Fiscal Year Ended June 30, 2007 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, 2006 to June 30, 2007 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, 2007 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 19 Government-wide Financial Statements Statement of Net Assets Statement of Activities 21 22 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 24 26 28 Proprietary Funds Financial Statements Statement of Net Assets Statement of Revenues, Expenses, and Changes in Fund Net Assets Statement of Cash Flows 30 31 32 Fiduciary Funds Financial Statements Statement of Fiduciary Net Assets Statement of Changes in Fiduciary Net Assets 34 35 Basic Financial Statements – Notes 39 Required Supplementary Information Budgetary Comparison Schedules – General Fund and Major Special Revenue Fund General Fund General Fund by Department Detention Operations Fund 77 78 79 80 Note to Budgetary Comparison Schedules i Table of Contents (Continued) For the Fiscal Year Ended June 30, 2007 Schedule of Agent Retirement Plans’ Funding Progress Page 81 82 Modified Approach for Infrastructure Assets Combining and Individual Fund Statements and Schedules 85 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 92 108 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 County School Indirect Cost 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 Events Center Fund ii 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 Table of Contents (Continued) For the Fiscal Year Ended June 30, 2007 Page Special Revenue Funds (Continued) Expedited Child Support Fund Flood Control Fund Flood Control Grants 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 School Communication Expense Fund School Grants Fund School Transportation 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 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 Table of Contents (Continued) For the Fiscal Year Ended June 30, 2007 Page Debt Service Funds County Improvement Debt Fund Stadium District Debt Service Fund 209 210 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 211 212 213 214 215 216 217 218 Nonmajor Enterprise Funds Listing of Nonmajor Enterprise Funds Combining Statement of Revenues, Expenses, and Changes in Net Assets Combining Statement of Cash Flows 225 226 227 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 231 232 234 236 Agency Fund Listing of Agency Fund Statement of Changes in Assets and Liabilities 241 242 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 245 246 247 249 250 252 253 254 255 256 257 258 259 260 261 262 263 264 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 Maricopa County Citizens Superintendent of Schools Constables County Attorney Sheriff Board of Supervisors Clerk of the Court Assessor Treasurer Recorder Elected Appointed STAR Call Center Clerk of the Board County Manager Deputy County Manager Criminal Justice Assistant County Manager Chief Information Officer Internal Audit Medical Examiner Community Services Assistant County Manager Finance Regional Development Services Assistant County Manager Legal Defender Management and Budget Contract Counsel Human Resources Risk Management Public Defender Research and Reporting Materials Management Legal Advocate General Government Public Fiduciary Equipment Services Integrated Health Care Mandates Animal Care and Control Environmental Services Criminal Justice Enterprise Technology Chief Finance Officer Elections Parks & Recreation Community Development Human Services Planning and Development Emergency Management Facilities Management Systems Solid Waste Employee Health Initiatives Public Works Transportation Public Health Correctional Health vi 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 June 12, 2008 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, 2007. 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, 2007, 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 an unqualified opinion on the Maricopa County financial statements for the fiscal year ended June 30, 2007. The auditors concluded that the financial statements 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 9,224 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: 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 unemployment rate of 4.0 percent at January 2008, compared to the State of Arizona and the United States unemployment rates of 4.3 percent, and 4.9 percent, respectively (Arizona Workforce February 28, 2008). According to Arizona Workforce Informer, at July 1, 2007, Maricopa County contained 60.11 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 state include Wal-Mart, Banner Health Systems, Wells Fargo & Co. viii and various local governments (The Book of Lists 2008). Phoenix is the capital of Arizona as well as the county seat for Maricopa County. 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 and the Insight Bowl. In January of 2008, the city of Glendale hosted 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 in financial reporting for fiscal years 2004, 2005, or 2006. In fiscal year 2006, the Maricopa Health Plan Fund was transferred to the Maricopa County Special Health Care District, a separate legal entity, and the ALTCS Fund was discontinued by the County. The County continued to report these funds during the close out period until June 30, 2007, in which the remaining assets and liabilities were transferred to the County General Fund. The County has reapplied to the GFOA for consideration of the Certificate for fiscal year ended 2007. 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 Nonmajor Enterprise 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, aggregate discretely presented component units, each major fund, and aggregate remaining fund information of Maricopa County as of and for the year ended June 30, 2007, 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, additions, and other financing sources as applicable; and expenses or expenditures, deductions, and other financing uses, as applicable, of the opinion units affected: Opinion Unit/Department Government-wide Statements Governmental activities: Stadium District Accommodation Schools Aggregate discretely presented component units: Housing Authority Sports Commission Fund Statements Aggregate remaining fund information: Stadium District Accommodation Schools Assets Liabilities Revenues/Additions/ Other Sources Expenses/ Expenditures/Deductions/ Other Uses 8.31% 0.37% 9.10% 0.35% 0.63% 0.63% 0.81% 0.66% 99.87% 0.13% 89.24% 10.76% 98.61% 1.39% 97.63% 2.37% 0.82% 0.13% 0.09% 1.55% 0.10% 0.08% 0.11% 0.08% 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. 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 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, business-type activities, aggregate discretely presented component units, each major fund, and aggregate remaining fund information of Maricopa County as of June 30, 2007, 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. The Management’s Discussion and Analysis on pages 3 through 16, the Budgetary Comparison Schedules on pages 77 through 80, the Schedule of Agent Retirement Plans’ Funding Progress on page 81, and the Infrastructure Assets information on page 82 are not required parts 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 the 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 June 12, 2008 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 $3,610.5 million (net assets), an increase of 8.6 percent from the prior year. Of this amount, $682.5 million (unrestricted net assets) may be used to meet the County’s ongoing obligations to citizens and creditors. Composition of Net Assets (in millions) Unrestricted $682.5 (19%) Invested in capital assets, net of related debt $2,490.1 (69%) Restricted $437.9 (12%) • The County’s total net assets as reported in the Statement of Activities increased by $287.0 million from the prior year. Of this amount, $290.6 million is attributed to governmental activities and ($3.6) million is attributable to business-type activities. Net Assets by Activity (in m illions) $4,000 $3,500 2007 2006 $3,000 $2,500 $2,000 $1,500 $1,000 $500 2007 2006 $$(500) • Governmental Activities Business-type Activities The County’s governmental funds reported combined fund balances of $1,267.4 million, an increase in fund balance of $285.3 million over the prior fiscal year. Approximately 96.1 percent of the combined fund balances or $1,217.7 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 decreased by 17.5 percent to $445.0 million; approximately 47.2 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 enterprise funds reported combined total net assets of ($1.6) million, of which total unrestricted net assets were ($3.5) 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 92. 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 Solid Waste Management, the Arizona Health Care Cost Containment System (AHCCCS)—Arizona Long-Term Care System (ALTCS) program and AHCCCS—Acute Health Care program. 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 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 are reported as blended component units. The Housing Authority of Maricopa County and Maricopa County Sports Commission are reported as discretely presented component units. The Government-wide financial statements can be found on pages 21-23 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 four major governmental funds. Information is presented separately in the governmental funds Balance Sheet and in the governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances for the General, Detention Operations, County Improvement Debt, and General Fund County Improvements 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 92 of this report. The governmental funds financial statements can be found on pages 24-28 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 Solid Waste Management, the Arizona Health Care Cost Containment System (AHCCCS)—Acute Health Care program, and the AHCCCS—Arizona Long-Term Care System (ALTCS) program. 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 enterprise funds provide the same type of information as the government-wide financial statements, only in more detail. The Solid Waste Management Fund is considered to be a major fund 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 231 of this report. The proprietary fund financial statements can be found on pages 30-32 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 34-35 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 39-74 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 Note 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 77-82 of this report. Government-wide Financial Analysis This year is the sixth 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, 2007, as compared to the prior year. Schedule of Net Assets As of June 30 (in millions) Governmental Activities 2007 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 $ 1,533.5 2,632.5 4,166.0 Business-type Activities 2006* $ 1,227.3 2,516.3 3,743.6 200.1 353.8 553.9 180.9 241.2 422.1 2,488.3 437.8 686.0 3,612.1 2,414.0 345.6 561.9 3,321.5 $ 2007 $ 13.7 1.9 15.6 Total 2006* 2006* % Chg P/Y 21.6 1.4 23.0 $ 1,547.2 2,634.4 4,181.6 $ 1,248.9 2,517.7 3,766.6 .1 17.1 17.2 2.7 18.3 21.0 200.2 370.9 571.1 183.6 259.5 443.1 9.1 42.9 28.9 1.8 .1 (3.5) (1.6) 1.3 2,490.1 437.9 682.5 $ 3,610.5 2,415.3 345.6 562.6 $ 3,323.5 3.1 26.7 21.3 8.6 $ $ 2007 $ .7 2.0 23.9% 4.6 11.0 * The governmental activities and total columns’ net assets, invested in capital assets, net of related debt and capital assets amounts for fiscal year 2006 were adjusted by ($29.9) million primarily from corrections of errors in Transportation infrastructure assets. In addition, the governmental activities, business-type activities and total column’s total net assets, current and other assets, current liabilities, and long-term liabilities columns for fiscal year 2006 were restated 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 $298.3 million or 23.9 percent. This was due to an increase in cash of $301.0 million, which is comprised of $301.7 and ($.7) million in governmental and business-type activities, respectively. The 6 Management’s Discussion and Analysis (Continued) increase in governmental activities is primarily due to proceeds from the issuance of Lease Revenue Bonds, Series 2007 A, and the related premium from issuance of $108.7 million. The increase in cash for governmental activities can also be attributed to an increase in tax revenues of $65.3 million and an increase in short-term liabilities of $29.9 million, which resulted in a temporary timing difference between when liabilities were paid and lowering cash consumption during the fiscal year. The decrease in business-type activities cash is due to the decrease in landfill closure and postclosure care cost liability of $1.1 million, of which $.7 million is due to cash payments. At June 30, 2007, the County’s combined governmental activities and business-type activities assets exceeded liabilities by approximately $3.6 billion, an increase from the prior year of $287.0 million. The governmental activities comprise 101.3 percent of this increase, with an increase in net assets as reported in the statement of activities of $290.6 million. The increase for governmental activities is attributed to the increase in the County’s capital assets and tax revenue, as discussed below. The decrease in business-type activities net assets of ($3.6) million from the prior year is attributed to the transfer of the Arizona Health Care Cost Containment System (AHCCCS) — Acute Health Care program and the AHCCCS — ALTCS program assets and liabilities to the General Fund. See page 9 for additional information. By far, the largest portion - $2.5 billion or 69.0 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. Governmental activities net assets invested in capital assets increased by $74.3 million due to an increase in net capital assets of $116.2 million, which was offset by an increase in capital related debt of $41.9 million. The increase in capital assets can be attributed to the construction related to the justice courts and administrative facilities, for which a total of $75.5 million was expended and included $32.8 million in the County Improvement Fund, $27.0 million in the General Fund County Improvement Fund, $9.2 million in the Detention Capital Projects Fund, and $6.5 million in the Intergovernmental Capital Projects Fund. The increase can also 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 $53.6 and $100.6 million, respectively. The business-type activities invested in capital assets increased $.6 million primarily due to the construction of solid waste transfer stations, which resulted in a $.6 million increase in construction in progress. The second component of the County’s total net assets, $437.9 million or approximately 12.1 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 $92.2 million. The increase in governmental activities restricted net assets is mainly attributable to the public safety function, with a fund balance increase of $66.0 million from the prior fiscal year. The net asset increase in this function is primarily attributable to an increase in sales taxes for detention operations of $7.5 million, an increase in Flood Control District property tax revenues of $3.7 million, an increase in maintenance of effort transfers to detention operations of $15.2 million, and an increase in transfers for detention capital projects of $23.7 million The final component consists of unrestricted net assets, $682.5 million or 18.9 percent, and may be used to meet the County’s ongoing obligations. The governmental activities comprise 100.5 percent of this component. Unrestricted net assets for governmental activities increased from fiscal year 2006 by $124.1 million, or 22.1 percent. The increase in unrestricted net assets can be attributed to an increase in tax 7 Management’s Discussion and Analysis (Continued) revenue recorded in the General Fund. Unrestricted property tax, sales tax and vehicle license tax revenues increased $25.1, $22.6, and $5.5 million, respectively, from the prior fiscal year. Changes in Net Assets As discussed previously, the County’s total net assets of $3.6 billion increased by $287.0 million as reported in the Statement of Activities. Of this amount, $290.6 million, or 101.3 percent, is attributable to governmental activities, and $(3.6) 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 2007 compared to the prior year and indicates the changes in net assets for governmental and business-type activities: Schedule of Activities For the Fiscal Years Ended June 30, 2007 and June 30, 2006 (in millions) Governmental Activities 2007 2006* 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 Solid Waste Management Total Expenses Excess (deficiency) before transfers Transfers Change in net assets Net assets – beginning, as restated Net assets – ending $ 185.0 443.6 47.3 $ 203.7 393.4 42.5 1,272.8 67.6 2,016.3 1,207.5 44.9 1,892.0 211.5 864.9 464.3 191.1 185.6 782.1 433.8 131.1 Business-type Activities 2007 2006* $ 2.5 0.9 3.4 1,731.8 1,532.6 .2 .4 .3 .9 284.5 6.1 290.6 3,321.5 $3,612.1 359.4 (43.4) 316.0 3,005.5 $3,321.5 2.5 (6.1) (3.6) 2.0 (1.6) $ $ 84.0 Total 2007 $ 187.5 443.6 47.3 2006* $ 287.7 393.4 42.5 % Chg P/Y (34.8)% 12.8 11.3 0.5 84.5 1,272.8 68.5 2,019.7 1,207.5 45.4 1,976.5 5.4 50.9 2.2 56.7 40.0 2.4 99.1 211.5 864.9 464.3 191.1 .2 .4 .3 1,732.7 185.6 782.1 433.8 131.1 56.7 40.0 2.4 1,631.7 14.0 10.6 7.0 45.8 (99.6) (99.0) (87.5) 6.2 287.0 344.8 (16.8) 287.0 3,323.5 $ 3,610.5 344.8 2,978.7 $ 3,323.5 (16.8) 11.6 8.6 (14.6) 43.4 28.8 (26.8) $ 2.0 * The governmental activities and total columns’ net assets for fiscal year 2006 were adjusted by ($29.9) million primarily from corrections of errors in Transportation infrastructure assets. In addition, the governmental activities, business-type activities and total column’s total net assets for fiscal year 2006 were restated for various adjustments related to the prior period. See Note 3 – Beginning Balances Restated for additional information. ** Beginning fiscal year 2007, general government expenses include loss on disposal of capital assets. This amount was previously shown separately on the Statement of Activities. For comparison purposes, the fiscal year 2006 loss on disposal of capital assets was reclassified on this schedule into general government. *** 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 $290.6 million, or 101.3 percent, of the $287.0 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 $150.8 million. This increase is offset by disposals and other miscellaneous capital asset transactions, such as donations, totaling ($34.7) million. 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 63.1 and 22.0 percent, respectively, of total governmental activities revenues for fiscal year 2007. Tax revenues increased by $65.3 million from sales taxes of $22.6 million, property taxes levied of $29.9 million, other County-levied taxes of $7.3 million, and vehicle license taxes of $5.5 million. The increase in tax revenues can be attributed to a strong economy, increasing County population, and higher property values. Although Maricopa County’s economic environment is fairly strong, the economic growth is slowing down and these revenue increases are smaller than those realized in fiscal year 2006 of $132.4 million. Operating grants and contributions increased $50.2 million, which is in part attributable to increases in the health, welfare and sanitation and general government functions of $15.3 and $13.3 million, respectively. Health, welfare and sanitation functional revenues increased primarily from an increase in disproportionate share revenue of $5.1 million. General government functional revenues increased primarily from an increase in grant revenue of $6.4 million for the purchase of updated voting equipment. 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 $124.3 million, or 6.6 percent, over the prior period, this increase was offset by an increase in expenses. Governmental activities expenses increased by $199.2 million, or 13.0 percent, over the prior period. The largest increases are in the public safety and health, welfare, and sanitation functions of $82.8 and $30.5 million, respectively. The increase in the public safety function is attributable to increases in the General Fund and Detention Operations Fund of $53.6 and $28.0 million, respectively. The increases in both the General and Detention Operations funds were due to an increase in personnel and payroll expenses as a result of the County initiative beginning in fiscal year 2007 to expand court and justice facilities and services. The increase in health, welfare, and sanitation is due to an increase in disproportionate share and Arizona Long-term Care System payments of $5.1 and $15.5 million, respectively. Business-type Activities As discussed earlier, the business-type activities of the County include Solid Waste Management, the Arizona Health Care Cost Containment System (AHCCCS) — Acute Health Care program, and the AHCCCS — Arizona Long-Term Care System (ALTCS) program. Business-type activities total net assets decreased by ($3.6) million from the prior fiscal year, for total net assets at June 30, 2007, of ($1.6) million. Solid Waste Management comprised $1.0 million or (28.1) percent of the change in net assets for fiscal year 2007. Solid Waste Management realized an increase in charges for services revenue of $.3 million and a decrease in estimate for the landfill closure and postclosure care liability of $.4 million during fiscal year 2007, which contributed to the increase in net assets of $1.0 million. The health care programs comprised ($4.6) million or 128.1 percent of the total decrease in business-type activities. This decrease in net assets is primarily due to the transfer of the Arizona Health Care Cost Containment System (AHCCCS) — Acute Health Care program and the AHCCCS — ALTCS program assets and liabilities to the General Fund, which totaled ($9.3) million. Overall, health care program revenues and expenditures decreased 95.9 and 89.5 percent, respectively, from fiscal year 2006 due to the closure or transfer of these programs. In fiscal year 2006, 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 — ALTCS program was discontinued by the County. The County 9 Management’s Discussion and Analysis (Continued) continued to report these funds during the closeout period until June 30, 2007, in which the remaining assets and liabilities were transferred to the General Fund. The primary revenue source for business-type activities is charges for services, which comprised $2.5 million or 93.5 percent of total business-type operating revenues. This component consists mainly of patient service revenues and charges for services revenues from the two health care programs. The primary expense for business-type activities consists of medical services, changes in closure and postclosure cost, and personal services costs that account for $.4 million of the $.7 million in operating expenses. As noted above, health care program revenues and expenditures decreased 95.9 percent and 89.5 percent, respectively, from fiscal year 2006 due to the closure or transfer of the two 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, 2007, the governmental funds reported combined fund balances of $1,267.4 million and an increase in fund balance of $285.8 million over the prior fiscal year. Approximately 96.1 percent of the combined fund balances or $1,217.7 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 $445.0 million, while total fund balance was $471.5 million. This represents a decrease in the unreserved fund balance from the prior year of $94.6 million, or 17.5 percent. This decrease can be attributed to an increase in operating transfers out of $282.1 million, which is primarily due to an increase in transfers to capital projects funds for capital outlay. The increase in operating transfers out was offset by increases in tax revenue of $27.0 million, intergovernmental revenue of $40.2 million, and operating transfers in of $80.2 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 47.2 percent of the total fiscal year 2007 General Fund expenditures, while total fund balance represents 50.0 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 10 Management’s Discussion and Analysis (Continued) 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 $148.1 million, of which more than 99 percent is unreserved. This was an increase in total fund balance of $24.3 million, or 19.6 percent, from the prior fiscal year. Although the fund had more expenditures than revenues by $98.3 million, the increase in fund balance can be partially attributed to net transfers of $122.6 million, which was a net decrease of $8.1 million over the prior year. Transfers from the General Fund for maintenance of effort were $161.0 million while transfers to the Detention Capital Projects Fund were $38.7 million. 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 is a debt service fund that accounts for the debt service on the Lease Revenue Bonds, Series 2001; the Lease Revenue Refunding Bonds, Series 2003; Lease Revenue Bonds, Series 2007A; Lease Revenue Refunding Bonds, Series 2007B; 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 Series 2007A, and Lease Revenue Refunding Bonds, Series 2007B, 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 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 $18.5 million, while total fund balance was $26.8 million. The General Fund County Improvements Fund is a capital projects fund that accounts for capital projects funded by transfers from the General Fund. Projects that are currently funded include justice, administrative and parks facilities. During fiscal year 2007, the General Fund provided a transfer of $307.4 million, primarily for the construction of court facilities. At the end of the current fiscal year, fund balance of the General Fund County Improvements Fund was $242.4 million, all of which is unreserved. 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) 2007 Revenues by Source Taxes Intergovernmental Other Totals Amount $ 640.4 1,105.8 268.8 $ 2,015.0 2006 Percent of Total 32% 55 13 100% Amount $ 601.2 1,025.7 226.0 $ 1,852.9 Increase Percent of Total 33% 55 12 100% Amount $ 39.2 80.1 42.8 $ 162.1 % Chg P/Y 6.5% 7.8 18.9 8.7 During fiscal year 2007, the County experienced an increase in governmental revenues from the previous year of $162.1 million, an 8.7 percent increase. This increase is mainly attributable to increases in taxes revenue and intergovernmental revenue of $39.2 and $80.1 million, respectively. Intergovernmental and taxes revenues comprises 87 percent of total governmental funds revenue. Tax revenues increased primarily from property tax revenue of $31.7 million. Property tax revenue increased as a result of an increase in assessed values and new housing. The intergovernmental revenues increase was mainly attributable to an increase in the sales tax apportionment, as reported in the General Fund, of $22.6 million and an increase in capital project cost-sharing revenue, as reported in the Transportation Capital Projects Fund, of $30.2 million. The increases of sales tax apportionment can be attributed to the County’s economic vitality. The increase in cost-sharing revenue is primarily attributable to the Cotton Lane Bridge Transportation project for which the County received $22.2 million in contributions from other jurisdictions. 11 Management’s Discussion and Analysis (Continued) 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) 2007 Expenditures by Function General government Public safety Health, welfare and sanitation Capital outlay Other Totals Amount $ 173.1 813.3 461.7 301.4 123.3 $ 1,872.8 2006 Percent of Total 9% 43 25 16 7 100% Amount $ 131.0 733.2 430.6 232.9 118.7 $ 1,646.4 Increase Percent of Total 8% 45 26 14 7 100% Amount $ 42.1 80.1 31.1 68.5 4.6 $ 226.4 % Chg P/Y 32.1% 10.9 7.2 29.4 3.9 13.8 Expenditures from governmental fund types for fiscal year 2007 increased by $226.4 million, a 13.8 percent increase from the prior year. The most significant changes were in general government, public safety and capital outlay expenditures with increases of $42.1, $80.1 and $68.5 million, respectively. The increase in general government was mainly attributed to increases in Elections Department expenditures of $18.4 million and internal service charges of $5.3 million. The increase in the Elections Department expenditures is due to the expansion of voting facilities and services, including expansion of the mail-in ballot program, and the purchase of updated voting equipment. The increase in internal service charges is due to the rise in cost of major maintenance, building and ground services and energy management for the County as a whole. The increase in public safety was attributed to $66.7 million in additional payroll and personnel expenditures. This increase in personnel and payroll expenditures is mainly attributable to the County results initiative beginning in fiscal year 2007 to expand court and justice facilities and services. This results initiative resulted in the significant addition of full-time equivalent staff, thus considerably increasing the payroll and related expenditures of this expenditure function from the prior year. The increase in capital outlay expenditures is attributed to increases in general, transportation, and justice related county improvement capital outlay expenditures as reported in the General Fund County Improvements Fund, Transportation Capital Projects Fund, and County Improvement Fund, with increases from the prior fiscal year of $19.8, $17.3, and $27.8 million, respectively. Proprietary funds. The County’s 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, 2007, the enterprise funds reported combined net assets of ($1.6) million and a decrease in fund balance of $3.6 million over the prior fiscal year. Of the total fund balance, $1.9 million is invested in capital assets, net of related debt, $7.7 thousand is restricted for debt service, and the remainder is unrestricted. The Solid Waste Management Fund is the County’s only major enterprise fund. 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 ($2.6) million for a restatement of the liability for closure and postclosure cost of ($.1) million. This restatement was a result of a prior period correction due to a clerical error in the calculation of the liability for closure and postclosure care costs at June 30, 2006. Operating revenues consist primarily of charges for services to citizens and municipalities for solid waste management services of $667.4 thousand. Operating expenses for the fiscal year consisted primarily of the decrease in the landfill closure and postclosure liability of $.4 million. Besides the decrease in landfill closure and postclosure care costs, Solid Waste Management activities during the fiscal year remained consistent with the prior fiscal year. The fund’s fiscal year-end net assets balance 12 Management’s Discussion and Analysis (Continued) increased $1.0 million to ($1.6) million at June 30, 2007. This increase can be attributed to an increase in charges for services revenue and a decrease in closure and postclosure care costs during fiscal year 2007. The following table shows actual revenues, expenses and results of operations for the current fiscal year for all enterprise funds: Schedule of Revenues, Expenses and Changes in Fund Net Assets Enterprise Funds (in millions) 2007 Operating revenues Operating expenses Operating income (loss) Nonoperating revenues (expenses), net Gain (loss) before transfers Transfers, net Change in net assets $ 2.7 .7 2.0 .5 2.5 (6.1) (3.6) $ Increase/(Decrease) Amount % Chg P/Y 2006 $ $ 84.0 97.0 (13.0) (1.6) (14.6) 43.4 28.8 $ $ (81.3) (96.3) 15.0 2.1 17.1 (49.5) (32.4) (96.8)% (99.3) (115.4) (131.3) (117.1) (114.1) (112.5) At June 30, 2007, revenues and expenses for enterprise fund activities accounted for .13 and .02 percent of the County’s total fund-based revenues and expenses, respectively. The two health care programs comprised 75.3 and 55.7 percent of the enterprise funds operating revenues and expenses, respectively. The decrease in net assets of $3.6 million is primarily from the transfer of the assets and liabilities of the two health care programs to the General Fund, which totaled ($9.3) million. In fiscal year 2006, the Maricopa Health Plan Fund was transferred to the Maricopa County Special Health Care District, a separate legal entity, and the ALTCS Fund was discontinued by the County. The County continued to report these funds during the close out period until June 30, 2007, in which the remaining assets and liabilities were transferred to the General Fund. Overall, revenues and expenditures decreased significantly from fiscal year 2006 due to the closure or transfer of the health care programs. General Fund Budgetary Highlights The difference between the original budget and the final amended budget for the General Fund resulted in a decrease in revenue of $69.2 million and a decrease in expenditures of $ 152.6 million. During fiscal year 2007, the County eliminated disproportionate share revenues and expenditures from the budget. This resulted in a decrease of $63.4 million in both budgeted revenues and expenditures. The decrease in budgeted expenditures can also be attributed to a decrease in Pre-AHCCCS claims liability funding of $23.3 million. Significant favorable expenditure variances, as compared to the budget, were incurred in the General Government Department (general government function) of $178.7 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, 2007, were $2.6 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 $116.7 million, or 4.6 percent, from the prior year. Of this amount, $116.2 million, or 99.6 percent, is attributable to governmental activities, and $.5 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 2007 2006* $ 507.6 $ 490.7 588.9 541.0 $ 1,084.3 1,044.5 75.7 204.2 71.9 197.0 171.8 2,632.5 $ Business-type Activities 2007 2006 $ 1.2 $ 1.2 0.1 0.6 171.2 2,516.3 $ 1.9 0.2 $ 1.4 2006* 491.9 541.0 % Chg P/Y 3.4% 8.9 1,084.3 1,044.5 3.8 75.8 204.8 72.1 197.0 5.1 4.0 171.8 $ 2,634.4 171.2 $ 2,517.7 0.4 4.6 Total 2007 $ 508.8 588.9 $ * The governmental activities and total columns’ capital asset amounts for fiscal year 2006 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, 2007, was in the increase in Transportation Department Completed infrastructure of $47.9 million or 8.9 percent. 