Comprehensive Annual Financial Report Board of Supervisors Fulton Brock Don Stapley Member Member Max Wilson Chairman Andrew Kunasek Mary Rose Garrido Wilcox Member Member Comprehensive Annual Financial Report Maricopa County Phoenix, Arizona For the Fiscal Year July 1, 2004 to June 30, 2005 Prepared By Department of Finance Tom Manos, Chief Financial Officer INTRODUCTORY SECTION Table of Contents Listing of Maricopa County Officials Organizational Chart Letter of Transmittal Citizens Audit Advisory Committee Letter Comprehensive Annual Financial Report Table of Contents For the Fiscal Year Ended June 30, 2005 Introductory Section Page Table of Contents Listing of Maricopa County Officials Organizational Chart Letter of Transmittal Maricopa County Citizens Audit Advisory Committee Letter i v vi vii x Financial Section Independent Auditors’ Report 1 Management’s Discussion and Analysis 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 86 Notes to Budgetary Comparison Schedules i Table of Contents (Continued) For the Fiscal Year Ended June 30, 2005 Page Schedule of Agent Retirement Plans’ Funding Progress 88 Modified Approach for Infrastructure Assets 89 Combining and Individual Fund Statements and Schedules 93 Listing of Nonmajor Governmental Funds 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 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 Expedited Child Support Health Fund Flood Control Fund Flood Control Grants Fund ii 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 Table of Contents (Continued) For the Fiscal Year Ended June 30, 2005 Page Special Revenue Funds (Continued) 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 Jail Enhancement Fund Sheriff RICO 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 Trip Reduction Fund Victim Location Fund Waste Tire Program Fund iii 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 Table of Contents (Continued) For the Fiscal Year Ended June 30, 2005 Page Debt Service Funds Lease Revenue Fund Stadium District Fund 220 221 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 Transportation Capital Projects Fund Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects 222 223 224 225 226 227 228 229 Nonmajor Enterprise Funds Listing of Nonmajor Enterprise Funds Combining Statement of Net Assets Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets Combining 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 Statistical Section Listing of Statistical Information 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 Taxpayers Property Tax Levies and Collections Ratios of Outstanding Debt by Type 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 iv 255 256 257 259 260 262 263 264 265 266 267 268 269 270 271 272 273 274 Maricopa County Officials BOARD OF SUPERVISORS Fulton Brock, District 1 Don Stapley, District 2 Andrew Kunasek, District 3 Max Wilson, Chairman, District 4 Mary Rose Garrido Wilcox, District 5 ♦♦♦ COUNTY MANAGER David R. Smith ♦♦♦ CHIEF FINANCIAL OFFICER Tom Manos v Organizational Chart 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 Commissioners Clerk of the Board 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 Manager Superior Court Administration Justice Court Administration Deputy County Manager 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 vi 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 18, 2006 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, 2005. 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 assets from loss, theft, or misuse and to compile sufficient reliable information for preparation of Maricopa County’s financial statements in conformity with U.S. 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, 2005, 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 the fiscal year ended June 30, 2005. The auditors concluded that the County did not maintain adequate controls for claims payment processing resulting in a disclaimer of opinion on two 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 GAAP. 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. vii 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/. viii Maricopa County Citizens Audit Advisory Committee 301 West Jefferson Street Suite 1090 Phoenix, AZ 85003-2143 Victoria L. Prins, CPA Ralph W. Lamoreaux, CPA Jill J. Rissi, MPA Ryan T. Brownsberger Richard J. Lozar x FINANCIAL SECTION Independent Auditors’ Report Management’s Discussion and Analysis Basic Financial Statements Basic Financial Statements – Notes Required Supplementary Information Budgetary Comparison Schedules – General Fund and Major Special Revenue Fund Notes to Budgetary Comparison Schedules Schedule of Agent Retirement Plans’ Funding Progress Modified Approach for Infrastructure Assets Combining and Individual Fund Statements and Schedules Nonmajor Governmental Funds Nonmajor Enterprise Funds Internal Service Funds Agency Fund 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 vii 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 $3,038.3 million (net assets), an increase of 3.3 percent from the prior year. Of this amount, $430.5 million (unrestricted net assets) may be used to meet the County’s ongoing obligations to citizens and creditors. Composition of Net Assets (in millions) Invested in capital assets, net of related debt, $2,347.3 Restricted, $260.5 Unrestricted, $430.5 • The County’s total net assets as reported in the Statement of Activities increased by $96.5 million, a 56.2 percent decrease over the prior period’s increase in net assets. Of this amount, $229.7 million is attributed to governmental activities and ($133.2) million is attributable to business-type activities. The significant decrease in business-type activities is due to the loss on closure of the Medical Center when it was transitioned to the Maricopa County Special Health Care District, a separate legal entity. See page 13 for additional information. Net Assets by Activity (in millions) $3,500.0 $3,000.0 2005 2004 $2,500.0 $2,000.0 $1,500.0 $1,000.0 $500.0 2005 2004 $Governmental Activities Business-type Activities $(500.0) • The County’s governmental funds reported combined fund balances of $813.3 million, an increase in fund balance of $102.0 million over the prior fiscal year. Approximately 96.7 percent of the combined fund balances or $786.4 million is unreserved and available to meet the County’s current and future needs. 3 Management’s Discussion and Analysis (Continued) • Unreserved fund balance for the General Fund increased by 35.5 percent to $428.0 million; approximately 54.7 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 ($24.8) million, of which total unrestricted net assets were ($26.2) million. • The County restated beginning balances for Flood Control District infrastructure assets for the period July 1, 1980 through June 30, 2001, as required by GASB Statement No. 34. The total restatement amount of $372.5 million, net of accumulated depreciation, was based on estimated historical cost. 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). 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, and other business-type activities (Non-AHCCCS Health Plans and 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, which includes 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. 4 Management’s Discussion and Analysis (Continued) 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 nearterm 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 three 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, 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 26-30 of this report. • 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 program (Senior Select). These four components comprise the Maricopa Integrated Health System. 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 governmentwide 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), and AHCCCS—Arizona Long-Term Care System (ALTCS) program (ALTCS Fund) operations are considered to be major funds of the County. Data for the Non-AHCCCS Health Care program (Non-AHCCCS Health Plans Fund) and the Solid Waste Fund are 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. 5 Management’s Discussion and Analysis (Continued) 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 fourth 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, 2005, as compared to the prior year. Statement of Net Assets As of June 30 (in millions) Governmental Activities 2005 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 $ 1,080.4 2,442.0 3,522.4 Business-type Activities 2004* $ 915.2 2,320.4 3,235.6 197.8 261.5 459.3 140.0 262.2 402.2 2,345.9 260.5 456.7 3,063.1 2,231.3 204.5 397.6 2,833.4 $ 2005 $ $ 2004 Total 2005 2004* 55.5 1.5 57.0 $ 183.6 96.7 280.3 $ 1,135.9 2,443.5 3,579.4 71.9 9.9 81.8 137.0 34.9 171.9 269.7 271.4 541.1 277.0 297.1 574.1 72.4 16.3 19.7 $ 108.4 2,347.3 260.5 430.5 $ 3,038.3 2,303.7 220.8 417.3 2,941.8 1.4 0.0 (26.2) (24.8) $ $ 1,098.8 2,417.1 3,515.9 % Chg P/Y 3.4% 1.1 1.8 (2.6) (8.7) (5.7) 1.9 18.0 3.2 3.3 * The governmental activities and total columns’ total net asset amounts for fiscal year 2004 were restated to $2,833.4 and $2,941.8, respectively, for the retroactive reporting of Flood Control infrastructure assets as part of the phased implementation requirements of GASB Statement No. 34 and prior period corrections for Flood Control and Transportation infrastructure assets (see Note 3 to the financial statements for additional information). 6 Management’s Discussion and Analysis (Continued) At June 30, 2005, the County’s combined governmental activities and business-type activities assets exceeded liabilities by approximately $3.0 billion. The governmental activities comprise 238.0 percent of the increase from the prior year, with an increase in net assets as reported in the statement of activities of $229.7 million. The increase for governmental activities is attributed to the significant increase in the County’s capital assets and tax revenue, as discussed below. The decrease in business-type activities net assets of ($133.2) million from the prior year is mainly attributed to the loss on closure of the Medical Center when it was transitioned to the Maricopa County Special Health Care District. This loss affected all three components of net assets, and thus, will not be addressed separately below. See page 13 for additional information. By far, the largest portion - $2.3 billion or 77.3 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 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. The governmental activities comprise 99.9 percent of this component of net assets. This component of net assets for governmental activities increased by $114.6 million due to the County’s investment in its capital assets, particularly the construction related to the jail, justice and administrative facilities, for which a total of $68.9 million was expended and included $29.3 million in the County Improvement Fund, $19.8 million in the General Fund County Improvement Fund, $15.5 million in the Jail Construction Fund, and $4.3 million in the Intergovernmental Capital Projects Fund. A large portion of the remaining increase can be attributed to the infrastructure capital projects of the Flood Control District and the Transportation Department. These projects are accounted for in the Flood Control Capital Projects Fund and the Transportation Capital Projects Fund, which had capital outlay expenditures of $42.7 and $50.7 million, respectively. Further, the County received $24.8 million in Transportation infrastructure capital asset donations that were received from other jurisdictions. The second component of the County’s total net assets, $260.5 million or approximately 8.5 percent, represents resources that are subject to external restrictions on how they may be used. The governmental activities comprise 100 percent of this component of net assets. This component increased for governmental activities by $56.0 million and business-type activities decreased by $16.3 million, for a net change of $39.7 million. The increase in governmental activities restricted net assets is mainly attributable to the public safety and highways and streets functions, with fund balance increases of $24.6 and $10.9 million, respectively, from the prior fiscal year. The net asset increases in these functions is partially attributable to increases in sales taxes for jail operations and highway user revenues of $11.7 and $4.3 million, respectively. The final component consists of unrestricted net assets, $430.5 million or 14.2 percent, and may be used to meet the County’s ongoing obligations. The governmental activities comprise 106.1 percent of this component. Unrestricted net assets for governmental activities increased from fiscal year 2004 by $59.1 million, or 14.9 percent. The increase in unrestricted net assets can be attributed to increase in taxes revenue recorded in the General Fund. Unrestricted property tax, sales tax and vehicle license tax increased $16.6, $39.7, and $6.6 million, respectively, from the prior fiscal year. Changes in Net Assets As discussed previously, the County’s total net assets of $3.0 billion increased by $96.5 million as reported in the Statement of Activities. Of this amount, $229.7 million, or 238.0 percent, is attributable to governmental activities, and ($133.2) million is related to business-type activities. A discussion of each is presented below. 7 Management’s Discussion and Analysis (Continued) The following table reflects the condensed Statement of Activities of the County for the fiscal year 2005 compared to the prior year and indicates the changes in net assets for Governmental and Business-type Activities: Statement of Activities For the Fiscal Years Ended June 30, 2005 and June 30, 2004 (in millions) Governmental Activities 2005 2004* Revenues: Program revenues: Charges for services Operating grants and contributions Capital grants and contributions General revenues: Taxes Other Total Revenues Expenses: General government Public safety Health, welfare and sanitation Other** Medical Center AHCCCS–Acute Health Care program AHCCCS–ALTCS program Other business-type activities Total Expenses Excess (deficiency) before gain (loss) on disposal of capital assets and transfers Gain (loss) on disposal of capital assets Special item – loss on closure of business activity Transfers Change in net assets Net assets – beginning Net assets – ending Business-type Activities 2005 2004 146.1 294.3 18.9 $ 518.3 2.5 .1 $ 813.1 6.7 1,075.1 27.2 1,691.1 1,000.1 14.3 1,473.7 1.0 521.9 157.8 685.8 439.8 122.3 185.5 581.4 332.4 99.8 $ 167.4 382.4 39.0 1,405.7 285.4 (18.7) (37.0) 229.7 2,833.4 $ 3,063.1 $ 1,199.1 274.6 21.6 (58.3) 237.9 2,595.5 $ 2,833.4 Total 2005 $ 2004* % Chg P/Y 685.7 384.9 39.1 $ 959.2 301.0 18.9 .8 820.6 1,075.1 28.2 2,213.0 1,000.1 15.1 2,294.3 7.5 86.8 (3.5) 169.0 132.3 252.2 29.9 583.4 372.0 167.4 273.2 84.0 896.6 157.8 685.8 439.8 122.3 169.0 132.3 252.2 29.9 1,989.1 185.5 581.4 332.4 99.8 372.0 167.4 273.2 84.0 2,095.7 (14.9) 18.0 32.3 22.5 (54.6) (21.0) (7.7) (64.4) (5.1) (61.5) (76.0) 223.9 (18.7) 198.6 21.6 12.7 (186.6) (108.7) 37.0 (133.2) 108.4 $ (24.8) 58.3 (17.7) 126.1 $ 108.4 (108.7) 96.5 2,941.8 $ 3,038.3 (28.5)% 27.9 106.9 (100.0) 220.2 2,721.6 $ 2,941.8 (56.2) 8.1 3.3 * The governmental activities and total columns’ total net asset amounts for fiscal year 2004 were restated by $420.0 million for the retroactive reporting of Flood Control infrastructure assets as part of the phased implementation requirements of GASB Statement No. 34 and prior period corrections for infrastructure assets (see Note 3 to the financial statements for additional information). ** The functions of highways and streets, culture and recreation, and education are shown in the condensed statement of activities above as other expenses. Governmental Activities As previously mentioned, governmental activities contributed $229.7 million, or 238.0 percent, of the $96.5 million increase in net assets of the County. This increase can be attributed to the treatment of capital outlay and depreciation expense in the government-wide statements and to the increase in tax and operating grant revenues. 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 reported as a capital asset and the expense 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 $118.8 million. As a result, net capital assets increased by this amount, resulting in a net positive change to net assets. 8 Management’s Discussion and Analysis (Continued) In the government-wide statement of activities, the significant revenues reported for governmental activities included taxes (County-levied, general sales and vehicle license taxes) and operating grants. Taxes and operating grants represent 63.6 and 22.6 percent, respectively, of total governmental activities revenues for fiscal year 2005. Tax revenues increased by $75.0 million from sales taxes of $39.7 million, property taxes levied of $16.6 million, other County-levied taxes of $12.1 million, and vehicle license taxes of $6.6 million. The increase in tax revenues can be attributed to a strong economy, increasing County population, and higher property values. Operating grants increased $88.1 million, which is attributable to the $83.5 million in disproportionate share revenue for fiscal year 2005. See page 12 for additional information. Tax and other operating revenues provide the principal support for the functions of the County, which include general government; public safety; highways and streets; health, welfare and sanitation; culture and recreation; and education. Although governmental activities revenues increased by $217.4 million, or 14.8 percent, over the prior period, this increase was offset by an increase in expenses. Governmental activities expenses increased by $206.6 million, or 17.2 percent, over the prior period. The largest increase is from the health, welfare and sanitation function of $107.4 million and includes Health Care Mandates (General Fund) increases of $103.8 million. The increase in the Health Care Mandates consists mainly of disproportionate share of $83.5 million that is withheld from the County’s share of state sales taxes for indigent patient care. The General Fund recorded an expense for the state sales taxes that were withheld. The Maricopa County Special Health Care District, which is a separate legal entity that is not part of the County’s reporting entity, remitted disproportionate share to the County for these expenses. In prior fiscal years, the revenue was transferred from the Medical Center, which was part of the County’s reporting entity before its transition to the Maricopa County Special Health Care District on January 1, 2005. See page 13. Thus, in prior fiscal years, interfund activity was eliminated for reporting purposes. Therefore, there is a significant increase in expenses for fiscal year 2005 compared to the prior year. In addition, public safety function expenses increased by $104.4 million and includes increases in personnel and payroll expenses of $50.7 million, depreciation expense of $13.0 million and Flood Control District general expenses of $19.9 million. The increases in the personnel and payroll expenses and depreciation expense can both be attributable to the completion of the jail and justice facilities during the fiscal year and the related operations of those facilities. The increase in Flood Control District general expenses of $19.9 million can be attributed to infrastructure capital projects that were discontinued (i.e., surveys, studies, cancelled projects) or projects that were annexed to other jurisdictions. Business-Type Activities As discussed earlier, 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, the Non-AHCCCS Health Care program (Senior Select) – these four components are the Maricopa Integrated Health System – and Solid Waste. Business-type activities total net assets decreased by $133.2 million from the prior fiscal year. The Maricopa Integrated Health System comprised ($133.7) million, or 100.3 percent, of the total decrease in business-type activities. Solid Waste comprised $.5 million or (.3) percent. The decrease in net assets is mainly attributed to the loss on closure of business activity of $108.7 million for the transfer of the Medical Center to the Maricopa County Special Health Care District, a separate legal entity that is not part of the County’s reporting entity. Without the loss on closure, the decrease in net assets would have been $24.5 million and is predominately from the Maricopa Health Plan of $9.3 million and ALTCS of $24.0 million. For additional information on the transfer of the Medical Center see page 13. The primary revenue source for business-type activities is charges for services, which comprise $518.3 million or 99.3 percent of total business-type revenues. This component consists mainly of patient service revenues and charges for services revenues from the Maricopa Integrated Health System, which include inpatient and outpatient medical and nursing services; attendant care services; and managed institutional, home, and community-based long-term care services. The primary expense for business-type activities consists of medical and personal services costs that account for $508.7 million of the $574.9 million in operating expenses. 9 Management’s Discussion and Analysis (Continued) Charges for services revenues for business-type activities decreased $294.8 million or 36.3 percent from the previous fiscal year. This includes revenue decreases for the Medical Center of $219.1 million, AHCCCS – Acute Health Care program of $20.6 million, AHCCCS – ALTCS program of $13.6 million, and Non-AHCCCS Health Care program of $38.9 million. Although charges for services revenues decreased by $294.8 million or 36.3 percent, expenses also decreased $313.2 million or 34.9 percent for a net change of ($18.4) million from the prior year. This includes decreases in the Medical Center of $203.0 million, AHCCCS – Acute Health Care program of $35.1 million, AHCCCS – ALTCS program of $21.0 million, and Non-AHCCCS Health Care program of $53.4 million. The decreases in revenues and expenses can be attributed to the transition of the Medical Center to the Maricopa County Special Health Care District on January 1, 2005, and the transfer of the Health Select program (Non-AHCCCS Health Care program) to the Employee Benefits Trust Fund (internal service trust fund) on January 1, 2004. The remaining decreases in revenues and expenses can be attributed to a decrease in membership for the AHCCCS – Acute Health Care program and AHCCCCS – ALTCS Health Care program. Effective September 30, 2005, the AHCCCS—Acute Health Care program and the AHCCCS—ALTCS Health Care program were discontinued by the County. These programs experienced decreasing membership prior to the actual discontinuation in September 2005. Financial Analysis of the County’s Funds As noted earlier, the County uses fund accounting to ensure and demonstrate compliance with financerelated legal requirements. 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, 2005, the governmental funds reported combined fund balances of $813.3 million and an increase in fund balance of $102.0 million over the prior fiscal year. Approximately 96.7 percent of the combined fund balances or $786.4 million is available to meet the County’s current and future needs (unreserved fund balance). The remaining fund balance is reserved for inventories, intergovernmental loans, 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 $428.0 million, while total fund balance reached $431.3 million. This represents an increase in unreserved fund balance from the prior year of $112.1 million, or 35.5 percent. This increase can be attributed to increases in tax revenue of $32.7 million, intergovernmental revenue of $133.5 million, and operating transfers in of $40.6 million. These increases are offset by increases in public safety and health, welfare and sanitation expenditures of $28.9 and $106.2 million respectively. See page 12 for additional information. 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 54.7 percent of the total fiscal year 2005 General Fund expenditures, while total fund balance represents 55.1 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. 10 Management’s Discussion and Analysis (Continued) 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 $76.7 million, of which more than 99 percent is unreserved. This was an increase in total fund balance of $15.3 million, or 24.9 percent, from the prior fiscal year. Although the fund had more expenditures than revenues by $70.2 million, the increase in fund balance can be partially attributed to net transfers of $85.6 million, which was a net increase of $13.3 million over the prior year. Transfers from the General Fund for maintenance of effort were $133.2 million while transfers to the Jail Construction Fund were $47.6 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 Lease Revenue Fund is a debt service fund that accounts for the debt service on the Lease Revenue Bonds, Series 2001; Lease Revenue Refunding Bonds, Series 2003; Lease Trust Certificates, Series 2004; and other long-term obligations. 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, is provided by transfers from the departments who benefited by the refunding bond issue and intergovernmental revenue from the Maricopa County Special Health Care District. Funding for the Lease Trust Certificates, Series 2004, is provided by pledged contributions from various donors that are used to repay Maricopa County for long-term financing pertaining to the Human Services Campus improvements. At the end of the current fiscal year, unreserved fund balance of the Lease Revenue Fund was $36.6 million, while total fund balance was $47.3 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 Classified by Source Governmental Funds (in millions) 2005 Revenues by Source Taxes Intergovernmental Other Totals Amount $556.8 904.2 191.6 $1,652.6 2004 Percent of Total 34% 55 11 100% Amount $524.8 779.0 173.0 $1,476.8 Percent of Total 36% 53 11 100% Increase/(Decrease) % Chg Amount P/Y 6.1% $32.0 125.2 16.1 10.8 18.6 $175.8 11.9 During fiscal year 2005, the County experienced an increase in governmental revenues from the previous year of $175.8 million, an 11.9 percent increase. This increase is attributable to increases in taxes revenue and intergovernmental revenue of $32.0 and $125.2 million respectively. Intergovernmental and taxes revenues comprises 89 percent of total governmental funds revenue. A discussion of each increase follows. Tax revenues increased primarily from property tax revenue of $18.0 million and jail excise tax revenue of $12.6 million. Although the County did not increase the property tax levy rate, an increase in the assessed value and new housing resulted in an additional $18.0 million in revenue. Property tax revenue increases were counterbalanced by the elimination of the debt service property tax levy, as the voter approved General Obligation bonds were fully repaid on July 1, 2004. In fiscal year 2004, the County collected $18.9 million in debt service property tax revenue. Jail excise tax revenue consists of a special sales tax levy created by voter approval for the construction and operation of juvenile and adult detention facilities. See page 10 for additional information. As the revenues generated are contingent on the 11 Management’s Discussion and Analysis (Continued) amount of sales revenue generated in the County, increases in this revenue are the result of a strong economic environment. The increase in intergovernmental revenues was primarily due to disproportionate share revenues of $83.5 million, which are reported in the General Fund. For fiscal year 2005, disproportionate share revenue was withheld from the County’s portion of state sales taxes for indigent patient care. The General Fund recorded revenue for the disproportionate share when remitted from the Maricopa County Special Health Care District. In prior fiscal years, this activity was eliminated in the General Fund as the disproportionate share was transferred from the Medical Center, which also recorded the disproportionate share revenue. The elimination of revenue in the General Fund prevented the same revenue from being double-counted within the same reporting entity. On January 1, 2005, the Medical Center was transitioned to the Maricopa County Special Health Care District, a separate legal entity that is not part of the County’s reporting entity. See page 13. As a result of the transition, disproportionate share revenues are no longer eliminated and are reported in the General Fund as intergovernmental revenues. The intergovernmental revenues increase was also attributable to an increase in the sales tax apportionment of $39.7 million and vehicle license tax apportionment of $7.0 million, as reported in the General Fund. The increases of sales and vehicle license tax apportionment can be attributed to the County’s increasing economic vitality. 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) 2005 2004 Percent Expenditures by Function General government Public safety Health, welfare and sanitation Capital outlay Other Totals Increase/(Decrease) Percent Amount $ 130.1 636.9 of Total 9% 41 Amount $ 118.2 563.7 of Total 8% 41 437.8 205.9 113.3 $ 1,524.0 29 14 7 100% 331.0 248.5 124.2 $ 1,385.6 24 18 9 100% Amount $ 11.9 73.2 $ 106.8 (42.6) (10.9) 138.4 % Chg P/Y 10.1% 13.0 32.3 (17.1) (8.8) 10.0 Expenditures from governmental fund types for fiscal year 2005 increased by $138.4 million, a 10.0 percent increase from the prior year. The most significant changes were in public safety and health, welfare, and sanitation expenditures with increases of $73.2 and $106.8 million, respectively. The increase in public safety was attributed to $54.3 million in additional payroll and personnel expenditures, which are the result of the completion of the jail and justice facilities during the fiscal year and the related staffing costs. Health, welfare and sanitation expenditures increased due to the $83.5 million in disproportionate share monies remitted to the Maricopa County Special Health Care District. In addition, during fiscal year 2005, capital outlay decreased $42.6 million or 17.1 percent. The decrease is primarily related to the County’s capital projects for the jail and justice facilities that were completed during the fiscal year. 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. As of June 30, 2005, the proprietary funds reported combined net assets of ($24.8) million and a decrease in fund balance of ($133.2) million over the prior fiscal year. A majority of the decrease in fund balance, ($108.7) million or 81.6 percent, is attributable to the loss on closure of the Medical Center Fund, as explained below. Of the total fund balance, $1.4 million is invested in capital assets, net of related debt, $7.3 thousand is restricted for debt service, and the remainder is unrestricted. 12 Management’s Discussion and Analysis (Continued) 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. On January 1, 2005, the Medical Center was transitioned to the Maricopa County Special Health Care District, as approved by voters in the November 2003 general election. The Maricopa County Special Health Care District is a separate legal entity that is not part of the County’s reporting entity. As a part of the intergovernmental agreement for the transfer of the Medical Center’s assets and liabilities, $25.7 million in capital assets and $21.8 million in long-term debt were transferred to governmental activities. The remaining assets and liabilities were transitioned to the Maricopa County Special Health Care District, which resulted in a net loss on the closure of the Medical Center of $108.7 million. Additional information regarding the transition of the Medical Center can be found in the Notes to the Financial Statements (Note 11 – Capital Assets, Note 13 – Long-term Liabilities, and Note 22 – Other Matters). The Medical Center Fund operating revenue decreased $221.9 million or 58.3 percent and operating expenses decreased $201.5 million or 54.2 percent from the previous fiscal year. These decreases are attributable to the transition of the Medical Center to the Maricopa County Special Health Care District, as only the financial activity for the six month period until December 31, 2004 was reported by the County. After December 31, 2004, all financial activity related to the Medical Center was reported by the District. The Maricopa Health Plan 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 decreased by $20.6 million or 14.9 percent and consists entirely of charges for services revenue. Expenses also decreased $35.9 million or 21.7 percent and includes a decrease in medical services of $31.5 million. The decrease in revenues and expenses is primarily due to a decrease in membership. On September 30, 2005, the AHCCCS—Acute Health Care program and the AHCCCS— ALTCS Health Care program were discontinued by the County. These programs experienced decreasing membership prior to the actual discontinuation in September 2005. The Maricopa Health Plan Fund had a net operating loss of $14.5 million. During fiscal year 2005, the County General Fund transferred $5.2 million as a subsidy. The Fund’s fiscal year-end net assets balance decreased $9.3 million to ($20.7) million from the prior fiscal year-end. The reduction in net assets is primarily attributable to the operating loss of $14.5 million. 