10,820,105 5,199,392 221,779,206 21,931,746 57,159,475 186,551,477 35,615,897 8,375,910 457,156 901,606 7,931,460 230,155,116 22,388,902 58,061,081 194,482,937 35,615,897 16,028,940 6,561,000 1,458,300 19,990,000 1,522,600 43,494,675 33,833,435 29,656,347 47,671,763 20,952,699 59,523,615 40,394,435 31,114,647 (1,141,640) 67,661,763 22,475,299 $ 289,678,731 $ 62,783,337 $ 89,175,728 $ (1,141,640) $ 262,144,700 $ 58,091,196 $ $ $ $ $ 16,670,618 $ Total bonds, loans, and other payables Other liabilities: Claims and judgments payable Reported and incurred but not reported claims Totals other liabilities Governmental activities long-term liabilities (1,141,640) Business-type activities: Bonds and other payables: Lease revenue bonds Certificates of participation Installment purchase agreements 17,986,244 5,841,955 1,419,694 5,075,368 5,865,000 365,000 2,350,524 1,098,475 1,252,049 393,200 533,332 40,089 493,243 40,089 5,059,661 12,055,887 24,280,910 2,217,983 8,188,995 1,477,319 194,460 1,141,640 10,613,494 314,456 8,188,995 1,477,319 194,460 1,141,640 10,613,494 314,456 6,536,980 $ 12,250,347 $ 1,141,640 $ 34,894,404 Advances from other funds Total bonds and other payables 4,526,329 10,940,368 31,277,136 Other liabilities: Liability for closure and postclosure costs Total other liabilities Business-type activities long-term liabilities $ 39,466,131 $ $ 2,532,439 On May 1, 2004, the Medical Center Fund remitted $3,184,532 of unspent proceeds from the $124,855,000 Lease Revenue Bonds, Series 2001, to the County Improvement Fund (nonmajor governmental fund). As a result, the debt service requirements were decreased by $3,184,532 for business-type activities and increased by $3,184,532 for the governmental activities. In fiscal year 2004, a transfer of $1,141,640 in liabilities was made from governmental activities to report claims and judgments payable previously reported in governmental activities to the Solid Waste Fund (nonmajor enterprise fund) liability for closure and postclosure costs. The transfer was related to the cleanup costs associated with a landfill designated as a superfund site. The July 1, 2003, liabilities for governmental activities was restated as the Housing Authority wrote off all amounts applicable to the Authority bonds and loans of $50,811 and $1,641,310, respectively, in accordance with the Department of Housing and Urban Development (HUD) GAAP Flyer No. 4, which states that HUD and not the Housing Authority is directly obligated for the debt. See Note 2 – Reporting Changes and Note 3 – Beginning Balances Restated for additional information. 62 Notes to the Financial Statements (Continued) Bonds, loans, and other payables were as follows at June 30, 2004: General Obligation Bonds General obligation bonds are direct obligations of the government. Prior to issuance, general obligation bonds have a majority vote approval from the residents. Principal and interest are payable from secondary property taxes levied on all taxable property within the County without limitation as to rate or amount. The bonds are generally callable and the interest is payable semiannually. DESCRIPTION 2001 Refunding Bonds AMOUNT OF ISSUE $ INTEREST RATES MATURITY DATES 4% 7-1-04 20,165,000 OUTSTANDING AT JUNE 30, 2004 $ 20,165,000 Annual debt service requirements to maturity for general obligation bonds are as follows: Governmental Activities General Obligation Bonds Year Ending June 30 2005 Principal $ 20,165,000 Interest $ 403,300 Legal Debt Margin - County indebtedness pertaining to general obligation bonds may not exceed six percent of the value of the County’s taxable property ascertained by the last assessment. However, with voter approval, the County may become indebted for an amount not to exceed 15 percent of such taxable property. At June 30, 2004, the County’s net general obligation debt was $20,165,000, (0.07% of taxable property), while the 6 percent limit was $1,648,679,252 and the 15 percent limit was $4,121,698,129. Lease Revenue Bonds On June 1, 2001, the Maricopa County Public Finance Corporation issued $124,855,000 of Lease Revenue Bonds to pay for the acquisition, construction, and equipment for the Public Service Building, Forensic Science Center, Superior Court Customer Service Center, parking garages, and related projects. Under the terms of the bond indentures, the Corporation received the proceeds to construct and purchase these assets and the County will make lease payments to extinguish the debt. Lease payments will equal the aggregate amount of principal and interest due at that date. Upon the final lease payment, the title to the assets will transfer to the County. The County’s obligation to make lease payments will be subject to and dependent upon annual appropriations being made by the County. Bonds maturing after July 1, 2012, are subject to optional redemption in increments of $5,000 on July 1, 2011, or any date thereafter, at par plus accrued interest to the date fixed for redemption. In the event of nonappropriation, the bonds would be subject to special redemption at par plus accrued interest to the redemption date. On December 3, 2003, the Maricopa County Public Finance Corporation issued $16,880,000 of Lease Revenue Refunding Bonds for the current refunding of various certificates of participation, series 2000, 1996, 1994, and 1993 totaling $10,074,452, and capital leases and an installment purchase contract totaling $11,104,817. The County contributed $4,461,354 to facilitate the refunding. Under the terms of the bond indentures, the Corporation received the proceeds to call or payoff County debt obligations. By June 1, 2004, all proceeds from the Lease Revenue Refunding Bonds were used to call and defease the described debt and no proceeds remain with the trustee. The County will make lease payments to extinguish the refunding debt. The County will be obligated to pay on each lease payment date an amount equal to the lease payments then due. The County’s obligation to pay the lease payments will continue until all lease payments due under the lease have been paid. The County’s obligation to make lease payments will be subject to and dependent upon annual appropriations being made by the County. The bonds are not subject to optional redemption prior to maturity; however, in the event of nonappropriation, the bonds would terminate and be subject to special mandatory redemption at par plus accrued interest, without premium. 63 Notes to the Financial Statements (Continued) The following Lease Revenue Bonds were outstanding at June 30, 2004: DESCRIPTION AMOUNT OF ISSUE 2001 Lease Revenue Bonds 2003 Lease Revenue Refunding Bonds $ 124,855,000 16,880,000 $ 141,735,000 INTEREST RATES MATURITY DATES 3.45 – 5.50% 2.50 – 4.00% 7-1-04/15 7-1-04/12 OUTSTANDING AT JUNE 30, 2004 $ 93,360,000 16,880,000 $ 110,240,000 Annual debt service requirements to maturity for lease revenue bonds are as follows: Governmental Activities Business Type Activities Lease Revenue Bonds Year Ending June 30 2005 Principal $ 7,675,306 Interest $ Total Principal 4,495,656 $ 12,170,962 $ 1,419,694 Interest $ 823,323 Total $ 2,243,017 2006 7,849,497 4,179,726 12,029,223 1,465,503 695,633 2,161,136 2007 7,967,462 3,807,995 11,775,457 1,537,538 627,290 2,164,828 2008 6,871,009 3,481,208 10,352,217 1,613,991 564,171 2,178,162 2009 7,114,314 3,168,611 10,282,925 1,485,687 503,768 1,989,455 2010 – 14 38,723,846 9,985,613 48,709,459 6,551,154 1,509,229 8,060,383 2015 – 16 Total 17,367,948 956,846 18,324,794 2,597,051 143,079 2,740,130 $ 93,569,382 $ 30,075,655 $ 123,645,037 $ 16,670,618 $ 4,866,493 $ 21,537,111 Refunded and Refinanced Obligations – During fiscal year 2004, the Maricopa County Public Finance Corporation issued Lease Revenue Refunding Bonds, Series 2003, for $16,880,000 (par value) with interest rates ranging from 2.5% to 4% and maturing from July 1, 2004, to July 1, 2012. The bonds were issued at a premium of $457,156 and a debt service reserve account previously established totaling $4,461,354 was also used for the current refunding. After paying issuance expense costs of $263,284, the net proceeds including the reserve account were $21,535,226. The proceeds were used to call or payoff the following debt issues by June 1, 2004: 2000 certificates of participation principal of $4,103,000, interest rates ranging from 5.80% to 6.0% and maturing on July 1, 2010; 1996 certificates of participation principal of $1,576,452, interest rates ranging from 5.90% to 6.25% and maturing on June 1, 2011; 1994 certificates of participation principal of $3,815,000, interest rate of 6.0% and maturing on June 1, 2004; 1993 certificates of participation principal of $580,000, interest rates ranging from 5.0% to 5.25% and maturing on June 1, 2008; and several capital leases and an installment purchase contract totaling $11,104,817 with interest rates ranging from 4.525% to 5.84%. As a result of the refunding, the certificates of participation and the capital leases are considered defeased and the related liabilities are not included on the financial statements. In addition, the County reduced its total debt service requirements by $2,692,948, which resulted in an economic gain (difference between the present value of the debt service payments on the old and new debt) of $1,234,420. Stadium District Revenue Bonds Stadium District Revenue Bonds are special obligations of the District. The bonds are payable solely from pledged revenues, consisting of car rental surcharges levied and collected by the Stadium District pursuant to A.R.S. §48-4234. Under the statute, the Stadium District may set the surcharge at $2.50 on each lease or rental of a motor vehicle licensed for hire, for less than one year, and designed to carry fewer than 15 passengers, regardless of whether such vehicle is licensed in the State of Arizona. The Stadium District Board of Directors initially levied a surcharge at a rate of $1.50 beginning in January 1992 and increased the surcharge to $2.50, the maximum amount permitted by statute, in January 1993. The bonds do not constitute a debt or a pledge of the faith or credit of Maricopa County, the State of Arizona, or any other political subdivision. The payment of the bonds is enforceable solely out of the pledged revenues and no owner shall have any right to compel any exercise of taxing power of the District, except for surcharges. The bonds maturing prior to June 1, 2012, are not subject to redemption prior to maturity. 64 Notes to the Financial Statements (Continued) The bonds maturing after June 1, 2013, are subject to optional redemption in increments of $5,000 at par plus accrued interest. The Stadium District had the following revenue bonds outstanding at June 30, 2004: DESCRIPTION AMOUNT OF ISSUE Revenue Refunding Bonds, Series 2002 $ 58,225,000 INTEREST RATES MATURITY DATES 5 — 5.375% 6-1-05/19 OUTSTANDING AT JUNE 30, 2004 $ 55,225,000 Annual debt service requirements to maturity for Stadium District bonds are as follows: Governmental Activities Stadium District Revenue Bonds Year Ending June 30 2005 2006 2007 2008 2009 2010 – 14 2015 – 19 Total Principal $ 2,490,000 2,685,000 2,820,000 2,960,000 3,105,000 17,940,000 23,225,000 $ 55,225,000 Interest 2,862,094 2,737,592 2,603,345 2,462,344 2,314,344 9,162,994 3,875,912 $ 26,018,625 $ In prior years, the Stadium District defeased senior bonds by placing the proceeds of new bonds in an irrevocable trust to provide for all future debt service payments on the old bonds. Accordingly, the trust account assets and the liability for the defeased bonds are not included in the County’s financial statements. At June 30, 2004, $8,335,000 of bonds outstanding are considered defeased as summarized below. Refunded in Prior Years Issue Series 1996 Senior Bonds Outstanding Principal Call Date $ 8,335,000 July 1, 2006 Stadium District Contractual Obligations On February 17, 1994, the Stadium District entered into an agreement with the Arizona Diamondbacks (Team) to provide for the financing of a portion of the costs of acquisition and construction of a new major league baseball stadium. In connection with the agreement, the Stadium District committed to provide up to $253,000,000 for the cost of the new stadium. The $253,000,000 was funded through the use of $238,000,000 of the special sales tax levy. Under the Facility Development Agreement for the major league baseball stadium, the Stadium District was obligated to obtain a loan in the amount not to exceed $15 million to pay for part of the Stadium District’s portion of construction costs. The Team agreed to include the Stadium District loan in its financing in order to allow the Stadium District to obtain more favorable financing terms, and the Stadium District agreed to repay the Team for this increase in the Team’s borrowing. At June 30, 2004, the Stadium District had contractual commitments outstanding of $6,428,888 with a fixed interest rate of 7.15%. 65 Notes to the Financial Statements (Continued) Annual debt service requirement to maturity for Stadium District contractual commitments are as follows: Governmental Activities Stadium District Contractual Obligations Year Ending June 30 2005 2006 2007 2008 2009 2010 – 14 2015 – 19 2020 – 24 TOTAL Principal $ $ $ 1,666,668 2,777,780 1,984,440 6,428,888 $ Interest 459,921 459,921 459,921 459,921 459,921 2,120,753 1,206,635 258,416 5,885,409 Special Assessment Debt With Governmental Commitment Special assessment bonds are payable from assessments collected from property owners benefited by the respective improvements. The proceeds were used to finance construction in these districts. While there is no legal obligation for the County to further secure the special assessment bonds of the districts below, the County has made a moral commitment to take steps necessary to prevent default. Special assessment bonds currently outstanding for governmental activities are as follows: DESCRIPTION Fairview Lane Grand View Manor East Fairview Lane Queen Creek Water White Fence Farms th 104 Place/University Central Avenue Billings Street Marquerite Drive th 7 Street North AMOUNT OF ISSUE $ 59,379 274,888 60,657 301,960 185,810 83,236 301,905 14,004 60,670 60,059 $ 1,402,568 MATURITY DATES 1-1-05/06 1-1-05 1-1-05/07 7-1-04/17 1-1-05/07 1-1-05/07 1-1-05/09 1-1-05/08 7-1-04/11 1-1-05/14 INTEREST RATES 9.000% 9.000% 9.000% 4.875% 9.000% 9.000% 9.000% 9.000% 9.000% 8.000% OUTSTANDING AT JUNE 30, 2004 $ 6,155 20,860 10,755 76,597 33,092 17,928 75,276 2,766 39,614 60,059 $ 343,102 Annual debt service requirements to maturity for special assessment debt with governmental commitment are as follows: Governmental Activities Special Assessment Year Ending June 30 2005 2006 2007 2008 2009 2010 – 14 2015 – 18 Total Principal $ $ 86,199 54,064 50,506 19,974 34,887 75,587 21,885 343,102 66 Interest $ $ 26,440 19,513 14,805 10,657 8,953 18,333 2,134 100,835 Notes to the Financial Statements (Continued) Certificates of Participation Certificates of participation represent proportionate interests in semiannual lease payments. The certificates are generally callable after July 1, 2010, with interest paid semiannually. The County’s obligation to make lease payments is subject to annual appropriations being made by the County for that purpose. On November 1, 2000, Maricopa County Public Finance Corporation issued $6,975,000 of certificates of participation to pay for the acquisition of and improvements to the Desert Vista Hospital and medical office facilities. The following certificates of participation were outstanding at June 30, 2004: DESCRIPTION AMOUNT OF ISSUE 2000 Certificates of Participation $ 6,975,000 INTEREST RATES MATURITY DATES 4.70 - 5.50% 7-1-04/15 OUTSTANDING AT JUNE 30, 2004 $ 5,865,000 Annual debt service requirements to maturity for certificates of participation are as follows: Business-Type Activities Year Ending June 30 2005 2006 2007 2008 2009 2010 – 14 2015 – 16 TOTAL $ $ Principal 365,000 385,000 400,000 420,000 445,000 2,595,000 1,255,000 5,865,000 $ $ Interest 289,508 271,786 253,043 233,258 212,170 692,961 69,682 2,022,408 Capital Leases The County has entered into various lease-purchase agreements, which are noncancellable, for the acquisitions of the following equipment: Governmental Activities Audio/Visual Systems Computer Systems and Equipment Communications Equipment Library Bookmobile Medical Equipment Printing Equipment $ Total Capital Assets Accumulated Depreciation 56,502 4,181,393 519,240 207,720 186,793 125,290 5,276,938 (1,674,456) Net Value of Leased Capital Assets $ 3,602,482 These lease-purchase agreements require the County to pay all maintenance costs. At the time of the final principal and interest payments, title to the leased equipment transfers to the County. These leases are contingent on budgetary appropriations each fiscal year. The assets are capitalized at total principal cost. 67 Notes to the Financial Statements (Continued) The following schedule details debt service requirements to maturity for the County’s capital leases payable at June 30, 2004. Governmental Activities Year Ending June 30 2005 2006 2007 2008 $ Total minimum lease payments 5,398,977 3,503,240 2,176,267 62,860 11,141,344 Amount representing interest (321,239) Present value of net minimum lease payments $ 10,820,105 The present value of net minimum lease payments at June 30, 2004, of $10,820,105 exceeds the total capital assets of $5,276,938 because a significant portion of the assets acquired through capital leases are computer related equipment that is below the County’s capitalization threshold. Installment Purchase Contracts Payable The County has entered into installment purchase contracts payable for the acquisition of medical equipment used in the Medical Center Fund (business-type activities), at a total purchase price of $2,382,705. Medical Equipment Accumulated Depreciation Net Value of Installment Purchase Capital Assets Business-Type Activities $ 2,382,705 (1,130,686) $ 1,252,019 The following schedule details debt service requirements to maturity, including interest varying from 3.25 to 4.50 percent, for the County’s installment purchase contracts payable at June 30, 2004. Year Ending June 30 2005 2006 2007 2008 Total minimum payments Amount representing interest Present value of net minimum payments 68 Business-Type Activities $ 404,040 378,731 358,051 208,863 1,349,685 (97,636) $ 1,252,049 Notes to the Financial Statements (Continued) Funding Source for Governmental Activities Liabilities Governmental Funds Liabilities Funding Source General obligation bonds Lease revenue bonds Stadium District revenue bonds Stadium District contractual obligations Special assessment debt with governmental commitment Capital leases General Obligation Fund Lease Revenue Fund Stadium District Fund (nonmajor debt service fund) Bank One Ballpark Operations Fund (nonmajor special revenue fund) Special Assessment Fund (nonmajor debt service fund) General Fund (96%), nonmajor special revenue funds (1%), internal service funds (3%) General Fund Risk Management Fund and Employee Benefits Fund (internal service funds) Claims and judgments payable Reported and incurred but not reported claims Conduit Debt Obligations Maricopa County issues revenue bonds on behalf of private sector entities to provide financial assistance for projects deemed to be of public interest. Neither the principal, accrued interest or premium, if any, shall ever constitute an indebtedness of the County or State of Arizona or any political subdivision, nor shall it be a liability or a charge against the general credit or taxing powers. Accordingly, the bonds are not reported as liabilities in the accompanying financial statements. As of June 30, 2004, there were three revenue bond issues outstanding, with an aggregate principal amount payable of $114,880,000. Arbitrage Compliance The County is in compliance with all Federal arbitrage regulations for tax-exempt debt securities. As of June 30, 2004, the County had no arbitrage liability. NOTE 13 – MUNICIPAL LANDFILL CLOSURE AND POSTCLOSURE CARE COSTS The County has five landfills and three transfer stations. State and federal laws and regulations require the County to place a final cover on four of its landfill sites when it stops accepting waste and to perform certain maintenance and monitoring functions at the sites for 30 years after closure. Although one landfill and the transfer stations are exempt from these regulations, the County is performing postclosure monitoring of the sites and has included these estimated costs in the liability. Although closure and postclosure care costs will not be paid until near or after the date that the landfills stop accepting waste, the County reports a portion of these closure and postclosure care costs in each operating period even though actual payouts will not occur until the landfills are closed. These costs will be paid from the Solid Waste Fund (nonmajor enterprise fund). The amount recognized each year is based on landfill capacity used at the end of each fiscal year. The landfill closure and postclosure care liability at June 30, 2004, includes the cumulative amount of $8,919,554 reported to date based on the use of 99.7 percent of the estimated capacity of the landfills. The County will recognize the remaining estimated cost of the closure and postclosure care of $177,207 as the remaining estimated capacity is filled. Additionally, in August 1992, there was a Rule of Decision issued in federal court governing suspected groundwater contamination at the Hassayampa Landfill and the County has been determined to be 28% responsible for the cost of remedial investigation and the feasibility study which is being conducted with regulatory oversight by the U.S. Environmental Protection Agency. In fiscal year 2003, the County included the long-term portion of these costs in the amount of $1,141,640 for the ground water contamination as an accrued liability in governmental activities claims and judgments payable. In fiscal year 2004, the County determined it would be more appropriate to report the total liability for the costs of the remedial investigation for the Hassayampa Landfill of $1,693,940 in the 69 Notes to the Financial Statements (Continued) closure and postclosure costs of the Solid Waste Fund. Therefore, during fiscal year 2004, a transfer was made from the Solid Waste Fund to reimburse governmental activities in the amount of the prior year accrued liability. The total landfill closure and postclosure care liability of $10,613,494 is comprised of both the $8,919,554 for the capacity of landfills used as of June 30, 2004, and the $1,693,940 remedial investigation costs for the Hassayampa Landfill. These amounts are based on what it would cost to perform all closure and postclosure care and remedial investigation costs in fiscal year 2004; the actual costs may be higher due to inflation, changes in technology, changes in regulations, or results of the investigational study. The County currently has only one landfill that is still accepting waste and expects to close this landfill in fiscal year 2006. According to state and federal laws and regulations, the County must comply with the local government financial test requirements that assure the County can meet the costs of landfill closure, postclosure, and corrective action when needed. The County is in compliance with these requirements. NOTE 14 – MUNICIPAL REVOLVING LINE OF CREDIT AND IRREVOCABLE STANDBY LETTER OF CREDIT On July 1, 2001, the County entered into a $35,000,000 municipal revolving line of credit with an interest rate of 65% of the bank’s prime rate and a maturity date of June 30, 2004. The municipal revolving line of credit was renewed to July 1, 2005, for $35,000,000. Outstanding principal and interest is due on June 30 of each year. During fiscal year 2004, the County had not borrowed against the line of credit. On July 1, 2003, the County entered into a $9,058,610 irrevocable standby letter of credit issued to the Industrial Commission of Arizona for unfunded workers’ compensation claims. The irrevocable standby letter of credit matured on July 1, 2004. The letter of credit was reserved against the municipal revolving line of credit. During fiscal year 2004, the letter of credit had not been drawn upon. The irrevocable standby letter of credit was renewed to July 1, 2005, for $8,503,093. NOTE 15 – OPERATING LEASES Operating Leases – The County’s operating leases are for office equipment, land, and buildings. Rental expenses under the terms of these operating leases for governmental activities were $17,584,756 for the year ended June 30, 2004. These operating leases have remaining lease terms from one to eight years. Also, they provide renewal options and are contingent on budgetary appropriations each fiscal year. The future minimum rental payments required under these operating leases as of June 30, 2004, are as follows: Governmental Activities $ 10,242,746 8,268,453 6,877,361 4,160,217 2,351,536 2,219,827 Year Ended June 30 2005 2006 2007 2008 2009 2010 - 12 Total minimum payments required 70 $ 34,120,140 Notes to the Financial Statements (Continued) NOTE 16 – RISK MANAGEMENT Self-Insurance The Risk Management Fund (internal service fund) accounts for the financing of the insured risk of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; injuries to employees and natural disasters. The County carries commercial insurance for general and automobile liability in excess of $5,000,000 per occurrence (limit $30 million), medical malpractice liability in excess of $5,000,000 per occurrence (limit $25 million), and workers’ compensation benefits in excess of $1,000,000 per occurrence (limit $25 million). Settled claims have not exceeded this commercial coverage since the inception of these insurance policies. Liabilities for unpaid claims are estimates determined by an independent actuary using the following actuarial methods: reported loss development, paid loss development, Bornhuetter-Ferguson reported loss and paid loss, frequency times severity, case outstanding loss development, expected loss, incremental paid workers’ compensation, paid allocated loss adjustment expense (ALAE) to paid loss development, and tail liability for medical malpractice. Accrued actuarial liabilities are based on a discounted 55 percent confidence level assuming a 3.0 percent annual rate of return on future investment income. Accrued actuarial liabilities at June 30, 2004, for each insurable area follow: General liability Automobile liability Malpractice Workers’ compensation Property reserve Auto physical damage reserve Total $ $ 21,514,758 451,958 10,654,951 9,413,495 365,508 131,943 42,532,613 Changes in the unpaid claims liability reported in the Risk Management Fund follow: Year 2001-02 2002-03 2003-04 $ Balance July 1 40,569,044 41,677,379 41,047,771 Current-Year Claims And Changes In Estimates $ 8,410,852 5,907,531 8,992,628 Claim Payments $ (7,302,517) (6,537,139) (7,507,786) Balance June 30 $ 41,677,379 41,047,771 42,532,613 The Employee Benefits Trust Fund (internal service fund) accounts for the financing of the insured risk of loss for certain health benefits (pharmacy, medical, dental, short-term disability, hospital co-pay reimbursements, and medical incentives) to eligible employees and their dependents. The liability for pharmacy, medical, dental, and short-term disability claims is based on fiscal year 2004 actuarial reports. The hospital co-pay reimbursements program was discontinued effective December 31, 2003. The liability for hospital co-pay reimbursements is based on historical reimbursements. The liability for medical incentives is based on the contract with CIGNA Healthcare (CIGNA). Effective January 1, 2004, the Health Select medical and pharmacy program was transferred from the Maricopa Integrated Health System to the Employee Benefits Trust Fund. Accrued actuarial liabilities at June 30, 2004, for each insurable area follow: 71 Notes to the Financial Statements (Continued) Pharmacy Medical Dental Short-term disability Hospital co-pay reimbursements Medical incentives Total $ $ 295,000 3,568,000 500,000 175,000 1,150 600,000 5,139,150 Changes in the unpaid claims liabilities reported in the Employee Benefits Trust Fund follow: Year 2001-02 2002-03 2003-04 $ Balance July 1 139,887 794,084 2,446,904 $ Current-Year Claims And Changes In Estimates 5,842,675 13,182,511 24,840,807 Claim Payments $ (5,188,478) (11,529,691) (22,148,561) Balance June 30 $ 794,084 2,446,904 5,139,150 Other Claims The County has exposure to the following claims areas carrying no commercial insurance: Indigent Health Care Litigation - At June 30, 2004, there were 52,785 claims pending against the County representing full-billed charges of approximately $252 million for indigent health care. This amount is subject to a statutory discount that averages more than 50%. It is not practical to determine the anticipated outcome of the litigation and to estimate the potential losses due to the fact that the Court has not yet provided a ruling to clarify the current statutory provisions that would provide the parties with the ability to adjudicate the claims. In addition, less than ten per cent of the claims have actually been reviewed for legitimacy due to the large number of claims filed and the refusal of the hospital plaintiffs to provide requested support for verification of submitted claims. During the fiscal year 2004, $64 million in claims with individual hospitals were settled for less than $3 million; however, the method of determining the settlement amount can vary between hospitals as each hospital has a different set of requirements for calculating and agreeing on a settlement. The Superior Court of Maricopa County has appointed a Special Master to facilitate the dispute process. In the opinion of outside legal counsel, no accrual for potential liability can be reasonably determined. A prior judgment of $1.1 million was awarded to hospital plaintiffs in November 2002. The amount of this judgment, which was in the appeal process, is being accrued at June 30, 2004, in claims and judgments payable in the government-wide financial statements for governmental activities. Prejudgment interest is not included, as the amount cannot be estimated at this time. Environmental Liability - The County has estimated and reported an environmental liability of $18,890,000 in the government-wide financial statements for governmental activities (in claims and judgments payable). Management reports litigation, claims, and estimated remedial costs for asserted claims including environmental liabilities, discovered from the ongoing assessment of County land and facilities, which may include aquifer protection, storm water discharge, asbestos, lead paint, indoor air quality, monitoring of underground storage tanks, and the cleanup and monitoring of landfills. Current environmental liabilities pertain to the cleanup and monitoring of leaking underground storage tanks, asbestos, lead paint, and landfill costs not accounted for in the Solid Waste Fund (nonmajor enterprise fund). There is a potential incremental liability of $32,110,000, which is contingent upon the extent to which additional environmental contamination is found pertaining to asbestos, microbial abatement, and landfill costs. Additional liabilities pertaining to landfill cleanup are reported in the Solid Waste Fund (nonmajor enterprise fund) as closure and postclosure costs. 