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, 2007, Flood Control District infrastructure-related assets consisted of land, infrastructure and construction in progress of $261.9, $171.8, and $155.4 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 2007, the condition level of both systems was within the established condition level. Actual maintenance/preservation costs did not vary significantly from the estimated costs. For the roadway system, actual maintenance/preservation costs were $682,445 above the estimated costs. Actual maintenance/preservation costs of the bridge system were $214,035 below estimated costs. See Required Supplementary Information on page 82 for additional information. At June 30, 2007, Transportation Department infrastructure-related assets consisted of land, infrastructure and construction in progress of $131.2, $588.9, and $17.1 million, respectively. Capital assets for business-type activities increased $.5 million during the fiscal year. This increase is due to the construction of two solid waste transfer stations, which were incomplete at fiscal year-end and had a cumulative cost of $.5 million at June 30, 2007. Long-Term Liabilities At June 30, 2007, the County had total long-term liabilities (noncurrent liabilities due within one year and more than one year) outstanding of $370.9 million, which represents a $111.4 million increase from the restated prior year balance of $259.5 million. The County restated the beginning balance for closure and postclosure care costs liability and reported and incurred but not reported claims liability of $.1 and $.6 million, respectively. See Note 3 – Beginning Balances Restated for additional information. The majority 14 Management’s Discussion and Analysis (Continued) of the $110.8 million increase is attributable to the issuance of Lease Revenue Bonds, Series 2007A and 2007B, of $140.9 million, the issuance of capital leases of $25.7 million, and debt service payments made during fiscal year 2007 for Lease Revenue Bonds ($40.9 million), Lease Trust Certificates ($2.4 million), Stadium District revenue bonds ($2.8 million), Stadium District contractual obligations ($2.4 million) and capital leases ($8.9 million). The largest components of long-term liabilities at June 30, 2007, consisted of Lease Revenue Bonds - $181.2 million, Stadium District revenue bonds - $47.2 million, Capital Leases $33.0 million, and reported claims and incurred but not reported claims - $59.9 million. Maricopa County 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, 2007, 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, 2007, the fund balance in the County Improvement Debt Fund to pay future liabilities was $26.8 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 $58,225,000 (par value) of which $47,230,000 remains outstanding. Capital leases applicable to governmental activities of $33.0 million have been entered into for various lease-purchase agreements, which are noncancelable, for the acquisition of audio/visual systems, computer systems and equipment, and communications equipment. This is an increase of $16.7 million from the prior year primarily related to purchase of voting equipment, network infrastructure technology equipment, and officer radio and taser units. Reported and incurred but not reported claims applicable to governmental activities of $59.9 million are reported in the Risk Management and Employee Benefits Trust funds (internal service funds). This is an increase of $1.2 million from the prior year primarily related to actuarial estimates for the County’s selfinsured portion of future claims for general litigation related to torts; thefts of, damage to, and destruction of assets; errors and omissions; injuries to employees; natural disasters; and certain health benefits that are paid through the operations of the funds. Additional information regarding long-term liabilities can be found in the Notes to Financial Statements (Note 13 – Long-Term Liabilities and Note 17 – Risk Management). Economic Factors and Next Year’s Budget and Rates • Arizona’s economy is projected to experience small employment losses in 2008, primarily driven by the decline in residential construction, a slower housing market, and higher energy costs. Gradual economic improvements are forecasted for 2009, taking into account lower interest rates, greater availability of credit, the economic stimulus programs, and a leveling of petroleum prices, according to the Arizona Department of Economic Security (www.workforce.az.gov). 15 Management’s Discussion and Analysis (Continued) • The population in Maricopa County continues to grow at a rapid pace. The U.S. Census Bureau reports that Maricopa County’s population increased by 2.7 percent from fiscal year 2006 to 2007 (www.census.gov). The unemployment rate in Maricopa County, according to Arizona’s Workforce, in March 2008 was 3.5 percent, which remains below both the state average of 4.0 percent and national average of 5.1 percent (www.workforce.az.gov). • As reported by the U.S. Census Bureau, Maricopa County’s population increased 25.3 percent from April 1, 2000 to July 1, 2007, which is higher than the United States overall population increase of 6.9 percent for the same time period. This suggests that more people are migrating to Arizona than to most other states (www.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 2008 budget and tax rate. It was based on the following assumptions: • Declining growth in property tax assessed values due to the slowdown in the housing market is fully reflected in the property tax base. Maricopa County’s primary (general operating) property tax levy is limited to 2% annual increases on existing property, plus taxes on new properties. • Significantly lower growth in State Shared Sales Tax, Vehicle License Tax, and Jail Excise Tax revenues. These revenue sources experienced unprecedented growth in FY 2005-06, but this growth was not sustainable. Revenues will continue to grow, but at a much lower rate. • Sizable increases in mandated payments to the State of Arizona for health care, in particular ALTCS program. • Steady increases in employee compensation and health benefits and retirement contributions. At the end of the fiscal year, unreserved fund balance for the General Fund was $445.0, or 47.2 percent of total General Fund expenditures. Unreserved fund balance decreased by almost 17.5 percent from the prior year. The decrease is attributable to General fund transfers out to the General Fund County Improvements Fund for capital projects. 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. 16 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 Revenue Bonds, Series 2007A; Lease Revenue Refunding Bonds, Series 2007B; Lease Trust Certificates, Series 2004; and other long-term obligations. Funding is provided by transfers from the General Fund, revenue from the Maricopa County Special Health Care District, a separate legal entity, and pledged contributions from various donors for the Human Services Campus. 19 Maricopa County Definitions of Government-wide Financial Statements and Listing of Major Funds Capital Projects Funds General Fund County Improvements Fund – accounts for capital projects funded by transfers from the General Fund. Enterprise Funds 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. 20 Maricopa County Statement of Net Assets June 30, 2007 COMPONENT UNITS PRIMARY GOVERNMENT Governmental Business-type Activities Activities ASSETS Cash in bank and on hand $ 4,318,657 Cash and investments held by County Treasurer 1,145,533,356 Receivables (net of allowances 26,378,778 for uncollectibles) Due from other governmental units 201,999,484 Inventories 11,359,197 Prepaids 1,855,519 Deferred costs 5,537,308 Miscellaneous 4,161,200 Intergovernmental loans 21,018,395 Advances to other funds 48,666 Cash and investments held by trustee – restricted 111,338,782 Capital assets: Land 507,611,245 Buildings and improvements 1,354,576,953 Machinery and equipment 219,266,153 Infrastructure – nondepreciable 588,921,213 Infrastructure – depreciable 230,077,875 Construction in progress 204,212,055 (Accumulated depreciation) (472,206,622) Total assets 4,166,008,214 LIABILITIES Accounts payable Accrued liabilities Employee compensation payable Interest 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 1,375 $ 4,320,032 13,565,652 1,159,099,008 93,273 26,472,051 201,999,484 11,359,197 1,855,519 5,537,308 4,165,144 21,018,395 48,666 3,944 7,691 111,346,473 1,187,486 979,795 1,623,205 508,798,731 1,355,556,748 220,889,358 588,921,213 230,077,875 204,859,571 (474,705,371) 4,181,619,402 647,516 (2,498,749) 15,611,188 Sports Commission 3,665,553 $ 5,194,561 23,339 Total $ 9,500 3,688,892 5,204,061 58,700 4,102 58,700 4,102 4,830,082 41,168,077 707,447 32,195 4,830,082 41,168,077 739,642 1,017,243 (26,325,015) 30,320,750 (24,328) 40,706 1,017,243 (26,349,343) 30,361,456 103,230 76,840 180,070 77,587,358 11,945,382 80,367,560 1,307,626 27,814,030 171,993 949,822 14,811 7,095 72,533 441 54,105,454 299,620,478 553,869,703 5,225,375 11,909,298 17,229,553 59,330,829 311,529,776 571,099,256 315,297 699,176 2,488,280,795 1,860,630 2,490,141,425 21,397,834 21,397,834 281,922 281,922 7,691 (3,486,686) (1,618,365) 7,645,247 290,858,864 51,844,801 32,588,784 32,304,087 3,465,068 19,157,667 682,514,203 $3,610,520,146 7,645,247 290,858,864 51,844,801 32,588,784 32,304,087 3,465,068 19,149,976 686,000,889 $3,612,138,511 $ The notes to the financial statements are an integral part of this statement. 21 77,602,169 11,952,477 80,440,093 1,308,067 27,814,030 171,993 949,822 $ Housing Authority 129,389 129,389 7,500 7,500 151,260 7,941,818 $ 29,621,574 151,260 315,297 783,516 84,340 $ (43,634) (43,634) $ 7,898,184 29,577,940 Maricopa County Statement of Activities For the Fiscal Year Ended June 30, 2007 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: Solid Waste Management Other business-type activities Total business-type activities Total primary government Component units: Housing Authority Sports Commission Total component units $ 211,473,080 864,907,381 132,992,498 464,255,008 36,196,645 15,687,335 6,254,330 1,731,766,277 Operating Grants and Contributions Charges for Services $ 34,852,251 95,402,079 12,756,421 36,933,502 4,213,017 818,977 $ 184,976,247 334,354 591,472 925,826 17,398,183 102,606,342 109,891,744 193,694,005 6,691,988 13,325,416 Capital Grants and Contributions $ 1,834,422 142,298 45,266,868 12,961 443,607,678 47,256,549 667,376 1,878,307 2,545,683 $ 1,732,692,103 $ 187,521,930 $ 443,607,678 $ 47,256,549 $ 17,166,959 416,585 $ 1,631,515 146,051 $ 14,178,995 82,290 $ 368,583 $ 17,583,544 $ 1,777,566 $ 14,261,285 $ 368,583 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 Share of state vehicle license tax Grants and contributions not restricted to specific programs Unrestricted investment earnings 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. 22 Net (Expense) Revenue and Changes in Net Assets Primary Government Activities $ (157,388,224) (666,756,662) 34,922,535 (233,627,501) (25,278,679) (1,542,942) (6,254,330) (1,055,925,803) Component Units Business-type Activities $ (1,055,925,803) Housing Authority Total $ 333,022 1,286,835 1,619,857 333,022 1,286,835 1,619,857 1,619,857 (1,054,305,946) 413,294,370 65,513,238 18,390,885 480,411,950 145,389,597 6,288,093 143,543,618 1,844,364 55,405,747 10,346,066 684,104 169,932 413,294,370 65,513,238 18,390,885 480,411,950 145,389,597 6,288,093 143,543,618 1,844,364 56,089,851 10,515,998 6,098,668 1,346,526,596 (6,098,668) (5,244,632) 1,341,281,964 290,600,793 3,321,537,718 (3,624,775) 2,006,410 286,976,018 3,323,544,128 3,612,138,511 $ (1,618,365) $ Total (157,388,224) (666,756,662) 34,922,535 (233,627,501) (25,278,679) (1,542,942) (6,254,330) (1,055,925,803) $ $ Sports Commission 3,610,520,146 $ (987,866) (987,866) (188,244) (188,244) (987,866) (188,244) (1,176,110) (987,866) 30,609,440 (188,244) 144,610 (1,176,110) 30,754,050 29,621,574 23 $ $ $ (43,634) $ 29,577,940 Maricopa County Balance Sheet Governmental Funds June 30, 2007 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 $ 102,770 365,240,599 16,710,875 8,539,582 104,298,096 5,516,416 710,030 21,018,395 48,666 $ $ 522,185,429 $ 201,583,832 $ $ 17,297,175 16,462,602 1,612,599 4,783,055 $ 8,089,322 6,702,543 $ $ 13,688,536 3,566,661 4,742,824 18,828,056 30,835,178 261,532 17,427,149 58,253,226 38,670,475 3,391 1,085,624 8,017,750 10,562,420 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 350 169,290,182 1,196,590 County Improvement Debt 22,330,741 50,717,851 53,465,731 5,516,416 20,950,382 36,500 261,532 31,434,115 8,323,775 444,964,280 147,856,569 18,495,336 471,467,578 $ 522,185,429 148,118,101 $ 201,583,832 26,819,111 $ 58,253,226 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, 2007, 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. 24 General Fund County Improvements $ Other Governmental Funds $ 243,993,280 $ 243,993,280 $ $ 1,619,274 $ 886,881 271,516,809 4,387,422 38,710,706 48,038,154 3,977,182 2,314,519 93,911,633 463,743,306 40,719,172 6,407,341 9,766,255 7,979,268 168,602 4,043 Total Governmental Funds $ $ $ 8,587 19,096,946 949,822 85,100,036 1,619,274 3,977,182 67,724,943 29,572,486 11,378,854 51,432,798 171,993 1,089,667 8,017,750 8,587 51,990,107 949,822 222,337,007 9,755,130 20,950,382 36,500 19,149,976 10,826,201 $ 990,001 1,063,729,406 25,861,548 51,993,112 201,999,484 9,755,130 3,024,549 21,018,395 48,666 111,338,782 1,489,759,073 242,374,006 158,387,513 205,452,374 444,964,280 306,244,082 447,826,380 18,495,336 242,374,006 378,643,270 1,267,422,066 243,993,280 $ 463,743,306 2,627,791,227 24,176,077 23,004,977 (330,255,836) $ 3,612,138,511 25 Maricopa County Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds For the Fiscal Year Ended June 30, 2007 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 $ 145,389,597 $ 27,459,208 3,735 3,346,366 39,820,387 7,384,495 3,098,682 1,233,182,964 180,237,035 6,445,048 155,019,006 413,983,793 269,659,969 324,829,215 1,754,910 1,976,114 10,758,187 3,243,113 249,944 Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Capital lease agreements Proceeds from bond issuance Premium on bond issuance Payment to escrow agent Loan Proceeds 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 405,681,192 2,510,839 735,206,991 31,719,110 18,244,445 County Improvement Debt 45,377,305 942,940,343 8,960,017 278,619,986 14,251,244 290,242,621 (98,382,951) (7,806,196) 80,433,885 (491,099,978) 25,720,244 161,279,161 (38,670,475) 76,831,405 (68,818,587) 32,840,000 973,842 (34,414,011) $ (384,945,849) 122,608,686 7,412,649 (94,703,228) 565,179,124 991,682 471,467,578 24,225,735 123,822,406 69,960 148,118,101 (393,547) 27,212,658 The notes to the financial statements are an integral part of this statement. 26 $ $ 26,819,111 General Fund County Other Governmental Funds Improvements $ $ 4,114 4,114 89,304,825 37,568,003 339,829,419 55,945,987 13,397,424 3,929,786 55,157,811 595,133,255 Total Governmental Funds $ 18,102,461 129,653,687 56,087,569 136,839,639 26,528,825 13,242,217 173,121,467 813,297,449 56,087,569 461,668,854 28,283,735 15,218,331 27,052,019 27,052,019 5,539,331 2,787,125 1,210,523 219,993,663 609,985,040 16,297,518 6,030,238 1,460,467 301,383,004 1,872,848,632 (27,047,905) (14,851,785) 142,153,784 307,419,489 (58,240,485) 165,550,825 (128,586,572) 1,217,018 146,903,517 791,514,765 (785,416,097) 25,720,244 140,940,000 1,596,088 (34,414,011) 1,217,018 141,158,007 132,051,732 245,624,560 966,978 378,643,270 283,311,791 982,081,655 2,028,620 1,267,422,066 108,100,000 622,246 249,179,004 222,131,099 20,242,907 $ 640,375,614 40,078,842 1,105,841,984 87,668,832 31,641,869 3,929,786 105,465,489 2,015,002,416 242,374,006 $ $ 27 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, 2007 Net change in fund balances – total governmental funds (page 27) $ 283,311,791 Amounts reported for governmental activities in the Statement of Activities pages 22 – 23 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. 150,810,209 The net effect of various miscellaneous transactions involving capital assets (i.e., sales, trade-ins, and donations) is to decrease net assets. (34,747,252) Collection of revenues in the governmental funds exceeded revenues reported in the Statement of Activities. (546,217) 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. (108,985,331) 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. (5,357,048) 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 23) The notes to the financial statements are an integral part of this statement. 28 6,114,641 $ 290,600,793 29 Maricopa County Statement of Net Assets Proprietary Funds June 30, 2007 Business-type Activities Enterprise Fund Solid Waste Management ASSETS Current assets: Cash in bank and on hand Cash and investments held by County Treasurer Accrued interest receivable Inventories Prepaids Miscellaneous Total current assets $ $ 3,944 13,664,244 Noncurrent assets: Restricted: Cash and investments held by trustee Capital assets: Land Buildings and improvements Machinery and equipment Construction in progress Less accumulated depreciation Total noncurrent assets 3,328,656 81,803,950 517,230 1,604,067 1,855,519 1,136,651 90,246,073 7,691 1,187,486 979,795 1,623,205 647,516 (2,498,749) 1,946,944 Total assets LIABILITIES Current liabilities: Accounts payable Employee compensation payable Accrued liabilities Interest payable Due to other funds Leases payable Lease revenue bonds payable (current portion) Advances from other funds (current portion) Liability for reported and incurred but not reported claims (current portion) Liability for closure and postclosure costs (current portion) Total current liabilities 323,649 10,413,783 (6,069,787) 4,667,645 15,611,188 94,913,718 14,811 72,533 7,095 441 9,862,415 928,896 566,528 560,314 54,501 7,250 12,166 23,923,105 5,205,959 5,320,255 Noncurrent liabilities: 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 35,895,759 22,707 36,500 36,012,982 Total liabilities NET ASSETS Invested in capital assets, net of related debt Restricted for debt service Unrestricted (deficit) Total net assets (deficit) 1,375 13,565,652 93,273 Governmental Activities Internal Service Funds $ The notes to the financial statements are an integral part of this statement. 30 11,850,091 11,909,298 36,012,982 17,229,553 71,908,741 1,860,630 7,691 (3,486,686) (1,618,365) 4,613,144 $ 18,391,833 23,004,977 Maricopa County Statement of Revenues, Expenses, and Changes in Fund Net Assets Proprietary Funds For the Fiscal Year Ended June 30, 2007 BUSINESS-TYPE ACTIVITIES – ENTERPRISE FUNDS Governmental Solid Nonmajor Activities - Waste Enterprise Internal Service Management Funds Total Funds OPERATING REVENUES Charges for services Miscellaneous Total operating revenues $ 667,376 3,059 670,435 $ 1,878,307 166,873 2,045,180 $ 2,545,683 169,932 2,715,615 $ 89,188,642 468,153 89,656,795 OPERATING EXPENSES Personal services Supplies 389,874 389,874 8,213,480 48,912 48,912 15,737,989 Medical services 420,482 Other services 420,482 81,570 81,570 4,564,061 Legal 8,934,567 Insurance 37,320,508 Leases and rentals 14,125 14,125 2,643,478 Repairs and maintenance 59,066 59,066 2,145,296 Travel and transportation Utilities Depreciation Miscellaneous Change in closure and postclosure cost Total operating expenses Operating income 695 695 4,460 3,106 3,106 5,700,216 85,381 85,381 950,639 71,355 (419,730) 334,354 71,355 (419,730) 754,836 420,482 336,081 1,624,698 86,214,694 1,960,779 3,442,101 684,104 3,328,890 (170,990) 513,114 (75,035) 3,253,855 NONOPERATING REVENUES (EXPENSES) Investment income 684,104 Interest expense (170,990) (170,990) 684,104 Total nonoperating revenues (expenses) Income before contributions and transfers 1,020,185 1,453,708 2,473,893 3,215,410 (9,314,078) 3,215,410 (9,314,078) (4,644,960) (3,624,775) 6,695,956 Capital contributions 5,431 Transfers in Transfers out Change in net assets 1,020,185 Total net assets (deficit) – beginning, as restated Total net assets (deficit) – ending $ 4,644,960 (2,638,550) (1,618,365) $ The notes to the financial statements are an integral part of this statement. 31 $ 2,006,410 (1,618,365) (586,746) 6,114,641 $ 16,890,336 23,004,977 Maricopa County Statement of Cash Flows Proprietary Funds For the Fiscal Year Ended June 30, 2007 BUSINESS-TYPE ACTIVITIES ENTERPRISE FUNDS Solid Nonmajor Enterprise Waste Funds Management 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 Cash transfers to other funds Interest payments Loan payments to General Fund Premium tax Net cash used for noncapital financing activities 12,001,247 $ (5,731,589) 6,269,658 Total 12,001,247 667,376 3,059 (6,747,888) (373,621) 5,550,173 $ 90,162,629 468,153 (68,379,381) (8,003,602) 14,247,799 560,314 3,018,089 (9,314,078) (170,990) 3,018,089 (9,314,078) (170,990) (12,168) 197,321 (6,281,826) (12,168) 197,321 (6,269,658) (12,168) CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Acquisition of capital assets Capital lease payments Lease revenue bond payments Interest payments on long-term debt Net cash used for capital and related financing activities CASH FLOWS FROM INVESTING ACTIVITIES Interest and dividends Net cash provided by investing activities Net increase (decrease) in cash and cash equivalents RECONCILIATION OF OPERATING INCOME (LOSS) TO NET CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES Operating income $ 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 closure and 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 County 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 (1,138,675) (672,920) (6,976) (139) (680,035) (6,976) (139) (680,035) (2,800) (1,723,935) 670,670 670,670 670,670 670,670 3,172,431 3,172,431 (741,018) 14,557,620 14,315,736 $ (72,235) (1,626,754) (672,920) (741,018) Cash and cash equivalents, July 1, 2006 Cash and cash equivalents, June 30, 2007 $ 667,376 3,059 (1,016,299) (373,621) (719,485) Governmental Activities Internal Service Funds (1,622,206) (98,929) 14,315,736 13,574,718 $ 336,081 $ 1,624,698 70,574,986 $ 13,574,718 $ 85,132,606 $ 1,960,779 $ 3,442,101 85,381 85,381 (5,158,517) 950,639 3,164,708 (5,158,517) (16,754) 16,253 9,956,067 9,956,067 4,305,864 4,305,864 262,493 (312,140) (7,079,352) (2,487,972) 245,739 16,253 (312,140) (7,079,352) (2,487,972) 6,269,658 4,018,071 5,550,173 23,513 149,502 973,987 7,216,305 209,878 34,165 (1,916,999) 4,018,071 (719,485) SCHEDULE OF NONCASH INVESTING, CAPITAL AND NONCAPITAL FINANCING ACTIVITIES – Debit (Credit) Accumulated depreciation from disposed capital assets Machinery and equipment disposed Capital contributions Capital assets transferred from governmental activities Capital assets transferred to governmental activities Accumulated depreciation transferred to governmental activities $ $ $ $ The notes to the financial statements are an integral part of this statement. 32 14,247,799 134,923 (134,923) (5,431) 5,431 (586,746) 586,746 33 Maricopa County Statement of Fiduciary Net Assets Fiduciary Funds June 30, 2007 Investment Trust Fund Agency Fund Assets Cash in bank and on hand $ Cash and investments held by County Treasurer $ 37,023,998 $ 37,023,998 $ $ 37,023,998 37,023,998 2,549,928,316 16,364,478 Accrued interest receivable 2,566,292,794 Total assets Liabilities Deposits held for other parties Total liabilities Net Assets Held in trust for investment participants $ 2,566,292,794 The notes to the financial statements are an integral part of this statement. 34 Maricopa County Statement of Changes in Fiduciary Net Assets Fiduciary Funds For the Fiscal Year Ended June 30, 2007 Investment Trust Fund Additions: Contributions from participants $ 14,211,676,680 Investment income: Interest income 87,670,977 11,228,939 Net increase in fair value of investments 98,899,916 Net investment earnings 14,310,576,596 Total additions Deductions: 13,917,381,548 Distributions to participants 13,917,381,548 Total deductions Change in net assets 393,195,048 2,173,097,746 Net assets – beginning, as restated Net assets – ending $ 2,566,292,794 The notes to the financial statements are an integral part of this statement. 35 36 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 39 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 government-wide 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 Phoenix Regional 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. 40 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 The Housing Authority is a legally separate entity that provides efficient and affordable rental housing to low-income 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 41 Notes to the Financial Statements (Continued) Phoenix Regional Sports Commission The Phoenix Regional Sports Commission (Sports Commission), formerly Maricopa County Sports Commission, is a legally separate entity pursuant to A.R.S. §11-701(F). The Sports Commission 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 Commission’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 cities’ mayors within the County. The County does not have the ability to impose its will on the Sports Commission. The Sports Commission is a discretely presented component unit, as the Maricopa County Board of Supervisors may dissolve the Sports Commission at any time at the sole discretion of the County and, therefore, a financial benefit or burden exists. Complete financial statements for the Phoenix Regional Sports Commission may be obtained at the entity’s administrative office listed below: Phoenix Regional 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. 42 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, in which each party receives and gives up essentially equal values, are reported as operating revenues. Nonoperating revenues, such as investment income, result from transactions in which the parties do not exchange equal values. 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 Revenue Bonds, Series 2007A; Lease Revenue Refunding Bonds, Series 2007B; Lease Trust Certificates, Series 2004; and other long-term obligations. Funding is provided by transfers from the General Fund; intergovernmental revenue from the Maricopa County Special Health Care District, a separate legal entity; and pledged contributions from various donors for the Human Services Campus. The General Fund County Improvements Fund – accounts for the capital projects funded by transfers from the General Fund. 43 Notes to the Financial Statements (Continued) The County reports the following major enterprise fund: 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. The County’s major revenue sources that are susceptible to accrual are property taxes, intergovernmental, charges for services, and investment earnings. Expenditures are recorded when the related fund liability is incurred, except for principal and interest on general longterm debt, claims and judgments, and compensated absences, which are recognized as expenditures to the extent they are due and payable. General capital asset acquisitions are reported as expenditures in governmental funds. Proceeds of general long-term debt and acquisitions under capital lease agreements are reported as other financing sources. Under the terms of grant agreements, the County funds certain programs by a combination of grants and general revenues. Therefore, when program expenses are incurred, there are both restricted and unrestricted net assets available to finance the program. The County applies grant resources to such programs before using general revenues. The County’s business-type activities, enterprise funds, internal service funds, and the discretely presented component units 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. 44 Notes to the Financial Statements (Continued) 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 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. 45 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. 46 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 $10,000 nontaxable investment in a Post Employment Health Plan established pursuant to Internal Revenue Code §501(c)(9). The obligations vested at June 30, 2007, under this policy are accrued as a liability. Compensated absences are substantially paid within one year from fiscal year-end and, therefore, are reported as a current liability on the government-wide financial statements. NOTE 2 – REPORTING CHANGES Beginning in fiscal year 2007, the County established the County School Indirect Cost (special revenue fund) and the School Transportation (special revenue fund) Funds. Both are nonmajor governmental funds. In prior years, the County School Indirect Cost Fund was considered an Agency Fund and the School Transportation Fund was reported with the School Communication Expense Fund (special revenue fund). The School Communication Expense Fund was renamed the School Communication Fund (special revenue fund) and the Research and Reporting Fund (special revenue fund) was eliminated and the activity is now reported in the General Fund. NOTE 3 – BEGINNING BALANCES RESTATED On July 1, 2006, Maricopa County restated the Employee Benefits Fund beginning net assets for prior period corrections pertaining to medical incentives payable reported as part of incurred but not reported (IBNR) claims liability. These liabilities represented estimated incentives payable to the County’s health care provider which were not due and payable at June 30, 2006. In fiscal year 2006, the County School Indirect Cost Fund was considered an agency fund. However, as the monies maintained in this fund were invested in the Treasurer’s Investment Pool, the fund was reported as part of the Investment Trust Fund. Beginning July 1, 2006, the County School Indirect Cost Fund is reported as a special revenue fund. As a result, on July 1, 2006, Maricopa County restated beginning net assets of governmental activities and the Investment Trust Fund, and the beginning fund balance of the governmental fund financial statements. On July 1, 2006, the County restated beginning net assets of the Investment Trust Fund for monies held by the County Attorney RICO Fund in custodial capacity. Prior to July 1, 2006, these monies were reported as part of the agency fund; however, as these monies are invested in the Treasurer’s Investment Pool, they should have been reported as part of the Investment Trust Fund. On July 1, 2006, the County restated governmental activities capital assets balances by ($29,933,079) for corrections of prior periods resulting primarily from Transportation infrastructure assets. During fiscal year 2007, the County converted to a more accurate road measurement system, as a result, several road and land asset values were restated to reflect actual roadway lengths. The total restatement due to measurement inaccuracies was ($13,318,616), comprised of ($68,419) in land adjustments and ($13,250,197) in infrastructure – road adjustments. In addition, several assets should have been deleted in prior fiscal years, resulting in a restatement of ($16,614,463), of which ($14,968,399) is related to Transportation and Flood Control infrastructure assets and ($1,646,064) is related to buildings. 