Fiscal Year Ended June 30, 2006 COCONINO MOHAVE APACHE NAVAJO YAVAPAI LA PAZ MARICOPA COUNTY GILA GREENLEE PINAL GRAHAM YUMA PIMA COCHISE SANTA CRUZ District 1 District 2 District 3 District 4 District 5 Comprehensive Annual Financial Report Maricopa County Phoenix, Arizona For the Fiscal Year July 1, 2005 to June 30, 2006 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, 2006 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 Fund General Fund General Fund by Department Detention Operations Fund 83 84 85 86 Notes to Budgetary Comparison Schedules i Table of Contents (Continued) For the Fiscal Year Ended June 30, 2006 Schedule of Agent Retirement Plans’ Funding Progress Page 88 89 Modified Approach for Infrastructure Assets 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 100 116 Schedules of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual Special Revenue Funds Adult Probation Fees Fund Adult Probation Grants Fund Air Quality Fees Fund Air Quality Grants Fund Animal Control Field Operations Fund Animal Control Grants Fund Animal Control License/Shelter Fund Ballpark Operations Fund Cactus League Operations Fund CDBG Housing Trust Fund Check Enforcement Program Fund Child Support Enhancement Fund Children’s Issues Education Fund Clerk of Court Fill the Gap Fund Clerk of the Court EDMS Fund Clerk of the Court Grants Fund Conciliation Court Fees Fund Correctional Health Grants Fund County Attorney Fill the Gap Fund County Attorney Grants Fund County Attorney RICO Fund Court Document Retrieval Fund Criminal Justice Enhancement Fund Del Webb Special Revenue Fund Diversion Fund Domestic Relations Mediation Education Fund Elections Grants Fund Emergency Management Fund Environmental Services Environmental Health Fund Environmental Services Grants Fund ii 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 Table of Contents (Continued) For the Fiscal Year Ended June 30, 2006 Page Special Revenue Funds (Continued) Events Center Fund Expedited Child Support Fund Flood Control Fund General Government Grants Fund Human Services Grants Fund Inmate Health Services Fund Inmate Services Fund Judicial Enhancement Fund Justice Court Judicial Enhancement Fund Justice Court Special Revenue Fund Juvenile Probation Diversion Fund Juvenile Probation Grants Fund Juvenile Probation Special Fees Fund Juvenile Restitution Fund Lake Pleasant Recreation Services Fund Law Library Fees Fund Legal Defender Fill the Gap Fund Library District Fund Library District Grants Fund Medical Examiner Grants Fund Palo Verde Fund Parks and Recreation Grants Fund Parks Donations Fund Parks Enhancement Fund Parks Souvenir Fund Parks Spur Cross Ranch Conservation Fund Planning and Development Fees Fund Probate Fees Fund Public Defender Fill the Gap Fund Public Defender Grants Fund Public Defender Training Fund Public Health Fund Public Health Fees Fund Recorder’s Surcharge Fund Research and Reporting Fund Sheriff Donations Fund Sheriff Grants Fund Sheriff Jail Enhancement Fund Sheriff RICO Fund Spousal Maintenance Enforcement Enhancement Fund Superior Court Fill the Gap Fund Transportation Grants Fund Transportation Operations Fund Trial Court Grants Fund Trial Court Special Revenue Fund Victim Compensation Interest Fund Victim Compensation Restitution Fund Victim Location Fund Waste Management Fund Waste Tire Fund iii 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 Table of Contents (Continued) For the Fiscal Year Ended June 30, 2006 Page Debt Service Funds County Improvement Debt Fund Stadium District Debt Service Fund 213 214 Capital Projects Funds County Improvement Fund Detention Capital Projects Fund Flood Control Capital Projects Fund General Fund County Improvements Fund Intergovernmental Capital Projects Fund Long Term Project Reserve Fund Transportation Capital Projects Fund Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects 215 216 217 218 219 220 221 222 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 229 230 232 234 Agency Fund Listing of Agency Fund Statement of Changes in Assets and Liabilities 239 240 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 Tax Payers 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 243 244 245 247 248 250 251 252 253 254 255 256 257 258 259 260 261 262 Maricopa County Officials BOARD OF SUPERVISORS Fulton Brock, District 1 Don Stapley, District 2 Andrew Kunasek, District 3 Max Wilson, District 4 Mary Rose Garrido Wilcox, District 5 ♦♦♦ COUNTY MANAGER David R. Smith ♦♦♦ CHIEF FINANCIAL OFFICER Tom Manos v Organizational Chart Elected/Court Elected/Court Officials Officials Maricopa County Citizens Superintendent Superintendentof of Schools Schools Constables Constables(23) (23) County CountyAttorney Attorney 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 Clerk of the Board Assessor Assessor Appointed Treasurer Treasurer Recorder Recorder S.T.A.R. Call Center Elections Internal Audit County Manager 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 October 12, 2007 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, 2006. This report consists of management’s representations concerning the finances of Maricopa County. Consequently, management assumes full responsibility of the completeness and reliability of all the information presented in this report. To provide a reasonable basis for making these representations, management of Maricopa County has established a comprehensive internal control framework that is designed both to protect the government’s asset from loss, theft, or misuse and to compile sufficient reliable information for preparation of Maricopa County’s financial statements in conformity to generally accepted accounting principles (GAAP). Because the cost of internal control should not outweigh their benefits, Maricopa County’s comprehensive framework of internal controls has been designed to provide reasonable rather than absolute assurance that the financial statements will be free from material misstatement. As management, we assert that, to the best of our knowledge and belief, this financial report is complete and reliable in all material respects. The goal of the independent audit was to provide reasonable assurance that the financial statements of Maricopa County for the fiscal year ended June 30, 2006, 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 auditors expressed a modified opinion on the Maricopa County financial statements for the fiscal year ended June 30, 2006. 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 will be available in Maricopa County’s separately issued Single Audit Report to be issued at a future date. 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 will be available in Maricopa County’s separately issued Expenditure Limitation Report to be issued at a future date. 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 2,228 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: 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 Management • 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/. Factors Affecting Financial Condition Maricopa County currently enjoys a favorable economic environment with an unemployment rate of 3.3 percent at July 2007, compared to a statewide unemployment rate of 3.7 percent. According to Arizona Workforce Informer, at July 1, 2006, Maricopa County contained 60.15 percent of the states total population (www.workforce.az.gov). Maricopa County has a variety of industries within its boundaries with the major industries being service retail trade and manufacturing. Some of the major employers located in the county include Wal-Mart, Banner Health Systems, Honeywell International, and various local governments. Phoenix is the capital of Arizona as well as the county seat for Maricopa County. viii Because of a favorable climate and mild weather conditions, tourism is also a large factor in the strength of the local economy. Major sporting events can be held year around and many people come to the area during the winter months. Maricopa County is the home to teams from major league professional sports, which include the Arizona Cardinals of the National Football League (NFL), Phoenix Suns of the National Basketball Association (NBA), Arizona Diamondbacks of the Major League Baseball (MLB) and the Phoenix Coyotes of the National Hockey League (NHL). Maricopa County also hosts nine major league baseball teams for the annual spring training Cactus League. Maricopa County is also a host to other major sporting events such as the FBR Open, formerly known as the Phoenix Open, golf tournament, and Phoenix International Raceway, which at this time hosts two major NASCAR events each year. Cities within Maricopa County also host college bowl games such as the Fiesta Bowl, Insight Bowl, and the BCS National Championship Game. In January of 2008, the city of Glendale will also host the NFL Super Bowl. Awards and Acknowledgements The Government Finance Officers Association of the United States and Canada (GFOA) awards a Certificate of Achievement for Excellence in Financial Reporting to governments to recognize and encourage excellence in financial reporting. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized comprehensive annual financial report on a timely basis. Maricopa County received this award for fifteen consecutive years for fiscal years ending 1989 through 2003. As a result of a disclaimer of opinion on two of the County’s major enterprise funds (Maricopa Health Plan Fund and the ALTCS Fund) and on the government-wide business type activities, the County was not eligible for the GFOA Certificate of Achievement for Excellence for fiscal years 2004, 2005, or 2006 due to delays in obtaining the financial reports from related entities. The County will reapply to the GFOA for consideration of the Certificate for fiscal year ending 2007 as the major enterprise funds have either been closed or transferred and there will no longer be delays in receiving their financial statements. The preparation of this report could not be accomplished without the efficient and dedicated services of the Department of Finance staff, the assistance of administrative personnel in the various departments, and the competent service of the Office of the Auditor General. We appreciate all of those who assisted in and contributed to the preparation of this report. We also wish to express our sincere appreciation to the Board of Supervisors for their support in planning and overseeing the financial operations of the County in a responsible and progressive manner. Respectfully submitted, David R. Smith County Manager Tom Manos Chief Financial Officer ix 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 Note 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 Internal Service Funds Agency Fund STATE OF ARIZONA OFFICE OF THE DEBRA K. DAVENPORT, CPA AUDITOR GENERAL WILLIAM THOMSON DEPUTY AUDITOR GENERAL AUDITOR GENERAL Independent Auditors’ Report Members of the Arizona State Legislature The Board of Supervisors of Maricopa County, Arizona We have audited the accompanying financial statements of the governmental activities, business-type activities, the discretely presented component units, each major fund, and aggregate remaining fund information of Maricopa County as of and for the year ended June 30, 2006, which collectively comprise the County’s basic financial statements as listed in the table of contents. These financial statements are the responsibility of the County’s management. Our responsibility is to express opinions on these financial statements based on our audit. We did not audit the financial statements of two departments and the discretely presented component units, which account for the following percentages of the assets, liabilities, revenues and other sources, and expenses or expenditures and other uses of the opinion units affected: Opinion Unit/Department Assets Liabilities Revenues/ Sources Expenses/ Expenditures/Uses Government-wide Statements Governmental activities: Stadium District Accommodation Schools Discretely presented component units: Housing Authority Sports Commission 9.33% 0.40% 12.99% 0.77% 0.69% 0.78% 0.81% 0.87% 99.50% 0.50% 99.80% 0.20% 97.20% 2.80% 97.50% 2.50% Fund Statements Aggregate remaining fund information: Stadium District Accommodation Schools 0.99% 0.17% 0.09% 2.25% 0.13% 0.11% 0.14% 0.10% Those financial statements were audited by other auditors whose reports thereon have been furnished to us, and our opinions, insofar as they relate to the amounts included for those entities, are based solely on the reports of the other auditors. Except as discussed in the following paragraph, we conducted our audit in accordance with U.S. generally accepted auditing standards and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit and the reports of the other auditors provide a reasonable basis for our opinions. 2910 NORTH 44 th STREET • SUITE 410 • PHOENIX, ARIZONA 85018 • (602) 553-0333 • FAX (602) 553-0051 The Maricopa Managed Care Systems had inadequate internal controls for processing medical claims and accounting for prepayments made to medical providers. As a result, we could not rely on the Systems’ financial reporting system to generate reliable information for medical expenses, prepaid expenses, and medical claims payable. Further, the Systems’ records did not permit us to apply auditing procedures sufficient to determine whether the amounts reported for medical expenses, prepaid expenses, and medical claims payable in the financial statements of the Maricopa Health Plan Fund, the Arizona Long-Term Care System (ALTCS) Fund, and businesstype activities were accurate. In addition, these control deficiencies affected the amounts reported in those funds and business-type activities for charges for services revenues, accounts receivable, and due to other funds. Since the Maricopa Managed Care Systems did not maintain adequate internal controls for processing medical claims and accounting for prepayments made to medical providers, and we were not able to apply auditing procedures to satisfy ourselves as to the amounts reported for medical expenses, prepaids, and medical claims payable, the scope of our work was not sufficient to enable us to express, and we do not express, an opinion on the financial statements of the Maricopa Health Plan Fund, the ALTCS Fund, and business-type activities as of and for the year ended June 30, 2006. In addition, in our opinion, based on our audit and the reports of the other auditors, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the discretely presented component units, General Fund, Detention Operations Fund, County Improvement Debt Fund, Solid Waste Management Fund, and aggregate remaining fund information of Maricopa County as of June 30, 2006, and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended in conformity with U.S. generally accepted accounting principles. As described in Notes 2 and 3, beginning in fiscal year 2006, the Maricopa County Sports Commission is reported as a discretely presented component unit. In prior years, the Commission was part of the primary government and was reported as the Sports Authority Fund, a special revenue nonmajor governmental fund. This change constitutes a change in the County’s reporting entity. The Management’s Discussion and Analysis on pages 3 through 17, the Budgetary Comparison Schedules on pages 83 through 87, the Schedule of Agent Retirement Plans’ Funding Progress on page 88, and the Infrastructure Assets information on page 89 are not a required part of the basic financial statements, but are supplementary information required by the Governmental Accounting Standards Board. We have applied certain limited procedures, which consisted principally of inquiries of management regarding the methods of measurement and presentation of the required supplementary information. However, we did not audit the information and express no opinion on it. Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the County’s basic financial statements. The introductory section, combining and individual fund statements and schedules, and statistical section listed in the table of contents are presented for purposes of additional analysis and are not required parts of the basic financial statements. The combining and individual fund statements and schedules have been subjected to the auditing procedures applied by us and the other auditors in the audit of the basic financial statements and, in our opinion, based on our audit and the reports of the other auditors, are fairly stated in all material respects in relation to the basic financial statements taken as a whole. The introductory and statistical sections have not been subjected to the auditing procedures applied in our audit of the basic financial statements and, accordingly, we express no opinion on them. In accordance with Government Auditing Standards, we will also issue our report on our consideration of the County’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters at a future date. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards and should be considered in assessing the results of our audit. Debbie Davenport Auditor General October 12, 2007 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 $3,347.1 million (net assets), an increase of 10.2 percent from the prior year. Of this amount, $556.7 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 $2,445.2 (73.1%) Restricted - $345.2 (10.3%) Unrestricted $556.7 (16.6%) • The County’s total net assets as reported in the Statement of Activities increased by $344.8 million, a 257.3 percent increase over the prior period’s increase in net assets. Of this amount, $316.0 million is attributed to governmental activities and $28.8 million is attributable to business-type activities. The significant increase from fiscal year 2005 is partly attributable to the transition of the Medical Center to the Maricopa County Special Health Care District, a separate legal entity, in fiscal year 2005. The transition resulted in a $108.7 million loss on the closure of the Medical Center (business-type activities) during fiscal year 2005, of which there was no related activity in fiscal year 2006. Net Assets by Activity (in millions) $4,000 $3,500 2006 2005 $3,000 $2,500 $2,000 $1,500 $1,000 2006 $500 2005 $Governmental Activities Business-type Activities $(500) • The County’s governmental funds reported combined fund balances of $981.6 million, an increase in fund balance of $167.2 million over the prior fiscal year. Approximately 95.1 percent of the combined fund balances or $933.6 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 26.1 percent to $539.6 million; approximately 66.1 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 ($3.3) million, of which total unrestricted net assets were ($4.6) million. Overview of the Financial Statements This discussion and analysis is intended to serve as an introduction to the County’s basic financial statements. The County’s basic financial statements consist of three components: 1) Government-wide financial statements, 2) Fund financial statements, and 3) Notes to the basic financial statements. Required Supplementary Information is included in addition to the basic financial statements. The Combining and Individual Fund Statements and Schedules – Nonmajor Funds begin on page 100. Government-wide Financial Statements are designed to provide readers with a broad overview of the County’s finances, in a manner similar to private-sector businesses. • The Statement of Net Assets presents information on all County assets and liabilities, with the difference between the two reported as net assets. Over time, increases or decreases in net assets may serve as a useful indicator of whether the financial position of the County is improving or deteriorating. • The Statement of Activities presents information showing how net assets changed during the most recent fiscal year. All changes in net assets are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will result in cash flows in future fiscal periods (e.g., uncollected taxes and earned but unused vacation leave). 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 Arizona Health Care Cost Containment System (AHCCCS)—Arizona Long-Term Care System (ALTCS) program, AHCCCS— Acute Health Care program, Non-AHCCCS Health Care program (Senior Select), and Solid Waste Management. 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 and Maricopa County Sports Commission are reported as a discretely presented component units. 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, Detention Operations, and County Improvement Debt 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 Arizona Health Care Cost Containment System (AHCCCS)— Acute Health Care program, AHCCCS—Arizona Long-Term Care System (ALTCS) program, and the Non-AHCCCS Health Care program (Senior Select). The County also reports the operations of Solid Waste Management as an enterprise fund. Internal service funds are an accounting device used to accumulate and allocate costs internally among the County’s various functions. The County uses internal service funds to account for its equipment services, telecommunications, reprographics, risk management, employee benefits trust, and sheriff warehouse functions. Because these services predominantly benefit governmental rather than business-type functions, they have been included within governmental activities in the government-wide financial statements. Fund financial statements for the proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. The AHCCCS—ALTCS program (ALTCS Fund), the AHCCCS—Acute Health Care program (Maricopa Health Plan Fund), and Solid Waste Management Fund operations are considered to be major funds of the County. 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 229 of this report. The proprietary fund financial statements can be found on pages 32-37 of this report. 5 Management’s Discussion and Analysis (Continued) • 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 Detention 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 fifth 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, 2006, as compared to the prior year. Statement of Net Assets As of June 30 (in millions) Governmental Activities 2006 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 $ 1,226.9 2,546.2 3,773.1 Business-type Activities 2005* $ 1,082.7 2,412.4 3,495.1 180.9 241.8 422.7 199.0 261.7 460.7 2,443.9 345.2 561.3 3,350.4 2,316.3 260.5 457.6 3,034.4 $ 2006 $ 26.8 1.4 28.2 13.1 18.4 31.5 1.3 0.0 (4.6) (3.3) Total 2005* $ 2006 2005* 55.5 1.5 57.0 $ 1,253.7 2,547.6 3,801.3 $ 1,138.2 2,413.9 3,552.1 71.9 17.2 89.1 194.0 260.2 454.2 270.9 278.9 549.8 1.4 0.0 (33.5) $ (32.1) 2,445.2 345.2 556.7 $ 3,347.1 2,317.7 260.5 424.1 $ 3,002.3 % Chg P/Y 10.2% 5.5 7.0 (28.4) (6.7) (17.4) 5.5 32.5 31.3 11.5 * The business-type activities and total columns’ total net assets and long-term liabilities amount for fiscal year 2005 were restated for a change in the liability for closure and postclosure cost in the amount of $7.3 million. This restatement was a result of the County reassessing the cost for closure and postclosure costs with the assistance of a consultant. In addition, the governmental activities and total columns’ total net assets amount for fiscal year 2005 were restated by ($28.7) million for various adjustments related to the prior period. See Note 3 – Beginning Balances Restated for additional information. The largest increase in the County’s Statement of Net Assets was in current and other assets, which increased $115.5 million or 10.2 percent from the prior fiscal year. This is due to an increase in cash of $113.8 million, which is comprised of $127.1 and ($13.3) million in governmental and business-type 6 Management’s Discussion and Analysis (Continued) activities, respectively. The increase in governmental activities cash is due to an increase in revenues of $200.9 million, which exceeded the increase in expenditures of $104.3 million. See page 9 for additional information. The decrease in business-type activities cash is due to the closure or transfer of the health plans. See pages 9 and 12 for additional information. The other large fluctuation on the Statement of Net Assets was in current liabilities, with a decrease of $76.9 million or 28.4 percent from the prior fiscal year, of which $58.8 million is attributed to business-type activities. The decrease in business-type activities current liabilities is due to a decrease in medical claims payable of $51.8 million from the prior fiscal year and is a result of the closure or transfer of the health plans. See pages 9 and 12 for additional information. At June 30, 2006, the County’s combined governmental activities and business-type activities assets exceeded liabilities by approximately $3.3 billion. The governmental activities comprise 91.6 percent of the increase from the prior year, with an increase in net assets as reported in the statement of activities of $316.0 million. The increase for governmental activities is attributed to the increase in the County’s capital assets and tax revenue, as discussed below. The increase in business-type activities net assets of $28.8 million from the prior year is mainly attributed to transfers in from the General Fund to cover deficits in the Maricopa Health Plan, ALTCS and Non-AHCCCS Health Plans Funds. By far, the largest portion - $2.4 billion or 73.1 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 accumulated depreciation and 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 $127.6 million due to the County’s investment in its capital assets, particularly the construction related to the justice courts and administrative facilities, for which a total of $46.0 million was expended and included $32.6 million in the County Improvement Fund, $7.3 million in the General Fund County Improvement Fund, $5.6 million in the Detention Capital Projects Fund, and $.5 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 $58.0 and $83.4 million, respectively. Further, the County received $29.0 million in Transportation infrastructure capital asset donations that were received from other jurisdictions. The business-type activities invested in capital assets did not significantly change from the prior fiscal year and any changes mainly represent increases in accumulated depreciation. The second component of the County’s total net assets, $345.2 million or approximately 10.3 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 $84.7 million. The increase in governmental activities restricted net assets is mainly attributable to the public safety function, with a fund balance increase of $82.5 million from the prior fiscal year. The net asset increase in this function is attributable to an increase in sales taxes for detention operations of $18.7 million and a decrease in the expenditures and transfers out related to the detention facilities construction of $9.9 and $32.6 million, respectively. The final component consists of unrestricted net assets, $556.7 million or 16.6 percent, and may be used to meet the County’s ongoing obligations. The governmental activities comprise 100.8 percent of this component. Unrestricted net assets for governmental activities increased from fiscal year 2005 by $103.7 million, or 22.7 percent. The increase in unrestricted net assets can be attributed to an increase in tax revenue recorded in the General Fund. Unrestricted property tax, sales tax and vehicle license tax revenues increased $37.7, $60.1, and $15.4 million, respectively, from the prior fiscal year. 7 Management’s Discussion and Analysis (Continued) Changes in Net Assets As discussed previously, the County’s total net assets of $3.3 billion increased by $344.8 million as reported in the Statement of Activities. Of this amount, $316.0 million, or 91.6 percent, is attributable to governmental activities, and $28.8 million is related to business-type activities. A discussion of each is presented below. The following table reflects the condensed Statement of Activities of the County for the fiscal year 2006 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, 2006 and June 30, 2005 (in millions) Governmental Activities 2006 2005* 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** AHCCCS–ALTCS program AHCCCS–Acute Health Care program Non-AHCCCS Health Care program Solid Waste Management Medical Center 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 $ 203.7 393.4 42.5 $ 167.4 382.4 39.0 1,207.5 44.9 1,892.0 1,075.1 27.2 1,691.1 163.0 782.1 433.8 131.1 157.8 685.8 439.8 122.3 Business-type Activities 2006 2005* $ 84.0 $ 518.3 2.5 .1 0.5 84.5 1.0 521.9 56.7 40.0 99.1 252.2 132.3 29.6 0.3 169.0 583.4 2.4 1,510.0 1,405.7 382.0 (22.6) 285.4 (18.7) (14.6) (61.5) (43.4) 316.0 3,034.4 $3,350.4 (37.0) 229.7 2,804.7 $3,034.4 43.4 28.8 (32.1) $ (3.3) (108.7) 37.0 (133.2) 101.1 $ (32.1) Total 2006 $ 287.7 393.4 42.5 2005* $ 685.7 384.9 39.1 % Chg P/Y (58.0)% 2.2 8.7 1,207.5 45.4 1,976.5 1,075.1 28.2 2,213.0 12.3 61.0 (10.7) 163.0 782.1 433.8 131.1 56.7 40.0 157.8 685.8 439.8 122.3 252.2 132.3 29.6 0.3 169.0 1,989.1 3.3 14.0 (1.4) 7.2 (77.5) (69.7) (100.0) 700.0 (100.0) (19.1) 2.4 1,609.1 367.4 (22.6) 344.8 3,002.3 $ 3,347.1 223.9 (18.7) 64.1 20.9 (108.7) (100.0) 96.5 2,905.8 $ 3,002.3 257.3 3.3 11.5 * The business-type activities and total columns’ total net asset amount for fiscal year 2005 were restated for a change in the liability for closure and postclosure cost in the amount of $7.3 million. This restatement was a result of the County reassessing the cost for closure and postclosure costs with the assistance of a consultant. In addition, the governmental activities and total columns’ total net assets amount for fiscal year 2005 were restated by ($28.7) million for various adjustments related to the prior period. See Note 3 – Beginning Balances Restated for additional information. **The functions of highways and streets, culture and recreation, and education along with interest on long-term debt are shown in the condensed statement of activities above as other expenses. Governmental Activities As previously mentioned, governmental activities contributed $316.0 million, or 91.6 percent, of the $344.8 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 revenues. 8 Management’s Discussion and Analysis (Continued) 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 $127.0 million. As a result, net capital assets increased by this amount, resulting in a net positive change to net assets. In the government-wide statement of activities, the significant revenues reported for governmental activities included County-levied taxes, general sales taxes, vehicle license taxes and operating grants. Taxes and operating grants represent 63.8 and 20.8 percent, respectively, of total governmental activities revenues for fiscal year 2006. Tax revenues increased by $132.4 million from sales taxes of $60.1 million, property taxes levied of $37.7 million, other County-levied taxes of $19.2 million, and vehicle license taxes of $15.4 million. The increase in tax revenues can be attributed to a strong economy, increasing County population, and higher property values. Operating grants remained stable, increasing only $11.0 million. 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 $200.9 million, or 11.9 percent, over the prior period, this increase was offset by an increase in expenses. Governmental activities expenses increased by $104.3 million, or 7.4 percent, over the prior period. The largest increase is from the public safety function of $96.3 million and includes increases in the General Fund of $64.8 million and Detention Operations Fund of $41.1 million. The increases in both the General and Detention Operations funds were mainly due to an increase in personnel and payroll expenses. These increases can be attributed to an increase in staffing for the justice departments and the various detention and justice facilities, which completed construction in fiscal year 2005 and were fully operational in fiscal year 2006. In addition, County-wide market rate salary adjustments were implemented during fiscal year 2006. Business-Type Activities As discussed earlier, the business-type activities of the County include Solid Waste Management and the Maricopa Managed Care Systems, which is comprised of Arizona Health Care Cost Containment System (AHCCCS) — Acute Health Care program, AHCCCS — Arizona Long-Term Care System (ALTCS) program, and the Non-AHCCCS Health Care program (Senior Select). Business-type activities total net assets increased by $28.8 million from the prior fiscal year, for total net assets at June 30, 2006, of ($3.3) million. Solid Waste Management comprised ($1.6) million or (5.6) percent of the change in net assets for fiscal year 2006. Solid Waste Management realized an increase in the Hassyampa Superfund Site Liability of $1.8 million during fiscal year 2006, which contributed to the decrease in net assets of ($1.6) million. Besides the increase in Superfund Liability, Solid Waste Management activities during fiscal year 2006 remained consistent with the prior year. The Maricopa Managed Care Systems (MMCS) comprised $30.4 million or 105.6 percent of the total increase in business-type activities. The increase in MMCS net assets is primarily from General Fund subsidies to the three health care programs, which totaled $43.4 million. Overall, MMCS revenues and expenditures decreased 78.2 and 84.1 percent, respectively, from fiscal year 2005 due to the closure or transfer of the various health care programs. On September 30, 2005, the AHCCCS – Acute Health Care program was transferred to the Maricopa County Special Health Care District, a separate legal entity, and the AHCCCS — ALTCS program was discontinued. Further, the Senior Select program was closed during the prior fiscal year. These programs also experienced decreasing membership prior to their actual discontinuations. The primary revenue source for business-type activities is charges for services, which comprise $84.0 million or 99.4 percent of total business-type operating revenues. This component consists mainly of patient service revenues and charges for services revenues from the Maricopa Managed Care Systems, 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 9 Management’s Discussion and Analysis (Continued) business-type activities consists of medical and personal services costs that account for $87.8 million of the $97.0 million in operating expenses. As noted above, Maricopa Managed Care Systems revenues and expenditures decreased 78.2 percent and 84.1 percent, respectively, from fiscal year 2005 due to the closure or transfer of the various health care programs. 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, 2006, the governmental funds reported combined fund balances of $981.6 million and an increase in fund balance of $167.2 million over the prior fiscal year. Approximately 95.1 percent of the combined fund balances or $933.6 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 $539.6 million, while total fund balance reached $565.2 million. This represents an increase in fund balance from the prior year of $134.0 million, or 31.1 percent. This increase can be attributed to increases in tax revenue of $27.4 million and intergovernmental revenue of $71.0 million. These increases were offset by increases in public safety expenditures of $45.6 million and operating transfers out of $20.6 million. See pages 11 and 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 66.1 percent of the total fiscal year 2006 General Fund expenditures, while total fund balance represents 69.3 percent of that same amount. These ratios indicate a strong fund balance position in comparison to expenditures. The Detention Operations Fund is a special revenue fund that was established under the authority of propositions 400 and 401, which were passed in the General Election of November 3, 1998. These propositions authorized a temporary 1/5 of one-cent sales tax to be used for the construction and operation of adult and juvenile detention facilities. On November 5, 2002, the voters approved the extension of the 1/5 of one-cent sales tax in the General Election to be used for jail facility operations. The extension begins in the month following the expiration of the original tax and may continue for not more than twenty years after the date the tax collection begins. The Detention 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 Detention Operations Fund transfers monies to the Detention Capital Projects Fund for the construction of the jail facilities. At the end of the current fiscal year, total fund balance of the Detention Operations Fund was $123.8 million, of which more than 99 percent is unreserved. This was an increase in total fund balance of $47.0 million, or 61.3 percent, from the prior fiscal year. Although the fund had more expenditures than revenues by $83.8 million, the increase in fund balance can be partially attributed to net transfers of $130.7 million, which was a net increase of $45.2 million over the prior year. Transfers from the General Fund for maintenance of effort were $145.7 million while transfers to the Detention Capital Projects Fund were $15.0 million. The amount to be transferred to the Detention Capital Projects Fund for any given year is determined through the budget planning process. 