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 $13.6 million or 5.8 percent decrease in operating revenues and a $22.2 million or 8.2 percent decrease in operating expenses from the prior year, resulting in a $26.8 million operating loss for fiscal year 2005. During the fiscal year, the County General Fund transferred $6.9 million as a subsidy. The Fund’s fiscal year-end net assets balance decreased $24.0 million to ($6.8) million from the prior year-end. The reduction in net assets is attributable to operating expenses of $247.6 million that exceed the benefit realized of providing those services (charges for services revenues) of $220.8 million. Operating expenses consists primarily of medical and personal services of $225.3 and $13.9 million, respectively. The following table shows actual revenues, expenses and results of operations for the current fiscal year for all proprietary funds (enterprise funds): 13 Management’s Discussion and Analysis (Continued) Statement of Revenues, Expenses and Changes in Fund Net Assets Proprietary Funds (in millions) Operating revenues Operating expenses Operating loss Nonoperating revenues (expenses), net Loss before transfers and special item Special item – loss on closure of business activity Transfers, net Change in net assets $ $ 518.3 574.9 (56.6) (4.9) (61.5) (108.7) 37.0 (133.2) Increase/(Decrease) Amount % Chg P/Y 2004 2005 $ $ 813.1 888.9 (75.8) (.2) (76.0) 58.3 (17.7) $ $ (294.8) (314.0) 19.2 (4.7) 14.5 (108.7) (21.3) (115.5) (36.3)% (35.3) (25.3) 2,350.0 (19.1) (100.0) (36.5) 652.5 At June 30, 2005, revenues and expenses for business-type activities accounted for 23.9 and 50.4 percent of the County’s total fund-based revenues and expenses, respectively. The Maricopa Integrated Health System comprises 99.9 percent of the proprietary funds operating revenues and expenses. The net loss before transfers and special item of $61.5 million resulted primarily from net losses of $7.8 million from the Medical Center Fund, $14.5 million from the Maricopa Health Plan Fund, $30.9 million from the ALTCS Fund and $8.8 million from the Non-AHCCCS Health Plans Fund. The losses are attributed to capitated revenues that have precluded the Health Plans from increasing their billing rates for services provided. Over the past several years, medical expenses have increased at a faster pace than operating revenues (capitated) resulting in the operating loss. As discussed earlier, the special item resulted from the closure of the Medical Center Fund from the transition of the Medical Center to the Maricopa County Special Health Care District on January 1, 2005. During the fiscal year, the County General Fund transferred $62.8 million in operating subsidies to the Medical Center and the various health care programs. General Fund Budgetary Highlights The difference between the original budget and the final amended budget for the General Fund resulted in an increase in revenue of $83.5 million and a decrease in expenditures of $44.0 million. The revenue increase was a result of the budgeting of disproportionate share revenue received. Disproportionate share revenue was originally budgeted as a transfer in and was re-budgeted as revenue. See page 12 for additional information. The decrease in budgeted expenditures is due to amounts that were originally budgeted as expenditures, but were reclassified as transfers out for subsidies to the County health care programs. Significant favorable expenditure variances, as compared to the budget, were incurred in the General Government Department (general government function) of $150.6 million. The savings were a result of spending from contingency and reserve funds that was less than anticipated. Capital Assets and Long-Term Liabilities Capital Assets The County’s capital assets increased significantly as a result of the retroactive reporting of the Flood Control District’s infrastructure, as required by GASB Statement No. 34. On July 1, 2004, the County restated beginning balances for Flood Control District assets for the period July 1, 1980 through June 30, 2001 for a total restatement of $372.5 million, net of accumulated depreciation. See Note 3 – Beginning Balances Restated for additional information. Infrastructure assets for the Transportation Department were retroactively reported in fiscal year 2002. Thus, all of the County’s infrastructure assets, which consist of the Flood Control District and Transportation Department, are retroactively reported in accordance with GASB Statement No. 34, as of the current fiscal year. Additional information regarding 14 Management’s Discussion and Analysis (Continued) infrastructure assets can be found in the Notes to the Financial Statements (Note 1 – Summary of Significant Accounting Policies and Note 11 – Capital Assets). 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. During fiscal year 2005, the condition level of both systems was within the established condition level. Further, there were no significant differences of the actual maintenance/preservation costs from the estimated costs. See Required Supplementary Information on page 89 for additional information. The County’s capital assets balance for its governmental and business-type activities as of June 30, 2005, were $2.4 billion (net of accumulated depreciation). Capital assets include land, buildings and improvements, infrastructure, machinery and equipment, and construction in progress. Capital assets, net of accumulated depreciation, increased by $26.4 million, or 1.1 percent, from the prior year. Of this amount, $121.6 million, or 460.0 percent, is attributable to governmental activities, and ($95.2) million is related to business-type activities. Capital assets for the governmental and business-type activities are presented below (in millions) to illustrate changes from the prior year: Land Infrastructure Buildings and improvements (net of accumulated depreciation) Machinery and equipment (net of accumulated depreciation) Construction in progress Infrastructure (net of accumulated depreciation) Totals ∗ Governmental Activities 2005 2004* 482.1 461.2 534.8 496.1 Business-type Activities 2005 2004 1.2 2.9 0.0 0.0 2005 483.3 534.8 2004* 464.1 496.1 % Chg P/Y 4.1% 7.8 1.2 Total 1,019.9 950.0 0.0 57.9 1,019.9 1,007.9 66.1 163.3 57.3 175.5 0.3 0.0 27.0 8.9 66.4 163.3 84.3 184.4 (21.2) (11.4) 175.8 2,442.0 180.3 2,320.4 0.0 1.5 0.0 96.7 175.8 2,443.5 180.3 2,417.1 (2.5) 1.1 The governmental activities and total columns’ capital asset amounts for fiscal year 2004 were restated for the retroactive reporting of Flood Control infrastructure assets as part of the phased implementation requirements of GASB Statement No. 34 and prior period corrections for Flood Control and Transportation infrastructure assets (see Note 3 and Note 11 to the financial statements for additional information). The most significant impact on the increase in governmental activities capital assets for the fiscal year ended June 30, 2005, was the ongoing construction of the administrative, justice, and adult and juvenile detention facilities. For these facilities, current year expenditures were $68.9 million. Further, during fiscal year 2005, 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. The total completed projects capitalized as buildings for the fiscal year was $80.2 million. Infrastructure assets also significantly impacted the total net capital assets of governmental activities. The Transportation Department and the Flood Control District infrastructure-related asset additions for land, infrastructure, and construction in progress, were $22.1, $47.4, and $56.2 million, respectively. Capital assets for business-type activities decreased $95.2 million, which can be attributed to the transfer of the Medical Center to the Maricopa County Special Health Care District, a separate legal entity that is not part of the County’s reporting entity. On January 1, 2005, the Medical Center, a major enterprise fund, was transferred to the Maricopa County Special Health Care District. Total assets for the Medical Center prior to the transfer were $89.9 million. Of this amount, $64.2 million was transitioned to the Maricopa County Special Health Care District and $25.7 million was transferred to County-wide capital assets (governmental activities), pursuant to the intergovernmental agreement between the County and the Maricopa County Special Health Care District. Additional information regarding the transfer of the Medical Center assets can be found in the Notes to the Financial Statements (Note 11 – Capital Assets and Note 22 – Other Matters). 15 Management’s Discussion and Analysis (Continued) Long-Term Liabilities At June 30, 2005, the County had total long-term liabilities (noncurrent liabilities due within one year and more than one year) outstanding of $271.4 million, which represents a $25.6 million decrease from the restated prior year balance of $297.0 million. The majority of the decrease is attributable to debt service payments made during the fiscal year 2005 for the County’s general obligation bonds ($20.2 million), Stadium District revenue bonds ($2.5 million), and Stadium District contractual obligations ($2 million). The largest components of long-term liabilities at June 30, 2005, consisted of lease revenue bonds $101,101,501, Stadium District revenue bonds - $52,735,000, and reported claims and incurred but not reported claims - $54,571,486. Maricopa County’s most current bond rating is from Fitch Ratings and dated November 11, 2003. At that time, Fitch Ratings upgraded the County’s certificate of participation and lease revenue bond ratings to AA from AA-. At June 30, 2005, the County does not have any general obligation bonds outstanding. 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 predominately unrestricted. At June 20, 3005, the fund balance in the Lease Revenue Fund to pay future liabilities was $47,296,035. 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 $52,735,000 remains outstanding. Claims and judgments payable of $10.5 million are estimated long-term liabilities for claims pertaining to environmental liabilities. Claims and judgments payable decreased by $9.5 million from the prior year primarily related to environmental liabilities. Claims and judgments payable are paid from the General Fund. Reported and incurred but not reported claims applicable to governmental activities of $54.6 million are reported in the Risk Management and Employee Benefits Trust funds (internal service funds). This is an increase of $6.9 million from the prior year primarily related to actuarial estimates for the County’s selfinsured portion of future claims for general litigation related to torts; thefts 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 Financial Statements (Note 13 – Long-Term Liabilities and Note 17 – Risk Management). Economic Factors and Next Year’s Budget and Rates • Arizona’s economy is projected to grow at a faster rate than the nation in 2006 and 2007, according to the Arizona Department of Economic Security. The State of Arizona expects payroll jobs to grow at 4.5 percent during the forecast period (www.workforce.az.gov). • 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 3.9 percent from fiscal year 2004 to 2005 (www.census.gov). The unemployment rate in Maricopa County, according to Arizona’s Workforce, in September 2006 was 3.2 percent, which remains below both the state average of 3.7 percent and national average of 4.6 percent (www.workforce.az.gov). The job outlook is promising and Arizona is on track to add an additional 125,000 new jobs this year (www.workforce.az.gov). 16 Management’s Discussion and Analysis (Continued) • As reported by the U.S. Census Bureau, Maricopa County’s population increased 15.8 percent from April 1, 2000 to July 1, 2005, which is higher than the United States overall population increase of 5.3 percent for the same time period. This suggests that more people are migrating to Arizona than to most other states (www.quickfacts.census.gov). • The City of Phoenix (within Maricopa County) was rated number 10 in terms of the best “metros” for future business locations by Expansion Management. The site location was based upon the likelihood of a company’s success in any given metro location. Determinates included demographics, financial, taxes, cultural, etc. (www.expansionmanagement.com). 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 2006 budget and tax rate. It was based on the following assumptions: • On January 1, 2005, the Medical Center was transitioned to a Maricopa County Special Health Care District, a separate legal entity. The voters of Maricopa County approved the new district on November 4, 2003. After fiscal year 2005, the Medical Center will no longer be included in the County’s reporting entity. • 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 of the jail facilities were completed in fiscal year 2005 and will be fully operational in fiscal year 2006. • In prior years, the County had absorbed many program costs from the State of Arizona as a result of State budget deficits. In fiscal year 2006, it is anticipated that the State of Arizona will be returning approximately $20.5 million of the prior year program costs that were passed onto the County. Even though the growth and demand for services is high, the property tax rate for the fiscal year 2006 budget was reduced to 1.4611 from the fiscal year 2005 tax levy rate of 1.4748. At the end of the fiscal year, unreserved fund balance for the General Fund was $428.0, or 54.7 percent of total General Fund expenditures. Unreserved fund balance increased by almost 35.5 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. 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. Debt Service Funds Lease Revenue Fund – accounts for the debt service on the Lease Revenue Bonds, Series 2001; the Lease Revenue Refunding Bonds, Series 2003; Lease Trust Certificates, Series 2004; and other longterm obligations. Funding is provided by transfers from the General Fund, intergovernmental revenue from the Maricopa County Special Health Care District, a separate legal entity, and pledged contributions from various donors for the Human Services Campus.. 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). 22 Maricopa County Statement of Net Assets June 30, 2005 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 Internal balances Due from other governmental units Inventories Prepaids Deferred costs Miscellaneous Intergovernmental loans Advances to other funds Cash and investments held by trustee – restricted Capital assets: Land Buildings and improvements Machinery and equipment Infrastructure – nondepreciable Infrastructure – depreciable Construction in progress (Accumulated depreciation) $ Total assets 2,085,023 790,590,879 20,242,491 15,341,348 190,282,099 7,156,614 2,978,624 3,644,801 4,132,511 340,064 73,000 43,531,742 482,071,568 1,242,586,482 191,839,946 534,834,243 224,835,151 163,344,073 (397,537,528) $ 500 27,644,949 27,180,519 (15,341,348) 16,015,685 11,694 7,277 1,187,486 63,562 12,856,432 $ 2,085,523 818,235,828 47,423,010 $ 1,061,527 6,654,436 190,282,099 7,156,614 18,994,309 3,644,801 4,144,205 340,064 73,000 43,539,019 104,040 6,093 (12,602,623) 483,259,054 1,242,650,044 204,696,378 534,834,243 224,835,151 163,344,073 (410,140,151) 4,830,082 38,332,221 577,262 2,394,539 (23,728,817) 3,522,373,131 57,024,133 3,579,397,264 30,231,383 72,111,735 5,841,179 60,155,739 2,936,034 9,958,484 1,675,462 22,411 711 60,229,660 82,070,219 7,516,641 60,178,150 2,936,745 60,229,660 45,039,538 10,377,647 1,334,556 228,775 LIABILITIES 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 45,039,538 10,377,647 1,334,556 114,096 151,608 45,480,771 215,975,315 459,252,514 351,539 9,627,949 81,866,216 45,832,310 225,603,264 541,118,730 361,015 855,494 2,345,910,917 1,388,358 2,347,299,275 22,405,287 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 10,476,044 142,384,026 55,048,755 4,061,822 27,358,303 21,166,090 456,714,660 $ 3,063,120,617 The notes to the financial statements are an integral part of this statement. 23 $ 7,277 (26,237,718) 10,476,044 142,384,026 55,048,755 4,061,822 27,358,303 21,173,367 430,476,942 (24,842,083) $3,038,278,534 6,970,602 $ 29,375,889 Maricopa County Statement of Activities For the Fiscal Year Ended June 30, 2005 Charges for Services Expenses Functions/Programs Primary government: 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 $ 157,764,168 685,762,001 63,014,453 439,784,002 33,068,497 18,397,229 7,827,876 1,405,618,226 $ 37,213,997 84,213,640 6,550,179 28,100,481 8,954,896 2,383,943 Program Revenues Operating Grants and Contributions $ 5,240,299 82,607,908 99,354,804 178,886,790 1,233,132 15,093,525 Capital Grants and Contributions $ 5,216,799 171,116 33,629,384 167,417,136 382,416,458 39,017,299 168,986,980 158,640,394 2,501,372 19,944 132,314,013 117,680,705 220,784,342 21,213,776 518,319,217 $ 685,736,353 2,501,372 $ 384,917,830 $ 19,944 39,037,243 $ $ $ $ $ $ 446,964 446,964 Business-type activities: Medical Center Arizona Health Care Cost Containment System (AHCCCS) – Acute Health Care program AHCCCS – Arizona Long-Term Care System (ALTCS) program Other business-type activities Total business-type activities Total primary government $ 252,178,102 29,911,332 583,390,427 1,989,008,653 Component unit: Housing Authority Total component unit $ $ 16,919,411 16,919,411 General revenues: Taxes: Property taxes, levied for general purposes Property taxes, levied for Flood Control District Property taxes, levied for Library District 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 Loss on disposal of capital assets Miscellaneous Special item – loss on closure of business activity Transfers Total general revenues, special item, 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 1,451,297 1,451,297 14,879,110 14,879,110 Governmental Activities $ Net (Expense) Revenue and Changes in Net Assets Primary Government Business-Type Activities (110,093,073) (518,769,337) 76,519,914 (232,796,731) (22,880,469) (919,761) (7,827,876) (816,767,333) 357,712,304 56,093,885 15,796,618 397,712,843 119,143,064 6,024,355 122,637,827 1,813,162 20,995,575 (18,666,719) 4,262,227 $ (37,047,610) 1,046,477,531 229,710,198 2,833,410,419 3,063,120,617 Total $ (110,093,073) (518,769,337) 76,519,914 (232,796,731) (22,880,469) (919,761) (7,827,876) (816,767,333) (816,767,333) (7,825,270) (7,825,270) (14,633,308) (14,633,308) (31,393,760) (8,697,556) (62,549,894) (62,549,894) (31,393,760) (8,697,556) (62,549,894) (879,317,227) 1,002,779 $ (108,765,405) 37,047,610 (70,715,016) (133,264,910) 108,422,827 (24,842,083) Component Unit Housing Authority $ $ $ (142,040) (142,040) $ (142,040) 29,517,929 29,375,889 357,712,304 56,093,885 15,796,618 397,712,843 119,143,064 6,024,355 122,637,827 1,813,162 21,998,354 (18,666,719) 4,262,227 (108,765,405) 975,762,515 96,445,288 2,941,833,246 $ 3,038,278,534 25 Maricopa County Balance Sheet Governmental Funds June 30, 2005 JAIL OPERATIONS GENERAL LEASE REVENUE 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 Intergovernmental loans Advances to other funds Cash and investments held by trustee - restricted Total assets $ 88,800 340,566,410 11,190,389 22,932,309 86,078,240 2,914,660 524,649 340,064 73,000 $ 480,550 61,408,724 358,771 $ $ 464,708,521 $ 87,208,418 $ $ 14,991,879 11,152,634 1,049,976 $ 6,054,362 4,403,258 662 $ 34,453,989 5,014,498 24,851,967 108,406 25,398,791 23,030,717 87,897,995 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 3,391 2,684,735 9,693,434 6,236,578 Fund balances: Reserved for: Inventories Intergovernmental loans 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 28,223,791 33,431,067 10,461,673 2,914,660 306,058 60,834 108,406 40,601,960 10,652,548 427,995,902 76,638,339 431,277,454 $ 464,708,521 36,643,487 47,296,035 76,746,745 $ 87,208,418 $ 87,897,995 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, 2005, and, 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 TOTAL GOVERNMENTAL FUNDS OTHER GOVERNMENTAL FUNDS $ $ $ 1,514,373 289,119,371 3,435,983 65,399 53,953,101 2,328,218 887,058 20,501,025 371,804,528 47,647,311 5,065,684 4,789,277 5,062,153 10,374,256 9,468 $ $ $ 28,533 39,489,797 1,334,556 113,801,035 2,328,218 68,693,552 20,621,576 5,839,915 5,062,153 10,377,647 2,694,203 9,693,434 28,533 73,950,166 1,334,556 198,295,735 5,351,284 306,058 60,834 21,166,090 10,513,542 427,995,902 192,187,526 129,612,546 36,643,487 813,323,727 115,549,187 129,612,546 258,003,493 $ 2,083,723 725,548,494 19,999,641 22,997,708 190,282,099 5,351,284 1,411,707 340,064 73,000 43,531,742 1,011,619,462 371,804,528 2,437,909,561 28,910,628 $ 15,400,001 (232,423,300) 3,063,120,617 27 Maricopa County Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds For the Fiscal Year Ended June 30, 2005 JAIL OPERATIONS GENERAL LEASE REVENUE REVENUES Taxes $ 360,027,509 $ 119,143,064 $ 1,494,042 Licenses and permits 615,339,839 Intergovernmental Charges for services 26,032,203 Fines and forfeits 15,719,102 21,163,928 2,036,361 Special assessments 15,191,288 965,652 5,583,061 1,033,803,983 141,272,644 7,619,422 Miscellaneous Total revenues EXPENDITURES Current: General government 124,790,210 Public safety 317,499,237 200,538,280 Highways and streets 316,750,316 Health, welfare and sanitation Culture and recreation 1,245,500 Education 1,920,743 Debt service: Principal 11,079,415 Interest 5,373,924 Other expenditures 20,373,536 10,912,221 Total expenditures 782,579,542 211,450,501 Excess (deficiency) of revenues over expenditures 251,224,441 (70,177,857) Capital outlay 16,453,339 (8,833,917) OTHER FINANCING SOURCES (USES) 40,673,453 Transfers in 133,176,891 (188,318,110) Transfers out 4,132,719 (47,591,538) (33,008,452) (139,260,002) 85,585,353 (28,875,733) 111,964,439 15,407,496 (37,709,650) 318,305,892 61,455,108 85,005,685 8,384,655 Capital lease agreements Proceeds from bond issuance Total other financing sources (uses) Net change in fund balances Fund balances at beginning of year 1,007,123 Increase (decrease) in reserve for inventories Fund balances at end of year $ 431,277,454 The notes to the financial statements are an integral part of this statement. 28 (115,859) $ 76,746,745 $ 47,296,035 OTHER GOVERNMENTAL FUNDS $ 77,581,237 TOTAL GOVERNMENTAL FUNDS $ 556,751,810 33,271,590 34,765,632 265,616,038 904,156,166 48,703,554 74,735,757 6,136,275 21,855,377 3,536,133 3,536,133 35,098,887 56,838,888 469,943,714 1,652,639,763 5,274,501 130,064,711 118,831,166 636,868,683 48,811,843 48,811,843 121,095,489 437,845,805 20,901,413 22,146,913 16,093,878 18,014,621 4,597,644 15,677,059 3,218,601 8,592,525 11,870 11,870 174,644,028 205,929,785 513,480,433 1,523,963,815 (43,536,719) 128,675,948 168,566,684 346,549,747 (126,140,079) (395,058,179) 12,000,000 12,000,000 54,426,605 (28,123,777) 8,384,655 10,889,886 100,552,171 246,577,964 711,344,649 535,643 $ 258,003,493 1,426,907 $ 813,323,727 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, 2005 Net change in fund balances – total governmental funds (page 29) $ 100,552,171 Amounts reported for governmental activities in the Statement of Activities pages 2425 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. 118,759,739 The net effect of various miscellaneous transactions involving capital assets (i.e., sales, trade-ins, and donations) is to decrease net assets. 1,977,246 Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the funds. 8,666,288 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. (20,563,448) 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. This amount is the net effect of differences in recognition of expenses and expenditures. 7,654,386 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. 12,663,816 Change in net assets of governmental activities (page 25) The notes to the financial statements are an integral part of this statement. 30 $ 229,710,198 31 Maricopa County Statement of Net Assets Proprietary Funds June 30, 2005 BUSINESS-TYPE ACTIVITIES ENTERPRISE FUNDS MARICOPA HEALTH PLAN OTHER ENTERPRISE FUNDS ALTCS ASSETS Current assets: Cash in bank and on hand Cash and investments held by County Treasurer Receivables: Accounts Accrued interest Inventories Prepaids Miscellaneous Total current assets $ $ $ 12,692,616 15,031,280 500 14,952,333 12,079,962 69,277 Noncurrent assets: Restricted: Investments held by trustee Capital assets: Land Buildings and improvements Machinery and equipment Less accumulated depreciation Total noncurrent assets 9,838,220 5,520,005 24,869,500 30,292,583 657,460 11,694 15,691,264 7,277 Total assets 3,383,332 (3,383,332) 6,967,447 (6,818,285) 149,162 1,187,486 63,562 2,505,653 (2,401,006) 1,362,972 24,869,500 30,441,745 17,054,236 1,200,544 8,137,784 1,113,200 555,167 14,324,346 28,900,000 28,509,403 620,156 22,411 7,095 711 1,017,002 2,820,257 LIABILITIES Current liabilities: Vouchers payable Employee compensation payable Accrued liabilities Interest payable Due to other funds Medical claims payable Leases payable (current portion) Lease revenue bonds payable (current portion) Advances from other funds (current portion) Liability for reported and incurred but not reported claims (current portion) Liability for closure and postclosure costs (current portion) Total current liabilities 6,566 12,166 45,538,090 332,807 4,839,171 37,202,354 Noncurrent liabilities: Leases payable Lease revenue bonds payable Advances from other funds Liability for reported and incurred but not reported claims Liability for closure and postclosure costs Total noncurrent liabilities 36,933 60,834 9,530,182 9,627,949 Total liabilities 45,538,090 37,202,354 14,467,120 149,162 1,239,196 7,277 1,340,643 2,587,116 NET ASSETS Invested in capital assets, net of related debt Restricted for debt service Unrestricted (deficit) Total net assets $ The notes to the financial statements are an integral part of this statement. 32 (20,668,590) (20,668,590) $ (6,909,771) (6,760,609) $ GOVERNMENTAL ACTIVITIES INTERNAL SERVICE FUNDS TOTALS $ 500 27,644,949 $ 27,111,242 69,277 1,300 65,042,385 242,850 1,805,330 2,978,624 2,720,804 72,791,293 16,015,685 11,694 70,853,347 7,277 1,187,486 63,562 12,856,432 (12,602,623) 1,512,134 323,649 8,216,739 (4,476,014) 4,064,374 72,365,481 76,855,667 9,958,484 22,411 1,675,462 711 15,341,348 60,229,660 3,418,183 635,656 1,264 2,594,207 81,440 6,566 12,166 24,230,882 332,807 87,579,615 30,961,632 153,430 36,933 60,834 30,340,604 $ 9,530,182 9,627,949 30,494,034 97,207,564 61,455,666 1,388,358 7,277 (26,237,718) (24,842,083) 3,829,504 11,570,497 15,400,001 $ 33 Maricopa County Statement of Revenues, Expenses, and Changes in Fund Net Assets Proprietary Funds For the Fiscal Year Ended June 30, 2005 BUSINESS-TYPE ACTIVITIES ENTERPRISE FUNDS MEDICAL CENTER OPERATING REVENUES Net patient service revenue Charges for services Intergovernmental charges Miscellaneous Total operating revenues $ OPERATING EXPENSES Personal services Supplies Medical services Other services Legal Insurance Leases and rentals Repairs and maintenance Travel and transportation Utilities Depreciation Miscellaneous Total operating expenses Operating income (loss) 154,393,451 $ $ 220,784,342 4,246,943 158,640,394 117,680,705 220,784,342 99,950,291 29,066,131 14,367,731 6,504,367 10,576,500 645,721 116,637,153 26,516 13,902,390 1,063,062 225,330,673 2,874,521 2,264,361 2,631,568 645,565 840,647 2,205,906 6,491,561 4,643,242 168,125,158 (9,484,764) Income (loss) before contributions, special item, and transfers 112,626 489,636 (2,796,131) (4,604,506) 1,659,494 (2,683,505) (4,114,870) (7,825,270) (14,520,682) (30,904,124) 5,187,415 6,902,168 (9,333,267) (24,001,956) (108,765,405) 35,397,881 (25,713,474) (106,906,268) 106,906,268 $ $ The notes to the financial statements are an integral part of this statement. 34 3,164,273 398,030 247,573,596 (26,789,254) 986,427 129,517,882 (11,837,177) 2,501,372 19,944 (861,822) Capital contributions Special item – loss on closure of business activity Transfers in Transfers out Change in net assets ALTCS 117,680,705 NONOPERATING REVENUES (EXPENSES) Grant revenues Investment income Interest expense Premium tax Gain (loss) on disposal of capital assets Total nonoperating revenues (expenses) Total net assets (deficit) – beginning Total net assets (deficit) – ending MARICOPA HEALTH PLAN (11,335,323) (20,668,590) $ 17,241,347 (6,760,609) OTHER ENTERPRISE FUNDS $ GOVERNMENTAL ACTIVITIES INTERNAL SERVICE FUNDS TOTALS 21,099,712 $ 154,393,451 359,564,759 114,064 21,213,776 4,361,007 518,319,217 1,005,986 1,625,893 26,917,004 46,559 125,435,167 32,400,807 383,252,561 9,451,963 27,693 3,778,266 2,631,568 $ 89,214,963 9,983,003 114,975 99,312,941 7,101,364 11,099,342 5,140,939 6,845,582 54,285,008 1,890,671 2,786,431 35,218 5,420,899 854,708 1,904 51,669 27,298 29,704,006 (8,490,230) 2,207,810 9,707,503 6,054,997 574,920,642 (56,601,425) 400,517 (207,326) 2,501,372 1,022,723 (1,069,148) (7,400,637) 193,191 (4,945,690) (43,282) 1,119,066 (8,297,039) (61,547,115) 4,971,845 95,460,162 3,852,779 1,234,812 (72,464) 156,572 (108,765,405) 62,761,084 (25,713,474) (133,264,910) 15,273,620 6,976,581 $ (4,389,465) 2,587,116 $ 108,422,827 (24,842,083) 7,545,007 (9,608) 12,663,816 2,736,185 15,400,001 $ 35 Maricopa County Statement of Cash Flows Proprietary Funds For the Fiscal Year Ended June 30, 2005 BUSINESS-TYPE ACTIVITIES ENTERPRISE FUNDS MEDICAL CENTER CASH FLOWS FROM OPERATING ACTIVITIES Cash receipts from contractors, patients and other payors Charges for services Receipts from other governments for services provided Payments for goods and services Payments for personal services Other receipts and payments Net cash provided by (used for) operating activities $ $ 225,970,348 (243,540,889) (13,233,695) (12,696,809) (30,804,236) 5,187,415 6,902,168 (2,540,061) (4,704,196) 2,647,354 2,197,972 19,944 19,944 112,626 112,626 487,545 487,545 (2,358,527) (9,936,829) (28,118,719) 2,358,527 9,936,829 (21,864,991) (6,336,001) (12,099,398) (2,495,434) (1,995,113) (1,104,884) (5,595,431) CASH FLOWS FROM INVESTING ACTIVITIES Interest and dividends Net cash provided by investing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents, July 1, 2004 SCHEDULE OF NONCASH INVESTING, CAPITAL AND NONCAPITAL FINANCING ACTIVITIES – Debit (Credit) Accumulated depreciation from disposed capital assets Machinery and equipment disposed Loss on disposal of capital assets Capital assets acquired Capital leases payable Vouchers payable Capital contributions Capital assets transferred from governmental activities Accumulated depreciation transferred to governmental activities Capital assets transferred to governmental activities Transfer out capital assets to governmental activities Transfer in long-term debt to governmental activities Current portion of long-term debt transferred to governmental activities Long-term debt transferred to governmental activities 123,164,797 ALTCS (126,139,448) (9,722,158) 2,501,372 13,600,222 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Purchase of capital assets Capital lease payments Principal payments on long-term debt Interest payments on long-term debt Net cash used for capital and related financing activities RECONCILIATION OF OPERATING INCOME (LOSS) TO NET CASH PROVIDED BY BY (USED FOR) OPERATING ACTIVITIES PROVIDED 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 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 Net cash provided by (used for) operating activities $ (74,048,055) (86,724,671) (22,453) 15,316,358 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Advances from General Fund Grant receipts Cash transfers from other funds Interest payments Loan payments to General Fund Premium tax Cash transferred to Maricopa County Special Health Care District Net cash provided by (used for) noncapital financing activities Cash and cash equivalents, June 30, 2005 176,111,537 MARICOPA HEALTH PLAN $ $ $ (9,484,764) $ (11,837,177) 40,811,335 $ 12,692,616 $ (26,789,254) 6,491,561 3,164,273 22,050,040 5,509,974 7,407,830 5,243,509 6,051,523 (6,227,235) 13,260 937,622 16,976,293 25,421 6,308,258 (508,127) (8,720,957) (1,766,558) (12,932,217) 728,001 (27,085,484) 191,056 295,899 (4,227,434) $ 15,316,358 $ $ 1,731,368 (390,884) (1,340,484) 18,950,951 (44,664,425) 25,713,474 (21,797,659) 2,041,917 19,755,742 The notes to the financial statements are an integral part of this statement. 36 $ (12,696,809) $ $ (30,804,236) OTHER ENTERPRISE FUNDS TOTALS 21,577,202 $ 525,246,682 21,577,202 (47,107,138) (999,661) 114,064 (26,415,533) (490,835,530) (110,680,185) 91,611 (54,600,220) $ GOVERNMENTAL ACTIVITIES INTERNAL SERVICE FUNDS $ 88,276,550 10,361,534 (81,961,461) (7,103,041) 46,391 9,619,973 2,594,207 26,055,551 2,501,372 51,963,425 (205,903) (21,877,157) (7,244,257) (6,336,001) 18,801,479 (219,878) (2,715,312) (32,830) (2,103) (254,811) (2,027,943) (1,106,987) (5,850,242) (8,702) (1,659,362) 400,714 400,714 1,020,829 1,020,829 1,175,038 1,175,038 (214,079) (40,628,154) 17,429,415 15,174,189 68,280,880 26,273,620 (205,903) (12,166) 7,545,007 (63,762) (1,781,686) 8,293,766 (1,538,650) (112,010) 47,614,270 $ 14,960,110 $ 27,652,726 $ 65,043,685 $ (8,490,230) $ (56,601,425) $ 3,852,779 51,669 9,707,503 (768,856) (768,856) 477,490 4,470,166 33,281,013 17,929,519 191,056 10,992,381 2,565,579 6,978,661 6,325 (6,214,322) (37,263,723) (4,227,434) (31,194,848) 243,323 2,526,898 (563,118) 6,325 (3,939,637) (15,610,549) (4,837,365) 854,708 3,621,540 (455,855) (134,239) (936,585) (453,728) (1,677) (5,153) 3,278,183 $ $ 18,351 (26,415,533) 191,455 (191,455) $ $ 18,351 (54,600,220) 191,455 (191,455) $ 9,619,973 $ 138,727 (182,009) 43,282 1,731,368 (390,884) (1,340,484) 18,950,951 (44,664,425) 25,713,474 (21,797,660) 2,041,918 19,755,742 (156,572) 156,572 72,666 (82,274) 9,608 37 Maricopa County Statement of Fiduciary Net Assets Fiduciary Funds June 30, 2005 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 $ $ 1,842,248,762 8,137,599 1,850,386,361 Liabilities Deposits held for other parties Total liabilities Net Assets Held in trust for investment participants AGENCY FUND 35,901,326 $ $ 1,850,386,361 The notes to the financial statements are an integral part of this statement. 38 35,901,326 35,901,326 35,901,326 Maricopa County Statement of Changes in Fiduciary Net Assets Fiduciary Funds For the Fiscal Year Ended June 30, 2005 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 $ 10,833,818,276 37,238,947 (5,102,138) 32,136,809 10,865,955,085 Deductions: Distributions to participants Total deductions 10,508,150,321 10,508,150,321 Change in net assets Net assets – beginning Net assets – ending 357,804,764 1,492,581,597 1,850,386,361 $ The notes to the financial statements are an integral part of this statement. 39 40 Financial Section Basic Financial Statements - Notes Maricopa County Basic Financial Statements – Notes 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 INTERGOVERNMENTAL LOANS NOTE 11 CAPITAL ASSETS NOTE 12 CONSTRUCTION AND OTHER SIGNIFICANT COMMITMENTS NOTE 13 LONG-TERM LIABILITIES NOTE 14 MUNICIPAL LANDFILL CLOSURE AND POSTCLOSURE CARE COSTS NOTE 15 MUNICIPAL REVOLVING LINE OF CREDIT AND IRREVOCABLE STANDBY LETTER OF CREDIT NOTE 16 OPERATING LEASES NOTE 17 RISK MANAGEMENT NOTE 18 EMPLOYEE RETIREMENT PLANS NOTE 19 INTERFUND BALANCES AND ACTIVITY NOTE 20 DISPROPORTIONATE SHARE SETTLEMENT NOTE 21 MEDICAL CENTER FUND’S OPERATING REVENUES NOTE 22 OTHER MATTERS NOTE 23 SUBSEQUENT EVENTS OF GOVERNMENT-WIDE 43 AND FUND FINANCIAL Maricopa County Notes to the Financial Statements For the Fiscal Year Ended June 30, 2005 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). For the year ended June 30, 2005, the County implemented the provisions of GASB Statement No. 34, Basic Financial Statements─Management’s Discussion and Analysis─for State and Local Governments that requires at the applicable transition date the retroactive capitalization and reporting of all major general infrastructure assets. Also, during the year ended June 30, 2005, the County implemented the provisions of GASB Statement No. 40, Deposit and Investment Risk Disclosures. GASB Statement No. 40 establishes and modifies the risk disclosures about the County’s deposits and investments. The implementation of GASB Statement No. 40 requires only additional disclosures, and had no effect on reported amounts for deposits, investments, net assets, or changes in net assets. 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, tax-levying 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, tax-levying 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. 44 Notes to the Financial Statements (Continued) 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 has issued certificates of participation, lease revenue bonds, and lease trust certificates 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. 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 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 45 Notes to the Financial Statements (Continued) 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 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, unrestricted grant revenues, 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. 46 Notes to the Financial Statements (Continued) 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. 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 service revenues, 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 Lease Revenue Fund – accounts for the debt service on the Lease Revenue Bonds, Series 2001; the Lease Revenue Refunding Bonds, Series 2003; Lease Trust Certificates, Series 2004; and other long-term obligations. Funding is provided by transfers from the General Fund, intergovernmental revenue from the Maricopa County Special Health Care District, a separate legal entity, and pledged contributions from various donors for the Human Services Campus. 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). 47 Notes to the Financial Statements (Continued) The County also 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 fund – accounts for pooled assets held and invested by the County Treasurer on behalf of other governmental entities. The agency fund – accounts 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 The County accounts for its inventories in the governmental funds using the purchase method. 