72 Notes to the Financial Statements (Continued) The County also has outstanding claims of approximately $4 million at June 30, 2004, pertaining to disputes regarding property taxes levied. No accrual has been made as a majority of the claims have been in litigation for several years and the amounts are not material to the County. In the event the County is not successful in defending these claims, the County will account for the payment of the claims as a reduction in the current year tax levy. The allocation of the property tax levy will be based on the levy year in which the claim has arisen. Health Care Programs The County operates four health care programs that are accounted for in the Maricopa Health Plan Fund, ALTCS Fund and the Non-AHCCCS Health Plans Fund to provide health care services to the programs’ enrollees. The liability for medical claims payable of $91,424,508 presented in the Statement of Net Assets for the Proprietary Funds represents the outstanding medical claims for health care services received by the programs’ enrollees. The incurred but not reported portion of this liability was actuarially calculated. NOTE 17 – EMPLOYEE RETIREMENT PLANS Plan Descriptions The County contributes to the four 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 Arizona State Retirement System (ASRS) administers a cost-sharing multiple-employer defined benefit pension plan that covers general employees of the County. The ASRS is governed by the Arizona State Retirement System Board according to the provisions of Arizona Revised Statutes Title 38, Chapter 5, Article 2. The Public Safety Personnel Retirement System (PSPRS) (Sheriff, Investigators, and Park Rangers) 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 the participating local boards according to the provisions of Arizona Revised Statutes Title 38, Chapter 5, Article 4. The Corrections Officer Retirement Plan (CORP) is an agent multiple-employer defined benefit pension plan that covers certain employees of the State of Arizona, Departments of Corrections and Juvenile Corrections, and county employees whose primary duties require direct inmate contact. The CORP is governed by The Fund Manager of PSPRS and the participating local boards according to the provisions of Arizona Revised Statutes Title 38, Chapter 5, Article 6. The Elected Officials Retirement Plan (EORP) is a cost-sharing multiple-employer defined benefit pension plan that covers elected officials and judges of certain state and local governments. The EORP is governed by The Fund Manager of PSPRS according to the provisions of Arizona Revised Statutes Title 38, Chapter 5, Article 3. 73 Notes to the Financial Statements (Continued) 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 P.O. Box 33910 Phoenix, AZ 85067-3910 (602) 240-2000 or (800) 621-3778 www.asrs.state.az.us PSPRS, CORP, EORP 3010 East Camelback Road, Suite 200 Phoenix, AZ 85016 (602) 255-5575 www.psprs.com Funding Policy The Arizona State Legislature establishes and may amend active plan members’ and the County’s contribution rates. Cost-Sharing Plans - For the year ended June 30, 2004, active ASRS members and the County were each required by statute to contribute at the actuarially determined rate of 5.7 percent (5.2 percent retirement and 0.5 percent long-term disability) of the members’ annual covered payroll. The County’s contributions to ASRS for the years ended June 30, 2004, 2003, and 2002 were $29,855,413, $12,352,160, and $11,046,104, respectively, which were equal to the required contributions for the year. In addition, active EORP members were required by statute to contribute 7 percent of the members’ annual covered payroll. The County was required to remit a designated portion of court docket fees plus additional contributions of 6 percent of the member’s annual covered payroll, as determined by actuarial valuation. The County’s contributions to EORP for the years ended June 30, 2004, 2003, and 2002 were $3,269,129, $2,414,989, and $2,350,549, respectively, which were equal to the required contributions for the year. Agent Plans - For the year ended June 30, 2004, active PSPRS (Maricopa County Sheriff) members were required by statute to contribute 7.65 percent of the members’ annual covered payroll, and the County was required to contribute at the actuarially determined rate of 7.87 percent. Active PSPRS (Maricopa County Attorney Investigators) members were required by statute to contribute 7.65 percent of the members’ annual covered payroll, and the County was required to contribute at the actuarially determined rate of 8.20 percent. Active PSPRS (Maricopa County Park Rangers) members were required by statute to contribute 7.65 percent of the members’ annual covered payroll, and the County was required to contribute at the actuarially determined rate of 12.35 percent. Active CORP members were required by statute to contribute 8.50 percent of the members’ annual covered payroll, and the County was required to contribute at the actuarially determined rate of 2.96 percent. Annual Pension Cost - The County’s pension cost for the two agent plans for the year ended June 30, 2004, and related information follows. (Sheriff) Contribution rates: County Plan members Annual pension cost Contributions made $ $ 7.87% 7.65% 2,360,677 2,360,677 PSPRS (Investigators) $ $ 8.20% 7.65% 57,649 57,649 CORP (Park Rangers) $ $ 12.35% 7.65% 27,507 27,507 $ $ 2.96% 8.50% 1,220,978 1,220,978 The current-year annual required contributions for the PSPRS (Sheriff, Investigators, and Park Rangers) and CORP were determined as part of their June 30, 2002, actuarial valuations using the entry-age actuarial cost method. The actuarial assumptions included (a) 9 percent investment rate of return and (b) projected salary increases ranging from 6.5 percent to 9.5 percent per year. Both (a) and (b) included an 74 Notes to the Financial Statements (Continued) inflation component of 5.5 percent. The assumptions did not include cost-of-living adjustments. The actuarial value of assets was determined using techniques that smooth the effects of short-term volatility in the market value of investments over a 4-year period. The unfunded (excess) actuarial accrued liability is being amortized as a level percentage of projected payroll on an open basis. The remaining amortization period at June 30, 2002, was 20 years. Trend Information – Annual pension cost information for the current and two preceding years for each of the agent plans follows. Contributions Required and Contributions Made Percentage of APC Annual Pension Cost Contributed (APC) Plan Year Ended June 30, 2004 PSPRS (Sheriff) PSPRS (Investigators) PSPRS (Park Rangers) CORP $ $ $ $ 2,360,677 57,649 27,507 1,220,978 100.0% 100.0% 100.0% 100.0% Net Pension Obligation $ $ $ $ Contributions Required and Contributions Made Percentage of APC Annual Pension Cost (APC) Contributed Plan Year Ended June 30, 2003 PSPRS (Sheriff) PSPRS (Investigators) PSPRS (Park Rangers) CORP $ $ $ $ 1,186,189 13,666 80,716 719,772 100.0% 100.0% 100.0% 100.0% Net Pension Obligation $ $ $ $ Contributions Required and Contributions Made Percentage of APC Annual Pension Cost (APC) Contributed Plan Year Ended June 30, 2002 PSPRS (Sheriff) PSPRS (Investigators) PSPRS (Park Rangers) CORP $ $ $ $ 1,028,902 28,371 64,913 704,556 100.0% 100.0% 100.0% 100.0% 0 0 0 0 0 0 0 0 Net Pension Obligation $ $ $ $ 0 0 0 0 NOTE 18 – INTERFUND BALANCES AND ACTIVITY Interfund receivables and payables – interfund balances at June 30, 2004, were as follows: Due From General Fund Due To General Fund Lease Revenue Fund $ $ Maricopa Health Plan Fund Medical Center Fund $ $ 2,144,421 ALTCS Fund $ 1,789,813 Non-AHCCCS Health Plans Fund Nonmajor Governmental Funds $ 11,000,000 $ Jail Operations Fund Medical Center Fund 273,153 21,864,994 21,431,703 ALTCS Fund 3,696,825 Nonmajor Governmental Funds 3,405,087 Internal Service Funds Total Due From 595,268 5,408,244 4,061,089 8,061,964 1,202,320 1,021,120 23,048,091 3,449,046 12,918,379 3,666,442 16,627,551 15,833,478 1,305 19,239,870 274,458 $110,687,958 1,781,686 $ 30,748,592 273,153 21,864,994 Maricopa Health Plan Fund Non-AHCCCS Health Plans Fund Total Due To $ 14,934,234 1,781,686 $ 15,833,478 $ 34,901,911 $ 75 7,407,830 $ 6,051,523 $ 15,470,166 $ Notes to the Financial Statements (Continued) The balance due to the General Fund of $21,864,994 from the Medical Center Fund and $3,696,825 from the Non-AHCCCS Health Plans Fund resulted from a cash deficit. In the following fiscal year, the County budgets cash transfers to the Medical Center Fund and the Non-AHCCCS Health Plans Fund for operating expenses. The County General Fund will transfer monies during the subsequent fiscal year to subsidize operations of the Maricopa Health Plan Fund, ALTCS Fund and the Non-AHCCCS Health Plans Fund in the amounts of $2,144,421, $1,789,813 and $11,000,000, respectively. The remaining cash deficits were the result of timing differences from sales tax revenues and grant revenues received in the subsequent year and cash transfers that had not occurred at June 30, 2004. Interfund transfers – interfund transfers for the year ended June 30, 2004, were as follows: Transfers In Transfers Out General Fund Jail Operations Fund General Obligation Fund Medical Center Fund Nonmajor Governmental Funds Total Transfers In Jail Operations Fund General Fund $ General Obligation Fund $ 120,866,924 $ $ 120,866,924 $ 379,851 Lease Revenue Fund Medical Center Fund Maricopa Health Plan Fund ALTCS Fund Non-AHCCCS Health Plans Fund Nonmajor Governmental Funds $ 5,226,039 $ 15,374,170 $ 3,894,421 $ 29,289,813 $ 11,679,789 $ $ 5,226,039 $ 15,374,170 $ 3,894,421 $ 29,289,813 $ 11,679,789 111,669,097 $ 168,895,430 8,640,514 48,585,819 Internal Service Funds $ 2,374,000 32,539 467,860 $ 32,539 847,711 $ 2,374,000 Total Transfers Out $ 197,725,521 48,585,819 32,539 467,860 111,669,097 $ 358,480,836 Transfers of capital assets and long-term debt: Enterprise Fund transfer to general capital assets Enterprise Fund transfer to governmental activities Internal Service Funds transfers to general capital assets Total transfers out $ 350,545 1,141,640 81,705 360,054,726 In the fund financial statements, total transfers in of $358,480,836 are less than total transfers out of $360,054,726 because of transfers of capital assets from and long-term debt to the proprietary funds. During the year, existing capital assets with a book value of $432,250 were transferred from the proprietary funds to County-wide capital assets. The proprietary funds reported transfers out for the net carrying value of the assets; however, there were no offsetting transfers in reported in the fund financial statements as these assets were transferred to County-wide capital assets. In addition, a transfer of $1,141,640 was made from the Solid Waste fund to reimburse governmental activities for claims and judgments payable previously reported in governmental activities. All interfund transfers are budgeted and are used to move revenues from the fund that collects them to the fund that expends them. In addition, the General Fund transferred an operating subsidy to the Medical Center and the County health care programs. The interfund receivables, payables, and transfers by fund are as follows: Due From Other Funds Funds MAJOR FUNDS General Fund $ 30,748,592 Special Revenue Fund Jail Operations Fund Due To Other Funds $ 14,934,234 273,153 Debt Service Fund General Obligation Fund Lease Revenue Fund 15,833,478 Enterprise Funds Medical Center Fund Maricopa Health Plan Fund ALTCS Fund Non-AHCCCS Health Plans Fund 34,901,911 7,407,830 6,051,523 15,470,166 76 21,864,994 23,048,091 12,918,379 16,627,551 Transfers In $ 32,539 Transfers Out $ 197,725,521 120,866,924 48,585,819 847,711 5,226,039 32,539 15,374,170 3,894,421 29,289,813 11,679,789 818,405 Notes to the Financial Statements (Continued) Due From Other Funds Funds NONMAJOR FUNDS Special Revenue Funds Accommodation Schools Fund Animal Care and Control Fund Animal Care and Control Donations Fund Animal Care and Control Field Services Fund Animal Control Grants and Donations Fund Bank One Ballpark Operations Fund CDBG Housing Trust Fund Correctional Health Grants Fund Environmental Services Grant Fund Flood Control Fund Flood Control Grants Fund Human Services Grants Fund Juvenile Probation Grants Fund Library Fund Library Grants Fund Medical Examiner Grants Fund Parks Enhancement Fund Parks Lake Pleasant Fund Parks Souvenir Fund Planning and Development Fund Public Defender Grants Fund Public Health Pharmacy Fund Research and Reporting Fund Sheriff Grants Fund Stadium District Fund Transportation Fund Waste Tire Program Fund $ Due To Other Funds $ 359,482 36,487 Transfers In $ Transfers Out $ 412,127 443 53,133 11,904 43,710 1,186,481 1,305 803,599 52,644,000 53,867 532,703 138,675 1,322 14,908 211,352 29,520 60,366 29,520 20,574 106,539 49,213 521 273,153 794,078 1,305 200,000 57,171,064 123,116 Debt Service Funds Stadium District Fund 200,000 Capital Projects Funds Bank One Ballpark Project Reserve Fund Flood Control Capital Projects Fund General Fund County Improvement Fund Jail Construction Fund Transportation Capital Projects Fund 803,599 52,644,000 9,032,477 48,585,819 57,000,000 15,833,478 Enterprise Fund Solid Waste Fund Internal Service Funds Employee Benefits Trust Fund Equipment Services Fund Sheriff Warehouse Fund Telecommunications Fund Total 200,000 1,704 412,127 1,184 1,141,640 2,374,000 1,418,317 363,369 $ 110,687,958 $ 10,926 110,687,958 70,779 360,054,726 358,480,836 Transfers to general capital assets: Medical Center Fund (Enterprise Fund) Equipment Services Fund (Internal Service Fund) Telecommunications Fund (Internal Service Fund) 350,545 10,926 70,779 Transfer to government-wide: Solid Waste Fund (Enterprise Fund) $ 77 1,141,640 360,054,726 $ 360,054,726 Notes to the Financial Statements (Continued) NOTE 19 – DISPROPORTIONATE SHARE SETTLEMENT Section 1923 of the Social Security Act establishes federal requirements designed to aid entities that provide medical services to a disproportionate share of medically indigent patients. These requirements were met for the year ended June 30, 2004, through disproportionate share settlements established by Laws 2003, First Regular Session, Chapter 262 and Laws 2004, Second Special Session, Chapter 277. AHCCCS was directed to distribute such settlements based on various qualifying criteria and allocation processes. Laws 2003 and Laws 2004 appropriated disproportionate share settlement amounts to be distributed to the hospitals for the year ended June 30, 2004. The Medical Center’s share of the settlement for the year ended June 30, 2004, totaled $103,317,300. However, Laws 2003, First Regular Session, Chapter 265 and Laws 2004, Second Regular Session, Chapter 277 also mandated the reimbursement of $99,115,000 through the State Treasurer to the State General Fund. NOTE 20 – MEDICAL CENTER FUND’S OPERATING REVENUES Operating revenues: Gross patient service revenue $ Deductions from patient service revenues: Contractual and administrative adjustments Cost containment system contractual adjustments Net patient service revenues 716,375,670 (152,434,402) (211,251,575) 352,689,693 Other operating revenues: Charges for services 20,823,685 Other: Miscellaneous Disproportionate share settlement Disproportionate share reimbursements Total other revenues 2,839,037 103,317,300 (99,115,000) 7,014,337 Total other operating revenues 27,865,022 Total operating revenues $ 380,554,715 NOTE 21 – SUBSEQUENT EVENTS In the November 2003 election, the voters approved the creation of a Special Health Care District to operate the Maricopa County Health Care System. The Maricopa County Board of Supervisors were over the operations of the Medical Center and its facilities until it transitioned to the Maricopa County Special Health Care District on January 1, 2005. On November 2, 2004, the voters elected the Special Health Care District Board of Directors and on November 17, 2004, they were sworn into office. On November 1, 2004, the Maricopa County Board of Supervisors approved an intergovernmental agreement specifying the transfer terms of all assets and liabilities to the District. By January 1, 2005, all assets were transferred to the District. The District will not be included in the County’s reporting entity subsequent to the January 1, 2005, transition to the Maricopa County Special Health Care District. On August 28, 2004, the Maricopa County Public Finance Corporation entered into a Lease Purchase Agreement with a financial institution not to exceed $15,000,000 with a fixed interest rate of 4.165% and maturing on June 1, 2012. The Lease Purchase Agreement will be on a draw down basis and will be reamortized after each drawdown. The purpose of the Lease Purchase Agreement is to provide financing for the construction and capital equipment for the Human Services Project. The County is obligated to make the principal and interest payments on the amounts borrowed under this agreement. 78 Notes to the Financial Statements (Continued) On November 1, 2004, Maricopa County provided a $15 million working capital line of credit to the Maricopa County Special Health Care District. On June 8, 2005, the line of credit was extended by Maricopa County to ten years with the first five years as interest free. Maricopa County will charge the Maricopa County Special Health Care District interest for the second five years based on the interest rate earned by the County Treasurer’s investment pool. On December 31, 2004, Maricopa County discontinued the Senior Select health care program as reported in the Non-AHCCCS Health Plans Fund. The County remains obligated for any claims prior to the date of the discontinued operations. On May 25, 2005, the Maricopa County Board of Supervisors approved the process to transfer or close the Maricopa County health care programs (AHCCCS—Acute Health Care and ALTCS programs) and its membership by September 30, 2005. On August 29, 2005, the Maricopa County Board of Supervisors approved the transfer and assignment of the AHCCCS—Acute Health Care program to the Maricopa County Special Health Care District (District) effective October 1, 2005. All liabilities prior to the transfer to the District will remain with Maricopa County. The ALTCS program was discontinued by Maricopa County effective September 30, 2005, and all liabilities associated with the operation will remain with Maricopa County. On August 29, 2005, the Maricopa County Public Finance Corporation defeased the Medical Center’s portion of the Series 2001 Lease Revenue Bonds in the amount of $10,605,000. The County contributed the cash to advance refund the bonds, which mature on July 1, 2006 through July 1, 2015; these bonds are callable on July 1, 2011, and are redeemable at par plus accrued interest. 79 80 Financial Section Required Supplementary Information Maricopa County Required Supplementary Information Budgetary Comparison Schedule General Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Taxes Licenses and permits Intergovernmental Charges for services Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: General government Public safety Health, welfare and sanitation Culture and recreation Education Capital outlay Total expenditures $ 264,820,797 263,237,650 334,087,372 1,514,166 1,847,755 49,672,197 915,179,937 Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing uses Net change in fund balances Fund balance – beginning of period Increase in reserve for inventory of supplies Fund balance – ending of period 323,052,264 428,970 452,337,000 19,548,457 10,838,123 15,946,937 822,151,751 323,052,264 428,970 453,225,919 19,574,408 10,838,123 15,977,390 823,097,074 ACTUAL AMOUNTS $ 327,367,793 1,306,694 481,790,371 26,241,389 12,858,596 9,818,701 859,383,544 VARIANCE WITH FINAL BUDGET POSITIVE (NEGATIVE) $ 4,315,529 877,724 28,564,452 6,666,981 2,020,473 (6,158,689) 36,286,470 194,233,959 291,306,343 331,802,589 1,160,312 1,965,235 34,396,666 854,865,104 124,311,637 288,548,167 310,273,698 1,147,991 1,883,863 16,427,761 742,593,117 69,922,322 2,758,176 21,528,891 12,321 81,372 17,968,905 112,271,987 (93,028,186) (31,768,030) 116,790,427 148,558,457 111,088,120 (144,498,360) (33,410,240) 108,480,789 (191,522,360) (83,041,571) 108,420,578 (197,725,521) (89,304,943) (60,211) (6,203,161) (6,263,372) (126,438,426) 126,438,426 (114,809,601) 126,438,426 27,485,484 292,657,135 (1,678,262) 318,464,357 142,295,085 166,218,709 (1,678,262) 306,835,532 $ $ 11,628,825 The notes to the budgetary comparison schedules are an integral part of this schedule. 83 $ $ Maricopa County Required Supplementary Information Budgetary Comparison Schedule by Department General Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL GENERAL GOVERNMENT County Assessor Board of Supervisors Finance Management and Budget County Manager Elections Materials Management Facilities Management Internal Audit Human Resources Total Compensation Information Technology Recorder Treasurer Call Center General Government Total General Government $ 14,765,952 1,573,949 2,360,213 1,566,112 1,155,313 8,219,888 1,244,722 26,054,854 958,022 2,741,834 2,014,706 4,877,950 1,859,996 3,707,669 1,325,517 240,066,297 314,492,994 $ 15,683,854 1,678,635 2,519,594 1,673,580 1,216,605 8,386,061 1,343,589 27,027,166 1,030,035 2,925,394 2,381,096 5,180,832 1,967,861 3,914,753 1,416,025 149,769,416 228,114,496 VARIANCE WITH FINAL BUDGET POSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 15,624,827 1,552,199 2,352,571 1,633,536 1,076,389 6,984,394 1,323,090 26,081,696 1,005,478 2,696,509 2,041,286 4,472,516 1,914,025 3,737,823 1,339,480 65,968,225 139,804,044 $ 59,027 126,436 167,023 40,044 140,216 1,401,667 20,499 945,470 24,557 228,885 339,810 708,316 53,836 176,930 76,545 83,801,191 88,310,452 PUBLIC SAFETY Adult Probation Emergency Management Clerk of Superior Court County Attorney Trial Courts Constables Juvenile Probation Medical Examiner Indigent Representation Public Fiduciary Sheriff Total Public Safety 36,360,604 152,182 21,246,745 43,850,402 58,294,709 1,613,814 11,629,603 3,881,203 47,120,732 1,841,113 37,246,543 263,237,650 44,719,179 155,657 23,257,548 48,954,125 59,367,056 1,748,926 11,937,149 4,151,062 52,551,816 1,963,520 43,016,434 291,822,472 43,504,731 146,899 23,257,548 48,872,835 59,366,986 1,716,308 11,295,683 4,180,623 52,551,813 1,958,091 42,617,192 289,468,709 HEALTH, WELFARE AND SANITATION Human Services Public Health Animal Care and Control Environmental Services Health Care Mandates Total Health, Welfare and Sanitation 1,138,980 6,448,512 304,041 753,844 325,441,995 334,087,372 947,206 6,817,927 304,041 824,804 322,908,611 331,802,589 945,707 6,740,351 304,041 821,301 301,462,298 310,273,698 3,503 21,446,313 21,528,891 CULTURE AND RECREATION Parks and Recreation 1,514,166 1,160,312 1,147,991 12,321 EDUCATION Superintendent of Schools 1,847,755 1,965,235 1,898,675 66,560 Total General Fund Expenditures $ 915,179,937 $ 854,865,104 The notes to the budgetary comparison schedules are an integral part of this schedule. 84 $ 742,593,117 1,214,448 8,758 81,290 70 32,618 641,466 (29,561) 3 5,429 399,242 2,353,763 1,499 77,576 $ 112,271,987 Maricopa County Required Supplementary Information Budgetary Comparison Schedule Jail Operations Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Taxes Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources Net change in fund balances Fund balance – beginning Decrease in reserve for inventory of supplies Fund balance – ending ACTUAL AMOUNTS $ 19,166,278 100,862,110 4,900 120,033,288 20,370,865 100,862,110 4,900 121,237,875 107,441,209 22,839,108 5,359 346,171 130,631,847 216,725,651 7,403,848 224,129,499 217,642,716 7,691,367 225,334,083 167,999,472 7,179,516 175,178,988 49,643,244 511,851 50,155,095 (104,096,211) (104,096,208) (44,547,141) 59,549,067 120,866,924 (48,585,819) 72,281,105 120,866,924 (48,585,819) 72,281,105 120,866,924 (48,585,819) 72,281,105 (31,815,106) 31,815,108 (31,815,103) 31,815,108 27,733,964 33,852,162 (131,018) 61,455,108 $ 2 $ VARIANCE WITH FINAL BUDGET POSITIVE (NEGATIVE) $ The notes to the budgetary comparison schedules are an integral part of this schedule. 85 5 $ $ $ 107,441,209 2,468,243 (100,856,751) 341,271 9,393,972 59,549,067 2,037,054 (131,018) 61,455,103 Maricopa County Required Supplementary Information Notes to Budgetary Comparison Schedules June 30, 2004 Note 1 Budgetary Basis of Accounting Budgeting and Budgetary Control Arizona Revised Statutes (A.R.S.) require the County to prepare and adopt a balanced budget annually for each governmental fund. The Board of Supervisors must approve such operating budgets on or before the third Monday in July to allow sufficient time for the legal announcements and hearings required for the adoption of the property tax levy on the third Monday in August. A.R.S. prohibit expenditures or liabilities in excess of the amounts budgeted. Essentially, the County prepares its budget on the same modified accrual basis of accounting used to record actual revenues and expenditures. The County has adopted budgets in accordance with the A.R.S. requirements for the General, Special Revenue, Debt Service, and Capital Projects Funds, except for certain Special Revenue, Debt Service, and Capital Projects Funds. In accordance with GASB Statement No. 34, budgetary comparison schedules should be presented in the required supplementary information for only the General Fund and for each major Special Revenue Fund. Formal budget integration is not employed for the Proprietary Funds because effective budgetary control is alternatively achieved through capability of cost recovery. Budgeted amounts are reported as originally adopted and as amended by authorization from the Board of Supervisors. All budget adjustments with the exception of the Judicial Branch, which includes Adult Probation, Justice Courts, Juvenile Probation and Superior Court, require authorization from the Board of Supervisors. The Judicial Branch appropriations can be moved between the Judicial Branch departments by fund, as requested and approved by the Presiding Judge, without further Board approval. Budgeted appropriations include expenditures and transfers out. Expenditures and transfers out may not legally exceed appropriations at the department level. With the exception of the General Fund, each fund includes only one department. The County budget is prepared on a basis consistent with generally accepted accounting principles, except expenditures from capital lease proceeds and capital outlay expenditures resulting from capital lease agreements were not budgeted in the General Fund. In addition, General Fund indirect costs recovery and disproportionate share settlement payments were budgeted activities but these activities were eliminated on the Statement of Revenues, Expenditures, and Changes in Fund Balances. The following schedule reconciles the excess of revenues over expenditures from the Statement of Revenues, Expenditures, and Changes in Fund Balances to the budgetary comparison schedules. General Fund Excess of revenues over expenditures from the Statement of Revenues, Expenditures, and Changes in Fund Balances $ Disproportionate share payment - expenditures Indirect cost adjustment – expenditures Capital lease expenditures 218,686,517 (99,115,000) (9,273,039) 6,491,949 Excess of revenues over expenditures from the budgetary comparison schedules 86 $ 116,790,427 Maricopa County Required Supplementary Information Notes to Budgetary Comparison Schedules (Continued) June 30, 2004 Note 2 Expenditures in Excess of Appropriations For the year ended June 30, 2004, expenditures exceeded final budget amounts at the department level (the legal level of budgetary control) as follows: Fund/Department General Fund: Medical Examiner Expenditures in excess of appropriations Excess $ $ 29,561 29,561 In the future years, the County will closely monitor department spending, especially at year-end, to ensure that expenditures do not exceed the final approved budget. 87 Maricopa County Required Supplementary Information Schedule of Agent Retirement Plans’ Funding Progress For the Fiscal Year Ended June 30, 2004 Public Safety Personnel Retirement System Actuarial Valuation Date (1) (2) (3) (4) (5) Actuarial Value of Plan Assets Actuarial Accrued Liability (AAL) Funding (Liability) Excess (1)-(2) Funded Ratio (1)/(2) Annual Covered Payroll (6) Unfunded Liability as a Percentage of Covered Payroll (3)/(5) 1,147,493 20,598,080 35,664,087 100.7% 113.3% 125.0% $ 27,623,047 $ 28,304,058 $ 29,550,564 N/A N/A N/A (6) Unfunded Liability as a Percentage of Covered Payroll (3)/(5) Sheriff 6/30/2003 6/30/2002 6/30/2001 Actuarial Valuation Date $175,650,468 $175,902,396 $178,057,321 $174,502,975 $155,304,316 $142,393,234 $ $ $ (1) (2) (3) (4) (5) Actuarial Value of Plan Assets Actuarial Accrued Liability (AAL) Funding (Liability) Excess (1)-(2) Funded Ratio (1)/(2) Annual Covered Payroll Investigators 6/30/2003 6/30/2002 6/30/2001 Actuarial Valuation Date $ $ $ 5,051,638 5,103,607 5,199,696 $ $ $ 5,081,502 4,731,965 4,085,567 $ $ $ (29,864) 371,642 1,114,129 99.4% 107.9% 127.3% $ $ $ 670,296 601,575 680,240 (1) (2) (3) (4) (5) Actuarial Value of Plan Assets Actuarial Accrued Liability (AAL) Funding (Liability) Excess (1)-(2) Funded Ratio (1)/(2) Annual Covered Payroll (4.5%) N/A N/A (6) Unfunded Liability as a Percentage of Covered Payroll (3)/(5) Park Rangers 6/30/2003 6/30/2002 6/30/2001 $ $ $ 1,824,733 1,544,652 422,297 $ $ $ 1,707,868 1,563,810 1,638,628 $ $ $ 116,865 (19,158) (1,216,331) 106.8% 98.8% 25.8% $ $ $ 540,307 735,838 798,803 N/A (2.6%) (152.3%) Corrections Officer Retirement Plan (1) (2) (3) (4) (5) Actuarial Valuation Date Actuarial Value of Plan Assets Actuarial Accrued Liability (AAL) Funding (Liability) Excess (1)-(2) Funded Ratio (1)/(2) Annual Covered Payroll (6) Unfunded Liability as a Percentage of Covered Payroll (3)/(5) 6/30/2003 6/30/2002 6/30/2001 $ 107,226,835 $ 104,628,134 $ 104,240,051 116.4% 122.0% 137.5% $ 36,431,139 $ 34,323,904 $ 33,715,028 N/A N/A N/A $ $ $ 92,134,847 85,735,562 75,812,237 $ $ $ 15,091,988 18,892,572 28,427,814 88 Maricopa County Required Supplementary Information Modified Approach for Infrastructure Assets For the Fiscal Year Ended June 30, 2004 Condition Rating of Maricopa County Roadway System Percentage of Lane Miles in Very Good or Excellent Condition (71-100) FY 2004 90% Roadway System FY 2003 95% FY 2002 95% FY 2001 94% Percentage of Lane Miles in Substandard Condition < 55 FY 2004 3% Roadway System FY 2003 1% FY 2002 2% FY 2001 1% Comparison of Estimated to Actual Maintenance/Preservation FY 2004 $ 6,257,799 $ 4,082,026 Estimated Actual FY 2003 $ 5,291,592 $ 8,001,001 $ $ FY 2002 7,830,421 8,325,362 The condition of road pavement is measured using the MCDOT Road Management System (RMS), which is based on weighted averages of nine distress factors of the pavement surface. The RMS system uses a measurement scale to evaluate the Pavement Condition Rating (PCR) ranging from zero for a failed pavement to 100 for a pavement in perfect condition. The PCR index is used to classify roads in very good or excellent condition (71-100), good condition (55 -70), and substandard condition (less than 55). It is the County’s policy to maintain at least 90% of the roadways at a very good or excellent condition level. No more than 5% should be in a substandard condition. Pavement condition assessments are determined annually for all arterial roads and approximately one-half of the local roads are inspected annually. In fiscal year 2004, the County acquired a new road pavement-measuring device used to determine the pavement condition rating. As a result, the County’s percentage of lane miles in very good or excellent condition decreased from 95% in fiscal year 2003 to 90% in fiscal year 2004. In fiscal year 2005, the County will adopt a policy of maintaining at least 85% of the roadways at a very good or excellent condition level. Condition Rating of Maricopa County Bridge System Percentage of Bridges with a Sufficiency Rating >= 70 FY 2004 99% Bridge System FY 2003 99% FY 2002 97% FY 2001 99% Percentage of Bridges with a Sufficiency Rating < 50 FY 2004 0% Bridge System FY 2003 0% FY 2002 1% FY 2001 1% Comparison of Estimated to Actual Maintenance/Preservation Estimated Actual $ $ FY 2004 230,000 21,076 $ $ FY 2003 216,000 380,813 $ $ FY 2002 200,000 610,381 The condition of the County’s bridges is determined using the MCDOT bridge inspection program that follows federal mandates and regulations. The bridge sufficiency rating, which is a weighted average of an assessment of the ability of individual components to meet necessary performance requirements, uses a numerical condition scale ranging from 0 to 100. It is the County’s policy that 90% of bridges will have a rating of >=70 and no more than 3% of bridges will have a rating of <50. All bridges are inspected every two years (approximately one-half of the bridges are inspected annually). The Comparison of Estimated to Actual Maintenance/Preservation cost for both the Roadway System and the Bridge System is available for only fiscal years 2004, 2003 and 2002, therefore the five reporting periods of historical data are not shown. 