10 Management’s Discussion and Analysis (Continued) The County Improvement Debt 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 County Improvement Debt Fund was $18.8 million, while total fund balance was $27.2 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) 2006 Revenues by Source Taxes Intergovernmental Other Totals Amount $ 601.2 1,025.7 226.0 $ 1,852.9 2005 Percent of Total 33% 55 12 100% Percent of Total 34% 55 11 100% Amount $ 556.8 904.2 191.6 $ 1,652.6 Increase/(Decrease) % Chg Amount P/Y $ 44.4 8.0% 121.5 13.4 34.4 18.0 $ 200.3 12.1 During fiscal year 2006, the County experienced an increase in governmental revenues from the previous year of $200.3 million, a 12.1 percent increase. This increase is attributable to increases in taxes revenue and intergovernmental revenue of $44.4 and $121.5 million, respectively. Intergovernmental and taxes revenues comprises 88 percent of total governmental funds revenue. Tax revenues increased primarily from property tax revenue of $34.4 million. Although the County decreased their property tax levy rate, an increase in the assessed value and new housing resulted in the additional revenue. The intergovernmental revenues increase was mainly attributable to an increase in the sales tax apportionment of $60.1 million and vehicle license tax apportionment of $15.4 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) 2006 Expenditures by Function General government Public safety Health, welfare and sanitation Capital outlay Other Totals Amount 131.0 733.2 430.6 232.9 118.7 $ 1,646.4 $ 2005 Percent of Total 8% 45 26 14 7 100% Amount 130.1 636.9 437.8 205.9 113.3 $ 1,524.0 $ Percent of Total 9% 41 29 14 7 100% Increase/(Decrease) % Chg Amount P/Y $ .9 .7% 96.3 15.1 (7.2) (1.6) 27.0 13.1 5.4 4.8 $ 122.4 8.0 Expenditures from governmental fund types for fiscal year 2006 increased by $122.4 million, an 8.0 percent increase from the prior year. The most significant changes were in public safety and capital outlay expenditures with increases of $96.3 and $27.0 million, respectively. The increase in public safety was attributed to $86.6 million in additional payroll and personnel expenditures. The increase in personnel and payroll expenditures is partially attributed to the County-wide market rate salary adjustments implemented during fiscal year 2006. In addition, the increase in personnel and payroll can be attributed 11 Management’s Discussion and Analysis (Continued) to an increase in staffing for the justice departments and the various detention and justice facilities, which completed construction in fiscal year 2005 and were fully operational in fiscal year 2006. The increase in capital outlay expenditures is attributed to increases in transportation and flood control capital projects of $32.7 and $15.3 million, respectively, during fiscal year 2006. These increases were offset by decreases in capital outlay expenditures in detention and general county improvement capital outlay expenditures of $9.9 and $ 12.5 million, respectively. 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, 2006, the proprietary funds reported combined net assets of ($3.3) million and an increase in fund balance of $28.8 million over the prior fiscal year. Of the total fund balance, $1.3 million is invested in capital assets, net of related debt, $7.6 thousand is restricted for debt service, and the remainder is unrestricted. The following funds are the County’s major enterprise funds: The Arizona Long-Term Care System (ALTCS) Fund accounts for the AHCCCS—Arizona Long-Term Care System (ALTCS) program, which 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). On September 30, 2005, the AHCCCS—ALTCS program was discontinued. As a result, the ALTCS Fund had a $166.9 million or 75.6 percent decrease in operating revenues and a $192.4 million or 77.7 percent decrease in operating expenses from the prior year. Operating revenues consist of charges for patient services of $53.8 million and operating expenses consisted primarily of medical and personal services of $50.9 and $2.7 million, respectively. The ALTCS Fund had a $1.4 million operating loss for fiscal year 2006. During the fiscal year, the County General Fund transferred $4.8 million as a subsidy. The Fund’s fiscal year-end net assets balance increased $2.0 million to ($4.8) million, this increase can be attributed to the General Fund subsidy of $4.8 million. 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. On September 30, 2005, the AHCCCS—Acute Health Care program was transferred to the Maricopa County Special Health Care District, a separate legal entity. As a result, operating revenues decreased by $87.8 million or 74.7 percent and operating expenses decreased $90.1 million or 69.6 percent. Operating revenues consist entirely of charges for services revenue of $29.8 million and operating expenses consist mainly of personal services of $4.2 million and medical services of $29.5 million. The Maricopa Health Plan Fund had a net operating loss of $9.6 million. During fiscal year 2006, the County General Fund transferred $35.2 million as a subsidy. The Fund’s fiscal year-end net assets balance increased $24.9 million to $4.2 million from the prior fiscal year-end. This increase in net assets is attributable to the General Fund subsidy of $35.2 million. The Solid Waste Management Fund accounts for the activities that assist the cities and towns, businesses, and citizens in continuously improving regional waste management systems. This includes managing the County’s landfills and transfer stations, which provide solid waste transfer, disposal and recycling services to County residents. The Solid Waste Management Fund also accounts for the County’s environmental liabilities for closure and postclosure care costs associated with its landfills. The beginning net assets balance for Solid Waste Management was restated to ($1.2) million for a change in the liability for closure and postclosure cost in the amount of ($7.3) million. This restatement was a result of the County reassessing the cost for closure and postclosure costs with the assistance of a consultant. Operating revenues consist primarily of charges for services to citizens and municipalities for solid waste management services of $360.9 thousand. Operating expenses for the fiscal year consisted primarily of the increase in the Hassyampa Superfund Site Liability of $1.8 million. Besides the increase in 12 Management’s Discussion and Analysis (Continued) Superfund Liability, Solid Waste Management activities during the fiscal year remained consistent with the prior fiscal year. The fund’s fiscal year-end net assets balance decreased $1.6 million to ($2.8) million at June 30, 2006. This decrease can be attributed to an increase in the Hassyampa Superfund Site Liability during fiscal year 2006. The following table shows actual revenues, expenses and results of operations for the current fiscal year for all proprietary funds (enterprise funds): Statement of Revenues, Expenses and Changes in Fund Net Assets Proprietary Funds (in millions) 2006 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 $ 84.0 97.0 (13.0) (1.6) (14.6) 43.4 28.8 $ Increase/(Decrease) Amount % Chg P/Y 2005 $ $ 518.3 574.9 (56.6) (4.9) (61.5) (108.7) 37.0 (133.2) $ $ (434.3) (477.9) 43.6 3.3 46.9 108.7 6.4 162.0 (83.8)% (83.1) (77.0) (67.3) (76.3) (100.0) 17.3 (121.6) At June 30, 2006, revenues and expenses for business-type activities accounted for 4.3 and 5.7 percent of the County’s total fund-based revenues and expenses, respectively. The Maricopa Managed Care Systems (MMCS) comprised 99.1 and 97.5 percent of the proprietary funds operating revenues and expenses, respectively. The increase in net assets of $28.8 million is primarily from General Fund subsidies of the three health care programs operated by MMCS, which totaled $43.4 million. Overall, revenues and expenses decreased significantly from fiscal year 2005 due to the closure of the health care programs. On September 30, 2005, the Arizona Health Care Cost Containment System (AHCCCS) – Acute Health Care program was transferred to the Maricopa County Special Health Care District, a separate legal entity, and the AHCCCS—Arizona Long-Term Care System (ALTCS) program was discontinued. These programs also experienced decreasing membership prior to their actual discontinuations. 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 $18.3 million and a decrease in expenditures of $ .9 million. The revenue increase was a result of a $16.2 million increase in budgeted intergovernmental revenue for disproportionate share revenue. Significant favorable expenditure variances, as compared to the budget, were incurred in the General Government Department (general government function) of $141.7 million. The savings were a result of spending from contingency and reserve funds that was less than anticipated. No variances between the budget to actual amounts were significant enough to affect the County’s ability to provide future services. Capital Assets and Long-Term Liabilities Capital Assets The County’s capital assets balance for its governmental and business-type activities as of June 30, 2006, were $2.5 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 $133.7 million, or 5.5 percent, from the prior year. Of this amount, $133.8 million, or 100.1 percent, is attributable to governmental activities, and ($.1) million is related to business-type activities. 13 Management’s Discussion and Analysis (Continued) 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 2006 2005* $ 496.7 $ 483.8 553.0 507.3 Business-type Activities 2006 2005 $ 1.2 $ 1.2 0.0 0.0 Total $ 2006 497.9 553.0 $ 2005* 485.0 507.3 % Chg P/Y 2.7% 9.0 1,046.1 1,021.7 0.0 0.0 1,046.1 1,021.7 2.4 71.9 207.3 67.0 156.8 0.2 0.0 0.3 0.0 72.1 207.3 67.3 156.8 7.1 32.2 171.2 $ 2,546.2 175.8 $ 2,412.4 0.0 1.5 171.2 $ 2,547.6 175.8 $ 2,413.9 $ 0.0 1.4 $ (2.6) 5.5 * The governmental activities and total columns’ capital asset amounts for fiscal year 2005 were restated for various prior period corrections. See Note 3 – Beginning Balances Restated for additional information. The most significant impact on the increase in governmental activities capital assets for the fiscal year ended June 30, 2006, was in the increase in infrastructure-related construction in progress of $54.4 million and Transportation Department completed infrastructure assets of $17.8 million. The County reports infrastructure assets, which consist of the Flood Control District and Transportation Department infrastructure, in the government-wide financial statements in accordance with GASB Statement No. 34. Additional information regarding 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 Flood Control District infrastructure assets consist of drainage systems, dams, flood channels and canals. Flood Control infrastructure is reported using the depreciation approach and the County uses the straight-line method of depreciation on these assets. At June 30, 2006, Flood Control District infrastructure-related assets consisted of land, infrastructure and construction in progress of $260.9, $171.2, and $115.8 million, respectively, net of any related accumulated depreciation. 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 2006, the condition level of both systems was within the established condition level. Further, for the roadway system, there were no significant differences of the actual maintenance/preservation costs from the estimated costs. Actual maintenance/preservation costs of the bridge system were $154,902 below estimated costs. See Required Supplementary Information on page 89 for additional information. At June 30, 2006, Transportation Department infrastructure-related assets consisted of land, infrastructure and construction in progress of $133.0, $552.6, and $47.9 million, respectively. Capital assets for business-type activities decreased $.1 million during the fiscal year, which is attributed to the annual depreciation of the Solid Waste Management assets. Due to the closure of the three health care programs during fiscal year 2006, assets associated with these programs were deleted; however, as these assets were fully depreciated, these disposals did not affect the net capital asset balance at June 30, 2006. 14 Management’s Discussion and Analysis (Continued) Long-Term Liabilities At June 30, 2006, the County had total long-term liabilities (noncurrent liabilities due within one year and more than one year) of $260.2 million, which represents an $18.5 million decrease from the restated prior year balance of $278.7 million. The County restated the beginning balance for a ` in the liability for closure and postclosure cost in the amount of $7.3 million. This restatement was a result of the County reassessing the cost for closure and postclosure costs with the assistance of a consultant. See Note 3 – Beginning Balances Restated for additional information. The majority of the $18.5 million decrease is attributable to the defeasance of Lease Revenue Bonds, Series 2001, of $10.6 million and debt service payments made during fiscal year 2006 for Lease Revenue Bonds ($9.3 million), Lease Trust Certificates ($4.6 million), Stadium District revenue bonds ($2.7 million), and Stadium District contractual obligations ($2 million). The largest components of long-term liabilities at June 30, 2006, consisted of Lease Revenue Bonds - $81.2 million, Stadium District revenue bonds - $50.1 million, and reported claims and incurred but not reported claims - $59.3 million. Maricopa County recently received an upgrade on all of its bond ratings from Moody’s Investor Services, Fitch Ratings, and Standard & Poor’s. On April 26, 2007, Moody’s Investor Services upgraded Maricopa County’s lease revenue bonds and certificate of participation ratings to Aa2 and Aa3, respectively. On April 25, 2007, Fitch Ratings rated Maricopa County’s lease revenue bonds and certificates of participation at AA+. In addition, Moody’s Investor Services and Fitch Ratings assigned an implied (issuer credit rating) general obligation rating of Aa1 and AAA, respectively. On August 21, 2007, Standard & Poor’s rated Maricopa County’s lease revenue bonds at AA+. Standard & Poor’s also gave Maricopa County an implied (issuer credit rating) general obligation rating of AAA. At June 30, 2006, the County had no general obligation bonds outstanding. All rating agencies referred to the County’s stable economic environment, strong financial profile, low debt burdens, and complete insulation from the health care system as reasons for the upgraded ratings. Lease revenue bonds applicable to governmental activities are paid from the County Improvement Debt Fund (debt service fund) that was funded in prior years by transfers from the General Fund and is predominately unrestricted. At June 30, 2006, the fund balance in the County Improvement Debt Fund to pay future liabilities was $27.2 million. 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 $58.2 million (par value) of which, $50.1 million remains outstanding. Reported and incurred but not reported claims applicable to governmental activities of $59.3 million are reported in the Risk Management and Employee Benefits Trust funds (internal service funds). This is an increase of $4.7 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). 15 Management’s Discussion and Analysis (Continued) Economic Factors and Next Year’s Budget and Rates • Arizona’s economy is projected to grow at a faster rate than the nation in 2007 and 2008, according to the Arizona Department of Economic Security. The State of Arizona expects payroll jobs to grow at 4.3 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 3.5 percent from fiscal year 2005 to 2006 (www.census.gov). The unemployment rate in Maricopa County, according to Arizona’s Workforce, in July 2007 was 3.3 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 113,700 new jobs this year (www.workforce.az.gov). • As reported by the U.S. Census Bureau, Maricopa County’s population increased 22.6 percent from April 1, 2000 to July 1, 2006, which is higher than the United States overall population increase of 6.4 percent for the same time period. This suggests that more people are migrating to Arizona than to most other states (quickfacts.census.gov). 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 2007 budget and tax rate. It was based on the following assumptions: • Continued steady growth in assessed values, but at lower levels than current. As Maricopa County’s primary (general operating) property tax levy hit its constitutional limit in FY 2005-06, increases in assessed values due to market appreciation have and will continue to drive reductions in the primary property tax rate. • Normalized revenue growth in other State Shared Sales Tax, Vehicle License Tax, and Sales Tax (Detention Fund) revenues. These revenue sources have seen unprecedented growth over the last year, but this growth is not sustainable. Revenues will continue to grow, but at a more moderate pace. • Discontinuation of Maricopa County’s role as a managed care plan provider for the Arizona Health Care Cost Containment System (AHCCCS) and Arizona Long Term Care System (ALTCS) health plans, and no further patient care liabilities for these plans beyond FY 2006-07. The County will, nonetheless, continue to make mandated contributions to the State to fund the non-Federal match for these programs overall. The County’s discontinuation of its ALTCS plan will cause an increase in capitation rates, which will drive up County contributions in the near term. • The County’s continued policy of “pay-as-you-go” financing of capital improvements. In the most likely scenario, a substantial portion of General Fund operating surpluses are applied to debt service payments associated with funding the Capital Improvement Program in lieu of a bond issue supported by dedicated taxes. • Escalating costs associated with jail and juvenile detention operations due to opening of new facilities, as well as the general impact of criminal justice system caseloads that are increasing faster than the growth in the overall population. • Steady increases in employee compensation and health care, including continuing efforts to restore salary levels to market-competitive levels. 16 Management’s Discussion and Analysis (Continued) At the end of the fiscal year, unreserved fund balance for the General Fund was $539.6, or 66.1 percent of total General Fund expenditures. Unreserved fund balance increased by almost 31.1 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 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 Detention Operations Fund – was established under the authority of propositions 400 and 401, which were passed in the General Election of November 3, 1998. These propositions authorized a temporary 1/5 of one-cent sales tax to be used for the construction and operation of adult and juvenile detention facilities. On November 5, 2002, the voters approved the extension of the 1/5 of one-cent sales tax in the General Election to be used for jail facility operations. The extension begins in the month following the expiration of the original tax and may continue for not more than twenty years after the date the tax collection begins. The Detention Operations Fund accounts for the receipt of tax revenue, jail operations expenditures, and transfers to the Detention Capital Projects Fund for construction of the adult and juvenile detention facilities. Debt Service Funds County Improvement Debt 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 debt. Funding is provided by transfers from the General Fund, intergovernmental revenue from the Maricopa County Special Health Care District, a legally separate 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 Enterprise Funds 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). Maricopa Health Plan Fund – Accounts for the operation of the Acute Health Care program, 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. Solid Waste Management Fund – assists the cities and towns, businesses, and citizens in continuously improving regional waste management systems. This includes an ever-increasing focus on reducing the amount of waste generated, maximizing resource recovery, proper management of special wastes, and environmentally sound disposal. 22 Maricopa County Statement of Net Assets June 30, 2006 COMPONENT UNITS PRIMARY GOVERNMENT Governmental Business-type Activities Activities ASSETS Cash in bank and on hand $ 13,124,581 Cash and investments held by County Treasurer 906,681,852 Receivables (net of allowances 23,298,775 for uncollectibles) Internal balances 7,079,352 Due from other governmental units 196,667,773 Inventories 9,354,090 Prepaids 2,005,021 Deferred costs 3,239,997 Miscellaneous 5,162,363 Intergovernmental loans 21,052,400 Advances to other funds 60,834 Cash and investments held by trustee – restricted 39,145,301 Capital assets: Land 496,721,222 Buildings and improvements 1,293,406,697 Machinery and equipment 207,224,634 Infrastructure – nondepreciable 552,968,897 Infrastructure – depreciable 224,835,151 Construction in progress 207,289,501 (Accumulated depreciation) (436,207,360) 3,773,111,081 Total assets LIABILITIES Accounts payable Accrued liabilities Employee compensation payable 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 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 Education Debt service Unrestricted Total net assets $ Total 1,475 13,126,056 14,306,705 920,988,557 12,300,072 (7,079,352) 35,598,847 7,280,749 3,944 7,556 1,187,486 979,795 1,597,801 (2,413,368) 28,172,863 62,469,303 7,469,781 70,015,835 2,415,661 $ 4,245,582 319,235 56,280 580 8,448,256 37,123,179 173,643 1,252,920 196,667,773 9,354,090 9,285,770 3,239,997 5,166,307 21,052,400 60,834 Housing Sports Authority Commission $ 3,154,135 $ 144,284 Total $ 3,298,419 5,601,647 5,601,647 131,989 4,193 131,989 4,193 4,830,082 38,332,221 645,570 25,272 4,830,082 38,332,221 670,842 3,546,393 (24,991,904) 31,254,326 (23,764) 145,792 3,546,393 (25,015,668) 31,400,118 39,152,857 497,908,708 1,294,386,492 208,822,435 552,968,897 224,835,151 207,289,501 (438,620,728) 3,801,283,944 66,714,885 7,789,016 70,072,115 2,416,241 8,448,256 37,123,179 173,643 1,252,920 105,533 1,182 106,715 95,323 95,323 149,908 149,908 49,411,423 192,392,564 422,724,309 1,323,164 17,087,233 31,480,330 50,734,587 209,479,797 454,204,639 294,122 644,886 2,443,905,934 1,253,947 2,445,159,881 22,362,362 22,362,362 1,239,117 1,239,117 7,556 (4,568,970) (3,307,467) 11,970,062 224,907,701 44,055,886 17,430,024 27,497,794 26,729 19,266,625 556,764,603 $3,347,079,305 11,970,062 224,907,701 44,055,886 17,430,024 27,497,794 26,729 19,259,069 561,333,573 $3,350,386,772 $ The notes to the financial statements are an integral part of this statement. 23 7,007,961 $30,609,440 294,122 646,068 1,182 $ 144,610 144,610 $ 7,152,571 30,754,050 Maricopa County Statement of Activities For the Fiscal Year Ended June 30, 2006 Program Revenues 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 Business-type activities: Arizona Health Care Cost Containment System (AHCCCS) – Arizona Long-Term Care System (ALTCS) program AHCCCS – Acute Health Care program Solid Waste Management Other business-type activity Total business-type activities Total primary government Component units: Housing Authority Sports Commission Total component units $ 163,009,587 782,136,857 70,418,156 433,776,254 32,596,971 20,220,846 7,763,995 1,509,922,666 $ $ $ 99,105,695 1,609,028,361 16,729,967 430,181 17,160,148 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 Gain (loss) on disposal of capital assets Miscellaneous Transfers Total general revenues and transfers Change in net assets Net assets (deficit), beginning, as restated Net assets (deficit), ending The notes to the financial statements are an integral part of this statement. 24 45,332,986 102,807,289 12,380,453 33,726,958 9,378,993 82,561 $ 203,709,240 56,657,239 40,048,082 2,400,374 $ Operating Grants and Contributions Charges for Services 4,138,950 96,077,144 98,134,763 178,349,242 1,693,043 14,982,370 Capital Grants and Contributions $ 393,375,512 3,468,017 384,540 37,827,055 26,840 831,443 42,537,895 53,842,048 29,801,116 360,864 $ $ $ 84,004,028 287,713,268 1,532,264 323,641 1,855,905 $ 393,375,512 $ 42,537,895 $ 15,211,092 192,396 15,403,488 $ 1,220,162 $ 1,220,162 $ Net (Expense) Revenue and Changes in Net Assets Primary Government Governmental Activities $ (110,069,634) (582,867,884) 77,924,115 (221,673,214) (20,693,492) (5,155,915) (7,763,995) (870,300,019) Component Units Business-type Activities $ (870,300,019) Housing Authority Total $ (2,815,191) (10,246,966) (2,039,510) (2,815,191) (10,246,966) (2,039,510) (15,101,667) (15,101,667) (15,101,667) (885,401,686) $ 388,190,146 61,763,471 17,366,792 457,785,985 137,876,660 6,498,814 138,003,052 1,858,155 29,479,569 (22,618,680) 13,558,451 447,790 6,883 12,914 388,190,146 61,763,471 17,366,792 457,785,985 137,876,660 6,498,814 138,003,052 1,858,155 29,927,359 (22,611,797) 13,571,365 (43,435,540) 1,186,326,875 43,435,540 43,903,127 1,230,230,002 316,026,856 3,034,359,916 3,350,386,772 28,801,460 (32,108,927) (3,307,467) 344,828,316 3,002,250,989 3,347,079,305 $ $ Total (110,069,634) (582,867,884) 77,924,115 (221,673,214) (20,693,492) (5,155,915) (7,763,995) (870,300,019) $ $ Sports Commission 1,233,551 1,233,551 $ $ $ 85,856 58,754 144,610 1,233,551 29,375,889 $ 30,609,440 25 $ 85,856 85,856 $ 1,233,551 85,856 1,319,407 $ 1,319,407 29,434,643 30,754,050 Maricopa County Balance Sheet Governmental Funds June 30, 2006 Detention Operations General 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 LIABILITIES AND FUND BALANCES Liabilities: Accounts 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 $ 99,100 456,912,995 14,265,561 12,640,833 97,174,779 4,524,734 549,233 21,052,400 60,834 $ $ 607,280,469 $ 134,711,890 $ $ 17,801,743 13,754,605 1,206,896 $ 5,264,012 5,621,630 451 $ $ 18,697,446 4,071,159 27,908,451 191,572 22,115,360 19,651,785 64,535,750 3,391 2,179,912 9,068,024 9,338,101 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 200 105,892,388 719,279 County Improvement Debt 26,075,156 42,101,345 10,889,484 4,524,734 20,984,387 48,668 191,572 37,323,092 8,403,849 539,621,335 123,630,834 18,808,809 565,179,124 $ 607,280,469 123,822,406 $ 134,711,890 27,212,658 $ 64,535,750 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, 2006, 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 Other Governmental Funds $ $ $ 627,108 267,002,210 3,882,005 7,482,865 49,469,183 3,010,204 2,502,492 19,493,516 353,469,583 36,757,438 6,311,652 5,730,071 11,417,592 170,252 6,040 Total Governmental Funds $ $ $ 7,960 26,432,216 1,252,920 88,086,141 3,010,204 59,823,193 25,687,887 6,937,418 11,417,592 173,643 2,185,952 9,068,024 7,960 61,845,473 1,252,920 178,400,062 7,726,510 20,984,387 48,668 19,259,069 10,855,220 $ 726,408 848,505,039 22,938,004 20,123,698 196,667,773 7,726,510 3,051,725 21,052,400 60,834 39,145,301 1,159,997,692 135,732,215 115,785,803 539,621,335 259,363,049 115,785,803 18,808,809 265,383,442 981,597,630 353,469,583 2,541,661,349 24,722,294 16,290,336 (213,884,837) $ 3,350,386,772 27 Maricopa County Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds For the Fiscal Year Ended June 30, 2006 Detention Operations General REVENUES Taxes Licenses and permits Intergovernmental Charges for services Fines and forfeits Special assessments 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 $ 137,876,660 $ 25,751,229 6,544 1,395,932 22,714,172 2,654,061 4,547,357 1,147,557,684 166,288,494 5,943,289 123,583,211 363,057,473 241,641,260 303,832,165 1,466,743 1,981,911 14,014,076 5,507,349 16,258 Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Capital lease agreements Proceeds from bond issuance Payment to escrow agent Total other financing sources (uses) Net change in fund balances Fund balances at beginning of year, as restated Increase in reserve for inventories Fund balances at end of year 378,705,924 2,349,225 694,985,737 33,156,417 15,646,209 County Improvement Debt $ 21,990,921 815,912,424 8,401,759 250,043,019 19,537,683 331,645,260 (83,754,525) (13,594,394) 211,615 (208,960,968) 9,395,689 145,724,861 (14,977,841) 4,116,017 (199,353,664) 130,747,020 132,291,596 431,277,454 1,610,074 565,179,124 46,992,495 76,746,745 83,166 123,822,406 The notes to the financial statements are an integral part of this statement. 28 $ (10,605,000) (6,488,983) (20,083,377) 47,296,035 $ 27,212,658 Other Governmental Funds $ 84,648,860 39,917,437 303,604,350 53,762,927 7,719,799 3,770,790 39,673,924 Total Governmental Funds $ 533,098,087 1,852,887,554 7,447,858 128,545,719 47,763,048 126,782,127 23,158,550 16,903,307 131,031,069 733,244,452 47,763,048 430,614,292 24,625,293 18,885,218 4,766,191 2,989,859 1,250 202,529,835 560,887,744 18,780,267 8,497,208 17,508 232,922,515 1,646,380,870 (27,789,657) 206,506,684 163,952,106 (133,501,330) 33,450,776 314,004,599 (357,440,139) 9,395,689 3,000,000 (10,605,000) (41,644,851) 5,661,119 259,079,810 642,513 265,383,442 164,861,833 814,400,044 2,335,753 981,597,630 3,000,000 $ 601,231,444 42,266,662 1,025,737,248 86,925,888 23,366,008 3,770,790 69,589,514 $ 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, 2006 Net change in fund balances – total governmental funds (page 29) $ 164,861,833 Amounts reported for governmental activities in the Statement of Activities pages 24 – 25 are different because: Governmental funds report capital outlays as expenditures. However, in the Statement of Activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. This is the amount by which capital outlays exceeded depreciation in the current period. 127,028,521 The net effect of various miscellaneous transactions involving capital assets (i.e., sales, trade-ins, and donations) is to increase net assets. 6,339,996 Collection of revenues in the governmental funds exceeded revenues reported in the Statement of Activities. (4,188,335) The issuance of long-term debt (e.g., bonds, leases) provides current financial resources to governmental funds, while the repayment of the principal of longterm 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. 23,844,485 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. (2,749,979) 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 Change in net assets of governmental activities (page 25) The notes to the financial statements are an integral part of this statement. 30 890,335 $ 316,026,856 31 Maricopa County Statement of Net Assets Proprietary Funds June 30, 2006 ALTCS ASSETS Current assets: Cash in bank and on hand Cash and investments held by County Treasurer Receivables Inventories Prepaids Miscellaneous Total current assets $ BUSINESS-TYPE ACTIVITIES ENTERPRISE FUNDS Maricopa Health Solid Waste Plan Management $ $ 3,192,538 9,027,695 3,785,959 3,494,790 6,978,497 12,522,485 1,475 14,306,705 79,839 3,944 14,391,963 Noncurrent assets: Restricted: Cash and investments held by trustee Capital assets: Land Buildings and improvements Machinery and equipment Less accumulated depreciation Total noncurrent assets 7,556 1,187,486 979,795 1,597,801 (2,413,368) 1,359,270 Total assets LIABILITIES Current liabilities: Accounts 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) Leases payable (current portion) Liability for reported and incurred but not reported claims (current portion) Liability for closure and postclosure costs (current portion) Total current liabilities 6,978,497 12,522,485 15,751,233 2,973,607 1,240,410 78,408 233,732 31,565 56,280 7,095 580 1,428,750 7,264,771 5,650,602 1,183,485 6,976 12,166 11,745,536 1,304,022 1,418,684 8,308,229 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 29,957 48,668 17,008,608 17,087,233 8,308,229 11,745,536 Total liabilities NET ASSETS Invested in capital assets, net of related debt Restricted for debt service Unrestricted (deficit) Total net assets (deficit) $ The notes to the financial statements are an integral part of this statement. 32 (4,767,039) (4,767,039) $ 4,214,256 4,214,256 18,505,917 $ 1,253,947 7,556 (4,016,187) (2,754,684) Governmental Activities Internal Service Funds Total $ 1,475 14,306,705 12,300,072 $ 7,280,749 3,944 33,892,945 12,398,173 58,176,813 360,771 1,627,580 2,005,021 2,110,638 76,678,996 7,556 1,187,486 979,795 1,597,801 (2,413,368) 1,359,270 323,649 9,507,815 (5,254,071) 4,577,393 35,252,215 81,256,389 4,245,582 56,280 319,235 580 7,079,352 8,448,256 6,976 12,166 2,646,110 719,018 532,363 1,626,754 91,214 26,440,104 1,304,022 21,472,449 32,055,563 62,216 29,957 48,668 32,848,274 $ 17,008,608 17,087,233 32,910,490 38,559,682 64,966,053 1,253,947 7,556 (4,568,970) (3,307,467) 4,423,963 $ 11,866,373 16,290,336 33 Maricopa County Statement of Revenues, Expenses, and Changes in Fund Net Assets Proprietary Funds For the Fiscal Year Ended June 30, 2006 BUSINESS-TYPE ACTIVITIES ENTERPRISE FUNDS ALTCS OPERATING REVENUES Net patient service revenue Charges for services Miscellaneous Total operating revenues $ Solid Health Plan Waste Management $ $ 29,801,116 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 loss 53,842,048 29,801,116 2,722,770 15,519 50,924,046 1,134,280 4,157,473 26,177 29,497,996 4,344,730 193,894 512,977 149,162 77,370 55,217,041 (1,374,993) NONOPERATING REVENUES (EXPENSES) Investment income Interest expense Premium tax Gain (loss) on disposal of capital assets Total nonoperating revenues (expenses) 360,864 12,914 373,778 477,009 36,904 1,832,403 17,252 921 2,851 31,154 720 2,399,214 (2,025,436) 885,763 39,425,116 (9,624,000) 447,790 (1,160) Income (loss) before contributions and transfers Capital contributions Transfers in Change in net assets Total net assets (deficit) – beginning, as restated Total net assets (deficit) – ending 53,842,048 Maricopa $ (1,440,198) (622,966) (1,440,198) (622,966) 6,883 453,513 (2,815,191) (10,246,966) (1,571,923) 4,808,761 35,129,812 1,993,570 24,882,846 (6,760,609) (4,767,039) The notes to the financial statements are an integral part of this statement. 34 $ (20,668,590) 4,214,256 (1,571,923) $ (1,182,761) (2,754,684) Governmental Nonmajor Fund- Activities - Non-AHCCCS Health Plans Internal Service Funds $ Total $ 53,842,048 30,161,980 12,914 84,016,942 $ 91,120,428 2,244,898 93,365,326 7,357,252 78,600 80,422,042 7,311,413 7,310,186 7,350,676 11,321,229 8,632,861 49,260,253 2,207,003 2,191,852 29,615 5,498,356 814,517 706,871 17,252 921 2,851 180,316 963,853 97,041,371 (13,024,429) 94,616,548 (1,251,222) 447,790 (1,160) (2,063,164) 6,883 (1,609,651) 1,857,002 (86,232) (14,634,080) 516,008 (3,540) 1,767,230 374,327 3,496,967 43,435,540 3,496,967 28,801,460 (3,496,967) $ $ (32,108,927) (3,307,467) 890,335 $ 15,400,001 16,290,336 35 Maricopa County Statement of Cash Flows Proprietary Funds For the Fiscal Year Ended June 30, 2006 BUSINESS-TYPE ACTIVITIES ENTERPRISE FUNDS CASH FLOWS FROM OPERATING ACTIVITIES Cash receipts from contractors, patients and other payors Charges for services Other receipts Payments for goods and services Payments for personal services Net cash provided by (used for) operating activities $ CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Advances from General Fund Cash transfers from other funds Interest payments Loan payments to General Fund Premium tax Net cash provided by (used for) noncapital financing activities Solid Waste Management Maricopa Health Plan ALTCS 62,527,690 $ 35,684,278 (75,391,433) (3,391,465) (16,255,208) (65,154,183) (4,954,922) (34,424,827) 4,808,761 35,129,812 (1,248,261) 3,560,500 (704,985) 34,424,827 $ 360,864 12,914 (974,587) (440,480) (1,041,289) (12,166) (12,166) CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Purchase of capital assets Proceeds from sale 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 (27,173) 6,883 (6,566) (1,291) (28,147) CASH FLOWS FROM INVESTING ACTIVITIES Interest and dividends Net cash provided by investing activities 2,092 2,092 Net increase (decrease) in cash and cash equivalents Cash and cash equivalents, July 1, 2005 Cash and cash equivalents, June 30, 2006 RECONCILIATION OF OPERATING INCOME (LOSS) TO NET CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES Operating loss Adjustments to reconcile operating 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 Inventories Prepaids Miscellaneous Accounts payable Employee compensation payable Accrued liabilities Due to other funds 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 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 contributions Capital assets transferred from governmental activities Accumulated depreciation transferred from governmental activities Capital assets transferred to governmental activities Accumulated depreciation transferred to governmental activities (12,692,616) (644,374) 12,692,616 14,960,110 $ $ 437,228 437,228 $ (1,374,993) $ (9,624,000) $ 14,315,736 $ (2,025,436) 149,162 31,154 211,582 $ $ The notes to the financial statements are an integral part of this statement. 36 8,885,332 6,003,585 1,734,046 6,343,430 (5,164,177) 39,866 (668,695) 1,428,750 (21,244,633) (797,449) (8,673,744) (27,716,515) (16,255,208) $ $ (34,424,827) (266,333) 36,529 $ $ 971,215 (1,041,289) 18,792 (18,792) Nonmajor FundNon-AHCCCS Health Plans $ Governmental Activities Internal Service Funds Total $ (3,494,307) (2,660) (3,496,967) 98,211,968 360,864 12,914 (145,014,510) (8,789,527) (55,218,291) 3,496,967 43,435,540 3,496,967 (12,166) (1,953,246) 41,470,128 $ 91,730,594 3,164,461 (81,784,137) (7,226,824) 5,884,094 1,626,754 (81,240) (2,594,207) (1,048,693) (27,173) 6,883 (956,749) (81,440) (6,566) (1,291) (28,147) (4,992) (1,043,181) 439,320 439,320 1,739,081 1,739,081 (13,336,990) 5,531,301 27,652,726 65,043,685 $ $ 14,315,736 $ 70,574,986 $ $ (13,024,429) $ (1,251,222) 180,316 814,517 2,507,670 211,582 14,888,917 657,460 7,750 (322,258) (2,660) (1,017,002) (2,820,257) 8,734,936 7,750 (5,712,902) 33,869 (1,466,144) (8,261,996) (51,781,405) $ (3,496,967) $ 971,215 (55,218,291) $ 18,792 (18,792) $ 177,750 973,603 610,166 (772,073) 83,362 531,099 2,209,222 18,792 (18,792) $ 5,884,094 $ 363,051 (366,591) 3,540 (374,327) 726,723 (352,396) (25,805) 25,805 37 Maricopa County Statement of Fiduciary Net Assets Fiduciary Funds June 30, 2006 Investment Trust Fund Treasurer’s Investment Pool Agency Fund Assets Cash in bank and on hand $ Cash and investments held by County Treasurer $ 2,143,086,842 43,919,767 15,320,889 Receivables: Accrued interest 11,636,501 3,537,539 Accounts 2,158,260,882 Total assets $ 59,240,656 $ 59,240,656 59,240,656 Liabilities Deposits held for other parties Total liabilities Net Assets Held in trust for investment participants $ 2,158,260,882 The notes to the financial statements are an integral part of this statement. 38 Maricopa County Statement of Changes in Fiduciary Net Assets Fiduciary Funds For the Fiscal Year Ended June 30, 2006 Investment Trust Fund Treasurer’s Investment Pool Additions: Contributions from participants $ 12,597,359,388 Investment income: Interest income 58,722,438 (6,463,701) Net decrease in fair value of investments 52,258,737 Net investment earnings 12,649,618,125 Total additions Deductions: 12,341,743,604 Distributions to participants 12,341,743,604 Total deductions Change in net assets 307,874,521 1,850,386,361 Net assets – beginning Net assets – ending $ 2,158,260,882 The notes to the financial statements are an integral part of this statement. 