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. 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 are depreciated using the straight-line method over the following estimated useful lives: ESTIMATED USEFUL LIFE (IN YEARS) TYPE OF ASSETS Buildings Infrastructure Autos and trucks Other equipment PRIMARY GOVERNMENT 20 50 25 50 3 10 3 20 DISCRETELY PRESENTED COMPONENT UNIT 20 30 7 7 All infrastructure assets are reported on the government-wide financial statements. Infrastructure maintained by the County Department of Transportation consists of roadways, bridges and related assets. 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 49 Notes to the Financial Statements (Continued) 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 Department of Transportation’s infrastructure assets owned prior to fiscal year 2002, the County estimated their historical cost. 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 by the U.S. Department of Transportation, Federal Highway Administration, Office of Program Administration and Office of Infrastructure. On July 1, 2004, the County retroactively reported Flood Control District infrastructure assets owned and acquired from July 1, 1980 to June 30, 2001, in compliance with GASB Statement No. 34. See Note 3 – Beginning Balances Restated for additional information. Flood Control District infrastructure assets are accounted for using the straight-line depreciation method with a useful life between 25 and 50 years. For infrastructure assets owned prior to fiscal year 2002, the County used internal records, maintained by the department, to estimate Flood Control’s historical cost for these assets. 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, therefore, are reported as a current liability on the government-wide financial statements. NOTE 2 – REPORTING CHANGES Beginning in fiscal year 2005, the County established the Sheriff Jail Enhancement (special revenue fund), Sheriff RICO (special revenue fund), and the Trip Reduction (special revenue fund) Funds. All are nonmajor governmental funds. The Child Support Automation (special revenue fund), General Obligation (debt service fund), and Major League Stadium (capital projects fund) Funds were eliminated, as there was no activity to report for fiscal year 2005. 50 Notes to the Financial Statements (Continued) NOTE 3 – BEGINNING BALANCES RESTATED On July 1, 2004, Maricopa County restated governmental activities capital assets balances to comply with GASB Statement No. 34 requiring retroactive capitalization of infrastructure assets. As such, the County retroactively reported all Flood Control infrastructure assets for the period July 1, 1980 to June 30, 2001. The capitalization amount was based on estimated historical cost. The depreciation amount for these assets was calculated using the straight-line method and useful lives between 25 and 50 years. As a result of the GASB 34 implementation, capital assets beginning balances were adjusted by $416,952,842. This includes $224,108,356 in completed infrastructure, $5,394,767 in construction in progress, and $187,449,719 in land. Beginning balance accumulated depreciation was adjusted by $44,477,180 for depreciation related to these assets. In addition, the County restated beginning capital assets balances for corrections of prior periods resulting from infrastructure assets that were omitted or misclassified. The total restatement for prior period corrections related to Flood Control was $2,271,450, which includes $58,969 in land, $1,633,161 in construction in progress, and $579,320 in completed infrastructure. On July 1, 2004, Maricopa County also restated governmental activities capital assets balances for corrections of prior periods resulting from Transportation infrastructure assets that were omitted in prior periods. The total restatement for prior period corrections related to Transportation was $45,312,455. Net assets as restated for Governmental Activities for the Flood Control District and the Department of Transportation are as follows: Net Assets reported as of June 30, 2004 Flood Control adjustments: Increase for infrastructure land Increase for infrastructure construction in progress Increase for infrastructure completed assets Decrease for accumulated depreciation Flood Control adjusted net assets $ 2,413,350,852 $ 187,508,688 7,027,928 224,687,676 (44,477,180) 374,747,112 Transportation adjustments: Increase for infrastructure land Increase for infrastructure completed assets Transportation adjusted net assets $ Net assets as of July 1, 2004, as restated $ 2,833,410,419 $ 5,732,671 39,579,784 45,312,455 On July 1, 2004, the Housing Authority, a discretely presented component unit, restated beginning net assets for the following: capital assets disposed of in the prior period, but not removed of $1,877,301; write-off of accounts receivable for expenditures denied by the Department of Housing and Urban Development of $441,316; adjustment for a note receivable that was not recorded in the prior period of $2,065,000; and elimination of interest receivable that was deemed to be uncollectible of $410,433. The beginning net assets of the Housing Authority Component Unit were adjusted for the above as follows: Housing Authority net assets as of June 30, 2004 Adjust to eliminate prior period capital assets (net) Write-off accounts receivable Adjust for note receivable not reported in prior period Write-off interest receivable Housing Authority net assets as of July 1, 2004, as restated 51 $ $ 30,181,979 (1,877,301) (441,316) 2,065,000 (410,433) 29,517,929 Notes to the Financial Statements (Continued) NOTE 4 – RECONCILIATION OF GOVERNMENT-WIDE AND FUND FINANCIAL STATEMENTS The Governmental Funds Balance Sheet includes the 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 $ 813,323,727 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, 2005 $ 482,071,568 1,242,262,833 183,623,207 759,669,394 163,344,073 (393,061,514) $ 2,437,909,561 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, 2005 Deferred revenue for grant revenues receivable at June 30, 2005 Deferred revenue for contributions received at June 30, 2005 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. $ $ 7,434,115 18,651,513 2,825,000 28,910,628 $ 15,400,001 $ (91,793,067) (10,812,000) (5,115,000) (52,735,000) (4,428,888) (206,925) 3,644,801 (7,172,286) (13,272,763) (892,254) (10,499,580) (38,898,507) (241,831) (232,423,300) Some long-term liabilities and compensated absences are not due and payable shortly after June 30, 2005, and therefore, are not reported in the funds. Noncurrent lease revenue bonds due in more than one year at June 30, 2005 Lease trust certificates due in more than one year at June 30, 2005 Certificates of participation due in more than one year at June 30, 2005 Stadium District revenue bonds payable at June 30, 2005 Stadium District contractual obligations payable at June 30, 2005 Special assessment debt with governmental commitment payable at June 30, 2005 Deferred issuance cost at June 30, 2005 Bond premium payable at June 30, 2005 Governmental funds capital leases payable at June 30, 2005 Governmental funds installment purchase agreements payable at June 30, 2005 Claims and judgments payable at June 30, 2005 Governmental funds compensated absences payable at June 30, 2005 Accrued interest payable at June 30, 2005 $ Net assets of governmental activities $ 3,063,120,617 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 follow: Net change in fund balances – total governmental funds $ 100,552,171 $ 170,090,619 (52,185,588) 854,708 118,759,739 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, 2005 Add: Internal service funds depreciation expense for the year ended June 30, 2005 $ 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, 2005 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 Donations of infrastructure assets Net value of capital asset transfer from the Medical Center $ $ (25,127,030) 3,495,855 (27,085,022) 24,979,969 25,713,474 1,977,246 Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the funds. Grant revenues earned during the year ended June 30, 2005 Property taxes earned during the year ended June 30, 2005 Contribution revenue earned during the year ended June 30, 2005 $ $ 8,869,710 (168,422) (35,000) 8,666,288 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 Principal payments on lease trust certificates Proceeds from capital leases Premium on bonds Principal payments on certificates of participation Principal payments on capital leases Principal payments on installment purchase agreements Debt transfer from Medical Center Deferred issuance costs Proceeds from issuance of lease trust certificates Accrued interest payable on long-term debt $ $ 13,902,923 1,188,000 (8,384,655) 759,174 385,000 5,585,117 197,980 (21,797,659) (404,804) (12,000,000) 5,476 (20,563,448) 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 until paid. In addition, some cash outlays, such as purchases of inventories, are reported as expenditures in the governmental funds when purchased. In the Statement of Activities, however, they are expensed when consumed. Increase in employee compensation payable Increase in inventories Decrease in claims and judgments payable $ $ (3,262,941) 1,426,907 9,490,420 7,654,386 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. $ 12,663,816 Change in net assets of governmental activities $ 229,710,198 53 Notes to the Financial Statements (Continued) NOTE 5 – STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY At June 30, 2005, the following funds reported deficits in fund balances or net assets. FUND DEFICIT Governmental Funds: Accommodation Schools Adult Probation Grants CDBG Housing Trust Clerk of Court Grants County Attorney Grants Emergency Management Environmental Services Grants Human Services Grants Juvenile Probation Grants Medical Examiner Grants Public Defender Training Public Health Sheriff Grants Sheriff RICO Superior Court Grants Transportation Grants Trip Reduction $ Proprietary Funds: Maricopa Health Plan ALTCS Non-AHCCCS Health Plans Equipment Services Risk Management 1,319,889 464,724 5,197,072 135,620 322,782 58,984 685,970 4,589,751 732,467 249,013 3,206 4,467,855 747,526 25,532 43,691 349,783 1,221,550 $ 20,668,590 6,760,609 3,496,967 2,107,671 12,702,851 The deficits in fund balances or net assets for Adult Probation Grants, CDBG Housing Trust, Clerk of Court Grants, County Attorney Grants, Emergency Management, Environmental Services Grants, Human Services Grants, Juvenile Probation Grants, Medical Examiner Grants, Public Health, Sheriff Grants, Sheriff RICO, Superior Court Grants, Transportation Grants, and Trip Reduction 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 deficits in net assets for the Maricopa Health Plan, ALTCS and Non-AHCCCS Health Plans Funds will be corrected in fiscal year 2006 as the County has transferred or closed these health plans. See Note 23 – Subsequent Events for additional information. 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. 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 2006. 54 Notes to the Financial Statements (Continued) 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; obligations issued or guaranteed by the United States or any of the senior debt of its agencies, sponsored agencies, corporations, sponsored corporations, or instrumentalities; specified state and local government bonds; interest earnings investments such as savings accounts, certificates of deposit, and repurchase agreements in eligible depositories; and specified commercial paper, bonds, debentures, and notes issued by corporations organized and doing business in the United States. In addition, the County Treasurer may invest trust funds in fixed income securities of corporations doing business in the United States or District of Columbia. Credit risk Statutes have the following requirements for credit risk: 1. Commercial paper must be rated P1 by Moody’s investors service or A1 or better by Standard and Poor’s rating service. 2. Corporate bonds, debentures, and notes must be rated A or better by Moody’s investors service or Standard and Poor’s rating service. 3. Fixed income securities must carry one of the two highest ratings by Moody’s investors service and Standard and Poor’s rating service. If only one of the above-mentioned services rates the security, it must carry the highest rating of that service. Custodial credit risk Statutes require collateral for demand deposits, certificates of deposit, and repurchase agreements at 101 percent of all deposits not covered by federal depository insurance. Concentration of credit risk Statutes do not include any requirements for concentration of credit risk. Interest rate risk Statutes require that public monies invested in securities and deposits have a maximum maturity of 5 years and that public operating fund monies invested in securities and deposits have a maximum maturity of 3 years. Investments in repurchase agreements must have a maximum maturity of 180 days. Foreign currency risk Statutes do not allow foreign investments. Deposits - At June 30, 2005, the carrying amount of the County’s deposits was $72,118,384, and the bank balance was $77,048,297. It is the County’s investment policy to collateralize all deposits by at least 101 percent of the deposits not covered by depository insurance. At a minimum, the collateral is to be held by the pledging financial institution or its agent, but does not have to be held in the County’s name. At June 30, 2005, $71,126,877 of the County’s bank balance was exposed to custodial credit risk as follows: Uninsured and uncollateralized Uninsured with collateral held by the pledging financial institution Total 55 $ 854,854 $ 70,272,023 71,126,877 Notes to the Financial Statements (Continued) Investments – The County’s investments at June 30, 2005, were as follows: Investment Type U.S. Treasury securities U.S. agency securities Mutual funds with trustee Guaranteed investment contracts Other Investments $ $ Amount 1,525,499 2,645,591,167 8,376,656 9,360,503 5,992,731 2,670,846,556 Credit risk – It is the County’s investment policy to preserve the principal value and the interest income of an investment. The County can invest in obligations issued or guaranteed by the United States or any of the senior debt of its agencies, sponsored agencies, corporations, or instrumentalities. The County can also invest in commercial paper and corporate bonds with ratings that meet the statutory requirements specified above. At June 30, 2005, credit risk for the County’s investments was as follows: Investment Type U. S. agency securities U. S. agency securities U. S. agency securities Mutual funds with trustee Rating Aaa P1 Unrated Aaa Rating Agency Moody’s Moody’s Not applicable Moody’s $ $ Amount 1,881,165,791 724,465,376 39,960,000 8,376,656 2,653,967,823 The $39,960,000 of U.S. agency securities are discount notes issued by the Federal Agricultural Mortgage Corporation (FAMC). As specified in the FAMC Offering Circular, these discount notes were not, and are not expected to be, rated by any credit rating agency. The $5,992,731 of other investments are related to the Public Fiduciary, which invests in equities, mutual funds, U.S. Treasury securities, and other types of investments as directed by court order. Due to the difficulty of obtaining the information and as these investment amounts are determined to be immaterial, Maricopa County will not disclose the credit risk requirements specified by GASB Statement No. 40 – Deposit and Investment Risk Disclosures. Custodial credit risk – For an investment, custodial credit risk is the risk that, in the event of the counterparty’s failure, the County will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. It is the County’s investment policy that all of the Treasurer’s securities be held by the agent or trust department and in the County’s name. However, the County does maintain investments in outside accounts that are uninsured and not registered in the County’s name. At June 30, 2005, the County had $8,376,656 in mutual funds held by the trustee that were uninsured and not registered in the County’s name. These investments are managed by the trustee in accordance with the trust agreement. The $5,992,731 of other investments are related to the Public Fiduciary, which invests in equities, mutual funds, U.S. Treasury securities, and other types of investments as directed by court order. Due to the difficulty of obtaining the information and as these investment amounts are determined to be immaterial, Maricopa County will not disclose the custodial credit risk requirements specified by GASB Statement No. 40 – Deposit and Investment Risk Disclosures. Concentration of credit risk – It is the County’s investment policy to preserve the principal value of its investments. However, due to the limited investments allowed under statutes and the desire to preserve the principal value, the County’s investments may have a concentration of credit risk of more than 5 percent of total investments in one issuer. Five percent or more of the County’s investments at June 30, 2005, were in the Federal Home Loan Bank, the Federal National Mortgage Association, and the Federal Home Loan Mortgage Corporation. These investments were 50.6 percent, 29.7 percent, and 13.3 percent, respectively, of the County’s total investments. Interest rate risk – It is the County’s investment policy to hold investments to maturity, where practical, and avoid any loss on investments resulting from an early sale or retirement of an investment. Additionally, securities should be invested for a shorter duration, where applicable. At June 30, 2005, the County had the following investments in debt securities. 56 Notes to the Financial Statements (Continued) Investment Maturities Investment Type U.S. Treasury securities U.S. agency securities Mutual funds with trustee Guaranteed investment contracts Less than 1 Year $ 1,525,499 1,048,731,718 8,376,656 Amount 1,525,499 2,645,591,167 8,376,656 9,360,503 $ 2,664,853,825 $ 1–5 Years $ $ 1,595,859,449 $ 1,058,633,873 More than 10 Years 6 – 10 Years $ 1,595,859,449 $ 1,000,000 $ 1,000,000 9,360,503 9,360,503 $ The $5,992,731 of other investments are related to the Public Fiduciary, which invests in equities, mutual funds, U.S. Treasury securities, and other types of investments, as directed by court order. Due to the difficulty of obtaining the information and as these investment amounts are determined to be immaterial, Maricopa County will not disclose the interest rate risk requirements specified by GASB Statement No. 40 – Deposit and Investment Risk Disclosures. Foreign currency risk – The County does not have a formal investment policy with respect to foreign currency risk because State statutes do not allow foreign investments. A reconciliation of cash, deposits, and investments to amounts shown on the Statements of Net Assets follows: Cash, deposits and investments: Cash on hand $ Amount of deposits Amount of investments 2,670,846,556 Total Statement of Net Assets: Cash in bank and on hand Cash and investments held by County Treasurer Cash and investments held by trustee Total $ Governmental Activities Business-Type Activities $ $ 2,085,023 790,590,879 43,531,742 $ 836,207,644 $ 107,045 72,118,384 500 Investment Trust Fund $ 2,743,071,985 Agency Fund $35,901,326 27,644,949 1,842,248,762 7,277 27,652,726 $ 1,842,248,762 Component Unit $ 1,061,527 Total $ 39,048,376 2,660,484,590 $35,901,326 $ 1,061,527 43,539,019 $ 2,743,071,985 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’s 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 pool’s structure 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. 57 Notes to the Financial Statements (Continued) The Treasurer allocates interest earnings to each of the pool’s participants. However, for the County’s monies in the pool the Board of Supervisors authorized $3,062,532 of interest earned in certain other funds to be transferred to the General Fund. Substantially, all deposits and investments of County’s primary government are included in the County Treasurer’s investment pool, except for $49,005,514 of deposits, $1,525,499 of investments in U.S. Treasury securities, $8,223,947 of U.S. agency securities, $8,376,656 of mutual funds with trustee, $9,360,503 of guaranteed investment contracts, and $5,992,731 of other investments. Therefore, the deposit and investment risks of the Treasurer’s investment pool are substantially the same as the County’s deposit and investment risks. See Note 6 – Deposits and Investments for disclosure of the County’s deposit and investment risks. Details of each major investment classification follow: Investment Type U. S. agency securities Principal $ 2,615,983,965 Interest Rates 1.65 – 4.25% Maturities 7/05 – 3/08 Reported Amount $ 2,637,367,220 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 $ 2,672,804,629 $ 2,672,804,629 $ 822,418,268 1,850,386,361 2,672,804,629 $ Statement of changes in net assets Total additions Total deductions Net increase/(decrease) Net assets held in trust: July 1, 2004 June 30, 2005 $ $ 20,176,048,283 19,742,555,934 433,492,349 2,239,312,280 2,672,804,629 NOTE 8 – RECEIVABLES Receivables as of year-end for the County’s individual major funds and nonmajor funds in the aggregate are shown as follows. Taxes receivable does not have an allowance for uncollectible taxes, as the amount is considered immaterial. All other receivables are considered collectible. Pledged receivables represent amounts pledged from donors for the Human Services Campus. Governmental Funds Jail Operations Fund General Fund Receivables: Taxes Accrued interest Special assessments Pledged Total receivables $ $ 9,156,301 2,034,088 $ 11,190,389 $ $ 358,771 358,771 58 Other Governmental Funds Lease Revenue Fund $ 1,921,318 1,314,464 200,201 $ $ 3,435,983 $ 154,498 $ 4,860,000 5,014,498 Total 11,077,619 3,861,821 200,201 4,860,000 19,999,641 Notes to the Financial Statements (Continued) Proprietary Funds Maricopa Health Plan Receivables: Accounts Accrued interest Total receivables $ $ 15,031,280 15,031,280 Other Enterprise Funds ALTCS $ $ 12,079,962 12,079,962 $ Internal Service Funds $ 69,277 69,277 $ $ Total $ 242,850 242,850 $ 27,111,242 312,127 27,423,369 Discretely presented component unit: Receivables as of year-end for the Housing Authority, including the applicable allowances for uncollectible accounts, are shown as follows: Component Unit Housing Authority Receivables, as restated: Accounts Tenant Notes receivable Gross receivables Less: allowance for uncollectibles Net total receivables $ $ 1,584,560 17,414 5,065,000 6,666,974 (12,538) 6,654,436 In December 2001, the Housing Authority made a loan to develop apartments for low-income residents in Avondale, Arizona. As of June 30, 2005, the Housing Authority had a note receivable of $3,000,000 with an interest rate of 5.5% of which interest is accrued until paid in full. The note receivable will be repaid in full on December 14, 2051, or when the property is sold. In July 2003, the Housing Authority made a loan to revitalize housing units to provide housing opportunities for low-income residents. As of June 30, 2005, the Housing Authority had a note receivable of $2,065,000 with an interest rate of 5.85% of which interest is accrued until paid in full. The note receivable will be repaid in full on May 31, 2019, or when the property is sold. NOTE 9 – DUE FROM OTHER GOVERNMENTAL UNITS Amounts due from other governmental units at June 30, 2005, of $190,282,099, as reported on the Governmental Funds balance sheet, include $71,284,225, $14,950,026 and $16,630,413 in state-shared revenues for sales taxes, vehicle license taxes and highway user taxes, respectively; $21,766,966 in jail tax collected by the State but not received by the County; $912,002 in rental car surcharge collected by the State but not received by the County; $23,393,588 in various Federal and State grants; $3,632,968 due from other governments for prisoner detention and police services; $12,111,542 due from cities and towns for Flood Control District and Transportation Department intergovernmental agreements; and $201,578 in miscellaneous receivables from Federal, State and local governments. In addition, the County reported $25,398,791 for debt service reimbursements due from the Maricopa County Special Health Care District, a separate legal entity. The amount is reported in the Lease Revenue Fund and is deferred, as it is not considered earned and available to finance expenditures of the current period. On January 1, 2005, Maricopa County transitioned the Medical Center, a major enterprise fund, to the Maricopa County Special Health Care District. As a result of the transition, the Medical Center transferred long-term debt obligations (lease revenue bonds, certificates of participation and installment purchase agreements) to the County. The Maricopa County Special Health Care District will pay the debt obligations per the terms of an Intergovernmental Agreement which coincide with the future principal and interest payments to July 1, 2015. See Note 13 – Long-term Liabilities for additional information regarding the amounts transferred. 59 Notes to the Financial Statements (Continued) NOTE 10 – INTERGOVERNMENTAL LOANS The County reported $340,064 as an intergovernmental loan from the Maricopa County Special Health Care District. The intergovernmental loan represents monies owed from the District to the General Fund for early extinguishment of certain debt in advance of maturity and paid semi-annually until July 1, 2010, at which time the loan will be paid in full. In prior fiscal years, this amount was reported as an advance to other funds, but was reclassified when the Medical Center was transitioned to the Maricopa County Special Health Care District. See Note 13 – Long-term Liabilities for additional information. On June 8, 2005, the County approved a $20,780,350 Assistance Package Intergovernmental Agreement for the Maricopa County Special Health Care District, a separate legal entity. The assistance package included restructuring the terms of a $15 million one-year working capital line of credit to a ten-year loan with the first five years interest free and all due and payable on August 1, 2015. At June 30, 2005, the Maricopa County Special Health Care District paid the County working capital line of credit in full and the County did not recognize an intergovernmental loan. On July 1, 2005, the County provided the loan to the District and will accordingly recognize an intergovernmental loan in fiscal year 2006. The assistance package also provided for a $5,347,350 loan to the District for AHCCCS equity requirements and miscellaneous reimbursement of expenditures of $433,000 that will be funded by the County in fiscal year 2006. See Note 23 – Subsequent Events for additional information. NOTE 11 – CAPITAL ASSETS Capital asset activity for the year ended June 30, 2005, was as follows: Balance July 1, 2004 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 461,186,703 175,557,983 496,074,312 1,132,818,998 $ 24,985,105 126,810,887 47,352,746 199,148,738 Balance June 30, 2005 Decreases $ 4,100,240 139,024,797 8,592,815 151,717,852 $ 482,071,568 163,344,073 534,834,243 1,180,249,884 1,128,530,973 171,847,818 224,835,151 1,525,213,942 127,828,606 29,888,521 13,773,097 9,896,393 157,717,127 23,669,490 178,494,672 114,604,798 44,484,144 337,583,614 46,633,256 19,917,874 4,585,409 71,136,539 2,445,616 8,737,009 11,182,625 222,682,312 125,785,663 49,069,553 397,537,528 1,187,630,328 86,580,588 12,486,865 1,261,724,051 2,320,449,326 60 $ 285,729,326 $ 164,204,717 1,242,586,482 191,839,946 224,835,151 1,659,261,579 $ 2,441,973,935 Notes to the Financial Statements (Continued) Balance July 1, 2004 as restated Business-type activities: Nondepreciable assets: Land Construction in progress Total capital assets not being depreciated $ Increases 2,909,679 8,897,465 11,807,144 $ Balance June 30, 2005 Decreases 2,006,725 2,006,725 $ 1,722,193 10,904,190 12,626,383 $ 1,187,486 1,187,486 Depreciable assets: Buildings and improvements Machinery and equipment Total 104,732,059 95,247,859 199,979,918 166,928 2,273,027 2,439,955 104,835,425 84,664,454 189,499,879 63,562 12,856,432 12,919,994 Less accumulated depreciation for: Buildings and improvements Machinery and equipment Total 46,857,287 68,256,170 115,113,457 2,244,812 7,462,691 9,707,503 49,038,537 63,179,800 112,218,337 63,562 12,539,061 12,602,623 84,866,461 (7,267,548) 77,281,542 317,371 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 $ 96,673,605 $ $ 4,830,082 2,465,577 7,295,659 $ Depreciable assets: Buildings and improvements Machinery and equipment Less accumulated depreciation Total capital assets being depreciated, net Discretely presented component unit capital assets, net 37,890,905 505,809 22,440,244 15,956,470 $ 23,252,129 $ (5,260,823) $ 89,907,925 $ $ 1,504,857 $ 370,278 370,278 441,316 441,316 4,830,082 2,394,539 7,224,621 441,316 95,461 1,305,731 (768,954) 24,008 17,158 6,850 38,332,221 577,262 23,728,817 15,180,666 (398,676) $ 448,166 $ 22,405,287 On July 1, 2004, Maricopa County restated beginning capital assets balances for governmental activities by $372,475,662, net of accumulated depreciation, for the retroactive reporting of Flood Control infrastructure assets for the period July 1, 1980 through June 30, 2001, as required by GASB Statement No. 34. In addition, the County restated beginning capital assets balances for prior period corrections in Transportation and Flood Control infrastructure assets in the amounts of $45,312,455 and $2,271,450, respectively. Furthermore, the beginning capital assets balances for the Housing Authority, a discretely presented component unit, were restated due to the elimination of prior period net capital assets of $1,877,301. See Note 3 – Beginning Balances Restated for additional information. On January 1, 2005, Maricopa County transitioned the Medical Center, a major enterprise fund, to the Maricopa County Special Health Care District, a separate legal entity that is not part of the County’s reporting entity. As a result of this transition, certain capital assets with a net value of $25,713,474 were transferred to governmental activities and are reported as increases. The Medical Center’s remaining capital assets having a net value of $64,194,451 were transitioned to the Maricopa County Special Health Care District. See Note 22 – Other Matters for additional information. 61 Notes to the Financial Statements (Continued) 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 Business-type activities: Medical Center Arizona Long-Term Care System Other Total business-type activities depreciation expense $ $ $ $ 8,480,605 26,912,557 3,121,536 1,581,590 10,844,913 389,679 854,708 52,185,588 6,491,561 3,164,273 51,669 9,707,503 The depreciation expense charged to governmental activities is less than accumulated depreciation increases because of assets transferred from the Medical Center Fund to the general government. These assets had existing accumulated depreciation of $18,950,951, which is accounted for in the accumulated depreciation increases, but does not constitute current year depreciation expense. NOTE 12 – CONSTRUCTION AND OTHER SIGNIFICANT COMMITMENTS At June 30, 2005, 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 Various County Facilities. Transportation Construction Projects At June 30, 2005, the Maricopa County Transportation Department had contractual commitments of $23,524,497 for construction of various highway projects. The related estimated cost of completion for these projects amounted to $273,382,354. 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, 2005, the Maricopa County Flood Control District had contractual commitments of $19,753,048 for the construction of various flood control projects. The related estimated cost of completion for these projects amounted to $252,868,000. 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 capital projects 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. 62 Notes to the Financial Statements (Continued) At June 30, 2005, Maricopa County had contractual commitments of $2,733,161 for projects in the Jail Construction Fund (nonmajor capital projects fund). The related estimated cost of completion for these projects was $96,526,638. Construction of Various County Facilities At June 30, 2005, Maricopa County had contractual commitments of $36,506,360 related to major capital projects financed by the Lease Revenue Bonds, Series 2001. The related estimated cost of completion for these projects was $57,961,120. These projects are accounted for in the County Improvement Fund (nonmajor governmental fund). The County had additional contractual commitments of $636,105 relating to major capital projects accounted for in the Intergovernmental Capital Projects Fund (nonmajor governmental fund) and the General Fund County Improvement Fund (nonmajor governmental fund) and funded predominantly through transfers from the General Fund. The related estimated cost of completion for these projects was $124,196,083. NOTE 13 – LONG-TERM LIABILITIES The following schedule details the County’s long-term liability and obligation activity for the year ended June 30, 2005. Balance July 1, 2004 Reductions Additions Transfers in (out) Balance June 30, 2005 15,207,425 $ 101,101,501 Due Within One Year Governmental activities: Bonds, loans, and other payables: General obligation bonds Lease revenue bonds $ 20,165,000 93,569,382 $ Lease trust certificates $ 20,165,000 7,675,306 12,000,000 $ 1,188,000 Certificates of participation Stadium District contractual obligations 9,308,434 10,812,000 5,500,000 Stadium District revenue refunding bonds $ 1,361,000 5,500,000 385,000 2,685,000 55,225,000 2,490,000 52,735,000 6,428,888 2,000,000 4,428,888 Special assessment debt with governmental commitment 343,102 Capital leases 107,644 235,458 70,126 10,820,105 8,384,655 5,697,127 13,507,633 6,123,397 197,980 1,090,234 892,254 346,052 186,551,477 20,384,655 39,521,057 21,797,659 $189,212,734 $ 20,279,009 20,384,655 40,280,231 21,797,659 196,385,020 Installment purchase agreements Total bonds, loans, and other payables Plus: bond premium 7,931,460 Total bonds, loans, and other payables 759,174 194,482,937 7,172,286 20,279,009 Other liabilities: Claims and judgments payable 19,990,000 9,490,420 10,499,580 970,880 Reported and incurred but not reported claims 47,671,763 49,194,777 42,295,054 54,571,486 24,230,882 67,661,763 49,194,777 51,785,474 65,071,066 25,201,762 $ 262,144,700 $ 69,579,432 $ 92,065,705 $ 21,797,659 $261,456,086 $ 45,480,771 $ 16,670,618 $ $ 1,419,694 $ (15,207,425) $ $ 365,000 (5,500,000) 552,699 (1,090,234) Total other liabilities Governmental activities long-term liabilities Business-type activities: Bonds and other payables: Lease revenue bonds Certificates of participation 5,865,000 Installment purchase agreements 1,252,049 Advances from other funds 390,884 493,243 Total bonds and other payables 420,243 24,280,910 390,884 2,757,636 (21,797,659) 43,499 6,566 73,000 12,166 116,499 18,732 Other liabilities: Liability for closure and postclosure costs Total other liabilities Business-type activities long-term liabilities $ 10,613,494 750,505 9,862,989 332,807 10,613,494 750,505 9,862,989 332,807 34,894,404 $ 390,884 63 $ 3,508,141 $ (21,797,659) $ 9,979,488 $ 351,539 Notes to the Financial Statements (Continued) On January 1, 2005, the Medical Center was transitioned to the Maricopa County Special Health Care District, a separate legal entity that is not part of the County’s reporting entity. The long-term debt obligations, as previously reported in the Medical Center Fund, a major enterprise fund, which include lease revenue bonds of $15,207,425, certificates of participation of $5,500,000, and installment purchase agreements of $1,090,234, were transferred to governmental activities as they are the responsibility of the County. The County will continue to pay the debt service including principal and interest when due and will be reimbursed by the Maricopa County Special Health Care District pursuant to the District’s intergovernmental agreement with the County. See Note 9 – Due From Other Governmental Units and Note 22 – Other Matters for additional information. In addition, Medical Center advances from other funds at December 31, 2004 of $408,077 were reclassified as intergovernmental loans upon the Medical Center’s transition to the Maricopa County Special Health Care District. These advances represent monies owed to the General Fund from the Medical Center for early extinguishment of certain debt in advance of maturity in fiscal year 2004. See Note 10 – Intergovernmental Loans for additional information. Bonds, loans, and other payables were as follows at June 30, 2005: 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 County 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. On July 1, 2004, the County paid in full the outstanding $20,165,000 General Obligation Bonds debt service requirements. As of June 30, 2005, the County does not have any outstanding General Obligation Bonds. 