47 Notes to the Financial Statements (Continued) Beginning net assets and beginning fund balances were adjusted for the above, as follows: Total Internal Service Funds Total Governmental Funds $ 3,350,386,772 $ 16,290,336 $ 981,597,630 600,000 484,025 (29,933,079) 600,000 $ 3,321,537,718 $ 16,890,336 Governmental Activities Net assets/fund balance reported as of June 30, 2006 Plus: Employee Benefits IBNR correction Plus: County School Indirect Cost Fund Less: Capital assets corrections Net assets/fund balance as of July 1, 2006, as restated 484,025 $ 982,081,655 The beginning net assets of the Investment Trust Fund were adjusted for the above, as follows: Investment Trust Fund Net assets reported as of June 30, 2006 Less: County School Indirect Cost Fund Plus: County Attorney RICO Fund monies $ 2,158,260,882 (484,025) 15,320,889 Net assets as of July 1, 2006, as restated $ 2,173,097,746 On July 1, 2006, Maricopa County restated the Solid Waste Management Fund beginning net assets for prior period corrections for an overstatement of the landfill closure and postclosure care cost liabilities. This overstatement was due to an error in the calculation of the liability at June 30, 2006. On July 1, 2006, Maricopa County restated beginning net assets for the Maricopa Health Plan Fund and ALTCS Fund for prior period corrections made because of Maricopa Managed Care Systems’ errors in accrued asset and liability accounts. As a result, the beginning net assets were restated to properly reflect the actual receipts and payments made for these health plans. On July 1, 2006, beginning net assets of business-type activities and the Solid Waste Management Fund were adjusted as follows: Business-type and Total Enterprise Fund Activities Net assets reported as of June 30, 2006 $ Plus: closure and postclosure care cost liability adjustment Plus: Acute Health Care Program adjustment (Maricopa Health Plan Fund) Plus: Arizona Long-Term Care System Program adjustment (ALTCS Fund) Net assets as of July 1, 2006, as restated $ 48 (3,307,467) 116,134 Solid Waste Management Fund $ (2,754,684) 116,134 $ (2,638,550) 161,959 5,035,784 2,006,410 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 1,267,422,066 Capital assets used in governmental activities are not financial resources and therefore, are not reported in the funds. 507,611,245 1,354,253,304 208,852,370 818,999,088 204,212,055 (466,136,835) 2,627,791,227 Land Buildings and improvements Machinery and equipment Infrastructure Construction in progress Accumulated depreciation Net governmental funds capital assets at June 30, 2007 Other assets are not available to pay for current period expenditures and therefore, are deferred in the funds. 12,239,360 8,434,032 3,502,685 24,176,077 Deferred revenue for property taxes receivable at June 30, 2007 Deferred revenue for grant revenues receivable at June 30, 2007 Deferred revenue for contributions receivable at June 30, 2007 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. 23,004,977 Some long-term liabilities and compensated absences are not due and payable shortly after June 30, 2007, and therefore, are not reported in the funds. (173,647,293) (6,812,000) (4,295,000) (47,230,000) (978,394) (94,490) 5,537,308 (7,237,834) (32,984,631) (205,765) (12,223,600) (49,866,178) (217,959) (330,255,836) Noncurrent lease revenue bonds due in more than one year at June 30, 2007 Lease trust certificates payable at June 30, 2007 Certificates of participation due in more than one year at June 30, 2007 Stadium District revenue bonds payable at June 30, 2007 Stadium District loan payable at June 30, 2007 Special assessment debt with governmental commitment payable at June 30, 2007 Deferred issuance cost at June 30, 2007 Bond premium payable at June 30, 2007 Governmental funds capital leases payable at June 30, 2007 Governmental funds installment purchase agreements payable at June 30, 2007 Claims and judgments payable at June 30, 2007 Governmental funds compensated absences payable at June 30, 2007 Accrued interest payable at June 30, 2007 $ Net assets of governmental activities 49 3,612,138,511 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 $ 283,311,791 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, 2007 Add: Internal service funds depreciation expense for the year ended June 30, 2007 202,810,163 (52,950,593) 950,639 150,810,209 The net effect of various miscellaneous transactions involving capital assets is to decrease net assets. Net value of disposed capital assets for the year ended June 30, 2007 Adjustment for the net value of assets capitalized in the current year but acquired in prior years Donations of capital assets (42,221,697) 1,142,022 6,332,423 (34,747,252) 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, 2007 Property taxes earned during the year ended June 30, 2007 Collections of deferred contributions revenues exceeding amounts reported as earned for the year ended June 30, 2007 (1,738,077) 1,648,971 (457,111) (546,217) 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 Net increase in bond premium Principal payments on certificates of participation Principal payments on capital leases Net increase in deferred issuance costs Proceeds from Stadium District loans payable Proceeds from issuance of lease revenue bonds payable Proceeds from issuance of lease revenue refunding bonds payable Accrued interest payable on long-term debt 45,352,079 2,400,000 (25,720,244) (824,720) 420,000 9,235,511 2,297,311 (1,217,018) (108,100,000) (32,840,000) 11,750 (108,985,331) 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. Net increase in employee compensation payable Increase in reserve for inventories Net increase in claims and judgments payable (6,257,248) 2,028,620 (1,128,420) (5,357,048) 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. 6,114,641 $ Change in net assets of governmental activities 50 290,600,793 Notes to the Financial Statements (Continued) NOTE 5 – STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY At June 30, 2007, the following funds reported deficits in fund balances or net assets. DEFICIT FUND Governmental Funds: Adult Probation Grants Air Quality Grants CDBG Housing Trust County Attorney Grants Emergency Management Human Services Grants Medical Examiner Grants Parks and Recreation Grants Public Health Sheriff Grants Sheriff RICO Transportation Grants $ Proprietary Funds: Equipment Services Risk Management Solid Waste Management $ 56,354 761,804 194,014 9,100 66,185 3,260,828 86,619 27,848 1,376,569 256,026 17,264 212,040 41,268 26,013,248 1,618,365 The deficits in fund balances for Adult Probation Grants, Air Quality Grants, County Attorney Grants, Emergency Management, Human Services Grants, Medical Examiner Grants, Parks and Recreation Grants, Public Health, 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. Risk Management Fund’s funding plan calls for the fiscal year ending cash balance to equal the next year’s estimated claims and claims related expenses. As of June 30, 2007, the total net assets deficit was $26,013,248. This is primarily due to the Risk Management Fund not being funded for noncurrent accrued claim liabilities which are not considered when determining funding for each fiscal year. 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 2008. 51 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 earning 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, 2007, the carrying amount of the County’s deposits was $37,529,149, and the bank balance was $57,530,698. 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, 2007, $17,958,079 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 52 $ 11,509,672 $ 6,448,407 17,958,079 Notes to the Financial Statements (Continued) Investments – The County’s investments at June 30, 2007, were as follows: Investment Type U.S. Treasury securities U.S. agency securities Mutual funds with trustee Guaranteed investment contracts Other investments $ $ Amount 4,400,320 3,711,222,729 84,648,366 17,017,822 10,464,523 3,827,753,760 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, 2007, 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 Guaranteed investment contracts Rating Aaa P1 Unrated Aaa Unrated Rating Agency Moody’s Moody’s Not applicable Moody’s Not applicable $ $ Amount 2,491,630,748 1,180,707,581 38,884,400 84,648,366 17,017,822 3,812,888,917 The $38,884,400 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 $10,464,523 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 follow the credit risk disclosure 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, 2007, the County had $84,648,366 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 $10,464,523 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 follow the custodial credit risk disclosure 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, 2007 were in the Federal Home Loan Bank, the Federal National Mortgage Association, and the Federal Home Loan Mortgage Corporation. These investments were 40.5 percent, 32.8 percent, and 19.2 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. 53 Notes to the Financial Statements (Continued) Additionally, securities should be invested for a shorter duration, where applicable. At June 30, 2007, 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 Guaranteed investment contracts Less than 1 Year $ 4,400,320 1,722,237,768 84,648,366 Amount 4,400,320 3,711,222,729 84,648,366 17,017,822 $ 3,817,289,237 $ 1–5 Years More than 10 Years 6 – 10 Years $ $ $ 1,988,984,961 $ 1,811,286,454 $ 1,988,984,961 $ 8,122,500 8,122,500 8,895,322 8,895,322 $ The $10,464,523 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 follow the interest rate risk disclosure 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 3,827,753,760 Total Governmental Activities Statement of Net Assets: Cash in bank and on hand Cash and investments held by County Treasurer Cash and investments held by trustee Total $ 4,318,657 $ Business-type Activities $ 1,145,533,356 111,338,782 $1,261,190,795 $ 123,810 37,529,149 1,375 Investment Trust Fund $ 3,865,406,719 Agency Fund $37,023,998 13,565,652 2,549,928,316 7,691 13,574,718 $ 2,549,928,316 Component Units $ 3,688,892 Total $ 45,032,922 3,709,027,324 $37,023,998 $ 3,688,892 111,346,473 $ 3,865,406,719 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. 54 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 $10,204,319 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 $34,504,952 of deposits, $4,400,320 of investments in U.S. Treasury securities, $5,224,102 of U.S. agency securities, $84,648,366 of mutual funds with trustee, $17,017,822 of guaranteed investment contracts, and $10,464,523 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 $3,691,958,163 Interest Rates 3.1 – 5.8% Maturities 7/07 – 6/10 Reported Amount $3,705,998,627 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 $ 3,733,578,068 $ 3,733,578,068 $ 1,167,285,274 2,566,292,794 3,733,578,068 $ Statement of changes in net assets Total additions Total deductions Net increase (decrease) Net assets held in trust: July 1, 2006 (as restated) June 30, 2007 $ $ 24,264,764,044 23,642,663,046 622,100,998 3,111,477,070 3,733,578,068 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 General Fund Receivables: Taxes Accrued interest Special assessments Pledged Total receivables $ $ County Improvement Debt Fund Detention Operations Fund 12,129,391 4,581,484 $ 16,710,875 $ $ 1,196,590 1,196,590 55 Other Governmental Funds $ 2,529,581 1,755,981 101,860 $ $ 4,387,422 $ 63,976 $ 3,502,685 3,566,661 Total 14,658,972 7,598,031 101,860 3,502,685 25,861,548 Notes to the Financial Statements (Continued) Discretely presented component units: Receivables as of year-end for the discretely presented component units including the applicable allowances for uncollectible accounts, are shown as follows: Sports Commission Housing Authority Receivables Intergovernmental Accounts Other Notes receivable Gross receivables Less: allowance for uncollectibles Net total receivables $ 8,018 19,529 108,935 5,065,000 5,201,482 (6,921) 5,194,561 $ $ 9,500 9,500 $ 9,500 NOTE 9 – DUE FROM OTHER GOVERNMENTAL UNITS Amounts due from other governmental units at June 30, 2007, of $201,999,484, as reported on the Governmental Funds balance sheet, include $80,064,700, $15,352,373 and $18,261,473 in state-shared revenues for sales taxes, vehicle license taxes and highway user taxes, respectively; $24,480,932 in jail tax collected by the State but not received by the County; $1,079,852 in rental car surcharge collected by the State but not received by the County; $9,314,078 in medical claims collected by the State but not received by the County, $22,261,242 in various Federal and State grants; $4,570,039 due from other governments for prisoner detention and police services; $7,441,707 due from cities and towns for Flood Control District and Transportation Department intergovernmental agreements; and $345,032 of miscellaneous receivables from Federal, State and local governments. In addition, the County reported $18,828,056 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 meausrable 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, 2007, the County reported intergovernmental loans of $21,018,395. 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. 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. 56 Notes to the Financial Statements (Continued) The County also reported a $238,045 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, 2007 was as follows: Balance July 1, 2006, 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 490,654,309 197,046,973 540,991,323 1,228,692,605 Increase $ 31,391,794 140,662,668 63,492,896 235,547,358 Balance June 30, 2007 Decrease $ 14,434,858 133,497,586 15,563,006 163,495,450 $ 507,611,245 204,212,055 588,921,213 1,300,744,513 1,290,906,697 207,224,634 224,835,151 1,722,966,482 72,790,959 27,585,178 5,242,724 105,618,861 9,120,703 15,543,659 246,422,456 135,276,006 53,654,962 435,353,424 26,470,561 21,842,196 4,637,836 52,950,593 2,579,967 13,517,428 16,097,395 270,313,050 143,600,774 58,292,798 472,206,622 1,287,613,058 52,668,268 8,566,967 1,331,714,359 Governmental activities capital assets, net $ 2,516,305,663 $ Business-type activities: Nondepreciable assets: Land Construction in progress Total capital assets not being depreciated $ 1,187,486 $ 24,664,362 $ 2,632,458,872 $ 1,187,486 647,516 647,516 1,187,486 647,516 1,835,002 Depreciable assets: Buildings and improvements Machinery and equipment Total 979,795 1,597,801 2,577,596 25,404 25,404 979,795 1,623,205 2,603,000 Less accumulated depreciation for: Buildings and improvements Machinery and equipment Total 979,795 1,433,573 2,413,368 85,381 85,381 979,795 1,518,954 2,498,749 164,228 (59,977) 104,251 Total capital assets being depreciated, net Business-type activities capital assets, net $ 1,351,714 57 $ 288,215,626 1,354,576,953 219,266,153 230,077,875 1,803,920,981 $ $ 587,539 $ 172,062,417 $ 1,939,253 Notes to the Financial Statements (Continued) Balance July 1, 2006, 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 4,830,082 3,546,393 8,376,475 Increase $ $ 306,706 306,706 38,332,221 670,842 25,015,668 13,987,395 Balance June 30, 2007 Decrease $ 2,835,856 2,835,856 2,835,856 68,800 1,333,675 1,570,981 4,830,082 1,017,243 5,847,325 41,168,077 739,642 26,349,343 15,558,376 Discretely presented component units capital assets, net $ 22,363,870 $ 1,877,687 $ 2,835,856 $ 21,405,701 The County pledged certain governmental activities land and buildings as collateral for various lease revenue bonds. See Note 13 – Long-term Liabilities for additional information regarding outstanding bonds at June 30, 2007. On July 1, 2006, the County restated governmental activities capital assets balances by ($29,933,079) for corrections of prior period errors. 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 $ 8,056,215 29,466,071 3,758,617 2,304,647 7,835,786 578,618 950,639 52,950,593 $ 85,381 $ 1,333,111 564 $ 1,333,675 Business-type activities: Solid Waste Management Fund Discretely presented component units Housing Authority Sports Commission Total discretely presented component units depreciation expense NOTE 12 – CONSTRUCTION AND OTHER SIGNIFICANT COMMITMENTS At June 30, 2007, 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, 2007, the Maricopa County Transportation Department had contractual commitments of $34,070,858 for construction of various highway projects. The related estimated cost of completion for these projects was $342,507,712. 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). 58 Notes to the Financial Statements (Continued) Flood Control Construction Projects At June 30, 2007, the Maricopa County Flood Control District had contractual commitments of $15,946,874 for the construction of various flood control projects. The related estimated cost of completion for these projects was $265,123,027. 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, 2007, Maricopa County had no contractual commitments for construction of adult and juvenile detention facilities. The related estimated cost of completion for the current projects was $378,453. 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, 2007, Maricopa County had contractual commitments of $33,164,139 related to major capital projects financed primarily by the Lease Revenue Bonds, Series 2007A. The related estimated cost of completion for these projects was $542,288,418. These projects are accounted for in the County Improvement Fund (nonmajor governmental fund). The County had additional contractual commitments of $13,317,283 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 $20,044,137. NOTE 13 – LONG-TERM LIABILITIES The following schedule details the County’s long-term liability and obligation activity for the year ended June 30, 2007. Balance July 1, 2006, as restated Governmental activities: Bonds, loans, and other payables: Lease revenue bonds Lease trust certificates Certificates of participation Stadium District revenue bonds Stadium District loans payable Stadium District contractual obligations Special assessment debt with governmental commitment Capital leases Installment purchase agreements $ Additions 81,188,067 9,212,000 5,115,000 50,050,000 $140,940,000 1,217,018 2,428,888 Balance June 30, 2007 Due Within One Year $ 40,883,024 2,400,000 400,000 2,820,000 238,624 2,428,888 $181,245,043 6,812,000 4,715,000 47,230,000 978,394 $ 7,597,750 1,600,000 420,000 2,960,000 220,335 Reductions 154,267 16,312,891 546,202 25,720,244 51,190 8,994,003 340,437 103,077 33,039,132 205,765 15,010 13,358,637 205,765 Total bonds, loans, and other payables Plus: bond premium 165,007,315 6,413,114 167,877,262 1,596,088 58,556,166 771,368 274,328,411 7,237,834 26,377,497 Total bonds, loans, and other payables 171,420,429 169,473,350 59,327,534 281,566,245 26,377,497 11,095,180 1,882,000 753,580 12,223,600 3,804,852 Other liabilities: Claims and judgments payable Reported and incurred but not reported claims Total other liabilities Governmental activities long-term liabilities 58,688,378 32,353,435 31,105,726 59,936,087 23,923,105 69,783,558 34,235,435 31,859,306 72,159,687 27,727,957 $ 241,203,987 $203,708,785 $ 91,186,840 $353,725,932 $ 54,105,454 59 Notes to the Financial Statements (Continued) Balance July 1, 2006, as restated 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 $ 36,933 60,834 97,767 Additions $ 18,196,496 18,196,496 $ 18,294,263 $ Reductions $ 6,976 12,168 19,144 Due Within One Year Balance June 30, 2007 $ 29,957 48,666 78,623 $ 7,250 12,166 19,416 51,707 51,707 1,192,153 1,192,153 17,056,050 17,056,050 5,205,959 5,205,959 51,707 $ 1,211,297 $ 17,134,673 $ 5,225,375 On July 1, 2006, long-term liabilities were restated for landfill closure and postclosure care costs and reported and incurred but not reported claims. See Note 3 – Beginning Balances Restated for additional information. Bonds, loans, and other payables were as follows at June 30, 2007: 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 of, construction of, and equipment for the Public Service Building, Forensic Science Center, Superior Court Customer Service Center, parking garages, and related projects. Under the terms of the bond indentures, the Corporation received the proceeds to construct and purchase these assets and the County will make lease payments to extinguish the debt. Lease payments will equal the aggregate amount of principal and interest due at that date. Upon the final lease payment, the title to the assets will transfer to the County. The County’s obligation to make lease payments will be subject to and dependent upon annual appropriations being made by the County. Bonds maturing after July 1, 2012, are subject to optional redemption in increments of $5,000 on July 1, 2011, or any date thereafter, at par plus accrued interest to the date fixed for redemption. In the event of nonappropriation, the bonds would be subject to special redemption at par plus accrued interest to the redemption date. On December 3, 2003, the Maricopa County Public Finance Corporation issued $16,880,000 of Lease Revenue Refunding Bonds for the current refunding of various certificates of participation (Series 2000, 1996, 1994, and 1993), 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. Bonds maturing on or after July 1, 2012, are callable on July 1, 2011, and are redeemable at par plus accrued interest. The outstanding principal balance of $10,605,000 will be paid by investments held in an irrevocable trust with a fair value of $11,254,428. Accordingly, the trust account assets and liability for these defeased bonds are not included in the County’s financial statements. 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 60 Notes to the Financial Statements (Continued) 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 to the intergovernmental agreement. See Note 9 – Due From Other Governmental Units for additional information. On May 23, 2007, the Maricopa County Public Finance Corporation issued $108,100,000 of Lease Revenue Bonds to pay for the acquisition, construction, and renovation of the Durango Animal Care and Control Facility and various court facilities. 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, 2017, are subject to optional redemption in increments of $5,000 on July 1, 2016, or any date thereafter, at par plus accrued interest to the date fixed for redemption. In the event of nonappropriation, the bonds would be subject to special redemption at par plus accrued interest to the redemption date. Refunded and Refinanced Obligations - On May 23, 2007, the Maricopa County Public Finance Corporation issued Lease Revenue Refunding Bonds, Series 2007B, for $32,840,000 (par value) with interest rates ranging from 4% to 5% and maturing from July 1, 2012 to July 1, 2015. The net bond proceeds were $34,414,011 which included a reoffering premium of $973,843, County contributions of $860,000, and cost of issuance of $259,831. The net proceeds were used to advance refund the Lease Revenue Bonds, Series 2001, of $32,215,000, with interest rates ranging from 4.75% to 5.5%, maturing from July 1, 2012 through July 1, 2015, and callable at par plus accrued interest on July 1, 2011. As a result of the refunding, the County reduced its total debt service requirements by $1,615,404, which resulted in an economic gain (difference between the present value of the debt service payments on the old and new debt) of $1,436,262. The following Lease Revenue Bonds were outstanding as of June 30, 2007: DESCRIPTION AMOUNT OF ISSUE 2001 Lease Revenue Bonds 2003 Lease Revenue Refunding Bonds 2007A Lease Revenue Bonds 2007B Lease Revenue Refunding Bonds $ 124,855,000 16,880,000 108,100,000 32,840,000 Total $ 282,675,000 INTEREST RATES MATURITY DATES 4.23 – 5.47% 2.50 – 3.38% 3.50 – 5.00% 4.00 – 5.00% 7-1-07/12 7-1-07/12 7-1-08/28 7-1-12/15 OUTSTANDING AT JUNE 30, 2007 $ 33,140,000 7,195,000 108,100,000 32,840,000 $ 181,275,000 Annual debt service requirements to maturity for the County’s Lease Revenue Bonds are as follows: Year Ending June 30 2008 Principal Total Principal $ 13,143,712 2009 9,762,476 7,625,882 17,388,358 7,524 587 8,111 2010 10,610,076 7,147,685 17,757,761 4,924 394 5,318 2011 11,139,939 6,630,357 17,770,296 5,061 238 5,299 2012 10,579,802 6,103,709 16,683,511 5,198 81 5,279 2013-17 50,550,000 22,974,035 73,524,035 2018-22 21,165,000 15,410,610 36,575,610 2023-27 26,605,000 9,819,300 36,424,300 2028-32 33,235,000 3,159,551 36,394,551 $ 181,245,043 $ 84,417,091 $ 265,662,134 $ 7,250 29,957 $ $ 791 Total $ 5,545,962 61 $ Business-type Activities Interest 7,597,750 Total $ Governmental Activities Interest 2,091 $ $ 8,041 32,048 Notes to the Financial Statements (Continued) The County defeased lease revenue bonds by placing the proceeds of new bonds in an irrevocable trust to provide for all future debt service payments on the old bonds. At June 30, 2007, $32,215,000 of bonds outstanding are considered defeased as summarized below. Refunded and Refinanced Obligations Outstanding Issue Series 2001 Lease Revenue Bonds Principal $ Call Date 32,215,000 July 1, 2011 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 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 July 1, 2011, were issued on an as needed basis. As of June 30, 2007, 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, 2007, the outstanding Lease Trust Certificates and annual debt service requirements to maturity are as follows: Governmental Activities Principal Interest Year Ending June 30 2008 2009 2010 2011 2012 $ 1,600,000 1,617,000 1,700,000 1,800,000 95,000 $ 250,394 183,401 114,327 41,441 1,978 Total $ 6,812,000 $ 591,541 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. 62 Notes to the Financial Statements (Continued) The following Certificates of Participation were outstanding at June 30, 2007: DESCRIPTION INTEREST RATES MATURITY DATES 4.85 – 5.50% 7-1-07/15 AMOUNT OF ISSUE 2000 Certificates of Participation $ 6,975,000 OUTSTANDING AT JUNE 30, 2007 $ 4,715,000 Annual debt service requirements to maturity for certificates of participation are as follows: Governmental Activities Principal Interest Year Ending June 30 2008 2009 2010 2011 2012 2013 – 16 $ 420,000 445,000 465,000 490,000 520,000 2,375,000 $ 233,258 212,170 189,759 166,000 140,490 266,396 Total $ 4,715,000 $ 1,208,073 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, 2007: DESCRIPTION AMOUNT OF ISSUE 2002 Revenue Refunding Bonds $ 58,225,000 INTEREST RATES MATURITY DATES 4.00 — 5.375% 6-1-07/19 OUTSTANDING AT JUNE 30, 2007 $ Annual debt service requirements to maturity for Stadium District bonds are as follows: Governmental Activities Year Ending June 30 2008 2009 2010 2011 2012 2013 – 17 2018 – 19 TOTAL Principal $ 2,960,000 3,105,000 3,260,000 3,390,000 3,570,000 20,920,000 10,025,000 $ 47,230,000 63 Interest $ 2,462,344 2,314,344 2,159,094 2,028,694 1,850,718 6,185,012 815,388 $ 17,815,594 47,230,000 Notes to the Financial Statements (Continued) Stadium District Loans Payable On July 25, 2006, the Stadium District entered into a cost-sharing agreement with the Arizona Diamondbacks (Team) for capital improvements at Chase Field. Under the terms of the agreement, the Team provided $679,295 of the funding for the enhancement; and the agreement states that the Stadium District will pay the Team back over the next two years, ending December 2008. On January 23, 2007, the Stadium District entered into a cost-sharing agreement with the Arizona Diamondbacks (Team) for the renovations at Chase Field. Under the terms of the agreement, the Team provided $537,723 of the funding for the renovations; and the agreement states that the Stadium District will pay the Team back over the next four years, ending December 2010. Annual debt service requirement to maturity for Stadium District loans payable are as follows: Governmental Activities Year Ending June 30 Principal 2008 $ 220,335 2009 399,577 2010 179,241 2011 179,241 Total $ 978,394 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 Queen Creek Water Central Avenue Billings Street Marquerite Drive th 7 Street North Total $ 301,960 301,905 14,004 60,670 60,059 $ 738,598 INTEREST RATES MATURITY DATES 4.875% 9.000% 9.000% 9.000% 8.000% 7-1-08/17 1-1-08/09 1-1-08 7-1-08/11 1-1-08/14 OUTSTANDING AT JUNE 30, 2007 $ 33,027 22,065 1,049 8,565 38,371 $ 103,077 Annual debt service requirements to maturity for special assessment debt with governmental commitment are as follows: Governmental Activities Year Ending June 30 2008 2009 2010 2011 2012 2013 – 17 2018 Total Principal $ $ 15,010 30,477 5,375 9,046 13,328 26,803 3,038 103,077 64 Interest $ $ 7,457 6,099 3,734 3,399 2,577 3,981 74 27,321 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 10,377,782 Communications Equipment 1,424,397 Medical Equipment 84,107 Total Capital Assets 11,888,924 Accumulated Depreciation (2,450,924) Net Value of Leased Capital Assets $ 9,438,000 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, 2007. Governmental Activities Year Ending June 30 2008 $ 13,358,637 2009 10,440,541 2010 7,964,971 2011 2,424,699 2012 855,248 Total minimum lease payments 35,044,096 Amount representing interest (2,004,964) Present value of net minimum lease payments $ 33,039,132 The present value of net minimum lease payments at June 30, 2007, of $33,039,132 exceeds the total capital assets of $9,464,352 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. The following schedule details debt service requirements to maturity for the County’s installment purchase contracts payable at June 30, 2007. Governmental Activities Year Ending June 30 2008 $ Total minimum payments Amount representing interest 208,863 208,863 (3,098) Present value of net minimum payments 65 $ 205,765 Notes to the Financial Statements (Continued) 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, nonmajor special revenue funds, internal service funds 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 (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, 2007, the allowable six and fifteen percent limits were $2,177,681,616 and $5,444,204,040, respectively. The County had no outstanding general obligation debt at June 30, 2007, 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, 2007, there were three revenue bond issues outstanding, with an aggregate principal amount payable of $200,940,000. Arbitrage Compliance The County is in compliance with all Federal arbitrage regulations for tax-exempt debt securities. As of June 30, 2007, the County had no arbitrage liability. NOTE 14 – MUNICIPAL LANDFILL CLOSURE AND POSTCLOSURE CARE COSTS The County has five landfills which are subject to closure and postclosure care requirements. State and federal laws and regulations require the County to place a final cover on all its landfill sites when they stop accepting waste and to perform certain maintenance and monitoring functions at the sites for 30 years after closure. Although one landfill is exempt from these regulations, the County is performing postclosure monitoring of this site and has included the estimated costs in the closure and postclosure liability. On May 31, 2007, the County’s last remaining landfill ceased accepting waste and the County is in the process of capping the landfill. The closure costs associated with this landfill are included in the landfill closure and postclosure care liability at June 30, 2007. In addition, during fiscal year 2007, the County updated estimates of the amount required to pay for closure, cleanup, remedial actions and monitoring at the County's five landfill sites, in accordance with generally accepted accounting principles. The County estimated these costs to be approximately $14,396,010. 