39 40 Financial Section Basic Financial Statements - Notes 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 SUBSEQUENT EVENTS OF GOVERNMENT-WIDE 43 AND FUND FINANCIAL Notes to the Financial Statements (Continued) NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accounting policies of Maricopa County conform to generally accepted accounting principles applicable to governmental units adopted by the Governmental Accounting Standards Board (GASB). A. Reporting Entity Maricopa County is a general purpose local government governed by a separately elected board of five county supervisors. The accompanying financial statements present the activities of the County (the primary government) and its component units. Component units are legally separate entities for which the County is considered to be financially accountable. Blended component units, although legally separate entities, are in substance part of the County’s operations. Therefore, data from these units is combined with data of the primary government. Discretely presented component units, on the other hand, are reported in a separate column in the combined financial statements to emphasize they are legally separate from the County. Each blended and discretely presented component unit discussed below has a June 30 year-end. The reporting entity is comprised of the primary government, Maricopa County Flood Control District, Maricopa County Library District, Maricopa County Public Finance Corporation, Maricopa County Special Assessment Districts, Maricopa County Stadium District, Maricopa County Street Lighting Districts, Housing Authority of Maricopa County, and Maricopa County Sports Commission. 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. 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. 44 Notes to the Financial Statements (Continued) Maricopa County Special Assessment Districts The Special Assessment Districts are legally separate entities that provide improvements to various properties within the County. As the Maricopa County Board of Supervisors serves as the Board of Directors of the Maricopa County Special Assessment Districts, it is able to significantly influence the activities or level of services provided by the Districts; therefore, the Districts are considered a blended component unit of the County. Maricopa County Stadium District The Maricopa County Stadium District is a legally separate entity that provides regional leadership and fiscal resources to assure the presence of Major League Baseball in Maricopa County. As the Maricopa County Board of Supervisors serves as the Board of Directors of the Stadium District, it is able to significantly influence the programs, projects, activities, or level of services provided by the District; therefore, the District is considered a blended component unit of the County. Complete financial statements for the Maricopa County Stadium District may be obtained at the entity’s administrative office listed below: Maricopa County Stadium District 401 East Jefferson Phoenix, Arizona 85004 www.maricopa.gov/stadiumdistrict 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 units are as follows: Housing Authority of Maricopa County On July 1, 2003, the Housing Authority of Maricopa County became a legally separate entity pursuant to A.R.S. §36-1404. The Housing Authority provides efficient and affordable rental housing to lowincome households of Maricopa County. Each member of the Maricopa County Board of Supervisors appoints one member to the Board of Commissioners while the sixth member shall be based on the recommendation of the County Administrative Officer and the seventh member shall be appointed by a majority vote of the Maricopa County Board of Supervisors. The County does not have the ability to impose its will on the Housing Authority. The Housing Authority is a discretely presented component unit, as the Maricopa County Board of Supervisors may dissolve the Authority at any time at the sole discretion of the County and, therefore, a financial benefit or burden exists. Complete financial statements for the Housing Authority of Maricopa County may be obtained at the entity’s administrative office listed below: Housing Authority of Maricopa County 2024 North Seventh Street, Suite 101 Phoenix, Arizona 85006 www.maricopahousing.org 45 Notes to the Financial Statements (Continued) Maricopa County Sports Commission The Maricopa County Sports Commission (Sports Authority) is a legally separate entity pursuant to A.R.S. §11-701(F). The Sports Authority provides the citizens of Maricopa County with a variety of sporting experiences by assisting in the promotion and acquisition of events, teams, and youth programs. The Sports Authority’s governing board consists of fifteen members, of whom the Maricopa County Board of Supervisors appoints five members, a state university president appoints one member, and the remaining nine members are appointed by the seven most populous city’s mayors within the County. The County does not have the ability to impose its will on the Sports Authority. The Sports Authority is a discretely presented component unit, as the Maricopa County Board of Supervisors may dissolve the Authority at any time at the sole discretion of the County and, therefore, a financial benefit or burden exists. Complete financial statements for the Maricopa County Sports Commission may be obtained at the entity’s administrative office listed below: Maricopa County Sports Commission 400 East Van Buren, Suite 600 Phoenix, Arizona 85004 www.phxsports.org 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 units. 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. 46 Notes to the Financial Statements (Continued) 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. 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 Detention 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 Detention Operations Fund accounts for the jail tax revenue and transfers from the General Fund for maintenance of effort and jail operations expenditures. The Detention Operations Fund transfers monies to the Detention Capital Projects Fund for the construction of the jail facilities. The amount to be transferred to the Detention Capital Projects Fund for any given year is determined through the budget planning process. The County Improvement Debt 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. 47 Notes to the Financial Statements (Continued) The County reports the following major enterprise funds: 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). Maricopa Health Plan Fund – Accounts for the operation of the Acute Health Care program, 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. Solid Waste Management Fund – assists the cities and towns, businesses, and citizens in continuously improving regional waste management systems. This includes an ever-increasing focus on reducing the amount of waste generated, maximizing resource recovery, proper management of special wastes, and environmentally sound disposal. 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, with exception of the agency fund, and the accrual basis of accounting. The agency fund is custodial in nature and does not have a measurement focus. 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 they become both 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. 48 Notes to the Financial Statements (Continued) The County’s business-type activities, enterprise funds, internal service funds, and the discretely presented component units 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 and its discretely presented component units have 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. 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 internal service funds are 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. 49 Notes to the Financial Statements (Continued) Property, plant, and equipment of the primary government and the discretely presented component units are depreciated using the straight-line method over the following estimated useful lives: Estimated Useful Life (In Years) Type of Assets Buildings and improvements Infrastructure Autos and trucks Other equipment Primary Government 20 - 50 25 - 50 3 - 10 3 - 20 Discretely Presented Component Units 20 - 30 N/A 7 5 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 are not depreciated as they are reported using the modified approach. Under the modified approach, the County’s roadway and bridge systems are being preserved at a specified condition level established by the County. For information on the modified approach, see Required Supplementary Information – Modified Approach for Infrastructure Assets. The Flood Control District accounts for the County’s remaining infrastructure assets consisting of drainage systems, dams, flood channels and canals. For the 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. 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. 50 Notes to the Financial Statements (Continued) 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 July 1, 2005 the Maricopa County Sports Commission will be reported as a discretely presented component unit. In prior years, the Sports Authority Fund (special revenue fund) was part of the primary government and was reported as a nonmajor governmental fund, but should have been presented as a discretely presented component unit. This constitutes a change in reporting entity. Beginning in fiscal year 2006, the County established the Events Center (special revenue fund) and Elections Grant (special revenue fund) Funds. Both are nonmajor governmental funds. The Court Automation Fund (special revenue fund) was eliminated and consolidated with the Trial Court Special Revenue (special revenue fund) and Judicial Enhancement (special revenue fund) Funds. The Old Courthouse (special revenue fund) and Juror Improvement (special revenue fund) Funds were eliminated and consolidated with the Trial Court Special Revenue Fund (special revenue fund). The Justice Court Grant Fund (special revenue fund) was eliminated and consolidated with the Trial Court Grant Fund (special revenue fund). All are nonmajor governmental funds. The County renamed the Jail Operations (special revenue fund) and the Lease Revenue (debt service fund) Funds to the Detention Operations and County Improvement Debt Funds, respectively. Both are major governmental funds. The County also renamed several special revenue, debt service, and capital project funds to unify the fund names with the Annual Business Strategies budget book. NOTE 3 – BEGINNING BALANCES RESTATED On July 1, 2005, Maricopa County restated the County Attorney RICO Fund beginning fund balance for prior period corrections pertaining to revenue and liabilities reported as due to other governmental units. In addition, Maricopa County restated the Accommodation Schools Fund beginning fund balance and governmental activities beginning net assets for prior period corrections relating to assets and liabilities not previously reported. On July 1, 2005, Maricopa County also restated governmental activities capital assets balances for corrections of prior periods resulting from Transportation infrastructure assets that were not deleted in prior periods. In fiscal year 2005, the Maricopa County Sports Commission (Sports Authority Fund) was reported as a nonmajor governmental fund and included in governmental activities. Beginning July 1, 2005, this entity is reported as a discretely presented component unit. See Note 1 – Summary of Significant Accounting Policies and Note 2 – Reporting Changes for additional information. As a result of the reporting change, on July 1, 2005, the County restated beginning net assets of governmental activities and the beginning fund balance of the governmental fund financial statements. 51 Notes to the Financial Statements (Continued) Beginning net assets of governmental activities and beginning fund balances were adjusted for the above, as follows: Total Governmental Funds Governmental Activities Net assets/fund balance reported, as of June 30, 2005 Add: County Attorney RICO Fund prior-year revenue Delete: Transportation infrastructure Delete: Transportation construction in progress Delete: Sports Authority Fund for discrete presentation Add/(Delete): Accommodation Schools balances not previously reported Current assets Capital assets Accumulated depreciation Current liabilities Long-term liabilities Net assets/fund balance as of July 1, 2005, as restated $3,063,120,617 $ 813,323,727 1,231,092 (27,539,853) (4,974,462) (58,821) 1,231,092 1,125,188 3,218,245 (320,542) (1,221,259) (220,289) 1,125,188 (58,704) (1,221,259) $3,034,359,916 $ 814,400,044 In addition, the beginning net assets of the discretely presented component units were adjusted for the inclusion of the Maricopa County Sports Commission and for amounts previously unreported by the County as follows: Discretely Presented Component Units Net assets reported as of June 30, 2005 Maricopa County Sports Commission as of June 30, 2005 Accumulated depreciation not previously reported $ 29,375,889 58,821 (67) Net assets as of July 1, 2005, as restated $ 29,434,643 In addition, on July 1, 2005, Maricopa County restated beginning net assets for the Solid Waste Management Fund for landfill closure and postclosure care cost liabilities. The County hired a consultant with expertise in solid waste management to reassess the County’s liability for landfill closure and post closure costs. As a result of this reassessment, the consultant concluded that the liability in prior years was understated. As a result, the County restated beginning net assets for closure and postclosure care cost liability. On July 1, 2005, beginning net assets of business-type activities and the Solid Waste Management Fund were adjusted as follows: Solid Waste Management Fund Business-type Activities Net assets reported as of June 30, 2005 Add: closure and postclosure care cost liabilities $ (24,842,083) (7,266,844) $ 6,084,083 (7,266,844) Net assets/fund balance as of July 1, 2005, as restated $ (32,108,927) $ (1,182,761) 52 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 981,597,630 Capital assets used in governmental activities are not financial resources and therefore, are not reported in the funds. 496,721,222 1,293,083,048 197,716,819 777,804,048 207,289,501 (430,953,289) 2,541,661,349 Land Buildings and improvements Machinery and equipment Infrastructure Construction in progress Accumulated depreciation Net governmental funds capital assets at June 30, 2006 Other assets are not available to pay for current period expenditures and therefore, are deferred in the funds. 10,590,389 10,172,109 3,959,796 24,722,294 Deferred revenue for property taxes receivable at June 30, 2006 Deferred revenue for grant revenues receivable at June 30, 2006 Deferred revenue for contributions received at June 30, 2006 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. 16,290,336 Some long-term liabilities and compensated absences are not due and payable shortly after June 30, 2006, and therefore, are not reported in the funds. (72,520,043) (9,212,000) (4,715,000) (50,050,000) (2,428,888) (146,307) 3,239,997 (6,413,114) (16,159,461) (546,202) (11,095,180) (43,608,930) (229,709) (213,884,837) Noncurrent lease revenue bonds due in more than one year at June 30, 2006 Lease trust certificates due in more than one year at June 30, 2006 Certificates of participation due in more than one year at June 30, 2006 Stadium District revenue bonds payable at June 30, 2006 Stadium District contractual obligations payable at June 30, 2006 Special assessment debt with governmental commitment payable at June 30, 2006 Deferred issuance cost at June 30, 2006 Bond premium payable at June 30, 2006 Governmental funds capital leases payable at June 30, 2006 Governmental funds installment purchase agreements payable at June 30, 2006 Claims and judgments payable at June 30, 2006 Governmental funds compensated absences payable at June 30, 2006 Accrued interest payable at June 30, 2006 $ Net assets of governmental activities 53 3,350,386,772 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 $ 164,861,833 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, 2006 Add: Internal service funds depreciation expense for the year ended June 30, 2006 178,509,225 (52,295,221) 814,517 127,028,521 The net effect of various miscellaneous transactions involving capital assets (i.e., sales, trade-ins, and donations) is to increase net assets. Net value of disposed capital assets for the year ended June 30, 2006 Adjustment for the net value of assets capitalized in the current year but acquired in prior years Donations of capital assets (26,914,351) 3,031,832 30,222,515 6,339,996 Collection of revenues in the governmental funds exceeded revenues reported in the Statement of Activities. Collections of deferred revenues plus current-year grant revenues exceeding amounts reported as earned for the year ended June 30, 2006 Property taxes earned during the year ended June 30, 2006 Contribution revenue earned during the year ended June 30, 2006 (8,479,405) 3,156,274 1,134,796 (4,188,335) 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 Deferred issuance costs Proceeds from issuance of lease trust certificates Accrued interest payable on long-term debt 24,018,642 4,600,000 (9,395,689) 759,172 400,000 6,855,043 (404,805) (3,000,000) 12,122 23,844,485 Some expenses reported in the Statement of Activities do not require the use of current financial resources and therefore, are not reported as expenditures in governmental funds. Increase in employee compensation payable Increase in reserve for inventories Increase in claims and judgments payable (4,490,132) 2,335,753 (595,600) (2,749,979) 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. 890,335 $ Change in net assets of governmental activities 54 316,026,856 Notes to the Financial Statements (Continued) NOTE 5 – STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY At June 30, 2006, the following funds reported deficits in fund balances or net assets. FUND DEFICIT Governmental Funds: Accommodation Schools Adult Probation Grants Air Quality Grants CDBG Housing Trust Clerk of Court Grants Correctional Health Grants County Attorney Grants Emergency Management Events Center Human Services Grants Juvenile Probation Grants Parks and Recreation Grants Public Defender Grants Public Health Grants School Grants Sheriff Grants Sheriff RICO Transportation Grants Proprietary Funds: ALTCS Equipment Services Risk Management Solid Waste Management $ 255,654 163,916 614,679 189,279 93,087 133 191,684 139,427 132 4,772,013 492,638 82,523 25,442 1,498,060 195,488 152,520 34,430 451,497 $ 4,767,039 1,326,997 20,833,404 2,754,684 The deficits in fund balances or net assets for Adult Probation Grants, Air Quality Grants, Clerk of Court Grants, Correctional Health Grants, County Attorney Grants, Emergency Management, Human Services Grants, Juvenile Probation Grants, Parks and Recreation Grants, Public Health Grants, Sheriff Grants, and Transportation Grants Funds were attributed to the deferring of certain grant revenues. The County accrues grant revenue received within 60 days after year-end, as it is available and measurable. Revenues received after 60 days are considered not available and are therefore deferred. The deficit in net assets for the ALTCS Fund will be corrected in fiscal year 2007 as the County has closed this health plan and the fund deficit will be covered by the General Fund. 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 Solid Waste Management Fund deficit is the result of the increase in the landfill closure and postclosure care cost liability. This amount is not expected to be recovered through normal operations as the landfills are predominately closed. In fiscal year 2008, this fund will be transferred to a special revenue fund and the future obligations will be the responsibility of the general government. 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 2007. 55 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, 2006, the carrying amount of the County’s deposits was $62,485,347, and the bank balance was $72,757,779. 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, 2006, $66,055,863 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 56 $ 12,072,815 $ 53,983,048 66,055,863 Notes to the Financial Statements (Continued) Investments – The County’s investments at June 30, 2006, were as follows: Investment Type U.S. Treasury securities U.S. agency securities Mutual funds with trustee Guaranteed investment contracts Corporate bonds Other Investments $ $ Amount 3,143,345 3,077,302,476 9,708,694 17,035,166 491,930 8,606,759 3,116,288,370 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, 2006, 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 Corporate bonds Rating Aaa P1 Unrated Aaa AAA Rating Agency Moody’s Moody’s Not applicable Moody’s Standard & Poor’s $ $ Amount 2,082,112,521 965,297,955 29,892,000 9,708,694 491,930 3,087,503,100 The $29,892,000 of unrated 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 $8,606,759 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, 2006, the County had $9,708,694 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 $8,606,759 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, 2006, were in the Federal National Mortgage Association, the Federal Home Loan Bank, and the Federal Home Loan Mortgage Corporation. These investments were 39.6 percent, 38.7 percent, and 16.4 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. 57 Notes to the Financial Statements (Continued) Additionally, securities should be invested for a shorter duration, where applicable. At June 30, 2006, the County had the following investments in debt securities. Investment Maturities Investment Type U.S. Treasury securities U.S. agency securities Mutual funds with trustee Corporate bonds Guaranteed investment contracts Amount 3,143,345 3,077,302,476 9,708,694 491,930 17,035,166 $ 3,107,681,611 $ Less than 1 Year $ 3,143,345 2,209,802,975 9,708,694 491,930 $ $ 2,223,146,944 $ 1–5 Years More than 10 Years 6 – 10 Years $ $ 867,499,501 867,499,501 $ 8,121,920 8,121,920 8,913,246 8,913,246 $ The $8,606,759 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 3,116,288,370 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 $ $ 13,124,581 906,681,852 39,145,301 $ 958,951,734 $ 119,670 62,485,347 1,475 Investment Trust Fund $ 3,178,893,387 Agency Fund $43,919,767 14,306,705 2,143,086,842 15,320,889 7,556 14,315,736 $ 2,143,086,842 $59,240,656 Component Units $ 3,298,419 Total $ 60,344,242 3,079,396,288 $ 3,298,419 39,152,857 $ 3,178,893,387 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. 58 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 $4,728,654 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 $53,790,155 of deposits, $3,143,345 of investments in U.S. Treasury securities, $6,605,880 of U.S. agency securities, $9,708,694 of mutual funds with trustee, $17,035,166 of guaranteed investment contracts, $491,930 of corporate bonds, and $8,606,759 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 $3,040,188,047 Interest Rates 2.0 – 5.7% Maturities 7/06 – 6/09 Reported Amount $3,070,696,596 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 $ 3,096,640,206 $ 3,096,640,206 $ 938,379,324 2,158,260,882 3,096,640,206 $ Statement of changes in net assets Total additions Total deductions Net increase/(decrease) Net assets held in trust: July 1, 2005 June 30, 2006 $ $ 21,693,484,010 21,269,648,433 423,835,577 2,672,804,629 3,096,640,206 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 Detention Operations General Fund Receivables: Taxes Accrued interest Special assessments Pledged Total receivables $ $ 11,191,870 3,073,691 $ 14,265,561 $ $ 719,279 719,279 59 Other Governmental Funds County Improvement Debt $ 2,286,886 1,450,886 144,233 $ $ 3,882,005 $ 102,463 $ 3,968,696 4,071,159 Total 13,478,756 5,346,319 144,233 3,968,696 22,938,004 Notes to the Financial Statements (Continued) Maricopa Health Plan ALTCS Receivables: Accounts Accrued interest $ Total receivables $ 3,192,538 3,192,538 $ $ 9,027,695 9,027,695 Proprietary Funds Solid Waste Management $ Internal Service Funds $ 79,839 79,839 $ $ Total $ 360,771 360,771 $ 12,220,233 440,610 12,660,843 Discretely presented component units: Receivables as of year-end for the Housing Authority, a discretely presented component unit, including the applicable allowances for uncollectible accounts, are shown as follows: Housing Authority Receivables Intergovernmental Accounts Other Notes receivable Gross receivables Less: allowance for uncollectibles $ $ Net total receivables 450,562 13,891 84,665 5,065,000 5,614,118 (12,471) 5,601,647 NOTE 9 – DUE FROM OTHER GOVERNMENTAL UNITS Amounts due from other governmental units at June 30, 2006, of $196,667,773, as reported on the Governmental Funds balance sheet, include $80,641,519, $16,013,374 and $17,750,574 in state-shared revenues for sales taxes, vehicle license taxes and highway user taxes, respectively; $24,443,520 in jail tax collected by the State but not received by the County; $1,039,344 in rental car surcharge collected by the State but not received by the County; $16,356,719 in various Federal and State grants; $4,589,325 due from other governments for prisoner detention and police services; $13,344,186 due from cities and towns for Flood Control District and Transportation Department intergovernmental agreements; and $373,852 of miscellaneous receivables from Federal, State and local governments. In addition, the County reported $22,115,360 for debt service reimbursements due from the Maricopa County Special Health Care District, a separate legal entity. The amount is reported in the County Improvement Debt Fund and is deferred, as it is not considered earned and available to finance expenditures of the current period. As a result of the transition of the Medical Center to the District on January 1, 2005, 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. NOTE 10 – INTERGOVERNMENTAL LOANS At June 30, 2006, the County reported intergovernmental loans of $21,052,400. This amount consists of three separate intergovernmental loans to the Maricopa County Special Health Care District, a separate legal entity. On July 1, 2005, the County provided a $15,433,000 ten-year loan to the Maricopa County Special Health Care District. The terms of the loan, as outlined in the Assistance Package Intergovernmental Agreement dated June 8, 2005, include the first five years interest free, with interest payable for the second five-year period at the rate earned by the County Treasurer over that period. The balance of the loan is due August 1, 2015. 60 Notes to the Financial Statements (Continued) On September 30, 2005, the County provided a $5,347,350 loan to the Maricopa County Special Health Care District for AHCCCS equity requirements per the terms of the Assistance Package Intergovernmental Agreement dated June 8, 2005, and will be paid in full by October 1, 2008. The County also reported a $272,050 intergovernmental loan to the Maricopa County Special Health Care District for monies owed from the District to the General Fund for early extinguishment of certain debt in advance of maturity. The loan is paid semi-annually until July 1, 2010, at which time the loan will be paid in full. NOTE 11 – CAPITAL ASSETS Capital asset activity for the year ended June 30, 2006 was as follows: Balance July 1, 2005, 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 Increase 483,765,211 156,782,301 507,294,390 1,147,841,902 $ 24,453,788 136,301,896 50,171,260 210,926,944 Balance June 30, 2006 Decrease $ 11,497,777 85,794,696 4,496,753 101,789,226 $ 496,721,222 207,289,501 552,968,897 1,256,979,620 1,244,567,477 192,947,266 224,835,151 1,662,349,894 53,906,653 27,323,021 5,067,433 13,045,653 81,229,674 18,113,086 222,895,927 125,869,110 49,069,553 397,834,590 26,940,041 20,769,771 4,585,409 52,295,221 2,559,576 11,362,875 13,922,451 247,276,392 135,276,006 53,654,962 436,207,360 1,264,515,304 28,934,453 4,190,635 1,289,259,122 Governmental activities capital assets, net $ 2,412,357,206 $ Business-type activities: Nondepreciable assets: Land Total capital assets not being depreciated $ 1,187,486 1,187,486 $ 239,861,397 $ 105,979,861 $ 1,293,406,697 207,224,634 224,835,151 1,725,466,482 $ 2,546,238,742 $ 1,187,486 1,187,486 Depreciable assets: Buildings and improvements Machinery and equipment Total 63,562 12,856,432 12,919,994 916,233 27,173 943,406 11,285,804 11,285,804 979,795 1,597,801 2,577,596 Less accumulated depreciation for: Buildings and improvements Machinery and equipment Total 63,562 12,539,061 12,602,623 916,233 180,316 1,096,549 11,285,804 11,285,804 979,795 1,433,573 2,413,368 317,371 (153,143) Total capital assets being depreciated, net Business-type activities capital assets, net $ 1,504,857 61 $ (153,143) 164,228 $ $ 1,351,714 Notes to the Financial Statements (Continued) Balance July 1, 2005, as restated Discretely presented component units: Nondepreciable assets: Land Construction in progress Total capital assets not being depreciated $ Depreciable assets: Buildings and improvements Machinery and equipment Less accumulated depreciation Total Increase 4,830,082 2,394,539 7,224,621 Decrease $ 38,332,221 600,859 23,752,364 15,180,716 $ Balance June 30, 2006 1,151,854 1,151,854 $ 4,830,082 3,546,393 8,376,4750 69,983 1,263,304 (1,193,321) 38,332,221 670,842 25,015,668 13,987,395 Discretely presented component units capital assets, net $ 22,405,337 $ (41,467) $ $ 22,363,870 The County pledged certain governmental activities buildings and land as collateral for various lease revenue bonds. See Note 13 – Long-term Liabilities for additional information regarding outstanding bonds at June 30, 2006. On July 1, 2005, Maricopa County restated governmental activities beginning capital assets by ($32,514,315) for corrections of Transportation infrastructure related assets that were not deleted in prior periods. The County also restated governmental activities beginning capital assets balances by $2,897,703 for capital assets and accumulated depreciation related to the Accommodations Schools for amounts previously unreported. See Note 3 – Beginning Balances Restated for additional information. In addition, on July 1, 2005, Maricopa County restated beginning capital assets balances for governmental activities and discretely presented component units by $117 and $50, respectively. In fiscal year 2005, the Maricopa County Sports Commission was reported as a nonmajor governmental fund and included in governmental activities. Beginning July 1, 2005, this entity is reported as a discretely presented component unit. In addition, prior year balances for the Maricopa County Sports Commission were restated to report accumulated depreciation that was previously unreported by the County. See Note 3 – Beginning Balances Restated for additional information. 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: Arizona Long-Term Care System Solid Waste Management Fund $ $ Total business-type activities depreciation expense $ 7,152,461 28,440,007 3,556,503 3,003,225 7,882,261 1,446,247 814,517 52,295,221 149,162 31,154 180,316 The depreciation expense charged to business-type activities is less than accumulated depreciation increases because of assets transferred from machinery and equipment to buildings and improvements with accumulated depreciation of $916,233. This transfer amount is accounted for in accumulated depreciation increases, but does not constitute current year depreciation expense. 62 Notes to the Financial Statements (Continued) NOTE 12 – CONSTRUCTION AND OTHER SIGNIFICANT COMMITMENTS At June 30, 2006, 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 Detention Facilities, and Construction of Various County Facilities. Transportation Construction Projects At June 30, 2006, the Maricopa County Transportation Department had contractual commitments of $28,375,873 for construction of various highway projects. The related estimated cost of completion for these projects was $341,190,192. 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, 2006, the Maricopa County Flood Control District had contractual commitments of $25,460,504 for the construction of various flood control projects. The related estimated cost of completion for these projects was $234,444,000. 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 governmental fund). Construction and Maintenance of Adult and Juvenile Detention Facilities At June 30, 2006, Maricopa County had contractual commitments of $720,614 for construction of adult and juvenile detention facilities. The related estimated cost of completion for these projects was $27,949,842. Funding for these expenditures will be provided by the 1/5 of one-cent jail sales tax originally approved by voters in the November 3, 1998 general election and extended in the November 2, 2002, general election. These projects are accounted for in the Detention Capital Projects Fund (nonmajor governmental fund). Construction of Various County Facilities At June 30, 2006, Maricopa County had contractual commitments of $16,910,574 related to major capital projects financed by the Lease Revenue Bonds, Series 2001. The related estimated cost of completion for these projects was $42,804,987. These projects are accounted for in the County Improvement Fund (nonmajor governmental fund). The County had additional contractual commitments of $3,812,266 relating to major capital projects accounted for in the Intergovernmental Capital Projects Fund (nonmajor governmental fund) and the General Fund County Improvements Fund (nonmajor governmental fund) and funded predominantly through transfers from the General Fund. The related estimated cost of completion for these projects was $41,361,188. 63 Notes to the Financial Statements (Continued) NOTE 13 – LONG-TERM LIABILITIES The following schedule details the County’s long-term liability and obligation activity for the year ended June 30, 2006. Balance July 1, 2005, as restated Governmental activities: Bonds, loans, and other payables: 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 Installment purchase agreements $101,101,501 10,812,000 5,500,000 52,735,000 4,428,888 Additions $ 3,000,000 235,458 13,507,633 892,254 Reductions Balance June 30, 2006 Due Within One Year $ 19,913,434 4,600,000 385,000 2,685,000 2,000,000 $ 81,188,067 9,212,000 5,115,000 50,050,000 2,428,888 $ 8,668,024 1,600,000 400,000 2,820,000 81,191 6,590,431 346,052 154,267 16,312,891 546,202 47,385 7,660,113 340,437 9,395,689 Total bonds, loans, and other payables Plus: bond premium 189,212,734 7,172,286 12,395,689 36,601,108 759,172 165,007,315 6,413,114 21,535,959 Total bonds, loans, and other payables 196,385,020 12,395,689 37,360,280 171,420,429 21,535,959 10,499,580 1,438,000 842,400 11,095,180 1,435,360 Other liabilities: Claims and judgments payable Reported and incurred but not reported claims 54,571,486 44,052,574 39,335,682 59,288,378 26,440,104 65,071,066 45,490,574 40,178,082 70,383,558 27,875,464 $261,456,086 $ 57,886,263 $ 77,738,362 $241,803,987 $ 49,411,423 $ $ $ $ $ Total other liabilities Governmental activities long-term liabilities Business-type activities: Bonds and other payables: Lease revenue bonds Advances from other funds Total bonds and other payables Other liabilities: Liability for closure and postclosure costs Total other liabilities Business-type activities long-term liabilities 43,499 73,000 116,499 17,129,833 17,129,833 1,854,260 1,854,260 $ 17,246,332 $ 1,854,260 $ 6,566 12,166 18,732 36,933 60,834 97,767 6,976 12,166 19,142 671,463 671,463 18,312,630 18,312,630 1,304,022 1,304,022 690,195 $ 18,410,397 $ 1,323,164 On July 1, 2005, long-term liabilities were restated for landfill closure and postclosure care costs. See Note 3 – Beginning Balances Restated for additional information. Bonds, loans, and other payables were as follows at June 30, 2006: Lease Revenue Bonds On June 1, 2001, the Maricopa County Public Finance Corporation issued $124,855,000 of Lease Revenue Bonds to pay for the acquisition, construction, and equipment for the Public Service Building, Forensic Science Center, Superior Court Customer Service Center, parking garages, and related projects. Under the terms of the bond indentures, the Corporation received the proceeds to construct and purchase these assets and the County will make lease payments to extinguish the debt. Lease payments will equal the aggregate amount of principal and interest due at that date. Upon the final lease payment, the title to the assets will transfer to the County. The County’s obligation to make lease payments will be subject to and dependent upon annual appropriations being made by the County. Bonds maturing after July 1, 2012, are subject to optional redemption in increments of $5,000 on July 1, 2011, or any date 64 Notes to the Financial Statements (Continued) 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. 