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 fifteen percent of such taxable property. At June 30, 2005, the allowable six percent limit was $1,804,019,200 and the fifteen percent limit $4,510,048,001. 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 on or 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), capital leases, and an installment purchase contract, which were legally defeased as of June 1, 2004. The County will be obligated to make lease payments to extinguish the refunding debt when due until all lease payments 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. 64 Notes to the Financial Statements (Continued) 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. The following Lease Revenue Bonds were outstanding as of June 30, 2005: INTEREST RATES MATURITY DATES $ 124,855,000 3.65 – 5.50% 7-1-05/15 16,880,000 2.50 – 4.00% 7-1-05/12 AMOUNT OF ISSUE DESCRIPTION 2001 Lease Revenue Bonds 2003 Lease Revenue Refunding Bonds Total OUTSTANDING AT JUNE 30, 2005 $ 87,580,000 13,565,000 $ 141,735,000 $ 101,145,000 Annual debt service requirements to maturity for the County’s Lease Revenue Bonds are as follows: Governmental Activities Business-Type Activities Lease Revenue Bonds Year Ending June 30 Interest Total 9,308,434 $ 4,874,068 $ 14,182,502 2007 9,498,024 4,434,264 13,932,288 6,976 1,021 7,997 2008 8,477,750 4,044,588 12,522,338 7,250 791 8,041 2009 8,592,477 3,671,791 12,264,268 7,524 587 8,111 2010 8,890,076 3,238,803 12,128,879 4,924 394 5,318 2011 – 15 46,069,740 9,076,726 55,146,466 10,259 319 10,578 2006 Principal $ 2016 10,265,000 278,525 10,543,525 Total $ 101,101,501 $ 29,618,765 $ 130,720,266 Principal $ $ 6,566 43,499 Interest $ $ 1,291 4,403 Total $ $ 7,857 47,902 Lease Trust Certificates On August 1, 2004, the County and the Maricopa County Public Finance Corporation entered into a lease purchase agreement in which the land, conveyed to the Maricopa County Public Finance Corporation by the County, and financed improvements related to the Human Services Campus will be leased to the County. On August 28, 2004, the Maricopa County Public Finance Corporation authorized the issuance of Lease Trust Certificates representing proportionate interests in semiannual lease payments for an amount not to exceed $15,000,000 to provide financing for the construction of improvements for a Human Services Campus public health clinic. The lease purchase agreement contains a purchase option at the end of the lease term similar to a capital lease, does not constitute indebtedness of the County under the Constitutional debt limit, and does not require voter approval. The County is responsible for the principal and interest payments for the amount of the certificates issued under the lease purchase agreement. The certificates, having a fixed rate of 4.165% with final maturities on June 1, 2012, will be issued on an as needed basis. During the year ended June 30, 2005, certificates totaling $12,000,000 of the authorized $15,000,000 were issued. The lease purchase agreement provides that the debt service requirements on the amount of outstanding Lease Trust Certificates be re-amortized for any additional debt issued up to the authorized amount. As of June 30, 2005, the outstanding Lease Trust Certificates and annual debt service requirements to maturity are as follows: 65 Notes to the Financial Statements (Continued) Year Ending June 30 2006 2007 2008 2009 2010 2011 – 12 Total Governmental Activities Principal Interest 1,361,000 $ 449,615 1,420,000 393,625 1,478,000 334,483 1,539,000 272,926 1,604,000 208,828 3,410,000 214,492 10,812,000 $ 1,873,969 $ $ Certificates of Participation Certificates of Participation represent proportionate interests in semiannual lease payments. 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, 2005: DESCRIPTION INTEREST RATES MATURITY DATES 4.75 – 5.50% 7-1-05/15 AMOUNT OF ISSUE 2000 Certificates of Participation $ 6,975,000 OUTSTANDING AT JUNE 30, 2005 $ 5,500,000 Annual debt service requirements to maturity for certificates of participation are as follows: Governmental Activities Year Ending June 30 2006 2007 2008 2009 2010 2011 – 15 2016 Total $ $ Principal 385,000 400,000 420,000 445,000 465,000 2,740,000 645,000 5,500,000 $ $ Interest 271,786 253,043 233,258 212,170 189,759 555,147 17,737 1,732,900 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. 66 Notes to the Financial Statements (Continued) 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 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, 2005: DESCRIPTION AMOUNT OF ISSUE 2002 Revenue Refunding Bonds $ INTEREST RATES MATURITY DATES 5 – 5.375% 6-1-06/19 58,225,000 OUTSTANDING AT JUNE 30, 2005 $ 52,735,000 Annual debt service requirements to maturity for Stadium District bonds are as follows: Governmental Activities Stadium District Revenue Bonds Year Ending June 30 2006 2007 2008 2009 2010 2011 – 15 2016 – 19 TOTAL Principal 2,685,000 2,820,000 2,960,000 3,105,000 3,260,000 18,850,000 19,055,000 $ 52,735,000 $ Interest 2,737,592 2,603,345 2,462,344 2,314,344 2,159,094 8,252,244 2,627,568 $ 23,156,531 $ 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, 2005, $8,335,000 of bonds outstanding are considered defeased as summarized below. Refunded in Prior Years Issue 1996 Senior Bonds Outstanding Principal $ 8,335,000 Call Date 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, 2005, the Stadium District had contractual commitments outstanding of $4,428,888 with a fixed interest rate of 7.15%. 67 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 Principal 2006 2007 2008 2009 2010 2011 – 15 2016 – 19 Total Interest $ $ $ 2,222,224 2,206,664 4,428,888 $ 316,841 316,841 316,841 316,841 316,841 1,266,251 314,058 3,164,514 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: AMOUNT OF ISSUE DESCRIPTION Fairview Lane Fairview Lane East Queen Creek Water White Fence Farms 104th Place/University Central Avenue Billings Street Marquerite Drive 7th Street North Total $ 59,379 60,657 301,960 185,810 83,236 301,905 14,004 60,670 60,059 $ 1,127,680 INTEREST RATES MATURITY DATES 9.000% 9.000% 4.875% 9.000% 9.000% 9.000% 9.000% 9.000% 8.000% 1-1-06 1-1-06/07 7-1-05/17 1-1-06/07 1-1-06/07 1-1-06/09 1-1-06/08 7-1-05/11 1-1-06/14 OUTSTANDING AT JUNE 30, 2005 $ 5,082 7,250 56,252 24,195 14,086 46,207 2,280 26,053 54,053 $ 235,458 Annual debt service requirements to maturity for special assessment debt with governmental commitment are as follows: Governmental Activities Special Assessment Year Ending June 30 2006 2007 2008 2009 2010 2011 – 15 2016 – 18 Total Interest Principal $ $ 70,126 47,385 15,453 32,899 5,819 53,323 10,453 235,458 68 $ $ 16,944 12,509 8,576 7,180 4,632 10,525 765 61,131 Notes to the Financial Statements (Continued) 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 Leased Capital Assets Accumulated Depreciation 56,502 7,903,829 519,240 207,720 186,793 125,290 8,999,374 (2,885,830) Net Value of Leased Capital Assets $ 6,113,544 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. The following schedule details debt service requirements to maturity for the County’s capital leases payable at June 30, 2005. Governmental Activities Year Ending June 30 2006 2007 2008 2009 2010 $ Total minimum lease payments 6,405,779 5,078,806 2,436,634 27,195 18,130 13,966,544 Amount representing interest (458,911) Present value of net minimum lease payments $ 13,507,633 The present value of net minimum lease payments at June 30, 2005, of $13,507,633 exceeds the total of leased capital assets of $6,113,544 because a significant portion of the assets acquired through capital leases are for 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 at a total purchase price of $2,382,705. Medical Equipment Accumulated Depreciation Net Value of Installment Purchase Capital Assets Governmental Activities $ 2,382,705 (1,541,760) $ 840,945 The following schedule details debt service requirements to maturity for the County’s installment purchase contracts payable at June 30, 2005. 69 Notes to the Financial Statements (Continued) Year Ending June 30 2006 2007 2008 Total minimum payments Amount representing interest Governmental Activities $ 378,731 358,051 208,863 945,645 (53,391) Present value of net minimum payments $ 892,254 Funding Source for Governmental Activities Liabilities Governmental Funds Liabilities Funding Source Lease revenue bonds Lease trust certificates Certificates of participation Stadium District revenue bonds Stadium District contractual obligations Special assessment debt with governmental commitment Capital leases Lease Revenue Fund Lease Revenue 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%) Lease Revenue Fund General Fund Risk Management Fund and Employee Benefits Fund (internal service funds) Installment purchase agreements 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, 2005, there were three revenue bond issues outstanding, with an aggregate principal amount payable of $171,580,000. Arbitrage Compliance The County is in compliance with all Federal arbitrage regulations for tax-exempt debt securities. As of June 30, 2005, the County had no arbitrage liability. NOTE 14 – 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). 70 Notes to the Financial Statements (Continued) 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, 2005, includes the cumulative amount of $8,446,849 reported to date based on the use of 99.8 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. Beginning in fiscal year 2004, the County included this cost as part of the landfill closure and postclosure care liability in the Solid Waste Fund. In fiscal year 2005, the liability for the cost of the remedial investigation and the feasibility study for the Hassayampa Landfill was $1,416,140. The total landfill closure and postclosure care liability of $9,862,989 is comprised of both the $8,446,849 for capacity of landfills used as of June 30, 2005, and the $1,416,140 remedial investigation costs for the Hassyampa Landfill. These amounts are based on what it would cost to perform all closure and postclosure care and remedial investigation costs in fiscal year 2005; the actual costs may be higher due to inflation, changes in technology, and 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 2007. For fiscal year 2005, the County did not reassess the total estimated current cost for landfill closure and postclosure care. The County hired a consultant to review the future obligations, which is anticipated to be completed May 2007. 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 15 – 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, 2005. The municipal revolving line of credit was renewed to July 1, 2006, for $35,000,000. Outstanding principal and interest is due on June 30 of each year. During fiscal year 2005, the County had not borrowed against the line of credit. On July 1, 2004, the County entered into an $8,503,093 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, 2005. The letter of credit was reserved against the municipal revolving line of credit. During fiscal year 2005, the letter of credit had not been drawn upon. The irrevocable standby letter of credit was renewed to July 1, 2006, for $8,031,435. NOTE 16 – 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 $16,594,521 for the year ended June 30, 2005. These operating leases have remaining lease terms from one to seven 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, 2005, are as follows: 71 Notes to the Financial Statements (Continued) Governmental Activities $ 11,639,336 10,610,695 8,219,855 6,217,815 4,610,849 2,969,560 Year Ended June 30 2006 2007 2008 2009 2010 2011 - 12 Total minimum payments required $ 44,268,110 NOTE 17 – 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 investments. Accrued actuarial liabilities at June 30, 2005, for each insurable area follow: General liability Automobile liability Malpractice Workers’ compensation Property reserve Auto physical damage reserve Total $ $ 25,773,504 866,527 13,358,614 10,044,320 281,302 166,284 50,490,551 Changes in the unpaid claims liability reported in the Risk Management Fund follow: Year 2002-03 2003-04 2004-05 $ Balance July 1 41,677,379 41,047,771 42,532,613 $ Current-Year Claims And Changes In Estimates 5,907,531 8,992,628 15,923,337 Claims Payments $ (6,537,139) (7,507,786) (7,965,399) $ Balance June 30 41,047,771 42,532,613 50,490,551 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, 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 2005 actuarial reports. The Consumer Choice Plan portion of the liability for pharmacy is based on the unused 72 Notes to the Financial Statements (Continued) portion of the members’ pharmacy accounts administered by Walgreens Health Initiatives. The liability for medical incentives is based on the contract with CIGNA Healthcare (CIGNA). Accrued actuarial liabilities at June 30, 2005, for each insurable area follow: Pharmacy Medical Dental Short-term disability Medical incentives Total $ 692,720 2,117,000 455,000 216,215 600,000 4,080,935 $ Changes in the unpaid claims liabilities reported in the Employee Benefits Trust Fund follow: Year 2002-03 2003-04 2004-05 $ Balance July 1 794,084 2,446,904 5,139,150 Current-Year Claims And Changes In Estimates $ 13,182,511 24,840,807 33,271,440 $ Claims Payments (11,529,691) (22,148,561) (34,329,655) Balance June 30 $ 2,446,904 5,139,150 4,080,935 Other Claims The County has exposure to the following claims areas carrying no commercial insurance: Indigent Health Care Litigation - At June 30, 2005, 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 percent 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. To date, $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. 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 $10,499,580 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 $29,600,420, 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. The County also has outstanding claims of approximately $2 million at June 30, 2005, 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 73 Notes to the Financial Statements (Continued) as a reduction in the current year tax levy. The allocation of the property tax levy will be based on the levy in which the claim has arisen. In addition, the County has outstanding claims of $9.6 million pertaining to disputes regarding easements, contracts, and condemnation of real property. No accrual has been made for these claims as they are either pending or are not material to the County. 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 $60,229,660 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 18 – 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’s 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. 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 N. Central Avenue · P.O. Box 33910 · Phoenix, AZ 85067-3910 · (602) 240-2000 or (800) 621-3778 PSPRS, CORP, EORP 3010 E. Camelback Road, Suite 200 · Phoenix, AZ 85016-4416 · (602) 255-5575 Funding Policy The Arizona State Legislature establishes and may amend active plan members’ and the County’s contribution rates. 74 Notes to the Financial Statements (Continued) Cost-Sharing Plans - For the year ended June 30, 2005, 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, 2005, 2004, and 2003 were $26,449,682, $29,855,413, and $12,352,160, 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, 2005, 2004, and 2003 were $3,386,006, $3,269,129, and $2,414,989, respectively, which were equal to the required contributions for the year. Agent Plans - For the year ended June 30, 2005, 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 10.84 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 11.87 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 8.14 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 3.18 percent. Annual Pension Cost - The County’s pension cost for the two agent plans for the year ended June 30, 2005, and related information follows. (Sheriff) Contribution rates: County Plan members Annual pension cost Contributions made $ $ 10.84% 7.65% 3,523,430 3,523,430 PSPRS (Investigators) $ $ 11.87% 7.65% 70,444 70,444 CORP (Park Rangers) $ $ 8.14% 7.65% 8,907 8,907 $ $ 3.18% 8.50% 1,700,476 1,700,476 The current-year annual required contributions for the PSPRS (Sheriff, Investigators, and Park Rangers) and CORP were determined as part of their June 30, 2003, 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 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, 2003, was 20 years. Trend Information – Annual pension cost information for the current and two preceding years for each of the agent plans follows. Plan Year Ended June 30, 2005 PSPRS (Sheriff) PSPRS (Investigators) PSPRS (Park Rangers) CORP Contributions Required and Contributions Made Annual Pension Cost Percentage of APC (APC) Contributed $ 3,523,430 70,444 8,907 1,700,476 100.0% 100.0% 100.0% 100.0% 75 Net Pension Obligation $ 0 0 0 0 Notes to the Financial Statements (Continued) Contributions Required and Contributions Made Annual Pension Cost Percentage of APC (APC) Contributed Plan Year Ended June 30, 2004 PSPRS (Sheriff) PSPRS (Investigators) PSPRS (Park Rangers) CORP $ 2,360,677 57,649 27,507 1,220,978 Net Pension Obligation 100.0% 100.0% 100.0% 100.0% $ Contributions Required and Contributions Made Annual Pension Cost Percentage of APC (APC) Contributed Plan Year Ended June 30, 2003 PSPRS (Sheriff) PSPRS (Investigators) PSPRS (Park Rangers) CORP $ 1,186,893 13,666 82,316 719,954 0 0 0 0 Net Pension Obligation 100.0% 100.0% 100.0% 100.0% $ 0 0 0 0 NOTE 19 – INTERFUND BALANCES AND ACTIVITY Interfund receivables and payables – interfund balances at June 30, 2005, were as follows: Payable from Maricopa Health Plan Fund Nonmajor Governmental Funds Nonmajor Enterprise Funds Internal Service Funds Total Due From General Fund 14,324,346 4,996,754 1,017,002 2,594,207 $ 22,932,309 $ Payable to Nonmajor Governmental Funds $ $ 65,399 $ 65,399 $ Total Due To 14,324,346 5,062,153 1,017,002 2,594,207 22,997,708 The balance due to the General Fund of $14,324,346 from the Maricopa Health Plan Fund and $1,017,002 from the Nonmajor Enterprise Funds resulted from cash deficits. In the following fiscal year, the County budgets cash transfers to the Maricopa Health Plan Fund and the Nonmajor Enterprise Funds for operating expenses. The remaining cash deficits were the result of timing differences from grant revenues received in the subsequent year and cash transfers that had not occurred at June 30, 2005. Interfund transfers – interfund transfers for the year ended June 30, 2005, were as follows: Transfers In Transfers Out General Fund Jail Operations Fund General Fund $ $ 133,176,891 Lease Revenue Fund $ 2,836,508 Medical Center Fund Maricopa Health Plan Fund $ 13,600,222 $ 5,187,415 ALTCS Fund $ 6,902,168 Jail Operations Fund Lease Revenue Fund 33,008,452 Nonmajor Governmental Funds Total Transfers In 7,665,001 40,673,453 $ Nonmajor Governmental Funds $ 3,796,279 Nonmajor Enterprise Funds $ 15,273,620 Internal Service Funds Total Transfers Out $ 7,545,007 $ 188,318,110 47,591,538 47,591,538 117,178,867 $ 168,566,684 $ 7,545,007 126,140,079 $ 395,058,179 33,008,452 $ 133,176,891 $ 1,296,211 4,132,719 $ 13,600,222 $ 5,187,415 $ 6,902,168 $ 15,273,620 Transfers of capital assets and long-term debt: Government-wide transfer to Medical Center 21,797,659 Enterprise Fund transfer of capital assets to governmental activities 25,713,474 Internal Service Funds transfer of capital assets to governmental activities 9,608 Total Transfers Out $ 442,578,920 76 Notes to the Financial Statements (Continued) In the fund financial statements, total transfers in of $395,058,179 are less than transfers out of $442,578,920 because of transfers of capital assets and long-term debt from the proprietary funds. During the year, existing capital assets with book values of $25,713,474 and $9,608 were transferred from the enterprise and internal service funds, respectively, to governmental activities. The enterprise and internal service funds reported transfers out for the net carrying value of the assets; however, there were no offsetting transfers in reported as these capital assets were transferred to governmental activities in the government-wide financial statements. In addition, a transfer out of $21,797,659 was made from governmental activities to the Medical Center Fund for long-term debt transferred from the Medical Center Fund to governmental activities. See Note 22 – Other Matters for additional information. 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 $ 22,932,309 Due To Other Funds $ $ Special Revenue Fund Jail Operations Fund Debt Service Fund Lease Revenue Fund Enterprise Funds Medical Center Fund Maricopa Health Plan Fund ALTCS Fund NONMAJOR FUNDS Special Revenue Funds Accommodation Schools Fund Bank One Ballpark Operations Fund Environmental Services Fund Environmental Services Grants Fund Flood Control Fund Human Services Grants Fund Medical Examiner Grants Fund Parks Enhancement Fund Parks Souvenir Fund Public Defender Fill the Gap Fund Public Defender Grants Fund Public Health Pharmacy Fund Recorder’s Surcharge Fund Sheriff Grants Fund Sheriff Jail Enhancement Fund Sheriff RICO Fund Stadium District Fund Transportation Fund Transportation Grants Fund Trip Reduction Fund 14,324,346 8,809 Transfers In 40,673,453 $ 188,318,110 133,176,891 47,591,538 4,132,719 33,008,452 35,397,881 5,187,415 6,902,168 25,713,474 1,060,653 97,900 1,010,423 1,130,939 522,687 53,327,784 1,477,209 62,523 35,997 35,997 254,559 11,898 26,950 70,000 341,951 335 14,222 1,317 361,626 61,242,098 98,862 910,046 Debt Service Funds Stadium District Fund Capital Projects Funds Bank One Ballpark Project Reserve Fund Bond Funds County Improvement Fund Flood Control Capital Projects Fund General Fund County Improvement Fund Intergovernmental Capital Improvements Fund Jail Construction Fund Transportation Capital Projects Fund Transfers Out 361,626 56,590 7,492 200,499 1,010,423 1,296,211 53,327,784 1,000,000 2,769,329 47,591,538 61,242,098 Enterprise Funds Non-AHCCCS Health Plans Fund 1,017,002 77 15,273,620 7,735,001 1,130,939 Notes to the Financial Statements (Continued) Due From Other Funds Funds Internal Service Funds Employee Benefits Trust Fund Equipment Services Fund Reprographics Fund Sheriff Warehouse Fund Total Due To Other Funds Transfers In Transfers Out 7,545,007 1,884,669 9,608 $ 22,997,708 $ 709,538 22,997,708 Transfer of capital assets and long-term debt to/from governmental activities: Medical Center Fund (Enterprise Fund) Reprographics Fund (Internal Service Fund) Total $ 416,855,838 420,781,261 25,713,474 9,608 21,797,659 442,578,920 $ 442,578,920 NOTE 20 – 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 fiscal year ended June 30, 2005, through disproportionate share settlements established by Laws 2004, Second Regular Session, Chapter 275 and Laws 2005, First Regular Session, Chapter 3. AHCCCS was directed to distribute such settlements based on various qualifying criteria and allocation processes. Laws 2004 and 2005 appropriated disproportionate share settlement amounts to be distributed to the hospitals for the fiscal year ended June 30, 2005. The Medical Center’s share of the settlement for the year ended June 30, 2005 (including its transition to the Maricopa County Special Health Care District), totaled $87,732,400. However, Laws 2005 also mandated the reimbursement of $83,530,100 through the State Treasurer to the State General Fund. For the six-month period ended December 31, 2004, $2,101,152 related to these settlements is recognized as revenue in the Maricopa Medical Center Fund. NOTE 21 – 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 Provision for uncollectible accounts Net patient service revenues 413,950,820 (148,916,452) (68,698,942) (41,941,975) 154,393,451 Other operating revenues: Miscellaneous Disproportionate share settlement Total other operating revenues 2,145,791 2,101,152 4,246,943 Total operating revenues $ 78 158,640,394 Notes to the Financial Statements (Continued) NOTE 22 – OTHER MATTERS In the November 2003 general election, the voters approved the creation of the Maricopa County Special Health Care District to operate the Maricopa Integrated Health System. On January 1, 2005, the County transitioned the Medical Center, a major enterprise fund, to the Maricopa County Special Health Care District, a separate legal entity, and the Medical Center will no longer be included in the County’s reporting entity. As the County will no longer be operating the Medical Center, a loss on closure of business activity of $108,765,405 was reported as a special item on the financial statements for the fiscal year ended June 30, 2005. As a result of the transition, the Medical Center transferred to the County net capital assets of $25,713,474 and long-term debt of $21,797,659. See Note 11 – Capital Assets and Note 13 – Long-term Liabilities for additional information. The net assets transferred to Maricopa County’s general government were as follows: Capital assets (net of accumulated depreciation of $18,950,951) Current portion of long-term debt Long-term debt Net assets transferred $ $ 25,713,474 (2,041,917) (19,755,742) 3,915,815 NOTE 23 – SUBSEQUENT EVENTS 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; those bonds maturing on or after July 1, 2012, are callable on July 1, 2011, and are redeemable at par plus accrued interest. On August 29, 2005, the Maricopa County Board of Supervisors approved the transfer and assignment of the Arizona Health Care Cost Containment System (AHCCCS) – Acute Health Care program to the Maricopa County Special Health Care District, a separate legal entity, effective October 1, 2005. All liabilities prior to the transfer to the District will remain with Maricopa County. Effective September 30, 2005, the Arizona Long-Term Care System (ALTCS) program was discontinued by Maricopa County and all liabilities associated with the operations will remain with Maricopa County. On September 30, 2005, the County entered into a $7,000,000 irrevocable standby letter of credit issued to AHCCCS for the benefit of the Maricopa County Special Health Care District, a separate legal entity, to guarantee contractual obligations. The irrevocable standby letter of credit matures on June 30, 2006. The letter of credit was reserved against the County’s municipal revolving line of credit. On September 30, 2005, the County provided a $5,347,350 loan to the Maricopa County Special Health Care District, a separate legal entity, for AHCCCS equity requirements per the terms of the Assistance Package Intergovernmental Agreement and will be paid by the District by 2008. The assistance package also provided for the miscellaneous reimbursement of expenditures of $433,000 due in 2015 and will be reported as an intergovernmental loan for fiscal year 2006. See Note 10 – Intergovernmental Loans for additional information. 79 80 Financial Section Required Supplementary Information Maricopa County Required Supplementary Information Budgetary Comparison Schedule General Fund For the Fiscal Year Ended June 30, 2005 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 $ 322,613,675 305,075,733 327,639,638 1,256,292 1,984,742 38,426,378 996,996,458 Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing uses Net change in fund balances Fund balances – beginning Increase in reserve for inventory of supplies Fund balances – ending 357,669,263 1,463,436 500,805,963 22,526,763 12,208,032 8,239,959 902,913,416 357,669,263 1,463,436 585,181,063 21,714,175 12,148,020 8,267,559 986,443,516 ACTUAL AMOUNTS $ 360,027,509 1,494,042 615,339,839 26,032,203 15,719,102 15,191,288 1,033,803,983 VARIANCE WITH FINAL BUDGET POSITIVE (NEGATIVE) $ 2,358,246 30,606 30,158,776 4,318,028 3,571,082 6,923,729 47,360,467 259,704,681 320,024,625 330,992,583 1,234,622 2,020,547 38,981,264 952,958,322 134,157,777 317,499,237 316,750,316 1,245,500 1,920,743 11,988,881 783,562,454 125,546,904 2,525,388 14,242,267 (10,878) 99,804 26,992,383 169,395,868 (94,083,042) 33,485,194 250,241,529 216,756,335 133,499,730 (169,199,149) (35,699,419) 50,629,230 (213,822,958) (163,193,728) 50,041,020 (188,318,110) (138,277,090) (129,782,461) 129,782,461 (129,708,534) 129,782,461 111,964,439 318,305,892 1,007,123 431,277,454 $ $ The notes to the budgetary comparison schedules are an integral part of this schedule. 83 73,927 $ (588,210) 25,504,848 24,916,638 $ 241,672,973 188,523,431 1,007,123 431,203,527 Maricopa County Required Supplementary Information Budgetary Comparison Schedule by Department General Fund For the Fiscal Year Ended June 30, 2005 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 Office of Communications Call Center General Government Total General Government $ 15,808,899 1,727,168 2,532,036 1,762,186 1,358,665 10,494,469 1,354,842 17,333,572 1,035,910 2,872,815 2,649,479 5,208,429 1,991,183 3,952,730 707,968 1,298,676 289,080,477 361,169,504 $ 16,568,841 1,848,253 2,678,509 1,905,054 1,434,393 13,082,479 1,421,635 17,591,158 1,070,772 2,967,159 2,649,474 5,339,028 2,036,833 4,010,126 753,639 1,398,665 221,946,945 298,702,963 VARIANCE WITH FINAL BUDGET POSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 16,233,444 1,688,763 2,343,596 1,861,168 1,414,920 13,082,479 1,402,243 16,357,914 1,070,772 2,907,759 2,154,412 5,990,370 1,826,135 3,955,477 639,386 1,337,184 71,361,549 145,627,571 $ 335,397 159,490 334,913 43,886 19,473 19,392 1,233,244 59,400 495,062 (651,342) 210,698 54,649 114,253 61,481 150,585,396 153,075,392 PUBLIC SAFETY Adult Probation Emergency Management Clerk of Superior Court County Attorney Trial Courts Constables Correctional Health Juvenile Probation Medical Examiner Indigent Representation Public Fiduciary Sheriff Total Public Safety 45,668,897 155,628 23,181,209 50,280,208 61,268,643 1,780,046 3,461,426 11,832,089 4,154,263 53,888,995 1,983,422 47,246,565 304,901,391 47,261,910 157,548 24,151,565 51,672,876 63,389,672 1,854,923 3,514,260 12,180,474 4,852,181 59,286,532 2,127,889 49,512,886 319,962,716 46,957,500 149,455 24,118,024 51,385,120 63,389,589 1,815,870 2,965,490 12,111,282 4,860,848 59,376,013 2,031,016 48,793,914 317,954,121 HEALTH, WELFARE AND SANITATION Human Services Public Health Animal Care and Control Environmental Services Health Care Mandates Total Health, Welfare and Sanitation 1,787,032 6,545,367 385,109 1,369,912 317,582,085 327,669,505 2,024,890 7,177,536 397,513 1,444,218 319,978,293 331,022,450 2,024,890 7,092,460 385,122 1,163,560 306,148,487 316,814,519 85,076 12,391 280,658 13,829,806 14,207,931 CULTURE AND RECREATION Parks and Recreation 1,271,316 1,249,646 1,245,500 4,146 EDUCATION Superintendent of Schools 1,984,742 2,020,547 1,920,743 99,804 Total General Fund Expenditures $ 996,996,458 $ 952,958,322 The notes to the budgetary comparison schedules are an integral part of this schedule. 84 $ 783,562,454 304,410 8,093 33,541 287,756 83 39,053 548,770 69,192 (8,667) (89,481) 96,873 718,972 2,008,595 $ 169,395,868 Maricopa County Required Supplementary Information Budgetary Comparison Schedule Jail Operations Fund For the Fiscal Year Ended June 30, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Taxes Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures Deficiency of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources (uses) Net change in fund balances Fund balances – beginning Decrease in reserve for inventory of supplies Fund balances (deficit) – ending $ $ ACTUAL AMOUNTS $ 965,652 141,272,644 119,143,064 (68,114) (112,430,633) 855,652 7,499,969 271,532,165 8,857,536 280,389,701 200,538,280 10,912,221 211,450,501 70,993,885 (2,054,685) 68,939,200 (146,617,041) (146,617,026) (70,177,857) 76,439,169 133,176,891 (47,591,538) 85,585,353 133,176,891 (47,591,538) 85,585,353 133,176,891 (47,591,538) 85,585,353 (61,031,688) (61,031,673) 33,852,162 15,407,496 61,455,108 (115,859) 76,746,745 21,232,042 112,430,633 110,000 133,772,675 21,232,042 112,430,633 110,000 133,772,675 271,820,380 8,569,336 280,389,716 (61,031,688) $ (27,179,511) The notes to the budgetary comparison schedules are an integral part of this statement. 85 $ 119,143,064 21,163,928 VARIANCE WITH FINAL BUDGET POSITIVE (NEGATIVE) $ $ 76,439,169 27,602,946 (115,859) 103,926,256 Maricopa County Required Supplementary Information Notes to Budgetary Comparison Schedules June 30, 2005 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 the present value of net minimum capital lease and the resulting capital outlay expenditures resulting from entering into capital lease agreements were not budgeted in the General Fund. In addition, General Fund indirect costs recovery was a budgeted activity, but this activity was 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 Indirect cost adjustment – expenditures Capital lease expenditures Excess of revenues over expenditures from the budgetary comparison schedule 86 $ 251,224,441 (9,367,567) 8,384,655 $ 250,241,529 Maricopa County Required Supplementary Information Notes to Budgetary Comparison Schedules (Continued) June 30, 2005 Note 2 Expenditures in Excess of Appropriations For the year ended June 30, 2005, expenditures exceeded final budget amounts at the department level (the legal level of budgetary control) as follows: Fund/Department General Fund: Indigent Representation Information Technology Medical Examiner Expenditures in excess of appropriations Excess $ $ 89,481 651,342 8,667 749,490 In the future years, the County will closely monitor the departments’ 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, 2005 Public Safety Personnel Retirement System (1) (2) (3) Actuarial Valuation Date Actuarial Value of Plan Assets Actuarial Accrued Liability (AAL) Funding (Liability) Excess (1)-(2) Sheriff 6/30/2005 6/30/2004 6/30/2003 $173,792,874 172,413,414 175,650,468 Actuarial Valuation Date Investigators 6/30/2005 6/30/2004 6/30/2003 $ Actuarial Valuation Date Park Rangers 6/30/2005 6/30/2004 6/30/2003 $ $ 213,513,578 188,073,440 174,502,975 $ (39,720,704) (15,660,026) 1,147,493 (1) (2) (3) Actuarial Value of Plan Assets Actuarial Accrued Liability (AAL) Funding (Liability) Excess (1)-(2) 4,797,091 4,966,109 5,051,638 $ 6,339,312 5,433,252 5,081,502 $ (1,542,221) (467,143) (29,864) (1) (2) (3) Actuarial Value of Plan Assets Actuarial Accrued Liability (AAL) Funding (Liability) Excess (1)-(2) 1,179,036 1,188,032 1,824,733 $ 1,655,140 1,523,115 1,707,868 $ (476,104) (335,083) 116,865 (4) (5) (6) Funded Ratio (1)/(2) Annual Covered Payroll Unfunded Liability as a Percentage of Covered Payroll (3)/(5) 81.4% 91.7% 100.7% $ 33,044,707 30,216,539 27,623,047 (4) (5) (6) Annual Covered Payroll Unfunded Liability as a Percentage of Covered Payroll (3)/(5) Funded Ratio (1)/(2) 75.7% 91.4% 99.4% $ (4) Funded Ratio (1)/(2) 71.2% 78.0% 106.8% $ 568,063 851,891 670,296 120.2% 51.8% N/A 271.5% 54.8% 4.5% (5) (6) Annual Covered Payroll Unfunded Liability as a Percentage of Covered Payroll (3)/(5) 109,426 106,162 540,307 435.1% 315.6% N/A (5) (6) Annual Covered Payroll Unfunded Liability as a Percentage of Covered Payroll (3)/(5) Corrections Officer Retirement Plan (1) (2) (3) Actuarial Valuation Date Actuarial Value of Plan Assets Actuarial Accrued Liability (AAL) Funding (Liability) Excess (1)-(2) 6/30/2005 6/30/2004 6/30/2003 $115,904,413 109,740,199 107,226,835 $ 123,077,303 103,874,650 92,134,847 $ (7,172,890) 5,865,549 15,091,988 88 (4) Funded Ratio (1)/(2) 94.2% 105.6% 116.4% $ 64,454,423 45,405,179 36,431,139 11.1% N/A N/A Maricopa County Required Supplementary Information Modified Approach for Infrastructure Assets For the Fiscal Year Ended June 30, 2005 Condition Rating of Maricopa County Roadway System Percentage of Lane Miles in Very Good or Excellent Condition (71-100) FY 2005 85% Roadway System FY 2004 90% FY 2003 95% FY 2002 95% FY 2001 94% Percentage of Lane Miles in Substandard Condition < 55 FY 2005 3% Roadway System FY 2004 3% FY 2003 1% FY 2002 2% FY 2001 1% Comparison of Estimated to Actual Maintenance/Preservation FY 2005 $ 6,810,821 $ 5,026,451 Estimated Actual FY 2004 $ 6,257,799 $ 4,082,026 $ $ 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 Maricopa County Department of Transportation (MCDOT) Road Management System (RMS), which is based on weighted averages of nine distress factors of the pavement surface. The RMS used 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 85% of the roadways at a very good or excellent condition level. No more than 5% should be in a substandard condition. 