89 90 Financial Section Combining and Individual Fund Statements and Schedules Nonmajor Governmental Funds Maricopa County Listing of Nonmajor Governmental Funds Special Revenue Funds Accomodation Schools — Accounts for the maintenance and operations of the accommodation schools. Adult Probation Grants — Revenues consist of grant funds that are used for domestic violence, women’s treatment programs, gang prevention and criminal justice records improvement. Adult Probation Services — Collects the fees assessed to persons placed on probation in the Superior Court per A.R.S. §13-901. Monies collected are used to supplement County General Fund appropriations for the compensation costs of probation officers who provide pre-sentence investigations (A.R.S. §12-267). Animal Care and Control — Animal Control reduces the incidences of animal inflicted injuries and reduces the risk of exposure to rabies through enforcement of dog licensing laws, leash laws, capture and impoundment of stray dogs, public education, adoption or humane disposal of excess animals. Licenses and fees are the primary funding source. Animal Care and Control Donations — Accounts for donations and contributions activities by citizens or groups. Animal Care and Control Field Services — Accounts for Animal Control Field Services which are an optional County Service from Animal Control Pound Activities which are required by Arizona State Statute. Animal Care and Control Grants and Donations — Accounts for the grant funds that are utilized by Animal Control. Bank One Ballpark Operations — Accounts for all revenues and expenditures related to Bank One Ballpark. CDBG Housing Trust — Accounts for the grant funds that are utilized to expand the supply of low income housing through the rehabilitation and reconstruction of single family occupancy homes. Child Support Automation — Accounts for funds that are utilized to improve, maintain and enhance computer hardware, software and automation systems for the collection of court ordered child support. Operations are funded from revenues which consist of 50% of the monies received by the Clerk’s office for child support handling fees, pursuant to A.R.S. §25-413 and A.R.S. §12-284. Child Support Enhancement — Accounts for funds received from a federal incentive award that is utilized for the enhancement of child support collections through efficient operation of the IV-D program. Children’s Issues Education — Accounts for the funds that are utilized for educational programs regarding the impact that divorce, the restructuring of families and judicial involvement have on children pursuant to A.R.S. §25-354. Revenues that are received from the Clerk’s educational program fees supplement any state or county appropriations. Clerk of Court EDMS — The Clerk of Court EDMS Fund was established to account for Electronic Document Management System (EDMS) Fees which are collected as authorized by Board Agenda C16020028, ADM1005 and State Attorney General’s Opinion 195-18 (R94-63). Clerk of Court Fill the Gap — This fund was set up as indicated by A.R.S. §41-2421F and accounts for monies distributed under A.R.S. §41-2421. Funds are to be used to supplement, not supplant, funding at the level provided in fiscal year 1998 by the counties for the processing of criminal cases in the superior court, including the office of the clerk of the superior court, and justice courts. Clerk of Court Grants — Accounts for the grant funds that are utilized for the improvement of court automation systems, child support enforcement and the processing of criminal history dispositions. 93 Maricopa County Listing of Nonmajor Governmental Funds (Continued) Clerk of Court Spousal Maintenance Enforcement — The Spousal Maintenance Enforcement Fund is established for the Clerk of the Superior Court consisting of monies received pursuant to A.R.S. §12-289. The Clerk will spend monies in the fund to enhance enforcement of spousal maintenance orders. In addition to the fees required by section A.R.S. §12-284, the Clerk shall charge and collect a surcharge of five dollars for each filing of a petition or an answer for annulment, dissolution or marriage or legal separation. The Clerk will use the surcharge only for the purposes prescribed by this statute. Conciliation Court Special — Accounts for monies collected under A.R.S. §25-311.01 related to the dissolution of marriages. The funds collected are used by the Domestic Violence Shelter fund and the Child Abuse Prevention and Treatment fund. Correctional Health Grants — The Arizona Department of Health Services was awarded a grant by the Department for Health and Human Services, Centers for Disease Control and Prevention, to generate surveillance data for the Center for Disease Control and supplement the syphilis screening activities at the Madison Street Jail. County Attorney Check Enforcement Program — Accounts for fees that are collected pursuant to sections A.R.S. §13-1809 and A.R.S. §13-1810, any investigation and prosecution costs and any monies that are obtained as a result of a forfeiture and that are recovered for the County through enforcement of section A.R.S. §13-1802, A.R.S. §13-1807, A.R.S. §13-2002 or A.R.S. §13-2310, whether by final judgment, settlement or otherwise. The monies in the fund shall be used for the investigation, prosecution and deferred prosecution of theft, forgery and fraud. County Attorney Criminal Justice Enhancement — The Criminal Justice Enhancement Fund accounts for monies that are allocated to county attorneys from the Arizona State Criminal Justice Enhancement Fund (A.R.S. §41-2401). The funds are used for the purposes of enhancing prosecutorial efforts. County Attorney Drug Diversion — Pursuant to A.R.S. §13-1811, funds are utilized for the investigation, prosecution and deferred prosecution of bad check cases. County Attorney Fill the Gap — County Attorney Fill the Gap was set up as indicated by A.R.S. §41-2421F and accounts for monies distributed under A.R.S. §41-2421. Funds are to be used to supplement, not supplant, funding at the level provided in fiscal year 1998 by the counties for the processing of criminal cases by county attorneys. County Attorney Grants — Accounts for funds that are utilized for the investigation and prosecution of child abuse and domestic violence cases and the enhancement of anti-gang enforcement efforts to deter, investigate, prosecute or adjudicate gang offenders. Victim assistance is provided to include transportation, payment of emergency expenses, education programs and training to children’s advocates. County Attorney Victim Compensation and Assistance — Victim Compensation and Assistance Fund was established to administer funding provided from the State Victim Compensation and Assistance fund. (A.R.S. §41-2407) and from prisoner supervision fees under A.R.S. §31-418. Fund is used for establishing, maintaining and supporting programs that compensate and assist victims of crime. County Attorney Victim Compensation and Restitution — The County Attorney Victim Compensation and Restitution Fund was established as authorized by A.R.S. §11-538 consisting of monies that are distributed pursuant to A.R.S. §12-286 (seventy-five per-cent of the interest earned on restitution monies that are received in trust). The County Attorney shall use monies in the fund to assist eligible victims of crime with medical, counseling and funeral expenses and lost wages. Court Automation — Accounts for the collection and expenditure of a $10 fee collected by Clerk of the Court staff upon a filing of the original complaint and answer in all civil, domestic relations, probate and tax cases pursuant to A.R.S. §11-251.08. The funds are utilized to offset the various expenses incurred in the development, enhancement and on-going operation of the Court’s automated information systems. 94 Maricopa County Listing of Nonmajor Governmental Funds (Continued) Document Retrieval — Accounts for the collection of an additional filing or appearance fee, not to exceed five dollars, to be used to defray the cost of converting the Clerk of Superior Court’s document storage and retrieval system to micrographics or computer automation as established by A.R.S. §12-284.01. Domestic Relations Education — Accounts for the funds that are utilized to establish, maintain and enhance programs designed to educate individuals regarding the impacts on children associated with marriage dissolution, legal separation, restructuring of families and the programs available for mediation of visitation or custody disputes, pursuant to A.R.S. §25-413. Operations are funded by revenues from a surcharge received by the Clerk for each filing of a post-adjudication petition in a domestic relation’s case, pursuant to A.R.S. §12284. Economic Development — Established by the Board of Supervisors to segregate this activity from the General Fund. This fund accounts for a fixed $65,000 fee from Waste Management Corporation plus a percentage based on the tonnages of refuse dumped. Expenditures are used for economic development in Mobile and other unincorporated areas of the County. Emergency Management — Emergency Management activity consists of disaster planning and training. Environmental Services — Environmental Services works to protect the environment and public health through control, preservation, and improvement of the County’s air quality. Permit revenue is the funding source. Environmental Services Environmental Health — Environmental Services – Environmental Health Fund was established to account for activities related to the protection of food and water supplies consumed by residents. Funding is provided by fees collected from Health Inspections and the sale of Health Permits. Environmental Services Grants — Environmental Services Grants was set up to account for all grant activity administered by the County Environmental Services Department. Expedited Child Support — Accounts for the funds that are utilized to establish, maintain and enhance programs designed to expedite the processing of petitions filed and enforce the resultant court orders. Revenues collected for subsequent case filing fees for post-decree petitions in dissolution cases, pursuant to A.R.S. §25-412 and A.R.S. §12-284, fund operations. Flood Control — Provides flood control facilities and regulates floodplains and drainage to prevent flooding of property and endangering the lives of people in Maricopa County. Operations are funded by a secondary tax levy. Flood Control Grants — Flood Control Grants was set up to account for all grant activity administered by the Flood Control District. General Government Grants — General Government Grants was set up to account for all State Criminal Alien Assistance Program (SCAAP) grant activity. Human Services Grants — Accounts for the grant funds that are utilized for community action services designed to help the disadvantaged achieve self-sufficiency and family stability. Juror Improvement — This fund accounts for donated juror fees and mileage to be used for juror enhanced services such as educational initiatives about the importance of jury service; new and improved programs for summoned and empanelled jurors; research and programs directed at improving the response levels of those summoned for jury service. Justice Court Enhancement — Established for the purpose of defraying expenses of justice court services by providing improvements in court technology, operations and facilities to enable the courts to respond quickly to changing statutory and case processing needs. Operations are funded by an $18 user’s charge to be added to the Defensive Driving School Diversion Fee as of March 1, 1998. 95 Maricopa County Listing of Nonmajor Governmental Funds (Continued) Justice Court Grants — Accounts for funds that are utilized to reduce the backlog of existing criminal cases, juvenile crime reduction and to initiate a pilot video conference/personal computer project for 3 courts. Justice Court Judicial Enhancement — Revenues consist of fees and surcharges collected under the authority of A.R.S. §22-281; and time payment fees collected under authority of A.R.S. §12-116; and On-line access subscription fees collected under authority of A.R.S. §22-284. Expenditures are used to improve, maintain and enhance the ability to collect and manage monies assessed or received by the courts and to improve court automation projects. Juvenile Probation Diversion Fees — The Juvenile Probation Diversion fund was established by A.R.S. §11537 and consists of diversion fees that are collected pursuant to section 8-321(N). The monies shall be used at the discretion of the county attorney for administering county community based alternative programs that are established pursuant to section 8-321. Juvenile Probation Grants — Accounts for the grant funds that are utilized for the child nutrition program, family counseling and safe schools program. Juvenile Probation Special Fees — This fund was established by A.R.S. §12-268 to account for juvenile probation fees collected and used for the purpose of supplementing County General Fund appropriations for the compensation of personnel of the Juvenile Court. Juvenile Restitution — Pursuant to A.R.S. §8-346, the fund was established for the payment of restitution in juvenile delinquency proceedings. This fund consists of state and local appropriations, gifts, devices and donations from any public or private source. Law Library — Established by A.R.S. §12-305 to account for a portion of the fees collected by the Clerk of Superior Court to be used for the purchase of books for the county law library. Legal Defender Fill the Gap — Legal Defender Fill the Gap was set up as indicated by A.R.S. §41-2421F and accounts for monies distributed under A.R.S. §41-2421. Funds are to be used to supplement, not supplant, funding at the level provided in fiscal year 1998 by counties for the processing of criminal cases by the county public defender, legal defender and contract indigent defense counsel in each county. Library — Provides and maintains library services for the residents of Maricopa County. Operations are funded by a secondary tax levy. Library Grants — Library District Grants was set up to account for all Grant activity administered by the County Library District. Medical Examiner Grants — Medical Examiner Grants was set up to account for all Grant activity administered by the department of the Medical Examiner. Old Courthouse — Accounts for the funds that are utilized for the restoration and preservation of the Old Maricopa County Courthouse. Donations and contributions fund operations. Palo Verde — Palo Verde receives an annual allocation of approximately $200,000 from the State of Arizona. Expenditures are utilized for nuclear disaster training. Parks and Recreation Grants — Accounts for the grant funds that are utilized for state lake improvements, park restoration and the construction and maintenance of hiking trails. Parks Donations — Accounts for donations and contributions activities provided for by citizens or groups. Parks Enhancement — Accounts for park and recreation revenues and expenditures associated with enhancing parks and recreation programs pursuant to A.R.S. §11-941. 96 Maricopa County Listing of Nonmajor Governmental Funds (Continued) Parks Lake Pleasant — Provides the public with positive leisure opportunities in a safe, accessible and efficient manner through quality development and programming while conserving and protecting unique and environmentally sensitive areas. Parks Souvenir — Accounts for sales proceeds of sundry items at the Maricopa County Parks. Parks Spur Cross Ranch — To account for the money collected from a Town imposed ½% transaction privilege tax for the operation of the County park. The Town was to commence collection of the tax by December 1, 2000. Planning and Development — Performs mandated community planning functions. mainly through license and impact fees. Funding is provided Planning Project Fees — Accounts for the planning and development fees related to the Del Webb Anthem Development. Probate Programs — Administers the monies received by the Clerk of Court pursuant to A.R.S. §14-5314 and A.R.S. §14-5414 to preserve, audit, and safeguard the estates and wards for whom the court has a fiduciary responsibility. Public Defender Fill the Gap — Public Defender Fill the Gap was set up as indicated by A.R.S. §41-2421F and accounts for monies distributed under A.R.S. §41-2421. Funds are to be used to supplement, not supplant, funding at the level provided in fiscal year 1998 by counties for the processing of criminal cases by the county public defender, legal defender and contract indigent defense counsel in each county. Public Defender Grants — Accounts for grant funds that are utilized for public defender training and to increase the processing of drug cases. Public Defender Training — Established by A.R.S. §12-117 to account for fees that are paid on a time payment basis as established by A.R.S. §12-116. Expenditures are utilized for Public Defender Training. Public Health — Protects, improves and preserves the physical, mental and social well being and the environment of the entire population of Maricopa County with a special responsibility to serve those most vulnerable. Federal and State grants fund operations. Public Health Pharmacy — Accounts for public health programs that are self-supported by Vital Health fees and pharmacy operations. Recorder’s Surcharge — Accounts for the collection of a special recording surcharge, not to exceed four dollars, to be used to defray the cost of converting the County Recorder’s document storage and retrieval system to micrographics or computer automation as established by A.R.S. §11-475.01. Research and Reporting — Accounts for the activity of governmental research projects that are billed back to the municipalities contracting for these services on a cost reimbursement basis. RICO — Accounts for the funds provided by the sale of confiscated property. Attorney, RICO consists of all the activity of the Anti-Racketeering Program. Operated by the County Sheriff Donations — Accounts for and segregates funds to be used in support of mandated functions. Funding is provided by non-specific donations and proceeds from the sale of donated items. Sheriff Grants — Accounts for grant funds that are utilized for patrolling lakes, improving the fingerprinting system, and enhancing DUI and overall traffic enforcement capabilities. Sheriff Inmate Health Services — Accounts for the co-payments received from inmates for self initiated health service pursuant to A.R.S. §31-161 and A.R.S. §31-162. 97 Maricopa County Listing of Nonmajor Governmental Funds (Continued) Sheriff Special Funding — Accounts for the funds that are held in trust for the benefit and welfare of the inmates, established under A.R.S. §31-121. The majority of revenues are derived from sales of food and sundries to the inmates. Small Schools Service Program — Accounts for the special education services provided to small schools as established by A.R.S. §15-365. Sports Authority — Provides the citizens of the County with a variety of great sporting experiences, by assisting in the promotion and acquisition of events, teams, and youth programs. Stadium District — Provides regional leadership and financial resources to assure the presence of Major League Baseball in Maricopa County. Operations are funded by a rental vehicle surcharge. Street Lighting — Provides street lighting in unincorporated areas of Maricopa County. Operations are funded by special assessment. Superior Court Fill the Gap — Superior Court Fill the Gap was set up as indicated by A.R.S. §41-2421F and accounts for monies distributed under A.R.S. §41-2421. Funds are to be used to supplement, not supplant, funding at the level provided in fiscal year 1998 by the counties for the processing of criminal cases in the superior court, including the office of the clerk of the superior court, and justice courts. Superior Court Grants — Grant funds are used for drug enforcement accounting, court appointed special advocates and case processing assistance. Superior Court Judicial Enhancement — Revenues consist of fees and surcharges collected under authority of A.R.S. §12-284.03 and time payment fees collected under authority of A.R.S. §12-116. In addition, revenues are received from the State Judicial Enhancement Fund established by A.R.S. §12-113. Expenditures are used to improve, maintain and enhance the collection and management of funds and court automation projects. Superior Court Special — Accounts for monies received under an intergovernmental agreement with the Department of Economic Security to conduct Title IV-D child support enforcement enhancements, case management fees and high volume fees. Taxpayers’ Information — This fund was established by A.R.S. §11-495 to collect public records copying surcharge. The funds are to be spent to upgrade an automated taxpayer information system. Transportation — Plans and implements an environmentally balanced multi-model transportation system. Operations are funded through highway user taxes. Transportation Grants — Transportation Grants was set up to account for all grant activity administered by the County Transportation Department. Unorganized Territory Transportation — Established by A.R.S. §15-1001 to account for transportation aid for the transportation of children from unorganized territory to school districts within the County. Victim Location — Revenues are derived from interest earned on restitution monies received in trust and are to be distributed to the County Attorney and Clerk of the Superior Court on a pro rata basis (County Attorney – 75% and Superior Court – 25%). Fund was established by A.R.S. §12-287. Waste Tire Program — Accounts for the activity for the operation of the waste tire processing center for the removal of waste tires from the County pursuant to A.R.S. §44-1305. 98 Maricopa County Listing of Nonmajor Governmental Funds (Continued) Debt Service Funds Special Assessment — To account for debt service on special assessment bonds. Funding is provided by special assessments made against the benefiting property owners. Stadium District — To account for debt service on Stadium District revenue bonds. Capital Projects Funds Bank One Ballpark Project Reserve — Accounts for sales tax (Stadium Tax) proceeds collected in excess of the $238,000,000 cap imposed by County Board Resolution. Bond Funds — Bond Funds account for capital projects financed by the issuance of special assessment bonds. County Improvement — accounts for capital projects funded through the issuance of the Lease Revenue Bonds, Series 2001. Flood Control Capital Projects — Flood Control Capital Projects was set up administratively as a capital project fund to track capital project activity of the Flood Control District. Funding is provided by a reimbursement transfer from the Flood Control District which derives it’s funding from an annual Property Tax Levy. General Fund County Improvement — Accounts for capital projects funded by transfers from the General Fund. Intergovernmental Capital Projects — Intergovernmental Capital Projects account for capital project spending predominantly funded from General Fund revenues. Jail Construction — Accounts for Construction associated with the 1/5 of one-cent sales tax approved by voters in the General Election on November 3, 1998. The Jail Construction Fund receives transfers from the Jail Operations Fund for construction of the adult and juvenile detention facilities. Major League Stadium — The Major League Stadium Fund accounts for the cost of construction on the Bank One Ballpark. The majority of costs were financed through a 1/4 of one-cent Sales Tax that commenced on April 1, 1995 and concluded on December 1, 1997. Transportation Capital Projects — Transportation Capital Projects was set up administratively as a capital project fund to track capital project activity of the County Transportation department. Funding is provided by a reimbursement transfer from the Transportation Fund that derives its funding from the State Highways User’s Tax. 99 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds June 30, 2004 SPECIAL REVENUE FUNDS ANIMAL CARE ADULT ADULT ANIMAL AND CONTROL ACCOMODATION PROBATION PROBATION CARE AND FIELD SCHOOLS GRANTS SERVICES CONTROL SERVICES ASSETS Cash in bank and on hand $ $ $ $ 2,720 $ Cash and investments held by 138,271 County Treasurer 3,693,082 561,719 481,471 Receivables: Taxes 12,260 Accrued interest 2,076 Special assessments Due from other funds 658,843 Due from other governmental units Inventories 96,334 Miscellaneous 12,248 160 Cash and investments held by trustee - restricted Total assets $ $ 797,114 $ $ 111,162 $ 3,705,342 $ 673,021 $ 483,707 32 $ 61,718 $ 134,859 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable $ 175,636 83,296 Employee compensation 203,963 75,735 47,098 Accrued liabilities 359,482 Due to other funds 36,487 Due to other governmental units Interest payable Special assessment debt with governmental commitment 739,814 Deferred revenue Deposits held for other parties 535,118 Total liabilities 934,272 203,995 173,940 181,957 Fund balances: 96,334 Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ (535,118) (137,158) 3,501,347 402,747 301,750 (535,118) (137,158) 3,501,347 499,081 301,750 $ 100 797,114 $ 3,705,342 $ 673,021 $ 483,707 SPECIAL REVENUE FUNDS ANIMAL CARE AND CONTROL BANK ONE CDBG CHILD CHILDREN’S CLERK CLERK OF GRANTS AND BALLPARK HOUSING SUPPORT ISSUES OF COURT COURT FILL DONATIONS OPERATIONS TRUST ENHANCEMENT EDUCATION EDMS THE GAP $ $ 9,307 $ 100 $ 5,002,591 $ 134,392 $ 165,968 $ 446,572 20,659 190,140 1,245 1,305 640,557 162,960 $ $ 376 $ 5,196,822 $ 641,033 $ $ 23,855 $ 629,167 $ 789 7,149 134,392 $ 165,968 $ 16,284 $ 447,817 $ $ 11,919 $ 190,140 1,468 23,022 31,902 1,468 34,941 31,902 6,646 $ 443 53,133 11,904 1,232 90,783 657,355 (1,232) 5,106,039 (16,322) 134,392 164,500 412,876 158,238 (1,232) 5,106,039 (16,322) 134,392 164,500 412,876 158,238 $ 5,196,822 $ 641,033 $ 134,392 $ 165,968 $ 447,817 $ 190,140 (continued on next page) 101 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2004 SPECIAL REVENUE FUNDS COUNTY CLERK OF ATTORNEY CLERK OF COURT SPOUSAL CONCILIATION CORRECTIONAL CHECK COURT MAINTENANCE COURT HEALTH ENFORCEMENT GRANTS ENFORCEMENT SPECIAL GRANTS PROGRAM ASSETS Cash in bank and on hand $ $ $ $ $ 450 Cash and investments held by 143,249 County Treasurer 64,929 297,565 203,560 Receivables: Taxes Accrued interest Special assessments Due from other funds 151,569 Due from other governmental units 44,536 62,799 Inventories 1,409 Miscellaneous Cash and investments held by trustee - restricted Total assets $ 294,818 $ 20 $ 64,929 $ 297,565 $ 44,536 $ $ 466 $ 268,218 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable $ 23,912 Employee compensation $ 1,978 41,386 717 14,951 Accrued liabilities 43,710 Due to other funds Due to other governmental units Interest payable Special assessment debt with governmental commitment 411,302 Deferred revenue 39,470 Deposits held for other parties 435,234 Total liabilities 1,978 41,386 83,646 15,668 (140,416) 62,951 256,179 (39,110) 252,550 (140,416) 62,951 256,179 (39,110) 252,550 Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 294,818 $ 102 64,929 $ 297,565 $ 44,536 $ 268,218 SPECIAL REVENUE FUNDS COUNTY COUNTY COUNTY ATTORNEY ATTORNEY ATTORNEY COUNTY COUNTY CRIMINAL ATTORNEY ATTORNEY COUNTY VICTIM COM- VICTIM COM- JUSTICE DRUG FILL THE ATTORNEY PENSATION AND PENSATION AND COURT ENHANCEMENT DIVERSION GAP GRANTS ASSISTANCE RESTITUTION AUTOMATION $ $ $ $ $ 392,650 1,228,988 877,266 986,053 1,656 5,091 5,320 3,601 $ 178,055 $ 469,811 316,353 1,988 1,058 594,124 92,210 $ 394,306 $ $ 1,234,079 $ $ 114,335 $ 29,629 4,508 882,586 $ 1,675,988 $ 178,055 $ 78,812 $ 906 $ $ 31,702 471,799 $ $ 115,469 317,411 713 14,551 1,942,837 $ 29,629 118,843 31,702 364,677 1,115,236 850,884 (461,130) 177,149 471,799 302,147 364,677 1,115,236 850,884 (461,130) 177,149 471,799 302,147 394,306 $ 1,234,079 $ 882,586 2,137,118 $ 1,675,988 906 $ 178,055 15,264 $ 471,799 $ 317,411 (continued on next page) 103 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2004 SPECIAL REVENUE FUNDS DOMESTIC DOCUMENT RELATIONS ECONOMIC EMERGENCY ENVIRONMENTAL RETRIEVAL EDUCATION DEVELOPMENT MANAGEMENT SERVICES ASSETS Cash in bank and on hand $ $ $ $ $ 700 Cash and investments held by 195,181 County Treasurer 197,201 479,768 364,155 3,223,701 1,981 1,504 13,504 Receivables: Taxes Accrued interest Special assessments Due from other funds 41,239 Due from other governmental units Inventories 568 Miscellaneous 87,960 Cash and investments held by trustee - restricted Total assets $ 195,181 $ 197,201 $ 481,749 $ 407,466 $ 88,066 $ 3,325,865 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable $ $ 27,655 Employee compensation $ $ 306 11,235 78,083 116,488 1,774 Accrued liabilities Due to other funds Due to other governmental units Interest payable Special assessment debt with governmental commitment 388,969 Deferred revenue Deposits held for other parties Total liabilities 27,655 306 488,270 196,345 167,526 196,895 481,749 (80,804) 3,129,520 167,526 196,895 481,749 (80,804) 3,129,520 Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 195,181 $ 104 197,201 $ 481,749 $ 407,466 $ 3,325,865 SPECIAL REVENUE FUNDS ENVIRONMENTAL SERVICES ENVIRONMENTAL EXPEDITED FLOOD GENERAL HUMAN ENVIRONMENTAL SERVICES CHILD FLOOD CONTROL GOVERNMENT SERVICES HEALTH GRANTS SUPPORT CONTROL GRANTS GRANTS GRANTS $ $ $ $ 3,117,588 272,620 13,046 1,118 250 $ $ 20,605,756 $ 4,354 355,573 1,037,239 128,838 1,895,564 1,468 8,264,390 4,876,278 182,475 160,026 4,012 5,679 7,735 110,588 $ $ 3,290,660 $ 1,899,576 $ 105,263 $ 174,318 $ 226,678 50,349 273,738 $ 30,335,215 $ 19 $ 4,298,745 $ 9,336 301,037 $ 357,041 $ $ 4,888,367 $ 2,073,411 2,969 291,288 53,867 532,703 10,425 1,186,481 2,053,497 331,941 574,491 3,464,645 9,355 4,397,926 5,184,698 56,836 7,295,328 182,475 $ 2,958,719 (1,565,069) 264,383 24,968,042 (56,836) 357,041 (2,406,961) 2,958,719 (1,565,069) 264,383 25,150,517 (56,836) 357,041 (2,406,961) 