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 66 Notes to the Financial Statements (Continued) 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 2007, the liability for the cost of the remedial investigation and the feasibility study for the Hassayampa Landfill was $2,660,040. The County’s estimate for closure and postclosure care requirements for the five landfills and the Hassayampa Landfill remedial investigation costs are subject to change due to inflation, changes in technology, and changes in regulations, or results of the investigational study. All associated closure and postclosure costs will be paid from the Solid Waste Management Fund. The total landfill closure and postclosure care liability of $17,056,050 is comprised of both the $14,396,010 for the five County landfills as of June 30, 2007, and the $2,660,040 remedial investigation costs for the Hassayampa Landfill. These amounts are based on what it would cost to perform all closure and postclosure care and remedial investigation costs in fiscal year 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, 2006, 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 which has a maturity date of June 30, 2009. Outstanding principal and interest is due on June 30 of each year. During fiscal year 2007, the County had not borrowed against the line of credit. On July 1, 2006, the County entered into an $9,797,315 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, 2007. The letter of credit was reserved against the municipal revolving line of credit. During fiscal year 2007, the letter of credit had not been drawn upon. The irrevocable standby letter of credit was renewed to July 1, 2008, for $5,870,994. 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 $15,272,696 for the year ended June 30, 2007. These operating leases have remaining lease terms from one to ten 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, 2007, are as follows: Governmental Activities $ 10,350,982 8,369,358 6,625,708 4,265,156 1,369,858 414,134 Year Ended June 30 2008 2009 2010 2011 2012 2013-17 Total minimum payments required 67 $ 31,395,196 Notes to the Financial Statements (Continued) 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 $2,000,000 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 liability, and tail liability for medical malpractice. Accrued actuarial liabilities are based on a discounted 55 percent confidence level assuming a 4.50 percent annual rate of return on investments. Accrued actuarial liabilities at June 30, 2007, for each insurable area follow: General liability Automobile liability Malpractice Workers’ compensation Property reserve Auto physical damage reserve Total $ $ 32,180,129 2,140,022 13,094,200 9,707,098 318,595 289,975 57,730,019 Changes in the unpaid claims liability reported in the Risk Management Fund follow: Year 2004-05 2005-06 2006-07 $ Balance July 1 42,532,613 50,490,551 55,916,393 $ Current-Year Claims And Changes In Estimates 15,923,337 17,605,701 16,330,438 Claims Payments $ (7,965,399) (12,179,859) (14,516,812) $ Balance June 30 50,490,551 55,916,393 57,730,019 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 2007 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. Accrued actuarial liabilities at June 30, 2007, for each insurable area follow: Pharmacy Medical Dental Short-term disability Total $ $ 68 1,327,068 338,000 278,000 263,000 2,206,068 Notes to the Financial Statements (Continued) Changes in the unpaid claims liabilities reported in the Employee Benefits Trust Fund follow: Year 2004-05 2005-06 2006-07 Balance July 1, as restated $ 5,139,150 4,080,935 2,771,985 Current-Year Claims And Changes In Estimates $ 33,271,440 26,446,873 16,022,997 $ Claims Payments (34,329,655) (27,155,823) (16,588,914) $ Balance June 30 4,080,935 3,371,985 2,206,068 On July 1, 2006, liabilities were restated for unpaid claims related to the Employee Benefits Trust Fund. See Note 3 – Beginning Balances Restated for additional information. Other Claims The County has exposure to the following claims areas carrying no commercial insurance: Indigent Health Care Litigation - At June 30, 2007, 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 appointed a Special Master to facilitate the dispute process. As of April 2008, the Special Master recommended decisions and the presiding judge accepted the recommendations that resulted in three judgments against Maricopa County in the combined amount of $42,053,266, including interest and statutory penalties. Maricopa County is appealing these decisions to the Arizona Court of Appeals. In the opinion of outside legal counsel, it is impossible to reasonably estimate the amount of the loss because of overlapping defenses and imprecise state statute standards that apply; therefore, no accrual for potential liability can be reasonably determined. Environmental Liability - The County has estimated and reported an environmental liability of $12,223,600 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 $26,476,400, 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 two health care programs that were accounted for in the Maricopa Health Plan Fund and ALTCS 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 69 Notes to the Financial Statements (Continued) 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 $197,321, which represents the outstanding medical claims for health care services received by these two programs’ enrollees, is included in the accrued liabilities reported in the General Fund. 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. 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.gov 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, 2007, active ASRS members and the County were each required by statute to contribute at the actuarially determined rate of 9.1 percent (8.6 percent 70 Notes to the Financial Statements (Continued) 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, 2007, 2006, and 2005 were $43,421,095, $32,073,962, and $26,449,682, 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 17 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, 2007, 2006, and 2005 were $4,472,388, $4,464,054, and $3,386,006, respectively, which were equal to the required contributions for the year. Agent Plans - For the year ended June 30, 2007, 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 15.25 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 25.08 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 29.84 percent. Active CORP members were required by statute to contribute 8.50 percent of the members’ annual covered payroll, and the County was required to contribute at the actuarially determined rate of 3.86 percent. Annual Pension Cost - The County’s pension cost for the two agent plans for the year ended June 30, 2007, and related information follows. (Sheriff) Contribution rates: County Plan members Annual pension cost Contributions made $ $ 15.25% 7.65% 6,635,820 6,635,820 PSPRS (Investigators) $ $ 25.08% 7.65% 171,511 171,511 CORP (Park Rangers) $ $ 29.84% 7.65% 16,800 16,800 $ $ 3.86% 8.50% 4,012,929 4,012,929 The current-year annual required contributions for the PSPRS (Sheriff, Investigators, and Park Rangers) and CORP were determined as part of their June 30, 2005, actuarial valuations using the projected unit credit actuarial cost method. The actuarial assumptions included (a) 8.50 percent investment rate of return and (b) projected salary increases ranging from 5.50 percent to 8.50 percent per year. (B) included an inflation component of 5.00 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, 2005, was 30 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, 2007 PSPRS (Sheriff) PSPRS (Investigators) PSPRS (Park Rangers) CORP Contributions Required and Contributions Made Percentage of APC Annual Pension Cost Contributed (APC) $ 6,635,820 171,511 16,800 4,012,929 100.0% 100.0% 100.0% 100.0% 71 Net Pension Obligation $ 0 0 0 0 Notes to the Financial Statements (Continued) Contributions Required and Contributions Made Percentage of APC Annual Pension Cost (APC) Contributed Plan Year Ended June 30, 2006 PSPRS (Sheriff) PSPRS (Investigators) PSPRS (Park Rangers) CORP $ 100.0% 100.0% 100.0% 100.0% 5,147,189 105,581 22,801 3,823,853 Net Pension Obligation $ Contributions Required and Contributions Made Percentage of APC Annual Pension Cost (APC) Contributed Plan Year Ended June 30, 2005 PSPRS (Sheriff) PSPRS (Investigators) PSPRS (Park Rangers) CORP $ 100.0% 100.0% 100.0% 100.0% 3,523,430 70,444 8,907 1,700,476 0 0 0 0 Net Pension Obligation $ 0 0 0 0 NOTE 19 – INTERFUND BALANCES AND ACTIVITY Interfund receivables and payables – interfund balances at June 30, 2007, were as follows: Payable from General Fund Detention Operations Fund Nonmajor Governmental Funds Internal Service Funds General Fund $ 7,979,268 560,314 8,539,582 $ Total Due From Payable To County Nonmajor Improvement Governmental Debt Fund Funds $ 4,742,824 $ 40,231 38,670,475 $ 4,742,824 $ 38,710,706 $ $ Total Due To 4,783,055 38,670,475 7,979,268 560,314 51,993,112 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, 2007. Interfund transfers – interfund transfers for the year ended June 30, 2007, were as follows: Transfers Out General Fund Detention Operations Fund County Improvement Debt Fund General Fund County Improvements Fund Nonmajor Governmental Funds Nonmajor Enterprise Funds Total Transfers In Detention Operations Fund General Fund $ $ Transfers In General Fund County Improvements Fund County Improvement Debt Fund 160,895,270 $ 17,306,818 $ 307,419,489 $ Nonmajor Governmental Funds 2,262,991 $ 38,670,475 Nonmajor Enterprise Funds 3,215,410 Total Transfers Out $ 68,818,587 2,301,220 383,891 9,314,078 $ 80,433,885 $ 161,279,161 $ 55,939,265 3,585,322 76,831,405 $ 58,240,485 128,586,572 9,314,078 794,730,175 $ 586,746 795,316,921 124,617,359 $ 307,419,489 $ 165,550,825 $ 3,215,410 491,099,978 38,670,475 68,818,587 Transfers of capital assets: Internal Service Funds transfer of capital assets to governmental activities In the fund financial statements, total transfers in of $794,730,175 are less than transfers out of $795,316,921 because of transfers of capital assets from the proprietary funds. During the year, existing capital assets with book values of $586,746 were transferred from the internal service funds to 72 Notes to the Financial Statements (Continued) governmental activities. The internal service funds reported transfers out for the net carrying value of the assets; however, there were no offsetting transfers in reported as these capital assets were transferred to governmental activities in the government-wide financial statements. 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 $ 8,539,582 Due To Other Funds $ Special Revenue Fund Detention Operations 4,783,055 Transfers In $ 38,670,475 Debt Service Fund County Improvement Debt 4,742,824 Capital Project Fund General Fund County Improvements NONMAJOR FUNDS Special Revenue Funds Air Quality Fees Air Quality Grants Ballpark Operations Cactus League Operations CDBG Housing Trust Clerk of the Court Grants Correctional Health Grants Environmental Service Grants Flood Control General Government Grants Human Services Grants Library District Grants Medical Examiner Grants Parks & Recreation Grants Parks Enhancement Parks Souvenir Public Defender Grants Public Health Public Health Fees Sheriff Grants Sheriff Jail Enhancement Sheriff RICO Transportation Operations Transportation Grants 1,391,888 80,433,885 Transfers Out $ 161,279,161 38,670,475 76,831,405 68,818,587 307,419,489 58,240,485 43,580 334,242 311,313 58,353 1,053,014 1,409,117 288,360 158,502 6,239 20,943 54,802 62,959 55,128,752 383,891 2,677,394 9,487 86,619 160,154 85,933 59,736 69,890 25,442 1,671,813 2,224,997 2,262,546 1,292,287 986 102 40,231 66,263,032 374,648 Debt Service Fund Stadium District Debt Service 1,409,117 Capital Projects Funds Detention Capital Projects Flood Control Capital Projects Intergovernmental Capital Projects Long Term Project Reserve Transportation Capital Projects 38,670,475 Enterprise Fund Maricopa Health Plan Non-AHCCCS Health Plans Internal Service Funds Sheriff Warehouse Telecommunications Total 491,099,978 38,670,475 55,128,752 235,933 1,053,014 66,263,032 1,385,321 1,491,944 1,723,466 6,525,894 2,788,184 560,314 586,746 $ 51,993,112 $ 51,993,112 $ 794,730,175 $ 795,316,921 $ 586,746 795,316,921 $ 795,316,921 Transfer of capital assets to/from governmental activities: Telecommunications 73 Notes to the Financial Statements (Continued) 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, 2007, through disproportionate share settlements established by Laws 2006, Second Regular Session, Chapters 331 and 344. AHCCCS was directed to distribute such settlements based on various qualifying criteria and allocation processes. Laws 2006 appropriated disproportionate share settlement amounts to be distributed to the hospitals for the fiscal year ended June 30, 2007. 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 $84,652,400. The Maricopa County Special Health Care District’s share of the settlement for the year ended June 30, 2007, totaled $88,854,700. However, Laws 2006 also mandated the reimbursement of $84,652,400 through the State Treasurer to the State General Fund. NOTE 21 – SUBSEQUENT EVENTS On July 1, 2007, the County became self-insured for medical, behavioral health, and vision benefits for all County employees. Prior to this date, with the exception of the medical Health Select Plan, these benefits were fully insured through purchased commercial insurance. 74 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, 2007 Variance With Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes $ Licenses and permits 411,425,245 $ 411,425,245 $ 405,681,192 $ (5,744,053) 2,066,000 2,066,000 2,510,839 444,839 724,945,179 655,559,291 650,554,591 (5,004,700) Charges for services 30,648,315 30,799,619 31,719,110 919,491 Fines and forfeits 15,044,128 12,621,648 14,777,378 12,911,153 18,244,445 39,820,387 3,467,067 26,909,234 1,196,750,515 1,127,538,686 1,148,530,564 20,991,878 General government 420,133,130 342,686,698 164,022,040 178,664,658 Public safety 405,627,704 421,147,673 413,983,793 7,163,880 Health, welfare and sanitation 335,963,503 252,979,380 240,176,815 12,802,565 1,766,029 1,796,155 1,754,910 41,245 2,132,796 34,587,796 2,125,094 26,877,995 1,976,114 19,657,061 148,980 7,220,934 1,200,210,958 1,047,612,995 841,570,733 206,042,262 (3,460,443) 79,925,691 306,959,831 227,034,140 7,022,061 (215,942,665) 78,141,867 (487,866,577) 89,436,919 (491,099,978) 11,295,052 (3,233,401) (208,920,604) (409,724,710) (401,663,059) 8,061,651 (212,381,047) (329,799,019) (94,703,228) 235,095,791 212,381,047 212,381,047 565,179,124 991,682 471,467,578 352,798,077 991,682 588,885,550 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 $ $ (117,417,972) The notes to the budgetary comparison schedules are an integral part of this schedule. 77 $ $ Maricopa County Required Supplementary Information Budgetary Comparison Schedule by Department General Fund For the Fiscal Year Ended June 30, 2007 Variance With Budgeted Amounts Final Original 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 Research and Reporting Treasurer General Government Total General Government 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 Sheriff Trial Courts Total Public Safety HEALTH, WELFARE AND SANITATION Air Quality Animal Control Services Environmental Services Health Care Mandates Human Services Public Health Total Health, Welfare and Sanitation $ $ $ $ $ 55,280,402 32,090,197 2,126,145 3,719,176 67,528,212 235,773 21,320,911 8,459,463 6,660,197 16,768,051 7,752,303 36,608,991 2,256,900 67,455,441 77,815,530 406,077,692 $ $ $ 23,048,519 2,748,739 7,761,544 1,686,973 2,726,272 19,127,871 2,555,617 13,091,663 4,460,743 3,247,827 1,897,474 3,273,855 1,968,477 2,507,084 370,739 4,805,674 272,867,402 368,146,473 $ 22,383,932 2,475,528 7,754,441 1,593,001 2,672,752 19,025,278 2,343,922 12,699,372 4,351,842 3,100,900 1,880,304 3,040,439 1,859,045 2,246,574 281,303 4,657,308 90,497,968 182,863,909 $ 58,727,759 32,209,669 2,126,145 3,719,176 67,644,997 239,116 21,749,656 8,484,419 7,493,426 20,465,867 7,774,738 37,661,400 2,317,528 71,998,625 79,919,030 422,531,551 $ 57,705,309 32,173,861 2,107,571 3,586,285 66,641,487 238,198 21,747,515 8,437,743 7,304,709 18,508,378 7,619,882 37,613,520 2,271,771 68,900,778 79,913,481 414,770,488 $ $ 1,022,450 35,808 18,574 132,891 1,003,510 918 2,141 46,676 188,717 1,957,489 154,856 47,880 45,757 3,097,847 5,549 7,761,063 $ $ 86,612 $ 459,753 375,982 3,425,331 222,790,577 2,702,378 10,413,931 240,167,952 $ 1,865,033 12,818,700 $ $ $ 664,587 273,211 7,103 93,972 53,520 102,593 211,695 392,291 108,901 146,927 17,170 233,416 109,432 260,510 89,436 148,366 182,369,434 185,282,564 $ $ 546,365 375,982 5,750,159 231,332,804 2,702,378 12,278,964 252,986,652 CULTURE AND RECREATION Parks and Recreation $ 1,766,029 $ 1,796,155 $ 1,761,140 $ 35,015 EDUCATION Superintendent of Schools $ 2,132,796 $ 2,152,164 $ 2,007,244 $ 144,920 $ 1,047,612,995 $ 841,570,733 $ 206,042,262 $ 1,200,210,958 $ Actual Amounts 546,899 375,982 2,419,397 317,896,691 2,702,378 12,029,428 335,970,775 Total General Fund Expenditures $ 22,979,361 2,328,625 7,504,804 1,686,973 2,667,353 19,040,514 2,457,959 12,932,897 4,442,521 3,182,409 1,897,474 3,232,305 1,961,265 2,349,174 349,072 4,668,836 360,582,124 454,263,666 Final Budget Positive (Negative) The notes to the budgetary comparison schedules are an integral part of this schedule. 78 2,324,828 8,542,227 Maricopa County Required Supplementary Information Budgetary Comparison Schedule Detention Operations Fund For the Fiscal Year Ended June 30, 2007 Variance With Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes $ Intergovernmental Charges for services Miscellaneous Total revenues 143,738,033 $ 143,738,033 $ 145,389,597 $ 1,651,564 25,314,341 25,314,341 27,459,208 2,144,867 8,900 2,400,000 8,899 2,400,001 3,735 7,384,495 (5,164) 4,984,494 171,461,274 171,461,274 180,237,035 8,775,761 316,705,660 22,336,109 317,218,482 21,053,343 269,659,969 8,960,017 47,558,513 12,093,326 339,041,769 338,271,825 278,619,986 59,651,839 (167,580,495) (166,810,551) (98,382,951) 68,427,600 160,895,270 (38,670,475) 161,279,161 (38,670,475) 161,279,161 (38,670,475) 122,224,795 122,608,686 122,608,686 (45,355,700) (44,201,865) 24,225,735 68,427,600 45,355,700 45,355,701 123,822,406 69,960 148,118,101 78,466,705 69,960 146,964,265 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 $ $ 1,153,836 The notes to the budgetary comparison schedules are an integral part of this statement. 79 $ $ Maricopa County Required Supplementary Information Note to Budgetary Comparison Schedules June 30, 2007 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 for recording the present value of net minimum capital lease payments as an other financing sources in the General Fund. Also, intergovernmental revenue and expenditures related to disproportionate share hospital payments made between the County and the Maricopa County Special Health Care District (SHCD), a separate legal entity, were also 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 Present value of net minimum capital lease payments Intergovernmental revenue from SHCD Disproportionate share expenditures Excess of revenues over expenditures from the budgetary comparison schedule 80 $ 290,242,621 (9,003,034) 25,720,244 84,652,400 (84,652,400) $ 306,959,831 Maricopa County Required Supplementary Information Schedule of Agent Retirement Plans’ Funding Progress For the Fiscal Year Ended June 30, 2007 Public Safety Personnel Retirement System Actuarial Valuation Date Sheriff 6/30/2007 6/30/2006 6/30/2005 $ Actuarial Valuation Date Park Rangers 6/30/2007 6/30/2006 6/30/2005 (2) (3) (4) (5) Actuarial Value of Plan Assets Actuarial Accrued Liability Funding (Liability) Excess (1)-(2) Funded Ratio (1)/(2) Annual Covered Payroll $ 261,206,181 234,335,788 212,059,264 $ (92,759,939) (57,761,766) (38,266,390) (1) (2) (3) (4) (5) Actuarial Value of Plan Assets Actuarial Accrued Liability Funding (Liability) Excess (1)-(2) Funded Ratio (1)/(2) Annual Covered Payroll $ 168,446,242 176,574,022 173,792,874 Actuarial Valuation Date Investigators 6/30/2007 6/30/2006 6/30/2005 (1) $ 4,319,200 4,712,273 4,797,091 $ 7,083,978 6,686,500 6,335,283 $ (2,764,778) (1,974,227) (1,538,192) 64.5% 75.4% 82.0% 61.0% 70.5% 75.7% $ 43,990,310 36,482,164 33,044,707 $ 697,382 735,348 568,063 (1) (2) (3) (4) (5) Actuarial Value of Plan Assets Actuarial Accrued Liability Funding (Liability) Excess (1)-(2) Funded Ratio (1)/(2) Annual Covered Payroll (885,077) (646,613) (471,359) 49.2% 63.8% 71.4% 857,262 1,139,171 1,179,036 $ 1,742,339 1,785,784 1,650,395 $ $ 61,089 58,609 109,426 (6) Unfunded Liability as a Percentage of Covered Payroll (3)/(5) (210.9%) (158.3%) (115.8%) (6) Unfunded Liability as a Percentage of Covered Payroll (3)/(5) (396.5%) (268.5%) (270.8%) (6) Unfunded Liability as a Percentage of Covered Payroll (3)/(5) (1,448.8%) (1,103.3%) (430.8%) Corrections Officer Retirement Plan (1) (2) (3) (4) (5) Actuarial Valuation Date Actuarial Value of Plan Assets Actuarial Accrued Liability Funding (Liability) Excess (1)-(2) Funded Ratio (1)/(2) Annual Covered Payroll 6/30/2007 6/30/2006 6/30/2005 $ 132,318,505 126,514,529 115,904,413 $ 165,763,785 143,415,991 118,153,647 $ (33,445,280) (16,901,462) (2,249,234) 81 79.8% 88.2% 98.1% $ 85,695,836 76,431,091 64,454,423 (6) Unfunded Liability as a Percentage of Covered Payroll (3)/(5) (39.0%) (22.1%) (3.5%) Maricopa County Required Supplementary Information Modified Approach for Infrastructure Assets For the Fiscal Year Ended June 30, 2007 Condition Rating of Maricopa County Roadway System Percentage of Lane Miles in Very Good or Excellent Condition (71-100) Roadway System FY 2006 83% FY 2007 82% FY 2005 85% FY 2004 90% FY 2003 95% Percentage of Lane Miles in Substandard Condition < 55 FY 2007 FY 2006 FY 2005 FY 2004 FY 2003 2% 3% 3% 3% 1% Roadway System Comparison of Estimated to Actual Maintenance/Preservation FY 2007 FY 2006 Estimated $ 11,313,748 $ 7,503,436 Actual $ 11,996,193 $ 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 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. Pavement condition assessments are determined annually for all arterial roads and approximately one-half of the local roads are inspected annually. Condition Rating of Maricopa County Bridge System Percentage of Bridges with a Sufficiency Rating >= 70 Bridge System FY 2007 98% FY 2006 98% FY 2005 99% FY 2004 99% FY 2003 99% Percentage of Bridges with a Sufficiency Rating < 50 Bridge System FY 2007 0% FY 2006 0% FY 2005 0% FY 2004 0% FY 2003 0% Comparison of Estimated to Actual Maintenance/Preservation Estimated Actual FY 2007 $ 230,000 $ 15,965 $ $ FY 2006 241,724 86,822 $ $ FY 2005 251,571 999,505 $ $ FY 2004 230,000 21,076 $ $ FY 2003 216,000 380,813 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). . 82 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). 85 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 property pursuant to A.R.S. §13-2314.03. Operated by the County Attorney, RICO consists of all the activity of the Anti-Racketeering Program. County School Indirect Cost — (Fund 795) Established to collect Title VI-B monies received from the Arizona Department of Education. 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. 86 Maricopa County Listing of Nonmajor Governmental Funds (Continued) Events Center — (Fund 375) Accounts for Maricopa County Events Center revenues and expenditures associated with staging entertainment events. 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. Flood Control Grants — (Fund 989) Flood Control Grants was set up to account for all grant activity administered by the Flood Control District. 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. 87 Maricopa County Listing of Nonmajor Governmental Funds (Continued) 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. 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. 88 Maricopa County Listing of Nonmajor Governmental Funds (Continued) 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. 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. School Transportation — (Fund 780) Established by A.R.S. §15-1001 to account for transportation aid for the transportation of children from unorganized territory to school districts within the County. 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 and intergovernmental funds that support and enhance Sheriff Office activities. 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. 89 Maricopa County Listing of Nonmajor Governmental Funds (Continued) 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. 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. 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) Established 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. 90 91 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds June 30, 2007 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 $ $ $ $ 150 $ $ Cash and investments held by County Treasurer 1,068,046 5,896,386 Receivables 139,139 35,352 11,057,715 1,062,286 53,807 6,949 Due from other funds Due from other governmental units 164,157 Inventories 1,885,735 18,390 Miscellaneous 1,012,620 Cash and investments held by trustee restricted Total assets $ 2,099,056 $ 5,931,738 $ $ 610,422 $ 359,450 $ 303,296 $ 11,111,672 $ 1,885,735 $ $ $ 443,213 $ 1,069,235 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable Employee compensation 356,426 82,180 108,743 192,917 251,485 50,636 9,541 74,969 Accrued liabilities Due to other funds 1,391,888 Due to other governmental units Interest payable Special assessment debt with governmental commitment Deferred revenue 279,789 168,727 761,802 Deposits held for other parties Total liabilities 890,211 715,876 359,650 444,402 2,647,539 84,510 Fund balances: Reserved for inventories 18,390 Reserved for debt service 1,190,455 5,215,862 (56,354) 10,667,270 (761,804) 984,725 Total fund balances 1,208,845 5,215,862 (56,354) 10,667,270 (761,804) 984,725 Total liabilities and fund balances $ 2,099,056 303,296 $ 11,111,672 Unreserved $ 5,931,738 92 $ $ 1,885,735 $ 1,069,235 SPECIAL REVENUE FUNDS Animal Animal Control Grants Control License/Shelter $ $ 2,680 Ballpark Operations $ Cactus CDBG Check Child League Operations Housing Trust Enforcement Program Support Enhancement $ $ 553,909 2,411,162 2,151,938 2,895,172 3,652 15,562 14,571 19,016 100 $ 450 $ 267,163 316,683 580,284 27,339 254,275 $ 557,561 $ $ 33,300 $ 4,543 2,456,743 $ 2,420,784 $ 64,181 $ 75,601 $ 150,923 11,654 20 7,431 2,914,188 $ 580,384 $ $ 469,922 $ 16,116 267,613 $ 3,067 $ 316,683 16,212 288,360 37,843 215,124 94,686 774,398 19,279 27,339 $ 519,718 2,214,280 2,326,098 2,914,188 (194,014) 248,334 316,683 519,718 2,241,619 2,326,098 2,914,188 (194,014) 248,334 316,683 557,561 $ 2,456,743 $ 2,420,784 $ 2,914,188 $ 580,384 $ 267,613 $ 316,683 (continued on next page) 93 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2007 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 245,269 712,670 Receivables 1,044,715 826,448 5,274 4,672 Due from other funds Due from other governmental units 165,646 Inventories Miscellaneous Cash and investments held by trustee restricted Total assets $ 245,269 $ 712,670 $ 1,049,989 $ $ 36,059 $ 165,646 $ 831,120 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ Employee compensation $ 3,654 52,506 68,876 $ 7,144 60,738 Accrued liabilities Due to other funds 158,502 Due to other governmental units Interest payable Special assessment debt with governmental commitment Deferred revenue Deposits held for other parties Total liabilities 3,654 52,506 104,935 165,646 60,738 241,615 660,164 945,054 770,382 241,615 660,164 945,054 770,382 Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 245,269 $ 712,670 94 $ 1,049,989 $ 165,646 $ 831,120 SPECIAL REVENUE FUNDS Correctional County County County County Court Criminal Health Grants Attorney Fill the Gap Attorney Grants Attorney RICO School Indirect Cost Document Retrieval Justice Enhancement $ $ $ 1,138,524 $ 577,350 $ 3,414,775 $ 1,244,317 $ 89,370 1,834,281 6,921 12,489 8,290 336,015 92,210 $ 8,290 $ $ 1,145,445 $ 2,051 $ $ 45,967 1,005,575 $ 27,017 $ 3,414,775 $ 1,244,317 $ $ 89,370 $ 159,813 $ 1,846,770 $ 33,493 40,287 33,493 40,287 6,239 827,845 693,940 8,290 $ 8,290 $ 45,967 1,014,675 693,940 1,099,478 (9,100) 2,720,835 1,244,317 55,877 1,806,483 1,099,478 (9,100) 2,720,835 1,244,317 55,877 1,806,483 1,145,445 $ 1,005,575 $ 3,414,775 $ 1,244,317 $ 89,370 $ 1,846,770 (continued on next page) 95 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2007 SPECIAL REVENUE FUNDS Domestic Del Webb Relations Special Revenue Mediation Education Diversion Elections Grants Emergency Management ASSETS Cash in bank and on hand $ $ $ $ $ Cash and investments held by County Treasurer Receivables 576,203 850,942 3,753 5,001 248,454 79,407 19,750 Due from other funds Due from other governmental units 173,901 Inventories Miscellaneous Cash and investments held by trustee restricted Total assets $ 579,956 $ 855,943 $ $ 9,251 $ 248,454 $ 79,407 $ 193,651 $ 18,707 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ Employee compensation 3,977 3,973 $ 6,242 22,327 Accrued liabilities Due to other funds Due to other governmental units Interest payable Special assessment debt with governmental commitment Deferred revenue 79,407 218,802 79,407 259,836 Deposits held for other parties Total liabilities 3,977 13,224 6,242 575,979 842,719 242,212 (66,185) 575,979 842,719 242,212 (66,185) Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 579,956 $ 855,943 96 $ 248,454 $ 79,407 $ 193,651 SPECIAL REVENUE FUNDS Environmental $ Services Environmental Environmental Health Services Grants 900 $ Expedited Events Center $ 5,308,300 Child Support $ 2,981,870 Flood Control $ 363,333 50 $ Human Inmate Services Grants Health Services 1,866 $ 7,347,741 48,542 446,094 2,218,282 36,063 6,608,662 6,598,390 380,793 7,262 2,115 $ $ 5,357,742 $ 36,063 $ 60,618 $ 15,120 $ 2,981,870 $ 363,333 $ 467,503 $ 16,557,643 $ 6,600,256 $ $ 2,824,260 $ 2,062,819 $ 10,265 453,073 2,927,773 494,500 40,388 20,943 528,121 453,356 2,677,394 36,063 2,927,773 10,265 1,651,788 4,626,371 4,969,509 9,861,084 380,793 $ 4,829,621 54,097 353,068 11,207,341 (3,260,828) 453,356 4,829,621 54,097 353,068 11,588,134 (3,260,828) 453,356 5,357,742 $ 36,063 $ 2,981,870 $ 363,333 $ 16,557,643 $ 6,600,256 $ 453,356 (continued on next page) 97 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2007 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 21,779,732 1,357,315 2,628,924 4,086,641 745,931 143,220 8,358 17,301 26,450 4,780 Due from other funds Due from other governmental units Inventories Miscellaneous 606,512 Cash and investments held by trustee restricted Total assets $ 22,529,464 $ 1,365,673 $ 2,646,225 $ 4,113,091 $ $ 255,229 $ 101,654 $ 7,077 $ 29,541 $ 750,711 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable Employee compensation 86,568 Accrued liabilities 25,909 5,254 75,042 7,712 341,991 127,563 12,331 104,583 7,712 22,187,473 1,238,110 2,633,894 4,008,508 742,999 22,187,473 1,238,110 2,633,894 4,008,508 742,999 194 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 $ 22,529,464 $ 1,365,673 98 $ 2,646,225 $ 4,113,091 $ 750,711 SPECIAL REVENUE FUNDS Juvenile Lake Juvenile Probation Pleasant Law Legal Probation Grants Special Fees Recreation Services Library Fees Defender Fill the Gap $ $ Juvenile Restitution $ 880,119 2,188,845 5,630 13,119 $ 89,087 280 $ 2,342,783 $ 567,391 Library District $ 15,550 5,275 14,486,449 15,522 636,417 829,383 $ $ 1,715,132 $ 55,351 $ 193,297 2,201,964 $ 89,087 $ 2,358,585 $ 567,391 $ 9,603 $ 4,097 $ 150,696 $ 14,478 $ 24,674 15,550 $ 15,128,141 $ 1,867,154 26,123 338,837 18 971,258 $ 509,816 1,219,924 34,277 4,097 176,819 14,478 495,208 2,167,687 84,990 2,181,766 552,913 15,550 12,412,334 495,208 2,167,687 84,990 2,181,766 552,913 15,550 12,412,334 1,715,132 $ 2,201,964 $ 89,087 $ 2,358,585 $ 567,391 2,715,807 $ 15,550 $ 15,128,141 (continued on next page) 99 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2007 SPECIAL REVENUE FUNDS Parks Library Medical District Grants Examiner Grants and Palo Verde Recreation Grants Parks Donations ASSETS Cash in bank and on hand $ $ $ $ $ Cash and investments held by County Treasurer 251,292 18,999 1,531,264 Receivables 10,077 Due from other funds Due from other governmental units 18,406 86,619 31,745 Inventories Miscellaneous Cash and investments held by trustee restricted Total assets $ 18,406 $ 86,619 $ 251,292 $ 407 $ 50,744 $ 1,541,341 $ 56 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ $ $ Employee compensation 6,582 Accrued liabilities Due to other funds 9,487 86,619 8,919 86,619 18,406 173,238 6,989 78,592 56 (86,619) 244,303 (27,848) 1,541,285 (86,619) 244,303 (27,848) 1,541,285 Due to other governmental units Interest payable Special assessment debt with governmental commitment Deferred