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 90% in fiscal year 2004 to 85% in fiscal year 2005. The change in the pavement condition rating to preserve eligible infrastructure assets did not change the estimated annual amount to maintain and preserve those assets. In fiscal year 2006, the County will adopt a policy of maintaining at least 80% 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 2005 99% Bridge System FY 2004 99% FY 2003 99% FY 2002 97% Percentage of Bridges with a Sufficiency Rating < 50 FY 2005 0% Bridge System FY 2004 0% FY 2003 0% FY 2002 1% Comparison of Estimated to Actual Maintenance/Preservation Estimated Actual $ $ FY 2005 251,571 999,505 $ $ 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 2005, 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 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 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. 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. 93 Maricopa County Listing of Nonmajor Governmental Funds (Continued) 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. 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. 94 Maricopa County Listing of Nonmajor Governmental Funds (Continued) 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. Funding is provided by permit and fee pursuant to A.R.S. §49-479 and the Federal Clean Air Act. 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. 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. 95 Maricopa County Listing of Nonmajor Governmental Funds (Continued) 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. 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. 96 Maricopa County Listing of Nonmajor Governmental Funds (Continued) 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. Sheriff Jail Enhancement — Accounts for and segregates enhancements to County jail facilities and operations pursuant to A.R.S. § 41-2401. 97 Maricopa County Listing of Nonmajor Governmental Funds (Continued) Sheriff RICO — Accounts for the funds provided by the sale of confiscated property. Operated by the Sheriff’s Office, RICO consists of all the activity of the Anti-Racketeering Program. 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. Trip Reduction — Trip Reduction was set up to account for all grant activity administered by the County Air Quality 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 Fund — Flood Control Capital Projects was set up administratively as a capital project fund to track capital projects activity of the Flood Control District. Funding is provided by a reimbursement transfer from the Flood Control District which derives its 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. 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, 2005 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 60,029 County Treasurer 5,152,449 1,031,205 540,500 20,127 5,408 2,671 Receivables: Taxes Accrued interest Special assessments Due from other funds 474,942 Due from other governmental units 81,566 Inventories Miscellaneous Cash and investments held by trustee - restricted Total assets $ $ 534,971 $ $ 232,154 $ 5,172,576 $ 1,120,899 $ $ 138,543 $ 543,171 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable $ 259,236 99,536 Employee compensation 8,802 243,472 109,033 51,062 243,472 247,576 59,864 Accrued liabilities 1,060,653 Due to other funds Due to other governmental units Interest payable Special assessment debt with governmental commitment 668,005 Deferred revenue Deposits held for other parties 1,319,889 Total liabilities 999,695 Fund balances: 81,566 Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ (1,319,889) (464,724) 4,929,104 791,757 483,307 (1,319,889) (464,724) 4,929,104 873,323 483,307 $ 100 534,971 $ 5,172,576 $ 1,120,899 $ 543,171 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 $ $ 123,540 $ 5,027,977 100 $ 71,800 $ 184,927 $ 193,156 $ 1,031,585 23,214 150,792 3,630 8,809 5,732,451 199,728 $ $ 123,540 $ 5,259,728 $ 5,804,351 $ 64 $ 239,767 $ 743,877 $ 2,696 8,607 184,927 $ 193,156 $ 1,035,215 $ $ 5,837 $ 81,061 $ 14,838 150,792 1,841 33,149 42,226 7,678 114,210 42,226 6,808 97,900 10,242,708 $ 2,760 353,082 120,780 4,906,646 (5,197,072) 184,927 185,478 921,005 108,566 120,780 4,906,646 (5,197,072) 184,927 185,478 921,005 108,566 123,540 $ 5,259,728 11,001,423 $ 5,804,351 $ 184,927 $ 193,156 $ 1,035,215 $ 150,792 (continued on next page) 101 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2005 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 96,030 County Treasurer 88,929 374,973 363 256,618 Receivables: Taxes Accrued interest Special assessments Due from other funds 200,342 Due from other governmental units Inventories Miscellaneous Cash and investments held by trustee - restricted Total assets $ 296,372 $ $ 1,571 $ 88,929 $ 374,973 $ 363 $ 257,068 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable $ 6,093 Employee compensation 2,434 $ $ 50,439 4,772 15,424 Accrued liabilities Due to other funds Due to other governmental units Interest payable Special assessment debt with governmental commitment 424,328 Deferred revenue 363 Deposits held for other parties Total liabilities 431,992 2,434 50,439 363 20,196 (135,620) 86,495 324,534 236,872 (135,620) 86,495 324,534 236,872 Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 296,372 $ 88,929 102 $ 374,973 $ 363 $ 257,068 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 $ $ $ $ $ 730,426 1,054,136 804,835 1,030,797 3,379 4,544 3,764 4,659 $ 290,742 $ 490,287 418,962 332,614 92,210 $ 733,805 $ $ 1,058,680 $ $ 15,355 $ 34,981 4,620 808,599 $ 1,460,280 $ 19,447 $ $ 33,515 290,742 $ 490,287 $ $ $ 129,443 418,962 1,321 10,086 1,634,172 $ 34,981 19,975 33,515 698,824 1,038,705 775,084 (322,782) 290,742 490,287 407,555 698,824 1,038,705 775,084 (322,782) 290,742 490,287 407,555 733,805 $ 1,058,680 $ 808,599 1,783,062 $ 1,460,280 11,407 $ 290,742 $ 490,287 $ 418,962 (continued on next page) 103 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2005 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 219,461 County Treasurer 205,440 568,518 399,524 5,658,936 Receivables: Taxes 21,900 Accrued interest Special assessments Due from other funds 97,603 Due from other governmental units Inventories Miscellaneous Cash and investments held by trustee - restricted Total assets $ 219,461 $ 184 $ 205,440 $ 568,518 $ 497,127 $ 5,681,536 $ 11,063 $ 100,888 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable $ $ 34,111 Employee compensation 6,325 18,034 125,666 Accrued liabilities Due to other funds Due to other governmental units Interest payable Special assessment debt with governmental commitment 527,014 Deferred revenue Deposits held for other parties Total liabilities 34,295 6,325 556,111 226,554 185,166 199,115 568,518 (58,984) 5,454,982 185,166 199,115 568,518 (58,984) 5,454,982 Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 219,461 $ 205,440 104 $ 568,518 $ 497,127 $ 5,681,536 SPECIAL REVENUE FUNDS ENVIRONMENTAL SERVICES ENVIRONMENTAL EXPEDITED GENERAL HUMAN ENVIRONMENTAL SERVICES CHILD FLOOD GOVERNMENT SERVICES JUROR HEALTH GRANTS SUPPORT CONTROL GRANTS GRANTS IMPROVEMENT $ $ $ 4,200,626 $ 245,549 50 $ 12,277,744 $ 387,460 3,777 $ 57,299 31,159 1,514,774 23,300 186,645 694,103 10,322,210 7,403,309 66,327 110,588 $ $ 4,223,926 $ 18,811 $ 284,573 694,103 $ 245,549 $ 12,109 $ 24,478,338 $ 387,460 $ 7,464,385 $ $ 6,531,616 $ 445 $ 1,993,414 $ 10,907 307,679 450,449 40,033 8,081 522,687 1,477,209 845,277 303,384 31,159 927,514 1,380,073 10,907 8,133,064 7,806,842 445 12,054,136 8,081 66,327 $ 3,920,542 (685,970) 234,642 16,605,169 387,015 (4,589,751) 23,078 3,920,542 (685,970) 234,642 16,671,496 387,015 (4,589,751) 23,078 4,223,926 $ 694,103 $ 245,549 $ 24,478,338 $ 387,460 $ 7,464,385 $ 31,159 (continued on next page) 105 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2005 SPECIAL REVENUE FUNDS JUSTICE JUVENILE JUSTICE JUSTICE COURT PROBATION JUVENILE COURT COURT JUDICIAL DIVERSION PROBATION ENHANCEMENT GRANTS ENHANCEMENT FEES GRANTS ASSETS Cash in bank and on hand $ $ $ $ $ Cash and investments held by 3,043,907 County Treasurer 11,841 2,188,707 533,656 1,310,020 9,879 2,354 6,335 Receivables: Taxes 12,104 Accrued interest Special assessments Due from other funds 728,084 Due from other governmental units Inventories Miscellaneous Cash and investments held by trustee - restricted Total assets $ 3,056,011 $ 11,841 $ 2,198,586 $ $ 17,900 $ 4,672 $ 122,422 $ 536,010 $ 2,044,439 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable 24,436 Employee compensation 3,816 10,860 $ 4,756 14,710 367,742 Accrued liabilities Due to other funds Due to other governmental units Interest payable Special assessment debt with governmental commitment 3,353 Deferred revenue 2,394,454 Deposits held for other parties 42,336 Total liabilities 11,841 133,282 4,756 2,776,906 3,013,675 2,065,304 531,254 (732,467) 3,013,675 2,065,304 531,254 (732,467) Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 3,056,011 $ 106 11,841 $ 2,198,586 $ 536,010 $ 2,044,439 SPECIAL REVENUE FUNDS JUVENILE LEGAL PROBATION JUVENILE LAW DEFENDER SPECIAL FEES RESTITUTION LIBRARY FILL THE GAP $ $ 913,177 $ 86,750 $ MEDICAL LIBRARY $ 401,127 12,238 2,715 LIBRARY EXAMINER GRANTS GRANTS $ 8,587,841 $ 1,431 406,544 3,901 39,747 467 $ $ 917,078 $ 2,336 $ 86,750 $ 401,127 $ $ 50,416 $ 12,238 21,993 $ 9,036,847 $ $ 1,617,563 $ 1,433 1,898 249,013 $ 249,013 $ 225,015 62,523 327,534 24,329 $ 321,687 1,898 435,503 1,898 498,026 50,416 1,433 2,491,799 892,749 86,750 350,711 10,805 6,545,048 (249,013) 892,749 86,750 350,711 10,805 6,545,048 (249,013) 917,078 $ 86,750 $ 401,127 $ 12,238 $ 9,036,847 $ 1,898 $ 249,013 (continued on next page) 107 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2005 SPECIAL REVENUE FUNDS PARKS AND PARKS PALO RECREATION PARKS PARKS LAKE VERDE GRANTS DONATIONS ENHANCEMENT PLEASANT ASSETS Cash in bank and on hand $ $ $ $ 200 $ 280 Cash and investments held by 225,948 County Treasurer 101,608 1,290,111 2,417,717 1,728,190 5,792 11,030 8,097 Receivables: Taxes Accrued interest Special assessments Due from other funds Due from other governmental units Inventories Miscellaneous Cash and investments held by trustee - restricted Total assets $ 225,948 $ 101,608 $ 1,295,903 $ 2,428,947 $ 1,736,567 195 $ 26,798 $ 33,786 $ 51,425 $ 16,399 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable $ 4,832 Employee compensation 65,967 17,019 Accrued liabilities 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 5,027 26,798 33,786 117,392 33,418 220,921 74,810 1,262,117 2,311,555 1,703,149 220,921 74,810 1,262,117 2,311,555 1,703,149 Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 225,948 $ 108 101,608 $ 1,295,903 $ 2,428,947 $ 1,736,567 SPECIAL REVENUE FUNDS PARKS SPUR PLANNING PLANNING PUBLIC PUBLIC PARKS CROSS AND PROJECT PROBATE DEFENDER DEFENDER SOUVENIR RANCH DEVELOPMENT FEES PROGRAMS FILL THE GAP GRANTS $ $ 25,648 80 $ 389,482 400 $ $ 17,386,698 648,564 81,697 2,790 $ $ 220,463 560,162 $ 25,648 $ $ 647 $ 389,562 $ 17,468,795 $ 81 $ 274,446 $ 2,938 276,255 651,354 $ 220,463 $ 4,587 25,442 $ 560,162 $ $ 53,480 $ 10,421 25,442 26,035 13,544 254,559 11,898 25,442 486,228 $ 647 3,019 1,036,929 4,587 10,421 334,074 25,001 386,543 16,431,866 646,767 210,042 226,088 25,001 386,543 16,431,866 646,767 210,042 226,088 25,648 $ 389,562 $ 17,468,795 $ 651,354 $ 220,463 $ 560,162 $ 25,442 (continued on next page) 109 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2005 SPECIAL REVENUE FUNDS PUBLIC PUBLIC DEFENDER PUBLIC HEALTH RECORDER’S TRAINING HEALTH PHARMACY SURCHARGE ASSETS Cash in bank and on hand $ $ 1,500 $ 1,700 $ Cash and investments held by 4,146 County Treasurer 1,253,411 1,631,730 10,456,313 7,002 6,221 45,767 Receivables: Taxes Accrued interest Special assessments Due from other funds Due from other governmental units 6,017,953 Inventories 1,261,289 89,957 Miscellaneous Cash and investments held by trustee - restricted Total assets $ 4,146 $ 8,541,155 $ 1,729,608 $ 10,502,080 $ 4,280 $ 1,203,268 $ 244,934 $ 357,719 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable 3,072 Employee compensation 495,253 61,368 68,564 13,009,010 306,302 426,283 1,261,289 89,957 1,414 Accrued liabilities Due to other funds Due to other governmental units Interest payable Special assessment debt with governmental commitment 11,309,075 Deferred revenue Deposits held for other parties 7,352 Total liabilities Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ (3,206) (5,729,144) 1,333,349 10,075,797 (3,206) (4,467,855) 1,423,306 10,075,797 4,146 $ 110 8,541,155 $ 1,729,608 $ 10,502,080 SPECIAL REVENUE FUNDS SHERIFF RESEARCH INMATE AND REPORTING $ RICO $ 126,058 871,395 SHERIFF HEALTH JAIL SHERIFF DONATIONS GRANTS SERVICES ENHANCEMENT RICO $ 10,946,804 SHERIFF SHERIFF $ $ 32,417 $ 550,771 $ 187,705 4,697 50,734 808,207 10,815 $ $ 126,058 953 $ 11,868,933 $ $ $ 32,417 $ 808,207 $ $ 323,758 $ 7,704 198,520 $ 550,771 $ 4,697 $ 6,435 $ 16,007 45,050 1,853,211 341,951 335 14,222 6,770 30,229 10,015,722 844,974 8,657 $ 11,868,933 1,555,733 117,401 32,417 (747,526) 198,520 544,001 (25,532) 117,401 32,417 (747,526) 198,520 544,001 (25,532) 126,058 $ 11,868,933 $ 32,417 $ 808,207 $ 198,520 $ 550,771 $ 4,697 (continued on next page) 111 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2005 SPECIAL REVENUE FUNDS SMALL SHERIFF SCHOOLS SPECIAL SPECIAL SPORTS STADIUM STREET FUNDING PROGRAM AUTHORITY DISTRICT LIGHTING ASSETS Cash in bank and on hand $ $ 200 $ 76,785 $ $ Cash and investments held by County Treasurer 10,910,801 654,872 2,518,772 49,060 3,011 11,209 2,418,672 Receivables: Taxes Accrued interest Special assessments Due from other funds Due from other governmental units Inventories 575,805 Miscellaneous 8,500 Cash and investments held by trustee - restricted Total assets $ 11,535,666 $ 658,083 $ 85,285 $ 2,529,981 $ 2,418,672 $ 223,215 $ 423,737 $ 26,581 $ 6,014 $ 301,451 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable 88,781 Employee compensation 17,528 194 Accrued liabilities 1,317 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 312,190 441,265 26,581 7,331 301,451 11,223,476 216,818 58,704 2,522,650 2,117,221 11,223,476 216,818 58,704 2,522,650 2,117,221 Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 11,535,666 $ 112 658,083 $ 85,285 $ 2,529,981 $ 2,418,672 SPECIAL REVENUE FUNDS SUPERIOR SUPERIOR SUPERIOR COURT COURT COURT JUDICIAL COURT TAXPAYERS’ FILL THE GAP GRANTS ENHANCEMENT SPECIAL INFORMATION $ $ 343,274 $ 97,607 SUPERIOR $ $ 1,697,551 2,547,753 7,428 10,432 400,247 47,842 $ $ 343,274 $ 145,449 $ 1,704,979 $ 2,558,185 $ 3,908 $ 59,748 $ 45,823 $ 252,581 $ 43,651 38,549 18,877 400,247 105,313 31,000 90,843 47,559 $ 189,140 64,700 388,894 295,715 (43,691) 1,640,279 2,169,291 400,247 295,715 (43,691) 1,640,279 2,169,291 400,247 343,274 $ 145,449 $ 1,704,979 $ 2,558,185 $ 400,247 (continued on next page) 113 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2005 SPECIAL REVENUE FUNDS UNORGANIZED TRANSPORTATION TRANSPORTATION TRIP TERRITORY GRANTS REDUCTION TRANSPORTATION ASSETS Cash in bank and on hand $ 550 $ $ $ Cash and investments held by 6,472,419 County Treasurer 637,846 Receivables: Taxes 236,021 Accrued interest Special assessments Due from other funds 17,535,614 Due from other governmental units 829,079 Inventories Miscellaneous Cash and investments held by trustee – restricted Total assets $ 25,073,683 $ $ 3,808,093 $ $ $ 637,846 $ 303,632 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable 741,306 Employee compensation 233,978 $ 35,240 98,862 910,046 2,878,307 Accrued liabilities 275,485 2,829 779 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 124,023 14,114 7,551,729 349,783 1,221,550 303,632 16,692,875 (349,783) (1,221,550) 334,214 17,521,954 (349,783) (1,221,550) 334,214 Fund balances: 829,079 Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 25,073,683 $ 114 $ $ 637,846 SPECIAL REVENUE FUNDS DEBT SERVICE FUNDS WASTE VICTIM TIRE LOCATION PROGRAM $ $ 76,057 TOTAL $ 6,239,516 1,514,373 SPECIAL STADIUM ASSESSMENTS DISTRICT $ 144,640,566 $ 230,151 TOTAL $ 602 230,753 1,921,318 28,999 942,851 34,316 34,316 200,201 200,201 8,809 51,230,358 912,002 912,002 9,373,608 9,373,608 2,328,218 887,058 110,588 $ 76,057 $ $ 6,268,515 $ 203,584,139 $ $ 437,020 $ 21,254,124 $ 1,006 7,680 430,352 $ 10,320,528 $ $ 10,750,880 $ 5,006,768 4,788,827 4,854,162 10,374,256 9,468 39,290,460 9,468 28,533 28,533 199,337 199,337 237,338 237,338 138,137 1,006 444,700 85,706,734 2,328,218 $ 75,051 5,823,815 115,549,187 75,051 5,823,815 117,877,405 76,057 $ 6,268,515 $ 203,584,139 $ 193,014 10,320,528 10,513,542 193,014 10,320,528 10,513,542 430,352 $ 10,320,528 $ 10,750,880 (continued on next page) 115 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2005 CAPITAL PROJECTS FUNDS BANK ONE FLOOD BALLPARK CONTROL PROJECT BOND COUNTY CAPITAL RESERVE FUNDS IMPROVEMENT PROJECTS ASSETS Cash in bank and on hand $ $ $ $ Cash and investments held by 4,955 County Treasurer 556,841 33,692,887 27,915,747 Receivables: Taxes 76,553 Accrued interest 150,599 Special assessments 56,590 Due from other funds 355 Due from other governmental units Inventories Miscellaneous 9,736,341 Cash and investments held by trustee – restricted Total assets 1,280,488 $ 9,874,794 $ 556,841 $ 35,123,974 $ 27,915,747 $ 518,368 $ 34,913 $ 3,662,968 $ 12,323,046 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable 55,516 Employee compensation 450 Accrued liabilities Due to other funds 7,492 200,499 525,860 235,862 3,662,968 12,378,562 9,348,934 320,979 31,461,006 15,537,185 9,348,934 320,979 31,461,006 15,537,185 Due to other governmental units Interest payable Special assessment debt with governmental commitment Deferred revenue Deposits held for other parties Total liabilities Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 9,874,794 116 $ 556,841 $ 35,123,974 $ 27,915,747 CAPITAL PROJECTS INTERGENERAL FUND TOTAL GOVERNMENTAL COUNTY CAPITAL JAIL CAPITAL IMPROVEMENT PROJECTS CONSTRUCTION PROJECTS $ $ $ 14,979,608 9,122,924 67,628 42,517 NONMAJOR TRANSPORTATION $ GOVERNMENTAL TOTAL $ 44,435,747 13,539,343 FUNDS $ 1,514,373 144,248,052 289,119,371 337,297 1,314,464 1,921,318 200,201 1,810,386 56,590 65,399 1,810,741 53,953,101 2,328,218 887,058 11,016,829 20,501,025 $ 15,047,236 $ 9,165,441 $ 13,539,343 $ 46,246,133 $ 157,469,509 $ 371,804,528 $ 1,859,567 $ 157,918 $ 663,277 $ 7,173,130 $ 26,393,187 $ 47,647,311 58,916 3,400 5,065,684 450 4,789,277 207,991 5,062,153 10,374,256 9,468 28,533 39,489,797 1,859,567 161,318 663,277 1,196,419 1,196,419 1,334,556 8,369,549 27,856,963 113,801,035 2,328,218 10,513,542 $ 13,187,669 9,004,123 12,876,066 37,876,584 129,612,546 245,161,733 13,187,669 9,004,123 12,876,066 37,876,584 129,612,546 258,003,493 15,047,236 $ 9,165,441 $ 13,539,343 $ 46,246,133 $ 157,469,509 $ 371,804,528 (continued on next page) 117 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds For the Fiscal Year Ended June 30, 2005 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 $ $ $ 4,751,660 123,222 12,818,706 2,289,894 15,108,600 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 ADULT PROBATION SERVICES ANIMAL CARE AND CONTROL $ 83,019 9,349,452 5,206,309 7,921,695 $ 3,649,296 22,104 1,854,851 9,158,535 107,898 3,861 4,878,743 ANIMAL CARE AND CONTROL FIELD SERVICES 5,263 2,735,013 6,724 15,528 5,541,779 4,709 2,751,709 5,000,124 2,317,812 13,925,619 5,206,309 7,921,695 152,645 5,152,769 252,340 2,570,152 (784,771) (327,566) 1,427,757 389,010 181,557 (784,771) (327,566) 1,427,757 389,010 181,557 (535,118) (137,158) 3,501,347 499,081 301,750 1,967,752 15,893,371 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 Increase (decrease) in reserve for Inventories Fund balances (deficit) at end of year (14,768) $ (1,319,889) $ 118 (464,724) $ 4,929,104 $ 873,323 $ 483,307 SPECIAL REVENUE FUNDS ANIMAL CARE AND CONTROL GRANTS AND DONATIONS BANK ONE BALLPARK OPERATIONS $ $ CDBG HOUSING TRUST $ CHILD SUPPORT ENHANCEMENT $ $ 3,279,135 57,751 1,000 4,187,323 4,187,323 310,361 369,112 CLERK OF COURT EDMS $ CLERK OF COURT FILL THE GAP $ 73,340 3,648 76,988 3,279,135 246,300 CHILDREN’S ISSUES EDUCATION 106,034 1,899,397 506,000 834,287 4,172 110,206 7,666 1,907,063 2,275 1,342,562 89,228 1,352,246 1,392,234 1,392,234 8,459,885 26,453 8,459,885 26,453 89,228 46,688 1,398,934 (5,180,750) 50,535 20,978 508,129 (49,672) (5,180,750) 50,535 20,978 508,129 (49,672) (16,322) 134,392 164,500 412,876 1,040,616 2,000,000 335,677 800 247,100 3,376,293 122,012 811,030 (1,010,423) (1,010,423) (199,393) 122,012 5,106,039 (1,232) $ 120,780 $ 4,906,646 $ (5,197,072) $ 184,927 $ 185,478 $ 921,005 158,238 $ 108,566 (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, 2005 SPECIAL REVENUE FUNDS CLERK OF COURT SPOUSAL MAINTENANCE ENFORCEMENT CLERK OF COURT GRANTS REVENUES Taxes Licenses and permits Intergovernmental Charges for services Fines and forfeits Special assessment Miscellaneous Total revenues $ $ CONCILIATION COURT SPECIAL $ COUNTY ATTORNEY CHECK ENFORCEMENT PROGRAM CORRECTIONAL HEALTH GRANTS $ $ 88,656 1,275,584 105,560 1,634,097 698,347 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 6,943 1,282,527 2,176 107,736 4,753 1,638,850 1,277,731 84,192 1,570,495 5,006 703,353 88,656 719,031 49,546 Excess (deficiency) of revenues over expenditures 1,277,731 84,192 1,570,495 49,546 4,796 23,544 68,355 39,110 (15,678) 4,796 23,544 68,355 39,110 (15,678) 62,951 256,179 (39,110) 252,550 719,031 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 (140,416) Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ (135,620) $ 86,495 120 $ 324,534 $ $ 236,872 SPECIAL REVENUE FUNDS COUNTY ATTORNEY CRIMINAL JUSTICE ENHANCEMENT COUNTY ATTORNEY DRUG DIVERSION $ $ COUNTY ATTORNEY FILL THE GAP $ COUNTY ATTORNEY GRANTS $ 448,062 715,530 1,476,082 COUNTY ATTORNEY VICTIM COMPENSATION AND ASSISTANCE $ $ COURT AUTOMATION $ 6,733,234 674,397 899,572 108,150 12,639 1,488,721 22,897 922,469 25,031 1,188,623 19,925 6,753,159 1,154,574 999,000 1,264,423 1,154,574 999,000 1,264,423 5,443 113,593 20,476 20,476 8,504 682,901 6,598,125 1,988 568,383 16,686 6,614,811 1,988 9,110 577,493 334,147 (76,531) (75,800) 138,348 113,593 18,488 105,408 334,147 (76,531) (75,800) 138,348 113,593 18,488 105,408 850,884 (461,130) 177,149 471,799 302,147 1,115,236 364,677 $ COUNTY ATTORNEY VICTIM COMPENSATION AND RESTITUTION 698,824 $ 1,038,705 $ 775,084 $ (322,782) $ 290,742 $ 490,287 $ 407,555 (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, 2005 SPECIAL REVENUE FUNDS DOMESTIC RELATIONS EDUCATION DOCUMENT RETRIEVAL REVENUES Taxes Licenses and permits Intergovernmental Charges for services Fines and forfeits Special assessment Miscellaneous Total revenues $ $ ECONOMIC DEVELOPMENT $ EMERGENCY MANANGEMENT $ ENVIRONMENTAL SERVICES $ 6,194,237 727,864 178,692 1,073,006 139,886 1,126,485 4,601 183,293 2,190 1,075,196 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 1,057,556 14,167 154,053 8,262 736,126 67,284 700,773 111,746 7,432,468 181,073 Excess (deficiency) of revenues over expenditures 6,084,705 1,057,556 181,073 67,284 13,533 714,306 153,240 6,237,945 17,640 2,220 86,769 21,820 1,194,523 OTHER FINANCING SOURCES (USES) Transfers in Transfers out Proceeds from bond issuance Total other financing sources (uses) 1,130,939 1,130,939 Net change in fund balances Fund balances (deficit) at beginning of year 17,640 2,220 86,769 21,820 2,325,462 167,526 196,895 481,749 (80,804) 3,129,520 Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ 185,166 $ 199,115 122 $ 568,518 $ (58,984) $ 5,454,982 SPECIAL REVENUE FUNDS ENVIRONMENTAL SERVICES ENVIRONMENTAL HEALTH ENVIRONMENTAL SERVICES GRANTS $ $ EXPEDITED CHILD SUPPORT $ FLOOD CONTROL GRANTS FLOOD CONTROL $ 9,512,044 2,574,582 55,740,862 2,315,702 12,718,726 $ GENERAL GOVERNMENT GRANTS $ HUMAN SERVICES GRANTS $ 321,717 30,000 33,336,439 2,775,016 73,550,306 321,717 9,955 39,955 229,890 33,566,329 27,647,862 264,881 370,536 661,296 27,892 14,111 2,588,693 1,136,274 11,337,506 6,859 377,395 9,981 10,172,458 1,653,835 407,136 35,060,918 203,225 10,375,683 55,759 1,709,594 407,136 937,533 28,585,395 264,881 9,981 961,823 879,099 (29,741) 44,964,911 56,836 29,974 (2,182,790) 688,201 35,749,119 (53,327,784) (53,327,784) 961,823 879,099 2,958,719 (1,565,069) (29,741) (8,362,873) 56,836 29,974 (2,182,790) 264,383 25,150,517 (56,836) 357,041 (2,406,961) (116,148) $ 3,920,542 $ (685,970) $ 234,642 $ 16,671,496 $ $ 387,015 $ (4,589,751) (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, 2005 SPECIAL REVENUE FUNDS JUSTICE COURT ENHANCEMENT JUROR IMPROVEMENT REVENUES Taxes Licenses and permits Intergovernmental Charges for services Fines and forfeits Special assessment Miscellaneous Total revenues $ $ JUSTICE COURT GRANTS $ JUSTICE COURT JUDICIAL ENHANCEMENT $ JUVENILE PROBATION DIVERSION FEES $ 147,108 2,405,417 292,934 621,968 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 55,158 55,158 50,499 2,455,916 520 147,628 51,956 673,924 9,975 302,909 107,465 1,300,199 147,628 715,043 184,469 107,465 1,300,199 147,628 51,177 766,220 184,469 (52,307) 1,155,717 (92,296) 118,440 (52,307) 1,155,717 (92,296) 118,440 75,385 1,857,958 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 2,157,600 412,814 Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ 23,078 $ 3,013,675 124 $ $ 2,065,304 $ 531,254 SPECIAL REVENUE FUNDS JUVENILE PROBATION SPECIAL FEES JUVENILE PROBATION GRANTS $ $ $ LEGAL DEFENDER FILL THE GAP LAW LIBRARY $ $ LIBRARY GRANTS LIBRARY $ 15,816,020 $ 46,000 187,713 69,730 524,083 72,412 902,664 272 46,272 740,225 17,337,771 75,433 810,660 44,685 14,688,988 47,602 14,182,697 1,599 863,183 90 827,423 2,829 13,153 14,197,449 19,095 882,278 16,137 16,227 14,149,031 916,150 27,240 75,433 14,149,031 916,150 27,240 810,660 44,685 1,029,491 15,718,479 47,602 48,418 (33,872) (11,013) 92,004 1,587 1,619,292 27,831 48,418 (33,872) (11,013) 92,004 1,587 1,619,292 27,831 926,621 97,763 258,707 9,218 4,925,756 (27,831) (780,885) $ JUVENILE RESTITUTION (732,467) $ 892,749 $ 86,750 $ 350,711 $ 10,805 $ 6,545,048 $ (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, 2005 SPECIAL REVENUE FUNDS MEDICAL EXAMINER GRANTS REVENUES Taxes Licenses and permits Intergovernmental Charges for services Fines and forfeits Special assessment Miscellaneous Total revenues $ OLD COURTHOUSE PALO VERDE $ $ 28,826 12,984 41,810 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 PARKS AND RECREATION GRANTS $ PARKS DONATIONS $ 258,628 140,008 5,290 263,918 2,080 142,088 244,039 244,039 87,586 276,353 59 210,114 45,347 Excess (deficiency) of revenues over expenditures 28,000 73,347 59 210,114 87,586 276,353 (31,537) (59) 53,804 54,502 (32,314) (31,537) (59) 53,804 54,502 (32,314) (217,476) 59 167,117 20,308 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 1,294,431 Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ (249,013) $ $ 126 220,921 $ 74,810 $ 1,262,117 SPECIAL REVENUE FUNDS PARKS LAKE PLEASANT PARKS ENHANCEMENT $ $ PARKS SPUR CROSS RANCH PARKS SOUVENIR $ $ PLANNING AND DEVELOPMENT $ PLANNING PROJECT FEES $ 8,352,032 336,250 1,844,657 10,692 95,314 1,323,117 1,207 707,114 2,898,713 99,232 1,518,870 415,000 32,206 112,067 112,067 PROBATE PROGRAMS $ 196,525 4,145,860 2,360 9,268 456,474 391,370 425,979 12,926,231 13,202 209,727 3,643 395,013 12,352,864 160,377 310,191 2,239,209 1,287,200 76,067 304,970 52,217 2,291,426 15,281 1,302,481 76,067 18,770 323,740 131,577 12,484,441 160,377 310,191 607,287 216,389 36,000 132,734 441,790 49,350 84,822 35,997 (35,997) (35,997) 35,997 $ 643,284 216,389 3 132,734 441,790 49,350 84,822 1,668,271 1,486,760 24,998 253,809 15,990,076 597,417 125,220 2,311,555 $ 1,703,149 $ 25,001 $ 386,543 $ 16,431,866 $ 646,767 $ 210,042 (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, 2005 SPECIAL REVENUE FUNDS PUBLIC DEFENDER GRANTS PUBLIC DEFENDER FILL THE GAP REVENUES Taxes Licenses and permits Intergovernmental Charges for services Fines and forfeits Special assessment Miscellaneous Total revenues $ $ 316,879 401,666 7,056 323,935 1,242,014 401,666 433,907 401,666 433,907 1,646 PUBLIC HEALTH PHARMACY PUBLIC HEALTH $ 10,869 1,354,889 111,229 1,353,243 Excess (deficiency) of revenues over expenditures $ 401,666 939,582 404,438 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 PUBLIC DEFENDER TRAINING (109,972) $ 39,453,601 141,155 3,036,579 16,170 39,610,926 32,575 3,069,154 42,044,103 3,088,432 63,632 42,107,735 5,768 3,094,200 (2,496,809) (25,046) OTHER FINANCING SOURCES (USES) Transfers in Transfers out Proceeds from bond issuance Total other financing sources (uses) 26,950 26,950 Net change in fund balances 1,646 Fund balances (deficit) at beginning of year 224,442 (109,972) (2,496,809) 1,904 106,766 (2,423,007) 1,456,104 Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year 451,961 $ 226,088 $ $ 128 (3,206) $ (4,467,855) (34,702) $ 1,423,306 SPECIAL REVENUE FUNDS RESEARCH AND REPORTING RECORDER’S SURCHARGE $ $ SHERIFF DONATIONS RICO $ $ SHERIFF INMATE HEALTH SERVICES SHERIFF GRANTS $ $ SHERIFF JAIL ENHANCEMENT $ 3,874,832 45,398 6,663,348 1,205,684 138,076 1,164,060 191,801 6,900,547 329,401 329,401 4,530,206 285,345 552,907 5,083,113 1,164,060 15,920 15,920 62,137 3,945,157 3,119 141,195 1,282 1,206,966 1,150,060 12,223 3,188,587 19,612 1,238,362 14,000 1,164,060 12,223 400,027 3,588,614 19,612 178,525 1,416,887 44,056 3,697 356,543 121,583 (209,921) 44,056 3,697 356,543 121,583 (209,921) 73,345 28,720 76,937 753,922 285,345 1,817,434 8,188 70,000 70,000 1,887,434 8,188,363 $ 10,075,797 $ 117,401 $ $ 32,417 (1,104,069) $ (747,526) $ 198,520 $ 544,001 (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, 2005 SPECIAL REVENUE FUNDS SHERIFF RICO 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 $ STADIUM DISTRICT $ 1,703,146 825,820 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 825,820 11,697,418 11,697,418 645,156 7,818,931 60,389 1,763,535 566,857 566,857 55,188 55,188 567,305 285,517 285,517 1,502,985 Excess (deficiency) of revenues over expenditures 184,409 829,565 43,480 7,862,411 19,976 1,522,961 567,305 (3,745) 3,835,007 240,574 (448) (230,329) OTHER FINANCING SOURCES (USES) Transfers in Transfers out Proceeds from bond issuance Total other financing sources (uses) 361,626 361,626 Net change in fund balances Fund balances (deficit) at beginning of year (3,745) 3,835,007 240,574 (448) 131,297 (21,787) 7,388,469 (23,756) 59,152 2,391,353 Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ (25,532) 11,223,476 $ 130 216,818 $ 58,704 $ 2,522,650 SPECIAL REVENUE FUNDS SUPERIOR COURT FILL THE GAP STREET LIGHTING $ $ SUPERIOR COURT JUDICIAL ENHANCEMENT SUPERIOR COURT GRANTS $ 1,469,177 $ 1,304,837 SUPERIOR COURT SPECIAL $ TAXPAYERS’ INFORMATION $ 93,000 917,638 1,378,171 3,212,340 159,190 159,190 3,430,588 59,236 3,489,824 7,484 1,476,661 2,179 1,307,016 35,369 1,046,007 60,529 4,651,040 3,451,339 1,456,333 1,333,668 803,915 4,198,374 3,451,339 1,456,333 1,333,668 44,539 848,454 122,430 4,320,804 38,485 20,328 (26,652) 197,553 330,236 (289,720) 38,485 20,328 (26,652) 197,553 330,236 (289,720) 2,078,736 275,387 (17,039) 1,442,726 1,839,055 448,910 $ 2,117,221 $ 295,715 $ (43,691) $ 1,640,279 $ 2,169,291 448,910 689,967 $ 400,247 (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, 2005 SPECIAL REVENUE FUNDS TRANSPORTATION GRANTS TRANSPORTATION 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 $ $ 3,046,491 99,206,351 148,453 895,035 1,764,998 104,017,840 148,453 895,035 48,514,163 297,680 486,844 486,844 2,097,303 665,274 Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Proceeds from bond issuance Total other financing sources (uses) 3,000,830 51,514,993 200,556 498,236 19,282 2,116,585 665,274 52,502,847 (349,783) (1,221,550) (178,430) (349,783) (1,221,550) (178,430) (61,242,098) (61,242,098) Net change in fund balances (8,739,251) Fund balances (deficit) at beginning of year 512,644 26,011,905 Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ $ UNORGANIZED TERRITORY TRANSPORTATION TRIP REDUCTION 249,300 $ 17,521,954 $ 132 (349,783) $ (1,221,550) $ 334,214 SPECIAL REVENUE FUNDS WASTE TIRE PROGRAM VICTIM LOCATION $ DEBT SERVICE FUNDS $ $ 4,472,063 4,615 4,615 SPECIAL ASSESSMENTS TOTAL 236,610 4,708,673 71,556,882 33,271,590 256,795,507 48,703,554 6,136,275 3,430,588 27,428,788 447,323,184 $ STADIUM DISTRICT $ 6,024,355 TOTAL $ 25,503 25,503 6,024,355 509,064 6,533,419 25,503 509,064 6,558,922 5,274,501 118,831,166 48,811,843 121,095,489 20,901,413 16,093,878 17,546 4,205,406 2,000,000 335,677 107,644 20,830 2,490,000 2,862,094 11,870 2,597,644 2,882,924 11,870 17,546 69,192 4,274,598 10,854,807 344,198,774 128,474 5,363,964 5,492,438 (12,931) 434,075 103,124,410 (102,971) 1,169,455 1,066,484 1,625,512 (115,616,302) (361,626) (361,626) (113,990,790) (361,626) (361,626) 807,829 704,858 9,512,699 9,808,684 (12,931) 434,075 (10,866,380) (102,971) 87,982 5,389,740 128,208,142 295,985 535,643 $ 75,051 $ 5,823,815 $ 117,877,405 $ 193,014 $ 10,320,528 $ 10,513,542 (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, 2005 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 $ $ 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 COUNTY IMPROVEMENT $ 80,042 140,759 220,801 524,785 524,785 (1,008,188) OTHER FINANCING SOURCES (USES) Transfers in Transfers out Proceeds from bond issuance Total other financing sources (uses) $ 929,147 929,147 1,532,973 1,532,973 Excess (deficiency) of revenues over expenditures FLOOD CONTROL CAPITAL PROJECTS 220,801 29,310,587 29,310,587 42,692,818 42,692,818 (28,381,440) (42,692,818) 53,327,784 1,010,423 1,010,423 Net change in fund balances Fund balances (deficit) at beginning of year (1,296,211) 12,000,000 10,703,789 53,327,784 2,235 220,801 (17,677,651) 10,634,966 9,346,699 100,178 49,138,657 4,902,219 Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ 9,348,934 $ 134 320,979 $ 31,461,006 $ 15,537,185 CAPITAL PROJECTS INTERGOVERNMENTAL CAPITAL PROJECTS GENERAL FUND COUNTY IMPROVEMENT $ $ 595,898 595,898 JAIL CONSTRUCTION $ TRANSPORTATION CAPITAL PROJECTS $ 4,580,569 4,580,569 