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. On August 9, 2005, the Maricopa County Public Finance Corporation defeased a portion of the Lease Revenue Bonds, Series 2001, 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. This portion of the lease revenue bonds was initially entered into by the Medical Center, which was transitioned to the Maricopa County Special Health Care District, a separate legal entity, on January 1, 2005. As a result of the transition, the Medical Center transferred this obligation to the County and the District reimburses the County for the principal and interest associated with this debt in accordance with the intergovernmental agreement between the County and the District. Although the County defeased this portion of the bonds, the District is still obligated to reimburse the County for the applicable principal and interest pursuant the intergovernmental agreement. See Note 9 – Due From Other Governmental Units for additional information. The following Lease Revenue Bonds were outstanding as of June 30, 2006: DESCRIPTION AMOUNT OF ISSUE 2001 Lease Revenue Bonds 2003 Lease Revenue Refunding Bonds $ 124,855,000 16,880,000 Total $ 141,735,000 INTEREST RATES MATURITY DATES 3.80 – 5.50% 2.50 – 4.00% 7-1-06/15 7-1-06/12 OUTSTANDING AT JUNE 30, 2006 $ 70,910,000 10,315,000 $ 81,225,000 Annual debt service requirements to maturity for the County’s Lease Revenue Bonds are as follows: Year Ending June 30 2007 Principal Total Principal $ $ 12,561,077 2008 7,597,750 3,543,202 11,140,952 7,250 791 8,041 2009 7,677,476 3,213,122 10,890,598 7,524 587 8,111 2010 7,930,076 2,830,225 10,760,301 4,924 394 5,318 2011 8,354,939 2,422,198 10,777,137 5,061 238 5,299 2012 – 16 40,959,802 5,725,841 46,685,643 5,198 81 5,279 $ 81,188,067 $ 21,627,641 $ 102,815,708 36,933 $ $ 1,021 Total $ 3,893,053 $ 6,976 Business-type Activities Interest 8,668,024 Total $ Governmental Activities Interest 3,112 $ $ 7,997 40,045 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 Project will be leased to the County. On August 27, 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 65 Notes to the Financial Statements (Continued) 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% and maturing on June 1, 2011, were issued on an as needed basis. As of June 30, 2006, the County had drawn all $15,000,000 from the Lease Trust Certificates. 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, 2006, the outstanding Lease Trust Certificates and annual debt service requirements to maturity are as follows: Year Ending June 30 2007 2008 2009 2010 2011 2012 Total Governmental Activities Principal Interest 1,600,000 $ 190,489 1,600,000 283,713 1,617,000 216,720 1,700,000 147,646 1,800,000 74,760 895,000 18,638 $ $ 9,212,000 $ 931,966 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. These certificates of participation were initially entered into by the Medical Center, which was transitioned to the Maricopa County Special Health Care District, a separate legal entity, on January 1, 2005. As a result of the transition, the Medical Center transferred this obligation to the County and the District reimburses the County for the principal and interest associated with this debt in accordance with the intergovernmental agreement between the County and the District. See Note 9 – Due From Other Governmental Units for additional information. The following Certificates of Participation were outstanding at June 30, 2006: DESCRIPTION INTEREST RATES MATURITY DATES 4.80 – 5.50% 7-1-06/15 AMOUNT OF ISSUE 2000 Certificates of Participation $ 6,975,000 OUTSTANDING AT JUNE 30, 2006 $ Annual debt service requirements to maturity for certificates of participation are as follows: Year Ending June 30 2007 2008 2009 2010 2011 2012 – 16 Total $ $ 66 Governmental Activities Principal Interest 400,000 $ 253,043 420,000 233,258 445,000 212,170 465,000 189,759 490,000 166,000 2,895,000 406,884 5,115,000 $ 1,461,114 5,115,000 Notes to the Financial Statements (Continued) Stadium District Revenue Bonds Stadium District Revenue Bonds are special obligations of the District. The bonds are payable solely from pledged revenues, consisting of car rental surcharges levied and collected by the Stadium District pursuant to A.R.S. §48-4234. Under the statute, the Stadium District may set the surcharge at $2.50 on each lease or rental of a motor vehicle licensed for hire, for less than one year, and designed to carry fewer than 15 passengers, regardless of whether such vehicle is licensed in the State of Arizona. The Stadium District Board of Directors initially levied a surcharge at a rate of $1.50 beginning in January 1992 and increased the surcharge to $2.50, the maximum amount permitted by statute, in January 1993. The bonds do not constitute a debt or a pledge of the faith or credit of Maricopa County, the State of Arizona, or any other political subdivision. The payment of the bonds is enforceable solely out of the pledged revenues and no owner shall have any right to compel any exercise of taxing power of the District, except for surcharges. The bonds maturing 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, 2006: DESCRIPTION AMOUNT OF ISSUE 2002 Revenue Refunding Bonds $ 58,225,000 INTEREST RATES MATURITY DATES 4.00 — 5.375% 6-1-06/19 OUTSTANDING AT JUNE 30, 2006 $ 50,050,000 Annual debt service requirements to maturity for Stadium District bonds are as follows: Governmental Activities Year Ending June 30 Principal 2007 2008 2009 2010 2011 2012 – 16 2017 – 19 $ TOTAL 2,820,000 2,960,000 3,105,000 3,260,000 3,390,000 19,855,000 14,660,000 $ 50,050,000 Interest $ 2,603,345 2,462,344 2,314,344 2,159,094 2,028,694 7,247,756 1,603,362 $ 20,418,939 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, 2006, $8,335,000 of bonds outstanding are considered defeased as summarized below. Issue Refunded in Prior Years Outstanding Principal 1996 Senior Bonds $ 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 acquisitions 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 67 Notes to the Financial Statements (Continued) 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, 2006, the Stadium District had contractual commitments outstanding of $2,428,888 with a fixed interest rate of 7.15%. Annual debt service requirement to maturity for Stadium District contractual commitments are as follows: Governmental Activities Year Ending June 30 Principal 2007 2008 2009 2010 2011 2012 – 16 $ Total $ Interest $ 173,762 173,762 173,762 173,762 173,762 471,366 $ 1,340,176 2,428,888 2,428,888 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 East Queen Creek Water White Fence Farms th 104 Place/University Central Avenue Billings Street Marquerite Drive th 7 Street North Total $ 60,657 301,960 185,810 83,236 301,905 14,004 60,670 60,059 $ 1,068,301 INTEREST RATES MATURITY DATES 9.000% 4.875% 9.000% 9.000% 9.000% 9.000% 9.000% 8.000% 1-1-07 7-1-06/17 1-1-07/07 1-1-07/07 1-1-07/09 1-1-07/08 7-1-06/11 1-1-07/14 OUTSTANDING AT JUNE 30, 2006 $ 3,883 36,910 15,750 8,323 30,316 1,503 13,205 44,377 $ 154,267 Annual debt service requirements to maturity for special assessment debt with governmental commitment are as follows: Governmental Activities Year Ending June 30 2007 2008 2009 2010 2011 2012 – 16 2017 – 18 Total Principal $ $ 47,385 15,046 32,135 5,412 9,082 39,214 5,993 154,267 68 Interest $ $ 11,704 7,782 6,422 3,909 3,573 6,461 296 40,147 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 $ 2,638 Computer Systems and Equipment 4,861,607 Communications Equipment 519,240 Medical Equipment 84,107 Total Capital Assets 5,467,592 Accumulated Depreciation (1,310,091) Net Value of Leased Capital Assets $ 4,157,501 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, 2006. Governmental Activities Year Ending June 30 2007 $ 8,089,325 2008 5,447,154 2009 2,521,200 2010 522,406 2011 504,276 Total minimum lease payments 17,084,361 Amount representing interest (771,470) Present value of net minimum lease payments $ 16,312,891 The present value of net minimum lease payments at June 30, 2006, of $16,312,891 exceeds the total capital assets of $4,157,501 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 for the acquisition of medical equipment. These installment purchase contracts payable were initially entered into by the Medical Center, which was transitioned to the Maricopa County Special Health Care District, a separate legal entity, on January 1, 2005. As a result of the transition, the Medical Center transferred this obligation to the County and the assets purchased with the proceeds were transferred to the District. Thus, there are no County-owned assets associated with this obligation. The District reimburses the County for the principal and interest associated with this debt in accordance with the intergovernmental agreement between the County and the District. See Note 9 – Due From Other Governmental Units for additional information. 69 Notes to the Financial Statements (Continued) The following schedule details debt service requirements to maturity for the County’s installment purchase contracts payable at June 30, 2006. Governmental Activities Year Ending June 30 2007 2008 $ Total minimum payments Amount representing interest 358,051 208,863 566,914 (20,712) Present value of net minimum payments $ 546,202 Funding Source for Governmental Activities Liabilities Governmental Funds Liabilities Funding Source Lease revenue bonds County Improvement Debt Fund Lease trust certificates County Improvement Debt Fund Certificates of participation County Improvement Debt Fund Stadium District revenue bonds Stadium District Debt Service Fund (nonmajor debt service fund) Stadium District contractual obligations Ballpark Operations Fund (nonmajor special revenue fund) Special assessment debt with governmental commitment Special Assessment Fund (nonmajor debt service fund) Capital leases General Fund (96%), nonmajor special revenue funds (1%), internal Installment purchase agreements County Improvement Debt Fund Claims and judgments payable General Fund Reported and incurred but not reported claims Risk Management Fund and Employee Benefits Trust Fund service funds (3%) (internal service funds) 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, 2006, the allowable six and fifteen percent limits were $1,991,833,104 and $4,979,582,760, respectively. The County had no outstanding general obligation debt at June 30, 2006, and was therefore within the legal debt margin. 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, 2006, there were three revenue bond issues outstanding, with an aggregate principal amount payable of $165,695,000. Arbitrage Compliance The County is in compliance with all Federal arbitrage regulations for tax-exempt debt securities. As of June 30, 2006, the County had no arbitrage liability. 70 Notes to the Financial Statements (Continued) 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 Management Fund. The amount recognized each year is based on landfill capacity used at the end of each fiscal year. The landfill closure and postclosure care liability at June 30, 2006, includes the cumulative amount of $15,375,590 reported to date based on the use of 99.9 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 Management Fund. In fiscal year 2006, the liability for the cost of the remedial investigation and the feasibility study for the Hassayampa Landfill was $2,937,040. The total landfill closure and postclosure care liability of $18,312,630 is comprised of both the $15,375,590 for capacity of landfills used as of June 30, 2006, and the $2,937,040 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 2006; 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. 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, 2006. The municipal revolving line of credit was renewed to July 1, 2007 for $35,000,000. Outstanding principal and interest is due on June 30 of each year. During fiscal year 2006, the County had not borrowed against the line of credit. On July 1, 2005, the County entered into an $8,031,435 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, 2006. The letter of credit was reserved against the municipal revolving line of credit. During fiscal year 2006, the letter of credit had not been drawn upon. The irrevocable standby letter of credit was renewed to July 1, 2007, for $9,797,315. 71 Notes to the Financial Statements (Continued) On September 30, 2005, the County entered into a $7,000,000 irrevocable standby letter of credit issued to the Arizona Health Care Cost Containment System (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 matured on June 30, 2006. During fiscal year 2006, the letter of credit had not been drawn upon. The letter of credit was not renewed by the County. 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 $17,622,140 for the year ended June 30, 2006. 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, 2006, are as follows: Governmental Activities $ 12,562,346 10,328,046 8,380,725 6,617,352 4,126,692 578,914 Year Ended June 30 2007 2008 2009 2010 2011 2012 Total minimum payments required $ 42,594,075 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, expected loss, incremental paid workers’ compensation, paid allocated loss adjustment expense to paid loss development – automobile liablity, and tail liability for medical malpractice. Accrued actuarial liabilities are based on a discounted 55 percent confidence level assuming a 4.25 percent annual rate of return on investments. Accrued actuarial liabilities at June 30, 2006, for each insurable area follow: General liability Automobile liability Malpractice Workers’ compensation Property reserve Auto physical damage reserve Total $ $ 72 30,479,529 799,735 14,153,666 9,701,819 555,953 225,691 55,916,393 Notes to the Financial Statements (Continued) Changes in the unpaid claims liability reported in the Risk Management Fund follow: Year 2003-04 2004-05 2005-06 $ Balance July 1 41,047,771 42,532,613 50,490,551 $ Current-Year Claims And Changes In Estimates 8,992,628 15,923,337 17,605,701 Claims Payments $ (7,507,786) (7,965,399) (12,179,859) $ Balance June 30 42,532,613 50,490,551 55,916,393 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 2006 actuarial reports. The Consumer Choice Plan portion of the liability for pharmacy is based on the unused 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, 2006, for each insurable area follow: Pharmacy Medical Dental Short-term disability Medical incentives Total $ 1,682,985 595,000 267,000 227,000 600,000 3,371,985 $ Changes in the unpaid claims liabilities reported in the Employee Benefits Trust Fund follow: Year 2003-04 2004-05 2005-06 $ Balance July 1 2,446,904 5,139,150 4,080,935 Current-Year Claims And Changes In Estimates $ 24,840,807 33,271,440 26,446,873 $ Claims Payments (22,148,561) (34,329,655) (27,155,823) $ Balance June 30 5,139,150 4,080,935 3,371,985 Other Claims The County has exposure to the following claims areas carrying no commercial insurance: Indigent Health Care Litigation - At June 30, 2006, 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. 73 Notes to the Financial Statements (Continued) Environmental Liability - The County has estimated and reported an environmental liability of $11,095,180 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 Management Fund. There is a potential incremental liability of $27,004,820, 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 Management Fund as closure and postclosure costs. Health Care Programs The County operated three 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. On August 29, 2005, the Maricopa County Board of Supervisors approved the transfer and assignment of the Arizona Health Cost Containment System (AHCCCS) – Acute Health Care program, accounted for in the Maricopa Health Plan Fund, 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. In addition, the County discontinued the AHCCCS– Arizona Long-Term Care System program, accounted for in the ALTCS Fund, effective September 30, 2005, and all associated liabilities will remain with Maricopa County. The liability for medical claims payable of $8,448,256 presented in the Statement of Net Assets for the Proprietary Funds represents the outstanding medical claims for health care services received by these two programs’ enrollees. The incurred but not reported portion of this liability was actuarially calculated. The Senior Select program, which is accounted for in the Non-AHCCCS Health Plans Fund, was closed during fiscal year 2005 and there is no remaining claims liability associated with this program at June 30, 2006. 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 employees of the State of Arizona and employees of participating political subdivisions and school districts. 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 participating 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. 74 Notes to the Financial Statements (Continued) The Elected Officials Retirement Plan (EORP) is a cost-sharing multiple-employer defined benefit pension plan that covers State of Arizona and County elected officials and judges, and elected officials of participating cities. 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 www.azasrs.gov PSPRS, CORP, EORP 3010 E. Camelback Road, Suite 200 Phoenix, AZ 85016-4416 (602) 255-5575 www.psprs.com Funding Policy The Arizona State Legislature establishes and may amend active plan members’ and the County’s contribution rates. Cost-Sharing Plans - For the year ended June 30, 2006, active ASRS members and the County were each required by statute to contribute at the actuarially determined rate of 7.4 percent (6.9 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, 2006, 2005, and 2004 were $32,073,962, $26,449,682, and $29,855,413, 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 13 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, 2006, 2005, and 2004 were $4,464,054.43, $3,386,006, and $3,269,129, respectively, which were equal to the required contributions for the year. Agent Plans - For the year ended June 30, 2006, 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 14.11 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 15.04 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 30.35 percent. Active CORP members were required by statute to contribute 8.50 percent of the members’ annual covered payroll, and the County was required to contribute at the actuarially determined rate of 5.20 percent. 75 Notes to the Financial Statements (Continued) Annual Pension Cost - The County’s pension cost for the two agent plans for the year ended June 30, 2006, and related information follows. (Sheriff) Contribution rates: County Plan members Annual pension cost Contributions made $ $ 14.11% 7.65% 5,147,189 5,147,189 PSPRS (Investigators) $ $ 15.04% 7.65% 105,581 105,581 CORP (Park Rangers) $ $ 30.35% 7.65% 22,801 22,801 $ $ 5.20% 8.50% 3,823,853 3,823,853 The current-year annual required contributions for the PSPRS (Sheriff, Investigators, and Park Rangers) and CORP were determined as part of their June 30, 2004, actuarial valuations using the entry-age actuarial cost method. The actuarial assumptions included (a) 8.75 percent investment rate of return and (b) projected salary increases ranging from 6.25 percent to 9.25 percent per year. Both (a) and (b) included an inflation component of 5.25 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 7-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, 2004, 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, 2006 PSPRS (Sheriff) PSPRS (Investigators) PSPRS (Park Rangers) CORP Plan Year Ended June 30, 2005 PSPRS (Sheriff) PSPRS (Investigators) PSPRS (Park Rangers) CORP Plan Year Ended June 30, 2004 PSPRS (Sheriff) PSPRS (Investigators) PSPRS (Park Rangers) CORP Contributions Required and Contributions Made Percentage of APC Annual Pension Cost Contributed (APC) $ 5,147,189 105,581 22,801 3,823,853 100.0% 100.0% 100.0% 100.0% Net Pension Obligation $ Contributions Required and Contributions Made Percentage of APC Annual Pension Cost (APC) Contributed $ 100.0% 100.0% 100.0% 100.0% 3,523,430 70,444 8,907 1,700,476 Net Pension Obligation $ Contributions Required and Contributions Made Percentage of APC Annual Pension Cost (APC) Contributed $ 2,360,677 57,649 27,507 1,220,978 100.0% 100.0% 100.0% 100.0% 76 0 0 0 0 0 0 0 0 Net Pension Obligation $ 0 0 0 0 Notes to the Financial Statements (Continued) NOTE 19 – INTERFUND BALANCES AND ACTIVITY Interfund receivables and payables – interfund balances at June 30, 2006, were as follows: Payable from ALTCS Fund Maricopa Health Plan Fund Nonmajor Governmental Funds Internal Service Funds Total Due From General Fund 1,428,750 5,650,602 3,934,727 1,626,754 $ 12,640,833 $ Payable to Nonmajor Governmental Funds $ $ 7,482,865 $ 7,482,865 $ Total Due To 1,428,750 5,650,602 11,417,592 1,626,754 20,123,698 All interfund receivables and payables represent cash deficits that were the result of timing differences from grant revenues received in the subsequent year and cash transfers that had not occurred at June 30, 2006. Interfund transfers – interfund transfers for the year ended June 30, 2006, were as follows: Transfers In General Fund Transfers Out General Fund $ Detention Operations Fund Nonmajor Governmental Funds Total Transfers In $ Detention Operations Fund County Improvement Debt Fund Maricopa Health Plan Fund ALTCS Fund Nonmajor Enterprise Fund Nonmajor Governmental Funds $ 145,724,861 $ 4,116,017 $ 4,808,761 $ 35,129,812 $ 3,496,967 $ 211,615 211,615 $ 145,724,861 $ 4,116,017 $ 4,808,761 $ 35,129,812 $ 3,496,967 $ Total Transfers Out 15,684,550 $ 14,977,841 133,289,715 163,952,106 $ 208,960,968 14,977,841 133,501,330 357,440,139 All interfund transfers are budgeted and are used to move revenues from the fund that collects them to the fund that expends them. The interfund receivables, payables, and transfers by fund are as follows: Due From Other Funds Funds MAJOR FUNDS General Fund $ 12,640,833 Due To Other Funds $ $ Special Revenue Fund Detention Operations 211,615 145,724,861 Debt Service Fund County Improvement Debt Transfers Out $ 208,960,968 14,977,841 4,116,017 Enterprise Funds ALTCS Maricopa Health Plan NONMAJOR FUNDS Special Revenue Funds Air Quality Grants Ballpark Operations Cactus League Operations CDBG Housing Trust Clerk of the Court Grants Correctional Health Grants Events Center Flood Control Human Services Grants Parks Donations Parks Enhancement Parks Souvenir Transfers In 1,428,750 5,650,602 8,894 1,195,854 120,377 794 254,875 237,577 7,118 132 4,808,761 35,129,812 3,267,653 1,217,725 6,642,000 61,792,583 1,064,908 69,169 77 88,500 187,284 69,169 Notes to the Financial Statements (Continued) Due From Other Funds Funds Due To Other Funds Public Defender Grants Public Health Fees Public Health Research and Reporting School Grants Sheriff Grants Sheriff Jail Enhancement Sheriff RICO Transportation Grants Transportation Operations Transfers In Transfers Out 15,916 29,040 1,355,510 8,100 150,975 1,351 274,908 721 13,195 133,608 66,727,441 Debt Service Fund Stadium District Debt Service 1,217,725 Capital Projects Funds Detention Capital Projects Flood Control Capital Projects General Fund County Improvements Intergovernmental Capital Projects Long Term Project Reserve Special Improvement District Transportation Capital Projects 14,977,841 61,762,926 14,300,000 244,801 3,267,653 6,642,000 615,610 758,370 73,601 72,178 758,370 66,727,441 Enterprise Fund Non-AHCCCS Health Plans 3,496,967 Internal Service Funds Equipment Services Sheriff Warehouse Total 1,105,212 521,542 $ 20,123,698 $ 20,123,698 $ 357,440,139 $ 357,440,139 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, 2006, through disproportionate share settlements established by Laws 2005, First Regular Session, Chapter 286 and Laws 2006, Second Regular Session, Chapter 316. AHCCCS was directed to distribute such settlements based on various qualifying criteria and allocation processes. Laws 2005 and 2006 appropriated disproportionate share settlement amounts to be distributed to the hospitals for fiscal year ended June 30, 2006. Pursuant to ARS §§36-2903.01 and 48-5561.01, the Maricopa County Special Health Care District, a separate legal entity, received disproportionate share settlements from the County’s sales tax distributions for indigent patient care. Further, pursuant to ARS §48-5561.01 the disproportionate share settlements deducted from the County’s sales tax distributions were reimbursed to the County General Fund by the Maricopa County Special Health Care District. The total withheld from the County’s sales tax distributions and subsequently reimbursed by the Maricopa County Special Health Care District was $79,529,500. The Maricopa County Special Health Care District’s share of the settlement for the year ended June 30, 2006, totaled $83,731,800. However, Laws 2005 also mandated the reimbursement of $79,529,500 through the State Treasurer to the State General Fund. NOTE 21 – SUBSEQUENT EVENTS On May 8, 2007, the Maricopa County Public Finance Corporation issued Lease Revenue Bonds, Series 2007A, in the amount of $108,100,100 (par value) with an interest rate ranging from 3.5% to 5.0% and maturing on July 1, 2031. The net proceeds will be used for the acquisition, construction and equipment for the Southwest Justice Court Facility, Southeast Justice Court Facility, Durango Animal Care and Control Facility, One West Madison Justice Court Facility, San Tan Justice Court Facility, Central Court Building Renovation, and related projects. These bonds were issued at a premium of $622,246. Bond proceeds, including the premium, were used to pay the cost of issuance expense of $1,222,246. 78 Notes to the Financial Statements (Continued) On May 8, 2007, the Maricopa County Public Finance Corporation issued Lease Revenue Refunding Bonds, Series 2007B, in the amount of $32,840,000 (par value) with an interest rate ranging from 4.0% to 5.0%, maturing on July 1, 2015, and issued at a premium of $973,842. The net proceeds, along with $860,000 of additional County funds, were used to advance refund certain portions of Lease Revenue Bonds, Series 2001, which mature on July 1, 2012 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. The total principal refunded was $32,215,000. 79 80 Financial Section Required Supplementary Information Required Supplementary Information Maricopa County Required Supplementary Information Budgetary Comparison Schedule General Fund For the Fiscal Year Ended June 30, 2006 Variance With Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes $ Licenses and permits 383,058,771 $ 383,058,771 $ 378,705,924 $ (4,352,847) 1,854,000 1,854,000 2,349,225 495,225 614,341,666 632,505,224 694,985,737 62,480,513 Charges for services 28,009,400 28,074,254 33,156,417 5,082,163 Fines and forfeits 12,457,158 6,839,820 12,456,658 6,884,380 15,646,209 22,714,172 3,189,551 15,829,792 1,046,560,815 1,064,833,287 1,147,557,684 82,724,397 General government 300,940,927 267,244,143 132,714,920 134,529,223 Public safety 338,233,463 369,914,049 363,057,473 6,856,576 Health, welfare and sanitation 314,116,750 331,646,498 303,832,165 27,814,333 1,499,798 1,605,419 1,466,743 138,676 2,151,567 39,055,334 2,210,611 22,477,689 1,981,911 12,595,232 228,700 9,882,457 995,997,839 995,098,409 815,648,444 179,449,965 50,562,976 69,734,878 331,909,240 262,174,362 9,541,283 (162,437,732) 9,541,283 (205,592,978) 9,343,324 (208,960,968) (197,959) (3,367,990) (152,896,449) (196,051,695) (199,617,644) (3,565,949) (102,333,473) (126,316,817) 132,291,596 258,608,413 102,333,473 126,533,473 431,277,454 1,610,074 565,179,124 304,743,981 1,610,074 564,962,468 Intergovernmental Miscellaneous Total revenues EXPENDITURES Current: Culture and recreation Education Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing uses Net change in fund balances Fund balance – beginning of period Increase in reserve for inventory of supplies Fund balance – ending of period $ $ 216,656 The notes to the budgetary comparison schedules are an integral part of this schedule. 83 $ $ Maricopa County Required Supplementary Information Budgetary Comparison Schedule by Department General Fund For the Fiscal Year Ended June 30, 2006 GENERAL GOVERNMENT County Assessor Board Of Supervisors Chief Information Officer County Call Center County Managers Office Elections Employee Health Initiatives Facilities Management Finance Human Resources Internal Audit Management & Budget Materials Management Recorder Treasurer General Government Total General Government Budgeted Amounts Original Final $ 50,990,463 29,120,364 1,973,615 3,625,413 61,753,550 236,087 12,834,098 7,616,749 5,931,948 17,280,266 7,296,995 35,779,980 2,275,920 60,924,154 72,665,435 370,305,037 $ 544,023 379,891 1,804,486 317,408,583 2,645,578 9,075,286 331,857,847 $ 375,193 1,738,045 301,233,694 2,067,234 8,788,496 314,202,662 CULTURE AND RECREATION Parks and Recreation 1,526,694 1,619,319 1,475,549 143,770 EDUCATION Superintendent of Schools 2,165,072 2,210,611 1,981,911 228,700 HEALTH, WELFARE AND SANITATION Air Quality Animal Control Services Environmental Services Health Care Mandates Human Services Public Health Total Health, Welfare and Sanitation Total General Fund Expenditures $ $ $ 18,118,945 2,069,468 5,623,616 1,555,385 1,996,561 7,255,771 2,326,033 11,660,411 3,086,638 3,150,296 1,109,254 2,777,491 1,489,584 2,114,696 4,147,293 267,957,840 336,439,282 $ 50,303,044 26,383,155 1,908,645 3,580,435 57,520,494 233,760 11,680,865 7,431,420 4,923,739 14,162,317 6,794,249 32,831,396 2,186,245 54,588,802 67,135,563 341,664,129 $ Actual Amounts 20,249,744 2,188,206 5,823,525 1,611,454 2,079,770 7,815,367 2,368,871 12,162,305 3,697,664 3,233,949 1,173,227 3,061,734 1,695,203 2,169,770 4,425,400 215,349,406 289,105,595 PUBLIC SAFETY Adult Probation Clerk Of Superior Court Constables Correctional Health County Attorney Emergency Management Juvenile Probation Legal Defender Medical Examiner Office Contract Counsel Office Of Legal Advocate Public Defender Public fiduciary 340 Sheriff general fund 500 Trial courts 800 Total Public Safety $ Variance With Final Budget Positive (Negative) $ $ $ $ $ 995,997,839 $ 995,098,409 The notes to the budgetary comparison schedules are an integral part of this schedule. 84 $ $ $ 19,715,014 1,998,208 5,730,273 1,471,926 2,053,473 7,815,367 2,030,467 11,268,000 3,349,834 3,180,689 1,122,595 2,832,036 1,672,128 2,169,770 4,276,789 73,607,874 144,294,443 $ 50,180,542 29,118,745 1,973,695 2,348,102 60,026,890 234,377 12,088,458 7,592,703 5,739,889 17,246,008 7,281,896 35,703,765 2,257,653 59,269,113 72,664,411 363,726,247 $ 411,692 370,128 1,541,847 290,773,619 2,645,578 8,427,430 304,170,294 $ 815,648,444 $ $ 534,730 189,998 93,252 139,528 26,297 0 338,404 894,305 347,830 53,260 50,632 229,698 23,075 0 148,611 141,741,532 144,811,152 809,921 1,619 (80) 1,277,311 1,726,660 1,710 745,640 24,046 192,059 34,258 15,099 76,215 18,267 1,655,041 1,024 6,578,790 132,331 9,763 262,639 26,634,964 647,856 27,687,553 $ 179,449,965 Maricopa County Required Supplementary Information Budgetary Comparison Schedule Detention Operations Fund For the Fiscal Year Ended June 30, 2006 Variance With Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes $ Intergovernmental Charges for services Miscellaneous Total revenues 121,632,044 $ 121,632,044 $ 137,876,660 $ 16,244,616 26,262,947 26,262,947 25,751,229 (511,718) 8,900 110,000 8,900 110,000 6,544 2,654,061 (2,356) 2,544,061 148,013,891 148,013,891 166,288,494 18,274,603 317,093,942 10,499,617 315,471,251 12,013,994 241,641,260 8,401,759 73,829,991 3,612,235 327,593,559 327,485,245 250,043,019 77,442,226 (179,579,668) (179,471,354) (83,754,525) 95,716,829 145,724,861 (14,977,841) 145,724,861 (14,977,841) 145,724,861 (14,977,841) 130,747,020 130,747,020 130,747,020 (48,832,648) (48,724,334) 46,992,495 95,716,829 67,177,774 67,177,774 76,746,745 83,166 123,822,406 9,568,971 83,166 105,368,966 EXPENDITURES Current: Public safety Capital outlay Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources Net change in fund balances Fund balance – beginning Increase in reserve for inventory of supplies Fund balance– ending $ 18,345,126 $ 18,453,440 The notes to the budgetary comparison schedules are an integral part of this statement. 85 $ $ Maricopa County Required Supplementary Information Notes to Budgetary Comparison Schedules June 30, 2006 Note 1 Budgetary Basis of Accounting Budgeting and Budgetary Control Arizona Revised Statutes (A.R.S.) requires the County to prepare and adopt a balanced budget annually for each governmental fund. The Board of Supervisors must approve such operating budgets on or before the third Monday in July to allow sufficient time for the legal announcements and hearings required for the adoption of the property tax levy on the third Monday in August. A.R.S. prohibit expenditures or liabilities in excess of the amounts budgeted. Essentially, the County prepares its budget on the same modified accrual basis of accounting used to record actual revenues and expenditures. The County has adopted budgets in accordance with the A.R.S. requirements for the General, Special Revenue, Debt Service, and Capital Projects Funds, except for certain Special Revenue, Debt Service, and Capital Projects Funds. In accordance with GASB Statement No. 34, budgetary comparison schedules should be presented in the required supplementary information for only the General Fund and for each major Special Revenue Fund. Formal budget integration is not employed for the Proprietary Funds because effective budgetary control is alternatively achieved through capability of cost recovery. Budgeted amounts are reported as originally adopted and as amended by authorization from the Board of Supervisors. All budget adjustments with the exception of the Judicial Branch, which includes Adult Probation, Justice Courts, Juvenile Probation and Superior Court, require authorization from the Board of Supervisors. The Judicial Branch appropriations can be moved between the Judicial Branch departments by fund, as requested and approved by the Presiding Judge, without further Board approval. Budgeted appropriations include expenditures and transfers out. Expenditures and transfers out may not legally exceed appropriations at the department level. With the exception of the General Fund, each fund includes only one department. The County budget is prepared on a basis consistent with generally accepted accounting principles, except expenditures from capital lease proceeds and capital outlay expenditures resulting from capital lease agreements were not budgeted in the General Fund. In addition, General Fund indirect costs recovery 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 schedules 86 $ 331,645,260 (9,131,709) 9,395,689 $ 331,909,240 Maricopa County Required Supplementary Information Notes to Budgetary Comparison Schedules (Continued) June 30, 2006 Note 2 Expenditure in Excess of Appropriations For the year ended June 30, 2006, expenditures exceeded final budget amounts at the department level (the legal level of budgetary control) as follows: Fund/Department General Fund: Constables Expenditures in excess of appropriations Excess $ $ 80 80 In the future years, the County will closely monitor department spending, especially at year-end, to ensure that expenditures do not exceed the final approved budget. 87 Maricopa County Required Supplementary Information Schedule of Agent Retirement Plans’ Funding Progress For the Fiscal Year Ended June 30, 2006 Public Safety Personnel Retirement System Actuarial Valuation Date Sheriff 6/30/2006 6/30/2005 6/30/2004 $ Actuarial Valuation Date Park Rangers 6/30/2006 6/30/2005 6/30/2004 (2) (3) (4) (5) Actuarial Value of Plan Assets Actuarial Accrued Liability (AAL) Funding (Liability) Excess (1)-(2) Funded Ratio (1)/(2) Annual Covered Payroll $ 234,335,788 212,059,264 188,073,440 $ (57,761,766) (38,266,390) (15,660,026) (1) (2) (3) (4) (5) Actuarial Value of Plan Assets Actuarial Accrued Liability (AAL) Funding (Liability) Excess (1)-(2) Funded Ratio (1)/(2) Annual Covered Payroll (6) Unfunded Liability as a Percentage of Covered Payroll (3)/(5) 735,348 568,063 851,891 (268.5%) (270.8%) (54.8%) $ 176,574,022 173,792,874 172,413,414 Actuarial Valuation Date Investigators 6/30/2006 6/30/2005 6/30/2004 (1) $ 4,712,273 4,797,091 4,966,109 $ 6,686,500 6,335,283 5,433,252 $ (1,974,227) (1,538,192) (467,143) 75.4% 82.0% 91.7% 70.5% 75.7% 91.4% $ 36,482,164 33,044,707 30,216,539 $ (6) Unfunded Liability as a Percentage of Covered Payroll (3)/(5) (158.3%) (115.8%) (51.8%) (1) (2) (3) (4) (5) Actuarial Value of Plan Assets Actuarial Accrued Liability (AAL) Funding (Liability) Excess (1)-(2) Funded Ratio (1)/(2) Annual Covered Payroll (6) Unfunded Liability as a Percentage of Covered Payroll (3)/(5) (646,613) (471,359) (335,083) 63.8% 71.4% 78.0% 58,609 109,426 106,162 (1,103.3%) (430.8%) (315.6%) 1,139,171 1,179,036 1,188,032 $ 1,785,784 1,650,395 1,523,115 $ $ Corrections Officer Retirement Plan (1) (2) (3) (4) (5) Actuarial Valuation Date Actuarial Value of Plan Assets Actuarial Accrued Liability (AAL) Funding (Liability) Excess (1)-(2) Funded Ratio (1)/(2) Annual Covered Payroll 6/30/2006 6/30/2005 6/30/2004 $ 126,514,529 115,904,413 109,740,199 $ 143,415,991 118,153,647 103,874,650 $(16,901,462) (2,249,234) 5,865,549 88 88.2% 98.1% 105.6% $ 76,431,091 64,454,423 45,405,179 (6) Unfunded Liability as a Percentage of Covered Payroll (3)/(5) (22.1%) (3.5%) N/A Maricopa County Required Supplementary Information Modified Approach for Infrastructure Assets For the Fiscal Year Ended June 30, 2006 Condition Rating of Maricopa County Roadway System Percentage of Lane Miles in Very Good or Excellent Condition (71-100) Roadway System FY 2005 85% FY 2006 83% FY 2004 90% FY 2003 95% FY 2002 95% Percentage of Lane Miles in Substandard Condition < 55 FY 2006 FY 2005 FY 2004 FY 2003 FY 2002 3% 3% 3% 1% 2% Roadway System Comparison of Estimated to Actual Maintenance/Preservation FY 2006 Estimated $ 7,503,436 Actual $ 7,562,303 FY 2005 $ $ 6,810,821 5,026,451 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 75% 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 more roads are measured with this device, the County must re-assess the condition rating policies to a reasonable level. As a result, the County’s policy of maintaining a certain percentage of lane miles in very good or excellent condition decreased from 85% in fiscal year 2005 to 75% in fiscal year 2006. 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. Condition Rating of Maricopa County Bridge System Percentage of Bridges with a Sufficiency Rating >= 70 Bridge System FY 2006 98% FY 2005 99% FY 2004 99% FY 2003 99% FY 2002 97% Percentage of Bridges with a Sufficiency Rating < 50 Bridge System FY 2006 0% FY 2005 0% FY 2004 0% FY 2003 0% FY 2002 1% Comparison of Estimated to Actual Maintenance/Preservation Estimated Actual FY 2006 $ 241,724 $ 86,822 $ $ 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). . 