revenue 78,592 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 $ 18,406 $ 86,619 100 $ 251,292 $ 50,744 $ 1,541,341 SPECIAL REVENUE FUNDS Parks Parks Enhancement $ 200 Parks Souvenir $ 2,850,138 $ 26,825 Planning Spur Cross and Ranch Conservation Development Fees 80 $ 521,972 $ $ 17,337,971 18,412 $ 500 Probate Fees $ 26,825 $ 5,216 $ 1,747 $ 86,609 522,052 $ 19 $ 3,682 Public Defender Grants $ 308,296 $ 577,658 112,821 2,868,750 Public Defender Fill the Gap 13,183 3,796 17,451,292 $ 291,310 $ 393,104 308,296 $ $ 581,454 $ 31,785 $ 13,183 10,181 34,766 13,183 13,183 1,173,538 $ 91,825 1,747 3,701 1,857,952 10,181 66,551 2,776,925 25,078 518,351 15,593,340 298,115 514,903 2,776,925 25,078 518,351 15,593,340 298,115 514,903 2,868,750 $ 26,825 $ 522,052 $ 17,451,292 $ 308,296 $ 581,454 $ 13,183 (continued on next page) 101 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2007 SPECIAL REVENUE FUNDS Public Public Defender Training Public Health School Health Fees Recorder’s Surcharge Communication Expense ASSETS Cash in bank and on hand $ $ 500 $ 1,700 $ $ Cash and investments held by County Treasurer 184,409 Receivables 5,044,586 7,229,461 31,942 44,911 33,289 Due from other funds Due from other governmental units 6,781,525 Inventories 2,233,984 66,412 Miscellaneous Cash and investments held by trustee restricted Total assets $ 184,409 $ 9,016,009 $ 5,144,640 $ 7,274,372 $ 33,289 $ 25,906 $ 1,527,992 $ 94,200 $ 411,136 $ 1,057 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable Employee compensation 526,800 83,438 73,920 10,392,578 177,638 485,056 1,057 2,233,984 66,412 Accrued liabilities Due to other funds 1,671,813 Due to other governmental units 137,602 Interest payable Special assessment debt with governmental commitment Deferred revenue 6,528,371 Deposits held for other parties 25,906 Total liabilities Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 158,503 (3,610,553) 4,900,590 6,789,316 32,232 158,503 (1,376,569) 4,967,002 6,789,316 32,232 184,409 $ 9,016,009 102 $ 5,144,640 $ 7,274,372 $ 33,289 SPECIAL REVENUE FUNDS Spousal Sheriff School Grants $ School Transportation 200 $ 697,561 Sheriff Donations $ 183,889 Sheriff Grants Jail Enhancement $ 55,461 $ 871,150 Sheriff RICO $ Maintenance Street Enforcement Enhancement Lighting District $ 10 $ 111,237 2,742,344 4,504 40,231 640,706 1,521,621 $ 1,342,971 $ 183,889 $ 55,461 $ 90,389 $ 26,432 $ 776 7,056 $ 1,521,631 $ 871,150 $ 40,231 $ $ $ 8,417 $ 17,162 $ 133,225 53,785 111,237 $ 2,742,344 $ 319,785 3,037 39 1,292,287 423,309 $ 986 102 298,321 40,231 520,754 26,432 776 1,777,657 9,403 57,495 3,037 319,785 822,217 157,457 54,685 (256,026) 861,747 (17,264) 108,200 2,422,559 822,217 157,457 54,685 (256,026) 861,747 (17,264) 108,200 2,422,559 55,461 $ 1,521,631 1,342,971 $ 183,889 $ $ 871,150 $ 40,231 $ 111,237 $ 2,742,344 (continued on next page) 103 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2007 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 476,003 379,894 8,073,142 Receivables 241,233 352,551 Due from other funds Due from other governmental units 434,294 19,783,222 Inventories 21,699 1,250,264 Miscellaneous Cash and investments held by trustee restricted Total assets $ 476,003 $ 379,894 $ 434,294 $ 29,459,729 $ 262,932 $ 72,886 $ 6,777,995 $ 159,482 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ Employee compensation $ 62,214 3,615 1,039,265 Accrued liabilities 36,943 6,781,864 Due to other funds 374,648 Due to other governmental units Interest payable Special assessment debt with governmental commitment Deferred revenue 195,185 66,507 Deposits held for other parties 646,334 62,214 Total liabilities 14,599,124 262,932 Fund balances: Reserved for inventories 1,250,264 Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 413,789 379,894 (212,040) 13,610,341 413,789 379,894 (212,040) 14,860,605 476,003 $ 379,894 104 $ 434,294 $ 29,459,729 $ 262,932 SPECIAL REVENUE FUNDS Trial Court Victim Victim Special Revenue Compensation Interest Compensation Restitution $ $ $ Victim Location $ 2,830,886 534,352 554,188 17,076 3,336 3,642 Waste Management $ 115,438 Waste Tire $ 496,359 Total 250 $ 886,881 7,382,168 169,141,687 36,454 3,964,162 40,231 46,706,363 3,977,182 1,972,879 2,115 $ $ 2,847,962 $ 55,888 $ 537,688 $ 557,830 $ $ 115,438 $ $ 496,359 $ $ 7,418,872 $ 439,359 130,140 9,006 8,081 $ 226,691,500 $ 20,385,152 6,338,838 9,765,808 7,979,268 31,000 168,602 18,995,197 693,940 225,109 448,365 64,326,805 3,977,182 $ 2,622,853 537,688 557,830 115,438 496,359 6,970,507 158,387,513 2,622,853 537,688 557,830 115,438 496,359 6,970,507 162,364,695 7,418,872 $ 226,691,500 2,847,962 $ 537,688 $ 557,830 $ 115,438 $ 496,359 $ (continued on next page) 105 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2007 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 136,225 602,170 738,395 4,419,336 101,860 122,648 224,508 50,891 1,079,853 1,079,853 12,814,590 Due from other funds 38,670,475 Due from other governmental units Inventories Miscellaneous 341,640 Cash and investments held by 8,897,824 trustee restricted Total assets $ 238,085 $ 10,702,495 8,897,824 $ 10,940,580 75,348,222 $ 79,818,449 $ 51,826,705 $ 2,324,706 $ 122,865 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ $ $ Employee compensation Accrued liabilities Due to other funds Due to other governmental units Interest payable 4,043 4,043 Special assessment debt with governmental commitment Deferred revenue 8,587 8,587 101,749 101,749 114,379 114,379 Deposits held for other parties Total liabilities 2,324,706 122,865 77,493,743 51,703,840 77,493,743 51,703,840 Fund balances: Reserved for inventories Reserved for debt service 123,706 10,702,495 10,826,201 123,706 10,702,495 10,826,201 Unreserved Total fund balances Total liabilities and fund balances $ 238,085 $ 10,702,495 106 $ 10,940,580 $ 79,818,449 $ 51,826,705 CAPITAL PROJECTS FUNDS Flood Inter- Long Control governmental Term Special Transportation Capital Projects Capital Projects Project Reserve Improvement Districts Capital Projects $ $ 27,588,617 $ Total $ 10,822,437 145,722 71,059 76,802 $ 422,387 Nonmajor $ 45,423,638 1,938 Governmental Funds Total $ 101,636,727 886,881 271,516,809 198,752 4,387,422 38,670,475 38,710,706 251,938 48,038,154 341,640 2,314,519 85,011,694 93,911,633 $ 226,111,226 $ 463,743,306 250,000 3,977,182 9,663,472 $ 27,588,617 $ 10,893,496 $ 9,887,934 $ $ 6,745,408 $ 2,634,453 $ 73,028 $ 422,387 $ 45,673,638 $ 8,433,560 68,503 447 $ 20,334,020 40,719,172 68,503 6,407,341 447 9,766,255 7,979,268 168,602 4,043 8,587 6,813,911 2,634,453 73,028 447 255,882 255,882 19,096,946 949,822 8,689,442 20,658,852 85,100,036 3,977,182 $ 20,774,706 8,259,043 9,814,906 421,940 36,984,196 205,452,374 10,826,201 363,839,887 20,774,706 8,259,043 9,814,906 421,940 36,984,196 205,452,374 378,643,270 45,673,638 $ 226,111,226 $ 463,743,306 27,588,617 $ 10,893,496 $ 9,887,934 $ 422,387 107 $ Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds For the Fiscal Year Ended June 30, 2007 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 $ $ 8,703,875 Intergovernmental 11,387,424 16,294 3,843,068 Charges for services 10,500,526 Fines and forfeits 3,471,546 3,046,880 340,504 1,571,826 4,280,500 6,399 Special assessment Miscellaneous Total revenues 1,377,302 288,829 10,150 447,420 12,764,726 12,361,181 4,193,722 13,431,795 3,471,546 3,104,628 35,055 11,562,563 4,086,160 10,426,789 3,851,436 2,775,526 EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education 11,231,536 Debt service: Principal Interest Other expenditures Capital outlay Total expenditures 53,671 1,674,017 161,131 43,124 218,890 11,285,207 13,236,580 4,086,160 10,587,920 3,894,560 2,994,416 1,479,519 (875,399) 107,562 2,843,875 (423,014) 110,212 43,580 334,242 (311,313) (58,353) Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Proceeds from bond issuance Premium on bond issuance Loan proceeds Total other financing sources (uses) Net change in fund balances (267,733) 275,889 1,479,519 (875,399) 107,562 2,576,142 (147,125) 110,212 (255,654) 6,091,261 (163,916) 8,091,128 (614,679) 874,513 (56,354) $ 10,667,270 (761,804) $ 984,725 Fund balances (deficit) at beginning of year, as restated Increase (decrease) in reserve for (15,020) inventories Fund balances (deficit) at end of year $ 1,208,845 $ 5,215,862 108 $ $ SPECIAL REVENUE FUNDS Animal Control License/ Shelter Animal Control Grants $ Cactus League Operations Ballpark Operations $ $ 2,524 4,585,834 41,307 1,860,338 $ CDBG Housing Trust $ 32,513 Check Enforcement Program $ Child Support Enhancement $ 9,346,381 96,821 519,315 590,057 61,939 4,433,898 131,719 633,888 6,540,624 4,433,898 131,719 9,346,381 9,698 12,013 529,013 108,834 569,205 434,901 5,775,242 9,351,116 980,792 34,353 1,320,530 2,667,512 173,762 209,675 57 19,906 644,576 5,775,299 3,841,972 1,320,530 9,351,116 569,205 34,353 (10,688) 765,325 591,926 (1,188,811) (4,735) (40,192) 74,481 1,409,117 (1,053,014) (1,053,014) 1,409,117 (10,688) 765,325 (461,088) 220,306 (4,735) (40,192) 74,481 530,406 1,478,371 2,787,186 2,693,882 (189,279) 288,526 242,202 (2,077) $ 519,718 $ 2,241,619 $ 2,326,098 $ 2,914,188 $ (194,014) $ 248,334 $ 316,683 (continued on next page) 109 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2007 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 844,526 Charges for services 124,304 1,461,622 1,128,000 2,792,732 1,781,183 Fines and forfeits Special assessment Miscellaneous Total revenues 9,392 16,229 35,312 133,696 1,988,755 2,828,044 1,461,622 1,805,714 24,531 108,788 1,728,701 2,834,035 1,368,535 1,626,985 108,788 1,728,701 2,845,457 1,368,535 1,626,985 24,908 260,054 (17,413) 93,087 178,729 24,908 260,054 (17,413) 93,087 178,729 216,707 400,110 962,467 (93,087) 591,653 EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other expenditures 11,422 Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Proceeds from bond issuance Premium on bond issuance Loan proceeds 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 $ 241,615 $ 660,164 110 $ 945,054 $ $ 770,382 SPECIAL REVENUE FUNDS Correctional Health Grants $ County Attorney Fill the Gap $ County Attorney Grants $ County Attorney RICO County School Indirect Cost $ $ Court Document Retrieval $ Criminal Justice Enhancement $ Del Webb Special Revenue $ 14,875 193,740 560,172 6,142,997 1,948,083 868,387 722,561 1,084,032 2,238,195 62,491 9,701 1,491,050 6,152,698 2,238,195 1,250,605 5,970,114 1,031,879 193,607 1,250,605 5,970,114 1,060,314 133 240,445 182,584 1,177,881 133 240,445 182,584 (133) 859,033 (191,684) 193,740 37,731 2,201 73,465 28,941 760,292 1,086,233 2,021,548 43,816 1,202,015 1,333,618 127,953 1,202,015 1,436,052 127,953 760,292 (115,782) 585,496 (84,137) 1,177,881 760,292 (115,782) 585,496 (84,137) 1,542,954 484,025 171,659 1,220,987 660,116 111,652 28,435 81,955 $ $ 1,099,478 $ (9,100) $ 2,720,835 102,434 $ 1,244,317 $ 55,877 $ 1,806,483 $ 575,979 (continued on next page) 111 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2007 SPECIAL REVENUE FUNDS Domestic Relations Mediation Education Diversion Elections Grants Environmental Services Environmental Health Emergency Management REVENUES Taxes $ $ $ $ $ Licenses and permits 10,769,325 Intergovernmental 7,195,871 Charges for services 1,101,061 209,930 Fines and forfeits 1,726,308 884,127 91,988 Special assessment Miscellaneous Total revenues 43,544 9,308 927,671 219,238 7,195,871 4,247 1,968,546 1,105,308 14,556,167 EXPENDITURES Current: General government 7,264,100 Public safety 963,895 1,032,066 Highways and streets Health, welfare and sanitation 179,680 13,052,931 Culture and recreation Education Debt service: Principal Interest Other expenditures 551,367 Capital outlay Total expenditures 963,895 179,680 7,264,100 1,032,066 13,604,298 (36,224) 39,558 (68,229) 73,242 951,869 (36,224) 39,558 (68,229) 73,242 951,869 878,943 202,654 68,229 (139,427) 3,877,752 Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Proceeds from bond issuance Premium on bond issuance Loan proceeds 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 $ 842,719 $ 242,212 112 $ $ (66,185) $ 4,829,621 SPECIAL REVENUE FUNDS Environmental Services Grants $ Expedited Child Support Events Center $ $ Flood Control Grants Flood Control $ 64,957,692 $ General Government Grants $ Human Services Grants $ Inmate Health Services $ 2,341,904 36,063 13,212,070 76,602 763,833 42,466,660 437,452 36,063 99,515 80,327 11,471 7,063,326 80,327 448,923 87,574,992 76,602 30,368,375 76,602 3,223 60,487 15,785 767,056 42,527,147 115,300 761,333 36,063 421,598 39,900,197 26,098 1,443,981 36,063 26,098 421,598 31,812,356 54,229 27,325 1,115,765 76,602 761,333 41,015,962 55,762,636 5,723 1,511,185 115,300 (62,959) (55,128,752) (383,891) (8,157) (55,128,752) (383,891) 54,802 (8,157) 54,229 27,325 633,884 (378,168) 1,511,185 115,300 8,157 (132) 325,743 10,820,543 378,168 (4,772,013) 338,056 133,707 $ $ 54,097 $ 353,068 $ 11,588,134 $ $ $ (3,260,828) $ 453,356 (continued on next page) 113 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2007 SPECIAL REVENUE FUNDS Inmate Services Justice Court Judicial Enhancement Judicial Enhancement Justice Court Special Revenue Juvenile Probation Diversion REVENUES Taxes $ $ $ $ $ Licenses and permits Intergovernmental Charges for services 1,139,568 3,387,657 Fines and forfeits 306,116 648,336 Special assessment Miscellaneous Total revenues 14,106,301 71,716 120,126 184,889 32,115 14,106,301 1,211,284 768,462 3,572,546 338,231 10,048,421 1,601,435 453,738 3,312,611 246,597 10,067,888 1,601,435 453,738 3,312,611 246,597 4,038,413 (390,151) 314,724 259,935 91,634 4,038,413 (390,151) 314,724 259,935 91,634 18,149,060 1,628,261 2,319,170 3,748,573 651,365 EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other expenditures 19,467 Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Proceeds from bond issuance Premium on bond issuance Loan proceeds 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 $ 22,187,473 $ 1,238,110 114 $ 2,633,894 $ 4,008,508 $ 742,999 SPECIAL REVENUE FUNDS Juvenile Probation Special Fees Juvenile Probation Grants $ $ Lake Pleasant Recreation Services Juvenile Restitution $ $ 7,821,658 Law Library Fees $ Legal Defender Fill the Gap $ 66,732 Library District $ 59,000 713,022 819,222 1,577,428 884,555 3,791 1,298,137 518 2,632 579,645 11,123 61,041 31,137 212,314 72,263 1,463 5,081,874 7,832,781 2,178,400 31,137 1,856,992 959,450 60,463 24,437,372 6,844,935 870,123 27,009 892,664 57,007 1,495,588 125,640 $ 18,059,040 19,541,390 265,000 446,531 6,844,935 995,763 27,009 1,760,588 892,664 57,007 19,987,921 987,846 1,182,637 4,128 96,404 66,786 3,456 4,449,451 987,846 1,182,637 4,128 96,404 66,786 3,456 4,449,451 (492,638) 985,050 80,862 2,085,362 486,127 12,094 7,962,883 495,208 $ 2,167,687 $ 84,990 $ 2,181,766 $ 552,913 $ 15,550 $ 12,412,334 (continued on next page) 115 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2007 SPECIAL REVENUE FUNDS Library District Grants Medical Examiner Grants Parks and Recreation Grants Palo Verde Parks Donations REVENUES Taxes $ $ $ $ $ Licenses and permits Intergovernmental 134,754 10,920 309,161 332,329 9,731 1,989 164,196 134,754 10,920 318,892 334,318 164,196 10,920 308,883 51,649 35,295 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 134,754 Education Debt service: Principal Interest Other expenditures 86,619 Capital outlay 134,754 Total expenditures 67,840 2,009 97,539 308,883 119,489 37,304 (86,619) 10,009 214,829 126,892 Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out (160,154) Proceeds from bond issuance Premium on bond issuance Loan proceeds (160,154) Total other financing sources (uses) Net change in fund balances (86,619) 10,009 54,675 234,294 (82,523) 126,892 Fund balances (deficit) at beginning of year, as restated 1,414,393 Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ $ (86,619) 116 $ 244,303 $ (27,848) $ 1,541,285 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 $ 8,096,052 52,000 450,000 1,774,765 36,442 472,892 5,737,146 402,325 353,532 1,109,237 29,651 999,173 128,886 20,360 999,154 10,634 15,030 2,825,938 128,886 506,802 14,862,003 412,959 1,597,159 353,532 16,179,935 369,996 1,515,333 353,532 353,532 2,482,135 68,995 391,599 18,593 472,826 2,518,061 68,995 410,192 16,652,761 369,996 1,515,333 307,877 59,891 96,610 (1,790,758) 42,963 81,826 35,926 69,890 $ 25,442 (85,933) (59,736) (16,043) (59,736) 291,834 155 96,610 (1,790,758) 42,963 81,826 25,442 2,485,091 24,923 421,741 17,384,098 255,152 433,077 (25,442) 2,776,925 $ 25,078 25,442 $ 518,351 $ 15,593,340 $ 298,115 $ 514,903 $ (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, 2007 SPECIAL REVENUE FUNDS Public Defender Training Public Health Fees Public Health Recorder’s Surcharge School Communication Expense REVENUES Taxes $ $ $ $ $ Licenses and permits Intergovernmental 606,791 43,816,561 Charges for services 12,356 242,022 3,557,647 6,143,948 Fines and forfeits Special assessment Miscellaneous Total revenues 11,667 17,548 126,145 476,255 87,553 618,458 44,076,131 3,683,792 6,620,203 99,909 EXPENDITURES Current: General government 9,951,905 Public safety 466,695 Highways and streets Health, welfare and sanitation 42,145,732 3,322,698 Culture and recreation Education 53,849 Debt service: Principal Interest Other expenditures 245,383 119,939 1,138,075 466,695 42,391,115 3,442,637 11,089,980 53,849 151,763 1,685,016 241,155 (4,469,777) 46,060 Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in 2,262,546 Transfers out (2,224,997) Proceeds from bond issuance Premium on bond issuance Loan proceeds (2,224,997) 2,262,546 151,763 (539,981) 2,503,701 (4,469,777) 46,060 6,740 (1,498,060) 2,433,402 11,259,093 (13,828) 661,472 29,899 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 $ 158,503 $ (1,376,569) 118 $ 4,967,002 $ 6,789,316 $ 32,232 SPECIAL REVENUE FUNDS School Grants $ School Transportation $ Sheriff Donations $ Sheriff Jail Enhancement Sheriff Grants $ 1,681,919 $ 5,485,027 Spousal Maintenance Enforcement Enhancement Sheriff RICO $ $ 1,717,402 124,241 1,116,951 $ 410,215 1,020,522 19,181 2,092,134 1,020,522 19,181 5,485,027 1,717,473 71 1,116,951 130,193 5,952 4,114 3,952,048 1,422,129 947,214 109,836 1,074,429 882,403 1,636,485 35,012 152,571 1,074,429 882,403 4,114 5,588,533 1,457,141 1,099,785 109,836 1,017,705 138,119 15,067 (103,506) 260,332 17,166 20,357 1,017,705 138,119 15,067 (103,506) 260,332 17,166 20,357 (195,488) 19,338 39,618 (152,520) 601,415 (34,430) 87,843 822,217 $ 157,457 $ 54,685 $ (256,026) $ 861,747 $ (17,264) $ 108,200 (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, 2007 SPECIAL REVENUE FUNDS Street Lighting District Superior Court Fill the Gap Taxpayer Information Transportation Grants Transportation Operations REVENUES Taxes $ $ $ $ $ Licenses and permits 3,037,320 Intergovernmental 1,818,534 Charges for services 1,183,128 117,997,069 1,183,128 125,270,376 910,543 55,177,026 154,920 Fines and forfeits Special assessment Miscellaneous Total revenues 3,929,786 108,572 5,588 4,038,358 1,824,122 3,833,282 1,705,344 4,235,987 154,920 EXPENDITURES Current: General government 125,123 Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other expenditures 33,128 1,495,579 3,833,282 1,705,344 125,123 943,671 56,672,605 205,076 118,778 29,797 239,457 68,597,771 Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out (66,263,032) Proceeds from bond issuance Premium on bond issuance Loan proceeds (66,263,032) Total other financing sources (uses) Net change in fund balances 205,076 118,778 29,797 239,457 2,334,739 2,217,483 295,011 350,097 (451,497) 12,366,869 Fund balances (deficit) at beginning of year, as restated Increase (decrease) in reserve for 158,997 inventories Fund balances (deficit) at end of year $ 2,422,559 $ 413,789 120 $ 379,894 $ (212,040) $ 14,860,605 SPECIAL REVENUE FUNDS Trial Court Special Revenue Trial Court Grants $ $ Victim Compensation Interest Victim Compensation Restitution $ $ Victim Location $ Waste Management $ Waste Tire $ Total $ 83,016,732 37,568,003 1,382,182 945,235 6,186,399 4,512,009 76,273 114,901 300,739,715 55,918,113 14,577 114,627 13,397,424 155,719 125,242 19,058 42,219 21,700 321,766 3,929,786 46,504,813 1,382,182 5,612,963 139,819 133,685 42,219 97,973 6,623,066 541,074,586 1,382,182 5,310,669 116,024 18,102,461 68,917 129,653,687 56,087,569 5,019,725 136,839,639 26,528,825 13,242,217 2,667,512 173,762 422,769 1,382,182 5,733,438 116,024 (120,475) 23,795 133,685 42,219 1,479,904 14,015,126 68,917 6,499,629 397,310,798 29,056 123,437 143,763,788 4,199,619 (125,792,134) (121,592,515) (120,475) 2,743,328 23,795 133,685 42,219 29,056 123,437 22,171,273 513,893 424,145 73,219 467,303 6,847,070 139,226,444 966,978 $ $ 2,622,853 $ 537,688 $ 557,830 $ 115,438 $ 496,359 $ 6,970,507 $ 162,364,695 (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, 2007 DEBT SERVICE FUNDS Stadium District Debt Service Special Assessment CAPITAL PROJECTS FUNDS Detention Capital Projects County Improvement Total REVENUES Taxes $ $ 6,286,155 $ 6,286,155 $ $ Licenses and permits Intergovernmental Charges for services 27,874 27,874 Fines and forfeits Special assessment 552,281 552,281 149,106 27,874 6,838,436 6,866,310 149,106 Principal 51,819 2,820,000 2,871,819 Interest 10,019 2,603,344 2,613,363 1,030 1,030 1,209,493 32,763,238 9,239,169 61,838 5,424,374 5,486,212 33,972,731 9,239,169 (33,964) 1,414,062 1,380,098 (33,823,625) (9,239,169) (1,409,117) (1,409,117) 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 38,670,475 Transfers out Proceeds from bond issuance 108,100,000 Premium on bond issuance 622,246 Loan proceeds (1,409,117) (1,409,117) 108,722,246 38,670,475 (33,964) 4,945 (29,019) 74,898,621 29,431,306 157,670 10,697,550 10,855,220 2,595,122 22,272,534 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 $ 123,706 $ 10,702,495 122 $ 10,826,201 $ 77,493,743 $ 51,703,840 CAPITAL PROJECTS FUNDS Flood Control Capital Projects $ Intergovernmental Capital Projects $ Long Term Project Reserve $ 1,938 Special Improvement Districts $ Transportation Capital Projects $ Total $ 1,938 Total Nonmajor Governmental Funds $ 89,304,825 37,568,003 39,089,704 39,089,704 339,829,419 55,945,987 13,397,424 6,807,689 934,654 42,921 166,347 8,100,717 3,929,786 55,157,811 6,807,689 936,592 42,921 39,256,051 47,192,359 595,133,255 18,102,461 129,653,687 56,087,569 136,839,639 26,528,825 13,242,217 5,539,331 2,787,125 53,647,863 6,532,251 3,206,859 (86,244) 100,675,401 1,209,493 205,978,537 1,210,523 219,993,663 53,647,863 6,532,251 3,206,859 (86,244) 100,675,401 212,325,782 609,985,040 (2,270,267) 129,165 (61,419,350) (159,995,671) (14,851,785) 66,263,032 161,351,206 165,550,825 (1,385,321) (128,586,572) 108,100,000 108,100,000 622,246 1,217,018 622,246 1,217,018 66,263,032 269,905,149 146,903,517 (53,647,863) 275,438 55,128,752 235,933 1,053,014 (1,385,321) 1,217,018 55,128,752 (1,149,388) 2,270,032 1,480,889 (873,950) (235) 129,165 4,843,682 109,909,478 132,051,732 19,293,817 9,132,993 9,815,141 292,775 32,140,514 95,542,896 245,624,560 966,978 $ 20,774,706 $ 8,259,043 $ 9,814,906 $ 421,940 123 $ 36,984,196 $ 205,452,374 $ 378,643,270 124 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 9,695,000 Fines and forfeits $ 9,695,000 $ 10,500,526 $ 805,526 800,574 100,000 1,405,081 100,000 1,571,826 288,829 166,745 188,829 10,595,574 11,200,081 12,361,181 1,161,100 11,576,437 410,000 12,180,944 1,960,000 11,562,563 1,674,017 618,381 285,983 Total expenditures 11,986,437 14,140,944 13,236,580 904,364 Deficiency of revenues under expenditures (1,390,863) (2,940,863) (875,399) 2,065,464 (1,390,863) 5,438,900 4,048,037 $ (2,940,863) 5,438,900 2,498,037 $ Miscellaneous Total revenues EXPENDITURES Current: Public safety Capital outlay Net change in fund balances Fund balance – beginning Fund balance – ending $ 125 (875,399) 6,091,261 5,215,862 $ 2,065,464 652,361 2,717,825 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services Miscellaneous Total revenues 4,001,433 $ 3,966,344 $ 3,843,068 $ (123,276) 135,000 10,000 410,500 10,000 340,504 10,150 (69,996) 150 4,146,433 4,386,844 4,193,722 (193,122) 4,146,433 4,386,844 4,086,160 300,684 4,146,433 4,386,844 4,086,160 300,684 107,562 107,562 107,562 (163,916) (56,354) 107,562 310,808 418,370 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund deficit – beginning Fund deficit – ending $ (474,724) (474,724) 126 $ (474,724) (474,724) $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ Fines and forfeits Miscellaneous Total revenues 10,454,455 $ 10,454,455 $ 8,703,875 $ (1,750,580) 1,328,026 15,000 1,328,026 15,000 4,280,500 447,420 2,952,474 432,420 11,797,481 11,797,481 13,431,795 1,634,314 8,754,746 675,645 10,202,079 691,589 10,426,789 161,131 (224,710) 530,458 9,430,391 10,893,668 10,587,920 305,748 2,367,090 903,813 2,843,875 1,940,062 (234,784) (375,784) 43,580 (311,313) 43,580 64,471 (234,784) (375,784) (267,733) 108,051 2,132,306 5,102,082 7,234,388 528,029 5,102,082 5,630,111 2,576,142 8,091,128 10,667,270 2,048,113 2,989,046 5,037,159 EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING SOURCE (USES) Transfers in Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ 127 $ $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 4,149,013 $ Miscellaneous Total revenues 4,253,024 3 $ 3,471,546 $ (781,478) (3) 4,149,013 4,253,027 3,471,546 (781,481) 4,074,023 5,972 4,254,036 5,972 3,851,436 43,124 402,600 (37,152) 4,079,995 4,260,008 3,894,560 365,448 69,018 (6,981) (423,014) (416,033) (69,018) 141,000 (69,019) 334,242 (58,353) 193,242 10,666 (69,018) 71,981 275,889 203,908 (1,308,244) (1,308,244) 65,000 (1,308,244) (1,243,244) (147,125) (614,679) (761,804) (212,125) 693,565 481,440 EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers In Transfers out Total other financing sources (uses) Net change in fund balances Fund deficit – beginning Fund deficit – ending $ 128 $ $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ Intergovernmental $ 12 $ $ 16,282 2,987,497 3,046,880 59,383 7,077 7,077 6,399 35,055 (678) 35,055 2,994,586 2,994,586 3,104,628 110,042 2,455,168 277,501 2,455,168 277,501 2,775,526 218,890 (320,358) 58,611 2,732,669 2,732,669 2,994,416 (261,747) 261,917 261,917 110,212 (151,705) Fines and forfeits Miscellaneous Total revenues 16,294 2,987,509 EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses (261,917) (261,917) 261,917 (261,917) (261,917) 261,917 761,663 761,663 761,663 761,663 Net change in fund balances Fund balance – beginning Fund balance – ending $ 129 $ $ 110,212 874,513 984,725 $ 110,212 112,850 223,062 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ $ Charges for services Miscellaneous Total revenues 30 $ 2,524 $ 2,494 446,168 36 653,843 41,307 590,057 41,271 (63,786) 446,168 653,909 633,888 (20,021) 432,000 599,588 40,153 434,901 209,675 164,687 (169,522) 432,000 639,741 644,576 (4,835) 14,168 14,168 (10,688) (24,856) EXPEMDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses (14,168) (14,168) 14,168 (14,168) (14,168) 14,168 222,785 222,785 222,785 222,785 Net change in fund balances Fund balance – beginning Fund balance – ending $ 130 $ $ (10,688) 530,406 519,718 $ (10,688) 307,621 296,933 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ 5,457,826 Intergovernmental Charges for services $ $ 4,585,834 $ (872,046) 62,000 32,513 (29,487) 1,678,816 1,678,735 27 1,860,338 61,939 181,603 61,912 7,198,642 7,198,642 6,540,624 (658,018) 5,326,535 36,254 5,326,535 36,254 5,775,242 57 (448,707) 36,197 5,362,789 5,362,789 5,775,299 (412,510) 1,835,853 1,835,853 765,325 (1,070,528) Miscellaneous Total revenues 5,457,880 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 (1,683,050) (1,683,050) 1,683,050 (1,683,050) (1,683,050) 1,683,050 152,803 152,803 765,325 612,522 1,212,255 1,212,255 1,478,371 (2,077) 2,241,619 266,116 (2,077) 876,561 Decrease in reserve for inventories Fund balance – ending $ 1,365,058 131 $ 1,365,058 $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ Total revenues 4,616,121 $ 4,716,121 $ 4,433,898 $ (282,223) 4,616,121 4,716,121 4,433,898 (282,223) 2,032,273 4,595,332 980,792 3,614,540 2,667,512 (2,667,512) 173,762 19,906 (173,762) (19,906) EXPENDITURES Current: Culture and recreation Debt service: Principal Interest Capital outlay Total expenditures Excess of revenues over expenditures 2,032,273 4,595,332 3,841,972 753,360 2,583,848 120,789 591,926 471,137 OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ (1,560,393) (1,560,393) (1,053,014) 507,379 (1,560,393) (1,560,393) (1,053,014) 507,379 1,023,455 5,942,599 6,966,054 (1,439,604) 5,942,599 4,502,995 (461,088) 2,787,186 2,326,098 978,516 (3,155,413) (2,176,897) 132 $ $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ 25,000 $ 25,000 $ 131,719 $ 106,719 25,000 25,000 131,719 106,719 482,288 1,409,788 1,320,530 89,258 482,288 1,409,788 1,320,530 89,258 (457,288) (1,384,788) (1,188,811) 195,977 482,500 1,410,000 1,409,117 (883) 482,500 1,410,000 1,409,117 (883) 25,212 2,637,698 2,662,910 25,212 2,637,698 2,662,910 220,306 2,693,882 2,914,188 195,094 56,184 251,278 Total revenues EXPENDITURES Current: Culture and recreation Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending $ 133 $ $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 13,544,325 $ 13,544,325 $ 9,346,381 $ (4,197,944) 13,544,325 13,544,325 9,346,381 (4,197,944) 13,518,945 13,518,945 9,351,116 4,167,829 13,518,945 13,518,945 9,351,116 4,167,829 25,380 25,380 (4,735) (30,115) (25,380) (25,380) 25,380 (25,380) (25,380) 25,380 (5,072,139) (5,072,139) (5,072,139) (5,072,139) EXPENDITURES Current: Health, welfare and sanitation Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund deficit – beginning Fund deficit – ending $ 134 $ $ (4,735) (189,279) (194,014) $ (4,735) 4,882,860 4,878,125 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ Miscellaneous Total revenues 715,031 5,000 $ 715,031 5,000 $ 519,315 9,698 $ (195,716) 4,698 720,031 720,031 529,013 (191,018) 720,031 720,031 569,205 150,826 720,031 720,031 569,205 150,826 (40,192) (40,192) (40,192) 288,526 248,334 (40,192) 51,654 11,462 EXPENDITURES Current: Public safety Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 236,872 236,872 135 $ 236,872 236,872 $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 45,000 Charges for services $ 60,000 $ 15,000 Miscellaneous $ (60,000) 96,821 12,013 96,821 12,013 60,000 60,000 108,834 48,834 145,000 145,000 34,353 110,647 145,000 145,000 34,353 110,647 Excess (deficiency) of revenues over expenditures (85,000) (85,000) 74,481 159,481 Net change in fund balances (85,000) 164,078 79,078 (85,000) 164,078 79,078 74,481 242,202 316,683 159,481 78,124 237,605 Total revenues EXPENDITURES Current: Health, welfare and sanitation Total expenditures Fund balance – beginning Fund balance – ending $ 136 $ $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Miscellaneous Total revenues 106,000 4,000 $ 106,000 4,000 $ 124,304 9,392 $ 18,304 5,392 110,000 110,000 133,696 23,696 110,000 110,000 108,788 1,212 110,000 110,000 108,788 1,212 24,908 24,908 24,908 216,707 241,615 24,908 8,100 33,008 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 208,607 208,607 137 $ 208,607 208,607 $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 824,367 Charges for services $ 719,909 $ 844,526 $ 124,617 959,284 1,127,900 100 1,128,000 16,229 100 16,129 1,783,651 1,847,909 1,988,755 140,846 1,892,222 1,892,222 1,728,701 163,521 1,892,222 1,892,222 1,728,701 163,521 Excess (deficiency) of revenues over expenditures (108,571) (44,313) 260,054 304,367 Net change in fund balances (108,571) 108,571 (44,313) 108,571 64,258 260,054 400,110 660,164 304,367 291,539 595,906 Miscellaneous Total revenues EXPENDITURES Current: Public safety Total expenditures Fund balance – beginning Fund balance – ending $ $ 138 $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 2,900,000 $ Miscellaneous 2,880,000 20,000 $ 2,792,732 35,312 $ (87,268) 15,312 2,900,000 2,900,000 2,828,044 (71,956) 3,126,435 3,126,435 2,834,035 11,422 292,400 (11,422) 3,126,435 3,126,435 2,845,457 280,978 Deficiency of revenues under expenditures (226,435) (226,435) (17,413) 209,022 Net change in fund balances (226,435) 721,005 494,570 (226,435) 721,005 494,570 (17,413) 962,467 945,054 209,022 241,462 450,484 Total revenues EXPENDITURES Current: Public safety Capital outlay Total expenditures Fund balance – beginning Fund balance – ending $ 139 $ $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 1,592,568 $ 1,625,833 $ 1,461,622 $ (164,211) 1,592,568 1,625,833 1,461,622 (164,211) 1,592,568 1,625,833 1,368,535 257,298 1,592,568 1,625,833 1,368,535 257,298 93,087 93,087 93,087 (93,087) 93,087 51,190 144,277 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund deficit – beginning Fund