TOTAL NONMAJOR GOVERNMENTAL FUNDS TOTAL $ $ 8,820,531 8,820,531 389,877 9,210,408 80,042 7,161,035 16,061,608 77,581,237 33,271,590 265,616,038 48,703,554 6,136,275 3,536,133 35,098,887 469,943,714 5,274,501 118,831,166 48,811,843 121,095,489 20,901,413 16,093,878 4,597,644 3,218,601 19,751,948 19,751,948 4,341,949 4,341,949 (19,156,050) 238,620 11,870 174,644,028 513,480,433 15,486,011 15,486,011 50,672,935 50,672,935 163,789,221 163,789,221 (15,486,011) (41,462,527) (147,727,613) (43,536,719) 168,566,684 (126,140,079) 12,000,000 54,426,605 1,000,000 (7,735,001) 2,769,329 (1,130,939) 47,591,538 61,242,098 (6,735,001) 1,638,390 47,591,538 61,242,098 166,941,172 (10,162,151) 12,000,000 168,779,021 (25,891,051) 1,877,010 32,105,527 19,779,571 21,051,408 10,889,886 39,078,720 7,127,113 (19,229,461) 18,097,013 108,561,138 246,577,964 535,643 $ 13,187,669 $ 9,004,123 $ 12,876,066 $ 135 37,876,584 $ 129,612,546 $ 258,003,493 136 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 5,457,776 150,000 12,000 5,619,776 $ 5,619,776 5,619,776 5,457,776 150,000 12,000 5,619,776 ACTUAL AMOUNTS $ 5,619,776 5,619,776 $ (188,585) (188,585) 137 $ (188,585) (188,585) 4,751,660 123,222 3,861 4,878,743 $ 5,206,309 5,206,309 Deficiency of revenues under expenditures Net change in fund balances Fund deficit – beginning Fund deficit – ending VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ (706,116) (26,778) (8,139) (741,033) 413,467 413,467 (327,566) (327,566) (327,566) (137,158) (464,724) (327,566) 51,427 (276,139) $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Public Safety Capital outlay Total expenditures 8,155,000 105,000 40,000 8,300,000 $ 8,300,000 8,371,291 105,000 40,000 8,516,291 ACTUAL AMOUNTS $ 8,485,707 30,584 8,516,291 8,300,000 $ 2,956,021 2,956,021 138 $ 2,956,021 2,956,021 9,158,535 107,898 83,019 9,349,452 $ 7,921,695 Excess of revenues over expenditures Net change in fund balances Fund balances – beginning Fund balances – ending VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 787,244 2,898 43,019 833,161 7,921,695 564,012 30,584 594,596 1,427,757 1,427,757 1,427,757 3,501,347 4,929,104 1,427,757 545,326 1,973,083 $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Licenses and permits Intergovernmental Charges for services 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 balances – beginning Decrease in reserve for inventories Fund balances – ending 3,900,106 40,000 1,814,610 $ $ ACTUAL AMOUNTS 5,754,716 5,754,716 3,649,296 22,104 1,854,851 15,528 5,541,779 5,094,517 2,255 5,096,772 5,267,983 72,255 5,340,238 5,000,124 152,645 5,152,769 267,859 (80,390) 187,469 657,944 414,478 389,010 (25,468) (407,297) (407,297) (407,297) (407,297) 250,647 8,892 259,539 139 3,900,106 40,000 1,814,610 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 16,073 (250,810) (17,896) 40,241 15,528 (212,937) 407,297 407,297 7,181 8,892 $ $ $ 389,010 499,081 (14,768) 873,323 $ 381,829 490,189 (14,768) 857,250 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, 2005 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 balances – beginning Fund balances – ending $ ACTUAL AMOUNTS 2,834,505 10,532 2,834,505 10,532 2,845,037 2,845,037 5,263 2,735,013 6,724 4,709 2,751,709 2,231,670 317,130 2,548,800 2,258,176 317,130 2,575,306 2,317,812 252,340 2,570,152 (59,636) 64,790 5,154 296,237 269,731 181,557 (88,174) (199,544) (199,544) $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 96,693 20,903 117,596 140 $ $ (199,544) (199,544) $ 70,187 20,903 91,090 5,263 (99,492) (3,808) 4,709 (93,328) 199,544 199,544 $ 181,557 301,750 483,307 $ 111,370 280,847 392,217 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures 112,131 $ ACTUAL AMOUNTS 356,726 468,857 366,000 468,857 57,751 1,000 310,361 369,112 468,857 455,453 13,404 468,857 246,300 800 247,100 209,153 12,604 221,757 122,012 122,012 122,012 (1,232) 120,780 122,012 (9,816) 112,196 468,857 102,857 $ Excess of revenues over expenditures Net change in fund balances Fund balances (deficit) – beginning Fund balances – ending $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 8,584 8,584 141 $ 8,584 8,584 $ $ $ (45,106) 1,000 (55,639) (99,745) 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Current: Culture and recreation Debt service: Principal Interest Total expenditures $ 1,885,248 Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balances – beginning Fund balances – ending 4,517,821 4,517,821 $ 4,687,821 4,687,821 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 4,187,323 4,187,323 $ (500,498) (500,498) 4,023,821 1,040,616 2,983,205 1,885,248 4,023,821 2,000,000 335,677 3,376,293 (2,000,000) (335,677) 647,528 2,632,573 664,000 811,030 147,030 (1,584,437) (1,584,437) (1,634,437) (1,634,437) (1,010,423) (1,010,423) 624,014 624,014 1,048,136 4,783,593 5,831,729 (970,437) 4,783,593 3,813,156 (199,393) 5,106,039 4,906,646 771,044 322,446 1,093,490 142 $ $ $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Total expenditures 16,033,276 16,033,276 $ 16,033,276 16,033,276 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 3,279,135 3,279,135 $ (12,754,141) (12,754,141) 16,006,452 16,006,452 16,006,452 16,006,452 8,459,885 8,459,885 7,546,567 7,546,567 26,824 26,824 (5,180,750) (5,207,574) OTHER FINANCING USES Transfers out Total other financing uses (26,824) (26,824) (26,824) (26,824) Net change in fund balances Fund deficit – beginning Fund deficit – ending (59,489) (59,489) (59,489) (59,489) Excess (deficiency) of revenues over expenditures $ 143 $ 26,824 26,824 $ (5,180,750) (16,322) (5,197,072) $ (5,180,750) 43,167 (5,137,583) 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balances – beginning Fund balances – ending $ 45,000 45,000 45,000 100,000 100,000 100,000 100,000 26,453 26,453 73,547 73,547 (55,000) (55,000) 50,535 105,535 (55,000) 119,953 64,953 (55,000) 119,953 64,953 50,535 134,392 184,927 105,535 14,439 119,974 $ 45,000 ACTUAL AMOUNTS 73,340 3,648 76,988 144 $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ $ $ 28,340 3,648 31,988 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 109,000 1,000 110,000 $ 110,000 110,000 109,000 1,000 110,000 ACTUAL AMOUNTS $ 110,000 110,000 Excess of revenues over expenditures Net change in fund balances Fund balances – beginning Fund balances – ending $ 160,089 160,089 145 $ 160,089 160,089 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 106,034 4,172 110,206 $ (2,966) 3,172 206 89,228 89,228 20,772 20,772 20,978 20,978 20,978 164,500 185,478 20,978 4,411 25,389 $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures 1,400,000 $ ACTUAL AMOUNTS 1,400,000 1,878,500 1,899,397 7,666 1,907,063 1,400,000 1,868,500 10,000 1,878,500 1,352,246 46,688 1,398,934 1,400,000 1,878,500 $ Excess of revenues over expenditures Net change in fund balances Fund balances – beginning Fund balances – ending $ 350,538 350,538 146 $ 350,538 350,538 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ 20,897 7,666 28,563 516,254 (36,688) 479,566 508,129 508,129 508,129 412,876 921,005 508,129 62,338 570,467 $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 516,228 911,316 $ 516,228 911,316 ACTUAL AMOUNTS $ $ 1,427,544 1,427,544 506,000 834,287 2,275 1,342,562 1,427,544 1,427,544 1,427,544 1,427,544 1,392,234 1,392,234 Deficiency of revenues under expenditures Net change in fund balances Fund balances – beginning Fund balances – ending $ 370,258 370,258 147 $ 370,258 370,258 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ (10,228) (77,029) 2,275 (84,982) 35,310 35,310 (49,672) (49,672) (49,672) 158,238 108,566 (49,672) (212,020) (261,692) $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 1,326,528 $ 1,326,528 ACTUAL AMOUNTS $ 1,326,528 1,326,528 1,275,584 6,943 1,282,527 1,326,528 1,326,528 1,326,528 1,326,528 1,277,731 1,277,731 48,797 48,797 4,796 4,796 Excess of revenues over expenditures Net change in fund balances Fund deficit – beginning Fund deficit – ending $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) (388,105) (388,105) 148 $ (388,105) (388,105) $ 4,796 (140,416) (135,620) $ $ (50,944) 6,943 (44,001) 4,796 247,689 252,485 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 95,000 $ 95,000 94,583 417 95,000 95,000 95,000 95,000 95,000 ACTUAL AMOUNTS $ Excess of revenues over expenditures Net change in fund balances Fund balances – beginning Fund balances – ending $ 42,768 42,768 149 $ 42,768 42,768 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 105,560 2,176 107,736 $ 10,977 1,759 12,736 84,192 84,192 10,808 10,808 23,544 23,544 23,544 62,951 86,495 23,544 20,183 43,727 $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 1,552,010 2,000 1,554,010 $ 1,554,010 1,554,010 1,595,801 2,000 1,597,801 ACTUAL AMOUNTS $ 1,597,801 1,597,801 Excess of revenues over expenditures Net change in fund balances Fund balances – beginning Fund balances – ending $ 227,337 227,337 150 $ 227,337 227,337 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 1,634,097 4,753 1,638,850 $ 38,296 2,753 41,049 1,570,495 1,570,495 27,306 27,306 68,355 68,355 68,355 256,179 324,534 68,355 28,842 97,197 $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures 842,542 842,542 $ 110,097 732,445 842,542 842,542 842,542 ACTUAL AMOUNTS $ 125,006 717,536 842,542 $ (97,946) (97,946) 151 $ (97,946) (97,946) 88,656 88,656 $ 49,546 Excess of revenues over expenditures Net change in fund balances Fund deficit – beginning Fund balances (deficit) – ending VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ (753,886) (753,886) 49,546 75,460 717,536 792,996 39,110 39,110 39,110 (39,110) 39,110 58,836 97,946 $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 700,000 $ 720,031 ACTUAL AMOUNTS $ 700,000 720,031 698,347 5,006 703,353 700,000 700,000 720,031 720,031 719,031 719,031 Deficiency of revenues under expenditures Net change in fund balances Fund balances – beginning Fund balances – ending $ 151,262 151,262 152 $ 151,262 151,262 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ (21,684) 5,006 (16,678) 1,000 1,000 (15,678) (15,678) (15,678) 252,550 236,872 (15,678) 101,288 85,610 $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 1,356,500 5,000 1,361,500 $ 1,361,500 1,361,500 1,356,500 5,000 1,361,500 ACTUAL AMOUNTS $ 1,361,500 1,361,500 Excess of revenues under expenditures Net change in fund balances Fund balances – beginning Fund balances – ending $ 186,578 186,578 153 $ 186,578 186,578 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 1,476,082 12,639 1,488,721 $ 119,582 7,639 127,221 1,154,574 1,154,574 206,926 206,926 334,147 334,147 334,147 364,677 698,824 334,147 178,099 512,246 $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 1,000,000 $ 1,000,000 ACTUAL AMOUNTS $ 1,000,000 1,000,000 899,572 22,897 922,469 1,000,000 1,000,000 1,000,000 1,000,000 999,000 999,000 Deficiency of revenues under expenditures Net change in fund balances Fund balances – beginning Fund balances – ending $ 1,033,413 1,033,413 154 $ 1,033,413 1,033,413 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ (100,428) 22,897 (77,531) 1,000 1,000 (76,531) (76,531) (76,531) 1,115,236 1,038,705 (76,531) 81,823 5,292 $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures $ 1,998,143 25,000 2,023,143 Deficiency of revenues under expenditures Net change in fund balances Fund balances – beginning Fund balances – ending 448,581 807,556 10,487 1,266,624 $ 448,581 807,556 10,487 1,266,624 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 1,998,143 25,000 2,023,143 448,062 715,530 25,031 1,188,623 $ 1,264,423 (519) (92,026) 14,544 (78,001) 733,720 25,000 758,720 1,264,423 (756,519) (756,519) (75,800) 680,719 (756,519) 970,514 213,995 (756,519) 970,514 213,995 (75,800) 850,884 775,084 680,719 (119,630) 561,089 155 $ $ $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues EXPENDITURES Current: Public safety Capital outlay Total expenditures $ 5,827,233 $ 6,689,014 $ 5,827,233 $ 6,689,014 $ 5,827,233 $ 6,689,014 $ 5,827,233 $ 6,689,014 ACTUAL AMOUNTS $ $ (454,008) (454,008) 156 $ (454,008) (454,008) 6,733,234 19,925 6,753,159 $ 6,598,125 16,686 6,614,811 Excess of revenues over expenditures Net change in fund balances Fund deficit – beginning Fund deficit – ending VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 44,220 19,925 64,145 90,889 (16,686) 74,203 138,348 138,348 138,348 (461,130) (322,782) 138,348 (7,122) 131,226 $ 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, 2005 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 balances – beginning Fund balances – ending $ 36,000 $ 36,000 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 108,150 5,443 113,593 $ 72,150 5,443 77,593 36,000 36,000 126,000 126,000 126,000 126,000 (90,000) (90,000) 113,593 203,593 (90,000) 100,082 10,082 (90,000) 100,082 10,082 113,593 177,149 290,742 203,593 77,067 280,660 157 $ 126,000 126,000 $ $ 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, 2005 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 balances – beginning Fund balances – ending $ 40,000 40,000 $ 40,000 40,000 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 20,476 20,476 $ (19,524) (19,524) 465,000 465,000 465,000 465,000 1,988 1,988 463,012 463,012 (425,000) (425,000) 18,488 443,488 (425,000) 449,402 24,402 (425,000) 449,402 24,402 18,488 471,799 490,287 443,488 22,397 465,885 158 $ $ $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures 685,000 4,000 689,000 $ 685,000 4,000 689,000 689,000 689,000 689,000 689,000 ACTUAL AMOUNTS $ Excess of revenues over expenditures Net change in fund balances Fund balances – beginning Fund balances – ending $ 306,379 306,379 159 $ 306,379 306,379 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 674,397 8,504 682,901 $ (10,603) 4,504 (6,099) 568,383 9,110 577,493 120,617 (9,110) 111,507 105,408 105,408 105,408 302,147 407,555 105,408 (4,232) 101,176 $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 1,093,613 5,312 1,098,925 $ 1,098,925 1,098,925 1,093,613 5,312 1,098,925 ACTUAL AMOUNTS $ 1,098,925 1,098,925 Excess of revenues over expenditures Net change in fund balances Fund balances – beginning Fund balances – ending $ 102,839 102,839 160 $ 102,839 102,839 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 1,073,006 2,190 1,075,196 $ (20,607) (3,122) (23,729) 1,057,556 1,057,556 41,369 41,369 17,640 17,640 17,640 167,526 185,166 17,640 64,687 82,327 $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Total expenditures 175,000 1,000 176,000 $ 176,000 176,000 180,159 1,000 181,159 ACTUAL AMOUNTS $ 181,159 181,159 Excess of revenues over expenditures Net change in fund balances Fund balances – beginning Fund balances – ending $ 148,071 148,071 161 $ 148,071 148,071 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 178,692 4,601 183,293 $ (1,467) 3,601 2,134 181,073 181,073 86 86 2,220 2,220 2,220 196,895 199,115 2,220 48,824 51,044 $ 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, 2005 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 balances – beginning Fund balances – ending $ 70,000 2,000 72,000 $ 70,000 2,000 72,000 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 139,886 14,167 154,053 $ 69,886 12,167 82,053 527,069 527,069 527,069 527,069 67,284 67,284 459,785 459,785 (455,069) (455,069) 86,769 541,838 (455,069) 459,832 4,763 (455,069) 459,832 4,763 86,769 481,749 568,518 541,838 21,917 563,755 162 $ $ $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures 1,023,180 $ 1,023,180 1,075,696 500 1,076,196 960,581 77,000 1,037,581 1,013,597 77,000 1,090,597 (14,401) (14,401) OTHER FINANCING USES Transfers out Total other financing uses (58,642) (58,642) (58,642) (58,642) Net change in fund balances Fund balances (deficit) – beginning Fund balances (deficit) – ending (73,043) 311,563 238,520 (73,043) 311,563 238,520 Excess (deficiency) of revenues over expenditures $ 163 $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 727,864 8,262 736,126 $ (347,832) 7,762 (340,070) 700,773 13,533 714,306 312,824 63,467 376,291 21,820 36,221 58,642 58,642 $ 21,820 (80,804) (58,984) $ 94,863 (392,367) (297,504) 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Licenses and permits Charges for services Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Public safety Capital outlay Total expenditures 5,191,000 $ 650,000 59,000 5,900,000 5,200,502 14,960 634,020 50,518 5,900,000 5,929,274 213,350 6,142,624 6,818,767 75,078 6,893,845 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 6,194,237 $ 1,126,485 111,746 7,432,468 993,735 (14,960) 492,465 61,228 1,532,468 6,084,705 153,240 6,237,945 734,062 (78,162) 655,900 (242,624) (993,845) 1,194,523 OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources (uses) 1,130,939 (285,625) 845,314 1,130,939 (181,440) (181,440) 1,130,939 285,625 285,625 Net change in fund balances Fund balances – beginning Fund balances – ending (424,064) 617,807 193,743 (148,531) 617,807 469,276 2,325,462 3,129,520 5,454,982 2,473,993 2,511,713 4,985,706 Excess (deficiency) of revenues over expenditures $ 164 $ $ 2,188,368 $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Licenses and permits Charges for services Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation 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 balances – beginning Fund balances – ending $ 8,832,986 523,856 3,000 1,035,000 10,394,842 $ 8,832,986 523,856 3,000 1,035,000 10,394,842 ACTUAL AMOUNTS $ 9,512,044 661,296 27,892 1,136,274 11,337,506 9,830,149 182,398 10,012,547 10,032,100 188,470 10,220,570 10,172,458 203,225 10,375,683 382,295 174,272 961,823 (328,286) (328,286) (328,286) (328,286) 54,009 345,321 399,330 (154,014) 345,321 191,307 165 $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 679,058 137,440 24,892 101,274 942,664 (140,358) (14,755) (155,113) 787,551 328,286 328,286 $ 961,823 2,958,719 3,920,542 $ 1,115,837 2,613,398 3,729,235 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, 2005 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 deficit – beginning Fund deficit – ending $ 4,635,284 4,635,284 3,094,563 4,213,354 367,520 4,580,874 2,173,948 317,522 2,491,470 1,653,835 55,759 1,709,594 520,113 261,763 781,876 54,410 603,093 879,099 276,006 (54,410) (54,410) (27,206) (27,206) (2,697,514) (2,697,514) 575,887 (2,697,514) (2,121,627) $ 3,094,563 ACTUAL AMOUNTS 2,574,582 14,111 2,588,693 166 $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ (519,981) 14,111 (505,870) 27,206 27,206 $ 879,099 (1,565,069) (685,970) $ 303,212 1,132,445 1,435,657 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual Expedited Child Support Health Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Total expenditures 425,661 $ 425,661 424,189 1,472 425,661 425,661 425,661 425,661 425,661 ACTUAL AMOUNTS $ Deficiency of revenues under expenditures Net change in fund balances Fund balances – beginning Fund balances – ending $ 263,327 263,327 167 $ 263,327 263,327 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 370,536 6,859 377,395 $ (53,653) 5,387 (48,266) 407,136 407,136 18,525 18,525 (29,741) (29,741) (29,741) 264,383 234,642 (29,741) 1,056 (28,685) $ 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, 2005 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 balances – beginning Decrease in reserve for inventory of supplies Fund balances – ending $ 56,471,753 2,101,404 19,440,757 539,481 78,553,395 $ 56,471,753 1,151,499 14,210,168 539,481 72,372,901 ACTUAL AMOUNTS $ 55,740,862 2,315,702 12,718,726 2,775,016 73,550,306 VARIANCE WITH FINAL BUDGET POSITIVE (NEGATIVE) $ (730,891) 1,164,203 (1,491,442) 2,235,535 1,177,405 25,782,850 725,780 26,508,630 29,235,458 644,192 29,879,650 27,647,862 937,533 28,585,395 1,587,596 (293,341) 1,294,255 52,044,765 42,493,251 44,964,911 2,471,660 (64,378,765) (64,378,765) (54,259,451) (54,259,451) (53,327,784) (53,327,784) (12,334,000) 12,333,801 (11,766,200) 12,333,801 (8,362,873) 25,150,517 (116,148) 16,671,496 (199) 168 $ 567,601 $ 931,667 931,667 $ 3,403,327 12,816,716 (116,148) 16,103,895 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Total revenues $ EXPENDITURES Current: Public safety Total expenditures 116,243 116,243 $ 116,243 116,243 215,836 215,836 ACTUAL AMOUNTS $ 215,836 215,836 Excess of revenues over expenditures Net change in fund balances Fund balances (deficit) – beginning Fund balances – ending $ $ 169 $ 321,717 321,717 VARIANCE WITH FINAL BUDGET POSITIVE (NEGATIVE) $ 105,881 105,881 264,881 264,881 (49,045) (49,045) 56,836 56,836 56,836 (56,836) 56,836 (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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: General government Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balances (deficit) – beginning Fund balances (deficit) – ending $ 30,000 3,366,892 3,396,892 $ 30,000 2,568,432 2,598,432 ACTUAL AMOUNTS $ 30,000 9,955 39,955 VARIANCE WITH FINAL BUDGET POSITIVE (NEGATIVE) $ (2,558,477) (2,558,477) 10,896,891 10,896,891 7,327,882 7,327,882 9,981 9,981 7,317,901 7,317,901 (7,499,999) (4,729,450) 29,974 4,759,424 (7,499,999) (1,959,119) (9,459,118) (4,729,450) (1,959,119) (6,688,569) 29,974 357,041 387,015 4,759,424 2,316,160 7,075,584 170 $ $ $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental 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 deficit – beginning Fund deficit – ending $ 37,703,565 274,283 37,977,848 $ 37,703,565 274,283 37,977,848 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 33,336,439 229,890 33,566,329 $ (4,367,126) (44,393) (4,411,519) 36,683,625 550,000 37,233,625 36,683,625 550,000 37,233,625 35,060,918 688,201 35,749,119 1,622,707 (138,201) 1,484,506 744,223 744,223 (2,182,790) (2,927,013) (744,223) (744,223) (744,223) (744,223) (3,437,761) (3,437,761) (3,437,761) (3,437,761) 171 $ 744,223 744,223 $ (2,182,790) (2,406,961) (4,589,751) $ (2,182,790) 1,030,800 (1,151,990) 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, 2005 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 Deficiency of revenues under expenditures Net change in fund balances Fund balances – beginning Fund balances – ending $ 84,359 84,359 172 $ 84,359 84,359 $ 55,158 55,158 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ (144,842) (144,842) 107,465 107,465 92,535 92,535 (52,307) (52,307) (52,307) 75,385 23,078 (52,307) (8,974) (61,281) $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 2,042,243 19,809 2,062,052 $ 2,062,052 2,062,052 Excess of revenues over expenditures Net change in fund balances Fund balances – beginning Fund balances – ending $ 1,352,874 1,352,874 173 $ ACTUAL AMOUNTS 2,040,448 21,604 2,062,052 $ 2,405,417 50,499 2,455,916 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 364,969 28,895 393,864 2,062,051 2,062,051 1,300,199 1,300,199 761,852 761,852 1 1,155,717 1,155,716 1 1,352,874 1,352,875 1,155,717 1,857,958 3,013,675 1,155,716 505,084 1,660,800 $ $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 209,584 $ 209,584 209,334 250 209,584 209,584 209,584 209,584 209,584 ACTUAL AMOUNTS $ 147,108 520 147,628 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 147,628 147,628 61,956 61,956 Excess of revenues over expenditures Net change in fund balances Fund balances – beginning Fund balances – ending $ $ 174 $ (62,226) 270 (61,956) $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures 603,810 4,894 608,704 $ 608,704 608,704 Deficiency of revenues under expenditures Net change in fund balances Fund balances – beginning Fund balances – ending $ 2,047,154 2,047,154 175 $ 603,652 5,052 608,704 ACTUAL AMOUNTS $ 621,968 51,956 673,924 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 18,316 46,904 65,220 717,764 48,540 766,304 715,043 51,177 766,220 2,721 (2,637) 84 (157,600) (92,296) 65,304 (157,600) 2,047,154 1,889,554 (92,296) 2,157,600 2,065,304 65,304 110,446 175,750 $ $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 268,425 $ 268,425 ACTUAL AMOUNTS $ 268,425 268,425 292,934 9,975 302,909 268,425 268,425 268,425 268,425 184,469 184,469 83,956 83,956 118,440 118,440 118,440 412,814 531,254 118,440 11,248 129,688 Excess of revenues over expenditures Net change in fund balances Fund balances – beginning Fund balances – ending $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 401,566 401,566 176 $ 401,566 401,566 $ $ $ 24,509 9,975 34,484 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 15,722,058 $ 15,273,250 ACTUAL AMOUNTS $ 15,722,058 15,273,250 14,182,697 1,599 13,153 14,197,449 15,722,058 15,722,058 15,273,250 15,273,250 14,149,031 14,149,031 1,124,219 1,124,219 48,418 48,418 Excess of revenues over expenditures Net change in fund balances Fund deficit – beginning Fund deficit – ending $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) (975,499) (975,499) 177 $ (975,499) (975,499) $ 48,418 (780,885) (732,467) $ $ (1,090,553) 1,599 13,153 (1,075,801) 48,418 194,614 243,032 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 1,000,000 $ 1,000,000 ACTUAL AMOUNTS $ 1,000,000 1,000,000 863,183 19,095 882,278 1,000,000 1,000,000 1,000,000 1,000,000 916,150 916,150 83,850 83,850 (33,872) (33,872) (33,872) 926,621 892,749 (33,872) (91,320) (125,192) Deficiency of revenues under expenditures Net change in fund balances Fund balances – beginning Fund balances – ending $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 1,017,941 1,017,941 178 $ 1,017,941 1,017,941 $ $ $ (136,817) 19,095 (117,722) 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balances – beginning Fund balances – ending $ $ ACTUAL AMOUNTS 10,000 10,000 10,000 10,000 90 16,137 16,227 50,000 50,000 50,000 50,000 27,240 27,240 22,760 22,760 (40,000) (40,000) (11,013) 28,987 (40,000) 89,196 49,196 (40,000) 89,196 49,196 (11,013) 97,763 86,750 28,987 8,567 37,554 179 $ $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ $ 90 6,137 6,227 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 788,856 3,000 18,844 810,700 $ 810,700 810,700 788,856 3,000 18,844 810,700 ACTUAL AMOUNTS $ 810,700 810,700 Excess of revenues over expenditures Net change in fund balances Fund balances – beginning Fund balances – ending $ 347,438 347,438 180 $ 347,438 347,438 $ 827,423 2,829 72,412 902,664 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 38,567 (171) 53,568 91,964 810,660 810,660 40 40 92,004 92,004 92,004 258,707 350,711 92,004 (88,731) 3,273 $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ $ 46,000 ACTUAL AMOUNTS $ $ 44,000 EXPENDITURES Current: Public safety Total expenditures 44,000 46,000 272 46,272 272 272 44,000 44,000 46,000 46,000 44,685 44,685 1,315 1,315 1,587 1,587 1,587 9,218 10,805 1,587 375 1,962 Excess of revenues over expenditures Net change in fund balances Fund balances – beginning Fund balances – ending 46,000 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 8,843 8,843 181 $ 8,843 8,843 $ $ 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, 2005 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 of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balances – beginning Fund balances – ending 15,852,336 51,925 27,420 445,000 457,589 16,834,270 $ $ 15,816,020 187,713 69,730 524,083 740,225 17,337,771 $ (36,316) 92,728 42,310 79,083 212,114 389,919 15,341,753 273,000 15,614,753 14,695,609 1,846,804 16,542,413 14,688,988 1,029,491 15,718,479 6,621 817,313 823,934 1,219,517 405,439 1,619,292 1,213,853 (706,043) (706,043) $ 15,852,336 94,985 27,420 445,000 528,111 16,947,852 ACTUAL AMOUNTS VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 513,474 2,158,824 2,672,298 182 (706,043) (706,043) $ (300,604) 2,158,824 1,858,220 706,043 706,043 $ 1,619,292 4,925,756 6,545,048 $ 1,919,896 2,766,932 4,686,828 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Total revenues $ EXPENDITURES Current: Culture and recreation Total expenditures 25,000 25,000 $ 25,000 25,000 41,099 41,099 ACTUAL AMOUNTS $ 41,099 41,099 Excess of revenues over expenditures Net change in fund balances Fund deficit – beginning Fund balances (deficit) – ending $ (27,960) (27,960) 183 $ (27,960) (27,960) $ 75,433 75,433 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 34,334 34,334 47,602 47,602 (6,503) (6,503) 27,831 27,831 27,831 (27,831) 27,831 129 27,960 $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures 267,045 $ 267,045 313,444 28,826 12,984 41,810 267,045 285,444 28,000 313,444 45,347 28,000 73,347 240,097 (31,537) (31,537) (31,537) (217,476) (249,013) (31,537) (217,476) (249,013) 267,045 313,444 ACTUAL AMOUNTS $ Deficiency of revenues under expenditures Net change in fund balances Fund balances (deficit) – beginning Fund balances (deficit) – ending VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ 184 $ $ (284,618) 12,984 (271,634) 240,097 $ 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, 2005 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 $ 8,748 8,748 185 $ 8,748 8,748 $ $ 59 59 Deficiency of revenues under expenditures Net change in fund balances Fund balances – beginning Fund balances – ending VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ (10,000) (10,000) 9,941 9,941 (59) (59) (59) 59 (59) (8,689) (8,748) $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures 258,628 $ 258,628 258,628 258,628 256,611 10,000 266,611 256,611 10,000 266,611 (7,983) (7,983) OTHER FINANCING USES Transfers out Total other financing uses (20,527) (20,527) (20,527) (20,527) Net change in fund balances Fund balances – beginning Fund balances – ending (28,510) 191,033 162,523 (28,510) 191,033 162,523 Excess (deficiency) of revenues over expenditures $ 186 $ ACTUAL AMOUNTS $ 258,628 5,290 263,918 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 5,290 5,290 210,114 210,114 46,497 10,000 56,497 53,804 61,787 20,527 20,527 $ 53,804 167,117 220,921 $ 82,314 (23,916) 58,398 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Culture and recreation Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balances – beginning Fund balances (deficit) – ending $ 57,470 57,470 57,470 140,008 2,080 142,088 67,470 67,470 89,970 89,970 87,586 87,586 2,384 2,384 (10,000) (32,500) 54,502 87,002 (10,000) 10,142 142 (32,500) 10,142 (22,358) 54,502 20,308 74,810 87,002 10,166 97,168 187 $ $ 57,470 ACTUAL AMOUNTS $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ $ 82,538 2,080 84,618 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Current: Culture and recreation Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balances – beginning Fund balances – ending $ 160,000 160,000 $ 160,000 160,000 ACTUAL AMOUNTS $ 244,039 244,039 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 84,039 84,039 280,489 280,489 280,489 280,489 276,353 276,353 4,136 4,136 (120,489) (120,489) (32,314) 88,175 (120,489) 1,246,560 1,126,071 (120,489) 1,246,560 1,126,071 (32,314) 1,294,431 1,262,117 88,175 47,871 136,046 188 $ $ $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Culture and recreation Capital outlay Total expenditures 1,517,630 1,579,770 561,255 2,078,885 651,004 2,230,774 336,250 1,844,657 10,692 707,114 2,898,713 2,141,340 95,000 2,236,340 2,319,870 102,000 2,421,870 2,239,209 52,217 2,291,426 80,661 49,783 130,444 607,287 798,383 35,997 35,997 (14,003) (14,003) 643,284 1,668,271 2,311,555 784,380 (144,863) 639,517 (157,455) Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balances – beginning Fund balances – ending $ (140,455) 1,813,134 1,672,679 189 $ (191,096) 17,000 17,000 $ ACTUAL AMOUNTS VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 50,000 50,000 $ (141,096) 1,813,134 1,672,038 $ $ $ 336,250 264,887 10,692 56,110 667,939 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, 2005 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 Net change in fund balances Fund balances – beginning Fund balances – ending $ 110,000 1,205,951 $ 110,000 1,205,951 ACTUAL AMOUNTS $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 68,000 1,383,951 68,000 1,383,951 95,314 1,323,117 1,207 99,232 1,518,870 $ (14,686) 117,166 1,207 31,232 134,919 1,383,951 117,000 1,500,951 1,395,286 102,000 1,497,286 1,287,200 15,281 1,302,481 108,086 86,719 194,805 (117,000) (113,335) 216,389 329,724 (117,000) 1,350,878 1,233,878 (113,335) 1,350,878 1,237,543 216,389 1,486,760 1,703,149 329,724 135,882 465,606 190 $ $ $ 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, 2005 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 balances – beginning Fund balances – ending $ 52,000 52,000 $ 135,000 135,000 ACTUAL AMOUNTS $ 112,067 112,067 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ (22,933) (22,933) 35,000 35,000 85,000 85,000 76,067 76,067 8,933 8,933 17,000 50,000 36,000 (14,000) (17,000) (17,000) (50,000) (50,000) (35,997) (35,997) 14,003 14,003 26,254 26,254 26,254 26,254 3 24,998 25,001 191 $ $ $ 3 (1,256) (1,253) 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Culture and recreation Capital outlay Total expenditures 400,000 8,000 2,500 410,500 $ 362,954 47,546 410,500 $ 167,916 167,916 192 ACTUAL AMOUNTS $ 372,042 47,546 419,588 Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balances – beginning Fund balances – ending 400,000 8,000 2,500 410,500 $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 415,000 32,206 9,268 456,474 $ 15,000 24,206 6,768 45,974 304,970 18,770 323,740 67,072 28,776 95,848 (9,088) 132,734 141,822 (9,088) 167,916 158,828 132,734 253,809 386,543 141,822 85,893 227,715 $ $ 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, 2005 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 $ 10,565,846 86,000 10,651,846 Excess (deficiency) of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balances – beginning Fund balances – ending 8,036,968 2,908,294 2,328 252,410 11,200,000 $ 8,570,301 2,908,294 2,328 252,410 11,733,333 (696,201) (295,744) (295,744) (295,744) (295,744) 193 $ 12,114,543 314,991 12,429,534 548,154 252,410 15,985,718 16,238,128 ACTUAL AMOUNTS $ (991,945) 15,985,718 14,993,773 8,352,032 4,145,860 2,360 425,979 12,926,231 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 12,352,864 131,577 12,484,441 (218,269) 1,237,566 32 173,569 1,192,898 (238,321) 183,414 (54,907) 441,790 1,137,991 295,744 295,744 $ 441,790 15,990,076 16,431,866 $ 1,433,735 4,358 1,438,093 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Licenses and permits Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balances – beginning Fund balances – ending $ 175,000 175,000 175,000 196,525 13,202 209,727 155,815 155,815 157,297 157,297 160,377 160,377 (3,080) (3,080) 19,185 17,703 49,350 31,647 (6,543) (6,543) (6,543) (6,543) 12,642 466,779 479,421 194 $ $ 175,000 ACTUAL AMOUNTS 11,160 466,779 477,939 $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 21,525 13,202 34,727 6,543 6,543 $ 49,350 597,417 646,767 $ 38,190 130,638 168,828 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 390,000 2,000 392,000 $ 392,000 392,000 390,000 2,000 392,000 ACTUAL AMOUNTS $ 392,000 392,000 Excess of revenues over expenditures Net change in fund balances Fund balances – beginning Fund balances – ending $ 121,871 121,871 195 $ 121,871 121,871 $ 391,370 3,643 395,013 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 1,370 1,643 3,013 310,191 310,191 81,809 81,809 84,822 84,822 84,822 125,220 210,042 84,822 3,349 88,171 $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures 371,420 1,412,710 $ 1,784,130 1,784,130 939,582 404,438 10,869 1,354,889 1,538,230 245,900 1,784,130 1,558,679 225,448 1,784,127 1,242,014 111,229 1,353,243 316,665 114,219 430,884 3 1,646 1,643 3 229,302 229,305 1,646 224,442 226,088 Excess of revenues over expenditures Net change in fund balances Fund balances – beginning Fund balances – ending $ ACTUAL AMOUNTS 229,302 229,302 196 $ 371,420 1,412,710 $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ $ 568,162 (1,008,272) 10,869 (429,241) 1,643 (4,860) (3,217) 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 401,661 5,000 406,661 406,666 406,666 Deficiency of revenues under expenditures Net change in fund balances Fund balances (deficit) – beginning Fund balances (deficit) – ending $ $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS 401,661 5,000 406,661 $ 406,666 406,666 401,666 $ 401,666 