3,290,660 $ 1,899,576 $ 273,738 $ 30,335,215 $ $ 357,041 $ 4,888,367 (continued on next page) 105 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2004 SPECIAL REVENUE FUNDS JUSTICE JUSTICE JUSTICE JUVENILE COURT PROBATION JUROR COURT COURT JUDICIAL DIVERSION IMPROVEMENT ENHANCEMENT GRANTS ENHANCEMENT FEES ASSETS Cash in bank and on hand $ $ $ $ $ Cash and investments held by 83,466 County Treasurer 1,853,869 26,061 2,198,598 416,960 8,947 1,611 Receivables: Taxes 7,082 Accrued interest Special assessments Due from other funds Due from other governmental units Inventories Miscellaneous Cash and investments held by trustee - restricted Total assets $ 83,466 $ 1,860,951 $ 26,061 $ 2,207,545 $ $ 49,945 $ 418,571 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable $ $ $ 2,993 Employee compensation 2,453 5,757 8,081 Accrued liabilities Due to other funds Due to other governmental units Interest payable Special assessment debt with governmental commitment 23,608 Deferred revenue Deposits held for other parties Total liabilities 8,081 2,993 75,385 75,385 26,061 49,945 5,757 1,857,958 2,157,600 412,814 1,857,958 2,157,600 412,814 Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 83,466 $ 106 1,860,951 $ 26,061 $ 2,207,545 $ 418,571 SPECIAL REVENUE FUNDS JUVENILE JUVENILE PROBATION PROBATION JUVENILE LAW DEFENDER GRANTS SPECIAL FEES RESTITUTION LIBRARY FILL THE GAP $ $ LEGAL $ 1,138,331 943,033 4,701 3,582 $ 97,763 $ 277,671 LIBRARY LIBRARY $ 10,442 1,895 GRANTS $ 6,050,842 397,296 25,184 1,080,023 27,834 8,306 $ $ 2,223,055 $ 7,746 $ 331,831 946,615 $ 981 $ 97,763 $ 277,671 $ $ 18,964 $ 19,013 10,442 $ 6,483,523 $ $ 1,052,917 $ 1,224 27,834 189,198 5,146 14,908 5,026 2,664,363 3,003,940 $ 19,994 305,480 40,757 18,964 1,224 1,557,767 55,665 (780,885) 926,621 97,763 258,707 9,218 4,925,756 (27,831) (780,885) 926,621 97,763 258,707 9,218 4,925,756 (27,831) 2,223,055 $ 946,615 $ 97,763 $ 277,671 $ 10,442 $ 6,483,523 $ 27,834 (continued on next page) 107 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2004 SPECIAL REVENUE FUNDS PARKS MEDICAL AND EXAMINER OLD PALO RECREATION PARKS GRANTS COURTHOUSE VERDE GRANTS DONATIONS ASSETS Cash in bank and on hand $ $ $ $ $ Cash and investments held by 59 County Treasurer 184,841 22,690 1,289,830 Receivables: Taxes 5,078 Accrued interest Special assessments Due from other funds 217,475 Due from other governmental units Inventories Miscellaneous Cash and investments held by trustee - restricted Total assets $ 217,475 $ 59 $ 184,841 $ 22,690 $ 1,294,908 6,550 $ 2,382 $ 477 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable $ $ $ 6,124 Employee compensation 11,174 Accrued liabilities 211,352 Due to other funds Due to other governmental units Interest payable Special assessment debt with governmental commitment 217,475 Deferred revenue Deposits held for other parties 434,951 Total liabilities 17,724 2,382 477 Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ (217,476) 59 167,117 20,308 1,294,431 (217,476) 59 167,117 20,308 1,294,431 217,475 $ 59 108 $ 184,841 $ 22,690 $ 1,294,908 SPECIAL REVENUE FUNDS PARKS PARKS SPUR PLANNING PLANNING PARKS LAKE PARKS CROSS AND PROJECT PROBATE ENHANCEMENT PLEASANT SOUVENIR RANCH DEVELOPMENT FEES PROGRAMS $ 200 $ 280 1,722,430 1,531,308 7,045 6,448 $ $ 26,650 80 $ 400 $ $ 261,948 17,103,386 599,270 1,122 71,685 2,119 136,988 3,808 $ $ 1,729,675 $ 1,378 $ 60,026 1,538,036 $ 26,650 $ 263,150 $ 17,179,279 $ 37,578 $ 1,652 $ 6,823 $ 406,565 $ 13,698 2,518 193,301 601,389 $ $ 136,988 2,484 3,972 9,284 87 589,250 $ 61,404 51,276 1,652 9,341 1,189,203 3,972 11,768 1,668,271 1,486,760 24,998 253,809 15,990,076 597,417 125,220 1,668,271 1,486,760 24,998 253,809 15,990,076 597,417 125,220 1,729,675 $ 1,538,036 $ 26,650 $ 263,150 $ 17,179,279 $ 601,389 $ 136,988 (continued on next page) 109 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2004 SPECIAL REVENUE FUNDS PUBLIC PUBLIC PUBLIC DEFENDER DEFENDER DEFENDER PUBLIC HEALTH PUBLIC FILL THE GAP GRANTS TRAINING HEALTH PHARMACY ASSETS Cash in bank and on hand $ $ $ $ 2,200 $ Cash and investments held by 257,912 County Treasurer 21,337 1,353,907 1,522,888 7,485 5,183 Receivables: Taxes 1,072 Accrued interest Special assessments Due from other funds 118,855 Due from other governmental units 120,814 5,091,897 809,328 Inventories 124,659 22,266 Miscellaneous Cash and investments held by trustee - restricted Total assets $ 258,984 $ 118,855 $ 142,151 $ $ 32,697 $ 7,287,083 $ 1,652,730 565,441 $ 138,171 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable $ $ 34,542 Employee compensation 12,316 2,688 426,254 58,455 Accrued liabilities 106,539 Due to other funds Due to other governmental units Interest payable Special assessment debt with governmental commitment 8,718,395 Deferred revenue Deposits held for other parties 34,542 Total liabilities 118,855 35,385 9,710,090 196,626 809,328 124,659 Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 224,442 106,766 (3,232,335) 1,331,445 224,442 106,766 (2,423,007) 1,456,104 258,984 $ 118,855 110 $ 142,151 $ 7,287,083 $ 1,652,730 SPECIAL REVENUE FUNDS SHERIFF RESEARCH RECORDER’S AND SURCHARGE REPORTING $ $ 8,232,394 INMATE RICO $ 84,218 407,477 SHERIFF HEALTH SPECIAL DONATIONS GRANTS SERVICES FUNDING $ $ 10,251,953 33,107 SHERIFF SHERIFF 489,897 $ 28,841 $ 66,560 9,461,581 42,336 38,981 273,153 1,264,170 10,377 $ $ 8,265,501 $ 28,961 $ 48,177 84,218 $ 976 $ 10,701,766 $ 28,841 $ 2,027,220 $ $ 121 $ 188,939 $ 9,897 76,937 581,232 $ 10,081,794 $ 114,650 48,219 45,941 1,790,085 194 794,078 8,911,681 77,138 $ 10,873 10,701,766 121 1,367,918 2,532,540 2,399,154 2,693,325 8,188,363 73,345 28,720 (371,934) 76,937 7,388,469 8,188,363 73,345 28,720 (371,934) 76,937 7,388,469 8,265,501 $ 84,218 $ 10,701,766 $ 28,841 $ 2,027,220 $ 76,937 $ 10,081,794 (continued on next page) 111 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2004 SPECIAL REVENUE FUNDS SMALL SCHOOLS SERVICE SPORTS STADIUM STREET PROGRAM AUTHORITY DISTRICT LIGHTING ASSETS Cash in bank and on hand $ 200 $ 74,372 $ $ Cash and investments held by 138,141 County Treasurer 2,382,854 2,353,410 Receivables: Taxes 9,804 Accrued interest Special assessments Due from other funds Due from other governmental units Inventories Miscellaneous Cash and investments held by trustee - restricted Total assets $ 138,341 $ 74,372 $ $ 152,903 $ 15,220 $ 2,392,658 $ 2,353,410 $ 274,674 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable 9,194 Employee compensation Accrued liabilities 1,305 Due to other funds Due to other governmental units Interest payable Special assessment debt with governmental commitment Deferred revenue Deposits held for other parties 162,097 Total liabilities 15,220 1,305 274,674 (23,756) 59,152 2,391,353 2,078,736 (23,756) 59,152 2,391,353 2,078,736 Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 138,341 $ 112 74,372 $ 2,392,658 $ 2,353,410 SPECIAL REVENUE FUNDS SUPERIOR SUPERIOR SUPERIOR COURT COURT COURT JUDICIAL COURT TAXPAYERS’ FILL THE GAP GRANTS ENHANCEMENT SPECIAL INFORMATION $ $ 316,595 SUPERIOR $ 8,905 1,196 $ $ 1,506,023 1,924,493 5,951 7,858 TRANSPORTATION $ 689,967 550 13,418,391 155,568 82,078 15,134,094 579,779 5,851 $ $ 317,791 $ 4,751 $ 37,653 90,983 $ 1,511,974 $ 9,201 $ 66,949 $ 30,542 2,299 1,932,351 $ 5,257 $ 689,967 $ 29,294,233 $ 2,014,724 63,039 624,581 548,880 25,000 68,279 94,143 42,404 108,022 69,248 93,296 3,282,328 579,779 $ 275,387 (17,039) 1,442,726 1,839,055 689,967 25,432,126 275,387 (17,039) 1,442,726 1,839,055 689,967 26,011,905 317,791 $ 90,983 $ 1,511,974 $ 1,932,351 $ 689,967 $ 29,294,233 (continued on next page) 113 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2004 SPECIAL REVENUE FUNDS UNORGANIZED WASTE TERRITORY VICTIM TIRE TRANSPORTATION LOCATION PROGRAM TOTAL ASSETS Cash in bank and on hand $ $ $ $ 995,432 Cash and investments held by 588,294 County Treasurer 87,982 5,987,202 141,444,512 Receivables: 1,434,535 Taxes 24,769 Accrued interest 694,327 Special assessments 274,458 Due from other funds 40,367,139 Due from other governmental units Inventories 1,792,575 Miscellaneous 1,167,183 110,588 Cash and investments held by trustee – restricted Total assets $ 588,294 $ $ 75,650 $ 87,982 $ 6,011,971 $ 188,280,749 $ 613,565 $ 14,061,514 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable 8,666 Employee compensation 4,121,162 Accrued liabilities 2,371,318 Due to other funds 3,406,392 Due to other governmental units 8,941,707 Interest payable Special assessment debt with governmental commitment 27,076,371 Deferred revenue 94,143 Deposits held for other parties 75,650 Total liabilities 622,231 60,072,607 Fund balances: 1,792,575 Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 512,644 87,982 5,389,740 126,415,567 512,644 87,982 5,389,740 128,208,142 588,294 $ 114 87,982 $ 6,011,971 $ 188,280,749 DEBT SERVICE FUNDS CAPITAL PROJECTS FUNDS BANK ONE BALLPARK SPECIAL STADIUM ASSESSMENTS DISTRICT $ $ 337,740 TOTAL $ 253 17,424 288,872 PROJECT BOND COUNTY RESERVE FUNDS IMPROVEMENT $ $ $ 337,993 1,375 100,626 46,673,275 17,424 64,871 192,830 3,050,000 288,872 840,903 840,903 13,776 8,654,119 8,654,119 9,265,877 800 $ 626,612 $ $ 9,512,699 $ $ 10,139,311 $ $ 9,346,699 $ 3,184,603 $ 100,626 $ $ 53,100,708 $ 1,102,051 448 12,165 $ 12,165 31,688 31,688 286,774 286,774 330,627 330,627 295,985 9,512,699 9,808,684 295,985 9,512,699 9,808,684 626,612 $ 9,512,699 $ 10,139,311 2,860,000 $ 448 3,962,051 9,346,699 100,178 49,138,657 9,346,699 100,178 49,138,657 9,346,699 $ 100,626 $ 53,100,708 (continued on next page) 115 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2004 CAPITAL PROJECTS FUNDS FLOOD GENERAL INTER- CONTROL FUND GOVERNMENTAL CAPITAL COUNTY CAPITAL JAIL PROJECTS IMPROVEMENT PROJECTS CONSTRUCTION ASSETS Cash in bank and on hand $ $ $ $ Cash and investments held by 10,533,236 County Treasurer 40,287,417 8,906,176 164,949 39,024 Receivables: Taxes Accrued interest Special assessments Due from other funds Due from other governmental units Inventories 33 Miscellaneous Cash and investments held by trustee – restricted Total assets $ 10,533,236 $ 40,452,366 $ 8,945,200 $ 33 $ 5,588,577 $ 1,373,646 $ 1,818,087 $ 3,344,605 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable 42,440 Employee compensation 51,411 Accrued liabilities 15,833,478 Due to other funds Due to other governmental units Interest payable Special assessment debt with governmental commitment Deferred revenue Deposits held for other parties Total liabilities 5,631,017 1,373,646 1,818,087 19,229,494 4,902,219 39,078,720 7,127,113 (19,229,461) 4,902,219 39,078,720 7,127,113 (19,229,461) Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 10,533,236 $ 116 40,452,366 $ 8,945,200 $ 33 CAPITAL PROJECTS FUNDS TOTAL TRANSPORTATION NONMAJOR CAPITAL GOVERNMENTAL PROJECTS $ TOTAL FUNDS $ 24,005,030 $ 130,507,135 995,432 272,289,640 1,434,535 461,674 1,173,425 288,872 274,458 331,888 3,395,664 44,603,706 1,792,575 833 1,168,016 12,450,480 21,215,187 $ 24,336,918 $ 146,815,786 $ 345,235,846 $ 5,235,022 $ 18,461,988 $ 32,523,502 93,851 4,215,013 448 2,371,766 15,833,478 19,239,870 8,941,707 12,165 31,688 2,860,000 30,223,145 1,004,883 1,004,883 1,099,026 6,239,905 38,254,648 98,657,882 1,792,575 9,808,684 $ 18,097,013 108,561,138 234,976,705 18,097,013 108,561,138 246,577,964 24,336,918 $ 146,815,786 $ 345,235,846 117 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds For the Fiscal Year Ended June 30, 2004 SPECIAL REVENUE FUNDS ADULT PROBATION GRANTS ACCOMODATION SCHOOLS REVENUES Taxes Licenses and permits Intergovernmental Charges for services Fines and forfeits Special assessment Miscellaneous Total revenues $ $ ADULT PROBATION SERVICES $ ANIMAL CARE AND CONTROL $ $ 3,702,862 EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other expenditures Capital outlay Total expenditures 10,115,356 4,053,630 4,705,818 114,104 14,168,986 7,925,106 111,429 2,088,451 794 1,219 4,821,141 33,225 8,069,760 54,149 5,846,256 4,769,714 7,662,370 5,032,416 78,861 78,861 14,997,238 4,769,714 195,501 7,857,871 146,078 5,178,494 51,427 211,889 667,762 (78,861) (200,000) 412,127 (1,704) (412,127) (200,000) 410,423 (412,127) 1,078,185 (490,988) 14,997,238 Excess (deficiency) of revenues over expenditures (828,252) OTHER FINANCING SOURCES (USES) Transfers in Transfers out Proceeds from bond issuance Total other financing sources (uses) Net change in fund balances (1,028,252) Fund balances (deficit) at beginning of year 51,427 493,134 211,889 (188,585) 3,289,458 (579,485) Increase (decrease) in reserve for Inventories Fund balances (deficit) at end of year ANIMAL CARE AND CONTROL DONATIONS 490,988 381 $ (535,118) $ 118 (137,158) $ 3,501,347 $ 499,081 $ SPECIAL REVENUE FUNDS ANIMAL CARE AND CONTROL FIELD SERVICES $ ANIMAL CARE AND CONTROL GRANTS AND DONATIONS $ BANK ONE BALLPARK OPERATIONS $ CDBG HOUSING TRUST $ 2,478,069 CHILD SUPPORT AUTOMATION $ CHILD SUPPORT ENHANCEMENT $ 9,617,027 CHILDREN’S ISSUES EDUCATION $ 31,805 114,245 8,955 4,068 2,491,092 335,272 335,272 4,120,735 4,120,735 8,733 9,625,760 2,670 34,475 2,123 116,368 49,000 2,090,778 321,265 9,582,594 24,066 91,411 2,968,152 9,582,594 24,066 91,411 49,000 1,152,583 43,166 (24,066) (56,936) 67,368 43,166 (24,066) (56,936) 67,368 (59,488) 24,066 191,328 97,132 996,008 1,460,000 512,144 119,284 2,210,062 23,823 345,088 281,030 $ (9,816) (1,184) (803,599) (1,184) (803,599) 279,846 (9,816) 21,904 8,584 301,750 $ (1,232) 348,984 4,757,055 $ 5,106,039 $ (16,322) $ $ 134,392 $ 164,500 (continued on next page) 119 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2004 SPECIAL REVENUE FUNDS CLERK OF COURT EDMS REVENUES Taxes Licenses and permits Intergovernmental Charges for services Fines and forfeits Special assessment Miscellaneous Total revenues $ CLERK OF COURT FILL THE GAP $ CLERK OF COURT GRANTS $ 1,465,128 1,387,654 EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other expenditures Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures CLERK OF COURT SPOUSAL MAINTENANCE ENFORCEMENT $ CONCILIATION COURT SPECIAL $ 1,331,830 155,616 88,438 1,480,495 213 1,387,867 4,497 1,469,625 3,068 1,490,514 771 89,209 3,112 1,483,607 1,317,614 1,332,985 1,242,825 69,026 1,454,155 7,914 1,325,528 1,332,985 1,242,825 69,026 1,454,155 62,339 136,640 247,689 20,183 29,452 62,339 136,640 247,689 20,183 29,452 350,537 21,598 (388,105) 42,768 226,727 OTHER FINANCING SOURCES (USES) Transfers in Transfers out Proceeds from bond issuance Total other financing sources (uses) Net change in fund balances Fund balances (deficit) at beginning of year Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ 412,876 $ 158,238 120 $ (140,416) $ 62,951 $ 256,179 CORRECTIONAL HEALTH GRANTS $ SPECIAL REVENUE FUNDS COUNTY ATTORNEY COUNTY CRIMINAL ATTORNEY JUSTICE DRUG ENHANCEMENT DIVERSION COUNTY ATTORNEY CHECK ENFORCEMENT PROGRAM $ $ 458,188 $ COUNTY ATTORNEY FILL THE GAP $ 1,334,689 COUNTY ATTORNEY GRANTS $ 438,581 662,875 796,119 COUNTY ATTORNEY VICTIM COMPENSATION AND ASSISTANCE $ 5,975,507 727,402 83,896 3,478 799,597 4,324 1,339,013 12,272 739,674 17,936 1,119,392 2,382 5,977,889 3,582 87,478 698,309 1,160,914 907,805 1,138,202 5,951,587 23,844 362,020 399,351 698,309 1,160,914 907,805 410,819 1,549,021 33,424 5,985,011 23,844 58,837 101,288 178,099 (168,131) (429,629) (7,122) 63,634 58,837 101,288 178,099 (168,131) (429,629) (7,122) 63,634 (97,947) 151,262 186,578 1,283,367 (454,008) 113,515 458,188 37,331 $ (39,110) $ 252,550 $ 364,677 $ 1,115,236 1,280,513 $ 850,884 $ (461,130) $ 177,149 (continued on next page) 121 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2004 SPECIAL REVENUE FUNDS COUNTY ATTORNEY VICTIM COMPENSATION AND RESTITUTION REVENUES Taxes Licenses and permits Intergovernmental Charges for services Fines and forfeits Special assessment Miscellaneous Total revenues $ EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other expenditures Capital outlay Total expenditures COURT AUTOMATION $ DOMESTIC RELATIONS EDUCATION DOCUMENT RETRIEVAL $ $ ECONOMIC DEVELOPMENT $ 694,047 1,041,460 172,027 75,878 10,359 10,359 3,461 697,508 831 1,042,291 1,544 173,571 4,615 80,493 858 670,249 1,082,404 11,485 121,769 Excess (deficiency) of revenues over expenditures 858 670,249 9,501 27,259 9,501 27,259 462,298 274,888 1,082,404 121,769 11,485 (40,113) 51,802 69,008 (40,113) 51,802 69,008 145,093 412,741 OTHER FINANCING SOURCES (USES) Transfers in Transfers out Proceeds from bond issuance Total other financing sources (uses) Net change in fund balances Fund balances (deficit) at beginning of year 207,639 Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ 471,799 $ 302,147 122 $ 167,526 $ 196,895 $ 481,749 SPECIAL REVENUE FUNDS EMERGENCY MANAGEMENT $ ENVIRONMENTAL SERVICES $ ENVIRONMENTAL SERVICES ENVIRONMENTAL HEALTH $ 5,331,136 8,373 840,896 ENVIRONMENTAL SERVICES GRANTS $ EXPEDITED CHILD SUPPORT $ $ 8,637,147 5,169,281 545,377 FLOOD CONTROL GRANTS FLOOD CONTROL 50,702,924 2,000,338 16,405,251 $ 203,408 395,677 432,720 2,854 843,750 68,043 5,840,272 1,400,704 10,583,228 3,612 399,289 5,169,281 916,228 8,326 924,554 (80,804) 1,620,657 70,729,170 258 203,666 25,585,377 260,502 5,435,979 9,419,214 3,676,792 398,233 34,304 5,470,283 60,236 9,479,450 219,707 3,896,499 398,233 599,910 26,185,287 260,502 369,989 1,103,778 1,272,782 1,056 44,543,883 (56,836) (52,644,000) (52,644,000) (80,804) 369,989 1,103,778 1,272,782 2,759,531 1,854,941 (2,837,851) 1,056 (8,100,117) 263,327 (56,836) 33,163,590 87,044 $ (80,804) $ 3,129,520 $ 2,958,719 $ (1,565,069) $ 264,383 $ 25,150,517 $ (56,836) (continued on next page) 123 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2004 SPECIAL REVENUE FUNDS GENERAL GOVERNMENT GRANTS REVENUES Taxes Licenses and permits Intergovernmental Charges for services Fines and forfeits Special assessment Miscellaneous Total revenues $ HUMAN SERVICES GRANTS $ JUROR IMPROVEMENT $ JUSTICE COURT ENHANCEMENT $ JUSTICE COURT GRANTS $ 37,226,259 124,045 1,324,404 3,583 3,583 175,040 37,401,299 48,785 48,785 11,078 1,335,482 448 124,493 32,328 64,969 124,493 834,999 36,370,499 32,328 64,969 124,493 3,583 1,030,800 16,457 1,270,513 3,583 1,030,800 16,457 1,270,513 (3,437,761) 58,928 587,445 EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other expenditures Capital outlay Total expenditures 35,535,500 Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Proceeds from bond issuance Total other financing sources (uses) Net change in fund balances Fund balances (deficit) at beginning of year 353,458 Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ 357,041 $ (2,406,961) 124 $ 75,385 $ 1,857,958 $ SPECIAL REVENUE FUNDS JUSTICE COURT JUDICIAL ENHANCEMENT $ JUVENILE PROBATION DIVERSION FEES $ JUVENILE PROBATION GRANTS $ JUVENILE PROBATION SPECIAL FEES $ JUVENILE RESTITUTION $ LEGAL DEFENDER FILL THE GAP LAW LIBRARY $ $ 14,680,759 45,000 251,103 837,129 78,863 786,416 3,506 568,600 20,796 589,396 3,890 254,993 11,064 14,691,823 8,684 845,813 18,212 97,075 50,792 840,714 374 45,374 158,768 216,400 14,635,884 831,160 49,515 778,625 42,455 4,949 163,717 216,400 14,635,884 831,160 49,515 778,625 42,455 425,679 38,593 55,939 14,653 47,560 62,089 2,919 138,675 138,675 $ 425,679 38,593 194,614 14,653 47,560 62,089 2,919 1,731,921 374,221 (975,499) 911,968 50,203 196,618 6,299 2,157,600 $ 412,814 $ (780,885) $ 926,621 $ 97,763 $ 258,707 $ 9,218 (continued on next page) 125 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2004 SPECIAL REVENUE FUNDS LIBRARY REVENUES Taxes Licenses and permits Intergovernmental Charges for services Fines and forfeits Special assessment Miscellaneous Total revenues $ EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other expenditures Capital outlay Total expenditures 14,414,827 MEDICAL EXAMINER GRANTS LIBRARY GRANTS $ $ 407,807 27,902 479,128 138,884 531,943 15,861,607 339 139,223 OLD COURTHOUSE $ PALO VERDE $ 243,824 127 127 3,424 247,248 8,748 217,476 Excess (deficiency) of revenues over expenditures 12,884,967 139,095 3,515,189 16,400,156 139,095 (538,549) OTHER FINANCING SOURCES (USES) Transfers in Transfers out Proceeds from bond issuance Total other financing sources (uses) 265,496 217,476 8,748 10,175 275,671 128 (217,476) (8,621) (28,423) 128 (217,476) (8,621) (28,423) 8,680 195,540 (1,322) (1,322) Net change in fund balances (539,871) Fund balances (deficit) at beginning of year 5,465,627 (27,959) Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ 4,925,756 $ (27,831) 126 $ (217,476) $ 59 $ 167,117 SPECIAL REVENUE FUNDS PARKS AND RECREATION GRANTS $ PARKS DONATIONS $ PARKS LAKE PLEASANT PARKS ENHANCEMENT $ $ PARKS SPUR CROSS RANCH PARKS SOUVENIR $ $ PLANNING AND DEVELOPMENT $ 8,655,510 39,491 1,224 40,715 512,090 512,090 1,593,724 211,710 1,233,797 1,200 603,597 2,197,321 66,775 1,513,482 420,000 27,249 79,528 79,528 3,135,319 675 3,749 450,998 175,105 11,966,609 8,500,164 160,550 24,248 2,143,977 1,265,850 50,009 218,963 160,550 24,248 110,999 2,254,976 209,800 1,475,650 50,009 155,321 374,284 209,131 8,709,295 (119,835) 487,842 (57,655) 37,832 29,519 76,714 3,257,314 (60,366) (29,520) (20,574) 29,520 (60,366) (29,520) (20,574) (22,534) (1) 29,520 $ (119,835) 487,842 (28,135) 140,143 806,589 1,696,406 20,308 $ 1,294,431 $ 1,668,271 1,509,294 $ 1,486,760 24,999 $ 24,998 $ 76,714 3,236,740 177,095 12,753,336 253,809 $ 15,990,076 (continued on next page) 127 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2004 SPECIAL REVENUE FUNDS PLANNING PROJECT FEES REVENUES Taxes Licenses and permits Intergovernmental Charges for services Fines and forfeits Special assessment Miscellaneous Total revenues $ PUBLIC DEFENDER FILL THE GAP PROBATE PROGRAMS $ $ PUBLIC DEFENDER GRANTS $ PUBLIC DEFENDER TRAINING $ 276,325 EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other expenditures Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures 369,537 636,309 493,223 415,487 384,432 4,844 281,169 1,579 386,011 1,005,846 493,223 6,817 422,304 116,782 376,742 994,283 373,650 361,033 116,782 376,742 994,283 373,650 361,033 164,387 9,269 11,563 119,573 61,271 164,387 9,269 11,563 119,573 61,271 433,030 115,951 212,879 (119,573) OTHER FINANCING SOURCES (USES) Transfers in Transfers out Proceeds from bond issuance Total other financing sources (uses) Net change in fund balances Fund balances (deficit) at beginning of year 45,495 Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ 597,417 $ 125,220 128 $ 224,442 $ $ 106,766 SPECIAL REVENUE FUNDS PUBLIC HEALTH PHARMACY PUBLIC HEALTH $ $ 39,795,142 45,114 RESEARCH AND REPORTING RECORDER’S SURCHARGE $ 300 3,826,354 $ SHERIFF DONATIONS RICO $ $ SHERIFF GRANTS $ 5,559,798 6,596,320 560,238 1,128 39,841,384 19,006 3,845,660 62,179 6,658,499 366,001 366,001 2,763,950 415,476 41,312,977 3,618,189 179,919 41,492,896 27,214 3,645,403 1,466,995 4,230,945 200,257 2,427,554 (1,651,512) 415,476 533,119 560,238 9,518 9,518 5,640 6,098,557 542,261 3,346 4,620,384 17,977 560,238 3,346 1,234,416 5,854,800 6,172 243,757 6,172 243,757 22,548 (615,691) (49,475) 49,213 (521) 49,213 (1,651,512) 249,470 2,427,554 (816,123) 1,229,202 5,760,809 44,628 $ (521) (2,423,007) (49,996) 123,341 (22,568) $ 1,456,104 $ 8,188,363 $ 73,345 $ $ 28,720 $ (371,934) (continued on next page) 129 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2004 SPECIAL REVENUE FUNDS SHERIFF INMATE HEALTH SERVICES REVENUES Taxes Licenses and permits Intergovernmental Charges for services Fines and forfeits Special assessment Miscellaneous Total revenues $ SMALL SCHOOLS SERVICE PROGRAM SHERIFF SPECIAL FUNDING $ $ SPORTS AUTHORITY $ 988,207 112,599 EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other expenditures Capital outlay Total expenditures 1,051 113,650 11,039,493 11,039,493 42,609 7,498,249 49,542 1,037,749 492,120 492,120 528,818 1,208,896 Excess (deficiency) of revenues over expenditures 20,905 63,514 32,175 7,530,424 22,913 1,231,809 50,136 3,509,069 (194,060) (36,698) 50,136 3,509,069 (194,060) (36,698) 26,801 3,879,400 170,304 95,850 528,818 OTHER FINANCING SOURCES (USES) Transfers in Transfers out Proceeds from bond issuance Total other financing sources (uses) Net change in fund balances Fund balances (deficit) at beginning of year Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ 76,937 $ 130 7,388,469 $ (23,756) $ 59,152 SPECIAL REVENUE FUNDS STADIUM DISTRICT $ SUPERIOR COURT FILL THE GAP STREET LIGHTING $ SUPERIOR COURT JUDICIAL ENHANCEMENT SUPERIOR COURT GRANTS $ $ $ SUPERIOR COURT SPECIAL $ 1,600,817 1,251,362 250,000 855,601 1,186,366 2,561,521 3,425,632 29,251 3,454,883 5,426 1,606,243 450 1,251,812 17,512 1,123,113 865 3,748,752 3,334,584 1,400,654 1,188,576 867,053 3,225,954 27,006 3,334,584 1,400,654 20,803 1,209,379 92,958 960,011 3,225,954 (3,855) 120,299 205,589 42,433 163,102 522,798 196,145 120,299 205,589 42,433 163,102 522,798 2,195,208 1,958,437 69,798 (59,472) 1,279,624 1,316,257 23,151 23,151 27,006 200,000 200,000 $ 2,391,353 $ 2,078,736 $ 275,387 $ (17,039) $ 1,442,726 $ 1,839,055 (continued on next page) 131 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2004 SPECIAL REVENUE FUNDS TAXPAYERS’ INFORMATION REVENUES Taxes Licenses and permits Intergovernmental Charges for services Fines and forfeits Special assessment Miscellaneous Total revenues $ TRANSPORTATION $ $ $ 1,719,370 94,625,142 147,691 881,402 97,225,914 147,691 41,533,485 15,836 126,940 126,940 EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other expenditures Capital outlay Total expenditures 1,034,548 1,034,548 725,490 Excess (deficiency) of revenues over expenditures 126,940 OTHER FINANCING SOURCES (USES) Transfers in Transfers out Proceeds from bond issuance Total other financing sources (uses) 2,272,852 43,806,337 15,836 725,490 53,419,577 131,855 309,058 131,855 309,058 (131,855) 203,586 (57,171,064) (57,171,064) Net change in fund balances 126,940 Fund balances (deficit) at beginning of year (3,751,487) 563,027 29,789,730 Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year UNORGANIZED TERRITORY TRANSPORTATION TRANSPORTATION GRANTS (26,338) $ 689,967 $ 132 26,011,905 $ $ 512,644 SPECIAL REVENUE FUNDS WASTE TIRE PROGRAM VICTIM LOCATION $ DEBT SERVICE FUNDS $ $ 4,066,015 3,321 3,321 230,808 4,296,823 65,117,751 30,322,688 264,866,073 45,436,176 4,307,781 3,425,632 24,351,066 437,827,167 $ STADIUM DISTRICT $ 5,556,717 TOTAL $ 158,646 158,646 5,556,717 416,091 5,972,808 158,646 416,091 6,131,454 3,188,174 107,169,346 41,549,321 119,869,308 18,439,491 16,931,624 3,091,933 3,321 SPECIAL ASSESSMENTS TOTAL 1,460,000 512,144 85,577 27,047 2,000,000 2,912,094 6,386 2,085,577 2,939,141 6,386 183,878 3,275,811 12,844,914 321,964,322 112,624 4,918,480 5,031,104 1,021,012 115,862,845 46,022 1,054,328 1,100,350 (123,116) 829,535 (111,469,097) (200,000) (200,000) (123,116) (110,639,562) (200,000) (200,000) 3,321 897,896 5,223,283 46,022 854,328 900,350 84,661 4,491,844 122,901,712 249,963 8,658,371 8,908,334 83,147 $ 87,982 $ 5,389,740 $ 128,208,142 $ 295,985 $ 9,512,699 $ 9,808,684 (continued on next page) 133 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2004 CAPITAL PROJECTS FUNDS BANK ONE BALLPARK PROJECT RESERVE REVENUES Taxes Licenses and permits Intergovernmental Charges for services Fines and forfeits Special assessment Miscellaneous Total revenues $ BOND FUNDS $ FLOOD CONTROL CAPITAL PROJECTS COUNTY IMPROVEMENT $ $ 84,018 EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other expenditures Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures 356,747 440,765 605 3,214 3,819 2,845,958 2,845,958 2,500 2,500 180,786 180,786 5,977,182 5,977,182 47,741,781 47,741,781 (176,967) (3,131,224) (47,741,781) 438,265 OTHER FINANCING SOURCES (USES) Transfers in Transfers out Proceeds from bond issuance Total other financing sources (uses) 803,599 52,644,000 60,059 60,059 803,599 Net change in fund balances Fund balances (deficit) at beginning of year 1,241,864 (116,908) 8,104,835 217,086 3,184,532 3,184,532 52,644,000 53,308 4,902,219 49,085,349 Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ 9,346,699 $ 134 100,178 $ 49,138,657 $ 4,902,219 CAPITAL PROJECTS FUNDS GENERAL FUND COUNTY IMPROVEMENT $ INTERGOVERNMENTAL CAPITAL PROJECTS $ 426,072 426,072 MAJOR LEAGUE STADIUM JAIL CONSTRUCTION $ 5,294,741 5,294,741 $ 45 45 TRANSPORTATION CAPITAL PROJECTS $ 351,435 351,435 TOTAL $ TOTAL NONMAJOR GOVERNMENTAL FUNDS $ 9,384,689 9,468,707 3,594,158 12,978,847 605 12,872,370 22,341,682 70,674,468 30,322,688 274,334,780 45,436,176 4,307,781 3,584,883 37,639,527 466,300,303 3,188,174 107,169,346 41,549,321 119,869,308 18,439,491 16,931,624 51,881,834 51,881,834 205,521,555 205,521,555 3,545,577 3,451,285 6,386 218,366,469 532,516,981 (77,841,907) (38,902,987) (183,179,873) (66,216,678) 9,032,477 48,585,819 57,000,000 168,065,895 9,032,477 48,585,819 57,000,000 3,244,591 171,310,486 168,895,430 (111,669,097) 3,244,591 60,470,924 18,097,013 5,611,942 5,611,942 15,932,143 15,932,143 77,841,952 77,841,952 (5,185,870) (10,637,402) 3,846,607 (10,637,402) (29,256,088) 35,232,113 17,764,515 10,026,627 351,435 351,435 (11,869,387) (5,745,754) 120,430,525 252,240,571 83,147 $ 39,078,720 $ 7,127,113 $ (19,229,461) $ $ 135 18,097,013 $ 108,561,138 $ 246,577,964 136 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Adult Probation Grants Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 6,029,945 $ 5,939,945 90,000 ACTUAL AMOUNTS $ 6,029,945 6,029,945 4,705,818 114,104 1,219 4,821,141 6,029,945 6,029,945 6,029,945 6,029,945 4,769,714 4,769,714 1,260,231 1,260,231 51,427 51,427 Excess of revenues over expenditures Net change in fund balances Fund balance (deficit) – beginning Fund balance (deficit) – ending VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ 137 $ 51,427 (188,585) (137,158) $ $ (1,234,127) 24,104 1,219 (1,208,804) 51,427 (188,585) (137,158) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Adult Probation Services Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures 8,040,000 125,000 40,000 8,205,000 $ 8,205,000 8,040,000 125,000 40,000 8,205,000 ACTUAL AMOUNTS $ 8,049,709 155,291 8,205,000 8,205,000 $ 2,998,791 2,998,791 138 $ 2,998,791 2,998,791 7,925,106 111,429 33,225 8,069,760 $ 7,662,370 195,501 7,857,871 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ (114,894) (13,571) (6,775) (135,240) 387,339 (40,210) 347,129 211,889 211,889 211,889 3,289,458 3,501,347 211,889 290,667 502,556 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Animal Care and Control Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Licenses and permits Charges for services Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources (uses) Net change in fund balances Fund balance (deficit) – beginning Increase in reserve for inventories Fund balance – ending $ 3,850,000 1,550,000 5,400,000 5,515,000 5,034,483 5,034,483 5,007,393 141,975 5,149,368 5,032,416 146,078 5,178,494 365,517 365,632 667,762 302,130 (347,268) (347,268) (347,268) (347,268) 412,127 (1,704) 410,423 412,127 345,564 757,691 18,249 115,462 18,364 115,462 139 $ 3,866,056 1,648,944 ACTUAL AMOUNTS 3,702,862 2,088,451 794 54,149 5,846,256 133,711 $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 133,826 $ $ 1,078,185 (579,485) 381 499,081 $ (163,194) 439,507 794 54,149 331,256 (25,023) (4,103) (29,126) $ 1,059,821 (694,947) 381 365,255 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Animal Care and Control Field Services Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ 2,224,643 10,532 2,235,175 2,471,155 1,941,541 49,000 1,990,541 1,969,521 257,000 2,226,521 2,090,778 119,284 2,210,062 244,634 244,634 281,030 (241,322) (241,322) (241,322) (241,322) 3,312 216,825 220,137 3,312 216,825 220,137 $ 2,460,623 10,532 ACTUAL AMOUNTS 2,478,069 8,955 4,068 2,491,092 140 $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ (121,257) 137,716 16,459 36,396 (1,184) (1,184) $ 279,846 21,904 301,750 17,446 (1,577) 4,068 19,937 240,138 240,138 $ 276,534 (194,921) 81,613 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Animal Care and Control Grants and Donations Fund Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures 89,438 258,818 348,256 111,579 258,818 370,397 348,255 370,397 348,255 370,397 Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance (deficit) – ending $ $ ACTUAL AMOUNTS $ 335,272 335,272 $ (111,579) 76,454 (35,125) 321,265 23,823 345,088 49,132 (23,823) 25,309 1 (9,816) (9,816) 1 (9,816) 8,584 (1,232) (9,816) 8,584 (1,232) 1 141 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Bank One Ballpark Operations Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Current: Culture and recreation Debt service – principal Debt service – interest Capital outlay Total expenditures $ 1,951,213 Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending 4,530,021 4,530,021 $ 4,530,021 4,530,021 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 4,120,735 4,120,735 $ (409,286) (409,286) 996,008 1,460,000 512,144 15,000 1,966,213 1,439,069 1,460,000 512,144 15,000 3,426,213 2,968,152 15,000 458,061 2,563,808 1,103,808 1,152,583 48,775 (1,505,724) (1,505,724) (1,005,724) (1,005,724) 1,058,084 4,654,929 5,713,013 98,084 4,654,929 4,753,013 142 $ 443,061 (803,599) (803,599) $ 348,984 4,757,055 5,106,039 202,125 202,125 $ 250,900 102,126 353,026 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual CDBG Housing Trust Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance (deficit) – beginning Fund balance (deficit) – ending 15,857,672 15,857,672 15,857,672 15,836,447 15,836,447 15,836,447 15,836,447 9,582,594 9,582,594 6,253,853 6,253,853 21,225 21,225 43,166 21,941 (21,225) (21,225) (21,225) (21,225) $ 143 15,857,672 ACTUAL AMOUNTS 9,617,027 8,733 9,625,760 $ $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ (6,240,645) 8,733 (6,231,912) 21,225 21,225 $ 43,166 (59,488) (16,322) $ 43,166 (59,488) (16,322) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Child Support Automation Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL EXPENDITURES Current: Health, welfare and sanitation Total expenditures $ Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 18,691 18,691 FINAL $ 18,691 18,691 $ ACTUAL VARIANCE WITH FINAL BUDGETPOSITIVE AMOUNTS (NEGATIVE) 24,066 24,066 $ (5,375) (5,375) (18,691) (18,691) (24,066) (5,375) (18,691) 18,691 (18,691) 18,691 (24,066) 24,066 (5,375) 5,375 $ $ 144 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Child Support Enhancement Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 45,000 45,000 45,000 125,000 125,000 125,000 125,000 91,411 91,411 33,589 33,589 (80,000) (80,000) (56,936) 23,064 (80,000) 80,000 (80,000) 80,000 (56,936) 191,328 134,392 23,064 111,328 134,392 $ 145 45,000 ACTUAL AMOUNTS 31,805 2,670 34,475 $ $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ $ $ (13,195) 2,670 (10,525) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Children’s Issues Education Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 52,650 300 52,950 $ 52,950 52,950 52,650 300 52,950 ACTUAL AMOUNTS $ 52,950 52,950 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 95,683 95,683 146 $ 95,683 95,683 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 114,245 2,123 116,368 $ 61,595 1,823 63,418 49,000 49,000 3,950 3,950 67,368 67,368 67,368 97,132 164,500 67,368 1,449 68,817 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Clerk of Court EDMS Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures 1,400,000 Net change in fund balances Fund balance – beginning Fund balance – ending 1,400,000 ACTUAL AMOUNTS 1,400,000 1,400,000 1,387,654 213 1,387,867 1,369,998 30,000 1,399,998 1,370,000 30,000 1,400,000 1,317,614 7,914 1,325,528 52,386 22,086 74,472 62,339 62,339 62,339 350,537 412,876 62,339 80,551 142,890 Excess of revenues over expenditures $ $ 2 $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 2 269,986 269,988 147 $ 269,986 269,986 $ $ $ (12,346) 213 (12,133) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Clerk of Court Fill the Gap Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 1,095,633 791,222 $ 1,886,855 ACTUAL AMOUNTS $ $ 1,465,128 $ (421,727) 1,886,855 1,886,855 4,497 1,469,625 4,497 (417,230) 1,886,855 1,886,855 1,886,855 1,886,855 1,332,985 1,332,985 553,870 553,870 136,640 136,640 136,640 21,598 158,238 136,640 (184,809) (48,169) Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 206,407 206,407 148 $ 206,407 206,407 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Clerk of Court Grants Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 1,450,000 $ 1,450,000 ACTUAL AMOUNTS $ 1,450,000 1,450,000 1,331,830 155,616 3,068 1,490,514 1,450,000 1,450,000 1,450,000 1,450,000 1,242,825 1,242,825 207,175 207,175 247,689 247,689 247,689 (388,105) (140,416) 247,689 (388,105) (140,416) Excess of revenues over expenditures Net change in fund balances Fund balance (deficit) – beginning Fund balance (deficit) – ending VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ 149 $ $ $ (118,170) 155,616 3,068 40,514 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Clerk of Court Spousal Maintenance Enforcement Fund Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 95,000 $ 95,000 ACTUAL AMOUNTS $ 95,000 95,000 88,438 771 89,209 95,000 95,000 95,000 95,000 69,026 69,026 25,974 25,974 20,183 20,183 20,183 42,768 62,951 20,183 8,153 28,336 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 34,615 34,615 150 $ 34,615 34,615 $ $ $ (6,562) 771 (5,791) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Conciliation Court Special Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 1,550,004 2,006 1,552,010 $ 1,552,010 1,552,010 1,550,004 2,006 1,552,010 ACTUAL AMOUNTS $ 1,552,010 1,552,010 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 160,719 160,719 151 $ 160,719 160,719 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 1,480,495 3,112 1,483,607 $ (69,509) 1,106 (68,403) 1,454,155 1,454,155 97,855 97,855 29,452 29,452 29,452 226,727 256,179 29,452 66,008 95,460 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Correctional Health Grants Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures 1,050,486 $ 1,050,486 1,045,986 4,500 1,050,486 204,590 845,896 1,050,486 215,169 846,857 1,062,026 Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance (deficit) – beginning Fund balance (deficit) – ending $ $ 152 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS 458,188 (587,798) (4,500) (592,298) 37,331 362,020 399,351 177,838 484,837 662,675 (11,540) 58,837 70,377 (11,540) 58,837 (97,947) (39,110) 70,377 (97,947) (27,570) (11,540) $ $ 458,188 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual County Attorney Check Enforcement Program Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 502,197 $ Net change in fund balances Fund balance – beginning Fund balance – ending $ ACTUAL AMOUNTS 502,197 684,457 796,119 3,478 799,597 502,197 502,197 699,100 699,100 698,309 698,309 791 791 (14,643) 101,288 115,931 (14,643) 256,865 242,222 101,288 151,262 252,550 115,931 (105,603) 10,328 Excess (deficiency) of revenues over expenditures 256,865 256,865 153 $ 684,457 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ $ $ 111,662 3,478 115,140 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual County Attorney Criminal Justice Enhancement Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 1,361,500 $ 1,361,500 ACTUAL AMOUNTS $ 1,361,500 1,361,500 1,334,689 4,324 1,339,013 1,361,500 1,361,500 1,361,500 1,361,500 1,160,914 1,160,914 200,586 200,586 178,099 178,099 178,099 186,578 364,677 178,099 (183,494) (5,395) Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 370,072 370,072 154 $ 370,072 370,072 $ $ $ (26,811) 4,324 (22,487) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual County Attorney Drug Diversion Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 750,000 $ 750,000 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 750,000 750,000 727,402 12,272 739,674 $ (22,598) 12,272 (10,326) 1,000,000 1,000,000 1,000,000 1,000,000 907,805 907,805 92,195 92,195 (250,000) (250,000) (168,131) 81,869 (250,000) 1,303,133 1,053,133 (250,000) 1,303,133 1,053,133 (168,131) 1,283,367 1,115,236 81,869 (19,766) 62,103 155 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual County Attorney Fill the Gap Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 421,126 845,498 $ 421,126 845,498 1,266,624 1,266,624 1,576,624 1,576,624 1,576,624 1,576,624 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 438,581 662,875 17,936 1,119,392 $ 1,138,202 410,819 1,549,021 17,455 (182,623) 17,936 (147,232) 438,422 (410,819) 27,603 (310,000) (310,000) (429,629) (119,629) (310,000) 1,246,394 936,394 (310,000) 1,246,394 936,394 (429,629) 1,280,513 850,884 (119,629) 34,119 (85,510) 156 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual County Attorney Grants Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures 5,263,576 $ 6,659,380 5,263,576 6,659,380 5,263,576 6,659,380 5,263,576 6,659,380 ACTUAL AMOUNTS $ $ $ 157 5,975,507 2,382 5,977,889 $ 5,951,587 33,424 5,985,011 Deficiency of revenues under expenditures Net change in fund balances Fund balance (deficit) – beginning Fund balance (deficit) – ending VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ (683,873) 2,382 (681,491) 707,793 (33,424) 674,369 (7,122) (7,122) (7,122) (454,008) (461,130) (7,122) (454,008) (461,130) $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual County Attorney Victim Compensation and Assistance Fund Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 36,000 36,000 36,000 75,000 75,000 75,000 75,000 23,844 23,844 51,156 51,156 (39,000) (39,000) 63,634 102,634 (39,000) 85,387 46,387 (39,000) 85,387 46,387 63,634 113,515 177,149 102,634 28,128 130,762 $ 36,000 ACTUAL AMOUNTS 83,896 3,582 87,478 158 $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ $ $ 47,896 3,582 51,478 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual County Attorney Victim Compensation and Restitution Fund Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 40,000 40,000 $ 340,000 340,000 52,896 52,896 352,896 352,896 (12,896) (12,896) 12,896 $ $ 159 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 10,359 10,359 $ (329,641) (329,641) 858 858 352,038 352,038 (12,896) 9,501 22,397 (12,896) 12,896 9,501 462,298 471,799 22,397 449,402 471,799 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Court Automation Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 710,000 2,729 712,729 $ 712,729 712,729 710,000 2,729 712,729 ACTUAL AMOUNTS $ 712,729 712,729 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 152,590 152,590 160 $ 152,590 152,590 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 694,047 3,461 697,508 $ (15,953) 732 (15,221) 670,249 670,249 42,480 42,480 27,259 27,259 27,259 274,888 302,147 27,259 122,298 149,557 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Document Retrieval Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures $ 1,128,725 1,128,725 Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 1,010,996 12,929 1,023,925 $ 1,010,996 12,929 1,023,925 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 1,128,725 1,128,725 1,041,460 831 1,042,291 $ 30,464 (12,098) 18,366 1,082,404 1,082,404 46,321 46,321 (104,800) (104,800) (40,113) 64,687 (104,800) 168,488 63,688 (104,800) 168,488 63,688 (40,113) 207,639 167,526 64,687 39,151 103,838 161 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Domestic Relations Education Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Total expenditures 167,000 4,002 171,002 $ 171,002 171,002 167,000 4,002 171,002 ACTUAL AMOUNTS $ 171,002 171,002 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 227,682 227,682 162 $ 227,682 227,682 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 172,027 1,544 173,571 $ 5,027 (2,458) 2,569 121,769 121,769 49,233 49,233 51,802 51,802 51,802 145,093 196,895 51,802 (82,589) (30,787) $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Economic Development Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 65,000 10,000 75,000 $ 65,000 10,000 75,000 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 75,878 4,615 80,493 $ 10,878 (5,385) 5,493 479,899 479,899 479,899 479,899 11,485 11,485 468,414 468,414 (404,899) (404,899) 69,008 473,907 (404,899) 3,601,692 3,196,793 (404,899) 3,601,692 3,196,793 69,008 412,741 481,749 163 $ $ $ 473,907 (3,188,951) (2,715,044) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Emergency Management Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance (deficit) – ending $ 941,132 $ 941,132 1,011,757 500 1,012,257 1,040,945 25,000 1,065,945 1,112,070 25,000 1,137,070 ACTUAL AMOUNTS $ 840,896 2,854 843,750 44,009 (80,804) (124,813) 254,241 129,428 (124,813) 254,241 129,428 (80,804) 164 (170,861) 2,354 (168,507) 195,842 16,674 212,516 (124,813) $ $ 916,228 8,326 924,554 (124,813) $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) (80,804) $ 44,009 (254,241) (210,232) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Environmental Services Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Licenses and permits Intergovernmental Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ 4,983,000 750,000 67,000 5,800,000 750,000 67,000 5,800,000 4,962,405 201,200 5,163,605 5,392,774 276,200 5,668,974 5,435,979 34,304 5,470,283 636,395 131,026 369,989 (293,938) (293,938) (293,938) (293,938) 165 $ 4,983,000 ACTUAL AMOUNTS 5,331,136 8,373 432,720 68,043 5,840,272 342,457 2,993,834 3,336,291 $ (162,912) 2,993,834 2,830,922 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ 348,136 8,373 (317,280) 1,043 40,272 (43,205) 241,896 198,691 238,963 293,938 293,938 $ 369,989 2,759,531 3,129,520 $ 532,901 (234,303) 298,598 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Environmental Services Environmental Health Fund Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Licenses and permits Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures $ 8,435,208 Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending 7,287,574 550,000 926,000 8,763,574 $ 7,926,742 550,000 926,000 9,402,742 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 8,637,147 545,377 1,400,704 10,583,228 $ 710,405 (4,623) 474,704 1,180,486 8,435,208 9,125,852 36,907 9,162,759 9,419,214 60,236 9,479,450 (293,362) (23,329) (316,691) 328,366 239,983 1,103,778 863,795 (293,938) (293,938) (293,938) (293,938) 34,428 1,398,843 1,433,271 166 $ (53,955) 1,398,843 1,344,888 293,938 293,938 $ 1,103,778 1,854,941 2,958,719 $ 1,157,733 456,098 1,613,831 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Environmental Services Grants Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures 3,893,983 3,893,983 3,736,484 157,500 3,893,984 Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance (deficit) – beginning Fund balance (deficit) – ending $ $ ACTUAL AMOUNTS $ 4,128,541 202,985 4,331,526 5,169,281 5,169,281 $ 3,676,792 219,707 3,896,499 837,755 837,755 451,749 (16,722) 435,027 (1) 1,272,782 1,272,782 (1) 1,272,782 (2,837,851) (1,565,069) 1,272,782 (2,837,851) (1,565,069) (1) 167 4,331,526 4,331,526 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Expedited Child Support Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Total expenditures 395,569 4,000 399,569 $ 399,569 399,569 395,569 4,000 399,569 ACTUAL AMOUNTS $ 399,569 399,569 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 218,531 218,531 168 $ 218,531 218,531 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 395,677 3,612 399,289 $ 108 (388) (280) 398,233 398,233 1,336 1,336 1,056 1,056 1,056 263,327 264,383 1,056 44,796 45,852 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Flood Control Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Taxes Licenses and permits Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Increase in reserve for inventory of supplies Fund balance – ending $ 51,291,605 1,800,700 16,554,000 6,346,438 75,992,743 $ 51,291,605 1,800,700 16,554,000 6,346,438 75,992,743 ACTUAL AMOUNTS $ 50,702,924 2,000,338 16,405,251 1,620,657 70,729,170 VARIANCE WITH FINAL BUDGET POSITIVE (NEGATIVE) $ (588,681) 199,638 (148,749) (4,725,781) (5,263,573) 23,944,465 724,650 24,669,115 25,535,165 809,950 26,345,115 25,585,377 599,910 26,185,287 (50,212) 210,040 159,828 51,323,628 49,647,628 44,543,883 (5,103,745) (55,136,127) (55,136,127) (53,780,127) (53,780,127) (52,644,000) (52,644,000) 1,136,127 1,136,127 (3,812,499) 4,602,581 (4,132,499) 4,602,581 (8,100,117) 33,163,590 87,044 25,150,517 (3,967,618) 28,561,009 87,044 24,680,435 790,082 169 $ 470,082 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Flood Control Grants Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ $ EXPENDITURES Current: Public safety Total expenditures 566,965 ACTUAL AMOUNTS $ 566,965 203,408 258 203,666 566,965 566,965 260,502 260,502 306,463 306,463 (56,836) (56,836) (56,836) (56,836) Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance (deficit) – ending $ $ 170 VARIANCE WITH FINAL BUDGET POSITIVE (NEGATIVE) $ (56,836) $ $ (363,557) 258 (363,299) (56,836) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual General Government Grants Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Current: General government Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 4,230,000 4,230,000 $ 3,183,572 3,183,572 VARIANCE WITH FINAL BUDGET POSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 3,583 3,583 $ (3,179,989) (3,179,989) 4,003,472 4,003,472 2,148,649 2,148,649 226,528 1,034,923 3,583 (1,031,340) 226,528 1,034,923 3,583 353,458 357,041 (1,031,340) 353,458 (677,882) 226,528 171 $ 1,034,923 2,148,649 2,148,649 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Human Services Grants Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance (deficit) – beginning Fund balance (deficit) – ending 35,032,337 $ 39,632,788 ACTUAL AMOUNTS $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 35,032,337 39,632,788 37,226,259 175,040 37,401,299 33,592,034 1,120,500 34,712,534 38,154,034 1,120,500 39,274,534 35,535,500 834,999 36,370,499 2,618,534 285,501 2,904,035 319,803 358,254 1,030,800 672,546 (319,802) (319,802) (358,254) (358,254) 1 172 $ (2,406,529) 175,040 (2,231,489) 358,254 358,254 1 $ $ $ 1,030,800 (3,437,761) (2,406,961) $ 1,030,800 (3,437,761) (2,406,961) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Juror Improvement Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 200,000 200,000 $ 200,000 200,000 200,000 200,000 ACTUAL AMOUNTS $ 200,000 200,000 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 65,752 65,752 173 $ 65,752 65,752 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 48,785 48,785 $ (151,215) (151,215) 32,328 32,328 167,672 167,672 16,457 16,457 16,457 58,928 75,385 16,457 (6,824) 9,633 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Justice Court Enhancement Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 458,431 7,803 466,234 $ 466,234 466,234 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 632,851 632,851 174 $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS 458,431 7,803 466,234 $ 1,324,404 11,078 1,335,482 $ 865,973 3,275 869,248 466,233 466,233 64,969 64,969 401,264 401,264 1 1,270,513 1,270,512 1 632,851 632,852 1,270,513 587,445 1,857,958 1,270,512 (45,406) 1,225,106 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Justice Court Grants Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 179,320 $ 179,320 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 179,320 179,320 124,045 448 124,493 179,320 179,320 179,320 179,320 124,493 124,493 $ 54,827 54,827 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ $ 175 $ (55,275) 448 (54,827) $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Justice Court Judicial Enhancement Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures $ 610,011 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 610,000 11,617 621,617 $ 610,000 11,617 621,617 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 568,600 20,796 589,396 $ (41,400) 9,179 (32,221) 610,011 408,108 201,903 610,011 158,768 4,949 163,717 249,340 196,954 446,294 11,606 11,606 425,679 414,073 11,606 1,240,914 1,252,520 11,606 1,240,914 1,252,520 425,679 1,731,921 2,157,600 414,073 491,007 905,080 176 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Juvenile Probation Diversion Fees Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 268,425 $ 268,425 ACTUAL AMOUNTS $ 268,425 268,425 251,103 3,890 254,993 268,425 268,425 268,425 268,425 216,400 216,400 52,025 52,025 38,593 38,593 38,593 374,221 412,814 38,593 6,254 44,847 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 367,967 367,967 177 $ 367,967 367,967 $ $ $ (17,322) 3,890 (13,432) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Juvenile Probation Grants Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 16,245,747 $ 19,027,840 ACTUAL AMOUNTS $ 16,245,747 19,027,840 14,680,759 11,064 14,691,823 16,245,747 16,245,747 19,027,840 19,027,840 14,635,884 14,635,884 4,391,956 4,391,956 55,939 55,939 138,675 138,675 138,675 138,675 194,614 (975,499) (780,885) 194,614 (975,499) (780,885) Excess of revenues over expenditures OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance (deficit) – beginning Fund balance (deficit) – ending VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ 178 $ $ $ (4,347,081) 11,064 (4,336,017) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Juvenile Probation Special Fees Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 830,000 830,000 830,000 946,528 946,528 946,528 946,528 831,160 831,160 115,368 115,368 (116,528) (116,528) 14,653 131,181 (116,528) 735,746 619,218 (116,528) 735,746 619,218 14,653 911,968 926,621 131,181 176,222 307,403 $ 830,000 ACTUAL AMOUNTS 837,129 8,684 845,813 179 $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ $ $ 7,129 8,684 15,813 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Juvenile Restitution Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures $ ACTUAL AMOUNTS 10,000 10,000 50,000 50,000 $ 78,863 18,212 97,075 10,000 10,000 50,000 50,000 49,515 49,515 485 485 47,560 47,560 47,560 50,203 97,763 47,560 30,550 78,110 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 19,653 19,653 180 $ 19,653 19,653 $ $ $ 78,863 (31,788) 47,075 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Law Library Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 780,996 571 22,943 804,510 $ 780,996 571 22,943 804,510 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 786,416 3,506 50,792 840,714 $ 5,420 2,935 27,849 36,204 800,000 800,000 800,000 800,000 778,625 778,625 21,375 21,375 4,510 4,510 62,089 57,579 4,510 136,847 141,357 4,510 136,847 141,357 62,089 196,618 258,707 57,579 59,771 117,350 181 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Legal Defender Fill the Gap Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ 42,974 $ ACTUAL AMOUNTS $ 45,000 $ 42,974 EXPENDITURES Current: Public safety Total expenditures 45,000 (42,974) 374 2,400 42,974 42,974 374 45,374 42,974 42,974 42,974 42,974 42,455 42,455 519 519 2,919 2,919 2,919 6,299 9,218 2,919 6,299 9,218 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ 182 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Library Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Taxes Intergovernmental Charges for services Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Culture and recreation Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures $ 300,260 243,060 12,696,129 444,775 597,370 15,986,036 11,879,398 27,000 11,906,398 13,310,219 3,695,991 17,006,210 12,884,967 3,515,189 16,400,156 (681,388) (681,388) $ 108,343 930,156 1,038,499 183 $ 14,503,468 440,423 ACTUAL AMOUNTS 14,414,827 407,807 27,902 479,128 531,943 15,861,607 789,731 OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance (deficit) – ending 11,755,669 397,140 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ (88,641) (32,616) 27,902 34,353 (65,427) (124,429) 425,252 180,802 606,054 (1,020,174) (538,549) 481,625 (681,388) (681,388) (1,322) (1,322) 680,066 680,066 (1,701,562) 930,156 (771,406) (539,871) 5,465,627 4,925,756 1,161,691 4,535,471 5,697,162 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Library Grants Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Culture and recreation Total expenditures 25,000 $ 146,396 ACTUAL AMOUNTS $ 25,000 146,396 138,884 339 139,223 25,000 25,000 146,396 146,396 139,095 139,095 7,301 7,301 128 128 Excess of revenues over expenditures Net change in fund balances Fund balance (deficit) – beginning Fund balance (deficit) – ending VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ 184 $ 128 (27,959) (27,831) $ $ (7,512) 339 (7,173) 128 (27,959) (27,831) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Medical Examiner Grants Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures 207,614 207,614 $ 201,814 5,800 207,614 274,855 274,855 ACTUAL AMOUNTS $ $ $ 185 $ (274,855) (274,855) 274,855 217,476 57,379 274,855 217,476 57,379 Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance (deficit) – ending VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ (217,476) (217,476) (217,476) (217,476) (217,476) $ (217,476) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Old Courthouse Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Current: General government Total expenditures 10,000 10,000 $ 10,000 10,000 10,000 10,000 ACTUAL AMOUNTS $ 10,000 10,000 Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 8,714 8,714 186 $ 8,714 8,714 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 127 127 $ (9,873) (9,873) 8,748 8,748 1,252 1,252 (8,621) (8,621) (8,621) 8,680 59 (8,621) (34) (8,655) $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Palo Verde Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 243,824 243,824 243,824 261,424 25,000 286,424 271,424 15,000 286,424 265,496 10,175 275,671 5,928 4,825 10,753 (42,600) (42,600) (28,423) 14,177 (42,600) 142,034 99,434 (42,600) 142,034 99,434 (28,423) 195,540 167,117 14,177 53,506 67,683 $ 243,824 ACTUAL AMOUNTS 243,824 3,424 247,248 187 $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ $ 3,424 3,424 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Parks and Recreation Grants Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Culture and recreation Capital outlay Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 168,470 5,500 173,970 $ 168,470 5,500 173,970 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 39,491 1,224 40,715 $ (128,979) (4,276) (133,255) 353,470 35,000 388,470 353,470 35,000 388,470 160,550 160,550 192,920 35,000 227,920 (214,500) (214,500) (119,835) 94,665 (214,500) 214,500 (214,500) 214,500 (119,835) 140,143 20,308 94,665 (74,357) 20,308 $ $ 188 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Parks Donations Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Current: Culture and recreation Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 372,000 372,000 $ 372,000 372,000 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 512,090 512,090 $ 140,090 140,090 236,253 236,253 216,253 216,253 24,248 24,248 192,005 192,005 135,747 155,747 487,842 332,095 135,747 741,865 877,612 155,747 741,865 897,612 487,842 806,589 1,294,431 332,095 64,724 396,819 189 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Parks Enhancement Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Culture and recreation Capital outlay Total expenditures $ 2,231,882 35,000 2,266,882 Deficiency of revenues under expenditures $ 190 $ 2,143,977 110,999 2,254,976 $ 130,342 29,520 29,520 $ (28,135) 1,696,406 1,668,271 (35,000) 257,024 (103,588) 118,436 11,709 197 11,906 (57,655) 25,000 25,000 (162,997) 1,452,560 1,289,563 $ 1,593,724 603,597 2,197,321 (187,997) 17,000 17,000 (170,997) 1,452,560 1,281,563 35,000 1,336,700 707,185 2,078,885 ACTUAL AMOUNTS 2,155,686 111,196 2,266,882 (187,997) OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending 35,000 1,336,800 707,085 2,078,885 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 4,520 4,520 $ 134,862 243,846 378,708 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Parks Lake Pleasant Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Culture and recreation Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ 35,000 1,240,000 $ 35,000 1,240,000 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 207,000 1,482,000 207,000 1,482,000 211,710 1,233,797 1,200 66,775 1,513,482 1,446,264 318,320 1,764,584 1,446,264 318,320 1,764,584 1,265,850 209,800 1,475,650 180,414 108,520 288,934 320,416 (282,584) (282,584) 37,832 (60,366) (60,366) (60,366) (60,366) (60,366) (60,366) (342,950) 1,568,112 1,225,162 (342,950) 1,568,112 1,225,162 (22,534) 1,509,294 1,486,760 191 $ $ $ $ 176,710 (6,203) 1,200 (140,225) 31,482 320,416 (58,818) 261,598 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Parks Souvenir Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Current: Culture and recreation Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ 52,000 52,000 $ 80,000 80,000 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 79,528 79,528 $ (472) (472) 35,000 35,000 55,000 55,000 50,009 50,009 4,991 4,991 17,000 25,000 29,519 4,519 (17,000) (17,000) (25,000) (25,000) (29,520) (29,520) (4,520) (4,520) 24,086 24,086 24,086 24,086 (1) 24,999 24,998 (1) 913 912 192 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Parks Spur Cross Ranch Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Culture and recreation Capital outlay Total expenditures $ 279,792 137,922 417,714 Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 400,000 8,000 2,500 410,500 $ 400,000 8,000 2,500 410,500 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 279,792 137,922 417,714 420,000 27,249 3,749 450,998 $ 20,000 19,249 1,249 40,498 218,963 155,321 374,284 60,829 (17,399) 43,430 (7,214) (7,214) 76,714 83,928 (7,214) 172,490 165,276 (7,214) 172,490 165,276 76,714 177,095 253,809 83,928 4,605 88,533 193 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Planning and Development Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Licenses and permits Charges for services Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures $ 7,811,760 Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending 8,009,000 2,072,000 3,000 419,000 10,503,000 ACTUAL AMOUNTS $ 8,655,510 3,135,319 675 175,105 11,966,609 $ 646,510 1,063,319 (2,325) (243,895) 1,463,609 7,811,760 9,883,970 220,866 10,104,836 8,500,164 209,131 8,709,295 1,383,806 11,735 1,395,541 2,691,240 398,164 3,257,314 2,859,150 (20,574) (20,574) 233,538 233,538 (254,112) (254,112) $ 8,009,000 2,072,000 3,000 419,000 10,503,000 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 2,437,128 13,154,538 15,591,666 194 (254,112) (254,112) $ 144,052 13,154,538 13,298,590 $ 3,236,740 12,753,336 15,990,076 $ 3,092,688 (401,202) 2,691,486 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Planning Project Fees Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Licenses and permits Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 175,000 175,000 175,000 144,975 144,975 144,975 144,975 116,782 116,782 28,193 28,193 30,025 30,025 164,387 134,362 30,025 308,513 338,538 30,025 308,513 338,538 164,387 433,030 597,417 134,362 124,517 258,879 $ 175,000 ACTUAL AMOUNTS 276,325 4,844 281,169 195 $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ $ $ 101,325 4,844 106,169 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Probate Programs Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 386,918 1,658 388,576 $ 388,576 388,576 386,918 1,658 388,576 ACTUAL AMOUNTS $ 388,576 388,576 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 