89 90 Financial Section Nonmajor Governmental Funds Combining and Individual Fund Statements and Schedules Nonmajor Governmental Funds Maricopa County Listing of Nonmajor Governmental Funds Special Revenue Funds Accommodation Schools — (Fund 509) Accounts for the maintenance and operations of the accommodation schools. Adult Probation Fees — (Fund 201) 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). Adult Probation Grants — (Fund 211) Revenues consist of grant funds that are used for domestic violence, women’s treatment programs, gang prevention and criminal justice records improvement. Air Quality Fees — (Fund 504) Air Quality works to protect the environment and public health through control, preservation, and improvement of the County’s air quality. Permit revenue is the funding source. Air Quality Grants — (Fund 503) Air Quality Grants was set up to account for all grant activity administered by the Air Quality Department. Animal Control Field Operations — (Fund 574) Accounts for the Animal Control field services that are an optional County service from Animal Control pound activities, which are required by Arizona State Statute. Animal Control Grants — (Fund 573) Animal Control Grants was set up to account for all grant activity administered by Animal Control. Animal Control License/Shelter — (Fund 572) 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. Ballpark Operations — (Fund 253) Accounts for all revenues and expenditures related to Chase Field. Cactus League Operations — (Fund 250) 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. CDBG Housing Trust — (Fund 217) 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. Check Enforcement Program — (Fund 266) Accounts for fees that are collected pursuant to A.R.S. §13-1809 and §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 A.R.S. section § 13-1802, §13-1807, §13-2002 or § 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. Child Support Enhancement — (Fund 270) 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 — (Fund 281) 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 Fill the Gap — (Fund 218) 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 the Court EDMS — (Fund 274) 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). 93 Maricopa County Listing of Nonmajor Governmental Funds (Continued) Clerk of the Court Grants — (Fund 216) 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. Conciliation Court Fees — (Fund 257) Accounts for monies collected under A.R.S. §25-311 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 — (Fund 292) 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 Fill the Gap — (Fund 221) County Attorney Fill the Gap was set up as indicated by A.R.S. §412421F 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 — (Fund 219) 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 RICO — (Fund 213) Accounts for the funds provided by the sale of confiscated properly. Operated by the County Attorney, RICO consists of all the activity of the Anti-Racketeering Program. Court Document Retrieval — (Fund 205) 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. §12-284.03. Criminal Justice Enhancement — (Fund 267) Accounts for monies that are allocated to the county attorneys from the Arizona State Criminal Justice Enhancement fund (A.R.S. §41-2401). The funds are to be used for the purpose of enhancing prosecutorial efforts. Del Webb Special Revenue — (Fund 235) Accounts for the revenue received from the Del Webb Anthem community that is restricted to expenditure for development services and recreational services supporting the community. Diversion — (Fund 220) Pursuant to A.R.S. §13-811, funds are utilized for the investigation, prosecution and deferred prosecution of bad check cases. Domestic Relations Mediation Education — (Fund 282) 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. §12-284. Elections Grants — (Fund 248) Elections Grants was set up to account for all grant activity administered by the Elections Department. Emergency Management — (Fund 215) Emergency Management activity consists of disaster planning and training. Environmental Services Environmental Health — (Fund 506) 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 — (Fund 505) Environmental Services Grants was set up to account for all grant activity administered by the County Environmental Services Department. Events Center — (Fund 375) Accounts for Maricopa County Events Center revenues and expenditures associated with staging entertainment events. 94 Maricopa County Listing of Nonmajor Governmental Funds (Continued) Expedited Child Support — (Fund 271) 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 — (Fund 991) 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. General Government Grants — (Fund 249) General Government Grants was set up to account for all non-department specific grant activity. Human Services Grants — (Fund 222) Accounts for the grant funds that are utilized for community action services designed to help the disadvantaged achieve self-sufficiency and family stability. Inmate Health Services — (Fund 254) Accounts for the co-payments received from inmates for self initiated health service pursuant to A.R.S. §30-161 and A.R.S. §31-162. Inmate Services — (Fund 252) 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 inmates. Judicial Enhancement — (Fund 208) 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. Justice Court Judicial Enhancement — (Fund 204) 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. Justice Court Special Revenue — (Fund 245) 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. Juvenile Probation Diversion — (Fund 275) 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 — (Fund 227) Accounts for the grant funds that are utilized for the child nutrition program, family counseling and safe schools program Juvenile Probation Special Fees — (Fund 228) 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 — (Fund 229) 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. Lake Pleasant Recreation Services — (Fund 240) 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. Law Library Fees — (Fund 261) 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. 95 Maricopa County Listing of Nonmajor Governmental Funds (Continued) Legal Defender Fill the Gap — (Fund 263) 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 District — (Fund 244) Provides and maintains library services for the residents of Maricopa County. Operations are funded by a secondary tax levy. Library District Grants — (Fund 242) Library District Grants was set up to account for all grant activity administered by the County Library District. Medical Examiner Grants — (Fund 224) Medical Examiner Grants was set up to account for all grant activity administered by the department of the Medical Examiner. Palo Verde — (Fund 207) 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 — (Fund 230) Accounts for the grant funds that are utilized for state lake improvements, park restoration and the construction and maintenance of hiking trails. Parks Donations — (Fund 243) Accounts for donations and contributions activities provided for by citizens or groups. Parks Enhancement — (Fund 241) Accounts for park and recreation revenues and expenditures associated with enhancing parks and recreation programs pursuant to A.R.S. §11-941. Parks Souvenir — (Fund 239) Accounts for sales proceeds of sundry items at the Maricopa County Parks. Parks Spur Cross Ranch Conservation — (Fund 225) Accounts 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 Fees — (Fund 226) Performs mandated community planning functions. provided mainly through license and impact fees. Funding is Probate Fees — (Fund 256) Administers the monies received by the Clerk of the Superior 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 — (Fund 262) 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 — (Fund 233) Accounts for grant funds that are utilized for public defender training and to increase the processing of drug cases. Public Defender Training — (Fund 209) 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 — (Fund 532) 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 Fees — (Fund 265) Accounts for public health programs that are self-supported by Vital Health fees and pharmacy operations. Recorder’s Surcharge — (Fund 236) 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. 96 Maricopa County Listing of Nonmajor Governmental Funds (Continued) Research and Reporting — (Fund 260) Accounts for the activity of governmental research projects that are billed back to the municipalities contracting for these services on a cost reimbursement basis. School Communication Expense — (Fund 782) Used as a clearing account for T1 telecommunication lines, which are purchased by school headquarters and are shared by all school districts. Individual districts reimburse headquarters for the cost of the T1 lines. School Grants — (Fund 715) Accounts for the special education services provided to small schools as established by A.R.S. §15-365. Sheriff Donations — (Fund 203) 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 — (Fund 251) Accounts for grant funds that are utilized for patrolling lakes, improving the fingerprinting system, and enhancing DUI and overall traffic enforcement capabilities. Sheriff Jail Enhancement — (Fund 214) Accounts for and segregates enhancements to County jail facilities and operations pursuant to A.R.S. §41-2401. Sheriff RICO — (Fund 212) 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. Spousal Maintenance Enforcement Enhancement — (Fund 276) The Spousal Maintenance Enforcement Enhancement 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. Street Lighting District — (Fund 992) Provides street lighting in unincorporated areas of Maricopa County. Operations are funded by special assessment. Superior Court Fill the Gap — (Fund 264) 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. Taxpayer Information — (Fund 741) 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 Grants — (Fund 223) Transportation Grants was set up to account for all grant activity administered by the County Transportation Department. Transportation Operations — (Fund 232) Plans and implements an environmentally balanced multi-model transportation system. Operations are funded through highway user taxes. Trial Court Grants — (Fund 238) Grant funds are used for drug enforcement accounting, court appointed special advocates and case processing assistance. Trial Court Special Revenue — (Fund 259) Accounts for monies received under an intergovernmental agreement with the Department of Economic Security to conduct Title IV-D child support enforcement enhancements. Victim Compensation Interest — (Fund 269) 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. Victim Compensation Restitution — (Fund 268) 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. 97 Maricopa County Listing of Nonmajor Governmental Funds (Continued) Victim Location — (Fund 273) 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 Management — (Fund 210) 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. Waste Tire — (Fund 290) Accounts for the operations activity of the waste tire processing center for the removal of waste tires from the County pursuant to A.R.S. §44-1305. Debt Service Funds Special Assessment — (Fund 994) To account for debt service on special assessment bonds. Funding is provided by special assessments made against the benefiting property owners. Stadium District Debt Service — (Fund 370) To account for debt service on Stadium District revenue bonds. Capital Projects Funds County Improvement — (Fund 435) Accounts for capital projects funded through the issuance of the Lease Revenue Bonds, Series 2001. Detention Capital Projects — (Fund 455) Accounts for Construction associated with the 1/5 of one-cent sales tax approved by voters in the General Election on November 3, 1998. Funding is provided by transfers from the Detention Operations Fund for construction of the adult and juvenile detention facilities. Flood Control Capital Projects — (Fund 990) 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 Improvements — (Fund 445) Accounts for capital projects funded by transfers from the General Fund. Intergovernmental Capital Projects — (Fund 422) Accounts for capital project spending predominantly funded from General Fund revenues. Long Term Project Reserve — (Fund 450) Accounts for sales tax (Stadium Tax) proceeds collected in excess of the $238,000,000 cap imposed by County Board Resolution. Special Improvement Districts — (Fund 993) Accounts for capital projects financed by the issuance of special assessment bonds. Transportation Capital Projects — (Fund 234) 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. 98 99 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds June 30, 2006 SPECIAL REVENUE FUNDS Animal Accommodation Schools Adult Adult Air Air Control Probation Fees Probation Grants Quality Fees Quality Grants Field Operations ASSETS Cash in bank and on hand $ $ $ $ 700 $ $ Cash and investments held by County Treasurer 6,508,305 Receivables 196,626 34,366 8,356,307 942,905 40,706 5,472 Due from other funds Due from other governmental units 248,183 Inventories 1,735,197 33,410 Miscellaneous 1,662,565 Cash and investments held by trustee restricted Total assets $ 1,695,975 $ 6,542,671 $ 444,809 $ $ 575,865 $ 157,019 $ 114,664 $ 8,397,713 $ 97,164 $ 1,735,197 $ 97,156 $ 948,377 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable Employee compensation 231,731 Accrued liabilities 671,321 294,391 122,883 209,421 46,821 110 Due to other funds Due to other governmental units 5,240 68,624 1,195,854 139,252 Interest payable Special assessment debt with governmental commitment Deferred revenue 333,460 371,178 1,009,935 Deposits held for other parties Total liabilities 451,410 608,725 306,585 2,349,876 73,864 (289,064) 6,091,261 (163,916) 8,091,128 (614,679) 874,513 (255,654) 6,091,261 (163,916) 8,091,128 (614,679) 874,513 1,951,629 Fund balances: Reserved for inventories 33,410 Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 1,695,975 $ 6,542,671 100 $ 444,809 $ 8,397,713 $ 1,735,197 $ 948,377 SPECIAL REVENUE FUNDS Animal Animal Control Grants Control License/Shelter $ $ 2,720 Ballpark Operations $ Cactus CDBG Check Child League Operations Housing Trust Enforcement Program Support Enhancement $ $ 535,507 1,727,993 2,814,734 2,679,663 2,942 10,095 15,916 15,013 100 $ 450 $ 303,215 259,910 8,894 284,440 29,416 123,182 $ 538,449 $ 1,770,224 $ 2,962,726 $ $ 5,686 $ 170,192 $ 36,726 $ 2,357 121,542 $ 284,540 $ $ 204,691 $ 11,413 119 8,043 2,694,676 14,253 303,665 $ 259,910 995 $ 17,708 14,144 7,024 291,853 120,377 794 254,875 175,540 794 473,819 15,139 17,708 29,416 $ 530,406 1,448,955 2,787,186 2,693,882 (189,279) 288,526 242,202 530,406 1,478,371 2,787,186 2,693,882 (189,279) 288,526 242,202 538,449 $ 1,770,224 $ 2,962,726 $ 2,694,676 $ 284,540 $ 303,665 $ 259,910 (continued on next page) 101 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2006 SPECIAL REVENUE FUNDS Children’s Clerk of Clerk of Clerk of Conciliation Issues Education Court Fill the Gap the Court EDMS the Court Grants Court Fees ASSETS Cash in bank and on hand $ $ $ $ $ Cash and investments held by County Treasurer 220,102 444,212 1,025,094 Receivables 653,599 4,360 Due from other funds Due from other governmental units 291,714 Inventories Miscellaneous Cash and investments held by trustee restricted Total assets $ 220,102 $ 444,212 $ 1,029,454 $ 6,000 $ 291,714 $ 86 $ 653,599 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable $ Employee compensation $ $ 3,395 44,102 60,987 8,106 61,946 Accrued liabilities Due to other funds 237,577 Due to other governmental units Interest payable Special assessment debt with governmental commitment Deferred revenue 139,032 Deposits held for other parties Total liabilities 3,395 44,102 66,987 384,801 61,946 216,707 400,110 962,467 (93,087) 591,653 216,707 400,110 962,467 (93,087) 591,653 Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 220,102 $ 444,212 102 $ 1,029,454 $ 291,714 $ 653,599 SPECIAL REVENUE FUNDS Correctional County County County Court Criminal Del Webb Health Grants Attorney Fill the Gap Attorney Grants Attorney RICO Document Retrieval Justice Enhancement Special Revenue $ $ $ $ $ 897,390 901,033 2,076,428 5,006 2,887 96,507 118,502 $ 206,017 $ 1,255,517 663,014 7,034 3,486 204,313 92,210 $ 118,502 $ $ 111,001 $ 902,396 $ $ 43,363 1,200,443 $ 4,590 $ 2,172,935 $ 206,017 $ 166,661 $ 1,262,551 $ $ 666,500 $ 34,358 41,564 6,384 7,118 516 1,220,876 629,981 $ 118,635 43,363 1,392,127 629,981 34,358 41,564 6,384 (133) 859,033 (191,684) 1,542,954 171,659 1,220,987 660,116 (133) 859,033 (191,684) 1,542,954 171,659 1,220,987 660,116 118,502 $ 902,396 $ 1,200,443 $ 2,172,935 $ 206,017 $ 1,262,551 $ 666,500 (continued on next page) 103 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2006 SPECIAL REVENUE FUNDS Domestic Environmental Relations Services Mediation Education Diversion Elections Grants Emergency Management Environmental Health ASSETS Cash in bank and on hand $ $ $ $ $ Cash and investments held by County Treasurer 933,476 Receivables 208,575 68,229 70,775 4,532,328 5,273 25,638 Due from other funds Due from other governmental units 287,841 Inventories Miscellaneous Cash and investments held by trustee restricted Total assets $ 938,749 $ $ 55,467 $ 208,575 $ 68,229 $ 358,616 $ 4,557,966 $ 46,574 $ 318,043 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable Employee compensation $ 4,339 5,921 21,569 362,171 Accrued liabilities Due to other funds Due to other governmental units Interest payable Special assessment debt with governmental commitment Deferred revenue 429,900 Deposits held for other parties Total liabilities 59,806 5,921 878,943 202,654 878,943 202,654 498,043 680,214 68,229 (139,427) 3,877,752 68,229 (139,427) 3,877,752 Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 938,749 $ 208,575 104 $ 68,229 $ 358,616 $ 4,557,966 SPECIAL REVENUE FUNDS Environmental Expedited Services Grants $ Events Center Child Support $ $ 8,157 Flood Control $ 338,629 50 General Human Inmate Governmental Grants Services Grants Health Services $ 866,346 $ 5,352 $ 378,168 326,085 1,981,261 6,642,000 7,931,445 6,425,750 247,086 11,971 1,613 $ 8,157 $ $ $ $ $ 338,629 $ 17,669,801 $ $ 5,108,293 $ 12,886 378,168 $ 6,431,102 $ $ 1,400,696 $ 415,303 338,056 483,962 29,685 132 1,064,908 132 12,886 1,295,977 8,253,549 6,849,258 11,203,115 247,086 $ 8,157 (132) 325,743 10,573,457 378,168 (4,772,013) 338,056 8,157 (132) 325,743 10,820,543 378,168 (4,772,013) 338,056 8,157 $ $ 338,629 $ 17,669,801 $ 378,168 $ 6,431,102 $ 338,056 (continued on next page) 105 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2006 SPECIAL REVENUE FUNDS Justice Inmate Services Judicial Enhancement Justice Court Court Juvenile Judicial Enhancement Special Revenue Probation Diversion ASSETS Cash in bank and on hand $ $ $ $ $ Cash and investments held by County Treasurer Receivables 18,177,101 1,757,716 2,326,470 3,785,163 655,691 102,405 9,980 12,949 19,846 3,466 Due from other funds Due from other governmental units Inventories Miscellaneous 612,564 Cash and investments held by trustee restricted Total assets $ 18,892,070 $ 1,767,696 $ $ 688,232 $ 108,282 $ 2,339,419 $ 3,805,009 $ 7,799 $ 12,025 $ 659,157 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable Employee compensation 54,364 Accrued liabilities 70 31,153 12,450 44,411 7,722 743,010 139,435 20,249 56,436 7,792 18,149,060 1,628,261 2,319,170 3,748,573 651,365 18,149,060 1,628,261 2,319,170 3,748,573 651,365 414 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 Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 18,892,070 $ 1,767,696 106 $ 2,339,419 $ 3,805,009 $ 659,157 SPECIAL REVENUE FUNDS Juvenile Lake Juvenile Probation Pleasant Law Legal Probation Grants Special Fees Recreation Services Library Fees Defender Fill the Gap $ Juvenile Restitution $ $ 2,094,448 1,000,096 11,804 5,196 $ 84,356 280 $ 2,150,221 $ 564,213 Library District $ 14,087 4,515 9,198,884 12,175 556,207 588,003 $ $ 2,694,255 $ 89,053 $ 397,573 1,005,292 $ 84,356 $ 518 $ 3,494 $ 19,724 2,162,676 $ 564,213 $ 56,317 $ 78,086 $ 20,298 14,087 $ 9,759,606 $ 1,070,893 1,993 284,855 699 2,700,267 440,975 3,186,893 3,494 77,314 78,086 1,993 1,796,723 985,050 80,862 2,085,362 486,127 12,094 7,962,883 (492,638) $ 985,050 80,862 2,085,362 486,127 12,094 7,962,883 2,694,255 $ 1,005,292 (492,638) $ 20,242 $ 84,356 $ 2,162,676 $ 564,213 $ 14,087 $ 9,759,606 (continued on next page) 107 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2006 SPECIAL REVENUE FUNDS Parks Library and District Grants Palo Verde Recreation Grants Parks Donations Parks Enhancement ASSETS Cash in bank and on hand $ $ $ $ $ 200 Cash and investments held by County Treasurer 62,956 240,302 19,523 Receivables 1,412,873 2,572,247 7,521 14,039 Due from other funds Due from other governmental units 1,962 120,801 Inventories Miscellaneous Cash and investments held by trustee restricted Total assets $ 64,918 $ 240,302 $ 140,324 $ 1,420,394 $ 2,586,486 321 $ 102,871 $ 6,001 $ 22,219 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable $ $ Employee compensation 5,687 79,176 Accrued liabilities Due to other funds Due to other governmental units Interest payable Special assessment debt with governmental commitment Deferred revenue 64,918 119,976 Deposits held for other parties 64,918 Total liabilities 6,008 222,847 6,001 101,395 234,294 (82,523) 1,414,393 2,485,091 234,294 (82,523) 1,414,393 2,485,091 Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 64,918 $ 240,302 108 $ 140,324 $ 1,420,394 $ 2,586,486 SPECIAL REVENUE FUNDS Parks Parks Souvenir $ $ 25,385 Planning Spur Cross and Ranch Conservation Development Fees 80 $ 426,473 400 Probate Fees $ 19,529,369 Public Public Public Defender Fill the Gap Defender Grants Defender Training $ 263,456 $ $ 496,459 18,935 111,623 $ 25,385 $ 426,553 $ 19,641,392 $ $ 462 $ 1,206 $ 922,675 $ 3,606 357,628 263,456 $ 496,459 $ $ 26,799 $ 8,304 36,583 $ 18,935 $ 7,886 9,526 4,309 4,046 15,916 972,945 $ 462 4,812 2,257,294 8,304 63,382 25,442 12,195 24,923 421,741 17,384,098 255,152 433,077 (25,442) 6,740 24,923 421,741 17,384,098 255,152 433,077 (25,442) 6,740 25,385 $ 426,553 $ 19,641,392 $ 263,456 $ 496,459 $ $ 18,935 (continued on next page) 109 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2006 SPECIAL REVENUE FUNDS Public Public Health Health Fees Recorder’s Surcharge Research School and Reporting Communication Expense ASSETS Cash in bank and on hand $ 1,500 $ 1,700 $ $ $ Cash and investments held by County Treasurer Receivables 1,391,910 2,587,691 11,466,118 15,637 8,216 61,594 12,053 6,956 Due from other funds Due from other governmental units 4,898,181 Inventories 1,572,512 36,513 Miscellaneous Cash and investments held by trustee restricted Total assets $ 7,879,740 $ 2,634,120 $ 11,527,712 $ $ 946,552 $ 135,662 $ 179,785 $ 12,053 $ 6,956 1,427 $ 1,446 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable Employee compensation 479,747 65,056 88,834 10,626 9,377,800 200,718 268,619 12,053 1,572,512 36,513 Accrued liabilities 4,490 Due to other funds 8,100 Due to other governmental units Interest payable Special assessment debt with governmental commitment Deferred revenue 7,938,911 Deposits held for other parties Total liabilities 1,446 Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ (3,070,572) 2,396,889 11,259,093 5,510 (1,498,060) 2,433,402 11,259,093 5,510 7,879,740 $ 2,634,120 110 $ 11,527,712 $ 12,053 $ 6,956 SPECIAL REVENUE FUNDS Spousal Sheriff School Grants $ Sheriff Donations 200 $ Sheriff Grants $ Jail Enhancement $ 608,311 Sheriff RICO $ Maintenance Street Enforcement Enhancement Lighting District $ 39,898 $ 89,075 2,536,480 642,569 $ 200 $ 39,898 $ 642,569 $ 608,311 $ $ 151,485 $ 280 $ 184,247 $ 6,175 $ 42,852 33,897 1,351 274,908 $ 21,235 89,075 $ $ 2,536,480 $ 318,997 1,232 2,124 721 13,195 299,913 $ 195,688 280 795,089 6,896 34,430 1,232 318,997 (195,488) 39,618 (152,520) 601,415 (34,430) 87,843 2,217,483 (195,488) 39,618 (152,520) 601,415 (34,430) 87,843 2,217,483 200 $ 39,898 $ 642,569 $ 608,311 $ $ 89,075 $ 2,536,480 (continued on next page) 111 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2006 SPECIAL REVENUE FUNDS Superior Trial Court Fill the Gap Taxpayer Information Transportation Grants Transportation Operations Court Grants ASSETS Cash in bank and on hand $ $ $ $ 550 $ Cash and investments held by County Treasurer 356,449 350,097 4,278,936 Receivables 57,285 199,422 Due from other funds Due from other governmental units 451,496 18,910,527 Inventories 57,767 1,091,267 Miscellaneous Cash and investments held by trustee restricted Total assets $ 356,449 $ 749 $ 350,097 $ 451,496 $ 24,480,702 $ 115,052 $ 102,629 $ 6,082,679 $ 36,024 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable $ Employee compensation 60,689 3,244 961,444 Accrued liabilities 45,788 5,001,509 Due to other funds 133,608 Due to other governmental units Interest payable Special assessment debt with governmental commitment Deferred revenue 663,512 33,240 68,201 Deposits held for other parties 902,993 61,438 Total liabilities 12,113,833 115,052 Fund balances: Reserved for inventories 1,091,267 Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 295,011 350,097 (451,497) 11,275,602 295,011 350,097 (451,497) 12,366,869 356,449 $ 350,097 112 $ 451,496 $ 24,480,702 $ 115,052 SPECIAL REVENUE FUNDS Trial Court Victim Victim Special Revenue Compensation Interest Compensation Restitution $ $ $ 2,988,705 511,049 12,991 2,844 Victim Location $ 424,145 Waste Management $ 73,219 Waste Tire Total $ 534,101 $ 627,108 7,140,299 142,119,229 40,170 3,464,047 6,650,894 43,198,691 3,010,204 2,502,492 1,613 $ $ 3,001,696 $ 77,641 $ 513,893 $ 424,145 $ $ 73,219 $ $ 534,101 $ 7,180,469 $ 66,798 $ 328,165 141,646 5,234 8,081 $ 201,574,278 $ 20,381,041 6,234,248 5,729,622 3,329,434 31,000 170,252 26,289,080 698,182 258,368 66,798 333,399 62,831,859 3,010,204 $ 2,743,328 513,893 424,145 73,219 467,303 6,847,070 135,732,215 2,743,328 513,893 424,145 73,219 467,303 6,847,070 138,742,419 7,180,469 $ 201,574,278 3,001,696 $ 513,893 $ 424,145 $ 73,219 $ 534,101 $ (continued on next page) 113 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2006 CAPITAL PROJECTS FUNDS DEBT SERVICE FUNDS Stadium District Special Assessment Detention Debt Service County Improvement Total Capital Projects ASSETS Cash in bank and on hand $ $ $ $ $ Cash and investments held by County Treasurer Receivables 170,573 1,926 172,499 4,322,826 144,233 108,289 252,522 30,545 1,039,344 1,039,344 9,547,991 9,547,991 22,609,238 Due from other funds Due from other governmental units Inventories Miscellaneous Cash and investments held by trustee restricted Total assets $ 314,806 $ 10,697,550 $ 11,012,356 337,502 $ 4,690,873 $ 22,609,238 $ 2,095,751 $ 336,704 LIABILITIES AND FUND BALANCES Liabilities: Vouchers payable $ $ $ Employee compensation Accrued liabilities Due to other funds Due to other governmental units Interest payable 6,040 6,040 Special assessment debt with governmental commitment Deferred revenue 7,960 7,960 143,136 143,136 157,136 157,136 Deposits held for other parties Total liabilities 2,095,751 336,704 2,595,122 22,272,534 2,595,122 22,272,534 Fund balances: Reserved for inventories Reserved for debt service 157,670 10,697,550 10,855,220 157,670 10,697,550 10,855,220 Unreserved Total fund balances Total liabilities and fund balances $ 314,806 $ 10,697,550 114 $ 11,012,356 $ 4,690,873 $ 22,609,238 CAPITAL PROJECTS FUNDS Flood General Inter- Long Control Fund governmental Term Special Transportation Capital Projects County Improvements Capital Projects Project Reserve Improvement Districts Capital Projects $ $ 34,276,343 $ 21,206,925 Total $ $ 9,913,362 69,765 55,537 79,354 $ 365,402 Nonmajor $ 31,946,621 73,601 Governmental Funds Total $ 627,108 124,710,482 267,002,210 165,436 3,882,005 758,370 831,971 7,482,865 5,231,148 5,231,148 49,469,183 3,010,204 2,502,492 9,606,410 $ 34,276,343 $ 21,206,925 $ 9,968,899 $ 9,829,130 $ $ 8,263,122 $ 348,408 $ 77,536 $ 13,989 $ 365,402 $ 37,936,139 $ 5,240,887 77,404 9,943,912 19,493,516 $ 140,882,949 $ 353,469,583 $ $ 16,376,397 77,404 6,642,000 615,610 758,370 36,757,438 6,311,652 449 449 5,730,071 72,178 8,088,158 11,417,592 170,252 6,040 7,960 14,982,526 964,018 835,906 13,989 72,627 554,738 554,738 26,432,216 1,252,920 5,795,625 25,097,146 88,086,141 3,010,204 $ 19,293,817 20,242,907 9,132,993 9,815,141 292,775 32,140,514 115,785,803 10,855,220 251,518,018 19,293,817 20,242,907 9,132,993 9,815,141 292,775 32,140,514 115,785,803 265,383,442 37,936,139 $ 140,882,949 $ 353,469,583 34,276,343 $ 21,206,925 $ 9,968,899 $ 9,829,130 115 $ 365,402 $ Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds For the Fiscal Year Ended June 30, 2006 SPECIAL REVENUE FUNDS Adult Probation Fees Accommodation Schools Adult Probation Grants Air Quality Fees Animal Control Field Operations Air Quality Grants REVENUES Taxes $ $ $ $ Licenses and permits $ $ 8,488,143 Intergovernmental 13,428,160 13,235 4,858,290 Charges for services 10,087,940 Fines and forfeits 3,968,338 3,004,842 133,470 655,920 1,709,788 6,106 Special assessment Miscellaneous Total revenues 1,356,660 174,110 142,464 191,229 4,755 39,765 14,784,820 10,917,970 5,134,224 10,389,160 3,973,093 3,063,948 9,376,228 4,833,416 7,264,634 3,268,218 2,528,953 EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education 13,452,405 Debt service: Principal Interest Other expenditures Capital outlay Total expenditures 166,046 379,585 488,380 98,004 143,789 13,618,451 9,755,813 4,833,416 7,753,014 3,366,222 2,672,742 1,166,369 1,162,157 300,808 2,636,146 606,871 391,206 1,166,369 1,162,157 300,808 2,636,146 606,871 391,206 (1,415,960) 4,929,104 (464,724) 5,454,982 (1,221,550) 483,307 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, as restated Increase (decrease) in reserve for (6,063) Inventories Fund balances (deficit) at end of year $ (255,654) $ 6,091,261 116 $ (163,916) $ 8,091,128 $ (614,679) $ 874,513 SPECIAL REVENUE FUNDS Animal Control License/ Shelter Animal Control Grants $ $ $ 344 4,140,491 1,781 1,680,212 Cactus League Operations Ballpark Operations $ CDBG Housing Trust $ 66,143 Check Enforcement Program $ Child Support Enhancement $ 14,744,150 68,122 658,997 702,888 27,046 4,325,147 76,418 2,949 7,228 6,861 705,013 5,913,892 4,325,147 76,418 14,747,099 666,225 74,983 614,571 295,387 5,211,182 9,725,875 938,711 17,708 1,122,911 2,000,000 237,631 45,512 612 295,387 5,256,694 3,176,954 1,122,911 9,739,306 13,431 614,571 17,708 409,626 657,198 1,148,193 (1,046,493) 5,007,793 51,654 57,275 1,217,725 (3,267,653) (3,267,653) 1,217,725 409,626 657,198 (2,119,460) 171,232 5,007,793 51,654 57,275 120,780 873,323 4,906,646 2,522,650 (5,197,072) 236,872 184,927 (52,150) $ 530,406 $ 1,478,371 $ 2,787,186 $ 2,693,882 $ (189,279) $ 288,526 $ 242,202 (continued on next page) 117 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2006 SPECIAL REVENUE FUNDS Children’s Issues Education Clerk of Court Fill the Gap Clerk of the Court EDMS Clerk of the Court Grants Conciliation Court Fees REVENUES Taxes $ $ $ $ $ Licenses and permits Intergovernmental 953,103 Charges for services 107,866 1,601,717 777,700 2,761,098 1,756,475 20,657 1,147 10,279 114,258 1,730,803 2,781,755 1,602,864 1,766,754 83,029 1,439,259 2,628,312 1,560,331 1,499,635 83,029 1,439,259 2,740,293 1,560,331 1,499,635 31,229 291,544 41,462 42,533 267,119 31,229 291,544 41,462 42,533 267,119 185,478 108,566 921,005 (135,620) 324,534 Fines and forfeits Special assessment 6,392 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 111,981 Capital outlay Total expenditures 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, as restated Increase (decrease) in reserve for Inventories Fund balances (deficit) at end of year $ 216,707 $ 400,110 118 $ 962,467 $ (93,087) $ 591,653 SPECIAL REVENUE FUNDS Correctional Health Grants $ County Attorney Fill the Gap $ County Attorney Grants $ County Attorney RICO $ Court Document Retrieval $ Criminal Justice Enhancement $ Del Webb Special Revenue $ 172,375 177,872 541,572 6,476,388 1,721,777 775,782 1,067,119 1,600,450 19 33,218 10,591 5,385 28,177 18,864 177,891 1,350,572 6,486,979 1,600,450 1,072,504 1,749,954 191,239 1,266,623 6,355,881 1,189,962 1,086,011 1,227,791 177,890 178,024 1,266,623 6,355,881 1,288,588 1,086,011 1,227,791 177,890 (133) 83,949 131,098 311,862 (13,507) 522,163 13,349 (133) 83,949 131,098 311,862 (13,507) 522,163 13,349 775,084 (322,782) 1,231,092 185,166 698,824 646,767 178,024 98,626 $ (133) $ 859,033 $ (191,684) $ 1,542,954 $ 171,659 $ 1,220,987 $ 660,116 (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, 2006 SPECIAL REVENUE FUNDS Domestic Relations Mediation Education Diversion Elections Grants Environmental Services Environmental Health Emergency Management REVENUES Taxes $ $ $ $ $ Licenses and permits 10,228,169 Intergovernmental 128,208 Charges for services 875,448 4,732 164,448 Fines and forfeits 739,267 710,011 Special assessment Miscellaneous Total revenues 31,561 6,044 741,572 170,492 128,208 10,503 1,333,232 885,951 12,305,400 EXPENDITURES Current: General government 59,979 Public safety 901,334 754,116 Highways and streets Health, welfare and sanitation 166,953 12,229,481 Culture and recreation Education Debt service: Principal Interest Other expenditures 212,278 118,709 901,334 166,953 59,979 966,394 12,348,190 (159,762) 3,539 68,229 (80,443) (42,790) (159,762) 3,539 68,229 (80,443) (42,790) 1,038,705 199,115 (58,984) 3,920,542 Capital outlay Total expenditures 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, as restated Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ 878,943 $ 202,654 120 $ 68,229 $ (139,427) $ 3,877,752 SPECIAL REVENUE FUNDS Environmental Services Grants $ Expedited Child Support Events Center $ $ General Government Grants Flood Control $ 61,173,495 $ Human Services Grants $ Inmate Health Services $ 3,641,058 694,127 19,332,990 763,187 36,996,528 449,339 694,127 131,289 23,869 7,733 3,646,093 13,667 565,797 8,247 23,869 457,072 87,793,636 776,854 37,562,325 139,536 773,448 30,950,982 428,924 37,323,192 24,001 694,127 1,081,783 12,253 421,395 24,001 428,924 32,032,765 785,701 37,744,587 (132) 28,148 55,760,871 (8,847) (182,262) 139,536 (61,792,583) (61,792,583) 694,127 (132) (685,970) 28,148 (6,031,712) (8,847) (182,262) 139,536 297,595 16,671,496 387,015 (4,589,751) 198,520 180,759 $ 8,157 $ (132) $ 325,743 $ 10,820,543 $ 378,168 $ (4,772,013) $ 338,056 (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, 2006 SPECIAL REVENUE FUNDS Inmate Services Justice Court Judicial Enhancement Judicial Enhancement Justice Court Special Revenue Juvenile Probation Diversion REVENUES Taxes $ $ $ $ $ Licenses and permits Intergovernmental 186,000 Charges for services 1,104,602 2,890,884 Fines and forfeits 304,836 560,451 Special assessment Miscellaneous Total revenues 13,301,944 51,188 66,291 95,968 16,351 13,301,944 1,341,790 626,742 2,986,852 321,187 6,343,329 1,247,133 372,876 2,251,954 201,076 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 33,031 302,202 6,376,360 1,549,335 372,876 2,251,954 201,076 6,925,584 (207,545) 253,866 734,898 120,111 6,925,584 (207,545) 253,866 734,898 120,111 11,223,476 1,835,806 2,065,304 3,013,675 531,254 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, as restated Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ 18,149,060 $ 1,628,261 122 $ 2,319,170 $ 3,748,573 $ 651,365 SPECIAL REVENUE FUNDS Juvenile Probation Special Fees Juvenile Probation Grants $ $ Lake Pleasant Recreation Services Juvenile Restitution $ $ 14,345,702 Law Library Fees $ Legal Defender Fill the Gap $ 71,077 831,996 Library District $ 53,385 829,845 1,472,647 853,271 48,495 284 2,527 621,684 2,818 25,993 24,037 133,464 64,623 705 1,140,257 14,348,520 857,989 24,037 1,677,472 920,421 54,090 19,616,832 14,108,691 765,688 29,925 785,005 52,801 1,252,223 16,831,893 43,036 $ 16,976,551 1,367,104 14,108,691 765,688 29,925 1,295,259 785,005 52,801 18,198,997 239,829 92,301 (5,888) 382,213 135,416 1,289 1,417,835 239,829 92,301 (5,888) 382,213 135,416 1,289 1,417,835 (732,467) 892,749 86,750 1,703,149 350,711 10,805 6,545,048 (492,638) $ 985,050 $ 80,862 $ 2,085,362 $ 486,127 $ 12,094 $ 7,962,883 (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, 2006 SPECIAL REVENUE FUNDS Library District Grants Medical Examiner Grants Parks and Recreation Grants Palo Verde Parks Donations REVENUES Taxes $ $ $ $ $ Licenses and permits Intergovernmental 115,983 259,946 299,626 232,232 839 7,237 11,163 301,743 115,983 260,785 306,863 243,395 301,743 11,772 293,490 127,410 60,967 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 105,983 Education Debt service: Principal Interest Other expenditures 10,000 Capital outlay 273,318 115,983 Total expenditures 11,772 293,490 400,728 60,967 249,013 13,373 (157,333) 240,776 Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out (88,500) Proceeds from bond issuance (88,500) Total other financing sources (uses) Net change in fund balances 249,013 13,373 (157,333) 152,276 (249,013) 220,921 74,810 1,262,117 Fund balances (deficit) at beginning of year, as restated Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ $ $ 124 234,294 $ (82,523) $ 1,414,393 SPECIAL REVENUE FUNDS Parks Enhancement $ Parks Spur Cross Ranch Conversation Parks Souvenir $ $ Planning and Development Fees $ Public Defender Fill the Gap Probate Fees $ $ Public Defender Grants $ 10,332,164 385,000 1,798,086 460,846 31,356 5,023,630 3,000 385,648 327,999 951,845 20,630 904,413 120,610 21,751 857,918 6,057 18,145 2,705,499 120,610 438,107 16,234,342 391,705 1,430,836 327,999 15,105,829 346,595 1,223,847 353,441 2,240,023 51,519 402,909 2,413,848 51,519 402,909 15,282,110 346,595 1,223,847 353,441 291,651 69,091 35,198 952,232 45,110 206,989 (25,442) (25,442) 176,281 173,825 69,169 $ (187,284) (69,169) (118,115) (69,169) 173,536 (78) 35,198 952,232 45,110 206,989 2,311,555 25,001 386,543 16,431,866 210,042 226,088 2,485,091 $ 24,923 $ 421,741 $ 17,384,098 $ 255,152 $ 433,077 $ (25,442) (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, 2006 SPECIAL REVENUE FUNDS Public Defender Training Public Health Fees Public Health Research and Reporting Recorder’s Surcharge REVENUES Taxes $ $ $ $ $ Licenses and permits Intergovernmental 477,550 42,007,733 Charges for services 168,316 4,507,587 7,602,050 227,420 35,912 320,870 78,758 42,176,049 4,543,499 7,922,920 306,178 6,149,113 272,604 Fines and forfeits Special assessment 12,629 Miscellaneous 490,179 Total revenues EXPENDITURES Current: General government Public safety 480,233 Highways and streets Health, welfare and sanitation 40,819,629 