5 (5,000) (4,995) 401,666 401,666 5,000 5,000 (5) (5) 5 (5) (119,573) (119,578) (5) (119,573) (119,578) 5 119,573 119,578 197 $ $ $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 456,464 9,000 465,464 $ 465,464 465,464 456,464 9,000 465,464 ACTUAL AMOUNTS $ 465,464 465,464 $ 72,370 72,370 198 $ 72,370 72,370 $ 433,907 433,907 Deficiency of revenues under expenditures Net change in fund balances Fund balances – beginning Fund balances (deficit) – ending 316,879 7,056 323,935 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ (139,585) (1,944) (141,529) 31,557 31,557 (109,972) (109,972) (109,972) 106,766 (3,206) (109,972) 34,396 (75,576) $ 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, 2005 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 deficit – beginning Increase in reserve for inventories Fund deficit – ending $ 39,680,808 96,000 1,000 39,777,808 $ 43,309,990 96,000 1,000 43,406,990 ACTUAL AMOUNTS $ 39,453,601 141,155 16,170 39,610,926 38,300,511 9,285 38,309,796 41,930,179 8,799 41,938,978 42,044,103 63,632 42,107,735 1,468,012 1,468,012 (2,496,809) (1,468,012) (1,468,012) (1,468,012) (1,468,012) (1,580,823) (1,580,823) (1,580,823) 199 $ (1,580,823) VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ (3,856,389) 45,155 15,170 (3,796,064) (113,924) (54,833) (168,757) (3,964,821) 1,468,012 1,468,012 $ (2,496,809) (2,423,007) 451,961 (4,467,855) $ (2,496,809) (842,184) 451,961 (2,887,032) 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES 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 balances – beginning Decrease in reserve for inventories Fund balances – ending $ 3,373,618 $ 3,373,618 ACTUAL AMOUNTS 3,373,618 3,373,618 3,036,579 32,575 3,069,154 3,152,471 2,839 3,155,310 3,280,738 2,911 3,283,649 3,088,432 5,768 3,094,200 218,308 89,969 45,000 (264,333) (219,333) 45,000 (264,333) (219,333) (1,025) 492,599 (129,364) 492,599 491,574 200 $ 363,235 $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 192,306 (2,857) 189,449 (25,046) (115,015) 26,950 (18,050) 264,333 246,283 26,950 $ (337,039) 32,575 (304,464) 1,904 1,456,104 (34,702) 1,423,306 $ 131,268 963,505 (34,702) 1,060,071 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: General government Capital outlay Total expenditures 5,175,000 125,000 5,300,000 5,175,000 125,000 5,300,000 45,398 6,663,348 191,801 6,900,547 4,828,218 780,000 5,608,218 4,881,913 780,000 5,661,913 4,530,206 552,907 5,083,113 351,707 227,093 578,800 1,817,434 2,179,347 (308,218) Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balances – beginning Fund balances – ending $ (238,218) 7,601,204 7,362,986 201 $ (361,913) 70,000 70,000 $ ACTUAL AMOUNTS VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 70,000 70,000 $ (291,913) 7,601,204 7,309,291 $ 45,398 1,488,348 66,801 1,600,547 70,000 70,000 $ 1,887,434 8,188,363 10,075,797 $ 2,179,347 587,159 2,766,506 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Current: General government Total expenditures 440,000 440,000 $ 440,000 440,000 ACTUAL AMOUNTS $ 329,401 329,401 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ (110,599) (110,599) 408,364 408,364 408,364 408,364 285,345 285,345 123,019 123,019 31,636 31,636 44,056 12,420 OTHER FINANCING USES Transfers out Total other financing uses (31,636) (31,636) (31,636) (31,636) Net change in fund balances Fund balances – beginning Fund balances – ending 209,163 209,163 209,163 209,163 Excess of revenues over expenditures $ 202 $ 31,636 31,636 $ 44,056 73,345 117,401 $ 44,056 (135,818) (91,762) 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Fines and forfeits Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures 1,300,000 1,300,000 $ 1,225,000 75,000 1,300,000 1,300,000 1,300,000 ACTUAL AMOUNTS $ 1,225,000 75,000 1,300,000 1,164,060 1,164,060 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 1,150,060 14,000 1,164,060 74,940 61,000 135,940 Excess of revenues over expenditures Net change in fund balances Fund balances – beginning Fund balances – ending $ $ 203 $ (135,940) (135,940) $ 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, 2005 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 balances – beginning Fund balances – ending $ 28,811 28,811 204 $ 28,811 28,811 $ 15,920 15,920 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ (480) (480) 12,223 12,223 4,177 4,177 3,697 3,697 3,697 28,720 32,417 3,697 (91) 3,606 $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Fines and forfeits Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures 3,992,275 $ 4,510,865 ACTUAL AMOUNTS $ 3,992,275 4,510,865 3,874,832 8,188 62,137 3,945,157 3,718,775 273,500 3,992,275 4,237,365 273,500 4,510,865 3,188,587 400,027 3,588,614 $ $ (615,691) (615,691) 205 $ (615,691) (615,691) $ 356,543 (1,104,069) (747,526) (636,033) 8,188 62,137 (565,708) 1,048,778 (126,527) 922,251 356,543 Excess of revenues over expenditures Net change in fund balances Fund deficit – beginning Fund deficit – ending VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 356,543 $ 356,543 (488,378) (131,835) 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES 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 balances – beginning Fund balances – ending 178,865 850 179,715 $ 178,865 850 179,715 ACTUAL AMOUNTS $ 138,076 3,119 141,195 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ (40,789) 2,269 (38,520) 179,715 129,453 309,168 179,715 129,453 309,168 19,612 19,612 160,103 129,453 289,556 (129,453) (129,453) 121,583 251,036 (129,453) 129,453 (129,453) 129,453 121,583 76,937 198,520 251,036 (52,516) 198,520 $ $ 206 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual Sheriff Jail Enhancement Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures 1,100,000 $ 2,050,000 ACTUAL AMOUNTS $ 1,100,000 2,050,000 1,205,684 1,282 1,206,966 863,336 236,664 1,100,000 1,788,933 261,067 2,050,000 1,238,362 178,525 1,416,887 Deficiency of revenues under expenditures Net change in fund balances Fund balances – beginning Fund balances – ending $ $ 207 $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ (844,316) 1,282 (843,034) 550,571 82,542 633,113 (209,921) (209,921) (209,921) 753,922 544,001 (209,921) 753,922 544,001 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual Sheriff RICO Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Fines and forfeits Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures 395,000 395,000 $ 343,689 51,311 395,000 920,000 920,000 ACTUAL AMOUNTS $ 707,000 213,000 920,000 $ $ 208 $ 645,156 184,409 829,565 Deficiency of revenues under expenditures Net change in fund balances Fund balances (deficit) – beginning Fund balances (deficit) – ending 825,820 825,820 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ (94,180) (94,180) 61,844 28,591 90,435 (3,745) (3,745) (3,745) (21,787) (25,532) (3,745) (21,787) (25,532) $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures $ 9,411,744 500,000 9,911,744 Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balances – beginning Fund balances – ending 9,411,744 9,411,744 $ 9,446,432 9,446,432 ACTUAL AMOUNTS $ 9,446,432 500,000 9,946,432 11,697,418 11,697,418 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 2,250,986 2,250,986 7,818,931 43,480 7,862,411 1,627,501 456,520 2,084,021 (500,000) (500,000) 3,835,007 4,335,007 (500,000) 6,341,660 5,841,660 (500,000) 6,341,660 5,841,660 3,835,007 7,388,469 11,223,476 4,335,007 1,046,809 5,381,816 209 $ $ $ 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, 2005 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 (uses) Net change in fund balances Fund balances – beginning Fund balances – ending $ 59,000 59,000 $ 59,000 59,000 ACTUAL AMOUNTS $ 55,188 55,188 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ (3,812) (3,812) 108,877 108,877 370,535 370,535 285,517 285,517 85,018 85,018 (49,877) (311,535) (230,329) 81,206 110,000 (441) 109,559 371,267 (441) 370,826 361,626 (9,641) 441 (9,200) 59,682 2,359,825 2,419,507 210 $ 59,291 2,359,825 2,419,116 361,626 $ 131,297 2,391,353 2,522,650 $ 72,006 31,528 103,534 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures 1,525,690 $ 1,525,690 1,546,536 1,310 1,547,846 1,525,690 1,525,690 1,547,846 1,547,846 ACTUAL AMOUNTS $ Excess of revenues over expenditures Net change in fund balances Fund balances – beginning Fund balances – ending $ 133,228 133,228 211 $ 133,228 133,228 $ 1,469,177 7,484 1,476,661 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ (77,359) 6,174 (71,185) 1,456,333 1,456,333 91,513 91,513 20,328 20,328 20,328 275,387 295,715 20,328 142,159 162,487 $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures 1,356,000 $ ACTUAL AMOUNTS $ 1,356,000 1,720,099 448 1,720,547 1,356,000 1,720,547 1,333,668 386,879 1,356,000 1,720,547 1,333,668 386,879 Deficiency of revenues under expenditures Net change in fund balances Fund deficit – beginning Fund deficit – ending $ (59,472) (59,472) 212 $ (59,472) (59,472) $ 1,304,837 2,179 1,307,016 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ (415,262) 1,731 (413,531) (26,652) (26,652) (26,652) (17,039) (43,691) (26,652) 42,433 15,781 $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ 1,101,192 EXPENDITURES Current: Public safety Capital outlay Total expenditures 1,665,055 $ 93,000 1,086,192 15,000 1,194,192 $ 1,713,515 44,540 1,758,055 1,665,055 Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balances – beginning Fund balances – ending $ 1,101,192 ACTUAL AMOUNTS 93,000 917,638 35,369 1,046,007 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ (168,554) 20,369 (148,185) 803,915 44,539 848,454 909,600 1 909,601 (563,863) (563,863) 197,553 761,416 (563,863) 1,165,643 601,780 (563,863) 1,165,643 601,780 197,553 1,442,726 1,640,279 761,416 277,083 1,038,499 213 $ $ $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Charges for services Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Capital outlay Total expenditures 1,384,949 3,604,313 $ 4,989,262 1,389,616 3,573,313 26,333 4,989,262 4,902,262 87,000 4,989,262 4,866,697 122,565 4,989,262 ACTUAL AMOUNTS $ Excess of revenues over expenditures Net change in fund balances Fund balances – beginning Fund balances – ending $ 1,687,686 1,687,686 214 $ 1,687,686 1,687,686 $ 1,378,171 3,212,340 60,529 4,651,040 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ (11,445) (360,973) 34,196 (338,222) 4,198,374 122,430 4,320,804 668,323 135 668,458 330,236 330,236 330,236 1,839,055 2,169,291 330,236 151,369 481,605 $ 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, 2005 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 balances – beginning Increase in reserve for inventories Fund balances – ending 1,700,000 96,205,824 751,280 98,657,104 $ 1,700,000 96,205,824 751,280 98,657,104 ACTUAL AMOUNTS $ 3,046,491 99,206,351 1,764,998 104,017,840 VARIANCE WITH FINAL BUDGET POSITIVE (NEGATIVE) $ 1,346,491 3,000,527 1,013,718 5,360,736 47,841,027 3,494,015 51,335,042 48,597,842 3,190,970 51,788,812 48,514,163 3,000,830 51,514,993 83,679 190,140 273,819 47,322,062 46,868,292 52,502,847 5,634,555 (63,091,909) (63,091,909) (62,638,139) (62,638,139) (61,242,098) (61,242,098) 1,396,041 1,396,041 (15,769,847) 15,769,847 (15,769,847) 15,769,847 (8,739,251) 26,011,905 249,300 17,521,954 7,030,596 10,242,058 249,300 17,521,954 $ $ 215 $ $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Total revenues $ EXPENDITURES Current: Highways and streets Capital outlay Total expenditures 250,000 250,000 $ 1,162,000 1,162,000 250,000 1,162,000 250,000 1,162,000 ACTUAL AMOUNTS $ Deficiency of revenues under expenditures Net change in fund balances Fund balances – beginning Fund balances (deficit) – ending $ 216,230 216,230 216 $ 216,230 216,230 $ 148,453 148,453 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ (1,013,547) (1,013,547) 297,680 200,556 498,236 864,320 (200,556) 663,764 (349,783) (349,783) (349,783) (349,783) (216,230) (566,013) (349,783) $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual Trip Reduction Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Total revenues $ $ EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures $ 1,792,090 257,241 2,049,331 Deficiency of revenues under expenditures (508,610) OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balances – beginning Fund balances (deficit) – ending 1,540,721 1,540,721 ACTUAL AMOUNTS 895,035 895,035 VARIANCE WITH FINAL BUDGET POSITIVE (NEGATIVE) $ 2,097,303 19,282 2,116,585 (305,213) 237,959 (67,254) (1,221,550) (712,940) (67,257) (67,257) 67,257 67,257 (575,867) $ $ 217 (575,867) (645,686) (645,686) (1,221,550) $ (1,221,550) (645,683) $ (645,683) 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Current: Public safety Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balances – beginning Fund balances – ending $ 16,161 16,161 $ 16,161 16,161 ACTUAL AMOUNTS $ 4,615 4,615 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ (11,546) (11,546) 36,568 36,568 36,568 36,568 17,546 17,546 19,022 19,022 (20,407) (20,407) (12,931) 7,476 (20,407) 79,559 59,152 (20,407) 79,559 59,152 (12,931) 87,982 75,051 7,476 8,423 15,899 218 $ $ $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures $ 3,304,515 75,000 3,379,515 Excess (deficiency) of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balances – beginning Fund balances – ending 3,700,000 70,000 3,770,000 $ 3,700,000 70,000 3,770,000 (464,945) (39,654) (39,654) (39,654) (39,654) 219 $ 4,159,945 75,000 4,234,945 390,485 350,831 6,019,051 6,369,882 ACTUAL AMOUNTS $ (504,599) 6,019,051 5,514,452 4,472,063 236,610 4,708,673 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 4,205,406 69,192 4,274,598 772,063 166,610 938,673 (45,461) 5,808 (39,653) 434,075 899,020 39,654 39,654 $ 434,075 5,389,740 5,823,815 $ 938,674 (629,311) 309,363 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Debt service: Principal Interest Total expenditures 880,991 5,650,000 6,530,991 $ 880,991 5,650,000 6,530,991 16,406,371 2,036,361 5,583,061 7,619,422 $ 1,155,370 (66,939) 1,088,431 16,406,371 5,326,956 (5,373,924) (46,968) (9,875,380) (9,875,380) (8,833,917) 1,041,463 OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources (uses) (33,008,452) (33,008,452) 4,132,719 (33,008,452) (28,875,733) 4,132,719 (33,008,452) (33,008,452) Net change in fund balances Fund balances – beginning Fund balances – ending (42,883,832) 94,597,749 51,713,917 (42,883,832) 94,597,749 51,713,917 (37,709,650) 85,005,685 47,296,035 5,174,182 (9,592,064) (4,417,882) $ 16,406,371 $ 11,079,415 5,373,924 16,453,339 Excess (deficiency) of revenues over expenditures 16,406,371 ACTUAL AMOUNTS VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) 220 $ $ 4,132,719 $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Charges for services 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 balances – beginning Fund balances – ending $ 5,215,094 300,000 5,515,094 $ 5,215,094 300,000 5,515,094 5,405,094 5,405,094 5,405,094 ACTUAL AMOUNTS $ 6,024,355 509,064 6,533,419 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 809,261 209,064 1,018,325 5,405,094 2,490,000 2,862,094 11,870 5,363,964 2,915,094 (2,862,094) (11,870) 41,130 110,000 110,000 1,169,455 1,059,455 (110,000) (110,000) (371,267) (371,267) 9,038,117 9,038,117 221 $ (261,267) 9,038,117 8,776,850 (361,626) (361,626) $ 807,829 9,512,699 10,320,528 9,641 9,641 $ 1,069,096 474,582 1,543,678 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balances – beginning Fund balances – ending $ 743,683 743,683 $ 493,683 493,683 ACTUAL AMOUNTS $ 524,785 524,785 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 31,102 31,102 3,000 3,000 1,793,000 1,793,000 1,532,973 1,532,973 260,027 260,027 740,683 (1,299,317) (1,008,188) 291,129 1,550,137 1,550,137 1,600,137 1,600,137 1,010,423 1,010,423 (589,714) (589,714) 2,290,820 9,558,988 11,849,808 300,820 9,558,988 9,859,808 2,235 9,346,699 9,348,934 (298,585) (212,289) (510,874) 222 $ $ $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Capital outlay Total expenditures Deficiency of revenues under expenditures 456,039 456,039 $ $ ACTUAL AMOUNTS $ 929,147 929,147 $ 473,108 473,108 38,557,198 38,557,198 56,827,437 56,827,437 29,310,587 29,310,587 27,516,850 27,516,850 (38,101,159) (56,371,398) (28,381,440) 27,989,958 (1,296,211) 15,000,000 13,703,789 (1,296,211) 12,000,000 10,703,789 (3,000,000) (3,000,000) (42,667,609) 46,644,534 3,976,925 (17,677,651) 49,138,657 31,461,006 24,989,958 2,494,123 27,484,081 OTHER FINANCING SOURCES (USES) Transfers out Proceeds from bond issuance Total other financing uses Net change in fund balances Fund balances – beginning Fund balances – ending 456,039 456,039 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) (38,101,159) 46,644,534 8,543,375 223 $ $ $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL EXPENDITURES Capital Outlay Total expenditures $ Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfer in Transfers out Total other financing sources (uses) Net change in fund balances Fund balances – beginning Fund balances (deficit) – ending $ 51,864,000 51,864,000 $ 54,214,000 54,214,000 ACTUAL AMOUNTS $ 42,692,818 42,692,818 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ 11,521,182 11,521,182 (51,864,000) (54,214,000) (42,692,818) 53,327,784 (212,503) 53,115,281 53,327,784 (212,503) (212,503) 53,327,784 212,503 212,503 (52,076,503) (1,098,719) 10,634,966 4,902,219 15,537,185 11,733,685 4,902,219 16,635,904 (52,076,503) 224 $ (1,098,719) $ 11,521,182 $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Miscellaneous Total revenues $ EXPENDITURES Capital outlay Total expenditures Deficiency of expenditures under revenue OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing uses Net change in fund balances Fund balances – beginning Fund balances – ending $ 367,583 367,583 $ 367,583 367,583 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 595,898 595,898 $ 228,315 228,315 22,105,674 22,105,674 23,121,007 23,121,007 19,751,948 19,751,948 3,369,059 3,369,059 (21,738,091) (22,753,424) (19,156,050) 3,597,374 (7,633,001) (7,633,001) 1,000,000 (7,735,001) (6,735,001) 1,000,000 (7,735,001) (6,735,001) (29,371,092) 39,016,426 9,645,334 (29,488,425) 39,016,426 9,528,001 (25,891,051) 39,078,720 13,187,669 225 $ $ $ 3,597,374 62,294 3,659,668 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Proceeds from bond issuance Transfers in Transfers out Total other financing sources (uses) Net change in fund balances Fund balances – beginning Fund balances – ending $ 150,000 $ 150,000 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ $ (150,000) 4,580,569 4,430,569 150,000 150,000 4,580,569 4,580,569 21,095,594 21,095,594 6,543,002 6,543,002 4,341,949 4,341,949 2,201,053 2,201,053 (20,945,594) (6,393,002) 238,620 6,631,622 14,100,000 1,638,390 15,738,390 14,100,000 2,769,329 (1,130,939) 15,738,390 2,769,329 (1,130,939) 1,638,390 (14,100,000) (5,207,204) 7,862,215 2,655,011 9,345,388 7,862,215 17,207,603 1,877,010 7,127,113 9,004,123 (7,468,378) (735,102) (8,203,480) 226 $ (14,100,000) $ $ 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL EXPENDITURES Capital outlay Total expenditures $ Deficiency of expenditures under revenues OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund deficit – beginning Fund balances (deficit) – ending $ 40,162,409 40,162,409 $ 40,160,154 40,160,154 ACTUAL AMOUNTS $ 15,486,011 15,486,011 (40,162,409) (40,160,154) (15,486,011) 47,591,538 47,591,538 47,591,538 47,591,538 47,591,538 47,591,538 7,429,129 (42,448,767) (35,019,638) 7,431,384 (42,448,767) (35,017,383) 32,105,527 (19,229,461) 12,876,066 227 $ VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) $ $ 24,674,143 24,674,143 24,674,143 $ 24,674,143 23,219,306 47,893,449 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, 2005 BUDGETED AMOUNTS ORIGINAL FINAL REVENUES Intergovernmental Miscellaneous Total revenues $ EXPENDITURES Capital outlay Total expenditures 21,202,798 243,000 21,445,798 $ 21,202,798 243,000 21,445,798 VARIANCE WITH FINAL BUDGETPOSITIVE (NEGATIVE) ACTUAL AMOUNTS $ 8,820,531 389,877 9,210,408 $ (12,382,267) 146,877 (12,235,390) 77,638,168 77,638,168 77,184,398 77,184,398 50,672,935 50,672,935 26,511,463 26,511,463 (56,192,370) (55,738,600) (41,462,527) 14,276,073 OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources (uses) 61,695,868 (320,883) 61,374,985 61,242,098 (320,883) 60,921,215 61,242,098 61,242,098 320,883 320,883 Net change in fund balances Fund balances – beginning Fund balances – ending 5,182,615 16,388,770 21,571,385 5,182,615 16,388,770 21,571,385 19,779,571 18,097,013 37,876,584 14,596,956 1,708,243 16,305,199 Deficiency of expenditures under revenues $ 228 $ $ $ Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects For the Fiscal Year Ended June 30, 2005 BUDGETED AMOUNTS ORIGINAL FINAL ACTUAL AMOUNTS VARIANCE WITH FINAL BUDGET GENERAL GOVERNMENT County Improvement New Admin Services Bldg New Admin Services Parking Chandler Consolidated Justice Court Downtown Consolidated Justice Court Northwest Consolidated Justice Court Southeast Consolidated Justice Court Southwest Consolidated Justice Court Public Health Clinic Human Service Campus Project Reserve Total County Improvement Intergovernmental Capital Projects Buckeye Hills Shooting Range Elections Facility Environmental Services Bldg Human Services Campus McDowell Track Comfort Station Sheriff Property & Evidence Warehouse Project Reserve Total Intergovernmental Capital Projects General Fund County Improvement Downtown Consolidated Justice Courts Superior Court Expansion Project McDowell Park Visitors Center New Admin Services Building White Tank Restoration NW Consolidated Justice Courts San Tan Mountain Park Improvement Security Building Comfort Station Improvements McDowell Track Comfort Station Maricopa Regional Trail System Project Reserve Total General Fund County Improvement $ $ $ $ $ $ 0 911,917 3,100,000 7,829,769 6,500,000 8,000,000 2,000,000 9,627,100 0 588,412 38,557,198 $ 1,428,390 0 2,180,000 16,596,000 50,000 306,547 534,657 21,095,594 $ 168,133 14,600,000 202,000 575,000 50,000 500,000 595,204 4,821,059 493,250 80,900 0 20,128 22,105,674 $ $ $ $ 627,322 896,090 2,892,690 12,000,013 6,500,000 8,000,000 2,000,000 9,811,327 14,099,995 0 56,827,437 $ 1,428,390 2,872 1,980,757 2,328,295 50,000 218,631 534,057 6,543,002 $ 499,987 14,227,338 100,000 685,710 50,000 479,238 591,797 4,892,659 493,250 80,900 1,000,000 20,128 23,121,007 $ $ $ $ 536,264 233,775 250,817 4,254,078 3,303,429 4,478 63,130 9,421,809 11,182,807 0 29,250,587 $ 27,066 2,869 1,880,071 2,328,290 0 103,653 0 4,341,949 $ 341,275 13,348,247 81,976 494,065 47,981 391,281 545,626 4,440,633 60,864 0 0 0 19,751,948 $ 4,145,480 7,619 4,097,949 7,234,963 15,486,011 $ $ $ $ 91,058 662,315 2,641,873 7,745,935 3,196,571 7,995,522 1,936,870 389,518 2,917,188 0 27,576,850 1,401,324 3 100,686 5 50,000 114,978 534,057 2,201,053 158,712 879,091 18,024 191,645 2,019 87,957 46,171 452,026 432,386 80,900 1,000,000 20,128 3,369,059 CRIMINAL JUSTICE FACILITES th 4 Avenue Jail Detention Facilities Renovations Juvenile Durango Lower Buckeye Jail Total Criminal Justice Facilities $ $ 4,072,921 15,000,000 13,427,890 7,661,598 40,162,409 229 $ $ 8,072,921 3,172,211 17,255,679 11,659,343 40,160,154 $ $ $ 3,927,441 3,164,592 13,157,730 4,424,380 24,674,143 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) For the Fiscal Year Ended June 30, 2005 BUDGETED AMOUNTS ORIGINAL FINAL ACTUAL AMOUNTS VARIANCE WITH FINAL BUDGET PUBLIC SAFETY ACDC ADMP Adobe Dam ADMP Arlington Valley City of Chandler Dam Safety Project Durango ADMP East Maricopa Floodway East Mesa ADMP Gila Bend Glendale/Peoria ADMP Hassayampa Higley ADMP Maryvale ADMP McMicken Dam Metro ADMP Non-Project Paradise Valley, Scottsdale, Phoenix Project Reserve Queen Creek ADMP South Phoenix Drainage Improvement Salt/Gila River Planning Scatter Wash Channel Skunk Creek Skunk Creek/New River Spook Hill FRS & Outlet Spook Hill ADMP Upper New River White Tanks ADMP Wickenburg ADMS Wittman ADMP Total Public Safety $ $ 0 0 223,000 647,000 0 4,530,000 4,624,000 5,980,497 0 2,209,000 0 0 4,668,000 1,908,000 1,148,000 0 1,883,000 1,217,503 1,916,000 8,001,000 1,100,000 0 0 4,073,000 0 350,000 0 7,386,000 0 0 51,864,000 $ $ 40,000 0 228,600 648,200 0 4,255,400 6,623,400 4,989,200 0 2,150,000 0 310,000 4,453,800 1,622,000 1,150,000 5,430,000 1,825,800 1,047,000 1,985,800 6,846,600 1,104,000 10,000 110,000 1,620,600 0 201,600 0 7,562,000 0 0 54,214,000 $ $ 135,368 2,818,122 203,995 673,256 (9,069) 4,746,681 4,779,233 1,436,813 873 643,826 18,796 11,449 5,813,002 2,622,717 7,611 426 2,549,650 0 2,789,933 6,135,344 1,023,657 3,215 101,165 2,468,090 38,558 159,608 401,405 2,653,143 229,419 236,532 42,692,818 $ $ (95,368) (2,818,122) 24,605 (25,056) 9,069 (491,281) 1,844,167 3,552,387 (873) 1,506,174 (18,796) 298,551 (1,359,202) (1,000,717) 1,142,389 5,429,574 (723,850) 1,047,000 (804,133) 711,256 80,343 6,785 8,835 (847,490) (38,558) 41,992 (401,405) 4,908,857 (229,419) (236,532) 11,521,182 HIGHWAYS AND STREETS 115th Avenue MC 85 to McDowell 51st Ave: Broadway to Baseline 51st Ave: Santa Cruz — Gric Bdry 51st Ave: S/Elliot — 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 Alma School Rd: North Bridge Grade Control Str Alma School Rd: McLellan to McKellips Alma School Rd: @ Champagne / Halley AzTech Smart Corridors Baseline Rd: 7th Ave to 43rd Ave Beardsley Rd. @ Agua Fria River Bell Road @ RH Johnson Bell Road: SR 303L / Grand Ave. Bell Road: SR 303 — L101 ITS Improvement Bethany Home Rd @ Dysart Old Stage — New River — Coyote Pass $ 2,000 0 120,000 5,000 75,000 20,000 5,000 215,000 2,707,000 2,360,000 170,000 50,000 1,000 0 10,000 5,000 1,120,000 220,500 0 230 $ 2,000 8,000 120,000 5,000 75,000 270,000 5,000 215,000 227,000 560,000 170,000 280,000 6,000 250,000 60,000 5,000 1,120,000 220,500 100,000 $ 954 6,866 120,333 1,884 2,124 5,767 5,056 460 114,669 41,057 146,696 100,698 10,469 98,529 77,349 3,372 85,903 28,506 32,383 $ 1,046 1,134 (333) 3,116 72,876 264,233 (56) 214,540 112,331 518,943 23,304 179,302 (4,469) 151,471 (17,349) 1,628 1,034,097 191,994 67,617 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) For the Fiscal Year Ended June 30, 2005 BUDGETED AMOUNTS ORIGINAL FINAL Biological Assessment Services Brown Rd: Ellsworth to Crismon Bush Hwy: Usery — Stewart Mountain Candidate Assessment Reports Carefree Hwy: 7th Ave — Cave Creek Cave Creek: Lone Mtn to Carefree Hwy Chandler Heights: Road Bridge over the Eastern Canal Chandler Hts Rd @ Sanoki Wash Chandler Hts Rd @ 124th Street Contract Overlay FY 04 Cotton Ln Bridge @ Gila River Deer Valley @ Agua Fria River Deer Valley Rd: 83rd — 91st Ave Dynamite Blvd — CC Rd El Mirage: Beardsley to Loop 303 El Mirage: Bell to Beardsley El Mirage: Northern / Bell Ellsworth: Germann to Baseline Ellsworth: Hunt Hwy — Riggs Ellsworth: University to McLellan Estrella Interim Loop 303 (II) Fig Springs: New River Fire Station @ 11th Ave. GDACS: Geodetic Densification & Cadastral Surveys Gen Civil Eng Annual On-Call Contract Gilbert Rd: Loop 202 — Pecos Gilbert Rd: McDowell to SR 87 Gilbert Rd: Warner to Water Tank Greenway Rd. @ SR 303 Indian School @ Litchfield — Dysart Loop 303: Bethany Home — Glendale Loop 303: Cactus — Wadell Loop 303: Camelback — Bethany Home Loop 303: Greenway Rd to Bell Loop 303: Indian School to Camelback Loop 303: Waddell — Greenway Laveen Area Conveyance Channel Lindsay Rd: William Field to Ray Low Volume Roads Program Lower Buckeye Rd @ 67th Ave Loop 303: Indian School — Clearview Loop 303: Intersection Improvements MC 85: 107th Ave — 91st Ave MC 85: 91st Ave — 75th Ave MC 85: Cotton Lane to Estrella Pkwy MC 85: El Mirage to 115th Ave MC 85: Est: SR 85 to Turner Rd MC 85: Estrella Pkwy to Litchfield MC 85: Agua Fria / Bridge Scour MC 85: Jackrabbit — Perryville MC 85 @ Miller Rd MC 85: Perryville — Cotton MC 85: SR 85 / 75th Ave McDowell Rd: Alma School — SR 87 McDowell Rd: Shoulders Widening McDowell Rd: Pima Fry to Alma School McKellips Rd Bridge @ Salt River $ 15,000 1,000 225,000 300,000 1,275,000 1,000 643,000 80,000 92,000 220,000 0 0 80,000 0 5,000 5,000 245,000 12,152,580 0 2,431,000 0 0 2,900 2,250,000 230,000 0 9,305,512 5,000 709,700 0 4,000 1,000 4,000 1,000 4,000 1,000 500,000 1,627,500 20,000 126,400 205,000 0 935,000 10,000 1,000 0 368,826 2,830,000 35,000 1,000 5,000 1,000 320,000 320,000 10,000 0 1,000 231 $ 15,000 31,000 225,000 450,000 1,275,000 1,000 1,233,000 80,000 92,000 2,020,000 3,450,000 250,000 90,000 100,000 25,000 2,375,000 245,000 3,802,580 0 3,081,000 1,390,000 100,000 52,900 2,250,000 600,000 1,630,000 905,512 5,000 709,700 150,000 4,000 1,000 4,000 3,000 4,000 1,000 500,000 1,627,500 3,020,000 126,400 820,000 110,000 935,000 10,000 291,000 0 368,826 2,830,000 185,000 1,000 35,000 1,000 320,000 320,000 50,000 865,000 1,000 ACTUAL AMOUNTS $ 0 26,972 29,130 323,770 765,332 30 1,219,049 88,709 28,912 1,932,500 3,000,448 96,602 1,979 47,282 19,156 2,305,669 2,793 2,278,205 230 2,800,256 448,089 24,558 43,039 1,418,425 555,694 815,333 955,035 998 96,724 52,172 2,468 0 1,628 2,678 403 16 502,571 1,625,500 1,233,840 38,525 891,812 97,701 329,587 26,482 229,134 (1,338) 131,342 2,482,823 110,265 871 40,749 1,262 154,388 948 47,352 433,243 827 VARIANCE WITH FINAL BUDGET $ 15,000 4,028 195,870 126,230 509,668 970 13,951 (8,709) 63,088 87,500 449,552 153,398 88,021 52,718 5,844 69,331 242,207 1,524,375 (230) 280,744 941,911 75,442 9,861 831,575 44,306 814,667 (49,523) 4,002 612,976 97,828 1,532 1,000 2,372 322 3,597 984 (2,571) 2,000 1,786,160 87,875 (71,812) 12,299 605,413 (16,482) 61,866 1,338 237,484 347,177 74,735 129 (5,749) (262) 165,612 319,052 2,648 431,757 173 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) For the Fiscal Year Ended June 30, 2005 BUDGETED AMOUNTS ORIGINAL FINAL McNeil: 35th — 31st Ave McQueen Rd: Queen Creek to Pecos Meridian Rd: Hunt / Baseline CS Missouri Ave @ Dysart Rd Monterey Rd @ Power Rd Non Project Northeast Maintenance Facility Northern Ave @ 107th Ave Northern Ave: 95th Ave to 71st Ave Ocotillo: Power / Alma School Old US 80 @ Hassayampa / Scour PM10 Roads (Ph 2) in NW area (grp 1) PM10 Roads (Ph 2) in NW area (grp 2) 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 (Ph 4) in NW Valley PM10 Roads (Ph 4) in SE Valley PM10 Roads (Ph 4) in SW Valley PM10 Roads 12th Str, Cir Mtn — TNF PM10 Roads Box Bar & Needle Rock PM10 Roads (Ph 2)Circle Mtn 13th Ave — NR PM10 Roads Saddle Mtn N Riv — 12th Pinnacle Peak: Lake Pleasant — 83rd Ave Power Rd: Guadalupe to Baseline Power Rd: Williams Field to Ray Previous Year’s Projects Project Reserve Account Property Management / Prior Year Project Queen Creek Rd: Culvert at Eastern Canal Queen Creek Rd: Arizona Ave to McQueen Ray Rd: Lindsay — Greenfield Riggs Rd @ SR 347 Riggs Rd: I-10 — Price Riggs Rd: Arizona Ave — Gilbert Rd Rio Salado Loop 303 — 7th Ave Rittenhouse Rd @ Ellsworth Rd Rittenhouse Rd @ Power Rd R.O.W. In-fill on Road Inventory System Signal Modernization Small Cities Assistance Program Special Projects TAB SR 303 Safety Impr: Ind Sch — Cirv Sun City Asphalt Reconst FY 04 Sun City Mill & Overlay Ph1 Sun Valley Pkwy Corridor Study TIP Development Unallocated Force Account Utility Locating Annual On-Call Contract Vineyard Ave / 143rd Ave Warranted Traffic Improvements tba Williams Field @ Higley Williams Field Rd: Gilbert to Lindsay Total Highways and Streets $ $ 5,000 4,270,000 80,000 220,500 220,500 0 110,000 260,750 10,000 68,000 1,315,000 31,000 31,000 200,000 31,000 500,000 400,000 735,000 735,000 735,000 0 1,105,000 5,000 405,000 75,000 5,000 10,000 350,000 5,865,000 50,000 5,000 305,000 2,000 191,000 505,000 4,500,000 60,000 24,000 0 3,502,000 320,000 300,000 1,000,000 1,020,000 220,000 0 300,000 1,000,000 539,500 50,000 0 500,000 736,000 40,000 77,638,168 232 $ $ 135,000 5,520,000 80,000 220,500 220,500 0 110,000 260,750 10,000 148,000 1,315,000 31,000 61,000 325,000 101,000 1,100,000 400,000 735,000 735,000 735,000 250,000 900,000 5,000 405,000 75,000 155,000 60,000 1,350,000 736,230 50,000 5,000 1,205,000 2,000 191,000 505,000 4,500,000 60,000 24,000 0 1,502,000 320,000 300,000 250,000 20,000 520,000 5,500,000 300,000 370,000 539,500 50,000 750,000 500,000 736,000 40,000 77,184,398 ACTUAL AMOUNTS $ $ 132,256 4,734,114 109,696 10,263 37,328 7,072 6,841 27,505 26,976 152,123 894,469 28,513 48,619 368,873 67,263 942,757 35,780 947,588 574,571 247,621 173,121 6,170 586 236,873 14,913 180,602 56,797 1,275,639 981,222 39,911 228 1,169,340 0 23,438 53,494 4,500,123 7,890 0 2,180 919,781 101,881 90,196 11,222 47 492,945 1,285,314 39,950 280,238 21,234 241 517,662 376 137,235 6,615 50,672,935 VARIANCE WITH FINAL BUDGET $ $ 2,744 785,886 (29,696) 210,237 183,172 (7,072) 103,159 233,245 (16,976) (4,123) 420,531 2,487 12,381 (43,873) 33,737 157,243 364,220 (212,588) 160,429 487,379 76,879 893,830 4,414 168,127 60,087 (25,602) 3,203 74,361 (244,992) 10,089 4,772 35,660 2,000 167,562 451,506 (123) 52,110 24,000 (2,180) 582,219 218,119 209,804 238,778 19,953 27,055 4,214,686 260,050 89,762 518,266 49,759 232,338 499,624 598,765 33,385 26,511,463 Financial Section Combining and Individual Fund Statements Nonmajor Enterprise Funds Maricopa County Listing of Nonmajor Enterprise Funds 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 these funds on the same basis as investor-owned enterprises in the same industry. Non-AHCCCS Health Plans Fund – Accounts for the operations of the Senior Select Health Plan, a Medicare program operating under contract with the Federal government. 