deficit – ending $ (144,277) (144,277) 140 $ (144,277) (144,277) $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Miscellaneous Total revenues 1,626,000 4,000 $ 1,626,000 4,000 $ 1,781,183 24,531 $ 155,183 20,531 1,630,000 1,630,000 1,805,714 175,714 1,630,000 1,630,000 1,626,985 3,015 1,630,000 1,630,000 1,626,985 3,015 178,729 178,729 178,729 591,653 770,382 178,729 318,870 497,599 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 272,783 272,783 141 $ 272,783 272,783 $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Final Actual Amounts Positive (Negative) REVENUES Intergovernmental $ 699,460 Total revenues $ 740,744 $ 193,740 $ (547,004) 699,460 740,744 193,740 (547,004) 699,460 24,673 716,071 111,652 81,955 (86,979) 634,116 699,460 740,744 193,607 547,137 133 133 133 (133) 133 (6,134) (6,001) EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances 6,001 6,001 Fund balance (deficit) – beginning Fund balance – ending $ 142 $ 6,001 6,001 $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 480,842 Charges for services $ 775,782 500,000 $ 733,924 Fines and forfeits 560,172 $ 134,463 62,491 (32,700) 62,491 32,700 10,000 Miscellaneous Total revenues 60,172 868,387 1,266,624 1,266,624 1,491,050 224,426 1,266,624 1,266,624 1,250,605 16,019 1,266,624 1,266,624 1,250,605 16,019 240,445 240,445 240,445 859,033 1,099,478 240,445 17,353 257,798 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances 841,680 841,680 Fund balance – beginning Fund balance – ending $ 143 $ 841,680 841,680 $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 5,702,781 $ 5,972,299 $ Miscellaneous Total revenues 6,142,997 9,701 $ 170,698 9,701 5,702,781 5,972,299 6,152,698 180,399 5,702,781 5,972,299 5,970,114 2,185 5,702,781 5,972,299 5,970,114 2,185 182,584 182,584 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances (322,782) (322,782) $ Fund balance (deficit) – beginning Fund balance (deficit )– ending $ 144 (322,782) (322,782) $ 182,584 (191,684) (9,100) $ 182,584 131,098 313,682 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ 1,600,000 $ 1,600,000 $ 2,238,195 $ 638,195 1,600,000 1,600,000 2,238,195 638,195 1,600,000 1,600,000 1,031,879 28,435 568,121 (28,435) 1,600,000 1,600,000 1,060,314 539,686 Excess of revenues over expenditures 1,177,881 1,177,881 Net change in fund balances 1,177,881 1,542,954 2,720,835 1,177,881 1,542,954 2,720,835 Total revenues EXPENDITURES Current: Public safety Capital outlay Total expenditures Fund balance – beginning Fund balance – ending $ $ 145 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual County School Indirect Cost Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 380,534 $ 380,534 $ Miscellaneous Total revenues 722,561 37,731 $ 760,292 342,027 37,731 380,534 380,534 379,758 380,534 380,534 380,534 380,534 380,534 380,534 EXPENDITURES Current: Education Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning, as restated Fund balance – ending $ $ 146 $ 760,292 760,292 760,292 484,025 1,244,317 760,292 484,025 1,244,317 $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Miscellaneous 1,098,301 624 $ 1,098,301 624 $ 1,084,032 2,201 $ (14,269) 1,577 1,098,925 1,098,925 1,086,233 (12,692) 1,218,377 1,194,377 24,000 1,202,015 (7,638) 24,000 1,218,377 1,218,377 1,202,015 16,362 Deficiency of revenues under expenditures (119,452) (119,452) (115,782) 3,670 Net change in fund balances (119,452) 119,452 (119,452) 119,452 (115,782) 171,659 55,877 3,670 52,207 55,877 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 Criminal Justice Enhancement Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Miscellaneous Total revenues 1,476,100 12,600 $ 1,460,200 28,500 $ 1,948,083 73,465 $ 487,883 44,965 1,488,700 1,488,700 2,021,548 532,848 1,488,700 1,788,700 1,333,618 102,434 455,082 (102,434) 1,488,700 1,788,700 1,436,052 352,648 (300,000) 585,496 885,496 (300,000) 916,363 616,363 585,496 1,220,987 1,806,483 885,496 304,624 1,190,120 EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances 916,363 916,363 Fund balance – beginning Fund balance – ending $ 148 $ $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ Miscellaneous Total revenues 185,000 12,950 $ 185,000 12,950 $ 14,875 28,941 $ (170,125) 15,991 197,950 197,950 43,816 (154,134) 189,181 189,181 127,953 61,228 189,181 189,181 127,953 61,228 8,769 8,769 (84,137) (92,906) (5,147) (5,147) 5,147 (5,147) (5,147) 5,147 3,622 655,388 659,010 3,622 655,388 659,010 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 $ 149 $ $ (84,137) 660,116 575,979 $ (87,759) 4,728 (83,031) 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ 980,000 20,000 Miscellaneous Total revenues $ 980,000 20,000 $ 884,127 43,544 $ (95,873) 23,544 1,000,000 1,000,000 927,671 (72,329) 1,000,000 1,000,000 963,895 36,105 1,000,000 1,000,000 963,895 36,105 (36,224) (36,224) (36,224) 878,943 842,719 (36,224) (159,761) (195,985) EXPENDITURES Current: Public safety Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 1,038,704 1,038,704 150 $ 1,038,704 1,038,704 $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Miscellaneous Total revenues 178,335 4,000 $ 178,335 4,000 $ 209,930 9,308 $ 31,595 5,308 182,335 182,335 219,238 36,903 182,335 182,335 179,680 2,655 182,335 182,335 179,680 2,655 39,558 39,558 39,558 202,654 242,212 39,558 1,881 41,439 EXPENDITURES Current: Health, welfare and sanitation Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 200,773 200,773 151 $ 200,773 200,773 $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ $ 7,275,279 $ 7,195,871 $ (79,408) 7,275,279 7,195,871 (79,408) 7,275,279 7,264,100 11,179 7,275,279 7,264,100 11,179 Deficiency of revenues under expenditures (68,229) (68,229) Net change in fund balances (68,229) 68,229 (68,229) 68,229 Total revenues EXPENDITURES Current: General government Total expenditures Fund balance – beginning Fund balance – ending $ $ 152 $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Miscellaneous Total revenues 892,466 1,460 $ 959,452 4,507 $ 1,101,061 4,247 $ 141,609 (260) 893,926 963,959 1,105,308 141,349 958,632 958,632 1,028,665 1,028,665 1,032,066 1,032,066 (3,401) (3,401) (64,706) (64,706) 73,242 137,948 (57,101) (57,101) 57,101 (57,101) (57,101) 57,101 (121,807) (316,163) (437,970) (121,807) (316,163) (437,970) EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues under expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund deficit – beginning Fund deficit – ending $ 153 $ $ 73,242 (139,427) (66,185) $ 195,049 176,736 371,785 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, 2007 Variance with Final BudgetBudgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Licenses and permits $ 10,237,186 Charges for services $ Total revenues $ 10,769,325 $ (609,356) 1,279,356 1,726,308 446,952 1,335,309 61,085 1,983,418 91,988 1,968,546 30,903 (14,872) 12,321,401 14,702,540 14,556,167 (146,373) 11,909,065 30,844 14,171,762 468,144 13,052,931 551,367 1,118,831 (83,223) 11,939,909 14,639,906 13,604,298 1,035,608 381,492 62,634 951,869 889,235 (378,412) (378,412) 378,412 (378,412) (378,412) 378,412 Fines and forfeits Miscellaneous 11,378,681 748,906 EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ 3,080 4,205,705 4,208,785 154 $ (315,778) 4,205,705 3,889,927 $ 951,869 3,877,752 4,829,621 $ 1,267,647 (327,953) 939,694 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ $ Total revenues 264,209 $ 36,063 $ (228,146) 264,209 36,063 (228,146) 75,000 75,000 36,063 36,063 38,937 38,937 EXPENDITURES Current: Health, welfare and sanitation Total expenditures 189,209 Excess of revenues over expenditures (189,209) OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing uses Net change in fund balances (373,540) (373,540) $ Fund balance (deficit) – beginning Fund deficit – ending $ 155 54,802 (62,959) 54,802 (62,959) (62,959) (8,157) 54,802 (8,157) 8,157 (134,407) 381,697 247,290 126,250 (373,540) (247,290) $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ 75,000 $ 1,175,000 $ 80,327 $ (1,094,673) 75,000 1,175,000 80,327 (1,094,673) 75,000 75,000 26,098 48,902 75,000 75,000 26,098 48,902 Excess of revenues over expenditures 1,100,000 54,229 (1,045,771) Net change in fund balances 1,100,000 54,229 (132) 54,097 $ (1,045,771) (132) (1,045,903) Total revenues EXPENDITURES Current: Culture and recreation Total expenditures Fund balance (deficit) – beginning Fund balance – ending $ $ 156 1,100,000 $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Miscellaneous Total revenues 420,500 4,500 $ 420,500 4,500 $ 437,452 11,471 $ 16,952 6,971 425,000 425,000 448,923 23,923 425,000 425,000 421,598 3,402 425,000 425,000 421,598 3,402 27,325 27,325 27,325 325,743 353,068 27,325 106,862 134,187 EXPENDITURES Current: Health, welfare and sanitation Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 218,881 218,881 157 $ 218,881 218,881 $ $ 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, 2007 Variance With Final BudgetBudgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Taxes $ Licenses and permits Intergovernmental Miscellaneous Total revenues 67,096,622 $ 65,099,622 $ 64,957,692 $ (141,930) 1,000,000 1,571,000 2,341,904 770,904 21,291,213 20,882,750 13,807,213 6,257,750 13,212,070 7,063,326 (595,143) 805,576 110,270,585 86,735,585 87,574,992 839,407 33,594,280 1,061,130 32,550,652 1,611,365 30,368,375 1,443,981 2,182,277 167,384 34,655,410 34,162,017 31,812,356 2,349,661 75,615,175 52,573,568 55,762,636 3,189,068 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 (77,315,461) (55,128,752) (55,128,752) (77,315,461) (55,128,752) (55,128,752) (1,700,286) (2,555,184) 633,884 3,189,068 1,700,286 1,700,286 10,820,543 133,707 11,588,134 9,120,257 133,707 12,443,032 Increase in reserve for inventory of supplies Fund balance (deficit) – ending $ $ 158 (854,898) $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Flood Control Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2007 Variance With Final BudgetBudgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Intergovernmental $ $ Total revenues 76,602 $ 76,602 76,602 76,602 76,602 76,602 76,602 76,602 $ EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 57,151 57,151 159 $ 57,151 57,151 $ $ (57,151) (57,151) 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Miscellaneous Total revenues 52,500 25,203,038 $ 731,833 21,726,833 $ 763,833 3,223 $ 32,000 (21,723,610) 25,255,538 22,458,666 767,056 (21,691,610) 21,094,004 42,264,514 761,333 41,503,181 21,094,004 42,264,514 761,333 41,503,181 4,161,534 (19,805,848) 5,723 19,811,571 (383,891) (383,891) (383,891) (383,891) (20,189,739) 4,436,785 (15,752,954) (378,168) 378,168 EXPENDITURES Current: General government 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 $ 4,161,534 4,436,785 8,598,319 160 $ $ $ 19,811,571 (4,058,617) 15,752,954 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Miscellaneous Total revenues 37,602,070 224,372 $ 37,699,770 224,372 $ 42,466,660 60,487 $ 4,766,890 (163,885) 37,826,442 37,924,142 42,527,147 4,603,005 36,155,125 737,000 36,252,825 737,000 39,900,197 1,115,765 (3,647,372) (378,765) 36,892,125 36,989,825 41,015,962 (4,026,137) 934,317 934,317 1,511,185 576,868 EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses (934,317) (934,317) 934,317 (934,317) (934,317) 934,317 (2,996,571) (2,996,571) (2,996,571) (2,996,571) Net change in fund balances Fund deficit – beginning Fund deficit – ending $ 161 $ $ 1,511,185 (4,772,013) (3,260,828) $ 1,511,185 (1,775,442) (264,257) 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for Services $ 145,715 4,000 Miscellaneous $ 145,715 4,000 $ 99,515 15,785 $ 149,715 149,715 489,187 489,187 489,187 489,187 489,187 489,187 Excess (deficiency) of revenues over expenditures (339,472) (339,472) 115,300 454,772 Net change in fund balances (339,472) 339,472 (339,472) 339,472 115,300 338,056 453,356 454,772 (1,416) 453,356 Total revenues 115,300 (46,200) 11,785 (34,415) EXPENDITURES Current: Public safety Total expenditures Fund balance – beginning Fund balance – ending $ $ 162 $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ Total revenues 13,581,552 $ 13,581,552 $ 14,106,301 $ 524,749 13,581,552 13,581,552 14,106,301 524,749 11,192,105 10,442,105 750,000 10,048,421 19,467 393,684 730,533 11,192,105 11,192,105 10,067,888 1,124,217 2,389,447 2,389,447 4,038,413 1,648,966 2,389,447 17,844,846 20,234,293 2,389,447 17,844,846 20,234,293 4,038,413 18,149,060 22,187,473 1,648,966 304,214 1,953,180 EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 163 $ $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services Miscellaneous Total revenues 186,000 $ 186,000 $ $ (186,000) 1,156,192 26,000 1,156,092 26,100 1,139,568 71,716 (16,524) 45,616 1,368,192 1,368,192 1,211,284 (156,908) 1,996,784 50,000 2,006,784 40,000 1,601,435 405,349 40,000 2,046,784 2,046,784 1,601,435 445,349 (678,592) (678,592) (390,151) 288,441 (678,592) 1,503,418 824,826 (678,592) 1,503,418 824,826 (390,151) 1,628,261 1,238,110 288,441 124,843 413,284 EXPENDITURES Current: Public safety Capital outlay Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 164 $ $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ 607,165 42,835 Miscellaneous $ 600,000 50,000 $ 648,336 120,126 $ 48,336 70,126 650,000 650,000 768,462 118,462 1,484,000 936,000 8,000 453,738 482,262 8,000 1,484,000 944,000 453,738 490,262 (834,000) (294,000) 314,724 608,724 (834,000) 2,211,148 1,377,148 (294,000) 2,211,148 1,917,148 314,724 2,319,170 2,633,894 608,724 108,022 716,746 Total revenues EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 165 $ $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) Revenues Charges for Services $ 2,982,244 17,756 Miscellaneous Total revenues $ 2,900,000 100,000 $ 3,387,657 184,889 $ 487,657 84,889 3,000,000 3,000,000 3,572,546 572,546 3,000,000 3,540,000 3,312,611 227,389 3,000,000 3,540,000 3,312,611 227,389 (540,000) 259,935 799,935 (540,000) 3,115,766 2,575,766 259,935 3,748,573 4,008,508 799,935 632,807 1,432,742 Expenditures Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances 3,115,766 3,115,766 Fund balance – beginning Fund balance – ending $ 166 $ $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 284,629 $ Miscellaneous Total revenues 277,629 7,000 $ 306,116 32,115 $ 28,487 25,115 284,629 284,629 338,231 53,602 284,629 284,629 246,597 38,032 284,629 284,629 246,597 38,032 91,634 91,634 91,634 651,365 742,999 91,634 118,403 210,037 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances 532,962 532,962 Fund balance – beginning Fund balance – ending $ 167 $ 532,962 532,962 $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 6,212,830 $ Miscellaneous Total revenues 9,903,226 19,705 $ 7,821,658 11,123 $ (2,081,568) (8,582) 6,212,830 9,922,931 7,832,781 (2,090,150) 6,212,830 9,922,931 6,844,935 3,077,996 6,212,830 9,922,931 6,844,935 3,077,996 987,846 987,846 987,846 (492,638) 495,208 987,846 239,830 1,227,676 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund deficit – beginning Fund balance (deficit) – ending $ (732,468) (732,468) 168 $ (732,468) (732,468) $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 900,000 $ 950,048 $ Fines and forfeits $ (130,826) 6,000 900,000 956,048 2,178,400 1,222,352 900,000 995,753 90,295 870,123 125,640 125,630 (35,345) 900,000 1,086,048 995,763 90,285 (130,000) 1,182,637 1,312,637 (130,000) 926,621 796,621 1,182,637 985,050 2,167,687 1,312,637 58,429 1,371,066 Miscellaneous Total revenues 819,222 1,298,137 61,041 1,298,137 55,041 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 $ 926,621 926,621 169 $ $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ 10,000 $ 10,000 $ 31,137 $ 21,137 10,000 10,000 31,137 21,137 50,000 50,000 27,009 22,991 50,000 50,000 27,009 22,991 Excess (deficiency) of revenues over expenditures (40,000) (40,000) 4,128 44,128 Net change in fund balances (40,000) 62,190 22,190 (40,000) 62,190 22,190 4,128 80,862 84,990 44,128 18,672 62,800 Total revenues EXPENDITURES Current: Public safety Total expenditures Fund balance – beginning Fund balance – ending $ 170 $ $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services 60,000 $ 60,000 $ $ 6,732 1,336,010 1,577,428 241,418 74,800 74,800 518 212,314 518 137,514 1,421,647 1,470,810 1,856,992 386,182 1,403,033 15,000 1,452,196 615,000 1,495,588 265,000 (43,392) 350,000 1,418,033 2,067,196 1,760,588 306,608 3,614 (596,386) 96,404 692,790 3,614 1,845,489 1,849,103 (596,386) 1,845,489 1,249,103 96,404 2,085,362 2,181,766 692,790 239,873 932,663 Fines and forfeits Miscellaneous Total revenues 66,732 1,286,847 EXPENDITURES Current: Culture and recreation Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 171 $ $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Fines and forfeits Miscellaneous Total revenues 840,000 $ 840,000 $ 884,555 $ 44,555 2,000 43,000 2,000 43,000 2,632 72,263 632 29,263 885,000 885,000 959,450 74,450 885,000 885,000 892,664 (7,664) 885,000 885,000 892,664 (7,664) 66,786 66,786 66,786 486,127 552,913 66,786 69,775 136,561 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 416,352 416,352 172 $ 416,352 416,352 $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 59,000 $ 59,000 $ Miscellaneous Total revenues 59,000 1,463 $ 1,463 59,000 59,000 60,463 1,463 59,000 59,000 57,007 1,993 59,000 59,000 57,007 1,993 3,456 3,456 3,456 12,094 15,550 3,456 983 4,439 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances 11,111 11,111 Fund balance – beginning Fund balance – ending $ 173 $ 11,111 11,111 $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes $ 18,401,410 Intergovernmental $ 312,933 Charges for services 18,401,410 $ 1,263,448 18,059,040 $ (342,370) 713,022 (550,426) 70,000 40,853 3,791 (37,062) 550,000 636,481 487,552 4,764,109 579,645 5,081,874 92,093 317,765 19,970,824 24,957,372 24,437,372 (520,000) 18,903,079 20,300 20,895,385 58,666 19,541,390 446,531 1,353,995 (387,865) 18,923,379 20,954,051 19,987,921 966,130 Excess of revenues over expenditures 1,047,445 4,003,321 4,449,451 446,130 Net change in fund balances 1,047,445 6,952,365 7,999,810 4,003,321 6,952,365 10,955,686 4,449,451 7,962,883 12,412,334 446,130 1,010,518 1,453,648 Fines and forfeits Miscellaneous Total revenues EXPENDITURES Current: Culture and recreation Capital outlay Total expenditures Fund balance – beginning Fund balance – ending $ 174 $ $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 25,000 Total revenues $ 143,463 $ 134,754 $ (8,709) 25,000 143,463 134,754 (8,709) 25,000 25,000 143,463 143,463 134,754 134,754 8,709 8,709 EXPENDITURES Current: Culture and recreation Total expenditures Excess of revenues over expenditures Net change in fund balances 77,763 77,763 Fund balance – beginning Fund balance – ending $ 175 $ 77,763 77,763 $ $ (77,763) (77,763) 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ $ Total revenues 105,920 $ 10,920 $ (95,000) 105,920 10,920 (95,000) 10,920 95,000 10,920 86,619 8,381 105,920 97,539 8,381 (86,619) (86,619) (86,619) (86,619) 214,661 128,042 EXPENDITURES Current: Public safety Capital outlay Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund deficit – beginning Fund deficit – ending $ (214,661) (214,661) 176 $ (214,661) (214,661) $ (86,619) $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 309,161 $ 309,161 $ Miscellaneous Total revenues 309,161 9,731 $ 9,731 309,161 309,161 318,892 9,731 291,515 291,515 308,883 (17,368) 291,515 291,515 308,883 (17,368) 17,646 17,646 10,009 (7,637) (17,646) (17,646) 17,646 (17,646) (17,646) 17,646 214,304 214,304 214,304 214,304 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ 177 $ $ 10,009 234,294 244,303 $ 10,009 19,990 29,999 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 468,291 $ 2,068,291 $ Miscellaneous Total revenues 332,329 1,989 $ (1,735,962) 1,989 468,291 2,068,291 334,318 (1,733,973) 183,291 230,000 175,991 237,300 51,649 67,840 124,342 169,460 413,291 413,291 119,489 293,802 55,000 1,655,000 214,829 (1,440,171) EXPENDITURES Current: Culture and recreation Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance (deficit) – beginning Fund balance (deficit) – ending $ (150,000) (1,750,000) (160,154) 1,589,846 (150,000) (1,750,000) (160,154) 1,589,846 (95,000) 150,047 55,047 (95,000) 150,047 55,047 54,675 (82,523) (27,848) 149,675 (232,570) (82,895) 178 $ $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ 160,000 Total revenues $ 160,000 $ 164,196 $ 4,196 160,000 160,000 164,196 4,196 160,000 160,000 35,295 2,009 124,705 (2,009) 160,000 160,000 37,304 122,696 126,892 126,892 126,892 1,414,393 1,541,285 126,892 229,428 356,320 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 $ 1,184,965 1,184,965 179 $ 1,184,965 1,184,965 $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services Miscellaneous Total revenues $ 26,700 $ 52,000 $ 25,300 1,729,917 734,000 1,745,764 771,264 1,774,765 999,173 29,001 227,909 2,463,917 2,543,728 2,825,938 282,210 2,545,417 36,700 2,635,382 36,700 2,482,135 35,926 153,247 774 2,582,117 2,672,082 2,518,061 154,021 (118,200) (128,354) 307,877 436,231 38,000 (29,000) 73,154 (109,000) 69,890 (85,933) (3,264) 23,067 9,000 (35,846) (16,043) 19,803 (109,200) 2,299,802 2,190,602 (164,200) 2,299,802 2,135,602 291,834 2,485,091 2,776,925 456,034 185,289 641,323 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 sources (uses) Net change in fund balances Fund balance – beginning Fund balance – ending $ 180 $ $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ Total revenues 105,000 $ 130,000 $ 128,886 $ (1,114) 105,000 130,000 128,886 (1,114) 67,000 67,000 68,995 (1,995) 67,000 67,000 68,995 (1,995) 38,000 63,000 59,891 (3,109) EXPENDITURES Current: Culture and recreation Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses (38,000) (63,000) (59,736) 3,264 (38,000) (63,000) (59,736) 3,264 44,916 44,916 44,916 44,916 155 24,923 25,078 155 (19,993) (19,838) Net change in fund balances Fund balance – beginning Fund balance – ending $ 181 $ $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Intergovernmental $ 420,000 Charges for services $ 420,000 $ 450,000 $ 30,000 25,000 7,500 24,950 7,550 36,442 20,360 11,492 12,810 452,500 452,500 506,802 54,302 436,359 263,000 436,359 263,000 391,599 18,593 44,760 244,407 699,359 699,359 410,192 289,167 Excess (deficiency) of revenues over expenditures (246,859) (246,859) 96,610 343,469 Net change in fund balances (246,859) 316,629 69,770 (246,859) 316,629 69,770 96,610 421,741 518,351 343,469 105,112 448,581 Miscellaneous Total revenues EXPENDITURES Current: Culture and recreation Capital outlay Total expenditures Fund balance – beginning Fund balance – ending $ 182 $ $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ Intergovernmental Charges for services Fines and forfeits Miscellaneous Total revenues 11,552,752 $ 11,727,018 $ 8,096,052 $ (3,630,966) 122,431 122,431 5,982,889 6,068,722 5,737,146 (331,576) (122,431) 1,096 419,060 1,096 419,060 29,651 999,154 28,555 580,094 18,078,228 18,338,327 14,862,003 (3,476,324) 16,801,161 437,813 17,417,443 434,687 16,179,935 472,826 1,237,508 (38,139) 17,238,974 17,852,130 16,652,761 1,199,369 839,254 486,197 (1,790,758) (2,276,955) (369,758) (369,758) 369,758 (369,758) (369,758) 369,758 469,496 6,626,699 7,096,195 116,439 6,626,699 6,743,138 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 $ 183 $ $ (1,790,758) 17,384,098 15,593,340 $ (1,907,197) 10,757,399 8,850,202 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 370,000 2,000 Miscellaneous Total revenues $ 370,000 2,000 $ 402,325 10,634 $ 32,325 8,634 372,000 372,000 412,959 40,959 372,000 372,000 369,996 2,004 372,000 372,000 369,996 2,004 42,963 42,963 42,963 255,152 298,115 42,963 53,579 96,542 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances 201,573 201,573 Fund balance – beginning Fund balance – ending $ 184 $ 201,573 201,573 $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services Miscellaneous Total revenues 460,846 $ 460,846 $ 472,892 $ 12,046 1,109,237 11,982 1,109,237 11,982 1,109,237 15,030 3,048 1,582,065 1,582,065 1,597,159 15,094 1,452,065 130,000 1,692,065 40,000 1,515,333 176,732 40,000 1,582,065 1,732,065 1,515,333 216,732 (150,000) 81,826 231,826 (150,000) 1,344,793 1,194,793 81,826 433,077 514,903 231,826 (911,716) (679,890) 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 $ 1,344,793 1,344,793 185 $ $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Miscellaneous Total revenues 373,288 5,000 $ 373,288 5,000 $ 353,532 $ (19,756) (5,000) 378,288 378,288 353,532 (24,756) 378,288 378,288 353,532 24,756 378,288 378,288 353,532 24,756 25,442 25,442 25,442 25,442 25,442 (25,442) 25,442 (25,442) EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund deficit – beginning Fund balance – ending $ $ 186 $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Miscellaneous Total revenues 651,674 8,100 $ 651,674 8,100 $ 606,791 11,667 $ (44,883) 3,567 659,774 659,774 618,458 (41,316) 659,774 659,774 466,695 193,079 659,774 659,774 466,695 193,079 151,763 151,763 151,763 6,740 158,503 151,763 (36,692) 115,071 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 43,432 43,432 187 $ 43,432 43,432 $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for Services Miscellaneous Total revenues 44,056,173 $ 45,199,215 $ 43,816,561 $ (1,382,654) 121,365 1,100 279,365 1,100 242,022 17,548 (37,343) 16,448 44,178,638 45,479,680 44,076,131 (1,403,549) 42,625,822 40,654 43,839,464 128,054 42,145,732 245,383 1,693,732 (117,329) 42,666,476 43,967,518 42,391,115 1,576,403 1,512,162 1,512,162 1,685,016 172,854 EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses (1,512,162) (4,004,302) (2,224,997) 1,779,305 (1,512,162) (4,004,302) (2,224,997) 1,779,305 (2,492,140) (539,981) 1,952,159 (5,554,850) (5,554,850) (1,498,060) 661,472 (1,376,569) 4,056,790 661,472 6,670,421 Net change in fund balances Fund deficit – beginning Increase in reserve for inventories Fund deficit – ending $ (5,554,850) 188 $ (8,046,990) $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for Services $ 3,478,807 $ 3,478,807 $ Miscellaneous Total revenues 3,557,647 126,145 $ 78,840 126,145 3,478,807 3,478,807 3,683,792 204,985 3,279,417 54,961 3,440,006 127,372 3,322,698 119,939 117,308 7,433 3,334,378 3,567,378 3,442,637 124,741 144,429 (88,571) 241,155 329,726 45,000 (186,278) 2,537,140 (186,278) 2,262,546 (274,594) 186,278 (141,278) 2,350,862 2,262,546 (88,316) 3,151 2,262,291 2,503,701 241,410 395,118 395,118 2,433,402 29,899 4,967,002 2,038,284 29,899 2,309,593 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 Increase in reserve for inventories Fund balance – ending $ 398,269 189 $ 2,657,409 $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Miscellaneous Total revenues 6,000,000 300,000 $ 6,000,000 300,000 $ 6,143,948 476,255 $ 143,948 176,255 6,300,000 6,300,000 6,620,203 320,203 4,925,103 1,510,000 9,807,318 1,351,793 9,951,905 1,138,075 (144,587) 213,718 6,435,103 11,159,111 11,089,980 69,131 (135,103) (4,859,111) (4,469,777) 389,334 (135,103) 9,132,526 8,997,423 (4,859,111) 9,132,526 4,273,415 (4,469,777) 11,259,093 6,789,316 389,334 2,126,567 2,515,901 EXPENDITURES Current: General government Capital outlay Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 190 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual School Communication Expense Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 24,795 $ 61,795 $ Miscellaneous Total revenues 12,356 87,553 $ (49,439) 87,553 24,795 61,795 99,909 38,114 24,795 61,795 53,849 7,946 24,795 61,795 53,849 7,946 46,060 46,060 46,060 (13,828) 32,232 46,060 (13,828) 32,232 EXPENDITURES Current: Education Total expenditures Excess of revenues over expenditures Net change in fund balances Fund deficit – beginning, as restated Fund balance – ending $ $ 191 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual School Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 2,540,717 $ 2,546,431 $ Miscellaneous 1,681,919 410,215 $ (864,512) 410,215 2,540,717 2,546,431 2,092,134 (454,297) 2,540,717 2,546,431 1,074,429 1,472,002 2,540,717 2,546,431 1,074,429 1,472,002 Excess of revenues over expenditures 1,017,705 1,017,705 Net change in fund balances 1,017,705 (195,488) 822,217 1,017,705 (195,488) 822,217 Total revenues EXPENDITURES Current: Education Total expenditures Fund deficit – beginning Fund balance – ending $ $ 192 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual School Transportation Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ 702,258 $ 702,258 $ 1,020,522 $ 318,264 702,258 702,258 1,020,522 318,264 702,258 702,258 882,403 (180,145) 702,258 702,258 882,403 (180,145) Excess of revenues over expenditures 138,119 138,119 Net change in fund balances 138,119 19,338 157,457 138,119 19,338 157,457 Total revenues EXPENDITURES Current: Education Total expenditures Fund balance – beginning Fund balance – ending $ $ 193 $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ 16,400 Total revenues $ 16,400 $ 19,181 $ 2,781 16,400 16,400 19,181 2,781 16,400 16,400 4,114 12,286 16,400 16,400 4,114 12,286 15,067 15,067 15,067 39,618 54,685 15,067 1,585 16,652 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances 38,033 38,033 Fund balance – beginning Fund balance – ending $ 194 $ 38,033 38,033 $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 6,303,635 $ 6,924,927 $ 5,485,027 $ (1,439,900) Fines and forfeits Miscellaneous Total revenues 6,303,635 6,924,927 5,485,027 (1,439,900) 4,400,867 1,902,768 4,985,678 1,939,249 3,952,048 1,636,485 1,033,630 302,764 6,303,635 6,924,927 5,588,533 1,336,394 (103,506) (103,506) (103,506) (152,520) (256,026) (103,506) 595,006 491,500 EXPENDITURES Current: Public safety Capital outlay Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund deficit – beginning Fund deficit – ending $ (747,526) (747,526) 195 $ (747,526) (747,526) $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 2,050,000 $ 2,050,000 $ Miscellaneous Total revenues 1,717,402 71 $ (332,598) 71 2,050,000 2,050,000 1,717,473 (332,527) 1,788,933 261,067 1,788,933 261,067 1,422,129 35,012 366,804 226,055 2,050,000 2,050,000 1,457,141 592,859 260,332 260,332 260,332 601,415 861,747 260,332 (98,531) 161,801 EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances 699,946 699,946 Fund balance – beginning Fund balance – ending $ 196 $ 699,946 699,946 $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ Total revenues 1,100,000 $ 1,100,000 $ 1,116,951 $ 16,951 1,100,000 1,100,000 1,116,951 16,951 928,000 172,000 928,000 172,000 947,214 152,571 (19,214) 19,429 1,100,000 1,100,000 1,099,785 215 17,166 17,166 17,166 (34,430) (17,264) 17,166 (63,314) (46,148) EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances 28,884 28,884 Fund balance (deficit) – beginning Fund balance (deficit) – ending $ 197 $ 28,884 28,884 $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Charges for Services $ Miscellaneous Total revenues 111,000 750 $ 111,000 750 $ 124,241 5,952 $ 13,241 5,202 111,750 111,750 130,193 18,443 111,750 111,750 109,836 1,914 111,750 111,750 109,836 1,914 20,357 20,357 20,357 87,843 108,200 20,357 (17,120) 3,237 EXPENDITURES Current: Public Safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 104,963 104,963 198 $ 104,963 104,963 $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Miscellaneous Total revenues 1,782,651 1,000 $ 1,937,935 1,000 $ 1,818,534 5,588 $ (119,401) 4,588 1,783,651 1,938,935 1,824,122 (114,813) 1,783,651 1,938,935 1,705,344 233,591 1,783,651 1,938,935 1,705,344 233,591 118,778 118,778 118,778 295,011 413,789 118,778 (2,128) 116,650 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances 297,139 297,139 Fund balance – beginning Fund balance – ending $ 199 $ 297,139 297,139 $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 1,984,222 $ 1,984,222 $ 1,183,128 $ (801,094) 1,984,222 1,984,222 1,183,128 (801,094) 984,222 1,000,000 984,222 1,000,000 910,543 33,128 73,679 966,872 1,984,222 1,984,222 943,671 1,040,551 239,457 239,457 239,457 (451,497) (212,040) 239,457 (101,713) 137,744 EXPENDITURES Current: Highways and streets Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances Fund deficit – beginning Fund deficit – ending $ (349,784) (349,784) 200 $ (349,784) (349,784) $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Licenses and permits $ Intergovernmental Miscellaneous Total revenues 3,351,416 $ 3,274,916 $ 3,037,320 $ (237,596) 108,720,990 1,582,633 108,720,990 1,659,133 117,997,069 4,235,987 9,276,079 2,576,854 113,655,039 113,655,039 125,270,376 11,615,337 53,574,248 2,743,067 53,728,639 2,672,467 55,177,026 1,495,579 (1,448,387) 1,176,888 56,317,315 56,401,106 56,672,605 (271,499) 57,337,724 57,253,933 68,597,771 11,343,838 (68,093,970) (67,973,441) (66,263,032) 1,710,409 (68,093,970) (67,973,441) (66,263,032) 1,710,409 (10,756,246) (10,719,508) 2,334,739 13,054,247 10,756,246 10,756,246 12,366,869 158,997 14,860,605 1,610,623 158,997 14,823,867 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 $ $ 201 36,738 $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Miscellaneous Total revenues 1,929,131 1,000 $ 1,954,131 1,000 $ 1,382,182 $ (571,949) (1,000) 1,930,131 1,955,131 1,382,182 (572,949) 1,930,131 1,955,131 1,382,182 572,949 1,930,131 1,955,131 1,382,182 572,949 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund deficit – beginning Fund deficit – ending $ (14,300) (14,300) 202 $ (14,300) (14,300) $ $ 14,300 14,300 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, 2007 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services Miscellaneous Total revenues 693,356 $ 693,356 $ 945,235 $ 251,879 4,747,321 38,000 4,748,321 37,000 4,512,009 155,719 (236,312) 118,719 5,478,677 5,478,677 5,612,963 134,286 5,478,677 5,544,777 433,900 5,310,669 422,769 234,108 11,131 5,478,677 5,978,677 5,733,438 245,239 (500,000) (120,475) 379,525 (500,000) 2,624,927 2,124,927 (120,475) 2,743,328 2,622,853 379,525 118,401 497,926 EXPENDITURES Current: Public safety Capital outlay Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balance– beginning Fund balance – ending $ 2,624,927 2,624,927 203 $ $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ $ Miscellaneous Total revenues 40,000 40,000 $ 14,577 125,242 $ 14,577 85,242 40,000 40,000 139,819 99,819 40,000 140,000 116,024 23,976 40,000 140,000 116,024 23,976 (100,000) 23,795 123,795 (100,000) 343,483 243,483 23,795 513,893 537,688 123,795 170,410 294,205 EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances 343,483 343,483 Fund balance – beginning Fund balance – ending $ 204 $ $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and Forfeits $ 95,000 5,000 Miscellaneous Total revenues $ 95,000 5,000 $ 114,627 19,058 $ 133,685 19,627 14,058 100,000 100,000 33,685 100,000 100,000 100,000 100,000 100,000 100,000 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances 290,742 290,742 Fund balance – beginning Fund balance – ending $ 205 $ 290,742 290,742 $ 133,685 133,685 133,685 424,145 557,830 133,685 133,403 267,088 $ 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, 2007 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ 3,300 $ 3,300 $ 42,219 $ 3,300 39,901 39,901 39,901 39,901 39,901 39,901 Excess (deficiency) of revenues over expenditures (36,601) (36,601) 42,219 78,820 Net change in fund balances (36,601) 47,633 11,032 (36,601) 47,633 11,032 42,219 73,219 115,438 78,820 25,586 104,406 Total revenues 42,219 38,919 3,300 38,919 EXPENDITURES Current: Public safety Total expenditures Fund balance – beginning Fund balance – ending $ 206 $ $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for Services $ 70,000 13,410 Miscellaneous $ 70,000 13,410 $ 76,273 21,700 $ 6,273 8,290 83,410 83,410 97,973 14,563 555,007 555,007 68,917 486,090 555,007 555,007 68,917 486,090 Excess (deficiency) of revenues over expenditures (471,597) (471,597) 29,056 500,653 Net change in fund balances (471,597) 583,994 112,397 (471,597) 583,994 112,397 29,056 467,303 496,359 500,653 (116,691) 383,962 Total revenues EXPENDITURES Current: Public safety Total expenditures Fund balance – beginning Fund balance – ending $ 207 $ $ $ 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, 2007 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for Services Miscellaneous Total revenues 4,700,000 $ 4,700,000 $ 6,186,399 $ 1,486,399 40,000 100,000 40,000 100,000 114,901 321,766 74,901 221,766 4,840,000 4,840,000 6,623,066 1,783,066 4,851,642 1,436,000 4,872,340 1,436,000 5,019,725 1,479,904 (147,385) (43,904) 6,287,642 6,308,340 6,499,629 (191,289) (1,447,642) (1,468,340) 123,437 1,591,777 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 $ (39,845) (39,845) 39,845 (39,845) (39,845) 39,845 (1,487,487) 6,627,940 5,140,453 (1,508,185) 6,627,940 5,119,755 208 $ $ 123,437 6,847,070 6,970,507 $ 1,631,622 219,130 1,850,752 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, 2007 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Miscellaneous Total revenues 3,297,754 1,743,612 $ 3,297,761 1,743,612 $ 3,346,366 3,098,682 $ 48,605 1,355,070 5,041,366 5,041,373 6,445,048 1,403,675 17,691,300 122,043,729 10,758,187 111,285,542 3,243,113 249,944 (3,243,113) (249,944) EXPENDITURES Debt service: Principal Interest Other expenditures Total expenditures Deficiency of revenues under expenditures 17,691,300 122,043,729 14,251,244 107,792,485 (12,649,934) (117,002,356) (7,806,196) 109,196,160 9,337,196 78,155,776 OTHER FINANCING SOURCES (USES) Transfers in Transfers out Proceeds from bond issuance 32,840,000 973,842 973,842 (34,414,011) (34,414,011) 9,337,196 111,969,618 7,412,649 (104,556,969) (3,312,738) 14,582,325 11,269,587 (5,032,738) 14,582,325 9,549,587 (393,547) 27,212,658 26,819,111 4,639,191 12,630,333 17,269,524 Payment to escrow agent Net change in fund balances Fund balance – beginning Fund balance – ending $ (1,324,371) (68,818,587) 32,840,000 Premium on bond issuance Total other financing sources 76,831,405 (68,818,587) 209 $ $ $ 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, 2007 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes $ Miscellaneous Total revenues 5,215,094 300,000 $ 5,215,094 300,000 $ 6,286,155 552,281 $ 1,071,061 252,281 5,515,094 5,515,094 6,838,436 1,323,342 5,442,594 5,442,594 2,820,000 2,622,594 2,603,344 1,030 (2,603,344) (1,030) EXPENDITURES Debt service: Principal Interest Other expenditures Total expenditures 5,442,594 5,442,594 5,424,374 18,220 72,500 72,500 1,414,062 1,341,562 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 $ (482,500) (1,410,000) (1,409,117) 883 (482,500) (1,410,000) (1,409,117) 883 (410,000) 1,542,138 1,132,138 (1,337,500) 1,542,138 204,638 4,945 10,697,550 10,702,495 1,342,445 10,697,550 12,039,995 210 $ $ $ 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, 2007 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ $ $ Total revenues 149,106 $ 149,106 149,106 149,106 EXPENDITURES Debt service: Other expenditures Capital outlay Total expenditures Deficiency of revenues under expenditures 34,489,709 1,222,246 51,678,339 1,209,493 32,763,238 12,753 18,915,101 34,489,709 52,900,585 33,972,731 18,927,854 (34,489,709) (52,900,585) (33,823,625) 19,076,960 OTHER FINANCING SOURCES Proceeds from bond issuance Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending $ 40,930,000 110,867,375 108,722,246 (2,145,129) 40,930,000 110,867,375 108,722,246 (2,145,129) 6,440,291 567,430 7,007,721 57,966,790 567,430 58,534,220 74,898,621 2,595,122 77,493,743 16,931,831 2,027,692 18,959,523 211 $ $ $ 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, 2007 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) EXPENDITURES Capital outlay $ Total expenditures Deficiency of revenues under expenditures 19,550,787 $ 24,929,187 $ 9,239,169 $ 15,690,018 19,550,787 24,929,187 9,239,169 15,690,018 (19,550,787) (24,929,187) (9,239,169) 15,690,018 OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending $ 38,670,475 38,670,475 38,670,475 38,670,475 38,670,475 38,670,475 19,119,688 19,512,311 38,631,999 13,741,288 19,512,311 33,253,599 29,431,306 22,272,534 51,703,840 212 $ $ $ 15,690,018 2,760,223 18,450,241 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, 2007 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) EXPENDITURES Capital Outlay $ Total expenditures Deficiency of revenues under expenditures 71,000,000 $ 60,000,000 $ 53,647,863 $ 6,352,137 71,000,000 60,000,000 53,647,863 6,352,137 (71,000,000) (60,000,000) (53,647,863) 6,352,137 OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending $ 77,315,461 55,128,752 55,128,752 77,315,461 55,128,752 55,128,752 6,315,461 25,128,054 31,443,515 (4,871,248) 25,128,054 20,256,806 1,480,889 19,293,817 20,774,706 213 $ $ $ 6,352,137 (5,834,237) 517,900 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, 2007 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ $ $ Total revenues 4,114 $ 4,114 4,114 4,114 EXPENDITURES Capital outlay Total expenditures Deficiency of expenditures under revenues 35,680,782 48,535,771 27,052,019 21,483,752 35,680,782 48,535,771 27,052,019 21,483,752 (35,680,782) (48,535,771) (27,047,905) 21,487,866 46,989,577 307,419,489 (58,240,485) 307,419,489 (58,240,485) 46,989,577 249,179,004 249,179,004 11,308,795 20,430,290 31,739,085 200,643,233 20,430,290 221,073,523 222,131,099 20,242,907 242,374,006 OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending $ 214 $ $ $ 21,487,866 (187,383) 21,300,483 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, 2007 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ Total revenues 3,300,000 $ 6,950,000 $ 6,807,689 $ (142,311) 3,300,000 6,950,000 6,807,689 (142,311) 7,954,616 11,918,949 6,532,251 5,386,698 7,954,616 11,918,949 6,532,251 5,386,698 (4,654,616) (4,968,949) 275,438 5,244,387 179,000 1,859,000 (1,385,321) 235,933 (1,385,321) (1,623,067) 179,000 473,679 (1,149,388) (1,623,067) (4,475,616) 8,971,769 4,496,153 (4,495,270) 8,971,769 4,476,499 (873,950) 9,132,993 8,259,043 3,621,320 161,224 3,782,544 EXPENDITURES Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources (uses) Net change in fund balances Fund balance – beginning Fund balance – ending $ 215 $ $ $ 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, 2007 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes $ Miscellaneous Total revenues 493,683 $ 2,050,718 $ 1,938 934,654 $ 1,938 (1,116,064) 493,683 2,050,718 936,592 (1,114,126) 1,003,000 3,525,240 3,206,859 318,381 1,003,000 3,525,240 3,206,859 318,381 (509,317) (1,474,522) (2,270,267) (795,745) 1,560,393 1,560,393 1,053,014 1,217,018 (507,379) 1,217,018 1,560,393 1,560,393 2,270,032 709,639 1,051,076 7,230,880 8,281,956 85,871 7,230,880 7,316,751 (235) 9,815,141 9,814,906 (86,106) 2,584,261 2,498,155 EXPENDITURES Capital outlay Total expenditures Deficiency of expenditures under revenues OTHER FINANCING SOURCES Transfers in Loan proceeds Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending $ 216 $ $ $ 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, 2007 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 39,510,191 $ Miscellaneous Total revenues 40,064,199 6,145,176 $ 39,089,704 166,347 $ (974,495) (5,978,829) 39,510,191 46,209,375 39,256,051 (6,953,324) 119,194,034 119,116,950 100,675,401 18,441,549 119,194,034 119,116,950 100,675,401 18,441,549 (79,683,843) (72,907,575) (61,419,350) 11,488,225 66,383,561 66,383,561 66,263,032 66,263,032 66,263,032 66,263,032 (13,300,282) 29,249,892 15,949,610 (6,644,543) 29,249,892 22,605,349 4,843,682 32,140,514 36,984,196 EXPENDITURES Capital outlay Total expenditures Deficiency of expenditures under revenues OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending $ 217 $ $ $ 11,488,225 2,890,622 14,378,847 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects For the Fiscal Year Ended June 30, 2007 Budgeted Amounts Original Actual Amounts Final Variance with Final Budget GENERAL GOVERNMENT County Improvement Central Court Building $ Durango Animal Care & Control Downtown Consolidated Justice Court $ 5,000,000 2,919,950 999,953 999,953 One West Madison Project Reserve 91,058 Public Health Clinic Southeast Consolidated Justice Court Southwest Consolidated Justice Court Total County Improvement $ 71,272 405,235 1,002,896 San Tan Consolidated Justice Court $ 9,650,000 Court Tower Human Services Campus 9,594,000 $ 9,522,728 2,080,050 1,800,000 33,617 1,766,383 2,903,410 2,776,300 127,110 3,150,000 3,084,311 65,689 91,058 91,058 275,000 205,943 183,100 22,843 4,144,765 8,967,309 8,694,408 272,901 17,300,000 1,620,755 5,311,110 13,655,556 2,569,720 11,430,607 2,741,390 2,224,949 34,489,709 $ 1,901,324 $ 51,678,339 $ 8,751,324 $ 32,763,238 $ 18,915,101 3,701,553 $ 5,049,771 Intergovernmental Capital Projects Buckeye Hills Shooting Range $ Downtown Consolidated Justice Court 2,594,765 2,594,765 McDowell Track Comfort Station 179,000 263,100 Project Reserve 238,602 238,602 Environmental Services Building 71,158 San Tan Consolidated Justice Court 71,158 235,933 27,167 238,602 1,600,000 1,440,925 Southwest Consolidated Justice Court Total Intergovernmental Capital Projects 2,594,765 $ 7,954,616 $ 11,918,949 $ 8,100,000 $ 6,532,251 $ 5,386,698 $ 8,100,000 General Fund County Improvements Buckeye Hills Shooting Range $ $ Chambers Building Court Tower 10,600,000 10,554,122 45,878 800,000 775,282 24,718 Downtown Consolidated Justice Court 3,233,324 5,302,637 4,091,267 1,211,370 Entry Stations, Monuments & Restrooms 1,563,341 1,563,332 1,458,435 104,897 Estrella Campground Design 150,000 99,000 74,278 24,722 Estrella Mountain Irrigation System 620,000 625,992 622,974 3,018 639,912 362,537 277,375 1,071,086 Human Services Campus Maricopa Regional Trail System 1,541,000 1,545,159 474,073 McDowell Track Comfort Station 61,408 61,408 61,408 Northeast Superior Court/Justice Court Expansion 41,245 6,866 6,866 Northwest Consolidated Justice Courts 87,957 87,957 87,957 Parks System Master Plan 485,200 485,200 200,923 Playground Shade Structures 589,050 362,129 362,129 Project Reserve 191,645 191,645 Restroom Projects Phase 3 1,662,100 1,662,100 San Tan Consolidated Justice Court 4,107,737 256,562 256,562 100,000 8,286,251 6,375,348 Security Building Southwest Consolidated Justice Court 191,645 286,196 1,375,904 1,910,903 13,659,075 Usery Mountain Water System Visitor Centers & Amphitheaters Vulture Mountain Total General Fund County Improvements 284,277 $ 645,000 690,000 681,898 8,102 6,842,700 100,000 7,069,621 100,000 414,587 6,655,034 100,000 35,680,782 218 $ 48,535,771 $ 27,052,019 $ 21,483,752 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) For the Fiscal Year Ended June 30, 2007 Budgeted Amounts Final Original Actual Amounts Variance with Final Budget CRIMINAL JUSTICE FACILITES 4th Avenue Jail Juvenile Durango Lower Buckeye Jail Madison Street Jail Renovation Total Criminal Justice Facilities $ $ 1,000,000 7,995,522 1,000,000 9,555,265 19,550,787 $ $ $ 1,560,000 $ 400,000 14,497,078 600,000 9,432,109 24,929,187 $ 4,744,000 149,000 10,000 8,000 6,000 7,000 750,000 17,000 5,418,000 3,097,000 2,250,000 3,304,000 5,000 2,697,000 21,000 15,000 15,235,000 38,000 664,000 $ $ 36,708 8,993,646 178,910 29,905 9,239,169 $ 4,667,721 83,577 1,876 71 405 5,323 747,125 9,847 4,759,982 3,094,160 2,183,536 $ $ 363,292 5,503,432 421,090 9,402,204 15,690,018 PUBLIC SAFETY ACDC ADMP Adobe Dam ADMP Agua Fria River Flow Easement Aguila ADMP Buckeye #1 Buckeye/Sun Valley ADMP Cave Buttes Dam Cave Creek/Carefree ADMP Durango ADMP East Maricopa Floodway East Mesa ADMP Fcpr - Project Reserves (Flood) Gilbert/Chandler ADMP Glendale/Peoria ADMP Hassayampa River Higley ADMP Maryvale ADMP Mcmicken Dam Metro ADMP None Project Paradise Vly, Scottsdale,Phx Queen Creek ADMP S Phoenix Drainage Improvement Salt/Gila River Saltriver Upstream Indian Bend Scatter Wash Channel Skunk Creek Skunk Creek/New River Spook Hill ADMP Spook Hill Frs Town Of Guadalupe Upper Indian Bend Wash Area Upper New River White Tanks ADMP White Tanks Dam #4 Wickenburg ADMS Total Public Safety 10,000 8,833,000 2,604,000 2,827,000 1,035,000 8,755,000 15,350,000 100,000 1,510,000 3,960,000 484,000 4,995,000 1,693,000 10,000 45,000 82,000 2,300,000 81,000 $ 13,279,000 220,000 1,267,000 71,000,000 219 $ 811,000 694,000 854,000 39,000 105,000 6,000 1,077,000 28,000 673,000 88,000 1,000 5,000 34,000 14,858,000 15,000 2,277,000 60,000,000 $ 55 2,566,942 4,629 12,384 15,066,739 31,851 620,985 76,279 65,423 8,124 7,929 5,595 1,677 2,875 7,153 658,018 2,840 66,464 3,304,000 4,945 130,058 16,371 2,616 168,261 6,149 43,015 753,126 551,066 751,321 34,046 101,593 7,807 1,075,576 (64,876) 679,531 78,257 124 55 28,580 13,973,914 1,980 1,818,555 53,647,863 57,874 142,934 102,679 4,954 3,407 (1,807) 1,424 92,876 (6,531) 9,743 876 4,945 5,420 884,086 13,020 458,445 6,352,137 $ Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) For the Fiscal Year Ended June 30, 2007 Budgeted Amounts Final Original Actual Amounts Variance with Final Budget HIGHWAYS AND STREETS 115th Ave Bridge At Gila River 43rd Ave: Southern To Broadway 51st Ave: Santa Cruz-Gric Bdry 51st Ave:Broadway-Baseline 67th Ave:Pinnacle P - Happy V 75th Ave:Mc85 - Van Buren 7th St: Carefree Hwy-Desert Hi 99th Ave At Palmeras Alabama At 111th Ave Alma Sch:Mclellan-Mckellips Apache Bl Bridge/Tempe Canal Aztch Smart Corridors Ph Iii Beardsley Rd @ Agua Fria River Bell Rd At R H Johnson Bell Rd: Sr 303L / Grand Av (ITS) Bell Rd:Sr 303-L101 Its Imp Bethany Home Rd at Dysart Rd Broadway Road at 67th Ave Brown Road at Crismon Road Brown Road at Signal Butte Road Bush Hwy:Usery - Stewart Mtn Camelback At Wigwam Creek Blvd Camelback Rd At Litchfield Rd Camino Del Sol At Spanish Gdn Candidate Assessment Reports Cave Crk "Lone Mt- Crfree Hwy Chand Hgts At Sanoki Wash Chand Hgts:Culver At E Canal Chandler Hts Rd @ 124th St Cotton Lane At Mcdowell Cotton Ln Bridge @ Gila River Deer Valley @ Agua Fria River Deer Valley Rd:83rd - 91st Ave Deer Valley: El Mirage To Lk P 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 East Valley Sig Mod 6 El Mirage: Northern / Bell El Mirage:Beardsley - Lp 303 El Mirage:Bell - Beardsley Ellsworth German -Baseline Ellsworth Rd: Hunt Hwy - Riggs Ellsworth: Hunt To Chndlr Hts Ellsworth:Uiv-Mclellan Estrella Interim Loop 303Ii Fig Springs: New River - Tnf Galivan Pk: Cloud To Joy Rnch General Civil Engineering Gilbert Rd: Loop 202 - Pecos Gilbert Rd:Mcdowell - Sr 87 Honda Bow: 7th Ave To 11th Ave Hunt Hwy At Hawes $ 2,000 10,000 2,946,000 340,000 2,651,000 890,000 650,000 275,000 625,000 501,000 180,000 10,000 1,195,000 80,000 140,000 60,000 295,000 110,000 285,000 1,800,000 1,000 80,000 205,000 60,000 42,800,000 10,000 20,000 40,000 80,000 1,050,000 205,000 70,000 10,000 30,000 65,000 65,000 10,860,000 30,000 70,000 1,504,500 10,000 80,000 500,000 270,000 35,000 865,000 220 $ 2,000 3,110,000 10,000 2,946,000 390,000 2,653,500 650,000 725,000 455,000 70,000 18,000 420,000 90,000 1,565,000 160,000 670,000 9,000 152,500 132,500 132,500 60,000 295,000 110,000 285,000 2,050,000 1,000 355,000 9,000 80,000 385,000 39,800,000 10,000 20,000 90,000 75,000 120,000 1,665,000 255,000 390,000 10,000 100,000 670,000 700,000 15,635,000 630,000 30,000 2,534,500 18,000 10,000 240,000 500,000 815,500 495,000 35,000 1,815,000 $ 174 323,032 334 2,934,697 377,267 2,653,635 515,200 645,488 430,766 270 68 192,893 47,129 1,229,853 70,476 633,276 (3,692) 12,678 33,137 41,441 3,745 259,986 89,336 113,911 2,153,795 176,351 7,923 7,178 341,892 36,172,954 7,914 6,236 47,070 4,939 76,392 1,704,650 163,099 378,883 82,119 608,738 638,001 15,211,732 455,291 55 2,350,882 4,513 243,436 287,639 815,000 431,306 6,114 1,614,359 $ 1,826 2,786,968 9,666 11,303 12,733 (135) 134,800 79,512 24,234 69,730 17,932 227,107 42,871 335,147 89,524 36,724 12,692 139,822 99,363 91,059 56,255 35,014 20,664 171,089 (103,795) 1,000 178,649 1,077 72,822 43,108 3,627,046 2,086 13,764 42,930 70,061 43,608 (39,650) 91,901 11,117 10,000 17,881 61,262 61,999 423,268 174,709 29,945 183,618 13,487 10,000 (3,436) 212,361 500 63,694 28,886 200,641 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) For the Fiscal Year Ended June 30, 2007 Budgeted Amounts Final Original Indian Sch: Litchfield - Dysar Indian School At Old Litchfiel Indian School Rd Sig Mod Low Volume Roads Program Lower Buckeye Rd @ 67th Ave Lp 303:Indian Sch -Clearview Mc 85 At 83/91/99/107&115th Av Mc 85 Est: Sr 85 To Turner Rd Mc 85:107th Ave - 91st Ave Mc 85:91st Ave - 75th Ave Mc 85:Cotton Ln-Estrella Pkwy Mc 85:El Mirage - 115th Ave Mc85 At 119th Ave Mc85 At El Mirage Mc85: Sr85/75th Ave Mc85:Jackrabbit - Perryville Mc85:Perryville - Cotton Ln Mcdowell:Shoulders Widening Mcqueen Rd:Queen Ck-Pecos Meeker At Camino Del Sol Meeker At Trail Rd/Aleppo Mingus At 25th Avenue Ne Maintenance Yard Non-Project Northern Ave @ 107th Ave Northern Ave At El Mirage Rd Northern Ave At Reems Rd Northern Ave: Sr 303 To Grand Ocotillo Rd: Eom - Palo Verde Old Stage: New River - Coyote Old Us 80 Bridge @ Gila River Olive At 103rd Ave Olive At Litchfield Rd Olive At Reems Olive Ave @ Beardsley Canal Olive Ave At 114th Ave Olive Ave At Agua Fria Peoria At Litchfield Rd Pinnacle Pk At 83rd & 91st Ave Pm10 (Ph3) Ne Area Pm10 Program Pm10: (Ph4) In North Valley Pm10: (Ph4) In Se Valley Pm10: (Ph4) In Sw Valley Pm10: Box Bar & Needle Rock Pncl Pk:Lk Pleasnt - 83rd Ave Power Rd: Elliot To Guadalupe Power Rd:Guadalupe - Baseline Previous Year's Projects Project Reserves Account Prop Mgmt / Prior Year Proj Queen Crk Rd:Az Ave - Mcqueen R H Johnson At Meeker R.H. Johnson At Stardust Rainbow Rd Bridge:Buckeye Cnl Riggs Rd At Sonoqui Wash Riggs Rd: Gilbert To Val Vista $ 810,000 60,000 10,000 3,020,000 239,000 2,182,000 2,910,000 180,000 855,000 280,000 220,000 280,000 225,000 440,000 1,320,000 275,000 390,000 507,500 2,040,000 1,000 10,000 525,000 275,000 230,000 1,160,000 92,000 10,000 230,000 940,000 190,000 1,200,000 950,000 400,000 10,000 710,000 450,000 925,000 350,000 8,235,000 50,000 530,000 250,000 90,000 10,000 221 $ 930,000 285,000 10,000 273,377 239,000 198,000 167,500 1,757,000 1,105,000 805,000 960,800 180,000 390,000 166,000 25,000 75,500 85,000 1,527,780 395,000 545,000 115,000 165,500 782,500 550,000 125,000 40,000 1,000 10,000 650,000 320,000 375,000 160,000 122,000 250,000 10,000 685,000 720,000 310,000 525,000 1,630,000 750,000 425,000 140,000 950,000 5,000 790,000 350,000 841,434 50,000 1,930,000 325,000 530,000 150,000 85,000 10,000 Actual Amounts $ 962,885 278,112 2,494 251,690 31,551 52,701 159,020 778,364 399,545 578,432 677,378 108,467 328,909 77,363 689 6,407 5,975 1,527,545 393,823 513,261 31,690 54,020 (257) 735,147 363,229 95,672 22,694 200,000 9,631 521,615 280,872 308,351 241 119,394 102,434 612,836 455,016 264,178 541,550 1,599,084 572,932 361,997 87,847 950,499 223,163 336,643 40,000 82,263 1,600,202 352,435 522,525 126,217 9,946 1,702 Variance with Final Budget $ (32,885) 6,888 7,506 21,687 207,449 145,299 8,480 978,636 705,455 226,568 283,422 71,533 61,091 88,637 24,311 69,093 79,025 235 1,177 31,739 83,310 111,480 257 47,353 186,771 29,328 17,306 (199,000) 369 128,385 39,128 66,649 159,759 2,606 147,566 10,000 72,164 264,984 45,822 (16,550) 30,916 177,068 63,003 52,153 (499) 5,000 566,837 13,357 801,434 (32,263) 329,798 (27,435) 7,475 23,783 75,054 8,298 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) For the Fiscal Year Ended June 30, 2007 Budgeted Amounts Final Original Riggs Road at Power Road Riggs Road at Sossaman Road Riggs: Ellsworth To Meridian Rio Verde Dr: Forest To 136th Row In-Fill/Road Inventory Sys Signal Modernization Sc 1 Signal Modernization Sc/Scw 2 Signal Modernization Scw 3 Signal Modernization Scw 4 Signal Modernization Scw 5 Small Cities Assistance Progra Sonoma At Dysart Special Projects Sr303 At Waddell Sr303 Ramp At Grand Sun City Mill & Overlay: Ph 2 Sun City Mill & Overlay: Ph1 Sun Valley Pkwy Corridor Study Tip Development Traffic Signal Improvement 10 Traffic Signal Improvement 11 Traffic Signal Improvement 12 Traffic Signal Improvement 13 Traffic Signal Improvement 14 Traffic Signal Improvement 15 Traffic Signal Improvement 8 Traffic Signal Improvement 9 Unallocated Force Account Union Hills Drive at 99th Ave Union Hills Multi-Use Path Val Vista: Thomas To Southern Warner Rd At Power Rd Warranted Traffic Improvements Williams Fld At Higley Williams Fld:Gilbert - Lindsay Total Highways and Streets $ $ 405,000 40,000 250,000 10,000 10,000 10,000 10,000 10,000 400,000 295,000 1,000,000 385,000 180,000 3,520,000 500,000 1,274,034 $ 150,000 401,000 275,000 3,000,000 690,000 532,000 119,194,034 222 $ 72,500 72,500 445,000 40,000 610,000 1,015,000 520,000 60,000 10,000 10,000 400,000 355,000 1,000,000 665,000 80,000 20,000 1,156,000 70,500 622,000 10,000 4,500 4,500 4,500 4,500 4,500 10,000 10,000 104,059 62,500 90,000 1,000 550,000 910,000 130,000 342,000 119,116,950 Actual Amounts $ 69,380 38,633 14,462 9,279 348,126 1,004,309 540,568 1,149 484 Variance with Final Budget $ 503,304 324,274 999,892 696,291 48,064 393 1,105,166 5,342 660,208 88 3,066 $ 12,071 61,726 173 485,643 102,072 41,014 276,284 100,675,401 $ 3,120 33,867 430,538 30,721 261,874 10,691 (20,568) 58,851 9,516 10,000 (103,304) 30,726 108 (31,291) 31,936 19,607 50,834 65,158 (38,208) 10,000 4,500 4,500 4,500 4,500 4,500 9,912 6,934 104,059 50,429 28,274 827 64,357 807,928 88,986 65,716 18,441,549 Financial Section Combining and Individual Fund Statements Nonmajor Enterprise Funds Nonmajor Enterprise Funds Maricopa County Listing of Nonmajor Enterprise Funds Enterprise Funds are used to account for operations that are financed and operated in a manner similar to private enterprises where the intent of the County is that the costs of providing goods and services to the general public on a continuing basis be financed through user charges. This allows for the evaluation of these funds on the same basis as investor-owned enterprises in the same industry. 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. 225 Maricopa County Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets Nonmajor Enterprise Funds For the Fiscal Year Ended June 30, 2007 MARICOPA HEALTH PLAN ALTCS OPERATING REVENUES Charges for services Miscellaneous Total operating revenues $ OPERATING EXPENSES Medical services Total operating expenses Operating income NONOPERATING EXPENSES Interest expense Total nonoperating expenses $ $ 1,878,307 166,873 2,045,180 242,670 242,670 420,482 420,482 854,351 770,347 1,624,698 (112,612) (112,612) 795,973 Transfers in Transfers out Change in net assets 908,814 104,203 1,013,017 177,812 177,812 (58,378) (58,378) Income before transfers Total net assets – beginning, as restated Total net assets – ending 969,493 62,670 1,032,163 TOTAL 657,735 1,723,466 (2,788,184) (268,745) 3,215,410 (9,314,078) (4,644,960) 4,376,215 $ 226 1,453,708 1,491,944 (6,525,894) (4,376,215) 268,745 $ (170,990) (170,990) 4,644,960 $ Maricopa County Combining Statement of Cash Flows Nonmajor Enterprise Funds For the Fiscal Year Ended June 30, 2007 ALTCS CASH FLOWS FROM OPERATING ACTIVITIES Cash receipts from contractors, patients and other payors Payments for goods and services Net cash provided by operating activities $ CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Cash transfers from other funds Cash transfers to other funds Interest payments Premium tax Net cash used for noncapital financing activities 3,898,329 (2,775,233) 1,123,096 MARICOPA HEALTH PLAN $ 1,656,148 (2,788,184) (58,378) 67,318 (1,123,096) 8,102,918 (2,956,356) 5,146,562 TOTAL $ 1,361,941 (6,525,894) (112,612) 130,003 (5,146,562) 12,001,247 (5,731,589) 6,269,658 3,018,089 (9,314,078) (170,990) 197,321 (6,269,658) Net increase in cash and cash equivalents Cash and cash equivalents, July 1, 2006 Cash and cash equivalents, June 30, 2007 $ RECONCILIATION OF OPERATING LOSS TO NET CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES Operating income Changes in assets and liabilities: Accounts receivable Prepaids Accounts payable Accrued liabilities Due to other County funds Medical claims payable Net cash provided by operating activities 227 $ $ $ 854,351 2,866,166 993,790 (73,828) (78,408) (1,428,750) (2,010,225) 1,123,096 $ $ 770,347 $ 7,089,901 3,312,074 336,321 (233,732) (5,650,602) (477,747) 5,146,562 $ 1,624,698 $ 9,956,067 4,305,864 262,493 (312,140) (7,079,352) (2,487,972) 6,269,658 228 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. 231 Maricopa County Combining Statement of Net Assets All Internal Service Funds June 30, 2007 Equipment Services Telecommunications Reprographics ASSETS Current assets: Cash in bank and on hand $ Cash and investments held by County Treasurer 900 $ 265,419 200 $ 8,334,161 Accrued interest receivable 795,498 39,570 Inventories 406,777 79,167 673,096 8,453,098 Prepaids Miscellaneous Total current assets 795,498 Noncurrent assets: Capital assets: Buildings and improvements 323,649 Machinery and equipment 1,798,593 (1,568,664) Less accumulated depreciation 7,530,686 (3,884,021) 997,553 (541,108) Total noncurrent assets 229,929 3,970,314 456,445 Total assets 903,025 12,423,412 1,251,943 LIABILITIES Current liabilities: Accounts payable 661,729 903,983 59,775 Employee compensation payable 282,564 294,342 60,441 Accrued liabilities Due to other funds Leases payable 54,501 Liability for reported and incurred but not reported claims (current portion) Total current liabilities 944,293 1,252,826 120,216 944,293 1,252,826 120,216 229,929 (271,197) (41,268) 3,915,813 7,254,773 11,170,586 456,445 675,282 1,131,727 Noncurrent liabilities: Liability for reported and incurred but not reported claims Total noncurrent liabilities Total liabilities NET ASSETS Invested in capital assets, net of related debt Unrestricted (deficit) Total net assets (deficit) $ 232 $ $ Employee Risk Management $ 100 Benefits Trust $ 3,327,456 31,361,811 41,047,061 204,329 273,331 Sheriff Warehouse $ Total $ 517,230 1,118,123 1,617,304 238,215 1,136,651 33,183,544 46,022,714 3,328,656 81,803,950 1,604,067 1,855,519 1,136,651 1,118,123 90,246,073 323,649 86,951 (75,994) 10,413,783 (6,069,787) 10,957 4,667,645 33,194,501 46,022,714 1,118,123 94,913,718 1,332,075 6,864,396 40,457 9,862,415 145,655 145,894 928,896 564,623 1,905 566,528 560,314 560,314 54,501 21,717,037 2,206,068 23,194,767 9,780,981 23,923,105 602,676 35,895,759 36,012,982 36,012,982 36,012,982 36,012,982 59,207,749 10,957 (26,024,205) $ (26,013,248) $ 9,780,981 602,676 71,908,741 36,241,733 36,241,733 515,447 515,447 4,613,144 18,391,833 23,004,977 $ $ 233 Maricopa County Combining Statement of Revenues, Expenses, and Changes in Net Assets All Internal Service Funds For the Fiscal Year Ended June 30, 2007 Equipment Services Telecommunications Reprographics OPERATING REVENUES Charges for services $ Miscellaneous 15,497,012 16,409 $ 20,630,652 7,085 $ 914,404 15,513,421 20,637,737 914,404 Personal services 3,133,897 2,895,772 505,233 Supplies 9,635,998 3,056,343 199,428 527,563 1,942,556 59,254 Total operating revenues OPERATING EXPENSES Other services Legal Insurance Leases and rentals 5,457 2,638,021 Repairs and maintenance 587,709 1,434,455 Travel and transportation 2,487 1,973 126,552 141,225 5,573,664 723,500 74,164 14,160,888 18,266,284 961,211 1,352,533 2,371,453 (46,807) (72,235) 236,721 (2,800) (72,235) 233,921 1,280,298 2,605,374 Utilities Depreciation Total operating expenses Operating income (loss) 123,132 NONOPERATING REVENUES (EXPENSES) Investment income Interest expense Total nonoperating revenues (expenses) Income (loss) before contributions Capital contributions 5,431 (586,746) Transfers out Change in net assets 1,285,729 2,018,628 Total net assets (deficit) – beginning (1,326,997) 9,151,958 Total net assets (deficit) – ending (46,807) $ (41,268) 234 $ 11,170,586 (46,807) 1,178,534 $ 1,131,727 Employee Risk Management $ 26,000,000 387,373 Benefits Trust $ 23,269,666 57,286 26,387,373 23,326,952 1,532,684 145,894 Sheriff Warehouse $ $ 89,188,642 468,153 2,876,908 89,656,795 2,569,413 15,737,989 352,308 4,564,061 8,213,480 276,807 1,028,145 2,876,908 Total 654,235 8,934,567 8,934,567 21,272,411 16,048,097 37,320,508 2,643,478 2,145,296 4,460 5,700,216 950,639 11,750 33,056,364 16,848,226 2,921,721 86,214,694 (6,668,991) 6,478,726 (44,813) 3,442,101 1,489,147 1,603,022 3,328,890 (75,035) 1,489,147 1,603,022 3,253,855 (5,179,844) 8,081,748 (44,813) 6,695,956 5,431 (586,746) $ (5,179,844) 8,081,748 (44,813) 6,114,641 (20,833,404) 28,159,985 560,260 16,890,336 (26,013,248) $ 36,241,733 $ 515,447 235 $ 23,004,977 Maricopa County Combining Statement of Cash Flows All Internal Service Funds For the Fiscal Year Ended June 30, 2007 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 $ 15,497,012 Telecommunications $ 16,409 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Advances from General Fund Interest payments Loan payments to General Fund Net cash provided by (used for) noncapital financing activities 20,630,652 Reprographics $ 914,404 7,085 (10,940,962) (3,129,593) (14,129,500) (2,859,034) (385,626) (499,870) 1,442,866 3,649,203 28,908 (72,235) (1,105,212) (1,177,447) CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Acquisition of capital assets Capital lease payments Interest payments on long-term debt Net cash used for capital and related financing activities (1,571,604) (50,602) (98,929) (2,800) (1,673,333) CASH FLOWS FROM INVESTING ACTIVITIES Interest and dividends Net cash provided by investing activities (50,602) 218,369 218,369 Net increase (decrease) in cash and cash equivalents Cash and cash equivalents, July 1, 2006 Cash and cash equivalents, June 30, 2007 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 Capital contributions Capital assets transferred from governmental activities Accumulated depreciation transferred to governmental activities Capital assets transferred to governmental activities 2,194,239 (21,694) 900 6,140,122 817,192 $ 266,319 $ 8,334,361 $ 795,498 $ 1,352,533 $ 2,371,453 $ (46,807) 141,225 $ Net cash provided by (used for) operating activities 265,419 $ 723,500 (53,419) 8,099 (1,777) 509,413 (3,812) 4,304 36,738 5,363 1,442,866 $ 134,923 $ 3,649,203 (134,923) (5,431) 5,431 586,746 (586,746) 236 74,164 $ 28,908 Employee Benefits Trust Risk Management $ 26,000,000 $ 387,373 24,243,653 Sheriff Warehouse $ 2,876,908 Total $ 57,286 (29,646,425) (1,515,105) (10,361,188) (4,774,157) 13,939,751 90,162,629 468,153 (2,915,680) (68,379,381) (8,003,602) (38,772) 14,247,799 560,314 560,314 (521,542) (72,235) (1,626,754) 38,772 (1,138,675) (1,622,206) (98,929) (2,800) (1,723,935) 1,479,785 1,474,277 3,172,431 1,479,785 1,474,277 3,172,431 (3,294,372) 15,414,028 14,557,620 34,656,283 28,960,489 70,574,986 $ 31,361,911 $ 44,374,517 $ $ (6,668,991) $ 6,478,726 $ (44,813) $ 85,132,606 $ 3,442,101 11,750 950,639 3,164,708 3,164,708 68,833 133,413 23,513 16,089 149,502 973,987 (81,534) 17,579 (4,774,157) (62,979) 7,216,305 145,894 209,878 33,978 (565,917) (1,351,082) $ 973,987 6,856,994 $ 13,939,751 187 $ (38,772) 34,165 (1,916,999) $ $ 14,247,799 134,923 (134,923) (5,431) 5,431 586,746 (586,746) 237 238 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. 