3,492,513 Culture and recreation Education Debt service: Principal Interest Other expenditures 53,358 16,486 590,511 480,233 40,872,987 3,508,999 6,739,624 272,604 9,946 1,303,062 1,034,500 1,183,296 33,574 1,355,510 29,040 Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out (150,975) Proceeds from bond issuance 1,355,510 29,040 9,946 2,658,572 1,063,540 1,183,296 (117,401) (3,206) (4,467,855) 1,423,306 10,075,797 117,401 311,223 (53,444) Total other financing sources (uses) Net change in fund balances (150,975) Fund balances (deficit) at beginning of year, as restated Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ 6,740 $ (1,498,060) 126 $ 2,433,402 $ 11,259,093 $ SPECIAL REVENUE FUNDS School Communication Expense $ School Grants $ Sheriff Donations $ Sheriff Jail Enhancement Sheriff Grants $ 1,113,127 $ 4,916,005 Spousal Maintenance Enforcement Enhancement Sheriff RICO $ $ 1,644,011 133,800 28,460 $ 1,019,149 482,303 1,114,462 17,485 2,525 1,643 482,303 2,227,589 17,485 4,946,990 1,645,654 1,019,149 137,306 3,506 10,284 3,456,822 1,218,278 819,390 73,006 811,007 2,639,895 895,162 369,962 208,657 811,007 2,639,895 10,284 4,351,984 1,588,240 1,028,047 73,006 (328,704) (412,306) 7,201 595,006 57,414 (8,898) 64,300 (328,704) (412,306) 7,201 595,006 57,414 (8,898) 64,300 334,214 216,818 32,417 (747,526) 544,001 (25,532) 23,543 5,510 $ (195,488) $ 39,618 $ (152,520) $ 601,415 $ (34,430) $ 87,843 (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, 2006 SPECIAL REVENUE FUNDS Street Lighting District Superior Court Fill the Gap Taxpayer Information Transportation Grants Transportation Operations REVENUES Taxes $ $ $ $ $ Licenses and permits 2,901,458 Intergovernmental 1,737,703 Charges for services 370,123 106,676,177 370,123 111,872,002 471,837 47,291,211 142,564 Fines and forfeits Special assessment 3,770,790 79,215 Miscellaneous Total revenues 2,294,367 3,850,005 1,737,703 3,749,743 1,738,407 142,564 EXPENDITURES Current: General government 192,714 Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other expenditures 3,270,623 Capital outlay Total expenditures 3,749,743 1,738,407 192,714 471,837 50,561,834 100,262 (704) (50,150) (101,714) 61,310,168 Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out (66,727,441) Proceeds from bond issuance (66,727,441) Total other financing sources (uses) Net change in fund balances 100,262 (704) (50,150) (101,714) (5,417,273) 2,117,221 295,715 400,247 (349,783) 17,521,954 Fund balances (deficit) at beginning of year, as restated Increase (decrease) in reserve for 262,188 inventories Fund balances (deficit) at end of year $ 2,217,483 $ 295,011 128 $ 350,097 $ (451,497) $ 12,366,869 SPECIAL REVENUE FUNDS Trial Court Special Revenue Trial Court Grants $ $ Victim Compensation Interest Victim Compensation Restitution $ $ Victim Location Waste Management $ Waste Tire $ Total $ 78,150,046 39,917,437 1,754,974 1,534,237 4,620,134 294,756,987 68,400 53,702,446 122,342 7,719,799 4,442,306 10,799 126,251 23,606 11,061 5,608 17,980 193,348 3,770,790 34,834,039 1,754,974 6,102,794 23,606 133,403 5,608 28,779 4,881,882 512,851,544 1,711,283 5,712,016 7,440 129,994 7,447,858 128,545,719 47,763,048 3,831,454 126,782,127 23,158,550 16,903,307 2,000,000 237,631 51,846 1,711,283 5,763,862 43,691 338,932 23,606 133,403 27,173 11,254,959 7,440 129,994 3,858,627 364,093,199 (1,832) (101,215) 1,023,255 148,758,345 2,671,444 (132,283,605) (129,612,161) 43,691 (43,691) 338,932 23,606 133,403 (1,832) (101,215) 1,023,255 19,146,184 2,404,396 490,287 290,742 75,051 568,518 5,823,815 118,953,722 642,513 $ $ 2,743,328 $ 513,893 $ 424,145 $ 73,219 $ 467,303 $ 6,847,070 $ 138,742,419 (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, 2006 DEBT SERVICE FUNDS Stadium District Debt Service Special Assessment CAPITAL PROJECTS FUNDS Detention Capital Projects County Improvement Total REVENUES Taxes $ $ 6,493,520 $ 6,493,520 $ $ Licenses and permits Intergovernmental Charges for services 60,481 60,481 Fines and forfeits Special assessment 525,071 525,071 725,553 60,481 7,018,591 7,079,072 725,553 Principal 81,191 2,685,000 2,766,191 Interest 14,634 2,737,594 2,752,228 1,250 1,250 32,591,437 5,581,373 95,825 5,423,844 5,519,669 32,591,437 5,581,373 (35,344) 1,594,747 1,559,403 (31,865,884) (5,581,373) (1,217,725) (1,217,725) (1,217,725) (1,217,725) 3,000,000 14,977,841 (35,344) 377,022 341,678 (28,865,884) 9,396,468 193,014 10,320,528 10,513,542 31,461,006 12,876,066 Miscellaneous Total revenues EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Other expenditures Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in 14,977,841 Transfers out 3,000,000 Proceeds from bond issuance Total other financing sources (uses) Net change in fund balances Fund balances (deficit) at beginning of year, as restated Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ 157,670 $ 10,697,550 130 $ 10,855,220 $ 2,595,122 $ 22,272,534 CAPITAL PROJECTS FUNDS Flood Control Capital Projects $ General Fund County Improvements $ Intergovernmental Capital Projects $ Long Term Project Reserve $ Special Improvement Districts 5,294 $ Transportation Capital Projects $ Total $ 5,294 Total Nonmajor Governmental Funds $ 84,648,860 39,917,437 8,847,363 8,847,363 303,604,350 53,762,927 7,719,799 49,751 401,037 1,073,832 11,233 2,053,408 4,314,814 3,770,790 39,673,924 49,751 401,037 1,079,126 11,233 10,900,771 13,167,471 533,098,087 7,447,858 128,545,719 47,763,048 126,782,127 23,158,550 16,903,307 4,766,191 2,989,859 58,006,294 7,294,513 516,968 3,880,572 39,437 83,364,282 191,274,876 1,250 202,529,835 58,006,294 7,294,513 516,968 3,880,572 39,437 83,364,282 191,274,876 560,887,744 (58,006,294) (7,244,762) (115,931) (2,801,446) (28,204) (72,463,511) (178,107,405) (27,789,657) 61,762,926 14,300,000 244,801 3,267,653 66,727,441 161,280,662 163,952,106 61,762,926 14,300,000 244,801 3,267,653 3,756,632 7,055,238 128,870 466,207 15,537,185 13,187,669 9,004,123 9,348,934 3,000,000 (133,501,330) 3,000,000 66,727,441 164,280,662 33,450,776 (28,204) (5,736,070) (13,826,743) 320,979 37,876,584 129,612,546 5,661,119 259,079,810 642,513 $ 19,293,817 $ 20,242,907 $ 9,132,993 $ 9,815,141 131 $ 292,775 $ 32,140,514 $ 115,785,803 $ 265,383,442 132 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Adult Probation Fees Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 8,713,000 Fines and forfeits 9,079,541 $ 10,087,940 $ 1,008,399 785,574 40,000 655,920 174,110 (129,654) 134,110 8,843,000 9,905,115 10,917,970 1,012,855 8,896,950 10,176,083 357,649 9,376,228 379,585 799,855 (21,936) 8,896,950 10,533,732 9,755,813 777,919 (53,950) (628,617) 1,162,157 1,790,774 (53,950) 3,861,921 (628,617) 3,861,921 1,162,157 4,929,104 1,790,774 1,067,183 Miscellaneous Total revenues $ 90,000 40,000 EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 3,807,971 133 $ 3,233,304 $ 6,091,261 $ 2,857,957 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Adult Probation Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services Miscellaneous Total revenues 5,499,944 $ 5,140,240 $ 4,858,290 $ (281,950) 130,000 10,000 130,000 10,000 133,470 142,464 3,470 132,464 5,639,944 5,280,240 5,134,224 (146,016) 5,639,944 5,280,240 4,833,416 446,824 5,639,944 5,280,240 4,833,416 446,824 300,808 300,808 300,808 (464,724) 300,808 (464,724) EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance (deficit) – beginning Fund balance (deficit) – ending $ $ 134 $ (163,916) $ (163,916) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Air Quality Fees Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ Charges for services Fines and forfeits Miscellaneous Total revenues 6,300,000 $ 6,300,010 $ 8,488,143 $ 2,188,133 42,000 42,000 800,000 59,000 800,000 58,990 1,709,788 191,229 909,788 132,239 (42,000) 7,201,000 7,201,000 10,389,160 3,188,160 6,370,501 533,436 7,941,264 618,518 7,264,634 488,380 676,630 130,138 6,903,937 8,559,782 7,753,014 806,768 297,063 (1,358,782) 2,636,146 3,994,928 (259,522) (259,522) 259,522 (259,522) (259,522) 259,522 37,541 1,420,650 1,458,191 (1,618,304) 1,420,650 (197,654) EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance (deficit) – ending $ 135 $ $ 2,636,146 5,454,982 8,091,128 $ 4,254,450 4,034,332 8,288,782 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Air Quality Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 3,639,375 $ 3,784,273 $ Miscellaneous Total revenues 3,968,338 4,755 $ 184,065 4,755 3,639,375 3,784,273 3,973,093 188,820 3,492,059 74,064 3,538,809 176,364 3,268,218 98,004 270,591 78,360 3,566,123 3,715,173 3,366,222 348,951 73,252 69,100 606,871 537,771 (69,102) (69,102) 69,102 (69,102) (69,102) 69,102 4,150 (1,064,891) (1,060,741) (2) (1,064,891) (1,064,893) 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 $ 136 $ $ 606,871 (1,221,550) (614,679) $ 606,873 (156,659) 450,214 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Animal Control Field Operations Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ Intergovernmental $ $ 13,235 $ 714 2,850,321 3,004,842 154,521 7,077 7,077 1,313 6,106 39,765 (971) 38,452 2,871,232 2,871,232 3,063,948 192,716 2,267,989 434,125 2,355,158 346,956 2,528,953 143,789 (173,795) 203,167 2,702,114 2,702,114 2,672,742 29,372 169,118 169,118 391,206 222,088 (169,118) (169,118) 169,118 (169,118) (169,118) 169,118 351,247 351,247 351,247 351,247 Charges for services Miscellaneous Total revenues 12,521 2,864,155 EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ 137 $ $ 391,206 483,307 874,513 $ 391,206 132,060 523,266 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Animal Control Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ $ $ Charges for services Miscellaneous Total revenues 344 $ 344 356,726 446,168 1,781 702,888 1,781 256,720 356,726 446,168 705,013 258,845 342,451 431,893 295,387 136,506 342,451 431,893 295,387 136,506 14,275 14,275 409,626 395,351 (14,275) (14,275) 14,275 (14,275) (14,275) 14,275 (1,548) (1,548) (1,548) (1,548) EXPEMDITURES Current: Health, welfare and sanitation Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance (deficit) – beginning Fund balance (deficit) – ending $ 138 $ $ 409,626 120,780 530,406 $ 409,626 122,328 531,954 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Animal Control License/Shelter Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ 3,700,000 Intergovernmental Charges for services $ 3,700,000 $ $ 440,491 62,000 66,143 4,143 1,675,716 1,675,716 1,680,212 27,046 4,496 27,046 5,437,716 5,437,716 5,913,892 476,176 5,025,694 41,864 5,025,694 41,864 5,211,182 45,512 (185,488) (3,648) 5,067,558 5,067,558 5,256,694 (189,136) 370,158 370,158 657,198 287,040 (368,797) (368,797) 368,797 (368,797) (368,797) 368,797 Miscellaneous Total revenues 4,140,491 62,000 EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning 1,361 1,361 657,198 655,837 313,831 313,831 873,323 (52,150) 1,478,371 559,492 (52,150) 1,163,179 Decrease in reserve for inventories Fund balance – ending $ 315,192 139 $ 315,192 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Ballpark Operations Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ Total revenues 4,616,121 $ 4,616,121 $ 4,325,147 $ (290,974) 4,616,121 4,616,121 4,325,147 (290,974) 1,980,794 3,980,794 938,711 3,042,083 2,000,000 (2,000,000) 237,631 612 (237,631) (612) EXPENDITURES Current: Culture and recreation Debt service: Principal Interest Capital outlay Total expenditures Excess of revenues over expenditures 1,980,794 3,980,794 3,176,954 803,840 2,635,327 635,327 1,148,193 512,866 OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ (1,634,713) (3,634,713) (3,267,653) 367,060 (1,634,713) (3,634,713) (3,267,653) 367,060 1,000,614 4,452,656 (2,999,386) 4,452,656 (2,119,460) 4,906,646 879,926 453,990 5,453,270 140 $ 1,453,270 $ 2,787,186 $ 1,333,916 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Cactus League Operations Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ 25,000 $ 25,000 $ 76,418 $ 51,418 25,000 25,000 76,418 51,418 481,676 1,221,676 1,122,911 98,765 481,676 1,221,676 1,122,911 98,765 (456,676) (1,196,676) (1,046,493) 150,183 482,500 (612) 1,222,500 (612) 1,217,725 (4,775) 612 481,888 1,221,888 1,217,725 (4,163) 25,212 2,535,379 25,212 2,535,379 171,232 2,522,650 146,020 (12,729) Total revenues EXPENDITURES Current: Culture and recreation Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES (USES) Transfers In Transfers out Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending $ 2,560,591 141 $ 2,560,591 $ 2,693,882 $ 133,291 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual CDBG Housing Trust Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 15,997,531 $ 15,997,531 $ Miscellaneous Total revenues 14,744,150 2,949 $ (1,253,381) 2,949 15,997,531 15,997,531 14,747,099 (1,250,432) 15,970,994 15,970,994 9,725,875 13,431 6,245,119 (13,431) 15,970,994 15,970,994 9,739,306 6,231,688 26,537 26,537 5,007,793 4,981,256 (26,537) (26,537) 26,537 (26,537) (26,537) 26,537 921,869 921,869 921,869 921,869 EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance (deficit) – beginning Fund balance (deficit) – ending $ 142 $ $ 5,007,793 (5,197,072) (189,279) $ 5,007,793 (6,118,941) (1,111,148) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Check Enforcement Program Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ 720,031 $ Miscellaneous Total revenues 715,031 5,000 $ 658,997 7,228 $ (56,034) 2,228 720,031 720,031 666,225 (53,806) 720,031 720,031 614,571 105,460 720,031 720,031 614,571 105,460 51,654 51,654 51,654 236,872 288,526 51,654 (15,678) 35,976 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 252,550 252,550 143 $ 252,550 252,550 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Child Support Enhancement Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 45,000 $ 45,000 $ Charges for services Miscellaneous $ (45,000) 68,122 6,861 68,122 6,861 45,000 45,000 74,983 29,983 85,000 85,000 17,708 67,292 85,000 85,000 17,708 67,292 Excess (deficiency) of revenues over expenditures (40,000) (40,000) 57,275 97,275 Net change in fund balances (40,000) 145,257 105,257 (40,000) 145,257 105,257 57,275 184,927 242,202 97,275 39,670 136,945 Total revenues EXPENDITURES Current: Health, welfare and sanitation Total expenditures Fund balance – beginning Fund balance – ending $ 144 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Children’s Issues Education Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Miscellaneous Total revenues 96,000 4,000 $ 96,000 4,000 $ 107,866 6,392 $ 11,866 2,392 100,000 100,000 114,258 14,258 100,000 100,000 83,029 16,971 100,000 100,000 83,029 16,971 31,229 31,229 31,229 185,478 216,707 31,229 30,554 61,783 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 154,924 154,924 145 $ 154,924 154,924 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Clerk of Court Fill the Gap Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 557,829 Charges for services $ 500,000 $ 953,103 $ 453,103 929,715 1,072,912 170,739 777,700 (295,212) (170,739) 1,487,544 1,743,651 1,730,803 (12,848) 1,527,544 1,783,651 1,439,259 344,392 1,527,544 1,783,651 1,439,259 344,392 Excess (deficiency) of revenues over expenditures (40,000) (40,000) 291,544 331,544 Net change in fund balances (40,000) 193,689 153,689 (40,000) 193,689 153,689 291,544 108,566 400,110 331,544 (85,123) 246,421 Miscellaneous Total revenues EXPENDITURES Current: Public safety Total expenditures Fund balance – beginning Fund balance – ending $ 146 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Clerk of the Court EDMS Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Miscellaneous 2,897,000 3,000 $ 2,888,000 12,000 $ 2,761,098 20,657 $ (126,902) 8,657 2,900,000 2,900,000 2,781,755 (118,245) 2,920,505 179,495 2,920,505 179,495 2,628,312 111,981 292,193 67,514 3,100,000 3,100,000 2,740,293 359,707 Excess (deficiency) of revenues over expenditures (200,000) (200,000) 41,462 241,462 Net change in fund balances (200,000) 583,932 383,932 (200,000) 583,932 383,932 41,462 921,005 962,467 241,462 337,073 578,535 Total revenues EXPENDITURES Current: Public safety Capital outlay Total expenditures Fund balance – beginning Fund balance – ending $ 147 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Clerk of the Court Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 1,476,516 $ 1,592,567 $ Miscellaneous Total revenues 1,601,717 1,147 $ 9,150 1,147 1,476,516 1,592,567 1,602,864 10,297 1,476,516 1,592,567 1,560,331 32,236 1,476,516 1,592,567 1,560,331 32,236 42,533 42,533 42,533 (135,620) (93,087) 42,533 (135,620) (93,087) EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance (deficit) – beginning Fund balance (deficit) – ending $ $ 148 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Conciliation Court Fees Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Miscellaneous Total revenues 1,541,000 4,000 $ 1,541,000 4,000 $ 1,756,475 10,279 $ 215,475 6,279 1,545,000 1,545,000 1,766,754 221,754 1,545,000 1,545,000 1,499,635 45,365 1,545,000 1,545,000 1,499,635 45,365 267,119 267,119 267,119 324,534 591,653 267,119 119,565 386,684 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 204,969 204,969 149 $ 204,969 204,969 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Correctional Health Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Final Actual Amounts Positive (Negative) REVENUES Intergovernmental $ 513,895 $ 513,895 $ Miscellaneous Total revenues 177,872 19 $ (336,023) 19 513,895 513,895 177,891 (336,004) 41,284 472,611 48,484 465,411 178,024 (129,540) 465,411 513,895 513,895 178,024 335,871 (133) (133) (133) (133) (17,765) (17,898) EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Deficiency of revenues under expenditures Net change in fund balancess Fund balance – beginning Fund balance (deficit) – ending $ 17,765 17,765 150 $ 17,765 17,765 $ (133) $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual County Attorney Fill the Gap Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 448,581 Charges for services 448,581 $ 541,572 $ 92,991 807,556 10,487 775,782 33,218 (31,774) 22,731 1,266,624 1,266,624 1,350,572 83,948 1,266,624 1,266,624 1,266,623 1 1,266,624 1,266,624 1,266,623 1 83,949 83,949 83,949 775,084 859,033 83,949 588,927 672,876 Miscellaneous Total revenues $ 807,556 10,487 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances 186,157 186,157 Fund balance – beginning Fund balance – ending $ 151 $ 186,157 186,157 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual County Attorney Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 6,560,517 $ 6,627,849 $ Miscellaneous Total revenues 6,476,388 10,591 $ (151,461) 10,591 6,560,517 6,627,849 6,486,979 (140,870) 6,560,517 6,627,849 6,355,881 271,968 6,560,517 6,627,849 6,355,881 271,968 131,098 131,098 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances (461,130) (461,130) $ Fund deficit – beginning Fund deficit – ending $ 152 (461,130) (461,130) $ 131,098 (322,782) (191,684) $ 131,098 138,348 269,446 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual County Attorney RICO Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budgeted Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ Total revenues 1,300,000 $ 1,300,000 $ 1,600,450 $ 300,450 1,300,000 1,300,000 1,600,450 300,450 1,225,000 75,000 1,225,000 75,000 1,189,962 98,626 35,038 (23,626) 1,300,000 1,300,000 1,288,588 11,412 311,862 311,862 311,862 1,231,092 1,542,954 311,862 1,231,092 1,542,954 EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning, as restated Fund balance – ending $ $ 153 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Court Document Retrieval Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Miscellaneous 1,093,613 5,312 $ 1,093,613 5,312 $ 1,067,119 5,385 $ (26,494) 73 1,098,925 1,098,925 1,072,504 (26,421) 1,223,925 1,223,925 1,086,011 137,914 1,223,925 1,223,925 1,086,011 137,914 Deficiency of revenues under expenditures (125,000) (125,000) (13,507) 111,493 Net change in fund balances (125,000) 133,795 8,795 (125,000) 133,795 8,795 (13,507) 185,166 171,659 111,493 51,371 162,864 Total revenues EXPENDITURES Current: Public safety Total expenditures Fund balance – beginning Fund balance – ending $ 154 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Criminal Justice Enhancement Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Miscellaneous Total revenues 1,356,500 5,000 $ 1,356,500 5,000 $ 1,721,777 28,177 $ 365,277 23,177 1,361,500 1,361,500 1,749,954 388,454 1,361,500 1,361,500 1,227,791 133,709 1,361,500 1,361,500 1,227,791 133,709 522,163 522,163 522,163 698,824 1,220,987 522,163 334,147 856,310 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances 364,677 364,677 Fund balance – beginning Fund balance – ending $ 155 $ 364,677 364,677 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Del Webb Special Revenue Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes $ 175,000 $ 183,508 $ Miscellaneous Total revenues 172,375 18,864 $ (11,133) 18,864 175,000 183,508 191,239 7,731 163,598 175,742 177,890 (2,148) 163,598 175,742 177,890 (2,148) 11,402 7,766 13,349 5,583 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures OTHER FINANCING USES (7,586) (7,586) 7,586 (7,586) (7,586) 7,586 3,816 595,373 599,189 180 595,373 595,553 Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ 156 $ $ 13,349 646,767 660,116 $ 13,169 51,394 64,563 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Diversion Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ 1,000,000 $ Miscellaneous Total revenues 980,000 20,000 $ 710,011 31,561 $ (269,989) 11,561 1,000,000 1,000,000 741,572 (258,428) 1,000,000 1,000,000 901,334 98,666 1,000,000 1,000,000 901,334 98,666 (159,762) (159,762) (159,762) 1,038,705 878,943 (159,762) (76,531) (236,293) EXPENDITURES Current: Public safety Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 1,115,236 1,115,236 157 $ 1,115,236 1,115,236 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Domestic Relations Mediation Education Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Miscellaneous Total revenues 165,800 4,200 $ 169,341 3,494 $ 164,448 6,044 $ (4,893) 2,550 170,000 172,835 170,492 (2,343) 170,000 172,835 166,953 5,882 170,000 172,835 166,953 5,882 3,539 3,539 3,539 199,115 202,654 3,539 6,352 9,891 EXPENDITURES Current: Health, welfare and sanitation Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 192,763 192,763 158 $ 192,763 192,763 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Elections Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ $ $ 128,208 $ 128,208 128,208 128,208 59,980 59,979 1 59,980 59,979 1 Excess (deficiency) of revenues over expenditures (59,980) 68,229 128,209 Net change in fund balances (59,980) 68,229 128,209 Total revenues EXPENDITURES Current: General government Total expenditures Fund balance – beginning Fund balance (deficit) – ending $ $ 159 (59,980) $ 68,229 $ 128,209 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Emergency Management Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Miscellaneous Total revenues 555,671 500 $ 739,290 1,460 $ 875,448 10,503 $ 136,158 9,043 556,171 740,750 885,951 145,201 493,219 678,889 207,820 754,116 212,278 (75,227) (4,458) 493,219 886,709 966,394 (79,685) 62,952 (145,959) (80,443) 65,516 (62,952) (62,952) 62,952 (62,952) (62,952) 62,952 33,279 33,279 (208,911) 33,279 (175,632) EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess (deficiency) of revenues under expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance (deficit) – beginning Fund balance (deficit) – ending $ 160 $ $ (80,443) (58,984) (139,427) $ 128,468 (92,263) 36,205 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Environmental Services Environmental Health Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Licenses and permits $ 9,230,545 $ 9,843,916 $ Intergovernmental Charges for services Fines and forfeits Miscellaneous Total revenues 10,228,169 $ 384,253 4,732 4,732 777,000 777,000 739,267 (37,733) 25,000 1,131,593 25,000 1,134,093 1,333,232 (25,000) 199,139 11,164,138 11,780,009 12,305,400 525,391 11,078,338 155,933 11,927,685 182,932 12,229,481 118,709 (301,796) 64,223 11,234,271 12,110,617 12,348,190 (237,573) (70,133) (330,608) (42,790) 287,818 EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Deficiency of revenues under expenditures OTHER FINANCING USES (322,066) (322,066) 322,066 Total other financing uses (322,066) (322,066) 322,066 Net change in fund balances (392,199) 834,486 442,287 $ (652,674) 834,486 181,812 $ Transfers out Fund balance – beginning Fund balance – ending $ 161 (42,790) 3,920,542 3,877,752 $ 609,884 3,086,056 3,695,940 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Environmental Services Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ $ $ Total revenues Excess of revenues over expenditures Net change in fund balances (454,600) (454,600) $ Fund deficit – beginning Fund balance (deficit) – ending $ 162 (454,600) (454,600) $ 694,127 $ 694,127 694,127 694,127 694,127 694,127 694,127 (685,970) 8,157 $ 694,127 (231,370) 462,757 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Events Center Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ $ 24,000 $ 23,869 $ (131) 24,000 23,869 (131) 24,000 24,001 (1) 24,000 24,001 (1) Deficiency of revenues under expenditures (132) (132) Net change in fund balances (132) (132) (132) $ (132) Total revenues EXPENDITURES Current: Culture and recreation Total expenditures Fund balance – beginning Fund balance (deficit) – ending $ $ 163 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Expedited Child Support Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Miscellaneous Total revenues 440,000 4,500 $ 440,000 4,500 $ 449,339 7,733 $ 9,339 3,233 444,500 444,500 457,072 12,572 444,500 444,500 428,924 15,576 444,500 444,500 428,924 15,576 28,148 28,148 28,148 297,595 325,743 28,148 2,882 31,030 EXPENDITURES Current: Health, welfare and sanitation Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 294,713 294,713 164 $ 294,713 294,713 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Flood Control Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance With Final Budget Budgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Taxes $ Licenses and permits Intergovernmental Miscellaneous Total revenues 62,733,411 $ 62,733,411 $ 61,173,495 $ (1,559,916) 505,000 3,168,079 3,641,058 472,979 23,479,727 10,484,000 19,877,514 3,415,610 19,332,990 3,646,093 (544,524) 230,483 97,202,138 89,194,614 87,793,636 (1,400,978) 29,829,348 1,231,329 31,697,796 1,774,426 30,950,982 1,081,783 746,814 692,643 31,060,677 33,472,222 32,032,765 1,439,457 66,141,461 55,722,392 55,760,871 38,479 EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning (71,957,276) (62,903,731) (61,792,583) 1,111,148 (71,957,276) (62,903,731) (61,792,583) 1,111,148 (5,815,815) (7,181,339) (6,031,712) 1,149,627 5,815,815 5,815,815 16,671,496 180,759 10,820,543 10,855,681 180,759 12,186,067 Increase in reserve for inventory of supplies Fund balance (deficit) – ending $ $ 165 (1,365,524) $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual General Government Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 35,000 17,603,335 $ 1,456,495 14,636,724 $ 763,187 13,667 $ $ 17,638,335 $ 16,093,219 $ 776,854 $ (15,316,365) Miscellaneous Total revenues (693,308) (14,623,057) EXPENDITURES Current: General government 15,451,086 6,255,706 773,448 12,253 5,482,258 (12,253) 15,451,086 6,255,706 785,701 5,470,005 Excess (deficiency) of revenues over expenditures 2,187,249 9,837,513 (8,847) (9,846,360) Net change in fund balances 2,187,249 390,848 2,578,097 9,837,513 390,848 10,228,361 (8,847) 387,015 (9,846,360) (3,833) Capital outlay Total expenditures Fund balance – beginning Fund balance – ending $ 166 $ $ 378,168 $ (9,850,193) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Human Services Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Intergovernmental $ Miscellaneous Total revenues 37,703,565 274,283 $ 37,493,320 274,283 $ 36,996,528 565,797 $ (496,792) 291,514 37,977,848 37,767,603 37,562,325 (205,278) 36,472,605 660,000 36,556,825 365,535 37,323,192 421,395 (766,367) (55,860) 37,132,605 36,922,360 37,744,587 (822,227) 845,243 845,243 (182,262) (1,027,505) 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 (845,243) (845,243) 845,243 (845,243) (845,243) 845,243 (1,573,531) (1,573,531) Net change in fund balances Fund deficit – beginning Fund deficit – ending $ 167 (1,573,531) $ (1,573,531) (182,262) (4,589,751) $ (4,772,013) (182,262) (3,016,220) $ (3,198,482) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Inmate Health Services Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Charges for Services $ Miscellaneous 148,865 850 $ 148,865 850 $ 131,289 8,247 $ 149,715 149,715 301,738 301,738 301,738 301,738 301,738 301,738 Excess (deficiency) of revenues over expenditures (152,023) (152,023) 139,536 291,559 Net change in fund balances (152,023) 152,023 (152,023) 152,023 139,536 198,520 291,559 46,497 Total revenues 139,536 (17,576) 7,397 (10,179) EXPENDITURES Current: Public safety Total expenditures Fund balance – beginning Fund balance – ending $ $ 168 $ 338,056 $ 338,056 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Inmate Services Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Miscellaneous $ Total revenues 15,283,653 $ 15,283,653 $ 13,301,944 $ (1,981,709) 15,283,653 15,283,653 13,301,944 (1,981,709) 9,558,412 500,000 9,765,186 500,000 6,343,329 33,031 3,421,857 466,969 10,058,412 10,265,186 6,376,360 3,888,826 5,225,241 5,018,467 6,925,584 1,907,117 5,225,241 13,215,322 5,018,467 13,215,322 6,925,584 11,223,476 1,907,117 (1,991,846) EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 169 18,440,563 $ 18,233,789 $ 18,149,060 $ (84,729) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Judicial Enhancement Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services 186,000 $ $ 186,000 $ 1,276,192 6,000 1,104,602 51,188 (171,590) 45,188 1,287,192 1,468,192 1,341,790 (126,402) 1,761,555 2,000,970 22,585 1,247,133 302,202 753,837 (279,617) 1,761,555 2,023,555 1,549,335 474,220 (474,363) (555,363) (207,545) 347,818 Miscellaneous Total revenues 186,000 1,101,192 EXPENDITURES Current: Public safety Capital outlay Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances (474,363) 1,797,101 Fund balance – beginning Fund balance – ending $ 1,322,738 170 345,302 (345,302) 345,302 (345,302) (210,061) 1,797,101 $ 1,587,040 (207,545) 1,835,806 $ 1,628,261 2,516 38,705 $ 41,221 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Justice Court Judicial Enhancement Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ 583,869 24,835 Miscellaneous Total revenues $ 583,869 24,835 $ 560,451 66,291 $ (23,418) 41,456 608,704 608,704 626,742 18,038 608,704 608,704 372,876 235,828 608,704 608,704 372,876 235,828 253,866 253,866 253,866 2,065,304 253,866 (434,988) EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – ending 2,500,292 2,500,292 Fund balance – beginning $ 2,500,292 171 $ 2,500,292 $ 2,319,170 $ (181,122) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Justice Court Special Revenue Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) Revenues Charges for Services $ 2,044,296 17,756 Miscellaneous Total revenues $ 2,144,296 17,756 $ 2,890,884 95,968 $ 746,588 78,212 2,062,052 2,162,052 2,986,852 824,800 2,062,052 2,393,950 2,251,954 141,996 2,062,052 2,393,950 2,251,954 141,996 (231,898) 734,898 966,796 (231,898) 2,712,036 2,480,138 734,898 3,013,675 3,748,573 966,796 301,639 1,268,435 Expenditures Current: Public safety Total expenditures Excess (deficiency) of revenues under expenditures Net change in fund balances 2,712,036 2,712,036 Fund balance – beginning Fund balance – ending $ 172 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Juvenile Probation Diversion Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 284,629 $ 284,629 $ Miscellaneous Total revenues 304,836 16,351 $ 20,207 16,351 284,629 284,629 321,187 36,558 284,629 284,629 201,076 83,553 284,629 284,629 201,076 83,553 120,111 120,111 120,111 531,254 651,365 120,111 58,419 178,530 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances 472,835 472,835 Fund balance – beginning Fund balance – ending $ 173 $ 472,835 472,835 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Juvenile Probation Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 14,284,904 $ Miscellaneous Total revenues 16,001,655 276,248 $ 14,345,702 2,818 $ (1,655,953) (273,430) 14,284,904 16,277,903 14,348,520 (1,929,383) 14,284,904 16,277,903 14,108,691 2,169,212 14,284,904 16,277,903 14,108,691 2,169,212 239,829 239,829 239,829 (732,467) (492,638) 239,829 48,418 288,247 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund deficit – beginning Fund deficit – ending $ (780,885) (780,885) 174 $ (780,885) (780,885) $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Juvenile Probation Special Fees Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 900,000 $ 900,000 $ Miscellaneous Total revenues 831,996 25,993 $ (68,004) 25,993 900,000 900,000 857,989 (42,011) 900,000 900,000 765,688 134,312 900,000 900,000 765,688 134,312 92,301 92,301 92,301 892,749 985,050 92,301 39,083 131,384 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 853,666 853,666 175 $ 853,666 853,666 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Juvenile Restitution Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ 10,000 $ 10,000 $ 24,037 $ 14,037 10,000 10,000 24,037 14,037 50,000 50,000 29,925 20,075 50,000 50,000 29,925 20,075 Deficiency of revenues under expenditures (40,000) (40,000) (5,888) 34,112 Net change in fund balances (40,000) 65,396 25,396 (40,000) 65,396 25,396 (5,888) 86,750 80,862 34,112 21,354 55,466 Total revenues EXPENDITURES Current: Public safety Total expenditures Fund balance – beginning Fund balance – ending $ 176 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Lake Pleasant Recreation Services Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services 60,000 $ 60,000 $ $ 11,077 1,260,000 1,472,647 212,647 63,951 63,951 284 133,464 284 69,513 1,383,951 1,383,951 1,677,472 293,521 1,369,151 14,800 1,369,151 14,800 1,252,223 43,036 116,928 (28,236) 1,383,951 1,383,951 1,295,259 88,692 382,213 382,213 382,213 1,703,149 2,085,362 382,213 129,038 511,251 Fines and forfeits Miscellaneous Total revenues 71,077 1,260,000 EXPENDITURES Current: Culture and recreation Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 1,574,111 1,574,111 177 $ 1,574,111 1,574,111 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Law Library Fees Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Fines and forfeits Miscellaneous Total revenues 850,000 $ 850,000 $ 853,271 $ 3,271 2,000 23,000 2,000 23,000 2,527 64,623 527 41,623 875,000 875,000 920,421 45,421 875,000 875,000 785,005 89,995 875,000 875,000 785,005 89,995 135,416 135,416 135,416 350,711 135,416 (27,224) EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances 377,935 Fund balance – beginning Fund balance – ending $ 377,935 178 377,935 $ 377,935 $ 486,127 $ 108,192 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Legal Defender Fill the Gap Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 46,385 $ 53,385 $ Miscellaneous Total revenues 53,385 705 $ 705 46,385 53,385 54,090 705 46,385 53,385 52,801 584 46,385 53,385 52,801 584 1,289 1,289 1,289 10,805 1,289 1,587 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – ending 9,218 9,218 Fund balance – beginning $ 9,218 179 $ 9,218 $ 12,094 $ 2,876 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Library District Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes $ 13,976,029 Intergovernmental 17,242,557 $ 16,976,551 $ (266,006) 907,904 829,845 58,069 68,640 48,495 (20,145) 480,420 453,474 508,680 452,561 621,684 1,140,257 113,004 687,696 15,209,000 19,180,342 19,616,832 436,490 12,592,659 1,725,000 17,119,246 1,153,149 16,831,893 1,367,104 287,353 (213,955) 14,317,659 18,272,395 18,198,997 73,398 891,341 907,947 1,417,835 509,888 Charges for services Fines and forfeits Miscellaneous Total revenues $ 241,008 (78,059) EXPENDITURES Current: Culture and recreation Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING USES (913,635) (913,635) 913,635 (913,635) (913,635) 913,635 (22,294) 4,041,673 4,019,379 (5,688) 4,041,673 4,035,985 Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ 180 $ $ 1,417,835 6,545,048 7,962,883 $ 1,423,523 2,503,375 3,926,898 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Library District Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 25,000 Total revenues $ 177,480 $ 115,983 $ (61,497) 25,000 177,480 115,983 (61,497) 25,000 167,480 10,000 105,983 10,000 61,497 25,000 177,480 115,983 61,497 EXPENDITURES Current: Culture and recreation Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances (4,596) (4,596) Fund balance (deficit) – beginning Fund balance (deficit) – ending $ 181 $ (4,596) (4,596) $ $ 4,596 4,596 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Medical Examiner Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 12,689 $ 12,689 $ Miscellaneous Total revenues 259,946 839 $ 247,257 839 12,689 12,689 260,785 248,096 12,689 12,689 11,772 917 12,689 12,689 11,772 917 249,013 249,013 249,013 (249,013) 249,013 (31,537) 217,476 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund deficit – beginning Fund balance (deficit) – ending $ (217,476) (217,476) 182 $ (217,476) (217,476) $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Palo Verde Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 299,626 $ 299,626 $ Miscellaneous Total revenues 299,626 7,237 $ 7,237 299,626 299,626 306,863 7,237 313,084 313,084 293,490 19,594 313,084 313,084 293,490 19,594 (13,458) (13,458) 13,373 26,831 (24,282) (24,282) 24,282 (24,282) (24,282) 24,282 (37,740) 196,921 159,181 (37,740) 196,921 159,181 EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ 183 $ $ 13,373 220,921 234,294 $ 51,113 24,000 75,113 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Parks and Recreation Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 282,839 $ 638,445 $ Miscellaneous Total revenues 232,232 11,163 $ (406,213) 11,163 282,839 638,445 243,395 (395,050) 207,839 311,615 253,454 127,410 273,318 184,205 (19,864) 207,839 565,069 400,728 164,341 75,000 73,376 (157,333) (230,709) EXPENDITURES Current: Culture and recreation Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance (deficit) – ending $ (150,000) (150,000) 150,000 (150,000) (150,000) 150,000 (75,000) 78,554 3,554 (76,624) 78,554 1,930 184 $ $ (157,333) 74,810 (82,523) $ (80,709) (3,744) (84,453) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Parks Donations Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ Total revenues 160,000 $ 160,000 $ 301,743 $ 141,743 160,000 160,000 301,743 141,743 182,500 182,500 60,967 121,533 182,500 182,500 60,967 121,533 (22,500) (22,500) 240,776 263,276 EXPENDITURES Current: Culture and recreation Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING USES (88,500) (88,500) (88,500) (88,500) (88,500) (88,500) (111,000) 1,229,307 1,118,307 (111,000) 1,229,307 1,118,307 152,276 1,262,117 1,414,393 Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ 185 $ $ $ 263,276 32,810 296,086 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Parks Enhancement Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Fines and forfeits Miscellaneous Total revenues 1,602,200 $ 1,602,200 $ 1,798,086 $ 195,886 2,500 733,790 2,500 733,790 3,000 904,413 500 170,623 2,338,490 2,338,490 2,705,499 367,009 2,382,819 133,845 2,334,454 182,210 2,240,023 173,825 94,431 8,385 2,516,664 2,516,664 2,413,848 102,816 (178,174) (178,174) 291,651 469,825 35,000 (256,384) 70,000 (256,384) 69,169 (187,284) (831) 69,100 (221,384) (186,384) (118,115) 68,269 (399,558) 1,833,822 1,434,264 (364,558) 1,833,822 1,469,264 173,536 2,311,555 2,485,091 538,094 477,733 1,015,827 EXPENDITURES Current: Culture and recreation Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ 186 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Parks Souvenir Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Miscellaneous $ Total revenues 105,000 $ 140,000 $ 120,610 $ (19,390) 105,000 140,000 120,610 (19,390) 70,000 70,000 51,519 18,481 70,000 70,000 51,519 18,481 35,000 70,000 69,091 (909) EXPENDITURES Current: Culture and recreation Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses (35,000) (70,000) (69,169) 831 (35,000) (70,000) (69,169) 831 21,302 21,302 21,302 21,302 (78) 25,001 24,923 (78) 3,699 3,621 Net change in fund balances Fund balance – beginning Fund balance – ending $ 187 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Parks Spur Cross Ranch Conservation Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Intergovernmental $ Charges for services 420,000 $ 420,000 $ 385,000 $ (35,000) 20,000 2,500 20,000 2,500 31,356 21,751 11,356 19,251 442,500 442,500 438,107 (4,393) 433,000 250,000 433,000 250,000 402,909 30,091 250,000 683,000 683,000 402,909 280,091 Excess (deficiency) of revenues over expenditures (240,500) (240,500) 35,198 275,698 Net change in fund balances (240,500) 376,944 136,444 (240,500) 376,944 136,444 35,198 386,543 421,741 275,698 9,599 285,297 Miscellaneous Total revenues EXPENDITURES Current: Culture and recreation Capital outlay Total expenditures Fund balance – beginning Fund balance – ending $ 188 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Planning and Development Fees Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ Charges for services Fines and forfeits Miscellaneous Total revenues 8,065,435 $ 9,271,264 $ 10,332,164 $ 1,060,900 3,838,595 4,387,360 5,023,630 636,270 900 172,500 900 172,500 20,630 857,918 19,730 685,418 12,077,430 13,832,024 16,234,342 2,402,318 13,090,924 65,500 14,657,775 253,243 15,105,829 176,281 (448,054) 76,962 13,156,424 14,911,018 15,282,110 (371,092) (1,078,994) (1,078,994) 952,232 2,031,226 EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ 189 (371,093) (371,093) 371,093 (371,093) (371,093) 371,093 (1,450,087) 17,035,507 15,585,420 (1,450,087) 17,035,507 15,585,420 $ $ 952,232 16,431,866 17,384,098 $ 2,402,319 (603,641) 1,798,678 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Probate Fees Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Charges for services $ 370,000 2,000 Miscellaneous Total revenues $ 370,000 2,000 $ 385,648 6,057 $ 15,648 4,057 372,000 372,000 391,705 19,705 372,000 372,000 346,595 25,405 372,000 372,000 346,595 25,405 45,110 45,110 45,110 210,042 255,152 45,110 37,762 82,872 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances 172,280 172,280 Fund balance – beginning Fund balance – ending $ 190 $ 172,280 172,280 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Public Defender Fill the Gap Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services 379,421 $ 379,421 $ $ 81,425 1,266,682 951,845 18,145 (314,837) 18,145 1,392,366 1,646,103 1,430,836 (215,267) 1,262,366 130,000 1,516,103 130,000 1,223,847 292,256 130,000 1,392,366 1,646,103 1,223,847 422,256 206,989 206,989 206,989 226,088 433,077 206,989 (322,946) (115,957) Miscellaneous Total revenues 460,846 1,012,945 EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances 549,034 549,034 Fund balance – beginning Fund balance – ending $ 191 $ 549,034 549,034 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Public Defender Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Miscellaneous 401,661 5,000 $ 353,441 5,000 $ 327,999 $ (25,442) (5,000) 406,661 358,441 327,999 (30,442) 406,661 358,441 353,441 5,000 406,661 358,441 353,441 5,000 Deficiency of revenues under expenditures (25,442) (25,442) Net change in fund balances (25,442) (25,442) Total revenues EXPENDITURES Current: Public safety Total expenditures Fund balance (deficit) – beginning Fund balance (deficit) – ending $ $ 192 $ (25,442) $ (25,442) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Public Defender Training Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Miscellaneous Total revenues 500,596 6,698 $ 500,596 6,698 $ 477,550 12,629 $ (23,046) 5,931 507,294 507,294 490,179 (17,115) 507,294 507,294 480,233 27,061 507,294 507,294 480,233 27,061 9,946 9,946 9,946 (3,206) 6,740 9,946 (137,221) (127,275) EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance (deficit) – beginning Fund balance – ending $ 134,015 134,015 193 $ 134,015 134,015 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Public Health Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 41,458,518 Charges for Services 45,045,876 $ 42,007,733 $ (3,038,143) 131,780 2,050 168,316 36,536 (2,050) 41,592,348 45,179,706 42,176,049 (3,003,657) 40,012,890 14,710 44,088,094 14,710 40,819,629 53,358 3,268,465 (38,648) 40,027,600 44,102,804 40,872,987 3,229,817 1,564,748 1,076,902 1,303,062 226,160 1,355,510 (1,564,748) (1,564,748) 1,355,510 1,564,748 (1,564,748) (1,564,748) 1,355,510 2,920,258 (487,846) 2,658,572 3,146,418 (2,595,426) (2,595,426) (4,467,855) 311,223 (1,498,060) (1,872,429) 311,223 1,585,212 Miscellaneous Total revenues $ 131,780 2,050 EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources (uses) Net change in fund balances Fund deficit – beginning Increase in reserve for inventories Fund deficit – ending $ (2,595,426) 194 $ (3,083,272) $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Public Health Fees Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for Services $ 3,305,761 $ 3,305,761 $ Miscellaneous Total revenues 4,507,587 35,912 $ 1,201,826 35,912 3,305,761 3,305,761 4,543,499 1,237,738 3,393,110 151,032 3,393,110 151,032 3,492,513 16,486 (99,403) 134,546 3,544,142 3,544,142 3,508,999 35,143 (238,381) (238,381) 1,034,500 1,272,881 45,000 (202,918) 45,000 (202,918) 29,040 (15,960) 202,918 (157,918) (157,918) 29,040 186,958 (396,299) (396,299) 1,063,540 1,459,839 680,540 680,540 1,423,306 (53,444) 2,433,402 742,766 (53,444) 2,149,161 EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess (deficiency) of revenues under expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources (uses) Net change in fund balances Fund balance – beginning Decrease in reserve for inventories Fund balance – ending $ 195 284,241 $ 284,241 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Recorder’s Surcharge Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Miscellaneous 5,210,000 160,000 $ 5,210,000 160,000 $ 7,602,050 320,870 $ 2,392,050 160,870 5,370,000 5,370,000 7,922,920 2,552,920 6,934,286 575,000 6,999,263 575,000 6,149,113 590,511 850,150 (15,511) 7,509,286 7,574,263 6,739,624 834,639 Excess (deficiency) of revenues over expenditures (2,139,286) (2,204,263) 1,183,296 3,387,559 Net change in fund balances (2,139,286) 8,720,003 6,580,717 (2,204,263) 8,720,003 6,515,740 1,183,296 10,075,797 11,259,093 3,387,559 1,355,794 4,743,353 Total revenues EXPENDITURES Current: General government Capital outlay Total expenditures Fund balance – beginning Fund balance – ending $ 196 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Research and Reporting Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ $ Charges for service 65,287 $ (65,287) 334,000 227,420 78,758 (106,580) 78,758 334,000 399,287 306,178 (93,109) 299,498 364,785 272,604 92,181 299,498 364,785 272,604 92,181 34,502 34,502 33,574 (928) Miscellaneous Total revenues $ 334,000 EXPENDITURES Current: General government Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses (34,502) (34,502) (150,975) (116,473) (34,502) (34,502) (150,975) (116,473) 12,347 12,347 (117,401) 117,401 (117,401) 105,054 Net change in fund balances Fund balance – beginning Fund balance – ending $ 12,347 197 $ 12,347 $ $ (12,347) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Sheriff Donations Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ 16,400 Total revenues $ 16,400 $ 17,485 $ 1,085 16,400 16,400 17,485 1,085 16,400 16,400 10,284 6,116 16,400 16,400 10,284 6,116 7,201 7,201 7,201 32,417 7,201 3,476 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances 28,941 Fund balance – beginning Fund balance – ending $ 28,941 198 28,941 $ 28,941 $ 39,618 $ 10,677 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Sheriff Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 4,739,549 $ 6,287,436 $ Fines and forfeits Miscellaneous Total revenues 4,916,005 $ (1,371,431) 28,460 2,525 28,460 2,525 4,739,549 6,287,436 4,946,990 (1,340,446) 4,167,559 571,990 3,948,007 2,339,429 3,456,822 895,162 491,185 1,444,267 4,739,549 6,287,436 4,351,984 1,935,452 595,006 595,006 595,006 (747,526) (152,520) 595,006 (919,799) (324,793) EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance (deficit) – beginning Fund balance (deficit) – ending $ 172,273 172,273 199 $ 172,273 172,273 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Sheriff Jail Enhancement Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 2,050,000 $ 2,050,000 $ Miscellaneous Total revenues 1,644,011 1,643 $ (405,989) 1,643 2,050,000 2,050,000 1,645,654 (404,346) 1,788,933 261,067 1,788,933 261,067 1,218,278 369,962 570,655 (108,895) 2,050,000 2,050,000 1,588,240 461,760 57,414 57,414 57,414 544,001 601,415 57,414 577,544 634,958 EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances (33,543) (33,543) Fund balance (deficit) – beginning Fund balance (deficit) – ending $ 200 $ (33,543) (33,543) $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Sheriff RICO Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ 745,000 Total revenues $ 1,250,000 $ 1,019,149 $ (230,851) 745,000 1,250,000 1,019,149 (230,851) 608,000 137,000 980,882 269,118 819,390 208,657 161,492 60,461 745,000 1,250,000 1,028,047 221,953 (8,898) (8,898) (8,898) (25,532) (34,430) (8,898) (47,319) (56,217) EXPENDITURES Current: Public safety Capital outlay Total expenditures Deficiency of revenues under expenditures Net change in fund balances 21,787 21,787 Fund balance (deficit) – beginning Fund balance (deficit) – ending $ 201 $ 21,787 21,787 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Spousal Maintenance Enforcement Enhancement Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Charges for Services $ Miscellaneous Total revenues 111,000 750 $ 111,000 750 $ 133,800 3,506 $ 22,800 2,756 111,750 111,750 137,306 25,556 111,750 111,750 73,006 38,744 111,750 111,750 73,006 38,744 64,300 64,300 64,300 23,543 87,843 64,300 (70,929) (6,629) EXPENDITURES Current: Public Safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 94,472 94,472 202 $ 94,472 94,472 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Superior Court Fill the Gap Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Miscellaneous Total revenues 1,546,846 1,000 $ 1,782,651 1,000 $ 1,737,703 $ (44,948) (1,000) 1,547,846 1,783,651 1,737,703 (45,948) 1,547,846 1,783,651 1,738,407 45,244 1,547,846 1,783,651 1,738,407 45,244 (704) (704) (704) 295,715 295,011 (704) 41,751 41,047 EXPENDITURES Current: Public safety Total expenditures Deficiency of revenues under expenditures Net change in fund balances 253,964 253,964 Fund balance – beginning Fund balance – ending $ 203 $ 253,964 253,964 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Transportation Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 1,892,962 $ 1,892,962 $ 370,123 $ (1,522,839) 1,892,962 1,892,962 370,123 (1,522,839) 892,962 1,000,000 892,962 1,000,000 471,837 421,125 1,000,000 1,892,962 1,892,962 471,837 1,421,125 Deficiency of revenues under expenditures (101,714) (101,714) Net change in fund balances (101,714) (349,783) (451,497) (101,714) (349,783) (451,497) Total revenues EXPENDITURES Current: Highways and streets Capital outlay Total expenditures Fund balance (deficit) – beginning Fund balance (deficit) – ending $ $ 204 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Transportation Operations Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Licenses and permits $ Intergovernmental Miscellaneous Total revenues 1,800,000 $ 1,800,000 $ 2,901,458 $ 1,101,458 103,542,343 725,000 103,542,343 725,000 106,676,177 2,294,367 3,133,834 1,569,367 106,067,343 106,067,343 111,872,002 5,804,659 48,989,301 3,137,802 48,990,648 3,884,802 47,291,211 3,270,623 1,699,437 614,179 52,127,103 52,875,450 50,561,834 2,313,616 53,940,240 53,191,893 61,310,168 8,118,275 (69,060,233) (68,311,886) (66,727,441) 1,584,445 (69,060,233) (68,311,886) (66,727,441) 1,584,445 (15,119,993) (15,119,993) (5,417,273) 9,702,720 15,119,993 15,119,993 17,521,954 262,188 12,366,869 2,401,961 262,188 12,366,869 EXPENDITURES Current: Highways and streets Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Increase in reserve for inventories Fund balance – ending $ $ 205 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Trial Court Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 1,930,131 $ Miscellaneous Total revenues 1,923,302 6,829 $ 1,754,974 $ (168,328) (6,829) 1,930,131 1,930,131 1,754,974 (175,157) 1,930,131 1,930,131 1,711,283 218,848 1,930,131 1,930,131 1,711,283 218,848 43,691 43,691 43,691 (43,691) 43,691 (9,613) 34,078 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances (34,078) (34,078) Fund deficit – beginning Fund balance (deficit) – ending $ 206 $ (34,078) (34,078) $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Trial Court Special Revenue Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance With Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services Miscellaneous Total revenues 1,334,355 $ 1,520,838 $ 1,534,237 $ 13,399 4,878,907 94,000 4,739,321 47,103 4,442,306 126,251 (297,015) 79,148 6,307,262 6,307,262 6,102,794 (204,468) 6,307,262 6,255,414 551,848 5,712,016 51,846 543,398 500,002 6,307,262 6,807,262 5,763,862 1,043,400 (500,000) 338,932 838,932 EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance– beginning Fund balance – ending $ 2,332,523 2,332,523 207 $ (345,302) 345,302 (345,302) 345,302 (845,302) 2,332,523 1,487,221 $ 338,932 2,404,396 2,743,328 $ 1,184,234 71,873 1,256,107 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Victim Compensation Interest Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ 40,000 $ 40,000 $ 23,606 $ 40,000 465,000 465,000 465,000 465,000 465,000 465,000 Excess (deficiency) of revenues over expenditures (425,000) (425,000) 23,606 448,606 Net change in fund balances (425,000) 471,799 46,799 (425,000) 471,799 46,799 23,606 490,287 513,893 448,606 18,488 467,094 Total revenues 23,606 (16,394) 40,000 (16,394) EXPENDITURES Current: Public safety Total expenditures Fund balance – beginning Fund balance – ending $ 208 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Victim Compensation Restitution Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and Forfeits $ 36,000 $ Miscellaneous Total revenues 33,000 3,000 $ 122,342 11,061 $ 133,403 89,342 8,061 36,000 36,000 97,403 126,000 126,000 126,000 126,000 126,000 126,000 (90,000) (90,000) 133,403 223,403 (90,000) 177,149 87,149 (90,000) 177,149 87,149 133,403 290,742 424,145 223,403 113,593 336,996 EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 209 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Victim Location Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance With Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ 3,300 $ 3,300 $ 5,608 $ 2,308 3,300 3,300 5,608 2,308 37,718 37,718 7,440 30,278 37,718 37,718 7,440 30,278 Deficiency of revenues under expenditures (34,418) (34,418) (1,832) 32,586 Net change in fund balances (34,418) 79,148 44,730 (34,418) 79,148 44,730 (1,832) 75,051 73,219 32,586 (4,097) 28,489 Total revenues EXPENDITURES Current: Public safety Total expenditures Fund balance – beginning Fund balance – ending $ 210 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Waste Management Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for Services $ Miscellaneous 70,000 9,500 $ 70,000 9,500 $ 10,799 17,980 $ (59,201) 8,480 79,500 79,500 28,779 (50,721) 564,274 564,274 129,994 434,280 564,274 564,274 129,994 434,280 Deficiency of revenues under expenditures (484,774) (484,774) (101,215) 383,559 Net change in fund balances (484,774) 498,864 14,090 (484,774) 498,864 14,090 (101,215) 568,518 467,303 383,559 69,654 453,213 Total revenues EXPENDITURES Current: Public safety Total expenditures Fund balance – beginning Fund balance – ending $ 211 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Waste Tire Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2006 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for Services Miscellaneous Total revenues 4,000,000 $ 4,000,000 $ 4,620,134 $ 620,134 30,000 120,000 30,000 120,000 68,400 193,348 38,400 73,348 4,150,000 4,150,000 4,881,882 731,882 3,856,693 180,200 3,884,731 180,200 3,831,454 27,173 53,277 153,027 4,036,893 4,064,931 3,858,627 206,304 113,107 85,069 1,023,255 938,186 EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ (38,660) (38,660) 38,660 (38,660) (38,660) 38,660 74,447 5,298,598 5,373,045 46,409 5,298,598 5,345,007 212 $ $ 1,023,255 5,823,815 6,847,070 $ 976,846 525,217 1,502,063 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual County Improvement Debt Fund – Debt Service Fund For the Fiscal Year Ended June 30, 2006 Variance With Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Miscellaneous Total revenues 3,293,935 1,400,000 $ 3,293,935 1,400,000 $ 1,395,932 4,547,357 $ (1,898,003) 3,147,357 4,693,935 4,693,935 5,943,289 1,249,354 17,416,902 28,688,181 14,014,076 14,674,105 5,507,349 16,258 (5,507,349) (16,258) EXPENDITURES Debt service: Principal Interest Other expenditures Total expenditures Deficiency of revenues under expenditures 17,416,902 28,688,181 19,537,683 9,150,498 (12,722,967) (23,994,246) (13,594,394) 10,399,852 OTHER FINANCING SOURCES (USES) Transfers in 2,571,736 4,229,034 Transfers out (113,017) (10,605,000) 1,657,298 (10,605,000) 2,571,736 2,571,736 (6,488,983) (9,060,719) (10,151,231) 28,408,183 18,256,952 (21,422,510) 28,408,183 6,985,673 (20,083,377) 47,296,035 27,212,658 1,339,133 18,887,852 20,226,985 Payment to escrow agent Total other financing sources (uses) Net change in fund balances Fund balance – beginning Fund balance – ending 4,116,017 (1,657,298) $ 213 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Stadium District Debt Service Fund – Debt Service Fund For the Fiscal Year Ended June 30, 2006 Variance With Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes $ Miscellaneous Total revenues 5,215,094 300,000 $ 5,215,094 300,000 $ 6,493,520 525,071 $ 1,278,426 225,071 5,515,094 5,515,094 7,018,591 1,503,497 5,442,594 5,442,594 2,685,000 2,757,594 2,737,594 1,250 (2,737,594) (1,250) EXPENDITURES Debt service: Principal Interest Other expenditures Total expenditures 5,442,594 5,442,594 5,423,844 18,750 72,500 72,500 1,594,747 1,522,247 Excess of revenues over expenditures OTHER FINANCING USES (482,500) (1,222,500) (1,217,725) 4,775 (482,500) (1,222,500) (1,217,725) 4,775 (410,000) 2,216,682 (1,150,000) 2,216,682 377,022 10,320,528 1,527,022 8,103,846 Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ 1,806,682 214 $ 1,066,682 $ 10,697,550 $ 9,630,868 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual County Improvement Fund – Capital Projects Fund For the Fiscal Year Ended June 30, 2006 Variance With Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ $ 16,000 $ 725,553 (16,000) 725,553 16,000 725,553 709,553 66,674,304 75,453,250 32,591,437 42,861,813 66,674,304 75,453,250 32,591,437 42,861,813 (66,674,304) (75,437,250) (31,865,884) 43,571,366 Miscellaneous Total revenues $ EXPENDITURES Capital outlay Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES Proceeds from bond issuance Total other financing sources Net change in fund balances Fund balance – beginning Fund balance (deficit) – ending $ 24,000,000 24,000,000 3,000,000 (21,000,000) 24,000,000 24,000,000 3,000,000 (21,000,000) (42,674,304) 34,409,878 (51,437,250) 34,409,878 (28,865,884) 31,461,006 22,571,366 (2,948,872) (8,264,426) 215 $ (17,027,372) $ 2,595,122 $ 19,622,494 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Detention Capital Projects Fund – Capital Projects Fund For the Fiscal Year Ended June 30, 2006 Variance With Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) EXPENDITURES Capital outlay $ Total expenditures Deficiency of expenditures under revenues 22,800,000 $ 22,799,883 $ 5,581,373 $ 17,218,510 22,800,000 22,799,883 5,581,373 17,218,510 (22,800,000) (22,799,883) (5,581,373) 17,218,510 OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending $ 14,977,841 14,977,841 14,977,841 14,977,841 14,977,841 14,977,841 (7,822,159) 9,164,377 1,342,218 (7,822,042) 9,164,377 1,342,335 9,396,468 12,876,066 22,272,534 216 $ $ $ 17,218,510 3,711,689 20,930,199 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Flood Control Capital Projects Fund – Capital Projects Fund For the Fiscal Year Ended June 30, 2006 Variance With Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) EXPENDITURES Capital Outlay $ Total expenditures Deficiency of revenues under expenditures 62,142,000 $ 64,242,000 $ 58,006,294 $ 6,235,706 62,142,000 64,242,000 58,006,294 6,235,706 (62,142,000) (64,242,000) (58,006,294) 6,235,706 OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending $ 70,816,471 61,762,926 61,762,926 70,816,471 61,762,926 61,762,926 8,674,471 5,980,426 14,654,897 (2,479,074) 5,980,426 3,501,352 3,756,632 15,537,185 19,293,817 217 $ $ $ 6,235,706 9,556,759 15,792,465 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual General Fund County Improvements Fund – Capital Projects Fund For the Fiscal Year Ended June 30, 2006 Variance With Final Budget Budgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Miscellaneous $ $ $ Total revenues 49,751 $ 49,751 49,751 49,751 EXPENDITURES Capital outlay Total expenditures Deficiency of expenditures under revenues 10,262,404 14,762,048 7,294,513 7,467,535 10,262,404 14,762,048 7,294,513 7,467,535 (10,262,404) (14,762,048) (7,244,762) 7,517,286 OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending $ 8,125,000 14,300,000 14,300,000 8,125,000 14,300,000 14,300,000 (2,137,404) 13,513,636 11,376,232 (462,048) 13,513,636 13,051,588 7,055,238 13,187,669 20,242,907 218 $ $ $ 7,517,286 (325,967) 7,191,319 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Intergovernmental Capital Projects Fund – Capital Projects Fund For the Fiscal Year Ended June 30, 2006 Variance With Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ Total revenues 4,148,623 $ 4,148,623 $ 401,037 $ (3,747,586) 4,148,623 4,148,623 401,037 (3,747,586) 5,691,348 5,691,348 516,968 5,174,380 5,691,348 5,691,348 516,968 5,174,380 (1,542,725) (1,542,725) (115,931) 1,426,794 15,000,000 463,901 15,000,000 463,901 244,801 (15,000,000) (219,100) 15,463,901 15,463,901 244,801 (15,219,100) 13,921,176 1,108,008 15,029,184 13,921,176 1,108,008 15,029,184 128,870 9,004,123 9,132,993 (13,792,306) 7,896,115 (5,896,191) EXPENDITURES Capital outlay Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES Transfers in Proceeds from bond issuance Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending $ 219 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Long Term Project Reserve Fund – Capital Projects Fund For the Fiscal Year Ended June 30, 2006 Variance With Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes $ Miscellaneous Total revenues 493,683 $ 1,243,683 $ 5,294 1,073,832 $ 5,294 (169,851) 493,683 1,243,683 1,079,126 (164,557) 3,000 5,748,000 3,880,572 1,867,428 3,000 5,748,000 3,880,572 1,867,428 490,683 (4,504,317) (2,801,446) 1,702,871 EXPENDITURES Capital outlay Total expenditures Excess (deficiency) of expenditures over revenues OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending $ 1,600,137 3,600,137 3,267,653 (332,484) 1,600,137 3,600,137 3,267,653 (332,484) 2,090,820 10,679,194 12,770,014 (904,180) 10,679,194 9,775,014 466,207 9,348,934 9,815,141 1,370,387 (1,330,260) 40,127 220 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Transportation Capital Projects Fund – Capital Projects Fund For the Fiscal Year Ended June 30, 2006 Variance With Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 29,366,281 $ 29,366,281 $ Miscellaneous Total revenues 8,847,363 2,053,408 $ (20,518,918) 2,053,408 29,366,281 29,366,281 10,900,771 (18,465,510) 110,571,009 110,571,009 83,364,282 27,206,727 110,571,009 110,571,009 83,364,282 27,206,727 (81,204,728) (81,204,728) (72,463,511) 8,741,217 67,475,788 (63,045) 66,727,441 (63,045) 66,727,441 67,412,743 66,664,396 66,727,441 63,045 (13,791,985) 38,672,702 24,880,717 (14,540,332) 38,672,702 24,132,370 (5,736,070) 37,876,584 32,140,514 8,804,262 (796,118) 8,008,144 EXPENDITURES Capital outlay Total expenditures Deficiency of expenditures under revenues OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending $ 221 $ 63,045 $ $ Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects For the Fiscal Year Ended June 30, 2006 Budgeted Amounts Original Actual Amounts Final Variance with Final Budget GENERAL GOVERNMENT County Improvement Chandler Consolidated Justice $ 5,080,000 Durango Animal Care and Control $ 8,849,183 $ 1,477,814 $ 7,371,369 0 1,600,000 0 1,600,000 Downtown Consolidated Justice Court 30,250,000 27,995,922 22,456,891 5,539,031 Human Services Campus 11,981,290 5,418,895 4,462,409 956,486 894,559 662,315 384,620 277,695 3,000,000 3,356,571 3,315,640 40,931 973,455 813,455 0 813,455 New Admin Services Parking Northwest Consolidated Justice Court Project Reserve Public Health Clinic Southeast Consolidated Justice Southwest Consolidated Justice Total County Improvement 600,000 389,517 183,574 205,943 8,000,000 5,895,000 7,995,522 18,371,870 285,417 25,072 7,710,105 18,346,798 $ 66,674,304 $ 75,453,250 $ $ 1,778,390 $ 1,901,324 $ 32,591,437 $ 42,861,813 0 $ 1,901,324 Intergovernmental Capital Projects Buckeye Hills Shooting Range Comfort Station Improvements 244,801 244,801 244,941 (140) Environmental Services Building 100,000 100,686 29,528 71,158 McDowell Track Comfort Station Southwest Consolidation Justice Courts Project Reserve Total Intergovernmental Capital Projects 219,100 219,100 0 219,100 2,815,000 534,057 2,815,000 410,437 245,902 (3,403) 2,569,098 413,840 $ 5,691,348 $ 5,691,348 $ $ 0 $ 3,233,712 $ 516,968 $ 5,174,380 388 $ 3,233,324 General Fund County Improvement Downtown Consolidated Justice Entry Stations, Monuments and Restrooms 0 1,650,003 86,671 1,563,332 Estrella Mountain Irrigation System 0 745,000 125,008 619,992 Maricopa Regional Trail System 953,000 1,000,000 38,693 961,307 McDowell Track Comfort Station 80,900 80,900 19,492 61,408 2,500,000 879,090 872,224 6,866 0 87,957 0 87,957 Northeast Regional Center Northwest Consolidated Justice Courts Project Reserve Security Building 20,128 20,128 0 20,128 5,800,000 5,452,025 5,195,774 256,251 0 700,000 55,000 645,000 0 908,376 4,997 908,236 4,247 897,016 750 11,220 Usery Mountain Water System White Tank Dump Station Comfort Station Improvements Total General Fund County Improvement $ 10,262,404 $ 14,762,048 $ 7,294,513 $ 7,467,535 $ 2,700,000 $ 2,700,000 $ 836,023 $ 1,863,977 CRIMINAL JUSTICE FACILITES 4th Avenue Jail Durango Jail Demolition 50,000 50,000 0 50,000 11,100,000 11,100,000 2,727,922 8,372,078 Lower Buckeye Jail 4,000,000 4,000,000 1,357,154 2,642,846 Madison Street Jail Renovation 4,850,000 100,000 4,849,883 100,000 560,274 100,000 4,289,609 0 Juvenile Durango Towers Jail Renovations Total Criminal Justice Facilities $ 22,800,000 222 $ 22,799,883 $ 5,581,373 $ 17,218,510 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) For the Fiscal Year Ended June 30, 2006 Budgeted Amounts Final Original Actual Amounts Variance with Final Budget PUBLIC SAFETY ACDC ADMP Adobe Dam ADMP Agua Fria River Flow Easement Arlington Valley Buckeye #1 Durango ADMP East Maricopa Floodway East Mesa ADMP Glendale/Peoria ADMP Hassayampa River Higley ADMP Maryvale ADMP McMicken Dam Metro ADMP Non-Project Paradise Valley, Scottsdale, Phoenix Project Reserve (Flood) Queen Creek ADMP S Phoenix Drainage Improvement Salt/Gila River Scatter Wash Channel Skunk Creek/New River Spook Hill ADMP Spook Hill FRS & Outlet Upper New River White Tanks ADMP White Tanks Dam #4 Wickenburg ADMS Wittman ADMP Total Public Safety $ $ 335,000 20,000 0 0 20,000 4,315,000 4,709,000 2,861,000 4,028,000 0 10,000 10,433,000 2,665,000 1,118,000 3,252,000 1,817,000 350,000 580,000 1,037,000 50,000 630,000 9,853,000 1,162,000 0 0 12,227,000 20,000 650,000 0 62,142,000 $ 2,000 85,000 2,946,000 55,000 2,670,000 470,000 710,000 0 305,000 1,000 1,000 1,000 155,000 0 0 0 205,000 2,080,000 5,000 $ $ 442,000 773,080 3,000 0 0 1,224,000 12,168,000 3,068,000 4,118,000 1,006 6,000 13,250,000 2,050,000 9,000 142,000 2,844,350 1,185,000 2,013,000 1,162,000 16,000 4,000 8,604,000 2,532,000 55,000 248,002 7,730,000 0 576,641 17,921 64,242,000 $ 2,000 85,000 6,000 175,000 5,000 470,000 15,000 100,000 305,000 631,000 8,731,000 501,000 1,005,000 250,000 325,000 5,000 380,000 1,080,000 55,000 $ $ 277,373 691,739 0 482 0 735,507 11,897,795 3,055,339 3,816,485 1,917 2,687 12,850,166 1,940,620 10,282 0 2,803,002 0 2,083,738 1,057,577 18,070 4,143 8,653,763 2,491,670 59,467 219,818 4,689,373 0 628,627 16,654 58,006,294 $ 0 813 57 75,801 1,288 18,471 122 56,918 76,193 538,706 8,306,075 502,065 1,002,858 154,794 1,290 (5,409) 220,137 1,108,119 53,385 $ $ 164,627 81,341 3,000 (482) 0 488,493 270,205 12,661 301,515 (911) 3,313 399,834 109,380 (1,282) 142,000 41,348 1,185,000 (70,738) 104,423 (2,070) (143) (49,763) 40,330 (4,467) 28,184 3,040,627 0 (51,986) 1,267 6,235,706 HIGHWAYS AND STREETS 115th Ave Bridge At Gila River 51st Ave: Santa Cruz-Gric Bdry 51st Ave:Broadway-Baseline 67th Ave:Pinnacle Peak - Happy Valley 75th Ave:Mc85 - Van Buren 7th St: Carefree Hwy-Desert Hi 83rd Ave:Northern Olive 99th Ave Al Palmeras Airport Information System Alma School: McLellan - McKellips Alma School: North Brdg Grd Ctrl Strc Apache Bl Bridge/Tempe Canal Avondale Blvd: I-10 - McDowell AzTech Smart Corridors Phiii AzTech Smart Corridors Baseline:7th Ave-43rd Ave Beardsley Rd @ Agua Fria River Bell Rd At R H Johnson Bell Rd: SR 303L / Grand Ave $ 223 2,000 84,187 5,943 99,199 3,712 451,529 14,878 43,082 228,807 92,294 424,925 (1,065) 2,142 95,206 323,710 10,409 159,863 (28,119) 1,615 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) For the Fiscal Year Ended June 30, 2006 Budgeted Amounts Final Original Bell Rd: SR 303-L101 Its Imp Bethany Home Rd @ Dysart Rd Brown Rd: Ellsworth – Crismon Bush Highway: Usery - Stewart Mountain Camelback Rd At Litchfield Rd Candidate Assessment Reports Cave Crk "Lone Mt- Carefree Hwy Chandler Heights At Sanoki Wash Chandler Heights: Culver At E Canal Chandler Heights Rd @ 124th St Contract Overlay Fy04 Cotton Lane At McDowell Cotton Lane Bridge @ Gila River Deer Valley @ Agua Fria River Deer Valley Rd:83rd - 91st Ave Del Webb Blvd At 99th Ave Desert Hills @ Skunk Creek Dobson Rd Bridge @ Salt River Dynamite Blvd Cc Rd - 56th St Dysart Bridge @ Colter Channel El Mirage: Northern / Bell El Mirage: Beardsley - Loop 303 El Mirage: Bell – Beardsley Ellsworth German –Baseline Ellsworth Rd: Hunt Hwy - Riggs Ellsworth:Uiv- Mclellan Estrella Interim Loop 303ii Fig Springs: New River - Tnf Fire Sta @ 11th Ave Gdacs:Geod Dnsif/Cadast Srvys General Civil Engineering Geotechnical On-Call Services Gilbert Rd: Loop 202 - Pecos Gilbert Rd: McDowell – SR 87 Gilbert Rd: Warner - Water Tank Greenway Rd @ Sr303 Honda Bow: 7th Ave To 11th Ave Indian School: Litchfield – Dysar Indian School At Old Litchfiel Laveen Area Conveyance Channel Litchfield Rd Underpass Low Volume Roads Program Lower Buckeye Rd @ 67th Ave Loop 303:Indian School –Clearview Maricopa Road Fence Mc 85 @ Miller Rd Mc 85 At 83/91/99/107 & 115th Mc 85 Est: Sr 85 To Turner Rd Mc 85:107th Ave - 91st Ave Mc 85:91st Ave - 75th Ave Mc 85:Cotton Lane-Estrella Pkwy Mc 85:El Mirage - 115th Ave Mc85 At 119th Ave $ 1,070,000 367,500 1,175,000 10,000 0 800,000 1,000 5,000 6,000 135,000 0 0 25,595,000 205,000 85,000 0 185,000 280,000 290,000 320,000 150,000 0 0 17,385,000 270,000 6,275,000 0 30,000 53,750 250,000 500,000 0 835,000 8,820,000 401,000 30,000 85,000 1,085,000 0 0 0 2,050,000 217,000 0 0 150,000 0 1,702,914 440,000 950,000 3,000 0 0 224 $ 1,570,000 487,500 610,000 45,000 80,000 925,000 1,000 200,000 76,000 135,000 2,500 200,000 11,860,000 282,500 85,000 10,000 36,000 10,000 290,000 320,000 255,000 460,000 500,000 17,385,000 270,000 6,595,000 10,000 112,000 53,750 250,000 1,100,000 85,000 835,000 12,705,000 403,000 415,000 85,000 1,071,500 170,000 2,500 100,000 2,050,000 217,000 323,765 1,000,000 160,000 530,000 1,842,914 490,000 250,000 1,254,419 20,000 200,000 Actual Amounts $ 1,268,750 455,703 500,207 40,917 19,429 811,816 0 134,286 29,263 10,320 2,322 14,545 2,390,224 271,202 82,542 0 26,052 10,000 108,722 20,343 197,016 139,556 188,433 15,061,527 42,148 7,106,323 13,131 93,019 17,084 157,461 721,550 0 10,599 12,740,029 402,527 404,676 104,870 574,239 5,983 1,790 24,032 2,163,141 13,679 279,736 1,024,257 7,958 530,683 2,025,394 481,369 (6,279) 1,169,885 0 102,819 Variance with Final Budget $ 301,250 31,797 109,793 4,083 60,571 113,184 1,000 65,714 46,737 124,680 178 185,455 9,469,776 11,298 2,458 10,000 9,948 0 181,278 299,657 57,984 320,444 311,567 2,323,473 227,852 (511,323) (3,131) 18,981 36,666 92,539 378,450 85,000 824,401 (35,029) 473 10,324 (19,870) 497,261 164,017 710 75,968 (113,141) 203,321 44,029 (24,257) 152,042 (683) (182,480) 8,631 256,279 84,534 20,000 97,181 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) For the Fiscal Year Ended June 30, 2006 Budgeted Amounts Final Original Mc85 At Agua Fria/Bridge Scour Mc85 At El Mirage Mc85: Sr85/75th Ave Mc85:Jackrabbit - Perryville Mc85:Perryville - Cotton Lane MCDOT Facilities Improvements McDowell Mountain N Park Entrance McDowell: Alma School - Sr87 McDowell: Shoulders Widening McDowell: Pima Freeway -Alma School Sc McNeil: 35th-31st Ave McQueen Rd: Queen Ck-Pecos Meeker At Trail Rd / Aleppo Meridian Rd: Hunt/Baseline Cs Mingus At 25th Ave Missouri Ave @ Dysart Rd Monterey Ave @ Power Rd Non-Project Northern Ave @ 107th Ave Northern Ave At El Mirage Rd Northern Ave At Reems Rd Northern Ave: SR 303 To Grand Northern:95th Ave-71st Ave Old Stage: New River - Coyote Old Us 80 Bridge @ Gila River Old Us 80at Hassyampa/Scour Olive At At 114th Ave Olive At Litchfield Rd Olive Ave @ Beardsley Canal Peoria At Litchfield Rd Pinnacle Peak At 83rd & 91st Ave Pm10 (Ph2) North West Area (Grp1) Pm10 (Ph3) North East Area Pm10 Program Pm10: (Ph4) In North Valley Pm10: (Ph4) In Se Valley Pm10: (Ph4) In South West Valley Pm10: 12th St, Cir Mountain - Tnf Pm10: Box Bar & Needle Rock Pm10: Saddle Mountain: N River - 12th Pncl Pk:Lk Pleasnt - 83rd Ave Power Rd: Guadalupe - Baseline Power Rd: Pecos - Williams Field Power Rd: Williams Field - Ray Previous Year's Projects Project Reserves Account Prop Mgmt / Prior Year Proj Queen Creek Overlay Queen Creek Rd: Az Ave - McQueen R.H. Johnson At Stardust Rainbow Rd Bridge: Buckeye Cnl Ray Rd Lindsay-Greenfield Riggs Rd @ Sr347 Riggs Rd At Sonoqui Wash $ 0 0 110,000 1,000 1,000 0 170,000 100,000 10,000 0 0 0 0 0 0 265,000 200,000 510,000 253,750 0 0 510,000 0 30,000 175,000 0 0 0 193,000 0 0 0 205,000 100,000 1,050,000 800,000 770,000 395,000 10,000 0 0 755,000 0 0 350,000 5,950,000 50,000 0 1,010,000 0 0 552,000 287,500 0 225 $ 2,000 120,000 215,000 1,000 111,000 1,310,000 10,000 50,000 48,000 62,336 21,000 160,287 450,000 130,000 65,000 385,000 260,000 0 286,750 10,000 10,000 10,000 2,500 105,000 430,000 10,000 10,000 160,000 193,000 200,000 160,000 1,000 205,000 500,000 532,064 650,000 465,000 555,000 50,000 45,000 2,000 755,000 0 1,000 989,713 873,235 80,000 750,000 325,000 610,000 65,000 2,000 287,500 30,000 Actual Amounts $ 1,874 28,703 209,776 179 82,330 1,017,026 295 0 37,120 1,040 20,704 389 45,955 44,473 46,340 393,247 247,273 0 12,616 604 734 7,562 1,544 74,544 282,393 3,993 1,580 7,486 0 77,645 139,094 878 (16,705) 214,496 326,485 339,379 122,090 540,880 53,885 42,513 20,394 191,703 655 97 197,051 14,766 (387,349) 645,090 49,884 163,429 10,957 0 283,145 0 Variance with Final Budget $ 126 91,297 5,224 821 28,670 292,974 9,705 50,000 10,880 61,296 296 159,898 404,045 85,527 18,660 (8,247) 12,727 0 274,134 9,396 9,266 2,438 956 30,456 147,607 6,007 8,420 152,514 193,000 122,355 20,906 122 221,705 285,504 205,579 310,621 342,910 14,120 (3,885) 2,487 (18,394) 563,297 (655) 903 792,662 858,469 467,349 104,910 275,116 446,571 54,043 2,000 4,355 30,000 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) For the Fiscal Year Ended June 30, 2006 Budgeted Amounts Final Original Actual Amounts Variance with Final Budget Rio Verde Dr: Forest To 136th Row In-Fill/Road Inventory Sys Signal Modernization Small Cities Assistance Program Special Projects Sr303 At Waddell Sr303 Ramp At Grand Sun City Mill & Overlay: Ph1 Sun Valley Pkwy Corridor Study Table Mesa Rd: I-17 To Tnf Row Thunderbird At 105th Ave Tip Development Unallocated Force Account Vinyard Ave / 143rd Ave Warranted Traffic Improvements Wigwam Blvd At Indian School Williams Field At Higley Williams Field: Gilbert - Lindsay $ 0 2,500,000 370,000 300,000 1,000,000 0 0 2,020,000 160,000 1,000 0 300,000 1,401,595 4,500,000 500,000 0 320,000 482,000 $ 90,000 1,473,581 370,000 480,000 64,664 530,000 140,000 3,745,000 360,000 2,000 295,000 450,000 206,595 5,367,936 1,225,000 300,000 130,000 27,500 $ 85,759 1,655,591 25,303 478,337 56,300 175,272 84,956 3,651,920 277,917 962 198,031 507,921 1,843 5,021,570 1,055,407 268,605 83,574 27,811 $ 4,241 (182,010) 344,697 1,663 8,364 354,728 55,044 93,080 82,083 1,038 96,969 (57,921) 204,752 346,366 169,593 31,395 46,426 (311) Total Highways and Streets $ 110,571,009 $ 110,571,009 $ 83,364,282 $ 27,206,727 226 Financial Section Combining and Individual Fund Statements Internal Service Funds 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. 