34,197 34,197 196 $ 34,197 34,197 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 384,432 1,579 386,011 $ (2,486) (79) (2,565) 376,742 376,742 11,834 11,834 9,269 9,269 9,269 115,951 125,220 9,269 81,754 91,023 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Public Defender Fill the Gap Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures 362,788 542,000 904,788 $ 904,788 904,788 $ $ 197 ACTUAL AMOUNTS $ 1,053,162 111,626 1,164,788 Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance (deficit) – ending 362,788 602,000 964,788 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 369,537 636,309 1,005,846 $ 994,283 58,879 111,626 170,505 (200,000) 11,563 211,563 (200,000) 11,563 212,879 224,442 211,563 212,879 424,442 (200,000) 994,283 6,749 34,309 41,058 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Public Defender Grants Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Total revenues $ EXPENDITURES Current: Public safety Total expenditures 397,974 397,974 $ 397,974 397,974 397,974 397,974 ACTUAL AMOUNTS $ 397,974 397,974 Excess of revenues over expenditures Net change in fund balances Fund balance (deficit) – beginning Fund balance – ending $ $ 198 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 493,223 493,223 $ 95,249 95,249 373,650 373,650 24,324 24,324 119,573 119,573 119,573 (119,573) 119,573 (119,573) $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Public Defender Training Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 368,224 9,000 377,224 $ 377,224 377,224 368,224 9,000 377,224 ACTUAL AMOUNTS $ 377,224 377,224 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 20,812 20,812 199 $ 20,812 20,812 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 415,487 6,817 422,304 $ 47,263 (2,183) 45,080 361,033 361,033 16,191 16,191 61,271 61,271 61,271 45,495 106,766 61,271 24,683 85,954 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Public Health Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance (deficit) – beginning Increase in reserve for inventories Fund balance (deficit) – ending 44,757,257 66,000 2,000 44,825,257 $ 44,653,532 66,000 2,000 44,721,532 ACTUAL AMOUNTS $ 39,795,142 45,114 1,128 39,841,384 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ (4,858,390) (20,886) (872) (4,880,148) 43,460,437 115,000 43,575,437 43,356,712 115,000 43,471,712 41,312,977 179,919 41,492,896 2,043,735 (64,919) 1,978,816 1,249,820 1,249,820 (1,651,512) (2,901,332) (1,249,820) (1,249,820) (1,249,820) (1,249,820) $ $ 200 1,249,820 1,249,820 $ (1,651,512) (816,123) 44,628 (2,423,007) $ (1,651,512) (816,123) 44,628 (2,423,007) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Public Health Pharmacy Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources (uses) Net change in fund balances Fund balance – beginning Decrease in reserve for inventories Fund balance – ending $ $ ACTUAL AMOUNTS $ 3,364,885 3,364,885 3,364,885 3,364,885 3,525,127 3,525,127 3,525,127 3,525,127 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 300 3,826,354 19,006 3,845,660 $ 3,618,189 27,214 3,645,403 300 461,469 19,006 480,775 (93,062) (27,214) (120,276) (160,242) (160,242) 200,257 360,499 45,000 (164,238) (119,238) 45,000 (164,238) (119,238) 49,213 4,213 164,238 168,451 (279,480) 1,311,324 (279,480) 1,311,324 1,031,844 201 $ 1,031,844 49,213 $ 249,470 1,229,202 (22,568) 1,456,104 $ 528,950 (82,122) (22,568) 424,260 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Recorder’s Surcharge Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: General government Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 4,608,000 125,000 4,733,000 $ 4,608,000 125,000 4,733,000 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 6,596,320 62,179 6,658,499 $ 1,988,320 (62,821) 1,925,499 3,734,146 670,000 4,404,146 3,734,146 670,000 4,404,146 2,763,950 1,466,995 4,230,945 328,854 328,854 2,427,554 2,098,700 328,854 4,232,701 4,561,555 328,854 4,232,701 4,561,555 2,427,554 5,760,809 8,188,363 2,098,700 1,528,108 3,626,808 202 $ $ 970,196 (796,995) 173,201 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Research and Reporting Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Current: General government Total expenditures 440,000 440,000 $ 440,000 440,000 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 366,001 366,001 $ (73,999) (73,999) 406,875 406,875 406,875 406,875 415,476 415,476 (8,601) (8,601) 33,125 33,125 (49,475) (82,600) OTHER FINANCING USES Transfers out Total other financing uses (33,125) (33,125) (33,125) (33,125) Net change in fund balances Fund balance – beginning Fund balance – ending 144,201 144,201 144,201 144,201 Excess (deficiency) of revenues over expenditures $ 203 $ (521) (521) $ (49,996) 123,341 73,345 32,604 32,604 $ (49,996) (20,860) (70,856) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual RICO Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Fines and forfeits Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures 1,300,000 1,300,000 $ 1,000,000 300,000 1,300,000 1,300,000 1,300,000 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 1,000,000 300,000 1,300,000 560,238 560,238 $ 542,261 17,977 560,238 457,739 282,023 739,762 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ $ 204 $ (739,762) (739,762) $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Sheriff Donations Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 16,400 16,400 $ 16,400 16,400 16,400 16,400 ACTUAL AMOUNTS $ 16,400 16,400 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 21,742 21,742 205 $ 21,742 21,742 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 9,518 9,518 $ (6,882) (6,882) 3,346 3,346 13,054 13,054 6,172 6,172 6,172 22,548 28,720 6,172 806 6,978 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Sheriff Grants Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures 5,454,116 $ 5,496,972 377,226 ACTUAL AMOUNTS $ 5,454,116 5,874,198 5,559,798 533,119 5,640 6,098,557 4,825,381 628,735 5,454,116 4,933,584 940,614 5,874,198 4,620,384 1,234,416 5,854,800 Excess of revenues over expenditures Net change in fund balances Fund balance (deficit) – beginning Fund balance (deficit) – ending $ $ 206 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ 62,826 155,893 5,640 224,359 313,200 (293,802) 19,398 243,757 243,757 243,757 (615,691) (371,934) 243,757 (615,691) (371,934) $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Sheriff Inmate Health Services Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures 48,865 1,975 50,840 $ 50,840 98,865 1,975 100,840 ACTUAL AMOUNTS $ 80,840 20,000 100,840 50,840 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 30,300 30,300 207 $ 30,300 30,300 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 112,599 1,051 113,650 $ 13,734 (924) 12,810 42,609 20,905 63,514 38,231 (905) 37,326 50,136 50,136 50,136 26,801 76,937 50,136 (3,499) 46,637 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Sheriff Special Funding Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures $ 9,141,758 665,000 9,806,758 Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 9,141,758 9,141,758 $ 9,141,758 9,141,758 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 9,141,758 665,000 9,806,758 11,039,493 11,039,493 $ 1,897,735 1,897,735 7,498,249 32,175 7,530,424 1,643,509 632,825 2,276,334 (665,000) (665,000) 3,509,069 4,174,069 (665,000) 3,477,082 2,812,082 (665,000) 3,477,082 2,812,082 3,509,069 3,879,400 7,388,469 4,174,069 402,318 4,576,387 208 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Stadium District Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Current: Culture and recreation Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending $ 80,000 80,000 $ 80,000 80,000 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 23,151 23,151 $ (56,849) (56,849) 94,568 94,568 94,568 94,568 27,006 27,006 67,562 67,562 (14,568) (14,568) (3,855) 10,713 110,000 (14,803) 95,197 110,000 (14,803) 95,197 80,629 2,401,425 2,482,054 209 $ 80,629 2,401,425 2,482,054 200,000 90,000 14,803 104,803 200,000 $ 196,145 2,195,208 2,391,353 $ 115,516 (206,217) (90,701) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Superior Court Fill the Gap Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 1,525,690 $ 1,525,690 ACTUAL AMOUNTS $ 1,525,690 1,525,690 1,600,817 5,426 1,606,243 1,525,690 1,525,690 1,525,690 1,525,690 1,400,654 1,400,654 125,036 125,036 205,589 205,589 205,589 69,798 275,387 205,589 (170,512) 35,077 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 240,310 240,310 210 $ 240,310 240,310 $ $ $ 75,127 5,426 80,553 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Superior Court Grants Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures 1,354,122 1,878 1,356,000 $ 1,356,000 1,354,122 1,878 1,356,000 ACTUAL AMOUNTS $ 1,332,500 23,500 1,356,000 1,356,000 Excess of revenues over expenditures Net change in fund balances Fund balance (deficit) – beginning Fund balance (deficit) – ending $ $ 211 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 1,251,362 450 1,251,812 $ (102,760) (1,428) (104,188) 1,188,576 20,803 1,209,379 143,924 2,697 146,621 42,433 42,433 42,433 (59,472) (17,039) 42,433 (59,472) (17,039) $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Superior Court Judicial Enhancement Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ $ ACTUAL AMOUNTS $ 1,042,108 17,268 1,059,376 1,042,108 17,268 1,059,376 1,601,380 1,601,380 1,601,380 1,601,380 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 250,000 855,601 17,512 1,123,113 $ 250,000 (186,507) 244 63,737 867,053 92,958 960,011 734,327 (92,958) 641,369 (542,004) (542,004) 163,102 705,106 (542,004) 1,037,268 495,264 (542,004) 1,037,268 495,264 163,102 1,279,624 1,442,726 705,106 242,356 947,462 212 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Superior Court Special Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 1,093,990 3,802,000 1,500 4,897,490 $ 1,093,990 3,802,000 1,500 4,897,490 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 1,186,366 2,561,521 865 3,748,752 $ 92,376 (1,240,479) (635) (1,148,738) 3,206,996 3,206,996 3,206,996 3,206,996 3,225,954 3,225,954 (18,958) (18,958) 1,690,494 1,690,494 522,798 (1,167,696) 1,690,494 1,070,741 2,761,235 1,690,494 1,070,741 2,761,235 522,798 1,316,257 1,839,055 (1,167,696) 245,516 (922,180) 213 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Transportation Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Licenses and permits Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Highways and streets Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Decrease in reserve for inventory of supplies Fund balance – ending $ 1,400,000 93,893,380 790,000 96,083,380 $ 1,700,000 93,593,380 790,000 96,083,380 VARIANCE WITH FINAL BUDGET POSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 1,719,370 94,625,142 881,402 97,225,914 $ 19,370 1,031,762 91,402 1,142,534 44,107,582 2,173,835 46,281,417 43,982,823 2,298,594 46,281,417 41,533,485 2,272,852 43,806,337 2,449,338 25,742 2,475,080 49,801,963 49,801,963 53,419,577 3,617,614 (59,006,719) (59,006,719) (59,006,719) (59,006,719) (57,171,064) (57,171,064) 1,835,655 1,835,655 (9,204,756) 27,085,695 (9,204,756) 27,085,695 (3,751,487) 29,789,730 (26,338) 26,011,905 5,453,269 2,704,035 (26,338) 8,130,966 17,880,939 214 $ 17,880,939 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Transportation Grants Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Total revenues $ EXPENDITURES Current: Highways and streets Total expenditures 350,000 350,000 $ 350,000 350,000 350,000 350,000 ACTUAL AMOUNTS $ 350,000 350,000 Excess of revenues over expenditures Net change in fund balances Fund balance (deficit) – beginning Fund balance – ending $ $ 215 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 147,691 147,691 $ (202,309) (202,309) 15,836 15,836 334,164 334,164 131,855 131,855 131,855 (131,855) 131,855 (131,855) $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Victim Location Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 16,161 16,161 $ 16,161 16,161 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 3,321 3,321 $ (12,840) (12,840) 35,401 35,401 35,401 35,401 (19,240) (19,240) 3,321 22,561 (19,240) 68,530 49,290 (19,240) 68,530 49,290 3,321 84,661 87,982 22,561 16,131 38,692 216 $ 35,401 35,401 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Waste Tire Program Fund - Special Revenue Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ 3,300,000 135,232 3,435,232 $ 3,300,000 135,232 3,435,232 ACTUAL AMOUNTS $ 4,066,015 230,808 4,296,823 3,084,015 205,100 3,289,115 3,084,015 205,100 3,289,115 3,091,933 183,878 3,275,811 146,117 146,117 1,021,012 (146,117) (146,117) (146,117) (146,117) 5,278,775 5,278,775 217 $ 5,278,775 5,278,775 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ (7,918) 21,222 13,304 874,895 (123,116) (123,116) $ 897,896 4,491,844 5,389,740 766,015 95,576 861,591 23,001 23,001 $ 897,896 (786,931) 110,965 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual General Obligation Fund - Debt Service Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Taxes Miscellaneous Total revenues $ EXPENDITURES Debt service Principal Interest Total expenditures $ 20,165,000 806,600 20,971,600 Excess (deficiency) of revenues over expenditures 1,579,369 OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources Net change in fund balances Fund balance – beginning Fund balance (deficit) – ending 22,338,563 212,406 22,550,969 $ (322,899) (46,189) (369,088) (1,537,518) (369,088) 847,711 (32,539) 815,172 (32,539) (32,539) 847,711 (320,719) $ 19,267,865 166,217 19,434,082 (1,168,430) 847,711 218 $ 20,165,000 806,600 20,971,600 847,711 2,427,080 ACTUAL AMOUNTS 20,165,000 806,600 20,971,600 847,711 2,427,080 $ 19,590,764 212,406 19,803,170 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) (320,719) (722,346) 722,346 $ $ (401,627) 722,346 320,719 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Lease Revenue Fund - Debt Service Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Debt service Principal Interest Other expenditures Total expenditures 2,446,393 2,446,393 $ 8,920,479 Deficiency of revenues under expenditures 7,964,290 7,964,290 ACTUAL AMOUNTS $ 11,448,564 2,989,812 $ 1,004,088 1,004,088 $ (6,960,202) (6,960,202) 8,920,479 14,438,376 11,448,564 4,570,412 260,371 16,279,347 (6,474,086) (6,474,086) (15,275,259) (8,801,173) 5,226,039 12,353,671 457,156 (12,353,671) 5,683,195 5,226,039 12,353,671 457,156 (12,353,671) 5,683,195 (9,592,064) 94,597,749 85,005,685 (3,117,978) (2,122,894) (5,240,872) OTHER FINANCING SOURCES (USES) Transfers in Proceeds from bond issuance Bond premium Payment to escrow agent Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) (6,474,086) 96,720,643 90,246,557 219 $ (6,474,086) 96,720,643 90,246,557 $ $ (1,580,600) (260,371) (1,840,971) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Stadium District Fund - Debt Service Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Taxes Miscellaneous Total revenues $ EXPENDITURES Debt service: Principal Interest Other expenditures Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ 5,500,800 200,000 5,700,800 $ 5,500,800 200,000 5,700,800 2,000,000 3,015,094 2,000,000 3,015,094 5,015,094 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 5,556,717 416,091 5,972,808 $ 55,917 216,091 272,008 5,015,094 2,000,000 2,912,094 6,386 4,918,480 103,000 (6,386) 96,614 685,706 685,706 1,054,328 368,622 (110,000) (110,000) (110,000) (110,000) 575,706 8,434,982 9,010,688 220 $ 575,706 8,434,982 9,010,688 (200,000) (200,000) $ 854,328 8,658,371 9,512,699 (90,000) (90,000) $ 278,622 223,389 502,011 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Bank One Ballpark Project Reserve Fund - Capital Projects Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ ACTUAL AMOUNTS 110,000 110,000 110,000 110,000 84,018 356,747 440,765 3,000 3,000 3,000 3,000 2,500 2,500 500 500 107,000 107,000 438,265 331,265 OTHER FINANCING SOURCES Transfers in Total other financing sources 1,484,274 1,484,274 984,274 984,274 803,599 803,599 (180,675) (180,675) Net change in fund balances Fund balance – beginning Fund balance – ending 1,591,274 7,776,317 9,367,591 1,091,274 7,776,317 8,867,591 1,241,864 8,104,835 9,346,699 EXPENDITURES Capital outlay Total expenditures Excess of revenues over expenditures $ $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 221 $ $ $ $ $ 84,018 246,747 330,765 150,590 328,518 479,108 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual County Improvement Fund - Capital Projects Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Capital outlay Total expenditures Deficiency of revenues under expenditures 500,590 500,590 $ 500,590 500,590 ACTUAL AMOUNTS $ $ 2,845,958 2,845,958 $ 2,345,368 2,345,368 22,029,606 22,029,606 22,029,606 22,029,606 5,977,182 5,977,182 16,052,424 16,052,424 (21,529,016) (21,529,016) (3,131,224) 18,397,792 3,184,532 3,184,532 3,184,532 3,184,532 53,308 49,085,349 49,138,657 21,582,324 4,168,058 25,750,382 OTHER FINANCING SOURCES Proceeds from bond issuance Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) (21,529,016) 44,917,291 23,388,275 222 $ (21,529,016) 44,917,291 23,388,275 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Flood Control Capital Projects Fund - Capital Projects Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL EXPENDITURES Capital outlay Total expenditures $ Deficiency of revenues under expenditures OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending 54,000,000 54,000,000 $ 52,644,000 52,644,000 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 47,741,781 47,741,781 (54,000,000) (52,644,000) (47,741,781) 54,000,000 54,000,000 52,644,000 52,644,000 52,644,000 52,644,000 4,284,500 4,284,500 4,284,500 4,284,500 $ 4,902,219 4,902,219 $ 223 $ $ 4,902,219 4,902,219 4,902,219 $ 4,902,219 (4,284,500) 617,719 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual General Fund County Improvement Fund - Capital Projects Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Capital outlay Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending 406,270 406,270 $ ACTUAL AMOUNTS $ 426,072 426,072 $ 19,802 19,802 23,851,077 23,851,077 25,351,077 25,351,077 5,611,942 5,611,942 19,739,135 19,739,135 (23,444,807) (24,944,807) (5,185,870) 19,758,937 7,532,477 7,532,477 $ 406,270 406,270 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) (15,912,330) 35,300,000 19,387,670 224 $ 9,032,477 9,032,477 9,032,477 9,032,477 (15,912,330) 35,300,000 19,387,670 3,846,607 35,232,113 39,078,720 $ $ 19,758,937 (67,887) 19,691,050 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Intergovernmental Capital Projects Fund - Capital Projects Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Capital outlay Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance (deficit) – ending $ 102,343 102,343 $ 102,343 102,343 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 5,294,741 5,294,741 $ 5,192,398 5,192,398 20,900,213 20,900,213 21,976,277 21,976,277 15,932,143 15,932,143 6,044,134 6,044,134 (20,797,870) (21,873,934) (10,637,402) 11,236,532 (20,797,870) 21,374,678 576,808 (21,873,934) 21,374,678 (499,256) (10,637,402) 17,764,515 7,127,113 11,236,532 (3,610,163) 7,626,369 225 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Jail Construction Fund - Capital Projects Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Capital outlay Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance (deficit) – beginning Fund balance (deficit) – ending $ $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 45 45 $ 45 45 121,068,464 121,068,464 128,313,700 128,313,700 77,841,952 77,841,952 50,471,748 50,471,748 (121,068,464) (128,313,700) (77,841,907) 50,471,793 48,585,819 48,585,819 48,585,819 48,585,819 48,585,819 48,585,819 (72,482,645) (587,190) (73,069,835) (79,727,881) (587,190) (80,315,071) (29,256,088) 10,026,627 (19,229,461) 226 $ $ $ 50,471,793 10,613,817 61,085,610 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Major League Stadium Fund - Capital Projects Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Capital outlay Total expenditures 404,135 404,135 $ 404,135 404,135 404,135 404,135 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 404,135 404,135 351,435 351,435 $ 351,435 351,435 (52,700) (52,700) 52,700 52,700 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 1,969 1,969 227 $ 1,969 1,969 $ $ (1,969) (1,969) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Transportation Capital Projects Fund - Capital Projects Fund For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Capital outlay Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending $ 20,806,267 ACTUAL AMOUNTS 20,806,267 18,551,267 2,255,000 20,806,267 77,457,228 77,457,228 77,457,228 77,457,228 51,881,834 51,881,834 25,575,394 25,575,394 (56,650,961) (56,650,961) (38,902,987) 17,747,974 57,000,000 57,000,000 57,000,000 57,000,000 57,000,000 57,000,000 349,039 7,513,699 7,862,738 349,039 7,513,699 7,862,738 18,097,013 228 $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ $ 9,384,689 3,594,158 12,978,847 18,097,013 $ $ (9,166,578) 1,339,158 (7,827,420) 17,747,974 (7,513,699) 10,234,275 Maricopa County Schedule of Capital Projects - Budget and Actual All Capital Improvement Projects For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL ACTUAL AMOUNTS VARIANCE WITH FINAL BUDGET GENERAL GOVERNMENT County Improvement Downtown Property Development / Acquisition New Admin Services Bldg New Admin Services Parking Public Health Clinic Total County Improvement Other County Improvement Human Services Campus Total Other County Improvement Intergovernmental Capital Projects Buckeye Hills Shooting Range Elections Facility Environmental Services Bldg Human Services Campus Non-Project Northeast Regional Center Sheriff Property & Evidence Warehouse Sheriff's Training Facility West Regional Center Total Intergovernmental Capital Projects General Fund County Improvement Downtown Consolidated Justice Courts Downtown Property Development / Acquisition Justice Courts New Admin Services Building Non-Project Northeast Regional Center NW Consolidated Justice Courts San Tan Mountain Park Improvement Security Building Star Call Center – R&R Buildout Total General Fund County Improvement $ $ $ 8,447,225 2,382,381 1,000,000 10,200,000 22,029,606 $ $ $ $ $ $ $ $ 8,447,225 2,382,381 1,000,000 10,200,000 22,029,606 0 0 $ $ 1,610,000 2,950,000 1,800,000 4,231,488 502,544 2,000,000 5,806,547 666,301 1,333,333 20,900,213 $ $ 0 8,972,775 1,000,000 853,898 380,404 6,000,000 1,500,000 0 3,733,000 1,411,000 23,851,077 $ 43,897,108 2,000,000 3,000,000 19,188,000 41,496,398 1,063,507 5,643,792 2,136,391 118,425,196 $ $ $ $ 218,026 1,755,059 73,257 2,863,543 4,909,885 $ 8,229,199 627,322 926,743 7,336,457 17,119,721 0 0 $ $ 1,067,297 1,067,297 $ $ (1,067,297) (1,067,297) 1,610,000 2,950,000 1,800,000 4,402,098 502,544 2,000,000 6,558,212 820,090 1,333,333 21,976,277 $ 0 2,947,727 483,726 2,073,808 0 2,000,000 6,273,459 820,090 1,333,333 15,932,143 $ 1,610,000 2,273 1,316,274 2,328,290 502,544 0 284,753 0 0 6,044,134 500,000 8,972,775 250,000 853,898 80,404 8,250,000 800,000 500,000 3,733,000 1,411,000 25,351,077 $ $ $ 12 832,908 35,254 243,188 0 2,370,848 320,762 56,203 428,401 1,324,366 5,611,942 $ $ $ 499,988 8,139,867 214,746 610,710 80,404 5,879,152 479,238 443,797 3,304,599 86,634 19,739,135 24,945,071 $ 1,343,685 2,643,824 12,923,073 30,127,997 0 5,787,068 71,234 77,841,952 $ 20,022,679 656,315 679,776 6,759,346 18,868,244 1,063,507 356,724 2,065,157 50,471,748 CRIMINAL JUSTICE FACILITES 4th Avenue Jail FMD Maintenance Facility Juvenile Mesa Juvenile Durango Lower Buckeye Jail Reserve Sheriff's Training Facility Southeast Courtroom Buildout Total Criminal Justice Facilities $ $ 229 $ 44,967,750 $ 2,000,000 3,323,600 19,682,419 48,996,241 1,063,507 6,143,792 2,136,391 128,313,700 $ Maricopa County Schedule of Capital Projects - Budget and Actual All Capital Improvement Projects (Continued) For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL ACTUAL AMOUNTS VARIANCE WITH FINAL BUDGET PUBLIC SAFETY ACDC ADMP Adobe Dam ADMP Alma School Drain Arlington Valley Buckeye/Sun Valley ADMP Cave Buttes Dam City of Chandler City of Scottsdale Dam Safety Project Durango ADMP East Maricopa Floodway East Mesa ADMP Glendale/Peoria ADMP Higley ADMP Maryvale ADMP McMicken Dam Metro ADMP New River Dam Paradise Valley, Scottsdale, Phoenix Project Reserve Queen Creek ADMP S Phoenix Drainage Improvement Salt/Gila River Planning Skunk Creek Skunk Creek/New River Spook Hill ADMP Town of Guadalupe White Tanks ADMP Total Public Safety $ $ 4,732,000 50,000 0 1,255,000 0 0 1,574,000 25,000 958,000 3,305,000 688,000 6,636,000 40,000 140,000 10,638,000 1,525,000 475,000 115,000 285,000 3,297,000 2,025,000 11,320,000 25,000 965,000 975,000 35,000 0 2,917,000 54,000,000 $ 1,781,855 2,000 0 1,000 505,000 5,000 729,500 5,000 215,000 135,000 2,000 5,000 5,000 0 1,195,000 1,000 5,000 5,000 95,000 1,010,000 45,000 $ $ 5,177,000 80,000 100,000 1,285,000 0 15,000 1,079,000 25,000 758,000 4,065,000 5,693,000 3,491,000 265,000 20,000 9,158,000 755,000 270,000 105,000 95,000 301,000 1,810,000 9,535,000 25,000 900,000 595,000 2,250,000 45,000 4,747,000 52,644,000 $ $ 5,144,999 134,459 95,053 1,120,877 3,880 6,962 985,470 1,813 657,426 2,360,317 5,569,789 3,524,563 147,091 7,573 8,682,449 747,321 126,044 15,121 159,801 0 1,526,585 8,775,947 13,814 1,177,428 464,378 2,180,902 43,537 4,068,182 47,741,781 $ $ 32,001 (54,459) 4,947 164,123 (3,880) 8,038 93,530 23,187 100,574 1,704,683 123,211 (33,563) 117,909 12,427 475,551 7,679 143,956 89,879 (64,801) 301,000 283,415 759,053 11,186 (277,428) 130,622 69,098 1,463 678,818 4,902,219 HIGHWAYS AND STREETS 107th Ave Rose Garden to Jomax 115th Ave: MC 85 to McDowell 27th Ave: Twin Peaks to New River 51st Ave: Broadway to Baseline 51st Ave: S/Elliott – Dobbins 67th Ave: Pinnacle Peak – Happy Valley 75th Ave: MC 85 to Van Buren 83rd Ave: Northern to Olive 87th Ave Channel: Deer Valley Dr to Williams Rd 99th Ave at Beardsley Signal 99th Ave: McDowell to Glendale Alma School Rd, North Bridge Grade Control Str Alma School Rd: McLellan to McKellips Alma School Rd: @ Champagne / Halley AzTech Smart Corridors Bartlett Lake Rd; Cave Creek to Horseshoe Baseline Rd: 51st - 43rd Ave Baseline Rd: 7th Ave to 43rd Ave Bell Road @ RH Johnson Bell Road: SR 303 – L101 ITS Improvement Biological Assessment Services $ 230 121,855 2,000 0 41,000 505,000 5,000 729,500 5,000 215,000 195,000 72,000 125,000 405,000 220,000 2,295,000 1,000 5,000 25,000 95,000 260,000 45,000 $ 17,210 2,171 (1,454) 27,238 106,147 0 130,684 1,976 5,174 175,196 3,959 3,135 21,912 8,033 2,061,676 (82,162) 0 23,511 39,633 150,072 0 $ 104,645 (171) 1,454 13,762 398,853 5,000 598,816 3,024 209,826 19,804 68,041 121,865 383,088 211,967 233,324 83,162 5,000 1,489 55,367 109,928 45,000 Maricopa County Schedule of Capital Projects - Budget and Actual All Capital Improvement Projects (Continued) For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL Brown Rd: Ellsworth to Crismon Bush Highway II Bush Hwy: Usery – Stewart Mountain Candidate Assessment Reports Carefree Hwy: 7th Ave – Cave Creek Cave Creek Lone Mtn to Carefree Hwy Chandler Blvd: West of Gilbert Rd Chandler Heights, Road Bridge over the Eastern Canal Chandler Hts Rd @ Sanoki Wash Contract Overlay FY 04 Deer Valley Rd: 83rd – 91st Ave Deer Valley Rd Bridge @ New River Dysart Rd – Cactus – Greenway El Mirage: Beardsley to Loop 303 El Mirage: Bell to Beardsley Elliot Rd Val Vista to Greenfield Ellsworth Germann to Baseline Ellsworth: University to McLellan Estrella Interim Loop 303 (II) Estrella Pkwy: Yuma to McDowell Estrella Rdwy and Grade Separation GDACS: Geodetic Densification & Cadastral Surveys Gen Civil Eng Annual On-Call Contract Gilbert Rd: McDowell to SR 87 Gilbert Rd: Pecos to Williams Field Gilbert Rd: Warner to Water Tank Gilbert Rd: Williams Field to Ray (IGA w/ Gilbert) Jackrabbit Tr: Yuma to Thomas Laveen Area Conveyance Channel Loop 303: Bethany Home – Glendale Loop 303: Cactus – Wadell Loop 303 Camelback – Bethany Home Loop 303 Greenway Road to Bell Loop 303: Indian School to Camelback Loop 303: Waddell – Greenway Lindsay Rd: William Field to Ray Loop 303: Indian School - Clearview Loop 303: Intersection Improvements Loop 303: McDowell ¾ Miles North of Thomas MC 85: 107th Ave – 91st Ave MC 85: 91st Ave – 75th Ave MC 85 @ Avondale Wash MC 85: Airport to Jackrabbit Tr MC 85: Cotton Lane to Estrella Pkwy MC 85: El Mirage to 115th Ave MC 85: Estrella Pkwy to Litchfield MC 85: Agua Fria / Bridge Scour MC 85: Jackrabbit – Perryville MC 85: Perryville – Cotton Ln McDowell Rd: Shoulders Widening McDowell Rd: Pima Fwy to Alma School McKellips Rd Bridge @ Salt River McNeil: 35th – 31st Ave McQueen Rd: Queen Ck to Pecos Meridian Rd: Hunt / Baseline CS Non Project $ 55,000 719,000 1,000 300,000 0 1,000 0 1,000 20,000 0 80,000 0 5,000 1,010,000 3,035,000 680,000 11,811,000 1,408,000 8,645,873 7,000 0 2,176,000 150,000 5,701,000 10,000 5,000 305,000 200,000 500,000 1,000 1,000 1,000 1,000 1,000 1,000 2,000 755,000 1,000,000 5,000 42,000 240,000 5,000 85,000 1,000 40,000 5,000 155,000 1,000 1,000 30,000 5,371,000 1,000 5,000 1,533,000 260,000 1,110,941 231 $ 135,000 719,000 1,000 300,000 2,600,000 11,000 0 101,000 20,000 935,000 80,000 0 5,000 75,000 385,000 0 2,941,000 1,408,000 11,595,873 97,000 0 1,606,000 150,000 5,701,000 10,000 5,000 5,000 380,000 0 1,000 1,000 1,000 1,000 1,000 1,000 2,000 1,355,000 1,000,000 5,000 202,000 280,000 15,000 85,000 621,000 60,000 375,000 1,955,000 1,000 1,000 50,000 7,021,000 1,000 5,000 2,733,000 276,724 0 ACTUAL AMOUNTS $ 101,100 565,767 516 241,696 1,637,645 5,832 161 88,169 19,963 13,841 6,308 55 3,350 9,199 15,409 0 2,310,662 246,864 11,969,677 86,100 1,316 1,223,095 22,592 2,122,116 0 0 0 189,690 0 0 0 0 0 0 0 0 992,876 912,134 5,556 183,020 127,370 14,616 0 342,236 48,765 92,538 1,759,221 0 0 41,182 6,424,624 0 0 2,393,811 235,925 0 VARIANCE WITH FINAL BUDGET $ 33,900 153,233 484 58,304 962,355 5,168 (161) 12,831 37 921,159 73,692 (55) 1,650 65,801 369,591 0 630,338 1,161,136 (373,804) 10,900 (1,316) 382,905 127,408 3,578,884 10,000 5,000 5,000 190,310 0 1,000 1,000 1,000 1,000 1,000 1,000 2,000 362,124 87,866 (556) 18,980 152,630 384 85,000 278,764 11,235 282,462 195,779 1,000 1,000 8,818 596,376 1,000 5,000 339,189 40,799 0 Maricopa County Schedule of Capital Projects - Budget and Actual All Capital Improvement Projects (Continued) For the Fiscal Year Ended June 30, 2004 BUDGETED AMOUNTS ORIGINAL FINAL st Northern Ave 95th Ave to 71 Ave Ocotillo: Power / Alma School Ocotillo Rd: Basha to Arizona Ave Old US 80 @ Hassayampa / Scour PM10 Roads (Ph 2) in NE area (grp 3) PM10 Roads (Ph 2) in NW area (grp 1) PM10 Roads (Ph 2) in NW area (grp 2) PM10 Roads (Ph 2) in SE area PM10 Roads (Ph 2) in SW area PM10 Roads (Ph 3) in NE area PM10 Roads (Ph 3) in SE area PM10 Roads Program PM10 Roads (Ph 3) in SW area PM10 Roads (Ph4) in North Valley PM10 Roads (Ph4) in SE Valley PM10 Roads (Ph4) in SW Valley PM10 Roads 12th St, Cir Mtn – TNF PM10 Roads Box Bar & Needle Rock PM10 Roads Carver 51st – 43rd Ave PM10 Roads Cir Mtn 13th Ave – NR th PM10 Roads Saddle Mtn N. Riv – 12 st th PM10 Roads Patrick Ln 81 – 79 Ave Pinnacle Peak: Lake Pleasant – 83rd Ave Power Rd Elliott to Guadalupe Power Rd: Guadalupe to Baseline Power Rd: Pecos – Williams Field Power Rd: Williams Field to Ray Previous Year's Projects; backcharges includes consultant Project Reserve Account Property Management / Prior Year Project Queen Creek Rd Culvert at Eastern Canal Queen Creek Rd: Arizona Ave to McQueen Ray Road Lindsay – Greenfield Ray Road Bullmoose – Dobson Riggs Road I-10 – Price Riggs Road Arizona Avenue – Gilbert Road Rio Salado Loop 303 – 7th Ave R.O.W. In-fill on Road Inventory System Rittenhouse Road at Power Rd Signal Modernization Small Cities Assistance Program Special Projects TAB Sun City Asphalt Reconst FY 04 TIP Development Traffic Signals: Indian School 2 locations Unallocated Force Account Union Hills Dr at 107th Ave Union Hills – Rubber Overlay Union Hills at Gila River / Scour Utility Locating Annual On-Call Contract Val Vista Dr: Ray to Warner Warner Rd Lindsay to Greenfield Warranted Traffic Improvements tba Williams Field @ Higley Williams Field Rd: Gilbert to Lindsay Total Highways and Streets $ $ 10,000 260,000 40,000 155,000 0 0 0 0 0 415,000 1,515,000 275,000 928,000 205,000 205,000 180,000 25,000 907,000 30,000 5,000 20,000 10,000 75,000 0 5,000 125,000 60,000 350,000 2,038,059 130,000 20,000 615,000 2,000 2,000 1,745,000 4,500,000 360,000 3,700,000 335,000 26,000 300,000 1,000,000 0 1,000,000 0 433,000 160,000 0 260,000 50,000 532,000 532,000 650,000 20,000 20,000 77,457,228 232 $ $ 60,000 260,000 40,000 455,000 660,000 1,130,000 1,120,000 0 0 415,000 1,515,000 275,000 928,000 205,000 205,000 180,000 25,000 247,000 30,000 5,000 20,000 10,000 75,000 0 5,000 125,000 371,030 1,000,000 1,269,959 130,000 933,287 615,000 2,000 200,000 1,995,000 4,500,000 360,000 3,700,000 335,000 106,000 300,000 10,000 660,000 1,000,000 172,000 433,000 290,000 0 260,000 50,000 2,000 2,000 8,000 60,000 20,000 77,457,228 ACTUAL AMOUNTS $ $ 44,022 121,709 181 87,575 696,577 1,134,808 373,564 (29,029) (42,015) 6,015 1,136,990 70,815 501,592 12,450 6,789 6,398 20,402 17,094 0 0 19,871 0 78,112 228 819 2,457 317,332 1,023,829 1,110,939 48,708 802,290 100,074 591 198,000 1,999,284 0 15,468 2,992,608 214,865 63,698 300,628 3,639 8,936 588,987 157,656 7,743 290,005 870 174,064 0 0 0 0 43,508 1,580 51,881,834 VARIANCE WITH FINAL BUDGET $ $ 15,978 138,291 39,819 367,425 (36,577) (4,808) 746,436 29,029 42,015 408,985 378,010 204,185 426,408 192,550 198,211 173,602 4,598 229,906 30,000 5,000 129 10,000 (3,112) (228) 4,181 122,543 53,698 (23,829) 159,020 81,292 130,997 514,926 1,409 2,000 (4,284) 4,500,000 344,532 707,392 120,135 42,302 (628) 6,361 651,064 411,013 14,344 425,257 (5) (870) 85,936 50,000 2,000 2,000 8,000 16,492 18,420 25,575,394 Financial Section Combining and Individual Fund Statements Nonmajor Enterprise Funds Maricopa County Nonmajor Enterprise Fund Enterprise Funds are used to account for operations that are financed and operated in a manner similar to private enterprises where the intent of the County is that the costs of providing goods and services to the general public on a continuing basis be financed through user charges. This allows for the evaluation of the fund on the same basis as investor-owned enterprises in the same industry. Solid Waste - Solid Waste assists the cities and towns, businesses, and citizens in continuously improving regional waste management systems. This includes an everincreasing focus on reducing the amount of waste generated, maximizing resource recovery, proper management of special wastes, and environmentally sound disposal. 