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 Combining Statement of Net Assets Nonmajor Enterprise Funds June 30, 2005 NON-AHCCCS HEALTH PLANS ASSETS Current assets: Cash in bank and on hand Cash and investments held by County Treasurer Receivables: Accrued interest Prepaids Miscellaneous Total current assets $ SOLID WASTE $ $ 69,277 657,460 7,750 665,210 Noncurrent assets: Restricted: Investments held by trustee Capital assets: Land Buildings and improvements Machinery and equipment Less accumulated depreciation Total noncurrent assets LIABILITIES Current liabilities: Vouchers payable Employee compensation payable Accrued liabilities Interest payable Due to other funds Medical claims payable Lease revenue bonds payable (current portion) Advances from other funds (current portion) Liability for closure and postclosure costs (current portion) Total current liabilities 3,944 15,026,054 69,277 657,460 11,694 15,691,264 7,277 7,277 1,187,486 63,562 2,505,653 (2,401,006) 1,362,972 665,210 16,389,026 17,054,236 322,258 2,660 297,898 19,751 7,095 711 6,566 12,166 332,807 676,994 620,156 22,411 7,095 711 1,017,002 2,820,257 6,566 12,166 332,807 4,839,171 36,933 60,834 9,530,182 9,627,949 36,933 60,834 9,530,182 9,627,949 4,162,177 10,304,943 14,467,120 (3,496,967) (3,496,967) 1,239,196 7,277 4,837,610 6,084,083 1,239,196 7,277 1,340,643 2,587,116 1,017,002 2,820,257 4,162,177 Noncurrent liabilities: Lease revenue bonds payable Advances from other funds Liability for postclosure costs Total noncurrent liabilities Total liabilities $ 500 14,952,333 1,187,486 63,562 2,505,653 (2,401,006) 1,362,972 Total assets NET ASSETS Invested in capital assets, net of related debt Restricted for debt service Unrestricted (deficit) Total net assets 500 14,952,333 TOTAL 236 $ $ Maricopa County Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets Nonmajor Enterprise Funds For the Fiscal Year Ended June 30, 2005 NON-AHCCCS HEALTH PLANS OPERATING REVENUES Charges for services Miscellaneous Total operating revenues $ $ 20,771,965 OPERATING EXPENSES Personal services Supplies Medical Services Other services Leases and rentals Utilities Depreciation Miscellaneous Total operating expenses 784,324 1,624,204 26,917,004 NONOPERATING REVENUES (EXPENSES) Investment income Interest expense Total nonoperating revenues (expenses) Transfers in Change in net assets $ $ 21,099,712 114,064 21,213,776 27,298 29,378,965 325,041 1,005,986 1,625,893 26,917,004 46,559 27,693 1,904 51,669 27,298 29,704,006 (8,607,000) 116,770 (8,490,230) 46,559 1,558 1,904 51,669 51,780 (205,903) (154,123) Income (loss) before transfers 327,747 114,064 441,811 TOTAL 221,662 1,689 26,135 Operating income (loss) Total net assets – beginning Total net assets – ending 20,771,965 SOLID WASTE 348,737 (1,423) 347,314 400,517 (207,326) 193,191 (8,761,123) 464,084 (8,297,039) 15,273,620 6,512,497 464,084 15,273,620 6,976,581 (10,009,464) (3,496,967) 237 $ 5,619,999 6,084,083 $ (4,389,465) 2,587,116 Maricopa County Combining Statement of Cash Flows Nonmajor Enterprise Funds For the Fiscal Year Ended June 30, 2005 CASH FLOWS FROM OPERATING ACTIVITIES Charges for services Other receipts Payments for goods and services Payments for personal services Net cash used for operating activities NON-AHCCCS HEALTH PLANS SOLID WASTE $ $ 21,249,455 (46,594,170) (781,664) (26,126,379) CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Cash transfers from other funds Interest payments Loan payments to General Fund Net cash provided by (used for) noncapital financing activities 327,747 114,064 (512,968) (217,997) (289,154) TOTAL $ 26,273,620 (205,903) 26,067,717 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Purchase of capital assets Principal payments on long-term debt Interest payments on long-term debt Net cash used for capital and related financing activities CASH FLOWS FROM INVESTING ACTIVITIES Interest and dividends Net cash provided by investing activities 58,662 58,662 Net decrease in cash and cash equivalents Cash and cash equivalents, July 1, 2004 (12,166) (12,166) 26,273,620 (205,903) (12,166) 26,055,551 (219,878) (32,830) (2,103) (254,811) (219,878) (32,830) (2,103) (254,811) 342,052 342,052 400,714 400,714 (214,079) (214,079) 15,174,189 Cash and cash equivalents, June 30, 2005 $ RECONCILIATION OF OPERATING 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 Net change in liability for postclosure costs - noncurrent Changes in assets and liabilities: Accounts receivable Due from other funds Prepaids Miscellaneous Vouchers payable Employee compensation payable Accrued liabilities Due to other funds Medical claims payable Liability for closure and postclosure costs - current Net cash used for operating activities SCHEDULE OF NONCASH INVESTING, CAPITAL AND NONCAPITAL FINANCING ACTIVITIES Accumulated depreciation from disposed capital assets Machinery and equipment disposed $ 15,174,189 $ 14,960,110 $ 14,960,110 $ 116,770 $ (8,490,230) 51,669 (768,856) 477,490 4,470,166 243,323 2,526,762 (852,229) 2,660 (3,939,637) (15,610,549) (4,837,365) $ $ 238 (8,607,000) (26,126,379) 21,577,202 114,064 (47,107,138) (999,661) (26,415,533) 51,669 (768,856) 136 289,111 3,665 $ $ 18,351 (289,154) 191,455 (191,455) $ $ 477,490 4,470,166 243,323 2,526,898 (563,118) 6,325 (3,939,637) (15,610,549) (4,837,365) 18,351 (26,415,533) 191,455 (191,455) 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, 2005 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 and improvements Machinery and equipment Less accumulated depreciation Total noncurrent assets 900 TELECOMMUNICATIONS $ 341,225 400 4,679,274 8,683 83,764 342,125 4,772,121 821,871 323,649 5,451,249 (2,416,827) 3,358,071 865,379 (553,927) 311,452 1,828,681 (1,451,376) 377,305 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 $ 821,871 719,430 8,130,192 1,133,323 710,938 231,494 567,354 244,051 8,852 51,884 1,884,669 81,440 2,827,101 892,845 Noncurrent liabilities: Leases payable Liability for reported and incurred but not reported claims Total noncurrent liabilities 60,736 153,430 153,430 Total liabilities NET ASSETS Invested in capital assets, net of related debt Unrestricted (deficit) Total net assets $ 242 2,827,101 1,046,275 60,736 377,305 (2,484,976) (2,107,671) 3,123,201 3,960,716 7,083,917 311,452 761,135 1,072,587 $ $ EMPLOYEE BENEFITS TRUST RISK MANAGEMENT $ $ SHERIFF WAREHOUSE TOTALS JUNE 30, 2005 $ 37,019,391 172,094 22,521,849 62,073 1,804,757 1,173,867 2,720,804 26,478,593 $ 1,380,341 38,996,242 1,380,341 323,649 8,216,739 (4,476,014) 4,064,374 71,430 (53,884) 17,546 39,013,788 26,478,593 1,380,341 76,855,667 1,117,861 108,227 911,074 102,104 3,418,183 635,656 1,264 2,594,207 81,440 1,264 709,538 4,080,935 4,992,009 20,149,947 21,376,035 24,230,882 30,961,632 812,906 153,430 30,340,604 30,494,034 30,340,604 30,340,604 $ 1,300 65,042,385 242,850 1,805,330 2,978,624 2,720,804 72,791,293 51,716,639 4,992,009 812,906 61,455,666 17,546 (12,720,397) (12,702,851) 21,486,584 21,486,584 567,435 567,435 3,829,504 11,570,497 15,400,001 $ $ 243 $ Maricopa County Combining Statement of Revenues, Expenses, and Changes in Net Assets All Internal Service Funds For the Fiscal Year Ended June 30, 2005 EQUIPMENT SERVICES OPERATING REVENUES Charges for services Intergovernmental charges 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 contributions and transfers 10,509,364 TELECOMMUNICATIONS $ 19,101 10,528,465 17,547 16,635,436 2,688,680 6,872,792 555,947 2,654,835 1,207,897 1,254,198 4,557 659,317 12,635 75,895 126,806 10,996,629 (468,164) 1,886,114 2,074,881 22,583 5,345,004 644,906 15,090,418 1,545,018 50,614 (8,506) (63,762) (3,764) (67,526) (535,690) Capital contributions Transfers in Transfers out Change in net assets 16,617,889 42,108 1,587,126 156,572 Total net assets (deficit) – beginning Total net assets (deficit) – ending $ 244 (535,690) 1,743,698 (1,571,981) 5,340,219 (2,107,671) $ 7,083,917 REPROGRAPHICS $ 1,105,320 EMPLOYEE BENEFITS TRUST RISK MANAGEMENT $ 9,743 1,115,063 487,537 239,335 38,189 22,364,322 3,609,035 10,368 25,983,725 $ 35,773,275 6,373,968 58,216 42,205,459 1,270,312 260,784 740,850 6,845,582 20,891,208 33,393,800 4,598 30,013,334 (4,029,609) 35,693,048 6,512,411 SHERIFF WAREHOUSE $ 2,844,793 TOTALS JUNE 30, 2005 $ 2,844,793 7,101,364 11,099,342 5,140,939 6,845,582 54,285,008 1,890,671 2,786,431 35,218 5,420,899 854,708 95,460,162 3,852,779 2,518,534 252,507 2,299,248 52,233 78,398 895,692 219,371 751,208 (196) (39,518) (39,714) 179,657 2,771,041 73,752 432,990 751,208 (3,278,401) 432,990 6,945,401 73,752 1,234,812 (72,464) (43,282) 1,119,066 4,971,845 (9,608) 170,049 (3,278,401) 14,490,408 73,752 156,572 7,545,007 (9,608) 12,663,816 902,538 (9,424,450) 6,996,176 493,683 2,736,185 7,545,007 $ 89,214,963 9,983,003 114,975 99,312,941 1,072,587 $ (12,702,851) $ 21,486,584 245 $ 567,435 $ 15,400,001 Maricopa County Combining Statement of Cash Flows All Internal Service Funds For the Fiscal Year Ended June 30, 2005 EQUIPMENT SERVICES CASH FLOWS FROM OPERATING ACTIVITIES Charges for services Receipts from other governments for services provided Payments for goods and services Payments for personal services Other receipts Net cash provided by (used for) operating activities $ 10,509,364 TELECOMMUNICATIONS $ (8,050,209) (2,682,206) 19,101 (203,950) 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 (198,640) (198,640) (11,720,410) (2,674,833) 17,547 2,240,193 (333,121) (478,530) 9,743 303,412 (1,074,925) (93,640) (8,506) (1,177,071) (245,331) (18,370) (196) (263,897) 48,619 48,619 Net increase in cash and cash equivalents Cash and cash equivalents, July 1, 2004 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 Capital contributions Accumulated depreciation transferred to governmental activities Capital assets transferred to governmental activities Capital assets transferred from governmental activities Transfer out capital assets to governmental activities 1,105,320 (63,762) (1,418,317) 402,590 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) BY 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 $ 1,884,669 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, 2005 16,617,889 REPROGRAPHICS 900 $ $ 900 (468,164) 1,111,741 39,515 3,567,933 782,356 $ 4,679,674 $ 821,871 $ 1,545,018 $ 219,371 126,806 644,906 (71,385) (13,979) 1,584 200,777 6,474 (42) 244 84,002 (19,998) $ (203,950) $ $ 111,989 (115,753) 3,764 $ 2,240,193 78,398 (3,364) 9,007 $ $ 303,412 26,738 (66,256) 39,518 (156,572) 72,666 (82,274) 156,572 9,608 246 EMPLOYEE BENEFITS TRUST RISK MANAGEMENT $ 22,364,541 3,619,403 (20,612,558) (1,267,472) $ 4,103,914 34,834,643 6,742,131 (38,054,201) SHERIFF WAREHOUSE $ 2,844,793 TOTALS JUNE 30, 2005 $ (3,190,962) 3,522,573 (346,169) 709,538 2,594,207 7,545,007 (63,762) (1,781,686) 8,293,766 7,545,007 (363,369) 346,169 7,545,007 (19,754) (1,538,650) (112,010) (8,702) (1,659,362) (19,754) 712,623 712,623 413,796 413,796 1,175,038 1,175,038 4,796,783 11,481,376 17,429,415 32,222,608 11,040,473 47,614,270 $ 37,019,391 $ 22,521,849 $ $ (4,029,609) $ 6,512,411 $ 73,752 $ 65,043,685 $ 3,852,779 4,598 3,621,540 854,708 3,621,540 (370,491) (98,970) 219 266,898 2,840 (35,269) (938,632) (957,722) (44,319) (5,111) $ $ 88,276,550 10,361,534 (81,961,461) (7,103,041) 46,391 9,619,973 4,336,398 4,103,914 $ $ (1,058,215) 3,522,573 $ (346,169) $ $ $ 247 (455,855) (134,239) (936,585) (453,728) (1,677) (5,153) 3,278,183 9,619,973 138,727 (182,009) 43,282 (156,572) 72,666 (82,274) 156,572 9,608 248 Financial Section Agency Fund Statement Maricopa County Listing of 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, other governments and/or other funds. 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, 2005 BALANCE JULY 1, 2004 ADDITIONS BALANCE JUNE 30, 2005 DEDUCTIONS SPECIAL PURPOSE Assets Cash in bank and on hand Total assets $ $ 29,114,744 29,114,744 $ $ 6,786,582 6,786,582 $ $ $ $ 35,901,326 35,901,326 Liabilities Deposits held for other parties Total liabilities $ $ 29,114,744 29,114,744 $ $ 6,786,582 6,786,582 $ $ $ $ 35,901,326 35,901,326 252 STATISTICAL SECTION Maricopa County Listing of Statistical Information 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. 256 Net Assets by Component Changes in Net Assets Fund Balances, Governmental Funds Changes in Fund Balances, Governmental Funds Revenue Capacity These schedules contain information to help the reader assess the County’s most significant local revenue source, property tax. 262 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 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. 267 Ratios of Outstanding Debt by Type Legal Debt Margin Information Pledged Revenue Coverage Demographic and Economic Information These schedules offer demographic and economic indicators to help the reader understand the environment within which the County’s financial activities take place. 270 Demographic and Economic Statistics Principal Employers Operating Information 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 255 272 Maricopa County Net Assets by Component Last Four Fiscal Years (accrual basis of accounting) Fiscal Year NET ASSETS 2001-02 2002-03 2003-04 2004-05 Governmental activities 1,529,060,770 $ 1,811,332,732 Restricted Invested in capital assets, net of related debt 321,969,019 234,284,414 204,462,971 260,495,040 Unrestricted 222,913,694 441,241,848 397,555,149 456,714,660 $ 2,413,350,852 $ 3,063,120,617 $ $ 1,388,358 Total governmental activities net assets $ 1,259,210,540 $ $ 1,804,093,253 $ 2,204,587,032 $ $ 75,738,774 $ 2,345,910,917 Business-type activities Invested in capital assets, net of related debt Restricted 53,752,904 Unrestricted Total business-type activities net assets 81,077,781 (8,089,795) 16,320,660 6,410,491 19,709,472 126,740,890 $ 126,146,843 $ 1,340,288,321 $ 1,604,799,544 $ 72,392,695 43,997,578 $ 7,277 (26,237,718) 108,422,827 $ $ 1,883,725,427 $ (24,842,083) Primary government Invested in capital assets, net of related debt 2,347,299,275 Restricted 375,721,923 278,281,992 220,783,631 260,502,317 Unrestricted 214,823,899 447,652,339 417,264,621 430,476,942 2,330,733,875 $ 2,521,773,679 Total primary government net assets $ 1,930,834,143 $ $ 3,038,278,534 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. 256 Maricopa County Changes in Net Assets Last Four Fiscal Years (accrual basis of accounting) Fiscal Year 2001-02 2002-03 2003-04 2004-05 Expenses Governmental activities: General government $ Public safety 124,501,063 $ 181,265,791 $ 185,518,463 $ 157,764,168 490,943,644 506,600,904 581,443,588 52,464,778 51,016,886 44,392,614 63,014,453 304,220,867 335,607,743 332,380,442 439,784,002 Culture and recreation 25,453,164 27,488,028 27,963,450 33,068,497 Education 16,675,171 17,386,261 19,170,903 18,397,229 Interest on long-term debt 11,557,524 11,446,165 8,249,310 7,827,876 1,025,816,211 1,130,811,778 1,199,118,770 1,405,618,226 340,556,596 366,425,283 371,991,804 168,986,980 Highways and streets Health, welfare and sanitation Total governmental activities expenses 685,762,001 Business-type activities: Medical Center Arizona Health Care Cost Containment System (AHCCCS) — Acute Health Care program 93,168,287 109,142,148 167,346,474 132,314,013 241,654,207 232,991,015 273,164,762 252,178,102 66,767,140 75,004,905 82,737,548 639,546 1,615,848 1,336,866 29,911,332 742,785,776 785,179,199 896,577,454 583,390,427 $ 1,768,601,987 $ 1,915,990,977 $ 2,095,696,224 $ 1,989,008,653 $ 24,457,239 $ $ $ AHCCCS—Arizona Long-Term Care System (ALTCS) program Non-AHCCCS health care program (Senior 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 26,357,344 26,589,393 37,213,997 81,687,973 71,880,262 78,288,469 1,451,293 1,563,228 1,769,524 6,550,179 22,917,356 24,243,241 26,745,928 28,100,481 Culture and recreation 8,358,894 8,461,408 8,546,372 8,954,896 Education 3,057,546 2,714,129 4,146,571 2,383,943 281,170,304 304,923,484 294,296,698 382,416,458 Highways and streets Health, welfare and sanitation Operating grants and contributions Capital grants and contributions Total governmental activities program revenues 84,213,640 2,712,908 44,322,271 18,917,753 39,017,299 425,813,513 484,465,367 459,300,708 588,850,893 291,946,393 334,310,122 380,554,715 158,640,394 100,104,747 115,846,532 138,274,739 117,680,705 252,343,614 240,083,167 234,370,191 220,784,342 64,169,238 70,518,591 59,656,677 44,860 106,470 230,389 21,213,776 6,272,958 6,959,432 6,681,898 2,501,372 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 program (Senior Select) Other business-type activities Operating grants and contributions Capital grants and contributions Total business-type activities program revenues Total primary government program revenues $ 9,833 19,944 714,881,810 767,824,314 819,778,442 520,840,533 1,140,695,323 $ 1,252,289,681 $ 1,279,079,150 $ 1,109,691,426 (600,002,698) $ (646,346,411) $ (739,818,062) $ (816,767,333) (27,903,966) (17,354,885) (76,799,012) (62,549,894) (627,906,664) $ (663,701,296) $ (816,617,074) $ (879,317,227) Net (Expense)/Revenue Governmental activities $ Business-type activities Total primary government net expense $ Continued on next page 257 Maricopa County Changes in Net Assets (Continued) Fiscal Year 2001-02 2002-03 2003-04 2004-05 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 269,753,187 $ 295,627,499 $ 328,580,647 $ 357,712,304 44,775,297 44,302,535 50,702,924 56,093,885 9,690,800 10,369,080 14,414,827 15,796,618 20,250,715 19,708,786 19,267,865 0 325,728,202 330,260,143 358,056,954 397,712,843 98,177,716 98,932,138 107,441,209 119,143,064 5,407,664 5,240,032 5,556,717 6,024,355 106,115,829 110,603,659 116,054,332 122,637,827 8,700,138 1,725,495 1,775,295 1,813,162 29,404,833 16,507,950 8,626,732 20,995,575 (18,666,719) 13,346,055 21,601,858 Miscellaneous 10,627,773 3,061,600 3,915,244 4,262,227 Transfers (25,752,045) (16,531,668) (58,278,148) (37,047,610) 894,024,075 933,153,304 977,716,456 1,046,477,531 6,359,401 2,594,524 796,848 1,002,779 25,752,045 16,531,668 58,278,148 37,047,610 33,980,311 19,126,192 59,074,996 (70,715,016) 1,036,791,452 Gain (loss) on disposal of capital assets (8,856,034) Total governmental activities Business-type activities: Unrestricted investment earnings Gain (loss) on disposal of capital assets (103,280) Miscellaneous 1,972,145 Special item – loss on closure of business activity (108,765,405) Transfers Total business-type activities Total primary government $ 928,004,386 $ 952,279,496 $ 294,021,377 $ 286,806,893 975,762,515 Change in Net Assets Government activities Business-type activities Total primary government 6,076,345 $ 300,097,722 $ 1,771,307 $ 288,578,200 237,898,394 $ (17,724,016) $ 220,174,378 229,710,198 (133,264,910) $ 96,445,288 Prior to fiscal year 2001-02, the changes in net assets are not available due to the initial year of GASB Statement No. 34 presentation. 258 Maricopa County Fund Balances, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) Fiscal Year 1995-96 1996-97 1997-98 1998-99 1999-00 General Fund Reserved $ Unreserved Total general fund 2,803,113 $ 58,081,486 3,371,644 $ 12,242,094 $ 4,321,620 $ 107,517,591 $ 119,759,685 $ 145,038,481 $ 160,804,655 $ $ 2,435,938 $ 1,021,537 $ 60,884,599 $ 81,520,328 $ 1,588,283 $ 2,822,944 140,716,861 6,368,458 78,148,684 154,436,197 All Other Governmental Funds Reserved 2,654,738 Unreserved, reported in: Special revenue funds 87,107,851 111,059,742 Capital projects funds 29,245,291 (26,768,397) 133,449,337 159,549,660 143,167,692 11,519,168 25,130,369 156,797,383 Debt service funds Total all other governmental funds $ 117,941,425 $ 87,114,289 $ 147,623,243 $ 187,115,967 $ 300,986,612 Fiscal Year 2000-01 2001-02 2002-03 2003-04 2004-05 General Fund Reserved $ Unreserved Total general fund 4,416,236 $ 156,786,153 5,083,202 $ 249,039,062 3,834,312 $ 288,822,823 2,400,780 $ 315,905,112 3,281,552 427,995,902 $ 161,202,389 $ 254,122,264 $ 292,657,135 $ 318,305,892 $ 431,277,454 $ 1,194,925 $ 23,515,381 $ 24,618,711 $ 22,498,657 $ 23,602,714 All Other Governmental Funds Reserved Unreserved, reported in: Special revenue funds 119,080,975 153,208,886 156,611,561 187,646,410 192,187,526 Capital projects funds 242,663,698 145,345,468 120,430,525 108,561,138 129,612,546 Debt service funds 123,383,762 97,344,273 81,674,429 74,332,552 Total all other governmental funds $ 486,323,360 $ 419,414,008 259 $ 383,335,226 $ 393,038,757 36,643,487 $ 382,046,273 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 1995-96 1996-97 1997-98 1998-99 Revenues Taxes $ Licenses and permits Intergovernmental Charges for services Fines and forfeits 234,576,660 $ 240,138,668 $ 256,680,131 $ 273,423,421 12,415,267 13,324,933 14,882,655 17,067,513 565,800,613 617,278,173 593,963,445 659,408,934 47,693,323 44,579,250 54,295,458 57,287,860 9,862,807 11,499,560 12,460,671 13,426,857 Special assessment Miscellaneous 38,701,304 42,075,258 143,116,936 46,279,528 Total revenues 909,049,974 968,895,842 1,075,399,296 1,066,894,113 Expenditures General government 84,393,672 83,288,504 76,045,723 92,526,980 285,016,888 312,469,016 338,229,571 364,823,901 42,260,676 41,937,037 38,787,702 52,048,136 291,957,283 295,239,781 335,143,437 353,141,055 11,686,132 35,307,331 10,681,908 13,339,246 1,113,304 1,138,321 10,810,535 13,627,432 Principal 16,563,238 19,077,158 21,082,227 22,805,407 Interest 12,095,162 11,799,174 11,960,101 10,279,203 Public safety Highway and streets Health, welfare and sanitation Culture and recreation Education Debt service Other Capital outlay 180,419,728 242,991,752 215,297,901 149,600,384 Total expenditures 925,506,083 1,043,248,074 1,058,039,105 1,072,191,744 (16,456,109) (74,352,232) 17,360,191 (5,297,631) Excess of revenues over (under) expenditures Other financing sources (uses) Transfers in Transfers out Capital lease agreements 90,347,870 92,167,569 103,198,973 112,033,812 (58,010,199) (61,984,088) (39,208,492) (44,192,804) 9,111,886 1,064,094 2,976,609 11,320,208 19,356,467 83,236 617,869 50,604,042 67,050,326 79,779,085 Proceeds from bond issuance Premium on refunding bonds Payment to escrow agent Total other financing sources (uses) Net change in fund balances 41,449,557 $ 24,993,448 $ (23,748,190) $ 84,410,517 $ 74,481,454 Debt service as a percentage of noncapital expenditures 3.8% 3.9% 260 3.9% 3.6% $ Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 296,029,480 343,037,203 $ 474,876,462 $ 524,751,335 22,187,021 $ 316,624,353 23,688,768 $ 26,106,311 28,192,974 31,629,382 34,765,632 783,237,358 803,712,695 831,668,101 745,697,718 778,964,259 904,156,166 62,026,284 65,836,359 68,770,386 66,499,607 71,682,924 74,735,757 14,583,372 14,908,415 15,776,099 16,326,795 17,166,377 21,855,377 3,625,508 3,584,883 3,536,133 49,295,439 65,397,496 69,879,317 59,899,212 48,974,704 56,838,888 1,227,358,954 1,290,168,086 1,355,237,417 1,395,118,276 1,476,753,864 1,652,639,763 91,629,129 101,678,589 99,265,465 114,241,982 118,226,772 130,064,711 422,453,691 459,487,297 481,843,123 493,435,114 563,716,985 636,868,683 55,450,402 59,803,451 55,240,772 44,226,114 41,549,321 48,811,843 278,987,186 295,158,694 311,510,932 331,752,530 331,028,006 437,845,805 15,302,763 16,312,843 17,651,564 19,388,797 19,587,482 22,146,913 17,853,463 16,552,929 16,560,263 17,268,012 18,815,487 18,014,621 23,808,586 24,091,044 39,618,137 34,071,393 35,159,141 15,677,059 7,908,121 7,677,328 10,271,627 10,423,785 8,828,297 8,592,525 1,179,102 266,757 11,870 181,400,888 229,743,778 294,010,771 315,588,133 248,465,695 205,929,785 1,094,794,229 1,210,505,953 1,327,151,756 1,380,395,860 1,385,643,943 1,523,963,815 132,564,725 79,662,133 28,085,661 14,722,416 91,109,921 128,675,948 259,159,435 321,948,526 243,650,675 386,029,678 295,868,643 346,549,747 (268,494,193) (342,528,925) (269,402,720) (402,561,346) (358,012,976) (395,058,179) 165,830 9,843,870 4,321,656 111,095,706 78,450,670 4,542,153 (4,792,605) $ $ 556,751,810 127,772,120 3.5% 90,681,137 $ 170,343,270 3.2% 8,384,655 12,000,000 3,541,257 457,156 (77,980,850) (12,353,671) (12,210,012) (11,897,098) $ 6,333,484 15,598,262 16,188,563 4.9% $ 2,512,404 4.2% 261 $ (52,109,102) (28,123,777) 39,000,819 $ 100,552,171 3.9% 1.8% Maricopa County Tax Revenues by Source, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) General Property Taxes Fiscal Year 1995-96 $ 234,576,660 State Sales Tax $ Vehicle License Tax 231,009,128 $ 53,481,261 Highway User Fuel Tax $ 68,763,760 Baseball Stadium Tax $ 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 2004-05 431,584,391 397,712,843 130,947,139 90,566,135 61 84.0% 72.2% 144.8% 31.7% (100)% Change 1996-2005 Rental Car Surcharge Fiscal Year 1995-96 $ Street Lighting Assessments Jail Tax 4,906,873 N/A 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 2004-05 6,024,355 119,143,064 3,430,588 1,179,408,576 22.8% 187.2% 48.4% 72.9% $ $ 2,312,428 Total Revenues $ 682,111,274 Change 1996-2005 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. 262 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 Unsecured $ Total Direct Tax Rate Total Total Secured and Unsecured Estimated Market Value $ Total Assessed Value as a Percentage of Total Estimated Market Value 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 2004-05 28,811,532 1,255,455 30,066,987 1.4748 245,835,672 12.2 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. 263 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 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 2004-05 1.2108 0.0000 0.2119 0.0521 1.4748 Overlapping Rates Central Arizona Water Other Community Fiscal State of Education Conservation Special College School Year Arizona Equalization District Districts District Districts Cities 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 2004-05 0.0000 0.4560 0.1200 1 - 3.8600 1.0372 1.0947 - 14.3477 0 - 2.4060 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. 264 Maricopa County Principal Property Tax Payers Current Year and Nine Years Ago 2004-05 1995-96 Percentage of Secondary Valuation Taxpayer Arizona Public Service $ Rank Percentage of Total County Secondary Assessed Value Valuation 887,921,756 1 2.95% Qwest/US West 439,123,801 2 1.46 $ Total County Rank Assessed Value 905,486,373 1 6.41% Southern California Edison Company 168,191,472 3 0.56 309,889,283 4 2.19 Southwest Gas Corporation 139,471,538 4 0.46 81,365,765 9 0.58 El Paso Electric Co. 137,145,470 5 0.46 331,964,585 2 2.35 92,812,134 6 0.31 18,133,055 19 0.13 Freescale Semiconductor Inc. 79,622,513 7 0.26 Public Service Company of New Mexico 78,310,568 8 0.26 159,465,370 5 1.13 AT&T/Wireless Service 74,003,744 9 0.25 33,804,283 11 0.24 Cox Communications 72,306,968 10 0.24 Safeway, Inc. 63,426,784 11 0.21 Southern California Public Power Authority 62,648,645 12 0.21 112,612,252 7 0.80 Target 61,647,778 13 0.21 Albertson’s 50,978,868 14 0.17 Wal-Mart Stores Inc. 47,692,736 15 0.16 Scottsdale Fashion Square Partnership 46,477,595 16 0.15 19,227,264 18 0.14 Wells Fargo 44,411,032 17 0.15 28,497,391 13 0.20 U.S. West Communications 315,497,353 3 2.23 Motorola, Inc. 134,744,692 6 0.95 Los Angeles Dept. of Water and Power 84,926,668 8 0.60 Evans Withycombe 34,767,977 10 0.25 Pointe South Mountain / Squaw Peak 32,919,987 12 0.23 U.S. West New Vector 26,577,321 14 0.19 Phoenix Newspapers 25,643,025 15 0.18 Shorenstein Realty 20,274,735 16 0.14 McDonnell Douglas 19,382,487 17 0.14 Metro Mobile 17,337,120 20 0.12 Intel Corporation Honeywell 43,841,029 18 0.15 Sheraton Phoenician 43,767,143 19 0.15 MCI Worldcom Network Services, Inc. 42,605,645 20 0.14 Total Principal Taxpayers $ 2,676,407,219 8.90% Countywide Secondary Valuation $ 30,066,986,670 100.00% Source: Maricopa County Treasurer’s Office. 265 2,712,516,986 19.21% $ 14,119,434,946 100.00% $ Maricopa County Property Tax Levies and Collections Last Ten Fiscal Years Collected within the Fiscal Year of the Levy Fiscal Year Ended June 30, County Tax Levied For the Fiscal Year Total Collections To Date Collections In Subsequent Years Percentage of Levy Amount 98.20% $ Percentage of Levy Amount 1995-96 $ 214,404,513 $ 210,552,034 214,950,786 100.25% 1996-97 221,234,454 217,305,000 98.22 4,398,752 4,236,037 $ 221,541,037 100.14 1997-98 239,451,425 235,367,920 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 7,332,309 390,556,662 99.42 2004-05 411,881,140 402,111,242 97.63 402,111,242 97.63 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 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 2004-05 339,882,099 0 56,334,141 15,664,900 411,881,140 Source: Maricopa County Department of Finance – Property Tax Division. 266 Maricopa County Ratios of Outstanding Debt by Type Last Ten Fiscal Years General Bonded Debt Percentage General of Assessed Obligation Property Per Bonds Value (a) Capita (b) Fiscal Year Ended June 30, 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 $ 169,515,000 154,555,000 137,215,000 119,045,000 99,910,000 79,595,000 58,370,000 39,515,000 20,165,000 0 1.20% 1.08 0.87 0.71 0.53 0.38 0.25 0.16 0.07 0.00 62.71 55.10 47.17 39.62 32.27 24.90 17.72 11.63 5.72 0.00 Other Governmental Activities Debt Fiscal Year Ended June 30, 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 Lease Revenue Bonds $ $ 104,355,000 104,355,000 91,558,756 93,569,382 101,101,501 Lease Revenue Bonds 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 Lease Trust Certificates $ 20,500,000 20,500,000 17,986,244 16,670,618 43,499 Stadium District Rev. Bonds $ 10,812,000 38,860,000 66,670,000 64,150,185 60,824,685 57,629,259 55,107,043 58,225,000 57,225,000 55,225,000 52,735,000 Business-Type Activities Certificates Installment of Purchase Participation Agreements (d) $ 6,648,911 $ 3,855,754 4,890,041 2,609,341 2,940,289 1,989,402 1,058,574 1,125,158 5,666,171 608,794 11,824,853 3,252,270 11,768,519 2,607,815 10,940,368 2,350,524 5,865,000 1,252,049 0 0 Special Assessment $ 584,652 685,597 546,798 996,939 729,448 589,431 458,977 368,573 343,102 235,458 Total Primary Government (c) $ 259,754,310 263,859,992 248,524,671 221,351,994 199,887,393 303,024,071 285,532,002 245,167,454 203,910,256 184,827,345 Certificates of Participation $27,807,099 24,853,992 23,998,943 20,667,686 17,222,210 13,575,118 9,804,315 5,808,084 0 5,500,000 Installment Purchase Agreements Capital Leases $ 12,482,894 9,596,021 17,684,054 17,633,952 18,121,511 14,225,356 19,442,376 19,414,905 10,820,105 13,507,633 $ 892,254 Percentage of Assessed Per Property Value (a) Capita (b) 1.84% $ 96.10 1.84 94.07 1.58 85.43 1.32 73.66 1.07 64.56 1.45 94.80 1.25 86.66 1.00 72.17 0.74 57.86 0.61 50.65 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. 267 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 1995-96 1996-97 1997-98 1998-99 1999-00 $ 2,117,915,242 $ 2,151,473,529 $ 2,358,524,729 154,076,269 135,502,982 117,832,943 $ 1,963,838,973 $ 2,015,970,547 $ 2,240,691,786 $ $ 2,521,952,589 $ 2,801,524,627 98,670,000 79,595,000 2,423,282,589 $ 2,721,929,627 Total net debt applicable to the limit as a percentage of debt limit Debt limit Total net general obligation debt Legal debt margin 7.27% 6.30% 5.00% 3.91% 2.84% Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2000-01 2001-02 2002-03 2003-04 2004-05 $ 3,131,657,332 $ 3,436,970,172 $ 3,668,557,092 58,205,000 57,596,083 38,792,654 $ 3,073,452,332 $ 3,379,374,089 $ 3,629,764,438 $ 4,121,698,129 $ 4,510,048,001 $ 4,510,048,001 20,165,000 $ 4,101,533,129 Total net debt applicable to the limit as a percentage of debt limit 1.86% 1.68% 1.06% 0.49% 0. % Legal Debt Margin Calculation for Fiscal Year 2004-05 Assessed Value $ 30,066,986,670 Debt limit (15% of assessed value) 4,510,048,001 Debt applicable to limit: General obligation bonds Total net debt applicable to limit Legal debt margin $ 4,510,048,001 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. 268 Maricopa County Pledged Revenue Coverage Last Ten Fiscal Years Stadium District Revenue Bonds Net Revenue Available Fiscal Gross For Debt Year Revenue Service (1) 1995-96 $ 5,239,274 $ Debt Service Requirements Principal 8,572,192 $ 1,300,000 Gross Net Coverage Coverage 3,748,910 140% 229% Interest $ 2,448,910 Total $ 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% 2004-05 6,533,419 10,320,528 2,490,000 2,873,964 5,363,964 122% 192% Special Assessment Bonds Net Revenue Available Fiscal Gross For Debt Year Revenue Service (1) 1995-96 $ 627,670 $ 122,389 Debt Service Requirements Principal $ 196,547 Interest $ 58,884 Total $ Gross Net Coverage Coverage 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% 2004-05 25,503 193,014 107,644 20,830 128,474 20% 150% 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. 269 Maricopa County Demographic and Economic Statistics Last Ten Fiscal Years Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 1995-96 1996-97 1997-98 1998-99 1999-00 County 3.30% 3.60% 2.60% 2.90% State 5.50% 4.60% 4.30% 4.50% 4.00% United States 5.30% 5.00% 4.50% 4.30% 4.00% Unemployment Rate (June 30,) 2.30% Population/Income Statistics Income $ Population Per Capita $ 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 89,771,608,000 3,096,343 $ 28,993 Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2000-01 2001-02 2002-03 2003-04 2004-05 County 3.70% 5.00% 5.30% 4.40% State 4.70% 6.00% 5.70% 5.00% 4.70% United States 4.60% 5.80% 6.30% 4.60% 5.00% Unemployment Rate (June 30,) 4.10% Population/Income Statistics Income $ Population Per Capita $ 92,913,124,000 $ 95,618,598,000 $ 98,401,099,202 $ 101,264,571,189 3,196,439 3,294,911 3,396,875 3,524,175 29,068 $ 29,020 $ 28,968 $ 28,734 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. 270 $ 104,211,370,210 3,648,545 $ 28,562 Maricopa County Principal Employers Current Year and Nine Years Ago 2005 1996 PERCENTAGE of PERCENTAGE of TOTAL COUNTY EMPLOYEES RANK EMPLOYMENT TOTAL COUNTY RANK EMPLOYMENT 60,950 1 4.39% 12,025 3 0.87 11,476 4 0.83 11,125 5 0.80 Motorola 20,000 2 1.44 Samaritan Health 11,000 6 0.79 Allied Signal 8,900 7 0.64 Pinnacle West Capital Corp 7,440 8 0.54 Intel Corp 7,280 9 0.52 US West 7,218 10 0.52 American Express 7,200 11 0.52 EMPLOYER State of Arizona 49,147 1 2.85% Wal-Mart Stores 19,510 2 1.13 Maricopa County 15,218 3 0.88 Banner Health Systems 14,447 4 0.84 City of Phoenix 13,617 5 0.79 Honeywell International Inc. 12,000 6 0.70 U.S. Postal Services 11,406 7 0.66 Wells Fargo & Company 11,000 8 0.64 Arizona State University 10,530 9 0.61 9,646 10 0.56 Basha’s Inc. Total for Principal Employers 9.66% 166,521 EMPLOYEES 164,614 11.86% Total Employment in Maricopa County As of June 30 Source: 1,387,582 1,723,600 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 using budgeted full time employees. 271 Maricopa County Budgeted Full-time Equivalent County Employees by Function/Program Last Four 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 Plans Other Business-Type Activities Solid Waste 2001-02 Fiscal Year 2002-03 2003-04 2004-05 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 24 33 321 13 54 301 42 51 63 15 21 35 140 70 26 59 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 1,153 710 30 990 1,965 15 227 1,012 66 159 34 3,214 381 19 504 478 479 479 133 283 368 115 523 140 274 369 108 535 141 282 368 40 542 144 303 461 40 557 136 98 4 136 104 4 136 104 4 147 86 5 30 3,975 30 3,683 33 3,944 32 4,050 12 14 13 12 15,976 15,790 15,920 17,559 Source: County Management and Budget Department. 272 Maricopa County Operating Indicators by Function/Program Last Four Fiscal Years Fiscal Year 2001-02 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 Linear miles of watercourses delineated Presentation/program consultation requests completed Square miles of watershed studies completed Drainage complaint investigations conducted <30 days 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 and ALTCS Plans Enrollees (Medicare and Non-Medicare) 2002-03 1,214,539 1,259,703 1,305,716 1,296,457 723,867 (1) 1,290,457 723,867 (1) 1,552,421 1,211,963 N/A N/A $ 2003-04 (5) (2) 2004-05 1,361,695 1,573,606 1,211,963 (1) 264 163 8,989 377 32,671 864,242 36,502,058 30,216 853,041 23,772,376 32,001 769,314 $ 25,349,639 28,631 891,897 $ 28,417,533 30,459 8,651 34,052 9,537 34,480 9,557 (3) (5) (5) (3) 441 220 10 269 1302 495 782 140 351,278 N/A (3) N/A (3) 355,170 22,777 71 348,040 41,238 70 375,944 34,615 49 878,683 10,119 15 896,257 9,916 17 914,182 9,782 19 205,314 305,811 112,272 222,843 294,865 125,511 251,303 297,310 132,477 145,299 (7) 155,460 $ $ 30,322 9,578 N/A N/A N/A N/A 861,454 10,287 15 N/A N/A N/A (3) (3) (3) 136,069 (7) 3,107 14,803 N/A (3) 225,224 185,320 2,645 N/A N/A N/A (4) (4) (4) $ 52 9,845 612 $ (7) 52 10,010 312 N/A (6) 26 1238 N/A (6) 154,996 2,392 16,053 2,324 15,788 2,339 16,986 201,925 201,925 201,925 217,686 211,455 3,794 257,249 232,431 3,914 286,124 222,100 3,121 3,768,536 290,492 578,879 3,716,554 58,118 887,682 N/A N/A N/A (4) (4) (4) 57 511,578 7,700 15,000 58 591,149 8,832 19,200 58 630,352 10,255 21,724 57 657,519 11,592 25,793 54,889 22,439 51,332 21,250 50,019 17,440 50,019 17,440 7,635 7,175 N/A (6) (1) General election November 2002 used for Fiscal Years 2002 and 2003. General election November 2004 used for Fiscal Years 2004 and 2005. (2) Financial data is unavailable to calculate cost per budget. (3) Information is unavailable prior to Fiscal Year 2003. (4) Data unavailable as a new computer system was installed in Fiscal Year 2003. (5) Information is unavailable prior to Fiscal Year 2004. (6) Information was not available at the time of schedule preparation. (7) Data was adjusted during Fiscal Year 2005. (8) Reporting changed in Fiscal Year 2005 for consistency with Managing For Results reporting. Note: Indicators for Highways and Streets and Other Business-Type Activities are not available. Source: Managing For Results – Strategic Plans and Performance Measures and Various County Agencies. 273 (1) N/A (7) (6) Maricopa County Capital Asset Statistics by Function/Program Last Four Fiscal Years Fiscal Year Function/Program General Government Facilities Management Number of buildings owned by Facilities Number of buildings maintained by Facilities 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 2001-02 2002-03 2003-04 N/A N/A N/A N/A N/A N/A 2004-05 353 17 118 23 2 118 23 2 118 23 2 297 23 2 8,287 4 8,873 4 9,570 6 10,062 6 5,823 4,421 25 258 5,586 4,421 27 265 5,569 4,452 28 283 5,555 4,503 28 299 3 3 3 3 2 2 2 2 2 2 2 2 2 10 2 2 11 2 2 10 2 2 10 2 9 3 119,301 1 9 3 119,307 1 9 3 119,239 1 9 3 119,261 1 1 1 1 1 11 1 11 1 11 1 11 1 6 6 6 6 Source: Various County Departments. Note: Statistics for Education and Health Plans are not available. 274 www.maricopa.gov