229 Maricopa County Combining Statement of Net Assets All Internal Service Funds June 30, 2006 Equipment Services Telecommunications Reprographics ASSETS Current assets: Cash in bank and on hand $ 900 $ Cash and investments held by County Treasurer 200 $ 6,139,922 Receivables 817,192 21,218 Inventories 353,358 87,266 354,258 6,248,606 Prepaids Miscellaneous Total current assets 817,192 Noncurrent assets: Capital assets: Buildings and improvements 323,649 Machinery and equipment 1,928,085 (1,562,362) Less accumulated depreciation 6,545,828 (3,160,521) 946,951 (466,944) Total noncurrent assets 365,723 3,708,956 480,007 Total assets 719,981 9,957,562 1,297,199 LIABILITIES Current liabilities: Accounts payable 663,506 394,570 63,587 Employee compensation payable 278,260 257,604 55,078 Accrued liabilities Due to other funds 1,105,212 Leases payable (current portion) 91,214 Liability for reported and incurred but not reported claims (current portion) 743,388 2,046,978 Total current liabilities 118,665 Noncurrent liabilities: Leases payable 62,216 Liability for reported and incurred but not reported claims 62,216 Total noncurrent liabilities 2,046,978 Total liabilities 805,604 118,665 3,555,526 5,596,432 9,151,958 480,007 698,527 1,178,534 NET ASSETS Invested in capital assets, net of related debt Unrestricted (deficit) Total net assets (deficit) $ 230 365,723 (1,692,720) (1,326,997) $ $ Employee Risk Management $ 100 Benefits Trust $ 12,396,973 34,656,183 16,563,516 194,967 144,586 Sheriff Warehouse $ Total $ 360,771 1,186,956 1,750,717 254,304 2,110,638 36,601,967 31,470,017 12,398,173 58,176,813 1,627,580 2,005,021 2,110,638 1,186,956 76,678,996 323,649 86,951 (64,244) 9,507,815 (5,254,071) 22,707 4,577,393 36,624,674 31,470,017 1,186,956 81,256,389 1,413,609 7,402 103,436 2,646,110 530,645 1,718 532,363 521,542 1,626,754 128,076 719,018 91,214 23,068,119 3,371,985 24,609,804 3,910,032 26,440,104 626,696 32,055,563 32,848,274 62,216 32,848,274 32,848,274 32,910,490 57,458,078 22,707 (20,856,111) $ (20,833,404) $ 3,910,032 626,696 64,966,053 27,559,985 27,559,985 560,260 560,260 4,423,963 11,866,373 16,290,336 $ $ 231 Maricopa County Combining Statement of Revenues, Expenses, and Changes in Net Assets All Internal Service Funds For the Fiscal Year Ended June 30, 2006 Equipment Services Telecommunications Reprographics OPERATING REVENUES Charges for services $ Miscellaneous 14,324,711 5,352 $ 17,055,989 13,487 $ 998,913 193 14,330,063 17,069,476 999,106 Personal services 2,933,181 2,486,334 474,138 Supplies 2,375,561 1,727,235 247,396 Other services 7,303,428 1,482,603 65,801 Total operating revenues OPERATING EXPENSES Legal Insurance Leases and rentals 5,953 2,201,050 Repairs and maintenance 644,708 1,504,387 Travel and transportation 5,213 24,402 94,754 116,162 5,403,602 624,928 13,478,960 15,454,541 893,159 851,103 1,614,935 105,947 Utilities Depreciation Total operating expenses Operating income (loss) 42,757 63,067 NONOPERATING REVENUES (EXPENSES) Investment income 98,122 Interest expense (81,240) (2,528) Loss on disposal of capital assets Total nonoperating revenues (expenses) Income (loss) before contributions Capital contributions Change in net assets Total net assets (deficit) – beginning Total net assets (deficit) – ending $ (4,992) (1,012) (83,768) 92,118 767,335 1,707,053 13,339 360,988 780,674 2,068,041 105,947 (2,107,671) 7,083,917 1,072,587 (1,326,997) 232 $ 9,151,958 105,947 $ 1,178,534 Employee Risk Management $ 22,460,153 2,196,494 Benefits Trust $ 24,656,647 33,387,921 29,372 Sheriff Warehouse $ 33,417,293 2,892,741 Total $ 91,120,428 2,244,898 2,892,741 93,365,326 2,746,304 7,350,676 153,612 11,321,229 1,416,533 7,310,186 254,180 794,324 1,521,461 8,632,861 8,632,861 22,752,613 26,507,640 49,260,253 2,207,003 2,191,852 29,615 5,498,356 814,517 10,360 33,860,871 28,029,101 2,899,916 94,616,548 (9,204,224) 5,388,192 (7,175) (1,251,222) 1,073,671 685,209 1,857,002 (86,232) (3,540) 1,073,671 685,209 (8,130,553) 6,073,401 1,767,230 (7,175) 516,008 374,327 $ (8,130,553) 6,073,401 (7,175) 890,335 (12,702,851) 21,486,584 567,435 15,400,001 (20,833,404) $ 27,559,985 $ 560,260 233 $ 16,290,336 Maricopa County Combining Statement of Cash Flows All Internal Service Funds For the Fiscal Year Ended June 30, 2006 Equipment Services CASH FLOWS FROM OPERATING ACTIVITIES Charges for services Other receipts Payments for goods and services Payments for personal services Net cash provided by (used for) operating activities $ CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Advances from General Fund Interest payments Loan payments to General Fund Net cash used for noncapital financing activities 14,324,711 Telecommunications $ 17,055,989 Reprographics $ 998,913 5,352 13,487 193 (10,489,182) (2,886,415) (12,519,565) (2,472,781) (301,219) (470,944) 954,466 2,077,130 226,943 (615,837) (231,622) 1,105,212 (81,240) (1,884,669) (860,697) 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 (93,769) (81,440) (4,992) (93,769) (702,269) CASH FLOWS FROM INVESTING ACTIVITIES Interest and dividends Net cash provided by investing activities (231,622) 85,587 85,587 Net increase (decrease) in cash and cash equivalents 900 Cash and cash equivalents, July 1, 2005 Cash and cash equivalents, June 30, 2006 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 [(increase)/decrease] and liabilities [ncrease/(decrease)]: Inventories Prepaids Miscellaneous Accounts payable Employee compensation payable Accrued liabilities Liability for reported and incurred but not reported claims - current 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 Accumulated depreciation transferred from governmental activities (4,679) 821,871 $ 900 $ 6,140,122 $ 817,192 $ 851,103 $ 1,614,935 $ 105,947 $ Net cash provided by (used for) operating activities 1,460,448 4,679,674 $ 116,162 624,928 (12,133) (3,502) (47,432) (172,784) 54,735 46,766 13,553 3,194 954,466 $ 5,176 $ (7,704) 63,067 2,077,130 $ 233,630 $ (234,642) 2,528 1,012 (13,339) (360,988) 226,943 124,245 (124,245) 25,805 (25,805) 13,339 713,384 (352,396) 234 Employee Benefits Trust Risk Management $ 22,460,153 $ 33,998,087 Sheriff Warehouse $ 2,892,741 Total $ 91,730,594 2,196,494 948,935 (26,658,348) (1,396,684) (29,111,078) (2,704,745) (81,784,137) (7,226,824) 3,164,461 (3,398,385) 5,835,944 187,996 5,884,094 521,542 1,626,754 (709,538) (81,240) (2,594,207) (187,996) (1,048,693) (15,521) (956,749) (81,440) (4,992) (15,521) (1,043,181) 1,050,798 602,696 1,739,081 1,050,798 602,696 1,739,081 (2,363,108) 6,438,640 5,531,301 37,019,391 22,521,849 65,043,685 $ 34,656,283 $ 28,960,489 $ $ (9,204,224) $ 5,388,192 $ (7,175) $ 70,574,986 $ (1,251,222) 10,360 814,517 2,507,670 2,507,670 193,385 177,750 54,040 919,563 973,603 295,748 (903,672) 1,332 (772,073) 530,645 (708,950) 454 531,099 2,209,222 610,166 610,166 19,849 83,362 2,918,172 $ $ (3,398,385) $ $ 5,835,944 $ $ 187,996 $ $ 5,884,094 363,051 (366,591) 3,540 (374,327) 25,805 (25,805) 726,723 (352,396) 235 236 Financial Section Agency Fund Statement 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. 239 Maricopa County Statement of Changes in Assets and Liabilities Agency Fund For the Fiscal Year Ended June 30, 2006 Balance Balance Additions July 1, 2005 Deductions June 30, 2006 SPECIAL PURPOSE Assets Cash in bank and on hand Cash and investments held by County Treasurer Total assets $ 35,901,326 $ 8,018,441 15,320,889 $ $ 43,919,767 15,320,889 $ 35,901,326 $ 23,339,330 $ $ 59,240,656 Liabilities Deposits held for other parties Total liabilities $ 35,901,326 $ 23,339,330 $ $ 59,240,656 $ 35,901,326 $ 23,339,330 $ $ 59,240,656 240 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. 244 Net Assets by Component Changes in Net Assets Fund Balances, Governmental Funds Changes in Fund Balances, Governmental Funds Revenue Capacity 250 These schedules contain information to help the reader assess the County’s most significant local revenue source, the property tax. Tax Revenues by Source, Governmental Funds Assessed Value and Estimated Market Value of Taxable Property Direct and Overlapping Property Tax Rates Principal Property Tax Payers Property Tax Levies and Collections Debt Capacity 255 These schedules present information to help the reader assess the affordability of the County’s current levels of outstanding debt and the County’s ability to issue additional debt in the future. Ratios of Outstanding Debt by Type Legal Debt Margin Information Pledged Revenue Coverage Demographic and Economic Information 258 These schedules offer demographic and economic indicators to help the reader understand the environment within which the County’s financial activities take place. Demographic and Economic Statistics Principal Employers Operating Information 260 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 243 Maricopa County Net Assets by Component Last Five Fiscal Years (accrual basis of accounting) Fiscal Year NET ASSETS 2001-02 2002-03 2003-04 2004-05 Invested in capital assets, net of related debt $ 1,259,210,540 $ 1,529,060,770 $1,811,332,732 $ 2,345,910,917 Restricted 321,969,019 222,913,694 $ 1,804,093,253 234,284,414 441,241,848 $ 2,204,587,032 204,462,971 397,555,149 $2,413,350,852 260,495,040 456,714,660 $ 3,063,120,617 $ 81,077,781 $ 75,738,774 $ $ 53,752,904 (8,089,795) 126,740,890 $ 43,997,578 6,410,491 126,146,843 Governmental activities Unrestricted Total governmental activities net assets Business-type activities Invested in capital assets, net of related debt Restricted Unrestricted Total business-type activities net assets 72,392,695 $ 1,388,358 16,320,660 19,709,472 $ 108,422,827 $ 7,277 (26,237,718) (24,842,083) Primary government Invested in capital assets, net of related debt $ 1,340,288,321 $ 1,604,799,544 $1,883,725,427 $ 2,347,299,275 Restricted 375,721,923 214,823,899 $ 1,930,834,143 278,281,992 447,652,339 $ 2,330,733,875 220,783,631 417,264,621 $2,521,773,679 260,502,317 430,476,942 $ 3,038,278,534 Unrestricted Total primary government net assets Fiscal Year NET ASSETS 2005-06 Governmental activities Invested in capital assets, net of related debt $ 2,443,905,934 345,147,265 Restricted 561,333,573 Unrestricted Total governmental activities net assets $ 3,350,386,772 Business-type activities Invested in capital assets, net of related debt $ 7,556 Restricted (4,568,970) Unrestricted Total business-type activities net assets 1,253,947 $ (3,307,467) Primary government Invested in capital assets, net of related debt $ 2,445,159,881 Restricted 345,154,821 Unrestricted 556,764,603 Total primary government net assets $ 3,347,079,305 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. 244 Maricopa County Changes in Net Assets Last Five Fiscal Years (accrual basis of accounting) Fiscal Year 2003-04 2002-03 2001-02 2004-05 2005-06 Expenses Governmental activities: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Interest on long-term debt $ 124,501,063 490,943,644 52,464,778 304,220,867 25,453,164 16,675,171 11,557,524 $ 181,265,791 506,600,904 51,016,886 335,607,743 27,488,028 17,386,261 11,446,165 $ 185,518,463 581,443,588 44,392,614 332,380,442 27,963,450 19,170,903 8,249,310 $ 157,764,168 685,762,001 63,014,453 439,784,002 33,068,497 18,397,229 7,827,876 $ 163,009,587 782,136,857 70,418,156 433,776,254 32,596,971 20,220,846 7,763,995 Total governmental activities expenses 1,025,816,211 1,130,811,778 1,199,118,770 1,405,618,226 1,509,922,666 340,556,596 366,425,283 371,991,804 168,986,980 93,168,287 109,142,148 167,346,474 132,314,013 40,048,082 241,654,207 232,991,015 273,164,762 252,178,102 56,657,239 66,767,140 75,004,905 82,737,548 639,546 742,785,776 1,615,848 785,179,199 1,336,866 896,577,454 29,911,332 583,390,427 99,105,695 $1,768,601,987 $1,915,990,977 $2,095,696,224 $1,989,008,653 $1,609,028,361 $ $ $ $ $ Business-type activities: Medical Center Arizona Health Care Cost Containment System (AHCCCS) — Acute Health Care program AHCCCS—Arizona Long-Term Care System (ALTCS) program Non-AHCCCS health care programs (Senior Select) Solid Waste Management Other business-type activities Total business-type activities expenses Total primary government expenses Program Revenues Governmental activities: Charges for services: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Operating grants and contributions Capital grants and contributions 2,400,374 24,457,239 81,687,973 1,451,293 22,917,356 8,358,894 3,057,546 281,170,304 2,712,908 26,357,344 71,880,262 1,563,228 24,243,241 8,461,408 2,714,129 304,923,484 44,322,271 26,589,393 78,288,469 1,769,524 26,745,928 8,546,372 4,146,571 294,296,698 18,917,753 37,213,997 84,213,640 6,550,179 28,100,481 8,954,896 2,383,943 382,416,458 39,017,299 45,332,986 102,807,289 12,380,453 33,726,958 9,378,993 82,561 393,375,512 42,537,895 425,813,513 484,465,367 459,300,708 588,850,893 291,946,393 334,310,122 380,554,715 158,640,394 100,104,747 115,846,532 138,274,739 117,680,705 29,801,116 252,343,614 240,083,167 234,370,191 220,784,342 53,842,048 64,169,238 70,518,591 59,656,677 44,860 6,272,958 106,470 6,959,432 714,881,810 767,824,314 230,389 6,681,898 9,833 819,778,442 21,213,776 2,501,372 19,944 520,840,533 84,004,028 Total primary government program revenues $1,140,695,323 $1,252,289,681 $1,279,079,150 $1,109,691,426 $ 723,626,675 Net (Expense)/Revenue Governmental activities Business-type activities $ (600,002,698) (27,903,966) $ (646,346,411) (17,354,885) $ (739,818,062) (76,799,012) $ (816,767,333) (62,549,894) $ (870,300,019) (15,101,667) Total primary government net expense $ (627,906,664) $ (663,701,296) $ (816,617,074) $ (879,317,227) $ (885,401,686) Total governmental activities program revenues Business-type activities: Charges for services: Medical Center Arizona Health Care Cost Containment System (AHCCCS) Acute Health Care program AHCCCS—Arizona Long-Term Care System (ALTCS) program Non-AHCCCS health care program (Senior Select) Solid Waste Management Other business-type activities Operating grants and contributions Capital grants and contributions Total business-type activities program revenues 639,622,647 360,864 245 Maricopa County Changes in Net Assets (Continued) Fiscal Year 2001-02 2002-03 2003-04 2004-05 2005-06 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 $ 269,753,187 $ 295,627,499 $ 328,580,647 $ 357,712,304 $ 388,190,146 44,775,297 44,302,535 50,702,924 56,093,885 61,763,471 9,690,800 10,369,080 14,414,827 15,796,618 17,366,792 20,250,715 19,708,786 19,267,865 325,728,202 330,260,143 358,056,954 397,712,843 457,785,985 98,177,716 98,932,138 107,441,209 119,143,064 137,876,660 5,407,664 5,240,032 5,556,717 6,024,355 6,498,814 106,115,829 110,603,659 116,054,332 122,637,827 138,003,052 8,700,138 1,725,495 1,775,295 1,813,162 1,858,155 29,404,833 16,507,950 8,626,732 20,995,575 29,479,569 Gain (loss) on disposal of capital assets (8,856,034) 13,346,055 21,601,858 (18,666,719) (22,618,680) Miscellaneous 10,627,773 3,061,600 3,915,244 Unrestricted investment earnings 4,262,227 (16,531,668) (58,278,148) 894,024,075 933,153,304 977,716,456 1,046,477,531 1,186,326,875 Unrestricted investment earnings 6,359,401 2,594,524 796,848 1,002,779 447,790 Gain (loss) on disposal of capital assets (103,280) 6,883 Miscellaneous 1,972,145 12,914 Total governmental activities (37,047,610) 13,558,451 (25,752,045) Transfers (43,435,540) Business-type activities: Special item – loss on closure of business activity Transfers Total business-type activities Total primary government (108,765,405) 25,752,045 16,531,668 58,278,148 37,047,610 33,980,311 19,126,192 59,074,996 (70,715,016) $ 928,004,386 $ 952,279,496 $1,036,791,452 $ 975,762,515 $1,230,230,002 $ 294,021,377 $ 286,806,893 $ 237,898,394 $ 229,710,198 $ 316,026,856 6,076,345 1,771,307 $ 300,097,722 $ 288,578,200 43,435,540 43,903,127 Change in Net Assets Government activities Business-type activities Total primary government (17,724,016) $ 220,174,378 (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. 246 28,801,460 $ 344,828,316 Maricopa County Fund Balances, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) Fiscal Year 1997-98 1996-97 1998-99 1999-00 2000-2001 General Fund Reserved $ $ 12,242,094 107,517,591 $ 119,759,685 $ 4,321,620 140,716,861 $ 145,038,481 $ 6,368,458 154,436,197 $ 160,804,655 $ $ 3,371,644 78,148,684 81,520,328 $ 2,822,944 $ $ $ $ Unreserved Total general fund 4,416,236 156,786,153 $ 161,202,389 All Other Governmental Funds Reserved 2,654,738 2,435,938 1,021,537 1,194,925 Unreserved, reported in: Special revenue funds 111,059,742 133,449,337 159,549,660 143,167,692 119,080,975 Capital projects funds (26,768,397) 11,519,168 25,130,369 156,797,383 $ 147,623,243 $ 187,115,967 $ 300,986,612 242,663,698 123,383,762 $ 486,323,360 Debt service funds Total all other governmental funds $ 87,114,289 2001-02 Fiscal Year 2003-04 2002-03 2004-05 2005-06 General Fund Reserved Unreserved Total general fund $ 5,083,202 249,039,062 $ 254,122,264 $ 3,834,312 288,822,823 $ 292,657,135 $ 2,400,780 315,905,112 $ 318,305,892 $ $ $ 3,281,552 427,995,902 431,277,454 $ 25,557,789 539,621,335 565,179,124 $ $ $ $ 23,602,714 $ 22,460,845 $ $ All Other Governmental Funds Reserved 23,515,381 24,618,711 22,498,657 Unreserved, reported in: Special revenue funds 153,208,886 156,611,561 187,646,410 192,187,526 259,363,049 Capital projects funds 145,345,468 97,344,273 $ 419,414,008 120,430,525 81,674,429 $ 383,335,226 108,561,138 74,332,552 $ 393,038,757 129,612,546 36,643,487 382,046,273 115,785,803 18,808,809 416,418,506 Debt service funds Total all other governmental funds 247 Maricopa County Changes in Fund Balances, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) 1996-97 Fiscal Year 1997-98 1998-99 256,680,131 273,423,421 1999-00 Revenues Taxes $ Licenses and permits 240,138,668 $ $ $ 296,029,480 13,324,933 14,882,655 17,067,513 22,187,021 617,278,173 593,963,445 659,408,934 783,237,358 Charges for services 44,579,250 54,295,458 57,287,860 62,026,284 Fines and forfeits 11,499,560 12,460,671 13,426,857 14,583,372 Intergovernmental Special assessment Miscellaneous 42,075,258 143,116,936 46,279,528 49,295,439 Total revenues 968,895,842 1,075,399,296 1,066,894,113 1,227,358,954 Expenditures General government Public safety Highway and streets Health, welfare and sanitation Culture and recreation 83,288,504 76,045,723 92,526,980 91,629,129 312,469,016 338,229,571 364,823,901 422,453,691 41,937,037 38,787,702 52,048,136 55,450,402 295,239,781 335,143,437 353,141,055 278,987,186 35,307,331 10,681,908 13,339,246 15,302,763 1,138,321 10,810,535 13,627,432 17,853,463 Principal 19,077,158 21,082,227 22,805,407 23,808,586 Interest 11,799,174 11,960,101 10,279,203 7,908,121 Education Debt service Other Capital outlay Total expenditures 242,991,752 215,297,901 149,600,384 181,400,888 1,043,248,074 1,058,039,105 1,072,191,744 1,094,794,229 (74,352,232) 17,360,191 (5,297,631) 132,564,725 Excess of revenues over (under) expenditures Other financing sources (uses) Transfers in Transfers out Capital lease agreements Proceeds from bond issuance 92,167,569 103,198,973 112,033,812 259,159,435 (61,984,088) (39,208,492) (44,192,804) (268,494,193) 4,542,153 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 Premium on refunding bonds Payment to escrow agent Total other financing sources (uses) Net change in fund balances $ (23,748,190) $ 84,410,517 $ 74,481,454 (4,792,605) $ 127,772,120 Debt service as a percentage of non capital expenditures 3.9% 3.9% 248 3.6% 3.5% Fiscal Year 2000-01 $ 316,624,353 2001-02 $ $ 2003-04 474,876,462 $ 524,751,335 2004-05 $ 556,751,810 2005-06 $ 601,231,444 23,688,768 26,106,311 28,192,974 31,629,382 34,765,632 42,266,662 803,712,695 831,668,101 745,697,718 778,964,259 904,156,166 1,025,737,248 65,836,359 68,770,386 66,499,607 71,682,924 74,735,757 86,925,888 14,908,415 15,776,099 16,326,795 17,166,377 21,855,377 23,366,008 65,397,496 69,879,317 3,625,508 59,899,212 3,584,883 48,974,704 3,536,133 56,838,888 3,770,790 69,589,514 1,290,168,086 1,355,237,417 1,395,118,276 1,476,753,864 1,652,639,763 1,852,887,554 101,678,589 99,265,465 114,241,982 118,226,772 130,064,711 131,031,069 459,487,297 481,843,123 493,435,114 563,716,985 636,868,683 733,244,452 59,803,451 55,240,772 44,226,114 41,549,321 48,811,843 47,763,048 295,158,694 311,510,932 331,752,530 331,028,006 437,845,805 430,614,292 16,312,843 17,651,564 19,388,797 19,587,482 22,146,913 24,625,293 16,552,929 16,560,263 17,268,012 18,815,487 18,014,621 18,885,218 24,091,044 39,618,137 34,071,393 35,159,141 15,677,059 18,780,267 7,677,328 10,271,627 10,423,785 8,828,297 8,592,525 8,497,208 229,743,778 1,179,102 294,010,771 315,588,133 266,757 248,465,695 11,870 205,929,785 17,508 232,922,515 1,210,505,953 1,327,151,756 1,380,395,860 1,385,643,943 1,523,963,815 1,646,380,870 79,662,133 28,085,661 14,722,416 91,109,921 128,675,948 206,506,684 321,948,526 243,650,675 386,029,678 295,868,643 346,549,747 314,004,599 (342,528,925) (269,402,720) (402,561,346) (358,012,976) (395,058,179) (357,440,139) 165,830 9,843,870 6,333,484 8,384,655 9,395,689 111,095,706 78,450,670 15,598,262 12,000,000 3,000,000 3,541,257 (77,980,850) 457,156 (12,353,671) 90,681,137 $ 343,037,203 2002-03 170,343,270 3.2% 4,321,656 (11,897,098) $ 16,188,563 4.9% (12,210,012) $ 2,512,404 4.2% $ 39,000,819 3.9% 249 (10,605,000) (52,109,102) (28,123,777) $ 100,552,171 1.8% (41,644,851) $ 164,861,833 1.9% Maricopa County Tax Revenues by Source, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) Fiscal Year 1996-97 $ General State Vehicle Highway Baseball Property Taxes Sales Tax License Tax User Fuel Tax Stadium Tax 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 2004-05 431,584,391 397,712,844 130,947,139 90,566,135 61 2005-06 456,855,970 457,785,985 147,366,085 96,972,512 5,294 90.2% 88.9% 128.1% 32.4% Change 1997-2006 Rental Fiscal Year 1996-97 Street Car Surcharge $ (100)% Jail Tax Lighting Assessments 5,344,085 N/A 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 2005-06 6,493,520 137,876,660 3,770,790 1,307,126,816 $ $ 2,502,073 Total Revenues $ 724,246,146 Change 1997-2006 21.5% 232.4% 50.7% 80.5% 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. 250 Maricopa County Assessed Value and Estimated Market Value of Taxable Property Last Ten Fiscal Years (in thousands of dollars) Property Values Fiscal Assessed Total Total Secured Total Assessed Year Direct and Unsecured Value as a Ended June 30, Secured Tax Rate Estimated Market Value Percentage of Total Estimated Market Value 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 2005-06 31,886,842 1,310,377 33,197,219 1.4611 273,817,028 12.1 Unsecured $ Total $ Secured and Unsecured assessed property values and estimated market values are determined each calendar year. The tax rates st are applicable beginning July 1 of the next fiscal year. The Board of Supervisors approves the tax rates on the third Monday of August. Source: Maricopa County Department of Finance – Property Tax Division. 251 Maricopa County Direct and Overlapping Property Tax Rates Last Ten Fiscal Years County Direct Rates General Obligation Flood County Fiscal Year County Operating Debt Service Control District Library District Total Direct 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 2005-06 1.1971 0.0000 0.2119 0.0521 1.4611 Overlapping Rates Central Arizona State Fiscal Year of Arizona Education Equalization Water Other Community Conservation District Special Districts College District School Districts Cities 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 2005-06 0.0000 0.4358 0.1200 0 - 3.8600 0.8936 0.7910 - 14.3301 0 - 1.4204 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. 252 Maricopa County Principal Property Tax Payers Current Year and Nine Years Ago 2005-06 1996-97 Percentage of Percentage of Total County Secondary Valuation Taxpayer Arizona Public Service $ Rank Total County Assessed Value Secondary Valuation $ Rank Assessed Value 5.99% 960,770,161 1 2.90% 859,289,610 1 Qwest/US West 430,859,239 2 1.30 358,933,081 2 2.50 Southern California Edison Co. 165,327,964 3 0.50 278,454,289 4 1.94 Southwest Gas Corporation 148,557,030 4 0.45 87,239,909 8 0.61 El Paso Electric Co. 136,742,115 5 0.41 310,102,712 3 2.16 Cox Communications 103,396,395 6 0.31 Public Service Company of New Mexico 78,035,265 7 0.24 150,127,858 6 1.05 Intel Corporation 72,236,151 8 0.22 22,849,968 14 0.16 Target Corporation 65,925,348 9 0.20 Wells Fargo Bank 65,614,265 10 0.20 Safeway, Inc. 62,843,996 11 0.19 Southern California Public Power Authority 61,459,710 12 0.19 103,426,513 7 0.72 AT&T 58,591,197 13 0.18 28,583,484 11 0.20 Wal-Mart Stores, Inc 55,635,992 14 0.17 Scottsdale Fashion Square Partnership 49,351,445 15 0.15 21,749,570 16 0.15 Albertson’s 44,951,516 16 0.14 Freescale Semiconductor Inc. 43,491,886 17 0.13 Metropolitan Life Insurance Company 37,414,493 18 0.11 Panda Gila River, LP 37,409,399 19 0.11 Mesquite Power LLC 35,807,239 20 0.11 Motorola, Inc. 169,934,602 5 1.18 Los Angeles Dept of Water & Power 78,084,778 9 0.54 Evans Withycombe Residential 37,159,347 10 0.26 MLH Investors 28,133,903 12 0.20 First Interstate Bank 25,492,376 13 0.18 MONY PSM/PSP 22,269,682 15 0.16 McDonnell Douglas Realty & Helicopter 20,334,143 17 0.14 Shorenstein Co./Realty Investors LP 20,247,735 18 0.14 Southwestco Wireless LP 20,189,091 19 0.14 Scottsdale Princess Partnership 17,545,872 20 0.12 Total Principal Taxpayers $ 2,714,420,806 Countywide Secondary Valuation $33,197,218,398 8.21% $ 2,660,148,523 $ 14,343,156,861 Source: Maricopa County Treasurer’s Office. 253 18.54% Maricopa County Property Tax Levies and Collections Last Ten Fiscal Years Collected within the Fiscal Year of the Levy Fiscal Year Levied Ended June 30, For the Fiscal Year 1996-97 Total Collections to Date County Tax $ Collections Amount Percentage of Levy 98.22% In Subsequent Years $ 4,236,037 Amount $ Percentage of Levy 221,234,454 $ 217,305,000 221,541,037 100.14% 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 6,097,181 408,208,423 99.11 2005-06 451,253,280 438,441,057 97.16 438,441,057 97.16 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 Year Ended June 30, 1996-97 Flood County Operating $ 154,487,036 Debt Service $ Control District 22,590,472 $ 38,118,477 County Library $ 6,038,469 Total County $ 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 2005-06 371,224,118 0 62,733,411 17,295,751 451,253,280 Source: Maricopa County Department of Finance – Property Tax Division. 254 Maricopa County Ratios of Outstanding Debt by Type Last Ten Fiscal Years General Bonded Debt Percentage Fiscal General of Assessed Year Ended June 30, Obligation Bonds Property Value (a) 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 $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 0 Per Capita (b) 1.08% 0.87 0.71 0.53 0.38 0.25 0.16 0.07 0.00 0.00 55.10 47.17 39.62 32.27 24.90 17.72 11.66 5.76 0.00 0.00 Other Governmental Activities Debt Fiscal Lease Lease Year Ended June 30, 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 Revenue Bonds Trust Certificates $ $ 104,355,000 104,355,000 91,558,756 93,569,382 101,101,501 81,188,067 10,812,000 9,212,000 Stadium Certificates District Rev. Bonds $ 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 50,050,000 Special Assessment $ 685,597 546,798 996,939 729,448 589,431 458,977 368,573 343,102 235,458 154,267 of Participation $ 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 5,115,000 Installment Capital Leases $ 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 16,312,891 Business Type Activities Fiscal Lease Certificates Installment Total Year Ended June 30, Revenue Bonds of Participation Purchase Agreements (d) Primary Government (c) $ 2,609,341 1,989,402 1,125,158 608,794 3,252,270 2,607,815 2,350,524 1,252,049 0 0 $ 263,859,992 248,524,671 221,351,994 199,887,393 303,024,071 285,532,002 245,167,454 203,910,256 184,827,345 162,615,360 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 $ 20,500,000 20,500,000 17,986,244 16,670,618 43,499 36,933 $ 4,890,041 2,940,289 1,058,574 5,666,171 11,824,853 11,768,519 10,940,368 5,865,000 0 0 Percentage of Assessed Property Value (a) 1.84% 1.58 1.32 1.07 1.45 1.25 1.00 0.74 0.61 0.49 Per Capita (b) $ 94.07 85.43 73.66 64.56 94.81 86.69 72.35 58.24 50.84 42.88 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. 255 Purchase Agreements $ 892,254 546,202 Maricopa County Legal Debt Margin Information Last Ten Fiscal Years Fiscal Year 1996-97 1997-98 1998-99 1999-00 Total net general obligation debt $2,151,473,529 135,502,982 $2,358,524,729 117,832,943 $ 2,521,952,589 98,670,000 $2,801,524,627 79,595,000 $3,131,657,332 58,205,000 Legal debt margin $2,015,970,547 $2,240,691,786 $ 2,423,282,589 $2,721,929,627 $3,073,452,332 Debt limit 2000-01 Total net debt applicable to the limit as a percentage of debt limit 6.30% 5.00% 3.91% 2.84% 1.86% Fiscal Year 2001-02 2002-03 2003-04 $3,668,557,092 38,792,654 $ 4,121,698,129 20,165,000 $ 4,510,048,001 $ 4,979,582,760 Total net general obligation debt $3,436,970,172 57,596,083 Legal debt margin $3,379,374,089 $3,629,764,438 $ 4,101,533,129 $ 4,510,048,001 $ 4,979,582,760 Debt limit 2004-05 2005-06 Total net debt applicable to the limit as a percentage of debt limit 1.68% 1.06% 0.49% 0% 0% Legal Debt Margin Calculation for Fiscal Year 2005-06 Assessed Value Debt limit (15% of assessed value) $ 33,197,218,398 4,979,582,760 Debt applicable to limit: General obligation bonds Total net debt applicable to limit Legal debt margin $ 4,979,582,760 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. 256 Maricopa County Pledged Revenue Coverage Last Ten Fiscal Years Stadium District Revenue Bonds Net Revenue Available Fiscal Year 1996-97 Gross Revenue $ 8,776,890 For Debt Service (1) $ 12,490,055 Debt Service Requirements Principal Interest Total $ 1,460,000 $ 2,941,961 $ Gross Coverage Net Coverage 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% 2005-06 7,018,591 10,697,550 2,685,000 2,738,844 5,423,844 129% 197% Gross Coverage Net Coverage 90% Special Assessment Bonds Net Revenue Available Fiscal Year 1996-97 Gross Revenue $ 307,529 For Debt Service (1) $ 203,075 Debt Services Requirements Principal Interest Total 226,843 136% 1997-98 180,180 131,790 $ 161,781 197,741 $ 65,062 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% 2005-06 60,481 157,670 81,191 14,634 95,825 63% 165% 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. 257 Maricopa County Demographic and Economic Statistics Last Ten Fiscal Years Fiscal Year 1996-97 Fiscal Year 1997-98 Fiscal Year 1998-99 Fiscal Year 1999-00 Fiscal Year 2000-01 Unemployment Rate (June 30,) County 3.60% 2.60% 2.90% 2.30% 3.70% State 4.60% 4.30% 4.50% 4.00% 4.70% United States 5.00% 4.50% 4.30% 4.00% 4.60% Population/Income Statistics Income $ 68,656,472,000 $ 75,639,499,000 $ 80,924,901,000 $ 89,771,608,000 2,805,009 2,909,040 3,004,985 3,096,343 Population Per Capita $ 24,476 $ Fiscal Year 2001-02 26,002 $ Fiscal Year 2002-03 26,930 $ Fiscal Year 2003-04 28,993 $ 92,913,124,000 3,196,231 $ Fiscal Year 2004-05 29,070 Fiscal Year 2005-06 Unemployment Rate (June 30,) County 5.00% 5.30% 4.40% 4.10% 3.60% State 6.00% 5.70% 5.00% 4.70% 4.20% United States 5.80% 6.30% 4.60% 5.00% 4.60% Population/Income Statistics Income $ 93,544,549,000 $ 96,998,974,000 $ 102,277,852,000 $ 111,103,573,000 3,293,606 3,388,768 3,501,001 3,635,528 Population Per Capita $ 28,402 $ 28,624 $ 29,214 $ 30,561 $ 114,336,686,974 3,792,675 $ 30,147 Source: Workforce Informer Arizona at www.workforce.az.gov for unemployment rate, population, income and per capita statistics. Population, income and per capita were adjusted for Fiscal Years 2001, 2002, 2003, 2004 and 2005 due to updated data and more accurate estimates. Income for fiscal year 2006 was not available. The amount provided is an estimate based on a 2.91% growth rate. 258 Maricopa County Principal Employers Current Year and Nine Years Ago 1997 2006 Percentage of Employer Employees Rank Total County Employment Percentage of Rank Total County Employment 60,592 1 4.51% Employees State of Arizona 49,305 1 2.58% Wal-Mart Stores 28,800 2 1.51% Banner Health Systems 16,400 3 .86% City of Phoenix 14,166 4 .74% 11,393 4 .85% Maricopa County 13,274 5 .70% 12,025 3 .89% Wells Fargo & Company 11,800 6 .62% Fry’s Food and Drug Stores 11,780 7 .62% U.S. Postal Services 11,700 8 .61% 10,633 5 .79% Arizona State University 11,533 9 .60% 7,672 8 .57% Honeywell Aerospace 10,700 10 .56% Motorola 19,350 2 1.44% Samaritan Health Services 10,800 6 .80% Allied Signal Inc. 8,750 7 .65% Pinnacle West Capital Corp. 7,335 9 .55% U.S. West 7,300 10 .54% JP Morgan Chase & Co. Target American Express Total for Principal Employers Total Employment in Maricopa County 179,458 9.4% 1,907,700 155,850 11.59% 1,344,300 As of June 30 Source: 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. 259 Maricopa County Budgeted Full-time Equivalent County Employees by Function/Program Last Five Fiscal Years Fiscal Year 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 2002-03 2003-04 2004-05 2005-06 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 22 33 331 21 54 263 44 55 109 15 32 35 141 80 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 1,193 743 30 992 2,053 15 208 966 70 190 36 3,558 348 18 504 478 479 479 477 133 283 368 115 523 140 274 369 108 535 141 282 368 40 542 144 303 461 40 557 149 197 463 41 575 136 98 4 136 104 4 136 104 4 147 86 5 150 88 5 30 3,975 30 3,683 33 3,944 32 4,050 33 0 12 14 13 12 13 15,976 15,790 15,920 17,559 13,931 Source: County Management and Budget Department. 260 Maricopa County Operating Indicators by Function/Program Last Five Fiscal Years Function/Program General Government County Assessor Number of parcels assessed Elections Registered voters Number voting (1) 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 deliniated Presentation, consultation requests completed Square miles of watershed studies completed Drainage complaint investigations conducted <30 days Justice Courts Annual new filings 2001-02 (1) (2) (3) (4) (5) (6) (7) 2004-05 2005-06 1,214,539 1,259,703 1,305,716 1,361,695 1,339,473 1,296,457 723,867 1,290,457 723,867 1,552,421 1,211,963 1,573,606 1,211,963 1,475,218 899,484 N/A N/A 264 163 8,989 377 32,671 864,242 $ 36,502,058 30,216 853,041 23,772,376 (5) (2) $ $ 30,322 9,578 N/A N/A N/A N/A N/A 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 (7) 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) Fiscal Year 2003-04 2002-03 N/A N/A 32,001 28,631 769,314 891,897 $ 25,349,639 $ 28,417,533 30,459 8,651 34,052 9,537 441 220 10 269 52 20,531 600 $ 30,631 $ 32,078,615 39,654 13,752 1302 495 782 140 (6) 26 1,238 N/A (6) 260 39 1,994 149 355,170 348,040 375,944 379,496 17,630 22,777 71 41,238 70 34,615 49 49 878,683 10,119 15 896,257 9,916 17 914,182 9,782 19 932,466 10,029 19 205,314 305,811 112,272 222,843 294,865 125,511 251,303 297,310 132,477 257,807 268,708 136,075 136,069 145,299 155,460 154,996 157,956 3,107 14,803 2,392 16,053 2,324 15,788 2,339 16,986 19,921 201,925 201,925 201,925 201,925 217,686 211,455 3,794 257,249 232,431 3,914 286,124 222,100 3,121 311,980 308,493 2,867 3,768,536 290,492 578,879 3,716,554 58,118 887,682 4,271,158 57,732 986,390 58 (3) (5) (5) (3) 351,278 (3) (3) (3) (3) (3) (3) 225,224 185,320 2,645 N/A N/A N/A 52 10,010 312 34,480 9,557 861,454 10,287 15 N/A N/A N/A 52 9,4456 $ 612 $ (4) (4) (4) N/A (4) N/A (4) N/A (4) N/A 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 General election November 2002 used for Fiscal Years 2002 and 2003. Financial data is unavailable to calculate cost per budget. Information unavailable for Fiscal Year 2002. Data unavailable as a new computer system was installed in Fiscal Year 2003. Information is unavailable prior to Fiscal Year 2003. Information was not available at the time of schedule preparation. Data was adjusted during fiscal year 2005. Note: Indicators for Highways and Streets and Other Business-Type Activities are not available. 261 N/A (6) N/A (6) 8,249 27,585 N/A (6) Maricopa County Capital Asset Statistics by Function/Program Last Five Fiscal Years Fiscal Year Function/Program 2001-02 2002-03 2003-04 2004-05 2005-06 General Government Facilities Management Number of buildings owned by Facilities N/A N/A N/A 353 353 Number of buildings maintained by Facilities N/A N/A N/A 17 17 Public Safety Flood Control District 118 118 118 297 310 Justice Courts Operating alert stations 23 23 23 23 23 Juvenile Courts 2 2 2 2 2 8,287 8,873 9,570 10,062 10,062 4 4 6 6 6 Sheriff Inmate beds available (including portable) Number of jail facilities Highways and Streets Transportation Miles of Road 5,823 5,586 5,569 5,555 5,557 Miles of road with paved surfaces 4,421 4,421 4,452 4,503 4,514 Number of major bridges Number of total bridges 25 27 28 28 27 258 265 283 299 290 3 3 3 3 3 Health, Welfare and Sanitation Animal Care and Control Number of animal shelters Public Health Number of public health facilities 2 2 2 2 2 Number of WIC facilities 2 2 2 2 2 2 2 2 2 3 10 11 10 10 10 2 2 2 2 1 Regional county parks 9 9 9 9 9 County managed golf courses 3 3 3 3 3 119,301 119,307 119,239 119,261 118,754 1 1 1 1 1 1 1 1 1 1 6 6 6 6 6 Culture and Recreation Library District Number of facilities owned Facilities operated Bookmobiles Parks and Recreation Total acres managed Conservation areas Stadium District Major league baseball field Solid Waste Management Number of transfer stations Source: Various County Agencies. Note: Indicators for General Government, Education, and Health Plans are not available. 262