235 Maricopa County Statement of Net Assets Nonmajor Enterprise Fund June 30, 2004 SOLID WASTE ASSETS Current assets: Cash in bank and on hand Cash and investments held by County Treasurer Receivables: Accrued interest Miscellaneous Total current assets $ 62,592 4,080 15,206,640 Noncurrent assets: Restricted assets: Investments held by trustee Capital assets: Land Buildings and improvements Machinery and equipment Less accumulated depreciation Total noncurrent assets 34,221 1,187,486 63,562 2,477,230 (2,540,792) 1,221,707 Total assets 16,428,347 LIABILITIES Current liabilities: Vouchers payable Employee compensation payable Accrued liabilities Interest payable Advances from other funds Lease revenue bonds payable (current portion) Liability for closure and postclosure costs (current portion) Total current liabilities 8,787 16,086 7,095 1,391 6,083 32,830 314,456 386,728 Noncurrent liabilities: Advances from other funds Lease revenue bonds payable (net of current portion) Liability for postclosure costs (net of current portion) Total noncurrent liabilities 79,083 43,499 10,299,038 10,421,620 Total liabilities NET ASSETS Invested in capital assets, net of related debt Restricted for debt service Unrestricted Total net assets 500 15,139,468 10,808,348 $ 1,025,991 34,221 4,559,787 5,619,999 236 Maricopa County Statement of Revenues, Expenses, and Changes in Fund Net Assets Nonmajor Enterprise Fund For the Fiscal Year Ended June 30, 2004 SOLID WASTE OPERATING REVENUES Charges for services Miscellaneous Total operating revenues $ 209,145 21,244 230,389 OPERATING EXPENSES Personal services Supplies Other services Leases and rentals Utilities Total operating expenses 232,604 11,475 1,082,962 9,100 1,888 1,338,029 Operating loss (1,107,640) NONOPERATING REVENUES (EXPENSES) Investment income Interest expense Gain on disposal of capital assets Total nonoperating revenues (expenses) 156,611 (7,633) 8,796 157,774 Income (loss) before transfers (949,866) Transfers out Change in net assets Total net assets – beginning Total net assets – ending (1,141,640) (2,091,506) $ 7,711,505 5,619,999 237 Maricopa County Statement of Cash Flows Nonmajor Enterprise Fund For the Fiscal Year Ended June 30, 2004 SOLID WASTE CASH FLOWS FROM OPERATING ACTIVITIES Charges for services Other receipts Payments for goods and services Payments for personal services Net cash provided (used) by operating activities $ CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Certificates of participation payments Proceeds from refunding revenue bonds Proceeds from County contributions Proceeds from the sale of capital assets Interest payments on long-term debt Net cash used by capital and related financing activities 209,145 21,244 (564,867) (230,391) (564,869) (163,368) 76,329 85,166 8,796 (6,242) 681 CASH FLOWS FROM INVESTING ACTIVITIES Interest and dividends Net cash provided by investing activities 136,291 136,291 Net increase (decrease) in cash and cash equivalents (427,897) Cash and cash equivalents, July 1, 2003 15,602,086 Cash and cash equivalents, June 30, 2004 RECONCILIATION OF OPERATING LOSS TO NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES Operating loss Adjustments to reconcile operating income to net cash provided (used) by operating activities Net change in liability for postclosure costs - noncurrent Changes in assets and liabilities: Vouchers payable Employee compensation payable Accrued liabilities Miscellaneous Liability for closure and postclosure costs Net cash provided (used) for operating activities SCHEDULE OF NONCASH INVESTING, CAPITAL AND FINANCING ACTIVITIES Accumulated depreciation from disposed capital assets Machinery and equipment disposed Transfer to governmental activities to transfer costs of remedial investigations to the Solid Waste fund Liability for closure and postclosure costs payable (noncurrent) 238 $ 15,174,189 $ (1,107,640) 1,088,399 $ $ 4,594 2,213 (746,759) (136) 194,460 (564,869) 162,116 (162,116) 1,141,640 (1,141,640) Financial Section Combining and Individual Fund Statements Internal Service Funds Maricopa County Listing of Internal Service Funds Internal Service Funds are used to account for services and commodities provided by one department or agency to other departments or agencies of the County. These services are provided on a cost-reimbursement basis. The following is a listing of the Internal Service Funds reported within Maricopa County. Equipment Services - This fund provides assistance to other Maricopa County departments to ensure quality service to the citizens of Maricopa County by furnishing and maintaining the necessary County mobile equipment in an efficient manner. Telecommunications - This fund provides cost effective voice, data, and radio communications to County employees. Reprographics - This fund provides the County’s printing and duplicating services. Risk Management - This fund supports the comprehensive insurance/self-insurance program, which safeguards County assets and employees by means of a Trust Fund. Personnel skilled in loss control, claims and litigation and workers’ compensation work together to avert risk and conserve the human and financial resources of Maricopa County. Employee Benefits Trust - This fund collects employee and employer contributions for payment of the employees’ medical, dental, pharmacy, and short-term disability benefits. Sheriff Warehouse - Sheriff Warehouse tracks inventory activity for supplies purchased by the warehouse for resale and stores consignment inventory for other departments. 241 Maricopa County Combining Statement of Net Assets All Internal Service Funds June 30, 2004 EQUIPMENT SERVICES ASSETS Current assets: Cash in bank and on hand Cash and investments held by County Treasurer Accrued interest Inventories Prepaids Miscellaneous Total current assets $ Noncurrent assets: Capital assets: Buildings Machinery and equipment Less accumulated depreciation Total noncurrent assets 900 TELECOMMUNICATIONS $ 269,840 400 3,567,533 6,688 69,785 1,584 272,324 244 3,644,650 782,356 323,649 4,219,752 (1,771,921) 2,771,480 768,578 (574,933) 193,645 581,559 6,416,130 976,001 510,161 225,020 42 1,418,317 483,352 264,049 12,216 42,877 86,337 18,370 833,738 73,463 1,745,794 (1,436,559) 309,235 Total assets LIABILITIES Current liabilities: Vouchers payable Employee compensation payable Accrued liabilities Due to other funds Leases payable – current portion Liability for reported and incurred but not reported claims - current portion Total current liabilities REPROGRAPHICS 2,153,540 Noncurrent liabilities: Leases payable – (net of current portion) Liability for reported and incurred but not reported claims (net of current portion) Total noncurrent liabilities $ 782,356 242,173 242,173 Total liabilities NET ASSETS Invested in capital assets, net of related debt Unrestricted (deficit) Total net assets $ 242 2,153,540 1,075,911 73,463 309,235 (1,881,216) (1,571,981) 2,442,970 2,897,249 5,340,219 175,275 727,263 902,538 $ $ EMPLOYEE BENEFITS TRUST RISK MANAGEMENT $ 100 32,222,508 133,509 $ 6,226,041 4,814,432 42,879 SHERIFF WAREHOUSE TOTALS JUNE 30, 2004 $ $ 1,009,850 1,705,787 219 34,062,123 1,138,598 1,782,172 14,004,122 1,009,850 6,227,441 41,386,829 183,076 1,349,475 2,844,385 1,784,219 53,775,425 323,649 6,785,800 (3,832,699) 3,276,750 51,676 (49,286) 2,390 34,064,513 14,004,122 1,009,850 57,052,175 850,963 105,387 1,868,796 146,423 3,871,911 637,333 6,417 1,781,686 104,707 6,375 363,369 15,813,549 16,769,899 5,139,150 7,007,946 20,952,699 27,354,753 516,167 242,173 26,719,064 26,719,064 $ 26,719,064 26,961,237 43,488,963 7,007,946 516,167 2,390 (9,426,840) (9,424,450) 6,996,176 6,996,176 493,683 493,683 $ $ 243 54,315,990 $ 2,929,870 (193,685) 2,736,185 Maricopa County Combining Statement of Revenues, Expenses, and Changes in Net Assets All Internal Service Funds For the Fiscal Year Ended June 30, 2004 EQUIPMENT SERVICES OPERATING REVENUES Charges for services Miscellaneous Total operating revenues $ OPERATING EXPENSES Personal services Supplies Other services Legal Insurance Leases and rentals Repairs and maintenance Travel and transportation Utilities Depreciation Total operating expenses Operating income (loss) NONOPERATING REVENUES (EXPENSES) Interest income Interest expense Loss on disposal of capital assets Total nonoperating revenues (expenses) Income (loss) before transfers 9,575,822 7,501 9,583,323 TELECOMMUNICATIONS $ 2,849,965 5,887,479 674,882 3,147,127 867,273 1,291,998 33,278 666,818 13,729 81,404 109,181 10,316,736 (733,413) 1,688,976 1,592,834 50,470 4,753,610 183,825 13,576,113 2,457,478 (23,647) (757,060) 8,399 (10,291) (55,822) (57,714) 2,399,764 (10,926) (767,986) (70,779) 2,328,985 (803,995) 3,011,234 (23,647) Transfers in Transfers out Change in net assets Total net assets (deficit) - beginning Total net assets (deficit) – ending $ 244 16,014,419 19,172 16,033,591 (1,571,981) $ 5,340,219 REPROGRAPHICS $ 936,466 2,224 938,690 EMPLOYEE BENEFITS TRUST RISK MANAGEMENT $ 438,773 223,748 43,666 25,676,986 131,731 25,808,717 $ 27,616,161 199,068 27,815,229 1,209,017 522,338 775,116 6,702,686 13,725,646 24,925,118 9,510 22,944,313 2,864,404 26,334,275 1,480,954 275,669 186,986 275,669 3,140,073 186,986 1,667,940 SHERIFF WAREHOUSE $ 2,724,570 TOTALS JUNE 30, 2004 $ 2,724,570 7,644,882 10,133,470 4,515,832 6,702,686 38,650,764 1,722,254 2,337,188 64,199 4,835,014 419,330 77,025,619 5,878,501 2,632,632 321,013 1,409,157 77,536 116,814 900,537 38,153 2,953,645 (229,075) (229,075) 471,054 (35,710) (55,822) 379,522 6,258,023 (1,772) (1,772) 36,381 2,374,000 $ 82,544,424 359,696 82,904,120 36,381 3,140,073 4,041,940 (229,075) 2,374,000 (81,705) 8,550,318 866,157 (12,564,523) 2,954,236 722,758 (5,814,133) 902,538 $ (9,424,450) $ 6,996,176 245 $ 493,683 $ 2,736,185 Maricopa County Combining Statement of Cash Flows All Internal Service Funds For the Fiscal Year Ended June 30, 2004 EQUIPMENT SERVICES CASH FLOWS FROM OPERATING ACTIVITIES Charges for services Other receipts Payments for goods and services Payments for personal services Net cash provided by (used for) operating activities $ CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Advances from General Fund Cash transfers from other funds Interest payments Loan payments to General Fund Net cash provided by (used for) noncapital financing activities 9,575,822 58,365 (7,346,749) (2,835,227) (547,789) TELECOMMUNICATIONS $ (1,719,045) (83,999) (10,291) (1,813,335) Net increase in cash and cash equivalents Cash and cash equivalents, July 1, 2003 SCHEDULE OF NONCASH INVESTING, CAPITAL AND NONCAPITAL FINANCING ACTIVITIES: Accumulated depreciation from disposed capital assets Machinery and equipment disposed Loss on disposal of capital assets Transfer out capital assets to County-wide capital assets Accumulated depreciation transferred to County-wide capital assets Capital assets transferred to County-wide capital assets Capital assets transferred from County-wide capital assets Accumulated depreciation transferred from County-wide capital assets 936,466 2,224 (337,386) (434,990) 166,314 (23,647) (846,881) 547,789 CASH FLOWS FROM INVESTING ACTIVITIES Interest and dividends Net cash provided by investing activities 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) operating activities Depreciation expense Liability for reported and incurred but not reported claims - noncurrent Changes in assets and liabilities: Inventories Prepaids Miscellaneous Vouchers payable Employee compensation payable Accrued liabilities Liability for reported and incurred but not reported claims - current Net cash provided by (used for) operating activities $ 1,418,317 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Purchase of capital assets Capital lease payments Interest payments on long-term debt Net cash used for capital and related financing activities Cash and cash equivalents, June 30, 2004 16,014,419 19,172 (10,949,946) (3,122,228) 1,961,417 REPROGRAPHICS 900 $ $ 900 (733,413) 1,559 1,559 149,793 123,317 3,418,140 659,039 3,567,933 $ 782,356 $ 2,457,478 $ 38,153 183,825 (18,962) 9,029 50,864 34,744 14,738 (4,941) (244) (713,570) 24,899 $ (547,789) $ $ 127,368 (127,368) $ 246 1,711 1,711 $ 109,181 10,926 5,756 (16,682) 16,410 (16,410) (42,784) (1,772) (44,556) 1,961,417 18,932 (74,754) 55,822 70,779 (70,779) 116,814 7,564 3,783 $ $ 166,314 EMPLOYEE BENEFITS TRUST RISK MANAGEMENT $ 25,808,717 $ (20,171,660) (1,193,859) 4,443,198 26,271,156 199,068 (24,146,560) SHERIFF WAREHOUSE $ 2,724,570 TOTALS JUNE 30, 2004 $ (2,411,782) 2,323,664 312,788 363,369 1,781,686 2,374,000 (23,647) (1,523,038) 2,609,001 2,374,000 (676,157) (312,788) 2,374,000 81,331,150 278,829 (65,364,083) (7,586,304) 8,659,592 (1,719,045) (126,783) (12,063) (1,857,891) 216,656 216,656 167,744 167,744 387,670 387,670 4,659,854 4,865,408 9,798,372 27,562,754 6,175,065 37,815,898 $ 32,222,608 $ 11,040,473 $ $ 2,864,404 $ 1,480,954 $ (229,075) $ 47,614,270 $ 5,878,501 9,510 44,024 419,330 44,024 407,002 (67,723) (219) 137,226 15,158 $ $ 1,440,818 4,443,198 22,878 (22,878) (1,024,117) (1,013,321) 519,586 $ (331,684) 2,692,246 2,323,664 129,988 4,873 $ 312,788 $ $ $ 247 397,069 (1,091,840) (962,920) 115,538 58,578 (331,752) 4,133,064 8,659,592 169,178 (225,000) 55,822 81,705 5,756 (87,461) 16,410 (16,410) 248 Financial Section Combining and Individual Fund Statements Agency Funds Maricopa County Agency Fund Agency Funds are used to account for assets held by the County in a fiduciary capacity or as an agent for individuals, private organizations, and other governments. The County maintains an Agency Fund, which is not under the control of the Board of Supervisors. The Agency Fund is custodial in nature and does not involve measurement of results of operations. AGENCY FUND Special Purpose - The Special Purpose Fund accounts for receipts, which are designated for special purposes and are not related to an individual governmental unit. 251 Maricopa County Statement of Changes in Assets and Liabilities Agency Fund For the Fiscal Year Ended June 30, 2004 BALANCE JULY 1, 2003 SPECIAL PURPOSE Assets Cash in bank and on hand Receivables Total assets Liabilities Deposits held for other parties Total liabilities $ ADDITIONS $ $ 28,996,193 1,293,981 30,290,174 $ 118,551 $ $ 30,290,174 30,290,174 $ $ 118,551 118,551 252 118,551 BALANCE JUNE 30, 2004 DEDUCTIONS $ $ 29,114,744 $ 1,293,981 1,293,981 $ 29,114,744 $ $ 1,293,981 1,293,981 $ $ 29,114,744 29,114,744 Financial Section Capital Assets Schedules Maricopa County Capital Assets Used in the Operation of Governmental Funds Comparative Schedules by Source 1 June 30, 2004 and 2003 2004 Governmental funds capital assets: Land Buildings and improvements Machinery and equipment Infrastructure Construction in progress Total governmental funds capital assets $ $ Investments in governmental funds capital assets by source: General Fund Special Revenue Funds Capital Projects Funds Total governmental funds capital assets 1 $ $ 267,945,344 1,128,207,324 165,062,018 456,642,003 168,530,055 2,186,386,744 563,297,738 1,248,334,401 374,754,605 2,186,386,744 2003 $ $ $ $ 237,197,018 793,261,902 156,588,147 413,157,611 447,058,232 2,047,262,910 842,925,509 721,597,997 482,739,404 2,047,262,910 This schedule presents only the capital asset balances related to governmental funds. Accordingly, the capital assets reported in internal service funds are excluded from the above amounts. Generally, the capital assets of internal service funds are included as governmental activities in the Statement of Net Assets. 255 Maricopa County Capital Assets Used in the Operation of Governmental Funds Schedule by Function and Activity 1 June 30, 2004 BUILDINGS & IMPROVEMENTS LAND GENERAL GOVERNMENT County Assessor Board of Supervisors Finance Facilities Management Materials Management Computer Systems Telecommunications Elections Internal Audit Human Resources Recorder Treasurer Total General Government PUBLIC SAFETY Adult Probation Emergency Management Clerk of Superior Court County Attorney Justice Courts Constables Correctional Health Juvenile Probation Medical Examiner Planning and Development Public Defender Public Fiduciary Superior Court Sheriff Flood Control Total Public Safety HIGHWAYS AND STREETS Transportation Total Highways and Streets HEALTH, WELFARE AND SANITATION Community Development Human Services Environmental Services Animal Care and Control Medical Assistance Program Waste Tire Program Public Health Total Health, Welfare and Sanitation CULTURE AND RECREATION Library Parks and Recreation Bank One Ballpark Operations Sports Authority Total Culture and Recreation EDUCATION Superintendent of Schools Accommodation Schools Total Education TOTAL GOVERNMENTAL FUNDS CAPITAL ASSETS $ $ 37,007,662 285,000 MACHINERY & EQUIPMENT $ 184,163 153,182,687 907,587 898,965 $ 37,292,662 $ $ 155,173,402 $ $ 6,120,744 272,183 219,009 $ 1,820,253 99,821 91,486 5,317,854 64,560 3,431,586 28,993,196 573,376 18,372 162,418 5,605,334 1,590,548 47,768,804 1,336,568 7,549,548 726,543 46,458,371 27,807,390 $ 3,241,590 48,610,583 53,915,284 $ 25,370,000 460,672,453 10,430,325 584,900,023 $ 1,745,276 154,238 2,280,425 4,883,543 1,255,370 533,313 517,854 1,566,893 1,337,344 1,799,305 185,048 61,677 9,221,331 39,615,325 8,366,734 73,523,676 $ $ 118,217,359 118,217,359 $ $ 19,282,162 19,282,162 $ $ 27,500,621 27,500,621 $ 88,496 3,800,992 2,644,980 1,543,600 150,360 518,071 970,094 9,716,593 $ $ 159,811 328,649 2,900,932 27,100 1,968,767 5,358,159 $ 27,100 $ $ 1,540,000 20,747,579 35,608,005 $ 6,919,166 7,381,848 338,654,504 $ $ 57,895,584 $ 352,955,518 $ $ $ $ 597,355 597,355 $ 267,945,344 INTERNAL SERVICE FUNDS Equipment Services Telecommunications Reprographics Risk Management TOTAL INTERNAL SERVICE FUNDS CAPITAL ASSETS $ TOTAL CAPITAL ASSETS $ $ $ $ $ 10,538,060 10,538,060 $ 712,098 957,988 1,670,086 $ 1,128,207,324 $ 165,062,018 $ $ $ 323,649 $ 1,745,794 4,219,752 768,578 51,676 6,785,800 $ 1,128,530,973 $ 171,847,818 323,649 267,945,344 1 2,093,782 2,710,063 54,796 23,597 4,882,238 This schedule presents the capital asset balances related to governmental funds (Total Governmental Funds Capital Assets) and the capital assets reported in the internal service funds (Total Internal Service Funds Capital Assets). Generally, the capital assets of the internal service funds are not included in the above schedule, as they are included in the governmental activities in the Statement of Net Assets. However, the County elected to include the internal service funds in this schedule to facilitate the reconciliation of Note 10 – Capital Assets in the Notes to the Financial Statements. 256 CONSTRUCTION IN PROGRESS INFRASTRUCTURE $ $ TOTAL $ 2,020,426 $ $ $ $ $ 147,475 147,475 $ $ 456,494,528 456,494,528 2,020,426 $ $ 1,820,253 99,821 37,283,311 160,805,967 972,147 3,431,586 28,993,196 573,376 18,372 162,418 6,504,299 1,590,548 242,255,294 $ 81,518,901 46,790,144 128,309,045 $ 7,866,020 426,421 2,499,434 4,883,543 10,141,486 533,313 517,854 48,025,264 29,871,277 1,799,305 185,048 61,677 34,591,331 585,048,269 114,345,261 840,795,503 $ $ 38,200,584 38,200,584 $ $ 659,695,254 659,695,254 88,496 3,960,803 2,973,629 4,471,632 150,360 518,071 2,938,861 15,101,852 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 712,098 12,093,403 12,805,501 $ 2,186,386,744 $ 456,642,003 $ 168,530,055 10,552,948 30,839,490 374,317,305 23,597 415,733,340 $ $ $ $ $ $ 1,745,794 4,543,401 768,578 51,676 7,109,449 $ 2,193,496,193 $ 456,642,003 $ 168,530,055 257 Maricopa County Capital Assets Used in the Operation of Governmental Funds Schedule of Changes by Function and Activity 1 For the fiscal year ended June 30, 2004 GOVERNMENTAL FUNDS CAPITAL ASSETS JUNE 30, 2003 GENERAL GOVERNMENT County Assessor Board of Supervisors Finance Facilities Management Materials Management Computer Systems Telecommunications Elections Internal Audit Human Resources Recorder Treasurer Total General Government $ $ $ $ 57,821,490 $ $ 2,272,764 10,175 113,982 784,534 $ $ 4,710,301 144,063 3,237,681 4,478,516 10,141,486 545,356 134,924 21,777,861 28,857,414 1,820,862 130,575 51,778 34,525,743 518,086,822 82,128,398 710,771,780 HIGHWAYS AND STREETS Transportation Total Highways and Streets $ $ $ HEALTH, WELFARE AND SANITATION Community Development Human Services Environmental Services Animal Care and Control Medical Assistance Program Waste Tire Program Public Health Total Health, Welfare and Sanitation CULTURE AND RECREATION Library Parks and Recreation Bank One Ballpark Operations Sports Authority Total Culture and Recreation EDUCATION Superintendent of Schools Accommodation Schools Total Education TOTAL GOVERNMENTAL FUNDS CAPITAL ASSETS $ $ $ $ 224,242 DEDUCTIONS 1,596,011 99,821 7,183,322 192,252,837 972,147 3,343,760 28,922,414 565,221 18,372 156,155 5,038,304 1,602,473 241,750,837 PUBLIC SAFETY Adult Probation Emergency Management Clerk of Superior Court County Attorney Justice Courts Constables Correctional Health Juvenile Probation Medical Examiner Planning and Development Public Defender Public Fiduciary Superior Court Sheriff Flood Control Total Public Safety $ ADDITIONS $ 5,110,694 42,076,198 39,751,798 120,210 8,809,733 8,155 32,384 8,809,730 6,263 1,465,995 11,925 48,605,837 18,465 852,229 379,507 $ 49,514 382,930 19,175,151 1,529,653 209,131 54,473 20,079 175,405 424,163,097 48,842,306 497,783,194 $ 10,180 109,817 358,014,683 16,625,443 376,894,030 612,323,937 612,323,937 $ $ 102,597,633 102,597,633 $ $ 55,226,316 55,226,316 98,951 3,194,345 2,677,294 4,913,642 128,352 352,984 3,163,978 14,529,546 $ $ 10,455 61,007 128,505 564,330 8,730,883 30,123,785 371,712,082 23,597 410,590,347 $ 827,465 424,840 122,320 22,008 183,879 126,401 1,706,913 61,557 75,671 515,790 230,688 $ 18,792 351,518 1,134,607 $ 2,429,485 1,718,003 2,605,223 $ 607,420 649,986 $ 6,752,711 $ 1,257,406 $ $ $ 3,694,769 3,694,769 $ 486,812,965 $ 127,368 74,752 $ 674,373 9,450,166 10,124,539 $ 37,725 6,338,006 6,375,731 $ 2,000,090,986 $ 673,037,672 $ $ $ 1,719,043 $ 22,878 224,998 $ 674,756,715 $ 487,037,963 INTERNAL SERVICE FUNDS Equipment Services Telecommunications Reprographics Risk Management TOTAL INTERNAL SERVICE FUNDS CAPITAL ASSETS $ 1,873,434 2,969,889 768,578 74,554 5,686,455 TOTAL CAPITAL ASSETS $ 2,005,777,441 1 1,719,043 This schedule presents the capital asset balances related to governmental funds (Total Governmental Funds Capital Assets) and the capital assets reported in the internal service funds (Total Internal Service Funds Capital Assets). Generally, the capital assets of the internal service funds are not included in the above schedule, as they are included in the governmental activities in the Statement of Net Assets. However, the County elected to include the internal service funds in this schedule to facilitate the reconciliation of Note 10 – Capital Assets in the Notes to the Financial Statements. 258 TRANSFERS IN $ GOVERNMENTAL CAPITAL ASSETS JUNE 30, 2004 TRANSFERS OUT $ 24,989,295 13,903,168 $ 47,674,438 70,779 $ 38,963,242 $ $ 901,420 272,183 $ 47,674,438 $ $ $ 7,866,020 426,421 2,499,434 4,883,543 10,141,486 533,313 517,854 48,025,264 29,871,277 1,799,305 185,048 61,677 34,591,331 585,048,269 114,345,261 840,795,503 7,147,923 22,867,779 $ 31,189,305 22,054,746 $ 22,054,746 1,820,253 99,821 37,283,311 160,805,967 972,147 3,431,586 28,993,196 573,376 18,372 162,418 6,504,299 1,590,548 242,255,294 $ $ $ $ $ $ 659,695,254 659,695,254 $ $ $ $ $ $ 88,496 3,960,803 2,973,629 4,471,632 150,360 518,071 2,938,861 15,101,852 $ $ 369,918 $ 369,918 $ 722,230 $ 722,230 $ 10,552,948 30,839,490 374,317,305 23,597 415,733,340 $ $ $ $ $ $ 712,098 12,093,403 12,805,501 $ 70,522,465 $ 70,451,414 $ 2,186,386,744 $ 16,410 $ 16,682 70,779 $ $ 16,410 $ 87,461 $ 1,745,794 4,543,401 768,578 51,676 7,109,449 $ 70,538,875 $ 70,538,875 $ 2,193,496,193 259 260 STATISTICAL SECTION Maricopa County Listing of Statistical Information The County implemented Governmental Accounting Standards Board Statement No. 44 – Economic Condition Reporting: The Statistical Section. Contents Page Financial Trends Information These schedules contain trend information to help the reader understand how the County’s financial performance and well-being have changed over time. 264 Net Assets by Component Changes in Net Assets Fund Balances, Governmental Funds Changes in Fund Balances, Governmental Funds Revenue Capacity 270 These schedules contain information to help the reader assess the County’s most significant local revenue source, the property tax. Tax Revenues by Source, Governmental Funds Assessed Value and Estimated Market Value of Taxable Property Direct and Overlapping Property Tax Rates Principal Property Tax Payers Property Tax Levies and Collections Debt Capacity 275 These schedules present information to help the reader assess the affordability of the County’s current levels of outstanding debt and the County’s ability to issue additional debt in the future. Ratios of Outstanding Debt by Type Legal Debt Margin Information Pledged Revenue Coverage Demographic and Economic Information 278 These schedules offer demographic and economic indicators to help the reader understand the environment within which the County’s financial activities take place. Demographic and Economic Statistics Principal Employers Operating Information 280 These schedules contain service and infrastructure data to help the reader understand how the information in the County’s financial report relates to the services the County provides and the activities it performs. Budgeted Full-Time Equivalent County Employees by Function/Program Operating Indicators by Function/Program Capital Asset Statistics by Function/Program 263 Maricopa County Net Assets by Component Last Three Fiscal Years (accrual basis of accounting) Fiscal Year NET ASSETS 2001-02 2002-03 2003-04 Governmental activities Invested in capital assets, net of related debt $ 1,259,210,540 $ 1,529,060,770 Restricted 321,969,019 234,284,414 Unrestricted 222,913,694 441,241,848 Total governmental activities net assets $ 1,811,332,732 204,462,971 397,555,149 $ 1,804,093,253 $ 2,204,587,032 $ 2,413,350,852 $ 81,077,781 $ 75,738,774 $ 72,392,695 Business-type activities Invested in capital assets, net of related debt Restricted 53,752,904 43,997,578 Unrestricted (8,089,795) 6,410,491 Total business-type activities net assets 16,320,660 19,709,472 $ 126,740,890 $ 126,146,843 $ 108,422,827 $ 1,340,288,321 $ 1,604,799,544 $ 1,883,725,427 Primary government Invested in capital assets, net of related debt Restricted 375,721,923 278,281,992 Unrestricted 214,823,899 447,652,339 Total primary government net assets $ 1,930,834,143 $ 2,330,733,875 220,783,631 417,264,621 $ 2,521,773,679 Prior to fiscal year 2001-02, the schedule of net assets by component is not available due to the initial year of GASB Statement No. 34 presentation. 