241 Maricopa County Statement of Changes in Assets and Liabilities Agency Fund For the Fiscal Year Ended June 30, 2007 Balance Balance Additions July 1, 2006 Deductions June 30, 2007 SPECIAL PURPOSE Assets Cash in bank and on hand Cash and investments held by County Treasurer Total assets $ 43,919,767 15,320,889 $ $ 6,895,769 15,320,889 $ 37,023,998 $ 59,240,656 $ $ 22,216,658 $ 37,023,998 Liabilities Deposits held for other parties Total liabilities $ 59,240,656 $ $ 22,216,658 $ 37,023,998 $ 59,240,656 $ $ 22,216,658 $ 37,023,998 242 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. 246 Net Assets by Component Changes in Net Assets Fund Balances, Governmental Funds Changes in Fund Balances, Governmental Funds Revenue Capacity 252 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 257 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 260 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 262 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 245 Maricopa County Net Assets by Component Last Six 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 2006-07 $ 2,443,905,934 $ 2,488,280,795 345,147,265 437,856,827 Governmental activities Invested in capital assets, net of related debt Restricted 561,333,573 686,000,889 $ 3,350,386,772 $ 3,612,138,511 $ $ Unrestricted Total governmental activities net assets Business-type activities Invested in capital assets, net of related debt 1,253,947 1,860,630 7,556 7,691 (4,568,970) (3,486,686) (3,307,467) (1,618,365) $ 2,445,159,881 $ 2,490,141,425 Restricted 345,154,821 437,864,518 Unrestricted 556,764,603 682,514,203 $ 3,347,079,305 $ 3,610,520,146 Restricted Unrestricted Total business-type activities net assets $ Primary government Invested in capital assets, net of related debt Total primary government net assets 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. 246 Maricopa County Changes in Net Assets Last Six Fiscal Years (accrual basis of accounting) Fiscal Year 2002-03 2001-02 2003-04 2004-05 2005-06 2006-07 Expenses Governmental activities: General government (1) Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Interest on long-term debt $ 133,357,097 490,943,644 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 $ 176,430,887 685,762,001 63,014,453 439,784,002 33,068,497 18,397,229 7,827,876 $ 185,628,267 782,136,857 70,418,156 433,776,254 32,596,971 20,220,846 7,763,995 $ 211,473,080 864,907,381 132,992,498 464,255,008 36,196,645 15,687,335 6,254,330 Total governmental activities expenses 1,034,672,245 1,130,811,778 1,199,118,770 1,424,284,945 1,532,541,346 1,731,766,277 340,556,596 366,425,283 371,991,804 168,986,980 93,168,287 241,654,207 109,142,148 232,991,015 167,346,474 273,164,762 132,314,013 252,178,102 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 99,105,695 334,354 591,472 925,826 $1,777,458,021 $1,915,990,977 $2,095,696,224 $2,007,675,372 $1,631,647,041 $1,732,692,103 $ $ $ $ $ $ Business-type activities: Medical Center AHCCCS — Acute Health Care program AHCCCS— 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 Total governmental activities program revenues Business-type activities: Charges for services: Medical Center AHCCCS — Acute Health Care program AHCCCS— ALTCS program Non-AHCCCS health care programs (Senior Select) Solid Waste Management Other business-type activities Operating grants and contributions Capital grants and contributions Total business-type activities program 40,048,082 56,657,239 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 39,017,299 425,813,513 484,465,367 459,300,708 588,850,893 291,946,393 334,310,122 380,554,715 158,640,394 100,104,747 252,343,614 115,846,532 240,083,167 138,274,739 234,370,191 117,680,705 220,784,342 64,169,238 70,518,591 59,656,677 44,860 6,272,958 106,470 6,959,432 21,213,776 2,501,372 19,944 520,840,533 45,332,986 102,807,289 12,380,453 33,726,958 9,378,993 82,561 393,375,512 42,537,895 34,852,251 95,402,079 12,756,421 36,933,502 4,213,017 818,977 443,607,678 47,256,549 639,622,647 675,840,474 29,801,116 53,842,048 908,814 969,493 360,864 667,376 84,004,028 2,545,683 $ 678,386,157 714,881,810 767,824,314 230,389 6,681,898 9,833 819,778,442 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 $ (608,858,732) (27,903,966) $ (646,346,411) (17,354,885) $ (739,818,062) (76,799,012) $ (835,464,052) (62,549,894) $ (892,918,699) (15,101,667) $(1,055,925,803) 1,619,857 Total primary government net expense $ (636,762,698) $ (663,701,296) $ (816,617,074) $ (897,983,946) $ (908,020,366) $ (1,054,305,946) 247 Maricopa County Changes in Net Assets (Continued) Fiscal Year 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 General Revenues and other Changes in Net Assets Governmental activities: Taxes Property taxes, levied for general purposes Property taxes, levied for Flood Control District Property taxes, levied for Library District Property taxes, levied for debt service Share of state sales taxes Sales tax – Jail construction and operation Surcharge tax – Stadium District Vehicle license tax Grants and contributions not restricted to specific programs Unrestricted investment earnings $ 269,753,187 $ 295,627,499 $ 328,580,647 $ 357,712,304 $ 388,190,146 $ 413,294,370 44,775,297 44,302,535 50,702,924 56,093,885 61,763,471 65,513,238 9,690,800 20,250,715 325,728,202 10,369,080 19,708,786 330,260,143 14,414,827 19,267,865 358,056,954 15,796,618 17,366,792 18,390,885 397,712,843 457,785,985 480,411,950 98,177,716 5,407,664 106,115,829 98,932,138 5,240,032 110,603,659 107,441,209 5,556,717 116,054,332 119,143,064 6,024,355 122,637,827 137,876,660 6,498,814 138,003,052 145,389,597 6,288,093 143,543,618 8,700,138 1,725,495 1,775,295 1,813,162 1,858,155 1,844,364 29,404,833 16,507,950 8,626,732 20,995,575 29,479,569 55,405,747 13,346,055 21,601,858 13,558,451 10,346,066 Gain on disposal of capital assets (1) Miscellaneous 10,627,773 3,061,600 3,915,244 (25,752,045) (16,531,668) (58,278,148) 902,880,109 933,153,304 977,716,456 1,065,144,250 1,208,945,555 1,346,526,596 Unrestricted investment earnings 6,359,401 2,594,524 796,848 1,002,779 447,790 684,104 Gain (loss) on disposal of capital assets (103,280) 6,883 Miscellaneous Special item – loss on closure of business activity 1,972,145 12,914 169,932 (6,098,668) Transfers Total governmental activities 4,262,227 (37,047,610) (43,435,540) 6,098,668 Business-type activities: Transfers Total business-type activities Total primary government (108,765,405) 25,752,045 16,531,668 58,278,148 37,047,610 43,435,540 33,980,311 19,126,192 59,074,996 (70,715,016) 43,903,127 $ 936,860,420 $ 952,279,496 $1,036,791,452 $ 994,429,234 $1,252,848,682 $1,341,281,964 $ 294,021,377 $ 286,806,893 $ 237,898,394 $ 229,710,198 $ 316,026,856 $ 290,600,793 6,076,345 1,771,307 $ 300,097,722 $ 288,578,200 (5,244,632) Change in Net Assets Government activities Business-type activities Total primary government (17,724,016) $ 220,174,378 (133,264,910) $ 96,445,288 28,801,460 $ 344,828,316 (3,624,775) $ 286,976,018 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. (1) Beginning fiscal year 2007, general government expenses include loss on disposal of capital assets. This amount was previously shown separately within general revenues on the Statement of Activities. For comparison purposes, for fiscal years 2002, 2005 and 2006, loss on disposal of capital assets was reclassified on this schedule into general government. 248 Maricopa County Fund Balances, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) Fiscal Year 1998-99 1997-98 1999-00 2000-01 2001-02 General Fund Reserved Unreserved Total general fund $ 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 $ 4,416,236 156,786,153 $ 161,202,389 $ 5,083,202 249,039,062 $ 254,122,264 $ $ $ $ $ All Other Governmental Funds Reserved 2,654,738 2,435,938 1,021,537 1,194,925 23,515,381 Unreserved, reported in: Special revenue funds 133,449,337 159,549,660 143,167,692 119,080,975 153,208,886 Capital projects funds 11,519,168 25,130,369 156,797,383 $ 147,623,243 $ 187,115,967 $ 300,986,612 242,663,698 123,383,762 $ 486,323,360 145,345,468 97,344,273 $ 419,414,008 Debt service funds Total all other governmental funds 2002-03 Fiscal Year 2004-05 2003-04 2005-06 2006-07 General Fund Reserved Unreserved Total general fund $ 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 26,503,298 444,964,280 471,467,578 $ 23,602,714 $ 22,460,845 $ 23,388,690 $ $ $ All Other Governmental Funds Reserved 24,618,711 22,498,657 Unreserved, reported in: Special revenue funds 156,611,561 187,646,410 192,187,526 259,363,049 306,244,082 Capital projects funds 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 18,808,809 416,418,506 447,826,380 18,495,336 795,954,488 Debt service funds Total all other governmental funds 249 Maricopa County Changes in Fund Balances, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) Fiscal Year 1998-99 1997-98 1999-00 2000-01 Revenues Taxes $ Licenses and permits 256,680,131 $ 273,423,421 $ 296,029,480 $ 316,624,353 14,882,655 17,067,513 22,187,021 23,688,768 593,963,445 659,408,934 783,237,358 803,712,695 Charges for services 54,295,458 57,287,860 62,026,284 65,836,359 Fines and forfeits 12,460,671 13,426,857 14,583,372 14,908,415 Intergovernmental Special assessment Miscellaneous 143,116,936 46,279,528 49,295,439 65,397,496 Total revenues 1,075,399,296 1,066,894,113 1,227,358,954 1,290,168,086 Expenditures General government Public safety Highway and streets Health, welfare and sanitation 76,045,723 92,526,980 91,629,129 101,678,589 338,229,571 364,823,901 422,453,691 459,487,297 38,787,702 52,048,136 55,450,402 59,803,451 335,143,437 353,141,055 278,987,186 295,158,694 Culture and recreation 10,681,908 13,339,246 15,302,763 16,312,843 Education 10,810,535 13,627,432 17,853,463 16,552,929 Principal 21,082,227 22,805,407 23,808,586 24,091,044 Interest 11,960,101 10,279,203 7,908,121 7,677,328 Debt service Other 215,297,901 149,600,384 181,400,888 229,743,778 1,058,039,105 1,072,191,744 1,094,794,229 1,210,505,953 17,360,191 (5,297,631) 132,564,725 79,662,133 Transfers in 103,198,973 112,033,812 259,159,435 321,948,526 Transfers out (39,208,492) (44,192,804) (268,494,193) (342,528,925) 2,976,609 11,320,208 4,542,153 83,236 617,869 67,050,326 79,779,085 Capital outlay Total expenditures Excess of revenues over (under) expenditures Other financing sources (uses) Capital lease agreements Proceeds from bond issuance 165,830 111,095,706 Premium on refunding bonds Payment to escrow agent Loan Proceeds Total other financing sources (uses) Net change in fund balances $ 84,410,517 $ 74,481,454 (4,792,605) $ 127,772,120 90,681,137 $ 170,343,270 Debt service as a percentage of non capital expenditures 3.9% 3.6% 250 3.5% 3.2% Fiscal Year 2001-02 $ 343,037,203 2002-03 $ 474,876,462 2003-04 $ 524,751,335 $ 556,751,810 2005-06 $ 601,231,444 2006-07 $ 640,375,614 26,106,311 28,192,974 31,629,382 34,765,632 42,266,662 40,078,842 831,668,101 745,697,718 778,964,259 904,156,166 1,025,737,248 1,105,841,984 68,770,386 66,499,607 71,682,924 74,735,757 86,925,888 87,668,832 15,776,099 16,326,795 17,166,377 21,855,377 23,366,008 31,641,869 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 3,929,786 105,465,489 1,355,237,417 1,395,118,276 1,476,753,864 1,652,639,763 1,852,887,554 2,015,002,416 99,265,465 114,241,982 118,226,772 130,064,711 131,031,069 173,121,467 481,843,123 493,435,114 563,716,985 636,868,683 733,244,452 813,297,449 55,240,772 44,226,114 41,549,321 48,811,843 47,763,048 56,087,569 311,510,932 331,752,530 331,028,006 437,845,805 430,614,292 461,668,854 17,651,564 19,388,797 19,587,482 22,146,913 24,625,293 28,283,735 16,560,263 17,268,012 18,815,487 18,014,621 18,885,218 15,218,331 39,618,137 34,071,393 35,159,141 15,677,059 18,780,267 16,297,518 10,271,627 10,423,785 8,828,297 8,592,525 8,497,208 6,030,238 1,179,102 294,010,771 315,588,133 266,757 248,465,695 11,870 205,929,785 17,508 232,922,515 1,460,467 301,383,004 1,327,151,756 1,380,395,860 1,385,643,943 1,523,963,815 1,646,380,870 1,872,848,632 28,085,661 14,722,416 91,109,921 128,675,948 206,506,684 142,153,784 243,650,675 386,029,678 295,868,643 346,549,747 314,004,599 791,514,765 (269,402,720) (402,561,346) (358,012,976) (395,058,179) (357,440,139) (785,416,097) 6,333,484 8,384,655 9,395,689 25,720,244 15,598,262 12,000,000 3,000,000 140,940,000 (10,605,000) (34,414,011) 1,217,018 (41,644,851) 141,158,007 9,843,870 4,321,656 78,450,670 3,541,257 457,156 (77,980,850) (12,353,671) (11,897,098) $ 2004-05 16,188,563 4.9% (12,210,012) $ 2,512,404 4.2% 1,596,088 (52,109,102) $ 39,000,819 3.9% (28,123,777) $ 100,552,171 1.8% 251 $ 164,861,833 1.9% $ 283,311,791 1.5% Maricopa County Tax Revenues by Source, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) Fiscal Year 1997-98 $ General State Vehicle Highway Baseball Property Taxes Sales Tax License Tax User Fuel Tax Stadium Tax 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 1999-00 296,029,480 309,009,200 94,431,066 77,317,632 386,396 258,303 2000-01 316,624,353 322,429,593 100,019,454 78,243,269 278,259 2001-02 343,037,203 325,728,202 106,115,829 78,285,210 128,498 2002-03 370,704,292 330,260,143 110,603,659 82,153,376 96,555 2003-04 411,753,409 358,056,954 123,937,327 86,598,735 84,018 2004-05 431,584,391 397,712,843 130,947,139 90,566,135 61 2005-06 456,855,970 457,785,985 147,366,085 96,972,512 5,294 2006-07 468,697,924 480,411,950 153,262,719 107,593,116 1,938 90.4% 86.5% 124.4% 59.6% Change 1998-2007 Rental Fiscal Year 1997-98 Street Car Surcharge $ Jail Tax 5,387,983 1998-99 5,428,828 1999-00 (100)% Lighting Assessments N/A $ $ 2,799,824 Total Revenues $ 700,467,377 41,480,614 2,809,062 759,754,876 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 2006-07 6,286,155 145,389,597 3,929,786 1,385,573,185 Change 1998-2007 16.7% 250.5% 40.4% 97.8% 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. 252 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 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 2006-07 34,922,001 1,372,693 36,294,694 1.4348 301,474,323 12.0 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. 253 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 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 2006-07 1.1794 0.0000 0.2047 0.0507 1.4348 Overlapping Rates Central Arizona State Fiscal Year of Arizona Water Other Community Education Equalization Conservation District Special Districts College District School Districts Cities 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 0 - 3.8600 (1) 1.0372 1.0947 - 14.3477 0 - 2.4060 2005-06 0.0000 0.4358 0.1200 0 - 3.8600 1.0315 (1) 1.0182- 14.3301(1) 0 - 2.4275 (1) 2006-07 0.0000 0.0000 0.1200 0 - 3.8600 1.0646 0.8765 - 14.7188 0 - 2.9666 Source: Maricopa County Department of Finance – Property Tax Division. All tax rates are per $100 assessed valuation. (1) Data updated in fiscal year 2007. 254 Maricopa County Principal Property Tax Payers Current Year and Nine Years Ago 2006-07 1997-98 Percentage of Percentage of Total County Secondary Valuation Taxpayer Arizona Public Service Secondary Valuation 830,340,999 Assessed Value 1 5.28% 1 2.69% 518,745,464 2 1.41 Qwest Corporation 363,129,912 3 0.99 Southwest Gas Corporation 159,660,774 4 0.43 92,575,858 8 0.59 Southern California Edison Co. 155,928,213 5 0.42 262,149,091 3 1.67 El Paso Electric Co. 134,412,281 6 0.37 261,846,108 4 1.67 Intel Corporation 113,088,175 7 0.31 25,407,286 16 0.16 Cox Communications 110,414,096 8 0.30 Wal-Mart Stores, Inc 85,044,078 9 0.23 Target Corporation 76,724,910 10 0.21 Public Service Company of New Mexico 76,668,041 11 0.21 141,649,915 6 0.90 Safeway, Inc. 75,795,857 12 0.21 Wells Fargo Bank 66,322,076 13 0.18 Southern California Public Power Authority 59,826,579 14 0.16 97,996,826 7 0.62 Scottsdale Fashion Square Partnership 58,605,216 15 0.16 24,498,727 17 0.16 Mesquite Power LLC 55,772,536 16 0.15 Panda Gila River, LP 51,158,695 17 0.14 Freescale Semiconductor Inc. 44,037,852 18 0.12 ABS SW Investor LLC 42,651,131 19 0.12 Sheraton Phoenician 40,968,113 20 0.11 2.08 US West New Vector Group, Inc. $ Rank 992,021,508 Salt River Project $ Rank Total County Assessed Value 327,113,265 2 177,848,495 5 1.13 Los Angeles Dept of Water & Power 71,055,250 9 0.45 AT&T 43,302,972 10 0.28 First American Tax Valuation 30,006,495 11 0.19 0.19 Motorola, Inc. Equity Residential Properties 29,986,427 12 Phoenix Newspapers, Inc. 29,912,818 13 0.19 Southwest Co. Wireless LP 28,878,199 14 0.18 MLH Investors 28,222,850 15 0.18 MONY Ptc/PSM Prop 22,791,354 18 0.14 McDonnell Douglas Realty & Helicopter 21,251,225 19 0.14 Shorenstein Co./Realty Investors LP 20,274,735 20 0.13 Total Principal Taxpayers $ 3,280,975,507 Countywide Secondary Valuation $36,813,439,065 8.91% $ 2,567,108,895 $ 15,723,498,194 Source: Maricopa County Treasurer’s Office. 255 16.33% 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 1997-98 Total Collections to Date County Tax $ Collections Amount Percentage of Levy 98.29% In Subsequent Years 239,451,425 $ 235,367,920 239,631,984 100.08% 257,557,253 251,828,489 97.78 5,716,973 257,545,462 100.00 1999-00 279,978,758 272,985,725 97.50 6,956,014 279,941,739 99.99 2000-01 302,546,405 293,824,613 97.12 8,684,868 302,509,481 99.99 2001-02 327,717,255 315,788,529 96.36 11,681,622 327,470,151 99.92 2002-03 352,679,730 341,135,608 96.73 11,005,629 352,141,237 99.85 2003-04 392,827,196 383,224,353 97.56 9,088,019 392,312,372 99.87 2004-05 411,881,140 402,111,242 97.63 9,474,230 411,585,472 99.93 12,339,096 450,780,153 99.90 469,107,028 96.88 451,253,280 438,441,057 97.16 2006-07 484,223,277 469,107,028 96.88 4,264,064 $ Percentage of Levy 1998-99 2005-06 $ Amount 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, 1997-98 County Operating $ 169,045,638 Flood Control District Debt Service $ 21,446,852 $ 42,339,342 County Library $ 6,619,593 Total County $ 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 2005-06 371,224,118 398,725,245 0 62,733,411 17,295,751 451,253,280 0 67,096,622 18,401,410 484,223,277 2006-07 Source: Maricopa County Department of Finance – Property Tax Division. 256 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) 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 $137,215,000 119,045,000 99,910,000 79,595,000 58,370,000 39,515,000 20,165,000 0 0 0 Per Capita (b) 0.87% 0.71 0.53 0.38 0.25 0.16 0.07 0.00 0.00 0.00 47.17 39.62 32.26 24.89 17.71 11.66 5.76 0.00 0.00 0.00 Other Governmental Activities Debt Fiscal Lease Lease Year Ended June 30, Revenue Bonds Trust Certificates 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 $ $ 104,355,000 104,355,000 91,558,756 93,569,383 101,101,501 81,188,067 181,245,043 10,812,000 9,212,000 6,812,000 Stadium Certificates District Rev. Bonds $ 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 47,230,000 Special Assessment $ 546,798 996,939 729,448 589,431 458,977 368,573 343,102 235,458 154,267 103,077 of Participation $ 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 4,715,000 Installment Capital Leases $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 33,039,132 Business -type Activities Fiscal Lease Certificates Installment Total Year Ended June 30, Revenue Bonds of Participation Purchase Agreements (d) Primary Government (c) $ 1,989,402 1,125,158 608,794 3,252,270 2,607,815 2,350,524 1,252,049 0 0 0 $ 248,524,671 221,351,994 199,887,393 303,024,071 285,532,002 245,167,454 203,910,257 184,827,345 162,615,360 273,379,974 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 $ 20,500,000 20,500,000 17,986,244 16,670,618 43,499 36,933 29,957 $ 2,940,289 1,058,574 5,666,171 11,824,853 11,768,519 10,940,368 5,865,000 0 0 0 Percentage of Assessed Property Value (a) 1.58% 1.32 1.07 1.45 1.25 1.00 0.74 0.61 0.49 0.75 Per Capita (b) 85.43 73.66 64.54 94.75 86.61 72.34 58.29 50.80 42.88 69.96 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. 257 Purchase Agreements $ 892,254 546,202 205,765 Maricopa County Legal Debt Margin Information Last Ten Fiscal Years Fiscal Year 1997-98 1998-99 Total net general obligation debt $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 $3,436,970,172 57,596,083 Legal debt margin $2,240,691,786 $ 2,423,282,589 $2,721,929,627 $3,073,452,332 $3,379,374,089 Debt limit 1999-00 2000-01 2001-02 Total net debt applicable to the limit as a percentage of debt limit 5.00% 3.91% 2.84% 1.86% 1.68% Fiscal Year 2002-03 2003-04 2004-05 $ 4,121,698,129 20,165,000 $ 4,510,048,001 $ 4,979,582,760 $ 5,444,204,040 Total net general obligation debt $3,668,557,092 38,792,654 Legal debt margin $3,629,764,438 $ 4,101,533,129 $ 4,510,048,001 $ 4,979,582,760 Debt limit 2005-06 2006-07 5,444,204,040 Total net debt applicable to the limit as a percentage of debt limit 1.06% 0.49% 0% 0% 0% Legal Debt Margin Calculation for Fiscal Year 2006-07 Assessed Value Debt limit (15% of assessed value) $ 36,294,693,601 5,444,204,040 Debt applicable to limit: General obligation bonds Total net debt applicable to limit Legal debt margin $ 5,444,204,040 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. 258 Maricopa County Pledged Revenue Coverage Last Ten Fiscal Years Stadium District Revenue Bonds Net Revenue Available Fiscal Year 1997-98 Gross Revenue $ 7,079,357 For Debt Service (1) $ 9,756,245 Debt Service Requirements Principal Interest Total $ 2,594,815 $ 3,995,066 $ Gross Coverage Net Coverage 148% 6,589,881 107% 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% 2006-07 6,838,436 10,702,495 2,820,000 2,604,374 5,424,374 126% 197% Gross Coverage Net Coverage Special Assessment Bonds Net Revenue Available Fiscal Year 1997-98 Gross Revenue $ 180,180 For Debt Service (1) $ 131,790 Debt Services Requirements Principal Interest Total 251,465 72% 52% 1998-99 352,643 145,149 $ 197,741 269,907 $ 53,724 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% 2006-07 27,874 123,706 51,819 10,019 61,838 45% 200% 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. 259 Maricopa County Demographic and Economic Statistics Last Ten Fiscal Years Fiscal Year 1997-98 Fiscal Year 1998-99 Fiscal Year 1999-00 Fiscal Year 2000-01 Fiscal Year 2001-02 Unemployment Rate (June 30,) County 2.60% 2.90% 2.30% 3.70% 5.00% State 4.30% 4.50% 4.00% 4.70% 6.00% United States 4.50% 4.30% 4.00% 4.60% 5.80% Population/Income Statistics Income $ 75,639,499,000 $ 80,924,901,000 $ 89,771,608,000 $ 93,544,549,000 2,909,040 3,004,985 3,097,240 3,198,064 Population Per Capita $ 26,002 $ Fiscal Year 2002-03 26,930 $ Fiscal Year 2003-04 28,984 Fiscal Year 2004-05 $ 29,250 Fiscal Year 2005-06 $ 96,998,974,000 3,296,739 $ 29,423 Fiscal Year 2006-07 Unemployment Rate (June 30,) County 5.30% 4.40% 4.10% 3.60% 2.90% State 5.70% 5.00% 4.70% 4.20% 3.40% United States 6.30% 4.60% 5.00% 4.60% 4.50% Population/Income Statistics Income $101,378,940,000 Population Per Capita $110,278,789,000 3,389,229 $ 29,912 $ 120,716,738,000 3,498,347 $ 31,523 3,638,481 $ 33,178 (1) 3,792,675 (1) 3,907,492 (1) Source: Workforce Informer Arizona at www.workforce.az.gov for unemployment rate, population, income and per capita statistics. Note: Population, income and per capita are periodically updated by the Bureau of Economic Analysis, as reported by www.workforce.az.gov. As a result, income and per capita figures were adjusted for fiscal years 2000 through 2005 to reflect the most accurate estimates. (1) Income and per capita estimates were not yet available for fiscal years 2006 and 2007. 260 (1) Maricopa County Principal Employers Current Year and Nine Years Ago 1998 2007 Percentage of Employer Employees Rank Total County Employment Percentage of Employees Rank Total County Employment State of Arizona 49,305 1 2.59% 59,719 1 4.27% Wal-Mart Stores 28,800 2 1.51% 10,128 7 0.72% Banner Health Systems 16,400 3 0.86% City of Phoenix 14,166 4 0.74% 12,184 3 0.87% Maricopa County 13,274 5 0.70% 11,259 5 0.81% Arizona State University 12,083 6 0.63% Wells Fargo & Company 11,800 7 0.62% Fry’s Food and Drug Stores 11,780 8 0.62% U.S. Postal Services 11,000 9 0.58% 10,782 6 0.77% Raytheon Co. 10,750 10 0.56% Motorola 19,642 2 1.40% Samaritan Health Services 11,796 4 0.84% Allied Signal Inc. 9,169 8 0.66% Intel Corp. 7,972 9 0.57% American Express 7,800 10 0.56% Total for Principal Employers Total Employment in Maricopa County 179,358 9.41% 1,906,900 160,451 11.47% 1,398,400 As of June 30 Source: The Business Journal, Book of Lists 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. 261 Maricopa County Budgeted Full-time Equivalent County Employees by Function/Program Last Six 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 Employee Health Initiatives 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 Air Quality (1) 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 Solid Waste 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 25 33 322 18 54 235 43 67 67 16 22 39 136 71 15 64 25 34 322 11 54 248 44 66 66 16 22 40 141 71 16 64 24 33 321 12 54 245 48 51 61 15 20 36 132 70 25 64 24 33 321 13 54 301 42 51 63 15 21 35 140 70 26 59 1,175 666 30 829 1,845 15 223 828 64 115 35 2,465 264 14 1,092 689 30 917 1,846 15 226 869 63 125 35 2,488 265 15 1,072 684 30 915 1,849 14 224 833 65 125 34 2,494 262 22 1,153 710 30 990 1,965 15 227 1,012 66 159 34 3,214 381 19 1,193 743 30 992 2,053 15 208 966 70 190 36 3,558 348 18 1,237 772 31 1,037 2,190 15 209 951 73 214 36 3,835 368 16 504 478 479 479 477 484 N/A 133 283 368 115 523 N/A 140 274 369 108 535 N/A 141 282 368 40 542 N/A 144 303 461 40 557 131 (1) (2) 149 197 463 41 575 164 (1) 158 205 471 50 587 136 98 4 136 104 4 136 104 4 147 86 5 150 88 5 150 90 5 30 3,975 12 30 3,683 14 33 3,944 13 32 4,050 12 33 0 13 33 0 18 15,976 15,790 15,920 17,559 13,999 14,726 Source: County Management and Budget Department (1) Air Quality reported as a component of Environmental Services prior to fiscal year 2006. (2) Data updated in fiscal year 2007. 262 22 33 331 21 54 263 44 55 109 15 32 35 81 (2) 80 23 (2) 59 24 33 358 26 58 264 56 53 109 20 35 37 83 84 24 63 Maricopa County Operating Indicators by Function/Program Last Six 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 delineated Presentation, consultation requests completed Square miles of watershed studies completed Drainage complaint investigations conducted <30 days Justice Courts Annual new filings Total non-jury trials commenced Total jury trials commenced Juvenile Probation Population under 18 years old (estimated) Juveniles brought to detention Average length of detention (days) Sheriff Number of 911 calls dispatched Police service communications dispatched Number of non-emergency calls/inquiries Number of motor vehicle warrant checks Superior Court Annual Case Filings Health, Welfare and Sanitation Human Services Children served in Headstart Program Number of low income households in Maricopa County Number of low income households receiving services 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) 2001-02 2002-03 Fiscal Year 2003-04 2004-05 2005-06 2006-07 1,214,539 1,259,703 1,305,716 1,361,695 1,339,473 1,494,585 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 1,529,223 899,484 52 20,531 600 N/A (6) N/A (6) N/A (6) N/A (3) N/A (2) 264 $ 163 8,989 377 $ 52 9,845 612 $ 52 10,010 $ 312 32,671 864,242 $ 36,502,058 30,216 853,041 $ 23,772,376 32,001 769,314 $ 25,349,639 30,322 9,578 30,459 8,651 34,052 9,537 34,480 9,557 39,654 13,752 38,694 14,401 N/A (3) N/A (3) N/A (3) N/A (3) 441 220 10 269 1302 495 782 140 N/A (3) 26 1,238 N/A (3) 260 39 1,994 149 282 30 503 140 351,278 N/A (3) N/A (3) 355,170 22,777 71 348,040 41,238 70 375,944 34,615 49 379,498(9) 17,630 218(9) 412,558 4,079 495 861,454 10,287 15 878,683 10,119 15 896,257 9,916 17 914,182 9,782 19 932,466 10,029 19 951,049 10,491 17 N/A (3) N/A (3) N/A (3) N/A (3) 205,314 N/A (3) 305,811 112,272 222,843 N/A (3) 294,865 125,511 251,303 N/A (3) 297,310 132,477 257,807 221,310(9) 268,708 136,075 287,898 232,577 319,690 N/A (6) 145,299(5) 155,460(5) 154,996(5) 157,956 162,856 136,069 (5) 28,631 891,897 $ 28,417,533 $ 30,631 813,931(9) 32,078,615 $ 31,405 680,989 31,078,450 3,107 N/A (3) N/A (3) 14,803 2,392 N/A (3) N/A (3) 16,053 2,324 N/A (3) N/A (3) 15,788 2,339 N/A (3) N/A (3) 16,986 2,349 N/A (3) N/A (3) 19,921 3,086 71,085 5,247 N/A (6) N/A (3) 201,925 201,925 201,925 201,925 N/A (6) 225,224 185,320 2,645 217,686 211,455 3,794 257,249 232,431 3,914 286,124 222,100 3,121 311,980 308,493 2,867 324,777 235,573 3,031 N/A (4) N/A (4) N/A (4) N/A (4) N/A (4) N/A (4) 3,768,536 290,492 578,879 3,716,554 58,118 887,682 4,271,158 57,732 986,390 4,531,500 52,652 736,061 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 58 N/A (7) 8,249 27,585 58 N/A (7) 9,517 27,606 54,889 22,439 51,332 21,250 50,019 17,440 50,019 17,440 N/A (8) N/A (8) N/A (8) N/A (8) 7,635 7,175 N/A (3) N/A (3) N/A (8) N/A (8) (1) November general election data used for two fiscal-year time span (i.e., fiscal-year of election date and fiscal year immediately prior to election). (2) Financial data is unavailable to calculate cost per budget. (3) Information unavailable for fiscal year. (4) Data unavailable as a new computer system was installed in fiscal year 2003. (5) Data was adjusted during fiscal year 2005. (6) Data no longer tracked due to changes in the Strategic Business Plan for Fiscal Year 2007. (7) Data unavailable, Superintendant of Schools does not track or have access to student enrollment. (8) Medical Center and Health Plans data no longer available due to the transfer or closure in fiscal year 2006. (9) Data updated in fiscal year 2007. Note: Indicators for Highways and Streets and Other Business-type Activities are not available. 263 Maricopa County Capital Asset Statistics by Function/Program Last Six Fiscal Years Fiscal Year Function/Program 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 General Government Facilities Management Number of buildings owned by Facilities Number of buildings maintained by Facilities Public Safety N/A N/A N/A N/A N/A N/A 353 177 (2) 353 177 (2) 26 (1) 177 Flood Control District 118 118 118 297 310 318 Justice Courts Operating alert stations 23 23 23 23 23 23 Juvenile Courts 2 2 2 2 2 2 8,287 8,873 9,570 10,062 10,062 9,562 4 4 6 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 5,205 Miles of road with paved surfaces 4,421 4,421 4,452 4,503 4,514 4,255 Number of major bridges Number of total bridges 25 27 28 28 27 27 258 265 283 299 290 293 3 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 2 Number of WIC facilities 2 2 2 2 2 2 Culture and Recreation Library District Number of facilities owned Facilities operated Bookmobiles 2 2 2 2 3 2 10 11 10 10 10 13 2 2 2 2 1 1 Parks and Recreation Regional county parks 9 9 9 9 9 9 County managed golf courses 3 3 3 3 3 3 119,301 119,307 119,239 119,261 118,754 119,185 1 1 1 1 1 1 1 1 1 1 1 1 6 6 6 6 6 6 Total acres managed Conservation areas Stadium District Major league baseball field Solid Waste Management Number of transfer stations (1) (2) The number of Facilities Management owned buildings decreased significantly from fiscal year 2006 as various buildings were transferred from Facilities Management to the respective County department. Data was adjusted in fiscal year 2007. Source: Various County Agencies. Note: Indicators for Education is not available. 264