264 Maricopa County Changes in Net Assets Last Three Fiscal Years (accrual basis of accounting) Fiscal Year 2002-03 2001-02 2003-04 Expenses Governmental activities: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Interest on long-term debt Total governmental activities expenses $ Business-type activities: Medical Center Arizona Health Care Cost Containment System (AHCCCS)–Acute Health Care program AHCCCS–-Arizona Long-Term Care System (ALTCS) program Non-AHCCCS health care programs (Senior Select and Health Select) Other business-type activities Total business-type activities expenses Total primary government expenses Program Revenues Governmental activities: Charges for services: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Operating grants and contributions Capital grants and contributions Total governmental activities program revenues Business-type activities: Charges for services: Medical Center Arizona Health Care Cost Containment System (AHCCCS)–Acute Health Care program AHCCCS–-Arizona Long-Term Care System (ALTCS) program Non-AHCCCS health care programs (Senior Select and Health Select) Other business-type activities Operating grants and contributions Capital grants and contributions Total business-type activities program revenues Total primary government program revenues Net (Expense)/Revenue Governmental activities Business-type activities Total primary government net expense 265 $ 181,265,791 506,600,904 51,016,886 335,607,743 27,488,028 17,386,261 11,446,165 1,130,811,778 $ 185,518,463 581,443,588 44,392,614 332,380,442 27,963,450 19,170,903 8,249,310 1,199,118,770 340,556,596 366,425,283 371,991,804 93,168,287 241,654,207 109,142,148 232,991,015 167,346,474 273,164,762 66,767,140 639,546 742,785,776 $ 1,768,601,987 75,004,905 1,615,848 785,179,199 $ 1,915,990,977 82,737,548 1,336,866 896,577,454 $ 2,095,696,224 $ $ $ 24,457,239 81,687,973 1,451,293 22,917,356 8,358,894 3,057,546 281,170,304 2,712,908 425,813,513 26,357,344 71,880,262 1,563,228 24,243,241 8,461,408 2,714,129 304,923,484 44,322,271 484,465,367 26,589,393 78,288,469 1,769,524 26,745,928 8,546,372 4,146,571 294,296,698 18,917,753 459,300,708 291,946,393 334,310,122 380,554,715 100,104,747 252,343,614 115,846,532 240,083,167 138,274,739 234,370,191 64,169,238 44,860 6,272,958 0 714,881,810 $ 1,140,695,323 70,518,591 106,470 6,959,432 0 767,824,314 $ 1,252,289,681 59,656,677 230,389 6,681,898 9,833 819,778,442 $ 1,279,079,150 $ $ $ $ Continued on next page 124,501,063 490,943,644 52,464,778 304,220,867 25,453,164 16,675,171 11,557,524 1,025,816,211 (600,002,698) (27,903,966) (627,906,664) $ (646,346,411) (17,354,885) (663,701,296) $ (739,818,062) (76,799,012) (816,617,074) Maricopa County Changes in Net Assets (Continued) Fiscal Year 2002-03 2001-02 General Revenues and other Changes in Net Assets Governmental activities: Taxes Property taxes, levied for general purposes Property taxes, levied for Flood Control District Property taxes, levied for Library District Property taxes, levied for debt service Share of state sales taxes Sales tax – Jail construction and operation Surcharge tax – Stadium District Vehicle license tax Grants and contributions not restricted to specific programs Unrestricted investment earnings Gain (loss) on disposal of capital assets Miscellaneous Transfers Total governmental activities Business-type activities: Unrestricted investment earnings Gain (loss) on disposal of capital assets Miscellaneous Transfers Total business-type activities Total primary government Change in Net Assets Government activities Business-type activities Total primary government $ $ $ $ 269,753,187 44,775,297 9,690,800 20,250,715 325,728,202 98,177,716 5,407,664 106,115,829 8,700,138 29,404,833 (8,856,034) 10,627,773 (25,752,045) 894,024,075 6,359,401 (103,280) 1,972,145 25,752,045 33,980,311 928,004,386 294,021,377 6,076,345 300,097,722 $ $ $ $ 295,627,499 44,302,535 10,369,080 19,708,786 330,260,143 98,932,138 5,240,032 110,603,659 1,725,495 16,507,950 13,346,055 3,061,600 (16,531,668) 933,153,304 2003-04 $ 328,580,647 50,702,924 14,414,827 19,267,865 358,056,954 107,441,209 5,556,717 116,054,332 1,775,295 8,626,732 21,601,858 3,915,244 (58,278,148) 977,716,456 2,594,524 796,848 16,531,668 19,126,192 952,279,496 58,278,148 59,074,996 $ 1,036,791,452 286,806,893 1,771,307 288,578,200 $ $ 237,898,394 (17,724,016) 220,174,378 Prior to fiscal year 2001-02, the changes in net assets is not available due to the initial year of GASB Statement No. 34 presentation. 266 Maricopa County Fund Balances, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) Fiscal Year 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 General Fund Reserved 3,371,644 $ 12,242,094 Unreserved $ 18,627,784 2,891,400 $ 58,081,486 2,803,113 $ 78,148,684 107,517,591 $ 140,716,861 4,321,620 $ 154,436,197 6,368,458 $ 156,786,153 4,416,236 $ 249,039,062 5,083,202 $ 288,822,823 3,834,312 $ 315,905,112 2,400,780 Total general fund $ 21,519,184 $ 60,884,599 $ 81,520,328 $ 119,759,685 $ 145,038,481 $ 160,804,655 $ 161,202,389 $ 254,122,264 $ 292,657,135 $ 318,305,892 $ $ $ $ $ $ $ 1,194,925 $ 23,515,381 $ 24,618,711 $ 22,498,657 All Other Governmental Funds Reserved 1,151,457 1,588,283 2,822,944 2,654,738 2,435,938 1,021,537 Unreserved, reported in: Special revenue funds 101,618,202 87,107,851 Capital projects funds 21,682,538 29,245,291 Debt service funds Total all other governmental funds 111,059,742 (26,768,397) 133,449,337 159,549,660 143,167,692 119,080,975 153,208,886 156,611,561 187,646,410 11,519,168 25,130,369 156,797,383 242,663,698 145,345,468 120,430,525 108,561,138 123,383,762 97,344,273 81,674,429 74,332,552 $ 486,323,360 $ 419,414,008 $ 383,335,226 $ 393,038,757 2,439,895 $ 126,892,092 $ 117,941,425 $ 87,114,289 $ 147,623,243 267 $ 187,115,967 $ 300,986,612 Maricopa County Changes in Fund Balances, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) Fiscal Year Fiscal Year Fiscal Year Fiscal Year 1994-95 1995-96 1996-97 1997-98 Revenues Taxes $ Licenses and permits 225,445,807 $ 234,576,660 $ 240,138,668 $ 256,680,131 14,940,192 12,415,267 13,324,933 14,882,655 462,100,228 565,800,613 617,278,173 593,963,445 46,188,483 47,693,323 44,579,250 54,295,458 8,474,023 9,862,807 11,499,560 12,460,671 Miscellaneous 40,461,851 38,701,304 42,075,258 143,116,936 Total revenues 797,610,584 909,049,974 968,895,842 1,075,399,296 Intergovernmental Charges for services Fines and forfeits Special assessment Expenditures General government 161,073,777 84,393,672 83,288,504 76,045,723 Public safety 311,584,793 285,016,888 312,469,016 338,229,571 Highway and streets 42,107,241 42,260,676 41,937,037 38,787,702 Health, welfare and sanitation 68,063,202 291,957,283 295,239,781 335,143,437 Culture and recreation 17,616,014 11,686,132 35,307,331 10,681,908 1,108,972 1,113,304 1,138,321 10,810,535 Principal 1,029,843 16,563,238 19,077,158 21,082,227 Interest 12,896,490 12,095,162 11,799,174 11,960,101 Education Debt service Other 426,922 Capital outlay Total expenditures 60,193,852 180,419,728 242,991,752 215,297,901 676,101,106 925,506,083 1,043,248,074 1,058,039,105 121,509,478 (16,456,109) (74,352,232) 17,360,191 Excess of revenues over (under) expenditures Other financing sources (uses) Transfers in Transfers out Capital lease agreements Proceeds from bond issuance 87,446,939 90,347,870 92,167,569 103,198,973 (226,028,033) (58,010,199) (61,984,088) (39,208,492) 4,041,302 9,111,886 1,064,094 2,976,609 19,356,467 83,236 50,604,042 67,050,326 30,000,000 Premium on refunding bonds 274,888 Payment to escrow agent Total other financing sources (uses) Net change in fund balances (104,264,904) $ 17,244,574 41,449,557 $ 24,993,448 $ (23,748,190) $ 84,410,517 Debt service as a percentage of noncapital expenditures 2.3% 3.8% 268 3.9% 3.9% $ Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 273,423,421 296,029,480 $ 316,624,353 343,037,203 $ 474,876,462 17,067,513 $ 22,187,021 23,688,768 $ 26,106,311 28,192,974 $ 524,751,335 31,629,382 659,408,934 783,237,358 803,712,695 831,668,101 745,697,718 778,964,259 57,287,860 62,026,284 65,836,359 68,770,386 66,499,607 71,682,924 13,426,857 14,583,372 14,908,415 15,776,099 16,326,795 17,166,377 3,625,508 3,584,883 46,279,528 49,295,439 65,397,496 69,879,317 59,899,212 48,974,704 1,066,894,113 1,227,358,954 1,290,168,086 1,355,237,417 1,395,118,276 1,476,753,864 92,526,980 91,629,129 101,678,589 99,265,465 114,241,982 118,226,772 364,823,901 422,453,691 459,487,297 481,843,123 493,435,114 563,716,985 52,048,136 55,450,402 59,803,451 55,240,772 44,226,114 41,549,321 353,141,055 278,987,186 295,158,694 311,510,932 331,752,530 331,028,006 13,339,246 15,302,763 16,312,843 17,651,564 19,388,797 19,587,482 13,627,432 17,853,463 16,552,929 16,560,263 17,268,012 18,815,487 22,805,407 23,808,586 24,091,044 39,618,137 34,071,393 35,159,141 10,279,203 7,908,121 7,677,328 10,271,627 10,423,785 8,828,297 1,179,102 181,400,888 229,743,778 294,010,771 315,588,133 248,465,695 1,072,191,744 1,094,794,229 1,210,505,953 1,327,151,756 1,380,395,860 1,385,643,943 (5,297,631) 132,564,725 79,662,133 28,085,661 14,722,416 91,109,921 112,033,812 259,159,435 321,948,526 243,650,675 386,029,678 295,868,643 (44,192,804) (268,494,193) (342,528,925) (269,402,720) (402,561,346) (358,012,976) 11,320,208 4,542,153 165,830 9,843,870 4,321,656 111,095,706 78,450,670 617,869 79,779,085 $ 266,757 149,600,384 74,481,454 3.6% $ (4,792,605) 90,681,137 127,772,120 $ 170,343,270 3.5% 3,541,257 457,156 (77,980,850) (12,353,671) (11,897,098) $ 3.2% 16,188,563 4.9% 269 6,333,484 15,598,262 (12,210,012) $ 2,512,404 4.2% (52,109,102) $ 39,000,819 3.9% Maricopa County Tax Revenues by Source, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) General Property Taxes Fiscal Year 1994-95 $ 225,445,807 State Sales Tax $ Vehicle License Tax 215,015,368 $ 53,450,464 Highway User Fuel Tax $ 63,227,494 Baseball Stadium Tax $ 18,882,306 1995-96 234,576,660 231,009,128 53,481,261 68,763,760 87,061,164 1996-97 240,138,668 242,352,311 64,600,858 73,249,850 96,058,301 1997-98 256,680,131 257,643,630 68,309,110 67,408,288 42,238,411 1998-99 273,423,421 279,812,954 84,021,288 72,392,313 386,396 1999-00 296,029,480 309,009,200 94,431,066 77,317,632 258,303 2000-01 316,624,353 322,429,593 100,019,454 78,243,269 278,259 2001-02 343,037,203 325,728,202 106,115,829 78,285,210 128,498 2002-03 370,704,292 330,260,143 110,603,659 82,153,376 96,555 2003-04 411,753,409 358,056,954 123,937,327 86,598,735 84,018 37.0% (99.6)% Change 1995-2004 82.6% Rental Car Surcharge Fiscal Year 1994-95 66.5% $ 4,466,598 131.9% Street Lighting Assessments Jail Tax $ N/A $ 3,024,254 Total Revenues $ 583,512,291 1995-96 4,906,873 N/A 2,312,428 682,111,274 1996-97 5,344,085 N/A 2,502,073 724,246,146 1997-98 5,387,983 N/A 2,799,824 700,467,377 1998-99 5,428,828 41,480,614 2,809,062 759,754,876 1999-00 5,722,238 91,984,716 1,934,600 876,687,235 2000-01 5,637,184 97,752,375 3,612,549 924,597,036 2001-02 5,407,664 98,177,716 3,505,969 960,386,291 2002-03 5,240,032 98,932,138 3,471,253 1,001,461,448 2003-04 5,556,717 107,441,209 3,425,632 1,096,854,001 24.4% 159.0% Change 1995-2004 13.3% 88.0% The Vehicle License Tax for fiscal year 1997-98 and all subsequent years, have a combined amount from the General and Transportation Funds. The Baseball Stadium Tax ended in November 1997, but small amounts continue to be remitted on delinquent tax returns. The Jail Tax was approved by the voters in the General Election on November 3, 1998. The change in Jail Tax is calculated from fiscal year 1999. 270 Maricopa County Assessed Value and Estimated Market Value of Taxable Property Last Ten Fiscal Years (in thousands of dollars) Property Values Assessed Fiscal Year Ended June 30, Secured 1994-95 $ 12,072,197 1,448,978 $ 13,521,175 1.6475 1995-96 13,322,347 797,088 14,119,435 1.6475 105,326,280 13.4 1996-97 13,568,692 774,464 14,343,156 1.6475 107,933,712 13.3 1997-98 14,854,238 869,260 15,723,498 1.6475 120,276,555 13.1 1998-99 15,891,850 921,167 16,813,017 1.6475 128,171,305 13.1 1999-00 17,749,278 927,553 18,676,831 1.6248 142,792,237 13.1 2000-01 19,813,298 1,064,418 20,877,716 1.5748 160,906,987 13.0 2001-02 21,748,902 1,164,233 22,913,135 1.5448 180,653,046 12.7 2002-03 23,303,509 1,153,538 24,457,047 1.5448 194,235,322 12.6 2003-04 26,405,899 1,072,089 27,477,988 1.5448 226,293,568 12.1 Unsecured $ Total Direct Tax Rate Total Total Secured and Unsecured Estimated Market Value $ 97,887,172 Total Assessed Value as a Percentage of Total Estimated Market Value 13.8% Secured and Unsecured assessed property values and estimated market values are determined each calendar year. The tax rates are applicable beginning July 1st of the next fiscal year. The Board of Supervisors approve the tax rates on the third Monday of August. Source: Maricopa County Department of Finance – Property Tax Division. 271 Maricopa County Direct and Overlapping Property Tax Rates Last Ten Fiscal Years County Direct Rates General Obligation Flood County Fiscal County Debt Control Library Total Year Operating Service District District Direct 1994-95 1.2394 0.0032 0.3632 0.0417 1.6475 1995-96 1.1580 0.1464 0.3332 0.0099 1.6475 1996-97 1.1054 0.1575 0.3425 0.0421 1.6475 1997-98 1.1265 0.1364 0.3425 0.0421 1.6475 1998-99 1.1472 0.1312 0.3270 0.0421 1.6475 1999-00 1.1884 0.1085 0.2858 0.0421 1.6248 2000-01 1.1641 0.1152 0.2534 0.0421 1.5748 2001-02 1.1832 0.0876 0.2319 0.0421 1.5448 2002-03 1.2108 0.0800 0.2119 0.0421 1.5448 2003-04 1.2108 0.0700 0.2119 0.0521 1.5448 Overlapping Rates Central Arizona Water Other Community Fiscal State of Education Conservation Special College School Year Arizona Equalization District Districts District Districts Cities 1994-95 0.4700 0.5300 0.1400 0 - 3.9334 0.8934 .1356 - 10.2650 0 - 2.9563 1995-96 0.4700 0.5300 0.1400 0 - 3.9254 1.1130 .0842 - 11.9754 0 - 2.8989 1996-97 0.0000 0.5300 0.1400 1 - 6.4642 1.0476 .1131 - 10.2185 0 - 2.2074 1997-98 0.0000 0.5300 0.1400 0 - 4.3496 1.1346 .8314 - 12.0368 0 - 2.2011 1998-99 0.0000 0.5300 0.1400 0 - 3.4931 1.1125 .1141 - 10.6396 0 - 2.2011 1999-00 0.0000 0.5217 0.1400 0 - 2.9871 1.1285 .2751 - 10.0452 0 - 2.2512 2000-01 0.0000 0.5123 0.1300 0 - 3.3260 1.1194 .1186 - 9.4925 0 - 2.0816 2001-02 0.0000 0.4974 0.1300 0 - 4.0000 1.1107 .1120 - 9.2148 0 - 2.2390 2002-03 0.0000 0.4889 0.1300 0 - 5.1000 1.1127 .4684 - 13.6519 0 - 2.0415 2003-04 0.0000 0.4717 0.1200 0 - 3.6500 1.0785 .7731 - 11.8075 0 - 2.6733 Source: Maricopa County Department of Finance – Property Tax Division. All tax rates are per $100 assessed valuation. Note: Rates for the County General Obligation Debt Service are set annually at a level sufficient to pay the interest on all bonds then outstanding and the annual installment of the principal becoming due and payable in the next year. 272 Maricopa County Principal Property Tax Payers Current Year and Nine Years Ago 2003-04 1994-95 Percentage of Secondary Taxpayer Arizona Public Service Secondary Rank Assessed Value Valuation 773,981,629 1 2.82% 454,550,692 2 1.65 Valuation $ Qwest Corporation Percentage of Total County Southern California Edison Company 170,916,915 3 0.62 El Paso Electric Company 141,854,336 4 0.52 Southwest Gas Corporation 129,855,468 5 0.47 Intel Corporation 114,669,306 6 0.42 Motorola Inc SPS $ Total County Rank Assessed Value 912,547,364 1 6.76% 332,796,078 3 2.46 101,342,861 7 0.37 125,229,854 7 0.93 AT&T 89,751,292 8 0.33 48,833,669 9 0.36 Public Service Company of New Mexico 81,352,985 9 0.30 175,704,213 5 1.30 Target Corporation 72,721,962 10 0.26 Cox Communications Phoenix 70,377,334 11 0.26 Southern California Public Power Authority 64,777,927 12 0.24 132,345,178 6 0.98 Honeywell 55,009,011 13 0.20 Scottsdale Fashion Square Partnership 53,982,908 14 0.20 Safeway Inc. 52,162,814 15 0.19 MCI Worldcom Network Services Inc. 46,702,706 16 0.17 Arizona MSA 43,693,293 17 0.16 Albertsons Inc. 43,313,063 18 0.16 WalMart Stores Inc. 42,502,624 19 0.15 Wells Fargo Bank 37,029,932 20 0.13 El Paso Electric Company 367,630,055 2 2.72 U.S. West Communications 305,088,076 4 2.26 0.71 Los Angeles Dept. of Water and Power 96,396,447 8 Phoenix Newspapers 34,547,175 10 0.26 U.S. West New Vector 33,750,009 11 0.25 Mony/psp/ptx/psm 33,278,124 12 0.25 Phoenician Resort 29,448,324 13 0.22 Metro Mobile 25,499,583 14 0.19 Westcor Co. Ltd. Partnerships 25,157,951 15 0.19 Sp Comm. Flight/Bull Hn 17,611,884 16 0.13 Scottsdale Princess Resort 16,531,104 17 0.12 Arizona Biltmore 13,094,754 18 0.10 McDonnell Douglas 13,024,705 19 0.10 11,041,405 20 Camelback Esplanade Total Principal Taxpayers $ 2,640,549,058 9.62% Countywide Secondary Valuation $ 27,477,987,528 100.00% Source: Maricopa County Treasurer’s Office. 273 $ 0.08 2,749,555,952 20.37% $ 13,504,107,816 100.00% Maricopa County Property Tax Levies and Collections Last Ten Fiscal Years Collected within the Fiscal Year of the Levy Total Collections To Date Fiscal Year Ended June 30, County Tax Levied For the Fiscal Year 1994-95 $ 206,250,696 $ 197,789,168 1995-96 214,404,513 210,552,034 98.20 4,398,752 214,950,786 100.25 1996-97 221,234,454 217,305,000 98.22 4,236,037 221,541,037 100.14 1998-98 239,451,425 235,367,920 98.29 4,450,301 239,818,221 100.15 1998-99 257,557,253 251,828,489 97.78 4,905,589 256,734,078 99.68 1999-00 279,978,758 272,985,725 97.50 5,642,075 278,627,800 99.52 2000-01 302,546,405 293,824,613 97.12 6,207,082 300,031,695 99.17 2001-02 327,717,255 315,788,529 96.36 7,776,650 323,565,179 98.73 2002-03 352,679,730 341,135,608 96.73 7,512,208 348,647,816 98.86 2003-04 392,827,196 383,224,353 97.56 383,224,353 97.56 Collections In Subsequent Years Percentage of Levy Amount 95.90% $ Percentage of Levy Amount 4,395,294 $ 202,184,462 98.03% Note: Collections to date may exceed 100%, as the initial amount levied is not updated to reflect any adjustments or exemptions arising from taxpayer disputes. County Tax Levied for the Fiscal Year Fiscal Flood Year Ended County Debt Control County Total June 30, Operating Service District Library County 1994-95 $ 164,865,317 $ 428,377 $ 35,318,672 $ 5,638,330 $ 206,250,696 1995-96 156,257,472 20,670,863 36,078,354 1,397,824 214,404,513 1996-97 154,487,036 22,590,472 38,118,477 6,038,469 221,234,454 1997-98 169,045,638 21,446,852 42,339,342 6,619,593 239,451,425 1998-99 183,750,071 22,058,679 44,670,223 7,078,280 257,557,253 1999-00 207,540,697 20,264,361 44,310,754 7,862,946 279,978,758 2000-01 225,396,514 24,051,128 44,309,245 8,789,518 302,546,405 2001-02 252,676,223 20,071,906 45,322,696 9,646,430 327,717,255 2002-03 277,949,612 19,565,638 44,868,063 10,296,417 352,679,730 2003-04 308,122,580 19,234,591 51,153,993 14,316,032 392,827,196 Source: Maricopa County Department of Finance – Property Tax Division. 274 Maricopa County Ratios of Outstanding Debt by Type Last Ten Fiscal Years General Bonded Debt Other Governmental Activities Debt Percentage Fiscal General of Assessed Year Ended Obligation Property Per Revenue District Special of Capital June 30, Bonds Value (a) Capita (b) Bonds Rev. Bonds Assessment Participation Leases 1994-95 $ 169,515,000 817,556 $ 30,623,023 $ 5,142,759 1995-96 169,515,000 1.20 62.71 38,860,000 584,652 27,807,099 12,482,894 1996-97 154,555,000 1.08 55.10 66,670,000 685,597 24,853,992 9,596,021 1997-98 137,215,000 0.87 47.17 64,150,185 546,798 23,998,943 17,684,054 1998-99 119,045,000 0.71 39.62 60,824,685 996,939 20,667,686 17,633,952 1999-00 99,910,000 0.53 32.27 57,629,259 729,448 17,222,210 18,121,511 2000-01 79,595,000 0.38 24.90 104,355,000 55,107,043 589,431 13,575,118 14,225,356 2001-02 58,370,000 0.25 17.72 104,355,000 58,225,000 458,977 9,804,315 19,442,376 2002-03 39,515,000 0.16 11.63 91,558,756 57,225,000 368,573 5,808,084 19,414,905 2003-04 20,165,000 0.07 5.72 93,569,383 55,225,000 343,102 1.25% Lease $ 65.24 $ Stadium $ 39,280,000 Certificates $ Business-Type Activities 1994-95 Lease Revenue Certificates of Installment Purchase Total Primary Bonds Participation Agreements (d) Government (c) $ $ Percentage of Assessed Per Property Value (a) 906,977 $ 4,492,337 $ 250,777,652 1995-96 6,648,911 3,855,754 259,754,310 1.84 96.10 1996-97 4,890,041 2,609,341 263,859,992 1.84 94.07 1997-98 2,940,289 1,989,402 248,524,671 1.58 85.43 1,058,574 1,125,158 221,351,994 1.32 73.66 1998-99 , 1999-00 1.85% Capita (b) $ 96.52 5,666,171 608,794 199,887,393 1.07 64.56 2000-01 20,500,000 11,824,853 3,252,270 303,024,071 1.45 94.80 2001-02 20,500,000 11,768,519 2,607,815 285,532,002 1.25 86.66 2002-03 17,986,244 10,940,368 2,350,524 245,167,454 1.00 72.17 2003-04 16,670,618 5,865,000 1,252,049 203,910,257 0.74 57.86 Note: Details regarding the County’s outstanding debt can be found in the notes to the financial statements. (a) See Assessed Value and Estimated Market Value of Taxable Property schedule for assessed property value data. (b) Population data can be found in the Demographic and Economic Statistics schedule. (c) Includes general bonded debt, other governmental activities, and business-type activities debt. (d) Prior to FY 2002, Installment Purchase Agreements include Capital Leases. Housing Department bonds have been excluded from these numbers. See Note 3 – Beginning Balances Restated for additional information. 275 10,820,105 Maricopa County Legal Debt Margin Information Last Ten Fiscal Years Debt limit Total net general obligation debt Legal debt margin Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 1994-95 1995-96 1996-97 1997-98 1998-99 $ 2,028,176,237 $ 2,117,915,242 $ 2,151,473,529 $ 2,358,524,729 166,843,722 154,076,269 135,502,982 117,832,943 $ 1,861,332,515 $ 1,963,838,973 $ 2,015,970,547 $ 2,240,691,786 $ 2,521,952,589 $ 2,423,282,589 98,670,000 Total net debt applicable to the limit as a percentage of debt limit Debt limit Total net general obligation debt Legal debt margin 8.23% 7.27% 6.30% 5.00% 3.91% Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 1999-00 2000-01 2001-02 2002-03 2003-04 $ 2,801,524,627 $ 3,131,657,332 $ 3,436,970,172 $ 3,668,557,092 79,595,000 58,205,000 57,596,083 38,792,654 $ 2,721,929,627 $ 3,073,452,332 $ 3,379,374,089 $ 3,629,764,438 $ 4,121,698,129 $ 4,101,533,129 20,165,000 Total net debt applicable to the limit as a percentage of debt limit 2.84% 1.86% 1.68% 1.06% 0.49% Legal Debt Margin Calculation for Fiscal Year 2003-04 Assessed Value $ 27,477,987,528 Debt limit (15% of assessed value) 4,121,698,129 Debt applicable to limit: General obligation bonds 20,165,000 Total net debt applicable to limit 20,165,000 Legal debt margin $ 4,101,533,129 Note: The Arizona Constitution, Article 9, Section 8, states that a County may become indebted for an amount not to exceed fifteen percent of taxable property. 276 Maricopa County Pledged Revenue Coverage Last Ten Fiscal Years Stadium District Revenue Bonds Net Revenue Available Fiscal Gross For Debt Year Revenue Service (1) 1994-95 $ 5,561,045 $ 8,508,784 Debt Service Requirements Principal $ 420,000 Interest $ 2,469,910 Total $ Gross Net Coverage Coverage 294% 2,889,910 192% 1995-96 5,239,274 8,572,192 1,300,000 2,448,910 3,748,910 140% 229% 1996-97 8,776,890 12,490,055 1,460,000 2,941,961 4,401,961 199% 284% 1997-98 7,079,357 9,756,245 2,594,815 3,995,066 6,589,881 107% 148% 1998-99 5,972,846 8,987,531 3,400,500 3,381,131 6,781,631 88% 133% 1999-00 5,911,689 9,374,409 3,285,426 2,207,768 5,493,194 108% 171% 2000-01 5,909,719 9,743,378 2,607,216 3,078,606 5,685,822 104% 171% 2001-02 4,172,913 8,188,248 1,620,168 1,593,307 3,213,475 130% 255% 2002-03 5,565,801 8,658,371 1,000,000 2,945,548 3,945,548 141% 219% 2003-04 5,972,808 9,512,699 2,000,000 2,918,480 4,918,480 121% 193% Special Assessment Bonds Net Revenue Available Fiscal Gross For Debt Year Revenue Service (1) 1994-95 $ 179,080 $ Debt Service Requirements Principal Interest $ 82,461 Total $ Gross Net Coverage Coverage (246,455) $ 414,058 496,519 36% (50)% 1995-96 627,670 122,389 196,547 58,884 255,431 246% 48% 1996-97 307,529 203,075 161,781 65,062 226,843 136% 90% 1997-98 180,180 131,790 197,741 53,724 251,465 72% 52% 1998-99 352,643 145,149 269,907 69,377 339,284 104% 43% 1999-00 280,976 152,887 208,160 65,078 273,238 103% 56% 2000-01 125,432 137,444 93,828 47,047 140,875 89% 98% 2001-02 320,841 195,439 223,211 39,635 262,846 122% 74% 2002-03 153,188 249,963 66,090 32,574 98,664 155% 253% 2003-04 158,646 295,985 85,577 27,047 112,624 141% 263% Note: Details regarding the outstanding debt can be found in the notes to the financial statements. (1) Net revenue available for debt service consists of gross revenues plus beginning fund balance less expenditures not covered by bond proceeds and all transfers not applicable to debt retirement. Fund balance is included in net revenue since it represents unexpended pledged revenues. 277 Maricopa County Demographic and Economic Statistics Last Ten Fiscal Years Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 1994-95 1995-96 1996-97 1997-98 1998-99 Unemployment Rate (June 30,) County 4.10% 3.30% 3.60% 2.60% 2.90% State 5.30% 5.50% 4.60% 4.30% 4.50% United States 5.60% 5.30% 5.00% 4.50% 4.30% Population/Income Statistics Income $ Population Per Capita 57,439,162,000 $ 2,598,183 $ 22,107 $ 62,663,789,000 $ 68,656,472,000 $ 75,639,499,000 2,703,078 2,805,009 2,909,040 23,182 $ 24,476 $ 26,002 $ 80,924,901,000 3,004,985 $ 26,930 Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 1999-00 2000-01 2001-02 2002-03 2003-04 Unemployment Rate (June 30,) County 2.30% 3.70% 5.00% 5.30% 4.40% State 4.00% 4.70% 6.00% 5.70% 5.00% United States 4.00% 4.60% 5.80% 6.30% 4.60% Population/Income Statistics Income $ Population Per Capita 89,771,608,000 $ 3,096,343 $ 28,993 $ 92,913,124,000 $ 95,618,598,000 $ 98,401,099,202 3,196,439 3,294,911 3,396,875 29,068 $ 29,020 $ 28,968 Source: Workforce Informer Arizona at www.workforce.az.gov for unemployment rate, population and income statistics. Population for fiscal years 2003 and 2004 are estimates from the Department of Economic Security. Income for fiscal years 2003 and 2004 were not available. The amounts provided are estimates based on a 2.91% growth rate. 278 $ 101,264,571,189 3,524,175 $ 28,734 Maricopa County Principal Employers Current Year and Nine Years Ago 2004 EMPLOYER EMPLOYEES 1995 PERCENTAGE of PERCENTAGE of TOTAL COUNTY TOTAL COUNTY RANK EMPLOYMENT EMPLOYEES RANK EMPLOYMENT 57,224 1 4.21% State of Arizona 50,363 1 2.96% Wal-Mart Stores 18,677 2 1.10% Banner Health systems 13,756 3 0.81% Maricopa County 13,482 4 0.79% 11,585 4 0.85% City of Phoenix 13,095 5 0.77% 11,704 3 0.86% Honeywell International Inc. 12,000 6 0.70% 8,000 8 0.59% U.S. Postal Services 11,406 7 0.67% 9,055 6 0.67% Raytheon Co. 10,200 8 0.60% Arizona State University 10,005 9 0.59% 9,500 10 0.56% Albertson’s-Osco Motorola 20,000 2 1.47% Samaritan Health 11,159 5 0.82% Allied Signal 9,000 7 0.66% Pinnacle West Capital Corp 7,915 9 0.58% American Express 7,500 10 0.55% Total for Principal Employers 162,484 9.55% 153,142 11.26% Total Employment in Maricopa County As of June 30 Source: 1,704,221 1,359,535 Greater Phoenix Economic Council at www.gpec.org for major employers. Workforce Informer Arizona at www.workforce.az.gov for total employed in Maricopa County. Difference in number of employees reported on this report for Maricopa County and the next report is due to the next report uses budgeted full time employees. 279 Maricopa County Budgeted Full-time Equivalent County Employees by Function/Program Last Three Fiscal Years Function/Program General Government Board of Supervisors Call Center County Assessor County Manager Elections Facilities Management Finance Human Resources Information Technology Internal Audit Management and Budget Materials Management Other General Government Recorder Total Compensation Treasurer Public Safety Adult Probation Clerk of Superior Court Constables County Attorney Court System Emergency management Flood Control Juvenile Probation Medical Examiner Planning & Development Public Fiduciary Sheriff Correctional Health Integrated Criminal Justice Info Highways and Streets Transportation Health, Welfare and Sanitation Animal Control Environmental Services Human Services Other Health, Welfare and Sanitation Public Health Culture and Recreation Library District Parks and Recreation Stadium District Education Superintendent of Schools Medical Center & Health Care Programs Other Business-Type Activities Solid Waste 2001-02 Fiscal Year 2002-03 2003-04 25 33 322 18 54 235 43 67 67 16 22 39 136 71 15 64 25 34 322 11 54 248 44 66 66 16 22 40 141 71 16 64 24 33 321 12 54 245 48 51 61 15 20 36 132 70 25 64 1,175 666 30 829 1,845 15 223 828 64 115 35 2,465 264 14 1,092 689 30 917 1,846 15 226 869 63 125 35 2,488 265 15 1,072 684 30 915 1,849 14 224 833 65 125 34 2,494 262 22 504 478 479 133 283 368 115 523 140 274 369 108 535 141 282 368 40 542 136 98 4 136 104 4 136 104 4 30 3,975 30 3,683 33 3,944 12 14 13 15,976 15,790 15,920 Source: County Management and Budget Department. 280 Maricopa County Operating Indicators by Function/Program Last Three Fiscal Years Fiscal Year Function/Program General Government County Assessor Number of parcels assessed Elections Registered voters Number voting Management and Budget Number of dept/fund budgets Average cost per dept. budget administered Staff hours spent on Board briefings Public Safety Adult Probation Probationers (including absconders) Community service hours Collections County Attorney Adult felony filings Juvenile filings Flood Control District Delineations completed Floodplain use permits Inspections conducted Warning messages and alerts Justice Courts Annual new filings Total non-jury trials commenced Total jury trials commenced Juvenile Probation Population under 18 years old (estimated) Juveniles brought to detention Average length of detention (days) Sheriff Number of 911 calls dispatched Number of non-emergency calls/inquiries Number of motor vehicle warrant checks Superior Court Annual Case Filings Health, Welfare and Sanitation Human Services Children served in Headstart Program > 120 days Community and information referral units Individuals at risk of homelessness due to cost burden of unaffordable housing and utilities Public Health Certified copies of birth or death certificates Number of immunizations Cases of communicable diseases investigated Culture and Recreation Library District Number of items circulated Number of library cards issued Number of print, media and electronic items owned Education Superintendent of Schools School districts in Maricopa County Students in those districts Home Schooled students Private School students Medical Center Adult Emergency Care Visits Children’s Emergency Care Visits AHCCCS–Acute Health Care and ALTCS programs’ Enrollees (Medicare and Non-Medicare) 2001-02 2002-03 1,214,539 1,296,457 723,867 N/A N/A $ (1) (5) (2) 2003-04 1,259,703 1,305,716 1,290,457 723,867 (1) 1,552,421 1,211,963 264 163 8,989 377 32,671 864,242 36,502,058 30,216 853,041 23,772,376 $ $ 30,322 9,578 30,459 8,651 15 368 13,235 448 7 501 14,292 434 351,278 N/A N/A $ 32,001 769,314 25,349,639 34,052 9,537 N/A N/A N/A N/A (6) (6) (6) (6) 355,170 22,777 71 348,040 41,238 70 878,683 10,119 15 896,257 9,916 17 205,314 305,811 112,272 222,843 294,865 125,511 119,628 128,373 136,673 3,107 14,803 2,392 16,053 2,324 15,788 201,925 201,925 217,686 211,455 3,794 257,249 232,431 3,914 (5) (5) 861,454 10,287 15 N/A N/A N/A (5) (5) (5) N/A (3) 225,224 185,320 2,645 N/A N/A N/A (4) (4) (4) N/A N/A N/A (4) (4) (4) 3,768,536 290,492 578,879 57 571,578 7,700 15,000 58 591,149 8,832 19,200 58 630,352 10,255 21,724 54,889 22,439 51,332 21,250 50,019 17,440 7,635 7,175 N/A (1) General election November 2002 used for Fiscal Years 2002 and 2003. (2) Financial data is unavailable to calculate cost per budget. (3) Information unavailable for Fiscal Year 2002. (4) Data unavailable as a new computer system was installed in Fiscal Year 2003. (5) Information is unavailable prior to Fiscal Year 2003. (6) Information was not available at the time of schedule preparation. Note: Indicators for Highways and Streets and Other Business-Type Activities are not available. Source: Various County Departments. 281 173 9,476 612 $ (6) Maricopa County Capital Asset Statistics by Function/Program Last Three Fiscal Years Function/Program Public Safety Flood Control District Manages automatic rain gauges Justice Courts Juvenile Courts Sheriff Inmate beds available (including portable) Number of jail facilities Highways and Streets Transportation Miles of Road Miles of road with paved surfaces Number of major bridges Number of total bridges Health, Welfare and Sanitation Animal Care and Control Number of animal shelters Public Health Number of public health facilities Number of WIC facilities Culture and Recreation Library District Number of facilities owned Facilities operated Bookmobiles Parks and Recreation Regional county parks County managed golf courses Total acres managed Conservation areas Stadium District Major league baseball field Medical Center Family Health Centers Medical Center (Hospital) Other Business-Type Activities Number of transfer stations Fiscal Year 2002-03 2001-02 2003-04 118 23 2 118 23 2 118 23 2 8,287 4 8,873 4 9,570 6 5,823 4,421 25 258 5,586 4,421 27 265 5,569 4,452 28 283 3 3 3 2 2 2 2 2 2 2 10 2 2 11 2 2 10 2 9 3 119,301 1 9 3 119,307 1 9 3 119,239 1 1 1 1 11 1 11 1 11 1 6 6 6 Source: Various County Departments. Note: Indicators for General Government, Education, and Health Plans are not available. 282